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Print - 2012-04-24
Index crosses 14,000-psychological level after four years

Index crosses 14,000-psychological level after four years

A bullish trend was witnessed on the Karachi share market on Monday on the back of both local and foreign investors' support on expectation of early implementation of revised Capital Gain Tax regime. The benchmark KSE-100 increased by 146.96 points to clo
Published 24 Apr, 2012 12:00am
Index crosses 14,000-psychological level after four years

Index crosses 14,000-psychological level after four years

A bullish trend was witnessed on the Karachi share market on Monday on the back of both local and foreign investors' support on expectation of early implementation of revised Capital Gain Tax regime. The benchmark KSE-100 increased by 146.96 points to clo
Published 24 Apr, 2012 12:00am
Dutch government felled by austerity boomerang

Dutch government felled by austerity boomerang

"Wie boter op het hoofd heeft, moet uit de zon blijven." The Dutch proverb is particularly appropriate for the country''s right-of-centre government, which has collapsed after failing to agree big budget cuts. In English, it reads: "He who has butter on h
Published 24 Apr, 2012 12:00am
Dutch government felled by austerity boomerang

Dutch government felled by austerity boomerang

"Wie boter op het hoofd heeft, moet uit de zon blijven." The Dutch proverb is particularly appropriate for the country's right-of-centre government, which has collapsed after failing to agree big budget cuts. In English, it reads: "He who has butter on hi
Published 24 Apr, 2012 12:00am
Dutch government felled by austerity boomerang

Dutch government felled by austerity boomerang

"Wie boter op het hoofd heeft, moet uit de zon blijven." The Dutch proverb is particularly appropriate for the country's right-of-centre government, which has collapsed after failing to agree big budget cuts. In English, it reads: "He who has butter on hi
Published 24 Apr, 2012 12:00am
No investor avails tax credit for equity investment scheme

No investor avails tax credit for equity investment scheme

The Federal Board of Revenue (FBR) has shown surprise that so far not a single investor has availed the lucrative ''tax credit for equity investment scheme'' announced in budget (2011-2012) for newly established industrial undertakings and tax credit to c
Published 24 Apr, 2012 12:00am
No investor avails tax credit for equity investment scheme

No investor avails tax credit for equity investment scheme

The Federal Board of Revenue (FBR) has shown surprise that so far not a single investor has availed the lucrative 'tax credit for equity investment scheme' announced in budget (2011-2012) for newly established industrial undertakings and tax credit to com
Published 24 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (April 23, 2012).

Published 24 Apr, 2012 12:00am
No investor avails tax credit for equity investment scheme

No investor avails tax credit for equity investment scheme

The Federal Board of Revenue (FBR) has shown surprise that so far not a single investor has availed the lucrative 'tax credit for equity investment scheme' announced in budget (2011-2012) for newly established industrial undertakings and tax credit to com
Published 24 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (April 23, 2012).

Published 24 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (April 23, 2012).

Published 24 Apr, 2012 12:00am
Budget 2012-13: farming sector to get relief: Prime Minister

Budget 2012-13: farming sector to get relief: Prime Minister

Prime Minister Syed Yousuf Raza Gilani said on Monday the government would provide relief to farming sector and the common man in the budget for 2012-13. In an interaction with print media journalists at the Prime Minister''''s House, Gilani also said tha
Published 24 Apr, 2012 12:00am
Budget 2012-13: farming sector to get relief: Prime Minister

Budget 2012-13: farming sector to get relief: Prime Minister

Prime Minister Syed Yousuf Raza Gilani said on Monday the government would provide relief to farming sector and the common man in the budget for 2012-13. In an interaction with print media journalists at the Prime Minister''s House, Gilani also said that
Published 24 Apr, 2012 12:00am
Budget 2012-13: farming sector to get relief: Prime Minister

Budget 2012-13: farming sector to get relief: Prime Minister

Prime Minister Syed Yousuf Raza Gilani said on Monday the government would provide relief to farming sector and the common man in the budget for 2012-13. In an interaction with print media journalists at the Prime Minister's House, Gilani also said that t
Published 24 Apr, 2012 12:00am
Budget 2012-13: farming sector to get relief: Prime Minister

Budget 2012-13: farming sector to get relief: Prime Minister

Prime Minister Syed Yousuf Raza Gilani said on Monday the government would provide relief to farming sector and the common man in the budget for 2012-13. In an interaction with print media journalists at the Prime Minister's House, Gilani also said that t
Published 24 Apr, 2012 12:00am
Global crime generates some $2.1 trillion annually: UN

Global crime generates some $2.1 trillion annually: UN

Global crime proceeds are worth some 2.1 trillion dollars per year, comparable to the nominal gross domestic product (GDP) of leading economies like Britain or Italy, the head of the UN Office on Drugs and Crime (UNODC) said Monday. This corresponds to 3.
Published 24 Apr, 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 (April 23, 2012).
Published 24 Apr, 2012 12:00am
Global crime generates some $2.1 trillion annually: UN

Global crime generates some $2.1 trillion annually: UN

Global crime proceeds are worth some 2.1 trillion dollars per year, comparable to the nominal gross domestic product (GDP) of leading economies like Britain or Italy, the head of the UN Office on Drugs and Crime (UNODC) said Monday. This corresponds to 3.
Published 24 Apr, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (April 23, 2012).

Published 24 Apr, 2012 12:00am
Global crime generates some $2.1 trillion annually: UN

Global crime generates some $2.1 trillion annually: UN

Global crime proceeds are worth some 2.1 trillion dollars per year, comparable to the nominal gross domestic product (GDP) of leading economies like Britain or Italy, the head of the UN Office on Drugs and Crime (UNODC) said Monday. This corresponds to 3.
Published 24 Apr, 2012 12:00am
Global crime generates some $2.1 trillion annually: UN

Global crime generates some $2.1 trillion annually: UN

Global crime proceeds are worth some 2.1 trillion dollars per year, comparable to the nominal gross domestic product (GDP) of leading economies like Britain or Italy, the head of the UN Office on Drugs and Crime (UNODC) said Monday. This corresponds to 3.
Published 24 Apr, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (April 23, 2012).

Published 24 Apr, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (April 23, 2012).
Published 24 Apr, 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 (April 23, 2012).

Published 24 Apr, 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 (April 23, 2012).

Published 24 Apr, 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 (April 23, 2012).

Published 24 Apr, 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 (April 23, 2012).

Published 24 Apr, 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 24 Apr, 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 (April 23, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 24 Apr, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 24 Apr, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 24 Apr, 2012 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was weaker and the July contract was unchanged on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The May vaida that had closed at Rs 787.60, opened with a fall of 40 paisa to Rs 787.20. The July contract
Published 24 Apr, 2012 12:00am
Upward trend persists on cotton market as supply drying up day by day

Upward trend persists on cotton market as supply drying up day by day

Rising trend was again witnessed on the cotton market on Monday as the ginners raised the asking prices, dealers said. Official spot rate was higher by Rs 150 to Rs 6000, they added. Prices of seedcotton in Sindh were higher at Rs 2200 and Rs 2400, while,
Published 24 Apr, 2012 12:00am
Rice prices up, grams' down on grain market

Rice prices up, grams' down on grain market

Rice prices rose and grams drifted lower on the wholesale grain market on Monday in process of modest trading, dealers said. On the rice sector, demand pushed up rice prices up and it looks that prices may rise further due to active purchasing by exporter
Published 24 Apr, 2012 12:00am
Russian wheat prices decline on weak demand

Russian wheat prices decline on weak demand

Russian wheat prices declined last week due to weak demand and intervention sales from state inventories, analysts said on Monday. "Traders complain about very weak demand from the international market," the Institute for Agricultural Market Studies (IKAR
Published 24 Apr, 2012 12:00am
Spain mulled cutting Argentina soya imports

Spain mulled cutting Argentina soya imports

Spain considered restricting Argentine Soyabean meal imports last week to retaliate against the South American country's seizure of Spanish-owned energy company YPF, a source familiar with the matter said on Monday. Instead, Spain introduced a measure on
Published 24 Apr, 2012 12:00am
HRW wheat bids steady to weak

HRW wheat bids steady to weak

Spot basis bids for hard red winter wheat were steady to weak in the southern US Plains on Monday as domestic millers had adequate spot supplies, dealers said. Farmer sales of new-crop wheat remained light as producers continued to fret about the advancin
Published 24 Apr, 2012 12:00am
Indian wheat harvest seen at record 90.23 million tonnes

Indian wheat harvest seen at record 90.23 million tonnes

Wheat output in India, the world's second-biggest producer, is seen at a record 90.23 million tonnes in 2012, Farm Minister Sharad Pawar said, boosting chances of additional shipments and immediately weighing on local prices. The estimated output is highe
Published 24 Apr, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 318,540 tonnes of cargo comprising1 249,054 tonnes of import cargo and 69,486 tonnes of export cargo including 3,568 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 249,054 t
Published 24 Apr, 2012 12:00am
Egypt's bourse up after Mobinil deal approved; Saudi index falls

Egypt's bourse up after Mobinil deal approved; Saudi index falls

Egypt's bourse jumped on Monday after the regulator approved France Telecom's offer for a stake in Mobinil, while Saudi stocks extended their decline as investors booked profits, while other Gulf bourses closed mixed. Mobinil soared 6.7 percent after Egyp
Published 24 Apr, 2012 12:00am
Nikkei average dips

Nikkei average dips

Japan's Nikkei share average dipped on Monday after financial leaders' pledge to raise the size of the IMF's firewall failed to ignite risk appetite, and as investors grew cautious ahead of Bank of Japan and US Federal Reserve policy meetings this week.
Published 24 Apr, 2012 12:00am
Monday's early trade: US stocks tumble

Monday's early trade: US stocks tumble

US stocks slid on Monday as resurgent uncertainty in Europe cast doubts on the bloc's ability to push through measures to end its debt crisis, while Wal-Mart weighed on the Dow after a report it stymied a probe into bribery allegations. After Dutch offici
Published 24 Apr, 2012 12:00am
Southeast Asian stocks mostly lower

Southeast Asian stocks mostly lower

Most Southeast Asian markets extended losses on Monday for a third day running on renewed worries over the euro zone debt crisis and further signs of weakness in European economies. Singapore fell 1.1 percent to a near two-week low in thin trade and Thail
Published 24 Apr, 2012 12:00am
Hong Kong shares suffer worst loss in seven weeks; China stocks fall

Hong Kong shares suffer worst loss in seven weeks; China stocks fall

Hong Kong shares suffered their worst loss in seven weeks on Monday, dragged by a 3 percent slump in China Mobile after it posted underwhelming March subscriber numbers after markets closed last Friday. The Hang Seng Index ended down 1.8 percent at 20,624
Published 24 Apr, 2012 12:00am
Australian shares slip

Australian shares slip

Australian shares slipped 0.3 percent on Monday, retreating from eight-month highs hit last week with investors on tenterhooks ahead of inflation figures, which could spur the central bank to cut interest rates. "We could see a rally," said Macquarie Equi
Published 24 Apr, 2012 12:00am
Growth scare sends European shares to three-month low

Growth scare sends European shares to three-month low

European shares fell to a three-month low in brisk volume on Monday and braced for a bumpy ride as worsening global economic conditions and political uncertainty in France and the Netherlands threatened to deepen the euro zone's crisis. The pan-European F
Published 24 Apr, 2012 12:00am
Seoul shares lower

Seoul shares lower

South Korean shares recovered from early losses to end marginally lower on Monday, but trade was choppy with many investors on the sidelines to await cues from a US Federal Reserve policy meeting. The Korea Composite Stock Price Index (KOSPI) ended down 0
Published 24 Apr, 2012 12:00am
India's main index falls 1.6 percent

India's main index falls 1.6 percent

Indian shares posted their biggest percentage fall in four weeks on Monday, led by a sharp decline in Infosys after the software service exporter said US authorities were scrutinising the eligibility documents of workers in the United States. The broader
Published 24 Apr, 2012 12:00am
Commodities, banks drag FTSE down on eurozone concerns

Commodities, banks drag FTSE down on eurozone concerns

Britain's top shares surrendered almost all of last week's gains on Monday, led lower by commodity stocks and banks, as political uncertainty and disappointing economic data revived investor concerns over the euro zone debt situation. The mood was darkene
Published 24 Apr, 2012 12:00am
Indian rupee posts biggest fall in almost a month

Indian rupee posts biggest fall in almost a month

The Indian rupee posted its sharpest single session fall in nearly a month on Monday hit by deepening worries over capital inflows, and keeping traders on guard for possible intervention from the central bank. The near-term outlook for the rupee remains w
Published 24 Apr, 2012 12:00am
Euro retreats in Asia

Euro retreats in Asia

The euro retreated from two-week highs against the dollar on Monday, pausing after its best weekly performance since February and drawing limited support from the weekend decision to double the International Monetary Fund's war chest. The Australian dolla
Published 24 Apr, 2012 12:00am
Early trade in New York: euro off two-week high

Early trade in New York: euro off two-week high

The euro slid from two-week high against the dollar on Monday on concern the euro zone debt crisis could spread to European nations so far thought to be safe, with the economic outlook and rising political risks likely to keep it under pressure. Analysts
Published 24 Apr, 2012 12:00am
Euro falls on political, economic growth uncertainty

Euro falls on political, economic growth uncertainty

The euro retreated from two-week highs against the dollar on Monday on worries the eurozone debt crisis could ensnare higher-rated countries, with gloomy economic prospects and rising political risks likely to keep it under pressure. The euro fell 0.7 per
Published 24 Apr, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 81.82-81.83 (previous 81.79-81.83). Call Money Rates: 8.00-15.00 percent (previous 8.25-15.00 percent).
Published 24 Apr, 2012 12:00am
Swiss franc to tick down

Swiss franc to tick down

The Swiss franc was poised to tick down against the dollar alongside with the euro as investors shunned risk following an initial vote in France's presidential election and as the eurozone's debt crisis rumbled on. The franc was flat against the euro, tra
Published 24 Apr, 2012 12:00am
Asian currencies mixed

Asian currencies mixed

Emerging Asian currencies were mixed on Monday on caution before two major central bank meetings, while the International Monetary Fund's decision to double its firepower to battle the European debt crisis provided limited support. Most of region's curren
Published 24 Apr, 2012 12:00am
Yuan weakens

Yuan weakens

China's yuan ended weaker on Monday, slightly below Friday's close despite starting from a stronger midpoint, as traders remained reluctant to test the recently widened trading band. Spot yuan closed at 6.3088 per dollar, 3 points weaker than the previous
Published 24 Apr, 2012 12:00am
Australian and New Zealand dollars lower

Australian and New Zealand dollars lower

The Australian and New Zealand dollars nudged lower on Monday as a very soft reading on producer inflation brought an Australian rate cut closer, sending bond futures soaring near to historic highs. The Australian dollar eased to $1.0330, from $1.0371 in
Published 24 Apr, 2012 12:00am
Sterling at fresh 20-month high

Sterling at fresh 20-month high

Sterling rose to a 20-month high against a weakened euro on Monday as political uncertainty in France and the Netherlands, combined with a grim economic outlook in the eurozone, prompted investors to flee the common currency. The euro fell 0.6 percent aga
Published 24 Apr, 2012 12:00am
Sharapova out to toughen up on clay

Sharapova out to toughen up on clay

Tennis diva Maria Sharapova says she is relishing making her Stuttgart debut here as the clay-court season gets under way with the statuesque Russian up against all four grand slam winners. The 25-year-old has added Stuttgart to her usual WTA clay-court e
Published 24 Apr, 2012 12:00am
Pique denies Guardiola rift on eve of Chelsea tie

Pique denies Guardiola rift on eve of Chelsea tie

Barcelona defender Gerard Pique dismissed reports of a rift with coach Pep Guardiola here Monday on the eve of the Spanish giants' crunch semi-final second leg with Chelsea. Pique, regarded as one of the key figures in Barcelona's evolution in recent year
Published 24 Apr, 2012 12:00am
50,000 Euro 2012 tickets unsold in Ukraine

50,000 Euro 2012 tickets unsold in Ukraine

A total of 50,000 tickets for Euro 2012 remain unsold for matches in Ukraine, UEFA said on Monday, while playing down suggestions that rocketing accommodation prices are to blame. "In Poland, we are basically sold out. In Ukraine, we still have around 50,
Published 24 Apr, 2012 12:00am
Poland to impose border controls for Euro 2012

Poland to impose border controls for Euro 2012

Poland will reinstate controls at its borders with neighbouring EU states during the Euro 2012 soccer championship, the Interior Ministry said in a statement on Monday. The ministry said the controls should not obstruct fluent travel and would be conducte
Published 24 Apr, 2012 12:00am
Hockey trials for Junior Asia Cup today

Hockey trials for Junior Asia Cup today

Trials to select an 18-member Pakistan hockey squad for the 7th Junior Asia Cup will be held at Hockey Club of Pakistan Stadium here on Tuesday 4.00 pm. Selection committee headed by Hanif Khan, Khalid Bashir and Arshad Chaudhry will watch the boys in act
Published 24 Apr, 2012 12:00am
Pakistan players still waiting for BPL payments

Pakistan players still waiting for BPL payments

The Pakistani cricketers who took part in the inaugural Bangladesh Premier League are still waiting for their dues to be cleared by the Twenty20 tournament's organisers. One of the leading players confirmed that until now, most of the players had only rec
Published 24 Apr, 2012 12:00am
No security fears in Pakistan: Whatmore

No security fears in Pakistan: Whatmore

Pakistan's cricket coach Dav Whatmore Monday voiced disappointment at Bangladesh postponing their tour, saying he had felt no security concerns during his two months in the country. Last week Bangladesh agreed to visit Pakistan for a One-day match and a T
Published 24 Apr, 2012 12:00am
Workshop

Workshop

Punjab University Department of Applied Psychology and Centre for Clinical Psychology's three-day workshop on "Post Disaster Psychological Management of Children" concluded at Undergraduate Study Centre here on Monday.
Published 24 Apr, 2012 12:00am
Quaid-e-Azam College students visit LSE

Quaid-e-Azam College students visit LSE

Students of Quaid-e-Azam College of Accountancy and Commerce visited Lahore Stock Exchange (LSE) where they were given an insight about practical aspects of the financial institutions by industry professionals. The visit was part of the nation-wide "Campu
Published 24 Apr, 2012 12:00am
Annual performance of Railway Police improving: IGP

Annual performance of Railway Police improving: IGP

Syed Ibne Hussain, Inspector General Police (IGP), Railways has said that the annual performance of Pakistan Railways Police (PRP) is better than the previous year. While addressing a press conference here on Monday along with DIG Munir Ahmad Chishti, he
Published 24 Apr, 2012 12:00am