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Print - 2008-10-12
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (October 11, 2008).

Published 12 Oct, 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 (October 11, 2008).

Published 12 Oct, 2008 12:00am
KESC not to charge arrears of April-August

KESC not to charge arrears of April-August

The federal government has asked the Karachi Electric Supply Corporation (KESC) not to charge arrears for the period of April-August 2008, said a KESC press release issued here on Saturday. The tariff increase will only be applicable from September 2008,
Published 12 Oct, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 11, 2008).

Published 12 Oct, 2008 12:00am
KESC not to charge arrears of April-August

KESC not to charge arrears of April-August

The federal government has asked the Karachi Electric Supply Corporation (KESC) not to charge arrears for the period of April-August 2008, said a KESC press release issued here on Saturday. The tariff increase will only be applicable from September 2008,
Published 12 Oct, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 11, 2008).

Published 12 Oct, 2008 12:00am
KESC not to charge arrears of April-August

KESC not to charge arrears of April-August

The federal government has asked the Karachi Electric Supply Corporation (KESC) not to charge arrears for the period of April-August 2008, said a KESC press release issued here on Saturday. The tariff increase will only be applicable from September 2008,
Published 12 Oct, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 11, 2008).

Published 12 Oct, 2008 12:00am
Armed forces to reinforce government in strengthening democracy: CJCSC

Armed forces to reinforce government in strengthening democracy: CJCSC

Chairman Joint Chiefs of Staff Committee General Tariq Majeed on Saturday said the armed forces will reinforce the government in its move to strengthen the democratic process. This will help the government in coping with challenges of terrorism and extrem
Published 12 Oct, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 11, 2008).

Published 12 Oct, 2008 12:00am
Armed forces to reinforce government in strengthening democracy: CJCSC

Armed forces to reinforce government in strengthening democracy: CJCSC

Chairman Joint Chiefs of Staff Committee General Tariq Majeed on Saturday said the armed forces will reinforce the government in its move to strengthen the democratic process. This will help the government in coping with challenges of terrorism and extrem
Published 12 Oct, 2008 12:00am
Zardari for ending loadshedding on war footing

Zardari for ending loadshedding on war footing

President Asif Ali Zardari on Saturday said power and energy was most critical for economic development of the country and directed swift measures to end loadshedding and power shortages on a war footing.
Published 12 Oct, 2008 12:00am
Zardari for ending loadshedding on war footing

Zardari for ending loadshedding on war footing

President Asif Ali Zardari on Saturday said power and energy was most critical for economic development of the country and directed swift measures to end loadshedding and power shortages on a war footing.
Published 12 Oct, 2008 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Gradual fall was witnessed on the interbank market on Saturday as dollar buying was strong by the importers, dealers said. The rupee shed five paisa in relation to dollar for buying and selling at 79.20 and 79.25. But in the open the rupee was higher shar
Published 12 Oct, 2008 12:00am
Zardari for ending loadshedding on war footing

Zardari for ending loadshedding on war footing

President Asif Ali Zardari on Saturday said power and energy was most critical for economic development of the country and directed swift measures to end loadshedding and power shortages on a war footing.
Published 12 Oct, 2008 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Gradual fall was witnessed on the interbank market on Saturday as dollar buying was strong by the importers, dealers said. The rupee shed five paisa in relation to dollar for buying and selling at 79.20 and 79.25. But in the open the rupee was higher shar
Published 12 Oct, 2008 12:00am
Punjab and NWFP: gas supply to 200 industries disconnected

Punjab and NWFP: gas supply to 200 industries disconnected

The Northern Sui Gas Pipelines Ltd (SNGPL) stopped natural gas supply to about 200 big industrial units of Punjab and NWFP from Saturday owing to the closure of Qadirpur Gas Field for annual maintenance. Senior General Manager (Distribution) SNGPL Mujahid
Published 12 Oct, 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 (October 11, 2008).

Published 12 Oct, 2008 12:00am
Punjab and NWFP: gas supply to 200 industries disconnected

Punjab and NWFP: gas supply to 200 industries disconnected

The Northern Sui Gas Pipelines Ltd (SNGPL) stopped natural gas supply to about 200 big industrial units of Punjab and NWFP from Saturday owing to the closure of Qadirpur Gas Field for annual maintenance. Senior General Manager (Distribution) SNGPL Mujahid
Published 12 Oct, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 11, 2008).

Published 12 Oct, 2008 12:00am
Punjab and NWFP: gas supply to 200 industries disconnected

Punjab and NWFP: gas supply to 200 industries disconnected

The Northern Sui Gas Pipelines Ltd (SNGPL) stopped natural gas supply to about 200 big industrial units of Punjab and NWFP from Saturday owing to the closure of Qadirpur Gas Field for annual maintenance. Senior General Manager (Distribution) SNGPL Mujahid
Published 12 Oct, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 11, 2008).

Published 12 Oct, 2008 12:00am
US and allies united on crisis

US and allies united on crisis

US President George W. Bush said Saturday after crisis talks with top US allies that the world''s richest economies agreed the international financial meltdown requires "a serious global response." "We will stand together in addressing this threat to our
Published 12 Oct, 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 October 13, 2008.

Published 12 Oct, 2008 12:00am
US and allies united on crisis

US and allies united on crisis

US President George W. Bush said Saturday after crisis talks with top US allies that the world's richest economies agreed the international financial meltdown requires "a serious global response." "We will stand together in addressing this threat to our p
Published 12 Oct, 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 October 13, 2008.

Published 12 Oct, 2008 12:00am
US and allies united on crisis

US and allies united on crisis

US President George W. Bush said Saturday after crisis talks with top US allies that the world's richest economies agreed the international financial meltdown requires "a serious global response." "We will stand together in addressing this threat to our p
Published 12 Oct, 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 October 13, 2008.

Published 12 Oct, 2008 12:00am
Financial crisis unprecedented, slowing growth: Paulson

Financial crisis unprecedented, slowing growth: Paulson

The financial crisis sweeping the global economy is one of the most serious challenges ever, leading to a sharp slowdown in growth, US Treasury Secretary Henry Paulson said Saturday. "As we meet today, risks to the global economic environment are the most
Published 12 Oct, 2008 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (October 11, 2008).

Published 12 Oct, 2008 12:00am
Financial crisis unprecedented, slowing growth: Paulson

Financial crisis unprecedented, slowing growth: Paulson

The financial crisis sweeping the global economy is one of the most serious challenges ever, leading to a sharp slowdown in growth, US Treasury Secretary Henry Paulson said Saturday. "As we meet today, risks to the global economic environment are the most
Published 12 Oct, 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 (October 11, 2008).

Published 12 Oct, 2008 12:00am
Financial crisis unprecedented, slowing growth: Paulson

Financial crisis unprecedented, slowing growth: Paulson

The financial crisis sweeping the global economy is one of the most serious challenges ever, leading to a sharp slowdown in growth, US Treasury Secretary Henry Paulson said Saturday. "As we meet today, risks to the global economic environment are the most
Published 12 Oct, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 11, 2008).

Published 12 Oct, 2008 12:00am
Developing nations say they could fall victim to global credit crunch

Developing nations say they could fall victim to global credit crunch

Developing countries said on Friday they could fall victim to the global credit crunch that began in the West and blasted industrial nations for not living up to promises for aid. The Group of 24, which brings together developing and large emerging countr
Published 12 Oct, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 11, 2008).

Published 12 Oct, 2008 12:00am
Developing nations say they could fall victim to global credit crunch

Developing nations say they could fall victim to global credit crunch

Developing countries said on Friday they could fall victim to the global credit crunch that began in the West and blasted industrial nations for not living up to promises for aid. The Group of 24, which brings together developing and large emerging countr
Published 12 Oct, 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 (October 11, 2008).

Published 12 Oct, 2008 12:00am
Developing nations say they could fall victim to global credit crunch

Developing nations say they could fall victim to global credit crunch

Developing countries said on Friday they could fall victim to the global credit crunch that began in the West and blasted industrial nations for not living up to promises for aid. The Group of 24, which brings together developing and large emerging countr
Published 12 Oct, 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 (October 11, 2008).

Published 12 Oct, 2008 12:00am
US, India sign civil nuclear cooperation pact

US, India sign civil nuclear cooperation pact

The United States and India signed a potentially lucrative agreement on Friday that would allow India to buy US civil nuclear technology for the first time in three decades.
Published 12 Oct, 2008 12:00am
US, India sign civil nuclear cooperation pact

US, India sign civil nuclear cooperation pact

The United States and India signed a potentially lucrative agreement on Friday that would allow India to buy US civil nuclear technology for the first time in three decades.
Published 12 Oct, 2008 12:00am
US, India sign civil nuclear cooperation pact

US, India sign civil nuclear cooperation pact

The United States and India signed a potentially lucrative agreement on Friday that would allow India to buy US civil nuclear technology for the first time in three decades.
Published 12 Oct, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (October 11, 2008).

Published 12 Oct, 2008 12:00am
Five killed in US missile attack in Miranshah

Five killed in US missile attack in Miranshah

Suspected US drones fired two missile on Saturday into a Pakistani region regarded as an al Qaeda and Taliban safe haven, killing at least five militants, residents and an intelligence official said. It was the second such attack in North Waziristan triba
Published 12 Oct, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (October 11, 2008).
Published 12 Oct, 2008 12:00am
Five killed in US missile attack in Miranshah

Five killed in US missile attack in Miranshah

Suspected US drones fired two missile on Saturday into a Pakistani region regarded as an al Qaeda and Taliban safe haven, killing at least five militants, residents and an intelligence official said. It was the second such attack in North Waziristan triba
Published 12 Oct, 2008 12:00am
''India will not object to Pak-US civilian nuclear deal''

''India will not object to Pak-US civilian nuclear deal''

Indian External Affairs Minister Pranab Mukherjee has indicated that New Delhi would not object to the United States and Pakistan having civilian nuclear co-operation since every country has its right to use nuclear energy for peaceful purposes.
Published 12 Oct, 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 (October 11, 2008).

Published 12 Oct, 2008 12:00am
'India will not object to Pak-US civilian nuclear deal'

'India will not object to Pak-US civilian nuclear deal'

Indian External Affairs Minister Pranab Mukherjee has indicated that New Delhi would not object to the United States and Pakistan having civilian nuclear co-operation since every country has its right to use nuclear energy for peaceful purposes.
Published 12 Oct, 2008 12:00am
'India will not object to Pak-US civilian nuclear deal'

'India will not object to Pak-US civilian nuclear deal'

Indian External Affairs Minister Pranab Mukherjee has indicated that New Delhi would not object to the United States and Pakistan having civilian nuclear co-operation since every country has its right to use nuclear energy for peaceful purposes.
Published 12 Oct, 2008 12:00am
Probe accuses Palin of power abuse

Probe accuses Palin of power abuse

Investigators found vice presidential nominee Sarah Palin abused her powers as Alaska governor, dealing another blow Friday to Republican John McCain's struggling White House bid. As McCain sought to restore control over his unruly rallies which have seen
Published 12 Oct, 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 (October 11, 2008).

Published 12 Oct, 2008 12:00am
Probe accuses Palin of power abuse

Probe accuses Palin of power abuse

Investigators found vice presidential nominee Sarah Palin abused her powers as Alaska governor, dealing another blow Friday to Republican John McCain's struggling White House bid. As McCain sought to restore control over his unruly rallies which have seen
Published 12 Oct, 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 (October 11, 2008).

Published 12 Oct, 2008 12:00am
CPI inflation jumps to 24.52 percent in three months

CPI inflation jumps to 24.52 percent in three months

The CPI inflation jumped to 24.52 percent during the first three months - July-September 2008 - against 7.07 percent over the same period of last year on the back of continuous increase in the prices of commodities and services with food and energy on top
Published 12 Oct, 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 (October 11, 2008).

Published 12 Oct, 2008 12:00am
CPI inflation jumps to 24.52 percent in three months

CPI inflation jumps to 24.52 percent in three months

The CPI inflation jumped to 24.52 percent during the first three months - July-September 2008 - against 7.07 percent over the same period of last year on the back of continuous increase in the prices of commodities and services with food and energy on top
Published 12 Oct, 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 12 Oct, 2008 12:00am
CPI inflation jumps to 24.52 percent in three months

CPI inflation jumps to 24.52 percent in three months

The CPI inflation jumped to 24.52 percent during the first three months - July-September 2008 - against 7.07 percent over the same period of last year on the back of continuous increase in the prices of commodities and services with food and energy on top
Published 12 Oct, 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 12 Oct, 2008 12:00am
Manmohan launches Kashmir''s first train service

Manmohan launches Kashmir''s first train service

India''s prime minister on Saturday launched Kashmir''s first train service, the fruit of an eight-year project that overcame tough terrain and rebel strife, on a visit overshadowed by violence. Security was tight as Manmohan Singh flagged off the first t
Published 12 Oct, 2008 12:00am
Manmohan launches Kashmir's first train service

Manmohan launches Kashmir's first train service

India's prime minister on Saturday launched Kashmir's first train service, the fruit of an eight-year project that overcame tough terrain and rebel strife, on a visit overshadowed by violence. Security was tight as Manmohan Singh flagged off the first tra
Published 12 Oct, 2008 12:00am
Manmohan launches Kashmir's first train service

Manmohan launches Kashmir's first train service

India's prime minister on Saturday launched Kashmir's first train service, the fruit of an eight-year project that overcame tough terrain and rebel strife, on a visit overshadowed by violence. Security was tight as Manmohan Singh flagged off the first tra
Published 12 Oct, 2008 12:00am
KCBT wheat more than five percent lower

KCBT wheat more than five percent lower

Kansas City Board of Trade hard red winter wheat futures ended more than 5 percent lower on Friday, caught in the downdraft of global financial woes and pressured by bearish stocks data from the USDA. The KCBT December wheat ended down 33 cents, or 5.2 pe
Published 12 Oct, 2008 12:00am
World must help Pakistan to wipe out terrorism: Haqqani

World must help Pakistan to wipe out terrorism: Haqqani

Pakistan's ambassador to the United States Husain Haqqani has said that the international community must help Pakistan morally, politically and economically to successfully eradicate terrorism, which is a global threat. He was addressing three different g
Published 12 Oct, 2008 12:00am
Lint prices stabilise, spot rate unchanged on cotton market

Lint prices stabilise, spot rate unchanged on cotton market

Strong mill buying was seen on the cotton market on Saturday as ginners lowered the rates, but not below the psychological level, dealers said. The official spot rate was unchanged at Rs 3475, they said. Phutti prices were lower in Sindh at Rs 1650-1750 a
Published 12 Oct, 2008 12:00am
US, Pakistan have common goal in anti-terror struggle: Rice

US, Pakistan have common goal in anti-terror struggle: Rice

The United States has a common goal with Pakistan to deal with violent extremism and Washington is actively engaged in efforts to help the democratic government overcome economic problems facing the South Asian country, Secretary of State Condoleezza Rice
Published 12 Oct, 2008 12:00am
No change in prices on grain market

No change in prices on grain market

Prices did not show any change on the grain market on Saturday as participants kept on the sidelines to analyse prevailing developments on the economic side, dealers said.
Published 12 Oct, 2008 12:00am
IMF warns of financial meltdown; Europe seeks unity

IMF warns of financial meltdown; Europe seeks unity

The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.
Published 12 Oct, 2008 12:00am
Kenyan tea items mixed on Jodia Bazaar

Kenyan tea items mixed on Jodia Bazaar

The trading in Kenyan tea items showed mixed trend on Jodia Bazaar here on Saturday. The following changes were noted.
Published 12 Oct, 2008 12:00am
IMF warns of financial meltdown; Europe seeks unity

IMF warns of financial meltdown; Europe seeks unity

The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.
Published 12 Oct, 2008 12:00am
US wheat futures down

US wheat futures down

US wheat futures fell sharply on Friday in sympathy with a broad sell-off in commodities, including limit declines in corn and soyabeans, amid fears that the financial crisis will lead to recession, traders said. The Reuters-Jefferies CRB commodity index
Published 12 Oct, 2008 12:00am
IMF warns of financial meltdown; Europe seeks unity

IMF warns of financial meltdown; Europe seeks unity

The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.
Published 12 Oct, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 88,255 tonnes of cargo including 71,596 tonnes of import, 16,659 tonnes of export cargo and 2,678 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 12 Oct, 2008 12:00am
SECP, KSE to hold another meeting today

SECP, KSE to hold another meeting today

The Securities and Exchange Commission of Pakistan (SECP) and Karachi Stock Exchange (KSE) have mailed a set of proposals including the closure of the market to the Advisor to the Prime Minister on Finance Shaukat Tareen, who is on his official visit to t
Published 12 Oct, 2008 12:00am
FOB Gulf soya, corn export premiums down

FOB Gulf soya, corn export premiums down

US FOB corn and soyabean export premiums were steady to lower on Thursday following a retreat in prices in the interior barge market, traders said. Basis offers also were pressured by soyabean futures at the Chicago Board of Trade closing higher for the t
Published 12 Oct, 2008 12:00am
SECP, KSE to hold another meeting today

SECP, KSE to hold another meeting today

The Securities and Exchange Commission of Pakistan (SECP) and Karachi Stock Exchange (KSE) have mailed a set of proposals including the closure of the market to the Advisor to the Prime Minister on Finance Shaukat Tareen, who is on his official visit to t
Published 12 Oct, 2008 12:00am
Investors flee Asian vegetable oils as crisis deepens

Investors flee Asian vegetable oils as crisis deepens

Asian vegetable oil markets plummeted on Frianicky investors unwound positions amid growing fears of global recession that slows demand and adds to already ballooning stockpiles. Dalian soyoil futures dived by their limit down while Malaysian crude palm o
Published 12 Oct, 2008 12:00am
SECP, KSE to hold another meeting today

SECP, KSE to hold another meeting today

The Securities and Exchange Commission of Pakistan (SECP) and Karachi Stock Exchange (KSE) have mailed a set of proposals including the closure of the market to the Advisor to the Prime Minister on Finance Shaukat Tareen, who is on his official visit to t
Published 12 Oct, 2008 12:00am
New York sugar ends near four-month low

New York sugar ends near four-month low

Raw sugar futures closed Friday near a four-month low on investment fund liquidation brought on by a financial crisis that has pounded all financial markets, brokers said. The March sugar contract slid 0.67 cent to finish at 11.23 cents per lb, moving fro
Published 12 Oct, 2008 12:00am
US copper dives to 33-month low

US copper dives to 33-month low

US copper futures regained composure at sharply lower levels after a wave of panic selling took metal to its lowest level since January 2006, and hit financial, energy and commodity markets in early Friday dealings. Traders said a lack of confidence in ec
Published 12 Oct, 2008 12:00am
US gold turns to drop below $830

US gold turns to drop below $830

US gold futures sank below $830 an ounce in Friday's post-settlement screen trade, reversing sharp initial gains as a wave of panic swept through global markets and prompted investors to dump assets across the board to meet their liquidity needs.
Published 12 Oct, 2008 12:00am