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Print - 2008-03-09
Erdogan seeks to turn new page in Iraq relations

Erdogan seeks to turn new page in Iraq relations

Turkish Prime Minister Tayyip Erdogan said on Saturday he wants better relations with Iraq, a week after Ankara ended an army offensive against PKK rebels based in the north of the country.
Published 09 Mar, 2008 12:00am
The Weather

The Weather

The weather report on Saturday (March 08, 2008) and the forecast for Sunday (March 09, 2008).
Published 09 Mar, 2008 12:00am
Punjab may see Rs 56 billion budget deficit

Punjab may see Rs 56 billion budget deficit

The medium-term budget framework (MTBF) and medium-term development framework (MTDF) of Punjab have shown that the budget deficit would reach Rs 37.3 billion (about $622 million) in FY2008 and further to Rs 55.9 billion ($932 million) and Rs 42.8 billion
Published 09 Mar, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
Punjab may see Rs 56 billion budget deficit

Punjab may see Rs 56 billion budget deficit

The medium-term budget framework (MTBF) and medium-term development framework (MTDF) of Punjab have shown that the budget deficit would reach Rs 37.3 billion (about $622 million) in FY2008 and further to Rs 55.9 billion ($932 million) and Rs 42.8 billion
Published 09 Mar, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (March 08, 2008) and for Sunday (March 09, 2008).
Published 09 Mar, 2008 12:00am
Punjab may see Rs 56 billion budget deficit

Punjab may see Rs 56 billion budget deficit

The medium-term budget framework (MTBF) and medium-term development framework (MTDF) of Punjab have shown that the budget deficit would reach Rs 37.3 billion (about $622 million) in FY2008 and further to Rs 55.9 billion ($932 million) and Rs 42.8 billion
Published 09 Mar, 2008 12:00am
Eight PML MPAs support PPP-led coalition in Balochistan

Eight PML MPAs support PPP-led coalition in Balochistan

Muslim League got further set back when its 8 members formed a Humkhial group on Saturday and announced support to PPPP in Balochistan. Muhammad Aslam Bhutani, Rubina Irfan, Hamal Kalmati and Basant Lal Gulshan in a press conference on Saturday announced
Published 09 Mar, 2008 12:00am
Eight PML MPAs support PPP-led coalition in Balochistan

Eight PML MPAs support PPP-led coalition in Balochistan

Muslim League got further set back when its 8 members formed a Humkhial group on Saturday and announced support to PPPP in Balochistan. Muhammad Aslam Bhutani, Rubina Irfan, Hamal Kalmati and Basant Lal Gulshan in a press conference on Saturday announced
Published 09 Mar, 2008 12:00am
Final round of PPP, PML-N talks today

Final round of PPP, PML-N talks today

The final round of negotiations between the leaders of Pakistan People's Party and Pakistan Muslim League-N will be held in Murree on Sunday, March 9, 2008 to hammer out modalities for forming the coalition government.
Published 09 Mar, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
Final round of PPP, PML-N talks today

Final round of PPP, PML-N talks today

The final round of negotiations between the leaders of Pakistan People's Party and Pakistan Muslim League-N will be held in Murree on Sunday, March 9, 2008 to hammer out modalities for forming the coalition government.
Published 09 Mar, 2008 12:00am
MoF will ask new government to review projects

MoF will ask new government to review projects

The Finance Ministry will recommend to the new government to review ''Juma bazaar of projects'' initiated by the Planning Commission without keeping in view their benefits and financial constraints, reliable sources told Business Recorder.
Published 09 Mar, 2008 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
MoF will ask new government to review projects

MoF will ask new government to review projects

The Finance Ministry will recommend to the new government to review 'Juma bazaar of projects' initiated by the Planning Commission without keeping in view their benefits and financial constraints, reliable sources told Business Recorder.
Published 09 Mar, 2008 12:00am
MoF will ask new government to review projects

MoF will ask new government to review projects

The Finance Ministry will recommend to the new government to review 'Juma bazaar of projects' initiated by the Planning Commission without keeping in view their benefits and financial constraints, reliable sources told Business Recorder.
Published 09 Mar, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
THE RUPEE: dollar higher on interbank market

THE RUPEE: dollar higher on interbank market

The rupee could not retain its firmness against the US currency in the interbank market on Saturday, falling six paisa for buying and selling at 62.66 and 62.68, money experts said. They said that during the third quarter of the current fiscal year, payme
Published 09 Mar, 2008 12:00am
THE RUPEE: dollar higher on interbank market

THE RUPEE: dollar higher on interbank market

The rupee could not retain its firmness against the US currency in the interbank market on Saturday, falling six paisa for buying and selling at 62.66 and 62.68, money experts said. They said that during the third quarter of the current fiscal year, payme
Published 09 Mar, 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 on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday March 10, 2008

Published 09 Mar, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday March 10, 2008

Published 09 Mar, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday March 10, 2008

Published 09 Mar, 2008 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (March 08, 2008).

Published 09 Mar, 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 (March 08, 2008).

Published 09 Mar, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 08, 2008).

Published 09 Mar, 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 on Saturday (February 23, 2008).

Published 09 Mar, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (March 08, 2008).

Published 09 Mar, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (March 08, 2008).
Published 09 Mar, 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 (March 08, 2008).

Published 09 Mar, 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 (March 08, 2008).

Published 09 Mar, 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 (March 08, 2008).

Published 09 Mar, 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 (March 08, 2008).

Published 09 Mar, 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 09 Mar, 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 09 Mar, 2008 12:00am
FOB Gulf corn and soya holding steady

FOB Gulf corn and soya holding steady

US FOB Gulf corn and soyabean basis held steady on Friday after falling earlier in the week due to a seasonal slowdown in export demand, traders said. Soft wheat basis values held steady after falling earlier this week due to competition from other wheat-
Published 09 Mar, 2008 12:00am
Oil cake market rates

Oil cake market rates

Rising trend persisted on the forward cottonseed oilcake market on Saturday in thin business as leading buyers were hoping that the prices may come down in the coming days, dealers said. The March vaida opened at Rs 695.00 and closing was seen at the same
Published 09 Mar, 2008 12:00am
No transaction witnessed on cotton market

No transaction witnessed on cotton market

Not a single deal reported on the cotton market on Saturday as most of the spinners kept on the sidelines due to continued fall in the New York cotton futures, brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3350,
Published 09 Mar, 2008 12:00am
Til, masoor sharply up on grain market

Til, masoor sharply up on grain market

Rising trend was seen on the grain market on Saturday amid modest trading, dealers said. On the seed side, til low type was sharply higher by Rs 680 to Rs 5200 and better type gained Rs 1650 to Rs 5600, they said. Cottonseed oilcake with bag Punjab quoted
Published 09 Mar, 2008 12:00am
US wheat futures down

US wheat futures down

US wheat futures closed lower on Friday on profit-taking and long-liquidation by funds, and spillover from a plunge in the Chicago Board of Trade soya complex, traders said. CBOT soyabeans, soyaoil and soyameal closed down their respective daily trading l
Published 09 Mar, 2008 12:00am
Singapore bunker prices unchanged

Singapore bunker prices unchanged

Singapore bunker prices were unchanged on Friday, but its differentials to the cash market remained anchored in steep discounts due to a lack of demand. Prices for 380-centistoke (cst) bunker fuel were pegged at $479-$481, steady from the previous day, wh
Published 09 Mar, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 111,921 tonnes cargo including 56,476 tonnes import, 55,445 tonnes export cargo and 4,438 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 09 Mar, 2008 12:00am
Brazilian sugar vessels lineup rises

Brazilian sugar vessels lineup rises

The lineup of vessels waiting to load sugar in Brazilian ports this week rose to 23 from 22 last week, shipping agent Williams said Thursday. In a weekly report, Williams said nine vessels were lined up in the southern port of Santos, down from 11 last we
Published 09 Mar, 2008 12:00am
US Midwest soya bids rise

US Midwest soya bids rise

Spot basis bids for soyabeans rose at river terminals around the US Midwest on Friday but held steady at most interior processors and elevators, grain dealers said. Cash bids for corn were mostly steady at both interior locations and along rivers.
Published 09 Mar, 2008 12:00am
China soyaoil outlook

China soyaoil outlook

The outlook for China's soyaoil market has turned bearish, as traders expect the government to take measures to curb edible oil prices, a survey by an official think tank showed on Friday.
Published 09 Mar, 2008 12:00am
US soya/meal/oil fall the limits

US soya/meal/oil fall the limits

The entire US soyabean complex on the Chicago Board of Trade dived their respective trading limits on Friday on a technical sell-off, traders said. Soyabeans, soyameal and soyaoil were undergoing a big technical correction after recent rallies, which incl
Published 09 Mar, 2008 12:00am
Copper rebounds to end firm

Copper rebounds to end firm

US copper futures managed to close in positive territory on Friday despite renewed recessionary fears in the US after data showed the largest drop in non-farm payrolls since March 2003.
Published 09 Mar, 2008 12:00am
Bumper wheat crop with health warning

Bumper wheat crop with health warning

The government bureau that this week forecast a doubling of Australia's next wheat crop has warned that there is only a slightly better than even chance that this near-record harvest will be achieved.
Published 09 Mar, 2008 12:00am
Rising trend on Australian wool market

Rising trend on Australian wool market

The Australian wool market finished 0.5 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 9 A cents (0.9 percent), ending the week at 972 Ac a kg. This reflected increases of 7 Ac (0.7 percent) in the
Published 09 Mar, 2008 12:00am
US rice futures dive

US rice futures dive

US rough rice futures on the Chicago Board of Trade tumbled on Friday as firms liquidated long positions after this season's run-up to contract highs, traders said. March rice, now in delivery, settled 48 cents per hundredweight lower at $17.31. May ended
Published 09 Mar, 2008 12:00am
US gold lower

US gold lower

New York gold futures erased initial gains to finish lower on Friday as funds sold bullion for liquidity, capping a volatile week which saw gold made several runs toward $1,000 an ounce but was met with heavy resistance each time. Platinum and palladium c
Published 09 Mar, 2008 12:00am
New York sugar extends weekly losses

New York sugar extends weekly losses

ICE raw sugar futures closed at a 3-1/2-week low on Friday amid further liquidation pressures in the agricultural commodity markets, erasing more than 15 percent of the sweetener's value since Monday.
Published 09 Mar, 2008 12:00am
Commodity prices spike to record peaks, led by crude oil

Commodity prices spike to record peaks, led by crude oil

Oil, gold, platinum and copper prices rocketed to record highs last week, boosted by weak supplies and fervent demand stemming from the weak dollar and the darkening US economic outlook, traders said.
Published 09 Mar, 2008 12:00am
Poland vows to restore citizenship to purged Jews

Poland vows to restore citizenship to purged Jews

Poland's president vowed on Saturday to restore Polish citizenship to the survivors of thousands of Jews pushed out of the country by the communist regime 40 years ago. An estimated 15,000 Poles of Jewish background were forced to leave Poland as the comm
Published 09 Mar, 2008 12:00am
Afghanistan welcomes Norway's Eide as new UN envoy

Afghanistan welcomes Norway's Eide as new UN envoy

The Afghan government on Saturday welcomed Norwegian diplomat Kai Eide as the new UN envoy to Afghanistan, a role meant to better co-ordinate international efforts to bring development and head off a Taliban insurgency.
Published 09 Mar, 2008 12:00am
Turkey, Greece see window of opportunity for Cyprus

Turkey, Greece see window of opportunity for Cyprus

The foreign ministers of Turkey and Greece said on Saturday they saw an opportunity for progress towards a settlement of the Cyprus problem in the wake of elections on the divided Mediterranean island.
Published 09 Mar, 2008 12:00am
Democrats slam Bush on gloomy US jobs report

Democrats slam Bush on gloomy US jobs report

Democrats seized on a gloomy US jobs report on Friday to deride President George W. Bush's economic policies, while the White House defended its record on what is becoming a key issue in November's election.
Published 09 Mar, 2008 12:00am
Chinese press muzzled at parliament meeting

Chinese press muzzled at parliament meeting

China is making a big publicity push at this year's annual meeting of parliament to show how open it is to the media, but when it comes to Chinese reporters many of the old propaganda and censorship rules still apply.
Published 09 Mar, 2008 12:00am
Dalai Lama supports Beijing Olympics: aide

Dalai Lama supports Beijing Olympics: aide

The Dalai Lama, the spiritual head of Tibetan Buddhists, expressed his support for the Beijing Olympics on Saturday, rejecting Chinese allegations that he was trying to sabotage the games.
Published 09 Mar, 2008 12:00am
Air India bomber loses Canadian bail request

Air India bomber loses Canadian bail request

The only person convicted in connection with the 1985 Air India bombings, which killed 331 people, was denied bail on Friday as he awaits trial in Canada on a related perjury charge. Inderjit Singh Reyat, 55, sat calmly in the prisoners box as the judge r
Published 09 Mar, 2008 12:00am
Spain buries Basque politician ahead of election

Spain buries Basque politician ahead of election

Spain on Saturday prepared to bury a former Socialist councillor shot dead in the Basque Country in what many said was an attempt by separatists to influence Sunday's poll, just as Islamist bombings did in 2004. Spain's Socialist government and conservati
Published 09 Mar, 2008 12:00am
Madagascar cyclone death toll rises to 93

Madagascar cyclone death toll rises to 93

The death toll from Cyclone Ivan in Madagascar has risen to 93 people, while the total number of homeless is 332,391, a statement from the National Office for Disaster and Risk Management said. The European Union has donated 6.8 million euros ($10.5 milli
Published 09 Mar, 2008 12:00am
China dissident Hu Jia to stand trial

China dissident Hu Jia to stand trial

Prominent Chinese dissident Hu Jia will soon face trial after prosecutors decided to press subversion charges, his lawyer said on Saturday, as another human rights lawyer close to Hu was freed from brief detention.
Published 09 Mar, 2008 12:00am
Dubai plans $200 million oil storage facility

Dubai plans $200 million oil storage facility

State-owned Dubai Multi Commodities Centre (DMCC) said on Saturday it plans to build a $200 million oil products storage facility that will mainly service the Gulf Arab emirate's planned new airport.
Published 09 Mar, 2008 12:00am
StanChart eyes RBS stake in Saudi lender

StanChart eyes RBS stake in Saudi lender

Standard Chartered Bank is considering buying Royal Bank of Scotland's 40 percent stake in Saudi Hollandi Bank in a bid to secure a presence in the world's largest oil exporter, a magazine reported. Middle East Economic Digest (MEED) said Standard Charter
Published 09 Mar, 2008 12:00am
Job losses no surprise, says Paulson

Job losses no surprise, says Paulson

US Treasury Secretary Henry Paulson said on Friday that February job losses were unwelcome but not surprising, and urged major financial institutions to raise capital to keep lending taps open during a difficult period.
Published 09 Mar, 2008 12:00am
Thornburg in danger; WaMu takes ratings hit

Thornburg in danger; WaMu takes ratings hit

Credit fears swirled again through financial markets on Friday as lender Thornburg Mortgage Inc said its survival was in doubt and ratings agency Fitch downgraded Washington Mutual Inc. Fitch cut its ratings on Washington Mutual, the largest US savings an
Published 09 Mar, 2008 12:00am
'Banks face systemic margin call, $325 billion capital to be depleted'

'Banks face systemic margin call, $325 billion capital to be depleted'

Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime US mortgages, J.P. Morgan Chase & Co, said in a report late on Friday. J.P. Morgan, which sent a default notice to Thornb
Published 09 Mar, 2008 12:00am
Bangladesh rejects ADB call for fuel price rise

Bangladesh rejects ADB call for fuel price rise

Bangladesh's government said on Saturday it had no immediate plans to raise domestic fuel prices as suggested by the Asian Development Bank, one of the poor South Asian country's main development partners.
Published 09 Mar, 2008 12:00am
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