AIRLINK 183.88 Increased By ▲ 6.43 (3.62%)
BOP 11.25 Increased By ▲ 0.14 (1.26%)
CNERGY 8.53 Increased By ▲ 0.02 (0.24%)
CPHL 96.00 Decreased By ▼ -0.24 (-0.25%)
FCCL 46.15 Increased By ▲ 1.17 (2.6%)
FFL 15.76 Decreased By ▼ -0.15 (-0.94%)
FLYNG 28.40 Increased By ▲ 0.49 (1.76%)
HUBC 143.99 Increased By ▲ 2.11 (1.49%)
HUMNL 12.95 Decreased By ▼ -0.04 (-0.31%)
KEL 4.47 Increased By ▲ 0.04 (0.9%)
KOSM 5.85 Decreased By ▼ -0.02 (-0.34%)
MLCF 63.41 Increased By ▲ 2.65 (4.36%)
OGDC 213.26 Increased By ▲ 1.56 (0.74%)
PACE 5.99 Increased By ▲ 0.23 (3.99%)
PAEL 47.00 Increased By ▲ 0.51 (1.1%)
PIAHCLA 17.26 Decreased By ▼ -0.27 (-1.54%)
PIBTL 10.40 Decreased By ▼ -0.09 (-0.86%)
POWER 12.00 Increased By ▲ 0.16 (1.35%)
PPL 170.66 Increased By ▲ 0.98 (0.58%)
PRL 34.60 Increased By ▲ 0.09 (0.26%)
PTC 22.45 Decreased By ▼ -0.17 (-0.75%)
SEARL 93.90 Decreased By ▼ -0.11 (-0.12%)
SSGC 39.80 Increased By ▲ 0.03 (0.08%)
SYM 14.30 Increased By ▲ 0.12 (0.85%)
TELE 7.29 Decreased By ▼ -0.03 (-0.41%)
TPLP 10.07 Increased By ▲ 0.05 (0.5%)
TRG 66.15 Increased By ▲ 0.19 (0.29%)
WAVESAPP 10.28 Decreased By ▼ -0.04 (-0.39%)
WTL 1.32 No Change ▼ 0.00 (0%)
YOUW 3.79 Decreased By ▼ -0.01 (-0.26%)
AIRLINK 183.88 Increased By ▲ 6.43 (3.62%)
BOP 11.25 Increased By ▲ 0.14 (1.26%)
CNERGY 8.53 Increased By ▲ 0.02 (0.24%)
CPHL 96.00 Decreased By ▼ -0.24 (-0.25%)
FCCL 46.15 Increased By ▲ 1.17 (2.6%)
FFL 15.76 Decreased By ▼ -0.15 (-0.94%)
FLYNG 28.40 Increased By ▲ 0.49 (1.76%)
HUBC 143.99 Increased By ▲ 2.11 (1.49%)
HUMNL 12.95 Decreased By ▼ -0.04 (-0.31%)
KEL 4.47 Increased By ▲ 0.04 (0.9%)
KOSM 5.85 Decreased By ▼ -0.02 (-0.34%)
MLCF 63.41 Increased By ▲ 2.65 (4.36%)
OGDC 213.26 Increased By ▲ 1.56 (0.74%)
PACE 5.99 Increased By ▲ 0.23 (3.99%)
PAEL 47.00 Increased By ▲ 0.51 (1.1%)
PIAHCLA 17.26 Decreased By ▼ -0.27 (-1.54%)
PIBTL 10.40 Decreased By ▼ -0.09 (-0.86%)
POWER 12.00 Increased By ▲ 0.16 (1.35%)
PPL 170.66 Increased By ▲ 0.98 (0.58%)
PRL 34.60 Increased By ▲ 0.09 (0.26%)
PTC 22.45 Decreased By ▼ -0.17 (-0.75%)
SEARL 93.90 Decreased By ▼ -0.11 (-0.12%)
SSGC 39.80 Increased By ▲ 0.03 (0.08%)
SYM 14.30 Increased By ▲ 0.12 (0.85%)
TELE 7.29 Decreased By ▼ -0.03 (-0.41%)
TPLP 10.07 Increased By ▲ 0.05 (0.5%)
TRG 66.15 Increased By ▲ 0.19 (0.29%)
WAVESAPP 10.28 Decreased By ▼ -0.04 (-0.39%)
WTL 1.32 No Change ▼ 0.00 (0%)
YOUW 3.79 Decreased By ▼ -0.01 (-0.26%)
BR100 12,493 Increased By 136.1 (1.1%)
BR30 37,772 Increased By 352.1 (0.94%)
KSE100 116,875 Increased By 855.2 (0.74%)
KSE30 35,927 Increased By 320.5 (0.9%)
Print - 2007-11-29
The Weather

The Weather

The weather report on Wednesday (November 28, 2007) and the forecast for Thursday (November 29, 2007).
Published 29 Nov, 2007 12:00am
KUJ demands end to curbs on media

KUJ demands end to curbs on media

Speakers at a protest meeting of the KUJ Dawn Unit here Tuesday evening demanded immediate withdrawal of the PCO, ending curbs on media, restoration of all news channels, and implementation of the 7th wage award.
Published 29 Nov, 2007 12:00am
Class XI result

Class XI result

The Controller of Examinations, Board of Intermediate and Secondary Education Hyderabad has informed that the result of HSC Part I (Class XI) Annual Examination 2007 Science General, Pre-Engineering and Pre-Medical Groups will be announced on Thursday Nov
Published 29 Nov, 2007 12:00am
Pakistan welcomes peace conference on Middle East

Pakistan welcomes peace conference on Middle East

Pakistan on Wednesday appreciating the efforts of United States to hold Middle East Peace Conference said that it is positive development and expressed the hope that it will work towards reaching an early agreement on a just resolution of the Palestine is
Published 29 Nov, 2007 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 29 Nov, 2007 12:00am
AKF-ECHO sign disaster risk reduction plan in Northern Areas

AKF-ECHO sign disaster risk reduction plan in Northern Areas

An agreement has been signed between the Aga Khan Foundation UK (AKF UK) and Director General of the European Commission for Humanitarian Aid (DG ECHO) through its Disaster Preparedness Programme (DIPECHO) to implement a project entitled "building local l
Published 29 Nov, 2007 12:00am
New York cotton

New York cotton

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

Published 29 Nov, 2007 12:00am
TIP's recommendations to combat corruption

TIP's recommendations to combat corruption

Transparency International Pakistan (TIP) has asked all political parties to include its recommendations in their manifestoes to combat corruption. In a release on Wednesday, TIP in its recommendations said that there should be no discretion in any admini
Published 29 Nov, 2007 12:00am
New York cotton

New York cotton

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

Published 29 Nov, 2007 12:00am
Hajj Operation to complete by December 6

Hajj Operation to complete by December 6

Hajj Operation will be completed by December 6 at Darul Hajjaj. About three thousand intending pilgrims have left for Saudi Arabia from Faisalabad. This was stated by Hajj Committee Member Ahsaan Shahid.
Published 29 Nov, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, November 29, 2007.

Published 29 Nov, 2007 12:00am
Mehfil-e-qir'at

Mehfil-e-qir'at

A mehfil-e-husn-e-qir'at will be held under the joint aegis of Khwaja Farid Sangat, Pakistan and Dr Murtaza Educational Trust at Hamdard Centre, Lytton Road here on Thursday. The mehfil, to commence after Maghrib prayers, will be presided over by Qari Ahm
Published 29 Nov, 2007 12:00am
Ogra to launch drive against sub-standard LPG cylinders

Ogra to launch drive against sub-standard LPG cylinders

The Oil and Gas Regulatory Authority (OGRA) will launch drive against sub-standard LPG cylinders and grant licenses to only those manufacturers who comply with safety standard. This was stated by Chairman LPG Distributor Association, Irfan Khokhar at a br
Published 29 Nov, 2007 12:00am
PIA introduces new flight checker system service

PIA introduces new flight checker system service

Pakistan International Airlines (PIA) has, for the convenience of its air passengers, introduced Flight Checker System Service. The service is accessible via PIA website: www.piac.com.pk providing access to passengers/air travellers, their friends and fam
Published 29 Nov, 2007 12:00am
OPIC plans to further expand financing programme

OPIC plans to further expand financing programme

Overseas Private Investment Corporation (OPIC), a US government agency, has decided to further expand its presence in Pakistan and other South Asian economies. OPIC plans a vigorous financing programme for the private sector where US based companies could
Published 29 Nov, 2007 12:00am
Jamaat-i-Islami threatens to boycott polls

Jamaat-i-Islami threatens to boycott polls

Jamaat-i-Islami Pakistan wile declaring that forthcoming general elections if held without restoring pre November 3 position would be merely a farce and drama, has threatened to boycott them.
Published 29 Nov, 2007 12:00am
Anti-terror record patchy at best: analysts

Anti-terror record patchy at best: analysts

With Osama bin Laden still at large and the Taliban roaming across Pakistan and Afghanistan, analysts say President Pervez Musharraf's anti-terror record as he quits the army is patchy at best.
Published 29 Nov, 2007 12:00am
Generals ruled country for half its existence

Generals ruled country for half its existence

President Pervez Musharraf's resignation as army chief on Wednesday brings to an end the fourth period of military rule in Pakistan's chequered 60-year history. Since the army first grabbed power, a decade after the South Asian country gained independence
Published 29 Nov, 2007 12:00am
Great economic progress achieved in Musharraf's tenure: Maqbool

Great economic progress achieved in Musharraf's tenure: Maqbool

The Governor of Punjab Khalid Maqbool has said that tremendous development and economic progress was made in the tenure of Pervez Musharraf. Talking to newsmen here on Wednesday, Khalid said Musharraf in his capacity as Chief of Army Staff made Pakistan A
Published 29 Nov, 2007 12:00am
LHCBA members' hunger strike continues

LHCBA members' hunger strike continues

The hunger strike camp of the Lahore High Court Bar Association (LHCBA) continued for the second day on Wednesday and a number of senior bar members joined the camp. While addressing the bar members at the camp, secretary bar Sarfraz Cheema said lawyers w
Published 29 Nov, 2007 12:00am
Benazir welcomes resignation

Benazir welcomes resignation

Pakistan People Party chairperson, Benazir Bhutto, on Wednesday welcomed President Pervez Musharraf's resignation from the army but said she was in no hurry to accept him as a civilian leader. "We welcome President Pervez Musharraf taking off his uniform
Published 29 Nov, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
Earth breaking for marble cities in NWFP, Fata soon

Earth breaking for marble cities in NWFP, Fata soon

The NWFP Governor, Lieutenant General Ali Muhammad Jan Aurakzai (Retd), has stressed the need for giving due importance to the promotion of education and research in the field of engineering, especially in the mining sector and said that both the province
Published 29 Nov, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
OMV may invest $80 million on gas field

OMV may invest $80 million on gas field

The OMV Petroleum, an Austrian petroleum company, which has recently discovered gas at Latif and Gambit blocks in Sindh, will make an investment of $80 million on the development of gas field, says a press release. This was stated by OMV Petroleum General
Published 29 Nov, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
B Com Part-I&II supplementary exam

B Com Part-I&II supplementary exam

Punjab University B.Com Part-I and Part-II, Supplementary Examination 2007 will be held in the third week of December 2007. Examination department has started arrangements for the conduct of exam.
Published 29 Nov, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
Kenyan diplomats visit Guard Group factory

Kenyan diplomats visit Guard Group factory

High Commission of Kenya, H.E Mishi Mwatsahu and Commercial Attaché of Kenya has visited Pakistan's premium institution "Guard Agricultural Research & Services Private Limited" and Guard Rice Factory Lahore.
Published 29 Nov, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
Patwari arrested

Patwari arrested

Anti-Corruption Establishment (ACE) Punjab has arrested a Patwari, posted at Khanewal, for taking bribe from a local farmer to issue 'Fard' of his agriculture land and sent him to jail on judicial remand.
Published 29 Nov, 2007 12:00am
Emergency rule to end 'very soon': Attorney General

Emergency rule to end 'very soon': Attorney General

Government will lift emergency rule "very soon" with President Pervez Musharraf keen to withdraw the measure before January elections, officials said on Wednesday. "I cannot give any exact date and time about lifting the emergency but I can say now that i
Published 29 Nov, 2007 12:00am
It's our 'strategic success': PPP

It's our 'strategic success': PPP

Pakistan People's Party strongly believes in politics of masses and would take part in the upcoming elections to bring change through public mandate.
Published 29 Nov, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (November 28, 2007) and for Wednesday (Thursday 29, 2007).
Published 29 Nov, 2007 12:00am
PML-N CEC authorises Nawaz to take decision about polls

PML-N CEC authorises Nawaz to take decision about polls

The Central Working Committee (CEC) of Pakistan Muslim League-Nawaz on Wednesday authorised party leader Nawaz Sharif to take final decision with regard to boycotting the January 8, 2008 elections. The meeting was held under the chairmanship of Nawaz Shar
Published 29 Nov, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, November 29, 2007.

Published 29 Nov, 2007 12:00am
LHC announces annual general holidays

LHC announces annual general holidays

The Chief Justice Lahore High Court (LHC) on Wednesday announced annual general holidays for the year 2008 to be observed by the LHC, its benches at Bahawalpur, Multan and Rawalpindi and civil and sessions courts.
Published 29 Nov, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, November 29, 2007.

Published 29 Nov, 2007 12:00am
CEC asked to get political leaders released

CEC asked to get political leaders released

Dr Tariq Hassan, attorney and advocate, has in a petition, urged the Chief Election Commissioner to exercise his powers under the law to get all political detainees released to ensure free and fair election, whatever may be the possibility of that miracle
Published 29 Nov, 2007 12:00am
Oil extends slide to below $94

Oil extends slide to below $94

Oil extended losses to below $94 on Wednesday after falling 3 percent a day ago, dragged lower by growing expectations of a rise in Opec production and negative US economic data. US oil was down 49 cents or 0.5 percent to $93.93 a barrel, after tumbling $
Published 29 Nov, 2007 12:00am
July-October 2008: 26 percent rise in services sector trade deficit

July-October 2008: 26 percent rise in services sector trade deficit

Services sector trade deficit has widened by 26 percent, reaching $2 billion during the first four months (July-October) of current fiscal year mainly due to high payments on account of transportation, travel and government services, besides decline in th
Published 29 Nov, 2007 12:00am
Kenyan tea prices mixed

Kenyan tea prices mixed

Kenya tea prices were mixed at this week's auction, with some grades easing slightly due to decreased buyer interest, traders said on Wednesday. Mombasa-based Africa Tea Brokers (ATB) said 121,165 packages were offered at this week's auction, with 12,961
Published 29 Nov, 2007 12:00am
LSE index gains 14.88 points

LSE index gains 14.88 points

The Lahore share market on Wednesday gave a positive response to President Musharraf's move to abandon his military uniform, and the equities rose with also a visible improvement in trade turnover. The LSE-25 Index finished the day at 4,543.81 points from
Published 29 Nov, 2007 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin rose 1.1 pct on Wednesday, supported by gains in the London Metal Exchange market and strong demand at the price, one dealer said.
Published 29 Nov, 2007 12:00am
LSE index gains 14.88 points

LSE index gains 14.88 points

The Lahore share market on Wednesday gave a positive response to President Musharraf's move to abandon his military uniform, and the equities rose with also a visible improvement in trade turnover. The LSE-25 Index finished the day at 4,543.81 points from
Published 29 Nov, 2007 12:00am
Gold loses ground in Asia

Gold loses ground in Asia

Gold lost ground on Wednesday after bargain hunting driven by a weak US dollar and sharp drop the previous day tapered off, but the metal may draw demand on price dips due to lingering uncertainty in credit markets. Spot gold hit an intraday high of $815.
Published 29 Nov, 2007 12:00am
Resignation a good step but more needed: US

Resignation a good step but more needed: US

US Secretary of State Condoleezza Rice said on Wednesday that Pakistani President Pervez Musharraf's resignation as army chief was a good first step but that he should now lift emergency rule.
Published 29 Nov, 2007 12:00am
Gold rises in New York

Gold rises in New York

A sharp fall in crude oil sent US gold futures to a sharply lower finish amid heavy volume on Tuesday, but decent support was seen and bullion could recoup losses if energy prices stemmed their losses, traders said. Nothing else matters but oil," said Fra
Published 29 Nov, 2007 12:00am
Resignation a good step but more needed: US

Resignation a good step but more needed: US

US Secretary of State Condoleezza Rice said on Wednesday that Pakistani President Pervez Musharraf's resignation as army chief was a good first step but that he should now lift emergency rule.
Published 29 Nov, 2007 12:00am
Copper futures lower in New York

Copper futures lower in New York

US copper futures settled back down below the $3.00 a lb level on Tuesday, as investors remained bearish on the red metal amid deepening concerns about the housing slump and its potential impact on the economy, analysts said.
Published 29 Nov, 2007 12:00am
EU lifts ban on PIA

EU lifts ban on PIA

The European Union (EU) on Wednesday completely lifted a ban on Pakistan International Airlines (PIA) from flying in the 27-nation bloc after the airline addressed the safety concerns of the European Union. The European Commission said it had removed PIA
Published 29 Nov, 2007 12:00am
New York arabica coffee futures drift lower

New York arabica coffee futures drift lower

US arabica coffee futures ended even on Tuesday, climbing to the session high as speculators and industry buyers sought the sharply lower levels that prevailed for most of the session, traders said.
Published 29 Nov, 2007 12:00am
EU lifts ban on PIA

EU lifts ban on PIA

The European Union (EU) on Wednesday completely lifted a ban on Pakistan International Airlines (PIA) from flying in the 27-nation bloc after the airline addressed the safety concerns of the European Union. The European Commission said it had removed PIA
Published 29 Nov, 2007 12:00am
MGE spring wheat mostly higher

MGE spring wheat mostly higher

Spring wheat futures at the Minneapolis Grain Exchange ended mostly higher on Tuesday, following Chicago and Kansas City wheat market gains with support from crop concerns and an uptick in export dealings. The Minneapolis December spring wheat contract cl
Published 29 Nov, 2007 12:00am
EU lifts ban on PIA

EU lifts ban on PIA

The European Union (EU) on Wednesday completely lifted a ban on Pakistan International Airlines (PIA) from flying in the 27-nation bloc after the airline addressed the safety concerns of the European Union. The European Commission said it had removed PIA
Published 29 Nov, 2007 12:00am
New York cocoa futures up

New York cocoa futures up

US cocoa futures ended a touch higher on Tuesday, after a quiet session of mixed, fund-led trading, dealers said. "The funds have a very large long position, which could be considered vulnerable to the downside. In light of good arrivals, I would think th
Published 29 Nov, 2007 12:00am
Musharraf doffs uniform

Musharraf doffs uniform

President General Pervez Musharraf on Wednesday relinquished the charge of Chief of the Army Staff and handed over the command to General Ashfaq Parvez Kayani a day ahead of taking oath as a civilian President for a five-year term.
Published 29 Nov, 2007 12:00am
Prices move both ways on grain market

Prices move both ways on grain market

Rising trend persisted on the grain market on Wednesday in process of trading as most of the buyers were on the sidelines due to sharp rise in the rates, dealers said. On the seed side, rapeseeds Mirpurlane low type gained Rs 50 to Rs 1475 and good type r
Published 29 Nov, 2007 12:00am
Musharraf doffs uniform

Musharraf doffs uniform

President General Pervez Musharraf on Wednesday relinquished the charge of Chief of the Army Staff and handed over the command to General Ashfaq Parvez Kayani a day ahead of taking oath as a civilian President for a five-year term.
Published 29 Nov, 2007 12:00am
Pineapple prices up on Jodia Bazaar

Pineapple prices up on Jodia Bazaar

The trading on pineapple side ended up on Jodia Bazaar here on Wednesday. The following variations were noted.
Published 29 Nov, 2007 12:00am
FBR lays down 'Auditing Standards'

FBR lays down 'Auditing Standards'

The Federal Board of Revenue (FBR) has laid down 'Auditing Standards' to judge the auditors' performance in field large and medium taxpayers units. Sources told Business Recorder on Wednesday that 'National Audit Plan' focused on development of qua
Published 29 Nov, 2007 12:00am
Strong mills' buying seen on cotton market

Strong mills' buying seen on cotton market

Steady trend was again witnessed on the cotton market on Wednesday as mills were active to cover the forward buying, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3075, dealers said.
Published 29 Nov, 2007 12:00am
FBR lays down 'Auditing Standards'

FBR lays down 'Auditing Standards'

The Federal Board of Revenue (FBR) has laid down 'Auditing Standards' to judge the auditors' performance in field large and medium taxpayers units. Sources told Business Recorder on Wednesday that 'National Audit Plan' focused on development of qua
Published 29 Nov, 2007 12:00am
Oil cake market rates

Oil cake market rates

Rising trend was seen on the forward cottonseed oilcake market on Wednesday as most of the buyers were busy in making new deals, dealers said. The December vaida opened with Rs 4.00 gain at Rs 598 and closing was seen at the same level, they said. The Jan
Published 29 Nov, 2007 12:00am
FBR lays down ''Auditing Standards''

FBR lays down ''Auditing Standards''

The Federal Board of Revenue (FBR) has laid down ''Auditing Standards'' to judge the auditors'' performance in field large and medium taxpayers units. Sources told Business Recorder on Wednesday that ''National Audit Plan'' focused on development o
Published 29 Nov, 2007 12:00am
CBoT wheat up

CBoT wheat up

Chicago Board of Trade wheat futures closed higher on Tuesday with dry weather in the US Plains hard red winter wheat region and declining condition ratings for the crop boosting prices, traders said.
Published 29 Nov, 2007 12:00am
Despite risks, Pakistan's troubles stay at home

Despite risks, Pakistan's troubles stay at home

Picture this: just when Pakistan's political turmoil seems to be simmering down, a key leader is assassinated, the Karachi stock exchange is bombed and elections are postponed indefinitely. Analysts say these are the worst-case scenarios that could fright
Published 29 Nov, 2007 12:00am
CBOT corn futures down

CBOT corn futures down

Corn futures on the Chicago Board of Trade closed lower on Tuesday amid falling crude oil markets, tumbling soy and a firm dollar, traders said. "Declines in crude oil didn't help corn at all and I think there was liquidation in the December ahead of firs
Published 29 Nov, 2007 12:00am
Despite risks, Pakistan's troubles stay at home

Despite risks, Pakistan's troubles stay at home

Picture this: just when Pakistan's political turmoil seems to be simmering down, a key leader is assassinated, the Karachi stock exchange is bombed and elections are postponed indefinitely. Analysts say these are the worst-case scenarios that could fright
Published 29 Nov, 2007 12:00am
Brazilian cocoa arrivals down

Brazilian cocoa arrivals down

Brazilian 2007/08 (May/April) cocoa arrivals from Bahia and other states totalled 2.37 million 60-kg bags by November 25, down 3.7 percent from 2.47 million bags a year ago, Bahia Commercial Association said Wednesday.
Published 29 Nov, 2007 12:00am
Despite risks, Pakistan''s troubles stay at home

Despite risks, Pakistan''s troubles stay at home

Picture this: just when Pakistan''s political turmoil seems to be simmering down, a key leader is assassinated, the Karachi stock exchange is bombed and elections are postponed indefinitely. Analysts say these are the worst-case scenarios that could frigh
Published 29 Nov, 2007 12:00am
WCE canola rallies to new highs

WCE canola rallies to new highs

Winnipeg Commodity Exchange canola futures set fresh highs on Tuesday despite weaker Chicago soyabean and soyaoil futures as the falling Canadian dollar encouraged export business, traders said. Canola ended 30 cents to $4 per tonne higher, with January u
Published 29 Nov, 2007 12:00am
KSE-100 index up 89.47 points

KSE-100 index up 89.47 points

Karachi share market on Wednesday continued its upward trend and the benchmark KSE-100 index surged by 89.47 points to close at 13,884.93 points' level on the back of positive developments at the political front in the country. The KSE-30 index gained 135
Published 29 Nov, 2007 12:00am
FOB Gulf soyabean up; corn and wheat steady

FOB Gulf soyabean up; corn and wheat steady

US FOB Gulf soyabean basis offers rose on Tuesday amid a downturn in futures prices and tight export capacity for December shipment, traders said. Wheat values held steady amid talk of a private Egyptian tender for wheat, traders said.
Published 29 Nov, 2007 12:00am
KSE-100 index up 89.47 points

KSE-100 index up 89.47 points

Karachi share market on Wednesday continued its upward trend and the benchmark KSE-100 index surged by 89.47 points to close at 13,884.93 points' level on the back of positive developments at the political front in the country. The KSE-30 index gained 135
Published 29 Nov, 2007 12:00am
US Midwest corn, soya and wheat bids steady to firm

US Midwest corn, soya and wheat bids steady to firm

Spot basis bids for corn, soyabeans and wheat were mostly steady to firm around the US Midwest on Wednesday amid slow country movement from farmers looking for higher cash prices, grain dealers said. "The market is down the last couple of days so they are
Published 29 Nov, 2007 12:00am
KSE-100 index up 89.47 points

KSE-100 index up 89.47 points

Karachi share market on Wednesday continued its upward trend and the benchmark KSE-100 index surged by 89.47 points to close at 13,884.93 points'' level on the back of positive developments at the political front in the country. The KSE-30 index gained 13
Published 29 Nov, 2007 12:00am
Kenyan coffee prices mixed

Kenyan coffee prices mixed

Kenyan coffee prices were mixed at this week's auction, with some grades firming due to improved quality and increased demand, traders said on Wednesday. A total of 8,091 60-kg bags were offered for sale at the Nairobi Coffee Exchange (NCE), with 7,616 so
Published 29 Nov, 2007 12:00am
FBR says income tax assessment cases can be re-opened

FBR says income tax assessment cases can be re-opened

The Federal Board of Revenue (FBR) has decided to strongly pursue the cases where income tax commissioners of Karachi and Lahore have reassessed transactions of corporate companies who were found to have indulged in massive concealment of real income.
Published 29 Nov, 2007 12:00am
HRW wheat bids steady

HRW wheat bids steady

US Plains hard red winter wheat basis bids held steady Wednesday, though a softer tone set in amid plentiful offers, merchants said. Farmers and other wheat market players were keeping a close eye on the weather, with more moisture needed to aid the emerg
Published 29 Nov, 2007 12:00am
FBR says income tax assessment cases can be re-opened

FBR says income tax assessment cases can be re-opened

The Federal Board of Revenue (FBR) has decided to strongly pursue the cases where income tax commissioners of Karachi and Lahore have reassessed transactions of corporate companies who were found to have indulged in massive concealment of real income.
Published 29 Nov, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 107,110 tonnes cargo including 62,845 tonnes import, 44,265 tonnes export cargo and 4,086 containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday.
Published 29 Nov, 2007 12:00am
FBR says income tax assessment cases can be re-opened

FBR says income tax assessment cases can be re-opened

The Federal Board of Revenue (FBR) has decided to strongly pursue the cases where income tax commissioners of Karachi and Lahore have reassessed transactions of corporate companies who were found to have indulged in massive concealment of real income.
Published 29 Nov, 2007 12:00am
Singapore bunker fuel prices down

Singapore bunker fuel prices down

Singapore bunker prices fell on Wednesday, while its differential to fuel oil cargo values remained in deep discount at steady levels. Prices for the 380-centistoke (cst) grade fell $2.00 from the last session to $476.00-$478.00 a tonne, while its discoun
Published 29 Nov, 2007 12:00am
Musharraf to take oath today

Musharraf to take oath today

General Pervez Musharraf, after bidding emotional farewell to arms on Wednesday, will take oath as President of Pakistan for the second five-year term here on Thursday. Chief Justice Abdul Hameed Dogar will administer the oath of office to 'Mr' Pervez Mus
Published 29 Nov, 2007 12:00am
Musharraf to take oath today

Musharraf to take oath today

General Pervez Musharraf, after bidding emotional farewell to arms on Wednesday, will take oath as President of Pakistan for the second five-year term here on Thursday. Chief Justice Abdul Hameed Dogar will administer the oath of office to 'Mr' Pervez Mus
Published 29 Nov, 2007 12:00am
PSO releases fuel shipments as Pepco makes payment

PSO releases fuel shipments as Pepco makes payment

Pakistan State Oil (PSO) is said to have released held-up furnace oil shipments destined for various power generation companies after receiving partial payment of dues from Pakistan Electric Power Company (Pepco), well-informed sources told Business Re
Published 29 Nov, 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 29 Nov, 2007 12:00am
PSO releases fuel shipments as Pepco makes payment

PSO releases fuel shipments as Pepco makes payment

Pakistan State Oil (PSO) is said to have released held-up furnace oil shipments destined for various power generation companies after receiving partial payment of dues from Pakistan Electric Power Company (Pepco), well-informed sources told Business Re
Published 29 Nov, 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 29 Nov, 2007 12:00am