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Print - 2014-03-29
Goods cleared sans WHT: FBR verifying exemption certificates

Goods cleared sans WHT: FBR verifying exemption certificates

The Federal Board of Revenue is verifying authenticity of thousands of exemption certificates used for clearance of imported consignments without payment of withholding tax during July 1, 2013 - January 2014. The FBR issued instructions to field formation
Published 29 Mar, 2014 12:00am
Goods cleared sans WHT: FBR verifying exemption certificates

Goods cleared sans WHT: FBR verifying exemption certificates

The Federal Board of Revenue is verifying authenticity of thousands of exemption certificates used for clearance of imported consignments without payment of withholding tax during July 1, 2013 - January 2014. The FBR issued instructions to field formation
Published 29 Mar, 2014 12:00am
Goods cleared sans WHT: FBR verifying exemption certificates

Goods cleared sans WHT: FBR verifying exemption certificates

The Federal Board of Revenue is verifying authenticity of thousands of exemption certificates used for clearance of imported consignments without payment of withholding tax during July 1, 2013 - January 2014. The FBR issued instructions to field formation
Published 29 Mar, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (March 28, 2014).

Published 29 Mar, 2014 12:00am
Use of drones: UN HRC adopts Pakistan sponsored resolution

Use of drones: UN HRC adopts Pakistan sponsored resolution

The United Nation's Human Rights Council on Friday adopted a Pakistan sponsored resolution by an overwhelming majority on the use of armed drones. The resolution urges the member states to ensure that the use of armed drones comply with their obligations
Published 29 Mar, 2014 12:00am
Use of drones: UN HRC adopts Pakistan sponsored resolution

Use of drones: UN HRC adopts Pakistan sponsored resolution

The United Nation's Human Rights Council on Friday adopted a Pakistan sponsored resolution by an overwhelming majority on the use of armed drones. The resolution urges the member states to ensure that the use of armed drones comply with their obligations
Published 29 Mar, 2014 12:00am
Dar assures support to nuclear power generation projects

Dar assures support to nuclear power generation projects

Director General Strategic Plans Division (SPD) Lieutenant General Zubair Mehmood Hayat and Chairman Pakistan Atomic Energy Commission (PAEC) Ansar Pervez here on Friday called on the Minister for Finance Ishaq Dar. The Chairman PAEC briefed the Minister
Published 29 Mar, 2014 12:00am
UN to probe violence against women in UK

UN to probe violence against women in UK

The UN is sending a human rights expert to Britain for the first time to investigate violence against women, it was announced on Friday. Rashida Manjoo will visit Britain from March 31 to April 15 to "to study the main manifestations of violence perpetrat
Published 29 Mar, 2014 12:00am
BoI starts appointing HICs abroad

BoI starts appointing HICs abroad

The Board of Investment (BoI) has started appointing Honorary Investment Counsellors (HICs) abroad, who would work in co-ordination with the board to promote international trade and investment opportunities in Pakistan. The board in consultation with the
Published 29 Mar, 2014 12:00am
BoI starts appointing HICs abroad

BoI starts appointing HICs abroad

The Board of Investment (BoI) has started appointing Honorary Investment Counsellors (HICs) abroad, who would work in co-ordination with the board to promote international trade and investment opportunities in Pakistan. The board in consultation with the
Published 29 Mar, 2014 12:00am
BoI starts appointing HICs abroad

BoI starts appointing HICs abroad

The Board of Investment (BoI) has started appointing Honorary Investment Counsellors (HICs) abroad, who would work in co-ordination with the board to promote international trade and investment opportunities in Pakistan. The board in consultation with the
Published 29 Mar, 2014 12:00am
One dead in gun attack on Rumi

One dead in gun attack on Rumi

Unknown gunmen on Friday opened fire at the car of a prominent television anchor known for his outspoken views against the Taliban, killing his driver and injuring his bodyguard. Raza Rumi was returning home from the Express Television office when his car
Published 29 Mar, 2014 12:00am
Taliban attack on US charity guesthouse kills Afghan girl

Taliban attack on US charity guesthouse kills Afghan girl

Taliban militants on Friday attacked a Kabul guesthouse used by a US anti-landmine charity, killing one girl as gunfire and explosions rocked the Afghan capital one week before the presidential election. A terrified group of foreigners, including several
Published 29 Mar, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 28, 2014).

Published 29 Mar, 2014 12:00am
Taliban attack on US charity guesthouse kills Afghan girl

Taliban attack on US charity guesthouse kills Afghan girl

Taliban militants on Friday attacked a Kabul guesthouse used by a US anti-landmine charity, killing one girl as gunfire and explosions rocked the Afghan capital one week before the presidential election. A terrified group of foreigners, including several
Published 29 Mar, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 28, 2014).
Published 29 Mar, 2014 12:00am
Oil prices edge higher on geopolitical concerns

Oil prices edge higher on geopolitical concerns

Brent crude oil rose for a fourth straight session on Friday, notching its first weekly gain since February, on promising US economic data and concern that possible Western sanctions on Russia's energy sector could disrupt global supplies. The United Stat
Published 29 Mar, 2014 12:00am
Cotton rises one percent on strong US export sales

Cotton rises one percent on strong US export sales

Cotton futures rose 1 percent on Thursday on encouraging US export sales and tight physical supplies, rebounding from the previous session's sharp selloff after prices touched a two-year high. Investors bought cotton contracts after US weekly cotton expor
Published 29 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 28, 2014).

Published 29 Mar, 2014 12:00am
Rubber lower

Rubber lower

Tokyo rubber futures ended lower on Friday as a firm yen spurred selling, but steadier oil prices still lent support, dealers said. The Tokyo Commodity Exchange rubber contract for September delivery fell 3.4 yen to settle at 233.5 yen ($2.29) per kg. "Th
Published 29 Mar, 2014 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded June copper contract on the Shanghai Futures Exchange climbed 0.5 percent to 46,190 yuan ($7,400) a tonne on Friday as hopes for stimulus in top metals user China put it on target for its biggest weekly rise in six months. Worries about un
Published 29 Mar, 2014 12:00am
Aluminium up after Alcoa cuts, copper gains

Aluminium up after Alcoa cuts, copper gains

Aluminium climbed on Friday after US producer Alcoa cut more capacity from an over-supplied market while copper hit its highest level in 2-1/2 weeks as speculation gathered pace that China could step in to stimulate its economy. Three-month aluminium on t
Published 29 Mar, 2014 12:00am
Palm oil flat

Palm oil flat

Malaysian palm oil futures ended nearly flat on Friday, reversing gains earlier in the session to hover at six-week lows, as investor uncertainty about lacklustre demand for the tropical oil dragged prices to their third straight weekly loss. Malaysian pa
Published 29 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 28, 2014).

Published 29 Mar, 2014 12:00am
Cocoa swings higher

Cocoa swings higher

Cocoa futures closed firm on volatile chart-based dealings on Friday, as the market formed a potentially bullish indicator, while ICE arabica rose with any crop relief from rain in top grower Brazil's coffee belt seen as limited. Raw sugar on ICE Futures
Published 29 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 28, 2014).

Published 29 Mar, 2014 12:00am
Corn jumps

Corn jumps

US corn climbed 1.6 percent to its highest in nearly three weeks on Thursday, lifted by large export sales, while wheat futures also rose as grain prices rebounded after two sessions of declines. Soyabean futures edged lower at the Chicago Board of Trade,
Published 29 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 28, 2014).

Published 29 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 29 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 29 Mar, 2014 12:00am
Gold drops in New York

Gold drops in New York

Gold dropped about 1 percent on Thursday, breaking below $1,300 an ounce for the first time since mid-February, as encouraging US economic growth in the fourth quarter diminished the metal's appeal as a hedge. Spot gold was down 0.9 percent at $1,291.56 a
Published 29 Mar, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Mar, 2014 12:00am
Gold recovers in Asia

Gold recovers in Asia

Gold recovered slightly on Friday after sharp overnight declines but the metal remained near six-week lows and on track for a second straight weekly decline, as improving sentiment over the US economic outlook dented its safe-haven appeal. Spot gold was u
Published 29 Mar, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Mar, 2014 12:00am
Gold down in Europe

Gold down in Europe

Gold fell briefly to fresh six-week lows under $1,300 an ounce on Friday, on track for a second straight weekly decline as an improving US economic outlook lifted the dollar and bolstered appetite for risk. Bullion has dropped about $100 an ounce from a s
Published 29 Mar, 2014 12:00am
US MIDDAY: wheat eases

US MIDDAY: wheat eases

US wheat futures fell 2.2 percent on Friday as investors awaited key US planting and stocks data but stayed on course for a small weekly rise as the market worried about dry weather in the US Plains. Corn and soyabeans inched higher in subdued trading in
Published 29 Mar, 2014 12:00am
BRIDGE NOTES: Fight to the very end

BRIDGE NOTES: Fight to the very end

Bridge is a game where your skill as a player is tested almost on every deal that is a bit challenging. Most of the deals are routine. Some have a bit of a problem with an adverse opening lead. At times you feel pinched when the defense is extraordinarily
Published 29 Mar, 2014 12:00am
US MIDDAY: gold bounces from six-week lows

US MIDDAY: gold bounces from six-week lows

Gold turned higher after touching six-week lows under $1,300 an ounce on Friday, but marked its second straight weekly decline as an improving US economic outlook lifted the dollar and bolstered appetite for risk. Bullion has been volatile and has dropped
Published 29 Mar, 2014 12:00am
Oscars red carpet: a runway of sharp elbows and high fashion stakes

Oscars red carpet: a runway of sharp elbows and high fashion stakes

When Jennifer Lawrence tripped on her way to accept her best actress Oscar last year, her blush pink princess-like Dior Haute Couture gown was captured in all its glory as the unscripted moment made ripples around the world. That bonus air-time for a sing
Published 29 Mar, 2014 12:00am
BRIndex30 sheds 115.33 points

BRIndex30 sheds 115.33 points

On Friday, BRIndex30 opened at 16,479.54. It touched an intraday high of 16,567.76 and an intraday low of 16,351.40 and closed at 16,364.21 which was -115.33 points or -0.7 percent lower than previous close. Total volume was 94,982,800, which was 55.62 pe
Published 29 Mar, 2014 12:00am
As luxury market slows, accessories lead the way

As luxury market slows, accessories lead the way

With sales in the global luxury sector starting to slow, Italian shoes and handbags stand out as powerful growth engines as the middle classes in emerging economies indulge the urge to accessorise. Companies like Casadei and Furla, which showed off their
Published 29 Mar, 2014 12:00am
BRIndex30 sheds 115.33 points

BRIndex30 sheds 115.33 points

On Friday, BRIndex30 opened at 16,479.54. It touched an intraday high of 16,567.76 and an intraday low of 16,351.40 and closed at 16,364.21 which was -115.33 points or -0.7 percent lower than previous close. Total volume was 94,982,800, which was 55.62 pe
Published 29 Mar, 2014 12:00am
Oscars win caps Blanchett's triumphant film return

Oscars win caps Blanchett's triumphant film return

It took Woody Allen to lure Australian star Cate Blanchett back to the silver screen, but her Oscar-winning turn as a disgraced New York socialite initially left the legendary director cold. Blanchett, 44, earlier this month took home the best actress Osc
Published 29 Mar, 2014 12:00am
Bluechips lead decline

Bluechips lead decline

After gaining some 775 points in last three sessions, profit-taking dragged the equities into the negative zone on the last working day of the week Friday. The index lost 49.36 points to close 27,116 points down from 27,166 points Thursday. Ahsan Mehanti,
Published 29 Mar, 2014 12:00am
Crocodiles can climb trees

Crocodiles can climb trees

Most people entering crocodile territory keep a wary eye out on water and land, but research suggests they need to look up. Though the reptiles lack obvious physical features to suggest this is possible, crocodiles in fact climb trees all the way to the c
Published 29 Mar, 2014 12:00am
Bluechips lead decline

Bluechips lead decline

After gaining some 775 points in last three sessions, profit-taking dragged the equities into the negative zone on the last working day of the week Friday. The index lost 49.36 points to close 27,116 points down from 27,166 points Thursday. Ahsan Mehanti,
Published 29 Mar, 2014 12:00am
Promptly remove unused apps from your smartphone

Promptly remove unused apps from your smartphone

It's not hard for them to pile up. Here's the game you downloaded once when you were bored. There's the office assistant that didn't work as well as you hoped. Before you know it, you've got a smartphone full of apps you never use. Get rid of them immedia
Published 29 Mar, 2014 12:00am
Bluechips lead decline

Bluechips lead decline

After gaining some 775 points in last three sessions, profit-taking dragged the equities into the negative zone on the last working day of the week Friday. The index lost 49.36 points to close 27,116 points down from 27,166 points Thursday. Ahsan Mehanti,
Published 29 Mar, 2014 12:00am
Just because it's gone doesn't mean it's gone: delete data properly

Just because it's gone doesn't mean it's gone: delete data properly

If you delete something on your computer, don't assume it's gone. Even emptying the wastebasket or recycling bin of a computer does little more than remove the path to the file and clear the space it uses for being written over. But until that happens, th
Published 29 Mar, 2014 12:00am
Dasu hydropower project: Rs 486 billion approved by Ecnec

Dasu hydropower project: Rs 486 billion approved by Ecnec

The Executive Committee of the National Economic Council (Ecnec) has approved Rs 486 billion for construction of Dasu hydro power project (stage-I) with a foreign exchange component of Rs 218 billion. The meeting chaired by Finance Minister Ishaq Dar subm
Published 29 Mar, 2014 12:00am
Literature fair fared well despite challenges

Literature fair fared well despite challenges

Amina Saiyid, Managing Director of Oxford University Press and on the Board of Trustees of the newly established Mahomed Ali Habib University, did it once again, drawing mammoth crowds to the English Literature Festival on the three consecutive days, name
Published 29 Mar, 2014 12:00am
Dasu hydropower project: Rs 486 billion approved by Ecnec

Dasu hydropower project: Rs 486 billion approved by Ecnec

The Executive Committee of the National Economic Council (Ecnec) has approved Rs 486 billion for construction of Dasu hydro power project (stage-I) with a foreign exchange component of Rs 218 billion. The meeting chaired by Finance Minister Ishaq Dar subm
Published 29 Mar, 2014 12:00am
Dasu hydropower project: Rs 486 billion approved by Ecnec

Dasu hydropower project: Rs 486 billion approved by Ecnec

The Executive Committee of the National Economic Council (Ecnec) has approved Rs 486 billion for construction of Dasu hydro power project (stage-I) with a foreign exchange component of Rs 218 billion. The meeting chaired by Finance Minister Ishaq Dar subm
Published 29 Mar, 2014 12:00am
ART FACTS: Glimpses of Spring

ART FACTS: Glimpses of Spring

A recent group show at Unicorn Gallery, Karachi gives an opportunity to the art lovers to witness nature's beauty through senior artist's landscape paintings. The exhibition is a tribute to the beauty of nature. All artworks are fascinating and exhilarati
Published 29 Mar, 2014 12:00am
'Non-combatant' Taliban: scrutiny of list begins

'Non-combatant' Taliban: scrutiny of list begins

The federal government has started the scrutiny of a list of 'non-combatant' Taliban detainees provided by the Taliban and sought further details for their possible release as a step forward towards further confidence-building measures to ensure the conti
Published 29 Mar, 2014 12:00am
KARACHI CHRONICLE: Tragedy at historic highway

KARACHI CHRONICLE: Tragedy at historic highway

A metalled but badly battered road from the Iranian border to Karachi does bring to one's mind the remains of a people-friendly Regional Co-operation for Development (RCD) between Turkey, Iran and Pakistan. Karachiites were especially excited when this hi
Published 29 Mar, 2014 12:00am
'Non-combatant' Taliban: scrutiny of list begins

'Non-combatant' Taliban: scrutiny of list begins

The federal government has started the scrutiny of a list of 'non-combatant' Taliban detainees provided by the Taliban and sought further details for their possible release as a step forward towards further confidence-building measures to ensure the conti
Published 29 Mar, 2014 12:00am
Broadcast Brilliance

Broadcast Brilliance

Business Recorder: What are your expectations from Aaj News as a TV partner? Are they involved in your editorial decisions?
Published 29 Mar, 2014 12:00am
Revised estimates: inflation to be in 8.5 to 9.5 percent range

Revised estimates: inflation to be in 8.5 to 9.5 percent range

The State Bank of Pakistan on Friday projected that average inflation to be in the range of 8.5 to 9.5 percent in FY14. SBP in its first quarterly report, issued on February 28, 2014, was expecting CPI inflation in double digit (10-11 percent) end of this
Published 29 Mar, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Friday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3,900 million. Number of lots traded were reported at 13,497 and PMEX Commodity Index closed at 3,022. Major business was contributed by crude oil amounting to PKR 2,564 million, follow
Published 29 Mar, 2014 12:00am
Revised estimates: inflation to be in 8.5 to 9.5 percent range

Revised estimates: inflation to be in 8.5 to 9.5 percent range

The State Bank of Pakistan on Friday projected that average inflation to be in the range of 8.5 to 9.5 percent in FY14. SBP in its first quarterly report, issued on February 28, 2014, was expecting CPI inflation in double digit (10-11 percent) end of this
Published 29 Mar, 2014 12:00am
Indian oilseeds, soyaoil futures rise

Indian oilseeds, soyaoil futures rise

Indian oilseeds and soyaoil futures rose on thin supplies of soyabeans and a drop in edible oil imports in February. Futures are likely to tread water on Thursday as rapeseed supplies from the new season crop are expected to rise in the coming weeks. The
Published 29 Mar, 2014 12:00am
Revised estimates: inflation to be in 8.5 to 9.5 percent range

Revised estimates: inflation to be in 8.5 to 9.5 percent range

The State Bank of Pakistan on Friday projected that average inflation to be in the range of 8.5 to 9.5 percent in FY14. SBP in its first quarterly report, issued on February 28, 2014, was expecting CPI inflation in double digit (10-11 percent) end of this
Published 29 Mar, 2014 12:00am
US Midwest corn, soya bids mostly steady

US Midwest corn, soya bids mostly steady

Corn and soyabean cash basis bids held mostly steady around the US Midwest on Thursday, supported by seasonally light farmer sales and expectations for reduced deliveries during the approaching spring planting season, grain merchants said. Cash corn price
Published 29 Mar, 2014 12:00am
Revised estimates: inflation to be in 8.5 to 9.5 percent range

Revised estimates: inflation to be in 8.5 to 9.5 percent range

The State Bank of Pakistan on Friday projected that average inflation to be in the range of 8.5 to 9.5 percent in FY14. SBP in its first quarterly report, issued on February 28, 2014, was expecting CPI inflation in double digit (10-11 percent) end of this
Published 29 Mar, 2014 12:00am
EU wheat pushed down by fall in US prices

EU wheat pushed down by fall in US prices

European wheat prices fell on Wednesday, pushed down by a drop in US markets but in thin trade ahead of major US government spring grain sowing and grain inventory reports next week. May milling wheat on the Paris-based Euronext market was down 2 euros or
Published 29 Mar, 2014 12:00am
Revised estimates: inflation to be in 8.5 to 9.5 percent range

Revised estimates: inflation to be in 8.5 to 9.5 percent range

The State Bank of Pakistan on Friday projected that average inflation to be in the range of 8.5 to 9.5 percent in FY14. SBP in its first quarterly report, issued on February 28, 2014, was expecting CPI inflation in double digit (10-11 percent) end of this
Published 29 Mar, 2014 12:00am
CBOT wheat futures end higher

CBOT wheat futures end higher

Wheat futures on the Chicago Board of Trade closed higher Thursday on technical buying and concerns about dry conditions in the US Plains as the hard red winter wheat crop exits dormancy, traders said. Benchmark CBOT May wheat traded lower overnight but t
Published 29 Mar, 2014 12:00am
H1 fiscal year 2014: fiscal deficit fell to four-year low

H1 fiscal year 2014: fiscal deficit fell to four-year low

Fiscal deficit fell to a four-year low of 2.1 percent during the first half of this fiscal year (FY14). According to SBP''''s Second Quarterly Report for FY14 on the State of Economy, this was lower than the average deficit in the preceding four years as
Published 29 Mar, 2014 12:00am
Ivory Coast to seize undeclared cocoa stocks at season's end

Ivory Coast to seize undeclared cocoa stocks at season's end

Ivory Coast plans to seize all undeclared cocoa stocks at the end of the marketing season in September in order to keep operators from withholding beans and causing shortages at the ports, the country's marketing board, the CCC, said on Thursday.
Published 29 Mar, 2014 12:00am
H1 fiscal year 2014: fiscal deficit fell to four-year low

H1 fiscal year 2014: fiscal deficit fell to four-year low

Fiscal deficit fell to a four-year low of 2.1 percent during the first half of this fiscal year (FY14). According to SBP''s Second Quarterly Report for FY14 on the State of Economy, this was lower than the average deficit in the preceding four years as 4
Published 29 Mar, 2014 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 188,106 tonnes of cargo comprising 139,255 tonnes of import cargo and 48,851 tonnes of export cargo including 5,811 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 29 Mar, 2014 12:00am
H1 fiscal year 2014: fiscal deficit fell to four-year low

H1 fiscal year 2014: fiscal deficit fell to four-year low

Fiscal deficit fell to a four-year low of 2.1 percent during the first half of this fiscal year (FY14). According to SBP's Second Quarterly Report for FY14 on the State of Economy, this was lower than the average deficit in the preceding four years as 4 y
Published 29 Mar, 2014 12:00am