News Archives for Print - 2008-01-18

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Bush sees need for economic 'boost': spokesman

US President George W. Bush supports calls for an economic stimulus package and will discuss recent worrisome data with leading lawmakers on Thursday, the White House said. "The president does believe that over the short term, to deal with the softening o

Published 18 Jan, 2008 12:00am

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 18 Jan, 2008 12:00am

Downside risks to EU growth sharpened: EU document

European Union growth is expected to remain near potential this year and next but high oil and commodity prices have sharpened downside risks, a document to be discussed by EU finance ministers next week said.

Published 18 Jan, 2008 12:00am

US treasuries bid yields

US treasuries bid yields on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Wheat & flour

The crisis caused by scarcity and soaring prices of wheat and flour has literally caused a ''belly ache'' for nearly every citizen. The irony that it happened to a wheat surplus country, in a year when the authorities announced a bumper crop and an ''expo

Published 18 Jan, 2008 12:00am

US treasuries bid yields

US treasuries bid yields on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Wheat & flour

The crisis caused by scarcity and soaring prices of wheat and flour has literally caused a 'belly ache' for nearly every citizen. The irony that it happened to a wheat surplus country, in a year when the authorities announced a bumper crop and an 'exporta

Published 18 Jan, 2008 12:00am

US treasuries bid yields

US treasuries bid yields on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Wheat & flour

The crisis caused by scarcity and soaring prices of wheat and flour has literally caused a 'belly ache' for nearly every citizen. The irony that it happened to a wheat surplus country, in a year when the authorities announced a bumper crop and an 'exporta

Published 18 Jan, 2008 12:00am

US treasuries bid prices

US treasuries bid prices on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Possible removal from GEIS: FTSE defers decision on Pakistan

Following some high-level consultations with the Securities and Exchange Commission of Pakistan, FTSE Group (FTSE), the global index provider, has deferred its decision to remove Pakistan from the FTSE Global Equity Index Series (GEIS) from June 2008.

Published 18 Jan, 2008 12:00am

US treasuries bid prices

US treasuries bid prices on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Possible removal from GEIS: FTSE defers decision on Pakistan

Following some high-level consultations with the Securities and Exchange Commission of Pakistan, FTSE Group (FTSE), the global index provider, has deferred its decision to remove Pakistan from the FTSE Global Equity Index Series (GEIS) from June 2008.

Published 18 Jan, 2008 12:00am

US treasuries bid prices

US treasuries bid prices on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Possible removal from GEIS: FTSE defers decision on Pakistan

Following some high-level consultations with the Securities and Exchange Commission of Pakistan, FTSE Group (FTSE), the global index provider, has deferred its decision to remove Pakistan from the FTSE Global Equity Index Series (GEIS) from June 2008.

Published 18 Jan, 2008 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Nepra failed to frame rules even after 10 years

The National Electric Power Regulatory Authority (Nepra) has not framed 80 percent of rules even after its decade long existence, informed sources told Business Recorder. The reason behind this was non-professional and politically-backed bureaucrat

Published 18 Jan, 2008 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Nepra failed to frame rules even after 10 years

The National Electric Power Regulatory Authority (Nepra) has not framed 80 percent of rules even after its decade long existence, informed sources told Business Recorder. The reason behind this was non-professional and politically-backed bureaucrat

Published 18 Jan, 2008 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Nepra failed to frame rules even after 10 years

The National Electric Power Regulatory Authority (Nepra) has not framed 80 percent of rules even after its decade long existence, informed sources told Business Recorder. The reason behind this was non-professional and politically-backed bureaucrat

Published 18 Jan, 2008 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

BRIndex30 sheds 169.54 points

On Thursday, BRIndex30 opened at 14,960.70. It closed at 14,801.91, recording net negative change of -169.54 points and percentage change of -1.13. BRIndex30 made an intra-day high of 14,974.18 and intra-day low of 14,717.04.

Published 18 Jan, 2008 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 (January 17, 2008).

Published 18 Jan, 2008 12:00am

BRIndex30 sheds 169.54 points

On Thursday, BRIndex30 opened at 14,960.70. It closed at 14,801.91, recording net negative change of -169.54 points and percentage change of -1.13. BRIndex30 made an intra-day high of 14,974.18 and intra-day low of 14,717.04.

Published 18 Jan, 2008 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 (January 17, 2008).

Published 18 Jan, 2008 12:00am

Bearish trend continues on KSE

Bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 172.63 points to close at 13,674.04 points level amidst thin volumes. "Lack of local and foreign investor interest was witnessed due to prevailing uncertain

Published 18 Jan, 2008 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 (January 17, 2008).

Published 18 Jan, 2008 12:00am

Bearish trend continues on KSE

Bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 172.63 points to close at 13,674.04 points level amidst thin volumes. "Lack of local and foreign investor interest was witnessed due to prevailing uncertain

Published 18 Jan, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Bearish trend continues on KSE

Bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 172.63 points to close at 13,674.04 points level amidst thin volumes. "Lack of local and foreign investor interest was witnessed due to prevailing uncertain

Published 18 Jan, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Deteriorating law and order: Tullow Pakistan is leaving Pakistan

Tullow Pakistan, a foreign exploration and production company, has put its blocks and other assets up for sale, saying it is no longer possible for the company to continue finding carbon reserves amid deteriorating law and order situation in Pakistan.

Published 18 Jan, 2008 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 (January 17, 2008).

Published 18 Jan, 2008 12:00am

Deteriorating law and order: Tullow Pakistan is leaving Pakistan

Tullow Pakistan, a foreign exploration and production company, has put its blocks and other assets up for sale, saying it is no longer possible for the company to continue finding carbon reserves amid deteriorating law and order situation in Pakistan.

Published 18 Jan, 2008 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 (January 17, 2008).

Published 18 Jan, 2008 12:00am

Deteriorating law and order: Tullow Pakistan is leaving Pakistan

Tullow Pakistan, a foreign exploration and production company, has put its blocks and other assets up for sale, saying it is no longer possible for the company to continue finding carbon reserves amid deteriorating law and order situation in Pakistan.

Published 18 Jan, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Illegal sugarcane buying, selling setting new records: FBR fails to work out mechanism

The Federal Board of Revenue (FBR) has failed to workout an effective mechanism for checking the sugar industry''s tax evasion as unregistered buying and selling of sugarcane at illegal weighing scales (kundas) is setting new record this year.

Published 18 Jan, 2008 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 18 Jan, 2008 12:00am

Illegal sugarcane buying, selling setting new records: FBR fails to work out mechanism

The Federal Board of Revenue (FBR) has failed to workout an effective mechanism for checking the sugar industry's tax evasion as unregistered buying and selling of sugarcane at illegal weighing scales (kundas) is setting new record this year.

Published 18 Jan, 2008 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 18 Jan, 2008 12:00am

Illegal sugarcane buying, selling setting new records: FBR fails to work out mechanism

The Federal Board of Revenue (FBR) has failed to workout an effective mechanism for checking the sugar industry's tax evasion as unregistered buying and selling of sugarcane at illegal weighing scales (kundas) is setting new record this year.

Published 18 Jan, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (January 17, 2008).

Published 18 Jan, 2008 12:00am

Testing condition withdrawn from imported wheat

The state-run grain trader has withdrawn testing condition from imported wheat at disembarkation port on bidders request in order to ensure maximum participation in the wheat tender, sources told Business Recorder on Thursday.

Published 18 Jan, 2008 12:00am

US Midwest bids for corn and soya firm

Spot basis bids for corn and soyabeans firmed at river terminals on Wednesday, but held steady at most interior elevators and processors, grain dealers said. Country movement was mostly slow, but a dealer in western Iowa said some farmers booked light sal

Published 18 Jan, 2008 12:00am

Testing condition withdrawn from imported wheat

The state-run grain trader has withdrawn testing condition from imported wheat at disembarkation port on bidders request in order to ensure maximum participation in the wheat tender, sources told Business Recorder on Thursday.

Published 18 Jan, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 112,441 tonnes cargo including 94,219 tonnes import, 18,222 tonnes export cargo and 3,115 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.

Published 18 Jan, 2008 12:00am

Testing condition withdrawn from imported wheat

The state-run grain trader has withdrawn testing condition from imported wheat at disembarkation port on bidders request in order to ensure maximum participation in the wheat tender, sources told Business Recorder on Thursday.

Published 18 Jan, 2008 12:00am

US corn futures lower on setback

US corn futures on the Chicago Board of Trade closed lower on Wednesday in a setback from recent rallies to 11-year highs and on mounting concerns about a potential recession, traders said. Traders said steep slides in crude oil and gold also weighed on t

Published 18 Jan, 2008 12:00am

No danger to Pakistan's nuclear assets: US experts

Pakistan's nuclear assets are secure and there is no danger to their safety currently or in the near future, foreign policy experts said at a US Congressional hearing.

Published 18 Jan, 2008 12:00am

FOB Gulf corn and soyabean offers firm

US FOB Gulf corn and soyabean basis offers were firm on Wednesday, after softening earlier in the week, amid higher CIF barge values, traders said. CIF corn and soyabean values jumped on Wednesday amid rising barge freight rates and lower Chicago Board of

Published 18 Jan, 2008 12:00am

US former congressman indicted in terror funding case

A federal grand jury on Wednesday indicted a former US lawmaker for his links to a charity that sent funds to an Afghanistan-based supporter of al Qaeda through banks in Pakistan.

Published 18 Jan, 2008 12:00am

Til sharply up amid thin trade on grain market

Til after maintaining a firm trend for a long time, fluctuated with sharp gain on the grain market on Thursday as most of the commodities held their overnight levels mainly because of balanced demand and supply position, dealers said.

Published 18 Jan, 2008 12:00am

US former congressman indicted in terror funding case

A federal grand jury on Wednesday indicted a former US lawmaker for his links to a charity that sent funds to an Afghanistan-based supporter of al Qaeda through banks in Pakistan.

Published 18 Jan, 2008 12:00am

Plastic mouldings mixed on Jodia Bazaar

The trading on plastic mouldings closed mixed on Jodia Bazaar here on Thursday.

Published 18 Jan, 2008 12:00am

Call for shift in US policy towards Pakistan

The US Congress on Wednesday passed its first 2008 legislation by condemning the murder of ex-premier Benazir Bhutto amid a call for a shift in US policy towards Islamabad.

Published 18 Jan, 2008 12:00am

US Plains HRW wheat bids steady

US Plains hard red winter wheat basis values were holding steady on Thursday, with market players keying strategies to surging futures prices and strong mill demand. New-crop July wheat futures on the Kansas City Board of Trade soared to a new contract hi

Published 18 Jan, 2008 12:00am

US urged to help prevent election rigging

US policymakers must keep pressure on President Pervez Musharraf to hold fair elections in Pakistan next month or risk deeper chaos in the nuclear-armed country, an important ally in Washington's anti-terror campaign, experts told Congress on Wednesday.

Published 18 Jan, 2008 12:00am

US wheat futures mixed

US wheat futures closed mixed in volatile trade on Wednesday, with the Minneapolis spring wheat market soaring to an all-time high toward the close on commercial buying and firm cash markets, traders said.

Published 18 Jan, 2008 12:00am

US urged to help prevent election rigging

US policymakers must keep pressure on President Pervez Musharraf to hold fair elections in Pakistan next month or risk deeper chaos in the nuclear-armed country, an important ally in Washington's anti-terror campaign, experts told Congress on Wednesday.

Published 18 Jan, 2008 12:00am

Oil cake market rates

Dullness prevailed in the forward cottonseed oilcake market on Thursday as leading buyers were on the sidelines, dealers said. The January vaida opened unchanged at Rs 655.00 and closing was seen at the same level with no fluctuation for the day's bottom

Published 18 Jan, 2008 12:00am

SLY team probe enters final stage

The detective team of Scotland Yard (SLY) has been entered final stage after the preliminary investigation into the assassination of Benazir Bhutto. On Thursday the SLY team investigators discussed various aspects of the investigations done so far with th

Published 18 Jan, 2008 12:00am

Volume lower in cautious trading on cotton market

Cautious trading was seen on the cotton market on Thursday as mills avoided hectic buying in a bid to halt sharp increase in the prices, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3200, they said.

Published 18 Jan, 2008 12:00am

SLY team probe enters final stage

The detective team of Scotland Yard (SLY) has been entered final stage after the preliminary investigation into the assassination of Benazir Bhutto. On Thursday the SLY team investigators discussed various aspects of the investigations done so far with th

Published 18 Jan, 2008 12:00am

Slow trading in steady cotton market

Political uncertainty in the country, approach of Ashura (10th of Moharram) next Sunday and extensive shortages of gas and electric power have put the domestic cotton and textile industry in a predicament. Added to these woes, a relatively short domestic

Published 18 Jan, 2008 12:00am

FBR to surpass Rs one trillion tax collection: Yusuf

The ministry of finance has conveyed to President Musharraf that the tax machinery would be able to surpass revenue collection of Rs 1 trillion during 2007-2008.

Published 18 Jan, 2008 12:00am

Slow trading in steady cotton market

Political uncertainty in the country, approach of Ashura (10th of Moharram) next Sunday and extensive shortages of gas and electric power have put the domestic cotton and textile industry in a predicament. Added to these woes, a relatively short domestic

Published 18 Jan, 2008 12:00am

FBR to surpass Rs one trillion tax collection: Yusuf

The ministry of finance has conveyed to President Musharraf that the tax machinery would be able to surpass revenue collection of Rs 1 trillion during 2007-2008.

Published 18 Jan, 2008 12:00am

New York coffee lower

Arabica coffee futures trading on ICE on Wednesday slipped on the speculative liquidation that pushed most commodities into negative territory in a correction to Tuesday's rally, dealers said. "The market came off today with more-or-less spec liquidation,

Published 18 Jan, 2008 12:00am

FBR to surpass Rs one trillion tax collection: Yusuf

The ministry of finance has conveyed to President Musharraf that the tax machinery would be able to surpass revenue collection of Rs 1 trillion during 2007-2008.

Published 18 Jan, 2008 12:00am

New York cocoa weak on liquidation pressure

US cocoa futures settled weak on Wednesday, correcting lower on liquidation and technical pressure after on Monday's fund-driven rally, traders said. "(There's) some trade or industry buying mixed with some arbitrage as New York fell faster than London,"

Published 18 Jan, 2008 12:00am

Al Qaeda calls for fresh attacks on forces

Two major al Qaeda operatives in tribal areas near Afghanistan have called upon their followers to intensify holy war against security forces and seize control of the capital Islamabad, media reports said on Thursday.

Published 18 Jan, 2008 12:00am

MGE March spring wheat higher

MGE March spring wheat settled at $11.34-3/4 per bushel on Thursday, up 27 cents, after reaching $11.37-3/4, the highest-ever price for any US wheat futures contract. The contract traded the maximum one-day range of 60 cents, rising the 30-cent daily limi

Published 18 Jan, 2008 12:00am

Cabinet to quiz PIA chairman on losses

The caretaker cabinet will quiz Pakistan International Airlines (PIA) Chairman Zafar Ahmad Khan on January 22 to know the reasons of huge losses despite the fact that seats were not available on most of the international and domestic flights, informed sou

Published 18 Jan, 2008 12:00am

US copper down

US copper futures ended lower on Wednesday as the industrial metal fell under the weight of a stronger US dollar and the steeper losses sustained in the precious metals and energy complexes, analysts said. "I think you can attribute this sell-off today to

Published 18 Jan, 2008 12:00am

Cabinet to quiz PIA chairman on losses

The caretaker cabinet will quiz Pakistan International Airlines (PIA) Chairman Zafar Ahmad Khan on January 22 to know the reasons of huge losses despite the fact that seats were not available on most of the international and domestic flights, informed sou

Published 18 Jan, 2008 12:00am

US gold sharply lower

US gold futures finished near a one-week low on Wednesday as funds frantically liquidated positions to cover margin calls amid steep losses, triggering a broad sell-off in commodities.

Published 18 Jan, 2008 12:00am

Cabinet to quiz PIA chairman on losses

The caretaker cabinet will quiz Pakistan International Airlines (PIA) Chairman Zafar Ahmad Khan on January 22 to know the reasons of huge losses despite the fact that seats were not available on most of the international and domestic flights, informed sou

Published 18 Jan, 2008 12:00am

Gold retreats in Asia

Gold extended losses from a record high on Thursday, surrendering as much as $8.60 an ounce as the dollar held on to its gains against the euro ahead of a testimony by US Federal Reserve Chairman Ben Bernanke.

Published 18 Jan, 2008 12:00am

Retirement of loans: SBP asks banks not to provide financing

State Bank of Pakistan has instructed banks not to provide financing for retirement of wheat procurement loans to avoid hoarding of wheat. In this regard SBP on Thursday issued MFD Circular Letter No 01 to the heads of banks.

Published 18 Jan, 2008 12:00am

Malaysian tin

Malaysian tin ended flat on Thursday, despite rising London Metal Exchange prices, as buyers were cautious due to market volatility, one dealer said.

Published 18 Jan, 2008 12:00am

Retirement of loans: SBP asks banks not to provide financing

State Bank of Pakistan has instructed banks not to provide financing for retirement of wheat procurement loans to avoid hoarding of wheat. In this regard SBP on Thursday issued MFD Circular Letter No 01 to the heads of banks.

Published 18 Jan, 2008 12:00am

Asian physical rubber prices

Asian physical rubber prices were quoted lower on Thursday a day after futures contracts tumbled nearly three percent on the Tokyo Commodity Exchange. But trade was active, with several deals done after prices fell, traders said.

Published 18 Jan, 2008 12:00am

Retirement of loans: SBP asks banks not to provide financing

State Bank of Pakistan has instructed banks not to provide financing for retirement of wheat procurement loans to avoid hoarding of wheat. In this regard SBP on Thursday issued MFD Circular Letter No 01 to the heads of banks.

Published 18 Jan, 2008 12:00am

Oil rises on short-covering

Oil rose on Thursday on short- covering after a hefty increase in US crude oil stocks compounded concerns of a slowing economy in the world's top energy consumer and led to losses of more than $3 over the past two days. US light crude for February deliver

Published 18 Jan, 2008 12:00am

Subprime losses won''t top $500 billion: Bernanke backs US fiscal stimulus if quick

The chairman of the US Federal Reserve on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession, but warned such a plan could do more harm than good unless put together quickly

Published 18 Jan, 2008 12:00am

Shanghai copper ends steady

Shanghai copper steadied on Thursday after dropping by its daily limit on Wednesday, shrugging off tighter monetary policy in China and instead focusing on gains in London and prospects of a US interest rate cut. The April copper contract, the most active

Published 18 Jan, 2008 12:00am

Subprime losses won't top $500 billion: Bernanke backs US fiscal stimulus if quick

The chairman of the US Federal Reserve on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession, but warned such a plan could do more harm than good unless put together quickly

Published 18 Jan, 2008 12:00am

Indonesian cocoa up

Gains in cocoa futures and dwindling supplies lifted prices of Indonesian cocoa beans this week, but trading was thin as buyers awaited fresh supplies from the main harvest in March.

Published 18 Jan, 2008 12:00am

Subprime losses won't top $500 billion: Bernanke backs US fiscal stimulus if quick

The chairman of the US Federal Reserve on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession, but warned such a plan could do more harm than good unless put together quickly

Published 18 Jan, 2008 12:00am

New York sugar finish at one-year top

Raw sugar futures bucked a sell-off in the commodity complex to settle at a year high and the market is poised to punch higher based on the strength of its performance on Wednesday, brokers said. ICE Futures March electronic sugar contract was 0.22 cent h

Published 18 Jan, 2008 12:00am

10 killed in Peshawar suicide blast

A teenaged suicide bomber blew himself up in a gathering of mourners at Imam Bargah in congested Mohalla Jhangi at the back of historic Qissa Khwani killing ten mourners and injuring 25 others. Waqar Hussain, Mutawalli (Caretaker) of Imam Bargah, cop Alam

Published 18 Jan, 2008 12:00am

Indian soyoil and sugar rises

Indian soyoil futures rose on Thursday, tracking a rebound in rival Malaysian palm oil futures and higher crude oil. At 3:57 pm (1027 GMT), the January contract on the National Commodity and Derivatives Exchange was up 0.85 percent at 586.7 rupees ($14.9)

Published 18 Jan, 2008 12:00am

10 killed in Peshawar suicide blast

A teenaged suicide bomber blew himself up in a gathering of mourners at Imam Bargah in congested Mohalla Jhangi at the back of historic Qissa Khwani killing ten mourners and injuring 25 others. Waqar Hussain, Mutawalli (Caretaker) of Imam Bargah, cop Alam

Published 18 Jan, 2008 12:00am

US rice futures tumble

US rough rice futures on the Chicago Board of Trade dived on Wednesday amid a broad-based sell-off in commodities, traders said. Rice, along with other commodities, has been on fire, soaring to an all-time high as investors looked for a hedge against infl

Published 18 Jan, 2008 12:00am

Tokyo rubber rebounds

Tokyo rubber futures rose on Thursday as slight falls in the yen against the dollar and expectations of potential supply concerns prompted short-covering after slipping nearly 3 percent the previous day. The benchmark Tokyo Commodity Exchange rubber contr

Published 18 Jan, 2008 12:00am

Malaysian palm oil futures climb

Malaysian crude palm oil futures rose 3 percent on Thursday, rebounding from two straight days of declines after gains in the soyoil market, traders said.

Published 18 Jan, 2008 12:00am

German unions call for Nokia boycott

The DGB confederation of German trade unions called Thursday for a boycott of Nokia, the world's leading maker of mobile telephones, in response to the planned closure of a western German factory. "Boycott Nokia" was the title of a statement sent from a D

Published 18 Jan, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	142.19
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 19	5,713.64
Nasdaq / Sep 19	18,013.98
FTSE 100 / Sep 19	8,328.72
Dow Jones / Sep 19	42,025.19
Germany DAX 30 / Sep 19	19,002.38
France CAC40 / Sep 19	7,615.41
India Sensex / Sep 20	83,711.40
Tokyo Nikkei / Sep 20	37,879.54

Item	Value
Gold 10 Grams PKR / Sep 19	230,195
Petrol/Litre / Sep 20	249.10
Crude Oil USD/Barrel / Sep 20	71.80
Karachi Cotton PKR/37.32 KG / Sep 20	18,935
Gold Spot USD/Ounce / Sep 20	2,599.47
Diesel/Litre / Sep 20	249.69

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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