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 Comm
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
Mixed price pattern was again witnessed on the forward cottonseed oilcake market on Saturday as buyers rushed to cover the forward purchasing, dealers said. The August vaida was unchanged at Rs 646.00.
Activity fails to pick up the pace on the cotton market on Saturday as the leading participants remained on the sidelines in the absence of proper delivery system, dealers said. The official spot rate was unchanged at Rs 2450, without upcountry expenses.
Chicago Board of Trade rough rice futures closed firm on Friday, supported by speculative buying, traders said. The market remains technically strong with prices trading at two-year highs. September rice closed 11 cents higher at $9.83 per hundredweight.
Copper futures in New York ended up 2.3 percent on Friday, boosted by news that the massive Escondida copper mine in Chile had halted operations and abandoned labour talks with union workers, now in a 12-day strike, sources said.
US cocoa futures slid to a two-week low on Friday, depressed by speculative selling and profit-taking on the day of first notice for September delivery, market sources said.
The Australian Wool Market finished the week 0.4 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI increased by 3c (+0.4 percent) ending the week at 745c/kg clean.
Spring wheat futures at the Minneapolis Grain Exchange settled higher on Friday, rallying from two-month lows late in the session as the Kansas City market surged, traders said. Traders noted talk of fresh export demand, including rumours that Brazil migh
Benchmark raw sugar futures edged down on Friday, extending this week's 8-1/2-month low on light follow-through speculative selling and limited demand for the physical commodity, traders said.
Indian wheat futures rose for the second straight day on Friday as millers scrambled to garner stocks amid tight supplies to the market. Soyoil futures were up amid concerns that a burst of intense rains over key growing regions in the past week may have
Chicago Board of Trade soyabean futures fell to contract lows in most months on Friday, pressured by prospects that the US soyabean crop is getting bigger as weather was improving, traders said. September soyabeans closed 4-1/2 cents lower at $5.47 per bu
Continued dry weather in Australia's cropping belt is crimping tonnages of the winter wheat crop and raising doubts over prospects for summer sorghum as the early planting season begins.
Crude futures plunged last week, in line with many commodity prices, amid evidence of an economic slowdown in the United States and a lowering of tensions in the Middle East, analysts said.
Small Malaysian shipping company Nepline Bhd expects to return to profit next year and plans to issue 170 million ringgit ($46 million) in Islamic bonds to expand its fleet.
Small Malaysian shipping company Nepline Bhd expects to return to profit next year and plans to issue 170 million ringgit ($46 million) in Islamic bonds to expand its fleet.
The line-up of vessels waiting to load sugar in Brazilian ports dropped to 46 from 48 last week, shipping agent Williams said Thursday. In a weekly report, it said 36 vessels were lined up in the southern port of Santos, down from 40 last week.
The Karachi Port handled 120,166 tonnes of cargo including 100,391 tonnes import, 19,775 tonnes export cargo and 2,723 containers during last 24 hours ending at 0700 hours on Saturday.
Freight rates for the benchmark Asian route were buoyed by healthy demand to move spot cargoes, amid a medium-term spot tonnage squeeze as period-charter bookings increased, shipping sources said.
State-owned Singapore port operator PSA International said its flagship Singapore terminals moved 4.75 percent more containers in the first seven months of 2006 than a year earlier.
Singapore bunker prices rose on Friday but the differentials to fuel oil cargo values fell below $5 a tonne as bunker prices failed to track the rise in cargo levels, traders said.
The trading in milk powder ended up on Jodia Bazar here on Saturday. The following changes were seen. Milk Powder (Per bag of 25 kgs): Corolac ended higher by Rs 350 at Rs 5,000, Bale Vale moved higher by Rs 100 at Rs 4,650 and Melco Veg closed upward by
Sluggish trading was seen on the grain market on Saturday as most of the leading buyers were conspicuous by their absence, dealers said. On the seeds side, cottonseed oilcake with bag gained Rs 100 to Rs 900, other items stayed put amid balanced demand an
Iran has signed a series of co-operation pacts with the impoverished Indian Ocean archipelago of Comoros, which is struggling to revamp its economy after years of political upheaval.
The world's top oil firms are struggling to expand oil and gas output, hit by a tight market for drilling rigs and rising costs, hampering development of new supply at a time of record prices.
Hot weather and a severe drought have left over 18 million people short of drinking water, damaged millions of hectares of cropland and reduced water supplies for millions of livestock, Xinhua news agency said on Saturday.
The United States cannot agree to South Korea's request for a free trade pact between the two countries to include goods made in an industrial park in North Korea, the top US trade official said on Friday.
Japan has offered up to $100 million to fund efforts to set up a comprehensive economic partnership with East Asia, Malaysia's state news agency Bernama reported, in what is seen as a first step towards a free trade agreement.
US Trade Representative Susan Schwab's trip to Southeast Asia and China later this month could signal the start of an international effort to get world trade talks back on track, analysts said on Friday.
The United States hopes it will not have to take legal action to persuade China to fix several trade problems that have strained relations, the top US trade official said on Friday.
Kawasaki Heavy Industries Ltd is considering building a second plant to make components for Boeing Co's 787 Dreamliner, the Nihon Keizai business daily reported on Saturday. Kawasaki Heavy's first plant for the project began operations in Yatomi, central
Governments should meet the costs of extra security imposed at airports since British police said they had foiled a plot to blow up transatlantic airliners, the International Air Transport Association said on Saturday.
Russia has banned poultry and bird imports from the US state of Michigan where a bird flu virus was found in swans, Interfax news agency quoted Agriculture Minister Alexei Gordeyev as saying on Saturday.
US Treasury Secretary Henry Paulson said late Friday that high energy and health care costs were interfering with Americans' ability to feel the benefits of a solidly growing economy.
Thousands of workers at Volkswagen's Mexico plant, where the popular New Beetles are made, went on strike on Friday after rejecting the company's offer of a 4 percent pay rise plus a 0.5 percent increase to benefits.
Activists torched dozens of vehicles and attacked a senior politician in Kathmandu on Saturday in protest against an increase in prices of petroleum products, police and witnesses said. Police used batons to break up protests as hundreds of people also bu
Emerging government debt prices eased in thin volume on Friday as investors closed positions ahead of the weekend and light US economic data next week. Brazil's global bond due 2040, considered the emerging market benchmark paper, eased 0.250 to bid 130.3
Emerging government debt prices eased in thin volume on Friday as investors closed positions ahead of the weekend and light US economic data next week. Brazil's global bond due 2040, considered the emerging market benchmark paper, eased 0.250 to bid 130.3
Junk bonds of Ford Motor Co and several auto suppliers fell on Friday after Ford announced more production cutbacks to speed up its restructuring, but US corporate bond spreads were mostly unchanged. The main index of investment-grade credit default swaps
Junk bonds of Ford Motor Co and several auto suppliers fell on Friday after Ford announced more production cutbacks to speed up its restructuring, but US corporate bond spreads were mostly unchanged. The main index of investment-grade credit default swaps
Mexican stocks reversed early losses and closed up 0.36 percent on Friday, its sixth consecutive day of gains, on the back of cement maker Cemex and as concerns eased about a possible rise in US interest rates. The IPC stock index rose 74.85 points to clo
The Toronto Stock Exchange's main index closed slightly lower on Friday despite a rebound in gold-mining issues, but managed to hang on to end the week above the 12,000 level.
European stocks are set to hover near three-month highs next week as investors search for clues on the direction of interest rates and monitor the dwindling stream of earnings as they try to push the market higher.
After a tough summer for US initial public offerings, a smattering of recent successes and an estimated $24 billion backlog of deals have led to some optimism about a recovery in the IPO market later this year.
Argentine stocks closed higher on Friday as investors took up positions in blue chips a day after the expiration of futures options, traders said. The MerVal index of 12 leading shares rose 1,6 percent to 1,655.87 points, reducing its losses for the month
Chilean stocks ended flat on Friday as investors took some profits.The all-market IGPA index edged up 0.04 percent to 10,069.55 points, while the blue chip IPSA index slipped 0.02 percent to 2,168.31, preliminary closing figures showed.
US Treasury debt prices gained on Friday after a report showed consumer sentiment softening, bolstering expectations the Federal Reserve will not raise interest rates in September.
US Treasury debt prices gained on Friday after a report showed consumer sentiment softening, bolstering expectations the Federal Reserve will not raise interest rates in September.
Brazilian stocks traded nearly unchanged on Friday. The Bovespa index of the Sao Paulo Stock Exchange ended the day 0.02 percent lower to close at 37,551.7.
Ford Motor Co's spreads widened on Friday, after the automaker said it would cut its fourth-quarter production, prompting Fitch Ratings to cut its debt ranking deeper into junk.
Ford Motor Co's spreads widened on Friday, after the automaker said it would cut its fourth-quarter production, prompting Fitch Ratings to cut its debt ranking deeper into junk.
US stocks closed higher for the fifth day in a row on Friday as news of the progress in Microsoft Corp's multibillion-dollar stock-buyback program pushed the software maker's shares higher, while a federal judge's favourable ruling lifted Altria Group Inc
An Omani company has postponed the closing a $900 million bond issue for a giant resort in the Gulf Arab sultanate after the war in Lebanon weakened investor demand, the company said on Saturday.
An Omani company has postponed the closing a $900 million bond issue for a giant resort in the Gulf Arab sultanate after the war in Lebanon weakened investor demand, the company said on Saturday.
The dollar could emerge stronger from a potential global economic slowdown if investors carry on shrugging off the Federal Reserve's credit tightening pause and seek safety in highly liquid US assets.
The dollar was little changed against the euro on Friday in a seesaw session that saw it trade mixed against the single European zone currency in thin volume. The dollar initially fell on University of Michigan consumer sentiment data, which reinforced th
The Canadian dollar closed the week roughly where it began, after losing ground against the US currency on Friday due to an unexpected fall in June wholesale trade data. Domestic bond prices rose across the board in tandem with US treasuries.
International Money Market currency speculators extended their bets on sterling to a fresh record and maintained hefty positions against the dollar in the week ended August 15, data released on Friday showed.
Second seed Rafael Nadal lost 7-6 7-6 to an inspired Juan Carlos Ferrero in the quarter-finals of the Cincinnati Masters on Friday, a day when the enterprising run of British teenager Andy Murray also came to an end.
Football authorities in Pakistan have dropped restrictions on men watching women play soccer a senior official said on Saturday. "Anybody can come and watch the matches," Pakistan Football Federation technical director Mir Farooq told Reuters.
Former world number one Martina Hingis advanced to the semi-finals of the $1.34 million Rogers Cup on Friday, cruising past fourth-seeded Russian Svetlana Kuznetsova 7-6 6-3 in their quarter-final match.
Lock Chris Jack and centre Luke McAlister scored late tries to give New Zealand a 34-27 victory over Australia on Saturday, sealing the All Blacks' seventh Tri-Nations title. The win ensured the All Blacks head to South Africa for their final two matches
The United States began confidently while Lebanon brought a fragment of joy to their war-torn country on day one of the world basketball championship on Saturday.
Pakistan were bowled out for 504 in reply to England's first innings 173, a lead of 331 runs, on the third day of the fourth and final Test at The Oval here Saturday. In reply England were 78 for 1 chasing 331 lead set by Pakistan in the first innings.
A protest by Communist supporters marked the start of commemorations Saturday of the 15th anniversary of the day Boris Yeltsin climbed on to a tank to face down a coup aimed at saving the Soviet Union - an event that many Russians now view with ambivalenc
At least 10 people died and as many as 40 were feared missing when a small boat packed with illegal immigrants sank off Sicily on Saturday, prompting Italy to call for greater co-operation to fight human trafficking.
Four foreign soldiers and two Afghan security force members were killed Saturday as Afghanistan celebrated its Independence Day amid the bloodiest phase of a Taliban insurgency. Three soldiers with the US-led coalition that is hunting down Taliban and oth
An outbreak of bluetongue disease found in Dutch sheep earlier this week has spread to sheep and cattle in neighbouring Belgium, the Belgian agency for food safety (AFSCA) said on Saturday.
French President Jacques Chirac has spoken with leaders from several countries to stress the need for a clearer mandate for an enlarged United Nations peacekeeping force in Lebanon, his office said on Saturday.
A senior Iranian army commander said on Saturday the armed forces were prepared for any action by Israel after what Iran has called the Jewish state's defeat at the hands of Lebanon's Hizbollah guerrillas.
Iraq and Lebanon remain fragile democracies, and security in the United States depends on democracy taking hold in the Middle East, US President George W. Bush said on Saturday
Punjab government has approved a special grant of Rs 220 million for replacing rusty and rotten water pipelines in Sialkot city. Official sources told Business Recorder here on Saturday that Public Health Department would start work on this project
Provincial Law Minister Chaudhry Iftikhar Ahmed has said that the recent rains in Sindh have played havoc with standing crop of cotton and disturbed sowing of onion, chillies and other cash crops.
Various projects have been initiated to help boost the export of fruit and vegetables and eradicate hurdles inhibiting export growth. A departmental meeting of Agriculture Marketing held to review progress on ongoing development projects.
Chinese private companies will soon finalise deals with their Pakistani partners to make investment in petroleum and natural resources sector, said sources with China Chamber of Commerce for Petroleum Industry (CCPI). The CCPI will send a delegation to Pa
Pakistan Textile Exporters Association (PTEA) Chairman, Rana Arif Tauseef has urged for release of billions of stuck up funds of textile exporters and industrialists in deferred sales tax claims as well as duty drawback denial on duty paid stocks extant i
Industries Minister Punjab Muhamad Ajmal Cheema on Saturday said a comprehensive strategy was being evolved for ensuring pollution-free environment in industrial sector of the province. "Hefty amount is being spent on the project to ready for implementati
Provincial Labour and Human Resources Minister, Syed Akhtar Hussain Rizvi has said that necessary arrangements were being finalised for setting up "Tax-Free" industrial zone for ten year in Pasrur.
Another 50 patients of gastro-enteritis were admitted in Nishtar Hospital, Children complex and other Government hospitals on Saturday, while Wazir Ahmed's wife and her minor son died in village- 9 kassi, a suburb of Multan and at least eight persons have
The Small and Medium Enterprise Authority (Smeda) has finalised necessary arrangements for initiating modernisation programme of Sports Goods Industry, Sialkot. The official sources told Business Recorder here on Saturday.
Please refer to the news that appeared in the press that the State Bank has allowed our banks in Pakistan to hold the maximum of four BoD meetings outside Pakistan.
A letter from Amjad Khan, on the above subjects, has appeared in your column on August 7. One would wonder how could UBL pensioners suffer at the hands of private management, when they had joined a pension scheme established for their benefit with the ble