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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-03-06
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold fell in choppy trade on Monday as a reduced target for Chinese economic growth pressured commodities and equities, and the metal's losses could accelerate if it fails to hold key support after last week's sell-off. Bullion fell 1 percent earlier afte
Published 06 Mar, 2012 12:00am
Nishat Power Limited

Nishat Power Limited

Nishat Power Limited (NPL) is a subsidiary of Nishat Mills Ltd which holds 51% shares in NPL and was incorporated in February 2007 for setting up the power plant and it is currently listed on Karachi Stock Exchange (KSE) and Lahore Stock Exchange (LSE).
Published 06 Mar, 2012 12:00am
Nishat Power Limited

Nishat Power Limited

Nishat Power Limited (NPL) is a subsidiary of Nishat Mills Ltd which holds 51% shares in NPL and was incorporated in February 2007 for setting up the power plant and it is currently listed on Karachi Stock Exchange (KSE) and Lahore Stock Exchange (LSE).
Published 06 Mar, 2012 12:00am
New York cotton ends limit up on surprise India export ban

New York cotton ends limit up on surprise India export ban

Cotton futures, which only last year hit a historic peak above $2 a lb, rallied to close limit up on Monday, spurred by India's surprise ban on exports of its cotton. That stoked speculative fervour that Chinese mills may have to turn to thinning US cotto
Published 06 Mar, 2012 12:00am
Shanghai copper slips

Shanghai copper slips

Copper prices fell on Monday after top copper consumer China shaved its economic growth outlook for this year, although hopes of a seasonal pickup in consumption helped limit losses. The most-traded May copper contract on the Shanghai Futures Exchange sli
Published 06 Mar, 2012 12:00am
Copper falls over one percent

Copper falls over one percent

Copper fell more than 1 percent on Monday after top consumer China shaved its economic growth outlook for this year, and as Europe showed signs of edging back towards recession. Three-month copper on the London Metal Exchange closed at $8,505 a tonne, fro
Published 06 Mar, 2012 12:00am
Oil up on Iran fears; growth worry limits gain

Oil up on Iran fears; growth worry limits gain

Oil prices rose on Monday in tug-of-war trading as supply risks and tensions over Iran's nuclear programme provided support, but concerns about economic growth in China and the United States limited gains. The potential for supply disruptions due to Iran'
Published 06 Mar, 2012 12:00am
Tokyo rubber slips

Tokyo rubber slips

Tokyo rubber futures slipped on Monday, tracking falls in share prices, but limited supply and firmer oil prices should lend support, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for August delivery fell 3.5 yen, or 1 percen
Published 06 Mar, 2012 12:00am
Malaysian palm oil eases

Malaysian palm oil eases

Malaysian crude palm oil futures slipped on Monday as traders await a key price outlook meeting in Kuala Lumpur this week at which analysts are expected to paint a bullish picture for the sector. Prices rose more than six percent in February alone, settin
Published 06 Mar, 2012 12:00am
Sugar stumbles, cocoa at three-week low

Sugar stumbles, cocoa at three-week low

Sugar futures fell on Monday, weighed by a large Brazilian cane crop and the prospect of more Indian exports, while cocoa finished at its lowest level in three weeks on technically inspired liquidation. Coffee ended lower, with robusta coffee losses pared
Published 06 Mar, 2012 12:00am
Gold lower in Asia

Gold lower in Asia

Gold edged lower on Monday, pressured by a firmer dollar although it was regaining its footing after last week's biggest weekly loss in more than two months, supported by demand from jewellery makers in Asia that is helping to cushion the fall.
Published 06 Mar, 2012 12:00am
Gold recovers in Europe

Gold recovers in Europe

Gold recovered some lost ground on Monday as the euro swung back into positive territory against the dollar and stock markets pared losses, but investors remained cautious towards the precious metal after last week's hefty price drop. Spot gold was down 0
Published 06 Mar, 2012 12:00am
US MIDDAY: corn hits new top

US MIDDAY: corn hits new top

Corn prices gained ground early on Monday on technical buying and tight supplies while soya and wheat slipped, in choppy trade ahead of a US government crop report later in the week. Weaker equities weighed on all three crops, after China signalled slower
Published 06 Mar, 2012 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

In New York, the key May COMEX contract fell 4.35 cents or 1.1 percent to settle at $3.8595 per lb, near the bottom of its $3.8355 to $3.9325 session range. Volumes stood near 46,500 lots in late New York business, down by more than a third from the 30-da
Published 06 Mar, 2012 12:00am
Volunteerism flourishes in disaster-hit areas of Japan

Volunteerism flourishes in disaster-hit areas of Japan

On a chilly Saturday morning, Hirokazu Murano and other postal workers scooped up debris and mud from a 120-year-old house in the isolated coastal area in north-eastern Japan that was flattened by a tsunami one year ago. Murano and 70 others came to the c
Published 06 Mar, 2012 12:00am
Each Ambassador urged to serve as a bridge between two countries

Each Ambassador urged to serve as a bridge between two countries

Prime Minister, Syed Yousuf Raza Gilani, on Monday urged the ambassadors to serve as a bridge between the government of Pakistan and the government of the host country for the mutual benefit of the people of two countries.
Published 06 Mar, 2012 12:00am
Hafiz Saeed's petition: LHC seeks report from government

Hafiz Saeed's petition: LHC seeks report from government

The Lahore High Court here on Monday called for report from the federal government in a petition filed by Jamaatud Daawa Chief Hafiz Muhammad Saeed praying to the court to direct the respondent government to defend him before the US Court. Earlier, petiti
Published 06 Mar, 2012 12:00am
'No global law authorises US to threaten Pakistan'

'No global law authorises US to threaten Pakistan'

As a sovereign state, Pakistan has the legitimate right to establish amicable relations with its neighbouring countries without any external pressure. No international law authorises the United Sates to threaten Pakistan of the consequences of implementat
Published 06 Mar, 2012 12:00am
Commission concerned at increase in number of missing persons cases

Commission concerned at increase in number of missing persons cases

The Comm-ission of Inquiry on Enforced Disappearances expressed their concern over the increasing number of missing persons from January 2011-February 2012, which reached 333. The commission has observed that on January 1, 2011 around 138 cases of missing
Published 06 Mar, 2012 12:00am
Muslim Ummah urged to follow Holy Quran's teachings

Muslim Ummah urged to follow Holy Quran's teachings

Provincial Minister for Auqaf and Religious Affairs Haji Ehsanuddin Qureshi has said that solution to all problems being faced by Muslim Ummah lies in following the teachings of the Holy Quran. He said, "We can solve our socio-economic and political probl
Published 06 Mar, 2012 12:00am
Dengue control: CDA conducts survey across city

Dengue control: CDA conducts survey across city

Aimed at averting the onslaught of dengue mosquito in the city, the Capital Development Authority (CDA) has conducted a survey across the city, mapped areas which had shown dengue positive individuals in previous years, formulated a plan and began pre-emp
Published 06 Mar, 2012 12:00am
'Divided': ECP to hear Waheeda Shah case today

'Divided': ECP to hear Waheeda Shah case today

The 'divided' Election Commission of Pakistan (ECP) has summoned Waheeda Shah, a Pakistan People's Party (PPP) candidate, to appear before the commission on Tuesday over the charges of riggings and slapping of its lady polling officers on the eve of bye-p
Published 06 Mar, 2012 12:00am
UVAS begins DVM internship programme

UVAS begins DVM internship programme

University of Veterinary and Animal Sciences (UVAS), Vice Chancellor Professor Dr Talat Naseer Pasha has said that the new system of internship programme will bring a healthy change between academia and industry's interaction. He was addressing inaugural
Published 06 Mar, 2012 12:00am
Textile industry facing acute power shortage

Textile industry facing acute power shortage

Textile industry has entered the month of March with a dismal hope for sustained energy supply for 24/7 production spell. The industry circles told Business Recorder that power supply to industry is facing acute shortage with daily two hours loadsh
Published 06 Mar, 2012 12:00am
551 CNG stations in Punjab: no decision yet over gas supply suspension

551 CNG stations in Punjab: no decision yet over gas supply suspension

The Ministry of Petroleum and All Pakistan CNG Association (APCNGA) on Monday failed to reach at a decision on suspension of gas supply to 551 CNG stations across Punjab. A high level delegation of APCNGA led by Ghayas Abdullah Paracha met Secretary Petro
Published 06 Mar, 2012 12:00am
PU security guard laid to rest

PU security guard laid to rest

The Punjab University (PU) security guard Imran Rehmat, who was died after alleged torture of Muslim Town Investigation Police, was laid to rest here on Monday at Wafaqi Colony graveyard. Earlier the heirs of the deceased guard staged a protest and denied
Published 06 Mar, 2012 12:00am
Baloch insurgency

Baloch insurgency

On August 12, 2009 Khan of Kalat Mir Sulaiman Dawood declared himself ruler of Balochistan and formally made announcement of a Council for Independent Balochistan which also includes Brahmdagh Bugti. The Council's declared objective is to liberate Bloch a
Published 06 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Mar, 2012 12:00am
Banks'' deposits at ECB top another record

Banks'' deposits at ECB top another record

Banks'' deposits with the European Central Bank have hit yet another new record, data showed Monday, just days after the ECB pumped more than half a trillion euros into banks to unclog seized credit markets. Banks put 820.8 billion euros ($1.08 trillion)
Published 06 Mar, 2012 12:00am
Swiss lawmakers vote to accept US tax plan

Swiss lawmakers vote to accept US tax plan

Swiss lawmakers have passed a tax proposal seen as key to settling a US probe into Swiss banks with hidden offshore accounts. The proposal, which clarifies how Switzerland would hand over data on Americans suspected of dodging taxes at home, seeks to back
Published 06 Mar, 2012 12:00am
Swiss lawmakers vote to accept US tax plan

Swiss lawmakers vote to accept US tax plan

Swiss lawmakers have passed a tax proposal seen as key to settling a US probe into Swiss banks with hidden offshore accounts. The proposal, which clarifies how Switzerland would hand over data on Americans suspected of dodging taxes at home, seeks to back
Published 06 Mar, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 06 Mar, 2012 12:00am
Swiss lawmakers vote to accept US tax plan

Swiss lawmakers vote to accept US tax plan

Swiss lawmakers have passed a tax proposal seen as key to settling a US probe into Swiss banks with hidden offshore accounts. The proposal, which clarifies how Switzerland would hand over data on Americans suspected of dodging taxes at home, seeks to back
Published 06 Mar, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Mar, 2012 12:00am
Hatf-II ballistic missile test fired successfully

Hatf-II ballistic missile test fired successfully

Pakistan on Monday successfully test fired the short range surface-to-surface ballistic missile Hatf-II (Abdali), as part of the process of validation of land based ballistic missile systems. Hatf-II (Abdali) with a range of 180 km carries nuclear as well
Published 06 Mar, 2012 12:00am
Board meetings in progress

Board meetings in progress

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

Published 06 Mar, 2012 12:00am
Hatf-II ballistic missile test fired successfully

Hatf-II ballistic missile test fired successfully

Pakistan on Monday successfully test fired the short range surface-to-surface ballistic missile Hatf-II (Abdali), as part of the process of validation of land based ballistic missile systems. Hatf-II (Abdali) with a range of 180 km carries nuclear as well
Published 06 Mar, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Mar, 2012 12:00am
Iran parliament raps Ahmadinejad over oil cash

Iran parliament raps Ahmadinejad over oil cash

Iranian lawnmakers accused Mahmoud Ahmadinejad's government on Monday of failing to deposit billions of petrodollars with the Treasury, indicating the president was set for a rough ride from a newly elected parliament dominated by rival hard-liners. One d
Published 06 Mar, 2012 12:00am
Iran parliament raps Ahmadinejad over oil cash

Iran parliament raps Ahmadinejad over oil cash

Iranian lawnmakers accused Mahmoud Ahmadinejad's government on Monday of failing to deposit billions of petrodollars with the Treasury, indicating the president was set for a rough ride from a newly elected parliament dominated by rival hard-liners. One d
Published 06 Mar, 2012 12:00am
Iran parliament raps Ahmadinejad over oil cash

Iran parliament raps Ahmadinejad over oil cash

Iranian lawnmakers accused Mahmoud Ahmadinejad''s government on Monday of failing to deposit billions of petrodollars with the Treasury, indicating the president was set for a rough ride from a newly elected parliament dominated by rival hard-liners. One
Published 06 Mar, 2012 12:00am
Russia refused China request for extra oil

Russia refused China request for extra oil

Russia, the world's top crude producer, rejected a Chinese request for more Siberian pipeline oil, saying the link is already pumping at full capacity and additional volumes are not available, two Russian state industry sources told Reuters.
Published 06 Mar, 2012 12:00am
Russia refused China request for extra oil

Russia refused China request for extra oil

Russia, the world's top crude producer, rejected a Chinese request for more Siberian pipeline oil, saying the link is already pumping at full capacity and additional volumes are not available, two Russian state industry sources told Reuters.
Published 06 Mar, 2012 12:00am
Russia refused China request for extra oil

Russia refused China request for extra oil

Russia, the world''s top crude producer, rejected a Chinese request for more Siberian pipeline oil, saying the link is already pumping at full capacity and additional volumes are not available, two Russian state industry sources told Reuters.
Published 06 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Obama offers Israel 'assurances' over Iran

Obama offers Israel 'assurances' over Iran

President Barack Obama, aiming to head off any premature Israeli strike on Iran, sought to assure Prime Minister Benjamin Netanyahu on Monday that the United States would always "have Israel's back" but said there was still time for diplomacy. Netanyahu,
Published 06 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Obama offers Israel 'assurances' over Iran

Obama offers Israel 'assurances' over Iran

President Barack Obama, aiming to head off any premature Israeli strike on Iran, sought to assure Prime Minister Benjamin Netanyahu on Monday that the United States would always "have Israel's back" but said there was still time for diplomacy. Netanyahu,
Published 06 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
ISE index gains 42.90 points

ISE index gains 42.90 points

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 42.90 points as the ISE Ten Index moved from 2,865.07
Published 06 Mar, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Bullish sentiment seen on the money market on Monday as the rupee managed to rise modestly versus dollar and euro, dealers said. The rupee posted fresh gain of 10 paisa in relation to dollar for buying at 90.88 and rose by 11 paisa for selling at 90.90, d
Published 06 Mar, 2012 12:00am
ISE index gains 42.90 points

ISE index gains 42.90 points

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 42.90 points as the ISE Ten Index moved from 2,865.07
Published 06 Mar, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Bullish sentiment seen on the money market on Monday as the rupee managed to rise modestly versus dollar and euro, dealers said. The rupee posted fresh gain of 10 paisa in relation to dollar for buying at 90.88 and rose by 11 paisa for selling at 90.90, d
Published 06 Mar, 2012 12:00am
Senate elections: ECP rejects PML-N objections

Senate elections: ECP rejects PML-N objections

Rejecting Pakistan Muslim League-Nawaz (PML-N's) complaints, Election Commission of Pakistan (ECP) on Monday upheld the results of the seven general seats in Senate from Balochistan. The ECP, following recount a vote, overruled the objection of PML-N on t
Published 06 Mar, 2012 12:00am
Senate elections: ECP rejects PML-N objections

Senate elections: ECP rejects PML-N objections

Rejecting Pakistan Muslim League-Nawaz (PML-N's) complaints, Election Commission of Pakistan (ECP) on Monday upheld the results of the seven general seats in Senate from Balochistan. The ECP, following recount a vote, overruled the objection of PML-N on t
Published 06 Mar, 2012 12:00am
BHC stays release of funds to Abdul Qadir Gilani

BHC stays release of funds to Abdul Qadir Gilani

Balochistan High Court (BHC) while issuing notice to Chief Secretary of the province here on Monday directed concerned authorities not to release development funds to Abdul Qadir Gilani MPA. The court also directed Chief Secretary to produce details regar
Published 06 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
BHC stays release of funds to Abdul Qadir Gilani

BHC stays release of funds to Abdul Qadir Gilani

Balochistan High Court (BHC) while issuing notice to Chief Secretary of the province here on Monday directed concerned authorities not to release development funds to Abdul Qadir Gilani MPA. The court also directed Chief Secretary to produce details regar
Published 06 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
India, US start joint military exercises

India, US start joint military exercises

India and United States on Monday have started their two-week long joint military exercise in the desert of Indian state of Rajasthan with their troops set to engage each other in a series of anti-terrorist and urban warfare drills. "The US Army is being
Published 06 Mar, 2012 12:00am
India, US start joint military exercises

India, US start joint military exercises

India and United States on Monday have started their two-week long joint military exercise in the desert of Indian state of Rajasthan with their troops set to engage each other in a series of anti-terrorist and urban warfare drills. "The US Army is being
Published 06 Mar, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 24th February, 2012.

Published 06 Mar, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 24th February, 2012.

Published 06 Mar, 2012 12:00am
EU concession: textile stakeholders to discuss TRQs administration

EU concession: textile stakeholders to discuss TRQs administration

The Ministry of Textile Industry has called a meeting of all the stakeholders to discuss Tariff Rate Quota's (TRQs) administration under European Union concession, informed sources revealed here on Monday. Talking to Business Recorder, officials said that
Published 06 Mar, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
EU concession: textile stakeholders to discuss TRQs administration

EU concession: textile stakeholders to discuss TRQs administration

The Ministry of Textile Industry has called a meeting of all the stakeholders to discuss Tariff Rate Quota's (TRQs) administration under European Union concession, informed sources revealed here on Monday. Talking to Business Recorder, officials said that
Published 06 Mar, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
EU concession: textile stakeholders to discuss TRQs administration

EU concession: textile stakeholders to discuss TRQs administration

The Ministry of Textile Industry has called a meeting of all the stakeholders to discuss Tariff Rate Quota''s (TRQs) administration under European Union concession, informed sources revealed here on Monday. Talking to Business Recorder, officials said tha
Published 06 Mar, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Bosnian pilgrim walking to Makkah reaches Turkey

Bosnian pilgrim walking to Makkah reaches Turkey

Bosnian Muslim Senad Hadzic, who left home in December to walk to Makkah for the Hajj, on Monday told AFP he had reached the Bosphorus in Turkey. "Until now, I have been on the road for about sixty days, doing between 20 and 60 kilometers per day," Hadzic
Published 06 Mar, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Bosnian pilgrim walking to Makkah reaches Turkey

Bosnian pilgrim walking to Makkah reaches Turkey

Bosnian Muslim Senad Hadzic, who left home in December to walk to Makkah for the Hajj, on Monday told AFP he had reached the Bosphorus in Turkey. "Until now, I have been on the road for about sixty days, doing between 20 and 60 kilometers per day," Hadzic
Published 06 Mar, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Disasters cost $380 billion in 2011: UN

Disasters cost $380 billion in 2011: UN

Disasters led by the Japan earthquake cost the world a record figure of more than $380 billion last year, a UN official said Monday. While countries are managing to control the disaster death toll, economic costs are increasing more than ever before, said
Published 06 Mar, 2012 12:00am
Disasters cost $380 billion in 2011: UN

Disasters cost $380 billion in 2011: UN

Disasters led by the Japan earthquake cost the world a record figure of more than $380 billion last year, a UN official said Monday. While countries are managing to control the disaster death toll, economic costs are increasing more than ever before, said
Published 06 Mar, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Yahoo preparing layoffs, could affect thousands

Yahoo preparing layoffs, could affect thousands

Yahoo Inc's new chief executive is preparing a significant restructuring of the Internet company, including layoffs that could cut thousands of employees from its payroll, according to a technology blog. The moves could be announced as soon as the end of
Published 06 Mar, 2012 12:00am
Yahoo preparing layoffs, could affect thousands

Yahoo preparing layoffs, could affect thousands

Yahoo Inc's new chief executive is preparing a significant restructuring of the Internet company, including layoffs that could cut thousands of employees from its payroll, according to a technology blog. The moves could be announced as soon as the end of
Published 06 Mar, 2012 12:00am
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