News Archives for Print - 2007-03-17

US treasuries bid yields

US treasuries bid yields on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

Merkel, in Poland, calls for EU treaty by 2009

German Chancellor Angela Merkel used a trip to Poland on Friday to call for fresh efforts to agree a new constitution for the 27-nation European Union. Merkel, hoping to forge closer personal ties with Polish President Lech Kaczynski during a two-day visi

Published 17 Mar, 2007 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

ISE index gains 6.07 points

Major players and short-term margin hunters adopted a cautious approach at the Islamabad Stock Exchange (ISE) where gainers and losers had a close fight under the lead of trend-setters amid decrease in index.

Published 17 Mar, 2007 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

ISE index gains 6.07 points

Major players and short-term margin hunters adopted a cautious approach at the Islamabad Stock Exchange (ISE) where gainers and losers had a close fight under the lead of trend-setters amid decrease in index.

Published 17 Mar, 2007 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

LSE remains bullish

The market painted a dull picture on Lahore Stock Exchange (LSE) on the last trading day of the week following lacking interest, however, sentiment stayed bullish and the market ended with a marginal gain.

Published 17 Mar, 2007 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

LSE remains bullish

The market painted a dull picture on Lahore Stock Exchange (LSE) on the last trading day of the week following lacking interest, however, sentiment stayed bullish and the market ended with a marginal gain.

Published 17 Mar, 2007 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

Shariah compliance in IBIs: State Bank prepares draft guidelines

The State Bank of Pakistan has formulated Draft Instructions and Guidelines for Shariah Compliance in Islamic Banking Institutions (IBIs) with a view to further strengthen the Shariah compliance framework in IBIs, SBP said on Friday.

Published 17 Mar, 2007 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

Shariah compliance in IBIs: State Bank prepares draft guidelines

The State Bank of Pakistan has formulated Draft Instructions and Guidelines for Shariah Compliance in Islamic Banking Institutions (IBIs) with a view to further strengthen the Shariah compliance framework in IBIs, SBP said on Friday.

Published 17 Mar, 2007 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

Shariah compliance in IBIs: State Bank prepares draft guidelines

The State Bank of Pakistan has formulated Draft Instructions and Guidelines for Shariah Compliance in Islamic Banking Institutions (IBIs) with a view to further strengthen the Shariah compliance framework in IBIs, SBP said on Friday.

Published 17 Mar, 2007 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

BRIndex30 gains 28.82 points

On Friday BRIndex30 opened at 12,289.63 in the positive zone with an upward gap of 24.17 points. It closed at 12,294.28 with a net positive change of 28.82 and percentage change of 0.23. It experienced intra-day high of 12,398.01 and intra-day low of 12,2

Published 17 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 Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

BRIndex30 gains 28.82 points

On Friday BRIndex30 opened at 12,289.63 in the positive zone with an upward gap of 24.17 points. It closed at 12,294.28 with a net positive change of 28.82 and percentage change of 0.23. It experienced intra-day high of 12,398.01 and intra-day low of 12,2

Published 17 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 Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

Pakistan and Sri Lanka to cut tariff on betel leaves, herbs

Pakistan and Sri Lanka on Friday agreed to reduce tariff on betel leaves and herbal cosmetics besides stressing the need for effective steps to realise actual potential of bilateral trade.

Published 17 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 Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

Pakistan and Sri Lanka to cut tariff on betel leaves, herbs

Pakistan and Sri Lanka on Friday agreed to reduce tariff on betel leaves and herbal cosmetics besides stressing the need for effective steps to realise actual potential of bilateral trade.

Published 17 Mar, 2007 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

Pakistan and Sri Lanka to cut tariff on betel leaves, herbs

Pakistan and Sri Lanka on Friday agreed to reduce tariff on betel leaves and herbal cosmetics besides stressing the need for effective steps to realise actual potential of bilateral trade.

Published 17 Mar, 2007 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

KSE index gains 63.13 points

The Karachi share market started on positive note and the KSE-100 index recovered another 63.13 points to close at 11,374.03 points while the KSE-30 index gained 53.44 points to close at 14,252.58 points on Friday.

Published 17 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 Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

KSE index gains 63.13 points

The Karachi share market started on positive note and the KSE-100 index recovered another 63.13 points to close at 11,374.03 points while the KSE-30 index gained 53.44 points to close at 14,252.58 points on Friday.

Published 17 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 Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

KSE index gains 63.13 points

The Karachi share market started on positive note and the KSE-100 index recovered another 63.13 points to close at 11,374.03 points while the KSE-30 index gained 53.44 points to close at 14,252.58 points on Friday.

Published 17 Mar, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

Oil consumption rises 17.6 percent in eight months

The oil consumption in the country has increased by 17.6 percent to 11.116 million tons in the first eight months of FY07 as compared to 9.452 million tons in the same period last fiscal. According to figures available here the consumption of MS stood at

Published 17 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 17 Mar, 2007 12:00am

Oil consumption rises 17.6 percent in eight months

The oil consumption in the country has increased by 17.6 percent to 11.116 million tons in the first eight months of FY07 as compared to 9.452 million tons in the same period last fiscal. According to figures available here the consumption of MS stood at

Published 17 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 17 Mar, 2007 12:00am

Oil consumption rises 17.6 percent in eight months

The oil consumption in the country has increased by 17.6 percent to 11.116 million tons in the first eight months of FY07 as compared to 9.452 million tons in the same period last fiscal. According to figures available here the consumption of MS stood at

Published 17 Mar, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Friday (March 16, 2007).

Published 17 Mar, 2007 12:00am

NAB proposes steps to curb corruption in CBR

The National Accountably Bureau (NAB) has proposed measures to reduce discretionary powers of the tax officials; change assessment procedures, simplify tax regime and minimise interaction between the tax collectors and the taxpayers to eliminate chances o

Published 17 Mar, 2007 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Mar, 2007 12:00am

NAB proposes steps to curb corruption in CBR

The National Accountably Bureau (NAB) has proposed measures to reduce discretionary powers of the tax officials; change assessment procedures, simplify tax regime and minimise interaction between the tax collectors and the taxpayers to eliminate chances o

Published 17 Mar, 2007 12:00am

BRIDGE NOTES: American pair shows modern skilful play

The breed of bridge players since nineteen eighties, is generally known to be more well equipped with modern techniques and conventions of the game which made them wiser and more perfectionist than their predecessors.

Published 17 Mar, 2007 12:00am

NAB proposes steps to curb corruption in CBR

The National Accountably Bureau (NAB) has proposed measures to reduce discretionary powers of the tax officials; change assessment procedures, simplify tax regime and minimise interaction between the tax collectors and the taxpayers to eliminate chances o

Published 17 Mar, 2007 12:00am

SPORTS WORLD: Batsmen responsible for demoralising defeat against West Indies

After winning both the warm-up games, including a seven-wicket win against number one ranked South Africa, Pakistan captain Inzamam-ul-Haq looked confident to give tough time to the West Indies in the World Cup, saying:"All our top order batsmen are able

Published 17 Mar, 2007 12:00am

US energy secretary travels to India next week

US Energy Secretary Sam Bodman travels to India next week to discuss ways for the two nations to cooperate on the Asian nation's growing energy thirst.

Published 17 Mar, 2007 12:00am

TV THOUGHTS: The overpowering Supreme Court theme; Live coverage of daring crime; Passion for the World Cup 2007

Since the 9th of March 2007,which will be a day always remembered with sadness in the years to come, the television channels have focused on Chief Justice Iftikhar Mohammad Chaudhry, and on the decision to make him "non functional". Since the 9th of March

Published 17 Mar, 2007 12:00am

New Zealand beat England: Netherlands 86-5 after 30 overs

New Zealand won by six wickets against England at Beausejour in a World Cup Group C match on Friday. Netherlands were 86-5 after 30 overs of their group A match against South Africa at Warner Park, chasing 353 to win.

Published 17 Mar, 2007 12:00am

LAHORE CULTURAL DIARY: An enjoyable week

A couple of enjoyable stage plays and exhibitions of paintings, Spanish film festival, a book launching ceremony, the annual Urs of Data Gunj Bakhsh and the observance of International Women Day were the main features of events during last week.

Published 17 Mar, 2007 12:00am

New Zealand beat England: Netherlands 86-5 after 30 overs

New Zealand won by six wickets against England at Beausejour in a World Cup Group C match on Friday. Netherlands were 86-5 after 30 overs of their group A match against South Africa at Warner Park, chasing 353 to win.

Published 17 Mar, 2007 12:00am

Remembering our Legends: Zubaida Khanum - a good voice lost

Strange are the ways and vicissitudes of life in the world of entertainment. The once popular artistes, who had spent so many of their precious years and worked so hard to reach the pinnacle of success and touch the apex of glory, are forgotten so soon af

Published 17 Mar, 2007 12:00am

Shaukat wants Kashmiris involved in dialogues

Prime Minister Shaukat Aziz on Friday said that Pakistan has committed to support people of Kashmir to settle the decades old imbroglio in accordance with the aspirations of the Kashmiri people.

Published 17 Mar, 2007 12:00am

'Kahanian Des Des Ki'

Kahanian Des Des Ki (Stories from various countries) is basically a translation from Chinese, Russian, Hindi, Marathi, Urya, Gujarati, Sindhi and Punjabi and Sindhi short stories. One original drama in Urdu has been included. Some stories such as Chinese

Published 17 Mar, 2007 12:00am

Shaukat wants Kashmiris involved in dialogues

Prime Minister Shaukat Aziz on Friday said that Pakistan has committed to support people of Kashmir to settle the decades old imbroglio in accordance with the aspirations of the Kashmiri people.

Published 17 Mar, 2007 12:00am

BOOK REVIEW: Partition of the Punjab

By 1946 the partitioning of British India into two nations had become a certainty, but it was not clear where the new international borders would be. Punjab became a bone of contention between, on the one hand, Sikhs and Hindus demanding it be made part o

Published 17 Mar, 2007 12:00am

World business contracts: government may not go to ICJ to resolve disputes

Pakistan is not likely to opt for International Court of Justice (ICJ) to resolve bilateral disputes with the firms of other countries despite arbitration''s failure, official sources Business Recorder. The federal cabinet scheduled to meet on Mond

Published 17 Mar, 2007 12:00am

CAPITAL CULTURAL SCENE: symbol of national heritage

This week the most prestigious spot in the capital, in the vicinity of the Parliament, remained in focus with reference to the constitutional debate on the issue of suspension of the Chief Justice and the state of the art complex of the National Art Galle

Published 17 Mar, 2007 12:00am

World business contracts: government may not go to ICJ to resolve disputes

Pakistan is not likely to opt for International Court of Justice (ICJ) to resolve bilateral disputes with the firms of other countries despite arbitration's failure, official sources Business Recorder. The federal cabinet scheduled to meet on Monda

Published 17 Mar, 2007 12:00am

Empowering women through SCCI

Quite a sizeable number of women from Pakistan participated in the recently concluded two-day SAARC Business Leaders Conclave in Mumbai. The participation of women entrepreneurs in different international meetings and conferences is a welcome sign.

Published 17 Mar, 2007 12:00am

World business contracts: government may not go to ICJ to resolve disputes

Pakistan is not likely to opt for International Court of Justice (ICJ) to resolve bilateral disputes with the firms of other countries despite arbitration's failure, official sources Business Recorder. The federal cabinet scheduled to meet on Monda

Published 17 Mar, 2007 12:00am

Urdu and Islam main symbols of Pakistani Muslim identity -III

Urdu, Muslim identity, and Pakistan: Islam and language both contributed to the creation of Pakistan, a state for the Muslims of British India, in 1947.

Published 17 Mar, 2007 12:00am

PSO bidding set for May 5

Pakistan plans to hold an auction on May 5 to sell a majority stake in Pakistan State Oil (PSO) worth about $530 million, a tentative schedule sent to pre-qualified bidders showed. The potential bidders will conduct due diligence for PSO from March 19 to

Published 17 Mar, 2007 12:00am

Police performance - is it delivering?

Police Act 2002 was introduced to improve police performance in the country. A number of changes were also introduced in the criminal code which was being followed from the British time when they ruled India. An effort was made to re-orient, Police functi

Published 17 Mar, 2007 12:00am

PSO bidding set for May 5

Pakistan plans to hold an auction on May 5 to sell a majority stake in Pakistan State Oil (PSO) worth about $530 million, a tentative schedule sent to pre-qualified bidders showed. The potential bidders will conduct due diligence for PSO from March 19 to

Published 17 Mar, 2007 12:00am

Khewra Mines - a stunning tourist resort in Pakistan

Nature has blessed Pakistan with several gifts. Northern areas of the country are counted among the best in the world. Owing to its stunning beauty, which is unmatched in the entire region, the year 2007 is being celebrated as the year of tourism and the

Published 17 Mar, 2007 12:00am

PSO bidding set for May 5

Pakistan plans to hold an auction on May 5 to sell a majority stake in Pakistan State Oil (PSO) worth about $530 million, a tentative schedule sent to pre-qualified bidders showed. The potential bidders will conduct due diligence for PSO from March 19 to

Published 17 Mar, 2007 12:00am

Conservative wrath on Women's Day

When it comes to moulding public opinion, no newspaper or television or advertisement agency or government can match the skill, ability and expertise of our conservative uncles. They have been especially effective in propagating the idea that women's eman

Published 17 Mar, 2007 12:00am

PTCL''''s first half profit down by 23 percent

The Pakistan Telecommunication Limited''''s (PTCL) net profit dipped by 23 percent over the corresponding period''''s net earnings and EPS owing to rapidly declining market tariffs and reduced prices because of high competition.

Published 17 Mar, 2007 12:00am

Singapore bunker fuel prices rise

Singapore bunker prices rose marginally on Friday, forcing buyers to stay away, as the differential to fuel oil rose to $7-$8 a tonne, traders said. "There is not much demand from shipowners, I am also staying away from the market," a Western-based vessel

Published 17 Mar, 2007 12:00am

PTCL''s first half profit down by 23 percent

The Pakistan Telecommunication Limited''s (PTCL) net profit dipped by 23 percent over the corresponding period''s net earnings and EPS owing to rapidly declining market tariffs and reduced prices because of high competition.

Published 17 Mar, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 77,687 tonnes cargo including 59,939 tonnes import, 17,748` tonnes export cargo and 2,597 containers during last 24 hours ending at 0700 hours on Friday.

Published 17 Mar, 2007 12:00am

PTCL's first half profit down by 23 percent

The Pakistan Telecommunication Limited's (PTCL) net profit dipped by 23 percent over the corresponding period's net earnings and EPS owing to rapidly declining market tariffs and reduced prices because of high competition.

Published 17 Mar, 2007 12:00am

Ivorian cocoa growers say drought worst in memory

A harsh spell of dry weather in Ivory Coast's central Daloa region which has lasted several months is the worst in living memory and is killing off young cocoa trees, farmers and co-operatives said on Friday. Rains have scarcely fallen in the major cocoa

Published 17 Mar, 2007 12:00am

PTCL's first half profit down by 23 percent

The Pakistan Telecommunication Limited's (PTCL) net profit dipped by 23 percent over the corresponding period's net earnings and EPS owing to rapidly declining market tariffs and reduced prices because of high competition.

Published 17 Mar, 2007 12:00am

Turkey buys wheat and corn

Turkish state grain board TMO has purchased 15,000 tonnes of wheat and 235,000 tonnes of corn in an import tender which closed on Thursday, European traders said on Friday. The wheat was from Russia. Some 110,000 tonnes of corn was from Argentina and the

Published 17 Mar, 2007 12:00am

Protestors, police clash in Islamabad: dozens of opposition leaders, lawyers picked up

Protests by opposition parties and legal fraternity to show solidarity with non-functional Chief Justice Iftikhar Muhammad Chaudhry here Friday turned violent when clashes broke out between angry demonstrators and law enforcement agencies.

Published 17 Mar, 2007 12:00am

FOB Gulf soyabean export premiums plunge

US FOB soyabean export premiums plunged on Thursday amid pressure from cheaper supplies in Brazil, while corn and wheat held mostly steady, traders said. FOB soyabean offers fell as much as 10 cents a bushel for some shipment periods in a market that norm

Published 17 Mar, 2007 12:00am

Protestors, police clash in Islamabad: dozens of opposition leaders, lawyers picked up

Protests by opposition parties and legal fraternity to show solidarity with non-functional Chief Justice Iftikhar Muhammad Chaudhry here Friday turned violent when clashes broke out between angry demonstrators and law enforcement agencies.

Published 17 Mar, 2007 12:00am

US Midwest corn and soyabean mostly steady

Spot basis bids for corn and soyabeans were mostly steady around the interior US Midwest on Thursday but soya bids fell along rivers due to declining CIF values, grain dealers said. Dealers reported scattered selling of both commodities as farmers tried t

Published 17 Mar, 2007 12:00am

No restraint on Justice Iftikhar, hearing put off till March 21: SJC

The Supreme Judicial Council has said that there was absolutely no restraint on Justice Iftikhar Mohammad Chaudhry who can move freely and everyone has access to see him.

Published 17 Mar, 2007 12:00am

Morocco to import US durum wheat

Morocco's state grains agency ONICL said on Friday it awarded four trading houses licences to import a total of 50,000 tonnes of US-origin durum wheat. The announcement confirms comments by local traders who said on Wednesday the wheat would be imported a

Published 17 Mar, 2007 12:00am

No restraint on Justice Iftikhar, hearing put off till March 21: SJC

The Supreme Judicial Council has said that there was absolutely no restraint on Justice Iftikhar Mohammad Chaudhry who can move freely and everyone has access to see him.

Published 17 Mar, 2007 12:00am

CBOT corn lower

Corn futures at the Chicago Board of Trade closed lower on Thursday in a cautious technical slide with long liquidation by speculators the key feature, traders said. Traders said funds sold 5,000 lots and sell-stops were hit when the May contract broke be

Published 17 Mar, 2007 12:00am

CBOT wheat futures down

Soft red winter wheat futures at the Chicago Board of Trade closed lower on Thursday, dropping to 5-1/2-month lows toward the close on technical selling by commodity funds, traders said.

Published 17 Mar, 2007 12:00am

Oil cake market rates

Mixed price pattern was seen on the forward cottonseed oilcake market on Friday as prices fluctuated in a narrow band, dealers said. The March vaida did not show any change at the overnight level at Rs 662.50 and that proved to be day's lowest at the same

Published 17 Mar, 2007 12:00am

Hectic trading seen on cotton market

Hectic trading was seen on the cotton market on Friday as mills resorted to panic buying following the anticipation that the prices may go up in the near future, dealers said. The Karachi Cotton Association (KCA) official spot was unchanged at Rs 2,575, w

Published 17 Mar, 2007 12:00am

Kirana items mixed on Jodia Bazar

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

Published 17 Mar, 2007 12:00am

Prices remain unchanged on grain market

Stability prevailed on the grain market on Friday as most of the commodities maintained the overnight levels in process of trading, dealers said. In the middle session of the week, the rates fluctuated slightly but closed at the overnight levels, some dea

Published 17 Mar, 2007 12:00am

MGE wheat falls to one-month low

Hard red spring wheat futures on the Minneapolis Grain Exchange ended down on Thursday as slipover weakness from Chicago Board of Trade wheat and corn pushed the market to one-month lows, traders said. Both wheat markets firmed at the open, but quickly tu

Published 17 Mar, 2007 12:00am

New York cocoa posts gains

US cocoa futures contracts closed higher in open-outcry trade on Thursday after a session of tight, range-bound trading, dealers said. "It's so lacklustre (today)," one trader said. "It was a bit of a washout yesterday, specs started selling their positio

Published 17 Mar, 2007 12:00am

New York coffee futures settle higher

US arabica coffee futures settled with slight gains on Thursday, as speculative short-covering was seen halting a three-day slide in prices, analysts said. Despite heavy selling over the past two months, traders noted that oversold conditions amid steady

Published 17 Mar, 2007 12:00am

US copper gallops to 13-week highs

US copper futures surged to a 13-week high on Thursday, after hefty gains in London fuelled a speculative rally in New York which gained momentum after key chart points were breached, traders and analysts said.

Published 17 Mar, 2007 12:00am

US gold futures gain

US gold futures ended on Thursday with healthy gains after several sessions of lower closes brought buyers back in to buy the lows, inspired by a rebound in US stock prices, traders said.

Published 17 Mar, 2007 12:00am

Tocom gold mostly flat

Tokyo gold futures were mostly unchanged on Friday after gains were erased due to a drop in Japanese shares which also brought pressure to bear on the dollar, causing it to drop against the euro and yen among others.

Published 17 Mar, 2007 12:00am

Gold holds steady

Gold held steady on Friday after rising in New York on a rebound in US stocks but the metal would be stuck in a range ahead of the release of key US data.

Published 17 Mar, 2007 12:00am

CBOT rice lower

The spot Chicago Board of Trade rice contract fell to a 4-1/2 month low on Thursday on lingering concerns about export business after Mexico halted several US rice shipments due to biotech concerns, traders said.

Published 17 Mar, 2007 12:00am

Oil below $58 on US economy woes

Oil deepened losses below $58 a barrel on Friday on worries about a wobbly US economy, with Opec's widely-expected decision on Thursday to keep oil output curbs having little impact. US light crude for April delivery weakened 31 cents to $57.24 a barrel,

Published 17 Mar, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 29	278.13
USD PKR Interbank Buying / Nov 29	278.03
USD to Japanese Yen / Nov 29	150.14
USD to Swiss Franc / Nov 29	0.88
Pound Sterling to USD / Nov 29	1.27
Euro to USD / Nov 29	1.06

Stock	Volume
S&P 500 / Nov 28	5,998.74
Nasdaq / Nov 28	19,060.48
Dow Jones / Nov 28	44,722.06
India Sensex / Nov 29	19,338.14
Tokyo Nikkei / Nov 29	38,198.52
Hang Seng / Nov 29	79,714.50
FTSE 100 / Nov 29	8,273.90
Germany DAX 30 / Nov 29	19,432.28

Item	Value
Gold 10 Grams PKR / Nov 28	241,602.20
Crude Oil USD/Barrel / Nov 29	69.08
Karachi Cotton PKR/37.32 KG / Nov 29	17,685
Gold Spot USD/Ounce / Nov 29	2,666.09
Cotton US¢/pound / Nov 29	71.75
Petrol/Litre / Nov 30	248.38

Stock	Price
786 Invest Ltd / Nov 30 786 Investments Limited(786)	6.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 30 Al-Abbas Sugar Mills Limited(AABS)	619.90 ▼ 0.00 (0.00%)
Agro Allianz / Nov 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 30 Ali Asghar Textile Mills Limited(AATM)	70 ▼ 0.00 (0.00%)
Allied Bank / Nov 30 Allied Bank Limited(ABL)	139.74 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 30 Abbott Laboratories (Pakistan) Limited(ABOT)	1,021.33 ▼ 0.00 (0.00%)
Abson Ind. / Nov 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 30 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 30 786 Investments Limited(786)	6.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 30 Al-Abbas Sugar Mills Limited(AABS)	619.90 ▲ 0.00 (0.00%)
Agro Allianz / Nov 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 30 Ali Asghar Textile Mills Limited(AATM)	70 ▲ 0.00 (0.00%)
Allied Bank / Nov 30 Allied Bank Limited(ABL)	139.74 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 30 Abbott Laboratories (Pakistan) Limited(ABOT)	1,021.33 ▲ 0.00 (0.00%)
Abson Ind. / Nov 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 30 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	179,225,089 ▲ 0.00
K-Electric Ltd. / Nov 30 K-Electric Limited(KEL)	64,868,271 ▲ 0.00
Bank Makramah / Nov 30 Bank Makramah Limited(BML)	60,297,878 ▲ 0.00
Pace (Pak) Ltd. / Nov 30 Pace (Pakistan) Limited(PACE)	55,350,909 ▲ 0.00
Hascol Petrol / Nov 30 Hascol Petroleum Limited(HASCOL)	42,730,290 ▲ 0.00
Fauji Foods Ltd / Nov 30 Fauji Foods Limited(FFL)	38,903,524 ▲ 0.00
Sui South Gas / Nov 30 Sui Southern Gas Company Limited(SSGC)	36,014,321 ▲ 0.00
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	33,477,996 ▲ 0.00
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	31,208,624 ▲ 0.00

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