AIRLINK 193.77 Decreased By ▼ -6.98 (-3.48%)
BOP 9.87 Decreased By ▼ -0.34 (-3.33%)
CNERGY 7.57 Decreased By ▼ -0.14 (-1.82%)
FCCL 39.41 Decreased By ▼ -0.65 (-1.62%)
FFL 16.29 Decreased By ▼ -0.52 (-3.09%)
FLYNG 25.84 Decreased By ▼ -0.81 (-3.04%)
HUBC 129.86 Decreased By ▼ -2.74 (-2.07%)
HUMNL 13.83 Decreased By ▼ -0.09 (-0.65%)
KEL 4.53 Decreased By ▼ -0.12 (-2.58%)
KOSM 6.47 Decreased By ▼ -0.12 (-1.82%)
MLCF 45.57 Decreased By ▼ -1.17 (-2.5%)
OGDC 209.11 Decreased By ▼ -3.32 (-1.56%)
PACE 6.72 Decreased By ▼ -0.18 (-2.61%)
PAEL 41.85 Increased By ▲ 0.57 (1.38%)
PIAHCLA 17.13 Increased By ▲ 0.13 (0.76%)
PIBTL 7.90 Decreased By ▼ -0.21 (-2.59%)
POWER 9.36 Decreased By ▼ -0.06 (-0.64%)
PPL 177.92 Decreased By ▼ -3.54 (-1.95%)
PRL 39.01 Decreased By ▼ -2.77 (-6.63%)
PTC 25.53 Increased By ▲ 0.83 (3.36%)
SEARL 106.73 Decreased By ▼ -5.11 (-4.57%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.53 Decreased By ▼ -4.39 (-10%)
SYM 19.45 Increased By ▲ 0.47 (2.48%)
TELE 8.64 Decreased By ▼ -0.23 (-2.59%)
TPLP 12.53 Decreased By ▼ -0.39 (-3.02%)
TRG 65.34 Decreased By ▼ -2.13 (-3.16%)
WAVESAPP 11.15 Decreased By ▼ -0.27 (-2.36%)
WTL 1.73 Decreased By ▼ -0.06 (-3.35%)
YOUW 3.94 Decreased By ▼ -0.05 (-1.25%)
BR100 12,030 Decreased By -140.3 (-1.15%)
BR30 35,812 Decreased By -776.7 (-2.12%)
KSE100 113,520 Decreased By -1360.2 (-1.18%)
KSE30 35,651 Decreased By -473.7 (-1.31%)
Print - 2008-06-03
IMF sees ECB on hold, ups eurozone growth view

IMF sees ECB on hold, ups eurozone growth view

The European Central Bank should keep interest rates on hold until easing inflationary pressures and growing spare capacity in the eurozone allow for a policy shift, the International Monetary Fund said on Monday.
Published 03 Jun, 2008 12:00am
Emerging Europe feels pinch of eurozone slowdown

Emerging Europe feels pinch of eurozone slowdown

Emerging Europe's star economies are feeling the pinch from the eurozone slowdown, with data showing signs of a drop off in manufacturing that has been exacerbated by their strong currencies.
Published 03 Jun, 2008 12:00am
Eurozone moves balanced budgets deadline to 2012

Eurozone moves balanced budgets deadline to 2012

Eurozone finance ministers on Monday gave themselves more time to bring their budgets to balance or surplus, moving the deadline to 2012 from 2010 because economic growth is slowing.
Published 03 Jun, 2008 12:00am
Malaysian palm oil futures up

Malaysian palm oil futures up

Malaysian crude palm oil futures rose inched higher on Monday as investors hesitated between betting on the overnight strength in US soyoil markets and selling on slower export demand.
Published 03 Jun, 2008 12:00am
Tocom rubber may rise 12.3 percent by end-June

Tocom rubber may rise 12.3 percent by end-June

Tokyo rubber futures are expected to remain firm in June, hovering near a 28-year high, backed by rallies in crude oil prices, strong demand and limited supply, a Reuters poll showed on Monday.
Published 03 Jun, 2008 12:00am
Manila sets more rice auctions for private sector

Manila sets more rice auctions for private sector

The Philippines' state grain agency said on Monday it would hold auctions for private traders to import up to 200,000 tonnes of rice on June 11, 20 and 27. Conrad Ibanez, assistant administrator of the National Food Authority (NFA), said any volume out of
Published 03 Jun, 2008 12:00am
Indonesian palm oil prices ease

Indonesian palm oil prices ease

Indonesian palm oil prices eased on Monday in the absence of strong drivers and despite a rebound in Malaysian palm oil futures. In Jakarta, the state marketing centre sold crude palm oil at 9,885 rupiah ($1.06) a kilogram, down from 10,009 rupiah a kilog
Published 03 Jun, 2008 12:00am
Oil ends steady at $127

Oil ends steady at $127

Oil prices were little changed below $128 a barrel on Monday, with traders tracking the dollar for direction as fleeting Tropical Storm Arthur marked the start of the Atlantic hurricane season, shutting two Mexican oil ports. US light, sweet crude oil fut
Published 03 Jun, 2008 12:00am
Gold hovers around $885 in Asia

Gold hovers around $885 in Asia

Spot gold hovered narrowly around $885 on Monday, sticking close to levels of late last week, although it briefly dipped a touch after crude oil slipped, dulling the precious metal's appeal as an inflation hedge. Spot gold was at $884.80/885.80 an ounce a
Published 03 Jun, 2008 12:00am
Bangladesh to launch flood-resistant rice in 2009

Bangladesh to launch flood-resistant rice in 2009

Bangladesh will roll out new varieties of flood-resistant and salt-tolerant rice to farmers next year, in an effort to boost production of the staple. The impoverished south Asian nation faces serious food shortages after last year's floods and a cyclone,
Published 03 Jun, 2008 12:00am
Copper futures make soft start in Asia

Copper futures make soft start in Asia

Copper futures made a soft start to the month on Monday, adding to May's weak performance, and the outlook for the industrial metal was downbeat as Chinese buyers wind down for the traditional slow demand season.
Published 03 Jun, 2008 12:00am
Egypt extends rice export ban

Egypt extends rice export ban

The Egyptian government has extended a ban on the export of rice until April 2009 to boost local supplies, a trader said on Monday. "There was an official decree to extend it to April 1," Hisham el-Attal, chairman of the rice committee at Egyptian Traders
Published 03 Jun, 2008 12:00am
Indian sugar futures end flat

Indian sugar futures end flat

Indian sugar futures were flat on Monday as good demand in northern markets was offset by the weekend arrival of monsoon rains in the south, which eased demand from bulk users such as ice-cream and beverage makers. At 3:28 pm (0958 GMT), the June contract
Published 03 Jun, 2008 12:00am
No major rate change on grain market

No major rate change on grain market

Lacklustre trading was seen on the grain market on Monday ahead of the budget 2008-09, dealers said. Many leading buyers were trying to hold the commodities and other essential till the announcement of the federal budget to gain more profit, they said. No
Published 03 Jun, 2008 12:00am
Low activity due to higher prices on cotton market

Low activity due to higher prices on cotton market

Thin business was seen on cotton market on Monday due to higher trend in the prices, experts said. The Karachi cotton Association (KCA) official spot rate was unchanged at Rs 3700, dealers said. Many mills were on the sidelines due to higher trend in the
Published 03 Jun, 2008 12:00am
Oil cake market rates

Oil cake market rates

Falling trend was seen on the forward cottonseed oilcake market on Monday in process of lacklustre business, dealers said. The July vaida opened with no change at Rs 804.00, they said.

Published 03 Jun, 2008 12:00am
US Plains HRW wheat bids holding steady

US Plains HRW wheat bids holding steady

US Plains hard red winter wheat basis values were holding steady on Monday amid ongoing harvest movement through the Plains. Harvest activity was translating to a drop-off in protein premiums. For railcar wheat to and through Kansas City, premiums dropped
Published 03 Jun, 2008 12:00am
Turkey's April gold jewellery exports fall

Turkey's April gold jewellery exports fall

Turkey's gold jewellery exports fell by 14.8 percent in April, figures from the country's exporters association showed on Monday. Turkey, one of the world's top three gold jewellery exporters, exported 6.5 tonnes, down from 7.6 tonnes in the same month la
Published 03 Jun, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (June 02, 2008).

Published 03 Jun, 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 03 Jun, 2008 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 02, 2008).
Published 03 Jun, 2008 12:00am
World leaders slam blast

World leaders slam blast

US President George W. Bush has condemned suicide bombing on Denmark's embassy in Pakistan and offered his condolences to the victims, White House spokeswoman Dana Perino said Monday. Meanwhile, UN chief Ban Ki-moon on Monday strongly condemned the suicid
Published 03 Jun, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
World leaders slam blast

World leaders slam blast

US President George W. Bush has condemned suicide bombing on Denmark's embassy in Pakistan and offered his condolences to the victims, White House spokeswoman Dana Perino said Monday. Meanwhile, UN chief Ban Ki-moon on Monday strongly condemned the suicid
Published 03 Jun, 2008 12:00am
Economic fundamentals still strong, says Musharraf

Economic fundamentals still strong, says Musharraf

President Pervez Musharraf on Monday said the country's economic fundamentals were strong and hoped the government would address the current downtrend. The President was addressing the participants at the National Defence University following the presenta
Published 03 Jun, 2008 12:00am
Economic fundamentals still strong, says Musharraf

Economic fundamentals still strong, says Musharraf

President Pervez Musharraf on Monday said the country's economic fundamentals were strong and hoped the government would address the current downtrend. The President was addressing the participants at the National Defence University following the presenta
Published 03 Jun, 2008 12:00am
'Luxury tax' on vehicles, property to be introduced

'Luxury tax' on vehicles, property to be introduced

The government may introduce a "luxury tax" in the upcoming budget to tax luxurious items like vehicles, property of the elite class of Pakistan. It is learnt on Monday that the tax managers are seriously working on the proposal of levying "luxury tax" at
Published 03 Jun, 2008 12:00am
'Luxury tax' on vehicles, property to be introduced

'Luxury tax' on vehicles, property to be introduced

The government may introduce a "luxury tax" in the upcoming budget to tax luxurious items like vehicles, property of the elite class of Pakistan. It is learnt on Monday that the tax managers are seriously working on the proposal of levying "luxury tax" at
Published 03 Jun, 2008 12:00am
''Luxury tax'' on vehicles, property to be introduced

''Luxury tax'' on vehicles, property to be introduced

The government may introduce a "luxury tax" in the upcoming budget to tax luxurious items like vehicles, property of the elite class of Pakistan. It is learnt on Monday that the tax managers are seriously working on the proposal of levying "luxury tax" at
Published 03 Jun, 2008 12:00am
Black money: amnesty scheme likely in budget

Black money: amnesty scheme likely in budget

The proposed amnesty scheme to be announced in budget (2008-2009) may legalise black economy on payment of 2.5-3 percent of the value of un-declared assets. Sources told Business Recorder on Monday that the proposed amnesty scheme would make it man
Published 03 Jun, 2008 12:00am
Black money: amnesty scheme likely in budget

Black money: amnesty scheme likely in budget

The proposed amnesty scheme to be announced in budget (2008-2009) may legalise black economy on payment of 2.5-3 percent of the value of un-declared assets. Sources told Business Recorder on Monday that the proposed amnesty scheme would make it man
Published 03 Jun, 2008 12:00am
Black money: amnesty scheme likely in budget

Black money: amnesty scheme likely in budget

The proposed amnesty scheme to be announced in budget (2008-2009) may legalise black economy on payment of 2.5-3 percent of the value of un-declared assets. Sources told Business Recorder on Monday that the proposed amnesty scheme would make it man
Published 03 Jun, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Budget to include 'ATT Rules'

Budget to include 'ATT Rules'

The government has decided to issue 'Afghan Transit Trade Rules-2008' in the coming budget to regulate trade between Pakistan and Afghanistan. These would contain strict measures to check smuggling, missing containers and massive evasion of duties and tax
Published 03 Jun, 2008 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (June 02, 2008).
Published 03 Jun, 2008 12:00am
Budget to include 'ATT Rules'

Budget to include 'ATT Rules'

The government has decided to issue 'Afghan Transit Trade Rules-2008' in the coming budget to regulate trade between Pakistan and Afghanistan. These would contain strict measures to check smuggling, missing containers and massive evasion of duties and tax
Published 03 Jun, 2008 12:00am
Budget to include ''ATT Rules''

Budget to include ''ATT Rules''

The government has decided to issue ''Afghan Transit Trade Rules-2008'' in the coming budget to regulate trade between Pakistan and Afghanistan. These would contain strict measures to check smuggling, missing containers and massive evasion of duties and t
Published 03 Jun, 2008 12:00am
PML-N rejects judges' reinstatement through package

PML-N rejects judges' reinstatement through package

Pakistan Muslim League-Nawaz (PML-N) Monday said that it would not provide safe exit to President Pervez Musharraf and opposed the restoration of the deposed judges through the proposed constitutional package.
Published 03 Jun, 2008 12:00am
PML-N rejects judges' reinstatement through package

PML-N rejects judges' reinstatement through package

Pakistan Muslim League-Nawaz (PML-N) Monday said that it would not provide safe exit to President Pervez Musharraf and opposed the restoration of the deposed judges through the proposed constitutional package.
Published 03 Jun, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Jun, 2008 12:00am
314 small dams development plan approved

314 small dams development plan approved

The National Economic Council, which met here on Monday, approved the national programme of small dams, under which the government will construct 314 dams across the country. Total cost of the programme has been estimated at Rs 54 billion.
Published 03 Jun, 2008 12:00am
314 small dams development plan approved

314 small dams development plan approved

The National Economic Council, which met here on Monday, approved the national programme of small dams, under which the government will construct 314 dams across the country. Total cost of the programme has been estimated at Rs 54 billion.
Published 03 Jun, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
314 small dams development plan approved

314 small dams development plan approved

The National Economic Council, which met here on Monday, approved the national programme of small dams, under which the government will construct 314 dams across the country. Total cost of the programme has been estimated at Rs 54 billion.
Published 03 Jun, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Jun, 2008 12:00am
LSE index gains 66.71 points

LSE index gains 66.71 points

Share values on Lahore Stock Exchange (LSE) on Monday showed recovering signs on fresh buying interest in oil sector, banks and securities stocks, pushing the LSE index up 66.71 points, or 1.7 percent. The LSE-25 Index climbed to 3,893.57 points form 3,82
Published 03 Jun, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Jun, 2008 12:00am
LSE index gains 66.71 points

LSE index gains 66.71 points

Share values on Lahore Stock Exchange (LSE) on Monday showed recovering signs on fresh buying interest in oil sector, banks and securities stocks, pushing the LSE index up 66.71 points, or 1.7 percent. The LSE-25 Index climbed to 3,893.57 points form 3,82
Published 03 Jun, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Jun, 2008 12:00am
Car blast outside Danish embassy kills eight

Car blast outside Danish embassy kills eight

Eight people were killed and 25 injured when a high-intensity car bomb exploded outside Danish embassy here on Monday. The blast also damaged embassy boundary wall, an NGO building and about 20 vehicles.
Published 03 Jun, 2008 12:00am
Car blast outside Danish embassy kills eight

Car blast outside Danish embassy kills eight

Eight people were killed and 25 injured when a high-intensity car bomb exploded outside Danish embassy here on Monday. The blast also damaged embassy boundary wall, an NGO building and about 20 vehicles.
Published 03 Jun, 2008 12:00am
Norway shuts embassy

Norway shuts embassy

Norway temporarily closed its embassy in Islamabad on Monday after a suicide bomb attack outside the Danish embassy killed at least eight people, the Norwegian foreign ministry said. "We've closed our embassy," ministry spokesman Tor-Henrik Andersen told
Published 03 Jun, 2008 12:00am
BRIndex30 up 179.62 points

BRIndex30 up 179.62 points

On Monday, the BRIndex30 opened at 12,678.25 with a downward gap of 110.05 points, and closed at 12,967.92 with a net positive change of 179.62 points, or 1.40 percent. It experienced intra-day high of 13,050.94 and low of 12,678.25. The volume amounted t
Published 03 Jun, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Federal budget now on June 10

Federal budget now on June 10

The government has decided to delay announcing its 2008-09 budget until June 10, having earlier set a date of June 7, a senior official told Reuters on Monday. The official, speaking on condition of anonymity, said Prime Minister Yusuf Raza Gilani's possi
Published 03 Jun, 2008 12:00am
Federal budget now on June 10

Federal budget now on June 10

The government has decided to delay announcing its 2008-09 budget until June 10, having earlier set a date of June 7, a senior official told Reuters on Monday. The official, speaking on condition of anonymity, said Prime Minister Yusuf Raza Gilani's possi
Published 03 Jun, 2008 12:00am
Federal budget now on June 10

Federal budget now on June 10

The government has decided to delay announcing its 2008-09 budget until June 10, having earlier set a date of June 7, a senior official told Reuters on Monday. The official, speaking on condition of anonymity, said Prime Minister Yusuf Raza Gilani''s poss
Published 03 Jun, 2008 12:00am
Talks on Kishan Ganga project stalled

Talks on Kishan Ganga project stalled

Negotiations between the Pakistan Indus Basin Water Commission and its India counterpart stalled on the Kishan Ganga dam for the third consecutive day. Pakistan has raised six objections on the project design, but were rejected by Indian Commissioner Oran
Published 03 Jun, 2008 12:00am
Talks on Kishan Ganga project stalled

Talks on Kishan Ganga project stalled

Negotiations between the Pakistan Indus Basin Water Commission and its India counterpart stalled on the Kishan Ganga dam for the third consecutive day. Pakistan has raised six objections on the project design, but were rejected by Indian Commissioner Oran
Published 03 Jun, 2008 12:00am
Talks on Kishan Ganga project stalled

Talks on Kishan Ganga project stalled

Negotiations between the Pakistan Indus Basin Water Commission and its India counterpart stalled on the Kishan Ganga dam for the third consecutive day. Pakistan has raised six objections on the project design, but were rejected by Indian Commissioner Oran
Published 03 Jun, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (June 02, 2008) and for Tuesday (June 03, 2008).
Published 03 Jun, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
$100 million ethanol plant in the doldrums

$100 million ethanol plant in the doldrums

A private firm's $100 million plan of setting up maize-based ethanol generation plant near Port Qasim Karachi has been not been implemented so far. Sources in Sindh government told Business Recorder on Monday that poor law and order and political i
Published 03 Jun, 2008 12:00am
Delay in grant of licenses under TOO Rules causes confusion

Delay in grant of licenses under TOO Rules causes confusion

Confusion is getting more confounded as a result of incredible delay in the grant of licenses under the Trade Organisations Ordinance Rules (TOO), 2007 by the Ministry of Commerce to trade bodies. Would these associations and chambers be allowed to contin
Published 03 Jun, 2008 12:00am