News Archives for Print - 2009-02-04

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Motorway Police to be modernised: Gilani

The government would use all possible resources to modernise the Motorway Police for ensuring safety of commuters through public awareness campaigns and observing merit in recruitment. This was stated by Prime Minister Yusuf Raza Gilani in a meeting with

Published 04 Feb, 2009 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

US will use 'all elements' of its power with Iran

The United States will use "all elements of our national power" to deal with Iran, White House spokesman Robert Gibbs said Tuesday after Iran said it had launched a satellite into orbit.

Published 04 Feb, 2009 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

US will use 'all elements' of its power with Iran

The United States will use "all elements of our national power" to deal with Iran, White House spokesman Robert Gibbs said Tuesday after Iran said it had launched a satellite into orbit.

Published 04 Feb, 2009 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

GST on services `illegally'' collected by FBR: Sindh asks Centre to refund Rs 213 billion

Sindh Assembly, through unanimously adopting a Muttahida Qaumi Movement (MQM)-backed resolution on Tuesday demanded of the federal government to direct the Federal Board of Revenue (FBR) to stop the "illegal and unconstitutional" practice of collecting ge

Published 04 Feb, 2009 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

GST on services `illegally' collected by FBR: Sindh asks Centre to refund Rs 213 billion

Sindh Assembly, through unanimously adopting a Muttahida Qaumi Movement (MQM)-backed resolution on Tuesday demanded of the federal government to direct the Federal Board of Revenue (FBR) to stop the "illegal and unconstitutional" practice of collecting ge

Published 04 Feb, 2009 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

GST on services `illegally' collected by FBR: Sindh asks Centre to refund Rs 213 billion

Sindh Assembly, through unanimously adopting a Muttahida Qaumi Movement (MQM)-backed resolution on Tuesday demanded of the federal government to direct the Federal Board of Revenue (FBR) to stop the "illegal and unconstitutional" practice of collecting ge

Published 04 Feb, 2009 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

World Court settles 40-year dispute over Black Sea

A 40-year dispute between Romania and Ukraine over an energy-rich area of the Black Sea was resolved Tuesday as the International Court of Justice drew a border giving Romania the larger share. The decision focused partly on a rocky and inhospitable islan

Published 04 Feb, 2009 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

World Court settles 40-year dispute over Black Sea

A 40-year dispute between Romania and Ukraine over an energy-rich area of the Black Sea was resolved Tuesday as the International Court of Justice drew a border giving Romania the larger share. The decision focused partly on a rocky and inhospitable islan

Published 04 Feb, 2009 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

11 Pakistanis held in Spain over passport forgery

Spanish police have detained 13 men suspected of belonging to an international crime gang involved in passport forgery and are probing possible terror links, the interior ministry said Tuesday. The suspects - 11 Pakistanis, a Nigerian and an Indian - were

Published 04 Feb, 2009 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

11 Pakistanis held in Spain over passport forgery

Spanish police have detained 13 men suspected of belonging to an international crime gang involved in passport forgery and are probing possible terror links, the interior ministry said Tuesday. The suspects - 11 Pakistanis, a Nigerian and an Indian - were

Published 04 Feb, 2009 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Dealers not involved in shortage of POL products: CCP

The Competition Commission of Pakistan (CCP) has categorically denied that the petroleum dealers are creating artificial shortage in the market through cartelisation. Sources in the CCP told Business Recorder on Tuesday that if a petroleum dealer d

Published 04 Feb, 2009 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Dealers not involved in shortage of POL products: CCP

The Competition Commission of Pakistan (CCP) has categorically denied that the petroleum dealers are creating artificial shortage in the market through cartelisation. Sources in the CCP told Business Recorder on Tuesday that if a petroleum dealer d

Published 04 Feb, 2009 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Dealers not involved in shortage of POL products: CCP

The Competition Commission of Pakistan (CCP) has categorically denied that the petroleum dealers are creating artificial shortage in the market through cartelisation. Sources in the CCP told Business Recorder on Tuesday that if a petroleum dealer d

Published 04 Feb, 2009 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Passco told to cancel mong sale tender

The government on Tuesday directed Pakistan Agricultural Storage and Services Corporation (Passco) to cancel its tender for 28,000 tons mong (daal) to offload in the open market through private sector, and start working to prepare a summary to table befor

Published 04 Feb, 2009 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Passco told to cancel mong sale tender

The government on Tuesday directed Pakistan Agricultural Storage and Services Corporation (Passco) to cancel its tender for 28,000 tons mong (daal) to offload in the open market through private sector, and start working to prepare a summary to table befor

Published 04 Feb, 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 Feb, 2009 12:00am

Passco told to cancel mong sale tender

The government on Tuesday directed Pakistan Agricultural Storage and Services Corporation (Passco) to cancel its tender for 28,000 tons mong (daal) to offload in the open market through private sector, and start working to prepare a summary to table befor

Published 04 Feb, 2009 12:00am

Open market rates of foreign currencies

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

Published 04 Feb, 2009 12:00am

Kyrgyzstan vows to close key US air base

Kyrgyzstan vowed Tuesday it would order the closure of a US airbase on its soil whose presence has irritated Moscow, on the same day it received a generous Russian financial aid package. The Manas air base serves as a vital supply route for Nato forces in

Published 04 Feb, 2009 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Kyrgyzstan vows to close key US air base

Kyrgyzstan vowed Tuesday it would order the closure of a US airbase on its soil whose presence has irritated Moscow, on the same day it received a generous Russian financial aid package. The Manas air base serves as a vital supply route for Nato forces in

Published 04 Feb, 2009 12:00am

Spot dollar rates

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

Published 04 Feb, 2009 12:00am

LPG price raised by Rs 9,900 per ton

The price of liquefied petroleum gas (LPG) has been raised by Rs 9,900 per ton, traders said. According to details, the marketing companies on Tuesday increased Rs 10 per kg, Rs 110 per 11.5 kg and Rs 447 per 45.4 kg cylinder of LPG. Talking to Busines

Published 04 Feb, 2009 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (February 03, 2009).
Published 04 Feb, 2009 12:00am

LPG price raised by Rs 9,900 per ton

The price of liquefied petroleum gas (LPG) has been raised by Rs 9,900 per ton, traders said. According to details, the marketing companies on Tuesday increased Rs 10 per kg, Rs 110 per 11.5 kg and Rs 447 per 45.4 kg cylinder of LPG. Talking to Busines
Published 04 Feb, 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 Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

LPG price raised by Rs 9,900 per ton

The price of liquefied petroleum gas (LPG) has been raised by Rs 9,900 per ton, traders said. According to details, the marketing companies on Tuesday increased Rs 10 per kg, Rs 110 per 11.5 kg and Rs 447 per 45.4 kg cylinder of LPG. Talking to Busines
Published 04 Feb, 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 Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Inter-provincial meeting decision: LG system to be retained with some structural reforms

An inter-provincial meeting of local government ministers chaired by federal minister for local government, Abdul Razaq Thahim on Tuesday agreed to keep intact the local government system but with some structural reforms. The federal minister told newsmen
Published 04 Feb, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Inter-provincial meeting decision: LG system to be retained with some structural reforms

An inter-provincial meeting of local government ministers chaired by federal minister for local government, Abdul Razaq Thahim on Tuesday agreed to keep intact the local government system but with some structural reforms. The federal minister told newsmen
Published 04 Feb, 2009 12:00am

LIBOR calculating interest on US dollar

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

Published 04 Feb, 2009 12:00am

UN condemns abduction, killing of UNHCR officials

The United Nations on Tuesday conveyed its shock over the death of one of its employees and abduction of another. A statement from the UN Information Centre reacted to death of Syed Hashim, driver of the United Nations High Commissioner for Refugees (UNHC
Published 04 Feb, 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 Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Indonesia detains Afghan and Pakistani migrants

Indonesian police detained dozens of Pakistani and Afghan boat migrants and four suspected people traffickers, officials said Tuesday. The suspects _ including a broker, ship skipper and two crew members _ were captured at a port on Sulawesi island Monday
Published 04 Feb, 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 Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Iran sends first home-built satellite into orbit

Iran said on Tuesday it has launched its first home-built satellite into orbit, in a move likely to further alarm an international community already at odds with Tehran over its nuclear drive. "Dear Iranians, your children have put the first indigenous sa
Published 04 Feb, 2009 12:00am

Exchange rates: buying and selling

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

Published 04 Feb, 2009 12:00am

Iran sends first home-built satellite into orbit

Iran said on Tuesday it has launched its first home-built satellite into orbit, in a move likely to further alarm an international community already at odds with Tehran over its nuclear drive. "Dear Iranians, your children have put the first indigenous sa
Published 04 Feb, 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 Feb, 2009 12:00am

Investment situation not as hopeless as being portrayed: BoI

The foreign direct investment (FDI) in Pakistan is presenting a very positive trend and the investment situation is not as hopeless as being portrayed by some elements. The Secretary Board of Investment (BoI) Tariq Iqbal Puri stated this while talking to
Published 04 Feb, 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 Feb, 2009 12:00am

Pakistan and Jordan agree to sign FTA

Pakistan and Jordan have agreed to sign Free Trade Agreement (FTA) to deepen their existing economic and trade relations. A Pakistan delegation will visit Jordan in March this year to formally start negotiation to this effect. This reflects the strong des
Published 04 Feb, 2009 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (February 03, 2009).

Published 04 Feb, 2009 12:00am

Four killed at Dera Bugti wedding party

A bride and groom were among at least four people killed in a shootout at a wedding party near Dera Bugti, a local official said Tuesday. The incident took place in Dashtgoran village, 18 kilometres east of Dera Bugti. "Paramilitary soldiers raided a hous
Published 04 Feb, 2009 12:00am

New York cotton

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

Published 04 Feb, 2009 12:00am

Hydropower generation: NWFP demands moot on net-profit dispute

NWFP Chief Minister Ameer Haider Khan Hoti has urged Prime Minister Yousuf Raza Gilani to convene a meeting of the Federal committee on dispute over net-profit on hydropower generation between NWFP and the Federal government. "The sub-committee, constitut
Published 04 Feb, 2009 12:00am

New York cotton

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

Published 04 Feb, 2009 12:00am

Hesco issues 'inflated' bills of Rs 12 billion to Sindh government departments

The Sindh government has claimed that the Hyderabad Electric Supply Co (Hesco) had issued "inflated" electricity bills of Rs 12 billion to all its departments in interior Sindh. Officials told Business Recorder on Tuesday that Hesco's outstanding d
Published 04 Feb, 2009 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 04 Feb, 2009 12:00am

Textile sector losing export market to other countries

Bangladesh has grabbed the garments market and now its garments export has swelled to 22 billion dollars per annum and its manufacturers/exporters have managed to attain maximum orders in Heimtextil international trade fair. Pakistan has lost its garments
Published 04 Feb, 2009 12:00am

Tourism attractions

Colombo was Sri Lanka's first capital up to recent times. To the north of the city is the Fort district, the country's business centre. South is Galle Face Green, a seafront expanse of occasional green graced by cri cket games and trysti ng l overs. Cinna
Published 04 Feb, 2009 12:00am

Two killed in mosque attack

Officials say someone threw a grenade inside a mosque in Dera Ismail Khan, killing at least two people and wounding eight. Police officer Jehangir Khattak said on Tuesday the hand grenade attack in Dera Ismail Khan occurred in the evening as worshippers p
Published 04 Feb, 2009 12:00am

Hatton National Bank: a trail blazer

In 2008, Hatton National Bank (HNB) became the largest private sector bank in Sri Lanka. It was the result of HNB setting the pace and trends with its innovations for which it won a phalanx of awards confirming its performance and service excellence. As e
Published 04 Feb, 2009 12:00am

Two killed in mosque attack

Officials say someone threw a grenade inside a mosque in Dera Ismail Khan, killing at least two people and wounding eight. Police officer Jehangir Khattak said on Tuesday the hand grenade attack in Dera Ismail Khan occurred in the evening as worshippers p
Published 04 Feb, 2009 12:00am

Trade, economic relations between Sri Lanka and Pakistan

Pakistan is the second largest trading partner of Sri Lanka among the SAARC member countries. The value of total trade between Sri Lanka and Pakistan which stood at US $107 million in 2003, increased to US $234 million in 2007. Sri Lanka's exports to Paki
Published 04 Feb, 2009 12:00am

Taliban violence spreads in Afghanistan: US

The Pentagon said Monday that insurgent violence was on the rise across Afghanistan and that international forces lacked the troops and resources to control the country's south. In a report to Congress, the US Defence Department described a dramatic incre
Published 04 Feb, 2009 12:00am

Message from Consul General of Sri Lanka

It gives me a great pleasure to issue a message on the occasion of the 61st Anniversary of Independence of the Democratic Socialist Republic of Sri Lanka. Soon after gaining independence, one of the first countries with which Sri Lanka, then Ceylon establ
Published 04 Feb, 2009 12:00am

Taliban violence spreads in Afghanistan: US

The Pentagon said Monday that insurgent violence was on the rise across Afghanistan and that international forces lacked the troops and resources to control the country's south. In a report to Congress, the US Defence Department described a dramatic incre
Published 04 Feb, 2009 12:00am

Message from High Commissioner Designate of Sri Lanka to Pakistan

Today, the 4th February 2009 marks a very significant day being the 61st Anniversary of Sri Lanka's Independence from colonial rule. I would on this occasion extend to the people of Pakistan, greetings and best wishes on behalf of H.E. the President, Mahi
Published 04 Feb, 2009 12:00am

BRIndex30 gains 65.5 points

On Tuesday, the BRIndex30 opened in the positive zone, at 4,678.08, and closed at 4,734.21, with a net positive change of 65.5 points, and percentage change of 1.40 percent. It showed intra-day high of 4,761.98 and low of 4,582.09 points. The volume of BR
Published 04 Feb, 2009 12:00am

Message from minister of foreign affairs Sri Lanka

We celebrate the 61st anniversary of Independence today with a great sense of optimism. As the light comes through the clouds of uncertainty, a new hope beckons, and it is this hope which the people of this country have desired so intensely to realise, a
Published 04 Feb, 2009 12:00am

BRIndex30 gains 65.5 points

On Tuesday, the BRIndex30 opened in the positive zone, at 4,678.08, and closed at 4,734.21, with a net positive change of 65.5 points, and percentage change of 1.40 percent. It showed intra-day high of 4,761.98 and low of 4,582.09 points. The volume of BR
Published 04 Feb, 2009 12:00am

Message from Prime Minister of Sri Lanka

Freedom is loved by all living beings We, who have had the experience of loosing our freedom, know its true value after regaining it. Our ancestors who were under colonial subjugation for hundreds of years would have found it a bitter pill to swall
Published 04 Feb, 2009 12:00am

Another highly volatile session

Karachi share market witnessed another highly volatile session on Tuesday with the benchmark KSE-100 index oscillating between 5,400.75 points intra-day high and 5,258.48 points intra-day low level due to investors'' lack of confidence, analysts said.
Published 04 Feb, 2009 12:00am

Message from President of Sri Lanka

It is with an immense sense of pride that I send this message to mark the 61st National Day celebrations of Sri Lanka. This pride comes from the many achievements towards the strengthening of our freedom gained in recent months since we launched a decisiv
Published 04 Feb, 2009 12:00am

Another highly volatile session

Karachi share market witnessed another highly volatile session on Tuesday with the benchmark KSE-100 index oscillating between 5,400.75 points intra-day high and 5,258.48 points intra-day low level due to investors' lack of confidence, analysts said.
Published 04 Feb, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 86,885 tonnes of cargo including 62,989 tonnes of import and 23,896 tonnes of export, 2,333 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday. The freights comprised of 48,006 tonnes of dry ca
Published 04 Feb, 2009 12:00am

Another highly volatile session

Karachi share market witnessed another highly volatile session on Tuesday with the benchmark KSE-100 index oscillating between 5,400.75 points intra-day high and 5,258.48 points intra-day low level due to investors' lack of confidence, analysts said.
Published 04 Feb, 2009 12:00am

KCBT wheat futures end lower

Hard red winter wheat futures on the Kansas City Board of Trade ended lower on Monday as a follower to weak outside markets amid a mix of economic and crop concerns. The KCBT March contract settled down 8 cents, or 1.3 percent, at $5.93, and May settled o
Published 04 Feb, 2009 12:00am

UN chief due today

The UN Secretary General Ban Ki-Moon is visiting Pakistan on Wednesday (today). The Secretary General will meet the President and the Prime Minister. Pakistan attaches great importance to the United Nations and highly values the visit by Secretary General
Published 04 Feb, 2009 12:00am

'Argentina soy crop forecast cut again'

Hamburg-based oilseeds analysts Oil World said on Tuesday it has again cut its 2009 soybean crop forecasts for key exporter Argentina, this time by one million tonnes, because of drought in the country. It now estimates Argentina will harvest 43.0 million
Published 04 Feb, 2009 12:00am

UN chief due today

The UN Secretary General Ban Ki-Moon is visiting Pakistan on Wednesday (today). The Secretary General will meet the President and the Prime Minister. Pakistan attaches great importance to the United Nations and highly values the visit by Secretary General
Published 04 Feb, 2009 12:00am

Global 2008-09 soyoil use to fall: Oil World

Global 2008/09 soyoil output and consumption is likely to fall with purchasing switching to palm oil, sunflower oil and rapeseed oil, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. "In coming months, soyoil supplies will be affected by the
Published 04 Feb, 2009 12:00am

Prime Minister lifts ban on recruitment: employment task force disbanded

Prime Minister Yousuf Raza Gilani on Tuesday lifted ban on hiring and recruiting people for government services, and disbanded the task force on employment. The decision to disband the task force came within days of the dismissal of its Director General,
Published 04 Feb, 2009 12:00am

Kenya's coffee auction halted over dispute

Kenya's weekly coffee auction was stopped on Tuesday over a fee payment dispute between regulatory body the Coffee Board of Kenya and a farmers' representative group, auction officials told Reuters. The board had instructed officials at the Nairobi Coffee
Published 04 Feb, 2009 12:00am

Prime Minister lifts ban on recruitment: employment task force disbanded

Prime Minister Yousuf Raza Gilani on Tuesday lifted ban on hiring and recruiting people for government services, and disbanded the task force on employment. The decision to disband the task force came within days of the dismissal of its Director General,
Published 04 Feb, 2009 12:00am

Vietnam coffee sales to pick up slowly

Coffee trade in Vietnam is expected to pick up this week as traders and farmers return from the week-long Lunar New Year holiday, but with current low prices, sales are forecast to remain limited, dealers said on Tuesday.
Published 04 Feb, 2009 12:00am

Sugar availability plan approved by ECC: duty on several items raised

The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday raised duty on import of several items, and approved availability plan for 0.3 million tons additional refined sugar to stabilise prices. With the meeting presided over by the Advisor to
Published 04 Feb, 2009 12:00am

US wheat futures down

US wheat futures closed lower on Monday on fears that global economic weakness would eat into demand in both the domestic and export sectors, traders said. Spillover pressure from a drop in the soy market also weighed on wheat prices. Wheat closed off its
Published 04 Feb, 2009 12:00am

Sugar availability plan approved by ECC: duty on several items raised

The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday raised duty on import of several items, and approved availability plan for 0.3 million tons additional refined sugar to stabilise prices. With the meeting presided over by the Advisor to
Published 04 Feb, 2009 12:00am

US Midwest corn steady to firm, soybean mixed

Spot basis bids for US Midwest corn were steady to firm on Monday amid a lack of farmer selling and falling futures prices, while soybean basis was mixed and wheat basis was flat, grain merchants said. Declining corn and soybean futures on the Chicago Boa
Published 04 Feb, 2009 12:00am

Sugar availability plan approved by ECC: duty on several items raised

The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday raised duty on import of several items, and approved availability plan for 0.3 million tons additional refined sugar to stabilise prices. With the meeting presided over by the Advisor to
Published 04 Feb, 2009 12:00am

Active mills' buying pushes prices up on cotton market

Active mills' participation in the daily in-take pushed the rates modestly up on the cotton market on Tuesday, dealers said. The official spot rate was unchanged at Rs 3350, they said. The phutti prices in both the Punjab and Sindh were at Rs 1650-1800. I
Published 04 Feb, 2009 12:00am

Amortisation of deficit: State Bank agrees to SECP recommendations

The State Bank of Pakistan has reportedly agreed to the Securities and Exchange Commission of Pakistan recommendations to allow financial institutions to amortise the deficit upon revaluation of listed equity investments, TFCs and Sukuk, it is reliably le
Published 04 Feb, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	143.85
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 20	5,702.55
India Sensex / Sep 20	83,184.80
Tokyo Nikkei / Sep 20	37,723.91
Nasdaq / Sep 20	17,948.32
Hang Seng / Sep 20	18,258.57
FTSE 100 / Sep 20	8,229.99
Dow Jones / Sep 20	42,063.36
Germany DAX 30 / Sep 20	18,720.01

Item	Value
Crude Oil USD/Barrel / Sep 20	71.92
Gold Spot USD/Ounce / Sep 20	2,621.88
Cotton US¢/pound / Sep 20	73.52
Karachi Cotton PKR/37.32 KG / Sep 21	18,935
Gold 10 Grams PKR / Sep 21	233,625
Petrol/Litre / Sep 22	249.10

Stock	Price
786 Invest Ltd / Sep 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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