News Archives for Print - 2008-09-16

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Load shedding shrinks trade, industrial activity to 20 percent

The rampant electricity load shedding by 12-16 hours a day in the city has shrunk the trade and commercial activities to 20 percent, whereas small and medium production units are facing financial crunch and due to unavailability of electricity have scaled

Published 16 Sep, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Load shedding shrinks trade, industrial activity to 20 percent

The rampant electricity load shedding by 12-16 hours a day in the city has shrunk the trade and commercial activities to 20 percent, whereas small and medium production units are facing financial crunch and due to unavailability of electricity have scaled

Published 16 Sep, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Load shedding shrinks trade, industrial activity to 20 percent

The rampant electricity load shedding by 12-16 hours a day in the city has shrunk the trade and commercial activities to 20 percent, whereas small and medium production units are facing financial crunch and due to unavailability of electricity have scaled

Published 16 Sep, 2008 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Fallout from financial crisis not over: IMF

Fallout from the global financial crisis is not over and more consolidation could occur in the financial sector, IMF Managing Director Dominique Strauss-Kahn said on Monday. "The consequences of the financial crisis are not over but . the root causes are

Published 16 Sep, 2008 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Bank of America to buy Merrill for $50 billion

Bank of America Corp said it agreed to buy Merrill Lynch & Co Inc in an all-stock deal worth $50 billion, snagging the world''s largest retail brokerage after one of the worst-ever weekends on Wall Street. The deal came after tense negotiations over the f

Published 16 Sep, 2008 12:00am

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Bank of America to buy Merrill for $50 billion

Bank of America Corp said it agreed to buy Merrill Lynch & Co Inc in an all-stock deal worth $50 billion, snagging the world's largest retail brokerage after one of the worst-ever weekends on Wall Street. The deal came after tense negotiations over the fa

Published 16 Sep, 2008 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Bank of America to buy Merrill for $50 billion

Bank of America Corp said it agreed to buy Merrill Lynch & Co Inc in an all-stock deal worth $50 billion, snagging the world's largest retail brokerage after one of the worst-ever weekends on Wall Street. The deal came after tense negotiations over the fa

Published 16 Sep, 2008 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Lehman files for bankruptcy

Lehman Brothers Holdings Inc filed for bankruptcy protection, after trying to finance too many risky assets with too little capital, making it the largest and highest-profile casualty of the global credit crisis. Based on its assets at the time of filing,

Published 16 Sep, 2008 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Lehman files for bankruptcy

Lehman Brothers Holdings Inc filed for bankruptcy protection, after trying to finance too many risky assets with too little capital, making it the largest and highest-profile casualty of the global credit crisis. Based on its assets at the time of filing,

Published 16 Sep, 2008 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Lehman files for bankruptcy

Lehman Brothers Holdings Inc filed for bankruptcy protection, after trying to finance too many risky assets with too little capital, making it the largest and highest-profile casualty of the global credit crisis. Based on its assets at the time of filing,

Published 16 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 Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

CCP allowed to proceed against PBA

The Supreme Court on Monday allowed the Competition Commission of Pakistan (CCP) to proceed against Pakistan Banks Association (PBA) in accordance with the law, on its appeal against a Sindh High Court (SHC) order that restrained it from taking punitive a

Published 16 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 Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

CCP allowed to proceed against PBA

The Supreme Court on Monday allowed the Competition Commission of Pakistan (CCP) to proceed against Pakistan Banks Association (PBA) in accordance with the law, on its appeal against a Sindh High Court (SHC) order that restrained it from taking punitive a

Published 16 Sep, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

CCP allowed to proceed against PBA

The Supreme Court on Monday allowed the Competition Commission of Pakistan (CCP) to proceed against Pakistan Banks Association (PBA) in accordance with the law, on its appeal against a Sindh High Court (SHC) order that restrained it from taking punitive a

Published 16 Sep, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Pakistan out of default risk: SBP''s claim

Apropos a news item "Pakistan out of default risk" carried by Business Recorder on Monday, State Bank of Pakistan claims that the news item inaccurately quotes the Governor, State Bank of Pakistan and aims to implicate her in political controversy.

Published 16 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 Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Pakistan out of default risk: SBP's claim

Apropos a news item "Pakistan out of default risk" carried by Business Recorder on Monday, State Bank of Pakistan claims that the news item inaccurately quotes the Governor, State Bank of Pakistan and aims to implicate her in political controversy.

Published 16 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 Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Pakistan out of default risk: SBP's claim

Apropos a news item "Pakistan out of default risk" carried by Business Recorder on Monday, State Bank of Pakistan claims that the news item inaccurately quotes the Governor, State Bank of Pakistan and aims to implicate her in political controversy.

Published 16 Sep, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

Fertiliser project at advanced stage of construction: Rs 40 billion invested

Fatima Fertiliser Company Limited (a joint venture of Fatima Group having industrial experience of more than 50 years and Arif Habib Group with strong experience in financial services sector in Pakistan) is said to be implementing a fully integrated (NP,

Published 16 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 16 Sep, 2008 12:00am

Fertiliser project at advanced stage of construction: Rs 40 billion invested

Fatima Fertiliser Company Limited (a joint venture of Fatima Group having industrial experience of more than 50 years and Arif Habib Group with strong experience in financial services sector in Pakistan) is said to be implementing a fully integrated (NP,

Published 16 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 16 Sep, 2008 12:00am

Fertiliser project at advanced stage of construction: Rs 40 billion invested

Fatima Fertiliser Company Limited (a joint venture of Fatima Group having industrial experience of more than 50 years and Arif Habib Group with strong experience in financial services sector in Pakistan) is said to be implementing a fully integrated (NP,

Published 16 Sep, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (September 15, 2008).

Published 16 Sep, 2008 12:00am

US-led troops bid to cross into Pakistani territory foiled

The US-led coalition troops, based in Afghanistan, tried to cross into a Pakistani tribal area in helicopters, but were repelled after warning shots were fired, local officials said on Monday. The incident happened about 100 metres (yards) from South Wazi

Published 16 Sep, 2008 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 Sep, 2008 12:00am

US-led troops bid to cross into Pakistani territory foiled

The US-led coalition troops, based in Afghanistan, tried to cross into a Pakistani tribal area in helicopters, but were repelled after warning shots were fired, local officials said on Monday. The incident happened about 100 metres (yards) from South Wazi

Published 16 Sep, 2008 12:00am

JCR-VIS Star Ranking for closed-end stock funds

JCR-VIS Credit Rating Company Limited has assessed the fund performance ranking of closed-end stock funds for the one-year and two-year periods ended June 30, 2008. Two-year rankings are based on average performance over the period and the peer group only

Published 16 Sep, 2008 12:00am

CNG prices fixation: Ogra reluctant to give data to CCP

Oil and Gas Regulatory Authority (Ogra) is reluctant to provide necessary evidence of curtailment of CNG station associations, which has formed basis for the Competition Commission of Pakistan (CCP) to finalise investigation against the associations.

Published 16 Sep, 2008 12:00am

JCR-VIS Star Ranking for closed-end stock funds

JCR-VIS Credit Rating Company Limited has assessed the fund performance ranking of closed-end stock funds for the one-year and two-year periods ended June 30, 2008. Two-year rankings are based on average performance over the period and the peer group only

Published 16 Sep, 2008 12:00am

CNG prices fixation: Ogra reluctant to give data to CCP

Oil and Gas Regulatory Authority (Ogra) is reluctant to provide necessary evidence of curtailment of CNG station associations, which has formed basis for the Competition Commission of Pakistan (CCP) to finalise investigation against the associations.

Published 16 Sep, 2008 12:00am

Thousands flee heavy Darfur fighting

Thousands of villagers have been forced to flee their homes after more than a week of heavy clashes between Sudanese forces and rebels in North Darfur, aid sources said on Monday. Entire villages have been abandoned after residents took shelter in surroun

Published 16 Sep, 2008 12:00am

CNG prices fixation: Ogra reluctant to give data to CCP

Oil and Gas Regulatory Authority (Ogra) is reluctant to provide necessary evidence of curtailment of CNG station associations, which has formed basis for the Competition Commission of Pakistan (CCP) to finalise investigation against the associations.

Published 16 Sep, 2008 12:00am

Former Bosnian Muslim army head gets three years

The former leader of Bosnia's Muslim army, Rasim Delic, was jailed for three years on Monday by the UN tribunal for the former Yugoslavia for allowing the torture of Bosnian Serb soldiers by Islamic foreign fighters. Judge Bakone Justice Moloto, citing th

Published 16 Sep, 2008 12:00am

Afia's son reaches Islamabad

Muhammad Ahmad, the son of Dr Aafia Siddiqui, reached Islamabad on Monday evening following his hand over to Pakistani diplomats by Afghan Government in Kabul. Muhammad Ahmad was later handed over to his family. Muhammad Ahmad reported missing since the d

Published 16 Sep, 2008 12:00am

Turkish ferry sinks; one killed

A ferry carrying 95 passengers and crew sank near Turkey's north-west port of Bandirma overnight, killing one person, the maritime authority said on Monday. Four people are missing. Fishermen joined rescue operations when the roll-on roll-off ferry, loade

Published 16 Sep, 2008 12:00am

Afia's son reaches Islamabad

Muhammad Ahmad, the son of Dr Aafia Siddiqui, reached Islamabad on Monday evening following his hand over to Pakistani diplomats by Afghan Government in Kabul. Muhammad Ahmad was later handed over to his family. Muhammad Ahmad reported missing since the d

Published 16 Sep, 2008 12:00am

Iran holds war games to test defences

Iran staged air defence exercises on Monday and said anyone attacking the Islamic Republic would regret it, Iranian news agencies reported. The manoeuvres took place on the day the United Nations' nuclear watchdog said an inquiry into Western allegations

Published 16 Sep, 2008 12:00am

Diesel price up Rs 3.50, petrol price down Rs 5

The government on Monday reduced petrol prices by Rs 5 per litre and revised diesel and kerosene prices upward by Rs 3.50 a litre. A formal notification of the new oil prices was issued by Oil and Gas Regulatory Authority (Ogra) late Monday night. The cha

Published 16 Sep, 2008 12:00am

Nepal's Prime Minister courts Indian investors

Nepal's new Maoist Premier Prachanda on Monday promised new business-friendly policies as he urged Indian companies to invest in agriculture, tourism and infrastructure in his impoverished nation. Prachanda, on his first visit here as prime minister, said

Published 16 Sep, 2008 12:00am

Diesel price up Rs 3.50, petrol price down Rs 5

The government on Monday reduced petrol prices by Rs 5 per litre and revised diesel and kerosene prices upward by Rs 3.50 a litre. A formal notification of the new oil prices was issued by Oil and Gas Regulatory Authority (Ogra) late Monday night. The cha

Published 16 Sep, 2008 12:00am

Ukraine exports grain

Ukraine's grain exports through Black Sea ports reached 625,000 tonnes in the first 10 days of September, a leading analyst said on Monday. UkrAgroConsult agriculture consultancy said in a statement the volume had included 440,000 tonnes of wheat, 183,000

Published 16 Sep, 2008 12:00am

Diesel price up Rs 3.50, petrol price down Rs 5

The government on Monday reduced petrol prices by Rs 5 per litre and revised diesel and kerosene prices upward by Rs 3.50 a litre. A formal notification of the new oil prices was issued by Oil and Gas Regulatory Authority (Ogra) late Monday night. The cha

Published 16 Sep, 2008 12:00am

CIF Gulf corn and soyabean values steady

US Gulf CIF corn and soyabean basis values were steady on Monday, with the pace of business slow amid the meltdown in financial markets, traders said. Investment bank Lehman Brothers has filed for bankruptcy protection, while brokerage Merrill Lynch agree

Published 16 Sep, 2008 12:00am

Money and energy saving plan discussed

The government is ready to take harsh steps under a national ''money and energy'' saving programme basically worked out for judicious use of indigenous available resources to reduce dependence on loans to a possible level. The programme envisages short an

Published 16 Sep, 2008 12:00am

Russia harvests 95.3 million tonnes grain

Russia has harvested 95.3 million tonnes of grain by bunker weight as of September 15, 21.3 million tonnes more than a year ago, the agriculture ministry said on Monday. The ministry said in a statement grains had been harvested from 36.1 million hectares

Published 16 Sep, 2008 12:00am

Money and energy saving plan discussed

The government is ready to take harsh steps under a national 'money and energy' saving programme basically worked out for judicious use of indigenous available resources to reduce dependence on loans to a possible level. The programme envisages short and

Published 16 Sep, 2008 12:00am

US Midwest corn steady; soyabeans flat

Spot basis bids for corn were mostly steady to firm around the US Midwest Monday, while the soyabean basis was mostly unchanged, grain dealers said. Farmer selling was expected to be slow today. Most farmers were not even calling in to processors and elev

Published 16 Sep, 2008 12:00am

Money and energy saving plan discussed

The government is ready to take harsh steps under a national 'money and energy' saving programme basically worked out for judicious use of indigenous available resources to reduce dependence on loans to a possible level. The programme envisages short and

Published 16 Sep, 2008 12:00am

Ukraine steel output rises

Ukraine's steel output rose to 29.864 million tonnes in January-August 2008 from 28.963 million in the same period in 2007, the State Statistics Committee said on Monday. It said pig iron output rose to 24.317 million tonnes from 24.072 million a year ear

Published 16 Sep, 2008 12:00am

AIG struggles to survive

Insurer American International Group struggled for survival a day after a financial tsunami overtook investment bank Lehman and forced the sale of rival Merrill Lynch in the biggest financial industry shake-up since the Great Depression.

Published 16 Sep, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 191,270 tonnes of cargo including 110,888 tonnes of import, 80,382 tonnes of export cargo and 3,624 loaded and empty containers (TEUs) during last 48 hours ending at 0700 hours on Monday.

Published 16 Sep, 2008 12:00am

AIG struggles to survive

Insurer American International Group struggled for survival a day after a financial tsunami overtook investment bank Lehman and forced the sale of rival Merrill Lynch in the biggest financial industry shake-up since the Great Depression.

Published 16 Sep, 2008 12:00am

LME copper futures higher for fourth day

London copper rose half a percent on Monday, building on a 5 percent rally in the second half of last week as dollar weakness, threats to production and tight Chinese supply won out over concerns about financial market stability. Copper shrugged off the t

Published 16 Sep, 2008 12:00am

AIG struggles to survive

Insurer American International Group struggled for survival a day after a financial tsunami overtook investment bank Lehman and forced the sale of rival Merrill Lynch in the biggest financial industry shake-up since the Great Depression.

Published 16 Sep, 2008 12:00am

India IOC buys first AngolaHungo by tender

State-run Indian Oil Corp (IOC) has bought around 2 million barrels of West African crude via its second tender for November, including its first cargo of Angolan Hungo crude, traders said on Monday. It bought a 950,000-barrel cargo of light sweet Nigeria

Published 16 Sep, 2008 12:00am

US bank accounts are safe: Paulson

Treasury Secretary Henry Paulson said Monday that the US banking system is "safe and sound" despite growing financial turmoil and that Americans can be confident that their accounts are safe. "Our banking system is a safe and a sound one," he said in a ra

Published 16 Sep, 2008 12:00am

Thai rubber exports returning to normal after strike

Thai rubber exports are getting back to normal after a 2-1/2-week disruption caused by rail strikes, but trading remains subdued as high prices are keeping buyers on the sidelines, exporters said on Monday. Rail unions that had disrupted services in suppo

Published 16 Sep, 2008 12:00am

US bank accounts are safe: Paulson

Treasury Secretary Henry Paulson said Monday that the US banking system is "safe and sound" despite growing financial turmoil and that Americans can be confident that their accounts are safe. "Our banking system is a safe and a sound one," he said in a ra

Published 16 Sep, 2008 12:00am

Gold and silver up over two percent

Gold and silver jumped more than 2 percent on Monday, with bullion gaining for a second day as Lehman Brothers' bankruptcy and anxiety over the stability of US financial markets spurred a rush toward safety. Lehman Brothers Holdings said it was filing for

Published 16 Sep, 2008 12:00am

Wall Street crisis hits stocks

Global stocks tumbled, with Wall Street marking its worst day since markets reopened after the attacks of September 11, 2001, and crude oil prices plunged on Monday as Lehman Brothers'' bankruptcy filing caused investors to bail out of risky assets. Inves

Published 16 Sep, 2008 12:00am

Oil falls towards $99 dollars in Asia

Oil tumbled below $100 a barrel to a six-month low on early signs that Hurricane Ike may have spared key Gulf Coast infrastructure, although traders were cautious on Monday as they awaited status reports on more Texas refineries.

Published 16 Sep, 2008 12:00am

Wall Street crisis hits stocks

Global stocks tumbled, with Wall Street marking its worst day since markets reopened after the attacks of September 11, 2001, and crude oil prices plunged on Monday as Lehman Brothers' bankruptcy filing caused investors to bail out of risky assets. Invest

Published 16 Sep, 2008 12:00am

India vegetable oils imports jump

India's imports of vegetable oils jumped 21 percent in August from a year ago due to higher consumption in an expanding economy, and purchases in the oil year to October are seen rising 9 percent, a trade body said. Imports ticked up from the previous mon

Published 16 Sep, 2008 12:00am

Wall Street crisis hits stocks

Global stocks tumbled, with Wall Street marking its worst day since markets reopened after the attacks of September 11, 2001, and crude oil prices plunged on Monday as Lehman Brothers' bankruptcy filing caused investors to bail out of risky assets. Invest

Published 16 Sep, 2008 12:00am

Indian sugar ends steady

Indian sugar futures were little changed on Monday afternoon, as bulk buyers returned to the spot market after prices had fallen more than 7 percent this month on higher supplies. Traders said demand was picking up ahead of festivals next month, but mille

Published 16 Sep, 2008 12:00am

India's silver imports seen surging

India will import around 300 tonnes of silver in September to meet heavy demand triggered by falling prices and forthcoming festivals, and consumption should remain strong until the end of the year, a trade body said. In a sign of just how much retail pur

Published 16 Sep, 2008 12:00am

US corn firms

US corn futures rose nearly 1 percent on Monday, after rising by the daily limit in the previous session, as investors stepped up buying following lower US crop estimates and growing worries about its banking sector.

Published 16 Sep, 2008 12:00am

Malaysian tin jumps

Malaysian tin surged 4.3 percent on Monday, boosted by strong gains in London Metal Exchange and rising demand, one dealer said.

Published 16 Sep, 2008 12:00am

Gas oil swaps soften on strong supply

Gas oil swaps fell on Monday, as high supplies persisted. But sentiment improved as drawdown in gas oil stocks in Europe re-ignited hopes of East-West arbitrage trades.

Published 16 Sep, 2008 12:00am

Malaysian palm oil at 15 month lows

Malaysian crude palm oil futures tumbled 5.9 percent on Monday to hit a 15-month low as crude oil fell further below the key $100-a-barrel milestone, dragging down other vegetable oils, traders said. Signs of weakening export demand from cargo surveyors w

Published 16 Sep, 2008 12:00am

Mid cocoa crop starts in Indonesia

Cocoa beans have begun arriving in Indonesia's main cocoa port of Makassar on Sulawesi island as the mid-crop starts, but heavy rains and the spread of a deadly fungal disease have damaged quality, industry sources said on Monday.

Published 16 Sep, 2008 12:00am

Mills, spinners remain active buyers on cotton market

Moderate trading was seen on the cotton market on Monday as mills and spinners continued forward buying to cover their needs, dealers said. The official spot rate was unchanged Rs 4000, they said. Phutti prices in Sindh were sharply higher at Rs 1925-1950

Published 16 Sep, 2008 12:00am

Kirana items mixed on Jodia Bazaar

The trading in Kirana items showed mixed trend on Jodia Bazaar here on Monday. The following changes were seen.

Published 16 Sep, 2008 12:00am

Low type sugar down by Rs 100 on grain market

Firm trend was seen on the grain market on Monday as several items maintained the weekend levels in process of trading, dealers said. On the cereals side, sugar low type lost Rs 100 to Rs 2900 and better type was down by Rs 50 to Rs 3250. Other sectors di

Published 16 Sep, 2008 12:00am

Indonesia says no exemption for Maybank in BII bid

Malaysia's biggest lender, Maybank's, proposed $2.7 billion bid for Bank Internasional Indonesia (BII) is set to collapse after Indonesia again rejected Maybank's request to be exempted from a new take-over rule.

Published 16 Sep, 2008 12:00am

Greece resilient, no room for fiscal slack: finance minister

Greece is weathering the financial and credit crisis better than its eurozone peers but there is little room for tax relief to cushion the blow, Finance Minister George Alogoskoufis said on Monday. "The real economy in Greece seems more resilient than oth

Published 16 Sep, 2008 12:00am

Singapore central bank likely to ease policy in October

Singapore's central bank will probably ease monetary policy in October to support the country's slowing economy, which may slump into a technical recession in the third quarter, Citigroup said on Monday. Citi economist Kit Wei Zheng said the Monetary Auth

Published 16 Sep, 2008 12:00am

Colonial agrees refinancing of debt

Troubled Spanish property firm Colonial said on Monday it had reached an agreement with its creditor banks to refinance a total of around 7 billion euros of debt. A syndicated loan for 6.5 billion euros ($9.11 billion) would be converted into a long-term

Published 16 Sep, 2008 12:00am

Rising prices in Italy boost counterfeit goods industry

Rising prices and weaker purchasing power caused the value of counterfeit goods in Italy to rise by four percent this year to 7.5 billion euros, a trade association said Monday. In a new report, Confcommercio - an Italian retailers' association with 820,0

Published 16 Sep, 2008 12:00am

China getting higher marks for tackling piracy

The man who was selling fake Rolex watches for $1 in Beijing's Forbidden City the other day is hardly an endangered species, but China is quietly starting to win plaudits for its efforts to protect intellectual property.

Published 16 Sep, 2008 12:00am

Lithuania Prime Minister sticks to growth call, sees no recession

Lithuania's Prime Minister sees no danger of recession and expects its economy to grow 5.5 percent this year and 4 percent in 2009, he said on Monday. Lithuania's growth will decelerate at a slower pace than the other two Baltic states of Latvia and Eston

Published 16 Sep, 2008 12:00am

Manila's main tax agency says to miss 2008 goal

The Philippines' main tax agency will likely miss its 2008 revenue goal by 5 percent mainly due to a new law exempting minimum wage earners from income tax payments, official documents showed on Monday. Slower than expected economic growth this year would

Published 16 Sep, 2008 12:00am

Alitalia scrambles for union deal to avert collapse

Alitalia's biggest unions clinched an initial deal with the airline's potential buyers on Monday, raising hopes it could avoid collapse, but pilots balked and flights risked being grounded for a lack of cash to buy fuel.

Published 16 Sep, 2008 12:00am

China eases policy decisively to support economy

China's central bank acted decisively on Monday to prop up the country's slowing economy by cutting the cost of bank loans for the first time since February 2002. Against a background of acute stress in global financial markets, the People's Bank of China

Published 16 Sep, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 12	278
USD PKR Interbank Buying / Nov 12	277.75
USD to Japanese Yen / Nov 12	153.83
USD to Swiss Franc / Nov 12	0.88
Pound Sterling to USD / Nov 12	1.28
Euro to USD / Nov 12	1.06

Stock	Volume
S&P 500 / Nov 11	6,001.35
Nasdaq / Nov 11	19,298.77
Dow Jones / Nov 11	44,293.13
India Sensex / Nov 12	78,930.71
Tokyo Nikkei / Nov 12	39,376.09
Hang Seng / Nov 12	19,825.28
FTSE 100 / Nov 12	8,078.78
Germany DAX 30 / Nov 12	19,259.41

Item	Value
Crude Oil USD/Barrel / Nov 12	68.03
Karachi Cotton PKR/37.32 KG / Nov 12	18,085
Gold 10 Grams PKR / Nov 12	231,911
Gold Spot USD/Ounce / Nov 12	2,600.75
Cotton US¢/pound / Nov 12	72.18
Petrol/Litre / Nov 13	248.38

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	98,601,408 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	78,094,188 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	70,187,495 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	31,959,599 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	30,732,112 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	25,361,739 ▲ 0.00
Citi Pharma Ltd / Nov 13 Citi Pharma Ltd.(CPHL)	22,856,315 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	22,691,678 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	16,427,996 ▲ 0.00

Most Popular