News Archives for Print - 2008-05-18 - Business Recorder

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Print - 2008-05-18

US investors interested in Karachi development projects: Kamal

US investors interested in Karachi development projects: Kamal

City Nazim Mustafa Kamal has said that American investors have shown interest in city development projects and a number of delegations are likely to visit Karachi soon to discuss, assess and make investment plans.

Published 18 May, 2008 12:00am

US investors interested in Karachi development projects: Kamal

US investors interested in Karachi development projects: Kamal

City Nazim Mustafa Kamal has said that American investors have shown interest in city development projects and a number of delegations are likely to visit Karachi soon to discuss, assess and make investment plans.

Published 18 May, 2008 12:00am

Poorest of poor to get relief in next budget: Prime Minister

Poorest of poor to get relief in next budget: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that poorest of the poor would get relief in the forthcoming budget. He was talking to newsmen at Chaklala Airbase before his departure for Egypt to attend the World Economic Forum on Middle East on Saturday

Published 18 May, 2008 12:00am

LPG price further increased

LPG price further increased

Liquefied petroleum gas (LPG) marketing companies have once again increased the price of LPG by rupee one to Rs 51 per kilogram in Karachi and Rs 52 in Punjab. LPG Distributors Association Chairman Abdul Hadi Khan said on Saturday the retail price of 11.8

Published 18 May, 2008 12:00am

LPG price further increased

LPG price further increased

Liquefied petroleum gas (LPG) marketing companies have once again increased the price of LPG by rupee one to Rs 51 per kilogram in Karachi and Rs 52 in Punjab. LPG Distributors Association Chairman Abdul Hadi Khan said on Saturday the retail price of 11.8

Published 18 May, 2008 12:00am

LPG price further increased

LPG price further increased

Liquefied petroleum gas (LPG) marketing companies have once again increased the price of LPG by rupee one to Rs 51 per kilogram in Karachi and Rs 52 in Punjab. LPG Distributors Association Chairman Abdul Hadi Khan said on Saturday the retail price of 11.8

Published 18 May, 2008 12:00am

Fed's Lockhart says world will feel US slowdown

Fed's Lockhart says world will feel US slowdown

US exports have been helped by a weaker dollar and this is providing a boost to an otherwise weak economy, Federal Reserve Bank of Atlanta President Dennis Lockhart said on Saturday.

Published 18 May, 2008 12:00am

China offers little to Taiwan firms as labour costs rise

China offers little to Taiwan firms as labour costs rise

Taiwan businesses struggling with more expensive labour in China should move up the value-added chain, Chinese officials said on Saturday, though they offered little relief to help the companies cut costs.

Published 18 May, 2008 12:00am

Colombia economy shows signs of slower growth

Colombia economy shows signs of slower growth

Colombia's economy showed signs of slower growth in the first quarter with key industrial production and retail sales figures expanding much less than a year ago. Industrial production rose 1.35 percent compared with 15.26 percent in the 2007 first quarte

Published 18 May, 2008 12:00am

EBRD says loans to Turkey must not dilute mission

EBRD says loans to Turkey must not dilute mission

The EBRD said on Saturday its mission to grow market economies in former Soviet states must not be diluted by a flood of new entrants if the development bank's members agree to widen lending to include Turkey.

Published 18 May, 2008 12:00am

Biofuels must not deprive poor of food: EU

Biofuels must not deprive poor of food: EU

Biofuels must not deprive the world's poor of food, a senior European official said, as he proposed a greater focus on second-generation biofuels that would be more environmentally friendly.

Published 18 May, 2008 12:00am

Water scarcity likely to affect agriculture produce: SAB

Water scarcity likely to affect agriculture produce: SAB

The Sindh Abadgar Board (SAB) foresees that acute water scarcity in Sindh would adversely affect the agriculture, including rice cultivation in the province. The government should therefore take strict measures to control the soaring prices of fertilisers

Published 18 May, 2008 12:00am

Pakistan yet to reap IT benefits: Gilani

Pakistan yet to reap IT benefits: Gilani

Prime Minister Yousuf Raza Gilani on Saturday said Pakistan is yet to reap the benefits of Information Technology that has played an important role in the socio-economic development of the world.

Published 18 May, 2008 12:00am

Pakistan yet to reap IT benefits: Gilani

Pakistan yet to reap IT benefits: Gilani

Prime Minister Yousuf Raza Gilani on Saturday said Pakistan is yet to reap the benefits of Information Technology that has played an important role in the socio-economic development of the world.

Published 18 May, 2008 12:00am

Pakistan yet to reap IT benefits: Gilani

Pakistan yet to reap IT benefits: Gilani

Prime Minister Yousuf Raza Gilani on Saturday said Pakistan is yet to reap the benefits of Information Technology that has played an important role in the socio-economic development of the world.

Published 18 May, 2008 12:00am

FBR suspends enforcement of customs agents licensing rules

FBR suspends enforcement of customs agents licensing rules

The Federal Board of Revenue has suspended implementation of the new customs agents licensing rules to facilitate import and export clearances under the old procedure. In this connection, the FBR on Saturday issued a clarification to All Pakistan Customs

Published 18 May, 2008 12:00am

FBR suspends enforcement of customs agents licensing rules

FBR suspends enforcement of customs agents licensing rules

The Federal Board of Revenue has suspended implementation of the new customs agents licensing rules to facilitate import and export clearances under the old procedure. In this connection, the FBR on Saturday issued a clarification to All Pakistan Customs

Published 18 May, 2008 12:00am

FBR suspends enforcement of customs agents licensing rules

FBR suspends enforcement of customs agents licensing rules

The Federal Board of Revenue has suspended implementation of the new customs agents licensing rules to facilitate import and export clearances under the old procedure. In this connection, the FBR on Saturday issued a clarification to All Pakistan Customs

Published 18 May, 2008 12:00am

Malaysians evince keen interest in coal-fired power projects

Malaysians evince keen interest in coal-fired power projects

A Malaysian investors delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Federal Finance Minister Naveed Qamar here on Saturday. It comprised chief executives of companies that are developing major infrastructure projects in Malays

Published 18 May, 2008 12:00am

Malaysians evince keen interest in coal-fired power projects

Malaysians evince keen interest in coal-fired power projects

A Malaysian investors delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Federal Finance Minister Naveed Qamar here on Saturday. It comprised chief executives of companies that are developing major infrastructure projects in Malays

Published 18 May, 2008 12:00am

Malaysians evince keen interest in coal-fired power projects

Malaysians evince keen interest in coal-fired power projects

A Malaysian investors delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Federal Finance Minister Naveed Qamar here on Saturday. It comprised chief executives of companies that are developing major infrastructure projects in Malays

Published 18 May, 2008 12:00am

Saudi oil boost doesn''t solve US problem: Bush

Saudi oil boost doesn''t solve US problem: Bush

President Bush said Saturday that the Saudis'' modest increase in oil production is "something but it doesn''t solve our problem" of soaring gas prices. Taking note of the kingdom''s recent decision to raise production by 300,000 barrels a day, the presid

Published 18 May, 2008 12:00am

Saudi oil boost doesn't solve US problem: Bush

Saudi oil boost doesn't solve US problem: Bush

President Bush said Saturday that the Saudis' modest increase in oil production is "something but it doesn't solve our problem" of soaring gas prices. Taking note of the kingdom's recent decision to raise production by 300,000 barrels a day, the president

Published 18 May, 2008 12:00am

Saudi oil boost doesn't solve US problem: Bush

Saudi oil boost doesn't solve US problem: Bush

President Bush said Saturday that the Saudis' modest increase in oil production is "something but it doesn't solve our problem" of soaring gas prices. Taking note of the kingdom's recent decision to raise production by 300,000 barrels a day, the president

Published 18 May, 2008 12:00am

''Holding period'' concept for CGT likely: India and UK tax models under study

''Holding period'' concept for CGT likely: India and UK tax models under study

The government is actively examining taxation models of India and United Kingdom (UK) for introducing the concept of holding period (time period) for possible imposition of capital gain tax (CGT) on sales of listed securities from fiscal year 2008-09.

Published 18 May, 2008 12:00am

'Holding period' concept for CGT likely: India and UK tax models under study

'Holding period' concept for CGT likely: India and UK tax models under study

The government is actively examining taxation models of India and United Kingdom (UK) for introducing the concept of holding period (time period) for possible imposition of capital gain tax (CGT) on sales of listed securities from fiscal year 2008-09.

Published 18 May, 2008 12:00am

'Holding period' concept for CGT likely: India and UK tax models under study

'Holding period' concept for CGT likely: India and UK tax models under study

The government is actively examining taxation models of India and United Kingdom (UK) for introducing the concept of holding period (time period) for possible imposition of capital gain tax (CGT) on sales of listed securities from fiscal year 2008-09.

Published 18 May, 2008 12:00am

IMF team briefed on 2008-09 budget strategy

IMF team briefed on 2008-09 budget strategy

The economic team of the government on Saturday briefed the visiting International Monetary Fund (IMF) mission on the 2008-09 budget strategy being followed by it to overcome fiscal difficulties in short span of time available.

Published 18 May, 2008 12:00am

The Weather

The Weather

The weather report on Saturday (May 17, 2008) and the forecast for Sunday (May 18, 2008).

Published 18 May, 2008 12:00am

IMF team briefed on 2008-09 budget strategy

IMF team briefed on 2008-09 budget strategy

The economic team of the government on Saturday briefed the visiting International Monetary Fund (IMF) mission on the 2008-09 budget strategy being followed by it to overcome fiscal difficulties in short span of time available.

Published 18 May, 2008 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

IMF team briefed on 2008-09 budget strategy

IMF team briefed on 2008-09 budget strategy

The economic team of the government on Saturday briefed the visiting International Monetary Fund (IMF) mission on the 2008-09 budget strategy being followed by it to overcome fiscal difficulties in short span of time available.

Published 18 May, 2008 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Bush reassures Abbas on 'dream' of Palestinian state

Bush reassures Abbas on 'dream' of Palestinian state

US President George W. Bush on Saturday pledged to Palestinian leader Mahmud Abbas his determination to help achieve the "dream" of a Palestinian state, despite stagnant peace talks.

Published 18 May, 2008 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Terrorists want to prevent normalisation of Indo-Pak ties: Manmohan

Terrorists want to prevent normalisation of Indo-Pak ties: Manmohan

Indian Prime Minister Manmohan Singh Saturday said terrorists want to prevent normalisation of relations between India and Pakistan and an effective strategy needed to be adopted to defeat such "nefarious designs".

Published 18 May, 2008 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

'Charter of democracy' is still a valid document: Nawaz

'Charter of democracy' is still a valid document: Nawaz

Nawaz Sharif has said that the 'charter of democracy' (CoD) is still a valid document, and PML-N is ready to implement it. In an interview with Voice of America, he said that the genuine implementation of the CoD was possible through involvement of all th

Published 18 May, 2008 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Senator Kennedy hospitalised after seizure

Senator Kennedy hospitalised after seizure

US Senator Edward Kennedy, a leading Democrat and patriarch of a prominent American political dynasty, was hospitalised on Saturday after suffering a seizure at his Cape Cod vacation home. Kennedy, 76, was rushed from the family compound at Hyannisport, M

Published 18 May, 2008 12:00am

Multan commodities market rates

Multan commodities market rates

Commodities market rates in rupees on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

It's lawyers' democratic right: Sherry

It's lawyers' democratic right: Sherry

Information Minister, Sherry Rehman on Saturday said announcement to launch a long march by the lawyers is their democratic right, a private TV channel reported. Talking to a private TV channel after the announcement of long march on June 10 by lawyers, s

Published 18 May, 2008 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

It's lawyers' democratic right: Sherry

It's lawyers' democratic right: Sherry

Information Minister, Sherry Rehman on Saturday said announcement to launch a long march by the lawyers is their democratic right, a private TV channel reported. Talking to a private TV channel after the announcement of long march on June 10 by lawyers, s

Published 18 May, 2008 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Zardari phones chief minister Punjab

Zardari phones chief minister Punjab

Co-chairman, Pakistan Peoples Party, Asif Ali Zardari, telephoned Chief Minister Punjab Sardar Dost Muhammad Khan Khosa at D.G.Khan on Saturday. According to a handout issued here on Saturday, various administrative matters regarding Punjab province came

Published 18 May, 2008 12:00am

Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Prime Minister praises Army for improving security in South Waziristan

Prime Minister praises Army for improving security in South Waziristan

Prime Minister Yousuf Raza Gilani has appreciated the efforts of the Army in improving the security situation in South Waziristan Agency enabling the displaced people of the area to return to their homes and villages.

Published 18 May, 2008 12:00am

Karachi Plastic/Urea Moulding Compounds Rates

Karachi Plastic/Urea Moulding Compounds Rates

Karachi Plastic/Urea Moulding Compounds Rates on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Prime Minister briefed about PAF's uplift plans, preparedness

Prime Minister briefed about PAF's uplift plans, preparedness

Prime Minister Syed Yousuf Raza Gilani Saturday was given detailed briefing on the ongoing development programmes of Pakistan Air Force (PAF) and its preparedness to protect the country's aerial frontiers, at Air Headquarters here.

Published 18 May, 2008 12:00am

Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Long march for judges' restoration on June 10

Long march for judges' restoration on June 10

Lawyers have decided to resume street protests for the reinstatement of the deposed judges with a long march, "Adlia Bahali long march," on June 10. All Pakistan lawyers representatives' conference, held at the Lahore High Court Bar Association (KHCBA) he

Published 18 May, 2008 12:00am

Karachi chemicals and dyes market rates

Karachi chemicals and dyes market rates

Chemicals and dyes market rates in rupees on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Long march for judges' restoration on June 10

Long march for judges' restoration on June 10

Lawyers have decided to resume street protests for the reinstatement of the deposed judges with a long march, "Adlia Bahali long march," on June 10. All Pakistan lawyers representatives' conference, held at the Lahore High Court Bar Association (KHCBA) he

Published 18 May, 2008 12:00am

Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

July-April foreign investment down 39.5 percent

July-April foreign investment down 39.5 percent

Net foreign investment declined by over two billion dollars or 39 percent during the first 10 months of the current fiscal year mainly due to high portfolio investment outflows and political uncertainty in the country.

Published 18 May, 2008 12:00am

Rates of spices and other allied commodities

Rates of spices and other allied commodities

Rates of spices and other allied commodities in rupees prevailing on the commodity markets in Karachi on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

July-April foreign investment down 39.5 percent

July-April foreign investment down 39.5 percent

Net foreign investment declined by over two billion dollars or 39 percent during the first 10 months of the current fiscal year mainly due to high portfolio investment outflows and political uncertainty in the country.

Published 18 May, 2008 12:00am

Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

July-April foreign investment down 39.5 percent

July-April foreign investment down 39.5 percent

Net foreign investment declined by over two billion dollars or 39 percent during the first 10 months of the current fiscal year mainly due to high portfolio investment outflows and political uncertainty in the country.

Published 18 May, 2008 12:00am

Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

THE RUPEE: narrow gap between official, kerb rates

THE RUPEE: narrow gap between official, kerb rates

Bullish sentiment was witnessed on the interbank market on Saturday as the rupee rose by 30 paisa against the dollar for buying and selling at 68.60 and 68.80, dealers said. The feature of the day was difference between the official and open market rates,

Published 18 May, 2008 12:00am

THE RUPEE: narrow gap between official, kerb rates

THE RUPEE: narrow gap between official, kerb rates

Bullish sentiment was witnessed on the interbank market on Saturday as the rupee rose by 30 paisa against the dollar for buying and selling at 68.60 and 68.80, dealers said. The feature of the day was difference between the official and open market rates,

Published 18 May, 2008 12:00am

Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (May 17, 2008) and for Sunday (May 18, 2008).

Published 18 May, 2008 12:00am

Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 19, 2008.

Published 18 May, 2008 12:00am

EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 19, 2008.

Published 18 May, 2008 12:00am

EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 19, 2008.

Published 18 May, 2008 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Currency values in terms of Special Drawing Rights

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 18 May, 2008 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Banks' rates for currency notes (buying and selling)

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 Saturday (May 17, 2008).

Published 18 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 Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

LIBOR calculating interest on US dollar

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (May 17, 2008).

Published 18 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 Saturday (May 17, 2008).

Published 18 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 Saturday (May 17, 2008).

Published 18 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 Saturday (May 17, 2008).

Published 18 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 18 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 18 May, 2008 12:00am

Karachi interbank rates

Karachi interbank rates

Karachi interbank rates on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am

Aaj TV - Saturday's schedule

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 18 May, 2008 12:00am

Nespresso to hit hefty sales target this year

Nespresso to hit hefty sales target this year

Nespresso, the premium coffee-capsule division of food group Nestle, expects to reach two billion Swiss francs (US $1.9 billion) in sales in 2008, two years earlier than planned, an executive of the company told Reuters.

Published 18 May, 2008 12:00am

European cash coffee market sees bargain hunting

European cash coffee market sees bargain hunting

Europe's physical coffee market saw active purchasing of a range of origins this week as roasters sought to benefit from dips in New York prices, but business in the key exporters Brazil and Vietnam remained slack, traders said on Friday.

Published 18 May, 2008 12:00am

US crop prices soaring to historic levels

US crop prices soaring to historic levels

With US crop prices soaring to historic levels, times are seemingly good for grain farmers and agribusiness firms. So why are lenders worried about the US farm economy?

Published 18 May, 2008 12:00am

Brazil coffee zones still dry but warm

Brazil coffee zones still dry but warm

Brazil's coffee zones have gone a second week with little or no rain, but temperatures are still well above freezing as winter approaches, private weather service Somar said on Friday. No rain was recorded in the last three days in the main coffee-produci

Published 18 May, 2008 12:00am

US corn ends lower

US corn ends lower

US corn futures on the Chicago Board of Trade closed lower on Friday, retreating from early advances on weak cash markets and prospects for planting progress, traders said. CBOT July corn closed 8 cents lower at $5.91 per bushel, with new-crop December do

Published 18 May, 2008 12:00am

US wheat futures end higher

US wheat futures end higher

US wheat futures closed higher in Chicago and Kansas City on Friday on light short covering after a seesaw session, traders said. Wheat futures were seen as oversold and due for a bounce following a two-month slide, but the approaching harvest of a record

Published 18 May, 2008 12:00am

Lack of demand weakens corn and soya steady

Lack of demand weakens corn and soya steady

US FOB Gulf corn basis offers were lower on Friday amid a lack of export demand due to high ocean freight, while soyabeans were steady, traders said. Basis values for corn fell 2 cents a bushel and by 7 to 8 cents in the CIF barge market for May and June

Published 18 May, 2008 12:00am

Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 135,123 tonnes cargo including 84,607 tonnes import, 50,516 tonnes export cargo and 2,856 containers (TEUs) during last 24 hours ended at 0700 hours on Saturday. The cargoes comprised of 84,588 tonnes dry cargo including 58,406 to

Published 18 May, 2008 12:00am

CIF Gulf Grain: demand firms soya, corn mostly steady

CIF Gulf Grain: demand firms soya, corn mostly steady

US Gulf CIF soyabean basis values were firm on Friday, supported by export sales and expectations for demand, while corn was steady, traders said. USDA reported the sale of 253,000 tonnes of US soyabeans to China for delivery in the 2008/09 season startin

Published 18 May, 2008 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 25	154.29
USD to Swiss Franc / Nov 25	0.89
Pound Sterling to USD / Nov 25	1.26
Euro to USD / Nov 25	1.05

Stock	Volume
S&P 500 / Nov 22	5,969.34
Nasdaq / Nov 22	18,003.65
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59
France CAC40 / Nov 22	7,255.01
India Sensex / Nov 25	80,331.40
Tokyo Nikkei / Nov 25	38,933.62

Item	Value
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 25	248.38
Crude Oil USD/Barrel / Nov 25	70.68
Karachi Cotton PKR/37.32 KG / Nov 25	17,685
Gold Spot USD/Ounce / Nov 25	2,664.27
Diesel/Litre / Nov 25	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 25 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 25 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 25 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 25 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 25 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 25 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 25 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 25 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 25 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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