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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-03-08
Senator's filibuster of CIA pick ends after 12 hours

Senator's filibuster of CIA pick ends after 12 hours

A Republican senator seeking to block President Barack Obama's pick to lead the CIA over concerns about drone strikes on US soil completed a nearly 13-hour speaking filibuster early Thursday. In a remarkable display highlighting the partisan rift in Washi
Published 08 Mar, 2013 12:00am
New York cotton hits 10-month high

New York cotton hits 10-month high

Cotton prices gained for a seventh straight session on Wednesday, touching a 10-month high, as expectations of strong demand and mill buying supported a recent rally that has been fuelled by speculators' bullish investment. The most-active May cotton cont
Published 08 Mar, 2013 12:00am
Pillay calls for global action on violence against women

Pillay calls for global action on violence against women

Efforts must be stepped up to fight crimes against women around the world in view of recent high-profile cases, UN human rights chief Navi Pillay said Thursday in Geneva, ahead of International Women's Day. The UN High Commissioner for Human Rights welcom
Published 08 Mar, 2013 12:00am
Saudi Arabia jails 21 after deadly floods

Saudi Arabia jails 21 after deadly floods

A Saudi court has jailed 21 people, including at least one government official, after houses were built on flood-prone land, leading to more than 100 deaths by drowning, local media reported on Thursday. The rulings came nearly a year after two men were j
Published 08 Mar, 2013 12:00am
Malaysia incursion toll rises to 60

Malaysia incursion toll rises to 60

Malaysia said clashes between intruding Filipino militants and its security forces had left 60 people dead as of late Thursday, as it rejected a cease-fire offer from the fighters' leader. Police chief Ismail Omar said 32 followers of a self-proclaimed Ph
Published 08 Mar, 2013 12:00am
Indian parties fail to reach consensus on key land reform bill

Indian parties fail to reach consensus on key land reform bill

Indian political parties failed on Thursday to agree on how to compensate farmers for land acquired for infrastructure and industrial projects, dashing market hopes of a breakthrough. The government wants parliament to pass a bill aimed at speeding up doz
Published 08 Mar, 2013 12:00am
Governments falling short in drought fight: UN

Governments falling short in drought fight: UN

Governments world-wide are failing to do enough to tackle drought, which lacks the headline-making punch of a hurricane but can have an equally devastating human and economic impact, the UN weather agency warned Thursday. "A flood or hurricane is over wit
Published 08 Mar, 2013 12:00am
Swiss top WEF competition list for tourism, leisure

Swiss top WEF competition list for tourism, leisure

Switzerland has the globe's most competitive travel and tourism sector owing to high quality transportion and hotels, skilled workers and rich natural resources, the Swiss-based World Economic Forum said Thursday. In a biennial, 140-country ranking of com
Published 08 Mar, 2013 12:00am
Berlusconi gets jail over wiretap leaks

Berlusconi gets jail over wiretap leaks

An Italian court on Thursday sentenced former prime minister Silvio Berlusconi to a year in prison over the publication of leaked transcripts from a police wiretap in a newspaper in his media empire. The billionaire media tycoon, who faces two more verdic
Published 08 Mar, 2013 12:00am
Syrian rebels want troop pullback before they free UN men

Syrian rebels want troop pullback before they free UN men

Rebels holding 21 UN peacekeepers near the Golan Heights in southern Syria say government forces must leave the area before they free their "guests", an activist in touch with the fighters said on Thursday. Rami Abdelrahman of the Syrian Observatory for H
Published 08 Mar, 2013 12:00am
Shanghai copper falls

Shanghai copper falls

The most-traded June copper contract on the Shanghai Futures Exchange fell 0.60 percent to close at 56,530 yuan ($9,100) a tonne on Thursday. It earlier fell to 56,240, within reach of a three-month low of 56,060 yuan hit on Friday. "While the global envi
Published 08 Mar, 2013 12:00am
North Korea threatens nuclear strike, UN expands sanctions

North Korea threatens nuclear strike, UN expands sanctions

North Korea threatened the United States on Thursday with a pre-emptive nuclear strike, raising the level of rhetoric just before the UN Security Council approved new sanctions against the reclusive country. The White House said North Korea's threats woul
Published 08 Mar, 2013 12:00am
Iraq's parliament approves $119.1 billion budget

Iraq's parliament approves $119.1 billion budget

Iraq's parliament approved on Thursday a $119.1 billion (91.6 billion euro) budget for 2013 after weeks of delay, but Kurdish representatives and most members of the main Sunni-backed bloc did not attend, MPs said. Parliament has struggled to pass even ke
Published 08 Mar, 2013 12:00am
At Chavez's coffin, Venezuelans vow more revolution

At Chavez's coffin, Venezuelans vow more revolution

Saluting, clenching fists and making the Roman Catholic sign of the cross over Hugo Chavez's open casket, Venezuelans crowded on Thursday to see their deceased leader one last time and pledge that his socialist revolution will not die. Tens of thousands o
Published 08 Mar, 2013 12:00am
Banks face accounting drive to recognise losses earlier

Banks face accounting drive to recognise losses earlier

Banks will have to find billions more dollars under a proposed new accounting rule that aims to make them recognise losses on souring loans and bonds more quickly and protect taxpayers from a repeat of the financial crisis.
Published 08 Mar, 2013 12:00am
Banks face accounting drive to recognise losses earlier

Banks face accounting drive to recognise losses earlier

Banks will have to find billions more dollars under a proposed new accounting rule that aims to make them recognise losses on souring loans and bonds more quickly and protect taxpayers from a repeat of the financial crisis.
Published 08 Mar, 2013 12:00am
BoE leaves interest rate, stimulus on hold

BoE leaves interest rate, stimulus on hold

The Bank of England on Thursday voted at a regular policy meeting to hold its reference interest rate at a record-low 0.50 percent, where it has stood for four years, and opted against increasing its cash stimulus programme to boost a British economy on t
Published 08 Mar, 2013 12:00am
BoE leaves interest rate, stimulus on hold

BoE leaves interest rate, stimulus on hold

The Bank of England on Thursday voted at a regular policy meeting to hold its reference interest rate at a record-low 0.50 percent, where it has stood for four years, and opted against increasing its cash stimulus programme to boost a British economy on t
Published 08 Mar, 2013 12:00am
Time Warner to spin out its magazine unit

Time Warner to spin out its magazine unit

Time Warner Inc will soon be without the magazine unit that provided the foundation for the company and the first part of its name. Time Inc, the division that publishes titles like Time, Fortune and People, will be spun off into a separate company, Time
Published 08 Mar, 2013 12:00am
French unemployment rises again to highest since 1999

French unemployment rises again to highest since 1999

France's jobless rate hit its highest level in more than 13 years in the last quarter of 2012, underscoring the challenge the government faces over its pledge to reverse the upward trend by year-end. Thursday's official data prompted a renewed government
Published 08 Mar, 2013 12:00am
Gold soars in New York

Gold soars in New York

Gold rose on Wednesday, but analysts expect the breakout in Wall Street stocks to new highs and data showing an improving US economy to pressure the precious metal's safe-haven appeal. "You are going to get less people interested in defensive plays like t
Published 08 Mar, 2013 12:00am
Restoring peace to Karachi

Restoring peace to Karachi

Violence in Karachi having reached the level it has, even rumours can send the entire city in a state of panic. That is what happened on Wednesday in the wake of the MQM's call for an indefinite shutter-down strike all over Sindh until the perpetrators of
Published 08 Mar, 2013 12:00am
Remembering March 9, 2007

Remembering March 9, 2007

March 9, 2007 was, undoubtedly, a tragic day in our history - it was not mere barring the Chief Justice of Pakistan (CJP) from performing his duties on filing of reference under Article 209 of the Constitution but a show of brutal power by a man in unifor
Published 08 Mar, 2013 12:00am
Women empowerment and BISP

Women empowerment and BISP

While marking International Women's Day, I would like to recall that mainstreaming of women and their socio-economic uplift was envisaged as one of the prime objectives of BISP at the very beginning of this unique initiative in the social sector besides p
Published 08 Mar, 2013 12:00am
Violence against women - II

Violence against women - II

During the last 65 years, experiments have been made apparently in the vast interest of public, either on the basis of doctrine of necessity or the parliamentary, presidential, dictatorial and basic democracy as conceived by the foreign power.
Published 08 Mar, 2013 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold fell early on Thursday after the European Central Bank and the Bank of England did not hint at more economic stimulus, and as encouraging US jobless claims data fuelled optimism about the upcoming nonfarm payrolls report. The metal's 0.5 percent decl
Published 08 Mar, 2013 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

US wheat futures edged higher early on Thursday, in a rebound from a nearly nine-month low and as traders waited for the government to update supply estimates. Traders bought back some previously sold positions the day after the most-active wheat contract
Published 08 Mar, 2013 12:00am
Gold slips in Europe

Gold slips in Europe

Gold prices slipped on Thursday after the European Central Bank (ECB) gave no clear hints of further monetary easing and the Bank of England opted not to restart gilt purchases, with a weakening dollar offering only limited support. The euro rallied more
Published 08 Mar, 2013 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold traded little changed on Thursday, unable to break above a key resistance at $1,585 an ounce, as investors wait for major central banks' decisions on monetary policy and a firmer dollar weighed on sentiment. Spot gold was little changed at $1,584.31
Published 08 Mar, 2013 12:00am
Towards general election

Towards general election

Well respected non-governmental organisation Pildat and Gallup jointly undertook a survey to forecast the political weather in Pakistan and determine the voting patterns in 300 villages and 200 urban locations with a sample size of 10,000 - well above the
Published 08 Mar, 2013 12:00am
Cocoa climbs

Cocoa climbs

Cocoa futures on ICE posted the largest daily gain in a month near midday, after sinking to a nine-month low early on Thursday, supported by a weaker dollar and by ideas recent declines were seen as overdone amid expectations of an impending supply defici
Published 08 Mar, 2013 12:00am
Palm oil moves up

Palm oil moves up

Malaysian palm oil futures rose to a one-week high on Thursday, drawing support from expectations of a bullish industry report and a lower palm oil inventory level, although gains were curbed by investor caution. Traders are looking ahead to Friday's US D
Published 08 Mar, 2013 12:00am
Wheat, new-crop corn sink

Wheat, new-crop corn sink

US wheat and new-crop corn futures sank to their lowest level in nearly nine months on Wednesday as heavy snows eased dryness in key growing areas and boosted production estimates. Optimism for upcoming harvests soared after a storm dumped 5 to 10 inches
Published 08 Mar, 2013 12:00am
Tokyo rubber rises

Tokyo rubber rises

Tokyo rubber futures rose to a one-week high on Thursday as a weaker Japanese yen made them more expensive, but gains were still capped by profit-taking, dealers said. Technical sentiment on TOCOM improved after prices broke above a major resistance level
Published 08 Mar, 2013 12:00am
US crude surges

US crude surges

US crude rose on Thursday by about a dollar a barrel on jobless claims falling unexpectedly in the United States and a weakening dollar, while Brent prices dropped slightly after a North Sea pipeline restarted following a shutdown. The drop in last week's
Published 08 Mar, 2013 12:00am
Copper, aluminium prices rebound

Copper, aluminium prices rebound

Copper and aluminium prices rebounded on Thursday, lifted by a strong euro and better-than-expected US data that boosted the outlook for growth, but slow demand from top consumer China may keep further gains in check. Three-month copper on the London Meta
Published 08 Mar, 2013 12:00am
Another shipment of 26,000 tons of urea arrives at Gwadar

Another shipment of 26,000 tons of urea arrives at Gwadar

Another urea shipment of some 26,000 tons imported from Saudi Basic Industries Corporation (SABIC) has arrived at Gwadar Port. This is the second urea consignment against $100 million credit facility being provided by the Saudi Fund for Development (SFD).
Published 08 Mar, 2013 12:00am
Agriculture given extra Rs 124 billion subsidy

Agriculture given extra Rs 124 billion subsidy

The last meeting of the Federal Cabinet chaired by the Prime Minister Raja Pervez Ashraf on Thursday has approved an additional subsidy of Rs 124 billion for agriculture in the current fiscal. Finance Minister Saleem Mandviwalla and Minister for Informati
Published 08 Mar, 2013 12:00am
Agriculture given extra Rs 124 billion subsidy

Agriculture given extra Rs 124 billion subsidy

The last meeting of the Federal Cabinet chaired by the Prime Minister Raja Pervez Ashraf on Thursday has approved an additional subsidy of Rs 124 billion for agriculture in the current fiscal. Finance Minister Saleem Mandviwalla and Minister for Informati
Published 08 Mar, 2013 12:00am
Agriculture given extra Rs 124 billion subsidy

Agriculture given extra Rs 124 billion subsidy

The last meeting of the Federal Cabinet chaired by the Prime Minister Raja Pervez Ashraf on Thursday has approved an additional subsidy of Rs 124 billion for agriculture in the current fiscal. Finance Minister Saleem Mandviwalla and Minister for Informati
Published 08 Mar, 2013 12:00am
Government has no plan to seek IMF loan: Mandviwalla

Government has no plan to seek IMF loan: Mandviwalla

Finance Min-ister Senator Saleem H Mandviwalla on Thursday said there was neither any programme to seek new loans from the International Monetary Fund (IMF) nor there was any proposal under consideration for that purpose. Talking to INP, the Finance Minis
Published 08 Mar, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Mar, 2013 12:00am
Government has no plan to seek IMF loan: Mandviwalla

Government has no plan to seek IMF loan: Mandviwalla

Finance Min-ister Senator Saleem H Mandviwalla on Thursday said there was neither any programme to seek new loans from the International Monetary Fund (IMF) nor there was any proposal under consideration for that purpose. Talking to INP, the Finance Minis
Published 08 Mar, 2013 12:00am
Government has no plan to seek IMF loan: Mandviwalla

Government has no plan to seek IMF loan: Mandviwalla

Finance Min-ister Senator Saleem H Mandviwalla on Thursday said there was neither any programme to seek new loans from the International Monetary Fund (IMF) nor there was any proposal under consideration for that purpose. Talking to INP, the Finance Minis
Published 08 Mar, 2013 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange on Thursday where equities moved both ways and finally settled in green zone amid marginally decreased trading turnover. The LSE-25 index was slightly declined by 2.81 points to close at 4297.89 agai
Published 08 Mar, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Mar, 2013 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange on Thursday where equities moved both ways and finally settled in green zone amid marginally decreased trading turnover. The LSE-25 index was slightly declined by 2.81 points to close at 4297.89 agai
Published 08 Mar, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Mar, 2013 12:00am
ISE index sheds 23.57 points

ISE index sheds 23.57 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 23.57 points as the ISE Ten Index moved from 3,513.57 to 3,490.00 points. The overall turnov
Published 08 Mar, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Mar, 2013 12:00am
ISE index sheds 23.57 points

ISE index sheds 23.57 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 23.57 points as the ISE Ten Index moved from 3,513.57 to 3,490.00 points. The overall turnov
Published 08 Mar, 2013 12:00am
NBP conducts Hajj balloting for 27 employees

NBP conducts Hajj balloting for 27 employees

National Bank of Pakistan (NBP) conducted Hajj 2013 balloting for 27 employees (5 Executives, 10 officers and 10 clerical and non-clerical staff, 2 retired employees) for performance of Hajj on Bank's expenses for the year 2013.
Published 08 Mar, 2013 12:00am
Forex reserves fall below $13 billion

Forex reserves fall below $13 billion

The country's liquid foreign exchange reserves fell below $13 billion level mainly due to debt payment. On February 26, 2013, Pakistan paid 10th instalment worth $391 million to the International Monetary Fund as principle amount of Stand-By Arrangement (
Published 08 Mar, 2013 12:00am
Forex reserves fall below $13 billion

Forex reserves fall below $13 billion

The country's liquid foreign exchange reserves fell below $13 billion level mainly due to debt payment. On February 26, 2013, Pakistan paid 10th instalment worth $391 million to the International Monetary Fund as principle amount of Stand-By Arrangement (
Published 08 Mar, 2013 12:00am
Forex reserves fall below $13 billion

Forex reserves fall below $13 billion

The country''s liquid foreign exchange reserves fell below $13 billion level mainly due to debt payment. On February 26, 2013, Pakistan paid 10th instalment worth $391 million to the International Monetary Fund as principle amount of Stand-By Arrangement
Published 08 Mar, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (March 07, 2013).

Published 08 Mar, 2013 12:00am
Electoral lists: Nadra asks Ministry to clear dues

Electoral lists: Nadra asks Ministry to clear dues

National Database and Registration Authority (Nadra) on Thursday asked Ministry of Finance to clear its outstanding payment of $2.75 billion necessary for digitisation and printing of final electoral lists in time. Sources said that in this regard a meeti
Published 08 Mar, 2013 12:00am
Electoral lists: Nadra asks Ministry to clear dues

Electoral lists: Nadra asks Ministry to clear dues

National Database and Registration Authority (Nadra) on Thursday asked Ministry of Finance to clear its outstanding payment of $2.75 billion necessary for digitisation and printing of final electoral lists in time. Sources said that in this regard a meeti
Published 08 Mar, 2013 12:00am
Law Ministry rejects new format of nomination papers

Law Ministry rejects new format of nomination papers

Ministry of Law and Justice on Thursday rejected the new format of nomination papers and decided to convey its reservations to the Election Commission of Pakistan (ECP) in this regard. According to sources, a meeting between Secretary ECP, Ishtiaq Ahmed,
Published 08 Mar, 2013 12:00am
Law Ministry rejects new format of nomination papers

Law Ministry rejects new format of nomination papers

Ministry of Law and Justice on Thursday rejected the new format of nomination papers and decided to convey its reservations to the Election Commission of Pakistan (ECP) in this regard. According to sources, a meeting between Secretary ECP, Ishtiaq Ahmed,
Published 08 Mar, 2013 12:00am
THE RUPEE: extends gains

THE RUPEE: extends gains

The rupee extended overnight gains against the dollar on the money market on Thursday in the process of trading, dealers said. Corrective measures, taken by the State Bank of Pakistan (SBP), started coming up as the rupee is recovering with gradual pace v
Published 08 Mar, 2013 12:00am
THE RUPEE: extends gains

THE RUPEE: extends gains

The rupee extended overnight gains against the dollar on the money market on Thursday in the process of trading, dealers said. Corrective measures, taken by the State Bank of Pakistan (SBP), started coming up as the rupee is recovering with gradual pace v
Published 08 Mar, 2013 12:00am
Caretaker Prime Minister: Palejo vows fair polls if selected

Caretaker Prime Minister: Palejo vows fair polls if selected

Chairman Awami Tehrik Rasool Baksh Palejo has thanked the PML-N chief Nawaz Sharif for proposing his name as caretaker prime minister, saying if he is selected for the premier slot he would ensure fair, free and transparent general polls. "Besides holding
Published 08 Mar, 2013 12:00am
Caretaker Prime Minister: Palejo vows fair polls if selected

Caretaker Prime Minister: Palejo vows fair polls if selected

Chairman Awami Tehrik Rasool Baksh Palejo has thanked the PML-N chief Nawaz Sharif for proposing his name as caretaker prime minister, saying if he is selected for the premier slot he would ensure fair, free and transparent general polls. "Besides holding
Published 08 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 07, 2013).

Published 08 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 07, 2013).

Published 08 Mar, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (March 07, 2013).

Published 08 Mar, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 07, 2013).

Published 08 Mar, 2013 12:00am
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