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Archive - 2011-05-03
Soy down 8-10 cents
Commodities

Soy down 8-10 cents

CHICAGO: Soybean futures at the Chicago Board of Trade are expected to open 8 to 10 cents a bushel lower on Tuesday, unc
Published 03 May, 2011 04:57pm
Kerry to visit Afghanistan
Top News

Kerry to visit Afghanistan

WASHINGTON: Senior US Senator John Kerry said Tuesday he would travel to Afghanistan in mid-May to weigh the effects of
Published 03 May, 2011 04:14pm
European stocks end mixed
Financial

European stocks end mixed

LONDON: Europe's main stock markets ended mixed on Tuesday, with London's FTSE 100 index of leading shares climbing 0
Published 03 May, 2011 03:58pm
CPI increases by 1.62 percent
Top News

CPI increases by 1.62 percent

ISLAMABAD: The monthly Consumer Price Index (CPI) during the month of April registered increase of 1.62 percent as compa
Published 03 May, 2011 02:06pm
KSE down by 284.84 points
Top News

KSE down by 284.84 points

KARACHI: Karachi stocks ended almost 2.4 percent lower on Wednesday amid concerns that the killing of Osama bin Laden th
Published 03 May, 2011 01:52pm
KSE end lower; rupee firms
Markets

KSE end lower; rupee firms

KARACHI: Karachi Stock Exchange (KSE) stocks edged lower on Tuesday in thin trade, on fears of increased sectarian viole
Published 03 May, 2011 12:15pm
Dollar rises versus euro
Financial

Dollar rises versus euro

LONDON: The dollar recovered further against the euro on Tuesday as London investors reacted for the first time to the d
Published 03 May, 2011 12:03pm
Oil eases in Asian trade
Energy

Oil eases in Asian trade

SINGAPORE: Oil eased in Asian trade Tuesday as traders digested news of Osama bin Laden's death, but prices look set to
Published 03 May, 2011 08:48am
Economy after Osama
BR Research

Economy after Osama

Osama bin Laden, the guy who contributed to - and also hurt - Pakistans economy the most in the last decade, exists no more. Arguably, wit
Published 03 May, 2011 12:00am
Meezan Bank Ltd
BR Research

Meezan Bank Ltd

Driven by higher income from core banking operations, Meezan Bank Ltd, the countrys leading Islamic bank, posted a healthy jump in the first
Published 03 May, 2011 12:00am
NetSol keeps the margins intact
BR Research

NetSol keeps the margins intact

While FY10 was the year when NetSol Technologies Ltd. (NetSol) bounced back on the heels of extraordinary export sales, financial results fo
Published 03 May, 2011 12:00am
US's bin Laden coup won't end Afghan, Pakistan woes

US's bin Laden coup won't end Afghan, Pakistan woes

Osama bin Laden's death was cheered by scores of Americans, but his demise is unlikely to mend the US administration's severely frayed ties with Islamabad or ease fierce fighting in Afghanistan. US President Barack Obama announced late on Sunday that the
Published 03 May, 2011 12:00am
Senior official in ISI confirms Osama killed

Senior official in ISI confirms Osama killed

Osama bin Laden, the mastermind of the September 11, 2001 attacks that killed almost 3,000 people and put the United States on a decade-long war footing, was killed late Sunday night in Abbotabad by a joint American and Pakistani team, senior security off
Published 03 May, 2011 12:00am
Image of dead bin Laden fake

Image of dead bin Laden fake

Television stations on Monday withdrew an image broadcast of the purported body of Osama bin Laden after his killing not far from Islamabad overnight, saying the picture was a fake. Several private channels showed what they called an "unverified" picture
Published 03 May, 2011 12:00am
Operation challenged in LHC

Operation challenged in LHC

A petition has been filed before the Lahore High Court (LHC) seeking directions for federal government not to hand over body of Osama bin Laden to US authorities. The petitioner Barrister Javed Iqbal Jaffrey also challenged US military operation on Pakist
Published 03 May, 2011 12:00am
Militants vow Osama death will not mute Jihad call

Militants vow Osama death will not mute Jihad call

Members of militant forums vowed on Monday to avenge the US killing of Osama bin Laden, while others prayed the news was not true. President Barack Obama announced US forces had killed bin Laden in a raid on his hideout in Pakistan after a nearly 10-year
Published 03 May, 2011 12:00am
Security on high alert after Osama's killing

Security on high alert after Osama's killing

Security has been put on high alert in Islamabad and other parts of the country in wake of any possible backlash from Tehrik Taliban Pakistan and al Qaeda following the killing of Osama bin Laden, security officials said. Pakistan Army and Rangers were de
Published 03 May, 2011 12:00am
Arab, American Muslims celebrate Osama's death

Arab, American Muslims celebrate Osama's death

Arab and Muslim Americans celebrated the death of Osama bin Laden as 'justice served" Monday, but expressed fears of possible retributions by al Qaeda and said the scars remain. A crowd gathered outside the Dearborn city hall shortly after the news was an
Published 03 May, 2011 12:00am
68 killed in Southern Sudan cattle raids

68 killed in Southern Sudan cattle raids

Nearly 70 people were killed in a weeklong cattle raiding conflict between two rival tribes in Southern Sudan last week, officials said Monday. The cattle raid happened near water points in Jonglei state when ethnic Nuer tribesmen allegedly attacked the a
Published 03 May, 2011 12:00am
US judge delays Michael Jackson doctor trial

US judge delays Michael Jackson doctor trial

A judge Monday postponed the trial of Michael Jackson's personal doctor on manslaughter charges until September, days before it was due to start in Los Angeles. The ruling came after attorneys for Conrad Murray called for a new delay in his trial over the
Published 03 May, 2011 12:00am
Australian forces to remain in Afghanistan

Australian forces to remain in Afghanistan

Australia says the death of Osama bin Laden will not speed up the withdrawal of its forces from Afghanistan. Foreign Minister Kevin Rudd said Monday that Australian forces deployed in the southern province of Uruzgan will "stay the course until our missio
Published 03 May, 2011 12:00am
Karzai urges Taliban to stop fighting

Karzai urges Taliban to stop fighting

Afghan president Hamid Karzai urged the Taliban Monday to lay down their weapons and stop fighting his US-backed government, telling them to take heed from Osama bin Laden who "paid for his deeds". Karzai insisted bin Laden's death in Pakistan "proved" th
Published 03 May, 2011 12:00am
Iran warns of Bahrain regional 'repercussions'

Iran warns of Bahrain regional 'repercussions'

Iran's foreign minister warned Monday of "bad repercussions" from the situation in Bahrain where authorities are accused of oppressing the Shia majority after crushing a month-old protest. Ali Akbar Salehi also renewed Tehran's strong criticism of Gulf co
Published 03 May, 2011 12:00am
Leading activist held in Syrian roundup

Leading activist held in Syrian roundup

Security forces on Monday rounded up hundreds of pro-democracy sympathisers, including prominent human rights campaigner Diana Jawabra for the second time during Syria's uprising, witnesses said. The arrests came in the wake of the shelling of Deraa, crad
Published 03 May, 2011 12:00am
Yemen protesters urged not to raise Osama banners

Yemen protesters urged not to raise Osama banners

Yemeni activists urged street protesters on Monday not to raise banners of Osama bin Laden to avoid triggering a harsher crackdown on demonstrations seeking democratic change in the al Qaeda leader's ancestral homeland. Bin Laden was killed in a firefight
Published 03 May, 2011 12:00am
Scores arrested as Maldives rocked by unrest

Scores arrested as Maldives rocked by unrest

Hundreds of Maldivians took the streets on Monday demanding reforms, after violent weekend demonstrations injured scores and led to the arrest of 52 people, police said. Protesters, led by former President Maumoon Abdul Gayoom's Dhivehi Raiyyithunge Party
Published 03 May, 2011 12:00am
Qadhafi son mourned, Nato hits Misrata outskirts

Qadhafi son mourned, Nato hits Misrata outskirts

Crowds chanting support for Muammar Qadhafi gathered in Tripoli on Monday for the funeral of his son, killed in a Nato airstrike that has raised questions about the West's role in the uprising against the Libyan leader.
Published 03 May, 2011 12:00am
UAE targets teachers in crackdown on reform camp

UAE targets teachers in crackdown on reform camp

An activist in the United Arab Emirates says authorities cracking down on a small reform movement have dissolved the board of a teachers association after its members signed a petition calling for an elected parliament.
Published 03 May, 2011 12:00am
Obama honours 2 Army privates killed in Korean War

Obama honours 2 Army privates killed in Korean War

President Barack Obama has bestowed the nation's highest military honour on two Army privates killed during the Korean War. Obama awarded the Medal of Honour to Anthony T. Kaho'ohanohano of Hawaii and Henry Svehla of New Jersey during a sombre ceremony Mo
Published 03 May, 2011 12:00am
I Coast's Gbagbo urges supporters to seek peace

I Coast's Gbagbo urges supporters to seek peace

Ivory Coast's deposed former leader Laurent Gbagbo urged supporters on Monday to drop political quarrels for now and help the West African country revive its economy in peace. Gbagbo was ousted from power on April 11 by forces loyal to his successor Alass
Published 03 May, 2011 12:00am
Younis and Umar Gul recalled for Test matches

Younis and Umar Gul recalled for Test matches

Pakistan have recalled former captain Younis Khan and pace bowler Umar Gul for the two-Test series against West Indies this month. Younis and Gul were dropped for the One-day series in West Indies after the World Cup. Senior batsman Misbah-ul-Haq will cap
Published 03 May, 2011 12:00am
Imran calls on ICC to step up corruption fight

Imran calls on ICC to step up corruption fight

Former Pakistan captain Imran Khan has called on the International Cricket Council (ICC) to intensify efforts to stamp out corruption in the sport. The cricketer turned politician told reporters during a visit to the Moin Khan cricket academy the ICC's an
Published 03 May, 2011 12:00am
Tendulkar and Rayudu star in Mumbai win

Tendulkar and Rayudu star in Mumbai win

Sachin Tendulkar and Ambati Rayudu hit impressive half-centuries to set up Mumbai Indians' 23-run win over Kings XI Punjab in an Indian Prremier League match on Monday Skipper Tendulkar and Rayudu each made 51 as Mumbai scored 159-5 before stopping Punjab
Published 03 May, 2011 12:00am
Sri Lanka orders probe into match-fixing

Sri Lanka orders probe into match-fixing

Sri Lanka's sports minister on Monday ordered a police inquiry into match-fixing allegations levelled by former international captain Hashan Tillakaratne. Tillakaratne, who played 83 Tests and 200 one-dayers during a 15-year career, said last week that Sr
Published 03 May, 2011 12:00am
Li, Sharapova win in Madrid Masters

Li, Sharapova win in Madrid Masters

China's Li Na survived a late fightback from Spain's Maria Martinez Sanchez on Monday as the Asian ace moved into the second round of the ATP-WTA Madrid Masters 6-4, 7-6 (8/6). Li, who ended a five-match losing streak only days ago in Stuttgart, was comfo
Published 03 May, 2011 12:00am
UEFA throws out Real Madrid, Barca protests

UEFA throws out Real Madrid, Barca protests

UEFA has thrown out protests made by Real Madrid and Barcelona against each other following their ill-tempered Champions League semi-final first leg last week. Real Madrid had protested against diving and play-acting by Barcelona players who in turn compl
Published 03 May, 2011 12:00am
Swiss franc lower

Swiss franc lower

The Swiss franc came off all-time highs against the dollar on Monday as the greenback clawed back ground on news a US-led operation had killed al Qaeda leader Osama bin Laden, spurring short covering of the dollar. The franc was 0.4 percent lower against
Published 03 May, 2011 12:00am
Australian off peak, New Zealand dollar rises

Australian off peak, New Zealand dollar rises

The Australian dollar broke past $1.1000 on Monday for the first time since early 1982, before taking a modest breather on news of Osama bin Laden's death. The New Zealand dollar hovered just under last week's three-year highs. The US dollar nudged higher
Published 03 May, 2011 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee weakened on Monday as losses in local shares and strong demand for the dollar from oil importers outweighed a rebound in the euro against the greenback. The partially convertible rupee closed at 44.33/34 per dollar, 0.3 percent weaker tha
Published 03 May, 2011 12:00am
Money markets: strong demand for US bill auctions

Money markets: strong demand for US bill auctions

US sales of three- and six-month bills on Monday drew strong demand, evidence that investors expect short-term US interest rates to remain exceptionally low for at least the next half year. Short-term rates have been anchored by the Federal Reserve's near
Published 03 May, 2011 12:00am
Dollar's gains fizzle in London

Dollar's gains fizzle in London

The dollar trimmed gains on Monday as investors said Osama bin Laden's death would do little to repair negative sentiment for the dollar, which has been stung by prospects that US interest rates will stay low. The euro recouped earlier losses versus the d
Published 03 May, 2011 12:00am
Early trade in New York: dollar falls to three-year low

Early trade in New York: dollar falls to three-year low

The US dollar fell to a three-year low against major currencies on Monday, and expectations the Federal Reserve will keep monetary policy loose even as interest rates are rising elsewhere raised the prospect of further weakening. The euro climbed to a 17-
Published 03 May, 2011 12:00am
Dollar rebounds in Asia

Dollar rebounds in Asia

The US dollar rebounded from a three-year low against a basket of currencies on Monday as news that a US-led operation had killed al Qaeda leader Osama bin Laden prompted short-covering in a heavily-sold greenback, though traders think any impact will be
Published 03 May, 2011 12:00am
Won leaps on record April exports

Won leaps on record April exports

The South Korean won spiked against the dollar on Monday, with record exports in April and persistently high inflation cementing expectations for the local currency's advance, despite smoothing operations by the authorities to curb its rapid gains. News o
Published 03 May, 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 Monday. 72.94/73.00 (previous 72.89/72.98). Call Money Rates: 4.00-8.50 percent (previous 5.00-7.00 percent).
Published 03 May, 2011 12:00am
Nikkei ends above 10,000 for first since quake

Nikkei ends above 10,000 for first since quake

Japan's Nikkei stock average on Monday closed above the closely watched 10,000 mark for the first time since the March 11 earthquake on optimism that Wall Street shares would rally after US officials said al Qaeda leader Osama bin Laden had been killed.
Published 03 May, 2011 12:00am
European stocks edge up

European stocks edge up

European shares made slight gains in thin holiday trade on Monday, as merger deals and news of Osama bin Laden's death helped push the market to a two-month closing high. Shares in Demag Cranes rose 24 percent after US construction machinery maker Terex C
Published 03 May, 2011 12:00am
Australian shares pare losses

Australian shares pare losses

Australian shares added two points in a volatile session on Monday, rebounding from a one-month low as US equity futures rose on news al Qaeda leader Osama Bin Laden is dead and his body has been recovered by US authorities. Oil prices fell by 1 percent o
Published 03 May, 2011 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares rose on Monday as techs including Samsung Electronics rebounded from recent losses and transporters like Korean Air Line rallied following news of al Qaeda leader Osama bin Laden's death. The Korea Composite Stock Price Index finished up 1.67
Published 03 May, 2011 12:00am
TSX rallies to three-week high

TSX rallies to three-week high

Toronto's main stock index hit a three-week high on Monday, influenced by a turnaround in energy prices and buoyed by news that al Qaeda leader Osama bin Laden had been killed. The heavily weighted energy sector gained more than 1 percent, led by Suncor E
Published 03 May, 2011 12:00am
UK, China and HK markets closed

UK, China and HK markets closed

China, Hong Kong and UK's stock, money, foreign exchange and commodities futures markets are closed on Monday for a public holiday. Trading will resume on Tuesday, May 3. Moreover, there will be no Southeast Asia stocks report on Monday, May 2 due to the
Published 03 May, 2011 12:00am
Buffett gets mostly good marks for Sokol reaction

Buffett gets mostly good marks for Sokol reaction

Warren Buffett did his best this weekend to distance himself and the company he has run since 1965 from a stock-trading scandal, and to ease some of the pressure on his company's shares. But even though investors may feel a little better about the David S
Published 03 May, 2011 12:00am
Monday's late morning trade: US indices erase gains

Monday's late morning trade: US indices erase gains

US stocks erased gains and were little changed on Monday as the killing of al Qaeda leader Osama bin Laden was seen as only temporarily easing geopolitical tensions. The CBOE Volatility Index, Wall Street's so-called fear gauge, rose more than 5 percent a
Published 03 May, 2011 12:00am
Indian shares falls

Indian shares falls

Indian shares dropped for the sixth straight session on Monday, with banking stocks leading the losses, as investors braced for another round of interest rate hike at the central bank's annual policy statement on Tuesday. Top lender State Bank of India fe
Published 03 May, 2011 12:00am
Turkish stocks, bond yields modestly up

Turkish stocks, bond yields modestly up

The Turkish lira was slightly lower and bond yields were up a little in low volumes on Monday, with investors focused on Tuesday's April inflation data while global sentiment benefited from news of the killing of Osama bin Laden. The lira was modestly dow
Published 03 May, 2011 12:00am
US, China factories slow; Europe, India boom

US, China factories slow; Europe, India boom

Manufacturing growth in the world's two biggest economies softened in March but firmed in Europe and India, according to reports highlighting the fractured nature of the global economic recovery. The United States and China both saw a tempering of factory
Published 03 May, 2011 12:00am
India's exports surge to record growth

India's exports surge to record growth

India's exports surged to record high growth of 37.6 percent in the fiscal year 2010/11, the government said in a statement on Monday, as demand soared for engineering goods, oil products and gems manufactured in Asia's third-largest economy.
Published 03 May, 2011 12:00am
Bangladesh's Grameenphone posts 21 percent revenue growth

Bangladesh's Grameenphone posts 21 percent revenue growth

Bang-ladesh's top mobile phone operator Grameenphone has earned overall revenue worth more than $283 million in the first quarter of 2011, up 21.3 percent from the same period of last year, a company statement said on Monday. "The growth was mainly from v
Published 03 May, 2011 12:00am
WTO to gain new member Vanuatu amid turmoil

WTO to gain new member Vanuatu amid turmoil

The chief of the World Trade Organisation (WTO), Pascal Lamy, hailed on Monday the impending accession of small Pacific island state Vanuatu as a sign of confidence in the body at a time of turbulence. Lamy, who said last week that the WTO's Doha round of
Published 03 May, 2011 12:00am
India clears $12 billion South Korean steel plant

India clears $12 billion South Korean steel plant

India on Monday gave final clearance to South Korean giant POSCO's proposed $12 billion steel plant in a deal seen as a test of the country's openness to foreign investment. The plant - one of India's biggest foreign projects since the launch of market re
Published 03 May, 2011 12:00am
Japan passes quake relief budget, more spending to follow

Japan passes quake relief budget, more spending to follow

Japan's parliament on Monday passed a $50 billion emergency budget for disaster relief after the March 11 earthquake and tsunami, a downpayment on what is set to be country's biggest public works effort in six decades. The overall cost of damage caused by
Published 03 May, 2011 12:00am
March wages fall first time in 13 months

March wages fall first time in 13 months

Japanese wage earners' total cash earnings fell 0.4 percent in March from a year earlier, down for the first time in 13 months, government data showed on Monday, after Japan's triple disaster of earthquake, tsunami and nuclear crisis hurt jobs and income.
Published 03 May, 2011 12:00am
Chrysler reports first net profit since 2009

Chrysler reports first net profit since 2009

Chrysler Group LLC reported its first quarterly net profit since emerging from bankruptcy nearly two years ago, helped by a revamped line-up of cars and trucks as well as higher vehicle prices. Chrysler's first-quarter net income came to $116 million, com
Published 03 May, 2011 12:00am
Chrysler reports first net profit since 2009

Chrysler reports first net profit since 2009

Chrysler Group LLC reported its first quarterly net profit since emerging from bankruptcy nearly two years ago, helped by a revamped line-up of cars and trucks as well as higher vehicle prices. Chrysler's first-quarter net income came to $116 million, com
Published 03 May, 2011 12:00am
Sony freebies help soothe anger at data breach

Sony freebies help soothe anger at data breach

Sony Corp has won over some gamers by offering free access to its PlayStation Network to compensate for the leak of personal details on 78 million user accounts, but still has some way to go to regain the trust of consumers. Many PlayStation users around
Published 03 May, 2011 12:00am
How US trying to wean China off Iranian oil

How US trying to wean China off Iranian oil

The United States collaborated with Saudi Arabia to increase crude oil supplies to China at the expense of Iran, US diplomatic cables show. The move was designed to hurt Iran and win Beijing's support for sanctions against Tehran over its nuclear programm
Published 03 May, 2011 12:00am
US small business borrowing cools

US small business borrowing cools

Borrowing by small US businesses rose in March, data released by PayNet Inc on Monday showed, but at a slower pace than in recent months as the US recovery cools. The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume o
Published 03 May, 2011 12:00am
Swaps players beg US regulators for clarity

Swaps players beg US regulators for clarity

Wall Street banks and major market players said they are equipped to comply with derivatives reforms, but accused US regulators of dragging their feet on clarifying how and when they will go into effect. Regulators have released dozens of proposals to ref
Published 03 May, 2011 12:00am
BlackBerry Bold smartphone launched

BlackBerry Bold smartphone launched

Research In Motion showed off a new version of its BlackBerry Bold smartphone with an upgraded version of its software on Monday, seeking to regain its stride after a profit warning. RIM also said that it will offer to manage devices using software from A
Published 03 May, 2011 12:00am
German 2010-11 sugar output falls

German 2010-11 sugar output falls

Germany produced 3.442 million tonnes of refined sugar in the 2010-11 season which has just ended, down from 4.207 million tonnes in 2009/10, the association of German sugar producers WVZ said on Monday. A fall had been expected because of poor weather wh
Published 03 May, 2011 12:00am
US Corn and wheat futures fall one percent

US Corn and wheat futures fall one percent

Chicago corn and wheat futures fell about 1 percent on Monday after news of the death of al Qaeda leader Osama bin Laden prompted a broad-based sell-off on commodity markets. Corn came under additional pressure from forecasts of improved weather in the US
Published 03 May, 2011 12:00am
India's October-April sugar output up 24 percent

India's October-April sugar output up 24 percent

India's sugar mills have produced 22.6 million tonnes of the sweetener since the season began on October 1, up 24 percent from 18.2 million tonnes a year earlier, industry sources said on Monday. India, the world's top sugar consumer and the biggest produ
Published 03 May, 2011 12:00am
Lebanon tenders to buy 50,000 tonnes of wheat

Lebanon tenders to buy 50,000 tonnes of wheat

The Lebanese government's purchasing agency has issued a tender to buy 50,000 tonnes of milling wheat, European traders said on Monday. Some 25,000 tonnes was for arrival by May 30 and 25,000 tonnes was for arrival by June 20. The bid deadline is on Wedne
Published 03 May, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 350,421 tonnes of cargo including 247,598 tonnes of import cargo, 102,823 tonnes of export cargo and 4,369 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 247,598 tonnes comp
Published 03 May, 2011 12:00am
Indonesia's Sulawesi April cocoa exports slump 76 percent

Indonesia's Sulawesi April cocoa exports slump 76 percent

Indonesia's cocoa bean exports from the key-producing island of Sulawesi slumped 76 percent in April from a year ago to 1,570 tonnes, and cocoa output in the region is expected to fall up to 10 percent this year, an association official said on Monday.
Published 03 May, 2011 12:00am
US Plains HRW wheat bids mostly steady

US Plains HRW wheat bids mostly steady

Hard red winter wheat basis bids were mostly steady on Monday in very light market activity, dealers said. Dealers characterized the market as quiet while monitoring new-crop conditions. Available old crop supply was very light which also kept a lid on tr
Published 03 May, 2011 12:00am
Chemical items mixed on Jodia Bazar

Chemical items mixed on Jodia Bazar

The trading in chemical items closed mixed on Jodia Bazar here on Monday. The following changes were observed.
Published 03 May, 2011 12:00am
Nominal changes on grain market

Nominal changes on grain market

Thin business was seen on the wholesale grain market on Monday as leading participants kept to the sideline due to balanced demand and supply position, dealers said. On the cereals side wheat old Bardan and new both types maintained weekend trend, gaining
Published 03 May, 2011 12:00am
Dullness prevails on cotton market

Dullness prevails on cotton market

Lean business was seen on the cotton market on Monday as most the buyers kept to sideline in expectations of further fall in the rates, dealers said. Karachi Cotton Association (KCA) official spot rate resisted further slide and maintained the weekend lev
Published 03 May, 2011 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was down and July contract was unchanged on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The May vaida that had closed at Rs 1330.80 but commenced with a fall of 20 paisa at Rs 1330.60. The July contra
Published 03 May, 2011 12:00am
FAO sees world rice output to rise to three percent

FAO sees world rice output to rise to three percent

World rice production is expected to rise to 480 million tonnes in 2011, or 3 percent higher than a year earlier, due to improved weather conditions, the United Nations Food and Agriculture Organisation said on Monday. In a report, FAO gave what it called
Published 03 May, 2011 12:00am
Message from President Islamic Republic of Pakistan

Message from President Islamic Republic of Pakistan

May Day today reminds us of the promises made to the workers to improve their lot and bring to an end their exploitation and also review the progress made so far. The PPP has traditionally derived its strength from the labour, the peasants and the daily w
Published 03 May, 2011 12:00am
Message from Prime Minister Islamic Republic of Pakistan

Message from Prime Minister Islamic Republic of Pakistan

We are celebrating May Day with a resolve to reaffirm our commitment to the dignity of labour and to pay tribute to the valiant and heroic struggle of the workers of Chicago who sacrificed their lives for the fundamental rights of their fellow workers.
Published 03 May, 2011 12:00am
Message from Federal Minister for Labour & Manpower

Message from Federal Minister for Labour & Manpower

May Day reminds us of the sacrifices of the Martyrs of Chicago. The workers staged demonstrations against socio-economic exploitation, long working hours and sought provision of fundamental human rights at the workplace. The Pakistan People's Party believ
Published 03 May, 2011 12:00am
Message from Federal Secretary Labour & Manpower

Message from Federal Secretary Labour & Manpower

Labour Day is celebrated across the world every year to commemorate the sacrifices of workers in Chicago and to express solidarity with the worker community, to up hold the dignity of labour and most recently, to ensure implementation of ILO's Decent Work
Published 03 May, 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 03 May, 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 03 May, 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 (May 02, 2011).

Published 03 May, 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 (May 02, 2011).

Published 03 May, 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 (May 02, 2011).

Published 03 May, 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 (May 02, 2011).

Published 03 May, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 02, 2011).
Published 03 May, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (May 02, 2011).

Published 03 May, 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 (May 02, 2011).
Published 03 May, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 May, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 May, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 May, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 May, 2011 12:00am
14 PML-Q ministers, state ministers take oath

14 PML-Q ministers, state ministers take oath

Pakistan Muslim League-Q (PML-Q) on Monday formally joined the Pakistan People's Party-led coalition government, as President Asif Ali Zardari administered oath to 14 PML-Q nominees as federal ministers and ministers of state. Seven PML-Q parliamentarians
Published 03 May, 2011 12:00am
14 PML-Q ministers, state ministers take oath

14 PML-Q ministers, state ministers take oath

Pakistan Muslim League-Q (PML-Q) on Monday formally joined the Pakistan People's Party-led coalition government, as President Asif Ali Zardari administered oath to 14 PML-Q nominees as federal ministers and ministers of state. Seven PML-Q parliamentarians
Published 03 May, 2011 12:00am
FBR freezes bank account of leading telecom company

FBR freezes bank account of leading telecom company

The Federal Board of Revenue (FBR) has frozen the bank account of a leading telecom company on account of non-payment of sales tax and Federal Excise Duty (FED) to the tune of billions of rupees. It has been learnt here on Monday that the action was taken
Published 03 May, 2011 12:00am
FBR freezes bank account of leading telecom company

FBR freezes bank account of leading telecom company

The Federal Board of Revenue (FBR) has frozen the bank account of a leading telecom company on account of non-payment of sales tax and Federal Excise Duty (FED) to the tune of billions of rupees. It has been learnt here on Monday that the action was taken
Published 03 May, 2011 12:00am
FBR freezes bank account of leading telecom company

FBR freezes bank account of leading telecom company

The Federal Board of Revenue (FBR) has frozen the bank account of a leading telecom company on account of non-payment of sales tax and Federal Excise Duty (FED) to the tune of billions of rupees. It has been learnt here on Monday that the action was taken
Published 03 May, 2011 12:00am
'LIQUIDATED'

'LIQUIDATED'

The US Special Forces killed Osama bin Laden leader of al Qaeda in a midnight covert operation carried out in the garrison town, Abbottabad 60-km off Islamabad. Osama was accused of masterminding the 9/11 attack and carried a head money of $50 million. Th
Published 03 May, 2011 12:00am
'LIQUIDATED'

'LIQUIDATED'

The US Special Forces killed Osama bin Laden leader of al Qaeda in a midnight covert operation carried out in the garrison town, Abbottabad 60-km off Islamabad. Osama was accused of masterminding the 9/11 attack and carried a head money of $50 million. Th
Published 03 May, 2011 12:00am
THE RUPEE: dollar lower

THE RUPEE: dollar lower

Steady trend was seen on the currency market on Monday as the rupee managed to recover some ground versus dolalr, dealers said. The rupee rose by 13 paisa versus dollar for buying at 84.55 and it also picked up 10 paisa for selling at 84.60, they said.
Published 03 May, 2011 12:00am
Gilani hails Obama's remarks

Gilani hails Obama's remarks

Prime Minister Syed Yousuf Raza Gilani has expressed his appreciation of President Obama's statement in which he duly acknowledged Pakistan for its support and co-operation leading to the hideout of Osama Bin Laden. The prime minister emphasised the need
Published 03 May, 2011 12:00am
THE RUPEE: dollar lower

THE RUPEE: dollar lower

Steady trend was seen on the currency market on Monday as the rupee managed to recover some ground versus dolalr, dealers said. The rupee rose by 13 paisa versus dollar for buying at 84.55 and it also picked up 10 paisa for selling at 84.60, they said.
Published 03 May, 2011 12:00am
Gilani hails Obama's remarks

Gilani hails Obama's remarks

Prime Minister Syed Yousuf Raza Gilani has expressed his appreciation of President Obama's statement in which he duly acknowledged Pakistan for its support and co-operation leading to the hideout of Osama Bin Laden. The prime minister emphasised the need
Published 03 May, 2011 12:00am
Burials at sea against Islamic rules: scholars

Burials at sea against Islamic rules: scholars

Top Muslim scholars said Islam is opposed to burials at sea like the one Osama bin Laden received on Monday after being shot dead in a US operation in Pakistan. The United States says bin Laden received Muslim religious rites but his body was "eased" into
Published 03 May, 2011 12:00am
Burials at sea against Islamic rules: scholars

Burials at sea against Islamic rules: scholars

Top Muslim scholars said Islam is opposed to burials at sea like the one Osama bin Laden received on Monday after being shot dead in a US operation in Pakistan. The United States says bin Laden received Muslim religious rites but his body was "eased" into
Published 03 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 02, 2011).

Published 03 May, 2011 12:00am
Pakistan under fire on bin Laden, but Obama mum

Pakistan under fire on bin Laden, but Obama mum

Pakistan faced intense scrutiny in Washington Monday after US forces killed Osama bin Laden near Islamabad, but President Barack Obama stopped short of public criticism that could further escalate tensions. US lawmakers demanded to know how the world's mo
Published 03 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 02, 2011).

Published 03 May, 2011 12:00am
Pakistan under fire on bin Laden, but Obama mum

Pakistan under fire on bin Laden, but Obama mum

Pakistan faced intense scrutiny in Washington Monday after US forces killed Osama bin Laden near Islamabad, but President Barack Obama stopped short of public criticism that could further escalate tensions. US lawmakers demanded to know how the world's mo
Published 03 May, 2011 12:00am
DNA tests confirm Osama death: US

DNA tests confirm Osama death: US

DNA tests have confirmed that Osama bin Laden is dead, a senior US official said Monday, a day after a daring raid by US special forces on the al Qaeda leader's compound in Pakistan. The official confirmed on condition of anonymity that a DNA match had be
Published 03 May, 2011 12:00am
DNA tests confirm Osama death: US

DNA tests confirm Osama death: US

DNA tests have confirmed that Osama bin Laden is dead, a senior US official said Monday, a day after a daring raid by US special forces on the al Qaeda leader's compound in Pakistan. The official confirmed on condition of anonymity that a DNA match had be
Published 03 May, 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 23RD APRIL, 2011.

Published 03 May, 2011 12:00am
US knew of Abbottabad lair from 2008: WikiLeaks

US knew of Abbottabad lair from 2008: WikiLeaks

The United States probably knew by 2008 about Osama bin Laden's lair in Abbottabad, according to the anti-secrecy website Wikileaks on Monday, quoting from a leaked US cable. The document contained notes on the interrogation of a Libyan, Abu al-Libi, who
Published 03 May, 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 23RD APRIL, 2011.

Published 03 May, 2011 12:00am
US knew of Abbottabad lair from 2008: WikiLeaks

US knew of Abbottabad lair from 2008: WikiLeaks

The United States probably knew by 2008 about Osama bin Laden's lair in Abbottabad, according to the anti-secrecy website Wikileaks on Monday, quoting from a leaked US cable. The document contained notes on the interrogation of a Libyan, Abu al-Libi, who
Published 03 May, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (May 02, 2011).

Published 03 May, 2011 12:00am
Pakistan kept in the dark

Pakistan kept in the dark

The United States did not notify Pakistani allies about its operation against Osama bin Laden, a senior US administration official said Monday. "We shared this intelligence on the compound with no other country, including Pakistan," the official told repo
Published 03 May, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (May 02, 2011).

Published 03 May, 2011 12:00am
Pakistan kept in the dark

Pakistan kept in the dark

The United States did not notify Pakistani allies about its operation against Osama bin Laden, a senior US administration official said Monday. "We shared this intelligence on the compound with no other country, including Pakistan," the official told repo
Published 03 May, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (May 02, 2011).

Published 03 May, 2011 12:00am
Islamabad vows to continue support against terrorism

Islamabad vows to continue support against terrorism

Pakistan on Monday confirmed the death of al Qaeda leader Osama bin Laden and vowed to continue its support against terrorism, saying the death illustrates the resolve of international community including Pakistan to fight and eliminate terrorism. Osama b
Published 03 May, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (May 02, 2011).

Published 03 May, 2011 12:00am
Islamabad vows to continue support against terrorism

Islamabad vows to continue support against terrorism

Pakistan on Monday confirmed the death of al Qaeda leader Osama bin Laden and vowed to continue its support against terrorism, saying the death illustrates the resolve of international community including Pakistan to fight and eliminate terrorism. Osama b
Published 03 May, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (May 02, 2011).

Published 03 May, 2011 12:00am
Arab unrest: perspectives - XXIII

Arab unrest: perspectives - XXIII

"The first and most obvious reason for his [Osama bin Laden's] popularity is his eloquence, a skill much admired and appreciated in the Arab world since ancient times. Many tales are told of the great orators of the past. But in the modern Arab world ther
Published 03 May, 2011 12:00am
Arab unrest: perspectives - XXIII

Arab unrest: perspectives - XXIII

"The first and most obvious reason for his [Osama bin Laden's] popularity is his eloquence, a skill much admired and appreciated in the Arab world since ancient times. Many tales are told of the great orators of the past. But in the modern Arab world ther
Published 03 May, 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 (May 02, 2011).

Published 03 May, 2011 12:00am
India expresses concern

India expresses concern

India seized on the killing of Osama bin Laden deep inside Pakistan on Monday, saying it showed once again that its long-standing rival remained a haven for militants. New Delhi's stern response came weeks after the leaders of the two sides took steps to
Published 03 May, 2011 12:00am
India expresses concern

India expresses concern

India seized on the killing of Osama bin Laden deep inside Pakistan on Monday, saying it showed once again that its long-standing rival remained a haven for militants. New Delhi's stern response came weeks after the leaders of the two sides took steps to
Published 03 May, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (May 02, 2011).

Published 03 May, 2011 12:00am
LSE index down 34.82 points

LSE index down 34.82 points

Bears dominated the proceedings at Lahore Stock Exchange (LSE) on Monday where equities showed negative signs amid descending transaction volume. The LSE-25 index moved down to 3233.17 points against 3267.99 points of last trading day, showing a decline o
Published 03 May, 2011 12:00am
LSE index down 34.82 points

LSE index down 34.82 points

Bears dominated the proceedings at Lahore Stock Exchange (LSE) on Monday where equities showed negative signs amid descending transaction volume. The LSE-25 index moved down to 3233.17 points against 3267.99 points of last trading day, showing a decline o
Published 03 May, 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 (May 02, 2011).

Published 03 May, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at Islamabad Stock Exchange (ISE) on Monday where investors adopted a cautious approach amid increase in index. ISE-10 Index showed an improvement of 20.01 points from 2,687.52 points to 2,707.53 points. Turnover amounted to 32,07
Published 03 May, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at Islamabad Stock Exchange (ISE) on Monday where investors adopted a cautious approach amid increase in index. ISE-10 Index showed an improvement of 20.01 points from 2,687.52 points to 2,707.53 points. Turnover amounted to 32,07
Published 03 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 02, 2011).

Published 03 May, 2011 12:00am
Jamadi-us-Sani moon not to be sighted today

Jamadi-us-Sani moon not to be sighted today

The new Jamadi-us-Sani moon will not be sighted today (Tuesday) according to astronomical parameters. Therefore, the first of Jamadi-us-Sani, 1432 AH will fall on Thursday. The moon will cross the conjunction line today at 1151 Pakistan Standard Time (PST
Published 03 May, 2011 12:00am
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