News Archives for Print - 2013-03-09

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Print - 2013-03-09

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 08, 2013).

Published 09 Mar, 2013 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 08, 2013).

Published 09 Mar, 2013 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Friday (March 08, 2013).

Published 09 Mar, 2013 12:00am

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 Friday (March 08, 2013).

Published 09 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 08, 2013).

Published 09 Mar, 2013 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (March 08, 2013).

Published 09 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 08, 2013).

Published 09 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 08, 2013).

Published 09 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 08, 2013).

Published 09 Mar, 2013 12:00am

ART FACTS: Exploration of forms and images

Keen observation and eagerness for experimentation took Rashid Rana to a world of exploration of forms and images. The multiple medium visual arts consists various new mediums - digital photography and videos other than painting and installations. In an u

Published 09 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 09 Mar, 2013 12:00am

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 09 Mar, 2013 12:00am

Karachi interbank rates

Karachi interbank rates on Friday (March 08, 2013).

Published 09 Mar, 2013 12:00am

New York cotton

The fluctuations observed during the day:

Published 09 Mar, 2013 12:00am

New York cotton

The fluctuations observed during the day:

Published 09 Mar, 2013 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 09 Mar, 2013 12:00am

Foresight in Bridge

All Bridge problems need one vital ingredient for resolving them: that is foresight. This is an integral part of a Bridge player's repertoire. Without it, he would never be in a position to wriggle out when placed in a tight corner. Nor will he be able to

Published 09 Mar, 2013 12:00am

Brennan sworn in on Washington's draft of Constitution

New CIA director John Brennan on Friday was sworn into office using an original draft copy of the US Constitution, marked up by George Washington, in a show of commitment to the rule of law. Brennan made the gesture as scrutiny swirls around the CIA over

Published 09 Mar, 2013 12:00am

Ephedrine case: Shahab's plea rejected

The Anti-Narcotics Court on Friday rejected the application of Federal Minister for Textile Makhdoom Shahabuddin through which he had sought exemption from making personal appearance in ephedrine quota allocation scam. Special Judge Anti-Narcotics Court A

Published 09 Mar, 2013 12:00am

Memogate case: Supreme Court constitutes nine-member larger bench

Supreme Court of Pakistan has constituted a 9-member larger bench for the hearing of Memogate scandal case. According to the cause list of the apex court, the hearing in the case will be carried out on March 11 here in the Supreme Court building. The othe

Published 09 Mar, 2013 12:00am

Dual taxation treaty: agreement with Greece annulled

The Federal Board of Revenue has terminated 'Agreement for the Avoidance of Double Taxation on income Derived from the Operation of Ships and Aircraft' between Pakistan and Greece from January 1, 2014. The FBR has issued income tax circular number 4 of 20

Published 09 Mar, 2013 12:00am

IHC issues notices to secretaries, ISI chief

The Islamabad High Court on Friday issued notices to Director General Inter-Services Intelligence (ISI), Secretary Defence and Secretary Establishment. The notices were issued over an application that had sought contempt of court proceedings over non-comp

Published 09 Mar, 2013 12:00am

Curbing counterfeit, spurious drugs: Drug Regulatory Authority to launch new software

The Drug Regulatory Authority of Pakistan (DRAP) on Friday decided to launch a new software to control counterfeit and spurious drugs in the market. A press release said that this decision was taken at a meeting held here on Friday, which was attended, am

Published 09 Mar, 2013 12:00am

Zardari contempt petition: LHC directs Wasim Sajjad to conclude arguments

Rejecting a request filed by the federation's counsel to adjourn the hearing of a petition seeking contempt of court proceedings against President Asif Ali Zardari, the Lahore High Court (LHC) directed Wasim Sajjad to conclude his arguments on the case.

Published 09 Mar, 2013 12:00am

Arms and ammunition: import authorisations to be quantity-based

The government has decided to convert all arms and ammunition import authorisations into quantity-based authorisations to be issued for two years and allowed ceiling enhancement which the insiders claim will open floodgates to corruption in the ministry.

Published 09 Mar, 2013 12:00am

Senate passes 'SZAB Medical University (PIMS) Islamabad Bill'

The Senate on Friday passed 'The Shaheed Zulfiqar Ali Bhutto Medical University (PIMS) Islamabad Bill, 2013' despite lack of quorum as MQM, JUI-F, PML-Q and PML-N senators walked out from the house in protest. Chairman Senate Nayyar Hussain Bukhari had to

Published 09 Mar, 2013 12:00am

Bogus ST refunds: 197 companies blacklisted by RTO-II Karachi

Taking a major step to check bogus sales tax refunds, Regional Tax Office-II (RTO) Karachi has blacklisted 197 companies to stop business community from making transactions with such suspended companies. Sources told Business Recorder here on Frida

Published 09 Mar, 2013 12:00am

Olson visits US naval ship

US Ambassador to Pakistan Richard Olson and Chief, Office of the Defence Representative, Pakistan, Lieutenant General Gregory Biscone visited USS William P. Lawrence, a US Navy Arleigh Burke-class destroyer, in the waters off the port of Karachi on Friday

Published 09 Mar, 2013 12:00am

29 Brigadiers promoted to Major Generals

Army Promotion Board from Brigadiers to the rank of Major Generals presided over by Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani in its meeting held here on Friday promoted 29 Brigadiers to the rank of Major Generals.

Published 09 Mar, 2013 12:00am

'Principles of policy': notices issued to AGP, AG

The Lahore High Court here on Friday issued notices to Attorney General for Pakistan (AGP) and Advocate General Punjab in response to a petition seeking submission of progress reports of federal and provincial governments in the assemblies by President of

Published 09 Mar, 2013 12:00am

Evening with writer Brigadier Qasim today

A known literary organisation, Mohibban-e-Bhopal in collaboration with KMC is organising an evening with renowned writer Brigadier Syed Abul Qasim (Retd) at Civic Centre Auditorium here on March 9. Commissioner and Administrator of Karachi Syed Hashim Raz

Published 09 Mar, 2013 12:00am

July 1, 2007 to December 31, 2012: country received $11.464 billion FDI, National Assembly told

The National Assembly was told on Friday that a total of $11.464 billion Foreign Direct Investment (FDI) was made in the country from March 2008 to date. Minister In-charge for the Prime Minister Secretariat in a written reply to a question informed the h

Published 09 Mar, 2013 12:00am

Non-duty paid vehicles: collectors to carry out forensic test

The Federal Board of Revenue has informed Collectors of Customs that they can exercise discretionary powers for carrying out forensic test of non-duty paid smuggled vehicles to ascertain veracity of their chassis numbers. In this connection, the FBR has F

Published 09 Mar, 2013 12:00am

General elections may be on May 9 or 10: Khurshid

Federal Minister for Religious Affairs, Syed Khurshid Shah on Friday said the general elections may be held on May 09 or 10 however the government will announce final date of polls during next week. Talking to INP, Khurshid Shah said that Election Commiss

Published 09 Mar, 2013 12:00am

'Political parties should increase healthcare budget'

At the time when general elections are due in the country and political parties are announcing their manifestos, it is sad to note that none of the parties running for elections has shown interest to increase spending on the healthcare. This becomes more

Published 09 Mar, 2013 12:00am

'PPP to establish industrial units in Frontier Regions'

Khyber Pakhtunkhwa Minister for Labour Sher Azam Wazir has said that after coming into power PPP will establish mega industrial units the Frontier Regions (FRs) of the province. Addressing a representative tribal Jirga of Kohat here on Friday, he said the

Published 09 Mar, 2013 12:00am

Upcoming general elections: JUI-F constitutes body for seat Adjustment

JUI-F constituted committee for holding negotiations with different political parties for seat adjustment in the upcoming general elections in the province. The decision was taken during a meeting held here with provincial chief, Maulana Sheikh Amanullah

Published 09 Mar, 2013 12:00am

MCCI concerned at declining forex reserves

Multan Chamber of Commerce and Industry (MCCI) President Muhammad Khan Saddozai Sheikh on Monday expressed deep concern over the declining foreign exchange reserves of the country, which caused the depreciation of rupee. He referenced the State Bank of Pa

Published 09 Mar, 2013 12:00am

Women will operate project: 'solar charging stations' to be set up in two villages

Zong, the international brand of China Mobile, in collaboration with Buksh Foundation, a leading microfinance organisation, is set to light up rural lives through the project 'Lighting a Million Lives' that will provide solar-powered lighting to two villa

Published 09 Mar, 2013 12:00am

Increase in gas tariff: LCCI calls for immediate withdrawal

The Lahore Chamber of Commerce and Industry on Friday took a strong exception to the federal Cabinet for making a hefty increase of Rs 5.5 per unit in gas tariff and called for its immediate withdrawal. The LCCI President Farooq Iftikhar in a statement is

Published 09 Mar, 2013 12:00am

ASSMS international moot on 21st century mathematics 'shatters' all records

Vice Chancellor Government College University (GCU) Lahore, Professor Dr Muhammad Khaleeq-ur-Rahman on Friday said that difficulties and threats had failed to deter their determination of holding biggest international conference in the country.

Published 09 Mar, 2013 12:00am

APTMA seeks five-day gas supply urgently

All Pakistan Textile Mills Association (APTMA) leadership has urged the government to resume gas supply to textile industry in Punjab for five days a week, as supplies of the SNGPL have improved with favourable weather conditions. The APTMA leadership inc

Published 09 Mar, 2013 12:00am

129 motorbikes awarded under USAID Dairy Project

In a ceremony held in Multan, the United States Agency for International Development (USAID) Mission Director for Pakistan Jock Conly awarded 129 motorbikes for artificial insemination technicians, who successfully completed a five-week artificial insemin

Published 09 Mar, 2013 12:00am

Government urged to help women play role in economic revival

"Denial to self-employment opportunities to women is a sheer injustice and the government should look into the areas where it could accommodate women for the economic revival of the country." This was the crux of the speeches delivered at a seminar arrang

Published 09 Mar, 2013 12:00am

Hub, Hattar brought under ambit of DTRE regime

The government has brought Hub and Hattar within the ambit of Duty & Tax Remission for Exports (DTRE) scheme which advantages ghee manufacturers-cum-exporters of Khyber Pakhtunkhwa and Balochistan under fiscal relief package for war-affected areas.

Published 09 Mar, 2013 12:00am

Stay connected to keep the flame burning

The choice is yours - pay no bill, get no gas and be ready to travel back to stone age An efficiently run public utility has a major challenge of ensuring that its customers pay their bills on time. Most public utilities in Pakistan are equipped with a Re

Published 09 Mar, 2013 12:00am

PTI to eliminate discrimination against women: Imran

In connection with World Women's Day, Pakistan Tehreek-e-Insaf Chairman Imran Khan said on Friday that PTI will promote and implement policies that eliminate all forms of discrimination against women. "The PTI recognises the contribution of women in all s

Published 09 Mar, 2013 12:00am

Speakers for economic, political empowerment of women

The speakers at a conference on Friday stressed the need for economic and political empowerment of women in order to ensure their affective role in the country's prosperity. They were speaking at the '2nd National Conference on Gender and Media', organise

Published 09 Mar, 2013 12:00am

'Government not taking sufficient steps towards ensuring women's rights

"The government is not taking sufficient steps for ensuring of women rights, while the legislation remained unsatisfactory to provide protection of women rights and due status in the society," said speakers at a seminar here on Friday.

Published 09 Mar, 2013 12:00am

Women pedal for 'girl power'

A group of determined women took to bikes Friday, riding through the capital to highlight their rights and love of exercise in a culture that often treats them as second-class citizens. Some wearing helmets, others in headscarfs, dressed in jeans or in th

Published 09 Mar, 2013 12:00am

'Judiciary played vital role in defining women's rights'

Justice Ayesha Malik of the Lahore High Court said "there has been an ongoing struggle, for a very long time, fought by others, that has paved the way for a woman like me to be where I am today." She was addressing the members LHC Bar Association at the e

Published 09 Mar, 2013 12:00am

Middle class fixes sights on China

When Misbah Rashid taught Chinese 30 years ago, few signed up. Today her department has more than 200 Pakistani students, increasingly attracted by the prospect of an affordable education and a job. For decades, a foreign education was the preserve of the

Published 09 Mar, 2013 12:00am

Income from shipping business: PSAA seeks tax return filing on quarterly basis

Pakistan Ships Agents Association (PSAA) has proposed that the criteria for filing return and payment of tax for Non-Resident Pakistanis having income from shipping business in Pakistan should be on quarterly basis in budget (2013-14). In the budget (2013

Published 09 Mar, 2013 12:00am

Production of pulses declines to 0.5 million tons from 0.75 million tons

The local production of pulses has declined to 0.5 million tons per annum from the earlier output of 0.75 million tons. Sources said on Friday that the country's annual requirement for different pulses stood at over one million tons of which about 750,000

Published 09 Mar, 2013 12:00am

'SUITs' utility cards: Nixor, Orix launch financial services

Nixor Financial Services and Orix Leasing Pakistan Limited launched the student utility interface terminal 'SUITs' at a ceremony held at Nixor College. The ceremony was attended by Giasuddin Khan, GM & Head of eBusiness Division, Nadeem Ghani, Dean of Nix

Published 09 Mar, 2013 12:00am

World Kidney Day on March 14

Like elsewhere in the country, World Kidney Day (WKD) would be observed in Khyber Pakhtunkhwa and Federally Administered Tribal Areas (Fata) on March 14 with an objective to raise awareness among people about importance, risk factors, disorders and treatm

Published 09 Mar, 2013 12:00am

PWD faces financial crisis as Iesco dues swell to Rs 36 million

Pakistan Works Department (PWD) is facing serious financial crisis and has failed to pay outstanding electricity bills of federal ministers and parliamentarians amounting to Rs 36 million as of January 31. Officials of Islamabad Electric Supply Company (I

Published 09 Mar, 2013 12:00am

PIAF seeks chief minister's help against 'Qabza' groups

Pakistan Industrial and Traders Associations Front (PIAF) has sought Chief Minister's help against 'Qabza' groups that are quite active in Township Industrial Area now-a-days. Chairman PIAF Malik Tahir Javed was talking to a 10-member delegation of Lahore

Published 09 Mar, 2013 12:00am

MWM holds condolence meetings, stages demonstrations

Activists of Majlis Wahdat-e-Muslimeen (MWM) staged several condolence meetings and protest demonstrations in various localities of the city on Friday to express solidarity with the victims of the recent blast near Abbas Town. A candlelight vigil was also

Published 09 Mar, 2013 12:00am

ICAP to organise CFO moot next week

Now in its successful 4th year, ICAP is organising the CFO conference themed as CFO - Meeting Future Challenges on 12 and 14 March in Karachi and Lahore, respectively. The conference is expected to be attended by around 1200 business leaders and professio

Published 09 Mar, 2013 12:00am

31 more houses demolished in IDPs camp

District administration Peshawar here on Friday demolished 31 more houses of illegally established Afghan refugees camp in a graveyard of Tehkal and retrieved 12 kanal encroached lands and handed it over to Department of Auqaf.

Published 09 Mar, 2013 12:00am

15 killed as truck falls into gorge

At least 15 people were killed and 24 injured when a truck fell into a deep gorge in Budhal area of Indian-held Kashmir's Rajouri district early Friday, police said. "The driver lost control over the steering and the truck fell into a 300-feet gorge, kill

Published 09 Mar, 2013 12:00am

Bill drafted to regulate surveying, mapping

The National Assembly Standing Committee on Defence has submitted a report on 'The Surveying and Mapping, bill, 2013' to regulate and stop unqualified and unregistered firms to take part in surveying and mapping activities. The report was presented by Cha

Published 09 Mar, 2013 12:00am

PTI terms PML-N's manifesto 'a bundle of false promises'

Pakistan Tehreek-e-Insaf (PTI) Secretary Information Shafqat Mahmood came down hard on the Pakistan Muslim League-N (PML-N) election manifesto for 2013, saying that it is nothing but a list of false promises. While commenting on the manifesto here on Frid

Published 09 Mar, 2013 12:00am

Partly Facetious: Sharmila's engagement or wedding?

"The poor thing! Even her engagement has become controversial."

Published 09 Mar, 2013 12:00am

Freelancer.pk launched amidst internet boom

Freelancer.com, the world's largest crowd-sourcing and outsourcing platform, with more than seven million users, launches Freelancer.pk amidst the internet boom sweeping the nation.

Published 09 Mar, 2013 12:00am

Khyber Pakhtunkhwa tables bill on access to factories' statistics

The provincial government of Khyber Pakhtunkhwa on Friday tabled legislation in legislature to facilitate the collection of statistics of certain kinds relating to factories, industrial and commercial establishments in the province. The law is relating to

Published 09 Mar, 2013 12:00am

Oracle unveils first social management solution for enterprise

Oracle has established an aggressive integration strategy with the goal of unification across its Oracle Social Relationship Management Suite and with key Oracle enterprise applications. Oracle Social Relationship Management is the latest evolution in Ora

Published 09 Mar, 2013 12:00am

Six bills adopted unanimously in farewell session of Khyber Pakhtunkhwa Assembly

The farewell session of Khyber-Pakhtunkhwa Assembly witnessed heavy legislation as record six bills were unanimously adopted. The bills included The Khyber-Pakhtunkhwa Industrial Statistics Bill 2013, to facilitate the collection of statistics of certain

Published 09 Mar, 2013 12:00am

Industrialists hail appointment of Deputy Governor SBP

Industrialists have expressed hope that State Bank of Pakistan provides more cushions to the industry, lower the discount rate in coming monetary policy. Appreciating appointment of Ashraf Mahmood Wathra as Deputy Governor State Bank of Pakistan (SBP), le

Published 09 Mar, 2013 12:00am

Szabistians win essay competition

Students of Szabist Rukaiya Malik and Muhammad Mustaqeem Yousfani, have been declared winners of the Essay Competition organized by HS consultants in which more than 250 students from all over Pakistan participated. Rukaiya Malik was 2nd runner up and was

Published 09 Mar, 2013 12:00am

Number of food insecure people rises to 51 percent: PASA

There is a significant increase in the number of food insecure people in Pakistan, which now stands at 51 per cent of the total population as compare to about 22 per cent five years back; this is largely due decline in agricultural production, especially

Published 09 Mar, 2013 12:00am

Asia-Pacific CEO Forum held: Epicentre of global economy shifting to Asia, says Mansha

Speaking at the Asia-Pacific CEO Forum organized by International Chamber of Commerce (ICC) in New Delhi on Friday, the Chairman of Nishat Group and MCB Bank, Mian Mohammad Mansha stated that the epicentre of the global economy is now shifting to Asia, tr

Published 09 Mar, 2013 12:00am

KWSB asked to pay current KESC bills

The Honourable High Court of Sindh through a Divisional Bench order dated February 28 has taken cognisance that KWSB is not paying its current monthly bills to KESC and has ordered KWSB to commence paying its current monthly bills from February directly t

Published 09 Mar, 2013 12:00am

US MIDDAY: gold falls

Gold prices steadied on Friday, recovering losses made after a forecast-beating US payrolls report, as resilience at $1,560 an ounce reassured investors of good underlying support. Gold fell 1 percent in earlier trade, stocks markets rose and the dollar l

Published 09 Mar, 2013 12:00am

US MIDDAY: soyabeans sink

US soyabean futures tumbled on Friday after the US government issued larger-than-expected supply forecasts. The US Department of Agriculture, in a monthly crop report, left its forecast for domestic soyabean inventories unchanged at 125 million bushels. A

Published 09 Mar, 2013 12:00am

Gold steadies in Europe

Gold was steady on Friday around $1,577 per ounce, as investors focused squarely on key US jobs data that could yield further signals of an employment market on the mend and boost the case for toned-down Federal Reserve monetary easing. China, the world's

Published 09 Mar, 2013 12:00am

Gold flat in Asia

Gold hovered around $1,580 an ounce on Friday, ahead of the release of a key US job market report, after recent upbeat data boosted confidence in the economy and turned many investors away from the safe-haven metal. Spot gold was flat at $1,578.36 an ounc

Published 09 Mar, 2013 12:00am

Gold drops in New York

Gold fell 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 decline sn

Published 09 Mar, 2013 12:00am

Raw sugar lower

Raw sugar futures on ICE closed slightly lower on Friday after short-covering dried up following the previous session's 3 percent jump, while chart-based signals spurred a rally in cocoa. Robusta coffee futures on Liffe jumped for the third straight day,

Published 09 Mar, 2013 12:00am

Palm oil edges up

Malaysian palm oil futures inched up on Friday, posting a weekly gain of more than 3 percent, as expectations of upcoming bullish data offset investor caution after the industry's biggest annual meeting this week. Investors took positions ahead of the US

Published 09 Mar, 2013 12:00am

Soya and wheat jump

US wheat rebounded on Thursday from a nearly nine-month low, while soyabeans jumped on better-than-expected weekly export sales and expectations the government will tighten its supply outlook. Traders were buying back previously sold positions in soyabean

Published 09 Mar, 2013 12:00am

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1700 GMT.

Published 09 Mar, 2013 12:00am

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1700 GMT.

Published 09 Mar, 2013 12:00am

Tokyo rubber jumps

Tokyo rubber futures jumped 2.5 percent, near a two-week high on Friday, marking their biggest daily gain in a month on the back of easing Japanese yen, dealers said. Still, TOCOM prices failed to break above a major resistance of 300 yen level as weaker

Published 09 Mar, 2013 12:00am

Brent crude falls, high-priced RINs boost US gasoline

Brent crude futures fell on Friday as supportive US jobs data strengthened the dollar, while US gasoline futures rallied to a 2013 high because high-priced ethanol credits, or RINs, are making fuel imports from Europe too expensive.

Published 09 Mar, 2013 12:00am

Copper declines

Copper fell on Friday due to a stronger dollar, bucking a trend in surging global equities markets as commodities investors worried about increasing supply of the metal and lower demand. China's commodity imports were surprisingly weak in February, fallin

Published 09 Mar, 2013 12:00am

Shanghai copper rises

The most-traded June copper contract on the Shanghai Futures Exchange rose 0.59 percent to close at 56,740 yuan ($9,100) a tonne on Friday. "China's trade data will be very messy due to the Lunar New Year distortion. Non-farm payrolls is the big thing tod

Published 09 Mar, 2013 12:00am

New York cotton falls on price correction, ends longest rally in a month

Cotton declined for the first time in eight sessions on Thursday, stemming its longest series of daily gains in over a month, on a price correction in the technically-overbought market. The most-active May cotton contract on ICE Futures US slid 0.74 cent,

Published 09 Mar, 2013 12:00am

US Defence Secretary Hagel in Kabul on surprise visit

New US Defence Secretary Chuck Hagel landed in Afghanistan on Friday on an unannounced visit nine days after he was sworn into office, vowing to ensure a successful withdrawal of international troops. Hagel arrived in Kabul as the US-led military coalitio

Published 09 Mar, 2013 12:00am

Leaders from Cuba to Iran honour Chavez

Iran's Mahmoud Ahmadinejad and Cuba's Raul Castro joined about 30 other heads of state at Friday's funeral for Hugo Chavez in an emotional farewell to the charismatic but divisive Venezuelan leader who changed the face of politics in South America. Chavez

Published 09 Mar, 2013 12:00am

Palestinians clash with Israeli forces

Clashes broke out between Israeli security forces and Palestinian protesters in the occupied West Bank and at a holy site in Jerusalem on Friday as tensions rose just weeks before a visit by US President Barack Obama. Trouble broke out after the funeral i

Published 09 Mar, 2013 12:00am

North Korea scraps peace pacts as sanctions toughened

An enraged North Korea responded to new UN sanctions with fresh threats of nuclear war Friday, vowing to scrap peace pacts with South Korea as it upped the ante yet again after its recent atomic test. Pyongyang is renowned for its bellicose rhetoric, but

Published 09 Mar, 2013 12:00am

Bangladesh not to buy sugar in 2012-13

Bangladesh's state purchasing agency will not buy any sugar from international markets in the year to June, on rising output and good stocks of the sweetener, a senior official said on Thursday. In the last fiscal year that ended in June 2012, the Sugar a

Published 09 Mar, 2013 12:00am

Mexico central bank cuts rates to record low

Mexico's central bank cut interest rates on Friday for the first time in nearly four years, taking borrowing costs to a new record low as policymakers bet they are winning the battle against inflation in Latin America's second-largest economy.

Published 09 Mar, 2013 12:00am

Hungarian economy still in recession

Hungary remained in recession in the last quarter of 2012, with the economy contracting for the fourth quarter in a row, data by the national statistics office (KSH) showed Friday. Gross domestic product (GDP) shrank by 0.9 percent from the previous quart

Published 09 Mar, 2013 12:00am

McDonald's February sales fall less than feared

McDonald's Corp said February sales at established restaurants around the world fell less than expected, giving investors hope that new chief executive Don Thompson's strategy is paying off, and lifting shares to an 11-month high. Global sales at McDonald

Published 09 Mar, 2013 12:00am

McDonald's February sales fall less than feared

Published 09 Mar, 2013 12:00am

Switzerland refuses to void rich foreigners' tax rules

Switzerland's government on Friday rejected calls to axe special rules allowing rich foreigners resident in the country to pay less tax, saying the current system still raised crucial revenue. In a statement, the government said it had rejected demands by

Published 09 Mar, 2013 12:00am

BP backs Shell in response to Platts on Brent reform

BP Plc has supported aspects of a proposal made by Royal Dutch Shell over reforming the benchmark price assessment for Brent crude, rather than those of pricing agency Platts. Oil companies and Platts want to boost the credibility of Brent, a benchmark fo

Published 09 Mar, 2013 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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