News Archives for Print - 2008-01-31

US treasuries bid yields

US treasuries bid yields on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

BSF to help develop Balochistan marble, stone industry: MoU with LIEDA signed

SME Business Support Fund (BSF) and Lasbella Industrial Estate Development Authority (LIEDA) on Wednesday signed a memorandum of understanding (MoU) under which the former would help identify small and medium enterprises in the Balochistan province.

Published 31 Jan, 2008 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

BSF to help develop Balochistan marble, stone industry: MoU with LIEDA signed

SME Business Support Fund (BSF) and Lasbella Industrial Estate Development Authority (LIEDA) on Wednesday signed a memorandum of understanding (MoU) under which the former would help identify small and medium enterprises in the Balochistan province.

Published 31 Jan, 2008 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

Blast kills three suspected militants

Three suspected militants were killed on early Wednesday in an explosion while they were likely making bombs here, police said. The blast occurred in a house where the three men were probably handling explosives, senior police official Muhammad Tahir Khan

Published 31 Jan, 2008 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

Chashma power station starts functioning today

Work on the restoration of Chashma hydropower station is nearing completion, and the station will start generating electricity by Thursday evening. The lower floor of the Chashma hydropower station got flooded due to some technical problem in Unit No 3, w

Published 31 Jan, 2008 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

Chashma power station starts functioning today

Work on the restoration of Chashma hydropower station is nearing completion, and the station will start generating electricity by Thursday evening. The lower floor of the Chashma hydropower station got flooded due to some technical problem in Unit No 3, w

Published 31 Jan, 2008 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

Chashma power station starts functioning today

Work on the restoration of Chashma hydropower station is nearing completion, and the station will start generating electricity by Thursday evening. The lower floor of the Chashma hydropower station got flooded due to some technical problem in Unit No 3, w

Published 31 Jan, 2008 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

LCCI seeks land for goods transporters along highways

The president of Lahore Chamber of Commerce and Industry (LCCI), Mohammad Ali Mian, has urged the government to allocate a piece of land to the goods transporters along side the highways outside of each district, as this would help expedite transportation

Published 31 Jan, 2008 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

LCCI seeks land for goods transporters along highways

The president of Lahore Chamber of Commerce and Industry (LCCI), Mohammad Ali Mian, has urged the government to allocate a piece of land to the goods transporters along side the highways outside of each district, as this would help expedite transportation

Published 31 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 Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

LCCI seeks land for goods transporters along highways

The president of Lahore Chamber of Commerce and Industry (LCCI), Mohammad Ali Mian, has urged the government to allocate a piece of land to the goods transporters along side the highways outside of each district, as this would help expedite transportation

Published 31 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 Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

US foresees 'some' fraud in February 18 polls: Boucher

The US State Department said on Tuesday it expected Pakistan's upcoming elections to be tainted and called on all groups, including international monitors, to keep a tight scrutiny of the landmark event.

Published 31 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 Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

Sales tax refunds: Karachi LTU criticises Starr working

The Large Taxpayer Unit, Karachi has expressed serious concern over the slow processing of sales tax refund claims filed by leading corporate entities due to verification by outdated version of Sales Tax Automated Refund Repository (Starr) computer system

Published 31 Jan, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

Sales tax refunds: Karachi LTU criticises Starr working

The Large Taxpayer Unit, Karachi has expressed serious concern over the slow processing of sales tax refund claims filed by leading corporate entities due to verification by outdated version of Sales Tax Automated Refund Repository (Starr) computer system

Published 31 Jan, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

Sales tax refunds: Karachi LTU criticises Starr working

The Large Taxpayer Unit, Karachi has expressed serious concern over the slow processing of sales tax refund claims filed by leading corporate entities due to verification by outdated version of Sales Tax Automated Refund Repository (Starr) computer system

Published 31 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 Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

ISE loses 8.04 points

Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE) on Wednesday where major players and small investors remained on the sidelines to avoid losses amid decrease in index. ISE-10 Index was minus by 8.04 points from 2,908.36 to 2,

Published 31 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 Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

ISE loses 8.04 points

Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE) on Wednesday where major players and small investors remained on the sidelines to avoid losses amid decrease in index. ISE-10 Index was minus by 8.04 points from 2,908.36 to 2,

Published 31 Jan, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

BRIndex30 gains 11.6 points

On Wednesday, BRIndex30 opened in the green zone at 15,245.78 and remained there for whole of the trading time. It closed at 15,217.79 with a net positive change of 11.6 points and percentage change of 0.08.

Published 31 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 31 Jan, 2008 12:00am

BRIndex30 gains 11.6 points

On Wednesday, BRIndex30 opened in the green zone at 15,245.78 and remained there for whole of the trading time. It closed at 15,217.79 with a net positive change of 11.6 points and percentage change of 0.08.

Published 31 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 31 Jan, 2008 12:00am

KSE-100 index down 18.89 points

The Karachi share market on Wednesday opened on a positive note and the KSE-100 index hit 14,088.24 points intra-day high on the back of fresh buying, mainly in banking, fertiliser and E&P stocks.

Published 31 Jan, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (January 30, 2008).

Published 31 Jan, 2008 12:00am

KSE-100 index down 18.89 points

The Karachi share market on Wednesday opened on a positive note and the KSE-100 index hit 14,088.24 points intra-day high on the back of fresh buying, mainly in banking, fertiliser and E&P stocks.

Published 31 Jan, 2008 12:00am

New York cotton

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

Published 31 Jan, 2008 12:00am

KSE-100 index down 18.89 points

The Karachi share market on Wednesday opened on a positive note and the KSE-100 index hit 14,088.24 points intra-day high on the back of fresh buying, mainly in banking, fertiliser and E&P stocks.

Published 31 Jan, 2008 12:00am

New York cotton

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

Published 31 Jan, 2008 12:00am

Six steel products'' prices raised again: third increase in one month

Pakistan Steel Mills on Wednesday announced another raise - third in a row in a month - in the price of some six steel products by upto Rs 2,500 per tonne. Pakistan Steel has raised the prices of billets, cold rolled, hot rolled, copal plate, slab and gal

Published 31 Jan, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 142,932 tonnes cargo including 98,317 tonnes import, 44,615 tonnes export cargo and 3,020 containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday.

Published 31 Jan, 2008 12:00am

Six steel products' prices raised again: third increase in one month

Pakistan Steel Mills on Wednesday announced another raise - third in a row in a month - in the price of some six steel products by upto Rs 2,500 per tonne. Pakistan Steel has raised the prices of billets, cold rolled, hot rolled, copal plate, slab and gal

Published 31 Jan, 2008 12:00am

FOB Gulf soyabean export premiums hold steady

US FOB Gulf soyabean export premiums held steady on Tuesday supported by continued sales to China, while corn basis offers were unchanged amid routine export demand, traders said. "There continues to be good export business," said a soyabean trader. "Chin

Published 31 Jan, 2008 12:00am

Six steel products' prices raised again: third increase in one month

Pakistan Steel Mills on Wednesday announced another raise - third in a row in a month - in the price of some six steel products by upto Rs 2,500 per tonne. Pakistan Steel has raised the prices of billets, cold rolled, hot rolled, copal plate, slab and gal

Published 31 Jan, 2008 12:00am

Zimbabwe's gold output falls

Zimbabwe's gold output fell by more than a third in 2007 as mines suffered from galloping inflation and power cuts, data from the country's chamber of mines showed on Wednesday. The Chamber of Mines said gold output had declined from 11,000 kg in 2006 to

Published 31 Jan, 2008 12:00am

FFC works out system of lifting wheat quota by mills

The Federal Food Committee (FFC) has decided to adopt a mechanism to ensure lifting of wheat quota by flour mills in a proper way, and those mills which violate the policy must be taken to task while all the four provinces have been asked to take strict a

Published 31 Jan, 2008 12:00am

US Midwest corn and soya bids rise

Spot basis bids for soyabeans and corn firmed at processors and elevators around the US Midwest on Tuesday amid slow selling by farmers, grain dealers said. Cash bids for soyabeans were particularly strong in Iowa, rising by as much as 10 cents per bushel

Published 31 Jan, 2008 12:00am

FFC works out system of lifting wheat quota by mills

The Federal Food Committee (FFC) has decided to adopt a mechanism to ensure lifting of wheat quota by flour mills in a proper way, and those mills which violate the policy must be taken to task while all the four provinces have been asked to take strict a

Published 31 Jan, 2008 12:00am

South African maize deliveries edge higher

South African farmers delivered 15,000 tonnes of maize to silos last week, raising total deliveries so far to 6.077 million from 6.062 million, data showed on Wednesday. The deliveries included 10,000 tonnes of white maize and 5,000 tonnes of yellow, the

Published 31 Jan, 2008 12:00am

FFC works out system of lifting wheat quota by mills

The Federal Food Committee (FFC) has decided to adopt a mechanism to ensure lifting of wheat quota by flour mills in a proper way, and those mills which violate the policy must be taken to task while all the four provinces have been asked to take strict a

Published 31 Jan, 2008 12:00am

Drought to hit Brazil's top cane producing area

Dry weather in Sao Paulo state during most of the second half of 2007 should cut yields of cane to be harvested in April and May in Brazil's largest producing area, Ribeirao Preto, a research institute said on Wednesday.

Published 31 Jan, 2008 12:00am

Gas crisis: textile exports suffering Rs 850 million loss per day

Textile exports from Faisalabad region are dwindling by Rs 850 million per day as the textile crisis is worsening and thousands of workers are protesting against job loss in front of mills in the industrial belt here.

Published 31 Jan, 2008 12:00am

US wheat futures down

US wheat futures closed mostly lower on Tuesday with the bellwether Chicago market pulling back from a six-week high, but Minneapolis spring wheat futures soared to a new top above $13 per bushel.

Published 31 Jan, 2008 12:00am

Gas crisis: textile exports suffering Rs 850 million loss per day

Textile exports from Faisalabad region are dwindling by Rs 850 million per day as the textile crisis is worsening and thousands of workers are protesting against job loss in front of mills in the industrial belt here.

Published 31 Jan, 2008 12:00am

Oil cake market rates

Little business was seen on the forward cottonseed oilcake market on Wednesday as a few traders made some purchasing, dealers said. The January vaida opened with rupee one loss at Rs 692.00. Later, it picked up the same amount at Rs 693.00. During the day

Published 31 Jan, 2008 12:00am

Gas crisis: textile exports suffering Rs 850 million loss per day

Textile exports from Faisalabad region are dwindling by Rs 850 million per day as the textile crisis is worsening and thousands of workers are protesting against job loss in front of mills in the industrial belt here.

Published 31 Jan, 2008 12:00am

Improved business seen on cotton market

Improved business was seen on the cotton market on Wednesday buyers were active to cover the forward needs, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3200, they said. In the ready trade, most of the business

Published 31 Jan, 2008 12:00am

Clarification

Apropos a news item carried by Business Recorder on Wednesday, the Trading Corporation of Pakistan has clarified: "The news article is not based on facts as such it is clarified that necessary laboratory tests are conducted from time to time.

Published 31 Jan, 2008 12:00am

Kirana items mixed on Jodia Bazaar

The trading on Kirana items showed mixed trend on Jodia Bazaar here on Wednesday. The following changes were noted.

Published 31 Jan, 2008 12:00am

Clarification

Apropos a news item carried by Business Recorder on Wednesday, the Trading Corporation of Pakistan has clarified: "The news article is not based on facts as such it is clarified that necessary laboratory tests are conducted from time to time.

Published 31 Jan, 2008 12:00am

Prices move both ways on grain market

Prices moved both ways on the grain market on Wednesday in process of slow trading, dealers said. On the cereal side, urad from Burma gained Rs 50 to Rs 1450-1650. Wheat old and new both types picked up the same amount at Rs 1550-1565.

Published 31 Jan, 2008 12:00am

Clarification

Apropos a news item carried by Business Recorder on Wednesday, the Trading Corporation of Pakistan has clarified: "The news article is not based on facts as such it is clarified that necessary laboratory tests are conducted from time to time.

Published 31 Jan, 2008 12:00am

New York arabica coffee modestly lower

Arabica coffee futures finished quietly lower on Tuesday as players continued to seek direction and speculators played both sides of the market, traders said.

Published 31 Jan, 2008 12:00am

Agriculture revolution - VI

LIVESTOCK, AQUA-CULTURE, FISHERIES, AND OTHER PURSUITS: Farming communities world over have some side interests besides cultivation, to supplement their incomes and/or provide some lucrative activity to fill in their own or their family''s time in

Published 31 Jan, 2008 12:00am

FDA should be clearer on plan for food safety: GAO

The US Food and Drug Administration's failure to discuss clearly its strategy and the money needed to better protect the country's food supply could make it harder for a plan to succeed, a congressional watchdog agency told lawmakers on Tuesday.

Published 31 Jan, 2008 12:00am

Agriculture revolution - VI

LIVESTOCK, AQUA-CULTURE, FISHERIES, AND OTHER PURSUITS: Farming communities world over have some side interests besides cultivation, to supplement their incomes and/or provide some lucrative activity to fill in their own or their family's time in b

Published 31 Jan, 2008 12:00am

New York cocoa settles higher

US cocoa futures closed firmer on Tuesday, unable to break through resistance and marking a double top as origin selling capped gains spawned by fund buying, dealers said. The second-month contract, which has significantly less open interest than the most

Published 31 Jan, 2008 12:00am

Agriculture revolution - VI

LIVESTOCK, AQUA-CULTURE, FISHERIES, AND OTHER PURSUITS: Farming communities world over have some side interests besides cultivation, to supplement their incomes and/or provide some lucrative activity to fill in their own or their family's time in b

Published 31 Jan, 2008 12:00am

US copper hits two-week peak

The price of copper rose to a two-week high above $3.30 a lb in New York futures trade on Tuesday after surprisingly strong December durable goods orders restored some investor confidence in the world's largest economy, dealers said.

Published 31 Jan, 2008 12:00am

'Excess input tax' refund claims date extended

The Federal Board of Revenue (FBR) has allowed the taxpayers to submit missing documents for processing their pending refund claims pertaining to 'excess input tax' up to February 29, 2008.

Published 31 Jan, 2008 12:00am

US platinum and gold lower

New York gold and platinum futures finished lower on Tuesday after they climbed to record highs in the overnight sessions, as investors locked in profits ahead of the US Federal Reserve's rate-setting decision.

Published 31 Jan, 2008 12:00am

Cotton output down by 400,000 bales in one district

The switching over of farmers from cotton to sugarcane growing in prime cotton belt will hit hard the economic growth as only in one southern Punjab district, cotton output dwindled by 400,000 bales, causing around rupees six billion losses.

Published 31 Jan, 2008 12:00am

Gold and platinum off record highs

Gold and platinum slipped on Wednesday as investors booked profits ahead of an interest rate decision by the US Federal Reserve, which may determine the direction of the precious metals market.

Published 31 Jan, 2008 12:00am

Cotton output down by 400,000 bales in one district

The switching over of farmers from cotton to sugarcane growing in prime cotton belt will hit hard the economic growth as only in one southern Punjab district, cotton output dwindled by 400,000 bales, causing around rupees six billion losses.

Published 31 Jan, 2008 12:00am

Indian sugar falls

Indian sugar futures fell on Wednesday as bulk buyers in the physical market waited on the sidelines looking for a correction before taking fresh positions. Spot prices have risen 6.10 percent in January after the government lowered its outlook for sugar

Published 31 Jan, 2008 12:00am

Cotton output down by 400,000 bales in one district

The switching over of farmers from cotton to sugarcane growing in prime cotton belt will hit hard the economic growth as only in one southern Punjab district, cotton output dwindled by 400,000 bales, causing around rupees six billion losses.

Published 31 Jan, 2008 12:00am

Oil tops $92, eyes on Fed

Oil climbed to a two-week high above $92 a barrel on Wednesday, as investors anticipate that a second US interest rate cut this week will overshadow news of a build in US crude stockpiles. Expectation Opec will leave production levels unchanged when it me

Published 31 Jan, 2008 12:00am

''Pakistan could export 300,000 tonnes of sugar in next nine months''

Pakistan, which has been importing sugar in recent years, has struck its first export sale in five years and could ship as much as 300,000 tonnes in the next nine months, a senior industry official said on Wednesday.

Published 31 Jan, 2008 12:00am

Shanghai copper rises

Shanghai copper rose 0.6 percent on Wednesday, while aluminium and zinc jumped, fuelled by gains in London base metals and supply concerns due to stoppages at Chinese smelters.

Published 31 Jan, 2008 12:00am

'Pakistan could export 300,000 tonnes of sugar in next nine months'

Pakistan, which has been importing sugar in recent years, has struck its first export sale in five years and could ship as much as 300,000 tonnes in the next nine months, a senior industry official said on Wednesday.

Published 31 Jan, 2008 12:00am

New York sugar stalls at highs to finish easier

Raw sugar futures sputtered to a lower close on Tuesday after rally stalled and the market was knocked down by late speculative fund sales, brokers said. The March electronic sugar contract sagged 0.08 cent to trade at 12.16 cents per lb at 1:28 pm EST (1

Published 31 Jan, 2008 12:00am

'Pakistan could export 300,000 tonnes of sugar in next nine months'

Pakistan, which has been importing sugar in recent years, has struck its first export sale in five years and could ship as much as 300,000 tonnes in the next nine months, a senior industry official said on Wednesday.

Published 31 Jan, 2008 12:00am

US soya futures end mixed; nearbys up on MGE wheat

US soyabean futures on the Chicago Board of Trade closed mixed on Tuesday, with the old-crop months higher following the roaring Minneapolis wheat market, traders said. Everyone is just watching Minneapolis. When it breaks a little, all the markets dip.

Published 31 Jan, 2008 12:00am

Nepra''s tariff on Thar coal power: Sindh may seek ECC intervention

The Sindh government has indicated that it would seek justice on controversial tariff determined by National Electric Power Regulatory Authority (Nepra) from the Economic Coordination Committee (ECC) of the cabinet, headed by the caretaker Prime Minister

Published 31 Jan, 2008 12:00am

Australian wheat exports strong to Asia: AWB

AWB Ltd, selling its last Australian wheat crop as monopoly exporter, has seen strong demand from Asia and the Middle East for grain from a small drought-depleted crop, the company said. "We've got strong commitment from Japan, South Korea, Indonesia, Sud

Published 31 Jan, 2008 12:00am

Nepra's tariff on Thar coal power: Sindh may seek ECC intervention

The Sindh government has indicated that it would seek justice on controversial tariff determined by National Electric Power Regulatory Authority (Nepra) from the Economic Coordination Committee (ECC) of the cabinet, headed by the caretaker Prime Minister

Published 31 Jan, 2008 12:00am

US rice futures firm

US rough rice futures on the Chicago Board of Trade closed higher on Tuesday, notching an all-time high on spillover strength from the soaring Minneapolis wheat market, traders said. CBOT March rice ended 1-1/2 cent up at $14.59 per hundredweight.

Published 31 Jan, 2008 12:00am

Nepra's tariff on Thar coal power: Sindh may seek ECC intervention

The Sindh government has indicated that it would seek justice on controversial tariff determined by National Electric Power Regulatory Authority (Nepra) from the Economic Coordination Committee (ECC) of the cabinet, headed by the caretaker Prime Minister

Published 31 Jan, 2008 12:00am

Malaysian tin climbs

Malaysian tin rose 1.8 percent on Wednesday following sharp increase in prices on the London Metal Exchange and strong overseas buying, one dealer said.

Published 31 Jan, 2008 12:00am

13 missing soldiers' bodies found

Bodies of 13 Pakistani paramilitary soldiers kidnapped by militants last week have been found in an abandoned vehicle, officials and police in north-west Pakistan said on Wednesday. The bodies were recovered in Darra Adam Kheil near Peshawar, where fighti

Published 31 Jan, 2008 12:00am

Indonesian palm oil prices rise

Indonesian palm oil prices rose on Wednesday, lifted by gains in Malaysia. In Jakarta, the state marketing centre sold crude palm oil at 9,210 rupiah ($0.991) a kilogram, from 9,136 rupiah a kilo on Monday.

Published 31 Jan, 2008 12:00am

13 missing soldiers' bodies found

Bodies of 13 Pakistani paramilitary soldiers kidnapped by militants last week have been found in an abandoned vehicle, officials and police in north-west Pakistan said on Wednesday. The bodies were recovered in Darra Adam Kheil near Peshawar, where fighti

Published 31 Jan, 2008 12:00am

Malaysian palm oil up

Malaysian crude palm oil futures ended 0.8 percent higher on Wednesday, underpinned by gains in crude oil markets but fresh fears of slowing demand and a surge in palm oil reserves kept a lid on prices.

Published 31 Jan, 2008 12:00am

Former banker Naseem left trail of trades-prosecutor

A former Credit Suisse Group investment banker accused of insider trading left his electronic fingerprints all over the $7.5 million scheme, a federal prosecutor told jurors in closing arguments on Wednesday.

Published 31 Jan, 2008 12:00am

Japan firms recall China foods

Japanese food companies recalled foods sourced from a factory in China on Wednesday after dumplings contaminated with pesticide sickened 10 people in the latest safety scare involving Chinese products.

Published 31 Jan, 2008 12:00am

Capped oil prices may cost exchequer $11 billion by June 30: policy-makers brief president

The policy-makers on Wednesday informed President Pervez Musharraf that inflating oil bill was making for the government difficult to manage budgetary pressure and continuity of the current policy of capping the prices may cost the national exchequer 11 b

Published 31 Jan, 2008 12:00am

Vietnam approves largest steel mill project

Vietnam has given the green light for South Korea's POSCO Group to build the country's largest steel mill, a project valued at 3.5 billion dollars in its initial stage, state media reported Wednesday.

Published 31 Jan, 2008 12:00am

Capped oil prices may cost exchequer $11 billion by June 30: policy-makers brief president

The policy-makers on Wednesday informed President Pervez Musharraf that inflating oil bill was making for the government difficult to manage budgetary pressure and continuity of the current policy of capping the prices may cost the national exchequer 11 b

Published 31 Jan, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 11	278.22
USD PKR Interbank Buying / Dec 11	278.12
USD to Japanese Yen / Dec 11	152.29
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.28
Euro to USD / Dec 11	1.05

Stock	Volume
S&P 500 / Dec 11	6,084.19
India Sensex / Dec 11	81,526.14
Tokyo Nikkei / Dec 11	39,881.80
Nasdaq / Dec 11	20,034.89
Hang Seng / Dec 11	20,493.16
FTSE 100 / Dec 11	8,301.62
Dow Jones / Dec 11	44,148.56
Germany DAX 30 / Dec 11	20,399.16

Item	Value
Crude Oil USD/Barrel / Dec 11	70.28
Gold 10 Grams PKR / Dec 11	240,484
Gold Spot USD/Ounce / Dec 11	2,710.42
Cotton US¢/pound / Dec 11	70.32
Petrol/Litre / Dec 12	252.10
Karachi Cotton PKR/37.32 KG / Dec 12	17,585

Stock	Price
Pak Int.Bulk / Dec 12 Pakistan International Bulk Terminal(PIBTL)	9.07 ▲ 1.00 (12.39%)
Burj Clean Energy Modaraba / Dec 12 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.50 ▲ 0.90 (10.47%)
Data Agro / Dec 12 Data Agro Limited(DAAG)	95.10 ▲ 8.65 (10.01%)
Gharibwal Cement / Dec 12 Gharibwal Cement Limited(GWLC)	50.78 ▲ 4.62 (10.01%)
Quetta Textile / Dec 12 Quetta Textile Mills Limited(QUET)	19.79 ▲ 1.80 (10.01%)
AL-Abbas Sugar / Dec 12 Al-Abbas Sugar Mills Limited(AABS)	790.97 ▲ 71.91 (10.00%)
Arpak Int. / Dec 12 Arpak International Investments Ltd.(ARPAK)	69.38 ▲ 6.31 (10.00%)
BF Biosciences / Dec 12 BF Biosciences Limited(BFBIO)	207 ▲ 18.82 (10.00%)
Biafo Ind. / Dec 12 Biafo Industries Limited(BIFO)	173.12 ▲ 15.74 (10.00%)

Stock	Price
Al-Khair Gadoon / Dec 12 Al-Khair Gadoon Limited(AKGL)	39.78 ▼ -4.42 (-10.00%)
Blue-Ex Ltd / Dec 12 Blue-Ex Limited (GEM)(GEMBLUEX)	30.11 ▼ -3.34 (-9.99%)
Kohinoor Mills / Dec 12 Kohinoor Mills Limited(KML)	32.69 ▼ -3.51 (-9.70%)
Sanghar Sugar / Dec 12 Sanghar Sugar Mills Limited(SANSM)	31.01 ▼ -2.95 (-8.69%)
Supernet Ltd. / Dec 12 Supernet Limited (GEM)(GEMSPNL)	14.26 ▼ -1.29 (-8.30%)
Macter Int. Ltd / Dec 12 Macter International Limited(MACTER)	418.90 ▼ -35.95 (-7.90%)
Idrees Tex. / Dec 12 Idrees Textile Mills Limited(IDRT)	13 ▼ -1.00 (-7.14%)
Zahid Jee Textile / Dec 12 Zahidjee Textile Mills Limited(ZAHID)	27.90 ▼ -2.01 (-6.72%)
Nimir Resins / Dec 12 Nimir Resins Limited(NRSL)	25 ▼ -1.67 (-6.26%)

Stock	Volume
K-Electric Ltd. / Dec 12 K-Electric Limited(KEL)	135,915,842 ▼ -0.07
WorldCall Telecom / Dec 12 Worldcall Telecom Limited(WTL)	100,506,839 ▲ 0.12
Pak Int.Bulk / Dec 12 Pakistan International Bulk Terminal(PIBTL)	69,945,650 ▲ 1.00
Cnergyico PK / Dec 12 Cnergyico PK Limited(CNERGY)	62,152,343 ▲ 0.24
Fauji Foods Ltd / Dec 12 Fauji Foods Limited(FFL)	57,124,498 ▲ 0.20
Lotte Chemical / Dec 12 Lotte Chemical Pakistan Limited(LOTCHEM)	54,841,208 ▲ 0.89
Sui South Gas / Dec 12 Sui Southern Gas Company Limited(SSGC)	38,560,585 ▲ 2.17
Symmetry Group / Dec 12 Symmetry Group Limited(SYM)	28,546,803 ▲ 1.41
Treet Corp / Dec 12 Treet Corporation Limited(TREET)	27,674,990 ▲ 1.42

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