News Archives for Print - 2007-03-09

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 09 Mar, 2007 12:00am

Monster US online jobs index up 5.4 percent in February

A gauge of US online labour demand jumped in February to a record high, with the steepest gains in the utilities sector and transportation and warehousing, a report showed on Thursday.

Published 09 Mar, 2007 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

EU blocks Ecuador bid

The European Union on Thursday exercised its right to block Ecuador's initial request for a World Trade Organisation panel to investigate charges that EU banana import tariffs are too high and break trade rules.

Published 09 Mar, 2007 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

Conoco and Chevron agree May 1 handover in Venezuela

Venezuela said on Thursday US oil giants ConocoPhillips and Chevron Corp have agreed to cede by May 1 operations of multibillion-dollar projects in the Orinoco heavy crude belt.

Published 09 Mar, 2007 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

ISE equities show healthy signs

Equities showed healthy signs at the Islamabad Stock Exchange (ISE) where bulls commanded the proceedings under the lead of trend-setters amid increase in index. ISE Ten Index showed an improvement of 32.53 points, as index moved from 2,649.23 to 2,681.76

Published 09 Mar, 2007 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

ISE equities show healthy signs

Equities showed healthy signs at the Islamabad Stock Exchange (ISE) where bulls commanded the proceedings under the lead of trend-setters amid increase in index. ISE Ten Index showed an improvement of 32.53 points, as index moved from 2,649.23 to 2,681.76

Published 09 Mar, 2007 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

LSE stays bullish

The local share market stayed bullish for the second consecutive session on Thursday on account of buying in cement and oil sector stocks, which helped the index, record a fresh gain of 51.12 points. The LSE-25 index soared to 4554.11 points from 4,502.99

Published 09 Mar, 2007 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

LSE stays bullish

The local share market stayed bullish for the second consecutive session on Thursday on account of buying in cement and oil sector stocks, which helped the index, record a fresh gain of 51.12 points. The LSE-25 index soared to 4554.11 points from 4,502.99

Published 09 Mar, 2007 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

Peace talks bring positive results: Manmohan

Indian Prime Minister Manmohan Singh said that peace talks with Pakistan had brought "positive results." "We have been working purposefully for all-round improvement of relations with Pakistan," he told parliament on Thursday. "Efforts we have made are be

Published 09 Mar, 2007 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

Peace talks bring positive results: Manmohan

Indian Prime Minister Manmohan Singh said that peace talks with Pakistan had brought "positive results." "We have been working purposefully for all-round improvement of relations with Pakistan," he told parliament on Thursday. "Efforts we have made are be

Published 09 Mar, 2007 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

Musharraf and Ahmadinejad discuss Middle East crisis

President General Pervez Musharraf spoke to president of Iran Ahmadinejad last night. The President welcomed the Iranian President's visit to Saudi Arabia and his meeting with King Abdullah. He expressed the confidence that this visit will strengthen the

Published 09 Mar, 2007 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

Musharraf and Ahmadinejad discuss Middle East crisis

President General Pervez Musharraf spoke to president of Iran Ahmadinejad last night. The President welcomed the Iranian President's visit to Saudi Arabia and his meeting with King Abdullah. He expressed the confidence that this visit will strengthen the

Published 09 Mar, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

Walid made PTCL president and chief executive

The board of directors, Pakistan Telecommunication Limited (PTCL) on Thursday appointed Walid Irshaid, a career telecom professional, as the president and chief executive officer (CEO) of PTCL to succeed Mohammad Bamakhrama, who will return to Etisalat UA

Published 09 Mar, 2007 12:00am

Barclays bid rates and maximum rates for payment of interest

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

Published 09 Mar, 2007 12:00am

Walid made PTCL president and chief executive

The board of directors, Pakistan Telecommunication Limited (PTCL) on Thursday appointed Walid Irshaid, a career telecom professional, as the president and chief executive officer (CEO) of PTCL to succeed Mohammad Bamakhrama, who will return to Etisalat UA

Published 09 Mar, 2007 12:00am

State Bank of Pakistan conversion rates

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

Published 09 Mar, 2007 12:00am

Walid made PTCL president and chief executive

The board of directors, Pakistan Telecommunication Limited (PTCL) on Thursday appointed Walid Irshaid, a career telecom professional, as the president and chief executive officer (CEO) of PTCL to succeed Mohammad Bamakhrama, who will return to Etisalat UA

Published 09 Mar, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am

Textile sector revival: Rs 29.761 billion tax relief package suggested

The Ministry of Textile Industry has recommended Rs 29.761 billion tax relief incentive package for revival of the textile sector. It has demanded duty free imports of garments/home textile sectors accessories, reduction of tax on power looms, inclusion o

Published 09 Mar, 2007 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 09 Mar, 2007 12:00am

Textile sector revival: Rs 29.761 billion tax relief package suggested

The Ministry of Textile Industry has recommended Rs 29.761 billion tax relief incentive package for revival of the textile sector. It has demanded duty free imports of garments/home textile sectors accessories, reduction of tax on power looms, inclusion o

Published 09 Mar, 2007 12:00am

US Midwest corn and soya bids mostly steady

Spot basis bids for corn and soyabeans were mostly steady around the interior US Midwest on Wednesday amid slow country movement, grain dealers said. Cash bids for corn did fall along rivers as CIF values have declined through the week.

Published 09 Mar, 2007 12:00am

Textile sector revival: Rs 29.761 billion tax relief package suggested

The Ministry of Textile Industry has recommended Rs 29.761 billion tax relief incentive package for revival of the textile sector. It has demanded duty free imports of garments/home textile sectors accessories, reduction of tax on power looms, inclusion o

Published 09 Mar, 2007 12:00am

Singapore bunker fuel prices rise

Singapore bunker prices rose on Thursday, while the differential to cargo values jumped to $6-$7 a tonne amid tight supplies, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $301-$303 a tonne, while its differential to fuel oil ca

Published 09 Mar, 2007 12:00am

Textile sector revival: Rs 29.761 billion tax relief package suggested

The Ministry of Textile Industry has recommended Rs 29.761 billion tax relief incentive package for revival of the textile sector. It has demanded duty free imports of garments/home textile sectors accessories, reduction of tax on power looms, inclusion o

Published 09 Mar, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 68,179 tonnes cargo including 57,338 tonnes import, 10,841` tonnes export cargo and 4,034 containers during last 24 hours ending at 0700 hours on Thursday.

Published 09 Mar, 2007 12:00am

BRIndex30 up 194.83 points

On Thursday BRIndex30 opened at 12,041.37 in the green zone and remained there for whole of the trading time. It closed at 12,234.03. BRIndex30 registered a net positive change of 194.83 or 1.62 percent with intra-day high of 12,245.77 and low of 12,041.3

Published 09 Mar, 2007 12:00am

Morocco licenses import of EU soft wheat

Morocco's state grains agency ONICL has awarded licences to import 165,000 tonnes of European Union soft wheat at reduced import duties in a tender which closed on Wednesday, European traders said on Thursday.

Published 09 Mar, 2007 12:00am

BRIndex30 up 194.83 points

On Thursday BRIndex30 opened at 12,041.37 in the green zone and remained there for whole of the trading time. It closed at 12,234.03. BRIndex30 registered a net positive change of 194.83 or 1.62 percent with intra-day high of 12,245.77 and low of 12,041.3

Published 09 Mar, 2007 12:00am

HRW wheat steady

US Plains hard red winter wheat basis bids held steady Wednesday, with the sellers sidelined by declining futures prices and demand light, merchants said. It's dead, there is nothing going on. The price of corn, the price of wheat, everything is down so n

Published 09 Mar, 2007 12:00am

Bull run continues on KSE

Bullish trend continued at the Karachi share market on the third consecutive day on the back of fresh fund injection by the foreign investors in the country''s share market, rebound in oil prices in the international market and new oil reserves exploratio

Published 09 Mar, 2007 12:00am

FOB Gulf corn export premiums steady

US FOB corn export premiums held steady at the Gulf on Wednesday but traders were keeping an eye on a strike in Argentina that was preventing corn loadings and could switch some business to the Pacific Northwest, traders said.

Published 09 Mar, 2007 12:00am

Bull run continues on KSE

Bullish trend continued at the Karachi share market on the third consecutive day on the back of fresh fund injection by the foreign investors in the country's share market, rebound in oil prices in the international market and new oil reserves exploration

Published 09 Mar, 2007 12:00am

CBOT corn ends higher

Corn futures at the Chicago Board of Trade closed higher on Wednesday on a climb in crude oil and talk of shipping problems at an Argentine port, traders said. "They were talking about crude oil bouncing back and shipping problems out of an Argentine port

Published 09 Mar, 2007 12:00am

Bull run continues on KSE

Bullish trend continued at the Karachi share market on the third consecutive day on the back of fresh fund injection by the foreign investors in the country's share market, rebound in oil prices in the international market and new oil reserves exploration

Published 09 Mar, 2007 12:00am

CBOT wheat futures rise

Wheat futures on the Chicago Board of Trade closed higher on Wednesday, rebounding from Tuesday's declines, as a surge in the soy and energy markets triggered speculative buying, traders said. Wheat-specific news was lacking and trade was thin.

Published 09 Mar, 2007 12:00am

Indian raw cotton prices increased

After Pakistan placed huge import orders, the Indian exporters have raised prices of raw cotton by 2-4 cent per pound (around Rs 150-200 per maund) to 64 cent per pound. Importers told Business Recorder on Wednesday that Indian raw cotton demand is

Published 09 Mar, 2007 12:00am

Oil cake market rates

The March vaida was unchanged at Rs 662,00 While the May vaida was lower on the forward cottonseed oilcake market on Thursday as buying remained confined to meet the near-term needs, dealers said.

Published 09 Mar, 2007 12:00am

Indian raw cotton prices increased

After Pakistan placed huge import orders, the Indian exporters have raised prices of raw cotton by 2-4 cent per pound (around Rs 150-200 per maund) to 64 cent per pound. Importers told Business Recorder on Wednesday that Indian raw cotton demand is

Published 09 Mar, 2007 12:00am

Cotton market closes sans any deal

Dullness prevailed on the cotton market on Thursday as both the buyers and sellers failed to find a meeting ground, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2,525, without upcountry expenses.

Published 09 Mar, 2007 12:00am

Indian raw cotton prices increased

After Pakistan placed huge import orders, the Indian exporters have raised prices of raw cotton by 2-4 cent per pound (around Rs 150-200 per maund) to 64 cent per pound. Importers told Business Recorder on Wednesday that Indian raw cotton demand is

Published 09 Mar, 2007 12:00am

Pulses rates

Following are Thursday's wholesale prices for pulses supplied by the Karachi Wholesale Grocers Association.

Published 09 Mar, 2007 12:00am

July-February trade deficit stands at $8.89 billion: exports post 3.86 percent growth

The country''s exports have posted $406 million or 3.86 percent growth while trade deficit has been $8.899 billion during the first eight months (July-February) of the current fiscal against the corresponding period last year.

Published 09 Mar, 2007 12:00am

Kirana items mixed on Jodia Bazar

The trading on Kirana items showed mixed trend on Jodia Bazar here on Thursday. The following variations were noted.

Published 09 Mar, 2007 12:00am

July-February trade deficit stands at $8.89 billion: exports post 3.86 percent growth

The country's exports have posted $406 million or 3.86 percent growth while trade deficit has been $8.899 billion during the first eight months (July-February) of the current fiscal against the corresponding period last year.

Published 09 Mar, 2007 12:00am

Prices fall sharply on grain market

Grams prices fell sharply on the local grain market on Thursday in process of trading, dealers said. On the cereal side wheat Mexipak old and new both shed Rs 5 to Rs 1205-1220.

Published 09 Mar, 2007 12:00am

July-February trade deficit stands at $8.89 billion: exports post 3.86 percent growth

The country's exports have posted $406 million or 3.86 percent growth while trade deficit has been $8.899 billion during the first eight months (July-February) of the current fiscal against the corresponding period last year.

Published 09 Mar, 2007 12:00am

Steady condition continues on cotton market

Depleting domestic stocks of cotton and unfulfilled demand of the Pakistani mills is likely to keep cotton prices in a steady position. With about one million bales (170 kgs) or marginally more left unsold with the ginners from the current crop (2006-07)

Published 09 Mar, 2007 12:00am

Blocking US aid cut bill: Pakistan will step up diplomatic efforts

Pakistan will step up diplomatic efforts to block a proposed US legislation that seeks the suspension of military aid if Islamabad fails to halt resurgent Taliban inside its territory.

Published 09 Mar, 2007 12:00am

Steady condition continues on cotton market

Depleting domestic stocks of cotton and unfulfilled demand of the Pakistani mills is likely to keep cotton prices in a steady position. With about one million bales (170 kgs) or marginally more left unsold with the ginners from the current crop (2006-07)

Published 09 Mar, 2007 12:00am

Blocking US aid cut bill: Pakistan will step up diplomatic efforts

Pakistan will step up diplomatic efforts to block a proposed US legislation that seeks the suspension of military aid if Islamabad fails to halt resurgent Taliban inside its territory.

Published 09 Mar, 2007 12:00am

MGE wheat higher

Spring wheat futures on the Minneapolis Grain Exchange closed higher on Wednesday, as a rally in crude oil prices triggered speculative buying in Chicago Board of Trade grains, traders said. Inter-market wheat spreads added support, with firms buying Minn

Published 09 Mar, 2007 12:00am

Textile sector: ministry nullifies points raised in gas tariff report

The Ministry of Petroleum and Natural Resources (MNPR) in a statement issued last week has nullified the points raised in the gas tariff report presented by Zubair Motiwala with reference to textile sector.

Published 09 Mar, 2007 12:00am

New York cocoa firms on late-day

US cocoa open-outcry futures contracts closed sharply higher on Wednesday, on a late-day speculative buying spree after dip near a fresh four-week low dating back to February, floor sources said.

Published 09 Mar, 2007 12:00am

Textile sector: ministry nullifies points raised in gas tariff report

The Ministry of Petroleum and Natural Resources (MNPR) in a statement issued last week has nullified the points raised in the gas tariff report presented by Zubair Motiwala with reference to textile sector.

Published 09 Mar, 2007 12:00am

New York coffee slips to 4-1/2-month low

US arabica coffee futures closed with only moderate losses on Wednesday pulling up from the fresh low dating back to October 23 set, as commercial buyers took advantage of the decline, dealers said.

Published 09 Mar, 2007 12:00am

Textile sector: ministry nullifies points raised in gas tariff report

The Ministry of Petroleum and Natural Resources (MNPR) in a statement issued last week has nullified the points raised in the gas tariff report presented by Zubair Motiwala with reference to textile sector.

Published 09 Mar, 2007 12:00am

US copper ends at one-week high

US copper futures settled at a one-week high on Wednesday, garnering strength from a firmer base metals complex in London and a production halt at a major Chilean mine, traders and analysts said.

Published 09 Mar, 2007 12:00am

Proceedings against stock brokers: SECP asked to submit report till April 10

The National Assembly standing committee on Finance has directed the Securities and Exchange Commission of Pakistan (SECP) to submit an investigation report on the brokers and financial institutions involved in March 2006 stock exchange crash by April 10.

Published 09 Mar, 2007 12:00am

US gold futures make gains

US gold futures finished 1 percent higher for the second straight day on Wednesday, as investors continued to take cues from the stock market, as well as the rising crude oil prices.

Published 09 Mar, 2007 12:00am

Proceedings against stock brokers: SECP asked to submit report till April 10

The National Assembly standing committee on Finance has directed the Securities and Exchange Commission of Pakistan (SECP) to submit an investigation report on the brokers and financial institutions involved in March 2006 stock exchange crash by April 10.

Published 09 Mar, 2007 12:00am

Tokyo gold firms

Tokyo gold futures firmed on Thursday as spot gold showed resilience after the recent sell-off and stayed near $650 an ounce, helped by the weakness in the dollar. A weaker dollar makes gold bullion, a currency alternative, more attractive for portfolio m

Published 09 Mar, 2007 12:00am

Proceedings against stock brokers: SECP asked to submit report till April 10

The National Assembly standing committee on Finance has directed the Securities and Exchange Commission of Pakistan (SECP) to submit an investigation report on the brokers and financial institutions involved in March 2006 stock exchange crash by April 10.

Published 09 Mar, 2007 12:00am

Gold rises on bargain hunting

Gold gained on Thursday on renewed interest from bargain hunters, with investors likely to seek clues to direction from the equities and currency markets in coming days. A firmer yen also spurred purchases of cash gold from Japanese retail investors, whil

Published 09 Mar, 2007 12:00am

Indian soyaoil futures rise, sugar down, wheat mixed

Indian soyaoil futures rose slightly on Thursday on expectations that demand for biofuels that would boost prices, while sugar futures were down amid plentiful supplies.

Published 09 Mar, 2007 12:00am

Oil extends rebound toward $62

Oil inched higher toward $62 a barrel on Thursday, after soaring nearly 2 percent following a surprise draw in US crude stocks and a deep drop in gasoline inventories. US crude was up 14 cents a barrel at $61.96, adding to a $1.13 gain on Wednesday. Price

Published 09 Mar, 2007 12:00am

Shanghai copper posts gains

Shanghai copper futures jumped 2.5 percent on Thursday after strong gains in London metals in the previous session and as confidence returned to equity markets. Shanghai copper for May delivery was at 57,860 yuan ($7,479) a tonne on Thursday, up 1,400 yua

Published 09 Mar, 2007 12:00am

New York sugar weaker

Raw sugar futures closed near its session lows on Wednesday as late speculative sales depressed values and the market is drifting after the turmoil caused by a sell-off in global markets this week, brokers said.

Published 09 Mar, 2007 12:00am

Australian grains to ride biofuel boom to recovery

Australia's grain industry, putting drought behind it, is set for better times thanks to a global surge in biofuel use that will drive demand for grains, government and industry analysts said this week.

Published 09 Mar, 2007 12:00am

Soyabean futures soar

Chicago Board of Trade soyabean futures soared on Wednesday, supported by the strength in soyabean oil and crude oil, traders said. "Crude oil took off and grabbed a hold of the bean oil. Then the beans took notice," said Joe Victor, analyst with Illinois

Published 09 Mar, 2007 12:00am

Malaysian tin up

Malaysian tin jumped 1.7 percent on Thursday, backed by good overseas buying led by Japan and higher prices on the London Metal Exchange, one trader said.

Published 09 Mar, 2007 12:00am

CBOT rice lower on setback

Chicago Board of Trade rough rice futures ended lower on Wednesday after a series of higher closes linked to outlooks for fewer US rice plantings in 2007 compared to last year, traders said.

Published 09 Mar, 2007 12:00am

Tokyo rubber on defensive

Tokyo rubber futures were on the defensive on Thursday due to bearish Technicals after a plunge of nearly 13 percent since last week forced investment funds to pull out from the commodity. The key Tokyo Commodity Exchange rubber contract for August delive

Published 09 Mar, 2007 12:00am

Malaysian palm oil climbs

Malaysian crude palm oil futures jumped 1.6 percent on Thursday, boosted by firm soyaoil and ahead of a price outlook conference next week that is widely expected to give a bullish forecast.

Published 09 Mar, 2007 12:00am

McDonald's same-store sales top estimates

McDonald's Corp said on Thursday same-store sales rose 5.7 percent in February, beating analysts' estimates on strong US demand for new varieties of its chicken Snack Wrap and improved performance in France, Germany and China. Shares of the world's larges

Published 09 Mar, 2007 12:00am

McDonald's same-store sales top estimates

McDonald's Corp said on Thursday same-store sales rose 5.7 percent in February, beating analysts' estimates on strong US demand for new varieties of its chicken Snack Wrap and improved performance in France, Germany and China. Shares of the world's larges

Published 09 Mar, 2007 12:00am

Yahoo goes local in Asia, eyes mobile Web users

Yahoo Inc is banking on rapidly growing demand for mobile Internet access in Asia's emerging markets to boost user figures, as it rolls out localised services which let Web users look up local information on the go.

Published 09 Mar, 2007 12:00am

France denies EADS remarks attributed to Breton

The French Finance Ministry on Thursday denied that its minister, Thierry Breton, had ever called for a rebalancing of French and German shareholdings in Airbus parent EADS.

Published 09 Mar, 2007 12:00am

Rapid growth needed to reduce poverty, says Manmohan

India's economy is expected to grow more than 9 percent in the current fiscal year ending on March 31 but further rapid expansion is needed to reduce poverty, Prime Minister Manmohan Singh said on Thursday.

Published 09 Mar, 2007 12:00am

US labour data mixed ahead of jobs report

Labour market data was mixed on Thursday ahead of the closely watched US jobs report for February, due on Friday morning. Workers filing initial claims for jobless benefits fell 10,000 to a seasonally adjusted 328,000 last week, slightly lower than Wall S

Published 09 Mar, 2007 12:00am

Sony and Lenovo sued

3M Co has filed suits against Sony Corp, Lenovo Group Ltd and others, claiming infringement of lithium-ion battery-related patents, the diversified US manufacturer said in a statement on its Web site.

Published 09 Mar, 2007 12:00am

Bangladesh tax revenue up

Bangladesh's tax revenues in January rose 3.4 percent from a year earlier to 28.26 billion taka ($410 million), but is below the monthly average needed to reach the full-year target, government data showed.

Published 09 Mar, 2007 12:00am

EU agency asked to rule on cloned meat and milk

Europe's top food safety agency has been asked to determine whether meat and milk from cloned animals are safe to eat, European Commission officials said on Thursday.

Published 09 Mar, 2007 12:00am

German output surge eases fears over VAT rise

Growth in German industrial output beat all forecasts in January, underpinning hopes the upswing in Europe's largest economy has not been severely disrupted by a rise in sales tax this year.

Published 09 Mar, 2007 12:00am

Carrefour strategy unmoved by Arnault raid

France's Carrefour stood firm on its strategy of owning its own stores on Thursday, dampening hopes of a huge property spin-off that may have lured French billionaire Bernard Arnault into buying its stock.

Published 09 Mar, 2007 12:00am

ECB raises interest rates

The European Central Bank raised its key interest rate to a new five-year high of 3.75 percent on Thursday and signalled no immediate end to rate increases in the eurozone.

Published 09 Mar, 2007 12:00am

ECB raises interest rates

The European Central Bank raised its key interest rate to a new five-year high of 3.75 percent on Thursday and signalled no immediate end to rate increases in the eurozone.

Published 09 Mar, 2007 12:00am

ECB raises interest rates

The European Central Bank raised its key interest rate to a new five-year high of 3.75 percent on Thursday and signalled no immediate end to rate increases in the eurozone.

Published 09 Mar, 2007 12:00am

Wal-Mart sales miss estimates

Wal-Mart Stores Inc, on Thursday reported a lower-than-expected 0.9 percent rise in February sales at US stores open at least a year and provided a tepid forecast for March. Wal-Mart, whose shares fell less than 1 percent, also announced a 31 percent incr

Published 09 Mar, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 6	277.92
USD PKR Interbank Buying / Nov 6	277.72
USD to Japanese Yen / Nov 6	153.43
USD to Swiss Franc / Nov 6	0.87
Pound Sterling to USD / Nov 6	1.29
Euro to USD / Nov 6	1.08

Stock	Volume
S&P 500 / Nov 5	5,782.76
Nasdaq / Nov 5	18,439.17
Dow Jones / Nov 5	41,221.88
India Sensex / Nov 6	79,841.86
Tokyo Nikkei / Nov 6	39,303.01
Hang Seng / Nov 6	20,407.15
FTSE 100 / Nov 6	8,284.30
Germany DAX 30 / Nov 6	19,412.80

Item	Value
Gold 10 Grams PKR / Nov 5	242,798
Petrol/Litre / Nov 6	248.38
Crude Oil USD/Barrel / Nov 6	71.12
Karachi Cotton PKR/37.32 KG / Nov 6	18,285
Gold Spot USD/Ounce / Nov 6	2,742.04
Diesel/Litre / Nov 6	255.14

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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