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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-09-17
Kosovo, EU deploy customs, police in restive north

Kosovo, EU deploy customs, police in restive north

Kosovar and European Union police and customs officers deployed at two contested border crossings with Serbia in the predominantly-Serb north of the country on Friday, an official said, amid concerns that the move could provoke ethnic violence. Heavily ar
Published 17 Sep, 2011 12:00am
Taiwan stocks climb

Taiwan stocks climb

Taiwan stocks ended up 2.6 percent, their best percentage gain in nearly four weeks, on Friday with tech and financial heavyweights in the lead, as central banks' co-ordinated action eased fears about the eurozone's debt crisis. Analysts said market senti
Published 17 Sep, 2011 12:00am
Indian shares stay up

Indian shares stay up

Indian shares rose for the third straight session on Friday, as risk appetite returned globally on hopes policymakers will come up with more actions to combat the European debt crisis, helping investors shrug off a rate increase by the domestic central ba
Published 17 Sep, 2011 12:00am
South East Asian markets: Singapore up, Indonesia snaps five-day fall

South East Asian markets: Singapore up, Indonesia snaps five-day fall

Some Southeast Asian stock markets gained on Friday as financials bounced back, with global sentiment reviving on hopes European policymakers would finally come up with a bold plan to combat a deepening debt crisis. Still, trading volume was relatively li
Published 17 Sep, 2011 12:00am
Obama signs patent bill, sees boost for innovators

Obama signs patent bill, sees boost for innovators

President Barack Obama signed into law a patent overhaul bill on Friday that backers say will curb frivolous lawsuits and help the US Patent and Trademark Office do the hiring needed to clear a huge backlog of applications. Obama said the law would give a
Published 17 Sep, 2011 12:00am
3D Hitler album goes on sale in Germany

3D Hitler album goes on sale in Germany

A new album of images of Adolf Hitler captured in 3D, once used as a propaganda tool by the Nazi regime, went on sale in Germany on Friday. In "The Face of the Dictatorship: the Third Reich in 3D", the historian and journalist Ralf Georg Reuth has assembl
Published 17 Sep, 2011 12:00am
UBS trader charged with $2 billion fraud

UBS trader charged with $2 billion fraud

British police charged UBS trader Kweku Adoboli on Friday with fraud and false accounting dating back to 2008, a day after the Swiss bank was plunged into crisis by revealing a $2 billion trading loss. Wearing a light blue sweater and a white shirt, 31-ye
Published 17 Sep, 2011 12:00am
China shuts US plant over lead poisoning scare

China shuts US plant over lead poisoning scare

Shanghai said Friday it had ordered the temporary closure of two plants, including a unit of US Fortune 500 company Johnson Controls, over fears they may be causing lead poisoning in children. "A small amount of children living in the Kangqiao area in eas
Published 17 Sep, 2011 12:00am
Defence cuts could boost US unemployment: Pentagon

Defence cuts could boost US unemployment: Pentagon

The Pentagon is warning Congress that potential sweeping cuts to the defence budget would put millions more out of work and add a percentage point to the country's unemployment rate, officials said Thursday.
Published 17 Sep, 2011 12:00am
Friday's afternoon trade: stocks up for fifth day

Friday's afternoon trade: stocks up for fifth day

US stocks rose for a fifth day on Friday on hopes Europe was on course to solve its debt problems, but investors warned of sharp reversals if real solutions failed to materialise. The Dow Jones industrial average gained 58.65 points, or 0.51 percent, to 1
Published 17 Sep, 2011 12:00am
Belarus to receive used India fighter jets

Belarus to receive used India fighter jets

Belarus is expected receive 18 renovated fighter jets that until recently were operated by the Indian air force, a leading Russian news magazine reported Friday. The Belarusian air force "is most likely" to obtain the Russian-built Su-30K planes after the
Published 17 Sep, 2011 12:00am
Floods kills 98 in Thailand, cause widespread damage

Floods kills 98 in Thailand, cause widespread damage

Monsoon rains, floods and mudslides in Thailand have killed at least 98 people since July, including a French tourist, authorities said on Friday, posing a test for the new government of Prime Minister Yingluck Shinawatra. Flooding in 29 of Thailand's 76
Published 17 Sep, 2011 12:00am
Big chemical fire brought under control in Canberra

Big chemical fire brought under control in Canberra

Fire-fighters on Friday brought under control a huge chemical fire in the Australian capital Canberra that sparked fears of toxic smoke plumes affecting nearby residents. "We are 100 percent confident that we have it contained," Australian Capital Territo
Published 17 Sep, 2011 12:00am
Strauss-Kahn admits making pass at author, denies rape

Strauss-Kahn admits making pass at author, denies rape

Former IMF chief Dominique Strauss-Kahn told police he made a pass at a young author in 2003 but denied her claim that he tried to rape her, a source close to the inquiry told AFP on Friday. The 62-year-old Socialist politician, who returned to France thi
Published 17 Sep, 2011 12:00am
Foreigners buy Canada treasury bills on US, euro fears

Foreigners buy Canada treasury bills on US, euro fears

Foreigners bought a record amount of Canadian treasury bills in July as the US debt ceiling negotiations and European sovereign debt crisis shook investor confidence, according to Statistics Canada data released on Friday. Foreigners purchased a record C$
Published 17 Sep, 2011 12:00am
Foreigners buy Canada treasury bills on US, euro fears

Foreigners buy Canada treasury bills on US, euro fears

Foreigners bought a record amount of Canadian treasury bills in July as the US debt ceiling negotiations and European sovereign debt crisis shook investor confidence, according to Statistics Canada data released on Friday. Foreigners purchased a record C$
Published 17 Sep, 2011 12:00am
Sri Lanka holds rates on stable rupee, moderate inflation

Sri Lanka holds rates on stable rupee, moderate inflation

Sri Lanka's central bank kept policy rates unchanged on Friday for an eighth straight month, saying a favourable outlook for domestic economic activity, a stable rupee exchange rate and improved domestic food supplies should keep inflation moderate.
Published 17 Sep, 2011 12:00am
China's foreign debts at $642.5 billion

China's foreign debts at $642.5 billion

China's foreign debt rose $57 billion in the second quarter to hit $642.5 billion by the end of June, data from the top foreign exchange regulator showed on Friday. Short-term foreign debt, a gauge for hot money inflow, rose $50 billion in the same quarte
Published 17 Sep, 2011 12:00am
Key euro rates rise

Key euro rates rise

Key euro-priced bank-to-bank lending rates edged higher on Friday as concerns about the ability of the eurozone to handle the sovereign debt crisis continued to weigh on money markets. The three-month Euribor rate - traditionally the main gauge of unsecur
Published 17 Sep, 2011 12:00am
Rupiah dips

Rupiah dips

The Indonesian rupiah dipped on Friday and was on track for its worst weekly drop in more than 2-1/2 years on Friday, after days of heavy selling by hedge funds and offshore investors, some of whom booked profits in Indonesian government bonds. The dollar
Published 17 Sep, 2011 12:00am
Swiss franc steadies

Swiss franc steadies

The Swiss franc shadowed the euro lower against the dollar on Friday in thin and tentative trading ahead of a meeting of European Union finance ministers in Poland which US Treasury Secretary Tim Geithner will also attend. The franc dipped against the eur
Published 17 Sep, 2011 12:00am
Yuan rise subdued

Yuan rise subdued

The yuan ended up against the dollar on Friday after the central bank set a record high mid-piont, but gains were capped below its all-time peak due to strong dollar demand from large firms and concerns over the global market. "I can see some dollar deman
Published 17 Sep, 2011 12:00am
Euro rallies in New York

Euro rallies in New York

The euro rose the most against the dollar in a month on Thursday after major central banks moved to alleviate funding strains for European banks, though few investors expect the rally to last. The European Central Bank said it will cooperate with the US F
Published 17 Sep, 2011 12:00am
Early trade in New York: Euro slides versus dollar

Early trade in New York: Euro slides versus dollar

The euro dropped on Friday, hurt by a spate of negative news out of Europe from the German chancellor's rejection of a eurozone bond to unexpectedly low private participation in Greece's debt program. The euro was last down 0.7 percent at $1.37789, off a
Published 17 Sep, 2011 12:00am
Euro dips in London

Euro dips in London

The euro slipped on Friday after market players took profits from a rally sparked by co-ordinated action from major central banks to boost liquidity, and looked vulnerable to the downside if a meeting of EU finance ministers fails to agree further measure
Published 17 Sep, 2011 12:00am
Euro steadies in Asia

Euro steadies in Asia

The euro clung to gains on Friday, boosted by co-ordinated action from key central banks to add liquidity to the European banking system, although the rally is unlikely to last as the Greek debt crisis remains in a critical state. Investors were reluctant
Published 17 Sep, 2011 12:00am
Aussie, New Zealand dollars nudge up

Aussie, New Zealand dollars nudge up

The Australian and New Zealand dollars extended gains on Friday, ahead of an EU meeting which investors hope will come up with bold steps to keep the eurozone together. The Aussie gained 0.4 percent to $1.0356, having rallied offshore following central ba
Published 17 Sep, 2011 12:00am
Sterling reverses early losses

Sterling reverses early losses

Sterling reversed early losses versus the dollar on Friday as investors booked profits on short positions, but it remained within sight of an eight-month low, dogged by signs Bank of England officials were inching toward more monetary stimulus. The pound
Published 17 Sep, 2011 12:00am
Banks help FTSE rack up fourth day of gains

Banks help FTSE rack up fourth day of gains

Britain's leading share index closed higher on Friday, extending its winning run to a fourth day on hopes eurozone finance ministers would firm up their response to the region's debt crisis over the weekend. The FTSE 100 ended the day up 0.6 percent, or 3
Published 17 Sep, 2011 12:00am
European shares extend rally

European shares extend rally

European shares extended a rally to a fourth day on Friday, on optimism that policymakers may come up with a unified action plan to tackle the eurozone debt crisis at a finance ministers' meeting. However, shares in French and Italian banks were down shar
Published 17 Sep, 2011 12:00am
Seoul shares jump

Seoul shares jump

Seoul shares extended gains to close 3.7 percent higher on Friday, lifted by rallies in banks and brokerages as co-ordinated efforts by major central banks soothed jitters about the eurozone debt crisis. Foreign investors turned net buyers for the first t
Published 17 Sep, 2011 12:00am
Nikkei climbs over two percent

Nikkei climbs over two percent

The Nikkei stock average rose more than 2 percent on Friday, posting its biggest daily percentage gain since March, as co-ordinated action from central banks calmed fears of a European credit freeze and sent financial shares surging. The benchmark's secon
Published 17 Sep, 2011 12:00am
Hong Kong, China shares gain

Hong Kong, China shares gain

Hong Kong shares finished higher on Friday, led by cyclicals, in hopes of more concerted action in Europe to address the region's debt crisis, but lacklustre turnover signalled investors remained sceptical over how long any gains would last. The Hang Seng
Published 17 Sep, 2011 12:00am
US debt prices fall

US debt prices fall

US government debt prices fell on Thursday as a global central bank plan to provide three-month dollar loans to European financial firms encouraged investors to move into riskier assets like stocks. News that US inflation rose more than expected in August
Published 17 Sep, 2011 12:00am
US debt prices fall

US debt prices fall

US government debt prices fell on Thursday as a global central bank plan to provide three-month dollar loans to European financial firms encouraged investors to move into riskier assets like stocks. News that US inflation rose more than expected in August
Published 17 Sep, 2011 12:00am
Eurozone progress extends Wall Street gain

Eurozone progress extends Wall Street gain

US stocks rose for a fourth day on Thursday as co-ordinated central bank action calmed fears that Europe's financial sector was headed for a credit freeze due to the region's sovereign debt crisis. Financial shares rallied after the European Central Bank
Published 17 Sep, 2011 12:00am
VC PU inaugurates new block of HCBF

VC PU inaugurates new block of HCBF

Punjab University Vice-Chancellor Professor Dr Mujahid Kamran has inaugurated the new block of Hailey College of Banking & Finance (HCBF) here at the College. Registrar Professor Dr Muhammad Akhtar, HCBF Principal Professor Dr Kh Amjad Saeed, Additional T
Published 17 Sep, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Sep, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Sep, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 17 Sep, 2011 12:00am
Firdous visits PBA

Firdous visits PBA

Federal Minister for Information and Broadcasting, Dr Firdous Ashiq Awan visited PBA and met Directors of PBA and urged upon the PBA members to come forward and help the people affected by floods in Sindh. It is the worst flooding disaster in the history
Published 17 Sep, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Sep, 2011 12:00am
MNA stresses anti-dengue spray

MNA stresses anti-dengue spray

Member National Assembly and Chairman Emergency Response Committee for Dengue Virus, Ravi Town Malik Muhamamd Riaz has stressed upon the owners of private educational institutions to ensure anti-dengue spray in their schools and colleges within holidays a
Published 17 Sep, 2011 12:00am
Safma pays rich tribute to late journalist Eric Cyprian

Safma pays rich tribute to late journalist Eric Cyprian

Speakers at the function held here paid rich tributes to late Professor Eric Cyprian for his great contribution as a journalist, academician and political worker. The function was arranged by South Asian Free Media Association (Safma) Pakistan in connecti
Published 17 Sep, 2011 12:00am
Pasdec exploring new markets for marble export

Pasdec exploring new markets for marble export

Pakistan Stone Development Company (Pasdec) is endeavoring to develop the country's Marble and Granite sector on modern lines with the help of cutting edge machinery, equipment and technical expertise. This was stated by Chief Executive Officer Pasdec, Ih
Published 17 Sep, 2011 12:00am
Babar Awan calls on Ibad

Babar Awan calls on Ibad

Former Law Minister Dr Babar Awan on Friday called on Sindh Governor Dr Ishratul Ibad Khan at Governor House and discussed prevailing political situation in the country. According to a Governor House statement issued here, both the leaders expressed their
Published 17 Sep, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
Trans-Black Sea pipeline: Russia inks deal with European firms

Trans-Black Sea pipeline: Russia inks deal with European firms

Russia on Friday agreed with three major European energy firms to build a natural gas pipeline across the Black Sea as part of an ongoing Kremlin strategy to diversify export routes westward and bypass Ukraine. Russian Prime Minister Vladimir Putin was at
Published 17 Sep, 2011 12:00am
Trans-Black Sea pipeline: Russia inks deal with European firms

Trans-Black Sea pipeline: Russia inks deal with European firms

Russia on Friday agreed with three major European energy firms to build a natural gas pipeline across the Black Sea as part of an ongoing Kremlin strategy to diversify export routes westward and bypass Ukraine. Russian Prime Minister Vladimir Putin was at
Published 17 Sep, 2011 12:00am
Trans-Black Sea pipeline: Russia inks deal with European firms

Trans-Black Sea pipeline: Russia inks deal with European firms

Russia on Friday agreed with three major European energy firms to build a natural gas pipeline across the Black Sea as part of an ongoing Kremlin strategy to diversify export routes westward and bypass Ukraine. Russian Prime Minister Vladimir Putin was at
Published 17 Sep, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

After crossing the barrier of 88 in the open market on Thursday, it looks that the national currency may touch the same level in the interbank market very soon because already it is trading at 87.95, dealers said on Friday. The rupee continued falling in
Published 17 Sep, 2011 12:00am
Meeting today to discuss sugar production

Meeting today to discuss sugar production

The Ministry of Industries (MoI) has convened a meeting of Sugar Advisory Board (SAB) on Saturday to discuss sugar production projections for 2011-12, and identifying supply issues due to floods in Sindh, sources told Business Recorder on Friday.
Published 17 Sep, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

After crossing the barrier of 88 in the open market on Thursday, it looks that the national currency may touch the same level in the interbank market very soon because already it is trading at 87.95, dealers said on Friday. The rupee continued falling in
Published 17 Sep, 2011 12:00am
Meeting today to discuss sugar production

Meeting today to discuss sugar production

The Ministry of Industries (MoI) has convened a meeting of Sugar Advisory Board (SAB) on Saturday to discuss sugar production projections for 2011-12, and identifying supply issues due to floods in Sindh, sources told Business Recorder on Friday.
Published 17 Sep, 2011 12:00am
Meeting today to discuss sugar production

Meeting today to discuss sugar production

The Ministry of Industries (MoI) has convened a meeting of Sugar Advisory Board (SAB) on Saturday to discuss sugar production projections for 2011-12, and identifying supply issues due to floods in Sindh, sources told Business Recorder on Friday.
Published 17 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 17 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 17 Sep, 2011 12:00am
Palestinians to seek full UN membership: Abbas

Palestinians to seek full UN membership: Abbas

President Mahmoud Abbas said on Friday he would demand full membership of the United Nations for a Palestinian state when he goes to the UN General Assembly next week, setting up a diplomatic clash with Israel and the United States. "We are going to the U
Published 17 Sep, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
Palestinians to seek full UN membership: Abbas

Palestinians to seek full UN membership: Abbas

President Mahmoud Abbas said on Friday he would demand full membership of the United Nations for a Palestinian state when he goes to the UN General Assembly next week, setting up a diplomatic clash with Israel and the United States. "We are going to the U
Published 17 Sep, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on September 13, 2011.

Published 17 Sep, 2011 12:00am
PC extends dates for submission of NPCC EoI-SoQs

PC extends dates for submission of NPCC EoI-SoQs

The Privatisation Commission (PC) on Friday extended the dates for submission of Expression of Interest (EoI) and Statement of Qualifications (SoQs) for National Construction Corporation (NPCC) as little response was received from international investors
Published 17 Sep, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on September 13, 2011.

Published 17 Sep, 2011 12:00am
PC extends dates for submission of NPCC EoI-SoQs

PC extends dates for submission of NPCC EoI-SoQs

The Privatisation Commission (PC) on Friday extended the dates for submission of Expression of Interest (EoI) and Statement of Qualifications (SoQs) for National Construction Corporation (NPCC) as little response was received from international investors
Published 17 Sep, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on September 13, 2011.

Published 17 Sep, 2011 12:00am
PC extends dates for submission of NPCC EoI-SoQs

PC extends dates for submission of NPCC EoI-SoQs

The Privatisation Commission (PC) on Friday extended the dates for submission of Expression of Interest (EoI) and Statement of Qualifications (SoQs) for National Construction Corporation (NPCC) as little response was received from international investors
Published 17 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 17 Sep, 2011 12:00am
France bans street prayers

France bans street prayers

A French ban on praying in the street came into force on Friday, driving thousands of Muslim worshippers in northern Paris into a makeshift prayer site in a disused fire brigade barracks, angering a small but vocal minority.
Published 17 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 17 Sep, 2011 12:00am
France bans street prayers

France bans street prayers

A French ban on praying in the street came into force on Friday, driving thousands of Muslim worshippers in northern Paris into a makeshift prayer site in a disused fire brigade barracks, angering a small but vocal minority.
Published 17 Sep, 2011 12:00am
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