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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-06-12
APTMA seeks gas supply at optimum pressure

APTMA seeks gas supply at optimum pressure

Spokesman APTMA Punjab has said that the low pressure for even eight hours a day gas supply to the Punjab-based textile mills is adversely impacting production of textile mills. He said 80% of the Punjab-based textile industry is dependent on gas for in-h
Published 12 Jun, 2014 12:00am
Attack on Karachi airport

Attack on Karachi airport

Apropos 'Attack on Karachi airport', carried by Business Recorder on Tuesday, it is indeed a matter of great concern that Karachi, a city of teeming millions, has found itself extremely vulnerable to any type of terrorist attack. That the incident
Published 12 Jun, 2014 12:00am
GM may be driving past ignition switch crisis

GM may be driving past ignition switch crisis

For signs that General Motors Co's ignition switch crisis may be fading, look no farther than the quiet annual meeting this week. A total of 29 shareholders attended, and not one asked about the defect linked to at least 13 deaths and the recall of 2.6 mi
Published 12 Jun, 2014 12:00am
Eradicating child labour: a global challenge

Eradicating child labour: a global challenge

Children are the most beautiful and purest creation of God. Wordsworth, the poet of nature, used children to illustrate the simplicity, wholesomeness and innocence of man. Nelson Mandela, South Africa's anti-apartheid revolutionary politician and philanth
Published 12 Jun, 2014 12:00am
VIEW POINT: ...reaping the whirlwind

VIEW POINT: ...reaping the whirlwind

Last Sunday night's terrorist strike at the country's largest airport in mega-polis Karachi overshadowed another horrific incident that took place the same evening in a remotely-located small border town, Taftan. There sectarian terrorists bombed two smal
Published 12 Jun, 2014 12:00am
Rice exporters' grouse

Rice exporters' grouse

Appreciation of the rupee has caused a lot of frustration among the exporters, constraining them to make certain demands on the government. Chela Ram, Senior Vice Chairman of Rice Exporters Association of Pakistan (Reap), while addressing the media at Kar
Published 12 Jun, 2014 12:00am
Republicans in leadership scramble after shock election loss

Republicans in leadership scramble after shock election loss

Republican lawmakers are scrambling to identify the party's future leaders after the shock primary election defeat of Eric Cantor, the No 2 Republican in the House of Representatives, by an upstart candidate from the Tea Party movement. House Majority Lea
Published 12 Jun, 2014 12:00am
Hackers claim attacks on World Cup-related websites

Hackers claim attacks on World Cup-related websites

Hackers claim they have carried out attacks against dozens of Brazilian websites linked to the soccer World Cup, including those of tournament sponsor Hyundai, a state government and Brazil's intelligence agency. "We had a busy last few days and there is
Published 12 Jun, 2014 12:00am
Deep cuts to British army put its capabilities at risk

Deep cuts to British army put its capabilities at risk

Deep cuts to Britain's army carry significant risks that could prevent it from achieving its objectives, the country's spending watchdog said on Wednesday, raising questions about the US ally's ability to take part in foreign operations. Britain is in the
Published 12 Jun, 2014 12:00am
Vietnam says China moving rig; China denies sending warships

Vietnam says China moving rig; China denies sending warships

Vietnam said on Wednesday a Chinese oil rig at the centre of an increasingly bitter territorial dispute appeared to be on the move again, as China denied Vietnamese accusations that it had sent warships to the scene. The rig's deployment triggered anti-Ch
Published 12 Jun, 2014 12:00am
Germany eyes more cautious arms export policy after 2013 surge

Germany eyes more cautious arms export policy after 2013 surge

Germany said on Wednesday it would adopt a more cautious approach towards arms exports after a 24 percent surge last year helped by deals with Saudi Arabia, Qatar and Algeria that have fuelled a domestic debate on military sales. Despite Germany's tendenc
Published 12 Jun, 2014 12:00am
Israel blames Abbas after rocket fired from Gaza

Israel blames Abbas after rocket fired from Gaza

Palestinian militants fired a rocket on Israel from the Gaza Strip Wednesday, prompting Israel's premier to hold Palestinian president Mahmud Abbas responsible for such attacks. Abbas condemned the rocket fire, which Israeli officials said hit the Eshkol
Published 12 Jun, 2014 12:00am
Car bomb kills up to four UN soldiers in northern Mali

Car bomb kills up to four UN soldiers in northern Mali

As many as four United Nations peacekeepers were killed when a car bomb exploded in the northern Malian town of Aguelhoc on Wednesday, UN and diplomatic sources said. Two sources said that four Chadian UN peacekeepers had been killed, while another offici
Published 12 Jun, 2014 12:00am
Putin warns Ukraine against rejecting gas offer

Putin warns Ukraine against rejecting gas offer

Russian President Vladimir Putin warned Ukraine not to reject a reduced gas price offer but Kiev rebuffed the proposal as key EU-mediated talks to resolve the dispute ended in deadlock on Wednesday. Moscow and Kiev exchanged barbs after nearly five hours
Published 12 Jun, 2014 12:00am
Faulty Takata air bags prompt expanded Toyota recall

Faulty Takata air bags prompt expanded Toyota recall

Takata Corp's safety crisis deepened on Wednesday after Toyota Motor Corp recalled almost 2.3 million vehicles globally, many for the second time, and the Japanese air bag maker warned that further fixes may be needed. The world's largest automaker called
Published 12 Jun, 2014 12:00am
Angelina Jolie launches warzone rape protocol

Angelina Jolie launches warzone rape protocol

Angelina Jolie and British Foreign Secretary William Hague launched an international protocol on Wednesday which the Hollywood star hopes will "really, truly end impunity" for sexual violence in wars. The document, which offers guidance for those on the f
Published 12 Jun, 2014 12:00am
Taliban swap for US soldier was 'tough call': Hagel

Taliban swap for US soldier was 'tough call': Hagel

Pentagon chief Chuck Hagel on Wednesday staunchly defended the swap of five Taliban detainees for a US soldier as a "tough call" but a necessary one to secure Sergeant Bowe Bergdahl's release. Seeking to counter a barrage of criticism from lawmakers, Hage
Published 12 Jun, 2014 12:00am
Khyber Pakhtunkhwa: NAB arrests four officials in land acquisition scam

Khyber Pakhtunkhwa: NAB arrests four officials in land acquisition scam

National Accountability Bureau (NAB) Khyber Pakhtunkhwa Wednesday arrested Salahuddin, Director Planning and Muhammad Yaqoob, Assistant Director Planning of Provincial Housing Authority (PHA) Khyber Pakhtunkhwa allegedly involved in the high profile case
Published 12 Jun, 2014 12:00am
National Assembly body asks CDA to provide details of projects

National Assembly body asks CDA to provide details of projects

The Standing Committee on Cabinet Secretariat on Wednesday sought details of plots allotted to the CDA employees during last five years. Chairman, Standing Committee on Cabinet Secretariat Rana Muhammad Hayat Khan, MNA, enquired as to what improvement bro
Published 12 Jun, 2014 12:00am
Police official allegedly rapes woman in Haripur

Police official allegedly rapes woman in Haripur

A Police official allegedly raped a woman and then threw her down from the hill-top of a village in Haripur district on Wednesday. The incident took place in Sirikot, which is a village in Ghazi tehsil of the district. The 22-year-old woman was taken to a
Published 12 Jun, 2014 12:00am
PIAF calls for strengthening public, private sectors' ties

PIAF calls for strengthening public, private sectors' ties

Pakistan Industrial and Traders Associations Front (PIAF) on Wednesday called for a mechanism to strengthen relations between public and private sectors institutions to pave the way for economic growth. The PIAF Chairman Malik Tahir Javaid in a statement
Published 12 Jun, 2014 12:00am
Shezan International Limited

Shezan International Limited

Incorporated in Pakistan in 1964, Shezan International Limited (KSE: SHEZ) was initially a joint venture between Shahnawaz Group and the Alliance Development Corporation of USA. Mainly engaged in the manufacturing and selling of juices, pickles, jams and
Published 12 Jun, 2014 12:00am
Shezan International Limited

Shezan International Limited

Incorporated in Pakistan in 1964, Shezan International Limited (KSE: SHEZ) was initially a joint venture between Shahnawaz Group and the Alliance Development Corporation of USA. Mainly engaged in the manufacturing and selling of juices, pickles, jams and
Published 12 Jun, 2014 12:00am
Appointment of heads through the Commission Process remains suspended?

Appointment of heads through the Commission Process remains suspended?

The process of appointments of heads of regulatory bodies and state-owned enterprises is in suspension due to litigation in courts, sources in Establishment Division disclosed. According to an official of Establishment Division, the government after thoro
Published 12 Jun, 2014 12:00am
Nepra blamed for rising problems of K-Electric consumers

Nepra blamed for rising problems of K-Electric consumers

Non-existence of a working set-up of National Electric Power Regulatory Authority (Nepra) in the city was causing problems for K-Electric consumers in getting their complaints registered against the power utility. Although the Nepra's former vice chairman
Published 12 Jun, 2014 12:00am
Sheerazis meet Shahbaz

Sheerazis meet Shahbaz

The Sheerazi brothers of Thatta in Sindh called on Punjab Chief Minister Shahbaz Sharif here on Wednesday. The overall situation of the country and political issues were discussed in the meeting. The Chief Minister said that Pakistan was facing challenges
Published 12 Jun, 2014 12:00am
Siraj for getting rid of IMF slavery

Siraj for getting rid of IMF slavery

Ameer Jamaat-i-Islami Sirajul Haq has said that the country's development and prosperity could not be achieved without getting rid of the IMF slavery and adopting the path of self-reliance. In his presidential address at a post budget seminar at Mansura o
Published 12 Jun, 2014 12:00am
SHC verdict in Musharraf's ECL case today

SHC verdict in Musharraf's ECL case today

The Sindh High Court (SHC) will announced its final verdict in the Exit Control List case on Thursday in which the federal government had restricted former military ruler General Pervez Musharraf (retired) to leave the country as he was facing sedition an
Published 12 Jun, 2014 12:00am
Non provision of pension: Supreme Court summons official

Non provision of pension: Supreme Court summons official

Supreme Court of Pakistan here on Wednesday expressing serious dismay over non provision of pension to 20 years ago retired government employee and directed secretary forest to appear before the court along with the record of the petitioner on June 13 and
Published 12 Jun, 2014 12:00am
Indonesia's coffee output to plunge

Indonesia's coffee output to plunge

Indonesia's coffee output is likely to plunge to a three-year low in 2014/15 due to unfriendly crop weather while higher domestic consumption will soak up about half the produce, a Reuters survey showed, curbing sales by the key exporter. Lower supplies f
Published 12 Jun, 2014 12:00am
Wheat to 3-1/2 months low ahead of monthly USDA report

Wheat to 3-1/2 months low ahead of monthly USDA report

US wheat futures fell to a 3-1/2 month low on Tuesday ahead of a monthly US Department of Agriculture report that analysts expect will show rising domestic wheat stocks. Corn futures fell on favorable crop weather in the US Midwest, but soybeans rose on e
Published 12 Jun, 2014 12:00am
USDA pegs 2014-15 cotton supplies at six-year high

USDA pegs 2014-15 cotton supplies at six-year high

The US Department of Agriculture (USDA) on Wednesday forecast US cotton inventories for the upcoming season will hit their highest in six years as farmers grow more fiber after favourable planting conditions, keeping prices under pressure. The report was
Published 12 Jun, 2014 12:00am
Shanghai copper rebound

Shanghai copper rebound

Shanghai copper end its current rebound from the June 9 low of 47,220 yuan per tonne around resistance at 47,740 yuan and then fall to support at 47,290 yuan. This rebound was triggered by the 50 percent Fibonacci retracement on the rise from the April 16
Published 12 Jun, 2014 12:00am
Zinc hovers near 15-month peak, copper steadies

Zinc hovers near 15-month peak, copper steadies

Zinc hovered near its highest levels in 15 months on Wednesday as investors eyed falling stocks and a pending mine supply shortfall next year, while copper steadied after recent falls following China's port probe into warehouse fraud. Daily data out earli
Published 12 Jun, 2014 12:00am
Brent crude up near $110 on Iraq supply disruption fears

Brent crude up near $110 on Iraq supply disruption fears

Brent oil futures climbed toward $110 a barrel on Wednesday as violence in Iraq prompted worries about the supply outlook, while US crude struggled to make gains near key levels of resistance. Militants from an al Qaeda splinter group who seized Iraq's se
Published 12 Jun, 2014 12:00am
The Weather

The Weather

The weather report on Wednesday (June 11, 2014) and the forecast for Thursday (June 12, 2014).

Published 12 Jun, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 11, 2014).

Published 12 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 12 Jun, 2014 12:00am
Palm oil slides to near eight-month low on rising supply fears

Palm oil slides to near eight-month low on rising supply fears

Malaysian palm oil futures slid to a near eight-month low on Wednesday as worries over rising edible oil supplies amid lagging demand weighed, although expectations of a potential El Nino hitting crops curbed losses. Industry data released on Tuesday show
Published 12 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 12 Jun, 2014 12:00am
Sugar dips as Brazil crush proceeds, coffee rallies

Sugar dips as Brazil crush proceeds, coffee rallies

ICE raw sugar futures prices dipped on Tuesday, under pressure from a brisk cane crush in Brazil, while arabica coffee rallied as speculators piled in due to uncertainty over drought damage to Brazilian crops. Cocoa futures were little changed but underpi
Published 12 Jun, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 11, 2014).

Published 12 Jun, 2014 12:00am
Palladium holds near 3-1/2-year high

Palladium holds near 3-1/2-year high

Palladium held near its highest level in more than three years in a volatile session on Wednesday, underpinned by physical demand for the precious metal, as well as a five-month strike in South Africa. Palladium often tracks sister metal platinum, which h
Published 12 Jun, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (June 11, 2014) and for Thursday (June 12, 2014).
Published 12 Jun, 2014 12:00am
Palladium hits 13-1/2 year high on supply worries

Palladium hits 13-1/2 year high on supply worries

Palladium jumped to its highest level since early 2001 on Wednesday, benefiting from a five-month strike in South Africa and strong demand from the auto sector. Palladium has risen 20 percent so far this year, underpinned by supply worries after a South A
Published 12 Jun, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 11, 2014).

Published 12 Jun, 2014 12:00am
Tokyo rubber rallies for fourth day

Tokyo rubber rallies for fourth day

Benchmark Tokyo rubber futures rose for a fourth straight session on Wednesday, finishing within striking distance of the psychologically important 200-yen level, as traders covered positions as the contract continued to rise from last week's depths. Toky
Published 12 Jun, 2014 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

Wheat futures on the Chicago Board of Trade fell to a 3-1/2 month low on Wednesday after the US Department of Agriculture raised its forecasts of US and world wheat stocks above trade expectations in a monthly report, traders said. K.C. hard red winter wh
Published 12 Jun, 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 (June 11, 2014).

Published 12 Jun, 2014 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

US corn futures fell for the third straight session to the lowest levels in more than four months on Wednesday, declining in the wake of a government crop report showing larger global grain supplies, traders said. The US Agriculture Department in a monthl
Published 12 Jun, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 11, 2014).

Published 12 Jun, 2014 12:00am
Nawab Marri dies

Nawab Marri dies

Veteran Baloch nationalist Nawab Khair Baksh Marri, who was widely known for his mannerism and ultra-nationalist political attitudes, died after a protracted illness at a hospital in Karachi on Tuesday. The Nawab, 86, was one of the four politicians who s
Published 12 Jun, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 11, 2014).

Published 12 Jun, 2014 12:00am
Security flaw takes down Twitter''s TweetDeck

Security flaw takes down Twitter''s TweetDeck

Twitter said Wednesday it briefly took down its popular TweetDeck application to view and manage messages because of a security flaw, which prompted some calls to stop using the program. The popular messaging platform said it discovered "a security issue
Published 12 Jun, 2014 12:00am
Security flaw takes down Twitter's TweetDeck

Security flaw takes down Twitter's TweetDeck

Twitter said Wednesday it briefly took down its popular TweetDeck application to view and manage messages because of a security flaw, which prompted some calls to stop using the program. The popular messaging platform said it discovered "a security issue
Published 12 Jun, 2014 12:00am
Security flaw takes down Twitter's TweetDeck

Security flaw takes down Twitter's TweetDeck

Twitter said Wednesday it briefly took down its popular TweetDeck application to view and manage messages because of a security flaw, which prompted some calls to stop using the program. The popular messaging platform said it discovered "a security issue
Published 12 Jun, 2014 12:00am
THE RUPEE: slight rise

THE RUPEE: slight rise

The rupee moved with marginal gains against the dollar on the local currency market on Wednesday in the process of trading, dealers said. The rupee managed to hold the overnight levels versus the dollar for buying and selling at Rs 98.58 and Rs 98.60, the
Published 12 Jun, 2014 12:00am
Altaf 'hate speech' charges: Scotland Yard drops probe

Altaf 'hate speech' charges: Scotland Yard drops probe

Scotland Yard Wednesday announced scrapping the investigations against Muttahida Qaumi Movement (MQM) chief Altaf Hussain for 'inciting violence', a private TV reported here on Wednesday. According to a statement issued here, Scotland Yard stated that Alt
Published 12 Jun, 2014 12:00am
THE RUPEE: slight rise

THE RUPEE: slight rise

The rupee moved with marginal gains against the dollar on the local currency market on Wednesday in the process of trading, dealers said. The rupee managed to hold the overnight levels versus the dollar for buying and selling at Rs 98.58 and Rs 98.60, the
Published 12 Jun, 2014 12:00am
Altaf 'hate speech' charges: Scotland Yard drops probe

Altaf 'hate speech' charges: Scotland Yard drops probe

Scotland Yard Wednesday announced scrapping the investigations against Muttahida Qaumi Movement (MQM) chief Altaf Hussain for 'inciting violence', a private TV reported here on Wednesday. According to a statement issued here, Scotland Yard stated that Alt
Published 12 Jun, 2014 12:00am
EU takes on Apple, Starbucks tax breaks

EU takes on Apple, Starbucks tax breaks

The European Union launched a probe Wednesday into sweetheart tax deals negotiated by Apple, Starbucks and Fiat with three member states. The investigation will attempt to determine whether such arrangements offered by Ireland, Netherlands and Luxembourg
Published 12 Jun, 2014 12:00am
EU takes on Apple, Starbucks tax breaks

EU takes on Apple, Starbucks tax breaks

The European Union launched a probe Wednesday into sweetheart tax deals negotiated by Apple, Starbucks and Fiat with three member states. The investigation will attempt to determine whether such arrangements offered by Ireland, Netherlands and Luxembourg
Published 12 Jun, 2014 12:00am
EU takes on Apple, Starbucks tax breaks

EU takes on Apple, Starbucks tax breaks

The European Union launched a probe Wednesday into sweetheart tax deals negotiated by Apple, Starbucks and Fiat with three member states. The investigation will attempt to determine whether such arrangements offered by Ireland, Netherlands and Luxembourg
Published 12 Jun, 2014 12:00am
EU takes on Apple, Starbucks tax breaks

EU takes on Apple, Starbucks tax breaks

The European Union launched a probe Wednesday into sweetheart tax deals negotiated by Apple, Starbucks and Fiat with three member states. The investigation will attempt to determine whether such arrangements offered by Ireland, Netherlands and Luxembourg
Published 12 Jun, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 11, 2014).

Published 12 Jun, 2014 12:00am
World Bank estimates 3.7 percent growth for 2013-14

World Bank estimates 3.7 percent growth for 2013-14

The World Bank has estimated 3.7 percent growth rate for 2013-14, 0.4 percent lower than the Economic Survey 2013-14 and 0.4 percent higher than the estimates of the International Monetary Fund (IMF). The World Bank in its report, "Global economic prospec
Published 12 Jun, 2014 12:00am
World Bank estimates 3.7 percent growth for 2013-14

World Bank estimates 3.7 percent growth for 2013-14

The World Bank has estimated 3.7 percent growth rate for 2013-14, 0.4 percent lower than the Economic Survey 2013-14 and 0.4 percent higher than the estimates of the International Monetary Fund (IMF). The World Bank in its report, "Global economic prospec
Published 12 Jun, 2014 12:00am
World Bank estimates 3.7 percent growth for 2013-14

World Bank estimates 3.7 percent growth for 2013-14

The World Bank has estimated 3.7 percent growth rate for 2013-14, 0.4 percent lower than the Economic Survey 2013-14 and 0.4 percent higher than the estimates of the International Monetary Fund (IMF). The World Bank in its report, "Global economic prospec
Published 12 Jun, 2014 12:00am
World Bank estimates 3.7 percent growth for 2013-14

World Bank estimates 3.7 percent growth for 2013-14

The World Bank has estimated 3.7 percent growth rate for 2013-14, 0.4 percent lower than the Economic Survey 2013-14 and 0.4 percent higher than the estimates of the International Monetary Fund (IMF). The World Bank in its report, "Global economic prospec
Published 12 Jun, 2014 12:00am
Marri's funeral prayer in Quetta today

Marri's funeral prayer in Quetta today

Funeral prayer of veteran Baloch nationalist leader Nawab Khair Bakhsh Marri will be held in Quetta on Thursday (June 12). Balochistan Minister for Irrigation and Power Nawabzada Jangaiz Marri, the eldest son of deceased Nawab Marri here on Wednesday told
Published 12 Jun, 2014 12:00am
Marri's funeral prayer in Quetta today

Marri's funeral prayer in Quetta today

Funeral prayer of veteran Baloch nationalist leader Nawab Khair Bakhsh Marri will be held in Quetta on Thursday (June 12). Balochistan Minister for Irrigation and Power Nawabzada Jangaiz Marri, the eldest son of deceased Nawab Marri here on Wednesday told
Published 12 Jun, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Jun, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 12 Jun, 2014 12:00am
Over $14.33 billion remittances received in July-May

Over $14.33 billion remittances received in July-May

Overseas Pakistani workers remitted an amount of $14,332.97 million in the first eleven months (July-May) of the current fiscal year 2013-14 (FY14), showing a growth of 12.37 per cent when compared with $12,755.37 million received during the same period o
Published 12 Jun, 2014 12:00am
Over $14.33 billion remittances received in July-May

Over $14.33 billion remittances received in July-May

Overseas Pakistani workers remitted an amount of $14,332.97 million in the first eleven months (July-May) of the current fiscal year 2013-14 (FY14), showing a growth of 12.37 per cent when compared with $12,755.37 million received during the same period o
Published 12 Jun, 2014 12:00am
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