News Archives for Print - 2009-01-04

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Cabinet thinks ministries habitually misrepresenting facts

The Cabinet has observed that ministries are habitually misrepresenting facts with the objective of seeking ex post facto approvals of agreements signed with other countries without its prior approval under Rule 16 of the Rules of Business, official sourc

Published 04 Jan, 2009 12:00am

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Textile ministry convenes meeting on Tuesday

The textile ministry has convened a meeting of textile sector on January 6 to formulate strategy on gas load management amid the prevailing worst-ever power and gas loadshedding which has brought the sector on the brink of closure.

Published 04 Jan, 2009 12:00am

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Textile ministry convenes meeting on Tuesday

The textile ministry has convened a meeting of textile sector on January 6 to formulate strategy on gas load management amid the prevailing worst-ever power and gas loadshedding which has brought the sector on the brink of closure.

Published 04 Jan, 2009 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Textile ministry convenes meeting on Tuesday

The textile ministry has convened a meeting of textile sector on January 6 to formulate strategy on gas load management amid the prevailing worst-ever power and gas loadshedding which has brought the sector on the brink of closure.

Published 04 Jan, 2009 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Complete shutterdown observed in Faisalabad

Complete shutter down was observed in industrial area and all shopping centres on Saturday against unscheduled prolonged load shedding and new high prices of gas and its non-availability. All shopping centres and markets at Satiana Road, Susan Road, Eight

Published 04 Jan, 2009 12:00am

THE RUPEE: 15 paisa fall on interbank market

Bearish sentiment was seen on the interbank market on Saturday as the rupee fell by 15 paisa against the dollar for buying and selling at 79.15 and 79.20, dealers said. They said that importers were busy in forward buying ahead of Ashura holidays to meet

Published 04 Jan, 2009 12:00am

Complete shutterdown observed in Faisalabad

Complete shutter down was observed in industrial area and all shopping centres on Saturday against unscheduled prolonged load shedding and new high prices of gas and its non-availability. All shopping centres and markets at Satiana Road, Susan Road, Eight

Published 04 Jan, 2009 12:00am

THE RUPEE: 15 paisa fall on interbank market

Bearish sentiment was seen on the interbank market on Saturday as the rupee fell by 15 paisa against the dollar for buying and selling at 79.15 and 79.20, dealers said. They said that importers were busy in forward buying ahead of Ashura holidays to meet

Published 04 Jan, 2009 12:00am

Complete shutterdown observed in Faisalabad

Complete shutter down was observed in industrial area and all shopping centres on Saturday against unscheduled prolonged load shedding and new high prices of gas and its non-availability. All shopping centres and markets at Satiana Road, Susan Road, Eight

Published 04 Jan, 2009 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Preparing FBR policies, next year''s budget: 14-member ''national tax committee'' to be constituted, says Tarin

Advisor to Prime Minister on Finance Shaukat Tarin has said that a 14-member ''national tax committee'' will be constituted soon to prepare Federal Board of Revenue (FBR) policies and help in preparing budget for the next year. Addressing a meeting of Sit

Published 04 Jan, 2009 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Preparing FBR policies, next year's budget: 14-member 'national tax committee' to be constituted, says Tarin

Advisor to Prime Minister on Finance Shaukat Tarin has said that a 14-member 'national tax committee' will be constituted soon to prepare Federal Board of Revenue (FBR) policies and help in preparing budget for the next year. Addressing a meeting of Site

Published 04 Jan, 2009 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Preparing FBR policies, next year's budget: 14-member 'national tax committee' to be constituted, says Tarin

Advisor to Prime Minister on Finance Shaukat Tarin has said that a 14-member 'national tax committee' will be constituted soon to prepare Federal Board of Revenue (FBR) policies and help in preparing budget for the next year. Addressing a meeting of Site

Published 04 Jan, 2009 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Gazprom files suit against Ukraine gas firm

Russian gas giant Gazprom announced Saturday it had decided to file a law suit against Ukraine''s national gas company Naftogaz to ensure transit of Russian gas through Ukrainian territory to Europe. In a statement sent to media, Gazprom chief executive A

Published 04 Jan, 2009 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Gazprom files suit against Ukraine gas firm

Russian gas giant Gazprom announced Saturday it had decided to file a law suit against Ukraine's national gas company Naftogaz to ensure transit of Russian gas through Ukrainian territory to Europe. In a statement sent to media, Gazprom chief executive Al

Published 04 Jan, 2009 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from January 04, 2009.

Published 04 Jan, 2009 12:00am

Gazprom files suit against Ukraine gas firm

Russian gas giant Gazprom announced Saturday it had decided to file a law suit against Ukraine's national gas company Naftogaz to ensure transit of Russian gas through Ukrainian territory to Europe. In a statement sent to media, Gazprom chief executive Al

Published 04 Jan, 2009 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from January 04, 2009.

Published 04 Jan, 2009 12:00am

Ukraine warns EU of ''serious gas problems'' in 10 days

Kiev on Saturday warned the European Union the bloc could face "serious problems" within 10 days with Russian gas deliveries transiting Ukraine, after Moscow cut off all gas supplies to its neighbour. Several EU states were already reporting shortfalls of

Published 04 Jan, 2009 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from January 04, 2009.

Published 04 Jan, 2009 12:00am

Ukraine warns EU of 'serious gas problems' in 10 days

Kiev on Saturday warned the European Union the bloc could face "serious problems" within 10 days with Russian gas deliveries transiting Ukraine, after Moscow cut off all gas supplies to its neighbour. Several EU states were already reporting shortfalls of

Published 04 Jan, 2009 12:00am

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Ukraine warns EU of 'serious gas problems' in 10 days

Kiev on Saturday warned the European Union the bloc could face "serious problems" within 10 days with Russian gas deliveries transiting Ukraine, after Moscow cut off all gas supplies to its neighbour. Several EU states were already reporting shortfalls of

Published 04 Jan, 2009 12:00am

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Two soldiers killed in Dera Bughti landmine blast

Two paramilitary soldiers were killed and four wounded in a landmine explosion in Dera Bughti on Saturday, an official said. The soldiers were patrolling a gas field in Dera Bugti when a landmine planted on a roadside exploded under their vehicle."Two sol

Published 04 Jan, 2009 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Two soldiers killed in Dera Bughti landmine blast

Two paramilitary soldiers were killed and four wounded in a landmine explosion in Dera Bughti on Saturday, an official said. The soldiers were patrolling a gas field in Dera Bugti when a landmine planted on a roadside exploded under their vehicle."Two sol

Published 04 Jan, 2009 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Israeli mobilises thousands as troops, tanks enter Gaza: Hamas says kills a group of Israeli soldiers

A senior Hamas official said on Saturday that Hamas fighters had killed a number of Israeli soldiers in eastern Gaza. Mohammad Nazzal, who is based in Damascus, reported the deaths on Dubai-based Al Arabiya television. He gave no exact figures.

Published 04 Jan, 2009 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Israeli mobilises thousands as troops, tanks enter Gaza: Hamas says kills a group of Israeli soldiers

A senior Hamas official said on Saturday that Hamas fighters had killed a number of Israeli soldiers in eastern Gaza. Mohammad Nazzal, who is based in Damascus, reported the deaths on Dubai-based Al Arabiya television. He gave no exact figures.

Published 04 Jan, 2009 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 04 Jan, 2009 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (January 03, 2009).

Published 04 Jan, 2009 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 Saturday (January 03, 2009).

Published 04 Jan, 2009 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 Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (January 03, 2009).

Published 04 Jan, 2009 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 Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (January 03, 2009).

Published 04 Jan, 2009 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (January 03, 2009).

Published 04 Jan, 2009 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 04 Jan, 2009 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 04 Jan, 2009 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 04 Jan, 2009 12:00am

US corn futures close higher

US corn futures closed higher on Friday following gains in the crude oil market but the trade was thin, which led to volatile dealings. CBOT corn closed 3-3/4 to 6-1/4 cents per bushel higher, with March up 5-1/4 at $4.12-1/4 per bushel. Rain early this w

Published 04 Jan, 2009 12:00am

KCBT wheat futures rise

Hard red winter wheat futures on the Kansas City Board of Trade ended Friday's two-sided session higher, helped by strong export sales and an upturn in crude oil values. Benchmark March ended up 3-1/2 cents a bushel at $6.33-1/2, after falling as low as $

Published 04 Jan, 2009 12:00am

US drillers brace for sharp slowdown, rig shakeout

A steady decline in both energy prices and the economy last quarter will prompt even more talk this month among US drillers, oilfield services companies and their investors about one number: the rig count. The sidelining of hundreds of rigs from the marke

Published 04 Jan, 2009 12:00am

FOB Gulf corn, soy export premiums hold steady

US corn and soybean export premiums held steady on Friday but soft wheat values fell amid poor export demand and rising futures prices, traders said. Farmer selling picked up this week and was expected to continue with the start of a new tax year.

Published 04 Jan, 2009 12:00am

US wheat futures higher

US wheat futures edged higher in thin trading on Friday, helped by a rally in crude oil, traders said. Light volumes made for volatile trading. Wheat futures fluctuated between positive and negative territory throughout the day. Strength in the US dollar,

Published 04 Jan, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 117,497 tonnes of cargo including 95,007 tonnes of import, 22,490 tonnes of export, 2,376 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday. The freights comprised of 51,090 tonnes of dry car

Published 04 Jan, 2009 12:00am

Canadian canola futures higher

ICE Canadian canola futures ended higher on Friday, supported by crusher buying and gains in crude oil, traders said. January canola went untraded, while March closed up $5.40 at $419 a tonne, with 4,192 contracts traded. Spreading was negligible, with 13

Published 04 Jan, 2009 12:00am

US Midwest corn basis mostly firm, soy weaker

US Midwest spot corn basis was mostly steady to firm on Friday amid slow country movement, but soybean basis was steady to weaker as increased farmer selling over the past week pressured bids, grain dealers said. Dealers reported some light soybean sales

Published 04 Jan, 2009 12:00am

Spot rate down Rs 50 on cotton market

Spot rate failed to maintain its firmness amid issuance of the Pakistan Cotton Ginners Association (PCGA) fortnightly report, dealers said on the cotton market on Saturday. The official spot rate was reduced by Rs 50 to Rs 3250, they said. Phutti prices i

Published 04 Jan, 2009 12:00am

Dry fruits show mixed trend on Jodia Bazaar

The trading in dry fruits showed mixed trend on Jodia Bazaar here on Saturday. The following changes were observed.

Published 04 Jan, 2009 12:00am

Thin trade on grain market

Some variations were seen on the grain market on Saturday as most of the participants kept to sidelines in the absence of fresh leads, dealers said. On the cereals side, wheat old bardana was quoted at Rs 2750-2800 and wheat new Bardana registered at Rs 2

Published 04 Jan, 2009 12:00am

World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 37.64 cents per pound, effective through January 8. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next anno

Published 04 Jan, 2009 12:00am

US copper futures post gains

US copper futures closed at a 3-week high on Friday, the first trading day of the year, with broad-based gains in the London base metals complex and a firmer tone in the price of crude oil fuelling the rally. Copper for March delivery rose 5.10 cents, or

Published 04 Jan, 2009 12:00am

US gold lower

US gold futures ended lower in quiet trade Friday on a stronger dollar, but bullion will resume its rally, if the metal can continue to thrive as a monetary vehicle during economic turmoil, traders said.

Published 04 Jan, 2009 12:00am

Weekly export sales of US corn hit a marketing-year low

Weekly export sales of US corn hit a marketing-year low as cheap feed wheat from around the world continued to hamper sales, traders said on Friday. "Corn exports are pretty grim and we think they are going to stay that way for some time," said Gavin Magu

Published 04 Jan, 2009 12:00am

US rice futures weaken

US rough rice futures closed weak on Friday on profit taking after the strong gains posted late last week and early this week. CBOT rice closed 3-1-2 to 15-1-2 cents per cwt lower, with January down 4-1-2 at $15.29-1-2 per cwt. USDA said rice exports last

Published 04 Jan, 2009 12:00am

New York coffee down

Arabica coffee finished lower on Friday, retracing the surge from the last day of 2008 in thin post-holiday volume, traders said. The market was closed Thursday for New Year's Day. The March arabica coffee contracts fell 1.15 cents to close at $1.1090 per

Published 04 Jan, 2009 12:00am

US soybean lower

US soybean futures closed lower on Friday on profit taking after strong gains on Wednesday, but the volume was very light, leading to volatile dealings. CBOT soy was down 2 to 3-1-2 cents per bushel, with January down 2-1-4 at $9.70 per bushel. Rain early

Published 04 Jan, 2009 12:00am

Asian crude: awaits Middle East OSPs

The Middle East and Asia-Pacific markets opened the year on a quiet note on Friday as traders awaited the release of more Middle East crude official selling prices (OSPs).

Published 04 Jan, 2009 12:00am

Asian naphtha higher

Asian naphtha rose to a month's high on Friday, while cracks reverted to their premium status on after flipping into a discount two days ago as traders expect supplies to tighten on robust demand.

Published 04 Jan, 2009 12:00am

US cocoa futures sink

US cocoa futures fell on Friday, giving back all of the steep gains made the last day of 2008, in chart-based dealings made more volatile by thin volume following the New Year's Day holiday, traders said. The market was closed Thursday for New Year's Day.

Published 04 Jan, 2009 12:00am

New York sugar futures settles marginally firmer

Raw sugar futures settled marginally firmer on Friday on thin buying by small investors and the market seemed content to consolidate as many players were still away following the year-end holidays, brokers said. The sugar market was shut on Thursday for N

Published 04 Jan, 2009 12:00am

Commodities mostly slide in 2008

Commodities rode a rocky ride in 2008, with crude oil, gold and base metals hitting historic peaks on supply woes, before tumbling as a global financial crisis sparked demand worries. "Commodity markets have had to cope with a complete reshaping of the ec

Published 04 Jan, 2009 12:00am

'US gas tax needs hike, overhaul'

US drivers need to pay more gas taxes and new user fees to fix crumbling roads and bridges and ease congested highways, a transportation commission is set to recommend to Congress later this month.

Published 04 Jan, 2009 12:00am

Toyota to freeze Thailand, Russia factory plans

Toyota Motor Corp, the world's biggest automaker, will freeze plans to build new factories in Thailand and Russia due to sluggish demand world-wide, Japan's Sankei newspaper reported on Saturday. Toyota last month forecast a first-ever annual operating lo

Published 04 Jan, 2009 12:00am

Chrysler gets $4 billion loan

Chrysler LLC on Friday received an initial $4 billion emergency loan from the US government, two days after the government completed a parallel payout to its larger rival General Motors Corp. "This initial loan will allow the company to continue an orderl

Published 04 Jan, 2009 12:00am

US governors seek $1 trillion federal assistance

Governors of five US states urged the federal government to provide $1 trillion in aid to the country's 50 states to help pay for education, welfare and infrastructure as states struggle with steep budget deficits amid a deepening recession.

Published 04 Jan, 2009 12:00am

US banks borrow less but still lean heavily on Fed

US banks' direct borrowing from the Federal Reserve slipped in the latest week but the financial system remained heavily dependent on the lender of last resort amid the biggest credit crisis in many decades, Fed data released on Friday showed. Banks' over

Published 04 Jan, 2009 12:00am

China's oil experts start work on Iraqi field

Chinese oil engineers have begun work on developing a major Iraqi oil field following the signing of a three billion dollar contract, a senior Iraqi official said on Saturday. The project, the first major oil development deal secured by a foreign firm in

Published 04 Jan, 2009 12:00am

World-wide semiconductor sales fall

World-wide semiconductor sales fell to 20.8 billion dollars in November, a decline of 9.8 percent compared with the same month last year, the Semiconductor Industry Association (SIA) reported Friday. The San Jose, California-based SIA said global sales of

Published 04 Jan, 2009 12:00am

Richest German families lose billions in crisis

Germany's 20 wealthiest families have lost about 40 billion euros (55 billion dollars) in the economic crisis in share values alone, the financial magazine WirtschaftsWoche reported Saturday. The richest families have lost "30 percent on average" of their

Published 04 Jan, 2009 12:00am

Japan geothermal projects pick up after 20 years

Several Japanese firms will kick off new projects to build geothermal power plans this year for the first time in nearly two decades, the Nikkei business daily reported on Saturday. Mitsubishi Materials Corp, Electric Power Development Co, or J-Power, Nit

Published 04 Jan, 2009 12:00am

Saudi Arabia's money supply growth eases

Annual growth in Saudi Arabia's money supply slowed in November to its lowest level in at least a year, official data showed on Saturday, despite bold moves to inject cash into the banking system to keep the economy growing.

Published 04 Jan, 2009 12:00am

Major Hollywood studios make record foreign sales year

Major Hollywood studios defied the global economic meltdown to rake in record overseas profits in 2008 at about 9.9 billion dollars, a four-percent increase from 9.5 billion in 2007, according to media reports published Friday.

Published 04 Jan, 2009 12:00am

Italy watchdog fines nine power firms

Italy's antitrust authority said on Saturday it had imposed fines totalling 1.275 million euros ($1.77 million) on nine gas and electricity companies for misleading consumers about their tariffs. In a statement, the regulator said the nine companies, incl

Published 04 Jan, 2009 12:00am

Japan's jobless overrun Tokyo city park tent village

A tent village set up in a Tokyo park for the country's growing number of jobless has filled up so fast it has been moved to a government building to accommodate the overflow. The government offered a ministry hall late Friday to house more than 250 unemp

Published 04 Jan, 2009 12:00am

UK looks at new steps to encourage lending

Fresh evidence of the severity of the credit squeeze has forced British finance minister Alistair Darling to consider new measures to get lending flowing again, The Times reported on Saturday. The newspaper said Darling would decide "within weeks whether

Published 04 Jan, 2009 12:00am

World stocks cheer in new year after horrible 2008

Global stocks skyrocketed on Friday in the first trading day of 2009 amid investor hopes for a brighter year ahead after a horrendous 2008 that hacked down stock markets around the world. On Wall Street, stocks staged a powerful rally as investors bet on

Published 04 Jan, 2009 12:00am

Canadian bonds fall

The Canadian bond prices reversed early strength as rising North American stock markets gathered momentum and despite dismal US factory data. A US index of manufacturing activity fell more than expected to a 28-year low, but its boost to government debt w

Published 04 Jan, 2009 12:00am

Canadian bonds fall

The Canadian bond prices reversed early strength as rising North American stock markets gathered momentum and despite dismal US factory data. A US index of manufacturing activity fell more than expected to a 28-year low, but its boost to government debt w

Published 04 Jan, 2009 12:00am

Chile stocks end firmer

Chile's blue chip stocks rallied on Friday, led by banking, electric sector and commodity shares. The blue chip IPSA index rose 2.52 percent to close at 2,436.52 points, while the all market IGPA rose 2.01 percent to 11,551.69 points. Wednesday and Thursd

Published 04 Jan, 2009 12:00am

US corporate bonds spread little changed

US credit spreads were little changed overall on Monday, while GMAC's bonds extended gains after a $6 billion federal bailout of the finance company earlier this week. Trading volumes were thin, as desks remained lightly staffed after Thursday's New Year'

Published 04 Jan, 2009 12:00am

US corporate bonds spread little changed

US credit spreads were little changed overall on Monday, while GMAC's bonds extended gains after a $6 billion federal bailout of the finance company earlier this week. Trading volumes were thin, as desks remained lightly staffed after Thursday's New Year'

Published 04 Jan, 2009 12:00am

US bonds plunge

US Treasuries plunged in thin volume on Friday as surging stocks curbed government debt's safe haven allure, even after a dismal manufacturing report signalled the United States was sinking deeper into recession. Despite the drop in prices on Friday howev

Published 04 Jan, 2009 12:00am

US bonds plunge

US Treasuries plunged in thin volume on Friday as surging stocks curbed government debt's safe haven allure, even after a dismal manufacturing report signalled the United States was sinking deeper into recession. Despite the drop in prices on Friday howev

Published 04 Jan, 2009 12:00am

Cheap acquisitions may be SPACs' last chance

The blank-check companies known as SPACs, which have raised billions but not yet made the acquisitions that money is supposed to be spent on, are in a race against time. The success of these 57 companies in spending the $11.3 billion they have raised in s

Published 04 Jan, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 19	278.08
USD PKR Interbank Buying / Sep 19	277.78
USD to Japanese Yen / Sep 19	142.53
USD to Swiss Franc / Sep 19	0.85
Pound Sterling to USD / Sep 19	1.32
Euro to USD / Sep 19	1.11

Stock	Volume
S&P 500 / Sep 19	5,618.26
India Sensex / Sep 19	83,128.61
Tokyo Nikkei / Sep 19	37,180.81
Nasdaq / Sep 19	17,573.30
Hang Seng / Sep 19	17,987.40
FTSE 100 / Sep 19	8,309.81
Dow Jones / Sep 19	41,503.10
Germany DAX 30 / Sep 19	18,815.30

Item	Value
Gold 10 Grams PKR / Sep 18	227,713.10
Petrol/Litre / Sep 19	249.10
Crude Oil USD/Barrel / Sep 19	71.01
Karachi Cotton PKR/37.32 KG / Sep 19	18,935
Gold Spot USD/Ounce / Sep 19	2,575.34
Diesel/Litre / Sep 19	249.69

Stock	Price
786 Invest Ltd / Sep 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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