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Sep 01, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-04-25
Gold barely changed near three-week low in Asia

Gold barely changed near three-week low in Asia

Gold barely moved on Thursday and held near a 3-week low after the dollar bounced against the euro, prompting investors to liquidate some of their holdings. Gold was at $905.75/906.75 an ounce, hardly changed from $905.50/906.70 an ounce late in New York
Published 25 Apr, 2008 12:00am
Grain users demand action on CBoT price convergence

Grain users demand action on CBoT price convergence

A growing discrepancy between US grain futures and cash prices must be corrected to help buffer exposure to volatile markets by exporters, processors and farmers, grain industry experts said on Tuesday.
Published 25 Apr, 2008 12:00am
Stock market stays bearish

Stock market stays bearish

The Karachi share market witnessed bearish trend on fourth consecutive day and the KSE-100 index lost another 165.24 points to close at 15,304.90 on Thursday, due to heavy selling pressure in the rollover week. On the other hand, the KSE-30 index declined
Published 25 Apr, 2008 12:00am
Malaysia tin soars

Malaysia tin soars

Malaysian tin climbed 6.3 percent to strike another record high at $24,450 per tonne on Thursday due to record London Metal Exchange prices and surging demand, one dealer said.
Published 25 Apr, 2008 12:00am
Stock market stays bearish

Stock market stays bearish

The Karachi share market witnessed bearish trend on fourth consecutive day and the KSE-100 index lost another 165.24 points to close at 15,304.90 on Thursday, due to heavy selling pressure in the rollover week. On the other hand, the KSE-30 index declined
Published 25 Apr, 2008 12:00am
Shanghai copper steady

Shanghai copper steady

Shanghai copper futures were steady on Thursday after London futures balked at setting new highs in the previous session when gains in the dollar overcame concerns about supplies. The July copper contract, the most active on the Shanghai Futures Exchange,
Published 25 Apr, 2008 12:00am
Stock market stays bearish

Stock market stays bearish

The Karachi share market witnessed bearish trend on fourth consecutive day and the KSE-100 index lost another 165.24 points to close at 15,304.90 on Thursday, due to heavy selling pressure in the rollover week. On the other hand, the KSE-30 index declined
Published 25 Apr, 2008 12:00am
Copper easier in New York

Copper easier in New York

US copper futures at the New York Mercantile Exchange's Comex division ended lower on Wednesday as a firmer US dollar and a potential resolution to a week-long strike at Chile's Codelco encouraged some investors to cash in, brokers and analysts said.
Published 25 Apr, 2008 12:00am
10 percent concession in duty on import of CKD kits allowed

10 percent concession in duty on import of CKD kits allowed

The Federal Board of Revenue (FBR) has allowed concessionary rate of 10 percent customs duty on the import of completely knock down (CKD) kits used in the manufacture of agriculture diesel engines (single cylinder) upto 3-36 HP. The board has issued SRO.3
Published 25 Apr, 2008 12:00am
US gold futures down

US gold futures down

Gold futures on the Comex division of the New York Mercantile Exchange ended nearly 2 percent lower on Wednesday, briefly dropping below $900 an ounce as the dollar bounced higher, triggering nervous long liquidation.
Published 25 Apr, 2008 12:00am
10 percent concession in duty on import of CKD kits allowed

10 percent concession in duty on import of CKD kits allowed

The Federal Board of Revenue (FBR) has allowed concessionary rate of 10 percent customs duty on the import of completely knock down (CKD) kits used in the manufacture of agriculture diesel engines (single cylinder) upto 3-36 HP. The board has issued SRO.3
Published 25 Apr, 2008 12:00am
BRIndex30 down 236.05 points

BRIndex30 down 236.05 points

On Thursday, BRIndex30 opened at 16,935.30 with an upward gap of 41.95 points. It closed at 16,657.30 with a net negative change of -236.05 points and percentage change of -1.40. It experienced intra-day high of 16,958.47 and intra-day low of 16,626.54.
Published 25 Apr, 2008 12:00am
10 percent concession in duty on import of CKD kits allowed

10 percent concession in duty on import of CKD kits allowed

The Federal Board of Revenue (FBR) has allowed concessionary rate of 10 percent customs duty on the import of completely knock down (CKD) kits used in the manufacture of agriculture diesel engines (single cylinder) upto 3-36 HP. The board has issued SRO.3
Published 25 Apr, 2008 12:00am
Malaysia ordered 480,000 tonnes Thai rice

Malaysia ordered 480,000 tonnes Thai rice

Malaysia will urge Thailand to fill its orders for 480,000 tonnes of rice this year when the prime ministers of the two nations meet for talks on Thursday, Malaysia's foreign minister said. Asian nations are battling inflation and food security concerns c
Published 25 Apr, 2008 12:00am
10 percent concession in duty on import of CKD kits allowed

10 percent concession in duty on import of CKD kits allowed

The Federal Board of Revenue (FBR) has allowed concessionary rate of 10 percent customs duty on the import of completely knock down (CKD) kits used in the manufacture of agriculture diesel engines (single cylinder) upto 3-36 HP. The board has issued SRO.3
Published 25 Apr, 2008 12:00am
Oil below $118 on dollar recovery

Oil below $118 on dollar recovery

Oil slipped below $118 a barrel on Thursday, as a stronger dollar triggered selling and traders focused on a build in US crude stockpiles.US light crude for June delivery fell 40 cents a barrel to $117.90 a barrel, after gaining 23 cents in New York on We
Published 25 Apr, 2008 12:00am
Wheat financing only to functional flour mills: SBP

Wheat financing only to functional flour mills: SBP

In order to discourage wheat hoarding, the banks have been directed to provide financing only to functional flour mills for procurement of wheat during 2008 season, the State Bank of Pakistan said on Thursday.
Published 25 Apr, 2008 12:00am
US rice futures notch record top above $24

US rice futures notch record top above $24

US rough rice futures on the Chicago Board of Trade soared to an all-time high above $24 on Wednesday as fears about the world's supply of rice triggered panic buying in futures and cash physical markets, traders said. May rice ended 61 cents higher at $2
Published 25 Apr, 2008 12:00am
Wheat financing only to functional flour mills: SBP

Wheat financing only to functional flour mills: SBP

In order to discourage wheat hoarding, the banks have been directed to provide financing only to functional flour mills for procurement of wheat during 2008 season, the State Bank of Pakistan said on Thursday.
Published 25 Apr, 2008 12:00am
Farmers fleeing ancient centre of Philippine rice

Farmers fleeing ancient centre of Philippine rice

As the Philippines grapples with its worst food crisis in years, many farmers in its cradle of rice cultivation are abandoning farming for more lucrative trades. Lambuyong Burnag, a 70-year old tribal farmer, now poses for tourists' pictures in his multi-
Published 25 Apr, 2008 12:00am
Wheat financing only to functional flour mills: SBP

Wheat financing only to functional flour mills: SBP

In order to discourage wheat hoarding, the banks have been directed to provide financing only to functional flour mills for procurement of wheat during 2008 season, the State Bank of Pakistan said on Thursday.
Published 25 Apr, 2008 12:00am
ISE index loses 32.29 points

ISE index loses 32.29 points

Fresh bearish assault moved the entire ready-board in downward direction at the Islamabad Stock Exchange (ISE) where equities showed negative signs amid decrease in index. ISE-10 Index showed a decrease of 32.29 points, as it moved from 3,305.16 to 3,272.
Published 25 Apr, 2008 12:00am
FOB Gulf corn and soya offers hold mostly steady

FOB Gulf corn and soya offers hold mostly steady

US FOB Gulf corn and soyabean basis offers held mostly steady on Wednesday amid little fresh export demand but heavy line-ups of vessels for loading of previous sales, traders said. Wheat values held steady amid talk that Iraq might issue another wheat te
Published 25 Apr, 2008 12:00am
Motorola loss widens

Motorola loss widens

Motorola Inc said on Thursday its quarterly loss widened on disappointing cell phone sales, signalling further market share losses to Nokia and other rivals. sending shares down about 4 percent in early trading. The company also missed Wall Street estimat
Published 25 Apr, 2008 12:00am
Wheat prices fall for second day in a row

Wheat prices fall for second day in a row

When the prices of all commodity items were going up in the whole world, wheat prices fell in the local market for the second day, some brokers said at the grain market on Thursday. Other feature of the day was in line with the other commodities, the suga
Published 25 Apr, 2008 12:00am
Motorola loss widens

Motorola loss widens

Motorola Inc said on Thursday its quarterly loss widened on disappointing cell phone sales, signalling further market share losses to Nokia and other rivals. sending shares down about 4 percent in early trading. The company also missed Wall Street estimat
Published 25 Apr, 2008 12:00am
US corn futures down

US corn futures down

US corn futures closed lower on Wednesday amid profit-taking after the strong rally on Tuesday, traders said.Improved corn planting weather in US Midwest added pressure, along with spillover weakness from wheat. Corn closed 6 cents to 9-1/2 cents lower, w
Published 25 Apr, 2008 12:00am
Afghan assembly wants tax lifted on food imports

Afghan assembly wants tax lifted on food imports

Faced with rising food prices that have seen protesters take to the streets, Afghanistan's lower house of parliament on Thursday demanded the removal of all taxes on food imports. In an special session, parliament said the government had not done enough t
Published 25 Apr, 2008 12:00am
Thai rice climbs to new record

Thai rice climbs to new record

Benchmark Thai rice prices leapt more than 5 percent to a record high above $1,000 a tonne on Thursday, and traders in the world's top exporter warned of further gains if buyers Iran and Indonesia step into the market.
Published 25 Apr, 2008 12:00am
Alitalia rescue plan hits EU turbulence

Alitalia rescue plan hits EU turbulence

The European Commission voiced concern Thursday about Italian plans for a bailout of Alitalia, raising the prospect that EU regulators might block a vital state loan to the ailing airline. "We have doubts about the nature of the measures and we want to ha
Published 25 Apr, 2008 12:00am
Oil cake market rates

Oil cake market rates

Declining trend was seen on the forward cottonseed oilcake market on Thursday in process of trading, dealers said.The May vaida commenced unchanged at Rs 781.00, during the day it was quoted at Rs 780.00 to be day's best and closing was seen at the same l
Published 25 Apr, 2008 12:00am
New York sugar softens

New York sugar softens

Raw sugar futures ended easier on Wednesday on investor sales following losses in the crude complex, with brokers saying the market's direction depends heavily on what happens in other commodity markets. Crude prices slid one day after surging to a record
Published 25 Apr, 2008 12:00am
Rising prices keep buyers at bay on cotton market

Rising prices keep buyers at bay on cotton market

Wait-and-see condition prevailed on the cotton market on Thursday as mills adopted the cautious attitude due to higher trend in the prices, they said.The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3300, they said.
Published 25 Apr, 2008 12:00am
ISE index loses 32.29 points

ISE index loses 32.29 points

Fresh bearish assault moved the entire ready-board in downward direction at the Islamabad Stock Exchange (ISE) where equities showed negative signs amid decrease in index. ISE-10 Index showed a decrease of 32.29 points, as it moved from 3,305.16 to 3,272.
Published 25 Apr, 2008 12:00am
Tardy trading on cotton market

Tardy trading on cotton market

Despite anticipation that offtake of leftover cotton (2007-08) would be brisk trading has remained somewhat slower than expected. Thus the ginners could still be holding anywhere from 400,000 to 500,000 bales of unsold cotton with them.
Published 25 Apr, 2008 12:00am
LSE extends overnight losses

LSE extends overnight losses

The share market on Thursday extended overnight losses as selling pressure intensified mainly because of what analysts say political reasons and future settlement problems. The LSE-25 Index closed at 4,717.70 points against 4,760.48, depicting a fresh fal
Published 25 Apr, 2008 12:00am
Tardy trading on cotton market

Tardy trading on cotton market

Despite anticipation that offtake of leftover cotton (2007-08) would be brisk trading has remained somewhat slower than expected. Thus the ginners could still be holding anywhere from 400,000 to 500,000 bales of unsold cotton with them.
Published 25 Apr, 2008 12:00am
LSE extends overnight losses

LSE extends overnight losses

The share market on Thursday extended overnight losses as selling pressure intensified mainly because of what analysts say political reasons and future settlement problems. The LSE-25 Index closed at 4,717.70 points against 4,760.48, depicting a fresh fal
Published 25 Apr, 2008 12:00am
New York cocoa settles at five-week high

New York cocoa settles at five-week high

US cocoa futures settled at a five-week high for the second straight day on Wednesday, buoyed by fund and manufacturer buying while quality concern about top producer Ivory Coast's mid-crop continued to underpin the market, traders said.
Published 25 Apr, 2008 12:00am
BRIndex30 down 236.05 points

BRIndex30 down 236.05 points

On Thursday, BRIndex30 opened at 16,935.30 with an upward gap of 41.95 points. It closed at 16,657.30 with a net negative change of -236.05 points and percentage change of -1.40. It experienced intra-day high of 16,958.47 and intra-day low of 16,626.54.
Published 25 Apr, 2008 12:00am
New York coffee down

New York coffee down

Arabica coffee futures on ICE settled quietly lower on Wednesday in light dealings and range-bound movement, pressured by the strong dollar while position rolling boosted volume, traders said."London was down a lot so we just traded down in sympathy. I th
Published 25 Apr, 2008 12:00am
APCMA headquarters raided, output data recovered

APCMA headquarters raided, output data recovered

The Competition Commission of Pakistan raided the headquarters of All Pakistan Cement Manufacturers Association (APCMA), Lahore and recovered valuable record including computers, giving accurate data on cement production.
Published 25 Apr, 2008 12:00am
Apple posts 36 percent rise in first quarter profit

Apple posts 36 percent rise in first quarter profit

Apple Inc on Wednesday posted a 36 percent rise in quarterly profit, helped by strong sales of Macintosh computers and iPods, but its lower profit margin and cautious outlook disappointed investors. Chief Financial Officer Peter Oppenheimer also told Reut
Published 25 Apr, 2008 12:00am
PepsiCo reports higher profit

PepsiCo reports higher profit

PepsiCo Inc said on Thursday quarterly profit rose 5 percent, as strong international results offset weakness in North America related to the weak economy.
Published 25 Apr, 2008 12:00am
'Businessmen can enhance trade by using internet, email'

'Businessmen can enhance trade by using internet, email'

Industrial Information Network (IIN), Project Director, Salman Khalid has said that business community has tremendous opportunity to enhance business by offering their products and services globally using the Internet and e-mail.
Published 25 Apr, 2008 12:00am
PepsiCo reports higher profit

PepsiCo reports higher profit

PepsiCo Inc said on Thursday quarterly profit rose 5 percent, as strong international results offset weakness in North America related to the weak economy.
Published 25 Apr, 2008 12:00am
Sindh university's own CNG station soon

Sindh university's own CNG station soon

Sindh University (SU) has planned to set up its own CNG station at new campus Jamshoro to facilitate University's vehicles. In this connection, Vice Chancellor University of Sindh, Mazharul Haq Siddiqui on Thursday performed foundation stone laying at the
Published 25 Apr, 2008 12:00am
Germany leads drop in eurozone business sentiment

Germany leads drop in eurozone business sentiment

German and French business morale fell sharply in April, depressed by a cocktail of high oil prices, a strong euro and market turmoil, and raising questions about whether the ECB will keep up its hawkish tone.
Published 25 Apr, 2008 12:00am
APCMA headquarters raided, output data recovered

APCMA headquarters raided, output data recovered

The Competition Commission of Pakistan raided the headquarters of All Pakistan Cement Manufacturers Association (APCMA), Lahore and recovered valuable record including computers, giving accurate data on cement production.
Published 25 Apr, 2008 12:00am
Credit Suisse plunges into loss on further writedowns

Credit Suisse plunges into loss on further writedowns

Credit Suisse bank has plunged to its first quarterly loss in five years, figures released Thursday showed, as the bank reported heavy extra writedowns linked to the US subprime home-loan crisis. But the Credit Suisse chief executive insisted that the sit
Published 25 Apr, 2008 12:00am
Apple posts 36 percent rise in first quarter profit

Apple posts 36 percent rise in first quarter profit

Apple Inc on Wednesday posted a 36 percent rise in quarterly profit, helped by strong sales of Macintosh computers and iPods, but its lower profit margin and cautious outlook disappointed investors. Chief Financial Officer Peter Oppenheimer also told Reut
Published 25 Apr, 2008 12:00am
Credit Suisse plunges into loss on further writedowns

Credit Suisse plunges into loss on further writedowns

Credit Suisse bank has plunged to its first quarterly loss in five years, figures released Thursday showed, as the bank reported heavy extra writedowns linked to the US subprime home-loan crisis. But the Credit Suisse chief executive insisted that the sit
Published 25 Apr, 2008 12:00am
APCMA headquarters raided, output data recovered

APCMA headquarters raided, output data recovered

The Competition Commission of Pakistan raided the headquarters of All Pakistan Cement Manufacturers Association (APCMA), Lahore and recovered valuable record including computers, giving accurate data on cement production.
Published 25 Apr, 2008 12:00am
Britain hit by strikes across public sector

Britain hit by strikes across public sector

Britain was hit on Thursday by the most wide-ranging wave of work stoppages since the Labour government came to power 11 years ago, with up to 400,000 public sector employees on strike. It was another blow to Prime Minister Gordon Brown after he was force
Published 25 Apr, 2008 12:00am
UK announces £30 million for budgetary support

UK announces £30 million for budgetary support

The United Kingdom (UK) has announced 30 million pound sterling for budgetary support for the current financial year besides doubling the 480 million pound sterling assistance under a long term development partnership for ten years.
Published 25 Apr, 2008 12:00am
OECD sees impact of US weakness to last longer

OECD sees impact of US weakness to last longer

US economic weakness and its impact on the global economy are likely to last up to nine months longer than previously expected, OECD Secretary-General Angel Gurria was quoted as saying on Thursday. Gurria said the OECD had initially thought the crisis wou
Published 25 Apr, 2008 12:00am
UK announces £30 million for budgetary support

UK announces £30 million for budgetary support

The United Kingdom (UK) has announced 30 million pound sterling for budgetary support for the current financial year besides doubling the 480 million pound sterling assistance under a long term development partnership for ten years.
Published 25 Apr, 2008 12:00am
'Wall Street could see over 36,000 layoffs'

'Wall Street could see over 36,000 layoffs'

Wall Street, the lifeblood of New York City's economy, could lose over 36,000 jobs because the financial credit crisis has rocked markets and stunned the US economy, estimated James Brown, a labour market analyst with New York state's labour department.
Published 25 Apr, 2008 12:00am
UK announces £30 million for budgetary support

UK announces £30 million for budgetary support

The United Kingdom (UK) has announced 30 million pound sterling for budgetary support for the current financial year besides doubling the 480 million pound sterling assistance under a long term development partnership for ten years.
Published 25 Apr, 2008 12:00am
Nordic paper makers battle costs after weak first quarter

Nordic paper makers battle costs after weak first quarter

Nordic paper makers, including global heavyweights Stora Enso and UPM-Kymmene, are focusing on cutting costs and oversupply on the market after reporting falls in their profits for January-March.
Published 25 Apr, 2008 12:00am
South Korean farmers protest US beef imports

South Korean farmers protest US beef imports

Some 5,000 farmers rallied outside the agriculture ministry on Thursday in protest at a deal opening South Korea wider to US beef imports, witnesses said. Waving banners and chanting slogans during a two-hour rally, they called for the deal struck last we
Published 25 Apr, 2008 12:00am
Profits from hydel power: Punjab seeks ''justice''

Profits from hydel power: Punjab seeks ''justice''

The Economic Coordination Committee (ECC) of the Cabinet has expressed its inability to modify its decision, taken in 1996, when, reportedly, the Punjab government had agreed to forego net profits from hydel power projects, including Ghazi Brotha (GBHP),
Published 25 Apr, 2008 12:00am
US soya futures lower

US soya futures lower

US soyabean futures on the Chicago Board of Trade ended lower on Wednesday amid spillover selling from the weakness in the other grains, traders said. The soya market was also poised for a profit-taking setback as prices are historically high and rallied
Published 25 Apr, 2008 12:00am
Profits from hydel power: Punjab seeks 'justice'

Profits from hydel power: Punjab seeks 'justice'

The Economic Coordination Committee (ECC) of the Cabinet has expressed its inability to modify its decision, taken in 1996, when, reportedly, the Punjab government had agreed to forego net profits from hydel power projects, including Ghazi Brotha (GBHP),
Published 25 Apr, 2008 12:00am
Tokyo rubber falls

Tokyo rubber falls

Tokyo rubber futures fell on Thursday as falls in crude oil prices, weakness in other yen-denominated commodities and weak technical signals induced selling from investment funds.The newly listed October contract on Tokyo Commodity Exchange fell to 286.2
Published 25 Apr, 2008 12:00am
Profits from hydel power: Punjab seeks 'justice'

Profits from hydel power: Punjab seeks 'justice'

The Economic Coordination Committee (ECC) of the Cabinet has expressed its inability to modify its decision, taken in 1996, when, reportedly, the Punjab government had agreed to forego net profits from hydel power projects, including Ghazi Brotha (GBHP),
Published 25 Apr, 2008 12:00am
Indonesian palm oil prices unsettled

Indonesian palm oil prices unsettled

Indonesian palm oil prices were mixed on Thursday, unsettled by a drop in Malaysian futures, driven by expectations Jakarta will cut taxes on palm oil exports.At the state marketing centre in Jakarta, crude palm oil were sold at 9,965 rupiah ($1.08) a kg,
Published 25 Apr, 2008 12:00am
Current account deficit widens to record $9.8 billion in July-March

Current account deficit widens to record $9.8 billion in July-March

Country''s current account deficit widened by 60 percent to all-time high peak of 9.8 billion dollars and over 6 percent of GDP during the first nine months of the current fiscal year, mainly due to slowdown in exports and rising trade deficit.
Published 25 Apr, 2008 12:00am
Malaysian palm oil sags

Malaysian palm oil sags

Malaysian crude palm oil futures fell 2.5 percent on Thursday on expectations Indonesia would slash its export tax on the vegetable oil amid growing fears demand was struggling to gain momentum. Palm oil prices, which have fallen around 23 percent from re
Published 25 Apr, 2008 12:00am
Current account deficit widens to record $9.8 billion in July-March

Current account deficit widens to record $9.8 billion in July-March

Country's current account deficit widened by 60 percent to all-time high peak of 9.8 billion dollars and over 6 percent of GDP during the first nine months of the current fiscal year, mainly due to slowdown in exports and rising trade deficit.
Published 25 Apr, 2008 12:00am
India facilitated to join Tapi: GSFA signed

India facilitated to join Tapi: GSFA signed

A Gas Pipeline Framework Agreement (GSFA) was signed to facilitate joining of India in Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline, turning it into a 4-nation project here on Thursday. Indian Oil Minister Murli Deora formally made a request at th
Published 25 Apr, 2008 12:00am
Current account deficit widens to record $9.8 billion in July-March

Current account deficit widens to record $9.8 billion in July-March

Country's current account deficit widened by 60 percent to all-time high peak of 9.8 billion dollars and over 6 percent of GDP during the first nine months of the current fiscal year, mainly due to slowdown in exports and rising trade deficit.
Published 25 Apr, 2008 12:00am
US vote underlines unease about ADB policies

US vote underlines unease about ADB policies

A row has broken out between the Asian Development Bank and the United States, one of its biggest donors, over the multilateral agency's lending policies and function, bank and other officials say. Just over two weeks ago, Washington voted against the ADB
Published 25 Apr, 2008 12:00am
Meeting today

Meeting today

The State Bank of Pakistan has called an emergent meeting of exchange companies today (Friday) at 1600 hours. According to reliable sources, SBP''s late evening move resulted in immediate recovery of the Pak currency by one rupee ie Rs 65 to a dollar from
Published 25 Apr, 2008 12:00am
EU firms endorse ECB stance, alarmed by high euro

EU firms endorse ECB stance, alarmed by high euro

The euro currency's surge this year is alarming, Europe's employers said on Thursday, but they endorsed the European Central Bank's interest rate policy that fuelled it as key to bringing inflation under control.
Published 25 Apr, 2008 12:00am
Meeting today

Meeting today

The State Bank of Pakistan has called an emergent meeting of exchange companies today (Friday) at 1600 hours. According to reliable sources, SBP's late evening move resulted in immediate recovery of the Pak currency by one rupee ie Rs 65 to a dollar from
Published 25 Apr, 2008 12:00am
US jobless claims drop but more grim news on homes

US jobless claims drop but more grim news on homes

US jobless claims fell sharply last week and durable goods orders showed resilience in March but new home sales plummeted, according to data on Thursday that delivered mixed news on the struggling economy. The dollar came off slightly on the housing numbe
Published 25 Apr, 2008 12:00am
Meeting today

Meeting today

The State Bank of Pakistan has called an emergent meeting of exchange companies today (Friday) at 1600 hours. According to reliable sources, SBP's late evening move resulted in immediate recovery of the Pak currency by one rupee ie Rs 65 to a dollar from
Published 25 Apr, 2008 12:00am
US already in mild recession: S&P

US already in mild recession: S&P

The United States is in a recession but the downturn is expected to be mild because consumer spending is not expected to fall precipitously, Standard & Poor's said on Thursday. The recession will not put as much downward pressure on commodity prices as in
Published 25 Apr, 2008 12:00am
New York cotton futures sharply easier

New York cotton futures sharply easier

Cotton futures finished sharply easier Thursday on investor liquidation catalysed by a wide-ranging sell-off in the commodities complex, with analysts saying more losses seem likely into next week. The ICE Futures' July cotton contract slid 1.95 cents to
Published 25 Apr, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (April 24, 2008).

Published 25 Apr, 2008 12:00am
USAID administrator discusses NWFP, Fata uplift issues

USAID administrator discusses NWFP, Fata uplift issues

The United States Director of Foreign Assistance and Administrator of the United States Agency for International Development (USAID), Henrietta H. Fore, met with the North-West Frontier Province (NWFP) Governor, Owais Ahmed Ghani, and Fata officials here
Published 25 Apr, 2008 12:00am
Qaim orders scrutiny of appointments

Qaim orders scrutiny of appointments

The Sindh Chief Minister, Syed Qaim Ali Shah has directed the Chief Secretary to provide details of jobs provided during the caretaker government. He also sought details of the jobs given during the last three-four months in the tenure of former Chief Min
Published 25 Apr, 2008 12:00am
Pir Mazhar assures support to IBM

Pir Mazhar assures support to IBM

Sindh Education Minister, Pir Mazharul Haq has said that development of IT sector is one of the prime objectives of the government's policy. Speaking at the IBM's 'KidSmart Day' at a local hotel on Thursday, he urged upon the IBM to spread its network to
Published 25 Apr, 2008 12:00am
THE RUPEE: five paisa gains against euro

THE RUPEE: five paisa gains against euro

The dollar, despite being beaten on the international market, is expanding ground versus the rupee due to weakness in the basic fundamentals, experts said. The rupee lost ground steeply since the oil prices have started soaring on the overseas markets, th
Published 25 Apr, 2008 12:00am
Jewellery, cash worth Rs 5.7 million looted

Jewellery, cash worth Rs 5.7 million looted

Over dozen dacoits on Thursday have looted jewellery and cash valuing about Rs 5.7 million from jewellery shop and private bank in two different incidents.
Published 25 Apr, 2008 12:00am
THE RUPEE: five paisa gains against euro

THE RUPEE: five paisa gains against euro

The dollar, despite being beaten on the international market, is expanding ground versus the rupee due to weakness in the basic fundamentals, experts said. The rupee lost ground steeply since the oil prices have started soaring on the overseas markets, th
Published 25 Apr, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 24, 2008).

Published 25 Apr, 2008 12:00am
Musharraf, Elahi's pictures to be removed from textbooks

Musharraf, Elahi's pictures to be removed from textbooks

Chief Minister of Punjab Sardar Dost Muhamamd Khosa issued a circular to all the DCOs of the province to remove the photographs of President Pervez Musharraf and former Chief Minister Chaudhry Pervaiz Elahi from those books which were provided free of cos
Published 25 Apr, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 24, 2008).

Published 25 Apr, 2008 12:00am
Minister for check on prisoners' transfers

Minister for check on prisoners' transfers

Punjab Minister for Prisons, Chaudhry Abdul Ghafoor has announced checking the practice of transferring prisoners to different jails. The minister told a delegation on Thursday that arrangements would be made for the release of prisoners, who had failed t
Published 25 Apr, 2008 12:00am
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