BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-03-11
European stocks close down
Financial

European stocks close down

LONDON: Europe's main stock markets closed down on Friday, with London's FTSE 100 index of leading shares shedding 0.29
Published 11 Mar, 2011 06:07pm
PML-Q delegation meets President Zardari
Top News

PML-Q delegation meets President Zardari

ISLAMABAD: A delegation of PML (Q), headed by Chaudhry Shujaat Hussain, on Friday night called on President Asif Ali Zar
Published 11 Mar, 2011 05:47pm
Apple's iPad2 hits stores on Friday
Top News

Apple's iPad2 hits stores on Friday

WASHINGTON: Apple's new iPad went on sale on Friday as the gadget-maker seeks to stay a step ahead of its rivals in the
Published 11 Mar, 2011 03:41pm
Small earthquake jolts KP
Top News

Small earthquake jolts KP

KARACHI: A light earthquake of magnitude 4.8 jolted northwest Pakistan near the border with Afghanistan on Friday but th
Published 11 Mar, 2011 02:46pm
Eurozone leaders meet to bolster euro
Top News

Eurozone leaders meet to bolster euro

BRUSSELS: Eurozone leaders aimed to agree Friday on at least the broad lines of the greater economic policy coordination
Published 11 Mar, 2011 02:05pm
No tsunami threat to Pakistan: Met
Top News

No tsunami threat to Pakistan: Met

KARACHI: There is no threat to the Pakistani coast due to earthquake of 7.9 magnitude which hit near east coast of Honsh
Published 11 Mar, 2011 10:33am
Rosneft vows to fight TNK-BP
Energy

Rosneft vows to fight TNK-BP

MOSCOW: Russia's state oil giant Rosneft said on Friday it had no intention of breaking off its strategic alliance with
Published 11 Mar, 2011 08:45am
India output grows nearly 4pc
Asia

India output grows nearly 4pc

NEW DELHI: India's industrial output grew by nearly four percent in January from a year earlier, outperforming market ex
Published 11 Mar, 2011 08:38am
Oil below $102 in Asian trade
Energy

Oil below $102 in Asian trade

SINGAPORE: Crude prices turned lower in Asia on Friday as traders awaited further news on protests in Saudi Arabia, th
Published 11 Mar, 2011 08:31am
Russia's Kuril Islands on tsunami alert
Top News

Russia's Kuril Islands on tsunami alert

MOSCOW: Russia's emergency ministry issued a tsunami warning Friday for the Kuril Island chain after a powerful quake st
Published 11 Mar, 2011 07:13am
Euro rebounds against dollar
Financial

Euro rebounds against dollar

TOKYO: The euro rebounded against the dollar on buybacks in Asia on Friday, after earlier plunging on a Spanish ratings
Published 11 Mar, 2011 07:04am
Iran expels AFP journalist
Asia

Iran expels AFP journalist

TEHRAN: Agence France Presse deputy bureau chief in Tehran Jay Deshmukh was expelled on Friday by the Iranian authoritie
Published 11 Mar, 2011 07:01am
India output grows nearly 4 percent
Top News

India output grows nearly 4 percent

NEW DELHI: India's industrial output grew by nearly four percent in January from a year earlier, outperforming market ex
Published 11 Mar, 2011 06:39am
Inflation down with errors
BR Research

Inflation down with errors

Its just not the high base effect. The volatility in the food items, especially perishable, and some apparent change in recording practices
Published 11 Mar, 2011 12:00am
All eyes on sugar
BR Research

All eyes on sugar

Talks on the second precious white of Pakistan - sugar - had remained largely muted for some time. Until the government entered the picture
Published 11 Mar, 2011 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell more than 1 percent on Thursday as a drop in oil prices sparked profit-taking, but worries over eurozone debt after a Moody's downgrade of Spain and ongoing unrest in Libya kept the metal firmly underpinned. Oil's rise to 2-1/2 year highs late l
Published 11 Mar, 2011 12:00am
Gold rises in Asia

Gold rises in Asia

Gold tracked oil higher on Thursday as investors waited to see if the international community would agree to a "no-fly" zone for Libya, while holdings in the world's largest silver exchange-traded fund struck a record high, reflecting greater interest in
Published 11 Mar, 2011 12:00am
US gold pares gains

US gold pares gains

Gold pared gains after rising toward its record high on Wednesday, as a pullback in crude oil prices offset safe-haven buying inspired by mounting unrest across the Arab world and renewed euro zone debt worries.
Published 11 Mar, 2011 12:00am
Liffe coffee and cocoa fall

Liffe coffee and cocoa fall

Liffe May robusta coffee ends down $49 at $2,508 a tonne on Thursday. Drop in coffee prices led by slide in ICE arabicas. Liffe May cocoa ends down 15 pounds at 2,244 pounds a tonne. London cocoa pushed lower by sharp drop in ICE futures due to long liqui
Published 11 Mar, 2011 12:00am
Arabicas stays at 34-year top

Arabicas stays at 34-year top

US arabica coffee futures hurtled to a 34-year top Wednesday and looked poised to charge higher, boosted by investment fund buying and slim supplies. Cocoa futures retreated further from last week's 32-year peak but remained propped up by civil war in top
Published 11 Mar, 2011 12:00am
Malaysian palm oil hits two-week low

Malaysian palm oil hits two-week low

Malaysian crude palm oil futures tumbled to a two-week low on Thursday as traders unwound positions on signs of slowing demand and expectations global stocks of vegetable oils would rise. The palm oil market has shifted its focus from a largely upbeat pri
Published 11 Mar, 2011 12:00am
US soyabeans down

US soyabeans down

Chicago Board of Trade soyabean futures dropped for the third straight day on Wednesday on harvesting of a likely bumper South American soyabean crop and fund long-liquidation ahead of the release on Thursday of USDA's March supply/demand and crop product
Published 11 Mar, 2011 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures edged 1 percent higher on Thursday, with a rise in oil prices due to the unrest in Libya helping the market recover some poise after a slump earlier in the week, dealers said. The benchmark rubber contract on the Tokyo Commodity Excha
Published 11 Mar, 2011 12:00am
Brent, crude oil pare losses on Saudi unrest

Brent, crude oil pare losses on Saudi unrest

Brent and US crude oil futures pared losses on Thursday, beset by deeper geopolitical worries after witnesses said police fired upon protesters in Saudi Arabia's Eastern province. The protest in the top Opec member's oil-producing Eastern province was th
Published 11 Mar, 2011 12:00am
Copper descends

Copper descends

Copper fell on Thursday after weak Chinese import data cast doubt on demand from the world's top consumer of the metal and data showed jobless claims in the United States rose more than expected. Copper for three-months delivery on the London Metal Exchan
Published 11 Mar, 2011 12:00am
Shanghai copper sags

Shanghai copper sags

Shanghai copper fell more than 3 percent on Thursday after weak Chinese import data cast doubt on demand from the world's biggest consumer of the metal, adding to worries about high oil prices hurting the global economy. Shanghai's most active copper futu
Published 11 Mar, 2011 12:00am
US copper falls

US copper falls

Copper fell 3 percent on Wednesday on investor concerns that elevated crude oil prices could lead to inflation and crimp global growth, denting demand for industrial metals. COMEX May copper lost 12.6 cents to settle at $4.2125 per lb, after dealing betwe
Published 11 Mar, 2011 12:00am
New York cotton falls amid spreading, ignores USDA data

New York cotton falls amid spreading, ignores USDA data

US cotton futures closed lower on Thursday mostly on spread trade and investor sales as players paid little heed to a pair of government reports, analysts said. The key May cotton contract on ICE Futures US fell 3.43 cents to finish at $2.0098 per lb, tra
Published 11 Mar, 2011 12:00am
Pentagon accounting problems 'serious'

Pentagon accounting problems 'serious'

The US administration is taking a hard look at problems in the Defence Department's accounting, after a report called its books unauditable, the Treasury said Wednesday. Treasury assistant secretary Richard Gregg told a Congressional panel there were "ser
Published 11 Mar, 2011 12:00am
25 dead, 250 injured in China quake

25 dead, 250 injured in China quake

At least 25 people were killed and 250 injured in an earthquake that struck a remote area of south-west China near the border with Myanmar on Thursday, state media reported. The tremor reduced hundreds of houses to rubble, left some desperate residents tr
Published 11 Mar, 2011 12:00am
US sacks Japan desk head over Okinawa slurs

US sacks Japan desk head over Okinawa slurs

The United States on Thursday sacked a senior diplomat who infuriated Japan with reported slurs against the people of Okinawa island, which has reluctantly hosted American forces since World War II. The State Department's Japan desk head Kevin Maher was r
Published 11 Mar, 2011 12:00am
China congress chief rules out multi-party system

China congress chief rules out multi-party system

China's parliament chief Thursday ruled out any shift to multi-party democracy in a speech that appeared to pour cold water on political reform hopes sparked by remarks from Premier Wen Jiabao last year. Wu Bangguo, who is officially number two in the cou
Published 11 Mar, 2011 12:00am
Pope's new book: Violence never in God's name

Pope's new book: Violence never in God's name

Pope Benedict XVI rejects the idea of Jesus as a political revolutionary and insists that violent revolution must never be carried out in God's name in a new book that was released Thursday amid great fanfare at the start of Lent.
Published 11 Mar, 2011 12:00am
Berlusconi unveils controversial judicial reforms

Berlusconi unveils controversial judicial reforms

Silvio Berlusconi on Thursday unveiled constitutional reforms he says will curb the powers of Italy's judiciary - a move condemned by the opposition as an attempt by the country's prime minister to strengthen his position in the trials he is facing. The p
Published 11 Mar, 2011 12:00am
Saudi accused of Bush home attack plot indicted

Saudi accused of Bush home attack plot indicted

A Saudi man who was attending college in Texas was indicted Wednesday on a charge of attempting to use a weapon of mass destruction, after prosecutors say he ordered bomb components online and had hatched plans to attack various US targets, including New
Published 11 Mar, 2011 12:00am
Yemen president vows reform as protests continue

Yemen president vows reform as protests continue

Yemen President Ali Abdullah Saleh, hoping to defuse increasingly violent protests against his 32-year rule, said on Thursday he would draw up a new constitution to create a parliamentary system of government. An opposition spokesman swiftly rejected the
Published 11 Mar, 2011 12:00am
Dalai Lama says he'll give up political role

Dalai Lama says he'll give up political role

The Dalai Lama said Thursday that he will be giving up his political role in Tibet's government-in-exile, shifting that power to an elected representative. The Tibetan spiritual leader, speaking on the anniversary of the 1959 Tibetan uprising against Chin
Published 11 Mar, 2011 12:00am
France first country to recognise Libya opposition

France first country to recognise Libya opposition

France became the first Western nation to recognise the Libyan opposition's newly formed transitional council on Thursday as European countries used financial sanctions to further isolate Moammar Gadhafi's government. Both sides in the Libyan conflict wer
Published 11 Mar, 2011 12:00am
Russia announces ban on arms sales to Libya

Russia announces ban on arms sales to Libya

Russia will ban all weapons sales to Libya, the Kremlin said in a statement on Thursday, effectively suspending billions of dollars worth of arms contracts with the government of Muammar Gaddafi. The Kremlin decree brings Moscow in line with an arms embar
Published 11 Mar, 2011 12:00am
Israeli settlers threaten Western diplomats

Israeli settlers threaten Western diplomats

Western diplomats working with the Palestinians told AFP on Thursday they have received threatening letters warning they are "at risk" because of their nations' criticism of settlements. Diplomatic sources at several foreign missions in east Jerusalem and
Published 11 Mar, 2011 12:00am
Madagascar Prime Minister and government resign

Madagascar Prime Minister and government resign

Mada-gascar's prime minister and his government resigned on Thursday, in line with a road map proposed by international mediators to end a two-year political crisis on the Indian Ocean island. Eight out of 11 political groups in Madagascar initialled the
Published 11 Mar, 2011 12:00am
Cables give US insight into Saudi succession

Cables give US insight into Saudi succession

The Saudi prince seen as most likely to accede may in office prove less conservative than his public image suggests, according to leaked US diplomatic cables, which offer rare insights into the succession debate inside America's ally and leading oil suppl
Published 11 Mar, 2011 12:00am
Karzai relative killed in Nato night raid

Karzai relative killed in Nato night raid

An elderly relative of Afghan President Hamid Karzai was shot dead by Nato forces during a botched night raid in southern Afghanistan on Thursday, Karzai's brother said, stoking controversy over the war's civilian toll.
Published 11 Mar, 2011 12:00am
Saudi police open fire at protest

Saudi police open fire at protest

Saudi police have opened fire at a rally in the kingdom's east in an apparent escalation of efforts to stop planned protests. Government officials have warned they will take strong action if activists take to the streets after increasing calls for large p
Published 11 Mar, 2011 12:00am
Gulf states launch $20 billion fund for Oman, Bahrain

Gulf states launch $20 billion fund for Oman, Bahrain

Gulf Arab oil producers launched on Thursday a $20 billion aid package for Bahrain and Oman, both of which are facing anti-government protests inspired by uprisings across the Arab world. The job-generating measure, which will give $10 billion to each cou
Published 11 Mar, 2011 12:00am
Penalty shoot-out to replace penalty stroke competition

Penalty shoot-out to replace penalty stroke competition

The International Hockey Federation (FIH) has decided that a penalty stroke competition should be replaced by a penalty shoot-out competition, This decision was taken by FIH Executive Board at its recent meeting and the new rule will be incorporated in th
Published 11 Mar, 2011 12:00am
Wasim Bari to grace NIT Rover Cricket

Wasim Bari to grace NIT Rover Cricket

Former Pakistan's Test cricketer, Wasim Bari will be the chief guest at the NIT Rover Cricket Tournament, which will be played on March 13, Sunday at the Aga Khan School Ground (adjacent to Aga Khan Gymkhana). Teams qualified to semi-finals are Darkhana R
Published 11 Mar, 2011 12:00am
Soul-searching Australia draft former captains to review

Soul-searching Australia draft former captains to review

Former Australia captains Allan Border, Mark Taylor and Steve Waugh will join a review panel charged with finding ways to make the national team more competitive following their humbling Ashes defeat to bitter rivals England. England retained the coveted
Published 11 Mar, 2011 12:00am
Milan eliminated by resolute Spurs

Milan eliminated by resolute Spurs

AC Milan failed to produce the flair that made them seven-times European champions and were eliminated from the Champions League by Tottenham Hotspur after a 0-0 draw put the English side through 1-0 on Wednesday. Spurs advanced to the quarter-finals afte
Published 11 Mar, 2011 12:00am
Sri Lanka reach quarters

Sri Lanka reach quarters

Tillakaratne Dilshan smashed 144 before taking 4-4 to help Sri Lanka beat Zimbabwe by 139 runs and reach the World Cup quarter-finals on Thursday. Together with fellow opener Upul Tharanga, who hit a career-best 133, Dilshan put on a new World Cup opening
Published 11 Mar, 2011 12:00am
Sri Lanka reach quarters

Sri Lanka reach quarters

Tillakaratne Dilshan smashed 144 before taking 4-4 to help Sri Lanka beat Zimbabwe by 139 runs and reach the World Cup quarter-finals on Thursday. Together with fellow opener Upul Tharanga, who hit a career-best 133, Dilshan put on a new World Cup opening
Published 11 Mar, 2011 12:00am
Sarwan keeps cool as West indies eye last eight

Sarwan keeps cool as West indies eye last eight

Grizzled veteran Ramnaresh Sarwan, who knows the difference between a new West Indies golden age and another false dawn, is refusing to ponder a World Cup quarter-final spot just yet. The 30-year-old, with 162 ODIs under his belt as well as more than 5,00
Published 11 Mar, 2011 12:00am
Bangladesh face moment of reckoning

Bangladesh face moment of reckoning

Rattled Bangladesh tackle resurgent England in a make-or-break Group B match on Friday where defeat will almost certainly end their World Cup campaign before the quarter-finals. The Tigers have just one win in three games and failure at the Zahur Ahmed Ch
Published 11 Mar, 2011 12:00am
World Cup organisers make no change after attack warning

World Cup organisers make no change after attack warning

Cricket World Cup organisers said on Thursday that no changes had been made to security arrangements after the Indian government's warning of a possible militant attack on the showpiece event. Just before the February 19-April 2 tournament reached the hal
Published 11 Mar, 2011 12:00am
FIFA launches match-fixing probe over friendlies

FIFA launches match-fixing probe over friendlies

FIFA is investigating six match officials over possible match-fixing in two friendly internationals in Turkey that produced a total of seven penalties last month. FIFA, which last week said it would take greater control over friendlies, ordered the invest
Published 11 Mar, 2011 12:00am
US trade gap widens, jobless claims up

US trade gap widens, jobless claims up

The US trade deficit widened much more than expected in January as surging imports of oil, capital goods and cars overpowered record exports in a signal of strengthening demand. A second report on Thursday showed a rise in new claims for jobless benefits,
Published 11 Mar, 2011 12:00am
Household wealth jumps

Household wealth jumps

US household wealth rose by $2.1 trillion in the fourth quarter and their debt contracted at the slowest pace since 2008 as consumers stepped up spending and boosted the fragile economic recovery. Gains made in investments such as mutual funds boosted ove
Published 11 Mar, 2011 12:00am
Budget deficit hits record in February

Budget deficit hits record in February

The United States scored a record $222.5 billion public budget deficit in February, not surprising to analysts but still likely to fuel a raging battle in Congress over cutting government spending. The figure from the US Treasury surpassed the old record
Published 11 Mar, 2011 12:00am
China trade swings to largest deficit in seven years

China trade swings to largest deficit in seven years

China swung to a surprise trade deficit in February of $7.3 billion, its largest in seven years, as the Lunar New Year holiday dealt an unexpectedly sharp blow to exports. It was China's first trade deficit since March last year and its biggest since Febr
Published 11 Mar, 2011 12:00am
Putin offers Biden scrapping of US-Russia visas

Putin offers Biden scrapping of US-Russia visas

Prime Minister Vladimir Putin on Thursday proposed to visiting US Vice President Joe Biden that Russia and the United States abolish visas in a "historic" step to seal a revival in ties. Biden's visit is aimed at building on the "reset" in relations spear
Published 11 Mar, 2011 12:00am
US dollar's role not at risk from SDRs: Geithner

US dollar's role not at risk from SDRs: Geithner

The US dollar will continue to be the world's key reserve currency and won't be toppled by the Special Drawing Rights issued by the International Monetary Fund, Treasury Secretary Timothy Geithner said on Wednesday. Testifying before a House of Representa
Published 11 Mar, 2011 12:00am
BoE holds fire on rates, hike seen by mid-year

BoE holds fire on rates, hike seen by mid-year

The Bank of England kept interest rates at a record low of 0.5 percent on the view that Britain's economic recovery remains too weak to sustain an inflationary spiral, but investors still expect a hike by mid-year. Thursday's decision was widely expected,
Published 11 Mar, 2011 12:00am
Madoff stumble complicates SEC's money pitch

Madoff stumble complicates SEC's money pitch

New missteps in response to the epic fraud of Bernard Madoff threatened to undermine the US Securities and Exchange Commission's pitch for more money before a trio of congressional committees on Thursday. A key senator called for a quick probe into why th
Published 11 Mar, 2011 12:00am
EU Commission raids Baltic rail operators

EU Commission raids Baltic rail operators

European Union competition authorities have raided companies active in the rail freight sector in the Baltics, on suspicion they were involved in a cartel, the EU's executive arm said on Thursday. Rail operators in Lithuania and Latvia confirmed the raids
Published 11 Mar, 2011 12:00am
German exports take surprise hit in January

German exports take surprise hit in January

German exports unexpectedly fell 1 percent in January, data showed on Thursday, in a slight setback for the key sector of Europe's largest economy. The trade surplus fell to 11.8 billion euros from a revised 14.2 billion the month before, seasonally adjus
Published 11 Mar, 2011 12:00am
AOL to cut 20 percent of global workforce

AOL to cut 20 percent of global workforce

AOL Inc will cut more than 900 jobs, or 20 percent of its global workforce, as it struggles to catch up to faster-moving rivals, a source close to the Internet company said on Thursday. AOL, which has 5,000 workers, will cut about 400 jobs in India, outso
Published 11 Mar, 2011 12:00am
New Zealand makes 'emergency' rate cut after quake

New Zealand makes 'emergency' rate cut after quake

New Zealand announced an "emergency" interest rate cut in response to the Christchurch earthquake Thursday, warning that the already struggling economy risked nosediving after the disaster. The Reserve Bank of New Zealand slashed the official cash rate (O
Published 11 Mar, 2011 12:00am
Eurozone debt crisis intensifies on summit eve

Eurozone debt crisis intensifies on summit eve

Germany refused to be rushed into boosting the eurozone's rescue fund after Moody's cut Spain's credit rating on Thursday and markets piled pressure on Portugal on the eve of a summit of the currency bloc. The euro fell to a one-week low of $1.3804, the r
Published 11 Mar, 2011 12:00am
Sterling rates ease

Sterling rates ease

Sterling money market rates eased on Thursday after the Bank of England held interest rates, and analysts said the move was an opportunity to price in a more aggressive future rates path than currently expected. Markets anticipate UK interest rates will r
Published 11 Mar, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 71.59/71.65 (previous 71.56/71.60). Call Money Rates: 11.00-12.00 percent (previous 11.00-12.00 percent).
Published 11 Mar, 2011 12:00am
Swiss franc up

Swiss franc up

The Swiss franc extended gains against the euro on Thursday as a downgrade of Spanish debt added to re-emerging concerns about eurozone debts and pushed investors into safe-haven currencies such as the Swissie. The franc rose 0.3 percent against the euro
Published 11 Mar, 2011 12:00am
New Zealand, Aussie dollars lower

New Zealand, Aussie dollars lower

The New Zealand dollar was fighting to hold above a five-month low on Thursday after the Reserve Bank of New Zealand (RBNZ) cut interest rates by an aggressive 50 basis points, though it signalled further easing was unlikely. The Australian dollar was sla
Published 11 Mar, 2011 12:00am
Indian rupee down

Indian rupee down

The Indian rupee ended lower on Thursday weighed by weak local shares, high oil prices and strong dollar overseas, but some dollar inflows from overseas borrowing by corporates aided. The partially convertible rupee closed at 45.18/19 per dollar, weaker t
Published 11 Mar, 2011 12:00am
Won leads falls in Asian currencies

Won leads falls in Asian currencies

The South Korean won hit a one-week low against the dollar, leading overall falls in Asian currencies on Thursday as China's surprise trade deficit and less hawkish comments by the central bank prompted investors to cover dollar short positions. The Bank
Published 11 Mar, 2011 12:00am
Euro fails to retest recent peak in New York

Euro fails to retest recent peak in New York

The euro failed to retest a recent four-year peak against the dollar on Wednesday, and analysts said persistent worries about the fiscal health of several eurozone countries may limit further gains. The euro hit a four-month high above $1.40 this week as
Published 11 Mar, 2011 12:00am
Midday trade in New York: Euro falls on Spain downgrade

Midday trade in New York: Euro falls on Spain downgrade

The euro fell on Thursday after a cut to Spain's credit rating kept eurozone debt problems in focus and left the currency vulnerable to more downward pressure in the coming weeks. The euro fell to a session low against the dollar after disappointing US jo
Published 11 Mar, 2011 12:00am
Euro slips in London

Euro slips in London

The euro fell on Thursday after a cut to Spain's credit rating reminded investors that eurozone debt problems will continue to haunt the currency, keeping it vulnerable to more downward pressure in the coming weeks. The euro hit the day's low around $1.38
Published 11 Mar, 2011 12:00am
Euro falls in Asia

Euro falls in Asia

The euro fell on Thursday, with further pullbacks seen likely, as worries about how Europe will address its fiscal problems offset expectations of an upcoming rate hike by the European Central Bank. The single European currency extended its losses after M
Published 11 Mar, 2011 12:00am
Sterling dips versus dollar

Sterling dips versus dollar

Sterling fell to a near two-week low against the dollar on Thursday after the Bank of England kept interest rates on hold as expected, as investors who had bet on an outside chance of a hike cut positions. Traders said more downside stops are positioned b
Published 11 Mar, 2011 12:00am
Yuan ends lower

Yuan ends lower

The yuan closed down slightly against the dollar on Thursday even though the PBOC set a stronger mid-point, after China's exports came in weaker than expected, which may take some pressure off the yuan to appreciate. Spot yuan finished at 6.5747 versus th
Published 11 Mar, 2011 12:00am
UK's top share index falls

UK's top share index falls

A downgrade for Spain's credit rating, violence in Libya and weak data from China and the U. heaped pressure on Britain's top share index on Thursday, with traders speculating that there could be more woe to come. "It's an unholy triumvirate of bad news,"
Published 11 Mar, 2011 12:00am
Indian shares decline

Indian shares decline

Indian shares fell 0.8 percent on Thursday as intensifying turmoil in Libya led to a surge in oil prices, and traders expected the market to be wedged in a tight range in the near term as developments unfold in the Middle East. Financials contributed the
Published 11 Mar, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 1.22 percent on Thursday, pressured by electronics shares as the industry outlook weakened on softening demand and by plastics shares as oil prices rose anew. Shares of computer contract maker Quanta fell 2.7 percent after a newspaper r
Published 11 Mar, 2011 12:00am
European shares slip to lowest close this year

European shares slip to lowest close this year

European shares fell to their lowest closing level so far this year on Thursday, on sovereign debt and economic recovery concerns. The pan-European FTSEurofirst 300 index of top shares closed 1.1 percent lower at 1,131.78 points.
Published 11 Mar, 2011 12:00am
Nikkei hits five-week low

Nikkei hits five-week low

Japan's Nikkei average fell to a five-week low on Thursday, breaking below a key support level after an overnight rise in oil prices and uncertainty about the Middle East sparked futures selling. The charts are pointing to further losses for the market, b
Published 11 Mar, 2011 12:00am
China, Hong Kong shares slip

China, Hong Kong shares slip

Shares in Shanghai and Hong Kong eased on Thursday, weighed by profit-taking in financials, as investors worried that draining of cash by China's central bank may lead to tighter liquidity in the near-term. The People's Bank of China stepped up open marke
Published 11 Mar, 2011 12:00am
Seoul shares sag

Seoul shares sag

Seoul shares sagged on Thursday dragged down by technology issues as futures and options expiry fuelled market volatility, analysts said. The Bank of Korea's decision to raise interest rates further weighed down shares, already under pressure from Libya t
Published 11 Mar, 2011 12:00am
Tokyo, Osaka exchange eye merger talks

Tokyo, Osaka exchange eye merger talks

The Tokyo Stock Exchange will begin talks with its smaller domestic rival, the Osaka Securities Exchange , on a possible merger aimed at surviving a wave of industry consolidation, a source said. A flurry of mergers and alliances among global exchanges ha
Published 11 Mar, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasuries prices rose on Wednesday on a safety bid over peripheral European debt concerns and solid demand in a 10-year Treasury notes auction. Treasuries extended gains after the early afternoon sale of $21 billion of reopened 10-year notes brought a
Published 11 Mar, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasuries prices rose on Wednesday on a safety bid over peripheral European debt concerns and solid demand in a 10-year Treasury notes auction. Treasuries extended gains after the early afternoon sale of $21 billion of reopened 10-year notes brought a
Published 11 Mar, 2011 12:00am
Chip sector losses hit Nasdaq; IBM supports Dow

Chip sector losses hit Nasdaq; IBM supports Dow

A weak outlook from Texas Instruments weighed on the Nasdaq on Wednesday and pushed an index of chip makers below a key technical level in a worrisome sign for the market's six-month uptrend. The PHLX semiconductor index fell 3 percent to close below its
Published 11 Mar, 2011 12:00am
TThursday's midday trade: indices lose over one percent

TThursday's midday trade: indices lose over one percent

US stocks slid more than 1 percent on Thursday and the S&P 500 fell through a key technical level amid global economic worries, suggesting more losses may be on the way. Nearly seven stocks fell for every one that rose on both the New York Stock Exchange
Published 11 Mar, 2011 12:00am
Southeast Asian markets: renewed oil jitters send some markets lower

Southeast Asian markets: renewed oil jitters send some markets lower

Some Southeast Asian stock markets fell on Thursday, wary of growing unrest in Libya and after surprisingly weak Chinese trade data, but the climb in global oil prices boosted demand for selected energy stocks. Risk-averse investors stayed on the sideline
Published 11 Mar, 2011 12:00am
Middle East markets extend gains

Middle East markets extend gains

Gulf Arab markets edged higher on Thursday, extending a week-long rebound as investors became more comfortable with heightened geopolitical risk and stock volatility eased. "The market was overdone to the downside, so we saw a strong rebound and it will r
Published 11 Mar, 2011 12:00am
Oil rich Qatar to grow 20 percent in 2011: IMF

Oil rich Qatar to grow 20 percent in 2011: IMF

The economy of oil and gas exporter Qatar - the world's wealthiest country per capita - will grow a breathless 20 percent in 2011, the IMF said Wednesday. "Qatar has weathered the global financial crisis exceptionally well, reflecting the swift and strong
Published 11 Mar, 2011 12:00am
Devolution of five more ministries by March 15

Devolution of five more ministries by March 15

The Implementation Commission on 18th Amendment has set March 15 deadline for transfer of five more ministries to the provinces, it is learnt. The deadline was set in a meeting of the Commission on Thursday chaired by Minister for Inter Provincial Co-ordi
Published 11 Mar, 2011 12:00am
Japan's GDP revised down, wholesale prices up

Japan's GDP revised down, wholesale prices up

Japan's economy shrank at a slightly faster annualised pace in the last quarter than initially reported as capital spending was revised lower, reflecting dull domestic demand, but exports likely fuelled a return to growth this year. The downward revision
Published 11 Mar, 2011 12:00am
Devolution of five more ministries by March 15

Devolution of five more ministries by March 15

The Implementation Commission on 18th Amendment has set March 15 deadline for transfer of five more ministries to the provinces, it is learnt. The deadline was set in a meeting of the Commission on Thursday chaired by Minister for Inter Provincial Co-ordi
Published 11 Mar, 2011 12:00am
Little business on lint market

Little business on lint market

Local lint business remained minimal till Thursday afternoon due to a variety of reasons. Textile mills have remained mostly nonplussed following the frantic and frenzied performance of New York cotton futures (ICE) because it is not only the ethereal hei
Published 11 Mar, 2011 12:00am
Little business on lint market

Little business on lint market

Local lint business remained minimal till Thursday afternoon due to a variety of reasons. Textile mills have remained mostly nonplussed following the frantic and frenzied performance of New York cotton futures (ICE) because it is not only the ethereal hei
Published 11 Mar, 2011 12:00am
Prices ease in small transaction on cotton market

Prices ease in small transaction on cotton market

Prices eased on Thursday as mills and spinners remained sidelined as prices are not matching with their psychological levels, dealers said on the cotton market. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 13000, they said.
Published 11 Mar, 2011 12:00am
Oil cake market rates

Oil cake market rates

The March vaida was up while the May contract was unchanged on the forward cottonseed oilcake market on Thursday in proceess of trading, dealers said. The March vaida that had closed at Rs 1244.80 opened with a gain of 70 paisa at Rs 1245.50. The May cont
Published 11 Mar, 2011 12:00am
Nato delays any 'no-fly zone'

Nato delays any 'no-fly zone'

Libyan leader Muammar Qadhafi is ready to unleash the full might of his forces to crush a three-week-old insurrection, his son said on Thursday as warplanes and tanks struck at the country's rebel-controlled east. "It's time for liberation. It's time for
Published 11 Mar, 2011 12:00am
US wheat futures hover near three-month lows

US wheat futures hover near three-month lows

US wheat futures edged lower on Thursday to stay near three-month lows, cooled by caution ahead of closely watched US government estimates and prevailing bearish sentiment in grain markets. US soybean and corn futures also extended losses, dampened by the
Published 11 Mar, 2011 12:00am
Nato delays any 'no-fly zone'

Nato delays any 'no-fly zone'

Libyan leader Muammar Qadhafi is ready to unleash the full might of his forces to crush a three-week-old insurrection, his son said on Thursday as warplanes and tanks struck at the country's rebel-controlled east. "It's time for liberation. It's time for
Published 11 Mar, 2011 12:00am
China's January-February soyabean imports up 6.1 percent

China's January-February soyabean imports up 6.1 percent

China, the world's top soya buyer, imported 7.45 million tonnes of the oilseed in the first two months of the year, up 6.1 percent from the year-ago period, official Customs figures showed on Thursday. Imports in February were 2.32 million tonnes, Customs
Published 11 Mar, 2011 12:00am
Gulf states launch $20 billion fund for Oman and Bahrain

Gulf states launch $20 billion fund for Oman and Bahrain

Gulf Arab oil producers launched on Thursday a $20 billion aid package for Bahrain and Oman, both of which are facing anti-government protests inspired by uprisings across the Arab world. The job-generating measure, which will give $10 billion to each cou
Published 11 Mar, 2011 12:00am
Masoor dal Canada down on grain market

Masoor dal Canada down on grain market

Thin activity was again witnessed on the wholesale grain market on Thursday in process of trading, dealers said. On the cereal side masoor Canada low type shed Rs 200 to Rs 6300 and best type shed Rs 100 to Rs 6500, masoor dal Canada inferior type lost Rs
Published 11 Mar, 2011 12:00am
Gulf states launch $20 billion fund for Oman and Bahrain

Gulf states launch $20 billion fund for Oman and Bahrain

Gulf Arab oil producers launched on Thursday a $20 billion aid package for Bahrain and Oman, both of which are facing anti-government protests inspired by uprisings across the Arab world. The job-generating measure, which will give $10 billion to each cou
Published 11 Mar, 2011 12:00am
Gulf states launch $20 billion fund for Oman and Bahrain

Gulf states launch $20 billion fund for Oman and Bahrain

Gulf Arab oil producers launched on Thursday a $20 billion aid package for Bahrain and Oman, both of which are facing anti-government protests inspired by uprisings across the Arab world. The job-generating measure, which will give $10 billion to each cou
Published 11 Mar, 2011 12:00am
HRW wheat bids steady

HRW wheat bids steady

Hard red winter wheat basis bids in the US Plains were steady on Thursday in a mostly quiet market. Snowfall in western areas slowed some rail transportation, but was welcomed by farmers in that area whose fields were suffering drought stress. Kansas City
Published 11 Mar, 2011 12:00am
Arab unrest: perspectives -X

Arab unrest: perspectives -X

If the first two words of Frank Schoenberner's quote "his rebellion is the bitter, sardonic laughter of all great satirists" are replaced with "Qadhafi's" and "defiance", respectively, whatever emerges can be termed a highly interesting remark on the foll
Published 11 Mar, 2011 12:00am
India scores biggest corn sale to Indonesia

India scores biggest corn sale to Indonesia

India has sold around 100,000 tonnes of corn to Indonesia in recent deals, which traders said were the biggest sales to the Southeast Asian nation from India in at least two years. "Indonesia is hot at the moment, there is good demand for Indian corn," sa
Published 11 Mar, 2011 12:00am
Arab unrest: perspectives -X

Arab unrest: perspectives -X

If the two first words of Frank Schoenberner's quote "his rebellion is the bitter, sardonic laughter of all great satirists" are replaced with "Qadhafi's" and "defiance", respectively, whatever emerges can be termed a highly interesting remark on the foll
Published 11 Mar, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 85,625 tonnes of cargo including 41,325 tonnes of import cargo, 44,300 tonnes of export cargo and 4,142 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 41,325 tonnes compri
Published 11 Mar, 2011 12:00am
Trade deficit: Pakistan conveys concerns to China

Trade deficit: Pakistan conveys concerns to China

Pakistan has conveyed serious concerns to China over growing trade deficit after the commencement of Free Trade Agreement (FTA) and pressed for substantial changes in the pact. This is the crux of second round of two-day negotiations on FTA that commenced
Published 11 Mar, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 11 Mar, 2011 12:00am
Trade deficit: Pakistan conveys concerns to China

Trade deficit: Pakistan conveys concerns to China

Pakistan has conveyed serious concerns to China over growing trade deficit after the commencement of Free Trade Agreement (FTA) and pressed for substantial changes in the pact. This is the crux of second round of two-day negotiations on FTA that commenced
Published 11 Mar, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 11 Mar, 2011 12:00am
Trade deficit: Pakistan conveys concerns to China

Trade deficit: Pakistan conveys concerns to China

Pakistan has conveyed serious concerns to China over growing trade deficit after the commencement of Free Trade Agreement (FTA) and pressed for substantial changes in the pact. This is the crux of second round of two-day negotiations on FTA that commenced
Published 11 Mar, 2011 12:00am
OGDCL may lose Jakhro field

OGDCL may lose Jakhro field

The Oil and Gas Development Company Limited (OGDCL) is expected to lose Jakhro field with oil and gas reserves worth millions of dollars as the Sindh government is reportedly making a bid for the field declared dormant by OGDCL. Sources told Business R
Published 11 Mar, 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 11 Mar, 2011 12:00am
OGDCL may lose Jakhro field

OGDCL may lose Jakhro field

The Oil and Gas Development Company Limited (OGDCL) is expected to lose Jakhro field with oil and gas reserves worth millions of dollars as the Sindh government is reportedly making a bid for the field declared dormant by OGDCL. Sources told Business R
Published 11 Mar, 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 Commi
Published 11 Mar, 2011 12:00am
OGDCL may lose Jakhro field

OGDCL may lose Jakhro field

The Oil and Gas Development Company Limited (OGDCL) is expected to lose Jakhro field with oil and gas reserves worth millions of dollars as the Sindh government is reportedly making a bid for the field declared dormant by OGDCL. Sources told Business R
Published 11 Mar, 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 Thursday (March 10, 2011).

Published 11 Mar, 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 Thursday (March 10, 2011).

Published 11 Mar, 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 Thursday (March 10, 2011).

Published 11 Mar, 2011 12:00am
EDB CEO being pressurised to appoint managers

EDB CEO being pressurised to appoint managers

Prime Minister Secretariat and Ministry of Industries and Production (MoI&P) are reportedly pressurising the Chief Executive Officer (CEO) of the Engineering Development Board (EDB) to select/appoint their nominees as managers and assistant managers, well
Published 11 Mar, 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 Thursday (March 10, 2011).

Published 11 Mar, 2011 12:00am
EDB CEO being pressurised to appoint managers

EDB CEO being pressurised to appoint managers

Prime Minister Secretariat and Ministry of Industries and Production (MoI&P) are reportedly pressurising the Chief Executive Officer (CEO) of the Engineering Development Board (EDB) to select/appoint their nominees as managers and assistant managers, well
Published 11 Mar, 2011 12:00am
EDB CEO being pressurised to appoint managers

EDB CEO being pressurised to appoint managers

Prime Minister Secretariat and Ministry of Industries and Production (MoI&P) are reportedly pressurising the Chief Executive Officer (CEO) of the Engineering Development Board (EDB) to select/appoint their nominees as managers and assistant managers, well
Published 11 Mar, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 10, 2011).
Published 11 Mar, 2011 12:00am
Used cars import: FBR urged to increase depreciation

Used cars import: FBR urged to increase depreciation

The Ministry of Commerce has requested the Federal Board of Revenue (FBR) to increase depreciation on used imported cars by 10 per cent in accordance with the decision taken by the Economic Co-ordination Committee (ECC), sources told Business Recorder
Published 11 Mar, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 10, 2011).

Published 11 Mar, 2011 12:00am
Used cars import: FBR urged to increase depreciation

Used cars import: FBR urged to increase depreciation

The Ministry of Commerce has requested the Federal Board of Revenue (FBR) to increase depreciation on used imported cars by 10 per cent in accordance with the decision taken by the Economic Co-ordination Committee (ECC), sources told Business Recorder
Published 11 Mar, 2011 12:00am
Used cars import: FBR urged to increase depreciation

Used cars import: FBR urged to increase depreciation

The Ministry of Commerce has requested the Federal Board of Revenue (FBR) to increase depreciation on used imported cars by 10 per cent in accordance with the decision taken by the Economic Co-ordination Committee (ECC), sources told Business Recorder
Published 11 Mar, 2011 12:00am
Index loses 2.36 points

Index loses 2.36 points

After witnessing a mixed trend on Thursday, the KSE-100 index closed at 12,125.79 points, 2.36 points lower than the previous day's closing of 12,128.15 points. Although the market opened on a strong positive note and the index hit 12,210.85 points intra-
Published 11 Mar, 2011 12:00am
Index loses 2.36 points

Index loses 2.36 points

After witnessing a mixed trend on Thursday, the KSE-100 index closed at 12,125.79 points, 2.36 points lower than the previous day's closing of 12,128.15 points. Although the market opened on a strong positive note and the index hit 12,210.85 points intra-
Published 11 Mar, 2011 12:00am
Index loses 2.36 points

Index loses 2.36 points

After witnessing a mixed trend on Thursday, the KSE-100 index closed at 12,125.79 points, 2.36 points lower than the previous day''s closing of 12,128.15 points. Although the market opened on a strong positive note and the index hit 12,210.85 points intra
Published 11 Mar, 2011 12:00am
BRIndex30 down 15.7 points

BRIndex30 down 15.7 points

On Thursday, BRIndex30 opened at 8,911.80. It touched an intraday high of 8,987.17 and an intraday low of 8,881.79 and closed at 8,896.10 which was -15.7 points or 0.18 percent lower than previous close. Total volume was 73,108,275, which was 70.93 percen
Published 11 Mar, 2011 12:00am
BRIndex30 down 15.7 points

BRIndex30 down 15.7 points

On Thursday, BRIndex30 opened at 8,911.80. It touched an intraday high of 8,987.17 and an intraday low of 8,881.79 and closed at 8,896.10 which was -15.7 points or 0.18 percent lower than previous close. Total volume was 73,108,275, which was 70.93 percen
Published 11 Mar, 2011 12:00am
US Muslim lawmaker weeps during testimony

US Muslim lawmaker weeps during testimony

Representative Keith Ellison, the first Muslim elected to the US Congress, broke down in tears Thursday while offering emotional testimony in a controversial hearing on home-grown Islamic terrorism.
Published 11 Mar, 2011 12:00am
US Muslim lawmaker weeps during testimony

US Muslim lawmaker weeps during testimony

Representative Keith Ellison, the first Muslim elected to the US Congress, broke down in tears Thursday while offering emotional testimony in a controversial hearing on home-grown Islamic terrorism.
Published 11 Mar, 2011 12:00am
Remittances rise to $6.96 billion in July-February

Remittances rise to $6.96 billion in July-February

Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $6.963 billion has been received in the first eight months (July-February) of the current fiscal year 2010-11, showing an increase of $1.176 billion or 20.32 per
Published 11 Mar, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (March 10, 2011).

Published 11 Mar, 2011 12:00am
Remittances rise to $6.96 billion in July-February

Remittances rise to $6.96 billion in July-February

Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $6.963 billion has been received in the first eight months (July-February) of the current fiscal year 2010-11, showing an increase of $1.176 billion or 20.32 per
Published 11 Mar, 2011 12:00am
Remittances rise to $6.96 billion in July-February

Remittances rise to $6.96 billion in July-February

Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $6.963 billion has been received in the first eight months (July-February) of the current fiscal year 2010-11, showing an increase of $1.176 billion or 20.32 per
Published 11 Mar, 2011 12:00am
Sindh likely to ban wheat from Punjab

Sindh likely to ban wheat from Punjab

Sindh may impose an inter-provincial ban on the import of wheat from Punjab within the next 2-3 days, official sources told Business Recorder here on Thursday.
Published 11 Mar, 2011 12:00am
Sindh likely to ban wheat from Punjab

Sindh likely to ban wheat from Punjab

Sindh may impose an inter-provincial ban on the import of wheat from Punjab within the next 2-3 days, official sources told Business Recorder here on Thursday.
Published 11 Mar, 2011 12:00am
Previous Day