Print - 2012-09-29
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (September 28, 2012).

Published 29 Sep, 2012 12:00am
BRIndex30 gains 49.01 points

BRIndex30 gains 49.01 points

On Friday, BRIndex30 opened at 10,598.96. It touched an intraday high of 10,668 and an intraday low of 10,598.11 and closed at 10,647.97, which was 49.01 points or 0.46 percent higher than previous close. Total volume was 62,050,700, which was 54.46 perce
Published 29 Sep, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (September 28, 2012).

Published 29 Sep, 2012 12:00am
BRIndex30 gains 49.01 points

BRIndex30 gains 49.01 points

On Friday, BRIndex30 opened at 10,598.96. It touched an intraday high of 10,668 and an intraday low of 10,598.11 and closed at 10,647.97, which was 49.01 points or 0.46 percent higher than previous close. Total volume was 62,050,700, which was 54.46 perce
Published 29 Sep, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (September 28, 2012).

Published 29 Sep, 2012 12:00am
Index surges by 87.23 points

Index surges by 87.23 points

A bullish trend was witnessed on the Karachi share market on Friday on the back of aggressive buying by both local and foreign investors and the benchmark KSE-100 index surged by 87.23 points to close at 15,444.82 points. The market opened on strong posit
Published 29 Sep, 2012 12:00am
Index surges by 87.23 points

Index surges by 87.23 points

A bullish trend was witnessed on the Karachi share market on Friday on the back of aggressive buying by both local and foreign investors and the benchmark KSE-100 index surged by 87.23 points to close at 15,444.82 points. The market opened on strong posit
Published 29 Sep, 2012 12:00am
Index surges by 87.23 points

Index surges by 87.23 points

A bullish trend was witnessed on the Karachi share market on Friday on the back of aggressive buying by both local and foreign investors and the benchmark KSE-100 index surged by 87.23 points to close at 15,444.82 points. The market opened on strong posit
Published 29 Sep, 2012 12:00am
WSJ report rejected: Pakistan insists drone attacks illegal

WSJ report rejected: Pakistan insists drone attacks illegal

Pakistan on Friday reiterated its stance on US drone strikes, terming these strikes illegal, counterproductive, in contravention of international law and a violation of the country's sovereignty. Responding to a report carried by a US-based newspaper abou
Published 29 Sep, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (September 28, 2012).

Published 29 Sep, 2012 12:00am
WSJ report rejected: Pakistan insists drone attacks illegal

WSJ report rejected: Pakistan insists drone attacks illegal

Pakistan on Friday reiterated its stance on US drone strikes, terming these strikes illegal, counterproductive, in contravention of international law and a violation of the country's sovereignty. Responding to a report carried by a US-based newspaper abou
Published 29 Sep, 2012 12:00am
Military talks called off due to protests: US

Military talks called off due to protests: US

A planned meeting between US and Pakistani military chiefs was postponed this week due to a wave of violent anti-American protests, the top-ranking US officer, General Martin Dempsey, said Thursday. Dempsey revealed at a news conference that he had schedu
Published 29 Sep, 2012 12:00am
Military talks called off due to protests: US

Military talks called off due to protests: US

A planned meeting between US and Pakistani military chiefs was postponed this week due to a wave of violent anti-American protests, the top-ranking US officer, General Martin Dempsey, said Thursday. Dempsey revealed at a news conference that he had schedu
Published 29 Sep, 2012 12:00am
'Kishanganga dam to create 13 percent water shortage'

'Kishanganga dam to create 13 percent water shortage'

If India succeeds in building the Kishanganga dam on River Jhelum, Pakistan is likely to face 13 percent shortage of water, incurring a loss of $141 million to the national exchequer.
Published 29 Sep, 2012 12:00am
'Kishanganga dam to create 13 percent water shortage'

'Kishanganga dam to create 13 percent water shortage'

If India succeeds in building the Kishanganga dam on River Jhelum, Pakistan is likely to face 13 percent shortage of water, incurring a loss of $141 million to the national exchequer.
Published 29 Sep, 2012 12:00am
Man behind anti-Islam film jailed

Man behind anti-Islam film jailed

An Egyptian-American man behind an anti-Islam film that has stoked violent protests across the Muslim world was arrested on Thursday in California for allegedly violating his probation, and a federal judge ordered him jailed without bond. Nakoula Basseley
Published 29 Sep, 2012 12:00am
Man behind anti-Islam film jailed

Man behind anti-Islam film jailed

An Egyptian-American man behind an anti-Islam film that has stoked violent protests across the Muslim world was arrested on Thursday in California for allegedly violating his probation, and a federal judge ordered him jailed without bond. Nakoula Basseley
Published 29 Sep, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (September 28, 2012).

Published 29 Sep, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (September 28, 2012).
Published 29 Sep, 2012 12:00am
UK seeks to mend ''broken'' Libor, not scrap it

UK seeks to mend ''broken'' Libor, not scrap it

Britain''s top financial watchdog delivered a 10-point plan to fix Libor but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal.
Published 29 Sep, 2012 12:00am
UK seeks to mend 'broken' Libor, not scrap it

UK seeks to mend 'broken' Libor, not scrap it

Britain's top financial watchdog delivered a 10-point plan to fix Libor but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal.
Published 29 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 Friday (September 28, 2012).

Published 29 Sep, 2012 12:00am
UK seeks to mend 'broken' Libor, not scrap it

UK seeks to mend 'broken' Libor, not scrap it

Britain's top financial watchdog delivered a 10-point plan to fix Libor but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal.
Published 29 Sep, 2012 12:00am
France hits rich and business to slash deficit

France hits rich and business to slash deficit

Socialist President Francois Hollande unveiled higher levies on business and a 75-percent tax for the super-rich on Friday in a 2013 budget aimed at showing France has the fiscal rigour to remain at the core of the euro zone. The package aims to recoup 30
Published 29 Sep, 2012 12:00am
France hits rich and business to slash deficit

France hits rich and business to slash deficit

Socialist President Francois Hollande unveiled higher levies on business and a 75-percent tax for the super-rich on Friday in a 2013 budget aimed at showing France has the fiscal rigour to remain at the core of the euro zone. The package aims to recoup 30
Published 29 Sep, 2012 12:00am
France hits rich and business to slash deficit

France hits rich and business to slash deficit

Socialist President Francois Hollande unveiled higher levies on business and a 75-percent tax for the super-rich on Friday in a 2013 budget aimed at showing France has the fiscal rigour to remain at the core of the euro zone. The package aims to recoup 30
Published 29 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 Friday (September 28, 2012).

Published 29 Sep, 2012 12:00am
US dollar share of global reserves dips in second quarter: IMF

US dollar share of global reserves dips in second quarter: IMF

The US dollar''s share of known global reserves held by central banks slipped in the year''s second quarter, International Monetary Fund data showed on Friday. The greenback''s share of the roughly $5.8 trillion of known reserves was 61.9 percent in the s
Published 29 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 Friday (September 28, 2012).

Published 29 Sep, 2012 12:00am
US dollar share of global reserves dips in second quarter: IMF

US dollar share of global reserves dips in second quarter: IMF

The US dollar's share of known global reserves held by central banks slipped in the year's second quarter, International Monetary Fund data showed on Friday. The greenback's share of the roughly $5.8 trillion of known reserves was 61.9 percent in the seco
Published 29 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 Friday (September 28, 2012).

Published 29 Sep, 2012 12:00am
US dollar share of global reserves dips in second quarter: IMF

US dollar share of global reserves dips in second quarter: IMF

The US dollar's share of known global reserves held by central banks slipped in the year's second quarter, International Monetary Fund data showed on Friday. The greenback's share of the roughly $5.8 trillion of known reserves was 61.9 percent in the seco
Published 29 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 29 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 29 Sep, 2012 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 29 Sep, 2012 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 29 Sep, 2012 12:00am
BRIDGE NOTES: Take a deep breath first

BRIDGE NOTES: Take a deep breath first

In Bridge there are no second chances. Hence it pays to pause before you hurriedly play to the opening moves made by the opponents. For one needs to plan his play in a manner whereby he can extract the maximum chances in the making of his contract.
Published 29 Sep, 2012 12:00am
Mengal says his six points no different from Mujib's

Mengal says his six points no different from Mujib's

Sardar Akhtar Mengal on Friday termed his six-point formula, submitted before the Supreme Court for working out a tangible solution to the Balochistan issue, no different from the one proposed by Sheikh Mujibur Rahman, which he had made part of his electi
Published 29 Sep, 2012 12:00am
ART FACTS: Tangible forms and emotions

ART FACTS: Tangible forms and emotions

The choice of the most unimpressive and ordinary things to paint by Shakeel Siddiqui make his still life paintings widely popular among the art lovers. He paints his subject meticulously in microscopic detail with strong light effects and shadows, which g
Published 29 Sep, 2012 12:00am
Mengal says his six points no different from Mujib's

Mengal says his six points no different from Mujib's

Sardar Akhtar Mengal on Friday termed his six-point formula, submitted before the Supreme Court for working out a tangible solution to the Balochistan issue, no different from the one proposed by Sheikh Mujibur Rahman, which he had made part of his electi
Published 29 Sep, 2012 12:00am
KARACHI CHRONICLE: We angry people

KARACHI CHRONICLE: We angry people

It should have been called a day to express our anger against an anti-Islam film made in the USA by a man with a history of hate-crimes, financial fraud and attacks on Muslims. Included was rage against a French magazine which published blasphemous cartoo
Published 29 Sep, 2012 12:00am
Centre, spy agencies deny accusations

Centre, spy agencies deny accusations

The federation and intelligence agencies in their joint response filed in the Supreme Court on Friday denied all charges levelled by Sardar Akhtar Jan Mengal a day ago, including custody of missing persons, existence of 'death squads' or an ongoing milita
Published 29 Sep, 2012 12:00am
Towards 'no-rule' of law

Towards 'no-rule' of law

"Tomorrow a protest has been planned by some, so please try not to venture outdoors. It will not be safe."-People are often heard advising their offspring, friends and other relatives prior to public gatherings in the country. So, if a majority of urbanit
Published 29 Sep, 2012 12:00am
Centre, spy agencies deny accusations

Centre, spy agencies deny accusations

The federation and intelligence agencies in their joint response filed in the Supreme Court on Friday denied all charges levelled by Sardar Akhtar Jan Mengal a day ago, including custody of missing persons, existence of 'death squads' or an ongoing milita
Published 29 Sep, 2012 12:00am
US Midwest corn and soyabeans bids ease

US Midwest corn and soyabeans bids ease

Spot basis bids for corn and soyabeans eased at terminals along the Mississippi and Illinois rivers on Thursday, pressured by higher shipping costs on the waterways, grain merchants said. The basis for each crop was steady to firm at interior points - cor
Published 29 Sep, 2012 12:00am
Zardari urges Karzai to confront common challenges

Zardari urges Karzai to confront common challenges

President Asif Ali Zardari met with Afghan President Hamid Karzai here on Thursday night on the sidelines of the UN General Assembly meeting in New York and discussed bilateral relations, situation in the region and peace process.
Published 29 Sep, 2012 12:00am
Indian gold importers step up buying as rupee firms up

Indian gold importers step up buying as rupee firms up

Gold importers in India, the world's biggest consumer, stepped up purchases in small quantities ahead of major festivals as prices hovered near their lowest in three weeks, weighed by a stronger rupee. At 0842 GMT, the most-active gold for October deliver
Published 29 Sep, 2012 12:00am
Zardari urges Karzai to confront common challenges

Zardari urges Karzai to confront common challenges

President Asif Ali Zardari met with Afghan President Hamid Karzai here on Thursday night on the sidelines of the UN General Assembly meeting in New York and discussed bilateral relations, situation in the region and peace process.
Published 29 Sep, 2012 12:00am
Corn export premiums lower at US Gulf Coast

Corn export premiums lower at US Gulf Coast

Corn export premiums at the US Gulf Coast were lower on Thursday, pressured by weak demand as US prices were not competitive with those from South America, traders said. Corn export sales last week totalled just 400 tonnes, according to US Agriculture Dep
Published 29 Sep, 2012 12:00am
Prime Minister launches strategic projects at KKH

Prime Minister launches strategic projects at KKH

Prime Minister Raja Pervez Ashraf on Friday launched two landmark multi-million dollar strategic projects at the Karakorum Highway (KKH), aimed at restoring the historic road linkage with China that was severed due to the artificial Attabad lake created a
Published 29 Sep, 2012 12:00am
No change on grain market

No change on grain market

Not a single change was seen on the wholesale grain and seeds market on Friday, Grain and Seeds Merchant Group said.
Published 29 Sep, 2012 12:00am
Prime Minister launches strategic projects at KKH

Prime Minister launches strategic projects at KKH

Prime Minister Raja Pervez Ashraf on Friday launched two landmark multi-million dollar strategic projects at the Karakorum Highway (KKH), aimed at restoring the historic road linkage with China that was severed due to the artificial Attabad lake created a
Published 29 Sep, 2012 12:00am
Indian corn likely to be steady on supplies below expectations

Indian corn likely to be steady on supplies below expectations

Indian corn futures are likely to remain steady next week, after falling on Friday, as arrivals below expectations in spot markets could support prices, traders and analysts said. "Corn in major spot markets across the country is being sold at around 1,35
Published 29 Sep, 2012 12:00am
Prime Minister launches strategic projects at KKH

Prime Minister launches strategic projects at KKH

Prime Minister Raja Pervez Ashraf on Friday launched two landmark multi-million dollar strategic projects at the Karakorum Highway (KKH), aimed at restoring the historic road linkage with China that was severed due to the artificial Attabad lake created a
Published 29 Sep, 2012 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 87,394 tonnes of cargo comprising 53,531 tonnes of import cargo and 33,863 tonnes of export cargo including 3,126 loaded & empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 53,531 t
Published 29 Sep, 2012 12:00am
Russia may limit grain exports in 2013

Russia may limit grain exports in 2013

Key global wheat supplier Russia will not impose any grain export restrictions at all this year but some limits may be possible in 2013 if wheat exports continue on a large scale, Deputy Economy Minister Andrei Klepach said on Thursday. Klepach's comments
Published 29 Sep, 2012 12:00am
Spot rate resists steep slide on cotton market

Spot rate resists steep slide on cotton market

Spot rate resisted a sharp decline on the cotton market on Friday amid strong buying by mills, dealers said. Official spot rate managed to minimise its fall, dropping Rs 50 more to Rs 5,200, they said. In the ready business, over 18000 bales of cotton cha
Published 29 Sep, 2012 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell to their lowest in more than four months on Thursday before paring losses, under pressure from technical selling and lower soybean prices, traders said. Commodity funds seen whittling down net long position. Index funds st
Published 29 Sep, 2012 12:00am
Indian coffee prices steady

Indian coffee prices steady

Coffee prices in India were steady on selective buying by local traders, auctioneer J. Thomas said in statement on Friday. Arabic plantation PB and C grade coffee prices were unchanged at the auction on Thursday. Robusta parchment coffee received no enqui
Published 29 Sep, 2012 12:00am
Equity bankers go bespoke

Equity bankers go bespoke

In banking, as in fashion, bespoke tailoring commands a premium. As investment banks see their income fall from traditional sales of shares, their dealmakers are putting increasing importance on the higher revenues from stitching together more complex mec
Published 29 Sep, 2012 12:00am
Equity bankers go bespoke

Equity bankers go bespoke

In banking, as in fashion, bespoke tailoring commands a premium. As investment banks see their income fall from traditional sales of shares, their dealmakers are putting increasing importance on the higher revenues from stitching together more complex mec
Published 29 Sep, 2012 12:00am
Spain bank audit paves way for state bailout

Spain bank audit paves way for state bailout

Spanish banks will need a total of 59.3 billion euros ($76.3 billion) in extra capital to ride out a serious economic downturn, an independent report said on Friday, buying time for Prime Minister Mariano Rajoy who faces intense pressure to seek a bailout
Published 29 Sep, 2012 12:00am
Heineken wins Tiger battle

Heineken wins Tiger battle

Heineken NV won full control of the maker of Tiger beer in a S$7.9 billion ($6.4 billion) deal on Friday, ending a two-month battle aimed at strengthening the Dutch brewer's position in fast-growing Asian beer markets. Shareholders of Singapore conglomera
Published 29 Sep, 2012 12:00am
WTO appoints expert panel in long-running China-US dispute

WTO appoints expert panel in long-running China-US dispute

International trade arbiter the World Trade Organization on Friday appointed a panel of experts to investigate the latest in a series of disputes involving China and the United States. The procedural measure, taken by the organisation's Dispute Settlement
Published 29 Sep, 2012 12:00am
China delivers first of new Iranian oil tankers

China delivers first of new Iranian oil tankers

A Chinese shipyard has delivered the first of 12 supertankers to Iran, giving Tehran extra capacity to transport its oil to Asia as it struggles against Western sanctions, but it is unclear if the ship has the permits necessary to call at global ports.
Published 29 Sep, 2012 12:00am
Direct Line prices IPO at bottom end of range

Direct Line prices IPO at bottom end of range

Part-nationalised Royal Bank of Scotland has set a price for the planned stock market listing of its Direct Line insurance business which is at the lower end of analysts' expectations. RBS said on Friday that it would sell the shares at a price between 16
Published 29 Sep, 2012 12:00am
Direct Line prices IPO at bottom end of range

Direct Line prices IPO at bottom end of range

Part-nationalised Royal Bank of Scotland has set a price for the planned stock market listing of its Direct Line insurance business which is at the lower end of analysts' expectations. RBS said on Friday that it would sell the shares at a price between 16
Published 29 Sep, 2012 12:00am
Chevron pays $17.5 million fine for Brazil spill

Chevron pays $17.5 million fine for Brazil spill

US oil firm Chevron has paid a $17.5 million fine for a major spill off Rio de Janeiro state last year, Brazilian authorities said Thursday. In a brief statement, the country's National Petroleum Agency (ANP) said Chevron Brasil Upstream Frade Ltda. had p
Published 29 Sep, 2012 12:00am
Apple's Cook apologises for Maps flaws

Apple's Cook apologises for Maps flaws

Apple Inc Chief Executive Tim Cook apologized Friday to customers frustrated with glaring errors in its new Maps service, and, in an unusual move for the consumer giant, directed them to rival services instead, such as Google Inc's Maps. The rare apology
Published 29 Sep, 2012 12:00am
Russian metals moguls settle RUSAL stake spat

Russian metals moguls settle RUSAL stake spat

Russian billionaires Oleg Deripaska and Michael Cherney reached an 11th-hour settlement in a dispute over a billion dollar slice of aluminium giant RUSAL, shortly before they were due to give evidence in a drawn-out London court case. The case, which had
Published 29 Sep, 2012 12:00am
RIM buys itself breathing room for BB10 launch

RIM buys itself breathing room for BB10 launch

Research In Motion Ltd, after buying itself breathing room on Thursday by delivering stronger-than-expected quarterly results, still faces the formidable task of delivering a make-or-break line of new BlackBerry devices early next year. The more stable ca
Published 29 Sep, 2012 12:00am
Sony to invest $645 million in scandal-hit Olympus

Sony to invest $645 million in scandal-hit Olympus

Electronics giant Sony will invest 50 billion yen ($645 million) in scandal-tainted Olympus, the firms said Friday, as they both look to turn the page on disastrous chapters. The investment will make cash-bleeding Sony the single biggest shareholder in Ol
Published 29 Sep, 2012 12:00am