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Print - 2011-06-26
Rice, cotton and sugar: bumper crops expected

Rice, cotton and sugar: bumper crops expected

Pakistan is expecting bumper output from Kharif crops including rice 6.5 million tons, cotton 15-16 million bales, sugarcane 65 million tons and maize 4.5 million tons, officials at Ministry of Food and Agriculture (Minfa) said. Sources in Minfa told B
Published 26 Jun, 2011 12:00am
Rice, cotton and sugar: bumper crops expected

Rice, cotton and sugar: bumper crops expected

Pakistan is expecting bumper output from Kharif crops including rice 6.5 million tons, cotton 15-16 million bales, sugarcane 65 million tons and maize 4.5 million tons, officials at Ministry of Food and Agriculture (Minfa) said. Sources in Minfa told B
Published 26 Jun, 2011 12:00am
AJK elections today: MQM announces boycott

AJK elections today: MQM announces boycott

Polling for 38 seats of Azad Jammu and Kashmir Legislative Assembly elections will be held on Sunday (today) without participation of Muttahida Qaumi Movement (MQM) has decided to boycott the elections in protest against postponement of polls in LA-30, LA
Published 26 Jun, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
AJK elections today: MQM announces boycott

AJK elections today: MQM announces boycott

Polling for 38 seats of Azad Jammu and Kashmir Legislative Assembly elections will be held on Sunday (today) without participation of Muttahida Qaumi Movement (MQM) has decided to boycott the elections in protest against postponement of polls in LA-30, LA
Published 26 Jun, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
THE RUPEE: dollar gains on year-end payments

THE RUPEE: dollar gains on year-end payments

The dollar got an opportunity to go up versus the rupee on the currency market on Saturday, experts said. The rupee shed 15 paisa in relation to dollar at 85.95 and shed 14 paisa for selling at 85.99, they said.
Published 26 Jun, 2011 12:00am
THE RUPEE: dollar gains on year-end payments

THE RUPEE: dollar gains on year-end payments

The dollar got an opportunity to go up versus the rupee on the currency market on Saturday, experts said. The rupee shed 15 paisa in relation to dollar at 85.95 and shed 14 paisa for selling at 85.99, they said.
Published 26 Jun, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (June 25, 2011).

Published 26 Jun, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 25, 2011).
Published 26 Jun, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (June 25, 2011).

Published 26 Jun, 2011 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 Saturday (June 25, 2011).

Published 26 Jun, 2011 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 Saturday (June 25, 2011).

Published 26 Jun, 2011 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 Saturday (June 25, 2011).

Published 26 Jun, 2011 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 Commi
Published 26 Jun, 2011 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 26 Jun, 2011 12:00am
Wheat prices higher on grain market

Wheat prices higher on grain market

Wheat prices were up on the wholesale grain market on Saturday in process of modest trading, dealers said. On the cereal side wheat old and new (bardan) appreciated by Rs 40 to Rs 2640-2655 due to rising demand by retailers, gur picked up Rs 100 to Rs 650
Published 26 Jun, 2011 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was higher on the forward cottonseed oilcake market on Saturday and December vaida was unchanged in process of trading, dealers said. The July contract that had closed at 1424.80 and it opened with 30 paisa gain at Rs 1425.10. The December
Published 26 Jun, 2011 12:00am
Spot rate raised by Rs 150 in a single day rally on cotton market

Spot rate raised by Rs 150 in a single day rally on cotton market

KCA official spot rate was raised sharply by Rs 150, and phutti of new crop also went up on the cotton market on Saturday amid mills' cautious buying, dealers said. The Karachi Cotton Association (KCA) official spot rate shot up, gaining Rs 150 at Rs 8,65
Published 26 Jun, 2011 12:00am
China dyes items up on Jodia Bazaar

China dyes items up on Jodia Bazaar

The trading in China dyes items ended up on Jodia Bazaar here on Saturday. The following variations were observed.
Published 26 Jun, 2011 12:00am
US wheat futures drop two percent

US wheat futures drop two percent

US wheat futures fell 2 percent on Friday as investors liquidated commodity holdings due to further concerns about the global economy. Corn dropped 1-1/2 percent. The spot July contract was down 4-1/2 percent for the week and over 16 percent from the reco
Published 26 Jun, 2011 12:00am
Global sugar surplus of 7.83 million tonnes seen in 2011-12

Global sugar surplus of 7.83 million tonnes seen in 2011-12

The global sugar market should swing into surplus in 2011-12 (October/September) with a normal monsoon helping India's production recover, ABN Amro/VM Group said in a report on Friday. ABN Amro/VM Group, in its first estimate for 2011-12, forecast a globa
Published 26 Jun, 2011 12:00am
Rain gives little help to German wheat: Toepfer

Rain gives little help to German wheat: Toepfer

Recent rain has given some help to German wheat after a punishing drought this spring but the country's 2011 harvest is still likely to be down on the year, Germany's largest grain trading house Toepfer International said on Thursday. Toepfer estimates Ge
Published 26 Jun, 2011 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday due to short-covering of nearby supplies, but they finished with a big weekly loss. July-November inter-month spread was the key trading feature, trading 3,944 times and touching a July premium as high as $14.90,
Published 26 Jun, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 148,636 tonnes of cargo including 104,244 tonnes of import cargo, 44,392 tonnes of export cargo and 5,047 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 104,244 tonnes com
Published 26 Jun, 2011 12:00am
Sharjah warns ENOC of legal action in fuel shortage

Sharjah warns ENOC of legal action in fuel shortage

The emirate of Sharjah has warned Dubai-government owned oil firm ENOC group of legal action and closure of stations operated by the group if it does not comply with a directive to open petrol stations, a newspaper reported on Friday. The Sharjah executiv
Published 26 Jun, 2011 12:00am
Baidu invests $306 million in travel website

Baidu invests $306 million in travel website

Chinese search engine Baidu has agreed to invest $306 million in domestic travel website Qunar as it seeks to cash in on the booming tourism market in China. Baidu, which dominates the Chinese search market after Google retreated following a spat with Bei
Published 26 Jun, 2011 12:00am
Baidu invests $306 million in travel website

Baidu invests $306 million in travel website

Chinese search engine Baidu has agreed to invest $306 million in domestic travel website Qunar as it seeks to cash in on the booming tourism market in China. Baidu, which dominates the Chinese search market after Google retreated following a spat with Bei
Published 26 Jun, 2011 12:00am
German Finance Minister sees no leeway for tax cuts

German Finance Minister sees no leeway for tax cuts

German Finance Minister Wolfgang Schaeuble warned coalition colleagues that the government could not afford to lower taxes, telling a German newspaper that cuts of up to 10 billion euros were unrealistic. "I'm somewhat unhappy about the public debate, whi
Published 26 Jun, 2011 12:00am
Slovak Prime Minister says Greece is 'de facto' bankrupt

Slovak Prime Minister says Greece is 'de facto' bankrupt

Greece, struggling to escape a financial collapse, is de facto bankrupt and the eurozone was seeking ways how to minimise impacts and contagion on other members, Slovak Prime Minister Iveta Radicova said on Saturday. The euro area countries are discussing
Published 26 Jun, 2011 12:00am
ECB's Mersch says Greek default would bring 'chaos'

ECB's Mersch says Greek default would bring 'chaos'

European Central Bank Governing Council member Yves Mersch said on Saturday a Greek sovereign debt default would lead to chaos, adding it was up to the parliament to deliver on its austerity promises. Banks and policymakers moved closer to a deal on Frida
Published 26 Jun, 2011 12:00am
Canada, Australia support Carstens IMF bid

Canada, Australia support Carstens IMF bid

Canada and Australia said here that they would support the bid of Mexico's central bank governor Agustin Carstens to be the next IMF managing director. A statement late Friday from Canadian Finance Minister James Flaherty and Australian Finance Minister W
Published 26 Jun, 2011 12:00am
Inflation top policy priority: vice premier

Inflation top policy priority: vice premier

China faces inflationary pressures and controlling them is the government's top policy priority, Vice Premier Li Keqiang said Saturday. Li's comments come just a day after Premier Wen Jiabao said he expects price pressures to decline steadily even as the
Published 26 Jun, 2011 12:00am
Inflation, prices will be contained: Wen

Inflation, prices will be contained: Wen

Chinese Premier Wen Jiabao said he was confident the government would bring inflation under control this year, in comments carried by state media Friday, even as consumer costs keep soaring. "There is concern as to whether China can rein in inflation and
Published 26 Jun, 2011 12:00am
JGB 10-year yield hits seven-month low

JGB 10-year yield hits seven-month low

Japanese government bond futures climbed on Friday supported by uncertainty over Greece's debt problems and signs of slowdown in the global economy, pushing the benchmark 10-year yield to a seven-month low. But profit-taking emerged and the 10-year paper
Published 26 Jun, 2011 12:00am
JGB 10-year yield hits seven-month low

JGB 10-year yield hits seven-month low

Japanese government bond futures climbed on Friday supported by uncertainty over Greece's debt problems and signs of slowdown in the global economy, pushing the benchmark 10-year yield to a seven-month low. But profit-taking emerged and the 10-year paper
Published 26 Jun, 2011 12:00am
Singapore Exchange to delay full-day trading

Singapore Exchange to delay full-day trading

Singapore Exchange, Asia's second-biggest listed bourse, will now start full-day continuous trading in the third quarter, delaying the move for the second time this year, the Straits Times reported on Saturday. The newspaper, which quoted unnamed sources,
Published 26 Jun, 2011 12:00am
Renren shares down by more than half since IPO

Renren shares down by more than half since IPO

Renren Inc was hyped as the "Facebook" of China, a company that had access to the world's largest Internet market, and a good way to ride the buzz surrounding social media IPOs - but investors who believed the story are nursing big wounds. In the two mont
Published 26 Jun, 2011 12:00am
Indian bond yields drop

Indian bond yields drop

Indian federal bond yields dropped on Friday as a sharp decline in global crude oil prices helped ease worries over a sustained rise in domestic inflation, but an expected increase in local fuel prices later in the day pulled yields off their lows.
Published 26 Jun, 2011 12:00am
Indian bond yields drop

Indian bond yields drop

Indian federal bond yields dropped on Friday as a sharp decline in global crude oil prices helped ease worries over a sustained rise in domestic inflation, but an expected increase in local fuel prices later in the day pulled yields off their lows.
Published 26 Jun, 2011 12:00am
Golds, energy issues drag TSX lower

Golds, energy issues drag TSX lower

Toronto's main stock index ended lower on Friday as gold and energy issues fell and worries persisted that Greece might not pass the austerity measures necessary for the country to get more bailout funds. Spot gold prices dropped below $1,500 an ounce for
Published 26 Jun, 2011 12:00am
Sri Lankan stocks rebound

Sri Lankan stocks rebound

Sri Lankan stocks rebounded on Friday from a five-and-half month closing low, snapping a four-session fall on gaining telecom and diversified shares, but concerns over margin calls that forced selling and low liquidity remained. Sri Lanka's main share ind
Published 26 Jun, 2011 12:00am
Biofuel firm KiOR makes lacklustre market debut

Biofuel firm KiOR makes lacklustre market debut

Biofuels maker KiOR Inc made a quiet market debut on Friday, a day after the private equity-backed firm's initial public offering raised a quarter less than initially expected. Shares of the company closed at $15 on Nasdaq, the price they debuted at, afte
Published 26 Jun, 2011 12:00am
Friday's close: treasuries extend rally

Friday's close: treasuries extend rally

US Treasury prices extended their rally on Friday as more money flowed out of European bonds and equities and into safe-haven US debt, but traders said prices could fall next week ahead of scheduled auctions. The Treasury Department plans to sell $99 bill
Published 26 Jun, 2011 12:00am
Friday's close: treasuries extend rally

Friday's close: treasuries extend rally

US Treasury prices extended their rally on Friday as more money flowed out of European bonds and equities and into safe-haven US debt, but traders said prices could fall next week ahead of scheduled auctions. The Treasury Department plans to sell $99 bill
Published 26 Jun, 2011 12:00am
US treasury outlook: debt problems in Europe may hold yields lower

US treasury outlook: debt problems in Europe may hold yields lower

Uncertainty over debt problems in Europe could keep benchmark US Treasury debt yields near six-month lows next week and is likely to trump the impact of debt auctions and data on consumer spending and manufacturing. Worries over whether Greece will be abl
Published 26 Jun, 2011 12:00am
US treasury outlook: debt problems in Europe may hold yields lower

US treasury outlook: debt problems in Europe may hold yields lower

Uncertainty over debt problems in Europe could keep benchmark US Treasury debt yields near six-month lows next week and is likely to trump the impact of debt auctions and data on consumer spending and manufacturing. Worries over whether Greece will be abl
Published 26 Jun, 2011 12:00am
Kosovo to issue first Eurobond in early 2012

Kosovo to issue first Eurobond in early 2012

Kosovo plans to issue its first Eurobond at the beginning of 2012 to the value of several tens of millions of euros, Finance Minister Bedri Hamza said on Friday. "We are at the final stage of preparations for the bond issue," Hamza told Reuters in an inte
Published 26 Jun, 2011 12:00am
Kosovo to issue first Eurobond in early 2012

Kosovo to issue first Eurobond in early 2012

Kosovo plans to issue its first Eurobond at the beginning of 2012 to the value of several tens of millions of euros, Finance Minister Bedri Hamza said on Friday. "We are at the final stage of preparations for the bond issue," Hamza told Reuters in an inte
Published 26 Jun, 2011 12:00am
Latam stocks mixed

Latam stocks mixed

Latin American stocks were mixed on Friday as investors focused on a key vote in Greece next week needed to help the country avoid becoming the first member of the eurozone to default on its debt. Brazil's benchmark Bovespa stock index retreated 0.3 perce
Published 26 Jun, 2011 12:00am
Wall Street sinks on Europe's debt misery

Wall Street sinks on Europe's debt misery

Wall Street dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P 500 managed to hold its 200-day moving average in a sign buyers still see value. The Dow industrials and the S&P 500 fell for t
Published 26 Jun, 2011 12:00am
Bets versus dollar reduced

Bets versus dollar reduced

Speculators reduced bets against the US dollar for the second straight week, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short position fell to $17.05 billion in the week ended June 21, from a net sho
Published 26 Jun, 2011 12:00am
Euribor moves up

Euribor moves up

Three month euro-priced bank-to-bank lending rates edged back up on Friday, as other benchmark rate fell after this week's bumper take-up of ECB funding pushed market liquidity to highly elevated levels. Bank's took 187 billion euros from the ECB this wee
Published 26 Jun, 2011 12:00am
African currencies outlook

African currencies outlook

The Kenyan and Ugandan shillings are likely to remain under pressure against the dollar next week after falling through a series of record lows that their central banks blamed on currency speculators.
Published 26 Jun, 2011 12:00am
Rouble rises

Rouble rises

The rouble firmed versus the dollar and weakened against the euro on Friday, pricing in a recovery in risk sentiment that boosted stocks and commodity-driven currencies. The rouble had been battered by a sharp fall in oil prices on Thursday after the Inte
Published 26 Jun, 2011 12:00am
Canadian dollar slips

Canadian dollar slips

The Canadian dollar slid to its lowest point in more than a week against its US counterpart on Friday, extending losses that started at mid-week on mounting concerns about euro zone debt woes. Investors worried that Greece's parliament may not pass the au
Published 26 Jun, 2011 12:00am
Most Latam currencies weaken

Most Latam currencies weaken

Most Latin American currencies weakened against the US dollar on Friday as concern Greece will default on its debts led investors to sell emerging-market assets. Non-dollar assets fell or weakened world-wide on concern the Greek parliament may reject a pa
Published 26 Jun, 2011 12:00am
Euro direction to hinge on Greece vote next week

Euro direction to hinge on Greece vote next week

It was rough week for the euro and next week could prove an even tougher one if Greece's parliament does not approve a package of austerity measures. Passage is mandatory for the country to secure more bailout funds from eurozone governments. If more fund
Published 26 Jun, 2011 12:00am
US regulators investigating Google over search

US regulators investigating Google over search

US regulators have launched a probe into Google's lucrative search and advertising business in a move that could pose the most serious legal challenge yet to the Internet giant. Google confirmed the US Federal Trade Commission (FTC) inquiry in a blog post
Published 26 Jun, 2011 12:00am
Ukraine limits banks' long forex positions

Ukraine limits banks' long forex positions

Ukraine's central bank has cut limits on local banks' long foreign currency positions to 5 percent of regulatory capital from 20 percent, according to a document obtained by Reuters. The move is aimed at "maintaining stability on the foreign exchange mark
Published 26 Jun, 2011 12:00am
Eurozone needs to buy time for Greece: Merkel

Eurozone needs to buy time for Greece: Merkel

German Chancellor Angela Merkel has said eurozone countries need to give Greece time to find a solution out of its debt crisis, warning that a debt restructuring could have dire consequences. "It is in Europe's common interest to give Greece time," Merkel
Published 26 Jun, 2011 12:00am
Obama says committed to working to cut US debt

Obama says committed to working to cut US debt

President Barack Obama said on Saturday he remained committed to working with Congress to find a solution to the government's debt problem, but the focus could not only be on spending cuts. Obama's comments come as the president prepared to meet separatel
Published 26 Jun, 2011 12:00am
China orders companies to use local accountants

China orders companies to use local accountants

Overseas-listed Chinese companies should favour local accounting firms when selecting an auditor, the government said, amid growing concerns in foreign markets over China's auditing quality. The guidelines issued by the finance ministry on Friday say over
Published 26 Jun, 2011 12:00am
Egypt will not need IMF, World Bank funds

Egypt will not need IMF, World Bank funds

Egypt will not borrow from the World Bank and International Monetary Fund after revising its budget and cutting the forecast deficit, even though a loan had been agreed, Finance Minister Samir Radwan said on Saturday.
Published 26 Jun, 2011 12:00am
China offers support for Europe, euro

China offers support for Europe, euro

Chinese Prime Minister Wen Jiabao on Saturday offered his country's support for Europe and its common currency amid the eurozone's debt crisis. Wen said China was a long-term investor in the European sovereign debt market and has purchased a "not small" a
Published 26 Jun, 2011 12:00am
China offers support for Europe, euro

China offers support for Europe, euro

Chinese Prime Minister Wen Jiabao on Saturday offered his country's support for Europe and its common currency amid the eurozone's debt crisis. Wen said China was a long-term investor in the European sovereign debt market and has purchased a "not small" a
Published 26 Jun, 2011 12:00am