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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-11-26
Early trade in New York: yen skids versus dollar and euro

Early trade in New York: yen skids versus dollar and euro

The yen slid to a six-month low against the dollar and a four-year trough versus the euro on Monday as a deal on Iran's nuclear program eased political anxieties, buoying global equity markets. The Japanese currency typically falls when share prices rise,
Published 26 Nov, 2013 12:00am
Yen tumbles against dollar and euro in London

Yen tumbles against dollar and euro in London

The yen hit a six-month low against the dollar and a four-year trough versus the euro on Monday as a deal on Iran's nuclear programme sent shares higher, prompting investors to sell the low-yielding currency. The Japanese currency typically falls when sha
Published 26 Nov, 2013 12:00am
Thai protests weaken baht; rupiah leads Asia FX lower

Thai protests weaken baht; rupiah leads Asia FX lower

The Thai baht weakened to its lowest against the dollar for nearly 11-weeks as anti-government demonstrators occupied the Finance Ministry on Monday. The Indonesian rupiah led falls among emerging Asia currencies, however, as it slipped to its weakest sin
Published 26 Nov, 2013 12:00am
Yuan little changed

Yuan little changed

China's yuan was little changed on Monday morning after the central bank strengthened its guidance slightly, stuck in a tight range as traders said big banks are keeping the market on lockdown. The stronger midpoint setting followed a slide in the dollar
Published 26 Nov, 2013 12:00am
Indian rupee gains for second day

Indian rupee gains for second day

The Indian rupee rose for a second consecutive session on Monday, boosted by dollar selling by corporates and custodian banks, although month-end dollar demand from oil firms could limit a sharp rally in coming days. Gains in the rupee tracked a rally in
Published 26 Nov, 2013 12:00am
Sterling hits five-year high versus yen

Sterling hits five-year high versus yen

Sterling hit a five-year peak against a broadly weaker yen on Monday and traded near an 11-month peak against a basket of currencies, helped by robust economic data and favourable rate differentials. Mortgage approvals in Britain were 33 percent higher on
Published 26 Nov, 2013 12:00am
34 dead in Iraq attacks as France offers help

34 dead in Iraq attacks as France offers help

Iraq attacks, including a market bombing and the assassination of a former MP, killed 34 people Monday as France offered to help combat a surge in bloodshed ahead of elections. The protracted rise in violence, which has seen at least 500 people killed alr
Published 26 Nov, 2013 12:00am
Syria peace talks set for January 22 in Geneva

Syria peace talks set for January 22 in Geneva

An international peace conference aimed at ending Syria's civil war will be held on January 22, the first face-to-face talks between the government of President Bashar al-Assad and rebels seeking to overthrow him, the United Nations said on Monday. The Un
Published 26 Nov, 2013 12:00am
Asian airlines to give flight plans to China after airspace zone created

Asian airlines to give flight plans to China after airspace zone created

Asian airlines will inform China of their flight plans before entering airspace over waters disputed with Japan, regional aviation officials said on Monday, effectively acknowledging Beijing's authority over a newly declared "Air Defense Identification Zo
Published 26 Nov, 2013 12:00am
JFK rocking chair, flags fetch $500,000 at auction

JFK rocking chair, flags fetch $500,000 at auction

A rocking chair used by president John F. Kennedy at the White House and two flags from his office drew more than $500,000 from a collector, Heritage Auctions said Sunday. They were among some 228 items linked to the former president put under the hammer
Published 26 Nov, 2013 12:00am
Winter storm kills 13 in US, threatens holiday travel

Winter storm kills 13 in US, threatens holiday travel

A major winter storm that has dumped freezing rain and snow in the US south-west has killed at least 13 people in five states, US media reported. The storm is expected to continue east over the next several days, just as tens of millions of travellers are
Published 26 Nov, 2013 12:00am
Honduras, plagued by poverty and crime, picks new leader

Honduras, plagued by poverty and crime, picks new leader

Hondurans went to the polls amid tight security Sunday to pick a new president for their Central American nation, the world's deadliest and among the region's poorest. The election pits Xiomara Castro, leftist wife of ousted former leader Manuel Zelaya, a
Published 26 Nov, 2013 12:00am
Eight killed as freight train derails in Brazil

Eight killed as freight train derails in Brazil

Eight people were killed and eight injured when a freight train derailed in the southern Brazilian town of Sao Jose do Rio Preto, local media reported Monday. Operated by America Latina Logistica, the train had nine cars loaded with corn when it derailed
Published 26 Nov, 2013 12:00am
Egypt police disperse first protest since new law passed

Egypt police disperse first protest since new law passed

Egyptian security forces fired tear-gas and dispersed university students who had defied a law passed on Sunday that restricts demonstrations, the state news agency reported on Monday. Students of Al-Azhar University and Assiut University in Assiut provin
Published 26 Nov, 2013 12:00am
Mexico to give equality prize to Malala

Mexico to give equality prize to Malala

Mexico said Sunday it will award its 2013 International Prize for Equality and Non-Discrimination to Malala Yousafzai. The award seeks to recognise Malala's efforts for "the protection of human rights" and especially her fight to protect the right to educ
Published 26 Nov, 2013 12:00am
Shahbaz reviews prices of essential commodities

Shahbaz reviews prices of essential commodities

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the measures taken by the government for stabilising prices of essential items are yielding positive results. However, a lot is still to be done, he added. Chief Minister was presiding over a hig
Published 26 Nov, 2013 12:00am
Sher Dil takes charge

Sher Dil takes charge

New Deputy Commissioner Islamabad Mujahid Sher Dil has taken over charge of his office on Monday. He held a preliminary meeting with the ADC(G), ACs and magistrates who have given a briefing to the new Deputy Commissioner, on the day to day affairs of Isl
Published 26 Nov, 2013 12:00am
International Day on eradication of violence against women marked

International Day on eradication of violence against women marked

With around 70 to 80 percent women suffer domestic violence in Pakistan; White Ribbon Campaign (WRC) in collaboration with Lahore College for Women University (LCWU) marked the International Day for Eradication of Violence against Women on Monday, to show
Published 26 Nov, 2013 12:00am
FINCA Microfinance Bank Limited launched

FINCA Microfinance Bank Limited launched

FINCA, a global microfinance organisation, has announced the launch of FINCA Microfinance Bank Limited here on Monday. FINCA Microfinance Co-operative (UA), the Netherlands-based investment arm of FINCA, acquired in May 2013 a majority holding in the Paki
Published 26 Nov, 2013 12:00am
PTI MPA forces Pesco, police to release thieves

PTI MPA forces Pesco, police to release thieves

PTI MPA Fazal Elahi and his armed men forcibly released six power thieves from the custody of the staff of Peshawar Electric Supply Company (PESCO) and Police. According to a spokesman of PESCO, the staff and Pesco police were busy in routine checking and
Published 26 Nov, 2013 12:00am
Indian films: LHC issues notices to government, Censor Board chairman

Indian films: LHC issues notices to government, Censor Board chairman

The Lahore High Court here on Monday issued notices again to Chairman Pakistan Central Censor Board and Federal Government for reply by December 12 in a petition of an anchor challenging smuggling of Indian films and their exhibition in Pakistan. The cour
Published 26 Nov, 2013 12:00am
Wheat growers advised to remove weeds

Wheat growers advised to remove weeds

Punjab Agriculture Department (PAD) has advised the wheat growers to remove weeds from the crop as it can effect production from 14 to 42 percent. A spokesman of PAD said on Monday that growers must use recommended sprays for the removal of weeds with bro
Published 26 Nov, 2013 12:00am
Rocket Internet launches new real estate platform

Rocket Internet launches new real estate platform

The world's largest internet incubator, Rocket Internet, has launched its new real estate platform Lamudi.pk in Pakistan. Lamudi.pk enables customers to easily sell, rent or find their ideal home, commercial property or land online. At the same time, prop
Published 26 Nov, 2013 12:00am
Punjab government to set up 600 'Madni Dastarkhawans' on nominal rates

Punjab government to set up 600 'Madni Dastarkhawans' on nominal rates

Punjab government will establish 600 "Madni Dastarkhawans" in all the populous cities of the province in public-private partnership to provide cooked meal on nominal price to the low income segment of the society. A decision in this regard was taken at th
Published 26 Nov, 2013 12:00am
Security at Punjab public hospitals questioned

Security at Punjab public hospitals questioned

The office-bearers of Pakistan Medical Association (PMA) have expressed deep concerns over the security conditions at Punjab public hospitals. Terming it deplorable they said that torture on Professor Dr Aslam at LGH on Monday by unknown persons had creat
Published 26 Nov, 2013 12:00am
Media conference on November 27

Media conference on November 27

Individualand Pakistan, a research based consulting and advocacy firm based in Islamabad is all set to hold the 3rd national media conference on the 27th and 28th of November, 2013 at the Marriot Hotel, Islamabad. The event will be attended by senior jour
Published 26 Nov, 2013 12:00am
PTI requisitions Punjab Assembly session

PTI requisitions Punjab Assembly session

Opposition leader in the Punjab Assembly Mian Mehmood-ur-Rashid has demanded immediate session of the provincial assembly, saying that "People's Assembly" will be staged in the assembly premises in case of delay. He was addressing a joint press conference
Published 26 Nov, 2013 12:00am
ECP de-notifies Sumaira Malik as MNA

ECP de-notifies Sumaira Malik as MNA

The Election Commission on Monday de-notified Sumaira Malik as Member National Assembly from constituency NA-69 Khushab, for possessing a fake degree. According to a notification issued here by ECP, Sumaira Malik shall be deemed to be never declared elect
Published 26 Nov, 2013 12:00am
WWF-P, Shan Foods launch Spellathon drive

WWF-P, Shan Foods launch Spellathon drive

World Wide Fund for Nature-Pakistan (WWF-P) in collaboration with Shoop Noodles of Shan Foods launched Spellathon 2013-14 across Pakistan. The inaugural event of this year's Spellathon campaign was attended by a large number of students, where they were e
Published 26 Nov, 2013 12:00am
Chinese expert speaks about Indo-Pak peace prospects

Chinese expert speaks about Indo-Pak peace prospects

Prof. Zhon Rong from Jiangsu Normal University, China said on Monday that there is a lot of potential of investment and joint ventures between India and Pakistan. He was addressing an International Conference on "Socio-Economic and Cultural Relations betw
Published 26 Nov, 2013 12:00am
Punjab approves development schemes

Punjab approves development schemes

The Punjab Government on Monday approved two development schemes of public sector buildings and roads sector with an estimated cost of Rs844.877 million.
Published 26 Nov, 2013 12:00am
International cancer symposium from November 29 at SKMCH

International cancer symposium from November 29 at SKMCH

Shaukat Khanum Memorial Cancer Hospital (SKMCH) & Research Centre is organising its 12th International Cancer Symposium from November 29 to December 1 in Lahore. The symposium's theme this year is "Fighting Cancer on all fronts" and it will stand out as a
Published 26 Nov, 2013 12:00am
No authority will be allowed to encroach upon one inch of land: Qaim

No authority will be allowed to encroach upon one inch of land: Qaim

The Chief Minister Sindh Syed Qaim Ali Shah said all open lands, islands and land under the sea up to twelve nautical miles are the legal property of Sindh government and no other authority has right to claim ownership or allot or bring under its possessi
Published 26 Nov, 2013 12:00am
Case against Mumbai attacks accused 'flawed': lawyers

Case against Mumbai attacks accused 'flawed': lawyers

Lawyers for seven Pakistanis accused of involvement in the 2008 Mumbai attacks Monday said the case against them "lacks evidence", a day before the fifth anniversary of the assault that left 166 people dead. Rizwan Abbasi, a lawyer for the men, on Monday
Published 26 Nov, 2013 12:00am
Case against Mumbai attacks accused 'flawed': lawyers

Case against Mumbai attacks accused 'flawed': lawyers

Lawyers for seven Pakistanis accused of involvement in the 2008 Mumbai attacks Monday said the case against them "lacks evidence", a day before the fifth anniversary of the assault that left 166 people dead. Rizwan Abbasi, a lawyer for the men, on Monday
Published 26 Nov, 2013 12:00am
Auction for 3G/4G licenses: VPMCL selected for consultant''s role

Auction for 3G/4G licenses: VPMCL selected for consultant''s role

Pakistan Telecommunication Authority (PTA) selected Value Partner Management Consulting Limited (VPMCL) as consultant for the auction of next generation (3G/4G licenses). Well-placed sources told Business Recorder that the Authority had accepted th
Published 26 Nov, 2013 12:00am
Auction for 3G/4G licenses: VPMCL selected for consultant's role

Auction for 3G/4G licenses: VPMCL selected for consultant's role

Pakistan Telecommunication Authority (PTA) selected Value Partner Management Consulting Limited (VPMCL) as consultant for the auction of next generation (3G/4G licenses). Well-placed sources told Business Recorder that the Authority had accepted th
Published 26 Nov, 2013 12:00am
Auction for 3G/4G licenses: VPMCL selected for consultant's role

Auction for 3G/4G licenses: VPMCL selected for consultant's role

Pakistan Telecommunication Authority (PTA) selected Value Partner Management Consulting Limited (VPMCL) as consultant for the auction of next generation (3G/4G licenses). Well-placed sources told Business Recorder that the Authority had accepted th
Published 26 Nov, 2013 12:00am
The Weather

The Weather

The weather report on Monday (November 25, 2013) and the forecast for Tuesday (November 26, 2013).

Published 26 Nov, 2013 12:00am
Bangladesh to hold election in January

Bangladesh to hold election in January

Bangladesh announced plans Monday for a general election in early January despite threats by the main opposition party to boycott the polls and stage mass protests until the prime minister quits. In an announcement on state television, Chief Elections Com
Published 26 Nov, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (November 25, 2013).

Published 26 Nov, 2013 12:00am
Bangladesh to hold election in January

Bangladesh to hold election in January

Bangladesh announced plans Monday for a general election in early January despite threats by the main opposition party to boycott the polls and stage mass protests until the prime minister quits. In an announcement on state television, Chief Elections Com
Published 26 Nov, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (November 25, 2013).

Published 26 Nov, 2013 12:00am
Pakistan inducts first fleet of UAVs in armed forces

Pakistan inducts first fleet of UAVs in armed forces

Pakistan on Monday inducted the first fleet of indigenously developed strategic unmanned aerial vehicles (UAVs), namely Burraq and Shahpar, in Pakistan Army and Pakistan Air Force. The induction of UAVs, very effective force multipliers, to the inventory
Published 26 Nov, 2013 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 26 Nov, 2013 12:00am
Pakistan inducts first fleet of UAVs in armed forces

Pakistan inducts first fleet of UAVs in armed forces

Pakistan on Monday inducted the first fleet of indigenously developed strategic unmanned aerial vehicles (UAVs), namely Burraq and Shahpar, in Pakistan Army and Pakistan Air Force. The induction of UAVs, very effective force multipliers, to the inventory
Published 26 Nov, 2013 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 26 Nov, 2013 12:00am
Chief minister Balochistan protests against violations by Iran

Chief minister Balochistan protests against violations by Iran

Balochistan Chief Minister Dr Abdul Malik Baloch has strongly protested against missile attacks and repeated border violations by Iran and asked the federal government to take up the matter with Iran. The Chief Minister said Home department had prepared a
Published 26 Nov, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (November 25, 2013).

Published 26 Nov, 2013 12:00am
ISE index up by 17.83 points

ISE index up by 17.83 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Monday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 17.83 points as the ISE Ten
Published 26 Nov, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (November 25, 2013) and for Tuesday (November 26, 2013).
Published 26 Nov, 2013 12:00am
ISE index up by 17.83 points

ISE index up by 17.83 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Monday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 17.83 points as the ISE Ten
Published 26 Nov, 2013 12:00am
LSE index up by 37.10 points

LSE index up by 37.10 points

Bullish sentiments dominated on the Lahore Stock Exchange on Monday and the equities registered gains across the boars amid improved trading turnover. The LSE-25 index posted a gain of 37.10 points to close at 4672.50 against 4635.40 of last Friday, while
Published 26 Nov, 2013 12:00am
LSE index up by 37.10 points

LSE index up by 37.10 points

Bullish sentiments dominated on the Lahore Stock Exchange on Monday and the equities registered gains across the boars amid improved trading turnover. The LSE-25 index posted a gain of 37.10 points to close at 4672.50 against 4635.40 of last Friday, while
Published 26 Nov, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (November 25, 2013).

Published 26 Nov, 2013 12:00am
Drone strikes: KP government submits memo to US Consulate

Drone strikes: KP government submits memo to US Consulate

The Khyber Pakhtunkhwa government on Monday submitted a memorandum of protest to the US consulate in Peshawar against recent missile strikes in Hangu, a settled area of the province. A group of lawmakers from the Khyber-Pakhtunkhwa (KP) Assembly headed by
Published 26 Nov, 2013 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (November 25, 2013).

Published 26 Nov, 2013 12:00am
Drone strikes: KP government submits memo to US Consulate

Drone strikes: KP government submits memo to US Consulate

The Khyber Pakhtunkhwa government on Monday submitted a memorandum of protest to the US consulate in Peshawar against recent missile strikes in Hangu, a settled area of the province. A group of lawmakers from the Khyber-Pakhtunkhwa (KP) Assembly headed by
Published 26 Nov, 2013 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (November 25, 2013).

Published 26 Nov, 2013 12:00am
EU gears up for sanctions relief despite Israel concern

EU gears up for sanctions relief despite Israel concern

The European Union could lift some sanctions on Iran next month, France said Monday, as world powers geared up to implement a landmark nuclear deal with Tehran while trying to placate a furious Israel. Iran and the major powers have hailed Sunday's deal i
Published 26 Nov, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (November 25, 2013).

Published 26 Nov, 2013 12:00am
EU gears up for sanctions relief despite Israel concern

EU gears up for sanctions relief despite Israel concern

The European Union could lift some sanctions on Iran next month, France said Monday, as world powers geared up to implement a landmark nuclear deal with Tehran while trying to placate a furious Israel. Iran and the major powers have hailed Sunday's deal i
Published 26 Nov, 2013 12:00am
Most Gulf stocks fall

Most Gulf stocks fall

Most Gulf bourses fell on Monday as oil markets reacted to the breakthrough nuclear deal between Iran and world powers, which caused the price of Brent crude to slip 1.8 percent. The deal is not intended to let more of Iran''s oil into the market, the Whi
Published 26 Nov, 2013 12:00am
Most Gulf stocks fall

Most Gulf stocks fall

Most Gulf bourses fell on Monday as oil markets reacted to the breakthrough nuclear deal between Iran and world powers, which caused the price of Brent crude to slip 1.8 percent. The deal is not intended to let more of Iran's oil into the market, the Whit
Published 26 Nov, 2013 12:00am
Most Gulf stocks fall

Most Gulf stocks fall

Most Gulf bourses fell on Monday as oil markets reacted to the breakthrough nuclear deal between Iran and world powers, which caused the price of Brent crude to slip 1.8 percent. The deal is not intended to let more of Iran's oil into the market, the Whit
Published 26 Nov, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 25, 2013).

Published 26 Nov, 2013 12:00am
Iran deal sends oil lower, lifts shares and dollar

Iran deal sends oil lower, lifts shares and dollar

The dollar strengthened and world equity markets rose on Monday on expectations that the deal to curb Iran''s nuclear program will ease Mideast political tensions and help lift global economic growth. The breakthrough accord reached over the weekend in Ge
Published 26 Nov, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 25, 2013).

Published 26 Nov, 2013 12:00am
Iran deal sends oil lower, lifts shares and dollar

Iran deal sends oil lower, lifts shares and dollar

The dollar strengthened and world equity markets rose on Monday on expectations that the deal to curb Iran's nuclear program will ease Mideast political tensions and help lift global economic growth. The breakthrough accord reached over the weekend in Gen
Published 26 Nov, 2013 12:00am
Iran deal sends oil lower, lifts shares and dollar

Iran deal sends oil lower, lifts shares and dollar

The dollar strengthened and world equity markets rose on Monday on expectations that the deal to curb Iran's nuclear program will ease Mideast political tensions and help lift global economic growth. The breakthrough accord reached over the weekend in Gen
Published 26 Nov, 2013 12:00am
WTO talks fail to agree on global trade deal text

WTO talks fail to agree on global trade deal text

Marathon talks on the World Trade Organisation''s first-ever world-wide trade reform in Geneva failed early on Monday to agree on a text to put to ministers who meet in Bali next month. The fate of the agreement to streamline customs procedures and speed
Published 26 Nov, 2013 12:00am
THE RUPEE: dollar at Rs 108 on interbank

THE RUPEE: dollar at Rs 108 on interbank

The rupee failed to halt its slide against the dollar on the money market on Monday in the process of strong demand for the greenback, dealers said.
Published 26 Nov, 2013 12:00am
WTO talks fail to agree on global trade deal text

WTO talks fail to agree on global trade deal text

Marathon talks on the World Trade Organisation's first-ever world-wide trade reform in Geneva failed early on Monday to agree on a text to put to ministers who meet in Bali next month. The fate of the agreement to streamline customs procedures and speed u
Published 26 Nov, 2013 12:00am
THE RUPEE: dollar at Rs 108 on interbank

THE RUPEE: dollar at Rs 108 on interbank

The rupee failed to halt its slide against the dollar on the money market on Monday in the process of strong demand for the greenback, dealers said.
Published 26 Nov, 2013 12:00am
WTO talks fail to agree on global trade deal text

WTO talks fail to agree on global trade deal text

Marathon talks on the World Trade Organisation's first-ever world-wide trade reform in Geneva failed early on Monday to agree on a text to put to ministers who meet in Bali next month. The fate of the agreement to streamline customs procedures and speed u
Published 26 Nov, 2013 12:00am
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