News Archives for Print - 2013-03-02

Print - 2013-03-02

Dollar rises to six-month high versus majors in London

The dollar rose to a six-month high against a basket of currencies, buoyed by sharp gains against the euro on growing evidence the US economy is picking up even as the euro zone struggles. Traders said poor economic data in the euro zone, along with cooli

Published 02 Mar, 2013 12:00am

PPCBL extends Rs 2 billion loans for Rabi crops

Punjab Provincial Co-operative Bank Limited (PPCBL) issued Rs 2 billion agriculture loans for Rabi crops 2012-13 to 81,637 applicants through 11,177 co-operative societies till 27th February 2013, PPCBL Registrar Dr Arshad Mahmood said here on Friday.

Published 02 Mar, 2013 12:00am

FBR chief opens new customs office at Sialkot dry port

Chairman Federal Board of Revenue (FBR) Ali Arshed Hakeem on Friday said that "we are replacing manual system by electronic system for improving the efficiency of FBR and to control the malpractices in trade and commerce." Talking to media at Sialkot Dry

Published 02 Mar, 2013 12:00am

Sales tax evasion: investigations against five textile mills launched

Directorate General of Intelligence and Investigation (DGI&I) of the Federal Board of Revenue (FBR) has launched a comprehensive investigation into alleged corrupt sales tax practices by some textile mills. Sources in the DGI&I Lahore office told Busin

Published 02 Mar, 2013 12:00am

Qureshi greets new office-bearers

Pakistan Tehreek-e-Insaf (PTI) Vice Chairman, Shah Mahmood Qureshi has congratulated all the newly elected office-bearers of PTI on Friday and said that it was huge exercise that would further strengthen the party in future. He said the PTI leadership too
Published 02 Mar, 2013 12:00am

Value-added textile sector seeks withdrawal of 2 percent ST, 5 percent WHT

The value-added textile sector has announced to shutdown industries, if the Federal Board of Revenue (FBR) did not withdraw the two percent sales tax and five percent withholding tax (WHT). Addressing a joint press conference, representatives of all value
Published 02 Mar, 2013 12:00am

Girl students again clinch gold medals in Matric, Inter exams

The girls' students again clinched gold medals and awards for securing top positions in the annual examination of Secondary School Certificate (SSC) and intermediate level for 2012 session. In this regard, a ceremony was held for awarding gold medals and
Published 02 Mar, 2013 12:00am

'Recent hike in POL prices to stoke inflation'

Industrialists and traders, while rejecting the new increase in petroleum products' prices in the range of Rs 3.53 and Rs 4.35, said that oil was the lifeline of transport, agriculture, industrial sector and the recent hike in its prices would raise the c
Published 02 Mar, 2013 12:00am

PTCL launches Smart TV app for EVO customers

Pakistan Telecommunication Company Limited (PTCL) launched a standalone application enabling its EVO customers to access digital television service on their PCs, laptops and smartphones. The unique service of PTCL Smart TV PC application has brought Pakis
Published 02 Mar, 2013 12:00am

PTI condemns POL price hike

Pakistan Tahrik-e-Insaf (PTI) has on Friday rejected the recent increase in the prices of petroleum products. PTI leader Ahsan Rasheed said the incompetent rulers' decision of increasing the prices would have detrimental impact on the already poverty-stri
Published 02 Mar, 2013 12:00am

PPA criticises increase

The former Chairman of Pakistan Poultry Association (PPA) Abdul Basit has strongly criticised the massive increase in the POL prices and termed it as an anti-industry move. In a press statement here on Friday, Abdul Basit said that during its tenure, fede
Published 02 Mar, 2013 12:00am

Britain's downgrade

It was for the first time in the history of Britain that it suffered a sovereign ratings downgrade from a major agency on 22nd February, 2013 when the Moody's stripped the country of its coveted top-notch triple-A rating, dealing a major blow to Finance M
Published 02 Mar, 2013 12:00am

Pre-poll alliances

Unlike the past elections when political parties went into polls on their own strength and looked for coalition partners later, the advent of this election season has brought a flurry of activity focused on forging pre-poll alliances. The PPP has managed
Published 02 Mar, 2013 12:00am

Veracity in emerging political system

What if is a question that everyone is asking? What if the elections do not deliver, what if the next elections leave a lot to be expected? What if and what if many times over? William Morley Punshon puts it this way 'On some positions cowardice asks the
Published 02 Mar, 2013 12:00am

Benedict's resignation: Act of weakness or courage?

As Benedict XVI departed the Vatican for the last time as pope, believers and non-believers alike were left wondering whether his historic resignation represented a capitulation or a courageous break with the norm. The official newspaper of the Holy See,
Published 02 Mar, 2013 12:00am

Thailand faces battle to win over rebels: analysts

Thailand may have secured talks aimed at ending nine years of conflict in its Muslim-majority south, but analysts say the real battle lies ahead - overcoming mistrust and winning over young rebels. The gruelling conflict has left the population of the kin
Published 02 Mar, 2013 12:00am

'Gen Gorbachev'

In an article published in a newspaper on February 28, 2013, the writer aesthetically assembled an Urdu proverb 'Darya Ko Kuzey Mein Bund Karna' in his last sentence when he provoked the Gen whether he would like to be remembered as Gen Gorbachev by the h
Published 02 Mar, 2013 12:00am

Partly Facetious: Ibad good diplomat and negotiator

"Do you reckon he has learned a lesson?"
Published 02 Mar, 2013 12:00am

Brain Lesions: expert speaks about new technique

Head of the Neurosurgery Department, Jinnah Postgraduate Medical Centre Karachi, Professor Sattar Hashim, was invited to conduct CME (Continuing Medical Education) on "Gamma Knife Radio surgery in Brain Lesions" at LUMHS Jamshoro on 1st March 2013.
Published 02 Mar, 2013 12:00am

Subsidy on sugar export: TDAP begins receiving claims from exporters

With the issuance of notification regarding compensating inland freight cost to sugar exporters, Trade Development Authority of Pakistan (TDAP) has started receiving claims from exporters. According to sources, the authority has recently issued notificati
Published 02 Mar, 2013 12:00am

Conference identifies small business opportunities in Dadu

First International Conference on Business, Economics and Information Technology was held and inaugurated at Mohtarma Benazir Bhutto Shaheed Sindh University Campus Dadu to pave ways to lavishness and prosperity by availing of the opportunities in the sai
Published 02 Mar, 2013 12:00am

Government residences: Supreme Court seeks detailed report

The Supreme Court on Friday sought a detailed report from District and Sessions Judges Islamabad on pending adjudication of government residences in the capital of Pakistan. The court also issued directives to Housing Ministry to submit a list of all ille
Published 02 Mar, 2013 12:00am

HBL approves dividend payout

The Board of Directors of HBL Asset Management Limited, has approved a dividend payout of Rs 0.59 per unit from HBL Money Market Fund and Rs 0.52 per unit from HBL Islamic Money Market Fund for the year ending June 30, 2013. Unit Holders who have opted fo
Published 02 Mar, 2013 12:00am

Servis holds teacher training workshops

Servis Sales Corporation, Pakistan's leading footwear retailer, in partnership with the British Council conducted the teacher training workshops under its platform "Servis Fun and Learn". The objective was to train English language teachers from both publ
Published 02 Mar, 2013 12:00am

Beekeeping course begins from Monday

The Punjab Agriculture Department is arranging a week-long course on beekeeping from March 4, 2013 at beekeeping research institute Rawalpindi both for men and women. According to spokesman of the department basic objective of the course is to train those
Published 02 Mar, 2013 12:00am

KPT operations: 'unloading of coal dust may contaminate canola seeds'

Simultaneous unloading of coal dust and canola seeds worth $35 million in close proximity may cause cross-contamination at the East Wharf of the Karachi port, sources said on Friday. A coal-bearing vessel named Fareast Harmony, which is anchored at Berth
Published 02 Mar, 2013 12:00am

Ufone attracts potential employees at British Council Employers' Fair

British Council Employers' Fair concluded with its last event held in Islamabad after conducting one-day fairs in Karachi and Lahore. Ufone being the key participant remained the most sought after employer amongst the youth and students visiting the fair
Published 02 Mar, 2013 12:00am

USAID revamping financial structure of Discos

Multan Electric Power Company's (Mepco) Audit Committee and Board of Directors (BoD) Chairman met with representatives from the United States Agency for International Development (USAID) Power Distribution Programme, to consider adopting the recently comp
Published 02 Mar, 2013 12:00am

PHD awarded Ad Week Global Agency of the Year 2012

Ad week named PHD, part of Omnicom Media Group, Global Agency of the year 2012. Phd entered its 6th consecutive year of significant billings due to a number of high profile account wins such as Sony, Bentley, Hyatt(Digital), ANZ and global communications
Published 02 Mar, 2013 12:00am

US MIDDAY: gold cuts losses

Gold cut some of its earlier losses early on Friday but remained in negative territory as the dollar extended gains after positive economic data and ahead of impending US budget cuts. Gold struggled in tandem with losses in other commodities, with copper
Published 02 Mar, 2013 12:00am

US MIDDAY: soya drops

US soyabean futures dropped early on Friday along with falling crude oil prices, pressured by weaker-than expected economic data from China, traders said. The US Agriculture Department's announcement of another sale of US soya to the world's top buyer of
Published 02 Mar, 2013 12:00am

Gold drops in Europe

Gold dropped on Friday, extending a one-percent fall in the previous session that had seen the metal close February with its longest run of monthly losses in 16 years. The market struggled in league with losses in other commodities, with oil down one perc
Published 02 Mar, 2013 12:00am

Gold rises in New York

Gold hovered around $1,580 an ounce on Friday, supported by physical buying in China, but a strong dollar and waning investor interest threatened to further weaken the metal that just suffered its biggest monthly decline in nine months. Buying from China
Published 02 Mar, 2013 12:00am

Gold falls in New York

Gold fell more than 1 percent on Thursday, as gains in US equities and economic optimism sapped safe-haven demand for the precious metal, which ended February with its fifth straight monthly drop, the longest string of monthly declines since 1996. Bullion
Published 02 Mar, 2013 12:00am

Sugar tumbles

ICE raw sugar futures fell towards a 2-1/2 year low on Friday, as excess supply dragged on prices, while coffee was little changed and cocoa slipped. Raw sugar's front-month contract dipped to 17.61 cents a lb on Thursday, the lowest level for the front-m
Published 02 Mar, 2013 12:00am

Palm oil plunges

Malaysian palm oil futures fell to their lowest in more than six weeks on Friday, extending losses to an eighth straight session, as weak exports continued to weigh and investors turned cautious ahead of a key industry conference next week. Traders were c
Published 02 Mar, 2013 12:00am

Soya, corn and wheat up

US soyabeans futures rose 1.2 percent on Thursday as strong export demand spurred a wave of technical buying, traders said. Soyabean prices, which passed through key technical resistance points at the 30-day, 100-day and 200-day moving averages, benefited
Published 02 Mar, 2013 12:00am

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1300 GMT.
Published 02 Mar, 2013 12:00am

Tokyo rubber sinks three percent

Key Tokyo rubber futures lost 3 percent to over 2-month lows on Friday as selling from investment funds accelerated the pace of decline amid uncertainty over demand outlook. The benchmark Tokyo Commodity Exchange rubber contract for August delivery fell 8
Published 02 Mar, 2013 12:00am

Brent crude tumbles, erases 2013 gains

Brent crude prices fell to a six-week low below $110 per barrel on Friday, erasing all gains so far in 2013 as political gridlock in Washington triggered automatic US budget cuts, feeding fear about the economy in the world's largest oil consumer. Brent h
Published 02 Mar, 2013 12:00am

Copper hits three-month low

Copper fell to its lowest in more than three months on Friday, burdened by a strong dollar, cooling factory growth in major metals consumer China and worrying economic and political signals from Europe and the United States. China, the most closely watche
Published 02 Mar, 2013 12:00am

Shanghai copper falls

The most-traded June copper contract on the Shanghai Futures Exchange fell 1.68 percent to close at 56,730 yuan ($9,100) a tonne on Friday, having declined to its lowest in three months at 56,610 yuan a tonne.
Published 02 Mar, 2013 12:00am

New York cotton climbs to fresh nine-month high

Cotton spiked to a nine-month high on Thursday as strong weekly US export data indicated that recently high prices have not deterred demand and bullish speculators have been drawn back to the market. The most-active May cotton contract on ICE Futures US r
Published 02 Mar, 2013 12:00am

Death toll in Bangladesh clashes rises to 53

The number of people killed in clashes in Bangladesh over the conviction of Jamaat-i-Islami leaders for war crimes rose to 53 on Friday as fresh violence erupted. Two people were killed when hundreds of pro-government supporters and followers of the rival
Published 02 Mar, 2013 12:00am

Iraqi finance minister tells protesters he is resigning

Iraq's Sunni finance minister told a crowd of Sunni Muslim protesters on Friday he was resigning, after more than two months of demonstrations against the Shia-led government. The country's precarious sectarian balance has come under growing strain as Ira
Published 02 Mar, 2013 12:00am

Italian president rules out new vote as parties wrangle

President Giorgio Napolitano ruled out an early return to the polls on Friday as Italy's parties wrangled over how to form a government after this week's deadlocked election. Speaking during a state visit to Berlin, Napolitano said Italy needed a stable g
Published 02 Mar, 2013 12:00am

Dutch court jails Rwandan woman for incitement to genocide

A Dutch court sentenced a Rwandan-born woman to six years and eight months in jail on Friday for inciting genocide two decades ago. Judges said 66-year-old Yvonne Besabya, now a Dutch citizen, had stoked hatred against her ethnic Tutsi neighbours before R
Published 02 Mar, 2013 12:00am

Venezuela government mocks rumours over Chavez's death

Hugo Chavez's son-in-law mocked this week's crescendo of rumours that the Venezuelan president may be dead or dying from the cancer he has been treated for since mid-2011. "The launching of absurd and bizarre rumours by the right wing simply discredits th
Published 02 Mar, 2013 12:00am

US teen designs compact nuclear reactor

Eighteen-year-old Taylor Wilson has designed a compact nuclear reactor that could one day burn waste from old atomic weapons to power anything from homes and factories to space colonies. The American teen, who gained fame four years ago after designing a
Published 02 Mar, 2013 12:00am

Kerry to chide Turkish Prime Minister over Zionism comments

US Secretary of State John Kerry is expected to take Turkey's prime minister to task for describing Zionism as a crime against humanity, an attack on a key US ally that has overshadowed their talks on the crisis in neighbouring Syria. Kerry, on his first
Published 02 Mar, 2013 12:00am

Private US SpaceX rocket Falcon-9 launched

Private space firm SpaceX launched its Falcon-9 rocket from Cape Canaveral in Florida on Friday, carrying a resupply capsule to the International Space Station, NASA television showed. The rocket rapidly reached orbital altitude where it deployed the Drag
Published 02 Mar, 2013 12:00am

Finn to become new chief UN nuclear inspector

A senior Finnish nuclear official is to become new chief United Nations nuclear inspector in charge of monitoring Iran's disputed atomic activities and other sensitive issues, diplomats said on Friday. Tero Varjoranta, now head of Finland's Radiation and
Published 02 Mar, 2013 12:00am

Hundreds protest in Delhi over sex assault on schoolgirl

Hundreds of protesters clashed with police on Friday outside a New Delhi hospital where a seven-year-old girl who was sexually assaulted at school was admitted earlier in the day, police said. Angry youths hurled stones at buses and police, who then used
Published 02 Mar, 2013 12:00am

Glencore bartered with firm linked to Iran nuclear programme

Commodities giant Glencore supplied thousands of tons of alumina to an Iranian firm that has provided aluminium to Iran's nuclear programme, intelligence and diplomatic sources told Reuters. The previously undisclosed barter arrangement between Glencore,
Published 02 Mar, 2013 12:00am

Two US sailors jailed for Okinawa rape

Two US sailors who raped a Japanese woman in Okinawa last October were jailed on Friday for a crime that reignited long-smouldering anger against the American military in Japan. The Naha District Court in Okinawa said Seaman Christopher Browning, 24, shou
Published 02 Mar, 2013 12:00am

US man 'swallowed' alive by sink hole

A US man lying in his bed was swallowed up by a gaping sink hole that opened up under his room in a Florida town, officials said Friday. The yawning chasm opened up overnight as Jeff Bush, 36, slept in his bedroom sucking him into the hole at the home, wh
Published 02 Mar, 2013 12:00am

Chinese trader accused of busting Iran missile embargo

A Chinese businessman indicted in the United States over sales of missile parts to Iran is still making millions of dollars from the trade, say security officials who monitor compliance with Western and UN sanctions. These officials, speaking on condition
Published 02 Mar, 2013 12:00am

US, South Korea launch major joint exercises

Thousands of US troops converged on South Korea Friday for the start of annual joint military exercises, a report said, as tensions run high on the peninsula following North Korea's third nuclear test. A joint air, ground and naval field training exercise
Published 02 Mar, 2013 12:00am

14 killed in clash at Malaysia-Manila standoff

Twelve Filipinos and two Malaysian police officers died in a clash Friday that immediately raised the pressure on dozens of Philippine intruders who are pushing a claim to Malaysian territory. The followers of the little-known sultan of Sulu have been hol
Published 02 Mar, 2013 12:00am

British Prime Minister Cameron humiliated in election rout

British Prime Minister David Cameron was under pressure Friday after his Conservatives were beaten into third place in a key election by his scandal-hit coalition partners and a eurosceptic party. Cameron admitted it was a "disappointing" night for his pa
Published 02 Mar, 2013 12:00am

Taiwan former lieutenant jailed for leaking secrets to China

A former navy lieutenant was sentenced to three years in prison for leaking confidential military information to China, a court said Friday. Chien Ching-kuo, discharged from the navy in 2009, was convicted of leaking national secrets to a Chinese agent in
Published 02 Mar, 2013 12:00am

Bombings in Iraq kill at least 8

Bombings in Iraq, including two car bombs at a sheep market, killed at least eight people and wounded dozens more on Friday, security and medical officials said. Brigadier General Abdul Jalil al-Assadi, the police chief of Diwaniyah province, said the car
Published 02 Mar, 2013 12:00am

Scientists spot birth of giant planet

Astronomers using a powerful telescope in southern Chile said Thursday they have captured the first direct image of a protoplanet forming around another star, still embedded in thick gas and dust. An international team of researchers said the disc of gas
Published 02 Mar, 2013 12:00am

Djokovic reaches his 55th final

World number one Novak Djokovic extended his unbeaten run to 17 matches and put himself within one victory of regaining the Dubai Open title after an absorbing two-set tussle with former US Open champion Juan Martin Del Potro. The Serbian was again in rem
Published 02 Mar, 2013 12:00am

England collapse in New Zealand Test warm-up

England's top order collapsed to give a New Zealand XI hope of an unlikely victory on day three of a four-day warm-up match in Queenstown on Friday. After resuming their first innings on 224, the New Zealanders declared at seven for 349, with BJ Watling (
Published 02 Mar, 2013 12:00am

Mancini urges City to keep fighting

Manchester City manager Roberto Mancini has told his side "everything is possible" as they try to overhaul leaders Manchester United at the top of the Premier League table. Reigning champions City, currently second, could be 15 points adrift of their cros
Published 02 Mar, 2013 12:00am

Defending champ Hsieh out of Malaysian Open

Defending champion Hsieh Su Wei lost in the BMW Malaysian Open's quarter-finals Friday, going down 7-5, 6-2 to American wildcard Bethanie Mattek-Sands. The Taiwanese's defeat, coupled with seed number one Caroline Wozniacki's first-round loss on Wednesday
Published 02 Mar, 2013 12:00am

Alpine skiing: Maze hunts record, Weirather claims Super-G

Liechtenstein's Tina Weirather earned the first World Cup win of her career in Friday's Super-G as overall leader Tina Maze edged closer to Hermann Maier's points record. Weirather, from the tiny European principality, was the fastest down the Khandahar c
Published 02 Mar, 2013 12:00am

Giggs signs new one-year deal at Man United: club

Ryan Giggs, who is set to make his 1,000th appearance in senior football this weekend, has signed a new one-year contract at Manchester United, the club announced on Friday. The English Premier League leaders said the deal keeps the 39-year-old Wales wing
Published 02 Mar, 2013 12:00am

Rain washes out South Africa-Pakistan T20 clash

The first Twenty20 international between South Africa and Pakistan was abandoned because of rain at Kingsmead on Friday. Rain fell for most of the afternoon and was still falling at the scheduled time for the toss. Although the pitch area was covered ther
Published 02 Mar, 2013 12:00am

Japan welcomes IOC chief for Tokyo visit

The head of the committee tasked with evaluating bids for the 2020 Olympic games arrived in Japan on Friday as Tokyo readied to showcase its facilities. International Olympic Committee Vice President Craig Reedie, who leads the Evaluation Commission, was
Published 02 Mar, 2013 12:00am

GoalControl latest to receive FIFA green light

Germany company GoalControl became the fourth supplier of goal-line technology (GLT) to receive its FIFA licence, world football's governing body announced Friday. The GoalControl system utilises 14 high-speed cameras installed around the pitch that conti
Published 02 Mar, 2013 12:00am

Transfer bonanza ends as Russian clubs tighten belts

Russian Premier League clubs have stopped throwing their money around the international transfer market after last-year's impressive spree, showing greater restraint during the winter transfer window. Anzhi Makhachkala, financially backed by oil and metal
Published 02 Mar, 2013 12:00am

Ferrer, Nadal reach Acapulco semi-finals

Rafael Nadal's injury comeback gathered pace Thursday as the 11-time Grand Slam champion reached the semi-finals of the Mexican Open and inched closer to a possible title showdown with fellow Spaniard David Ferrer. Nadal, playing his third tournament in f
Published 02 Mar, 2013 12:00am

Casillas wary of Barcelona backlash

Real Madrid captain Iker Casillas is expecting a backlash from Barcelona when the two meet again in the league on Saturday after Madrid's 3-1 victory over the Catalans on Tuesday. The Spanish champions booked their place in the Spanish Cup final with a co
Published 02 Mar, 2013 12:00am

Pound falls below $1.50 for first time since July 2010

Sterling fell below $1.50 for the first time since July 2010 on Friday after data showed Britain's manufacturing sector suffered a shock contraction in February and raised expectations of more monetary easing in the near term. Speculation is growing that
Published 02 Mar, 2013 12:00am

Taiwan dollar, baht up

The Taiwan dollar and the Thai baht rose on Friday helped by inflows into their stock markets while the Indonesian rupiah lost ground as the trade balance stayed in deficit in January and inflation hit a 20-month high last month. Foreign investors bought
Published 02 Mar, 2013 12:00am

Dollar gains in New York

Stalemate in the United States over automatic government spending cuts due to take effect on March 1 and an inconclusive election in Italy undermined the euro on Thursday, sending it back toward seven-week lows against the US dollar. The greenback also fo
Published 02 Mar, 2013 12:00am

Early trade in New York: Euro plunges to 2013 low

The euro tumbled to a 2013 low against the US dollar on Friday while the dollar rose to a six-month high against a basket of currencies as weak euro zone data highlighted a growing economic disparity with the United States. Speculation that the European C
Published 02 Mar, 2013 12:00am

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 02 Mar, 2013 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 01, 2013).

Published 02 Mar, 2013 12:00am

Fiscal year 2014 budget contours emerge

The government has finalised contours of budget for next fiscal year envisaging 4.5 percent GDP growth, 5 percent fiscal deficit and a total outlay of around Rs 3.175 trillion, it is reliably learnt. Sources told Business Recorder that Budget Strat
Published 02 Mar, 2013 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (March 01, 2013).

Published 02 Mar, 2013 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (March 01, 2013).

Published 02 Mar, 2013 12:00am

Anti-terror exercise held at Corps Headquarters

In the wake of new security challenges posed by extremist elements, a Joint Counter Terrorism exercise in a series was held under the aegis of Corps Headquarters at Karachi on Friday. An Inter Services Public Relations (ISPR) press release issued here sai
Published 02 Mar, 2013 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (March 01, 2013).

Published 02 Mar, 2013 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (March 01, 2013).

Published 02 Mar, 2013 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 01, 2013).

Published 02 Mar, 2013 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 02 Mar, 2013 12:00am

KARACHI CHRONICLE: Fruit paradise

Karachi is the country's cornucopia, full to overflowing with fruit from all over Pakistan, from neighbouring countries, and distant lands. Besides fresh fruit we have plenty of tinned varieties both local and imported. However, in this fruit paradise the
Published 02 Mar, 2013 12:00am

ART FACTS: Abstract art with expressive imagery

Distress, depression and discomposure dominate Riaz Rafi's new work. Expressive abstract forms in his paintings have hopelessness and fear as the most prominent aspect of our daily lives. The abstract figures of men and mostly women touch the basic proble
Published 02 Mar, 2013 12:00am

BOOK REVIEWS: Fifty years of progressive Urdu prose

First of all let me introduce (Syed Ali Husnain) Jamal Naqvi. A qualified engineer who has recently retired from a senior managerial post at Karachi Shipyard. But it was his second love, first being literature, in that field he has proved an all-rounder.
Published 02 Mar, 2013 12:00am

BRIDGE NOTES: Did you?

Bridge is a game of wits. Of course logic and reasoning, being two elemental ingredients of intellect, need to be in plentiful if one is to emerge as a good, sound Bridge player in keeping with the maximum that "Bridge is a game of intellect." But more of
Published 02 Mar, 2013 12:00am

New York cotton

The fluctuations observed during the day:

Published 02 Mar, 2013 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Jan 27

278.95

USD PKR Interbank Buying / Jan 27

278.80

USD to Japanese Yen / Jan 27

154.64

USD to Swiss Franc / Jan 27

0.90

Pound Sterling to USD / Jan 27

1.25

Euro to USD / Jan 27

1.05

Stock Volume

S&P 500 / Jan 24

6,101.24

Nasdaq / Jan 24

19,954.30

Dow Jones / Jan 24

44,424.25

India Sensex / Jan 27

75,346.55

Tokyo Nikkei / Jan 27

39,565.80

Hang Seng / Jan 27

20,197.77

FTSE 100 / Jan 27

8,485.58

Germany DAX 30 / Jan 27

21,124.29

Item Value

Karachi Cotton PKR/37.32 KG / Jan 24

18,485

Gold 10 Grams PKR / Jan 24

248,285

Crude Oil USD/Barrel / Jan 27

74.82

Gold Spot USD/Ounce / Jan 27

2,763.59

Cotton US¢/pound / Jan 27

67.70

Petrol/Litre / Jan 28

256.13

Gainers
Losers
Leaders

Stock Price

Chenab Ltd (Pref) / Jan 27

Chenab Limited (Pref)(CLCPS)

3.93

▲ 0.49 (14.24%)

Chenab Ltd / Jan 27

Chenab Limited(CHBL)

8.57

▲ 1 (13.21%)

B. F. Mod. / Jan 27

B.F. Modaraba(BFMOD)

8.39

▲ 0.89 (11.87%)

Sanghar Sugar / Jan 27

Sanghar Sugar Mills Limited(SANSM)

25.36

▲ 2.31 (10.02%)

Leather Up Ltd. / Jan 27

Leather Up Limited(LEUL)

36.70

▲ 3.34 (10.01%)

Shahtaj Sugar / Jan 27

Shahtaj Sugar Mills Limited(SHJS)

113.69

▲ 10.34 (10%)

At-Tahur Ltd. / Jan 27

At-Tahur Limited(PREMA)

25.85

▲ 2.35 (10%)

Archroma Pak / Jan 27

Archroma Pakistan Limited(ARPL)

478.56

▲ 43.51 (10%)

Saritow Spinning / Jan 27

Saritow Spinning Mills Limited(SSML)

12.24

▲ 1.11 (9.97%)

Stock Price

LSE Financial Serv. / Jan 27

LSE Financial Services Limited(LSEFSL)

17.52

▼ -1.95 (-10.02%)

Sui South Gas / Jan 27

Sui Southern Gas Company Limited(SSGC)

39.53

▼ -4.39 (-10%)

Hussain Industries / Jan 27

Husein Industries Limited(HUSI)

28.50

▼ -3.14 (-9.92%)

Arctic Textile / Jan 27

Arctic Textile Mills Limited(ARCTM)

18.90

▼ -2.08 (-9.91%)

Apna Microfin. / Jan 27

Apna Microfinance Bank Limited(AMBL)

10.09

▼ -1.1 (-9.83%)

National Silk / Jan 27

The National Silk & Rayon Mills Limited(NSRM)

50

▼ -5.44 (-9.81%)

Gammon Pak / Jan 27

Gammon Pakistan Limited(GAMON)

38

▼ -4.04 (-9.61%)

Unicap Modaraba / Jan 27

Unicap Modaraba(UCAPM)

2.57

▼ -0.27 (-9.51%)

Synthetic Prod / Jan 27

Synthetic Products Enterprises Limited(SPEL)

41

▼ -4.06 (-9.01%)

Stock Volume

Cnergyico PK / Jan 27

Cnergyico PK Limited(CNERGY)

61,454,571

▼ -0.13

Sui South Gas / Jan 27

Sui Southern Gas Company Limited(SSGC)

57,677,562

▼ -4.39

WorldCall Telecom / Jan 27

Worldcall Telecom Limited(WTL)

33,767,457

▼ -0.06

The Searle Co. / Jan 27

The Searle Company Limited(SEARL)

26,713,969

▼ -5.54

Pak Elektron / Jan 27

Pak Elektron Limited(PAEL)

22,757,545

▲ 0.67

Fauji Cement / Jan 27

Fauji Cement Company Limited(FCCL)

20,797,108

▼ -0.46

Citi Pharma Ltd / Jan 27

Citi Pharma Ltd.(CPHL)

18,489,077

▼ -6.73

P.T.C.L. / Jan 27

Pakistan Telecommunication Company Ltd(PTC)

18,264,183

▲ 0.82

Ghani Chem. Ind. / Jan 27

Ghani Chemical Industries Limited(GCIL)

17,202,553

▲ 0.67

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Pakistan squad for ICC Men’s Champions Trophy 2025 finalised

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Empowering LGs: Govt decides to review PSDP

Taxable products’ supply: GST-registered entities must file monthly stock returns: FBR

Currency	Rate
USD PKR Interbank Selling / Jan 27	278.95
USD PKR Interbank Buying / Jan 27	278.80
USD to Japanese Yen / Jan 27	154.64
USD to Swiss Franc / Jan 27	0.90
Pound Sterling to USD / Jan 27	1.25
Euro to USD / Jan 27	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
Nasdaq / Jan 24	19,954.30
Dow Jones / Jan 24	44,424.25
India Sensex / Jan 27	75,346.55
Tokyo Nikkei / Jan 27	39,565.80
Hang Seng / Jan 27	20,197.77
FTSE 100 / Jan 27	8,485.58
Germany DAX 30 / Jan 27	21,124.29

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Crude Oil USD/Barrel / Jan 27	74.82
Gold Spot USD/Ounce / Jan 27	2,763.59
Cotton US¢/pound / Jan 27	67.70
Petrol/Litre / Jan 28	256.13

Stock	Price
Chenab Ltd (Pref) / Jan 27 Chenab Limited (Pref)(CLCPS)	3.93 ▲ 0.49 (14.24%)
Chenab Ltd / Jan 27 Chenab Limited(CHBL)	8.57 ▲ 1 (13.21%)
B. F. Mod. / Jan 27 B.F. Modaraba(BFMOD)	8.39 ▲ 0.89 (11.87%)
Sanghar Sugar / Jan 27 Sanghar Sugar Mills Limited(SANSM)	25.36 ▲ 2.31 (10.02%)
Leather Up Ltd. / Jan 27 Leather Up Limited(LEUL)	36.70 ▲ 3.34 (10.01%)
Shahtaj Sugar / Jan 27 Shahtaj Sugar Mills Limited(SHJS)	113.69 ▲ 10.34 (10%)
At-Tahur Ltd. / Jan 27 At-Tahur Limited(PREMA)	25.85 ▲ 2.35 (10%)
Archroma Pak / Jan 27 Archroma Pakistan Limited(ARPL)	478.56 ▲ 43.51 (10%)
Saritow Spinning / Jan 27 Saritow Spinning Mills Limited(SSML)	12.24 ▲ 1.11 (9.97%)

Stock	Price
LSE Financial Serv. / Jan 27 LSE Financial Services Limited(LSEFSL)	17.52 ▼ -1.95 (-10.02%)
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	39.53 ▼ -4.39 (-10%)
Hussain Industries / Jan 27 Husein Industries Limited(HUSI)	28.50 ▼ -3.14 (-9.92%)
Arctic Textile / Jan 27 Arctic Textile Mills Limited(ARCTM)	18.90 ▼ -2.08 (-9.91%)
Apna Microfin. / Jan 27 Apna Microfinance Bank Limited(AMBL)	10.09 ▼ -1.1 (-9.83%)
National Silk / Jan 27 The National Silk & Rayon Mills Limited(NSRM)	50 ▼ -5.44 (-9.81%)
Gammon Pak / Jan 27 Gammon Pakistan Limited(GAMON)	38 ▼ -4.04 (-9.61%)
Unicap Modaraba / Jan 27 Unicap Modaraba(UCAPM)	2.57 ▼ -0.27 (-9.51%)
Synthetic Prod / Jan 27 Synthetic Products Enterprises Limited(SPEL)	41 ▼ -4.06 (-9.01%)

Stock	Volume
Cnergyico PK / Jan 27 Cnergyico PK Limited(CNERGY)	61,454,571 ▼ -0.13
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	57,677,562 ▼ -4.39
WorldCall Telecom / Jan 27 Worldcall Telecom Limited(WTL)	33,767,457 ▼ -0.06
The Searle Co. / Jan 27 The Searle Company Limited(SEARL)	26,713,969 ▼ -5.54
Pak Elektron / Jan 27 Pak Elektron Limited(PAEL)	22,757,545 ▲ 0.67
Fauji Cement / Jan 27 Fauji Cement Company Limited(FCCL)	20,797,108 ▼ -0.46
Citi Pharma Ltd / Jan 27 Citi Pharma Ltd.(CPHL)	18,489,077 ▼ -6.73
P.T.C.L. / Jan 27 Pakistan Telecommunication Company Ltd(PTC)	18,264,183 ▲ 0.82
Ghani Chem. Ind. / Jan 27 Ghani Chemical Industries Limited(GCIL)	17,202,553 ▲ 0.67