Thursday, May, 23, 2013
TODAY'S PAPER
Budget for 2013-14 likely on June 14
ISLAMABAD, May 22: The incoming PML-N government is expected to present the first budget for 2013-14 by June 14.
A…
Dubai faces billions of maturing debt
DUBAI, May 22: As debt-laden Dubai’s economic recovery continues, with grandiose projects making a comeback,…
Bernanke warns against policy tightening
WASHINGTON, May 22: US Federal Reserve Chairman Ben Bernanke acknowledged the risks of the Fed’s low interest-rate policy on Wednesday…
KCA opposes PMEX cotton futures
KARACHI, May 22: The Karachi Cotton Association (KCA) opposed the introduction of International Cotton (ICOTTO) futures contract at Pakistan Mercantile…
PIBs sold for Rs37bn
KARACHI, May 22: The government raised Rs37 billion through auction of Pakistan Investment Bonds on Wednesday.
Despite offering of a…
FPCCI slams move for mini-budget
KARACHI, May 22: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has sharply reacted to the report that…
UK ‘a long way’ from recovery: IMF
LONDON, May 22: The International Monetary Fund said on Wednesday that Britain was a long way from a “sustainable recovery”,…
Conversion rates
KARACHI: The following are May 23, State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer…
Bulls toss KSE index to new peak
KARACHI, May 22: The bulls kept up the charge on Wednesday tossing the KSE-100 index up by another 290.90 points.…
Prices rise on cotton market
KARACHI, May 22: Cotton prices rose on Wednesday on strong demand from spinners. Confident about expected measures to be taken…
Karachi Port operations
KARACHI, May 22: Seven ships carrying base oil, crude oil, containers and DAP are expected to arrive at the outer…
Poultry rates
KARACHI, May 22: The following are Thursday’s maximum poultry rates issued by the Pakistan Poultry Association:
EGGS (wholesale) per 30…
Palm oil rises
SINGAPORE, May 22: Malaysian palm oil futures rose to the highest in more than one month on Wednesday, as investors…
Deadline for EU bank data sharing
BRUSSELS, May 22: EU leaders agreed on Wednesday that the automatic sharing of individuals’ bank account data, a key measure…
China offers $580m to Sri Lanka
COLOMBO, May 22: China Development Bank Corporation will lend $580 million to Sri Lanka to help implement key infrastructure projects,…
Ireland feels the heat from Apple tax row
DUBLIN, May 22: Ireland called on Wednesday for an international clampdown on multinationals shifting profits around the world to avoid…
