News Archives for Print - 2008-05-09

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

US MIDDAY: sugar steadies

Raw sugar futures on ICE Futures US at 1235 GMT. July contract was up 0.09 cent at 11.82 cents per lb. Range from 11.54 to 11.82 cents. July contract volume at 6,214 lots.

Published 09 May, 2008 12:00am

Pakistan test-fires cruise missile

Pakistan on Thursday successfully tested a ground-hugging cruise missile capable of carrying both nuclear and conventional warheads, the military said. The Hatf-VIII (Ra'ad) missile, developed exclusively for launch from the air, has a range of 350 kilome

Published 09 May, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

No contacts with US on dollar: EU officials

European Union officials said on Thursday they knew of no contacts with the United States on the weakness of the dollar despite a report that Washington and Brussels are united in their desire to see it strengthen. The report, in the Financial Times, brie

Published 09 May, 2008 12:00am

Stable, democratic Pakistan to make US safer: Patterson

US Ambassador Anne W Patterson has said that a stable, democratic and prosperous Pakistan free of militant extremism will make America safer and more prosperous. She was speaking to the members of the Management Association of Pakistan (MAP) at a local ho

Published 09 May, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

US MIDDAY: wheat rises

May wheat was up at the Chicago Board of Trade 30 cents at $8.25 per bushel. Most-active July up 29-1/2 at $8.37.

Published 09 May, 2008 12:00am

Rising economic growth benefited every section of society: Singh

Recounting the successes of his coalition government, Indian Prime Minister Dr Manmohan Singh has said that the economic growth averaging almost nine percent in the last few years has benefited every section of society and has also enabled the government

Published 09 May, 2008 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

Enodis agrees to $2 billion takeover by ITW

Britain's Enodis has agreed to be bought by Illinois Tool Works for 1.03 billion pounds ($2 billion), turning its back on the agreed 948 million pounds ($1.9 billion) takeover by US-based Manitowoc. Shares in Enodis, the British maker of fast-food fryers,

Published 09 May, 2008 12:00am

'Akhtar Mengal to be released soon'

Deputy Secretary General Jamiat-e-Ulma Islam (JUI-F) and former speaker Balochistan Assembly Malik Sikander Khan said on Thursday that the government has decided in principle to release Sardar Akhtar Mengal in next few days while the issue of Maulana Abdu

Published 09 May, 2008 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 09 May, 2008 12:00am

US MIDDAY: corn up

May corn was up 16 cents at $6.17-1/2 per bushel, most-active July up 16 at $6.29. Contract highs in most months as slow pace of US corn plantings raises concerns about potential declines in corn production. July 2009sets fresh all-time high at $6.72-1/4.

Published 09 May, 2008 12:00am

Rising economic growth benefited every section of society: Singh

Recounting the successes of his coalition government, Indian Prime Minister Dr Manmohan Singh has said that the economic growth averaging almost nine percent in the last few years has benefited every section of society and has also enabled the government

Published 09 May, 2008 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

Enodis agrees to $2 billion takeover by ITW

Britain's Enodis has agreed to be bought by Illinois Tool Works for 1.03 billion pounds ($2 billion), turning its back on the agreed 948 million pounds ($1.9 billion) takeover by US-based Manitowoc. Shares in Enodis, the British maker of fast-food fryers,

Published 09 May, 2008 12:00am

Government should focus on inflation: Rashid

Former federal minister Sheikh Rashid Ahmad has said that the sitting judges couldn't be removed without constitutional package. Talking to a private TV channel he said that the judges' issue is a complicated one and couldn't be settled by passing a resol

Published 09 May, 2008 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

US MIDDAY: soyabeans higher

May soyabeans was up 7-1/4 cents at $13.04-1/2 per bushel, most-active July up 6-3/4 cents at $13.15-3/4. Strength in corn offsets profit-taking pressure. Nearby contracts find additional support from farmer conflict over Argentina's export tax policy on

Published 09 May, 2008 12:00am

Rising economic growth benefited every section of society: Singh

Recounting the successes of his coalition government, Indian Prime Minister Dr Manmohan Singh has said that the economic growth averaging almost nine percent in the last few years has benefited every section of society and has also enabled the government

Published 09 May, 2008 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

EU probe says travel websites mislead consumers

One in three European consumers are being misled or ripped off by websites selling airline tickets, the European Union's consumer chief said on Thursday, warning the industry to improve or face legal action. "It is unacceptable that one in three consumers

Published 09 May, 2008 12:00am

Troops block road to South Waziristan

Troops on Thursday blocked the main road, leading to South Waziristan on Afghan border, following a confrontation with al Qaeda-linked elements, a security official said. Residents said tension was running high because of the blockade, which came as the n

Published 09 May, 2008 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

US MIDDAY: copper falls

US copper futures fell again on Thursday, pushing below support that held a day earlier and triggered automatic sell orders. But traders said they mostly viewed copper losses as a drift down within its wider price range, pressured by a jump in exchange wa

Published 09 May, 2008 12:00am

LatAm foreign investment record $106 billion: UN

Foreign direct investment in Latin America and the Caribbean hit a record of over $100 billion in 2007, the UN Latin American Economic Commission said on Thursday. The increase was driven by transnational companies seeking to expand into new markets and c

Published 09 May, 2008 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

Singapore shares dip

Singapore share prices closed down 1.77 percent on Thursday following Wall Street's tumble as record-high oil prices renewed worries over inflation, dealers said. The blue chip Straits Times Index fell 57.07 points to 3,171.88 on volume of 1.59 billion sh

Published 09 May, 2008 12:00am

LCCI chief felicitates Wadood

Lahore Chamber of Commerce and Industry (LCCI) President Mohammad Ali Mian, Senior Vice President Mian Muzaffar Ali and Vice President Shafqat Saeed Piracha have congratulated Abdul Wadood Khan on his elevation as Sales Tax and Federal Excise member. "He

Published 09 May, 2008 12:00am

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 (May 08, 2008).

Published 09 May, 2008 12:00am

US MIDDAY: gold gains

US gold futures climbed 1 percent on Thursday as an initial dollar rally stalled, but bullion could still head lower in the near term, dealers said. June contract on Comex division of New York Mercantile Exchange up $8.00 at $879.20 an ounce at 10:32 am E

Published 09 May, 2008 12:00am

Abu Dhabi bank buys RHB stake

Abu Dhabi Commercial Bank bought a $1.23 billion stake in Malaysia's fourth largest lender, RHB Capital, on Thursday in a bid to exploit growing commercial ties between the Middle East and Asia.

Published 09 May, 2008 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

Malaysian shares plunge

Malaysian share prices closed 0.5 percent lower on Thursday as record oil prices and a sharp fall on Wall Street overnight prompted cautious investors to take profits, dealers said. The Kuala Lumpur Composite Index (KLCI) closed down 6.8 points at 1,280.3

Published 09 May, 2008 12:00am

Private sector urged to participate in municipal services projects

Water and sanitation and solid waste management sectors offer tremendous investment potential for private sector and bringing improvement in the quality of life of the citizens. This was stated by the speakers and experts at a workshop on "Public Private

Published 09 May, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

Indo-Pak friendship Mushaira on May 10

Pakistan and India friendship Mushaira will be organised by Gehwara-e-Adab on May 10, here at Annu Bhai Park, Nazimabad at 9 pm. Different committees have already been formed to arrange the poetry show. Famous poets from India as well as front-line poets

Published 09 May, 2008 12:00am

Best Buy enters Europe with Carphone retail deal

US-based Best Buy, the world's biggest electronics retailer, is to pay $2.1 billion for half of Britain's Carphone Warehouse chain to take on the European consumer electricals market. The deal creates a joint venture business that will compete with DSG In

Published 09 May, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

Hong Kong stocks decline

Hong Kong stocks fell 0.6 percent on Thursday in thin trade, tracking overseas markets, with oil refiners PetroChina and Sinopec leading the drop after crude prices hit a new record high. Oil producers bucked the broad market trend as they cheered crude p

Published 09 May, 2008 12:00am

Call for Kashmiri leadership's inclusion in dialogue process

An American mediation expert has called for including Kashmiri leadership in the dialogue process and said without their participation the issue of the disputed region will remain unresolved.

Published 09 May, 2008 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

Five security men killed in road accident

Five security men were killed and 12 were injured in a road accident when their vehicles collided in Surab District Kalat here on Thursday. According to details, FC vehicle was going to Panjgur from Quetta. It collided with a vehicle of Frontier Works Org

Published 09 May, 2008 12:00am

ArcelorMittal to invest $5-10 billion in Indonesia

The world's largest steelmaker, ArcelorMittal, said on Thursday it is looking to invest up to $10 billion in Indonesia as it taps into the country's steel and mining sector.

Published 09 May, 2008 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

US stocks tumble on record oil

US stocks tumbled on Wednesday, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel. Investors sold off shares of banks, home builders and companies dependent on consumer spending amid fears that rising pric

Published 09 May, 2008 12:00am

Five trucks, four trolleys loaded with wheat seized

In the on-going, province-wide drive against smuggling, five trucks and 4 trolleys loaded with fresh stock of wheat were seized in Pakpattan on Thursday. District Co-ordination Officer, Pakpattan Saeed Iqbal Wahla told APP by telephone that special check-

Published 09 May, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

Thalassemic patients: philanthropists asked to support generously

NWFP Minister for Health Syed Zahir Ali Shah has vowed to convert Thalassemia Prevention Project into a regular public health programme. This, he said, while addressing as chief guest at a ceremony on the eve of World Thalassemia Day at Khyber Medical Col

Published 09 May, 2008 12:00am

Losers lead gainers on ISE

Bulls failed to snatch floor from the bears on Thursday at the Islamabad Stock Exchange where ISE-10 Index showed a decrease of 23.62 points, as it moved from 3,157.86 to 3,134.24 points. The overall turnover amounted to 2,193,100 shares as compared to pr

Published 09 May, 2008 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 09 May, 2008 12:00am

US Treasury prices rally

US Treasury prices rallied on Wednesday as crude oil's surge to new records above $123 per barrel exacerbated fears about economic weakness, weighing on stocks and reviving Treasuries' safe haven appeal. The bond market smoothly absorbed new supply via th

Published 09 May, 2008 12:00am

Militants kill soldier in Swat

One paramilitary soldier was killed and another injured on Thursday when militants targeted a security checkpoint in Swat district, the military said. The rebels attacked a post jointly manned by local police and Frontier Corps troops in the Kabal area at

Published 09 May, 2008 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 09 May, 2008 12:00am

Call to save democracy

The post 9 March 2007 struggle has created an order that needs a focused media attention to groom the nation to full democracy that is practised in the developed world. The very fact that the lawyers' movement has survived more than one year convinces me

Published 09 May, 2008 12:00am

Losers lead gainers on ISE

Bulls failed to snatch floor from the bears on Thursday at the Islamabad Stock Exchange where ISE-10 Index showed a decrease of 23.62 points, as it moved from 3,157.86 to 3,134.24 points. The overall turnover amounted to 2,193,100 shares as compared to pr

Published 09 May, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (May 08, 2008).

Published 09 May, 2008 12:00am

US Treasury prices rally

US Treasury prices rallied on Wednesday as crude oil's surge to new records above $123 per barrel exacerbated fears about economic weakness, weighing on stocks and reviving Treasuries' safe haven appeal. The bond market smoothly absorbed new supply via th

Published 09 May, 2008 12:00am

City Nazim to be consulted for KW&SB budget: Durrani

Sindh Minister for Local Government Agha Siraj Durrani has said that City Nazim Karachi will be consulted for preparing Karachi Water and Sewerage Board's (KW&SB) new budget, while inquiry committee had been constituted to review illegal recruitment in th

Published 09 May, 2008 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 09 May, 2008 12:00am

The neglect of textile sector

It appears that the Governor of State Bank, Dr Shamshad Akhter, has no other work to do except vilifying the textile sector which she thinks was responsible for negative economic growth. She claims that Rs 40.0 billion R&D support was provided to textile

Published 09 May, 2008 12:00am

Share prices on LSE drift lower

Share prices have drifted lower on the Lahore Stock Exchange (LSE) on the second last day of the trading week, losing 1.48 percent on massive selling pressure in Mansha Group shares, which suffered heavily. The LSE-25 Index closed at 4,450.34 points compa

Published 09 May, 2008 12:00am

New York cotton

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

Published 09 May, 2008 12:00am

Philippines shares climb

Philippines share prices closed 0.8 percent higher on Thursday, reversing early losses on gains in Petron Corp and bargain hunting in blue chips, dealers said. The composite index put on 21.19 points to 2,760.62, off a high of 2,762.41. The all-share inde

Published 09 May, 2008 12:00am

Ground breaking of new US consulate building held

US Ambassador Anne W Patterson and Speaker Sindh Assembly Nisar A Khuhro on Thursday jointly performed the ground breaking of new US consulate building to be constructed here at a cost of $175 million.

Published 09 May, 2008 12:00am

New York cotton

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

Published 09 May, 2008 12:00am

Partly Facetious: why can't NRO apply to arrest warrants?

"So is an MNA automatically security cleared?"

Published 09 May, 2008 12:00am

Share prices on LSE drift lower

Share prices have drifted lower on the Lahore Stock Exchange (LSE) on the second last day of the trading week, losing 1.48 percent on massive selling pressure in Mansha Group shares, which suffered heavily. The LSE-25 Index closed at 4,450.34 points compa

Published 09 May, 2008 12:00am

Rising trend persists on grain market

Upward trend was seen on the grain market on Thursday amid subdued business, dealers said.On the rice sector Irri-9 Sindh maintained the rising trend as it gained Rs 400 to 6200-6400 during the thin business as buyers were conspicuous by their absence.

Published 09 May, 2008 12:00am

Thai share prices soar

Thai share prices closed 0.17 percent higher on Thursday due to gains in major shares especially in the energy sector, dealers said. They said the Thai bourse bucked the regional trend, as other markets in Hong Kong and Singapore were dragged down by an o

Published 09 May, 2008 12:00am

Security situation in NWFP suitable for by-polls: ANP

Provincial President of Awami National Party Afrasiab Khattak has said that security situation in the NWFP is suitable for by-elections. Talking to a private TV channel he said the Election Commission of Pakistan had delayed the holding of by-elections in

Published 09 May, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 144,077 tonnes cargo including 92,993 tonnes import, 51,084 tonnes export cargo and 3,810 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The cargoes comprised of 74,605 tonnes dry cargo including 51,974 t

Published 09 May, 2008 12:00am

Ahmadinejad faces new dilemma as rice prices rise in Iran

Iranian President Mahmoud Ahmadinejad can certainly not complain about not having enough excitement these days. The country is facing renewed financial sanctions through the United Nations Security Council due to Tehran's defiance over its nuclear project

Published 09 May, 2008 12:00am

Share prices on LSE drift lower

Share prices have drifted lower on the Lahore Stock Exchange (LSE) on the second last day of the trading week, losing 1.48 percent on massive selling pressure in Mansha Group shares, which suffered heavily. The LSE-25 Index closed at 4,450.34 points compa

Published 09 May, 2008 12:00am

Brazil's new coffee crop seen at 45.5 million bags

Brazil's 2008/09 coffee crop was forecast at 45.5 million 60-kg bags, up from the 41.3 million to 44.2 million bag range projected in April, the agriculture ministry's crop supply department, Conab, said Thursday. That would mean a harvest 35 percent bigg

Published 09 May, 2008 12:00am

Nikkei falls 1.1 percent

Japan's Nikkei average fell 1.1 percent on Thursday, its first negative day in three, as financials such as Mitsubishi UFJ Financial Group and other recent gainers were sold after a tumble on Wall Street. The index's fall accelerated briefly in the final

Published 09 May, 2008 12:00am

Alam Cotton Mills gets certification

Alam Cotton Mills is the 6th textile mill in Pakistan and among the only 36 companies worldwide to have this certification from Uster Technologies AG, Switzerland. In addition, Alam Cotton Mills, a spinning mill with the state of the art machinery set up

Published 09 May, 2008 12:00am

Milk powder prices mixed on Jodia Bazaar

The trading on milk powder moved both ways on Jodia Bazaar here on Thursday. The following variations were noted.

Published 09 May, 2008 12:00am

Comments on newly promulgated Industrial Relations Act 2008 - I

Industrial Relations Ordinance 2002 was promulgated as a result of the labour policy of 2002. Earlier four labour policies were announced in 1955, 1959, 1969 and 1972. Unfortunately, the Industrial Relations Ordinance 2002 was promulgated by the previous

Published 09 May, 2008 12:00am

Zardari and Nawaz to meet in London over judges row

Pakistan Peoples Party (PPP) leader Asif Ali Zardari and chief of the Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif will meet in Britain this week for a final decision on how to reinstate judges sacked by President Pervez Musharraf, party officials s

Published 09 May, 2008 12:00am

Canadian canola futures higher

Canadian canola futures were higher on Wednesday, supported by gains in the US soya complex and record-high crude oil prices, traders said. ICE canola futures ended $8.90 to $10.10 per tonne higher, with July up $8.90 at $601.70 and November up $10.10 at

Published 09 May, 2008 12:00am

China stocks jump

Chinese stocks rebounded more than 2 percent on Thursday in response to signs that authorities were determined to support the market. The benchmark Shanghai Composite Index, which had slumped 4.13 percent the previous day, rose 2.17 percent to 3,656.839 p

Published 09 May, 2008 12:00am

Rural areas to get women welfare, development centres

The Social Welfare and Special Education Minister, Khawaja Muhammad Khan Hoti has said that the government will establish Women Welfare and Development Centres (WWDC) in the rural areas for women empowerment, says a press release.

Published 09 May, 2008 12:00am

KCBT wheat futures lower

Hard red winter wheat futures on the Kansas City Board of Trade closed lower on Wednesday on prospects for a large US and world wheat crop, traders said. The bellwether KCBT July wheat contract settled 6-1/4 cents lower at $8.57-3/4 per bushel, with back

Published 09 May, 2008 12:00am

Indifference to International Firefighters Day

Unlike the other nominated days, the International Firefighters Day (IFFD) which falls on May 4, passed largely unnoticed in Pakistan, as though it had no relevance, whatsoever, for this country.

Published 09 May, 2008 12:00am

Zardari and Nawaz to meet in London over judges row

Pakistan Peoples Party (PPP) leader Asif Ali Zardari and chief of the Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif will meet in Britain this week for a final decision on how to reinstate judges sacked by President Pervez Musharraf, party officials s

Published 09 May, 2008 12:00am

US Midwest corn bids fall

Spot basis bids for corn fell at railroad terminals on Wednesday but held steady at other locations around the US Midwest, grain dealers said. Cash bids for soyabeans were mostly unchanged at elevators and processors around the region. Farmer selling was

Published 09 May, 2008 12:00am

Indian shares slump 1.49 percent

Indian share prices fell 1.49 percent on Thursday as oil prices rose to a new record high renewing fears of inflation. They said investors chose to unwind positions awaiting key inflation data on Friday, which could determine near-term trends.

Published 09 May, 2008 12:00am

Warid launches reward scheme

Warid Telecom (Pvt) Ltd launched the most exciting reward scheme for its loyal Zem users. Zem prepaid subscribers were offered extra balance upon loading their scratch cards and enormous cash prizes. Since launch, Warid Telecom has been rewarding patronag

Published 09 May, 2008 12:00am

US wheat futures lower

US wheat futures closed lower on Wednesday on technical selling and the approaching harvest of what is expected to be a large US and world wheat crop, traders said. At the Chicago Board of Trade, most-active July soft red winter wheat fell 10-1/2 cents to

Published 09 May, 2008 12:00am

The rupee decline

The downward trend of the Pakistani rupee vis-a-vis all major currencies of the world continues unabated. The rupee peaked at 66.79 to a dollar in the open market on Tuesday, and after State Bank intervention, strengthened to 64.90 rupees. However, prior

Published 09 May, 2008 12:00am

Trading in futures contracts for cotton resumes

The cotton hedge trading has been resumed on Karachi Cotton Exchange after a gap of 32 years with the finalisation of a deal of 200 bales of the 2008-09 crop for August delivery. Market sources told Business Recorder on Thursday that traders and te

Published 09 May, 2008 12:00am

Oil cake market rates

Steadier trend was again seen on the forward cottonseed oilcake market on Thursday in process of sluggish trade, dealers said. The May vaida commenced inert at Rs 781.00 and that proved to be day's best at the same level and closing was seen at the same l

Published 09 May, 2008 12:00am

Jakarta shares slightly down

Indonesian shares closed 0.2 percent lower on Thursday after energy-related stocks and coal miners bounced back late afternoon on hopes of continued high commodity prices, dealers said. Banks and property stocks were mostly lower amid fears that record oi

Published 09 May, 2008 12:00am

During transmission, distribution process: quarter of total power generation disappears: survey

A quarter of the total electricity generation in Pakistan disappears during transmission and distribution process, reveals a government survey conducted recently. The losses have increased to 22.521 million kwh units in 2005-06 and might have surged up ti

Published 09 May, 2008 12:00am

Spot rate raised by Rs 25 on cotton market

Firmer trend was again witnessed on the cotton market on Thursday as the official spot rate was up modestly amid thin activity, brokers said. The Karachi Cotton Association (KCA) official spot rate was higher by Rs 25 to at Rs 3375. A deal of 200 bales of

Published 09 May, 2008 12:00am

Renting peace mercenaries

Pakistan gets paid by the United States for its military operations in Fata, or so it seems to be the common impression. How this payment should be spent is presently an issue of contention between the two governments, bringing into sharp relief the merce

Published 09 May, 2008 12:00am

Trading in futures contracts for cotton resumes

The cotton hedge trading has been resumed on Karachi Cotton Exchange after a gap of 32 years with the finalisation of a deal of 200 bales of the 2008-09 crop for August delivery. Market sources told Business Recorder on Thursday that traders and te

Published 09 May, 2008 12:00am

Steady condition continues on cotton market

With decreasing ready stocks of cotton from the current crop (2007-08) remaining unsold with the ginners and the forthcoming season (2008-09) still several months away before it can provide sizeable supplies to the domestic textile industry, lint prices i

Published 09 May, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.83
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
Nasdaq / Nov 25	18,054.84
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Petrol/Litre / Nov 26	248.38
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Diesel/Litre / Nov 26	255.14

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 26 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 26 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 26 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 26 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 26 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 26 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 26 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 26 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
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