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Print - 2016-03-05
North Korea leader orders nuclear arsenal on 'standby'

North Korea leader orders nuclear arsenal on 'standby'

Leader Kim Jong-Un has ordered North Korea's nuclear arsenal to be readied for pre-emptive use at any time, in an expected escalation of military rhetoric following the UN Security Council's adoption of tough new sanctions on Pyongyang. The North's nuclea
Published 05 Mar, 2016 12:00am
North Korea leader orders nuclear arsenal on 'standby'

North Korea leader orders nuclear arsenal on 'standby'

Leader Kim Jong-Un has ordered North Korea's nuclear arsenal to be readied for pre-emptive use at any time, in an expected escalation of military rhetoric following the UN Security Council's adoption of tough new sanctions on Pyongyang. The North's nuclea
Published 05 Mar, 2016 12:00am
Prime Minister approves launch of 'Green Pakistan Programme'

Prime Minister approves launch of 'Green Pakistan Programme'

Prime Minister Nawaz Sharif Friday approved the launch of "Green Pakistan Programme" to improve forestry and wildlife sectors in the country. The Prime Minister will lead the Green Pakistan Programme on the pattern of "Green Wall Programme" of China which
Published 05 Mar, 2016 12:00am
Prime Minister approves launch of 'Green Pakistan Programme'

Prime Minister approves launch of 'Green Pakistan Programme'

Prime Minister Nawaz Sharif Friday approved the launch of "Green Pakistan Programme" to improve forestry and wildlife sectors in the country. The Prime Minister will lead the Green Pakistan Programme on the pattern of "Green Wall Programme" of China which
Published 05 Mar, 2016 12:00am
Cricket team in India: Nisar asked to ensure security

Cricket team in India: Nisar asked to ensure security

Prime Minister Muhammad Nawaz Sharif Friday directed Minister for Interior Chaudhry Nisar Ali Khan to ensure foolproof security of Pakistan cricket team in India, in co-ordination with Pakistan High Commission in New Delhi. He said this in a meeting with
Published 05 Mar, 2016 12:00am
Cricket team in India: Nisar asked to ensure security

Cricket team in India: Nisar asked to ensure security

Prime Minister Muhammad Nawaz Sharif Friday directed Minister for Interior Chaudhry Nisar Ali Khan to ensure foolproof security of Pakistan cricket team in India, in co-ordination with Pakistan High Commission in New Delhi. He said this in a meeting with
Published 05 Mar, 2016 12:00am
Privatisation plans crucial part of IMF bailout

Privatisation plans crucial part of IMF bailout

The privatisation of 68 state-owned companies, among them loss-making enterprises such as PIA, is a crucial part of the 2013 IMF bailout and was meant to put the country''''s finances back on track. The government has made some progress, for instance by r
Published 05 Mar, 2016 12:00am
Privatisation plans crucial part of IMF bailout

Privatisation plans crucial part of IMF bailout

The privatisation of 68 state-owned companies, among them loss-making enterprises such as PIA, is a crucial part of the 2013 IMF bailout and was meant to put the country''s finances back on track. The government has made some progress, for instance by rai
Published 05 Mar, 2016 12:00am
Privatisation plans crucial part of IMF bailout

Privatisation plans crucial part of IMF bailout

The privatisation of 68 state-owned companies, among them loss-making enterprises such as PIA, is a crucial part of the 2013 IMF bailout and was meant to put the country's finances back on track. The government has made some progress, for instance by rais
Published 05 Mar, 2016 12:00am
Privatisation plans crucial part of IMF bailout

Privatisation plans crucial part of IMF bailout

The privatisation of 68 state-owned companies, among them loss-making enterprises such as PIA, is a crucial part of the 2013 IMF bailout and was meant to put the country's finances back on track. The government has made some progress, for instance by rais
Published 05 Mar, 2016 12:00am
PIA sell-off bill rejected by Senate

PIA sell-off bill rejected by Senate

The ruling Pakistan Muslim League-Nawaz (PML-N) on Friday once again failed to secure the passage of the Pakistan International Airlines Corporation (PIAC) (Conversion) Bill, 2015 from Senate. The bill now goes to a joint-sitting of parliament next week,
Published 05 Mar, 2016 12:00am
PIA sell-off bill rejected by Senate

PIA sell-off bill rejected by Senate

The ruling Pakistan Muslim League-Nawaz (PML-N) on Friday once again failed to secure the passage of the Pakistan International Airlines Corporation (PIAC) (Conversion) Bill, 2015 from Senate. The bill now goes to a joint-sitting of parliament next week,
Published 05 Mar, 2016 12:00am
PIA sell-off bill rejected by Senate

PIA sell-off bill rejected by Senate

The ruling Pakistan Muslim League-Nawaz (PML-N) on Friday once again failed to secure the passage of the Pakistan International Airlines Corporation (PIAC) (Conversion) Bill, 2015 from Senate. The bill now goes to a joint-sitting of parliament next week,
Published 05 Mar, 2016 12:00am
Jhagra takes oath as Governor KP

Jhagra takes oath as Governor KP

Senior PML-N leader Iqbal Zafar Jhagra took oath as Governor Khyber Pakhtunkhwa at Governor's House, Peshawar on Friday. The Chief Justice of Peshawar High Court, Justice, Mazhar Alam Khan Miankhel administered the oath to him. Chief Minister, Parvez Khan
Published 05 Mar, 2016 12:00am
Jhagra takes oath as Governor KP

Jhagra takes oath as Governor KP

Senior PML-N leader Iqbal Zafar Jhagra took oath as Governor Khyber Pakhtunkhwa at Governor's House, Peshawar on Friday. The Chief Justice of Peshawar High Court, Justice, Mazhar Alam Khan Miankhel administered the oath to him. Chief Minister, Parvez Khan
Published 05 Mar, 2016 12:00am
Brazilian Lula detained in Petrobras corruption probe
Currency

Brazilian Lula detained in Petrobras corruption probe

Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a federal investigation of a vast corruption scheme, fanning a political crisis that threatens to topple his successor, President Dilma Rousseff. Lula''
Published 05 Mar, 2016 12:00am
Brazilian Lula detained in Petrobras corruption probe
Currency

Brazilian Lula detained in Petrobras corruption probe

Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a federal investigation of a vast corruption scheme, fanning a political crisis that threatens to topple his successor, President Dilma Rousseff. Lula's
Published 05 Mar, 2016 12:00am
Brazilian Lula detained in Petrobras corruption probe
Currency

Brazilian Lula detained in Petrobras corruption probe

Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a federal investigation of a vast corruption scheme, fanning a political crisis that threatens to topple his successor, President Dilma Rousseff. Lula's
Published 05 Mar, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 04, 2016).

Published 05 Mar, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 04, 2016).
Published 05 Mar, 2016 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (March 04, 2016).

Published 05 Mar, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

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 05 Mar, 2016 12:00am
State Bank of Pakistan conversion rates
Exchange

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 05 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 05 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 05 Mar, 2016 12:00am
BRIDGE NOTE: Catching inferences - whenever, wherever

BRIDGE NOTE: Catching inferences - whenever, wherever

Bridge is a game of catching inferences whenever, wherever, at times these become crystal clear, but sometimes they are camaflouged to deceive the declarer play into the wrong lane. Nevertheless the deductions to be made from an opponent's particular lead
Published 05 Mar, 2016 12:00am
Jazz in Karachi
Exchange

Jazz in Karachi

Music is an international language of love, peace and harmony. These days the international community is employing music's power in the form of cultural diplomacy with a view to promoting diplomatic, political and cross cultural relationships. The cultura
Published 05 Mar, 2016 12:00am
'Spotlight' takes top Academy Award, OscarsSoWhite other big winner

'Spotlight' takes top Academy Award, OscarsSoWhite other big winner

Catholic Church abuse movie "Spotlight" was named best picture, the top award at Sunday's Oscars ceremony, after a night peppered with pointed punchlines from host Chris Rock about the OscarsSoWhite controversy that has dominated the industry.
Published 05 Mar, 2016 12:00am
Elephants are not for rides; tigers are not for selfies

Elephants are not for rides; tigers are not for selfies

Thailand has been marketed around the world as a place where couples and families can relax on golden beaches, explore lush jungle, and meet exotic animals on the way. Tourists return brandishing smartphone snaps of elephant rides, visits to a tiger templ
Published 05 Mar, 2016 12:00am
Wonder material sparks rush to develop new electronics

Wonder material sparks rush to develop new electronics

Bendable mobile phones, quick-charge batteries and unbreakable touch screens - technology firms are racing to harness the potential of graphene, a wonder material which scientists say could transform consumer electronics. A fine sheet of pure carbon, grap
Published 05 Mar, 2016 12:00am
Girl boxers punch through gender barriers

Girl boxers punch through gender barriers

In a dense and dusty neighbourhood of Karachi, eight young girls lined up against a cement wall, touching their hands to their faces in prayer before boxing practice began. For the last six months, these athletes-in-the-making have been training at the Pa
Published 05 Mar, 2016 12:00am
Gene holds key to (no) grey hair

Gene holds key to (no) grey hair

Dyeing one's hair may no longer be the only option for keeping grey at bay, scientists said Tuesday in announcing the discovery of a gene that makes hair lose its luster. The gene, IRF4, was known to affect colour, but a new study is the first to pinpoint
Published 05 Mar, 2016 12:00am
Beauty experts have tips on the wow effect with stunning eyelashes

Beauty experts have tips on the wow effect with stunning eyelashes

Occasionally dispensing with facial makeup may make you appear fresh and honest, but there's no occasion when you can get away with badly cared-for eyelashes, beauty experts say. To give eyelashes an elegant upwards curve and set them in scene with perfec
Published 05 Mar, 2016 12:00am
Art Facts: Soul harmonizing

Art Facts: Soul harmonizing

Pleasantly delicate and understated expressions appeared in Shireen Kamran paintings in a solo exhibition at Canvas Gallery, Karachi. Titled "Seeking Nothingness" the collection of paintings in subtle tones reflected the matters related to soul. Through p
Published 05 Mar, 2016 12:00am
Karachi Chronicle: Another Oscar

Karachi Chronicle: Another Oscar

For Pakistan it was a moment to be proud that Sharmeen Obaid-Chinoy won a second Oscar for a documentary film highlighting a pressing social issue: honour killing. Sindh Assembly was prompt in paying tribute to the Oscar winner on the same day she won. Ka
Published 05 Mar, 2016 12:00am
The 'myth' of democracy

The 'myth' of democracy

Plato's criticism of republic, when applied to today's democracies, poses a pertinent question: Are the citizens adequately interested and informed to participate substantially in the democratic process? If the electorate do not develop an independent mec
Published 05 Mar, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,119 million. The number of lots traded was 11.76 million. PMEX Commodity Index closed at 2,640. Major business was contributed by gold amounting to PKR 3,598 million followed by c
Published 05 Mar, 2016 12:00am
EU wheat hits contract lows on large supplies

EU wheat hits contract lows on large supplies

European benchmark wheat futures in Paris touched contract lows on Wednesday on prospects for large supplies coupled with disappointment that no French wheat was offered in a major purchase tender from Egypt. May milling wheat, the benchmark on Paris-base
Published 05 Mar, 2016 12:00am
US Midwest corn and soya bids firmer

US Midwest corn and soya bids firmer

Spot basis bids for corn and soyabeans were steady to firm at processors and elevators around the US Midwest on Wednesday, grain dealers said. The cash market drew support from slow country movement of both commodities. Farmer sales have dried up as the f
Published 05 Mar, 2016 12:00am
US FOB Gulf corn premiums lower

US FOB Gulf corn premiums lower

Export premiums for corn shipped from the US Gulf Coast were steady to lower on Wednesday as CIF barge freight rates eased and demand remained light to moderate, traders said. FOB basis offers for soyabeans were steady to lower and wheat offers were flat
Published 05 Mar, 2016 12:00am
CBOT wheat futures higher on bargain-buying

CBOT wheat futures higher on bargain-buying

Wheat futures on the Chicago Board of Trade closed higher on Wednesday on bargain-buying and short-covering after falling to the lowest levels in nearly six years, traders said. CBOT May wheat settled up 4-1/4 cents at $4.50-1/4 a bushel after dipping to
Published 05 Mar, 2016 12:00am
US natural gas futures fall to 17-year low
Exchange

US natural gas futures fall to 17-year low

US natural gas futures fell more than 3 percent on Wednesday to a 17-year low on forecasts for warmer weather that is expected to keep heating demand light for the rest of the winter, likely allowing stockpiles to end the heating season at record highs.
Published 05 Mar, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 149,465 tonnes of cargo comprising 123,062 tonnes of import cargo and 26,403 tonnes of export cargo including 3,625 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 123
Published 05 Mar, 2016 12:00am
Insipid business on cotton market in absence of major buyers
Cotton

Insipid business on cotton market in absence of major buyers

As a result of lack of buying interest, leading buyers kept on the sidelines on the cotton market on Friday, dealers said. The official spot rate was unchanged at Rs 5,200, dealers said. In Sindh, seed cotton prices were at Rs 1500-2700, and in Punjab pri
Published 05 Mar, 2016 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 05 Mar, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday due to bargain-buying after a four-day skid. Limited farmer selling also supported higher prices, a trader said. China's new canola shipping standard concerns market. Paterson Grain said on Wednesday that it w
Published 05 Mar, 2016 12:00am
China 2015/16 soybean imports seen up six percent

China 2015/16 soybean imports seen up six percent

China's soybean imports are forecast to climb 6 percent in the year to September 2016 on higher demand for animal feed, while corn purchases will decline as the country takes steps to cut domestic inventories, a senior industry official said. The country
Published 05 Mar, 2016 12:00am
Shanghai copper stocks hit record high
Exchange

Shanghai copper stocks hit record high

Copper stocks monitored by the Shanghai Futures Exchange surged 10.5 percent this week, hitting a record high, data from the exchange showed on Friday. Copper stocks were at 305,106 tonnes, up more than 70 percent from late 2015. The stocks started rising
Published 05 Mar, 2016 12:00am
Copper jumps to highest in four months as dollar falls
Exchange

Copper jumps to highest in four months as dollar falls

Copper prices climbed to their highest in four months on Friday after US data showed strong jobs growth combined with low wages, lessening the threat of a early interest rate rise. Average hourly earnings fell three cents in February even as non-farm payr
Published 05 Mar, 2016 12:00am
Oil prices revive rally on US jobs data

Oil prices revive rally on US jobs data

Oil prices rallied again on Friday after a one-day pause, buoyed by strong US jobs data and technical buying after crude prices breached resistance levels on charts. Prices got an additional boost when data showed the US oil rig count fell by eight this w
Published 05 Mar, 2016 12:00am
Tokyo rubber surges
Exchange

Tokyo rubber surges

Benchmark Tokyo rubber futures surged to a 3-month high on Friday as risk appetite grew on the back of a recovery in commodity prices and strong price momentum, helping it mark its biggest weekly gain since May 2013. The Tokyo Commodity Exchange (TOCOM) f
Published 05 Mar, 2016 12:00am
Indian soybean ends lower on weak meal exports
Exchange

Indian soybean ends lower on weak meal exports

Indian soybean futures edged lower on Friday as millers stayed away from buying due to weak export demand for meal or animal feed, while rapeseed ended lower on continued arrivals of the new harvest. The March soybean contract on the National Commodity &
Published 05 Mar, 2016 12:00am
Ukraine rapeseed exports to Europe may fall a third

Ukraine rapeseed exports to Europe may fall a third

Ukraine's rapeseed exports to the European Union are likely to fall by around a third in the 2016/17 season due to a smaller harvest and a redirecting of exports to other markets, analyst UkrAgroConsult said. Ukraine's rapeseed harvest is likely to fall t
Published 05 Mar, 2016 12:00am
Palm oil gains tracking competing vegetable oils
Vegetable Oil

Palm oil gains tracking competing vegetable oils

Malaysian palm oil futures rose on Friday tracking competing vegetable oils and was poised to gain for a second consecutive day, although upsides were seen capped by a stronger ringgit. The palm oil contract for May delivery on the Bursa Malaysia Derivati
Published 05 Mar, 2016 12:00am
Raw sugar steadies after reaching six-week peak; arabica firm
Currency

Raw sugar steadies after reaching six-week peak; arabica firm

Raw sugar on ICE steadied after rising to a 6-week high on Friday, after extending gains in a technically strong market on support from a firmer Brazilian currency and possible delays to the start of the cane harvest in Brazil due to rains. Arabica coffee
Published 05 Mar, 2016 12:00am
Gold holds near 13-month high in Asian trade
Exchange

Gold holds near 13-month high in Asian trade

Gold edged lower on Friday, but was not far off a 13-month peak reached in the prior session when a weaker dollar and technical buying gave bullion its best day in two weeks. Investors are eyeing crucial US nonfarm payrolls data due later in the day, wher
Published 05 Mar, 2016 12:00am
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