News Archives for Print - 2008-06-28

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 27, 2008).

Published 28 Jun, 2008 12:00am

Borders are completely safe, says Rehman

Rehman Malik, Advisor to Prime Minister on Interior has ruled out any external threats to the country's security, saying that "Pakistani borders are completely safe and this sort of propaganda is being spread to damage the country's sovereignty."He was sp

Published 28 Jun, 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 Friday (June 27, 2008).

Published 28 Jun, 2008 12:00am

KCCI criticises SBP for refusing R&D claim

The spokesman of Karachi Chamber of Commerce and Industry (KCCI) criticised State Bank of Pakistan for refusing claims in respect of Research and Development (R&D) support as on June 25,2008 despite validity to be expired on June 30,2008 for the shipment

Published 28 Jun, 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 Friday (June 27, 2008).

Published 28 Jun, 2008 12:00am

KCCI body for task force to focus on Chinese markets

Export sub-committee of Karachi Chamber of Commerce and Industry (KCCI) has suggested the government that it should form a task force to focus and prepare a report on the products which are desperately needed by the Chinese industry and also for consumpti

Published 28 Jun, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (June 27, 2008).

Published 28 Jun, 2008 12:00am

'Pakistan ready to enhance economic ties with India'

Planning Commission Deputy Chairman Salman Faruqui on Friday said Pakistan is prepared to enhance economic relations with India on a reciprocal basis. Addressing an "Interactive Business Meeting", hosted by Federation of Indian Chambers of Commerce and In

Published 28 Jun, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (June 27, 2008).

Published 28 Jun, 2008 12:00am

'Previous governments allowed cartelisation in economy'

Leader of the House in the Senate, Mian Raza Rabbani, in a statement issued here on Friday said during the tenure of PML(Q) and the caretakers governments formation of cartels was allowed under a deliberate policy to the detriment of the common man and th

Published 28 Jun, 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 Friday (June 27, 2008).

Published 28 Jun, 2008 12:00am

CJCSC underlines importance of stable Afghanistan

Strong and stable Afghanistan is in the best interest of Pakistan as well as the region, said General Tariq Majid, Chairman, Joint Chiefs of Staff Committee (CJCSC), here on Friday. General Majid was talking to Commander of International Security Assistan

Published 28 Jun, 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 Friday (June 27, 2008).

Published 28 Jun, 2008 12:00am

CJCSC underlines importance of stable Afghanistan

Strong and stable Afghanistan is in the best interest of Pakistan as well as the region, said General Tariq Majid, Chairman, Joint Chiefs of Staff Committee (CJCSC), here on Friday. General Majid was talking to Commander of International Security Assistan

Published 28 Jun, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (June 27, 2008).

Published 28 Jun, 2008 12:00am

Militants publicly execute two 'spies' in Bajaur

Militants executed two Afghans in front of thousands of people Friday after accusing them of spying in Bajaur, while two other people died in clashes afterwards, officials said. Militants beheaded one man and shot the other after telling the crowd in Baja

Published 28 Jun, 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 28 Jun, 2008 12:00am

Militants publicly execute two 'spies' in Bajaur

Militants executed two Afghans in front of thousands of people Friday after accusing them of spying in Bajaur, while two other people died in clashes afterwards, officials said. Militants beheaded one man and shot the other after telling the crowd in Baja

Published 28 Jun, 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 28 Jun, 2008 12:00am

Wapda returns to normal power cuts: Sui gas pipelines repaired

Pakistan Electric Power Company (PEPCO) Managing Director Fazal Ahmed on Friday has said that after the repair of two Sui gas pipelines blown up two days ago near Kashmoor, Wapda has returned to its normal power-cuts across the country.

Published 28 Jun, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Friday (June 27, 2008).

Published 28 Jun, 2008 12:00am

Wapda returns to normal power cuts: Sui gas pipelines repaired

Pakistan Electric Power Company (PEPCO) Managing Director Fazal Ahmed on Friday has said that after the repair of two Sui gas pipelines blown up two days ago near Kashmoor, Wapda has returned to its normal power-cuts across the country.

Published 28 Jun, 2008 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (June 26, 2008).

Published 28 Jun, 2008 12:00am

Wapda returns to normal power cuts: Sui gas pipelines repaired

Pakistan Electric Power Company (PEPCO) Managing Director Fazal Ahmed on Friday has said that after the repair of two Sui gas pipelines blown up two days ago near Kashmoor, Wapda has returned to its normal power-cuts across the country.

Published 28 Jun, 2008 12:00am

New York cotton

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

Published 28 Jun, 2008 12:00am

Biggest pro-freedom march witnessed in occupied Kashmir

Thousands poured onto the streets of Indian occupied Kashmir's main city on Friday calling for independence in some of the largest pro-freedom protests in the Muslim region in almost two decades.

Published 28 Jun, 2008 12:00am

New York cotton

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

Published 28 Jun, 2008 12:00am

Power purchase agreements with Central Asian Republics next month

The government is exploring all avenues to overcome power crisis and for this purpose will sign final import agreements of 1000 MW with Central Asian Republics next month, Federal Minister for Water and Power Raja Pervaiz Ashraf said in a meeting with Amb

Published 28 Jun, 2008 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 Jun, 2008 12:00am

Power purchase agreements with Central Asian Republics next month

The government is exploring all avenues to overcome power crisis and for this purpose will sign final import agreements of 1000 MW with Central Asian Republics next month, Federal Minister for Water and Power Raja Pervaiz Ashraf said in a meeting with Amb

Published 28 Jun, 2008 12:00am

SPORTS WORLD: Never mind the Wimbledon matches, look at the outfits

Glamour girl Maria Sharapova promised something different at Wimbledon and she didn't disappoint, turning up dressed in a racy take on a men's tuxedo for her first round victory.

Published 28 Jun, 2008 12:00am

Power purchase agreements with Central Asian Republics next month

The government is exploring all avenues to overcome power crisis and for this purpose will sign final import agreements of 1000 MW with Central Asian Republics next month, Federal Minister for Water and Power Raja Pervaiz Ashraf said in a meeting with Amb

Published 28 Jun, 2008 12:00am

BRIDGE NOTES: 'You can count on me, partner'

Amongst the many aspects of Defence in Bridge, of which keeping track of the declarer's possible distribution and the source of his tricks for the contract, are of prime importance. One other aspect that is often ignored at the table, is the alertness to

Published 28 Jun, 2008 12:00am

Pakistan won't go soft on terror: Haqqani

People in Pakistan have spoken categorically against terrorism and the country will not go soft on its resolve to fight the menace during the transition period, said Pakistan Ambassador to the United States Hussain Haqqani. The envoy was quashing any conc

Published 28 Jun, 2008 12:00am

SPORTS WORLD: Six-nation Asia Cup gets under way: Shoaib must be making things happen rather than waiting for things to happen

Two matches have been decided in the ninth six-nation Asia Cup, which got under way at Karachi and Lahore simultaneously on June 24. In a Group "B" match at Karachi's National Stadium, hosts Pakistan defeated minnows Hong Kong by 155 runs, while in a Grou

Published 28 Jun, 2008 12:00am

Miscreants release eight abductees

Eight abductees of a peace Jirga were released by the miscreants here on Friday. According to APP correspondent, eight people, abducted from Jandola and Karri Wam in South Waziristan Agency the other day, were released here on Friday.

Published 28 Jun, 2008 12:00am

TV THOUGHTS: Having 'Dinner With the President'; TI report 2008 Remembering Santosh Kumar; violence against women

Regardless of what else is happening, one would like to begin the column this time with the documentary film called "Dinner With the President" which was screened on the Geo TV last week and which was also reviewed subsequently.

Published 28 Jun, 2008 12:00am

Rockets fired from Pakistan kill child: Afghan officials say

Several rockets fired by militants in Pakistan at villages across the border in eastern Afghanistan killed a child and wounded 13 others on Friday, officials said.

Published 28 Jun, 2008 12:00am

Indian bank helps sex workers save

Armed with deposit envelopes and a pen, Akkatai doesn't even cast a passing glance at the men looking for sex in the red light district of India's financial capital. She has her mind focused on another more important task -- collecting bank deposits from

Published 28 Jun, 2008 12:00am

Rockets fired from Pakistan kill child: Afghan officials say

Several rockets fired by militants in Pakistan at villages across the border in eastern Afghanistan killed a child and wounded 13 others on Friday, officials said.

Published 28 Jun, 2008 12:00am

Emphasis on growth of economy through commercialization of technologies

As engineers, while we can be rightly proud of the tremendous role the technology and engineering played in enabling industrialization in Pakistan, there is a lot more to be desired in national direction. Technology and engineering translate scientific kn

Published 28 Jun, 2008 12:00am

UK visa: point-based system effective from June 30

The British government's new point-based system for those wishing to come to the UK for work or study, announced in February, begins its roll out in Pakistan on Monday. From June 30, the Highly Skilled Migrant Programme will be replaced by Tier 1 of the p

Published 28 Jun, 2008 12:00am

Run your car on water!

A company has finally gone and built a car (picture) with a stock hydrogen on demand system. Ronn Motors of Austin, Texas, unveiled what they're calling "the key to a new generation of "green cars," with approximately 40 mpg plus efficiency.

Published 28 Jun, 2008 12:00am

UK visa: point-based system effective from June 30

The British government's new point-based system for those wishing to come to the UK for work or study, announced in February, begins its roll out in Pakistan on Monday. From June 30, the Highly Skilled Migrant Programme will be replaced by Tier 1 of the p

Published 28 Jun, 2008 12:00am

Second time around for African American Muslims

For many African American Muslims, the fallout from the horrendous crime of September 11, 2001 was not entirely new. The US government's response was a bit of déjà vu for those, like me, who were Civil Rights activists in college during the 1960s and 70s.

Published 28 Jun, 2008 12:00am

Four soldiers killed in Afghan attacks

Four members of the US-led coalition force have been killed in insurgent attacks in Afghanistan, the force said on Friday, making June the deadliest month for foreign soldiers since the Taliban were ousted in 2001. The deaths took the number of foreign tr

Published 28 Jun, 2008 12:00am

Time change messed up: ambiguities and other follies

Five years ago when we were less worn with adjusting to people's fickleness, when we believed everything that people said, that they meant it when they praised you and that no one would dream of harming others, of hurting them or depriving or stealing fro

Published 28 Jun, 2008 12:00am

East Timor President says no to UN job

East Timor President Jose Ramos-Horta said on Friday he would not pursue the job of United Nations High Commissioner for Human Rights, confirming earlier media reports. "An early departure from my current responsibility would result in early elections and

Published 28 Jun, 2008 12:00am

Religion like breath in Indonesia

It's a very disappointing day for democracy when supporters of religious tolerance are publicly beaten. But that is precisely what happened this month in Jakarta when 200 activists of the Islamic Defenders Front (FPI) suddenly stormed the Monas Square whe

Published 28 Jun, 2008 12:00am

Eurozone sentiment falls

Eurozone economic sentiment dropped sharply in June, led by weaker confidence in all sectors except services while inflation expectations among consumers and companies jumped, data showed on Friday. The European Commission's economic sentiment indicator f

Published 28 Jun, 2008 12:00am

The significance of intention behind good deeds

It is narrated that the Prophet (sws) said: "[The reward1 of pious2] deeds is dependent only upon intentions3 [of those from whom they emanate]. Every person shall only get what he actually intended [while doing a pious deed4].

Published 28 Jun, 2008 12:00am

ISE index down 27.88 points

Trading at Islamabad Stock Exchange (ISE) remained bearish on Friday as most of the equities closed in negative zone. The ISE 10 Index shed 27.88 points and closed at 2776.55 points against the closing of 2804.43 points in the previous session.

Published 28 Jun, 2008 12:00am

KARACHI CHRONICLE: The story of a stolen newborn baby: A multi-faceted crime

Stealing newborn babies is a crime as old as human history. Who has not heard how the Holy Prophet King Solomon (RA) decided the case between two women, both claiming a baby was her child. Even then, it is shocking that this crime happens in the 21st cent

Published 28 Jun, 2008 12:00am

ISE index down 27.88 points

Trading at Islamabad Stock Exchange (ISE) remained bearish on Friday as most of the equities closed in negative zone. The ISE 10 Index shed 27.88 points and closed at 2776.55 points against the closing of 2804.43 points in the previous session.

Published 28 Jun, 2008 12:00am

EXYLENT EXPERIENCE - Message from Zain ul Abideen Zaidi, Participant

It was on one of my internship days that I came home tired and just got the newspaper and started to read it. On the third page I found the advertisement and over joked I ran to persuade my parents. One the first day when I arrived I felt quite sad that I

Published 28 Jun, 2008 12:00am

LSE index loses 34.98 points

Share values on the Lahore Stock Exchange (LSE) on Friday extended overnight losses with oil sector, banks and fertilizers showing poor performance, forcing the index to fall amid record low volume. The LSE-25 Index closed at 3,901.03 points from 3,936.01

Published 28 Jun, 2008 12:00am

EXYLENT EXPERIENCE - Message from, Hassan Sarfraz, Participant

Just three days in this summer camp and I don't know from where to start telling everybody about all that I have learnt soar. Other than the basics that we have learnt about the robot building, there is another side of this picture that I have learnt from

Published 28 Jun, 2008 12:00am

LSE index loses 34.98 points

Share values on the Lahore Stock Exchange (LSE) on Friday extended overnight losses with oil sector, banks and fertilizers showing poor performance, forcing the index to fall amid record low volume. The LSE-25 Index closed at 3,901.03 points from 3,936.01

Published 28 Jun, 2008 12:00am

EXYLENT EXPERIENCE - Message from Haseeb Niaz, Participant

Joining the EXYLENT Workshop has been an exiting and enlightening experience where the challenges put forward have given me a greater confidence in approaching them which I previously thought were impossible. When I made a functional robot on the third da

Published 28 Jun, 2008 12:00am

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed for public dealings on Tuesday, July 1, 2008, which has been declared as Bank Holiday. All banks/DFIs will, therefore, re

Published 28 Jun, 2008 12:00am

EXYLENT EXPERIENCE - Message from Mujtaba Ilyas Qureshi, Participant

Joining the EXYLENT Workshop was a great privilege for me. Previously, I had absolutely no knowledge of even the basic robotic techniques and the aim of joining the workshop was to enlighten myself on this branch of IT.

Published 28 Jun, 2008 12:00am

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed for public dealings on Tuesday, July 1, 2008, which has been declared as Bank Holiday. All banks/DFIs will, therefore, re

Published 28 Jun, 2008 12:00am

EXYLENT EXPERIENCE - Message from Ali Keyani, Participant

First of all, I would like to thank NUST for organising such a workshop for the first time ever in Pakistan and providing an opportunity to the youth to learn about the latest technology of the world.

Published 28 Jun, 2008 12:00am

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed for public dealings on Tuesday, July 1, 2008, which has been declared as Bank Holiday. All banks/DFIs will, therefore, re

Published 28 Jun, 2008 12:00am

EXYLENT EXPERIENCE - Message from Hina Naz, Participant

First of all, I am greatly thankful to NUST because their efforts have helped us mature our thinking. On the opening Ceremony of EXYLENT workshop I was quite confused due to lack of confidence, which I saw in the rest of the participants, but because of t

Published 28 Jun, 2008 12:00am

Kayani briefs Musharraf on security situation

Chief of the Army Staff General Ashfaq Parvez Kayani called on President Pervez Musharraf here on Friday and briefed him about the role of Pakistan Army in combating the scourge of terrorism and extremism in Fata. The Chief of the Army Staff also briefed

Published 28 Jun, 2008 12:00am

EXYLENT EXPERIENCE - Message from Kashif Sharif, Resource Person

MINDSTORMSTM NXT is a new system that redefine the consumer robotics category. Smarter, stronger and more intuitive than ever. LEGO MINDSTORMS NXT is a robotics toolset that provides endless opportunities for inventors, robotics fanatics and LEGO builders

Published 28 Jun, 2008 12:00am

Kayani briefs Musharraf on security situation

Chief of the Army Staff General Ashfaq Parvez Kayani called on President Pervez Musharraf here on Friday and briefed him about the role of Pakistan Army in combating the scourge of terrorism and extremism in Fata. The Chief of the Army Staff also briefed

Published 28 Jun, 2008 12:00am

EXYLENT EXPERIENCE - Message from Sarah Shafiq Khan, Resource Person

With an experience of imparting knowledge among fortunate kids with easy access to such learning tools in US and our own kids who do not know about such fun ways of learning. I was astonished to see the amount of enthusiasm. Curiosity and eagerness in the

Published 28 Jun, 2008 12:00am

US eyes electronic warfare sale to Pakistan

The Bush administration said on Friday it was proposing to sell Pakistan ITT Corp electronic warfare gear valued at up to $75 million to enhance Islamabad's existing F-16 fighter aircraft fleet.

Published 28 Jun, 2008 12:00am

Message from Director General SEECS

It is my proud privilege to be a part of a university possessed of a passion to make a difference in the lives of its students and faculty and gradually of the society at large. This in my view is the real task of a university worth its name. As a humble

Published 28 Jun, 2008 12:00am

US eyes electronic warfare sale to Pakistan

The Bush administration said on Friday it was proposing to sell Pakistan ITT Corp electronic warfare gear valued at up to $75 million to enhance Islamabad's existing F-16 fighter aircraft fleet.

Published 28 Jun, 2008 12:00am

Message from Special Assistant to Prime Minister on Social Sector

I extend my warm felicitations to National University of Sciences and Technology on organising in partnership with University of North Carolina (UNCC), USA a highly innovative summer camp for high school students. Its rubric 'Exylent' truly portrays the s

Published 28 Jun, 2008 12:00am

Pakistan and India settle IPI gas pipeline fee issue

India and Pakistan have resolved commercial differences holding up a proposed multi-billion-dollar gas pipeline from Iran, oil ministers of both nations said on Friday. The project, which aims to transport gas from Iran to Pakistan and India, was first mo

Published 28 Jun, 2008 12:00am

Who will save our children from honour killing of another kind?

"My son is brilliant, he will become a doctor," a proud father tells his friends. Another status-conscious woman tells her friends, "My daughter is studying in NUST. She wants to be an engineer". Like them, almost all the parents of this country wants the

Published 28 Jun, 2008 12:00am

Pakistan and India settle IPI gas pipeline fee issue

India and Pakistan have resolved commercial differences holding up a proposed multi-billion-dollar gas pipeline from Iran, oil ministers of both nations said on Friday. The project, which aims to transport gas from Iran to Pakistan and India, was first mo

Published 28 Jun, 2008 12:00am

LEGO Mindstorms NXT (History and capabilities)

Scientific studies have shown that the creativity built-up of mind is almost 80 to 90% complete by the time child reaches to the age of 16 to 19. It is that remaining 10-20% which can be later improved polished by providing challenging environment. Our ch

Published 28 Jun, 2008 12:00am

Pakistan and India settle IPI gas pipeline fee issue

India and Pakistan have resolved commercial differences holding up a proposed multi-billion-dollar gas pipeline from Iran, oil ministers of both nations said on Friday. The project, which aims to transport gas from Iran to Pakistan and India, was first mo

Published 28 Jun, 2008 12:00am

Malaysian tin gains

Malaysian tin rose 1.3 percent on Friday on the back of rising London Metal Exchange prices and solid demand, one dealer said.

Published 28 Jun, 2008 12:00am

BRIndex30 down 133.19 points

On Friday, BRIndex30 opened in the red zone at 13,481.76 and remained there for whole of the trading time. It closed at 13,344.76 with a net negative change of -133.19 points and percentage change of -0.99. It experienced intra-day high of 13,513.54 and i

Published 28 Jun, 2008 12:00am

Asian physical rubber prices

Asian physical rubber prices were quoted mostly higher on Friday, tracking bullish futures contract prices on the Tokyo Commodity Exchange as they rose to a fresh 28-year high due to soaring oil prices. But trade was thin as higher prices kept buyers on t

Published 28 Jun, 2008 12:00am

BRIndex30 down 133.19 points

On Friday, BRIndex30 opened in the red zone at 13,481.76 and remained there for whole of the trading time. It closed at 13,344.76 with a net negative change of -133.19 points and percentage change of -0.99. It experienced intra-day high of 13,513.54 and i

Published 28 Jun, 2008 12:00am

New York sugar rides weak dollar

Raw sugar futures relied on investment fund buying to end higher Thursday, inspired by a rally in the soft commodity sector whose main catalyst was the weak dollar, brokers said. The benchmark October raw sugar contract rose 0.30 cent to end at 12.95 cent

Published 28 Jun, 2008 12:00am

Stocks lose shine on KSE

The Karachi share market witnessed heavy selling pressure on Friday and the KSE-100 index lost 98.89 points to close at 12,353.19 points level due to roll over week pressure and investor concern over political uncertainty and unrest in northern parts of t

Published 28 Jun, 2008 12:00am

Tokyo rubber marks fresh 28-year high

Tokyo rubber futures jumped more than 2 percent to touch a fresh 28-year peak above 356 yen on Friday on record high crude oil prices, but prices later drifted lower. The key Tokyo Commodity Exchange rubber contract for December delivery climbed 8.8 yen,

Published 28 Jun, 2008 12:00am

Stocks lose shine on KSE

The Karachi share market witnessed heavy selling pressure on Friday and the KSE-100 index lost 98.89 points to close at 12,353.19 points level due to roll over week pressure and investor concern over political uncertainty and unrest in northern parts of t

Published 28 Jun, 2008 12:00am

US copper firmer

US copper futures ended up on Thursday after hitting their highest levels in seven weeks, as investors took their cue from the dollar, which crumbled in the wake of a neutral Federal Reserve policy statement. Copper for July delivery settled up 5.30 cents

Published 28 Jun, 2008 12:00am

Stocks lose shine on KSE

The Karachi share market witnessed heavy selling pressure on Friday and the KSE-100 index lost 98.89 points to close at 12,353.19 points level due to roll over week pressure and investor concern over political uncertainty and unrest in northern parts of t

Published 28 Jun, 2008 12:00am

Preview: US cotton sowings down

The US Agriculture Department will probably reduce its estimate for US 2008/09 cotton sowings, but industry analysts wonder whether the severe damage in Texas cotton farms will make it into the report. USDA will issue its annual planted acreage report at

Published 28 Jun, 2008 12:00am

Inflation up by 26.79 percent

The inflation measured through SPI was up by 26.79 percent in week ending on June 26 against same period of last year due to surging prices of vegetable, flour and milk. The SPI data released by the Federal Bureau of Statistics on Friday showed that price

Published 28 Jun, 2008 12:00am

US soya up sharply

US soybean futures closed up sharply on Thursday amid excessive rain and flooding in the US Midwest that was harming crops, traders said. Forecasts for more rain in already saturated crop areas were leading to concerns about further harm to the 2008 US so

Published 28 Jun, 2008 12:00am

Inflation up by 26.79 percent

The inflation measured through SPI was up by 26.79 percent in week ending on June 26 against same period of last year due to surging prices of vegetable, flour and milk. The SPI data released by the Federal Bureau of Statistics on Friday showed that price

Published 28 Jun, 2008 12:00am

Malaysian palm rises

Malaysian crude palm oil futures finished up 2.5 percent on Friday, helped by a fresh peak in crude oil prices and short-covering. Oil leapt to a new record high near $142 a barrel on Friday, as tumbling global stock markets triggered a wider commodities

Published 28 Jun, 2008 12:00am

Inflation up by 26.79 percent

The inflation measured through SPI was up by 26.79 percent in week ending on June 26 against same period of last year due to surging prices of vegetable, flour and milk. The SPI data released by the Federal Bureau of Statistics on Friday showed that price

Published 28 Jun, 2008 12:00am

US gold gains

US gold futures ended nearly 4 percent higher on Thursday, posting their biggest one-day absolute gain since March 1985 as funds pour into commodities as the stock market tumbles after oil surges to a record.

Published 28 Jun, 2008 12:00am

Award revision: provinces asked to name NFC members

The government has sought nominations from provinces to appoint members for National Finance Commission (NFC) to revise the award for distribution of resources from divisible pool. A government official told Business Recorder on Friday that the gov

Published 28 Jun, 2008 12:00am

Gold ends steady near one-month high

Gold steadied on Friday after rallying to its strongest level in a month the previous day on record oil prices and a weaker US dollar that boosted the metal's safe-haven appeal. Gold has risen nearly 7 percent since falling to its lowest level in nearly 6

Published 28 Jun, 2008 12:00am

Award revision: provinces asked to name NFC members

The government has sought nominations from provinces to appoint members for National Finance Commission (NFC) to revise the award for distribution of resources from divisible pool. A government official told Business Recorder on Friday that the gov

Published 28 Jun, 2008 12:00am

Oil eases from record high above $140

Oil eased on Friday on profit taking after a near 4 percent surge the previous session to a record above $140, as US lawmakers approved legislation aimed at curbing energy market speculation. US light crude for August delivery was down 43 cents at $139.21

Published 28 Jun, 2008 12:00am

Award revision: provinces asked to name NFC members

The government has sought nominations from provinces to appoint members for National Finance Commission (NFC) to revise the award for distribution of resources from divisible pool. A government official told Business Recorder on Friday that the gov

Published 28 Jun, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10
Karachi Cotton PKR/37.32 KG / Dec 26	17,785

Stock	Price
First Capital Equities / Dec 26 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	16.45 ▲ 1.50 (10.03%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Blue-Ex Ltd / Dec 26 Blue-Ex Limited (GEM)(GEMBLUEX)	44.96 ▲ 4.09 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Altern Energy / Dec 26 Altern Energy Limited(ALTN)	22.65 ▲ 2.06 (10.00%)

Stock	Price
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.10 ▼ -2.57 (-10.01%)
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Fateh Ind. / Dec 26 Fateh Industries Limited(FIL)	120.56 ▼ -13.38 (-9.99%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
Popular Islamic / Dec 26 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.50 (-9.97%)
Arctic Textile / Dec 26 Arctic Textile Mills Limited(ARCTM)	21.60 ▼ -2.37 (-9.89%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Sanghar Sugar / Dec 26 Sanghar Sugar Mills Limited(SANSM)	24 ▼ -2.33 (-8.85%)
Equity Modaraba / Dec 26 First Equity Modaraba(FEM)	3 ▼ -0.29 (-8.81%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.06
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	93,301,142 ▲ 1.50
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	46,900,564 ▲ 6.41
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -1.65
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.16
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.19
B.O.Punjab / Dec 26 The Bank of Punjab(BOP)	30,003,113 ▼ -0.11
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.87
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.09

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