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Print - 2012-08-14
US MIDDAY: copper down

US MIDDAY: copper down

COMEX copper for September delivery fell 3.90 cents to settle at $3.3535 per lb, after dealing between $3.3420 and $3.4020 on Monday. COMEX volume stood near 55,000 lots in late New York trade, more than 20 percent above the 30-day norm, according to prel
Published 14 Aug, 2012 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell on Monday as lingering uncertainty about whether central banks will take further steps to boost their economies prompted investors to take profits after the previous week's gain. The metal, a traditional inflation hedge, fell after data showed J
Published 14 Aug, 2012 12:00am
World powers weigh emergency meeting on food prices

World powers weigh emergency meeting on food prices

Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to tackle soaring grain prices caused by the worst US drought in more than half a century and poor crops from the Black Sea bread basket. France, the United States and
Published 14 Aug, 2012 12:00am
Greece sinks again, more cuts to save bailout in store

Greece sinks again, more cuts to save bailout in store

Greece''s economy shrank 6.2 percent on an annual basis in the second quarter, a slump that is expected to persist as the government scrambles to nail down billions in additional cuts to keep international bailout funds flowing. Currently in its fifth con
Published 14 Aug, 2012 12:00am
Greece sinks again, more cuts to save bailout in store

Greece sinks again, more cuts to save bailout in store

Greece's economy shrank 6.2 percent on an annual basis in the second quarter, a slump that is expected to persist as the government scrambles to nail down billions in additional cuts to keep international bailout funds flowing. Currently in its fifth cons
Published 14 Aug, 2012 12:00am
Greece sinks again, more cuts to save bailout in store

Greece sinks again, more cuts to save bailout in store

Greece's economy shrank 6.2 percent on an annual basis in the second quarter, a slump that is expected to persist as the government scrambles to nail down billions in additional cuts to keep international bailout funds flowing. Currently in its fifth cons
Published 14 Aug, 2012 12:00am
Government decides to wind up Equity Participation Fund

Government decides to wind up Equity Participation Fund

The government has decided to wind up Equity Participation Fund (EPF) meant to promote and accelerate growth of private sector small and medium industrial entrepreneurs, sources close to Secretary Finance told Business Recorder. The EFP was establi
Published 14 Aug, 2012 12:00am
Government decides to wind up Equity Participation Fund

Government decides to wind up Equity Participation Fund

The government has decided to wind up Equity Participation Fund (EPF) meant to promote and accelerate growth of private sector small and medium industrial entrepreneurs, sources close to Secretary Finance told Business Recorder. The EFP was establi
Published 14 Aug, 2012 12:00am
Government decides to wind up Equity Participation Fund

Government decides to wind up Equity Participation Fund

The government has decided to wind up Equity Participation Fund (EPF) meant to promote and accelerate growth of private sector small and medium industrial entrepreneurs, sources close to Secretary Finance told Business Recorder. The EFP was establi
Published 14 Aug, 2012 12:00am
Government decides to wind up Equity Participation Fund

Government decides to wind up Equity Participation Fund

The government has decided to wind up Equity Participation Fund (EPF) meant to promote and accelerate growth of private sector small and medium industrial entrepreneurs, sources close to Secretary Finance told Business Recorder. The EFP was establi
Published 14 Aug, 2012 12:00am
Syria to be suspended from OIC: diplomat

Syria to be suspended from OIC: diplomat

Syria will be suspended from the Organisation of Islamic Co-operation on Wednesday for its violent suppression of a 17-month uprising against President Bashar al-Assad, a diplomat said on Monday ahead of an emergency OIC summit in Makkah. "The resolution
Published 14 Aug, 2012 12:00am
Rs 35 billion surplus budget of NLC approved by Hafeez

Rs 35 billion surplus budget of NLC approved by Hafeez

Finance Minister Dr Abdul Hafeez Sheikh on Monday approved Rs 35 billion surplus budget of the National Logistic Cell (NLC) for next fiscal year. Sources said the Finance Minister, also heading National Logistic Board (NLB), was given a detailed presentat
Published 14 Aug, 2012 12:00am
Rs 35 billion surplus budget of NLC approved by Hafeez

Rs 35 billion surplus budget of NLC approved by Hafeez

Finance Minister Dr Abdul Hafeez Sheikh on Monday approved Rs 35 billion surplus budget of the National Logistic Cell (NLC) for next fiscal year. Sources said the Finance Minister, also heading National Logistic Board (NLB), was given a detailed presentat
Published 14 Aug, 2012 12:00am
Rs 35 billion surplus budget of NLC approved by Hafeez

Rs 35 billion surplus budget of NLC approved by Hafeez

Finance Minister Dr Abdul Hafeez Sheikh on Monday approved Rs 35 billion surplus budget of the National Logistic Cell (NLC) for next fiscal year. Sources said the Finance Minister, also heading National Logistic Board (NLB), was given a detailed presentat
Published 14 Aug, 2012 12:00am
Bulgarian zinc smelter goes on public sale

Bulgarian zinc smelter goes on public sale

The zinc production units of OTZK, once Bulgaria's second largest lead and zinc smelter, will be put up for sale after the smelter failed to pay its debts and its workers, a private enforcement agent said on Monday. The smelter, which stopped its zinc pro
Published 14 Aug, 2012 12:00am
Bulgarian zinc smelter goes on public sale

Bulgarian zinc smelter goes on public sale

The zinc production units of OTZK, once Bulgaria's second largest lead and zinc smelter, will be put up for sale after the smelter failed to pay its debts and its workers, a private enforcement agent said on Monday. The smelter, which stopped its zinc pro
Published 14 Aug, 2012 12:00am
ISE index surges by 78.5 points

ISE index surges by 78.5 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 78.5 points as the ISE Ten Index moved from 2931.22 t
Published 14 Aug, 2012 12:00am
ISE index surges by 78.5 points

ISE index surges by 78.5 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 78.5 points as the ISE Ten Index moved from 2931.22 t
Published 14 Aug, 2012 12:00am
LSE index up 153.65 points

LSE index up 153.65 points

Equities registered gains across the board at the Lahore Stock Exchange (LSE) amid ascending transaction volume on Monday. The LSE-25 index moved up to 3767.77 points against 3614.12 points of last Friday, showing an increment of 153.65 points, while tran
Published 14 Aug, 2012 12:00am
LSE index up 153.65 points

LSE index up 153.65 points

Equities registered gains across the board at the Lahore Stock Exchange (LSE) amid ascending transaction volume on Monday. The LSE-25 index moved up to 3767.77 points against 3614.12 points of last Friday, showing an increment of 153.65 points, while tran
Published 14 Aug, 2012 12:00am
Prime Minister's new transfer policy: top level bureaucracy reshuffled

Prime Minister's new transfer policy: top level bureaucracy reshuffled

The top level bureaucracy has been reshuffled after Prime Minister Raja Pervez Ashraf approved a new transfer policy relating to the deployment of officers from federal bureaucracy in Balochistan. According to a statement issued by the PM House, those off
Published 14 Aug, 2012 12:00am
Prime Minister's new transfer policy: top level bureaucracy reshuffled

Prime Minister's new transfer policy: top level bureaucracy reshuffled

The top level bureaucracy has been reshuffled after Prime Minister Raja Pervez Ashraf approved a new transfer policy relating to the deployment of officers from federal bureaucracy in Balochistan. According to a statement issued by the PM House, those off
Published 14 Aug, 2012 12:00am
BRIndex30 up 159.16 points

BRIndex30 up 159.16 points

On Mon-day, BRIndex30 opened at 10,170.22 and remained positive throughout the trading session. It touched an intraday high of 10,383.02 and an intraday low of 10,289.41 and closed at 10,329.38 which was 159.16 points or 1.56 percent higher than previous
Published 14 Aug, 2012 12:00am
BRIndex30 up 159.16 points

BRIndex30 up 159.16 points

On Mon-day, BRIndex30 opened at 10,170.22 and remained positive throughout the trading session. It touched an intraday high of 10,383.02 and an intraday low of 10,289.41 and closed at 10,329.38 which was 159.16 points or 1.56 percent higher than previous
Published 14 Aug, 2012 12:00am
Index gains 150.48 points

Index gains 150.48 points

A surprise cut in interest rate and healthy corporate results on Monday invited aggressive buying on the Karachi share market and the benchmark KSE-100 index surged by 150.48 points to close at 14,911.97 points. Fresh buying was seen mainly by local retai
Published 14 Aug, 2012 12:00am
Index gains 150.48 points

Index gains 150.48 points

A surprise cut in interest rate and healthy corporate results on Monday invited aggressive buying on the Karachi share market and the benchmark KSE-100 index surged by 150.48 points to close at 14,911.97 points. Fresh buying was seen mainly by local retai
Published 14 Aug, 2012 12:00am
Index gains 150.48 points

Index gains 150.48 points

A surprise cut in interest rate and healthy corporate results on Monday invited aggressive buying on the Karachi share market and the benchmark KSE-100 index surged by 150.48 points to close at 14,911.97 points. Fresh buying was seen mainly by local retai
Published 14 Aug, 2012 12:00am
Diamer-Bhasha Dam: Pakistan likely to seek Chinese financing

Diamer-Bhasha Dam: Pakistan likely to seek Chinese financing

Pakistan is likely to seek Chinese financing for 4500 MW Diamer-Bhasha dam after the two key lenders ie World Bank and Asian Bank Development (ADB) sent unsupportive signals, well informed sources told Business Recorder. This was the crux of a meet
Published 14 Aug, 2012 12:00am
Diamer-Bhasha Dam: Pakistan likely to seek Chinese financing

Diamer-Bhasha Dam: Pakistan likely to seek Chinese financing

Pakistan is likely to seek Chinese financing for 4500 MW Diamer-Bhasha dam after the two key lenders ie World Bank and Asian Bank Development (ADB) sent unsupportive signals, well informed sources told Business Recorder. This was the crux of a meet
Published 14 Aug, 2012 12:00am
Diamer-Bhasha Dam: Pakistan likely to seek Chinese financing

Diamer-Bhasha Dam: Pakistan likely to seek Chinese financing

Pakistan is likely to seek Chinese financing for 4500 MW Diamer-Bhasha dam after the two key lenders ie World Bank and Asian Bank Development (ADB) sent unsupportive signals, well informed sources told Business Recorder. This was the crux of a meet
Published 14 Aug, 2012 12:00am
Discos'' defaulters: government decides to launch special recovery drive

Discos'' defaulters: government decides to launch special recovery drive

The government has decided to launch special recovery drive against the defaulters of electricity distribution companies (Dicos) after it got a green signal from Awan-e-Sadar. The decision was taken at a review meeting of Discos held on Monday with Ahmed
Published 14 Aug, 2012 12:00am
Discos' defaulters: government decides to launch special recovery drive

Discos' defaulters: government decides to launch special recovery drive

The government has decided to launch special recovery drive against the defaulters of electricity distribution companies (Dicos) after it got a green signal from Awan-e-Sadar. The decision was taken at a review meeting of Discos held on Monday with Ahmed
Published 14 Aug, 2012 12:00am
Discos' defaulters: government decides to launch special recovery drive

Discos' defaulters: government decides to launch special recovery drive

The government has decided to launch special recovery drive against the defaulters of electricity distribution companies (Dicos) after it got a green signal from Awan-e-Sadar. The decision was taken at a review meeting of Discos held on Monday with Ahmed
Published 14 Aug, 2012 12:00am
Holiday notice

Holiday notice

The offices of Business Recorder will remain closed today, Tuesday, (August 14), on account of Independence Day. Arrangements have, however, been made to bring out the newspaper and Internet edition tomorrow, Wednesday (August 15), as usual.
Published 14 Aug, 2012 12:00am
Holiday notice

Holiday notice

The offices of Business Recorder will remain closed today, Tuesday, (August 14), on account of Independence Day. Arrangements have, however, been made to bring out the newspaper and Internet edition tomorrow, Wednesday (August 15), as usual.
Published 14 Aug, 2012 12:00am
Nato supplies: no transit fee being charged: Hafeez

Nato supplies: no transit fee being charged: Hafeez

Pakistan is not charging any transit fee for supplies to Nato and ISAF forces in Afghanistan through its land routes as per previous agreement. "The 10-year old agreement exists for transit to Nato containers taking cargo for the US and Nato forces in Afg
Published 14 Aug, 2012 12:00am
Nato supplies: no transit fee being charged: Hafeez

Nato supplies: no transit fee being charged: Hafeez

Pakistan is not charging any transit fee for supplies to Nato and ISAF forces in Afghanistan through its land routes as per previous agreement. "The 10-year old agreement exists for transit to Nato containers taking cargo for the US and Nato forces in Afg
Published 14 Aug, 2012 12:00am
Nato supplies: no transit fee being charged: Hafeez

Nato supplies: no transit fee being charged: Hafeez

Pakistan is not charging any transit fee for supplies to Nato and ISAF forces in Afghanistan through its land routes as per previous agreement. "The 10-year old agreement exists for transit to Nato containers taking cargo for the US and Nato forces in Afg
Published 14 Aug, 2012 12:00am
No raise in POL products'' prices

No raise in POL products'' prices

The government has decided not to enhance the prices of the Petroleum, Oil and Lubricant products (POL) for next fortnight starting August 16-31 owing to Eid-ul-Fitr. Dr Asim Hussain, Prime Minister''s Advisor on Petroleum and Natural Resources, made this
Published 14 Aug, 2012 12:00am
No raise in POL products' prices

No raise in POL products' prices

The government has decided not to enhance the prices of the Petroleum, Oil and Lubricant products (POL) for next fortnight starting August 16-31 owing to Eid-ul-Fitr. Dr Asim Hussain, Prime Minister's Advisor on Petroleum and Natural Resources, made this
Published 14 Aug, 2012 12:00am
No raise in POL products' prices

No raise in POL products' prices

The government has decided not to enhance the prices of the Petroleum, Oil and Lubricant products (POL) for next fortnight starting August 16-31 owing to Eid-ul-Fitr. Dr Asim Hussain, Prime Minister's Advisor on Petroleum and Natural Resources, made this
Published 14 Aug, 2012 12:00am
Tribal areas to have LG system

Tribal areas to have LG system

On the eve of 66th Independence Day of Pakistan, President Asif Ali Zardari has announced introduction of local government system in tribal areas in the coming year as yet another step forward for bringing the people of tribal areas into the mainstream of
Published 14 Aug, 2012 12:00am
Tribal areas to have LG system

Tribal areas to have LG system

On the eve of 66th Independence Day of Pakistan, President Asif Ali Zardari has announced introduction of local government system in tribal areas in the coming year as yet another step forward for bringing the people of tribal areas into the mainstream of
Published 14 Aug, 2012 12:00am
The Weather

The Weather

The weather report on Monday (August 13, 2012) and the forecast for Tuesday (August 14, 2012).

Published 14 Aug, 2012 12:00am
'Political choices need to be made through ballot'

'Political choices need to be made through ballot'

President Asif Ali Zardari while calling for elimination of all forms of bigotry, extremism and militancy stressed strengthening of democratic system and urged that political choices be made by ballot, and not imposed through bullet. In a message on the I
Published 14 Aug, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
'Political choices need to be made through ballot'

'Political choices need to be made through ballot'

President Asif Ali Zardari while calling for elimination of all forms of bigotry, extremism and militancy stressed strengthening of democratic system and urged that political choices be made by ballot, and not imposed through bullet. In a message on the I
Published 14 Aug, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 14 Aug, 2012 12:00am
Pakistan turns 65

Pakistan turns 65

The 66th Independence Day of Pakistan is being celebrated today (Tuesday) with great enthusiasm and renewed commitment to make Pakistan strong, progressive and prosperous country in accordance with the vision of Quaid-e-Azam Muhammad Ali Jinnah and great
Published 14 Aug, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 14 Aug, 2012 12:00am
Pakistan turns 65

Pakistan turns 65

The 66th Independence Day of Pakistan is being celebrated today (Tuesday) with great enthusiasm and renewed commitment to make Pakistan strong, progressive and prosperous country in accordance with the vision of Quaid-e-Azam Muhammad Ali Jinnah and great
Published 14 Aug, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
OIC agrees to suspend Syria

OIC agrees to suspend Syria

Foreign ministers at a meeting of the Organisation of Islamic Cooperation (OIC) agreed on Monday to suspend Syria from the international body, an OIC source said, further isolating President Bashar al-Assad. "The session just ended. The ministers adopted
Published 14 Aug, 2012 12:00am
OIC agrees to suspend Syria

OIC agrees to suspend Syria

Foreign ministers at a meeting of the Organisation of Islamic Cooperation (OIC) agreed on Monday to suspend Syria from the international body, an OIC source said, further isolating President Bashar al-Assad. "The session just ended. The ministers adopted
Published 14 Aug, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (August 13, 2012).

Published 14 Aug, 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 (August 13, 2012).

Published 14 Aug, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (August 13, 2012).

Published 14 Aug, 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 (August 13, 2012).

Published 14 Aug, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Strong demand pushed dollar higher against the rupee on the currency market on Monday, dealers said. The dollar gained strength on rising demand ahead of bank holiday on account of 66th Independence Day of Pakistan on Tuesday, money experts said.
Published 14 Aug, 2012 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Strong demand pushed dollar higher against the rupee on the currency market on Monday, dealers said. The dollar gained strength on rising demand ahead of bank holiday on account of 66th Independence Day of Pakistan on Tuesday, money experts said.
Published 14 Aug, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Aug, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Aug, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 14 Aug, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Aug, 2012 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (August 13, 2012).

Published 14 Aug, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (August 13, 2012).
Published 14 Aug, 2012 12:00am