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Print - 2007-10-25
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (October 24, 2007).

Published 25 Oct, 2007 12:00am
LCCI proposes increased trade with Spain

LCCI proposes increased trade with Spain

Pakistan's exports to Spain could reach up to $6.2 billion since the country has potentially large export volume comprising sectors like textiles, mineral fuels, leather products, plastics and plastic products, optical, photo, technical and medical appara
Published 25 Oct, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (October 24, 2007).

Published 25 Oct, 2007 12:00am
Renewal of customs agents licences under old rules allowed

Renewal of customs agents licences under old rules allowed

The Federal Board of Revenue (FBR) has allowed renewal of clearing and forwarding agents licenses as per previous licensing rules. Accepting the demand of Karachi Custom Agents Association (KCAA), the FBR advised all the collectorates that the licensing b
Published 25 Oct, 2007 12:00am
Renewal of customs agents licences under old rules allowed

Renewal of customs agents licences under old rules allowed

The Federal Board of Revenue (FBR) has allowed renewal of clearing and forwarding agents licenses as per previous licensing rules. Accepting the demand of Karachi Custom Agents Association (KCAA), the FBR advised all the collectorates that the licensing b
Published 25 Oct, 2007 12:00am
Renewal of customs agents licences under old rules allowed

Renewal of customs agents licences under old rules allowed

The Federal Board of Revenue (FBR) has allowed renewal of clearing and forwarding agents licenses as per previous licensing rules. Accepting the demand of Karachi Custom Agents Association (KCAA), the FBR advised all the collectorates that the licensing b
Published 25 Oct, 2007 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (October 24, 2007).

Published 25 Oct, 2007 12:00am
Agribusiness support fund impact reviewed

Agribusiness support fund impact reviewed

The impact of funds disbursed through Agribusiness Support Fund (ASF) was reviewed at the monthly meeting of the Agribusiness Development & Diversification Project (AD&DP), Ministry of Food, Agriculture and Livestock (Minfal) in Lahore on Wednesday.
Published 25 Oct, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (October 24, 2007).

Published 25 Oct, 2007 12:00am
Agribusiness support fund impact reviewed

Agribusiness support fund impact reviewed

The impact of funds disbursed through Agribusiness Support Fund (ASF) was reviewed at the monthly meeting of the Agribusiness Development & Diversification Project (AD&DP), Ministry of Food, Agriculture and Livestock (Minfal) in Lahore on Wednesday.
Published 25 Oct, 2007 12:00am
Agribusiness support fund impact reviewed

Agribusiness support fund impact reviewed

The impact of funds disbursed through Agribusiness Support Fund (ASF) was reviewed at the monthly meeting of the Agribusiness Development & Diversification Project (AD&DP), Ministry of Food, Agriculture and Livestock (Minfal) in Lahore on Wednesday.
Published 25 Oct, 2007 12:00am
Narc to hold function on World Food Day today

Narc to hold function on World Food Day today

National Agriculture Research Council (NARC) on Thursday will organise a function in connection with World Food Day (WFD) to commemorate the founding of the Food and Agriculture Organisation (FOA) of the United Nations. Federal Minister for Food, Agricult
Published 25 Oct, 2007 12:00am
Developing leadership skills amongst students underlined

Developing leadership skills amongst students underlined

Dr M E Tusneem, Chairman, Pakistan Agricultural Research Council has underlined the need of developing leadership skills amongst the students to enable them meet the future challenges. He was addressing the first meeting of the newly constituted National
Published 25 Oct, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (October 24, 2007).

Published 25 Oct, 2007 12:00am
Sindh chief minister rejects NRO

Sindh chief minister rejects NRO

Sindh Chief Minister Dr Arbab Ghulam Rahim has outright rejected the National Reconciliation Ordinance (NRO), terming it as "unjust, against the spirit of transparent judicial process, discriminatory in nature and injurious to good democratic practices".
Published 25 Oct, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (October 24, 2007).
Published 25 Oct, 2007 12:00am
Sindh chief minister rejects NRO

Sindh chief minister rejects NRO

Sindh Chief Minister Dr Arbab Ghulam Rahim has outright rejected the National Reconciliation Ordinance (NRO), terming it as "unjust, against the spirit of transparent judicial process, discriminatory in nature and injurious to good democratic practices".
Published 25 Oct, 2007 12:00am
Ibad urges PPPP to cooperate on security measures

Ibad urges PPPP to cooperate on security measures

Sindh Governor Ishrat-ul-Ibad has said that provincial government is committed to deliver its responsibility of providing security to Pakistan Peoples Party Parliamentarians Chairperson Benazir Bhutto but the co-operation of the other side is also require
Published 25 Oct, 2007 12:00am
Bill buying rates per unit of currency

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 Wednesday (October 24, 2007).

Published 25 Oct, 2007 12:00am
Two soldiers killed in blast

Two soldiers killed in blast

Two soldiers were killed on Wednesday in a roadside bomb blast near their convoy in a troubled tribal region close to the Afghan border, security officials said. The remote-controlled bomb exploded when the convoy was travelling into Miranshah, the main t
Published 25 Oct, 2007 12:00am
Two soldiers killed in blast

Two soldiers killed in blast

Two soldiers were killed on Wednesday in a roadside bomb blast near their convoy in a troubled tribal region close to the Afghan border, security officials said. The remote-controlled bomb exploded when the convoy was travelling into Miranshah, the main t
Published 25 Oct, 2007 12:00am
Turkish warplanes bomb Kurd rebels

Turkish warplanes bomb Kurd rebels

Turkish warplanes reportedly bombed Kurdish rebel targets along the Iraqi border on Wednesday as government and military leaders met to consider whether to launch operations across the frontier.
Published 25 Oct, 2007 12:00am
Turkish warplanes bomb Kurd rebels

Turkish warplanes bomb Kurd rebels

Turkish warplanes reportedly bombed Kurdish rebel targets along the Iraqi border on Wednesday as government and military leaders met to consider whether to launch operations across the frontier.
Published 25 Oct, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (October 24, 2007).

Published 25 Oct, 2007 12:00am
US defence firms post higher profits, up forecasts

US defence firms post higher profits, up forecasts

Top-tier defence contractors Northrop Grumman Corp and General Dynamics Corp posted higher third-quarter profit on Wednesday and raised their financial forecasts on the back of strong US military spending.
Published 25 Oct, 2007 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (October 24, 2007).

Published 25 Oct, 2007 12:00am
US defence firms post higher profits, up forecasts

US defence firms post higher profits, up forecasts

Top-tier defence contractors Northrop Grumman Corp and General Dynamics Corp posted higher third-quarter profit on Wednesday and raised their financial forecasts on the back of strong US military spending.
Published 25 Oct, 2007 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (October 24, 2007).

Published 25 Oct, 2007 12:00am
Bears strengthen position at ISE

Bears strengthen position at ISE

Equities showed negative signs at Islamabad Stock Exchange (ISE) on Wednesday where bears strengthened their positions under the lead of hot favourite amid decrease in index. ISE-10 Index was down by 73.40 points as the ISE index moved from 3,120.97 to 3,
Published 25 Oct, 2007 12:00am
Barclays bid rates and maximum rates for payment of interest

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 25 Oct, 2007 12:00am
Bears strengthen position at ISE

Bears strengthen position at ISE

Equities showed negative signs at Islamabad Stock Exchange (ISE) on Wednesday where bears strengthened their positions under the lead of hot favourite amid decrease in index. ISE-10 Index was down by 73.40 points as the ISE index moved from 3,120.97 to 3,
Published 25 Oct, 2007 12:00am
State Bank of Pakistan conversion rates

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 25 Oct, 2007 12:00am
LSE index goes down 118.15 points

LSE index goes down 118.15 points

Share prices eroded massively on Lahore Stock Exchange (LSE) on Wednesday since the correction surfacing a few sessions earlier continued, but brokers said that uncertainty about the fate of President Pervez Musharraf played a pivotal role in triggering p
Published 25 Oct, 2007 12:00am
LSE index goes down 118.15 points

LSE index goes down 118.15 points

Share prices eroded massively on Lahore Stock Exchange (LSE) on Wednesday since the correction surfacing a few sessions earlier continued, but brokers said that uncertainty about the fate of President Pervez Musharraf played a pivotal role in triggering p
Published 25 Oct, 2007 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 25 Oct, 2007 12:00am
PPP considering hiring foreign private agencies'

PPP considering hiring foreign private agencies'

The leadership of Pakistan Peoples Party (PPP) is considering hiring services of foreign private security agencies for the special security of Benazir Bhutto in the wake of two blasts on her procession last week, sources told Business Recorder on T
Published 25 Oct, 2007 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 25 Oct, 2007 12:00am
PPP considering hiring foreign private agencies'

PPP considering hiring foreign private agencies'

The leadership of Pakistan Peoples Party (PPP) is considering hiring services of foreign private security agencies for the special security of Benazir Bhutto in the wake of two blasts on her procession last week, sources told Business Recorder on T
Published 25 Oct, 2007 12:00am
Business policy roundtable: level playing field for investors advocated

Business policy roundtable: level playing field for investors advocated

Participants at a business policy roundtable on Monday underscored the need for giving the foreign investors level playing field in the country. The roundtable was organised by Centre for International Private Enterprise (CIPE), in collaboration with the
Published 25 Oct, 2007 12:00am
HRW wheat bids hold steady

HRW wheat bids hold steady

US Plains hard red winter wheat basis bids were steady Wednesday, with volatility in KCBT futures keeping farmer selling to a minimum. KCBT wheat futures fell as much as 17-1/2 cents in overnight trading, weighed by news that Russia will not go ahead with
Published 25 Oct, 2007 12:00am
Business policy roundtable: level playing field for investors advocated

Business policy roundtable: level playing field for investors advocated

Participants at a business policy roundtable on Monday underscored the need for giving the foreign investors level playing field in the country. The roundtable was organised by Centre for International Private Enterprise (CIPE), in collaboration with the
Published 25 Oct, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 78,466 tonnes cargo including 59,215 tonnes import, 19,251 tonnes export cargo and 2,589 containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday.
Published 25 Oct, 2007 12:00am
Business policy roundtable: level playing field for investors advocated

Business policy roundtable: level playing field for investors advocated

Participants at a business policy roundtable on Monday underscored the need for giving the foreign investors level playing field in the country. The roundtable was organised by Centre for International Private Enterprise (CIPE), in collaboration with the
Published 25 Oct, 2007 12:00am
KCBT wheat futures settle sharply lower

KCBT wheat futures settle sharply lower

Hard red winter wheat futures on the Kansas City Board of Trade ended sharply lower on Tuesday in profit-taking following Monday's rally, traders said. The December ended down 28-1/4 cents, or 3.2 percent, at $8.59-3/4 per bushel, after hitting the 30-cen
Published 25 Oct, 2007 12:00am
US Midwest soyabean rise, corn strong

US Midwest soyabean rise, corn strong

Spot basis bids for soyabeans rose at locations around the US Midwest on Wednesday as dealers tried to entice farmers to bring newly harvested crops to processors and elevators. Cash bids for corn strengthened at interior locations, particularly at proces
Published 25 Oct, 2007 12:00am
Seed prices sharply higher; Irri falls

Seed prices sharply higher; Irri falls

Seed prices went up sharply on the grain market on Wednesday as supply was tight due to transportation problem after holidays and abnormal situation in the city, dealers said. On the rice sector, Irri-white low type was lower by Rs 300 to Rs 1350 and good
Published 25 Oct, 2007 12:00am
BRIndex30 loses 464.93 points

BRIndex30 loses 464.93 points

On Wednesday, the BRIndex30 opened in the red zone, at 15,839.09, and closed at 15,395.15 with a net negative change of -464.93 points and percentage change of -2.93. It experienced intra-day high of 15,904.15 and low of 15,331.07. The volume amounted to
Published 25 Oct, 2007 12:00am
Rains, sunshine spell bigger Ivory Coast cocoa crop

Rains, sunshine spell bigger Ivory Coast cocoa crop

Abundant rains with long spells of hot sunshine last week in Ivory Coast's main cocoa growing regions are paving the way to a bigger October-March main crop, farmers said. Last season, cocoa output tailed off sharply in December after rains dried up and t
Published 25 Oct, 2007 12:00am
BRIndex30 loses 464.93 points

BRIndex30 loses 464.93 points

On Wednesday, the BRIndex30 opened in the red zone, at 15,839.09, and closed at 15,395.15 with a net negative change of -464.93 points and percentage change of -2.93. It experienced intra-day high of 15,904.15 and low of 15,331.07. The volume amounted to
Published 25 Oct, 2007 12:00am
Indian sugar futures rise

Indian sugar futures rise

Indian sugar futures rose on Wednesday after a leading producer said plantings for the new crop would likely drop because of tight profit margins, and bolstered by firm spot prices. At 3:41 pm (1011 GMT), the near-month contract on the National Commodity
Published 25 Oct, 2007 12:00am
CBOT corn futures down as wheat, crude oil fall

CBOT corn futures down as wheat, crude oil fall

Corn futures on the Chicago Board of Trade ended lower on Tuesday on spill-over pressure from a drop in wheat and a downturn in crude oil futures, traders said. Corn futures held firm in early dealings because of a weak dollar and firm crude oil markets.
Published 25 Oct, 2007 12:00am
CBOT wheat limit-down

CBOT wheat limit-down

Wheat futures on the Chicago Board of Trade plunged the daily limit of 30 cents per bushel Tuesday after a drop in the US dollar failed to generate fresh wheat export demand, analysts said. Also bearish was a lack of confirmation that Russia would impose
Published 25 Oct, 2007 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend persisted on the forward cottonseed oilcake market on Wednesday as buyers renewed interest in the fresh buying, dealers said. The December vaida opened with Re 1 gain at Rs 518.00 and market closed at the same rate, they said.
Published 25 Oct, 2007 12:00am
Panic buying after cut in cotton crop estimate

Panic buying after cut in cotton crop estimate

Panic buying was seen in the cotton market on Wednesday as the mills were trying to grab all the lots offered by the ginners at the prevailing rates after the food minister statement, dealers said. The Karachi Cotton Association (KCA) official spot rate w
Published 25 Oct, 2007 12:00am
MGE spring wheat plunges

MGE spring wheat plunges

Spring wheat futures at the Minneapolis Grain Exchange fell more than 3 percent on Tuesday, in line with a technically motivated sell-off in Chicago Board of Trade wheat, traders said. Also bearish was an absence of fresh export news for wheat, despite a
Published 25 Oct, 2007 12:00am
New York arabica coffee up

New York arabica coffee up

ICE arabica coffee futures finished a touch higher on Tuesday, from speculative selling under pressure from rains in top producer Brazil, dealers said. "Rain has obviously picked up and that's what pushed this market down. But the big question is how much
Published 25 Oct, 2007 12:00am
EC unveils draft political parties 'Code of Conduct' for polls

EC unveils draft political parties 'Code of Conduct' for polls

The Election Commission (EC) on Wednesday unveiled the draft of Political Parties' and contesting candidates to be observed in election 2007-08 that will be forwarded to the political parties for their inputs by November 3.
Published 25 Oct, 2007 12:00am
New York cocoa ends up

New York cocoa ends up

US cocoa settled slightly higher on Tuesday in reaction to the stronger pound and under pressure from Ivory Coast arrivals, traders said. "I think the market is trying to consolidate after the recent losses. I really don't look for it to go too far on the
Published 25 Oct, 2007 12:00am
EC unveils draft political parties 'Code of Conduct' for polls

EC unveils draft political parties 'Code of Conduct' for polls

The Election Commission (EC) on Wednesday unveiled the draft of Political Parties' and contesting candidates to be observed in election 2007-08 that will be forwarded to the political parties for their inputs by November 3.
Published 25 Oct, 2007 12:00am
Copper prices fall in Asia

Copper prices fall in Asia

Shanghai copper drifted lower on Wednesday, as concerns about rising stocks and slowing demand awaken again following an abortive rally in London in the previous session. Shanghai's January copper contract, the most active, was down 300 yuan at 65,100 yua
Published 25 Oct, 2007 12:00am
KSE-100 index tumbles to 14,260.86 points

KSE-100 index tumbles to 14,260.86 points

Karachi share market witnessed heavy selling pressure on Wednesday due to declining oil prices in the international market, political uncertainty and exposure call on few brokers. The KSE-100 index lost 265.66 points to close at 14,260.86 points'' level,
Published 25 Oct, 2007 12:00am
US copper posts gains

US copper posts gains

US copper futures closed higher on Tuesday, benefiting from a broad-based recovery in commodity markets following on Monday's risk aversion sell-off, traders said. Copper for December delivery ended up 2.70 cents at $3.5135 a lb. on the New York Mercantil
Published 25 Oct, 2007 12:00am
KSE-100 index tumbles to 14,260.86 points

KSE-100 index tumbles to 14,260.86 points

Karachi share market witnessed heavy selling pressure on Wednesday due to declining oil prices in the international market, political uncertainty and exposure call on few brokers. The KSE-100 index lost 265.66 points to close at 14,260.86 points' level, w
Published 25 Oct, 2007 12:00am
Gold up in New York

Gold up in New York

US gold futures rebounded to finish $3 higher on Tuesday after the previous session's solid losses as a sharply weaker dollar prompted bargain hunting among bullion investors. However, analysts said record high levels of net speculative long positions in
Published 25 Oct, 2007 12:00am
KSE-100 index tumbles to 14,260.86 points

KSE-100 index tumbles to 14,260.86 points

Karachi share market witnessed heavy selling pressure on Wednesday due to declining oil prices in the international market, political uncertainty and exposure call on few brokers. The KSE-100 index lost 265.66 points to close at 14,260.86 points' level, w
Published 25 Oct, 2007 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold steadied on Wednesday as the dollar failed to give direction, while platinum came under pressure on concerns that last week's gains partly on supply worries had been overdone. Spot gold was at $758.80/759.60 an ounce, little changed from $759.20/760.
Published 25 Oct, 2007 12:00am
Risk management system for import cargoes

Risk management system for import cargoes

The Federal Board of Revenue (FBR) has decided to implement ''Risk Management System'' (RMS) at Collectorate of Customs (Appraisement), Karachi, to scan 50 percent of total Goods Declarations (GDs) filed for detecting evasion of duties/taxes on the import
Published 25 Oct, 2007 12:00am
Indian soyaoil futures rise

Indian soyaoil futures rise

Indian soyaoil futures rose on Wednesday, tracking firm spot demand ahead of a festival next month and a slowdown in arrivals of new crop soyabeans. At 1:44 pm (0814 GMT), the November futures contract on the National Commodity and Derivatives Exchange wa
Published 25 Oct, 2007 12:00am
Risk management system for import cargoes

Risk management system for import cargoes

The Federal Board of Revenue (FBR) has decided to implement 'Risk Management System' (RMS) at Collectorate of Customs (Appraisement), Karachi, to scan 50 percent of total Goods Declarations (GDs) filed for detecting evasion of duties/taxes on the import o
Published 25 Oct, 2007 12:00am
Oil falls below $85 in Asian trading

Oil falls below $85 in Asian trading

Oil retreated below $85 a barrel on Wednesday, falling for the fourth consecutive session on forecasts that US crude stocks likely rose again and on signs that Opec was already boosting oil supply. US light crude for December delivery fell 55 cents to $84
Published 25 Oct, 2007 12:00am
Risk management system for import cargoes

Risk management system for import cargoes

The Federal Board of Revenue (FBR) has decided to implement 'Risk Management System' (RMS) at Collectorate of Customs (Appraisement), Karachi, to scan 50 percent of total Goods Declarations (GDs) filed for detecting evasion of duties/taxes on the import o
Published 25 Oct, 2007 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin climbed 1.2 percent on Wednesday as a rise in London Metal Exchange prices and strong demand at the level lifted the market, one dealer said.
Published 25 Oct, 2007 12:00am
Seven fresh EOIs received for NPCC

Seven fresh EOIs received for NPCC

The Privatisation Commission has received seven fresh expressions of interest (EOIs) for privatisation of National Power Construction Corporation (Pvt) Limited (NPCC).
Published 25 Oct, 2007 12:00am
CBoT rice closes lower

CBoT rice closes lower

Chicago Board of Trade rough rice futures closed weaker on Tuesday on follow-through speculative selling, pressured by a 30-cent trading limit drop in wheat, traders said. November rice closed 4 cents per hundredweight lower at $11.52. January ended 4 dow
Published 25 Oct, 2007 12:00am
Seven fresh EOIs received for NPCC

Seven fresh EOIs received for NPCC

The Privatisation Commission has received seven fresh expressions of interest (EOIs) for privatisation of National Power Construction Corporation (Pvt) Limited (NPCC).
Published 25 Oct, 2007 12:00am
Uzbekistan cotton output down

Uzbekistan cotton output down

Uzbekistan, the world's No 2 cotton exporter, produced 747,084 tonnes of cotton fibre in January-September compared to 763,109 tonnes in the same period last year, the state statistics committee said on Tuesday. During the first nine months of 2007, cotto
Published 25 Oct, 2007 12:00am
Seven fresh EOIs received for NPCC

Seven fresh EOIs received for NPCC

The Privatisation Commission has received seven fresh expressions of interest (EOIs) for privatisation of National Power Construction Corporation (Pvt) Limited (NPCC).
Published 25 Oct, 2007 12:00am