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Print - 2012-09-13
PMEX's prime role to develop hedge markets in commodities

PMEX's prime role to develop hedge markets in commodities

The Pakistan Mercantile Exchange (PMEX) spokesperson Raeda Latif has objected to the statements of the Lahore Stock Exchange (LSE) Managing Director regarding PMEX in his press conference, reported in Business Recorder on Saturday 8th September. Th
Published 13 Sep, 2012 12:00am
Rs 34.708 million tax fraud unearthed

Rs 34.708 million tax fraud unearthed

Federal Board of Revenue has unearthed a tax fraud of Rs 34.708 million. The Regional Tax Office, Karachi (RTO) in pursuance of the approval granted by the board has conducted investigative inquiry of M/s S.G. along with its suppliers and buyers for misus
Published 13 Sep, 2012 12:00am
TUSDEC launches women skill development programme

TUSDEC launches women skill development programme

TUSDEC (Technology Upgradation and Skill Development Company) launched a course of Fashion Designing in collaboration with First Women Bank Limited. The course has come about as the implementation of GEP (Gender Equity Programme) funded by USAID, says a s
Published 13 Sep, 2012 12:00am
ISE index improves by 24.38 points

ISE index improves by 24.38 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 24.38 points as the ISE Ten Index moved from 3062.6 t
Published 13 Sep, 2012 12:00am
ISE index improves by 24.38 points

ISE index improves by 24.38 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 24.38 points as the ISE Ten Index moved from 3062.6 t
Published 13 Sep, 2012 12:00am
LSE index loses 36.41 points

LSE index loses 36.41 points

Equities on Wednesday moved both ways on the Lahore Stock Exchange and finally settled in positive zone amid marginally decreased trading turnover, as investors remained on the sideline due to volatile situation. However, the LSE-25 index lost 36.41 point
Published 13 Sep, 2012 12:00am
LSE index loses 36.41 points

LSE index loses 36.41 points

Equities on Wednesday moved both ways on the Lahore Stock Exchange and finally settled in positive zone amid marginally decreased trading turnover, as investors remained on the sideline due to volatile situation. However, the LSE-25 index lost 36.41 point
Published 13 Sep, 2012 12:00am
BRIndex30 up by 63.53 points

BRIndex30 up by 63.53 points

On Wednesday, BRIndex30 opened at 10,586.29. It touched an intraday high of 10,678.25 and an intraday low of 10,585.96 and closed at 10,649.82 which was 63.53 points or 0.6 percent higher than previous close. Total volume was 107,180,300, which was 60.78
Published 13 Sep, 2012 12:00am
BRIndex30 up by 63.53 points

BRIndex30 up by 63.53 points

On Wednesday, BRIndex30 opened at 10,586.29. It touched an intraday high of 10,678.25 and an intraday low of 10,585.96 and closed at 10,649.82 which was 63.53 points or 0.6 percent higher than previous close. Total volume was 107,180,300, which was 60.78
Published 13 Sep, 2012 12:00am
Index gains 64.46 points

Index gains 64.46 points

The Karachi share market on Wednesday witnessed a positive trend on the back of investors'' interest on attractive low levels and the benchmark KSE-100 index gained 64.46 points to close at 15,278.48 points. The market opened on strong positive note and t
Published 13 Sep, 2012 12:00am
Index gains 64.46 points

Index gains 64.46 points

The Karachi share market on Wednesday witnessed a positive trend on the back of investors' interest on attractive low levels and the benchmark KSE-100 index gained 64.46 points to close at 15,278.48 points. The market opened on strong positive note and th
Published 13 Sep, 2012 12:00am
Index gains 64.46 points

Index gains 64.46 points

The Karachi share market on Wednesday witnessed a positive trend on the back of investors' interest on attractive low levels and the benchmark KSE-100 index gained 64.46 points to close at 15,278.48 points. The market opened on strong positive note and th
Published 13 Sep, 2012 12:00am
Geithner heads to India

Geithner heads to India

US Treasury Secretary Timothy Geithner will travel next month to India for annual bilateral economic talks and to Japan for IMF-World Bank meetings, the Treasury Department said Wednesday. Geithner will begin a two-day visit to India in Delhi on October 9
Published 13 Sep, 2012 12:00am
Geithner heads to India

Geithner heads to India

US Treasury Secretary Timothy Geithner will travel next month to India for annual bilateral economic talks and to Japan for IMF-World Bank meetings, the Treasury Department said Wednesday. Geithner will begin a two-day visit to India in Delhi on October 9
Published 13 Sep, 2012 12:00am
FBR issues CGT rules on securities trading

FBR issues CGT rules on securities trading

The Federal Board of Revenue (FBR) here on Wednesday issued Capital Gain Taxation (CGT) rules on securities'' trading incorporating all amendments proposed by the Securities and Exchange Commission of Pakistan (SECP) to facilitate investors of stock excha
Published 13 Sep, 2012 12:00am
FBR issues CGT rules on securities trading

FBR issues CGT rules on securities trading

The Federal Board of Revenue (FBR) here on Wednesday issued Capital Gain Taxation (CGT) rules on securities' trading incorporating all amendments proposed by the Securities and Exchange Commission of Pakistan (SECP) to facilitate investors of stock exchan
Published 13 Sep, 2012 12:00am
FBR issues CGT rules on securities trading

FBR issues CGT rules on securities trading

The Federal Board of Revenue (FBR) here on Wednesday issued Capital Gain Taxation (CGT) rules on securities' trading incorporating all amendments proposed by the Securities and Exchange Commission of Pakistan (SECP) to facilitate investors of stock exchan
Published 13 Sep, 2012 12:00am
Shahabuddin granted pre-arrest bail

Shahabuddin granted pre-arrest bail

Supreme Court (SC) on Wednesday granted pre-arrest bail to Federal Minister for Textile Industry Makhdoom Shahabuddin in ephedrine quota case till September 25. Invoking the appellant jurisdiction of the Supreme Court on Monday, Sardar Ishaq, the counsel
Published 13 Sep, 2012 12:00am
Shahabuddin granted pre-arrest bail

Shahabuddin granted pre-arrest bail

Supreme Court (SC) on Wednesday granted pre-arrest bail to Federal Minister for Textile Industry Makhdoom Shahabuddin in ephedrine quota case till September 25. Invoking the appellant jurisdiction of the Supreme Court on Monday, Sardar Ishaq, the counsel
Published 13 Sep, 2012 12:00am
US ambassador to Libya killed in Benghazi attack

US ambassador to Libya killed in Benghazi attack

The US ambassador to Libya and three embassy staff were killed as they rushed away from a consulate building in Benghazi, stormed by al Qaeda-linked gunmen blaming America for a film that they said insulted the Prophet Mohammad (PBUH). Gunmen had attacked
Published 13 Sep, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
US ambassador to Libya killed in Benghazi attack

US ambassador to Libya killed in Benghazi attack

The US ambassador to Libya and three embassy staff were killed as they rushed away from a consulate building in Benghazi, stormed by al Qaeda-linked gunmen blaming America for a film that they said insulted the Prophet Mohammad (PBUH). Gunmen had attacked
Published 13 Sep, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
German court removes hurdle to eurozone bailout fund

German court removes hurdle to eurozone bailout fund

Germany''''s Constitutional Court gave a green light on Wednesday for the country to ratify Europe''''s new bailout fund, boosting hopes that the single currency bloc is finally putting in place the tools to resolve its three-year old debt crisis.
Published 13 Sep, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
German court removes hurdle to eurozone bailout fund

German court removes hurdle to eurozone bailout fund

Germany''s Constitutional Court gave a green light on Wednesday for the country to ratify Europe''s new bailout fund, boosting hopes that the single currency bloc is finally putting in place the tools to resolve its three-year old debt crisis.
Published 13 Sep, 2012 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
German court removes hurdle to eurozone bailout fund

German court removes hurdle to eurozone bailout fund

Germany's Constitutional Court gave a green light on Wednesday for the country to ratify Europe's new bailout fund, boosting hopes that the single currency bloc is finally putting in place the tools to resolve its three-year old debt crisis.
Published 13 Sep, 2012 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
German court removes hurdle to eurozone bailout fund

German court removes hurdle to eurozone bailout fund

Germany's Constitutional Court gave a green light on Wednesday for the country to ratify Europe's new bailout fund, boosting hopes that the single currency bloc is finally putting in place the tools to resolve its three-year old debt crisis.
Published 13 Sep, 2012 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
Mustafa Abu Shagur elected Libyan Prime Minister

Mustafa Abu Shagur elected Libyan Prime Minister

Members of Libya's 200-strong national assembly on Wednesday elected technocrat Mustafa Abu Shagur as the country's new prime minister in a close vote. Shagur, previously deputy prime minister, won 96 votes, beating the liberal candidate Mahmud Jibril by
Published 13 Sep, 2012 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
Mustafa Abu Shagur elected Libyan Prime Minister

Mustafa Abu Shagur elected Libyan Prime Minister

Members of Libya's 200-strong national assembly on Wednesday elected technocrat Mustafa Abu Shagur as the country's new prime minister in a close vote. Shagur, previously deputy prime minister, won 96 votes, beating the liberal candidate Mahmud Jibril by
Published 13 Sep, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
Pakistan condemns anti-Islam film

Pakistan condemns anti-Islam film

Pakistan on Wednesday strongly condemned the airing of a defamatory movie in the US. Foreign Office spokesman Moazzam Ahmad Khan, in response to the blasphemous movie by an Israeli-American, said that such abominable actions, synchronised with commemorati
Published 13 Sep, 2012 12:00am
UN group not probing human rights violations, clarifies Hina

UN group not probing human rights violations, clarifies Hina

Foreign Minister Hina Rabbani Khar on Wednesday categorically dispelled the impression that the United Nations (UN) working group on human rights was visiting Pakistan to probe human rights violations, saying that it would evaluate the measures taken by t
Published 13 Sep, 2012 12:00am
Spot dollar rates

Spot dollar rates

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

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

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 12, 2012).
Published 13 Sep, 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 Wednesday (September 12, 2012).

Published 13 Sep, 2012 12:00am
Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (September 12, 2012).

Published 13 Sep, 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 Wednesday (September 12, 2012).

Published 13 Sep, 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 Wednesday (September 12, 2012).

Published 13 Sep, 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 Wednesday (September 12, 2012).

Published 13 Sep, 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 Sep, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 13 Sep, 2012 12:00am
Karachi interbank rates

Karachi interbank rates

Karachi interbank rates on Wednesday (September 12, 2012).

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

New York cotton

The fluctuations observed during the day:

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

New York cotton

The fluctuations observed during the day:

Published 13 Sep, 2012 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh inched down at a weekly auction on Tuesday on an improvement in supplies, though strong demand limited the drop, brokers said. The average price of Bangladeshi tea was 211.16 taka ($2.6) a kg against 211.27 taka per kg at the prev
Published 13 Sep, 2012 12:00am
Indian sugar futures down due to rains

Indian sugar futures down due to rains

Indian sugar futures eased for a second session on Wednesday as improved rains in cane growing areas buoyed the crop's prospects amid lacklustre demand in the spot markets, though traders expect prices to recover soon on account of festivals. "Demand is s
Published 13 Sep, 2012 12:00am
Vietnam's coffee sales may slow as new harvest starts

Vietnam's coffee sales may slow as new harvest starts

Vietnam's coffee sales could slow next month at the start of the new harvest due to thin supply, partly because many exporters have struggled to secure loans, while farmers were under little pressure to sell thanks to strong prices since 2011, traders sai
Published 13 Sep, 2012 12:00am
US exports to keep soyabean prices high: Oil World

US exports to keep soyabean prices high: Oil World

Strong global demand for US soyabeans will keep soyabean prices firm in the coming months despite the recent fall from early September's record highs, Hamburg-based oilseeds analysts Oil World said on Tuesday. Global importers will have little choice but
Published 13 Sep, 2012 12:00am
French 2012-13 wheat exports to rise

French 2012-13 wheat exports to rise

France, the European Union's largest wheat producer and exporter, should ship 9 million tonnes of soft wheat outside the EU this season, up from 8.4 million tonnes in 2011/12, farm office FranceAgriMer forecast on Wednesday. In its first official supply/d
Published 13 Sep, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 122,097 tonnes of cargo comprising 81,303 tonnes of import cargo and 40,794 tonnes of export cargo including 3,453 loaded & empty containers during the last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 81,3
Published 13 Sep, 2012 12:00am
Oil cake market rates

Oil cake market rates

Both the contracts were unchanged on the forward cottonseeds oilcake market on Wednesday in process of trading, dealers said. The December vaida closed at Rs 446.70 and ended and ended at the same rate, they said. The January contract ended at Rs 896.60,
Published 13 Sep, 2012 12:00am
Prices up on cotton market amid tight supply

Prices up on cotton market amid tight supply

As a result of tight supply because of continued rains in the country prices went up on the cotton market on Wednesday, dealers said. Official spot rate was unchanged at Rs 5650, they said. In the ready business, over 4000 bales of cotton changed hands be
Published 13 Sep, 2012 12:00am
HRW wheat bids flat

HRW wheat bids flat

Spot basis bids for hard red winter wheat in the US Plains were flat on Wednesday as farmers focused on planting preparation and in some areas seeding was getting under way. Soil moisture levels were a concern in many key growing areas of the Plains after
Published 13 Sep, 2012 12:00am
Kenyan tea up on Jodia Bazaar

Kenyan tea up on Jodia Bazaar

The trading in Kenyan tea ended up on Jodia Bazaar here on Wednesday. The following changes were noted.
Published 13 Sep, 2012 12:00am
Modest trading on grain market

Modest trading on grain market

Modest trading was seen on the wholesale grain market on Wednesday as most of the participants were on the sidelines mainly because of rains in the city, dealers said.
Published 13 Sep, 2012 12:00am
India's Goa state suspends mining over scam claims

India's Goa state suspends mining over scam claims

Mines in the Indian state of Goa were ordered on Tuesday to close temporarily after a government-backed inquiry estimated illegal trade in iron ore had cost more than $6.0 billion in five years. The state Mines and Geology department directed all mines to
Published 13 Sep, 2012 12:00am
Kingfisher says France a worry in second half

Kingfisher says France a worry in second half

Kingfisher, Europe's biggest DIY retailer, said trading conditions were likely to worsen in France, its most profitable market, as it reported first-half group profit missed forecasts, hit by poor weather and a strong pound. Kingfisher, which runs the mar
Published 13 Sep, 2012 12:00am
Kingfisher says France a worry in second half

Kingfisher says France a worry in second half

Kingfisher, Europe's biggest DIY retailer, said trading conditions were likely to worsen in France, its most profitable market, as it reported first-half group profit missed forecasts, hit by poor weather and a strong pound. Kingfisher, which runs the mar
Published 13 Sep, 2012 12:00am