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 Latest Business and Finance News 
Pakistan stocks snap record run, lose 116 points [Geo TV]
23 May, 2013
KARACHI: Karachi Stock Exchange(KSE) Thursday snapped its record-making run following a global fall in the equity
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Investor group calls on SEC to review change in JPMorgan voting  [Reuters] 17 May, 2013
NEW YORK (Reuters) - Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase & Co cut off polling information to the bank ...
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Karachi Stock Exchange gains 120 points  [Geo TV] 17 May, 2013
KARACHI: Cementmakers Friday boosted Karachi Stock Exchange, which bounced back after closing lower a day earlier.
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Hunt for those at fault for Spain's bank crisis gains pace  [Reuters] 17 May, 2013
MADRID (Reuters) - The arrest of a prominent former Spanish banker is raising hopes among campaigners that the hunt for those responsible for the problems inherited by Bankia and other failed lenders will deliver results.
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12 target killers, bank robbers arrested in Gujranwala  [Business Recorder] 17 May, 2013
GUJRANWALA: Police have arrested 12 dangerous target killers involved in bank robberies and killings of police officials in Gujranwala.Gujranwala police conducted several raids in the city and managed to capture 12 notorious and d ...
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Dollar soars, stocks gain amid talk of Fed QE exit  [Reuters] 17 May, 2013
NEW YORK (Reuters) - Global equity markets rose and the dollar soared against a basket of currencies on Friday, reaching a nearly three-year peak, as speculation mounted over whether the Federal Reserve would soon begin to rein in ...
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GM stock tops 2010 IPO price  [Reuters] 17 May, 2013
DETROIT (Reuters) - General Motors Co shares on Friday topped their 2010 initial public offering price, which will help the automaker's largest shareholder, the U.S. Treasury, pare its losses.
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Risks for Cyprus are 'unusually high', adoption of austerity plan imperative: IMF  [Reuters] 17 May, 2013
NICOSIA (Reuters) - The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.
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Rivals get longer to comment on Google EU antitrust offer: source  [Reuters] 17 May, 2013
BRUSSELS (Reuters) - EU antitrust regulators have given some of Google's rivals more time to study its proposals to settle anti-competitive complaints, which could provide more leverage to pry further concessions from the Int ...
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ECB to keep monetary policy loose for as long as needed  [Reuters] 17 May, 2013
ORLEANS, France (Reuters) - The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for "quite a long time", ECB executive board members said on Friday.
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Dollar gains slightly in Asia  [Geo TV] 17 May, 2013
TOKYO: The dollar gained slightly in Asia on Friday as investors cautiously adjusted their positions following the
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Asia shares mixed after US stocks dip  [Geo TV] 17 May, 2013
HONG KONG: Asian shares were mixed on Friday after US stocks dipped on weaker-than-expected economic data followin
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Shares fall as Fed officials talk of QE exit  [Reuters] 17 May, 2013
LONDON (Reuters) - The dollar held firm near a 10-month high versus a basket of currencies on Friday and European shares fell after a regional Federal Reserve chief said the U.S. central bank may begin to taper its asset buying th ...
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Oil down in Asia as poor US economic data weigh  [Geo TV] 17 May, 2013
SINGAPORE: Oil prices eased in Asia on Friday as poor housing and employment data from the United States sparked c
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Ali Haider Gilanis kidnappers gang chief arrested  [Business Recorder] 17 May, 2013
NOWSHERA: The gang chief of the kidnappers of Ali Haider Gilani, the son of former Prime Minister Yusuf Raza Gilani was arrested during an operation launched by police against abductors here on Friday.According to police sources, ...
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50 students and teachers to travel to US under exchange programme  [Business Recorder] 17 May, 2013
ISLAMABAD: Pakistani students who are learning English through the US-sponsored English Access Micro-scholarship Program and their teachers met Friday with US Embassy Public Affairs Officer Peter Brennan.In the coming weeks, 25 st ...
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CNG stations to remain closed in Sindh for 24 hours  [Geo TV] 17 May, 2013
KARACHI: The CNG Stations would be closed across Sindh for the next 24 hours as part of Gas Load Management Plan.
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Three killed, 12 injured in Malakand blast  [Business Recorder] 17 May, 2013
MALAKAND: At least three persons were reportedly killed and 12 others injured in blast at a mosque in Bazdara Bala area near Batkhela Bazaar here on Friday.According to officials of Malakand administration, people were gathered in ...
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Pakistan to release 51 Indian fishermen  [Business Recorder] 17 May, 2013
ISLAMABAD: Pakistan on Friday said it would release 51 imprisoned Indian fishermen on humanitarian grounds, hoping that New Delhi will reciprocate the goodwill gesture as relations between the two nations warm.The decision was tak ...
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Governor for master plan to restore Frere Hall to original shape  [Business Recorder] 17 May, 2013
KARACHI: Sindh Governor Dr. Ishrat-ul-Ebad Khan has called for preparing a master plan for restoring the Frere hall in the metropolis to its original shape.He was presiding over a meeting of the Board of Trustees with regard to th ...
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National seminar on `Future of Research in Pakistan and Project Exhibition tomorrow  [Business Recorder] 17 May, 2013
ISLAMABAD: To showcase the research contribution of higher education sector towards economy and community, Higher Education Commission (HEC) will organize a national seminar on `Future of Research in Pakistan and Projects Exhibiti ...
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Karachi police arrest 39 accused in last 24 hours  [Business Recorder] 17 May, 2013
KARACHI: The Karachi police in their drive against criminals, arrested 39 accused during the past 24 hours.A police statement on Friday said that those arrested included four absconders and two alleged dacoits.It said that nine we ...
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Hot, dry spell to continue in Peshawar, KP for next two days  [Business Recorder] 17 May, 2013
PESHAWAR: The on-going hot and dry spell would continue in Khyber Pakhtunkhwa including Provincial Capital for the next two days.Talking to APP an official of the met office said that the mercury would rise further in the coming d ...
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Durrani resolves to serve people of his hometown  [Business Recorder] 17 May, 2013
BANNU: Former Chief Minister and central leader of Jamiat-Ulema-Islam (JUI-F) Alhaj Akram Khan Durrani has thanked people of Bannu for electing him and refreshed his resolve to take every measure for the development of his native ...
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Dollar firmer on Fed remarks, Asian shares mixed  [Reuters] 17 May, 2013
SINGAPORE (Reuters) - The dollar held firm near a 10-month high versus a basket of currencies on Friday after a U.S. Federal Reserve official said the central bank may begin to taper its asset buying this summer, while Asian share ...
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KU extends admission date  [Business Recorder] 17 May, 2013
KARACHI: University of Karachi has notified for the information of all concerned that the last date for admission to First and Second Year of B.A (Pass)/B.Sc. (Pass) and B.Com classes is extended till June 13th 2013 (Thursday) wit ...
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Steps taken to check exam cheating: Siddiqui  [Business Recorder] 17 May, 2013
KARACHI: Commissioner Karachi Shoaib Ahmed Siddiqui has said that the district administration in collaboration with education board has taken steps to check cheating in ongoing examination Intermediate in Karachi.Visiting differen ...
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Deficit at 4.4pc for July to March  [The News] 17 May, 2013
KARACHI: The budget deficit for the July–March 2012-13 period is around Rs1,046 billion, or 4.4 percent of GDP, according to fiscal operation of the f
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Dell's profit dives as billionaire battle rages on  [Reuters] 16 May, 2013
SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to sh ...
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Dell's profit slides 79 percent as it seeks to go private  [Reuters] 16 May, 2013
SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continue to shr ...
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Karachi Stock Exchange 100-Index turns a loss of 150 points  [Geo TV] 16 May, 2013
KARACHI: Karachi Stock Exchange (KSE) shed gains on Thursday breaking an 11-day bullrush, Geo News reported. b
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Gold Rates Pakistan
Dollar Per Ounce $1386.12
Rupees Per Tola Rs.51950.29
Rupees 10 Grams Rs.44586.33
Gold and Silver Rates
KSE 100 Index
FCCL 11.7   -0.36

TRG 10.3   -0.06

LOTCHEM 8.31   -0.32

KESC 6.72   -0.2

ENGRO 148.55   7.01

JSCL 12.44   0.0

PTC 20.97   -0.08

LPCL 8.12   -0.2

FFC 119.52   3.88

PACE 4.1   0.1

PSO 280.75   -2.02

FATIMA 23.75   0.25

NCL 53.84   -1.39

SNGP 20.08   -0.95

PPL 217.72   -5.04

BOP 10.51   -0.33

SSGC 20.26   -0.02

FFBL 40.92   -0.01

DGKC 76.51   -2.13

ANL 7.12   -0.12

BIPL 7.01   -0.3

EFOODS 143.62   1.85

NIB 2.45   -0.03

BAHL 29.61   1.18

NBP 43.14   -0.92

NML 96.14   -2.87

FABL 9.82   0.52

HUBC 60.93   0.22

ATRL 195.19   0.84

DAWH 60.44   1.91

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