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Apr 08, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-04-03
Iraq attacks kill 14 as UN warns of 'divisive' polls

Iraq attacks kill 14 as UN warns of 'divisive' polls

Attacks against security forces killed 14 people Wednesday as the UN's envoy to Iraq warned that the country's election campaign would be "highly divisive" amid a year-long surge in bloodshed. The attacks came on the second day of campaigning for April 30
Published 03 Apr, 2014 12:00am
JCR-VIS upgrades entity ratings of HPL

JCR-VIS upgrades entity ratings of HPL

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has upgraded the entity ratings of Hascol Petroleum Limited (HPL) from 'A-/A-2' (Single A Minus/A-Two) to 'A+/A-1' (Single A Plus/A-One). Outlook on the assigned ratings is 'Stable'. The rating action takes into
Published 03 Apr, 2014 12:00am
JCR-VIS upgrades entity ratings of HPL

JCR-VIS upgrades entity ratings of HPL

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has upgraded the entity ratings of Hascol Petroleum Limited (HPL) from 'A-/A-2' (Single A Minus/A-Two) to 'A+/A-1' (Single A Plus/A-One). Outlook on the assigned ratings is 'Stable'. The rating action takes into
Published 03 Apr, 2014 12:00am
LCCI greets LTB new members

LCCI greets LTB new members

The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday felicitated the newly elected office-bearers of the Lahore Tax Bar (LTB), Ayesha Qazi, Vice President Noman Yahya, Secretary General Monam Sultan, Finance Secretary Shakeel Basra and Joint Se
Published 03 Apr, 2014 12:00am
Hindu community demands protection of lives, temples, properties

Hindu community demands protection of lives, temples, properties

All Hindu Rights Organisation of Pakistan and Hindu Welfare Panchayat Pakistan have sought the protection of their temples, properties and lives and also demanded the resignation of Chief Minister Sindh. Speaking a press conference at Hyderabad Press Club
Published 03 Apr, 2014 12:00am
Three killed in Quetta car firing

Three killed in Quetta car firing

At least three persons were killed and two women injured in a firing incident in the Satellite Town area of Quetta on Wednesday. Imran Qureshi, the Superintendent of Police, said that the armed militants riding on a motorcycle opened fire at a car and kil
Published 03 Apr, 2014 12:00am
Rangers produce two suspects before ATC-II

Rangers produce two suspects before ATC-II

Pakistan Rangers on Wednesday produced two suspects, Mohammad Akram and Shoaib, said to be affiliated with a political party, before the ATC-II Judge amid tight security. The paramilitary force had information about their alleged involvement in targeted k
Published 03 Apr, 2014 12:00am
Samsung to launch range of LED lamp solutions

Samsung to launch range of LED lamp solutions

Samsung Electronics Co, Ltd recently announced that it will launch a range of LED lamp solutions at Light + Building 2014, the world's leading trade fair for architecture and technology, taking place in Frankfurt, Germany from 30 March to 4 April 2014. Th
Published 03 Apr, 2014 12:00am
Experts urge government to review Fata's constitutional status

Experts urge government to review Fata's constitutional status

Since its inception, Pakistan executed the British era policies, which had never helped the former colonial power to reap goals in the tribal areas, caused centrifugal implications for the country, said policy experts here on Wednesday The British rule in
Published 03 Apr, 2014 12:00am
TDAP to boost exports of gold jewellery: Muneer

TDAP to boost exports of gold jewellery: Muneer

A delegation of All Pakistan Gems & Jewellery Association called on S.M. Muneer, Chief Executive, Trade Development Authority of Pakistan (TDAP) on Wednesday. Habib-ur-Rehman, Chairman of the association congratulated S.M. Muneer for assuming the charge o
Published 03 Apr, 2014 12:00am
HBL Asset Management approves 9th interim dividend

HBL Asset Management approves 9th interim dividend

HBL Asset Management Limited approves 9th Interim dividend for HBL Money Market Fund and HBL Islamic Money Market Fund for the year ending June 30, 2014 The Chief Executive, under the authority of the Board of Directors of HBL Asset Management Limited, ha
Published 03 Apr, 2014 12:00am
HBL Asset Management approves 9th interim dividend

HBL Asset Management approves 9th interim dividend

HBL Asset Management Limited approves 9th Interim dividend for HBL Money Market Fund and HBL Islamic Money Market Fund for the year ending June 30, 2014 The Chief Executive, under the authority of the Board of Directors of HBL Asset Management Limited, ha
Published 03 Apr, 2014 12:00am
Zardari condoles

Zardari condoles

Former President Asif Ali Zardari has condoled the death of Justice Mamoon Qazi who passed away on Wednesday in Karachi. In a message former President said that Justice Mamoon Qazi was a much respected judge whose death will be mourned for a long time and
Published 03 Apr, 2014 12:00am
Burj Bank - The small Islamic bank attracting attention

Burj Bank - The small Islamic bank attracting attention

The year 2013 proved to be a challenging year for Burj Bank Limited. The discount rate environment, with a 250 bps drop during CY2012, had reduced spreads for the entire banking sector, while the economic situation impacted businesses negatively resulting
Published 03 Apr, 2014 12:00am
KWSB plans to increase water tariff

KWSB plans to increase water tariff

Karachi Water and Sewerage Board (KWSB) is planning to increase its tariff to meet running expenditures, said Managing Director, KWSB Qutabuddin Sheikh. Speaking at a meeting convened by Association of Builders and Developers of Pakistan at ABAD House on
Published 03 Apr, 2014 12:00am
Four new planes to be inducted in PIA: Punjab Governor

Four new planes to be inducted in PIA: Punjab Governor

Punjab Governor Chaudhry Muhammad Sarwar has said that the federal government is taking steps to induct latest aeroplanes in Pakistan International Airlines (PIA), which will help in making the national carrier a profitable organisation. He expressed thes
Published 03 Apr, 2014 12:00am
Khyber Pakhtunkhwa IGP transfers DPO, suspends SDPO, SHO

Khyber Pakhtunkhwa IGP transfers DPO, suspends SDPO, SHO

The Inspector General of Police (IGP) Khyber-Pakhtunkhwa Nasir Khan Durrani transferred DPO Dera Ismail Khan and suspended SDPO Pharpur and SHO Pharpur with immediate effect on poor performance in controlling crimes. According to the details, for the last
Published 03 Apr, 2014 12:00am
'Pending ST refunds of few exporters cross Rs one billion mark'

'Pending ST refunds of few exporters cross Rs one billion mark'

A top Lahore-based exporter has disclosed that the pending sales tax refunds of few export companies have crossed Rs 1 billion in 2013-14 and business community would forcefully voice its concern at all appropriate forums, including Federal Board of reven
Published 03 Apr, 2014 12:00am
UNHCR's refugee programme Japan announces $6 million funds

UNHCR's refugee programme Japan announces $6 million funds

The Government of Japan has announced a generous contribution of US $6 million in support of the UNHCR's refugee programme in Pakistan. The new funding will bolster UNHCR's interventions in the areas of education, healthcare and the provision of legal ass
Published 03 Apr, 2014 12:00am
Khyber Pakhtunkhwa to adopt strategy to eradicate polio, dengue: Tarakai

Khyber Pakhtunkhwa to adopt strategy to eradicate polio, dengue: Tarakai

Khyber Pakhtunkhwa Minister for Health, Shahram Khan Tarakai has said the result oriented initiatives are being taken to provide best health services to the people adding that a comprehensive strategy would also be adopted to eradicate deadly diseases inc
Published 03 Apr, 2014 12:00am
'Khawaja Fareed hospital to be modernised'

'Khawaja Fareed hospital to be modernised'

"Punjab Chief Minister Shahbaz Sharif has assured that Khawaja Fareed Social Security Hospital Multan would be modernised and all advance equipment for CT scan, angiography, MRI would be provided to facilitate the industrial workers." It was stated by the
Published 03 Apr, 2014 12:00am
Protection of autistic children: president calls for effective mechanism

Protection of autistic children: president calls for effective mechanism

President Mamnoon Hussain on Wednesday called for putting in place a strong and robust mechanism in the society that offers full protection to persons and children with special needs. Addressing a ceremony to mark the World Autism Day at the Aiwan-e-Sadr,
Published 03 Apr, 2014 12:00am
Employees' termination creates panic in PRAL

Employees' termination creates panic in PRAL

The Federal Board of Revenue (FBR) Member Information Technology has so far terminated over 30 employees of Pakistan Revenue Automation Limited (PRAL) working on contract, which forced other contractual employees to obtain stay orders from Lahore High Cou
Published 03 Apr, 2014 12:00am
PEF to distribute free text books

PEF to distribute free text books

The Punjab Education Foundation (PEF) has announced to start two-day activity of distributing free text books in private schools under the scheme of free school education called Foundation Assisted School (FAS) in 12 different districts including Lahore f
Published 03 Apr, 2014 12:00am
IDEAS 2014 to commence from December 1

IDEAS 2014 to commence from December 1

The 8th International Defence Exhibition and Seminar (IDEAS) 2014 is scheduled from December 1 to 4, at Expo Centre Karachi. IDEAS 2014 is a manifestation of Pakistan's indigenous defence production capabilities, aimed at utilising its export potential. I
Published 03 Apr, 2014 12:00am
ATC extends remand of four suspects to CID police

ATC extends remand of four suspects to CID police

Anti-Terrorism Court-II (ATC-II) on Wednesday extended the remand of four activists of a banned outfit Lahskar-e- Jhangvi to CID police custody till 4th April 2014 in a case pertaining to the possession of explosive material and illegal weapons. Four susp
Published 03 Apr, 2014 12:00am
Hundreds of peasants rally for basic rights

Hundreds of peasants rally for basic rights

Hundreds of peasants including women and men from various parts of Umerkot district on Wednesday staged a rally for their livelihood and basic rights. District Umerkot comprises of both deserted and irrigated areas and people in the entire district are su
Published 03 Apr, 2014 12:00am
Sindh government to ensure security of journalists

Sindh government to ensure security of journalists

Sindh government has directed its security officers to take immediate steps to ensure security of journalists in the province, as desired by the Press Council of Pakistan. The Sindh government issued this directive after it was conveyed the resolution of
Published 03 Apr, 2014 12:00am
Four killed in incidents of violence

Four killed in incidents of violence

Fourpersons were killed while a body was found in different incidents of violence on Wednesday in metropolis. According to police and rescue sources, two persons were killed by unknown gunmen in Ghazi Goth, Mangopir in the jurisdictions of Mangopir police
Published 03 Apr, 2014 12:00am
Huawei to launch two new handsets in Pakistan

Huawei to launch two new handsets in Pakistan

Huawei is to launch two new handsets in first week of April in Pakistan. The Ascend G730 and Ascend Y530 will be available at Huawei's retails outlets across the country. The new, simple and stylish phones will be available from the first week of April th
Published 03 Apr, 2014 12:00am
Cigarettes Implementation of 'Codentify' put on hold

Cigarettes Implementation of 'Codentify' put on hold

The Federal Board of Revenue has held in abeyance the decision to implement highly complicated digital coding and tracking system, ie, 'Codentify' on cigarettes, a proposal floated by a multinational cigarette manufacturing company. Sources told Busine
Published 03 Apr, 2014 12:00am
PTCL signs agreement with TCS

PTCL signs agreement with TCS

Pakistan Telecommunication Company Limited (PTCL) has inked an agreement with TCS Express and Logistics for sale of PTCL products utilising the large network of TCS retail outlets in Pakistan.
Published 03 Apr, 2014 12:00am
Kidnapping of man: SHC issues notice to SP AVC, CIA

Kidnapping of man: SHC issues notice to SP AVC, CIA

Expressing extreme annoyance over inaction of Karachi police to trace out a person kidnapped by criminals, the Sindh High Court (SHC) on Wednesday issued notice to SP Anti-Violent Crime Cell and Crime Investigation Agency (CIA) to appear before it and inf
Published 03 Apr, 2014 12:00am
Treason case: SCBA accuses government of creating hype

Treason case: SCBA accuses government of creating hype

The legal fraternity Wednesday hinted at filing a contempt petition in the Supreme Court against the incumbent Pakistan Muslim League-Nawaz (PML-N) government in case it permits former army chief and President Pervez Musharraf to fly abroad. While talking
Published 03 Apr, 2014 12:00am
Syed Mohammad Javed posted as MD Khyber Pakhtunkhwa PRA

Syed Mohammad Javed posted as MD Khyber Pakhtunkhwa PRA

Syed Mohammad Javed recently repatriated BS-20 officer from federal government has been posted as Managing Director (MD), Khyber Pakhtunkhwa Procurement Regulatory Authority (KP PRA) Finance Department on deputation basis in a mild reshuffle in the provin
Published 03 Apr, 2014 12:00am
Pakistani honoured with prestigious US award

Pakistani honoured with prestigious US award

Pakistan's Ahmad Shafiq, who is Chief Executive Officer of College of Tourism and Hotel Management (COTHM), has been honoured with a prestigious American award for being an outstanding educator and leader in hospitality training and education.
Published 03 Apr, 2014 12:00am
Ziarat Residency to be unveiled on August 14

Ziarat Residency to be unveiled on August 14

Balochistan Chief Secretary said Quaid-e-Azam Muhammad Ali Jinnah's Ziarat Residency will be unveiled to the nation on August 14 in a grand ceremony. The Zairat Residency was destroyed by militants in June, 2013 following which the provincial government p
Published 03 Apr, 2014 12:00am
UK National Security Advisor calls on CoAS

UK National Security Advisor calls on CoAS

Sir Kim Darroch, National Security Advisor of United Kingdom (UK) and General Sir Nicholas Houghton, Chief of Defence Staff British Armed Forces called on General Raheel Sharif, Chief of Army Staff (CoAS) at General Headquarters here on Wednesday.
Published 03 Apr, 2014 12:00am
Missing person: petition disposed of

Missing person: petition disposed of

The Islamabad High Court (IHC) on Wednesday disposed of a petition with directions to the Commission of Inquiry on Missing Persons to expedite the inquiry in a missing person's case. A single judge bench of Justice Riaz Ahmed Khan resumed the hearing of a
Published 03 Apr, 2014 12:00am
Khyber Pakhtunkhwa government ready to hold LG polls on 30th: Khattak

Khyber Pakhtunkhwa government ready to hold LG polls on 30th: Khattak

Chief Minister of Khyber Pakhtunkhwa Pervez Khattak said on Wednesday the province was all set to hold local bodies' elections on April 30. Talking to media after attending party's core committee meeting, he said the core committee urged the KP government
Published 03 Apr, 2014 12:00am
Iranian POL products: import policy decision required to check smuggling

Iranian POL products: import policy decision required to check smuggling

A tax policy decision is required to control smuggling of Iranian petroleum products by allowing legal import of diesel by private companies/persons or its import after quota restriction, as per need of Balochistan province through amendments to Import Po
Published 03 Apr, 2014 12:00am
Nisar appreciates FC role in fight against militancy

Nisar appreciates FC role in fight against militancy

Federal Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan has appreciated the role played by the Frontier Corps in its fight against militancy and assured that government will continue to provide all necessary resources to the force enab
Published 03 Apr, 2014 12:00am
Kamran Michael to visit Belgium

Kamran Michael to visit Belgium

Federal Minister for Ports and Shipping Kamran Michael has been formally invited by the CEO of Port Zee Bruges and M D of Port of Ghent and he will visit Belgian ports this month, says a press release issued here on Wednesday. On the request of ports and
Published 03 Apr, 2014 12:00am
Kohinoor Mills Limited

Kohinoor Mills Limited

Kohinoor Mills Limited (KML) is one of the most evolving and profitable textile organisations in Pakistan. Incorporated in 1987 as a small weaving mill, today Kohinoor Mills has an annual turnover of over Rs 8 billion, and employs over 1,400 employees. It
Published 03 Apr, 2014 12:00am
Kohinoor Mills Limited

Kohinoor Mills Limited

Kohinoor Mills Limited (KML) is one of the most evolving and profitable textile organisations in Pakistan. Incorporated in 1987 as a small weaving mill, today Kohinoor Mills has an annual turnover of over Rs 8 billion, and employs over 1,400 employees. It
Published 03 Apr, 2014 12:00am
US MIDDAY: wheat, corn and soyabeans tumble

US MIDDAY: wheat, corn and soyabeans tumble

US grain and soya futures fell sharply on Wednesday, with corn and soyabeans setting back from multi-month highs, on a round of profit taking following rallies earlier in the week. "The market is taking a breather," said Dewey Strickler, president of Ag W
Published 03 Apr, 2014 12:00am
First China cotton auction

First China cotton auction

The first auction of raw cotton by China's state stockpiler since cutting its minimum bidding price met with strong demand on Tuesday, with appetite at future sales expected to stay robust as the country looks to offload its massive reserves. A successful
Published 03 Apr, 2014 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose around one percent on Wednesday, recouping some strength after two days of losses as investors remained jittery ahead of US jobs data that should help gauge the strength of the world's biggest economy. Spot gold rose 1 percent to $1,291.80 an ou
Published 03 Apr, 2014 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold steadied on Wednesday after two days of losses but the precious metal remained near its lowest in seven weeks as strong US factory data boosted optimism about economic growth, diminishing bullion's safe-haven appeal. Spot gold edged up 0.4 percent to
Published 03 Apr, 2014 12:00am
Gold falls in New York

Gold falls in New York

Gold fell to a seven-week low on Tuesday after firm US manufacturing data lifted US equities, but strong physical demand from Asia was expected to underpin prices. Bullion came under pressure after data showed US factory activity rose in March, with produ
Published 03 Apr, 2014 12:00am
Coffee prices seesaw

Coffee prices seesaw

Arabica coffee futures on ICE were lower on Wednesday, in a heavily-traded session that spanned a wide 10-cent range as day traders tested chart-based levels on both sides of unchanged. Raw sugar on ICE Futures US and white sugar on Liffe fell for the thi
Published 03 Apr, 2014 12:00am
Palm oil up

Palm oil up

Malaysian palm oil futures ended higher for the first time this week on Wednesday, following strong gains in overseas soyoil markets with investors pinning hopes that tighter supplies of competing oilseeds would drive demand to palm. Tight supplies of soy
Published 03 Apr, 2014 12:00am
Soya and corn extend rally

Soya and corn extend rally

US soyabean futures rose 1.4 percent on Tuesday, with old-crop months hitting fresh contract highs on follow-through buying after a government report confirmed that the tight domestic supply situation is likely to persist until harvest. "The US Agricultur
Published 03 Apr, 2014 12:00am
Rubber drops

Rubber drops

Tokyo rubber futures dropped more than 3 percent on Wednesday to the lowest in three weeks due to profit-taking, while falling Shanghai rubber futures added pressure on TOCOM, dealers said. The Tokyo Commodity Exchange rubber contract for September delive
Published 03 Apr, 2014 12:00am
Brent crude loses over $1 as Libya port deal nears

Brent crude loses over $1 as Libya port deal nears

Brent oil fell by nearly $1 to its lowest price in almost five months on Wednesday, pulling US crude lower with it, on expectations that rebel-held Libyan ports will reopen within days. Crude prices on both sides of the Atlantic had tumbled nearly 2 perce
Published 03 Apr, 2014 12:00am
Copper hits more than three-week high

Copper hits more than three-week high

Copper rose to its highest in more than three weeks on Wednesday after a powerful earthquake off the coast of top miner Chile triggered a tsunami alert, raising concerns about supply. Copper prices jumped 1 percent on reports of the major earthquake near
Published 03 Apr, 2014 12:00am
Shanghai copper gains

Shanghai copper gains

The most-traded July copper contract on the Shanghai Futures Exchange also gained more than 1 percent before finishing the session at 46,790 yuan ($7,500) a tonne on Wednesday after a powerful earthquake off the coast of top mine supplier Chile triggered
Published 03 Apr, 2014 12:00am
Cotton futures tumble on worries over excess supplies

Cotton futures tumble on worries over excess supplies

Cotton futures sank on Tuesday as traders worried about increasing supplies in the United States, the world's top exporter, and waning demand. The most-active May cotton contract on ICE Futures US settled down 1.45 cents, or 1.6 percent, at 92.07 cents a
Published 03 Apr, 2014 12:00am
US court removes limits on overall campaign donations

US court removes limits on overall campaign donations

The US Supreme Court on Wednesday removed the overall limit on contributions a donor can make to political candidates, a move that could open the floodgates to campaign funding by rich individuals. The move was immediately hailed by Republicans, who are g
Published 03 Apr, 2014 12:00am
US senator accuses GM of 'culture of cover-up' in recalls

US senator accuses GM of 'culture of cover-up' in recalls

General Motors Co came under withering attack for its decade-long failure to notify the public about defective parts linked to fatal crashes, as a US Senate hearing opened on Wednesday with accusations that the company fostered "a culture of cover-up." De
Published 03 Apr, 2014 12:00am
Masimov returns as Kazakh Prime Minister to face economic crisis

Masimov returns as Kazakh Prime Minister to face economic crisis

Kazakh President Nursultan Nazarbayev appointed Karim Masimov as his new prime minister on Wednesday, describing him as well-equipped to work with global finance and attract foreign investment in difficult times. Nazarbayev said he was worried because the
Published 03 Apr, 2014 12:00am
Scientists date Moon at 4.470 billion years

Scientists date Moon at 4.470 billion years

The Moon was formed about 95 million years after the birth of our Solar System, in a collision that also settled the structure of Earth as we know it, according to the latest attempt at dating that impact. A study in the journal Nature said the crash betw
Published 03 Apr, 2014 12:00am
Ukraine moves to grant more power to regions

Ukraine moves to grant more power to regions

Crisis-hit Ukraine took the first step Wednesday toward granting more powers to the regions in line with Western wishes but stopped well short of creating the federation sought by Russia. The Western-backed team unveiled its high-stakes plan under the dua
Published 03 Apr, 2014 12:00am
France, Germany unveil new partnership at EU-Africa summit

France, Germany unveil new partnership at EU-Africa summit

African and European leaders held crisis talks Wednesday on the "terrifying" violence in the Central African Republic, where peacekeepers have been unable to stop a deadly spiral of Christian-Muslim strife. As some 80 leaders from the two continents kicke
Published 03 Apr, 2014 12:00am
Chileans return to homes after huge quake kills six

Chileans return to homes after huge quake kills six

Thousands of Chileans returned to their homes on Wednesday after spending the night on the hills following a powerful 8.2-magnitude earthquake that killed six people and sparked tsunami alerts. The huge quake in the north of the major mining country sent
Published 03 Apr, 2014 12:00am
Sri Lanka labels foreign Tamil groups as 'terror' networks

Sri Lanka labels foreign Tamil groups as 'terror' networks

Sri Lanka has designated 15 foreign organisations run by ethnic Tamils as "terrorist groups", accusing them of trying to revive a separatist war which ended in 2009, an official said Wednesday. The government suspects the groups of being linked to the sep
Published 03 Apr, 2014 12:00am
Assad says Russia 're-establishing multipolar world'

Assad says Russia 're-establishing multipolar world'

Syrian President Bashar al-Assad said Wednesday that key ally Moscow had helped re-establish "a multipolar world", as he met with a high-level Russian delegation in Damascus. The delegation was delivering a message from Russian President Vladimir Putin, w
Published 03 Apr, 2014 12:00am
Ukraine's March grain exports rise

Ukraine's March grain exports rise

Ukraine's grain exports reached 2.98 million tonnes in March compared with 2.82 million tonnes in February, the agriculture ministry said on Tuesday. The ministry's data showed that shipments of maize rose to 2.6 million tonnes last month from 2.33 millio
Published 03 Apr, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Apr, 2014 12:00am
AHI Carrier Fzc at a glance

AHI Carrier Fzc at a glance

AHI Carrier is one of the largest sales, marketing and distribution entity of Carrier offering complete range Carrier & Toshiba HVAC products & solutions.
Published 03 Apr, 2014 12:00am
Message from Chief Operating Officer, Nucon Engineers

Message from Chief Operating Officer, Nucon Engineers

Nucon Engineers, a professional managed by a group of High-caliber engineers with 'Carrier' and TOSHIBA specific extensive experience in the HVAC&R fields welcomes the HVAC&R Society of Pakistan's endeavour to hold 21st HVAC&R Expo and Conference in the h
Published 03 Apr, 2014 12:00am
Message from Chief Executive Officer, Nucon Engineers

Message from Chief Executive Officer, Nucon Engineers

Nucon Engineers feel immense pleasure in congratulating the Heating, Ventilation, Air Conditioning and Refrigeration (HVAC&R) Society of Pakistan on arranging 21st HVAC&R Exhibition and Expo in historic city of Lahore and at landmark expo center of Pakist
Published 03 Apr, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was reported at PKR 3,546 million. Number of lots traded were reported at 13,906 and PMEX Commodity Index closed at 3,011. Major business was contributed by crude oil amounting to PKR 2,740
Published 03 Apr, 2014 12:00am
Honduras March coffee exports rise 13 percent

Honduras March coffee exports rise 13 percent

Coffee exports from Honduras, Central America's top producer, rose 13.3 percent in March compared with the same month last year, the national coffee institute IHCAFE said on Tuesday, while exports from Costa Rica also rose slightly. Honduras exported 747,
Published 03 Apr, 2014 12:00am
CBOT wheat futures end lower

CBOT wheat futures end lower

Wheat futures on the Chicago Board of Trade fell on Tuesday as traders exited long wheat/short corn spreads, one day after the USDA reported higher-than-expected US wheat stocks and tighter corn stocks, traders said. CBOT May wheat stayed inside of the pr
Published 03 Apr, 2014 12:00am
Lacklustre trading due to low demand on cotton market

Lacklustre trading due to low demand on cotton market

Low business activity was seen on the cotton market on Wednesday in process of trading, dealers said. The official spot rate was unchanged at Rs 6,600, they said. The prices of seed cotton in Sindh and Punjab per 40 kg were unchanged at Rs 2800-3100, they
Published 03 Apr, 2014 12:00am
Chrysler recalls SUVs worldwide to fix brake problem

Chrysler recalls SUVs worldwide to fix brake problem

Chrysler said Wednesday it was recalling almost 868,000 sport-utility vehicles worldwide to fix a brake corrosion problem. Chrysler said it had launched an investigation after customers complained about stiff brake-pedal action, which was linked to one ac
Published 03 Apr, 2014 12:00am
Japanese firms doubt BOJ price targets, new stimulus seen

Japanese firms doubt BOJ price targets, new stimulus seen

Corporate Japan expects the consumer price index to be just 1.5 percent higher in a year from now, a Bank of Japan tankan survey found on Wednesday - a sign of how difficult the central bank could find meeting its 2 percent inflation goal by the April 201
Published 03 Apr, 2014 12:00am
Rice prices down on grain market

Rice prices down on grain market

Prices were lower on the wholesale grain market on Wednesday in the process of trading, dealers said. On the rice sector, Irri-9 Sindh low type was down by Rs 300 to Rs 5500 and the best variety fell by Rs 200 to Rs 5800, Irri-6 Sindh low type was up by R
Published 03 Apr, 2014 12:00am
Kenyan coffee price falls

Kenyan coffee price falls

The top price of Kenya's benchmark coffee grade eased to $385 per 50 kg bag at this week's auction from $457 per bag last week, the Nairobi Coffee Exchange (NCE) said. Kenya is a relatively small grower but its speciality beans are famous for their high q
Published 03 Apr, 2014 12:00am
US natural gas futures falling for third day

US natural gas futures falling for third day

US natural gas futures slipped 2 percent on Tuesday, falling for a third day on forecasts of continued mild weather that will reduce heating demand. Front-month natural gas futures on the New York Mercantile Exchange fell 9.5 cents, or 2.1 percent, to $4.
Published 03 Apr, 2014 12:00am
US FOB Gulf soya offers slip again

US FOB Gulf soya offers slip again

US FOB Gulf soyabean offers softened again on Tuesday with a sharp rally in futures while corn and wheat FOB offers were mostly unchanged, traders said. CBOT May and July soyabeans set new contract highs for the second straight day on worries about tight
Published 03 Apr, 2014 12:00am
US Midwest corn, soya bids steady to lower

US Midwest corn, soya bids steady to lower

Cash basis bids for corn and soyabeans were mostly steady to lower across the US Midwest on Tuesday, pressured by a spike in farmer sales tied to a rally to multi-month highs in futures for the commodities, grain merchants said. Farmers have sold large am
Published 03 Apr, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Apr, 2014 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 103,275 tonnes of cargo comprising 70,400 tonnes of import cargo and 32,875 tonnes of export cargo including 3,831 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 03 Apr, 2014 12:00am
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