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Print - 2012-06-27
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday and the equities moved both ways and finally settled in negative zone amid marginally improved trading turnover. The LSE-26 index lost 9.64 points and was closed at 3427.84 against 3437.48
Published 27 Jun, 2012 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday and the equities moved both ways and finally settled in negative zone amid marginally improved trading turnover. The LSE-26 index lost 9.64 points and was closed at 3427.84 against 3437.48
Published 27 Jun, 2012 12:00am
Revenue to be in range of Rs 1,850 billion to Rs 1,900 billion

Revenue to be in range of Rs 1,850 billion to Rs 1,900 billion

The Federal Board of Revenue would be able to amass revenue in the range of Rs 1,850 billion and Rs 1,900 billion, taking into account current economic situation including power and gas load shedding having direct impact on business and trade. Sources tol
Published 27 Jun, 2012 12:00am
Revenue to be in range of Rs 1,850 billion to Rs 1,900 billion

Revenue to be in range of Rs 1,850 billion to Rs 1,900 billion

The Federal Board of Revenue would be able to amass revenue in the range of Rs 1,850 billion and Rs 1,900 billion, taking into account current economic situation including power and gas load shedding having direct impact on business and trade. Sources tol
Published 27 Jun, 2012 12:00am
Revenue to be in range of Rs 1,850 billion to Rs 1,900 billion

Revenue to be in range of Rs 1,850 billion to Rs 1,900 billion

The Federal Board of Revenue would be able to amass revenue in the range of Rs 1,850 billion and Rs 1,900 billion, taking into account current economic situation including power and gas load shedding having direct impact on business and trade. Sources tol
Published 27 Jun, 2012 12:00am
Business Recorder House attack case: six suspects detained

Business Recorder House attack case: six suspects detained

Despite a brazen attack on Business Recorder House on Monday evening resulting in gunshot injuries to two persons, the authorities were still unable on Tuesday to constitute a high-level team to investigate the matter.
Published 27 Jun, 2012 12:00am
Business Recorder House attack case: six suspects detained

Business Recorder House attack case: six suspects detained

Despite a brazen attack on Business Recorder House on Monday evening resulting in gunshot injuries to two persons, the authorities were still unable on Tuesday to constitute a high-level team to investigate the matter.
Published 27 Jun, 2012 12:00am
Zafar made Water & Power Secretary

Zafar made Water & Power Secretary

Prime Minister, Raja Pervaiz Ashraf has appointed Secretary Commerce, Zafar Mahmood as Secretary Water and Power on the recommendations of Minister for Water and Power, Ahmad Mukhtar. On Monday, Ahmad Mukhtar told Business Recorder that the process
Published 27 Jun, 2012 12:00am
Zafar made Water & Power Secretary

Zafar made Water & Power Secretary

Prime Minister, Raja Pervaiz Ashraf has appointed Secretary Commerce, Zafar Mahmood as Secretary Water and Power on the recommendations of Minister for Water and Power, Ahmad Mukhtar. On Monday, Ahmad Mukhtar told Business Recorder that the process
Published 27 Jun, 2012 12:00am
Zafar made Water & Power Secretary

Zafar made Water & Power Secretary

Prime Minister, Raja Pervaiz Ashraf has appointed Secretary Commerce, Zafar Mahmood as Secretary Water and Power on the recommendations of Minister for Water and Power, Ahmad Mukhtar. On Monday, Ahmad Mukhtar told Business Recorder that the process
Published 27 Jun, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (June 26, 2012).

Published 27 Jun, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (June 26, 2012).

Published 27 Jun, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (June 26, 2012).

Published 27 Jun, 2012 12:00am
BRIndex30 plunges 31.82 points

BRIndex30 plunges 31.82 points

On Tuesday, BRIndex30 opened at 9,834.68. It touched an intraday high of 9,888.46 and an intraday low of 9,798.34 and closed at 9,802.86 which was -31.82 points or -0.32 percent lower than previous close. Total volume was 36,612,862, which was 63.14 perce
Published 27 Jun, 2012 12:00am
BRIndex30 plunges 31.82 points

BRIndex30 plunges 31.82 points

On Tuesday, BRIndex30 opened at 9,834.68. It touched an intraday high of 9,888.46 and an intraday low of 9,798.34 and closed at 9,802.86 which was -31.82 points or -0.32 percent lower than previous close. Total volume was 36,612,862, which was 63.14 perce
Published 27 Jun, 2012 12:00am
Index gains 13.84 points

Index gains 13.84 points

The Karachi share market on Tuesday witnessed a mixed trend with the benchmark KSE-100 index oscillating between 13,707.21 points intra-day high and 13,587.97 points intra-day low levels. The index finally closed at the level of 13,656.04 points with a mo
Published 27 Jun, 2012 12:00am
Index gains 13.84 points

Index gains 13.84 points

The Karachi share market on Tuesday witnessed a mixed trend with the benchmark KSE-100 index oscillating between 13,707.21 points intra-day high and 13,587.97 points intra-day low levels. The index finally closed at the level of 13,656.04 points with a mo
Published 27 Jun, 2012 12:00am
Index gains 13.84 points

Index gains 13.84 points

The Karachi share market on Tuesday witnessed a mixed trend with the benchmark KSE-100 index oscillating between 13,707.21 points intra-day high and 13,587.97 points intra-day low levels. The index finally closed at the level of 13,656.04 points with a mo
Published 27 Jun, 2012 12:00am
Pay SST on services before June 30: SRB

Pay SST on services before June 30: SRB

Sindh Revenue Board has asked service providers to pay Sindh Sales Tax on services before June 30, 2012. According to an announcement, Sindh Revenue Board (SRB) extended the amnesty to exempt whole of the amount of penalty and default surcharge payable by
Published 27 Jun, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 26, 2012).

Published 27 Jun, 2012 12:00am
Pay SST on services before June 30: SRB

Pay SST on services before June 30: SRB

Sindh Revenue Board has asked service providers to pay Sindh Sales Tax on services before June 30, 2012. According to an announcement, Sindh Revenue Board (SRB) extended the amnesty to exempt whole of the amount of penalty and default surcharge payable by
Published 27 Jun, 2012 12:00am
Pay SST on services before June 30: SRB

Pay SST on services before June 30: SRB

Sindh Revenue Board has asked service providers to pay Sindh Sales Tax on services before June 30, 2012. According to an announcement, Sindh Revenue Board (SRB) extended the amnesty to exempt whole of the amount of penalty and default surcharge payable by
Published 27 Jun, 2012 12:00am
Services sector''s deficit up by 67 percent

Services sector''s deficit up by 67 percent

The country''s services sector trade continues to deteriorate and witnessed a deficit of $2.6 billion, up by 67 percent, during the first eleven months of current fiscal year as compared to the same period of last fiscal year. The State Bank of Pakistan r
Published 27 Jun, 2012 12:00am
Services sector's deficit up by 67 percent

Services sector's deficit up by 67 percent

The country's services sector trade continues to deteriorate and witnessed a deficit of $2.6 billion, up by 67 percent, during the first eleven months of current fiscal year as compared to the same period of last fiscal year. The State Bank of Pakistan re
Published 27 Jun, 2012 12:00am
Services sector's deficit up by 67 percent

Services sector's deficit up by 67 percent

The country's services sector trade continues to deteriorate and witnessed a deficit of $2.6 billion, up by 67 percent, during the first eleven months of current fiscal year as compared to the same period of last fiscal year. The State Bank of Pakistan re
Published 27 Jun, 2012 12:00am
5.5 percent revised fiscal deficit target may be missed

5.5 percent revised fiscal deficit target may be missed

The government is likely to miss 5.5 percent revised fiscal deficit target for the current fiscal year due to higher than budgeted subsidies to the power sector in the current fiscal year, it is learnt. Sources told Business Recorder that the budge
Published 27 Jun, 2012 12:00am
5.5 percent revised fiscal deficit target may be missed

5.5 percent revised fiscal deficit target may be missed

The government is likely to miss 5.5 percent revised fiscal deficit target for the current fiscal year due to higher than budgeted subsidies to the power sector in the current fiscal year, it is learnt. Sources told Business Recorder that the budge
Published 27 Jun, 2012 12:00am
5.5 percent revised fiscal deficit target may be missed

5.5 percent revised fiscal deficit target may be missed

The government is likely to miss 5.5 percent revised fiscal deficit target for the current fiscal year due to higher than budgeted subsidies to the power sector in the current fiscal year, it is learnt. Sources told Business Recorder that the budge
Published 27 Jun, 2012 12:00am
5.5 percent revised fiscal deficit target may be missed

5.5 percent revised fiscal deficit target may be missed

The government is likely to miss 5.5 percent revised fiscal deficit target for the current fiscal year due to higher than budgeted subsidies to the power sector in the current fiscal year, it is learnt. Sources told Business Recorder that the budge
Published 27 Jun, 2012 12:00am
Petitioner urges Supreme Court to ask Prime Minister to write letter

Petitioner urges Supreme Court to ask Prime Minister to write letter

An application filed in Supreme Court Tuesday pleaded the court to direct newly-appointed Prime Minister Raja Pervaiz Ashraf to write a letter to Swiss authorities to reopen graft cases against President Asif Ali Zardari. The petitioner also urged the cou
Published 27 Jun, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 26, 2012).

Published 27 Jun, 2012 12:00am
Petitioner urges Supreme Court to ask Prime Minister to write letter

Petitioner urges Supreme Court to ask Prime Minister to write letter

An application filed in Supreme Court Tuesday pleaded the court to direct newly-appointed Prime Minister Raja Pervaiz Ashraf to write a letter to Swiss authorities to reopen graft cases against President Asif Ali Zardari. The petitioner also urged the cou
Published 27 Jun, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 26, 2012).
Published 27 Jun, 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 Tuesday (June 26, 2012).

Published 27 Jun, 2012 12:00am
Third round of Pak-UK NSD held

Third round of Pak-UK NSD held

The third round of the Pakistan-UK National Security Dialogue (NSD) was held here on Tuesday and discussed counterterrorism, regional security and issues of mutual interest including Afghanistan. Foreign Minister Hina Rabbani Khar led the Pakistan delegat
Published 27 Jun, 2012 12:00am
Third round of Pak-UK NSD held

Third round of Pak-UK NSD held

The third round of the Pakistan-UK National Security Dialogue (NSD) was held here on Tuesday and discussed counterterrorism, regional security and issues of mutual interest including Afghanistan. Foreign Minister Hina Rabbani Khar led the Pakistan delegat
Published 27 Jun, 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 Tuesday (June 26, 2012).

Published 27 Jun, 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 Tuesday (June 26, 2012).

Published 27 Jun, 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 Tuesday (June 26, 2012).

Published 27 Jun, 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 27 Jun, 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 Tuesday (June 26, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 27 Jun, 2012 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 27 Jun, 2012 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 27 Jun, 2012 12:00am
Aijaz Ali Khan

Aijaz Ali Khan

Ajaz Ali Khan joined the Civil Service of Pakistan (District Management Group) after passing the competitive superior services (CSS) exam in the year 1984. He has served in various capacities from sub-division and district level assignments where policy e
Published 27 Jun, 2012 12:00am
Eurozone's ESM fund could backstop bank deposits

Eurozone's ESM fund could backstop bank deposits

The eurozone's permanent bailout scheme, the European Stability Mechanism, could be used to backstop a fund to protect bank deposits or wind up failing lenders, according to a document prepared for European leaders meeting this week.
Published 27 Jun, 2012 12:00am
Stockton, California to take up bankruptcy budget plan

Stockton, California to take up bankruptcy budget plan

Stockton, California was poised on Tuesday to take a major step toward becoming the largest US city ever to file for bankruptcy after talks with its creditors on Monday at midnight. Negotiations aimed at averting bankruptcy may press on informally, the ci
Published 27 Jun, 2012 12:00am
Morgan Stanley's German head offers resignation

Morgan Stanley's German head offers resignation

The head of Morgan Stanley's German unit has offered to step down following an uproar over emails he reportedly exchanged with a regional politician, and the bank has not yet decided whether to accept his resignation, according to two people familiar with
Published 27 Jun, 2012 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh fell at a weekly auction on Tuesday after rising more than 15 percent in the previous five sessions, as higher supplies offset the demand from buyers. The average price of Bangladeshi tea was 212.86 taka ($2.6) a kg against 227.66
Published 27 Jun, 2012 12:00am
Wet weather to increase Brazil's sugar output

Wet weather to increase Brazil's sugar output

Wet weather in centre-south Brazil this month will boost sugar production in 2012/13 and mean that the harvest will go on longer than initially expected, a leading sugar analyst said on Monday. The rain has delayed harvesting and led to a big line-up of v
Published 27 Jun, 2012 12:00am
Rains in China's corn, cotton provinces to ease drought concerns

Rains in China's corn, cotton provinces to ease drought concerns

Rains in China's major corn and cotton producing provinces this week will give much needed relief to drought-stricken fields, although some areas risk being hit by floods, the country's weather bureau said. Drought concerns in China, the world's second-la
Published 27 Jun, 2012 12:00am
Oil World sees even higher Chinese soya imports

Oil World sees even higher Chinese soya imports

China is likely to import 57.9 million tonnes of soyabeans in the October 2011/September 2012 season, up 5.6 million tonnes on the year as its demand for oilseeds continues to grow, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
Published 27 Jun, 2012 12:00am
Rains help cocoa in west Ivory Coast

Rains help cocoa in west Ivory Coast

Abundant rains last week in Ivory Coast benefited cocoa crops in western regions in the last stage of the mid crop but triggered concerns in eastern regions about black pod disease, farmers and analysts said on Monday. A five-month drought from November t
Published 27 Jun, 2012 12:00am
India sells new-crop wheat, more deals likely

India sells new-crop wheat, more deals likely

The Middle East has bought around 200,000 tonnes of new-crop Indian wheat and more deals are likely, as a rally in global prices and the weakening currency of the South Asian nation make exports competitive, grains traders said on Tuesday.
Published 27 Jun, 2012 12:00am