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Print - 2014-03-08
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
Weekly SPI inflation soars by 10.29 percent

Weekly SPI inflation soars by 10.29 percent

The weekly Sensitive Price Indicator (SPI) inflation surged by 10.29 percent during the week ended on March 6, 2014, reflecting an increase in prices of essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
Published 08 Mar, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
Weekly SPI inflation soars by 10.29 percent

Weekly SPI inflation soars by 10.29 percent

The weekly Sensitive Price Indicator (SPI) inflation surged by 10.29 percent during the week ended on March 6, 2014, reflecting an increase in prices of essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
Published 08 Mar, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
Weekly SPI inflation soars by 10.29 percent

Weekly SPI inflation soars by 10.29 percent

The weekly Sensitive Price Indicator (SPI) inflation surged by 10.29 percent during the week ended on March 6, 2014, reflecting an increase in prices of essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
Published 08 Mar, 2014 12:00am
Fatima Bhutto nominated for fiction prize

Fatima Bhutto nominated for fiction prize

Fatima Bhutto, the niece of assassinated Pakistani former prime minister Benazir Bhutto, has been nominated for the Women's Prize for Fiction, the judges announced Friday. Bhutto is among 20 women on the long list for the award, which was formerly known a
Published 08 Mar, 2014 12:00am
Fatima Bhutto nominated for fiction prize

Fatima Bhutto nominated for fiction prize

Fatima Bhutto, the niece of assassinated Pakistani former prime minister Benazir Bhutto, has been nominated for the Women's Prize for Fiction, the judges announced Friday. Bhutto is among 20 women on the long list for the award, which was formerly known a
Published 08 Mar, 2014 12:00am
THE RUPEE: dollar under pressure

THE RUPEE: dollar under pressure

The dollar remained under pressure versus the rupee due to heavy selling by investors, dealers said on Friday. Within last couple of sessions, the rupee recovered Rs 2 approximately in relation to the dollar and it may gain further as market receives near
Published 08 Mar, 2014 12:00am
ICC convicts DR Congo militia boss

ICC convicts DR Congo militia boss

The International Criminal Court on Friday convicted Congolese ex-militia boss Germain Katanga of war crimes for arming an ethnic militia that carried out a 2003 village massacre with guns and machetes.
Published 08 Mar, 2014 12:00am
THE RUPEE: dollar under pressure

THE RUPEE: dollar under pressure

The dollar remained under pressure versus the rupee due to heavy selling by investors, dealers said on Friday. Within last couple of sessions, the rupee recovered Rs 2 approximately in relation to the dollar and it may gain further as market receives near
Published 08 Mar, 2014 12:00am
ICC convicts DR Congo militia boss

ICC convicts DR Congo militia boss

The International Criminal Court on Friday convicted Congolese ex-militia boss Germain Katanga of war crimes for arming an ethnic militia that carried out a 2003 village massacre with guns and machetes.
Published 08 Mar, 2014 12:00am
January gas output falls to 3,742 mmcfd: MoF informs ECC

January gas output falls to 3,742 mmcfd: MoF informs ECC

The finance ministry has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that gas output fell by 4.1 percent in January 2014 over the same month last fiscal year, it is learnt. Sources said the statistics presented to the ECC
Published 08 Mar, 2014 12:00am
Sugar procurement: TCP paid Rs five billion to 54 mills last month

Sugar procurement: TCP paid Rs five billion to 54 mills last month

The Trading Corporation of Pakistan (TCP) disbursed some Rs 5 billion in February 2014 among 54 mills against the procured sugar to ease their financial woes. Sources told Business Recorder on Friday that after taking physical charge of the procure
Published 08 Mar, 2014 12:00am
Sugar procurement: TCP paid Rs five billion to 54 mills last month

Sugar procurement: TCP paid Rs five billion to 54 mills last month

The Trading Corporation of Pakistan (TCP) disbursed some Rs 5 billion in February 2014 among 54 mills against the procured sugar to ease their financial woes. Sources told Business Recorder on Friday that after taking physical charge of the procure
Published 08 Mar, 2014 12:00am
Sugar procurement: TCP paid Rs five billion to 54 mills last month

Sugar procurement: TCP paid Rs five billion to 54 mills last month

The Trading Corporation of Pakistan (TCP) disbursed some Rs 5 billion in February 2014 among 54 mills against the procured sugar to ease their financial woes. Sources told Business Recorder on Friday that after taking physical charge of the procure
Published 08 Mar, 2014 12:00am
Karzai welcomes third child at age of 56

Karzai welcomes third child at age of 56

Afghan President Hamid Karzai has become a father again at the age of 56 after his wife gave birth to their third child in India, according to an embassy statement sent to AFP on Friday. A baby girl was delivered at a private hospital in the New Delhi sat
Published 08 Mar, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
Karzai welcomes third child at age of 56

Karzai welcomes third child at age of 56

Afghan President Hamid Karzai has become a father again at the age of 56 after his wife gave birth to their third child in India, according to an embassy statement sent to AFP on Friday. A baby girl was delivered at a private hospital in the New Delhi sat
Published 08 Mar, 2014 12:00am
Malaysian leader Anwar's acquittal overturned

Malaysian leader Anwar's acquittal overturned

Malaysian opposition leader Anwar Ibrahim had his acquittal for sodomy overturned Friday, in a fresh threat to the remarkable career of a charismatic politician who helped turn around the country's once-hapless opposition. A Court of Appeals panel upheld
Published 08 Mar, 2014 12:00am
Malaysian leader Anwar's acquittal overturned

Malaysian leader Anwar's acquittal overturned

Malaysian opposition leader Anwar Ibrahim had his acquittal for sodomy overturned Friday, in a fresh threat to the remarkable career of a charismatic politician who helped turn around the country's once-hapless opposition. A Court of Appeals panel upheld
Published 08 Mar, 2014 12:00am
Beijing eyes property disclosure for officials

Beijing eyes property disclosure for officials

Beijing is taking a step towards requiring local government personnel to disclose their property holdings, a top city official told media Friday, a move critics say would tackle endemic graft. China has launched a much-publicised anti-corruption drive sin
Published 08 Mar, 2014 12:00am
Patience wearing thin with French reform results

Patience wearing thin with French reform results

France is facing pressure to deliver on long-promised, deep budget savings in the next couple of weeks to keep the increasingly strained faith of its EU partners, bond markets and ratings agencies. Unimpressed with French efforts so far, the European Comm
Published 08 Mar, 2014 12:00am
Patience wearing thin with French reform results

Patience wearing thin with French reform results

France is facing pressure to deliver on long-promised, deep budget savings in the next couple of weeks to keep the increasingly strained faith of its EU partners, bond markets and ratings agencies. Unimpressed with French efforts so far, the European Comm
Published 08 Mar, 2014 12:00am
Spain to ease debt refinancing rules to bolster weak firms

Spain to ease debt refinancing rules to bolster weak firms

Spain's government is to overhaul loan refinancing rules for struggling companies, a source told Reuters on Thursday, a move it hopes will help more firms stay afloat while the economy edges out of its lengthy slump. The new rules, to be approved on Frida
Published 08 Mar, 2014 12:00am
EU lawmakers to study bonus rule as banks take evasive action

EU lawmakers to study bonus rule as banks take evasive action

European Union lawmakers will consider toughening up the bloc's cap on bankers' bonuses after lenders have begun softening its impact by awarding extra "allowances" to top up fixed pay. The cap is one of the most high-profile rules from the 28-country blo
Published 08 Mar, 2014 12:00am
Airline shake-ups dent Airbus order surge in February

Airline shake-ups dent Airbus order surge in February

Airline shake-ups in Indonesia and Serbia dented a surge in orders for Airbus aircraft in February, but the European planemaker edged ahead in its annual order race with Boeing, company data showed on Friday. After a busy Singapore Airshow, the Airbus Gro
Published 08 Mar, 2014 12:00am
Construction pushes German industry output up

Construction pushes German industry output up

German industry output rose for a third consecutive month in January, driven by a surge in construction, data showed on Friday, suggesting the industrial sector in Europe's largest economy started 2014 in good shape. Industry production climbed by 0.8 per
Published 08 Mar, 2014 12:00am
Italian court acquits four international banks of fraud

Italian court acquits four international banks of fraud

An Italian appeals court on Friday acquitted international banks J.P. Morgan, UBS, Deutsche Bank and Depfa Bank of fraud in the sale of derivative instruments. The Milan court judge's decision overturned a 2012 ruling which ordered the seizure of 89 milli
Published 08 Mar, 2014 12:00am
US job creation picks up

US job creation picks up

The US generated 175,000 jobs in February, data showed Friday, a modest rebound from two disappointing, weather-beaten months that analysts said suggests economic growth remains on track. The figure, which came after a series of poor indicators that had l
Published 08 Mar, 2014 12:00am
Trade gap widens slightly

Trade gap widens slightly

The US international trade deficit ticked slightly higher in January but stayed on a narrowing trend as the global economy continues to slowly recover, official data released Friday showed. The nation's trade shortfall in goods and services rose to $39.1
Published 08 Mar, 2014 12:00am
Kazakhstan sues foreign oil majors over flailing Kashagan

Kazakhstan sues foreign oil majors over flailing Kashagan

Kazakhstan is suing foreign oil majors developing its huge Kashagan oilfield in the Caspian Sea, a tactic similar to those that secured the government large stakes in two of the three multinational energy projects on its territory. Repeated delays at the
Published 08 Mar, 2014 12:00am
IMF 'impressed' with Ukraine commitment to reform

IMF 'impressed' with Ukraine commitment to reform

The International Monetary Fund said Friday it viewed the new government in Ukraine as committed to undertaking needed reforms in exchange for aid. IMF European Department Director Reza Moghadam said he had held "productive" talks with Prime Minister Arse
Published 08 Mar, 2014 12:00am
China's first corporate default sparks legal action

China's first corporate default sparks legal action

China's first-ever default on a domestic corporate bond Friday has sparked legal action by investors owed interest payments from a solar company, their lawyer said. Shanghai-based Chaori Solar Energy Science & Technology Co said Tuesday it was unable to m
Published 08 Mar, 2014 12:00am
China's first corporate default sparks legal action

China's first corporate default sparks legal action

China's first-ever default on a domestic corporate bond Friday has sparked legal action by investors owed interest payments from a solar company, their lawyer said. Shanghai-based Chaori Solar Energy Science & Technology Co said Tuesday it was unable to m
Published 08 Mar, 2014 12:00am
Gold-plated car shines at Geneva Motor Show

Gold-plated car shines at Geneva Motor Show

For lovers of luxury and bling-bling, German tuning specialist Carlsson is offering an eyeful at the Geneva Motor Show this week, displaying the world's first gold-covered car. Several thousand sheets of gold leaf were needed to cover the Versailles-inspi
Published 08 Mar, 2014 12:00am
RSA names new head of Irish unit after accounting scandal

RSA names new head of Irish unit after accounting scandal

British insurer RSA has appointed an experienced industry executive to head its Irish unit, it said on Friday, as it seeks to draw a line under an accounting scandal. Ken Norgrove will replace Philip Smith, who resigned as chief executive of the Irish bus
Published 08 Mar, 2014 12:00am
Colombian coffee exporters fight 'price war' after contract defaults

Colombian coffee exporters fight 'price war' after contract defaults

Some of Colombia's coffee traders have ripped up contracts to supply exporters, setting off a price war for high-quality beans in the first sign a 75 percent surge in prices so far this year is starting to disrupt the market, exporters say. Trading houses
Published 08 Mar, 2014 12:00am
Rates inert on grain market

Rates inert on grain market

According to the Wholesale Grain Merchant Group, no major changes were seen in prices of commodity and cottonseeds oilcake items on Friday.
Published 08 Mar, 2014 12:00am
Cotton market: prices firm on modest trade

Cotton market: prices firm on modest trade

Steadier trend was seen on the cotton market on Friday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 6,850, they added. Prices of seed cotton in Sindh per 40 kg were inert at Rs 2500-3200, in Punjab, rates also
Published 08 Mar, 2014 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 99,467 tonnes of cargo comprising 46,159 tonnes of import cargo and 53,308 tonnes of export cargo including 4,758 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 46,15
Published 08 Mar, 2014 12:00am
US natural gas futures up three percent on big storage draw

US natural gas futures up three percent on big storage draw

US natural gas futures ended 3 percent higher on Thursday on a bigger than expected weekly storage draw, despite forecasts for milder temperatures and weaker heating demand over the next couple of weeks. Front-month natural gas futures on the New York Mer
Published 08 Mar, 2014 12:00am
Corn premiums firm at US Gulf Coast

Corn premiums firm at US Gulf Coast

Corn premiums at the US Gulf Coast firmed 5 cents, offered at 105 cents/bushel over Chicago Board of Trade futures for April/May shipment late Thursday as US corn was the top choice for world buyers amid unrest in the Ukraine and a slowed South American h
Published 08 Mar, 2014 12:00am
Vietnam's winter-spring rice output to rise

Vietnam's winter-spring rice output to rise

Vietnam, the second-largest rice exporter after India, is expecting its winter-spring crop harvest to rise about 3 percent from last year to nearly 11 million tonnes, the government and state media reports said on Thursday. The larger harvest, coupled wit
Published 08 Mar, 2014 12:00am
US Midwest corn bids weaker

US Midwest corn bids weaker

Spot basis bids for corn were a touch weaker at river terminals around the US Midwest, but held mostly steady at processors and elevators on Thursday as farmers sold light amounts of grain and soya, dealers said. Dealers noted farmer sales as US corn futu
Published 08 Mar, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

Pakistan Mercantile Exchange (PMEX) witnessed 43 per cent increase in value traded on Friday. Total value of trade went up to PKR 4,364 million from PKR 3,056 million on Thursday. Number of lots traded increased to 20,298 from 14,207. PMEX Commodity Index
Published 08 Mar, 2014 12:00am
Women of today's Pakistan

Women of today's Pakistan

International Women's Day marked on 8th March each year. The purpose of the day is to show love, appreciation and respect towards women. This year theme of the Women's Day is "Inspiring Change". Women of Pakistan are honoured all over the world for their
Published 08 Mar, 2014 12:00am
KARACHI CHRONICLE: The sea is too far away from the coast

KARACHI CHRONICLE: The sea is too far away from the coast

Metaphorically speaking, the sea is too far from the coast of Karachi. We live by the sea but don't know, nor bother to know what is happening to the sea, to the creatures in it, to the plight of fisher folks. Our interest is limited to the delicious sea
Published 08 Mar, 2014 12:00am
ART FACTS: Vivacious and vibrant landscapes

ART FACTS: Vivacious and vibrant landscapes

Using visual vocabulary of bright colours Hamid S. Alavi portrays the rural and urban landscapes beautifully. He is mainly fascinated by the night and evening time. He portrays the captivating ambience when the night is falling and the day is departing. T
Published 08 Mar, 2014 12:00am
Passive smoking causes irreversible damage to kids' arteries

Passive smoking causes irreversible damage to kids' arteries

Exposure to second-hand smoke in childhood causes irreversible damage to children's arteries - increasing their risk of heart attacks or strokes when they grow up, according to a large international study published on Wednesday.
Published 08 Mar, 2014 12:00am
Smoking tied to changes in the structure of teen brains

Smoking tied to changes in the structure of teen brains

Young smokers who have smoked more cigarettes have clear differences in their brains compared to lighter smokers, according to a new study. "Earlier studies of older participants showed that the smokers had structural differences in various brain regions,
Published 08 Mar, 2014 12:00am
Anger outbursts linked to swift heart attacks

Anger outbursts linked to swift heart attacks

People who have outbursts of anger are at greater risk of having a heart attack or stroke in the two hours immediately after the episode, European researchers said Tuesday. The study - a big review of published papers - is the first to give powerful stati
Published 08 Mar, 2014 12:00am
Giving space to Art

Giving space to Art

The Karachi Literature Festival (KLF) is being held annually for the past five years since 2010. The festival is now become a regular gathering of writers, intellectuals, readers and general public who come in the festival for their craving of book readin
Published 08 Mar, 2014 12:00am
Game play remains at heart of changing lifestyles

Game play remains at heart of changing lifestyles

For almost as long as there have been computers, there have been people intent in playing games with them. Since young programmers at the Massachusetts Institute of Technology came up with "Spacewar!" some 50 years ago, the world of videogames has explode
Published 08 Mar, 2014 12:00am
Apps thrill toddlers

Apps thrill toddlers

Two-year-old Mia traces out a letter on the screen with her forefinger, then claps with joy when the computer chants "wonderful!" and emits a slightly metallic sound of applause. The pre-school group at Tanto International School in central Stockholm is j
Published 08 Mar, 2014 12:00am
New controllers allow tablets, smartphones to become gaming consoles

New controllers allow tablets, smartphones to become gaming consoles

Mobiles and tablets have evolved from simple tools to something truly useful - a great way to kill time. Thanks to the variety of games available for the platforms, thousands of people while away hours on buses and in waiting rooms every day playing some
Published 08 Mar, 2014 12:00am
'Slave,' 'Gravity' share Academy Awards glory

'Slave,' 'Gravity' share Academy Awards glory

Harrowing historical drama "12 Years a Slave" won the coveted best picture Oscar on Sunday, while 3D space thriller "Gravity" was the top prize winner at a politically tinged Academy Awards with seven. True-life AIDS activist drama "Dallas Buyers Club" wo
Published 08 Mar, 2014 12:00am
BRIDGE NOTES: A magician holding the crystal ball

BRIDGE NOTES: A magician holding the crystal ball

Experts at Bridge look like magicians with a crystal ball who invariably guess right when cornered to make a decision. Suppose you are playing a 4NT contract with the following NS hands:
Published 08 Mar, 2014 12:00am
In a driverless future, drivers will do anything else

In a driverless future, drivers will do anything else

Brew an espresso, watch a movie on a large screen, surf the Internet or simply sit and chat with friends? As automakers and technology firms steer towards a future of driverless cars, a Swiss think tank is at the Geneva Motor Show this week showing off it
Published 08 Mar, 2014 12:00am
Siri gets a seat in iPhone-friendly cars

Siri gets a seat in iPhone-friendly cars

Autos will roll out this year with CarPlay technology making iPhones helpful road-trip companions, complete with Siri tending to messages. "CarPlay gives iPhone users an incredibly intuitive way to make calls, use Maps, listen to music and access messages
Published 08 Mar, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 08 Mar, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 08 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 08 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 08 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 Friday (March 07, 2014).

Published 08 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 Friday (March 07, 2014).

Published 08 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 Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
New CEC: passage of bill paves the way for Bhagwandas

New CEC: passage of bill paves the way for Bhagwandas

The Government and Opposition have paved the way for the appointment of former Justice Rana Bhagwandas as the Chief Election Commissioner by passing "Federal Public Service Commission (Amendment) Bill, 2014" in the National Assembly on Friday.
Published 08 Mar, 2014 12:00am
New CEC: passage of bill paves the way for Bhagwandas

New CEC: passage of bill paves the way for Bhagwandas

The Government and Opposition have paved the way for the appointment of former Justice Rana Bhagwandas as the Chief Election Commissioner by passing "Federal Public Service Commission (Amendment) Bill, 2014" in the National Assembly on Friday.
Published 08 Mar, 2014 12:00am
Saudi Arabia designates MB terrorist group

Saudi Arabia designates MB terrorist group

Saudi Arabia has formally designated the Muslim Brotherhood as a terrorist organisation, in a move that could increase pressure on Qatar whose backing for the group has sparked a row with fellow Gulf monarchies. The US-allied kingdom has also designated a
Published 08 Mar, 2014 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 Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
Saudi Arabia designates MB terrorist group

Saudi Arabia designates MB terrorist group

Saudi Arabia has formally designated the Muslim Brotherhood as a terrorist organisation, in a move that could increase pressure on Qatar whose backing for the group has sparked a row with fellow Gulf monarchies. The US-allied kingdom has also designated a
Published 08 Mar, 2014 12:00am
LNG terminal: Engro's ETPL fails to meet PQA requirements

LNG terminal: Engro's ETPL fails to meet PQA requirements

The site selected by Engro's Elengy Terminal Pakistan Limited (ETPL) to establish its LNG import terminal in Karachi does not meet the requirements of Port Qasim Authority (PQA). According to documents made available to Business Recorder, PQA infor
Published 08 Mar, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 07, 2014).
Published 08 Mar, 2014 12:00am
LNG terminal: Engro's ETPL fails to meet PQA requirements

LNG terminal: Engro's ETPL fails to meet PQA requirements

The site selected by Engro's Elengy Terminal Pakistan Limited (ETPL) to establish its LNG import terminal in Karachi does not meet the requirements of Port Qasim Authority (PQA). According to documents made available to Business Recorder, PQA infor
Published 08 Mar, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 07, 2014).

Published 08 Mar, 2014 12:00am
LNG terminal: Engro''s ETPL fails to meet PQA requirements

LNG terminal: Engro''s ETPL fails to meet PQA requirements

The site selected by Engro''s Elengy Terminal Pakistan Limited (ETPL) to establish its LNG import terminal in Karachi does not meet the requirements of Port Qasim Authority (PQA). According to documents made available to Business Recorder, PQA info
Published 08 Mar, 2014 12:00am
Not many buyers of greenback as PKR strengthens

Not many buyers of greenback as PKR strengthens

Pak rupee continued to strengthen for second consecutive day on Friday with the interbank parity closing at Rs 102.80 equivalent to one dollar and open market rate at Rs 103.20 to one greenback. Both investors and exporters who had hoarded the dollars wer
Published 08 Mar, 2014 12:00am
Not many buyers of greenback as PKR strengthens

Not many buyers of greenback as PKR strengthens

Pak rupee continued to strengthen for second consecutive day on Friday with the interbank parity closing at Rs 102.80 equivalent to one dollar and open market rate at Rs 103.20 to one greenback. Both investors and exporters who had hoarded the dollars wer
Published 08 Mar, 2014 12:00am
Not many buyers of greenback as PKR strengthens

Not many buyers of greenback as PKR strengthens

Pak rupee continued to strengthen for second consecutive day on Friday with the interbank parity closing at Rs 102.80 equivalent to one dollar and open market rate at Rs 103.20 to one greenback. Both investors and exporters who had hoarded the dollars wer
Published 08 Mar, 2014 12:00am