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Print - 2008-07-11
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 11 Jul, 2008 12:00am
First Apparel South Asia Conference in Colombo

First Apparel South Asia Conference in Colombo

Sri Lanka will host the first ever Apparel South Asia Conference on November 5 and 6, in Colombo on theme "Beyond 2010 - Challenges and Opportunities." It is the first unique annual event planned and executed to meet some of urgent needs of South Asian Ap
Published 11 Jul, 2008 12:00am
Skardu and Astore being linked via landline phone

Skardu and Astore being linked via landline phone

Special Communication Organisation (SCO) is actively working to link Skardu and Astore districts through landline phone facility. According to details, work on the project of laying modern cable in this regard is going on swiftly. On the other hand, SCO i
Published 11 Jul, 2008 12:00am
Minister asks Iesco officials to improve efficiency

Minister asks Iesco officials to improve efficiency

Minister for Water and Power Raja Pervez Ashraf on Thursday directed officials of Islamabad Electric Supply Company (IESCO) to improve their efficiency and make the company more consumer friendly.
Published 11 Jul, 2008 12:00am
Efforts on to provide relief to the poor in flood situation

Efforts on to provide relief to the poor in flood situation

Federal Flood Commission Chairman Dr I.B Sheikh has said the coalition government was making all out efforts for safeguarding lives and properties of the people through providing maximum relief to the poor in flood situation.
Published 11 Jul, 2008 12:00am
Pesticide industry to form new body

Pesticide industry to form new body

The elections for the general body of the Pakistan Crop Protection Association will be held on July 25, 2008. The goal of the new body is that new members are elected who can solve the problems facing the pesticides industry.
Published 11 Jul, 2008 12:00am
Agriculture scientists urged to educate growers on use of water

Agriculture scientists urged to educate growers on use of water

Chief Minister Balochistan, Nawab Muhammad Aslam Raisani has called upon agricultural scientists to educate growers on rational use of water, pesticides and quality seeds keeping in view water scarcity and dry weather conditions in the province.
Published 11 Jul, 2008 12:00am
PML-N stays away from lawyers rally

PML-N stays away from lawyers rally

The capital on Thursday witnessed charged legal community digging ashes from their virtually extinguished movement to ignite second leg of country-wide struggle to press the government for reinstatement of sacked judges by staging a protest demonstration
Published 11 Jul, 2008 12:00am
Lawyers boycott courts, stage rally

Lawyers boycott courts, stage rally

Lawyers' weekly protest demanding judges and the judiciary re-installed on Thursday boycotted the courts and staged a rally on The Mall. Speakers at the Lahore High Court Bar general meeting said their protest aimed at reminding the promise of the Parliam
Published 11 Jul, 2008 12:00am
Economic development: public-private sectors collaboration underlined

Economic development: public-private sectors collaboration underlined

Pakistan direly needs more infrastructural development projects with joint collaboration of the public and private sectors to accelerate economic development and the newly elected government is focusing its attention on public-private partnership (PPP).
Published 11 Jul, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (July 10, 2008) and the forecast for Friday (July 11, 2008).

Published 11 Jul, 2008 12:00am
JSIL announces financial results

JSIL announces financial results

JS Investments Limited (JSIL), (formerly JS Abamco Limited) has announced the financial results for Open End Funds (OEFs) under its management for the fiscal year ended June 30th, 2008.
Published 11 Jul, 2008 12:00am
LCCI for promoting trade and industry

LCCI for promoting trade and industry

The Lahore Chamber of Commerce and Industry will continue to play its role in promoting trade and industry, which is passing through a critical time in its history, Mohammad Ali Mian told newly elected office-bearers of the Anjuman-e-Tajiran Bilal Gunj at
Published 11 Jul, 2008 12:00am
LHC body takes disciplinary action against judges

LHC body takes disciplinary action against judges

The Administration Committee of the Lahore High Court, headed by Justice Sayed Zahid Hussain, has ordered disciplinary action against Multan's District and Sessions Civil Judge 1st Class Muhammad Arif, Rahim Yar Khan, Khalid Mehmood Warriach, Civil Judge-
Published 11 Jul, 2008 12:00am
ADB establishes fund for post-2012 carbon credits

ADB establishes fund for post-2012 carbon credits

The Asian Development Bank (ADB) has established a new fund using carbon credits generated beyond 2012 to provide urgently needed financing for clean energy projects in the Asia-Pacific region.
Published 11 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 10, 2008).

Published 11 Jul, 2008 12:00am
Afridi tribe signs agreement; promises good behaviour

Afridi tribe signs agreement; promises good behaviour

Fata Secretariat of the Governor NWFP Tuesday commented on the signing of a peace agreement in the region, saying that the Afridi tribes of Bara Tehsil, Khyber Agency has submitted a written undertaking to the political administration regarding the mainte
Published 11 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 10, 2008).

Published 11 Jul, 2008 12:00am
PSMA seeks chief minister help to develop sugarcane yield

PSMA seeks chief minister help to develop sugarcane yield

Pakistan's economic survival totally depends on agricultural research and development, which is getting importance with every passing day. The high prices of not only oil, but also the essential food commodities in the entire world have given a significan
Published 11 Jul, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 10, 2008).

Published 11 Jul, 2008 12:00am
Ufone introduces Call Block Service

Ufone introduces Call Block Service

For the first time in Pakistan, the Ufone prepaid customers now have the facility to block unwanted calls coming their way, says a press release.
Published 11 Jul, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (July 10, 2008) and for Friday (July 11, 2008).
Published 11 Jul, 2008 12:00am
US wheat futures lower in lacklustre trade

US wheat futures lower in lacklustre trade

US wheat futures closed lower in lacklustre trade on Wednesday, pressed by declines in corn and the ongoing harvest of a likely record large world wheat crop, traders said. Corn futures fell as mild weather forecasts inspired continued fund long liquidati
Published 11 Jul, 2008 12:00am
US to provide food assistance: Patterson

US to provide food assistance: Patterson

United States is sensitive to the existing wheat shortage in Pakistan and would provide necessary food assistance to meet her requirements, however, the quantity of soft white wheat would be discussed by the concerned authorities of both the countries, sa
Published 11 Jul, 2008 12:00am
China sees 2008-09 record soya imports

China sees 2008-09 record soya imports

China, the world's largest soyabean buyer, is expected to import a record 35 million tonnes of the oilseed in the year to September, a rise of 24 percent from the previous year, an official think-tank said on Thursday.
Published 11 Jul, 2008 12:00am
US to provide food assistance: Patterson

US to provide food assistance: Patterson

United States is sensitive to the existing wheat shortage in Pakistan and would provide necessary food assistance to meet her requirements, however, the quantity of soft white wheat would be discussed by the concerned authorities of both the countries, sa
Published 11 Jul, 2008 12:00am
Opec cuts oil demand forecast

Opec cuts oil demand forecast

Opec on Thursday cut its long-term estimate for world oil demand, saying consumption by 2030 would be 3.7 percent lower than previously forecast as soaring prices drive efforts to save energy. Oil prices hit record highs of just below 147 dollars last wee
Published 11 Jul, 2008 12:00am
Guwar and rapeseed, til prices up on grain market

Guwar and rapeseed, til prices up on grain market

Rising trend was witnessed on the grain market on Thursday as some buyers made forward buying in process of trading, dealers said. On the cereal side, wheat old and new burdana quoted at Rs 2400-2415. Guward sindh low type gained Rs 150 to Rs 2400 and bet
Published 11 Jul, 2008 12:00am
Opec cuts oil demand forecast

Opec cuts oil demand forecast

Opec on Thursday cut its long-term estimate for world oil demand, saying consumption by 2030 would be 3.7 percent lower than previously forecast as soaring prices drive efforts to save energy. Oil prices hit record highs of just below 147 dollars last wee
Published 11 Jul, 2008 12:00am
Abu Dhabi June gold sales volume rises

Abu Dhabi June gold sales volume rises

Abu Dhabi gold sales volume rose 20 percent in June on expatriate demand, but was almost unchanged over the second quarter due to record high prices, the emirate's Gold and Jewellery Group chairman said on Thursday.
Published 11 Jul, 2008 12:00am
LSE stays depressed

LSE stays depressed

Equities has seen a downward trend for the fourth consecutive trading session of this week on the Lahore Stock Exchange (LSE) amid a squeezed transaction volume for lack of institutional and investors support.
Published 11 Jul, 2008 12:00am
KCBT wheat ends down on faltering CBOT corn

KCBT wheat ends down on faltering CBOT corn

Hard red winter wheat futures on the Kansas City Board of Trade closed lower on Wednesday following a drop in CBOT corn, traders said. Prospects for a big global wheat crop this year also continued to weigh on wheat prices.
Published 11 Jul, 2008 12:00am
LSE stays depressed

LSE stays depressed

Equities has seen a downward trend for the fourth consecutive trading session of this week on the Lahore Stock Exchange (LSE) amid a squeezed transaction volume for lack of institutional and investors support.
Published 11 Jul, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 131,329 tonnes of cargo including 84,488 tonnes of import, 46,841 tonnes of export cargo and 3,716 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Thursday.
Published 11 Jul, 2008 12:00am
ISE equities fail to show recovery

ISE equities fail to show recovery

Fresh bearish assault moved the entire ready-board in downward direction on Thursday at Islamabad Stock Exchange where equities failed to show recovery signs under the lead of trend-setters amid decrease in index.
Published 11 Jul, 2008 12:00am
Italian jewellery exports fall

Italian jewellery exports fall

Italian jewellery exports fell by a double-digits rate in the first-quarter as the sector suffered from high commodity prices and a consumer slowdown, Italian goldsmiths' body Federorafi said on Thursday.
Published 11 Jul, 2008 12:00am
ISE equities fail to show recovery

ISE equities fail to show recovery

Fresh bearish assault moved the entire ready-board in downward direction on Thursday at Islamabad Stock Exchange where equities failed to show recovery signs under the lead of trend-setters amid decrease in index.
Published 11 Jul, 2008 12:00am
State Bank of Pakistan conversion rates

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 11 Jul, 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 11 Jul, 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 Thursday (July 10, 2008).

Published 11 Jul, 2008 12:00am
Credit Suisse launches operations in Pakistan

Credit Suisse launches operations in Pakistan

The Credit Suisse Group, Switzerland's leading bank has announced the launching of equity research and research sales businesses to facilitate institutional clients in Pakistan.
Published 11 Jul, 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 Thursday (July 10, 2008).

Published 11 Jul, 2008 12:00am
Credit Suisse launches operations in Pakistan

Credit Suisse launches operations in Pakistan

The Credit Suisse Group, Switzerland's leading bank has announced the launching of equity research and research sales businesses to facilitate institutional clients in Pakistan.
Published 11 Jul, 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 Thursday (July 10, 2008).

Published 11 Jul, 2008 12:00am
Credit Suisse launches operations in Pakistan

Credit Suisse launches operations in Pakistan

The Credit Suisse Group, Switzerland''s leading bank has announced the launching of equity research and research sales businesses to facilitate institutional clients in Pakistan.
Published 11 Jul, 2008 12:00am
PNSC acquires modern and double hull oil tanker

PNSC acquires modern and double hull oil tanker

The Pakistan National Shipping Corporation (PNSC) has acquired first modern, double hull oil tanker named "MT Quetta". A statement here on Thursday said that the vessel was handed over in Fujairah on July 10 and after loading crude oil, she will arrive in
Published 11 Jul, 2008 12:00am
PNSC acquires modern and double hull oil tanker

PNSC acquires modern and double hull oil tanker

The Pakistan National Shipping Corporation (PNSC) has acquired first modern, double hull oil tanker named "MT Quetta". A statement here on Thursday said that the vessel was handed over in Fujairah on July 10 and after loading crude oil, she will arrive in
Published 11 Jul, 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 Thursday (July 10, 2008).

Published 11 Jul, 2008 12:00am
PNSC acquires modern and double hull oil tanker

PNSC acquires modern and double hull oil tanker

The Pakistan National Shipping Corporation (PNSC) has acquired first modern, double hull oil tanker named "MT Quetta". A statement here on Thursday said that the vessel was handed over in Fujairah on July 10 and after loading crude oil, she will arrive in
Published 11 Jul, 2008 12:00am
Two radioactive material-laden containers being scanned

Two radioactive material-laden containers being scanned

The surrounding area of the OGDCL workshop compound at Korangi in Karachi from where two containers with radioactive material were found is being scanned by the investigating team of the Regional Nuclear Safety Directorate of the Pakistan Nuclear Regulato
Published 11 Jul, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 10, 2008).
Published 11 Jul, 2008 12:00am
Two radioactive material-laden containers being scanned

Two radioactive material-laden containers being scanned

The surrounding area of the OGDCL workshop compound at Korangi in Karachi from where two containers with radioactive material were found is being scanned by the investigating team of the Regional Nuclear Safety Directorate of the Pakistan Nuclear Regulato
Published 11 Jul, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 10, 2008).

Published 11 Jul, 2008 12:00am
Foreign troops not allowed to operate inside Pakistan: UNSC told

Foreign troops not allowed to operate inside Pakistan: UNSC told

Reaffirming Pakistan's commitment to fight terrorism, Foreign Minister Shah Mahmood Qureshi has told the UN Security Council it will not permit its soil to be used against other countries nor allow foreign troops to operate inside the Pakistani territory.
Published 11 Jul, 2008 12:00am
Foreign troops not allowed to operate inside Pakistan: UNSC told

Foreign troops not allowed to operate inside Pakistan: UNSC told

Reaffirming Pakistan's commitment to fight terrorism, Foreign Minister Shah Mahmood Qureshi has told the UN Security Council it will not permit its soil to be used against other countries nor allow foreign troops to operate inside the Pakistani territory.
Published 11 Jul, 2008 12:00am
Textile exporters and industrialists go on strike today

Textile exporters and industrialists go on strike today

Industrialists and textile exporters have announced an indefinite strike and closure of their units, rendering thousands of workers and staff jobless. The action was taken as the government failed to announce an expected Textile Relief Package here Thursd
Published 11 Jul, 2008 12:00am
Textile exporters and industrialists go on strike today

Textile exporters and industrialists go on strike today

Industrialists and textile exporters have announced an indefinite strike and closure of their units, rendering thousands of workers and staff jobless. The action was taken as the government failed to announce an expected Textile Relief Package here Thursd
Published 11 Jul, 2008 12:00am
Textile exporters and industrialists go on strike today

Textile exporters and industrialists go on strike today

Industrialists and textile exporters have announced an indefinite strike and closure of their units, rendering thousands of workers and staff jobless. The action was taken as the government failed to announce an expected Textile Relief Package here Thursd
Published 11 Jul, 2008 12:00am
Aptma defers protest

Aptma defers protest

A meeting of the senior members of All Pakistan Textile Mills Association (Aptma) was held on Thursday at Aptma offices in Karachi, Lahore and Peshawar simultaneously on video conferencing system to discuss the issue of discriminatory rise in gas tariff a
Published 11 Jul, 2008 12:00am
Aptma defers protest

Aptma defers protest

A meeting of the senior members of All Pakistan Textile Mills Association (Aptma) was held on Thursday at Aptma offices in Karachi, Lahore and Peshawar simultaneously on video conferencing system to discuss the issue of discriminatory rise in gas tariff a
Published 11 Jul, 2008 12:00am
Aptma defers protest

Aptma defers protest

A meeting of the senior members of All Pakistan Textile Mills Association (Aptma) was held on Thursday at Aptma offices in Karachi, Lahore and Peshawar simultaneously on video conferencing system to discuss the issue of discriminatory rise in gas tariff a
Published 11 Jul, 2008 12:00am
FBR to conduct mega entities' data analysis

FBR to conduct mega entities' data analysis

The Federal Board of Revenue (FBR) would conduct data analysis of telecommunication, oil and gas and banking sectors to compare their declared profitability with the actual taxes collected from potential sectors during 2007-08.
Published 11 Jul, 2008 12:00am
Another dull session

Another dull session

The Karachi share market saw another dull session on Thursday and market witnessed bearish trend on the information regarding increase in discount rate. The KSE 100 Index remain opened in the red zone with negative 47.65 points. However at closing time it
Published 11 Jul, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (July 10, 2008).

Published 11 Jul, 2008 12:00am
Another dull session

Another dull session

The Karachi share market saw another dull session on Thursday and market witnessed bearish trend on the information regarding increase in discount rate. The KSE 100 Index remain opened in the red zone with negative 47.65 points. However at closing time it
Published 11 Jul, 2008 12:00am
Another dull session

Another dull session

The Karachi share market saw another dull session on Thursday and market witnessed bearish trend on the information regarding increase in discount rate. The KSE 100 Index remain opened in the red zone with negative 47.65 points. However at closing time it
Published 11 Jul, 2008 12:00am
BRIndex30 loses 120.76 points

BRIndex30 loses 120.76 points

On Thursday, the BRIndex30 opened in the negative zone at 12,532.12. It closed at 12,411.36 with a net negative change of -120.76 points and percentage change of -0.96. It experienced intra-day high of 12,532.12 and intra-day low of 12,407.80 with volume
Published 11 Jul, 2008 12:00am
BRIndex30 loses 120.76 points

BRIndex30 loses 120.76 points

On Thursday, the BRIndex30 opened in the negative zone at 12,532.12. It closed at 12,411.36 with a net negative change of -120.76 points and percentage change of -0.96. It experienced intra-day high of 12,532.12 and intra-day low of 12,407.80 with volume
Published 11 Jul, 2008 12:00am
Rs 50 billion EMOF to invest in KSE-30 index scrips

Rs 50 billion EMOF to invest in KSE-30 index scrips

Equity Market Opportunity Fund (EMOF) worth Rs50 billion will invest in KSE-30 index scrips that are eligible for CFS and CFS MK II, for the five trading days in Phase-1, under the management of National Investment Trust Limited (NITL).
Published 11 Jul, 2008 12:00am