AGL 38.16 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 134.19 Increased By ▲ 5.22 (4.05%)
BOP 8.85 Increased By ▲ 1.00 (12.74%)
CNERGY 4.69 Increased By ▲ 0.03 (0.64%)
DCL 8.67 Increased By ▲ 0.35 (4.21%)
DFML 39.78 Increased By ▲ 0.84 (2.16%)
DGKC 85.15 Increased By ▲ 3.21 (3.92%)
FCCL 34.90 Increased By ▲ 1.48 (4.43%)
FFBL 75.60 Decreased By ▼ -0.11 (-0.15%)
FFL 12.74 Decreased By ▼ -0.08 (-0.62%)
HUBC 109.45 Decreased By ▼ -0.91 (-0.82%)
HUMNL 14.10 Increased By ▲ 0.09 (0.64%)
KEL 5.40 Increased By ▲ 0.25 (4.85%)
KOSM 7.75 Increased By ▲ 0.08 (1.04%)
MLCF 41.37 Increased By ▲ 1.57 (3.94%)
NBP 69.70 Decreased By ▼ -2.62 (-3.62%)
OGDC 193.62 Increased By ▲ 5.33 (2.83%)
PAEL 26.21 Increased By ▲ 0.58 (2.26%)
PIBTL 7.42 Increased By ▲ 0.05 (0.68%)
PPL 163.85 Increased By ▲ 11.18 (7.32%)
PRL 26.36 Increased By ▲ 0.97 (3.82%)
PTC 19.47 Increased By ▲ 1.77 (10%)
SEARL 84.40 Increased By ▲ 1.98 (2.4%)
TELE 7.99 Increased By ▲ 0.40 (5.27%)
TOMCL 34.05 Increased By ▲ 1.48 (4.54%)
TPLP 8.72 Increased By ▲ 0.30 (3.56%)
TREET 17.18 Increased By ▲ 0.40 (2.38%)
TRG 61.00 Increased By ▲ 4.96 (8.85%)
UNITY 28.96 Increased By ▲ 0.18 (0.63%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
BR100 10,786 Increased By 127.6 (1.2%)
BR30 32,266 Increased By 934.6 (2.98%)
KSE100 100,083 Increased By 813.5 (0.82%)
KSE30 31,193 Increased By 160.9 (0.52%)
Nov 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-12-28
Domestic cotton prices remain stable

Domestic cotton prices remain stable

As the domestic cotton season (August 2012 - July 2013) is advancing fast, dearth of quality numbers in the foreseeable future is keeping lint prices on a steady plane. It is projected that seedcotton (Kapas/Phutti) arrivals of about 11.7 million domestic
Published 28 Dec, 2012 12:00am
Domestic cotton prices remain stable

Domestic cotton prices remain stable

As the domestic cotton season (August 2012 - July 2013) is advancing fast, dearth of quality numbers in the foreseeable future is keeping lint prices on a steady plane. It is projected that seedcotton (Kapas/Phutti) arrivals of about 11.7 million domestic
Published 28 Dec, 2012 12:00am
BMW hit record sales in 2012

BMW hit record sales in 2012

German top-of-the-range carmaker BMW sold a record 1.8 million vehicles in 2012, chief financial officer Friedrich Eichiner said in a newspaper interview Thursday. "One of our goals for 2012 was to increase unit sales and achieve a new deliveries record.
Published 28 Dec, 2012 12:00am
BMW hit record sales in 2012

BMW hit record sales in 2012

German top-of-the-range carmaker BMW sold a record 1.8 million vehicles in 2012, chief financial officer Friedrich Eichiner said in a newspaper interview Thursday. "One of our goals for 2012 was to increase unit sales and achieve a new deliveries record.
Published 28 Dec, 2012 12:00am
Adidas sales topped record 14.5 billion euros

Adidas sales topped record 14.5 billion euros

German sportswear and equipment maker Adidas has achieved record sales of more than 14.5 billion euros ($19.3 billion) in 2012 and sales will rise further next year, its chief executive said Thursday. "In 2012, sales will be above 14.5 billion euros, we'v
Published 28 Dec, 2012 12:00am
Taiwan's Fubon to invest $1.03 billion in Chinese bank

Taiwan's Fubon to invest $1.03 billion in Chinese bank

Fubon, Taiwan's second-largest publicly listed financial group, said Thursday it plans to invest $6.45 billion yuan ($1.03 billion) to buy an 80 percent stake in China's First Sino Bank. Fubon Financial Holding said in a statement it would spend $5.65 bil
Published 28 Dec, 2012 12:00am
Taiwan's Fubon to invest $1.03 billion in Chinese bank

Taiwan's Fubon to invest $1.03 billion in Chinese bank

Fubon, Taiwan's second-largest publicly listed financial group, said Thursday it plans to invest $6.45 billion yuan ($1.03 billion) to buy an 80 percent stake in China's First Sino Bank. Fubon Financial Holding said in a statement it would spend $5.65 bil
Published 28 Dec, 2012 12:00am
Worst of euro crisis is over: German minister

Worst of euro crisis is over: German minister

The worst of the eurozone sovereign debt crisis is over, German Finance Minister Wolfgang Schaeuble has said in an interview to be published on Friday. Schaeuble said governments in heavily indebted countries such as Greece have now recognised that the cr
Published 28 Dec, 2012 12:00am
Long-suffering Bankia shareholders set for more losses

Long-suffering Bankia shareholders set for more losses

Spain's Bankia will wipe out the investments of 350,000 shareholders, many of them small savers and pensioners, after it emerged that losses on bad loans at the troubled bank were even worse than expected. The measure will hit small investors drawn in by
Published 28 Dec, 2012 12:00am
Struggling Sudan opens new oil field

Struggling Sudan opens new oil field

Sudan on Thursday opened its second new oil field in a week, as the country struggles to make up for the loss of billions of dollars in oil revenues lost when South Sudan separated. "President (Omar) al-Bashir launches the actual production of Hadida oil
Published 28 Dec, 2012 12:00am
French jobless claims hit nearly 15-year high

French jobless claims hit nearly 15-year high

The number of people out of work in France rose by 0.9 percent in November, the 19th consecutive monthly rise, to hit a nearly 15-year high, piling pressure on Socialist President Francois Hollande to encourage job creation. Labour ministry data released
Published 28 Dec, 2012 12:00am
China's factory profit growth quickens

China's factory profit growth quickens

Annual growth of China's industrial profits quickened to 22.8 percent in November from October's 20.5 percent, official data showed on Thursday, reinforcing signs of a steady economic recovery thanks to pro-growth policies. Chinese industrial firms made 6
Published 28 Dec, 2012 12:00am
Volvo mulls Indian car plant in global sales drive

Volvo mulls Indian car plant in global sales drive

Swedish car maker Volvo said on Thursday it was studying the possibility of setting up a car manufacturing plant in India as part of a drive to nearly double global sales. The company, owned by Chinese group Geely Automobile, aims to increase world-wide s
Published 28 Dec, 2012 12:00am
Toyota in $1.1 billion deal with US owners over recalls

Toyota in $1.1 billion deal with US owners over recalls

Toyota said it had agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a series of mass recalls from the Japanese automaker. Toyota did not accept any blame but agreed to compensate owners who argued
Published 28 Dec, 2012 12:00am
Japan's top bank buys $743 million stake in Vietnam lender

Japan's top bank buys $743 million stake in Vietnam lender

Japan's biggest bank Mitsubishi UFJ on Thursday bought a 20 percent stake worth $743 million in state-owned VietinBank, the largest-ever merger or acquisition deal in Vietnam's banking sector. The deal aims to boost "support for Japanese companies operati
Published 28 Dec, 2012 12:00am
Japan's top bank buys $743 million stake in Vietnam lender

Japan's top bank buys $743 million stake in Vietnam lender

Japan's biggest bank Mitsubishi UFJ on Thursday bought a 20 percent stake worth $743 million in state-owned VietinBank, the largest-ever merger or acquisition deal in Vietnam's banking sector. The deal aims to boost "support for Japanese companies operati
Published 28 Dec, 2012 12:00am
Ford to invest $773 million in US, create 2,350 jobs

Ford to invest $773 million in US, create 2,350 jobs

US auto giant Ford said Thursday it will invest $773 million to expand factories across its home state of Michigan, generating 2,350 new jobs, part of a plan to add 12,000 jobs by 2015. The investment will help save an additional 3,240 jobs, it said.
Published 28 Dec, 2012 12:00am
US consumer sentiment weakens as fiscal crisis looms

US consumer sentiment weakens as fiscal crisis looms

US consumer confidence fell more than expected in December, hitting a four-month low as a looming fiscal crisis sapped what had been a growing sense of optimism about the economy. The report heightened concerns that a failure by Washington to avert planne
Published 28 Dec, 2012 12:00am
Indian shares fall

Indian shares fall

Indian shares fell as recent gainers such as Reliance Industries were hit by profit-booking, while IT stocks fell due to concerns about their outlooks on a day in which the expiry of derivatives led to record volumes in the futures and options (F&O) segme
Published 28 Dec, 2012 12:00am
Nikkei scales 21-month high

Nikkei scales 21-month high

The Nikkei share average ended at a 21-month high on Thursday, led by exporters and financials, as the new Japanese prime minister's vow to battle deflation and a strong currency buoyed investor risk appetite. The Nikkei advanced 0.9 percent to 10,322.98,
Published 28 Dec, 2012 12:00am
Thursday's midday trade: Dow falls more than one percent

Thursday's midday trade: Dow falls more than one percent

The Dow fell 1 percent as stocks added to losses on Thursday. The Nasdaq and S&P 500 earlier declined more than 1 percent, with worries about the US "fiscal cliff" after Senate Majority Leader Harry Reid warned the United States appeared poised to head ov
Published 28 Dec, 2012 12:00am
Wall Street drops

Wall Street drops

US stocks fell for a third straight day on Wednesday, dragged lower by retail stocks after a report showed consumers spent less in the holiday shopping season than last year. Trading was light, with volume at a mere 4.01 billion shares traded on the New Y
Published 28 Dec, 2012 12:00am
Egypt's bourse rebound; Gulf markets mixed

Egypt's bourse rebound; Gulf markets mixed

Egypt's bourse bounced from a nine-day low on Thursday, as foreign investors' buying interest continued to support stocks despite political instability and economic worries. Gulf markets were mixed amid a lack of positive catalysts. Cairo's benchmark inde
Published 28 Dec, 2012 12:00am
Treasuries gain

Treasuries gain

US Treasuries gained in price on Wednesday in light, post-Christmas trading, on chances of new volatility over fears about tax increases and spending cuts due to kick in as early as next week. A package of automatic federal tax hikes and spending cuts wor
Published 28 Dec, 2012 12:00am
Treasuries gain

Treasuries gain

US Treasuries gained in price on Wednesday in light, post-Christmas trading, on chances of new volatility over fears about tax increases and spending cuts due to kick in as early as next week. A package of automatic federal tax hikes and spending cuts wor
Published 28 Dec, 2012 12:00am
Hong Kong shares test fresh 17-month high; China snaps winning streak

Hong Kong shares test fresh 17-month high; China snaps winning streak

Hong Kong shares tested fresh 17-month intra-day highs in holiday-thinned Thursday trade, led by growth-sensitive Chinese counters as investors caught up on strong gains in mainland markets during the 2-1/2 day break taken for Christmas. But onshore Chine
Published 28 Dec, 2012 12:00am
US budget worries peg back European shares

US budget worries peg back European shares

Fresh concerns that the United States may fail to reach a deal to avoid growth-sapping fiscal measures weighed on European shares on Thursday, although most traders still felt an agreement would be reached. The pan-European FTSEurofirst 300 index closed b
Published 28 Dec, 2012 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks rose 0.2 percent on Thursday, with smartphone maker HTC rallying 6 percent amid local media reports that its new Butterfly phones have triggered stronger-than-expected demand in Japan. The main TAIEX index closed 14.22 points higher at 7,648
Published 28 Dec, 2012 12:00am
Southeast Asian stocks mostly up

Southeast Asian stocks mostly up

Southeast Asian stock markets posted small gains after a subdued session on Thursday amid cautions about a resolution to the US fiscal cliff, but the Philippines bucked the trend on losses in recent rallying large caps such as SM Investments Corp.
Published 28 Dec, 2012 12:00am
Seoul shares up

Seoul shares up

Seoul shares inched up in thin trade on Thursday, as investor hopes for progress in US fiscal talks offset the effect of stocks going ex-dividend. The Korea Composite Stock Price Index (KOSPI) closed up 0.26 percent at 1,987.35 points. Although stocks wen
Published 28 Dec, 2012 12:00am
UK's top share index ends flat

UK's top share index ends flat

Britain's top share index closed flat on Thursday after comments from a top US lawmaker in US budget negotiations sparked a sell-off in shares, which had been boosted by a recovery in Chinese industrial data. The UK market reopened after the Christmas hol
Published 28 Dec, 2012 12:00am
Yuan ends down

Yuan ends down

China's yuan closed slightly lower against the dollar on Thursday following a busy afternoon session during which some bank clients settled foreign exchange positions before the end of the year. The yuan ended at 6.2360 per dollar from Wednesday's close o
Published 28 Dec, 2012 12:00am
Yen tumbles in Asia

Yen tumbles in Asia

The yen fell to its lowest level in more than two years against the dollar on Thursday, reflecting expectations that the new government of Prime Minister Shinzo Abe will push to weaken Japan's currency and implement aggressive stimulus. The dollar rose to
Published 28 Dec, 2012 12:00am
Yen hits two-year low in London

Yen hits two-year low in London

The yen fell to its lowest against the dollar in more than two years on Thursday, on expectations a new government in Tokyo will push for aggressive monetary stimulus and take steps to weaken the currency. The dollar rose to 85.87 yen on trading platform
Published 28 Dec, 2012 12:00am
Early trade in New York: yen hits over two years low

Early trade in New York: yen hits over two years low

The yen dropped to its lowest against the US dollar in more than two years on Thursday on expectations a new government in Tokyo will push for aggressive monetary stimulus to boost a sluggish economy and take steps to weaken the Japanese currency.
Published 28 Dec, 2012 12:00am
Yen plummets in New York

Yen plummets in New York

The yen tumbled to a more than two-year low against the dollar and a 16-month trough versus the euro on Wednesday after Japan's new prime minister repeated his vow to battle deflation and a strong Japanese currency. Expectations that Shinzo Abe, who took
Published 28 Dec, 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 Thursday. 79.75-79.90 (79.85-79.87). Call Money Rates: 07.75-09.00 percent (previous 7.25-10.70 percent).
Published 28 Dec, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell after two sessions of gains on Thursday, tracking lower stocks and as oil refiners bought dollars, with the local currency headed to end the year with losses. Concerns about slowing growth continue to dog the rupee's fortunes with po
Published 28 Dec, 2012 12:00am
Most Asian forex rise; peso leads

Most Asian forex rise; peso leads

The Philippine peso turned firmer after hitting a near six-week low against the dollar on Thursday on measures by the central bank to slow down the currency's appreciation. Other emerging Asian currencies also gained on exporters' demand for settlements a
Published 28 Dec, 2012 12:00am
Pound dips to eight-month low

Pound dips to eight-month low

Sterling dropped to an eight-month low against the euro on Thursday as UK economic concerns hurt the pound while the euro benefited from ebbing euro zone debt worries and year-end demand. The euro was last up 0.3 percent at 82.16 pence, having earlier hit
Published 28 Dec, 2012 12:00am
Tsonga has Grand Slam in sights

Tsonga has Grand Slam in sights

With a new coach in his corner, French star Jo-Wilfried Tsonga heads into a new year believing his maiden Grand Slam title is within reach. Ranked eighth in the world, the flamboyant Tsonga finds his path to Grand Slam glory blocked by three of the best p
Published 28 Dec, 2012 12:00am
Sharapova, Williams set to be fit for Brisbane

Sharapova, Williams set to be fit for Brisbane

Maria Sharapova and Serena Williams will be fit to play at the Brisbane International, which begins this weekend, after injury scares, organisers said on Thursday. French Open champion Sharapova pulled out of an exhibition match against Caroline Wozniacki
Published 28 Dec, 2012 12:00am
Ferguson escapes action over officials rant: FA

Ferguson escapes action over officials rant: FA

Manchester United manager Alex Ferguson will not be punished for his confrontation with the officials during his side's 4-3 win over Newcastle United, the Football Association said on Thursday. Ferguson berated referee Mike Dean and two of his assistants
Published 28 Dec, 2012 12:00am
Clarke breaks Ponting's record as Aussie take firm grip

Clarke breaks Ponting's record as Aussie take firm grip

Captain Michael Clarke trumped Ricky Ponting as Australia's highest run scorer in a calendar year with another century as his team clamped an iron grip on the second Test against Sri Lanka on Thursday. Clarke eclipsed Ponting's previous national record of
Published 28 Dec, 2012 12:00am
Walters double helps Stoke stun Liverpool

Walters double helps Stoke stun Liverpool

Jonathan Walters scored twice as Stoke beat Liverpool 3-1 in an entertaining affair under the lights at the Britannia Stadium on Wednesday. Steven Gerrard put Liverpool into an early lead from the spot but Walters replied almost immediately before Kenwyne
Published 28 Dec, 2012 12:00am
Lehmann rapped, fined for Samuels remarks

Lehmann rapped, fined for Samuels remarks

Brisbane Heat coach Darren Lehmann was Thursday officially reprimanded and slapped with a suspended fine by cricket officials after questioning the bowling action of West Indian Marlon Samuels. Cricket Australia said Lehmann was convicted of breaching the
Published 28 Dec, 2012 12:00am
Blackburn sack Berg after just 57 days

Blackburn sack Berg after just 57 days

Norwegian manager Henning Berg has been sacked as coach of Blackburn Rovers after only 57 days in the job, the Indian-owned English Championship club announced on Thursday. Berg signed a three-year contract on October 31 but he guided Blackburn to just on
Published 28 Dec, 2012 12:00am
'Bale one of world's best'

'Bale one of world's best'

Gareth Bale was hailed as one of the world's best players on Wednesday after a quickfire hat-trick steered Tottenham to a 4-0 win over Aston Villa. The Welsh international scored in the 61st, 73rd and 84th minutes at Villa Park as Tottenham went into four
Published 28 Dec, 2012 12:00am
SBP Twenty20 Cricket: Abid hits century as Habib Metro win

SBP Twenty20 Cricket: Abid hits century as Habib Metro win

Abid Mansoor's brilliant century helped Habib Metro Bank beat Bank Al-Habib by 35 runs in the 11th State Bank Governor's Cup Inter Banks' Twenty20 Cricket Tournament 2012-13, played at UBL Sports Complex, Karachi. UBL beat Burj Bank by seven wickets in a
Published 28 Dec, 2012 12:00am
US paper draws fire after publishing gun database

US paper draws fire after publishing gun database

A New York newspaper has sparked outrage by publishing a detailed map with thousands of names and addresses of gun permit holders in the wake of the Newtown school shooting. The publication came amid a heated debate over gun control revived after the Conn
Published 28 Dec, 2012 12:00am
CAR appeals for French help against rebels, Paris balks

CAR appeals for French help against rebels, Paris balks

The president of the Central African Republic appealed on Thursday for France and the United States to help push back rebels threatening his government and the capital, but Paris said its troops were only ready to protect French nationals. The exchanges c
Published 28 Dec, 2012 12:00am
Cabinet resignations deal setback for Morsi

Cabinet resignations deal setback for Morsi

An Islamist minister quit Egypt's government on Thursday, the second cabinet resignation this week, as President Mohamed Morsi tries to shore up his authority and gather support for unpopular austerity measures. An economic crisis and a battle over a new
Published 28 Dec, 2012 12:00am
Foreign activists enter Gaza on solidarity mission

Foreign activists enter Gaza on solidarity mission

A delegation of pro-Palestinian activists, mainly French and Egyptian, crossed into Gaza from Egypt on Thursday to deliver aid, after previous failed attempts. "I am very excited, very very happy, because this is the first time we succeeded in entering,"
Published 28 Dec, 2012 12:00am
Two dead as Malaysian floods subside

Two dead as Malaysian floods subside

Floods triggered by torrential rains in Malaysia claimed a second victim as waters started to subside, allowing thousands of evacuees to return home from relief centres, reports said Thursday. Fifteen-year-old Mohd Hamidi Abdul Hamid drowned while playing
Published 28 Dec, 2012 12:00am
Tea workers burn alive boss, wife in India

Tea workers burn alive boss, wife in India

Tea plantation workers torched the home of their boss, killing both him and his wife, following a labour dispute in the northeastern Indian state of Assam, officials said on Thursday. Around 1,000 workers at the privately-owned M.K.B. Tea Estate attacked
Published 28 Dec, 2012 12:00am
Snow buries parts of US Northeast, flights cancelled

Snow buries parts of US Northeast, flights cancelled

A powerful winter storm responsible for wind, snow, tornadoes and a flurry of traffic accidents battered the US Northeast on Thursday, cancelling hundreds of airline flights but also reviving what had been a snowless ski season. The storm dumped a foot (3
Published 28 Dec, 2012 12:00am
President's son apologises

President's son apologises

The Indian president's son landed himself in hot water with his own family on Thursday for denigrating women who took part in mass protests over a gang-rape as being middle-aged and caked in makeup. Abhijit Mukherjee, who is also a member of parliament, c
Published 28 Dec, 2012 12:00am
India rape protests fizzle, victim airlifted to Singapore

India rape protests fizzle, victim airlifted to Singapore

Police thwarted an attempt by activists on Thursday to rekindle mass protests in New Delhi over the gang rape and ferocious beating of a young woman, after the victim was airlifted to Singapore for specialist hospital care to save her life. Demonstrations
Published 28 Dec, 2012 12:00am
King's speech riles Belgian separatists

King's speech riles Belgian separatists

Belgium's king has angered separatists and some constitutional experts by making what they saw as a veiled criticism of the main political party in the Dutch-speaking north. King Albert II used his Christmas message to warn against "populist" political se
Published 28 Dec, 2012 12:00am
British boxer charged with killing US Marine in Thailand

British boxer charged with killing US Marine in Thailand

A British kickboxer who was extradited to Thailand could face the death penalty after being charged with the murder of an American on the resort island of Phuket, a court official said Thursday. Prosecutors allege Lee Aldhouse stabbed to death a 23-year-o
Published 28 Dec, 2012 12:00am
Storm leaves six dead in Philippines

Storm leaves six dead in Philippines

Tropical Storm Wukong left six people dead and two missing as it cut through the central Philippines, following devastating Typhoon Bopha that killed hundreds earlier this month, officials said Thursday. The toll from the latest storm was relatively low a
Published 28 Dec, 2012 12:00am
Iranian president sacks cabinet's sole woman

Iranian president sacks cabinet's sole woman

Iranian President Mahmoud Ahmadinejad has sacked Health Minister Marzieh Vahid Dastjerdi, the sole woman in his cabinet, state television reported on Thursday. The minister had proposed price hikes for a number of medicines due to the plunge of the Irania
Published 28 Dec, 2012 12:00am
Shanghai copper up

Shanghai copper up

The most-traded April copper contract on the Shanghai Futures Exchange closed up 0.7 percent to 57,550 yuan ($9,200) a tonne on Thursday. SHFE, China's only metals futures exchange, plans to open up to foreign institutions and develop options and other de
Published 28 Dec, 2012 12:00am
Copper moves up

Copper moves up

Copper rose to a one-week high in thin trade on Thursday, rebounding from falls in the previous session, as encouraging data from China reinforced signs of a recovery in the economy of the world's top metals consumer. Benchmark copper on the London Metal
Published 28 Dec, 2012 12:00am
Oil pulls back on US budget impasse worries

Oil pulls back on US budget impasse worries

Oil prices eased in choppy trading Thursday as unresolved US budget talks left open the possibility that looming mandated tax hikes and spending cuts could push the top oil-consuming economy into recession. Brent and US crude remained on track for weekly
Published 28 Dec, 2012 12:00am
New York cotton hits three-month high; pierces long-term resistance

New York cotton hits three-month high; pierces long-term resistance

Cotton pierced a long-term technical resistance to hit a fresh three-month high on Wednesday as speculative and light mill buying helped fuel a year-end rally. Cotton rose for a third straight session and the most-active March cotton contract on ICE Futur
Published 28 Dec, 2012 12:00am
Tokyo rubber futures stay up

Tokyo rubber futures stay up

Key Tokyo rubber futures rose for a fourth day in a row on Thursday, clearing 300 yen in a rally helped by speculation over buying by China early next year while rubber producers have agreed to keep curbing their exports by March. The most active rubber f
Published 28 Dec, 2012 12:00am
Wheat falls to six-month low

Wheat falls to six-month low

US wheat futures fell 2 percent and hit a six-month low on Wednesday in light technical trading, pressured by end-of-year positioning and a lack off export demand, traders said Corn and soybeans also sagged in holiday-thinned volume. Grain markets remaine
Published 28 Dec, 2012 12:00am
Palm oil climbs

Palm oil climbs

Malaysian palm oil futures climbed to a five-week high on Thursday on expectations for stronger demand and as monsoon-driven floods in the country's key producing regions sparked concerns of supply disruptions. Malaysian crude palm oil cargoes are likely
Published 28 Dec, 2012 12:00am
Cocoa falls to multi-month lows

Cocoa falls to multi-month lows

Cocoa futures extended their losses to set multi-month lows on Thursday on technical selling after falling below key 200-day moving averages, with the markets in both London and New York facing their first weak quarterly performance in a year. Raw sugar f
Published 28 Dec, 2012 12:00am
Gold rises in New York

Gold rises in New York

Gold edged higher on Wednesday as thin post-Christmas trading and anticipation that a US budget deal might be done before the end of the year supported bullion prices. In gold futures, the benchmark February contract on New York's COMEX settled up $1.20 a
Published 28 Dec, 2012 12:00am
Gold down in Asia

Gold down in Asia

Gold inched down in thin trade on Thursday, with investors keeping a close eye on talks between the White House and Congress to prevent the US economy from plunging into recession next year. Gold fell $3.08 an ounce to $1,656.41 by 0548 GMT. It has come o
Published 28 Dec, 2012 12:00am
Gold dips in Europe

Gold dips in Europe

Gold eased on Thursday, staying in sight of last week's four-month lows as investors focused on talks between the White House and Congress to prevent the US economy from plunging into recession next year. Republican House of Representatives Speaker John B
Published 28 Dec, 2012 12:00am
US MIDDAY: soya rises

US MIDDAY: soya rises

Chicago soyabeans edged higher on Thursday on expectations for a rebound in Chinese demand, adding to a big full-year gain, while wheat extended its fall to a new six-month low. Corn was down slightly after closing 1.6 percent lower in the previous sessio
Published 28 Dec, 2012 12:00am
US MIDDAY: gold slips

US MIDDAY: gold slips

Gold extended losses slightly after positive US jobs data on Thursday, and stayed in sight of last week's four-month lows as investors focused on talks to prevent the US economy from plunging into recession. The number of Americans filing new claims for u
Published 28 Dec, 2012 12:00am
AML chief says unity crucial for positive change

AML chief says unity crucial for positive change

All religio-political groups should unify well before the setting up of caretaker government, otherwise there is no hope for a positive change, chief of Awami Muslim League Shaikh Rashid Ahmed said on Thursday. He warned that fragmentation among religious
Published 28 Dec, 2012 12:00am
Imtiaz made new boss: services of Pral CEO Nasiruddin terminated

Imtiaz made new boss: services of Pral CEO Nasiruddin terminated

The Federal Board of Revenue has terminated the services of Chief Executive Officer Pakistan Revenue Automation (Pvt) Ltd - Pral Nasiruddin Khan with immediate effect and appointed Imtiaz Ahmad Khan (General Manager Pral) as new Chief Executive of the org
Published 28 Dec, 2012 12:00am
PPP leaders join PML-F

PPP leaders join PML-F

Chaudhry Imran and Rana Akhtar, both leaders of PPP from Lahore have announced the joining of Pakistan Muslim League Functional (PML-F) here on Thursday. Both the leaders along with few political friends met with Imtiaz Ahmed Shaikh, Secretary General of
Published 28 Dec, 2012 12:00am
Professor Ghafoor Ahmad laid to rest

Professor Ghafoor Ahmad laid to rest

Seasoned politician and Naib Amir of Jamaat-i-Islami (JI), Professor Ghafoor Ahmad was laid to rest at Sakhi Hassan graveyard on Thursday. The aged politician passed away the other day. He was 85. He was suffering poor health for the last two years. Chief
Published 28 Dec, 2012 12:00am
FBR consumes 86 percent of TA/DA budget in five months

FBR consumes 86 percent of TA/DA budget in five months

The Federal Board of Revenue (FBR) has spent about 86 percent of the budget (2012-2013) allocated for TA/DA of the tax officials, as Rs 8.3 million has already been consumed in the first five months (July-November) of 2012-13 against budgeted Rs 9.6 milli
Published 28 Dec, 2012 12:00am
BISP request: FIA declines to act against cellphone fraudsters

BISP request: FIA declines to act against cellphone fraudsters

The Federal Investigation Agency (FIA) says it has no authority to take stern action on the request of Benazir Income Support Program (BISP) against fraudsters fleecing unsuspecting people using deceptive tactics. Sources told Business Recorder her
Published 28 Dec, 2012 12:00am
Qadri's political activism a flag-bearer for political parties?

Qadri's political activism a flag-bearer for political parties?

Dr Tahir-ul-Qadri of Tehreek Minhaj-ul-Quran has emerged as a flag-bearer for political parties believed to be enjoying the blessings of the establishment under the guise of wiping out corruption and feudalism. Muttahida Qaumi Movement (MQM), which has a
Published 28 Dec, 2012 12:00am
FPCCI seeks to strengthen economic ties with Canada

FPCCI seeks to strengthen economic ties with Canada

Sheikh Haroon Rashid, Vice President FPCCI stated that FPCCI wants to promote and strengthen further the economic relations particularly through developing trade ties with Canada. He said this during a meeting with Jawad Qureshi, Analyst, South Asia, Gove
Published 28 Dec, 2012 12:00am
Institute of Engineers Pakistan holds 45th convention

Institute of Engineers Pakistan holds 45th convention

The 45th convention of Institute of Engineers Pakistan held at Institute of Engineers Pakistan Building Karachi. Renowned engineer scientist and Father of Atomic Technology to Pakistan and Muslim World Engr Dr A Q Khan inaugurated the event. The conventio
Published 28 Dec, 2012 12:00am
'Kinnow exporters may benefit from better ties with India'

'Kinnow exporters may benefit from better ties with India'

Not many Pakistanis realise that India is one of Pakistan's most important trading partners. It has been so for many years now, despite wars, terrorist attacks like Mumbai 2008, Kargil, and a host of other diplomatic and military misadventures, according
Published 28 Dec, 2012 12:00am
Teradata holds workshop for executives

Teradata holds workshop for executives

Teradata Corporation, the leading data analytic solutions company, announced that it has conducted a workshop for executives of major companies in the finance and corporate sector at a leading hotel. Stephen Brobst, Chief Technology Officer, Teradata Corp
Published 28 Dec, 2012 12:00am
PTA refuses to share SPA copy with TI Pakistan

PTA refuses to share SPA copy with TI Pakistan

Despite repeated requests, Pakistan Telecommunication Authority (PTA) not only refuses to handover copies of PTCL Sale Purchase Agreement (SPA) dated June 30 and revised agreement of 2006 to Transparency International Pakistan, but has also denied having
Published 28 Dec, 2012 12:00am
NBP launches Home Remittances services

NBP launches Home Remittances services

In line with its objective to facilitate overseas Pakistanis across the globe, NBP has launched its Home Remittances Services in collaboration with Placid Express from Malaysia. This collaboration has further enhanced NBP's outreach to provide fast, conve
Published 28 Dec, 2012 12:00am
Oil tanker berths at Byco's Single Point Mooring

Oil tanker berths at Byco's Single Point Mooring

Byco has achieved yet another historic milestone by bringing the first ever oil tanker of 70,000 metric tons to its newly established deep sea Single Point Mooring (SPM) facility constructed by Byco Terminal Pakistan Ltd, a Byco group company. Prime Minis
Published 28 Dec, 2012 12:00am
Duplex grey back paper board imports: NTC imposes anti-dumping duties

Duplex grey back paper board imports: NTC imposes anti-dumping duties

National Tariff Commission (NTC) on Thursday imposed definitive antidumping duties against dumped imports of One Side Coated Duplex Grey Back Paper Board originating in and/or exported from China, Indonesia, South Korea and Taiwan, according to a NTC noti
Published 28 Dec, 2012 12:00am
Walk

Walk

The District Administration of Hyderabad would conduct walk to pay tribute to the polio workers killed during the anti-polio campaign and to boost the morale of polio workers on Friday (today). This walk which would be participated by large number of gove
Published 28 Dec, 2012 12:00am
'Qadri ready to hold Awami parliament'

'Qadri ready to hold Awami parliament'

The negative reaction showed by the two leading political parties on the confidence reposed by people in Dr Tahir ul Qadri following his address at the historic meeting at Minar Pakistan is reflective of their nervousness and disappointment with the futur
Published 28 Dec, 2012 12:00am
Previous Day