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Print - 2011-08-14
Travel of US diplomats: McCain urges Prime Minister to lift restrictions

Travel of US diplomats: McCain urges Prime Minister to lift restrictions

The US Senator John McCain has requested Prime Minister Syed Yousuf Raza Gilani to lift restrictions on travel of US diplomats within the country, informed sources revealed exclusively to this correspondent. The visiting Senator, John McCain, who called o
Published 14 Aug, 2011 12:00am
Travel of US diplomats: McCain urges Prime Minister to lift restrictions

Travel of US diplomats: McCain urges Prime Minister to lift restrictions

The US Senator John McCain has requested Prime Minister Syed Yousuf Raza Gilani to lift restrictions on travel of US diplomats within the country, informed sources revealed exclusively to this correspondent. The visiting Senator, John McCain, who called o
Published 14 Aug, 2011 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (July 2 to 30, 2011)

Published 14 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (August 13, 2011) and the forecast for Sunday (August 14, 2011).

Published 14 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 13, 2011).

Published 14 Aug, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (August 13, 2011) and for Sunday (August 14, 2011).
Published 14 Aug, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (August 13, 2011).

Published 14 Aug, 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 (August 13, 2011).

Published 14 Aug, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (August 13, 2011).

Published 14 Aug, 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 (August 13, 2011).

Published 14 Aug, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 13, 2011).

Published 14 Aug, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 13, 2011).

Published 14 Aug, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 13, 2011).

Published 14 Aug, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 13, 2011).

Published 14 Aug, 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 (August 13, 2011).

Published 14 Aug, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 13, 2011).

Published 14 Aug, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 13, 2011).

Published 14 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (August 13, 2011).

Published 14 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (August 13, 2011).

Published 14 Aug, 2011 12:00am
THE RUPEE: dollar sharply up

THE RUPEE: dollar sharply up

Bears dominated the money market on Saturday as demand for dollars was higher during the business hours, dealers said. The rupee could not escape from recent weakness despite the high inflows of dollar, losing 18 paisa in terms of the greenback for buying
Published 14 Aug, 2011 12:00am
THE RUPEE: dollar sharply up

THE RUPEE: dollar sharply up

Bears dominated the money market on Saturday as demand for dollars was higher during the business hours, dealers said. The rupee could not escape from recent weakness despite the high inflows of dollar, losing 18 paisa in terms of the greenback for buying
Published 14 Aug, 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 (August 13, 2011).

Published 14 Aug, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (August 13, 2011).

Published 14 Aug, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 13, 2011).
Published 14 Aug, 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 (August 13, 2011).

Published 14 Aug, 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 (August 13, 2011).

Published 14 Aug, 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 (August 13, 2011).

Published 14 Aug, 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 (August 13, 2011).

Published 14 Aug, 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 14 Aug, 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 14 Aug, 2011 12:00am
Pakistan Movement and current challenges

Pakistan Movement and current challenges

Pakistan celebrates 65th Independence Day on August 14, 2011. There is a strong reason to be happy on this occasion because independence is an honourable status in the comity of nations which the people of Pakistan achieved after making countless sacrific
Published 14 Aug, 2011 12:00am
Why is democracy in such disarray?

Why is democracy in such disarray?

Some forty-two months ago, the February 2008 elections turned a new page in Pakistan's existential career. It heralded the demise of the ancient regime, and the birth of a democratic order. The elections yielded the emergence of two major parties - those
Published 14 Aug, 2011 12:00am
Pakistan: A secular state or an Islamic state?

Pakistan: A secular state or an Islamic state?

A western historian and a few Pakistani columnists/writers have been consistently propagating that the Quaid wanted Pakistan to be a secular state. In support of this argument, they quote the Quaid's speech of 11 August 1947. It is, however, significant t
Published 14 Aug, 2011 12:00am
The Father of the Nation

The Father of the Nation

Quaid-i-Azam Muhammad Ali Jinnah Now I ask you to get rid of this provincialism, because as long as you allow this poison to remain in the body politic of Pakistan, believe me you will never be a strong nation, and you will never be able to
Published 14 Aug, 2011 12:00am
Former PFF secretary dies

Former PFF secretary dies

The former Secretary General of Pakistan Football Federation (PFF) Malik Muhammad Hussain died of protracted illness. Being Secretary General of PFF from 1968 to 1975, late Malik Muhammad Hussain rendered valuable services for the uplift of football durin
Published 14 Aug, 2011 12:00am
Pakistan, India football clash in September

Pakistan, India football clash in September

India and Pakistan will lock horns this summer on the football pitch for the first time in England and Scotland. The two teams will meet on September 3 at Derby's Pride Park and on September 9 in Glasgow, Scotland. The match has received backing from high
Published 14 Aug, 2011 12:00am
Cameron hails England's 'world beaters'

Cameron hails England's 'world beaters'

Prime Minister David Cameron on Saturday urged the whole nation to be proud of its "world beaters" after England became the world's number one Test side with a crushing victory against India. Cameron said he had watched the final overs of the match at Edg
Published 14 Aug, 2011 12:00am
Triumphant England on top of the world

Triumphant England on top of the world

England surged to the top of the world rankings after crushing India by an innings and 242 runs in the third Test on Saturday to secure their sixth consecutive series win. Fast bowler James Anderson claimed four for 85 as India were dismissed for 244 afte
Published 14 Aug, 2011 12:00am
Apple, publishers sued for alleged price fixing

Apple, publishers sued for alleged price fixing

Five book publishers and computer manufacturer Apple have been sued for allegedly colluding to drive up the price of e-books, lawyers for the plaintiffs said. The class-action suit, filed in the US District Court here, claims HarperCollins, Hachette, Macm
Published 14 Aug, 2011 12:00am
India's top lender SBI profit slumps 46 percent

India's top lender SBI profit slumps 46 percent

India's top lender by assets, State Bank of India, reported on Saturday a bigger-than-expected 46 percent slide in quarterly profit from a year earlier as provisions against bad loans jumped. Net profit for the financial first quarter to June slumped to 1
Published 14 Aug, 2011 12:00am
China to double solar capacity by year-end

China to double solar capacity by year-end

China will double its solar capacity to around 2 gigawatts (GW) by the end of the year as the world's largest solar-panel maker ramps up domestic installation, a local paper said on Saturday citing a government-linked think tank.
Published 14 Aug, 2011 12:00am
China mulls overseas trading for futures brokers

China mulls overseas trading for futures brokers

China may launch a pilot programme allowing three to four brokerages to broker trades on overseas exchanges and may finalise the list of companies by as early as next month, the Economic Observer reported on Saturday. Citing an unidentified source, the pa
Published 14 Aug, 2011 12:00am
No change to dollar's key forex status: BoJ Shirakawa

No change to dollar's key forex status: BoJ Shirakawa

Bank of Japan Governor Masaaki Shirakawa said there was no immediate change to the dollar's status as a key global currency despite Standard & Poor's downgrade of the US sovereign debt rating, a Japanese newspaper reported on Saturday.
Published 14 Aug, 2011 12:00am
Obama calls for extending payroll tax cut

Obama calls for extending payroll tax cut

US President Barack Obama said on Saturday that bitter fights between Democrats and Republicans in Washington were hurting the economy and he urged lawmakers to embrace compromise in order to boost job growth.
Published 14 Aug, 2011 12:00am
Canadian banks shifting rate hike views into 2012

Canadian banks shifting rate hike views into 2012

Canadian banks, which only last month expected the Bank of Canada to resume tightening this fall, are pushing rate hike forecasts into next year following some of the worst financial market turmoil since 2008. RBC Capital Markets and BMO Capital Markets,
Published 14 Aug, 2011 12:00am
Asian ministers predict slowdown in growth

Asian ministers predict slowdown in growth

Asian economic ministers on Saturday predicted a slowdown in regional economic growth this year amid the European debt crises and planned spending cuts in the United States. The ministers said the developing economies of the 10-state Association of Southe
Published 14 Aug, 2011 12:00am
Iran reiterates threat to take gas project off China

Iran reiterates threat to take gas project off China

Iran reiterated to China on Saturday it could take back control of a gas field being developed by its national oil company unless it speeds up investment, one week after the new Iranian oil minister said no foreign contractors were needed.
Published 14 Aug, 2011 12:00am
France's Orange adds to iPhone 5 release hype

France's Orange adds to iPhone 5 release hype

French mobile network operator Orange has broken the secrecy surrounding Apple's new iPhone 5 through a job advert, despite the US firm's ban on its partners referring to the product before its expected Sptember release. Orange which is owned by France Te
Published 14 Aug, 2011 12:00am
Tanzania suspends oil firm for three months

Tanzania suspends oil firm for three months

Tanzania BP, an oil trading joint venture owned by the government and a subsidiary of commodity trader Trafigura, has been suspended from selling fuel for three months after refusing to do so because of a fall in oil prices, the energy regulator said.
Published 14 Aug, 2011 12:00am
German finance minister against 'collectivised' euro debt

German finance minister against 'collectivised' euro debt

Germany remains against any collectivisation of eurozone governments' debt and the creation of common euro bonds is impossible while countries run separate economic policy, Finance Minister Wolfgang Schaeuble has said.
Published 14 Aug, 2011 12:00am
Italy calls for euro bonds; UK backs fiscal union

Italy calls for euro bonds; UK backs fiscal union

Italian Economy Minister Giulio Tremonti stepped up calls for a more co-ordinated response to the eurozone debt crisis on Saturday ahead of a potentially vital summit between the leaders of France and Germany next week.
Published 14 Aug, 2011 12:00am
Italy calls for euro bonds; UK backs fiscal union

Italy calls for euro bonds; UK backs fiscal union

Italian Economy Minister Giulio Tremonti stepped up calls for a more co-ordinated response to the eurozone debt crisis on Saturday ahead of a potentially vital summit between the leaders of France and Germany next week.
Published 14 Aug, 2011 12:00am
Texas Governor Perry running for president

Texas Governor Perry running for president

Ending months of speculation, conservative Texas Governor Rick Perry declared online Saturday that he is running for president, becoming the latest Republican candidate to mount a 2012 White House challenge.
Published 14 Aug, 2011 12:00am
Tripoli denies rebel capture of western port town

Tripoli denies rebel capture of western port town

The Libyan government insisted Zawiyah was under the regime's control on Saturday, dismissing rebel claims of having captured the port city on the road to Tripoli. Zawiyah is completely under government control, government spokesman Mussa Ibrahim told rep
Published 14 Aug, 2011 12:00am
Celebrations in Cuba as Fidel Castro turns 85

Celebrations in Cuba as Fidel Castro turns 85

Cuban revolutionary icon Fidel Castro turns 85 on Saturday amid celebrations in his honour that he so far failed to attend. Cuba has been partying since Tuesday, with concerts, ballet performances and art exhibitions organised on behalf of the man who led
Published 14 Aug, 2011 12:00am
US expands probe of News Corp

US expands probe of News Corp

US authorities are investigating if Britain's News Corp had a broader pattern of misconduct in the United States, the Wall Street Journal reported in its online edition on Saturday. The latest investigation concerns past allegations of misconduct, includi
Published 14 Aug, 2011 12:00am
Al Qaeda tries to produce lethal poison ricin

Al Qaeda tries to produce lethal poison ricin

US officials believe that a regional arm of al Qaeda is trying to produce the lethal poison ricin in order to use it in future attacks against the United States, The New York Times reported late Friday. Citing unspecified classified intelligence reports,
Published 14 Aug, 2011 12:00am
US anti-gang cop warns Britain over riot policy

US anti-gang cop warns Britain over riot policy

A US street crime expert enlisted by British Prime Minister David Cameron to help curb gangs after this week's riots warned Saturday that solving the problem was more complex than just arresting people. As police turned out in force in London on Saturday
Published 14 Aug, 2011 12:00am
Berlin marks 50th Wall anniversary

Berlin marks 50th Wall anniversary

Berlin on Saturday marked the 50th anniversary of the day the Berlin Wall started to go up with a memorial service and a minute of silence in memory of those who died trying to flee to the West. German President Christian Wulff, Chancellor Angela Merkel,
Published 14 Aug, 2011 12:00am
23 dead in fighting in Philippines

23 dead in fighting in Philippines

At least 23 fighters were killed in clash between two Muslim rebel factions in the southern Philippines that started early this week, a military report said Saturday. The fighting erupted Tuesday between the main Moro Islamic Liberation Front and a group
Published 14 Aug, 2011 12:00am
Top Bangladesh film-maker dies in road crash

Top Bangladesh film-maker dies in road crash

Award-winning Bangladeshi film-maker Tareq Masud died Saturday along with four other people in a road crash west of the country's capital, Dhaka, police said. Masud and four others, including the chief executive of Bangladesh's private ATN television news
Published 14 Aug, 2011 12:00am
Five Iraqis killed

Five Iraqis killed

Bombings and shootings, including an attack near cafes and ice cream shops, killed five Iraqis and wounded 14 in the capital and a western town, officials said Saturday. A roadside bomb on Saturday hit a joint Iraqi police-army patrol as it parked by a dr
Published 14 Aug, 2011 12:00am
Palestinians set date for UN statehood bid

Palestinians set date for UN statehood bid

The Palestinians are to present their bid for United Nations membership on September 20, Palestinian foreign minister Riyad al-Malki told AFP on Saturday. "Palestinian president Mahmud Abbas will personally present the request to UN Secretary General Ban
Published 14 Aug, 2011 12:00am
Relief groups boost Mogadishu aid delivery

Relief groups boost Mogadishu aid delivery

UN humanitarian chief Valerie Amos said Saturday relief groups were ramping up aid delivery to tens of thousands of people affected by famine and drought in Somalia's war-riven capital Mogadishu. More than 100,000 people have fled to Mogadishu from other
Published 14 Aug, 2011 12:00am
Obama, Saudi king urge end to Syria crackdown

Obama, Saudi king urge end to Syria crackdown

US President Barack Obama and Saudi Arabia's King Abdullah on Saturday called for an immediate end to the Syrian government's crackdown on protests against President Bashar al-Assad, the White House said.
Published 14 Aug, 2011 12:00am
Syrian forces kill three; OIC calls to stop bloodshed

Syrian forces kill three; OIC calls to stop bloodshed

Syrian troops killed three people as tanks swept into a coastal city on Saturday, activists said, in a crackdown on protests against President Bashar al-Assad which drew criticism from an international Muslim group.
Published 14 Aug, 2011 12:00am
China's July soyabeans imports jump

China's July soyabeans imports jump

China's soybean imports in July jumped 24.4 percent from the previous month to an eight-month high of 5.35 million tonnes, data from the General Administration of Customs showed on Wednesday. July imports, which were up 8.1 percent from a year earlier, ha
Published 14 Aug, 2011 12:00am
Asia sugar surplus strains prices, eyes on China demand

Asia sugar surplus strains prices, eyes on China demand

Bumper sugar harvests in Thailand, India and the Philippines are tilting the global balance into surplus, sparking fierce competition and piling pressure on prices as fears over a slowdown in the world economy knocked futures off highs. New York raw sugar
Published 14 Aug, 2011 12:00am
Vietnamese rice prices near three-year high

Vietnamese rice prices near three-year high

Vietnamese rice prices hit a three-year high on Wednesday because of demand for loading, while a combination of a stronger Thai baht and speculation about intervention by the new government kept Thai prices firm despite thin demand. Traders said offers fo
Published 14 Aug, 2011 12:00am
India's cotton output seen up 9.8 percent

India's cotton output seen up 9.8 percent

According to a report, India's cotton output is set for a second successive record harvest in 2011/12, up about 10 percent over last year's 32.5 million bales, a Reuters poll showed, signalling higher supplies from the world's number two producer amid sli
Published 14 Aug, 2011 12:00am
Cotton crop focus on demand before USDA data

Cotton crop focus on demand before USDA data

The US Agriculture Department's monthly supply report should show another cut for the drought-stricken US cotton crop, but traders said Wednesday the focus would be fixed firmly on demand in the 2011/12 season. In a poll by Thomson Reuters, market partici
Published 14 Aug, 2011 12:00am
Cotton trade disputes USDA production report

Cotton trade disputes USDA production report

The US cotton market had a tepid reaction to a key government crop report on Thursday as some traders said the estimate for US 2011/12 cotton production was too high. USDA forecast US 2011/12 cotton production at 16.55 million (480-lb) bales, up from 16 m
Published 14 Aug, 2011 12:00am
Southeast Asian palm oil output likely to stay lower

Southeast Asian palm oil output likely to stay lower

Southeast Asian palm oil output will not be as high as expected this year as the effects of the El Nino weather condition in 2010 may weaken yields, a top official from Malaysia's IJM Plantations said on Wednesday. Chief Executive Joseph Tek said the impa
Published 14 Aug, 2011 12:00am
Gold hits new record above $1,800 amid eurozone debt storm

Gold hits new record above $1,800 amid eurozone debt storm

Gold hit a record peak this week as investors sought shelter from slumping equities amid unfounded rumours of a France credit rating downgrade and worries over Societe Generale's Greek debt exposure. However, the French government categorically denied tha
Published 14 Aug, 2011 12:00am
Thai sugar

Thai sugar

Thailand, the world's second-biggest sugar exporter, is expected to produce at least 9.2 million tonnes of the sweetener in the current 2011/12 crop, a senior official at the Office of Cane and Sugar Board (OCSB) said on Tuesday. Some traders have said ou
Published 14 Aug, 2011 12:00am
Philippines sells raw sugar

Philippines sells raw sugar

South Korea has bought 6,000 tonnes raw sugar from the Philippines, the latest export deal of the Southeast Asian country as it struggles to find buyers for its excess supply of the sweetener, officials said on Tuesday. Only three buyers have so far emerg
Published 14 Aug, 2011 12:00am
Asia coffee premiums at all-time highs

Asia coffee premiums at all-time highs

Premiums for robusta coffee stayed at record highs in Asia on lingering supply concerns, but demand was scarce and more exporters are likely to delay shipments from Vietnam because of a shortage of beans, dealers said on Thursday. Grade 2, 5 percent black
Published 14 Aug, 2011 12:00am
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