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Archive - 2012-04-04
Pentagon says Pakistan victim of terror
Top News

Pentagon says Pakistan victim of terror

WASHINGTON: Pakistani people have been victims of "devastating" acts of terror and Pakistan and the United States share
Published 04 Apr, 2012 09:30pm
Governor calls on President
Pakistan

Governor calls on President

LAHORE: Governor Punjab Sardar Latif Ahmad Khan Khosa called on President Asif Ali Zardari at the Governor's House here
Published 04 Apr, 2012 04:53pm
Gold plunges to Rs48,428
Markets

Gold plunges to Rs48,428

KARACHI: Gold plunged by Rs 1,172 to Rs 48,428 per 10 grams in the local market Wednesday as its international price dip
Published 04 Apr, 2012 04:42pm
US wants Hafiz Saeed 'behind bars'
Top News

US wants Hafiz Saeed 'behind bars'

WASHINGTON: The United States said Wednesday it wanted the founder of group Lashkar-e-Taiba to be prosecuted and jailed
Published 04 Apr, 2012 04:04pm
Bombs kill six in Iraq
Middle East

Bombs kill six in Iraq

BAGHDAD: A car bomb apparently targeting a local police chief killed five people and wounded 10, while another bomb left
Published 04 Apr, 2012 03:49pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : Bullish trend was witnessed at the Karachi share market on Wednesday on the back of aggressive buying by loc
Published 04 Apr, 2012 02:22pm
ISE-10 gains 61 points
Markets

ISE-10 gains 61 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index was up by 61.03 poin
Published 04 Apr, 2012 02:22pm
China's grocery market overtakes US
Top News

China's grocery market overtakes US

LONDON: China's grocery sector is now the largest in the world, overtaking the US in 2011 and tripling in value between
Published 04 Apr, 2012 10:59am
Eurozone retail sales drop in February
Top News

Eurozone retail sales drop in February

BRUSSELS: Eurozone retail sales fell slightly in February, dropping 0.1 percent from the level in January, European Unio
Published 04 Apr, 2012 10:14am
Car bomb kills five in Iraq
Middle East

Car bomb kills five in Iraq

BAGHDAD: A car bomb apparently targeting a local police chief killed five people and wounded 10 in central Iraq on Wedne
Published 04 Apr, 2012 08:35am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Wednesday until 12:37 P.M., KSE-100 Index remained positive since trading time with a general upward tren
Published 04 Apr, 2012 07:50am
Allocations for PSDP may be increased
Top News

Allocations for PSDP may be increased

NAVEED BUTT ISLAMABAD: The allocation for federal Public Sector Development Programme (PSDP) for the year 2012-13 may
Published 04 Apr, 2012 05:00am
Tokyo stocks open flat
Financial

Tokyo stocks open flat

TOKYO :Tokyo stocks opened almost flat on Wednesday as investors weighed a lower yen against a drop in New York shares o
Published 04 Apr, 2012 04:32am
Copper declines

Copper declines

Copper fell slightly on Tuesday as the dollar rose, but held close to its highest in nearly two months after manufacturing data in China and the United States suggested recovery in the world's two biggest economies. Three-month copper on the London Metal
Published 04 Apr, 2012 12:00am
New York cotton ends easier, deliveries in focus

New York cotton ends easier, deliveries in focus

Cotton futures settled easier on Tuesday on sales by small speculators as market talk began turning to deliveries in the spot contract, which start later in the month, analysts said. The benchmark May contract on ICE Futures US shed 0.48 cent to finish at
Published 04 Apr, 2012 12:00am
Rivals reach deal to end power crisis in Gaza

Rivals reach deal to end power crisis in Gaza

The Gaza Strip's Hamas government and the rival Palestinian Authority (PA) agreed to an Egyptian-brokered deal on Tuesday to end a fuel crisis that has caused daily power cuts in the territory, officials said. Under the agreement, an Israeli company will
Published 04 Apr, 2012 12:00am
Turkish court agrees to try Kurdish militant case

Turkish court agrees to try Kurdish militant case

A Turkish court on Tuesday agreed to try 193 people accused of having links with Kurdish militants in a high profile case that has seen Ankara's attitude towards freedom of speech criticised internationally. The defendants stand accused of maintaining lin
Published 04 Apr, 2012 12:00am
Canadians rally against wind power

Canadians rally against wind power

Hundreds of Canadians demonstrated on Tuesday calling for an end to subsidies for wind power, saying noise from colossal turbines is making some people sick and driving down rural property prices. Organisers told AFP about 800 farmers and other rural resi
Published 04 Apr, 2012 12:00am
Syria violence undiminished by cease-fire deal

Syria violence undiminished by cease-fire deal

Opposition activists accused Syrian troops of shelling two cities on Tuesday in a campaign to weaken forces fighting President Bashar al-Assad's government before a cease-fire deadline next week. Rebel fighters also kept up their attacks, killing three so
Published 04 Apr, 2012 12:00am
US, France seek UN endorsement of peace deadline

US, France seek UN endorsement of peace deadline

Western powers have circulated a draft statement endorsing UN-Arab League envoy Kofi Annan's request for an April 10 deadline for Syria to halt fighting and withdraw its army from population centers, French and US envoys said on Tuesday. French UN Ambassa
Published 04 Apr, 2012 12:00am
Russia calls US funding of democracy a 'problem'

Russia calls US funding of democracy a 'problem'

Russia said Tuesday that continued US funding of groups supporting the spread of democracy in the country was turning into a problem in advance of Vladimir Putin's return for a third Kremlin term. Putin has repeatedly accused Washington of using the progr
Published 04 Apr, 2012 12:00am
Medvedev signs law meant to help opposition

Medvedev signs law meant to help opposition

Russia's President Dmitry Medvedev on Tuesday signed off on a new law meant to open up the country's political system to greater competition after a wave of protests against the dominance of Vladimir Putin's ruling United Russia party. Medvedev, who is du
Published 04 Apr, 2012 12:00am
Associated Press reports more losses

Associated Press reports more losses

The Associated Press on Tuesday reported a loss for 2011 as revenues fell for a third straight year, but signalled that it sees some improvement in 2012 for the US news co-operative. The AP, which has been battered by the woes of the news industry,
Published 04 Apr, 2012 12:00am
Associated Press reports more losses

Associated Press reports more losses

The Associated Press on Tuesday reported a loss for 2011 as revenues fell for a third straight year, but signalled that it sees some improvement in 2012 for the US news co-operative. The AP, which has been battered by the woes of the news industry,
Published 04 Apr, 2012 12:00am
Bomb kills TV presenter in central Iraq

Bomb kills TV presenter in central Iraq

A "sticky bomb" killed an television presenter working for a local station in Salaheddin province of central Iraq, a provincial spokesman said on Tuesday. Kamiran Salaheddin, a presenter for Salaheddin Channel, was killed in central Tikrit by a magnetic b
Published 04 Apr, 2012 12:00am
James Murdoch quits as BSkyB chairman

James Murdoch quits as BSkyB chairman

James Murdoch resigned as chairman of British pay-TV giant BSkyB Tuesday, saying he did not want it to become a "lightning rod" for the hacking scandal at his father Rupert's media empire. The post was the last major role held in Britain by James Murdoch,
Published 04 Apr, 2012 12:00am
Romney seeks big wins to elbow out Santorum

Romney seeks big wins to elbow out Santorum

Mitt Romney charged toward the Republican US presidential nomination on Tuesday, shooting for big victories in Wisconsin and two other contests that would increase the pressure on rival Rick Santorum to drop out of the race. Romney leads in polls in Wisco
Published 04 Apr, 2012 12:00am
France's halal market grows

France's halal market grows

Some French politicians have seized on the spread of halal food to win votes. Producers selling their wares at Paris's annual Muslim food fair are much more sure it will bring something else: profit. France's halal market, now estimated at 5.5 billion eur
Published 04 Apr, 2012 12:00am
Egypt's Brotherhood torn over quest for presidency

Egypt's Brotherhood torn over quest for presidency

A politician in Egypt's powerful Muslim Brotherhood publicly exposed rifts in the usually disciplined group on Tuesday over its surprise decision to seek the presidency, breaking a promise not to do so. Mohamed Beltagy, head of the Cairo bureau of the Bro
Published 04 Apr, 2012 12:00am
Romania club officials cleared of corruption

Romania club officials cleared of corruption

A Romanian court on Tuesday cleared eight prominent football officials and agents of corruption over the transfer of 12 players, including to clubs in Spain and Germany. The eight officials, including Rapid Bucharest owner George Copos and Dinamo Buchares
Published 04 Apr, 2012 12:00am
Kitajima powers to fourth Games

Kitajima powers to fourth Games

Multiple gold medallist Kosuke Kitajima became the first Japanese swimmer to qualify for four Olympics by storming to the national 100 metres breaststroke title on Tuesday. Kitajima, who won the 100 and 200 breaststroke double at the 2004 and 2008 Olympic
Published 04 Apr, 2012 12:00am
Camp for U-22 Asia Cup qualifying to run till April 12

Camp for U-22 Asia Cup qualifying to run till April 12

As many as, 30 Pakistan Under-22 football players are participating in the training camp in City School Football Ground, Gulberg Lahore. The camp will continue till April 12. The camp is organised for preparation of a strong team for AFC U-22 Asia Cup-201
Published 04 Apr, 2012 12:00am
BSkyB to show London Games in UK

BSkyB to show London Games in UK

British pay TV operator BSkyB will screen live coverage of the London Olympics this summer after the BBC agreed on Tuesday to make its online feeds available to cable and satellite broadcasters in Britain. The publicly funded BBC has the rights to the Gam
Published 04 Apr, 2012 12:00am
Jayawardene helps Sri Lanka recover

Jayawardene helps Sri Lanka recover

Skipper Mahela Jayawardene cracked his second century in consecutive matches to pull Sri Lanka out of trouble in the second and final Test against England in Colombo on Tuesday. Jayawardene followed his match-winning 180 in the first Test in Galle with a
Published 04 Apr, 2012 12:00am
Essex deny wrongdoing over Westfield

Essex deny wrongdoing over Westfield

English county Essex insisted on Tuesday they had taken the correct action in the case of corrupt former seamer Mervyn Westfield following court room accusations they had "turned a blind eye". In February, the 23-year-old Westfield became the first county
Published 04 Apr, 2012 12:00am
Tendulkar quits as IPL Mumbai captain

Tendulkar quits as IPL Mumbai captain

Sachin Tendulkar on Tuesday stepped down as Mumbai Indians skipper on the eve of the Indian Premier League (IPL), saying he needed a "break from the responsibility of captaincy". The batting superstar, who led Mumbai in all of the previous four editions o
Published 04 Apr, 2012 12:00am
Eto'o drops case against Barca for 3 million euro payout

Eto'o drops case against Barca for 3 million euro payout

Cameroon striker Samuel Eto'o has dropped his legal case against Barcelona after having demanded three million euros ($3.99 million) he said was owed from his transfer to Inter Milan in July 2009, the Spanish club said on Tuesday. "Barcelona would like to
Published 04 Apr, 2012 12:00am
Real look to end APOEL's dream run

Real look to end APOEL's dream run

Real Madrid go into the second leg of their Champions League quarter-final against APOEL Nicosia on Wednesday knowing that the hard work has already been done, but full of respect for their opponents according to Brazilian full-back Marcelo. After the 3-0
Published 04 Apr, 2012 12:00am
Lucky number seven as Gamba end drought

Lucky number seven as Gamba end drought

Former winners Gamba Osaka finally won their first game of the season at the seventh attempt Tuesday as Japanese clubs ran riot in the AFC Champions League. Gamba, who had gone six J-League and Champions League games without a win and dumped their coach l
Published 04 Apr, 2012 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.82-81.83 (previous 81.76-81.83). Call Money Rates: 07.00-13.00 percent (previous 07.00-12.50 percent).
Published 04 Apr, 2012 12:00am
Sterling slips versus dollar

Sterling slips versus dollar

Sterling slipped away from four-month highs versus the dollar on Tuesday on sovereign sales but it remained underpinned by upbeat manufacturing and construction data which tempered concerns over a lack of growth in Britain's economy. Activity in Britain's
Published 04 Apr, 2012 12:00am
Asian currencies: India rupee, won lead gains

Asian currencies: India rupee, won lead gains

The Indian rupee and the South Korean won led gains among their regional peers on Tuesday, hitting two-week highs on strong manufacturing data from the United States and China, though ongoing caution over global growth limited their climb. The rupee start
Published 04 Apr, 2012 12:00am
Indian rupee ends stronger

Indian rupee ends stronger

The Indian rupee closed stronger on Tuesday, the first trading day of the new fiscal year, helped by an improvement in global risk appetite that pushed local stocks higher, while demand for dollars from oil importers pulled it back from a two-week high.
Published 04 Apr, 2012 12:00am
Euro starts second quarter lower in New York trade

Euro starts second quarter lower in New York trade

The euro started the second quarter of 2012 lower against the dollar and yen on Monday as weak European manufacturing data reflected a growing divide between the economic outlooks of the United States and the euro zone. Manufacturing strengthened in the U
Published 04 Apr, 2012 12:00am
Early trade in New York: dollar dips versus euro

Early trade in New York: dollar dips versus euro

The dollar slipped against the euro ahead of the release of US Federal Reserve meeting minutes on Tuesday, though investors were reluctant to make big bets a day ahead of the European Central Bank meeting. At least for the next few hours, the market focus
Published 04 Apr, 2012 12:00am
Dollar index dips in London

Dollar index dips in London

The dollar fell to a one-month low against a basket of currencies on Tuesday, hit by a recovery for the euro and investors backing off recent bets on a weaker yen. In quiet pre-Easter trade, market focus centred on the release of the US Federal Reserve mi
Published 04 Apr, 2012 12:00am
Yen hits three-week high in Asia

Yen hits three-week high in Asia

The yen hit a three-week high on Tuesday on a flurry of stop-loss buying that kicked in after investors reduced massive short positions built in recent weeks, though the broad trend for a weakening Japanese currency remained intact. The dollar tumbled fro
Published 04 Apr, 2012 12:00am
Aussie dollar sags

Aussie dollar sags

The Aussie dollar came under renewed pressure on Tuesday after a cautious Australian central bank left the door wide open for a rate cut in May, sparking a jump in bond futures. The Australian dollar gave up hardly fought gains and fell to $1.0402, having
Published 04 Apr, 2012 12:00am
Swiss franc rises

Swiss franc rises

The Swiss franc pushed higher against the dollar on Tuesday on the back of a pick up in risk appetite after solid US manufacturing data spurred an overnight rally in global equities. The franc was 0.2 percent higher against the dollar compared to the New
Published 04 Apr, 2012 12:00am
Britain's FTSE falls back

Britain's FTSE falls back

Britain's leading share index beat a retreat on Tuesday, falling back after strong US data-led gains on Monday as investors awaited more clues to the state of the world's biggest economy, notably minutes from the last Fed meeting due at 1800 GMT. The FTSE
Published 04 Apr, 2012 12:00am
Australian shares soar

Australian shares soar

Australian shares pared gains to finish up 0.2 percent on Tuesday after the central bank decided to leave interest rates unchanged, dashing lingering market hopes for a jolt of stimulus to the economy. The benchmark S&P/ASX 200 index ended up just 7.7 poi
Published 04 Apr, 2012 12:00am
Seoul shares at eight-month high

Seoul shares at eight-month high

Seoul shares climbed to a fresh, eight-month closing high on Tuesday, tracking a rally in global equities after better-than-expected manufacturing data from the United States provided stronger hints of recovery in global demand. The Korea Composite Stock
Published 04 Apr, 2012 12:00am
European shares fall

European shares fall

European blue chip shares fell on Tuesday, paring the previous session's sharp gains, as Spain's economic woes weighed on banks and investors were cautious before the release of minutes from the US Federal Reserve's latest meeting. Spain's IBEX shed 2.7 p
Published 04 Apr, 2012 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares rose on Tuesday, snapping a four-day losing streak on a short squeeze in the Chinese property sector after several leading developers reported better sales in March. Local media reported that contracted sales for Evergrande grew 1.4 times
Published 04 Apr, 2012 12:00am
Indian shares climb

Indian shares climb

Indian stocks rose to their highest close in almost two weeks on Tuesday, as Bharat Heavy Electricals (BHEL) advanced after posting positive provisional earnings, while lenders gained on anticipation of a rate cut from the central bank this month.
Published 04 Apr, 2012 12:00am
Treasuries move higher

Treasuries move higher

US Treasuries rose in price on Monday, getting a mild lift from the purchases of fund managers who saw Friday's selloff as overdone and as data showed that fears over dramatically rising yields may be overstated in light of a still moderate US economic re
Published 04 Apr, 2012 12:00am
Treasuries move higher

Treasuries move higher

US Treasuries rose in price on Monday, getting a mild lift from the purchases of fund managers who saw Friday's selloff as overdone and as data showed that fears over dramatically rising yields may be overstated in light of a still moderate US economic re
Published 04 Apr, 2012 12:00am
Chinese markets closed

Chinese markets closed

China's stock, money, foreign exchange and commodities futures markets were closed on Monday through Wednesday for the Tomb-sweeping day holiday. Trading will resume on Thursday, April 5.
Published 04 Apr, 2012 12:00am
Wall Street begins second quarter with a bang

Wall Street begins second quarter with a bang

US stocks started the second quarter with a bang on Monday, with the S&P 500 climbing to a fresh four-year high as manufacturing data from the United States and China helped support the outlook for economic growth. A string of mixed indicators in recent d
Published 04 Apr, 2012 12:00am
Tuesday's midday trade: indices pull back, Fed minutes ahead

Tuesday's midday trade: indices pull back, Fed minutes ahead

US stocks edged lower on Tuesday after a strong start to the second quarter and ahead of the release of minutes from the most recent meeting of the Federal Reserve's policy-setting committee. Commerce Department data reinforced the view the domestic econo
Published 04 Apr, 2012 12:00am
Nikkei share average falls

Nikkei share average falls

Japan's Nikkei share average fell on Tuesday but remained above 10,000, with the yen's climb to a three-week high against the dollar prompting investors to lock in profits on blue chip exporters that have logged sharp gains since January. "The yen's retur
Published 04 Apr, 2012 12:00am
Southeast Asian stocks: Malaysia, Indonesia hit record highs

Southeast Asian stocks: Malaysia, Indonesia hit record highs

Southeast Asian stocks finished mostly higher on Tuesday and both Indonesia and Malaysia hit all-time closing highs as further signs of economic recovery in the United States bolstered sentiment in the region. Jakarta's Composite Index climbed 1.2 percent
Published 04 Apr, 2012 12:00am
Arabtec lifts Dubai bourse; political woes weigh on Egypt's index

Arabtec lifts Dubai bourse; political woes weigh on Egypt's index

Builder Arabtec surged on Tuesday, lifting Dubai's bourse to a four-week high after Abu Dhabi fund Aabar nearly doubled its stake, while growing political tensions weighed on Egypt's bourse. Shares in Arabtec jumped 15 percent to finish at their highest p
Published 04 Apr, 2012 12:00am
US car sales surge as recovery gains steam

US car sales surge as recovery gains steam

US auto sales rose more than 15 percent in March, preliminary data showed, as rising consumer confidence and cheap financing quickened the pace of a sluggish recovery more than two years in the making. The strong March sales rounded out the best quarter f
Published 04 Apr, 2012 12:00am
Factory orders rebound

Factory orders rebound

New orders for US factory goods rebounded in February and firms increased orders for capital goods, suggesting manufacturing held on to some momentum early in the year. The Commerce Department said on Tuesday new orders for manufactured goods rose 1.3 per
Published 04 Apr, 2012 12:00am
Sudan's inflation rises to 22.4 percent

Sudan's inflation rises to 22.4 percent

Sudan's annual inflation rate rose to 22.4 percent in March, up from 21.3 percent in February, as costs for food items such as milk and meat rose, official data showed on Tuesday. The African country is battling an economic crisis and analysts have said h
Published 04 Apr, 2012 12:00am
IMF okays Sri Lanka loan after policy changes

IMF okays Sri Lanka loan after policy changes

The International Monetary Fund on Tuesday approved a delayed tranche of Sri Lanka's $2.6 billion loan with waivers after the island nation adopted a flexible exchange rate and took measures to avert a balance-of-payments crisis.
Published 04 Apr, 2012 12:00am
US Fed targets Morgan Stanley over home loans

US Fed targets Morgan Stanley over home loans

The Federal Reserve on Tuesday said it would seek damages from Morgan Stanley due to "a pattern of misconduct and negligence" in the handling of home loans by one of the investment bank's mortgage servicing units. The Fed wants Morgan Stanley to review fo
Published 04 Apr, 2012 12:00am
Global air travel up 9.3 percent

Global air travel up 9.3 percent

International air passenger traffic in February rose 9.3 percent year on year but faltering business sentiment and stubborn fuel costs were cause for concern, the International Air Transport Association (IATA) said on Tuesday. The figures were also flatte
Published 04 Apr, 2012 12:00am
Spain heading for highest debt level in 22 years

Spain heading for highest debt level in 22 years

Spain's public debt will jump to its highest level since at least 1990 this year as the economy sinks into recession, the government said in its budget on Tuesday, worrying investors who sold Spanish bonds. Spain is under intense pressure from the Europea
Published 04 Apr, 2012 12:00am
March jobless rises for eighth month

March jobless rises for eighth month

Spain's number of registered jobless rose for the eighth straight month in March as companies in all areas of the economy continued to lay off staff in an effort to survive a deepening crisis. The number of registered unemployed rose by 0.8 percent in Mar
Published 04 Apr, 2012 12:00am
Eurozone factory prices rise again on oil

Eurozone factory prices rise again on oil

The rising cost of oil drove euro zone factory prices up by more than expected in February despite the stumbling economy, adding to a chorus of data suggesting the European Central Bank will keep interest rates at 1 percent on Wednesday. Prices at factory
Published 04 Apr, 2012 12:00am
Brazil offers tax cuts, finance to help industry

Brazil offers tax cuts, finance to help industry

Brazil's government announced a new package of tax cuts, low-cost credits and other relief for ailing industries on Tuesday, as Latin America's biggest economy struggles to regain momentum. The measures came as fresh data showed signs of life in Brazilian
Published 04 Apr, 2012 12:00am
German car registrations rise 3.5 percent

German car registrations rise 3.5 percent

Car registrations in Germany rose 3.5 percent in March to 339,000 compared with the same month last year, the German auto importers' association VDIK said on Tuesday. First-quarter registrations increased 1.4 percent to more than 773,000 autos, the VDIK s
Published 04 Apr, 2012 12:00am
Greek refiner stops Iran oil buys, banking a problem

Greek refiner stops Iran oil buys, banking a problem

Greece's top refiner Hellenic Petroleum has suspended purchases of Iranian crude in April as approaching sanctions on Tehran have made banking payments virtually impossible, a senior source at the firm said. Greece's financial difficulties have made Athen
Published 04 Apr, 2012 12:00am
Prices up amid improved trading activity on cotton market

Prices up amid improved trading activity on cotton market

Rising demand by mills and exporters boosted the prices on the cotton market on Tuesday and it is expected that rates may show firmness due to falling trend in the unsold stock, dealers said. In a single day rally, official spot rate by the Karachi Cotton
Published 04 Apr, 2012 12:00am
Oil cake market rates

Oil cake market rates

Easier trend was seen on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The May vaida that had closed at Rs 785.20 but at the opening session it shed 20 paisa at Rs 785.00. The July contract which closed at RS 849.60
Published 04 Apr, 2012 12:00am
Canadian canola futures end lower

Canadian canola futures end lower

Canadian canola futures ended mostly lower on Monday, giving back earlier gains that included the highest nearby price since mid-2008. Speculator buying, triggered by stronger soyabean prices, pushed nearby May and July contracts to contract highs early.
Published 04 Apr, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 122,860 tonnes of cargo including 80,391 tonnes of import, 42,469 tonnes of export cargo and 3,979 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Tuesday. The total import
Published 04 Apr, 2012 12:00am
Russian wheat price falls to near competitive level

Russian wheat price falls to near competitive level

Russian wheat export prices declined last week to levels that were nearly competitive with rivals, pressured by the prospect of sales from Russian state stocks but supported by concerns over drought in the European Union, analysts said on Monday. "(As the
Published 04 Apr, 2012 12:00am
Prices move both ways on grain market

Prices move both ways on grain market

Prices moved both ways on the wholesale grain market on Tuesday in process of moderate trading, dealers said. On the cereals side makai prices went up by Rs 25 to Rs 2675-2700, wheat New Bardan (new stock) low type was up by Rs 5 to Rs 2615 and better qua
Published 04 Apr, 2012 12:00am
IGC sees record maize crop in 2012-13

IGC sees record maize crop in 2012-13

Global maize production is projected to rise to a record 900 million tonnes in 2012/13, outstripping demand for the first time since the 2008/09 season, the International Grains Council said on Monday. The IGC, in a monthly report, also cut its forecast f
Published 04 Apr, 2012 12:00am
US wheat futures close lower

US wheat futures close lower

Chicago Board of Trade wheat futures closed lower on Monday on inter-market spreading against the Minneapolis Grain Exchange spring wheat futures market. CBOT May soft red winter wheat unofficially closed down 5-3/4 cents at $6.55, KCBT hard red winter Ma
Published 04 Apr, 2012 12:00am
US Midwest river corn bids rise

US Midwest river corn bids rise

Spot corn basis bids on rivers in Iowa and Illinois were higher on Monday afternoon on slow farmer selling and improved demand, but values mostly held steady at interior Midwest locations. Grain merchants said corn bids were up 2 cents at river terminals
Published 04 Apr, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 04 Apr, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 04 Apr, 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 (April 03, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 04 Apr, 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 04 Apr, 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 (April 03, 2012).

Published 04 Apr, 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 (April 03, 2012).

Published 04 Apr, 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 (April 03, 2012).

Published 04 Apr, 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 (April 03, 2012).

Published 04 Apr, 2012 12:00am
President launches veiled attack on judiciary

President launches veiled attack on judiciary

President Asif Ali Zardari on Friday launched veiled attack on the Supreme Court, saying that it (Supreme Court) took 20 years to open up Mehrangate case, but hardly spent anytime in taking up the Rental Power Plants (RPPs) case. Addressing a large gather
Published 04 Apr, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 03, 2012).
Published 04 Apr, 2012 12:00am
President launches veiled attack on judiciary

President launches veiled attack on judiciary

President Asif Ali Zardari on Friday launched veiled attack on the Supreme Court, saying that it (Supreme Court) took 20 years to open up Mehrangate case, but hardly spent anytime in taking up the Rental Power Plants (RPPs) case. Addressing a large gather
Published 04 Apr, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 03, 2012).

Published 04 Apr, 2012 12:00am
PML-N boycott continues as PCNS deadline nears

PML-N boycott continues as PCNS deadline nears

Parliamentary Committee on National Security (PCNS) is yet to take the main opposition party, 'Pakistan Muslim League-Nawaz (PML-N)' on board in relation to contentious issues such as resumption of NATO supply route. The committee which is required to fin
Published 04 Apr, 2012 12:00am
PML-N boycott continues as PCNS deadline nears

PML-N boycott continues as PCNS deadline nears

Parliamentary Committee on National Security (PCNS) is yet to take the main opposition party, 'Pakistan Muslim League-Nawaz (PML-N)' on board in relation to contentious issues such as resumption of NATO supply route. The committee which is required to fin
Published 04 Apr, 2012 12:00am
Down payment with Mark-up: NAB invokes NAO against 4 RPPs

Down payment with Mark-up: NAB invokes NAO against 4 RPPs

The Interior Ministry has placed the names of 14 owners and Chief Executives Officers (CEOs) of Rental Power Plants (RPPs) on Exit Control List (ECL) on the request of National Accountability Bureau for alleged irregularities and non-transparency in renta
Published 04 Apr, 2012 12:00am
Down payment with Mark-up: NAB invokes NAO against 4 RPPs

Down payment with Mark-up: NAB invokes NAO against 4 RPPs

The Interior Ministry has placed the names of 14 owners and Chief Executives Officers (CEOs) of Rental Power Plants (RPPs) on Exit Control List (ECL) on the request of National Accountability Bureau for alleged irregularities and non-transparency in renta
Published 04 Apr, 2012 12:00am
Down payment with Mark-up: NAB invokes NAO against 4 RPPs

Down payment with Mark-up: NAB invokes NAO against 4 RPPs

The Interior Ministry has placed the names of 14 owners and Chief Executives Officers (CEOs) of Rental Power Plants (RPPs) on Exit Control List (ECL) on the request of National Accountability Bureau for alleged irregularities and non-transparency in renta
Published 04 Apr, 2012 12:00am
Naveed spared by NAB?

Naveed spared by NAB?

The National Accountability Bureau (NAB) - the top anti-graft body - is unable to take any action against an influential incumbent federal cabinet minister and a federal secretary, it has been learnt. After Supreme Court's landmark judgement in Rental Pow
Published 04 Apr, 2012 12:00am
Naveed spared by NAB?

Naveed spared by NAB?

The National Accountability Bureau (NAB) - the top anti-graft body - is unable to take any action against an influential incumbent federal cabinet minister and a federal secretary, it has been learnt. After Supreme Court's landmark judgement in Rental Pow
Published 04 Apr, 2012 12:00am
Naveed spared by NAB?

Naveed spared by NAB?

The National Accountability Bureau (NAB) - the top anti-graft body - is unable to take any action against an influential incumbent federal cabinet minister and a federal secretary, it has been learnt. After Supreme Court''s landmark judgement in Rental Po
Published 04 Apr, 2012 12:00am
Petrol prices to be fixed fortnightly: Asim

Petrol prices to be fixed fortnightly: Asim

The Ministry of Petroleum and Natural Resources has decided to fix petroleum products' prices fortnightly. This was stated by Minister for Petroleum and Natural Resources Dr Asim Hussain while talking to reporters here on Tuesday. "We have decided in prin
Published 04 Apr, 2012 12:00am
Petrol prices to be fixed fortnightly: Asim

Petrol prices to be fixed fortnightly: Asim

The Ministry of Petroleum and Natural Resources has decided to fix petroleum products' prices fortnightly. This was stated by Minister for Petroleum and Natural Resources Dr Asim Hussain while talking to reporters here on Tuesday. "We have decided in prin
Published 04 Apr, 2012 12:00am
Petrol prices to be fixed fortnightly: Asim

Petrol prices to be fixed fortnightly: Asim

The Ministry of Petroleum and Natural Resources has decided to fix petroleum products'' prices fortnightly. This was stated by Minister for Petroleum and Natural Resources Dr Asim Hussain while talking to reporters here on Tuesday. "We have decided in pri
Published 04 Apr, 2012 12:00am
Up to Rs 2.32 per litre cut in POL prices

Up to Rs 2.32 per litre cut in POL prices

The government on Tuesday decided to reduce the Petroleum, Oil and Lubricants (POL) products prices by up to Rs 2.32 per litre, which on April 1 was increased by up to Rs 8.94 per litre effective from April 4. The reduction in the prices of POL products c
Published 04 Apr, 2012 12:00am
Up to Rs 2.32 per litre cut in POL prices

Up to Rs 2.32 per litre cut in POL prices

The government on Tuesday decided to reduce the Petroleum, Oil and Lubricants (POL) products prices by up to Rs 2.32 per litre, which on April 1 was increased by up to Rs 8.94 per litre effective from April 4. The reduction in the prices of POL products c
Published 04 Apr, 2012 12:00am
Up to Rs 2.32 per litre cut in POL prices

Up to Rs 2.32 per litre cut in POL prices

The government on Tuesday decided to reduce the Petroleum, Oil and Lubricants (POL) products prices by up to Rs 2.32 per litre, which on April 1 was increased by up to Rs 8.94 per litre effective from April 4. The reduction in the prices of POL products c
Published 04 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (April 03, 2012).

Published 04 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (April 03, 2012).

Published 04 Apr, 2012 12:00am
Top J.P Morgan banker quits after market abuse fine

Top J.P Morgan banker quits after market abuse fine

One of London's most prominent bankers was fined 450,000 pounds ($720,000) for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by British regulators to target high-profile figures.
Published 04 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (April 03, 2012).

Published 04 Apr, 2012 12:00am
Top J.P Morgan banker quits after market abuse fine

Top J.P Morgan banker quits after market abuse fine

One of London's most prominent bankers was fined 450,000 pounds ($720,000) for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by British regulators to target high-profile figures.
Published 04 Apr, 2012 12:00am
Top J.P Morgan banker quits after market abuse fine

Top J.P Morgan banker quits after market abuse fine

One of London''s most prominent bankers was fined 450,000 pounds ($720,000) for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by British regulators to target high-profile figures.
Published 04 Apr, 2012 12:00am
Iran bans imports of 600 goods, caps currency sales

Iran bans imports of 600 goods, caps currency sales

Iran has banned the importation of about 600 goods and only importers of essential items will henceforth benefit from preferential exchange rates, daily newspaper Sharq reported. Iran's energy-reliant economy is reeling from international sanctions aimed
Published 04 Apr, 2012 12:00am
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