News Archives for Print - 2008-09-03

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Corruption, money laundering: NAB move for reopening of three references against Sharifs

The National Accountability Bureau (NAB) has filed an application in the Accountability Court, Rawalpindi, for re-opening of three corruption and money laundering references against former prime minister and Quaid of Pakistan Muslim League-N Mian Nawaz Sh

Published 03 Sep, 2008 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Corruption, money laundering: NAB move for reopening of three references against Sharifs

The National Accountability Bureau (NAB) has filed an application in the Accountability Court, Rawalpindi, for re-opening of three corruption and money laundering references against former prime minister and Quaid of Pakistan Muslim League-N Mian Nawaz Sh

Published 03 Sep, 2008 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Development authorities liable to pay tax from July

The development authorities, housing societies, and other authorities, who had wrongly claimed income tax exemption under the cover of "local authority", have been brought into the tax net from July 1, 2008. Sources told Business Recorder on Tuesda

Published 03 Sep, 2008 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Development authorities liable to pay tax from July

The development authorities, housing societies, and other authorities, who had wrongly claimed income tax exemption under the cover of "local authority", have been brought into the tax net from July 1, 2008. Sources told Business Recorder on Tuesda

Published 03 Sep, 2008 12:00am

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Development authorities liable to pay tax from July

The development authorities, housing societies, and other authorities, who had wrongly claimed income tax exemption under the cover of "local authority", have been brought into the tax net from July 1, 2008. Sources told Business Recorder on Tuesda

Published 03 Sep, 2008 12:00am

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

BRIndex30 gains 16.10 points

On Tuesday, the BRIndex30 opened at 9,204.26, and closed at 9,222.79 with a net positive change of 16.10 points and percentage change of 0.17. It experienced intra-day high of 9,222.79 and low of 8,968.13. The volume amounted to 2,837,400 shares, which wa

Published 03 Sep, 2008 12:00am

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

BRIndex30 gains 16.10 points

On Tuesday, the BRIndex30 opened at 9,204.26, and closed at 9,222.79 with a net positive change of 16.10 points and percentage change of 0.17. It experienced intra-day high of 9,222.79 and low of 8,968.13. The volume amounted to 2,837,400 shares, which wa

Published 03 Sep, 2008 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

KSE gains 19 points in dull trading

The Karachi share market, after witnessing another dull session on Tuesday with record low volumes, finally closed at 9,229.51 points, with a gain of just 19.36 points. The KSE-30 index increased by 17.45 points and settled at 10,200.11 points level.

Published 03 Sep, 2008 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

KSE gains 19 points in dull trading

The Karachi share market, after witnessing another dull session on Tuesday with record low volumes, finally closed at 9,229.51 points, with a gain of just 19.36 points. The KSE-30 index increased by 17.45 points and settled at 10,200.11 points level.

Published 03 Sep, 2008 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

KSE gains 19 points in dull trading

The Karachi share market, after witnessing another dull session on Tuesday with record low volumes, finally closed at 9,229.51 points, with a gain of just 19.36 points. The KSE-30 index increased by 17.45 points and settled at 10,200.11 points level.

Published 03 Sep, 2008 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Income tax returns filing: no extension beyond September 30

The Federal Board of Revenue (FBR) would not give extension in time for electronically filing of income tax returns by both individuals and associations of Persons (AOPs) in September. Sources told Business Recorder on Tuesday that there was no cha

Published 03 Sep, 2008 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Income tax returns filing: no extension beyond September 30

The Federal Board of Revenue (FBR) would not give extension in time for electronically filing of income tax returns by both individuals and associations of Persons (AOPs) in September. Sources told Business Recorder on Tuesday that there was no cha

Published 03 Sep, 2008 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Income tax returns filing: no extension beyond September 30

The Federal Board of Revenue (FBR) would not give extension in time for electronically filing of income tax returns by both individuals and associations of Persons (AOPs) in September. Sources told Business Recorder on Tuesday that there was no cha

Published 03 Sep, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Registered units: FBR to issue new parameters for combined audit

The Federal Board of Revenue has decided to issue new parameters for composite audit of sales tax and income tax of registered units. Sources told Business Recorder on Tuesday that the audit parameters have been duly reviewed taking into account pr

Published 03 Sep, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Urea price shoots up

Urea price has reached a new peak Rs 975 per 50-kg in Sindh and Punjab due to hoarding and smuggling, market sources told Business Recorder on Tuesday. The price of urea has been continuously rising since the last one month, but in the last two day

Published 03 Sep, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Urea price shoots up

Urea price has reached a new peak Rs 975 per 50-kg in Sindh and Punjab due to hoarding and smuggling, market sources told Business Recorder on Tuesday. The price of urea has been continuously rising since the last one month, but in the last two day

Published 03 Sep, 2008 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Urea price shoots up

Urea price has reached a new peak Rs 975 per 50-kg in Sindh and Punjab due to hoarding and smuggling, market sources told Business Recorder on Tuesday. The price of urea has been continuously rising since the last one month, but in the last two day

Published 03 Sep, 2008 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Gas disconnection notice served on Pepco

Pakistan Petroleum Limited (PPL) has served gas disconnection notice on Pakistan Electric Power Company (Pepco) for not paying gas bills for four months ie March to June 2008, official sources told Business Recorder, here on Tuesday.

Published 03 Sep, 2008 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 03 Sep, 2008 12:00am

Gas disconnection notice served on Pepco

Pakistan Petroleum Limited (PPL) has served gas disconnection notice on Pakistan Electric Power Company (Pepco) for not paying gas bills for four months ie March to June 2008, official sources told Business Recorder, here on Tuesday.

Published 03 Sep, 2008 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (September 02, 2008).

Published 03 Sep, 2008 12:00am

Gas disconnection notice served on Pepco

Pakistan Petroleum Limited (PPL) has served gas disconnection notice on Pakistan Electric Power Company (Pepco) for not paying gas bills for four months ie March to June 2008, official sources told Business Recorder, here on Tuesday.

Published 03 Sep, 2008 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 03 Sep, 2008 12:00am

Thailand declares emergency in Bangkok after clashes

Thailand declared a state of emergency on Tuesday, banning gatherings of more than five people in a bid to clamp down on anti-government protests that erupted into deadly clashes overnight. The announcement came just hours after street fights broke out be

Published 03 Sep, 2008 12:00am

Pakistan Standards & Quality Control Authority

Introduction: Standardisation is instrumental in the creation of order in our technical world. Actually in broad sense we may say, it is an integral part of the existing economic, social and legal structure.

Published 03 Sep, 2008 12:00am

Thailand declares emergency in Bangkok after clashes

Thailand declared a state of emergency on Tuesday, banning gatherings of more than five people in a bid to clamp down on anti-government protests that erupted into deadly clashes overnight. The announcement came just hours after street fights broke out be

Published 03 Sep, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 83,986 tonnes of cargo including 54,180 tonnes of import, 29,806 tonnes of export cargo and 2,693 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday.

Published 03 Sep, 2008 12:00am

US wrapping up review of relations with Russia: White House

The United States is trying to wrap up its review of ties to Russia over the Georgia conflict and has not ruled sanctions in or out as a possible response, the White House said Tuesday. Asked about media reports quoting a Kremlin aide saying that US sanct

Published 03 Sep, 2008 12:00am

Brazilian cane crop seen record but below forecast

As Brazil's center-south 2008/09 cane harvest moves ahead, producers reduce their initial forecast of a strong rise in crushing to a smaller increase in output - though they still see a record. Showers and equipment delays in the beginning of the season,

Published 03 Sep, 2008 12:00am

European parliamentarians mull freezing funds to Russia

Members of the European parliament's budgetary affairs committee on Tuesday urged the house to freeze aid funding to Russia in retaliation to the crisis in Georgia. "A freeze on these sums would be a legitimate political measure," to put pressure on Russi

Published 03 Sep, 2008 12:00am

Philippines first half nickel ore output slumps 44 percent

Philippines nickel ore production slumped 44 percent in the first half of the year, while gold and copper output rose 3 and 11 percent, respectively, data from the government's Mines and Geosciences Bureau showed on Tuesday.

Published 03 Sep, 2008 12:00am

Nepra restrained from implementing decision till September 15

The Lahore High Court (LHC) has restrained National Electric Power Regulatory Authority (Nepra) and electric distribution companies from implementing the increased tariff regarding industrial consumers till September 15. The court passed these orders in s

Published 03 Sep, 2008 12:00am

Russian gas oil, gasoline exports fall in August

Russian exports of gas oil and gasoline fell in August due to higher customs duties and increased demand for the fuels on the domestic market, data provided by the Energy Ministry showed. Russian oil companies exported 86,219 tonnes per day of gas oil in

Published 03 Sep, 2008 12:00am

Nepra restrained from implementing decision till September 15

The Lahore High Court (LHC) has restrained National Electric Power Regulatory Authority (Nepra) and electric distribution companies from implementing the increased tariff regarding industrial consumers till September 15. The court passed these orders in s

Published 03 Sep, 2008 12:00am

Ethiopia imports 102,072 tonnes sugar

Ethiopia imported 102,072 tonnes of sugar in 2007/08 to meet growing domestic demand while also exporting 21,700 tonnes of raw sugar to generate foreign currency, a government official said on Tuesday. Musa Mohammed Zeinu, head of the Sugar Support Enterp

Published 03 Sep, 2008 12:00am

Nepra restrained from implementing decision till September 15

The Lahore High Court (LHC) has restrained National Electric Power Regulatory Authority (Nepra) and electric distribution companies from implementing the increased tariff regarding industrial consumers till September 15. The court passed these orders in s

Published 03 Sep, 2008 12:00am

Russia harvests 84.2 million tonnes grain

Russia had harvested 84.2 million tonnes of grain by bunker weight as of September 2, 22.6 million tonnes more than a year ago, the Agriculture Ministry said on Tuesday. The ministry said in a statement grains had been harvested from 30.2 million hectares

Published 03 Sep, 2008 12:00am

ZTBL wrote off Rs 3.523 billion loans during 2004-07: Senate informed

The Senate was informed on Tuesday that the Zarai Taraqiati Bank Ltd (ZTBL) has written off Rs 3.523 billion loans to different people during 2004-07 period. In responding to a question from Tahir Hussain Mashhadi, the finance ministry provided details of

Published 03 Sep, 2008 12:00am

Ghana cocoa light crop purchases down

Cocoa purchases declared by private buyers to Ghana's industry regulator Cocobod reached 13,613.8 tonnes in the first eight weeks of the 11-week light crop, down 3.1 percent year on year, an industry source said on Tuesday. Purchases for week 8, ending Au

Published 03 Sep, 2008 12:00am

ZTBL wrote off Rs 3.523 billion loans during 2004-07: Senate informed

The Senate was informed on Tuesday that the Zarai Taraqiati Bank Ltd (ZTBL) has written off Rs 3.523 billion loans to different people during 2004-07 period. In responding to a question from Tahir Hussain Mashhadi, the finance ministry provided details of

Published 03 Sep, 2008 12:00am

Oil World cuts global soya crop forecast

Oil World has cut its forecast of the global 2008/09 soyabean crop to 239.5 million tonnes, down 1.8 million tonnes from its July estimate, the Hamburg-based oilseeds analysts said on Tuesday. This would still be up by around 17 million tonnes on the 2007

Published 03 Sep, 2008 12:00am

ZTBL wrote off Rs 3.523 billion loans during 2004-07: Senate informed

The Senate was informed on Tuesday that the Zarai Taraqiati Bank Ltd (ZTBL) has written off Rs 3.523 billion loans to different people during 2004-07 period. In responding to a question from Tahir Hussain Mashhadi, the finance ministry provided details of

Published 03 Sep, 2008 12:00am

Dubai gold imports up, prices fall

Demand for bullion in Dubai is soaring, with imports showing signs of revival on the back of falling gold prices, rising inflation and the start of the wedding season, traders and industry experts said on Tuesday. A surge in gold prices to multi-year high

Published 03 Sep, 2008 12:00am

Operation in tribal areas, Swat: CoAS to be asked to give in-camera briefing to House

Prime Minister Syed Yousuf Raza Gilani on Tuesday said that Pakistan was not taking dictation from the United States and was fighting the war on terror in its own interest and it was accountable to its people.

Published 03 Sep, 2008 12:00am

Spot rate pushed up by Rs 50 on cotton market

Official spot rate was raised modestly on brisk demand by the exporters and mills in anticipation of further increase in the rates, dealers said. The official spot rate was set higher by Rs 50 to Rs 4125, they said. Phutti prices in Sindh were at Rs 1950-

Published 03 Sep, 2008 12:00am

Operation in tribal areas, Swat: CoAS to be asked to give in-camera briefing to House

Prime Minister Syed Yousuf Raza Gilani on Tuesday said that Pakistan was not taking dictation from the United States and was fighting the war on terror in its own interest and it was accountable to its people.

Published 03 Sep, 2008 12:00am

Bangladesh tea prices rise

The average price of Bangladesh teas rose slightly to 1221.01 taka ($1.78) per kg on higher overseas demand at the weekly auction on Tuesday, brokers said. More than 1.20 million kg were sold at 122.01 taka per kg on average, up 0.28 taka from the last sa

Published 03 Sep, 2008 12:00am

Non-resident person: FBR plans to impose levy on shipping, air transport income

The Federal Board of Revenue (FBR) is planning to impose levy on shipping and air transport income of a non-resident person. Sources told Business Recorder on Tuesday that FBR is trying to broaden the tax net to achieve the target set for the curre

Published 03 Sep, 2008 12:00am

Solo change in lean business on grain market

Slow business was seen on the grain market on Tuesday as most of the buyers kept on the sideline as they had covered the immediate needs for the month of Ramazan, dealers said. Only one change was seen on the grams side as dal beetle low type gained Rs 10

Published 03 Sep, 2008 12:00am

Non-resident person: FBR plans to impose levy on shipping, air transport income

The Federal Board of Revenue (FBR) is planning to impose levy on shipping and air transport income of a non-resident person. Sources told Business Recorder on Tuesday that FBR is trying to broaden the tax net to achieve the target set for the curre

Published 03 Sep, 2008 12:00am

Tokyo rubber falls

Tokyo rubber futures fell more than 1 percent on Tuesday as sharp falls in oil prices prompted active selling, pushing the benchmark contract to its lowest level in almost one week. As of 0046 GMT, the key Tokyo Commodity Exchange rubber contract for Febr

Published 03 Sep, 2008 12:00am

Non-resident person: FBR plans to impose levy on shipping, air transport income

The Federal Board of Revenue (FBR) is planning to impose levy on shipping and air transport income of a non-resident person. Sources told Business Recorder on Tuesday that FBR is trying to broaden the tax net to achieve the target set for the curre

Published 03 Sep, 2008 12:00am

US corn and soya drop on strong dollar

US corn and soy fell over 3 percent in post-holiday trade early on Tuesday, as a $4 plunge in oil prices pushed the dollar to 2008 highs, triggering a broad sell-off in commodities. Favourable weather conditions late last week in the US Midwest also press

Published 03 Sep, 2008 12:00am

OGDCL missed exploration targets in 2007-08

The Oil and Gas Development Company Limited (OGDCL) has missed the much-trumpeted exploration and production target for 2007-08, resulting in decline in its oil and gas output during last year. The company''s business plan 2007-08, a copy of which was mad

Published 03 Sep, 2008 12:00am

India may extend ban on rubber futures

India may extend a ban on futures trading in rubber for another four months because of a sharp rise in spot prices, the Business Standard newspaper reported on Tuesday, citing unidentified market sources. The government had suspended futures trading in ru

Published 03 Sep, 2008 12:00am

OGDCL missed exploration targets in 2007-08

The Oil and Gas Development Company Limited (OGDCL) has missed the much-trumpeted exploration and production target for 2007-08, resulting in decline in its oil and gas output during last year. The company's business plan 2007-08, a copy of which was made

Published 03 Sep, 2008 12:00am

Shanghai metals down

Shanghai metals fell more than 1 percent on Tuesday, following a near 3 percent slide in London copper overnight weighed down by soft oil, a firm dollar and worries about Chinese demand. US crude prices have fallen over 5 percent since Friday after Hurric

Published 03 Sep, 2008 12:00am

OGDCL missed exploration targets in 2007-08

The Oil and Gas Development Company Limited (OGDCL) has missed the much-trumpeted exploration and production target for 2007-08, resulting in decline in its oil and gas output during last year. The company's business plan 2007-08, a copy of which was made

Published 03 Sep, 2008 12:00am

Malaysian tin plummets

Malaysian tin dived 7.6 percent on Tuesday, following two days of sharp declines on the London Metal Exchange, as well surging domestic supplies, one dealer said. The market was closed on Monday to mark the country's national day celebrations.

Published 03 Sep, 2008 12:00am

Oil near $111 as Gustav relents

Oil extended losses toward $111 on Tuesday after Hurricane Gustav eased before slamming into the US Gulf Coast, pushing up the US dollar to a 7-month high against the euro and causing a broad selloff of commodities. The South Korean won recovered after a

Published 03 Sep, 2008 12:00am

Indian gold imports jump

India's gold imports in August jumped 45 percent from a year ago to about 100 tonnes, the first annual rise this year, as lower prices revived demand in the world's leading consumer, a trade body chief said on Tuesday. International gold prices tumbled to

Published 03 Sep, 2008 12:00am

Malaysian palm oil drop

Malaysian crude palm oil futures dropped 4.0 percent by midday on Tuesday as the market resumed trading after a long weekend, tracking falls in the prices of crude oil and soybean oil, dealers said. Palm oil, used to make products from soap to biodiesel,

Published 03 Sep, 2008 12:00am

National Real Estate eyes expansion, mulls sukuk

Kuwait's National Real Estate Co, a major investor in logistics firm Agility, wants to expand into markets from Syria to South Africa and is considering selling Islamic bonds later this year, its CEO said. The firm is building a $1.3 billion project in Ab

Published 03 Sep, 2008 12:00am

National Real Estate eyes expansion, mulls sukuk

Kuwait's National Real Estate Co, a major investor in logistics firm Agility, wants to expand into markets from Syria to South Africa and is considering selling Islamic bonds later this year, its CEO said. The firm is building a $1.3 billion project in Ab

Published 03 Sep, 2008 12:00am

Dubai home buyers fear residency may be a mirage

Iraqi Abu Zainab took a big loan to join a crowd of homebuyers seeking a piece of the "Dubai dream", after violence at home forced him to look for a safe haven where he and his wife could spend their grey years in peace.

Published 03 Sep, 2008 12:00am

Orascom second quarter disappoints as Asia growth slows

Mobile phone operator Orascom Telecom reported lower-than-expected net income in the second quarter as growth in Pakistan and Bangladesh slowed and financing costs rose, hitting its shares. The No 1 Arab mobile phone operator by subscribers said on Tuesda

Published 03 Sep, 2008 12:00am

Orascom second quarter disappoints as Asia growth slows

Mobile phone operator Orascom Telecom reported lower-than-expected net income in the second quarter as growth in Pakistan and Bangladesh slowed and financing costs rose, hitting its shares. The No 1 Arab mobile phone operator by subscribers said on Tuesda

Published 03 Sep, 2008 12:00am

Bangladesh BoP falls 60 percent as food imports soar

Bangladesh's balance of payments slumped 59.54 percent to $604 million in the 2007/08 fiscal year that ended in June from a year earlier due to soaring food and oil import costs, the central bank said on Tuesday. Bangladesh's foreign exchange reserves in

Published 03 Sep, 2008 12:00am

US manufacturing shrinks slightly

US factory activity unexpectedly shrank slightly in August while inflation pressures also eased, according to an industry report released on Tuesday. The Institute for Supply Management said its index of national factory activity edged lower to 49.9 in Au

Published 03 Sep, 2008 12:00am

US construction spending down on housing slump

US construction spending fell a steeper-than-expected 0.6 percent in July as private home building reached a more than seven year low, a Commerce Department report showed on Tuesday. Spending on construction in July fell to a seasonally adjusted annual ra

Published 03 Sep, 2008 12:00am

Germany urges China to act on imbalances

German Finance Minister Peer Steinbrueck said on Tuesday he had urged China to take more responsibility to help resolve global economic imbalances, including by playing a larger role in international financial institutions. In an interview with Reuters, S

Published 03 Sep, 2008 12:00am

Brown cuts house tax at start of fightback

British Prime Minister Gordon Brown cut an unpopular tax on home purchases on Tuesday as part of a package designed to boost the country's slumping housing market and lift his flagging political fortunes. Brown's government said properties worth less than

Published 03 Sep, 2008 12:00am

European economy loses steam, UK shrinking

Europe's economy is slowing more sharply than predicted, with Britain near recession, and the United States and Japan are faring little better, according to OECD forecasts on Tuesday. Inflation could ease because of a drop in oil prices and a tentative st

Published 03 Sep, 2008 12:00am

Rolling Stones show at Victoria and Albert Museum

A handout image obtained on Tuesday from the Victoria and Albert Museum in London shows the original artwork of the Rolling Stones' iconic red lips and tongue logo. The Victoria and Albert Museum in London said it had bought the original artwork of the Ro

Published 03 Sep, 2008 12:00am

Gold strikes one-week low

Gold struck a one-week low on Tuesday, as speculators ditched some holdings following a sharp drop in oil prices and a rally in the US dollar, which reduced bullion's appeal as an alternative investment. A state of emergency in Thailand, Asia's fourth-lar

Published 03 Sep, 2008 12:00am

General Motors opens second plant in India

US-based auto giant General Motors opened its second plant in western India on Tuesday that will nearly triple annual production capacity to 225,000 vehicles a year. The company said it had invested 300 million dollars in the new factory in Talegaon, near

Published 03 Sep, 2008 12:00am

BoJ chief says global slowdown a needed adjustment

A slowdown in the world economy is a part of necessary adjustment to achieve sustainable growth and stability in resource prices in the future, Bank of Japan Governor Masaaki Shirakawa said on Tuesday. Once the world's economy has gone through such a proc

Published 03 Sep, 2008 12:00am

Opec may need to cut oil supply 1.5 million barrels per day: Iran

Opec may need to cut oil supplies by as much as 1.5 million barrels per day (bpd), or nearly 5 percent, to balance global markets by early next year, Iran's Opec governor said on Tuesday. The Organisation of the Petroleum Exporting Countries should consid

Published 03 Sep, 2008 12:00am

Australia central bank cuts rates first time in 7 years

Australia's central bank on Tuesday cut its key interest rate 25 basis points to 7.0 percent, the first easing in seven years, as it attempts to combat tighter financial conditions amid the global credit crunch. In a brief statement after its monthly poli

Published 03 Sep, 2008 12:00am

China to charge $6 a barrel to develop Iraq field

Iraq on Tuesday cleared a plan to develop an oil field south of Baghdad in collaboration with China Petroleum, which will charge Baghdad a service fee of six dollars for producing a barrel of oil. Iraqi Oil Minister Hussein al-Shahristani said the cabinet

Published 03 Sep, 2008 12:00am

Everton sign Fellaini for record fee

Belgian midfielder Maroune Fellaini signed for English Premier League club Everton from UEFA Cup opponents Standard Liege late on Monday for a record 18.5 million euros ($27.12 million) fee. "Maroune Fellaini has transferred to Everton FC. He has signed a

Published 03 Sep, 2008 12:00am

Troubled Symonds set to miss tour

Troubled Australian all-rounder Andrew Symonds has been told by Cricket Australia to get psychological help and will be not be part of the upcoming tour of India, an report said Tuesday. Symonds is considering his future in international cricket after bei

Published 03 Sep, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
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PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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