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Print - 2015-04-02
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 01, 2015).

Published 02 Apr, 2015 12:00am
US ready to accept AIIB: Lew

US ready to accept AIIB: Lew

US Treasury Secretary Jacob Lew said Tuesday that Washington was "ready to welcome" the China-led Asian Infrastructure Investment Bank, easing toward the new development institution after the US expressed early concerns.
Published 02 Apr, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 01, 2015).

Published 02 Apr, 2015 12:00am
Final LNG price to range between $10 and $11

Final LNG price to range between $10 and $11

The final price of the imported Liquefied Natural Gas (LNG) will be in the range of $10 to $11 per Million British Thermal Unit (MMBTU), it is learnt. The procurement price from Qatar as publicly announced by Federal Minister for Petroleum and Natural Res
Published 02 Apr, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 01, 2015).

Published 02 Apr, 2015 12:00am
Final LNG price to range between $10 and $11

Final LNG price to range between $10 and $11

The final price of the imported Liquefied Natural Gas (LNG) will be in the range of $10 to $11 per Million British Thermal Unit (MMBTU), it is learnt. The procurement price from Qatar as publicly announced by Federal Minister for Petroleum and Natural Res
Published 02 Apr, 2015 12:00am
Final LNG price to range between $10 and $11

Final LNG price to range between $10 and $11

The final price of the imported Liquefied Natural Gas (LNG) will be in the range of $10 to $11 per Million British Thermal Unit (MMBTU), it is learnt. The procurement price from Qatar as publicly announced by Federal Minister for Petroleum and Natural Res
Published 02 Apr, 2015 12:00am
PSM products: reason behind lower sales identified

PSM products: reason behind lower sales identified

Privatisation Commission has reportedly termed the disparity in prices of imported steel products, especially those from China, the principal reason behind difficulties in the sale of finished products of Pakistan Steel Mills (PSM), it was learnt.
Published 02 Apr, 2015 12:00am
PSM products: reason behind lower sales identified

PSM products: reason behind lower sales identified

Privatisation Commission has reportedly termed the disparity in prices of imported steel products, especially those from China, the principal reason behind difficulties in the sale of finished products of Pakistan Steel Mills (PSM), it was learnt.
Published 02 Apr, 2015 12:00am
PSM products: reason behind lower sales identified

PSM products: reason behind lower sales identified

Privatisation Commission has reportedly termed the disparity in prices of imported steel products, especially those from China, the principal reason behind difficulties in the sale of finished products of Pakistan Steel Mills (PSM), it was learnt.
Published 02 Apr, 2015 12:00am
Grant for provinces approved by Dar

Grant for provinces approved by Dar

Finance Minister, Senator Mohammad Ishaq Dar here Wednesday approved a Rs 2.9 billion incentive grant for immediate apportionment among the provinces. It may be recalled that the CCI on a proposal from the Finance Division had decided that the provinces w
Published 02 Apr, 2015 12:00am
Grant for provinces approved by Dar

Grant for provinces approved by Dar

Finance Minister, Senator Mohammad Ishaq Dar here Wednesday approved a Rs 2.9 billion incentive grant for immediate apportionment among the provinces. It may be recalled that the CCI on a proposal from the Finance Division had decided that the provinces w
Published 02 Apr, 2015 12:00am
Vote rigging allegations: government and PTI ink landmark pact

Vote rigging allegations: government and PTI ink landmark pact

Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) on Wednesday signed an agreement after Prime Minister Nawaz Sharif approved formation of judicial commission to investigate the vote rigging allegations. The leaders of both PTI and P
Published 02 Apr, 2015 12:00am
Vote rigging allegations: government and PTI ink landmark pact

Vote rigging allegations: government and PTI ink landmark pact

Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) on Wednesday signed an agreement after Prime Minister Nawaz Sharif approved formation of judicial commission to investigate the vote rigging allegations. The leaders of both PTI and P
Published 02 Apr, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (April 01, 2015).

Published 02 Apr, 2015 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (April 01, 2015).
Published 02 Apr, 2015 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 Wednesday (April 01, 2015).

Published 02 Apr, 2015 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 Wednesday (April 01, 2015).

Published 02 Apr, 2015 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 Wednesday (April 01, 2015).

Published 02 Apr, 2015 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 Wednesday (April 01, 2015).

Published 02 Apr, 2015 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 02 Apr, 2015 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 02 Apr, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Apr, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Apr, 2015 12:00am
Meezan Bank earns Rs 4.57 billion profit-after-tax

Meezan Bank earns Rs 4.57 billion profit-after-tax

The 19th Annual General Meeting (AGM) of Meezan Bank Limited was held on March 27, at its Head Office - Meezan House, Karachi. Chairman Audit Committee Mohammad Abdul Aleem chaired the AGM, which was attended by Meezan Bank's management team, external aud
Published 02 Apr, 2015 12:00am
Meezan Bank earns Rs 4.57 billion profit-after-tax

Meezan Bank earns Rs 4.57 billion profit-after-tax

The 19th Annual General Meeting (AGM) of Meezan Bank Limited was held on March 27, at its Head Office - Meezan House, Karachi. Chairman Audit Committee Mohammad Abdul Aleem chaired the AGM, which was attended by Meezan Bank's management team, external aud
Published 02 Apr, 2015 12:00am
MTB auction: government borrows Rs 76 billion

MTB auction: government borrows Rs 76 billion

The federal government Wednesday borrowed some Rs76 billion through the auction for Pakistan Market Treasury Bills (MTBs). The SBP, on April 1, 2015, conducted the auction for the sale of 3-, 6- and 12-month T-bills and received bids amounting to Rs 228 b
Published 02 Apr, 2015 12:00am
MTB auction: government borrows Rs 76 billion

MTB auction: government borrows Rs 76 billion

The federal government Wednesday borrowed some Rs76 billion through the auction for Pakistan Market Treasury Bills (MTBs). The SBP, on April 1, 2015, conducted the auction for the sale of 3-, 6- and 12-month T-bills and received bids amounting to Rs 228 b
Published 02 Apr, 2015 12:00am
LHC hands over minors to parents

LHC hands over minors to parents

The Lahore High Court on Wednesday handed over two siblings Waqas aged 10, and Aasia 12, to their parents after the Gulberg Police found them in the house of former Punjab home secretary Ijaz Shah's brother, Nawaz Shah. Petitioner Muhammad Hanif, of Nanka
Published 02 Apr, 2015 12:00am
Funfair festival opens at SU

Funfair festival opens at SU

The two-day Funfair Festival organised by the Bureau of STAGS in collaboration with the Sindh University's Department of Public Administration opened outside Arts Faculty Building on Wednesday.
Published 02 Apr, 2015 12:00am
Phase I of Kachi Canal Project: Ahsan gives deadline to Wapda

Phase I of Kachi Canal Project: Ahsan gives deadline to Wapda

The Federal Minister for Planning, Development and Reform Professor Ahsan Iqbal has given June 30, deadline to Wapda to finish 400km long phase I of Kachi Canal Project. He assured to release Rs 7 billion soon for the project and directed Wapda to keep in
Published 02 Apr, 2015 12:00am
Workshop

Workshop

A four-day training workshop on 'Communication with Youth' was organised by Quality Enhancement Cell, the University of Agriculture Peshawar from March 24-27, at the University main campus. The objective of this training was to train the administrative st
Published 02 Apr, 2015 12:00am
President for focusing on trade, investment with Spain

President for focusing on trade, investment with Spain

President Mamnoon Hussain has said that trade, investment, and people-to-people contacts should be centre piece of bilateral relations with Spain. The President was talking to Ambassador of Pakistan to Spain Rafat Mahdi who called on him at Aiwan-e-Sadr o
Published 02 Apr, 2015 12:00am
Habib Insurance Company Limited

Habib Insurance Company Limited

Launched in 1942, Habib Insurance falls under the umbrella of Habib Group. From a paid-up capital of Rs2.5 million at the time of its onset, the company now enjoys a strong paid-up capital of nearly Rs619 million. This gradual increase in the paid-up capi
Published 02 Apr, 2015 12:00am
Habib Insurance Company Limited

Habib Insurance Company Limited

Launched in 1942, Habib Insurance falls under the umbrella of Habib Group. From a paid-up capital of Rs2.5 million at the time of its onset, the company now enjoys a strong paid-up capital of nearly Rs619 million. This gradual increase in the paid-up capi
Published 02 Apr, 2015 12:00am
Party-less LG polls in Islamabad

Party-less LG polls in Islamabad

How unfortunate it is that the government has pushed through a bill in the National Assembly providing for party-less elections in Islamabad amid a strong protest by opposition. A Supreme Court decision on holding party-less elections in cantonment boards
Published 02 Apr, 2015 12:00am
Emerging trends in shaping tax policy

Emerging trends in shaping tax policy

A fiscal system is influenced by economic, political and social factors.1 These elements change directions of a country's tax structure; and the emerging situation thus makes it difficult to distinguish the economic effects of the taxes. These factors no
Published 02 Apr, 2015 12:00am
Nuclear power plants: Is society's concern justified?

Nuclear power plants: Is society's concern justified?

In an age where the world faces the impact of the continued use of fossil fuels on climate change and global warming, there is a need to focus on alternative sources of fuel to power the future. Looking at alternative sources of power, nuclear power gener
Published 02 Apr, 2015 12:00am
The Iran N-challenge

The Iran N-challenge

Of course the nuclear talks between the P5+1 and Iran missed the March 31 deadline for a framework agreement, but not the target: general accord on "all key aspects" has been reached. An agreed draft on preliminary agreement is expected to be signed in a
Published 02 Apr, 2015 12:00am
Oil, gas matters: Sindh's legitimate concerns

Oil, gas matters: Sindh's legitimate concerns

The Inter-Provincial Coordination Committee under the chairmanship of its Minister Riaz Hussain Pirzada - its meetings a prelude to the constitutionally mandated Council of Common Interest (CCI) meeting - has urged the Ministry of Petroleum and Natural Re
Published 02 Apr, 2015 12:00am
Cotton dips in light volume after planting intentions report

Cotton dips in light volume after planting intentions report

Cotton futures fell in light volume on Wednesday, drifting lower on the heels of strong gains in the prior session after the US government released a much-anticipated planting intentions report. The front-month May cotton contract on ICE Futures US fell 0
Published 02 Apr, 2015 12:00am
Shanghai copper retreats

Shanghai copper retreats

The most-traded June copper contract on the Shanghai Futures Exchange, which had dropped 1.6 percent, pared losses to 1.2 percent at 43,260 yuan ($6,982) a tonne on Wednesday after Chinese factory activity performed a fraction better than expected, while
Published 02 Apr, 2015 12:00am
Nickel bounces off near six-year low, tin slides

Nickel bounces off near six-year low, tin slides

Nickel bounced off its lowest level in nearly six years on Wednesday as some investors, betting on price falls, locked in profits, but concerns about Chinese economic growth weighed on other base metals. Nickel has spiralled lower on worries about lacklus
Published 02 Apr, 2015 12:00am
Oil jumps after US output drop as Iran talks drag

Oil jumps after US output drop as Iran talks drag

Oil jumped as much as 5 percent on Wednesday, snapping a three-session losing streak, as US crude output fell for the first time in two months and the government announced a smaller-than-feared rise in weekly stockpiles. The market's focus on Iran nuclear
Published 02 Apr, 2015 12:00am
Rubber falls

Rubber falls

Benchmark Tokyo rubber futures fell for a fourth straight session to a fresh 3-week low on Wednesday as plunging oil prices and nagging concerns about slack demand in top consumer China weighed on investor sentiment, dealers said.
Published 02 Apr, 2015 12:00am
Corn hit by one-two punch of US plantings

Corn hit by one-two punch of US plantings

A double-whammy of US crop reports pegging corn plantings and inventories above traders' estimates knocked down grain futures on Tuesday and fueled forecasts for further price declines. Taken together, the data lifted expectations for corn supplies after
Published 02 Apr, 2015 12:00am
Palm oil down

Palm oil down

Malaysian palm oil futures edged lower on Wednesday as worries over increased production and a stronger ringgit dampened buying.
Published 02 Apr, 2015 12:00am
Sugar and cocoa gain

Sugar and cocoa gain

Raw sugar futures saw their largest single-session gain in nearly two months on Wednesday as the real currency of top-grower Brazil rallied and speculator money poured into underperforming commodities on the first day of the new quarter.
Published 02 Apr, 2015 12:00am
Gold down in New York

Gold down in New York

Gold turned lower on Tuesday, pressured by the firm US dollar and weak oil prices, and with expectations that the Federal Reserve will increase interest rates this year pushing bullion toward its second monthly decline.
Published 02 Apr, 2015 12:00am
Gold climbs in Asia

Gold climbs in Asia

Gold kicked off April by climbing on Wednesday as the dollar retreated, but expectations the Federal Reserve is on course to lift interest rates this year capped gains. Investors are looking to US jobs data due on Friday, when another strong number could
Published 02 Apr, 2015 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose more than one percent on Wednesday as the dollar retreated after a downbeat US jobs report raised expectations the Federal Reserve could be more cautious in tightening monetary policy. The dollar fell 0.1 percent against a basket of currencies,
Published 02 Apr, 2015 12:00am
US MIDDAY: soy extends rally

US MIDDAY: soy extends rally

US soyabean futures jumped 1.6 percent early on Wednesday, their third straight day of gains, as the US government's forecast for smaller-than-expected plantings of the oilseed continued to fuel buying. Corn and wheat also rose, rebounding from sharp loss
Published 02 Apr, 2015 12:00am
US MIDDAY: gold jumps after downbeat March

US MIDDAY: gold jumps after downbeat March

Gold rallied 2 percent early on Wednesday as the dollar retreated after a downbeat US jobs report raised expectations that the Federal Reserve could be more cautious in tightening monetary policy.
Published 02 Apr, 2015 12:00am
Budget 2015-16: OICCI submits proposals

Budget 2015-16: OICCI submits proposals

The Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted its proposals to the Federal Board of Revenue (FBR) for the Budget 2015-16. OICCI represents 197 leading foreign investors from 35 countries, including several Fortune 500 firms
Published 02 Apr, 2015 12:00am
Incidents of targeted killings in Karachi decline

Incidents of targeted killings in Karachi decline

The incidents of targeted killings in the city have reduced significantly as 306 people have so far been killed since the law enforcement agencies launched an operation in Karachi against 651 persons killed during the same period prior to the operation.
Published 02 Apr, 2015 12:00am
JS Bank recognised for its CSR activities

JS Bank recognised for its CSR activities

JS Bank has been recognised for its admirable Corporate Social Responsibility efforts at the eighth National CSR Excellence Awards Ceremony 2015. The eighth National CSR Excellence Awards was organised by the prestigious CSR Association of Pakistan. JS Ba
Published 02 Apr, 2015 12:00am
Registration of seminaries continues in Punjab: minister

Registration of seminaries continues in Punjab: minister

Provincial Home Minister Shuja Khanzada has said that registration of seminaries is continuing in the province under Social Security Act and 13,729 seminaries have so far been registered through Punjab Information Technology Board Geotagging. Talking to m
Published 02 Apr, 2015 12:00am
LHC overturns sessions judge's order

LHC overturns sessions judge's order

The Lahore High Court on Wednesday overturned an order on a six-year-old, which issued by a sessions judge about the registration of a crop-theft case against over 10 activists from the Anjuman-i-Mazaarian Okara. Petitioner Abdul Razzaq, the organisation
Published 02 Apr, 2015 12:00am
Polani nominated FPCCI body chief

Polani nominated FPCCI body chief

Yahya Polani, MD Polani Group, and Chairman IATA Agency Programme Joint Council (APJC) Pakistan has been nominated as Chairman Standing Committee on Aviation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) by Mian Muhammad Adrees P
Published 02 Apr, 2015 12:00am
Pujara replaces Younus at Yorkshire

Pujara replaces Younus at Yorkshire

Yorkshire have signed India's Cheteshwar Pujara until the end of May after cancelling the contract of Younus Khan, the English county champions announced on Wednesday. Veteran batsman Younus was due to be Yorkshire's overseas player for 2015, but his desi
Published 02 Apr, 2015 12:00am
'I'm no money-grabber': Sterling

'I'm no money-grabber': Sterling

Liverpool forward Raheem Sterling rejected suggestions he was "money-grabbing" in an interview aired on Wednesday, after his talks over a new contract hit an impasse. The 20-year-old England star's future has become the subject of intense speculation in t
Published 02 Apr, 2015 12:00am
China's Chen, Lin dominate Malaysia Open

China's Chen, Lin dominate Malaysia Open

World champion Chen Long of China was on top form as he stormed into the second round of the Malaysia Open after an easy win over Japan's Takuma Ueda on Wednesday. The top-seeded Chen, who is coming off the back of a victorious run at the All-England Cham
Published 02 Apr, 2015 12:00am
Sri Lanka urges Sangakkara retirement rethink

Sri Lanka urges Sangakkara retirement rethink

Sri Lanka's sports minister on Wednesday urged the world's number one batsman Kumar Sangakkara to reconsider plans to retire from Test cricket and urged him to play on for another year. Navin Dissanayake told reporters that he hoped a government-ordered o
Published 02 Apr, 2015 12:00am
Mexico edge Paraguay

Mexico edge Paraguay

Mexico striker Eduardo Herrera scored in the third minute to give "El Tri" a 1-0 victory over Paraguay on Tuesday in an international football friendly. In the home stadium of American football's Kansas City Chiefs, the Mexico side won their second match
Published 02 Apr, 2015 12:00am
Handball champion to face match-fixing trial

Handball champion to face match-fixing trial

World and Olympic handball champion Nikola Karabatic and 15 other people will stand trial on fraud charges over alleged match-fixing, a lawyer for the French sports hero said Wednesday.
Published 02 Apr, 2015 12:00am
Mills follows Vettori into retirement

Mills follows Vettori into retirement

New Zealand pace bowler Kyle Mills announced his retirement from all cricket Wednesday, following Daniel Vettori in calling it quits after the World Cup final. Mills was consistently ranked among the world's top 10 one-day bowlers throughout his illustrio
Published 02 Apr, 2015 12:00am
Djokovic storms back to reach Miami quarters

Djokovic storms back to reach Miami quarters

Desperate Novak Djokovic fought back from a set and a break down to defeat Alexandr Dolgopolov 6-7 (3/7), 7-5, 6-0 Tuesday, salvaging hopes of defending his Miami Open title. World number one Djokovic won 24 of the last 27 points to reach a quarter-final
Published 02 Apr, 2015 12:00am
Australia's final World Cup sledge ends with apology

Australia's final World Cup sledge ends with apology

Australian wicketkeeper Brad Haddin has offered an unusual half-apology after his final World Cup sledging of New Zealand, suggesting that liquid celebrations may have fuelled his frank comments during a radio interview.
Published 02 Apr, 2015 12:00am
Hafeez set to undergo reassessment of bowling action

Hafeez set to undergo reassessment of bowling action

Pakistani all-rounder Mohammad Hafeez will undergo a reassessment test on his bowling action in India on April 9 to try to revive his struggling career, a statement said Wednesday. The 34-year-old off-spinner's action was deemed illegal after a biomechani
Published 02 Apr, 2015 12:00am
Brazil manufacturing posts sharpest decline since September 2011

Brazil manufacturing posts sharpest decline since September 2011

Activity in Brazil's long-crippled manufacturing sector contracted at its sharpest pace in 3-1/2 years in March, a private survey showed on Wednesday, fueling expectations that Latin America's largest economy is slipping into a recession.
Published 02 Apr, 2015 12:00am
China telecom giant Huawei's 2014 net profit up

China telecom giant Huawei's 2014 net profit up

Chinese telecommunications equipment giant Huawei's net profit surged more than 32 percent to 27.9 billion yuan ($4.5 billion) in 2014, it said Tuesday, helped by demand from emerging markets. The United States has long seen Huawei as a security threat du
Published 02 Apr, 2015 12:00am
China telecom giant Huawei's 2014 net profit up

China telecom giant Huawei's 2014 net profit up

Chinese telecommunications equipment giant Huawei's net profit surged more than 32 percent to 27.9 billion yuan ($4.5 billion) in 2014, it said Tuesday, helped by demand from emerging markets. The United States has long seen Huawei as a security threat du
Published 02 Apr, 2015 12:00am
CEE manufacturing powers ahead as euro zone strengthens

CEE manufacturing powers ahead as euro zone strengthens

Manufacturing activity in central Europe expanded strongly in March thanks to the region's close ties to the reviving euro zone - as well as to it avoiding excessive currency gains by keeping monetary policy loose.
Published 02 Apr, 2015 12:00am
Snubbed Norway seeks to join China-led development bank

Snubbed Norway seeks to join China-led development bank

Norway said Tuesday it wanted to join the China-backed Asian Infrastructure Investment Bank, even though Beijing has snubbed Oslo since the Nobel Peace Prize was awarded to a Chinese dissident.
Published 02 Apr, 2015 12:00am
China home prices fall in March

China home prices fall in March

Falls in Chinese house prices decelerated in March from the previous month, a survey showed Tuesday, after authorities loosened mortgage and tax policies as growth in the world's second-largest economy slows.
Published 02 Apr, 2015 12:00am
Telekom Austria aims to save around 90m euro in 2015

Telekom Austria aims to save around 90m euro in 2015

Telekom Austria aims to save around 90 million euros ($97 million) this year in a cost-cutting drive, the America Movil unit said in its 2014 annual report published on Tuesday.
Published 02 Apr, 2015 12:00am
Galeries Lafayette to close two French stores

Galeries Lafayette to close two French stores

Galeries Lafayette plans to close at least two loss-making department stores in France as it saves its cash for an international expansion aimed at tapping high-spenders from emerging markets to counter weak demand at home, unions said on Tuesday.
Published 02 Apr, 2015 12:00am