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Print - 2014-06-17
'The enemy has left us no choice'

'The enemy has left us no choice'

Prime Minister Nawaz Sharif Monday took both the two houses of Parliament into confidence on military operation 'Zarb-e-Azb' launched against militants in North Waziristan, saying "the crackdown will continue till the realisation of objectives." Reading o
Published 17 Jun, 2014 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 (June 16, 2014).
Published 17 Jun, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (June 16, 2014).

Published 17 Jun, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 16, 2014).

Published 17 Jun, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 16, 2014).
Published 17 Jun, 2014 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 (June 16, 2014).

Published 17 Jun, 2014 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 (June 16, 2014).

Published 17 Jun, 2014 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 (June 16, 2014).

Published 17 Jun, 2014 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 (June 16, 2014).

Published 17 Jun, 2014 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 17 Jun, 2014 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 17 Jun, 2014 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 17 Jun, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 17 Jun, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 17 Jun, 2014 12:00am
Asian naphtha crack weaker

Asian naphtha crack weaker

Asia's naphtha crack eased for the third straight session to a near two-week low, as abundant regional supplies weighed, traders said on Monday. The naphtha crack against Brent crude stood at $128.85 a tonne, down $4.05 a tonne, Reuters data showed. "Naph
Published 17 Jun, 2014 12:00am
India's May palm oil imports rise

India's May palm oil imports rise

India's palm oil imports rose 22 percent to 654,255 tonnes in May from a month ago, data from the Solvent Extractors' Association of India showed, as buyers stocked up ahead of the Muslim holy month of Ramazan when demand typically peaks. Palm oil imports
Published 17 Jun, 2014 12:00am
EU wheat's fall pauses but US harvest in the wings

EU wheat's fall pauses but US harvest in the wings

European wheat's five weeks decline paused on Monday but pressure from ample supplies remained, notably in the United States where harvest has started. November milling wheat was down 0.25 euro or 0.1 percent at 187.00 euros a tonne by 1521 GMT after risi
Published 17 Jun, 2014 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was lower while the December delivery was inert on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The July contract closed at Rs 1851.80 and it opened with 20 paisa rise at Rs 1852.00 in the early
Published 17 Jun, 2014 12:00am
Listless business on cotton market

Listless business on cotton market

Mills and spinners were on the sideline on the cotton market on Monday as ginners were not ready to oblige them, dealers said. The official spot rate held the overnight level at Rs 6,800, they added. In the ready session, not a single deal was reported, d
Published 17 Jun, 2014 12:00am
US Midwest soyabean bids steady to lower

US Midwest soyabean bids steady to lower

Soyabean bids were steady to sharply lower at US Midwest processors and elevators on Monday, pressured by limited crusher demand and adequate supplies of the animal feed soyameal, dealers said. The soya basis was as much as 15 cents per bushel lower at an
Published 17 Jun, 2014 12:00am
Iran buys 55,000 tonnes of Russian wheat

Iran buys 55,000 tonnes of Russian wheat

Iran has bought around 55,000 tonnes of wheat from Russia, European traders said on Monday. The wheat was for shipment from the Russian port of Novorossiisk and was purchased by state grains buyer GTC, traders said. "Iran continued to buy right through th
Published 17 Jun, 2014 12:00am
Lean business on grain market

Lean business on grain market

Small business was seen on the wholesale grain market on Monday due to lack of interest among buyers, dealers said. On the cereals side, Moong Punjab was higher by Rs 100 to Rs 12000, Moong Peshawar maintained week-end levels, Gur low type was unchanged a
Published 17 Jun, 2014 12:00am
Chicago wheat rises after heavy losses in past five weeks

Chicago wheat rises after heavy losses in past five weeks

Chicago wheat rose more than 1 percent on Monday in a second day of gain on bargain buying after falling for the last five weeks, while soybeans recovered from last week's 2-1/2-month low, underpinned by tight old-crop supplies in the United States. Corn
Published 17 Jun, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Monday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2,924 million. Number of lots traded was reported at 11,042 and PMEX Commodity Index closed at 3,030. Major business was contributed by crude oil amounting to PKR 1,617 mill
Published 17 Jun, 2014 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot cash basis bids for hard red winter wheat were steady to 15 cents firmer in the US Plains on Monday as harvest progress was expected to pick up this week. The basis at two Kansas locations rose 10-15 cents a bushel. Rains over the weekend in the top
Published 17 Jun, 2014 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures slipped on Monday along with soybean oil after posting a big gain to end the previous week. Canola is likely to trade sideways in the near term, as the new crop has ample moisture but commercial supplies are thin on limited far
Published 17 Jun, 2014 12:00am
Wet weather in Ivory Coast could threaten cocoa crop size

Wet weather in Ivory Coast could threaten cocoa crop size

Abundant rains combined with infrequent and short spells of sunshine in most of Ivory Coast's main cocoa-growing regions created wet growing conditions last week that could dent the size of the April-to-September crop, farmers said on Monday. The marketin
Published 17 Jun, 2014 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 128,735 tonnes of cargo comprising 82,791 tonnes of import cargo and 45,944 tonnes of export cargo including 28 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 82,791
Published 17 Jun, 2014 12:00am
Australia unemployment to stay elevated into 2015

Australia unemployment to stay elevated into 2015

Australia's unemployment rate is likely to remain relatively high well into 2015, a top central banker said on Monday, helping keep a lid on wages and inflation. Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent said sluggish wages and r
Published 17 Jun, 2014 12:00am
Bahrain fights unrest, competition to remain business hub

Bahrain fights unrest, competition to remain business hub

When Bahrain announced plans last December to cut fuel subsidies, it was a rare step towards economic reform in a region where lavish cradle-to-grave welfare systems are the norm. The National Oil and Gas Authority said it would gradually raise the domest
Published 17 Jun, 2014 12:00am
BofA to use New York state database to flag illegal payday loans

BofA to use New York state database to flag illegal payday loans

Bank of America Corp has become the first big bank to agree to use a New York regulator's database to ensure it does not process illegal payments from payday lenders to state residents, Governor Andrew Cuomo said on Monday. New York outlaws payday lending
Published 17 Jun, 2014 12:00am
Siemens, Mitsubishi unveil joint bid for Alstom's energy ops

Siemens, Mitsubishi unveil joint bid for Alstom's energy ops

Siemens and Mitsubishi Heavy Industries unveiled Monday the terms of their joint bid for the energy assets of French industrial jewel Alstom, also coveted by General Electric in the US. Siemens said in a statement that it "intends to acquire 100 percent o
Published 17 Jun, 2014 12:00am
Foreigners sold US Treasuries, corp bonds in April

Foreigners sold US Treasuries, corp bonds in April

Foreigners sold US long-term securities, including Treasuries and corporate bonds, in April versus buying in March, data from the US Treasury showed on Monday. The net sales of long-term US assets notched $24.2 billion in April following a net inflow of $
Published 17 Jun, 2014 12:00am
Foreigners sold US Treasuries, corp bonds in April

Foreigners sold US Treasuries, corp bonds in April

Foreigners sold US long-term securities, including Treasuries and corporate bonds, in April versus buying in March, data from the US Treasury showed on Monday. The net sales of long-term US assets notched $24.2 billion in April following a net inflow of $
Published 17 Jun, 2014 12:00am
IMF cuts US forecast; urges wage hike and job creation

IMF cuts US forecast; urges wage hike and job creation

The International Monetary Fund on Monday slashed its forecast for the United States and urged policymakers to keep interest rates low and raise the minimum wage to strengthen growth. The global crisis lender said in its annual report card on the US econo
Published 17 Jun, 2014 12:00am
IMF cuts US forecast; urges wage hike and job creation

IMF cuts US forecast; urges wage hike and job creation

The International Monetary Fund on Monday slashed its forecast for the United States and urged policymakers to keep interest rates low and raise the minimum wage to strengthen growth. The global crisis lender said in its annual report card on the US econo
Published 17 Jun, 2014 12:00am
Danish bakers escape EU ban on cinnamon rolls

Danish bakers escape EU ban on cinnamon rolls

Denmark has escaped a feared EU ban on its much-loved cinnamon rolls by reclassifying them as a "traditional" food. The hugely popular pastries have been threatened with an EU ban since regulators discovered in November that they typically exceed the EU l
Published 17 Jun, 2014 12:00am
China to meet this year's 7.5 percent growth target: Premier

China to meet this year's 7.5 percent growth target: Premier

China is confident it will hit its growth target of 7.5 percent this year, Chinese Premier Li Keqiang said on Monday, adding the government was ready to adjust policy to make sure it does. Writing in Britain's The Times newspaper on the eve of his visit t
Published 17 Jun, 2014 12:00am
India's inflation hits five-month high

India's inflation hits five-month high

India's inflation accelerated to a five-month high in May, in a worrying sign for Prime Minister Narendra Modi's new government which has made fighting price rises a priority. The Wholesale Price Index, the most closely watched cost of living monitor, ros
Published 17 Jun, 2014 12:00am
G77 plus China eye end to poverty by 2030, new UN role

G77 plus China eye end to poverty by 2030, new UN role

A summit of G77 leaders plus China wrapped up Sunday with a call for an end to poverty by 2030, after a demand by Bolivia's President Evo Morales to eliminate the UN Security Council. The accord, largely ironed out in advance in New York by the 133 member
Published 17 Jun, 2014 12:00am
Punjab ginning units: arrival of phutti marks beginning of cotton season

Punjab ginning units: arrival of phutti marks beginning of cotton season

New cotton season 2014-15 started in Pakistan with some 4,000 maund phutti reaching ginning factories of Punjab. According to ginners, phutti (equal to 300 bales) arrived at two ginning factories of Haroonabad, Punjab. Ginners are expecting that two facto
Published 17 Jun, 2014 12:00am
Tribunals set up by ECP fail to redress post-polls disputes: Fafen

Tribunals set up by ECP fail to redress post-polls disputes: Fafen

Election tribunals set up by the Election Commission of Pakistan (ECP) have failed to redress post-election disputes within the legally-stipulated deadline, as 27 percent (109 out of 410) petitions are yet to be decided a year after the general elections
Published 17 Jun, 2014 12:00am
PTCL holds annual sales conference

PTCL holds annual sales conference

Pakistan Telecommunication Company Limited (PTCL) held its day-long annual sales conference 2014 at a local hotel here in Islamabad. Comprising of various interactive and creative sessions, the conference gave an opportunity to the participants for knowle
Published 17 Jun, 2014 12:00am
Selection of case for audit: IR Commissioner commits error: FTO

Selection of case for audit: IR Commissioner commits error: FTO

The Federal Tax Ombudsman (FTO) ruled that the Commissioner Inland Revenue has committed error by selecting himself a case for audit and not by Federal Board of Revenue (FBR), as his selection contradicts findings of Lahore High Court (LHC) judgement and
Published 17 Jun, 2014 12:00am
Atlas Insurance Limited

Atlas Insurance Limited

Incorporated as a public limited company is 1934, Atlas Insurance Limited is listed on Karachi and Lahore stock exchanges. The company was taken over by the Atlas Group in 1980 and has reinsurance arrangements with leading re-insurers of the world includ
Published 17 Jun, 2014 12:00am
Atlas Insurance Limited

Atlas Insurance Limited

Incorporated as a public limited company is 1934, Atlas Insurance Limited is listed on Karachi and Lahore stock exchanges. The company was taken over by the Atlas Group in 1980 and has reinsurance arrangements with leading re-insurers of the world includ
Published 17 Jun, 2014 12:00am
Zardari for fighting 'ruthless enemy' to the finish

Zardari for fighting 'ruthless enemy' to the finish

Pakistan People's Party (PPP) Co-Chairman and former President Asif Ali Zardari has welcomed the speech of Prime Minister Nawaz Sharif in the National Assembly, extending PPP's full support to the government in carrying out the operation against the milit
Published 17 Jun, 2014 12:00am
Opposition senators support military operation

Opposition senators support military operation

The opposition political parties in Senate on Monday endorsed the government decision of launching a military operation 'Zarb-E-Azb' against the militants besides demanding similar crackdown on all militant outfits in the rest of the country especially in
Published 17 Jun, 2014 12:00am
PML-Q supports action in NWA

PML-Q supports action in NWA

The Pakistan Muslim League-Q has announced its support to the armed forces and said the entire nation was standing behind the military waging a war against terrorists in tribal areas and praying for its success. In a press statement issued here on Monday,
Published 17 Jun, 2014 12:00am
KCCI, KATI urge government to deploy army all over Karachi

KCCI, KATI urge government to deploy army all over Karachi

Hailing the government's decision of deploying army in Islamabad and some sensitive areas of Karachi, President of Karachi Chamber of Commerce and Industry (KCCI) and representatives of different trade bodies on Monday called upon the government to deploy
Published 17 Jun, 2014 12:00am
SanDisk buys storage rival Fusion io for $1.6 billion

SanDisk buys storage rival Fusion io for $1.6 billion

US computer storage company SanDisk said Monday it was buying flash memory firm Fusion-io for $1.6 billion. The deal will help SanDisk, a maker of memory cards used for computers, smartphones and other devices, to boost its flash memory capacity with the
Published 17 Jun, 2014 12:00am
Argentina debt plunges after US Supreme Court rejects appeal

Argentina debt plunges after US Supreme Court rejects appeal

Investors dumped Argentine debt on Monday after the US Supreme Court on Monday declined to hear the South American nation's appeal to overturn a lower court decision ordering that it pay holdout sovereign creditors $1.33 billion. Argentina has said it wou
Published 17 Jun, 2014 12:00am
Sturdy US manufacturing data bolster growth outlook

Sturdy US manufacturing data bolster growth outlook

US manufacturing output rose in May and factory activity in New York state accelerated sharply this month, buoying hopes of a strong rebound in economic growth this quarter. The brightening growth outlook was further boosted by news on Monday that confide
Published 17 Jun, 2014 12:00am
Iraq prompts more profit-taking in Gulf markets; Arabtec plunges again

Iraq prompts more profit-taking in Gulf markets; Arabtec plunges again

Most markets in the Gulf continued to decline on Monday because of the conflict in Iraq, while volatile Dubai led losses as construction firm Arabtec remained in freefall. Another city in northern Iraq, Tal Afar, fell on Sunday to insurgents from the Isla
Published 17 Jun, 2014 12:00am
TSX nears six-year high

TSX nears six-year high

Canada's main stock index advanced to its highest in almost six years on Monday after violence in Iraq pushed up the price of oil, driving gains in the heavyweight energy sector. Investors followed news of Sunni insurgents seizing a mainly ethnic Turkmen
Published 17 Jun, 2014 12:00am
Hong Kong shares flat, China rises

Hong Kong shares flat, China rises

Hong Kong shares ended flat Monday as a positive lead from Wall Street was offset by fears about the growing crisis in Iraq. The benchmark Hang Seng Index dipped 18.50 points to 23,300.67 on turnover of HK$47.83 billion (US $6.17 billion). With few cataly
Published 17 Jun, 2014 12:00am
Sri Lankan shares edge up

Sri Lankan shares edge up

Sri Lankan shares rose for the second straight session on Tuesday to a one-year closing high, led by gains in banking stocks on hopes of a further 50 basis points rate cut in this week's central bank policy rates announcement, stockbrokers said. The main
Published 17 Jun, 2014 12:00am
Most Southeast Asian markets down, Thai energy shares up

Most Southeast Asian markets down, Thai energy shares up

Thai shares touched near eight-month highs on Monday as strong crude prices boosted stocks of energy explorer PTT Exploration and Production , while Indonesian shares fell to their lowest in one week due to foreign-led selling in large caps. Bangkok's SET
Published 17 Jun, 2014 12:00am
Tokyo stocks slip

Tokyo stocks slip

Tokyo shares slipped 1.09 percent Monday as the yen strengthened on worries over the escalating crisis in Iraq. The benchmark Nikkei 225 index lost 164.55 points to finish at 14,933.29, while the Topix index of all first-section shares fell 0.75 percent,
Published 17 Jun, 2014 12:00am
Indian shares stay lower

Indian shares stay lower

Indian shares fell for a second straight session on Monday to their lowest close in 1-1/2 weeks on risk aversion among investors due to tensions in Iraq and Ukraine, with domestic-oriented stocks such as Larsen & Toubro Ltd taking a hit. Brent crude rose
Published 17 Jun, 2014 12:00am
Geopolitical woes dent European shares

Geopolitical woes dent European shares

European stocks edged lower on Monday, adding to last week's retreat, as mounting violence from Iraq to Kenya weighed on travel shares and prompted investors to cash in on recent outperformers. Airline easyJet and cruise operators Carnival both fell more
Published 17 Jun, 2014 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks were trading flat on Monday morning after the six-year closing highs seen recently, but memory chip makers were the bright spots amid investor optimism of improving prospects. The main TAIEX index edged down 0.09 percent at 9,188.56 as of 02
Published 17 Jun, 2014 12:00am
Australian shares up

Australian shares up

Australian shares added 0.1 percent on Monday, nudging away from 3-1/2 week lows as the mining sector reversed earlier losses to edge higher, although investors were still cautious as the unrest in Iraq continued. The S&P/ASX 200 index added 7.3 percent t
Published 17 Jun, 2014 12:00am
FTSE pulled down by BT, housebuilders weaken further

FTSE pulled down by BT, housebuilders weaken further

Britain's top share index slipped on Monday as concerns about a large increase in its pension deficit hit BT Group, while housebuilders extended their recent sell-off on prospects of a UK rate hike. BT fell 2.4 percent, one of the biggest drags on the FTS
Published 17 Jun, 2014 12:00am