News Archives for Print - 2015-03-22

LNG deal quite transparent, insists Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said the LNG agreement with Qatar is being negotiated in a transparent manner and PPRA rules have been fully implemented.

Published 22 Mar, 2015 12:00am

UK lawmaker highlights sugar lobbying in 'cash for access' report

Former British foreign minister Jack Straw highlighted two occasions on which he lobbied successfully on behalf of commodities trader ED&F Man in an interview that has helped to reignite a damaging 2010 "cash for access" row.

Published 22 Mar, 2015 12:00am

Oil storage at sea stalls as profit play fades

Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore's said on Tuesday. In January, the price of spot oil was around 50 percent lower than a peak hit i

Published 22 Mar, 2015 12:00am

Bangladesh seeks to boost exports with cotton summit

Bangladesh, the world's second largest cotton importer, has invited buyers and sellers to a two-day global summit from next Friday to help support its textile and clothing exports. The sector accounted for $24 billion of Bangladesh's $25 billion of goods

Published 22 Mar, 2015 12:00am

Russia grants wheat from state stocks to Moscow

Russia's government has approved the allocation of more than one third of state wheat stocks to the city of Moscow, the head of Russia's Grain Union said on Tuesday, a move that could put more pressure on domestic wheat prices. In an effort to curb food p

Published 22 Mar, 2015 12:00am

Hedge fund Scipion Capital fills commodity trade finance gap

Hedge fund manager Scipion Capital is hoping to appeal to institutional investors disillusioned with poor commodity fund performance by offering an alternative - a commodity trade finance fund that delivers decent steady returns. In recent years some bank

Published 22 Mar, 2015 12:00am

Hedge fund Scipion Capital fills commodity trade finance gap

Hedge fund manager Scipion Capital is hoping to appeal to institutional investors disillusioned with poor commodity fund performance by offering an alternative - a commodity trade finance fund that delivers decent steady returns. In recent years some bank

Published 22 Mar, 2015 12:00am

Global coffee output hits three-year low

World coffee production in 2014/2015 is estimated to drop 3.2 percent from the previous season to 142 million bags, the lowest in three years, the International Coffee Organisation said in a report. The output was revised up slightly from 141.6 million 60

Published 22 Mar, 2015 12:00am

South Africa seen harvesting lower maize crop in 2015

South Africa will harvest 27 percent less maize this season than last year after a severe drought hit major crop-producing areas, a Reuters survey showed on Wednesday. The poor harvest could have implications for food prices and inflation as maize is Sout

Published 22 Mar, 2015 12:00am

Perfect storm

The evolving political situation is creating a perfect storm that tends to threaten the very structure of the status quo national political landscape. Every day one wakes up to ever new revelations made by sources whose credibility may or may not stand th

Published 22 Mar, 2015 12:00am

A much-needed court verdict

Delivering a landmark judgement in a paternity denial case, a two-member bench of the Supreme Court of Pakistan overturned a Lahore High Court verdict, ruling that the Muslim Personal Law does not vest with husbands the right to casually deny the paternit

Published 22 Mar, 2015 12:00am

Real sector

The following are excerpts from "Monetary Policy Information Compendium" issued by State Bank of Pakistan on the occasion of announcement of its Monetary Policy Statement (MPS) yesterday.

Published 22 Mar, 2015 12:00am

Real sector

The following are excerpts from "Monetary Policy Information Compendium" issued by State Bank of Pakistan on the occasion of announcement of its Monetary Policy Statement (MPS) yesterday.

Published 22 Mar, 2015 12:00am

Real sector

The following are excerpts from "Monetary Policy Information Compendium" issued by State Bank of Pakistan on the occasion of announcement of its Monetary Policy Statement (MPS) yesterday.

Published 22 Mar, 2015 12:00am

As lakes become deserts, drought is Iran's new problem

Nazar Sarani's village in south-east Iran was once an island. It is now a desert, a casualty of the country's worsening water crisis.

Published 22 Mar, 2015 12:00am

Pipedreams: Turkey aims to be gas transit hub

Turkey has staked a claim to become a major transit hub with two new pipelines to pump gas from Azerbaijan and Russia to Europe, but boasting may prove easier than fulfilling the ambitious projects.

Published 22 Mar, 2015 12:00am

World Cup: top teams reach semis

No doubt, all top teams have entered the semi-final round of the Cricket World Cup. Australia overcame Pakistan on Friday to set up a World Cup semi-final with defending champions India, while New Zealand have defeated West Indies to confront South Africa

Published 22 Mar, 2015 12:00am

Reforms aimed at increasing tax to GDP ratio: Bajwa

Chairman Federal Board of Revenue Tariq Bajwa has said tax reforms are being carried out with the consultation of stakeholders and the board's doors are always open for tax practitioners and taxpayers. He told a pre-budget seminar, arranged by the Lahore

Published 22 Mar, 2015 12:00am

New JIT formed for Kot Radha Kishan incident

-A new Joint Investigation Team (JIT) has been formed to probe the burning to death of a Christian couple in Kot Radha Kishan in November last year. The old JIT has been dissolved. DIG Akhtar Umar Hayat Lalika will head the new JIT. The report submitted b

Published 22 Mar, 2015 12:00am

Nestle to bring project WET to Pakistan this year

On the occasion of World Water Day, Nestle Pakistan has announced that it will be bringing Project WET (Water Education for Teachers) to Pakistan in the second quarter of this year. Under the project, the company will train teachers on exercises to preser

Published 22 Mar, 2015 12:00am

No change in prices of kitchen items witnessed

Prices of most of the essential kitchen items witnessed no change last week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday.

Published 22 Mar, 2015 12:00am

World Forest Day observed: elimination of pollution, provision of clean atmosphere pledged

Punjab Forests, Wildlife and Fisheries Secretary Jehanzeb Khan has criticised the forests department for adopting the zero tolerance policy on illegal cutting of trees, saying: "We should pledge on the World Forest Day to eliminate environmental pollution

Published 22 Mar, 2015 12:00am

'US cannot succeed in region without Pakistan Navy's support'

The Commander of US Naval Forces Central Command has acknowledged the contribution of Pakistan Navy for ensuring maritime peace in the region and said the United States cannot succeed without support of Pakistan Navy.

Published 22 Mar, 2015 12:00am

Two-day training on disaster risk reduction held

Pakistan is among top ten countries on climate change risk index, hence it is imperative that Pakistan need to invest more to tackle challenges of climate change effectively. This was stated by Shabnam Baloch Provincial Manager Oxfam at opening session of

Published 22 Mar, 2015 12:00am

Five passengers offloaded

FIA Immigration staff here at Allama Iqbal International Airport offloaded five passengers due to violation of immigration laws. As per details, two Singapore nationals namely Geeta Rani and Khalil Ahmad Jalal were held by FIA for expired Pakistani visa w

Published 22 Mar, 2015 12:00am

PEF de-caps upper ceiling of 482 private schools

The Punjab Education Foundation (PEF) has de-capped the upper ceiling of 482 private schools partnering under the 'foundation assisted school' programme. The de-capped schools fall in the categories of A+, A, B+ and B. These schools are situated in differ

Published 22 Mar, 2015 12:00am

JD holds Pakistan Ideology Conference today

The Jamaat-ud-Dawah (JD) is going to hold the grand Pakistan Ideology Conference in Lahore on Sunday at the University Ground, Chahburji to promote the unity among the people of Pakistan. The JD had invited all political and religious parties of Pakistan

Published 22 Mar, 2015 12:00am

Deposit of seized gold: Pakistan Mint critical of customs oversight

Pakistan Mint Lahore (PML) has expressed serious concern over scanty security oversight by customs officials of different Model Customs Collectorates (MCCs), transferring huge quantities of gold worth millions to the PML, as in two cases gold worth over R

Published 22 Mar, 2015 12:00am

Inland Revenue Zone II Gujrat: GTBA for shifting office to one main building

The Gujrat Tax Bar Association has urged the in-land revenue member to shift offices of the In-land Revenue Zone II Gujrat to one main building at a suitable location since the present arrangement of two separate offices is causing inconvenience to taxpay

Published 22 Mar, 2015 12:00am

Pakistan takes part in Asia Parliamentary Assembly moot

Senator Muhammad Yousaf Baloch and Member National Assembly Bilal Ahmed Virk represented Pakistan in the Asia Parliamentary Assembly's (APA) Standing Committee Meeting on Political Affairs held from 19-20 March 2015 at Ankara, Turkey.

Published 22 Mar, 2015 12:00am

48 held for re-establishing encroachments

District administration arrested 48 persons for re-establishing encroachments in Board Bazaar and sealed 12 illegally constructed shops. On the directives of Deputy Commissioner (DC) Peshawar, Riaz Khan Mehsud, Additional Assistant Commissioners (AACs) Me

Published 22 Mar, 2015 12:00am

Water and Sustainable Development

World Water Day is held annually on 22 March as a means of focusing attention on the importance of freshwater and advocating for the sustainable management of freshwater resources. An international day to celebrate freshwater was recommended at the 1992 U

Published 22 Mar, 2015 12:00am

UN awareness campaign on fresh water

UN-Water co-ordinates the United Nations awareness campaigns on freshwater and sanitation. Campaigns are led by one or more Member(s) on behalf of UN-Water with the support of other Members, Partners, Programmes and relevant stakeholders.

Published 22 Mar, 2015 12:00am

A day to celebrate, a day to change, a day to prepare

World Water Day is marked on 22 March every year. It's a day to celebrate water. It's a day to make a difference for the members of the global population who suffer from water related issues. It's a day to prepare for how we manage water in the future.

Published 22 Mar, 2015 12:00am

Pak Oasis, turning mirages into reality

The importance of water cannot be challenged in any way. Without water life comes to a standstill. Water is key for human survival, we may live weeks without food but we can only survive days without water. A drop of clean water is precious, precious for

Published 22 Mar, 2015 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 22 Mar, 2015 12:00am

Open market rates of foreign currencies

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

Published 22 Mar, 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 Mar, 2015 12:00am

Member to Member

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

Published 22 Mar, 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 (March 21, 2015).

Published 22 Mar, 2015 12:00am

THE RUPEE: steadier trend

The rupee firmly held the overnight level against the dollar on the money market on Saturday in the process of trading, dealers said.

Published 22 Mar, 2015 12:00am

THE RUPEE: steadier trend

The rupee firmly held the overnight level against the dollar on the money market on Saturday in the process of trading, dealers said.

Published 22 Mar, 2015 12:00am

Kerb buying and selling rate of US dollar

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

Published 22 Mar, 2015 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 21, 2015).

Published 22 Mar, 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 (March 21, 2015).

Published 22 Mar, 2015 12:00am

Grain market rates

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

Published 22 Mar, 2015 12:00am

Hides and skin rates

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

Published 22 Mar, 2015 12:00am

Lahore Paper Market Rates

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

Published 22 Mar, 2015 12:00am

Lahore Grain Market Rates

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

Published 22 Mar, 2015 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

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

Published 22 Mar, 2015 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

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

Published 22 Mar, 2015 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am

The Weather

The weather report on Saturday (March 21, 2015) and the forecast for Sunday (March 22, 2015).

Published 22 Mar, 2015 12:00am

LNG deal quite transparent, insists Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said the LNG agreement with Qatar is being negotiated in a transparent manner and PPRA rules have been fully implemented.

Published 22 Mar, 2015 12:00am

LNG deal quite transparent, insists Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said the LNG agreement with Qatar is being negotiated in a transparent manner and PPRA rules have been fully implemented.

Published 22 Mar, 2015 12:00am

HSBC sued by US credit union group over mortgage-backed securities

The National Credit Union Administration Board filed suit against HSBC Bank USA, alleging it did not fulfil trustee duties for 37 residential mortgage-backed securities trusts, the group said on Friday. The credit union group filed the suit in federal cou

Published 22 Mar, 2015 12:00am

World Down Syndrome Day observed

The World Down Syndrome Day 2015 marked on Saturday with a resolve to extend help to people with down syndrome and to create awareness among the people. With focus on "My Opportunities, My Choices - Enjoying Full and Equal Rights and the Role of Families,

Published 22 Mar, 2015 12:00am

Government helps extend BISP outreach: Dar

Federal Minister for Finance Ishaq Dar has said that the poor and needy people had the right to be the first beneficiary of the state resources and the government would extend all possible support to the Benazir Income Support Program (BISP) to extend its

Published 22 Mar, 2015 12:00am

World Bank approves $187 million for Sindh's water management plan

The World Bank on Friday approved US$187 million for Sindh Irrigated Agricultural Productivity Enhancement Project (SIAPEP) to help improve irrigation water management at tertiary and field levels in Sindh.

Published 22 Mar, 2015 12:00am

FBR seeks 'pro-revenue budget' proposals: circular sent to tax bodies

Assuaging the upshot of anticipated revenue shortfall mainly because of oil price decline in current fiscal year, the Federal Board of Revenue (FBR) has adopted a wary approach and appears reticent to espouse friendly budget for next financial year; it is

Published 22 Mar, 2015 12:00am

CJ SHC opens AIC at Circuit Bench Hyderabad

Chief Justice Sindh High Court, Justice Faisal Arab inaugurated the Affidavit and Identification Cell (AIC) at SHC Circuit Bench Hyderabad on Saturday. The cell was established to ensure the identification of witness, petitioner and accused through bio-me

Published 22 Mar, 2015 12:00am

Rehman denies links with Ayyan Ali

Former Interior Minister Rehman Malik has on Saturday denied any links with the model Ayyan Ali. He also said that he will file defamation suits against those who alleged him of having links with the model, allegedly involved in money-laundering.

Published 22 Mar, 2015 12:00am

Partial strike in interior Sindh on JSQM call

Partial strike was observed in different cities and towns of interior Sindh on Saturday to protest against the failure of the provincial authorities to arrest the assassins of JSQM leaders Maqsood Qureshi and Salman Wadhu. The Jeay Sindh Quami Mahaz (JSQM

Published 22 Mar, 2015 12:00am

Counter Terrorism Department: Sindh chief minister approves budget summary

Chief Minister Sindh Qaim Ali Shah on Saturday approved the summary of budget for the establishment of Counter Terrorism Department (CTD). The department will recruit at least 2,500 personnel.

Published 22 Mar, 2015 12:00am

JI chief calls for revisiting 2013 election results in metropolis

Jamaat-i-Islami (JI) chief Sirajul Haq said on Saturday that the just proposed judicial commission should also revisit the results of the 2013 general elections of Karachi to write off the existing 'fake' political mandate.

Published 22 Mar, 2015 12:00am

Full dress rehearsal of Pakistan Day parade held

Full dress rehearsal of Pakistan Day parade was held on Saturday in Islamabad at the newly constructed Parade Ground near Faizabad Interchange.

Published 22 Mar, 2015 12:00am

Iran's leader rules out regional co-operation with US

Iran's supreme leader Ayatollah Ali Khamenei on Saturday ruled out any co-operation with the United States in the troubled Middle East, saying talks with Washington are confined to nuclear issues. In a closely watched speech marking the Persian new year f

Published 22 Mar, 2015 12:00am

Iran's leader rules out regional co-operation with US

Iran's supreme leader Ayatollah Ali Khamenei on Saturday ruled out any co-operation with the United States in the troubled Middle East, saying talks with Washington are confined to nuclear issues. In a closely watched speech marking the Persian new year f

Published 22 Mar, 2015 12:00am

Steel items'' import: sales tax collection mechanism may be revised

The Federal Board of Revenue (FBR) is examining a proposal to revise sales tax collection mechanism particularly in case of commercial importers dealing in iron & steel re-meltable scrap specifically compressor scrap. Sources told Business Recorder here o

Published 22 Mar, 2015 12:00am

Steel items' import: sales tax collection mechanism may be revised

The Federal Board of Revenue (FBR) is examining a proposal to revise sales tax collection mechanism particularly in case of commercial importers dealing in iron & steel re-meltable scrap specifically compressor scrap. Sources told Business Recorder here o

Published 22 Mar, 2015 12:00am

Steel items' import: sales tax collection mechanism may be revised

The Federal Board of Revenue (FBR) is examining a proposal to revise sales tax collection mechanism particularly in case of commercial importers dealing in iron & steel re-meltable scrap specifically compressor scrap. Sources told Business Recorder here o

Published 22 Mar, 2015 12:00am

Thousands in Georgia march call for government to step down

Tens of thousands of Georgians joined a protest rally Saturday in the ex-Soviet republic's capital Tbilisi to demand the government's resignation, claimed it has mishandled the battered economy. Protesters packed Tbilisi's central Freedom Square after bei

Published 22 Mar, 2015 12:00am

Thousands in Georgia march call for government to step down

Tens of thousands of Georgians joined a protest rally Saturday in the ex-Soviet republic's capital Tbilisi to demand the government's resignation, claimed it has mishandled the battered economy. Protesters packed Tbilisi's central Freedom Square after bei

Published 22 Mar, 2015 12:00am

Cantonment areas: LG polls to be held on non-party basis: ECP

The Election Commission of Pakistan (ECP) is reviewing an anomaly that has been created by holding the local government (LG) elections in 43 cantonment boards' areas on non-party basis while in the rest of the country polls would be on the party basis, so

Published 22 Mar, 2015 12:00am

Cantonment areas: LG polls to be held on non-party basis: ECP

The Election Commission of Pakistan (ECP) is reviewing an anomaly that has been created by holding the local government (LG) elections in 43 cantonment boards' areas on non-party basis while in the rest of the country polls would be on the party basis, so

Published 22 Mar, 2015 12:00am

Cantonment area: LG elections challenged

Pakistan Tehreek-i-Insaf, Lahore Cantonment President, Awais Younas has challenged the Local Government elections on non-party basis being held in the Cantonment areas. The petitioner told the Lahore High Court that the Election Commission of Pakistan ann

Published 22 Mar, 2015 12:00am

Seven soldiers, 80 militants die in Khyber operation: ISPR

Seven soldiers have embraced the martyrdom and 80 militants have been killed during the ongoing operation in Khyber Agency, the army spokesman said on Saturday. ISPR chief Major-General Asim Bajwa on his official Twitter said that in Khyber terrorists bei

Published 22 Mar, 2015 12:00am

Seven soldiers, 80 militants die in Khyber operation: ISPR

Seven soldiers have embraced the martyrdom and 80 militants have been killed during the ongoing operation in Khyber Agency, the army spokesman said on Saturday. ISPR chief Major-General Asim Bajwa on his official Twitter said that in Khyber terrorists bei

Published 22 Mar, 2015 12:00am

Switzerland, Luxembourg plan to join development bank AIIB

Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China''s finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States.

Published 22 Mar, 2015 12:00am

Switzerland, Luxembourg plan to join development bank AIIB

Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China's finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States.

Published 22 Mar, 2015 12:00am

Switzerland, Luxembourg plan to join development bank AIIB

Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China's finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States.

Published 22 Mar, 2015 12:00am

Three killed, district police chief injured in blast

At least three people were killed and police chief for Chahar Dara district, Ghulam Muhiuddin, and his son were injured in a roadside mine blast in northern Kunduz province, local officials. The incident took place around 11 am Saturday when the vehicle o

Published 22 Mar, 2015 12:00am

Three killed, district police chief injured in blast

At least three people were killed and police chief for Chahar Dara district, Ghulam Muhiuddin, and his son were injured in a roadside mine blast in northern Kunduz province, local officials. The incident took place around 11 am Saturday when the vehicle o

Published 22 Mar, 2015 12:00am

Judicial Commission: Dar briefs political leaders

Finance Minister Ishad Dar telephoned different political leaders Saturday and briefed them about the agreement that PML-N has reached with PTI over the establishment of a judicial commission to probe alleged vote rigging allegations. The political leader

Published 22 Mar, 2015 12:00am

Judicial Commission: Dar briefs political leaders

Finance Minister Ishad Dar telephoned different political leaders Saturday and briefed them about the agreement that PML-N has reached with PTI over the establishment of a judicial commission to probe alleged vote rigging allegations. The political leader

Published 22 Mar, 2015 12:00am

O/N reverse repo rate slashed

The State Bank of Pakistan Saturday announced reduction in overnight reverse repo (ceiling) rate from 8.50 percent to 8.00 percent p.a. The SBP overnight repo facility will be available at 5.50 percent p.a. This will serve as the 'floor' for the interest

Published 22 Mar, 2015 12:00am

Wah Brass loan: ECC tells ministries to renegotiate interest rate

The Economic Co-ordination Committee (ECC) of the Cabinet has directed ministries of finance and defence production to renegotiate with banks to resolve interest rate applicable to the loan of Wah Brass Mills (WBM).

Published 22 Mar, 2015 12:00am

Afghan President predicts a 'difficult' spring

Afghanistan faces a difficult spring in terms of security as the so-called "fighting season" with the Taliban begins, Afghan President Ashraf Ghani said Saturday. "The winter has been extraordinarily difficult. And barring major breakthroughs in the regio

Published 22 Mar, 2015 12:00am

Afghan President predicts a 'difficult' spring

Afghanistan faces a difficult spring in terms of security as the so-called "fighting season" with the Taliban begins, Afghan President Ashraf Ghani said Saturday. "The winter has been extraordinarily difficult. And barring major breakthroughs in the regio

Published 22 Mar, 2015 12:00am

PM explains criticality of country''s financial, economic hub: ''Karachi operation against no political party''

Prime Minister Nawaz Sharif Saturday said the ongoing operation in Karachi was against criminals and not against any particular political party. Talking to the members of business community here at the Sialkot Chamber of Commerce and Industry, the Prime M

Published 22 Mar, 2015 12:00am

PM explains criticality of country's financial, economic hub: 'Karachi operation against no political party'

Prime Minister Nawaz Sharif Saturday said the ongoing operation in Karachi was against criminals and not against any particular political party. Talking to the members of business community here at the Sialkot Chamber of Commerce and Industry, the Prime M

Published 22 Mar, 2015 12:00am

PM explains criticality of country's financial, economic hub: 'Karachi operation against no political party'

Prime Minister Nawaz Sharif Saturday said the ongoing operation in Karachi was against criminals and not against any particular political party. Talking to the members of business community here at the Sialkot Chamber of Commerce and Industry, the Prime M

Published 22 Mar, 2015 12:00am

O/N reverse repo rate slashed

The State Bank of Pakistan Saturday announced reduction in overnight reverse repo (ceiling) rate from 8.50 percent to 8.00 percent p.a. The SBP overnight repo facility will be available at 5.50 percent p.a. This will serve as the ''floor'' for the interes

Published 22 Mar, 2015 12:00am

Policy rate cut by 50 basis points to 8 percent on lower inflation outlook

Sensing economic indicators' movement in a favourable direction, the State Bank of Pakistan (SBP) on Saturday announced a cut in key policy rate of 50 basis points (bps) from 8.5 percent to 8.0 percent. The Central Board of Directors of SBP, met this week

Published 22 Mar, 2015 12:00am

Policy rate cut by 50 basis points to 8 percent on lower inflation outlook

Sensing economic indicators'' movement in a favourable direction, the State Bank of Pakistan (SBP) on Saturday announced a cut in key policy rate of 50 basis points (bps) from 8.5 percent to 8.0 percent. The Central Board of Directors of SBP, met this wee

Published 22 Mar, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 10	280.65
USD PKR Interbank Buying / Apr 10	280.45
USD to Japanese Yen / Apr 10	146.33
USD to Swiss Franc / Apr 10	0.85
Pound Sterling to USD / Apr 10	1.29
Euro to USD / Apr 10	1.10
UK LIBOR % / Apr 8	4.96

Stock	Volume
S&P 500 / Apr 9	5,456.90
India Sensex / Apr 9	73,847.15
Nasdaq / Apr 9	17,124.97
Dow Jones / Apr 9	40,608.45
Tokyo Nikkei / Apr 10	34,609
Hang Seng / Apr 10	20,681.78
FTSE 100 / Apr 10	7,991.30
Germany DAX 30 / Apr 10	20,795.81
France CAC40 / Apr 10	7,230.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 9	17,085
Gold 10 Grams PKR / Apr 9	275,205
Cotton US¢/pound / Apr 9	66.63
Crude Oil USD/Barrel / Apr 10	60.72
Gold Spot USD/Ounce / Apr 10	3,105.88
Petrol/Litre / Apr 11	254.63
Diesel/Litre / Apr 11	258.64

Stock	Price
Tri-Star Mutual / Apr 10 Tri-Star Mutual Fund Limited(TSMF)	8.10 ▲ 1 (14.08%)
Burj Clean Energy Modaraba / Apr 10 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9 ▲ 1 (12.5%)
Pak Agro Pack. (GEM) / Apr 10 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.85 ▲ 0.79 (11.19%)
Nazir Cotton Mills / Apr 10 Nazir Cotton Mills Limited(NCML)	11.84 ▲ 1.08 (10.04%)
Pak Gulf Leasing / Apr 10 Pak-Gulf Leasing Company Limited(PGLC)	17.79 ▲ 1.62 (10.02%)
Frontier Ceram / Apr 10 Frontier Ceramics Limited(FRCL)	24.59 ▲ 2.24 (10.02%)
Tandlianwala Sugar / Apr 10 Tandlianwala Sugar Mills Limited(TSML)	73.99 ▲ 6.73 (10.01%)
Sanghar Sugar / Apr 10 Sanghar Sugar Mills Limited(SANSM)	53.19 ▲ 4.84 (10.01%)
Sui South Gas / Apr 10 Sui Southern Gas Company Limited(SSGC)	39.13 ▲ 3.56 (10.01%)
Air Link Com. / Apr 10 Air Link Communication Limited(AIRLINK)	173.15 ▲ 15.74 (10%)

Stock	Price
JS Mom. Factor ETF / Apr 10 JS Momentum Factor ETF(JSMFETF)	11.69 ▼ -1.58 (-11.91%)
Premier Sugar / Apr 10 The Premier Sugar Mills(PMRS)	324 ▼ -36 (-10%)
Fateh Ind. / Apr 10 Fateh Industries Limited(FIL)	121.01 ▼ -11.82 (-8.9%)
Pak. P.V.C. / Apr 10 Pakistan PVC Limited(PPVC)	8.26 ▼ -0.74 (-8.22%)
Sardar Chemical / Apr 10 Sardar Chemical Industries Limited(SARC)	32.25 ▼ -2.41 (-6.95%)
Tri-Star Power / Apr 10 Tri-Star Power Limited(TSPL)	6.62 ▼ -0.42 (-5.97%)
Elahi Cot. / Apr 10 Elahi Cotton Mills Limited(ELCM)	128.80 ▼ -7.6 (-5.57%)
Gulshan Sp. / Apr 10 Gulshan Spinning Mills Limited(GSPM)	3.11 ▼ -0.18 (-5.47%)
Pak Gen.Ins. / Apr 10 The Pakistan General Insurance Co. Ltd.(PKGI)	9 ▼ -0.48 (-5.06%)
United Brands / Apr 10 United Brands Limited(UBDL)	22.09 ▼ -1.14 (-4.91%)

Stock	Volume
Cnergyico PK / Apr 10 Cnergyico PK Limited(CNERGY)	86,201,675 ▲ 0.18
K-Electric Ltd. / Apr 10 K-Electric Limited(KEL)	57,719,498 ▲ 0.34
Sui South Gas / Apr 10 Sui Southern Gas Company Limited(SSGC)	44,728,211 ▲ 3.56
Pak Int.Bulk / Apr 10 Pakistan International Bulk Terminal(PIBTL)	37,513,715 ▲ 0.76
Maple Leaf Cement / Apr 10 Maple Leaf Cement Factory Limited(MLCF)	20,991,880 ▲ 0.92
PIA Holding Co.Ltd / Apr 10 PIA Holding Company Limited(PIAHCLA)	20,463,930 ▼ -0.11
Pak Elektron / Apr 10 Pak Elektron Limited(PAEL)	20,122,690 ▲ 4.08
Fauji Cement / Apr 10 Fauji Cement Company Limited(FCCL)	19,229,506 ▲ 0.12
At-Tahur Ltd. / Apr 10 At-Tahur Limited(PREMA)	19,056,551 ▲ 3.8
WorldCall Telecom / Apr 10 Worldcall Telecom Limited(WTL)	16,620,477 ▲ 0.03

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