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Print - 2008-04-11
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
India to attend IPI gas line meeting in Islamabad

India to attend IPI gas line meeting in Islamabad

New Delhi has positively responded to Pakistan's call to rejoin the tripartite, India-Pakistan-Iran (IPI) gas line project, confirming participation of its Oil minister in ministerial meeting, scheduled for April 23 in Islamabad.
Published 11 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
Retired civil, army officials' re-employment terminated

Retired civil, army officials' re-employment terminated

The Punjab government on Thursday terminated re-employment of retired officers and officials from civil, army and police in all autonomous bodies, attached departments and field units with immediate effect.
Published 11 Apr, 2008 12:00am
Retired civil, army officials' re-employment terminated

Retired civil, army officials' re-employment terminated

The Punjab government on Thursday terminated re-employment of retired officers and officials from civil, army and police in all autonomous bodies, attached departments and field units with immediate effect.
Published 11 Apr, 2008 12:00am
Pakistan''s foreign exchange reserves stand at $13,133.5 million

Pakistan''s foreign exchange reserves stand at $13,133.5 million

The total liquid foreign reserves on April 5, stood at 13,133.5 million dollars. According to State Bank of Pakistan, foreign reserves, held by the SBP, were 10,990.7 million dollars, while net foreign reserves, held by banks other than SBP, were 2,142.8
Published 11 Apr, 2008 12:00am
Pakistan's foreign exchange reserves stand at $13,133.5 million

Pakistan's foreign exchange reserves stand at $13,133.5 million

The total liquid foreign reserves on April 5, stood at 13,133.5 million dollars. According to State Bank of Pakistan, foreign reserves, held by the SBP, were 10,990.7 million dollars, while net foreign reserves, held by banks other than SBP, were 2,142.8
Published 11 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
Pakistan's foreign exchange reserves stand at $13,133.5 million

Pakistan's foreign exchange reserves stand at $13,133.5 million

The total liquid foreign reserves on April 5, stood at 13,133.5 million dollars. According to State Bank of Pakistan, foreign reserves, held by the SBP, were 10,990.7 million dollars, while net foreign reserves, held by banks other than SBP, were 2,142.8
Published 11 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
FTSE sees Pakistan exchange staying in global indices

FTSE sees Pakistan exchange staying in global indices

Index compiler FTSE said on Thursday the prospects were better for Pakistan, rated "secondary emerging," but flagged last year as in danger of dropping out of the FTSE Global Index Series altogether.
Published 11 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
FTSE sees Pakistan exchange staying in global indices

FTSE sees Pakistan exchange staying in global indices

Index compiler FTSE said on Thursday the prospects were better for Pakistan, rated "secondary emerging," but flagged last year as in danger of dropping out of the FTSE Global Index Series altogether.
Published 11 Apr, 2008 12:00am
FTSE sees Pakistan exchange staying in global indices

FTSE sees Pakistan exchange staying in global indices

Index compiler FTSE said on Thursday the prospects were better for Pakistan, rated "secondary emerging," but flagged last year as in danger of dropping out of the FTSE Global Index Series altogether.
Published 11 Apr, 2008 12:00am
Eight women among 10 killed in accident

Eight women among 10 killed in accident

Ten persons including eight women died and 22 others injured in a head-on collision between a bus and a dumper-truck here on Thursday. As per details, an extended family of Korangi, Karachi, was going to visit Shah Yaqeeq shrine in a bus (JB587) when it c
Published 11 Apr, 2008 12:00am
Costly food fans poverty across poor nations: study

Costly food fans poverty across poor nations: study

The surge in global food prices has impacted developing countries in different ways, depending on whether they are net importers or exporters of food, but the trend has increased poverty across the board, World Bank economists found in a new study.
Published 11 Apr, 2008 12:00am
Costly food fans poverty across poor nations: study

Costly food fans poverty across poor nations: study

The surge in global food prices has impacted developing countries in different ways, depending on whether they are net importers or exporters of food, but the trend has increased poverty across the board, World Bank economists found in a new study.
Published 11 Apr, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
Costly food fans poverty across poor nations: study

Costly food fans poverty across poor nations: study

The surge in global food prices has impacted developing countries in different ways, depending on whether they are net importers or exporters of food, but the trend has increased poverty across the board, World Bank economists found in a new study.
Published 11 Apr, 2008 12:00am
Police and Rangers deployed in Karachi

Police and Rangers deployed in Karachi

Government deployed paramilitary troops and police in Karachi on Thursday, a day after violence. Authorities warned of "extreme action" to prevent further bloodshed in the wake of the worst violence to hit the country since a new government won elections
Published 11 Apr, 2008 12:00am
Indonesian central bank chief detained in graft case

Indonesian central bank chief detained in graft case

Indonesia''s anti-graft agency detained outgoing central bank governor Burhanuddin Abdullah over a graft case on Thursday, the agency said, the latest twist in a high-profile case that has hit morale at the battered bank.
Published 11 Apr, 2008 12:00am
Indonesian central bank chief detained in graft case

Indonesian central bank chief detained in graft case

Indonesia's anti-graft agency detained outgoing central bank governor Burhanuddin Abdullah over a graft case on Thursday, the agency said, the latest twist in a high-profile case that has hit morale at the battered bank.
Published 11 Apr, 2008 12:00am
Indonesian central bank chief detained in graft case

Indonesian central bank chief detained in graft case

Indonesia's anti-graft agency detained outgoing central bank governor Burhanuddin Abdullah over a graft case on Thursday, the agency said, the latest twist in a high-profile case that has hit morale at the battered bank.
Published 11 Apr, 2008 12:00am
ISE equities suffer losses

ISE equities suffer losses

Equities continued to show negative signs at the Islamabad Stock Exchange (ISE) where bears dominated the proceedings amid decrease in index. ISE-10 Index was down by 13.33 points, as it moved from 3,269.19 to 3,255.86 points. The overall turnover stood a
Published 11 Apr, 2008 12:00am
ISE equities suffer losses

ISE equities suffer losses

Equities continued to show negative signs at the Islamabad Stock Exchange (ISE) where bears dominated the proceedings amid decrease in index. ISE-10 Index was down by 13.33 points, as it moved from 3,269.19 to 3,255.86 points. The overall turnover stood a
Published 11 Apr, 2008 12:00am
Selling pressure grips LSE

Selling pressure grips LSE

Share prices have undergone pressure and received more losses following a string of rumours about a possible decision by the government to levy capital gain tax on stock business. Selling pressure gripped the market and it mostly remained in the negative
Published 11 Apr, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
Selling pressure grips LSE

Selling pressure grips LSE

Share prices have undergone pressure and received more losses following a string of rumours about a possible decision by the government to levy capital gain tax on stock business. Selling pressure gripped the market and it mostly remained in the negative
Published 11 Apr, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 10, 2008).
Published 11 Apr, 2008 12:00am
Eight killed in gas explosion

Eight killed in gas explosion

A gas explosion left eight people dead and 20 others injured in a scrap metal godown in Misri Shah on Thursday. The dead were identified as Muhammad Saleem, Rashid, Abdul Gafoor, Awais, Khalil and godown owner Raja Amir. The bodies of two others are beyon
Published 11 Apr, 2008 12:00am
Eight killed in gas explosion

Eight killed in gas explosion

A gas explosion left eight people dead and 20 others injured in a scrap metal godown in Misri Shah on Thursday. The dead were identified as Muhammad Saleem, Rashid, Abdul Gafoor, Awais, Khalil and godown owner Raja Amir. The bodies of two others are beyon
Published 11 Apr, 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 Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
ADB proposes further increase in power tariff

ADB proposes further increase in power tariff

The Asian Development Bank (ADB) has proposed to the government a further increase in electricity tariff, for using it as an energy conservation tool, besides generating additional revenue. The current tariff structure for domestic consumers consists of m
Published 11 Apr, 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 Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
ADB proposes further increase in power tariff

ADB proposes further increase in power tariff

The Asian Development Bank (ADB) has proposed to the government a further increase in electricity tariff, for using it as an energy conservation tool, besides generating additional revenue. The current tariff structure for domestic consumers consists of m
Published 11 Apr, 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 Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
ADB proposes further increase in power tariff

ADB proposes further increase in power tariff

The Asian Development Bank (ADB) has proposed to the government a further increase in electricity tariff, for using it as an energy conservation tool, besides generating additional revenue. The current tariff structure for domestic consumers consists of m
Published 11 Apr, 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 Thursday (April 10, 2008).

Published 11 Apr, 2008 12:00am
Filing of monthly WHT statement date changed

Filing of monthly WHT statement date changed

The government has changed the date for filing of monthly withholding tax statement from 15th to 10th of each month. The FBR has amended Income Tax Rules, 2002 through a notification issued on Thursday.
Published 11 Apr, 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 11 Apr, 2008 12:00am
Filing of monthly WHT statement date changed

Filing of monthly WHT statement date changed

The government has changed the date for filing of monthly withholding tax statement from 15th to 10th of each month. The FBR has amended Income Tax Rules, 2002 through a notification issued on Thursday.
Published 11 Apr, 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 11 Apr, 2008 12:00am
Filing of monthly WHT statement date changed

Filing of monthly WHT statement date changed

The government has changed the date for filing of monthly withholding tax statement from 15th to 10th of each month. The FBR has amended Income Tax Rules, 2002 through a notification issued on Thursday.
Published 11 Apr, 2008 12:00am
Filing of monthly WHT statement date changed

Filing of monthly WHT statement date changed

The government has changed the date for filing of monthly withholding tax statement from 15th to 10th of each month. The FBR has amended Income Tax Rules, 2002 through a notification issued on Thursday.
Published 11 Apr, 2008 12:00am
New York cotton

New York cotton

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

Published 11 Apr, 2008 12:00am
New York cotton

New York cotton

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

Published 11 Apr, 2008 12:00am
Make do with our own resources - I

Make do with our own resources - I

Self-reliance is a great virtue and sustains individuals through major trials and tribulations. Nations too, who depend on themselves can achieve greatness. China is a living example of this axiom. We in Pakistan have landed ourselves in such dire straits
Published 11 Apr, 2008 12:00am
Make do with our own resources - I

Make do with our own resources - I

Self-reliance is a great virtue and sustains individuals through major trials and tribulations. Nations too, who depend on themselves can achieve greatness. China is a living example of this axiom. We in Pakistan have landed ourselves in such dire straits
Published 11 Apr, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 53,199 tonnes cargo including 22,831 tonnes import, 30,368 tonnes export cargo and 3,623 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 52,199 tonnes dry cargo including 39,430 tonn
Published 11 Apr, 2008 12:00am
ICO sees global coffee demand up

ICO sees global coffee demand up

The International Coffee Organisation (ICO) sees global coffee demand exceeding 125 million 60-kg bags in 2008, up from around 123 million in 2007. "For 2007 world consumption has been estimated at around 123 million bags," according to the latest monthly
Published 11 Apr, 2008 12:00am
FOB Gulf soya offers higher, corn steady to lower

FOB Gulf soya offers higher, corn steady to lower

US FOB Gulf soyabean offers were steady to higher on Wednesday due to some export demand and slow grain movement limiting new sales to May shipment and beyond, traders said. Corn basis offers were steady to lower, pressured by corn futures at the Chicago
Published 11 Apr, 2008 12:00am
BRIndex30 down 155.29 points

BRIndex30 down 155.29 points

On Thursday, opened at 16,963.02. It closed at 16,799.09 with a net negative change of -155.29 points and percentage change of -0.92. It recorded intra-day high of 17,010.39 and intra-day low of 16,588.45. The volume amounted to 230,126,200, which was 75.
Published 11 Apr, 2008 12:00am
Irri, basmati rates sharply rise on grain market

Irri, basmati rates sharply rise on grain market

Upward trend persisted on the grain market on Thursday as rice and wheat prices failed to resist further rise, dealers said. On the rice sector, Irri-9 Punjab gained Rs 300 to Rs 4400-4500, Basmati/D-98 Shahadadkot followed suit and gained Rs 200 to Rs 50
Published 11 Apr, 2008 12:00am
BRIndex30 down 155.29 points

BRIndex30 down 155.29 points

On Thursday, opened at 16,963.02. It closed at 16,799.09 with a net negative change of -155.29 points and percentage change of -0.92. It recorded intra-day high of 17,010.39 and intra-day low of 16,588.45. The volume amounted to 230,126,200, which was 75.
Published 11 Apr, 2008 12:00am
US Midwest corn mostly weak; interior soya steady

US Midwest corn mostly weak; interior soya steady

Spot basis bids for corn were mostly steady to weak on Wednesday while interior soyabean bids held steady around the US Midwest, grain dealers said. Farmers booked light sales of both commodities after a futures market rally pushed cash prices higher. Cor
Published 11 Apr, 2008 12:00am
Selling pressure grips KSE

Selling pressure grips KSE

The Karachi share market witnessed heavy selling pressure on Thursday due to uncertainty on political front and law and order situation and the KSE-100 index hit 15,178.67 points intra-day low level down by 225.50 points.
Published 11 Apr, 2008 12:00am
US wheat futures end mixed

US wheat futures end mixed

US wheat futures closed mixed in choppy trade on Wednesday, with Chicago Board of Trade soft red winter wheat losing ground to the hard wheat markets in Kansas City and Minneapolis, traders said. The US Department of Agriculture's April supply/demand repo
Published 11 Apr, 2008 12:00am
Selling pressure grips KSE

Selling pressure grips KSE

The Karachi share market witnessed heavy selling pressure on Thursday due to uncertainty on political front and law and order situation and the KSE-100 index hit 15,178.67 points intra-day low level down by 225.50 points.
Published 11 Apr, 2008 12:00am
Canadian canola surges

Canadian canola surges

Canadian canola futures rallied on Wednesday after US soya spiked up its daily limit on concerns Argentine farmers could again strike and as crude oil futures hit a record high, traders said. "We're just along for the ride, here," a trader said.
Published 11 Apr, 2008 12:00am
Selling pressure grips KSE

Selling pressure grips KSE

The Karachi share market witnessed heavy selling pressure on Thursday due to uncertainty on political front and law and order situation and the KSE-100 index hit 15,178.67 points intra-day low level down by 225.50 points.
Published 11 Apr, 2008 12:00am
Oil cake market rates

Oil cake market rates

Dullness prevailed on the forward cottonseed oilcake market as buyers remained on the sidelines due to lack of buying interest, dealers said. The May vaida opened at Rs 773.00 and closed with rupee one loss at 772.00 without show any gain for the day's be
Published 11 Apr, 2008 12:00am
PIA told to prepare three alternative business plans

PIA told to prepare three alternative business plans

The finance ministry has directed the cash-strapped national flag carrier, the Pakistan International Airlines (PIA), to prepare three alternative business plans to pull it out of the present financial constraints, official sources told Business Record
Published 11 Apr, 2008 12:00am
Spot rate raised to Rs 3,325 on cotton market

Spot rate raised to Rs 3,325 on cotton market

Rising demand by the mills pushed the official spot rate higher on the cotton market on Thursday, some brokers said. The Karachi Cotton Association (KCA) official spot rate, after maintaining a stable trend for nearly three-four weeks, raised by Rs 25 to
Published 11 Apr, 2008 12:00am
PIA told to prepare three alternative business plans

PIA told to prepare three alternative business plans

The finance ministry has directed the cash-strapped national flag carrier, the Pakistan International Airlines (PIA), to prepare three alternative business plans to pull it out of the present financial constraints, official sources told Business Record
Published 11 Apr, 2008 12:00am
Firm appearance on cotton market

Firm appearance on cotton market

With dwindling stocks of unsold cotton from the current crop (2007-08) remaining in the hands of the ginners now getting lower, cotton prices, particularly for the better quality of lint, crawled upward this week.
Published 11 Apr, 2008 12:00am
PIA told to prepare three alternative business plans

PIA told to prepare three alternative business plans

The finance ministry has directed the cash-strapped national flag carrier, the Pakistan International Airlines (PIA), to prepare three alternative business plans to pull it out of the present financial constraints, official sources told Business Record
Published 11 Apr, 2008 12:00am
Firm appearance on cotton market

Firm appearance on cotton market

With dwindling stocks of unsold cotton from the current crop (2007-08) remaining in the hands of the ginners now getting lower, cotton prices, particularly for the better quality of lint, crawled upward this week.
Published 11 Apr, 2008 12:00am
SBP issues regulations for CFS financing

SBP issues regulations for CFS financing

The CFS financing shall be provided by Banks/DFIs only against Continuous Funding System (CFS) approved securities through National Clearing Company of Pakistan Limited (NCCPL) only.
Published 11 Apr, 2008 12:00am