News Archives for Print - 2007-03-03 - Business Recorder

AGL 38.00 ▲ 0.01 (0.03%)

AIRLINK 210.38 ▼ -5.15 (-2.39%)

BOP 9.48 ▼ -0.32 (-3.27%)

CNERGY 6.48 ▼ -0.31 (-4.57%)

DCL 8.96 ▼ -0.21 (-2.29%)

DFML 38.37 ▼ -0.59 (-1.51%)

DGKC 96.92 ▼ -3.33 (-3.32%)

FCCL 36.40 ▼ -0.30 (-0.82%)

FFBL 88.94 ▼ 0.00 (0%)

FFL 14.95 ▲ 0.46 (3.17%)

HUBC 130.69 ▼ -3.44 (-2.56%)

HUMNL 13.29 ▼ -0.34 (-2.49%)

KEL 5.50 ▼ -0.19 (-3.34%)

KOSM 6.93 ▼ -0.39 (-5.33%)

MLCF 44.78 ▼ -1.09 (-2.38%)

NBP 59.07 ▼ -2.21 (-3.61%)

OGDC 230.13 ▼ -2.46 (-1.06%)

PAEL 39.29 ▼ -1.44 (-3.54%)

PIBTL 8.31 ▼ -0.27 (-3.15%)

PPL 200.35 ▼ -2.99 (-1.47%)

PRL 38.88 ▼ -1.93 (-4.73%)

PTC 26.88 ▼ -1.43 (-5.05%)

SEARL 103.63 ▼ -4.88 (-4.5%)

TELE 8.45 ▼ -0.29 (-3.32%)

TOMCL 35.25 ▼ -0.58 (-1.62%)

TPLP 13.52 ▼ -0.32 (-2.31%)

TREET 25.01 ▲ 0.63 (2.58%)

TRG 64.12 ▲ 2.97 (4.86%)

UNITY 34.52 ▼ -0.32 (-0.92%)

WTL 1.78 ▲ 0.06 (3.49%)

BR100 12,096 -150 (-1.22%)

BR30 37,715 -670.4 (-1.75%)

KSE100 112,415 -1509.6 (-1.33%)

KSE30 35,508 -535.7 (-1.49%)

اردو

Dec 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2007-03-03

Message from Director, Indira School of Communications, Pune; Advertising Club Past President (1989-1990)

Message from Director, Indira School of Communications, Pune; Advertising Club Past President (1989-1990)

I am associated with these awards from the days when they were the Ad Club awards. And I think what we did was create a brand called 'Abby'. It was the first award after Filmfare to be a brand in itself.

Published 03 Mar, 2007 12:00am

SBP issues guidelines for fisheries financing

SBP issues guidelines for fisheries financing

The State Bank of Pakistan on Friday issued 'Guidelines for Fisheries Financing' to facilitate and encourage the banks/financial institutions to enhance the flow of credit to the fisheries sector.

Published 03 Mar, 2007 12:00am

Message from CEO, Zee Telefilms; Advertising Club Past President (2001-2003)

Message from CEO, Zee Telefilms; Advertising Club Past President (2001-2003)

To become relevant and mainstream, Indian advertising needs to emerge out of the mythical cocoon it has built for itself and become more accessible to audiences at large.

Published 03 Mar, 2007 12:00am

SBP issues guidelines for fisheries financing

SBP issues guidelines for fisheries financing

The State Bank of Pakistan on Friday issued 'Guidelines for Fisheries Financing' to facilitate and encourage the banks/financial institutions to enhance the flow of credit to the fisheries sector.

Published 03 Mar, 2007 12:00am

Message from Executive Director & CEO-FCB Ulka, Mumbai, Advertising Club Past President (2003-2005)

Message from Executive Director & CEO-FCB Ulka, Mumbai, Advertising Club Past President (2003-2005)

Abby is THE creative ad award of India. There have been many more awards and there will be many more; but Abby is the definitive creative award. Abby is the anchor event around which the entire Ad Club calendar of events is organised.

Published 03 Mar, 2007 12:00am

BRIndex30 loses 97.32 points

BRIndex30 loses 97.32 points

On Friday, the BRIndex30 opened in the green zone, at 12,047.97, but went red before closing in the first half and remained there for whole of the second half, closing at 11,950.81 with a net negative change of -97.32 points and percentage change of -0.81

Published 03 Mar, 2007 12:00am

Message from General Manager Advertising Club Bombay, India

Message from General Manager Advertising Club Bombay, India

ABBY the 40 year old premier brand of the AdClub is what it is today on account of the efforts of all those who have worked very closely on it be it the past presidents, chairperson of the ABBY awards function committee or the Adclub Secretariat.

Published 03 Mar, 2007 12:00am

BRIndex30 loses 97.32 points

BRIndex30 loses 97.32 points

On Friday, the BRIndex30 opened in the green zone, at 12,047.97, but went red before closing in the first half and remained there for whole of the second half, closing at 11,950.81 with a net negative change of -97.32 points and percentage change of -0.81

Published 03 Mar, 2007 12:00am

Message from President The Advertising Club Bombay, India

Message from President The Advertising Club Bombay, India

The Ad Club, Bombay this year will be hosting the most coveted advertising awards of the industry, the 40th ABBY Awards 2007 on March 3, 2007. Abby awards has now become an international event upon the inclusion of entries from South East Asian countries

Published 03 Mar, 2007 12:00am

Offloading sends KSE reeling

Offloading sends KSE reeling

The Karachi share market on Friday opened on a positive note and the KSE-100 index hit 11,290.59 points intra-day high on the back of acceptance of amendments in Client Level Netting (CLN) regime by regulator.

Published 03 Mar, 2007 12:00am

BRIDGE NOTES: 'The Reds' ladies team from Lahore wins Bridge Trails

BRIDGE NOTES: 'The Reds' ladies team from Lahore wins Bridge Trails

Karachi was selected to serve as venue for holding countrywide bridge trails for top male and female teams to represent the country in the 14th BFAME, bridge competition, after 22 years, in May this year.

Published 03 Mar, 2007 12:00am

Offloading sends KSE reeling

Offloading sends KSE reeling

The Karachi share market on Friday opened on a positive note and the KSE-100 index hit 11,290.59 points intra-day high on the back of acceptance of amendments in Client Level Netting (CLN) regime by regulator.

Published 03 Mar, 2007 12:00am

SPORTS WORLD: Shoaib, Asif out of World Cup squad: Inzamam worried over team's traditional weaknesses

SPORTS WORLD: Shoaib, Asif out of World Cup squad: Inzamam worried over team's traditional weaknesses

Pakistan's pace battery has suffered another serious jolt when doping-tainted new ball pace duo Shoaib Akhtar and Mohammad Asif were ruled out of the World Cup due to their injuries, which will take at least two weeks to heal.

Published 03 Mar, 2007 12:00am

Offloading sends KSE reeling

Offloading sends KSE reeling

The Karachi share market on Friday opened on a positive note and the KSE-100 index hit 11,290.59 points intra-day high on the back of acceptance of amendments in Client Level Netting (CLN) regime by regulator.

Published 03 Mar, 2007 12:00am

TV THOUGHT: The sterile mood of audiences in live and recorded shows; excellent 'Khwateen Time'

TV THOUGHT: The sterile mood of audiences in live and recorded shows; excellent 'Khwateen Time'

I want to begin with interviews of the Federal Railways Minister Shaikh Rashid Ahmed on the subject of the Samjhota Express tragedy. Which has also once again raised the issue of bilateral ties between India and Pakistan.

Published 03 Mar, 2007 12:00am

Advisor sees $100 billion foreign investment in a decade

Advisor sees $100 billion foreign investment in a decade

Advisor to the Prime Minister on Finance and Revenue, Dr Salman Shah said on Friday that Pakistan expects 100 billion dollars foreign investment in construction and other sectors during the next ten years as its economy is growing on fast track.

Published 03 Mar, 2007 12:00am

Chronic kidney diseases: a developing country's perspective

Chronic kidney diseases: a developing country's perspective

International Society of Nephrology (ISN) and International Federation of Kidney Foundation (IFKF) have earmarked second Thursday of March each year for World Kidney Day. Last year the day was observed in Pakistan on 9th March 2007 to create awareness for

Published 03 Mar, 2007 12:00am

Government hopeful of $6 billion investment by expatriates

Government hopeful of $6 billion investment by expatriates

The government is anticipating an investment of $6 billion by overseas Pakistanis, for which government provides a conducive atmosphere to attract more investment, said Minister for Labour, Manpower and Overseas Pakistanis Ghulam Sarwar Khan in a press br

Published 03 Mar, 2007 12:00am

LAHORE CULTURAL DIARY: multi-colour kites return to Lahore skyline

LAHORE CULTURAL DIARY: multi-colour kites return to Lahore skyline

Kite flying festival Basant and Jashne Baharaan (Spring Festival) over shadowed all other events in Lahore during the past week. Other noticeable cultural events (some linked with spring festival) included a couple of book fairs, a seminar on arts, a musi

Published 03 Mar, 2007 12:00am

CBR and NAB not probing tax fraud cases jointly

CBR and NAB not probing tax fraud cases jointly

The Central Board of Revenue (CBR) and National Accountability Bureau (NAB) are not jointly investigating tax fraud/evasion cases detected through the Board''s internal audit, inspection intelligence or investigation systems.

Published 03 Mar, 2007 12:00am

REMEMBERING OUR LEGENDS: Composer of living tunes he was-M Ashraf

REMEMBERING OUR LEGENDS: Composer of living tunes he was-M Ashraf

Film composer M. Ashraf, died in Lahore on February 5, 2007, a large number of his tunes for movie songs became popular since he made his debut in the decade of 1970. Some of these continue to remain sweet on the ears of the listeners.

Published 03 Mar, 2007 12:00am

CBR and NAB not probing tax fraud cases jointly

CBR and NAB not probing tax fraud cases jointly

The Central Board of Revenue (CBR) and National Accountability Bureau (NAB) are not jointly investigating tax fraud/evasion cases detected through the Board's internal audit, inspection intelligence or investigation systems.

Published 03 Mar, 2007 12:00am

CAPITAL CULTURAL SCENE: Uproar in parliament in pursuit of history

CAPITAL CULTURAL SCENE: Uproar in parliament in pursuit of history

Ancient hertage echoed in the parliament: It was a day (February 21) when our parliamentarians too were engaged in talking, l even shouting, over the issue of the primitive civilisations of Moenjodaro, Harappa and Ghandhara, which are rightly described as

Published 03 Mar, 2007 12:00am

CBR and NAB not probing tax fraud cases jointly

CBR and NAB not probing tax fraud cases jointly

The Central Board of Revenue (CBR) and National Accountability Bureau (NAB) are not jointly investigating tax fraud/evasion cases detected through the Board's internal audit, inspection intelligence or investigation systems.

Published 03 Mar, 2007 12:00am

Health benefits of grapefruit: an appetiser that promotes salivary, gastric digestion

Health benefits of grapefruit: an appetiser that promotes salivary, gastric digestion

Grapefruit occupies a high place among the citrus family because of its flavour, appetising properties and refreshing qualities. The fruit is nutritive and refrigerant and possesses very much the same properties as orange, lemon and lime. The seedless var

Published 03 Mar, 2007 12:00am

LPG prices reduced

LPG prices reduced

The Oil and Gas Regulatory Authority (Ogra) has reduced prices of Liquefied Petroleum Gas (LPG) by Rs 2 per kg and Rs 20 per cylinder. "Ogra has determined maximum base-stock price of LPG at Rs 31,949.45 per MT effective March 3," the regulator said in it

Published 03 Mar, 2007 12:00am

Book romancing, no more an obsession with young generation

Book romancing, no more an obsession with young generation

Book romancing seems to have dwindled greatly in this age of science and technology because of the introduction of modern media of information and knowledge. Millions of books, pamphlets, magazines, newspapers, and broadsides have been published since the

Published 03 Mar, 2007 12:00am

LPG prices reduced

LPG prices reduced

The Oil and Gas Regulatory Authority (Ogra) has reduced prices of Liquefied Petroleum Gas (LPG) by Rs 2 per kg and Rs 20 per cylinder. "Ogra has determined maximum base-stock price of LPG at Rs 31,949.45 per MT effective March 3," the regulator said in it

Published 03 Mar, 2007 12:00am

KARACHI CHRONICLE: Summer with its problems is here

KARACHI CHRONICLE: Summer with its problems is here

Last year, which will go down in Karachi's history as the year of the worst energy crisis, the problems did not begin until late March. This year, however, the city experienced frequent power failure and unofficial loadshedding from the very first week of

Published 03 Mar, 2007 12:00am

LPG prices reduced

LPG prices reduced

The Oil and Gas Regulatory Authority (Ogra) has reduced prices of Liquefied Petroleum Gas (LPG) by Rs 2 per kg and Rs 20 per cylinder. "Ogra has determined maximum base-stock price of LPG at Rs 31,949.45 per MT effective March 3," the regulator said in it

Published 03 Mar, 2007 12:00am

Afghan cleric takes Islamic battle to the airwaves

Afghan cleric takes Islamic battle to the airwaves

When the Soviet Union occupied Afghanistan in the 1980s, Sheikh Mohammad Asif Mohseni formed an Islamic force while in exile to fight alongside other holy warriors against the invaders.

Published 03 Mar, 2007 12:00am

Karachiites hail Rangers

Karachiites hail Rangers

People in Karachi have sent a large number of greetings to the Pakistan Rangers Sindh for the success in seizing narcotics in the province and burning the same under court orders on Thursday in the presence of the Rangers officials, reports UPP correspond

Published 03 Mar, 2007 12:00am

Urdu and Islam main symbols of Pak Muslim identity - I

Urdu and Islam main symbols of Pak Muslim identity - I

Urdu, presently the national language of Pakistan and the identity symbol of Indian Muslims, is associated with Islam in South Asia. This association was forged during British colonial rule when modernity first impacted India.

Published 03 Mar, 2007 12:00am

Pakistan''s foreign exchange reserves hit fresh high

Pakistan''s foreign exchange reserves hit fresh high

Pakistan''s foreign exchange reserves increased by $62 million to another new high of $13.343 billion in the week ending on February 24, the central bank said on Friday.

Published 03 Mar, 2007 12:00am

Turkey buys 80,000 tonnes milling wheat

Turkey buys 80,000 tonnes milling wheat

The Turkish state grain board (TMO) purchased 80,000 tonnes of milling wheat in an import tender at a maximum price of $227.04 per tonne, the TMO said in a statement on Friday. The TMO invited bids last month for importing up to 200,000 tonnes of milling

Published 03 Mar, 2007 12:00am

Pakistan's foreign exchange reserves hit fresh high

Pakistan's foreign exchange reserves hit fresh high

Pakistan's foreign exchange reserves increased by $62 million to another new high of $13.343 billion in the week ending on February 24, the central bank said on Friday.

Published 03 Mar, 2007 12:00am

Russian sugar lobby sees higher raws duty delayed

Russian sugar lobby sees higher raws duty delayed

The Russian Sugar Producers' Union, the industry lobby, said on Friday it expects a raw cane sugar import tariff to stay at $140 per tonne for April, despite earlier saying it had expected a higher tariff next month.

Published 03 Mar, 2007 12:00am

Pakistan's foreign exchange reserves hit fresh high

Pakistan's foreign exchange reserves hit fresh high

Pakistan's foreign exchange reserves increased by $62 million to another new high of $13.343 billion in the week ending on February 24, the central bank said on Friday.

Published 03 Mar, 2007 12:00am

Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 126,484 tonnes cargo including 105,934 tonnes import, 20,550` tonnes export cargo and 4,662 containers during last 24 hours ending at 0700 hours on Friday.

Published 03 Mar, 2007 12:00am

Exports to grow at four percent this year: minister

Exports to grow at four percent this year: minister

Federal commerce minister Humayun Akhtar has said that country''s export will continue to grow at four percent average during the coming months of current financial year.

Published 03 Mar, 2007 12:00am

Indian wheat, soyaoil and sugar futures fall

Indian wheat, soyaoil and sugar futures fall

Indian wheat futures fell for the third day on Friday after the government banned new contracts to tame rising prices. Soyaoil and sugar dropped on good supplies. At 0840 GMT, March wheat futures on the National Commodity and Derivatives Exchange were 7 r

Published 03 Mar, 2007 12:00am

Exports to grow at four percent this year: minister

Exports to grow at four percent this year: minister

Federal commerce minister Humayun Akhtar has said that country's export will continue to grow at four percent average during the coming months of current financial year.

Published 03 Mar, 2007 12:00am

HRW wheat bids mostly firmer

HRW wheat bids mostly firmer

US Plains hard red winter wheat merchants reported the market mostly quiet on Friday with demand remaining light as buyers and sellers alike kept a close eye on falling prices.

Published 03 Mar, 2007 12:00am

Exports to grow at four percent this year: minister

Exports to grow at four percent this year: minister

Federal commerce minister Humayun Akhtar has said that country's export will continue to grow at four percent average during the coming months of current financial year.

Published 03 Mar, 2007 12:00am

US Midwest corn and soyabean mostly steady

US Midwest corn and soyabean mostly steady

Spot corn and soyabean basis bids were mostly steady at interior locations on Thursday, but prices were higher at river points on improved demand. Traders said expectations for demand from Mexico boosted rail corn basis values in Texas and Kansas City. Th

Published 03 Mar, 2007 12:00am

Global stocks stay volatile

Global stocks stay volatile

Volatile global stock markets suffered losses again on Friday, but nervous investors showed signs of recovering their composure after frantic selling earlier in the week.

Published 03 Mar, 2007 12:00am

Philippine February coconut oil exports fall

Philippine February coconut oil exports fall

Coconut oil exports from the Philippines, the world's biggest shipper, probably slipped 4.9 percent in February from the same month last year, and a trader said strong domestic prices would limit shipments in March.

Published 03 Mar, 2007 12:00am

Global stocks stay volatile

Global stocks stay volatile

Volatile global stock markets suffered losses again on Friday, but nervous investors showed signs of recovering their composure after frantic selling earlier in the week.

Published 03 Mar, 2007 12:00am

FOB Gulf soya export premiums firm

FOB Gulf soya export premiums firm

US FOB soyabean export premiums were firm on Thursday amid a slowdown in farmer selling and exporter demand, traders said. Corn and wheat basis offers were mostly steady with a downturn in grain prices failed to spark fresh export demand.

Published 03 Mar, 2007 12:00am

Global stocks stay volatile

Global stocks stay volatile

Volatile global stock markets suffered losses again on Friday, but nervous investors showed signs of recovering their composure after frantic selling earlier in the week.

Published 03 Mar, 2007 12:00am

Indonesia's rice output seen falling

Indonesia's rice output seen falling

Indonesia expects unmilled rice production to fall 2.3 percent to 53.13 million tonnes this year from 54.4 million tonnes in 2006 due to a decrease in planted area, the state statistics bureau said on Thursday.

Published 03 Mar, 2007 12:00am

PPP (Patriots) joints PML

PPP (Patriots) joints PML

The Pakistan Peoples Party (Patriots) headed by Rao Sikandar Iqbal on Friday announced to merge into Pakistan Muslim League (PML) and contest next general elections from the PML platform. The announcement was made by PPPP Chairman Rao Sikandar Iqbal at th

Published 03 Mar, 2007 12:00am

WCE canola futures settle lower

WCE canola futures settle lower

Winnipeg Commodity Exchange canola futures settled lower on Thursday, but the market was firm relative to sharp losses experienced in the allied Chicago Board of Trade soy complex, traders said. "Nobody wants to sell our market because they're already sho

Published 03 Mar, 2007 12:00am

PPP (Patriots) joints PML

PPP (Patriots) joints PML

The Pakistan Peoples Party (Patriots) headed by Rao Sikandar Iqbal on Friday announced to merge into Pakistan Muslim League (PML) and contest next general elections from the PML platform. The announcement was made by PPPP Chairman Rao Sikandar Iqbal at th

Published 03 Mar, 2007 12:00am

CBOT wheat futures lower

CBOT wheat futures lower

Wheat futures at the Chicago Board of Trade fell on Thursday on fund selling tied to long liquidation amid wide price swings in global financial markets, traders said. CBOT wheat closed 2 to 9 cents per bushel lower, with March down 6-1/2 at $4.68 per bus

Published 03 Mar, 2007 12:00am

Multan blast kills three cops, injures judge

Multan blast kills three cops, injures judge

Two police gunmen died on the spot and another succumbed to wounds in Nishtar Hospital here on Friday morning while 10 others were injured, including Judge Bashir Ahmed Bhatti of Anti-terrorism Court No I, Multan.

Published 03 Mar, 2007 12:00am

Corn ends down as exports

Corn ends down as exports

Corn futures at the Chicago Board of Trade ended lower on Thursday on bearish exports and financial concerns that included a drop overnight in Asian stock markets and a volatile day in the US stock market, traders said.

Published 03 Mar, 2007 12:00am

Multan blast kills three cops, injures judge

Multan blast kills three cops, injures judge

Two police gunmen died on the spot and another succumbed to wounds in Nishtar Hospital here on Friday morning while 10 others were injured, including Judge Bashir Ahmed Bhatti of Anti-terrorism Court No I, Multan.

Published 03 Mar, 2007 12:00am

Oil cake market rates

Oil cake market rates

Mixed trend was seen on the forward cottonseed oilcake market on Friday as buyers did buying to meet the immediate needs, dealers said. The March vaida was unchanged at Rs 673.00 and that proved to be day's best and market settled at the same level, they

Published 03 Mar, 2007 12:00am

Activity improves on cotton market

Activity improves on cotton market

Trading activity improved on the cotton market on Friday as ginners showed some flexibility in their attitudes ahead of the Pakistan Cotton Ginners Association (PCGA), dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at

Published 03 Mar, 2007 12:00am

Kirana items down on Jodia Bazar

Kirana items down on Jodia Bazar

The trading on Kirana items ended down on Jodia Bazar here on Friday. The following variations were noted.

Published 03 Mar, 2007 12:00am

Firm trend on grain market

Firm trend on grain market

Firmness prevailed on the grain market on Friday as almost all commodities did not show any change in the process of trading, dealers said. They attributed the steadier trend in the market to balanced demand and supply of the commodities from upcountry ce

Published 03 Mar, 2007 12:00am

NYBoT says cotton stocks fall

NYBoT says cotton stocks fall

Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of February 27 totalled 472,499 (480-lb) bales, from 472,585 bales the previous session. There were 2,833 bales issued, 30,264 bales were awai

Published 03 Mar, 2007 12:00am

MGE wheat down

MGE wheat down

Spring wheat futures at the Minneapolis Grain Exchange ended lower on Thursday, following a sharp drop in Chicago markets, led by corn and soya, traders said.

Published 03 Mar, 2007 12:00am

New York cocoa settles up

New York cocoa settles up

US cocoa open-outcry futures contracts surged a 7-1/2-month high on Thursday from speculative buying to settle higher, traders said.

Published 03 Mar, 2007 12:00am

New York coffee closes near session high

New York coffee closes near session high

US arabica coffee futures gapped lower at the open on Thursday and quickly slid to an eight-day low, but buyers rushed in at the bottom and sent prices to a close near session highs, traders said.

Published 03 Mar, 2007 12:00am

Sri Lanka January tea output falls

Sri Lanka January tea output falls

Sri Lanky tea production fell 14.4 percent in January from a year, the Sri Lanka Tea Board said on Friday, blaming a strike in December and bad weather for the drop. Tea output fell to 21.30 million kg from 24.89 million kg in January 2006.

Published 03 Mar, 2007 12:00am

US copper futures end mixed

US copper futures end mixed

US copper futures ended mixed in thin business on Thursday after an assortment of outside market influences held some investors on the sidelines amid an increase in volatility, analysts said.

Published 03 Mar, 2007 12:00am

US gold and silver tumble

US gold and silver tumble

US silver futures sank four percent and gold dropped over one percent on Thursday, and both precious metals finished sharply lower for a second straight day, as jitters set in after sellers returned to the stock markets.

Published 03 Mar, 2007 12:00am

Tokyo gold plunges

Tokyo gold plunges

Tokyo gold futures plunged by the daily limit to their lowest level in almost one month on Friday as this week's weakness in global shares and strength in the yen against the dollar induced heavy investor selling.

Published 03 Mar, 2007 12:00am

Malaysian tin rises

Malaysian tin rises

Malaysian tin rose 1.1 percent on Friday, tracking higher prices on the London Metal Exchange, one trader said.

Published 03 Mar, 2007 12:00am

Shanghai copper eases

Shanghai copper eases

Shanghai copper futures edged lower on Friday, awaiting direction, while technical weakness battled with expectations of continued consumer buying. Shanghai copper for May delivery slipped to 57,250 yuan ($7,393) a tonne, from 57,490 yuan on Thursday.

Published 03 Mar, 2007 12:00am

Oil eases, near $62

Oil eases, near $62

Oil prices edged down but held near $62 on Friday as refinery glitches and lower gasoline stock levels in the United States led to worries over summer fuel demand. US crude slipped 25 cents to $61.75 a barrel, after ending 21 cents higher on Thursday at $

Published 03 Mar, 2007 12:00am

Indonesian palm oil mixed

Indonesian palm oil mixed

Indonesian palm oil prices were mixed on Thursday as choppy trading in Malaysian crude palm oil futures dampened trading interest. In Jakarta, crude palm oil at the state marketing centre's auction.

Published 03 Mar, 2007 12:00am

New York sugar finishes firm

New York sugar finishes firm

Raw sugar futures ended sharply higher on Thursday on investment fund buying and the firm close may enable the market to edge higher before the weekend, brokers said. The New York Board of Trade's May raw sugar contract rose 0.41 cent or by 3.8 percent to

Published 03 Mar, 2007 12:00am

Soyabeans/meal/oil sink after Asia stocks fall

Soyabeans/meal/oil sink after Asia stocks fall

The Chicago Board of Trade soyabean market sank on Thursday amid financial worries after China's main stock index closed 3 percent lower, traders said.

Published 03 Mar, 2007 12:00am

CBOT rice firm

CBOT rice firm

Chicago Board of Trade rough rice futures ended firm on Thursday, the opposite trend of all the other CBOT markets. New-crop November rice led the market higher, supported by ideas of fewer rice plantings this spring compared to 2006.

Published 03 Mar, 2007 12:00am

Tokyo rubber dips on firm yen

Tokyo rubber dips on firm yen

Tokyo rubber futures tumbled for the fourth consecutive day on Friday as a firm yen and a broad decline in commodities spurred selling. Gold futures on the Tokyo Commodity Exchange fell by the daily 60-yen limit, with the exception of the prompt contract,

Published 03 Mar, 2007 12:00am

Malaysian palm oil futures end down

Malaysian palm oil futures end down

Malaysian crude palm oil futures closed lower in thin trade on Friday, dragged down by lower US soyaoil prices, dealers said. The benchmark third-month may contract on the Bursar Malaysia Derivatives exchange finished down 10 ringgit at 1,940 ringgit ($55

Published 03 Mar, 2007 12:00am

Delta Air posts narrower loss

Delta Air posts narrower loss

Delta Air Lines Inc, which aims to exit bankruptcy this spring, on Friday posted a narrower loss for January amid increased capacity and higher ticket prices. Delta, the No 3 US carrier, had a net loss of $109 million, compared with $300 million in Januar

Published 03 Mar, 2007 12:00am

Delta Air posts narrower loss

Delta Air posts narrower loss

Delta Air Lines Inc, which aims to exit bankruptcy this spring, on Friday posted a narrower loss for January amid increased capacity and higher ticket prices. Delta, the No 3 US carrier, had a net loss of $109 million, compared with $300 million in Januar

Published 03 Mar, 2007 12:00am

General Motors US sales rise, Toyota soars

General Motors US sales rise, Toyota soars

General Motors Corp posted an unexpected monthly sales rise on Thursday late and Japan's Toyota Motor Co made further market inroads as February US auto sales avoided the slump most analysts had predicted. GM's 3 percent year-on-year February sales gain m

Published 03 Mar, 2007 12:00am

General Motors US sales rise, Toyota soars

General Motors US sales rise, Toyota soars

General Motors Corp posted an unexpected monthly sales rise on Thursday late and Japan's Toyota Motor Co made further market inroads as February US auto sales avoided the slump most analysts had predicted. GM's 3 percent year-on-year February sales gain m

Published 03 Mar, 2007 12:00am

California needs billions in bonds

California needs billions in bonds

California's approval of record levels of debt last year was just the start of many more billions of dollars of borrowing needed for the country's most populous state, Governor Arnold Schwarzenegger said on Thursday.

Published 03 Mar, 2007 12:00am

California needs billions in bonds

California needs billions in bonds

California's approval of record levels of debt last year was just the start of many more billions of dollars of borrowing needed for the country's most populous state, Governor Arnold Schwarzenegger said on Thursday.

Published 03 Mar, 2007 12:00am

Green cars to set tone in Geneva

Green cars to set tone in Geneva

Challenged to cut cars' output of climate-warming greenhouse gases, global automakers get the chance at next week's show in Geneva to prove they can make products that are fun to drive but won't wreck the environment. The only question is whether people w

Published 03 Mar, 2007 12:00am

No talk of breakthrough as key trade talks loom

No talk of breakthrough as key trade talks loom

Key trade ministers meet in London at the weekend under growing pressure to reach a deal in global free trade talks, but diplomats warned on Friday against expecting a breakthrough.

Published 03 Mar, 2007 12:00am

Japan consumer price inflation grinds to a halt

Japan consumer price inflation grinds to a halt

Japanese core consumer price rises ground to a halt in January, matching a market forecast and reinforcing expectations that the Bank of Japan will tighten credit only slowly. A flurry of other economic data sent conflicting signals. Household spending un

Published 03 Mar, 2007 12:00am

UPS cancels A380

UPS cancels A380

Troubled Airbus suffered its second hammerblow in a week on Friday when the last cargo customer deserted the freight version of its delayed A380 superjumbo, days after the planemaker announced 10,000 job cuts.

Published 03 Mar, 2007 12:00am

EU and US agree tentative 'open skies' deal

EU and US agree tentative 'open skies' deal

The European Union and United States agreed on Friday to the outlines of a new pact to open transatlantic aviation markets, smoothing over a rift on airline ownership in the hope of boosting traffic and creating jobs.

Published 03 Mar, 2007 12:00am

Canada fourth quarter growth eases

Canada fourth quarter growth eases

Canada's economy slowed in the fourth quarter of 2006, as expected, but a surprising rebound in December suggests an upturn this year and economists see no reason for the Bank of Canada to change interest rates any time soon.

Published 03 Mar, 2007 12:00am

Wolfowitz pushes for new funds for World Bank

Wolfowitz pushes for new funds for World Bank

World Bank President Paul Wolfowitz hopes the United States will be a leader, not a follower, when it comes to committing new funds for the world's poorest countries in negotiations of the bank's 40 biggest donors starting in Paris next week.

Published 03 Mar, 2007 12:00am

Eurozone PPI growth slows

Eurozone PPI growth slows

Lower energy costs slowed the growth of prices at factory gates in January in the eurozone, data showed on Friday, pointing to subdued inflationary pressures but unlikely to avert a rise in ECB interest rates.

Published 03 Mar, 2007 12:00am

US charges 13 in insider trading, bribery cases

US charges 13 in insider trading, bribery cases

Employees of some of Wall Street's top banks were among more than a dozen people charged on Thursday in what authorities called one of the most pervasive insider trading rings since the 1980s, accused of using leaked information and even blackmail to make

Published 03 Mar, 2007 12:00am

Malaysia Airlines sells luxury four Seasons to Saudi prince

Malaysia Airlines sells luxury four Seasons to Saudi prince

Malaysia Airlines has sold its luxury Four Seasons Hotel on the tourist island of Langkawi to a firm controlled by a Saudi royal tycoon for 435.0 million ringgit (124.3 million dollars).

Published 03 Mar, 2007 12:00am

VAT hike hammers German retail sales

VAT hike hammers German retail sales

German retail sales plunged by nearly 10 percent in January, the sharpest monthly fall since reunification in 1990, as a hike in value-added tax (VAT) hit spending despite aggressive discounting and mild weather. Economists said they still expected Europe

Published 03 Mar, 2007 12:00am

Regulators tighten rules for mortgage lenders

Regulators tighten rules for mortgage lenders

US regulators urged mortgage lenders in draft guidance on Friday to better evaluate whether less credit-worthy borrowers will be able to repay their loans and make clear the risks they face as mortgage rates are reset.

Published 03 Mar, 2007 12:00am

Taiwan stocks at 1-1/2-month low

Taiwan stocks at 1-1/2-month low

Taiwan shares ended down 0.10 percent on Friday at a one-and-a-half-month closing low, with heavyweights like Hon Hai falling as major markets slipped further after a global sell-off this week.

Published 03 Mar, 2007 12:00am

Malaysian shares close 1.37 percent lower

Malaysian shares close 1.37 percent lower

Malaysian share prices closed 1.37 percent lower on Friday as selling pressure intensified in the afternoon session of trade, dealers said. They said investors were reluctant to commit to positions ahead of the weekend after the recent global sell-off.

Published 03 Mar, 2007 12:00am

Hong Kong blue chips climb

Hong Kong blue chips climb

Hong Kong blue chips rose 0.5 percent on Friday to end a five-session losing streak, but China issues slid to an 11-week closing low as mainland insurers extended losses. "The confidence of investors is still weak," said Ernie Hon, strategist at ICEA Secu

Published 03 Mar, 2007 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular

Today
Yesterday
Past 3 Days

NJLI Sarmaya Growth Fund Rates

Jul-Nov FY25: Foreign borrowing, including $1.03bn from IMF, falls YoY

Jul-Nov FY25: Foreign borrowing, including $1.03bn from IMF, falls YoY

Sapphire Electronics to manufacture & assemble Samsung products in Pakistan

Sapphire Electronics to manufacture & assemble Samsung products in Pakistan

Mari Petroleum Company Limited

Mari Petroleum Company Limited

US concerned over sentencing of Pakistanis by military courts

US concerned over sentencing of Pakistanis by military courts

MARI completes disposal of withheld bonus shares

MARI completes disposal of withheld bonus shares

Profit-taking maintains grip as KSE-100 sheds over 1,500 points

Profit-taking maintains grip as KSE-100 sheds over 1,500 points

High returns to benefit investors, spur jobs: Aleem

High returns to benefit investors, spur jobs: Aleem

IFC, local banks to provide $52.2mn financing for tyre production in Pakistan

IFC, local banks to provide $52.2mn financing for tyre production in Pakistan