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Jan 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-03-01
Treasuries slip

Treasuries slip

The commitment to a stimulative monetary policy reiterated by Federal Reserve Chairman Ben Bernanke favoured riskier assets over safe-haven US debt, sending US bond prices lower on Wednesday. The fear of imminent US government spending cuts and uncertaint
Published 01 Mar, 2013 12:00am
Treasuries slip

Treasuries slip

The commitment to a stimulative monetary policy reiterated by Federal Reserve Chairman Ben Bernanke favoured riskier assets over safe-haven US debt, sending US bond prices lower on Wednesday. The fear of imminent US government spending cuts and uncertaint
Published 01 Mar, 2013 12:00am
South Korean shares hit two-month high

South Korean shares hit two-month high

South Korean shares hit a near two-month high on Thursday as investors' appetite for risk improved after US Federal Reserve Chairman Ben Bernanke reaffirmed his commitment to strong stimulus measures. The benchmark Korea Composite Stock Price Index (KOSPI
Published 01 Mar, 2013 12:00am
Indian shares fall to three-month lows

Indian shares fall to three-month lows

Indian shares fell on Thursday to three-month lows as state-run lenders declined after the government announced a higher-than-expected gross market borrowing target as part of its 2013/14 budget, raising concerns about liquidity in the banking system.
Published 01 Mar, 2013 12:00am
Wall Street gains on Bernanke comments, S&P above 1,500

Wall Street gains on Bernanke comments, S&P above 1,500

US stocks rose on Wednesday, with major indexes posting their best daily gains since early January, as Federal Reserve Chairman Ben Bernanke remained steadfast in supporting the Fed's stimulus policy and data pointed to economic improvement. In a second d
Published 01 Mar, 2013 12:00am
Thursday's midday trade: stocks rise, Dow record in sight

Thursday's midday trade: stocks rise, Dow record in sight

US stocks edged higher on Thursday with investors hard-pressed to lift indices to multi-year highs despite strong economic data. The US economy ticked up in the fourth quarter, reversing an earlier estimate showing contraction, and a drop in new claims fo
Published 01 Mar, 2013 12:00am
Nikkei average climbs

Nikkei average climbs

Japan's Nikkei average climbed 2.7 percent on Thursday to post a seventh straight monthly rise, its longest such winning streak since 2006, underpinned by easing concerns over political turmoil in Italy and upbeat US economic data. The Nikkei rose 305.39
Published 01 Mar, 2013 12:00am
US economy barely expands in fourth quarter, brighter days ahead

US economy barely expands in fourth quarter, brighter days ahead

The US economy barely grew in the fourth quarter as the military slashed spending and companies restocked their shelves with less gusto, but growth already appears to be picking up. The Commerce Department said on Thursday the economy expanded at a 0.1 pe
Published 01 Mar, 2013 12:00am
German inflation slows to two-and-half years low in February

German inflation slows to two-and-half years low in February

Inflation in Germany, Europe's biggest economy, slowed to its lowest level in two and half years in February, official data showed on Thursday. The cost of living in Germany increased by 1.5 percent on a 12-month basis this month, down from 1.7 percent in
Published 01 Mar, 2013 12:00am
China levies dumping duties on imported European chemicals

China levies dumping duties on imported European chemicals

China has imposed preliminary anti-dumping duties on imports of a chemical produced in the European Union, the Commerce Ministry said on Thursday, in the latest trade restrictions to emerge as China decries growing global protectionism. Europe and the Uni
Published 01 Mar, 2013 12:00am
RBS moves closer to UK government stake sale

RBS moves closer to UK government stake sale

Royal Bank of Scotland has reported its strongest underlying profit since the financial crisis, potentially paving the way for Britain to sell its 82 percent stake if some big hurdles are overcome. The bank had to be rescued in a 45.5 billion pound ($68.9
Published 01 Mar, 2013 12:00am
RBS moves closer to UK government stake sale

RBS moves closer to UK government stake sale

Royal Bank of Scotland has reported its strongest underlying profit since the financial crisis, potentially paving the way for Britain to sell its 82 percent stake if some big hurdles are overcome. The bank had to be rescued in a 45.5 billion pound ($68.9
Published 01 Mar, 2013 12:00am
Italy faces worst six months in 50 years

Italy faces worst six months in 50 years

The head of Italy's main business federation warned in an interview on Thursday that the next six months will be the worst for the country in 50 years as the economic crisis reaches its peak. "The next six months will be terrible, the worst in 50 years,"
Published 01 Mar, 2013 12:00am
Japan government taps Kuroda for BoJ

Japan government taps Kuroda for BoJ

Prime Minister Shinzo Abe nominated an advocate of aggressive policy action to head the Bank of Japan, challenging the opposition to back his push for radical action as officials warned that a nascent economic upturn could easily be derailed.
Published 01 Mar, 2013 12:00am
Eye on election, India surprises with spending surge

Eye on election, India surprises with spending surge

India unveiled a surge in government spending on Thursday, despite expectations of an austerity budget to shore up its finances, imposing new taxes on the rich and large companies to fund a dash for growth ahead of an election due by next year. The extent
Published 01 Mar, 2013 12:00am
US 'sequester' cuts to hit US, global growth: IMF

US 'sequester' cuts to hit US, global growth: IMF

The broad US "sequester" spending cuts that take effect beginning Friday will slow growth in the world's biggest economy and hit the global economy, the International Monetary Fund said Thursday. "There will be an impact on global growth," IMF spokesman B
Published 01 Mar, 2013 12:00am
US 'sequester' cuts to hit US, global growth: IMF

US 'sequester' cuts to hit US, global growth: IMF

The broad US "sequester" spending cuts that take effect beginning Friday will slow growth in the world's biggest economy and hit the global economy, the International Monetary Fund said Thursday. "There will be an impact on global growth," IMF spokesman B
Published 01 Mar, 2013 12:00am
Spain's economy shrinks under debt pressure

Spain's economy shrinks under debt pressure

The Spanish economy shrank for the sixth straight quarter from October to December 2012, data showed on Thursday, hampering government efforts to slash the public deficit and reverse job destruction. The economy contracted 1.4 percent in 2012 from a year
Published 01 Mar, 2013 12:00am
Cotton prices continue to make gains

Cotton prices continue to make gains

Cotton prices rose further this week and remained on a higher trajectory. Particularly, there is a shortage of good quality lint in the domestic market. Because the paucity of good grade cottons has increased in Sindh, spinners are making more purchases o
Published 01 Mar, 2013 12:00am
Cotton prices continue to make gains

Cotton prices continue to make gains

Cotton prices rose further this week and remained on a higher trajectory. Particularly, there is a shortage of good quality lint in the domestic market. Because the paucity of good grade cottons has increased in Sindh, spinners are making more purchases o
Published 01 Mar, 2013 12:00am
Trade activity improves on higher rates

Trade activity improves on higher rates

Trading activity improved on the cotton market on Thursday as a result of continued rise in prices, dealers said. The official spot rate was up by Rs 50 to Rs 6,450, dealers said. Seed cotton prices in Sindh were unchanged at Rs 2,300-2,900 and in Punjab,
Published 01 Mar, 2013 12:00am
Oil cake market rates

Oil cake market rates

Easier trend was witnessed on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The March vaida ended at Rs 902.8, it started with a fall of 50 paisa at Rs 902.2 in the morning session, dealers said. The May contr
Published 01 Mar, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 67,405 tonnes of cargo comprising 51,243 tonnes of import cargo and 16,162 tonnes of export cargo including 1,817 loaded and empty containers during the last 24 hours ended at 0700 hours on Thursday.
Published 01 Mar, 2013 12:00am
Soyabean export premiums steady

Soyabean export premiums steady

Soyabean export premiums at the US Gulf Coast held mostly steady on Wednesday, underpinned by solid demand from China and other importers, traders said. USDA confirmed private sales of 120,000 tonnes old-crop US soyabeans to unknown destinations and 120,0
Published 01 Mar, 2013 12:00am
Ukraine's grain exports rise to 17.6 million tonnes

Ukraine's grain exports rise to 17.6 million tonnes

Ukraine's grain exports rose to 17.6 million tonnes so far in the 2012/13 season from 12.9 million tonnes in the same period of the 2011/12 season, the Agriculture Ministry said on Wednesday. The ministry said in a note the volume included 9.0 million ton
Published 01 Mar, 2013 12:00am
Guwar rates up on grain market

Guwar rates up on grain market

Guwar prices were higher on the wholesale grain market on Thursday due to tight supply position, dealers said. On the cereals sector, Guwar Sindh low type picked up Rs 500 to Rs 1300 while the best type retained overnight levels, Guwar from Punjab low typ
Published 01 Mar, 2013 12:00am
Dyes items edge up on Jodia Bazaar

Dyes items edge up on Jodia Bazaar

The trading in dyes items edged up on Jodia Bazaar here on Thursday. The following changes were noted.
Published 01 Mar, 2013 12:00am
New York cotton

New York cotton

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

Published 01 Mar, 2013 12:00am
New York cotton

New York cotton

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

Published 01 Mar, 2013 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 01 Mar, 2013 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 01 Mar, 2013 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 Thursday (February 28, 2013).

Published 01 Mar, 2013 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 Thursday (February 28, 2013).

Published 01 Mar, 2013 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 Thursday (February 28, 2013).

Published 01 Mar, 2013 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 Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 28, 2013).
Published 01 Mar, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
34 killed in Bangladesh after Jamaat-i-Islami leader ordered hanged

34 killed in Bangladesh after Jamaat-i-Islami leader ordered hanged

At least 34 people were killed in Bangladesh in a wave of violence on Thursday as Islamists reacted furiously to a ruling that one of their leaders must hang for war crimes. At least 23 of them were shot in clashes between police and protesters that erupt
Published 01 Mar, 2013 12:00am
34 killed in Bangladesh after Jamaat-i-Islami leader ordered hanged

34 killed in Bangladesh after Jamaat-i-Islami leader ordered hanged

At least 34 people were killed in Bangladesh in a wave of violence on Thursday as Islamists reacted furiously to a ruling that one of their leaders must hang for war crimes. At least 23 of them were shot in clashes between police and protesters that erupt
Published 01 Mar, 2013 12:00am
Simple FED slabs for cigarettes finalised

Simple FED slabs for cigarettes finalised

A very simple Federal Excise Duty (FED) structure for levying duty on cigarettes has been finalised by the Federal Board of Revenue (FBR). Under first proposed slab, if retail price exceeds Rs 50 for 20 cigarettes, rate of the FED would be 65 percent of t
Published 01 Mar, 2013 12:00am
Simple FED slabs for cigarettes finalised

Simple FED slabs for cigarettes finalised

A very simple Federal Excise Duty (FED) structure for levying duty on cigarettes has been finalised by the Federal Board of Revenue (FBR). Under first proposed slab, if retail price exceeds Rs 50 for 20 cigarettes, rate of the FED would be 65 percent of t
Published 01 Mar, 2013 12:00am
Simple FED slabs for cigarettes finalised

Simple FED slabs for cigarettes finalised

A very simple Federal Excise Duty (FED) structure for levying duty on cigarettes has been finalised by the Federal Board of Revenue (FBR). Under first proposed slab, if retail price exceeds Rs 50 for 20 cigarettes, rate of the FED would be 65 percent of t
Published 01 Mar, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
Recruitment ban also covers regulatory bodies: ECP

Recruitment ban also covers regulatory bodies: ECP

The Election Commission of Pakistan (ECP) recently imposed a ban on all kind of fresh recruitments in federal and provincial governments while regulatory bodies or regulators were not exempt from the ban, an official of the commission said. Sources told <
Published 01 Mar, 2013 12:00am
Recruitment ban also covers regulatory bodies: ECP

Recruitment ban also covers regulatory bodies: ECP

The Election Commission of Pakistan (ECP) recently imposed a ban on all kind of fresh recruitments in federal and provincial governments while regulatory bodies or regulators were not exempt from the ban, an official of the commission said. Sources told <
Published 01 Mar, 2013 12:00am
PSM scam probe: Minister tenders apology

PSM scam probe: Minister tenders apology

Federal Interior Minister Rehman Malik Thursday submitted before the Supreme Court a written apology for interfering in the investigation of Rs 26 billion Pakistan Steel Mills (PSM) scam. In his unconditional apology, Malik stated that he always respected
Published 01 Mar, 2013 12:00am
PSM scam probe: Minister tenders apology

PSM scam probe: Minister tenders apology

Federal Interior Minister Rehman Malik Thursday submitted before the Supreme Court a written apology for interfering in the investigation of Rs 26 billion Pakistan Steel Mills (PSM) scam. In his unconditional apology, Malik stated that he always respected
Published 01 Mar, 2013 12:00am
PSM scam probe: Minister tenders apology

PSM scam probe: Minister tenders apology

Federal Interior Minister Rehman Malik Thursday submitted before the Supreme Court a written apology for interfering in the investigation of Rs 26 billion Pakistan Steel Mills (PSM) scam. In his unconditional apology, Malik stated that he always respected
Published 01 Mar, 2013 12:00am
Zardari finally visits Quetta, meets Hazaras

Zardari finally visits Quetta, meets Hazaras

President Asif Ali Zardari on Thursday reiterated the commitment of the government to curb militancy and sectarianism with an iron hand and would chase the killers of innocent people in Balochistan and elsewhere till they were brought to justice. "The fig
Published 01 Mar, 2013 12:00am
Zardari finally visits Quetta, meets Hazaras

Zardari finally visits Quetta, meets Hazaras

President Asif Ali Zardari on Thursday reiterated the commitment of the government to curb militancy and sectarianism with an iron hand and would chase the killers of innocent people in Balochistan and elsewhere till they were brought to justice. "The fig
Published 01 Mar, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
JUI-F APC also for talks with Taliban

JUI-F APC also for talks with Taliban

Members of an All Parties' Conference (APC) called by Jamiat Ulema-e-Islam-Fazl (JUI-F) on Thursday urged a 'grand jirga' of tribal elders to kick start dialogue with Taliban under the guidance of the political and religious leadership in a bid to root ou
Published 01 Mar, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
JUI-F APC also for talks with Taliban

JUI-F APC also for talks with Taliban

Members of an All Parties' Conference (APC) called by Jamiat Ulema-e-Islam-Fazl (JUI-F) on Thursday urged a 'grand jirga' of tribal elders to kick start dialogue with Taliban under the guidance of the political and religious leadership in a bid to root ou
Published 01 Mar, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
POL prices raised by Rs 4.35 per litre

POL prices raised by Rs 4.35 per litre

The government on Thursday increased prices of petroleum products in a range between Rs 3.53 and Rs 4.35 per litre and the revised prices would be effective from Friday (today). According to a notification issued by the Oil and Gas Regulatory Authority af
Published 01 Mar, 2013 12:00am
POL prices raised by Rs 4.35 per litre

POL prices raised by Rs 4.35 per litre

The government on Thursday increased prices of petroleum products in a range between Rs 3.53 and Rs 4.35 per litre and the revised prices would be effective from Friday (today). According to a notification issued by the Oil and Gas Regulatory Authority af
Published 01 Mar, 2013 12:00am
POL prices raised by Rs 4.35 per litre

POL prices raised by Rs 4.35 per litre

The government on Thursday increased prices of petroleum products in a range between Rs 3.53 and Rs 4.35 per litre and the revised prices would be effective from Friday (today). According to a notification issued by the Oil and Gas Regulatory Authority af
Published 01 Mar, 2013 12:00am
EU clinches deal to cap bankers' bonuses

EU clinches deal to cap bankers' bonuses

A new cap on bankers' bonuses agreed overnight in Brussels was hailed by its supporters as a breakthrough to rein in the financial sector, but dismissed by critics as a reckless move that would drive bankers abroad or force up their base pay. Bankers in E
Published 01 Mar, 2013 12:00am
EU clinches deal to cap bankers' bonuses

EU clinches deal to cap bankers' bonuses

A new cap on bankers' bonuses agreed overnight in Brussels was hailed by its supporters as a breakthrough to rein in the financial sector, but dismissed by critics as a reckless move that would drive bankers abroad or force up their base pay. Bankers in E
Published 01 Mar, 2013 12:00am
EU clinches deal to cap bankers'' bonuses

EU clinches deal to cap bankers'' bonuses

A new cap on bankers'' bonuses agreed overnight in Brussels was hailed by its supporters as a breakthrough to rein in the financial sector, but dismissed by critics as a reckless move that would drive bankers abroad or force up their base pay. Bankers in
Published 01 Mar, 2013 12:00am
Asia has the world's most billionaires: survey

Asia has the world's most billionaires: survey

Asia has more billionaires than any other continent, a survey by a China-based wealth magazine showed on Thursday, apparently overtaking North America for the first time. There were 1,453 people around the world with a personal wealth of $1 billion or mor
Published 01 Mar, 2013 12:00am
Asia has the world's most billionaires: survey

Asia has the world's most billionaires: survey

Asia has more billionaires than any other continent, a survey by a China-based wealth magazine showed on Thursday, apparently overtaking North America for the first time. There were 1,453 people around the world with a personal wealth of $1 billion or mor
Published 01 Mar, 2013 12:00am
Asia has the world''s most billionaires: survey

Asia has the world''s most billionaires: survey

Asia has more billionaires than any other continent, a survey by a China-based wealth magazine showed on Thursday, apparently overtaking North America for the first time. There were 1,453 people around the world with a personal wealth of $1 billion or mor
Published 01 Mar, 2013 12:00am
Another bull-run

Another bull-run

One more bull-run session was witnessed at Karachi Stock Market on Thursday and the benchmark KSE-100 index gained 92.76 points with reaching at all-time-high level of 18,173.67 from 18,080.91 on a day earlier. "KSE-100 closed all time high led by selecte
Published 01 Mar, 2013 12:00am
Another bull-run

Another bull-run

One more bull-run session was witnessed at Karachi Stock Market on Thursday and the benchmark KSE-100 index gained 92.76 points with reaching at all-time-high level of 18,173.67 from 18,080.91 on a day earlier. "KSE-100 closed all time high led by selecte
Published 01 Mar, 2013 12:00am
Another bull-run

Another bull-run

One more bull-run session was witnessed at Karachi Stock Market on Thursday and the benchmark KSE-100 index gained 92.76 points with reaching at all-time-high level of 18,173.67 from 18,080.91 on a day earlier. "KSE-100 closed all time high led by selecte
Published 01 Mar, 2013 12:00am
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