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Print - 2012-12-08
LME official prices

LME official prices

The following were Thursday official prices.

Published 08 Dec, 2012 12:00am
Goods transporters' strike: DAP shortage may badly hit wheat output

Goods transporters' strike: DAP shortage may badly hit wheat output

Wheat sowing may suffer as goods transporters' strike has badly disturbed the supply of fertiliser in the country. According to market sources the application of Di ammonium phosphate (DAP) is highly recommended at the time of sowing and the sowing of whe
Published 08 Dec, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 08 Dec, 2012 12:00am
Sindh Assembly passes four resolutions against Kalabagh Dam

Sindh Assembly passes four resolutions against Kalabagh Dam

The Sindh Assembly on Friday passed four resolutions unanimously against the construction of Kalabagh Dam, as lawmakers from both sides of the political aisle asked the federal government to shun the controversial project permanently that poses threats to
Published 08 Dec, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 04, 2012.

Published 08 Dec, 2012 12:00am
Sindh Assembly passes four resolutions against Kalabagh Dam

Sindh Assembly passes four resolutions against Kalabagh Dam

The Sindh Assembly on Friday passed four resolutions unanimously against the construction of Kalabagh Dam, as lawmakers from both sides of the political aisle asked the federal government to shun the controversial project permanently that poses threats to
Published 08 Dec, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 04, 2012.

Published 08 Dec, 2012 12:00am
Sindh Assembly passes four resolutions against Kalabagh Dam

Sindh Assembly passes four resolutions against Kalabagh Dam

The Sindh Assembly on Friday passed four resolutions unanimously against the construction of Kalabagh Dam, as lawmakers from both sides of the political aisle asked the federal government to shun the controversial project permanently that poses threats to
Published 08 Dec, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 04, 2012.

Published 08 Dec, 2012 12:00am
Procurement of iron ore: PSM team to visit Iran next week

Procurement of iron ore: PSM team to visit Iran next week

A four-member delegation of Pakistan Steel Mills (PSM) is reportedly visiting Iran from next week to work out modalities of procurement of iron ore as part of a barter deal that includes sale of wheat to Iran, well informed sources told from Karachi. The
Published 08 Dec, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 07, 2012).

Published 08 Dec, 2012 12:00am
Procurement of iron ore: PSM team to visit Iran next week

Procurement of iron ore: PSM team to visit Iran next week

A four-member delegation of Pakistan Steel Mills (PSM) is reportedly visiting Iran from next week to work out modalities of procurement of iron ore as part of a barter deal that includes sale of wheat to Iran, well informed sources told from Karachi. The
Published 08 Dec, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 07, 2012).

Published 08 Dec, 2012 12:00am
Procurement of iron ore: PSM team to visit Iran next week

Procurement of iron ore: PSM team to visit Iran next week

A four-member delegation of Pakistan Steel Mills (PSM) is reportedly visiting Iran from next week to work out modalities of procurement of iron ore as part of a barter deal that includes sale of wheat to Iran, well informed sources told from Karachi. The
Published 08 Dec, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (December 07, 2012).

Published 08 Dec, 2012 12:00am
Petitions filed against Rehman Malik

Petitions filed against Rehman Malik

Three petitions were filed on Friday against Interior Minister Rehman Malik in the Supreme Court of Pakistan regarding his ministership, honorary degree and dual nationality. The petitions filed by social worker Mahmood Akhter Naqvi in the SC Karachi regi
Published 08 Dec, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 07, 2012).

Published 08 Dec, 2012 12:00am
Petitions filed against Rehman Malik

Petitions filed against Rehman Malik

Three petitions were filed on Friday against Interior Minister Rehman Malik in the Supreme Court of Pakistan regarding his ministership, honorary degree and dual nationality. The petitions filed by social worker Mahmood Akhter Naqvi in the SC Karachi regi
Published 08 Dec, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 07, 2012).

Published 08 Dec, 2012 12:00am
Jam Yousuf made minister for privatisation

Jam Yousuf made minister for privatisation

Prime Minister Raja Pervez Ashraf has appointed Jam Muhammad Yousuf as the Federal Minister for Privatisation. Jam has previously served as the Chief Minister of Balochistan during 2002-2007. Mir Jam Mohammad Yousuf was born in 1954 at Lasbela. He belongs
Published 08 Dec, 2012 12:00am
Jam Yousuf made minister for privatisation

Jam Yousuf made minister for privatisation

Prime Minister Raja Pervez Ashraf has appointed Jam Muhammad Yousuf as the Federal Minister for Privatisation. Jam has previously served as the Chief Minister of Balochistan during 2002-2007. Mir Jam Mohammad Yousuf was born in 1954 at Lasbela. He belongs
Published 08 Dec, 2012 12:00am
PSM clarification

PSM clarification

Apropos a news item carried by Business Recorder on 4-12-2012, PSM spokesman clarifies that all purchases from the first tranche of bailout package are according to the ECC & CCOR instructions, and procurement of two ships of coal does not create a
Published 08 Dec, 2012 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

Bearish trend prevailed on the money market on Friday as the rupee is near to close with the barrier of 97 mark against the dollar on the interbank market in process of high demand for the US currency, they added.
Published 08 Dec, 2012 12:00am
PSM clarification

PSM clarification

Apropos a news item carried by Business Recorder on 4-12-2012, PSM spokesman clarifies that all purchases from the first tranche of bailout package are according to the ECC & CCOR instructions, and procurement of two ships of coal does not create a
Published 08 Dec, 2012 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

Bearish trend prevailed on the money market on Friday as the rupee is near to close with the barrier of 97 mark against the dollar on the interbank market in process of high demand for the US currency, they added.
Published 08 Dec, 2012 12:00am
PSM clarification

PSM clarification

Apropos a news item carried by Business Recorder on 4-12-2012, PSM spokesman clarifies that all purchases from the first tranche of bailout package are according to the ECC & CCOR instructions, and procurement of two ships of coal does not create a
Published 08 Dec, 2012 12:00am
First quarter NPLs down by Rs 18 billion

First quarter NPLs down by Rs 18 billion

After a considerable period, Non Performing Loans (NPLs) of the banking industry have witnessed downward trend falling by some Rs 18 billion during the first quarter of the current fiscal year. The NPLs of the banking industry were on higher side for last
Published 08 Dec, 2012 12:00am
First quarter NPLs down by Rs 18 billion

First quarter NPLs down by Rs 18 billion

After a considerable period, Non Performing Loans (NPLs) of the banking industry have witnessed downward trend falling by some Rs 18 billion during the first quarter of the current fiscal year. The NPLs of the banking industry were on higher side for last
Published 08 Dec, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 07, 2012).

Published 08 Dec, 2012 12:00am
First quarter NPLs down by Rs 18 billion

First quarter NPLs down by Rs 18 billion

After a considerable period, Non Performing Loans (NPLs) of the banking industry have witnessed downward trend falling by some Rs 18 billion during the first quarter of the current fiscal year. The NPLs of the banking industry were on higher side for last
Published 08 Dec, 2012 12:00am
TTP recruits via Facebook

TTP recruits via Facebook

The Pakistani Taliban has set up a page on Facebook to recruit enthusiasts to write for a quarterly magazine and to edit video, a spokesman confirmed Friday. The Umar Media TTP page, which has more than 270 likes, appears to have been created in September
Published 08 Dec, 2012 12:00am
TTP recruits via Facebook

TTP recruits via Facebook

The Pakistani Taliban has set up a page on Facebook to recruit enthusiasts to write for a quarterly magazine and to edit video, a spokesman confirmed Friday. The Umar Media TTP page, which has more than 270 likes, appears to have been created in September
Published 08 Dec, 2012 12:00am
SHC orders police to initiate action against Zulfiqar Mirza

SHC orders police to initiate action against Zulfiqar Mirza

Sindh High Court (SHC) on Friday directed police to take action against former Sindh Home Minister Dr Zulfiqar Mirza, if any crime is proved to the effect to validate his culpability in a blasphemy case. Former Sindh MPA Rauf Siddiqui moved the court agai
Published 08 Dec, 2012 12:00am
SHC orders police to initiate action against Zulfiqar Mirza

SHC orders police to initiate action against Zulfiqar Mirza

Sindh High Court (SHC) on Friday directed police to take action against former Sindh Home Minister Dr Zulfiqar Mirza, if any crime is proved to the effect to validate his culpability in a blasphemy case. Former Sindh MPA Rauf Siddiqui moved the court agai
Published 08 Dec, 2012 12:00am
Appeals of GHQ attack convicts rejected

Appeals of GHQ attack convicts rejected

A military court on Friday has rejected the appeals of seven convicts involved in the GHQ terror attack. According to a report, the military appellate court upheld the verdict of a military court which earlier handed down death penalty to Aqeel aka Dr Usm
Published 08 Dec, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Dec, 2012 12:00am
Appeals of GHQ attack convicts rejected

Appeals of GHQ attack convicts rejected

A military court on Friday has rejected the appeals of seven convicts involved in the GHQ terror attack. According to a report, the military appellate court upheld the verdict of a military court which earlier handed down death penalty to Aqeel aka Dr Usm
Published 08 Dec, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Dec, 2012 12:00am
Commanders discuss situation

Commanders discuss situation

The 155th Corps Commanders' Conference held at General Headquarters on Friday took a comprehensive overview of the routine professional matters aimed at enhancing proficiency of the army. Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani chaired the
Published 08 Dec, 2012 12:00am
Commanders discuss situation

Commanders discuss situation

The 155th Corps Commanders' Conference held at General Headquarters on Friday took a comprehensive overview of the routine professional matters aimed at enhancing proficiency of the army. Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani chaired the
Published 08 Dec, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Dec, 2012 12:00am
Crisis-hit developed countries see wages fall: ILO

Crisis-hit developed countries see wages fall: ILO

A sluggish global economy hit world wage growth hard last year, taking an especially harsh toll on workers in developed countries, who saw their salaries shrink, the International Labour Organisation said Friday. "The global crisis has had significant neg
Published 08 Dec, 2012 12:00am
Crisis-hit developed countries see wages fall: ILO

Crisis-hit developed countries see wages fall: ILO

A sluggish global economy hit world wage growth hard last year, taking an especially harsh toll on workers in developed countries, who saw their salaries shrink, the International Labour Organisation said Friday. "The global crisis has had significant neg
Published 08 Dec, 2012 12:00am
Crisis-hit developed countries see wages fall: ILO

Crisis-hit developed countries see wages fall: ILO

A sluggish global economy hit world wage growth hard last year, taking an especially harsh toll on workers in developed countries, who saw their salaries shrink, the International Labour Organisation said Friday. "The global crisis has had significant neg
Published 08 Dec, 2012 12:00am
'Suddle Commission' dissolved

'Suddle Commission' dissolved

The Supreme Court on Friday dissolved the one-man 'Suddle Commission' after it presented its report over the alleged business deal of Rs 342 million between business tycoon Malik Riaz and son of Chief Justice of Pakistan, Dr Arsalan Iftikhar. A two-judge
Published 08 Dec, 2012 12:00am
'Suddle Commission' dissolved

'Suddle Commission' dissolved

The Supreme Court on Friday dissolved the one-man 'Suddle Commission' after it presented its report over the alleged business deal of Rs 342 million between business tycoon Malik Riaz and son of Chief Justice of Pakistan, Dr Arsalan Iftikhar. A two-judge
Published 08 Dec, 2012 12:00am
BRIndex30 loses 58.29 points

BRIndex30 loses 58.29 points

On Friday, BRIndex30 opened at 11,467.35. It touched an intraday high of 11,551.43 and an intraday low of 11,389.75 and closed at 11,409.06 which was -58.29 points or -0.51 percent lower than previous close. Total volume was 193,996,700, which was 61.9 pe
Published 08 Dec, 2012 12:00am
BRIndex30 loses 58.29 points

BRIndex30 loses 58.29 points

On Friday, BRIndex30 opened at 11,467.35. It touched an intraday high of 11,551.43 and an intraday low of 11,389.75 and closed at 11,409.06 which was -58.29 points or -0.51 percent lower than previous close. Total volume was 193,996,700, which was 61.9 pe
Published 08 Dec, 2012 12:00am
Index loses 16.64 points

Index loses 16.64 points

The benchmark KSE-100 on Friday lost 16.64 points to close at 16,808 points. It also hit ever highest level of 16,903.98 points in intraday trading and a low level of 16,787.89 points. The Karachi stock exchange, on the last trading day, hit a record high
Published 08 Dec, 2012 12:00am
Index loses 16.64 points

Index loses 16.64 points

The benchmark KSE-100 on Friday lost 16.64 points to close at 16,808 points. It also hit ever highest level of 16,903.98 points in intraday trading and a low level of 16,787.89 points. The Karachi stock exchange, on the last trading day, hit a record high
Published 08 Dec, 2012 12:00am
Index loses 16.64 points

Index loses 16.64 points

The benchmark KSE-100 on Friday lost 16.64 points to close at 16,808 points. It also hit ever highest level of 16,903.98 points in intraday trading and a low level of 16,787.89 points. The Karachi stock exchange, on the last trading day, hit a record high
Published 08 Dec, 2012 12:00am
Reko Diq case: CAA asked to furnish record of airstrip

Reko Diq case: CAA asked to furnish record of airstrip

The Supreme Court on Friday directed Civil Aviation Authority (CAA) to provide the record of an airstrip approved for Tethyan Copper Company (TCC) in the vicinity of Reko Diq. A three-judge apex court bench comprising Chief Justice Iftikhar Muhammad Chaud
Published 08 Dec, 2012 12:00am
Reko Diq case: CAA asked to furnish record of airstrip

Reko Diq case: CAA asked to furnish record of airstrip

The Supreme Court on Friday directed Civil Aviation Authority (CAA) to provide the record of an airstrip approved for Tethyan Copper Company (TCC) in the vicinity of Reko Diq. A three-judge apex court bench comprising Chief Justice Iftikhar Muhammad Chaud
Published 08 Dec, 2012 12:00am
Reko Diq case: CAA asked to furnish record of airstrip

Reko Diq case: CAA asked to furnish record of airstrip

The Supreme Court on Friday directed Civil Aviation Authority (CAA) to provide the record of an airstrip approved for Tethyan Copper Company (TCC) in the vicinity of Reko Diq. A three-judge apex court bench comprising Chief Justice Iftikhar Muhammad Chaud
Published 08 Dec, 2012 12:00am
FBR plans to impose ST on import of iron, steel scrap

FBR plans to impose ST on import of iron, steel scrap

The Federal Board of Revenue (FBR) is planning to impose sales tax on the import of iron and steel scrap, it is reliably learnt here on Friday. Sources told Business Recorder that the FBR has proposed imposition of 5 percent sales tax on the value
Published 08 Dec, 2012 12:00am
FBR plans to impose ST on import of iron, steel scrap

FBR plans to impose ST on import of iron, steel scrap

The Federal Board of Revenue (FBR) is planning to impose sales tax on the import of iron and steel scrap, it is reliably learnt here on Friday. Sources told Business Recorder that the FBR has proposed imposition of 5 percent sales tax on the value
Published 08 Dec, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 07, 2012).

Published 08 Dec, 2012 12:00am
FBR plans to impose ST on import of iron, steel scrap

FBR plans to impose ST on import of iron, steel scrap

The Federal Board of Revenue (FBR) is planning to impose sales tax on the import of iron and steel scrap, it is reliably learnt here on Friday. Sources told Business Recorder that the FBR has proposed imposition of 5 percent sales tax on the value
Published 08 Dec, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 07, 2012).

Published 08 Dec, 2012 12:00am
ADB pares back growth estimates for Asia

ADB pares back growth estimates for Asia

The Asian Development Bank on Friday trimmed the region''''s growth forecasts for 2012 and 2013 amid "uncertainty" in Europe and the United States, and a poor Indian economy. The region of Developing Asia, which excludes Japan, was set for growth of 6.0 p
Published 08 Dec, 2012 12:00am