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Print - 2012-03-13
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Leading economies, eurozone rally, China slows: OECD

Leading economies, eurozone rally, China slows: OECD

Tentative signs of economic upturn are appearing in the eurozone but business activity is showing signs of flagging in China and Brazil, the OECD said on Monday. The Organisation for Economic Cooperation and Development said that the United States and Jap
Published 13 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Leading economies, eurozone rally, China slows: OECD

Leading economies, eurozone rally, China slows: OECD

Tentative signs of economic upturn are appearing in the eurozone but business activity is showing signs of flagging in China and Brazil, the OECD said on Monday. The Organisation for Economic Cooperation and Development said that the United States and Jap
Published 13 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Eurozone ministers grill Spain over deficit path

Eurozone ministers grill Spain over deficit path

Eurozone finance ministers grilled Spain on Monday over its budget deficit, which is set to break stricter new EU rules this year, stressing that Madrid must get back on target in 2013. Greece, the bloc''s original problem debtor, swapped its privately he
Published 13 Mar, 2012 12:00am
Eurozone ministers grill Spain over deficit path

Eurozone ministers grill Spain over deficit path

Eurozone finance ministers grilled Spain on Monday over its budget deficit, which is set to break stricter new EU rules this year, stressing that Madrid must get back on target in 2013. Greece, the bloc's original problem debtor, swapped its privately hel
Published 13 Mar, 2012 12:00am
Eurozone ministers grill Spain over deficit path

Eurozone ministers grill Spain over deficit path

Eurozone finance ministers grilled Spain on Monday over its budget deficit, which is set to break stricter new EU rules this year, stressing that Madrid must get back on target in 2013. Greece, the bloc's original problem debtor, swapped its privately hel
Published 13 Mar, 2012 12:00am
Trade deficit surges $14.599 billion in seven months

Trade deficit surges $14.599 billion in seven months

Pakistan''s trade deficit for the first seven months surged by $14.599 billion, up by 41.23 percent over $10.337 billion for the same period of last year with exports declining by 0.48 per cent, according to Pakistan Bureau of Statistics (PBS).
Published 13 Mar, 2012 12:00am
Trade deficit surges $14.599 billion in seven months

Trade deficit surges $14.599 billion in seven months

Pakistan's trade deficit for the first seven months surged by $14.599 billion, up by 41.23 percent over $10.337 billion for the same period of last year with exports declining by 0.48 per cent, according to Pakistan Bureau of Statistics (PBS).
Published 13 Mar, 2012 12:00am
Trade deficit surges $14.599 billion in seven months

Trade deficit surges $14.599 billion in seven months

Pakistan's trade deficit for the first seven months surged by $14.599 billion, up by 41.23 percent over $10.337 billion for the same period of last year with exports declining by 0.48 per cent, according to Pakistan Bureau of Statistics (PBS).
Published 13 Mar, 2012 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (March 12, 2012).
Published 13 Mar, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
World Water Forum opens to warnings of scarcity, waste

World Water Forum opens to warnings of scarcity, waste

A global meeting on water opened in France on Monday with demands to bring clean water and sanitation to billions in need and to address worsening scarcity and waste. "The challenges are huge and the problems are deep-rooted," French Prime Minister Franco
Published 13 Mar, 2012 12:00am
World Water Forum opens to warnings of scarcity, waste

World Water Forum opens to warnings of scarcity, waste

A global meeting on water opened in France on Monday with demands to bring clean water and sanitation to billions in need and to address worsening scarcity and waste. "The challenges are huge and the problems are deep-rooted," French Prime Minister Franco
Published 13 Mar, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (March 12, 2012).
Published 13 Mar, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 13 Mar, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Monday (March 12, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 13 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 13 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 13 Mar, 2012 12:00am
Philippines to import up to 500,000 tonnes of rice this year

Philippines to import up to 500,000 tonnes of rice this year

The Philippines' National Food Authority (NFA) said on Monday that it has set a March 19 tender for permits to import 190,000 tonnes of rice - 38 percent of the approved maximum import volume of 500,000 tonnes for this year. Private importers will be allo
Published 13 Mar, 2012 12:00am
Oil cake market rates

Oil cake market rates

Contracts were lower on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The March vaida that had closed at 768.20 fell by 10 paisa to Rs 768.10. The May vaida which closed at Rs 785.70 fell sharply by 50 paisa to Rs 78
Published 13 Mar, 2012 12:00am
Seedcotton prices fall amid low business on cotton market

Seedcotton prices fall amid low business on cotton market

Seedcotton prices fell on the cotton market on Monday as mills and exporters remained on the sidelines after news that Indian ministers to review a restriction on fresh cotton exports, dealers said. The official spot rate was unchanged at Rs 5,300, they s
Published 13 Mar, 2012 12:00am
Vietnam exports 202,000 tonnes of coffee in February

Vietnam exports 202,000 tonnes of coffee in February

Vietnam exported 202,000 tonnes, or 3.37 million bags, of coffee last month, up 40.3 percent from a year earlier, Vietnam Customs said, revising up an earlier government estimate of 180,000 tonnes. But the actual loading volume in January-February fell 12
Published 13 Mar, 2012 12:00am
Russian wheat prices ease as exports slow

Russian wheat prices ease as exports slow

Russian export prices for benchmark wheat eased slightly last week after Egypt bought US origin in a tender as well as on rising competition from neighbouring Kazakhstan, analysts said on Monday. Russian wheat with 12.5 percent protein content slightly we
Published 13 Mar, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 204,320 tonnes of cargo comprising1 107,382 tonnes of import cargo and 96,938 tonnes of export cargo including 6,003 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 107,382 t
Published 13 Mar, 2012 12:00am
Zain Saudi names chief executive

Zain Saudi names chief executive

Indebted telecoms operator Zain Saudi has appointed Fraser Curley as chief executive, its third CEO in six months, as it seeks a first quarterly profit some four years after launching. Curley's appointment came after Zain Saudi, an affiliate of Kuwaiti gr
Published 13 Mar, 2012 12:00am
ECB just barely dips toe into bond markets

ECB just barely dips toe into bond markets

The European Central Bank showed that its bond-buying programme is on life-support rather than dead as it spent a meagre 27 million euros on government bonds after a three-week pause, ECB data showed on Monday. Traders have said the ECB had stepped in to
Published 13 Mar, 2012 12:00am
ECB just barely dips toe into bond markets

ECB just barely dips toe into bond markets

The European Central Bank showed that its bond-buying programme is on life-support rather than dead as it spent a meagre 27 million euros on government bonds after a three-week pause, ECB data showed on Monday. Traders have said the ECB had stepped in to
Published 13 Mar, 2012 12:00am
Asia needs $40 billion a year for 'climate proofing': ADB

Asia needs $40 billion a year for 'climate proofing': ADB

The Asia-Pacific region needs to spend about $40 billion a year to "climate proof" its economies against the impact of global warming, Asian Development Bank vice president Bindu Lohani said Monday. Countries need to undergo "transformational change" to b
Published 13 Mar, 2012 12:00am
Japan's machinery orders rise

Japan's machinery orders rise

Japan's core machinery orders rose at a faster pace than expected in January in a sign that rebuilding the country's tsunami-battered north-east coast could propel capital expenditure and support the fragile economy. Core machinery orders, which help gaug
Published 13 Mar, 2012 12:00am
Britain launches scheme to boost flagging property market

Britain launches scheme to boost flagging property market

Britain launched a scheme on Monday to help homebuyers borrow up to 95 percent of the value of a new property, to boost the flagging housing market and construction industry. The 'NewBuy Guarantee' scheme, intended to help first-time buyers and existing h
Published 13 Mar, 2012 12:00am
Banks team up to cut tech spend burden

Banks team up to cut tech spend burden

Squeezed by the twin pressures of satisfying both regulators and clients, the world's top banks are starting to work together on technology projects. More used to fierce competition than friendly collaboration, investment banks vie to offer computer-based
Published 13 Mar, 2012 12:00am
Brazil, Canada should cooperate on FX: Macklem

Brazil, Canada should cooperate on FX: Macklem

Canada and Brazil are both dealing with upward currency pressure and should work together at Group of 20 talks to promote exchange rate adjustments, Bank of Canada Senior Deputy Governor Tiff Macklem said on Monday. Brazil has been helpful in bringing att
Published 13 Mar, 2012 12:00am
Brazil extends tax on foreign debt to curb currency

Brazil extends tax on foreign debt to curb currency

Brazil extended the reach of a financial tax on foreign debt on Monday in yet another attempt to slow an avalanche of dollar inflows that has driven up the value of its currency, threatening a fragile economic recovery. President Dilma Rousseff extended t
Published 13 Mar, 2012 12:00am
Exxon, Iraq agree on crude payments for West Qurna

Exxon, Iraq agree on crude payments for West Qurna

Exxon Mobil and Baghdad have reached agreement for the US-based company to be paid in oil for work on the huge West Qurna-1 oilfield, after months of negotiations over contract terms, an Iraqi oil official said. The foreign oil companies involved in Iraq'
Published 13 Mar, 2012 12:00am
WTO rules on Boeing subsidies; both EU, US declare victory

WTO rules on Boeing subsidies; both EU, US declare victory

The World Trade Organisation's appeal body handed down a final ruling on Monday that found that subsidies and tax breaks to US planemaker Boeing caused serious prejudice to its European rival Airbus. "In completing the analysis, the Appellate Body found t
Published 13 Mar, 2012 12:00am
China eyes freer yuan, policy flexibility

China eyes freer yuan, policy flexibility

China will encourage the value of its yuan currency to be set by the market and step back from intervention "in an orderly manner", while keeping policy flexible to support credit growth in the face of volatile capital flows, the central bank said on Mond
Published 13 Mar, 2012 12:00am
India's Kingfisher cancels more flights

India's Kingfisher cancels more flights

India's Kingfisher Airlines said it had to cancel some flights due to "employee agitation on account of delayed salaries", pushing the debt-laden carrier deeper into trouble. The airline said it was operating about 80 percent of its flights, implying that
Published 13 Mar, 2012 12:00am
India sees return to high growth as factory output surges

India sees return to high growth as factory output surges

India's economy will soon return to high growth, the government pledged Monday, as official data showed industrial output expanded at its fastest clip in seven months and car sales surged. President Pratibha Patil told parliament's opening session the eco
Published 13 Mar, 2012 12:00am
Italy in recession, headache for Monti

Italy in recession, headache for Monti

Italy is in recession, final data confirmed on Monday, underscoring the difficulties facing Mario Monti's technocrat government as it grapples with a shrinking economy dragged down by austerity measures and a debt crisis. Italy's economy shrank 0.7 percen
Published 13 Mar, 2012 12:00am
Developers lift Abu Dhabi bourse, weigh on Egypt's index

Developers lift Abu Dhabi bourse, weigh on Egypt's index

Abu Dhabi's two largest property developers lifted the emirate's bourse on Monday as investors cheered the pair's merger talks, while Egypt's Palm Hills dragged down the market after reporting lower revenue. Aldar Properties and Sorouh Real Estate surged
Published 13 Mar, 2012 12:00am
Hong Kong shares up as China Mobile surges

Hong Kong shares up as China Mobile surges

Hong Kong shares reversed early losses to end higher on Monday, powered by a surge in China Mobile, but gains were capped by chart resistance ahead of a slew of corporate earnings this week. China Mobile surged to its highest since August 2009, after HSBC
Published 13 Mar, 2012 12:00am
Monday's early afternoon trade: Wall Street edges down

Monday's early afternoon trade: Wall Street edges down

The S&P 500 and the Nasdaq slipped on Monday as China's economic data and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally. China's trade balance plunged $31.5 billion into the red in Feb
Published 13 Mar, 2012 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks ended down 1.1 percent on Monday, joining Asian bourses amid uncertainty of Chinese growth, weighed down by HTC Corp and LCD makers, as investors took profit from their previous gains. The main TAIEX index fell 88.46 points to 7,927.55, afte
Published 13 Mar, 2012 12:00am
Southeast Asian markets end weaker

Southeast Asian markets end weaker

Southeast Asian stock markets were weaker on Monday as market players cashed in recent gains in regional big caps on bearish Chinese trade data and awaited signals from a US Federal Reserve meeting on Tuesday. Big name energy shares pulled lower along wit
Published 13 Mar, 2012 12:00am
Nikkei average slips

Nikkei average slips

Japan's Nikkei share average dipped on Monday after breaking above 10,000 to a fresh seven-month high as hedge funds locked in profits following a 3.7 percent rally in the previous two sessions and 17 percent so far this year. The yen's weakening to near
Published 13 Mar, 2012 12:00am
European equities dip

European equities dip

European equities edged lower on Monday, with optimism on the completion of a Greek debt swap quickly giving way to concerns about borrowing levels in other parts of the region, such as Spain, sparking a sell-off in bank shares. The FTSE Eurofirst 300 ind
Published 13 Mar, 2012 12:00am
Seoul stocks down

Seoul stocks down

South Korean stocks fell on Monday, pressured by concerns over China's slowing economy and as strong US jobs data dented expectations of further policy easing by the Federal Reserve. "Investors are feeling a fair amount of discomfort above the 2,000 point
Published 13 Mar, 2012 12:00am
Australian shares fall

Australian shares fall

Australian shares fell 0.4 percent on Monday after the biggest Chinese trade deficit in at least a decade underscored concerns that a slowdown in China could hurt the local economy and as strong US jobs data lessened the case for easing by the Federal Res
Published 13 Mar, 2012 12:00am
Britain's FTSE consolidates gains after late recovery

Britain's FTSE consolidates gains after late recovery

Britain's blue chip index ended with a small gain on Monday, as profit-taking on mining companies and banks was offset by gains among defensive shares. The FTSE 100 index ended up 5.26 points, or 0.1 percent, at 5,892.75, having traded 90 percent of its 9
Published 13 Mar, 2012 12:00am
Indian rupee down

Indian rupee down

The Indian rupee weakened on Monday as dollar needs of local oil companies weighed, but a much stronger-than-expected industrial output data boosted local equities and fund inflow hopes, helping deflect some pressure off the currency. The partially conver
Published 13 Mar, 2012 12:00am
Dollar rises in Asia

Dollar rises in Asia

The dollar hit its highest level in nearly a month versus the euro on Monday after last week's upbeat jobs data suggested the US economy may not be in dire need of further monetary stimulus from the Federal Reserve. The euro struggled after facing what tr
Published 13 Mar, 2012 12:00am
Midday trade in New York: Dollar eases versus euro, yen

Midday trade in New York: Dollar eases versus euro, yen

The dollar eased against the euro and the yen on Monday, a day ahead of a Federal Reserve meeting and the release of US retail sales data, but losses were capped because the Fed is seen less likely to further ease policy after recent strong jobs data. A l
Published 13 Mar, 2012 12:00am
Dollar holds firm near highs, euro struggles

Dollar holds firm near highs, euro struggles

The dollar hovered near its highest level in nearly a month against the euro on Monday as prospects for the greenback improved after upbeat US jobs data last week made further monetary stimulus from the Federal Reserve less likely. The dollar also hit its
Published 13 Mar, 2012 12:00am
Swiss franc flat

Swiss franc flat

The Swiss franc was steady against the euro on Monday and is seen trading in an ultra-tight range against the single currency ahead of a Swiss National Bank's meeting on Thursday where the SNB is seen reaffirming its commitment to the franc cap. The franc
Published 13 Mar, 2012 12:00am
Ringgit, Singapore dollar lead Asia forex lower

Ringgit, Singapore dollar lead Asia forex lower

The Malaysian ringgit and the Singapore dollar led declines in emerging Asian currencies on Monday on views that China may want a weaker yuan and as stronger-than-expected US job data dashed hopes for more easing by the Federal Reserve. China's central ba
Published 13 Mar, 2012 12:00am
Yuan midpoint sees second biggest drop ever

Yuan midpoint sees second biggest drop ever

The People's Bank of China (PBOC) set the yuan's midpoint against the dollar sharply lower on Monday, the second biggest single-day fall on record and the latest signal that China is willing to let its currency move within a wider range. The central bank
Published 13 Mar, 2012 12:00am
Sterling tumbles

Sterling tumbles

Sterling fell to its lowest in over six weeks versus a firmer dollar on Monday as increased optimism over the US economy boosted the greenback and triggered stop-loss sell orders in the pound, adding weight to a bearish technical outlook. An absence of UK
Published 13 Mar, 2012 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 81.75-81.78 (previous 81.75-81.77). Call Money Rates: 11.00-13.50 percent (previous 07.00-14.00 percent).
Published 13 Mar, 2012 12:00am
Australian and New Zealand dollars ease

Australian and New Zealand dollars ease

The Australian and New Zealand dollars nursed losses against their US counterpart on Monday, weighed by uncertainty over China after the world's second biggest economy posted a shocking trade deficit. The Australian dollar shed around third of a cent to $
Published 13 Mar, 2012 12:00am
World Twenty20 places at stake in qualifying event

World Twenty20 places at stake in qualifying event

International Cricket Council (ICC) chief executive Haroon Lorgat has called the ICC World Twenty20 qualifier that begins in the United Arab Emirates (UAE) on Tuesday "the biggest development event in cricket history". It is not an empty boast as 16 teams
Published 13 Mar, 2012 12:00am
New Zealand Cricket slams 'baseless' fixing claims

New Zealand Cricket slams 'baseless' fixing claims

New Zealand Cricket (NZC) on Monday dismissed as "baseless" and "irresponsible" a report that some of its players were involved in match-fixing. NZC chief executive David White said the International Cricket Council's anti-corruption unit was investigatin
Published 13 Mar, 2012 12:00am
Guardiola more important to Barca than me: Messi

Guardiola more important to Barca than me: Messi

Lionel Messi played down his impact at Barcelona on Monday, saying coach Pep Guardiola is more important to the Catalans. The Argentine three-times World Player of the Year scored twice at the weekend to move to within five goals of the club's all-time to
Published 13 Mar, 2012 12:00am
Federer, Nadal advance

Federer, Nadal advance

Former winners Roger Federer and Rafael Nadal breezed through with straight-set wins Sunday as a flu bug wreaked havoc on the men's and women's draws at the Indian Wells tournament. Reigning Wimbledon champion and WTA Player of the Year Petra Kvitova was
Published 13 Mar, 2012 12:00am
England retain top ranking as South Africa stumble

England retain top ranking as South Africa stumble

England will remain the world's top-ranked Test team after South Africa could only manage a draw in the opening Test of their New Zealand tour, the International Cricket Council said Monday. England's lead in the rankings was slashed to a single point aft
Published 13 Mar, 2012 12:00am
Brazil's soccer chief quits

Brazil's soccer chief quits

Ricardo Teixeira, the controversial soccer boss who has headed the Brazilian Football Confederation for 22 years, quit on Monday following a string of corruption scandals. Teixeira also resigned his role as the head of the local organising committee for t
Published 13 Mar, 2012 12:00am
Pakistan fined

Pakistan fined

Pakistan cricket team has been fined for maintaining a slow over-rate during its 21 runs victory over Bangladesh in the opening match of the Asia Cup cricket tournament in Mirpur, Dhaka on Sunday. David Boon of the Emirates Elite Panel of International Cr
Published 13 Mar, 2012 12:00am
Bruised India eyeing redemption

Bruised India eyeing redemption

Desperate to restore their battered reputation after recent debacle in Australia, title holders India would be hoping for a positive start to their campaign in Asia Cup cricket tournament when they take on Sri Lanka here on Tuesday. Pakistan beat hosts Ba
Published 13 Mar, 2012 12:00am
Protest against inmate's death

Protest against inmate's death

Following the death of a prisoner of Khairpur jail, Qalandar Bux, on late Monday at Civil Hospital Karachi, family members of the deceased staged protest at main Numaish Chowrangi along with the dead body, which created severe gridlock on Shahrah-e-Pakist
Published 13 Mar, 2012 12:00am