Tag Archives: Exchange

Prisoners’ exchange – Draft agreement between Pakistan and UK ready

ISLAMABAD – Interior Minister Rehman Malik told reporters at Parliament House on Wednesday that a draft had been prepared for the agreement to exchange prisoners between Pakistan and Britain.
Malik said officials from both countries were in contact regarding the agreement and the court had issued un-bailable arrest warrants for former president Pervez Musharraf. He said that if no action was taken on the warrants, the court would make a decision itself.
He said the court

Heavy offloading at stock exchange

KARACHI – The first World Cup semifinal pushed the market into stagnation, triple digit gains however sustained the bourse the day end, despite off-loading in high priced stocks on strength.
The KSE 100 index closed at 11,711.40 with a gain of 128.37 points while total volume stood at 89,095,915 along with the total value of 5,133,587,271. KSE 30 index gained 126.56 points to close at 11429.64, and All Share index closed at 8,188.00 after gaining 83.34 points. A total of 170

Lahore Stock Exchange sheds 68 points

LAHORE – The Lahore Stock Exchange (LSE) remained bearish with stagnant volume. The LSE 25-shares lost 68.33 points to close at 3,579.04 against its opening at 3,647.37 levels. Out of total 101 active scrips, 11 went up, 42 went down and 48 closed without any change in their opening values. The volume of the market remained 3.92 million shares, which was 0.28 million shares more than Monday’s turnover of 3.64 million shares.
Nimir Industrial Chemical was the volume leader with a

SBP repeats Rs 500 exchange policy

KARACHI – The State Bank of Pakistan (SBP) has once again advised the general public to exchange the phased out and larger sized banknote of Rs 500 denomination at the latest by September 30. According to an issued press release, the notes can be exchanged at the field offices of SBP Banking Services Corporation and the branches of all commercial banks throughout the country. It may be recalled that the federal government has already notified that the old-design banknote of Rs 500

Karachi Stock Exchange falls 4pc since January

KARACHI – Gains, bagged by the KSE-100 index in January, have been overshadowed by the recent slump as the local bourse has now dwindled four percent since the start of 2011. The decline is more pronounced in recent times, as KSE has slid nine percent since January 17.
A closer look on individual stocks suggests that majority of the blue chip stocks have actually declined more than the headline index weakness and stocks like thinly traded Nestle (+28% since Jan 17th) have played

LSE to buy Toronto bourse, making $4 trillion exchange

LONDON – The London Stock Exchange (LSE) is to buy Canada’s TMX to claw back lost market share and create the world’s fourth-largest bourse trading $4.1 trillion of stock a year. Shares in the LSE, first established in 1698, jumped 9 percent as markets welcomed the all-share deal, and indicating a per share valuation for TMX of 46.7 Canadian dollars, up 16 percent.
The deal will create the No 1 global centre of mining and energy stock trading and values the Toronto group at

Pakistani troop killed in fire exchange with Afghan forces

PESHAWAR – The security forces on Wednesday said its one soldier was killed and 3 others sustained wounds when the Afghan National Army fired some 10 mortars on a security check post at Ghulam Khan over the Pak-Afghan border some 25 kms from Miranshah in North Waziristan.
No confirmation of the report could be received from Inter-Services Public Relations till the filing of this news report. Afghan authorities were holding Pakistani forces responsible for what they said an

Maize export can fetch foreign exchange

FAISALABAD – Pakistan can boost its foreign exchange earnings within a short period of time by producing and exporting spring-cultivated maize. This was stated by Rafhan Maize Products Managing Director Khalid Aziz, a private company, while addressing a function.
He went on to say that American spring-cultivated maize was produced after six months while Pakistan could get its produce after four months. He said that Pakistan was the leader of the pack in Asia with an approximate

Poulter, Tiger exchange tweets before Torrey showdown

LA JOLLA – Tiger Woods conducted a Twitter exchange for about 40 minutes Tuesday on his way to Torrey Pines ahead of his 2011 debut while golf rivals Lee Westwood and Ian Poulter tweeted some taunts. Continuing a charm offensive that began with Woods joining the social networking medium last year, Woods made the Pittsburgh Steelers his Super Bowl pick over Green Bay and even poked fun at himself.
But he never answered the challenge of Poulter to post a photo of himself to prove

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