Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani discussed in details with formation commanders the deployment of troops at various polling stations across the country during forthcoming general elections. The ISPR stated that plans to provide secu
On Thursday, BRIndex30 opened at 12,625.83. It touched an intraday high of 12,702.42 and an intraday low of 12,577.29 and closed at 12,643.04 which was 17.21 points or 0.14 percent higher than previous close. Total volume was 64,293,300, which was 51.37 p
On Thursday, BRIndex30 opened at 12,625.83. It touched an intraday high of 12,702.42 and an intraday low of 12,577.29 and closed at 12,643.04 which was 17.21 points or 0.14 percent higher than previous close. Total volume was 64,293,300, which was 51.37 p
Karachi share market saw 13th consecutive bull-run Thursday as the KSE-100 index gained 45.72 points to close again at an all-time-high level of 18,764.55 points against 18,723.35 points Wednesday. Commenting on the market performance, Zafar Moti, senior
Karachi share market saw 13th consecutive bull-run Thursday as the KSE-100 index gained 45.72 points to close again at an all-time-high level of 18,764.55 points against 18,723.35 points Wednesday. Commenting on the market performance, Zafar Moti, senior
Karachi share market saw 13th consecutive bull-run Thursday as the KSE-100 index gained 45.72 points to close again at an all-time-high level of 18,764.55 points against 18,723.35 points Wednesday. Commenting on the market performance, Zafar Moti, senior
Countries will face risks of financial instability if central banks do not manage well the winding down of their easy-money monetary policies, the IMF said Thursday. Risks do not necessarily come from the extremely low interest rates and high liquidity me
Countries will face risks of financial instability if central banks do not manage well the winding down of their easy-money monetary policies, the IMF said Thursday. Risks do not necessarily come from the extremely low interest rates and high liquidity me
Countries will face risks of financial instability if central banks do not manage well the winding down of their easy-money monetary policies, the IMF said Thursday. Risks do not necessarily come from the extremely low interest rates and high liquidity me
Securities and Exchange Commission of Pakistan (SECP) has categorically stated that the regulator will not bow to the pressure of powerful brokerage mafia and will continue to take corrective measures to eliminate market manipulation. The SECP also discar
Securities and Exchange Commission of Pakistan (SECP) has categorically stated that the regulator will not bow to the pressure of powerful brokerage mafia and will continue to take corrective measures to eliminate market manipulation. The SECP also discar
Securities and Exchange Commission of Pakistan (SECP) has categorically stated that the regulator will not bow to the pressure of powerful brokerage mafia and will continue to take corrective measures to eliminate market manipulation. The SECP also discar
Amid conflicting statements with respect to power sector, Advisor to Finance Ministry Rana Asad Amin said a meeting chaired by the Prime Minister decided that power sector would be provided Rs 20 billion but the amount would not be provided immediately ra
Amid conflicting statements with respect to power sector, Advisor to Finance Ministry Rana Asad Amin said a meeting chaired by the Prime Minister decided that power sector would be provided Rs 20 billion but the amount would not be provided immediately ra
Amid conflicting statements with respect to power sector, Advisor to Finance Ministry Rana Asad Amin said a meeting chaired by the Prime Minister decided that power sector would be provided Rs 20 billion but the amount would not be provided immediately ra
Fifteen militants and one soldier were killed on Thursday when the military mounted another operation in a week of fighting designed to seize control of a remote but strategic valley in the north-west, the army said. The military has faced fierce resistan
Fifteen militants and one soldier were killed on Thursday when the military mounted another operation in a week of fighting designed to seize control of a remote but strategic valley in the north-west, the army said. The military has faced fierce resistan
The State Bank of Pakistan (SBP) is releasing the Monetary Policy Statement (MPS) today (Friday) with expectations of no change in key interest rate for next two months. The central board of directors of the State Bank will meet today (April 12, 2013) at
The State Bank of Pakistan (SBP) is releasing the Monetary Policy Statement (MPS) today (Friday) with expectations of no change in key interest rate for next two months. The central board of directors of the State Bank will meet today (April 12, 2013) at
The State Bank of Pakistan (SBP) is releasing the Monetary Policy Statement (MPS) today (Friday) with expectations of no change in key interest rate for next two months. The central board of directors of the State Bank will meet today (April 12, 2013) at
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
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
Mexico placed a 1.6 billion euro ($2.09 billion) bond on Tuesday, securing its biggest-ever issue in the euro currency as well as a record low yield, the finance ministry said. "It will be a very important benchmark," Alejandro Diaz de Leon, the head of t
China's banks bought foreign exchange from firms on a net basis in February for the third consecutive month, data showed, suggesting corporate demand for yuan-denominated assets is rebounding as the world's second-largest economy recovers. Chinese central
A Chilean court suspended construction of what would be one of the world's biggest gold mines on Wednesday, accepting a complaint filed by indigenous groups on environmental grounds. The project was launched in 2009 by Canadian mining company Barrick Gold
Indian sugar futures extended the previous session's gains on Thursday on an improvement in demand from bulk consumers, though ample supplies capped the upside. The most-active sugar contract for May delivery on India's National Commodity and Derivatives
Farms in Ukraine's southern regions have started sunflower and sugar beet sowing for 2013, two weeks later than last year, the Agriculture Ministry said on Thursday. Rains and snowfall covered almost all Ukrainian regions in late March, delaying sowing an
The Karachi Port handled 103,171 tonnes of cargo comprising 73,435 tonnes of import cargo and 29,736 tonnes of export cargo including 4,487 loaded and empty containers during the last 24 hours ended at 0700 hours on Thursday. The total import cargo of 73,
ICE Canadian canola futures rose on Wednesday, bucking pressure from bearish US Department of Agriculture data as attention turned to tight Canadian canola supplies, traders said. Concerns about thin Canadian supplies have grown with planting season expec
Prices moved both ways on the wholesale grain market on Thursday in process of slow trading, dealers said. On the cereals side, Makai low type was higher by Rs 125 to Rs 2750 and the best quality was up by Rs 50 to Rs 2875, wheat old (Bardan) gained Rs 45
Both the futures were higher on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The May vaida ended at Rs 911.00, in the meantime, it managed to gain 30 paisa at Rs 911.30 in the morning session, dealers said. T
Prices of seed cotton fell on the cotton market on Thursday following the United States Department of Agriculture (USDA) crop report about record global inventories, dealers said. The official spot rate was inert at Rs 6,800, they said. Rates of seed cott
This week the domestic cotton prices suffered some losses in a quiet market displaying indifference of the spinners. Lint prices are said to have conceded Rs 200 to Rs 300 per maund (37.32 Kgs) within one week. It could be a measure of correction but it r
This week the domestic cotton prices suffered some losses in a quiet market displaying indifference of the spinners. Lint prices are said to have conceded Rs 200 to Rs 300 per maund (37.32 Kgs) within one week. It could be a measure of correction but it r
Several top US retailers, including Costco Wholesale Corp and T.J. Maxx parent TJX Cos Inc, reported weaker-than-expected March sales as cold weather and lingering concerns about the job market chilled shoppers' enthusiasm. Costco reported weak internatio
The Post Office will provide a new competitor to Britain's established but unpopular high street banks, offering current accounts to customers at its 11,500 branches across the UK from this spring. The government-owned Post Office said its move to add cur
The worst of the budget crunch that afflicted US state governments after the 2008 financial crisis appears over, data from the US Census showed on Thursday. The Census reported that state tax collections last year surpassed their previous peak, and all bu
The number of Americans filing new claims for unemployment benefits fell more than expected last week, easing fears of a marked deterioration in labour market conditions after a surprise stumble in job growth in March. Initial claims for state unemploymen
The opening up of China's $3 trillion mainland share market, one of the world's last big investment frontiers, is setting the stage for a huge shake up of equity indices and global fund flows. The A-shares of the giant stock markets of Shanghai and Shenzh
Russia's economic ministry on Thursday slashed the country's 2013 growth forecast to 2.4 from 3.6 percent amid a slowdown of both industrial output and consumer demand. Deputy Economic Development Minister Andrei Klepach also lowered the direct investment
Sao Paulo has been picked by the Financial Times' intelligence unit as the most attractive Latin American city for foreign investment, the state government said Thursday. FDintelligence picked Brazil's economic capital and wealthiest city as the "Latin Am
Cyprus confirmed on Thursday that the cost of its EU-IMF bailout has surged to 23 billion euros ($30 billion) from 17.5 billion euros, putting the already teetering economy in danger of collapse and further endangering large bank depositors. "It's a fact
Indian premier Manmohan Singh said Thursday the eurozone crisis was hurting the world economy, as German leader Angela Merkel pledged robust efforts to ensure it was not a drag on global growth. Singh and the German chancellor were speaking after a joint
Four Japanese automakers including Toyota Motor Corp, and Nissan Motor Co are recalling 3.4 million vehicles sold around the world because airbags supplied by Takata Corp are at risk of catching fire or injuring passengers. The move announced on Thursday
The International Monetary Fund (IMF) has approved the payment of $385 million to Jordan, in the second tranche of a three-year $2 billion loan to help the country speed up its economic reforms, the finance minister said on Thursday. Jordan was hit by a f
Hong Kong shares rose for a third straight day after official data showed Chinese lending and money supply exceeded expectations in March, dissipating credit tightening fears, but Thursday's trading volume was low. Mainland Chinese markets stayed sluggish
US stocks rose on Thursday, with the Dow and the S&P 500 climbing to fresh all-time intraday highs after data showed jobless claims dropped more than expected. Nevertheless, technology stocks were the day's underperformers, with tech bluechips such as Mic
US stocks climbed 1 percent on Wednesday, with both the Dow and S&P 500 ending at historic highs as cyclical shares led the way higher for a second straight day. The S&P 500 finally joined the new all-time intraday high club, surging past a record set on
Egypt's bourse hit a two-week high on Thursday after Qatar and Libya pledged $5 billion in funding to the cash-strapped Arab country, while most Gulf markets also gain in earnings anticipation. Qatari Prime Minister Sheikh Hamad bin Jassim al-Thani said Q
South Korean shares rose for the third day on Thursday as bargain-hunting drove tech stocks higher, recovering from a dip following the central bank's decision to hold the base rate. The Korea Composite Stock Price Index (KOSPI) closed up 0.7 percent at 1
US Treasuries prices sank on Wednesday after minutes from the Federal Reserve's March policy meeting fuelled fears the US central bank might slow or stop buying bonds by year-end. The minutes of the central bank's meeting, released earlier than originally
US Treasuries prices sank on Wednesday after minutes from the Federal Reserve's March policy meeting fuelled fears the US central bank might slow or stop buying bonds by year-end. The minutes of the central bank's meeting, released earlier than originally
Japan's Nikkei share average jumped to end above 13,500 on Thursday, the first time it has done so in almost five years, with the bullish mood in place since the central bank announced unprecedented stimulus measures showing few signs of abating. The benc
European shares rose for the fourth consecutive day on Thursday, as bumper gains for asset managers benefiting from this year's equity rally lifted financial stocks. Fund managers and traders said that even if there was a near-term pull back, as some inve
Malaysian stocks hit an all-time high on Thursday, helped by gains in bluechips amid continued foreign inflows, while all other Southeast Asian markets also gained after fresh data underscored a recovery in China. Kuala Lumpur's Composite Index hit a new
Britain's top share index rose for the fourth consecutive day on Thursday, helped by a surge in retailer Marks & Spencer and financial stocks as well as by strong data on the US economy. The FTSE 100 rose 28.77 points, or 0.5 percent, to 6,416.14 points,
The yuan closed slightly lower against the dollar on Thursday after the People's Bank of China (PBOC) fixed a moderately weaker official midpoint to guide the Chinese currency away from a record high hit a day earlier, traders said. The spot rate closed a
The New Zealand dollar scaled a 20-month high against the US dollar on Thursday, while holding near five-year peaks on the yen on expectations Japan's massive monetary stimulus would lift demand for higher-yielding assets. The kiwi led the currency pack,
The dollar hovered near a four-year high against the yen on Thursday after the minutes of the US Federal Reserve's March meeting raised expectations it will scale back its bond-buying spree by the end of the year. Such a possibility contrasts with the sta
The dollar paused on Thursday before an expected assault on the 100 yen level, but the yen extended its falls against other currencies and hit a three-year low against the euro. The euro was helped as Italy's three-year debt costs fell to their lowest sin
The dollar on Thursday moved off a four-year high against the yen, but still looked bound to climb above the key 100 yen level as traders bet the Bank of Japan's aggressive monetary easing will trigger further yen weakness. The euro, meanwhile, climbed to
The dollar rose to a four-year high against the yen on Wednesday, edging closer to the key 100-yen mark after minutes of the US Federal Reserve's March meeting raised expectations it will finish its bond-buying spree by the end of the year. The US central
Interbank buy/sell rates for the taka against the dollar on Thursday. 78.02-78.02 (78.05-78.0550). Call Money Rates: 06.75-07.50 percent (previous 05.75-07.50 percent.
India's currency and debt markets are closed on Thursday for a local holiday. The markets will re-open on Friday, April 12. The partially convertible rupee closed at 54.52/53 per dollar on Wednesday, marginally stronger compared with its Tuesday close of
The Swiss franc was unchanged on Thursday against the dollar, which perked up after the minutes of the US Federal Reserve's March meeting raised expectations it will scale back its bond-buying spree by the end of the year. The franc was unchanged against
The South Korean won led gains among emerging Asian currencies on Thursday, boosted by the central bank's surprise hold of the country's benchmark rate, though some gains were later pared as foreigners sold bond futures. The Bank of Korea's monetary polic