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Speeches
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Pictorial
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Pakistan
Business & Economy
Najam Sethi stresses need for promotion of tourism
FBR chief directs to broaden tax net for achieving targets
U.S.-funded dairy project boosts rural economy of Pakistan
CS for expeditious activation of Pakistan Textile City
Pakistan need to sign preferential, free trade pacts with maximun countries: KCCI chief
FBR chairman allowed to retain office till June 30
Gem training centers established in different cities
KCCI chief hails three health related Ordinances signed by Sindh Governor
Pakistan offers vast incentives to foreign investors: Rahimtoola
LCCI, ACCA unveil strategy for economic growth
Industries & Sectors
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Telecommunications
IT & Computers
Health
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Fuel & Energy
Shipping activity at Port Qasim
Shipping activity at Port Qasim
Masses suffer as power shortfall exceeds 6,200 MW
Shipping activity at Port Qasim
Shipping activity at Port Qasim
Shipping activity at Port Qasim
Shipping activity at Port Qasim
Shipping activity at Port Qasim
Shipping activity at Port Qasim
Pay raise for PIA staff hailed
Banking & Finance
NBP, A.F. Ferguson & Co. (PwC) Sign contract for BPR & COSO Project Implementation
629 properties sealed for non-payment of property tax
FWBL & SLIC ink strategic partnership agreement
Rs100 prize bonds draw on May 15
SBP issues revised Prudential Regulations for SMEs
Currency swap arrangement with China becomes operational: SBP
Meezan Bank records 9pc growth in first quarter 2013
Banks to remain closed tomorrow on labour day
SBP sees great potential in e-banking for financial inclusion
Forum on Islamic Treasury Operations held at Meezan Bank
Markets
LSE-25 Index up by 19.36 points
AMISP issues rates of commodities
SECP takes actions against noncompliant market participants
LSE downs by 19.41 points
US Consulate's Economic Officer visits Lahore Stock Exchange
Lahore Stock Exchange up by 3.43 points
LSE leads MCB Bank's corporate briefing
12.915m cotton bales reach ginneries across Pakistan
Unhygienic meat shops goes unchecked in twin cities
PSO's after tax profit increased by 3.8 percent
General News
Residents demand end to car parking, entry fee at Airport
Construction work of Jinnah Terminal Flyover to complete by May 30
British HC calls on Najam Sethi
Arif Nizami gives cheque of Rs500,000 to Reshma
PM expresses grief over death of Bacha Khan
‘PML-N to lead destiny of country’: Farooq
Pak to become Chinese Beidou navigation system's fourth overseas user
Mainly hot, dry weather forecasted: Met office
12 target killers, bank robbers arrested in Gujranwala
Ali Haider Gilani’s kidnappers gang chief arrested
Politics & Policy
Monetary Policy Statement
Trade Policy
Labour Policy
President strongly condemns murder of PTI leader in Karachi
Altaf Hussain slams PTI leader's murder
PPP gave historic sacrifices to usher democracy: Taj Haider
Shahbaz Sharif's Quetta visit likely on Sunday
New provinces vital for country's solidarity: Hashmi
PTI, JI to hold joint protest against alleged poll rigging
Establishment of peace, power are top priorities of Govt: Senator
SC directs police to take steps for providing security to lawyers
SC seeks para-wise reply on Lal Masjid Commission report
LHC issues contempt notice to SSP(Operations), Lahore
World
Business & Economy
Weak yen helps drive Japan earnings
Mexico cuts 2013 growth forecast to 3.1pc
Indonesia could pip Egypt as top wheat buyer within 5 years
Russian economy expands by 1.6pc in Q1
Bangladesh economic growth slows to four-year low
Japan minister lauds more good economic news
Sluggish Europe main risk to Poland: IMF
Norwegian economy grows official 0.7pc in first quarter
Turkish central bank cuts rate to boost economy
Brazil economic activity speeds up in first quarter
North America
US Elections 2012
Commuter trains collide in Connecticut, injuring up to 60 people
Lawmakers accuse IRS officials of lying in tax scandal
Uzbek arrested on terror charges in Idaho: official
Boston suspect wrote note before capture: report
Man charged in New Orleans parade shooting
Tornadoes spin through Texas towns after dark, killing six
Six dead in storms in Texas: reports
US slams 'repression' in run-up to Iran polls
US media coalition protest seizure of phone logs
Sun unleashes three potent solar flares
South America
Former Argentine dictator Videla dies in prison at 87
Ecuador smashes India-to-US migrant smuggling ring
Argentina challenges EU over biofuels: WTO
Church defrocks Chilean priest for child sex abuse
Venezuela's lone opposition TV network is sold
Argentina secures 3 more LNG cargoes for 2013
Argentina upcoming payments on foreign-currency bonds
US 'mistaken' in ignoring his victory: Venezuela's Maduro
Colombia's agriculture minister resigns: ministry sources
Mexico congratulates Brazil win in rival WTO candidacy
Europe
Russia retrieves mice, newts from space
Supporters, opponents of Ukraine president clash in Kiev
Polish conservative opposition leads opinion poll
Family album of last tsar surfaces in Russian museum
French president signs gay marriage bill into law
Russian security services name CIA Moscow chief
Germany reacts cautiously to Hollande's Europe plan
Bulgarian president convenes parliament to end deadlock
Gilts follow Bunds higher, central banker comments support
EU bonus cap could hit 10 times as many London bankers: PwC
Africa
Boosting Ethiopia's economy, one shoe at a time
Zimbabwe's top rights lawyer won't relent
Armed Tuareg, Arab groups clash in northern Mali
Armed groups bomb Libyan military posts in Benghazi
Residents flee after Nigeria air raids on insurgent
Workers on illegal strike at chrome mine in South Africa: union
Egyptian police block Gaza border
Greek PM in China touts country as European 'gateway'
Tunisia bans Salafist group congress: ruling party
Police break up opposition protest in Equatorial Guinea
Middle East
Yemen general denounces 'sabotage' of air force
Israel justice minister slams Russia arms to Syria
Financial Times 'hacked by Syrians'
Senior US general visits Iraq for security talks
First Kurd rebels reach Iraq under Turkey truce
Arabs, Turkey see no role for Assad in future Syria
Judge rules US soldier's killing of five was premeditated
Syrian opposition to discuss US-Russia plan on May 23
Gunmen kill seven people in Iraq
UN praises Qatar key role in release of Golan peacekeepers
South Asia
Iran hangs two for spying for Israel, US
Sailor dies during Sri Lanka victory parade
Sri Lanka Tamils defy ban on rebel memorial
US visit endorses 'Myanmar's Spring': Thein Sein aide
Bangladesh garment hub to reopen after unrest
Azerbaijan extends detention of opposition leaders
IOC to oversee India return to Olympic fold
Indian medics conduct 'perfect' op on baby's swollen head
Air India flight diverted as cockpit door jams
Hundreds of Bangladesh textile plants shut indefinitely
Southeast Asia
Fiji turns to Russia, China amid strained regional ties
Japan defends PM aide's surprise North Korea trip
South Korea slams North Korea's 'provocative' missile launches
Philippines waiting for Taiwan anger to cool
China investigates North Korea boat hijack claim: official
Art Basel to bring international flair to Hong Kong
Japan's elderly not acting their age
Strong 6.1 earthquake strikes off Japan coast
British woman may face death in Indonesia for drugs
Japan PM says shrine visits 'natural'
Business
Banking & Finance
Greece Piraeus hire banks to advise on share issue: sources
Rate cuts possible Polish inflation to low: central banker
Nigeria interbank rates rise on cash shortage
Indian bank loans up 15pc in two weeks
After ATM heist, India's IT sector again in unwelcome spotlight
HSBC sees no change to UK bank levy policy
PIMCO asset surge powers Allianz quarterly earnings
BoE's King speaks about quarterly inflation report
HSBC says will cut more costs by 2016
Commerzbank to raise 2.5bn euros in capital hike
Industries & Sectors
Angola skewed lending said to stifle economy
New Xbox more than a game console for Microsoft
Japan to provide $2bn in Africa
Tata Motors subsidiary issues $280 mln senior notes
Maersk profits, sales fall in first quarter
Virgin Atlantic posts record full-year loss
French telecom Iliad sees sales soar from mobile entry
Air India's Dreamliner takes to the skies again
Caterer Compass posts flat interim profits
Tata Steel $1.6bn writedown sparks investor worries
Managed Funds
Indian central bank buys 96.58bn rupees bonds
Prices gain on weak US economic data, low inflation
Gilts slide after Bank of England turns hopeful on economy
Prices edge up as manufacturing weak, inflation subdued
Russia sells 39.2bn rbls in 10year, 5-year T-bonds
Taiwan sells 30 year govt bonds at 1.99pc yield
Turkish fixed-coupon bond yields 5.93pc, below forecast
Russia choosing managers for $7bn bond: Sergei
India bond yields see biggest weekly fall since Jan; inflation data eyed
No CDS market yet for new Apple mega-bond
Real Estate
Markets
Equity
Americas
TSX rises as gold miners lone sore spot
Strong data pushes US stocks to new records
US stocks follow foreign markets higher
US stocks dip on Walmart, middling data
Stocks slip, dollar gains on Fed policy remarks
Telus, banks help TSX overcome soft data
Wall Street slips after Fed comments, but Cisco surges
US stocks mixed after setting fresh records
TSX may open lower on weak euro zone data
Dow, S&P 500 hit new highs; investors confident in rally
Europe
French probe finds LVMH built up Hermes stake in secret: paper
European stocks stage rebound
FTSE falls after Fed comments
European shares dented by earnings, weak US data
Investors see European stocks rising as index expiry nears
Earnings help FTSE to new 5-1/2 year closing high
European stocks firm despite eurozone recession gloom
European stock markets drop at open
European stocks close higher, Frankfurt has new record
European stocks drop, euro slips
Middle East & Africa
Kenyan shares extend fall, shilling steady
Asia
Asia shares mixed after US stocks dip
China shares close out third weekly gain with late flourish
Tokyo stocks close up 0.67pc
China shares flat in morning trade
Asia shares mixed after US stocks dip
Sri Lanka's bourse at 1-1/2 year high on foreign, retail buying
Indian shares gain on rate cut hopes, MSCI additions
Hong Kong stocks end 0.17pc higher
JGBs snap four-session losing streak, buoyed by smooth 5-year sale
Nikkei falls on banks, weak capital spending
Australia
Australian shares surrender early gains as miners extend slump
TSX drops as China data fuels resources dip
TSX pushes higher as Magna, Bombardier surge
TSX retreats on banks, golds despite Canadian Tire surge
Data lifts TSX to 1-month high as golds surge
TSX climbs as banks, consumer stocks provide lift
TSX extends gains as banks, industrials climb
Australia shares rally on Wall St, miners strong on metals price rally
Australian shares finish flat ahead of US payrolls; banks retreat
Australian shares fall on weak Chinese PMI, miners falter
FXMM
Americas
C$ ends near 2-month low on weak inflation data
Dollar struggles against euro and yen on weak data
C$ slips vs US$ after Fed's hint at end to easing
Dollar recovers vs the euro and yen after Williams speaks
Mexico, Brazil currencies dip on global growth slump
Euro sinks on poor eurozone growth data
Euro slips to six-week low on weak euro zone GDP
C$ weakens after softer-than-expected jobs data
Yen plunges to 4-1/2-year low vs resurgent dollar
C$ slightly weaker on thin volume; softens after Ivey
Europe
Sterling falls versus dollar on talk of Fed reducing stimulus
Dollar rises on prospect of Fed tightening
Turkish lira eases ahead of central bank rate decision
Swiss franc down vs dollar pressured by weak Europe
Dollar rises on prospect of Fed tightening and ECB easing
Dollar higher, yen slips again after G7 meeting
Dollar-Yen could snake towards 105 within a month
Sterling gains against euro after ECB's Visco rate comments
Yen drops further as G7 avoids criticising Japan
Dollar rise hits oil, gold; euro sags on ECB cut bets
Middle East & Africa
Union to strike at S.Africa's Amplats, rand hits 4-year low
South African rand, bonds under renewed pressure, strike fears weigh
Kenyan shilling slips offshore inflows may offer support
S.Africa's rand slips in thin holiday trade, bonds weaken
South Africa's rand, bonds largely steady, risk back in vogue
South Africa's rand eases on fall in commodities
South African rand retreats on credit data, trade could add pressure
Nigerian naira hits 2-week high
Kenyan shilling steady, seen firming on bond inflows
Ugandan shilling weakens
Asia
Indian forex reserves fall to $293.69bn
Dollar gains slightly in Asia
Yuan ends down for second day, but capital inflows imply near-term strength
Dollar slips against yen in Asia after rally
Dollar holds firm in Asian trade
Dollar rally stumbles in Asian trade
Dollar jumps in Asian trade after G7 meeting
Indian rupee falls most in 4 mths on global dollar strength
Yuan ends weaker on global dollar rally, uptrend still seen intact
Dollar surges to multi-year highs on yen in Asia
Australia
A$, NZ$ knocked by hint of end to Fed's easy policy
A$ struggles on soft commodities, kiwi waits budget
C$ steady as US economy brightens
C$ ends weaker as world equities lose some shine
Australia & NZ dollars rally on rousing jobs news
C$ hits 2-1/2 month high, but US$ parity seen iffy
Australia dlr stung by risk of more rate cuts, eyes China data
C$ hits strongest level since February in central bank rally
Australia dollar skids as RBA cuts rates, bond yields tumble
C$ firms slightly on positive market sentiment
Fixed Income
Americas
Bond prices surge briefly after false explosion tweet
Yields stay low on waning inflation
Europe
UK gilts join bond rally as US economy falters
Italian bond yields edge up before debt sale
Bunds tumble with U.S bonds as dollar spurs selling
Swiss franc firmer vs dollar; Draghi remarks weigh on euro
Bunds steady on ECB easing expectations
Spain targets up to 4.5bn euros in bonds
Turkish benchmark bond yield at new lows on rate cut hopes
Italian bonds jump after new government formed
UK gilts follow Bunds higher, eye US GDP data
US bond prices slip before 7-year debt sale
Middle East & Africa
Nigeria sells 110bn naira in bonds, yields up
Nigeria plans 121bn naira T-bill auction
South Africa's rand firms vs dollar with higher commodity prices
Asia
JGBs recover ground, bargain-hunters emerge after big sell-off
US 10-year notes drop as dollar gains upper hand
JGBs dive for two straight days, futures hit 1-year low
US 10-year notes dented by upbeat data, yen's drop
JGBs steady in thin trade supported by BoJ operations
US 10-year yield off 3-week high, focus on auctions
Indian bond yields up as OMO discounted, supply worries
India central bank to buy up to 100bn rupees of bonds
JGBs mostly rise, underpinned by BoJ bond buying operations
Bonds rise after Fed reaffirms bond-buying plans
Australia
Euro tripped by ECB, Aussie eyes rate decision
Commodities
Americas
ICE cotton up on support from outside markets, limited mill buying
Corn up nearly 2 percent with farmers busy planting
Gold slides to 4-week low as investors sidestep bullion
Argentina soy price firms on CBOT gains; trade thin
Cotton futures edge down on producer hedging, weaker commodities
Corn falls as US crop prospects improve; soy rallies
Cotton slips as commodities ease; strong dollar weighs
Gold slips below $1,400, down 2 percent on economic optimism
Wheat falls 2 percent on firm dollar, sluggish exports
US stocks rise on small business optimism
Europe
Copper gains as China inventories fall, dollar weighs
Copper rebounds as dollar drops, weak demand caps gains
EU wheat slips on US fall, hesitates on weather
Gold falls for sixth session, may re-test April lows
Market steadies as weather, exports watched
Copper falls on firm dollar, weak demand prospects
Copper falls as European growth fizzles, funds sell
Corn eases on US planting hopes, wheat edges down
ICE sugar hits near 3 years low as Brazil output surges
Gold edges lower as dollar steadies
Middle East & Africa
Uganda coffee exports rise in April due to strong rains
Asia
Indian gold falls 1.5pc, near 1-month lows
Indian sugar futures hit 2-month high on strong demand
LME copper inches up, demand worries dent gains
Iron ore, Shanghai rebar at multi-month lows on slow demand
Corn eases for 2nd day on US planting hopes, wheat drops
Indonesia coffee consumption to jump a third in 13/14
Argentine 2012/13 soy crop seen 48.3mn T-exchange
Indian oilseeds, soyoil rise tracking global markets, low supplies
CBOT soybeans to seek support at $13.86-3/4
Gold drops 1pc to near 2-week low as dollar firms
Australia
Corn, soybean spreads rally on short covering before May expiry
US feeder cattle jump on prospects for cheaper feed
US live cattle futures fall despite record beef prices
Energy
Americas
US natgas futures end up sharply on late buying spree
Oil rallies after jump in US consumer confidence
Oil prices rise despite poor US data
Brent rise capped by stock market stall, jobless claims
US natgas futures end down sharply on big storage build
US cash crude differentials mixed as Brent/WTI spread seesawed
Oil ends slightly up, dour US economic data caps gains
Oil up on stock market rally; most others down
US spot natgas climbs for second day, Henry Hub above $4/mmBtu
Oil gains $1 on US equity rally
Europe
Oil price probe widens, US senator wants Justice Dept help
Oil prices extend gains
US crude futures drop $1 a barrel
Saras, Rosneft eying Italy retail network of Shell
Oil prices extend losses before US energy report
Oil prices dip as IEA predicts plentiful shale supply
Oil falls below $103 on weak China demand
Oil slips below $103 on weak China demand
Speculators raise Brent crude oil net longs: ICE
Oil prices fall sharply
Middle East & Africa
Saudi oil output rises to 9.3mn bpd in Apr
First oil from South Sudan's Upper Nile to reach Sudan May 10
Tanzania says Malawi returns to border dispute talks
Mozambique gas discoveries to 80trn cubic feet: Eni
Iraq oil exports up in March
Syria's oil industry choked by conflict and sanctions
Asia
Oil down in Asia as poor US economic data weigh
Oil down in Asia on weak US production data
Brent slips towards $103 on weak data; US stock draw aids
South Korea to scrap diesel, gasoline import tax exemption from July
Brent holds above $102 as dollar eases, but supply outlook weighs
Oil rebounds in Asia on bargain-hunting
Brent slips towards $103 on weak China data, stronger dollar
Turkey to help Iraq in oil, gas sectors
Tata Power to develop hydro projects for $700mn in Georgia
Essar oil hopes to refinance about $1.8bn of debt
Australia
Brent slips towards $105 after gains, supply worries stem losses
Market Data
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Aussie batsman Warner reported for Twitter rant
Indian police say more players involved in fixing
Southee treble rocks England in first Test
England 180-6 against New Zealand
Trott and Root keep Kiwis at bay
England 91-2 against New Zealand
Aussie batsman Warner in Twitter rant at journos
Despair over spread of spot-fixing 'cancer'
Haq nets record and a duck in Scotland warm-up
Aussie bowler Tait angry over spot fix claims
Other Sports
Deans challenges Cooper to be more assertive
Alexander stops Purdy, Matthysse crushes Peterson
Pacers hold off Knicks to reach Eastern finals
Oxbow wins 138th Preakness Stakes
Bradley clings to PGA lead with Bae on his heels
Rome Masters to host 30th Nadal v Federer clash
Li, Shiwen in final, Chinese men stay on track
Wilkinson mettle steers Toulon to Euro title
Bayern's Badstuber suffers fresh knee injury
Beckham named captain in PSG home farewell
Olympic 2012 - London
Nadal to face Wawrinka for Madrid title
Entertainment
Budget
Proposals 2012-13
Proposals 2011-12
Budgets
e2013
e-Paper
World Indices
NY Closing
The Rupee
Index
Closing
Chg%
DJIA
15,354.40
0.80
Nasdaq
3,498.97
0.97
S&P
1,667.47
1.03
FTSE
6,723.06
0.53
DAX
8,398.00
0.34
CAC-40
4,001.27
0.56
Nikkei
15,138.12
0.67
H.Seng
23,082.68
0.17
Sensex
20,286.12
0.19
Updated at 5:00 am Pst
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Economic Indicators
Market at Close
Annual
2011/12
Foreign Debt
$65.562bn
Per Cap Income
$1,372
GDP Growth
3.7%
Average CPI
10.08%
Monthly
FBS July-June
Trade Balance
$-21.271 bln
Exports
$23.641 bln
Imports
$44.912 bln
Weekly
May 13, 2013
Reserves
$11.863 bln
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