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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-01-15
Euro surges in New York

Euro surges in New York

The euro rose the most against the dollar in six months on Thursday and further gains were expected in the near term following solid Spanish and Portuguese debt auctions and after the head of the European Central Bank expressed concerns about inflation. A
Published 15 Jan, 2011 12:00am
Former World Cup referee admits drug smuggling

Former World Cup referee admits drug smuggling

Former World Cup referee Byron Moreno pleaded guilty Thursday to heroin smuggling charges, the US attorney's office said. Ecuador's Moreno, who is being held without bail, admitted one count of heroin smuggling, spokesman Robert Nardoza said, and faces mo
Published 15 Jan, 2011 12:00am
Simon to play Troicki in Sydney final

Simon to play Troicki in Sydney final

Serbia's Viktor Troicki will look to overturn a losing four-match run when he takes on Frenchman Gilles Simon in the final of the Sydney International on Saturday. Fourth seed Troicki has yet to take a set off Simon in their four meetings as he continues
Published 15 Jan, 2011 12:00am
Nadal test in bid for Grand Slam glory

Nadal test in bid for Grand Slam glory

World number one Rafael Nadal faces a likely Australian Open semi-final with Robin Soderling or Andy Murray as he bids to become the first man in 42 years to hold all four major titles simultaneously. Soderling and 2010 finalist Murray were placed in the
Published 15 Jan, 2011 12:00am
Rupiah near six-month low

Rupiah near six-month low

The Indonesian rupiah weakened within sight of six-month lows on Friday, dragged by falling offshore non-deliverable forwards and outflows from the local stock and bond markets. A sharp sell-off in stocks last week and rising yields in the bond market hav
Published 15 Jan, 2011 12:00am
Yuan hits record high

Yuan hits record high

The yuan on Friday hit a record high as a global slide in the dollar consolidated optimism the yuan will continue appreciating in the coming days during Chinese President Hu Jintao's visit to Washington from January 18-20. The yuan hit an intraday high of
Published 15 Jan, 2011 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee weakened on Friday as a sharp sell-off in domestic shares coupled with demand for the US unit to swap for euros after the single currency's global rally, weighed on the local unit. The partially convertible rupee closed at 45.37/38 per do
Published 15 Jan, 2011 12:00am
Swiss franc lower versus euro

Swiss franc lower versus euro

The Swiss franc extended losses against the euro on Friday, a day after its sharpest one-day fall against the single currency since September on hawkish European Central Bank comments and solid sales of Spanish debt. The franc dropped a further 0.4 percen
Published 15 Jan, 2011 12:00am
Australian, New Zealand dollars fall

Australian, New Zealand dollars fall

The Australian dollar was trapped near a four-week low on the euro on Friday following a vicious offshore rally in the single currency which lifted it across the board. The euro hit hard the Aussie, with the single currency hovering around A$1.3386 on Fri
Published 15 Jan, 2011 12:00am
Li upsets Clijsters to take Sydney title

Li upsets Clijsters to take Sydney title

China's Li Na upset two-time champion Kim Clijsters on Friday to win the Sydney International title and her fourth career WTA crown. Eighth seed Li recovered from going behind 0-5 in the opening set to rally for a convincing 7-6 (7/3), 6-3 victory in 1hr
Published 15 Jan, 2011 12:00am
Midday trade in New York: Euro on pace for best week since mid-2009

Midday trade in New York: Euro on pace for best week since mid-2009

The euro headed for its best week in more than 1-1/2 years on Friday and could extend gains after a string of successful securities auctions by indebted eurozone nations calmed fears of the region's credit crisis. The euro earlier hit just above $1.3450,
Published 15 Jan, 2011 12:00am
Euro, Aussie dip in London

Euro, Aussie dip in London

The euro fell back from one-month highs against the dollar and the Australian dollar dipped on Friday after China raised banks' reserve requirements by a further 50 basis points. China's tightening move, the fourth increase in reserve requirements in just
Published 15 Jan, 2011 12:00am
Euro slips in Asia

Euro slips in Asia

The euro succumbed to light profit-taking on Friday, a day after staging its biggest surge in six months on solid debt sales by Spain and tough talk on inflation by the chief of the European Central Bank. Speculation that European policy-makers may top up
Published 15 Jan, 2011 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling hit a one-month high against the dollar on Friday on expectations UK interest rates could rise in coming months due to sticky inflation, a view bolstered by higher-than-expected producer prices. The pound also gained ground against the euro despi
Published 15 Jan, 2011 12:00am
Euro interbank rates rise

Euro interbank rates rise

Euro interbank lending rates rose on Friday after the European Central Bank indicated it could raise interest rates to contain inflation even while the region is gripped by a debt crisis. Eurozone inflation jumped last month to 2.2 percent, the first time
Published 15 Jan, 2011 12:00am
Myanmar planning large-scale privatisation

Myanmar planning large-scale privatisation

Myanmar could undergo a major economic upheaval following controversial elections last year, as local media reported the country plans to privatise most of its state-owned industries. Deputy minister of industry Khin Maung Kyaw was quoted in Biweekly Elev
Published 15 Jan, 2011 12:00am
Strong yen forces Daihatsu out of Europe

Strong yen forces Daihatsu out of Europe

Japanese automaker Daihatsu, a subsidiary of Toyota, on Friday said it would pull out of the European market within two years because of the strong yen cutting profits. The strength of the currency has made exporting vehicles from Japan to Europe nearly i
Published 15 Jan, 2011 12:00am
Taliban 'to allow girls education': minister

Taliban 'to allow girls education': minister

The Taliban is to drop its opposition to the education of girls in Afghanistan, the country's education minister has told British media. Farooq Wardak said in an interview with the TES (Times Education Supplement) that a "cultural change" meant the Taliba
Published 15 Jan, 2011 12:00am
Batsmen need to back up bowlers: Vettori

Batsmen need to back up bowlers: Vettori

New Zealand captain Daniel Vettori has echoed coach John Wright and asked his batsmen to back up their bowlers if the home side have any chance of squaring the series against Pakistan when the second test begins at the Basin Reserve on Saturday.
Published 15 Jan, 2011 12:00am
Second Test today: Misbah hopes of improvement not series sweep

Second Test today: Misbah hopes of improvement not series sweep

Taking a 2-0 sweep of the Test series against New Zealand was not on the mind of Pakistan captain Misbah-ul-haq as his side made their final preparations for the second Test at the Basin Reserve on Friday. The tourists won the first Test in Hamilton by 10
Published 15 Jan, 2011 12:00am
SBP win

SBP win

The State Bank of Pakistan (SBP) on Friday won the first one day match against Karachi Zebras by 6 wickets. It was SBP's first one dayer played in a National One Day Cup 2011 tournament, organised by Pakistan Cricket Board. It may be mentioned here that K
Published 15 Jan, 2011 12:00am
PFA head felicitates Faisal Saleh Hayat

PFA head felicitates Faisal Saleh Hayat

President, Palestinian Football Association (PFA), Rajoub Jibril has congratulated President PFF, Makhdoom Syed Faisal Saleh Hayat for being elected as member of AFC Executive Committee during 24th Asian Football Confederation (AFC) Congress in Doha, Qata
Published 15 Jan, 2011 12:00am
Olympic Football Tournament: PFF okays 46 probables for youth team

Olympic Football Tournament: PFF okays 46 probables for youth team

Pakistan Football Federation (PFF)'s President Faisal Saleh Hayat has approved 46 players for the build-up matches for national youth soccer team to appear in the 2012 Olympic Football Asian Qualifying Tournament. The camp will be organised from 15th Janu
Published 15 Jan, 2011 12:00am
Australia, South Korea share spoils

Australia, South Korea share spoils

Australia and South Korea shared the spoils 1-1 in the battle of the big guns at the Asian Cup on Friday as both sides inched closer to the quarter-finals. The two Asian heavyweights are both seen as potential champions but neither could find the winner a
Published 15 Jan, 2011 12:00am
Bin Hammam rules out World Cup date change

Bin Hammam rules out World Cup date change

Asian football chief Mohamed Bin Hammam on Friday ruled out shifting the 2022 World Cup in Qatar to winter or staging tournament matches around the Gulf region. Bin Hammam told Sky News in an interview that he was "unimpressed" by suggestions from FIFA Pr
Published 15 Jan, 2011 12:00am
Australia end England's winning streak

Australia end England's winning streak

Australia finally had something to celebrate after recording an unlikely four-run win over England in the second Twenty20 international at the Melbourne Cricket Ground on Friday. After Australia battled to 147-7 thanks to an unbeaten half-century by secon
Published 15 Jan, 2011 12:00am
Ambani barred from investing in stock market

Ambani barred from investing in stock market

Indian billionaire Anil Ambani has been barred from investing in the stock market until December, authorities said Friday, in a settlement of a long-running regulatory inquiry into some of his companies. The settlement was agreed between Ambani, ranked as
Published 15 Jan, 2011 12:00am
Father of modern Chinese navy dies at 95

Father of modern Chinese navy dies at 95

Admiral Liu Huaqing, considered the father of the modern Chinese navy and a close confidant of Deng Xiaoping, died Friday at the age of 95, the official Xinhua news agency reported. Liu, who joined the Communist Party in 1935, reached the highest levels o
Published 15 Jan, 2011 12:00am
Israeli army to collect settler weapons

Israeli army to collect settler weapons

The Israeli army said on Friday it would begin collecting weapons from Jewish settlers across the West Bank, in a move it said was aimed at curbing weapons theft. The move was first reported in the top-selling Yediot Aharonot daily, which said the decisio
Published 15 Jan, 2011 12:00am
Sri Lanka president offers to share power with Tamils

Sri Lanka president offers to share power with Tamils

Sri Lanka's president offered to share power with minority Tamils Friday, nearly two years after his troops put down a separatist war by ethnic Tamil Tiger rebels. President Mahinda Rajapakse told foreign correspondents at his tightly guarded Temple Trees
Published 15 Jan, 2011 12:00am
Middle East impasse might hit funding: Norway

Middle East impasse might hit funding: Norway

European nations may consider halting critical aid to Palestinians living on Israeli-occupied land if stalled peace talks fail to get going again, Norway's foreign minister was quoted as saying on Friday. Europe has handed over an average 300 million euro
Published 15 Jan, 2011 12:00am
Erdogan asks Merkel to apologise for Cyprus remarks

Erdogan asks Merkel to apologise for Cyprus remarks

Turkish Prime Minister Tayyip Erdogan called on Friday for German Chancellor Angela Merkel to apologise after she blamed Turkish Cypriots for an impasse in reunification talks on the Mediterranean island of Cyprus. The division of Cyprus is a key obstacle
Published 15 Jan, 2011 12:00am
US arms treaty passes latest hurdle in Russia

US arms treaty passes latest hurdle in Russia

Russia's State Duma lower house of parliament on Friday passed in a second and penultimate reading the ratification bill for a landmark nuclear disarmament pact with the United States, A total of 349 deputies in the 450-strong Duma voted in favour of the
Published 15 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 14, 2011).

Published 15 Jan, 2011 12:00am
Changes in PIA senior management positions

Changes in PIA senior management positions

Following transfers and postings have been made in PIA at Senior Management positions. PIA''s Director Corporate Planning, Shahnawaz Rehman has also been given the Charge of Director HR Administration & Co-ordination upon retirement of Haneef Pathan who i
Published 15 Jan, 2011 12:00am
Urea import alternatives: MoIP summary not considered by ECC

Urea import alternatives: MoIP summary not considered by ECC

The Economic Co-ordination Committee (ECC) of the Cabinet didn't consider a summary moved by the Ministry of Industries and Production proposing different options as alternatives to urea import, well informed sources told Business Recorder. The gov
Published 15 Jan, 2011 12:00am
Urea import alternatives: MoIP summary not considered by ECC

Urea import alternatives: MoIP summary not considered by ECC

The Economic Co-ordination Committee (ECC) of the Cabinet didn't consider a summary moved by the Ministry of Industries and Production proposing different options as alternatives to urea import, well informed sources told Business Recorder. The gov
Published 15 Jan, 2011 12:00am
Urea import alternatives: MoIP summary not considered by ECC

Urea import alternatives: MoIP summary not considered by ECC

The Economic Co-ordination Committee (ECC) of the Cabinet didn''t consider a summary moved by the Ministry of Industries and Production proposing different options as alternatives to urea import, well informed sources told Business Recorder. The go
Published 15 Jan, 2011 12:00am
Rs 107 billion PL, GST collected in July-December period

Rs 107 billion PL, GST collected in July-December period

The government has collected Rs 107 billion revenue on account of Petroleum Levy (PL) and general sales tax (GST) on petroleum products during first half (July-December) of ongoing financial year 2010-11. According to break-up, the government collected Rs
Published 15 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Jan, 2011 12:00am
Rs 107 billion PL, GST collected in July-December period

Rs 107 billion PL, GST collected in July-December period

The government has collected Rs 107 billion revenue on account of Petroleum Levy (PL) and general sales tax (GST) on petroleum products during first half (July-December) of ongoing financial year 2010-11. According to break-up, the government collected Rs
Published 15 Jan, 2011 12:00am
Rs 107 billion PL, GST collected in July-December period

Rs 107 billion PL, GST collected in July-December period

The government has collected Rs 107 billion revenue on account of Petroleum Levy (PL) and general sales tax (GST) on petroleum products during first half (July-December) of ongoing financial year 2010-11. According to break-up, the government collected Rs
Published 15 Jan, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jan, 2011 12:00am
'Nuclear' candy turns out to be toxic

'Nuclear' candy turns out to be toxic

US authorities issued a recall Friday for a brand of Pakistan-made candy called Toxic Waste Nuclear Sludge Chew Bars because it turns out the sweets actually are toxic. Tests showed that the cherry flavouring in the chew bars contained extremely high leve
Published 15 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jan, 2011 12:00am
'Nuclear' candy turns out to be toxic

'Nuclear' candy turns out to be toxic

US authorities issued a recall Friday for a brand of Pakistan-made candy called Toxic Waste Nuclear Sludge Chew Bars because it turns out the sweets actually are toxic. Tests showed that the cherry flavouring in the chew bars contained extremely high leve
Published 15 Jan, 2011 12:00am
ICC hopes for return of Pakistan tours

ICC hopes for return of Pakistan tours

Pakistan needs to convince international teams that it is safe to resume tours to the country, an official of the sport's global governing body told reporters on Friday. Dave Richardson, the International Cricket Council's (ICC) general manager, said he h
Published 15 Jan, 2011 12:00am
ICC hopes for return of Pakistan tours

ICC hopes for return of Pakistan tours

Pakistan needs to convince international teams that it is safe to resume tours to the country, an official of the sport's global governing body told reporters on Friday. Dave Richardson, the International Cricket Council's (ICC) general manager, said he h
Published 15 Jan, 2011 12:00am
Gas pipeline, well blown up

Gas pipeline, well blown up

Rebels blew up a natural gas pipeline and a gas well in restive Balochistan on Friday, officials said, the latest in a wave of attacks in the mineral-rich province. "The 20-inch diameter pipeline was blown up early on Friday which connects 10 gas wells to
Published 15 Jan, 2011 12:00am
Gas pipeline, well blown up

Gas pipeline, well blown up

Rebels blew up a natural gas pipeline and a gas well in restive Balochistan on Friday, officials said, the latest in a wave of attacks in the mineral-rich province. "The 20-inch diameter pipeline was blown up early on Friday which connects 10 gas wells to
Published 15 Jan, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (January 14, 2011).

Published 15 Jan, 2011 12:00am
India to cut IHK forces by 25 percent

India to cut IHK forces by 25 percent

India will reduce its security forces by a quarter in occupied Kashmir, where a two-decade insurgency has declined in intensity, the country's top home ministry official said on Friday. Speaking at a university seminar on Kashmir in the Indian capital, Ho
Published 15 Jan, 2011 12:00am
India to cut IHK forces by 25 percent

India to cut IHK forces by 25 percent

India will reduce its security forces by a quarter in occupied Kashmir, where a two-decade insurgency has declined in intensity, the country's top home ministry official said on Friday. Speaking at a university seminar on Kashmir in the Indian capital, Ho
Published 15 Jan, 2011 12:00am
KSE may introduce MTS from February

KSE may introduce MTS from February

After a gap of 21 months, Pakistan capital market is expected to have a new leverage product, namely 'Margin Trading System' (MTS) most likely from early next month. In the absence of any leverage support, market activity had touched its historic lows as
Published 15 Jan, 2011 12:00am
KSE may introduce MTS from February

KSE may introduce MTS from February

After a gap of 21 months, Pakistan capital market is expected to have a new leverage product, namely 'Margin Trading System' (MTS) most likely from early next month. In the absence of any leverage support, market activity had touched its historic lows as
Published 15 Jan, 2011 12:00am
THE RUPEE: euro sharply up

THE RUPEE: euro sharply up

The rupee was sharply lower against euro, while it showed mixed trend versus dollar on the currency market on Friday, dealers said. The rupee maintained its upward trend against dollar, rising 10 paisa for buying and selling at 85.56 and 85.60, they said.
Published 15 Jan, 2011 12:00am
KSE may introduce MTS from February

KSE may introduce MTS from February

After a gap of 21 months, Pakistan capital market is expected to have a new leverage product, namely ''Margin Trading System'' (MTS) most likely from early next month. In the absence of any leverage support, market activity had touched its historic lows a
Published 15 Jan, 2011 12:00am
THE RUPEE: euro sharply up

THE RUPEE: euro sharply up

The rupee was sharply lower against euro, while it showed mixed trend versus dollar on the currency market on Friday, dealers said. The rupee maintained its upward trend against dollar, rising 10 paisa for buying and selling at 85.56 and 85.60, they said.
Published 15 Jan, 2011 12:00am
'Khosa right person for the post of Punjab Governor'

'Khosa right person for the post of Punjab Governor'

Federal Minister for Women Development, Dr Firdous Ashiq Awan on Friday said the newly appointed Punjab Governor Sardar Latif Khan Khosa will play his role in curbing extremism and providing justice to common man. Talking to reporters during her visit to
Published 15 Jan, 2011 12:00am
PTCL data centre inaugurated in Lahore

PTCL data centre inaugurated in Lahore

Punjab Chief Minister, Mian Shahbaz Sharif inaugurated Pakistan Telecommunication Company Limited (PTCL) Data Centre in the provincial metropolis on Friday. Speaking at the inaugural ceremony, he appreciated PTCL for improving its services, mainly after i
Published 15 Jan, 2011 12:00am
France's help in overcoming energy crises sought

France's help in overcoming energy crises sought

Punjab Chief Minister, Muhammad Shahbaz Sharif has requested France to extend co-operation in overcoming the serious energy crisis, saying French companies and Punjab government can launch joint ventures for the purpose. He said Pakistan is facing serious
Published 15 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 14, 2011).

Published 15 Jan, 2011 12:00am
US urged to provide market access to woman entrepreneurs

US urged to provide market access to woman entrepreneurs

Advisor to Prime Minister on Women Development Yasmeen Rehman has urged the US authorities to provide market access to Pakistani women entrepreneurs to help ensure women empowerment besides strengthening economy of Pakistan. She said this while addressing
Published 15 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 14, 2011).

Published 15 Jan, 2011 12:00am
DAG Abid Saqi resigns

DAG Abid Saqi resigns

Deputy Attorney General, Abid Saqi has resigned from his office due to some personal reasons. An officer of Attorney General Office said that Saqi used to complain about poor salary packages and urged the authorities time and again to enhance salaries of
Published 15 Jan, 2011 12:00am
Fair distribution of gas among provinces urged

Fair distribution of gas among provinces urged

Inefficient load management by the gas company has damaged the export base of textile industry incurring loss of 80 million dollars in foreign exchange for the country, said Adil Manzoor Ellahi, Acting Chairman Pakistan Textile Exporters Association while
Published 15 Jan, 2011 12:00am
'Khosa may not be a good replacement of Taseer'

'Khosa may not be a good replacement of Taseer'

Pakistan Peoples Party's new Governor Punjab, Sardar Muhammad Latif Khosa can not fit in the shoes of late Salman Taseer as a strong man in Punjab and become a source of inspiration for helpless party workers. Taseer spoke his mind on blasphemy law until
Published 15 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 14, 2011).

Published 15 Jan, 2011 12:00am
Japan keen to invest in construction sector

Japan keen to invest in construction sector

A two-member Japanese investors' delegation showed its willingness to invest in the construction sector and related fields in Pakistan. While talking to Punjab Industrial Estate Chairman, S.M. Tanveer at Sundar Industrial Estate, they said that Pakistan i
Published 15 Jan, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (January 14, 2011) and for Saturday (January 15, 2011).
Published 15 Jan, 2011 12:00am
Pepco dispels power crisis impression

Pepco dispels power crisis impression

A spokesman of Pakistan Electric Power Company (Pepco) has rejected apprehensions that power crisis would be intensified as power generation of 1700MW was added in the system during the last one year and an additional power generation of 1000MW is in the
Published 15 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 14, 2011).

Published 15 Jan, 2011 12:00am
National Assembly body concerned over use of unapproved Bt cotton seed

National Assembly body concerned over use of unapproved Bt cotton seed

NA Standing Committee on Food and Agriculture while showing grave concern over the use of unapproved seed of Bt cotton across the country, has directed all the relevant departments to devise a viable plan within 3 to 4 years to protect the crop from disea
Published 15 Jan, 2011 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Friday (January 14, 2011).

Published 15 Jan, 2011 12:00am
Cellular industry: advisory board to address technical issues: Aseff

Cellular industry: advisory board to address technical issues: Aseff

Federal Minister for Information Technology and Telecommun-ications, Sardar Aseff Ahmed Ali, has said that an advisory board will be formed to address the technical issues of the cellular industry. The minister expressed these views while talking to a del
Published 15 Jan, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on January 11, 2011.

Published 15 Jan, 2011 12:00am
Engro Rupiya Certificates' reach Rs 4 billion

Engro Rupiya Certificates' reach Rs 4 billion

Engro Rupiya Certificates have reached a net worth of Rs 4 billion, with the target having been met before the announced IPO closing period, with 80% of the amount having come from individual investors. Launched back in October 2010, Engro Rupiya Certific
Published 15 Jan, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on January 11, 2011.

Published 15 Jan, 2011 12:00am
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