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Business & Economy
Water scarcity could effect cotton target
SECP doubles minimum premium limit required for actuarial certification for group life insurance
FBR collecting 70pc taxes from corporate sector: senate body informed
Auto industry lauds government decision on hybrid cars
PFMA for long-term wheat policy
NTC disconnects internet connection of RTO
Gov't launches long term development projects to spur growth
Code of Corporate Governance a must for the protection of minority shareholders: SECP
Govt need to revisit federal budget 2013-14, FPCCI press conference
SECP registers 375 companies in May
Industries & Sectors
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IT & Computers
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Fuel & Energy
All options being explored to non-stop power supply to industry
PIA, Pakistan Railways, Steel Mills would make profitable entities: Ahsan Iqbal
Water level raised in Mangla dam
Govt announces 30 mega watt power house: Ibrahim
39,000 new consumers to get gas supply during 2013-14
Problems of small farmers to be resolved: minister
Minister for Ports & Shipping visits Karachi Port
Pakistan to have hybrid cars by end of 2014
PSO upgrades technological system for professional efficiency
Nepra increases power tariff by 74 paisa per unit
Banking & Finance
SBP declares profit coupon rate for sukuk
SBP to host two-day SAARC governors conference
Liquid foreign reserves slash to Rs 11.446 billion
Liquid foreign reserves stand at $ 11,457.1 million
Gov't releases Rs426.512mn for Commerce Division
Rs200 prize bonds draw on 17th
Foreign Reserves stood over US $ 11 billion
94.4pc banks' branches offer real-time online banking services: SBP
Meezan Bank inks MoU with University of Central Punjab
Annual budget of Dist Council Karachi to be approved by June 15
Markets
Lahore Stock Exchange up by 26.17 points
USC finalizes Ramzan Package
Prices of almost all essential kitchen items rise sharply
Bulls come to LSE on federal budget day
LSE downs by 10.10 points
SECP takes action against non-compliant market participants
LSE down by 44.06 points
Rise in fresh milk rates opposed
Lahore Stock Exchange up by 27.91 points
LSE's financial literacy sessions for Hailey College
General News
Melting of snow triggers flood in upper valleys
Karachi police arrest 65 accused in last 24 hours
Government to enhance defence production export capacity: Tanveer
History being repeated against MQM: Altaf
Pakistan discovers new gas reserves in Sindh
Imran urges drone action as he becomes MNA
Iran, a shining example of brave, wonderful nation: Senator
Shahbaz to monitor measles situation on daily basis
Governor Sindh conferred highest scouting medal
River Kabul in medium flood at Nowshera
Politics & Policy
Monetary Policy Statement
Trade Policy
Labour Policy
Govt endeavours to provide best facilities to people: Ebad
LHC takes back Airport entry fee
Opposition stage token walk out over killing of MQM workers in Karachi
LHC issues notice to Punjab govt
LHC takes notice of attempt to set woman ablaze
Labour leader Junaidi calls on CM Sindh
LHC seeks report from Religious Affairs Ministry
SC adjourns hearing till Wednesday in load shedding case
PTI wants coordination from opposition groups in Parliament
Naveed hopes Balochistan govt to overcome issues
World
Business & Economy
Thailand cuts rice-buying subsidy
Germany sells 4.01bn euros of 10-year debt
World Bank warns global warming woes closing in
US consumer prices edge up in May
Foreign investment in Arab states rises despite unrest
EU, US launch talks on vast free trade deal
German economy to slow in summer: central bank
Indian trade deficit widens in May
Most coal must stay in ground to save climate: report
Angola LNG starts exports to Brazil
North America
US Elections 2012
Kerry off on mega Mideast, Asia tour
Google asks US court to allow data query release
NASA enlists public in hunt for major asteroids
Lawyers for 9/11 suspects ask for confidential reports
NSA aims to declassify data on thwarted terror attacks
Obama, Putin estranged on Syria but seek progress elsewhere
Montreal mayor arrested in corruption probe
5.8-magnitude quake strikes central Mexico
Facebook, Microsoft describe US data requests
Americans among seven arrested for child prostitution in Mexico
South America
Doctors reap in billions as Cuba's top export
Tens of thousands protest Confed Cup costs in Brazil
Protests nationwide mar Confed Cup buildup
Venezuela vote council says audit confirms Maduro victory
Protesters march for legalizing marijuana in Brazil
Brazilian official resigns over indigenous protests
US, Venezuela take steps towards mending ties
Brazil homebuilder Gafisa to sell stake in Alphaville unit
Kerry to meet Venezuelan foreign minister
Brazil 2013 GDP growth view to 2.77pc
Europe
Obama warns against 'losing' jobless generation
Russia wants other states to commit to nuclear cuts: Kremlin
Iraqi Kurds say new oil pipeline to Turkey to start soon
Thousands evacuated after blasts at Russian arms depot
Argentine high court rejects Kirchner bid for elected judges
Police arrest over 100 in swoop on Turkey protesters
Hungary announces more austerity cuts
Merkel to seek answers from Obama on online snooping
French-flagged tanker in West Africa ‘released’: IMB
Obama urges youth to make Northern Ireland peace permanent
Africa
UN chief Ban 'shocked' over Somalia attack: spokesman
Mugabe seeks to delay Zimbabwe election by two weeks
Mozambique government blames opposition for deadly raid
Morsi names Luxor governor from attack
Mandela getting better but remains ‘serious’
Six Libyan soldiers killed in Benghazi violence
Egyptian army to deploy ahead of protests: state paper
Nelson Mandela ‘recovering very well’: Grandson
Five Libyan soldiers killed in Benghazi violence
Mauritius tourism revenues plunge 21pc
Middle East
US, Jordan troops hold desert war games
Uganda aims for commercial oil output by 2016
Qadhafis move to Oman in breach of sanctions: UN
15 dead in Baghdad suicide bomb: officials
More than 70 Syrian officers defect to Turkey: official
In Lebanon, traumatised Syrians struggle to survive
'Deadly' rocket attack on Iran exiles near Baghdad: UN
Israel urges tougher Iran sanctions whoever wins vote
United States lying on chemical weapons use: Syria
Israel to build hundreds of West Bank settler homes: media
South Asia
Elephant tramples girl to death in Nepal
UNESCO takes Iran's Bam citadel off danger list
At least 60 feared dead as monsoon lashes north India
Kabul attack kills three civilians: police
Indian Congress readies for polls amid opposition split
DNA will clear French official in India rape case: lawyer
Indian federal police file case against Jindal Steel
Haddad Adel withdraws Iran presidential bid
India's opposition in disarray
31 dead as monsoon lashes Sri Lanka
Southeast Asia
South Korea to buy European missiles
Australian team maps Moon's hidden craters
Communist rebels kidnap five Philippine soldiers
North Korea denounces US over spying revelations
China in 'close communication' with France on attack
Love and carriage: Japan railway offers train wedding
China pressured New York University: Guangcheng
Iran court summonses Ahmadinejad over Larijani complaint
China and North Korea to hold talks this week
Indonesia MPs back budget package
Business
Banking & Finance
BoJ Kuroda says will shift policy if economy changes
Britain charges ex-UBS trader over Libor rate scandal
Bangladesh's pioneering bank faces uncertain future
Czech banks remain resilient in stress tests
Switzerland wants OECD wide deal on tax information
Foreign banks in Switzerland favour US bank deal
Hungary central bank sees room for further easing
Egypt verifying economic reform plan with IMF
Sri Lanka rupee movement no cause for concern: Governor
Sri Lanka central bank intervenes
Industries & Sectors
FedEx profits rise 7pc despite tepid global economy
US billionaire tries light touch in Sony shakeup
Vodafone may trump Liberty with $10bn cash bid for Kabel: sources
GM revs up plans for Cadillac in China luxury market
They can't find skilled carpenters: US builders
Airbus wins order from SriLankan Airlines
US auto giant GM breaks ground on China Cadillac plant
Taiwan's EVA Air joins world's biggest air alliance
Huawei to offer smartphone for high-end market
Gloom returns to EU car industry
Managed Funds
Portugal T-bill yields rise at auction
Bunds rise as opinion sways away from imminent Fed exit
JGBs slip on tepid auction, yields hit 2-week high
US bond yields at 14-month highs draw buyers
Turkish Treasury in 200mn euro loan deal for rail project
China to issue 23bn yuan dim sum bonds in 2013
Bunds rise as markets position for weaker payrolls
Prices rise slightly with focus on US payrolls
US 10-year notes ease, focus on payrolls
Bunds rise in tight ranges, US data in focus
Real Estate
Markets
Equity
Americas
Wall St slumps after Bernanke hints at slowing bond buying
US stocks mostly lower ahead of US Federal Reserve news
US stocks surge ahead of Fed meeting
Nasdaq rises more than 1pc
Wall St extends rise, investors see no change in Fed policy
Wall Street little changed ahead of Fed meeting
US stocks leap on market open
Stocks fall, yen soars on central bank uncertainty
US stocks open lower ahead of Fed meet
Wall St rallies on economic data, technical factors
Europe
European stocks dip before Fed decision
European stocks pull back before Fed decision
European shares jittery, awaiting Fed stimulus clues
European stocks climb before Fed rate decision
Shares rally as Fed meeting nears, dollar firms
European stocks post strong gains
European stocks kick-off week with solid gains
Germany to raise flood funds by federal, state Govt
European stocks end with gains
FTSE steadies in thin trade, focus on data
Middle East & Africa
Waha Capital buys stake in healthcare firm
US stocks bounce higher on open
South Africa stocks extend losses, down 3pc
Kenyan stocks snap gaining streak as investors book profit
Kuwait drops most in 7 months; regional markets mixed
Kuwait Finance House to start $224 mln rights issue Wednesday
South African stocks book high record closes
South African stocks down as growth worries linger
Asia
Shanghai shares hit 6-month low
Asian markets mostly down ahead of Fed decision
Asian markets mostly down ahead of Fed decision
Tokyo stocks close 1.83pc higher
Tokyo stocks up more than 2pc in opening trade
China shares down 0.81pc in morning trade
Hong Kong stocks down 1.22pc by break
Nikkei rises to one-week high as Fed hopes support sentiment
Seoul shares drop, Samsung Elec dips after gains
Hong Kong stocks end flat
Australia
TSX slumps as Fed mulls stimulus exit
Australia shares close at a 2 week high, Whitehaven jumps
Australian shares rise 0.5pc at open; Whitehaven surges
Fed optimism, Tim Hortons lift TSX to 1-week high
Fed hopes buoy TSX as bank, energy shares climb
Australia shares post biggest one-day gain in 18 months
TSX rallies on news of Safeway deal
Safeway deal helps TSX bounce strongly from 7-wk low
Australia shares fall 0.7pc to 5 month low as banks drag
Indian shares fall over one percent
FXMM
Americas
Dollar surges on Fed bond tapering plans
C$ softens as investors focus on the Fed
Dollar gains on yen ahead of Fed; euro gains on data
Dollar rises against major currencies on Fed speculation
Yen jumps sharply after BOJ refrains from new measures
Canada dollar rebounds to end little changed
Dollar rebounds as US jobs data shows economic resilience
C$ stronger as broad US$ selloff overshadows Poloz
Dollar rebounds vs yen but seen vulnerable ahead of US jobs data
C$ retreats as Canada's trade deficit widens
Europe
Euro rise may force ECB to pump up the rhetoric
Turkish lira firms after central bank skips repo auction
Dollar broadly steady as markets seek Fed policy clarity
Sterling steady before BoE minutes and US policy meeting
Euro climbs to session high vs dollar; dollar pares gains vs yen
US dollar gains vs yen on stock bounce, Fed meeting
Yen lower as stocks recover, Fed assurance awaited
Sterling near 4-month peak against dollar, Fed in focus
Dollar firms as Fed meeting nears, shares bound higher
Swiss franc comes off four-month high vs dollar
Middle East & Africa
South Africa's rand weaker on worries about global stimulus
South Africa's rand volatile in cautious trade
South Africa's rand extends gains, bond yields slide
Kenyan shilling seen weaker as stock market investors book gains
Energy sector dollar demand weakens Ugandan shilling
Kenyan shilling steady, vulnerable to offshore dollar demand
Kenyan shilling firms on tea sector inflows, shares dip
S.Africa's rand gains nearly 2 percent against falling dollar
BCEAO central bank keeps key rate unchanged at 2.75pc
Rand rout turns tables on S.Africa rate cut hopes
Asia
Indian rupee gains ahead of US Fed
South Korea won nearly flat amid Fed uncertainties; bonds fall
Yuan ends slightly up, demand for it seen resilient
Dollar dips ahead of Fed policy announcement
Dollar firm ahead of Fed policy announcement
Dollar firm in Asia as dealers await US Fed move
Yuan ends at three-week high, but dollar demand robust
Dollar edges up ahead of Fed policy meeting
India rate cut unlikely as weak rupee weighs
Sri Lanka rupee slides to over 6-month low on bond sales by foreigners
Australia
Euro in demand as Fed faces crunch time
C$ steady against weaker US$ on central bank worries
Aussie & NZD struggle vs yen; outlook dim despite bounce
C$ gains on US$, helped by upbeat economic data
Australia & NZ dollars on defensive, RBNZ & jobs data awaited
Aussie, kiwi dollars pressured by weak stocks, bonds rally
Australia & NZ dlrs on the ropes as yen punches back
Yen jumps, commodity currencies feel the heat
C$ flat vs greenback; hits new high vs Aussie
Australia & NZ dlrs under pressure, though GDP seen solid
Fixed Income
Americas
US bond prices steady before Fed policy meeting
US bonds gain on safety bid as ADP data disappoint
Europe
Bunds rangebound as investors await Fed
Bunds dip on firmer equities, focus on Fed
Danish central bank says sticks to bond issuance strategy
Euro zone bonds fall across board on stimulus concerns
Bunds rise in choppy trade, yields seen stabilizing
US bonds up as retreating stocks revive safety bid
Bunds rise as Fed uncertainty hits risky assets
Dollar skids as soft US data spurs caution; ECB meeting eyed
German yields broadly steady, US data in focus
German yields broadly steady, US data in focus
Middle East & Africa
Egypt pound inches weaker at Monday forex auction
South Africa Treasury says appoints managers for foreign loan
Oman govt considers dollar bond issue in 2014: central.bank
South Africa's rand falls 1.2pc to new 4-year low against dollar
Asia
Indian bond yields range-bound ahead of Fed meet outcome
Indian gold, silver trade lower; physical demand poor
JGBs slip as stocks erase early losses; 20-year sale eyed
JGBs rise after strong five-year debt auction
Bonds firm on view Fed exit from stimulus may take time
US 10-year yield edges up, but down from 14 month high
US 10-year notes hold firm ahead of jobs data
China finance ministry to auction 15bn yuan 9-month bills
Indian bonds gain on RBI debt buy plan; FII limit hike likely
US 10-year notes stay wobbly after May selloff
Australia
Commodities
Americas
Wheat jumps on short-covering; corn, soy also climb
Corn ends higher, led by new-crop contracts on US weather
Corn jumps 2 percent on soaring cash markets
US natural gas futures end up for 2nd day
ICE raw sugar turns higher after touching near 3-year low
ICE cotton climbs on short-covering ahead of contract expiration
Gold drops as US data dims Fed hopes; PGMs tumble
Corn, soy fall as growing conditions turn ideal
Gold down, worries over central bank stimulus weigh
Corn, soy jump in bull spreading ahead of USDA report
Europe
ICE cotton futures edge down on long liquidation, Texas rains
Gold hits 1-month low on Bernanke's reduced stimulus talk
Oil, gold dip on Bernanke stimulus remarks, grains up
US oil prices dip despite inventories build
US spot gas rises for 2nd day on warm weather, rising futures
Gold down more than 1 pct on Fed jitters, equities gain
Oil gains moderately, trading sluggish ahead of Fed
Cotton prices fall for 2nd session amid long liquidation
Gold's slide below wedge formation points to lower targets
Gold prices retreat ahead of Fed meeting
Middle East & Africa
Tunisia gets offers in tender to buy 75,000T wheat
Algeria wheat imports down in Jan-April: customs
S.Africa's 2013 maize crop f'cast down to 11.44mn tonnes
Asia
London copper languishes near 1-1/2 month low, Fed in focus
Indian gold futures edge lower; Fed watched
Iron ore hits 3-week high, weak China steel consumption a cap
Beef demand drives up US live cattle futures
Indian coffee prices rise a tad at weekly auction
Thai govt says rice scheme losses $4.4bn in 2011/12
Malaysia's June 1-15 palm oil exports up 15.7pc
Shanghai copper to end rebound below 52,170 yuan
Gold marks time as investors await stimulus outlook
Palm oil to revisit low of 2,402 ringgit
Australia
Corn drops after 2-day rally, Fed eyed
Fed fears pull TSX lower; banks lead retreat
Tokyo stocks close up 2.05pc
Shuanghui said to buy Smithfield Foods
Soybeans firm, set for biggest two-week gain in 9 months
Energy
Americas
Wall St rises in volatile session before Fed meeting
Oil prices rise after mixed US supplies report
Oil pares losses despite fears of central bank tightening
Oil prices slip after OPEC lowers demand outlook
Oil prices drop on China demand concerns
Nuclear plant shutdown to increase reliance on natural gas
E.ON nails gas supply contract in Canada
Oil prices rebound after slump last week
US natgas futures seesaw, Northeast heat to limit losses
New York oil rises despite record US supplies
Europe
Oil prices diverge after US inventory report
Oil prices rise before stockpiles data, Fed meet
Oil price strikes nine-month peak
Oil steadies above $106 on Mideast, expected demand
Oil prices climb on geopolitical fears
European stocks rise after rollercoaster Thursday
Oil prices extend losses
Czech group Unipetrol to invest $1bn over five years
UAE picks Excelerate Energy to build LNG terminal
Oil prices retreat on China data
Middle East & Africa
Libyan crude oil output partly recovers after protests
Libyan crude output recovers to 1.3mn bpd
Iraq to lower oil targets with foreign firms: minister
Kuwait oil minister quits ahead of parliament grilling
Libya crude exports 43.83mn barrels in April
Kuwait oil minister quits ahead of parliament grilling
Kuwaiti oil service workers on strike over pay: union
Nigeria trims Qua, Bonny oil price in June
Asia
Oil prices turn higher in Asian trade
Oil prices mixed in Asian trade
Indonesian parliament could pave way fuel price hikes
Oil down in Asia on profit-taking
Brent slips from near $105 on ample US inventory, weak outlook
Oil prices down in Asian trade
Oil prices slip in Asian trade
Oil mixed in Asia on China growth concerns
Brent slips toward $104, weak China data hurts demand view
Oil prices up in Asia after upbeat US jobs data
Australia
Market Data
Karachi Stocks
Market Live (beta)
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Rates & Schedules
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Financial Statements Index
Sports
Cricket
Pak vs Eng 2012
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Pakistan v/s India Series 2012
Miller, Kleinveldt rescue South Africa
IHC extends Chairman PCB's suspension order till June 24
England win toss, choose to bowl vs South Africa
Abbasi supports appointment of Pakistan cricket coach
PCB Ramadan Cup T20 from July 6
England, South Africa look to ride their luck
ICC confirm umpires for Champions Trophy semis
Clarke stays put as Hughes and Wade join A side
Sri Lanka oust Aussies to enter semi-finals
Adams, Salisbury leave Surrey
Other Sports
France change eight for final All Blacks Test
Onazi unlikely to make Brazil trip: Keshi
James relishes latest shot at game-seven glory
Serena apologizes for rape case comments
Alpine Canada boss steps down
France team to play New Zealand in third Test
Aussie Leishman defends PGA Travelers title
Nadal seeded five at Wimbledon
Brazil players voice support for protesters
Contador my biggest threat, says Froome
Olympic 2012 - London
Entertainment
Budget
Proposals 2012-13
Proposals 2011-12
Budgets
Budget 2013-14
Budget News
Govt to attain targets fixed in budget: Ahsan Iqbal
Karachi Circular Railway project being revived: Adviser
KPK govt presents welfare budget with focus on education, health: Siraj
KPK govt presents welfare budget: Baloch
Shahbaz says govt gave revolutionary budget
No significant project announced in KPK Budget: Fazl
Provincial Finance Commission after LG elections: Sana
Federation withdraws 2pc GST on non-registered stations
'Punjab budget focuses on energy sector'
Punjab budget to add to unemployment: Pervaiz Elahi
Economic Outlook
PCCC: financial transactions put on hold
OGRA asked to withdraw notification of 19pc GST on petroleum products
30 Malaysian companies to attend Expo Pakistan 2013
Rotten fruits, vegetables sale at weekly bazaars
KCCI chief lauds performance of banks
Weekly inflation registered 0.36pc increase
Country spends $14.5bn on furnace oil import
Agri growth target missed
SMEDA for promotion of trade with China, India, Afghanistan
AMISP issues rates of commodities
BR Research
Blogs
Plastic bottle drinks may raise cancer risk in womb
Tobacco enriches, corrupts northern Philippines
Murree becomes a host for tourists to enjoy summer
On 200th birthday, Wagner premiere wins over Moscow
Traditional footwear thrives in Iraqi Kurdish town
Diabetes-associated low BP linked to dementia
Tablets, smartphones steal scene at Tokyo toy show
DHA Karachi becomes City's key locality for investment!
Shehnsha e Ghazal Mehdi Hasan's remembered on his death anniversary
Japan maestro Ozawa to skip lessons in Switzerland
e2013
e-Paper
World Indices
NY Closing
The Rupee
Index
Closing
Chg%
DJIA
15,112.19
1.35
Nasdaq
3,443.20
1.12
S&P
1,628.93
1.39
FTSE
6,348.82
0.40
DAX
8,197.08
0.39
CAC-40
3,839.34
0.55
Nikkei
13,245.22
1.83
H.Seng
20,986.89
1.13
Sensex
19,245.70
0.12
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
May
Trade Balance
$-2.171 bln
Exports
$2.175 bln
Imports
$4.346 bln
Weekly
June 17, 2013
Reserves
$11.446 bln
Top Traded
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