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Apr 28, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-09-30
US MIDDAY: copper falls

US MIDDAY: copper falls

Copper lower on Thursday, setting the stage for its worst quarterly performance since fourth-quarter 2008 as macroeconomic pressures continued to dog sentiment and paint an overall bearish picture for demand this year. In New York, the key December COMEX
Published 30 Sep, 2011 12:00am
US MIDDAY: grains bounce

US MIDDAY: grains bounce

US wheat futures were higher in midday trading on Thursday on a short-covering bounce as European financial markets steadied amid relief over the region's debt crisis. Wheat prices were led higher by Minneapolis spring wheat futures, which surged 5 percen
Published 30 Sep, 2011 12:00am
Gold rises in Europe

Gold rises in Europe

Gold prices rose on Thursday in choppy trade, with strong physical demand and gains in the euro lending support, but investors remained cautious towards the precious metal after this month's intense volatility. Spot gold was up 0.7 percent at $1,619.19 an
Published 30 Sep, 2011 12:00am
Gold springs back in Asia

Gold springs back in Asia

Gold jumped 1 percent on Thursday as jewellers rushed to buy after prices dropped early in the session, but declines in other markets could cap gains as uncertainty about a resolution of Europe's debt crisis stoked fears for global growth.
Published 30 Sep, 2011 12:00am
US gold dips three percent

US gold dips three percent

Gold fell 3 percent on Wednesday as the dollar rallied amid mounting worries about the global economy and Europe's worsening debt crisis, while this week's brutal correction also kept jittery investors at bay. Silver dived 7 percent on sharply weaker comm
Published 30 Sep, 2011 12:00am
Raw sugar rallies

Raw sugar rallies

Raw sugar futures soared more than 7 percent on Thursday on combined consumer and chart inspired buying as the softs complex seemed to set aside for now gnawing worries about Europe's debt crisis. The arabica coffee market sagged while cocoa futures firme
Published 30 Sep, 2011 12:00am
Malaysian palm oil touches one-year low

Malaysian palm oil touches one-year low

Malaysian palm oil futures fell on Thursday, touching their lowest in almost a year as uncertainty lingered over the global economy and the ability of eurozone leaders to prevent another financial crisis. Growing stocks in top palm oil producers Indonesia
Published 30 Sep, 2011 12:00am
US grains tumble

US grains tumble

US wheat, corn and soyabeans plunged over 3 percent on Wednesday as investors abandoned commodities due to concerns over Europe's debt crisis. Soyabeans fell the most in more than six months on further selling from harvest in the United States. Corn and s
Published 30 Sep, 2011 12:00am
Tokyo, Shanghai rubber plunge

Tokyo, Shanghai rubber plunge

Key Tokyo rubber futures tumbled as much as 6.6 percent on Thursday but recovered to the key support level of 300 yen, settling down 2.7 percent, with market sentiment staying weak on growing worries over the global economy. The key Tokyo Commodity Exchan
Published 30 Sep, 2011 12:00am
Brent, US crude soar

Brent, US crude soar

Oil rose on Thursday, following an initial rebound in broader markets after Germany's lower house approved new powers for the eurozone's crisis fund and US economic data beat expectations. Germany's support for a beefed-up bailout fund for Europe's troubl
Published 30 Sep, 2011 12:00am
Copper cuts losses

Copper cuts losses

Copper cut losses as market sentiment improved after data from the US eased recession worries and after the German parliament approved a beefed-up rescue fund for the eurozone. Benchmark copper on the London Metal Exchange closed at $7,230 a tonne, only s
Published 30 Sep, 2011 12:00am
Shanghai copper slips

Shanghai copper slips

Shanghai copper will fall further, to 50,740 yuan per tonne, as a medium-term downtrend is intact. The contract has just slipped below a consolidation range of 53,320 to 55,900 yuan, based on which a target is projected at 50,740 yuan. A range formation i
Published 30 Sep, 2011 12:00am
US copper plunges

US copper plunges

Copper collapsed to its lowest close in 14 months on Wednesday as trepidation ahead of a German vote to beef up the eurozone's rescue fund ignited another severe sell-off in commodities. In New York, the key December COMEX contract plunged 19.30 cents, or
Published 30 Sep, 2011 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures settled higher on Thursday on investor short-covering and possible consumer buying as the market finally raced past a four-day trading band and could move up on follow-through purchases next week. The key December cotton contract on ICE Fut
Published 30 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 30 Sep, 2011 12:00am
BRIndex30 down 8.59 points

BRIndex30 down 8.59 points

On Thursday, BRIndex30 opened at 8,708.47. It touched an intraday high of 8,773.07 and an intraday low of 8,669.96 and closed at 8,699.88 which was -8.59 points or -0.1 percent lower than previous close. Total volume was 62,479,937, which was 77.56 percen
Published 30 Sep, 2011 12:00am
BRIndex30 down 8.59 points

BRIndex30 down 8.59 points

On Thursday, BRIndex30 opened at 8,708.47. It touched an intraday high of 8,773.07 and an intraday low of 8,669.96 and closed at 8,699.88 which was -8.59 points or -0.1 percent lower than previous close. Total volume was 62,479,937, which was 77.56 percen
Published 30 Sep, 2011 12:00am
SBP may cut policy rate by 50 basis points

SBP may cut policy rate by 50 basis points

After witnessing a lower than estimated inflation measured by re-based CPI at 11.56 percent in August 2011, the numbers for September will bring some positive news and the State Bank is likely to cut its policy rate by 50 basis points in the upcoming poli
Published 30 Sep, 2011 12:00am
SBP may cut policy rate by 50 basis points

SBP may cut policy rate by 50 basis points

After witnessing a lower than estimated inflation measured by re-based CPI at 11.56 percent in August 2011, the numbers for September will bring some positive news and the State Bank is likely to cut its policy rate by 50 basis points in the upcoming poli
Published 30 Sep, 2011 12:00am
SBP may cut policy rate by 50 basis points

SBP may cut policy rate by 50 basis points

After witnessing a lower than estimated inflation measured by re-based CPI at 11.56 percent in August 2011, the numbers for September will bring some positive news and the State Bank is likely to cut its policy rate by 50 basis points in the upcoming poli
Published 30 Sep, 2011 12:00am
Clinton urges Pakistan to end militant safe havens

Clinton urges Pakistan to end militant safe havens

US Secretary of State Hillary Clinton on Thursday renewed calls on Pakistan to eliminate safe havens that militants use to launch attacks into Afghanistan, while calling for better US-Pakistani ties. "We're certainly making clear that we want to see an en
Published 30 Sep, 2011 12:00am
Clinton urges Pakistan to end militant safe havens

Clinton urges Pakistan to end militant safe havens

US Secretary of State Hillary Clinton on Thursday renewed calls on Pakistan to eliminate safe havens that militants use to launch attacks into Afghanistan, while calling for better US-Pakistani ties. "We're certainly making clear that we want to see an en
Published 30 Sep, 2011 12:00am
ECP extends electoral rolls' verification drive for one month

ECP extends electoral rolls' verification drive for one month

The Election Commission of Pakistan (ECP) on Thursday extended the on-going countrywide campaign for verification of Electoral Rolls-2011 for one month duration. Keeping in view the requests made by legislators of Sindh and Khyber Pakhtunkhwa assemblies,
Published 30 Sep, 2011 12:00am
ECP extends electoral rolls' verification drive for one month

ECP extends electoral rolls' verification drive for one month

The Election Commission of Pakistan (ECP) on Thursday extended the on-going countrywide campaign for verification of Electoral Rolls-2011 for one month duration. Keeping in view the requests made by legislators of Sindh and Khyber Pakhtunkhwa assemblies,
Published 30 Sep, 2011 12:00am
Pakistan's foreign exchange reserves fall to $17.38 billion

Pakistan's foreign exchange reserves fall to $17.38 billion

Foreign exchange reserves fell to $17.38 billion in the week ending September 24 from $17.64 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) declined to $13.74 billion from $14.12 billion, wh
Published 30 Sep, 2011 12:00am
Pakistan's foreign exchange reserves fall to $17.38 billion

Pakistan's foreign exchange reserves fall to $17.38 billion

Foreign exchange reserves fell to $17.38 billion in the week ending September 24 from $17.64 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) declined to $13.74 billion from $14.12 billion, wh
Published 30 Sep, 2011 12:00am
Pakistan''s foreign exchange reserves fall to $17.38 billion

Pakistan''s foreign exchange reserves fall to $17.38 billion

Foreign exchange reserves fell to $17.38 billion in the week ending September 24 from $17.64 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) declined to $13.74 billion from $14.12 billion, wh
Published 30 Sep, 2011 12:00am
Dengue fever claims MPA, three others lives

Dengue fever claims MPA, three others lives

Four more people including Pakistan Muslim League-Nawaz (PML-N) MPA Mumtaz Ahmed Jajja died due to dengue fever here on Thursday. Mumtaz Ahmed Jajja who was MPA from Bahawalpur was under treatment here at the intensive care unit of Jinnah Hospital for the
Published 30 Sep, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Sep, 2011 12:00am
Dengue fever claims MPA, three others lives

Dengue fever claims MPA, three others lives

Four more people including Pakistan Muslim League-Nawaz (PML-N) MPA Mumtaz Ahmed Jajja died due to dengue fever here on Thursday. Mumtaz Ahmed Jajja who was MPA from Bahawalpur was under treatment here at the intensive care unit of Jinnah Hospital for the
Published 30 Sep, 2011 12:00am
ADB links lending to macroeconomic stability

ADB links lending to macroeconomic stability

Asian Development Bank (ADB) has warned that there would be no further lending programme to Pakistan unless it brings macroeconomic stability through implementation of reforms or gets a Letter of Comfort (LoC) from the International Monetary Fund (IMF) to
Published 30 Sep, 2011 12:00am
ADB links lending to macroeconomic stability

ADB links lending to macroeconomic stability

Asian Development Bank (ADB) has warned that there would be no further lending programme to Pakistan unless it brings macroeconomic stability through implementation of reforms or gets a Letter of Comfort (LoC) from the International Monetary Fund (IMF) to
Published 30 Sep, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 30 Sep, 2011 12:00am
ADB links lending to macroeconomic stability

ADB links lending to macroeconomic stability

Asian Development Bank (ADB) has warned that there would be no further lending programme to Pakistan unless it brings macroeconomic stability through implementation of reforms or gets a Letter of Comfort (LoC) from the International Monetary Fund (IMF) to
Published 30 Sep, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 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 30 Sep, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Sep, 2011 12:00am
US House passes bill to avert government shutdown

US House passes bill to avert government shutdown

The US House of Representatives on Thursday approved a stopgap spending bill to avert a looming government shutdown and keep key agencies open to October 4, sending it to President Barack Obama. The Senate had passed the legislation, known as a "continuin
Published 30 Sep, 2011 12:00am
US House passes bill to avert government shutdown

US House passes bill to avert government shutdown

The US House of Representatives on Thursday approved a stopgap spending bill to avert a looming government shutdown and keep key agencies open to October 4, sending it to President Barack Obama. The Senate had passed the legislation, known as a "continuin
Published 30 Sep, 2011 12:00am
US House passes bill to avert government shutdown

US House passes bill to avert government shutdown

The US House of Representatives on Thursday approved a stopgap spending bill to avert a looming government shutdown and keep key agencies open to October 4, sending it to President Barack Obama. The Senate had passed the legislation, known as a "continuin
Published 30 Sep, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Flood donation

Flood donation

Chief Justice Agha Rafiq Ahmed Khan and other Judges of the Federal Shariat Court have donated their five days salary to the Prime Minster's flood relief fund for the flood victims of Sindh. Keeping in view this situation, Chief Justice and Judges of the
Published 30 Sep, 2011 12:00am
Punjab farmers begin marketing of fish products

Punjab farmers begin marketing of fish products

Fish farmers of Punjab have started marketing of their produce in the cities and towns as the weather has become moderate in the plains of the province. People usually do not eat fish in the hot months of May, June, July and August. President Lahore Fish
Published 30 Sep, 2011 12:00am
Pakistan's IMF rebuff to be short-lived

Pakistan's IMF rebuff to be short-lived

While Pakistan appears to be ending its program with the International Monetary Fund, there's a real possibility Islamabad will have to later go back and ask for new loans, and it may not then have the critical backing of the United States. The ruling Pak
Published 30 Sep, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Mixed patterns were seen on the currency market on Thursday as the rupee resisted sharp losses versus dollar and euro, dealers said. The rupee retained its level against dollar for buying at 87.41 while it shed four paisa for selling at 87.46, they said.
Published 30 Sep, 2011 12:00am
New managing director SNGPL felicitated

New managing director SNGPL felicitated

The Management, Executives and Staff of Sui Northern Gas Pipelines Limited (SNGPL) congratulate Arif Hameed on becoming the 21st Managing Director of SNGPL and appreciate the approval by his Excellency, the Prime Minister Yousuf Raza Gilani on the recomme
Published 30 Sep, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Mixed patterns were seen on the currency market on Thursday as the rupee resisted sharp losses versus dollar and euro, dealers said. The rupee retained its level against dollar for buying at 87.41 while it shed four paisa for selling at 87.46, they said.
Published 30 Sep, 2011 12:00am
Free eye camp begins tomorrow

Free eye camp begins tomorrow

The 71st bi-annual free eye camp in Darul Hikmat Darul Shafa Hospital at Darul Ehsan Samundri Road would be started from 1st October 2011 and it would remain operational till 31st October. The target has been fixed to carry out operations of more than 110
Published 30 Sep, 2011 12:00am
World Heart Day observed

World Heart Day observed

Professor Mohammad Azhar of Punjab Institute of Cardiology (PIC) stressed the need for raising awareness about heart diseases in Pakistan, here on Thursday. He was addressing a seminar organised by PIC to mark the 'World Heart Day.' Professor Azhar said t
Published 30 Sep, 2011 12:00am
EU waiver package: PRGMEA welcomes Indian support

EU waiver package: PRGMEA welcomes Indian support

Chairman Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) Ijaz A Khokhar has welcomed Indian support for Pakistan's EU waiver package in WTO and assured that it would not hurt Indian interests in the EU market. The EU has offered
Published 30 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Dengue fever infects over 12,000 in Pakistan

Dengue fever infects over 12,000 in Pakistan

Already cursed by floods and suicide bombings, Pakistan now faces a new menace from an unprecedented outbreak of the deadly tropical disease dengue fever. In less than a month, 126 people have died and more than 12,000 have been diagnosed with the virus,
Published 30 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 Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
GCU recommends biological control of dengue

GCU recommends biological control of dengue

The Government College University (GCU) Lahore Zoology Department has recommended biological control of dengue, saying that fumigation and sprays can be used as emergency measures but they are not the permanent solutions. "Mosquitoes after sometime develo
Published 30 Sep, 2011 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Occasion provides good opportunity to leaders

Occasion provides good opportunity to leaders

Prime Minister Gilani was flanked by Pakistan Muslim League-Nawaz (PML-N) president Nawaz Sharif and Pakistan Muslim League-Q (PML-Q) president Chaudhry Shujaat Hussain at the start of the APC proceedings.
Published 30 Sep, 2011 12:00am
'Government should increase education budget by 12 percent every year'

'Government should increase education budget by 12 percent every year'

The government should increase 12 percent education budget every year to meet the growing challenges in the sector. The government should ensure free and compulsory education to children from age 5 to 16 as per stipulated law. These views expressed during
Published 30 Sep, 2011 12:00am
Public participation in financial matters

Public participation in financial matters

In Pakistan it is very disturbing to learn about the imprudence of those in power (both civil and military) in disbursing money from the public exchequer. Rules have been properly laid down for allocation of funds, their subsequent use and ultimately audi
Published 30 Sep, 2011 12:00am
Ruined Libya town shows danger of post-war vendetta

Ruined Libya town shows danger of post-war vendetta

Cast out of his home and with nowhere left to flee, Aboulharef al-Tawarghy laughs when he thinks of the Libyan fighters who toppled Muammar Qadhafi calling for freedom and justice. "Their words are just ink on paper. I haven't seen any action," the 29-yea
Published 30 Sep, 2011 12:00am
National Stadium

National Stadium

Recently I along with my friends went to the National Stadium, Karachi to watch the ongoing T20 cricket tournament. After reaching the stadium I was disappointed to see that there was no proper arrangement for vehicle parking and there was no person to gu
Published 30 Sep, 2011 12:00am
Elimination of dengue virus: expert evolving long-term strategy

Elimination of dengue virus: expert evolving long-term strategy

Secretary Agriculture Punjab Arif Nadeem has said that the BHUs and dispensaries in Lahore are working as filter clinic for dengue patients and all necessary medical equipment have been provided to these dispensaries where the patients of common fever are
Published 30 Sep, 2011 12:00am
SNGPL announces 10 percent cash dividend and 5 percent bonus shares

SNGPL announces 10 percent cash dividend and 5 percent bonus shares

Sui Northern Gas Pipelines Limited (SNGPL) earned gross profit of Rs 3,600 million and profit after tax of Rs 1,125 million for the financial year ended June 30, 2011. The earnings per share of the company for the period under review was Rs 2.05/-.
Published 30 Sep, 2011 12:00am
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