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Print - 2012-09-20
Pakistan repaid $10.3 billion to lenders till 2011-12

Pakistan repaid $10.3 billion to lenders till 2011-12

Pakistan has repaid $10.3 billion between 2000 and 2011-12 to various bilateral and multilateral donors, excluding the International Monetary Fund (IMF). Data obtained by Business Recorder showed that actual payments from 2000-01 till 2011-12 perta
Published 20 Sep, 2012 12:00am
Pakistan repaid $10.3 billion to lenders till 2011-12

Pakistan repaid $10.3 billion to lenders till 2011-12

Pakistan has repaid $10.3 billion between 2000 and 2011-12 to various bilateral and multilateral donors, excluding the International Monetary Fund (IMF). Data obtained by Business Recorder showed that actual payments from 2000-01 till 2011-12 perta
Published 20 Sep, 2012 12:00am
RTOs accused of violating Section 214C of IT Ordinance

RTOs accused of violating Section 214C of IT Ordinance

In a clear violation of section 214C of the Income Tax Ordinance, 2001, the Regional Tax Offices (RTOs) have started selecting cases for audit, manually. The commissioners in RTOs are either selecting cases for Tax Year 2010 and Tax Year 2011 or asking to
Published 20 Sep, 2012 12:00am
RTOs accused of violating Section 214C of IT Ordinance

RTOs accused of violating Section 214C of IT Ordinance

In a clear violation of section 214C of the Income Tax Ordinance, 2001, the Regional Tax Offices (RTOs) have started selecting cases for audit, manually. The commissioners in RTOs are either selecting cases for Tax Year 2010 and Tax Year 2011 or asking to
Published 20 Sep, 2012 12:00am
RTOs accused of violating Section 214C of IT Ordinance

RTOs accused of violating Section 214C of IT Ordinance

In a clear violation of section 214C of the Income Tax Ordinance, 2001, the Regional Tax Offices (RTOs) have started selecting cases for audit, manually. The commissioners in RTOs are either selecting cases for Tax Year 2010 and Tax Year 2011 or asking to
Published 20 Sep, 2012 12:00am
Dual nationality case: judgement today

Dual nationality case: judgement today

The Supreme Court will announce its reserved judgement on dual nationality of parliamentarians' case today (Thursday). Reserving its judgement in the case on September 18, the Supreme Court observed that the federal cabinet had approved a proposed legisla
Published 20 Sep, 2012 12:00am
Dual nationality case: judgement today

Dual nationality case: judgement today

The Supreme Court will announce its reserved judgement on dual nationality of parliamentarians' case today (Thursday). Reserving its judgement in the case on September 18, the Supreme Court observed that the federal cabinet had approved a proposed legisla
Published 20 Sep, 2012 12:00am
Saudi beheads Pakistani

Saudi beheads Pakistani

Saudi Arabia beheaded a Pakistani national on Wednesday in the holy city of Medina after convicting him of drug smuggling, the interior ministry said. Bashir Khamis Ahmad was found guilty of trying to smuggle large quantities of heroin into the kingdom.
Published 20 Sep, 2012 12:00am
Germany wrestles with ban on anti-Islam film screening

Germany wrestles with ban on anti-Islam film screening

German politicians and Muslim groups are agonising over whether to ban a small far-right group from screening in public an anti-Islam film that has sparked violent protests from Pakistan to Sudan. The Pro Deutschland group has vowed to show the full-lengt
Published 20 Sep, 2012 12:00am
Bonds climb on bargain hunting, safety buying

Bonds climb on bargain hunting, safety buying

US government debt prices gained on Tuesday as bargain hunters snapped up Treasuries for a second day following last Friday's sharp sell-off on inflation fears, and worries over the pace of global growth underpinned safe-haven demand for bonds. Bargain-hu
Published 20 Sep, 2012 12:00am
Bonds climb on bargain hunting, safety buying

Bonds climb on bargain hunting, safety buying

US government debt prices gained on Tuesday as bargain hunters snapped up Treasuries for a second day following last Friday's sharp sell-off on inflation fears, and worries over the pace of global growth underpinned safe-haven demand for bonds. Bargain-hu
Published 20 Sep, 2012 12:00am
Indian markets closed

Indian markets closed

The financial, stocks and commodity markets in India were closed on Wednesday due to Ganesh Chaturthi festival.
Published 20 Sep, 2012 12:00am
Taiwan stocks soar

Taiwan stocks soar

Taiwan stocks ended 0.62 percent higher on Wednesday, lifted by glass and ceramics counters and transport shares, which rose 2.28 percent and 2.12 percent respectively. The main TAIEX index rose 47.65 points to 7,781.91, after opening flat. Electronics sh
Published 20 Sep, 2012 12:00am
Wall Street ends flat to lower

Wall Street ends flat to lower

US stocks ended flat to slightly lower on Tuesday after bellwether FedEx cut its profit forecast and investors pulled back after last week's rally on central bank stimulus. Falling oil prices weighed on the market for a second day, with the S&P 500 energy
Published 20 Sep, 2012 12:00am
Wednesday's midday trade: stocks rise after housing data; energy drags

Wednesday's midday trade: stocks rise after housing data; energy drags

Wall Street edged higher on Wednesday as equities continue to churn in the wake of a central bank-driven rally, with gains in housing-related stocks outweighing weakness in energy. Economic data showed the pace of US home resales rose 7.8 percent in Augus
Published 20 Sep, 2012 12:00am
Nikkei reaches four-month high on BoJ easing

Nikkei reaches four-month high on BoJ easing

The Nikkei average hit a four-month closing high on Wednesday after the Bank of Japan eased monetary policy to bolster an export-driven economy that's struggling with sluggish global demand and fallout from a territorial dispute with China, Japan's bigges
Published 20 Sep, 2012 12:00am
Sri Lankan stocks fall

Sri Lankan stocks fall

Sri Lankan stocks fell 1.4 percent on Wednesday as investors booked profits across the board in an overbought market after a 15-session rally. The Colombo Stock Exchange's main index, which fell 2.2 percent in early trade, recouped its early losses to end
Published 20 Sep, 2012 12:00am
Brazilian minister criticises US monetary policy

Brazilian minister criticises US monetary policy

Brazilian Finance Minister Guido Mantega sharply criticised US monetary policy on Tuesday, warning that a new round of stimulus measures could cause "a lot of problems for emerging countries". After talks with his French counterpart Pierre Moscovici, Mant
Published 20 Sep, 2012 12:00am
Brazilian minister criticises US monetary policy

Brazilian minister criticises US monetary policy

Brazilian Finance Minister Guido Mantega sharply criticised US monetary policy on Tuesday, warning that a new round of stimulus measures could cause "a lot of problems for emerging countries". After talks with his French counterpart Pierre Moscovici, Mant
Published 20 Sep, 2012 12:00am
Big South American soyabean crop approaches in 2013: Oil World

Big South American soyabean crop approaches in 2013: Oil World

A large South American soyabean crop is approaching in early 2013 which will receive strong export demand and help relieve tight global supplies following drought damage to US, Brazilian and Argentine soya harvests this year, oilseeds analysts Oil World s
Published 20 Sep, 2012 12:00am
Not much activity seen on grain market

Not much activity seen on grain market

Not much activity was seen on the wholesale grain market on Wednesday due to strike in the city in the absence of proper attendance.
Published 20 Sep, 2012 12:00am
Spot rate falls modestly on cotton market

Spot rate falls modestly on cotton market

Spot rate after maintaining a stable trend for a long time, came down modestly in process of trading, dealers said. Official spot rate drifted lower by Rs 50 to Rs 5,550, they said. Main trading centres in the city were closed due to strike, they said. In
Published 20 Sep, 2012 12:00am
Russia may double wheat imports due to drought

Russia may double wheat imports due to drought

Major wheat exporter Russia may this year double its usually small imports of grain from neighbouring Kazakhstan and Ukraine to cover shortfalls due to drought in some regions and ensure minimum inventories, analysts and industry sources said. "During yea
Published 20 Sep, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 70,134 tonnes of cargo comprising 46,954 tonnes of import cargo and 23,180 tonnes of export cargo including 2,754 loaded & empty containers during the last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 46,95
Published 20 Sep, 2012 12:00am
China to extend soya reserve sale to contain inflation

China to extend soya reserve sale to contain inflation

China will carry on selling soyabean reserves well into 2013 in a bid to contain food inflation and ease tight supplies caused by a historic drought across the US grain belt, traders said on Wednesday. China buys about 60 percent of globally traded soyabe
Published 20 Sep, 2012 12:00am
US Midwest corn, soya bids mostly steady

US Midwest corn, soya bids mostly steady

Corn and soyabean spot basis bids held mostly steady around the US Midwest on Tuesday as the drop in futures this week chilled farmer sales of each commodity, grain merchants said. The harvest of each crop progressed but growers delayed any new sales and
Published 20 Sep, 2012 12:00am
Kenya's grade AA coffee price edges up

Kenya's grade AA coffee price edges up

The top price of Kenya's benchmark grade AA coffee climbed marginally to $306 per 50 kg bag at this week's auction from the previous sale's $302 per bag, the Nairobi Coffee Exchange (NCE) said on Tuesday. Although the east African nation is a small coffee
Published 20 Sep, 2012 12:00am
Indonesia, Vietnam extend MoU on rice supplies until 2017

Indonesia, Vietnam extend MoU on rice supplies until 2017

Indonesia and Vietnam have extended a pact on rice supplies until the end of 2017, a trade ministry statement said on Tuesday, as Jakarta seeks to increase stockpiles of the staple grain to hedge against food inflation. Last week, Indonesia's state procur
Published 20 Sep, 2012 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh eased in a second straight weekly auction on Tuesday on a slight improvement in supplies, though strong demand limited the downside, brokers said. The average price of Bangladeshi tea was 211.08 taka ($2.6) a kg against 211.16 tak
Published 20 Sep, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 20 Sep, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 20 Sep, 2012 12:00am
Karachi interbank rates

Karachi interbank rates

Karachi interbank rates on Wednesday (September 19, 2012).

Published 20 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 20 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 20 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 19, 2012).

Published 20 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 19, 2012).

Published 20 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 19, 2012).

Published 20 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 19, 2012).

Published 20 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 19, 2012).

Published 20 Sep, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 19, 2012).
Published 20 Sep, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
ENI announces major gas discovery in Sindh

ENI announces major gas discovery in Sindh

Italian energy group ENI on Wednesday announced that it had made a significant gas discovery onshore Pakistan, located in the Kirthar Fold Belt region, 350 kilometres north of Karachi. The size of the discovery is currently estimated at between 300 to 400
Published 20 Sep, 2012 12:00am
ENI announces major gas discovery in Sindh

ENI announces major gas discovery in Sindh

Italian energy group ENI on Wednesday announced that it had made a significant gas discovery onshore Pakistan, located in the Kirthar Fold Belt region, 350 kilometres north of Karachi. The size of the discovery is currently estimated at between 300 to 400
Published 20 Sep, 2012 12:00am
ENI announces major gas discovery in Sindh

ENI announces major gas discovery in Sindh

Italian energy group ENI on Wednesday announced that it had made a significant gas discovery onshore Pakistan, located in the Kirthar Fold Belt region, 350 kilometres north of Karachi. The size of the discovery is currently estimated at between 300 to 400
Published 20 Sep, 2012 12:00am
Asia-Pacific home to most millionaires: report

Asia-Pacific home to most millionaires: report

Asia-Pacific has overtaken North America as home to the most millionaires for the first time, boosted by a rise in the number of wealthy in China and Japan, a report released on Wednesday showed. The region had 3.37 million high net worth individuals (HNW
Published 20 Sep, 2012 12:00am
Asia-Pacific home to most millionaires: report

Asia-Pacific home to most millionaires: report

Asia-Pacific has overtaken North America as home to the most millionaires for the first time, boosted by a rise in the number of wealthy in China and Japan, a report released on Wednesday showed. The region had 3.37 million high net worth individuals (HNW
Published 20 Sep, 2012 12:00am
Asia-Pacific home to most millionaires: report

Asia-Pacific home to most millionaires: report

Asia-Pacific has overtaken North America as home to the most millionaires for the first time, boosted by a rise in the number of wealthy in China and Japan, a report released on Wednesday showed. The region had 3.37 million high net worth individuals (HNW
Published 20 Sep, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
Protesters break through gate of diplomatic enclave

Protesters break through gate of diplomatic enclave

Protesting against the sacrilegious film, hundreds of lawyers on Wednesday forced their way into the Diplomatic Enclave and attempted to reach the US Embassy and demanded of the government to expel the US ambassador from Pakistan and sever ties with Ameri
Published 20 Sep, 2012 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
Protesters break through gate of diplomatic enclave

Protesters break through gate of diplomatic enclave

Protesting against the sacrilegious film, hundreds of lawyers on Wednesday forced their way into the Diplomatic Enclave and attempted to reach the US Embassy and demanded of the government to expel the US ambassador from Pakistan and sever ties with Ameri
Published 20 Sep, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
Sacrilegious cartoons fuel fury

Sacrilegious cartoons fuel fury

Fresh protests erupted in the Muslim world Wednesday over an anti-Islam film as a French magazine poured fuel on the fire with the publication of sacrilegious cartoons. France braced for a backlash from the blasphemous cartoons, stepping up security at it
Published 20 Sep, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
Sacrilegious cartoons fuel fury

Sacrilegious cartoons fuel fury

Fresh protests erupted in the Muslim world Wednesday over an anti-Islam film as a French magazine poured fuel on the fire with the publication of sacrilegious cartoons. France braced for a backlash from the blasphemous cartoons, stepping up security at it
Published 20 Sep, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
Germany wrestles with ban on anti-Islam film screening

Germany wrestles with ban on anti-Islam film screening

German politicians and Muslim groups are agonising over whether to ban a small far-right group from screening in public an anti-Islam film that has sparked violent protests from Pakistan to Sudan. The Pro Deutschland group has vowed to show the full-lengt
Published 20 Sep, 2012 12:00am
Floods caused damages worth Rs 250 billion: agriculture experts

Floods caused damages worth Rs 250 billion: agriculture experts

The recent flooding in the country has caused an estimated loss of around Rs 250 billion to infrastructure, public and private property, agriculture and livestock in all provinces. Discussions with agricultural experts and government officials showed that
Published 20 Sep, 2012 12:00am
ISE index gains 25.65 points

ISE index gains 25.65 points

Equities moved both ways on 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 25.65 points as the ISE Ten Index moved from 3,170.98 to
Published 20 Sep, 2012 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the currency market on Wednesday as the rupee inched up versus the dollar in process of easy supply of dollars, dealers said. The rupee moved up by one-paisa in relation to the dollar for buying at 94.53 and it also gained three-pais
Published 20 Sep, 2012 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the currency market on Wednesday as the rupee inched up versus the dollar in process of easy supply of dollars, dealers said. The rupee moved up by one-paisa in relation to the dollar for buying at 94.53 and it also gained three-pais
Published 20 Sep, 2012 12:00am
CNG body observes strike tomorrow

CNG body observes strike tomorrow

All Pakistan CNG Association (APCNGA) on Wednesday announced to observe a one-day strike on Friday against the recent increase in CNG prices. Addressing a press conference on Wednesday, Chairman of All Pakistan CNG Association Ghayas Paracha said that the
Published 20 Sep, 2012 12:00am
CNG body observes strike tomorrow

CNG body observes strike tomorrow

All Pakistan CNG Association (APCNGA) on Wednesday announced to observe a one-day strike on Friday against the recent increase in CNG prices. Addressing a press conference on Wednesday, Chairman of All Pakistan CNG Association Ghayas Paracha said that the
Published 20 Sep, 2012 12:00am
CNG body observes strike tomorrow

CNG body observes strike tomorrow

All Pakistan CNG Association (APCNGA) on Wednesday announced to observe a one-day strike on Friday against the recent increase in CNG prices. Addressing a press conference on Wednesday, Chairman of All Pakistan CNG Association Ghayas Paracha said that the
Published 20 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 19, 2012).

Published 20 Sep, 2012 12:00am
Floods caused damages worth Rs 250 billion: agriculture experts

Floods caused damages worth Rs 250 billion: agriculture experts

The recent flooding in the country has caused an estimated loss of around Rs 250 billion to infrastructure, public and private property, agriculture and livestock in all provinces. Discussions with agricultural experts and government officials showed that
Published 20 Sep, 2012 12:00am