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Print - 2009-01-02
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 01, 2009).

Published 02 Jan, 2009 12:00am
NIT launches Rs 20 billion State Enterprise Fund

NIT launches Rs 20 billion State Enterprise Fund

The National Investment Trust (NIT) has formally launched the much awaited Rs 20 billion NIT State Enterprise Fund (NIT-SEF) on Thursday. This is an open-end fund and is a separate fund in all respects from the existing funds being managed by NIT, Tariq I
Published 02 Jan, 2009 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (January 01, 2009) and for Friday (January 02, 2009).
Published 02 Jan, 2009 12:00am
FBR team to start work on new VAT law

FBR team to start work on new VAT law

An expert team of the Federal Board of Revenue (FBR) would start working on the new Value Added Tax (VAT) law for fully implementation of the VAT as agreed with the IMF. It has been agreed between the FBR and the IMF that the government will initiate a pr
Published 02 Jan, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 01, 2009).

Published 02 Jan, 2009 12:00am
BRIndex30 sheds 126.54 points

BRIndex30 sheds 126.54 points

On Thursday, BRIndex30 opened in the red zone at 4,782.38 and remained there for whole of the trading time. It closed at 4,773.84 with a net negative change of -126.54 points and percentage change of -2.58. It recorded intra-day high of 4,783.49 and intra
Published 02 Jan, 2009 12:00am
BRIndex30 sheds 126.54 points

BRIndex30 sheds 126.54 points

On Thursday, BRIndex30 opened in the red zone at 4,782.38 and remained there for whole of the trading time. It closed at 4,773.84 with a net negative change of -126.54 points and percentage change of -2.58. It recorded intra-day high of 4,783.49 and intra
Published 02 Jan, 2009 12:00am
Index sheds 111.83 points

Index sheds 111.83 points

The benchmark KSE-100 index on Thursday lost another 111.83 points and settled at 5,753.18 points level due to continuous selling pressure on the first session of the new year. Trading volume at the ready market stood at 75.434 million as compared to 78.6
Published 02 Jan, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 01, 2009).

Published 02 Jan, 2009 12:00am
Index sheds 111.83 points

Index sheds 111.83 points

The benchmark KSE-100 index on Thursday lost another 111.83 points and settled at 5,753.18 points level due to continuous selling pressure on the first session of the new year. Trading volume at the ready market stood at 75.434 million as compared to 78.6
Published 02 Jan, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 01, 2009).

Published 02 Jan, 2009 12:00am
Index sheds 111.83 points

Index sheds 111.83 points

The benchmark KSE-100 index on Thursday lost another 111.83 points and settled at 5,753.18 points level due to continuous selling pressure on the first session of the new year. Trading volume at the ready market stood at 75.434 million as compared to 78.6
Published 02 Jan, 2009 12:00am
Gilani trying to assert authority on 'disobedient' ministries

Gilani trying to assert authority on 'disobedient' ministries

Prime Minister Syed Yousuf Raza Gilani is trying to assert his authority at least on the 'disobedient' ministries which are reportedly not taking him into confidence prior to taking important policy decisions, well informed sources told Business Record
Published 02 Jan, 2009 12:00am
THE RUPEE: moves both way

THE RUPEE: moves both way

The rupee moved both ways on the open market on Thursday at the starting session of the new-year 2009, dealers said. On the open market, the rupee lost 30 paisa against the dollar for buying and selling at 78.80 and 79.30, they said. The rupee gained mode
Published 02 Jan, 2009 12:00am
Gilani trying to assert authority on 'disobedient' ministries

Gilani trying to assert authority on 'disobedient' ministries

Prime Minister Syed Yousuf Raza Gilani is trying to assert his authority at least on the 'disobedient' ministries which are reportedly not taking him into confidence prior to taking important policy decisions, well informed sources told Business Record
Published 02 Jan, 2009 12:00am
THE RUPEE: moves both way

THE RUPEE: moves both way

The rupee moved both ways on the open market on Thursday at the starting session of the new-year 2009, dealers said. On the open market, the rupee lost 30 paisa against the dollar for buying and selling at 78.80 and 79.30, they said. The rupee gained mode
Published 02 Jan, 2009 12:00am
Railways responsible for slow supply of furnace oil to Wapda: PSO

Railways responsible for slow supply of furnace oil to Wapda: PSO

Pakistan State Oil (PSO) has held Pakistan Railways responsible for slow supply of furnace oil to Wapda thermal power stations, resulting in lower power generation, sources in the Petroleum Ministry told Business Recorder here on Thursday.
Published 02 Jan, 2009 12:00am
Railways responsible for slow supply of furnace oil to Wapda: PSO

Railways responsible for slow supply of furnace oil to Wapda: PSO

Pakistan State Oil (PSO) has held Pakistan Railways responsible for slow supply of furnace oil to Wapda thermal power stations, resulting in lower power generation, sources in the Petroleum Ministry told Business Recorder here on Thursday.
Published 02 Jan, 2009 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (January 01, 2009).

Published 02 Jan, 2009 12:00am
Railways responsible for slow supply of furnace oil to Wapda: PSO

Railways responsible for slow supply of furnace oil to Wapda: PSO

Pakistan State Oil (PSO) has held Pakistan Railways responsible for slow supply of furnace oil to Wapda thermal power stations, resulting in lower power generation, sources in the Petroleum Ministry told Business Recorder here on Thursday.
Published 02 Jan, 2009 12:00am
Zardari convenes meeting on power and gas crisis today

Zardari convenes meeting on power and gas crisis today

The government is compelled to immediately allocate Rs 80 billion to Water and Power Development Authority (Wapda) and Independent Power Producers (IPPs) to clear dues of fuel suppliers and ensure a smooth supply to continue operations.
Published 02 Jan, 2009 12:00am
Zardari convenes meeting on power and gas crisis today

Zardari convenes meeting on power and gas crisis today

The government is compelled to immediately allocate Rs 80 billion to Water and Power Development Authority (Wapda) and Independent Power Producers (IPPs) to clear dues of fuel suppliers and ensure a smooth supply to continue operations.
Published 02 Jan, 2009 12:00am
Zardari convenes meeting on power and gas crisis today

Zardari convenes meeting on power and gas crisis today

The government is compelled to immediately allocate Rs 80 billion to Water and Power Development Authority (Wapda) and Independent Power Producers (IPPs) to clear dues of fuel suppliers and ensure a smooth supply to continue operations.
Published 02 Jan, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Jan, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (January 01, 2009).

Published 02 Jan, 2009 12:00am
Pakistan and India exchange lists of nuclear installations

Pakistan and India exchange lists of nuclear installations

Pakistan and India on Thursday exchanged lists of their respective nuclear installations and facilities in accordance with Article-II of the agreement on prohibition of attacks against nuclear installations and facilities of December 31, 1988.
Published 02 Jan, 2009 12:00am
Pakistan and India exchange lists of nuclear installations

Pakistan and India exchange lists of nuclear installations

Pakistan and India on Thursday exchanged lists of their respective nuclear installations and facilities in accordance with Article-II of the agreement on prohibition of attacks against nuclear installations and facilities of December 31, 1988.
Published 02 Jan, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Jan, 2009 12:00am
Government urged to withdraw CNG tariff hike by January 5

Government urged to withdraw CNG tariff hike by January 5

All Pakistan Compressed Natural Gas (CNG) Association on Thursday gave the deadline of January 5 to the government to close all CNG stations throughout the country if the government did not withdraw the decision of gas tariff hike.
Published 02 Jan, 2009 12:00am
Government urged to withdraw CNG tariff hike by January 5

Government urged to withdraw CNG tariff hike by January 5

All Pakistan Compressed Natural Gas (CNG) Association on Thursday gave the deadline of January 5 to the government to close all CNG stations throughout the country if the government did not withdraw the decision of gas tariff hike.
Published 02 Jan, 2009 12:00am
Government urged to withdraw CNG tariff hike by January 5

Government urged to withdraw CNG tariff hike by January 5

All Pakistan Compressed Natural Gas (CNG) Association on Thursday gave the deadline of January 5 to the government to close all CNG stations throughout the country if the government did not withdraw the decision of gas tariff hike.
Published 02 Jan, 2009 12:00am
Pakistan claims significant developments in Mumbai probe

Pakistan claims significant developments in Mumbai probe

Foreign Minister Shah Mahmood Qureshi said on Thursday his country had made significant developments in a probe into November's Mumbai terrorist attacks, which left more than 170 people dead and over 300 injured.
Published 02 Jan, 2009 12:00am
Pakistan claims significant developments in Mumbai probe

Pakistan claims significant developments in Mumbai probe

Foreign Minister Shah Mahmood Qureshi said on Thursday his country had made significant developments in a probe into November's Mumbai terrorist attacks, which left more than 170 people dead and over 300 injured.
Published 02 Jan, 2009 12:00am
'Democratic government taking bold steps to transform Pakistan'

'Democratic government taking bold steps to transform Pakistan'

Asserting that Pakistan's democratic government was taking bold steps to alleviate the "long neglected social and economic consequences" from years of dictatorship, a Pakistani embassy official on Wednesday took issue with the views expressed by a defence
Published 02 Jan, 2009 12:00am
US drone, militants kill 11 in Waziristan, Swat

US drone, militants kill 11 in Waziristan, Swat

Two missiles fired from what is believed to be a US pilotless aircraft on Thursday killed five militants in South Waziristan, while three separate incidents involving suspected Taliban insurgents in other areas left seven people dead, officials and reside
Published 02 Jan, 2009 12:00am
US drone, militants kill 11 in Waziristan, Swat

US drone, militants kill 11 in Waziristan, Swat

Two missiles fired from what is believed to be a US pilotless aircraft on Thursday killed five militants in South Waziristan, while three separate incidents involving suspected Taliban insurgents in other areas left seven people dead, officials and reside
Published 02 Jan, 2009 12:00am
Pakistan''s foreign exchange reserves up by $227 million

Pakistan''s foreign exchange reserves up by $227 million

The country''s liquid foreign exchange reserves surged by some 227 million dollars during the last week. The total liquid foreign exchange reserves held by the country stood at 9.662 billion dollars on December 27, 2008 as compared to 9.435 billion dollar
Published 02 Jan, 2009 12:00am
Pakistan's foreign exchange reserves up by $227 million

Pakistan's foreign exchange reserves up by $227 million

The country's liquid foreign exchange reserves surged by some 227 million dollars during the last week. The total liquid foreign exchange reserves held by the country stood at 9.662 billion dollars on December 27, 2008 as compared to 9.435 billion dollars
Published 02 Jan, 2009 12:00am
Pakistan's foreign exchange reserves up by $227 million

Pakistan's foreign exchange reserves up by $227 million

The country's liquid foreign exchange reserves surged by some 227 million dollars during the last week. The total liquid foreign exchange reserves held by the country stood at 9.662 billion dollars on December 27, 2008 as compared to 9.435 billion dollars
Published 02 Jan, 2009 12:00am
Tax Investment Scheme yields Rs 1.54 billion till December 31

Tax Investment Scheme yields Rs 1.54 billion till December 31

The Federal Board of Revenue has collected a huge amount of Rs 1.54 billion from the Tax Investment Scheme (TIS) by 10,828 declarations made for the legalisation of undisclosed and unexplained assets and income till December 31, 2008.
Published 02 Jan, 2009 12:00am
Tax Investment Scheme yields Rs 1.54 billion till December 31

Tax Investment Scheme yields Rs 1.54 billion till December 31

The Federal Board of Revenue has collected a huge amount of Rs 1.54 billion from the Tax Investment Scheme (TIS) by 10,828 declarations made for the legalisation of undisclosed and unexplained assets and income till December 31, 2008.
Published 02 Jan, 2009 12:00am
Tax Investment Scheme yields Rs 1.54 billion till December 31

Tax Investment Scheme yields Rs 1.54 billion till December 31

The Federal Board of Revenue has collected a huge amount of Rs 1.54 billion from the Tax Investment Scheme (TIS) by 10,828 declarations made for the legalisation of undisclosed and unexplained assets and income till December 31, 2008.
Published 02 Jan, 2009 12:00am
Violent protest against power outages in Faisalabad

Violent protest against power outages in Faisalabad

Massive power shortage brought life in Faisalabad to a standstill on Thursday. Hundreds of power looms workers took to the streets, they protested over continued power outages and blocked city's main arteries. According to sources, protestors surrounded l
Published 02 Jan, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (January 01, 2009).

Published 02 Jan, 2009 12:00am
Violent protest against power outages in Faisalabad

Violent protest against power outages in Faisalabad

Massive power shortage brought life in Faisalabad to a standstill on Thursday. Hundreds of power looms workers took to the streets, they protested over continued power outages and blocked city's main arteries. According to sources, protestors surrounded l
Published 02 Jan, 2009 12:00am
Wells Fargo completes Wachovia purchase

Wells Fargo completes Wachovia purchase

Wells Fargo & Co said it has completed its roughly $12.7 billion purchase of Wachovia Corp, a big bet that it properly assessed the risks in Wachovia's huge book of mortgage and real estate loans. The merger closed on Wednesday and more than doubles the s
Published 02 Jan, 2009 12:00am
LSE index close down

LSE index close down

There was no let up in selling pressure at the Lahore Stock Exchange (LSE) on Thursday where LSE-25 index further down by 41.37 points amid ascending transaction volume. The LSE-25 index closed at 1450.57 points against 1491.94 points of Wednesday, while
Published 02 Jan, 2009 12:00am
New York cotton

New York cotton

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

Published 02 Jan, 2009 12:00am
LSE index close down

LSE index close down

There was no let up in selling pressure at the Lahore Stock Exchange (LSE) on Thursday where LSE-25 index further down by 41.37 points amid ascending transaction volume. The LSE-25 index closed at 1450.57 points against 1491.94 points of Wednesday, while
Published 02 Jan, 2009 12:00am
New York cotton

New York cotton

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

Published 02 Jan, 2009 12:00am
Banking industry begins to show signs of slowdown

Banking industry begins to show signs of slowdown

After witnessing a strong growth during last few years, the banking industry has now started showing signs of slowdown, as deposits, assets, investment and profitability of banking sector is on decline while credit risk, market risk, interest risk, NPLs a
Published 02 Jan, 2009 12:00am
Banking industry begins to show signs of slowdown

Banking industry begins to show signs of slowdown

After witnessing a strong growth during last few years, the banking industry has now started showing signs of slowdown, as deposits, assets, investment and profitability of banking sector is on decline while credit risk, market risk, interest risk, NPLs a
Published 02 Jan, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 122,858 tonnes of cargo including 78,372 tonnes of import, 44,486 tonnes of export, 4,810 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The freights comprised of 100,441 tonnes of dry ca
Published 02 Jan, 2009 12:00am
Banking industry begins to show signs of slowdown

Banking industry begins to show signs of slowdown

After witnessing a strong growth during last few years, the banking industry has now started showing signs of slowdown, as deposits, assets, investment and profitability of banking sector is on decline while credit risk, market risk, interest risk, NPLs a
Published 02 Jan, 2009 12:00am
Rising trend on grain market

Rising trend on grain market

Upward trend was seen on the grain market on Thursday as wheat prices maintained the rise in process of strong demand by the buyers, dealers said. On the cereals side, wheat old and new Bardana gained Rs 75 to Rs 2700-2715, guwar Sindh was up by Rs 50 to
Published 02 Jan, 2009 12:00am
Sri Lankan November tea output down on low prices, demand

Sri Lankan November tea output down on low prices, demand

Sri Lankan tea output fell 9.6 percent in November as the state Tea Board urged producers to cut production on low global prices and reduced demand from buyers, officials said on Wednesday. Tea output fell to 24.64 million kg from 27.27 million kg in Nove
Published 02 Jan, 2009 12:00am
US Midwest corn and soy bids steady to weaker

US Midwest corn and soy bids steady to weaker

Spot corn and soybean basis bids were steady to weaker around the interior US Midwest on Wednesday, with some elevators and processors easing bids following a recent wave of farmer selling, dealers said. Corn and soybean bids were steady to firm along Mid
Published 02 Jan, 2009 12:00am
July-December tax collections up by Rs 108 billion

July-December tax collections up by Rs 108 billion

The Federal Board of Revenue (FBR) has provisionally collected Rs 538 billion in July-December (2008-2009) against Rs 430 billion in the corresponding period last fiscal, reflecting an increase of Rs 108 billion. Sources told Business Recorder on T
Published 02 Jan, 2009 12:00am
Strong mills' demand persists on cotton market

Strong mills' demand persists on cotton market

Cotton prices went up on the cotton market on Thursday due to strong demand by the mills, dealers said. The official spot rate gained Rs 75 at Rs 3,200, they said. The phutti prices were sharply higher in both the Punjab and Sindh at Rs 1550-1700, they ad
Published 02 Jan, 2009 12:00am
July-December tax collections up by Rs 108 billion

July-December tax collections up by Rs 108 billion

The Federal Board of Revenue (FBR) has provisionally collected Rs 538 billion in July-December (2008-2009) against Rs 430 billion in the corresponding period last fiscal, reflecting an increase of Rs 108 billion. Sources told Business Recorder on T
Published 02 Jan, 2009 12:00am
Sudden surge in cotton prices

Sudden surge in cotton prices

Regular lifting by the domestic mills, continuous buying by the Trading Corporation of Pakistan (TCP) and abiding interest of the exporters to procure cotton has catapulted lint prices by Rs 300 to Rs 400 per maund (37.32 kgs) since last week. Prices of s
Published 02 Jan, 2009 12:00am
July-December tax collections up by Rs 108 billion

July-December tax collections up by Rs 108 billion

The Federal Board of Revenue (FBR) has provisionally collected Rs 538 billion in July-December (2008-2009) against Rs 430 billion in the corresponding period last fiscal, reflecting an increase of Rs 108 billion. Sources told Business Recorder on T
Published 02 Jan, 2009 12:00am
Sudden surge in cotton prices

Sudden surge in cotton prices

Regular lifting by the domestic mills, continuous buying by the Trading Corporation of Pakistan (TCP) and abiding interest of the exporters to procure cotton has catapulted lint prices by Rs 300 to Rs 400 per maund (37.32 kgs) since last week. Prices of s
Published 02 Jan, 2009 12:00am
Will 2009 witness boom or doom?

Will 2009 witness boom or doom?

The world has witnessed one of the most difficult year (2008) that has passed, but what is more worrisome is that 2009 could be worse. We fear bigger decline and more problems, as the crisis is unlikely to end this calendar year due to global recessionary
Published 02 Jan, 2009 12:00am
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