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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-04-03
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 02, 2013).

Published 03 Apr, 2013 12:00am
Agenda for the nation 2013 and beyond-II

Agenda for the nation 2013 and beyond-II

What is the real nature and extent of the domestic crisis? Let me try to highlight some of its major dimensions. First and foremost, it is a 'crisis of legitimacy'. For any country's good governance, legitimacy is essential. Military general turned presid
Published 03 Apr, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 02, 2013).

Published 03 Apr, 2013 12:00am
Reforming school education

Reforming school education

Article 25-A of the Constitution stipulates that "the State shall provide free and compulsory education to all children of the age of five to sixteen years ..." Yet education in this country - a low priority for successive governments - has remained gross
Published 03 Apr, 2013 12:00am
Power tariff hike

Power tariff hike

The government, it has been widely reported, is likely to raise power tariff by 4 rupees per unit across the board after National Electric Power Regulatory Authority (Nepra) allowed a hike in power rates to Islamabad Electric Supply Corporation (IESCO), t
Published 03 Apr, 2013 12:00am
CFO''s exit: PSM BoD accepts justification

CFO''s exit: PSM BoD accepts justification

The Board of Directors (BoD) of Pakistan Steel Mills (PSM) has accepted the justification of management with regard to exit of Chief Financial Officer (CFO). Official documents available with Business Recorder reveal that the Board was informed tha
Published 03 Apr, 2013 12:00am
THE RUPEE: nine paisa gain on interbank

THE RUPEE: nine paisa gain on interbank

Firmness prevailed on the currency market on Tuesday as the rupee picked up nine paisa against the dollar due to easy supply of the US currency, dealers said. The rupee gained nine paisa against the dollar for buying and selling at Rs 98.34 and Rs 98.36,
Published 03 Apr, 2013 12:00am
CFO's exit: PSM BoD accepts justification

CFO's exit: PSM BoD accepts justification

The Board of Directors (BoD) of Pakistan Steel Mills (PSM) has accepted the justification of management with regard to exit of Chief Financial Officer (CFO). Official documents available with Business Recorder reveal that the Board was informed tha
Published 03 Apr, 2013 12:00am
THE RUPEE: nine paisa gain on interbank

THE RUPEE: nine paisa gain on interbank

Firmness prevailed on the currency market on Tuesday as the rupee picked up nine paisa against the dollar due to easy supply of the US currency, dealers said. The rupee gained nine paisa against the dollar for buying and selling at Rs 98.34 and Rs 98.36,
Published 03 Apr, 2013 12:00am
CFO's exit: PSM BoD accepts justification

CFO's exit: PSM BoD accepts justification

The Board of Directors (BoD) of Pakistan Steel Mills (PSM) has accepted the justification of management with regard to exit of Chief Financial Officer (CFO). Official documents available with Business Recorder reveal that the Board was informed tha
Published 03 Apr, 2013 12:00am
Mushtaq refuses to quit SBP job

Mushtaq refuses to quit SBP job

Dr Mushtaq Ali Khan refused to resign his permanent job at the State Bank of Pakistan in order to take oath as minister in the Federal Cabinet on Tuesday. Dr Khan was given a verbal assurance that he could come back into SBP after his stint in Islamabad b
Published 03 Apr, 2013 12:00am
Mushtaq refuses to quit SBP job

Mushtaq refuses to quit SBP job

Dr Mushtaq Ali Khan refused to resign his permanent job at the State Bank of Pakistan in order to take oath as minister in the Federal Cabinet on Tuesday. Dr Khan was given a verbal assurance that he could come back into SBP after his stint in Islamabad b
Published 03 Apr, 2013 12:00am
Mushtaq refuses to quit SBP job

Mushtaq refuses to quit SBP job

Dr Mushtaq Ali Khan refused to resign his permanent job at the State Bank of Pakistan in order to take oath as minister in the Federal Cabinet on Tuesday. Dr Khan was given a verbal assurance that he could come back into SBP after his stint in Islamabad b
Published 03 Apr, 2013 12:00am
14-member cabinet sworn in

14-member cabinet sworn in

The 14-member federal caretaker cabinet took oath here on Tuesday at Aiwan-e-Sadr. President Asif Ali Zardari administered the oath to the 14-member cabinet. The ministers who took oath are: Malik Habib, Ahmer Bilal Soofi, Dr Musaddaq Malik, Arif Nizami,
Published 03 Apr, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 02, 2013).

Published 03 Apr, 2013 12:00am
14-member cabinet sworn in

14-member cabinet sworn in

The 14-member federal caretaker cabinet took oath here on Tuesday at Aiwan-e-Sadr. President Asif Ali Zardari administered the oath to the 14-member cabinet. The ministers who took oath are: Malik Habib, Ahmer Bilal Soofi, Dr Musaddaq Malik, Arif Nizami,
Published 03 Apr, 2013 12:00am
Clarification

Clarification

A news item in Business Recorder''s issue of 21st March 2013 by staff reporter carried out confusing facts. Neither Glencore nor their agent Seatrade Group diverted the vessel to Port Qasim. Nor had they any apprehensions on mixing of coal with canola at
Published 03 Apr, 2013 12:00am
Clarification

Clarification

A news item in Business Recorder's issue of 21st March 2013 by staff reporter carried out confusing facts. Neither Glencore nor their agent Seatrade Group diverted the vessel to Port Qasim. Nor had they any apprehensions on mixing of coal with canola at K
Published 03 Apr, 2013 12:00am
Clarification

Clarification

A news item in Business Recorder's issue of 21st March 2013 by staff reporter carried out confusing facts. Neither Glencore nor their agent Seatrade Group diverted the vessel to Port Qasim. Nor had they any apprehensions on mixing of coal with canola at K
Published 03 Apr, 2013 12:00am
UN adopts global treaty on weapons trade

UN adopts global treaty on weapons trade

The United Nations General Assembly on Tuesday passed the first-ever treaty regulating the global conventional weapons trade in an attempt to bring transparency and protection of human rights to the often murky industry. Only Syria, North Korea and Iran -
Published 03 Apr, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Apr, 2013 12:00am
UN adopts global treaty on weapons trade

UN adopts global treaty on weapons trade

The United Nations General Assembly on Tuesday passed the first-ever treaty regulating the global conventional weapons trade in an attempt to bring transparency and protection of human rights to the often murky industry. Only Syria, North Korea and Iran -
Published 03 Apr, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Apr, 2013 12:00am
Headline inflation eases to 6.57 percent in March

Headline inflation eases to 6.57 percent in March

The headline inflation eased to 6.57 percent in March 2013 as compared to 7.4 percent in previous month and 10.8 percent for the same month of last year. In the monthly inflation data released by the Pakistan Bureau of Statistics (PBS) on Tuesday; however
Published 03 Apr, 2013 12:00am
Headline inflation eases to 6.57 percent in March

Headline inflation eases to 6.57 percent in March

The headline inflation eased to 6.57 percent in March 2013 as compared to 7.4 percent in previous month and 10.8 percent for the same month of last year. In the monthly inflation data released by the Pakistan Bureau of Statistics (PBS) on Tuesday; however
Published 03 Apr, 2013 12:00am
Headline inflation eases to 6.57 percent in March

Headline inflation eases to 6.57 percent in March

The headline inflation eased to 6.57 percent in March 2013 as compared to 7.4 percent in previous month and 10.8 percent for the same month of last year. In the monthly inflation data released by the Pakistan Bureau of Statistics (PBS) on Tuesday; however
Published 03 Apr, 2013 12:00am
Pakistan rejects Afghan deputy foreign minister's assertions

Pakistan rejects Afghan deputy foreign minister's assertions

Pakistan on Tuesday dispelled the assertions by Afghan deputy foreign minister regarding Pakistan's "unilateral construction and physical reinforcement activities" along the border, as tension between the two neighbours mounted due to allegations and coun
Published 03 Apr, 2013 12:00am
Pakistan rejects Afghan deputy foreign minister's assertions

Pakistan rejects Afghan deputy foreign minister's assertions

Pakistan on Tuesday dispelled the assertions by Afghan deputy foreign minister regarding Pakistan's "unilateral construction and physical reinforcement activities" along the border, as tension between the two neighbours mounted due to allegations and coun
Published 03 Apr, 2013 12:00am
French former minister charged in tax fraud probe

French former minister charged in tax fraud probe

Former French budget minister Jerome Cahuzac was charged Tuesday in a tax fraud probe, his lawyer said, as he admitted having had a foreign bank account for around 20 years. Cahuzac, who resigned last month but had until now refuted allegations he had und
Published 03 Apr, 2013 12:00am
French former minister charged in tax fraud probe

French former minister charged in tax fraud probe

Former French budget minister Jerome Cahuzac was charged Tuesday in a tax fraud probe, his lawyer said, as he admitted having had a foreign bank account for around 20 years. Cahuzac, who resigned last month but had until now refuted allegations he had und
Published 03 Apr, 2013 12:00am
French former minister charged in tax fraud probe

French former minister charged in tax fraud probe

Former French budget minister Jerome Cahuzac was charged Tuesday in a tax fraud probe, his lawyer said, as he admitted having had a foreign bank account for around 20 years. Cahuzac, who resigned last month but had until now refuted allegations he had und
Published 03 Apr, 2013 12:00am
New York mayor race corruption probe snares polls

New York mayor race corruption probe snares polls

A senior New York State politician was arrested Tuesday on charges that he tried to bribe his way onto the ballot for the Big Apple's upcoming mayoral election. Malcolm Smith, a veteran Democratic senator in the state assembly in Albany, was among six peo
Published 03 Apr, 2013 12:00am
New York mayor race corruption probe snares polls

New York mayor race corruption probe snares polls

A senior New York State politician was arrested Tuesday on charges that he tried to bribe his way onto the ballot for the Big Apple's upcoming mayoral election. Malcolm Smith, a veteran Democratic senator in the state assembly in Albany, was among six peo
Published 03 Apr, 2013 12:00am
IP gasline project: probe into contract award to Tadbeer begins

IP gasline project: probe into contract award to Tadbeer begins

An inquiry has been started into the matter of awarding contract of laying Pak-Iran gas pipeline to an Iranian company, Tadbeer, on relatively higher rates than the international market. The record has been sought from the Ministry of Petroleum and Inter
Published 03 Apr, 2013 12:00am
IP gasline project: probe into contract award to Tadbeer begins

IP gasline project: probe into contract award to Tadbeer begins

An inquiry has been started into the matter of awarding contract of laying Pak-Iran gas pipeline to an Iranian company, Tadbeer, on relatively higher rates than the international market. The record has been sought from the Ministry of Petroleum and Inter
Published 03 Apr, 2013 12:00am
IP gasline project: probe into contract award to Tadbeer begins

IP gasline project: probe into contract award to Tadbeer begins

An inquiry has been started into the matter of awarding contract of laying Pak-Iran gas pipeline to an Iranian company, Tadbeer, on relatively higher rates than the international market. The record has been sought from the Ministry of Petroleum and Inter
Published 03 Apr, 2013 12:00am
Dow, S&P push to new record highs

Dow, S&P push to new record highs

US stocks pushed to new record highs Tuesday, bolstered by solid US manufacturing orders and strong results from US automakers. The Dow Jones Industrial Average closed at an all-time record high of 14,662.01, up 89.16 (0.61 percent). The broad-based S&P 5
Published 03 Apr, 2013 12:00am
Dr Imran murder probe: ScotlandYard combs house in London

Dr Imran murder probe: ScotlandYard combs house in London

The ScotlandYard (SY) has moved ahead in its investigation into the murder case of Muttahida Qaumi Movement (MQM) leader Dr Imran Farooq. Dr Imran Farooq was stabbed to death by unknown assailants in front of his residence in central London on September 1
Published 03 Apr, 2013 12:00am
Supreme Court adjourns hearing of Kharal's dual nationality case

Supreme Court adjourns hearing of Kharal's dual nationality case

The Foreign Office officials submitted their report relating to the dual nationality of former MNA Rai Ghulam Mujtaba Kharal in the Supreme Court on Tuesday here. Foreign Office officials' report said that Mujtaba Kharal's surrendering Canadian nationalit
Published 03 Apr, 2013 12:00am
Nomination papers of Badam Zari accepted

Nomination papers of Badam Zari accepted

The returning officer after scrutiny accepted the nomination papers of Badam Zari, the first tribal woman to contest general elections. It is to be mentioned here Badam Zareen is the first woman in the tribal history to contest for a seat of National Asse
Published 03 Apr, 2013 12:00am
ISE index drops by 13.32 points

ISE index drops by 13.32 points

Bears retuned in the driving seat on the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 13.32 points as the ISE Ten Index moved from 3,447.09 to 3,433.77 points. The overall turnov
Published 03 Apr, 2013 12:00am
ISE index drops by 13.32 points

ISE index drops by 13.32 points

Bears retuned in the driving seat on the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 13.32 points as the ISE Ten Index moved from 3,447.09 to 3,433.77 points. The overall turnov
Published 03 Apr, 2013 12:00am
LSE equities settle in negative zone

LSE equities settle in negative zone

Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid improved trading turnover due to selling pressure. The LSE-25 index shed 17.37 points and was closed at 4140.15 against 4157.52 of Monday while tran
Published 03 Apr, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (April 02, 2013).

Published 03 Apr, 2013 12:00am
LSE equities settle in negative zone

LSE equities settle in negative zone

Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid improved trading turnover due to selling pressure. The LSE-25 index shed 17.37 points and was closed at 4140.15 against 4157.52 of Monday while tran
Published 03 Apr, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (April 02, 2013).

Published 03 Apr, 2013 12:00am
Peaceful uses: World urged to give Pakistan access to nuclear technology

Peaceful uses: World urged to give Pakistan access to nuclear technology

Pakistan has called for achieving the goals of nuclear disarmament and non-proliferation in a balanced and non-discriminatory manner to promote peace and security in the world. "What we need is political will, especially by the major powers," to accomplis
Published 03 Apr, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (April 02, 2013).

Published 03 Apr, 2013 12:00am
22 percent increase in revenue collection during March

22 percent increase in revenue collection during March

The 23.5 percent growth in direct taxes has enabled the Federal Board of Revenue (FBR) to amass Rs 182 billion in March 2013 against Rs 149.6 billion during the same period last fiscal, reflecting a handsome increase of 22 percent.
Published 03 Apr, 2013 12:00am
22 percent increase in revenue collection during March

22 percent increase in revenue collection during March

The 23.5 percent growth in direct taxes has enabled the Federal Board of Revenue (FBR) to amass Rs 182 billion in March 2013 against Rs 149.6 billion during the same period last fiscal, reflecting a handsome increase of 22 percent.
Published 03 Apr, 2013 12:00am
22 percent increase in revenue collection during March

22 percent increase in revenue collection during March

The 23.5 percent growth in direct taxes has enabled the Federal Board of Revenue (FBR) to amass Rs 182 billion in March 2013 against Rs 149.6 billion during the same period last fiscal, reflecting a handsome increase of 22 percent.
Published 03 Apr, 2013 12:00am
BRIndex30 surges by 42.46 points

BRIndex30 surges by 42.46 points

On Tues-day, BRIndex30 opened at 12,423.42 and remained positive throughout the trading session. It touched an intraday high of 12,533.59 and an intraday low of 12,441.02 and closed at 12,465.88, which was 42.46 points or 0.34 percent higher than previous
Published 03 Apr, 2013 12:00am
BRIndex30 surges by 42.46 points

BRIndex30 surges by 42.46 points

On Tues-day, BRIndex30 opened at 12,423.42 and remained positive throughout the trading session. It touched an intraday high of 12,533.59 and an intraday low of 12,441.02 and closed at 12,465.88, which was 42.46 points or 0.34 percent higher than previous
Published 03 Apr, 2013 12:00am
Index at another highest level

Index at another highest level

Led by cement sector, Karachi Stock''s-100 share index closed at one more all-time-high of 18,345.74 points, and the index gained 73.63 points or 0.4 percent on Tuesday. Karachi Stock Market witnessed a bull-run session on the second consecutive day.
Published 03 Apr, 2013 12:00am
Index at another highest level

Index at another highest level

Led by cement sector, Karachi Stock's-100 share index closed at one more all-time-high of 18,345.74 points, and the index gained 73.63 points or 0.4 percent on Tuesday. Karachi Stock Market witnessed a bull-run session on the second consecutive day.
Published 03 Apr, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (April 02, 2013).

Published 03 Apr, 2013 12:00am
Index at another highest level

Index at another highest level

Led by cement sector, Karachi Stock's-100 share index closed at one more all-time-high of 18,345.74 points, and the index gained 73.63 points or 0.4 percent on Tuesday. Karachi Stock Market witnessed a bull-run session on the second consecutive day.
Published 03 Apr, 2013 12:00am
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