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Print - 2014-07-08
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (July 07, 2014) and for Tuesday (July 08, 2014).
Published 08 Jul, 2014 12:00am
Nepra to hold meeting at KCCI on July 14

Nepra to hold meeting at KCCI on July 14

National Electric Power Regulatory Authority (Nepra) in order to help resolve the issues concerning K-Electric has decided to convene a meeting on July 14 at Karachi Chamber of Commerce and Industry (KCCI), it is learnt here on Monday.
Published 08 Jul, 2014 12:00am
Shahbaz discusses energy projects with Chinese companies

Shahbaz discusses energy projects with Chinese companies

Chief Minister Punjab Muhammad Shahbaz Sharif here on Monday held separate meetings with heads and representatives of government and autonomous companies and financial institutions of China. On this occasion, suggestions were finalised for various solar a
Published 08 Jul, 2014 12:00am
Electoral reforms: Minister asks Imran to play active role

Electoral reforms: Minister asks Imran to play active role

Federal Minister for Information and Broadcasting Pervaiz Rashid said on Monday that the government would encourage and support any proposal for electoral reforms in the country. Talking to media persons after attending the meeting of Senate Standing Comm
Published 08 Jul, 2014 12:00am
'Increase in LPG prices unjustified'

'Increase in LPG prices unjustified'

The Liquefied Petroleum Gas (LPG) marketing companies have increased the price of the commodity by Rs 15 per kg within a short span of time. All Pakistan LPG Distributors Association Chairman Irfan Khokar said the increase in LPG prices was unjustified as
Published 08 Jul, 2014 12:00am
'Modi gets a hostile reception in IHK'

'Modi gets a hostile reception in IHK'

Apropos Business Recorder editorial 'Modi gets a hostile reception in held Kashmir', one needs to appreciate the profundity of argument articulated by the newspaper. As pointed out by the newspaper, the day Modi arrived in Srinagar, police erected
Published 08 Jul, 2014 12:00am
Turkey economy risks choppy waters under Erdogan presidency

Turkey economy risks choppy waters under Erdogan presidency

Prime Minister Recep Tayyip Erdogan appears all but assured of winning upcoming Turkish presidential polls, but he could find himself in charge of a far more fragile economy than in the last decade of his rule. Analysts say the Turkish strongman is jeopar
Published 08 Jul, 2014 12:00am
An EU agenda: keeping British in, Russians out, Germans down

An EU agenda: keeping British in, Russians out, Germans down

The first secretary-general of Nato, Lord Ismay, once said the Western defence alliance was created "to keep the Americans in, the Russians out and the Germans down". The task facing the European Union now might be described as to keep the British in, the
Published 08 Jul, 2014 12:00am
The Weather

The Weather

The weather report on Monday (July 07, 2014) and the forecast for Tuesday (July 08, 2014).

Published 08 Jul, 2014 12:00am
A tough job for FBR

A tough job for FBR

Besides their negative effects, pressure from International Finance Institutions lending to Pakistan, has had one positive effect - eventual realisation by the government that Pakistan's tax-to-GDP ratio must improve; because this effort was delayed for t
Published 08 Jul, 2014 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 08 Jul, 2014 12:00am
Dalai Lama's appeal to co-religionists

Dalai Lama's appeal to co-religionists

At his 79th birthday celebrations, Dalai Lama, the spiritual leader of Tibetan Buddhists, used his moral authority to urge Myanmar and Sri Lankan Buddhists to stop violence against Muslims. Non-violence being central precept of the teachings of his faith,
Published 08 Jul, 2014 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 08 Jul, 2014 12:00am
GIDC: unwarranted and unadvised tensions

GIDC: unwarranted and unadvised tensions

A Business Recorder exclusive had revealed that the raise in Gas Infrastructure Development Cess (GIDC) would generate greater revenue from Sindh industry, particularly the textile sector that operates captive power plants as opposed to Punjab. The
Published 08 Jul, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Minister condemns Indian firing in Rawlakot

Minister condemns Indian firing in Rawlakot

Federal Minister for Kashmir Affairs & Gilgit-Baltistan Chaudhry Barjees Tahir has strongly condemned the firing along the Line of Control (LOC) by Indian troops in Abbaspur area of Rawlakot resulting in injuries to a citizen. In a statement here on Monda
Published 08 Jul, 2014 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Hamid Nawaz elected President of CBO

Hamid Nawaz elected President of CBO

Hamid Nawaz has been elected President Anjuman Rafah-e-Ammah a Community Based Organisation (CBO) working in Muslim Colony Jiamusa Shahdara Lahore. The CBO is running two dispensaries, a laboratory, a vocational school for girls and a library. It has also
Published 08 Jul, 2014 12:00am
Military operation was last option, says KP Governor

Military operation was last option, says KP Governor

KP Governor Sardar Mahtab Ahmad Khan has said that operation was last remaining option with the government. However, he said that efforts were being made to avoid civilian losses and make it a targeted to complete it in shortest possible time period and r
Published 08 Jul, 2014 12:00am
Akbar Bugti murder case adjourns till July 11

Akbar Bugti murder case adjourns till July 11

The hearing of the Nawab Akbar Khan Bugti murder case was adjourned on Monday till August 11 due to the judge of Anti Terrorism Court was on leave. According to details, the hearing of the Nawab Akbar Bugti murder case was not held as the judge of the Ant
Published 08 Jul, 2014 12:00am
MQM records history to organise a rally in Ramazan: Altaf

MQM records history to organise a rally in Ramazan: Altaf

MQM Chief Altaf Hussain has said that they had recorded a new history by organising a successful mass gathering in the holy month of Ramazan within a short notice. In a statement issued from London, Hussain appreciated his workers and supporters, includin
Published 08 Jul, 2014 12:00am
Removal of MD PTV: intra-court appeal dismissed

Removal of MD PTV: intra-court appeal dismissed

The Islamabad High Court (IHC) on Monday dismissed the intra-court appeal challenging the court's order to remove Managing Director (MD) PTV Muhammad Malick. The division bench headed by Chief Justice Anwar Kansi and comprising Justice Noorul Haq Qureshi
Published 08 Jul, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Allegations against vice chancellor: court seeks more arguments

Allegations against vice chancellor: court seeks more arguments

The Lahore High Court here on Monday expressed its concern over allegations of sexual harassment against Punjab University Vice Chancellor (VC) Dr Mujahid Kamran. It observed that the status of a teacher is highly respectable but the allegations against D
Published 08 Jul, 2014 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Shahtaj Textile Mill Limited

Shahtaj Textile Mill Limited

A Shahnawaz group company, Shahtaj Textile Limited (KSE: STJT) was incorporated in 1990 and is listed on the Karachi and Lahore Stock Exchanges. Its production facilities are situated in the hub of textile industries near Lahore. The mills went into comme
Published 08 Jul, 2014 12:00am
Chinese iron ore futures fall as restocking momentum seen waning

Chinese iron ore futures fall as restocking momentum seen waning

Chinese iron ore futures dropped for a second straight session on Monday, reflecting a market still struggling with a supply glut as a recent bout of restocking by steel producers may have ended. Stocks of imported iron ore at China's ports hit a new reco
Published 08 Jul, 2014 12:00am
Healthy cocoa flowers good omen for next Ivory Coast crop

Healthy cocoa flowers good omen for next Ivory Coast crop

The flowers that will become the cocoa harvested for next season's main crop have begun to appear in Ivory Coast's main cocoa growing regions as heavy rains continued to fall last week, farmers and analysts said on Monday. The April-to-September mid-crop
Published 08 Jul, 2014 12:00am
European physical coal prices fall

European physical coal prices fall

European physical coal prices for delivery in August fell along with weakening oil and gas markets on Monday and the drop was further supported by a trading house selling down its stock, traders said. Cargoes for delivery in August to Amsterdam, Rotterdam
Published 08 Jul, 2014 12:00am
Strategie Grains hikes EU rapeseed crop forecast

Strategie Grains hikes EU rapeseed crop forecast

Strategie Grains has increased its outlook for this year's rapeseed harvest in the European Union to a record level reflecting favourable weather. In its monthly oilseed report, the analyst added 700,000 tonnes to its forecast to bring it to 22.5 million
Published 08 Jul, 2014 12:00am
HRW wheat bids steady

HRW wheat bids steady

Spot cash basis bids for hard red winter wheat in the US Plains were steady on Monday in a quiet market, merchants said. Supplies were ample to meet needs, said a Kansas grain dealer. Protein premiums for railcar wheat to and through Kansas City were unch
Published 08 Jul, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Monday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 851 million. Number of lots traded was 3,486 and PMEX Commodity Index closed at 3,063. Major business was contributed by gold amounting to PKR 548 million, followed by crude
Published 08 Jul, 2014 12:00am
Prices up on grain market

Prices up on grain market

Upward trend was witnessed on the wholesale grain market on Monday in the process of modest trading, dealers said. On the cereals side, Moong Punjab was sharply higher by Rs 1250 to Rs 11250 and wheat New Bardan gained Rs 60 to Rs 3360, other commodities
Published 08 Jul, 2014 12:00am
Turkey tenders to buy wheat, barley

Turkey tenders to buy wheat, barley

Turkey's state grain agency TMO has issued an international tender to purchase and import up to 235,000 tonnes of milling wheat and 200,000 tonnes of animal feed barley, European traders said on Monday. The tender sought optional origin and closes on July
Published 08 Jul, 2014 12:00am
Asian naphtha crack flat

Asian naphtha crack flat

The Asian naphtha crack was mostly flat at $149.33 a tonne on Monday but nearly 11 percent higher than a month ago due to tight prompt supply and good demand. Malaysia-based Titan likely bought naphtha for August 21-25 delivery to Pasir Gudang last week,
Published 08 Jul, 2014 12:00am
Morocco seeks to buy soft wheat

Morocco seeks to buy soft wheat

Morocco's state grains agency ONICL has launched a tender to buy 170,000 tonnes of soft wheat from the local market, it said in a statement on Monday. It is the second tender since the end of the import campaign which ran from January 1 to April 30, when
Published 08 Jul, 2014 12:00am
Cotton market: prices fall amid improved supplies

Cotton market: prices fall amid improved supplies

Prices dropped modestly on the cotton market on Monday in the process of improved activity, dealers said. The official spot rate was lower by Rs 50 to Rs 6,300, they added. While, the prices of seed cotton from Sindh at Rs 3300 and Rs 3350, and in the Pun
Published 08 Jul, 2014 12:00am
Oil cake market rates

Oil cake market rates

Both the futures maintained upward trend on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The July contract closed at Rs 1858.50 and it opened with 30 paisa gained at Rs 1858.80 in the early session, they said.
Published 08 Jul, 2014 12:00am
EU wheat futures fall to five-month low

EU wheat futures fall to five-month low

European wheat futures slipped to a five-month low on Monday as the US market tumbled on favourable crop indications and a big harvest loomed in Europe. Forecasts for substantial rainfall in western Europe in the week ahead were raising the risk of damage
Published 08 Jul, 2014 12:00am
Russia's harvesting gathers pace, halts rise in wheat prices

Russia's harvesting gathers pace, halts rise in wheat prices

A rise in Russian wheat prices stalled last week as harvesting gathered pace, slightly easing concerns over wheat quality, which was still mixed, analysts and a trader said on Monday. Rains in Russia, a major global wheat exporter, delayed a harvesting ca
Published 08 Jul, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 08 Jul, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 08 Jul, 2014 12:00am
Ghani wins presidential election

Ghani wins presidential election

Former World Bank economist Ashraf Ghani won Afghanistan's presidential election, according to preliminary results Monday, but his poll rival Abdullah Abdullah rejected the outcome as "a coup against the will of the people". Fraud allegations immediately
Published 08 Jul, 2014 12:00am
Ghani wins presidential election

Ghani wins presidential election

Former World Bank economist Ashraf Ghani won Afghanistan's presidential election, according to preliminary results Monday, but his poll rival Abdullah Abdullah rejected the outcome as "a coup against the will of the people". Fraud allegations immediately
Published 08 Jul, 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 08 Jul, 2014 12:00am
CoAS visits troops on frontlines in NWA

CoAS visits troops on frontlines in NWA

Chief of the Army Staff General Raheel Sharif on Monday visited troops on the frontlines in North Waziristan Agency (NWA). He was given detailed briefing by the General Officer Commanding on the on-going Operation Zarb-e-Azb. Talking to valiant troops in
Published 08 Jul, 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 08 Jul, 2014 12:00am
CoAS visits troops on frontlines in NWA

CoAS visits troops on frontlines in NWA

Chief of the Army Staff General Raheel Sharif on Monday visited troops on the frontlines in North Waziristan Agency (NWA). He was given detailed briefing by the General Officer Commanding on the on-going Operation Zarb-e-Azb. Talking to valiant troops in
Published 08 Jul, 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 08 Jul, 2014 12:00am
Security situation hitting investment climate: Fund

Security situation hitting investment climate: Fund

International Monetary Fund (IMF) highlighted in its report after the conclusion of the third review under $6.64 billion Extended Fund Facility (EFF) for the Executive Board consideration that the challenging security situation is among the key downside r
Published 08 Jul, 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 Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Security situation hitting investment climate: Fund

Security situation hitting investment climate: Fund

International Monetary Fund (IMF) highlighted in its report after the conclusion of the third review under $6.64 billion Extended Fund Facility (EFF) for the Executive Board consideration that the challenging security situation is among the key downside r
Published 08 Jul, 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 Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Security situation hitting investment climate: Fund

Security situation hitting investment climate: Fund

International Monetary Fund (IMF) highlighted in its report after the conclusion of the third review under $6.64 billion Extended Fund Facility (EFF) for the Executive Board consideration that the challenging security situation is among the key downside r
Published 08 Jul, 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 Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Bearish trend persists

Bearish trend persists

Karachi Stock Exchange witnessed a bearish trend Monday as concerns for new taxes on investors mounted in the absence of any fresh triggers. The benchmark KSE-100 index shed 91 points to close at 29,529 points. Samar Iqbal, AVP at Topline Securities, said
Published 08 Jul, 2014 12:00am
Bearish trend persists

Bearish trend persists

Karachi Stock Exchange witnessed a bearish trend Monday as concerns for new taxes on investors mounted in the absence of any fresh triggers. The benchmark KSE-100 index shed 91 points to close at 29,529 points. Samar Iqbal, AVP at Topline Securities, said
Published 08 Jul, 2014 12:00am
Bearish trend persists

Bearish trend persists

Karachi Stock Exchange witnessed a bearish trend Monday as concerns for new taxes on investors mounted in the absence of any fresh triggers. The benchmark KSE-100 index shed 91 points to close at 29,529 points. Samar Iqbal, AVP at Topline Securities, said
Published 08 Jul, 2014 12:00am
BRIndex30 down by 15.49 points

BRIndex30 down by 15.49 points

On Monday, BRIndex30 opened at 16,709.15. It touched an intraday high of 16,784.01 and an intraday low of 16,680.04 and closed at 16,693.66, which was -15.49 points or -0.09 percent lower than previous close. Total volume was 49,433,600, which was 63.95 p
Published 08 Jul, 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 Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
BRIndex30 down by 15.49 points

BRIndex30 down by 15.49 points

On Monday, BRIndex30 opened at 16,709.15. It touched an intraday high of 16,784.01 and an intraday low of 16,680.04 and closed at 16,693.66, which was -15.49 points or -0.09 percent lower than previous close. Total volume was 49,433,600, which was 63.95 p
Published 08 Jul, 2014 12:00am
IMF for more flexible exchange-rate regime

IMF for more flexible exchange-rate regime

International Monetary Fund (IMF) has expressed concern about recent appreciation of normal exchange rate and stressed on a more flexible exchange which will help State Bank of Pakistan (SBP) to better reach its reserves objectives and boost competitivene
Published 08 Jul, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (July 07, 2014).
Published 08 Jul, 2014 12:00am
IMF for more flexible exchange-rate regime

IMF for more flexible exchange-rate regime

International Monetary Fund (IMF) has expressed concern about recent appreciation of normal exchange rate and stressed on a more flexible exchange which will help State Bank of Pakistan (SBP) to better reach its reserves objectives and boost competitivene
Published 08 Jul, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
IMF for more flexible exchange-rate regime

IMF for more flexible exchange-rate regime

International Monetary Fund (IMF) has expressed concern about recent appreciation of normal exchange rate and stressed on a more flexible exchange which will help State Bank of Pakistan (SBP) to better reach its reserves objectives and boost competitivene
Published 08 Jul, 2014 12:00am
Four new structural benchmarks proposed

Four new structural benchmarks proposed

The International Monetary Fund (IMF) has proposed four new structural benchmarks including steps to be taken to improve the State Bank of Pakistan's (SBP) internal operations by re-establishing an advisory monetary policy committee to advise the Board on
Published 08 Jul, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Four new structural benchmarks proposed

Four new structural benchmarks proposed

The International Monetary Fund (IMF) has proposed four new structural benchmarks including steps to be taken to improve the State Bank of Pakistan's (SBP) internal operations by re-establishing an advisory monetary policy committee to advise the Board on
Published 08 Jul, 2014 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (July 07, 2014).
Published 08 Jul, 2014 12:00am
Four new structural benchmarks proposed

Four new structural benchmarks proposed

The International Monetary Fund (IMF) has proposed four new structural benchmarks including steps to be taken to improve the State Bank of Pakistan''s (SBP) internal operations by re-establishing an advisory monetary policy committee to advise the Board o
Published 08 Jul, 2014 12:00am
Revenue collection: concrete results still meager: lender of last resort

Revenue collection: concrete results still meager: lender of last resort

International Monetary Fund (IMF) has said that the Federal Board of Revenue (FBR) has begun to launch initiatives on the tax administration side to improve revenue collection, but concrete results are still meager. IMF in its third review under the Exten
Published 08 Jul, 2014 12:00am
Revenue collection: concrete results still meager: lender of last resort

Revenue collection: concrete results still meager: lender of last resort

International Monetary Fund (IMF) has said that the Federal Board of Revenue (FBR) has begun to launch initiatives on the tax administration side to improve revenue collection, but concrete results are still meager. IMF in its third review under the Exten
Published 08 Jul, 2014 12:00am
Revenue collection: concrete results still meager: lender of last resort

Revenue collection: concrete results still meager: lender of last resort

International Monetary Fund (IMF) has said that the Federal Board of Revenue (FBR) has begun to launch initiatives on the tax administration side to improve revenue collection, but concrete results are still meager. IMF in its third review under the Exten
Published 08 Jul, 2014 12:00am
Revenue collection: concrete results still meager: lender of last resort

Revenue collection: concrete results still meager: lender of last resort

International Monetary Fund (IMF) has said that the Federal Board of Revenue (FBR) has begun to launch initiatives on the tax administration side to improve revenue collection, but concrete results are still meager. IMF in its third review under the Exten
Published 08 Jul, 2014 12:00am
India's SC sets rules for Shariah courts

India's SC sets rules for Shariah courts

India's Supreme Court Monday rejected a petition seeking to ban Shariah courts, but stressed that they had no legal powers over Muslims and their decisions could not be enforced. India's 150 million Muslims follow their own laws governing family life and
Published 08 Jul, 2014 12:00am
India's SC sets rules for Shariah courts

India's SC sets rules for Shariah courts

India's Supreme Court Monday rejected a petition seeking to ban Shariah courts, but stressed that they had no legal powers over Muslims and their decisions could not be enforced. India's 150 million Muslims follow their own laws governing family life and
Published 08 Jul, 2014 12:00am
Dar seeks to resolve trade issues with Russia

Dar seeks to resolve trade issues with Russia

Finance Minister Ishaq Dar on Monday chaired a meeting of the committee, formed by the Prime Minister, to resolve long-standing trade issues between Pakistan and Russia. Chairman Board of Investment (BoI) Miftah Ismail informed the committee that the part
Published 08 Jul, 2014 12:00am