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Print - 2015-06-24
Sindh chief minister blames power cuts for deaths

Sindh chief minister blames power cuts for deaths

Chief Minister Sindh Syed Qaim Ali Shah on Tuesday blamed power cuts for over 500 deaths across the province, conceding that 'somewheere negligence has happened'. Speaking during Sindh Assembly session, he said that the K-Electric Managing Director had ne
Published 24 Jun, 2015 12:00am
Sindh government announces public holiday

Sindh government announces public holiday

Sindh government announced public holiday for today (Wednesday) across the province against power outages. according to a private TV. According to a circular issued from office of provincial information minister, holiday has been announced in view of inte
Published 24 Jun, 2015 12:00am
Sindh government announces public holiday

Sindh government announces public holiday

Sindh government announced public holiday for today (Wednesday) across the province against power outages. according to a private TV. According to a circular issued from office of provincial information minister, holiday has been announced in view of inte
Published 24 Jun, 2015 12:00am
Karachi heatwave death toll soars to 800

Karachi heatwave death toll soars to 800

The death toll due to the punishing heatwave continues to soar in the metropolis as it has claimed as many as 800 lives so far, health and rescue officials said. Attributing the unprecedented casualties to deadly heatwaves, Provincial Health Minister Jam
Published 24 Jun, 2015 12:00am
Karachi heatwave death toll soars to 800

Karachi heatwave death toll soars to 800

The death toll due to the punishing heatwave continues to soar in the metropolis as it has claimed as many as 800 lives so far, health and rescue officials said. Attributing the unprecedented casualties to deadly heatwaves, Provincial Health Minister Jam
Published 24 Jun, 2015 12:00am
Demands for grants, appropriation: opposition boycotts National Assembly

Demands for grants, appropriation: opposition boycotts National Assembly

All the opposition parties on Tuesday boycotted the National Assembly for by-passing the opposition during the passage of demands for grants and appropriation for the next financial year and decided to observe country-wide ''''black day'''' against deaths
Published 24 Jun, 2015 12:00am
Demands for grants, appropriation: opposition boycotts National Assembly

Demands for grants, appropriation: opposition boycotts National Assembly

All the opposition parties on Tuesday boycotted the National Assembly for by-passing the opposition during the passage of demands for grants and appropriation for the next financial year and decided to observe country-wide ''black day'' against deaths of
Published 24 Jun, 2015 12:00am
Demands for grants, appropriation: opposition boycotts National Assembly

Demands for grants, appropriation: opposition boycotts National Assembly

All the opposition parties on Tuesday boycotted the National Assembly for by-passing the opposition during the passage of demands for grants and appropriation for the next financial year and decided to observe country-wide 'black day' against deaths of ne
Published 24 Jun, 2015 12:00am
Demands for grants, appropriation: opposition boycotts National Assembly

Demands for grants, appropriation: opposition boycotts National Assembly

All the opposition parties on Tuesday boycotted the National Assembly for by-passing the opposition during the passage of demands for grants and appropriation for the next financial year and decided to observe country-wide 'black day' against deaths of ne
Published 24 Jun, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 23, 2015).

Published 24 Jun, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 23, 2015).
Published 24 Jun, 2015 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (June 23, 2015).

Published 24 Jun, 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 Tuesday (June 23, 2015).

Published 24 Jun, 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 24 Jun, 2015 12:00am
State Bank of Pakistan conversion rates
Currency

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 24 Jun, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 24 Jun, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 24 Jun, 2015 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5.35 billion as compared to PKR 2.21 billion reported on Friday. The number of lots traded also increased to 30 million from 3.6 million. PMEX Commodity Index increased by 0.60 percen
Published 24 Jun, 2015 12:00am
US natural gas futures fall nearly three percent

US natural gas futures fall nearly three percent

US natural gas futures fell nearly 3 percent on Monday on expectations for weaker demand in the latest weather forecast, and projections for production to increase. Front-month gas futures on the New York Mercantile Exchange closed down 8.3 cents at $2.73
Published 24 Jun, 2015 12:00am
US Midwest soyabeans bids fall

US Midwest soyabeans bids fall

Spot basis bids for soyabeans fell around the US Midwest on Monday, with supplies plentiful at processors, elevators and river terminals due to recent farmer sales. The basis was weakest at river locations, where high water has slowed movement by barge, r
Published 24 Jun, 2015 12:00am
US FOB Gulf corn export premiums firm

US FOB Gulf corn export premiums firm

Export premiums for corn shipped from the US Gulf Coast firmed on Monday for near term shipments as slowed barge movement due to Midwest river flooding lifted CIF basis values, raising grain acquisition costs for exporters, traders said. FOB soyabean basi
Published 24 Jun, 2015 12:00am
CBOT wheat futures rise to one-week high

CBOT wheat futures rise to one-week high

Chicago Board of Trade wheat futures rose more than 2 percent on Monday, rising above $5 a bushel for the first time in a week on technical buying and concerns about harvest delays in the US Midwest, traders said. Large speculators continue to hold a net
Published 24 Jun, 2015 12:00am
European wheat prices rise on dry weather

European wheat prices rise on dry weather

European wheat prices rose on Monday, supported by a strong US market and further dry weather in Europe but trade was light due to a lack of international demand linked to strong competition from Black Sea origins. December milling wheat, the new-crop ben
Published 24 Jun, 2015 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 83,389 tonnes of cargo comprising 48,392 tonnes of import cargo and 34,997 tonnes of export cargo including 4,284 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 48,3
Published 24 Jun, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The July vaida was lower on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The July vaida closed at Rs 1842.20 and it opened with a fall of 30 paisa at Rs 1841.90 in the morning session, they said. The December v
Published 24 Jun, 2015 12:00am
Selective buying seen on cotton market
Cotton

Selective buying seen on cotton market

Selective buying was witnessed on the cotton market on Tuesday, main participants were on the sideline in the absence of guiding factors, dealers said. The official spot rate continued weakness, dropping more Rs 50 to Rs 5250, dealers said. In the ready s
Published 24 Jun, 2015 12:00am
Canadian canola futures climb

Canadian canola futures climb

ICE Canadian canola futures climbed on Monday to its highest nearby price since September 2013, driven by weather concerns and technical buying. Weekend rains were disappointing in some areas of Canadian Prairies, a trader said. The patchy Canadian canola
Published 24 Jun, 2015 12:00am
Rice prices fall sharply on grain market
Cotton

Rice prices fall sharply on grain market

Rice prices fell on the wholesale grain market on Tuesday in the process of modest trading, dealers said. On the rice sector, Irri-6 Sindh low type was down by Rs 25 to Rs 3125 and the good type fell by Rs 50 to Rs 3200, Basmati D-98 Shahdadkot lost Rs 20
Published 24 Jun, 2015 12:00am
Fiat Chrysler's new Alfa Romeo puts deal-hungry CEO to the test

Fiat Chrysler's new Alfa Romeo puts deal-hungry CEO to the test

Fiat Chrysler Automobiles (FCA) will launch the first of a new range of Alfa Romeo cars on Wednesday, the lynchpin of its turnaround plan and potentially an opportunity to attract a cash-rich merger partner. Chief Executive Sergio Marchionne is betting on
Published 24 Jun, 2015 12:00am
New Zealand farmer confidence slumps in Q2

New Zealand farmer confidence slumps in Q2

New Zealand farmers' confidence slumped to its lowest level in nine years in the second quarter as sharply lower dairy prices and the prospect of little improvement in the near term weighed on sentiment, a survey showed on Tuesday. A Rabobank survey said
Published 24 Jun, 2015 12:00am
Lower energy exports widen Algeria trade deficit

Lower energy exports widen Algeria trade deficit

Opec member Algeria recorded a trade deficit of $6.3 billion for the first five months of 2015, compared to a $3.44 billion surplus a year earlier, due to lower energy earnings after global oil prices slumped, official data showed on Tuesday. That pushed
Published 24 Jun, 2015 12:00am
Singapore core CPI hits five-year low, opens door to easier policy

Singapore core CPI hits five-year low, opens door to easier policy

Singapore's annual core inflation in May hit a five-year low, data showed on Tuesday, giving the central bank leeway to ease monetary policy if economic growth disappoints in coming months. The Monetary Authority of Singapore's core inflation gauge in May
Published 24 Jun, 2015 12:00am
China's coal imports from Australia down 37.6 percent

China's coal imports from Australia down 37.6 percent

China imported 4.89 million tonnes of coal from Australia in May, down 37.6 percent from the corresponding period last year, figures from the country's customs authority showed on Tuesday. The figure was also down 25.9 percent from April, despite some pre
Published 24 Jun, 2015 12:00am
Carnival says fuel costs, dollar to hurt Q3 profit

Carnival says fuel costs, dollar to hurt Q3 profit

Carnival Corp, the world's largest cruise operator, forecast earnings for its most important quarter below analysts' estimates, citing a stronger dollar and growing fuel costs. While second-quarter fuel costs were 37 percent lower than last year, a recove
Published 24 Jun, 2015 12:00am
Carnival says fuel costs, dollar to hurt Q3 profit

Carnival says fuel costs, dollar to hurt Q3 profit

Carnival Corp, the world's largest cruise operator, forecast earnings for its most important quarter below analysts' estimates, citing a stronger dollar and growing fuel costs. While second-quarter fuel costs were 37 percent lower than last year, a recove
Published 24 Jun, 2015 12:00am
Taiwan export order slump deepens gloom for tech demand

Taiwan export order slump deepens gloom for tech demand

Taiwan's export orders in May fell at their fastest pace in more than two years, darkening the outlook for global technology demand that will likely hurt the island's technology exports. The worse-than-expected 5.9 percent annual decline in May came again
Published 24 Jun, 2015 12:00am
US, China say honesty, not conflict, must guide ties

US, China say honesty, not conflict, must guide ties

The United States and China candidly laid bare their differences Tuesday as they grapple with managing future ties, with both sides insisting confrontation was not in the world's interests. At the start of key annual talks, US Vice President Joe Biden sha
Published 24 Jun, 2015 12:00am
Algeria jails once high-flying financier Rafik Khalifa

Algeria jails once high-flying financier Rafik Khalifa

Algerian financier Rafik Khalifa was jailed for 18 years Tuesday for embezzling from his own bank to finance a lavish lifestyle that included a French villa and a private jet. The 49-year-old ex-golden boy, who built and lost an empire while still in his
Published 24 Jun, 2015 12:00am
Hungary suspends key EU asylum claim rule

Hungary suspends key EU asylum claim rule

Hungary has suspended the application of a key EU asylum rule, according to which a migrant's claim should be processed in the EU country they first arrive in, a government spokesman said on Tuesday. "The boat is full," Zoltan Kovacs told Austrian media,
Published 24 Jun, 2015 12:00am
Obama closer to fast-track authority on Pacific trade deal

Obama closer to fast-track authority on Pacific trade deal

US President Barack Obama moved closer Tuesday to winning fast-track authority to clinch a huge trans-Pacific trade deal, after Senate opponents failed in their final attempt to block it. In a procedural vote, the Republican-dominated Senate voted 60-37 i
Published 24 Jun, 2015 12:00am
Afghan forces recapture key district from Taliban

Afghan forces recapture key district from Taliban

Afghan government forces regained control of a key district near the northern city of Kunduz on Tuesday, after Taliban fighters had threatened to capture a provincial capital for the first time since being driven from power in 2001. Tuesday's victory came
Published 24 Jun, 2015 12:00am
Striking French sailors block Calais port, Channel Tunnel

Striking French sailors block Calais port, Channel Tunnel

Hundreds of protesting French sailors on Tuesday forced the suspension of Eurotunnel services between France and Britain in both directions after torching tyres on the tracks, causing traffic and travel chaos. The demonstrations also sparked a scramble am
Published 24 Jun, 2015 12:00am
More than 1,000 search for prison-break killers

More than 1,000 search for prison-break killers

Hundreds of agents scoured a remote area Tuesday, chasing more than 2,000 leads in a nearly three-week manhunt for two dangerous killers on the run from a New York jail. Richard Matt, 49, and David Sweat, 35, escaped from the Clinton Correctional Facility
Published 24 Jun, 2015 12:00am
Russia sees more foreign tourists despite Ukraine crisis
Currency

Russia sees more foreign tourists despite Ukraine crisis

The number of foreign tourists visiting Russia grew by 16 percent in the first quarter compared with a year earlier, helped by a devalued ruble amid Western sanctions, a tourism official told AFP on Tuesday. "Almost five million foreign tourists have visi
Published 24 Jun, 2015 12:00am
BlackBerry quarterly software revenue jumps

BlackBerry quarterly software revenue jumps

BlackBerry Ltd said on Tuesday its turnaround gained traction as sales at its crucial software segment rose in the first quarter and its broader revenue slide began to ease, sending its shares up 4.3 percent. Quarterly revenue totalled $658 million in the
Published 24 Jun, 2015 12:00am
BlackBerry quarterly software revenue jumps

BlackBerry quarterly software revenue jumps

BlackBerry Ltd said on Tuesday its turnaround gained traction as sales at its crucial software segment rose in the first quarter and its broader revenue slide began to ease, sending its shares up 4.3 percent. Quarterly revenue totalled $658 million in the
Published 24 Jun, 2015 12:00am
French economy firing up as private sector nears four-year high

French economy firing up as private sector nears four-year high

French private sector business activity grew at its fastest in almost four years in June as the manufacturing sector pulled out of recession, suggesting the second-largest euro zone economy is finally beginning to recover. Data compiler Markit said its pr
Published 24 Jun, 2015 12:00am
Britain finalises 'toughest' banker bonus rules in the world
Libor

Britain finalises 'toughest' banker bonus rules in the world

Top bankers in Britain could have their bonuses clawed back a decade after they were awarded under proposals from regulators on Tuesday that would make industry pay curbs the toughest in the world. Critics said the plans meant that British banks would hav
Published 24 Jun, 2015 12:00am
US durable goods orders data suggest manufacturing stabilising

US durable goods orders data suggest manufacturing stabilising

A gauge of US business investment spending plans rose in May in a tentative sign of stabilisation in the manufacturing sector, which has been weak since the late summer of 2014. But the lingering effects of lower oil prices and a strong dollar will contin
Published 24 Jun, 2015 12:00am
3M strikes $1.8 billion deal for KKR's Capital Safety

3M strikes $1.8 billion deal for KKR's Capital Safety

3M Co said on Tuesday that it would buy protection equipment company Capital Safety from private equity firm KKR & Co for $1.8 billion, the largest acquisition in the US diversified manufacturer's history. The acquisition of Capital Safety, which sells ha
Published 24 Jun, 2015 12:00am
China approves $21 billion worth of subway system projects

China approves $21 billion worth of subway system projects

China's top economic planner has approved two subway system projects worth 129.8 billion yuan ($20.91 billion), according to documents published on Tuesday, continuing a run of infrastructure approvals as the government looks to support its slowing econom
Published 24 Jun, 2015 12:00am
Ahold, Delhaize close to merger deal

Ahold, Delhaize close to merger deal

Dutch retail giant Ahold and its Belgian rival Delhaize are on the verge of a merger announcement to create one of the world's largest retail companies, Dutch financial daily Het Financieele Dagblad reported on Tuesday. Citing sources close to the deal, t
Published 24 Jun, 2015 12:00am
Eurozone business growth accelerates to 4-year high

Eurozone business growth accelerates to 4-year high

Eurozone private businesses expanded at their fastest pace in four years this month, a survey showed on Tuesday, providing the clearest signs yet of a solid recovery in the region. The bright readings for the euro zone were complimented by surveys out of
Published 24 Jun, 2015 12:00am
Australian home prices heat up, Sydney all but ablaze

Australian home prices heat up, Sydney all but ablaze

Australian house prices have risen for the 10th straight quarter led by another outsized gain in Sydney, adding to concerns about an overheating market and diminishing affordability in the city. Tuesday's data from the Australian Bureau of Statistics show
Published 24 Jun, 2015 12:00am
China's factory activity shows signs of stabilisation

China's factory activity shows signs of stabilisation

China's factory activity showed signs of stabilising in June, with two private surveys suggesting the economy may be regaining some momentum even as many analysts expect further policy support to ensure the recovery becomes more sure-footed. The HSBC/Mark
Published 24 Jun, 2015 12:00am
Etisalat boosts Abu Dhabi index as Saudi Arabia's bourse stabilises

Etisalat boosts Abu Dhabi index as Saudi Arabia's bourse stabilises

A leap by the shares of United Arab Emirates telecommunications operator Etisalat boosted Abu Dhabi's stock market sharply on Tuesday, while Saudi Arabia stabilised after six straight trading days of declines. Etisalat said local and foreign institutions
Published 24 Jun, 2015 12:00am
Nikkei climbs to new 15-year high

Nikkei climbs to new 15-year high

Tokyo's benchmark Nikkei index climbed 1.87 percent Tuesday to close at a new 15-year high on hopes for a Greek bailout deal. The Nikkei 225 index soared 381.23 points to end at 20,809.42, after busting through 20,700 for the first time since April 2000.
Published 24 Jun, 2015 12:00am
Tuesday's early trade: stocks shed gains after comments on rate rise

Tuesday's early trade: stocks shed gains after comments on rate rise

US stocks trimmed earlier gains and were mostly negative in late morning trading after comments from Federal Reserve Governor Jerome Powell that the economy could be ready for interest rate increases twice this year. The Nasdaq Composite index touched a r
Published 24 Jun, 2015 12:00am
Wall Street rises, Nasdaq ends at record

Wall Street rises, Nasdaq ends at record

US stocks ended higher on Monday, with the Nasdaq closing at a record as hopes grew that a deal would be reached to prevent Greece from defaulting on loans. Equities have been largely driven by the situation in Greece of late, with investors concerned tha
Published 24 Jun, 2015 12:00am