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Print - 2014-03-12
LUMHS team visits Mithi hospital

LUMHS team visits Mithi hospital

During a visit to the Civil Hospital, Mithi for providing Medical Aid to the drought-hit area of Tharparkar, the Dean of Medicine & allied Sciences Liaquat University of Medical & Health Sciences Jamshoro Professor Salma Shaikh expressed that the Disease
Published 12 Mar, 2014 12:00am
Qaim displeased with delay in supply of relief goods

Qaim displeased with delay in supply of relief goods

Chief Minister Sindh Syed Qaim Ali Shah has expressed his displeasure over delay in supply and distribution of relief goods to the drought-affected people at District Tharparkar and has directed the Chief Secretary Sindh to conduct impartial inquiry again
Published 12 Mar, 2014 12:00am
Giorgi ousts Sharapova at Indian Wells

Giorgi ousts Sharapova at Indian Wells

Italian qualifier Camila Giorgi stunned defending champion and fourth seed Maria Sharapova 6-3, 4-6, 7-5 on Monday to reach the fourth round of the BNP Paribas Open. The 79th-ranked Giorgi needed two hours and 36 minutes to notch her third career win agai
Published 12 Mar, 2014 12:00am
Dolgopolov stuns Nadal

Dolgopolov stuns Nadal

Alexandr Dolgopolov toppled world number one and defending champion Rafael Nadal 6-3, 3-6, 7-6 (7/5) Monday in the third round of the Indian Wells ATP Masters. Ukraine's Dolgopolov, ranked 31st in the world and seeded 28th in the first Masters tournament
Published 12 Mar, 2014 12:00am
Bopara, Samuels and Sammy fined over row

Bopara, Samuels and Sammy fined over row

England all-rounder Ravi Bopara and West Indian duo Darren Sammy and Marlon Samuels were all fined for their on-field confrontation on Sunday, the International Cricket Council (ICC) said on Monday. The three players were found to have breached the ICC's
Published 12 Mar, 2014 12:00am
Pardew banned for seven games over headbutt

Pardew banned for seven games over headbutt

Newcastle United manager Alan Pardew has been given a seven-match suspension and a £60,000 ($100,000, 72,000 euros) fine for headbutting Hull City midfielder David Meyler, the Football Association announced on Tuesday. The 52-year-old will be banned from
Published 12 Mar, 2014 12:00am
Blind skiers follow the sound to victory

Blind skiers follow the sound to victory

When Kelly Gallagher accepted her gold medal Monday - a historic Winter Paralympic victory for Britain - she shared the podium with Charlotte Evans, her eyes on the slope while she flies down the alpine course. Kelly, who hails from Northern Ireland, has
Published 12 Mar, 2014 12:00am
Over $100,000 bonus for Nigeria World Cup triumph

Over $100,000 bonus for Nigeria World Cup triumph

Nigeria's footballers could earn more than $100,000 each if they become the first African team to win the World Cup this year. The figure pales into insignificance compared to the $800,000-plus given by Spain to its players who won the 2010 cup however.
Published 12 Mar, 2014 12:00am
I'm not done yet, says Harris

I'm not done yet, says Harris

Australian fast bowler Ryan Harris, who bowled his country to a series victory in South Africa last week, is hoping knee surgery will prolong his test career through the 2015 Ashes at least. The 34-year-old has been plagued by injuries since his debut in
Published 12 Mar, 2014 12:00am
England's Root out of World Twenty20

England's Root out of World Twenty20

England batsman Joe Root will miss the World Twenty20 in Bangladesh and be replaced by Ian Bell, the International Cricket Council announced on Monday. Rising Yorkshire star Root, 23, broke his thumb batting against the West Indies in last week's one-day
Published 12 Mar, 2014 12:00am
US firm buys 2.5 percent Man United stake

US firm buys 2.5 percent Man United stake

An American investment firm has acquired a quarter of all the Manchester United shares available on the New York Stock Exchange, the club announced on Tuesday. Baron Capital now owns 24 percent of all the shares that were sold by United's owners, the Glaz
Published 12 Mar, 2014 12:00am
WTA lukewarm over new tennis league

WTA lukewarm over new tennis league

The Women's Tennis Association offered only lukewarm support for the new International Premier Tennis League on Tuesday, with some details still sketchy even after the player draft. Melissa Pine, the WTA's Asia-Pacific vice-president and tournament direct
Published 12 Mar, 2014 12:00am
Sterling springs back

Sterling springs back

Sterling recovered from lows just below $1.66 on Tuesday, riding out the impact of testimony from Bank of England policymakers which offered little support for the market's view of when interest rates will rise. Forward interest rates show investors betti
Published 12 Mar, 2014 12:00am
Asia currencies edge higher

Asia currencies edge higher

Emerging Asian currencies edged higher versus the dollar on Tuesday with sentiment improving as the Chinese yuan stabilised and regional equities held firm. The South Korean won edged higher, helped by South Korean exporters' dollar selling for settlement
Published 12 Mar, 2014 12:00am
Indian rupee retreats

Indian rupee retreats

The Indian rupee posted its first fall against the dollar in six sessions on Tuesday, retreating from a seven-month high hit early in the session, after Reuters reported the government has put on hold plans to list domestic debt on global bond indexes. "G
Published 12 Mar, 2014 12:00am
Australian and New Zealand dollar show resilience

Australian and New Zealand dollar show resilience

The Australian and New Zealand dollars showed noticeable resilience on Tuesday after worries about China's economy hit commodity prices hard. The Aussie held steady at $0.9027, from $0.9016 in early trade, having touched a three-month high of $0.9135 late
Published 12 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 Tuesday. 77.73-77.74 (77.73-77.73). Call Money Rates: 06.75-08.25 percent (previous 05.25-08.25 percent). ( revised).
Published 12 Mar, 2014 12:00am
Dollar little changed versus majors in New York

Dollar little changed versus majors in New York

The US dollar was little changed against major currencies on Monday, supported by hopes US job growth would pick up in the wake of last week's mildly encouraging report on hiring and as tension over Ukraine remained contained. Meanwhile, the Australian do
Published 12 Mar, 2014 12:00am
Early trade in New York: euro slips versus dollar, yen

Early trade in New York: euro slips versus dollar, yen

The euro fell against the dollar and the yen on Tuesday after European Central Bank policymakers indicated traders may have overlooked the message that the bank may still act to stimulate the economy. The common currency strengthened to a 2-1/2-year peak
Published 12 Mar, 2014 12:00am
High-flying euro cedes ground in London

High-flying euro cedes ground in London

The euro fell against the dollar and the yen on Tuesday after a senior European Central Bank (ECB) policymaker told investors that they may have missed the message on policy that rates are set to remain accommodative for some time to come. Vice President
Published 12 Mar, 2014 12:00am
Yen stays trapped in Asian trade

Yen stays trapped in Asian trade

The yen remained trapped in narrow ranges in Asian trade on Tuesday after the Bank of Japan stood pat and gave no indication that further easing steps were in the cards yet. The BoJ maintained its massive monetary stimulus as widely expected, and stuck to
Published 12 Mar, 2014 12:00am
FTSE steadies in late trading, banks slip

FTSE steadies in late trading, banks slip

Britain's top share index steadied on Tuesday after hitting a three-week low, with some investors seeing value in beaten-down stocks, although the market remained vulnerable to further declines in the near term. The blue-chip FTSE 100 index was up 0.08 pe
Published 12 Mar, 2014 12:00am
Southeast Asian stocks up

Southeast Asian stocks up

Thai stocks rose on Tuesday to a three-month high ahead of a monetary policy decision by Thailand's central bank while other Southeast Asian markets recovered after most of them eased in the previous session due to weak Chinese export data. The day's trad
Published 12 Mar, 2014 12:00am
Australian shares little changed

Australian shares little changed

Australian shares finished flat on Tuesday as investors turned to banks and defensive stocks, unnerved by a steep fall in iron ore prices that hurt small miners and a pullback in a business conditions survey. The S&P/ASX 200 index added 2.3 points to fini
Published 12 Mar, 2014 12:00am
German shares outpace rest of Europe

German shares outpace rest of Europe

German shares rose on Tuesday, outperforming European stocks more broadly, as strong trade data from the region's largest economy revived investor appetite for the DAX index. Wider market sentiment was still undermined by the crisis in Ukraine, where conf
Published 12 Mar, 2014 12:00am
India's NSE index falters after hitting record high

India's NSE index falters after hitting record high

India's broader NSE index fell on Tuesday, retreating from a record high hit earlier in the session, as recent outperformers such as Reliance Industries fell on profit-booking ahead of key inflation data. India's record-setting rally, with the NSE hitting
Published 12 Mar, 2014 12:00am
Hong Kong stocks flat, China up

Hong Kong stocks flat, China up

Hong Kong's leading shares index closed flat on Tuesday, as an early rally fuelled by bargain-hunting fizzled out in the afternoon owing to ongoing concerns about China's economy. The benchmark Hang Seng Index edged up 4.68 points to 22,269.61 on turnover
Published 12 Mar, 2014 12:00am
US bond prices mostly flat

US bond prices mostly flat

US Treasuries prices were roughly unchanged on Monday ahead of US government debt auctions this week that are expected to attract buyers after a drop in benchmark bond prices. The Treasury will sell $64 billion in new coupon-bearing debt this week, includ
Published 12 Mar, 2014 12:00am
US bond prices mostly flat

US bond prices mostly flat

US Treasuries prices were roughly unchanged on Monday ahead of US government debt auctions this week that are expected to attract buyers after a drop in benchmark bond prices. The Treasury will sell $64 billion in new coupon-bearing debt this week, includ
Published 12 Mar, 2014 12:00am
Seoul shares up

Seoul shares up

Seoul shares rose on Tuesday as retail investors hunted for bargains after a recent decline sparked by worries over a slowdown in China's economy, while institutions and foreigners sold local stocks. The Korea Composite Stock Price Index (KOSPI) closed up
Published 12 Mar, 2014 12:00am
S&P dips; China data, Boeing weigh

S&P dips; China data, Boeing weigh

US stocks dipped on Monday, weighed down by soft data out of China and Boeing's latest production setback. Merger and acquisition announcements, however, as well as company-specific news including on Facebook and Alexion Pharma, helped keep the S&P 500 an
Published 12 Mar, 2014 12:00am
Tuesday's midday trade: stocks fall in choppy trading

Tuesday's midday trade: stocks fall in choppy trading

US stocks fell in afternoon trading on Tuesday after swinging between gains and losses for most of the session as the lack of major corporate earnings or market-affecting data kept trading directionless. US wholesale inventories rose more than expected in
Published 12 Mar, 2014 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo stocks rose 0.69 percent Tuesday after the Bank of Japan held off launching fresh monetary easing measures. The Nikkei-225 index gained 103.97 points to 15,224.11, while the Topix index of all first-section shares added 0.46 percent, or 5.60 points,
Published 12 Mar, 2014 12:00am
Emerging economies likely to hold back growth: OECD

Emerging economies likely to hold back growth: OECD

Emerging economies are expected to hold down global growth with their "sub-par" performance, the OECD forecast on Tuesday, warning that the risk of recent turmoil hitting developing markets could intensify. But advanced economies are expected to post stre
Published 12 Mar, 2014 12:00am
India's exports fall

India's exports fall

India's merchandise exports fell for the first time in eight months in February, data showed on Tuesday, dampening hopes of an export-led recovery for the flagging economy ahead of national elections. Exports contracted 3.67 percent last month from a year
Published 12 Mar, 2014 12:00am
BoJ holds off new easing measures

BoJ holds off new easing measures

The Bank of Japan held off fresh monetary easing measures Tuesday, saying the economy was picking up, despite slowing growth in the last quarter of 2013 and fears that a looming tax hike will dent the recovery. The head of the central bank also indicated
Published 12 Mar, 2014 12:00am
Forex rigging 'as serious as' Libor scandal: Carney

Forex rigging 'as serious as' Libor scandal: Carney

The alleged manipulation of foreign exchange markets is "as serious as" the Libor rate rigging scandal that rocked the financial sector, Bank of England governor Mark Carney said Tuesday. "This is extremely serious... this is as serious as Libor, if not m
Published 12 Mar, 2014 12:00am
Time runs short as Europe haggles over key bank reform

Time runs short as Europe haggles over key bank reform

European countries haggled on Tuesday over a scheme to insulate taxpayers from the costs of bank failures, redoubling efforts to avoid an embarrassing delay to the euro zone's centrepiece crisis reform. The protracted talks show the politically charged na
Published 12 Mar, 2014 12:00am
Bitcoin exchange MtGox files for US bankruptcy protection

Bitcoin exchange MtGox files for US bankruptcy protection

The troubled Bitcoin exchange MtGox filed for protection under US bankruptcy law Monday, 10 days after doing the same in Japan after a huge loss of the digital currency, a court document showed. The Japanese firm is now protected temporarily under Chapter
Published 12 Mar, 2014 12:00am
German exports, imports surge at fastest pace in nearly two years

German exports, imports surge at fastest pace in nearly two years

German exports and imports surged in January at the fastest pace in nearly two years, data showed on Tuesday, adding to signs that Europe's largest economy started the year on a strong footing and is on track to robust growth. Data from the Federal Statis
Published 12 Mar, 2014 12:00am
Zurich to cut about 800 jobs

Zurich to cut about 800 jobs

Zurich Insurance Group will cut about 800 jobs globally to save around $250 million per year by the end of 2015 as part of a drive to reduce costs and improve profitability. The company is overhauling its business by investing in high margin units and sel
Published 12 Mar, 2014 12:00am
German IT market eyes 2014 growth but lags global pace

German IT market eyes 2014 growth but lags global pace

The German IT and communications sector is set to return to growth in 2014 driven by smartphones and tablet computers but still trail a booming global market, an industry lobby said Sunday. On the eve of the world's biggest hi-tech fair, Germany's BITKOM
Published 12 Mar, 2014 12:00am
German IT market eyes 2014 growth but lags global pace

German IT market eyes 2014 growth but lags global pace

The German IT and communications sector is set to return to growth in 2014 driven by smartphones and tablet computers but still trail a booming global market, an industry lobby said Sunday. On the eve of the world's biggest hi-tech fair, Germany's BITKOM
Published 12 Mar, 2014 12:00am
Consumers, exports boost Portugal

Consumers, exports boost Portugal

Portuguese consumers increased their spending in the last quarter of last year, showing some confidence amid austerity and giving an unexpected boost to the economy, official data showed on Tuesday. Overall, the bailed-out country appears to be benefiting
Published 12 Mar, 2014 12:00am
China firm in landmark bond default to sell assets

China firm in landmark bond default to sell assets

The first company in China to default on a corporate bond said Tuesday it would sell assets in a bid to meet interest payments as possible bankruptcy looms. Shanghai-based Chaori Solar Energy Science & Technology Co on Friday confirmed the landmark defaul
Published 12 Mar, 2014 12:00am
China firm in landmark bond default to sell assets

China firm in landmark bond default to sell assets

The first company in China to default on a corporate bond said Tuesday it would sell assets in a bid to meet interest payments as possible bankruptcy looms. Shanghai-based Chaori Solar Energy Science & Technology Co on Friday confirmed the landmark defaul
Published 12 Mar, 2014 12:00am
RBS might have to leave an independent Scotland: BoE's Carney

RBS might have to leave an independent Scotland: BoE's Carney

The Royal Bank of Scotland and other Scottish-based financial firms might have to move their headquarters to England if Scotland becomes independent and joins the European Union, Bank of England Governor Mark Carney said on Tuesday.
Published 12 Mar, 2014 12:00am
UK financial body urges quick action over foreign exchange 'fixing'

UK financial body urges quick action over foreign exchange 'fixing'

Regulators should deal quickly with allegations that banks have rigged the $5.3 trillion-a-day foreign exchange market to avoid harming Britain's reputation as a financial centre, a top industry official said on Tuesday. Chris Cummings, chief executive of
Published 12 Mar, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

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

New York cotton

The following were the fluctuations observed during the day:

Published 12 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 12 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 12 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 Tuesday (March 11, 2014).

Published 12 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 Tuesday (March 11, 2014).

Published 12 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 Tuesday (March 11, 2014).

Published 12 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 Tuesday (March 11, 2014).

Published 12 Mar, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 11, 2014).
Published 12 Mar, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 11, 2014).

Published 12 Mar, 2014 12:00am
BRIndex30 rises by 276.93 points

BRIndex30 rises by 276.93 points

On Tues-day, BRIndex30 opened at 16,281.03 and remained positive throughout the trading session. It touched an intraday high of 16,588.15 and an intraday low of 16,363.66 and closed at 16,557.96, which was 276.93 points or 1.7 percent higher than previous
Published 12 Mar, 2014 12:00am
TT charges dues: banks to get Rs 3.46 billion by March 21: Dar

TT charges dues: banks to get Rs 3.46 billion by March 21: Dar

Finance Minister Ishaq Dar on Tuesday said the government has already cleared Rs 6 billion on account of payment of Telegraphic Transfer (TT) charges to banks and the outstanding dues of Rs 3.46 billion will be cleared by March 21 to further encourage ban
Published 12 Mar, 2014 12:00am
TT charges dues: banks to get Rs 3.46 billion by March 21: Dar

TT charges dues: banks to get Rs 3.46 billion by March 21: Dar

Finance Minister Ishaq Dar on Tuesday said the government has already cleared Rs 6 billion on account of payment of Telegraphic Transfer (TT) charges to banks and the outstanding dues of Rs 3.46 billion will be cleared by March 21 to further encourage ban
Published 12 Mar, 2014 12:00am
TT charges dues: banks to get Rs 3.46 billion by March 21: Dar

TT charges dues: banks to get Rs 3.46 billion by March 21: Dar

Finance Minister Ishaq Dar on Tuesday said the government has already cleared Rs 6 billion on account of payment of Telegraphic Transfer (TT) charges to banks and the outstanding dues of Rs 3.46 billion will be cleared by March 21 to further encourage ban
Published 12 Mar, 2014 12:00am
TT charges dues: banks to get Rs 3.46 billion by March 21: Dar

TT charges dues: banks to get Rs 3.46 billion by March 21: Dar

Finance Minister Ishaq Dar on Tuesday said the government has already cleared Rs 6 billion on account of payment of Telegraphic Transfer (TT) charges to banks and the outstanding dues of Rs 3.46 billion will be cleared by March 21 to further encourage ban
Published 12 Mar, 2014 12:00am
Crimea votes for independence as US and Russia clash

Crimea votes for independence as US and Russia clash

Lawmakers on the flashpoint Crimean peninsula voted on Tuesday for independence from Ukraine ahead of a referendum on joining Russia while Washington rebuffed talks with Moscow in one of their fiercest clashes since the Cold War. The hold of Kiev's new We
Published 12 Mar, 2014 12:00am
Crimea votes for independence as US and Russia clash

Crimea votes for independence as US and Russia clash

Lawmakers on the flashpoint Crimean peninsula voted on Tuesday for independence from Ukraine ahead of a referendum on joining Russia while Washington rebuffed talks with Moscow in one of their fiercest clashes since the Cold War. The hold of Kiev's new We
Published 12 Mar, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (March 11, 2014).

Published 12 Mar, 2014 12:00am
Bullish trend prevails

Bullish trend prevails

A bullish trend prevailed on Karachi Stock Exchange (KSE) Tuesday as the KSE-100 index gained 132 points to close at fresh record high of 27,309 points against 27,176 points Monday. During the intraday trading, the index touched 27,352 highest and 27,176
Published 12 Mar, 2014 12:00am
Bullish trend prevails

Bullish trend prevails

A bullish trend prevailed on Karachi Stock Exchange (KSE) Tuesday as the KSE-100 index gained 132 points to close at fresh record high of 27,309 points against 27,176 points Monday. During the intraday trading, the index touched 27,352 highest and 27,176
Published 12 Mar, 2014 12:00am
Bullish trend prevails

Bullish trend prevails

A bullish trend prevailed on Karachi Stock Exchange (KSE) Tuesday as the KSE-100 index gained 132 points to close at fresh record high of 27,309 points against 27,176 points Monday. During the intraday trading, the index touched 27,352 highest and 27,176
Published 12 Mar, 2014 12:00am
Thar famine: SHC directs judicial officers to examine relief work

Thar famine: SHC directs judicial officers to examine relief work

The Sindh High Court (SHC) on Tuesday directed judicial officers of Tharparkar and Umerkot to examine ongoing relief operation in famine-hit districts and collect data regarding death toll due to malnutrition. A division bench headed by Chief Justice Maqb
Published 12 Mar, 2014 12:00am
'Efforts on to reduce trade deficit, increase tax revenues'

'Efforts on to reduce trade deficit, increase tax revenues'

Rana Muhammad Afzal, MNA and Parliamentary Secretary Finance, has said the government was making strenuous efforts to reduce trade deficit and increase tax revenues to provide maximum funds for development and public welfare. He was addressing the members
Published 12 Mar, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 11, 2014).

Published 12 Mar, 2014 12:00am
'Efforts on to reduce trade deficit, increase tax revenues'

'Efforts on to reduce trade deficit, increase tax revenues'

Rana Muhammad Afzal, MNA and Parliamentary Secretary Finance, has said the government was making strenuous efforts to reduce trade deficit and increase tax revenues to provide maximum funds for development and public welfare. He was addressing the members
Published 12 Mar, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 11, 2014).

Published 12 Mar, 2014 12:00am