News Archives for Print - 2008-06-15

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am

EU leaders to push on with treaty despite Irish defeat

European leaders vowed Saturday to press ahead with a major EU reform treaty despite Ireland's shock rejection as its prime minister faced a barrage of criticism over his handling of the campaign.

Published 15 Jun, 2008 12:00am

EU leaders to push on with treaty despite Irish defeat

European leaders vowed Saturday to press ahead with a major EU reform treaty despite Ireland's shock rejection as its prime minister faced a barrage of criticism over his handling of the campaign.

Published 15 Jun, 2008 12:00am

FBR reinstates two officials of payphone scam

The Federal Board of Revenue (FBR) has reinstated two officials of customs and excise group and imposed minor penalty on two other officials in the payphone scam. In this connection, the FBR issued four notifications on Saturday. The officials were facing

Published 15 Jun, 2008 12:00am

FBR reinstates two officials of payphone scam

The Federal Board of Revenue (FBR) has reinstated two officials of customs and excise group and imposed minor penalty on two other officials in the payphone scam. In this connection, the FBR issued four notifications on Saturday. The officials were facing

Published 15 Jun, 2008 12:00am

FBR reinstates two officials of payphone scam

The Federal Board of Revenue (FBR) has reinstated two officials of customs and excise group and imposed minor penalty on two other officials in the payphone scam. In this connection, the FBR issued four notifications on Saturday. The officials were facing

Published 15 Jun, 2008 12:00am

US missile strike kills militant in Makeen: officials

An unmanned drone aircraft launched a missile after coming under fire from the ground in South Waziristan on Saturday, killing one militant, officials said. The incident in Makeen, in the insurgency-hit South Waziristan tribal region, comes just days afte

Published 15 Jun, 2008 12:00am

The Weather

The weather report on Saturday (June 14, 2008) and the forecast for Sunday (June 15, 2008).

Published 15 Jun, 2008 12:00am

US missile strike kills militant in Makeen: officials

An unmanned drone aircraft launched a missile after coming under fire from the ground in South Waziristan on Saturday, killing one militant, officials said. The incident in Makeen, in the insurgency-hit South Waziristan tribal region, comes just days afte

Published 15 Jun, 2008 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am

UN chief visits Saudi Arabia amid concern over oil prices

UN Secretary General Ban Ki-moon on Saturday started a mission to Saudi Arabia focused on soaring world oil prices and their impact on global food security. The 24-visit comes amid reports that the oil kingpin is planning to increase its crude production

Published 15 Jun, 2008 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am

UN chief visits Saudi Arabia amid concern over oil prices

UN Secretary General Ban Ki-moon on Saturday started a mission to Saudi Arabia focused on soaring world oil prices and their impact on global food security. The 24-visit comes amid reports that the oil kingpin is planning to increase its crude production

Published 15 Jun, 2008 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am

UN chief visits Saudi Arabia amid concern over oil prices

UN Secretary General Ban Ki-moon on Saturday started a mission to Saudi Arabia focused on soaring world oil prices and their impact on global food security. The 24-visit comes amid reports that the oil kingpin is planning to increase its crude production

Published 15 Jun, 2008 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am

'US will take a 100 years to recover from damage wreaked by Bush'

It will take the United States a century to recover from the damage wreaked by President George. W. Bush, US writer Gore Vidal said in an interview published Saturday. "The president behaved like a virtual criminal but we didn't have the courage to sack h

Published 15 Jun, 2008 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am

'US will take a 100 years to recover from damage wreaked by Bush'

It will take the United States a century to recover from the damage wreaked by President George. W. Bush, US writer Gore Vidal said in an interview published Saturday. "The president behaved like a virtual criminal but we didn't have the courage to sack h

Published 15 Jun, 2008 12:00am

Multan commodities market rates

Commodities market rates in rupees on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am

Pakistan hands over four rebels to Iran

Pakistan has handed over to Iran four Iranian rebels, including the brother of a militant group leader in south-eastern Iran, state media reported on Saturday. The handover took place as part of a security pact between Iran and Pakistan, which borders Sis

Published 15 Jun, 2008 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am

Pakistan hands over four rebels to Iran

Pakistan has handed over to Iran four Iranian rebels, including the brother of a militant group leader in south-eastern Iran, state media reported on Saturday. The handover took place as part of a security pact between Iran and Pakistan, which borders Sis

Published 15 Jun, 2008 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am

Terrorism may not end through war: Qureshi

Foreign Minister Shah Mehmood Qureshi on Saturday said fighting war or adopting violent means cannot ensure elimination of terrorism from the region as ground realities should also be taken into consideration for exterminating the menace completely.

Published 15 Jun, 2008 12:00am

Budgets of Punjab and Sindh on June 16

The Punjab provincial budget for the financial year 2008-09 will be presented in the Punjab Assembly on June 16, 2008 at 11:00 am, by Finance Minister Tanvir Ashraf Kaira. He would also present Supplementary Budget for 2007-08. Muhammad Iqbal, Speaker of

Published 15 Jun, 2008 12:00am

Sterlite, Tata Power enter India benchmark index

Sterlite Industries, India's top non-ferrous metals company, and Tata Power Co Ltd will enter the country's benchmark BSE Index after a rejig, the stock exchange said. The two stocks replace Ambuja Cements Ltd and Cipla Ltd, the statement, released on Fri

Published 15 Jun, 2008 12:00am

Sterlite, Tata Power enter India benchmark index

Sterlite Industries, India's top non-ferrous metals company, and Tata Power Co Ltd will enter the country's benchmark BSE Index after a rejig, the stock exchange said. The two stocks replace Ambuja Cements Ltd and Cipla Ltd, the statement, released on Fri

Published 15 Jun, 2008 12:00am

Ambani brothers' feud over MTN talks escalates

Indian billionaire Anil Ambani on Saturday threatened legal action against his brother if he tries to block a big telecom merger deal, a source said, as the battle in India's richest family heated up.

Published 15 Jun, 2008 12:00am

Gas prices top consumer worry: economists

Between chewing sauce-slathered ribs and corn on the cob, the neighbours and relatives of Wall Street's top prognosticators had one thing on their mind this past Memorial Day: gasoline prices. The 15 experts who spoke to the Reuters Investment Outlook Sum

Published 15 Jun, 2008 12:00am

Quake-hit China province to re-open tourist services

China's earthquake-hit Sichuan province will reopen some tourist services to the public from June 15, in a bid to revive its tourism industry, official media said on Saturday. Sichuan province is home to most of the world's giant pandas and suffered serio

Published 15 Jun, 2008 12:00am

Credit Suisse wins approval for China securities joint venture

Credit Suisse said on Saturday that it has won approval from regulators to set up a securities joint venture in China, which will allow it to underwrite domestic stock and bond offerings in the country. The Swiss bank joins rivals UBS and Goldman Sachs am

Published 15 Jun, 2008 12:00am

Credit Suisse wins approval for China securities joint venture

Credit Suisse said on Saturday that it has won approval from regulators to set up a securities joint venture in China, which will allow it to underwrite domestic stock and bond offerings in the country. The Swiss bank joins rivals UBS and Goldman Sachs am

Published 15 Jun, 2008 12:00am

McCain seen as best choice for US economy

Republican presidential candidate John McCain's tax policies have given him an edge as the better man for the US economy, various Wall Street experts said at this week's Reuters Investment Outlook Summit. But, against a backdrop of job losses and deterior

Published 15 Jun, 2008 12:00am

ECLAC says oil, food prices to slow Latam growth

Latin American and Caribbean economies will start to slow in the second half of this year and possibly into 2009 due to the rise in oil and food prices, the UN Latin American Economic Commission said on Friday.

Published 15 Jun, 2008 12:00am

Oil spike may prolong downturn: Paulson

Soaring oil prices could prolong a US economic downturn triggered by a housing market slump and credit crisis, Treasury Secretary Henry Paulson warned on Saturday. Speaking after a meeting of Group of Eight finance ministers, Paulson repeated that he back

Published 15 Jun, 2008 12:00am

US meets South Korean minister on beef dispute

The Bush administration's top trade negotiator hosted her South Korean counterpart on Friday in a meeting that aimed to ease the uproar in South Korea over a recent deal to resume American beef shipments.

Published 15 Jun, 2008 12:00am

Microsoft offered $9 billion for Yahoo stake

When Yahoo Inc turned down the latest offer from Microsoft Corp this week, it walked away from $9 billion in cash and $1 billion a year in additional operating profit, Microsoft said on Friday.

Published 15 Jun, 2008 12:00am

Germany warns oil prices threaten global economy

The global economy could be under threat if oil prices remain too high for too long, German Economy Minister Michael Glos was quoted on Saturday as saying. "An excessively high oil price for too long could throw the whole global economy into turmoil," Glo

Published 15 Jun, 2008 12:00am

Lockheed gets contract modification

Lockheed Martin Corp won a contract modification worth up to $470 million to supply six HC/MC-130J transport airplanes to the US Air Force during fiscal 2009, the Pentagon said on Friday. So far, $75 million has been committed, the Pentagon said in its da

Published 15 Jun, 2008 12:00am

Bangladesh trade deficit swells as import prices soar

Bangladesh's trade deficit in the first 10 months of fiscal 2007/08 expanded to nearly $5 billion from a year-earlier $3.34 billion, as the cost of oil and food imports soared, central bank officials said on Friday. The latest trade figures underline the

Published 15 Jun, 2008 12:00am

Canada factory sales jump

Higher prices and production in the petroleum products industry helped drive up Canadian manufacturing sales by a stronger-than-expected 2 percent in April from March, Statistics Canada said on Friday. The market had expected a mere 0.1 percent rise, acco

Published 15 Jun, 2008 12:00am

MGM Energy in deal to explore Canadian north lands

MGM Energy Corp has agreed to test the oil and gas potential of land in Canada's far north owned by the Gwich'in aboriginal people, but has not yet committed to drilling any wells, the company and tribal council said on Friday. Under a memorandum of under

Published 15 Jun, 2008 12:00am

Brazil energy minister says oil rounds unlikely in 2008

Brazil is unlikely to auction any exploration and production rights for oil and gas in 2008 but will clear the private sector to explore and export uranium, Mines and Energy Minister Edison Lobao said Friday. "The tenth oil round will not (be held). And t

Published 15 Jun, 2008 12:00am

Union Pacific enacts force majeure amid US floods

Union Pacific Corp, the No 1 US railroad, said on Friday it was enacting force majeure provisions immediately because of severe flooding in the Midwest. Declaring force majeure allows shippers to extend deadlines for cargo delivery due to events beyond th

Published 15 Jun, 2008 12:00am

Bangladesh oil losses seen at $2.5 billion in 2008-2009

Bangladesh, which depends fully on imports to meet its oil needs, faces up to $2.5 billion in losses in the year to June 2009 unless it raises prices to match international market rates, a government official said on Saturday.

Published 15 Jun, 2008 12:00am

Flooded Iowa crops face heavy yield losses

About one-quarter of Iowa's soybean acres and at least 8 percent of the state's corn either have not been seeded or will need replanting due to flooding, an Iowa State University agronomist said in an interview on Friday. Planting at this late date, farme

Published 15 Jun, 2008 12:00am

Panama consumer prices jump

Consumer prices in Panama rose 0.8 percent in May, while 12-month inflation at the end of the month was 8.8 percent as consumers paid more for gasoline and food, the government said on Friday. Dollarized Panama continued to be hit hard in May by a weak do

Published 15 Jun, 2008 12:00am

Lehman's Fuld still has support, for now

Dick Fuld has piloted Lehman Brothers Holdings Inc through turbulent waters, and although he still seems to have backing inside the company, some investors are starting to wonder if he will soon walk the plank. Lehman's shares have fallen 23 percent over

Published 15 Jun, 2008 12:00am

Cadbury looks to boost growth with chocolate gum

Chocolate-flavoured gum is the latest product the world's largest confectionery group Cadbury Plc has dreamed up in Britain to keep chewing into the near-stranglehold arch-rival Wrigley once had on the market.

Published 15 Jun, 2008 12:00am

Oil prices slump at end of volatile week

World oil prices fell sharply this week in turbulent trade as commodity investors tracked the strengthening dollar and took profits after crude's recent record-breaking run. The market was also dampened as details emerged about a meeting on June 22 of the

Published 15 Jun, 2008 12:00am

US rice futures soar 50-cent limit

Rough rice futures on the Chicago Board of Trade rallied the 50-cent limit in the July contract late amid spillover buying from the other CBOT commodities, traders said. July rice closed up the 50-cent daily at $20.30 per cwt. September ended 35 cents up

Published 15 Jun, 2008 12:00am

New York sugar closes firm

Raw sugar futures settled higher on Friday on investor short-covering and trade buying, and most trade sources said the market may be poised to rally further over the next few weeks. Ralph Preston of Heritage West Futures in San Diego, California, said su

Published 15 Jun, 2008 12:00am

Malaysia to spend 245 million dollars to boost rice output

Malaysia has allocated up to 803 million ringgit ($245.2 million) to boost domestic rice production, Agriculture Minister Mustapa Mohamed said in a speech to be delivered on Friday.

Published 15 Jun, 2008 12:00am

Manila talking to Vietnam about buying more rice

The Philippines is negotiating with the Vietnamese government about buying an unspecified quantity of rice, taking advantage of a recent drop in international prices to boost stocks of its national staple. Agriculture Secretary Arthur Yap told reporters o

Published 15 Jun, 2008 12:00am

Oil prices rise to be automatically passed on to consumers from next month

Pakistan will automatically pass on any increase in world oil prices to domestic consumers from next month, and phase out subsidies entirely by the end of 2008, a senior official told Reuters on Saturday.

Published 15 Jun, 2008 12:00am

Philippines wants to double year-end rice stocks

The Philippines wants to double its year-end rice inventory to 30 days worth of consumption, or 990,000 tonnes, and may buy supplies on the open market to secure the volume, the country's agriculture chief said on Friday.

Published 15 Jun, 2008 12:00am

Oil prices rise to be automatically passed on to consumers from next month

Pakistan will automatically pass on any increase in world oil prices to domestic consumers from next month, and phase out subsidies entirely by the end of 2008, a senior official told Reuters on Saturday.

Published 15 Jun, 2008 12:00am

Thailand to export at least 9.5 million tonnes of rice

Thailand will ship at least 9.5 million tonnes of rice this year, about the same as last year and above an earlier forecast of 9 million tonnes, due to strong overseas demand, the commerce minister said on Friday. Mingkwan Sangsuwan said several countries

Published 15 Jun, 2008 12:00am

Oil prices rise to be automatically passed on to consumers from next month

Pakistan will automatically pass on any increase in world oil prices to domestic consumers from next month, and phase out subsidies entirely by the end of 2008, a senior official told Reuters on Saturday.

Published 15 Jun, 2008 12:00am

Indonesian crude palm oil rebounds

Indonesian crude palm oil prices rebounded on Friday, lifted by local demand and gains in the Malaysian market but slow demand knocked cooking oil prices. The state marketing centre in Jakarta sold crude palm oil at 9,584 rupiah ($1.03) a kg, rising about

Published 15 Jun, 2008 12:00am

Trade policy to unveil comprehensive package to enhance textile exports: National Assembly told

The National Assembly was told on Saturday that the trade policy for 2008-09 would unveil a comprehensive package, prepared by the Ministry of Commerce and Ministry of Textile, to enhance the dwindling exports of textile industry.

Published 15 Jun, 2008 12:00am

Soymeal hits 35-year top

The US soymeal futures market soared to a 35-year high for the second straight day on Friday as worries mounted about the availability of meal as severe flooding forced several Iowa soy processors to close, traders said. "That contributed to the strength

Published 15 Jun, 2008 12:00am

Trade policy to unveil comprehensive package to enhance textile exports: National Assembly told

The National Assembly was told on Saturday that the trade policy for 2008-09 would unveil a comprehensive package, prepared by the Ministry of Commerce and Ministry of Textile, to enhance the dwindling exports of textile industry.

Published 15 Jun, 2008 12:00am

US gold ekes out gains

US gold futures finished on Friday with modest gains as light short-cover buying propped up prices at the session's end, but the upside was limited by dollar strength and a drop in oil prices, traders said. Two US economic reports, May CPI and June consum

Published 15 Jun, 2008 12:00am

Trade policy to unveil comprehensive package to enhance textile exports: National Assembly told

The National Assembly was told on Saturday that the trade policy for 2008-09 would unveil a comprehensive package, prepared by the Ministry of Commerce and Ministry of Textile, to enhance the dwindling exports of textile industry.

Published 15 Jun, 2008 12:00am

US copper futures end firm

US copper futures bounced to a firmer finish Friday as investors covered their bearish price bets after heavy weekly sales pressure failed to break the market down below key technical support, traders said. Copper for July delivery settled up 5.10 cent at

Published 15 Jun, 2008 12:00am

Banks told to ensure genuineness of on-line transactions

The State Bank of Pakistan on Saturday instructed banks to take possible measures to protect the interest of banks, their depositors and to avoid any likely dispute. The SBP has issued a circular to all Presidents and Chief Executives of banks to take spe

Published 15 Jun, 2008 12:00am

World 2008-2009 coffee crop higher

World coffee production will total a record 140.6 million bags weighing 60 kgs each in 2008/09, up 18.2 million bags from the previous marketing year, the US Agriculture Department said on Friday. Coffee exports were forecast at 104.316 million bags, comp

Published 15 Jun, 2008 12:00am

Banks told to ensure genuineness of on-line transactions

The State Bank of Pakistan on Saturday instructed banks to take possible measures to protect the interest of banks, their depositors and to avoid any likely dispute. The SBP has issued a circular to all Presidents and Chief Executives of banks to take spe

Published 15 Jun, 2008 12:00am

Upward trend on Australian wool market

The Australian wool market finished 2.1 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 25 Australian cents (3.0 percent), ending the week at 870 Aust cents a kg.

Published 15 Jun, 2008 12:00am

Banks told to ensure genuineness of on-line transactions

The State Bank of Pakistan on Saturday instructed banks to take possible measures to protect the interest of banks, their depositors and to avoid any likely dispute. The SBP has issued a circular to all Presidents and Chief Executives of banks to take spe

Published 15 Jun, 2008 12:00am

Subdued activity witnessed on grain market

Thin trading was seen on the grain market on Saturday as many wholesale dealers were on the sidelines after declining demand by the retailers, dealers said. On the cereals side, Urad Burma lost Rs 50 to Rs 1600-1800, Barley Sindh and Mardan, however, gain

Published 15 Jun, 2008 12:00am

SBP plans to raise Rs 20 billion through PIBs auction

The State Bank of Pakistan has planned to raise Rs 20 billion through an auction of Pakistan Investment Bonds (PIBs). The central bank has invited tenders for the sale of 3-, 5- and 10 years (Re-opening on 22nd August, 2007), 15 and 20 years (Re-opening o

Published 15 Jun, 2008 12:00am

FOB Gulf corn and soya export premiums hold steady

US FOB Gulf corn and soyabean export premiums held steady on Friday but exporters remained concerned about getting adequate supplies of grain as locks began closing on the upper Mississippi River, traders said. Four locks on the Mississippi River have clo

Published 15 Jun, 2008 12:00am

SBP plans to raise Rs 20 billion through PIBs auction

The State Bank of Pakistan has planned to raise Rs 20 billion through an auction of Pakistan Investment Bonds (PIBs). The central bank has invited tenders for the sale of 3-, 5- and 10 years (Re-opening on 22nd August, 2007), 15 and 20 years (Re-opening o

Published 15 Jun, 2008 12:00am

Firm trend seen on cotton market

Activity improved a little on the cotton market on Saturday as exporters preferred to buy local stuff instead of import in an effort to keep away from the lengthy process, experts said. The Karachi cotton Association (KCA) official spot rate was unchanged

Published 15 Jun, 2008 12:00am

SBP plans to raise Rs 20 billion through PIBs auction

The State Bank of Pakistan has planned to raise Rs 20 billion through an auction of Pakistan Investment Bonds (PIBs). The central bank has invited tenders for the sale of 3-, 5- and 10 years (Re-opening on 22nd August, 2007), 15 and 20 years (Re-opening o

Published 15 Jun, 2008 12:00am

Oil cake market rates

Firmness prevailed on the forward cottonseed oilcake market on Saturday amid low trading, dealers said. The July vaida was unchanged at the beginning hour at Rs 801.00 and closing was seen at the same rate, they said.

Published 15 Jun, 2008 12:00am

SBP plans to raise Rs 20 billion through PIBs auction

The State Bank of Pakistan has planned to raise Rs 20 billion through an auction of Pakistan Investment Bonds (PIBs). The central bank has invited tenders for the sale of 3-, 5- and 10 years (Re-opening on 22nd August, 2007), 15 and 20 years (Re-opening o

Published 15 Jun, 2008 12:00am

Plastic mouldings mixed on Jodia Bazaar

The trading on plastic moulding compounds closed mixed on Jodia Bazaar here on Saturday. The following variations were noted.

Published 15 Jun, 2008 12:00am

Ogra proposes 5-7 percent raise in POL prices

The Oil and Gas Regulatory Authority (Ogra) has recommended 5 to 7 percent increase in oil products prices for the fortnight starting from June 16. Sources said the Authority was for across-the-board increase in the prices of all petroleum products.

Published 15 Jun, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 107,141 tonnes of cargo including 50,345 tonnes of import, 56,796 tonnes of export cargo and 4,447 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Saturday.

Published 15 Jun, 2008 12:00am

Ogra proposes 5-7 percent raise in POL prices

The Oil and Gas Regulatory Authority (Ogra) has recommended 5 to 7 percent increase in oil products prices for the fortnight starting from June 16. Sources said the Authority was for across-the-board increase in the prices of all petroleum products.

Published 15 Jun, 2008 12:00am

Indonesia may import less raw sugar this year: official

Raw sugar imports by Indonesia's local refiners may be 21.6 percent below initial forecasts for this year due to ample stocks and slowing consumption, a senior industry official said on Friday. Southeast Asia's largest economy ranked as the world's second

Published 15 Jun, 2008 12:00am

Ogra proposes 5-7 percent raise in POL prices

The Oil and Gas Regulatory Authority (Ogra) has recommended 5 to 7 percent increase in oil products prices for the fortnight starting from June 16. Sources said the Authority was for across-the-board increase in the prices of all petroleum products.

Published 15 Jun, 2008 12:00am

Iran tenders to buy 50,000 tonnes milling wheat

Iran's state purchasing agency has issued an international tender to buy 50,000 tonnes of Ukrainian-origin milling wheat, European traders said on Friday. Shipment was between July 15 to August 15. The bidding deadline was June 17. Iran has in recent mont

Published 15 Jun, 2008 12:00am

'Oil import bill can touch $22 billion'

Country representative, Hatton National Bank, AB Shahid has cautioned that Pakistan's oil import bill could reach $22 billion in 2008-09 if international crude price touches $150 a barrel. He was delivering his speech on "the impact of budget on banking s

Published 15 Jun, 2008 12:00am

US wheat futures close three percent higher

US wheat futures closed 3 percent higher on Friday on technical buying and spillover from the soaring corn market, traders said. At the Chicago Board of Trade, corn futures set record highs for a seventh straight day due to flooding in the US Corn Belt, s

Published 15 Jun, 2008 12:00am

'Oil import bill can touch $22 billion'

Country representative, Hatton National Bank, AB Shahid has cautioned that Pakistan's oil import bill could reach $22 billion in 2008-09 if international crude price touches $150 a barrel. He was delivering his speech on "the impact of budget on banking s

Published 15 Jun, 2008 12:00am

US Midwest soyabean and corn mostly weaker

Spot basis bids for soyabeans and corn were mostly steady to weaker after a rally pushed soyabean prices to more than $15 per bushel in some areas and corn prices to more than $7 per bushel, grain dealers said. The rally sparked a round of light farmer se

Published 15 Jun, 2008 12:00am

''Oil import bill can touch $22 billion''

Country representative, Hatton National Bank, AB Shahid has cautioned that Pakistan''s oil import bill could reach $22 billion in 2008-09 if international crude price touches $150 a barrel. He was delivering his speech on "the impact of budget on banking

Published 15 Jun, 2008 12:00am

KCBT wheat bounces back, ends up 3.6 percent

Hard red winter wheat futures on the Kansas City Board of Trade erased early losses and ended up 3.6 percent on Friday as corn futures surged to new highs amid heavy rains and flooding across US farm country. The KCBT July wheat contract closed up 32 cent

Published 15 Jun, 2008 12:00am

G8 calls for oil output boost to ease economic threats

World finance chiefs warned on Saturday runaway oil prices could imperil global economic growth, calling on producers to open up the taps and tasking the IMF to investigate wild market swings. The weakness of the dollar and the role of speculators in the

Published 15 Jun, 2008 12:00am

US corn futures hit all-time high

US corn futures on the Chicago Board of Trade hit an all-time high for the seventh straight day on Friday as heavy rainfall and flooding in the heartland is harming 2008 crops, traders said. July corn ended 22-3/4 cents higher at $7.31-3/4 a bushel, after

Published 15 Jun, 2008 12:00am

G8 calls for oil output boost to ease economic threats

World finance chiefs warned on Saturday runaway oil prices could imperil global economic growth, calling on producers to open up the taps and tasking the IMF to investigate wild market swings. The weakness of the dollar and the role of speculators in the

Published 15 Jun, 2008 12:00am

Canadian canola futures higher

Canadian canola futures were higher on Friday after US soyabean futures on Thursday, following a wet-weather rally in US soyaoil futures, traders said. "Fundamentals (in the soyabean market) took over. I think that boosted (bean) prices and dragged us alo

Published 15 Jun, 2008 12:00am

G8 calls for oil output boost to ease economic threats

World finance chiefs warned on Saturday runaway oil prices could imperil global economic growth, calling on producers to open up the taps and tasking the IMF to investigate wild market swings. The weakness of the dollar and the role of speculators in the

Published 15 Jun, 2008 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 15 Jun, 2008 12:00am

Budgets of Punjab and Sindh on June 16

The Punjab provincial budget for the financial year 2008-09 will be presented in the Punjab Assembly on June 16, 2008 at 11:00 am, by Finance Minister Tanvir Ashraf Kaira. He would also present Supplementary Budget for 2007-08. Muhammad Iqbal, Speaker of

Published 15 Jun, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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