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Print - 2013-04-24
ISE index sheds 10.66 points

ISE index sheds 10.66 points

Bears retained 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 10.66 points as the ISE Ten Index moved from 3,431.23 to 3,420.57 points. The overall turno
Published 24 Apr, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (April 23, 2013).

Published 24 Apr, 2013 12:00am
Hazards of the Hazara belt: Election Outlook - VI

Hazards of the Hazara belt: Election Outlook - VI

Maintaining eye contact is widely considered a basic component of social interaction. Failing to do so suggests you're shy or rude, or you're suffering from a serious bout of boredom. It also indicates your struggle aimed at trying to hide something. Nawa
Published 24 Apr, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (April 23, 2013).

Published 24 Apr, 2013 12:00am
Hazards of the Hazara belt: Election Outlook - VI

Hazards of the Hazara belt: Election Outlook - VI

Maintaining eye contact is widely considered a basic component of social interaction. Failing to do so suggests you're shy or rude, or you're suffering from a serious bout of boredom. It also indicates your struggle aimed at trying to hide something. Nawa
Published 24 Apr, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (April 23, 2013).

Published 24 Apr, 2013 12:00am
PSM CEO seeks Rs two billion loan from PIDC

PSM CEO seeks Rs two billion loan from PIDC

Pakistan Steel Mills (PSM) CEO Major General Muhammad Javed (Retired) has warned that the ''bleeding'' mill will shut down immediately if an amount of Rs 2 billion is not arranged from Pakistan Industrial Development Corporation (PIDC) as loan for procure
Published 24 Apr, 2013 12:00am
PSM CEO seeks Rs two billion loan from PIDC

PSM CEO seeks Rs two billion loan from PIDC

Pakistan Steel Mills (PSM) CEO Major General Muhammad Javed (Retired) has warned that the 'bleeding' mill will shut down immediately if an amount of Rs 2 billion is not arranged from Pakistan Industrial Development Corporation (PIDC) as loan for procureme
Published 24 Apr, 2013 12:00am
PSM CEO seeks Rs two billion loan from PIDC

PSM CEO seeks Rs two billion loan from PIDC

Pakistan Steel Mills (PSM) CEO Major General Muhammad Javed (Retired) has warned that the 'bleeding' mill will shut down immediately if an amount of Rs 2 billion is not arranged from Pakistan Industrial Development Corporation (PIDC) as loan for procureme
Published 24 Apr, 2013 12:00am
FBR expects to achieve revised collection target of Rs 2.19 trillion

FBR expects to achieve revised collection target of Rs 2.19 trillion

The provisional revenue collection during April 1-18, 2013 stood at Rs 93.367 billion against Rs 51.053 billion in the corresponding period last fiscal year, showing an increase of Rs 42.314 billion. Sources told Business Recorder here on Tuesday t
Published 24 Apr, 2013 12:00am
FBR expects to achieve revised collection target of Rs 2.19 trillion

FBR expects to achieve revised collection target of Rs 2.19 trillion

The provisional revenue collection during April 1-18, 2013 stood at Rs 93.367 billion against Rs 51.053 billion in the corresponding period last fiscal year, showing an increase of Rs 42.314 billion. Sources told Business Recorder here on Tuesday t
Published 24 Apr, 2013 12:00am
FBR expects to achieve revised collection target of Rs 2.19 trillion

FBR expects to achieve revised collection target of Rs 2.19 trillion

The provisional revenue collection during April 1-18, 2013 stood at Rs 93.367 billion against Rs 51.053 billion in the corresponding period last fiscal year, showing an increase of Rs 42.314 billion. Sources told Business Recorder here on Tuesday t
Published 24 Apr, 2013 12:00am
Nepra set to raise tariff by Rs 1.18 per unit

Nepra set to raise tariff by Rs 1.18 per unit

National Electric Power Regulatory Authority (Nepra) is all set to increase hydroelectric power rates by Rs 1.18 per unit for 2013-14 and Rs 2.20 per unit under the monthly fuel adjustment formula. Water and Power Development Authority (Wapda) has filed t
Published 24 Apr, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (April 23, 2013).

Published 24 Apr, 2013 12:00am
Nepra set to raise tariff by Rs 1.18 per unit

Nepra set to raise tariff by Rs 1.18 per unit

National Electric Power Regulatory Authority (Nepra) is all set to increase hydroelectric power rates by Rs 1.18 per unit for 2013-14 and Rs 2.20 per unit under the monthly fuel adjustment formula. Water and Power Development Authority (Wapda) has filed t
Published 24 Apr, 2013 12:00am
Nepra set to raise tariff by Rs 1.18 per unit

Nepra set to raise tariff by Rs 1.18 per unit

National Electric Power Regulatory Authority (Nepra) is all set to increase hydroelectric power rates by Rs 1.18 per unit for 2013-14 and Rs 2.20 per unit under the monthly fuel adjustment formula. Water and Power Development Authority (Wapda) has filed t
Published 24 Apr, 2013 12:00am
Dr Amjad briefs Prime Minister

Dr Amjad briefs Prime Minister

Advisor to the Prime Minister on Finance, Dr Shahid Amjad Chaudhry, called on Prime Minister Mir Hazar Khan Khoso at the Prime Minister''s House Tuesday. During the meeting, Dr Shahid briefed the Prime Minister on his recent visit to the United States whe
Published 24 Apr, 2013 12:00am
Dr Amjad briefs Prime Minister

Dr Amjad briefs Prime Minister

Advisor to the Prime Minister on Finance, Dr Shahid Amjad Chaudhry, called on Prime Minister Mir Hazar Khan Khoso at the Prime Minister's House Tuesday. During the meeting, Dr Shahid briefed the Prime Minister on his recent visit to the United States wher
Published 24 Apr, 2013 12:00am
Dr Amjad briefs Prime Minister

Dr Amjad briefs Prime Minister

Advisor to the Prime Minister on Finance, Dr Shahid Amjad Chaudhry, called on Prime Minister Mir Hazar Khan Khoso at the Prime Minister's House Tuesday. During the meeting, Dr Shahid briefed the Prime Minister on his recent visit to the United States wher
Published 24 Apr, 2013 12:00am
$5 billion EFF loan: post-May 11 government could approach Fund: Advisor

$5 billion EFF loan: post-May 11 government could approach Fund: Advisor

The country''s economic team has reached an understanding with the International Monetary Fund for a possible Extended Fund Facility (EFF) programme for the next government to deal with a likely balance of payment problem. This was stated by the Advisor t
Published 24 Apr, 2013 12:00am
$5 billion EFF loan: post-May 11 government could approach Fund: Advisor

$5 billion EFF loan: post-May 11 government could approach Fund: Advisor

The country's economic team has reached an understanding with the International Monetary Fund for a possible Extended Fund Facility (EFF) programme for the next government to deal with a likely balance of payment problem. This was stated by the Advisor to
Published 24 Apr, 2013 12:00am
$5 billion EFF loan: post-May 11 government could approach Fund: Advisor

$5 billion EFF loan: post-May 11 government could approach Fund: Advisor

The country's economic team has reached an understanding with the International Monetary Fund for a possible Extended Fund Facility (EFF) programme for the next government to deal with a likely balance of payment problem. This was stated by the Advisor to
Published 24 Apr, 2013 12:00am
BRIndex30 surges by 125.55 points

BRIndex30 surges by 125.55 points

On Tuesday, BRIndex30 opened at 12,114.57 and remained positive throughout the trading session. It touched an intraday high of 12,267.2 and an intraday low of 12146.57 and closed at 1224.12, which was 125.55 points or 1.04 percent higher than previous clo
Published 24 Apr, 2013 12:00am
BRIndex30 surges by 125.55 points

BRIndex30 surges by 125.55 points

On Tuesday, BRIndex30 opened at 12,114.57 and remained positive throughout the trading session. It touched an intraday high of 12,267.2 and an intraday low of 12146.57 and closed at 1224.12, which was 125.55 points or 1.04 percent higher than previous clo
Published 24 Apr, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 23, 2013).

Published 24 Apr, 2013 12:00am
Index gains 41.74 points

Index gains 41.74 points

Karachi Stock Exchange (KSE) on Tuesday witnessed renewed buying in various sectors on Tuesday due to better results and the benchmark-100 index gained 41.74 points to close at 18,647.29 points against 18,605.55 points Monday. Commenting on the market per
Published 24 Apr, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 23, 2013).
Published 24 Apr, 2013 12:00am
Index gains 41.74 points

Index gains 41.74 points

Karachi Stock Exchange (KSE) on Tuesday witnessed renewed buying in various sectors on Tuesday due to better results and the benchmark-100 index gained 41.74 points to close at 18,647.29 points against 18,605.55 points Monday. Commenting on the market per
Published 24 Apr, 2013 12:00am
Index gains 41.74 points

Index gains 41.74 points

Karachi Stock Exchange (KSE) on Tuesday witnessed renewed buying in various sectors on Tuesday due to better results and the benchmark-100 index gained 41.74 points to close at 18,647.29 points against 18,605.55 points Monday. Commenting on the market per
Published 24 Apr, 2013 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (April 23, 2013).

Published 24 Apr, 2013 12:00am
Sindh's sons won't allow 'Zia's remnants' to win: Bilawal

Sindh's sons won't allow 'Zia's remnants' to win: Bilawal

The following is the text of speech of Patron-in-Chief, PPP, Bilawal Bhutto Zardari that he read out at a public meeting held at Gojar Khan on Tuesday which was also addressed by the former Prime Minister Raja Pervez Ashraf: The time has brought us at the
Published 24 Apr, 2013 12:00am
Sindh's sons won't allow 'Zia's remnants' to win: Bilawal

Sindh's sons won't allow 'Zia's remnants' to win: Bilawal

The following is the text of speech of Patron-in-Chief, PPP, Bilawal Bhutto Zardari that he read out at a public meeting held at Gojar Khan on Tuesday which was also addressed by the former Prime Minister Raja Pervez Ashraf: The time has brought us at the
Published 24 Apr, 2013 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (April 23, 2013).

Published 24 Apr, 2013 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (April 23, 2013).

Published 24 Apr, 2013 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (April 23, 2013).

Published 24 Apr, 2013 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 24 Apr, 2013 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 24 Apr, 2013 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 24 Apr, 2013 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 24 Apr, 2013 12:00am
No additional gas available for power sector

No additional gas available for power sector

The current levels of power cuts - 12 hours in urban and 18 to 20 hours in rural areas - is being made possible through 16,000 tons of furnace oil supplies daily to generation companies, which the caretaker government wants to enhance to 20,000 tons as we
Published 24 Apr, 2013 12:00am
General Motors to launch 17 models in China this year

General Motors to launch 17 models in China this year

General Motors will launch 17 new or updated models in China this year as it seeks to maintain dominance in the world's largest car market, the US auto giant's China boss said Friday. GM's vehicle sales in China rose an annual 11.3 percent last year to a
Published 24 Apr, 2013 12:00am
No additional gas available for power sector

No additional gas available for power sector

The current levels of power cuts - 12 hours in urban and 18 to 20 hours in rural areas - is being made possible through 16,000 tons of furnace oil supplies daily to generation companies, which the caretaker government wants to enhance to 20,000 tons as we
Published 24 Apr, 2013 12:00am
India panel urges scrapping of coal mine allocations

India panel urges scrapping of coal mine allocations

An Indian parliamentary panel on Tuesday urged the scrapping of "illegal" allocations of coal mines between 1993 to 2010 to private firms, creating fresh uncertainty in the key energy sector. The panel's report added fuel to an ongoing row, dubbed "Coalga
Published 24 Apr, 2013 12:00am
No additional gas available for power sector

No additional gas available for power sector

The current levels of power cuts - 12 hours in urban and 18 to 20 hours in rural areas - is being made possible through 16,000 tons of furnace oil supplies daily to generation companies, which the caretaker government wants to enhance to 20,000 tons as we
Published 24 Apr, 2013 12:00am
SAP's cloud computing push stalls in Asia

SAP's cloud computing push stalls in Asia

SAP AG's Asian business stumbled at the start of 2013 when top sales managers left the business software company, giving rivals an edge just as customers were switching from hardware to cloud computing. The German company vowed to get its Asia Pacific bus
Published 24 Apr, 2013 12:00am
Soldier among six killed in Quetta suicide blast

Soldier among six killed in Quetta suicide blast

A suicide bomber blew up his car at a check point near a Shia dominated area here late on Tuesday, killing six people and wounding more than 30, officials said. The attacker had attempted to drive his vehicle into Hazara Town, where a recent surge in sect
Published 24 Apr, 2013 12:00am
SAP's cloud computing push stalls in Asia

SAP's cloud computing push stalls in Asia

SAP AG's Asian business stumbled at the start of 2013 when top sales managers left the business software company, giving rivals an edge just as customers were switching from hardware to cloud computing. The German company vowed to get its Asia Pacific bus
Published 24 Apr, 2013 12:00am
Soldier among six killed in Quetta suicide blast

Soldier among six killed in Quetta suicide blast

A suicide bomber blew up his car at a check point near a Shia dominated area here late on Tuesday, killing six people and wounding more than 30, officials said. The attacker had attempted to drive his vehicle into Hazara Town, where a recent surge in sect
Published 24 Apr, 2013 12:00am
Swiss accuse EU of protecting financial markets

Swiss accuse EU of protecting financial markets

Switzerland accused the European Union on Monday of being protectionist and fragmenting global markets with new rules that are unfair to countries outside the bloc. The clash highlights the difficulties faced by regulators seeking to make markets safer af
Published 24 Apr, 2013 12:00am
MQM suspends poll drive after attack: two killed, 13 injured

MQM suspends poll drive after attack: two killed, 13 injured

At least two persons were killed on Tuesday in a roadside blast in the North Nazimabad area near an MQM election camp office near People's Chowrangi in the limits of Taimooria police station, prompting Muttahida Qaumi Movement (MQM) to declare that it wou
Published 24 Apr, 2013 12:00am
Swiss accuse EU of protecting financial markets

Swiss accuse EU of protecting financial markets

Switzerland accused the European Union on Monday of being protectionist and fragmenting global markets with new rules that are unfair to countries outside the bloc. The clash highlights the difficulties faced by regulators seeking to make markets safer af
Published 24 Apr, 2013 12:00am
MQM suspends poll drive after attack: two killed, 13 injured

MQM suspends poll drive after attack: two killed, 13 injured

At least two persons were killed on Tuesday in a roadside blast in the North Nazimabad area near an MQM election camp office near People's Chowrangi in the limits of Taimooria police station, prompting Muttahida Qaumi Movement (MQM) to declare that it wou
Published 24 Apr, 2013 12:00am
BoJ needs QE, structural reforms: OECD

BoJ needs QE, structural reforms: OECD

The Bank of Japan should stick with its expanded quantitative easing to achieve its inflation target, but this may not be enough to foster sustainable economic growth unless it is coupled with structural reforms, the OECD said on Tuesday.
Published 24 Apr, 2013 12:00am
FIA told to include Musharraf in Benazir murder case

FIA told to include Musharraf in Benazir murder case

An Anti-Terrorism Court (ATC) on Tuesday ordered the Federal Investigation Agency (FIA) to include former military ruler Pervez Musharraf in Benazir Bhutto murder case. The ATC judge Chaudhry Habib-ur-Rehman sought complete challan from the FIA in Benazir
Published 24 Apr, 2013 12:00am
BoJ needs QE, structural reforms: OECD

BoJ needs QE, structural reforms: OECD

The Bank of Japan should stick with its expanded quantitative easing to achieve its inflation target, but this may not be enough to foster sustainable economic growth unless it is coupled with structural reforms, the OECD said on Tuesday.
Published 24 Apr, 2013 12:00am
FIA told to include Musharraf in Benazir murder case

FIA told to include Musharraf in Benazir murder case

An Anti-Terrorism Court (ATC) on Tuesday ordered the Federal Investigation Agency (FIA) to include former military ruler Pervez Musharraf in Benazir Bhutto murder case. The ATC judge Chaudhry Habib-ur-Rehman sought complete challan from the FIA in Benazir
Published 24 Apr, 2013 12:00am
Richemont profit eases Asia demand fears

Richemont profit eases Asia demand fears

Cartier watches maker Richemont said full-year profit would beat expectations, easing fears about a sharp slowdown in demand for luxury goods in Asia, the engine of the industry's recent growth. The Swiss group, which also makes Montblanc pens and Van Cle
Published 24 Apr, 2013 12:00am
Richemont profit eases Asia demand fears

Richemont profit eases Asia demand fears

Cartier watches maker Richemont said full-year profit would beat expectations, easing fears about a sharp slowdown in demand for luxury goods in Asia, the engine of the industry's recent growth. The Swiss group, which also makes Montblanc pens and Van Cle
Published 24 Apr, 2013 12:00am
DuPont profit doubles as drought boosts farm sales

DuPont profit doubles as drought boosts farm sales

Chemicals maker DuPont's quarterly profit more than doubled as the worst dry spell in decades encouraged US farmers to buy its drought-hardy seeds and crop-protection products to boost yields. Strong wheat, corn and soybean prices also spurred agricultura
Published 24 Apr, 2013 12:00am
DuPont profit doubles as drought boosts farm sales

DuPont profit doubles as drought boosts farm sales

Chemicals maker DuPont's quarterly profit more than doubled as the worst dry spell in decades encouraged US farmers to buy its drought-hardy seeds and crop-protection products to boost yields. Strong wheat, corn and soybean prices also spurred agricultura
Published 24 Apr, 2013 12:00am
Piraeus Bank to stay private in 7.3 billion-euro capital boost

Piraeus Bank to stay private in 7.3 billion-euro capital boost

Piraeus Bank, one of the four main Greek lenders, on Tuesday said it had mustered the necessary funds to remain private with a 7.3-billion-euro ($9.5 billion) recapitalisation drive. "Given that Piraeus Bank has already agreed on the participation of BCP
Published 24 Apr, 2013 12:00am
Piraeus Bank to stay private in 7.3 billion-euro capital boost

Piraeus Bank to stay private in 7.3 billion-euro capital boost

Piraeus Bank, one of the four main Greek lenders, on Tuesday said it had mustered the necessary funds to remain private with a 7.3-billion-euro ($9.5 billion) recapitalisation drive. "Given that Piraeus Bank has already agreed on the participation of BCP
Published 24 Apr, 2013 12:00am
ECB policymakers hint at possible interest rate cut

ECB policymakers hint at possible interest rate cut

Comments by European Central Bank policymakers on Monday stressing falling inflation and poor growth prospects in the eurozone suggest the ECB may be leaning towards a further cut in its main refinancing rate.
Published 24 Apr, 2013 12:00am
Chinese crude imports from Iran fall 22 percent

Chinese crude imports from Iran fall 22 percent

Chinese crude oil imports from Iran fell 22 percent in March from February on a daily basis, taking first-quarter imports to about 410,000 barrels per day, or 7 percent below the average rate in 2012, customs data showed. China - along with the other main
Published 24 Apr, 2013 12:00am
Halliburton in Gulf spill settlement talks, takes charge

Halliburton in Gulf spill settlement talks, takes charge

Halliburton Co is in talks to settle private claims against it in a trial to determine how to allocate blame for the 2010 Gulf of Mexico spill, the oilfield services company said on Monday, as it took a $1 billion pretax charge for a possible deal. Disclo
Published 24 Apr, 2013 12:00am
Ivorian cocoa arrivals down

Ivorian cocoa arrivals down

Cocoa arrivals at ports in top grower Ivory Coast reached around 1,064,000 tonnes by April 21 since the start of the season in October, exporters estimated on Monday, compared with 1,078,000 tonnes in the same period of the previous season.
Published 24 Apr, 2013 12:00am
Indian sugar futures steady

Indian sugar futures steady

Indian sugar futures were steady on Tuesday as lower-level buying offset surplus supplies and a drop in overseas prices. The key June contract on India's National Commodity and Derivatives Exchange was down 0.07 percent at 2,994 rupees ($55.26) per 100 kg
Published 24 Apr, 2013 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Cash bids for hard red winter wheat held mostly steady in the southern US Plains on Tuesday, supported by an absence of country selling as producers awaited a better sense of crop prospects, dealers said. The Gulf track basis firmed by 2 cents, to $1.30 o
Published 24 Apr, 2013 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Monday due to downward pressure on the US soybean market, traders said. The market was also retreating from a rally that pushed prices up 4.7 percent during the last two weeks. May canola dropped $3.00 to $647 per tonne
Published 24 Apr, 2013 12:00am
'Soyameal supplies to remain tight up to May'

'Soyameal supplies to remain tight up to May'

Global soyameal supplies are likely to remain tight up to May and possibly even June because of a slow start to exports of South America's new soyabean crop this year, Hamburg-based oilseeds analysts Oil World said on Tuesday. Consumers of soyameal, a maj
Published 24 Apr, 2013 12:00am