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Print - 2011-06-28
Two US drone strikes kill 21

Two US drone strikes kill 21

Two US drone attacks on Monday killed at least 21 people in tribal region along the Afghan border, security officials said. Both strikes took place in the district of South Waziristan, where forces are fighting Taliban and al Qaeda militants.
Published 28 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
Two US drone strikes kill 21

Two US drone strikes kill 21

Two US drone attacks on Monday killed at least 21 people in tribal region along the Afghan border, security officials said. Both strikes took place in the district of South Waziristan, where forces are fighting Taliban and al Qaeda militants.
Published 28 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
IROs to remain open on 29th, 30th till 11pm

IROs to remain open on 29th, 30th till 11pm

The Federal Board of Revenue (FBR) has issued instructions to all Inland Revenue Offices (IROs) to remain open till 9.00 pm and 11.00 pm on Wednesday 29th June and Thursday 30th June, 2011, respectively, in order to provide an opportunity to the tax payer
Published 28 Jun, 2011 12:00am
IROs to remain open on 29th, 30th till 11pm

IROs to remain open on 29th, 30th till 11pm

The Federal Board of Revenue (FBR) has issued instructions to all Inland Revenue Offices (IROs) to remain open till 9.00 pm and 11.00 pm on Wednesday 29th June and Thursday 30th June, 2011, respectively, in order to provide an opportunity to the tax payer
Published 28 Jun, 2011 12:00am
IROs to remain open on 29th, 30th till 11pm

IROs to remain open on 29th, 30th till 11pm

The Federal Board of Revenue (FBR) has issued instructions to all Inland Revenue Offices (IROs) to remain open till 9.00 pm and 11.00 pm on Wednesday 29th June and Thursday 30th June, 2011, respectively, in order to provide an opportunity to the tax payer
Published 28 Jun, 2011 12:00am
THE RUPEE: dollar crosses 86 in interbank deals

THE RUPEE: dollar crosses 86 in interbank deals

Extended demand for dollars kept the rupee under pressure on the local currency market on Monday, experts said. The rupee shed 14 paisa against dollar for buying at 86.09 and 13 paisa for selling at 86.12, they said.
Published 28 Jun, 2011 12:00am
THE RUPEE: dollar crosses 86 in interbank deals

THE RUPEE: dollar crosses 86 in interbank deals

Extended demand for dollars kept the rupee under pressure on the local currency market on Monday, experts said. The rupee shed 14 paisa against dollar for buying at 86.09 and 13 paisa for selling at 86.12, they said.
Published 28 Jun, 2011 12:00am
Pakistan expels British counter-terrorism trainers

Pakistan expels British counter-terrorism trainers

Pakistan has told Britain to pull out some of its military trainers, in what appears to be the latest sign of strained relations with the West after last month's killing of Osama bin Laden by US troops. "The UK has been asked to withdraw some of its train
Published 28 Jun, 2011 12:00am
Pakistan expels British counter-terrorism trainers

Pakistan expels British counter-terrorism trainers

Pakistan has told Britain to pull out some of its military trainers, in what appears to be the latest sign of strained relations with the West after last month's killing of Osama bin Laden by US troops. "The UK has been asked to withdraw some of its train
Published 28 Jun, 2011 12:00am
LNG import: 17 EoIs received by SSGC

LNG import: 17 EoIs received by SSGC

The Sui Southern Gas Company (SSGC) has received 17 Expressions of Interest (EoIs) from interested parties, which include some leading LNG operators, on its invitation for Liquefied Natural Gas (LNG) import under a ''third party access regime''.
Published 28 Jun, 2011 12:00am
LNG import: 17 EoIs received by SSGC

LNG import: 17 EoIs received by SSGC

The Sui Southern Gas Company (SSGC) has received 17 Expressions of Interest (EoIs) from interested parties, which include some leading LNG operators, on its invitation for Liquefied Natural Gas (LNG) import under a 'third party access regime'.
Published 28 Jun, 2011 12:00am
LNG import: 17 EoIs received by SSGC

LNG import: 17 EoIs received by SSGC

The Sui Southern Gas Company (SSGC) has received 17 Expressions of Interest (EoIs) from interested parties, which include some leading LNG operators, on its invitation for Liquefied Natural Gas (LNG) import under a 'third party access regime'.
Published 28 Jun, 2011 12:00am
SBP appoints 11 primary dealers

SBP appoints 11 primary dealers

The State Bank of Pakistan (SBP) has appointed eleven Primary Dealers for the next financial year which include JS Bank Limited, Habib Bank Limited, National Bank of Pakistan, Faysal Bank Limited, Standard Chartered Bank (Pakistan) Limited, United Bank Li
Published 28 Jun, 2011 12:00am
SBP appoints 11 primary dealers

SBP appoints 11 primary dealers

The State Bank of Pakistan (SBP) has appointed eleven Primary Dealers for the next financial year which include JS Bank Limited, Habib Bank Limited, National Bank of Pakistan, Faysal Bank Limited, Standard Chartered Bank (Pakistan) Limited, United Bank Li
Published 28 Jun, 2011 12:00am
Rupee shows resilience during fiscal year 2011

Rupee shows resilience during fiscal year 2011

Despite several economic challenges, controlled external account has kept the rupee stable against dollar, and the rupee depreciated against dollar by only 0.5 percent during fiscal year 2010-11 (FY11) against the average depreciation of 7 percent in past
Published 28 Jun, 2011 12:00am
ICC chiefs throw World Cup lifeline to 'minnows'

ICC chiefs throw World Cup lifeline to 'minnows'

World cricket's governing body opened the door Monday for non-Test playing nations to compete in the next World Cup, reversing a bar that had outraged "minnows" such as Ireland and Holland. The International Cricket Council (ICC) in a statement said its c
Published 28 Jun, 2011 12:00am
Bangladesh appoint Stuart Law as coach

Bangladesh appoint Stuart Law as coach

Bangladesh on Monday named former Australian cricketer Stuart Law as the new coach of their national team, replacing compatriot Jamie Siddons, an official said. Law, who is currently serving as the interim coach of the Sri Lanka national team, will join B
Published 28 Jun, 2011 12:00am
Fans riot as River Plate relegated

Fans riot as River Plate relegated

Argentina's River Plate, one of the world's biggest clubs, suffered the humiliation of relegation for the first time in their 110-year history on Sunday amid violent scenes and the closure of their Monumental stadium. Rioting "Barrabrava" hooligans caused
Published 28 Jun, 2011 12:00am
Wimbledon carnage as Serena, Venus, Wozniacki crash

Wimbledon carnage as Serena, Venus, Wozniacki crash

Defending champion Serena Williams, five-time champion Venus Williams and top seed Caroline Wozniacki were sent crashing out of Wimbledon Monday as the women's singles was rocked by a triple upset. Serena, who has only recently returned from a year-long l
Published 28 Jun, 2011 12:00am
Murray puts on royal command performance

Murray puts on royal command performance

Andy Murray served up a royal treat for Prince William and Catherine as the British fourth seed thrived in 30-degree heat to crush Richard Gasquet and reach the Wimbledon quarter-finals on Monday. The 24-year-old, who had to come from two sets to love dow
Published 28 Jun, 2011 12:00am
Tomic powers into quarter-finals

Tomic powers into quarter-finals

Australian qualifier Bernard Tomic extended his fairytale run at Wimbledon into the quarter-finals after crushing Belgium's Xavier Malisse 6-1, 7-5, 6-4 in the fourth round on Monday. Tomic is the first qualifier to reach the last eight at Wimbledon since
Published 28 Jun, 2011 12:00am
Djokovic moves into quarters

Djokovic moves into quarters

Second seed Novak Djokovic beat Michael Llodra of France 6-3, 6-3, 6-3 to reach the Wimbledon quarter-finals on Monday. Djokovic will face Australian qualifier Bernard Tomic for a place in the semi-finals.
Published 28 Jun, 2011 12:00am
Australian dollar slumps to 11-week low

Australian dollar slumps to 11-week low

The Australian dollar fell to an 11-week low versus the greenback on Monday, while the New Zealand currency shed nearly a full cent, as concerns about Greece's debt woes weighed on risk trades, driving equities and commodities lower. The Aussie slumped to
Published 28 Jun, 2011 12:00am
Money markets: ECB cash in high demand

Money markets: ECB cash in high demand

Eurozone banks are likely to continue to bid heavily for European Central Bank cash at tenders this week, seeking the comfort of extra liquidity in case Greece's debt crisis deteriorates. Greek lawmakers were debating a package of fresh austerity measures
Published 28 Jun, 2011 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee eased on Monday but managed to claw back from the day's low on the back of a rally in local equities and a slight recovery in the euro, ahead of a key vote in Greece to approve an austerity plan. The partially convertible rupee ended at 4
Published 28 Jun, 2011 12:00am
Ringgit, peso briefly breach support

Ringgit, peso briefly breach support

The Malaysian ringgit and the Philippine peso briefly broke a technical support lines on Monday with most of their Asian peers suffering from dollar-short covering amid sustained uncertainty over the Greek parliament's decision later this week on austerit
Published 28 Jun, 2011 12:00am
Yuan falls

Yuan falls

The yuan ended down against the dollar on Monday as the People's Bank of China set a slightly weaker mid-point following a rise in the dollar index. Spot yuan finished at 6.4772 versus the dollar on Monday, edging down from Friday's close of 6.4730.
Published 28 Jun, 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 Monday. 74.08/74.10 (previous 74.10/74.10). Call Money Rates: 6.00-12.00 percent (previous 9.00-12.00 percent).
Published 28 Jun, 2011 12:00am
Euro recovers in London

Euro recovers in London

The euro recovered from early losses on Monday as investors covered short positions after broad selling last week, but gains were capped on concerns about Greece's ability to repay its debt even if austerity measures are passed. Sovereign demand lifted th
Published 28 Jun, 2011 12:00am
Midday trade in New York: Euro gains versus dollar

Midday trade in New York: Euro gains versus dollar

The euro rose against the dollar on Monday on hopes Greece's parliament will approve an austerity package this week and the country will avoid a sovereign debt default. The euro had been swinging between gains and losses throughout the global session resp
Published 28 Jun, 2011 12:00am
Euro slumps in Asia

Euro slumps in Asia

The euro struggled near a record low against the Swiss franc on Monday and fell versus the dollar, staying under pressure ahead of this week's decision by the Greek parliament on whether to back austerity reforms demanded by international lenders. Greece
Published 28 Jun, 2011 12:00am
Sterling weakens

Sterling weakens

Sterling weakened to five-month lows against the dollar on Monday as worries about the European debt crisis ahead of a key Greek vote on reforms required for further aid curtailed risk appetite and investors bought safe-haven currencies. The pound is like
Published 28 Jun, 2011 12:00am
UK's top share index rises

UK's top share index rises

Britain's leading share index ended higher on Monday, supported by a rally from commodity issues and banks as investors awaited news about Greece's debt crisis, expected over the next few days. Greece's parliament began on Monday to debate measures to inc
Published 28 Jun, 2011 12:00am
Australia shares off one percent

Australia shares off one percent

Australian shares lost 1.0 percent on Monday, holding just above the year's low hit a week ago, and on track for the worst quarterly performance in a year as global worries deterred investors. Ahead of the fiscal year-end on Thursday, investors had little
Published 28 Jun, 2011 12:00am
Seoul shares lower

Seoul shares lower

Seoul shares ended lower on Monday as foreign investors sold amid continued concern about the Greek debt situation ahead of a crucial parliamentary vote later this week. The Korea Composite Stock Price Index ended down 0.98 percent or 20.52 points at 2,07
Published 28 Jun, 2011 12:00am
European shares higher

European shares higher

European shares edged higher on Monday in a choppy session, helped by signs of progress on how private bondholders might share the burden of a solution to Greece's debt problem. Volumes were low and likely exaggerating movements. The Euro STOXX 50 volatil
Published 28 Jun, 2011 12:00am
China shares advance, Hong Kong index slips

China shares advance, Hong Kong index slips

China shares rose on Monday, buoyed by transportation and industrial plays as oil prices fell, while Hong Kong stocks slipped on profit-taking triggered by weakness overseas. Mainland shares listed in Hong Kong however rose, suggesting market players who
Published 28 Jun, 2011 12:00am
Indian shares continue gains

Indian shares continue gains

Indian shares extended their rise for the third straight session as they gained 0.9 percent on Monday, with state-run oil companies rallying after the government raised state-controlled fuel prices, which would boost their earnings. Traders said the marke
Published 28 Jun, 2011 12:00am
LSE makes latest high-frequency move

LSE makes latest high-frequency move

The London Stock Exchange has launched a super-fast trading service in its latest bid to court more business from high-frequency trading (HFT) firms. The British exchange, which has seen its share of British equity trading eroded by faster rivals in the p
Published 28 Jun, 2011 12:00am
Taiwan stocks at three-month low

Taiwan stocks at three-month low

Taiwan stocks fell 0.38 percent to a near three-month closing low on Monday, led by tech exporters including TSMC, on concerns Greece's debt problems could spread further and damage global growth prospects. Taiwan's market is under increasing pressure to
Published 28 Jun, 2011 12:00am
Monday's midday trade: Wall Street rebounds

Monday's midday trade: Wall Street rebounds

US stocks rebounded from three days of losses on Monday, led by banks after regulators announced global capital rules that investors viewed as less as onerous as previously anticipated. Financials, which have been pressured by the eurozone sovereign debt
Published 28 Jun, 2011 12:00am
Nikkei average drops

Nikkei average drops

The Nikkei stock average dropped one percent on Monday, as eurozone debt worries weighed on markets before a crucial parliamentary vote in Greece this week, with investors fretting over fallout from the debt crisis in the banking system.
Published 28 Jun, 2011 12:00am
Most Southeast Asian markets retreat

Most Southeast Asian markets retreat

Most Southeast Asian stock markets retreated on Monday as investors sold resources amid weak global crude prices and cautious trade ahead of a vote by the Greek parliament on unpopular fiscal austerity measures. The regional pullback came amid light marke
Published 28 Jun, 2011 12:00am
Middle East markets: Egypt bourse falls on year-end selling

Middle East markets: Egypt bourse falls on year-end selling

Egypt's bourse fell on Monday as investors locked in gains at the end of a financial year, encouraged by a bearish economic outlook, and Oman's index fell to a four-week low. "Ninety percent of this drop is profit taking by retail clients and local instit
Published 28 Jun, 2011 12:00am
French banks agree to roll over Greek debt

French banks agree to roll over Greek debt

France offered a radical solution on Monday for banks to roll over holdings of Greek debt for 30 years as the Greek government fought to get backbench rebels to support a crucial austerity plan to avert bankruptcy. With depositors fleeing Greek banks in g
Published 28 Jun, 2011 12:00am
China tightens rules on state firms' activity

China tightens rules on state firms' activity

China has unveiled new rules to tighten its grip on state firms' overseas activity, including their mergers and acquisitions, to help prevent the potential loss of state assets. Under the lengthy rules issued by the State Asset Supervision and Administrat
Published 28 Jun, 2011 12:00am
Vedanta takes 10 percent stake in Cairn India, rejigs deal

Vedanta takes 10 percent stake in Cairn India, rejigs deal

Vedanta Resources Plc took another 10 percent stake in Cairn Energy's Indian assets as part of an overhaul of a long-delayed deal which will cut the price tag by more than $600 million. As part of changes announced on Monday, the deal will complete in two
Published 28 Jun, 2011 12:00am
UK and China announce deals worth $2.3 billion

UK and China announce deals worth $2.3 billion

Britain and China unveiled a series of deals worth 1.4 billion pounds ($2.3 billion) during a visit by Chinese Premier Wen Jiabao on Monday, including a new agreement between energy group BG Group and Bank of China to help BG expand there.
Published 28 Jun, 2011 12:00am
Lifeline for Saab as carmaker wins Chinese order

Lifeline for Saab as carmaker wins Chinese order

Swedish Automobile, the parent company of ailing carmaker Saab, was given a glimmer of hope after winning an order for new cars that will enable it to pay wages and suppliers and resume production. Saab is scrambling for funds after saying last week it di
Published 28 Jun, 2011 12:00am
India's growth to overtake China's

India's growth to overtake China's

India's growth rate is poised to overtake China's within two to three years, despite a near-term slowdown, a top Indian economic adviser said on Monday. Kaushik Basu told a conference that it was necessary for India to throttle back growth in the short-te
Published 28 Jun, 2011 12:00am
Globalisation increases risk: OECD

Globalisation increases risk: OECD

Increasing globalisation increases the risk that a major event such as a disease outbreak of financial collapse will prove more disruptive to the world economy while also making them more likely, the OECD said on Monday. The OECD, which groups the world's
Published 28 Jun, 2011 12:00am
US consumer spending breaks 10-month rising streak

US consumer spending breaks 10-month rising streak

US consumer spending failed to rise in May, breaking a string of 10 straight months of gains, as households struggled with rising prices and automakers could not deliver the models Americans wanted. When adjusted for inflation, spending slipped 0.1 percen
Published 28 Jun, 2011 12:00am
Strike hits Standard Chartered's South Korean unit

Strike hits Standard Chartered's South Korean unit

Thousands of workers at Standard Chartered bank's South Korean unit launched an indefinite strike on Monday in protest at management efforts to push ahead with a performance-based pay system. About 3,000 unionised workers of SC First Bank - almost half it
Published 28 Jun, 2011 12:00am
Bank capital surcharge, CoCo blow may force cash calls

Bank capital surcharge, CoCo blow may force cash calls

Europe's banks may need to raise over 50 billion euros ($71.6 billion) after regulators slapped an extra capital surcharge on big lenders to make them safer and forbid the use of debt to pad out the extra cushion. Bank shares hit a low for the year as len
Published 28 Jun, 2011 12:00am
EU scuppers VW plans to take control of MAN

EU scuppers VW plans to take control of MAN

Volkswagen AG suffered a setback in its efforts to create Europe's biggest truckmaker as a European regulator pushed it to drop plans to take control of MAN SE's supervisory board. The German carmaker, which has made a take-over offer for MAN that expires
Published 28 Jun, 2011 12:00am
Cstorseeds rates up in slow trade on grain market

Cstorseeds rates up in slow trade on grain market

Subdued business was seen on the wholesale grain market on Monday as most of the retailers were on the sidelines due to upward trend in the rates, dealers said. On the rice sector Irri-6 Sindh low type retained the weekend level at Rs 3650 while the good
Published 28 Jun, 2011 12:00am
Higher asking prices keep buyers away from deals on cotton market

Higher asking prices keep buyers away from deals on cotton market

Slow business was witnessed on the cotton market on Monday as mills kept to sidelines due to higher asking prices, dealers said. The Karachi Cotton Association (KCA) official spot rate was left unchanged at Rs 8,650, they said. In Sindh price of new Phutt
Published 28 Jun, 2011 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was higher on the forward cottonseed oilcake market on Monday and December vaida was unchanged in process of trading, dealers said. The July contract that had closed at 1425.10 last week opened with 30 paisa gain at Rs 1425.40. The December
Published 28 Jun, 2011 12:00am
Brazil's coffee areas turn cold but no frost

Brazil's coffee areas turn cold but no frost

Minimum night-time temperatures will tumble in the next few days in Brazil's coffee areas but a mass of polar air will not cause a crop-damaging frost, forecaster Somar said on Monday. A combination of a cold front and mass of polar air are making nights
Published 28 Jun, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 243,280 tonnes of cargo including 164,843 tonnes of import cargo, 78,437 tonnes of export cargo and 3,992 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 164,843 tonnes compr
Published 28 Jun, 2011 12:00am
Vietnam's soya imports to more than double in 2012

Vietnam's soya imports to more than double in 2012

Vietnam's soyabean imports next year, mainly from South America, are forecast to more than double to 1.5 million tonnes thanks to demand largely from the country's two crushing plants, both opened this year, traders said on Monday. Soyabean import this ye
Published 28 Jun, 2011 12:00am
Vietnam's June coffee exports jump 21.2 percent

Vietnam's June coffee exports jump 21.2 percent

Vietnam's June coffee exports rose an estimated 21.2 percent from a year ago to 115,000 tonnes, or 1.92 million bags, exceeding market expectations, the agriculture ministry said. The estimate is above trader forecasts, which projected the monthly shipmen
Published 28 Jun, 2011 12:00am
Heavy rains sour cocoa in south-east Ivory Coast

Heavy rains sour cocoa in south-east Ivory Coast

Heavy rains in Southeastern Ivory Coast have hurt the region's cocoa sector, hindering drying and fermenting operations and damaging key roads to market, farmers said. The downpours come amid rising concern over bean quality in the world's top grower nati
Published 28 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 28 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 28 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 Monday (June 27, 2011).

Published 28 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 Monday (June 27, 2011).

Published 28 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 Monday (June 27, 2011).

Published 28 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 Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 27, 2011).
Published 28 Jun, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am