On Friday, BRIndex30 opened at 10,598.96. It touched an intraday high of 10,668 and an intraday low of 10,598.11 and closed at 10,647.97, which was 49.01 points or 0.46 percent higher than previous close. Total volume was 62,050,700, which was 54.46 perce
On Friday, BRIndex30 opened at 10,598.96. It touched an intraday high of 10,668 and an intraday low of 10,598.11 and closed at 10,647.97, which was 49.01 points or 0.46 percent higher than previous close. Total volume was 62,050,700, which was 54.46 perce
A bullish trend was witnessed on the Karachi share market on Friday on the back of aggressive buying by both local and foreign investors and the benchmark KSE-100 index surged by 87.23 points to close at 15,444.82 points. The market opened on strong posit
A bullish trend was witnessed on the Karachi share market on Friday on the back of aggressive buying by both local and foreign investors and the benchmark KSE-100 index surged by 87.23 points to close at 15,444.82 points. The market opened on strong posit
A bullish trend was witnessed on the Karachi share market on Friday on the back of aggressive buying by both local and foreign investors and the benchmark KSE-100 index surged by 87.23 points to close at 15,444.82 points. The market opened on strong posit
Pakistan on Friday reiterated its stance on US drone strikes, terming these strikes illegal, counterproductive, in contravention of international law and a violation of the country's sovereignty. Responding to a report carried by a US-based newspaper abou
Pakistan on Friday reiterated its stance on US drone strikes, terming these strikes illegal, counterproductive, in contravention of international law and a violation of the country's sovereignty. Responding to a report carried by a US-based newspaper abou
A planned meeting between US and Pakistani military chiefs was postponed this week due to a wave of violent anti-American protests, the top-ranking US officer, General Martin Dempsey, said Thursday. Dempsey revealed at a news conference that he had schedu
A planned meeting between US and Pakistani military chiefs was postponed this week due to a wave of violent anti-American protests, the top-ranking US officer, General Martin Dempsey, said Thursday. Dempsey revealed at a news conference that he had schedu
If India succeeds in building the Kishanganga dam on River Jhelum, Pakistan is likely to face 13 percent shortage of water, incurring a loss of $141 million to the national exchequer.
If India succeeds in building the Kishanganga dam on River Jhelum, Pakistan is likely to face 13 percent shortage of water, incurring a loss of $141 million to the national exchequer.
If India succeeds in building the Kishanganga dam on River Jhelum, Pakistan is likely to face 13 percent shortage of water, incurring a loss of $141 million to the national exchequer.
An Egyptian-American man behind an anti-Islam film that has stoked violent protests across the Muslim world was arrested on Thursday in California for allegedly violating his probation, and a federal judge ordered him jailed without bond. Nakoula Basseley
An Egyptian-American man behind an anti-Islam film that has stoked violent protests across the Muslim world was arrested on Thursday in California for allegedly violating his probation, and a federal judge ordered him jailed without bond. Nakoula Basseley
Based on free-float method, the benchmark KSE-100 Index would be implemented on Karachi Stock Exchange from October 15, 2012. Karachi Stock Exchange had changed the base of the benchmark KSE-100 Index from market capitalisation to free-float and the KSE B
Based on free-float method, the benchmark KSE-100 Index would be implemented on Karachi Stock Exchange from October 15, 2012. Karachi Stock Exchange had changed the base of the benchmark KSE-100 Index from market capitalisation to free-float and the KSE B
Based on free-float method, the benchmark KSE-100 Index would be implemented on Karachi Stock Exchange from October 15, 2012. Karachi Stock Exchange had changed the base of the benchmark KSE-100 Index from market capitalisation to free-float and the KSE B
Britain''s top financial watchdog delivered a 10-point plan to fix Libor but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal.
Britain's top financial watchdog delivered a 10-point plan to fix Libor but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal.
Britain's top financial watchdog delivered a 10-point plan to fix Libor but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (September 28, 2012).
Socialist President Francois Hollande unveiled higher levies on business and a 75-percent tax for the super-rich on Friday in a 2013 budget aimed at showing France has the fiscal rigour to remain at the core of the euro zone. The package aims to recoup 30
Socialist President Francois Hollande unveiled higher levies on business and a 75-percent tax for the super-rich on Friday in a 2013 budget aimed at showing France has the fiscal rigour to remain at the core of the euro zone. The package aims to recoup 30
Socialist President Francois Hollande unveiled higher levies on business and a 75-percent tax for the super-rich on Friday in a 2013 budget aimed at showing France has the fiscal rigour to remain at the core of the euro zone. The package aims to recoup 30
The US dollar''s share of known global reserves held by central banks slipped in the year''s second quarter, International Monetary Fund data showed on Friday. The greenback''s share of the roughly $5.8 trillion of known reserves was 61.9 percent in the s
The US dollar's share of known global reserves held by central banks slipped in the year's second quarter, International Monetary Fund data showed on Friday. The greenback's share of the roughly $5.8 trillion of known reserves was 61.9 percent in the seco
The US dollar's share of known global reserves held by central banks slipped in the year's second quarter, International Monetary Fund data showed on Friday. The greenback's share of the roughly $5.8 trillion of known reserves was 61.9 percent in the seco
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
The Federal Board of Revenue has directed all its wings to immediately chalk out a uniform policy to address major issues hindering smooth implementation of reforms in the tax administration. Sources told Business Recorder here on Friday that FBR M
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
The Federal Board of Revenue has directed all its wings to immediately chalk out a uniform policy to address major issues hindering smooth implementation of reforms in the tax administration. Sources told Business Recorder here on Friday that FBR M
The Federal Board of Revenue has directed all its wings to immediately chalk out a uniform policy to address major issues hindering smooth implementation of reforms in the tax administration. Sources told Business Recorder here on Friday that FBR M
The Planning Commission has informed the Senate''s sub-committee on Finance that the government allocated Rs 19.127 billion for ongoing major development projects in Balochistan.
The Planning Commission has informed the Senate's sub-committee on Finance that the government allocated Rs 19.127 billion for ongoing major development projects in Balochistan.
The Planning Commission has informed the Senate's sub-committee on Finance that the government allocated Rs 19.127 billion for ongoing major development projects in Balochistan.
In Bridge there are no second chances. Hence it pays to pause before you hurriedly play to the opening moves made by the opponents. For one needs to plan his play in a manner whereby he can extract the maximum chances in the making of his contract.
Sardar Akhtar Mengal on Friday termed his six-point formula, submitted before the Supreme Court for working out a tangible solution to the Balochistan issue, no different from the one proposed by Sheikh Mujibur Rahman, which he had made part of his electi
The choice of the most unimpressive and ordinary things to paint by Shakeel Siddiqui make his still life paintings widely popular among the art lovers. He paints his subject meticulously in microscopic detail with strong light effects and shadows, which g
Sardar Akhtar Mengal on Friday termed his six-point formula, submitted before the Supreme Court for working out a tangible solution to the Balochistan issue, no different from the one proposed by Sheikh Mujibur Rahman, which he had made part of his electi
It should have been called a day to express our anger against an anti-Islam film made in the USA by a man with a history of hate-crimes, financial fraud and attacks on Muslims. Included was rage against a French magazine which published blasphemous cartoo
The federation and intelligence agencies in their joint response filed in the Supreme Court on Friday denied all charges levelled by Sardar Akhtar Jan Mengal a day ago, including custody of missing persons, existence of 'death squads' or an ongoing milita
"Tomorrow a protest has been planned by some, so please try not to venture outdoors. It will not be safe."-People are often heard advising their offspring, friends and other relatives prior to public gatherings in the country. So, if a majority of urbanit
The federation and intelligence agencies in their joint response filed in the Supreme Court on Friday denied all charges levelled by Sardar Akhtar Jan Mengal a day ago, including custody of missing persons, existence of 'death squads' or an ongoing milita
Spot basis bids for corn and soyabeans eased at terminals along the Mississippi and Illinois rivers on Thursday, pressured by higher shipping costs on the waterways, grain merchants said. The basis for each crop was steady to firm at interior points - cor
President Asif Ali Zardari met with Afghan President Hamid Karzai here on Thursday night on the sidelines of the UN General Assembly meeting in New York and discussed bilateral relations, situation in the region and peace process.
Gold importers in India, the world's biggest consumer, stepped up purchases in small quantities ahead of major festivals as prices hovered near their lowest in three weeks, weighed by a stronger rupee. At 0842 GMT, the most-active gold for October deliver
President Asif Ali Zardari met with Afghan President Hamid Karzai here on Thursday night on the sidelines of the UN General Assembly meeting in New York and discussed bilateral relations, situation in the region and peace process.
Corn export premiums at the US Gulf Coast were lower on Thursday, pressured by weak demand as US prices were not competitive with those from South America, traders said. Corn export sales last week totalled just 400 tonnes, according to US Agriculture Dep
Prime Minister Raja Pervez Ashraf on Friday launched two landmark multi-million dollar strategic projects at the Karakorum Highway (KKH), aimed at restoring the historic road linkage with China that was severed due to the artificial Attabad lake created a
Prime Minister Raja Pervez Ashraf on Friday launched two landmark multi-million dollar strategic projects at the Karakorum Highway (KKH), aimed at restoring the historic road linkage with China that was severed due to the artificial Attabad lake created a
Indian corn futures are likely to remain steady next week, after falling on Friday, as arrivals below expectations in spot markets could support prices, traders and analysts said. "Corn in major spot markets across the country is being sold at around 1,35
Prime Minister Raja Pervez Ashraf on Friday launched two landmark multi-million dollar strategic projects at the Karakorum Highway (KKH), aimed at restoring the historic road linkage with China that was severed due to the artificial Attabad lake created a
The Karachi Port handled 87,394 tonnes of cargo comprising 53,531 tonnes of import cargo and 33,863 tonnes of export cargo including 3,126 loaded & empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 53,531 t
Key global wheat supplier Russia will not impose any grain export restrictions at all this year but some limits may be possible in 2013 if wheat exports continue on a large scale, Deputy Economy Minister Andrei Klepach said on Thursday. Klepach's comments
Spot rate resisted a sharp decline on the cotton market on Friday amid strong buying by mills, dealers said. Official spot rate managed to minimise its fall, dropping Rs 50 more to Rs 5,200, they said. In the ready business, over 18000 bales of cotton cha
ICE Canadian canola futures fell to their lowest in more than four months on Thursday before paring losses, under pressure from technical selling and lower soybean prices, traders said. Commodity funds seen whittling down net long position. Index funds st
Coffee prices in India were steady on selective buying by local traders, auctioneer J. Thomas said in statement on Friday. Arabic plantation PB and C grade coffee prices were unchanged at the auction on Thursday. Robusta parchment coffee received no enqui
In banking, as in fashion, bespoke tailoring commands a premium. As investment banks see their income fall from traditional sales of shares, their dealmakers are putting increasing importance on the higher revenues from stitching together more complex mec
In banking, as in fashion, bespoke tailoring commands a premium. As investment banks see their income fall from traditional sales of shares, their dealmakers are putting increasing importance on the higher revenues from stitching together more complex mec
Spanish banks will need a total of 59.3 billion euros ($76.3 billion) in extra capital to ride out a serious economic downturn, an independent report said on Friday, buying time for Prime Minister Mariano Rajoy who faces intense pressure to seek a bailout
Heineken NV won full control of the maker of Tiger beer in a S$7.9 billion ($6.4 billion) deal on Friday, ending a two-month battle aimed at strengthening the Dutch brewer's position in fast-growing Asian beer markets. Shareholders of Singapore conglomera
International trade arbiter the World Trade Organization on Friday appointed a panel of experts to investigate the latest in a series of disputes involving China and the United States. The procedural measure, taken by the organisation's Dispute Settlement
A Chinese shipyard has delivered the first of 12 supertankers to Iran, giving Tehran extra capacity to transport its oil to Asia as it struggles against Western sanctions, but it is unclear if the ship has the permits necessary to call at global ports.
Part-nationalised Royal Bank of Scotland has set a price for the planned stock market listing of its Direct Line insurance business which is at the lower end of analysts' expectations. RBS said on Friday that it would sell the shares at a price between 16
Part-nationalised Royal Bank of Scotland has set a price for the planned stock market listing of its Direct Line insurance business which is at the lower end of analysts' expectations. RBS said on Friday that it would sell the shares at a price between 16
US oil firm Chevron has paid a $17.5 million fine for a major spill off Rio de Janeiro state last year, Brazilian authorities said Thursday. In a brief statement, the country's National Petroleum Agency (ANP) said Chevron Brasil Upstream Frade Ltda. had p
Apple Inc Chief Executive Tim Cook apologized Friday to customers frustrated with glaring errors in its new Maps service, and, in an unusual move for the consumer giant, directed them to rival services instead, such as Google Inc's Maps. The rare apology
Russian billionaires Oleg Deripaska and Michael Cherney reached an 11th-hour settlement in a dispute over a billion dollar slice of aluminium giant RUSAL, shortly before they were due to give evidence in a drawn-out London court case. The case, which had
Research In Motion Ltd, after buying itself breathing room on Thursday by delivering stronger-than-expected quarterly results, still faces the formidable task of delivering a make-or-break line of new BlackBerry devices early next year. The more stable ca
Electronics giant Sony will invest 50 billion yen ($645 million) in scandal-tainted Olympus, the firms said Friday, as they both look to turn the page on disastrous chapters. The investment will make cash-bleeding Sony the single biggest shareholder in Ol