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Print - 2008-09-28
South Korea to inject $10 billion into swap market

South Korea to inject $10 billion into swap market

South Korea said on Friday it would inject $10 billion or more into the swap market over the next several weeks to ease a persistent dollar-funding squeeze in the face of lingering doubts about an early end to the global financial turbulence.
Published 28 Sep, 2008 12:00am
McCain, Obama focus on economy and war in first debate

McCain, Obama focus on economy and war in first debate

Republican John McCain and Democrat Barack Obama focused on the economy in the shadow of the US financial crisis in a first presidential debate that also crackled with sharp disputes over Iraq and terrorism. While snap opinion polls made Obama an easy win
Published 28 Sep, 2008 12:00am
Mobile phone subscriptions to reach four billion by year-end

Mobile phone subscriptions to reach four billion by year-end

The number of mobile phone subscriptions in the world will reach four billion by the end of the year driven by growth in developing economies, the International Telecommunications Union said Friday. "Since the turn of the century, the growth of mobile cel
Published 28 Sep, 2008 12:00am
High oil prices unjustified, worrisome: Kuwaiti Prime Minister

High oil prices unjustified, worrisome: Kuwaiti Prime Minister

Opec oil producer Kuwait believes the big rise in oil prices is "unjustified" but beyond the control of producers, the country's prime minister told the UN General Assembly on Thursday. "The unjustified rise in prices, which is a source of concern, is cau
Published 28 Sep, 2008 12:00am
Turkey's trade deficit widens

Turkey's trade deficit widens

Turkey's trade deficit widened by a larger-than-expected 37 percent from a year earlier to $8.142 billion in August, Turkish Statistics Institute data showed on Friday. The deficit surpassed economists' consensus forecast of $7.5 billion as exports rose 2
Published 28 Sep, 2008 12:00am
Rotting teeth photos added to cigarette packs

Rotting teeth photos added to cigarette packs

Gruesome pictures of rotting teeth and throat cancer tumours will appear on all tobacco products in Britain from next month as the government steps up its campaign to encourage the country's 10 million smokers to quit. The images will be printed on the ba
Published 28 Sep, 2008 12:00am
'Doha round may take additional three years'

'Doha round may take additional three years'

The long-running Doha round of trade talks may take an additional two or three years to be concluded if world leaders fail to reach a breakthrough this year, Brazil's Foreign Minister Celso Amorim warned on Thursday.
Published 28 Sep, 2008 12:00am
Italian police bust Chinese imports in operation 'Toxic Shoes'

Italian police bust Chinese imports in operation 'Toxic Shoes'

Italian police said Friday they had confiscated some 1.7 million counterfeit shoes made with leather containing illegal toxins, most of them from China. Operation "Toxic Shoes" began in May and 21 Chinese and seven Italians are now being prosecuted for se
Published 28 Sep, 2008 12:00am
Naveed not hopeful of any quick financial support

Naveed not hopeful of any quick financial support

Federal Finance Minister Syed Naveed Qamar is not hopeful of any quick financial support by the Friends of Pakistan who met on Friday here in the UN Building. "We have just succeeded in bringing them at one table and apprising them Pakistan''s woes and pr
Published 28 Sep, 2008 12:00am
Naveed not hopeful of any quick financial support

Naveed not hopeful of any quick financial support

Federal Finance Minister Syed Naveed Qamar is not hopeful of any quick financial support by the Friends of Pakistan who met on Friday here in the UN Building. "We have just succeeded in bringing them at one table and apprising them Pakistan's woes and pro
Published 28 Sep, 2008 12:00am
Naveed not hopeful of any quick financial support

Naveed not hopeful of any quick financial support

Federal Finance Minister Syed Naveed Qamar is not hopeful of any quick financial support by the Friends of Pakistan who met on Friday here in the UN Building. "We have just succeeded in bringing them at one table and apprising them Pakistan's woes and pro
Published 28 Sep, 2008 12:00am
''Political will'' crucial to tax reforms: World Bank

''Political will'' crucial to tax reforms: World Bank

The World Bank has conveyed to the Federal Board of Revenue that ''political will'' is crucial to tax reforms in Pakistan, as lack of political backing is hampering reforms in tax administration. Sources told Business Recorder on Saturday that the
Published 28 Sep, 2008 12:00am
'Political will' crucial to tax reforms: World Bank

'Political will' crucial to tax reforms: World Bank

The World Bank has conveyed to the Federal Board of Revenue that 'political will' is crucial to tax reforms in Pakistan, as lack of political backing is hampering reforms in tax administration. Sources told Business Recorder on Saturday that the Wo
Published 28 Sep, 2008 12:00am
'Political will' crucial to tax reforms: World Bank

'Political will' crucial to tax reforms: World Bank

The World Bank has conveyed to the Federal Board of Revenue that 'political will' is crucial to tax reforms in Pakistan, as lack of political backing is hampering reforms in tax administration. Sources told Business Recorder on Saturday that the Wo
Published 28 Sep, 2008 12:00am
China''s Prime Minister calls for global cooperation

China''s Prime Minister calls for global cooperation

China''s Prime Minister Wen Jiabao Saturday called for international co-operation to resolve the global financial crisis, saying China''s contribution would be to maintain its own economic stability. "All countries must strengthen their co-operation. They
Published 28 Sep, 2008 12:00am
China's Prime Minister calls for global cooperation

China's Prime Minister calls for global cooperation

China's Prime Minister Wen Jiabao Saturday called for international co-operation to resolve the global financial crisis, saying China's contribution would be to maintain its own economic stability. "All countries must strengthen their co-operation. They m
Published 28 Sep, 2008 12:00am
China's Prime Minister calls for global cooperation

China's Prime Minister calls for global cooperation

China's Prime Minister Wen Jiabao Saturday called for international co-operation to resolve the global financial crisis, saying China's contribution would be to maintain its own economic stability. "All countries must strengthen their co-operation. They m
Published 28 Sep, 2008 12:00am
Bankers downbeat on economic impact of crisis

Bankers downbeat on economic impact of crisis

Senior bankers delivered a gloomy message on the global economy on Saturday, with one calling the current financial crisis the worst since the Great Depression and another saying that the US consumer is "toast". The comments, made at a meeting of the Worl
Published 28 Sep, 2008 12:00am
Bankers downbeat on economic impact of crisis

Bankers downbeat on economic impact of crisis

Senior bankers delivered a gloomy message on the global economy on Saturday, with one calling the current financial crisis the worst since the Great Depression and another saying that the US consumer is "toast". The comments, made at a meeting of the Worl
Published 28 Sep, 2008 12:00am
Bankers downbeat on economic impact of crisis

Bankers downbeat on economic impact of crisis

Senior bankers delivered a gloomy message on the global economy on Saturday, with one calling the current financial crisis the worst since the Great Depression and another saying that the US consumer is "toast". The comments, made at a meeting of the Worl
Published 28 Sep, 2008 12:00am
Greenspan, Shultz argue for quick bailout action

Greenspan, Shultz argue for quick bailout action

Former Federal Reserve Chairman Alan Greenspan and former Treasury Secretary George Shultz urged lawmakers on Friday to move swiftly to agree on a bailout package for financial firms in the interests of the broader economy.
Published 28 Sep, 2008 12:00am
AGP to conduct FBR audit from October 1

AGP to conduct FBR audit from October 1

Auditor General of Pakistan has decided to conduct the audit of revenue receipts and accounts of the Federal Board of Revenue (FBR) including its field formations for fiscal year (2007-2008) from October 1, 2008. Sources told Business Recorder on S
Published 28 Sep, 2008 12:00am
The Weather

The Weather

The weather report on Saturday (September 27, 2008) and the forecast for Sunday (September 28, 2008).

Published 28 Sep, 2008 12:00am
AGP to conduct FBR audit from October 1

AGP to conduct FBR audit from October 1

Auditor General of Pakistan has decided to conduct the audit of revenue receipts and accounts of the Federal Board of Revenue (FBR) including its field formations for fiscal year (2007-2008) from October 1, 2008. Sources told Business Recorder on S
Published 28 Sep, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from September 29, 2008.

Published 28 Sep, 2008 12:00am
AGP to conduct FBR audit from October 1

AGP to conduct FBR audit from October 1

Auditor General of Pakistan has decided to conduct the audit of revenue receipts and accounts of the Federal Board of Revenue (FBR) including its field formations for fiscal year (2007-2008) from October 1, 2008. Sources told Business Recorder on S
Published 28 Sep, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from September 29, 2008.

Published 28 Sep, 2008 12:00am
Foreign investors withdraw $3.681 million from KSE

Foreign investors withdraw $3.681 million from KSE

Foreign investors opted to offload their holdings and withdrew $3.681 million from the Karachi share market during the outgoing week that ended on September 25, 2008. According to National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative
Published 28 Sep, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from September 29, 2008.

Published 28 Sep, 2008 12:00am
Foreign investors withdraw $3.681 million from KSE

Foreign investors withdraw $3.681 million from KSE

Foreign investors opted to offload their holdings and withdrew $3.681 million from the Karachi share market during the outgoing week that ended on September 25, 2008. According to National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative
Published 28 Sep, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Foreign investors withdraw $3.681 million from KSE

Foreign investors withdraw $3.681 million from KSE

Foreign investors opted to offload their holdings and withdrew $3.681 million from the Karachi share market during the outgoing week that ended on September 25, 2008. According to National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative
Published 28 Sep, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (September 27, 2008) and for Sunday (September 28, 2008).
Published 28 Sep, 2008 12:00am
Zardari denies Pak-US gunfire exchange

Zardari denies Pak-US gunfire exchange

President Asif Ali Zardari has denied that American and Pakistani forces exchanged fire along the Pak-Afghan border this week, even as the chairman of the US Joint Chiefs of Staff acknowledged that the two sides engaged in a brief firefight.
Published 28 Sep, 2008 12:00am
Zardari denies Pak-US gunfire exchange

Zardari denies Pak-US gunfire exchange

President Asif Ali Zardari has denied that American and Pakistani forces exchanged fire along the Pak-Afghan border this week, even as the chairman of the US Joint Chiefs of Staff acknowledged that the two sides engaged in a brief firefight.
Published 28 Sep, 2008 12:00am
Obama vows to 'take out' terror targets in Pakistan

Obama vows to 'take out' terror targets in Pakistan

Democratic White House contender Barack Obama said on Friday he would launch military strikes on extremist targets inside Pakistan if Islamabad is unwilling or unable to act. At their first presidential debate, Obama's Republican opponent John McCain said
Published 28 Sep, 2008 12:00am
Obama vows to 'take out' terror targets in Pakistan

Obama vows to 'take out' terror targets in Pakistan

Democratic White House contender Barack Obama said on Friday he would launch military strikes on extremist targets inside Pakistan if Islamabad is unwilling or unable to act. At their first presidential debate, Obama's Republican opponent John McCain said
Published 28 Sep, 2008 12:00am
US approves $1 billion in arms sales: Pakistan to get Cobra helicopters

US approves $1 billion in arms sales: Pakistan to get Cobra helicopters

The US Defence Department has approved sales of radar and aircraft upgrades, missiles and other equipment valued at $1.01 billion to four US allies including Pakistan, a private TV channel reported on Saturday. Quoting the Pentagon's Defence Security Co-o
Published 28 Sep, 2008 12:00am
US approves $1 billion in arms sales: Pakistan to get Cobra helicopters

US approves $1 billion in arms sales: Pakistan to get Cobra helicopters

The US Defence Department has approved sales of radar and aircraft upgrades, missiles and other equipment valued at $1.01 billion to four US allies including Pakistan, a private TV channel reported on Saturday. Quoting the Pentagon's Defence Security Co-o
Published 28 Sep, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Bangash, Toori tribes agree to truce in Kurram

Bangash, Toori tribes agree to truce in Kurram

Bangash and Toori tribes on Saturday announced an interim cease-fire after months of clashes killed more than 500 people and wounded hundreds more. Tribal elders from the rival Bangash and Toori brokered the truce in a meeting arranged by the top administ
Published 28 Sep, 2008 12:00am
Bangash, Toori tribes agree to truce in Kurram

Bangash, Toori tribes agree to truce in Kurram

Bangash and Toori tribes on Saturday announced an interim cease-fire after months of clashes killed more than 500 people and wounded hundreds more. Tribal elders from the rival Bangash and Toori brokered the truce in a meeting arranged by the top administ
Published 28 Sep, 2008 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
PPP workers in a heated argument with Haqqani

PPP workers in a heated argument with Haqqani

Local PPP workers took Pakistan's ambassador to US, Hussain Haqqani to task for not allowing display of banner of their slain leader Benazir Bhutto at an Iftar-dinner at a local hotel here on Friday. President Asif Ali Zardari attended the Iftar-dinner bu
Published 28 Sep, 2008 12:00am
PPP workers in a heated argument with Haqqani

PPP workers in a heated argument with Haqqani

Local PPP workers took Pakistan's ambassador to US, Hussain Haqqani to task for not allowing display of banner of their slain leader Benazir Bhutto at an Iftar-dinner at a local hotel here on Friday. President Asif Ali Zardari attended the Iftar-dinner bu
Published 28 Sep, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Chrysler to cut 1,000 jobs

Chrysler to cut 1,000 jobs

Chrysler LLC has resorted to firing 250 salaried workers in order to meet targeted job reductions as it shrinks its struggling US operations, the automaker said Friday. "There are involuntary separations underway," Chrysler spokeswoman Shawn Morgan told A
Published 28 Sep, 2008 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
IMF head urges tighter control of financial markets

IMF head urges tighter control of financial markets

The IMF needs to tighten its control over financial markets following the global economic crisis, its managing director Dominique Strauss-Kahn said in an interview due to be published on Sunday. He said the IMF was "ready to do what is required if we are
Published 28 Sep, 2008 12:00am
Government will focus more on privatisation policy: Gilani

Government will focus more on privatisation policy: Gilani

Prime Minister Syed Yousuf Raza Gilani on Saturday said the government will focus more on privatisation policy, which has been initiated with the sale of a fertiliser factory.Addressing the business community at Iftar dinner hosted by Sindh Governor Dr Is
Published 28 Sep, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Government will focus more on privatisation policy: Gilani

Government will focus more on privatisation policy: Gilani

Prime Minister Syed Yousuf Raza Gilani on Saturday said the government will focus more on privatisation policy, which has been initiated with the sale of a fertiliser factory.Addressing the business community at Iftar dinner hosted by Sindh Governor Dr Is
Published 28 Sep, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Government will focus more on privatisation policy: Gilani

Government will focus more on privatisation policy: Gilani

Prime Minister Syed Yousuf Raza Gilani on Saturday said the government will focus more on privatisation policy, which has been initiated with the sale of a fertiliser factory.Addressing the business community at Iftar dinner hosted by Sindh Governor Dr Is
Published 28 Sep, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
UK in talks on B&B rescue, nationalisation threat

UK in talks on B&B rescue, nationalisation threat

Regulators and politicians were in talks over the future of troubled lender Bradford & Bingley on Saturday, raising the prospect that a second British bank could be nationalised.
Published 28 Sep, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
UK in talks on B&B rescue, nationalisation threat

UK in talks on B&B rescue, nationalisation threat

Regulators and politicians were in talks over the future of troubled lender Bradford & Bingley on Saturday, raising the prospect that a second British bank could be nationalised.
Published 28 Sep, 2008 12:00am
UK in talks on B&B rescue, nationalisation threat

UK in talks on B&B rescue, nationalisation threat

Regulators and politicians were in talks over the future of troubled lender Bradford & Bingley on Saturday, raising the prospect that a second British bank could be nationalised.
Published 28 Sep, 2008 12:00am
US Congress races to reach bailout deal before Monday

US Congress races to reach bailout deal before Monday

The US Congress raced to strike a deal on a proposed $700 billion bailout of the financial industry in an intense weekend negotiating session aimed at alleviating the worst financial crisis since the Great Depression.
Published 28 Sep, 2008 12:00am
THE RUPEE: dollar unchanged on interbank market

THE RUPEE: dollar unchanged on interbank market

Steady trend was seen on the interbank market on Saturday as the rupee did not show any change against dollar for buying and selling at 78.15 and 78.20, currency analysts added. Good supply of dollars helped the rupee to retain its overnight level versus
Published 28 Sep, 2008 12:00am
US Congress races to reach bailout deal before Monday

US Congress races to reach bailout deal before Monday

The US Congress raced to strike a deal on a proposed $700 billion bailout of the financial industry in an intense weekend negotiating session aimed at alleviating the worst financial crisis since the Great Depression.
Published 28 Sep, 2008 12:00am
THE RUPEE: dollar unchanged on interbank market

THE RUPEE: dollar unchanged on interbank market

Steady trend was seen on the interbank market on Saturday as the rupee did not show any change against dollar for buying and selling at 78.15 and 78.20, currency analysts added. Good supply of dollars helped the rupee to retain its overnight level versus
Published 28 Sep, 2008 12:00am
US Congress races to reach bailout deal before Monday

US Congress races to reach bailout deal before Monday

The US Congress raced to strike a deal on a proposed $700 billion bailout of the financial industry in an intense weekend negotiating session aimed at alleviating the worst financial crisis since the Great Depression.
Published 28 Sep, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (September 27, 2008).
Published 28 Sep, 2008 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (September 27, 2008).

Published 28 Sep, 2008 12:00am
Barclays bid rates and maximum rates for payment of interest

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 28 Sep, 2008 12:00am
State Bank of Pakistan conversion rates

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 28 Sep, 2008 12:00am
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