News Archives for Print - 2013-07-18

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Fed flexible on bond buying: Bernanke tells Congress

Federal Reserve Chair-man Ben Ber-nanke said on Wednesday the US central bank still expects to start scaling back its massive bond purchase programme later this year, but he left open the option of changing that plan if the economic outlook shifted. While

Published 18 Jul, 2013 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Fed flexible on bond buying: Bernanke tells Congress

Federal Reserve Chair-man Ben Ber-nanke said on Wednesday the US central bank still expects to start scaling back its massive bond purchase programme later this year, but he left open the option of changing that plan if the economic outlook shifted. While

Published 18 Jul, 2013 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Fed flexible on bond buying: Bernanke tells Congress

Federal Reserve Chair-man Ben Ber-nanke said on Wednesday the US central bank still expects to start scaling back its massive bond purchase programme later this year, but he left open the option of changing that plan if the economic outlook shifted. While

Published 18 Jul, 2013 12:00am

JLI YAQEEN GROWTH FUND RATES

JLI Yaqeen Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

No marked improvement in supply even after Rs 342 billion payout!

The greatest puzzle is where the Rs 342 billion paid to IPPs and other generating companies (Gencos) with the objective of clearing the circular debt - considered the reason behind massive power shortages - go? Why is load shedding as long as before the p

Published 18 Jul, 2013 12:00am

JLI YAQEEN GROWTH FUND RATES

JLI Yaqeen Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

No marked improvement in supply even after Rs 342 billion payout!

The greatest puzzle is where the Rs 342 billion paid to IPPs and other generating companies (Gencos) with the objective of clearing the circular debt - considered the reason behind massive power shortages - go? Why is load shedding as long as before the p

Published 18 Jul, 2013 12:00am

JLI YAQEEN GROWTH FUND RATES

JLI Yaqeen Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

No marked improvement in supply even after Rs 342 billion payout!

The greatest puzzle is where the Rs 342 billion paid to IPPs and other generating companies (Gencos) with the objective of clearing the circular debt - considered the reason behind massive power shortages - go? Why is load shedding as long as before the p

Published 18 Jul, 2013 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Rs 220 billion subsidy may prove inadequate

The budgeted subsidy of Rs 220 billion for the power sector may not be adequate for the current fiscal year if no decision on rationalisation of tariff structure, improved efficiency in the system through reduced transmission and distribution losses and b

Published 18 Jul, 2013 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Rs 220 billion subsidy may prove inadequate

The budgeted subsidy of Rs 220 billion for the power sector may not be adequate for the current fiscal year if no decision on rationalisation of tariff structure, improved efficiency in the system through reduced transmission and distribution losses and b

Published 18 Jul, 2013 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Rs 220 billion subsidy may prove inadequate

The budgeted subsidy of Rs 220 billion for the power sector may not be adequate for the current fiscal year if no decision on rationalisation of tariff structure, improved efficiency in the system through reduced transmission and distribution losses and b

Published 18 Jul, 2013 12:00am

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Government asked to act upon recommendations

Senate Standing Committee on Defence and Defence Production on Wednesday demanded that Abbottabad Commission Report along with note of dissent by the commission members should be made public. Chairman committee Mushahid Hussain Syed, while talking to medi

Published 18 Jul, 2013 12:00am

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Government asked to act upon recommendations

Senate Standing Committee on Defence and Defence Production on Wednesday demanded that Abbottabad Commission Report along with note of dissent by the commission members should be made public. Chairman committee Mushahid Hussain Syed, while talking to medi

Published 18 Jul, 2013 12:00am

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Abbottabad Commission: report, note of dissent don't differ much

Former ambassador Ashraf Jahangir Qazi, the author of recently leaked draft Abbottabad Commission report, Wednesday told a parliamentary panel that the final report of the commission is yet to be released. According to Qazi, the leaked version of Abbottab

Published 18 Jul, 2013 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Abbottabad Commission: report, note of dissent don't differ much

Former ambassador Ashraf Jahangir Qazi, the author of recently leaked draft Abbottabad Commission report, Wednesday told a parliamentary panel that the final report of the commission is yet to be released. According to Qazi, the leaked version of Abbottab

Published 18 Jul, 2013 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Former Prime Minister Gilani: FIA contemplating moving court to obtain warrants

Federal Investigation Agency (FIA) is expected to approach the concerned court to obtain the warrants for former Prime Minister Syed Yousuf Raza Gilani as he has failed to appear before the agency on July 16 in Hajj corruption case. The Special Investigat

Published 18 Jul, 2013 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Former Prime Minister Gilani: FIA contemplating moving court to obtain warrants

Federal Investigation Agency (FIA) is expected to approach the concerned court to obtain the warrants for former Prime Minister Syed Yousuf Raza Gilani as he has failed to appear before the agency on July 16 in Hajj corruption case. The Special Investigat

Published 18 Jul, 2013 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Altaf Hussain: police probing matters independently: Hague

Visiting British Foreign Secretary William Hague Wednesday said the UK government was not interfering in police investigation into cases against Mutahidda Qaumi Movement chief Altaf Hussain. Addressing a joint press conference with Advisor on National Sec

Published 18 Jul, 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 18 Jul, 2013 12:00am

Altaf Hussain: police probing matters independently: Hague

Visiting British Foreign Secretary William Hague Wednesday said the UK government was not interfering in police investigation into cases against Mutahidda Qaumi Movement chief Altaf Hussain. Addressing a joint press conference with Advisor on National Sec

Published 18 Jul, 2013 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Pakistan, UK agree to strengthen ties

British Foreign Secretary William Hague on Wednesday promised United Kingdom''s firm support to Pakistan in meeting its economic and security challenges, besides deepening the long-term and strategic relations with Pakistan. The British Foreign Secretary

Published 18 Jul, 2013 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Pakistan, UK agree to strengthen ties

British Foreign Secretary William Hague on Wednesday promised United Kingdom's firm support to Pakistan in meeting its economic and security challenges, besides deepening the long-term and strategic relations with Pakistan. The British Foreign Secretary a

Published 18 Jul, 2013 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Pakistan, UK agree to strengthen ties

British Foreign Secretary William Hague on Wednesday promised United Kingdom's firm support to Pakistan in meeting its economic and security challenges, besides deepening the long-term and strategic relations with Pakistan. The British Foreign Secretary a

Published 18 Jul, 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 Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

BRIndex30 loses 175.24 points

On Wednesday, BRIndex30 opened at 15,447.97. It touched an intraday high of 15,579.97 and an intraday low of 15,230.44 and closed at 15,272.73, which was -175.24 points or -1.13 percent lower than previous close. Total volume was 157,871,400, which was 68

Published 18 Jul, 2013 12:00am

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 Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

BRIndex30 loses 175.24 points

On Wednesday, BRIndex30 opened at 15,447.97. It touched an intraday high of 15,579.97 and an intraday low of 15,230.44 and closed at 15,272.73, which was -175.24 points or -1.13 percent lower than previous close. Total volume was 157,871,400, which was 68

Published 18 Jul, 2013 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Index slips below 23,000-level

Selling pressure in oil and fertiliser stocks brought KSE-100 Index below 23,000 mark Wednesday. The 100 Index shed 166.17 points to close at 22,994.72 against 23,160.89 Tuesday. The local bourse opened in green zone and after a few fluctuations, it slipp

Published 18 Jul, 2013 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Index slips below 23,000-level

Selling pressure in oil and fertiliser stocks brought KSE-100 Index below 23,000 mark Wednesday. The 100 Index shed 166.17 points to close at 22,994.72 against 23,160.89 Tuesday. The local bourse opened in green zone and after a few fluctuations, it slipp

Published 18 Jul, 2013 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Index slips below 23,000-level

Selling pressure in oil and fertiliser stocks brought KSE-100 Index below 23,000 mark Wednesday. The 100 Index shed 166.17 points to close at 22,994.72 against 23,160.89 Tuesday. The local bourse opened in green zone and after a few fluctuations, it slipp

Published 18 Jul, 2013 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Wall Street rises

US stocks edged higher on Wednesday after Federal Reserve Chairman Ben Bernanke said the timeline for winding down the US central bank''s stimulus programme was not set in stone. The Dow Jones industrial average was up 18.67 points, or 0.12 percent, to en

Published 18 Jul, 2013 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Wall Street rises

US stocks edged higher on Wednesday after Federal Reserve Chairman Ben Bernanke said the timeline for winding down the US central bank's stimulus programme was not set in stone. The Dow Jones industrial average was up 18.67 points, or 0.12 percent, to end

Published 18 Jul, 2013 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (July 17, 2013).

Published 18 Jul, 2013 12:00am

Wall Street rises

US stocks edged higher on Wednesday after Federal Reserve Chairman Ben Bernanke said the timeline for winding down the US central bank's stimulus programme was not set in stone. The Dow Jones industrial average was up 18.67 points, or 0.12 percent, to end

Published 18 Jul, 2013 12:00am

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 18 Jul, 2013 12:00am

EOBI scam: DHA given two days to deposit Rs 22 billion

Hearing a suo motu notice case of alleged corruption of Rs 40 billion in the Employees'' Old-Age Benefit Institution (EOBI) on Wednesday, the Supreme Court granted two days to Defence Housing Authority (DHA) to deposit Rs 22 billion with the Registrar''s

Published 18 Jul, 2013 12:00am

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 18 Jul, 2013 12:00am

EOBI scam: DHA given two days to deposit Rs 22 billion

Hearing a suo motu notice case of alleged corruption of Rs 40 billion in the Employees' Old-Age Benefit Institution (EOBI) on Wednesday, the Supreme Court granted two days to Defence Housing Authority (DHA) to deposit Rs 22 billion with the Registrar's of

Published 18 Jul, 2013 12:00am

New York cotton

The fluctuations observed during the day:

Published 18 Jul, 2013 12:00am

EOBI scam: DHA given two days to deposit Rs 22 billion

Hearing a suo motu notice case of alleged corruption of Rs 40 billion in the Employees' Old-Age Benefit Institution (EOBI) on Wednesday, the Supreme Court granted two days to Defence Housing Authority (DHA) to deposit Rs 22 billion with the Registrar's of

Published 18 Jul, 2013 12:00am

New York cotton

The fluctuations observed during the day:

Published 18 Jul, 2013 12:00am

''Minimum tax'' exemption: FBR acted beyond its jurisdiction: FTO

The Federal Tax Ombudsman has ruled that the Federal Board of Revenue (FBR) acted beyond its jurisdiction in exempting corporate sector service providers from ''minimum tax''. The FBR act of issuing Circular No 06/2009, and then inserting Clause 79 in the

Published 18 Jul, 2013 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 18 Jul, 2013 12:00am

'Minimum tax' exemption: FBR acted beyond its jurisdiction: FTO

The Federal Tax Ombudsman has ruled that the Federal Board of Revenue (FBR) acted beyond its jurisdiction in exempting corporate sector service providers from 'minimum tax'. The FBR act of issuing Circular No 06/2009, and then inserting Clause 79 in the S

Published 18 Jul, 2013 12:00am

Russia's 2013-14 raw sugar imports up 85 percent

Russia will increase its raw sugar imports by at least 85 percent in the 2013/14 marketing year starting on August 1, as its own beet sugar output is expected to fall, Russia's Institute for Agricultural Market Studies (IKAR) said on Tuesday. Russia plans

Published 18 Jul, 2013 12:00am

'Minimum tax' exemption: FBR acted beyond its jurisdiction: FTO

The Federal Tax Ombudsman has ruled that the Federal Board of Revenue (FBR) acted beyond its jurisdiction in exempting corporate sector service providers from 'minimum tax'. The FBR act of issuing Circular No 06/2009, and then inserting Clause 79 in the S

Published 18 Jul, 2013 12:00am

China's soyabean imports to surge to new record: Oil World

China's soyabean imports will reach 7 million tonnes in July, exceeding the previous month's record shipments as a poor harvest and rising demand depress its domestic supplies to a four-year low, Hamburg-based oilseeds analyst Oil World said.

Published 18 Jul, 2013 12:00am

Efforts towards maintaining Balochistan law & order: Supreme Court asks government to delineate roadmap

The Supreme Court on Wednesday directed Attorney General for Pakistan's office to file a statement on behalf of the federation to delineate a roadmap for reining in law and order situation in Balochistan. A three-member bench led by Chief Justice Iftikhar

Published 18 Jul, 2013 12:00am

Soneri Bank Limited declares PLS profit rates

The Soneri Bank Limited has declared the following rates of profit on various PLS deposits for the half year ended June 30, 2013:

Published 18 Jul, 2013 12:00am

Efforts towards maintaining Balochistan law & order: Supreme Court asks government to delineate roadmap

The Supreme Court on Wednesday directed Attorney General for Pakistan's office to file a statement on behalf of the federation to delineate a roadmap for reining in law and order situation in Balochistan. A three-member bench led by Chief Justice Iftikhar

Published 18 Jul, 2013 12:00am

Soneri Bank Limited declares PLS profit rates

The Soneri Bank Limited has declared the following rates of profit on various PLS deposits for the half year ended June 30, 2013:

Published 18 Jul, 2013 12:00am

TCP postpones urea tender: PPRA rules violated: TI Pakistan

The Trading Corporation of Pakistan (TCP) on Wednesday postponed opening of urea import tender as the Transparency International Pakistan has accused it of violating Public Procurement Rules 2004. According to Public Procure-ment Regulatory Authority (PPR

Published 18 Jul, 2013 12:00am

South Korean seeks to buy Australian wheat

South Korean flour millers are seeking a combined 106,100 tonnes of Australian milling wheat via tenders for October and December arrivals, traders said on Wednesday. Of the total, CJ Cheiljedang Corp is seeking 66,100 tonnes for November and December arr

Published 18 Jul, 2013 12:00am

TCP postpones urea tender: PPRA rules violated: TI Pakistan

The Trading Corporation of Pakistan (TCP) on Wednesday postponed opening of urea import tender as the Transparency International Pakistan has accused it of violating Public Procurement Rules 2004. According to Public Procure-ment Regulatory Authority (PPR

Published 18 Jul, 2013 12:00am

Corn, soya offers undefined amid thin supply

Corn and soyabean export premiums at the US Gulf Coast were not well defined for near term shipments as old-crop supplies were razor thin, while premiums for post-harvest shipments were mostly unchanged, traders said. Stronger CIF basis bids for nearby co

Published 18 Jul, 2013 12:00am

TCP postpones urea tender: PPRA rules violated: TI Pakistan

The Trading Corporation of Pakistan (TCP) on Wednesday postponed opening of urea import tender as the Transparency International Pakistan has accused it of violating Public Procurement Rules 2004. According to Public Procure-ment Regulatory Authority (PPR

Published 18 Jul, 2013 12:00am

Indian oilseeds, soyaoil futures steady

Indian oilseeds and soyaoil futures were treading water on Wednesday as gains in overseas edible oil prices offset a likely rise in local soyabean output due to expansion in acreage. At 0807 GMT, the benchmark Malaysian palm oil contract was up 1.17 perce

Published 18 Jul, 2013 12:00am

Import of urea: approval by ECC turns out to be mega scandal

The import of 0.3 million tons of urea recently approved by the Economic Co-ordination Committee (ECC) of the Cabinet has reportedly turned out to be a mega scandal as two ministries are challenging each other''s definition of "emergency". This issue will

Published 18 Jul, 2013 12:00am

Vietnamese coffee premiums at two-year high

Premiums of Vietnamese coffee to London futures prices held steady on Tuesday at their highest in nearly two years as farmers clung to stocks hoping for higher global prices and better returns. Traders said they expected shipments this month from Vietnam,

Published 18 Jul, 2013 12:00am

Import of urea: approval by ECC turns out to be mega scandal

The import of 0.3 million tons of urea recently approved by the Economic Co-ordination Committee (ECC) of the Cabinet has reportedly turned out to be a mega scandal as two ministries are challenging each other's definition of "emergency". This issue will

Published 18 Jul, 2013 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 102,337 tonnes of cargo comprising 82,284 tonnes of import cargo and 20,053 tonnes of export cargo including 5,820 loaded and empty containers during the last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 82

Published 18 Jul, 2013 12:00am

Import of urea: approval by ECC turns out to be mega scandal

The import of 0.3 million tons of urea recently approved by the Economic Co-ordination Committee (ECC) of the Cabinet has reportedly turned out to be a mega scandal as two ministries are challenging each other's definition of "emergency". This issue will

Published 18 Jul, 2013 12:00am

Oil cake market rates

The July vaida rises and December contract was also up on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The July vaida closed at Rs 996.80 and it opened with a rise of 20 paisa at Rs 997.00 in the morning, th

Published 18 Jul, 2013 12:00am

Rising trend persists on cotton market

An upward trend was witnessed on the cotton market on Wednesday in the process of moderate trading activity, dealers said. The official spot rate was up by Rs 100 to Rs 6,700. in the ready business, some 5000 bales of cotton changed hands between Rs 6675-

Published 18 Jul, 2013 12:00am

Canadian canola futures higher

ICE Canadian canola futures edged higher on Tuesday, snapping a three-day losing streak with a lift from short-covering and higher US soybean and corn prices. US Department of Agriculture rated on Monday 65 percent of the soybean crop as good or excellent

Published 18 Jul, 2013 12:00am

Lean business on grain market

Lean business was seen on the wholesale grain market on Wednesday, dealers said. On the cereals side, barley Sindh quoted at Rs 3050, other commodities managed to hold overnight levels, dealers said. On the seeds side, cottonseeds oilcake with bag Sindh (

Published 18 Jul, 2013 12:00am

Bank of Canada lays out conditions for steady rates

The Bank of Canada pledged on Wednesday to keep its benchmark interest rate on hold as long as there is economic slack, weak inflation and households are managing debt carefully, but it also made it clear its next rate move will likely be a hike. The cent

Published 18 Jul, 2013 12:00am

Bank of Italy cuts 2013 GDP forecast

The Bank of Italy lowered its economic forecast for 2013 on Wednesday, saying gross domestic product (GDP) would shrink by 1.9 percent after a weak first half but adding there were signs of stabilisation towards the end of the year. In its latest quarterl

Published 18 Jul, 2013 12:00am

Bank of Italy cuts 2013 GDP forecast

The Bank of Italy lowered its economic forecast for 2013 on Wednesday, saying gross domestic product (GDP) would shrink by 1.9 percent after a weak first half but adding there were signs of stabilisation towards the end of the year. In its latest quarterl

Published 18 Jul, 2013 12:00am

China's premier holds the line on reforming economy

China's Premier Li Keqiang urged caution about rushing to change economic policy to try to revive the country's sputtering growth, but he also signalled Beijing was prepared to take action if the economy slips too far. Beijing is widely expected to resist

Published 18 Jul, 2013 12:00am

Poland eases budget discipline to tackle slowdown

Poland is ready to widen its budget deficit by 16 billion zlotys ($4.87 billion) this year and suspend a ceiling on public debt, the government said on Tuesday, recognising that the slowing economy left it no choice but to loosen its fiscal discipline.

Published 18 Jul, 2013 12:00am

BoJ board at odds over steps to calm market

Bank of Japan policymakers were at odds over whether to take new steps to calm bond markets in June with some worried that doing so would give investors the impression it was over-reacting to short-term swings, minutes of the June rate review showed. Whil

Published 18 Jul, 2013 12:00am

EU to track down budget fraudsters

The European Commission said Wednesday it plans a special prosecutor's office to combat fraud and other crimes affecting the EU's budget with powers to operate directly in member states. The European Public Prosecutor's Office will "investigate and prosec

Published 18 Jul, 2013 12:00am

Regulators give financial benchmark setters some leeway

Global regulators will give banks and traders some leeway in compiling financial benchmarks such as Libor, stopping short of US calls for more radical action to stamp out price rigging. The guidance from the International Organisation of Securities Commis

Published 18 Jul, 2013 12:00am

Barclays to fight $453 million power fine in US court

Barclays will contest a record $453 million fine imposed by a US energy regulator against the British bank and four of its power traders, setting up a likely federal court battle. The fines, which were upheld by the Federal Energy Regulatory Commission (F

Published 18 Jul, 2013 12:00am

Europe to curb cost of paying with plastic

The European Commission will propose capping the fees that banks charge retailers to process card payments, according to draft legislation seen by Reuters that will squeeze an important money-spinner for lenders and cut costs for consumers. The curbs, com

Published 18 Jul, 2013 12:00am

US housing starts fall to 10-month low, weather blamed

US housing starts and permits for future home construction unexpectedly fell in June, but the decline in activity was likely to be short-lived against the backdrop of bullish sentiment among home builders. The Commerce Department said on Wednesday housing

Published 18 Jul, 2013 12:00am

Kuwait issues $74 billion budget with deficit

Opec member Kuwait said on Wednesday it has issued the 2013/2014 budget, with spending projected at 21.0 billion dinars ($73.7 billion), slightly short of last year's record expenditure of 21.2 billion dinars. The budget, issued by the emir in a decree be

Published 18 Jul, 2013 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 22	154.78
USD to Swiss Franc / Nov 22	0.89
Pound Sterling to USD / Nov 22	1.26
Euro to USD / Nov 22	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
Nasdaq / Nov 21	18,972.42
Dow Jones / Nov 21	43,870.35
India Sensex / Nov 22	78,147.34
Tokyo Nikkei / Nov 22	38,283.85
Hang Seng / Nov 22	19,170.91
FTSE 100 / Nov 22	8,202.46
Germany DAX 30 / Nov 22	19,225.74

Item	Value
Petrol/Litre / Nov 22	248.38
Crude Oil USD/Barrel / Nov 22	70.18
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Gold Spot USD/Ounce / Nov 22	2,691.90
Diesel/Litre / Nov 22	255.14

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

Most Popular