News Archives for Print - 2008-02-10 - Business Recorder

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اردو

May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2008-02-10

Excessive government borrowing fuelling inflation: Shamshad addresses FPCCI members

Excessive government borrowing fuelling inflation: Shamshad addresses FPCCI members

Government budgetary borrowing from the State Bank has reached historic level of some Rs 334 billion during the current fiscal year and the government''s reliance on bank borrowing is fuelling inflation, said Shamshad Akhtar, Governor, State Bank of Pakis

Published 10 Feb, 2008 12:00am

Iran to privatise $90 billion of energy assets

Iran to privatise $90 billion of energy assets

Iran plans to privatise 47 firms in its energy sector worth $90 billion and set up a holding company for these assets which it will list on four international exchanges, a National Iranian Oil Company (NIOC) executive said.

Published 10 Feb, 2008 12:00am

G7 approves IMF gold sales

G7 approves IMF gold sales

The Group of Seven rich nations on Saturday approved the sale of gold by the International Monetary Fund from April as part of a broad reform of its budget, Italian Economy Minister Tommaso Padoa-Schioppa said.

Published 10 Feb, 2008 12:00am

Countries should consider fiscal boost: IMF

Countries should consider fiscal boost: IMF

The head of the IMF on Saturday renewed his call for countries to consider fiscal measures to boost demand in the face of slowing economic growth caused by the US subprime loan crisis.

Published 10 Feb, 2008 12:00am

Oman hikes state workers' wages, sets wheat subsidy

Oman hikes state workers' wages, sets wheat subsidy

Oman's ruler ordered on Saturday an increase of up to 43 percent in state workers' wages, and a wheat subsidy to curb the impact of rising inflation. Sultan Qaboos bin Said also ordered a government committee to "put in place a tight mechanism to curb inc

Published 10 Feb, 2008 12:00am

Saudi Arabia to invest $3 billion in Bangladesh energy sector

Saudi Arabia to invest $3 billion in Bangladesh energy sector

Bangladesh and Saudi Arabia on Saturday has signed a deal to invest $3 billion to set up an oil refinery with a capacity to produce 300,000 barrels of oil products a day.

Published 10 Feb, 2008 12:00am

Regulators deliver grim assessment on credit crisis

Regulators deliver grim assessment on credit crisis

Financial regulators and central bankers delivered a grim assessment of the credit market upheaval on Saturday, warning that worse may lie ahead as banks tighten lending and an economic slowdown spreads.

Published 10 Feb, 2008 12:00am

US soyabean futures rally

US soyabean futures rally

US soyabean futures on the Chicago Board of Trade rallied on Friday after USDA cut its 2007/08 US soyabean ending stocks forecast in its monthly report, traders said. "They dropped the bean ending stocks, a little below the trade range," said one CBOT tra

Published 10 Feb, 2008 12:00am

US 2008 cotton sowings at 9.5 million acres

US 2008 cotton sowings at 9.5 million acres

Top industry group National Cotton Council of America said Friday US 2008 cotton plantings will drop to a 25-year low at 9.5 million acres. The NCC released the results of its survey at its annual meeting in Memphis, Tennessee. Last year, the US planted 1

Published 10 Feb, 2008 12:00am

Platinum and wheat prices strike record peaks

Platinum and wheat prices strike record peaks

This week, precious metal platinum forged yet another record high on the back of flagging output from leading producer South Africa. Wheat also rocketed to an historic peak in Chicago, thanks to tumbling inventories and keen global demand, traders said.

Published 10 Feb, 2008 12:00am

Copper gains

Copper gains

Copper hovered around three-month peaks in holiday-thinned Asian trading on Friday, underpinned by signs supplies were getting tighter as London Metal Exchange inventories drop off.

Published 10 Feb, 2008 12:00am

Indian soyaoil at contract highs tracking CBOT

Indian soyaoil at contract highs tracking CBOT

Indian soyaoil futures climbed to contract highs on Friday, tracking gains in the US market and strong spot demand ahead of the US Department of Agriculture report on world oilseeds trade due later in the day.

Published 10 Feb, 2008 12:00am

India extends ban on exports of non-Basmati rice

India extends ban on exports of non-Basmati rice

India on Friday re-imposed a blanket ban on exports of non-Basmati rice, after easing restrictions in October to allow exporters to honour commitments. "Export of non-Basmati rice against letter of credit ... has been prohibited," a government statement s

Published 10 Feb, 2008 12:00am

US rice closes higher

US rice closes higher

US rough rice futures on the Chicago Board of Trade rallied to contract highs across the board on Friday after USDA cut its US 2007/08 rice ending stocks forecast, traders said. CBOT March rice closed 30 cents higher at $15.65 per cwt, with May up 30 at $

Published 10 Feb, 2008 12:00am

India in no rush to buy wheat

India in no rush to buy wheat

India will not need to import wheat in the next three months as the new crop harvest nears, but New Delhi will keep its options open, a senior government official said on Saturday. Food Secretary T. Nandakumar also added the government was talking to gove

Published 10 Feb, 2008 12:00am

Bearish sentiment on Australian wool market

Bearish sentiment on Australian wool market

Australian wool market finished 2.3 percent lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by A$c10 (-1.0 percent), ending the week at A$c997A/kg. This reflected decreases of A$c17 (-1.6 percent) in the North a

Published 10 Feb, 2008 12:00am

US platinum rises toward $1,900

US platinum rises toward $1,900

US platinum futures finished sharply higher after a rally toward $1,900 on Friday, boosted by a supply squeeze due to ongoing mining issues in top producer South Africa, while gold contracts also jumped on strong buying by commodity funds.

Published 10 Feb, 2008 12:00am

Tighter supplies push US copper higher

Tighter supplies push US copper higher

US copper futures charged to a new three-month high above $3.56 a lb in business on Friday as market bulls continued to feast on a rally fuelled by expectations of near-term supply tightness, brokers said.

Published 10 Feb, 2008 12:00am

New York cocoa climbs while coffee inches down

New York cocoa climbs while coffee inches down

US cocoa futures inched higher in trade on Friday, on continued March/May spreading, while arabica coffee futures crept lower in rangebound trade, dealers said.

Published 10 Feb, 2008 12:00am

US corn stocks ample as ethanol sector demand slows

US corn stocks ample as ethanol sector demand slows

Supplies of corn in the United States are at comfortable levels despite strong exports and aided by a levelling-off in demand from the ethanol sector, traders and analysts said after a government report on Friday.

Published 10 Feb, 2008 12:00am

Brazilian sugar vessels lineup dips

Brazilian sugar vessels lineup dips

The lineup of vessels waiting to load sugar in Brazilian ports this week decreased to 38 ships waiting from 39 last week, shipping agent Williams said Thursday. In a weekly report, Williams said nine vessels were lined up in the southern port of Santos, d

Published 10 Feb, 2008 12:00am

Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 91,882 tonnes cargo including 57,406 tonnes import, 34,476 tonnes export cargo and 4,951 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.

Published 10 Feb, 2008 12:00am

KCBT wheat futures end new highs

KCBT wheat futures end new highs

Hard red winter wheat futures on the Kansas City Board of Trade ended nearly 3 percent higher on Thursday, hitting new contract highs, including an all-time exchange high of $11.20-1/4 per bushel. The March ended up 30 cents, or 2.8 percent, at $11.10-1/4

Published 10 Feb, 2008 12:00am

Wheat sharply higher on grain market

Wheat sharply higher on grain market

Small fluctuations were seen on the grain market on Saturday as some traders indulged in fresh buying, dealers said. On the cereals side, wheat old and new both types gained Rs 100 in a single day rally at Rs 1550-1565, guwar Sindh low type was higher by

Published 10 Feb, 2008 12:00am

Milk powder mixed on Jodia Bazaar

Milk powder mixed on Jodia Bazaar

The trading on milk powder showed mixed trend on Jodia Bazaar here on Saturday. The following variations were noted.

Published 10 Feb, 2008 12:00am

Lacklustre conditions on cotton market

Lacklustre conditions on cotton market

Dullness prevailed on the cotton market on Saturday as both buyers and sellers seemed not ready to come at the meeting point, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3150, they said.

Published 10 Feb, 2008 12:00am

Oil cake market rates

Oil cake market rates

Slow trading was seen on the forward cottonseed oilcake market on Saturday as better supply position kept the buyers on the sidelines, dealers said. The March vaida commenced at Rs 691.50 which proved to be day's best at the same level, they said.

Published 10 Feb, 2008 12:00am

EU wheat futures higher

EU wheat futures higher

Benchmark contract March on European milling wheat futures closed 11.25 euros or 4.2 percent higher on Friday at 280.50 euros a tonne, in the wake of a surge in US futures, traders said.

Published 10 Feb, 2008 12:00am

Karachi interbank rates

Karachi interbank rates

Karachi interbank rates on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 10 Feb, 2008 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 10 Feb, 2008 12:00am

Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Plan to conserve energy: solar power-based lights for government buildings proposed

Plan to conserve energy: solar power-based lights for government buildings proposed

The government has decided to use solar energy-based lights on all important buildings, like Prime Minister House and Secretariat, as part of energy-saving strategy, official sources told Business Recorder.

Published 10 Feb, 2008 12:00am

Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Plan to conserve energy: solar power-based lights for government buildings proposed

Plan to conserve energy: solar power-based lights for government buildings proposed

The government has decided to use solar energy-based lights on all important buildings, like Prime Minister House and Secretariat, as part of energy-saving strategy, official sources told Business Recorder.

Published 10 Feb, 2008 12:00am

LIBOR calculating interest on US dollar

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Plan to conserve energy: solar power-based lights for government buildings proposed

Plan to conserve energy: solar power-based lights for government buildings proposed

The government has decided to use solar energy-based lights on all important buildings, like Prime Minister House and Secretariat, as part of energy-saving strategy, official sources told Business Recorder.

Published 10 Feb, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

US can't launch operation inside Pakistan's territory: Mullen

US can't launch operation inside Pakistan's territory: Mullen

The chairman, US Joint Chief of Staff, Admiral Mike Mullen, said on Saturday that US respects sovereignty of Pakistan and can not launch any operation inside Pakistani territory unless asked by the Pakistani authorities.

Published 10 Feb, 2008 12:00am

Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

US can't launch operation inside Pakistan's territory: Mullen

US can't launch operation inside Pakistan's territory: Mullen

The chairman, US Joint Chief of Staff, Admiral Mike Mullen, said on Saturday that US respects sovereignty of Pakistan and can not launch any operation inside Pakistani territory unless asked by the Pakistani authorities.

Published 10 Feb, 2008 12:00am

Banks' rates for currency notes (buying and selling)

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 Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

President briefs US General on war against terrorism

President briefs US General on war against terrorism

Chairman, US Armed Forces Joint Chiefs of Staff, Admiral Michael Mullen, currently on three-day official visit to Pakistan, called on President Pervez Musharraf at the Aiwan-e-Sadr here on Saturday.

Published 10 Feb, 2008 12:00am

Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

President briefs US General on war against terrorism

President briefs US General on war against terrorism

Chairman, US Armed Forces Joint Chiefs of Staff, Admiral Michael Mullen, currently on three-day official visit to Pakistan, called on President Pervez Musharraf at the Aiwan-e-Sadr here on Saturday.

Published 10 Feb, 2008 12:00am

Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

'Major fire' at London's Camden Market

'Major fire' at London's Camden Market

A major blaze has broken out at Camden Market, one of the most famous markets in London, while not everyone in the area had been accounted for, a London Fire Brigade spokeswoman said Saturday.

Published 10 Feb, 2008 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Huckabee wins Republican contest in Kansas

Huckabee wins Republican contest in Kansas

Former Arkansas Governor Mike Huckabee won the Republican presidential contest in Kansas on Saturday, Fox News Channel projected, showing signs of life in a nominating race front-runner John McCain has nearly sewed up.

Published 10 Feb, 2008 12:00am

Currency values in terms of Special Drawing Rights

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 10 Feb, 2008 12:00am

Six die in Colombia plane crash

Six die in Colombia plane crash

Six members of Colombia's military were killed on Saturday when their plane crashed over a jungle area in the southern part of the country where leftist rebels control wide areas, the government said.

Published 10 Feb, 2008 12:00am

World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Police said to identify four Germans in terrorist camps

Police said to identify four Germans in terrorist camps

Police have identified four men from Germany who are undergoing training in terrorist-run camps in the lawless border region between Afghanistan and Pakistan, the German magazine Der Spiegel said Saturday. Federal police were trying to prevent the Islamis

Published 10 Feb, 2008 12:00am

KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Police said to identify four Germans in terrorist camps

Police said to identify four Germans in terrorist camps

Police have identified four men from Germany who are undergoing training in terrorist-run camps in the lawless border region between Afghanistan and Pakistan, the German magazine Der Spiegel said Saturday. Federal police were trying to prevent the Islamis

Published 10 Feb, 2008 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Yahoo to reject Microsoft bid: report

Yahoo to reject Microsoft bid: report

Internet giant Yahoo's board has decided to reject Microsoft's take-over bid, saying its 44.6 billion dollar offer "massively undervalues" Yahoo, the Wall Street Journal reported Saturday.

Published 10 Feb, 2008 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Yahoo to reject Microsoft bid: report

Yahoo to reject Microsoft bid: report

Internet giant Yahoo's board has decided to reject Microsoft's take-over bid, saying its 44.6 billion dollar offer "massively undervalues" Yahoo, the Wall Street Journal reported Saturday.

Published 10 Feb, 2008 12:00am

Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Yahoo to reject Microsoft bid: report

Yahoo to reject Microsoft bid: report

Internet giant Yahoo''s board has decided to reject Microsoft''s take-over bid, saying its 44.6 billion dollar offer "massively undervalues" Yahoo, the Wall Street Journal reported Saturday.

Published 10 Feb, 2008 12:00am

Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

27 die in suicide attack on ANP rally

27 die in suicide attack on ANP rally

At least 27 people were killed and 50 injured in a suicide attack on a public meeting of a candidate of Awami National Party in Shabqadar, district Charsadda. The victims are the workers of ANP who gathered to attend a public meeting of Bashir Khan Omarza

Published 10 Feb, 2008 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

27 die in suicide attack on ANP rally

27 die in suicide attack on ANP rally

At least 27 people were killed and 50 injured in a suicide attack on a public meeting of a candidate of Awami National Party in Shabqadar, district Charsadda. The victims are the workers of ANP who gathered to attend a public meeting of Bashir Khan Omarza

Published 10 Feb, 2008 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

President administers oath to IHC Chief Justice

President administers oath to IHC Chief Justice

President Pervez Musharraf on Saturday administered oath of office to Justice Sardar Mohammad Aslam as Chief Justice of Islamabad High Court. The ceremony was attended by Chief Justice Abdul Hameed Dogar and other Judges of the Supreme Court and members o

Published 10 Feb, 2008 12:00am

Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

President administers oath to IHC Chief Justice

President administers oath to IHC Chief Justice

President Pervez Musharraf on Saturday administered oath of office to Justice Sardar Mohammad Aslam as Chief Justice of Islamabad High Court. The ceremony was attended by Chief Justice Abdul Hameed Dogar and other Judges of the Supreme Court and members o

Published 10 Feb, 2008 12:00am

THE RUPEE: dollar turns lower in money market

THE RUPEE: dollar turns lower in money market

Recovery phase was seen on the currency market at the week-end as the rupee managed to gain modestly against dollar in both open and interbank market, dealers said. The rupee picked up three paisa in the interbank market against dollar at 62.83 and 62.85

Published 10 Feb, 2008 12:00am

Excessive government borrowing fuelling inflation: Shamshad addresses FPCCI members

Excessive government borrowing fuelling inflation: Shamshad addresses FPCCI members

Government budgetary borrowing from the State Bank has reached historic level of some Rs 334 billion during the current fiscal year and the government's reliance on bank borrowing is fuelling inflation, said Shamshad Akhtar, Governor, State Bank of Pakist

Published 10 Feb, 2008 12:00am

THE RUPEE: dollar turns lower in money market

THE RUPEE: dollar turns lower in money market

Recovery phase was seen on the currency market at the week-end as the rupee managed to gain modestly against dollar in both open and interbank market, dealers said. The rupee picked up three paisa in the interbank market against dollar at 62.83 and 62.85

Published 10 Feb, 2008 12:00am

Excessive government borrowing fuelling inflation: Shamshad addresses FPCCI members

Excessive government borrowing fuelling inflation: Shamshad addresses FPCCI members

Government budgetary borrowing from the State Bank has reached historic level of some Rs 334 billion during the current fiscal year and the government's reliance on bank borrowing is fuelling inflation, said Shamshad Akhtar, Governor, State Bank of Pakist

Published 10 Feb, 2008 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

No chance of any edible oil crisis: FFC

No chance of any edible oil crisis: FFC

The Federal Food Committee Chairman has categorically denied that any edible oil crisis was looming in the country, saying that there were sufficient stocks of the commodity.

Published 10 Feb, 2008 12:00am

FBR forms three teams for workforce rationalisation

FBR forms three teams for workforce rationalisation

The Federal Board of Revenue has constituted three teams headed by senior tax officials for the rationalisation of 25,000 workforce at the Large Taxpayer Units (LTUs), Regional Tax Offices (RTOs) and Model Customs Collectorates (MCCs).

Published 10 Feb, 2008 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 09, 2008).

Published 10 Feb, 2008 12:00am

Normal trade with India only after Kashmir solution: Musharraf inaugurates Neelum-Jhelum power project

Normal trade with India only after Kashmir solution: Musharraf inaugurates Neelum-Jhelum power project

President Pervez Musharraf on Saturday reiterating his resolve not to let the Kashmiris down said there were indications to a forward movement on Kashmir dispute, and hoped Pakistan and India will make progress in this regard.

Published 10 Feb, 2008 12:00am

Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (January 02 to 31, 2008)

Published 10 Feb, 2008 12:00am

Normal trade with India only after Kashmir solution: Musharraf inaugurates Neelum-Jhelum power project

Normal trade with India only after Kashmir solution: Musharraf inaugurates Neelum-Jhelum power project

President Pervez Musharraf on Saturday reiterating his resolve not to let the Kashmiris down said there were indications to a forward movement on Kashmir dispute, and hoped Pakistan and India will make progress in this regard.

Published 10 Feb, 2008 12:00am

The Weather

The Weather

The weather report on Saturday (February 09, 2008) and the forecast for Sunday (February 10, 2008).

Published 10 Feb, 2008 12:00am

Normal trade with India only after Kashmir solution: Musharraf inaugurates Neelum-Jhelum power project

Normal trade with India only after Kashmir solution: Musharraf inaugurates Neelum-Jhelum power project

President Pervez Musharraf on Saturday reiterating his resolve not to let the Kashmiris down said there were indications to a forward movement on Kashmir dispute, and hoped Pakistan and India will make progress in this regard.

Published 10 Feb, 2008 12:00am

Soomro asks officials to open more routes

Soomro asks officials to open more routes

Caretaker Prime Minister Muhammadmian Soomro has asked officials concerned to open more trade routes with India to facilitate export of cement and other products to the neighbouring country.

Published 10 Feb, 2008 12:00am

Soomro asks officials to open more routes

Soomro asks officials to open more routes

Caretaker Prime Minister Muhammadmian Soomro has asked officials concerned to open more trade routes with India to facilitate export of cement and other products to the neighbouring country.

Published 10 Feb, 2008 12:00am

Soomro asks officials to open more routes

Soomro asks officials to open more routes

Caretaker Prime Minister Muhammadmian Soomro has asked officials concerned to open more trade routes with India to facilitate export of cement and other products to the neighbouring country.

Published 10 Feb, 2008 12:00am

Pakistan rejects claim al Qaeda, Taliban leaders on its soil

Pakistan rejects claim al Qaeda, Taliban leaders on its soil

Pakistan on Saturday dismissed a senior US official's assertion that al Qaeda and Taliban leaders Osama bin Laden and Mullah Mohammad Omar were operating from its tribal areas. "The claim by an unnamed official is baseless," said Foreign Ministry spokesma

Published 10 Feb, 2008 12:00am

Pakistan rejects claim al Qaeda, Taliban leaders on its soil

Pakistan rejects claim al Qaeda, Taliban leaders on its soil

Pakistan on Saturday dismissed a senior US official's assertion that al Qaeda and Taliban leaders Osama bin Laden and Mullah Mohammad Omar were operating from its tribal areas. "The claim by an unnamed official is baseless," said Foreign Ministry spokesma

Published 10 Feb, 2008 12:00am

Transit trade data: FBR team to confer with Afghan customs officials

Transit trade data: FBR team to confer with Afghan customs officials

A delegation of customs officials will visit Kabul to meet their counterpart for online reconciliation of transit trade data between the customs authorities of the two countries. According to an announcement of the Federal Bureau of Revenue (FBR) on Satur

Published 10 Feb, 2008 12:00am

Transit trade data: FBR team to confer with Afghan customs officials

Transit trade data: FBR team to confer with Afghan customs officials

A delegation of customs officials will visit Kabul to meet their counterpart for online reconciliation of transit trade data between the customs authorities of the two countries. According to an announcement of the Federal Bureau of Revenue (FBR) on Satur

Published 10 Feb, 2008 12:00am

Transit trade data: FBR team to confer with Afghan customs officials

Transit trade data: FBR team to confer with Afghan customs officials

A delegation of customs officials will visit Kabul to meet their counterpart for online reconciliation of transit trade data between the customs authorities of the two countries. According to an announcement of the Federal Bureau of Revenue (FBR) on Satur

Published 10 Feb, 2008 12:00am

Blast damages Sui-Karachi gas pipeline

Blast damages Sui-Karachi gas pipeline

Some unknown persons have caused ruptures in the Sui-Karachi 20" diameter gas pipeline by an explosive device. However, the supply of gas to Karachi would not be affected. Police said the explosive material was planted at the Sui-Karachi gas pipeline at G

Published 10 Feb, 2008 12:00am

No chance of any edible oil crisis: FFC

No chance of any edible oil crisis: FFC

The Federal Food Committee Chairman has categorically denied that any edible oil crisis was looming in the country, saying that there were sufficient stocks of the commodity.

Published 10 Feb, 2008 12:00am

No chance of any edible oil crisis: FFC

No chance of any edible oil crisis: FFC

The Federal Food Committee Chairman has categorically denied that any edible oil crisis was looming in the country, saying that there were sufficient stocks of the commodity.

Published 10 Feb, 2008 12:00am

Myanmar junta to hold elections in 2010

Myanmar junta to hold elections in 2010

Myanmar's military government said on Saturday it would hold a referendum on a new constitution in May followed by multi-party elections in 2010, a move dismissed as worthless by the opposition without the release of Aung San Suu Kyi.

Published 10 Feb, 2008 12:00am

''Wheat price be fixed at Rs 650 per 40 kg to achieve 24 million tons target''

''Wheat price be fixed at Rs 650 per 40 kg to achieve 24 million tons target''

If the government wants to achieve wheat production target of 24 million tons, it will have to announce its support price ranging from Rs 600 to Rs 650 per 40 kg as soon as possible to bring more area under its cultivation, official sources told Busine

Published 10 Feb, 2008 12:00am

Kinnow exports may fetch $100 million: PHDEB

As compared to last year, exports of kinnow are likely to fetch $100 million this year, thereby exceeding last year's exports by 30 percent to 40 percent, a spokesman for the Pakistan Horticulture Development and Export Board (PHDEB) told Business Reco
Published 10 Feb, 2008 12:00am

Kinnow exports may fetch $100 million: PHDEB

As compared to last year, exports of kinnow are likely to fetch $100 million this year, thereby exceeding last year's exports by 30 percent to 40 percent, a spokesman for the Pakistan Horticulture Development and Export Board (PHDEB) told Business Reco
Published 10 Feb, 2008 12:00am

Kinnow exports may fetch $100 million: PHDEB

As compared to last year, exports of kinnow are likely to fetch $100 million this year, thereby exceeding last year''s exports by 30 percent to 40 percent, a spokesman for the Pakistan Horticulture Development and Export Board (PHDEB) told Business Rec
Published 10 Feb, 2008 12:00am

Bomb scare at Karachi Club

A bomb scare created panic at Karachi Club situated at Muhammad Bin Qasim road near Sindh chief minister's house on Saturday night. Artillery Maidan police said a caller informed the staff at club at 8pm that a bomb had been planted somewhere in the build
Published 10 Feb, 2008 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / May 13

281.73

USD PKR Interbank Buying / May 13

281.53

USD to Japanese Yen / May 13

147.90

USD to Swiss Franc / May 13

0.84

Pound Sterling to USD / May 13

1.32

Euro to USD / May 13

1.11

UK LIBOR % / May 12

4.96

Stock Volume

S&P 500 / May 12

5,844.19

Nasdaq / May 12

18,708.34

Dow Jones / May 12

42,410.10

India Sensex / May 13

81,726.97

Tokyo Nikkei / May 13

38,305.85

Hang Seng / May 13

23,188.20

FTSE 100 / May 13

8,606.55

Germany DAX 30 / May 13

23,595.02

France CAC40 / May 13

7,859.80

Item Value

Karachi Cotton PKR/37.32 KG / May 12

16,985

Gold 10 Grams PKR / May 12

291,923

Crude Oil USD/Barrel / May 13

61.90

Gold Spot USD/Ounce / May 13

3,253.26

Cotton US¢/pound / May 13

66.85

Petrol/Litre / May 14

252.63

Diesel/Litre / May 14

256.64

Gainers
Losers
Leaders

Stock Price

Grays Leasing / May 13

Grays Leasing Limited(GRYL)

4.51

▲ 0.72 (19%)

TPL Trakker Ltd / May 13

TPL Trakker Limited(TPLT)

6.59

▲ 1 (17.89%)

Al-Shaheer Corp / May 13

Al Shaheer Corporation Limited(ASC)

6.88

▲ 1 (17.01%)

B. F. Mod. / May 13

B.F. Modaraba(BFMOD)

8.34

▲ 1 (13.62%)

Burj Clean Energy Modaraba / May 13

Burj Clean Energy Modaraba(GEM)(GEMBCEM)

9.11

▲ 1 (12.33%)

Mahanna Islamic Index / May 13

Mahanna Islamic Index Traded Fund(MIIETF)

15.47

▲ 1.65 (11.94%)

Haseeb Waqas / May 13

Haseeb Waqas Sugar Mills Limited(HWQS)

9.59

▲ 1 (11.64%)

Gulshan Sp. / May 13

Gulshan Spinning Mills Limited(GSPM)

3.40

▲ 0.35 (11.48%)

Ghazi Fabrics / May 13

Ghazi Fabrics International Limited(GFIL)

10.17

▲ 1 (10.91%)

PIA Holding Co.Ltd / May 13

PIA Holding Company Limited(PIAHCLA)

14.80

▲ 1.35 (10.04%)

Stock Price

Power Cem(Pref) / May 13

Power Cement (Pref)(POWERPS)

15.35

▼ -1.71 (-10.02%)

Bilal Fibres / May 13

Bilal Fibres Limited(BILF)

19.59

▼ -2.18 (-10.01%)

TPL Life Insur. / May 13

TPL Life Insurance Limited(TPLL)

46.80

▼ -5.2 (-10%)

Din Tex. / May 13

Din Textile Mills Limited(DINT)

45

▼ -4.99 (-9.98%)

Mughal Energy / May 13

Mughal Energy Limited(GEM)(GEMMEL)

19.90

▼ -2.12 (-9.63%)

Suhail Jute / May 13

Suhail Jute Mills Limited(SUHJ)

78.36

▼ -8.24 (-9.52%)

First Punjab Modaraba / May 13

First Punjab Modaraba(FPJM)

2.77

▼ -0.28 (-9.18%)

Parmount Sp. / May 13

Paramount Spinning Mills Limited(PASM)

3.36

▼ -0.31 (-8.45%)

First AL-Noor Mod. / May 13

First Al-Noor Modaraba(FANM)

2.95

▼ -0.25 (-7.81%)

First IBL Mod. / May 13

First IBL Modaraba(FIBLM)

3

▼ -0.24 (-7.41%)

Stock Volume

WorldCall Telecom / May 13

Worldcall Telecom Limited(WTL)

41,734,903

▼ -0.06

Maple Leaf Cement / May 13

Maple Leaf Cement Factory Limited(MLCF)

41,052,877

▲ 6.27

Sui South Gas / May 13

Sui Southern Gas Company Limited(SSGC)

35,773,773

▲ 2.33

Oil & Gas Dev. / May 13

Oil & Gas Development Company Limited(OGDC)

30,912,153

▲ 15.65

B.O.Punjab / May 13

The Bank of Punjab(BOP)

24,175,098

▼ -0.16

Cnergyico PK / May 13

Cnergyico PK Limited(CNERGY)

24,174,880

▼ -0.09

K-Electric Ltd. / May 13

K-Electric Limited(KEL)

23,803,446

▼ -0.22

At-Tahur Ltd. / May 13

At-Tahur Limited(PREMA)

21,754,749

▼ -3.25

Fauji Cement / May 13

Fauji Cement Company Limited(FCCL)

20,681,855

▲ 1.82

D.G.K.Cement / May 13

D.G. Khan Cement Company Limited(DGKC)

19,785,523

▲ 10.35

Markets →

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Gold price per tola falls massive Rs10,400 in Pakistan

Housing finance schemes: Pakistan govt ready to offer 100% guarantees to banks

Buying rally continues at bourse, KSE-100 settles with nearly 1,300-point gain

Pakistan’s $60bn export target: Ministers told to craft business plans

NJLI Sarmaya Growth Fund Rates

Rupee settles lower against US dollar

Pakistan govt’s debt stock soars to Rs73.6trn by March-end

Pakistan govt working on options to increase FED

Illusion of remittance-driven growth

KSE-100 surges over 10,000 points on India-Pakistan ceasefire, IMF approval

NJLI Sarmaya Growth Fund Rates

Gold price per tola falls massive Rs10,400 in Pakistan

Rupee posts marginal gain against US dollar

IMF targets: ECC orders Rs50bn reallocation from PSDP to PD

SC dismisses ‘frivolous’ plea of FPSC with costs

FBR deputes officers at 21 beverages cos

Arif Habib expects super tax cut in upcoming budget

Beyond the ceasefire: Pakistan’s path forward

NJLI Sarmaya Growth Fund Rates

Gold price per tola falls massive Rs10,400 in Pakistan

KSE-100 surges over 10,000 points on India-Pakistan ceasefire, IMF approval

SC dismisses ‘frivolous’ plea of FPSC with costs

FY26 budget: Rates of CGT and WHT will be reduced

Housing finance schemes: Pakistan govt ready to offer 100% guarantees to banks

Buying rally continues at bourse, KSE-100 settles with nearly 1,300-point gain

Rupee posts marginal gain against US dollar

Cement: Not a sprint

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