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Print - 2015-04-28
Iran general slams 'declining' Saudi Arabia

Iran general slams 'declining' Saudi Arabia

Iran's Revolutionary Guards chief said Monday Saudi Arabia is verging on collapse as Tehran's position strengthens, putting the kingdom in the same camp as arch-foe Israel over its military intervention in Yemen. A Saudi-led coalition of Sunni Arab states
Published 28 Apr, 2015 12:00am
Arab coalition vows two-pronged strategy

Arab coalition vows two-pronged strategy

A coalition of Arab states vowed to co-ordinate political and military efforts to restore order in Yemen as Saudi-led warplanes Monday launched new air strikes on Shia Huthi rebels. The raids killed at least 12 Huthi insurgents and allied forces as fighti
Published 28 Apr, 2015 12:00am
Arab coalition vows two-pronged strategy

Arab coalition vows two-pronged strategy

A coalition of Arab states vowed to co-ordinate political and military efforts to restore order in Yemen as Saudi-led warplanes Monday launched new air strikes on Shia Huthi rebels. The raids killed at least 12 Huthi insurgents and allied forces as fighti
Published 28 Apr, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Apr, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Apr, 2015 12:00am
10600MW to be added to national grid by end-2017: Dar

10600MW to be added to national grid by end-2017: Dar

Having planned to add about 10600 megawatts (MW) of electricity to the national grid by end 2017, the PML-N dominated federal government is all set to convene a parliamentary parties meeting to take the country''s political stakeholders in confidence on P
Published 28 Apr, 2015 12:00am
10600MW to be added to national grid by end-2017: Dar

10600MW to be added to national grid by end-2017: Dar

Having planned to add about 10600 megawatts (MW) of electricity to the national grid by end 2017, the PML-N dominated federal government is all set to convene a parliamentary parties meeting to take the country's political stakeholders in confidence on Pa
Published 28 Apr, 2015 12:00am
10600MW to be added to national grid by end-2017: Dar

10600MW to be added to national grid by end-2017: Dar

Having planned to add about 10600 megawatts (MW) of electricity to the national grid by end 2017, the PML-N dominated federal government is all set to convene a parliamentary parties meeting to take the country's political stakeholders in confidence on Pa
Published 28 Apr, 2015 12:00am
Levy of Regulatory Duty: Rs 2 billion earned in three months

Levy of Regulatory Duty: Rs 2 billion earned in three months

The government has reportedly earned Rs 2 billion in just three months through a levy of Regulatory Duty on import of different steel products. On January, 14, ECC decided to levy RD on steel products with the intention to gain an additional revenue and a
Published 28 Apr, 2015 12:00am
Levy of Regulatory Duty: Rs 2 billion earned in three months

Levy of Regulatory Duty: Rs 2 billion earned in three months

The government has reportedly earned Rs 2 billion in just three months through a levy of Regulatory Duty on import of different steel products. On January, 14, ECC decided to levy RD on steel products with the intention to gain an additional revenue and a
Published 28 Apr, 2015 12:00am
Levy of Regulatory Duty: Rs 2 billion earned in three months

Levy of Regulatory Duty: Rs 2 billion earned in three months

The government has reportedly earned Rs 2 billion in just three months through a levy of Regulatory Duty on import of different steel products. On January, 14, ECC decided to levy RD on steel products with the intention to gain an additional revenue and a
Published 28 Apr, 2015 12:00am
Accountability court reissues Zardari's summons

Accountability court reissues Zardari's summons

An Accountability Court on Monday re-summoned former president Asif Ali Zardari to appear in person on May 5 in assets' reference case in which he and his slain wife, former prime minister Benazir Bhutto were accused of acquiring assets beyond their legal
Published 28 Apr, 2015 12:00am
Accountability court reissues Zardari's summons

Accountability court reissues Zardari's summons

An Accountability Court on Monday re-summoned former president Asif Ali Zardari to appear in person on May 5 in assets' reference case in which he and his slain wife, former prime minister Benazir Bhutto were accused of acquiring assets beyond their legal
Published 28 Apr, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (April 27, 2015).

Published 28 Apr, 2015 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (April 27, 2015).
Published 28 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 Monday (April 27, 2015).

Published 28 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 Monday (April 27, 2015).

Published 28 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 Monday (April 27, 2015).

Published 28 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 Monday (April 27, 2015).

Published 28 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 28 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 28 Apr, 2015 12:00am
Millat Tractors Ltd

Millat Tractors Ltd

For a firm that more than trebled its third quarter profits for the period ending March 2015, shareholders in Millat Tractors Ltd (MRL) haven't exactly been responding with excitement. The firm's stock price increased only about 1.9 percent on April 22 -
Published 28 Apr, 2015 12:00am
Millat Tractors Ltd

Millat Tractors Ltd

For a firm that more than trebled its third quarter profits for the period ending March 2015, shareholders in Millat Tractors Ltd (MRL) haven't exactly been responding with excitement. The firm's stock price increased only about 1.9 percent on April 22 -
Published 28 Apr, 2015 12:00am
Asifa to lead PPP

Asifa to lead PPP

That Asifa Bhutto Zardari will ultimately lead Pakistan People's Party (PPP) is a significant development that has immensely lent credence to speculations that the party has been hit by some serious differences between Co-Chairman Asif Ali Zardari and son
Published 28 Apr, 2015 12:00am
Quake also devastates impoverished Nepal's economy

Quake also devastates impoverished Nepal's economy

Nepal, one of Asia's poorest countries, faces a crippling multi-billion dollar post-quake reconstruction bill that will set it back years, just as its economy was looking up after a decade-long civil war. Saturday's 7.8-magnitude quake devastated much of
Published 28 Apr, 2015 12:00am
A great opportunity

A great opportunity

Chinese President Xi Jinping's visit last week was another milestone in Pak-China relations that remain unaffected by regime changes in either country. This trend manifests the immensely friendly feelings people in both countries have for each other. No m
Published 28 Apr, 2015 12:00am
Polls in cantonment boards

Polls in cantonment boards

After a break of 17 long years local government elections in all but one (Balochistan's Ormara cantonment due to reasons unrelated to political activity) cantonment boards have been held, marking an important phase in the restoration of local government s
Published 28 Apr, 2015 12:00am
REIT regulations revisited

REIT regulations revisited

The latest notification about the Real Estate Investment Trust (REIT) Regulations 2015 by the SECP through its SRO 328(1)2015 to replace Regulations 2008 appears to be a great leap forward in the real estate market of the country. The REIT Regulations env
Published 28 Apr, 2015 12:00am
Cotton falls on commercial selling after hitting seven-month high

Cotton falls on commercial selling after hitting seven-month high

Cotton futures hit their highest levels in more than seven months on Monday, boosted by strong sales of US cotton that have attracted speculative buying, before turning lower after commercial players took advantage of the high prices to sell.
Published 28 Apr, 2015 12:00am
Shanghai copper up

Shanghai copper up

Shanghai benchmark copper firmed by 0.8 percent to $6,080 a tonne, having struck a one-week high on Monday, while the most active June contract on the Shanghai Futures Exchange climbed 1.4 percent to 43,880 yuan ($7,074) a tonne.
Published 28 Apr, 2015 12:00am
Nickel surges on supply concerns; copper up

Nickel surges on supply concerns; copper up

Nickel prices surged to a one-month high on Monday on prospects for reduced supply, but analysts said the rally could be difficult to sustain. Overall, base metals were boosted by higher Chinese equity prices and hopes for further stimulus in the world's
Published 28 Apr, 2015 12:00am
Oil slips as ample supply counters Yemen, drilling slump

Oil slips as ample supply counters Yemen, drilling slump

Crude settled lower on Monday as ample global supply blunted support from the conflict in Yemen and the falling number of US rigs drilling for oil and kept traders cautious after prices reached 2015 peaks last week.
Published 28 Apr, 2015 12:00am
Argentine soya collection seen speeding along to record harvest

Argentine soya collection seen speeding along to record harvest

Argentina's expected record soya harvest will speed along with minimal rainfall in the week ahead, continuing at a pace of collection already 5 percentage points ahead of last year, agricultural weather experts said on Monday. The world's top exporter of
Published 28 Apr, 2015 12:00am
Tokyo rubber futures surge

Tokyo rubber futures surge

Benchmark Tokyo rubber futures surged to a one-month high on Monday, following a jump in Shanghai futures which were boosted by a flurry of buys from local brokerages and plans by top rubber producers in Asia to boost prices, dealers said. The Tokyo Commo
Published 28 Apr, 2015 12:00am
Malaysian palm oil falls to near two-week low

Malaysian palm oil falls to near two-week low

Malaysian palm oil futures fell to their lowest in nearly two weeks on Monday, stretching losses into a fourth day as a modest pick-up in export demand was offset by strength in the ringgit and lingering concerns over rising yields. Exports of Malaysian p
Published 28 Apr, 2015 12:00am
Coffee falls on large Brazil crop forecast, sugar firms

Coffee falls on large Brazil crop forecast, sugar firms

Coffee futures on ICE fell to the lowest since March on Monday, weighed down by a forecast at the high end of estimates for top grower Brazil, while raw sugar rose in a choppy session that pushed the May/July spread to a discount ahead of the spot contrac
Published 28 Apr, 2015 12:00am
Gold struggles below $1,200 in Asia

Gold struggles below $1,200 in Asia

Gold was languishing near its lowest in five weeks on Monday, as robust equities dented its appeal as a safe-haven, with investors also focusing on the Federal Reserve's policy meeting this week for clues on the timing of a US rate hike. Spot gold had tic
Published 28 Apr, 2015 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold rose back above $1,185 an ounce on Monday, recovering from the previous session's five-week low, as investors awaited the Federal Reserve's policy meeting later this week for clues on the timing of a US rate increase.
Published 28 Apr, 2015 12:00am
US MIDDAY: corn and wheat fall

US MIDDAY: corn and wheat fall

US corn and wheat futures fell on Monday to their lowest levels since October, on outlooks for speedy corn plantings in the Midwest and crop-friendly rains in the southern Plains wheat belt. Chicago Board of Trade corn futures extended declines to their s
Published 28 Apr, 2015 12:00am
US MIDDAY: gold rallies

US MIDDAY: gold rallies

Gold jumped more than 2 percent early on Monday to above $1,200 an ounce, on track for its biggest one-day rise since January as the rally had some dealers scrambling to cover short positions and the May options expiry triggered more buying. The more vola
Published 28 Apr, 2015 12:00am
Asian gasoil margin likely to slip

Asian gasoil margin likely to slip

The Asian gasoil margin is expected to slip in the second half of the year on the start-up of a new refinery in India adding more spot supply to the market, traders said on Monday. Indian Oil Corp has started the process of commissioning its 300,000 barre
Published 28 Apr, 2015 12:00am
Chinese farmers to expand corn areas due to high state prices

Chinese farmers to expand corn areas due to high state prices

Chinese farmers could expand corn acreage by 3 percent this year to take advantage of high prices offered by the state stockpiler, industry analysts said, a move that would put further pressure on Beijing to reduce its massive corn stocks. A stockpiling s
Published 28 Apr, 2015 12:00am
Indian oilseeds, soyaoil futures rise on monsoon concerns

Indian oilseeds, soyaoil futures rise on monsoon concerns

Indian oilseeds and soyaoil futures rose on Monday on concerns over weak monsoon, while restricted soyabean supplies in local markets aided sentiment. India is expected to see below-average rains this year as the emergence of an El Nino weather pattern wi
Published 28 Apr, 2015 12:00am
Oil cake market rates

Oil cake market rates

An upward trend seen on the forward cottonseed oilcake market on Monday in the process of trading, dealers said. The May vaida closed at Rs 1750.80 on Saturday and it commenced with 50 paisa rise at Rs 1751.30 in the morning session, they said. The July v
Published 28 Apr, 2015 12:00am
Cotton market: thin trade as ginners raise asking prices

Cotton market: thin trade as ginners raise asking prices

Insipid business was seen on the cotton market on Monday as most of the ginners again raised asking prices as they have very little stock of lint cotton, dealers said. The official spot rate was unchanged at Rs 5300, dealers said. Nearly 1,000 bales of co
Published 28 Apr, 2015 12:00am
Ukraine spring grain sowing 44 percent complete

Ukraine spring grain sowing 44 percent complete

Ukrainian farmers had sown 3.2 million hectares of spring grain for 2015 harvest as of April 27, or 44 percent of the initial sowing area, the agriculture ministry said on Monday. The pace of this year's sowing is much lower than in 2014, when farmers had
Published 28 Apr, 2015 12:00am
Colombian coffee differentials rise to highest in three weeks

Colombian coffee differentials rise to highest in three weeks

Differentials for Colombian coffee rose to their highest levels in more than three weeks in the past week, amid continued weakness in futures prices and concerns that producers had oversold the upcoming mitaca, or mid-crop. The average premium for usual g
Published 28 Apr, 2015 12:00am
Upward trend on grain market

Upward trend on grain market

An upward trend was seen on the wholesale grain market on Monday in the process of modest trading, dealers said. On the cereals side, Makai low type was down by Rs 60 to Rs 2500 while the best quality was unchanged at Rs 2575, other commodities maintained
Published 28 Apr, 2015 12:00am
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