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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-06-10
Copper wobbles

Copper wobbles

Copper moved erratically in thin trade on Monday, tracking the dollar with worries about demand from China and the United States haunting the market. Financial markets in Shanghai and Hong Kong were closed and Australian players were also absent due to ma
Published 10 Jun, 2008 12:00am
Rule of law imperative for development: Memon

Rule of law imperative for development: Memon

Senator Nisar Memon has said that rule of law and supremacy of Constitution is imperative for the development of the country. Talking to Aaj TV, he said that people consider price hike as a major issue. In reply to a question, he said that all part
Published 10 Jun, 2008 12:00am
Additional charge assigned

Additional charge assigned

Nazar Muhammad Kalhoro, an officer of Ex-PCS (BS-19), Additional Secretary, Criminal Prosecution Service Department, has been assigned the additional charge of the post of Additional Secretary-I, Criminal Prosecution Department in addition to his own duti
Published 10 Jun, 2008 12:00am
US MIDDAY: gold lower

US MIDDAY: gold lower

US gold futures reversed initial gains to trade lower on Monday after the previous session's sharp rally, hurt by a dollar rise and a retreat in crude oil after last week's rally, dealers said. The August gold contract on COMEX division of New York Mercan
Published 10 Jun, 2008 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures down early on Monday as investors took their cue from the dollar and crude oil - two fundamental factors set to drive the red metal's near-term price direction, analysts said. Copper for July delivery settled down 1.00 cent at $3.6130 a
Published 10 Jun, 2008 12:00am
US MIDDAY: wheat, corn and soya up

US MIDDAY: wheat, corn and soya up

Wheat futures on the Chicago Board of Trade, the Kansas City Board of Trade and the Minneapolis Grain Exchange rallied early on Monday on excessive weekend rains that soaked wheat from the US Midwest to the southern and northern Plains, traders said. Corn
Published 10 Jun, 2008 12:00am
US MIDDAY: sugar surges

US MIDDAY: sugar surges

Raw sugar futures on ICE Futures US surged at EDT 1243 GMT on Monday. July contract jumped 0.18 cent to 9.92 cents per lb. Range from 9.74 to 10.01 cents. July contract volume at 11,368 lots.
Published 10 Jun, 2008 12:00am
US MIDDAY: coffee drops, cocoa mixed

US MIDDAY: coffee drops, cocoa mixed

Arabica coffee futures on ICE Futures US slid 3.5 percent early on Monday on liquidation, while cocoa futures traded mixed as traders said rollover period is heating up. July arabica contract down 4.70 cents, or 3.5 percent, to $1.3115 per lb at 9:26 am E
Published 10 Jun, 2008 12:00am
Gold rises in London

Gold rises in London

Gold rose to its highest level since late May on Monday as the dollar hit a six-week low against the euro, fuelling buying of the precious metal as a currency hedge. Platinum also posted gains, rising to its highest level in almost two weeks as it tracked
Published 10 Jun, 2008 12:00am
World oil prices tumble

World oil prices tumble

Oil fell $4 from record highs on Monday on the stronger dollar and profit-taking after surging an unprecedented $16 in the previous two sessions. The slide came after oil jumped nearly $11 on Friday alone as the dollar weakened and on forecasts of falling
Published 10 Jun, 2008 12:00am
London coffee sinks

London coffee sinks

London robusta futures tumbled almost 3 percent on Monday as concerns over a crop-damaging cold snap approaching Brazil eased against a backdrop of a strengthening dollar and lower crude oil prices. White sugar futures bounced back on firm demand and the
Published 10 Jun, 2008 12:00am
New York cotton futures soften

New York cotton futures soften

Cotton futures closed softer Monday on investment sales to wipe out gains from an early run-up caused by worries over hot and dry weather in the key growing area of Texas, brokers said. Analysts said the market's focus will now wait for release of Tuesday
Published 10 Jun, 2008 12:00am
UK's blue chip index falls

UK's blue chip index falls

Britain's blue chip index ended lower on Monday during a choppy session as funding concerns pulled banks down, while US crude oil prices at near-record levels helped support heavyweight oil shares. The FTSE 100 index closed down 29.2 points, or 0.5, perce
Published 10 Jun, 2008 12:00am
Monday's midday trade: Dow, S&P 500 gain on oil's drop, McDonald's sales

Monday's midday trade: Dow, S&P 500 gain on oil's drop, McDonald's sales

The Dow and the S&P 500 rose on Monday, helped by a pullback in oil prices, while a report of an increase in home sales helped offset the impact of a big loss forecast by Lehman Brothers Holdings Inc. Higher sales last month at McDonald's Corp also helped
Published 10 Jun, 2008 12:00am
Credit spreads pare losses on Lehman

Credit spreads pare losses on Lehman

European credit spreads made a recovery on Monday after Lehman Brothers' unveiled plans to boost its capital base by $6 billion, but inflationary fears linked to soaring oil prices meant the market remained jittery. By 1520 GMT, the Markit investment-grad
Published 10 Jun, 2008 12:00am
Credit spreads pare losses on Lehman

Credit spreads pare losses on Lehman

European credit spreads made a recovery on Monday after Lehman Brothers' unveiled plans to boost its capital base by $6 billion, but inflationary fears linked to soaring oil prices meant the market remained jittery. By 1520 GMT, the Markit investment-grad
Published 10 Jun, 2008 12:00am
Most world stock markets to end 2008 in red

Most world stock markets to end 2008 in red

Global stock markets will not be able to overcome a lethal mix of rising inflation and a spill-out from the global credit crisis this year, with most indexes likely to end 2008 with annual losses, a Reuters poll showed.
Published 10 Jun, 2008 12:00am
Sterling touches 10-day high

Sterling touches 10-day high

Sterling briefly touched a 10-day high against the dollar on Monday after UK factory gate inflation hit a record in May, highlighting the Bank of England's dilemma as it struggles with inflation and slowing economic growth. The Office for National Statist
Published 10 Jun, 2008 12:00am
Indian rupee drops

Indian rupee drops

The Indian rupee fell sharply on Monday, driven lower by heavy losses in local stocks as a weekend spike in oil prices tripped up Asian markets and fuelled concerns of more equity outflows. The partially convertible rupee ended at 42.87/88 to a dollar, of
Published 10 Jun, 2008 12:00am
Euro rides high on rate rise speculation

Euro rides high on rate rise speculation

The euro hit a six-week high versus the dollar and a seven-month peak against the yen on Monday, bolstered by expectations of a European Central Bank rate hike next month. Prospects of such a move were flagged on Thursday when the ECB left policy on hold
Published 10 Jun, 2008 12:00am
Honorary consuls' term renewal sought

Honorary consuls' term renewal sought

The Ministry of Foreign Affairs has asked all foreign diplomatic missions and honorary consulates in Pakistan to get the appointment of their honorary consuls renewed/extended from their respective countries for another five-year term.
Published 10 Jun, 2008 12:00am
SHRDC to hold skill development training courses

SHRDC to hold skill development training courses

South Asian Association for Regional Co-operation (Saarc)'s regional institution, Saarc Human Resource Development Centre (SHRDC) will organise a three-week training course on 'Skill Development and Vocational Training'.
Published 10 Jun, 2008 12:00am
Breakthrough achieved in embryo transfer technology

Breakthrough achieved in embryo transfer technology

The Buffalo Research Institute in Pattoki has claimed to achieve an unprecedented breakthrough in the embryo transfer technology. While, disclosing the details to press on Monday, Livestock Department spokesman, Dr Asrar Hussain said the embryo was recove
Published 10 Jun, 2008 12:00am
Wasa launches crash programme

Wasa launches crash programme

Water and Sanitation Authority Managing Director Dr Javed Iqbal has said the crash programme launched by the Water and Sanitation Agency for desilting of eight major drains of the city is being carried out by Wasa.
Published 10 Jun, 2008 12:00am
Rural uplift planning, management training starts today

Rural uplift planning, management training starts today

National Centre for Rural Development (NCRD) in collaboration with Centre on Integrated Rural Development for Asia and the Pacific (Cirdap) would hold four-day regional training programme on "Participatory Techniques for Planning and Management of Rural D
Published 10 Jun, 2008 12:00am
'PPP and PML-N coalition to continue for sake of democracy'

'PPP and PML-N coalition to continue for sake of democracy'

Pakistan Muslim League-N Spokesman Ahsan Iqbal said that there is a lot of difference in the situation of 1988 and the present one, as now both the parties have jointly struggled against dictatorship during the past eight years.
Published 10 Jun, 2008 12:00am
Post-harvest techniques to improve fruit and vegetable quality

Post-harvest techniques to improve fruit and vegetable quality

Chairman, Pakistan Agriculture Research Council (Parc) Dr M E Tusneem has said that post-harvest techniques will radically improve quality of fruit, vegetables and ensure safety. This, he stated while addressing the concluding session of the 6-day trainin
Published 10 Jun, 2008 12:00am
Few options for pro-poor budget

Few options for pro-poor budget

Efforts by the new government to help the poor in its first budget to be announced this week are being constrained by the need to tackle yawning deficits and slash subsidies, analysts said on Monday. "Since this is a political government, the focus will b
Published 10 Jun, 2008 12:00am
Few options for pro-poor budget

Few options for pro-poor budget

Efforts by the new government to help the poor in its first budget to be announced this week are being constrained by the need to tackle yawning deficits and slash subsidies, analysts said on Monday. "Since this is a political government, the focus will b
Published 10 Jun, 2008 12:00am
Governor visits PITE, ATI to review training facilities

Governor visits PITE, ATI to review training facilities

NWFP Governor Owais Ahmed Ghani inspected the Provincial Institute for Teachers Education (PITE) at Charsadda Road and the Agricultural Training Institute (ATI), Jamrud Road, Peshawar respectively on Monday and reviewed the training and educational facili
Published 10 Jun, 2008 12:00am
Haqqani renews Pakistan's pledge to end terrorism

Haqqani renews Pakistan's pledge to end terrorism

Pakistan Ambassador to the United States Hussain Haqqani has reaffirmed Pakistan's commitment to eliminate terrorism in all its forms from the region by formulating a new strategy as earlier strategy has failed.
Published 10 Jun, 2008 12:00am
LDA officers urged to perform duty with dedication

LDA officers urged to perform duty with dedication

Lahore Development Authority (LDA) Director General Irfan Ali has urged all the officers of his department for adopting a friendly attitude with the visiting public and performs official duties with honesty and dedication with a view to earning goodwill f
Published 10 Jun, 2008 12:00am
Labour ministry to modernise working pattern

Labour ministry to modernise working pattern

Ministry of Labour and Manpower has worked out a plan to upkeep record on the country's workforce in line with modern requirements by introducing a comprehensive database.
Published 10 Jun, 2008 12:00am
Special cell formed to monitor lawyers' long march

Special cell formed to monitor lawyers' long march

Government established a special cell in Ministry of Interior to monitor the Lawyers' Long March and make sure the foolproof security arrangements all over the country.
Published 10 Jun, 2008 12:00am
Soomro and Jamali felicitate Shahbaz

Soomro and Jamali felicitate Shahbaz

Chairman Senate Mohammedmian Soomro and Deputy Chairman Jan Mohammad Khan Jamali have felicitated Mian Muhammad Shahbaz Sharif on his unopposed election as the Chief Minister Punjab. They hoped that the province would take rapid strides on road to develop
Published 10 Jun, 2008 12:00am
Summit on the oil price rise

Summit on the oil price rise

The G-8, comprising the 8 most industrialised nations of the world, plus 3 (including the remaining three major oil guzzlers of the world namely China, India and South Korea), met in Aomori, Japan to deliberate on a common strategy to deal with the oil cr
Published 10 Jun, 2008 12:00am
A war without a cause

A war without a cause

The mystery as to why President Bush ordered invasion of Iraq has deepened with the release of a US Senate Intelligence Committee report. Was it the Iraqi oil that the United States wanted or may be the invasion was launched at the behest of the American
Published 10 Jun, 2008 12:00am
Budget 2008-09: agonising anomalies in income tax law

Budget 2008-09: agonising anomalies in income tax law

The Income Tax Ordinance, 2001, which was promulgated in 2001 on the dictates of the foreign donors with tall claims of simplifying tax code, contains a number of anomalies, ambiguities, lacunae and inconsistencies [for detailed review of this badly-draft
Published 10 Jun, 2008 12:00am
Budget 2008-2009: yearly or monthly?

Budget 2008-2009: yearly or monthly?

Our country's Budget 2008-09 is likely to be announced soon but each and every citizen of Pakistan, in the wake of persistently rocketing price hike, has the right to know, whether this would be a 'yearly or monthly' budget?
Published 10 Jun, 2008 12:00am
US Admiral urges persistent, credible naval power

US Admiral urges persistent, credible naval power

The Commander of US Naval Forces, Central Command, Vice Admiral Kevin Cosgriff, emphasised the need for 'fostering relationships with coalition partners such as Pakistan,' while addressing officers at the Pakistan Navy War College here on Monday.
Published 10 Jun, 2008 12:00am
PML-Q proposes restoration of deposed judges

PML-Q proposes restoration of deposed judges

Constitutional expert's committee of Pakistan Muslim League-Quaid (PML-Q) has proposed restoration of all the deposed judges along with retention of those who took oath under PCO in November last.
Published 10 Jun, 2008 12:00am
Gulf Arabs agree foreign exchange union but signal currency delay

Gulf Arabs agree foreign exchange union but signal currency delay

Gulf Arab central bankers agreed to create the nucleus of a joint central bank next year in a major step forward for monetary union but signalled that a new common currency would not be in circulation by an agreed 2010 target.
Published 10 Jun, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
ISE index down by 16.35 points

ISE index down by 16.35 points

Losers led the scene at the Islamabad Stock Exchange (ISE) on Monday where bears returned in the driving seat amid decrease in index. ISE-10 Index was down by 16.35 points from 2,985.45 to 2,969.10 points. The overall turnover stood at 1,177,200 shares as
Published 10 Jun, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
ISE index down by 16.35 points

ISE index down by 16.35 points

Losers led the scene at the Islamabad Stock Exchange (ISE) on Monday where bears returned in the driving seat amid decrease in index. ISE-10 Index was down by 16.35 points from 2,985.45 to 2,969.10 points. The overall turnover stood at 1,177,200 shares as
Published 10 Jun, 2008 12:00am
Petronas delays Iran LNG project decision

Petronas delays Iran LNG project decision

High development costs are forcing Malaysia's national oil firm Petronas to delay its final decision on investing in Iran's multi-billion dollar Pars LNG project as the deadline looms, its chief said on Monday.
Published 10 Jun, 2008 12:00am
Wheat import not viable at current prices: traders

Wheat import not viable at current prices: traders

Wheat traders said Monday that wheat import was not viable at the current international price of about 380 per metric ton C&F without government's subsidy. A wheat importer said here Monday that after including transport and other charges, the cost of whe
Published 10 Jun, 2008 12:00am
Dalton first to provide Pakistan-focused fund: release set for June 19

Dalton first to provide Pakistan-focused fund: release set for June 19

Dalton Strategic Partnership (DSP) has become first UK fund manager to offer focused retail access to Pakistan's equities, with the launch of its 'Melchior Selected Trust: Pakistan Opportunities Fund'. The fund, whose investment date was delayed to avoid
Published 10 Jun, 2008 12:00am
Dalton first to provide Pakistan-focused fund: release set for June 19

Dalton first to provide Pakistan-focused fund: release set for June 19

Dalton Strategic Partnership (DSP) has become first UK fund manager to offer focused retail access to Pakistan's equities, with the launch of its 'Melchior Selected Trust: Pakistan Opportunities Fund'. The fund, whose investment date was delayed to avoid
Published 10 Jun, 2008 12:00am
Dalton first to provide Pakistan-focused fund: release set for June 19

Dalton first to provide Pakistan-focused fund: release set for June 19

Dalton Strategic Partnership (DSP) has become first UK fund manager to offer focused retail access to Pakistan''s equities, with the launch of its ''Melchior Selected Trust: Pakistan Opportunities Fund''. The fund, whose investment date was delayed to avo
Published 10 Jun, 2008 12:00am
Dalton first to provide Pakistan-focused fund: release set for June 19

Dalton first to provide Pakistan-focused fund: release set for June 19

Dalton Strategic Partnership (DSP) has become first UK fund manager to offer focused retail access to Pakistan''''s equities, with the launch of its ''''Melchior Selected Trust: Pakistan Opportunities Fund''''. The fund, whose investment date was delayed
Published 10 Jun, 2008 12:00am
One killed, six hurt in Kurram Agency

One killed, six hurt in Kurram Agency

One person was killed and another six injured due to firing and mortar-attack incidents at border village Pewar in restive Kurram Agency, political administration sources said here on Monday. Iqbal Hussain son of Sultan Ali died of his wounds and another
Published 10 Jun, 2008 12:00am
Blast kills four children

Blast kills four children

At least four children were killed in an explosion in the Chitral district, police said. The children died in the blast were in the age between 10 and 12, police officer Khalil-ur-Rahman said.
Published 10 Jun, 2008 12:00am
Blast kills four children

Blast kills four children

At least four children were killed in an explosion in the Chitral district, police said. The children died in the blast were in the age between 10 and 12, police officer Khalil-ur-Rahman said.
Published 10 Jun, 2008 12:00am
Government urged to withdraw ban on wheat movement

Government urged to withdraw ban on wheat movement

Pakistan Flour Mills Association (PFMA) has urged government to withdraw ban on the movement of wheat for ensuring availability of wheat to flour mills in Karachi. In a SOS message to high-ups in Islamabad and Sindh here Monday, chairman PFMA Iqbal Dawood
Published 10 Jun, 2008 12:00am
Punjab government stops wheat procurement

Punjab government stops wheat procurement

The government of Punjab has stopped wheat procurement to make flour millers purchase their stocks from the local market, well-placed sources told Business Recorder here on Monday. Punjab food department had fixed procurement target of 3 million to
Published 10 Jun, 2008 12:00am
Punjab government stops wheat procurement

Punjab government stops wheat procurement

The government of Punjab has stopped wheat procurement to make flour millers purchase their stocks from the local market, well-placed sources told Business Recorder here on Monday. Punjab food department had fixed procurement target of 3 million to
Published 10 Jun, 2008 12:00am
Punjab government stops wheat procurement

Punjab government stops wheat procurement

The government of Punjab has stopped wheat procurement to make flour millers purchase their stocks from the local market, well-placed sources told Business Recorder here on Monday. Punjab food department had fixed procurement target of 3 million to
Published 10 Jun, 2008 12:00am
Global arms spending continues to rise: Sipri

Global arms spending continues to rise: Sipri

The United States accounted for almost half the world's military expenditures in 2007, a year when global arms sales also climbed, a Swedish-based peace institute said Monday.Last year, global military expenditures totalled 1.339 trillion dollars (current
Published 10 Jun, 2008 12:00am
Global arms spending continues to rise: Sipri

Global arms spending continues to rise: Sipri

The United States accounted for almost half the world's military expenditures in 2007, a year when global arms sales also climbed, a Swedish-based peace institute said Monday.Last year, global military expenditures totalled 1.339 trillion dollars (current
Published 10 Jun, 2008 12:00am
Long march to end with restoration of judges: Aitzaz

Long march to end with restoration of judges: Aitzaz

Supreme Court Bar Association (SCBA) President Aitzaz Ahsan has said the long march has began with the departure of lawyers' caravans led by deposed judges with their wives and it will concluded with the restoration of judiciary as it was before November
Published 10 Jun, 2008 12:00am
Advani regrets release of controversial book on Benazir

Advani regrets release of controversial book on Benazir

BJP leader L K Advani has regretted over release of controversial book on Shaheed Benazir Bhutto authored by London-based journalist Shyam Bhatia saying its contents are disturbing for any one who knew the former Prime Minister of Pakistan.
Published 10 Jun, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Jun, 2008 12:00am
Prime Minister's visit to South Arabia seems hollow

Prime Minister's visit to South Arabia seems hollow

Prime Minister Yousuf Raza Gilani's three-day visit to Saudi Arabia seems hollow in terms of budgetary support it required to fill the fiscal overrun as well provide some relief to the common man.
Published 10 Jun, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
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