News Archives for Print - 2008-05-29

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 29 May, 2008 12:00am

Zardari rejects withdrawal of subsidy on oil

Pakistan People's Party (PPP), co-chairman, Asif Ali Zardari on Wednesday outrightly rejected the proposal to do away with the subsidy on imported oil from the next fiscal, it was reliably learnt. He said that to compensate the widening deficit gap, SoS m

Published 29 May, 2008 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Zardari rejects withdrawal of subsidy on oil

Pakistan People's Party (PPP), co-chairman, Asif Ali Zardari on Wednesday outrightly rejected the proposal to do away with the subsidy on imported oil from the next fiscal, it was reliably learnt. He said that to compensate the widening deficit gap, SoS m

Published 29 May, 2008 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

''SOS'' to Prime Minister: ''EDB should be placed under Planning Commission control''

The Engineering Development Board (EDB) seems to be heading nowhere as it has failed to strengthen the engineering industry because of politically motivated appointments by the Ministry of Industries, Production.

Published 29 May, 2008 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

'SOS' to Prime Minister: 'EDB should be placed under Planning Commission control'

The Engineering Development Board (EDB) seems to be heading nowhere as it has failed to strengthen the engineering industry because of politically motivated appointments by the Ministry of Industries, Production.

Published 29 May, 2008 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

'SOS' to Prime Minister: 'EDB should be placed under Planning Commission control'

The Engineering Development Board (EDB) seems to be heading nowhere as it has failed to strengthen the engineering industry because of politically motivated appointments by the Ministry of Industries, Production.

Published 29 May, 2008 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Chemical industry: duty on raw materials may be cut to five percent

The government is considering to reduce the duty on import of raw materials for chemical industry to five percent from existing 10 percent in the upcoming budget, it was learnt.

Published 29 May, 2008 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Chemical industry: duty on raw materials may be cut to five percent

The government is considering to reduce the duty on import of raw materials for chemical industry to five percent from existing 10 percent in the upcoming budget, it was learnt.

Published 29 May, 2008 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Chemical industry: duty on raw materials may be cut to five percent

The government is considering to reduce the duty on import of raw materials for chemical industry to five percent from existing 10 percent in the upcoming budget, it was learnt.

Published 29 May, 2008 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Feingold opposes Pakistan-militant talks: UK endorses peace deal

A top US Senator on Wednesday said that Pakistan should not negotiate with Taliban or al Qaeda militants near the Afghan border and should limit peace talks to tribal elders.

Published 29 May, 2008 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Feingold opposes Pakistan-militant talks: UK endorses peace deal

A top US Senator on Wednesday said that Pakistan should not negotiate with Taliban or al Qaeda militants near the Afghan border and should limit peace talks to tribal elders.

Published 29 May, 2008 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Drug smuggling into China: 20 Pakistani officials in jails

The Chinese government has issued a directive to the interior ministry to curb drug-smuggling from Pakistan to China. The Chinese government alleged that about 20 Pakistani officials were being interrogated on charges of drug smuggling from Pakistan to Ch

Published 29 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 Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Drug smuggling into China: 20 Pakistani officials in jails

The Chinese government has issued a directive to the interior ministry to curb drug-smuggling from Pakistan to China. The Chinese government alleged that about 20 Pakistani officials were being interrogated on charges of drug smuggling from Pakistan to Ch

Published 29 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 Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

'Nepal's monarchy abolished, republic declared'

A constitutional assembly in Nepal on Wednesday voted overwhelmingly in favour of abolishing the Himalayan nation's 240-year-old monarchy and declaring a republic, an official announced. "The proposal for the implementation of a republic has been passed b

Published 29 May, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

'Nepal's monarchy abolished, republic declared'

A constitutional assembly in Nepal on Wednesday voted overwhelmingly in favour of abolishing the Himalayan nation's 240-year-old monarchy and declaring a republic, an official announced. "The proposal for the implementation of a republic has been passed b

Published 29 May, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Cluster bombs ban text agreed after British move

The text of a landmark international convention to ban cluster bombs was agreed Wednesday by delegates from more than 100 countries meeting in Dublin, an Irish foreign ministry spokeswoman told AFP.

Published 29 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 Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

FC foils wheat flour smuggling to Afghanistan

Frontier Corps on Wednesday foiled an attempt of wheat flour smuggling at Chaman border and seized 22 tons of flour in a raid. Major Shahid, an FC spokesman said that the smugglers were trying to smuggle the flour to Afghanistan via Chaman border.

Published 29 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 Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Allegation of nuclear technology transfer: I will disclose facts at appropriate time, says Dr Khan

Renowned nuclear scientist Dr A Q Khan said that he would disclose at appropriate time why he admitted having transferred the nuclear technology to other countries, Aaj TV reported. According to the channel, Dr A Q Khan said this in an interview wi

Published 29 May, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Pakistan is a responsible nuclear power: foreign office

Pakistan has taken its responsibilities as a nuclear weapon state seriously. "We have not relented in our pursuit for creating a peaceful global and regional environment," said Ministry of Foreign Affairs at the 10th anniversary of the nuclear tests condu

Published 29 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 29 May, 2008 12:00am

US 'skeptical' of Pakistan militant deal

The United States is skeptical of a peace deal signed earlier this month between Pakistani authorities and Islamist militants, a State Department spokesman said Wednesday. "We've seen similar kinds of agreements reached in the past that have not been succ

Published 29 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 29 May, 2008 12:00am

US' Paulson to push for oil investment in Middle East

US Treasury Secretary Henry Paulson will emphasise during a trip to the Middle East the need to allow private sector investment in the oil industry, a senior Treasury official said on Wednesday.

Published 29 May, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (May 28, 2008).

Published 29 May, 2008 12:00am

Indonesia to pull out of Opec: minister

Indonesia will withdraw from the Organisation of Petroleum Exporting Countries (Opec) after years of declining exports, the energy minister said on Wednesday even as other producers cash in on soaring oil prices.

Published 29 May, 2008 12:00am

New York cotton

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

Published 29 May, 2008 12:00am

Brokers to meet Zardari today

Karachi stock brokers delegation arrived in Islamabad on Wednesday night to meet Pakistan People''s Party Co-chairman Asif Ali Zardari, a private TV channel reported. The delegation will discuss with Zardari the present sharp decline on stock market, TV c

Published 29 May, 2008 12:00am

New York cotton

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

Published 29 May, 2008 12:00am

Brokers to meet Zardari today

Karachi stock brokers delegation arrived in Islamabad on Wednesday night to meet Pakistan People's Party Co-chairman Asif Ali Zardari, a private TV channel reported. The delegation will discuss with Zardari the present sharp decline on stock market, TV ch

Published 29 May, 2008 12:00am

The Weather

The weather report on Wednesday (May 28, 2008) and the forecast for Thursday (May 29, 2008).

Published 29 May, 2008 12:00am

Brokers to meet Zardari today

Karachi stock brokers delegation arrived in Islamabad on Wednesday night to meet Pakistan People's Party Co-chairman Asif Ali Zardari, a private TV channel reported. The delegation will discuss with Zardari the present sharp decline on stock market, TV ch

Published 29 May, 2008 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 29 May, 2008 12:00am

Stocks 4.4 percent down on rumour that Musharraf has quit

Rumours about President Musharraf''s "resignation" and some brokers'' inability to address margin calls on Wednesday led to cause aggressive selling on Karachi Stock Exchange where KSE-100 index witnessed a heavy decline of 567.27 points, closing at 12,25

Published 29 May, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 129,724 tonnes cargo including 92,680 tonnes import, 37,044 tonnes export cargo and 3,357 containers (TEUs) during last 24 hours ended at 0700 hours on Wednesday. The cargoes comprised of 98,234 tonnes dry cargo including 61,344 t

Published 29 May, 2008 12:00am

Stocks 4.4 percent down on rumour that Musharraf has quit

Rumours about President Musharraf's "resignation" and some brokers' inability to address margin calls on Wednesday led to cause aggressive selling on Karachi Stock Exchange where KSE-100 index witnessed a heavy decline of 567.27 points, closing at 12,254.

Published 29 May, 2008 12:00am

US wheat ends higher

US wheat futures closed higher on Tuesday as concerns about dry weather in Australia prompted light short covering, traders said. Australia's eastern wheat regions, which normally account for 30 percent of the country's crop, are unlikely to receive suffi

Published 29 May, 2008 12:00am

Stocks 4.4 percent down on rumour that Musharraf has quit

Rumours about President Musharraf's "resignation" and some brokers' inability to address margin calls on Wednesday led to cause aggressive selling on Karachi Stock Exchange where KSE-100 index witnessed a heavy decline of 567.27 points, closing at 12,254.

Published 29 May, 2008 12:00am

Czarnikow sees lower global sugar surplus

The global sugar surplus is set to fall to 1.6 million tonnes in 2008/09 from a surplus of 11 million in 2007/08, largely due to lower production seen in the European Union and India, Czarnikow said on Wednesday. The London-based merchant did not provide

Published 29 May, 2008 12:00am

Budget size to be increased by 15 percent: projections presented to prime minister

In the first high level meeting on Wednesday, the government economic managers presented to Prime Minister, Syed Yusuf Raza Gilani, firm-up budgetary projections showing 15 percent increase in budget size and revenue collection to take them to Rs 2.25 tri

Published 29 May, 2008 12:00am

EU wheat edges higher

European wheat edged higher on Tuesday, buoyed by a rise on US wheat prices and ignoring the declines in other grain and oilseed markets that were undermined by weakness in oil and gold, traders said. The move was also aided by the rise of the dollar agai

Published 29 May, 2008 12:00am

Budget size to be increased by 15 percent: projections presented to prime minister

In the first high level meeting on Wednesday, the government economic managers presented to Prime Minister, Syed Yusuf Raza Gilani, firm-up budgetary projections showing 15 percent increase in budget size and revenue collection to take them to Rs 2.25 tri

Published 29 May, 2008 12:00am

Indonesia sees corn output soar

Indonesian corn output is likely to rise 24 percent this year because of an increase in harvested area and higher productivity, helping reduce imports of the commodity, a senior agriculture official said on Wednesday.

Published 29 May, 2008 12:00am

Budget size to be increased by 15 percent: projections presented to prime minister

In the first high level meeting on Wednesday, the government economic managers presented to Prime Minister, Syed Yusuf Raza Gilani, firm-up budgetary projections showing 15 percent increase in budget size and revenue collection to take them to Rs 2.25 tri

Published 29 May, 2008 12:00am

Indonesia fails to sell crude palm oil in auction

Indonesia's state marketing centre failed to sell 14,000 tonnes of crude palm oil it offered in an auction due to low bids, an official at the centre said on Wednesday. The centre, which sells crude palm oil from the state plantations, offered 3,000 tonne

Published 29 May, 2008 12:00am

Food crisis will eventually end: Amartya Sen

Amartya Sen, who received the Nobel Prize in economics in 1998, has said that the present global food crisis will eventually end. Senator questions whether the food crisis that is menacing the lives of millions will ease up - or grow worse over time. Acco

Published 29 May, 2008 12:00am

CIF Gulf Grain: spot soft wheat bids soar

US Gulf CIF soft wheat barge values for spot shipment rose sharply on Tuesday due to rain delaying the harvest of southern new-crop wheat and exporters needing supplies for vessels waiting to be loaded, traders said. SRW wheat for May shipment was bid at

Published 29 May, 2008 12:00am

Food crisis will eventually end: Amartya Sen

Amartya Sen, who received the Nobel Prize in economics in 1998, has said that the present global food crisis will eventually end. Senator questions whether the food crisis that is menacing the lives of millions will ease up - or grow worse over time. Acco

Published 29 May, 2008 12:00am

KCBT wheat futures end higher

Hard red winter wheat futures on the Kansas City Board of Trade ended higher Tuesday, buoyed by crop concerns in Australia. The KCBT July wheat contract closed up 7-1/4 cents at $8.05 per bushel, with September 5-3/4 cents higher at $8.17-3/4. The gains c

Published 29 May, 2008 12:00am

Government may increase GST on industrial use of power

The government may increase general sales tax (GST) on electricity and petroleum products being consumed by industrial and commercial units in the coming budget to generate additional revenue from the un-registered business concerns in 2008-2009.

Published 29 May, 2008 12:00am

US corn futures end lower

US corn futures on the Chicago Board of Trade closed lower on Tuesday, pressured by a sell-off in the crude oil market and a firmer dollar, traders said. The weakness in crude overshadowed concerns about the slow pace of US corn planting and emergence, es

Published 29 May, 2008 12:00am

Government may increase GST on industrial use of power

The government may increase general sales tax (GST) on electricity and petroleum products being consumed by industrial and commercial units in the coming budget to generate additional revenue from the un-registered business concerns in 2008-2009.

Published 29 May, 2008 12:00am

Oil cake market rates

Lacklustre business was seen on the forward cottonseed oilcake market on Wednesday as most of the buyers were on the sidelines despite falling trend in the prices, dealers said. The July vaida opened with Re.1 loss at 806.00, they said.

Published 29 May, 2008 12:00am

Government may increase GST on industrial use of power

The government may increase general sales tax (GST) on electricity and petroleum products being consumed by industrial and commercial units in the coming budget to generate additional revenue from the un-registered business concerns in 2008-2009.

Published 29 May, 2008 12:00am

High prices, fine lint shortage cause cotton market dullness

Soaring prices and acute shortage of fine quality kept the buyers confused on the cotton market on Wednesday, experts said. The Karachi cotton Association (KCA) official spot rate was higher by 50 at Rs 3650. Just two deals finalised at the peak level at

Published 29 May, 2008 12:00am

Kirana items move down on Jodia Bazaar

The trading on Kirana items ended down on Jodia Bazaar here on Wednesday. The following changes were noted.

Published 29 May, 2008 12:00am

Buyers remain away from grain market

Higher prices kept the major players on the sidelines on the grain wholesale market on Wednesday, dealers said.Commodity and food analysts said that the prices of all essentials during the last several months remained on the upside and this factor pushes

Published 29 May, 2008 12:00am

US gold ends down

New York gold futures ended 2 percent lower in high-volume trade on Tuesday but held above $900 an ounce as sharp oil losses and a stronger dollar prompted heavy liquidation. The June gold contract on COMEX division of New York Mercantile Exchange settled

Published 29 May, 2008 12:00am

New York sugar ends firm

Raw sugar futures finished higher on Tuesday on trade buying and investor short-covering as the market came back from last week's fall to a 5-1/2-month low although the outlook seems gloomy, brokers said.

Published 29 May, 2008 12:00am

Oil ends flat in Asia

Oil was flat on Wednesday after the previous day's slide as the dollar rose and dealers braced for weakening demand from Asia as some smaller consumer nations began to ease off subsidies by raising local fuel prices. US crude inched up 4 cents to $128.89

Published 29 May, 2008 12:00am

Shanghai copper up

Shanghai copper edged higher on Wednesday as London futures ticked down, but further gains were unlikely with Chinese buyers unwilling to commit while international prices hold above $8,100 a tonne. Shanghai August copper rose 240 yuan or 0.4 percent to 6

Published 29 May, 2008 12:00am

US copper lower

US copper futures drifted to a softer close on Tuesday as the market remained pinned near the bottom of its recent range due to a stronger dollar and lingering concerns about near-term demand, analysts said. Copper for July delivery ended down 2.00 cents

Published 29 May, 2008 12:00am

US rice falls daily trade limit

US rice futures on the Chicago Board of Trade slid the maximum daily trading limit on Tuesday on technical weakness and easing concerns about world rice supplies, traders said. Technical selling surfaced amid easing concerns about world rice supplies afte

Published 29 May, 2008 12:00am

Soybeans futures dive

US soybean futures on the Chicago Board of Trade dived on Tuesday amid spillover selling from the plunge in crude oil and prospects for more US soy acres given the slow planting pace for corn, traders said. The cool, wet spring put corn planting far enoug

Published 29 May, 2008 12:00am

Tokyo rubber down

Tokyo rubber futures fell on Wednesday, retreating further from a 28-year high marked the previous day, as they tracked a sharp decline in crude oil prices. The key Tokyo Commodity Exchange rubber contract for November delivery fell as low as 336.3 yen pe

Published 29 May, 2008 12:00am

Malaysian tin jumps

Malaysian tin on rose 1.9 percent on Wednesday on higher London Metal Exchange prices and steady foreign demand, one dealer said.

Published 29 May, 2008 12:00am

Vietnam's winter-spring rice output

Vietnam's southern region, incorporating the Mekong Delta food basket, has so far harvested 11.5 million tonnes of export-quality winter-spring paddy, up 5.8 percent from last year, the government said on Wednesday.

Published 29 May, 2008 12:00am

Philippines may import more rice

The Philippine government may import more rice in the last quarter of this year depending on local output, a senior official said on Tuesday. Conrad Ibanez, the assistant administrator at the National Food Authority (NFA), told reporters that by September

Published 29 May, 2008 12:00am

Benchmark Thai rice falls

The price of Thailand's benchmark 100 percent B grade white rice has fallen about 13 percent since last week due to weak demand and a perception of looming supply increases, traders and exporters said on Wednesday. The benchmark grade was quoted at $900-$

Published 29 May, 2008 12:00am

Indonesia palm oil prices fall

Indonesian palm oil prices fell on Wednesday, dragged down by an easing Malaysian market, dealers said. In North Sumatra's Medan, home to Belawan port - the key port for palm oil exports - crude palm oil was traded at 10,200 rupiah ($1.10) a kg, down from

Published 29 May, 2008 12:00am

Malaysian palm oil futures fall

Malaysian crude palm oil futures slipped 1.2 percent on Wednesday as weakening crude oil prices and lack of demand weighed on the market. Palm oil, used in products from biofuels to ice-cream, is 17.9 percent below a record high of 4,486 ringgit a tonne r

Published 29 May, 2008 12:00am

General Electric names LG, others as contenders for appliance unit

General Electric on Wednesday named South Korea's LG Electronics as a contender to buy its appliance business, which is valued at $4-$8 billion, along with China's Haier Electronics Group Co Ltd, Mexico's Controladora Mabe and Turkey's Arcelik.

Published 29 May, 2008 12:00am

German anti-cartel office calls for probe of petrol sector

The German anti-cartel office has launched a probe of the motor fuel sector following complaints by independent service stations that major oil companies were gouging them on diesel and petrol prices. "The goal is to see if the fuel markets are functionin

Published 29 May, 2008 12:00am

Saudi Arabia pumps extra oil to match demand

Top oil exporter Saudi Arabia has boosted supply to help meet the world's need for fuel and may further increase output later if needed, a senior Gulf Opec source said on Wednesday. Opec's 13 members, especially core Gulf producers, are taking their outpu

Published 29 May, 2008 12:00am

EU nations seek oil price relief, but not through tax breaks

Several EU nations clamoured for relief from record oil prices on Wednesday, but a suggestion from French President Nicolas Sarkozy to ease sales tax on fuel found little support. With crude oil prices close to all-time highs, fishermen and truckers have

Published 29 May, 2008 12:00am

Brown calls for global action on oil price

British Prime Minister Gordon Brown warned on Wednesday there was no easy answer to spiralling oil price rises without co-ordinated global action, before meeting senior oil executives to discuss supply and demand. Hundreds of British truck drivers protest

Published 29 May, 2008 12:00am

Origin to update soon on BG's $12 billion bid

Australian power producer and retailer Origin Energy Ltd is set to announce a decision within days on UK gas producer BG Group Plc's $12 billion take-over bid, with media reporting BG has improved its offer.

Published 29 May, 2008 12:00am

UK inflation expectations hit record high in May

Britons' expectations of the rate of inflation over the next 12 months leapt to a record high of 4.1 percent in May from 3.8 percent in April, according to a YouGov/Citigroup survey on Wednesday. The survey has shown a record high for the past three month

Published 29 May, 2008 12:00am

Microsoft chief says in talks with Yahoo but not 're-bidding'

Microsoft chief, Steve Ballmer said his company was still holding talks with Yahoo, although no longer about efforts to take the Internet giant. Ballmer, speaking during a conference hosted by The Wall Street Journal here on Tuesday, recalled that Microso

Published 29 May, 2008 12:00am

German inflation sprints in May

German inflation accelerated sharply in May, preliminary data showed Wednesday, adding to worries about Europe's largest economy and further dashing hopes of a cut in eurozone interest rates.

Published 29 May, 2008 12:00am

One ECB rate cut seen in fourth quarter but chances slipping

The chances of a euro zone interest rate cut this year are steadily fading as high inflation is expected to force the European Central Bank to leave them on hold, a Reuters poll showed. A majority of economists still see one interest rate cut from the ECB

Published 29 May, 2008 12:00am

South Korean workers vow to stop US beef imports

South Korea's labour unions on Wednesday vowed to block the planned release of US beef from cold storages this week, as protests sparked by mad cow fears intensified. More than 200 protestors have been detained since last weekend in Seoul during increasin

Published 29 May, 2008 12:00am

US mortgage applications slipped in latest week

Applications for US home mortgages slipped for a second consecutive week as borrowing rates crept higher, according to data published by an industry group on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applic

Published 29 May, 2008 12:00am

Taiwan stocks fall on inflation fears

Taiwan stocks fell 1.3 percent to a near two-month closing low on Wednesday, hurt by tech shares such as LCD maker AU as high inflation raised fears over slowing demand for new electronics products. However, shares of top contract chip maker Taiwan Semico

Published 29 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
Waves Home Appliances / Nov 26 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

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