News Archives for Print - 2013-06-15

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

GST imposition prior to approval: Supreme Court asks government to explain position

The Supreme Court on Friday directed the Attorney General for Pakistan (AGP) to explain how the government could impose proposed increment in General Sales Tax from 16 to 17 percent prior to its approval from the Parliament through Finance Bill 2013. The

Published 15 Jun, 2013 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

16 percent FED imposed on services provided by AMCs

The Federal Board of Revenue has imposed federal excise duty on services provided by Asset Management Companies from June 13, 2013. According to the budget instructions issued by the FBR to the field formations here on Friday, the federal excise duty @ 16

Published 15 Jun, 2013 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

16 percent FED imposed on services provided by AMCs

The Federal Board of Revenue has imposed federal excise duty on services provided by Asset Management Companies from June 13, 2013. According to the budget instructions issued by the FBR to the field formations here on Friday, the federal excise duty @ 16

Published 15 Jun, 2013 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

16 percent FED imposed on services provided by AMCs

The Federal Board of Revenue has imposed federal excise duty on services provided by Asset Management Companies from June 13, 2013. According to the budget instructions issued by the FBR to the field formations here on Friday, the federal excise duty @ 16

Published 15 Jun, 2013 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

Budget debate in National Assembly, Senate begins today

National Assembly and the Senate are to commence debate on the new financial budget from Saturday (today). The Lower House will meet at 11:00 am and the Senate at 04:00 pm. Members from the treasury and the opposition benches will hold threadbare discussi

Published 15 Jun, 2013 12:00am

GST imposition prior to approval: Supreme Court asks government to explain position

The Supreme Court on Friday directed the Attorney General for Pakistan (AGP) to explain how the government could impose proposed increment in General Sales Tax from 16 to 17 percent prior to its approval from the Parliament through Finance Bill 2013. The

Published 15 Jun, 2013 12:00am

Budget debate in National Assembly, Senate begins today

National Assembly and the Senate are to commence debate on the new financial budget from Saturday (today). The Lower House will meet at 11:00 am and the Senate at 04:00 pm. Members from the treasury and the opposition benches will hold threadbare discussi

Published 15 Jun, 2013 12:00am

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

Budget debate in National Assembly, Senate begins today

National Assembly and the Senate are to commence debate on the new financial budget from Saturday (today). The Lower House will meet at 11:00 am and the Senate at 04:00 pm. Members from the treasury and the opposition benches will hold threadbare discussi

Published 15 Jun, 2013 12:00am

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

FBR begins assessing inventories of all ghee, oil makers

The Federal Board of Revenue (FBR) has started assessing the inventories of all ghee/oil manufacturers to ascertain the actual position of stocks of locally-produced oil in June this year. The FBR issued instructions in this regard to its Large Taxpayer U

Published 15 Jun, 2013 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

FBR begins assessing inventories of all ghee, oil makers

The Federal Board of Revenue (FBR) has started assessing the inventories of all ghee/oil manufacturers to ascertain the actual position of stocks of locally-produced oil in June this year. The FBR issued instructions in this regard to its Large Taxpayer U

Published 15 Jun, 2013 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

FBR begins assessing inventories of all ghee, oil makers

The Federal Board of Revenue (FBR) has started assessing the inventories of all ghee/oil manufacturers to ascertain the actual position of stocks of locally-produced oil in June this year. The FBR issued instructions in this regard to its Large Taxpayer U

Published 15 Jun, 2013 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 15 Jun, 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 (June 14, 2013).

Published 15 Jun, 2013 12:00am

Iran votes for new president, Khamenei slams US doubts

Millions of Iranians voted to choose a new president on Friday, urged by Supreme Leader Ayatollah Ali Khamenei to turn out in force to discredit suggestions by arch foe the United States that the election would be a sham. The 50 million eligible voters ha

Published 15 Jun, 2013 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

Index sheds 216.08 points

After witnessing several bull-runs, the KSE-100 share index Friday shed 216.08 points to close at 22,541.64 points against 22,757.72 points Thursday. A 'day of mourning' was observed in the city on the call of MQM in protest against killing of its party w

Published 15 Jun, 2013 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

Index sheds 216.08 points

After witnessing several bull-runs, the KSE-100 share index Friday shed 216.08 points to close at 22,541.64 points against 22,757.72 points Thursday. A 'day of mourning' was observed in the city on the call of MQM in protest against killing of its party w

Published 15 Jun, 2013 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

Index sheds 216.08 points

After witnessing several bull-runs, the KSE-100 share index Friday shed 216.08 points to close at 22,541.64 points against 22,757.72 points Thursday. A ''day of mourning'' was observed in the city on the call of MQM in protest against killing of its party

Published 15 Jun, 2013 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

BRIndex30 sheds 78.86 points

On Friday, BRIndex30 opened at 14,590.51. It touched an intraday high of 14,600.87 and an intraday low of 14,424.53 and closed at 14,511.65 which was -78.86 points or -0.54 percent lower than previous close. Total volume was 328,768,800, which was 67.3 pe

Published 15 Jun, 2013 12:00am

Iran votes for new president, Khamenei slams US doubts

Millions of Iranians voted to choose a new president on Friday, urged by Supreme Leader Ayatollah Ali Khamenei to turn out in force to discredit suggestions by arch foe the United States that the election would be a sham. The 50 million eligible voters ha

Published 15 Jun, 2013 12:00am

BRIndex30 sheds 78.86 points

On Friday, BRIndex30 opened at 14,590.51. It touched an intraday high of 14,600.87 and an intraday low of 14,424.53 and closed at 14,511.65 which was -78.86 points or -0.54 percent lower than previous close. Total volume was 328,768,800, which was 67.3 pe

Published 15 Jun, 2013 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

ST hike became effective from June 13: LTUs, RTOs told

The Federal Board of Revenue has directed the field formations to charge enhanced rate of 17 percent sales tax from June 13, 2013. It is learnt here on Friday that the FBR has issued budgetary instructions (2013-14) of sales tax and federal excise to the

Published 15 Jun, 2013 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

ST hike became effective from June 13: LTUs, RTOs told

The Federal Board of Revenue has directed the field formations to charge enhanced rate of 17 percent sales tax from June 13, 2013. It is learnt here on Friday that the FBR has issued budgetary instructions (2013-14) of sales tax and federal excise to the

Published 15 Jun, 2013 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

ST hike became effective from June 13: LTUs, RTOs told

The Federal Board of Revenue has directed the field formations to charge enhanced rate of 17 percent sales tax from June 13, 2013. It is learnt here on Friday that the FBR has issued budgetary instructions (2013-14) of sales tax and federal excise to the

Published 15 Jun, 2013 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

GST imposition prior to approval: Supreme Court asks government to explain position

The Supreme Court on Friday directed the Attorney General for Pakistan (AGP) to explain how the government could impose proposed increment in General Sales Tax from 16 to 17 percent prior to its approval from the Parliament through Finance Bill 2013. The

Published 15 Jun, 2013 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (June 14, 2013).

Published 15 Jun, 2013 12:00am

Indian rupee gains

The Indian rupee gained on Friday on the back of large dollar selling by exporters in spot and forward markets, ending a tough week that saw the currency slump to a record low as part of a broader regional market sell-off. Friday's gains were not enough t

Published 15 Jun, 2013 12:00am

US MIDDAY: gold rises

Resilient demand for coins and bars and a pullback in the US equities market lifted gold on the day and for the week on Friday. Traders said rising geopolitical tensions in the Middle East also boosted the metal's safe-haven appeal. Western diplomats said

Published 15 Jun, 2013 12:00am

US MIDDAY: wheat falls

US wheat futures shed more than 1 percent on Friday, on pace for their largest weekly decline in 1-1/2 months as harvest advanced in the southern Plains while corn and soyabean futures eased on ideal growing conditions for the young crops. Farmers were ga

Published 15 Jun, 2013 12:00am

Gold steadies in Europe

Gold held steady near $1,385 an ounce on Friday and was on track to end the week little changed as dealers awaited clearer direction on the Federal Reserve's bullion-friendly monetary easing policy. The Fed's next policy meeting takes place early next wee

Published 15 Jun, 2013 12:00am

Gold little changed in Asia

Gold was little changed on Friday, as investors eyed next week's US Federal Reserve policy meeting for more clarity on whether the central bank would dial back its massive stimulus. Spot gold was flat at $1,385.40 an ounce by 0645 GMT after dropping sligh

Published 15 Jun, 2013 12:00am

Gold drops in New York

Gold slid on Thursday after stronger-than-expected US economic data helped ease concerns about the impending start of the winding down of stimulus from the Federal Reserve. Platinum group metals also tumbled on easing supply fears after South Africa's top

Published 15 Jun, 2013 12:00am

Raw sugar surges; Liffe robusta reverses 2010 low

ICE raw sugar futures surged on Friday to post their largest daily gain since November amid a short-covering rally, as Liffe robusta coffee recovered from the lowest level since October 2010 during a technical correction. ICE arabica coffee and cocoa futu

Published 15 Jun, 2013 12:00am

Palm oil surges

Malaysian palm oil futures ended higher on Friday after falling to a one-week low initially as expectations exports will rise in the first half of the month offset uncertainty in global markets on the outlook for economic stimulus. Palm oil's first weekly

Published 15 Jun, 2013 12:00am

Corn, soya fall

US grain futures fell on Thursday, with corn hitting a three-week low and soyabeans down 2 percent, as ideal growing conditions developing in the Midwest grain belt dampened bullish sentiment over tight old-crop supplies. Soyabean futures posted their lar

Published 15 Jun, 2013 12:00am

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1600 GMT.

Published 15 Jun, 2013 12:00am

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1600 GMT.

Published 15 Jun, 2013 12:00am

Tokyo rubber rises

Benchmark Tokyo rubber futures rose slightly on Friday in a rebound from a slump to a 9-month low a day earlier as the yen's rise halted and equity prices gained some ground, yet marked the 5th straight week of losses. The benchmark rubber contract on the

Published 15 Jun, 2013 12:00am

Oil rises on Middle East unrest, US crude touches nine-month high

Oil rose and US crude hit a nine-month intraday high on Friday, after news that the United States had authorised sending US weapons to Syrian rebels sparked concerns about Middle East supplies. President Barack Obama authorised arming rebels in Syria afte

Published 15 Jun, 2013 12:00am

Copper higher; notch up second weekly loss

Copper edged higher on Friday as uncertainty about disruptions at big mines led some investors to cancel short positions, but it was still on track for a second straight week of losses on concern about weak global growth and demand. Copper recovered from

Published 15 Jun, 2013 12:00am

Shanghai copper slips

The most-traded October copper contract on the Shanghai Futures Exchange slipped by 0.41 percent to 51,460 yuan ($8,400) a tonne on Friday. Investors remain jittery over uncertainty on whether the US Federal Reserve will scale back its massive stimulus, w

Published 15 Jun, 2013 12:00am

Cotton climbs on short-covering ahead of contract expiration

Cotton futures extended gains to a more than two-month high on Thursday on trade short-covering and continued investor buying following US government reports indicating continued strong demand and tightening US supplies, dealers said. The most-active Dece

Published 15 Jun, 2013 12:00am

Printed retail price: 17 percent ST chargeable on cigarettes

The Federal Board of Revenue has said sales tax shall remain chargeable on cigarettes at standard rate of 17 percent on the basis of printed retail price from June 13, 2013. According to the FBR's instructions to the field formations on Friday, the presen

Published 15 Jun, 2013 12:00am

Interior ministry repatriates 45 officers on deputation

The ministry of interior, complying with the directives of Islamabad High Court (IHC), has sent back 45 officers posted on deputation in the Federal Investigation Agency (FIA) to their parent departments. "The ministry of interior has issued a notificatio

Published 15 Jun, 2013 12:00am

Federal budget is not exporter-friendly: PLGMEA

Fawad Ijaz Khan Patron-in-Chief of Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) and Mohammad Danish Khan Chairman PLGMEA stated in a Press Release that the Federal Budget 2013-14 provided no relief to the Exporters. Fawad state

Published 15 Jun, 2013 12:00am

Federal budget is not exporter-friendly: PLGMEA

Fawad Ijaz Khan Patron-in-Chief of Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) and Mohammad Danish Khan Chairman PLGMEA stated in a Press Release that the Federal Budget 2013-14 provided no relief to the Exporters. Fawad state

Published 15 Jun, 2013 12:00am

Confederations Cup matches: football Lounge in local hotel inaugurated

Alfredo Leoni, Ambassador of Brazil to Pakistan, and Jan Verduyn, General Manager of a local hotel, on Friday inaugurated a special Football Lounge in which the matches of the FIFA Confederations Cup Brazil 2013 will be screened. The Confederations Cup, w

Published 15 Jun, 2013 12:00am

Not registered in jurisdiction where facility located: FBR compiling details of manufacturers

The Federal Board of Revenue (FBR) is compiling details of all manufacturers, who are registered in jurisdiction other than where the manufacturing/business facility is located across the country. The FBR has issued budgetary instructions (2013-14) of sal

Published 15 Jun, 2013 12:00am

Forum on 'building capacities on how to file IT return' organised

A forum on 'building capacities on how to file income tax return, was held with the faculty of Comsats Institute of Information Technology (CIIT) Attock, which was organised by TheNetwork for Consumer Protection and funded by USAID. The forum started with

Published 15 Jun, 2013 12:00am

EUMC chairman calls on Tariq Fatemi

Chairman of the European Union Military Committee (EUMC) General Patrick de Rousiers called on the Special Assistant to the Prime Minister on Foreign Affairs, Tariq Fatemi, here on Friday. Foreign Secretary Jalil Abbas Jilani also participated in the deli

Published 15 Jun, 2013 12:00am

Former NAB chief re-files review petition

Former National Accountability Bureau (NAB) Chairman Admiral Fasih Bokhari (Retd) on Friday submitted a review petition in the Supreme Court against the court's May 28 order, wherein it was declared that his appointment had been made without lawful author

Published 15 Jun, 2013 12:00am

Clarification

The Securities and Exchange Commission of Pakistan (SECP) on Friday clarified that its acting Chairman, his lawyer, or anybody else, acting on his behalf has not written any letter to the federal Secretary Finance, or anyone else in the Finance Division,

Published 15 Jun, 2013 12:00am

International Centre for Trade, Research to be established at UAF

Professor Dr Iqrar Ahmad Khan Vice Chancellor University of Agriculture Faisalabad (UAF) has said that the Canadian High Commission & UAF have agreed to facilitate a discussion on the need for research & analysis on the benefits of trade for Pakistan's Ag

Published 15 Jun, 2013 12:00am

LHC disposes of petition

The Lahore High Court on Friday disposed of a petition after the government withdrew the notification issued by the Home Secretary regarding arms and ammunition policy. Earlier, barrister Ali Zafar, representing various arms and ammunition dealers, submit

Published 15 Jun, 2013 12:00am

UN peacekeeper killed in Sudan shelling

A United Nations peacekeeper was killed on Friday in Sudan's main oil region when shells struck a United Nations logistics base, a UN spokesman said. The slain peacekeeper was from Ethiopia, UN spokesman Kieran Dwyer said, adding that two other Ethiopian

Published 15 Jun, 2013 12:00am

ANC website hacked

South Africa's ruling African National Congress on Friday said its website had been hacked by Zimbabwe activists claiming ties to the global "hacktivist" group Anonymous. "Someone calling themselves Anonymous and claiming to be the legitimate representati

Published 15 Jun, 2013 12:00am

ANC website hacked

South Africa's ruling African National Congress on Friday said its website had been hacked by Zimbabwe activists claiming ties to the global "hacktivist" group Anonymous. "Someone calling themselves Anonymous and claiming to be the legitimate representati

Published 15 Jun, 2013 12:00am

US agrees to give EU more information on intel scandal

The EU said Friday that US Attorney General Eric Holder had agreed to share information about Washington's huge Internet spy programme after Brussels expressed concerns about the privacy of European citizens. Holder meanwhile said that US authorities had

Published 15 Jun, 2013 12:00am

Bulgaria, Romania open long-awaited second Danube bridge

Bulgaria and Romania on Friday opened a long-delayed, European Union-funded bridge over the Danube - just the second crossing along their 470-kilometre (290-mile) river border. "I strongly hope that this bridge will give an impulse to the economic develop

Published 15 Jun, 2013 12:00am

The Economist scolds Germany for reluctance to lead

British news weekly The Economist hit out at Germany Friday for seeing itself as a neutral and prosperous "big Switzerland" and failing to assume its responsibility towards Europe as a whole. Under the headline "The Reluctant Hegemon", the magazine in its

Published 15 Jun, 2013 12:00am

Two dead in North Sea gas rig pressure blast

Two people were killed and one seriously injured Friday in an accident on a North Sea gas rig operated by France's GDF Suez, the coastguard said. "We received a call at 9:50 am (0750 GMT) that two people were dead and one seriously injured after an accide

Published 15 Jun, 2013 12:00am

Two dead, 25 missing as India boat capsizes

Rescue workers battled heavy rains as they searched for survivors of a boat that capsized in eastern India on Friday, killing at least two people with 25 others still missing, officials said. The overcrowded boat was carrying more than 45 people as well a

Published 15 Jun, 2013 12:00am

Turkish PM urges end to Istanbul park protest 'tonight'

Turkish Prime Minister Recep Tayyip Erdogan on Friday appealed to protesters to evacuate an Istanbul park "by tonight", after promising to suspend the site's redevelopment in a bid to end two weeks of deadly anti-government unrest. A day after giving a "l

Published 15 Jun, 2013 12:00am

US vows military aid to Syrian rebels as battles rage

The United States sharply toughened its line on Syria, promising rebels weapons for the first time, after saying it had evidence the regime had used chemical weapons, a charge Damascus dismissed on Friday as "lies." The harder US line dismayed Moscow, whi

Published 15 Jun, 2013 12:00am

UN human rights council slams Hezbollah role in Syria

The UN's top human rights forum on Friday condemned the involvement of foreign fighters in Syria's civil war, singling out the pro-regime forces sent across the border by Lebanon's Hezbollah. The 47-member UN Human Rights Council backed a resolution from

Published 15 Jun, 2013 12:00am

Putin says he may review 'foreign agents' law

Russian President Vladimir Putin said Friday he may recommend changes to a much-criticised law branding some non-governmental organisations as "foreign agents" for their links to the West. Putin told civic leaders attending the Civil Summit of the G20 gro

Published 15 Jun, 2013 12:00am

Ban says Israeli settlements undermine peace hopes

UN leader Ban Ki-moon on Friday slammed Israel's settlement surge in the occupied West Bank as undermining hopes of ending the Middle East conflict by setting up a Palestinian state. "The secretary general is deeply concerned by the continuing expansion o

Published 15 Jun, 2013 12:00am

Kuwait cracks down on expatriate driving licences

Kuwait has begun cancelling the driving licences of foreign students who have graduated and working housewives, tightening already strict rules for expatriates, a daily on Friday cited a top official as saying. "The traffic department has started cancelli

Published 15 Jun, 2013 12:00am

US sentiment, factory data point to moderate growth

US consumer sentiment edged off a six-year high in June while manufacturing output picked up a bit last month, suggesting the economy remained on a moderate growth path. Other data on Friday showed wholesale prices rose more than expected in May as gasoli

Published 15 Jun, 2013 12:00am

Thousands strike at South African Amplats mine

Up to 4,000 mineworkers staged a sit-in strike at an Anglo American Platinum mine in South Africa's restive platinum belt Friday over the suspension of four leaders, a union representative told AFP. Workers from the upstart Association of Mineworkers and

Published 15 Jun, 2013 12:00am

India delays clearance of Jet-Etihad tie-up

Indian authorities Friday delayed approval of a plan by Abu Dhabi-based airline Etihad to acquire a stake in Jet Airways, as they sought more details on ownership of the merged carrier. The Jet-Etihad deal, announced in April, is the first overseas invest

Published 15 Jun, 2013 12:00am

Eurozone inflation subdued as employment keeps falling

Inflation in the euro zone rose from a three-year low in May, but remained low enough for the European Central Bank to act to boost an economy which is shedding jobs at an increasing rate. The central bank expects economic recovery in the euro area to kic

Published 15 Jun, 2013 12:00am

Maersk unveils world's biggest ship in weak freight market

Denmark's Maersk Line unveiled the world's biggest container ship on Friday, hoping a new fleet of super-size vessels will deliver savings and return it to profit an industry battered by overcapacity, weak economies and cut-throat competition. At a ceremo

Published 15 Jun, 2013 12:00am

Japan approves growth steps, promises to do more after polls

Japan's cabinet rubber-stamped a set of measures on Friday to boost economic growth that so far have failed to impress markets and made Prime Minister Shinzo Abe promise to take more steps after next month's upper house elections. The growth strategy is a

Published 15 Jun, 2013 12:00am

Airbus A350 completes maiden flight

Europe's newest jetliner, the Airbus A350, successfully completed its maiden flight on Friday, stepping up the battle with arch-rival Boeing for sales of a new generation of sleek, lightweight passenger aircraft. Watched by more than 10,000 staff and spec

Published 15 Jun, 2013 12:00am

Swiss panel recommends exchange of bank data with EU

Switzerland should be ready to share data on foreign depositors with the European Union even before a global standard is established, a government panel said on Friday, a move which would lift the last vestige of its tradition of banking secrecy. The worl

Published 15 Jun, 2013 12:00am

Foreigners flee from US government bonds in April

Foreign investors dumped US government debt in April and were net sellers of all long-dated US securities for the third consecutive month, the US Treasury said on Friday. Selling was heavily concentrated in Treasury bonds and notes, with overseas investor

Published 15 Jun, 2013 12:00am

Foreigners flee from US government bonds in April

Foreign investors dumped US government debt in April and were net sellers of all long-dated US securities for the third consecutive month, the US Treasury said on Friday. Selling was heavily concentrated in Treasury bonds and notes, with overseas investor

Published 15 Jun, 2013 12:00am

J.P Morgan's private equity unit to become independent

J.P. Morgan Chase & Co said on Friday its private equity unit, One Equity Partners, will become independent, as the largest US bank increases its focus on client businesses. One Equity Partners, which manages $4.5 billion of investments, will raise its ne

Published 15 Jun, 2013 12:00am

J.P Morgan's private equity unit to become independent

J.P. Morgan Chase & Co said on Friday its private equity unit, One Equity Partners, will become independent, as the largest US bank increases its focus on client businesses. One Equity Partners, which manages $4.5 billion of investments, will raise its ne

Published 15 Jun, 2013 12:00am

Spanish public debt soars to new record

Spain's public debt shot to a record high in the first quarter of this year, the Bank of Spain said Friday, despite Prime Minister Mariano Rajoy's hotly protested austerity squeeze. The debt surged to 88.2 percent of annual economic output, up by 15.2 per

Published 15 Jun, 2013 12:00am

Spanish public debt soars to new record

Spain's public debt shot to a record high in the first quarter of this year, the Bank of Spain said Friday, despite Prime Minister Mariano Rajoy's hotly protested austerity squeeze. The debt surged to 88.2 percent of annual economic output, up by 15.2 per

Published 15 Jun, 2013 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Cotton US¢/pound / Apr 17	66.66
Petrol/Litre / Apr 18	254.63
Diesel/Litre / Apr 18	258.64

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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