News Archives for Print - 2015-02-22

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am

Virgin Active warms up to Johannesburg IPO

Virgin Active has hired South Africa-based Standard Bank Group Ltd to list the British health and fitness chain on the Johannesburg Stock Exchange, which may value the company at about 1.5 billion pounds ($2.30 billion), Sky News reported. Virgin Active,

Published 22 Feb, 2015 12:00am

Sallie Mae Bank preps for 2015 securitizations

Sallie Mae Bank, the recent spin-off from the US student lender, is looking to raise US $4.3bn in the capital markets this year by securitizing its loans, officials told IFR. The first such trade from the bank, which was hived off of Sallie Mae itself in

Published 22 Feb, 2015 12:00am

Stock traders got a lift from a volatile January

Trading desks and exchange operators enjoyed roller-coaster moves on financial markets last month, but it is not clear whether the welcome volatility can make up for cost-cutting by banks and brokers. Recent data from European stock-market operators Euron

Published 22 Feb, 2015 12:00am

Deutsche Bank debates stake in Chinese bank

Deutsche Bank co-Chief Executive Anshu Jain is arguing against holding on to a stake in Chinese bank Hua Xia as Deutsche reconsiders its near-universal range of banking services, a German weekly reported. WirtschaftsWoche magazine cited supervisory board

Published 22 Feb, 2015 12:00am

Brazil prosecutor looks to block corruption leniency deal

A Brazilian prosecutor sought to block a possible government leniency deal with construction and engineering companies implicated in a giant bribery and money laundering scheme at state-run oil company Petrobras, according to a document published Saturday

Published 22 Feb, 2015 12:00am

Subsidy cuts in India's budget may disappoint investors

India may slash its food and fuel subsidy bill by about $8 billion in next week's budget, two sources said, but despite the impressive headline, the cut is not as radical as free market champions had hoped for in Prime Minister Narendra Modi's first full

Published 22 Feb, 2015 12:00am

Beauty-in-a-box service Glossybox says moves into profit

Glossybox, a beauty products sampling service, said on Saturday it turned profitable last year and is growing solidly again after a previous rapid expansion nearly killed the start-up. The Berlin-based company, backed by Germany's Rocket Internet and insp

Published 22 Feb, 2015 12:00am

Beauty-in-a-box service Glossybox says moves into profit

Glossybox, a beauty products sampling service, said on Saturday it turned profitable last year and is growing solidly again after a previous rapid expansion nearly killed the start-up. The Berlin-based company, backed by Germany's Rocket Internet and insp

Published 22 Feb, 2015 12:00am

California Exxon plant halts gasoline production

Gasoline production at an Exxon Mobil Corp refinery near Los Angeles has been halted since an explosion there on Wednesday, a plant manager said on Friday, raising the possibility of higher fuel prices in parts of Southern California. Investigators were t

Published 22 Feb, 2015 12:00am

Philippines sees no reason to ease monetary policy now

The Philippine central bank sees no reason to cut interest rates at this point even as other Asian central banks have joined the global rush of easier policy, its governor said late on Friday, citing the country's improving outlook for growth and inflatio

Published 22 Feb, 2015 12:00am

Barclays FX platform warned clients about volatility due to Greece

Barclays has warned clients of its foreign exchange trading platform that a sharp drop in liquidity and "dislocations" in the euro could occur on Monday amid uncertainty about Greece's position in the euro zone. In a letter seen by Reuters and sent to cli

Published 22 Feb, 2015 12:00am

Russian minister says Moody's downgrade had 'political character'

Moody's Investors Service's downgrade of Russia's sovereign rating was based on "factors of a political character," Russian Finance Minister Anton Siluanov said on Saturday following news that the credit ratings agency had cut the rating to below investme

Published 22 Feb, 2015 12:00am

Russian minister says Moody's downgrade had 'political character'

Moody's Investors Service's downgrade of Russia's sovereign rating was based on "factors of a political character," Russian Finance Minister Anton Siluanov said on Saturday following news that the credit ratings agency had cut the rating to below investme

Published 22 Feb, 2015 12:00am

Russia's Russneft says founder quits as company president

Russian businessman Mikhail Gutseriyev has left as head of mid-sized oil producer Russneft, which he founded in the early 2000s, the company said in a financial statement late on Friday. Gutseriyev has had a turbulent few years, including fleeing to Londo

Published 22 Feb, 2015 12:00am

Standard Life operating profit jumps

A move into asset management helped to drive a 19 percent rise in operating profit for Standard Life in 2014, offsetting a hit to annuity sales from British pension reforms. Best known as an insurer, Standard Life is moving more into asset management and

Published 22 Feb, 2015 12:00am

Standard Life operating profit jumps

A move into asset management helped to drive a 19 percent rise in operating profit for Standard Life in 2014, offsetting a hit to annuity sales from British pension reforms. Best known as an insurer, Standard Life is moving more into asset management and

Published 22 Feb, 2015 12:00am

Greek banks would have collapsed in days without deal: Irish finance minister

Greece's banking system would have collapsed within days had Athens not compromised significantly and struck a funding agreement with euro zone ministers, Irish Finance Minister Michael Noonan said on Saturday. Greece secured a four-month extension to eur

Published 22 Feb, 2015 12:00am

Peru fiscal deficit widens to biggest since 2009

Peru posted its biggest fiscal deficit since 2009 in the fourth quarter, taking the Andean nation into a full-year shortfall for the first time in four years, central bank data showed on Saturday. Peru registered a fiscal deficit equivalent to 0.1 percent

Published 22 Feb, 2015 12:00am

Germany to approve Greek deal if promises met: Merkel ally

The German parliament could approve a four-month extension to euro zone funding for Greece, on condition Athens presents a list of reforms as promised, a senior ally of German Chancellor Angela Merkel was quoted as saying. Greece has secured a funding ext

Published 22 Feb, 2015 12:00am

Lockheed-Boeing venture steps up to competitive challenge

United Launch Alliance, a joint venture of the top two US arms makers, on Friday said it will slash costs and hunt out new customers to ensure continued growth despite the rise of a new rival, privately-held Space Exploration Technologies, or SpaceX.

Published 22 Feb, 2015 12:00am

South Korea exports flat

South Korean exports for the February 1-20 period totalled $26.79 billion, customs data showed on Saturday, unchanged from a year earlier but a robust showing when considering holidays and weak oil prices. The three-day Lunar New Year holidays fell in Feb

Published 22 Feb, 2015 12:00am

Obama begins sales pitch on trade to wary US public

President Barack Obama on Saturday began a broad sales pitch to the US public about the merits of free trade deals, an area in which he faces stiff resistance from many in his own Democratic party. Obama has said he wants to work with Congressional Republ

Published 22 Feb, 2015 12:00am

Volkswagen gets government approval for Thai plant

Germany's Volkswagen has won approval from Thai authorities to build a manufacturing plant for fuel efficient cars near Bangkok after months of delays. A VW spokesman said on Saturday that it had received the go-ahead but the carmaker would now assess the

Published 22 Feb, 2015 12:00am

Eager Venezuelans line up to buy dollars at exchange houses

Venezuelans queued up on Friday to purchase US dollars in cash at exchange houses for the first time in 12 years, though prospective buyers complained the new system was tedious and few if any had yet to emerge with greenbacks in hand. President Nicolas M

Published 22 Feb, 2015 12:00am

Eager Venezuelans line up to buy dollars at exchange houses

Venezuelans queued up on Friday to purchase US dollars in cash at exchange houses for the first time in 12 years, though prospective buyers complained the new system was tedious and few if any had yet to emerge with greenbacks in hand. President Nicolas M

Published 22 Feb, 2015 12:00am

Libor

US SEC to release more guidance on how it grants regulatory waivers

US securities regulators will release new guidance on how they decide whether a company should retain leeway in raising capital, after criticism that such waivers are too often rubber-stamped for banks that have broken the law. Elizabeth Murphy, an associ

Published 22 Feb, 2015 12:00am

Duke Energy fined over $100 millions for environmental violations

Duke Energy Corp has agreed to pay a fine of about $102 million for environmental violations related to a power plant's coal ash spill into a North Carolina river last year and the company's management of coal ash basins in the state. Duke set aside $100

Published 22 Feb, 2015 12:00am

Duke Energy fined over $100 millions for environmental violations

Duke Energy Corp has agreed to pay a fine of about $102 million for environmental violations related to a power plant's coal ash spill into a North Carolina river last year and the company's management of coal ash basins in the state. Duke set aside $100

Published 22 Feb, 2015 12:00am

Major banks' fixed income revenues fell last year to half 2009 levels

The 10 biggest investment banks' revenue from fixed income, currencies and commodities, known as FICC, fell 7 percent last year, a consultancy said on Thursday, citing lower client activity and a challenging economic backdrop. Revenues were down to half t

Published 22 Feb, 2015 12:00am

US urges removing Superfish programme from Lenovo laptops

The US government on Friday advised Lenovo Group Ltd customers to remove "Superfish," a programme pre-installed on some Lenovo laptops, saying it makes users vulnerable to cyberattacks. The Department of Homeland Security said in an alert that the program

Published 22 Feb, 2015 12:00am

US FOB Gulf soya basis offers firm

US FOB Gulf soyabean basis offers for nearby loading were firm after the close on Friday despite the Lunar New Year holiday in leading buyer, China, as tight loading capacity at the Gulf and strong processor competition underpinned prices, traders said. C

Published 22 Feb, 2015 12:00am

EU wheat futures ease after export gains

Paris wheat futures eased on Friday as a pullback in US prices encouraged consolidation on the European market after export-fuelled gains a day earlier. May milling wheat on Euronext was down 0.75 euro, or 0.4 percent, to 188.50 euros a tonne by 1554 GMT.

Published 22 Feb, 2015 12:00am

Iron ore scales three-week up ahead of China holiday

Iron ore climbed to its highest in more than three weeks as traders bet on a recovery in China's steel demand after the Lunar New Year holiday. But an industry group warned weak infrastructure and real estate investment may continue to weigh on China's st

Published 22 Feb, 2015 12:00am

US Midwest soya bids mostly steady

Soyabean spot basis bids were mostly steady around the US Midwest on Friday as farmer sales tapered off, dealers said. Some farmers sold light amounts of soyabeans on Thursday and early Friday, but lower US soyabean futures dragged cash prices below targe

Published 22 Feb, 2015 12:00am

US natural gas futures hit three-week highs

US natural gas futures settled up 4 percent on Friday, hitting three-week highs as freezing weather across much of the country fuelled speculation about higher heating demand that overshadowed worries about high gas stockpiles. Front-month gas futures on

Published 22 Feb, 2015 12:00am

Colombia sees coffee output rises to 12.5-13 million bags

Colombia expects coffee output to increase this year to between 12.5 and 13 million 60-kg sacks, as good weather and widespread replanting of aging and disease-prone trees boost production, the head of the coffee federation said on Thursday. Coffee output

Published 22 Feb, 2015 12:00am

Rapeseed oil prices lower on European vegoils market

Rapeseed oil on the European vegetable oils market was lower on Thursday in quiet trading as buyers shunned prices that were showing a steep forward curve. Activity in all products was light, particularly in palm oil, due to market closures in Malaysia an

Published 22 Feb, 2015 12:00am

US Plains HRW wheat bids steady

Spot cash basis bids for hard red winter wheat were steady on Thursday in quiet trade, merchants said. A lack of country movement combined with no new farmer sales kept cash trade slow, grain merchants said. Protein premiums for railcar wheat to and throu

Published 22 Feb, 2015 12:00am

New USDA report shows increased corn use for ethanol, less sorghum

Use of US corn in ethanol production increased 5 percent in December while sorghum use for biofuel tumbled 57 percent from the previous month, the US Department of Agriculture said in a new monthly report on Thursday. The so-called Grain Crushings and Co-

Published 22 Feb, 2015 12:00am

Indonesian tin smelters impose monthly export quota

A group of Indonesian tin smelters have put in place a three-month quota to cap exports at about 2,000 tonnes per month with the goal of supporting prices for the solder material, the chief of the industry body said on Tuesday. Indonesia is the world's to

Published 22 Feb, 2015 12:00am

Soyaoil prices subdued demand on Europe's vegoils markets

Expectations for lower Chicago soyaoil prices subdued demand in Europe's vegetable oil markets on Friday while the Lunar New Year holiday in Asia kept many palm oil sellers out of the market, traders said. The main trade reported in Europe focused on rape

Published 22 Feb, 2015 12:00am

Cocoa quality problems cause high rejection rates in Ivory Coast

High rejection rates meant less than 50,000 tonnes of cocoa were accepted at Ivory Coast's ports in the first two weeks of February compared with 82,000 tonnes estimated by exporters, an official said on Friday. "It's hard to give a figure, but around one

Published 22 Feb, 2015 12:00am

Upward trend on grain market

An upward trend was witnessed on the local grain market on Saturday in the process of thin business, dealers said. On the cereals side, Moong Sindh gained sharply Rs 875 to Rs 11750 and Moong Afghani followed same pattern, picking up Rs 2125 to Rs 12250,

Published 22 Feb, 2015 12:00am

CBOT wheat futures fall on poor export demand

Chicago Board of Trade wheat futures fell 3.3 percent to their lowest since February 5 on Friday, with poor export demand for US supplies pressuring prices, traders said. Wheat closeted near session lows, a bearish sign for next week's trading.

Published 22 Feb, 2015 12:00am

Cameroon's January cocoa bean exports up

Cameroon had exported 146,893 tonnes of raw cocoa beans in the season to the end of January, about 10 percent more than at the same stage last year, statistics from the National Cocoa and Coffee Board (NCCB) showed on Thursday. The figures showed Cameroon

Published 22 Feb, 2015 12:00am

Canadian canola futures drop

ICE Canadian canola futures dipped on Friday with soybeans, but finished higher for the week. March options expired on Friday. March canola lost $3.40 to $470.10 per tonne and rose 0.6 percent for the week Most-active May canola shed $1.80 to $466.10 per

Published 22 Feb, 2015 12:00am

Cotton market: prices stabilise amid active buying by mills

Prices held the present levels on the cotton market on Saturday as diminishing stock of quality lint, propelled mills and some exporters to make fresh buying, dealers said. The official spot rate was unchanged at Rs 4,950, dealers said. In the ready sessi

Published 22 Feb, 2015 12:00am

Oil cake market rates

Futures were unchanged on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The January contract closed at Rs 1566.30 on Thursday, and it commenced at the same rate in the morning session, they said. The March vaid

Published 22 Feb, 2015 12:00am

India's gold imports set to rise

Gold imports to top consumer India are set to jump in coming months after the central bank eased gold import curbs, ahead of an expected cut in import duty in next week's federal budget. The Reserve Bank of India said on Wednesday banks would again be all

Published 22 Feb, 2015 12:00am

Asian cocoa butter ratios sink

Asia's cocoa butter ratios sank further this week, still at their lowest in 21 months as weak demand for butter and powder continued, with grinders expecting sluggish demand through the first quarter. The global cocoa market has been hit by high bean pric

Published 22 Feb, 2015 12:00am

Russia's winter grain crop to fall 40 percent in 2015

The winter grain crop in Russia, one of the world's largest wheat exporters, may fall more than 40 percent this year due to poor planting conditions, Interfax news agency reported on Thursday, citing Agriculture Ministry materials. This year's winter crop

Published 22 Feb, 2015 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 22 Feb, 2015 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 22 Feb, 2015 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am

THE RUPEE: firm trend

The rupee managed to hold the overnight levels against the dollar on the local money market on Saturday, dealers said. The rupee sustained the overnight levels in terms of the greenback for buying and selling at Rs 101.70 and Rs 101.90 respectively, they

Published 22 Feb, 2015 12:00am

THE RUPEE: firm trend

The rupee managed to hold the overnight levels against the dollar on the local money market on Saturday, dealers said. The rupee sustained the overnight levels in terms of the greenback for buying and selling at Rs 101.70 and Rs 101.90 respectively, they

Published 22 Feb, 2015 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am

Grain market rates

Karachi grain market rates in rupees on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (February 21, 2015).

Published 22 Feb, 2015 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 21, 2015)

Published 22 Feb, 2015 12:00am

Agriculture sector: Dar supports subsidy business

Finance Minister Ishaq Dar has not reportedly agreed with the unanimous decision of the Economic Advisory Council (EAC) members that the government must get out of the business of support price and subsidies in agriculture sector. Sources in the Finance M

Published 22 Feb, 2015 12:00am

Lee Kuan Yew in ICU but 'stable'

Singapore's founding leader Lee Kuan Yew, credited with transforming the city-state to one of Asia's wealthiest economies, is in hospital breathing with the help of a machine but in stable condition, the government said Saturday. A statement from the Prim

Published 22 Feb, 2015 12:00am

Azerbaijan sharply devalues national currency

Azerbaijan''s central bank on Saturday sharply devalued the energy-rich country''s currency as falling oil prices and economic turmoil in Russia hit hard across the former Soviet Union. The Azerbaijani manat lost 34 percent of its value against the dollar

Published 22 Feb, 2015 12:00am

Azerbaijan sharply devalues national currency

Azerbaijan's central bank on Saturday sharply devalued the energy-rich country's currency as falling oil prices and economic turmoil in Russia hit hard across the former Soviet Union. The Azerbaijani manat lost 34 percent of its value against the dollar a

Published 22 Feb, 2015 12:00am

Azerbaijan sharply devalues national currency

Azerbaijan's central bank on Saturday sharply devalued the energy-rich country's currency as falling oil prices and economic turmoil in Russia hit hard across the former Soviet Union. The Azerbaijani manat lost 34 percent of its value against the dollar a

Published 22 Feb, 2015 12:00am

Yemen oil revenues drop almost $1 billion in 2014

Yemen suffered a drop of around $1 billion, or 37 percent, in revenue from oil exports last year due to nose-diving crude prices and the sabotage of pipelines, the central bank said Saturday. Revenues amounted to $1.673 billion (1.468 billion euros), comp

Published 22 Feb, 2015 12:00am

Yemen oil revenues drop almost $1 billion in 2014

Yemen suffered a drop of around $1 billion, or 37 percent, in revenue from oil exports last year due to nose-diving crude prices and the sabotage of pipelines, the central bank said Saturday. Revenues amounted to $1.673 billion (1.468 billion euros), comp

Published 22 Feb, 2015 12:00am

Yemen oil revenues drop almost $1 billion in 2014

Yemen suffered a drop of around $1 billion, or 37 percent, in revenue from oil exports last year due to nose-diving crude prices and the sabotage of pipelines, the central bank said Saturday. Revenues amounted to $1.673 billion (1.468 billion euros), comp

Published 22 Feb, 2015 12:00am

Jihadists in Libya 'direct threat' to Europe: French Prime Minister

Jihadists in Libya pose a "direct threat" to Europe, French Prime Minister Manuel Valls said in Madrid on Saturday. "I would like to cite the question of Libya and the direct threat to our security of the creation - under our eyes and not far from our bor

Published 22 Feb, 2015 12:00am

Jihadists in Libya 'direct threat' to Europe: French Prime Minister

Jihadists in Libya pose a "direct threat" to Europe, French Prime Minister Manuel Valls said in Madrid on Saturday. "I would like to cite the question of Libya and the direct threat to our security of the creation - under our eyes and not far from our bor

Published 22 Feb, 2015 12:00am

Shipping firms, dockers union reach tentative deal on US ports

US West Coast dockworkers and port operators have reached a tentative deal on a new labour contract, officials said late Friday, averting a shutdown that would have hit about half the country''s trade. The new agreement, details of which were not immediat

Published 22 Feb, 2015 12:00am

Shipping firms, dockers union reach tentative deal on US ports

US West Coast dockworkers and port operators have reached a tentative deal on a new labour contract, officials said late Friday, averting a shutdown that would have hit about half the country's trade. The new agreement, details of which were not immediate

Published 22 Feb, 2015 12:00am

Shipping firms, dockers union reach tentative deal on US ports

US West Coast dockworkers and port operators have reached a tentative deal on a new labour contract, officials said late Friday, averting a shutdown that would have hit about half the country's trade. The new agreement, details of which were not immediate

Published 22 Feb, 2015 12:00am

Opposition alliance in KP: Fazl demands two Senate seats from PPP

Jamaat Ulema-i-Islam-F has demanded two Senate seats from the PPP for the March 05 elections as a pre-condition for formation of an electoral alliance in Khyber Pakhtunkhwa. The JUI-F chief Maulana Fazlur Rehman held a meeting with the PPP Co-chairperson

Published 22 Feb, 2015 12:00am

Opposition alliance in KP: Fazl demands two Senate seats from PPP

Jamaat Ulema-i-Islam-F has demanded two Senate seats from the PPP for the March 05 elections as a pre-condition for formation of an electoral alliance in Khyber Pakhtunkhwa. The JUI-F chief Maulana Fazlur Rehman held a meeting with the PPP Co-chairperson

Published 22 Feb, 2015 12:00am

Population census: hearing of petition tomorrow

The Islamabad High Court will hear on Monday a constitutional petition that has urged it to issue directions to the federal government to conduct a fresh population census in the country. A single-member bench of Justice Attar Minallah would hear this pet

Published 22 Feb, 2015 12:00am

Population census: hearing of petition tomorrow

The Islamabad High Court will hear on Monday a constitutional petition that has urged it to issue directions to the federal government to conduct a fresh population census in the country. A single-member bench of Justice Attar Minallah would hear this pet

Published 22 Feb, 2015 12:00am

Iran politics soiled by 'dirty money': minister

Iran's Interior Minister Abdolreza Rahmani Fazli said Saturday political life in the Islamic republic was tainted by "dirty money", including from drugs, the official IRNA news agency reported. "A large part of the moral corruption in this country comes f

Published 22 Feb, 2015 12:00am

Iran politics soiled by 'dirty money': minister

Iran's Interior Minister Abdolreza Rahmani Fazli said Saturday political life in the Islamic republic was tainted by "dirty money", including from drugs, the official IRNA news agency reported. "A large part of the moral corruption in this country comes f

Published 22 Feb, 2015 12:00am

Bilawal will return next month: Shah

Pakistan People's Party leader and Leader of Opposition in the National Assembly Syed Khursheed Shah has disclosed that his party Chairman Bilawal Bhutto Zardari will come back to Pakistan next month. Khursheed Shah made the above disclosure in a media st

Published 22 Feb, 2015 12:00am

Bilawal will return next month: Shah

Pakistan People's Party leader and Leader of Opposition in the National Assembly Syed Khursheed Shah has disclosed that his party Chairman Bilawal Bhutto Zardari will come back to Pakistan next month. Khursheed Shah made the above disclosure in a media st

Published 22 Feb, 2015 12:00am

Kinnow export: Customs told to amend WeBOC module

The Federal Board of Revenue (FBR) has directed Collectors of Customs to immediately amend Web-based One Customs (WeBOC) clearance system module of Duty and Tax Remission for Export (DTRE) scheme to ensure 5 percent random examination of export consignmen

Published 22 Feb, 2015 12:00am

Kinnow export: Customs told to amend WeBOC module

The Federal Board of Revenue (FBR) has directed Collectors of Customs to immediately amend Web-based One Customs (WeBOC) clearance system module of Duty and Tax Remission for Export (DTRE) scheme to ensure 5 percent random examination of export consignmen

Published 22 Feb, 2015 12:00am

Kinnow export: Customs told to amend WeBOC module

The Federal Board of Revenue (FBR) has directed Collectors of Customs to immediately amend Web-based One Customs (WeBOC) clearance system module of Duty and Tax Remission for Export (DTRE) scheme to ensure 5 percent random examination of export consignmen

Published 22 Feb, 2015 12:00am

Another student of APS attack dies

Ishaq Ameen, 18-year-old, who was critically wounded during terrorist attack on Army Public School (APS) in Peshawar, died on Saturday at the Combined Military Hospital (CMH) in Peshawar. Ishaq's condition deteriorated a few days back after which he was s

Published 22 Feb, 2015 12:00am

Another student of APS attack dies

Ishaq Ameen, 18-year-old, who was critically wounded during terrorist attack on Army Public School (APS) in Peshawar, died on Saturday at the Combined Military Hospital (CMH) in Peshawar. Ishaq's condition deteriorated a few days back after which he was s

Published 22 Feb, 2015 12:00am

US signals likely delay in troop pullout from Afghanistan

President Barack Obama's new Pentagon chief said Saturday the United States was seriously considering slowing the pace of a troop withdrawal from Afghanistan, as the country faces a growing Taliban insurgency. US Defense Secretary Ashton Carter's comments

Published 22 Feb, 2015 12:00am

US signals likely delay in troop pullout from Afghanistan

President Barack Obama's new Pentagon chief said Saturday the United States was seriously considering slowing the pace of a troop withdrawal from Afghanistan, as the country faces a growing Taliban insurgency. US Defense Secretary Ashton Carter's comments

Published 22 Feb, 2015 12:00am

Estranged Pak-Afghan relationship is on the road to recovery

The recent high-level exchanges between Pakistan and Afghanistan indicate that leaderships of the two countries have succeeded in overhauling the decade-long estranged relations. Officials in Pakistan recognise the shift in the policy of the new Afghan le

Published 22 Feb, 2015 12:00am

Estranged Pak-Afghan relationship is on the road to recovery

The recent high-level exchanges between Pakistan and Afghanistan indicate that leaderships of the two countries have succeeded in overhauling the decade-long estranged relations. Officials in Pakistan recognise the shift in the policy of the new Afghan le

Published 22 Feb, 2015 12:00am

Nisar meets more US officials to strengthen ties

The United States has pledged continued support for Pakistan's fight against terror, as Interior Minister Chaudhry Nisar Ali Khan and White House National Security Advisor discussed bilateral relations, efforts for regional stability and the need to align

Published 22 Feb, 2015 12:00am

Nisar meets more US officials to strengthen ties

The United States has pledged continued support for Pakistan's fight against terror, as Interior Minister Chaudhry Nisar Ali Khan and White House National Security Advisor discussed bilateral relations, efforts for regional stability and the need to align

Published 22 Feb, 2015 12:00am

Target of 15.49 million bales set for 2015-16 season

The government has set 15.49 million bales cotton target for the next season (2015-16) against the revised target of 13.48 million bales for the outgoing season (2014-15), it is learnt. The government had set initial target of 15.1 million bales for the c

Published 22 Feb, 2015 12:00am

Pak-MDGs Entire budgeted amount released

The federal government has released the entire budgeted amount of Rs 12.5 billion for Pakistan Millennium Development Goals (Pak-MDGs) and Community Development Programme (CDP) during this week. This was revealed on the website of Ministry of Planning, De

Published 22 Feb, 2015 12:00am

Pak-MDGs Entire budgeted amount released

The federal government has released the entire budgeted amount of Rs 12.5 billion for Pakistan Millennium Development Goals (Pak-MDGs) and Community Development Programme (CDP) during this week. This was revealed on the website of Ministry of Planning, De

Published 22 Feb, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Mar 14	280.30
USD PKR Interbank Buying / Mar 14	280.05
USD to Japanese Yen / Mar 14	148.64
USD to Swiss Franc / Mar 14	0.89
Pound Sterling to USD / Mar 14	1.29
Euro to USD / Mar 14	1.09
UK LIBOR % / Mar 14	4.96

Stock	Volume
S&P 500 / Mar 14	5,638.94
India Sensex / Mar 14	73,828.91
Tokyo Nikkei / Mar 14	37,053.10
Nasdaq / Mar 14	17,754.09
Hang Seng / Mar 14	23,959.98
FTSE 100 / Mar 14	8,632.33
Dow Jones / Mar 14	41,488.19
Germany DAX 30 / Mar 14	22,986.82
France CAC40 / Mar 14	8,028.28

Item	Value
Crude Oil USD/Barrel / Mar 14	67.18
Karachi Cotton PKR/37.32 KG / Mar 14	17,285
Gold 10 Grams PKR / Mar 14	269,204
Gold Spot USD/Ounce / Mar 14	2,984.16
Cotton US¢/pound / Mar 14	67.37
Petrol/Litre / Mar 16	255.63
Diesel/Litre / Mar 16	258.64

Stock	Price
First Fid. Leasing / Mar 14 First Fidelity Leasing Modaraba(FFLM)	2.30 ▲ 0.27 (13.3%)
Frontier Ceram / Mar 14 Frontier Ceramics Limited(FRCL)	20.89 ▲ 1.9 (10.01%)
Pak Synthetics / Mar 14 Pakistan Synthetics Limited(PSYL)	45.16 ▲ 4.11 (10.01%)
At-Tahur Ltd. / Mar 14 At-Tahur Limited(PREMA)	47.08 ▲ 4.28 (10%)
Sanghar Sugar / Mar 14 Sanghar Sugar Mills Limited(SANSM)	43.46 ▲ 3.95 (10%)
Int. Knit. / Mar 14 International Knitwear Limited(INKL)	16.63 ▲ 1.51 (9.99%)
Idrees Tex. / Mar 14 Idrees Textile Mills Limited(IDRT)	26.10 ▲ 2.37 (9.99%)
Hala Enterprise / Mar 14 Hala Enterprises Limited(HAEL)	13.13 ▲ 1.19 (9.97%)
Grays Leasing / Mar 14 Grays Leasing Limited(GRYL)	4.89 ▲ 0.39 (8.67%)
Apna Microfin. / Mar 14 Apna Microfinance Bank Limited(AMBL)	11.10 ▲ 0.87 (8.5%)

Stock	Price
Oilboy Energy / Mar 14 Oilboy Energy Limited(OBOY)	9.80 ▼ -1.2 (-10.91%)
St.Chart.Bank / Mar 14 Standard Chartered Bank (Pak) Ltd(SCBPL)	58.45 ▼ -6.95 (-10.63%)
Tri-Star Mutual / Mar 14 Tri-Star Mutual Fund Limited(TSMF)	7.26 ▼ -0.75 (-9.36%)
National Bank / Mar 14 National Bank of Pakistan(NBP)	74 ▼ -7.2 (-8.87%)
Askari Bank / Mar 14 Askari Bank Limited(AKBL)	39.20 ▼ -3.74 (-8.71%)
F.Credit & Inv / Mar 14 First Credit and Investment Bank Limited(FCIBL)	7.55 ▼ -0.68 (-8.26%)
Prosperity Weav / Mar 14 Prosperity Weaving Mills Limited(PRWM)	35 ▼ -3 (-7.89%)
Elahi Cot. / Mar 14 Elahi Cotton Mills Limited(ELCM)	112 ▼ -9.16 (-7.56%)
First Capital Equities / Mar 14 First Capital Equities Limited(FCEL)	4.65 ▼ -0.35 (-7%)
Kohinoor Mills / Mar 14 Kohinoor Mills Limited(KML)	31.56 ▼ -2.34 (-6.9%)

Stock	Volume
B.O.Punjab / Mar 14 The Bank of Punjab(BOP)	48,802,683 ▼ -0.41
Pak Int.Bulk / Mar 14 Pakistan International Bulk Terminal(PIBTL)	42,663,591 ▲ 0.4
Fauji Foods Ltd / Mar 14 Fauji Foods Limited(FFL)	25,591,149 ▲ 0.98
Barkat Frisian Agro / Mar 14 Barkat Frisian Agro Limited(BFAGRO)	24,680,233 ▲ 1.08
Fauji Cement / Mar 14 Fauji Cement Company Limited(FCCL)	19,660,929 ▼ -0.17
Maple Leaf Cement / Mar 14 Maple Leaf Cement Factory Limited(MLCF)	18,453,160 ▲ 1.21
Cnergyico PK / Mar 14 Cnergyico PK Limited(CNERGY)	13,785,111 ▲ 0.04
Sui South Gas / Mar 14 Sui Southern Gas Company Limited(SSGC)	13,148,794 ▲ 0.02
Pak Elektron / Mar 14 Pak Elektron Limited(PAEL)	13,130,224 ▲ 1.14
D.G.K.Cement / Mar 14 D.G. Khan Cement Company Limited(DGKC)	12,175,485 ▲ 0.87

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