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Nov 30, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-05-06
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Monday (May 05, 2008).

Published 06 May, 2008 12:00am
Third increase in CNG prices in four months

Third increase in CNG prices in four months

The associations of CNG filling stations have increased price of compressed natural gas (CNG) in Sindh by Rs 1.25 to Rs 38.25 per kilogram, a move vehemently opposed by the users. CNG Station Owners Association (CSOA) Chairman Malik Khuda Buksh said that
Published 06 May, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Monday (May 05, 2008).

Published 06 May, 2008 12:00am
Third increase in CNG prices in four months

Third increase in CNG prices in four months

The associations of CNG filling stations have increased price of compressed natural gas (CNG) in Sindh by Rs 1.25 to Rs 38.25 per kilogram, a move vehemently opposed by the users. CNG Station Owners Association (CSOA) Chairman Malik Khuda Buksh said that
Published 06 May, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Monday (May 05, 2008).

Published 06 May, 2008 12:00am
Third increase in CNG prices in four months

Third increase in CNG prices in four months

The associations of CNG filling stations have increased price of compressed natural gas (CNG) in Sindh by Rs 1.25 to Rs 38.25 per kilogram, a move vehemently opposed by the users. CNG Station Owners Association (CSOA) Chairman Malik Khuda Buksh said that
Published 06 May, 2008 12:00am
Dar briefs S&P about efforts to streamline economy

Dar briefs S&P about efforts to streamline economy

Finance Minister Muhammad Ishaq Dar has told the Standard and Poors, the credit rating agency, that Pakistan is making all efforrts to streamline the economy David T. Beers of Standard and Poors called on Ishaq Dar in Madrid on Monday, and discussed the m
Published 06 May, 2008 12:00am
Dar briefs S&P about efforts to streamline economy

Dar briefs S&P about efforts to streamline economy

Finance Minister Muhammad Ishaq Dar has told the Standard and Poors, the credit rating agency, that Pakistan is making all efforrts to streamline the economy David T. Beers of Standard and Poors called on Ishaq Dar in Madrid on Monday, and discussed the m
Published 06 May, 2008 12:00am
Dar briefs S&P about efforts to streamline economy

Dar briefs S&P about efforts to streamline economy

Finance Minister Muhammad Ishaq Dar has told the Standard and Poors, the credit rating agency, that Pakistan is making all efforrts to streamline the economy David T. Beers of Standard and Poors called on Ishaq Dar in Madrid on Monday, and discussed the m
Published 06 May, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 05, 2008).

Published 06 May, 2008 12:00am
Jamadi-ul-Awwal moon may be sighted today

Jamadi-ul-Awwal moon may be sighted today

The new Jamadi-ul-Awwal moon may be sighted today (Tuesday). According to astronomical parameters, there is a fair chance of sighting the Jamadi-ul-Awwal moon. Therefore, Jamadi-ul-Awwal One, 1429 AH should fall on Wednesday. The moon crossed the conjunct
Published 06 May, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 05, 2008).

Published 06 May, 2008 12:00am
Jamadi-ul-Awwal moon may be sighted today

Jamadi-ul-Awwal moon may be sighted today

The new Jamadi-ul-Awwal moon may be sighted today (Tuesday). According to astronomical parameters, there is a fair chance of sighting the Jamadi-ul-Awwal moon. Therefore, Jamadi-ul-Awwal One, 1429 AH should fall on Wednesday. The moon crossed the conjunct
Published 06 May, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 05, 2008).

Published 06 May, 2008 12:00am
Rupee goes weak at the knees

Rupee goes weak at the knees

Pak Rupee dropped further against US Dollar (InterBank 65.80/85, open market 66.65/75) on Monday. It has lost 4.45% of its value in the Interbank, and even more in the open market, since the beginning of the year 2008. Inflation is at 13 year high.
Published 06 May, 2008 12:00am
Rupee goes weak at the knees

Rupee goes weak at the knees

Pak Rupee dropped further against US Dollar (InterBank 65.80/85, open market 66.65/75) on Monday. It has lost 4.45% of its value in the Interbank, and even more in the open market, since the beginning of the year 2008. Inflation is at 13 year high.
Published 06 May, 2008 12:00am
Cement exports rise to record six million tons

Cement exports rise to record six million tons

The cement sector has marked another record of exports, which showed a healthy growth of 142 percent to the level of around 6 million tons due to rising international demand for the commodity, industry sources said. They said that it is expected that by t
Published 06 May, 2008 12:00am
Cement exports rise to record six million tons

Cement exports rise to record six million tons

The cement sector has marked another record of exports, which showed a healthy growth of 142 percent to the level of around 6 million tons due to rising international demand for the commodity, industry sources said. They said that it is expected that by t
Published 06 May, 2008 12:00am
Cement exports rise to record six million tons

Cement exports rise to record six million tons

The cement sector has marked another record of exports, which showed a healthy growth of 142 percent to the level of around 6 million tons due to rising international demand for the commodity, industry sources said. They said that it is expected that by t
Published 06 May, 2008 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (May 05, 2008).
Published 06 May, 2008 12:00am
Maybank acquires strategic stake in MCB

Maybank acquires strategic stake in MCB

Malaysia''s largest financial institution, Malayan Banking Bhd (Maybank), signed an agreement with Nishat Group to acquire upto 20 percent of ordinary shares in MCB Bank Limited.
Published 06 May, 2008 12:00am
Maybank acquires strategic stake in MCB

Maybank acquires strategic stake in MCB

Malaysia's largest financial institution, Malayan Banking Bhd (Maybank), signed an agreement with Nishat Group to acquire upto 20 percent of ordinary shares in MCB Bank Limited.
Published 06 May, 2008 12:00am
Maybank acquires strategic stake in MCB

Maybank acquires strategic stake in MCB

Malaysia's largest financial institution, Malayan Banking Bhd (Maybank), signed an agreement with Nishat Group to acquire upto 20 percent of ordinary shares in MCB Bank Limited.
Published 06 May, 2008 12:00am
Data of Rs 6.5 billion tax exemptions missing

Data of Rs 6.5 billion tax exemptions missing

The details of income tax exemptions granted to importers totalling Rs 6.5 billion are missing, which reflecting unprecedented misuse of the facility on clearance of imported goods under Pakistan Customs Computerised System (PACCs) during 2007-08.
Published 06 May, 2008 12:00am
Data of Rs 6.5 billion tax exemptions missing

Data of Rs 6.5 billion tax exemptions missing

The details of income tax exemptions granted to importers totalling Rs 6.5 billion are missing, which reflecting unprecedented misuse of the facility on clearance of imported goods under Pakistan Customs Computerised System (PACCs) during 2007-08.
Published 06 May, 2008 12:00am
Data of Rs 6.5 billion tax exemptions missing

Data of Rs 6.5 billion tax exemptions missing

The details of income tax exemptions granted to importers totalling Rs 6.5 billion are missing, which reflecting unprecedented misuse of the facility on clearance of imported goods under Pakistan Customs Computerised System (PACCs) during 2007-08.
Published 06 May, 2008 12:00am
Asians at risk from rising food prices: ADB chief

Asians at risk from rising food prices: ADB chief

Asian Development Bank (ADB) President Haruhiko Kuroda called on Monday for an "immediate response" to soaring food prices which he said threatened a billion Asians with a risk of malnutrition. He also warned that the food problem could cut into decades o
Published 06 May, 2008 12:00am
Asians at risk from rising food prices: ADB chief

Asians at risk from rising food prices: ADB chief

Asian Development Bank (ADB) President Haruhiko Kuroda called on Monday for an "immediate response" to soaring food prices which he said threatened a billion Asians with a risk of malnutrition. He also warned that the food problem could cut into decades o
Published 06 May, 2008 12:00am
Asians at risk from rising food prices: ADB chief

Asians at risk from rising food prices: ADB chief

Asian Development Bank (ADB) President Haruhiko Kuroda called on Monday for an "immediate response" to soaring food prices which he said threatened a billion Asians with a risk of malnutrition. He also warned that the food problem could cut into decades o
Published 06 May, 2008 12:00am
South Korea worried by worsening current account

South Korea worried by worsening current account

South Korea is worried by a steady deterioration in its current account in recent years, Finance Minister Kang Man-soo said on Monday, while declining to say if the remark suggested the government wanted a weaker won.
Published 06 May, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (May 05, 2008).

Published 06 May, 2008 12:00am
Lockheed protests Navy decision

Lockheed protests Navy decision

Lockheed Martin Corp said on Monday it had filed a protest against the US Navy's decision last month to award a multibillion-dollar patrol plane contract to Northrop Grumman Corp.
Published 06 May, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 05, 2008).
Published 06 May, 2008 12:00am
EU approves STX Shipbuilding's stake in Aker Yards

EU approves STX Shipbuilding's stake in Aker Yards

EU competition regulators gave the greenlight on Monday to the purchase by South Korean group STX Shipbuilding of a controlling minority interest in Norwegian shipmaker Aker Yards.
Published 06 May, 2008 12:00am
ISE index loses 24.82 points

ISE index loses 24.82 points

Bears' assault moved the entire ready board in downward direction at the Islamabad Stock Exchange (ISE) on Monday where major players and investors offloaded their positions to avoid heavy losses amid decrease in index.
Published 06 May, 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 Monday (May 05, 2008).

Published 06 May, 2008 12:00am
ISE index loses 24.82 points

ISE index loses 24.82 points

Bears' assault moved the entire ready board in downward direction at the Islamabad Stock Exchange (ISE) on Monday where major players and investors offloaded their positions to avoid heavy losses amid decrease in index.
Published 06 May, 2008 12:00am
Selling pressure grips LSE

Selling pressure grips LSE

Selling pressure, triggered by multiple rumours about differences between the PPP and the PML-N and news of arrest of Bank of Punjab management, damaged equities, battering across the board, losing 0.9 percent on the Lahore Stock Exchange (LSE) on Monday.
Published 06 May, 2008 12:00am
Selling pressure grips LSE

Selling pressure grips LSE

Selling pressure, triggered by multiple rumours about differences between the PPP and the PML-N and news of arrest of Bank of Punjab management, damaged equities, battering across the board, losing 0.9 percent on the Lahore Stock Exchange (LSE) on Monday.
Published 06 May, 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 Monday (May 05, 2008).

Published 06 May, 2008 12:00am
Rice exports come to a halt

Rice exports come to a halt

The rice exports have come to a complete halt and no shipment was made since Friday following the agreement of Rice Exporters Association of Pakistan (Reap) with Ministry of Commerce and Ministry of Food, Agriculture and Livestock (Minfal).
Published 06 May, 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 Monday (May 05, 2008).

Published 06 May, 2008 12:00am
Rice exports come to a halt

Rice exports come to a halt

The rice exports have come to a complete halt and no shipment was made since Friday following the agreement of Rice Exporters Association of Pakistan (Reap) with Ministry of Commerce and Ministry of Food, Agriculture and Livestock (Minfal).
Published 06 May, 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 Monday (May 05, 2008).

Published 06 May, 2008 12:00am
Rice exports come to a halt

Rice exports come to a halt

The rice exports have come to a complete halt and no shipment was made since Friday following the agreement of Rice Exporters Association of Pakistan (Reap) with Ministry of Commerce and Ministry of Food, Agriculture and Livestock (Minfal).
Published 06 May, 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 06 May, 2008 12:00am
By-elections postponed till August 18

By-elections postponed till August 18

The Election Commission of Pakistan (EC) on Monday announced for the second time to delay the by-elections for two months that was previously scheduled for June 18, inviting strong criticism from the coalition government that termed the decision a "conspi
Published 06 May, 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 06 May, 2008 12:00am
By-elections postponed till August 18

By-elections postponed till August 18

The Election Commission of Pakistan (EC) on Monday announced for the second time to delay the by-elections for two months that was previously scheduled for June 18, inviting strong criticism from the coalition government that termed the decision a "conspi
Published 06 May, 2008 12:00am
US Plains HRW wheat bids rolling

US Plains HRW wheat bids rolling

US Plains hard red winter wheat basis values were rolling mostly on Monday, with the market awaiting the approaching harvest. With combining expected to start rolling within the next several weeks, the condition of the new crop was being closely watched b
Published 06 May, 2008 12:00am
Oil cake market rates

Oil cake market rates

Lean business was again witnessed on the forward cottonseed oilcake market on Monday as most of the buyers were on the sidelines just to analyse the latest development on the demand and supply factor, dealers said. The May vaida commenced unchanged at Rs
Published 06 May, 2008 12:00am
Steady trend witnessed on cotton market

Steady trend witnessed on cotton market

Steady trend was seen on the cotton market on Monday following the final cotton figure issued by the Pakistan Cotton Ginners Association (PCGA), showing a shortfall of nearly 250,000 bales, brokers said. The Karachi Cotton Association (KCA) official spot
Published 06 May, 2008 12:00am
Mixed trend on grain market

Mixed trend on grain market

Cautious attitudes adopted by the buyers during the last several sessions, pushed the prices on the grain market on Monday, dealers said. Continued rise in the prices of most of the commodities kept the retailers sidelined, they were not ready to oblige t
Published 06 May, 2008 12:00am
Raw rubber up on Jodia Bazaar

Raw rubber up on Jodia Bazaar

The trading on raw rubber moved up on Jodia Bazaar here on Monday. The following variations were seen.
Published 06 May, 2008 12:00am
Indonesian crude palm oil prices rise

Indonesian crude palm oil prices rise

Indonesian crude palm oil prices rose on Monday, lifted by gains in the Malaysian market and a slowdown in domestic crude palm oil supplies, dealers said. In Jakarta, the state marketing centre sold crude palm oil at 9,812 rupiah ($1.06) a kg, up from 9,7
Published 06 May, 2008 12:00am
Goldcorp profit jumps on asset sale, gold price

Goldcorp profit jumps on asset sale, gold price

Goldcorp Inc, Canada's No 2 gold miner, notched an 84 percent jump in first-quarter profit, benefiting from soaring gold prices and the sale of its stake in Silver Wheaton, the company said on Monday.
Published 06 May, 2008 12:00am
Low cane prices squeeze Brazilian suppliers

Low cane prices squeeze Brazilian suppliers

The market share of independent sugar cane suppliers in Brazil's center-south may fall as strong output continues to weaken sugar and ethanol prices, a cane suppliers' representative said. Independent cane suppliers accounted for about 20 percent of Brazi
Published 06 May, 2008 12:00am
US Midwest soyabean bids steady to firm

US Midwest soyabean bids steady to firm

Spot basis bids for soyabeans were steady to firm early on Monday while corn bids were mostly unchanged, grain dealers said. Farmer selling of both commodities was expected to be slow on Monday as most growers were focused on planting tasks.
Published 06 May, 2008 12:00am
Indonesia names two surveyors to check rice exports

Indonesia names two surveyors to check rice exports

Indonesia has appointed two surveyors to check rice shipments in a bid to prevent smuggling of the country's main staples, the trade ministry said on Monday. The appointment of the two surveyors comes after Southeast Asia's largest rice consumer curbed ri
Published 06 May, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 240,879 tonnes cargo including 163,056 tonnes import, 77,823 tonnes export cargo and 3,308 containers (TEUs) during last 48 hours ending at 0700 hours on Monday. The cargoes comprised of 148,624 tonnes dry cargo including 60,375 t
Published 06 May, 2008 12:00am
Indian sugar drops

Indian sugar drops

Indian sugar contracts fell on Monday on higher supplies in the spot market and weighed down by concerns the government may curb futures trading to contain inflation that has climbed to a 3-year high. At 3:30 pm (1000 GMT), the May contract was down 1.2 p
Published 06 May, 2008 12:00am
Malaysian palm oil rebounds

Malaysian palm oil rebounds

Malaysian crude palm oil futures rose 1.5 percent on Monday, rebounding from last week's three-week low on fears of tight supplies due to renewed protests by Argentine farmers and prospect of firmer Asian demand.
Published 06 May, 2008 12:00am
US wheat extends gains; rice falls

US wheat extends gains; rice falls

Chicago Board of Trade US wheat futures rose as much as 2.8 percent on Monday, extending a reversal of an oversold seven-week decline and supported by talk of a rebuilding of global stockpiles, traders said. July wheat futures had settled back to a gain o
Published 06 May, 2008 12:00am
Gold bounces on bargain hunting

Gold bounces on bargain hunting

Gold rebounded on Monday as bargain hunters snapped up bullion after a fall to a four-month low last week, but trading was thin in the absence of Japanese speculators. Gold rose to $861.10/864.10 an ounce from $855.80/857.00 an ounce late in New York on F
Published 06 May, 2008 12:00am
Russian sugar

Russian sugar

Russia refined 618,900 tonnes of white sugar from imported raws between the start of the year and April 30, down 55 percent from year-ago volumes, Russia's Sugar Producers' Union said on Monday.
Published 06 May, 2008 12:00am
China struggles to block grains smuggling

China struggles to block grains smuggling

The number of cases of grains smuggling out of China is rising, as international prices of rice and wheat climb while domestic Chinese prices rise more slowly, China's Xinhua news agency reported, quoting customs officials.
Published 06 May, 2008 12:00am
Oil rises on Nigeria and Iran supply concerns

Oil rises on Nigeria and Iran supply concerns

Oil rose on Monday, extending the previous session's 3 percent gain to stay above $116 a barrel, supported by further supply disruptions in Nigeria and geopolitical tensions between Iran and the West. US light crude for June delivery rose 22 cents to $116
Published 06 May, 2008 12:00am
Jordan tenders to buy 100,000 tonnes feed barley

Jordan tenders to buy 100,000 tonnes feed barley

Jordan's state grain buyer has issued a tender to purchase 100,000 tonnes of feed barley from any origin, European traders said on Monday. The bidding deadline is May 20. Shipment for 50,000 tonnes is in the second half of June and for 50,000 tonnes in th
Published 06 May, 2008 12:00am
Shanghai copper futures ease

Shanghai copper futures ease

Shanghai copper eased 1 percent on Monday, after a holiday break when London metal fell by more than 1.5 percent, but analysts forecast higher prices because of falling spot supplies in China, the world's top consumer. The July copper contract, the most a
Published 06 May, 2008 12:00am
Indian soyaoil futures steady

Indian soyaoil futures steady

Indian soyaoil futures shrugged off firm Malaysian palm oil prices and were little changed on Monday, as participants were worried the government may curb trading to contain 3-year high inflation. At 2:02 pm (0832 GMT), May futures on the National Commodi
Published 06 May, 2008 12:00am
Thai rice prices seen easing

Thai rice prices seen easing

Thai rice prices were expected to fall this week in reaction to the Philippines scrapping its tender for 675,000 tonnes on Monday, Thai exporters said. "Prices should face a short corrective phase this week," Chookiat Ophaswongse, president of Thai Rice E
Published 06 May, 2008 12:00am
Philippines declares rice auction a failure

Philippines declares rice auction a failure

The Philippines, the world's biggest importer of rice, scrapped a tender for 675,000 tonnes of rice on Monday but set an auction for 163,000 tonnes for the private sector later in the week. Vietnam's state-owned Vinafood II, the sole bidder at the tender,
Published 06 May, 2008 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin inched up on Monday on strong London Metal Exchange (LME) prices and demand but gains were cut by rising supplies and a technical correction against the LME market, one dealer said.
Published 06 May, 2008 12:00am
Nymex crude steadies above $116 after sharp rally

Nymex crude steadies above $116 after sharp rally

US crude futures were little changed above $116 a barrel on Monday, pausing after jumping more than 3 percent last week as better-than-expected US jobs data eased worries about health of the world's biggest energy consumer. NYMEX crude for June delivery f
Published 06 May, 2008 12:00am
Surging food prices bite across Asian

Surging food prices bite across Asian

From the rice paddies of Asia to the wheat fields of Australia, the soaring price of food is breaking the budgets of the poor and raising the spectres of hunger and unrest, experts warn. A billion people in Asia are seriously affected by the surging costs
Published 06 May, 2008 12:00am
EFTA-Southern Africa trade pact comes into force

EFTA-Southern Africa trade pact comes into force

A trade pact between wealthy countries in northern Europe and developing nations in southern Africa entered into force on Monday, the European Free Trade Association said. The agreement links EFTA members Norway, Switzerland, Iceland and Liechtenstein wit
Published 06 May, 2008 12:00am
'Rice prices peaked, could fall to $600'

'Rice prices peaked, could fall to $600'

Rice prices have probably peaked and may fall to as low as $600 a tonne next year, the chairman of Spain's Ebro Puleva, one of the world's biggest rice sellers, said on Monday. Rice prices have surged to around $1,000 from $383 early this year on panic bu
Published 06 May, 2008 12:00am
Japan must scrap Korea chip duties by September: WTO

Japan must scrap Korea chip duties by September: WTO

Japan must scrap its duties on South Korean memory chips by September 1 this year, the World Trade Organisation (WTO) said on Monday. A reasonable period of time for Japan to implement the rulings of a WTO dispute panel on chips duties is eight months and
Published 06 May, 2008 12:00am
Egypt to raise fuel and diesel prices

Egypt to raise fuel and diesel prices

Egypt's ruling party on Monday proposed a set of tax and duty increases including on fuel, diesel and cigarettes amid public anger at price hikes and the state of the economy. According to a text of the proposal obtained by AFP, the price of diesel -- use
Published 06 May, 2008 12:00am
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