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Print - 2013-03-27
Return of marines to India: Italy foreign minister resigns

Return of marines to India: Italy foreign minister resigns

Italian Foreign Minister Giulio Terzi said Tuesday he was resigning from his post in protest over the return of two Italian marines to India to face murder charges. "I resign in contention with the decision to send the marines back to India. The misgiving
Published 27 Mar, 2013 12:00am
Return of marines to India: Italy foreign minister resigns

Return of marines to India: Italy foreign minister resigns

Italian Foreign Minister Giulio Terzi said Tuesday he was resigning from his post in protest over the return of two Italian marines to India to face murder charges. "I resign in contention with the decision to send the marines back to India. The misgiving
Published 27 Mar, 2013 12:00am
Busted spy cell directly linked to Iran: Saudi Arabia

Busted spy cell directly linked to Iran: Saudi Arabia

An alleged spy cell dismantled last week in Saudi Arabia had "direct links" to Iran's intelligence services, the kingdom's interior ministry said on Tuesday. "Preliminary investigations and physical evidence that has been collected as well as the defendan
Published 27 Mar, 2013 12:00am
Busted spy cell directly linked to Iran: Saudi Arabia

Busted spy cell directly linked to Iran: Saudi Arabia

An alleged spy cell dismantled last week in Saudi Arabia had "direct links" to Iran's intelligence services, the kingdom's interior ministry said on Tuesday. "Preliminary investigations and physical evidence that has been collected as well as the defendan
Published 27 Mar, 2013 12:00am
Corps Commanders' meeting today

Corps Commanders' meeting today

Chief of Army Staff General Ashfaq Parvez Kayani has summoned an important meeting of the Corps Commanders on Wednesday (today). General Kayani will chair the meeting during which key issues, including the army chief's recent meeting with US Secretary of
Published 27 Mar, 2013 12:00am
Corps Commanders' meeting today

Corps Commanders' meeting today

Chief of Army Staff General Ashfaq Parvez Kayani has summoned an important meeting of the Corps Commanders on Wednesday (today). General Kayani will chair the meeting during which key issues, including the army chief's recent meeting with US Secretary of
Published 27 Mar, 2013 12:00am
IBI share in banking industry surges to 10 percent

IBI share in banking industry surges to 10 percent

The Islamic Banking Industry (IBI) continued to post a healthy growth, touching for the first time a share of 10 percent in the banking industry at the end of the Calendar Year 2012 (CY12). With a substantial growth of 35.5 percent or Rs 185 billion, IBI
Published 27 Mar, 2013 12:00am
IBI share in banking industry surges to 10 percent

IBI share in banking industry surges to 10 percent

The Islamic Banking Industry (IBI) continued to post a healthy growth, touching for the first time a share of 10 percent in the banking industry at the end of the Calendar Year 2012 (CY12). With a substantial growth of 35.5 percent or Rs 185 billion, IBI
Published 27 Mar, 2013 12:00am
IBI share in banking industry surges to 10 percent

IBI share in banking industry surges to 10 percent

The Islamic Banking Industry (IBI) continued to post a healthy growth, touching for the first time a share of 10 percent in the banking industry at the end of the Calendar Year 2012 (CY12). With a substantial growth of 35.5 percent or Rs 185 billion, IBI
Published 27 Mar, 2013 12:00am
Najam Sethi appointed Punjab caretaker chief minister

Najam Sethi appointed Punjab caretaker chief minister

The six-member Punjab Parliamentary Committee which had earlier failed to reach agreement on the name of a caretaker chief minister finally reached on Tuesday a consensus and announced the name of Najam Sethi as the caretaker chief minister of Punjab. Set
Published 27 Mar, 2013 12:00am
Najam Sethi appointed Punjab caretaker chief minister

Najam Sethi appointed Punjab caretaker chief minister

The six-member Punjab Parliamentary Committee which had earlier failed to reach agreement on the name of a caretaker chief minister finally reached on Tuesday a consensus and announced the name of Najam Sethi as the caretaker chief minister of Punjab. Set
Published 27 Mar, 2013 12:00am
China, Brazil sign trade, currency deal before BRICS summit

China, Brazil sign trade, currency deal before BRICS summit

BRICS members China and Brazil agreed on Tuesday a swap line allowing them to trade the equivalent of up to $30 billion per year in their own currencies, moving to take almost half of their trade exchanges out of the US dollar zone.
Published 27 Mar, 2013 12:00am
China, Brazil sign trade, currency deal before BRICS summit

China, Brazil sign trade, currency deal before BRICS summit

BRICS members China and Brazil agreed on Tuesday a swap line allowing them to trade the equivalent of up to $30 billion per year in their own currencies, moving to take almost half of their trade exchanges out of the US dollar zone.
Published 27 Mar, 2013 12:00am
China, Brazil sign trade, currency deal before BRICS summit

China, Brazil sign trade, currency deal before BRICS summit

BRICS members China and Brazil agreed on Tuesday a swap line allowing them to trade the equivalent of up to $30 billion per year in their own currencies, moving to take almost half of their trade exchanges out of the US dollar zone.
Published 27 Mar, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 26, 2013).

Published 27 Mar, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 26, 2013).

Published 27 Mar, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 26, 2013).

Published 27 Mar, 2013 12:00am
MoI opens talks over auto sector roadmap

MoI opens talks over auto sector roadmap

Ministry of Industries (MoI) allegedly under pressure from Planning Commission and Ministry of Commerce has reopened negotiations with the auto sector on a five-year roadmap for the industry, sources close to CEO EDB told Business Recorder.
Published 27 Mar, 2013 12:00am
MoI opens talks over auto sector roadmap

MoI opens talks over auto sector roadmap

Ministry of Industries (MoI) allegedly under pressure from Planning Commission and Ministry of Commerce has reopened negotiations with the auto sector on a five-year roadmap for the industry, sources close to CEO EDB told Business Recorder.
Published 27 Mar, 2013 12:00am
MoI opens talks over auto sector roadmap

MoI opens talks over auto sector roadmap

Ministry of Industries (MoI) allegedly under pressure from Planning Commission and Ministry of Commerce has reopened negotiations with the auto sector on a five-year roadmap for the industry, sources close to CEO EDB told Business Recorder.
Published 27 Mar, 2013 12:00am
14 percent raise in power tariff proposed

14 percent raise in power tariff proposed

Planning Commission has proposed an increase of 14 percent in electricity tariff aimed at minimising circular debt of power sector in the current fiscal year. According to documents, Planning Commission noted that the difference between the notified tarif
Published 27 Mar, 2013 12:00am
14 percent raise in power tariff proposed

14 percent raise in power tariff proposed

Planning Commission has proposed an increase of 14 percent in electricity tariff aimed at minimising circular debt of power sector in the current fiscal year. According to documents, Planning Commission noted that the difference between the notified tarif
Published 27 Mar, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (March 26, 2013).

Published 27 Mar, 2013 12:00am
14 percent raise in power tariff proposed

14 percent raise in power tariff proposed

Planning Commission has proposed an increase of 14 percent in electricity tariff aimed at minimising circular debt of power sector in the current fiscal year. According to documents, Planning Commission noted that the difference between the notified tarif
Published 27 Mar, 2013 12:00am
Ministry says it will control loadshedding during summer

Ministry says it will control loadshedding during summer

Ministry of Water and Power on Tuesday assured the caretaker Prime Minister Mir Hazar Khan Khoso that all efforts would be made to control loadshedding during summer. In a maiden briefing to the PPP supported caretaker Prime Minister, Additional Secretary
Published 27 Mar, 2013 12:00am
Ministry says it will control loadshedding during summer

Ministry says it will control loadshedding during summer

Ministry of Water and Power on Tuesday assured the caretaker Prime Minister Mir Hazar Khan Khoso that all efforts would be made to control loadshedding during summer. In a maiden briefing to the PPP supported caretaker Prime Minister, Additional Secretary
Published 27 Mar, 2013 12:00am
Ministry says it will control loadshedding during summer

Ministry says it will control loadshedding during summer

Ministry of Water and Power on Tuesday assured the caretaker Prime Minister Mir Hazar Khan Khoso that all efforts would be made to control loadshedding during summer. In a maiden briefing to the PPP supported caretaker Prime Minister, Additional Secretary
Published 27 Mar, 2013 12:00am
Khoso lays stress on agriculture for economic recovery

Khoso lays stress on agriculture for economic recovery

Prime Minister Mir Hazar Khan Khoso was given a briefing on Tuesday by senior officials of the Finance Ministry about budget preparation, state of the economy and immediate challenges facing the country. The Prime Minister was briefed about the current ec
Published 27 Mar, 2013 12:00am
Khoso lays stress on agriculture for economic recovery

Khoso lays stress on agriculture for economic recovery

Prime Minister Mir Hazar Khan Khoso was given a briefing on Tuesday by senior officials of the Finance Ministry about budget preparation, state of the economy and immediate challenges facing the country. The Prime Minister was briefed about the current ec
Published 27 Mar, 2013 12:00am
Khoso lays stress on agriculture for economic recovery

Khoso lays stress on agriculture for economic recovery

Prime Minister Mir Hazar Khan Khoso was given a briefing on Tuesday by senior officials of the Finance Ministry about budget preparation, state of the economy and immediate challenges facing the country. The Prime Minister was briefed about the current ec
Published 27 Mar, 2013 12:00am
BRIndex30 falls 69.95 points

BRIndex30 falls 69.95 points

On Tuesday, BRIndex30 opened at 12,281.99 and remained negative throughout the trading session. It touched an intraday high of 12,281.99 and an intraday low of 12,167.09 and closed at 12,212.04 which was -69.95 points or -0.57 percent lower than previous
Published 27 Mar, 2013 12:00am
BRIndex30 falls 69.95 points

BRIndex30 falls 69.95 points

On Tuesday, BRIndex30 opened at 12,281.99 and remained negative throughout the trading session. It touched an intraday high of 12,281.99 and an intraday low of 12,167.09 and closed at 12,212.04 which was -69.95 points or -0.57 percent lower than previous
Published 27 Mar, 2013 12:00am
Bears dominate bourse

Bears dominate bourse

Karachi Stock Exchange (KSE) witnessed another bear-run session Tuesday as investors preferred profit-taking. The benchmark-100 share index lost 89.76 points to close at 17,872.15 points against 17,961.91 points Monday. Commenting on the market performanc
Published 27 Mar, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 26, 2013).

Published 27 Mar, 2013 12:00am
Bears dominate bourse

Bears dominate bourse

Karachi Stock Exchange (KSE) witnessed another bear-run session Tuesday as investors preferred profit-taking. The benchmark-100 share index lost 89.76 points to close at 17,872.15 points against 17,961.91 points Monday. Commenting on the market performanc
Published 27 Mar, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 26, 2013).
Published 27 Mar, 2013 12:00am
Bears dominate bourse

Bears dominate bourse

Karachi Stock Exchange (KSE) witnessed another bear-run session Tuesday as investors preferred profit-taking. The benchmark-100 share index lost 89.76 points to close at 17,872.15 points against 17,961.91 points Monday. Commenting on the market performanc
Published 27 Mar, 2013 12:00am
Election Outlook-II: Nawaz's prospects

Election Outlook-II: Nawaz's prospects

There's no denying that Imran Khan's bid to upset Nawaz Sharif's applecart on May 11, 2013 will, at the very least, make the election exciting. Piqued by the rising fortunes of Imran Khan's PTI, PML-N chief Nawaz Sharif has every reason to articulate his
Published 27 Mar, 2013 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 (March 26, 2013).

Published 27 Mar, 2013 12:00am
Election Outlook-II: Nawaz's prospects

Election Outlook-II: Nawaz's prospects

There's no denying that Imran Khan's bid to upset Nawaz Sharif's applecart on May 11, 2013 will, at the very least, make the election exciting. Piqued by the rising fortunes of Imran Khan's PTI, PML-N chief Nawaz Sharif has every reason to articulate his
Published 27 Mar, 2013 12:00am
No bar on carrying out delimitation: official

No bar on carrying out delimitation: official

The Election Commission of Pakistan (ECP) is authorised to hold delimitation in any constituency at any time if it deems necessary, Secretary ECP Ishtiaq Ahmed Khan said on Tuesday. He was replying to questions of media persons outside the Supreme Court b
Published 27 Mar, 2013 12:00am
No bar on carrying out delimitation: official

No bar on carrying out delimitation: official

The Election Commission of Pakistan (ECP) is authorised to hold delimitation in any constituency at any time if it deems necessary, Secretary ECP Ishtiaq Ahmed Khan said on Tuesday. He was replying to questions of media persons outside the Supreme Court b
Published 27 Mar, 2013 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 (March 26, 2013).

Published 27 Mar, 2013 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 (March 26, 2013).

Published 27 Mar, 2013 12:00am
49,000 casualties took place since 9/11, Supreme Court told

49,000 casualties took place since 9/11, Supreme Court told

The Supreme Court was informed on Tuesday that as many as 49,000 civilian and military casualties took place in the fight against terrorism in tribal areas of Pakistan after 9/11. A three-judge bench led by Chief Justice of Pakistan Iftikhar Muhammad Chau
Published 27 Mar, 2013 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 (March 26, 2013).

Published 27 Mar, 2013 12:00am
49,000 casualties took place since 9/11, Supreme Court told

49,000 casualties took place since 9/11, Supreme Court told

The Supreme Court was informed on Tuesday that as many as 49,000 civilian and military casualties took place in the fight against terrorism in tribal areas of Pakistan after 9/11. A three-judge bench led by Chief Justice of Pakistan Iftikhar Muhammad Chau
Published 27 Mar, 2013 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 Mar, 2013 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

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
Published 27 Mar, 2013 12:00am
New York cotton

New York cotton

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

Published 27 Mar, 2013 12:00am
New York cotton

New York cotton

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

Published 27 Mar, 2013 12:00am
Two PML-Q leaders from Bahawalpur join PML-N

Two PML-Q leaders from Bahawalpur join PML-N

Two Muslim League-Q leaders belonging to Bahawalpur including former MPA Sardar Khadim Mehmood Waran and former Tehsil Nazim Bahawalpur Sadr, Sahibzada Mian Muhammad Shoaib Awaisi called on Punjab Chief Minister Muhammad Shahbaz Sharif at Raiwind Tuesday
Published 27 Mar, 2013 12:00am
Punjab chief minister felicitates Hindu community on Holi

Punjab chief minister felicitates Hindu community on Holi

Punjab Chief Minister Sahbaz Sharif on Tuesday felicitated Hindu community on the occasion of Holi festival. In a message, the Chief Minister said that minorities had equal rights in Pakistan and complete freedom to celebrate their traditional festivals a
Published 27 Mar, 2013 12:00am
PML-F challenges appointment of Sindh caretaker chief minister

PML-F challenges appointment of Sindh caretaker chief minister

Pakistan Muslim League-Functional (PML-F) on Tuesday challenged the appointment of Sindh caretaker chief minister in the Sindh High Court (SHC). Jam Madad Ali and Nusrat Sahar Abbasi of PML-F filed the petition at the SHC and maintained that the appointme
Published 27 Mar, 2013 12:00am
CEC, ECP members due in Quetta on March 28

CEC, ECP members due in Quetta on March 28

Chief Election Commissioner (CEC) Fakhruddin G. Ibrahim will visit Quetta along with all members of the Election Commission of Pakistan (ECP) on March 28. ECP spokesperson talking to media person on Tuesday said that CEC Fakhruddin G. Ibrahim accompanied
Published 27 Mar, 2013 12:00am
Pipeline supplying gas to Karachi blown up

Pipeline supplying gas to Karachi blown up

Unknown miscreants blew up gas pipeline with explosive material disrupting supply to various areas of Karachi on Tuesday. According to the details, unidentified militants planted explosives with 18-inch diameter gas pipeline in Kopat area of district Dera
Published 27 Mar, 2013 12:00am
10th My-Karachi Exhibition: KCCI plans to set up international pavilion

10th My-Karachi Exhibition: KCCI plans to set up international pavilion

The Karachi Chamber of Commerce and Industry (KCCI) has planned to organise an international pavilion in the KCCI"s 10th My Karachi Oasis of Harmony exhibition scheduled to be held from 5th to 7th July 2013. Addressing a press conference, President KCCI,
Published 27 Mar, 2013 12:00am
Alavi wants to restore Badin Open Jail as training centre

Alavi wants to restore Badin Open Jail as training centre

Sindh's Caretaker Chief Minister Former Justice Zahid Qurban Alavi has a dream to re-open Badin Open Jail as training center for prisoners and students of various technical fields. He had expressed his desire during a chat with Business Recorder at
Published 27 Mar, 2013 12:00am