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Print - 2011-07-17
10 killed in Hangu bus firing

10 killed in Hangu bus firing

Ten persons, including three women, were killed in a firing incident at Upper Kurram area of Hangu on Saturday, private TV channels reported. Seven people were killed on the spot while three died at a hospital. According to details, a bus carrying passeng
Published 17 Jul, 2011 12:00am
Afghanistan extends deadline for iron ore bids

Afghanistan extends deadline for iron ore bids

The deadline for bids for Afghanistan's giant Hajigak iron ore deposit has been extended by a month to September 4 at the request of companies interested in the project, the country's mines minister said on Saturday. The Hajigak project, which straddles t
Published 17 Jul, 2011 12:00am
SABIC earnings up 61 percent, beats forecasts

SABIC earnings up 61 percent, beats forecasts

Saudi Basic Industries Corp (SABIC), the world's biggest petrochemical firm by market value, posted a 61 percent rise in second-quarter net profit due to increases in output and prices. SABIC beat analysts' forecasts with net profit of 8.1 billion riyals
Published 17 Jul, 2011 12:00am
ECB's Liikanen urges banks to raise capital

ECB's Liikanen urges banks to raise capital

Banks that barely passed the European financial stress tests must swiftly reinforce their capital, ECB Governing Council member Erkki Liikanen told Finnish public broadcaster YLE on Saturday. The European Banking Authority said on Friday that five banks i
Published 17 Jul, 2011 12:00am
PetroChina shuts refinery unit after fire

PetroChina shuts refinery unit after fire

A PetroChina refinery in the north-east Chinese city of Dalian has shut down a unit that processes 8 million tonnes of crude per year after a fire broke out on Saturday afternoon, an industry source said. "The fire has been stopped. Checks are being made
Published 17 Jul, 2011 12:00am
Swiss-US tax talks flounder as Credit Suisse probed

Swiss-US tax talks flounder as Credit Suisse probed

Swiss attempts to try to get a US tax investigation against its banks dropped are floundering with the launch of a US probe into Credit Suisse seen as a bid to turn up the pressure, a newspaper reported on Saturday. Citing unnamed banking sources, the Tag
Published 17 Jul, 2011 12:00am
Fast-growing India needs second green revolution: Prime Minister

Fast-growing India needs second green revolution: Prime Minister

Indian Prime Minister Manmohan Singh called Saturday for a second "green revolution" to feed the country's burgeoning population that is forecast to overtake China in numbers by 2025 Under India's "Green Revolution" in the 1960s and 70s - seen as one of t
Published 17 Jul, 2011 12:00am
Iraq will be key oil player in next 20 years: Shahristani

Iraq will be key oil player in next 20 years: Shahristani

Iraq will be the key player in international oil politics over the next two decades, the country's top government official for the energy sector said on Saturday. "If we continue along the path we are on, Iraq will over the next two decades be the country
Published 17 Jul, 2011 12:00am
Czech Prime Minister to push for higher sales tax hike

Czech Prime Minister to push for higher sales tax hike

The deepening eurozone crisis calls for a bigger sales tax hike than already agreed, the Czech prime minister told a newspaper on Saturday, setting the stage for renewed political turmoil in his fractious cabinet. Petr Necas's centre-right government has
Published 17 Jul, 2011 12:00am
Regulators shutter four US small banks

Regulators shutter four US small banks

US authorities closed four banks on Friday, bringing the total number of bank closures in 2011 to 55. The first two banks to close on Friday night were in Georgia, followed by one in Florida and one bank in Arizona, the Federal Deposit Insurance Corp said
Published 17 Jul, 2011 12:00am
Ruling backs Apple patent claim against HTC

Ruling backs Apple patent claim against HTC

The US International Trade Commission (ITC) on Friday backed Apple in a patent battle with Taiwan's leading smartphone maker HTC. An ITC administrative law judge reportedly issued a preliminary finding that HTC violated two of 10 patents at issue in a com
Published 17 Jul, 2011 12:00am
Rice, cottonseed oilcake prices dip on grain market

Rice, cottonseed oilcake prices dip on grain market

In line with the international track, rice prices fell on wholesales grain market due to falling demand, dealers said. On the rice sector, Irri-6 Sindh dropped sharply by Rs 100 to Rs 2725-3800 owing decline in demand, they said and adding that prices may
Published 17 Jul, 2011 12:00am
Russian grain yields higher despite rain-hit harvest

Russian grain yields higher despite rain-hit harvest

Russia has so far reaped less grain than a year ago, as the harvesting was delayed by rains in the south, while higher yields could help the country to achieve a large crop, Agriculture Ministry data showed on Friday. Farmers harvested 6.5 million tonnes
Published 17 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 82,452 tonnes of cargo including 38,118 tonnes of import cargo, 44,334 tonnes of export cargo and 4,773 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 38,118 tonnes compri
Published 17 Jul, 2011 12:00am
Dryness hits Argentine wheat farming belt

Dryness hits Argentine wheat farming belt

Argentine farmers are concerned the lack of rain could hurt 2011/12 wheat crops in parts of the country's farming belt, the government said in its weekly crop report on Friday. Argentina is a leading wheat grower and exports the bulk of its crop to neighb
Published 17 Jul, 2011 12:00am
US Midwest corn bids firm, soyabean steady

US Midwest corn bids firm, soyabean steady

Corn spot basis bids were firm for delivery to river and rail terminals around the US Midwest on Friday while soyabean bids held mostly steady on support from light, scattered sales of each crop, dealers said. Rail corn bids in Evansville, Indiana, climbe
Published 17 Jul, 2011 12:00am
Cotton rates turn low marginally

Cotton rates turn low marginally

Bearish trend was witnessed on the cotton market at the weekend, as local prices tracked the global market direction, dealers said The Karachi Cotton Association (KCA) official spot was unchanged at Rs 6,200, they said. Seedcotton rates in Sindh were down
Published 17 Jul, 2011 12:00am
Oil cake market rates

Oil cake market rates

The July vaida failed to retain its firmness, coming down on the forward cottonseed oilcake market on Saturday and December vaida was unchanged in process of trading, dealers said. The July contract had closed at 1427.50 opened with 50 paisa fall at Rs 14
Published 17 Jul, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids held steady on Friday amid slow farmer sales, dealers said. Producers anticipate higher prices and chose to store newly harvested wheat instead of booking sales, a dealer said. Concerns about temperatures above 100 Fahrenh
Published 17 Jul, 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 17 Jul, 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 17 Jul, 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 (July 16, 2011).

Published 17 Jul, 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 (July 16, 2011).

Published 17 Jul, 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 (July 16, 2011).

Published 17 Jul, 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 (July 16, 2011).

Published 17 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 16, 2011).
Published 17 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (July 16, 2011).

Published 17 Jul, 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 (July 16, 2011).

Published 17 Jul, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee continued its fall in relation to dollar on the currency market on Saturday due to rising demand of the US currency, dealers said. The rupee fell by nine paisa in relation to dollar for buying at 86.07 and 86.10 in process of trading, they said.
Published 17 Jul, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee continued its fall in relation to dollar on the currency market on Saturday due to rising demand of the US currency, dealers said. The rupee fell by nine paisa in relation to dollar for buying at 86.07 and 86.10 in process of trading, they said.
Published 17 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 16, 2011).

Published 17 Jul, 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 (July 16, 2011).

Published 17 Jul, 2011 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 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 (July 16, 2011).

Published 17 Jul, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Rehman Malik telephones Chidambaram

Rehman Malik telephones Chidambaram

Minister for Interior, Rehman Malik on Saturday telephoned Indian Home Minister, P. Chidambaram and offered his heartfelt condolences on loss of lives in the recent blast in Mumbai. Malik offered sympathies on behalf of government of Pakistan to the India
Published 17 Jul, 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 (July 16, 2011).

Published 17 Jul, 2011 12:00am
Rehman Malik telephones Chidambaram

Rehman Malik telephones Chidambaram

Minister for Interior, Rehman Malik on Saturday telephoned Indian Home Minister, P. Chidambaram and offered his heartfelt condolences on loss of lives in the recent blast in Mumbai. Malik offered sympathies on behalf of government of Pakistan to the India
Published 17 Jul, 2011 12:00am
10 killed in Hangu bus firing

10 killed in Hangu bus firing

Ten persons, including three women, were killed in a firing incident at Upper Kurram area of Hangu on Saturday, private TV channels reported. Seven people were killed on the spot while three died at a hospital. According to details, a bus carrying passeng
Published 17 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Met Office forecast more rains during next 48 hours

Met Office forecast more rains during next 48 hours

Meteorological Department of Pakistan on Saturday forecast scattered rains with chances of thundershower in Punjab, Khyber-Pakhtunkhwa, and Kashmir during the next 24 hours. Scattered rains and thundershower are expected in Islamabad and Rawalpindi, Gujra
Published 17 Jul, 2011 12:00am
Iran, China ink agreements totalling $4 billion

Iran, China ink agreements totalling $4 billion

Iran and China on Saturday signed a series of agreements worth $4 billion (2.8 billion euros) for infrastructure projects as part of a broader bid to boost trade volume between the two nations, Iranian state media reported. As part of a $500 million (354
Published 17 Jul, 2011 12:00am
Iran, China ink agreements totalling $4 billion

Iran, China ink agreements totalling $4 billion

Iran and China on Saturday signed a series of agreements worth $4 billion (2.8 billion euros) for infrastructure projects as part of a broader bid to boost trade volume between the two nations, Iranian state media reported. As part of a $500 million (354
Published 17 Jul, 2011 12:00am
Iran, China ink agreements totalling $4 billion

Iran, China ink agreements totalling $4 billion

Iran and China on Saturday signed a series of agreements worth $4 billion (2.8 billion euros) for infrastructure projects as part of a broader bid to boost trade volume between the two nations, Iranian state media reported. As part of a $500 million (354
Published 17 Jul, 2011 12:00am
Pakistan needs viable plan for water conservation

Pakistan needs viable plan for water conservation

Pakistan is facing serious issue of water mismanagement and the government needs to formulate a viable plan for water conservation. These views were expressed by senior experts at the interactive session on "Integrated River Basin Management (IRBM) for In
Published 17 Jul, 2011 12:00am
Pakistan needs viable plan for water conservation

Pakistan needs viable plan for water conservation

Pakistan is facing serious issue of water mismanagement and the government needs to formulate a viable plan for water conservation. These views were expressed by senior experts at the interactive session on "Integrated River Basin Management (IRBM) for In
Published 17 Jul, 2011 12:00am
Pakistan needs viable plan for water conservation

Pakistan needs viable plan for water conservation

Pakistan is facing serious issue of water mismanagement and the government needs to formulate a viable plan for water conservation. These views were expressed by senior experts at the interactive session on "Integrated River Basin Management (IRBM) for In
Published 17 Jul, 2011 12:00am
ST refunds via ERS: PRA notices demand extensive record

ST refunds via ERS: PRA notices demand extensive record

The field formations of the Federal Board of Revenue (FBR) have started issuing notices requiring from claimants of sales tax refunds, under the Electronic Refund System (ERS), to physically interact with the tax department and submit all relevant tax rec
Published 17 Jul, 2011 12:00am
ST refunds via ERS: PRA notices demand extensive record

ST refunds via ERS: PRA notices demand extensive record

The field formations of the Federal Board of Revenue (FBR) have started issuing notices requiring from claimants of sales tax refunds, under the Electronic Refund System (ERS), to physically interact with the tax department and submit all relevant tax rec
Published 17 Jul, 2011 12:00am
ST refunds via ERS: PRA notices demand extensive record

ST refunds via ERS: PRA notices demand extensive record

The field formations of the Federal Board of Revenue (FBR) have started issuing notices requiring from claimants of sales tax refunds, under the Electronic Refund System (ERS), to physically interact with the tax department and submit all relevant tax rec
Published 17 Jul, 2011 12:00am
Import of used vehicles: experts raise question over ST rate

Import of used vehicles: experts raise question over ST rate

A question has been raised by tax experts whether there is a need to change the fixed assessment values of duties and taxes on the import of old and used vehicles following reduction in sales tax from 17 percent to 16 percent in budget 2011-12. Sources to
Published 17 Jul, 2011 12:00am
Import of used vehicles: experts raise question over ST rate

Import of used vehicles: experts raise question over ST rate

A question has been raised by tax experts whether there is a need to change the fixed assessment values of duties and taxes on the import of old and used vehicles following reduction in sales tax from 17 percent to 16 percent in budget 2011-12. Sources to
Published 17 Jul, 2011 12:00am
Import of used vehicles: experts raise question over ST rate

Import of used vehicles: experts raise question over ST rate

A question has been raised by tax experts whether there is a need to change the fixed assessment values of duties and taxes on the import of old and used vehicles following reduction in sales tax from 17 percent to 16 percent in budget 2011-12. Sources to
Published 17 Jul, 2011 12:00am
Anjum Aqeel surrenders to police

Anjum Aqeel surrenders to police

Pakistan Muslim League-Nawaz MNA Anjum Aqeel involved in Rs 6 billion National Police Foundation land scam, on Saturday night surrendered to law enforcement agencies which shifted him to some unknown place. Earlier, a civil court had declared Anjum Aqeel
Published 17 Jul, 2011 12:00am
Anjum Aqeel surrenders to police

Anjum Aqeel surrenders to police

Pakistan Muslim League-Nawaz MNA Anjum Aqeel involved in Rs 6 billion National Police Foundation land scam, on Saturday night surrendered to law enforcement agencies which shifted him to some unknown place. Earlier, a civil court had declared Anjum Aqeel
Published 17 Jul, 2011 12:00am
Three dead in attacks on Nato tankers

Three dead in attacks on Nato tankers

Three people were killed and 16 wounded when militants blew up one NATO supply oil tanker and opened fire on another in Pakistan's troubled north-west, police and officials said. The first incident took place near a market in a suburb of Peshawar, close t
Published 17 Jul, 2011 12:00am
Three dead in attacks on Nato tankers

Three dead in attacks on Nato tankers

Three people were killed and 16 wounded when militants blew up one NATO supply oil tanker and opened fire on another in Pakistan's troubled north-west, police and officials said. The first incident took place near a market in a suburb of Peshawar, close t
Published 17 Jul, 2011 12:00am
UAE to donate three million barrels oil to Yemen

UAE to donate three million barrels oil to Yemen

The United Arab Emirates has pledged 3 million barrels of oil to Yemen, which faces a fuel crisis due to attacks on a pipeline during widespread political unrest, a Yemeni deputy minister said on Saturday. Deputy Information Minister Abdo al-Janadi, speak
Published 17 Jul, 2011 12:00am
Energy import bill seen hitting $45 billion mark in 2020

Energy import bill seen hitting $45 billion mark in 2020

Already facing one of the worst economic periods of its history, Pakistan won't be able to sustain energy import bill that is being projected to increase to $ 45 billion in the year 2020 and $ 60 billion in 2025. Well-placed sources told Business Recor
Published 17 Jul, 2011 12:00am
Energy import bill seen hitting $45 billion mark in 2020

Energy import bill seen hitting $45 billion mark in 2020

Already facing one of the worst economic periods of its history, Pakistan won't be able to sustain energy import bill that is being projected to increase to $ 45 billion in the year 2020 and $ 60 billion in 2025. Well-placed sources told Business Recor
Published 17 Jul, 2011 12:00am
Essential items'' prices show increase

Essential items'' prices show increase

Prices of most of the essential kitchen items registered considerable increase during the current week as compared to previous week, a survey carried out by Business Recorder showed. Traders at Rawalpindi/Islamabad wholesale and retail markets said
Published 17 Jul, 2011 12:00am
Essential items' prices show increase

Essential items' prices show increase

Prices of most of the essential kitchen items registered considerable increase during the current week as compared to previous week, a survey carried out by Business Recorder showed. Traders at Rawalpindi/Islamabad wholesale and retail markets said
Published 17 Jul, 2011 12:00am
Essential items' prices show increase

Essential items' prices show increase

Prices of most of the essential kitchen items registered considerable increase during the current week as compared to previous week, a survey carried out by Business Recorder showed. Traders at Rawalpindi/Islamabad wholesale and retail markets said
Published 17 Jul, 2011 12:00am
Seven hurt as KRC rally comes under attack

Seven hurt as KRC rally comes under attack

At least seven persons including a woman were wounded when a protest rally of Kachi Rabita Committee (KRC) came under attack at Maripur road. According to KRC, the workers of Peoples Amn Committee (PAC) and Lyari gangsters were behind this attack. They de
Published 17 Jul, 2011 12:00am
Seven hurt as KRC rally comes under attack

Seven hurt as KRC rally comes under attack

At least seven persons including a woman were wounded when a protest rally of Kachi Rabita Committee (KRC) came under attack at Maripur road. According to KRC, the workers of Peoples Amn Committee (PAC) and Lyari gangsters were behind this attack. They de
Published 17 Jul, 2011 12:00am
UAE to donate three million barrels oil to Yemen

UAE to donate three million barrels oil to Yemen

The United Arab Emirates has pledged 3 million barrels of oil to Yemen, which faces a fuel crisis due to attacks on a pipeline during widespread political unrest, a Yemeni deputy minister said on Saturday. Deputy Information Minister Abdo al-Janadi, speak
Published 17 Jul, 2011 12:00am
India lifts ban on wheat exports

India lifts ban on wheat exports

India, whose wheat stocks are overflowing because of bumper crops, has lifted a four-year ban on exports of the grain, a minister said on Saturday, according to a report. India, one of the world''s largest wheat producers as well as one of its biggest use
Published 17 Jul, 2011 12:00am
Met Office forecast more rains during next 48 hours

Met Office forecast more rains during next 48 hours

Meteorological Department of Pakistan on Saturday forecast scattered rains with chances of thundershower in Punjab, Khyber-Pakhtunkhwa, and Kashmir during the next 24 hours. Scattered rains and thundershower are expected in Islamabad and Rawalpindi, Gujra
Published 17 Jul, 2011 12:00am
India lifts ban on wheat exports

India lifts ban on wheat exports

India, whose wheat stocks are overflowing because of bumper crops, has lifted a four-year ban on exports of the grain, a minister said on Saturday, according to a report. India, one of the world's largest wheat producers as well as one of its biggest user
Published 17 Jul, 2011 12:00am
India lifts ban on wheat exports

India lifts ban on wheat exports

India, whose wheat stocks are overflowing because of bumper crops, has lifted a four-year ban on exports of the grain, a minister said on Saturday, according to a report. India, one of the world's largest wheat producers as well as one of its biggest user
Published 17 Jul, 2011 12:00am
People's Unity chief among eight shot dead

People's Unity chief among eight shot dead

At least eight persons including a senior activist of Pakistan Peoples Party were killed in shootout at various parts of the metropolis, here on Saturday. President of People's Unity CBA PIA, Syed Ahmer Ali Shah, son of Safdar Ali and his friend Mairaj Kh
Published 17 Jul, 2011 12:00am
UAE to donate three million barrels oil to Yemen

UAE to donate three million barrels oil to Yemen

The United Arab Emirates has pledged 3 million barrels of oil to Yemen, which faces a fuel crisis due to attacks on a pipeline during widespread political unrest, a Yemeni deputy minister said on Saturday. Deputy Information Minister Abdo al-Janadi, speak
Published 17 Jul, 2011 12:00am
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