AIRLINK 191.84 Decreased By ▼ -1.66 (-0.86%)
BOP 9.87 Increased By ▲ 0.23 (2.39%)
CNERGY 7.67 Increased By ▲ 0.14 (1.86%)
FCCL 37.86 Increased By ▲ 0.16 (0.42%)
FFL 15.76 Increased By ▲ 0.16 (1.03%)
FLYNG 25.31 Decreased By ▼ -0.28 (-1.09%)
HUBC 130.17 Increased By ▲ 3.10 (2.44%)
HUMNL 13.59 Increased By ▲ 0.09 (0.67%)
KEL 4.67 Increased By ▲ 0.09 (1.97%)
KOSM 6.21 Increased By ▲ 0.11 (1.8%)
MLCF 44.29 Increased By ▲ 0.33 (0.75%)
OGDC 206.87 Increased By ▲ 3.63 (1.79%)
PACE 6.56 Increased By ▲ 0.16 (2.5%)
PAEL 40.55 Decreased By ▼ -0.43 (-1.05%)
PIAHCLA 17.59 Increased By ▲ 0.10 (0.57%)
PIBTL 8.07 Increased By ▲ 0.41 (5.35%)
POWER 9.24 Increased By ▲ 0.16 (1.76%)
PPL 178.56 Increased By ▲ 4.31 (2.47%)
PRL 39.08 Increased By ▲ 1.01 (2.65%)
PTC 24.14 Increased By ▲ 0.07 (0.29%)
SEARL 107.85 Increased By ▲ 0.61 (0.57%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 39.11 Increased By ▲ 2.71 (7.45%)
SYM 19.12 Increased By ▲ 0.08 (0.42%)
TELE 8.60 Increased By ▲ 0.36 (4.37%)
TPLP 12.37 Increased By ▲ 0.59 (5.01%)
TRG 66.01 Increased By ▲ 1.13 (1.74%)
WAVESAPP 12.78 Increased By ▲ 1.15 (9.89%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.95 Increased By ▲ 0.10 (2.6%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)
Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-02-04
Oil cake market rates

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The March vaida that had closed at Rs 1237.60 opened with 20 paisa gain at Rs 1237.80. The May contract commenced at Rs 1319.80 and it started w
Published 04 Feb, 2011 12:00am
Gold down in Asia

Gold down in Asia

Gold fell further on Thursday on economic optimism in the United States and Europe, but rising oil prices could offer support, while physical demand was expected to pick up again after the Lunar New Year celebration. Spot gold lost $7.50 to $1,328.50 an o
Published 04 Feb, 2011 12:00am
US gold falls

US gold falls

US gold futures ended lower on Wednesday after an encouraging private-sector jobs report and relative Middle Eastern stability despite protests in Egypt deflected interest from bullion on to higher-risk assets. COMEX April gold futures settled down $8.2 a
Published 04 Feb, 2011 12:00am
Liffe coffee sets 2-1/4-year peak, sugar tumbles

Liffe coffee sets 2-1/4-year peak, sugar tumbles

Liffe May robusta coffee ended $16 higher at $2,268 a tonne on Thursday after rising to a peak of $2,287, the highest for the second month since August 2008. Market supported strength of ICE arabicas, which climbed to a 13-1/2 year high on Thursday.Liffe
Published 04 Feb, 2011 12:00am
US soyabeans rise

US soyabeans rise

Soyabean futures on the Chicago Board of Trade extended their 28-1/2-month highs on Wednesday, lifted by spillover strength from wheat along with news of fresh sales of US soyabeans to China, traders said. USDA confirmed sales of 440,000 tonnes of US soya
Published 04 Feb, 2011 12:00am
New York sugar surges to 30-year high

New York sugar surges to 30-year high

Raw sugar futures shot up to close at the highest level in more than three decades on Wednesday, as a massive cyclone hit Australia, one of world's top sugar exporters, deepening concerns about tight global supplies. Cocoa futures on ICE rose to just belo
Published 04 Feb, 2011 12:00am
Tokyo rubber hits fresh record high

Tokyo rubber hits fresh record high

Tokyo rubber futures hit another record high on Thursday on the back of firm oil prices, tight supply and a pause in the yen's rise, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery rose 17.7 yen, or 3.7 percen
Published 04 Feb, 2011 12:00am
Oil dips from 28-month high

Oil dips from 28-month high

Oil prices eased on Thursday as a stronger dollar pulled crude off a 28-month high that was struck on concern unrest in Egypt could spread and disrupt oil shipments from the Middle East. The euro fell against the dollar after European Central Bank Preside
Published 04 Feb, 2011 12:00am
Copper hits record $10,000

Copper hits record $10,000

Copper struck a record high at $10,000 on Thursday while tin also hit all-time peaks, on supply deficit concerns and as recent economic data from top consumers China and the United States increased demand prospects. But copper eased to a day's low of $9,8
Published 04 Feb, 2011 12:00am
US copper unchanged

US copper unchanged

Copper ended flat after rising to its third consecutive record high just short of $10,000 a tonne on Wednesday as economic confidence spurred robust demand prospects in 2011 against a backdrop of tight supply. Copper again led a broader push higher in the
Published 04 Feb, 2011 12:00am
New York cotton futures plummet

New York cotton futures plummet

US cotton futures closed sharply lower in volatile trading on Thursday, as profit taking pulled the market off its latest record high on a day when the ICE Futures US exchange moved to curb speculation. Cotton futures closed with the biggest one-day decli
Published 04 Feb, 2011 12:00am
Food costs at records, UN warns of volatile era

Food costs at records, UN warns of volatile era

World food prices hit a record in January, the UN said, while its hunger arm warned bad weather meant a looming era of food volatility, an issue that has already helped spark protests across the Middle East. Up for the seventh month in a row, the closely
Published 04 Feb, 2011 12:00am
EU waives Iran visa ban, but Tehran stays silent

EU waives Iran visa ban, but Tehran stays silent

European Union states have agreed to waive a visa ban on Iran's foreign minister so he can attend a security conference in Germany this weekend, but Tehran has yet to reply to the invitation, an EU official said. The minister, Ali Akbar Salehi, is include
Published 04 Feb, 2011 12:00am
European law hampering terrorism fight: UK

European law hampering terrorism fight: UK

European rules on human rights that prevent some foreign terrorism suspects from being deported to their homelands are creating a "safe haven" for extremists in Britain, Britain's anti-terrorism watchdog said Thursday. Alex Carlile, a House of Lords membe
Published 04 Feb, 2011 12:00am
Relief as Australia mops up from giant cyclone

Relief as Australia mops up from giant cyclone

Australians voiced relief and surprise after one of the world's most powerful cyclones spared the nation's north-east coast from expected devastation on Thursday, with no reported deaths despite winds tearing off roofs and toppling trees.
Published 04 Feb, 2011 12:00am
Myanmar nominates pro-army candidates for presidency

Myanmar nominates pro-army candidates for presidency

Myanmar's new parliament nominated on Thursday three pro-military candidates for the presidency, signalling only nominal changes ahead and no real shift away from an army-dominated status quo. The nomination of three members of the Union Solidarity and De
Published 04 Feb, 2011 12:00am
Astronomers discover six planets

Astronomers discover six planets

Astronomers said on Thursday they had found six planets orbiting a distant star in the most exciting but also most challenging find since exploration of other solar systems began 15 years ago. None of the so-called exoplanets, orbiting the star Kepler-11
Published 04 Feb, 2011 12:00am
'Terrorists' kidnap Ronald McDonald

'Terrorists' kidnap Ronald McDonald

A group calling itself the Food Liberation Army has claimed responsibility for "kidnapping" a statue of the McDonald's food chain mascot Ronald McDonald and has threatened to "execute" the figure if their demands are not met. The group posted a video on Y
Published 04 Feb, 2011 12:00am
Iran to make nuclear weapon in 1-2 years

Iran to make nuclear weapon in 1-2 years

Iran could make a nuclear weapon in as little as one or two years if it wished, an influential think-tank said on Thursday - but industrial sabotage and the Stuxnet computer worm had probably slowed its progress. Evidence showed "beyond reasonable doubt"
Published 04 Feb, 2011 12:00am
Yemen 'Day of Rage' draws tens of thousands

Yemen 'Day of Rage' draws tens of thousands

Tens of thousands of Yemenis squared off in peaceful protests for and against the government on Thursday during an opposition-led "Day of Rage", a day after President Ali Abdullah Saleh offered to step down in 2013. The peaceful protests faded out by midd
Published 04 Feb, 2011 12:00am
Nepal picks new Prime Minister

Nepal picks new Prime Minister

Nepal's parliament elected a moderate communist leader as prime minister on Thursday, ending a political stalemate which the United Nations had warned could risk a peace process in the republic. Jhalnath Khanal, chief of the Communist UML party, was elect
Published 04 Feb, 2011 12:00am
Karzai and Manmohan reaffirm ties

Karzai and Manmohan reaffirm ties

The leaders of India and Afghanistan held talks on Thursday in New Delhi. Indian Prime Minister Manmohan Singh and Afghan President Hamid Karzai issued a joint statement said they discussed "the common threat faced by both their societies from terrorism."
Published 04 Feb, 2011 12:00am
Guantanamo prisoner dies while exercising: US

Guantanamo prisoner dies while exercising: US

An Afghan prisoner collapsed and died at the Guantanamo detention center after working out on an exercise machine, the US military said on Thursday. Awal Malim Gul, who was accused of being a Taliban commander and al Qaeda associate, died at the Guantanam
Published 04 Feb, 2011 12:00am
Six Afghans killed by roadside bomb

Six Afghans killed by roadside bomb

Six civilians, including two children, were killed when their rickshaw struck a roadside bomb in northern Afghanistan on Thursday, the Nato alliance said. Afghan police and coalition forces secured the area and were investigating the blast site in Kunduz
Published 04 Feb, 2011 12:00am
Longest-running banana trade row ends

Longest-running banana trade row ends

European Union lawmakers on Thursday approved a deal to cut EU import tariffs on bananas from Latin America, ending the world's longest-running trade row, a European Parliament official said. A majority in the European Parliament voted to cut duties on La
Published 04 Feb, 2011 12:00am
India resolves Iran oil payment issue

India resolves Iran oil payment issue

India has resolved a crude oil payment problem with Iran dating back to December and is set to begin clearing billions of dollars in delayed payments, an official said on Thursday. In December, India's central bank said payments to Iran - India's second b
Published 04 Feb, 2011 12:00am
Shell profit held back by weak refining

Shell profit held back by weak refining

Shell disappointed markets and its own chief executive with weak refining and downstream results on Thursday, as an oil price fuelled rebound in its fourth-quarter profit fell short of expectations. Shell's mixed results lagged stronger earnings from Chev
Published 04 Feb, 2011 12:00am
ECB sees prices rising

ECB sees prices rising

Inflation is likely to climb further and exceed the European Central Bank's target for most of the year but poses no threat yet to medium-term price stability, President Jean-Claude Trichet said on Thursday. Euro zone inflation accelerated to a 15-month h
Published 04 Feb, 2011 12:00am
Joblessness key cause of Egyptian unrest: ILO

Joblessness key cause of Egyptian unrest: ILO

The dearth of decent jobs for Egypt's booming population counts among the key reasons for massive protests now washing across the Arab nation, the International Labour Organisation (ILO) said Thursday. "The failure to address this situation effectively, w
Published 04 Feb, 2011 12:00am
Growth, inflation still missing Fed goals: Bernanke

Growth, inflation still missing Fed goals: Bernanke

The US economic recovery still needs help from the Federal Reserve despite signs of improvement, Chairman Ben Bernanke said on Thursday. The Fed chairman provided a modestly more rosy outlook for the world's largest economy than he has done in previous sp
Published 04 Feb, 2011 12:00am
Ford recalls 363,000 F-150 trucks

Ford recalls 363,000 F-150 trucks

Ford Motor Co is recalling nearly 363,000 F-150 pickup trucks in North America because of a potential problem with the door handles not working properly, the US National Highway Traffic Safety Administration reported on Thursday. Model years 2009 and 2010
Published 04 Feb, 2011 12:00am
US data points to stronger growth momentum

US data points to stronger growth momentum

Growth in the US services sector in January was the fastest in more than five years, another sign the economy started 2011 on a solid footing, with measures of employment showing more strength. Reports on Thursday, including a sharp fall in weekly claims
Published 04 Feb, 2011 12:00am
Surging inflation marks Europe services rebound

Surging inflation marks Europe services rebound

Vibrant growth in the eurozone and British services sectors brought with it new evidence of surging inflation pressures during January, according to business surveys published on Thursday. The Markit Services Purchasing Managers' Indexes (PMIs), which mea
Published 04 Feb, 2011 12:00am
Australia scores record trade surplus for 2010

Australia scores record trade surplus for 2010

Australia boasted its ninth straight month of sizeable trade surpluses in December as demand from China kept key commodity prices at dizzying heights while dire weather had less impact on shipments than feared. The surplus on goods and services amounted t
Published 04 Feb, 2011 12:00am
US chains beat estimates, snow in January

US chains beat estimates, snow in January

Major US retailers shrugged off the snowiest January in six years to post sales that blew past analysts' estimates, easing concerns that consumers were all spent out after the holidays. Retailers posted a 4.2 percent increase in sales at stores open at le
Published 04 Feb, 2011 12:00am
IMF clears Sri Lanka loan tranche

IMF clears Sri Lanka loan tranche

The Internati-onal Monetary Fund on Thursday approved Sri Lanka's sixth tranche of a $2.6 billion loan as expected, but urged more financial reform and commitment to executing changes that improve its weak fiscal position. The global lender also forecast
Published 04 Feb, 2011 12:00am
Ahmed lifts Pakistan to rare series win

Ahmed lifts Pakistan to rare series win

A maiden century by teenage opener Ahmed Shehzad inspired Pakistan to a 41-run win over New Zealand Thursday to wrap up the six-match one-day series with a game to spare. The 19-year-old cracked 115 off 109 deliveries in a masterful innings in Hamilton as
Published 04 Feb, 2011 12:00am
Pakistan, Turkmenistan football clash in March

Pakistan, Turkmenistan football clash in March

The second international soccer encounter between Pakistan and Turkmenistan will be played in the fourth AFC Challenge Cup Qualifier in March. The winners of the finals will qualify for the 16th Asian Cup at Australia 2015. Turkmenistan are being placed w
Published 04 Feb, 2011 12:00am
PFF refereeing standards on the road of improvement

PFF refereeing standards on the road of improvement

"Football is a global sport and its rules must be interpreted and applied with consistency wherever the game is played. PFF is pursuing a policy of ongoing training for its referees to ensure that refereeing standards continue to improve and the laws of t
Published 04 Feb, 2011 12:00am
Students' Week 2010-11: CIBES Sports Gala closing ceremony held

Students' Week 2010-11: CIBES Sports Gala closing ceremony held

Commecs Institute of Business and Emerging Sciences organised its closing ceremony of Sports Gala 2011 on January 29 at National Training and Coaching Centre. The legendary Hockey Olympian, Ayaz Mehmood was the Chief Guest, whereas Khalid Saleem, Member M
Published 04 Feb, 2011 12:00am
Tharanga's ton steers Sri Lanka to emphatic win

Tharanga's ton steers Sri Lanka to emphatic win

Upul Tharanga cracked an unbeaten 101 to steer Sri Lanka to an emphatic eight-wicket victory over the West Indies in the second one-day international on Thursday. The left-handed opener hit seven fours in his ninth one-day century as Sri Lanka achieved a
Published 04 Feb, 2011 12:00am
UEFA warns over Euro 2012 ticket scams

UEFA warns over Euro 2012 ticket scams

UEFA on Thursday warned against buying tickets for Euro 2012 from anywhere but its own website, saying fans risked being ripped off and unable to get into games. With only weeks until tickets go on sale for next year's European championships in Poland and
Published 04 Feb, 2011 12:00am
KBP to observe Kashmir Solidarity Day on February 5

KBP to observe Kashmir Solidarity Day on February 5

Kisan Board Pakistan (KBP) has announced to observe February 5 (Kashmir Solidarity Day) in a befitting manner to convey a message to the world community that whole Pakistani nation honour and recognise the Kashmir freedom movement and sacrifices being ren
Published 04 Feb, 2011 12:00am
Cartelisation: CCP imposes Rs 23 million penalty on PJMA, others

Cartelisation: CCP imposes Rs 23 million penalty on PJMA, others

The Competition Commission of Pakistan (CCP) has imposed a total penalty of Rs 23 million on Pakistan Jute Mills Association (PJMA) and its 10-member mills on the charges of caramelised behaviour and malpractices. The Commission is also carrying out a stu
Published 04 Feb, 2011 12:00am
Met office forecasts fresh six-day rain spell

Met office forecasts fresh six-day rain spell

The Meteorological Department here on Thursday predicted scattered rains with snowfall over the hills during 3rd to 8th February in different parts of the country. It said a westerly wave of moderate intensity, presently giving rains over Iran/Afghanistan
Published 04 Feb, 2011 12:00am
Sterling pares gains versus dollar

Sterling pares gains versus dollar

Sterling pared gains versus the dollar on Thursday in a move driven largely by a sharp drop in the euro after European Central Bank President Jean-Claude Trichet dampened expectations for a rate hike in the eurozone.
Published 04 Feb, 2011 12:00am
Indian rupee steadies

Indian rupee steadies

The rupee ended little changed on Thursday with support from upbeat domestic shares, but dollar demand from oil importers prevented gains in the local unit. The partially convertible rupee ended at 45.60/61 per dollar, little changed from 45.62/63 per dol
Published 04 Feb, 2011 12:00am
Australian rises, New Zealand dollar dips

Australian rises, New Zealand dollar dips

The Australian dollar was boosted by stronger-than-expected trade numbers on Thursday, a big positive for the economy and a stark contrast to its New Zealand neighbour which shed half a cent on Thursday following a surprise jump in unemployment.
Published 04 Feb, 2011 12:00am
Rouble jumps versus dollar

Rouble jumps versus dollar

The rouble hit a fresh nine-month peak against the dollar on Thursday as oil rose to its highest level since September 2008, potentially boosting revenue for the world's biggest crude producer. The Russian currency closed 8 kopecks firmer at 29.38 per dol
Published 04 Feb, 2011 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc fell against the euro and the dollar on Thursday as traders stayed cautious ahead of speeches from the heads of the European Central Bank and the US Federal Reserve later in the day. The franc was 0.2 percent lower against the euro compare
Published 04 Feb, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 71.15/71.15 (previous 71.14/71.15). Call Money Rates: 4.00-6.00 percent (previous 4.00-7.00 percent).
Published 04 Feb, 2011 12:00am
Euro tumbles versus dollar

Euro tumbles versus dollar

The euro fell from a 2-1/2-month high against the dollar on Wednesday as tensions in Egypt escalated, though the eurozone single currency's uptrend stayed intact given signs of rising inflation in that area. The euro climbed above $1.3860 overnight, its s
Published 04 Feb, 2011 12:00am
Early trade in New York: euro drops sharply

Early trade in New York: euro drops sharply

The euro fell broadly on Thursday and could extend weakness after European Central Bank President Jean-Claude Trichet threw cold water on market expectations eurozone interest rates would rise anytime soon. The euro fell nearly 2 cents on the day to near
Published 04 Feb, 2011 12:00am
Euro falls in London

Euro falls in London

The euro fell against the dollar on Thursday, with investors booking profits and as markets awaited the European Central Bank's latest comments on inflation after it kept interest rates on hold, as expected. The euro could rebound if US Federal Reserve Ch
Published 04 Feb, 2011 12:00am
Euro pauses below 12-week peak in Asia

Euro pauses below 12-week peak in Asia

The euro paused below a 12-week peak on Thursday, though hawkish comments from the European Central Bank later in the day could give it fresh impetus to test resistance around $1.3950. The euro could gain even more if Federal Reserve Chairman Ben Bernanke
Published 04 Feb, 2011 12:00am
Euro interbank rates climb

Euro interbank rates climb

Euro interbank rates rose on Thursday ahead of a European Central Bank monthly meeting where any fresh signals over its inflation outlook were seen likely to trigger fresh repricing of interest rate hike expectations. Last month markets brought forward th
Published 04 Feb, 2011 12:00am
Shell drags FTSE lower

Shell drags FTSE lower

Britain's top share index fell on Thursday, hurt by Royal Dutch Shell as the oil major's results were met with disappointment, while drugmaker GlaxoSmithKline rose after it decided to push ahead with a buyback programme. The FTSE 100 shed 16.73 points, or
Published 04 Feb, 2011 12:00am
Sri Lanka bourse at new record

Sri Lanka bourse at new record

Sri Lanka's bourse hit a new record high on Thursday as institutional investors started buying in large quantities after the International Monetary Fund approved the island nation's loan tranche with positive comments. The island's main share index touche
Published 04 Feb, 2011 12:00am
Australian shares up

Australian shares up

Australian stocks rose 0.5 percent on Thursday to reach the highest close in more than a week, with insurers and banks gaining after a major cyclone passed with less destruction than feared, miners gained and earnings results boosted select stocks. Tabcor
Published 04 Feb, 2011 12:00am
European shares flat

European shares flat

European shares ended flat on Thursday, after weak results from heavyweights Royal Dutch Shell and Santander were offset by data showing the US economic recovery was gathering pace. A less hawkish European Central Bank tone on interest rates had combined
Published 04 Feb, 2011 12:00am
Indian shares rise nearly two percent

Indian shares rise nearly two percent

Bargain hunting lifted Indian shares for a second day on Thursday after the market had skidded more than 12 percent since the start of January, but traders said the bounce may be short-lived on risk averse global sentiment. Realty and infrastructure firms
Published 04 Feb, 2011 12:00am
Rising food, oil prices hurt Treasuries

Rising food, oil prices hurt Treasuries

Rising food and energy costs fed inflation worries on Wednesday and spurred losses in the US Treasuries market for a third straight session, with the 30-year bond yield touching its highest since April 2010. Worries that rising prices will erode bond valu
Published 04 Feb, 2011 12:00am
Rising food, oil prices hurt Treasuries

Rising food, oil prices hurt Treasuries

Rising food and energy costs fed inflation worries on Wednesday and spurred losses in the US Treasuries market for a third straight session, with the 30-year bond yield touching its highest since April 2010. Worries that rising prices will erode bond valu
Published 04 Feb, 2011 12:00am
Middle East markets mixed

Middle East markets mixed

Middle East markets were mixed on Thursday, as investors warily watched escalating violence in Egypt, while gloomy world stocks weighed on regional indices. Dubai's blue chips Emaar Properties and builder Arabtec, both with interests in Egypt, fell. Emaar
Published 04 Feb, 2011 12:00am
Arab bourses shed $49 billion over Egypt unrest: report

Arab bourses shed $49 billion over Egypt unrest: report

Forty-nine billion dollars has been wiped off the value of shares on Arab stock markets since anti-government protests in Egypt began, Kuwaiti asset managers KAMCO said Thursday. The capitalisation of 13 Arab bourses plunged from $991 billion on January 2
Published 04 Feb, 2011 12:00am
Arab bourses shed $49 billion over Egypt unrest: report

Arab bourses shed $49 billion over Egypt unrest: report

Forty-nine billion dollars has been wiped off the value of shares on Arab stock markets since anti-government protests in Egypt began, Kuwaiti asset managers KAMCO said Thursday. The capitalisation of 13 Arab bourses plunged from $991 billion on January 2
Published 04 Feb, 2011 12:00am
Wall Street stalls

Wall Street stalls

US stocks stalled on Wednesday as technical measures suggested a five-month rally was growing long in the tooth. Investors were reluctant to make big bets even though a report showed US private employers added more jobs than expected in January. The S&P 5
Published 04 Feb, 2011 12:00am
Thursday's early afternoon trade: rally loses steam

Thursday's early afternoon trade: rally loses steam

US stocks slipped on Thursday as concerns over increasing disorder in Egypt and signs of exhaustion in the recent market rally weighed on investor sentiment. But major indexes were well off their lows by early afternoon, possibly showing their strength to
Published 04 Feb, 2011 12:00am
Nikkei average falls

Nikkei average falls

Japan's Nikkei average edged lower on Thursday after surging the day before, as worries over an escalation of violence in Egypt nudged investors towards safer assets. Tumbles in high-tech stocks Panasonic Corp and Ricoh Co after reporting October-December
Published 04 Feb, 2011 12:00am
Russian corruption holding back its markets

Russian corruption holding back its markets

Russia is narrowing its discount to other BRIC stock markets thanks to strong oil and metals prices but needs to beat corruption to erase the gap, investors and analysts said on Thursday. Debate at a major Moscow investment forum on the relative merits of
Published 04 Feb, 2011 12:00am
Deutsche Bank claims market share as margins dip

Deutsche Bank claims market share as margins dip

Deutsche Bank is winning market share to combat falling margins in its key investment banking arm and is confident of its ambitious 2011 profit target, top bosses said on Thursday. The bank also revealed an average investment banker pay of over $500,000 e
Published 04 Feb, 2011 12:00am
MasterCard beats forecasts on more spending abroad

MasterCard beats forecasts on more spending abroad

MasterCard Inc's fourth-quarter profit soared 41 percent, beating expectations, as consumers around the world spent more money using credit and debit cards. Revenue rose almost 11 percent to $1.44 billion, slightly above expectations. Chief Executive Offi
Published 04 Feb, 2011 12:00am
Cotton futures prices continue their upward spiral with gusto

Cotton futures prices continue their upward spiral with gusto

With several bullish factors conglomerating to push up cotton prices across the world, New York fibre futures kept spiraling northwards at record pace and performance. Indian refusal to allow shipments of cotton against existing contracts on a vast scale,
Published 04 Feb, 2011 12:00am
Yellow peas prices higher on grain market

Yellow peas prices higher on grain market

Grams prices were higher on the wholesales grain and seed market on Thursday in process of the sluggish trading, dealers said. On the grams side yellow peas Canada was higher by Rs 100 to Rs 3750-3900, yellow peas dal Canada was up by Rs 150 to Rs 4200-43
Published 04 Feb, 2011 12:00am
Lint prices soar to new highs on cotton market

Lint prices soar to new highs on cotton market

Rates hit the new high on the cotton market on Thursday as mills did purchasing amid confusions over the contracts of import of Indian cotton, dealers said. The Karachi Cotton Association (KCA) spot rate was unchanged at Rs 11000, they said. Phutti prices
Published 04 Feb, 2011 12:00am
Automatic clearance of ST refund: FBR introduces new provision in ERS

Automatic clearance of ST refund: FBR introduces new provision in ERS

The Federal Board of Revenue (FBR) has introduced a new provision in the Expeditious Refund System (ERS) for automatic clearance of sales tax refund under no objection to avoid blockage of claims under the electronic system. In this regard, the FBR has am
Published 04 Feb, 2011 12:00am
Remaining five months: FBR chalks out new plan to increase revenue

Remaining five months: FBR chalks out new plan to increase revenue

The Federal Board of Revenue has chalked out a new plan to increase revenue collection in the remaining five months (February-June) of 2010-11 by taking strict enforcement action against the withholding agents, who deduct taxes, but fail to deposit the sa
Published 04 Feb, 2011 12:00am
Remaining five months: FBR chalks out new plan to increase revenue

Remaining five months: FBR chalks out new plan to increase revenue

The Federal Board of Revenue has chalked out a new plan to increase revenue collection in the remaining five months (February-June) of 2010-11 by taking strict enforcement action against the withholding agents, who deduct taxes, but fail to deposit the sa
Published 04 Feb, 2011 12:00am
Remaining five months: FBR chalks out new plan to increase revenue

Remaining five months: FBR chalks out new plan to increase revenue

The Federal Board of Revenue has chalked out a new plan to increase revenue collection in the remaining five months (February-June) of 2010-11 by taking strict enforcement action against the withholding agents, who deduct taxes, but fail to deposit the sa
Published 04 Feb, 2011 12:00am
Automatic clearance of ST refund: FBR introduces new provision in ERS

Automatic clearance of ST refund: FBR introduces new provision in ERS

The Federal Board of Revenue (FBR) has introduced a new provision in the Expeditious Refund System (ERS) for automatic clearance of sales tax refund under no objection to avoid blockage of claims under the electronic system. In this regard, the FBR has am
Published 04 Feb, 2011 12:00am
Automatic clearance of ST refund: FBR introduces new provision in ERS

Automatic clearance of ST refund: FBR introduces new provision in ERS

The Federal Board of Revenue (FBR) has introduced a new provision in the Expeditious Refund System (ERS) for automatic clearance of sales tax refund under no objection to avoid blockage of claims under the electronic system. In this regard, the FBR has am
Published 04 Feb, 2011 12:00am
Previous Day