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Print - 2013-11-21
Rawalpindi violence: Nawaz flays role of social media

Rawalpindi violence: Nawaz flays role of social media

Prime Minister Muhammad Nawaz Sharif on Wednesday expressed annoyance over incompetence and criminal negligence of police during the Rawalpindi violence and issued directives to the authorities to conduct a fair and neutral investigation into the incident
Published 21 Nov, 2013 12:00am
Rawalpindi violence: Nawaz flays role of social media

Rawalpindi violence: Nawaz flays role of social media

Prime Minister Muhammad Nawaz Sharif on Wednesday expressed annoyance over incompetence and criminal negligence of police during the Rawalpindi violence and issued directives to the authorities to conduct a fair and neutral investigation into the incident
Published 21 Nov, 2013 12:00am
Drone strikes: US reneged on promise: Sartaj

Drone strikes: US reneged on promise: Sartaj

Adviser to the Prime Minister Muhammad Nawaz Sharif on National Security and Foreign Affairs Sartaj Aziz on Wednesday said the Untied States had given assurance to Pakistan that CIA drones would not target Tehreek-e-Taliban Pakistan (TTP) during the gover
Published 21 Nov, 2013 12:00am
Drone strikes: US reneged on promise: Sartaj

Drone strikes: US reneged on promise: Sartaj

Adviser to the Prime Minister Muhammad Nawaz Sharif on National Security and Foreign Affairs Sartaj Aziz on Wednesday said the Untied States had given assurance to Pakistan that CIA drones would not target Tehreek-e-Taliban Pakistan (TTP) during the gover
Published 21 Nov, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
New STRN applicants: risk-based profiling on priority basis, Dar assured

New STRN applicants: risk-based profiling on priority basis, Dar assured

The Federal Board of Revenue has assured Finance Minister Ishaq Dar that the risk-based profiling of new sales tax registration applicants will start on priority basis to ensure issuance of Sales Tax Registration Numbers (STRNs) to solely genuine applican
Published 21 Nov, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
New STRN applicants: risk-based profiling on priority basis, Dar assured

New STRN applicants: risk-based profiling on priority basis, Dar assured

The Federal Board of Revenue has assured Finance Minister Ishaq Dar that the risk-based profiling of new sales tax registration applicants will start on priority basis to ensure issuance of Sales Tax Registration Numbers (STRNs) to solely genuine applican
Published 21 Nov, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
New STRN applicants: risk-based profiling on priority basis, Dar assured

New STRN applicants: risk-based profiling on priority basis, Dar assured

The Federal Board of Revenue has assured Finance Minister Ishaq Dar that the risk-based profiling of new sales tax registration applicants will start on priority basis to ensure issuance of Sales Tax Registration Numbers (STRNs) to solely genuine applican
Published 21 Nov, 2013 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
Malala receives EU Sakharov rights prize

Malala receives EU Sakharov rights prize

Teenager Malala Yousafzai was handed the EU's prestigious Sakharov human rights prize Wednesday in recognition of her crusade for the right of all children, girls and boys, to an education. To thunderous applause announcing the European Parliament prize,
Published 21 Nov, 2013 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
Malala receives EU Sakharov rights prize

Malala receives EU Sakharov rights prize

Teenager Malala Yousafzai was handed the EU's prestigious Sakharov human rights prize Wednesday in recognition of her crusade for the right of all children, girls and boys, to an education. To thunderous applause announcing the European Parliament prize,
Published 21 Nov, 2013 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
Khyber Pakhtunkhwa government won't attend anti-Nato protest

Khyber Pakhtunkhwa government won't attend anti-Nato protest

Pakistan Tehreek-e-Insaf-led provincial government on Wednesday decided not to participate in the scheduled sit-in to block Nato supply route on November 23 after its legal wizards termed the move unwise, it is learnt. Well-placed sources told Business
Published 21 Nov, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
Khyber Pakhtunkhwa government won't attend anti-Nato protest

Khyber Pakhtunkhwa government won't attend anti-Nato protest

Pakistan Tehreek-e-Insaf-led provincial government on Wednesday decided not to participate in the scheduled sit-in to block Nato supply route on November 23 after its legal wizards termed the move unwise, it is learnt. Well-placed sources told Business
Published 21 Nov, 2013 12:00am
Pakistan offers hospitable environment, investors told

Pakistan offers hospitable environment, investors told

Prime Minister Nawaz Sharif on Wednesday said Pakistan provides a hospitable environment for business community and said the government is fully committed to provide best opportunities for international investors. The Prime Minister expressed these views
Published 21 Nov, 2013 12:00am
Pakistan offers hospitable environment, investors told

Pakistan offers hospitable environment, investors told

Prime Minister Nawaz Sharif on Wednesday said Pakistan provides a hospitable environment for business community and said the government is fully committed to provide best opportunities for international investors. The Prime Minister expressed these views
Published 21 Nov, 2013 12:00am
Pakistan offers hospitable environment, investors told

Pakistan offers hospitable environment, investors told

Prime Minister Nawaz Sharif on Wednesday said Pakistan provides a hospitable environment for business community and said the government is fully committed to provide best opportunities for international investors. The Prime Minister expressed these views
Published 21 Nov, 2013 12:00am
Musharraf treason case: notification of special court issued

Musharraf treason case: notification of special court issued

The Ministry of Law on Wednesday issued notification of formation of a special court to hear a treason case against former president General (r) Pervez Musharraf (Retd). A summary of three names was forwarded to the President for his approval, after which
Published 21 Nov, 2013 12:00am
Musharraf treason case: notification of special court issued

Musharraf treason case: notification of special court issued

The Ministry of Law on Wednesday issued notification of formation of a special court to hear a treason case against former president General (r) Pervez Musharraf (Retd). A summary of three names was forwarded to the President for his approval, after which
Published 21 Nov, 2013 12:00am
Investigators in possession of solid evidence: AGP

Investigators in possession of solid evidence: AGP

Attorney General for Pakistan (AGP) Munir A Malik on Wednesday told media persons that investigators had solid evidence against former President and army chief Pervez Musharraf in high treason case. According to him, the Federal Investigation Agency (FIA)
Published 21 Nov, 2013 12:00am
Investigators in possession of solid evidence: AGP

Investigators in possession of solid evidence: AGP

Attorney General for Pakistan (AGP) Munir A Malik on Wednesday told media persons that investigators had solid evidence against former President and army chief Pervez Musharraf in high treason case. According to him, the Federal Investigation Agency (FIA)
Published 21 Nov, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 20, 2013).
Published 21 Nov, 2013 12:00am
Kayani chairs his last formation commanders' meeting

Kayani chairs his last formation commanders' meeting

Chief of Army Staff General Ashfaq Parvez Kayani chaired a meeting of the Formation Commanders on Wednesday at General Headquarters (GHQ) - the last such gathering during his tenure. The army high command discussed the over all security situation particul
Published 21 Nov, 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 Wednesday (November 20, 2013).

Published 21 Nov, 2013 12:00am
Kayani chairs his last formation commanders' meeting

Kayani chairs his last formation commanders' meeting

Chief of Army Staff General Ashfaq Parvez Kayani chaired a meeting of the Formation Commanders on Wednesday at General Headquarters (GHQ) - the last such gathering during his tenure. The army high command discussed the over all security situation particul
Published 21 Nov, 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 Wednesday (November 20, 2013).

Published 21 Nov, 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 Wednesday (November 20, 2013).

Published 21 Nov, 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 Wednesday (November 20, 2013).

Published 21 Nov, 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 21 Nov, 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 21 Nov, 2013 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 21 Nov, 2013 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 21 Nov, 2013 12:00am
Kenyan tea prices rise

Kenyan tea prices rise

The average price of top Kenyan tea rose to $4.10 per kg at this week's auction from $3.57 per kg last week, traders said on Wednesday. Kenya is the world's leading black tea exporter and the crop is a major foreign exchange earner in east Africa's larges
Published 21 Nov, 2013 12:00am
Small trading seen on grain market

Small trading seen on grain market

A few changes were seen on the wholesale grain market on Wednesday in the process of trading, dealers said. On the cereals side, Masoor Canada was down by Rs 100 to Rs 8000 due to steady arrival position, other commodities maintained overnight levels, the
Published 21 Nov, 2013 12:00am
Soyabean export premiums flat

Soyabean export premiums flat

Soyabean export premiums at the US Gulf Coast were mostly unchanged on Tuesday amid routine demand, while corn premiums were steady with a firm tone, traders said. Nearby premiums were unquoted as November and December loading capacity at the Gulf was eff
Published 21 Nov, 2013 12:00am
Vietnamese coffee exporters lower prices to global levels

Vietnamese coffee exporters lower prices to global levels

Vietnamese coffee exporters have cut prices to bring them on par with global levels as crop harvesting in the world's top robusta producer picked up pace and boosted supply, but sales were slow as buyers sought even lower prices, traders said on Tuesday.
Published 21 Nov, 2013 12:00am
Indian sugar rises on hopes of import duty hike

Indian sugar rises on hopes of import duty hike

Indian sugar futures rose on Wednesday from their lowest level in nearly one-and-a-half years on hopes the government would raise import duty on the sweetener and also due to a delayed crushing season in key producing states. The key December contract was
Published 21 Nov, 2013 12:00am
European wheat futures higher

European wheat futures higher

European wheat futures were higher on Wednesday on strengthening prospects for exports as rival Black Sea wheat fades from the market, despite a setback for French wheat in a tender from Egypt on Tuesday. A strong close in Chicago on Tuesday, when US whea
Published 21 Nov, 2013 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 79,917 tonnes of cargo comprising 75,188 tonnes of import cargo and 4,729 tonnes of export cargo including 2,303 loaded and empty containers during the last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 75,1
Published 21 Nov, 2013 12:00am
Kenya's coffee prices fall

Kenya's coffee prices fall

The top price of Kenya's benchmark coffee at auction fell to $294 per 50-kg bag from $315 at the last sale two weeks ago, the Nairobi Coffee Exchange (NCE) said on Wednesday. Kenya is a small coffee producer, but its speciality coffee is famous for its qu
Published 21 Nov, 2013 12:00am
US wheat futures rise on strong demand

US wheat futures rise on strong demand

US wheat futures rose on Tuesday on firm demand in the export market and on concerns about the declining condition of the US crop as it heads into dormancy. The front-month Chicago Board of Trade soft red winter wheat contract rose 1.2 percent, its bigges
Published 21 Nov, 2013 12:00am
Oil cake market rates

Oil cake market rates

Futures were higher on the forward cottonseeds oilcake market on Wedneday in the process of trading, dealers said. The December vaida closed at Rs 954.70 and it opened with a gain of 20 paisa at Rs 954.90 in the morning session, they said. The January con
Published 21 Nov, 2013 12:00am
Cotton market: spot rate declines sharply

Cotton market: spot rate declines sharply

Spot rate declined sharply because of easy supply of phutti, dealers said on the cotton market on Tuesday. The official spot rate fell sharp by Rs 100 to Rs 6,450, they said. Price of seed cotton in Sindh per 40 kg were inert at Rs 1800-2800 and, in Punja
Published 21 Nov, 2013 12:00am
Sinopec in talks on Canada site for LNG project

Sinopec in talks on Canada site for LNG project

China's Sinopec Corp is in serious talks on a site for a potential liquefied natural gas (LNG) export terminal in British Columbia, the province's Minister of Natural Gas Development said on Tuesday. Rich Coleman, in a conference call with reporters, said
Published 21 Nov, 2013 12:00am
ECB seen unlikely to start buying bonds, but more cheap money to come

ECB seen unlikely to start buying bonds, but more cheap money to come

The European Central Bank is unlikely to embark on its own bond buying programme but will offer banks another wave of cheap cash early next year through long-term loans, a Reuters poll of economists found on Wednesday. All policy options are open to the E
Published 21 Nov, 2013 12:00am
ECB seen unlikely to start buying bonds, but more cheap money to come

ECB seen unlikely to start buying bonds, but more cheap money to come

The European Central Bank is unlikely to embark on its own bond buying programme but will offer banks another wave of cheap cash early next year through long-term loans, a Reuters poll of economists found on Wednesday. All policy options are open to the E
Published 21 Nov, 2013 12:00am
Thyssen nears US steel plant sale, cartel settlement

Thyssen nears US steel plant sale, cartel settlement

Germany's ThyssenKrupp said it was nearing a long-awaited sale of its US steel plant and had reached an agreement to settle a cartel lawsuit, clearing the way for it to raise much-needed capital. Shares in Germany's biggest steelmaker fell 2.1 percent, ho
Published 21 Nov, 2013 12:00am
Bloomberg to downsize news staff

Bloomberg to downsize news staff

The Bloomberg news agency said Tuesday it was cutting staff as it scales back its arts and culture coverage, saying it was seeking to position itself for "significant growth." The cuts are expected to affect fewer than 40 positions out of more than 2,000
Published 21 Nov, 2013 12:00am
IKEA Germany sees 10 percent of sales moving online

IKEA Germany sees 10 percent of sales moving online

The Germany head of IKEA Group, the world's biggest furniture retailer, eventually expects 10 percent of sales to come from e-commerce, although the Swedish firm is still investing heavily in physical stores. "A long-term share of turnover of 10 percent i
Published 21 Nov, 2013 12:00am
Miners face rising threat of cyber-attacks

Miners face rising threat of cyber-attacks

Miners are becoming increasingly vulnerable to cyber-hacking as they slash costs, automate equipment, rely more on the internet, and run mines from hundreds of kilometers away, a survey of nearly 40 mining companies has found. Threats can come from crimin
Published 21 Nov, 2013 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares fell on Wednesday, snapping a four-day winning streak as foreign investors locked in profits, with the market failing to gain support from comments by the US Federal Reserve chief signalling commitment to its ultra-easy policy. The Korea Comp
Published 21 Nov, 2013 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks closed 0.33 percent lower on Wednesday, giving up early gains as the dollar turned down against the yen. The benchmark Nikkei 225 index fell 50.48 points to 15,076.08 while the Topix index of all first-section issues closed down 0.28 percent,
Published 21 Nov, 2013 12:00am
European shares buoyed by talk of negative ECB rates

European shares buoyed by talk of negative ECB rates

European shares inched higher on Wednesday, recovering some of their poise after weakness in the previous session, with traders citing a report that the European Central Bank was mulling setting negative deposit rates. The FTSEurofirst 300 ended up 0.1 pe
Published 21 Nov, 2013 12:00am
Egypt's index jumps; other Gulf markets mixed

Egypt's index jumps; other Gulf markets mixed

Egypt's main stock index jumped 1.4 percent on Wednesday to its highest level since January 2011 after a major political protest in the capital ended relatively peacefully, while other Gulf markets were mixed. Egyptian police fired teargas to drive protes
Published 21 Nov, 2013 12:00am
Dow, S&P retreat for second day; Best Buy weighs

Dow, S&P retreat for second day; Best Buy weighs

US stocks fell on Tuesday, with the Dow and the S&P 500 retreating further from milestone levels, led by a slide in Best Buy after a disappointing outlook. Trading remained in a tight range with US Federal Reserve Chairman Ben Bernanke scheduled to speak
Published 21 Nov, 2013 12:00am
US bond prices fall on Bunds

US bond prices fall on Bunds

US Treasuries prices fell on Tuesday as investors pared their bond holdings on weakness in European bonds and competition from corporate bond supply. Treasury yields held in a tight trading range as investors awaited possible surprises in data on retail s
Published 21 Nov, 2013 12:00am
US bond prices fall on Bunds

US bond prices fall on Bunds

US Treasuries prices fell on Tuesday as investors pared their bond holdings on weakness in European bonds and competition from corporate bond supply. Treasury yields held in a tight trading range as investors awaited possible surprises in data on retail s
Published 21 Nov, 2013 12:00am
Tel Aviv stocks hit record high

Tel Aviv stocks hit record high

Israel's bluechip share index hit a record closing high on Wednesday, having lagged many of its counterparts across the world for nearly three years as political instability clouded investor perceptions towards the Middle East. The Tel Aviv 25 index rose
Published 21 Nov, 2013 12:00am
Australian shares drop

Australian shares drop

Australian stocks dropped 0.8 percent on Wednesday to a one-month closing low, with wide selling of mining and bank stocks after comments by Federal Reserve Chairman Ben Bernanke weakened the US dollar and strengthened the Australian currency, hurting exp
Published 21 Nov, 2013 12:00am
Hong Kong, China stocks up

Hong Kong, China stocks up

Hong Kong shares closed 0.18 percent higher on Wednesday following gains in Shanghai, as traders remained upbeat after China last week unveiled a blueprint for economic reforms. The benchmark Hang Seng Index rose 43.05 points to 23,700.86 on turnover of H
Published 21 Nov, 2013 12:00am
Indian shares mark biggest single-day fall in 1-1/2 months

Indian shares mark biggest single-day fall in 1-1/2 months

Indian shares fell nearly 1.5 percent on Wednesday, marking their biggest single-day percentage fall in nearly 1-1/2 months, as bluechips slumped on profit-booking after three consecutive sessions of gains. Some traders cited heavy basket selling in the m
Published 21 Nov, 2013 12:00am
Sri Lankan stocks at 7-week low

Sri Lankan stocks at 7-week low

Sri Lankan stocks fell to a seven-week closing low on Wednesday led by bluechips and large-caps as investors awaited directions from the 2014 budget, which will be presented later this week. The main stock index closed 0.27 percent, or 15.62 points, weake
Published 21 Nov, 2013 12:00am
Taiwan stocks dragged lower

Taiwan stocks dragged lower

Taiwan stocks retreated on Wednesday after four consecutive sessions of gains, weighed down by chipmakers, with heavyweight TSMC losing 2 percent. At 0259 GMT, the main TAIEX index was down 0.35 percent, or 28.99 points, at 8,231.22, after opening down 0.
Published 21 Nov, 2013 12:00am