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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-11-06
Britain, France, US seek action over UN failings in Darfur

Britain, France, US seek action over UN failings in Darfur

Britain, France and the United States are demanding that action be taken against senior officials from the UN mission in Sudan's Darfur who failed to report crimes by Sudanese forces, diplomats said Wednesday. An internal UN probe of allegations that the
Published 06 Nov, 2014 12:00am
Czech billionaire's political rise inspires some, alarms others

Czech billionaire's political rise inspires some, alarms others

In just three years, Czech Finance Minister Andrej Babis has managed to expand smoothly beyond business into politics and now appears poised to be a contender for prime minister. His decades of experience running successful businesses was always part of h
Published 06 Nov, 2014 12:00am
Asia's richest man buys 60 aircraft in $2.5 billion deals

Asia's richest man buys 60 aircraft in $2.5 billion deals

A property flagship led by Asia's richest tycoon Li Ka-shing said on Wednesday it plans to buy up to 60 passenger jets in a series of transactions that amount to more than $2.5 billion. The Hong Kong businessman made his first major foray into the aviatio
Published 06 Nov, 2014 12:00am
Israel urges Turkey to respect Cyprus right to energy

Israel urges Turkey to respect Cyprus right to energy

Israel's foreign minister said Wednesday that Turkey must respect Cyprus's right to explore for natural gas and avoid sparking unnecessary tension in the region. Avigdor Lieberman said each country must respect the sovereign rights of their neighbour, add
Published 06 Nov, 2014 12:00am
Drone strike 'kills Qaeda commander' in Yemen

Drone strike 'kills Qaeda commander' in Yemen

A suspected US drone strike killed an al Qaeda commander in central Yemen, a security source said on Wednesday. "Shawki al-Baadani, alias Khawlan al-Sanaani and also Abu Maissara al-Hanki, was left dead by a drone raid" that killed 20 al Qaeda fighters th
Published 06 Nov, 2014 12:00am
Britain to send more personnel to train Iraqi forces

Britain to send more personnel to train Iraqi forces

Britain will send more security personnel to Iraq to help train forces for their battle against the Islamic State jihadist group, Defence Secretary Michael Fallon said on Wednesday. The United Kingdom, which is supporting US-led air strikes aimed at drivi
Published 06 Nov, 2014 12:00am
Syria army retakes gas fields from jihadists: monitor

Syria army retakes gas fields from jihadists: monitor

The Syrian army on Wednesday recaptured two key gas fields and a gas company in central Homs province, less than a week after their seizure by jihadists, a monitoring group said. "Regime forces and pro-regime militia retook control of the Jhar and Mahr ga
Published 06 Nov, 2014 12:00am
Dominican Republic court rejects inter-American rights court

Dominican Republic court rejects inter-American rights court

The Dominican Republic's top court has struck down as unconstitutional an international agreement recognising the Inter-American Court of Human Rights amid a dispute over deportations of Haitians and their Dominican-born descendants. The 10-3 decision Tue
Published 06 Nov, 2014 12:00am
EU immigrants give 20 billion pound boost to UK economy

EU immigrants give 20 billion pound boost to UK economy

Immigrants to Britain from the European Union have contributed more than 20 billion pounds ($32 billion) to the British economy since 2001, according to a report on Wednesday on an issue dominating political debate ahead of next year's election. Prime Min
Published 06 Nov, 2014 12:00am
Thousands of Gaza civil servants strike

Thousands of Gaza civil servants strike

About 20,000 civil servants in the Gaza Strip went on strike Tuesday to protest the Palestinian unity government's refusal to pay military and security employees of the Islamist movement Hamas. All ministries and other institutions run by Hamas in Gaza we
Published 06 Nov, 2014 12:00am
Cameron has 'problem' with other leaders: Juncker

Cameron has 'problem' with other leaders: Juncker

New European Commission chief Jean-Claude Juncker accused British Prime Minister David Cameron Wednesday of having a "problem" with other EU leaders, stoking a bitter budget battle between London and Brussels. Juncker opened his first press conference as
Published 06 Nov, 2014 12:00am
Mounting death toll for Afghan troops: US general

Mounting death toll for Afghan troops: US general

Afghan troops are dying on the battlefield in unprecedented numbers after having taken over from Nato-led forces, and the death toll is "not sustainable," a top US commander in Afghanistan said Wednesday. Afghan army and police have suffered a 6.5 percent
Published 06 Nov, 2014 12:00am
Kerry says 'driving towards finish' on Iran nuke deal

Kerry says 'driving towards finish' on Iran nuke deal

US Secretary of State John Kerry claimed Wednesday he was "driving towards the finish" to secure what would be a historic deal with Iran over its nuclear programme as a November 24 deadline looms. Speaking to reporters in Paris, Kerry said there was "no i
Published 06 Nov, 2014 12:00am
Kerry warns Russia over Ukraine

Kerry warns Russia over Ukraine

US Secretary of State John Kerry on Wednesday warned Russia that sanctions pressure could be intensified over the Ukraine crisis but urged Kiev not to get drawn into "tit-for-tat" measures. Speaking to reporters in Paris after holding talks with French Fo
Published 06 Nov, 2014 12:00am
EU misspent nearly 7 billion euros last year: watchdog

EU misspent nearly 7 billion euros last year: watchdog

The European Union misspent nearly 7 billion euros ($8.76 billion) in 2013, an ombudsman said Wednesday, warning that Brussels must focus on getting better results for its money. The so-called error rate for spending fell to 4.7 percent in the EU's 2013 b
Published 06 Nov, 2014 12:00am
Shell kills young footballers in crumbling Ukraine cease-fire

Shell kills young footballers in crumbling Ukraine cease-fire

Ukraine's tattered cease-fire came under new strain Wednesday as shelling killed two teenagers playing football in rebel-held Donetsk and President Petro Poroshenko said he was deploying reinforcements to face a threatened separatist offensive. In another
Published 06 Nov, 2014 12:00am
Canada, Australia must explain visa block on Ebola nations

Canada, Australia must explain visa block on Ebola nations

The World Health Organisation said Wednesday it had asked Canada and Australia to justify their decisions last week to suspend migration from Ebola-hit west African countries. "These are measures that go beyond the recommendations of the WHO's emergency c
Published 06 Nov, 2014 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures fell for a second day to a one-week low on Wednesday, tracking steep losses in soy and crude oil, and further pressured by another round of correction. Weaker soyoil prices could diminish appetite for palm as price-sensitive buy
Published 06 Nov, 2014 12:00am
Oil jumps in volatile trade on Saudi pipeline, US inventories

Oil jumps in volatile trade on Saudi pipeline, US inventories

Oil prices jumped on Wednesday, with Brent rebounding from a four-year-low, as traders reacted to rumours of a pipeline blast in Saudi Arabia and bullish news on US crude inventories. Data from the Energy Information Administration (EIA) showed US crude i
Published 06 Nov, 2014 12:00am
ICE cotton hits two-week low

ICE cotton hits two-week low

ICE cotton fell in choppy trade on Wednesday, under pressure from the rolling of closely watched index funds and expectations that the US government will increase its projections for excess global inventories in a monthly forecast next week. The most-acti
Published 06 Nov, 2014 12:00am
US MIDDAY: gold sinks

US MIDDAY: gold sinks

Gold sank more than 2 percent early on Wednesday to its lowest since mid-2010, potentially opening the way for a fall to $1,000 as a surging dollar and stronger share prices weakened the investment case for non-yielding bullion. Silver's fall of around 5
Published 06 Nov, 2014 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

US wheat futures fell 1.5 percent on Wednesday, hitting their lowest in more than a week on poor export demand for US supplies and pressure from a firm US dollar, traders said. Corn edged higher, with traders noting some bargain buying after posting sharp
Published 06 Nov, 2014 12:00am
Gold sinks 2.4 percent in Europe

Gold sinks 2.4 percent in Europe

Gold sank 2.4 percent on Wednesday to its lowest since mid-2010, potentially opening the way for a fall to $1,000 as a surging dollar and stronger share prices weakened the investment case for non-yielding bullion. Silver's fall was even sharper, hitting
Published 06 Nov, 2014 12:00am
Gold and silver slump in Asia

Gold and silver slump in Asia

Gold slid for a fifth session in six on Wednesday, tumbling to a four-year low below $1,150 an ounce as a strong dollar kept investors away from the safe-haven asset and physical demand failed to provide underlying support. Silver tracked gold lower, hitt
Published 06 Nov, 2014 12:00am
Gold rises in New York

Gold rises in New York

Gold rose on Tuesday, snapping a four-session losing streak, boosted by a drop in the dollar index and expectations of Asian physical demand following bullion's tumble to a four-year low. The yellow metal was supported as the dollar dropped against the eu
Published 06 Nov, 2014 12:00am
Raw sugar climbs

Raw sugar climbs

Raw sugar on ICE dropped to a one-month low on Wednesday and arabica coffee futures also fell, weighed by expectations that rains in Brazil will bring relief to crops in the world's largest producer of both commodities. New York cocoa futures traded on IC
Published 06 Nov, 2014 12:00am
PNS Alamgir to participate in joint Turkish Navy exercise from today

PNS Alamgir to participate in joint Turkish Navy exercise from today

Pakistan Navy ship, PNS Alamgir (FFG 260) with an embarked Z9 EC helicopter onboard, will visit Turkish Aksaz Naval Base Marmaris and Antalya harbour from November 6 to 15, and will participate in joint Turkish Navy exercise "Mavi Balina-14." Pakistan Nav
Published 06 Nov, 2014 12:00am
Corn down 2.4 percent

Corn down 2.4 percent

US corn and soyabean futures fell for the second day in a row on Tuesday on pressure from an advancing harvest that provided country elevators and processors around the US Midwest with fresh supplies, traders said. "We have established a short-to-intermed
Published 06 Nov, 2014 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures fell 3.6 percent to settle at a two-week low on Wednesday, as recent declines in oil prices and concern over excess global supply sapped sentiment. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber
Published 06 Nov, 2014 12:00am
Copper hits three-week low

Copper hits three-week low

Copper fell to a two-week low on Wednesday on worries over slowing growth in Europe and China, a surging dollar and weakening oil prices, though losses were kept in check by supply delays in Peru. Service-sector growth in China weakened in October as new
Published 06 Nov, 2014 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded January copper contract on the Shanghai Futures Exchange fell 2 percent to 46,580 yuan ($7,622) a tonne on Wednesday and Shanghai zinc shed 3 percent as weak China economic data compounded a selloff that started in oil and spilled over int
Published 06 Nov, 2014 12:00am
Jordan recalls envoy to Israel over mosque clashes

Jordan recalls envoy to Israel over mosque clashes

Jordan recalled its ambassador to Israel on Wednesday and moved to file a UN complaint after police clashed with stone-throwing Palestinians inside the flashpoint Al-Aqsa mosque compound. Jordanian Foreign Minister Nasser Judeh said Israel's recent action
Published 06 Nov, 2014 12:00am
Policeman killed in new Jerusalem car attack

Policeman killed in new Jerusalem car attack

A Palestinian slammed his car into pedestrians in Jerusalem on Wednesday, killing a border policeman and wounding nine other people in the second such attack in recent weeks. The rampage followed violent clashes at the flashpoint Al-Aqsa mosque compound e
Published 06 Nov, 2014 12:00am
MPCL urges government to replace cost plus GPA

MPCL urges government to replace cost plus GPA

Mari Petroleum Company Limited (MPCL) has reportedly sought federal government's approval to replace existing cost plus Gas Pricing Agreement (GPA) with a market-related formula for determination of wellhead gas price for Mari field, sources close to Secr
Published 06 Nov, 2014 12:00am
MPCL urges government to replace cost plus GPA

MPCL urges government to replace cost plus GPA

Mari Petroleum Company Limited (MPCL) has reportedly sought federal government''s approval to replace existing cost plus Gas Pricing Agreement (GPA) with a market-related formula for determination of wellhead gas price for Mari field, sources close to Sec
Published 06 Nov, 2014 12:00am
DDI Multan shot dead

DDI Multan shot dead

Deputy Director Industries Multan Chaudhry Ghulam Haider was shot dead by unidentified attackers on Wednesday in his office. CPO Multan Sultan Ahmed Chaudhry said that two motor cyclists reached at the office and opened fire soon after entering the room o
Published 06 Nov, 2014 12:00am
Maliha likely to replace Masood at UN

Maliha likely to replace Masood at UN

Prime Minister Nawaz Sharif has appointed Shuja Alam as Pakistan's new High Commissioner to Bangladesh, while Maliha Lodhi is likely to replace Masood Khan as the country's permanent representative to the United Nations in New York. Sources privy to the d
Published 06 Nov, 2014 12:00am
Maliha likely to replace Masood at UN

Maliha likely to replace Masood at UN

Prime Minister Nawaz Sharif has appointed Shuja Alam as Pakistan's new High Commissioner to Bangladesh, while Maliha Lodhi is likely to replace Masood Khan as the country's permanent representative to the United Nations in New York. Sources privy to the d
Published 06 Nov, 2014 12:00am
Government imposes 20 percent import duty on wheat

Government imposes 20 percent import duty on wheat

Government has imposed a 20 percent import duty on wheat to prop up domestic producers, the finance ministry said on Wednesday. "The 20 percent regulatory duty has been imposed to promote local crops. The duty applies to wheat imports from all countries f
Published 06 Nov, 2014 12:00am
Government imposes 20 percent import duty on wheat

Government imposes 20 percent import duty on wheat

Government has imposed a 20 percent import duty on wheat to prop up domestic producers, the finance ministry said on Wednesday. "The 20 percent regulatory duty has been imposed to promote local crops. The duty applies to wheat imports from all countries f
Published 06 Nov, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Nov, 2014 12:00am
Government imposes 20 percent import duty on wheat

Government imposes 20 percent import duty on wheat

Government has imposed a 20 percent import duty on wheat to prop up domestic producers, the finance ministry said on Wednesday. "The 20 percent regulatory duty has been imposed to promote local crops. The duty applies to wheat imports from all countries f
Published 06 Nov, 2014 12:00am
Government imposes 20 percent import duty on wheat

Government imposes 20 percent import duty on wheat

Government has imposed a 20 percent import duty on wheat to prop up domestic producers, the finance ministry said on Wednesday. "The 20 percent regulatory duty has been imposed to promote local crops. The duty applies to wheat imports from all countries f
Published 06 Nov, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 06 Nov, 2014 12:00am
Putin beats Obama again in Forbes power ranking

Putin beats Obama again in Forbes power ranking

For a second year in a row, Russian President Vladimir Putin has beaten Barack Obama to the title of world's most powerful leader as ranked by Forbes. In a year in which Russia annexed Crimea, stoked a conflict in Ukraine and clinched a multi-billion-doll
Published 06 Nov, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Nov, 2014 12:00am
Putin beats Obama again in Forbes power ranking

Putin beats Obama again in Forbes power ranking

For a second year in a row, Russian President Vladimir Putin has beaten Barack Obama to the title of world's most powerful leader as ranked by Forbes. In a year in which Russia annexed Crimea, stoked a conflict in Ukraine and clinched a multi-billion-doll
Published 06 Nov, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Nov, 2014 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 06 Nov, 2014 12:00am
Catalonia vows to vote Sunday

Catalonia vows to vote Sunday

Catalonia's leader vowed Wednesday that a symbolic independence vote banned by the Spanish government will go ahead on November 9, setting up a constitutional conflict unprecedented in post-Franco Spain. Defying the latest in a string of legal challenges
Published 06 Nov, 2014 12:00am
Catalonia vows to vote Sunday

Catalonia vows to vote Sunday

Catalonia's leader vowed Wednesday that a symbolic independence vote banned by the Spanish government will go ahead on November 9, setting up a constitutional conflict unprecedented in post-Franco Spain. Defying the latest in a string of legal challenges
Published 06 Nov, 2014 12:00am
Youth scheme: LHC hints at suspending payments

Youth scheme: LHC hints at suspending payments

The Lahore High Court here on Wednesday hinted at the possibility of suspending payments being made under the Prime Minister Youth Loan Scheme (PMYLS). Earlier, law officer appeared before the court without a reply and no representative of the loan progra
Published 06 Nov, 2014 12:00am
Youth scheme: LHC hints at suspending payments

Youth scheme: LHC hints at suspending payments

The Lahore High Court here on Wednesday hinted at the possibility of suspending payments being made under the Prime Minister Youth Loan Scheme (PMYLS). Earlier, law officer appeared before the court without a reply and no representative of the loan progra
Published 06 Nov, 2014 12:00am
Three PPP activists gunned down in Lyari

Three PPP activists gunned down in Lyari

At least three people were killed and another injured as unknown gunmen opened fire in Lyari late on Wednesday night, a private TV channel reported. Pakistan People's Party Karachi Division President Abdul Qadir Patel said that all the three deceased were
Published 06 Nov, 2014 12:00am
Three PPP activists gunned down in Lyari

Three PPP activists gunned down in Lyari

At least three people were killed and another injured as unknown gunmen opened fire in Lyari late on Wednesday night, a private TV channel reported. Pakistan People's Party Karachi Division President Abdul Qadir Patel said that all the three deceased were
Published 06 Nov, 2014 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Modest recovery was seen in the value of the rupee against the dollar on the currency market on Wednesday, dealers said. The rupee moved slightly up versus the dollar, gaining five-paisa in terms of the dollar for buying at Rs 102.85 and it also picked up
Published 06 Nov, 2014 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Modest recovery was seen in the value of the rupee against the dollar on the currency market on Wednesday, dealers said. The rupee moved slightly up versus the dollar, gaining five-paisa in terms of the dollar for buying at Rs 102.85 and it also picked up
Published 06 Nov, 2014 12:00am
OGDCL makes oil discovery in Tando Allah Yar

OGDCL makes oil discovery in Tando Allah Yar

Oil and Gas Development Company Limited (OGDCL) has made another oil discovery from its exploratory Well - Jarwar Well No 1, which is located in district Tando Allah Yar, Sindh in NIM Block with OGDCL ownership at 95 percent and Government Holding (Pvt) L
Published 06 Nov, 2014 12:00am
OGDCL makes oil discovery in Tando Allah Yar

OGDCL makes oil discovery in Tando Allah Yar

Oil and Gas Development Company Limited (OGDCL) has made another oil discovery from its exploratory Well - Jarwar Well No 1, which is located in district Tando Allah Yar, Sindh in NIM Block with OGDCL ownership at 95 percent and Government Holding (Pvt) L
Published 06 Nov, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 05, 2014).

Published 06 Nov, 2014 12:00am
OGDCL makes oil discovery in Tando Allah Yar

OGDCL makes oil discovery in Tando Allah Yar

Oil and Gas Development Company Limited (OGDCL) has made another oil discovery from its exploratory Well - Jarwar Well No 1, which is located in district Tando Allah Yar, Sindh in NIM Block with OGDCL ownership at 95 percent and Government Holding (Pvt) L
Published 06 Nov, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 05, 2014).

Published 06 Nov, 2014 12:00am
Cheques layout: SBP sets new date for standardisation

Cheques layout: SBP sets new date for standardisation

The State Bank of Pakistan (SBP) on Wednesday announced extension in the date for standardisation of customer's cheque layout. According to PSD Circular Letter No 4/2014 it has been decided that the current deadline of 30th June 2014 for compliance of the
Published 06 Nov, 2014 12:00am
Cheques layout: SBP sets new date for standardisation

Cheques layout: SBP sets new date for standardisation

The State Bank of Pakistan (SBP) on Wednesday announced extension in the date for standardisation of customer's cheque layout. According to PSD Circular Letter No 4/2014 it has been decided that the current deadline of 30th June 2014 for compliance of the
Published 06 Nov, 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 (November 05, 2014).

Published 06 Nov, 2014 12:00am
Cheques layout: SBP sets new date for standardisation

Cheques layout: SBP sets new date for standardisation

The State Bank of Pakistan (SBP) on Wednesday announced extension in the date for standardisation of customer''s cheque layout. According to PSD Circular Letter No 4/2014 it has been decided that the current deadline of 30th June 2014 for compliance of th
Published 06 Nov, 2014 12:00am
Urea import: TCP refuses to reduce minimum quantity of tenders

Urea import: TCP refuses to reduce minimum quantity of tenders

The Trading Corporation of Pakistan (TCP) has refused to reduce the quantity of urea tenders, as the federal government has asked for immediate import of commodity. Sources told Business Recorder on Wednesday that after issuing four urea tenders fo
Published 06 Nov, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 05, 2014)

Published 06 Nov, 2014 12:00am
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