News Archives for Print - 2008-03-28

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (March 27, 2008).

Published 28 Mar, 2008 12:00am

LSE index gains 49.46 points

Share prices extended their overnight gains and finished 1.05 percent higher on the Lahore Stock Exchange (LSE) on Thursday since local buyers thronged the market, despite outflow of SCRA. The LSE-25 Index, with a net gain of 49.46 points, reached 4,745.3

Published 28 Mar, 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 28 Mar, 2008 12:00am

LSE index gains 49.46 points

Share prices extended their overnight gains and finished 1.05 percent higher on the Lahore Stock Exchange (LSE) on Thursday since local buyers thronged the market, despite outflow of SCRA. The LSE-25 Index, with a net gain of 49.46 points, reached 4,745.3

Published 28 Mar, 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 28 Mar, 2008 12:00am

CNG stations must stay registered: FBR

The Federal Board of Revenue has made it mandatory for the Compressed Natural Gas stations to stay registered with the sales tax department and file quarterly sales tax returns. The board has amended Sales Tax Special Procedures Rules, 2007 through a noti

Published 28 Mar, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (March 27, 2008).

Published 28 Mar, 2008 12:00am

CNG stations must stay registered: FBR

The Federal Board of Revenue has made it mandatory for the Compressed Natural Gas stations to stay registered with the sales tax department and file quarterly sales tax returns. The board has amended Sales Tax Special Procedures Rules, 2007 through a noti

Published 28 Mar, 2008 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 Mar, 2008 12:00am

CNG stations must stay registered: FBR

The Federal Board of Revenue has made it mandatory for the Compressed Natural Gas stations to stay registered with the sales tax department and file quarterly sales tax returns. The board has amended Sales Tax Special Procedures Rules, 2007 through a noti

Published 28 Mar, 2008 12:00am

Neumann expects large Brazilian coffee crop

Leading German coffee group Neumann Kaffee forecasts Brazil's 2008/09 coffee harvest will rise sharply to 54.5 million 60-kg bags from 39.1 million bags in 2007/08, traders said on Thursday. Neumann traditionally does not make its reports available for ge

Published 28 Mar, 2008 12:00am

CNG stations must stay registered: FBR

The Federal Board of Revenue has made it mandatory for the Compressed Natural Gas stations to stay registered with the sales tax department and file quarterly sales tax returns. The board has amended Sales Tax Special Procedures Rules, 2007 through a noti

Published 28 Mar, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 105,201 tonnes cargo including 47,027 tonnes import, 58,174 tonnes export cargo and 3,625 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.

Published 28 Mar, 2008 12:00am

Economy likely to remain strong: Escap survey

Pakistan''s economy is expected to remain strong in 2008, with 6.5 per cent growth despite political uncertainties and some other disturbances, the United Nations Economic and Social Commission for Asia and the Pacific (Escap) said on Thursday.

Published 28 Mar, 2008 12:00am

US Midwest corn and soyabean bids rise

Spot basis bids for corn and soyabeans rose at elevators around the US Midwest on Wednesday as weeks of slow selling left some terminals short of supplies. Cash bids for both commodities held steady at most processors around the region, grain dealers said

Published 28 Mar, 2008 12:00am

Economy likely to remain strong: Escap survey

Pakistan's economy is expected to remain strong in 2008, with 6.5 per cent growth despite political uncertainties and some other disturbances, the United Nations Economic and Social Commission for Asia and the Pacific (Escap) said on Thursday.

Published 28 Mar, 2008 12:00am

Ivorian cocoa prices mixed

Farm-gate cocoa prices in Ivory Coast's main growing regions were mixed in the week of March 17 as main crop supplies dried up and the small size of available beans weighed on prices, buyers and farmers said on Thursday.

Published 28 Mar, 2008 12:00am

Economy likely to remain strong: Escap survey

Pakistan's economy is expected to remain strong in 2008, with 6.5 per cent growth despite political uncertainties and some other disturbances, the United Nations Economic and Social Commission for Asia and the Pacific (Escap) said on Thursday.

Published 28 Mar, 2008 12:00am

FOB Gulf corn and soya offers steady to firm

US FOB Gulf soyabean and corn basis offers were steady to firm on Wednesday, underpinned by expectations for tight supplies in early April due to repairs to a lock on the Mississippi River, traders said. Wheat export premiums held steady amid a fresh tend

Published 28 Mar, 2008 12:00am

Foreign TV, radio channels have to pay 15 percent sales tax on advertisements

Foreign television and radio channels, having no landing rights in Pakistan, have to pay 15 percent sales tax on advertisements booked in Pakistan through their local agents. The Federal Board of Revenue has amended the Sales Tax Special Procedures Rules,

Published 28 Mar, 2008 12:00am

Egypt to buy 180,000 tonnes US wheat

Egypt's main government wheat buyer said on Thursday it had bought 180,000 tonnes of US soft red winter wheat, most of it for shipment between May 11-31 on an FOB basis.

Published 28 Mar, 2008 12:00am

Foreign TV, radio channels have to pay 15 percent sales tax on advertisements

Foreign television and radio channels, having no landing rights in Pakistan, have to pay 15 percent sales tax on advertisements booked in Pakistan through their local agents. The Federal Board of Revenue has amended the Sales Tax Special Procedures Rules,

Published 28 Mar, 2008 12:00am

US Plains HRW wheat bids steady

US Plains hard red winter wheat basis values were steady on Thursday, with mill interest thin, merchants said. Country players were monitoring crop conditions as concerns about dry weather in some western areas persisted.

Published 28 Mar, 2008 12:00am

Escap sees mounting debt-servicing burden

The United Nations Economic and Social Commission for Asia and the Pacific (Escap) said on Thursday that Pakistan is likely to face higher external debt-servicing burden as repayments of the rescheduled non-ODA Paris Club stock has resumed in 2008.

Published 28 Mar, 2008 12:00am

US wheat futures fall

US wheat futures closed lower on Wednesday, falling 3 to 4 percent on technical selling and concerns that US wheat is overpriced on the global market, traders said. Also bearish was news that Turkey cancelled a tender to buy 250,000 tonnes of US milling w

Published 28 Mar, 2008 12:00am

Escap sees mounting debt-servicing burden

The United Nations Economic and Social Commission for Asia and the Pacific (Escap) said on Thursday that Pakistan is likely to face higher external debt-servicing burden as repayments of the rescheduled non-ODA Paris Club stock has resumed in 2008.

Published 28 Mar, 2008 12:00am

Oil cake market rates

Small trading seen on the forward cottonseed oilcake market on Thursday as several buyers were on the sidelines due to lack of buying interest, dealers said. The May vaida opened at Rs 734.50, later it gained Re.1 to be day's best at Rs 735.50, in process

Published 28 Mar, 2008 12:00am

Escap sees mounting debt-servicing burden

The United Nations Economic and Social Commission for Asia and the Pacific (Escap) said on Thursday that Pakistan is likely to face higher external debt-servicing burden as repayments of the rescheduled non-ODA Paris Club stock has resumed in 2008.

Published 28 Mar, 2008 12:00am

Activity picks late, rate touches Rs 3,515 mark

Prevailing vulnerability in the NY cotton futures, encouraged most of the local spinners to remain on the sidelines in anticipation of lower trend in the prices but some of them covered the immediate needs at the present levels, dealers said on the cotton

Published 28 Mar, 2008 12:00am

Gilani hints at reviewing policies

In the first-ever briefing, Prime Minister Syed Yusuf Raza Gilani on Thursday hinted at overall review of the existing policies for seizing downward trend in the economy, besides providing immediate relief to under-privileged sections of the society.

Published 28 Mar, 2008 12:00am

Milk powder prices up on Jodia Bazaar

The trading on milk powder moved up on Jodia Bazaar here on Thursday.

Published 28 Mar, 2008 12:00am

Gilani hints at reviewing policies

In the first-ever briefing, Prime Minister Syed Yusuf Raza Gilani on Thursday hinted at overall review of the existing policies for seizing downward trend in the economy, besides providing immediate relief to under-privileged sections of the society.

Published 28 Mar, 2008 12:00am

Til prices sharply up on grain market

Insipid business was seen on the grain market on Thursday as most of the commodities maintained the overnight levels, dealers said. On the seed side, til Sindh good type gained Rs 700 to Rs 5000 and better type was up by Rs 500 to Rs 5500.

Published 28 Mar, 2008 12:00am

Gilani hints at reviewing policies

In the first-ever briefing, Prime Minister Syed Yusuf Raza Gilani on Thursday hinted at overall review of the existing policies for seizing downward trend in the economy, besides providing immediate relief to under-privileged sections of the society.

Published 28 Mar, 2008 12:00am

Cotton prices show steadiness

Cotton prices in Pakistan have mostly remained in a steady mode with price variations generally reflecting premia or discounts for quality. Therefore, the Karachi Cotton Association (KCA) has kept the ex-gin price of Grade 3 cotton at Rs 3300 per maund ov

Published 28 Mar, 2008 12:00am

Pakistan must act to avert economic crisis: World Bank

Pakistan must make rapid adjustments and reforms to avert an economic crisis as it suffers the impact of high international prices for petroleum and food such as wheat, the World Bank said on Thursday. Pakistan was likely to miss this year''s targets for

Published 28 Mar, 2008 12:00am

MGE wheat limit reverts to 60 cents

The daily trading limit for wheat futures on the Minneapolis Grain Exchange will revert to 60 cents per bushel for Thursday's session, narrowing from 90 cents, the exchange said on Wednesday. The limits at the Chicago Board of Trade and the Kansas City Bo

Published 28 Mar, 2008 12:00am

Pakistan must act to avert economic crisis: World Bank

Pakistan must make rapid adjustments and reforms to avert an economic crisis as it suffers the impact of high international prices for petroleum and food such as wheat, the World Bank said on Thursday. Pakistan was likely to miss this year's targets for i

Published 28 Mar, 2008 12:00am

US gasoline hits record, crude up over $3

US gasoline futures hit a record price and crude futures extended gains to more than $3 after the US government released the latest domestic petroleum inventories data for last week. On the New York Mercantile Exchange, April RBOB gasoline rose as high as

Published 28 Mar, 2008 12:00am

Pakistan must act to avert economic crisis: World Bank

Pakistan must make rapid adjustments and reforms to avert an economic crisis as it suffers the impact of high international prices for petroleum and food such as wheat, the World Bank said on Thursday. Pakistan was likely to miss this year's targets for i

Published 28 Mar, 2008 12:00am

Cocoa futures settle with modest gains

US cocoa futures settled higher on Wednesday. The Reuters-Jefferies CRB Index of 19 commodities rose 2 percent to a one-week high. Analysts said money was returning to commodity markets as investors realised the fundamentals that drove oil, gold and wheat

Published 28 Mar, 2008 12:00am

Cabinet Division clarification

Apropos a news item ''LC opened for purchase of costly helicopters'' carried by Business Recorder on Thursday, the Cabinet Division has clarified that the news item is not based on facts and is designed to malign the Caretaker Prime Minister, Moham

Published 28 Mar, 2008 12:00am

New York coffee futures lower

ICE arabica coffee futures settled down a shade on Wednesday, as light speculative selling provided some market pressure, traders said. "I think the ground for all these markets is still a little wobbly and that people are a little hesitant to commit full

Published 28 Mar, 2008 12:00am

Cabinet Division clarification

Apropos a news item 'LC opened for purchase of costly helicopters' carried by Business Recorder on Thursday, the Cabinet Division has clarified that the news item is not based on facts and is designed to malign the Caretaker Prime Minister, Mohamme

Published 28 Mar, 2008 12:00am

US copper maintains gains

US copper futures managed to hold on to their morning gains on Wednesday after data showing unexpectedly high February new US home sales gave red metal investors something to cheer about. Earlier, copper prices trimmed gains after data showed a surprise f

Published 28 Mar, 2008 12:00am

Cabinet Division clarification

Apropos a news item 'LC opened for purchase of costly helicopters' carried by Business Recorder on Thursday, the Cabinet Division has clarified that the news item is not based on facts and is designed to malign the Caretaker Prime Minister, Mohamme

Published 28 Mar, 2008 12:00am

Newmont Indonesia unit sees lower copper, gold output

US mining group Newmont Mining Corp said on Thursday that copper and gold output from its Indonesian unit may be lower this year because it is mining lower grade ores.

Published 28 Mar, 2008 12:00am

Some pressing business to attend to-I

Makhdomm Syed Yousuf Raza Gilani has taken oath of office alone, as even five weeks after the elections, the coalition partners do not appear to have reached consensus on the choice of cabinet colleagues for Gilani.

Published 28 Mar, 2008 12:00am

Indonesian crude palm oil eases

Indonesian crude palm oil softened on Thursday, taking its cue from an easing Malaysian market and slow demand. The state marketing centre in Jakarta sold crude palm oil at 9,225 rupiah ($1) per kg, down from 9,243 rupiah on Wednesday.

Published 28 Mar, 2008 12:00am

Some pressing business to attend to-I

Makhdomm Syed Yousuf Raza Gilani has taken oath of office alone, as even five weeks after the elections, the coalition partners do not appear to have reached consensus on the choice of cabinet colleagues for Gilani.

Published 28 Mar, 2008 12:00am

US gold up on weak dollar

US gold futures finished firmer near a one-week high on Wednesday, extending the previous session's rally on the back of a dollar slump and surging crude oil prices, but negative market sentiment could cap bullion's gains.

Published 28 Mar, 2008 12:00am

BRIndex30 gains 241.67 points

On Thursday, BRIndex30 opened in the positive zone at 16,568.36 with an upward gap of 62.09 points and remained there for whole of the trading time. It closed at 16,747.94 with a net positive change of 241.67 points and percentage change of 1.46. It recor

Published 28 Mar, 2008 12:00am

Gold hits one-week high

Gold jumped to a one-week high on Thursday as speculative buying picked up on a falling US dollar and surging crude oil, heightening the metal's appeal as a hedge against inflation. Gold hit a high of $954.50 an ounce before slipping to $945.60/946.40 an

Published 28 Mar, 2008 12:00am

BRIndex30 gains 241.67 points

On Thursday, BRIndex30 opened in the positive zone at 16,568.36 with an upward gap of 62.09 points and remained there for whole of the trading time. It closed at 16,747.94 with a net positive change of 241.67 points and percentage change of 1.46. It recor

Published 28 Mar, 2008 12:00am

Malaysian tin up

Malaysian tin rose 0.3 percent on Thursday, tracking overnight gains at the London Metal Exchange, one dealer said.

Published 28 Mar, 2008 12:00am

Stock market hits fresh high

The Karachi share market continued its upward trend hitting new highs as the KSE-100 index closed at new record level of 15,274.53 points with a fresh gain of 75.67 points on Thursday on the back of both institutional and foreign investor interest.

Published 28 Mar, 2008 12:00am

Chicago wheat rebounds

Chicago Board of Trade wheat futures rose more than one percent on Thursday in early Asian trade, rebounding from a sell-off the previous day amid concerns that US wheat was overpriced in global markets. News of Turkey's cancellation of a tender to buy 25

Published 28 Mar, 2008 12:00am

Stock market hits fresh high

The Karachi share market continued its upward trend hitting new highs as the KSE-100 index closed at new record level of 15,274.53 points with a fresh gain of 75.67 points on Thursday on the back of both institutional and foreign investor interest.

Published 28 Mar, 2008 12:00am

Oil above $106 on US crude data

Oil rose for a third straight session on Thursday to top $106 a barrel, bolstered by a weak dollar and US government data showing a larger-than-expected drop in fuel stocks. US light crude for May delivery rose 54 cents to $106.44 a barrel by 0434 GMT.

Published 28 Mar, 2008 12:00am

Stock market hits fresh high

The Karachi share market continued its upward trend hitting new highs as the KSE-100 index closed at new record level of 15,274.53 points with a fresh gain of 75.67 points on Thursday on the back of both institutional and foreign investor interest.

Published 28 Mar, 2008 12:00am

Indian soyoil drops

Indian soyoil futures fell on Thursday, tracking weakness in rival Malaysian palm oil and on expectations for a cut in duty on soyoil imports. At 3:03 pm (0933 GMT), the April contract was down 1.63 percent at 626 rupees ($15.6) per 10 kg, while the May f

Published 28 Mar, 2008 12:00am

Deposed Chief Justice meets Zardari to condole Benazir death

Deposed Chief Justice Iftikhar Mohammad Chaudhry on Thursday met Pakistan People's Party (PPP) co-chairman Asif Ali Zardari to condole last year's assassination of his spouse and former premier Benazir Bhutto.

Published 28 Mar, 2008 12:00am

New York sugar firmer

Raw sugar futures closed higher on Wednesday on buying by small investment funds and a lack of interest is seen keeping the market range-bound in the days ahead, brokers said. The ICE Futures May electronic sugar contract went up 0.10 cent to end at 12.24

Published 28 Mar, 2008 12:00am

Deposed Chief Justice meets Zardari to condole Benazir death

Deposed Chief Justice Iftikhar Mohammad Chaudhry on Thursday met Pakistan People's Party (PPP) co-chairman Asif Ali Zardari to condole last year's assassination of his spouse and former premier Benazir Bhutto.

Published 28 Mar, 2008 12:00am

Soya soars

US soybean prices soared on Wednesday as a two-week-old farm protest crippled exports from Argentina and switched some demand to the United States, helping the market recoup the steep losses of last week.

Published 28 Mar, 2008 12:00am

No intention to interfere with Pakistan's affairs: Negroponte

US Deputy Secretary of State John D. Negroponte has said that he has come to Pakistan according to scheduled programme and there is no hidden agenda to pursue. He was addressing a press conference at a local hotel at the conclusion of his visit to Pakista

Published 28 Mar, 2008 12:00am

US rice futures end mixed

US rough rice futures on the Chicago Board of Trade closed mixed on Wednesday after a volatile session, with old-crop months gaining on new-crop, traders said. May rice ended 18-1/2 cents higher at $19.22 per hundredweight, after climbing to $19.53.

Published 28 Mar, 2008 12:00am

Current account deficit soars to $8.4 billion

Country''s current account (CA) deficit climbed by some 44 percent to new peak level of 8.4 billion dollar during the July-February of current fiscal year due to the rising goods and services trade deficit.

Published 28 Mar, 2008 12:00am

India sells soymeal

Indian soymeal exporters have booked deals to sell more than 200,000 tonnes over the past week, extending sales well past the usual March drop-off in shipments, as Asian buyers rush to cover supplies lost due to a farmers' strike in Argentina.

Published 28 Mar, 2008 12:00am

Current account deficit soars to $8.4 billion

Country's current account (CA) deficit climbed by some 44 percent to new peak level of 8.4 billion dollar during the July-February of current fiscal year due to the rising goods and services trade deficit.

Published 28 Mar, 2008 12:00am

Malaysian palm oil falls

Malaysian crude palm oil futures fell almost 4 percent on Thursday as investors booked profit after this week's strong gains. But renewed fears of tight edible oil supplies following a strike by farmers in Argentina and the prospect of rising demand limit

Published 28 Mar, 2008 12:00am

Current account deficit soars to $8.4 billion

Country's current account (CA) deficit climbed by some 44 percent to new peak level of 8.4 billion dollar during the July-February of current fiscal year due to the rising goods and services trade deficit.

Published 28 Mar, 2008 12:00am

US senators tell Qadhafi of interest in gas and oil

A delegation of US senators told Libyan leader Moamer Qadhafi that US firms were keen to work in the North African country, particularly in gas, oil and infrastructure projects, Libyan news agency JANA said on Thursday.

Published 28 Mar, 2008 12:00am

Sino-Pak coal-fired power corporation proposed

Pakistan and China are likely to establish a joint power corporation, main objective of which is stated to be making arrangements for setting up coal-fired power plants using imported and domestic raw material, sources in Planning Commission told Busin

Published 28 Mar, 2008 12:00am

Asia-Pacific to grow at slower pace: UN

Economies in the Asia-Pacific region will moderate in 2008 due to a slowdown in the United States and the credit crunch, but expansion in the region's developing nations would still be robust, a UN panel said.
Published 28 Mar, 2008 12:00am

Sino-Pak coal-fired power corporation proposed

Pakistan and China are likely to establish a joint power corporation, main objective of which is stated to be making arrangements for setting up coal-fired power plants using imported and domestic raw material, sources in Planning Commission told Busin
Published 28 Mar, 2008 12:00am

UN agency ousts record number of 'cybersquatters'

The World Intellectual Property Organisation (WIPO) ousted a record number of "cybersquatters" from Web sites with domain names referring to trademarked companies, foundations and celebrities in 2007.
Published 28 Mar, 2008 12:00am

Sino-Pak coal-fired power corporation proposed

Pakistan and China are likely to establish a joint power corporation, main objective of which is stated to be making arrangements for setting up coal-fired power plants using imported and domestic raw material, sources in Planning Commission told Busin
Published 28 Mar, 2008 12:00am

Clear Channel wins ruling on $20 billion buyout

Clear Channel Communications Inc said on Thursday it had won a ruling from a Texas judge that may advance its efforts to force banks to finance a $20 billion buyout of the US radio operator. Six banks led by Citigroup Inc were to provide more than $22 bil
Published 28 Mar, 2008 12:00am

Rehman Malik appointed advisor to Prime Minister

Rehman Malik has been appointed as advisor to the Prime Minister on Interior and Narcotics with immediate effect. His status will be equal to the federal minister.
Published 28 Mar, 2008 12:00am

US profits fall, GDP growth unrevised

US corporate profits fell 3.3 percent in the fourth quarter of 2007, according to government data on Wednesday that also confirmed US economic growth slowed to a meagre annual pace of 0.6 percent in same period.
Published 28 Mar, 2008 12:00am

Rehman Malik appointed advisor to Prime Minister

Rehman Malik has been appointed as advisor to the Prime Minister on Interior and Narcotics with immediate effect. His status will be equal to the federal minister.
Published 28 Mar, 2008 12:00am

EIG announces $50 million property projects

Emirates Investment Group (EIG), a leading investment company, has announced 'Sana'a Terraces' and 'Sana'a East' as its maiden projects in Yemen, during a during a ceremony held together with the Yemeni Prime Minister, His Excellency, Dr Ali Mohamed Mujaw
Published 28 Mar, 2008 12:00am

Gilani chooses 22 ministers

Prime Minister Yousaf Raza Gilani has chosen senior ministers, who should be welcomed by businessmen and calm some US nerves over co-operation on counter terrorism, a source close to the incoming government said on Thursday.
Published 28 Mar, 2008 12:00am

Germany scraps Munich Transrapid as cost spirals

Germany has ditched plans to build a flagship high-speed rail link between the Bavarian capital Munich and its airport because of ballooning costs, Transport Minister Wolfgang Tiefensee said on Thursday.
Published 28 Mar, 2008 12:00am

US rejects new government intended talks with militants

A senior US official on Thursday opposed the new government's intended talks with pro-Taliban militants who have launched a series of suicide attacks on security forces in recent months. "I don't see how you can talk to those kind of people," said US Depu
Published 28 Mar, 2008 12:00am

US Democrats urge Bush hike pressure on yuan

Democrats in the US House of Representatives urged President George W. Bush on Thursday to take more aggressive action to pressure China to raise the value of its currency and also to host an international meeting to rebalance exchange rates.
Published 28 Mar, 2008 12:00am

US rejects new government intended talks with militants

A senior US official on Thursday opposed the new government's intended talks with pro-Taliban militants who have launched a series of suicide attacks on security forces in recent months. "I don't see how you can talk to those kind of people," said US Depu
Published 28 Mar, 2008 12:00am

Airbus ends some site sale talks, blames euro

European aircraft maker Airbus has ended talks on the sale of three of its German sites to a consortium, it said on Thursday, blaming the strong euro for complicating the process.
Published 28 Mar, 2008 12:00am

Contingency plan to ensure availability of currency in war

The government is chalking out a contingency plan to ensure availability of coins and currency notes and their safe transportation in an event of emergency or war for which there is a proposal to increase the storage capacity of National Bank of Pakistan'
Published 28 Mar, 2008 12:00am

Lennar posts smaller-than expected loss

Lennar Corp reported a quarterly loss on Thursday as deliveries of new homes and new orders tumbled, but shares of the No 2 US home builder rose because the results were not as bad as analysts had expected.
Published 28 Mar, 2008 12:00am

Contingency plan to ensure availability of currency in war

The government is chalking out a contingency plan to ensure availability of coins and currency notes and their safe transportation in an event of emergency or war for which there is a proposal to increase the storage capacity of National Bank of Pakistan'
Published 28 Mar, 2008 12:00am

Lennar posts smaller-than expected loss

Lennar Corp reported a quarterly loss on Thursday as deliveries of new homes and new orders tumbled, but shares of the No 2 US home builder rose because the results were not as bad as analysts had expected.
Published 28 Mar, 2008 12:00am

Contingency plan to ensure availability of currency in war

The government is chalking out a contingency plan to ensure availability of coins and currency notes and their safe transportation in an event of emergency or war for which there is a proposal to increase the storage capacity of National Bank of Pakistan'
Published 28 Mar, 2008 12:00am

Iceland central bank lifts key interest rate

Iceland's central bank said Tuesday it had raised its benchmark interest rate by 1.25 points to 15 percent to counter stronger than expected inflationary pressures. "Inflation has been higher than forecast and inflation expectations have risen," the centr
Published 28 Mar, 2008 12:00am

Icahn sues Motorola to get access to documents

Activist investor Carl Icahn said he is suing Motorola Inc to force it to hand over documents related to its loss-making mobile devices business to determine if its board failed in its duties.
Published 28 Mar, 2008 12:00am

Italian farm minister hits back in buffalo cheese trade row: media

Italy's agriculture minister criticised a South Korean ban on his country's famed buffalo mozzarella as excessive in a trade row over raised dioxin levels, the Italian press reported Tuesday.
Published 28 Mar, 2008 12:00am

German union threatens public sector strike over pay'

German public sector workers should consider resuming strikes after mediators proposed a pay hike that fell short of demands, a union leader said on Thursday. Strikes earlier this month disrupted hospitals and kindergartens, and crippled transport in Germ
Published 28 Mar, 2008 12:00am

Tullow set for new Uganda drilling, reserves

Tullow Oil next month plans to start new drilling operations in Uganda, where its sees potential for up to two billion barrels from its concessions, an executive said on Wednesday.
Published 28 Mar, 2008 12:00am

Orascom seeks Swiss listing, may issue stock

Egypt's Orascom Hotels and Development said it would seek to list its shares in Switzerland, where its owner Samih Sawiris is planning to build a spectacular Alpine hotel resort.
Published 28 Mar, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 8	277.83
USD PKR Interbank Buying / Nov 8	277.63
USD to Japanese Yen / Nov 8	152.75
USD to Swiss Franc / Nov 8	0.87
Pound Sterling to USD / Nov 8	1.30
Euro to USD / Nov 8	1.08

Stock	Volume
S&P 500 / Nov 7	5,973.10
Nasdaq / Nov 7	19,269.46
Dow Jones / Nov 7	43,729.34
India Sensex / Nov 8	79,425.88
Tokyo Nikkei / Nov 8	39,500.37
Hang Seng / Nov 8	20,820.36
FTSE 100 / Nov 8	8,143.78
Germany DAX 30 / Nov 8	19,353.61

Item	Value
Petrol/Litre / Nov 8	248.38
Crude Oil USD/Barrel / Nov 8	71.72
Karachi Cotton PKR/37.32 KG / Nov 8	18,285
Gold 10 Grams PKR / Nov 8	239,026
Gold Spot USD/Ounce / Nov 8	2,685.16
Diesel/Litre / Nov 8	255.14

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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