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Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-03-07
Early trade in New York: Euro goes to new 2014 high against dollar

Early trade in New York: Euro goes to new 2014 high against dollar

The euro jumped against the dollar on Thursday to its highest since December and to a peak against the yen not seen since January 23 after the European Central Bank signalled no need for new economic stimulus. ECB President Mario Draghi told a news confer
Published 07 Mar, 2014 12:00am
Three bills referred to Senate bodies for deliberations

Three bills referred to Senate bodies for deliberations

The opposition lawmakers in Senate Thursday gave tough time to the government, barring passage of three bills - Federal Court (Repeal) Bill 2014, National Judicial (Policy Making) Committee (Amendment) Bill, 2014 and Legal Practitioners and Bar Councils (
Published 07 Mar, 2014 12:00am
Rain harvesting project in Rawalpindi arid region launched

Rain harvesting project in Rawalpindi arid region launched

Rain Harvesting Project has been started in the arid region of Rawalpindi to rehabilitate groundwater table in the areas, which would be utilised for plantation and agricultural purposes. This was revealed in a meeting held at Agency for Barani Areas Deve
Published 07 Mar, 2014 12:00am
Peshawar District administration fixes Kabab prices

Peshawar District administration fixes Kabab prices

District administration Peshawar has fixed separate rates of Rs 290 and Rs 310 per kilogram for general Kabab and special Kabab respectively and the use of fats has completely banned. According to details, after the directives of Deputy Commissioner (DC)
Published 07 Mar, 2014 12:00am
CNG outlets, other sectors: SNGPL fails to restore gas supply in Punjab

CNG outlets, other sectors: SNGPL fails to restore gas supply in Punjab

The Sui-Northern Gas Pipelines Limited (SNGPL) has remained unable to restore gas supply to CNG outlets as well as to Captive Power Plants (CPPs), fertilizer plants and industrial units in Punjab, which was suspended on December 10, 2013 owing to low gas
Published 07 Mar, 2014 12:00am
National Assembly body records Jamshed Dasti's statement

National Assembly body records Jamshed Dasti's statement

The special committee formed by Speaker National Assembly Sardar Ayaz Sadiq on Tuesday recorded the statement of Jamshed Dasti an independent Member National Assembly who levelled allegations that the official residences of the parliamentarians are being
Published 07 Mar, 2014 12:00am
Khyber Pakhtunkhwa governor condemns bomb attack on convoy of PA

Khyber Pakhtunkhwa governor condemns bomb attack on convoy of PA

Khyber Pakhtunkhwa Governor, Engineer Shaukatullah has strongly condemned the remote-controlled bomb attack on the convoy of the political agent (PA) of Kurram Agency at Tal in Hangu precinct on Thursday and expressed his deepest concerns and also sympath
Published 07 Mar, 2014 12:00am
PAC unhappy with NESPAK affairs

PAC unhappy with NESPAK affairs

National Assembly's Public Accounts Committee (PAC) on Thursday expressed its utter displeasure over the affairs of National Engineering Services Pakistan (NESPAK), which has deposited Rs 0.7 million in the government kitty out of Rs 1 billion, which it e
Published 07 Mar, 2014 12:00am
Sufficient stock fails to arrest rising trend in sugar price

Sufficient stock fails to arrest rising trend in sugar price

Despite sufficient sugar stock of 2.457 million tons in hand, the price of the commodity has recorded a seven per cent increase during the last two months. The minimum wholesale price of sugar was Rs 4,920 per 100 Kg in January which increased to Rs 5,260
Published 07 Mar, 2014 12:00am
Agriculture credit target raised to Rs 380 billion: Wathra

Agriculture credit target raised to Rs 380 billion: Wathra

Acting Governor State Bank of Pakistan, Ashraf Mehmood Wathra on Thursday said agriculture credit disbursement target has been increased from Rs 360 billion to Rs 380 billion for the current year, reflecting 13 percent increase over Rs 336 billion set for
Published 07 Mar, 2014 12:00am
FBR transfers and postings

FBR transfers and postings

The FBR has made transfers/postings of the following officers of BS-17 and 18 through a notification issued here on Thursday.
Published 07 Mar, 2014 12:00am
Railways takes steps to reform 'undisciplined' staff

Railways takes steps to reform 'undisciplined' staff

In a move to protect some employees of Pakistan Railways (PR), who are reportedly involved in misconduct, PR instead of taking disciplinary action against them initiated a special training course to develop sense of responsibility among them. It was learn
Published 07 Mar, 2014 12:00am
Switzerland signs accord to enhance trade with Pakistan

Switzerland signs accord to enhance trade with Pakistan

Switzerland Global Enterprise (S-GE) in Zurich and the Swiss Business Council Karachi (SBC) have signed a service performance agreement for co-operation in the field of trade enhancement and investment promotion between Switzerland and Pakistan.
Published 07 Mar, 2014 12:00am
Ogra case: Supreme Court issues notice to Dewan Petroleum

Ogra case: Supreme Court issues notice to Dewan Petroleum

Resuming the hearing of Oil and Gas Regulatory Authority (OGRA) implementation case on Thursday, the Supreme Court issued a notice to Dewan Petroleum for March 07 (today). Appearing before a three-member bench of Justice Jawwad S Khawaja, Prosecutor Gener
Published 07 Mar, 2014 12:00am
NAB decides to probe embassy officials

NAB decides to probe embassy officials

The Executive Board Meeting (EBM) of the National Accountability Bureau (NAB) held here on Thursday, it was presided over by Chairman NAB Qamar Zaman Chaudhry. The Board authorised an inquiry against the officials of Pakistan Embassy in Abu Dhabi for thei
Published 07 Mar, 2014 12:00am
ANF conducts clean-up operation at addiction sites

ANF conducts clean-up operation at addiction sites

Anti Narcotics Force (ANF) conducted a cleanup operation against drug addicts at city nullah (commonly known as Habib Nullah) and Suryab link road Quetta, city for the fourth time within eight months. ANF cleared addiction dens at Habib Nullah and Suryab
Published 07 Mar, 2014 12:00am
Newly-confirmed PHC judges take oath

Newly-confirmed PHC judges take oath

Chief Justice of Peshawar High Court (PHC), Justice Mian Fasih-ul-Mulk on Thursday administered oath of office to the newly confirmed judges of Peshawar High Court, in a simple but impressive ceremony, held at PHC premises. They were Justice Asad Ullah Ch
Published 07 Mar, 2014 12:00am
UET Peshawar researchers present solution to electricity theft

UET Peshawar researchers present solution to electricity theft

The University of Engineering and Technology's Centre For Intelligent And Secure Network Research (CISNR) launched Electricity Theft Solution with the name of "Electrocure" In this connection a launching ceremony was held the varsity, aimed at to provide
Published 07 Mar, 2014 12:00am
Apropos "Putin's Presidency-III: Obama sweating blood?"

Apropos "Putin's Presidency-III: Obama sweating blood?"

Apropos "Putin's Presidency-III: Obama sweating blood?" carried by Business Recorder yesterday, it was in fact the 4th part of a multi-part series on the post-Soviet states, particularly the Russian Federation: <a href="http://www.brecorder.com/pag
Published 07 Mar, 2014 12:00am
Dr Iqbal Saeed awarded PhD degree

Dr Iqbal Saeed awarded PhD degree

Dr Iqbal Saeed Khan, a BPS-20 officer of Sindh government, has been awarded Ph.D degree in Environmental Science. Dr Iqbal, who has done his MBBS from Liaqat Medical College, Jamshoro and MSc in Environmental Studies, did his Ph.D in Environmental Science
Published 07 Mar, 2014 12:00am
3P-Plas Print Pack Pakistan to be held from March 18 to 20th

3P-Plas Print Pack Pakistan to be held from March 18 to 20th

3P-Plas Print Pack Pakistan 2014 is scheduled from March 18 to 20, 2014 by FAKT Exhibitions (PVT) Ltd at the Expo Centre Karachi, along with the concurrent event Food + Technology Pakistan. The Plastic, Printing and Packaging sector of Karachi is very ent
Published 07 Mar, 2014 12:00am
Diesel stealing badly hits KMC's anti-dengue fumigation drive

Diesel stealing badly hits KMC's anti-dengue fumigation drive

The reported stealing of diesel worth millions of rupees under the guise of fumigation drive has badly affected the Karachi Metropolitan Corporation's (KMC) anti-dengue drive in the city, sources told Business Recorder. The sources alleged that cor
Published 07 Mar, 2014 12:00am
Pak Suzuki announces Rs 1.9 billion profits for year 2013

Pak Suzuki announces Rs 1.9 billion profits for year 2013

Pakistan Suzuki Motors Company (PSMC) on Thursday announced full year 2013 profits of Rs 1.9 billion (EPS Rs 22.47) which is up 89 percent against Rs 0.98 billion (EPS Rs 11.88) last year. The announcement was also accompanied with Rs 4 per share final ca
Published 07 Mar, 2014 12:00am
Pak Suzuki announces Rs 1.9 billion profits for year 2013

Pak Suzuki announces Rs 1.9 billion profits for year 2013

Pakistan Suzuki Motors Company (PSMC) on Thursday announced full year 2013 profits of Rs 1.9 billion (EPS Rs 22.47) which is up 89 percent against Rs 0.98 billion (EPS Rs 11.88) last year. The announcement was also accompanied with Rs 4 per share final ca
Published 07 Mar, 2014 12:00am
Textile machinery imports surge by $79.9 million

Textile machinery imports surge by $79.9 million

The country has imported $303.313 million worth of textile machinery during July-January 2013-14, official figures say. Textile machinery import is higher by $79.908 million (36 percent) during the July-January 2013-14 as compared to $223.405 million in t
Published 07 Mar, 2014 12:00am
SECP to host second SAARC insurance conference next month

SECP to host second SAARC insurance conference next month

The Securities and Exchange Commission of Pakistan will host the 2nd SAARC insurance regulators' meet and international conference at Movenpick hotel here on April 14-16. The theme of this mega event is "Local to Global" which is expected to attract nearl
Published 07 Mar, 2014 12:00am
Women's rights must be protected during talks with militant groups

Women's rights must be protected during talks with militant groups

The civil society of Pakistan should remain vigilant to ensure that women rights are not compromised during the ongoing talks with militant groups, participants of a roundtable conference on "Women's Empowerment - Myths and Realities" said on Thursday.
Published 07 Mar, 2014 12:00am
Summit Bank to launch first Islamic branch today

Summit Bank to launch first Islamic branch today

Summit Bank Limited will launch the first Islamic banking branch here Friday. The bank aims to provide Shariah-compliant financial services to its customers. Summit Bank has decided to transform its conventional core banking operations into Shariah-based
Published 07 Mar, 2014 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

Gold rose on Thursday, gaining support from the European Central Bank's decision not take fresh action to inject liquidity into the eurozone's financial system, which boosted the euro versus the dollar. The ECB kept interest rates on hold, while failing t
Published 07 Mar, 2014 12:00am
US MIDDAY: corn at six-month high

US MIDDAY: corn at six-month high

Chicago Board of Trade corn prices rose to a six-month high on Thursday as stronger-than-expected weekly US export sales data underscored renewed demand for the grain, traders said. Soyabeans rose more than 1 percent on continued export demand for tighten
Published 07 Mar, 2014 12:00am
Gold dips in Europe

Gold dips in Europe

Gold inched lower on Thursday as diplomatic efforts to cool the Ukraine crisis depressed demand for assets seen as safe, but the metal found support above $1,330 an ounce from weak US economic data and ahead of a key employment report. The US nonfarm payr
Published 07 Mar, 2014 12:00am
Gold rises in New York

Gold rises in New York

Gold edged higher on Wednesday after weak US private-sector job data and lacklustre services-sector activities, but gains were slight as Washington and Moscow set up talks to reduce tensions over Ukraine, reducing gold's safe-haven bid. Platinum rose to i
Published 07 Mar, 2014 12:00am
Gold down in Asia

Gold down in Asia

Gold was trading in a tight range on Thursday, supported near $1,335 an ounce by weak US data, with investors awaiting further cues from developments in Ukraine and a key jobs report. "In the next few days, the situation in Ukraine will continue to be unc
Published 07 Mar, 2014 12:00am
Coffee swings below two-year high

Coffee swings below two-year high

Arabica coffee futures on ICE remained volatile on Thursday, dropping from the previous session's steep two-year high on profit-taking as parts of top grower Brazil received much-needed rain, though forecasts for dry weather limited losses. Raw sugar on I
Published 07 Mar, 2014 12:00am
Corn falls

Corn falls

US corn futures closed lower on Wednesday after a choppy session as the market's rally to the highest levels in nearly six months triggered profit-taking and farmer selling, traders said. Wheat slipped from a near three-month high, but worries about polit
Published 07 Mar, 2014 12:00am
Malaysian palm oil hits 17-month high

Malaysian palm oil hits 17-month high

Malaysian palm oil futures rallied to end at a 17-month high on Thursday, following a recovery in China and US soy markets, while unfavourable crop weather in Southeast Asia continued to underpin prices. The US soyaoil contract for May rose 0.4 percent in
Published 07 Mar, 2014 12:00am
Rubber slips

Rubber slips

Tokyo rubber futures ended lower on Thursday as weak economic data and easing oil weighed, dealers said. The Tokyo Commodity Exchange rubber contract for August delivery was down 0.2 yen to settle at 233.3 yen ($2.28) per kg. "The market lacked follow-thr
Published 07 Mar, 2014 12:00am
Copper steadies

Copper steadies

Copper was steady and some other base metals slipped on Thursday on investor concern over future demand in top metals consumer China after more details emerged about reform plans. Nickel, however, bucked the trend and extended gains after hitting nine-mon
Published 07 Mar, 2014 12:00am
Shanghai copper down

Shanghai copper down

The most-traded May copper contract on the Shanghai Futures Exchange inched lower 0.3 percent to close at 49,140 yuan ($8,000) a tonne on Thursday as China said it would cut investment to its lowest in 10 years, snapping a rally that drove nickel and zinc
Published 07 Mar, 2014 12:00am
ICE cotton futures retreat as commodities buying spree slows

ICE cotton futures retreat as commodities buying spree slows

Cotton futures eased from a one-week high on Wednesday and gave back some of the week's earlier gains as the momentum of a speculator-driven rally slowed. The benchmark May cotton contract on ICE Futures US closed down 0.61 cent, or 0.7 percent, at 88.61
Published 07 Mar, 2014 12:00am
Fugitive Qadhafi son handed back to Libya

Fugitive Qadhafi son handed back to Libya

A son of late dictator Muammar Qadhafi was extradited Thursday from Niger to Libya, where he is accused of murder and repression during the 2011 uprising that ended his father's four-decade rule. "Saadi Qadhafi was handed over to the Libyan government on
Published 07 Mar, 2014 12:00am
Iran and Japan hold 'fruitful' talks on frozen assets: Zarif

Iran and Japan hold 'fruitful' talks on frozen assets: Zarif

Iranian Foreign Minister Mohammad Javad Zarif said Thursday he had held "constructive and fruitful" talks in Japan on repatriating some of Tehran's assets frozen uunder international sanctions Iran and world powers reached a deal in November under which T
Published 07 Mar, 2014 12:00am
Egypt court suspends Morsi murder trial

Egypt court suspends Morsi murder trial

An Egyptian court suspended Thursday the murder trial of Mohamed Morsi after his lawyers requested new judges, sources said, the third such case against the deposed president to be put on hold. The case is part of a relentless crackdown the government has
Published 07 Mar, 2014 12:00am
Last surviving signatory of Treaty of Rome dies

Last surviving signatory of Treaty of Rome dies

Former French minister Maurice Faure, the last surviving signatory of the Treaty of Rome which paved the way for European integration, died Thursday aged 92. A former Resistance fighter during World War II, Faure was deputy foreign minister when the pathb
Published 07 Mar, 2014 12:00am
Nato air strike kills five Afghan soldiers

Nato air strike kills five Afghan soldiers

A Nato air strike in eastern Afghanistan accidentally killed five Afghan soldiers on Thursday, officials said, the latest incident likely to worsen already fraught relations between Kabul and the US-led coalition. Nato offered its condolences over the dea
Published 07 Mar, 2014 12:00am
Bombings, shootings kill 22 in Iraq

Bombings, shootings kill 22 in Iraq

A dozen bombings in central Iraq and two shootings in the north killed 22 people Thursday, officials and doctors said, as the country suffers its worst violence in years. Iraq has been hit by a year-long surge in bloodshed that has reached levels not seen
Published 07 Mar, 2014 12:00am
Astronomers spots rare asteroid break-up

Astronomers spots rare asteroid break-up

Astronomers said Thursday they have witnessed the distant break-up of an asteroid, a rare event that was not caused by a violent space collision or a close encounter with the Sun. Instead, the asteroid, located some 300 million miles (483 million kilomete
Published 07 Mar, 2014 12:00am
US freedom of navigation operations in 2013 targeted China, Iran

US freedom of navigation operations in 2013 targeted China, Iran

The US military carried out freedom of navigation operations challenging the maritime claims of China, Iran and 10 other countries last year, asserting its transit rights in defiance of efforts to restrict passage, a Pentagon report said on Thursday. The
Published 07 Mar, 2014 12:00am
Obama blames Congress for deportations

Obama blames Congress for deportations

US President Barack Obama on Thursday said he was powerless to stop mass expulsions of illegal immigrants, which prompted one Latino advocacy group to brand him "deporter in chief." The president said Congress was requiring him to enforce existing immigra
Published 07 Mar, 2014 12:00am
Turkey ruling paves way for former army chief's release

Turkey ruling paves way for former army chief's release

Turkey's constitutional court ruled Thursday that the legal rights of a former army chief jailed over an alleged coup plot had been violated, a decision that paves the way for his release. The country's top court argued that a local tribunal had not "effe
Published 07 Mar, 2014 12:00am
Rwandan senate report slams genocide tribunal

Rwandan senate report slams genocide tribunal

Rwanda's senate on Thursday released a report fiercely critical of the record of the UN-backed International Criminal Tribunal for Rwanda, saying the body had been "inefficient and incompetent". The report from the Rwandan senate comes just a month before
Published 07 Mar, 2014 12:00am
US destroyer en route to Black Sea for 'routine' drills

US destroyer en route to Black Sea for 'routine' drills

A US guided-missile destroyer is en route to the Black Sea but naval officials said Thursday it was a "routine" deployment that was planned before the crisis unfolded in Ukraine. The USS Truxtun departed the Greek port of Souda Bay Thursday to carry out j
Published 07 Mar, 2014 12:00am
Car bomb blast kills 15 in Syria's Homs

Car bomb blast kills 15 in Syria's Homs

At least 15 people were killed and 12 others wounded in a car bomb blast in the central Syrian city of Homs on Thursday, an NGO said. "At least 15 people were killed and 12 others injured in the Armenian district, which is home to mostly Christians and Al
Published 07 Mar, 2014 12:00am
Punjab Youth Festival events conclude

Punjab Youth Festival events conclude

The Inter-Division general public and education sector badminton, kabaddi, cricket, boxing and karate competitions of Punjab Youth Festival (PYF) concluded here on Thursday. Lahore Division Women won the Inter-Division cricket title at the Kinnaird Colleg
Published 07 Mar, 2014 12:00am
Root century helps England take series

Root century helps England take series

A stroke-filled maiden century by Denesh Ramdin just wasn't enough as England held on to defeat the West Indies by 25 runs in the deciding third and final one-day international on Wednesday.
Published 07 Mar, 2014 12:00am
Sri Lanka beat Bangladesh, gear up for Asia Cup final

Sri Lanka beat Bangladesh, gear up for Asia Cup final

Sri Lanka fought hard to beat hosts Bangladesh by three wickets in the last league match of the Asia Cup in Dhaka on Thursday, gearing up for the final with an all-win record. Sri Lanka, who will meet defending champions Pakistan in the final on Saturday,
Published 07 Mar, 2014 12:00am
Li makes another great escape

Li makes another great escape

Olympic champion Li Xuerui made a great escape for the second successive day to survive into the quarter-finals of the All England Open championships on Thursday.
Published 07 Mar, 2014 12:00am
Australian Open 'courtsiding' charge dropped

Australian Open 'courtsiding' charge dropped

A British man accused of "courtsiding" by sending live point-by-point information to an English betting agency during the Australian Open tennis tournament Thursday had the charge against him dropped, reports said. Daniel Dobson, 22, had been accused of u
Published 07 Mar, 2014 12:00am
Smith wants role in South Africa future

Smith wants role in South Africa future

Graeme Smith said on Wednesday he was keen to continue to play a role in South African cricket following his retirement from the international game as a player. "I'd love to play a role with Cricket South Africa and who knows where that's going to be," he
Published 07 Mar, 2014 12:00am
Pietersen England's 'scapegoat': Richards

Pietersen England's 'scapegoat': Richards

Kevin Pietersen has been made a "scapegoat" for England's Ashes humiliation in Australia, according to West Indies great Vivian Richards. England controversially axed their all-time leading run-scorer across all formats following a 5-0 series loss Down Un
Published 07 Mar, 2014 12:00am
Brazil, Spain win as World Cup rivals struggle

Brazil, Spain win as World Cup rivals struggle

Neymar scored a hat-trick as Brazil routed South Africa 5-0 while Spain edged fellow heavyweights Italy 1-0, but a host of World Cup rivals faltered on Wednesday. Ninety-nine days out from the World Cup, there were unimpressive 1-0 friendly wins for Engla
Published 07 Mar, 2014 12:00am
Yuan rises

Yuan rises

China's yuan strengthened for a third straight session on Thursday as corporate dollar sales dominated amid signs that the central bank was staying on the sidelines, allowing the Chinese currency to recover from its recent weakness. Dollar purchases by st
Published 07 Mar, 2014 12:00am
Emerging Asian currencies rise

Emerging Asian currencies rise

Emerging Asian currencies rose as the Chinese yuan extended gains and diplomatic efforts helped contain tensions in Ukraine, with the Indonesian rupiah near a four-month high, while investors speculated whether the European Central Bank would ease policy.
Published 07 Mar, 2014 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose on Thursday to its highest level against the dollar this year as strong buying from foreign investors sent shares to a record high and data showed the country's current account deficit continued to narrow sharply. India's benchmark B
Published 07 Mar, 2014 12:00am
Australian dollar jumps

Australian dollar jumps

The Australian dollar leapt half a cent on Thursday after upbeat retail sales and trade data supported a steady interest rate outlook. The Aussie jumped to $0.9030, from $0.8983 in early trade, after stops above $0.9000 were tripped and squeezed short pos
Published 07 Mar, 2014 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.73-77.75 (77.73-77.75). Call Money Rates: 06.25-08.00 percent (previous 05.50-08.00 percent). ( revised).
Published 07 Mar, 2014 12:00am
Dollar rises in New York

Dollar rises in New York

The dollar edged higher against the euro and yen on Wednesday, shrugging off softer-than-expected US private-sector payrolls and services sector reports affected by severe winter conditions. Recent weakness in US economic data is not expected to deter the
Published 07 Mar, 2014 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 Thursday (March 06, 2014).

Published 07 Mar, 2014 12:00am
Cotton prices steady amid slack trading

Cotton prices steady amid slack trading

Cotton prices were somewhat steady on Thursday but the trade lacked normal activity. Business was slow because it was reported that yarn sales were slack and liquidity was short in the market. Global prices of yarn were also reported to be weak.
Published 07 Mar, 2014 12:00am
Cotton prices steady amid slack trading

Cotton prices steady amid slack trading

Cotton prices were somewhat steady on Thursday but the trade lacked normal activity. Business was slow because it was reported that yarn sales were slack and liquidity was short in the market. Global prices of yarn were also reported to be weak.
Published 07 Mar, 2014 12:00am
Rates move up on depleting supply of seed cotton

Rates move up on depleting supply of seed cotton

Prices of phutti (seed cotton) moved higher on the cotton market on Thursday in the process of modest activity, dealers said. The official spot rate was up by Rs 50 to Rs 6850, they added. Prices of seed cotton in Sindh per 40 kg were higher by Rs 100 to
Published 07 Mar, 2014 12:00am
RECORDER REPORT

RECORDER REPORT

Firmness prevailed on the forward cottonseeds oilcake market on Thursday as both deliveries sustained overnight levels in the process of trading, dealers said. The March contract closed at Rs 1256.50 and it opened at the same level in the morning session,
Published 07 Mar, 2014 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 77,771 tonnes of cargo comprising 33,482 tonnes of import cargo and 44,289 tonnes of export cargo including 3,264 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 33,
Published 07 Mar, 2014 12:00am
US Midwest corn bids steady

US Midwest corn bids steady

Spot basis bids for corn were steady to weaker at processors and elevators, while soybean bids held mostly steady, around the US Midwest on Wednesday as farmers sold light amounts of grain and soy, dealers said. Farmers booked light sales and some even bo
Published 07 Mar, 2014 12:00am
US soyabean offers hold steady

US soyabean offers hold steady

US Gulf basis offers for soyabeans held steady on Wednesday, but traders said the market was expected to weaken in the next few weeks as importers shift their focus to South America. The much-anticipated demand shift began to show up on Wednesday as China
Published 07 Mar, 2014 12:00am
EU wheat prices rise to three-month high

EU wheat prices rise to three-month high

Wheat prices in western Europe rose to a 3-month high on Wednesday boosted by heavy export demand and tensions in exporter Ukraine. May milling wheat, the most traded contract on the Paris-based Euronext market, was up 1.75 euros or 0.9 percent at 205.75
Published 07 Mar, 2014 12:00am
Grams rate sharply down on grain market

Grams rate sharply down on grain market

Grams prices were sharply down on the wholesale grain market on Thursday in the process of trading, dealers said. On the cereals side, Moong Punjab fell by Rs 550 to Rs 11500 and Moong Peshawar also came down sharply by Rs 1000 to Rs 11500, Gur, however,
Published 07 Mar, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

Pakistan Mercantile Exchange (PMEX) witnessed 46 per cent increase in value traded on Thursday. Total value of trade went up to PKR 3,056 million from PKR 2,091 million on Wednesday. Number of lots traded increased to 14,207 from 10,230. However, PMEX Com
Published 07 Mar, 2014 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday as investment funds scrambled to cover short positions with the market holding support above key technical points, traders said. The benchmark May contract has risen for seven straight sessions, gaining 7 perc
Published 07 Mar, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 07 Mar, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 07 Mar, 2014 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 07 Mar, 2014 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 07 Mar, 2014 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 Thursday (March 06, 2014).

Published 07 Mar, 2014 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 Thursday (March 06, 2014).

Published 07 Mar, 2014 12:00am
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