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Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-02-05
Gauge of US business investment plans edges lower

Gauge of US business investment plans edges lower

A gauge of US business investment plans dropped in December, a possible sign companies were losing confidence in the economy's strength due to fears over tighter fiscal policy. The data released on Monday by the Commerce Department also gave some positive
Published 05 Feb, 2013 12:00am
India's rice exports to fall this year

India's rice exports to fall this year

India's rice exports look likely to fall about a quarter this year as it faces one-off cost spikes and rivals such as Vietnam, Pakistan and Myanmar sell at a discount of $35 to $50 a tonne, traders said. India, the world's biggest rice producer after Chin
Published 05 Feb, 2013 12:00am
EU leaders look for ways to rescue budget summit

EU leaders look for ways to rescue budget summit

Europe's leaders struggled on Monday to rescue summit talks on the EU's trillion-euro budget, with Italy and Germany on a collision course over cuts demanded by Britain, and France warning of a breakdown in negotiations. "The negotiations are very difficu
Published 05 Feb, 2013 12:00am
Irish exchequer swings to rare surplus on bank sale

Irish exchequer swings to rare surplus on bank sale

Ireland's exchequer recorded a rare surplus in January after the government sold of 1 billion euros ($1.4 billion) of debt in part state-owned Bank of Ireland, the country's finance ministry said on Monday. The sale of contingent capital notes at a slight
Published 05 Feb, 2013 12:00am
Britain needs coherent strategy to be energy efficient: Prime Minister

Britain needs coherent strategy to be energy efficient: Prime Minister

Britain needs a single coherent strategy to become the most energy-efficient country in Europe, Prime Minister David Cameron said in one of his strongest speeches on the value of a low-carbon economy on Monday. Cameron spoke at the launch of a new program
Published 05 Feb, 2013 12:00am
Global consumer confidence dips, Indians still most optimistic

Global consumer confidence dips, Indians still most optimistic

Global consumer confidence dipped at the end of last year, a survey showed on Monday, and more than 60 percent of respondents said the next 12 months would not be a good time to spend. Concerns about US budget talks, which have since eased, and worries ab
Published 05 Feb, 2013 12:00am
OECD urges Germany to take in more migrant workers

OECD urges Germany to take in more migrant workers

Germany will need a big increase in skilled immigrant labour in coming years, from both inside and outside the European Union, to make up for the ageing of its workforce, the OECD said on Monday. Germany's policy on highly skilled immigrants is one of the
Published 05 Feb, 2013 12:00am
Europe removes agriculture barriers to US trade talks

Europe removes agriculture barriers to US trade talks

The European Union dropped its ban on some US meat imports on Monday in a gesture aimed at starting talks on a free-trade pact that would encompass about half the world's economic output. Brussels and Washington want to deepen a relationship that accounts
Published 05 Feb, 2013 12:00am
Barclays announces departure of senior bank staff

Barclays announces departure of senior bank staff

Barclays on Monday said that its finance director and top legal expert had decided to leave the bank, as the British lender undergoes a shake-up in the wake of the Libor rate-rigging scandal. "Barclays has today announced that the Group Finance Director C
Published 05 Feb, 2013 12:00am
Shanghai copper surges

Shanghai copper surges

Copper futures in Shanghai rallied to four-month peaks on Monday, boosted by brightening prospects for global demand after a string of reports last week showed industrial activity ramping up in the world's top two economies. The most active May contract o
Published 05 Feb, 2013 12:00am
Australian dream gets costly as cities outprice Europe, US

Australian dream gets costly as cities outprice Europe, US

The cost of living the Australian dream has surged with Sydney and Melbourne among the five most expensive cities in the world, outstripping most European and US locations, according to an annual survey released on Monday. Asia and Australasia account for
Published 05 Feb, 2013 12:00am
Commerzbank warns of more charges, posts quarterly loss

Commerzbank warns of more charges, posts quarterly loss

Commerzbank posted a worse-than-expected quarterly loss on Monday that was saddled by heavy writedowns and said more charges would follow as it slashes up to 6,000 jobs. Germany's second-biggest bank revealed a fourth-quarter net loss of 720 million euros
Published 05 Feb, 2013 12:00am
Commerzbank warns of more charges, posts quarterly loss

Commerzbank warns of more charges, posts quarterly loss

Commerzbank posted a worse-than-expected quarterly loss on Monday that was saddled by heavy writedowns and said more charges would follow as it slashes up to 6,000 jobs. Germany's second-biggest bank revealed a fourth-quarter net loss of 720 million euros
Published 05 Feb, 2013 12:00am
Suicide bomber kills 22 in Iraq

Suicide bomber kills 22 in Iraq

A suicide bomber attacked a government-backed militia in Iraq on Monday, killing at least 22 people in an apparent attempt by Sunni insurgents to provoke unrest against Shia Prime Minister Nuri al-Maliki. Dressed in civilian clothes, the bomber infiltrate
Published 05 Feb, 2013 12:00am
Hungarian Railways trains women drivers for first time

Hungarian Railways trains women drivers for first time

Hungarian Railways (MAV) on Monday began training female train drivers for the first time in its 145-year history. "There is no coal to shovel or heavy weights to lift these days, which makes the job more suitable and attractive for women," MAV spokesman
Published 05 Feb, 2013 12:00am
Former Iran bank chief found with $70 million cheque

Former Iran bank chief found with $70 million cheque

The former head of Iran's central bank, Tahmasb Mazaheri, has been found in possession of a cheque worth 54 million euros ($70 million) by German authorities, the Bild am Sonntag weekly reported. Mazaheri, in charge of the central bank until 2008, was sea
Published 05 Feb, 2013 12:00am
British former minister faces jail after guilty plea

British former minister faces jail after guilty plea

Former British energy secretary Chris Huhne faces time behind bars after pleading guilty on Monday to perverting the course of justice by asking his then wife in 2003 to accept a penalty for a speeding offence he had committed. A senior member of the Libe
Published 05 Feb, 2013 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold ticked up on Monday but failed to climb above a recent narrow trading range as mostly upbeat US data took some shine off the precious metal, which withers when economic recovery gains traction. Recent upbeat economic data from key economies suggested
Published 05 Feb, 2013 12:00am
MQM opposes resolution to pay homage to Memon

MQM opposes resolution to pay homage to Memon

MQM on Monday opposed the tabling of a resolution which the Sindh Culture Minister, Sussui Palejo had moved to pay tribute to Sindhi intellectual, the late Sirajul Haq Memon. Two lawmakers of MQM - Syed Sardar Ahmed and Faisal Sabzwari outrightly rejected
Published 05 Feb, 2013 12:00am
Sindh University to remain closed today

Sindh University to remain closed today

The Sindh University (SU) Jamshoro and all its campuses will remain closed (today) on February 5, 2013 on account of Kashmir Solidarity Day. According to a circular issued here on Monday by the Registrar, Sindh University Jamshoro and its campuses will re
Published 05 Feb, 2013 12:00am
Children's role towards environment stressed

Children's role towards environment stressed

The younger generation has a constructive role to play with commitment towards the betterment of environment. Indus Motor and WWF through Pakistan Nature Carnival are providing the required awareness. This was stated by Minister for Environment Government
Published 05 Feb, 2013 12:00am
Whale fish dissected to ascertain death causes

Whale fish dissected to ascertain death causes

A number of national research institutes on Monday carried out dissection of the dead whale shark to ascertain causes behind the endangered marine specie's death, officials said.
Published 05 Feb, 2013 12:00am
Philanthropists urged to donate to NIMRA

Philanthropists urged to donate to NIMRA

The participants of the seminar on cancer have called upon the philanthropists to generously donate to NIMRA so that if could be able to carry out its noble cause of providing cancer treatment of poor and needy people of the province.
Published 05 Feb, 2013 12:00am
US MIDDAY: platinum rises

US MIDDAY: platinum rises

Platinum rose early on Monday after mostly upbeat US data signalled the economic recovery is gaining traction, with a soft earnings update from the world's biggest platinum miner and strong monthly US car sales reports adding to support.
Published 05 Feb, 2013 12:00am
US MIDDAY: soya rises

US MIDDAY: soya rises

US soyabeans climbed about 1 percent early on Monday to a seven-week high on steady export demand and unfavourable weather in South America slowed the harvest in northern Brazil and threatened crops in Argentina. Corn and wheat turned lower on concerns ab
Published 05 Feb, 2013 12:00am
Gold down in Europe

Gold down in Europe

Gold edged lower on Monday as investors exited positions after mostly upbeat US data signalled that the economic recovery is gaining traction, while a dip in stock markets and a stronger dollar added pressure. Platinum group metals outperformed, with pall
Published 05 Feb, 2013 12:00am
Robusta coffee falls, raw sugar consolidates

Robusta coffee falls, raw sugar consolidates

Robusta coffee futures on Liffe turned lower after surging to the highest level in more than three months on Monday as buying on supply concerns dried up, while raw sugar on ICE consolidated after reaching a three-week high. Arabica coffee futures on ICE
Published 05 Feb, 2013 12:00am
Palm oil rises on dry weather fears

Palm oil rises on dry weather fears

Malaysian palm oil futures edged up on Monday and posted a fourth straight session of gains, tracking higher soybeans and soyabean oil on persistent concerns over dry weather in Argentina. US soyabeans were trading near a six-week high despite scattered s
Published 05 Feb, 2013 12:00am
Tokyo rubber futures rise

Tokyo rubber futures rise

Benchmark Tokyo rubber futures rose 4.3 percent on Monday to a 10-month high as a weaker yen and strength in commodities and the stock market spurred buying. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for July delivery rose 9.8
Published 05 Feb, 2013 12:00am
Oil prices drop

Oil prices drop

Brent crude oil future prices dropped in tandem with equities on Monday as traders locked in profits after three weeks of gains that added around 10 percent to oil prices since the beginning of December. The selling came across markets, as the S&P 500 and
Published 05 Feb, 2013 12:00am
Copper prices rise

Copper prices rise

Copper rose on Monday as confidence in the outlook for growth increased after data pointed to strength in the US economy and a modest rebound in Chinese factory activity, but prices slipped from four-month highs as the dollar gained. Benchmark copper on t
Published 05 Feb, 2013 12:00am
Nawab of Kharan laid to rest

Nawab of Kharan laid to rest

Nawab of Kharan, Ameer Abdul Rehman Khan Nosherwani who died on Sunday was laid to rest in graveyard in his native area of Kharan. Family sources said on Monday that Nawab of Kharan was admitted to a private hospital in Karachi after suffering from ailmen
Published 05 Feb, 2013 12:00am
BRIndex30 gains 75.89 points

BRIndex30 gains 75.89 points

On Monday, BRIndex30 opened at 11,696.73 and remained positive throughout the trading session. It touched an intraday high of 11,819.98 and an intraday low of 11,737.12 and closed at 11,772.62 which was 75.89 points or 0.65 percent higher than previous cl
Published 05 Feb, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Feb, 2013 12:00am
Bullish trend prevails on LSE

Bullish trend prevails on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange on Monday and the equities registered gains amid improved trading turnover following fresh buying in select shares. The LSE-25 index gained 41.80 points to close at 4222.36 against 4180.56 of last
Published 05 Feb, 2013 12:00am
Bullish trend prevails on LSE

Bullish trend prevails on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange on Monday and the equities registered gains amid improved trading turnover following fresh buying in select shares. The LSE-25 index gained 41.80 points to close at 4222.36 against 4180.56 of last
Published 05 Feb, 2013 12:00am
ISE index down by 0.57 points

ISE index down by 0.57 points

Bears retuned in the driving seat on the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 0.57 points as the ISE Ten Index moved from 3,334.03 to 3,333.46 points. The overall turnove
Published 05 Feb, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 05 Feb, 2013 12:00am
ISE index down by 0.57 points

ISE index down by 0.57 points

Bears retuned in the driving seat on the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 0.57 points as the ISE Ten Index moved from 3,334.03 to 3,333.46 points. The overall turnove
Published 05 Feb, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Feb, 2013 12:00am
Dr Muhammad Ali Shah dies

Dr Muhammad Ali Shah dies

Advisor to Sindh Chief Minister on Sports and renowned orthopaedic surgeon, Dr Muhammad Ali Shah, died on Monday in the US, Aaj News reported. He was 67. Dr Shah was undergoing a process of chemotherapy at a hospital in Houston, Texas, where he suf
Published 05 Feb, 2013 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 05 Feb, 2013 12:00am
Dr Muhammad Ali Shah dies

Dr Muhammad Ali Shah dies

Advisor to Sindh Chief Minister on Sports and renowned orthopaedic surgeon, Dr Muhammad Ali Shah, died on Monday in the US, Aaj News reported. He was 67. Dr Shah was undergoing a process of chemotherapy at a hospital in Houston, Texas, where he suf
Published 05 Feb, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Feb, 2013 12:00am
US may use preemptive cyber strikes

US may use preemptive cyber strikes

A secret legal review has concluded the US president has the power to order preemptive cyber strikes if credible evidence suggests a major digital attack is imminent from abroad, a report said Monday. The New York Times, citing unnamed officials, said the
Published 05 Feb, 2013 12:00am
US may use preemptive cyber strikes

US may use preemptive cyber strikes

A secret legal review has concluded the US president has the power to order preemptive cyber strikes if credible evidence suggests a major digital attack is imminent from abroad, a report said Monday. The New York Times, citing unnamed officials, said the
Published 05 Feb, 2013 12:00am
DG PC told to revise Petroleum Policy 2012

DG PC told to revise Petroleum Policy 2012

The Ministry of Petroleum and Natural Resources has directed the Director General Petroleum Concession to revise Petroleum and Exploration Policy 2012, it is learnt. "There were a few flaws in the Petroleum and Exploration Policy 2012 and relevant authori
Published 05 Feb, 2013 12:00am
DG PC told to revise Petroleum Policy 2012

DG PC told to revise Petroleum Policy 2012

The Ministry of Petroleum and Natural Resources has directed the Director General Petroleum Concession to revise Petroleum and Exploration Policy 2012, it is learnt. "There were a few flaws in the Petroleum and Exploration Policy 2012 and relevant authori
Published 05 Feb, 2013 12:00am
DG PC told to revise Petroleum Policy 2012

DG PC told to revise Petroleum Policy 2012

The Ministry of Petroleum and Natural Resources has directed the Director General Petroleum Concession to revise Petroleum and Exploration Policy 2012, it is learnt. "There were a few flaws in the Petroleum and Exploration Policy 2012 and relevant authori
Published 05 Feb, 2013 12:00am
Government releases Rs 114.6 billion for PSDP projects

Government releases Rs 114.6 billion for PSDP projects

The Federal government has so far released Rs 114.6 billion for various development projects under its Public Sector Development Programmes (PSDP) against the total allocations of Rs 233 billion for the fiscal year 2012-13. According to the latest data re
Published 05 Feb, 2013 12:00am
Government releases Rs 114.6 billion for PSDP projects

Government releases Rs 114.6 billion for PSDP projects

The Federal government has so far released Rs 114.6 billion for various development projects under its Public Sector Development Programmes (PSDP) against the total allocations of Rs 233 billion for the fiscal year 2012-13. According to the latest data re
Published 05 Feb, 2013 12:00am
Government releases Rs 114.6 billion for PSDP projects

Government releases Rs 114.6 billion for PSDP projects

The Federal government has so far released Rs 114.6 billion for various development projects under its Public Sector Development Programmes (PSDP) against the total allocations of Rs 233 billion for the fiscal year 2012-13. According to the latest data re
Published 05 Feb, 2013 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

The rupee moved both ways on the currency market on Monday ahead of holiday on account of Kashmir Day, dealers said. The rupee drifted lower versus the dollar as it shed three paisa for buying at 97.76 and it also fell by four paisa for selling at 97.80,
Published 05 Feb, 2013 12:00am
Malala says she's 'getting better'

Malala says she's 'getting better'

Malala Yousufzai said she was "getting better day-by-day" in her first public statement released Monday. The 15-year-old said she had been given a "second life" to campaign for girls to have the right to go to school, in a video statement recorded before
Published 05 Feb, 2013 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

The rupee moved both ways on the currency market on Monday ahead of holiday on account of Kashmir Day, dealers said. The rupee drifted lower versus the dollar as it shed three paisa for buying at 97.76 and it also fell by four paisa for selling at 97.80,
Published 05 Feb, 2013 12:00am
Malala says she's 'getting better'

Malala says she's 'getting better'

Malala Yousufzai said she was "getting better day-by-day" in her first public statement released Monday. The 15-year-old said she had been given a "second life" to campaign for girls to have the right to go to school, in a video statement recorded before
Published 05 Feb, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 04, 2013).

Published 05 Feb, 2013 12:00am
Memorandum presented to CEC: PML(N)-led sit-in fails to cause big stir

Memorandum presented to CEC: PML(N)-led sit-in fails to cause big stir

Pakistan Muslim League (PML-N) and other opposition parties on Monday staged a token sit-in in front of parliament house and demanded of the Election Commission of Pakistan (ECP) to carryout fresh delimitation of constituencies and door-to-door verificati
Published 05 Feb, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 04, 2013).

Published 05 Feb, 2013 12:00am
Memorandum presented to CEC: PML(N)-led sit-in fails to cause big stir

Memorandum presented to CEC: PML(N)-led sit-in fails to cause big stir

Pakistan Muslim League (PML-N) and other opposition parties on Monday staged a token sit-in in front of parliament house and demanded of the Election Commission of Pakistan (ECP) to carryout fresh delimitation of constituencies and door-to-door verificati
Published 05 Feb, 2013 12:00am
Commission on new provinces: jurisdiction of court questioned

Commission on new provinces: jurisdiction of court questioned

The Lahore High Court on Monday directed law officer to appear before the court on February 06 with arguments on the jurisdiction of the court to hear petitions against formation of parliamentary commission that proposed creation of "Bahawalpur Janoobi Pu
Published 05 Feb, 2013 12:00am
Commission on new provinces: jurisdiction of court questioned

Commission on new provinces: jurisdiction of court questioned

The Lahore High Court on Monday directed law officer to appear before the court on February 06 with arguments on the jurisdiction of the court to hear petitions against formation of parliamentary commission that proposed creation of "Bahawalpur Janoobi Pu
Published 05 Feb, 2013 12:00am
22 Asian workers killed in UAE road accident

22 Asian workers killed in UAE road accident

A concrete truck on Monday slammed into a bus transporting Asian workers near Al-Ain city in the United Arab Emirates, killing 22 of them and injuring 24 others, police said. In the rush-hour accident, the truck crashed into the bus carrying 46 Asian work
Published 05 Feb, 2013 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 25th January, 2013.

Published 05 Feb, 2013 12:00am
22 Asian workers killed in UAE road accident

22 Asian workers killed in UAE road accident

A concrete truck on Monday slammed into a bus transporting Asian workers near Al-Ain city in the United Arab Emirates, killing 22 of them and injuring 24 others, police said. In the rush-hour accident, the truck crashed into the bus carrying 46 Asian work
Published 05 Feb, 2013 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 25th January, 2013.

Published 05 Feb, 2013 12:00am
APCNGA decides to reopen Sahiwal's CNG outlets from Thursday

APCNGA decides to reopen Sahiwal's CNG outlets from Thursday

The All Pakistan CNG Association (APCNGA) on Monday said gas load shedding despite normalisation of weather proves government's unsympathetic attitude towards masses reeling under multiple problems. Speaking to CNG operators and transporters from Sahiwal,
Published 05 Feb, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (February 04, 2013).

Published 05 Feb, 2013 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (February 04, 2013).

Published 05 Feb, 2013 12:00am
Qadri announces schedule of 'Inqalab marches'

Qadri announces schedule of 'Inqalab marches'

Chief of Tehrik-e-Minhajul Quran (TMQ) Dr Tahirul Qadri has announced schedule of rallies from February 15, which he said, is the second phase of his 'struggle for revolution.' He said the "Inqalab Marches" would be organised in six cities - Rawalpindi, F
Published 05 Feb, 2013 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (February 04, 2013).

Published 05 Feb, 2013 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (February 04, 2013).

Published 05 Feb, 2013 12:00am
Tributes paid to M A Majid

Tributes paid to M A Majid

Rich tributes were paid to veteran journalist M A Majid of the Dawn who had passed away recently in Karachi at the age of 79. A condolence reference was organised by the Dawn Unit of the Karachi Union of Journalists (KUJ) on Monday.
Published 05 Feb, 2013 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (February 04, 2013).

Published 05 Feb, 2013 12:00am
Rains to accrue Rs 15 billion benefit to agriculture sector

Rains to accrue Rs 15 billion benefit to agriculture sector

The ongoing widespread timely rains have given a benefit of at least Rs 15 billion to the farmers at a very critical stage of crops especially, wheat, grams, mustards, oil seeds, vegetables, fodder etc, agriculture expert and agronomist told Business R
Published 05 Feb, 2013 12:00am
Zardari for effective Pak-Afghan border management system

Zardari for effective Pak-Afghan border management system

President Asif Ali Zardari on Monday said that creation of enabling environment to facilitate trade and business activities between Pakistan and Afghanistan is of paramount importance for ensuring lasting peace in the region.
Published 05 Feb, 2013 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (February 04, 2013).

Published 05 Feb, 2013 12:00am
Neelum-Jhelum Project: TBM starts tunnelling

Neelum-Jhelum Project: TBM starts tunnelling

In yet another significant development, state-of-the-art Tunnel Boring Machine (TBM) has successfully started its operation on the 969 MW-Neelum Jhelum Hydropower Project located in Azad Jammu and Kashmir, said Wapda sources. With this development, Pakist
Published 05 Feb, 2013 12:00am
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