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Print - 2013-06-11
Key fiscal targets missed

Key fiscal targets missed

Pakistan has missed most of the targets set for the fiscal year 2012-13 including Gross Domestic Product (GDP) growth, savings, investment, revenue collection and services sector with agriculture and manufacturing sector showing mixed trends. According to
Published 11 Jun, 2013 12:00am
Key fiscal targets missed

Key fiscal targets missed

Pakistan has missed most of the targets set for the fiscal year 2012-13 including Gross Domestic Product (GDP) growth, savings, investment, revenue collection and services sector with agriculture and manufacturing sector showing mixed trends. According to
Published 11 Jun, 2013 12:00am
Key fiscal targets missed

Key fiscal targets missed

Pakistan has missed most of the targets set for the fiscal year 2012-13 including Gross Domestic Product (GDP) growth, savings, investment, revenue collection and services sector with agriculture and manufacturing sector showing mixed trends. According to
Published 11 Jun, 2013 12:00am
Withdrawal of 350 megawatts: government, KESC lock horns

Withdrawal of 350 megawatts: government, KESC lock horns

Federal government and Karachi Electric Supply Company (KESC) management have reportedly locked horns over proposed withdrawal of 350 MW electricity being supplied to KESC by National Transmission and Dispatch Company (NTDC), well informed sources told <i
Published 11 Jun, 2013 12:00am
Withdrawal of 350 megawatts: government, KESC lock horns

Withdrawal of 350 megawatts: government, KESC lock horns

Federal government and Karachi Electric Supply Company (KESC) management have reportedly locked horns over proposed withdrawal of 350 MW electricity being supplied to KESC by National Transmission and Dispatch Company (NTDC), well informed sources told <i
Published 11 Jun, 2013 12:00am
Withdrawal of 350 megawatts: government, KESC lock horns

Withdrawal of 350 megawatts: government, KESC lock horns

Federal government and Karachi Electric Supply Company (KESC) management have reportedly locked horns over proposed withdrawal of 350 MW electricity being supplied to KESC by National Transmission and Dispatch Company (NTDC), well informed sources told <i
Published 11 Jun, 2013 12:00am
Senate body for scrapping deal with KESC

Senate body for scrapping deal with KESC

Senate Standing Committee on Water and Power on Monday recommended to the government to scrap 650MW power sale agreement with Karachi Electric Supply Company (KESC) to provide relief to consumers in other parts of the country. Chairman of the committee, Z
Published 11 Jun, 2013 12:00am
Senate body for scrapping deal with KESC

Senate body for scrapping deal with KESC

Senate Standing Committee on Water and Power on Monday recommended to the government to scrap 650MW power sale agreement with Karachi Electric Supply Company (KESC) to provide relief to consumers in other parts of the country. Chairman of the committee, Z
Published 11 Jun, 2013 12:00am
Senate body for scrapping deal with KESC

Senate body for scrapping deal with KESC

Senate Standing Committee on Water and Power on Monday recommended to the government to scrap 650MW power sale agreement with Karachi Electric Supply Company (KESC) to provide relief to consumers in other parts of the country. Chairman of the committee, Z
Published 11 Jun, 2013 12:00am
21-member Punjab cabinet takes oath

21-member Punjab cabinet takes oath

A 21-member Punjab cabinet took oath here on Monday during a ceremony held at Governor's House. Punjab Governor Makhdoom Ahmed Mehmood administered the oath to the cabinet. Punjab Chief Minister Shahbaz Sharif was also present on the occasion.
Published 11 Jun, 2013 12:00am
21-member Punjab cabinet takes oath

21-member Punjab cabinet takes oath

A 21-member Punjab cabinet took oath here on Monday during a ceremony held at Governor's House. Punjab Governor Makhdoom Ahmed Mehmood administered the oath to the cabinet. Punjab Chief Minister Shahbaz Sharif was also present on the occasion.
Published 11 Jun, 2013 12:00am
Zardari delivers swan song

Zardari delivers swan song

In his sixth historic address to the joint session of parliament, President Asif Ali Zardari on Monday called for an end to political confrontation to effectively deal with the daunting challenges and strengthening the teething democracy in the country.
Published 11 Jun, 2013 12:00am
Zardari delivers swan song

Zardari delivers swan song

In his sixth historic address to the joint session of parliament, President Asif Ali Zardari on Monday called for an end to political confrontation to effectively deal with the daunting challenges and strengthening the teething democracy in the country.
Published 11 Jun, 2013 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (June 10, 2013).
Published 11 Jun, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (June 10, 2013).

Published 11 Jun, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 10, 2013).

Published 11 Jun, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 10, 2013).
Published 11 Jun, 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 Monday (June 10, 2013).

Published 11 Jun, 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 Monday (June 10, 2013).

Published 11 Jun, 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 Monday (June 10, 2013).

Published 11 Jun, 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 Monday (June 10, 2013).

Published 11 Jun, 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 11 Jun, 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 11 Jun, 2013 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 11 Jun, 2013 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 11 Jun, 2013 12:00am
Indian coffee prices firm

Indian coffee prices firm

Indian coffee prices were steady at last week's auction amid muted trading activity in the physical market. "All varieties of coffee on offer received limited enquiry as sellers' price indication was higher than buyers' interest," said auctioneer J. Thoma
Published 11 Jun, 2013 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was higher and December vaida was unchanged on the forward cottonseeds oilcake market, dealer said. The July contract commenced at Rs 998.50 and it opened with a rise of 30 paisa at Rs 998.80, they said. The December future was closed at Rs
Published 11 Jun, 2013 12:00am
Lacklustre trading on cotton market

Lacklustre trading on cotton market

Dullness prevailed on the cotton market on Monday as mills were not ready to pay higher rates in anticipation of decline in prices because of fresh arrivals of new crop, dealers said. The official spot rate was unchanged at Rs 6,400, they said. The seed c
Published 11 Jun, 2013 12:00am
Rising trend on grain market

Rising trend on grain market

An upward trend was witnessed on the wholesale grain market on Monday in the process of trading, dealers said. On the cereals side, makai low type gained Rs 125 to Rs 2875-2900, jawar low variety was rose by Rs 50 to Rs 2550 and the best quality was uncha
Published 11 Jun, 2013 12:00am
Syria's wheat output seen falling

Syria's wheat output seen falling

Syria's wheat output is expected to fall further this year after last year's harvest was 37 percent below average, hit by a civil war that has raged for two years, the United Nations' food agency said. The Food and Agriculture Organisation's (FAO) emergen
Published 11 Jun, 2013 12:00am
Ukraine to boost grain harvest to 53-54 million tonnes

Ukraine to boost grain harvest to 53-54 million tonnes

Ukraine's grain harvest is likely to rise by about 17 percent to 53-54 million tonnes this year, two million tonnes below its record crop of 56 million tonnes in 2011, the Agriculture Ministry said in its first detailed forecast of the season.
Published 11 Jun, 2013 12:00am
Russian new-crop wheat prices fall

Russian new-crop wheat prices fall

Prices for new-crop Russian wheat fell for the second week in a row as rains improved prospects for the harvest and the country's exports, SovEcon agriculture analysts said on Monday. Russia's 2013 grain harvest will rise 34 percent year-on-year, to 95 mi
Published 11 Jun, 2013 12:00am
Indian oilseeds, soyaoil futures steady

Indian oilseeds, soyaoil futures steady

Indian oilseeds and soyaoil futures were treading water on Monday as a depreciating rupee outweighed ample rainfall in southern and western states, which could boost sowing of soyabeans. Weak export demand for Indian oilmeals also weighed on sentiment.
Published 11 Jun, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 108,596 tonnes of cargo comprising 58,031 tonnes of import cargo and 50,565 tonnes of export cargo including 5,050 loaded and empty containers during the last 24 hours ended at 0700 hours on Monday. The total import cargo of 58,03
Published 11 Jun, 2013 12:00am
Indian sugar futures fall on weak demand

Indian sugar futures fall on weak demand

Indian sugar futures fell on Monday on sluggish demand from bulk consumers and good rainfall in cane growing areas in western and southern states. The key July contract on the National Commodity and Derivatives Exchange was down 0.64 percent at 3,107 rupe
Published 11 Jun, 2013 12:00am
Doughty Hanson sells Vue cinema chain for $1.5 billion

Doughty Hanson sells Vue cinema chain for $1.5 billion

Private equity group Doughty Hanson has sold cinema operator Vue Entertainment to two Canadian investors for 935 million pounds ($1.5 billion), cashing in on an industry where new technologies like 3D movies have helped it to thrive in recession. The sale
Published 11 Jun, 2013 12:00am
Doughty Hanson sells Vue cinema chain for $1.5 billion

Doughty Hanson sells Vue cinema chain for $1.5 billion

Private equity group Doughty Hanson has sold cinema operator Vue Entertainment to two Canadian investors for 935 million pounds ($1.5 billion), cashing in on an industry where new technologies like 3D movies have helped it to thrive in recession. The sale
Published 11 Jun, 2013 12:00am
Bidder for UK's Severn Trent threatens to walk away

Bidder for UK's Severn Trent threatens to walk away

The Canadian-led consortium trying to buy Britain's Severn Trent threatened to walk away after its third approach was rejected, prompting two of the water utility's major shareholders to urge a return to talks. Shares in the British company dropped almost
Published 11 Jun, 2013 12:00am
Bidder for UK's Severn Trent threatens to walk away

Bidder for UK's Severn Trent threatens to walk away

The Canadian-led consortium trying to buy Britain's Severn Trent threatened to walk away after its third approach was rejected, prompting two of the water utility's major shareholders to urge a return to talks. Shares in the British company dropped almost
Published 11 Jun, 2013 12:00am
AstraZeneca buys US lung drug firm Pearl for up to $1.15 billion

AstraZeneca buys US lung drug firm Pearl for up to $1.15 billion

AstraZeneca is to buy US respiratory drug specialist Pearl Therapeutics for up to $1.15 billion as Britain's second biggest drugmaker steps up a drive to rebuild its product pipeline via deal-making. The acquisition of the privately held company secures A
Published 11 Jun, 2013 12:00am
India considers easing rules for sovereign wealth funds

India considers easing rules for sovereign wealth funds

India's finance ministry, the central bank and market regulators on Monday discussed loosening rules for investment by foreign sovereign wealth funds in response to a sharply falling rupee and a wide current account deficit that are hurting the economy. T
Published 11 Jun, 2013 12:00am
India considers easing rules for sovereign wealth funds

India considers easing rules for sovereign wealth funds

India's finance ministry, the central bank and market regulators on Monday discussed loosening rules for investment by foreign sovereign wealth funds in response to a sharply falling rupee and a wide current account deficit that are hurting the economy. T
Published 11 Jun, 2013 12:00am
Russian central bank holds rates as Putin laments weak growth

Russian central bank holds rates as Putin laments weak growth

Russia's central bank held its main interest rates steady on Monday at Sergei Ignatyev's last meeting as chairman but his successor came under immediate pressure from President Vladimir Putin to revive the economy. The timing and thrust of Putin's comment
Published 11 Jun, 2013 12:00am
French unions threaten protests over pension reform

French unions threaten protests over pension reform

French labour unions stepped up the pressure on President Francois Hollande with threats of demonstrations over his pension reform plans on Monday, days before a panel tasked with advising his government is due to unveil proposals. Hollande has told the F
Published 11 Jun, 2013 12:00am
Brazil's JBS to buy Marfrig poultry unit for $2.75 billion

Brazil's JBS to buy Marfrig poultry unit for $2.75 billion

Brazil's JBS SA will acquire the poultry and pork unit of rival Marfrig Alimentos SA for 5.85 billion reais ($2.75 billion) in assumed debt, further extending its reach beyond its core beef business. The deal, which the companies disclosed in a securities
Published 11 Jun, 2013 12:00am
BHP entry threatens creaking global potash duopoly

BHP entry threatens creaking global potash duopoly

The prospect of new competition from miner BHP Billiton could dynamite the cracks appearing in a potash duopoly that accounts for 70 percent of global trade in the fertiliser. For decades two export groups, Belarus Potash Company (BPC), which represents p
Published 11 Jun, 2013 12:00am
Three referees jailed in Singapore

Three referees jailed in Singapore

Three Lebanese football referees pleaded guilty Monday to accepting free sex from a gambling-linked global syndicate in return for agreeing to rig a match, with a Singapore judge jailing two and deferring sentencing for the third.
Published 11 Jun, 2013 12:00am
Nadal first to qualify for ATP Tour Finals

Nadal first to qualify for ATP Tour Finals

Rafa Nadal has booked his place at the World Tour finals after winning a record eighth French Open title, the ATP said on Monday. Nadal has staged a spectacular comeback after being sidelined for seven months with a knee injury from June last year. Since
Published 11 Jun, 2013 12:00am
Jayawardene, Dilshan pulled up for excessive appealing

Jayawardene, Dilshan pulled up for excessive appealing

Former Sri Lankan captains Mahela Jayawardene and Tillakaratne Dilshan have been reprimanded for appealing excessively during Sunday's tense Champions Trophy clash against New Zealand. The International Cricket Council said the two players had pleaded gui
Published 11 Jun, 2013 12:00am
Brazil steamroller France in Confed warm-up

Brazil steamroller France in Confed warm-up

Goals from Chelsea midfielder Oscar, Lazio's Hernanes and Lucas Moura from the spot saw Brazil beat France 3-0 Sunday to ensure the French ended their brief trip to South America without a win or a goal. Having drawn with England 2-2 at the official unvei
Published 11 Jun, 2013 12:00am
UEFA opens match-fixing investigations

UEFA opens match-fixing investigations

European football's governing body UEFA said Monday it has opened match-fixing investigations into Romanian champions Steaua Bucharest and Turkish side Besiktas. If found guilty, Steaua could be kicked out of next season's champions League.
Published 11 Jun, 2013 12:00am
Dutch tennis player banned, fined for betting

Dutch tennis player banned, fined for betting

Dutch tennis player Yannick Ebbinghaus has been suspended for six months and fined for betting illegally on matches, an anti-corruption body announced Monday. The Tennis Integrity Unit (TIU) said the 23-year-old admitted breaching article D.1.a of anti-co
Published 11 Jun, 2013 12:00am
Mourinho returns as 'the Happy One'

Mourinho returns as 'the Happy One'

A more cautious Jose Mourinho transformed himself into "the Happy One" on Monday as he faced the media for the first time since he began his second spell as manager of Premier League giants Chelsea. Mourinho dazzled the British press when he first joined
Published 11 Jun, 2013 12:00am
Rajasthan Royals owner suspended amid clean-up

Rajasthan Royals owner suspended amid clean-up

Cricket officials on Monday suspended the co-owner of an Indian Premier League (IPL) team and announced plans for a major clean-up of the sport after an illegal betting and spot-fixing scandal. The Board of Control for Cricket in India (BCCI) held an emer
Published 11 Jun, 2013 12:00am
Bring on India, says West Indies' Bravo

Bring on India, says West Indies' Bravo

West Indies captain Dwayne Bravo is confident of containing India's batting firepower when the two sides meet in a key Champions Trophy match at the Oval on Tuesday. The winner is almost certain to take one of the two semi-final berths from group B after
Published 11 Jun, 2013 12:00am
Yorkshire teen breaks 91-year county age record

Yorkshire teen breaks 91-year county age record

Teenager Matthew Fisher turned his thoughts to schoolwork and a pending French oral exam after becoming the youngest cricketer in 91 years to play in a competitive English county match on Sunday. The seamer, aged 15 years and 212 days, turned out for York
Published 11 Jun, 2013 12:00am
Spot-fixing row not a bother: Dhoni

Spot-fixing row not a bother: Dhoni

Indian captain Mahendra Singh Dhoni insisted on Monday his Champions Trophy squad was not distracted by the spot-fixing row back home. Dhoni, preparing for Tuesday's key Champions Trophy match at the Oval in London, said the entire squad were staying away
Published 11 Jun, 2013 12:00am
Ramdin banned for two matches

Ramdin banned for two matches

West Indies' wicket-keeper Denesh Ramdin was on Monday suspended for two one-day matches and fined 100 percent of his match fee for wrongly claiming a catch in the Champions Trophy. Match referee Chris Broad charged Ramdin with violating the spirit of the
Published 11 Jun, 2013 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks firmed 0.81 percent on Monday, with LCD panel makers and electronics components the top gainers, up 1.6 percent and 1.4 percent respectively. The main TAIEX index rose 65.35 points to 8,160.55, after opening up 0.82 percent. Financial shares
Published 11 Jun, 2013 12:00am
Dubai's bourse records biggest drop in 15 months; Egypt's index slumps

Dubai's bourse records biggest drop in 15 months; Egypt's index slumps

Dubai's bourse made its largest one-day drop in 15 months on Monday and Abu Dhabi's measure also fell as investors took profits ahead of a decision by index compiler MSCI on whether to upgrade the UAE to emerging market status. Dubai's index lost 2.3 perc
Published 11 Jun, 2013 12:00am
Nikkei marks best day since March 2011

Nikkei marks best day since March 2011

Japan's Nikkei share average jumped 4.9 percent on Monday, marking its biggest one-day gain since March 2011, after US jobs data eased growth concerns but was not strong enough for the Federal Reserve to scale back massive stimulus. Investors were also en
Published 11 Jun, 2013 12:00am
Monday's afternoon trade: US stocks little changed

Monday's afternoon trade: US stocks little changed

US stocks were little changed on Monday after Standard & Poor's raised its credit outlook for the United States, but uncertainty about when or if the Federal Reserve might reduce its stimulus efforts limited gains. Wall Street seesawed between modest gain
Published 11 Jun, 2013 12:00am