Saturday, May, 18, 2013
TODAY'S PAPER
Palm oil gains
SINGAPORE, May 17: Malaysian palm oil futures rose on Friday, gaining for a second straight week, as investors pinned their…
Current account gap swells to $1.4bn
KARACHI, May 17: The rising current account deficit is taking a tough shape for the…
Bangladesh economic growth slows
DHAKA, May 17: Troubled Bangladesh’s economy is forecast to have grown at a four-year low of 6.03 per cent in…
Turkey welcomes Moody’s upgrade
ISTANBUL, May 17: Turkey hailed its second investment grade rating on Friday, seeing it as a seal of approval from…
Industry’s proposal to end power crisis
KARACHI, May 17: A large number of industrial bodies want the incoming government to make a major shift in energy…
US grants first LNG export licence
NEW YORK, May 17: The US Energy Department has conditionally approved liquefied natural gas exports from Freeport LNG terminal in…
World forum vows to fight tax frauds
MOSCOW, May 17: Tax administrators from 45 countries urged their governments on Friday to combat tax fraud and avoidance by…
Corrigendum
The exchange rates of US dollar were misstated in Dawn’s issue of May 17 due to a technical error. The…
Weekly inflation rises
ISLAMABAD, May 17: The Sensitive Price Index-based inflation rose 0.22 per cent for the week ending on May 16 as…
Oil prices gain
LONDON, May 17: World oil prices rose further on Friday on talk of a potential scaling back of the US…
Equities recover 120 points
KARACHI, May 17: Shares rebounded on the stock market on Friday with the KSE-100 index recovering 120.43 points to close…
Conversion rates
KARACHI: The following are May 20, State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer…
Asian shares mostly up
HONG KONG, May 17: Asian shares were mostly higher on Friday as Japanese stocks hit a fresh multi-year high after…
Germany reacts cautiously to Hollande’s Europe plan
BERLIN, May 17: Germany said on Friday that French President Francois Hollande’s proposal for a eurozone economic government was “interesting”…
Depressed trading on cotton market
KARACHI, May 17: Cotton prices remained under pressure for second consecutive session on Friday as spinners and exporters remained conspicuous…
ECB to maintain soft monetary stance
ORLEANS, (France), May 17: The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for…
Karachi Port operations
KARACHI, May 17: Seven ships carrying crude oil, palm oil, containers and steel are expected to arrive at the outer…
Poultry rates
KARACHI, May 17: The following are Saturday’s maximum poultry rates issued by the Pakistan Poultry Association:
EGGS (wholesale) per 30…
