Business Recorder

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Feasibility of Gwadar Port

While the government of Pakistan has invested billions of rupees in constructing Gwadar Port for the development of Balochistan province over a long period of ... Read More

May 16, 2012Comments

Deepening power crisis

As Punjab experiences a severe power crisis, public anger boiled over onto the streets all across the province last Thursday. Angry protesters vented their anger ... Read More

May 14, 2012Comments

Pre-mature demise of ROZs

Everybody thought that it was almost a done deal. During a 2006 visit to Pakistan, President George Bush had announced the establishment of Reconstruction Opportunity ... Read More

May 12, 2012Comments

Pakistan

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Business & Economy

SECP signs MOU with Moroccan counterpart

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and its Moroccan counterpart, Conseil Deontologique des Valeurs Mobilieres (CDVM), have signed an MOU, paving the ... Read More

Wednesday, 16 May 2012 Comments

Industries & Sectors

PTCL offers upgraded "Pakistan Plus Package"

ISLAMABAD: The Pakistan Telecommunication Company Limited (PTCL) has upgraded its "Pakistan Plus Package", now giving more free minutes, exceptional voice quality and free conference calling ... Read More

Tuesday, 15 May 2012 Comments

Banking & Finance

SBP to implement IBAN standard in Pakistan

KARACHI: The State Bank of Pakistan (SBP) has decided to implement International Bank Account Number (IBAN) standard in the country with a view to bringing ... Read More

Tuesday, 15 May 2012 Comments

Miscellaneous

Of government service and employability

The next budget announcement is round the corner, which may include a wide range of populist measures and electoral goodies. Among other things, the salaries ... Read More

May 16, 2012Comments

Fertilizer

Fertiliser sector needs the gas most

The inevitable happened last week as the leading fertiliser manufacturer, Fauji Fertilizer Company (FFC) announced a reduction of Rs.140 per bag in urea prices. It ... Read More

May 14, 2012Comments

Oil and Gas

 

Corporate confidence in oil and gas

Driven persistently by volatility, the worldwide oil and gas market sentiments pendulum has been swaying vigorously between economic instability and higher crude prices. After creeping ... Read More

May 14, 2012Comments

Business & Finance

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Industries & Sectors

Gold rush sweeps Latin America, Amazon suffers

SANTIAGO: A new gold rush is sweeping through Latin America with devastating consequences, ravaging tropical forests and dumping toxic chemicals as illegal miners fight against ... Read More

Wednesday, 16 May 2012 Comments

Banking & Finance

Iceland central bank raises key rate to 5.5 percent

REYKJAVIK: Iceland's central bank raised its key interest rate by a half-point on Wednesday, taking it to 5.5 percent, the bank said in a statement. "Inflation ... Read More

Wednesday, 16 May 2012 Comments

Managed Funds

Stress indicators rise on Greek uncertainty

NEW YORK/LONDON: Uncertainty about Greece's future in the euro nudged some indicators of money market stress higher on Wednesday, though still far short of last ... Read More

Wednesday, 16 May 2012 Comments

Markets

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FXMM

C$ falters on Greece worries

TORONTO: The Canadian dollar skidded against its US counterpart o n W ednesday as broader uncertainty over Greece's future in the euro zone weighed on ... Read More

Wednesday, 16 May 2012 Comments

Fixed Income

German bonds at record high

MADRID: The spread, or difference in interest rates, between 10-year Spanish and German bonds hit a record high in early trading on Wednesday, underscoring fresh ... Read More

Wednesday, 16 May 2012 Comments

Commodities

Gold pares losses after bear market test, Greece focus

NEW YORK: Gold sank to a 2012 low on Wednesday before paring losses in choppy trade, as traders were torn between hope that France and ... Read More

Wednesday, 16 May 2012 Comments

Sports

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Cricket

Windies skipper Sammy says he owes it all to Lord's

LONDON: Darren Sammy will look to put the knowledge of Lord's gained from his time as an MCC Young Cricketer to good use when he ... Read More

Wednesday, 16 May 2012 Comments

Other Sports

Pacquiao triggers gay row in Los Angeles

LOS ANGELES: Philippine boxing icon Manny Pacquiao denied Wednesday he is homophobic, after he was banned from an upmarket Los Angeles shopping complex for comments ... Read More

Wednesday, 16 May 2012 Comments

Picture of the day

News in Pictures


Source: KSE

Energy Challenges Review

China Wholesale

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10335.42   Arrow 248.1
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On the Record

Asad Umar is former CEO and president of Engro Corporation

Asad Umar is former CEO and president of Engro Corporation

BR Research: First of all, tell us what did motivate you to step out as chief executive and president of Engro Corporation and join politics? 

Asad Umar: At Engro there is a very strong sense of mission and a very strong connection with the people; not just with our team and ... More...

ArrowEuro 1.2736
ArrowSterling 1.5997
ArrowSwiss Franc 0.9431
ArrowYen 80.2200
ArrowGold 1557.100
ArrowCotton 79.160
ArrowOil 93.980
Index Closing Chg%
Arrow DJIA 12,632.00 0.50
Arrow Nasdaq 2,893.76 0.30
Arrow S&P 1,330.66 0.57
Arrow FTSE 5,437.62 0.51
Arrow DAX 6,401.06 0.79
Arrow CAC-40 3,039.27 0.61
Arrow Nikkei 8,900.74 0.81
Arrow H.Seng 19,894.31 0.81
Arrow Sensex 16,328.25 0.69

The Rupee

Interbank closing rates for dollar on Tuesday.
BuyingRs 90.85
SellingRs 90.88
Dollar higher

Budget 2011-12

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyMarch
Trade Balance $-1.496 bln
Exports $1.85 bln
Imports $1.26 bln
WeeklyMay 14, 2012
Reserves $16.416 bln
ArrowBRIndex-30 10,583.52
ArrowKSE-30 Index 12,501.20
ArrowKSE-100 Index 14,313.67
ArrowLSE-25 Index 3,719.05
ArrowISE-10 Index 2,860.01
ArrowGold Per 10gm 46,714.00
ArrowKCA Spot Rate 6,000.00
ArrowLibor Rate 0.73190

Press Release

Telenor Talkshawk I-Champ to help empower new digital generation in Pakistan

2012-05-14 11:01:45
LAHORE: Telenor Pakistan has launched a nationwide project that will help empower a new digital generation in Pakistan. Telenor Talkshawk I-Champ is a knowledge-based initiative that ...

BR Events

'ZONG UNITED KICKOFF' Football Tournament creates sporting history

  ISLAMABAD: 'ZONG UNITED KICKOFF' Football Tournament 2012 was launched on Friday, May 4 to great public excitement, simultaneously in five cities of Pakistan. The tournament is for the selection of ... Read More

2012-05-10 13:19:35 Comments

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