News Archives for Print - 2008-09-11

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

To meet IPI gas line expenses: Ogra allowed to include up to Rs 3 per BTU in gas bills

The Economic Co-ordination Committee (ECC) of the Cabinet on Wednesday allowed Oil and Gas Regulatory Authority (Ogra) to include up to Rs 3 per BTU in gas bills to meet the expenses of the Iran-Pakistan-India (IPI) gas pipeline.

Published 11 Sep, 2008 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

July-August trade deficit widens to $3.522 billion

Trade deficit in July-August 2008 widened to $3.522 billion with $7.011 billion imports against $3.489 billion exports. Federal Bureau of Statistics (FBS) trade figures released here on Wednesday showed that trade deficit during first two months of the cu

Published 11 Sep, 2008 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

July-August trade deficit widens to $3.522 billion

Trade deficit in July-August 2008 widened to $3.522 billion with $7.011 billion imports against $3.489 billion exports. Federal Bureau of Statistics (FBS) trade figures released here on Wednesday showed that trade deficit during first two months of the cu

Published 11 Sep, 2008 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

July-August trade deficit widens to $3.522 billion

Trade deficit in July-August 2008 widened to $3.522 billion with $7.011 billion imports against $3.489 billion exports. Federal Bureau of Statistics (FBS) trade figures released here on Wednesday showed that trade deficit during first two months of the cu

Published 11 Sep, 2008 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

MoF arranges Rs 30 billion for Pepco from banks consortium

The Ministry of Finance is said to have negotiated Rs 30 billion term finance facility from a consortium of local banks by issuing a ''Letter of Comfort'' instead of Government of Pakistan guarantee, sources close to Secretary, Finance told Business Re

Published 11 Sep, 2008 12:00am

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

MoF arranges Rs 30 billion for Pepco from banks consortium

The Ministry of Finance is said to have negotiated Rs 30 billion term finance facility from a consortium of local banks by issuing a 'Letter of Comfort' instead of Government of Pakistan guarantee, sources close to Secretary, Finance told Business Reco
Published 11 Sep, 2008 12:00am

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

MoF arranges Rs 30 billion for Pepco from banks consortium

The Ministry of Finance is said to have negotiated Rs 30 billion term finance facility from a consortium of local banks by issuing a 'Letter of Comfort' instead of Government of Pakistan guarantee, sources close to Secretary, Finance told Business Reco
Published 11 Sep, 2008 12:00am

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

BRIndex30 gains 25.61 points

On Wednesday, the BRIndex30 opened in the positive zone, at 9,136.40. It closed at 9,160.94 with a net positive change of 25.61 points and percentage change of 0.28. It experienced intra-day high of 9,186.81 and low of 8,955.86. The volume amounted to 14,
Published 11 Sep, 2008 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

BRIndex30 gains 25.61 points

On Wednesday, the BRIndex30 opened in the positive zone, at 9,136.40. It closed at 9,160.94 with a net positive change of 25.61 points and percentage change of 0.28. It experienced intra-day high of 9,186.81 and low of 8,955.86. The volume amounted to 14,
Published 11 Sep, 2008 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

KSE index gains 36 points

Karachi share market, after witnessing a volatile session on Wednesday, finally managed to close in the positive with KSE-100 index gaining 36.06 points to settle at its intra-day high level of 9,315.68 points, analysts said. Trading activity also improve
Published 11 Sep, 2008 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

KSE index gains 36 points

Karachi share market, after witnessing a volatile session on Wednesday, finally managed to close in the positive with KSE-100 index gaining 36.06 points to settle at its intra-day high level of 9,315.68 points, analysts said. Trading activity also improve
Published 11 Sep, 2008 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

KSE index gains 36 points

Karachi share market, after witnessing a volatile session on Wednesday, finally managed to close in the positive with KSE-100 index gaining 36.06 points to settle at its intra-day high level of 9,315.68 points, analysts said. Trading activity also improve
Published 11 Sep, 2008 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

Government borrowing from banks up by 41 percent

The government''s budgetary borrowing surged by 41 percent during first 26 days of current fiscal year, which reflects that the federal government is still relying on the State Bank and other banks for budgetary support despite State Bank''s request to re
Published 11 Sep, 2008 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

Government borrowing from banks up by 41 percent

The government's budgetary borrowing surged by 41 percent during first 26 days of current fiscal year, which reflects that the federal government is still relying on the State Bank and other banks for budgetary support despite State Bank's request to redu
Published 11 Sep, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

Government borrowing from banks up by 41 percent

The government's budgetary borrowing surged by 41 percent during first 26 days of current fiscal year, which reflects that the federal government is still relying on the State Bank and other banks for budgetary support despite State Bank's request to redu
Published 11 Sep, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

SBP invites bids for Ijara Sukuk

The State Bank of Pakistan has invited tenders for the sale of Government of Pakistan Ijara Sukuk (GIS) worth Rs 10 billion. Since long the federal government was considering to issue Ijara Sukuk, which would not only help the government to diversify its
Published 11 Sep, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

SBP invites bids for Ijara Sukuk

The State Bank of Pakistan has invited tenders for the sale of Government of Pakistan Ijara Sukuk (GIS) worth Rs 10 billion. Since long the federal government was considering to issue Ijara Sukuk, which would not only help the government to diversify its
Published 11 Sep, 2008 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

SBP invites bids for Ijara Sukuk

The State Bank of Pakistan has invited tenders for the sale of Government of Pakistan Ijara Sukuk (GIS) worth Rs 10 billion. Since long the federal government was considering to issue Ijara Sukuk, which would not only help the government to diversify its
Published 11 Sep, 2008 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

SBP invites bids for Ijara Sukuk

The State Bank of Pakistan has invited tenders for the sale of Government of Pakistan Ijara Sukuk (GIS) worth Rs 10 billion. Since long the federal government was considering to issue Ijara Sukuk, which would not only help the government to diversify its
Published 11 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 11 Sep, 2008 12:00am

Ginners to pay withholding tax on cotton lint

The Federal Board of Revenue (FBR) on Wednesday announced that the withholding tax deductible on the amount of cotton lint supplied by the cotton ginners to the textile industry would be paid by cotton ginners themselves. The FBR has issued income tax cir
Published 11 Sep, 2008 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

Ginners to pay withholding tax on cotton lint

The Federal Board of Revenue (FBR) on Wednesday announced that the withholding tax deductible on the amount of cotton lint supplied by the cotton ginners to the textile industry would be paid by cotton ginners themselves. The FBR has issued income tax cir
Published 11 Sep, 2008 12:00am

Spot dollar rates

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

Published 11 Sep, 2008 12:00am

Ginners to pay withholding tax on cotton lint

The Federal Board of Revenue (FBR) on Wednesday announced that the withholding tax deductible on the amount of cotton lint supplied by the cotton ginners to the textile industry would be paid by cotton ginners themselves. The FBR has issued income tax cir
Published 11 Sep, 2008 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 10, 2008).
Published 11 Sep, 2008 12:00am

Hidden income declaration: FBR action challenged in LHC

The Lahore High Court (LHC) has directed the Federal Board of Revenue (FBR) to explain why the unexplained income of Rs 500,000, declared before August 8 under the Investment Tax Scheme (Income Tax Circular 3 of 2008) was not accepted in a case where proc
Published 11 Sep, 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 Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

Hidden income declaration: FBR action challenged in LHC

The Lahore High Court (LHC) has directed the Federal Board of Revenue (FBR) to explain why the unexplained income of Rs 500,000, declared before August 8 under the Investment Tax Scheme (Income Tax Circular 3 of 2008) was not accepted in a case where proc
Published 11 Sep, 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 Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

Hidden income declaration: FBR action challenged in LHC

The Lahore High Court (LHC) has directed the Federal Board of Revenue (FBR) to explain why the unexplained income of Rs 500,000, declared before August 8 under the Investment Tax Scheme (Income Tax Circular 3 of 2008) was not accepted in a case where proc
Published 11 Sep, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

Scientists' joy after world's greatest atom-smasher starts operations

Particle physicists were jubilant on Wednesday after the long-awaited start-up of a mega-machine designed to expose secrets of the cosmos passed its first test with flying colours. Cheers, applause and the pop of a champagne cork - rather than the catacly
Published 11 Sep, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

Scientists' joy after world's greatest atom-smasher starts operations

Particle physicists were jubilant on Wednesday after the long-awaited start-up of a mega-machine designed to expose secrets of the cosmos passed its first test with flying colours. Cheers, applause and the pop of a champagne cork - rather than the catacly
Published 11 Sep, 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 Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

US buyers take lion''s share of record Fannie deal

Fannie Mae''s record $7 billion note sale drew robust demand, primarily from domestic investors, three days after the government took control of the largest US mortgage finance company. Orders for the massive issue surpassed the amount sold, and the risk
Published 11 Sep, 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 Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

US buyers take lion's share of record Fannie deal

Fannie Mae's record $7 billion note sale drew robust demand, primarily from domestic investors, three days after the government took control of the largest US mortgage finance company. Orders for the massive issue surpassed the amount sold, and the risk p
Published 11 Sep, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

US buyers take lion's share of record Fannie deal

Fannie Mae's record $7 billion note sale drew robust demand, primarily from domestic investors, three days after the government took control of the largest US mortgage finance company. Orders for the massive issue surpassed the amount sold, and the risk p
Published 11 Sep, 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 11 Sep, 2008 12:00am

22 militants killed in Bajaur

Troops backed by tanks and heavy artillery Wednesday killed at least 22 Taliban militants in a restive tribal area near the Afghan border, an official said. The troops confronted the militants across the Bajaur tribal district on Wednesday evening.
Published 11 Sep, 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 11 Sep, 2008 12:00am

22 militants killed in Bajaur

Troops backed by tanks and heavy artillery Wednesday killed at least 22 Taliban militants in a restive tribal area near the Afghan border, an official said. The troops confronted the militants across the Bajaur tribal district on Wednesday evening.
Published 11 Sep, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (September 10, 2008).

Published 11 Sep, 2008 12:00am

Iran quake kills five

A powerful earthquake struck southern Iran on Wednesday near Bandar Abbas, site of a major oil refinery, killing at least five people and injuring 26, officials and state media said. The US Geological Service said the quake's magnitude was 6.1 and it stru
Published 11 Sep, 2008 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 11 Sep, 2008 12:00am

Iran quake kills five

A powerful earthquake struck southern Iran on Wednesday near Bandar Abbas, site of a major oil refinery, killing at least five people and injuring 26, officials and state media said. The US Geological Service said the quake's magnitude was 6.1 and it stru
Published 11 Sep, 2008 12:00am

New York cotton

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

Published 11 Sep, 2008 12:00am

Nuclear deal likely with China during Zardari's visit

Pakistan and China have 'developed an understanding to enhance nuclear co-operation' sources in Xinhua, Chinese news agency, confirmed to this scribe. It is expected that a deal will be signed during the scheduled visit of President Asif Ali Zardari to Ch
Published 11 Sep, 2008 12:00am

New York cotton

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

Published 11 Sep, 2008 12:00am

Nuclear deal likely with China during Zardari's visit

Pakistan and China have 'developed an understanding to enhance nuclear co-operation' sources in Xinhua, Chinese news agency, confirmed to this scribe. It is expected that a deal will be signed during the scheduled visit of President Asif Ali Zardari to Ch
Published 11 Sep, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 122,558 tonnes of cargo including 80,464 tonnes of import, 42,094 tonnes of export cargo and 3,679 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday.
Published 11 Sep, 2008 12:00am

Kayani calls corps commanders conference

Chief of Army Staff General Ashfaq Parvez Kayani has summoned corps commanders conference on Thursday (today), Aaj TV reported on Wednesday. According to the channel, all corps commanders and principal staff officers will attend the conference.
Published 11 Sep, 2008 12:00am

US corn futures end down

US corn futures on the Chicago Board of Trade closed lower on Tuesday amid falling crude oil and good crop weather in the US Midwest, traders said. -- CBOT corn closed 1-1/2 to 4-1/2 cents per bushel, with September down 3-1/2 at $5.29-1/2 per bushel. New
Published 11 Sep, 2008 12:00am

Kayani calls corps commanders conference

Chief of Army Staff General Ashfaq Parvez Kayani has summoned corps commanders conference on Thursday (today), Aaj TV reported on Wednesday. According to the channel, all corps commanders and principal staff officers will attend the conference.
Published 11 Sep, 2008 12:00am

FOB Gulf soy mostly steady, corn higher

US FOB Gulf soybean basis offers were mostly steady on Tuesday, supported by tight supplies, while corn were steady to higher, traders said. Exporters were not offering soy shipments through first-half October due to tight supplies. Traders said soybeans
Published 11 Sep, 2008 12:00am

Good practices for doing business: Pakistan ahead of India and Bangladesh

Pakistan ranks 77 in good practices applied for doing business as compared to Bangladesh and India that rank 110 and 122 respectively, a World Bank report revealed. According to the report, there are 10 indicators for measuring the good practices applied
Published 11 Sep, 2008 12:00am

Canadian canola futures weaker

Canadian canola futures were weaker on Tuesday as world vegetable oil markets declined, hedges began picking up, and buyers backed off, traders said. "I think we're starting to see a little more harvest pressure coming into the market," a trader said, not
Published 11 Sep, 2008 12:00am

Good practices for doing business: Pakistan ahead of India and Bangladesh

Pakistan ranks 77 in good practices applied for doing business as compared to Bangladesh and India that rank 110 and 122 respectively, a World Bank report revealed. According to the report, there are 10 indicators for measuring the good practices applied
Published 11 Sep, 2008 12:00am

Romania sells 100,000 tonnes wheat to Iraq

Grain trader East Point and a Romanian company jointly sold 100,000 tonnes of Romanian wheat to Iraq, in one of the European Union's rare grain deliveries to the Arab country, a trade source said on Wednesday. Iraq, one of the world's leading wheat import
Published 11 Sep, 2008 12:00am

Good practices for doing business: Pakistan ahead of India and Bangladesh

Pakistan ranks 77 in good practices applied for doing business as compared to Bangladesh and India that rank 110 and 122 respectively, a World Bank report revealed. According to the report, there are 10 indicators for measuring the good practices applied
Published 11 Sep, 2008 12:00am

US wheat futures lower

US wheat futures closed lower on Tuesday, with Chicago Board of Trade prices falling to fresh one-year lows on technical selling and pressure from an expected record-large global wheat crop, traders said. At the CBOT, September soft red winter wheat fell
Published 11 Sep, 2008 12:00am

At least 20 killed in Dir grenade attack

At least 20 worshippers were killed and dozens wounded when suspected militants hurled grenades into a mosque in NWFP during Wednesday evening prayers, an official said. "So far 20 people are confirmed dead and over 35 wounded in the grenade attack by unk
Published 11 Sep, 2008 12:00am

Vietnam rice prices fall

Vietnam will not put a monthly ceiling on rice export volumes for the rest of the year to achieve its full-year target to ship at least 4.5 million tonnes because overseas demand remains weak as buyers await price falls. Deputy Prime Minister Hoang Trung
Published 11 Sep, 2008 12:00am

At least 20 killed in Dir grenade attack

At least 20 worshippers were killed and dozens wounded when suspected militants hurled grenades into a mosque in NWFP during Wednesday evening prayers, an official said. "So far 20 people are confirmed dead and over 35 wounded in the grenade attack by unk
Published 11 Sep, 2008 12:00am

High local prices to cut Indian sugar exports further

India's sugar exports in the next crop year are likely to fall below earlier forecasts of 1 million tonnes because of rising local prices, which have prompted a coastal refinery to import raws, traders and mill owners said. Exports from India, the world's
Published 11 Sep, 2008 12:00am

Federal cabinet to be expanded

Around three dozens new ministers and ministers of state are expected to be inducted in the federal cabinet after the government has accepted the resignations of the PML (N) ministers. Informed sources told Business Recorder that a lion's share in
Published 11 Sep, 2008 12:00am

Good turn over observed on cotton market

Good trading was seen on the cotton market on Wednesday as mills and exporters continued forward buying, dealers said. The official spot rate was unchanged at Rs 4100, they said. Phutti prices in Sindh were unchanged at Rs 1900-1925 for the third session
Published 11 Sep, 2008 12:00am

Federal cabinet to be expanded

Around three dozens new ministers and ministers of state are expected to be inducted in the federal cabinet after the government has accepted the resignations of the PML (N) ministers. Informed sources told Business Recorder that a lion's share in
Published 11 Sep, 2008 12:00am

Kenyan coffee prices lower

Kenyan coffee prices were down sharply this week on the back of lower New York prices, market participants said on Tuesday. The average price for the 14,715 bags on offer dropped to $176.21 per 50-kg bag from last week's $188.66.
Published 11 Sep, 2008 12:00am

Soomro, Dogar, military top brass meet President

Different political and government dignitaries on Wednesday called on President Asif Ali Zardari at Aiwan-e-Sadr and felicitated him for assuming the office of the President of Pakistan. These dignitaries include Chairman Senate, Mohammad mian Soomro, Spe
Published 11 Sep, 2008 12:00am

Tea items end higher on Jodia Bazaar

The trading in tea items ended higher on Jodia Bazaar here on Wednesday.
Published 11 Sep, 2008 12:00am

Government committed to fulfilling Quaid's dreams: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that the present government is committed to fulfilling the dreams of the country's founding father Quaid-e-Azam Muhammad Ali Jinnah.
Published 11 Sep, 2008 12:00am

Barley and wheat rates up in slow trade on grain market

Small business was seen on the grain market on Wednesday as most of the leading participants were on the sidelines due to corrective measures by the government to halt the unrealistic increase in the prices, dealers said.
Published 11 Sep, 2008 12:00am

Zardari concerned over economic conditions: resignations of PML-N ministers accepted

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani have decided to accept the resignations of Pakistan Muslim League (PML-N) ministers and the cabinet will soon be reshuffled to induct new ministers. This decision was taken in a meeting
Published 11 Sep, 2008 12:00am

Thai rice prices higher

The benchmark rice price in world number one exporter Thailand rose 2 percent from last week, exporters said on Wednesday, citing strong demand from Japan and the Middle East. The median price for 100 percent B grade white rice quoted by exporters rose fo
Published 11 Sep, 2008 12:00am

Zardari concerned over economic conditions: resignations of PML-N ministers accepted

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani have decided to accept the resignations of Pakistan Muslim League (PML-N) ministers and the cabinet will soon be reshuffled to induct new ministers. This decision was taken in a meeting
Published 11 Sep, 2008 12:00am

India's copper demand growth to fall

Growth in India's copper demand is expected to fall to 8-9 percent in the year to end-March as a slowing economy and higher interest rates drag on the housing and appliance sectors, the India head of an international trade body said.
Published 11 Sep, 2008 12:00am

Government gets $500 million offer against securitisation of remittances

The government has received Saudi American Bank and Al Raji Group''s offer to provide Pakistan 500 million dollar against sercurtisation of remittances. Al Raji Group manages a major portion of Pakistan''s remittances and Saudi American Bank owns Cres Ban
Published 11 Sep, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 27	278.47
USD PKR Interbank Buying / Dec 27	278.22
USD to Japanese Yen / Dec 27	157.88
USD to Swiss Franc / Dec 27	0.90
Pound Sterling to USD / Dec 27	1.25
Euro to USD / Dec 27	1.04

Stock	Volume
S&P 500 / Dec 26	6,037.59
Nasdaq / Dec 26	20,020.36
Dow Jones / Dec 26	43,325.80
India Sensex / Dec 27	78,791.05
Tokyo Nikkei / Dec 27	40,281.16
Hang Seng / Dec 27	20,096.01
FTSE 100 / Dec 27	8,137.45
Germany DAX 30 / Dec 27	19,830.60

Item	Value
Gold 10 Grams PKR / Dec 26	234,911.70
Petrol/Litre / Dec 27	252.10
Crude Oil USD/Barrel / Dec 27	69.54
Karachi Cotton PKR/37.32 KG / Dec 27	17,785
Gold Spot USD/Ounce / Dec 27	2,634.16
Diesel/Litre / Dec 27	255.38

Stock	Price
First Capital Equities / Dec 27 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Chenab Ltd (Pref) / Dec 27 Chenab Limited (Pref)(CLCPS)	4.50 ▲ 0.60 (15.38%)
Sec. Inv. Bank / Dec 27 Security Investment Bank Limited(SIBL)	7.99 ▲ 1.00 (14.31%)
786 Invest Ltd / Dec 27 786 Investments Limited(786)	8.15 ▲ 1.00 (13.99%)
Chenab Ltd / Dec 27 Chenab Limited(CHBL)	9.61 ▲ 1.00 (11.61%)
Next Capital / Dec 27 Next Capital Limited(NEXT)	10.90 ▲ 1.00 (10.10%)
Image Pakistan / Dec 27 Image Pakistan Limited(IMAGE)	20.31 ▲ 1.85 (10.02%)
Baba Farid Sugar / Dec 27 Baba Farid Sugar Mills Limited(BAFS)	53.08 ▲ 4.83 (10.01%)
Biafo Ind. / Dec 27 Biafo Industries Limited(BIFO)	208.88 ▲ 18.99 (10.00%)

Stock	Price
Burj Clean Energy Modaraba / Dec 27 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.10 ▼ -1.00 (-10.99%)
Blue-Ex Ltd / Dec 27 Blue-Ex Limited (GEM)(GEMBLUEX)	40.15 ▼ -4.46 (-10.00%)
Al-Khair Gadoon / Dec 27 Al-Khair Gadoon Limited(AKGL)	41.71 ▼ -4.63 (-9.99%)
Leiner Pak Gelat / Dec 27 Leiner Pak Gelatine Limited(LPGL)	131 ▼ -14.19 (-9.77%)
Jauharabad Sug / Dec 27 Jauharabad Sugar Mills Limited(JSML)	21 ▼ -2.10 (-9.09%)
Aruj Industries / Dec 27 Aruj Industries Limited(ARUJ)	8.62 ▼ -0.86 (-9.07%)
First Imrooz Mod. / Dec 27 First Imrooz Modaraba(FIMM)	200.20 ▼ -19.80 (-9.00%)
MithchellsFruit / Dec 27 Mitchells Fruit Farms Limited(MFFL)	243 ▼ -23.05 (-8.66%)
Grays Leasing / Dec 27 Grays Leasing Limited(GRYL)	5.71 ▼ -0.48 (-7.75%)

Stock	Volume
Fauji Foods Ltd / Dec 27 Fauji Foods Limited(FFL)	104,369,036 ▲ 0.78
WorldCall Telecom / Dec 27 Worldcall Telecom Limited(WTL)	72,731,608 ▲ 0.00
TRG Pak Ltd / Dec 27 TRG Pakistan Limited(TRG)	46,907,628 ▲ 1.54
Cnergyico PK / Dec 27 Cnergyico PK Limited(CNERGY)	40,110,243 ▲ 0.30
Hascol Petrol / Dec 27 Hascol Petroleum Limited(HASCOL)	34,416,789 ▲ 0.06
B.O.Punjab / Dec 27 The Bank of Punjab(BOP)	30,318,392 ▲ 0.04
Ghani Chem. Ind. / Dec 27 Ghani Chemical Industries Limited(GCIL)	26,183,062 ▲ 0.50
Sui South Gas / Dec 27 Sui Southern Gas Company Limited(SSGC)	25,823,481 ▲ 3.11
Silk Bank Ltd / Dec 27 Silkbank Limited(SILK)	25,520,925 ▼ -0.08

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