AIRLINK 183.86 Increased By ▲ 3.00 (1.66%)
BOP 11.82 Increased By ▲ 0.15 (1.29%)
CNERGY 7.52 Increased By ▲ 0.02 (0.27%)
FCCL 46.38 Increased By ▲ 0.31 (0.67%)
FFL 16.15 Decreased By ▼ -0.11 (-0.68%)
FLYNG 27.78 Increased By ▲ 0.54 (1.98%)
HUBC 135.09 Increased By ▲ 3.02 (2.29%)
HUMNL 13.06 Increased By ▲ 0.04 (0.31%)
KEL 4.62 Increased By ▲ 0.05 (1.09%)
KOSM 6.20 Increased By ▲ 0.10 (1.64%)
MLCF 59.17 No Change ▼ 0.00 (0%)
OGDC 223.06 Increased By ▲ 1.68 (0.76%)
PACE 5.79 Decreased By ▼ -0.08 (-1.36%)
PAEL 44.95 Decreased By ▼ -0.59 (-1.3%)
PIAHCLA 17.66 Decreased By ▼ -0.30 (-1.67%)
PIBTL 10.66 Increased By ▲ 0.48 (4.72%)
POWER 11.73 Decreased By ▼ -0.12 (-1.01%)
PPL 187.05 Increased By ▲ 2.96 (1.61%)
PRL 36.27 Decreased By ▼ -0.27 (-0.74%)
PTC 24.77 Decreased By ▼ -0.19 (-0.76%)
SEARL 100.95 Decreased By ▼ -0.28 (-0.28%)
SILK 1.15 Decreased By ▼ -0.02 (-1.71%)
SSGC 36.96 Decreased By ▼ -0.30 (-0.81%)
SYM 15.69 Increased By ▲ 0.49 (3.22%)
TELE 7.88 Increased By ▲ 0.08 (1.03%)
TPLP 10.83 Increased By ▲ 0.19 (1.79%)
TRG 66.62 Increased By ▲ 6.06 (10.01%)
WAVESAPP 10.82 No Change ▼ 0.00 (0%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
YOUW 3.81 Increased By ▲ 0.10 (2.7%)
BR100 12,458 Increased By 125.9 (1.02%)
BR30 38,307 Increased By 534.6 (1.42%)
KSE100 117,001 Increased By 801.5 (0.69%)
KSE30 36,134 Increased By 227.9 (0.63%)
Mar 18, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-08-27
LG Electronics ends eight-year PC patent row with Quanta

LG Electronics ends eight-year PC patent row with Quanta

South Korea's LG Electronics Inc said on Tuesday it had agreed with Taiwan's Quanta Computer Inc to end eight years of patent fights and began negotiations on royalties Quanta would pay. The agreement came after a US Supreme Court ruling in June in favour
Published 27 Aug, 2008 12:00am
Haddin excited by clash with Bangladesh

Haddin excited by clash with Bangladesh

A short one-day series against Bangladesh in Darwin might not sound tempting for some of Australia's seasoned international cricketers, but wicketkeeper-batsman Brad Haddin can't wait. The three-match series, which was to be a warm-up for the now-postpone
Published 27 Aug, 2008 12:00am
Bangalore ATP event cancelled over security concerns

Bangalore ATP event cancelled over security concerns

The Bangalore Open scheduled from September 29 has been cancelled after organisers raised security concerns, the ATP said. "The ATP board can confirm that it has regrettably accepted a petition from the Bangalore Open to suspend the 2008 event due to the
Published 27 Aug, 2008 12:00am
Bradman's century honoured in Australia

Bradman's century honoured in Australia

Australia will celebrate the centenary of their greatest sporting legend Donald Bradman on Wednesday by naming the star batsman's sleepy boyhood town "the world's spiritual home of cricket". Schoolchildren, cricketers and Australians of all walks of life
Published 27 Aug, 2008 12:00am
Fourth India-Sri Lanka match called off due to rain

Fourth India-Sri Lanka match called off due to rain

The fourth one-day international between India and Sri Lanka at the Premadasa Stadium was called off without a ball being bowled due to rain here on Tuesday. The match will now be played on Wednesday - the reserve day. India lead 2-1 in the five-match ser
Published 27 Aug, 2008 12:00am
Swiss franc drops versus dollar

Swiss franc drops versus dollar

The Swiss franc fell against the dollar on Tuesday as the greenback benefited from worries European economies might run out of steam. Markets will focus on German business sentiment with the Ifo index expected to hit a fresh 3-year low in August.
Published 27 Aug, 2008 12:00am
Asian currencies dip further

Asian currencies dip further

The South Korean won hit a fresh four-year low in weaker Asia on Tuesday as the US dollar rose against the euro due to fears of a euro zone slowdown, while renewed concerns over credit markets stoked risk aversion. The US dollar climbed towards a six-mont
Published 27 Aug, 2008 12:00am
Australian dollar hits seven-month lows

Australian dollar hits seven-month lows

The Australian dollar extended losses to seven-month lows against the US currency on Tuesday as fresh financial sector woes prompted investors to sell riskier assets and high-yielding currencies. The failure of the Columbian Bank and Trust in Kansas, the
Published 27 Aug, 2008 12:00am
US dollar falters versus yen

US dollar falters versus yen

The dollar dropped against the yen on Monday, pressured by sharp losses in the US equities market as nagging credit worries prompted investors to trim risky trades. However, the dollar gained versus the euro and at one point rose to a two-year high agains
Published 27 Aug, 2008 12:00am
Dollar gets lift from credit jitters

Dollar gets lift from credit jitters

The dollar climbed towards a six-month high against the euro on Tuesday before the German Ifo survey of business sentiment, with investors seeking clues on whether the euro zone economy is hurting enough for a cut in interest rates. The US currency jumped
Published 27 Aug, 2008 12:00am
Yuan ends up slightly

Yuan ends up slightly

The yuan rose slightly against the dollar on Thursday after the Chinese central bank set a high mid-point, but the market refrained from pushing the yuan up aggressively because of slides in other Asian currencies. Before trade began, the central bank set
Published 27 Aug, 2008 12:00am
Canadian dollar takes a hit from weak equities

Canadian dollar takes a hit from weak equities

The Canadian dollar slipped against the US dollar in lackluster trading on Monday, as equity markets tumbled on credit market fears, lessening the appeal of North American assets and the demand for Canadian dollars to buy them. The Canadian dollar closed
Published 27 Aug, 2008 12:00am
Financial worries drive US stocks down two percent

Financial worries drive US stocks down two percent

US stocks fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies. The three major indexes fell about 2 percent each, wiping out gains booked on Friday, though traders sai
Published 27 Aug, 2008 12:00am
Thai shares sag 1.37 percent

Thai shares sag 1.37 percent

Thai share prices closed 1.37 percent lower on Tuesday amid political uncertainty as anti-government protesters staged mass rallies around Bangkok's key state buildings, dealers said. They said the market also suffered from falls in the US market. The Sto
Published 27 Aug, 2008 12:00am
Jakarta shares plunge

Jakarta shares plunge

Indonesian shares closed 0.9 percent lower on Tuesday, hurt by falls across Asian markets after US stocks finished lower overnight, dealers said. The Jakarta Composite Index fell 19.68 points to 2,107,55 on volume of 3.25 million shares valued at 1.43 tri
Published 27 Aug, 2008 12:00am
China stocks end off 2.6 percent

China stocks end off 2.6 percent

China's stock market fell sharply on Tuesday because of slowing corporate profit growth and weak overseas markets. The Shanghai Composite Index closed down 2.62 percent at 2,350.084 points. That was off an intra-day low of 2,327.220 points, but not far fr
Published 27 Aug, 2008 12:00am
Singapore shares decline

Singapore shares decline

Singapore share prices closed 0.96 percent lower on Tuesday with investor sentiment still weak because of global economic jitters, dealers said. The blue chip Straits Times Index fell 26.26 points to 2,707.19. Volume totalled 855 million shares worth 962
Published 27 Aug, 2008 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 0.6 percent lower on Tuesday as investors took to the sidelines ahead of the release of economic growth data for the three months to June, dealers said. The composite index shed 15.53 points to 2,637.65. The all-share index
Published 27 Aug, 2008 12:00am
Seoul shares led lower by technologies

Seoul shares led lower by technologies

Seoul shares closed lower on Tuesday, led by technology issues such as Samsung Electronics, but carmakers and defensive stocks in the telecommunications sector rose. The Korea Composite Stock Price Index closed down 0.79 percent at 1,490.25 points, after
Published 27 Aug, 2008 12:00am
US Treasury prices finish firmer

US Treasury prices finish firmer

US Treasury debt prices rose strongly on Monday, pushing yields to three-month lows as credit jitters and a severe stock market tumble sent investors rushing to the safe haven of the bond market. The benchmark 10-year Treasury note yield fell as low as 3.
Published 27 Aug, 2008 12:00am
US Treasury prices finish firmer

US Treasury prices finish firmer

US Treasury debt prices rose strongly on Monday, pushing yields to three-month lows as credit jitters and a severe stock market tumble sent investors rushing to the safe haven of the bond market. The benchmark 10-year Treasury note yield fell as low as 3.
Published 27 Aug, 2008 12:00am
Tokyo stocks tumble

Tokyo stocks tumble

Japan's Nikkei stock average slipped 0.8 percent on Tuesday, dragged lower by Canon Inc and other exporters amid growing worry about a spreading credit crisis and gloom over the global economy. Mitsubishi UFJ Financial Group and other banks slipped after
Published 27 Aug, 2008 12:00am
Hong Kong shares close off lows

Hong Kong shares close off lows

Hong Kong shares closed 0.2 percent lower but well off their early lows on Tuesday, as investors bought select stocks including top insurer China Life and rival Ping An, in a late afternoon rally. "We saw some genuine bargain hunting at the lower levels t
Published 27 Aug, 2008 12:00am
Taiwan stocks fall on Wall Street

Taiwan stocks fall on Wall Street

Taiwan stocks fell 0.94 percent on Tuesday, as big tech exporters such as TSMC tracked Wall Street losses and after the island's July export orders showed the slowest growth in more than five years. The main TAIEX share index closed down 66.12 points at 6
Published 27 Aug, 2008 12:00am
China's Haier eyes organic growth

China's Haier eyes organic growth

Haier Group, China's largest home appliance maker, said on Monday that it preferred organic growth to continue its rapid overseas expansion, but would consider an acquisition if the right opportunity arose. Haier had looked into the possibility of buying
Published 27 Aug, 2008 12:00am
China's Haier eyes organic growth

China's Haier eyes organic growth

Haier Group, China's largest home appliance maker, said on Monday that it preferred organic growth to continue its rapid overseas expansion, but would consider an acquisition if the right opportunity arose. Haier had looked into the possibility of buying
Published 27 Aug, 2008 12:00am
Malaysia's KLK to boost oil palm planting

Malaysia's KLK to boost oil palm planting

Kuala Lumpur Kepong Bhd, Malaysia's third-largest listed planter, plans to grow oil palm at 10,000 hectares every year, mostly in Indonesia, to meet global demand for the vegetable oil, a top official said. Many Malaysian plantation firms venturing into t
Published 27 Aug, 2008 12:00am
Kerry earnings rise, withstands weaker economy

Kerry earnings rise, withstands weaker economy

Irish food company Kerry Group Plc said earnings rose in the first half of the year as it passed on sharp rises in food commodity costs and withstood the impact of weaker UK and Irish economies and sterling. Kerry, whose brands include Wall's sausages, Ho
Published 27 Aug, 2008 12:00am
Kerry earnings rise, withstands weaker economy

Kerry earnings rise, withstands weaker economy

Irish food company Kerry Group Plc said earnings rose in the first half of the year as it passed on sharp rises in food commodity costs and withstood the impact of weaker UK and Irish economies and sterling. Kerry, whose brands include Wall's sausages, Ho
Published 27 Aug, 2008 12:00am
UK builder Bovis first half profits slump, dividend cut

UK builder Bovis first half profits slump, dividend cut

British housebuilder Bovis Homes reported a slump in first-half profit and slashed its interim dividend on Tuesday following "the toughest period of trading it has experienced in its life as a public company". Bovis reported an adjusted pretax profit of 1
Published 27 Aug, 2008 12:00am
UK builder Bovis first half profits slump, dividend cut

UK builder Bovis first half profits slump, dividend cut

British housebuilder Bovis Homes reported a slump in first-half profit and slashed its interim dividend on Tuesday following "the toughest period of trading it has experienced in its life as a public company". Bovis reported an adjusted pretax profit of 1
Published 27 Aug, 2008 12:00am
Actelion chief executive says new use may double Tracleer sales

Actelion chief executive says new use may double Tracleer sales

Approval of Actelion Ltd's Tracleer for use in a fatal lung disease could double sales of its biggest drug, the biotech company's chief executive told Reuters. Actelion, fresh from signing the largest-ever biotech-pharma licensing deal with GlaxoSmithKlin
Published 27 Aug, 2008 12:00am
Actelion chief executive says new use may double Tracleer sales

Actelion chief executive says new use may double Tracleer sales

Approval of Actelion Ltd's Tracleer for use in a fatal lung disease could double sales of its biggest drug, the biotech company's chief executive told Reuters. Actelion, fresh from signing the largest-ever biotech-pharma licensing deal with GlaxoSmithKlin
Published 27 Aug, 2008 12:00am
Singapore's Temasek doubles profit, fears contagion

Singapore's Temasek doubles profit, fears contagion

Singapore wealth fund Temasek warned of further contagion from the global credit crisis after it doubled its full-year profit by selling billions of dollars of assets. The fund, which poured more than $5 billion into Merrill Lynch in December, said it saw
Published 27 Aug, 2008 12:00am
Singapore's Temasek doubles profit, fears contagion

Singapore's Temasek doubles profit, fears contagion

Singapore wealth fund Temasek warned of further contagion from the global credit crisis after it doubled its full-year profit by selling billions of dollars of assets. The fund, which poured more than $5 billion into Merrill Lynch in December, said it saw
Published 27 Aug, 2008 12:00am
Chocolate maker Lindt first half profit up, confirms targets

Chocolate maker Lindt first half profit up, confirms targets

Consumers' taste for premium chocolate helped Switzerland's Lindt & Spruengli offset headwinds from spiralling raw material prices and an economic slowdown and will keep the group on track to meet its goals.
Published 27 Aug, 2008 12:00am
Chocolate maker Lindt first half profit up, confirms targets

Chocolate maker Lindt first half profit up, confirms targets

Consumers' taste for premium chocolate helped Switzerland's Lindt & Spruengli offset headwinds from spiralling raw material prices and an economic slowdown and will keep the group on track to meet its goals.
Published 27 Aug, 2008 12:00am
Australia's Foster's second-half profit falls

Australia's Foster's second-half profit falls

Foster's Group Ltd, Australia's largest brewer, posted a 9.4 percent drop in second-half profit on Tuesday, pressured by sliding sales at its Californian wine business and a strong Australian dollar. In June, Foster's cut its profit outlook as it began a
Published 27 Aug, 2008 12:00am
Australia's Foster's second-half profit falls

Australia's Foster's second-half profit falls

Foster's Group Ltd, Australia's largest brewer, posted a 9.4 percent drop in second-half profit on Tuesday, pressured by sliding sales at its Californian wine business and a strong Australian dollar. In June, Foster's cut its profit outlook as it began a
Published 27 Aug, 2008 12:00am
Bleaker UK growth outlook favours Gilts versus Bunds

Bleaker UK growth outlook favours Gilts versus Bunds

A British economy set for a more torrid time than the euro zone's looks likely to lead government bond investors to favour gilts against Bunds and squeeze their yields closer to parity in the coming year.
Published 27 Aug, 2008 12:00am
Bleaker UK growth outlook favours Gilts versus Bunds

Bleaker UK growth outlook favours Gilts versus Bunds

A British economy set for a more torrid time than the euro zone's looks likely to lead government bond investors to favour gilts against Bunds and squeeze their yields closer to parity in the coming year.
Published 27 Aug, 2008 12:00am
Indonesia sells first Islamic bond in watershed offer

Indonesia sells first Islamic bond in watershed offer

Indonesia's first Islamic bond sale fell short of targets due to economic headwinds but market players welcomed the foray of the world's populous Muslim nation into one of the hottest financial markets.
Published 27 Aug, 2008 12:00am
SNGPL suspends gas supply to three Pepco units

SNGPL suspends gas supply to three Pepco units

Sui Northern Gas Pipeline Limited (SNGPL) has suspended supply of gas to 3 power houses of Pakistan Electric Supply Company (pepco) included Muzaffargarh Powerhouse, Kot Addu Power Company (KAPCO) and Faisalabad Gas Turbine Power Station. Domestic and com
Published 27 Aug, 2008 12:00am
Indonesia sells first Islamic bond in watershed offer

Indonesia sells first Islamic bond in watershed offer

Indonesia's first Islamic bond sale fell short of targets due to economic headwinds but market players welcomed the foray of the world's populous Muslim nation into one of the hottest financial markets.
Published 27 Aug, 2008 12:00am
SNGPL suspends gas supply to three Pepco units

SNGPL suspends gas supply to three Pepco units

Sui Northern Gas Pipeline Limited (SNGPL) has suspended supply of gas to 3 power houses of Pakistan Electric Supply Company (pepco) included Muzaffargarh Powerhouse, Kot Addu Power Company (KAPCO) and Faisalabad Gas Turbine Power Station. Domestic and com
Published 27 Aug, 2008 12:00am
China committed to reform, openness: Hu

China committed to reform, openness: Hu

China will remain committed to the economic reform and openness it adopted three decades ago, President Hu Jintao pledged Tuesday. Hu, in a speech to business groups on the second day of his visit to South Korea, noted that this year is the 30th anniversa
Published 27 Aug, 2008 12:00am
SNGPL suspends gas supply to three Pepco units

SNGPL suspends gas supply to three Pepco units

Sui Northern Gas Pipeline Limited (SNGPL) has suspended supply of gas to 3 power houses of Pakistan Electric Supply Company (pepco) included Muzaffargarh Powerhouse, Kot Addu Power Company (KAPCO) and Faisalabad Gas Turbine Power Station. Domestic and com
Published 27 Aug, 2008 12:00am
Credit Suisse buys controlling stake in US asset manager AMF

Credit Suisse buys controlling stake in US asset manager AMF

Credit Suisse said Tuesday it has bought an 80 percent stake in New York-based asset manager AMF for 384 million Swiss francs (237 million euros, 348 million dollars) in new stock. The bank said it has acquired Asset Management Finance Corporation (AMF) f
Published 27 Aug, 2008 12:00am
Naeemuddin Khan new BoP president

Naeemuddin Khan new BoP president

The Punjab government appointed Naeemuddin Khan as a new president of the Bank of Punjab (BoP) here on Tuesday. According to sources, a notification in this connection has been issued and he has replaced bank's acting president Sajid Hussein.
Published 27 Aug, 2008 12:00am
Credit Suisse buys controlling stake in US asset manager AMF

Credit Suisse buys controlling stake in US asset manager AMF

Credit Suisse said Tuesday it has bought an 80 percent stake in New York-based asset manager AMF for 384 million Swiss francs (237 million euros, 348 million dollars) in new stock. The bank said it has acquired Asset Management Finance Corporation (AMF) f
Published 27 Aug, 2008 12:00am
Naeemuddin Khan new BoP president

Naeemuddin Khan new BoP president

The Punjab government appointed Naeemuddin Khan as a new president of the Bank of Punjab (BoP) here on Tuesday. According to sources, a notification in this connection has been issued and he has replaced bank's acting president Sajid Hussein.
Published 27 Aug, 2008 12:00am
Saudi Arabia set no limits on foreign stock ownership

Saudi Arabia set no limits on foreign stock ownership

Saudi Arabia has set no limit on the number of shares which non-resident investors can own in listed firms under groundbreaking new guidelines it issued last week that opened the door to foreign buyers.
Published 27 Aug, 2008 12:00am
Naeemuddin Khan new BoP president

Naeemuddin Khan new BoP president

The Punjab government appointed Naeemuddin Khan as a new president of the Bank of Punjab (BoP) here on Tuesday. According to sources, a notification in this connection has been issued and he has replaced bank''s acting president Sajid Hussein.
Published 27 Aug, 2008 12:00am
Asean meet, Singapore Prime Minister warns on protectionism

Asean meet, Singapore Prime Minister warns on protectionism

Singapore Prime Minister Lee Hsien Loong on Tuesday warned against "backsliding" toward protectionism as Southeast Asian economic ministers launched a week of talks to strengthen regional trade links. Speaking at the opening ceremony of the annual meeting
Published 27 Aug, 2008 12:00am
US confidence bounces; glimmer of hope in housing

US confidence bounces; glimmer of hope in housing

US consumer confidence recovered more than expected in August as worries over inflation eased, while financial markets combed through a slew of housing data for reasons to hope the worst is over for the moribund sector. Sales of newly constructed US singl
Published 27 Aug, 2008 12:00am
UK new home loans languish near record low in July

UK new home loans languish near record low in July

British approvals for new home loans fell 65 percent on a year ago in July to hold near a record low and the British Bankers' Association said on Tuesday it was not expecting a housing market recovery soon. The survey added to evidence pointing to a sharp
Published 27 Aug, 2008 12:00am
EU population growth set to halt over next half century

EU population growth set to halt over next half century

Population growth in European Union nations will grind to a halt over the next 50 years, with the number of retired people set to almost double and weigh on the economy, data released Tuesday showed. The decline, which will begin in earnest in 2015, would
Published 27 Aug, 2008 12:00am
KESC rates to be determined by Nepra

KESC rates to be determined by Nepra

The Economic Co-ordination Committee (ECC) of the Cabinet, which met with Finance Minister Naveed Qamar in the chair on Tuesday, removed 5 percent cap for tariff and approved a status of a distribution company for Karachi Electric Supply Company (KESC). I
Published 27 Aug, 2008 12:00am
German business morale dives, recession risk grows

German business morale dives, recession risk grows

German business and consumer morale hit multi-year lows as confirmation came on Tuesday that Europe's biggest economy shrank in the second quarter, raising the risk that the country could fall into recession. The Munich-based Ifo think tank said its key b
Published 27 Aug, 2008 12:00am
KESC rates to be determined by Nepra

KESC rates to be determined by Nepra

The Economic Co-ordination Committee (ECC) of the Cabinet, which met with Finance Minister Naveed Qamar in the chair on Tuesday, removed 5 percent cap for tariff and approved a status of a distribution company for Karachi Electric Supply Company (KESC). I
Published 27 Aug, 2008 12:00am
Russia tension affecting investor sentiment: Fitch

Russia tension affecting investor sentiment: Fitch

Rising tension with the West could damage foreign investor sentiment towards Russia, ratings agency Fitch said on Tuesday, although it does not immediately threaten Russia's sovereign rating. But Fitch head of emerging European sovereigns Edward Parker to
Published 27 Aug, 2008 12:00am
KESC rates to be determined by Nepra

KESC rates to be determined by Nepra

The Economic Co-ordination Committee (ECC) of the Cabinet, which met with Finance Minister Naveed Qamar in the chair on Tuesday, removed 5 percent cap for tariff and approved a status of a distribution company for Karachi Electric Supply Company (KESC). I
Published 27 Aug, 2008 12:00am
EU urges Russia to step up WTO accession efforts

EU urges Russia to step up WTO accession efforts

The European Commission urged Russia on Tuesday to step up efforts to join the WTO after Moscow announced plans to back out of trade commitments during the long running negotiations. "As the only major economy outside the WTO, it should hasten its efforts
Published 27 Aug, 2008 12:00am
Government reconstitutes seventh NFC

Government reconstitutes seventh NFC

The government has re-constituted ten-member National Finance Commission (NFC) for the award of distribution of resources from the federal divisible pool. Minister for Finance, Revenues and Economic Affairs Syed Naveed Qamar will head the commission.
Published 27 Aug, 2008 12:00am
Reliance aims to transfer 80 percent stake in block

Reliance aims to transfer 80 percent stake in block

India's Reliance Industries Ltd said on Tuesday it wanted to transfer an 80 percent stake in a gas-rich deepwater block to four fully-owned subsidiaries. Reliance owns 90 percent of the D-6 block in the Krishna Godavari basin off India's east coast, where
Published 27 Aug, 2008 12:00am
Swiss close case against Zardari; $60 million unfrozen

Swiss close case against Zardari; $60 million unfrozen

Swiss judicial authorities said on Tuesday they had closed a money-laundering case against Pakistani presidential candidate Asif Ali Zardari and released $60 million frozen in Swiss accounts over the past decade.
Published 27 Aug, 2008 12:00am
Minor changes in modest trading on grain market

Minor changes in modest trading on grain market

Not much activity was seen on the gain market on Tuesday as most of the commodity items retained the overnight levels in process of trading, dealers said.
Published 27 Aug, 2008 12:00am
Presidential election: 34 file nomination papers

Presidential election: 34 file nomination papers

The nomination papers of Pakistan People's Party Co-Chairman Asif Ali Zardari, Pakistan Muslim League-N candidate Chief Justice Saeed-uz-Zaman Siddiqui (Retd), Pakistan Muslim League-Q Secretary General Mushahid Hussain Syed and 31 other candidates for Pr
Published 27 Aug, 2008 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

The average price of Bangladesh teas rose 1.87 percent to 121.73 taka ($1.78) per kg on higher demand at the weekly auction on Tuesday, brokers said. Nearly 1.4 million kg were sold at 121.73 taka per kg on average, up 2.23 taka from the last sale. The wi
Published 27 Aug, 2008 12:00am
Presidential election: 34 file nomination papers

Presidential election: 34 file nomination papers

The nomination papers of Pakistan People's Party Co-Chairman Asif Ali Zardari, Pakistan Muslim League-N candidate Chief Justice Saeed-uz-Zaman Siddiqui (Retd), Pakistan Muslim League-Q Secretary General Mushahid Hussain Syed and 31 other candidates for Pr
Published 27 Aug, 2008 12:00am
Spot rate lowered by Rs 75 amid hectic business on cotton market

Spot rate lowered by Rs 75 amid hectic business on cotton market

Brisk trading was seen on the cotton market on Tuesday as most of the ginners tried to dispose off the unsold stock ahead of the fresh phutti arrivals, dealers said. The official spot was down by Rs 75 to Rs 4050, they said.
Published 27 Aug, 2008 12:00am
EMC to consider 'textile support package' on August 28

EMC to consider 'textile support package' on August 28

The Economy Monitoring Committee (EMC) is to consider the much-talked about textile sector support package in its meeting on Thursday, official sources told Business Recorder. The issue was placed before the Economic Co-ordination Committee (ECC) o
Published 27 Aug, 2008 12:00am
Oil World sees large rise in Argentine soya crop

Oil World sees large rise in Argentine soya crop

Argentina is likely to harvest 50.50 million tonnes of soyabeans in early 2009, up from 47.50 million tonnes in early 2008, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. "In Argentina, soyabeans are likely to be the winners in plantings f
Published 27 Aug, 2008 12:00am
EMC to consider 'textile support package' on August 28

EMC to consider 'textile support package' on August 28

The Economy Monitoring Committee (EMC) is to consider the much-talked about textile sector support package in its meeting on Thursday, official sources told Business Recorder. The issue was placed before the Economic Co-ordination Committee (ECC) o
Published 27 Aug, 2008 12:00am
Latin American palm oil output rising

Latin American palm oil output rising

Central and South American palm oil production is rising rapidly but high domestic consumption is curbing exports, Hamburg-based oilseeds analysts Oil World said on Tuesday. It forecast the six main central and South American producing countries would rai
Published 27 Aug, 2008 12:00am
EMC to consider ''textile support package'' on August 28

EMC to consider ''textile support package'' on August 28

The Economy Monitoring Committee (EMC) is to consider the much-talked about textile sector support package in its meeting on Thursday, official sources told Business Recorder. The issue was placed before the Economic Co-ordination Committee (ECC) o
Published 27 Aug, 2008 12:00am
US corn futures down

US corn futures down

Corn futures on the Chicago Board of Trade closed lower on Monday, following a sharp drop in wheat and some midday outlooks for improved rainfall in the US Midwest, traders said. CBOT corn closed 6-1/2 cents per bushel lower to 1 cent higher, with Septemb
Published 27 Aug, 2008 12:00am
US wheat falls

US wheat falls

US wheat futures on the Chicago Board of Trade fell nearly 3 percent on Monday, pressured by rising world wheat supplies and a lack of fresh US export demand, traders said. CBOT wheat opened higher, following corn and soybeans, but quickly retreated on a
Published 27 Aug, 2008 12:00am
KCBT wheat futures lower

KCBT wheat futures lower

Hard red winter wheat futures on the Kansas City Board of Trade ended lower Monday as profit-taking and improving global crop outlooks left wheat divorced from gains in soybeans, traders said. The September wheat contract ended down 22-1/4 cents at $8.77-
Published 27 Aug, 2008 12:00am
Canadian canola drops

Canadian canola drops

Canadian canola futures were mainly lower on Monday as technical weakness prompted fund selling and as commercials sold ahead of what is expected to be a large canola harvest, traders said. ICE canola futures ended $4.40 per tonne lower to $4.90 higher, w
Published 27 Aug, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 66,858 tonnes of cargo including 54,688 tonnes of import, 12,170 tonnes of export cargo and 1,767 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday. The freights comprised of 51,588 tonnes of
Published 27 Aug, 2008 12:00am
Kenyan coffee prices rise

Kenyan coffee prices rise

Kenyan coffee prices were firmer at Tuesday's auction compared to the previous week, due to the better quality of the crop on offer, market participants said. The average price rose to $182.55 per 50 kg bag from $181.28, during the previous sale held two
Published 27 Aug, 2008 12:00am
Taiwan talks to Merrill over graft probe

Taiwan talks to Merrill over graft probe

Taiwan prosecutors said on Tuesday Merrill Lynch would cooperate in the investigation into the possible money laundering by family members of ex-President Chen Shui-bian. Family members of Chen, who was in office from 2000 to May 2008, were suspected of g
Published 27 Aug, 2008 12:00am
DAP offtake down 77 percent in Kharif

DAP offtake down 77 percent in Kharif

Dai ammonia phosphate (DAP) and urea offtake witnessed a decline of 77 percent and 3 percent, respectively, during the Kharif 2008 due to extremely high prices of DAP and shortage of urea in local market. Analysts said that low offtake of DAP could be att
Published 27 Aug, 2008 12:00am
Japan economy package stuck on income tax cut rift

Japan economy package stuck on income tax cut rift

A political row over a temporary income tax cut emerged on Tuesday as a stumbling block to an economic package that Japan's coalition government is compiling to help people and firms cope with high energy and food prices.
Published 27 Aug, 2008 12:00am
DAP offtake down 77 percent in Kharif

DAP offtake down 77 percent in Kharif

Dai ammonia phosphate (DAP) and urea offtake witnessed a decline of 77 percent and 3 percent, respectively, during the Kharif 2008 due to extremely high prices of DAP and shortage of urea in local market. Analysts said that low offtake of DAP could be att
Published 27 Aug, 2008 12:00am
Japan economy package stuck on income tax cut rift

Japan economy package stuck on income tax cut rift

A political row over a temporary income tax cut emerged on Tuesday as a stumbling block to an economic package that Japan's coalition government is compiling to help people and firms cope with high energy and food prices.
Published 27 Aug, 2008 12:00am
DAP offtake down 77 percent in Kharif

DAP offtake down 77 percent in Kharif

Dai ammonia phosphate (DAP) and urea offtake witnessed a decline of 77 percent and 3 percent, respectively, during the Kharif 2008 due to extremely high prices of DAP and shortage of urea in local market. Analysts said that low offtake of DAP could be att
Published 27 Aug, 2008 12:00am
Pakistan now Asia''s second worst performing market: research report

Pakistan now Asia''s second worst performing market: research report

Pakistan has become the second worst performing market in Asia, as after posting average annual gains of 28 percent during the last 10 years, it is down by 45 percent in US dollar terms in the current year from January 01, 2008 to date, analysts said.
Published 27 Aug, 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 Tuesday (August 26, 2008).

Published 27 Aug, 2008 12:00am
Pakistan now Asia's second worst performing market: research report

Pakistan now Asia's second worst performing market: research report

Pakistan has become the second worst performing market in Asia, as after posting average annual gains of 28 percent during the last 10 years, it is down by 45 percent in US dollar terms in the current year from January 01, 2008 to date, analysts said.
Published 27 Aug, 2008 12:00am
Previous Day