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Oct 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-06-03
US copper lower

US copper lower

Copper lost more than 1 percent of its value and ended near session lows on Wednesday, hit by fears of sustained weakness in industrial demand after data showed a further deceleration in global factory growth. In New York, the July COMEX contract dropped
Published 03 Jun, 2011 12:00am
Shanghai copper slips

Shanghai copper slips

The most-active August copper contract on the Shanghai Futures Exchange fell 1 percent to 67,660 yuan per tonne on Thursday. Traders said LME copper remained $550 a tonne or so above where Chinese buyers would be comfortable buying, while Shanghai would s
Published 03 Jun, 2011 12:00am
US copper lower

US copper lower

Copper lost more than 1 percent of its value and ended near session lows on Wednesday, hit by fears of sustained weakness in industrial demand after data showed a further deceleration in global factory growth. In New York, the July COMEX contract dropped
Published 03 Jun, 2011 12:00am
Copper falls to week low

Copper falls to week low

Copper fell to its lowest in a week on Thursday after US weekly jobless claims fell less than expected, heightening concerns about the world's biggest economy and outweighing a normally supportive weak dollar. Benchmark copper on the London Metal Exchange
Published 03 Jun, 2011 12:00am
New York cotton ends at month high

New York cotton ends at month high

US cotton futures finished at a month high Thursday on investor buying sparked by the worst drought in a century in the key growing state of Texas, analysts said. The National Drought Monitor said in a report that more than half of Texas, the biggest cott
Published 03 Jun, 2011 12:00am
New York soft commodities weaker

New York soft commodities weaker

Coffee, cocoa and sugar futures fell on Wednesday as US data indicated economic growth may be slowing more than expected, analysts said. Investors dumped US stocks and the dollar, crude slid by up to 1.0 percent and safe-haven buyers flocked to gold as it
Published 03 Jun, 2011 12:00am
Tokyo rubber futures at one-week low

Tokyo rubber futures at one-week low

Tokyo rubber futures fell to a one-week low on Thursday due to weaker oil prices and a stronger Japanese yen, but prices were still supported by limited supply in producing countries, dealers said. The benchmark rubber contract on the Tokyo Commodity Exch
Published 03 Jun, 2011 12:00am
Malaysian palm oil climbs

Malaysian palm oil climbs

Malaysian palm oil futures rose 1.3 percent on Thursday as traders await signs of Asian and Middle Eastern countries stockpiling ahead of the Muslim holy month of Ramadan in August. Countries from Bangladesh to Egypt will start buying more at least two m
Published 03 Jun, 2011 12:00am
Liffe coffee tumbles over three percent

Liffe coffee tumbles over three percent

Liffe September robusta coffee ended $90 lower at $2,505 a tonne on Thursday, tracking some of the recent losses in New York after breaking below technical levels. Liffe August white sugar closes $19.30 higher at $683.90 a tonne, supported by strong deman
Published 03 Jun, 2011 12:00am
US gold stays strong

US gold stays strong

Gold held onto healthy gains on Wednesday in late trade, though off earlier one-month highs, as investors sought its safety after weaker US manufacturing data and a private-sector jobs report for May. Spot gold was trading at $1,538.40 an ounce at 3:55 pm
Published 03 Jun, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold prices held steady on Thursday, after rising to a one-month high in the previous session when Moody's downgrading of Greece and weak US economic data sent some investors to seek a safe-haven in bullion. Spot gold was barely changed at $1,540.50
Published 03 Jun, 2011 12:00am
Gold eases in Europe

Gold eases in Europe

Gold eased but held in sight of four-week highs on Thursday, supported by concern about the outlook for US growth and the European debt crisis. Data this week has painted a picture of a US economy that may be running out of steam as companies hired fewer
Published 03 Jun, 2011 12:00am
US MIDDAY: sugar and coffee surge

US MIDDAY: sugar and coffee surge

Raw sugar futures rallied to close up 4.7 percent at a five-week high early on Thursday, in its biggest one-day hike in 2011 as the market took back Wednesday's steep losses on cash buying in heavy volume. Arabica coffee reversed to settle up 2 percent af
Published 03 Jun, 2011 12:00am
US MIDDAY: grain markets climb

US MIDDAY: grain markets climb

US grain prices climbed about 1 percent early on Thursday amid worries that poor weather would crimp crop production even as economic concerns held down other commodities such as oil and copper. Wheat futures jumped 1.3 percent, rebounding from a two-day
Published 03 Jun, 2011 12:00am
The Weather

The Weather

The weather report on Thursday (June 02, 2011) and the forecast for Friday (June 03, 2011).

Published 03 Jun, 2011 12:00am
US MIDDAY: copper retreats

US MIDDAY: copper retreats

Base metals buckled early on Thursday under the weight of slowing economic growth concerns in the United States after another round of data disappointed in front of Friday's key jobs report. Copper retreated to its lowest level in one week after data rang
Published 03 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 02, 2011).

Published 03 Jun, 2011 12:00am
US MIDDAY: gold eases, silver slides

US MIDDAY: gold eases, silver slides

Gold slid more than 1 percent on Thursday to post its biggest one-day decline in a month as the yellow metal was sold along with other commodities. "With the discussions in the market about lower commodity prices if China's slowing. And we've also had an
Published 03 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 02, 2011).

Published 03 Jun, 2011 12:00am
Wall Street pressures Washington to hike debt limit

Wall Street pressures Washington to hike debt limit

Ratings agency Moody''''s on Thursday threatened to review the United States'''' coveted top-notch credit rating if the White House and Congress do not make progress by mid-July in talks to raise the US debt limit. Moody''''s Investors Service said entren
Published 03 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 03 Jun, 2011 12:00am
Wall Street pressures Washington to hike debt limit

Wall Street pressures Washington to hike debt limit

Ratings agency Moody''s on Thursday threatened to review the United States'' coveted top-notch credit rating if the White House and Congress do not make progress by mid-July in talks to raise the US debt limit. Moody''s Investors Service said entrenched p
Published 03 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 03 Jun, 2011 12:00am
Wall Street pressures Washington to hike debt limit

Wall Street pressures Washington to hike debt limit

Ratings agency Moody's on Thursday threatened to review the United States' coveted top-notch credit rating if the White House and Congress do not make progress by mid-July in talks to raise the US debt limit. Moody's Investors Service said entrenched posi
Published 03 Jun, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 02, 2011).

Published 03 Jun, 2011 12:00am
Wall Street pressures Washington to hike debt limit

Wall Street pressures Washington to hike debt limit

Ratings agency Moody's on Thursday threatened to review the United States' coveted top-notch credit rating if the White House and Congress do not make progress by mid-July in talks to raise the US debt limit. Moody's Investors Service said entrenched posi
Published 03 Jun, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (June 02, 2011) and for Friday (June 03, 2011).
Published 03 Jun, 2011 12:00am
'Dangerous' to abandon Pakistan: Mullen

'Dangerous' to abandon Pakistan: Mullen

US military chief Admiral Mike Mullen said Thursday that Pakistan needed space to sort out internal problems and that it would be dangerous for the United States to abandon the troubled war partner. Mullen said that Pakistan has been going through "a grea
Published 03 Jun, 2011 12:00am
'Dangerous' to abandon Pakistan: Mullen

'Dangerous' to abandon Pakistan: Mullen

US military chief Admiral Mike Mullen said Thursday that Pakistan needed space to sort out internal problems and that it would be dangerous for the United States to abandon the troubled war partner. Mullen said that Pakistan has been going through "a grea
Published 03 Jun, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (June 02, 2011).

Published 03 Jun, 2011 12:00am
Citigroup sets up China securities joint venture

Citigroup sets up China securities joint venture

Citigroup on Thursday announced a tie-up with Chinese securities firm Orient, giving the US bank a chance to compete with its foreign rivals in China''s booming capital markets. Orient Securities Co Ltd will have a 67 percent stake in the investment banki
Published 03 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 02, 2011).

Published 03 Jun, 2011 12:00am
Citigroup sets up China securities joint venture

Citigroup sets up China securities joint venture

Citigroup on Thursday announced a tie-up with Chinese securities firm Orient, giving the US bank a chance to compete with its foreign rivals in China's booming capital markets. Orient Securities Co Ltd will have a 67 percent stake in the investment bankin
Published 03 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 02, 2011).

Published 03 Jun, 2011 12:00am
Citigroup sets up China securities joint venture

Citigroup sets up China securities joint venture

Citigroup on Thursday announced a tie-up with Chinese securities firm Orient, giving the US bank a chance to compete with its foreign rivals in China's booming capital markets. Orient Securities Co Ltd will have a 67 percent stake in the investment bankin
Published 03 Jun, 2011 12:00am
$115.5 million projects: financing agreements signed with World Bank

$115.5 million projects: financing agreements signed with World Bank

Pakistan and World Bank (WB) on Thursday signed three agreements amounting to US $115.50 million for financing projects in different sectors. The amount would be utilised for Additional Financing for Punjab Education Sector Project (US $50 million), Addit
Published 03 Jun, 2011 12:00am
$115.5 million projects: financing agreements signed with World Bank

$115.5 million projects: financing agreements signed with World Bank

Pakistan and World Bank (WB) on Thursday signed three agreements amounting to US $115.50 million for financing projects in different sectors. The amount would be utilised for Additional Financing for Punjab Education Sector Project (US $50 million), Addit
Published 03 Jun, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

In the pre-budget session, the rupee trimmed some gains against dollar due to higher demand for the greenback on the money market on Thursday, money experts said. The rupee failed to retain its level against dollar due to strong demand for the US currency
Published 03 Jun, 2011 12:00am
$115.5 million projects: financing agreements signed with World Bank

$115.5 million projects: financing agreements signed with World Bank

Pakistan and World Bank (WB) on Thursday signed three agreements amounting to US $115.50 million for financing projects in different sectors. The amount would be utilised for Additional Financing for Punjab Education Sector Project (US $50 million), Addit
Published 03 Jun, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

In the pre-budget session, the rupee trimmed some gains against dollar due to higher demand for the greenback on the money market on Thursday, money experts said. The rupee failed to retain its level against dollar due to strong demand for the US currency
Published 03 Jun, 2011 12:00am
Wind power projects: Upfront tariff soon, says Naveed

Wind power projects: Upfront tariff soon, says Naveed

Japan intends to invest in various water and power sector projects and examining feasibility to priorities the specific projects for investment. The ambassador of Japan to Pakistan, Hiroshi Oe said this while meeting with Federal Minister for Water and Po
Published 03 Jun, 2011 12:00am
Wind power projects: Upfront tariff soon, says Naveed

Wind power projects: Upfront tariff soon, says Naveed

Japan intends to invest in various water and power sector projects and examining feasibility to priorities the specific projects for investment. The ambassador of Japan to Pakistan, Hiroshi Oe said this while meeting with Federal Minister for Water and Po
Published 03 Jun, 2011 12:00am
Wind power projects: Upfront tariff soon, says Naveed

Wind power projects: Upfront tariff soon, says Naveed

Japan intends to invest in various water and power sector projects and examining feasibility to priorities the specific projects for investment. The ambassador of Japan to Pakistan, Hiroshi Oe said this while meeting with Federal Minister for Water and Po
Published 03 Jun, 2011 12:00am
Former Osama associate captured

Former Osama associate captured

Nato said Thursday it captured a senior al Qaida operative and former Osama bin Laden associate in northern Afghanistan. Nato said the man was based in Pakistan and was a former associate of bin Laden, who was killed in a US raid in Pakistan on May 2. Nat
Published 03 Jun, 2011 12:00am
Former Osama associate captured

Former Osama associate captured

Nato said Thursday it captured a senior al Qaida operative and former Osama bin Laden associate in northern Afghanistan. Nato said the man was based in Pakistan and was a former associate of bin Laden, who was killed in a US raid in Pakistan on May 2. Nat
Published 03 Jun, 2011 12:00am
Secrecy in survey!

Secrecy in survey!

Extraordinary secrecy akin to the budget surrounded the Economic Survey 2010-11, with a few convinced that it was merited. While budgetary proposals are kept secret till its announcement as revelations can impact individual decisions that may lead to defr
Published 03 Jun, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 31.85 points, as the Index moved from 2,797.29 to 2765.44 points.
Published 03 Jun, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (June 02, 2011).

Published 03 Jun, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 31.85 points, as the Index moved from 2,797.29 to 2765.44 points.
Published 03 Jun, 2011 12:00am
LSE index down 23.15 points

LSE index down 23.15 points

Equities on Thursday failed to maintain upward slide and registered declines on the Lahore Stock Exchange (LSE) amid depressed sentiments due to lacking interest on the part of investors. The LSE-25 index lost 23.15 points and was closed at 3249.36 points
Published 03 Jun, 2011 12:00am
LSE index down 23.15 points

LSE index down 23.15 points

Equities on Thursday failed to maintain upward slide and registered declines on the Lahore Stock Exchange (LSE) amid depressed sentiments due to lacking interest on the part of investors. The LSE-25 index lost 23.15 points and was closed at 3249.36 points
Published 03 Jun, 2011 12:00am
Tax concessions, relief to cost Rs 166.772 billion

Tax concessions, relief to cost Rs 166.772 billion

The total tax exemptions and concessions to various sectors and investors will have to cost the government Rs 166.772 billion during 2010-2011 as against Rs 150.291 billion in 2009-2010; it reflects an obvious increase of Rs 16.481 billion.
Published 03 Jun, 2011 12:00am
Tax concessions, relief to cost Rs 166.772 billion

Tax concessions, relief to cost Rs 166.772 billion

The total tax exemptions and concessions to various sectors and investors will have to cost the government Rs 166.772 billion during 2010-2011 as against Rs 150.291 billion in 2009-2010; it reflects an obvious increase of Rs 16.481 billion.
Published 03 Jun, 2011 12:00am
Tax concessions, relief to cost Rs 166.772 billion

Tax concessions, relief to cost Rs 166.772 billion

The total tax exemptions and concessions to various sectors and investors will have to cost the government Rs 166.772 billion during 2010-2011 as against Rs 150.291 billion in 2009-2010; it reflects an obvious increase of Rs 16.481 billion.
Published 03 Jun, 2011 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 03 Jun, 2011 12:00am
Tax concessions, relief to cost Rs 166.772 billion

Tax concessions, relief to cost Rs 166.772 billion

The total tax exemptions and concessions to various sectors and investors will have to cost the government Rs 166.772 billion during 2010-2011 as against Rs 150.291 billion in 2009-2010; it reflects an obvious increase of Rs 16.481 billion.
Published 03 Jun, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Jun, 2011 12:00am
Government spends Rs 500 billion on power sector

Government spends Rs 500 billion on power sector

Finance Minister, Dr Abdul Hafeez Shaikh said on Thursday that the government spent Rs 500 billion on the power sector during the outgoing financial year mainly to improve power generation and lower the burden on the poor. Addressing a press conference at
Published 03 Jun, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 03 Jun, 2011 12:00am
Government spends Rs 500 billion on power sector

Government spends Rs 500 billion on power sector

Finance Minister, Dr Abdul Hafeez Shaikh said on Thursday that the government spent Rs 500 billion on the power sector during the outgoing financial year mainly to improve power generation and lower the burden on the poor. Addressing a press conference at
Published 03 Jun, 2011 12:00am
Government spends Rs 500 billion on power sector

Government spends Rs 500 billion on power sector

Finance Minister, Dr Abdul Hafeez Shaikh said on Thursday that the government spent Rs 500 billion on the power sector during the outgoing financial year mainly to improve power generation and lower the burden on the poor. Addressing a press conference at
Published 03 Jun, 2011 12:00am
A difficult, if not impossible, task

A difficult, if not impossible, task

The Economic Survey 2010-11 claims that the "performance of the economy has been positive" and that the "government has shown continuing resolve to take difficult decisions and pursue the path of reforms," is extremely difficult if not impossible to subst
Published 03 Jun, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Jun, 2011 12:00am
A difficult, if not impossible, task

A difficult, if not impossible, task

The Economic Survey 2010-11 claims that the "performance of the economy has been positive" and that the "government has shown continuing resolve to take difficult decisions and pursue the path of reforms," is extremely difficult if not impossible to subst
Published 03 Jun, 2011 12:00am
A difficult, if not impossible, task

A difficult, if not impossible, task

The Economic Survey 2010-11 claims that the "performance of the economy has been positive" and that the "government has shown continuing resolve to take difficult decisions and pursue the path of reforms," is extremely difficult if not impossible to subst
Published 03 Jun, 2011 12:00am
EDLs register $3.6 billion increase

EDLs register $3.6 billion increase

Pakistan''''s External Debt and Liabilities (EDLs) increased from $55.9 billion in June 2010 to $59.5 billion in March 2011 depicting an increase of $3.6 billion while total foreign assistance received during the first nine months of the current fiscal ye
Published 03 Jun, 2011 12:00am
EDLs register $3.6 billion increase

EDLs register $3.6 billion increase

Pakistan''s External Debt and Liabilities (EDLs) increased from $55.9 billion in June 2010 to $59.5 billion in March 2011 depicting an increase of $3.6 billion while total foreign assistance received during the first nine months of the current fiscal year
Published 03 Jun, 2011 12:00am
EDLs register $3.6 billion increase

EDLs register $3.6 billion increase

Pakistan's External Debt and Liabilities (EDLs) increased from $55.9 billion in June 2010 to $59.5 billion in March 2011 depicting an increase of $3.6 billion while total foreign assistance received during the first nine months of the current fiscal year
Published 03 Jun, 2011 12:00am
EDLs register $3.6 billion increase

EDLs register $3.6 billion increase

Pakistan's External Debt and Liabilities (EDLs) increased from $55.9 billion in June 2010 to $59.5 billion in March 2011 depicting an increase of $3.6 billion while total foreign assistance received during the first nine months of the current fiscal year
Published 03 Jun, 2011 12:00am
Poverty figures not quantified in the survey

Poverty figures not quantified in the survey

Poverty figures were not quantified in the Economic Survey 2010-11 as the results of the Household Income Expenditure Survey (HIES) would not be available till next year. Though Pakistan has made significant progress in human development and poverty reduc
Published 03 Jun, 2011 12:00am
Poverty figures not quantified in the survey

Poverty figures not quantified in the survey

Poverty figures were not quantified in the Economic Survey 2010-11 as the results of the Household Income Expenditure Survey (HIES) would not be available till next year. Though Pakistan has made significant progress in human development and poverty reduc
Published 03 Jun, 2011 12:00am
Poverty figures not quantified in the survey

Poverty figures not quantified in the survey

Poverty figures were not quantified in the Economic Survey 2010-11 as the results of the Household Income Expenditure Survey (HIES) would not be available till next year. Though Pakistan has made significant progress in human development and poverty reduc
Published 03 Jun, 2011 12:00am
Poverty figures not quantified in the survey

Poverty figures not quantified in the survey

Poverty figures were not quantified in the Economic Survey 2010-11 as the results of the Household Income Expenditure Survey (HIES) would not be available till next year. Though Pakistan has made significant progress in human development and poverty reduc
Published 03 Jun, 2011 12:00am
Revenue from telecom services falls

Revenue from telecom services falls

The Economic Survey (2010-11) released here on Thursday categorically declared that the higher rate of sales tax and federal excise duty (FED) on telecom sector has resulted in lower revenue collection from telecom services. The Survey revealed that durin
Published 03 Jun, 2011 12:00am
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