News Archives for Print - 2014-03-16 - Business Recorder

AIRLINK 184.29 ▲ 6.84 (3.85%)

BOP 11.26 ▲ 0.15 (1.35%)

CNERGY 8.53 ▲ 0.02 (0.24%)

CPHL 95.96 ▼ -0.28 (-0.29%)

FCCL 45.99 ▲ 1.01 (2.25%)

FFL 15.79 ▼ -0.12 (-0.75%)

FLYNG 28.20 ▲ 0.29 (1.04%)

HUBC 143.38 ▲ 1.50 (1.06%)

HUMNL 13.04 ▲ 0.05 (0.38%)

KEL 4.46 ▲ 0.03 (0.68%)

KOSM 5.85 ▼ -0.02 (-0.34%)

MLCF 63.40 ▲ 2.64 (4.34%)

OGDC 213.17 ▲ 1.47 (0.69%)

PACE 6.00 ▲ 0.24 (4.17%)

PAEL 47.05 ▲ 0.56 (1.2%)

PIAHCLA 17.20 ▼ -0.33 (-1.88%)

PIBTL 10.40 ▼ -0.09 (-0.86%)

POWER 12.00 ▲ 0.16 (1.35%)

PPL 170.50 ▲ 0.82 (0.48%)

PRL 34.50 ▼ -0.01 (-0.03%)

PTC 22.50 ▼ -0.12 (-0.53%)

SEARL 93.81 ▼ -0.20 (-0.21%)

SSGC 39.90 ▲ 0.13 (0.33%)

SYM 14.30 ▲ 0.12 (0.85%)

TELE 7.24 ▼ -0.08 (-1.09%)

TPLP 10.05 ▲ 0.03 (0.3%)

TRG 66.15 ▲ 0.19 (0.29%)

WAVESAPP 10.23 ▼ -0.09 (-0.87%)

WTL 1.32 ▼ 0.00 (0%)

YOUW 3.78 ▼ -0.02 (-0.53%)

AIRLINK 184.29 ▲ 6.84 (3.85%)

BOP 11.26 ▲ 0.15 (1.35%)

CNERGY 8.53 ▲ 0.02 (0.24%)

CPHL 95.96 ▼ -0.28 (-0.29%)

FCCL 45.99 ▲ 1.01 (2.25%)

FFL 15.79 ▼ -0.12 (-0.75%)

FLYNG 28.20 ▲ 0.29 (1.04%)

HUBC 143.38 ▲ 1.50 (1.06%)

HUMNL 13.04 ▲ 0.05 (0.38%)

KEL 4.46 ▲ 0.03 (0.68%)

KOSM 5.85 ▼ -0.02 (-0.34%)

MLCF 63.40 ▲ 2.64 (4.34%)

OGDC 213.17 ▲ 1.47 (0.69%)

PACE 6.00 ▲ 0.24 (4.17%)

PAEL 47.05 ▲ 0.56 (1.2%)

PIAHCLA 17.20 ▼ -0.33 (-1.88%)

PIBTL 10.40 ▼ -0.09 (-0.86%)

POWER 12.00 ▲ 0.16 (1.35%)

PPL 170.50 ▲ 0.82 (0.48%)

PRL 34.50 ▼ -0.01 (-0.03%)

PTC 22.50 ▼ -0.12 (-0.53%)

SEARL 93.81 ▼ -0.20 (-0.21%)

SSGC 39.90 ▲ 0.13 (0.33%)

SYM 14.30 ▲ 0.12 (0.85%)

TELE 7.24 ▼ -0.08 (-1.09%)

TPLP 10.05 ▲ 0.03 (0.3%)

TRG 66.15 ▲ 0.19 (0.29%)

WAVESAPP 10.23 ▼ -0.09 (-0.87%)

WTL 1.32 ▼ 0.00 (0%)

YOUW 3.78 ▼ -0.02 (-0.53%)

BR100 12,500 143.7 (1.16%)

BR30 37,844 424.4 (1.13%)

KSE100 116,904 883.7 (0.76%)

KSE30 35,935 328.3 (0.92%)

اردو

Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2014-03-16

Uganda's February coffee exports up

Uganda's February coffee exports up

Uganda's coffee exports in February rose by 2.9 percent year-on-year to 354,837 60-kg bags, helped dry weather that has hastened the drying of beans, a state agency said on Thursday. "The central and eastern regions where harvesting is underway have been

Published 16 Mar, 2014 12:00am

Life insurers asked to enter into CISSII participation agreement before May 1

Life insurers asked to enter into CISSII participation agreement before May 1

The Securities and Exchange Commission of Pakistan (SECP) as part of its ongoing insurance reforms has issued a regulatory directive through S.R.O. No 162(I)/2014 to instruct the life insurance companies and family takaful operators to participate in the

Published 16 Mar, 2014 12:00am

Yuan sentiment turns bearish, weakest since mid-2012

Yuan sentiment turns bearish, weakest since mid-2012

Sentiment on the Chinese yuan turned bearish for the first time since mid-2012 in recent weeks as the country's central bank weakened the currency to punish speculators, a Reuters poll showed. The poll also showed long positions in the Indonesian rupiah r

Published 16 Mar, 2014 12:00am

Speculators trim US dollar bets; longs lowest since November

Speculators trim US dollar bets; longs lowest since November

Speculators pared bullish bets on the US dollar for a fifth straight week, with net longs falling to their lowest in more than four months, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net l

Published 16 Mar, 2014 12:00am

FX trading on Thomson Reuters dips in February

FX trading on Thomson Reuters dips in February

Daily spot foreign exchange trading volumes on Thomson Reuters dipped in February from a month earlier, still showing improvement from long-term lows hit at the end of last year but down an average of $24 billion on a year ago. Along with another major cu

Published 16 Mar, 2014 12:00am

Jitters over Ukraine, China propel yen higher in New York

Jitters over Ukraine, China propel yen higher in New York

The yen rose on Friday, poised for its biggest weekly gains in more than a month against the euro and the dollar as traders flocked to it on growing tension in Ukraine and fears about the health of the Chinese economy. The euro was also under pressure sin

Published 16 Mar, 2014 12:00am

Canadian dollar weakens

Canadian dollar weakens

The Canadian dollar weakened against the greenback on Friday, a day after a strong gain, as worries ahead of a referendum in Crimea on separating from Ukraine prompted investors to push into safer assets. The only domestic economic data that had been on t

Published 16 Mar, 2014 12:00am

Australian and New Zealand dollars seen lower over next year

Australian and New Zealand dollars seen lower over next year

Analysts further trimmed forecasts for the Australian and New Zealand dollars in the latest Reuters poll, reflecting in part expectations that the Federal Reserve's winding back of stimulus will bolster the US dollar over time. A poll of 54 analysts put t

Published 16 Mar, 2014 12:00am

Central European currencies fall

Central European currencies fall

Central European assets fell on Friday ahead of a referendum in Ukraine's Crimea on Sunday that could lead to formalising Russian rule and heighten tension between Russia and the West. Central European stocks were hit by fears that the conflict will drag

Published 16 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 16 Mar, 2014 12:00am

Wall Street ends lower on jitters over upcoming Crimea vote

Wall Street ends lower on jitters over upcoming Crimea vote

Wall Street ended lower on Friday with all three major stock indexes down for the week, as concerns over tensions between Ukraine and Russia escalated ahead of a referendum in Crimea this weekend. The S&P 500 ended below a key technical support level of 1

Published 16 Mar, 2014 12:00am

Ukraine crisis puts Russian IPOs on hold

Ukraine crisis puts Russian IPOs on hold

Russian companies looking to raise money via initial public share offerings are waiting to see how severely Moscow will be hit by western sanctions for its incursion into Ukraine, banking and other sources said. Several IPOs are in the wings including Ger

Published 16 Mar, 2014 12:00am

Online retailer boohoo.com makes strong market debut

Online retailer boohoo.com makes strong market debut

Shares in British online fashion retailer boohoo.com jumped by more than 50 percent in debut trade on London's AIM market on Friday, giving the firm a value of around 870 million pounds ($1.45 billion). The shares opened 70 percent above its 50 pence offe

Published 16 Mar, 2014 12:00am

GE files for IPO of North American retail finance arm

GE files for IPO of North American retail finance arm

General Electric Thursday filed papers for an initial public offering for its North American retail finance unit, its first step in a planned exit from the business in 2015. The new publicly-traded vehicle will be known as Synchrony Financial and will hou

Published 16 Mar, 2014 12:00am

Ukraine, China send German Bund yields to eight-month lows

Ukraine, China send German Bund yields to eight-month lows

German Bund yields fell to their lowest in eight months on Friday as tensions over Russia and the West over Ukraine and concerns over Chinese growth buoyed demand for low-risk assets. The low in 10-year yields just above 1.50 percent was touched on the ba

Published 16 Mar, 2014 12:00am

Ukraine, China send German Bund yields to eight-month lows

Ukraine, China send German Bund yields to eight-month lows

German Bund yields fell to their lowest in eight months on Friday as tensions over Russia and the West over Ukraine and concerns over Chinese growth buoyed demand for low-risk assets. The low in 10-year yields just above 1.50 percent was touched on the ba

Published 16 Mar, 2014 12:00am

TSX slips, ends week lower

TSX slips, ends week lower

Canada's main stock index edged lower on Friday as worries about the crisis in Ukraine and fears of a slowdown in economic growth in China weighed on investor sentiment. Moscow sent more troops into Crimea on Friday and repeated its threat to invade other

Published 16 Mar, 2014 12:00am

Treasuries outlook: bonds edge higher on Ukraine tensions, low inflation

Treasuries outlook: bonds edge higher on Ukraine tensions, low inflation

US Treasuries prices edged higher on Friday on rising tensions between the West and Russia ahead of Ukraine's weekend referendum in Crimea, while data showing continued low inflation and weak consumer sentiment supported safe-haven bids. The West has ramp

Published 16 Mar, 2014 12:00am

Treasuries outlook: bonds edge higher on Ukraine tensions, low inflation

Treasuries outlook: bonds edge higher on Ukraine tensions, low inflation

US Treasuries prices edged higher on Friday on rising tensions between the West and Russia ahead of Ukraine's weekend referendum in Crimea, while data showing continued low inflation and weak consumer sentiment supported safe-haven bids. The West has ramp

Published 16 Mar, 2014 12:00am

European companies cash in as stock market flotations soar

European companies cash in as stock market flotations soar

European equity capital markets leapt into 2014 with their strongest annual start since 2007, Thomson Reuters data showed on Friday, as a glut of initial public offerings helped business surge 38 percent on the same period last year. European IPO activity

Published 16 Mar, 2014 12:00am

Egypt regulator sets rules for index, real estate funds

Egypt regulator sets rules for index, real estate funds

Egypt's financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules. Sherif Samy, head of the Egyptian Financia

Published 16 Mar, 2014 12:00am

Egypt regulator sets rules for index, real estate funds

Egypt regulator sets rules for index, real estate funds

Egypt's financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules. Sherif Samy, head of the Egyptian Financia

Published 16 Mar, 2014 12:00am

CS, MS set for Alibaba IPO in Project Avatar

Credit Suisse and Morgan Stanley have begun working on the listing of Alibaba Group under the code name "Project Avatar", according to two people with knowledge of the situation. One of the people said the work on the IPO for the Chinese e-commerce compan

Published 16 Mar, 2014 12:00am

Abu Dhabi's Gulf Marine Services makes muted London debut

Abu Dhabi's Gulf Marine Services makes muted London debut

Abu Dhabi-based Gulf Marine Services (GMS) made a muted stock market debut in London, as the oil service vessel operator struggled to spark investors' interest following a glut of new share listings. GMS shares were changing hands at 135 pence at 0829 GMT

Published 16 Mar, 2014 12:00am

Sina Weibo files for $500 million US IPO

Sina Weibo files for $500 million US IPO

Twitter-like messaging service Weibo Corp filed on Friday to raise $500 million via a US initial public offering, as Chinese companies flock to the American market in record numbers to take advantage of soaring valuations. Weibo, owned by Sina Corp, becom

Published 16 Mar, 2014 12:00am

Sina Weibo files for $500 million US IPO

Sina Weibo files for $500 million US IPO

Twitter-like messaging service Weibo Corp filed on Friday to raise $500 million via a US initial public offering, as Chinese companies flock to the American market in record numbers to take advantage of soaring valuations. Weibo, owned by Sina Corp, becom

Published 16 Mar, 2014 12:00am

Greece gunning for weekend deal with EU-IMF creditors

Greece gunning for weekend deal with EU-IMF creditors

Greece was gunning for a weekend deal with its EU-IMF creditors on a lingering reform audit that has held up billions of euros in loans since last year, an official said on Friday. "The goal is to reach an accord by Sunday," the finance ministry official

Published 16 Mar, 2014 12:00am

France's Vivendi favours Numericable in telecoms bidding war

France's Vivendi favours Numericable in telecoms bidding war

French conglomerate Vivendi said Friday it was entering exclusive talks with Numericable to sell the cable operator its telecoms unit SFR, shrugging aside France's industrial renewal minister's attempt at scuppering a deal between the two. The announcemen

Published 16 Mar, 2014 12:00am

Brazil economic activity index rebounds in January

Brazil economic activity index rebounds in January

Economic activity in Brazil grew more than expected in January as strong retail sales offset most of the prior month's sharp downturn, the central bank said on Friday. The Brazilian central bank's IBC-Br economic activity index rose 1.26 percent in Januar

Published 16 Mar, 2014 12:00am

Discount brokers' volumes rise as small investors pile into stocks

Discount brokers' volumes rise as small investors pile into stocks

The three biggest US discount brokerage firms said their stock trading volumes jumped in February from a year earlier, an indication that confidence by small investors in the stock market is continuing to gain after being fairly moribund in 2013. Charles

Published 16 Mar, 2014 12:00am

Discount brokers' volumes rise as small investors pile into stocks

Discount brokers' volumes rise as small investors pile into stocks

The three biggest US discount brokerage firms said their stock trading volumes jumped in February from a year earlier, an indication that confidence by small investors in the stock market is continuing to gain after being fairly moribund in 2013. Charles

Published 16 Mar, 2014 12:00am

IMF cuts forecasts for Finnish economy amid Russia uncertainty

IMF cuts forecasts for Finnish economy amid Russia uncertainty

The International Monetary Fund trimmed its growth forecasts for Finland amid uncertainty over Russia, and it urged the Finnish government to cut spending and move on with structural reforms to make the economy more competitive. The IMF said it expects Fi

Published 16 Mar, 2014 12:00am

IMF cuts forecasts for Finnish economy amid Russia uncertainty

IMF cuts forecasts for Finnish economy amid Russia uncertainty

The International Monetary Fund trimmed its growth forecasts for Finland amid uncertainty over Russia, and it urged the Finnish government to cut spending and move on with structural reforms to make the economy more competitive. The IMF said it expects Fi

Published 16 Mar, 2014 12:00am

Ecobank grew 'too fast', says top shareholder

Ecobank grew 'too fast', says top shareholder

Pan-African lender Ecobank grew too fast in a short space of time, its biggest shareholder said on Wednesday, potentially signalling a slowdown in the rapid expansion that has taken the financial institution to 35 countries. Elias Masilela, chief executiv

Published 16 Mar, 2014 12:00am

Ecobank grew 'too fast', says top shareholder

Ecobank grew 'too fast', says top shareholder

Pan-African lender Ecobank grew too fast in a short space of time, its biggest shareholder said on Wednesday, potentially signalling a slowdown in the rapid expansion that has taken the financial institution to 35 countries. Elias Masilela, chief executiv

Published 16 Mar, 2014 12:00am

Sanctions will not have big economic impact on Russia: minister

Sanctions will not have big economic impact on Russia: minister

Planned western sanctions against Russia after a secession referendum in the Ukrainian province of Crimea on Sunday are unlikely to have a major economic impact, Russian Economy Minister Alexei Ulyukayev said. Investors in Russia are concerned about the e

Published 16 Mar, 2014 12:00am

South Korea's February Iran oil imports soar ahead of shutdown

South Korea's February Iran oil imports soar ahead of shutdown

South Korea's crude imports from Iran surged 104 percent in February from a year earlier as refiners hiked purchases ahead of maintenance shutdown starting from March, according to the country's customs data and a refining source. South Korea imported 1.1

Published 16 Mar, 2014 12:00am

Emaar plans $2.5 billion listing of shopping mall unit

Emaar plans $2.5 billion listing of shopping mall unit

Dubai's Emaar Properties said it would sell up to 25 percent of its shopping mall and retailing unit in a public offer expected to raise 8 to 9 billion dirhams ($2.18-$2.45 billion), making it one of the region's largest equity offers since 2008. The proc

Published 16 Mar, 2014 12:00am

Emaar plans $2.5 billion listing of shopping mall unit

Emaar plans $2.5 billion listing of shopping mall unit

Dubai's Emaar Properties said it would sell up to 25 percent of its shopping mall and retailing unit in a public offer expected to raise 8 to 9 billion dirhams ($2.18-$2.45 billion), making it one of the region's largest equity offers since 2008. The proc

Published 16 Mar, 2014 12:00am

Maruti Sukuzi to seek minority shareholder nod for plant

Maruti Sukuzi to seek minority shareholder nod for plant

Maruti Suzuki India said on Saturday it will seek minority shareholder approval for a plan to outsource production at a new factory to its largest shareholder, Suzuki Motor, after its leading investors opposed the move. Suzuki Motor Corp, which owns 56 pe

Published 16 Mar, 2014 12:00am

China austerity campaign knocks spending in 2013

China austerity campaign knocks spending in 2013

A campaign against Chinese government excess took major bites out of spending on official meetings, travel and vehicles in 2013, the Communist Party's chief disciplinary body said. The Central Commission for Discipline Inspection (CCDI) said in a statemen

Published 16 Mar, 2014 12:00am

Lawsuit kicks off class action claims against GM

Lawsuit kicks off class action claims against GM

General Motors was hit on Friday with what appeared to be the first lawsuit related to the recall of 1.6 million cars, as customers claimed their vehicles lost value because of ignition problems blamed for a series of fatal crashes. The proposed class act

Published 16 Mar, 2014 12:00am

Moody's raises outlook for European Union to stable

Moody's raises outlook for European Union to stable

Moody's raised its rating outlook for the European Union to stable from negative Friday, citing the improvement of its members' finances and falling risks from the eurozone debt crisis. Moody's affirmed the EU's top-flight Aaa rating and said the main rea

Published 16 Mar, 2014 12:00am

Moody's raises outlook for European Union to stable

Moody's raises outlook for European Union to stable

Moody's raised its rating outlook for the European Union to stable from negative Friday, citing the improvement of its members' finances and falling risks from the eurozone debt crisis. Moody's affirmed the EU's top-flight Aaa rating and said the main rea

Published 16 Mar, 2014 12:00am

New York takes London's crown as top financial centre

New York takes London's crown as top financial centre

New York has knocked London from its position as the world's leading global financial centre after seven years, according to the Global Financial Centres Index compiled by London-based consultancy Z/Yen. London slipped from the top of the global rankings,

Published 16 Mar, 2014 12:00am

Sina Weibo, 'China's Twitter,' files for IPO in US

Sina Weibo, 'China's Twitter,' files for IPO in US

Weibo Corp, the Chinese microblogging service often compared with Twitter, filed Friday for a US stock offering seeking to raise $500 million. The move will allow the popular Chinese-language social network to spin off from the Internet giant Sina, accord

Published 16 Mar, 2014 12:00am

Sina Weibo, 'China's Twitter,' files for IPO in US

Sina Weibo, 'China's Twitter,' files for IPO in US

Weibo Corp, the Chinese microblogging service often compared with Twitter, filed Friday for a US stock offering seeking to raise $500 million. The move will allow the popular Chinese-language social network to spin off from the Internet giant Sina, accord

Published 16 Mar, 2014 12:00am

Slim's Inbursa targets Brazil with Standard Bank unit deal

Slim's Inbursa targets Brazil with Standard Bank unit deal

Billionaire Carlos Slim's Grupo Financiero Inbursa SAB on Friday took a key step to expand outside Mexico after agreeing to pay $45 million for the Brazilian unit of South Africa's Standard Bank Group. The purchase of Banco Standard de Investimento Ltda g

Published 16 Mar, 2014 12:00am

World Bank, EU to resume Madagascar support

World Bank, EU to resume Madagascar support

The World Bank and the European Union will resume financial support to Madagascar, officials said, pledging to help rebuild the Indian Ocean island economy still reeling from a coup in 2009. The International Monetary Fund said on Thursday it had restored

Published 16 Mar, 2014 12:00am

Grounded soyabean ship slows Argentine exports

Grounded soyabean ship slows Argentine exports

A soyabean ship has run aground in Argentina's main grains hub of Rosario, the head of the port chamber said on Thursday, slowing exports from one of the world's top food suppliers just ahead of high Southern Hemisphere shipping season. The blockage of 80

Published 16 Mar, 2014 12:00am

China to add 60 million tonnes to state corn stockpile in 2013-14

China to add 60 million tonnes to state corn stockpile in 2013-14

China's government is likely to stockpile a record volume of corn for state reserves in the current marketing year due to lower-than-expected demand, an official think-tank said. Beijing is likely to stockpile 60 million tonnes of corn by the end of April

Published 16 Mar, 2014 12:00am

US Midwest corn, soya bids mostly steady

US Midwest corn, soya bids mostly steady

Corn spot basis bids were held mostly steady in quiet trade at processors and elevators around the US Midwest on Friday as farmer sales slowed, dealers said. Corn sales were slower after farmers sold large amounts earlier this month. A terminal in Toledo

Published 16 Mar, 2014 12:00am

Western European wheat prices steady

Western European wheat prices steady

Western European wheat prices were steady on Friday as the market consolidated below a near one-year high, with traders awaiting next developments in a standoff between Ukraine and Russia. Worries that tensions between the Black Sea grain exporters could

Published 16 Mar, 2014 12:00am

Brazil's February coffee sales surpass last year's

Brazil's February coffee sales surpass last year's

Sales of Brazil's 2014/2015 coffee crop were well ahead of the previous year in February, less than two months away from harvesting the crop, local commodities analysts Safras e Mercado said on Thursday. Total sales of the new crop in Brazil, which Safras

Published 16 Mar, 2014 12:00am

CBOT wheat futures rise on Ukraine jitters

CBOT wheat futures rise on Ukraine jitters

Wheat futures on the Chicago Board of Trade rose 2 percent Friday on uncertainty surrounding a weekend referendum in Ukraine's Crimea region, along with forecasts for dry weather in the southern US Plains wheat belt, traders said. The vote being held on S

Published 16 Mar, 2014 12:00am

FOB Gulf soya, corn, wheat offers held steady

FOB Gulf soya, corn, wheat offers held steady

FOB US Gulf grain basis offers were steady with a soft tone late Friday, reflecting a backing off of importer interest from recent weeks as South American values were more competitive with a ramp up in the harvest, traders said. FOB soyabean offers were u

Published 16 Mar, 2014 12:00am

Canadian canola futures rise

Canadian canola futures rise

ICE Canada canola futures rose on Friday to their fourth straight weekly gain, helped by short-covering. Funds now hold only a small short position, and traders said they will watch next week to see if they start a long position. May canola traded above m

Published 16 Mar, 2014 12:00am

US natural gas futures rise, but drop four percent on the week

US natural gas futures rise, but drop four percent on the week

US natural gas futures edged 1 percent higher on Friday but registered a 4 percent drop on the week on the approach of spring after a severely cold winter that drove prices up. The front-month contract traded as low as $4.34 on Friday, down 10 cents from

Published 16 Mar, 2014 12:00am

Cotton market: mills prefer to adopt wait-and-see mood

Cotton market: mills prefer to adopt wait-and-see mood

Millers and spinners under uncertainties, caused by dollar's sharp fall, preferred to be sidelined on the cotton market on Saturday in the process of trading, dealers said. The official spot rate held the overnight level at Rs 6,750, they added. Prices of

Published 16 Mar, 2014 12:00am

Oil cake market rates

Oil cake market rates

Easier trend was witnessed on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The March contract closed at Rs 1256.70 and it opened at Rs 1256.10 in the morning session, showing 60 paisa fall, they said. The May

Published 16 Mar, 2014 12:00am

Moong prices higher on grain market

Moong prices higher on grain market

Prices of Moong were higher on the wholesale grain market on Saturday in the process of modest trading, dealers said. On the cereals side, Moong prices picked up Rs 125 to Rs 11500, other commodities held the overnight levels, they said. On the rice side,

Published 16 Mar, 2014 12:00am

Kenyan tea prices fall

Kenyan tea prices fall

The highest price for top Kenyan tea fell to $3.60 per kg at this week's sale from $3.70 per kg last week, Africa Tea Brokers (ATB) said. Prices for Best Broken Pekoe Ones (BP1s) fetched $264-$360 per kg compared with $2.80-$3.70 per kg last week, ATB sai

Published 16 Mar, 2014 12:00am

Rawalpindi-Islamabad: Ecnec approves Rs 23.839 billion metro bus project

Rawalpindi-Islamabad: Ecnec approves Rs 23.839 billion metro bus project

The Executive Committee of National Economic Council (Ecnec) on Saturday approved Rs 23.839 billion metro bus project for Rawalpindi-Islamabad. Federal Minister for Finance Ishaq Dar chaired the meeting. The meeting discussed and approved its one-point ag

Published 16 Mar, 2014 12:00am

Mystery deepens over identity of ''Muslim country''

Mystery deepens over identity of ''Muslim country''

The government may not need Parliament''s approval for the establishment of Pakistan Development Fund (PDF) but is answerable to Parliament about mode and terms of conditions of any amount placed in such a Fund. Sources on condition of anonymity said that

Published 16 Mar, 2014 12:00am

Mystery deepens over identity of 'Muslim country'

Mystery deepens over identity of 'Muslim country'

The government may not need Parliament's approval for the establishment of Pakistan Development Fund (PDF) but is answerable to Parliament about mode and terms of conditions of any amount placed in such a Fund. Sources on condition of anonymity said that

Published 16 Mar, 2014 12:00am

Mystery deepens over identity of 'Muslim country'

Mystery deepens over identity of 'Muslim country'

The government may not need Parliament's approval for the establishment of Pakistan Development Fund (PDF) but is answerable to Parliament about mode and terms of conditions of any amount placed in such a Fund. Sources on condition of anonymity said that

Published 16 Mar, 2014 12:00am

Government urged to take parliament into confidence

Government urged to take parliament into confidence

Opposition parties have unanimously urged the Pakistan Muslim League-Nawaz (PML-N) government to take Parliament into confidence on the terms and conditions under which $1.5 billion was credited to Pakistan Development Fund by a friendly Muslim country.

Published 16 Mar, 2014 12:00am

Government urged to take parliament into confidence

Government urged to take parliament into confidence

Opposition parties have unanimously urged the Pakistan Muslim League-Nawaz (PML-N) government to take Parliament into confidence on the terms and conditions under which $1.5 billion was credited to Pakistan Development Fund by a friendly Muslim country.

Published 16 Mar, 2014 12:00am

Dar identifies $1.5 billion inflow as ''gift''

Dar identifies $1.5 billion inflow as ''gift''

Dispelling rumours about conditions attached with receipt of $1.5 billion, Finance Minister Ishaq Dar Saturday said that the assistance has been extended by friendly countries unconditionally as a gift and their share in public welfare projects. Talking t

Published 16 Mar, 2014 12:00am

Dar identifies $1.5 billion inflow as 'gift'

Dar identifies $1.5 billion inflow as 'gift'

Dispelling rumours about conditions attached with receipt of $1.5 billion, Finance Minister Ishaq Dar Saturday said that the assistance has been extended by friendly countries unconditionally as a gift and their share in public welfare projects. Talking t

Published 16 Mar, 2014 12:00am

Dar identifies $1.5 billion inflow as 'gift'

Dar identifies $1.5 billion inflow as 'gift'

Dispelling rumours about conditions attached with receipt of $1.5 billion, Finance Minister Ishaq Dar Saturday said that the assistance has been extended by friendly countries unconditionally as a gift and their share in public welfare projects. Talking t

Published 16 Mar, 2014 12:00am

Pro-Russians attack security office

Pro-Russians attack security office

Pro-Kremlin protesters on Saturday attacked a security service building in the Ukrainian city of Donetsk, demanding the release of their "governor" and their own right to vote on joining Russia. The protest comes three weeks after a popular uprising toppl

Published 16 Mar, 2014 12:00am

Pro-Russians attack security office

Pro-Russians attack security office

Pro-Kremlin protesters on Saturday attacked a security service building in the Ukrainian city of Donetsk, demanding the release of their "governor" and their own right to vote on joining Russia. The protest comes three weeks after a popular uprising toppl

Published 16 Mar, 2014 12:00am

UN resolution: Russia vetoes, China abstains

UN resolution: Russia vetoes, China abstains

Russia on Saturday vetoed a UN Security Council draft resolution that declared a planned referendum on the status of Ukraine's Crimea region "can have no validity" and urged nations and international organisations not to recognise it. "This is a sad and r

Published 16 Mar, 2014 12:00am

UN resolution: Russia vetoes, China abstains

UN resolution: Russia vetoes, China abstains

Russia on Saturday vetoed a UN Security Council draft resolution that declared a planned referendum on the status of Ukraine's Crimea region "can have no validity" and urged nations and international organisations not to recognise it. "This is a sad and r

Published 16 Mar, 2014 12:00am

Putin's spokesman sees no 'Cold War'

Putin's spokesman sees no 'Cold War'

Dmitry Peskov, Russian President Vladimir Putin's spokesman, said on Saturday that he was sure there would be no "Cold War" in connection with Ukraine. "With all our soul, we hope that both ourselves and our partners have enough political wisdom, feelings

Published 16 Mar, 2014 12:00am

Putin's spokesman sees no 'Cold War'

Putin's spokesman sees no 'Cold War'

Dmitry Peskov, Russian President Vladimir Putin's spokesman, said on Saturday that he was sure there would be no "Cold War" in connection with Ukraine. "With all our soul, we hope that both ourselves and our partners have enough political wisdom, feelings

Published 16 Mar, 2014 12:00am

50,000 protest Kremlin's swoop on Crimea

50,000 protest Kremlin's swoop on Crimea

Around 50,000 people marched through central Moscow on Saturday in protest at Russia's intervention in Ukraine, a day before the Crimean peninsula votes on switching to Kremlin rule. Waving Ukrainian and Russian flags and adopting the chants of Ukraine's

Published 16 Mar, 2014 12:00am

50,000 protest Kremlin's swoop on Crimea

50,000 protest Kremlin's swoop on Crimea

Around 50,000 people marched through central Moscow on Saturday in protest at Russia's intervention in Ukraine, a day before the Crimean peninsula votes on switching to Kremlin rule. Waving Ukrainian and Russian flags and adopting the chants of Ukraine's

Published 16 Mar, 2014 12:00am

FBR issues guide to facilitate withholding agents

FBR issues guide to facilitate withholding agents

To facilitate taxpayers specifically withholding agents under the Income Tax Ordinance, 2001, the Federal Board of Revenue (FBR) has issued a comprehensive guide wherein exemptions from withholding taxes under Part-II, III & IV of Second Schedule to the I

Published 16 Mar, 2014 12:00am

FBR issues guide to facilitate withholding agents

FBR issues guide to facilitate withholding agents

To facilitate taxpayers specifically withholding agents under the Income Tax Ordinance, 2001, the Federal Board of Revenue (FBR) has issued a comprehensive guide wherein exemptions from withholding taxes under Part-II, III & IV of Second Schedule to the I

Published 16 Mar, 2014 12:00am

FBR issues guide to facilitate withholding agents

FBR issues guide to facilitate withholding agents

To facilitate taxpayers specifically withholding agents under the Income Tax Ordinance, 2001, the Federal Board of Revenue (FBR) has issued a comprehensive guide wherein exemptions from withholding taxes under Part-II, III & IV of Second Schedule to the I

Published 16 Mar, 2014 12:00am

Prime Minister concerned at slow progress on PPO

Prime Minister concerned at slow progress on PPO

Prime Minister Nawaz Sharif has, reportedly expressed serious concern over slow progress in the implementation of Protection of Pakistan Ordinance and asked for revamping of the entire criminal justice system well-informed sources told Business Recorde

Published 16 Mar, 2014 12:00am

Prime Minister concerned at slow progress on PPO

Prime Minister Nawaz Sharif has, reportedly expressed serious concern over slow progress in the implementation of Protection of Pakistan Ordinance and asked for revamping of the entire criminal justice system well-informed sources told Business Recorde
Published 16 Mar, 2014 12:00am

China doubles yuan trading band

China''s central bank on Saturday doubled the yuan''s trading band to two percent, loosening its grip on the tightly-controlled currency and underscoring efforts to accelerate exchange-rate reforms as concerns mount over the slowing economy. The move will
Published 16 Mar, 2014 12:00am

China doubles yuan trading band

China's central bank on Saturday doubled the yuan's trading band to two percent, loosening its grip on the tightly-controlled currency and underscoring efforts to accelerate exchange-rate reforms as concerns mount over the slowing economy. The move will t
Published 16 Mar, 2014 12:00am

China doubles yuan trading band

China's central bank on Saturday doubled the yuan's trading band to two percent, loosening its grip on the tightly-controlled currency and underscoring efforts to accelerate exchange-rate reforms as concerns mount over the slowing economy. The move will t
Published 16 Mar, 2014 12:00am

Military data suggests 'skilled' flyer turned Malaysia jet

Investigators now believe a Malaysian jet that vanished was commandeered by a "skilled, competent" flyer who piloted the plane for hours, a senior Malaysian military official said Saturday as Prime Minister Najib Razak prepared to address the nation. Spea
Published 16 Mar, 2014 12:00am

Military data suggests 'skilled' flyer turned Malaysia jet

Investigators now believe a Malaysian jet that vanished was commandeered by a "skilled, competent" flyer who piloted the plane for hours, a senior Malaysian military official said Saturday as Prime Minister Najib Razak prepared to address the nation. Spea
Published 16 Mar, 2014 12:00am

Lost airliner was diverted deliberately: Malaysian Prime Minister

A missing Malaysian airliner was likely to have been deliberately steered to a course that could have taken it anywhere from central Asia to the southern Indian Ocean, Malaysia's prime minister said on Saturday. Minutes after Malaysian leader Najib Razak
Published 16 Mar, 2014 12:00am

Lost airliner was diverted deliberately: Malaysian Prime Minister

A missing Malaysian airliner was likely to have been deliberately steered to a course that could have taken it anywhere from central Asia to the southern Indian Ocean, Malaysia's prime minister said on Saturday. Minutes after Malaysian leader Najib Razak
Published 16 Mar, 2014 12:00am

Negotiating body briefs Nisar on TTP Shura meeting

Taliban Negotiating Committee on Saturday briefed Interior Minister Chaudhry Nisar Ali Khan about their meeting with Tehrik-e-Taliban Pakistan's key leadership. The Taliban Committee, met with Interior Minister Chaudhry Nisar Ali Khan, headed by Maulana S
Published 16 Mar, 2014 12:00am

Negotiating body briefs Nisar on TTP Shura meeting

Taliban Negotiating Committee on Saturday briefed Interior Minister Chaudhry Nisar Ali Khan about their meeting with Tehrik-e-Taliban Pakistan's key leadership. The Taliban Committee, met with Interior Minister Chaudhry Nisar Ali Khan, headed by Maulana S
Published 16 Mar, 2014 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (March 15, 2014).

Published 16 Mar, 2014 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (March 15, 2014).

Published 16 Mar, 2014 12:00am

THE RUPEE: rates firm

The rupee firmly held the overnight levels against the dollar on the currency market on Saturday, dealers said. In an effort to bring stability on economic front, the State Bank of Pakistan (SBP) has kept the policy rate unchanged at 10 percent, as almost
Published 16 Mar, 2014 12:00am

THE RUPEE: rates firm

The rupee firmly held the overnight levels against the dollar on the currency market on Saturday, dealers said. In an effort to bring stability on economic front, the State Bank of Pakistan (SBP) has kept the policy rate unchanged at 10 percent, as almost
Published 16 Mar, 2014 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 15, 2014).

Published 16 Mar, 2014 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 15, 2014).

Published 16 Mar, 2014 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (March 15, 2014).

Published 16 Mar, 2014 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 17

280.67

USD PKR Interbank Buying / Apr 17

280.47

USD to Japanese Yen / Apr 17

142.81

USD to Swiss Franc / Apr 17

0.82

Pound Sterling to USD / Apr 17

1.32

Euro to USD / Apr 17

1.14

UK LIBOR % / Apr 16

4.96

Stock Volume

S&P 500 / Apr 16

5,275.70

Nasdaq / Apr 16

16,307.16

Dow Jones / Apr 16

39,669.39

India Sensex / Apr 17

77,621.26

Tokyo Nikkei / Apr 17

34,285.53

Hang Seng / Apr 17

21,352.47

FTSE 100 / Apr 17

8,207.23

Germany DAX 30 / Apr 17

21,240.89

France CAC40 / Apr 17

7,290.96

Item Value

Karachi Cotton PKR/37.32 KG / Apr 16

16,985

Gold 10 Grams PKR / Apr 16

298,353

Petrol/Litre / Apr 17

254.63

Crude Oil USD/Barrel / Apr 17

63.25

Gold Spot USD/Ounce / Apr 17

3,331.95

Diesel/Litre / Apr 17

258.64

Cotton US¢/pound / Apr 17

66.66

Gainers
Losers
Leaders

Stock Price

Ghazi Fabrics / Apr 17

Ghazi Fabrics International Limited(GFIL)

8.36

▲ 1 (13.59%)

UDL International / Apr 17

UDL International Limited(UDLI)

8.52

▲ 1 (13.3%)

Chakwal Spinning / Apr 17

Chakwal Spinning Mills Limited(CWSM)

57.93

▲ 5.27 (10.01%)

United Brands / Apr 17

United Brands Limited(UBDL)

23.18

▲ 2.11 (10.01%)

Nimir Resins / Apr 17

Nimir Resins Limited(NRSL)

42.45

▲ 3.86 (10%)

Trust Sec.& Brok. / Apr 17

Trust Securities & Brokerage Limited(TSBL)

13.97

▲ 1.27 (10%)

S.S.Oil / Apr 17

S.S.Oil Mills Limited(SSOM)

244.59

▲ 22.24 (10%)

Shezan Inter. / Apr 17

Shezan International Limited(SHEZ)

148.43

▲ 13.49 (10%)

Sunrays Textile / Apr 17

Sunrays Textile Mills Limited(SUTM)

93.50

▲ 8.5 (10%)

At-Tahur Ltd. / Apr 17

At-Tahur Limited(PREMA)

58.09

▲ 5.28 (10%)

Stock Price

Gulshan Sp. / Apr 17

Gulshan Spinning Mills Limited(GSPM)

3.13

▼ -0.81 (-20.56%)

Oilboy Energy(R) / Apr 17

Oilboy Energy Limited(R)(OBOYR2)

1.11

▼ -0.27 (-19.57%)

Fateh Ind. / Apr 17

Fateh Industries Limited(FIL)

119.55

▼ -13.28 (-10%)

Blue-Ex Ltd / Apr 17

Blue-Ex Limited (GEM)(GEMBLUEX)

56.69

▼ -6.29 (-9.99%)

TPL Life Insur. / Apr 17

TPL Life Insurance Limited(TPLL)

49.40

▼ -5.41 (-9.87%)

Apna Microfin. / Apr 17

Apna Microfinance Bank Limited(AMBL)

10.17

▼ -1.11 (-9.84%)

Mughal Energy / Apr 17

Mughal Energy Limited(GEM)(GEMMEL)

20

▼ -2.02 (-9.17%)

Aisha Steel(ConPS) / Apr 17

Aisha Steel(ConPS)(ASLPS)

15.12

▼ -1.5 (-9.03%)

Jubilee Gen. Ins. / Apr 17

Jubilee General Insurance Limited(JGICL)

49.50

▼ -4.72 (-8.71%)

The Thal Ind.Corp. / Apr 17

The Thal Industries Corporation Limited(TICL)

331.04

▼ -28.97 (-8.05%)

Stock Volume

B.O.Punjab / Apr 17

The Bank of Punjab(BOP)

21,100,377

▲ 0.15

Maple Leaf Cement / Apr 17

Maple Leaf Cement Factory Limited(MLCF)

16,215,190

▲ 2.64

National Bank / Apr 17

National Bank of Pakistan(NBP)

14,717,343

▲ 4.85

Cnergyico PK / Apr 17

Cnergyico PK Limited(CNERGY)

14,392,716

▲ 0.02

Fauji Cement / Apr 17

Fauji Cement Company Limited(FCCL)

11,890,938

▲ 1.01

United BankXD / Apr 17

United Bank Limited(UBL)

10,671,019

▲ 15.66

Hascol Petrol / Apr 17

Hascol Petroleum Limited(HASCOL)

9,229,619

▲ 0.2

WorldCall Telecom / Apr 17

Worldcall Telecom Limited(WTL)

8,911,980

▲ 0

K-Electric Ltd. / Apr 17

K-Electric Limited(KEL)

8,054,404

▲ 0.03

Pak Elektron / Apr 17

Pak Elektron Limited(PAEL)

7,581,835

▲ 0.56

Markets →

Most Popular

Today

Yesterday

Past 3 Days

Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

NJLI Sarmaya Growth Fund Rates

SRO 592(1)/2025 attracts criticism from steel sector

CCP slaps Rs25m fine on Hyundai for misleading Tucson launch offer

Rightsizing: govt decides to axe 30,968 posts

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Pakistan may buy more cotton, soybean from US

Issue of stuck 1,200 Iranian trucks: summary to revise barter trade policy with Iran on the cards

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

NJLI Sarmaya Growth Fund Rates

Pakistan sees sharp decline in worker emigration to UAE: report

Relief for the salaried people

Punjab’s wheat policy: playing with fire

Held-up GST returns: FTO bars FBR from imposing penalties on registered persons

Renewable energy push: Nepra may approve tariff of KE’s 2 PV solar projects

Salaried class: Call for revision of tax slabs, rise in exemption limits

NJLI Sarmaya Growth Fund Rates

Punjab’s wheat policy: playing with fire

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

Salaried class: Call for revision of tax slabs, rise in exemption limits

Pakistan sees sharp decline in worker emigration to UAE: report

Export-oriented growth: Banks agree to lend a helping hand

Relief for the salaried people

Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

Bullion Rate

Cotton

Currency

Exchange

Capital Growth

Libor

Mutual Funds

Kerb

Vegetable Oil

Grain

Fipi

Lipi

MTS Open Position

MFS Open Position

Kibor Rates

Libor Rates

PKRV Rates

NPB Rates

TFC Rates

UIN Wise Settlement

Future Open Interest

Karachi Bullion Rates

PMEX Rates

• Contact Us

• Terms & Conditions

• Privacy Policy

• Disclaimer

• Media Kit

• BR Markets

• Aaj TV

• Aaj English

• Aaj Entertainment

• Articles & Letters

• Market Rates

• Cotton & Textiles

• Taxation

• Fuel & Energy

• Industries & Sectors

• Money & Banking

• Tenders & Inquiries

• Yarn Prices

• Paper

• Grains

• Pakistan

• World

• Sports

• Technology

2025 © Business Recorder. All Rights Reserved.

⇧