Raw sugar futures crumbled from commodity fund sales to finish on Friday at a three-month low and more losses are seen for a market bloated by excess supplies and wholesale liquidation by investors, brokers said.
US cocoa futures slipped 3.1 percent on Friday, settling off a fresh four-week low, pressured by fund and speculative selling as well as the strengthening dollar, that triggered sell-stops, traders said.
Nicaragua will export 20 percent less coffee from the 2006/07 harvest than previously expected due to poor weather, industry and union officials said on Friday.
A three-day rally in the dollar sent US copper futures reeling to a new nine-month low on Friday after a surprisingly strong report on US jobs growth in December eased some concerns of an economic slowdown, analysts said.
Wheat futures on the Chicago Board of Trade settled higher on Friday in a short-covering bounce after dipping to fresh three-month lows, traders said. Wheat was a follower as corn rallied late. Both markets appeared due for a technical rebound following s
US arabica coffee futures closed down 3.6 percent on Friday after index fund and speculative profit-taking took the benchmark March contract to a six-week low, traders said. "The weaker opening shook out some of the weaker overnight longs and then the fun
US FOB soyabean export premiums rose on Friday following higher prices in the CIF barge market, while corn and wheat were flat, traders said. FOB soyabean offers for shipment in the last half of January rose to 42 cents a bushel premium to CBOT March.
Falling trend in the fresh arrival figure of cotton in the Pakistan Cotton Ginner Association (PCGA) fortnightly report may stabilise the prices, dealers said on Saturday.
Spot basis bids for soyabeans were steady to higher around the US Midwest on Friday while corn bids were mostly unchanged. Overall, the market had a firm tone as dealers tried to pique some farmer interest after sharp downturns in the futures market cut i
Minor changes were in the cakes prices on the grain markets on Saturday, dealers said. On the seed side, cakes low type shed Rs 10 to Rs 400 and best type was down by Rs 7 to Rs 405, they said. Other commodities maintained the overnight levels, they added
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
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
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Saturday (January 06, 2007).
The rupee maintained its overnight levels against the dollar in the interbank market on Saturday at 60.97 and 60.99 as the demand for dollars was matching with the supply position. But te rupee lost paisa 12 in the open market, dealers said.
The rupee maintained its overnight levels against the dollar in the interbank market on Saturday at 60.97 and 60.99 as the demand for dollars was matching with the supply position. But te rupee lost paisa 12 in the open market, dealers said.
President General Pervez Musharraf on Saturday said the government would ensure provision of basic necessities of life, including natural gas, clean drinking water, and electricity to the people at their doorsteps as its prime responsibility.
A crisis has hit the Rs 15 billion soccer balls and soccer equipment annual exports from Sialkot, a bustling commercial hub, following world renowned Nike's decision, a major importer of footballs, to pull out of Pakistan. Total exports of sports goods fr
The Central Board of Revenue (CBR) has allowed Sales Tax collectorates to go for manual overruling in case of technical faults in Sales Tax Automated Refund Repository (STARR) System and delay in the release of refunds to the exporters.
The Central Board of Revenue (CBR) has allowed Sales Tax collectorates to go for manual overruling in case of technical faults in Sales Tax Automated Refund Repository (STARR) System and delay in the release of refunds to the exporters.
The Central Board of Revenue (CBR) has allowed Sales Tax collectorates to go for manual overruling in case of technical faults in Sales Tax Automated Refund Repository (STARR) System and delay in the release of refunds to the exporters.
The commercial banking business of American Express Bank Ltd undertaken in Pakistan, inclusive of its four branches, has been merged into JS Bank Ltd (JSBL) from December 30, 2006.
The commercial banking business of American Express Bank Ltd undertaken in Pakistan, inclusive of its four branches, has been merged into JS Bank Ltd (JSBL) from December 30, 2006.
The commercial banking business of American Express Bank Ltd undertaken in Pakistan, inclusive of its four branches, has been merged into JS Bank Ltd (JSBL) from December 30, 2006.
The Foreign Ministers of Pakistan and India, Khurshid Mahmud Kasuri and Pranab Mukherjee will review progress on eight issues including Kashmir, peace and security, within ambit of Composite Dialogue during their meeting in Islamabad next week.
Prime Minister Shaukat Aziz has said peace, security and internal harmony are critical for the future of Iraq and Pakistan fully supports its unity, integrity and sovereignty.
A spokesman of Pakistan Sugar Mills Association (PSMA), Punjab Zone, has strongly opposed the apropos of a news item appeared in Business Recorder, challenging the legal position of the unopposed elected chairman of PSMA, Punjab Zone, Zaka Ashraf.
A spokesman of Pakistan Sugar Mills Association (PSMA), Punjab Zone, has strongly opposed the apropos of a news item appeared in Business Recorder, challenging the legal position of the unopposed elected chairman of PSMA, Punjab Zone, Zaka Ashraf.
A spokesman of Pakistan Sugar Mills Association (PSMA), Punjab Zone, has strongly opposed the apropos of a news item appeared in Business Recorder, challenging the legal position of the unopposed elected chairman of PSMA, Punjab Zone, Zaka Ashraf.
The World Bank (WB) has allowed Central Board of Revenue (CBR) to appoint a foreign consultant for a two-year term at a cost of $660,000 to properly monitor and manage the Tax Administration Reforms Project (TARP).
The World Bank (WB) has allowed Central Board of Revenue (CBR) to appoint a foreign consultant for a two-year term at a cost of $660,000 to properly monitor and manage the Tax Administration Reforms Project (TARP).
The World Bank (WB) has allowed Central Board of Revenue (CBR) to appoint a foreign consultant for a two-year term at a cost of $660,000 to properly monitor and manage the Tax Administration Reforms Project (TARP).
US transport safety officials arrived in Indonesia's Sulawesi on Saturday to help investigate the disappearance of an airliner with 102 people aboard. The 17-year-old Boeing 737-400, operated by Indonesian budget carrier Adam Air, went missing on Monday i
The Monopoly Control Authority (MCA) has imposed a fine of Rs 330,000 on 12 sugar mills for violation of rules and regulations. The respondent sugar mills failed to provide accurate facts and figures pertaining to sugar supply in the market.
The Monopoly Control Authority (MCA) has imposed a fine of Rs 330,000 on 12 sugar mills for violation of rules and regulations. The respondent sugar mills failed to provide accurate facts and figures pertaining to sugar supply in the market.
The Monopoly Control Authority (MCA) has imposed a fine of Rs 330,000 on 12 sugar mills for violation of rules and regulations. The respondent sugar mills failed to provide accurate facts and figures pertaining to sugar supply in the market.
China has unveiled its Jian-10 multi-role indigenous fighter jet, marking a "historic leap forward" and narrowing a technological gap with major military powers, state media said on Saturday.
China has unveiled its Jian-10 multi-role indigenous fighter jet, marking a "historic leap forward" and narrowing a technological gap with major military powers, state media said on Saturday.
Leading German unions said over the weekend they plan to push for substantially higher salary increases in 2007 amid a robust economy, soaring corporate profits and higher taxes.
British Airways said Saturday it was pleased with moves which should bring them closer to reaching an agreement to tackle the flag carrier's giant pensions deficit.
Opec member Iran is in danger of slipping down the table of oil exporters and leaving a hole in global supply as output stagnates because of a lack of investment blamed on US sanctions and political interference.
Lebanon's opposition-backed main labour union called on Lebanese on Saturday to stage a sit-in next Tuesday to protest Prime Minister Fouad Siniora's economic reform programme.
The Securities and Exchange Commission of Pakistan (SECP) has completed the nomination of four non-member directors of the Islamabad Stock Exchange (ISE) for the term 2007.
The Securities and Exchange Commission of Pakistan (SECP) has nominated four non-broker directors of the Lahore Stock Exchange (LSE), completing total strength of its board of directors.
Niger's prime minister said a long-discussed bill to decriminalise violations of press laws would go before parliament in March, potentially ending the frequent imprisonment of journalists in the West African state.
The Council of the Institute of Bankers Pakistan has approved the result of ISQ examination winter 2006 held in November, 2006. Following candidates have been qualified for JAIBP or Stage-III, Stage-II, Stage-I and Special Certificate Examination.
The Sensitive Price Indicator (SPI) year-on-year of 53 essential items for the week ending on January 4, 2007 registered 11.38 percent increase as compared to the corresponding week of last year. The SPI is maintaining its double-digit trend for the past
The Sensitive Price Indicator (SPI) year-on-year of 53 essential items for the week ending on January 4, 2007 registered 11.38 percent increase as compared to the corresponding week of last year. The SPI is maintaining its double-digit trend for the past
The Punjab government is making all out efforts to provide better education facilities to the children of workers in the province. Nine education institutions are being set up at a cost of Rs 400 million.