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Print - 2012-07-03
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
Border violence: Pakistan, Afghanistan at loggerheads

Border violence: Pakistan, Afghanistan at loggerheads

Pakistani officials accused up to 60 Afghan soldiers on Monday of crossing into Pakistani territory and sparking clashes that killed two tribesman. It was the latest in a series of escalating cross-border attacks reported in Afghanistan and Pakistan that
Published 03 Jul, 2012 12:00am
Four aid workers freed from captivity in Somalia

Four aid workers freed from captivity in Somalia

Four aid workers with the Norwegian Refugee Council (NRC) have been freed from captivity in Somalia following a rescue operation, officials said on Monday. The four workers - from Canada, Pakistan, the Philippines and Norway - were abducted Friday by mask
Published 03 Jul, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
Four aid workers freed from captivity in Somalia

Four aid workers freed from captivity in Somalia

Four aid workers with the Norwegian Refugee Council (NRC) have been freed from captivity in Somalia following a rescue operation, officials said on Monday. The four workers - from Canada, Pakistan, the Philippines and Norway - were abducted Friday by mask
Published 03 Jul, 2012 12:00am
World''s largest single-train urea plant in distress

World''s largest single-train urea plant in distress

World''s largest single train urea plant set up at Dharki, Sindh by Engro is in distress. Reason; shortfall of gas from January 2011 to June 2012. Last week, Engro sent a letter to claim damages worth Rs 28.85 billion from Sui Northern Gas Pipeline Limite
Published 03 Jul, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
World's largest single-train urea plant in distress

World's largest single-train urea plant in distress

World's largest single train urea plant set up at Dharki, Sindh by Engro is in distress. Reason; shortfall of gas from January 2011 to June 2012. Last week, Engro sent a letter to claim damages worth Rs 28.85 billion from Sui Northern Gas Pipeline Limited
Published 03 Jul, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
World's largest single-train urea plant in distress

World's largest single-train urea plant in distress

World's largest single train urea plant set up at Dharki, Sindh by Engro is in distress. Reason; shortfall of gas from January 2011 to June 2012. Last week, Engro sent a letter to claim damages worth Rs 28.85 billion from Sui Northern Gas Pipeline Limited
Published 03 Jul, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
Saudi Arabia approves mortgage law

Saudi Arabia approves mortgage law

Saudi Arabia has approved a draft law allowing mortgages to be sold in the kingdom, the state news agency said on Monday. "It should help address one of the critical social issues in the kingdom - housing," James Reeve, senior economist at Samba Financial
Published 03 Jul, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
Saudi Arabia approves mortgage law

Saudi Arabia approves mortgage law

Saudi Arabia has approved a draft law allowing mortgages to be sold in the kingdom, the state news agency said on Monday. "It should help address one of the critical social issues in the kingdom - housing," James Reeve, senior economist at Samba Financial
Published 03 Jul, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
Saudi Arabia approves mortgage law

Saudi Arabia approves mortgage law

Saudi Arabia has approved a draft law allowing mortgages to be sold in the kingdom, the state news agency said on Monday. "It should help address one of the critical social issues in the kingdom - housing," James Reeve, senior economist at Samba Financial
Published 03 Jul, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 22nd June, 2012.

Published 03 Jul, 2012 12:00am
Saudi Arabia approves mortgage law

Saudi Arabia approves mortgage law

Saudi Arabia has approved a draft law allowing mortgages to be sold in the kingdom, the state news agency said on Monday. "It should help address one of the critical social issues in the kingdom - housing," James Reeve, senior economist at Samba Financial
Published 03 Jul, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 22nd June, 2012.

Published 03 Jul, 2012 12:00am
ISE index up 97 points

ISE index up 97 points

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 97 points as the ISE Ten Index moved from 2,774.14 to
Published 03 Jul, 2012 12:00am
ISE index up 97 points

ISE index up 97 points

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 97 points as the ISE Ten Index moved from 2,774.14 to
Published 03 Jul, 2012 12:00am
LSE index jumps by 104 points

LSE index jumps by 104 points

Bullish sentiments prevailed on the Lahore Stock Exchange on Monday and the equities registered gains under the lead of fertiliser, oil, banking and cement sectors. The LSE-25 index jumped to 3546.87 against 3442.87 of last Friday, denoting an improvement
Published 03 Jul, 2012 12:00am
LSE index jumps by 104 points

LSE index jumps by 104 points

Bullish sentiments prevailed on the Lahore Stock Exchange on Monday and the equities registered gains under the lead of fertiliser, oil, banking and cement sectors. The LSE-25 index jumped to 3546.87 against 3442.87 of last Friday, denoting an improvement
Published 03 Jul, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
Foreign Secretary leaves for New Delhi today

Foreign Secretary leaves for New Delhi today

Foreign Secretary Jalil Abbas Jilani will leave for New Delhi today (Tuesday) to hold talks with his Indian counterpart Ranjan Mathai on Wednesday. According to Foreign Office sources, the two Foreign Secretaries will meet in New Delhi on July 4-5 to disc
Published 03 Jul, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
Foreign Secretary leaves for New Delhi today

Foreign Secretary leaves for New Delhi today

Foreign Secretary Jalil Abbas Jilani will leave for New Delhi today (Tuesday) to hold talks with his Indian counterpart Ranjan Mathai on Wednesday. According to Foreign Office sources, the two Foreign Secretaries will meet in New Delhi on July 4-5 to disc
Published 03 Jul, 2012 12:00am
Nato supply route all set to open: DCC meeting today

Nato supply route all set to open: DCC meeting today

A major breakthrough in Pak-US estranged relations is in the offing, as Pakistan is all set to reopen the ground lines of communications (GLOCs) to the US-led Nato forces in Afghanistan after seven-month long blockade, official sources said.
Published 03 Jul, 2012 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

The rupee drifted lower against the dollar on the currency market on Monday, dealers said. The rates in the interbank market not issued due to bank closing on the same day, they said.
Published 03 Jul, 2012 12:00am
Nato supply route all set to open: DCC meeting today

Nato supply route all set to open: DCC meeting today

A major breakthrough in Pak-US estranged relations is in the offing, as Pakistan is all set to reopen the ground lines of communications (GLOCs) to the US-led Nato forces in Afghanistan after seven-month long blockade, official sources said.
Published 03 Jul, 2012 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

The rupee drifted lower against the dollar on the currency market on Monday, dealers said. The rates in the interbank market not issued due to bank closing on the same day, they said.
Published 03 Jul, 2012 12:00am
Iran seeks to block Hormuz

Iran seeks to block Hormuz

Iran''s National Security and Foreign Policy Committee has drafted a bill calling for Iran to try to stop oil tankers from shipping crude through the Strait of Hormuz to countries that support sanctions against it, a committee member said on Monday.The Ir
Published 03 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
Iran seeks to block Hormuz

Iran seeks to block Hormuz

Iran's National Security and Foreign Policy Committee has drafted a bill calling for Iran to try to stop oil tankers from shipping crude through the Strait of Hormuz to countries that support sanctions against it, a committee member said on Monday.The Ira
Published 03 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
Iran seeks to block Hormuz

Iran seeks to block Hormuz

Iran's National Security and Foreign Policy Committee has drafted a bill calling for Iran to try to stop oil tankers from shipping crude through the Strait of Hormuz to countries that support sanctions against it, a committee member said on Monday.The Ira
Published 03 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (July 02, 2012).

Published 03 Jul, 2012 12:00am
European governments call for robust arms trade treaty

European governments call for robust arms trade treaty

France, Britain, Germany and Sweden called Monday on the United Nations to quickly draw up a comprehensive arms trade treaty that will reduce what they called "a growing threat to humanity". The appeal came as UN member states were set to launch talks lat
Published 03 Jul, 2012 12:00am
European governments call for robust arms trade treaty

European governments call for robust arms trade treaty

France, Britain, Germany and Sweden called Monday on the United Nations to quickly draw up a comprehensive arms trade treaty that will reduce what they called "a growing threat to humanity". The appeal came as UN member states were set to launch talks lat
Published 03 Jul, 2012 12:00am
MoI prepares Rs 2.532 billion Ramazan relief package

MoI prepares Rs 2.532 billion Ramazan relief package

Ministry of Industries (MoI) has prepared Ramazan relief package of Rs 2.532 billion. According to which, prices of dozens of essential items will be reduced from 5-15 percent, well informed sources told Business Recorder. It will be implemented th
Published 03 Jul, 2012 12:00am
MoI prepares Rs 2.532 billion Ramazan relief package

MoI prepares Rs 2.532 billion Ramazan relief package

Ministry of Industries (MoI) has prepared Ramazan relief package of Rs 2.532 billion. According to which, prices of dozens of essential items will be reduced from 5-15 percent, well informed sources told Business Recorder. It will be implemented th
Published 03 Jul, 2012 12:00am
MoI prepares Rs 2.532 billion Ramazan relief package

MoI prepares Rs 2.532 billion Ramazan relief package

Ministry of Industries (MoI) has prepared Ramazan relief package of Rs 2.532 billion. According to which, prices of dozens of essential items will be reduced from 5-15 percent, well informed sources told Business Recorder. It will be implemented th
Published 03 Jul, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Jul, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Jul, 2012 12:00am
Auction for 3G licences: SBP sees $630 million revenue

Auction for 3G licences: SBP sees $630 million revenue

The State Bank of Pakistan has estimated that $630 million could be generated from the auction for 3G licences to support external and fiscal deficit. Meanwhile, however it has also suggested some changes in the Information Memorandum issued by the Pakist
Published 03 Jul, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Jul, 2012 12:00am
Auction for 3G licences: SBP sees $630 million revenue

Auction for 3G licences: SBP sees $630 million revenue

The State Bank of Pakistan has estimated that $630 million could be generated from the auction for 3G licences to support external and fiscal deficit. Meanwhile, however it has also suggested some changes in the Information Memorandum issued by the Pakist
Published 03 Jul, 2012 12:00am
Auction for 3G licences: SBP sees $630 million revenue

Auction for 3G licences: SBP sees $630 million revenue

The State Bank of Pakistan has estimated that $630 million could be generated from the auction for 3G licences to support external and fiscal deficit. Meanwhile, however it has also suggested some changes in the Information Memorandum issued by the Pakist
Published 03 Jul, 2012 12:00am
Auction for 3G licences: SBP sees $630 million revenue

Auction for 3G licences: SBP sees $630 million revenue

The State Bank of Pakistan has estimated that $630 million could be generated from the auction for 3G licences to support external and fiscal deficit. Meanwhile, however it has also suggested some changes in the Information Memorandum issued by the Pakist
Published 03 Jul, 2012 12:00am
BRIndex30 surges 267.55 points

BRIndex30 surges 267.55 points

On Monday, BRIndex30 opened at 9,859.37 and remained positive throughout the trading session. It touched an intraday high of 10,185.61 and an intraday low of 9,927.32 and closed at 10,126.92, which was 267.55 points or 2.71 percent higher than previous cl
Published 03 Jul, 2012 12:00am
BRIndex30 surges 267.55 points

BRIndex30 surges 267.55 points

On Monday, BRIndex30 opened at 9,859.37 and remained positive throughout the trading session. It touched an intraday high of 10,185.61 and an intraday low of 9,927.32 and closed at 10,126.92, which was 267.55 points or 2.71 percent higher than previous cl
Published 03 Jul, 2012 12:00am
Index breaches psychological level of 14,000

Index breaches psychological level of 14,000

A strong recovery in international commodity and equity markets coupled with improving Pak-US relations invited healthy buying on the local bourse on the first day of new fiscal year and the benchmark KSE-100 index breached 14,000 psychological level on M
Published 03 Jul, 2012 12:00am
Index breaches psychological level of 14,000

Index breaches psychological level of 14,000

A strong recovery in international commodity and equity markets coupled with improving Pak-US relations invited healthy buying on the local bourse on the first day of new fiscal year and the benchmark KSE-100 index breached 14,000 psychological level on M
Published 03 Jul, 2012 12:00am
Index breaches psychological level of 14,000

Index breaches psychological level of 14,000

A strong recovery in international commodity and equity markets coupled with improving Pak-US relations invited healthy buying on the local bourse on the first day of new fiscal year and the benchmark KSE-100 index breached 14,000 psychological level on M
Published 03 Jul, 2012 12:00am
New World Bank chief warns on eurozone crisis

New World Bank chief warns on eurozone crisis

New World Bank chief Jim Yong Kim warned Monday that the eurozone financial crisis poses a deep risk for the global economy and said it was urgent that European countries act to restore stability. In a statement marking his first day on the job, Kim said
Published 03 Jul, 2012 12:00am
New World Bank chief warns on eurozone crisis

New World Bank chief warns on eurozone crisis

New World Bank chief Jim Yong Kim warned Monday that the eurozone financial crisis poses a deep risk for the global economy and said it was urgent that European countries act to restore stability. In a statement marking his first day on the job, Kim said
Published 03 Jul, 2012 12:00am
New World Bank chief warns on eurozone crisis

New World Bank chief warns on eurozone crisis

New World Bank chief Jim Yong Kim warned Monday that the eurozone financial crisis poses a deep risk for the global economy and said it was urgent that European countries act to restore stability. In a statement marking his first day on the job, Kim said
Published 03 Jul, 2012 12:00am
European crisis hits world''s factories in June

European crisis hits world''s factories in June

The global economy is showing signs of deteriorating after manufacturing in the United States contracted in June for the first time in three years, European factories took another hefty blow and China and Japan were hit hard by crumbling orders from abroa
Published 03 Jul, 2012 12:00am
European crisis hits world's factories in June

European crisis hits world's factories in June

The global economy is showing signs of deteriorating after manufacturing in the United States contracted in June for the first time in three years, European factories took another hefty blow and China and Japan were hit hard by crumbling orders from abroa
Published 03 Jul, 2012 12:00am
European crisis hits world's factories in June

European crisis hits world's factories in June

The global economy is showing signs of deteriorating after manufacturing in the United States contracted in June for the first time in three years, European factories took another hefty blow and China and Japan were hit hard by crumbling orders from abroa
Published 03 Jul, 2012 12:00am
Financially-strapped PIA: ECC may approve bailout package today

Financially-strapped PIA: ECC may approve bailout package today

Economic Co-ordination Committee (ECC) of the Cabinet, which is scheduled to meet on Tuesday (today), is likely to approve a massive bailout package to help financially strapped Pakistan International Airlines (PIA) its acute financial woes.
Published 03 Jul, 2012 12:00am
Financially-strapped PIA: ECC may approve bailout package today

Financially-strapped PIA: ECC may approve bailout package today

Economic Co-ordination Committee (ECC) of the Cabinet, which is scheduled to meet on Tuesday (today), is likely to approve a massive bailout package to help financially strapped Pakistan International Airlines (PIA) its acute financial woes.
Published 03 Jul, 2012 12:00am
Financially-strapped PIA: ECC may approve bailout package today

Financially-strapped PIA: ECC may approve bailout package today

Economic Co-ordination Committee (ECC) of the Cabinet, which is scheduled to meet on Tuesday (today), is likely to approve a massive bailout package to help financially strapped Pakistan International Airlines (PIA) its acute financial woes.
Published 03 Jul, 2012 12:00am
High-level meeting on missing persons' issue today

High-level meeting on missing persons' issue today

A high-level meeting under the chair of Law Minister will be held Tuesday focusing exclusively on the issue of missing persons in Balochistan. The meeting will be attended by secretary defence, secretary interior, secretary law, chief secretary Balochista
Published 03 Jul, 2012 12:00am
High-level meeting on missing persons' issue today

High-level meeting on missing persons' issue today

A high-level meeting under the chair of Law Minister will be held Tuesday focusing exclusively on the issue of missing persons in Balochistan. The meeting will be attended by secretary defence, secretary interior, secretary law, chief secretary Balochista
Published 03 Jul, 2012 12:00am
Rs 20.7 billion fraud detected in PPO

Rs 20.7 billion fraud detected in PPO

Auditor General of Pakistan (AGP) has detected embezzlements, irregularities and mismanagement of more than Rs 20.7 billion in Pakistan Post Office (PPO) department. According to Audit Report-2011-12, the AGP observed 16 cases of irregular expenditure/pay
Published 03 Jul, 2012 12:00am