News Archives for Print - 2014-04-13 - Business Recorder

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Print - 2014-04-13

Projects under Economic Corridor to be discussed: Chinese team due tomorrow

Projects under Economic Corridor to be discussed: Chinese team due tomorrow

A high-level Chinese delegation is scheduled to arrive here on Monday to discuss various development projects related to Pak-China Economic Corridor, it is learnt. Well-placed sources revealed to Business Recorder that both sides would sit together

Published 13 Apr, 2014 12:00am

Chinese tiles: NTC slaps provisional anti-dumping duty

Chinese tiles: NTC slaps provisional anti-dumping duty

The National Tariff Commission (NTC) has imposed provisional anti-dumping duty on import of tiles, including ceramic, porcelain, vitrified, granite wall and floor tiles in glazed/unglazed, polished/ unpolished finish (tiles) from China for a period of fou

Published 13 Apr, 2014 12:00am

Chinese tiles: NTC slaps provisional anti-dumping duty

Chinese tiles: NTC slaps provisional anti-dumping duty

The National Tariff Commission (NTC) has imposed provisional anti-dumping duty on import of tiles, including ceramic, porcelain, vitrified, granite wall and floor tiles in glazed/unglazed, polished/ unpolished finish (tiles) from China for a period of fou

Published 13 Apr, 2014 12:00am

Chinese tiles: NTC slaps provisional anti-dumping duty

Chinese tiles: NTC slaps provisional anti-dumping duty

The National Tariff Commission (NTC) has imposed provisional anti-dumping duty on import of tiles, including ceramic, porcelain, vitrified, granite wall and floor tiles in glazed/unglazed, polished/ unpolished finish (tiles) from China for a period of fou

Published 13 Apr, 2014 12:00am

France's top diplomat visits Cuba, first time in 30 years

France's top diplomat visits Cuba, first time in 30 years

French Foreign Minister Laurent Fabius arrived Saturday in Havana for a brief visit aimed at strengthening ties, as Cuba begins talks with the European Union on normalising relations. "This is the first time in 31 years that the head of French diplomacy i

Published 13 Apr, 2014 12:00am

France's top diplomat visits Cuba, first time in 30 years

France's top diplomat visits Cuba, first time in 30 years

French Foreign Minister Laurent Fabius arrived Saturday in Havana for a brief visit aimed at strengthening ties, as Cuba begins talks with the European Union on normalising relations. "This is the first time in 31 years that the head of French diplomacy i

Published 13 Apr, 2014 12:00am

Textile machinery''s import up by 44.47 percent in July-February

Textile machinery''s import up by 44.47 percent in July-February

Import of textile machinery surged by 44.47 percent to $366.053 million in July-February 2013-14, official statistics say. Import of textile machinery posted an increase of $112.674 million during July-February 2013-14 as compared to the machinery import

Published 13 Apr, 2014 12:00am

Textile machinery's import up by 44.47 percent in July-February

Textile machinery's import up by 44.47 percent in July-February

Import of textile machinery surged by 44.47 percent to $366.053 million in July-February 2013-14, official statistics say. Import of textile machinery posted an increase of $112.674 million during July-February 2013-14 as compared to the machinery import

Published 13 Apr, 2014 12:00am

Textile machinery's import up by 44.47 percent in July-February

Textile machinery's import up by 44.47 percent in July-February

Import of textile machinery surged by 44.47 percent to $366.053 million in July-February 2013-14, official statistics say. Import of textile machinery posted an increase of $112.674 million during July-February 2013-14 as compared to the machinery import

Published 13 Apr, 2014 12:00am

Thousands march in Paris, Rome against austerity, economic reforms

Thousands march in Paris, Rome against austerity, economic reforms

Tens of thousands of people took part in protests in central Paris and Rome on Saturday organised by hard-left parties against government economic reform plans and austerity measures. The protest in Rome turned violent when a large splinter group - many w

Published 13 Apr, 2014 12:00am

Thousands march in Paris, Rome against austerity, economic reforms

Thousands march in Paris, Rome against austerity, economic reforms

Tens of thousands of people took part in protests in central Paris and Rome on Saturday organised by hard-left parties against government economic reform plans and austerity measures. The protest in Rome turned violent when a large splinter group - many w

Published 13 Apr, 2014 12:00am

Thousands march in Paris, Rome against austerity, economic reforms

Thousands march in Paris, Rome against austerity, economic reforms

Tens of thousands of people took part in protests in central Paris and Rome on Saturday organised by hard-left parties against government economic reform plans and austerity measures. The protest in Rome turned violent when a large splinter group - many w

Published 13 Apr, 2014 12:00am

Iran rejects US ban on pick for UN envoy, vows legal action

Iran rejects US ban on pick for UN envoy, vows legal action

Iran on Saturday rejected a US decision to deny a visa for its newly appointed ambassador to the United Nations, pledging to take up the case directly with the world body in a dispute that has reopened old wounds dating to the 1979 Islamic Revolution.

Published 13 Apr, 2014 12:00am

Iran rejects US ban on pick for UN envoy, vows legal action

Iran rejects US ban on pick for UN envoy, vows legal action

Iran on Saturday rejected a US decision to deny a visa for its newly appointed ambassador to the United Nations, pledging to take up the case directly with the world body in a dispute that has reopened old wounds dating to the 1979 Islamic Revolution.

Published 13 Apr, 2014 12:00am

Pro-Russia militants raise flags in east Ukraine, risk of 'gas war' looms

Pro-Russia militants raise flags in east Ukraine, risk of 'gas war' looms

Pro-Russian militants raised their flags over official buildings in two eastern Ukrainian cities on Saturday, deepening a stand-off with Moscow which, Kiev warned, was dragging Europe closer to a "gas war" that could disrupt supplies across the continent.

Published 13 Apr, 2014 12:00am

Pro-Russia militants raise flags in east Ukraine, risk of 'gas war' looms

Pro-Russia militants raise flags in east Ukraine, risk of 'gas war' looms

Pro-Russian militants raised their flags over official buildings in two eastern Ukrainian cities on Saturday, deepening a stand-off with Moscow which, Kiev warned, was dragging Europe closer to a "gas war" that could disrupt supplies across the continent.

Published 13 Apr, 2014 12:00am

Court drops attempted murder case against baby

Court drops attempted murder case against baby

A court on Saturday threw out charges of attempted murder against a nine-month-old baby, in a case that highlighted endemic flaws in the country's legal system and provoked widespread ridicule. The court also launched a separate case to look into how poli

Published 13 Apr, 2014 12:00am

Court drops attempted murder case against baby

Court drops attempted murder case against baby

A court on Saturday threw out charges of attempted murder against a nine-month-old baby, in a case that highlighted endemic flaws in the country's legal system and provoked widespread ridicule. The court also launched a separate case to look into how poli

Published 13 Apr, 2014 12:00am

Fraudsters escape risk parameters to obtain bogus claims: loopholes in ST refund system unearthed

Fraudsters escape risk parameters to obtain bogus claims: loopholes in ST refund system unearthed

The Directorate General of Internal Audit Inland Revenue (IR) has unearthed loopholes in the sales tax refund payment system of the Federal Board of Revenue where fraudsters successfully escape the risk parameters in the system to obtain bogus refund clai

Published 13 Apr, 2014 12:00am

Fraudsters escape risk parameters to obtain bogus claims: loopholes in ST refund system unearthed

Fraudsters escape risk parameters to obtain bogus claims: loopholes in ST refund system unearthed

The Directorate General of Internal Audit Inland Revenue (IR) has unearthed loopholes in the sales tax refund payment system of the Federal Board of Revenue where fraudsters successfully escape the risk parameters in the system to obtain bogus refund clai

Published 13 Apr, 2014 12:00am

Fraudsters escape risk parameters to obtain bogus claims: loopholes in ST refund system unearthed

Fraudsters escape risk parameters to obtain bogus claims: loopholes in ST refund system unearthed

The Directorate General of Internal Audit Inland Revenue (IR) has unearthed loopholes in the sales tax refund payment system of the Federal Board of Revenue where fraudsters successfully escape the risk parameters in the system to obtain bogus refund clai

Published 13 Apr, 2014 12:00am

Performance ratings: PML-N government doing better than its predecessor: Gallup

Performance ratings: PML-N government doing better than its predecessor: Gallup

Gallup Pakistan on Saturday released its Annual Public Pulse Report 2014 - which reveals that the present PML-N government''''s Performance Ratings are a huge improvement over the PPP-Zardari-led government''''s a year ago, as there is an improvement of 5

Published 13 Apr, 2014 12:00am

Performance ratings: PML-N government doing better than its predecessor: Gallup

Performance ratings: PML-N government doing better than its predecessor: Gallup

Gallup Pakistan on Saturday released its Annual Public Pulse Report 2014 - which reveals that the present PML-N government''s Performance Ratings are a huge improvement over the PPP-Zardari-led government''s a year ago, as there is an improvement of 59 pe

Published 13 Apr, 2014 12:00am

Performance ratings: PML-N government doing better than its predecessor: Gallup

Performance ratings: PML-N government doing better than its predecessor: Gallup

Gallup Pakistan on Saturday released its Annual Public Pulse Report 2014 - which reveals that the present PML-N government's Performance Ratings are a huge improvement over the PPP-Zardari-led government's a year ago, as there is an improvement of 59 perc

Published 13 Apr, 2014 12:00am

Performance ratings: PML-N government doing better than its predecessor: Gallup

Performance ratings: PML-N government doing better than its predecessor: Gallup

Gallup Pakistan on Saturday released its Annual Public Pulse Report 2014 - which reveals that the present PML-N government's Performance Ratings are a huge improvement over the PPP-Zardari-led government's a year ago, as there is an improvement of 59 perc

Published 13 Apr, 2014 12:00am

MoI&P secretary recommends action against senior official

MoI&P secretary recommends action against senior official

Secretary Industries and Production (MoI&P) Shafqat Naghmi has reportedly recommended a disciplinary action against Additional Secretary, Khyzer Hayat Khan, sources close to Joint Secretary (Admin) told Business Recorder.

Published 13 Apr, 2014 12:00am

MoI&P secretary recommends action against senior official

MoI&P secretary recommends action against senior official

Secretary Industries and Production (MoI&P) Shafqat Naghmi has reportedly recommended a disciplinary action against Additional Secretary, Khyzer Hayat Khan, sources close to Joint Secretary (Admin) told Business Recorder.

Published 13 Apr, 2014 12:00am

MoI&P secretary recommends action against senior official

MoI&P secretary recommends action against senior official

Secretary Industries and Production (MoI&P) Shafqat Naghmi has reportedly recommended a disciplinary action against Additional Secretary, Khyzer Hayat Khan, sources close to Joint Secretary (Admin) told Business Recorder.

Published 13 Apr, 2014 12:00am

BISP: Prime Minister relaxes ban on recruitments

BISP: Prime Minister relaxes ban on recruitments

Prime Minister Nawaz Sharif has approved a summary, relaxing a ban on fresh recruitment's in Benazir Income Support Programme (BISP), thereby enabling the entity to fill around 2,000 vacancies. Talking to Business Recorder, BISP Chairman Enver Baig

Published 13 Apr, 2014 12:00am

BISP: Prime Minister relaxes ban on recruitments

BISP: Prime Minister relaxes ban on recruitments

Prime Minister Nawaz Sharif has approved a summary, relaxing a ban on fresh recruitment's in Benazir Income Support Programme (BISP), thereby enabling the entity to fill around 2,000 vacancies. Talking to Business Recorder, BISP Chairman Enver Baig

Published 13 Apr, 2014 12:00am

Modi reassures Muslims on traditions

Modi reassures Muslims on traditions

Hindu hardliner Narendra Modi, tipped to be India's next premier, sought Saturday to reassure Muslims he would respect their religious traditions, as 14 people died in the worst violence since the start of a marathon election. Modi's statements in a rare

Published 13 Apr, 2014 12:00am

Modi reassures Muslims on traditions

Modi reassures Muslims on traditions

Hindu hardliner Narendra Modi, tipped to be India's next premier, sought Saturday to reassure Muslims he would respect their religious traditions, as 14 people died in the worst violence since the start of a marathon election. Modi's statements in a rare

Published 13 Apr, 2014 12:00am

Maoists kill 14 in India poll-related violence

Maoists kill 14 in India poll-related violence

Maoist rebels killed 14 people in two poll-related blasts Saturday in an insurgency-hit region of central India, police said, highlighting the major security challenges faced in staging the nation's marathon general elections. The violence, the deadliest

Published 13 Apr, 2014 12:00am

Maoists kill 14 in India poll-related violence

Maoists kill 14 in India poll-related violence

Maoist rebels killed 14 people in two poll-related blasts Saturday in an insurgency-hit region of central India, police said, highlighting the major security challenges faced in staging the nation's marathon general elections. The violence, the deadliest

Published 13 Apr, 2014 12:00am

''Herdlike'' behaviour driving global capital flows: IMF

''Herdlike'' behaviour driving global capital flows: IMF

Global capital flows are increasingly "herdlike" and volatile, making it harder for emerging economies to lock down capital, the International Monetary Fund said Saturday. The increased global power of bond funds, mutual funds and exchange traded funds, o

Published 13 Apr, 2014 12:00am

'Herdlike' behaviour driving global capital flows: IMF

'Herdlike' behaviour driving global capital flows: IMF

Global capital flows are increasingly "herdlike" and volatile, making it harder for emerging economies to lock down capital, the International Monetary Fund said Saturday. The increased global power of bond funds, mutual funds and exchange traded funds, o

Published 13 Apr, 2014 12:00am

'Herdlike' behaviour driving global capital flows: IMF

'Herdlike' behaviour driving global capital flows: IMF

Global capital flows are increasingly "herdlike" and volatile, making it harder for emerging economies to lock down capital, the International Monetary Fund said Saturday. The increased global power of bond funds, mutual funds and exchange traded funds, o

Published 13 Apr, 2014 12:00am

Mamnoon calls for exploiting full trade potential: LCCI-OIC trade moot held

Mamnoon calls for exploiting full trade potential: LCCI-OIC trade moot held

President Mamnoon Hussain on Saturday stressed the need for enhancing trade volume among the Organisation of Islamic Countries (OIC) member countries, which have great potential for economic co-operation with their immense natural and human resources.

Published 13 Apr, 2014 12:00am

Mamnoon calls for exploiting full trade potential: LCCI-OIC trade moot held

Mamnoon calls for exploiting full trade potential: LCCI-OIC trade moot held

President Mamnoon Hussain on Saturday stressed the need for enhancing trade volume among the Organisation of Islamic Countries (OIC) member countries, which have great potential for economic co-operation with their immense natural and human resources.

Published 13 Apr, 2014 12:00am

Mamnoon calls for exploiting full trade potential: LCCI-OIC trade moot held

Mamnoon calls for exploiting full trade potential: LCCI-OIC trade moot held

President Mamnoon Hussain on Saturday stressed the need for enhancing trade volume among the Organisation of Islamic Countries (OIC) member countries, which have great potential for economic co-operation with their immense natural and human resources.

Published 13 Apr, 2014 12:00am

Altaf says can return to Pakistan anytime soon

Altaf says can return to Pakistan anytime soon

Muttahida Qaumi Movement Quaid Altaf Hussain Saturday said he can return to Pakistan anytime soon. "Mind it! I can land in Pakistan whenever it becomes necessary for me to. I have even applied for a passport," he said while addressing the inauguration cer

Published 13 Apr, 2014 12:00am

Altaf says can return to Pakistan anytime soon

Altaf says can return to Pakistan anytime soon

Muttahida Qaumi Movement Quaid Altaf Hussain Saturday said he can return to Pakistan anytime soon. "Mind it! I can land in Pakistan whenever it becomes necessary for me to. I have even applied for a passport," he said while addressing the inauguration cer

Published 13 Apr, 2014 12:00am

No threat to democracy: Khursheed

No threat to democracy: Khursheed

The Leader of the Opposition in the National Assembly, Syed Khursheed Ahmed Shah, has said that there is no threat to Parliament, democracy or the Government. Talking to media persons prior to his address at the annual dinner of Pakistan Engineering Counc

Published 13 Apr, 2014 12:00am

No threat to democracy: Khursheed

No threat to democracy: Khursheed

The Leader of the Opposition in the National Assembly, Syed Khursheed Ahmed Shah, has said that there is no threat to Parliament, democracy or the Government. Talking to media persons prior to his address at the annual dinner of Pakistan Engineering Counc

Published 13 Apr, 2014 12:00am

Musharraf accused of putting army's integrity at stake

Musharraf accused of putting army's integrity at stake

Federal Minister for Planning and Development Ahsan Iqbal has said that former President and army chief Pervez Musharraf should not put at stake the integrity of Pakistan army for the sake of his personal gains. Talking to media persons here on Saturday,

Published 13 Apr, 2014 12:00am

Musharraf accused of putting army's integrity at stake

Musharraf accused of putting army's integrity at stake

Federal Minister for Planning and Development Ahsan Iqbal has said that former President and army chief Pervez Musharraf should not put at stake the integrity of Pakistan army for the sake of his personal gains. Talking to media persons here on Saturday,

Published 13 Apr, 2014 12:00am

Defaming army amounts to disqualification of legislators: Shujaat

Defaming army amounts to disqualification of legislators: Shujaat

Pakistan Muslim League-Q (PML-Q) President Senator Chaudhry Shujaat Hussain said here on Saturday that the country's constitution provided disqualification of those parliamentarians who defame the army and judiciary.

Published 13 Apr, 2014 12:00am

Defaming army amounts to disqualification of legislators: Shujaat

Defaming army amounts to disqualification of legislators: Shujaat

Pakistan Muslim League-Q (PML-Q) President Senator Chaudhry Shujaat Hussain said here on Saturday that the country's constitution provided disqualification of those parliamentarians who defame the army and judiciary.

Published 13 Apr, 2014 12:00am

Economy, other sectors: China vows continued support

Economy, other sectors: China vows continued support

Finance Minister Ishaq Dar held a meeting with Chinese Vice Finance Minister in Washington and discussed bilateral relations with a special emphasis on co-operation in the economic sector. Ishaq Dar appreciated the Chinese support in the economic sector a

Published 13 Apr, 2014 12:00am

Economy, other sectors: China vows continued support

Economy, other sectors: China vows continued support

Finance Minister Ishaq Dar held a meeting with Chinese Vice Finance Minister in Washington and discussed bilateral relations with a special emphasis on co-operation in the economic sector. Ishaq Dar appreciated the Chinese support in the economic sector a

Published 13 Apr, 2014 12:00am

Economy, other sectors: China vows continued support

Economy, other sectors: China vows continued support

Finance Minister Ishaq Dar held a meeting with Chinese Vice Finance Minister in Washington and discussed bilateral relations with a special emphasis on co-operation in the economic sector. Ishaq Dar appreciated the Chinese support in the economic sector a

Published 13 Apr, 2014 12:00am

YOUR RUPEE LAST MONTH

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (March 3 to 31, 2014)

Published 13 Apr, 2014 12:00am

The Weather

The Weather

The weather report on Saturday (April 12, 2014) and the forecast for Sunday (April 13, 2014).

Published 13 Apr, 2014 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (April 12, 2014) and for Sunday (April 13, 2014).

Published 13 Apr, 2014 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

THE RUPEE: bulls persist

THE RUPEE: bulls persist

The rupee showed its muscles against the dollar on the open market on Saturday in the process of trading, dealers said. In a single day rally, the rupee recovered Rs 1.10 in relation to the dollar for buying and selling at 98.20 and Rs 98.40, they said. T

Published 13 Apr, 2014 12:00am

THE RUPEE: bulls persist

THE RUPEE: bulls persist

The rupee showed its muscles against the dollar on the open market on Saturday in the process of trading, dealers said. In a single day rally, the rupee recovered Rs 1.10 in relation to the dollar for buying and selling at 98.20 and Rs 98.40, they said. T

Published 13 Apr, 2014 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Currency values in terms of Special Drawing Rights

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 13 Apr, 2014 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (April 12, 2014).

Published 13 Apr, 2014 12:00am

Aaj TV - Sunday's schedule

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 13 Apr, 2014 12:00am

Canadian canola futures slip

Canadian canola futures slip

ICE Canadian canola futures slipped on Friday, falling on commercial hedges, but registered their third straight weekly gain. Weaker US soybean markets added spillover pressure to canola. The drop did not cause technical damage to canola, and the trend st

Published 13 Apr, 2014 12:00am

Indian soyaoil, sugar futures higher

Indian soyaoil, sugar futures higher

Indian soyaoil futures edged higher on Friday on a weak rupee and a rise in overseas palm oil prices, while soyabean futures rose on thin supplies in local spot markets. Rapeseed futures eased as supplies from new season crop have started. Soyabean and so

Published 13 Apr, 2014 12:00am

Shanghai steel rebar falls for third day

Shanghai steel rebar falls for third day

Shanghai steel rebar futures fell for a third day on Friday and pared their weekly gains on concern Chinese demand is at risk from a slowing economy, which could similarly curb appetite for raw material iron ore. Baoshan Iron and Steel, China's biggest st

Published 13 Apr, 2014 12:00am

Oil cake market rates

Oil cake market rates

Sharp rise was see on the forward cottonseeds oilcake market on Saturday in process of trading, dealers said. The May contract closed at Rs 1306.40 and it opened with steep rise of Rs 2.00 at Rs 1308.40 during the session, they said. The July vaida also c

Published 13 Apr, 2014 12:00am

No major change in present outlook on cotton market

No major change in present outlook on cotton market

No visible change was witnessed in the present outlook on the cotton market on Saturday, dealers said. The official spot rate was unchanged at Rs 6,500, they added. Prices of seed cotton in Sindh and Punjab per 40 kg were unchanged at Rs 2800 and Rs 3100,

Published 13 Apr, 2014 12:00am

Algeria buys 450,000 tonnes of wheat

Algeria buys 450,000 tonnes of wheat

Algeria's state grains agency OAIC bought 450,000 tonnes of milling wheat at between $315 and $316.50 a tonne, including cost and freight, in an international tender late on Thursday, European traders said on Friday. Most of the volume would be for shipme

Published 13 Apr, 2014 12:00am

Egypt's GASC seeks wheat for May shipment

Egypt's GASC seeks wheat for May shipment

Egypt's main wheat buying agency, the General Authority for Supply Commodities (GASC), set a tender on Thursday to buy an unspecified amount of wheat from global suppliers for shipment May 1-10. Mamdouh Abdel Fattah, vice chairman of GASC, one of the worl

Published 13 Apr, 2014 12:00am

Indian coffee prices edge higher

Indian coffee prices edge higher

Coffee prices in India edged higher at a weekly auction, helped by overseas leads and firm export demand. Arabica Plantation PB price were higher by 1,950-2,020 rupees per 50 kgs, A and AA grade price were higher by 1,500- 1,625 per 50 Kgs, B grade price

Published 13 Apr, 2014 12:00am

Higher trend on grain market

Higher trend on grain market

An upward trend was witnessed on the wholesale grain market on Saturday in process of modest trading, dealers said. On the cereals side, Masoor Canada low type was higher by Rs 200 to Rs 8200 and the best variety was up by Rs 400 to Rs 8500, Masoor Canada

Published 13 Apr, 2014 12:00am

Vietnamese coffee prices hit one-month highs

Vietnamese coffee prices hit one-month highs

Vietnam's domestic coffee prices climbed 0.7 percent on Friday to their highest levels in nearly a month, traders said, tracking global coffee prices that are spiralling upwards because of fears a Brazilian drought will hit supply. Domestic robusta prices

Published 13 Apr, 2014 12:00am

Brisk demand seen for Indian wheat export tenders

Brisk demand seen for Indian wheat export tenders

Indian state-run traders received as much as 10 percent higher bids than a state-set floor price for their latest wheat exports tenders, trade sources said, indicating continued global interest in supplies from the South Asian nation. Traders said Indian

Published 13 Apr, 2014 12:00am

FOB US Gulf grain basis offers steady

FOB US Gulf grain basis offers steady

FOB US Gulf grain basis offers were steady late Friday as markets were quiet ahead of the weekend and more importers turned to South America for cheaper newly harvested crops, traders said. FOB soyabean offers were unchanged against a backdrop of lower fu

Published 13 Apr, 2014 12:00am

Paris wheat futures little changed

Paris wheat futures little changed

Paris wheat futures were little changed on Friday as the market weighed up rain forecasts for parched US grain belts and export prospects after French wheat missed out again in an Egyptian tender but was set to book a large sale to Algeria. Egyptian state

Published 13 Apr, 2014 12:00am

Kenyan tea prices rise slightly

Kenyan tea prices rise slightly

The highest price for top grade Kenyan tea rose slightly to $3.16 per kg at this week's sale from $3.00 per kg last week, Tea Brokers East Africa said on Wednesday. Kenya is the leading world exporter of black tea and the crop is a leading foreign exchang

Published 13 Apr, 2014 12:00am

Oilseed growers expect French rapeseed crop to recover

Oilseed growers expect French rapeseed crop to recover

France's rapeseed harvest is on track to return to more normal levels this year after poor weather hit production in 2013, with the head of oilseed growers group FOP pegging output at 5 million to 5.2 million tonnes. That estimate is up from 4.4 million t

Published 13 Apr, 2014 12:00am

US natural gas futures end down one percent

US natural gas futures end down one percent

US natural gas futures ended down about 1 percent on Friday as traders took profits on gains over the previous four days, but still ended the week up about 4 percent. The four days of gains had boosted the front-month to its highest level in a month. That

Published 13 Apr, 2014 12:00am

South Korea upbeat on growth, shrugs off US tapering

South Korea upbeat on growth, shrugs off US tapering

South Korea's economy will maintain its fast recovery and the US unwinding of its stimulus measures even adds to the optimism because it suggests exports will grow, the South Korean finance minister told Reuters on Friday. A spike in the amount of long-te

Published 13 Apr, 2014 12:00am

US proposes 30-year phase-out of tariffs on Japanese autos

US proposes 30-year phase-out of tariffs on Japanese autos

The United States has proposed eliminating over 30 years its tariffs on Japanese motor vehicles but Japan rejected the proposal because the time period is unusually long, Kyodo News reported on Saturday. The proposal was made during bilateral trade talks

Published 13 Apr, 2014 12:00am

UK to ramp up fight against offshore tax evasion

UK to ramp up fight against offshore tax evasion

Britain plans to toughen its rules on cash hidden offshore in a new bid to crack down on people evading tax, the government said on Saturday. Under a proposed new criminal offence, tax officials will only have to show that income on money held by individu

Published 13 Apr, 2014 12:00am

ECB warns over further euro strengthening

ECB warns over further euro strengthening

A further strengthening of the euro exchange rate would require more loosening in the European Central Bank's monetary policy to keep the overall policy stance as accommodative as it is now, ECB President Mario Draghi said on Saturday. Draghi said that eu

Published 13 Apr, 2014 12:00am

Egypt needs more financial support: IMF

Egypt needs more financial support: IMF

Egypt will need further international assistance to put its economy back on track despite receiving huge loans from Gulf Arab states, the IMF said Friday. "Egypt will need financial support which could come from its partners in the Gulf or, if the governm

Published 13 Apr, 2014 12:00am

Fed official touts tax cuts for business spending

Fed official touts tax cuts for business spending

Cutting taxes on business investment is an effective form of economic stimulus that could go a long way toward mending the damage from the financial crisis and Great Recession, a top Federal Reserve official said on Saturday. In prepared remarks that did

Published 13 Apr, 2014 12:00am

Fed official touts tax cuts for business spending

Fed official touts tax cuts for business spending

Cutting taxes on business investment is an effective form of economic stimulus that could go a long way toward mending the damage from the financial crisis and Great Recession, a top Federal Reserve official said on Saturday. In prepared remarks that did

Published 13 Apr, 2014 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	5.90 ▲ 0.75 (14.56%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.66 ▲ 0.75 (12.69%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.17 ▲ 0.41 (10.90%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
Pak. P.V.C. / Dec 23 Pakistan PVC Limited(PPVC)	10.70 ▲ 1.00 (10.31%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.71 ▲ 0.44 (10.30%)

Stock	Price
Maqbool Tex. / Dec 23 Maqbool Textile Mills Limited(MQTM)	31.03 ▼ -3.45 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	14 ▼ -1.51 (-9.74%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	13.87 ▼ -1.47 (-9.58%)
National Silk / Dec 23 The National Silk & Rayon Mills Limited(NSRM)	50.51 ▼ -4.93 (-8.89%)
Supernet Ltd. / Dec 23 Supernet Limited (GEM)(GEMSPNL)	15.50 ▼ -1.42 (-8.39%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.11
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	43,831,652 ▲ 0.75
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.13
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.38
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 1.01
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	35,102,102 ▲ 2.16
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	34,714,518 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	29,891,811 ▲ 2.56
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.30

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