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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-07-04
Bolivia fury after presidential jet diverted over Snowden row

Bolivia fury after presidential jet diverted over Snowden row

Bolivia's President Evo Morales was heading home Wednesday after his plane was searched in Vienna on suspicion of harbouring fugitive US intelligence leaker Edward Snowden, prompting outrage from his government and other Latin American leaders. As he prep
Published 04 Jul, 2013 12:00am
Sterling rises

Sterling rises

Sterling rose against the dollar on Wednesday after data showed that Britain's services sector had expanded at its fastest pace in more than two years, helping to reduce bets on immediate monetary easing. The Purchasing Managers' Index (PMI) for the servi
Published 04 Jul, 2013 12:00am
Janowicz makes Polish history with Wimbledon semi spot

Janowicz makes Polish history with Wimbledon semi spot

Jerzy Janowicz became the first Polish man to reach a Grand Slam semi-final on Wednesday when he defeated compatriot Lukasz Kubot 7-5, 6-4, 6-4 in the Wimbledon quarter-finals. The 22-year-old will face either second seed Andy Murray or unseeded Spaniard
Published 04 Jul, 2013 12:00am
Djokovic, Del Potro advance to semi-final clash

Djokovic, Del Potro advance to semi-final clash

Novak Djokovic will face Juan Martin del Potro in the Wimbledon semi-finals after the world number one clinched his 13th consecutive Grand Slam last-four spot with a 7-6 (7/5), 6-4, 6-3 victory over Tomas Berdych on Wednesday. Djokovic is yet to drop a se
Published 04 Jul, 2013 12:00am
Disgruntled Kaneria protests appeal loss

Disgruntled Kaneria protests appeal loss

Former Pakistan leg-spinner Danish Kaneria said Wednesday he was "disgusted" by England's decision to uphold his life ban for spot-fixing, and claimed he was being victimised. An appeal panel of the England and Wales Cricket Board discipline commission up
Published 04 Jul, 2013 12:00am
Swann spins England to victory

Swann spins England to victory

Graeme Swann gave Australia a timely reminder of his ability by taking five wickets as England warmed-up for next week's first Ashes Test with a 228-run win over Essex on Wednesday. Essex, set a second innings target of 415 to win at their Chelmsford head
Published 04 Jul, 2013 12:00am
Pakistan cricket at lowest point: Sethi

Pakistan cricket at lowest point: Sethi

Pakistan cricket has reached its lowest point, its interim chief said Wednesday, calling for a string of defeats, cheating allegations, teams refusing to tour and court cases to be resolved quickly. "Our cricket has reached the lowest ground," Pakistan Cr
Published 04 Jul, 2013 12:00am
FIFA again bans Iraq from hosting friendlies

FIFA again bans Iraq from hosting friendlies

FIFA on Wednesday barred Iraq from hosting international football friendlies due to a massive surge in nation-wide violence, barely three months after world football's governing body gave Baghdad the go-ahead. The Iraqi Football Association (IFA) was info
Published 04 Jul, 2013 12:00am
Watson celebrates opening recall with warm-up ton

Watson celebrates opening recall with warm-up ton

Australia's Shane Watson marked new coach Darren Lehmann's decision to restore him to the top of the order by scoring a century in the tourists' final Ashes warm-up match against Worcestershire on Tuesday. Under recently sacked coach Mickey Arthur, all-ro
Published 04 Jul, 2013 12:00am
Tharanga on high as Sri Lanka hammer India

Tharanga on high as Sri Lanka hammer India

Upul Tharanga plundered the highest individual score in a one-day international (ODI) in the Caribbean as Sri Lanka steamrollered India by 161 runs in the third match of the Tri-Series at Sabina Park on Tuesday. Replying to Sri Lanka's mammoth 348 for one
Published 04 Jul, 2013 12:00am
Kiwi quick Martin retires

Kiwi quick Martin retires

New Zealand paceman Chris Martin announced his retirement Wednesday, bowing out as the third highest Test wicket-taker in Black Caps' history. Martin played 71 Tests for New Zealand over an international career spanning more than 12 years, claiming 233 wi
Published 04 Jul, 2013 12:00am
Former Romanian premier dies

Former Romanian premier dies

Former Romanian prime minister Radu Vasile, who mediated a violent miners' protest in 1999 and hosted John Paul II during the first visit by a pope to a Christian Orthodox country, died Wednesday aged 70, his family announced. Vasile, a historian, poet an
Published 04 Jul, 2013 12:00am
Italian oil rig sinks near Congo River estuary

Italian oil rig sinks near Congo River estuary

A Bulgarian oil worker was missing on Wednesday after an offshore rig belonging to Italy's Saipem sank off the coasts of Angola and Democratic Republic of Congo after the seabed collapsed. Saipem said the drilling rig began tilting on Monday and fell on T
Published 04 Jul, 2013 12:00am
Turkey summons US diplomat over spying claims

Turkey summons US diplomat over spying claims

Turkey on Wednesday summoned the US embassy's number two diplomat over allegations that Washington spied on a number of embassies and missions including Turkey's, the foreign ministry said. Turkey demanded an "explanation" from US charge d'affaires Jess B
Published 04 Jul, 2013 12:00am
Tokyo rubber slips

Tokyo rubber slips

Tokyo rubber futures slipped lower on Wednesday as investors took profits after recent highs, but firmer oil prices lent support, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for December delivery dropped 0.6 yen to settle a
Published 04 Jul, 2013 12:00am
Top Russian Islamist calls for attacks on Sochi Games

Top Russian Islamist calls for attacks on Sochi Games

Russia's top Islamist leader Doku Umarov called in a video released on Wednesday for militants to stage attacks against a range of targets that include the 2014 Sochi Olympic Games. The message comes seven months before the international sports event is d
Published 04 Jul, 2013 12:00am
Rouhani urges end to meddling in private lives

Rouhani urges end to meddling in private lives

President-elect Hassan Rouhani called on Wednesday for the government and powerful clergy to end interference in the private lives of the Iranian people, free up Internet access and allow state media to be more open about Iran's problems. Rouhani's commen
Published 04 Jul, 2013 12:00am
Turkish court blocks disputed park project

Turkish court blocks disputed park project

A Turkish court has cancelled an Istanbul building project backed by Prime Minister Tayyip Erdogan which provided the trigger for nation-wide anti-government demonstrations last month, a copy of the court decision showed. Authorities may well appeal again
Published 04 Jul, 2013 12:00am
China, Russia to hold naval drills

China, Russia to hold naval drills

China and Russia will hold their second joint naval exercises from Friday, state media said, as Beijing and Tokyo row over disputed islands in the East China Sea. The drills come as China's maritime power increases - its first aircraft carrier went into s
Published 04 Jul, 2013 12:00am
Britain bans herbal drug khat

Britain bans herbal drug khat

British Home Secretary Theresa May on Wednesday announced a ban on the herbal stimulant khat, going against the advice of her own experts who said such a move was disproportionate. Khat is to be classified as a Class C drug alongside ketamine and benzodia
Published 04 Jul, 2013 12:00am
Former Olympus execs avoid jail over Japan loss cover-up

Former Olympus execs avoid jail over Japan loss cover-up

A Japanese court on Wednesday handed suspended sentences to three former Olympus executives accused of engineering a massive accounting fraud at the camera and medical equipment maker. Prosecutors had asked that sacked company president Tsuyoshi Kikukawa
Published 04 Jul, 2013 12:00am
Britain unveils plans to charge migrants for healthcare

Britain unveils plans to charge migrants for healthcare

Britain announced plans on Wednesday to charge migrants hundreds of pounds a year to access its state-run National Health Service (NHS), in a bid to clamp down on so-called health tourism. Health Secretary Jeremy Hunt also proposed to stop giving visitors
Published 04 Jul, 2013 12:00am
Iraq attacks kill 123 in three days

Iraq attacks kill 123 in three days

Attacks in Iraq killed 14 people on Wednesday, the latest in a wave of bloodshed mostly targeting Shia Muslims that has left 123 dead in the past three days amid fears the country is slipping back into all-out war. The surge in violence has also wounded m
Published 04 Jul, 2013 12:00am
Belgium's King Albert II abdicates in favour of his son

Belgium's King Albert II abdicates in favour of his son

Belgium's King Albert II announced his abdication Wednesday in favour of his son, saying that after two decades at the helm of the tiny country he felt too old and frail to continue. "I intend to abdicate on July 21," Belgium's national day, the sovereign
Published 04 Jul, 2013 12:00am
ICE cotton futures down as lack of mill buying weighs on prices

ICE cotton futures down as lack of mill buying weighs on prices

Cotton futures fell on Tuesday, as mills held off buying following a short-lived rally during the previous session and investor liquidation and a stronger US dollar pressured prices. The most-active December cotton contract on ICE Futures US edged down 0.
Published 04 Jul, 2013 12:00am
Shanghai copper rallies

Shanghai copper rallies

The most-traded October copper contract on the Shanghai Futures Exchange rallied 1.22 percent to close at 50,550 yuan ($8,200) a tonne on Wednesday fuelled by short covering and bottlenecks in supply, although sluggish global growth eroded demand prospect
Published 04 Jul, 2013 12:00am
Copper rises to two-week high

Copper rises to two-week high

Copper prices rose to their highest level in two weeks on Wednesday, spurred by bottlenecks in supply, increased purchases by Chinese importers in June and upbeat US labour market data. Copper has pared some of June's steep losses as mine shutdowns have c
Published 04 Jul, 2013 12:00am
US crude ends at 14-month high

US crude ends at 14-month high

Oil prices ended higher for a third consecutive day on Wednesday, with the New York contract settling at a 14-month high, as traders fretted about unrest in Egypt and reacted to rapidly tightening supplies in the US domestic market. While oil prices pushe
Published 04 Jul, 2013 12:00am
The Weather

The Weather

The weather report on Wednesday (July 03, 2013) and the forecast for Thursday (July 04, 2013).

Published 04 Jul, 2013 12:00am
Extended Saudi Arabia amnesty: embassies, businessmen, workers hail move

Extended Saudi Arabia amnesty: embassies, businessmen, workers hail move

Saudi businessmen, expatriates and several countries welcomed a four-month extension to an amnesty for foreign workers with visa violations on Wednesday, saying it allowed businesses to operate as usual in the world''s top oil exporter. Saudi Arabia has m
Published 04 Jul, 2013 12:00am
Regulators speed up big bank capital preparations

Regulators speed up big bank capital preparations

Global banking supervisors are speeding up work on tougher capital rules for the world's top lenders, in a bid to dispel some of the regulatory uncertainty over a sector whose reckless behaviour caused the credit crunch. The Basel Committee, made up of ba
Published 04 Jul, 2013 12:00am
Regulators speed up big bank capital preparations

Regulators speed up big bank capital preparations

Global banking supervisors are speeding up work on tougher capital rules for the world's top lenders, in a bid to dispel some of the regulatory uncertainty over a sector whose reckless behaviour caused the credit crunch. The Basel Committee, made up of ba
Published 04 Jul, 2013 12:00am
Regulators speed up big bank capital preparations

Regulators speed up big bank capital preparations

Global banking supervisors are speeding up work on tougher capital rules for the world''s top lenders, in a bid to dispel some of the regulatory uncertainty over a sector whose reckless behaviour caused the credit crunch. The Basel Committee, made up of b
Published 04 Jul, 2013 12:00am
Past decade hottest on record, warming pace fastest: UN

Past decade hottest on record, warming pace fastest: UN

The 21st century's first decade was the hottest on record, with temperatures rising at an unprecedented pace and weather extremes claiming over 370,000 lives, the United Nations said Wednesday. In a new report on 2001-2010, the World Meteorological Organi
Published 04 Jul, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Jul, 2013 12:00am
Past decade hottest on record, warming pace fastest: UN

Past decade hottest on record, warming pace fastest: UN

The 21st century's first decade was the hottest on record, with temperatures rising at an unprecedented pace and weather extremes claiming over 370,000 lives, the United Nations said Wednesday. In a new report on 2001-2010, the World Meteorological Organi
Published 04 Jul, 2013 12:00am
Scientists create 'human liver' from stem cells

Scientists create 'human liver' from stem cells

Scientists in Japan said Wednesday they had grown human liver tissue from stem cells in a first that holds promise for alleviating the critical shortage of donor organs. Creating lab-grown tissue to replenish organs damaged by accident or disease is a Hol
Published 04 Jul, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2013 12:00am
Scientists create 'human liver' from stem cells

Scientists create 'human liver' from stem cells

Scientists in Japan said Wednesday they had grown human liver tissue from stem cells in a first that holds promise for alleviating the critical shortage of donor organs. Creating lab-grown tissue to replenish organs damaged by accident or disease is a Hol
Published 04 Jul, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2013 12:00am
PIA's BoD reconstituted

PIA's BoD reconstituted

Federal Government as per PIAC Act 1956 has reconstituted the Board of Directors (BoD) of Pakistan International Airlines (PIA) with immediate effect. The nominated members of newly constituted BoD are as following: Aslam Khaliq, Naseer N S Jaffer, Mian M
Published 04 Jul, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2013 12:00am
PIA's BoD reconstituted

PIA's BoD reconstituted

Federal Government as per PIAC Act 1956 has reconstituted the Board of Directors (BoD) of Pakistan International Airlines (PIA) with immediate effect. The nominated members of newly constituted BoD are as following: Aslam Khaliq, Naseer N S Jaffer, Mian M
Published 04 Jul, 2013 12:00am
PIA''s BoD reconstituted

PIA''s BoD reconstituted

Federal Government as per PIAC Act 1956 has reconstituted the Board of Directors (BoD) of Pakistan International Airlines (PIA) with immediate effect. The nominated members of newly constituted BoD are as following: Aslam Khaliq, Naseer N S Jaffer, Mian M
Published 04 Jul, 2013 12:00am
Indian government approves massive food scheme for poor

Indian government approves massive food scheme for poor

India's government Wednesday approved a vast food welfare programme targeting the nation's poor as it sought to increase its popularity before national elections next year. "The cabinet has unanimously approved the food security ordinance," food minister
Published 04 Jul, 2013 12:00am
Indian government approves massive food scheme for poor

Indian government approves massive food scheme for poor

India's government Wednesday approved a vast food welfare programme targeting the nation's poor as it sought to increase its popularity before national elections next year. "The cabinet has unanimously approved the food security ordinance," food minister
Published 04 Jul, 2013 12:00am
Indian government approves massive food scheme for poor

Indian government approves massive food scheme for poor

India''s government Wednesday approved a vast food welfare programme targeting the nation''s poor as it sought to increase its popularity before national elections next year. "The cabinet has unanimously approved the food security ordinance," food ministe
Published 04 Jul, 2013 12:00am
Merkel takes lead at EU drive to combat youth unemployment

Merkel takes lead at EU drive to combat youth unemployment

German Chancellor Angela Merkel cast herself as the champion of Europe's unemployed youth Wednesday, with plans for job market reforms as well as a 24 billion-euro (31.2-billion-dollar) EU fund aimed at heading off the threat of a lost generation. "Boosti
Published 04 Jul, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (July 03, 2013).

Published 04 Jul, 2013 12:00am
Merkel takes lead at EU drive to combat youth unemployment

Merkel takes lead at EU drive to combat youth unemployment

German Chancellor Angela Merkel cast herself as the champion of Europe's unemployed youth Wednesday, with plans for job market reforms as well as a 24 billion-euro (31.2-billion-dollar) EU fund aimed at heading off the threat of a lost generation. "Boosti
Published 04 Jul, 2013 12:00am
Merkel takes lead at EU drive to combat youth unemployment

Merkel takes lead at EU drive to combat youth unemployment

German Chancellor Angela Merkel cast herself as the champion of Europe''s unemployed youth Wednesday, with plans for job market reforms as well as a 24 billion-euro (31.2-billion-dollar) EU fund aimed at heading off the threat of a lost generation. "Boost
Published 04 Jul, 2013 12:00am
Switzerland to help banks avert US tax charges

Switzerland to help banks avert US tax charges

Swiss banks will be allowed to pass some data to US authorities under a government plan agreed on Wednesday to save the industry from criminal charges of tax evasion. US authorities want Swiss banks to pay fines potentially amounting to $10 billion for th
Published 04 Jul, 2013 12:00am
Switzerland to help banks avert US tax charges

Switzerland to help banks avert US tax charges

Swiss banks will be allowed to pass some data to US authorities under a government plan agreed on Wednesday to save the industry from criminal charges of tax evasion. US authorities want Swiss banks to pay fines potentially amounting to $10 billion for th
Published 04 Jul, 2013 12:00am
Switzerland to help banks avert US tax charges

Switzerland to help banks avert US tax charges

Swiss banks will be allowed to pass some data to US authorities under a government plan agreed on Wednesday to save the industry from criminal charges of tax evasion. US authorities want Swiss banks to pay fines potentially amounting to $10 billion for th
Published 04 Jul, 2013 12:00am
THE RUPEE: dollar at 100 on interbank

THE RUPEE: dollar at 100 on interbank

The rupee breached the barrier of Rs 100 versus the dollar on the interbank market on Wednesday due to rising demand from all fronts, dealers said. The feature of the day was that factor has eroded the difference between the open and interbank market rate
Published 04 Jul, 2013 12:00am
Switzerland to help banks avert US tax charges

Switzerland to help banks avert US tax charges

Swiss banks will be allowed to pass some data to US authorities under a government plan agreed on Wednesday to save the industry from criminal charges of tax evasion. US authorities want Swiss banks to pay fines potentially amounting to $10 billion for th
Published 04 Jul, 2013 12:00am
THE RUPEE: dollar at 100 on interbank

THE RUPEE: dollar at 100 on interbank

The rupee breached the barrier of Rs 100 versus the dollar on the interbank market on Wednesday due to rising demand from all fronts, dealers said. The feature of the day was that factor has eroded the difference between the open and interbank market rate
Published 04 Jul, 2013 12:00am
Chinese firm to produce power through coal, bio-mass

Chinese firm to produce power through coal, bio-mass

Punjab Minister for Agriculture Dr Farrukh Javed has said that Pakistan has great potential to produce electricity through coal, bio-mass and solar on a large scale. He was speaking at a meeting held at Aiwan Wazir-e-Aala here on Wednesday to discuss prom
Published 04 Jul, 2013 12:00am
FTO seeks from FBR details of pending ST refund cases

FTO seeks from FBR details of pending ST refund cases

Federal Tax Ombudsman (FTO) Dr Shoaib Suddle Wednesday recommended to the Federal Board of Revenue (FBR) to submit details of sales tax refund cases pending for more than one year across Pakistan and monitor the conduct of IRS officers. Sources told Bu
Published 04 Jul, 2013 12:00am
Pakistan condemns drone strike

Pakistan condemns drone strike

Pakistan on Wednesday strongly condemned the US drone strike in Miramshah of North Waziristan Agency. "These strikes are a violation of Pakistan's sovereignty and territorial integrity. Pakistan has repeatedly emphasised the importance of bringing an imme
Published 04 Jul, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 03, 2013).

Published 04 Jul, 2013 12:00am
HEC to establish sub-offices to guide youths of far-flung areas

HEC to establish sub-offices to guide youths of far-flung areas

The Higher Education Commission (HEC) would establish sub-offices at Bahawalpur, Sukkur, Muzaffarabad and Gilgit in order to facilitate young people and general public from remote and far-flung areas of Southern Punjab, upper Sindh, Azad Kashmir and Gilgi
Published 04 Jul, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 03, 2013).

Published 04 Jul, 2013 12:00am
Holding of LB poll: LHC appoints Azhar Siddique as amicus curie

Holding of LB poll: LHC appoints Azhar Siddique as amicus curie

The Lahore High Court Chief Justice here on Wednesday appointing Azhar Siddique as amicus curie (friend of court) asking him to assist the court in a petition seeking court directions to hold local bodies election on September 9. Earlier a law officer tol
Published 04 Jul, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (July 03, 2013).

Published 04 Jul, 2013 12:00am
CEO Pral doing two jobs, but only getting paid for one?

CEO Pral doing two jobs, but only getting paid for one?

Imtiaz Ahmad Khan, Chief Executive Officer (CEO) Pakistan Revenue Automation Limited (Pral) is working as CEO in addition to his responsibilities as General Manager (Automation) Pral without any additional remunerations and perks for last six months.
Published 04 Jul, 2013 12:00am
Need to promote public-private partnership stressed

Need to promote public-private partnership stressed

Pakistan needs to promote public-private-partnership to achieve sustainable economic growth and to realise this goal the country must end political interferences in the economic matters. This was the crux of a seminar 'Developing Market-Oriented Economic
Published 04 Jul, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 03, 2013).

Published 04 Jul, 2013 12:00am
Loadshedding up with cut in Lesco power quota

Loadshedding up with cut in Lesco power quota

Loadshedding duration shot up in the provincial metropolis with reduction in electricity quota for the Lahore Electric Supply Company (Lesco). The Lesco sources said power supply by the NTDC to the Lesco has been slashed by half, reducing to 2,000 MW from
Published 04 Jul, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (July 03, 2013) and for Thursday (July 04, 2013).
Published 04 Jul, 2013 12:00am
Will Dar succeed in reforming power sector?

Will Dar succeed in reforming power sector?

Will the Finance Minister Ishaq Dar succeed in reforming the 'paralysed' power sector or continue to squander the exchequer like his predecessors is a question being discussed at different sittings in the federal capital. The Finance Ministry led by Ishaq
Published 04 Jul, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 03, 2013).

Published 04 Jul, 2013 12:00am
Army Firing Competition 2013 concludes

Army Firing Competition 2013 concludes

Army Firing Competition 2013 concluded on Wednesday on Army Firing Range at Jhelum. Speaking on the occasion, General Ashfaq Parvez Kayani, Chief of Army Staff, said that highest standard of training and quest for continuous improvement is the hallmark of
Published 04 Jul, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 04 Jul, 2013 12:00am
Workshop on reforming of Khyber Pakhtunkhwa Thana culture held

Workshop on reforming of Khyber Pakhtunkhwa Thana culture held

Inspector General of Police (IGP), Khyber Pakhtunkhwa, Ihsan Ghani has stressed need for making police people-friendly with the support of the people to establish balance in rights and duties. Addressing the inaugural session of two-day workshop on reform
Published 04 Jul, 2013 12:00am
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