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Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-05-15
Nigeria's president says no prisoner swap for missing girls: UK minister

Nigeria's president says no prisoner swap for missing girls: UK minister

Nigeria's President Goodluck Jonathan has ruled out freeing Boko Haram prisoners in exchange for the release of more than 200 kidnapped schoolgirls, British minister Mark Simmonds said on Wednesday. Africa minister Simmonds, in Nigeria for talks about the
Published 15 May, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (May 14, 2014) and for Thursday (May 15, 2014).
Published 15 May, 2014 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded August copper contract on the Shanghai Futures Exchange erased early losses to climb by 0.5 percent to 48,500 yuan ($7,800) a tonne on Wednesday. China's economic activity showed across-the-board weakness in April, with data from output to
Published 15 May, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 14, 2014).

Published 15 May, 2014 12:00am
Cotton futures fall for third session as USDA report weighs

Cotton futures fall for third session as USDA report weighs

Cotton futures fell for a third straight session on Tuesday, under pressure from long liquidation following last week's bearish US government supply-demand outlook. The most-active July cotton contract on ICE Futures US edged down 0.37 cent, or 0.4 percen
Published 15 May, 2014 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 15 May, 2014 12:00am
Jobless rate stuck at 7.5 percent in advanced nations: OECD

Jobless rate stuck at 7.5 percent in advanced nations: OECD

The unemployment rate in advanced countries remained stuck at 7.5 percent in March, the OECD said Wednesday, leaving the number of jobless still one-third higher than at the start of the global economic crisis. The OECD, a policy forum for advanced democr
Published 15 May, 2014 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 15 May, 2014 12:00am
'We didn't loot... We didn't rape': Sudan commander

'We didn't loot... We didn't rape': Sudan commander

Leaders of a Sudanese counter-insurgency unit on Wednesday dismissed accusations that their men committed abuses in Darfur. "We didn't loot. We didn't burn any villages. We didn't rape," General Abbas Abdelaziz, who heads the Rapid Support Forces (RSF), t
Published 15 May, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 14, 2014).

Published 15 May, 2014 12:00am
Kenya hit by new travel warnings

Kenya hit by new travel warnings

Several countries have stepped up their warnings against travel to Kenya's restive port city of Mombasa following a wave of attacks and unrest linked to Islamist extremists. Advice from Britain, France and Australia to their nationals to avoid the coastal
Published 15 May, 2014 12:00am
The Weather

The Weather

The weather report on Wednesday (May 14, 2014) and the forecast for Thursday (May 15, 2014).

Published 15 May, 2014 12:00am
Scientists, drugmakers, charities sign UK deal on animal research

Scientists, drugmakers, charities sign UK deal on animal research

More than 70 medical bodies in Britain, including Pfizer, GlaxoSmithKline and AstraZeneca, have signed a pledge to be more open about their use of animals in scientific experiments. The Concordat on Openness on Animal Research was published on Wednesday a
Published 15 May, 2014 12:00am
US flying surveillance drones over Nigeria

US flying surveillance drones over Nigeria

The US military is flying surveillance drones as well as manned aircraft over Nigeria to help in the search for more than 200 schoolgirls kidnapped by Islamist extremists, the Pentagon said Wednesday. The United States has deployed the robotic Global Hawk
Published 15 May, 2014 12:00am
Nickel slides over four percent, copper gains

Nickel slides over four percent, copper gains

Nickel prices fell more than 4 percent on Wednesday as some investors saw the market's Indonesian supply problem as fully priced in, given the metal is trading up nearly 50 percent in the year to date. Three-month nickel on the London Metal Exchange (LME)
Published 15 May, 2014 12:00am
Syria welcomes UN envoy exit as peace hopes dim

Syria welcomes UN envoy exit as peace hopes dim

Syria welcomed Wednesday the resignation of UN envoy Lakhdar Brahimi, as hopes for a resumption of peace talks dimmed ahead of a controversial election expected to return President Bashar al-Assad to office. Damascus accused Brahimi, who announced on Tues
Published 15 May, 2014 12:00am
US names two Syrian rebels 'global terrorists'

US names two Syrian rebels 'global terrorists'

The US government officially designated two officials of rival jihadist groups in Syria as "global terrorists" Wednesday, warning other Syrian rebel groups to stay away from both men. The US Treasury added Saudi-born Abd Al-Rahman Muhammad Zafir Al-Dubays
Published 15 May, 2014 12:00am
Space trio returns to Earth in Russian capsule

Space trio returns to Earth in Russian capsule

A Russian and an American returned to Earth on Wednesday with their Japanese commander aboard a Soyuz capsule in the first such landing since Moscow's ties with the West imploded over Ukraine. Koichi Wakata - the first Japanese leader of an International
Published 15 May, 2014 12:00am
US Marines deploy to Italy due to Libya threat: official

US Marines deploy to Italy due to Libya threat: official

The US military has moved a team of marines from Spain to southern Italy as a precautionary step in case the US embassy in Libya comes under threat, officials said Wednesday. The contingent of nearly 200 marines is part of a newly-created "crisis response
Published 15 May, 2014 12:00am
Kiev hosts 'unity' talks as Russia warns of civil war

Kiev hosts 'unity' talks as Russia warns of civil war

Ukraine's embattled leaders launched round-table talks Wednesday as part of a Western-backed push to prevent the country falling apart, vowing they would not bow to "blackmail" by pro-Russian rebels waging an insurgency in the east. The so-called national
Published 15 May, 2014 12:00am
Egyptian court jails 79 Morsi supporters

Egyptian court jails 79 Morsi supporters

An Egyptian court Wednesday sentenced 79 supporters of ousted president Mohamed Morsi to jail terms of between five and 10 years over their involvement in deadly clashes, judicial sources said. The defendants were convicted for participating in clashes be
Published 15 May, 2014 12:00am
Saudi king reshuffles defence posts

Saudi king reshuffles defence posts

Saudi Arabia's King Abdullah on Wednesday reshuffled top defence posts, removing the deputy minister and the chief of staff, state news agency SPA reported. He also appointed his son Prince Turki as governor of Riyadh region, SPA said. Prince Salman bin S
Published 15 May, 2014 12:00am
Swaziland tops up king's personal budget

Swaziland tops up king's personal budget

Swaziland's King Mswati III has increased his annual household budget for 2014 by more than 10 percent to $61 million, as a large public wage bill continues to put pressure on the impoverished country. The budget of the king, whose personal fortune is est
Published 15 May, 2014 12:00am
Saudi Arabia announces five new MERS deaths

Saudi Arabia announces five new MERS deaths

Saudi Arabia announced Wednesday five new deaths from MERS, raising the death toll in the country worst-hit by the mysterious coronavirus to 157 since it appeared in 2012. The health ministry also reported 16 new infections with Middle East Respiratory Sy
Published 15 May, 2014 12:00am
Sony Pictures acquires film rights for Greenwald's book on Snowden

Sony Pictures acquires film rights for Greenwald's book on Snowden

Sony Pictures Entertainment has acquired the film rights to journalist Glenn Greenwald's book about former US intelligence contractor Edward Snowden, recruiting producers of the James Bond franchise to bring the story to screen, the studio said on Wednesd
Published 15 May, 2014 12:00am
Millat Tractors Limited

Millat Tractors Limited

INTRODUCTION: Millat Tractors Limited (MTL) was originally formed in the year 1964 to launch and market Massey Ferguson Tractors in Pakistan. Initially, a plant was established in 1967 for assembling of tractors imported i
Published 15 May, 2014 12:00am
Millat Tractors Limited

Millat Tractors Limited

INTRODUCTION: Millat Tractors Limited (MTL) was originally formed in the year 1964 to launch and market Massey Ferguson Tractors in Pakistan. Initially, a plant was established in 1967 for assembling of tractors imported i
Published 15 May, 2014 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee, somehow, managed to hold the commanding position in terms of the dollar and euro on the local currency market on Wednesday, dealers said. The rupee rose by 15-paisa in relation to the dollar for buying at Rs 98.63 and it also picked up 15-paisa
Published 15 May, 2014 12:00am
Flyover-underpasses case: Court seeks rejoinders

Flyover-underpasses case: Court seeks rejoinders

Sindh High Court (SHC) on Wednesday asked provincial authorities, counsel for Defence Housing Authority (DHA), Karachi Metropolitan Corporation (KMC) and others to file their respective rejoinders on appeal of KMC and Bahria Town challenging SHC order tha
Published 15 May, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 14, 2014).

Published 15 May, 2014 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

US wheat futures fell for the sixth day in a row on Wednesday, extending a losing streak that has seen the benchmark contract shed 6.4 percent of its value due to ample global stocks and waning demand for US supplies. Soyabeans were 1.1 percent lower, wit
Published 15 May, 2014 12:00am
Gabon drops three firms from oil licensing deal

Gabon drops three firms from oil licensing deal

Three companies previously named as among the winners in an offshore oil licensing round in Gabon have been dropped from the list, the country's oil minister said on Wednesday. "The offshore requires huge investment and the companies turned down did not m
Published 15 May, 2014 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose around one percent on Wednesday after the dollar and global equities came under pressure as investors awaited confirmation of further stimulus measures from the European Central Bank. Gold also tracked strong gains in platinum and palladium on w
Published 15 May, 2014 12:00am
Platinum, palladium surge in New York

Platinum, palladium surge in New York

Platinum and palladium each rose 1 percent on Tuesday on the back of lingering supply worries as South Africa sent more police to the strike-hit platinum belt to protect miners after four were killed returning to work over the weekend. Gold prices, meanwh
Published 15 May, 2014 12:00am
Gold up in Asia

Gold up in Asia

Platinum and palladium on Wednesday added to sharp gains made overnight on worries that increasing labour tensions in major producer South Africa could hurt supply, while gold edged up on escalating violence in Ukraine. Platinum edged up 0.4 percent to $1
Published 15 May, 2014 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee, somehow, managed to hold the commanding position in terms of the dollar and euro on the local currency market on Wednesday, dealers said. The rupee rose by 15-paisa in relation to the dollar for buying at Rs 98.63 and it also picked up 15-paisa
Published 15 May, 2014 12:00am
Raw sugar climbs

Raw sugar climbs

Raw sugar hit six-week highs on Wednesday and white sugar 6-1/2 month peaks after a key industry forecast suggested Brazilian sugar and ethanol production was behind schedule. Arabica coffee fell almost 2 percent, nearing a one-month low after an US Depar
Published 15 May, 2014 12:00am
Palm oil jumps

Palm oil jumps

Malaysian palm oil futures rose to their highest in two weeks on Wednesday, boosted by a combination of data showing a rise in exports and expectations for an uptick in demand ahead of the Muslim holy month of Ramadan. The benchmark July contract on the B
Published 15 May, 2014 12:00am
Soyabeans, corn up

Soyabeans, corn up

US soyabean futures rose 1.3 percent on Tuesday, rebounding from Monday's sell-off on a round of bargain buying and some position squaring ahead of a report that will show how big demand from domestic crushers was in April, traders said. Corn futures also
Published 15 May, 2014 12:00am
Rubber stays up

Rubber stays up

Benchmark Tokyo rubber futures rose for a third session to a two-week high on Wednesday, supported by higher oil and precious metals prices on escalating violence in Ukraine, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange (TOC
Published 15 May, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 14, 2014).

Published 15 May, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 14, 2014).

Published 15 May, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (May 14, 2014).

Published 15 May, 2014 12:00am
Brent rises $1 on draw on US Cushing stocks, Ukraine crisis

Brent rises $1 on draw on US Cushing stocks, Ukraine crisis

Brent futures rose $1 a barrel on Wednesday while US crude rose 75 cents with both on track to settle near three-week highs supported by a draw on stocks in the United States and the deteriorating situation in Ukraine. Kiev's interim leaders proposed a pl
Published 15 May, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (May 14, 2014).

Published 15 May, 2014 12:00am
Egypt to cut energy subsidies to spur growth

Egypt to cut energy subsidies to spur growth

Egypt will speed up structural economic reforms this year, led by cuts in energy subsidies, regardless of whether it strikes a deal on IMF financial aid, Finance Minister Hany Kadry Dimian said on Tuesday. The economy has been hammered by three years of u
Published 15 May, 2014 12:00am
10 militants killed in drone attack in Kurram Agency

10 militants killed in drone attack in Kurram Agency

An unmanned US aircraft fired missiles in Kurram Agency area near the Pak-Afghan border on Wednesday, killing 10 suspected terrorists and injuring 14 others. According to sources, the US drone fired three missiles targeting suspected militants in Nazyan a
Published 15 May, 2014 12:00am
Rice, Urad sharply up on grain market

Rice, Urad sharply up on grain market

Rice and Urad prices were sharply higher on the wholesale grain market on Wednesday amid rising demand by retailers ahead of Ramazan, dealers said. On the cereals side, Urad Burma gained Rs 750 to Rs 10,000 due to strong demand by retailers, wheat (new) B
Published 15 May, 2014 12:00am
US Midwest corn bids up, soya firm

US Midwest corn bids up, soya firm

Corn spot basis bids were steady to slightly higher at processors, while soyabean bids firmed at Midwest river terminals, around the US Midwest on Tuesday in quiet trade, dealers said. Even as US soyabean futures rose 1 percent and corn futures firmed far
Published 15 May, 2014 12:00am
Cotton market: Rains in Punjab trigger buying by mills, spinners

Cotton market: Rains in Punjab trigger buying by mills, spinners

Trading activity improved as exporters also showed interest in fresh buying after news reaching about re-sowing because cotton belt in Punjab received monsoon rains last days, dealers said on the cotton market on Wednesday. The official spot rate maintain
Published 15 May, 2014 12:00am
PPO extended by 120 days; opposition stages walkout

PPO extended by 120 days; opposition stages walkout

The National Assembly on Wednesday adopted a resolution extending the Protection of Pakistan Ordinance, 2014 for a further period of 120 days amid a walkout by opposition parties and the government ally Jamiat Ulema-e-Islam-F (JUI-F) from the House. The a
Published 15 May, 2014 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was down on the forward cottonseeds oilcake market on Wednesday in process of trading, dealers said. The May contract closed at Rs 1752.30 and it commenced with 30 paisa fall at Rs 1752.00 in the morning session, the July vaida ended at Rs 1
Published 15 May, 2014 12:00am
PPO extended by 120 days; opposition stages walkout

PPO extended by 120 days; opposition stages walkout

The National Assembly on Wednesday adopted a resolution extending the Protection of Pakistan Ordinance, 2014 for a further period of 120 days amid a walkout by opposition parties and the government ally Jamiat Ulema-e-Islam-F (JUI-F) from the House. The a
Published 15 May, 2014 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 53,139 tonnes of cargo comprising 42,368 tonnes of import cargo and 10,771 tonnes of export cargo including 1,501 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 42
Published 15 May, 2014 12:00am
India's palm oil imports seen rising in May

India's palm oil imports seen rising in May

India's palm oil imports are expected to rise in May, as stocks are increased ahead of Ramadan to meet demand for cooking oil during the Muslim holy month. Consumption of the edible oil usually rises during Ramadan, due to be observed in the middle of yea
Published 15 May, 2014 12:00am
Bangladesh tea prices up

Bangladesh tea prices up

Tea prices in Bangladesh rose on Wednesday at the first auction of the new season, on arrival of fresh and good quality leaf, brokers said. Bangladeshi tea fetched an average of 194.27 taka ($2.5) per kg at the auction, up from 68.03 taka at the previous
Published 15 May, 2014 12:00am
US FOB Gulf corn, soya basis offers steady

US FOB Gulf corn, soya basis offers steady

US FOB Gulf corn and soyabean basis offers were offered steady on Tuesday after futures rose and wheat offers were also unchanged as futures ended steady to lower, traders said. Traders said export market values were supported by a strong domestic basis f
Published 15 May, 2014 12:00am
Budget likely to be presented on June 3

Budget likely to be presented on June 3

The Finance Ministry would present a Budget Strategy Paper (BSP) to a Cabinet meeting for consideration and approval today (Thursday) for the next fiscal year's budget which is likely to be announced on June 3, 2014. Sources said the Finance Ministry has
Published 15 May, 2014 12:00am
Vietnamese coffee prices gain fails to boost sales

Vietnamese coffee prices gain fails to boost sales

Vietnamese coffee prices gained slightly on Tuesday in line with thinning stocks, but the increase failed to prompt sellers to in the world's largest robusta producer to unload beans, traders said. Sales of robusta beans from the harvest that ended in Dec
Published 15 May, 2014 12:00am
Budget likely to be presented on June 3

Budget likely to be presented on June 3

The Finance Ministry would present a Budget Strategy Paper (BSP) to a Cabinet meeting for consideration and approval today (Thursday) for the next fiscal year's budget which is likely to be announced on June 3, 2014. Sources said the Finance Ministry has
Published 15 May, 2014 12:00am
CBOT wheat falls for fifth session

CBOT wheat falls for fifth session

Wheat futures on the Chicago Board of Trade fell for a fifth straight session on Tuesday on fund long liquidation and ideas that US wheat is over-priced on the world market amid ample global supplies, traders said. CBOT July dropped below support at its 2
Published 15 May, 2014 12:00am
Budget likely to be presented on June 3

Budget likely to be presented on June 3

The Finance Ministry would present a Budget Strategy Paper (BSP) to a Cabinet meeting for consideration and approval today (Thursday) for the next fiscal year''s budget which is likely to be announced on June 3, 2014. Sources said the Finance Ministry has
Published 15 May, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Wednesday at Pakistan Mercantile Exchange (PMEX) the value traded was reported at PKR 2,267 million. Number of lots traded was registered at 10,996 and PMEX Commodity Index closed at 3,018. Major business was contributed by gold amounting to PKR 1,166
Published 15 May, 2014 12:00am
Year-on-Year: six percent lower growth witnessed in March '14 revenue

Year-on-Year: six percent lower growth witnessed in March '14 revenue

The Federal Board of Revenue experienced a 6 percent lower growth in the revenue during March 2014 compared to March 2013. Well informed sources told Business Recorder here on Wednesday that the revenue collection rose by 17 percent in March 2014 c
Published 15 May, 2014 12:00am
Year-on-Year: six percent lower growth witnessed in March '14 revenue

Year-on-Year: six percent lower growth witnessed in March '14 revenue

The Federal Board of Revenue experienced a 6 percent lower growth in the revenue during March 2014 compared to March 2013. Well informed sources told Business Recorder here on Wednesday that the revenue collection rose by 17 percent in March 2014 c
Published 15 May, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 15 May, 2014 12:00am
Year-on-Year: six percent lower growth witnessed in March ''14 revenue

Year-on-Year: six percent lower growth witnessed in March ''14 revenue

The Federal Board of Revenue experienced a 6 percent lower growth in the revenue during March 2014 compared to March 2013. Well informed sources told Business Recorder here on Wednesday that the revenue collection rose by 17 percent in March 2014 c
Published 15 May, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 15 May, 2014 12:00am
Equities gain a foothold

Equities gain a foothold

The Karachi share market closed higher Wednesday as the institutional investors continue to focus on the upcoming Monetary Policy anticipating a reduction in key policy rate. The benchmark 100 Index rose by 116.70 points to close at 28,528.19 points again
Published 15 May, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 15 May, 2014 12:00am
Equities gain a foothold

Equities gain a foothold

The Karachi share market closed higher Wednesday as the institutional investors continue to focus on the upcoming Monetary Policy anticipating a reduction in key policy rate. The benchmark 100 Index rose by 116.70 points to close at 28,528.19 points again
Published 15 May, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 15 May, 2014 12:00am
Equities gain a foothold

Equities gain a foothold

The Karachi share market closed higher Wednesday as the institutional investors continue to focus on the upcoming Monetary Policy anticipating a reduction in key policy rate. The benchmark 100 Index rose by 116.70 points to close at 28,528.19 points again
Published 15 May, 2014 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 15 May, 2014 12:00am
BRIndex30 surges by 114.16 points

BRIndex30 surges by 114.16 points

On Wednesday, BRIndex30 opened at 16,374.98 and remained positive throughout the trading session. It touched an intraday high of 16,662.72 and an intraday low of 16,422.41 and closed at 16,489.14, which was 114.16 points or 0.7 percent higher than previou
Published 15 May, 2014 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (May 14, 2014).

Published 15 May, 2014 12:00am
BRIndex30 surges by 114.16 points

BRIndex30 surges by 114.16 points

On Wednesday, BRIndex30 opened at 16,374.98 and remained positive throughout the trading session. It touched an intraday high of 16,662.72 and an intraday low of 16,422.41 and closed at 16,489.14, which was 114.16 points or 0.7 percent higher than previou
Published 15 May, 2014 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (May 14, 2014).

Published 15 May, 2014 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (May 14, 2014).

Published 15 May, 2014 12:00am
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