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Archive - 2012-02-22
ISE-10 stays bullish
Markets

ISE-10 stays bullish

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed a bullish trend as the index gained 21.64 point
Published 22 Feb, 2012 05:24pm
SBP accepts bids for T-Bills
Top News

SBP accepts bids for T-Bills

KARACHI: State Bank of Pakistan (SBP) on Wednesday accepted bids for three and six months treasury bills, having a total
Published 22 Feb, 2012 05:23pm
LSE witnesses bearish trend
Markets

LSE witnesses bearish trend

LAHORE: The Lahore Stock Exchange on Wednesday witnessed bearish trend with loosing 30.07 points, following the LSE-25 i
Published 22 Feb, 2012 03:44pm
Gold improves to Rs50,442
Markets

Gold improves to Rs50,442

KARACHI: Gold improved by Rs 85 to close at Rs 50,442 per 10 grams in the local market Monday as its international price
Published 22 Feb, 2012 01:56pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: Bullish trend continued at the Karachi share market on Wednesday and the KSE-100 index increased by 59.22 point
Published 22 Feb, 2012 01:00pm
Chicken sold at high price
Markets

Chicken sold at high price

LAHORE: Chicken meat was sold at high price in the Punjab capital on Monday, as one kilogram chicken was available for R
Published 22 Feb, 2012 11:57am
Shabbir Tiles reports profit
Markets

Shabbir Tiles reports profit

KARACHI: Shabbir Tiles & Ceramics Ltd has posted a profit after tax of Rs 34.884 million during the half year ending Dec
Published 22 Feb, 2012 11:51am
PTCL reports lower profit
Markets

PTCL reports lower profit

KARACHI: Pakistan Telecommunication Company Ltd (PTCL) has posted a lower profit after tax of Rs 2.844 billion for the h
Published 22 Feb, 2012 11:46am
Gilts lower after Greek deal
Financial

Gilts lower after Greek deal

LONDON: Gilts edged down early on Wednesday, pressured by cautious optimism after the Greek bailout deal on Tuesday, wit
Published 22 Feb, 2012 09:14am
Ijaz in London to record statement
Top News

Ijaz in London to record statement

KARACHI : Pakistani-American businessman Mansoor Ijaz has begun recording his statement in London, the media reported o
Published 22 Feb, 2012 09:05am
LPG prices down by Rs5
Top News

LPG prices down by Rs5

KARACHI : The government has reduced the price of LPG by RS5, according to the media on Wednesday.
According to medi
Published 22 Feb, 2012 09:03am
CM Sindh calls on Governor
Pakistan

CM Sindh calls on Governor

KARACHI: Provincial Chief Minister, Syed Qaim Ali Shah, called on Sindh Governor, Dr. Ishratul Ebad Khan, at the Governo
Published 22 Feb, 2012 08:27am
Nikkei to highest level in six months
Top News

Nikkei to highest level in six months

TOKYO: Japan's Nikkei share average rose 1 percent on Wednesday to its highest in six months, boosted by news that China
Published 22 Feb, 2012 06:50am
Australia's FM Rudd resigns
Asia

Australia's FM Rudd resigns

SYDNEY: Australian Foreign Minister Kevin Rudd on Wednesday resigned, saying he could not continue without the support o
Published 22 Feb, 2012 06:32am
Euro flat against dollar
Financial

Euro flat against dollar

TOKYO: The euro was flat against the dollar in Asia on Wednesday as enthusiasm over a euro-zone agreement on a bailout f
Published 22 Feb, 2012 06:23am
No break-through on Iran visit: IAEA
Top News

No break-through on Iran visit: IAEA

VIENNA: A visit to Iran by UN inspectors probing Iran's suspected nuclear weapons activities failed to achieve a breakth
Published 22 Feb, 2012 05:46am
China should follow global norms: Lee
Top News

China should follow global norms: Lee

SEOUL: South Korea's President Lee Myung-Bak urged China on Wednesday to handle fugitives from North Korea under interna
Published 22 Feb, 2012 05:22am
Government help sought in resolution of industry-EOBI row

Government help sought in resolution of industry-EOBI row

All seven industrial associations of the city have sought the government intervention to help resolve the dispute between the industrialists and Employees Old Age Benefits Institution (EOBI). The demand was made during an emergency meeting of all seven in
Published 22 Feb, 2012 12:00am
Two injured by landslide in Kati Pahari

Two injured by landslide in Kati Pahari

Two persons were stuck in a land sliding incident in Kati Pahari area here on Tuesday. According to reports, a mud rock slipped from altitude that blocked the road partially and destroyed various houses nearby while two persons got injured.
Published 22 Feb, 2012 12:00am
PSO continues furnace oil supplies to power sector

PSO continues furnace oil supplies to power sector

Despite financial constraints, Pakistan State Oil (PSO), the leading energy company of the nation, continues to fulfil the energy needs of the country in a responsible manner. As of date, PSO is supplying approximately 16,000 MTs of furnace oil per day to
Published 22 Feb, 2012 12:00am
BIEK notification

BIEK notification

Board of Intermediate Karachi (BIEK) on Tuesday notified that mark sheets of Home Economics Group for the HSC supplementary examination 2011 have been delivered to the colleges. It also notified that the scrutiny forms for the said examinations will be ac
Published 22 Feb, 2012 12:00am
Traders hold protest demonstration against extortion

Traders hold protest demonstration against extortion

The shopkeepers of Teen Hatti Flower Market staged a protest demonstration on Tuesday against the extortion mafia. Sources said, hundreds of shopkeepers gathered on Sharah-e-Pakistan where they burnt tyres, pelted stones at vehicles and chanted slogans ag
Published 22 Feb, 2012 12:00am
HCCI concerned over law and order in Site

HCCI concerned over law and order in Site

Chairman Site Affairs Sub-Committee, Hyderabad Chamber of Commerce & Industry, Nadeem Siddiqui, has shown concerned over the plundering and looting cases in industrial area. Siddiqui said that due to poor law and order in industrial state the industrialis
Published 22 Feb, 2012 12:00am
A burgeoning cotton crop size

A burgeoning cotton crop size

The size of current cotton crop is now close to victory stand of record high cotton production replacing the all time record of 14.275 million local weight bales in 2004-05. According to the fortnightly report of Pakistan Cotton Ginners/Association (PCGA)
Published 22 Feb, 2012 12:00am
A burgeoning cotton crop size

A burgeoning cotton crop size

The size of current cotton crop is now close to victory stand of record high cotton production replacing the all time record of 14.275 million local weight bales in 2004-05. According to the fortnightly report of Pakistan Cotton Ginners/Association (PCGA)
Published 22 Feb, 2012 12:00am
US MIDDAY: gold up 1 percent

US MIDDAY: gold up 1 percent

Gold rose about 1 percent on Tuesday, outpacing gains in the euro and equities, as a massive European bailout deal had investors buying the metal amid doubts the bailout will work. Gold rallied to its highest in more than two weeks after eurozone finance
Published 22 Feb, 2012 12:00am
US MIDDAY: copper soars

US MIDDAY: copper soars

The key COMEX March contract notched up its largest daily percentage gain since the end of November to rise 12 cents or 3.5 percent to settle at $3.8365 per lb on Tuesday. The New York market built on momentum from Asia and Europe to end a six-day losing
Published 22 Feb, 2012 12:00am
Gold rises in London after Greek deal

Gold rises in London after Greek deal

Gold was on course for its largest daily rally in two weeks on Tuesday after European leaders reached a deal to help Greece avoid bankruptcy, helping the euro to eke out gains, which in turn boosted dollar-priced assets. Eurozone finance ministers sealed
Published 22 Feb, 2012 12:00am
Gold hits 1-1/2-week high in Asia

Gold hits 1-1/2-week high in Asia

Spot gold rose to its highest in a week and half on Tuesday as the dollar weakened after euro zone policymakers sealed a deal for a second bailout for Greece. Gold has drifted between $1,700 and $1,750 in the past two weeks, following the ups and downs in
Published 22 Feb, 2012 12:00am
Robusta premium disappears, raw sugar moves up

Robusta premium disappears, raw sugar moves up

Robusta coffee futures eased on Tuesday, causing the front-month's premium to shift to a small discount, while raw sugar broke through key resistance and hit a three-month high as shorts took cover. ICE cocoa futures jumped to a three-week high, attractin
Published 22 Feb, 2012 12:00am
Palm oil edges down

Palm oil edges down

Malaysian crude palm oil futures eased slightly on Tuesday as traders booked profits after the edible oil hit an eight-month high the previous day, although losses were limited by a Greek bailout deal. Eurozone finance ministers struck a deal on early Tue
Published 22 Feb, 2012 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures ended higher on Tuesday on the back of limited supply and firmness in oil prices, but gains were still capped by profit-taking after a recent rally to a 5-month high, dealers said. The benchmark rubber contract on the Tokyo Commodity
Published 22 Feb, 2012 12:00am
Brent above $121 on Iran, Greece relief

Brent above $121 on Iran, Greece relief

Brent crude oil rose to an eight-month high above $121 a barrel on Tuesday as Iran repeated its threat of a pre-emptive strike against those it considered enemies and as investors were relieved that Greece has secured a second debt bailout.
Published 22 Feb, 2012 12:00am
Copper rises sharply

Copper rises sharply

Copper prices rose sharply on Tuesday after Greece secured a rescue package from euro zone finance ministers to avert an imminent default, helping allay some fears about the euro debt crisis. Three-month copper on the London Metal Exchange (LME) ended at
Published 22 Feb, 2012 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded May copper contract on the Shanghai Futures Exchange gained 1.2 percent to close at 60,050 yuan a tonne on Tuesday after Greece struck a deal for a second bailout package to avoid a default next month, fuelling appetite for riskier assets.
Published 22 Feb, 2012 12:00am
Ebullio launches short-term commodity fund

Ebullio launches short-term commodity fund

Ebullio Capital Management said it has launched a second commodities fund, seeking to capitalise on short-term momentum plays in round-the-clock trading, including during volatile Asian hours. Ebullio spun off its eFED Commodity Futures Fund from its orig
Published 22 Feb, 2012 12:00am
Ebullio launches short-term commodity fund

Ebullio launches short-term commodity fund

Ebullio Capital Management said it has launched a second commodities fund, seeking to capitalise on short-term momentum plays in round-the-clock trading, including during volatile Asian hours. Ebullio spun off its eFED Commodity Futures Fund from its orig
Published 22 Feb, 2012 12:00am
Allied Bank Limited

Allied Bank Limited

The asset base of Allied Bank Ltd (ABL), the country's fifth largest bank, reached Rs 516 billion as on 31st December 2011. The Bank's asset base has marked a CAGR of 15.40 percent during the past five years (2006-11), when the industry asset base grew by
Published 22 Feb, 2012 12:00am
Allied Bank Limited

Allied Bank Limited

The asset base of Allied Bank Ltd (ABL), the country's fifth largest bank, reached Rs 516 billion as on 31st December 2011. The Bank's asset base has marked a CAGR of 15.40 percent during the past five years (2006-11), when the industry asset base grew by
Published 22 Feb, 2012 12:00am
Tankers association refutes PVMA's allegations

Tankers association refutes PVMA's allegations

All Pakistan Tankers' Owners Association has negated the allegations of Pakistan Vanaspati Manufacturers' Association (PVMA) that tankers' mafia has been allegedly involved in burning of four oil tankers of National Logistics Cell (NLC) in Karachi.
Published 22 Feb, 2012 12:00am
Inquiry Tribunal summons PIC's former MS today

Inquiry Tribunal summons PIC's former MS today

Defective Drug Inquiry Tribunal headed by Justice Ijaz-ul-Ahsan of the Lahore High Court (LHC) on Tuesday continued proceedings and recorded statements of two witnesses. Ameer Muhammad, Incharge/Head Store Keeper and Abid Niamat, Chief Pharmacist/Incharge
Published 22 Feb, 2012 12:00am
Railways invites bids for 5 passenger trains

Railways invites bids for 5 passenger trains

Pakistan Railways (PR) has invited bids for privatisation of five passenger trains from Thursday (tomorrow) at railways headquarters. The trains being privatised are: Fareed Express runs between Lahore-Karachi via Kasur and Pakpattan, Shaheen Express runs
Published 22 Feb, 2012 12:00am
Augmentation of drinking water: JICA to provide Rs four billion to WASA

Augmentation of drinking water: JICA to provide Rs four billion to WASA

The Japan International Co-operation Agency (JICA) will provide a grant of Rs 4billion to Water and Sanitation Agency (WASA) for augmentation of Drinking Water in Faisalabad. An Agreement between JICA and Punjab Government will be signed at Lahore on Thur
Published 22 Feb, 2012 12:00am
China factory blast kills 13

China factory blast kills 13

An explosion at a steel plant in north-eastern China killed 13 people and injured another 17, a company official said Tuesday, in the latest industrial accident to hit the country. The blast happened late Monday when a 10-metre (33-feet) wide mold explode
Published 22 Feb, 2012 12:00am
Mugabe turns 88, to stay in power

Mugabe turns 88, to stay in power

Zimbabwe's President Robert Mugabe turned 88 on Tuesday, joking about reports circulating for years of his imminent demise and vowing to stay in power despite international condemnation of his economic and human rights record. Mugabe said he was in tiptop
Published 22 Feb, 2012 12:00am
Strauss-Kahn held by police

Strauss-Kahn held by police

Former IMF chief Dominique Strauss-Kahn was taken in for questioning on Tuesday by police investigating an alleged prostitution ring run out of the northern French city of Lille. A former finance minister once seen as a strong contender for France's 2012
Published 22 Feb, 2012 12:00am
Police on high alert at Al-Aqsa compound

Police on high alert at Al-Aqsa compound

Israeli police were on high alert around the Al-Aqsa mosque compound in Jerusalem's Old City on Tuesday over fears that Jewish and Muslim groups were set to clash at the flashpoint site, a spokeswoman said. The alert was raised after various Muslim groups
Published 22 Feb, 2012 12:00am
Longest Palestinian hunger strike ends in a deal

Longest Palestinian hunger strike ends in a deal

A Palestinian held without trial by Israel agreed on Tuesday to end his 66-day hunger strike after Israeli authorities promised to release him in April in a deal that avoided judicial review of the detention policy. Khader Adnan, a 33-year-old member of t
Published 22 Feb, 2012 12:00am
Nepal jails minister in corruption case

Nepal jails minister in corruption case

Nepal's highest court on Tuesday jailed a serving government minister for corruption in a first for a nation fighting an ingrained culture of graft. The Supreme Court handed information and communications minister, Jaya Prakash Prasad Gupta, an 18-month s
Published 22 Feb, 2012 12:00am
Red Cross seeks Syria ceasefires; over 60 killed

Red Cross seeks Syria ceasefires; over 60 killed

Syrian government forces killed more than 60 people on Tuesday in assaults on villages and an artillery barrage in the restive city of Homs, activists said, and the Red Cross called for daily ceasefires to allow in urgently needed aid. Washington, which i
Published 22 Feb, 2012 12:00am
Sarkozy clashes with Le Pen over halal meat

Sarkozy clashes with Le Pen over halal meat

French President Nicolas Sarkozy and his far-right election rival Marine Le Pen traded blows on Tuesday over claims that all meat in the Paris region is prepared using Islamic halal methods. Le Pen, trailing both Sarkozy and Socialist frontrunner Francois
Published 22 Feb, 2012 12:00am
Obama team calls Santorum, Romney tax plans 'reckless'

Obama team calls Santorum, Romney tax plans 'reckless'

President Barack Obama's re-election campaign regularly rips Mitt Romney, long viewed as the frontrunner for the Republican presidential nomination, for his economic policies. On Tuesday, it added Romney's rival Rick Santorum to its list of top targets.
Published 22 Feb, 2012 12:00am
Scientists regenerate a plant - 30,000 years on

Scientists regenerate a plant - 30,000 years on

Fruit seeds stored away by squirrels more than 30,000 years ago and found in Siberian permafrost have been regenerated into full flowering plants by scientists in Russia, a new study has revealed. The seeds of the herbaceous Silene stenophylla are far and
Published 22 Feb, 2012 12:00am
Ponting to bat on in Tests after ODI demise

Ponting to bat on in Tests after ODI demise

World Cup-winning skipper Ricky Ponting, cricket's second-highest one-day scorer, vowed Tuesday to fight on in Australia's Test team despite being dumped from the limited-overs side. Ponting said he had been informed by selectors that he did not fit into
Published 22 Feb, 2012 12:00am
Peer pulls off another diplomatic coup

Peer pulls off another diplomatic coup

Shahar Peer, the first Israeli female athlete to compete in the United Arab Emirates, is making another piece of diplomatic history here this week. Peer caused a political tremor two years ago when, after much wrangling and fiercely strict security arrang
Published 22 Feb, 2012 12:00am
Sri Lanka pacemen make merry against India at Gabba

Sri Lanka pacemen make merry against India at Gabba

India once again wilted against quality pace bowling as Sri Lanka defeated them by 51 runs in the eighth match of the One-day Tri-series at the Gabba in Brisbane on Tuesday. India, who were shot out for 178 by the Australian pace battery during a 110-run
Published 22 Feb, 2012 12:00am
Punjab Sports Festival from February 28

Punjab Sports Festival from February 28

Chairman Punjab Sports Board Hamza Shahbaz Sharif said on Monday that Punjab Sports Festival 2012 would start from February 28 with a grand function to be held at National Hockey Stadium Lahore. Speaking at a press conference on Monday he said that the bi
Published 22 Feb, 2012 12:00am
First Japanese joins Bulgarian league

First Japanese joins Bulgarian league

Attacking midfielder Taisuke Akiyoshi has joined Slavia Sofia on a 2-1/2-year deal from Singapore Armed Forces to become the first Japanese player in the Bulgarian league, the Sofia-based club said on Tuesday. "Slavia were the first Bulgarian club to sign
Published 22 Feb, 2012 12:00am
Man Utd report surge in revenues

Man Utd report surge in revenues

Manchester United reported a sharp increase in revenues over the final six months of 2011 following rises in matchday income, media and commercial earnings, the club announced Tuesday. United's revenues increased to £175million ($276million; 209million eu
Published 22 Feb, 2012 12:00am
Yuan ends up

Yuan ends up

The yuan closed up against the dollar on Tuesday even after the People's Bank of China set a slightly weaker mid-point, and its value is expected to remain stable in the near term. But dealers said the Chinese currency may have little room to rise further
Published 22 Feb, 2012 12:00am
Australian and New Zealand dollars trim losses

Australian and New Zealand dollars trim losses

The Australian and New Zealand dollars cut losses on Tuesday in a volatile session after Greece secured a second lifeline from international lenders. The Aussie bounced off a session low of $1.0680 to $1.0745, before losing a bit of steam to last stand at
Published 22 Feb, 2012 12:00am
Most Asian currencies up

Most Asian currencies up

Most emerging Asian currencies rose slightly on Tuesday after euro zone policymakers reached a deal on a Greek rescue fund, while some investors took profits on the belief the accord had already been largely factored in. Euro zone finance ministers approv
Published 22 Feb, 2012 12:00am
Swiss franc flat

Swiss franc flat

The Swiss franc was treading water against the both the dollar and the euro on Tuesday, as investors reckoned a second bailout for Greece still did not mean the end of the currency bloc's debt troubles. The franc was flat against the dollar to trade at 0.
Published 22 Feb, 2012 12:00am
Euro turns lower in London trade

Euro turns lower in London trade

The euro turned lower on Tuesday as an initial boost from Greece'e overnight debt deal waned and investors began selling into rallies. Euro zone finance ministers sealed a 130-billion euro deal on aid for Greece, averting a chaotic default next month. But
Published 22 Feb, 2012 12:00am
Early trade in New York: euro surge fizzles out

Early trade in New York: euro surge fizzles out

The euro turned lower on Tuesday as an initial rally spurred by a bailout deal for Greece disappeared, with investors opting to sell into the euro's strength amid ongoing uncertainty about the country. The euro hit a session high of $1.3292 after the succ
Published 22 Feb, 2012 12:00am
Euro gains in Asia

Euro gains in Asia

The euro gained in Asia on Tuesday, popping above resistance at its 90-day moving average after euro zone finance ministers sealed a bailout package for Greece, though some analysts doubt the news will give the currency a big fillip. The agreement on the
Published 22 Feb, 2012 12:00am
Sterling dips versus dollar

Sterling dips versus dollar

Sterling dipped against the safe-haven dollar on Tuesday as initial positive sentiment towards a Greek bailout deal waned, while a fragile economic outlook for the UK kept investors wary of buying the pound. Sterling also underperformed the euro, trading
Published 22 Feb, 2012 12:00am
Indian rupee erases gains

Indian rupee erases gains

The Indian rupee lost all of its intraday gains towards the close of trading on Tuesday as oil companies and corporate borrowers ramped up buying of dollars. Oil refiners are the largest buyers of dollars in India's foreign exchange market as the country
Published 22 Feb, 2012 12:00am
FTSE eases as risks remain after Greek bailout

FTSE eases as risks remain after Greek bailout

Britain's top share index edged lower on Tuesday, with investors taking profit on banks and cyclicals after Greece secured a long-awaited bailout deal that averted the immediate risk of a messy default but offered no long-term panacea. London's blue chip
Published 22 Feb, 2012 12:00am
Australian shares up

Australian shares up

Australian shares rose 0.8 percent on Tuesday after euro zone finance ministers reached a deal to give Greece a second bailout package, buoyed also by higher metals prices and a profit surprise at steelmaker OneSteel. Euro zone finance ministers struck a
Published 22 Feb, 2012 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks opened flat on Tuesday, joining other Asian bourses in faltering as a rally that had been driven by expectations of a second bailout package for Greece ran out of steam, with oil counters weighing on the index. The main TAIEX index slipped 0
Published 22 Feb, 2012 12:00am
European stocks dip

European stocks dip

European shares ended lower in thin volume on Tuesday, with investors cashing in on recent highs after a long-awaited bailout deal for Greece failed to dissipate concerns about the future of the euro zone's most troubled country. While the agreement avert
Published 22 Feb, 2012 12:00am
Seoul stocks steady

Seoul stocks steady

Seoul shares closed nearly steady on Tuesday, initially weighed down by soaring oil prices but trimming losses late in the session after Greece clinched a long-awaited debt deal. "The recent string of bullish factors have been fully priced into shares and
Published 22 Feb, 2012 12:00am
Hong Kong, China shares soar

Hong Kong, China shares soar

Hong Kong and China shares reversed early losses to end higher on Tuesday, led by financial stocks, after euro zone finance ministers sealed a second bailout for Greece that will resolve its immediate financing needs. Chinese oil majors were a drag on bot
Published 22 Feb, 2012 12:00am
Tuesday's midday trade: Dow briefly hits 13,000

Tuesday's midday trade: Dow briefly hits 13,000

US stocks rose on Tuesday, with the Dow briefly topping 13,000 for the first time since May 2008 after Greece secured a bailout to avoid a March default, but gains were limited as investors had priced in expectations of a deal. Signs of improvement in the
Published 22 Feb, 2012 12:00am
Indian shares at seven-month high

Indian shares at seven-month high

Indian shares climbed to their highest close in nearly seven months on Tuesday, with lenders among the gainers on expectations the central bank will consider easing banks' reserve requirements to help ease tight cash conditions. Energy conglomerate Relian
Published 22 Feb, 2012 12:00am
Nikkei average dips

Nikkei average dips

Japan's Nikkei share average dipped after failing to top the key 9,500 level on Tuesday, while Mazda Motor Corp shed nearly 10 percent on a report that it will raise $2 billion through a share issue and loans to shore up its finances. Underpinning market
Published 22 Feb, 2012 12:00am
Saudi bourse hits 41-month high

Saudi bourse hits 41-month high

Saudi Arabia's bourse hit a three-and-a-half year high in higher turnover on Tuesday amid an upbeat Gulf market sentiment after Greece sealed its second bailout package, while telecom operator Mobinil weighed on Egypt after posting earnings. Saudi petroch
Published 22 Feb, 2012 12:00am
Grams prices sharply higher on grain market

Grams prices sharply higher on grain market

Grams prices were sharply up on the wholesale grain market on Tuesday as a result of tight supply position, dealers said. On the grams side, grams Australia No 1 low type picked up Rs 1000 to Rs 6200 and the best type gained Rs 550 to Rs 6900, grams Austr
Published 22 Feb, 2012 12:00am
Ivorian cocoa arrivals

Ivorian cocoa arrivals

Cocoa arrivals at Ivory Coast's port of San Pedro reached 436,227 tonnes by February 12 since the start of the season in October, according to data from the Coffee and Cocoa Bourse (BCC) obtained by Reuters on Monday. That compared with 374,295 tonnes del
Published 22 Feb, 2012 12:00am
No change seen in prevailing outlook on cotton market

No change seen in prevailing outlook on cotton market

Steady trend was again witnessed on the cotton market on Tuesday as leading buyers were conspicuous by their absence, dealers said. The official spot rate was unchanged at Rs 5,500, they said. Prices of seedcotton in Sindh were at Rs 1800-2300 and in the
Published 22 Feb, 2012 12:00am
Oil cake market rates

Oil cake market rates

Mixed pattern was seen on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The March vaida that had closed at 768.80 opened with no change at Rs 768.80. The March vaida which closed at Rs 687.30 commenced with a gain o
Published 22 Feb, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 86,176 tonnes of cargo comprising1 49,298 tonnes of import cargo and 36,878 tonnes of export cargo including 1,276 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 49,298 ton
Published 22 Feb, 2012 12:00am
Vietnamese domestic coffee prices steady

Vietnamese domestic coffee prices steady

Vietnamese domestic coffee prices held steady near a key level on Tuesday but farmers and exporters slowed their sales following a fall in London's robusta futures prices, traders said. Coffee exports from Vietnam, the world's second-largest producer afte
Published 22 Feb, 2012 12:00am
Brazil's 2012 maize output seen at record 60 million tonnes

Brazil's 2012 maize output seen at record 60 million tonnes

Brazil's total maize output, including main and second seasons, is expected to rise 7 percent to a new record of about 60 million tonnes in 2012 due to a surge in winter plantings, the United Nations' Food and Agriculture Organisation said on Tuesday.
Published 22 Feb, 2012 12:00am
China's January refined copper imports fall

China's January refined copper imports fall

China's refined copper imports fell almost 18 percent in January, official data showed on Tuesday, in line with preliminary figures, and analysts said imports were likely to stay weak to March despite monetary easing. London copper prices rose on Monday b
Published 22 Feb, 2012 12:00am
Vietnam to export up to 150,000 tonnes of sugar

Vietnam to export up to 150,000 tonnes of sugar

Vietnam will export 100,000-150,000 tonnes of sugar this year to help offset a domestic surplus as supply is expected to outstrip demand, the agriculture ministry said on Tuesday. Domestic refined sugar output could reach 1.57 million tonnes, above expect
Published 22 Feb, 2012 12:00am
Ivorian cocoa prices fall as quality drops

Ivorian cocoa prices fall as quality drops

Cocoa farmgate prices in top grower Ivory Coast fell last week as quality dropped alongside volumes at the tail end of the main crop, farmers and buyers said on Tuesday. A lack of rain between November and early February in most regions meant the last bea
Published 22 Feb, 2012 12:00am
Algeria seeks 125,000 tonnes of wheat for May

Algeria seeks 125,000 tonnes of wheat for May

Algeria's state grains agency OAIC is holding a tender to buy 125,000 tonnes of optional-origin milling wheat for shipment in May, European traders said on Tuesday. The bidding deadline is on February 23, they said. The volumes indicated by OAIC in its te
Published 22 Feb, 2012 12:00am
Message from President Islamic Republic of Pakistan

Message from President Islamic Republic of Pakistan

I wish to congratulate Consumers. Association of Pakistan for holding 7th Consumers Choice Award for rising awareness among the consumers of the country about their rights and thereby protecting them from all kinds of exploitations and market malpractices
Published 22 Feb, 2012 12:00am
Message from President Prime Minister Islamic Republic of Pakistan

Message from President Prime Minister Islamic Republic of Pakistan

I wish to congratulate Consumers Association of Pakistan (CAP) for successfully organising Consumers Choice Award Ceremony for seventh consecutive year. The Consumers Association of Pakistan has been playing quality role to bring Pakistani consumers to ma
Published 22 Feb, 2012 12:00am
Message from Governor, Sindh

Message from Governor, Sindh

First and foremost, I wish to congratulate Consumers Association of Pakistan for their volunteer services and struggle to protect consumers' rights. I also give tribute to all award winning Industries and service providers who care for consumers by delive
Published 22 Feb, 2012 12:00am
Message from Minister for Industries & Commerce Government of Sindh

Message from Minister for Industries & Commerce Government of Sindh

The efforts of those industries that choose to manufacture quality goods and manage command over quality do not go un-rewarded. This is their invisible contribution towards health and happiness of the consumers which silently wins them market without any
Published 22 Feb, 2012 12:00am
Message from Chairman, Consumers Association of Pakistan

Message from Chairman, Consumers Association of Pakistan

It is with honour and pleasure that I extend my warm greetings to all award winners, consumers and members of Consumers Association of Pakistan on the occasion of this 7th Consumers Choice Award Ceremony. This momentous celebration is marked with the comm
Published 22 Feb, 2012 12:00am
Message from Chairman Punjab Region, Consumers Association of Pakistan

Message from Chairman Punjab Region, Consumers Association of Pakistan

It gives me immense pleasure to extend greetings to all participants of the ceremony being held for the consumer choice award 2011. As a chairman, Punjab Region, I request all consumers to be aware of your strength and join hands with us to attain rights.
Published 22 Feb, 2012 12:00am
Message from General Secretary, Consumers Association of Pakistan

Message from General Secretary, Consumers Association of Pakistan

Consumers Association of Pakistan already enjoys a special bond twith Pakistani consumers who share their view pertaining to quality of products/services. Without their support and interest Consumers Choice Award could not be celebrated.
Published 22 Feb, 2012 12:00am
Rising graph of achievements of Consumers Association of Pakistan

Rising graph of achievements of Consumers Association of Pakistan

Since the formation of Consumers Association of Pakistan on 13th September 2003, CAP is working for promoting consumerism in Pakistan. On this auspicious occasion I feel pleasure to brief about CAP with a will to bring all Pakistans under the umbrella of
Published 22 Feb, 2012 12:00am
Dalda.....a tradition

Dalda.....a tradition

Whether it is a woman who enjoys cooking food or someone who cares for family's health, everyone is well acquainted with Dalda. Dalda is a heritage of trust spread over a span of 4 generations. Today every household treats Dalda as a family member and the
Published 22 Feb, 2012 12:00am
Easy Pour Technology - A breakthrough innovation

Easy Pour Technology - A breakthrough innovation

For the first time in Pakistan, Dalda introduces Easy Pour Technology - a breakthrough innovation that offers unmatched convenience in pouring as well as handling your Dalda Cooking Oil, Dalda Canola Oil and Planta Cooking Oil bottles. Easy Pour Technolog
Published 22 Feb, 2012 12:00am
Universal Service Fund: A success story

Universal Service Fund: A success story

Universal Service Fund was established by the Government of Pakistan (Ministry of Information Technology) for the development of telecommunication services in un-served and under-served areas in 2006. This fund consists of contributions (1.5% of adjusted
Published 22 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 22 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 22 Feb, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Tuesday (February 21, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover
Published 22 Feb, 2012 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 22 Feb, 2012 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 Tuesday (February 21, 2012).

Published 22 Feb, 2012 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 Tuesday (February 21, 2012).

Published 22 Feb, 2012 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 Tuesday (February 21, 2012).

Published 22 Feb, 2012 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 Tuesday (February 21, 2012).

Published 22 Feb, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (February 21, 2012).
Published 22 Feb, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (February 21, 2012).

Published 22 Feb, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (February 21, 2012).

Published 22 Feb, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Feb, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 22 Feb, 2012 12:00am
Europe seals new Greek bailout, doubts remain

Europe seals new Greek bailout, doubts remain

Eurozone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses. The complex deal wrought
Published 22 Feb, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Feb, 2012 12:00am
Europe seals new Greek bailout, doubts remain

Europe seals new Greek bailout, doubts remain

Eurozone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses. The complex deal wrought
Published 22 Feb, 2012 12:00am
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