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May 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-09-20
Modi says al Qaeda South Asia plan 'delusional'

Modi says al Qaeda South Asia plan 'delusional'

India's new prime minister has dismissed al Qaeda's plan to set up a South Asia branch, saying it was "delusional" to think the country's Muslim minority would follow orders to wage jihad in the region. "They are doing injustice towards the Muslims of our
Published 20 Sep, 2014 12:00am
Modi says al Qaeda South Asia plan 'delusional'

Modi says al Qaeda South Asia plan 'delusional'

India's new prime minister has dismissed al Qaeda's plan to set up a South Asia branch, saying it was "delusional" to think the country's Muslim minority would follow orders to wage jihad in the region. "They are doing injustice towards the Muslims of our
Published 20 Sep, 2014 12:00am
China troops withdraw from India border

China troops withdraw from India border

Chinese troops have begun pulling back from the disputed border with India, sources said Friday, as President Xi Jinping wrapped up a rare visit to New Delhi overshadowed by the stand-off at the remote frontier. The row over an alleged incursion by hundre
Published 20 Sep, 2014 12:00am
China troops withdraw from India border

China troops withdraw from India border

Chinese troops have begun pulling back from the disputed border with India, sources said Friday, as President Xi Jinping wrapped up a rare visit to New Delhi overshadowed by the stand-off at the remote frontier. The row over an alleged incursion by hundre
Published 20 Sep, 2014 12:00am
Drugmaker GSK says fined $490 million in China graft probe

Drugmaker GSK says fined $490 million in China graft probe

A Chinese court on Friday fined British drugmaker GlaxoSmithKline 3.0 billion yuan ($490 million) following a nearly year-long bribery probe, the company said. The firm''s former head of China operations, Mark Reilly who would be deported, and four other
Published 20 Sep, 2014 12:00am
Drugmaker GSK says fined $490 million in China graft probe

Drugmaker GSK says fined $490 million in China graft probe

A Chinese court on Friday fined British drugmaker GlaxoSmithKline 3.0 billion yuan ($490 million) following a nearly year-long bribery probe, the company said. The firm's former head of China operations, Mark Reilly who would be deported, and four other e
Published 20 Sep, 2014 12:00am
Drugmaker GSK says fined $490 million in China graft probe

Drugmaker GSK says fined $490 million in China graft probe

A Chinese court on Friday fined British drugmaker GlaxoSmithKline 3.0 billion yuan ($490 million) following a nearly year-long bribery probe, the company said. The firm's former head of China operations, Mark Reilly who would be deported, and four other e
Published 20 Sep, 2014 12:00am
Zarb-e-Azb: GHQ delegation meets Dar

Zarb-e-Azb: GHQ delegation meets Dar

A three-member delegation of the GHQ met the Federal Minister for Finance Senator Ishaq Dar at the Finance Ministry on Friday. During the meeting, necessary matters pertaining to budgetary requirements of the ongoing Zarb-e Azb were discussed in detail. T
Published 20 Sep, 2014 12:00am
Zarb-e-Azb: GHQ delegation meets Dar

Zarb-e-Azb: GHQ delegation meets Dar

A three-member delegation of the GHQ met the Federal Minister for Finance Senator Ishaq Dar at the Finance Ministry on Friday. During the meeting, necessary matters pertaining to budgetary requirements of the ongoing Zarb-e Azb were discussed in detail. T
Published 20 Sep, 2014 12:00am
Corruption references: Court acquits Sharif family

Corruption references: Court acquits Sharif family

An accountability court on Friday acquitted Prime Minister Nawaz Sharif, Punjab Chief Minister Shahbaz Sharif and other members of the Sharif family in the Ittefaq Foundry, Huddaibiya Paper Mills and Raiwind corruption references. Justice Anwar Ahmed term
Published 20 Sep, 2014 12:00am
Corruption references: Court acquits Sharif family

Corruption references: Court acquits Sharif family

An accountability court on Friday acquitted Prime Minister Nawaz Sharif, Punjab Chief Minister Shahbaz Sharif and other members of the Sharif family in the Ittefaq Foundry, Huddaibiya Paper Mills and Raiwind corruption references. Justice Anwar Ahmed term
Published 20 Sep, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (September 19, 2014).

Published 20 Sep, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (September 19, 2014).

Published 20 Sep, 2014 12:00am
US Congress approves arming Syrian rebels, funding government

US Congress approves arming Syrian rebels, funding government

The US Senate approved President Barack Obama's plan for training and arming moderate Syrian rebels to battle Islamic State militants on Thursday, a major part of his military campaign to "degrade and destroy" the radical group. The Senate voted 78-22, in
Published 20 Sep, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (September 19, 2014).

Published 20 Sep, 2014 12:00am
US Congress approves arming Syrian rebels, funding government

US Congress approves arming Syrian rebels, funding government

The US Senate approved President Barack Obama's plan for training and arming moderate Syrian rebels to battle Islamic State militants on Thursday, a major part of his military campaign to "degrade and destroy" the radical group. The Senate voted 78-22, in
Published 20 Sep, 2014 12:00am
MQM stages walkout over PTI's stance

MQM stages walkout over PTI's stance

Muttahida Qaumi Movement staged a walkout on Friday from a joint sitting of parliament over the stance of Pakistan Tehreek-e-Insaf on the creation of new provinces in Sindh. Addressing the session, MQM leader Farooq Sattar said the PTI leadership wants de
Published 20 Sep, 2014 12:00am
MQM stages walkout over PTI's stance

MQM stages walkout over PTI's stance

Muttahida Qaumi Movement staged a walkout on Friday from a joint sitting of parliament over the stance of Pakistan Tehreek-e-Insaf on the creation of new provinces in Sindh. Addressing the session, MQM leader Farooq Sattar said the PTI leadership wants de
Published 20 Sep, 2014 12:00am
Prime Minister asks PTI, PAT to give up hostility

Prime Minister asks PTI, PAT to give up hostility

Prime Minister Nawaz Sharif has asked Pakistan Tehrik-e-Insaf (PTI) and Pakistan Awami Tehrik (PAT) to change their hostile attitude towards Parliament and wind up their protest sit-ins as their protest is inflicting a huge loss on the country's image and
Published 20 Sep, 2014 12:00am
Prime Minister asks PTI, PAT to give up hostility

Prime Minister asks PTI, PAT to give up hostility

Prime Minister Nawaz Sharif has asked Pakistan Tehrik-e-Insaf (PTI) and Pakistan Awami Tehrik (PAT) to change their hostile attitude towards Parliament and wind up their protest sit-ins as their protest is inflicting a huge loss on the country's image and
Published 20 Sep, 2014 12:00am
Parliament condemns the two sit-ins

Parliament condemns the two sit-ins

A joint sitting of Parliament on Friday condemned the on-going sit-ins of Pakistan Tehrik-e-Insaf (PTI) and Pakistan Awami Tehrik (PAT) through a unanimous resolution, emphatically reiterating its resolve to uphold the supremacy of Parliament, Constitutio
Published 20 Sep, 2014 12:00am
Parliament condemns the two sit-ins

Parliament condemns the two sit-ins

A joint sitting of Parliament on Friday condemned the on-going sit-ins of Pakistan Tehrik-e-Insaf (PTI) and Pakistan Awami Tehrik (PAT) through a unanimous resolution, emphatically reiterating its resolve to uphold the supremacy of Parliament, Constitutio
Published 20 Sep, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (September 19, 2014).

Published 20 Sep, 2014 12:00am
Kashmir leaders seek own referendum

Kashmir leaders seek own referendum

A top Kashmiri freedom fighter Friday urged New Delhi to follow Britain's lead in allowing Scotland's independence referendum and let the Himalayan region hold a similar vote. The Scottish referendum in which voters rejected independence by a 55-percent m
Published 20 Sep, 2014 12:00am
Kashmir leaders seek own referendum

Kashmir leaders seek own referendum

A top Kashmiri freedom fighter Friday urged New Delhi to follow Britain's lead in allowing Scotland's independence referendum and let the Himalayan region hold a similar vote. The Scottish referendum in which voters rejected independence by a 55-percent m
Published 20 Sep, 2014 12:00am
Scots spurn independence

Scots spurn independence

Scotland spurned independence in a historic referendum that threatened to rip the United Kingdom apart, sow financial turmoil and diminish Britain's remaining global clout. A vote for the 307-year union is a relief for millions of Britons including Prime
Published 20 Sep, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (September 19, 2014).

Published 20 Sep, 2014 12:00am
Scots spurn independence

Scots spurn independence

Scotland spurned independence in a historic referendum that threatened to rip the United Kingdom apart, sow financial turmoil and diminish Britain's remaining global clout. A vote for the 307-year union is a relief for millions of Britons including Prime
Published 20 Sep, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (September 19, 2014).
Published 20 Sep, 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 Friday (September 19, 2014).

Published 20 Sep, 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 Friday (September 19, 2014).

Published 20 Sep, 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 Friday (September 19, 2014).

Published 20 Sep, 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 Friday (September 19, 2014).

Published 20 Sep, 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 20 Sep, 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 20 Sep, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 20 Sep, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 20 Sep, 2014 12:00am
BRIDGE NOTES: Safety first

BRIDGE NOTES: Safety first

In a no trump contract there is always a race to establish their own respective suits between the declarer and the opponents. Whosever gains in taking the initiative ends up a winner, if there are sufficient entries to run that suit. At times the play req
Published 20 Sep, 2014 12:00am
Mozart's Salzburg finds big business in 'Sound of Music'

Mozart's Salzburg finds big business in 'Sound of Music'

For almost 50 years, "The Sound of Music" has captured the imagination of movie-goers and musical fans with its catchy tunes and lovable characters set against the stunning Austrian Alps. And this has proven to be big business for the city of Salzburg, wh
Published 20 Sep, 2014 12:00am
Gyllenhaal chases crime shots in 'Nightcrawler'

Gyllenhaal chases crime shots in 'Nightcrawler'

Jake Gyllenhaal becomes a blood-thirsty crime photographer who rushes to scenes of gruesome murders, home invasions and robberies in order to sell the footage to local television stations in "Nightcrawler." The American actor who shot to fame in Ang Lee's
Published 20 Sep, 2014 12:00am
Amazon has Netflix in sights with 'Transparent'

Amazon has Netflix in sights with 'Transparent'

Online retail giant Amazon celebrated Monday the launch of a new original show it hopes will help catch up with streaming pioneer Netflix. "Transparent," which had a red-carpet unveiling in Los Angeles, features a transgender character in the central role
Published 20 Sep, 2014 12:00am
'Men, Women & Children' portrays Internet's 'idiot generation'

'Men, Women & Children' portrays Internet's 'idiot generation'

Adults who should know better engage in plenty of cringeworthy behaviour over the Internet in the new film "Men, Women & Children," but director Jason Reitman says ddon't judge them too harshly. There's the husband and wife having affairs, one through an
Published 20 Sep, 2014 12:00am
Forensic sleuths sketch Richard III's brutal end

Forensic sleuths sketch Richard III's brutal end

King Richard III likely perished at the hands of assailants who hacked away pieces of his scalp and rammed spikes or swords into his brain as the helmetless monarch knelt in the mud. So suggests a report, published Wednesday, that in dry forensic prose ex
Published 20 Sep, 2014 12:00am
'Inclusive democracy around the world'

'Inclusive democracy around the world'

Democratic countries have celebrated the "International Day of Democracy" on 15th September. The purpose of the day was to promote the principles of democracy and to raise public awareness about democracy. The day provides international community an oppor
Published 20 Sep, 2014 12:00am
Poachers turn gamekeeper to guard Rwandan gorillas

Poachers turn gamekeeper to guard Rwandan gorillas

For four decades Leonidas Barora was a renowned hunter, tracking animals in the lush forests of Rwanda. Now he only fires arrows to impress tourists, and to help protect the wildlife.
Published 20 Sep, 2014 12:00am
A French president who scorns the poor? Lover's book hurts Hollande

A French president who scorns the poor? Lover's book hurts Hollande

The "sans dents" or toothless ones. Of all the revelations about Francois Hollande in the tell-all book by jilted former first lady Valerie Trierweiler published last Thursday one phrase attributed to him stands out as particularly damaging.
Published 20 Sep, 2014 12:00am
New Laptop trends

New Laptop trends

It's not enough any more for a laptop to just be portable. Nowadays, they have to be small, light, quick and bendable so they can be variously put to use as laptops, tablets or stand-up monitors.
Published 20 Sep, 2014 12:00am
Home appliances turn fashionista My fridge is copying the oven

Home appliances turn fashionista My fridge is copying the oven

Manufacturers of modern household appliances such as refrigerators, washing machines and microwave ovens are taking a marketing cue from carmakers. Their products now come with a stylish brand identity recognisable through the range, instead of the unifor
Published 20 Sep, 2014 12:00am
Artificial sweeteners may drive diabetes

Artificial sweeteners may drive diabetes

Scientists studying the effects of artificial sweeteners in mice and humans say they have found that eating them may increase the risk of developing glucose intolerance, a risk factor for diabetes.
Published 20 Sep, 2014 12:00am
ART FACTS: Modern visual vocabulary

ART FACTS: Modern visual vocabulary

Artists share their dreams and ideas while exploring miniature in traditional as well as contemporary themes in a group show at Clifton Art Gallery, Karachi. The paintings were oozing imaginations and expressions. Our young artists are more open and candi
Published 20 Sep, 2014 12:00am
KARACHI CHRONICLE: The Azadi Train

KARACHI CHRONICLE: The Azadi Train

Here is a teaser: Karachi begins at Tando Adam; True or False? False, said I; true said Sajid Hamid, district scout secretary Pakistan Railway Scout Karachi. Once a train reaches Tando Adam it has entered the jurisdiction of Pakistan Railway Karachi, whic
Published 20 Sep, 2014 12:00am
The Millennial March

The Millennial March

The kids are on their way. The latest Pakistan Demographic and Health Survey (PDHS) estimated that nearly 40 percent of the country's population is below 15 years of age. That means there are roughly about 80 million under-fifteens out there! If they were
Published 20 Sep, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Friday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 4.689 billion as compared to PKR 3.668 billion registered on Thursday, up 27.81 percent. The number of lots traded was 17,950 and PMEX Commmodity Index closed at 2,984 Major
Published 20 Sep, 2014 12:00am
CBOT wheat futures fall to four-year lows

CBOT wheat futures fall to four-year lows

Front-month wheat futures on the Chicago Board of Trade fell more than 2 percent Thursday and set a fresh four-year low on technical selling coupled with ample world supplies and a strong dollar, traders said. Technical selling accelerated as CBOT Decembe
Published 20 Sep, 2014 12:00am
US natural gas futures higher

US natural gas futures higher

US natural gas futures rose for a fourth day in a row, gaining about two cents on Wednesday on cooler weather forecasts as the market waited for a government report expected to show another bigger-than-normal storage build on Thursday. That was the longes
Published 20 Sep, 2014 12:00am
Brazil's coffee consumption to jump 4.7 percent in 2014

Brazil's coffee consumption to jump 4.7 percent in 2014

Coffee demand in Brazil, the world's biggest producer and second biggest consumer, is set to increase nearly 5 percent in 2014, Euromonitor International data shows. Brazilians will drink 4.7 percent more coffee in 2014 year over year, exceeding 707,000 t
Published 20 Sep, 2014 12:00am
US Midwest corn basis steady to lower

US Midwest corn basis steady to lower

Spot corn basis bids were steady to lower around the US Midwest on Thursday as early harvested grain flowed to elevators and processors amid reports of massive yields in some areas. Fresh sales of new-crop corn were very limited as US corn futures retreat
Published 20 Sep, 2014 12:00am
US FOB Gulf soya basis offers flat

US FOB Gulf soya basis offers flat

US FOB Gulf soyabean basis offers were unchanged late Thursday as exporters allowed lower futures to attract fresh spot sales while the harvest steps up, traders said. Corn remains steady as the harvest progressed, but wheat futures and cash were soft ami
Published 20 Sep, 2014 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 140,727 tonnes of cargo comprising 110,381 tonnes of import cargo and 30,346 tonnes of export cargo including 7,711 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 110
Published 20 Sep, 2014 12:00am
Seed cotton prices decline

Seed cotton prices decline

Seed cotton prices fell sharply on the cotton market on Friday in the process of moderate trading, dealers said. The official spot rate was unchanged at Rs 5,550, they added. In the session, over 15,000 bales of cotton changed hands between Rs 5550 and 57
Published 20 Sep, 2014 12:00am
No change on grain market

No change on grain market

According to the Wholesale Grain Merchant Group, not a single change was seen on the wholesale grain market on Friday.
Published 20 Sep, 2014 12:00am
EU maize crop to be a record: Strategie Grains

EU maize crop to be a record: Strategie Grains

French consultancy Strategie Grains on Thursday lifted its forecast for the 2014 grain maize (corn) crop in the European Union to a record 71.3 million tonnes due to large harvests expected in key producers France, Romania, Hungary and Bulgaria. The estim
Published 20 Sep, 2014 12:00am
Some consumers say Apple is losing its 'cool' factor

Some consumers say Apple is losing its 'cool' factor

Holly Riggle, a 29-year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc would love to have for its new iPhone 6, which launches Friday. But Riggle is sticking to her Android smartphone, calling Apple less "original" than
Published 20 Sep, 2014 12:00am
Russia does not want 'closed economy': Prime Minister

Russia does not want 'closed economy': Prime Minister

Prime Minister Dmitry Medvedev said Friday Russia did not want to close itself off from the global economy, and warned Western efforts to isolate or ignore such a powerful nation were "impossible". "I consider that talk of making fundamental changes to th
Published 20 Sep, 2014 12:00am
Cuba to privatise 9,000 restaurants

Cuba to privatise 9,000 restaurants

The Cuban government announced plans Friday to sell nearly 9,000 state-owned restaurants to private operators, the latest step in the communist island's economic reforms. Cubans frequently complain about the country's 8,984 state-owned restaurants, which
Published 20 Sep, 2014 12:00am
US leading indicator rises less than expected in August

US leading indicator rises less than expected in August

Economic activity in the United States rose less than expected in August, but was still consistent with the economy expanding at a moderate pace for the rest of this year, The Conference Board said on Friday. The research organisation's monthly Leading Ec
Published 20 Sep, 2014 12:00am
Japanese government cuts economic view, warns of stalling consumption

Japanese government cuts economic view, warns of stalling consumption

Japan's government cut its overall economic assessment for the first time in five months as private consumption is struggling to recover from the slump caused by April's sales tax hike, clouding the outlook for a sustained recovery. The government on Frid
Published 20 Sep, 2014 12:00am
Asian buyers of US LNG dial back as exuberance dims

Asian buyers of US LNG dial back as exuberance dims

A looming gas glut world-wide is prompting Japanese and Indian firms to resell to European traders and utilities big chunks of US liquefied natural gas they had committed to buy several years ago, signalling tempered enthusiasm for US energy. The chance t
Published 20 Sep, 2014 12:00am
Nigeria confident 2014 GDP growth will exceed six percent

Nigeria confident 2014 GDP growth will exceed six percent

Nigeria's finance minister said on Friday she is confident that growth in 2014 will be around the government's latest forecast of 6.5 percent after discounting the economic impact of the insurgency waged by the Islamist group Boko Haram. "We are confident
Published 20 Sep, 2014 12:00am
IMF says Sri Lanka's poor tax administration could cut economic growth

IMF says Sri Lanka's poor tax administration could cut economic growth

Sri Lanka's continuing failure to strengthen its tax administration could force the its government to spend less, which would hit economic growth, the International Monetary Fund (IMF) said on Friday. Since the Fund extended a $2.6 billion loan in 2009, i
Published 20 Sep, 2014 12:00am
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