News Archives for Print - 2008-01-22

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (January 21, 2008).

Published 22 Jan, 2008 12:00am

Seven parties awarded tenders for 0.5 million tons wheat import

The Trading Corporation of Pakistan (TCP) has awarded tenders for import of 0.5 million tons wheat to seven international suppliers at $23 to $142 per ton higher rates, sources told Business Recorder on Monday.

Published 22 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 Monday (January 21, 2008).

Published 22 Jan, 2008 12:00am

Seven parties awarded tenders for 0.5 million tons wheat import

The Trading Corporation of Pakistan (TCP) has awarded tenders for import of 0.5 million tons wheat to seven international suppliers at $23 to $142 per ton higher rates, sources told Business Recorder on Monday.

Published 22 Jan, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (January 21, 2008).

Published 22 Jan, 2008 12:00am

Seven parties awarded tenders for 0.5 million tons wheat import

The Trading Corporation of Pakistan (TCP) has awarded tenders for import of 0.5 million tons wheat to seven international suppliers at $23 to $142 per ton higher rates, sources told Business Recorder on Monday.

Published 22 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 22 Jan, 2008 12:00am

Some large units not e-filing tax returns

Some units belonging to banking sector, services, pharmaceuticals, textiles, POL products, chemicals, automobiles, sugar, insurance, hotels and iron and steel, falling within the jurisdiction of Karachi, Large Taxpayers Unit (LTU) are not filing returns e

Published 22 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 22 Jan, 2008 12:00am

Some large units not e-filing tax returns

Some units belonging to banking sector, services, pharmaceuticals, textiles, POL products, chemicals, automobiles, sugar, insurance, hotels and iron and steel, falling within the jurisdiction of Karachi, Large Taxpayers Unit (LTU) are not filing returns e

Published 22 Jan, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (January 21, 2008).

Published 22 Jan, 2008 12:00am

Some large units not e-filing tax returns

Some units belonging to banking sector, services, pharmaceuticals, textiles, POL products, chemicals, automobiles, sugar, insurance, hotels and iron and steel, falling within the jurisdiction of Karachi, Large Taxpayers Unit (LTU) are not filing returns e

Published 22 Jan, 2008 12:00am

Indonesian palm oil prices ease

Indonesian palm oil eased on Monday, pressured by a softening Malaysian market with players retreating to the sidelines as they wait to see if the downtrend persists in the next few days. The state marketing centre in Jakarta sold crude palm oils at 9,526

Published 22 Jan, 2008 12:00am

Supreme Court tells SBP to submit report on Rs 54 billion loan write-off

The Supreme Court has called a report from the State Bank of Pakistan about Rs 54 billion bank loans reportedly written off by the outgoing government in the last five years.

Published 22 Jan, 2008 12:00am

Oil cake market rates

Thin business was seen on the forward cottonseed oilcake market on Monday. Many buyers were on the sideline, 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 and

Published 22 Jan, 2008 12:00am

Supreme Court tells SBP to submit report on Rs 54 billion loan write-off

The Supreme Court has called a report from the State Bank of Pakistan about Rs 54 billion bank loans reportedly written off by the outgoing government in the last five years.

Published 22 Jan, 2008 12:00am

Nominal business seen on cotton market

Sluggish business was seen on the cotton market on Monday as nearly all the commercial centres reopened after observing holiday on account of Youm-e-Ashura, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3200, th

Published 22 Jan, 2008 12:00am

Supreme Court tells SBP to submit report on Rs 54 billion loan write-off

The Supreme Court has called a report from the State Bank of Pakistan about Rs 54 billion bank loans reportedly written off by the outgoing government in the last five years.

Published 22 Jan, 2008 12:00am

Dyes move both ways on Jodia Bazaar

The trading on dyes moved both ways on Jodia Bazaar here on Monday. The following variations were noted.

Published 22 Jan, 2008 12:00am

Britain, India for fair and free elections

Britain and India shared hopes that Pakistan would see an early return to stability and prosperity and recognised the importance of free and fair parliamentary elections on February 18.

Published 22 Jan, 2008 12:00am

Seeds prices higher on grain market

Seeds prices were higher on the grain market on Monday due to short supply position, dealers said. On the seed side, cottonseed oilcake with bags, better type, price was higher by Rs 70 to Rs 580 and low type was unchanged at Rs 500 in process of trading.

Published 22 Jan, 2008 12:00am

Britain, India for fair and free elections

Britain and India shared hopes that Pakistan would see an early return to stability and prosperity and recognised the importance of free and fair parliamentary elections on February 18.

Published 22 Jan, 2008 12:00am

Ivory Coast's main cocoa zones still dry

Ivory Coast's main cocoa growing regions have remained dry over the last week, farmers and an analyst said on Monday, but showers fell in some smaller eastern regions, boosting soil moisture during the hot, dry season. "There was a heavy shower last week.

Published 22 Jan, 2008 12:00am

Year-on-Year basis: July-December oil products'' sales up nine percent

The sales of various oil products have increased by 9 percent on year-on-year basis to 9.1 million tons in the first half (July-December) of current fiscal year as compared to 8.3 million tons in the corresponding period of previous fiscal year.

Published 22 Jan, 2008 12:00am

Indonesia sees 2009 white sugar output up

Indonesia expects its white plantation sugar production to climb The government forecasts output of plantation white sugar will reach 2.6-2.8 million tonnes in 2008, up from an estimated 2.4 million tonnes in 2007. Plantation sugar is consumed by househol

Published 22 Jan, 2008 12:00am

Year-on-Year basis: July-December oil products' sales up nine percent

The sales of various oil products have increased by 9 percent on year-on-year basis to 9.1 million tons in the first half (July-December) of current fiscal year as compared to 8.3 million tons in the corresponding period of previous fiscal year.

Published 22 Jan, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 27,901 tonnes import cargo during last 24 hours ending at 0700 hours on Monday. Fourteen ships namely Hyundai Sprinter, YM Energy, Sp 5-Eric G Gibson, Nordwoge, OEL Strength, Tower Bridge, Hajin Chittagong, St. Irene, Semery, Lala

Published 22 Jan, 2008 12:00am

Year-on-Year basis: July-December oil products' sales up nine percent

The sales of various oil products have increased by 9 percent on year-on-year basis to 9.1 million tons in the first half (July-December) of current fiscal year as compared to 8.3 million tons in the corresponding period of previous fiscal year.

Published 22 Jan, 2008 12:00am

Bangladesh port handles record cargo in 2007

Cargo handling at Bangladesh's main Chittagong port rose 2.3 percent to record 27.6 million tonnes in 2007, following a drive to improve efficiency and reduce corruption, the port said on Sunday. The turnaround time for a ship was reduced to three days fr

Published 22 Jan, 2008 12:00am

Data to be collected from PSMA, Minfal: FBR to find reasons behind low sales tax

The Federal Board of Revenue (FBR) has decided to collect data from Pakistan Sugar Mills Association (PSMA) and Ministry of Food and Agriculture to ascertain reasons for low sales tax collection from sugar mills in the first half (July-December) of 2007-0

Published 22 Jan, 2008 12:00am

India should let in more FDI for job creation

India needs to move faster on opening its economy to foreign capital and should manage its currency more actively to ensure job creation and avoid social unrest, a member of its convertibility panel said.

Published 22 Jan, 2008 12:00am

Data to be collected from PSMA, Minfal: FBR to find reasons behind low sales tax

The Federal Board of Revenue (FBR) has decided to collect data from Pakistan Sugar Mills Association (PSMA) and Ministry of Food and Agriculture to ascertain reasons for low sales tax collection from sugar mills in the first half (July-December) of 2007-0

Published 22 Jan, 2008 12:00am

Asian oil swaps mixed

Outright Asian oil product swaps were mostly higher on Monday, while gas oil cracks weakened in anticipation of cooling Chinese demand just ahead of the Lunar New Year holidays. Front-month gas oil swaps rose 70 cents to $104.10 a barrel, while its Februa

Published 22 Jan, 2008 12:00am

Data to be collected from PSMA, Minfal: FBR to find reasons behind low sales tax

The Federal Board of Revenue (FBR) has decided to collect data from Pakistan Sugar Mills Association (PSMA) and Ministry of Food and Agriculture to ascertain reasons for low sales tax collection from sugar mills in the first half (July-December) of 2007-0

Published 22 Jan, 2008 12:00am

Chinese copper users to build pre-holiday stocks

Copper end-users in China are likely to start building stocks of the metal next week as the spot market will close during the week-long Lunar New Year break in early February, trading sources said on Monday.

Published 22 Jan, 2008 12:00am

UK asks colleges to watch for militants

Al Qaeda-inspired militants pose a serious threat at some British universities and students should be told of the dangers, the government said on Tuesday.

Published 22 Jan, 2008 12:00am

Shanghai copper up

Shanghai copper prices rose 2 percent on Monday, supported by gains in London and reports of delays in shipping copper out of bonded warehouses. The April copper contract, the most active on the Shanghai Futures Exchange, rose 1,250 yuan to 61,150 yuan ($

Published 22 Jan, 2008 12:00am

Zardari, Qayyum discuss NRO

The government would re-enact the National Reconciliation Ordinance (NRO) if People's Party decides to cooperate with President Musharraf in future, Attorney General Malik Qayyum told Asif Ali Zardari in a meeting in Dubai. Otherwise the cases against the

Published 22 Jan, 2008 12:00am

Gold falls

Gold edged lower on Monday after President George W. Bush's plan to give the US economy temporary tax cuts and other measures totalling about $150 billion failed to inspire buying.

Published 22 Jan, 2008 12:00am

Zardari, Qayyum discuss NRO

The government would re-enact the National Reconciliation Ordinance (NRO) if People's Party decides to cooperate with President Musharraf in future, Attorney General Malik Qayyum told Asif Ali Zardari in a meeting in Dubai. Otherwise the cases against the

Published 22 Jan, 2008 12:00am

Malaysian tin up

Malaysian tin rose 1.2 percent on Monday as rising London Metal Exchange prices and strong foreign demand lifted the market, one dealer said.

Published 22 Jan, 2008 12:00am

Islamic states urge UNSC to meet on Gaza

The 57-member Organisation of the Islamic Conference urged the UN Security Council on Monday to hold an emergency meeting on the Israeli blockade of Gaza where a humanitarian crisis is looming.

Published 22 Jan, 2008 12:00am

Tanzania coffee prices firm

Tanzania coffee prices firmed at the first auction this year, boosted by robust demand for the beans on offer, traders said on Monday. Tanzania Coffee Board (TCB) said 28,689 60-kg bags were offered for sale, with 27,575 sold.

Published 22 Jan, 2008 12:00am

Close aide of Baitullah Mehsud held

Law Enforcement Agencies arrested Younus Mehsud, a close aide of Baitullah Mehsud, from Sohrab Goth here on late Monday night, a private TV channel reported. According to the TV channel, explosive material has also been recovered from his possession. Youn

Published 22 Jan, 2008 12:00am

Oil prices steady

Oil prices held steady on Monday at just below $91 a barrel, supported by the closure of Mexico's oil export terminals due to bad weather, as well as Opec's dismissal of calls to raise output. US light crude for February delivery rose 11 cents to $90.68 a

Published 22 Jan, 2008 12:00am

Close aide of Baitullah Mehsud held

Law Enforcement Agencies arrested Younus Mehsud, a close aide of Baitullah Mehsud, from Sohrab Goth here on late Monday night, a private TV channel reported. According to the TV channel, explosive material has also been recovered from his possession. Youn

Published 22 Jan, 2008 12:00am

India soyaoil declines

Indian soyaoil futures fell on Monday on lower demand in the physical market due to high prices and weak rival Malaysian palm oil futures. At 3:15 pm (0945 GMT), the February contract on the National Commodity and Derivatives Exchange was down 0.7 percent

Published 22 Jan, 2008 12:00am

Google spars with European lawmakers over privacy

Google attacked European parliamentarians and privacy advocates on Monday for trying to have competition authorities consider the handling of personal information in its $3.1 billion take-over of rival DoubleClick.

Published 22 Jan, 2008 12:00am

Indian sugar futures drop

Indian sugar futures dropped on Monday as traders booked profits in contracts pushed up by lower output estimates for the current crop year, and as weak spot demand dampened sentiment, analysts said. At 2:35 pm (0905 GMT), the February contract on the Nat

Published 22 Jan, 2008 12:00am

President arrives in Paris

President Pervez Musharraf arrived here on Monday night on the second leg of his four-nation tour of the European countries, where he was given a warm welcome by the top officials of the French government.

Published 22 Jan, 2008 12:00am

EU palm-biofuel stand unlikely to hit prices

The European Union's tough stand on palm-biodiesel imports is unlikely to reduce prices and booming demand for the commodity, top analyst Dorab Mistry said on Monday. "It will simply mean that other oils will be used for biodiesel and palm will fill in th

Published 22 Jan, 2008 12:00am

Suicide bomber kills 17 at Iraq funeral

A suicide bomber blasted a hall crowded with mourners at a funeral ceremony for a relative of an Iraqi police colonel on Monday, killing 17 people in the latest in a spate of suicide attacks.

Published 22 Jan, 2008 12:00am

Ivorian cocoa industry workers suspend strike

Workers at industry bodies managing Ivory Coast's cocoa sector have suspended strikes over wages and management issues, a senior union official told Reuters on Monday. They had resumed the strike for just one day on Friday, but a minimum service for regis

Published 22 Jan, 2008 12:00am

World economic situation ''serious'': IMF

International Monetary Fund head Dominique Strauss-Kahn warned on Monday that the global economic situation in the wake of a US slowdown was "serious" and could impact the world''s emerging economies.

Published 22 Jan, 2008 12:00am

Asian physical rubber prices

Asian physical rubber prices were quoted higher on Monday as strong demand offset slight falls of futures contract prices on the Tokyo Commodity Exchange. Trading was likely to be busy this week with Chinese buyers in the market, buying ahead of weeklong

Published 22 Jan, 2008 12:00am

World economic situation 'serious': IMF

International Monetary Fund head Dominique Strauss-Kahn warned on Monday that the global economic situation in the wake of a US slowdown was "serious" and could impact the world's emerging economies.

Published 22 Jan, 2008 12:00am

Tokyo rubber hits one-month low

Tokyo rubber futures fell to a new one-month low on Monday, amid growing concerns about demand after a US fiscal stimulus package late last week failed to ease fears of a recession.

Published 22 Jan, 2008 12:00am

World economic situation 'serious': IMF

International Monetary Fund head Dominique Strauss-Kahn warned on Monday that the global economic situation in the wake of a US slowdown was "serious" and could impact the world's emerging economies.

Published 22 Jan, 2008 12:00am

Malaysian palm oil lower

Malaysian crude palm oil futures fell 2.2 percent on Monday, hitting one-week lows as the US crude market dropped below $90 a barrel and cargo surveyors announced dismal export numbers. Palm oil prices, which reached a historic high of 3,420 ringgit last

Published 22 Jan, 2008 12:00am

Help us, don't criticise us, Musharraf urges EU

President Pervez Musharraf on Monday denied that his regime had anything to do with the assassination of former prime minister Benazir Bhutto and called on the EU to back his country, not criticise it.

Published 22 Jan, 2008 12:00am

NHK boss to resign over insider trading

The head of Japan's public broadcaster NHK announced his resignation on Monday to take responsibility for reporters' alleged involvement in insider trading.

Published 22 Jan, 2008 12:00am

Help us, don't criticise us, Musharraf urges EU

President Pervez Musharraf on Monday denied that his regime had anything to do with the assassination of former prime minister Benazir Bhutto and called on the EU to back his country, not criticise it.

Published 22 Jan, 2008 12:00am

Opec hike wouldn't help this winter: Iran

An Iranian oil official said any Opec decision in February to hike output would not impact the market this winter but would have an effect in spring, the Oil Ministry's official Web site reported on Monday. The Iranian oil minister, Gholamhossein Nozari,

Published 22 Jan, 2008 12:00am

World stock markets plunge

Stocks plummeted across the world on Monday amid fears of a global recession, with markets in Europe suffering their biggest one-day losses since the September 11th attacks on the United States.

Published 22 Jan, 2008 12:00am

US urges oil producers to pump more oil

US Energy Secretary Samuel W. Bodman ahead of an Opec meeting next month urged oil-producing states on Monday to pump more crude to ease pressure on prices. "There needs to be an increased supply in order to keep the markets of the world supplied with oil

Published 22 Jan, 2008 12:00am

World stock markets plunge

Stocks plummeted across the world on Monday amid fears of a global recession, with markets in Europe suffering their biggest one-day losses since the September 11th attacks on the United States.

Published 22 Jan, 2008 12:00am

Gulf states stress temporary status of Asian workers

Gulf Arab states dependent on foreign labour for their development but wary of its impact on the demography stressed the temporary nature of their status at a meeting with Asian countries on Monday.

Published 22 Jan, 2008 12:00am

World stock markets plunge

Stocks plummeted across the world on Monday amid fears of a global recession, with markets in Europe suffering their biggest one-day losses since the September 11th attacks on the United States.

Published 22 Jan, 2008 12:00am

Taiwan plans moves to boost China economic ties

Taiwan is fast-tracking two stalled initiatives to boost economic ties with China, as the ruling party seeks to revive its chances of winning presidential elections in March, local media reported on Monday.

Published 22 Jan, 2008 12:00am

Abu Dhabi to invest $15 billion in green energy

Gulf Arab oil exporter Abu Dhabi plans to spend $15 billion in the first phase of an initiative to develop green energy and build the world's largest hydrogen power plant, it said on Monday.

Published 22 Jan, 2008 12:00am

Renault-Nissan to sell electric cars in Israel

French automaker Renault-Nissan signed a preliminary agreement Monday to supply electrically powered vehicles to the Israeli market starting in 2011, the parties to the deal said Monday. The accord was signed in Jerusalem by Renault-Nissan and the Israeli

Published 22 Jan, 2008 12:00am

Iraqi inflation falls to lowest in over 17 years

Annual inflation in Iraq has fallen dramatically, hitting 12 percent in December 2007, compared with 65 percent a year earlier, the central bank said in a statement seen on Monday. "This positive and encouraging trend in the annual inflation levels has no

Published 22 Jan, 2008 12:00am

Foreign firms pour record $82.7 billion into China

Foreign firms invested a record 82.7 billion dollars in booming China last year, the government said Monday, with analysts adding the tide of money had undermined efforts to slow economic growth. The 2007 figure for foreign direct investment, or FDI, was

Published 22 Jan, 2008 12:00am

China warns banks of domestic, global risks

China's commercial banks will face bigger credit risks this year as they confront a range of economic uncertainties, from tightening at home to the global impact of US subprime woes, a banking regulator said on Monday.

Published 22 Jan, 2008 12:00am

UK backs Northern Rock bonds, seeks rescue bids by February 4

Britain set a two-week deadline for a private-sector rescue of Northern Rock that would allow the stricken bank's 25 billion pound emergency funding to be converted to government-guaranteed bonds to help smooth a deal.

Published 22 Jan, 2008 12:00am

UK backs Northern Rock bonds, seeks rescue bids by February 4

Britain set a two-week deadline for a private-sector rescue of Northern Rock that would allow the stricken bank's 25 billion pound emergency funding to be converted to government-guaranteed bonds to help smooth a deal.

Published 22 Jan, 2008 12:00am

EU and US still hoping for 2008 global trade deal

The European Union and the United States said on Monday they still hoped to seal a long-delayed global trade deal in 2008, and trade ministers this week could help pave the way for a breakthrough soon. "We are rapidly moving towards a moment of truth for

Published 22 Jan, 2008 12:00am

Fujitsu to hive off chip operations

Japanese electronics maker Fujitsu Ltd plans to make its struggling semiconductor operations a separate entity in a move that could smooth the way for alliances with other chip makers. A wave of consolidation is overtaking Japan's chip makers, with even h

Published 22 Jan, 2008 12:00am

Investment gloom as South Africa enters the 'dark ages'

South Africa was set Monday to ration electricity in a bid to stem a spiralling crisis which has dealt a severe blow to its status as the continent's economic powerhouse.

Published 22 Jan, 2008 12:00am

Australia producer prices tempered by food, imports

Australia's producer prices rose by less than forecast last quarter as falls in the price of food and imported electronics helped temper rising fuel and construction costs, taking some steam out of inflation fears.

Published 22 Jan, 2008 12:00am

Middle East move toward nuclear power accelerates

Oil near $100 and rapid economic growth are giving growing momentum to Middle East plans to develop nuclear energy to help meet escalating power demand.

Published 22 Jan, 2008 12:00am

Malaysia says no extra fiscal stimulus for economy

Malaysia has no plans for now to roll out any extra fiscal stimulus for its economy, with growth on track to meet the official 6-6.5 percent target this year, a government minister said on Monday.

Published 22 Jan, 2008 12:00am

Dubai World in $800 million Senegal economic zone deal

Dubai World Group's Jafza subsidiary signed an $800 million deal on Monday to build and run a special economic zone in Senegal, the latest in a series of Arab investments in the West African country.

Published 22 Jan, 2008 12:00am

Owners prop up Germany's WestLB after subprime hit

Owners of Germany's WestLB AG rallied to prop up the stricken state lender on Monday, by shouldering what the bank said would be a 1 billion euro ($1.5 billion) loss in 2007 and writedowns just as big. WestLB said its owners - local community savings bank

Published 22 Jan, 2008 12:00am

JC Flowers says mulling Friends Provident bid

US private equity firm JC Flowers said on Monday it was considering making an offer for Britain's Friends Provident, boosting the shares of the stricken insurer.

Published 22 Jan, 2008 12:00am

General Electric mulls offer for Spain's troubled Colonial

US conglomerate General Electric said Monday it was mulling an offer for Spain's second-largest property firm, Colonial, whose share price has slumped recently due to concerns over its financial health.

Published 22 Jan, 2008 12:00am

Satyam posts 28.6 percent profit jump

Satyam Computer Services, India's fourth-largest software maker, said Monday third quarter net profit rose 28.6 percent, and announced the purchase of a US-based consulting firm.

Published 22 Jan, 2008 12:00am

Satyam posts 28.6 percent profit jump

Satyam Computer Services, India's fourth-largest software maker, said Monday third quarter net profit rose 28.6 percent, and announced the purchase of a US-based consulting firm.

Published 22 Jan, 2008 12:00am

South Korean bonds soar

South Korean government bond prices extended gains on Monday, as Seoul shares fell sharply on rising worries of a possible US recession while foreign investors continued their net purchases of treasury bond futures.

Published 22 Jan, 2008 12:00am

South Korean bonds soar

South Korean government bond prices extended gains on Monday, as Seoul shares fell sharply on rising worries of a possible US recession while foreign investors continued their net purchases of treasury bond futures.

Published 22 Jan, 2008 12:00am

Taiwan stocks end down

Taiwan stocks closed down 0.91 percent on Monday, but construction shares surged after media reported the government could soon announce a plan to relax restrictions on Chinese investment in Taiwan real estate.

Published 22 Jan, 2008 12:00am

Philippines shares fall

Philippines share prices closed down 0.5 percent on Monday amid jitters in Asia after a US economic stimulus package to combat a feared recession failed to rally Wall Street, dealers said. The composite index ended down 16 points at 3,152.30, its lowest c

Published 22 Jan, 2008 12:00am

Hong Kong shares in worst day since 2001

Hong Kong blue chips skidded 5.5 percent on Monday in their worst day since September 2001 as a US economic stimulus package failed to calm investor fears about a possible recession in the world's biggest economy.

Published 22 Jan, 2008 12:00am

Jakarta shares slump by 4.8 percent

Indonesian share prices closed 4.8 percent lower on Monday with trading affected by fears of a possible recession in the United States, dealers said. The Jakarta composite index dropped 125.25 points to 2,485.88, the second biggest one-day fall of the yea

Published 22 Jan, 2008 12:00am

China stocks finish 5.14 percent lower

China's main stock index plunged 5.14 percent on Monday, its biggest drop since early July last year, in response to another tumble by Hong Kong share prices and companies' announcements of heavy cash calls. The Shanghai Composite Index ended at a one-mon

Published 22 Jan, 2008 12:00am

New Zealand shares sag

New Zealand share prices closed 0.48 percent lower on Monday after another fall in US stocks at the end of last week spooked investors, dealers said. The benchmark NZX-50 index fell 17.45 points to 3,646.91 on turnover worth 85.19 million dollars (64.7 mi

Published 22 Jan, 2008 12:00am

Singapore shares drop

Singapore share prices closed 6.03 percent lower on Monday after sharp falls on regional markets as investors continued to fear the worst for the US economy, dealers said. The blue chip Straits Times Index (STI) fell 187.10 points to 2,917.15, falling bel

Published 22 Jan, 2008 12:00am

Thai share prices decline

Thai share prices closed 2.93 percent lower on Monday amid investor uncertainty over US President George W. Bush's package aimed at reviving the world's largest economy, dealers said. They said the Thai market echoed similar negative sentiment around the

Published 22 Jan, 2008 12:00am

Australian shares dip

Australian share prices closed down 2.9 percent on Monday on concerns over domestic inflationary pressure and the state of the ailing US economy, dealers said. The benchmark S&P/ASX 200 closed down 166.9 points at 5,580.4. The index has fallen 18.5 percen

Published 22 Jan, 2008 12:00am

Malaysian shares slip

Malaysian shares prices closed down 2.2 percent on Monday in line with the region on concerns over the US economy despite the announcement of a 145-billion dollar stimulus package, dealers said.

Published 22 Jan, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Oct 4	277.65
USD PKR Interbank Buying / Oct 4	277.45
USD to Japanese Yen / Oct 5	148.70
USD to Swiss Franc / Oct 5	0.86
Pound Sterling to USD / Oct 5	1.31
Euro to USD / Oct 5	1.10

Stock	Volume
S&P 500 / Oct 5	5,751.07
India Sensex / Oct 5	81,688.45
Tokyo Nikkei / Oct 5	38,635.62
Nasdaq / Oct 5	18,137.85
Hang Seng / Oct 5	22,736.87
FTSE 100 / Oct 5	8,280.63
Dow Jones / Oct 5	42,352.75
Germany DAX 30 / Oct 5	19,120.93

Item	Value
Petrol/Litre / Oct 5	247.03
Crude Oil USD/Barrel / Oct 5	74.38
Karachi Cotton PKR/37.32 KG / Oct 5	18,285
Gold 10 Grams PKR / Oct 5	237,401.20
Gold Spot USD/Ounce / Oct 5	2,653.60
Diesel/Litre / Oct 5	246.29

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

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

Stock	Volume
P.I.A.C.(A) / Oct 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Most Popular