News Archives for Print - 2008-10-17

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

Pakistani garment export to US up, EU down: IMF

Pakistan's garment export to European Union and Canada registered a decline while to the US market, the garment export posted a slight increase, an IMF report revealed on Thursday. The garment export to EU market declined from 1.7 percent in 2003 to 1.5 p

Published 17 Oct, 2008 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

Pakistani garment export to US up, EU down: IMF

Pakistan's garment export to European Union and Canada registered a decline while to the US market, the garment export posted a slight increase, an IMF report revealed on Thursday. The garment export to EU market declined from 1.7 percent in 2003 to 1.5 p

Published 17 Oct, 2008 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

Hydel power generation: sharp decline deepens power crisis, says minister

The sharp decline in hydel power generation from 6000 megawatts to 1600 megawatts has deepened the power crisis in the country, said Minister for Water and Power Raja Pervez Asharf. Speaking at a news conference here on Thursday after a meeting at Nationa

Published 17 Oct, 2008 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

Hydel power generation: sharp decline deepens power crisis, says minister

The sharp decline in hydel power generation from 6000 megawatts to 1600 megawatts has deepened the power crisis in the country, said Minister for Water and Power Raja Pervez Asharf. Speaking at a news conference here on Thursday after a meeting at Nationa

Published 17 Oct, 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 Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

Hydel power generation: sharp decline deepens power crisis, says minister

The sharp decline in hydel power generation from 6000 megawatts to 1600 megawatts has deepened the power crisis in the country, said Minister for Water and Power Raja Pervez Asharf. Speaking at a news conference here on Thursday after a meeting at Nationa

Published 17 Oct, 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 Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

Dozens of vessels awaiting wharfage at KPT and Port Qasim

The country''s seaports are facing the worst ever congestion in ten years due to an influx of at least 34 unscheduled vessels belonging to Trading Corporation of Pakistan (TCP) and Pakistan Steel Mills (PSM) at the outer anchorage of Karachi Port and Port

Published 17 Oct, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

Dozens of vessels awaiting wharfage at KPT and Port Qasim

The country's seaports are facing the worst ever congestion in ten years due to an influx of at least 34 unscheduled vessels belonging to Trading Corporation of Pakistan (TCP) and Pakistan Steel Mills (PSM) at the outer anchorage of Karachi Port and Port

Published 17 Oct, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

Dozens of vessels awaiting wharfage at KPT and Port Qasim

The country's seaports are facing the worst ever congestion in ten years due to an influx of at least 34 unscheduled vessels belonging to Trading Corporation of Pakistan (TCP) and Pakistan Steel Mills (PSM) at the outer anchorage of Karachi Port and Port

Published 17 Oct, 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 Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

No change in BRIndex30

On Thursday, BRIndex30 remained unchanged throughout the trading time. It opened at 8,998.64 and closed at 8,998.64. Volume was 76,900 as against 1,306,900 recorded by KSE-All Share and 79,600 recorded by KSE-100 Indices. BR Technology and Communication I

Published 17 Oct, 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 Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

No change in BRIndex30

On Thursday, BRIndex30 remained unchanged throughout the trading time. It opened at 8,998.64 and closed at 8,998.64. Volume was 76,900 as against 1,306,900 recorded by KSE-All Share and 79,600 recorded by KSE-100 Indices. BR Technology and Communication I

Published 17 Oct, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

Index remains unchanged

The benchmark KSE-100 index remained unchanged on third consecutive day to close at 9,184.24 points level on Thursday due to investors lack of interest over the prevailing uncertainty and declining international markets. "The investors were not ready to t

Published 17 Oct, 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 17 Oct, 2008 12:00am

Index remains unchanged

The benchmark KSE-100 index remained unchanged on third consecutive day to close at 9,184.24 points level on Thursday due to investors lack of interest over the prevailing uncertainty and declining international markets. "The investors were not ready to t

Published 17 Oct, 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 17 Oct, 2008 12:00am

Index remains unchanged

The benchmark KSE-100 index remained unchanged on third consecutive day to close at 9,184.24 points level on Thursday due to investors lack of interest over the prevailing uncertainty and declining international markets. "The investors were not ready to t

Published 17 Oct, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (October 16, 2008).

Published 17 Oct, 2008 12:00am

Foreign investors, local businessmen: harmonised tax provisions on the cards

The Federal Board of Revenue (FBR) has decided to harmonise different provisions of taxation laws to provide uniform tax procedures in all tax laws to foreign investors as well as local business community.

Published 17 Oct, 2008 12:00am

New York cotton

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

Published 17 Oct, 2008 12:00am

Foreign investors, local businessmen: harmonised tax provisions on the cards

The Federal Board of Revenue (FBR) has decided to harmonise different provisions of taxation laws to provide uniform tax procedures in all tax laws to foreign investors as well as local business community.

Published 17 Oct, 2008 12:00am

New York cotton

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

Published 17 Oct, 2008 12:00am

Foreign investors, local businessmen: harmonised tax provisions on the cards

The Federal Board of Revenue (FBR) has decided to harmonise different provisions of taxation laws to provide uniform tax procedures in all tax laws to foreign investors as well as local business community.

Published 17 Oct, 2008 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Oct, 2008 12:00am

Dollars being smuggled to Afghanistan

The greenback is being smuggled in huge quantity into Afghanistan, which has primarily caused the decline in rupee value to the historic lowest level of over Rs 80 against the dollar. Besides, increasing the dollar demand by 100 percent to some 13 million

Published 17 Oct, 2008 12:00am

Kenyan tea lower on Jodia Bazaar

The trading in Kenyan tea closed lower on Jodia Bazaar here on Thursday. The following changes were noted.

Published 17 Oct, 2008 12:00am

Dollars being smuggled to Afghanistan

The greenback is being smuggled in huge quantity into Afghanistan, which has primarily caused the decline in rupee value to the historic lowest level of over Rs 80 against the dollar. Besides, increasing the dollar demand by 100 percent to some 13 million

Published 17 Oct, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 103,005 tonnes of cargo including 70,990 tonnes of import, 32,015 tonnes of export cargo and 4,868 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The freights comprised of 92,547 tonnes o

Published 17 Oct, 2008 12:00am

Dollars being smuggled to Afghanistan

The greenback is being smuggled in huge quantity into Afghanistan, which has primarily caused the decline in rupee value to the historic lowest level of over Rs 80 against the dollar. Besides, increasing the dollar demand by 100 percent to some 13 million

Published 17 Oct, 2008 12:00am

US Midwest bids for soya rise; corn firm

Spot basis bids for soyabeans rose at most processors and elevators around the US Midwest on Wednesday while corn bids were steady to firm, grain dealers said. Farmer selling was slow on Wednesday as cash prices have fallen well below farmers' expectation

Published 17 Oct, 2008 12:00am

Liquidity crisis deepens: banks asking top clients not to avail credit limits

A crisis of confidence has clouded the entire banking sector as banks have begun to ask their corporate clients not to avail their running finance limits. The liquidity crisis deepened on Thursday as reports about some corporates doing arbitrage deals wer

Published 17 Oct, 2008 12:00am

Few changes in prices on grain market

A few changes were seen on the grain market on Thursday as many participants were on the sidelines due to higher rates, dealers said. On the rice sector, Irri-6 Sindh gained Rs 50 to Rs 2950, other types maintained the overnight levels, they added.

Published 17 Oct, 2008 12:00am

Liquidity crisis deepens: banks asking top clients not to avail credit limits

A crisis of confidence has clouded the entire banking sector as banks have begun to ask their corporate clients not to avail their running finance limits. The liquidity crisis deepened on Thursday as reports about some corporates doing arbitrage deals wer

Published 17 Oct, 2008 12:00am

Indian sugar falls

Indian sugar futures fell on Thursday afternoon as deliveries for the October contract jumped, raising the prospect of heavy supplies in the coming days. At 2:45 pm (0915 GMT), the October futures contract on the National Commodity and Derivatives Exchang

Published 17 Oct, 2008 12:00am

Liquidity crisis deepens: banks asking top clients not to avail credit limits

A crisis of confidence has clouded the entire banking sector as banks have begun to ask their corporate clients not to avail their running finance limits. The liquidity crisis deepened on Thursday as reports about some corporates doing arbitrage deals wer

Published 17 Oct, 2008 12:00am

Indian traders call for import tax on edible oils

India's vegetable oil traders have urged the government to impose an import tax and allow futures trading in soyaoil following a slump in prices, a leading trade body said on Thursday. India, the world's biggest vegetable oil importer after China, in Apri

Published 17 Oct, 2008 12:00am

Sino-Pak agree to propel level of economic cooperation

Pakistan and China on Thursday agreed to propel level of economic co-operation in diverse sectors on fast trajectory as an important plank of comprehensive strategic partnership.

Published 17 Oct, 2008 12:00am

Tanzanian coffee prices weighed down

Tanzanian coffee prices eased at last week's auction, tracking markets in London and New York weighed down by the global financial crisis, traders said on Thursday. "The commodity markets have followed the downturn of all other markets, so the world price

Published 17 Oct, 2008 12:00am

Sino-Pak agree to propel level of economic cooperation

Pakistan and China on Thursday agreed to propel level of economic co-operation in diverse sectors on fast trajectory as an important plank of comprehensive strategic partnership.

Published 17 Oct, 2008 12:00am

US corn futures fall

US corn futures closed lower on Wednesday, with the front month settling below $4 a bushel for the first time in 10 months on fears that a recession could slow demand for commodities including grains, traders said. Recession worries also hammered crude oi

Published 17 Oct, 2008 12:00am

Sino-Pak agree to propel level of economic cooperation

Pakistan and China on Thursday agreed to propel level of economic co-operation in diverse sectors on fast trajectory as an important plank of comprehensive strategic partnership.

Published 17 Oct, 2008 12:00am

US wheat futures down

US wheat futures fell on Wednesday, with the Chicago Board of Trade spot price hitting a 16-month low as declines in the stock market spilled over into commodities amid fears of economic recession, traders said. US stocks sagged on fears that efforts to h

Published 17 Oct, 2008 12:00am

China pledges to help Pakistan overcome its economic woes

China on Thursday vowed to do what it could to help cash-strapped Pakistan avert financial disaster as President Asif Ali Zardari continued an official visit aimed at rustling up crucial Chinese investments. The promise came as Premier Wen Jiabao met Pres

Published 17 Oct, 2008 12:00am

Slight fall in activity on cotton market

Prices fell marginally on the cotton market on Thursday as mills demand came down slightly due to earlier increase, dealers said. The official spot rate was unchanged at Rs 3450, they said. Phutti prices in Sindh were at Rs 1650-1700 and in Punjab prices

Published 17 Oct, 2008 12:00am

China pledges to help Pakistan overcome its economic woes

China on Thursday vowed to do what it could to help cash-strapped Pakistan avert financial disaster as President Asif Ali Zardari continued an official visit aimed at rustling up crucial Chinese investments. The promise came as Premier Wen Jiabao met Pres

Published 17 Oct, 2008 12:00am

Cotton prices slump again

After showing some steadiness earlier in the week, cotton prices in the ready market slumped again to lose atleast Rs 200 per maund (37.32 kgs) over the past couple of days. Faltering business prospects for the domestic textile industry amidst reports of

Published 17 Oct, 2008 12:00am

China pledges to help Pakistan overcome its economic woes

China on Thursday vowed to do what it could to help cash-strapped Pakistan avert financial disaster as President Asif Ali Zardari continued an official visit aimed at rustling up crucial Chinese investments. The promise came as Premier Wen Jiabao met Pres

Published 17 Oct, 2008 12:00am

Cotton prices slump again

After showing some steadiness earlier in the week, cotton prices in the ready market slumped again to lose atleast Rs 200 per maund (37.32 kgs) over the past couple of days. Faltering business prospects for the domestic textile industry amidst reports of

Published 17 Oct, 2008 12:00am

18 foreign militants held

Police on Thursday arrested 18 suspected foreign militants in a tribal area near the north-western city of Peshawar, an official said. They were moving out of the Darra Adam Khel area in two vehicles when they were arrested by police at a checkpost.

Published 17 Oct, 2008 12:00am

US copper weaker

US copper futures settled sharply lower on Wednesday, stemming a two-day rally as a sell-off on Wall Street and fears of a global recession spurred further liquidation in the industrial metal, analysts said. Copper for December delivery plunged 18.40 cent

Published 17 Oct, 2008 12:00am

18 foreign militants held

Police on Thursday arrested 18 suspected foreign militants in a tribal area near the north-western city of Peshawar, an official said. They were moving out of the Darra Adam Khel area in two vehicles when they were arrested by police at a checkpost.

Published 17 Oct, 2008 12:00am

Base matels sink in Shanghai

London copper fell 7.6 percent on Thursday to its lowest since January 2006 and other base metals also dropped after the Fed warned that the US economy still faces significant threats. Combined with bleak US economic data, the Fed warnings led Wall Street

Published 17 Oct, 2008 12:00am

Pakistan, India to hold talks on water issue next week

Indian and Pakistani officials will meet in New Delhi next week to discuss the issue of blockade of Chenab river water by India. Indus Water Commissioner Jamaat Ali Shah will reach New Delhi on Saturday for talks with his Indian counterpart G Ranganathan,

Published 17 Oct, 2008 12:00am

US rice futures fall

US rough rice futures on the Chicago Board of Trade fell for the sixth straight day to an eight-month low on Wednesday as global economic turmoil led to fears of recession, traders said. Fears of an economic slowdown, including weaker demand for commoditi

Published 17 Oct, 2008 12:00am

Pakistan, India to hold talks on water issue next week

Indian and Pakistani officials will meet in New Delhi next week to discuss the issue of blockade of Chenab river water by India. Indus Water Commissioner Jamaat Ali Shah will reach New Delhi on Saturday for talks with his Indian counterpart G Ranganathan,

Published 17 Oct, 2008 12:00am

Tokyo rubber hits new three-year low

Tokyo rubber futures fell to a new three-year low on Thursday on concerns about weak demand for the industrial commodity, while some Chinese users have refused to pay at prices settled earlier, causing defaults of shipments. Chinese buyers have defaulted

Published 17 Oct, 2008 12:00am

Pakistan, India to hold talks on water issue next week

Indian and Pakistani officials will meet in New Delhi next week to discuss the issue of blockade of Chenab river water by India. Indus Water Commissioner Jamaat Ali Shah will reach New Delhi on Saturday for talks with his Indian counterpart G Ranganathan,

Published 17 Oct, 2008 12:00am

New York sugar softer

Raw sugar futures settled sharply lower on Wednesday on investor fund sales as fear demand could be hit by global economic weakness acted as a millstone on the market, brokers said. The March sugar contract sank 0.53 cent, or by 4.5 percent, to finish at

Published 17 Oct, 2008 12:00am

Qatar minister sees one million bpd Opec output cut

Qatar''s oil minister said on Thursday he personally expects Opec to cut oil production by no less than 1 million barrels per day at its October 24 meeting, but any decision will be based on a careful study of fundamentals. "I personally believe that it (

Published 17 Oct, 2008 12:00am

US soy futures slide to 13-month low

US soybean futures on the Chicago Board of Trade plunged to a 13-month low on Wednesday as the euphoria over governments' efforts to ease the credit crisis was overshadowed by recession concerns, traders said. Fears of economic slowdown, including weaker

Published 17 Oct, 2008 12:00am

Qatar minister sees one million bpd Opec output cut

Qatar's oil minister said on Thursday he personally expects Opec to cut oil production by no less than 1 million barrels per day at its October 24 meeting, but any decision will be based on a careful study of fundamentals. "I personally believe that it (t

Published 17 Oct, 2008 12:00am

Malaysian palm oil hits two-year low

Malaysian crude palm futures dropped to their lowest in two years on Thursday, tracking sliding crude oil prices and amid worries that an accelerating economic slowdown will cut demand, traders said. The benchmark January contract on the Bursa Malaysia De

Published 17 Oct, 2008 12:00am

Qatar minister sees one million bpd Opec output cut

Qatar's oil minister said on Thursday he personally expects Opec to cut oil production by no less than 1 million barrels per day at its October 24 meeting, but any decision will be based on a careful study of fundamentals. "I personally believe that it (t

Published 17 Oct, 2008 12:00am

Malaysian tin plummets

Malaysian tin dived 8.3 percent on Thursday, dragged down by faltering London Metal Exchange prices and a build-up in supplies, one dealer said.

Published 17 Oct, 2008 12:00am

Pakistan''s foreign exchange reserves fall below $8 billion

The country''s foreign exchange reserves plunged by 571.9 million dollars to 7.7497 billion dollars, during last week that ended on October 11. The State Bank of Pakistan on Thursday said the country''s foreign exchange reserves have declined to 7.7497 bi

Published 17 Oct, 2008 12:00am

US gold down

US gold futures ended a touch lower on Wednesday, limiting losses in spite of plunging stock markets and widespread decline in commodities as investors turned to gold as a safe store amid fears of a global recession, traders said.

Published 17 Oct, 2008 12:00am

Pakistan's foreign exchange reserves fall below $8 billion

The country's foreign exchange reserves plunged by 571.9 million dollars to 7.7497 billion dollars, during last week that ended on October 11. The State Bank of Pakistan on Thursday said the country's foreign exchange reserves have declined to 7.7497 bill

Published 17 Oct, 2008 12:00am

Gold dips in Asia

Gold fell almost 1 percent on Thursday, ending a two-day rally as a renewed dive in share markets forced bullion selling and a deeper slump in oil prices reduced its appeal as an inflation hedge. Gold, often viewed as a safe haven in turbulent times, defi

Published 17 Oct, 2008 12:00am

Pakistan's foreign exchange reserves fall below $8 billion

The country's foreign exchange reserves plunged by 571.9 million dollars to 7.7497 billion dollars, during last week that ended on October 11. The State Bank of Pakistan on Thursday said the country's foreign exchange reserves have declined to 7.7497 bill

Published 17 Oct, 2008 12:00am

Oil falls in Asia on recession fears

Oil fell for a third day on Thursday, plumbing a 13-1/2 month low near $72 as commodity investors again rushed for the exit on fears of a collapse in demand growth, with the world economy tilting toward recession. Bleak US economic data and warnings from

Published 17 Oct, 2008 12:00am

Former minister, four accomplices declared human smugglers

The Federal Investigation Agency (FIA) on Thursday declared former Minority Affairs Minister Mushtaq Victor and his four accomplices as human smugglers after a thorough investigation. The FIA has presented the challan against the accused in the court of S

Published 17 Oct, 2008 12:00am

Singapore, Malaysia to guarantee all bank deposits

Singapore and Malaysia on Thursday pledged to guarantee all local and foreign currency bank deposits, joining governments across the world in shoring up confidence in the embattled banking system. The neighbouring Southeast Asian countries announced withi

Published 17 Oct, 2008 12:00am

Former minister, four accomplices declared human smugglers

The Federal Investigation Agency (FIA) on Thursday declared former Minority Affairs Minister Mushtaq Victor and his four accomplices as human smugglers after a thorough investigation. The FIA has presented the challan against the accused in the court of S

Published 17 Oct, 2008 12:00am

Merrill posts $7.5 billion loss

Merrill Lynch & Co reported a third-quarter net loss of $7.5 billion on Thursday - worse than analysts had expected - on write-downs and credit losses on complex debt securities.

Published 17 Oct, 2008 12:00am

ECC informed of oil stock position

The Economic Co-ordination Committee (ECC) of the Cabinet has been presented oil stock position, indicating building up of petroleum products storages to an all-time high of 26 days as on October 13, 2008. The presentation reveals that Pakistan''s strateg

Published 17 Oct, 2008 12:00am

Merrill posts $7.5 billion loss

Merrill Lynch & Co reported a third-quarter net loss of $7.5 billion on Thursday - worse than analysts had expected - on write-downs and credit losses on complex debt securities.

Published 17 Oct, 2008 12:00am

ECC informed of oil stock position

The Economic Co-ordination Committee (ECC) of the Cabinet has been presented oil stock position, indicating building up of petroleum products storages to an all-time high of 26 days as on October 13, 2008. The presentation reveals that Pakistan's strategi

Published 17 Oct, 2008 12:00am

Swiss banks raise emergency funds

Switzerland's top two banks took emergency measures to shore up their finances on Thursday, with the state taking a near 10 percent stake in UBS while Credit Suisse raised new funds from private investors. UBS AG is getting 6 billion Swiss francs ($5.3 bi

Published 17 Oct, 2008 12:00am

ECC informed of oil stock position

The Economic Co-ordination Committee (ECC) of the Cabinet has been presented oil stock position, indicating building up of petroleum products storages to an all-time high of 26 days as on October 13, 2008. The presentation reveals that Pakistan's strategi

Published 17 Oct, 2008 12:00am

US and Canada win EU beef hormone appeal at WTO

The World Trade Organisation's (WTO) top court largely backed the United States and Canada on Thursday in a mixed ruling in an appeal over the European Union's long-standing ban on beef treated with growth hormones.

Published 17 Oct, 2008 12:00am

India, US plan Arabian Sea war games

The US navy's nuclear-powered super-carrier USS Ronald Reagan will sail into the Arabian Sea on Saturday for war games with India as part of warming ties between the two sides, officials said Thursday. A nuclear submarine and five other warships from the

Published 17 Oct, 2008 12:00am

US industrial output posts biggest drop in 34 years

US industrial production posted the biggest monthly decline since 1974 while consumer prices were flat in September, according to reports on Thursday that built a compelling argument for more interest rate cuts to slow a steep economic slide. Adding to th

Published 17 Oct, 2008 12:00am

India, US plan Arabian Sea war games

The US navy's nuclear-powered super-carrier USS Ronald Reagan will sail into the Arabian Sea on Saturday for war games with India as part of warming ties between the two sides, officials said Thursday. A nuclear submarine and five other warships from the

Published 17 Oct, 2008 12:00am

Governments step up credit fight, US CP market shrinks

Most bank-to-bank loan rates fell on Thursday in the wake of more drastic steps by central banks to provide funds, improve bank balance sheets and open up credit lines to cash-strapped institutions. In the United States, data showed the critical commercia

Published 17 Oct, 2008 12:00am

Suicide bomber kills four in police station blast

A suicide bomber in the wee hours of Thursday rammed an explosive laden car into Mingora Police Station killing four persons and injuring 29 others. The blast also damaged building of the Mingora Press Club, offices of Daily Aazadi, Khyber News, Samma TV

Published 17 Oct, 2008 12:00am

Iran blames US 'hegemony' for financial crisis

Iran blamed the United States on Thursday for triggering global financial meltdown, saying the "hegemonic" nature of the US economy affected other economies. Speaking on the sidelines of a conference in Kazakhstan, Iranian Foreign Minister Manouchehr Mott

Published 17 Oct, 2008 12:00am

Suicide bomber kills four in police station blast

A suicide bomber in the wee hours of Thursday rammed an explosive laden car into Mingora Police Station killing four persons and injuring 29 others. The blast also damaged building of the Mingora Press Club, offices of Daily Aazadi, Khyber News, Samma TV

Published 17 Oct, 2008 12:00am

US opens probe into Washington Mutual collapse

US authorities have opened a wide-ranging probe into the collapse of Washington Mutual, the giant thrift that became one of the largest to fail as a result of the housing and credit crisis. A statement issued Wednesday by US Attorney Jeffrey Sullivan in S

Published 17 Oct, 2008 12:00am

Six killed in US missiles strike in South Waziristan

American drone on Thursday fired missiles in South Waziristan tribal region, killing six people and injuring five others, witnesses said. At least three missiles hit two houses of tribesmen in Saam Sagharzai area in Ladha, they said. The fresh attack came

Published 17 Oct, 2008 12:00am

Citigroup posts loss in fourth quarter

Citigroup Inc, battered by the global credit crisis, posted its fourth straight quarterly loss on Thursday, hurt by more than $13 billion of credit costs and write-downs tied to complex and low-quality debt. The bank said it was making good progress on sh

Published 17 Oct, 2008 12:00am

Six killed in US missiles strike in South Waziristan

American drone on Thursday fired missiles in South Waziristan tribal region, killing six people and injuring five others, witnesses said. At least three missiles hit two houses of tribesmen in Saam Sagharzai area in Ladha, they said. The fresh attack came

Published 17 Oct, 2008 12:00am

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

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

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

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

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

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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