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Print - 2014-06-18
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Development funds: opposition lawmakers seek Gilani's help

Development funds: opposition lawmakers seek Gilani's help

Taking a full advantage of former Prime Minister, Yousuf Raza Gilani's presence at Sindh Assembly on Tuesday, the opposition urged upon him to persuade the Sindh government to allocate development funds for opposition's lawmakers. Yousuf Raza Gilani visit
Published 18 Jun, 2014 12:00am
Pemra-related petitions: IHC adjourns proceedings to June 26

Pemra-related petitions: IHC adjourns proceedings to June 26

The Islamabad High Court on Tuesday adjourned the proceedings of two petitions relating to Pakistan Electronic Media Regulatory Authority (PEMRA) till June 26. A single-member bench of Justice Noor-ul-Haq N. Qureshi heard the two petitions against the rem
Published 18 Jun, 2014 12:00am
PML-N government should revise its policies: Gilani

PML-N government should revise its policies: Gilani

Vice Chairman of Pakistan People's Party Syed Yousuf Raza Gilani said on Tuesday that the PPP will fully support the federal government's decision to launch military operation against the Taliban in North Waziristan as it was in the interest of the countr
Published 18 Jun, 2014 12:00am
Army chief's resolve against terrorism

Army chief's resolve against terrorism

Enough is enough. That is enough, and there should be no more. Stop. Chief of Army Staff (CoAS) General Raheel Sharif, who visited Corps Headquarters Peshawar on Monday where he was given a detailed briefing on the progress of Operation Zarb-e-Azb, has th
Published 18 Jun, 2014 12:00am
Green managers stuff funds with Apple after environmental reforms

Green managers stuff funds with Apple after environmental reforms

Apple Inc, criticised in the past for greenhouse gas emissions, use of toxic materials and the hiring of underage workers, has improved its practices and earned better scores from groups such as Greenpeace. That's good news for environmentally-aware mutua
Published 18 Jun, 2014 12:00am
US banks seen falling short of new debt funding rule

US banks seen falling short of new debt funding rule

Wells Fargo, State Street and J.P. Morgan Chase & Co are below or almost at minimum capital thresholds expected to be included in a rule still being hammered out by US regulators that's meant to mitigate taxpayer losses in another financial crisis, accord
Published 18 Jun, 2014 12:00am
The lure of cheap LNG from US?

The lure of cheap LNG from US?

It appears that finally LNG will come to Pakistan's gas networked sometimes next year. In the kind of emergency situation that we are in, the only short-term solution appears to be LNG; all other options being several years away. PSO has advertised for pr
Published 18 Jun, 2014 12:00am
Apathetic attitude

Apathetic attitude

A report appearing in this paper the other day tells yet another sordid tale of governmental indifference towards environmental pollution. Karachi with its over 23 million population, has just two small functional sewage treatment plants at Gutter Baghich
Published 18 Jun, 2014 12:00am
The Weather

The Weather

The weather report on Tuesday (June 17, 2014) and the forecast for Wednesday (June 18, 2014).

Published 18 Jun, 2014 12:00am
Sindh Budget

Sindh Budget

Chief Minister Sindh, Syed Qaim Ali Shah unveiled a Rs 686.2 billion budget for the fiscal year 2014-15, with a deficit projected at Rs 14 billion and slight or no adjustments in the existing tax rates. The proposed budget is Rs 136 billion or 24 percent
Published 18 Jun, 2014 12:00am
Rights of promotion: IRAOAP to utilise all legal options

Rights of promotion: IRAOAP to utilise all legal options

Inland Revenue Audit Officers Association of Pakistan (IRAOAP) on Tuesday decided to utilise all legal options including strike call to secure the rights of promotion. This was decided through a resolution adopted in the meeting of the association which w
Published 18 Jun, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
PGMEA Chairman seeks ban on export of blue split leather

PGMEA Chairman seeks ban on export of blue split leather

The Chairman of Pakistan Gloves Manufacturers and Exporters Association (PGMEA) Syed Shahzada Ibn-e-Ahmed Iqbal has demanded imposition of ban immediately on export of "blue split leather" to save the gloves industry from total collapse.
Published 18 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 18 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 18 Jun, 2014 12:00am
'Cattle markets to be built on modern lines'

'Cattle markets to be built on modern lines'

Commissioner Lahore Division, Rashid Mehmood Langrial, has said that establishment of Lahore Division Cattle Market Management Company will take concrete measures to eliminate the existing orthodox cattle market system. He said the Cattle Company would ru
Published 18 Jun, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (June 17, 2014) and for Wednesday (June 18, 2014).
Published 18 Jun, 2014 12:00am
US natural gas futures lower with heat seen easing next week

US natural gas futures lower with heat seen easing next week

US natural gas futures ended lower on Monday as record production and predicted cooler temperatures next week offset increased air conditioning demand in the Midwest and East this week. Front-month natural gas futures on the New York Mercantile Exchange s
Published 18 Jun, 2014 12:00am
Bangladesh tea prices slightly higher

Bangladesh tea prices slightly higher

Tea prices in Bangladesh were slightly higher at a weekly auction on Tuesday due to strong demand from local buyers, although a larger volume remained unsold. Bangladeshi tea fetched an average of 176.73 taka ($2.4) per kg at the auction against 176.09 ta
Published 18 Jun, 2014 12:00am
Vietnamese coffee prices rise, trading remains slow

Vietnamese coffee prices rise, trading remains slow

The gap between Vietnamese coffee prices and London robusta futures narrowed this week, but sales on domestic markets slowed amid plentiful stocks, traders said on Tuesday. Vietnam, the world's largest robusta producer, has exported around 70 percent of i
Published 18 Jun, 2014 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot cash basis bids for hard red winter wheat were steady in the US Plains on Tuesday as harvest picked up. About 16 percent of the new winter wheat crop had been harvested as of June 15, according to the US Department of Agriculture. That is slightly be
Published 18 Jun, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2,022 million. Number of lots traded was 8,131 and PMEX Commodity Index closed at 3,010. Major business was contributed by gold amounting to PKR 1,167 million, followed by
Published 18 Jun, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 18 Jun, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 18 Jun, 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 18 Jun, 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 18 Jun, 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 18 Jun, 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 Tuesday (June 17, 2014).

Published 18 Jun, 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 Tuesday (June 17, 2014).

Published 18 Jun, 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 Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Lahore killings seek to eclipse NW operation

Lahore killings seek to eclipse NW operation

Eight people, including two women, were killed and 96 sustained injuries in a clash between Pakistan Awami Tehrik (PAT) workers and police at the Model Town residence of Allama Tahirul Qadari here on Tuesday. Those killed were identified as Shazia, Murtaz
Published 18 Jun, 2014 12:00am
Lahore killings seek to eclipse NW operation

Lahore killings seek to eclipse NW operation

Eight people, including two women, were killed and 96 sustained injuries in a clash between Pakistan Awami Tehrik (PAT) workers and police at the Model Town residence of Allama Tahirul Qadari here on Tuesday. Those killed were identified as Shazia, Murtaz
Published 18 Jun, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 17, 2014).
Published 18 Jun, 2014 12:00am
Army should take control: Qadri

Army should take control: Qadri

"Before things get out of control, the army should take control," Dr Tahirul Qadri told a press conference through a video link from Canada on Tuesday.
Published 18 Jun, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Army should take control: Qadri

Army should take control: Qadri

"Before things get out of control, the army should take control," Dr Tahirul Qadri told a press conference through a video link from Canada on Tuesday.
Published 18 Jun, 2014 12:00am
Judicial commission to ascertain facts: chief minister

Judicial commission to ascertain facts: chief minister

Punjab Chief Minister Shahbaz Sharif on Tuesday announced the formation of a Judicial Commission to investigate the killings in violent clashes in Model Town. "A Judicial Commission of Lahore High Court will ascertain the causes of this tragic incident an
Published 18 Jun, 2014 12:00am
Judicial commission to ascertain facts: chief minister

Judicial commission to ascertain facts: chief minister

Punjab Chief Minister Shahbaz Sharif on Tuesday announced the formation of a Judicial Commission to investigate the killings in violent clashes in Model Town. "A Judicial Commission of Lahore High Court will ascertain the causes of this tragic incident an
Published 18 Jun, 2014 12:00am
Nawaz urges Karzai to stop militant exodus

Nawaz urges Karzai to stop militant exodus

Prime Minister Nawaz Sharif has urged Afghanistan's leader to help stop insurgents escaping a major military offensive near their border, as residents who fled the area anxiously awaited news Tuesday of those left behind. Sharif asked President Hamid Karz
Published 18 Jun, 2014 12:00am
Nawaz urges Karzai to stop militant exodus

Nawaz urges Karzai to stop militant exodus

Prime Minister Nawaz Sharif has urged Afghanistan's leader to help stop insurgents escaping a major military offensive near their border, as residents who fled the area anxiously awaited news Tuesday of those left behind. Sharif asked President Hamid Karz
Published 18 Jun, 2014 12:00am
Stocks take heavy battering

Stocks take heavy battering

Equities received heavy battering Tuesday, weighed by unrest in Lahore and concerns over ongoing military operation against militants in WA. The benchmark KSE-100 Index shed 326.44 points to close at 29,324.60 points. Ahsan Mehanti, an analyst at Arif Hab
Published 18 Jun, 2014 12:00am
Stocks take heavy battering

Stocks take heavy battering

Equities received heavy battering Tuesday, weighed by unrest in Lahore and concerns over ongoing military operation against militants in WA. The benchmark KSE-100 Index shed 326.44 points to close at 29,324.60 points. Ahsan Mehanti, an analyst at Arif Hab
Published 18 Jun, 2014 12:00am
Stocks take heavy battering

Stocks take heavy battering

Equities received heavy battering Tuesday, weighed by unrest in Lahore and concerns over ongoing military operation against militants in WA. The benchmark KSE-100 Index shed 326.44 points to close at 29,324.60 points. Ahsan Mehanti, an analyst at Arif Hab
Published 18 Jun, 2014 12:00am
BRIndex30 sheds 220.04 points

BRIndex30 sheds 220.04 points

On Tues-day, BRIndex30 opened at 17,363.49. It touched an intraday high of 17,525.79 and an intraday low of 17,123.49 and closed at 17,143.45 which was -220.04 points or -1.27 percent lower than previous close. Total volume was 95,569,700, which was 62.24
Published 18 Jun, 2014 12:00am
BRIndex30 sheds 220.04 points

BRIndex30 sheds 220.04 points

On Tues-day, BRIndex30 opened at 17,363.49. It touched an intraday high of 17,525.79 and an intraday low of 17,123.49 and closed at 17,143.45 which was -220.04 points or -1.27 percent lower than previous close. Total volume was 95,569,700, which was 62.24
Published 18 Jun, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Iraq sacks top officers as UN warns of break-up

Iraq sacks top officers as UN warns of break-up

Iraq's prime minister fired several top security commanders in a major shake-up Tuesday as fighting approached Baghdad in a militant onslaught that the UN warned risked breaking the country up. Washington deployed some 275 military personnel to protect it
Published 18 Jun, 2014 12:00am
Iraq sacks top officers as UN warns of break-up

Iraq sacks top officers as UN warns of break-up

Iraq's prime minister fired several top security commanders in a major shake-up Tuesday as fighting approached Baghdad in a militant onslaught that the UN warned risked breaking the country up. Washington deployed some 275 military personnel to protect it
Published 18 Jun, 2014 12:00am
Gas cess reduced, agriculture sector given relief

Gas cess reduced, agriculture sector given relief

Finance Minister Ishaq Dar announced a considerable decrease in the proposed Gas Infrastructure Development Cess (GIDC), a reduction in sales tax on imported 'Belarus Tractors' from 16 to 10 percent and imported edible seeds from 17 to 16 percent. Accordi
Published 18 Jun, 2014 12:00am
Gas cess reduced, agriculture sector given relief

Gas cess reduced, agriculture sector given relief

Finance Minister Ishaq Dar announced a considerable decrease in the proposed Gas Infrastructure Development Cess (GIDC), a reduction in sales tax on imported 'Belarus Tractors' from 16 to 10 percent and imported edible seeds from 17 to 16 percent. Accordi
Published 18 Jun, 2014 12:00am
Gas cess reduced, agriculture sector given relief

Gas cess reduced, agriculture sector given relief

Finance Minister Ishaq Dar announced a considerable decrease in the proposed Gas Infrastructure Development Cess (GIDC), a reduction in sales tax on imported ''Belarus Tractors'' from 16 to 10 percent and imported edible seeds from 17 to 16 percent. Accor
Published 18 Jun, 2014 12:00am
Rs 250 ST imposed on SIM cards

Rs 250 ST imposed on SIM cards

The government on Tuesday decided to impose a Rs 250 sales tax on Subscriber Identification Module (SIM) cards to be payable at the time of supply by telecom companies, revised the procedure for collection of 5 percent tax on bonus shares issued by listed
Published 18 Jun, 2014 12:00am
Rs 250 ST imposed on SIM cards

Rs 250 ST imposed on SIM cards

The government on Tuesday decided to impose a Rs 250 sales tax on Subscriber Identification Module (SIM) cards to be payable at the time of supply by telecom companies, revised the procedure for collection of 5 percent tax on bonus shares issued by listed
Published 18 Jun, 2014 12:00am
Rs 250 ST imposed on SIM cards

Rs 250 ST imposed on SIM cards

The government on Tuesday decided to impose a Rs 250 sales tax on Subscriber Identification Module (SIM) cards to be payable at the time of supply by telecom companies, revised the procedure for collection of 5 percent tax on bonus shares issued by listed
Published 18 Jun, 2014 12:00am
Rs 250 ST imposed on SIM cards

Rs 250 ST imposed on SIM cards

The government on Tuesday decided to impose a Rs 250 sales tax on Subscriber Identification Module (SIM) cards to be payable at the time of supply by telecom companies, revised the procedure for collection of 5 percent tax on bonus shares issued by listed
Published 18 Jun, 2014 12:00am
Interpol launches first-ever trafficking, counterfeiting casebook

Interpol launches first-ever trafficking, counterfeiting casebook

Interpol launches its first-ever trafficking and counterfeiting casebook providing evidence of the connection between illicit trade and other types of organized crimes. The casebook details organised crime networks and how funds generated from illicit tra
Published 18 Jun, 2014 12:00am
US joins bid to create vast Pacific marine reserve

US joins bid to create vast Pacific marine reserve

The United States joined forces with other nations Tuesday to declare a vast swath of the Pacific Ocean a marine sanctuary and take "historic" steps to combat illegal fishing. Taking the helm in a stepped up fight to save the planet's oceans, President Ba
Published 18 Jun, 2014 12:00am
LSE index loses 69.75 points

LSE index loses 69.75 points

Bearish sentiments dominated on the Lahore Stock Exchange on Tuesday and the equities suffered losses amid selling pressure in oil sector shares. The LSE-25 index lost 69.75 points to close at 5721.87 against 5791.62 of Monday while transaction volume was
Published 18 Jun, 2014 12:00am
LSE index loses 69.75 points

LSE index loses 69.75 points

Bearish sentiments dominated on the Lahore Stock Exchange on Tuesday and the equities suffered losses amid selling pressure in oil sector shares. The LSE-25 index lost 69.75 points to close at 5721.87 against 5791.62 of Monday while transaction volume was
Published 18 Jun, 2014 12:00am
ISE index down by 54.22 points

ISE index down by 54.22 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Tuesday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 54.22 points as the ISE Ten Index moved from 4,454.90 to 4,400.68 points. The ov
Published 18 Jun, 2014 12:00am
ISE index down by 54.22 points

ISE index down by 54.22 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Tuesday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 54.22 points as the ISE Ten Index moved from 4,454.90 to 4,400.68 points. The ov
Published 18 Jun, 2014 12:00am
'R&D funds be spent on beneficial, result-oriented projects'

'R&D funds be spent on beneficial, result-oriented projects'

While chairing a meeting of ICT R&D Fund, the Minister of State for IT Anusha Rahman expressed government's firm resolve to ensure that industry contributed national ICT and R&D fund plays its assigned role in an appropriate way by fuelling research and t
Published 18 Jun, 2014 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

Little changes were seen on the money market on Tuesday as the rupee fluctuated slightly against the dollar in the process of trading, dealers said. The rupee managed to pick up three-paisa against the dollar for buying at Rs 98.50 and it also gained one-
Published 18 Jun, 2014 12:00am