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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-09-16
EU unveils clampdown on financial speculators

EU unveils clampdown on financial speculators

The European Union's executive unveiled a blueprint on Wednesday to curb or ban short-selling and tighten controls on derivatives in one of its most ambitious financial reforms since the economic crisis unfolded. The shake-up tackles two of the most opaqu
Published 16 Sep, 2010 12:00am
US wheat premiums hold mostly steady

US wheat premiums hold mostly steady

US wheat export premiums held mostly steady on Tuesday on continued good global demand for wheat from the US and some other origins amid a halt in Russian grain export shipments, traders said. Improved US wheat export prospects amid production woes in Bla
Published 16 Sep, 2010 12:00am
Karachi Port's and Port Qasim's activities

Karachi Port's and Port Qasim's activities

The Karachi Port handled 72,147 tonnes of cargo including 59,007 tonnes of import cargo, 13,140 tonnes of export cargo, 3,301 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 59,007 tonnes compri
Published 16 Sep, 2010 12:00am
Japan intervenes to weaken yen

Japan intervenes to weaken yen

Japan intervened in global currency markets on Wednesday to sell yen for the first time in six years in a bid to stop its relentless rise from threatening a fragile economic recovery. Fresh after victory in a party leadership contest, Japanese Prime Minis
Published 16 Sep, 2010 12:00am
New York cotton

New York cotton

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

Published 16 Sep, 2010 12:00am
Japan intervenes to weaken yen

Japan intervenes to weaken yen

Japan intervened in global currency markets on Wednesday to sell yen for the first time in six years in a bid to stop its relentless rise from threatening a fragile economic recovery. Fresh after victory in a party leadership contest, Japanese Prime Minis
Published 16 Sep, 2010 12:00am
New York cotton

New York cotton

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

Published 16 Sep, 2010 12:00am
Japan intervenes to weaken yen

Japan intervenes to weaken yen

Japan intervened in global currency markets on Wednesday to sell yen for the first time in six years in a bid to stop its relentless rise from threatening a fragile economic recovery. Fresh after victory in a party leadership contest, Japanese Prime Minis
Published 16 Sep, 2010 12:00am
Karachi interbank rates

Karachi interbank rates

Karachi interbank rates on Wednesday (September 15, 2010).

Published 16 Sep, 2010 12:00am
EU unveils clampdown on financial speculators

EU unveils clampdown on financial speculators

The European Union's executive unveiled a blueprint on Wednesday to curb or ban short-selling and tighten controls on derivatives in one of its most ambitious financial reforms since the economic crisis unfolded. The shake-up tackles two of the most opaqu
Published 16 Sep, 2010 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 16 Sep, 2010 12:00am
India's iron ore exports seen down 25-30 percent

India's iron ore exports seen down 25-30 percent

India's iron ore output and exports will fall by a quarter this fiscal year, hit by a crackdown on illegal mining and the ban on exports by the southern Karnataka state, the head of a trade body told Reuters. Exports in the year to March 2011 from the wor
Published 16 Sep, 2010 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 Comm
Published 16 Sep, 2010 12:00am
EU unveils clampdown on financial speculators

EU unveils clampdown on financial speculators

The European Union''s executive unveiled a blueprint on Wednesday to curb or ban short-selling and tighten controls on derivatives in one of its most ambitious financial reforms since the economic crisis unfolded. The shake-up tackles two of the most opaq
Published 16 Sep, 2010 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 Wednesday (September 15, 2010).

Published 16 Sep, 2010 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 Wednesday (September 15, 2010).

Published 16 Sep, 2010 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 Wednesday (September 15, 2010).

Published 16 Sep, 2010 12:00am
Reformed GST to be introduced in two phases

Reformed GST to be introduced in two phases

To ensure implementation of the reformed GST from October 1, 2010, the Federal Board of Revenue (FBR) would introduce reforms in the sales tax regime in stages by withdrawing sales tax exemptions and zero-rating through a Presidential Ordinance and subseq
Published 16 Sep, 2010 12:00am
Reformed GST to be introduced in two phases

Reformed GST to be introduced in two phases

To ensure implementation of the reformed GST from October 1, 2010, the Federal Board of Revenue (FBR) would introduce reforms in the sales tax regime in stages by withdrawing sales tax exemptions and zero-rating through a Presidential Ordinance and subseq
Published 16 Sep, 2010 12:00am
Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (September 15, 2010).

Published 16 Sep, 2010 12:00am
Moong, oilcake low type Punjab up on grain market

Moong, oilcake low type Punjab up on grain market

Upward trend was seen on the wholesale grain and seed market on Wednesday in process of sluggish trading, dealers said. Except moong Punjab, which gained Rs 100 to Rs 1000, all other commodities maintained overnight levels on the cereal side, they said.
Published 16 Sep, 2010 12:00am
Stiles to sell 1966 World Cup medal

Stiles to sell 1966 World Cup medal

Nobby Stiles has become the latest player from England's victorious 1966 World Cup team to announce he is selling his winner's medal. When the medal, which is being sold as part of the former Manchester United midfielder's collection of football memorabil
Published 16 Sep, 2010 12:00am
Messi weaves his magic in Barca's five-goal romp

Messi weaves his magic in Barca's five-goal romp

An inspired Lionel Messi netted two superb goals, had a penalty saved and twice rattled the woodwork as Barcelona romped to a 5-1 comeback victory over Panathinaikos in Champions League Group D on Tuesday. The World Player of the Year picked up where he l
Published 16 Sep, 2010 12:00am
Man United frustrated by Rangers defence

Man United frustrated by Rangers defence

Manchester United failed to break down a disciplined Rangers defence as the British rivals drew 0-0 in their opening Champions League Group C match at Old Trafford on Tuesday. The three-times European champions, who made 10 changes from the team which dre
Published 16 Sep, 2010 12:00am
Aisam gets rousing reception back home

Aisam gets rousing reception back home

Pakistani tennis star Aisam-ul-Haq Qureshi has expressed his firm resolve to earn more laurels for the country with his hard work. He said this while briefly talking to news and media persons on his arrival here at the Allama Iqbal International Airport o
Published 16 Sep, 2010 12:00am
Modest Nadal says Grand Slam just a 'step forward'

Modest Nadal says Grand Slam just a 'step forward'

World number one tennis ace Rafael Nadal Wednesday downplayed his achievement in completing a career Grand Slam, describing it as merely "a step forward" in his career. "I'm not the best sportsman, it's quite obvious that I'm not," the Spaniard told a new
Published 16 Sep, 2010 12:00am
FIFA fine Saifi over journalist slap

FIFA fine Saifi over journalist slap

FIFA has hit Algerian striker Rafik Saifi with a 2,300-euro fine for having slapped a woman journalist at the end of the Algeria v United States match at the World Cup. Saifi struck out at Asma Halimi, a journalist with Algerian daily Competition, in an i
Published 16 Sep, 2010 12:00am
Musharraf backs Aamir

Musharraf backs Aamir

Former Pakistan president Pervez Musharraf on Wednesday called for the 18-year-old star, Mohammad Aamer, at the centre of cricket's spot-fixing scandal to be shown compassion as the player is from a poor family. Pakistan's tour of England has been oversha
Published 16 Sep, 2010 12:00am
Aamer may become an informant for ICC

Aamer may become an informant for ICC

Pakistan's teenage pacer Mohammad Aamer, who is implicated in the spot-fixing scandal that has rocked the world of cricket is considering to become informant for the International Cricket Council (ICC) to escape life ban, an Australian newspapers claimed
Published 16 Sep, 2010 12:00am
Robson sees Thais among favourites for ASEAN Suzuki Cup

Robson sees Thais among favourites for ASEAN Suzuki Cup

Holders Vietnam will face Singapore and Myanmar at this year's ASEAN Suzuki Cup, while Bryan Robson's Thailand were Wednesday drawn alongside Indonesia and Malaysia. The biennial tournament, co-hosted by Vietnam and Indonesia, will be held from December 1
Published 16 Sep, 2010 12:00am
Serbian coach sacked

Serbian coach sacked

Serbia's national football coach Radomir Antic was sacked on Wednesday due to the team's poor results at the World Cup and their mediocre start to Euro 2012 qualifying, officials said. "Our board feel that the team has not been managed properly after qual
Published 16 Sep, 2010 12:00am
Champions League Twenty20: Finch hits Victoria to victory

Champions League Twenty20: Finch hits Victoria to victory

Aaron Finch hit an unbeaten 93 as the Victoria Bushrangers gained their first Champions League Twenty20 win, beating the Central Stags by seven wickets on Wednesday. Finch held his nerve in a tense finish, hitting Doug Bracewell for six off the fourth bal
Published 16 Sep, 2010 12:00am
Talks end in deadlock; violence continues

Talks end in deadlock; violence continues

A meeting of the Indian government and opposition parties to resolve spiralling protests in held Kashmir ended in a deadlock on Wednesday, even as four more protesters were killed in police clashes. Prime Minister Manmohan Singh's meeting came two days af
Published 16 Sep, 2010 12:00am
EU set to hike tariffs on Chinese car wheels

EU set to hike tariffs on Chinese car wheels

European Union countries backed plans on Tuesday to raise duties on Chinese-made aluminium wheels, EU diplomats said, amid growing fears that China is making inroads into its high-tech industries. "The EU wants to use this case to address what it is calli
Published 16 Sep, 2010 12:00am
Talks end in deadlock; violence continues

Talks end in deadlock; violence continues

A meeting of the Indian government and opposition parties to resolve spiralling protests in held Kashmir ended in a deadlock on Wednesday, even as four more protesters were killed in police clashes. Prime Minister Manmohan Singh's meeting came two days af
Published 16 Sep, 2010 12:00am
France fall in FIFA world rankings

France fall in FIFA world rankings

Spain maintained their place atop the FIFA world rankings published on Wednesday, but France fell six spots to 27th despite new coach Laurent Blanc's first victory since taking charge. The World Cup winners, also the reigning European champions, remain at
Published 16 Sep, 2010 12:00am
Indian move causes panic buying of cotton; rates rise, may go up further

Indian move causes panic buying of cotton; rates rise, may go up further

Panic buying of cotton and high rise in the rates were seen on the cotton market on Wednesday as India has extended date for registration for cotton exports, dealers said. The Karachi Cotton Association (KCA) official spot rate was maintained its upward m
Published 16 Sep, 2010 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend persisted on the forward cottonseed oilcake market on Wednesday in the process of trading, dealers said. The July contract that ended at Rs 1004.30 opened with a gain of 20 paisa at Rs 1004.50, dealers said. The December vaida which closed a
Published 16 Sep, 2010 12:00am
China's corn starch output rises as demand booms

China's corn starch output rises as demand booms

China's corn starch production will grow by 10-14 percent this year after only 2 percent growth in 2009, and output is likely to grow 5-10 percent annually in the next five years because of demand for food additives, industry officials said on Wednesday.
Published 16 Sep, 2010 12:00am
Morocco approves import of 1.2 million tonnes of soft wheat

Morocco approves import of 1.2 million tonnes of soft wheat

Morocco's state grain agency ONICL has approved the import of 1.2 million tonnes of soft milling wheat over the period September 16-December 31, it said on Tuesday. Licenses to import the wheat have been issued to 20 grain trading houses including Gromic,
Published 16 Sep, 2010 12:00am
US won't support an 'undemocratic' Pakistan: Holbrooke

US won't support an 'undemocratic' Pakistan: Holbrooke

The United States Wednesday categorically said that Obama administration would not support a government other than 'democratically elected' in Pakistan. Washington also made it clear that its help to Islamabad in coping with the devastating floods must no
Published 16 Sep, 2010 12:00am
US Midwest corn and soyabean bids lower

US Midwest corn and soyabean bids lower

Corn and soyabean spot basis bids were mostly steady to lower around the US Midwest on Tuesday amid pressure from a rally in the futures market and the ongoing harvest of both crops, grain merchants said. But sales of each commodity were limited as farmer
Published 16 Sep, 2010 12:00am
US won't support an 'undemocratic' Pakistan: Holbrooke

US won't support an 'undemocratic' Pakistan: Holbrooke

The United States Wednesday categorically said that Obama administration would not support a government other than 'democratically elected' in Pakistan. Washington also made it clear that its help to Islamabad in coping with the devastating floods must no
Published 16 Sep, 2010 12:00am
UN High Commissioner for Refugees calls on CoAS

UN High Commissioner for Refugees calls on CoAS

United Nations High Commissioner for Refugees (UNHCR) Antonio Manuel de Oliveira Guterres on Wednesday called on Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani at the General Headquarters. The visiting dignitary remained with him for some time a
Published 16 Sep, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 15, 2010).

Published 16 Sep, 2010 12:00am
Punjab government, Italian Development Council sign MoU

Punjab government, Italian Development Council sign MoU

A Memorandum of Understanding (MoU) was signed between the Punjab government and Italian Development Council with regard to co-operation and investment in various sectors here on Wednesday, under which co-operation and investment will be promoted in agric
Published 16 Sep, 2010 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 16 Sep, 2010 12:00am
Dr Shama's death condoled

Dr Shama's death condoled

Advisor to Governor Gilgit-Baltistan on Investment Mian Shafqat Ali and Advisor to Governor Gilgit-Baltistan on Tourism Sohail Lashari have expressed their heartfelt sorrow over the sad demise of Governor Gilgit-Baltistan Dr Shama Khalid. Advisors to Gove
Published 16 Sep, 2010 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 16 Sep, 2010 12:00am
1,351 deliveries facilitated in camps of Sindh

1,351 deliveries facilitated in camps of Sindh

The Sindh Health Department on Wednesday announced that 1,351 deliveries have so far been facilitated in 486 fixed and 156 mobile relief camps from July 31 till date in the province. The doctors and Lady Health Workers (LHW) of the health department have
Published 16 Sep, 2010 12:00am
Etihad Airways distributes Eid gifts among children

Etihad Airways distributes Eid gifts among children

As part of its relief efforts in Pakistan, Etihad Airways in collaboration with Emirates International Mobile Humanitarian Hospital for Children (EIMHH), distributed Eid gift packs to children living in the Razzakabad relief camp in Karachi.
Published 16 Sep, 2010 12:00am
Ashraf Sugar Mills distributes readymade garments

Ashraf Sugar Mills distributes readymade garments

On behalf of Ashraf Sugar Mills on the eve of Eidul Fitr readymade garments and other items were distributed among thousands of flood affected people. Chaudhry Zaka Ashraf, President ZTBL was the chief guest of the ceremony. Chaudhry Zaka Ashraf has instr
Published 16 Sep, 2010 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 16 Sep, 2010 12:00am
The Weather

The Weather

The weather report on Wednesday (September 15, 2010) and the forecast for Thursday (September 16, 2010).

Published 16 Sep, 2010 12:00am
BP donates $1 million for flood relief

BP donates $1 million for flood relief

BP has donated $1 million to the International Federation of Red Cross and Red Crescent Societies to aid the victims of the floods in Pakistan. This donation supplements BP efforts in assisting communities and local administration in some of its concessio
Published 16 Sep, 2010 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on September 15, 2010.

Published 16 Sep, 2010 12:00am
Flood-hit people's rehabilitation: think tank proposed to chalk out plan

Flood-hit people's rehabilitation: think tank proposed to chalk out plan

The President of Pak-India Chamber of Commerce and Industry, S M Muneer, has proposed establishment of a think tank to chalked out a comprehensive plan for rehabilitation of the flood affected people and revival of economy. He said that the country was fa
Published 16 Sep, 2010 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on September 15, 2010.

Published 16 Sep, 2010 12:00am
HOH, IMC distribute over 150 tons of relief goods

HOH, IMC distribute over 150 tons of relief goods

House of Habib (HOH) and Indus Motor Company Ltd (IMC) have distributed more than 150 tons of relief goods to more than 30,000 people affected by the floods. The relief activities, mobilised since August 14, are being carried out through various base camp
Published 16 Sep, 2010 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on September 15, 2010.

Published 16 Sep, 2010 12:00am
FUUAST dispatches third aid consignment

FUUAST dispatches third aid consignment

The Federal Urdu University of Arts, Science and Technology (FUUAST) is dispatching the third consignment of relief goods for the flood affectees. This was announced by a spokesperson of the institution here on Wednesday. It was pointed out that the consi
Published 16 Sep, 2010 12:00am
Rehabilitation a challenge: chief minister Punjab

Rehabilitation a challenge: chief minister Punjab

Punjab Chief Minister Shahbaz Sharif has said that officers of the Punjab government and his political companions have set an unprecedented example of serving the calamity-stricken people during the worst flood of country's history. He said that if the sa
Published 16 Sep, 2010 12:00am
Japan to send new medical team

Japan to send new medical team

The Japan Disaster Relief team has been working actively for transportation of relief goods and medical treatment in the Southern Punjab. The Government of Japan has decided to continue extending its medical assistance to the people affected by the recent
Published 16 Sep, 2010 12:00am
French firm hands over three tons of relief goods to Army

French firm hands over three tons of relief goods to Army

French multinational Schneider Electric has handed over 3 tons of Relief goods to Pakistan Army for the flood relief victims. These relief goods have been brought by PTA to Lahore via Dubai. Relief Goods include blankets, pillows, rice, medicines, tents,
Published 16 Sep, 2010 12:00am
'Pakistan, German ties stagnant for a couple of years'

'Pakistan, German ties stagnant for a couple of years'

President, Karachi Chamber of Commerce and Industry (KCCI) Abdul Majid Haji Muhammad in a meeting with German delegation has said relations between Pakistan and Germany dates back from the independence of both the countries.
Published 16 Sep, 2010 12:00am
CDA shelves many mega projects due to financial constraints

CDA shelves many mega projects due to financial constraints

The Capital Development Authority (CDA) has shelved many mega development projects due to financial constraints it has received by decreasing budget for current year to Rs 22.7 billion from Rs 28 billion last year.
Published 16 Sep, 2010 12:00am
Karachiites brave prolonged loadshedding

Karachiites brave prolonged loadshedding

Despite the restoration of gas supply from SSGC to Karachi Electric Supply Company (KESC) some areas of the city braved prolonged loadshedding on Wednesday. Some parts of North Nazimabad, faced over 12 hours of loadshedding starting from Wednesday morning
Published 16 Sep, 2010 12:00am
Uproar regarding distribution of Watan Card irks Nadra official

Uproar regarding distribution of Watan Card irks Nadra official

Deputy Chairman National Database and Registration Authority (Nadra) Tariq Malik said that the hue and cry regarding the distribution of Watan Cards on political grounds is part of the malign campaign to disrupt the government relief and rehabilitation ef
Published 16 Sep, 2010 12:00am
Increasing costs force Indus Motors to increase price

Increasing costs force Indus Motors to increase price

Due to the unprecedented strengthening ofthe Yen which is at a 15 year high against major currencies, thus making the imported CKD and even local parts more costly as most of the raw materials are also imported, Indus Motor Company, which has been absorbi
Published 16 Sep, 2010 12:00am
Packaged milk price soars by Rs four per litre

Packaged milk price soars by Rs four per litre

Consumers will suffer another blow from unabated food inflation, as a prominent packaged milk processing company has announced an increase in the commodity price by Rs 4 per litre, retailers said on Wednesday. "The fresh price increase will become effecti
Published 16 Sep, 2010 12:00am
Sales tax returns date's extension demanded

Sales tax returns date's extension demanded

Income Tax Bar Association (ITBA) has asked the Federal Board of Revenue (FBR) to extend the date of e-filing of monthly sales tax returns till September 25, 2010. According to a statement issued here on Wednesday the members of Bar have requested to the
Published 16 Sep, 2010 12:00am
Khyber Pakhtunkhwa withdraws petition against power tariff hike

Khyber Pakhtunkhwa withdraws petition against power tariff hike

The provincial government of Khyber Pakhtunkhwa (KP) has withdrawn its petition against power tariff hike in the province. After this development the consumers of KP will also pay their electricity bills as per the rates in other parts of the country, whi
Published 16 Sep, 2010 12:00am
Profit after tax of Ismail Industries increases to Rs 211.214 million

Profit after tax of Ismail Industries increases to Rs 211.214 million

The profit after tax of Ismail Industries Limited has increased to Rs 211.214 million in the year ended June 30, 2010 (FY10) as compared to Rs 150.631 million earned in FY09. The company's earning per share increased to Rs 5.88 in the period under review
Published 16 Sep, 2010 12:00am
LG wins three EISA awards

LG wins three EISA awards

LG Electronics (LG) has won three awards in the prestigious European Imaging and Sound Associations (EISA) 2010 Awards programme. EISA awards are highly respected as its judging panels - formed from the editors of the publications within the association -
Published 16 Sep, 2010 12:00am
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