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Jan 21, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-04-30
Credit spreads rally crippled

Credit spreads rally crippled

The rally in European credit spreads halted on Tuesday as investors looked ahead to potential risks posed by US economic data and a Federal Reserve interest rate decision set for later this week. By 1619 GMT, the investment-grade Markit iTraxx Europe inde
Published 30 Apr, 2008 12:00am
Asian bonds slightly higher

Asian bonds slightly higher

Asian bonds were slightly higher on Tuesday ahead of an expected rate cut by the US Federal Reserve, but the optimism was offset by a view the US central bank could signal an end to the current easing cycle. Activity was also spurred by two major US corpo
Published 30 Apr, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (April 29, 2008).

Published 30 Apr, 2008 12:00am
Asian bonds slightly higher

Asian bonds slightly higher

Asian bonds were slightly higher on Tuesday ahead of an expected rate cut by the US Federal Reserve, but the optimism was offset by a view the US central bank could signal an end to the current easing cycle. Activity was also spurred by two major US corpo
Published 30 Apr, 2008 12:00am
China stocks climb 1.4 percent

China stocks climb 1.4 percent

China's key stock index closed 1.40 percent higher on Tuesday, led by PetroChina as well as coal and brokerage companies, but turnover shrank ahead of a long holiday weekend. The Shanghai Composite Index ended at 3,523.405 points, after hitting an intra-d
Published 30 Apr, 2008 12:00am
Thai shares down

Thai shares down

Thai share prices closed 0.33 percent lower on Tuesday as investors took profits in energy stocks, dealers said. The Stock Exchange of Thailand (SET) composite index fell 2.79 points to 833.63 while the blue chip SET 50 index lost 1.68 points to 601.06.
Published 30 Apr, 2008 12:00am
FTSE remains flat

FTSE remains flat

Britain's FTSE 100 index ended flat on Tuesday as forecast-beating results from BP and Royal Dutch Shell offset weakness in miners and banks. The UK's blue chip index closed down 1 point, or 0.02 percent at 6,089.4, after trading as much as 0.7 percent hi
Published 30 Apr, 2008 12:00am
'Biofuels halt may ease food prices'

'Biofuels halt may ease food prices'

A moratorium on grain-based biofuels would help ease raging wheat and corn prices by up to 20 percent in the next few years, a leading agriculture research group said on Tuesday.
Published 30 Apr, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2008 12:00am
London coffee and sugar sag

London coffee and sugar sag

A resurgent dollar and falling oil prices triggered selling of most soft commodity futures on Tuesday, with white sugar focused on the expiry of the front month raw sugar futures contract on Wednesday. "I think that people are starting to think that the d
Published 30 Apr, 2008 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2008 12:00am
Oil plummets on dollar rebound

Oil plummets on dollar rebound

Oil fell sharply on Tuesday, retreating from a record high as a rebound in the dollar spurred selling and as fears over a rash of global supply disruptions began to recede. US crude futures settled down $3.12, or 2.6 percent, to $115.63 a barrel after dro
Published 30 Apr, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2008 12:00am
Thailand sells domestic rice stockpile

Thailand sells domestic rice stockpile

Thailand will sell stockpiled rice into the domestic market for the first time in nearly 18 months as the world's top exporter seeks to cool prices that have nearly trebled this year, officials said on Tuesday. Some 2.1 million tonnes of rice will be grad
Published 30 Apr, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (April 29, 2008).

Published 30 Apr, 2008 12:00am
New York cotton futures end lower

New York cotton futures end lower

Cotton futures sank to a poor close Tuesday on investor liquidation following sharp losses in other commodity markets and fibre contracts may slip further in the days ahead, brokers said. The ICE Futures' July cotton contract fell 1.01 cents to close at 7
Published 30 Apr, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Apr, 2008 12:00am
Australia resumes Iraq wheat sales

Australia resumes Iraq wheat sales

Australia has resumed wheat exports to Iraq, ending years of trade blockages over illicit payments to the past government of Saddam Hussein, with a global commodities trader loading a ship for first delivery. Australia, a strong supporter of reconstructio
Published 30 Apr, 2008 12:00am
Copper descends

Copper descends

London copper futures drifted lower on Tuesday ahead of a welter of US economic data that could hint at the longer term outlook for US interest rates and influence the direction of commodities markets. Copper at the London Metal Exchange, often seen as a
Published 30 Apr, 2008 12:00am
Gold dips in London

Gold dips in London

Gold hit a one-month low on Tuesday on a firmer dollar and weaker oil prices, with investors unwinding their trading positions ahead of this week's Federal Reserve meeting on interest rates. Gold often takes its cue from movements in the dollar because of
Published 30 Apr, 2008 12:00am
US MIDDAY: cocoa and coffee down

US MIDDAY: cocoa and coffee down

Cocoa and arabica coffee futures on ICE Futures US fell in early trade Tuesday as the dollar rebounded and attention turned to a rate decision expected by the US Federal Reserve Wednesday. July arabica contract was down 1.20 cents at $1.333 per lb at 9:19
Published 30 Apr, 2008 12:00am
US MIDDAY: sugar slips

US MIDDAY: sugar slips

Raw sugar futures on ICE Futures US at 8:51 am EDT (1251 GMT) for the month of July fell 0.17 cent to 11.89 cents per lb. Range at 11.83 to 12.12 cents. July contract volume at 15,524 lots. Liquidation of positions in spot May deflated market before contr
Published 30 Apr, 2008 12:00am
US MIDDAY: wheat tumbles

US MIDDAY: wheat tumbles

May wheat was down 17-1/2 cents at $8.08-1/2 per bushel, new-crop July was down 18 at $8.23. Setting back from Monday's rally on technical selling and profit-taking as corn came off its highs. Prospects for a large US world wheat crop add pressure, along
Published 30 Apr, 2008 12:00am
US MIDDAY: corn climbs

US MIDDAY: corn climbs

May corn was up 3-1/2 cents at $6.03-1/2 per bushel, new-crop December up 3 cents at $6.33-1/4. Supported by slow US corn planting pace due to wet weather; more rain and cold weather is forecast for the next several days. USDA said corn seedings 10 percen
Published 30 Apr, 2008 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

May soyabean futures were down 1-1/2 cents at $12.82 per bushel, new-crop November up 6-1/2 cents at $12.03. Choppy. Nearbys pressured by ideas that Argentine farmers may extend strike truce. New-crop contracts supported as corn/soya spreads correct.
Published 30 Apr, 2008 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures prices declined on Tuesday in a small round of profit-taking as the dollar strengthened against the euro, then fell further after US consumer confidence came in slightly above forecasts, traders said. Copper was underpinned, however, by
Published 30 Apr, 2008 12:00am
US MIDDAY: gold sags

US MIDDAY: gold sags

US gold futures dropped 2 percent on Tuesday as a combination of a dollar rise, oil decline and recession concern prompted heavy selling ahead of an interest rate decision by the Federal Reserve. June contract gold on Comex division of New York Mercantile
Published 30 Apr, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The Pakistan People Party is determined to get investigated the Mohtrama Benazir's assassination through United Nation. But that has also raised the prospect of strident opposition to this cause. It was all clear in the two eloquent speeches made in the S
Published 30 Apr, 2008 12:00am
PPP Swat general secretary dismissed

PPP Swat general secretary dismissed

Swat PPP President, Shamsher Ali Khan Advocate, has dismissed the party General Secretary, Riaz Ahmad Advocate due to violation of party discipline. It was disclosed by a press release issued here on Tuesday. Riaz Ahmad Khan has been dismissed from the pa
Published 30 Apr, 2008 12:00am
Nawaz for blocking future martial law, dictatorship

Nawaz for blocking future martial law, dictatorship

Chief of Pakistan Muslim League-Nawaz (PML-N) Mian Muhammad Nawaz Sharif has said that strengthening of institutions is imperative to block the way of martial law and dictatorship in future.
Published 30 Apr, 2008 12:00am
Energy saving bulbs

Energy saving bulbs

Business Recorder report (April 24) had divulged that the minister for water and power had refused to follow the Prime Minister's directive to provide 10 million (one crore) savers bulb free of cost. Instead of free distribution, reasonable prices
Published 30 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Tuesday (April 29, 2008).

Published 30 Apr, 2008 12:00am
Opposition journalists at risk in Azerbaijan

Opposition journalists at risk in Azerbaijan

Agil Khalil, a 25-year-old reporter for the Azerbaijani opposition newspaper Azadliq, has made powerful enemies by investigating illegal construction in the country's booming capital Baku. Now he fears for his life. First, state security agents beat him u
Published 30 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Tuesday (April 29, 2008).

Published 30 Apr, 2008 12:00am
GOOD MORNING: a cry from the sinking ship

GOOD MORNING: a cry from the sinking ship

At the back of my mind, as I write this column on Tuesday evening is a disturbing thought about the countdown for the restoration of the judiciary to its 2nd November 2007 status and what lies ahead. One option is to take a cynical view. To presume that t
Published 30 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Tuesday (April 29, 2008).

Published 30 Apr, 2008 12:00am
Why development banks?

Why development banks?

Pakistan's total external debt is steadily increasing, notwithstanding the Paris Club debt cancellation, bi-lateral aid agencies' debt swap arrangements, and record-high remittances flows. The total external debt was at $38.864 billion on March 31, 2007,
Published 30 Apr, 2008 12:00am
Boucher's cautious optimism

Boucher's cautious optimism

After initial reluctance, the United States appears to be accepting the logic of talking to rebellious tribesmen in Pakistan's restive north-west. This is a significant shift in the policy Bush administration had pursued so far, particularly if one had ke
Published 30 Apr, 2008 12:00am
Forecast of gloomy days

Forecast of gloomy days

Speaking before the Senate Standing Committee on Finance and Revenue, Finance Minister Ishaq Dar was utterly forthright and to the point. He felt no hesitation in saying that there would be more increases in the prices of petroleum products before the nex
Published 30 Apr, 2008 12:00am
Death of Nizam Shamsi's mother condoled

Death of Nizam Shamsi's mother condoled

Zonal In-charge Muttahida Qaumi Movement (MQM) Hyderabad Muhammad Sharif and members of zonal committee have expressed grief and sorrows over the death of the mother of Nizam Shamsi, member Legal Aid Committee MQM. In their joint condolence message they p
Published 30 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (April 29, 2008).

Published 30 Apr, 2008 12:00am
Amrohvi appointed advisor

Amrohvi appointed advisor

The government on Tuesday appointed a Pakistan People's Party (PPP) senior leader, Izhar Amrohvi, as advisor to the parliamentary affair division of the law ministry. Amrohvi, who served on the same position in PPP previous stints in power, will be enjoyi
Published 30 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (April 29, 2008).

Published 30 Apr, 2008 12:00am
Parliament entitled to do 'Ijtehad': Babar Awan

Parliament entitled to do 'Ijtehad': Babar Awan

Pakistan People's Party (PPP) Senator Dr Babar Awan has said that Parliament is an institution which is entitled to do 'Ijtehad'. Speaking as chief guest at a lecture on 'Supreme Constitutional Code of Egypt and Islamic Law', at Council of Islamic Ideolog
Published 30 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (April 29, 2008).

Published 30 Apr, 2008 12:00am
Food items become costlier

Food items become costlier

Wheat hoarding and smuggling that has already wreaked havoc and created flour shortage has eventually pushed up the price of Roti, which is now selling at Rs 5. When this scribe contacted the Price Control Committee, the Nazim and District Coordination Of
Published 30 Apr, 2008 12:00am
Hoti says he won't allow derailing peace process

Hoti says he won't allow derailing peace process

NWFP Chief Minister Ameer Haider Khan Hoti said on Tuesday that the government would not allow to derail the peace initiative in the province, saying that a broad-based Jirga would be formed to negotiate peace with the local militants.
Published 30 Apr, 2008 12:00am
'Schemes to provide houses to low-income people soon'

'Schemes to provide houses to low-income people soon'

Provincial Minister for Works and Services, Manzoor Hussain Wassan has said that the present government attaches high priority to the development of Sindh. He was talking to a delegation of Soomro Community from Khairpur district, which called on him at h
Published 30 Apr, 2008 12:00am
High-level South African commercial team due soon

High-level South African commercial team due soon

A high-level commercial delegation from South Africa would be visiting Pakistan. According to a press release, the purpose of the visit is to explore investment opportunities in Pakistan and sign a MoU with a Pakistani firm.
Published 30 Apr, 2008 12:00am
Model traffic policing by June 2008: SSP

Model traffic policing by June 2008: SSP

Model traffic policing will be introduced here by June 2008 to streamline traffic system especially during peak hours and inject more latest vehicles in the traffic police, said SSP Traffic Peshawar Jafer Khan.
Published 30 Apr, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (April 29, 2008).

Published 30 Apr, 2008 12:00am
Watercourses' construction work reviewed

Watercourses' construction work reviewed

The District Co-ordination Officer (DCO), Larkana, Abdul Aziz Uaqaili, has urged the field officers of National Programme for Improvement of Watercourses (NPIW) in the district to redouble their efforts for completing their work on watercourses. He said t
Published 30 Apr, 2008 12:00am
Hurdles in judges' restoration to be removed: Rana

Hurdles in judges' restoration to be removed: Rana

Federal Minister for Defence Production, Rana Tanveer Hussain has said that political leadership and nation are with deposed judges and all hurdles in reinstatement of judges and independence of judiciary would be removed. Speaking at a function here on T
Published 30 Apr, 2008 12:00am
63 inspectors of income tax department promoted

63 inspectors of income tax department promoted

The Federal Board of Revenue (FBR) has promoted 63 inspectors of income tax department from BS-11-14 to BS-16 as income tax officers and posted at different regional tax offices (RTOs). According to a notification issued on Tuesday, the newly promoted inc
Published 30 Apr, 2008 12:00am
Minister resolves power loom workers, owners dispute

Minister resolves power loom workers, owners dispute

On the intervention of Punjab Minister for Labour and Human Resources Muhammad Ashraf Khan Sohna, the dispute between power looms owners and workers of Dhudiwala-Jaranwala Road has been settled.
Published 30 Apr, 2008 12:00am
Mortgage deeds: ICT reduces stamp duty, registration fee

Mortgage deeds: ICT reduces stamp duty, registration fee

The Islamabad Capital Territory (ICT) Administration on the directives of Wafaqi Mohtasib, has reduced the stamp duty and registration fee on mortgage deeds by 75 per cent from one per cent to 0.25 per cent. The decision was taken by the ICT administratio
Published 30 Apr, 2008 12:00am
Australian team meets Kaira

Australian team meets Kaira

The Federal Minister for Information Technology and Telecommunications, Qamar Zaman Kaira met the delegation of Progressive International Pvt Ltd, a potential Australian investment company. The delegation comprised John Kirkwood, GM, Ali Obaid, Managing D
Published 30 Apr, 2008 12:00am
Tusdec and BSF to join hands for promotion of SMEs

Tusdec and BSF to join hands for promotion of SMEs

The Technology Upgradation and Skill Development Company (Tusdec) and the Asian Development Bank-funded Business Support Fund (BSF) will join hands for the promotion of SME sector in the country. This was decided at a meeting between the BSF Chief Executi
Published 30 Apr, 2008 12:00am
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