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Print - 2012-05-17
Has Malik renounced British nationality? Supreme Court seeks report

Has Malik renounced British nationality? Supreme Court seeks report

The Supreme Court on Wednesday sought a report from top legal officer to establish whether or not the incumbent federal Interior Minister Rehman Malik has renounced his British nationality. A three-member bench led by Chief Justice Iftikhar Muhammad Chaud
Published 17 May, 2012 12:00am
Has Malik renounced British nationality? Supreme Court seeks report

Has Malik renounced British nationality? Supreme Court seeks report

The Supreme Court on Wednesday sought a report from top legal officer to establish whether or not the incumbent federal Interior Minister Rehman Malik has renounced his British nationality. A three-member bench led by Chief Justice Iftikhar Muhammad Chaud
Published 17 May, 2012 12:00am
ISE index sheds 45.04 points

ISE index sheds 45.04 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 45.04 points as the ISE Ten Index moved from 2,860.01 to 2,814.97
Published 17 May, 2012 12:00am
ISE index sheds 45.04 points

ISE index sheds 45.04 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 45.04 points as the ISE Ten Index moved from 2,860.01 to 2,814.97
Published 17 May, 2012 12:00am
LSE index falls 93.15 points

LSE index falls 93.15 points

Bearish sentiments dominated on the Lahore Stock Exchange on Wednesday and the equities remained under selling pressure that throughout the day. The LSE-25 index was slide down to 3626.15 against 3719.3 of Tuesday, denoting a fall of 93.15 points while tr
Published 17 May, 2012 12:00am
LSE index falls 93.15 points

LSE index falls 93.15 points

Bearish sentiments dominated on the Lahore Stock Exchange on Wednesday and the equities remained under selling pressure that throughout the day. The LSE-25 index was slide down to 3626.15 against 3719.3 of Tuesday, denoting a fall of 93.15 points while tr
Published 17 May, 2012 12:00am
Power sector: make funds available, Hafeez told

Power sector: make funds available, Hafeez told

Federal Cabinet had directed the Ministry of Finance to solve financial problems of power sector and reconstituted the Energy Committee by inducting, among others the Interior Ministry to launch a crackdown against all those involved in power theft. This
Published 17 May, 2012 12:00am
Power sector: make funds available, Hafeez told

Power sector: make funds available, Hafeez told

Federal Cabinet had directed the Ministry of Finance to solve financial problems of power sector and reconstituted the Energy Committee by inducting, among others the Interior Ministry to launch a crackdown against all those involved in power theft. This
Published 17 May, 2012 12:00am
Power sector: make funds available, Hafeez told

Power sector: make funds available, Hafeez told

Federal Cabinet had directed the Ministry of Finance to solve financial problems of power sector and reconstituted the Energy Committee by inducting, among others the Interior Ministry to launch a crackdown against all those involved in power theft. This
Published 17 May, 2012 12:00am
''Side agreement'' with IPPs: MoF blocks power ministry''s proposal

''Side agreement'' with IPPs: MoF blocks power ministry''s proposal

The Finance Ministry has blocked a proposal of Ministry of Water and Power regarding signing of ''side agreement'' with Independent Power Producers (IPPs), saying that it will have additional financial implications and has the potential for an increase in
Published 17 May, 2012 12:00am
'Side agreement' with IPPs: MoF blocks power ministry's proposal

'Side agreement' with IPPs: MoF blocks power ministry's proposal

The Finance Ministry has blocked a proposal of Ministry of Water and Power regarding signing of 'side agreement' with Independent Power Producers (IPPs), saying that it will have additional financial implications and has the potential for an increase in t
Published 17 May, 2012 12:00am
'Side agreement' with IPPs: MoF blocks power ministry's proposal

'Side agreement' with IPPs: MoF blocks power ministry's proposal

The Finance Ministry has blocked a proposal of Ministry of Water and Power regarding signing of 'side agreement' with Independent Power Producers (IPPs), saying that it will have additional financial implications and has the potential for an increase in t
Published 17 May, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Wednesday (May 16, 2012).

Published 17 May, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Wednesday (May 16, 2012).

Published 17 May, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Wednesday (May 16, 2012).

Published 17 May, 2012 12:00am
LHC CJ refuses to hear petitions against Gilani

LHC CJ refuses to hear petitions against Gilani

Lahore High Court Chief Justice Sheikh Azmat Saeed on Wednesday refused to hear two identical petitions against Prime Minister Syed Yousuf Raza Gilani for holding the office of Prime Minister despite his conviction in a contempt of court case. Pakistan Te
Published 17 May, 2012 12:00am
LHC CJ refuses to hear petitions against Gilani

LHC CJ refuses to hear petitions against Gilani

Lahore High Court Chief Justice Sheikh Azmat Saeed on Wednesday refused to hear two identical petitions against Prime Minister Syed Yousuf Raza Gilani for holding the office of Prime Minister despite his conviction in a contempt of court case. Pakistan Te
Published 17 May, 2012 12:00am
Foreign urea supplier blacklisted

Foreign urea supplier blacklisted

The Trading Corporation of Pakistan (TCP) has blacklisted an international urea supplier for the next tender after it failed to supply urea in accordance with an agreement with the corporation. Sources told Business Recorder on Wednesday that the r
Published 17 May, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (May 16, 2012).

Published 17 May, 2012 12:00am
Foreign urea supplier blacklisted

Foreign urea supplier blacklisted

The Trading Corporation of Pakistan (TCP) has blacklisted an international urea supplier for the next tender after it failed to supply urea in accordance with an agreement with the corporation. Sources told Business Recorder on Wednesday that the r
Published 17 May, 2012 12:00am
Foreign urea supplier blacklisted

Foreign urea supplier blacklisted

The Trading Corporation of Pakistan (TCP) has blacklisted an international urea supplier for the next tender after it failed to supply urea in accordance with an agreement with the corporation. Sources told Business Recorder on Wednesday that the r
Published 17 May, 2012 12:00am
BRIndex30 down by 248.95 points

BRIndex30 down by 248.95 points

On Wednesday, BRIndex30 opened at 10,583.52 and remained in a downward trend almost since market opening. It touched an intraday high of 10,588.20 and an intraday low of 10,314.38 and closed at 10,334.57 which was -248.95 points or -2.35 percent lower tha
Published 17 May, 2012 12:00am
BRIndex30 down by 248.95 points

BRIndex30 down by 248.95 points

On Wednesday, BRIndex30 opened at 10,583.52 and remained in a downward trend almost since market opening. It touched an intraday high of 10,588.20 and an intraday low of 10,314.38 and closed at 10,334.57 which was -248.95 points or -2.35 percent lower tha
Published 17 May, 2012 12:00am
Index loses 232.6 points

Index loses 232.6 points

A bearish trend was witnessed on the Karachi share market on Wednesday due to selling by both local and foreign investors and the benchmark KSE-100 index declined by 232.6 points to close at 14,081.07 points. The foreign investors remained net sellers and
Published 17 May, 2012 12:00am
Index loses 232.6 points

Index loses 232.6 points

A bearish trend was witnessed on the Karachi share market on Wednesday due to selling by both local and foreign investors and the benchmark KSE-100 index declined by 232.6 points to close at 14,081.07 points. The foreign investors remained net sellers and
Published 17 May, 2012 12:00am
Index loses 232.6 points

Index loses 232.6 points

A bearish trend was witnessed on the Karachi share market on Wednesday due to selling by both local and foreign investors and the benchmark KSE-100 index declined by 232.6 points to close at 14,081.07 points. The foreign investors remained net sellers and
Published 17 May, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (May 16, 2012).

Published 17 May, 2012 12:00am
Threats sent to western embassies in Islamabad

Threats sent to western embassies in Islamabad

Several Western embassies in Islamabad received letters on Wednesday containing suspicious powder and threats to poison supplies for Nato soldiers in Afghanistan, officials said. Islamabad police chief Bani Amin told AFP that at least three embassies had
Published 17 May, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 16, 2012).
Published 17 May, 2012 12:00am
Threats sent to western embassies in Islamabad

Threats sent to western embassies in Islamabad

Several Western embassies in Islamabad received letters on Wednesday containing suspicious powder and threats to poison supplies for Nato soldiers in Afghanistan, officials said. Islamabad police chief Bani Amin told AFP that at least three embassies had
Published 17 May, 2012 12:00am
No differences between civilian, military leadership: Kaira

No differences between civilian, military leadership: Kaira

The government has taken no decision to allow resumption of Nato supplies to Afghanistan through Pakistan, said Minister for Information and Broadcasting, Qamar Zaman Kaira here on Wednesday. Addressing a press conference after the Cabinet meeting, Kaira
Published 17 May, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (May 16, 2012).

Published 17 May, 2012 12:00am
No differences between civilian, military leadership: Kaira

No differences between civilian, military leadership: Kaira

The government has taken no decision to allow resumption of Nato supplies to Afghanistan through Pakistan, said Minister for Information and Broadcasting, Qamar Zaman Kaira here on Wednesday. Addressing a press conference after the Cabinet meeting, Kaira
Published 17 May, 2012 12:00am
BoE cuts growth forecasts, warns on euro crisis

BoE cuts growth forecasts, warns on euro crisis

The Bank of England on Wednesday cut its forecast for British growth and warned that the eurozone debt crisis was the biggest threat to recovery, even if a credible solution is found. Gross domestic product (GDP) was predicted to grow by just under 1.0 pe
Published 17 May, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (May 16, 2012).

Published 17 May, 2012 12:00am
BoE cuts growth forecasts, warns on euro crisis

BoE cuts growth forecasts, warns on euro crisis

The Bank of England on Wednesday cut its forecast for British growth and warned that the eurozone debt crisis was the biggest threat to recovery, even if a credible solution is found. Gross domestic product (GDP) was predicted to grow by just under 1.0 pe
Published 17 May, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (May 16, 2012).

Published 17 May, 2012 12:00am
BoE cuts growth forecasts, warns on euro crisis

BoE cuts growth forecasts, warns on euro crisis

The Bank of England on Wednesday cut its forecast for British growth and warned that the eurozone debt crisis was the biggest threat to recovery, even if a credible solution is found. Gross domestic product (GDP) was predicted to grow by just under 1.0 pe
Published 17 May, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (May 16, 2012).

Published 17 May, 2012 12:00am
Disbursement of funds by ISI: General Beg was on board, says Durrani

Disbursement of funds by ISI: General Beg was on board, says Durrani

Right from the beginning, former Army Chief Mirza Aslam Beg was on board - both in the process of issuing instructions and overseeing the disbursement of funds to political parties. This was stated by former DG ISI Lieutenant General Asad Durrani (Retd) o
Published 17 May, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 17 May, 2012 12:00am
Disbursement of funds by ISI: General Beg was on board, says Durrani

Disbursement of funds by ISI: General Beg was on board, says Durrani

Right from the beginning, former Army Chief Mirza Aslam Beg was on board - both in the process of issuing instructions and overseeing the disbursement of funds to political parties. This was stated by former DG ISI Lieutenant General Asad Durrani (Retd) o
Published 17 May, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Wednesday (May 16, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 17 May, 2012 12:00am
Seventh International Defence Exhibition in November

Seventh International Defence Exhibition in November

The 7th International Defence Exhibition and Seminar (IDEAS) will be held from November 7 to 11 at Expo Centre here. An ISPR press release issued here on Wednesday said that IDEAS has established itself as an attractive and grand rendezvous to promote mut
Published 17 May, 2012 12:00am