News Archives for Print - 2008-08-29

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

Storm Gustav jogs south, new depression in Atlantic

A strengthening Tropical Storm Gustav jogged to the south on Thursday and was likely to graze southern Jamaica and the western tip of Cuba before nearing the oil fields of the Gulf of Mexico as a powerful hurricane. The eventual US landfall of the seventh

Published 29 Aug, 2008 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

ISE index gains 9.73 points

Equities partially recovered at the Islamabad Stock Exchange (ISE) where major players and small investors adopted cautious approach to avoid heavy losses amid increase in index. ISE-10 Index showed an improvement of 9.73 points as it moved from 2,087.65

Published 29 Aug, 2008 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

ISE index gains 9.73 points

Equities partially recovered at the Islamabad Stock Exchange (ISE) where major players and small investors adopted cautious approach to avoid heavy losses amid increase in index. ISE-10 Index showed an improvement of 9.73 points as it moved from 2,087.65

Published 29 Aug, 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 Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

Bullish trend on LSE

The Lahore stock showed recovery on Thursday amid descending transaction volume following a decision taken by the Karachi Stock Exchange Board of Directors to cap the market at August 27 level with a view to restricting persistent downfall.

Published 29 Aug, 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 Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

Bullish trend on LSE

The Lahore stock showed recovery on Thursday amid descending transaction volume following a decision taken by the Karachi Stock Exchange Board of Directors to cap the market at August 27 level with a view to restricting persistent downfall.

Published 29 Aug, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

BRIndex30 up 52.99 points

On Thursday, BRIndex30 opened in the positive zone at 9,163.73. It closed at 9,216.72 with a net positive change of 52.99 points or 0.58 percent. It registered intra-day high of 9,363.16 and intra-day low of 9,066.92. The volume of BRIndex30 was 34,057,00

Published 29 Aug, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

BRIndex30 up 52.99 points

On Thursday, BRIndex30 opened in the positive zone at 9,163.73. It closed at 9,216.72 with a net positive change of 52.99 points or 0.58 percent. It registered intra-day high of 9,363.16 and intra-day low of 9,066.92. The volume of BRIndex30 was 34,057,00

Published 29 Aug, 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 Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

A lacklustre session

The Karachi share market witnessed a lacklustre session on the first day under the shadow of new freezing at August 27 closing prices with thin volumes and the KSE-100 index registered a ''forced'' rally of 58.85 points to close at 9,203.78 points level,

Published 29 Aug, 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 Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

A lacklustre session

The Karachi share market witnessed a lacklustre session on the first day under the shadow of new freezing at August 27 closing prices with thin volumes and the KSE-100 index registered a 'forced' rally of 58.85 points to close at 9,203.78 points level, an

Published 29 Aug, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

A lacklustre session

The Karachi share market witnessed a lacklustre session on the first day under the shadow of new freezing at August 27 closing prices with thin volumes and the KSE-100 index registered a 'forced' rally of 58.85 points to close at 9,203.78 points level, an

Published 29 Aug, 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 29 Aug, 2008 12:00am

50 percent market capitalisation wiped out

The Karachi share market has lost half of its value during recent downfall in just four months as local bourse''s capitalisation is down to $37.6 billion from a recent peak of $75.3 billion. In last four months, the benchmark KSE Index is down 42 percent

Published 29 Aug, 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 29 Aug, 2008 12:00am

50 percent market capitalisation wiped out

The Karachi share market has lost half of its value during recent downfall in just four months as local bourse's capitalisation is down to $37.6 billion from a recent peak of $75.3 billion. In last four months, the benchmark KSE Index is down 42 percent (

Published 29 Aug, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (August 28, 2008).

Published 29 Aug, 2008 12:00am

50 percent market capitalisation wiped out

The Karachi share market has lost half of its value during recent downfall in just four months as local bourse's capitalisation is down to $37.6 billion from a recent peak of $75.3 billion. In last four months, the benchmark KSE Index is down 42 percent (

Published 29 Aug, 2008 12:00am

New York cotton

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

Published 29 Aug, 2008 12:00am

Additional actions needed to safeguard Pakistan''s economy: World Bank

The newly-appointed World Bank Vice President South Asia Region, Isabel Guerrero, on her first visit to Pakistan after taking over from Praful Patel, who has retired, called on Prime Minister Yousuf Raza Gilani, Finance Minister Naveed Qamar, State Bank G

Published 29 Aug, 2008 12:00am

New York cotton

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

Published 29 Aug, 2008 12:00am

Additional actions needed to safeguard Pakistan's economy: World Bank

The newly-appointed World Bank Vice President South Asia Region, Isabel Guerrero, on her first visit to Pakistan after taking over from Praful Patel, who has retired, called on Prime Minister Yousuf Raza Gilani, Finance Minister Naveed Qamar, State Bank G

Published 29 Aug, 2008 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 29 Aug, 2008 12:00am

Additional actions needed to safeguard Pakistan's economy: World Bank

The newly-appointed World Bank Vice President South Asia Region, Isabel Guerrero, on her first visit to Pakistan after taking over from Praful Patel, who has retired, called on Prime Minister Yousuf Raza Gilani, Finance Minister Naveed Qamar, State Bank G

Published 29 Aug, 2008 12:00am

Philippines July coconut oil exports down

Philippines coconut oil exports dropped 14.4 percent in July from a year earlier, after rising in the previous month, preliminary data from the United Coconut Associations of the Philippines Inc (UCAP) showed on Thursday. But total shipments for the seven

Published 29 Aug, 2008 12:00am

Inquiry against cement-makers shelved

The Ministry of Industries and Production has shelved an inquiry against cement manufacturers with the argument that prevalent cement prices are justified, well-placed sources told Business Recorder here on Thursday. Earlier, the ministry had confi

Published 29 Aug, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 140,998 tonnes of cargo including 88,318 tonnes of import, 52,680 tonnes of export cargo and 4,176 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.

Published 29 Aug, 2008 12:00am

Inquiry against cement-makers shelved

The Ministry of Industries and Production has shelved an inquiry against cement manufacturers with the argument that prevalent cement prices are justified, well-placed sources told Business Recorder here on Thursday. Earlier, the ministry had confi

Published 29 Aug, 2008 12:00am

Canadian canola futures strengthen

Canadian canola futures strengthened on Wednesday as sellers backed away on ideas recent losses were overdone, traders said. "We were overpriced all day" relative to the US soy complex, a canola trader said. "Canola would not break." ICE canola futures en

Published 29 Aug, 2008 12:00am

Inquiry against cement-makers shelved

The Ministry of Industries and Production has shelved an inquiry against cement manufacturers with the argument that prevalent cement prices are justified, well-placed sources told Business Recorder here on Thursday. Earlier, the ministry had confi

Published 29 Aug, 2008 12:00am

Tea prices higher on Jodia Bazaar

The trading in tea items ended higher on Jodia Bazaar here on Thursday. The following changes were noted.

Published 29 Aug, 2008 12:00am

FED on franchise fee: SHC wants Karachi LTU to explain legal position

Sindh High Court (SHC) has directed the Large Taxpayer Unit (LTU), Karachi, to explain legal position of past recovery of the Federal Excise Duty (FED) on franchise fee, paid by the franchisee during the last two years without issuance of an adjudication

Published 29 Aug, 2008 12:00am

Prices almost stay put on grain market

A few changes were seen on the grain market on Thursday as main buyers were on the sidelines in anticipation of slide in the prices after the government claim that it is taking measures to halt artificial increase, dealers said.

Published 29 Aug, 2008 12:00am

FED on franchise fee: SHC wants Karachi LTU to explain legal position

Sindh High Court (SHC) has directed the Large Taxpayer Unit (LTU), Karachi, to explain legal position of past recovery of the Federal Excise Duty (FED) on franchise fee, paid by the franchisee during the last two years without issuance of an adjudication

Published 29 Aug, 2008 12:00am

US wheat futures close lower

US wheat futures closed lower on Wednesday as word of much-needed rains in Australia and Argentina added to expectations of a bumper world wheat crop, traders said. Weak cash markets add pressure as producers and country elevators in US Midwest work to mo

Published 29 Aug, 2008 12:00am

FED on franchise fee: SHC wants Karachi LTU to explain legal position

Sindh High Court (SHC) has directed the Large Taxpayer Unit (LTU), Karachi, to explain legal position of past recovery of the Federal Excise Duty (FED) on franchise fee, paid by the franchisee during the last two years without issuance of an adjudication

Published 29 Aug, 2008 12:00am

China corn basket Jilin to increase grains output

China will spend 26 billion yuan ($3.81 billion) over the next five years to boost grain output in Jilin, its largest corn producing province, by 20 percent to help meet rising demand, the governor of Jilin said on Thursday. The north-eastern province aim

Published 29 Aug, 2008 12:00am

SNGPL restores partial gas supply to IPPs and Pepco

Sui Northern Gas Pipeline Limited (SNGPL) has partly restored the gas supply to the affected power plants of IPP and Pakistan Electric Power Company (Pepco) resulting in re-induction of 700 MW of electricity to the National Grid by Friday afternoon.

Published 29 Aug, 2008 12:00am

Spot rate raised further amid persistent demand

Improved activity was seen on the cotton market on Thursday despite rise in the prices, dealers said. The official spot was increased by Rs 50 to Rs 4125 due to higher lint demand by the mills and exporters, they said. The prices of phutti were at Rs 1800

Published 29 Aug, 2008 12:00am

Banks giving depositors a raw deal: Mufap complains to SBP

Mutual Fund Association of Pakistan (Mufap) has alleged that some banks are using a flawed formula for profit rate, which does not reflect the true picture of returns earned by the depositors. Mufap has recently launched a written complaint against banks

Published 29 Aug, 2008 12:00am

KCBT wheat futures lower

Hard red winter wheat futures on the Kansas City Board of Trade settled nearly 3 percent lower on Wednesday, extending losses amid improved weather for Australian and Argentine wheat-growing areas. The KCBT September wheat contract closed down 25-3/4 cent

Published 29 Aug, 2008 12:00am

Banks giving depositors a raw deal: Mufap complains to SBP

Mutual Fund Association of Pakistan (Mufap) has alleged that some banks are using a flawed formula for profit rate, which does not reflect the true picture of returns earned by the depositors. Mufap has recently launched a written complaint against banks

Published 29 Aug, 2008 12:00am

Improvement reported in cotton crop prospects

According to circles close to the Karachi Cotton Association (KCA), chances of reaping a wholesome cotton crop (2008-2009) have become very promising so that output during the current season may be as high as 13 million or even 14 million domestic size ba

Published 29 Aug, 2008 12:00am

Banks giving depositors a raw deal: Mufap complains to SBP

Mutual Fund Association of Pakistan (Mufap) has alleged that some banks are using a flawed formula for profit rate, which does not reflect the true picture of returns earned by the depositors. Mufap has recently launched a written complaint against banks

Published 29 Aug, 2008 12:00am

Improvement reported in cotton crop prospects

According to circles close to the Karachi Cotton Association (KCA), chances of reaping a wholesome cotton crop (2008-2009) have become very promising so that output during the current season may be as high as 13 million or even 14 million domestic size ba

Published 29 Aug, 2008 12:00am

Banks giving depositors a raw deal: Mufap complains to SBP

Mutual Fund Association of Pakistan (Mufap) has alleged that some banks are using a flawed formula for profit rate, which does not reflect the true picture of returns earned by the depositors. Mufap has recently launched a written complaint against banks

Published 29 Aug, 2008 12:00am

US rice down on profit-taking

US rough rice futures on the Chicago Board of Trade fell Wednesday on profit-taking after notching a six-week peak early in the session, traders said. Rice rallied on worries that Tropical Storm Gustav could cause further delays to the US rice harvest. Th

Published 29 Aug, 2008 12:00am

SBP issues fresh instructions on SLR

The State Bank of Pakistan on Thursday issued fresh instructions regarding Statutory Liquidity Requirements (SLR). The SBP said that in terms of Govt of Pakistan notifications SRO No 517(I)/2008 & 518(I)/2008 issued on June 9, 2008.

Published 29 Aug, 2008 12:00am

Tokyo rubber up for seventh day

Tokyo rubber futures extended gains for the seventh consecutive session on Thursday to hover above 320 yen, a near four-week high, riding on the coat-tails of soaring crude oil prices. The key Tokyo Commodity Exchange rubber contract for February delivery

Published 29 Aug, 2008 12:00am

SBP issues fresh instructions on SLR

The State Bank of Pakistan on Thursday issued fresh instructions regarding Statutory Liquidity Requirements (SLR). The SBP said that in terms of Govt of Pakistan notifications SRO No 517(I)/2008 & 518(I)/2008 issued on June 9, 2008.

Published 29 Aug, 2008 12:00am

US copper gains

US copper futures closed on higher ground Wednesday as a declining dollar and firmer energy prices boosted the red metal's appeal as an alternative investment, analysts said. Copper for September delivery ended up 3.30 cents at $3.4715 a lb on the New Yor

Published 29 Aug, 2008 12:00am

SBP issues fresh instructions on SLR

The State Bank of Pakistan on Thursday issued fresh instructions regarding Statutory Liquidity Requirements (SLR). The SBP said that in terms of Govt of Pakistan notifications SRO No 517(I)/2008 & 518(I)/2008 issued on June 9, 2008.

Published 29 Aug, 2008 12:00am

Shanghai copper eases

Copper futures in Shanghai ticked down on Thursday as around 6,000 tonnes of refined copper landed in the city, weighing on domestic sentiment, but London lead jumped almost 4 percent, extending Wednesday's surge. Shanghai copper stocks, at 21,796 tonnes

Published 29 Aug, 2008 12:00am

ECP clears papers of Zardari, Saeed and Mushahid

The Election Commission of Pakistan (ECP) has cleared the nomination papers of Asif Ali Zardari, Saeed-uz-Zaman Siddiqui and Mushahid Hussain Syed for the upcoming sixth presidential elections as none of them challenged the opponents' candidatures.

Published 29 Aug, 2008 12:00am

New York sugar down

Raw sugar futures surrendered earlier gains to end sharply lower Wednesday as chart-based liquidation kicked in when the market failed to breach key technical resistance levels, dealers said. The benchmark October sugar contract tumbled 0.49 cent or nearl

Published 29 Aug, 2008 12:00am

ECP clears papers of Zardari, Saeed and Mushahid

The Election Commission of Pakistan (ECP) has cleared the nomination papers of Asif Ali Zardari, Saeed-uz-Zaman Siddiqui and Mushahid Hussain Syed for the upcoming sixth presidential elections as none of them challenged the opponents' candidatures.

Published 29 Aug, 2008 12:00am

Malaysian palm oil lower

Malaysian crude palm oil futures ended down more than 1 percent after a volatile trading day on Thursday, with some players starting to unwind positions ahead of a long holiday weekend, dealers said. The benchmark November crude palm oil contract on the B

Published 29 Aug, 2008 12:00am

Infrastructure and energy sectors: consensus reached with US Chamber over boosting investment

US Chamber of Commerce and the Ministry of Finance have developed consensus on increased Pak-US commercial interaction for public and private sector development to progressively increase investment in infrastructure and energy sectors in Pakistan.

Published 29 Aug, 2008 12:00am

Malaysian tin falls

Malaysian tin fell 1.4 on Thursday, following the London Metal Exchange prices, one dealer said.

Published 29 Aug, 2008 12:00am

Infrastructure and energy sectors: consensus reached with US Chamber over boosting investment

US Chamber of Commerce and the Ministry of Finance have developed consensus on increased Pak-US commercial interaction for public and private sector development to progressively increase investment in infrastructure and energy sectors in Pakistan.

Published 29 Aug, 2008 12:00am

US gold higher

US gold futures ended higher in light volume on Wednesday, partially retracing early gains, as rising crude oil and a falling dollar prompted buying of bullion as an alternative investment.

Published 29 Aug, 2008 12:00am

Infrastructure and energy sectors: consensus reached with US Chamber over boosting investment

US Chamber of Commerce and the Ministry of Finance have developed consensus on increased Pak-US commercial interaction for public and private sector development to progressively increase investment in infrastructure and energy sectors in Pakistan.

Published 29 Aug, 2008 12:00am

Gold extends gains

Gold rose further on Thursday on safe-haven buying as oil continued its ascent and on a sliding dollar, but it would have to crack key resistance levels to sustain the uptrend. "Gold is still capped by the big resistance at $837, and above at $846. I don'

Published 29 Aug, 2008 12:00am

11 killed in Bannu blast

A car bomb blew up as a Pakistani police bus travelled across a bridge in NWFP on Thursday, killing 11 people, police said. The attack happened near Bannu in NWFP. "The vehicle was going to pick up prisoners and as it reached a bridge an explosive-laden c

Published 29 Aug, 2008 12:00am

Oil nears $119

Oil prices rose for a fourth day on Thursday on worries that a tropical storm may strengthen to become the worst threat to US offshore oil and gas production since 2005, while the euro rose on tough inflation talk from the European Central Bank.

Published 29 Aug, 2008 12:00am

11 killed in Bannu blast

A car bomb blew up as a Pakistani police bus travelled across a bridge in NWFP on Thursday, killing 11 people, police said. The attack happened near Bannu in NWFP. "The vehicle was going to pick up prisoners and as it reached a bridge an explosive-laden c

Published 29 Aug, 2008 12:00am

Morgan Stanley fund eyes China, India construction

Morgan Stanley hopes to invest up to a quarter of its $4 billion global infrastructure fund in emerging economies such as China and India, a senior official at the US fund said. Gautam Bhandari, who on Tuesday was named as head of Morgan Stanley Infrastru

Published 29 Aug, 2008 12:00am

Indigenous oil, gas production: drilling at Sadiq-two in Shikarpur begins

In order to supplement the government efforts to increase indigenous production of oil and gas Petroleum Exploration (Pvt) Limited (PEL) has started drilling of Sadiq-2, a new development well, in Shikarpur District. The well Sadiq-2 was spud-in on August

Published 29 Aug, 2008 12:00am

ECB to cut rates in first quarter 2009, but a close call

The European Central Bank will wait until the first quarter of next year before cutting rates, slightly earlier than thought before, despite signs pointing to an economy already at a virtual standstill.

Published 29 Aug, 2008 12:00am

Indigenous oil, gas production: drilling at Sadiq-two in Shikarpur begins

In order to supplement the government efforts to increase indigenous production of oil and gas Petroleum Exploration (Pvt) Limited (PEL) has started drilling of Sadiq-2, a new development well, in Shikarpur District. The well Sadiq-2 was spud-in on August

Published 29 Aug, 2008 12:00am

Spain growth at 15-year low

Weaker consumer spending and a crumbling construction sector sent Spanish growth to a 15-year low in the second quarter but Spain's government said the economy could avoid recession.

Published 29 Aug, 2008 12:00am

Indigenous oil, gas production: drilling at Sadiq-two in Shikarpur begins

In order to supplement the government efforts to increase indigenous production of oil and gas Petroleum Exploration (Pvt) Limited (PEL) has started drilling of Sadiq-2, a new development well, in Shikarpur District. The well Sadiq-2 was spud-in on August

Published 29 Aug, 2008 12:00am

MUFG seeks stake in lender Acom

Mitsubishi UFJ Financial Group will spend over $910 million to raise its stake Acom Co to more than a third, financial sources said, throwing a lifeline to the struggling consumer lender while boosting its business in the troubled but potentially lucrativ

Published 29 Aug, 2008 12:00am

Riyadh agrees to give oil facility on deferred payments

The official delegation is back on Thursday from Saudi Arabia after getting a categorical assurance that Riyadh will provide support to Pakistan partially in the form of oil facility against deferred payments and some cash for plugging the current account

Published 29 Aug, 2008 12:00am

MUFG seeks stake in lender Acom

Mitsubishi UFJ Financial Group will spend over $910 million to raise its stake Acom Co to more than a third, financial sources said, throwing a lifeline to the struggling consumer lender while boosting its business in the troubled but potentially lucrativ

Published 29 Aug, 2008 12:00am

Riyadh agrees to give oil facility on deferred payments

The official delegation is back on Thursday from Saudi Arabia after getting a categorical assurance that Riyadh will provide support to Pakistan partially in the form of oil facility against deferred payments and some cash for plugging the current account

Published 29 Aug, 2008 12:00am

Dubai port operator profit jumps

Dubai-based port operator DP World posted on Thursday a 123 percent increase in net profits in the first half of 2008, which hit 287 million dollars, despite a global economic slowdown. The world's fourth-largest container port operator said its revenues

Published 29 Aug, 2008 12:00am

Riyadh agrees to give oil facility on deferred payments

The official delegation is back on Thursday from Saudi Arabia after getting a categorical assurance that Riyadh will provide support to Pakistan partially in the form of oil facility against deferred payments and some cash for plugging the current account

Published 29 Aug, 2008 12:00am

Dubai port operator profit jumps

Dubai-based port operator DP World posted on Thursday a 123 percent increase in net profits in the first half of 2008, which hit 287 million dollars, despite a global economic slowdown. The world's fourth-largest container port operator said its revenues

Published 29 Aug, 2008 12:00am

Pakistan and US military officials hold high-level talks

Top US and Pakistani military officials have met to discuss strategies to contain the growing militant threat along the Pakistan-Afghanistan border, the chairman of the US joint chiefs of staff Admiral Michael Mullen said Thursday.

Published 29 Aug, 2008 12:00am

Fed's Lockhart urges patience amid strained markets

The Federal Reserve must be "very vigilant" amid strained financial markets while exercising patience over interest rates as it waits for inflation to ease, a top Fed policy-maker said on Wednesday.

Published 29 Aug, 2008 12:00am

23 militants killed

The security forces shelled the militants' hideouts and targeted two vehicles of militants with gunship helicopters at restive Koza Bandi and Bara Bandi in Swat district, killing 23 militants and injuring several others, an official of ISPR said on late T

Published 29 Aug, 2008 12:00am

Tata Steel consolidated first quarter profit up

Tata Steel, the world's sixth-largest steelmaker, reported Thursday consolidated first quarterly net profit rose over 60 percent, lifted by earnings from its recently acquired British unit Corus. For the three months to June consolidated net profit rose 6

Published 29 Aug, 2008 12:00am

Foreign debt payments: Pakistan urged to seek IMF help to avoid default

US-based Citibank has advised Pakistan to secure help from the International Monetary Fund (IMF) to avoid default on its foreign debt repayments in the face of an ongoing political crisis.

Published 29 Aug, 2008 12:00am

Tata Steel consolidated first quarter profit up

Tata Steel, the world's sixth-largest steelmaker, reported Thursday consolidated first quarterly net profit rose over 60 percent, lifted by earnings from its recently acquired British unit Corus. For the three months to June consolidated net profit rose 6

Published 29 Aug, 2008 12:00am

Foreign debt payments: Pakistan urged to seek IMF help to avoid default

US-based Citibank has advised Pakistan to secure help from the International Monetary Fund (IMF) to avoid default on its foreign debt repayments in the face of an ongoing political crisis.

Published 29 Aug, 2008 12:00am

Maybank fourth quarter profit falls on provisions

Malaysia's top lender, Malayan Banking Bhd (Maybank), said its fourth-quarter profit fell by a third as it set aside more money for bad loans and potential losses from its bid to gain control of an Indonesian lender.

Published 29 Aug, 2008 12:00am

Foreign debt payments: Pakistan urged to seek IMF help to avoid default

US-based Citibank has advised Pakistan to secure help from the International Monetary Fund (IMF) to avoid default on its foreign debt repayments in the face of an ongoing political crisis.

Published 29 Aug, 2008 12:00am

Maybank fourth quarter profit falls on provisions

Malaysia's top lender, Malayan Banking Bhd (Maybank), said its fourth-quarter profit fell by a third as it set aside more money for bad loans and potential losses from its bid to gain control of an Indonesian lender.

Published 29 Aug, 2008 12:00am

Levy of regulatory duty on 379 items to add little revenue

The total import value of 15 major non-essential luxury items including luxurious vehicles, mobile phones and food items, liable to regulatory duty (RD), was only Rs 61 billion during 2007-2008. The import value of luxury and non-essential items on which

Published 29 Aug, 2008 12:00am

Sony to launch world's thinnest LCD TVs

Sony Corp said on Thursday it would launch the world's thinnest liquid crystal display (LCD) TVs this year, broadening its product line-up ahead of the critical year-end shopping season. The new 40-inch model, which is 9.9 mm thick, is estimated to sell f

Published 29 Aug, 2008 12:00am

Levy of regulatory duty on 379 items to add little revenue

The total import value of 15 major non-essential luxury items including luxurious vehicles, mobile phones and food items, liable to regulatory duty (RD), was only Rs 61 billion during 2007-2008. The import value of luxury and non-essential items on which

Published 29 Aug, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 25	154.29
USD to Swiss Franc / Nov 25	0.89
Pound Sterling to USD / Nov 25	1.26
Euro to USD / Nov 25	1.05

Stock	Volume
S&P 500 / Nov 22	5,969.34
Nasdaq / Nov 22	18,003.65
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59
France CAC40 / Nov 22	7,255.01
India Sensex / Nov 25	80,331.40
Tokyo Nikkei / Nov 25	38,933.62

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 25	248.38
Crude Oil USD/Barrel / Nov 25	70.68
Gold Spot USD/Ounce / Nov 25	2,664.27
Diesel/Litre / Nov 25	255.14

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 25 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 25 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 25 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 25 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 25 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 25 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 25 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 25 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 25 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

Most Popular