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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-09-23
US MIDDAY: gold sinks

US MIDDAY: gold sinks

US gold futures fell their most in a month on Thursday, raising fresh questions about the metal's validity as a safe haven, with a rallying dollar and recession worries sparking risk aversion across markets. Gold futures in New York tumbled nearly 5 perce
Published 23 Sep, 2011 12:00am
Copper hits one-year low

Copper hits one-year low

Copper crashed below the psychological $8,000 a tonne level on Thursday to hit one-year lows as economic fears escalated after news of manufacturing contraction in top consumer China and Europe combined with a grim outlook for the US economy. Other indust
Published 23 Sep, 2011 12:00am
Oil tumbles over four percent

Oil tumbles over four percent

Oil tumbled more than 4 percent on Thursday after alarmingly weak Chinese industrial data and a bleak economic outlook from the US Federal Reserve triggered the biggest commodity sell-off since May. Brent and US crude futures both dropped below the range
Published 23 Sep, 2011 12:00am
Tokyo, Shanghai rubber fall

Tokyo, Shanghai rubber fall

Tokyo rubber futures tumbled 3.8 percent to the lowest in nearly three months on Thursday, tracking falls in stocks and other commodities after the US Federal Reserve gave a gloomy assessment of the world's biggest economy, dealers said. The benchmark rub
Published 23 Sep, 2011 12:00am
Malaysian palm oil drops

Malaysian palm oil drops

Malaysian palm oil dropped to one-week lows on Thursday after the US Federal Reserve warned of significant risks to the world's largest economy, building on concerns of a recession stalling commodity demand growth. Palm oil prices have been see-sawing in
Published 23 Sep, 2011 12:00am
US corn and wheat dip

US corn and wheat dip

Corn and wheat prices dipped on Wednesday, giving up earlier gains in a late sell-off ahead of the US Federal Reserve's announcement on its latest measures to stimulate the US economy. Soybeans fell to a fresh six-week low on the approach of the US harves
Published 23 Sep, 2011 12:00am
Raw sugar and coffee crumble

Raw sugar and coffee crumble

ICE raw sugar, arabica coffee and cocoa futures were hammered lower on Thursday, tracking the broad declines in crude oil, other commodities and Wall Street stocks as investors fled risk. Weak data from China crystallised investor fears of a global recess
Published 23 Sep, 2011 12:00am
US gold slides

US gold slides

Gold fell 1 percent on Wednesday after the Federal Reserve opted, as widely expected, to tweak monetary policy to stir US growth, disappointing some investors who had hoped for stronger stimulus measures. At 3:35 pm EDT (1935 GMT), spot gold, which tracks
Published 23 Sep, 2011 12:00am
Gold weakens in Asia

Gold weakens in Asia

Spot gold slipped on Thursday under the weight of a rallying dollar, after falling more than 1 percent in the previous session when the US Federal Reserve announced its plan to load up long-term securities and offered a grim economic outlook. Spot gold lo
Published 23 Sep, 2011 12:00am
Gold slides in Europe

Gold slides in Europe

Gold fell by more than 3 percent on Thursday, set for its largest monthly decline since January, after the Federal Reserve's move to boost US growth lifted the dollar, which battered the commodities complex. Adding to the pressure was a key gauge of Chine
Published 23 Sep, 2011 12:00am
US MIDDAY: grains fall

US MIDDAY: grains fall

US grain futures tumbled to their lowest levels in weeks on Thursday in a broad financial markets sell-off, a day after the Federal Reserve warned of significant risks to the US economy. Chicago Board of Trade corn for December delivery dropped 28-1/4 cen
Published 23 Sep, 2011 12:00am
US MIDDAY: copper sinks

US MIDDAY: copper sinks

Copper crashed to below $8,000 a tonne on Thursday for the first time in a year, as the dollar strengthened while weaker Chinese data and a grim US economic outlook dimmed demand prospects. In New York, the key December COMEX contract also broke through p
Published 23 Sep, 2011 12:00am
Relief in rain-hit areas: KESC vows to support Sindh government efforts

Relief in rain-hit areas: KESC vows to support Sindh government efforts

Karachi Electric Supply Company (KESC) has pledged to extend support to the Sindh Government in its relief and rescue work in rain-hit areas of the province. In a statement issued here on Thursday, KESC said that considering the large scale of destruction
Published 23 Sep, 2011 12:00am
Over 1,400 rain victims arrive in Malir, Gadap camps

Over 1,400 rain victims arrive in Malir, Gadap camps

Over 1,400 rain affectees including women and children have arrived here on Thursday at relief camps set up by the Revenue Department in Malir and Gadap towns. The camps, official sources told newsmen, had been set up at Malir Town UC-4 Khokhrapar where 9
Published 23 Sep, 2011 12:00am
Economic revival: speakers for effective bureaucratic, market reforms

Economic revival: speakers for effective bureaucratic, market reforms

Reforms in the bureaucracy, new approach, patriotism and vibrant and competitive markets are necessary to increase growth rate so that the economy could be put on track of development. This was a consensus developed at a stakeholders' dialogue on 'Framewo
Published 23 Sep, 2011 12:00am
Two million fall sick from floods

Two million fall sick from floods

Two million people have fallen ill from diseases since monsoon rains left the southern region under several feet of water, the country's disaster authority said Thursday. More than 350 people have been killed and over eight million people have been affect
Published 23 Sep, 2011 12:00am
Sindh suffers livestock losses worth Rs 1.4 billion

Sindh suffers livestock losses worth Rs 1.4 billion

The people of Sindh have suffered huge losses of livestock worth Rs 1.4 billion due to recent floods, says a report compiled by the Sindh Livestock and Fisheries Department. According to the report, the recent rains from August 12 to September 21, 2011 ha
Published 23 Sep, 2011 12:00am
Flood-hit people: LHC judges donate five-day salary

Flood-hit people: LHC judges donate five-day salary

All the judges of the Lahore High Court including Chief Justice Ijaz Ahmad Chaudhry have donated five days salary to the flood affected people of Sindh. Meanwhile, all the employees of LHC have also announced to give one-day salary to flood victims.
Published 23 Sep, 2011 12:00am
Relief work in Tando Allahyar in full swing

Relief work in Tando Allahyar in full swing

The meeting of District Relief Committee Tando Allahyar was held under the Chairmanship of Provincial Minister for Special Education Syed Ali Nawaz Shah at DCO Office Tando Allahyar. DCO Tando Allahyar Rafique Ahmed Buriro, Former MNA and PPP leader Abdul
Published 23 Sep, 2011 12:00am
Flood survivors: Nawaz urges government to extend all-out help

Flood survivors: Nawaz urges government to extend all-out help

Pakistan Muslim League (PML-N) chief, Nawaz Sharif has urged the federal government to help the flood affectees by using its own resources. Addressing a press conference here, the former Prime Minister said that the government should control corruption, a
Published 23 Sep, 2011 12:00am
Shelter provided to 0.716 million rain-hit people

Shelter provided to 0.716 million rain-hit people

At least 0.716 million rain affected people have been provided shelter in over 3,000 relief camps set up in 23 districts of the province of Sindh. According to the latest data compiled and released on Thursday by the Provincial Disaster Management Authori
Published 23 Sep, 2011 12:00am
President monitors relief, rehabilitation measures in Umar Kot

President monitors relief, rehabilitation measures in Umar Kot

President Asif Ali Zardari personally monitored progress of relief and rehabilitation measures in Umar Kot, Thatta and Tando Allahyar districts of Sindh for the third consecutive day on Thursday, through video conference facility set up in the Bilawal Hou
Published 23 Sep, 2011 12:00am
LHC disposes of petition against PPSC

LHC disposes of petition against PPSC

The Lahore High Court (LHC) here on Thursday disposed of a petition against the Punjab Public Service Commission alleging that the Commission has shut down on-line acceptance of application for the post of lecturers two days prior to the due date.
Published 23 Sep, 2011 12:00am
Stock market tumbles

Stock market tumbles

The KSE-100 index on Thursday lost 161.75 points to close at 11,690.23 points due to profit-taking opted both by local and foreign investors. The offshore participants withdrew $0.26 million from the local equity market. After opening in negative, the mar
Published 23 Sep, 2011 12:00am
BRIndex30 down 96.15 points

BRIndex30 down 96.15 points

BRIndex30 opened at 8,771.29 points. It touched an intraday high of 8,777.27 points and an intraday low of 8,660.25 points and closed at 8,675.14 points, which was -96.15 points or -1.1 percent lower than previous close. Total volume was 60,812,605, which
Published 23 Sep, 2011 12:00am
BRIndex30 down 96.15 points

BRIndex30 down 96.15 points

BRIndex30 opened at 8,771.29 points. It touched an intraday high of 8,777.27 points and an intraday low of 8,660.25 points and closed at 8,675.14 points, which was -96.15 points or -1.1 percent lower than previous close. Total volume was 60,812,605, which
Published 23 Sep, 2011 12:00am
Supreme Court rejects Sindh government report on 2010 floods

Supreme Court rejects Sindh government report on 2010 floods

The Supreme Court on Thursday rejected Sindh government report on devastating floods of 2010 and asked it to submit a fresh report within four days. The court also directed the provincial government to explain the steps that it had taken to address financ
Published 23 Sep, 2011 12:00am
Supreme Court rejects Sindh government report on 2010 floods

Supreme Court rejects Sindh government report on 2010 floods

The Supreme Court on Thursday rejected Sindh government report on devastating floods of 2010 and asked it to submit a fresh report within four days. The court also directed the provincial government to explain the steps that it had taken to address financ
Published 23 Sep, 2011 12:00am
LBOD design main cause behind destruction: NDMA

LBOD design main cause behind destruction: NDMA

Chairman, National Disaster Management Authority (NDMA), Dr Zafar Iqbal Qadir, on Thursday said that faulty construction of Left Bank Outfall Drain (LBOD) was the main reason behind the destruction and huge losses in lower Sindh due to the flood.
Published 23 Sep, 2011 12:00am
LBOD design main cause behind destruction: NDMA

LBOD design main cause behind destruction: NDMA

Chairman, National Disaster Management Authority (NDMA), Dr Zafar Iqbal Qadir, on Thursday said that faulty construction of Left Bank Outfall Drain (LBOD) was the main reason behind the destruction and huge losses in lower Sindh due to the flood.
Published 23 Sep, 2011 12:00am
LBOD design main cause behind destruction: NDMA

LBOD design main cause behind destruction: NDMA

Chairman, National Disaster Management Authority (NDMA), Dr Zafar Iqbal Qadir, on Thursday said that faulty construction of Left Bank Outfall Drain (LBOD) was the main reason behind the destruction and huge losses in lower Sindh due to the flood.
Published 23 Sep, 2011 12:00am
Turkey calls for 'pressure' on Israel to make peace

Turkey calls for 'pressure' on Israel to make peace

Turkey's Prime Minister Recep Tayyip Erdogan called Thursday for international "pressure" on Israel to make peace with the Palestinians. In his speech to the UN General Assembly, Erdogan blamed Israel's Prime Minister Benjamin Netanyahu for the current Mi
Published 23 Sep, 2011 12:00am
Turkey calls for 'pressure' on Israel to make peace

Turkey calls for 'pressure' on Israel to make peace

Turkey's Prime Minister Recep Tayyip Erdogan called Thursday for international "pressure" on Israel to make peace with the Palestinians. In his speech to the UN General Assembly, Erdogan blamed Israel's Prime Minister Benjamin Netanyahu for the current Mi
Published 23 Sep, 2011 12:00am
Prime Minister announces Nishan-e-Pakistan for Rabbani

Prime Minister announces Nishan-e-Pakistan for Rabbani

Prime Minister Syed Yousuf Raza Gilani on Thursday expressed heartfelt condolences with Afghan President Hamid Karzai over the tragic assassination of Professor Burhanuddin Rabbani, Chairman of High Peace Council. The prime minister, who arrived in the Af
Published 23 Sep, 2011 12:00am
Prime Minister announces Nishan-e-Pakistan for Rabbani

Prime Minister announces Nishan-e-Pakistan for Rabbani

Prime Minister Syed Yousuf Raza Gilani on Thursday expressed heartfelt condolences with Afghan President Hamid Karzai over the tragic assassination of Professor Burhanuddin Rabbani, Chairman of High Peace Council. The prime minister, who arrived in the Af
Published 23 Sep, 2011 12:00am
Stocks, commodities dive on recession fears

Stocks, commodities dive on recession fears

World stocks fell to 13-month lows and commodities tumbled on Thursday as weak data from China crystallised investor fears of a global recession one day after a grim economic outlook from the US Federal Reserve. The US dollar climbed to a seven-month high
Published 23 Sep, 2011 12:00am
Stocks, commodities dive on recession fears

Stocks, commodities dive on recession fears

World stocks fell to 13-month lows and commodities tumbled on Thursday as weak data from China crystallised investor fears of a global recession one day after a grim economic outlook from the US Federal Reserve. The US dollar climbed to a seven-month high
Published 23 Sep, 2011 12:00am
Stocks, commodities dive on recession fears

Stocks, commodities dive on recession fears

World stocks fell to 13-month lows and commodities tumbled on Thursday as weak data from China crystallised investor fears of a global recession one day after a grim economic outlook from the US Federal Reserve. The US dollar climbed to a seven-month high
Published 23 Sep, 2011 12:00am
EU, US crises threaten developing world: World Bank

EU, US crises threaten developing world: World Bank

Heads of the World Bank and IMF on Thursday warned that Europe and the US needed to get control of their deteriorating economic crises or risk "suffocating" the global economy. Opening the annual meetings of the two key global lenders, they also warned po
Published 23 Sep, 2011 12:00am
EU, US crises threaten developing world: World Bank

EU, US crises threaten developing world: World Bank

Heads of the World Bank and IMF on Thursday warned that Europe and the US needed to get control of their deteriorating economic crises or risk "suffocating" the global economy. Opening the annual meetings of the two key global lenders, they also warned po
Published 23 Sep, 2011 12:00am
EU, US crises threaten developing world: World Bank

EU, US crises threaten developing world: World Bank

Heads of the World Bank and IMF on Thursday warned that Europe and the US needed to get control of their deteriorating economic crises or risk "suffocating" the global economy. Opening the annual meetings of the two key global lenders, they also warned po
Published 23 Sep, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Sep, 2011 12:00am
World economy enters dangerous phase: IMF

World economy enters dangerous phase: IMF

The head of the International Monetary Fund says the global economy has entered a dangerous phase and that heavy debt burdens could "suffocate" a recovery. Nations must work together to meet the growing risks, IMF Managing Director Christine Lagarde said
Published 23 Sep, 2011 12:00am
World economy enters dangerous phase: IMF

World economy enters dangerous phase: IMF

The head of the International Monetary Fund says the global economy has entered a dangerous phase and that heavy debt burdens could "suffocate" a recovery. Nations must work together to meet the growing risks, IMF Managing Director Christine Lagarde said
Published 23 Sep, 2011 12:00am
World economy enters dangerous phase: IMF

World economy enters dangerous phase: IMF

The head of the International Monetary Fund says the global economy has entered a dangerous phase and that heavy debt burdens could "suffocate" a recovery. Nations must work together to meet the growing risks, IMF Managing Director Christine Lagarde said
Published 23 Sep, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 23 Sep, 2011 12:00am
Arab unrest: perspectives - XXXVI

Arab unrest: perspectives - XXXVI

In his speeches, Moammar Qadhafi sounded more like Saddam Husain than Hosni Mubarak or Zine al-Abidin bin Ali. Both Saddam and Qadhafi were good at using historical narratives with a view to carrying out their full exercise of absolute power over their re
Published 23 Sep, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Sep, 2011 12:00am
Arab unrest: perspectives - XXXVI

Arab unrest: perspectives - XXXVI

In his speeches, Moammar Qadhafi sounded more like Saddam Husain than Hosni Mubarak or Zine al-Abidin bin Ali. Both Saddam and Qadhafi were good at using historical narratives with a view to carrying out their full exercise of absolute power over their re
Published 23 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 23 Sep, 2011 12:00am
Target killer among nine suspects arrested

Target killer among nine suspects arrested

Sindh police on Thursday claimed to have arrested nine suspects including a target killer in different raids at various parts of the metropolis here. According to police, the Crime Investigation Department (CID) had arrested a target killer namely Sikande
Published 23 Sep, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Sep, 2011 12:00am
Three killed in various incidents

Three killed in various incidents

At least three persons were killed in separate acts of violence and mishaps at various parts of the metropolis on Thursday. According to police and rescuers, a man was shot dead at Mansoor Nagar, Orangi Town in the limits of Iqbal Market police station. T
Published 23 Sep, 2011 12:00am
Shahbaz pays surprise visit to hospitals

Shahbaz pays surprise visit to hospitals

Punjab Chief Minister Shahbaz Sharif paid surprise visit to Lahore General Hospital and Government Model Town Hospital here on Thursday. During the visit of Lahore General Hospital, the chief minister inspected the dengue counter and ward of dengue patien
Published 23 Sep, 2011 12:00am
Dengue mosquitoes': 'team working to eliminate breeding places'

Dengue mosquitoes': 'team working to eliminate breeding places'

Secretary Agriculture Punjab, Arif Nadeem has said that a team comprising of 50 entomologists is working at union council level for eliminating the breeding places of dengue mosquitoes in the city. Officers and officials of Solid Waste Management, PHA and
Published 23 Sep, 2011 12:00am
New 'Silk Road' eyed for Afghanistan

New 'Silk Road' eyed for Afghanistan

Afghanistan, its neighbours and supporters are launching a drive to boost prosperity and peace by linking the country with markets across South and Central Asia, US officials said Wednesday. US Secretary of State Hillary Clinton, Afghan Foreign Minister Z
Published 23 Sep, 2011 12:00am
New 'Silk Road' eyed for Afghanistan

New 'Silk Road' eyed for Afghanistan

Afghanistan, its neighbours and supporters are launching a drive to boost prosperity and peace by linking the country with markets across South and Central Asia, US officials said Wednesday. US Secretary of State Hillary Clinton, Afghan Foreign Minister Z
Published 23 Sep, 2011 12:00am
New ''Silk Road'' eyed for Afghanistan

New ''Silk Road'' eyed for Afghanistan

Afghanistan, its neighbours and supporters are launching a drive to boost prosperity and peace by linking the country with markets across South and Central Asia, US officials said Wednesday. US Secretary of State Hillary Clinton, Afghan Foreign Minister Z
Published 23 Sep, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (September 22, 2011).

Published 23 Sep, 2011 12:00am
Al-Azhar appeals for recognition of Palestine

Al-Azhar appeals for recognition of Palestine

Al-Azhar, the top Sunni Muslim authority, on Thursday called on the "free world" to recognise a Palestinian state at the United Nations. "Al-Azhar asks all the countries in the free world to stand alongside Palestine so that it can enjoy stability like an
Published 23 Sep, 2011 12:00am
Al-Azhar appeals for recognition of Palestine

Al-Azhar appeals for recognition of Palestine

Al-Azhar, the top Sunni Muslim authority, on Thursday called on the "free world" to recognise a Palestinian state at the United Nations. "Al-Azhar asks all the countries in the free world to stand alongside Palestine so that it can enjoy stability like an
Published 23 Sep, 2011 12:00am
Agility feels cheated

Agility feels cheated

Kuwait based software supplier Agility may spring a big surprise for the Federal Board of Revenue (FBR) by pulling out Pakistan Automated Customs Computerised System (PaCCS) from Karachi International Container Terminal (KICT) and Pakistan International C
Published 23 Sep, 2011 12:00am
Agility feels cheated

Agility feels cheated

Kuwait based software supplier Agility may spring a big surprise for the Federal Board of Revenue (FBR) by pulling out Pakistan Automated Customs Computerised System (PaCCS) from Karachi International Container Terminal (KICT) and Pakistan International C
Published 23 Sep, 2011 12:00am
Agility feels cheated

Agility feels cheated

Kuwait based software supplier Agility may spring a big surprise for the Federal Board of Revenue (FBR) by pulling out Pakistan Automated Customs Computerised System (PaCCS) from Karachi International Container Terminal (KICT) and Pakistan International C
Published 23 Sep, 2011 12:00am
THE RUPEE: dollar at Rs 89 on open market

THE RUPEE: dollar at Rs 89 on open market

The rupee breached the barrier of 89 on the open market on Thursday in process of forward buying of the US currency, dealers said. The rupee posted fresh gain of 23 paisa in terms of dollar for buying at 87.48 and gained 24 paisa for selling at 87.52, the
Published 23 Sep, 2011 12:00am
First women convicted in France for wearing Islamic face veil

First women convicted in France for wearing Islamic face veil

A French court on Thursday convicted two women for wearing Islamic face veils in public, in the first conviction since a ban on wearing the veils came into effect in April. The court in the town of Meaux, about 40 kilometres east of Paris, fined Hind Ahma
Published 23 Sep, 2011 12:00am
THE RUPEE: dollar at Rs 89 on open market

THE RUPEE: dollar at Rs 89 on open market

The rupee breached the barrier of 89 on the open market on Thursday in process of forward buying of the US currency, dealers said. The rupee posted fresh gain of 23 paisa in terms of dollar for buying at 87.48 and gained 24 paisa for selling at 87.52, the
Published 23 Sep, 2011 12:00am
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