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Archive - 2011-02-08
European stocks, euro higher
Financial

European stocks, euro higher

LONDON: European stock markets closed higher on Tuesday, extending gains to take them back to levels last seen before th
Published 08 Feb, 2011 05:48pm
ConocoPhilips sells out of Russia
Top News

ConocoPhilips sells out of Russia

MOSCOW: US oil major ConocoPhilips has sold its remaining stake in Lukoil, Russia's largest privately-owned producer s
Published 08 Feb, 2011 05:27pm
Sugar tumbles on Chinese rates
Top News

Sugar tumbles on Chinese rates

LONDON: Raw sugar futures tumbled after China's decision to raise interest rates weighed on prices, setting off technica
Published 08 Feb, 2011 05:17pm
Masked gunmen rob French casino
Europe

Masked gunmen rob French casino

DUNKIRK: Masked men firing guns stormed a casino in northern France overnight, punching and pistol-whipping staff but ma
Published 08 Feb, 2011 10:14am
Disasters could reverse growth
Top News

Disasters could reverse growth

SYDNEY: A drop in coal and agricultural exports forced by Australia's flood and cyclone disasters could "thump" its econ
Published 08 Feb, 2011 06:45am
Needless wheat procurement
BR Research

Needless wheat procurement

Its difficult figuring out Pakistans wheat economy. The dynamics keep changing and decisions have to be taken in accordance with fluctuating
Published 08 Feb, 2011 12:00am
Gold in a state of confusion
BR Research

Gold in a state of confusion

Since the start of January, the silence in the global gold market is becoming a matter of concern for gold-loving investors around the world
Published 08 Feb, 2011 12:00am
Big Red: Comes clean on the yuan
BR Research

Big Red: Comes clean on the yuan

For much of the past two years, pressure by advanced and emerging economies alike has been piling up on China, accused of forcefully keeping
Published 08 Feb, 2011 12:00am
Japan agrees to help Uzbekistan develop uranium

Japan agrees to help Uzbekistan develop uranium

Japan and Uzbekistan agreed Monday to step up economic co-operation focusing on development of natural resources including uranium and rare earth minerals in the Central Asian country. Japan's Economy, Trade and Industry Minister Banri Kaieda and Uzbekist
Published 08 Feb, 2011 12:00am
US concerned over Indian trade barriers

US concerned over Indian trade barriers

India's restrictive trade policy is impeding foreign investment and it needs to work harder to free up its economy, US Commerce Secretary Gary Locke said on Monday, despite growing economic ties between the countries. India is only the 14th biggest tradin
Published 08 Feb, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 245,239 tonnes of cargo including 158,091 tonnes of import cargo, 87,148 tonnes of export cargo, 3,911 loaded and empty containers during last 48 hours ended at 0700 hours on Monday.
Published 08 Feb, 2011 12:00am
IDBP declares PLS profit rates

IDBP declares PLS profit rates

The Industrial Development Bank of Pakistan (IDBP) has announced the following rates of profit on different categories of PLS deposits for the half-year ended 31st December 2010:

Published 08 Feb, 2011 12:00am
IDBP declares PLS profit rates

IDBP declares PLS profit rates

The Industrial Development Bank of Pakistan (IDBP) has announced the following rates of profit on different categories of PLS deposits for the half-year ended 31st December 2010:

Published 08 Feb, 2011 12:00am
Ukraine to buy 1.25 million tonnes of grain

Ukraine to buy 1.25 million tonnes of grain

Ukraine's Agrarian Fund will buy 1.245 million tonnes of grain from the 2011 harvest for the state intervention fund, according to a government resolution published on Monday. The volume includes 1.05 million tonnes of wheat, 90,000 tonnes of rye, 40,000
Published 08 Feb, 2011 12:00am
Turkey tenders to import wheat

Turkey tenders to import wheat

Turkey's state grain board TMO has issued an international tender for the purchase and import of 300,000 tonnes of milling wheat, European traders said on Monday. Bidding deadline was February 15 and shipment was between Mar. 1-25. Wheat with 12.5 percent
Published 08 Feb, 2011 12:00am
Indian basmati rice export hit by Iranian payment row

Indian basmati rice export hit by Iranian payment row

A payments dispute with Iran which has hit oil trade may also reduce India's basmati rice exports by around 10 percent in the current fiscal year from a year ago to 1.8 million tonnes, an exporters' body said. In December, India's central bank said paymen
Published 08 Feb, 2011 12:00am
Asia's naphtha price at four-session low

Asia's naphtha price at four-session low

Asia's naphtha price was at a four-session low on Monday, but cracks ended about 2.5 percent higher from last week's four-month low, but the marginal increase still reflected a weak sentiment. "I don't see the small increase as an improvement of the marke
Published 08 Feb, 2011 12:00am
Guwar rates up, Sindh's Irri 6 down on grain market

Guwar rates up, Sindh's Irri 6 down on grain market

A few changes were seen on the wholesales grain and oilcake market on Monday in process of slow business, dealers said. On the grams side, Guwar Sindh was higher by Rs 100 to Rs 3650-3750 and Guwar Punjab also followed the same pattern, gained Rs 200 to R
Published 08 Feb, 2011 12:00am
Steady trend prevails amid slow business on cotton market

Steady trend prevails amid slow business on cotton market

Higher prices kept the mills and spinners on the sidelines on the cotton market on Monday, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 11,500, they said. Phutti prices in Sindh and Punjab were also stayed put at R
Published 08 Feb, 2011 12:00am
Oil cake market rates

Oil cake market rates

Futures on the forward cottonseed oilcake market on Monday were lower in process of trading, dealers said. The March vaida that had closed at Rs 1237.80 on Friday opened with a loss of 30 paisa at Rs 1237.50. The May contract which closed at Rs 1319.50 op
Published 08 Feb, 2011 12:00am
Russia may have exportable grain surplus of 15 million tonnes

Russia may have exportable grain surplus of 15 million tonnes

Russia may have an exportable grain surplus of 15 million tonnes in 2011/12 crop year, but will export less than that, as the government may want to keep stocks at home for safety, a powerful lobby said on Monday. "With a crop of 85 million tonnes, we may
Published 08 Feb, 2011 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 08 Feb, 2011 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 Comm
Published 08 Feb, 2011 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 (February 07, 2011).

Published 08 Feb, 2011 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 (February 07, 2011).

Published 08 Feb, 2011 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 (February 07, 2011).

Published 08 Feb, 2011 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 (February 07, 2011).

Published 08 Feb, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (February 07, 2011).
Published 08 Feb, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (February 07, 2011).
Published 08 Feb, 2011 12:00am
Musharraf declared absconder in Benazir Bhutto murder case

Musharraf declared absconder in Benazir Bhutto murder case

Former President Pervez Musharraf has been declared an absconder in Benazir Bhutto assassination case after the preliminary forensic report on the two BlackBerry cell phones being used by the slain leader. The FIA in its interim challan declared Musharraf
Published 08 Feb, 2011 12:00am
Musharraf declared absconder in Benazir Bhutto murder case

Musharraf declared absconder in Benazir Bhutto murder case

Former President Pervez Musharraf has been declared an absconder in Benazir Bhutto assassination case after the preliminary forensic report on the two BlackBerry cell phones being used by the slain leader. The FIA in its interim challan declared Musharraf
Published 08 Feb, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Feb, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 08 Feb, 2011 12:00am
Leverage product launching at KSE by month-end

Leverage product launching at KSE by month-end

The much-awaited leverage product - Market Trading System (MTS) - is most likely to be launched at the country's stock exchanges in the last week of February 2011, it is reliably learnt. Sources said Securities and Exchange Commission of Pakistan (SECP) C
Published 08 Feb, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Feb, 2011 12:00am
Leverage product launching at KSE by month-end

Leverage product launching at KSE by month-end

The much-awaited leverage product - Market Trading System (MTS) - is most likely to be launched at the country's stock exchanges in the last week of February 2011, it is reliably learnt. Sources said Securities and Exchange Commission of Pakistan (SECP) C
Published 08 Feb, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 08 Feb, 2011 12:00am
Leverage product launching at KSE by month-end

Leverage product launching at KSE by month-end

The much-awaited leverage product - Market Trading System (MTS) - is most likely to be launched at the country''s stock exchanges in the last week of February 2011, it is reliably learnt. Sources said Securities and Exchange Commission of Pakistan (SECP)
Published 08 Feb, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Feb, 2011 12:00am
$100 million urea import deals finalised: TCP signs pact with SABIC

$100 million urea import deals finalised: TCP signs pact with SABIC

Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, Trading Corporation of Pakistan (TCP) on Monday signed commercial agreement worth $100 million with Saudi Basic Industrial Corporation (SABIC) for import of upto 300,00
Published 08 Feb, 2011 12:00am
$100 million urea import deals finalised: TCP signs pact with SABIC

$100 million urea import deals finalised: TCP signs pact with SABIC

Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, Trading Corporation of Pakistan (TCP) on Monday signed commercial agreement worth $100 million with Saudi Basic Industrial Corporation (SABIC) for import of upto 300,00
Published 08 Feb, 2011 12:00am
$100 million urea import deals finalised: TCP signs pact with SABIC

$100 million urea import deals finalised: TCP signs pact with SABIC

Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, Trading Corporation of Pakistan (TCP) on Monday signed commercial agreement worth $100 million with Saudi Basic Industrial Corporation (SABIC) for import of upto 300,00
Published 08 Feb, 2011 12:00am
Index up 12.01 points

Index up 12.01 points

Late buying on Monday on expectations of early introduction of leverage product supported the KSE-100 index to close in positive at 12,427.36 points with a modest gain of 12.01 points. After positive opening, the market witnessed mixed trend with the inde
Published 08 Feb, 2011 12:00am
Index up 12.01 points

Index up 12.01 points

Late buying on Monday on expectations of early introduction of leverage product supported the KSE-100 index to close in positive at 12,427.36 points with a modest gain of 12.01 points. After positive opening, the market witnessed mixed trend with the inde
Published 08 Feb, 2011 12:00am
Index up 12.01 points

Index up 12.01 points

Late buying on Monday on expectations of early introduction of leverage product supported the KSE-100 index to close in positive at 12,427.36 points with a modest gain of 12.01 points. After positive opening, the market witnessed mixed trend with the inde
Published 08 Feb, 2011 12:00am
BRIndex30 down 17.91 points

BRIndex30 down 17.91 points

On Monday, the BRIndex30 opened at 9,185.40 points. It touched the intra-day high of 9,216.33 points and low of 9,151.21 points, and closed at 9,167.49 points with a net negative change of -17.91 points, or -0.19 percent. The volume was 43,073,631 shares,
Published 08 Feb, 2011 12:00am
BRIndex30 down 17.91 points

BRIndex30 down 17.91 points

On Monday, the BRIndex30 opened at 9,185.40 points. It touched the intra-day high of 9,216.33 points and low of 9,151.21 points, and closed at 9,167.49 points with a net negative change of -17.91 points, or -0.19 percent. The volume was 43,073,631 shares,
Published 08 Feb, 2011 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

Minor changes were witnessed on the currency market on Monday as the rupee fluctuated marginally versus dollar and euro, dealers said. The rupee fell by three paisa against dollar at 85.52 for buying and shed two paisa for selling at 85.56, they said.
Published 08 Feb, 2011 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

Minor changes were witnessed on the currency market on Monday as the rupee fluctuated marginally versus dollar and euro, dealers said. The rupee fell by three paisa against dollar at 85.52 for buying and shed two paisa for selling at 85.56, they said.
Published 08 Feb, 2011 12:00am
Arab unrest: perspectives-I

Arab unrest: perspectives-I

There used to be a famous joke about the now embattled Egyptian President Hosni Mubarak, according to which, when President Mubarak's car would reach a crossroad, his chauffer would ask him the direction. But Mubarak would first like to know about the roa
Published 08 Feb, 2011 12:00am
Arab unrest: perspectives-I

Arab unrest: perspectives-I

There used to be a famous joke about the now embattled Egyptian President Hosni Mubarak, according to which, when President Mubarak's car would reach a crossroad, his chauffer would ask him the direction. But Mubarak would first like to know about the roa
Published 08 Feb, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Egypt raises public sector salaries by 15 percent

Egypt raises public sector salaries by 15 percent

Egypt's newly formed government has agreed to raise public sector salaries and pensions by 15 percent, the state-controlled MENA news agency reported on Monday. The increase will become effective in April, MENA said, quoting new Finance Minister Samir Rad
Published 08 Feb, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Egypt raises public sector salaries by 15 percent

Egypt raises public sector salaries by 15 percent

Egypt's newly formed government has agreed to raise public sector salaries and pensions by 15 percent, the state-controlled MENA news agency reported on Monday. The increase will become effective in April, MENA said, quoting new Finance Minister Samir Rad
Published 08 Feb, 2011 12:00am
Egypt raises public sector salaries by 15 percent

Egypt raises public sector salaries by 15 percent

Egypt''s newly formed government has agreed to raise public sector salaries and pensions by 15 percent, the state-controlled MENA news agency reported on Monday. The increase will become effective in April, MENA said, quoting new Finance Minister Samir Ra
Published 08 Feb, 2011 12:00am
Israeli prime minister says peace can come apart

Israeli prime minister says peace can come apart

Israel's prime minister is warning that peace treaties can be cancelled, hinting at his concern over the turmoil in Egypt over anti-government protests. Benjamin Netanyahu said peace is not necessarily permanent. He said, ``It can be unravelled from witho
Published 08 Feb, 2011 12:00am
NICL Case: petition filed to seize the assets of involved persons

NICL Case: petition filed to seize the assets of involved persons

FIA filed a petition to seize the assets of four main accused in National Insurance Corporation Limited (NICL) fraud case, a private TV channel reported Monday. According to the channel, the Federal Investigation Agency (FIA) has started the process of se
Published 08 Feb, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 29th January, 2011.

Published 08 Feb, 2011 12:00am
Several flights cancelled after PIA JAC protest

Several flights cancelled after PIA JAC protest

After the dismissal of six pilots including Palpa president Sohail Baloch and general secretary, T M Rabbani, the joint action committee threatened to cancel all the flights, a private TV channel reported Monday. According to the channel, several local an
Published 08 Feb, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 29th January, 2011.

Published 08 Feb, 2011 12:00am
LSE gains 4.42 points

LSE gains 4.42 points

Mixed sentiment prevailed at Lahore Stock Exchange on Monday where equities moved both ways and ended with marginal gain amid ascending transaction volume on account of fresh entries. The LSE-25 index improved slightly by 4.42 points and closed at 3796.34
Published 08 Feb, 2011 12:00am
LSE gains 4.42 points

LSE gains 4.42 points

Mixed sentiment prevailed at Lahore Stock Exchange on Monday where equities moved both ways and ended with marginal gain amid ascending transaction volume on account of fresh entries. The LSE-25 index improved slightly by 4.42 points and closed at 3796.34
Published 08 Feb, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Bears dominates ISE

Bears dominates ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) where equities showed negative signs amid decrease in index. ISE-10 Index was down by 3.51 points from 3,056.41 to 3,052.90 points. Turnover amounted to 160,544 shares as compared to previo
Published 08 Feb, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Bears dominates ISE

Bears dominates ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) where equities showed negative signs amid decrease in index. ISE-10 Index was down by 3.51 points from 3,056.41 to 3,052.90 points. Turnover amounted to 160,544 shares as compared to previo
Published 08 Feb, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Bashir meets Krishna

Bashir meets Krishna

Foreign Secretary Salman Bashir called on Indian External Affairs Minister S.M. Krishna in Thimpu, Bhutan on Monday. The Foreign Secretary conveyed the greetings and good wishes from the Pakistan leadership to the Indian leadership as well as Pakistan's d
Published 08 Feb, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Enforcement activities: CCP achieves a major breakthrough

Enforcement activities: CCP achieves a major breakthrough

The Competition Commission of Pakistan achieved a major breakthrough in enforcement activities when a large business association admitted of operating as a cartel and requested the Commission to take lenient view in the imposition of penalty.
Published 08 Feb, 2011 12:00am
Enforcement activities: CCP achieves a major breakthrough

Enforcement activities: CCP achieves a major breakthrough

The Competition Commission of Pakistan achieved a major breakthrough in enforcement activities when a large business association admitted of operating as a cartel and requested the Commission to take lenient view in the imposition of penalty.
Published 08 Feb, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Enforcement activities: CCP achieves a major breakthrough

Enforcement activities: CCP achieves a major breakthrough

The Competition Commission of Pakistan achieved a major breakthrough in enforcement activities when a large business association admitted of operating as a cartel and requested the Commission to take lenient view in the imposition of penalty.
Published 08 Feb, 2011 12:00am
Pakistan team returns from New Zealand

Pakistan team returns from New Zealand

Pakistan cricket squad returned here Monday night from Auckland (New Zealand) after winning the Test as well as 6-match One-Day Internationals (ODIs) series against the hosts. Led by Misbah-ul- Haq, Pakistan beat won the 2-test match series 1-0 and later
Published 08 Feb, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Pakistan team returns from New Zealand

Pakistan team returns from New Zealand

Pakistan cricket squad returned here Monday night from Auckland (New Zealand) after winning the Test as well as 6-match One-Day Internationals (ODIs) series against the hosts. Led by Misbah-ul- Haq, Pakistan beat won the 2-test match series 1-0 and later
Published 08 Feb, 2011 12:00am
Written-off loans case: Supreme Court hints at summoning SBP governor

Written-off loans case: Supreme Court hints at summoning SBP governor

The Supreme Court on Monday said that it might summon governor State Bank of Pakistan (SBP), warning that the court could go to any extent to recover the written off loans, which is a public money. A four-member bench headed by Chief Justice Iftikhar Muha
Published 08 Feb, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Written-off loans case: Supreme Court hints at summoning SBP governor

Written-off loans case: Supreme Court hints at summoning SBP governor

The Supreme Court on Monday said that it might summon governor State Bank of Pakistan (SBP), warning that the court could go to any extent to recover the written off loans, which is a public money. A four-member bench headed by Chief Justice Iftikhar Muha
Published 08 Feb, 2011 12:00am
Written-off loans case: Supreme Court hints at summoning SBP governor

Written-off loans case: Supreme Court hints at summoning SBP governor

The Supreme Court on Monday said that it might summon governor State Bank of Pakistan (SBP), warning that the court could go to any extent to recover the written off loans, which is a public money. A four-member bench headed by Chief Justice Iftikhar Muha
Published 08 Feb, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (February 07, 2011).

Published 08 Feb, 2011 12:00am
Total refinery output falls nine percent in first seven months

Total refinery output falls nine percent in first seven months

The total refinery production in the country has declined by 9 percent in the first seven months of FY11 as compared to the same period last year. However, only in the month of January 2011, the local refineries operated at 73 percent capacity utilisation
Published 08 Feb, 2011 12:00am