News Archives for Print - 2014-04-18

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (April 17, 2014).

Published 18 Apr, 2014 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (April 17, 2014).

Published 18 Apr, 2014 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (April 17, 2014).

Published 18 Apr, 2014 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (April 17, 2014).

Published 18 Apr, 2014 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (April 17, 2014).

Published 18 Apr, 2014 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (April 17, 2014).

Published 18 Apr, 2014 12:00am

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 18 Apr, 2014 12:00am

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 18 Apr, 2014 12:00am

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 18 Apr, 2014 12:00am

New York cotton

The fluctuations observed during the day:

Published 18 Apr, 2014 12:00am

New York cotton

The fluctuations observed during the day:

Published 18 Apr, 2014 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 18 Apr, 2014 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 185,744 tonnes of cargo comprising 128,271 tonnes of import cargo and 57,473 tonnes of export cargo during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 128,271 tonnes comprised of 51,044 tonnes of

Published 18 Apr, 2014 12:00am

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX) the value traded was PKR 2,140 million. The numbers of lots traded were 10,911 and PMEX Commodity Index closed at 2,984. Major business was contributed by crude oil amounting to PKR 1,408 million, followe

Published 18 Apr, 2014 12:00am

Jordan buys feed barley in tender

Jordan's state grain buyer has purchased 100,000 tonnes of optional-origin animal feed barley in an international tender for 150,000 tonnes which closed on Wednesday, European traders said. Some 50,000 tonnes was bought for first half June shipment at $26

Published 18 Apr, 2014 12:00am

Canadian canola futures rise

ICE Canada canola futures rose on Wednesday for a third straight session, climbing on spillover support from stronger soybeans. Light buying by funds also seen supporting canola, which traded in thin volumes. Canola has also been lifted by rising cash pri

Published 18 Apr, 2014 12:00am

Germany to harvest 23.95 million tonnes of wheat in 2014

Germany will harvest 23.95 million tonnes of wheat in 2014, down from the 24.87 million tonnes harvested in 2013, Germany's leading grain trader Toepfer International said on Wednesday. This was below the 24.74 million tonnes forecast for the 2014 wheat c

Published 18 Apr, 2014 12:00am

US FOB Gulf soyabean basis firms

US FOB Gulf soyabeans basis offers were stronger on Wednesday, adding to another strong day in futures which saw contract highs set on tightness in nearby supplies, traders said. FOB Gulf corn for May firmed on continuing export demand while wheat basis o

Published 18 Apr, 2014 12:00am

Oil cake market rates

Both the futures were higher on the forward cottonseeds oilcake market on Thursday in process of trading, dealers said. The May contract closed at Rs 1308.90 and showed a rise of 40 paisa at Rs 1309.30 during the session, they said. The July vaida closed

Published 18 Apr, 2014 12:00am

Modest trading witnessed

Modest trading activity was seen on the cotton market on Thursday as exporters showed interest in buying to meet their needs, dealers said. The official spot rate resisted further decline, restaining overnight levels at Rs 6,400, they added. Prices of see

Published 18 Apr, 2014 12:00am

Prices continue to decline on cotton market

Cotton prices continued their downward drive this week conceding another Rs 100 to Rs 150 per maund. Conditions on the cotton market are bearish and offtake of lint is decidedly low. Hardly any meaningful business is reported from the cotton market where

Published 18 Apr, 2014 12:00am

Prices continue to decline on cotton market

Cotton prices continued their downward drive this week conceding another Rs 100 to Rs 150 per maund. Conditions on the cotton market are bearish and offtake of lint is decidedly low. Hardly any meaningful business is reported from the cotton market where

Published 18 Apr, 2014 12:00am

Firm trend on grain market

Steadier trend seen on the wholesale grain marker on Thursday in the process of thin trading, dealers said. Commenting on the slow business activity these days, some commodity experts said that exporters were worried about the falling trend in export and

Published 18 Apr, 2014 12:00am

Google takes hit on growth disappointment

Google lost some of its lustre Wednesday as quarterly results failed to meet lofty Wall Street expectations, sending its shares down sharply. The California tech giant said its first quarter profit rose 32 percent from a year ago to $3.45 billion. Chief e

Published 18 Apr, 2014 12:00am

Google takes hit on growth disappointment

Google lost some of its lustre Wednesday as quarterly results failed to meet lofty Wall Street expectations, sending its shares down sharply. The California tech giant said its first quarter profit rose 32 percent from a year ago to $3.45 billion. Chief e

Published 18 Apr, 2014 12:00am

Ex-Anglo Irish Bank directors found guilty of fraud

Two former directors of the collapsed Anglo Irish Bank were found guilty Thursday of providing illegal loans to support the bank's share price, after an 11-week trial. Patrick Whelan, 52, and William McAteer, 63, were found guilty on 10 counts of providin

Published 18 Apr, 2014 12:00am

Obama launches measures to support solar energy in US

The White House Thursday announced a series of measures aimed at increasing solar energy production in the United States, particularly by encouraging the installation of solar panels in public spaces. President Barack Obama and his Democratic allies in Co

Published 18 Apr, 2014 12:00am

IBM's quarterly revenue sinks to 5-year low

IBM Corp, the world's biggest technology services company, reported its lowest quarterly revenue in five years on Wednesday, as Big Blue struggles with falling demand for its hardware and faces challenges in growth markets like China. Shares of IBM fell a

Published 18 Apr, 2014 12:00am

IBM's quarterly revenue sinks to 5-year low

IBM Corp, the world's biggest technology services company, reported its lowest quarterly revenue in five years on Wednesday, as Big Blue struggles with falling demand for its hardware and faces challenges in growth markets like China. Shares of IBM fell a

Published 18 Apr, 2014 12:00am

EU watchdog chief sees no clearing requirement for forex

Foreign exchange dealers won't face the added cost of having to clear some currency trades if the European Union decides they must come under new EU rules to make derivatives markets safer, a top regulator said. The bloc's executive European Commission is

Published 18 Apr, 2014 12:00am

Morgan Stanley profit soars

Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities business augmented another strong quarter from wealth management, sending shares in the Wall Street bank higher. The sixth-largest US b

Published 18 Apr, 2014 12:00am

Morgan Stanley profit soars

Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities business augmented another strong quarter from wealth management, sending shares in the Wall Street bank higher. The sixth-largest US b

Published 18 Apr, 2014 12:00am

Goldman Sachs profit falls 11 percent

Goldman Sachs Group Inc reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank's shares rose. Goldman said net i

Published 18 Apr, 2014 12:00am

Goldman Sachs profit falls 11 percent

Goldman Sachs Group Inc reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank's shares rose. Goldman said net i

Published 18 Apr, 2014 12:00am

Foreign direct investment in China up 5.5 percent

Foreign direct investment (FDI) into China increased 5.5 percent in the first three months of the year despite faltering in March, the government said Thursday, though outbound investment slumped. FDI, which excludes investment in financial sectors, total

Published 18 Apr, 2014 12:00am

BoJ keeps upbeat view on regional Japan

The Bank of Japan maintained its upbeat view on most of the country's regional economies, adding to reassurances from its governor that the world's third-largest economy can ride out the pain from a sales tax hike without additional stimulus. Also on Thur

Published 18 Apr, 2014 12:00am

Snack sales help PepsiCo beat profit estimates

PepsiCo Inc beat profit expectations on Thursday as a booming snacks unit added pep to sales and its struggling North American soda business did better than expected, sending shares up more than 2 percent in premarket trading. The maker of Pepsi-Cola, Fri

Published 18 Apr, 2014 12:00am

Snack sales help PepsiCo beat profit estimates

PepsiCo Inc beat profit expectations on Thursday as a booming snacks unit added pep to sales and its struggling North American soda business did better than expected, sending shares up more than 2 percent in premarket trading. The maker of Pepsi-Cola, Fri

Published 18 Apr, 2014 12:00am

US jobless claims, factory data put some shine on economy

New claims for jobless benefits hovered near their pre-recession levels last week and manufacturing in the Mid-Atlantic region accelerated in April, suggesting an upswing in economic activity after a brutally cold winter. Coming on the heels of fairly bul

Published 18 Apr, 2014 12:00am

Qatar's bourse touches eight-year high, Ahli United Bank boosts Bahrain

Qatar's bourse continued to outperform the region on Thursday but failed to break through major technical resistance. Ahli United Bank lifted Bahrain's stock market on news it might be sold or merge. The Doha bourse closed up 0.8 percent at 12,551 points,

Published 18 Apr, 2014 12:00am

Tokyo stocks flat

Tokyo stocks closed flat Thursday, a day after the Nikkei 225 index posted its sharpest rise in two months, while analysts said there were lingering concerns about the impact of this month's sales tax rise in Japan. The benchmark Nikkei - which soared 3.0

Published 18 Apr, 2014 12:00am

Thursday's early afternoon trade: stocks advance slightly

US stocks advanced slightly in choppy trading on Thursday after three days of gains, as underwhelming results from tech bellwethers Google and IBM were offset by upbeat quarterly numbers, including those from Morgan Stanley and General Electric. The lates

Published 18 Apr, 2014 12:00am

Wall Street posts gains

US stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied. Data showing Chinese economic growth exceeded exp

Published 18 Apr, 2014 12:00am

South Korean stocks flat

South Korean shares and the won closed onshore trade nearly flat on Thursday, as foreign investors' stock buying was offset by institutional investors' selling, while fears of possible intervention from government authorities weighed on the won. The Korea

Published 18 Apr, 2014 12:00am

Treasuries lower

US Treasuries prices fell on Wednesday as rising stocks reduced demand for lower risk government bonds, and as Federal Reserve Chair Janet Yellen expressed optimism on the economy. Better-then-expected growth in China, the world's largest economy, and a r

Published 18 Apr, 2014 12:00am

Treasuries lower

US Treasuries prices fell on Wednesday as rising stocks reduced demand for lower risk government bonds, and as Federal Reserve Chair Janet Yellen expressed optimism on the economy. Better-then-expected growth in China, the world's largest economy, and a r

Published 18 Apr, 2014 12:00am

Indian shares surge over 1.5 percent

Indian shares rose more than 1.5 percent on Thursday to snap a three-day losing streak as lenders such as ICICI Bank surged on value buying, earnings expectations and hopes of gains in bond portfolios after the central bank's biggest debt auction. Indian

Published 18 Apr, 2014 12:00am

Hong Kong shares rise, China slips

Hong Kong shares closed 0.28 percent higher on Thursday following a third straight rally on Wall Street. The benchmark Hang Seng Index ended up 64.23 points at 22,760.24 on turnover of HK$42.80 billion (US $5.52 billion). The index added to gains the prev

Published 18 Apr, 2014 12:00am

European shares higher

European equities finished higher on Thursday after losing ground earlier in the session, with upbeat results from major US companies like Morgan Stanley, Goldman Sachs and General Electric improving sentiment. Morgan Stanley reported a 55 percent jump in

Published 18 Apr, 2014 12:00am

Australian shares up

Australian shares added 0.6 percent on Thursday as investors took heart from a modicum of stability on Wall Street after the recent heavy tech-driven selloff, though activity was subdued ahead of the long Easter and Anzac Day holiday break. The S&P/ASX 20

Published 18 Apr, 2014 12:00am

Southeast Asian markets: Thailand, Indonesia lead regional gains

Southeast Asian stock markets rose on Thursday as investors took positions in emerging markets on expectations of strong corporate earnings, boosting Thai shares to their highest since November, while Indonesia ended at more than a week high. Bangkok's SE

Published 18 Apr, 2014 12:00am

Financials nudge FTSE to one-week high

Britain's top shares rose to a one-week closing high on Thursday after upbeat US results from Morgan Stanley and Goldman Sachs drove up financials and allayed investor concerns about the current earnings season. Morgan Stanley shares gained after it unvei

Published 18 Apr, 2014 12:00am

Yen reclaims lost ground in Asia

The yen bounced back from a one-week low against the dollar on Thursday, with investors taking their cues from recently volatile Japanese equities, though activity was thin as investors wound down trading ahead of the Easter holidays. The dollar bought 10

Published 18 Apr, 2014 12:00am

Dollar struggles in London

The dollar fell against a basket of currencies on Thursday after Federal Reserve Chair Janet Yellen reiterated an accommodative monetary policy stance in comments. Dollar weakness saw the pound at its highest level against the US currency since late 2009

Published 18 Apr, 2014 12:00am

Early trade in New York: dollar slips against basket of currencies

The US dollar slipped against a basket of currencies on Thursday after Federal Reserve Chair Janet Yellen said low interest rates are needed to support the US economy even though such a policy stand hurts its currency. Dollar weakness helped propel sterli

Published 18 Apr, 2014 12:00am

Dollar climbs versus yen in New York

The dollar rose to the highest level in a week against the yen on Wednesday on signs of future buying of Tokyo stocks by Japan's state pension fund, but edged lower against the euro on traders' view that the Federal Reserve is maintaining a dovish stance.

Published 18 Apr, 2014 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.6550-77.6600 (77.66-77.67). Call Money Rates: 06.75-08.25 percent (previous 05.00-08.25 percent). ( revised).

Published 18 Apr, 2014 12:00am

Australian and New Zealand dollar subdued

The Australian and New Zealand dollars held their ground against the greenback on Thursday but were trapped in a slim trading range ahead of a four-day long Easter weekend and key event risks next week. Australian consumer inflation data on Wednesday and

Published 18 Apr, 2014 12:00am

Indian rupee snaps three day fall

The Indian rupee recovered in late trade on Thursday, boosted by gains in the domestic sharemarket while some dealers also cited dollar selling by large state-run banks which could be on behalf of the central bank. The unit, however, dropped on the week,

Published 18 Apr, 2014 12:00am

Yellen helps Asia currencies crawl higher

Most emerging Asian currencies edged up on Thursday as the dollar eased broadly after US Federal Reserve Chair Janet Yellen's dovish comments on monetary policy, while trading was subdued ahead of a holiday in some markets. The Thai baht led gains on fore

Published 18 Apr, 2014 12:00am

Sterling index settles near highest since 2008

Sterling failed to push higher after rising to its strongest since late 2008 against a basket of currencies on Thursday, finishing around 0.1 percent higher on a day thinned out by the long Easter weekend. After a 10 percent surge over 12 months on a trad

Published 18 Apr, 2014 12:00am

Cardiff cry foul over Palace loss

Cardiff City have demanded the Premier League annul a 3-0 loss to Crystal Palace over allegations of cheating, the BBC said Thursday. Cardiff's lawyers allege in a five-page letter that Palace's sporting director Iain Moody tried to obtain information abo

Published 18 Apr, 2014 12:00am

Man City run aground, Palace rock Everton

Liverpool's position atop the Premier League table was strengthened on Wednesday when title rivals Manchester City were held to a 2-2 draw at home to bottom club Sunderland. Beaten 3-2 at Liverpool on Sunday, City were bidding to close to within four poin

Published 18 Apr, 2014 12:00am

Bale stunner claims Cup win for Real over Barca

Gareth Bale raced away to score a stunning late winner as Real Madrid made light of the absence of top scorer Cristiano Ronaldo to beat arch-rivals Barcelona 2-1 to win a riveting King's Cup final on Wednesday. Wales winger Bale, who joined Real for a wor

Published 18 Apr, 2014 12:00am

Vietnam says it will not host Asian Games

Vietnam said Thursday it had decided against hosting the 2019 Asian Games for financial reasons, and was exploring procedures to withdraw from staging the region's largest sporting event. There was scant public jubilation when the communist country's capi

Published 18 Apr, 2014 12:00am

Cibulkova romps into quarters in Malaysia

Top seed Dominika Cibulkova stormed past Hsieh Su-Wei on Thursday at the BMW Malaysian Open for her WTA-leading 22nd match win of the year, passing Li Na and Agnieszka Radwanska. Cibulkova, who is the Slovakian world number 10, came out like a house on fi

Published 18 Apr, 2014 12:00am

Classical hockey to be revived in the country: Shahnaz

Chief coach Pakistan hockey team Shahnaz Sheikh has said that a strategy has been evolved for the revival of classical hockey in the country. Speaking to media on Thursday night at local hotel he said that under the special attention would be focused on a

Published 18 Apr, 2014 12:00am

Australia women's coach sacked

Australia's national women's soccer team coach Hesterine de Reus has been sacked, less than a month out from the team's AFC Women's' Asian Cup title defence. Football Federation Australia announced the decision on Thursday following an internal review int

Published 18 Apr, 2014 12:00am

Row over plan to merge Asia's football top posts

Prince Ali bin Al Hussein has savaged plans to hand his current role as FIFA vice-president to Asia's football boss in a row which threatens to plunge regional soccer into a fresh round of infighting. In an open letter, the Jordanian royal "strongly oppos

Published 18 Apr, 2014 12:00am

Nadal earns 300th clay win; Djokovic, Federer cruise

Rafael Nadal racked up his 300th career claycourt win to reach the Monte Carlo Masters quarter-finals on Thursday where he was joined by longtime rivals Novak Djokovic, the defending champion, and Roger Federer. World number one Nadal finished with an ace

Published 18 Apr, 2014 12:00am

ICE cotton rallies as dry skies stoke Texas supply worries

Cotton futures rallied on Wednesday, recovering the previous day's losses, as dry weather across major growing regions of Texas renewed US supply worries. The most-active July cotton contract on ICE Futures US rose 1.28 cent, or 1.4 percent, to settle at

Published 18 Apr, 2014 12:00am

Shanghai copper up

The most-traded copper contract on the Shanghai Futures Exchange rose 1.2 percent to 46,600 yuan a tonne on Thursday as slightly better-than-expected Chinese growth data eased some fears about a hard landing in the world's top consumer of industrial metal

Published 18 Apr, 2014 12:00am

Nickel ploughs higher, may be vulnerable to correction

Nickel pushed higher on Thursday as speculators continued to buy due to ongoing concerns over supply from Indonesia and Russia, but some analysts worried that prices had overshot fundamentals. Nickel prices have surged nearly 30 percent so far this year t

Published 18 Apr, 2014 12:00am

Brent falls as Ukraine, Russia seek to end violence

Brent crude oil fell on Thursday after the United States, Russia, Ukraine and the European Union joined to call for an end to the violence in Ukraine, taking some risk premium out of the market, while US oil rose on positive economic data. The joint state

Published 18 Apr, 2014 12:00am

Rubber falls

Benchmark Tokyo rubber futures fell 1.3 percent on Thursday, tracking declines in Shanghai markets amid worries over rubber demand in China, though volumes returned to normal as Thailand markets returned after holidays, brokers said. The benchmark rubber

Published 18 Apr, 2014 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT. (Markets will be closed for Easter from Friday, April 18, and will reopen on Tuesday, April 22).

Published 18 Apr, 2014 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT. (Markets will be closed for Easter from Friday, April 18, and will reopen on Tuesday, April 22).

Published 18 Apr, 2014 12:00am

Soyabeans stay higher

US soyabean futures rallied for the third day in a row on Wednesday to reach a nine-month high, drawing strength from data released earlier in the week that showed appetite for the oilseed remained strong at domestic crushers, traders said. The strength i

Published 18 Apr, 2014 12:00am

Palm oil slips

Malaysian palm oil futures eased for the first time in five days on Thursday as investors banked profits after prices hit a three-week high, although optimism of improving food and fuel demand kept stemmed losses. The benchmark July contract on the Bursa

Published 18 Apr, 2014 12:00am

Arabica coffee soars eight percent

Arabica coffee futures on ICE rallied 8 percent on Thursday in a flurry of short-covering and uncertainty over the extent of Brazil's crop damage, after two days of steep losses. Liffe robusta futures turned higher and marked a technically bullish outside

Published 18 Apr, 2014 12:00am

Gold little changed in New York

Gold prices were little changed on Wednesday, as gains were limited by rising Wall Street stocks and strong US industrial production data fed investor caution about bullion a day after prices fell nearly 2 percent. Gold traded around its key 200-day movin

Published 18 Apr, 2014 12:00am

Gold slips in Asia

Gold fell for a second session out of three on Thursday on higher equities and as the world's biggest gold-backed fund saw its sharpest outflow in nearly four months. Bullion fell nearly 2 percent on Tuesday to its lowest in 1-1/2 weeks on technical selli

Published 18 Apr, 2014 12:00am

Gold steadies in Europe

Gold steadied around $1,300 an ounce on Thursday as a lower dollar and accommodative US Federal Reserve monetary policy counterbalanced worries over the strength of Chinese demand and sales from gold-backed funds. Holdings in the world's biggest exchange-

Published 18 Apr, 2014 12:00am

US MIDDAY: wheat rises

US wheat futures rose 1.2 percent on Thursday, supported by concerns that a recent cold snap in key growing areas damaged some of the developing crop, traders said. "The weather concerns are centred around hard wheat, and you've had a freeze event at the

Published 18 Apr, 2014 12:00am

US MIDDAY: platinum drops

Platinum prices fell to their lowest in more than two weeks early on Thursday, reversing initial gains after South Africa's biggest platinum producers offered to raise wages for miners in a bid to end a 13-week-old strike that has curbed metal output. Ang

Published 18 Apr, 2014 12:00am

Dubai Islamic Bank records Rs 211 million profit before tax

The Board of Directors of Dubai Islamic Bank Pakistan Limited (DIBPL) recently held a meeting to approve its financial statements for the year ended December 31, 2013. DIBPL is a fully owned subsidiary of Dubai Islamic Bank UAE, the world's first Islamic

Published 18 Apr, 2014 12:00am

Dubai Islamic Bank records Rs 211 million profit before tax

The Board of Directors of Dubai Islamic Bank Pakistan Limited (DIBPL) recently held a meeting to approve its financial statements for the year ended December 31, 2013. DIBPL is a fully owned subsidiary of Dubai Islamic Bank UAE, the world's first Islamic

Published 18 Apr, 2014 12:00am

PIA's ostrich-like behaviour

It's easy to make a man confess the lies he tells to himself; it's far harder to make him confess the truth." Pakistan International Airlines is behaving like an ostrich instead of telling the truth to the people about the suspension of flights to Saudi A

Published 18 Apr, 2014 12:00am

UNDP hails Pakistan's first multi-dimensional poverty index

The United Nations Development Programme (UNDP) congratulates the federal and provincial governments for initiating the development of the Multi-dimensional Poverty Index (MPI) for Pakistan. This marks the beginning of the process of regularly calculating

Published 18 Apr, 2014 12:00am

EFOODS registers Q1 earnings of Rs 190 million

Engro Foods (EFOODS) on Thursday posted earnings of Rs 190m (EPS Rs 0.25) in 1Q2014 which is significantly higher than 4Q2013 loss of Rs 370m (Rs 0.48 per share) but down by 71%YoY, analysts at Topline Securities said. They said that sequential increase i

Published 18 Apr, 2014 12:00am

EFOODS registers Q1 earnings of Rs 190 million

Engro Foods (EFOODS) on Thursday posted earnings of Rs 190m (EPS Rs 0.25) in 1Q2014 which is significantly higher than 4Q2013 loss of Rs 370m (Rs 0.48 per share) but down by 71%YoY, analysts at Topline Securities said. They said that sequential increase i

Published 18 Apr, 2014 12:00am

Notification issued: SRB takes major steps to enhance tax collection

In order to enhance revenue collection, Sindh Revenue Board (SRB) has decided to exempt penalty amount and 95 percent of amount of default surcharge, payable on the principal amount of arrears of tax, it was learnt on Thursday. In this regard, SRB issued

Published 18 Apr, 2014 12:00am

Avanza Solutions launches new product at ABTEC exhibition

Technology innovation is key to enabling financial institutions to deliver more value to customers, while simultaneously meeting regulatory requirements and managing new risks, an industry thought leader has said. Ebtikar Association founder and president

Published 18 Apr, 2014 12:00am

Budget proposals: KSE suggests cut in tax rate for listed companies

Karachi Stock Exchange (KSE) has proposed to the Ministry of Finance to reduce rate of tax for listed companies in order to encourage listing of companies on Stock Exchanges. KSE has requested government to review last year's proposal for reduction in tax

Published 18 Apr, 2014 12:00am

Budget proposals: KSE suggests cut in tax rate for listed companies

Karachi Stock Exchange (KSE) has proposed to the Ministry of Finance to reduce rate of tax for listed companies in order to encourage listing of companies on Stock Exchanges. KSE has requested government to review last year's proposal for reduction in tax

Published 18 Apr, 2014 12:00am

Computer dealers, importers: FBR Chairman asked to take notice of harassment

Karachi Electronic Dealers Association (KEDA) President Muhammad Idrees, who is also Vice President of Karachi Chamber of Commerce and Industry (KCCI), has urged the Federal Board of Revenue (FBR) Chairman to take notice of the harassment of computer deal

Published 18 Apr, 2014 12:00am

Partly Facetious: Former President at PM's House

"So? The Prime Minister welcomes President Zardari in his own home while he goes to visit Imran Khan in his."

Published 18 Apr, 2014 12:00am

Competitiveness in wake of trade liberalisation with India: new study reveals 18 industries as vulnerable

The government will have to turn its urgent attention towards 18 vulnerable industries before the impending liberalised trade regime between India and Pakistan if these industries want to be able to sustain both local and global competitiveness.

Published 18 Apr, 2014 12:00am

CNG station owners: contempt of court plea disposed of

The Islamabad High Court (IHC) on Thursday disposed of a contempt of court petition filed by Compressed Natural Gas (CNG) station owners against SNGPL for not allowing them to operate despite court's orders. A single-member bench comprising Justice Shauka

Published 18 Apr, 2014 12:00am

Suspect meters: Ogra tells SNGPL to introduce cyber locking system

The Oil and Gas Regulatory Authority (Ogra) has directed Sui Northern Gas Pipelines Limited (SNGPL) to introduce cyber locking system as being practiced by the SSGC for the satisfaction of consumers and their trust building. The authority after noticing c

Published 18 Apr, 2014 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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