News Archives for Print - 2009-02-08

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Asian central banks call for new world financial order

Asian central banks called on Saturday for a new framework to regulate global financial markets as the world grapples with the worst financial crisis since the Great Depression. Central bankers from 15 Asian countries also called for exit strategies to be

Published 08 Feb, 2009 12:00am

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Asian central banks call for new world financial order

Asian central banks called on Saturday for a new framework to regulate global financial markets as the world grapples with the worst financial crisis since the Great Depression. Central bankers from 15 Asian countries also called for exit strategies to be

Published 08 Feb, 2009 12:00am

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Asian central banks call for new world financial order

Asian central banks called on Saturday for a new framework to regulate global financial markets as the world grapples with the worst financial crisis since the Great Depression. Central bankers from 15 Asian countries also called for exit strategies to be

Published 08 Feb, 2009 12:00am

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

IMF urges action on stimulus

The roll-out of stimulus packages and the clean-up of banks must be accelerated, the head of the International Monetary Fund said Saturday, urging action to avert "a repeat of the Great Depression". IMF managing director Dominique Strauss-Kahn said stimul

Published 08 Feb, 2009 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from February 09, 2009.

Published 08 Feb, 2009 12:00am

IMF urges action on stimulus

The roll-out of stimulus packages and the clean-up of banks must be accelerated, the head of the International Monetary Fund said Saturday, urging action to avert "a repeat of the Great Depression". IMF managing director Dominique Strauss-Kahn said stimul

Published 08 Feb, 2009 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from February 09, 2009.

Published 08 Feb, 2009 12:00am

IMF urges action on stimulus

The roll-out of stimulus packages and the clean-up of banks must be accelerated, the head of the International Monetary Fund said Saturday, urging action to avert "a repeat of the Great Depression". IMF managing director Dominique Strauss-Kahn said stimul

Published 08 Feb, 2009 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from February 09, 2009.

Published 08 Feb, 2009 12:00am

Foreign investors withdraw $13.139 million

The offshore investors withdrew $13.139 million during the week ended on February 6, 2009. According to National Clearing Company of Pakistan (NCCPL) data, the cumulative outflow of this mode of financing increased to $2.036 billion from January 1, 2008 t

Published 08 Feb, 2009 12:00am

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Foreign investors withdraw $13.139 million

The offshore investors withdrew $13.139 million during the week ended on February 6, 2009. According to National Clearing Company of Pakistan (NCCPL) data, the cumulative outflow of this mode of financing increased to $2.036 billion from January 1, 2008 t

Published 08 Feb, 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 (February 07, 2009).

Published 08 Feb, 2009 12:00am

Foreign investors withdraw $13.139 million

The offshore investors withdrew $13.139 million during the week ended on February 6, 2009. According to National Clearing Company of Pakistan (NCCPL) data, the cumulative outflow of this mode of financing increased to $2.036 billion from January 1, 2008 t

Published 08 Feb, 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 (February 07, 2009).

Published 08 Feb, 2009 12:00am

DGs of LTUs, RTOs told to check misuse of section 177

The Federal Board of Revenue has directed the Director Generals of LTUs and RTOs to check the misuse of section 177 of the Income Tax Ordinance 2001 for selection of cases for audit. Sources told Business Recorder on Saturday that some complaints w

Published 08 Feb, 2009 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

DGs of LTUs, RTOs told to check misuse of section 177

The Federal Board of Revenue has directed the Director Generals of LTUs and RTOs to check the misuse of section 177 of the Income Tax Ordinance 2001 for selection of cases for audit. Sources told Business Recorder on Saturday that some complaints w

Published 08 Feb, 2009 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

DGs of LTUs, RTOs told to check misuse of section 177

The Federal Board of Revenue has directed the Director Generals of LTUs and RTOs to check the misuse of section 177 of the Income Tax Ordinance 2001 for selection of cases for audit. Sources told Business Recorder on Saturday that some complaints w

Published 08 Feb, 2009 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

TCP to import wheat from US on deferred payment

The Trading Corporation of Pakistan (TCP) on Saturday allowed to open a tender to import 250,000 tonnes of white wheat on a three-year deferred payment from the US. As such, the surplus stock of 250,000 tonnes might increase to 300,000 tonnes, well-inform

Published 08 Feb, 2009 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

TCP to import wheat from US on deferred payment

The Trading Corporation of Pakistan (TCP) on Saturday allowed to open a tender to import 250,000 tonnes of white wheat on a three-year deferred payment from the US. As such, the surplus stock of 250,000 tonnes might increase to 300,000 tonnes, well-inform

Published 08 Feb, 2009 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

TCP to import wheat from US on deferred payment

The Trading Corporation of Pakistan (TCP) on Saturday allowed to open a tender to import 250,000 tonnes of white wheat on a three-year deferred payment from the US. As such, the surplus stock of 250,000 tonnes might increase to 300,000 tonnes, well-inform

Published 08 Feb, 2009 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Accounting year 2008: SECP needs to suspend impairment in valuation of investment

The Securities and Exchange Commission of Pakistan (SECP) needs to suspend the impairment in valuation of investment for accounting year 2008. Views to the above were generally given at a meeting held on Saturday at the Institute of Chartered Accountants

Published 08 Feb, 2009 12:00am

THE RUPEE: rates range-bound on money market

Range-bound trading was seen on the interbank market on Saturday as the rupee shed two paisa against dollar for buying at 79.20 while it did not move any side for selling at 79.22, dealers said. No big variation was seen in the rates during the rush hours

Published 08 Feb, 2009 12:00am

Accounting year 2008: SECP needs to suspend impairment in valuation of investment

The Securities and Exchange Commission of Pakistan (SECP) needs to suspend the impairment in valuation of investment for accounting year 2008. Views to the above were generally given at a meeting held on Saturday at the Institute of Chartered Accountants

Published 08 Feb, 2009 12:00am

THE RUPEE: rates range-bound on money market

Range-bound trading was seen on the interbank market on Saturday as the rupee shed two paisa against dollar for buying at 79.20 while it did not move any side for selling at 79.22, dealers said. No big variation was seen in the rates during the rush hours

Published 08 Feb, 2009 12:00am

Accounting year 2008: SECP needs to suspend impairment in valuation of investment

The Securities and Exchange Commission of Pakistan (SECP) needs to suspend the impairment in valuation of investment for accounting year 2008. Views to the above were generally given at a meeting held on Saturday at the Institute of Chartered Accountants

Published 08 Feb, 2009 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Germany and France threaten new Iran sanctions

Iran will face tougher sanctions if it does not meet the demands of major powers to rein in its nuclear programme, the leaders of Germany and France said on Saturday. Chancellor Angela Merkel said Berlin hoped for a diplomatic solution to the dispute, ref

Published 08 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 08 Feb, 2009 12:00am

Germany and France threaten new Iran sanctions

Iran will face tougher sanctions if it does not meet the demands of major powers to rein in its nuclear programme, the leaders of Germany and France said on Saturday. Chancellor Angela Merkel said Berlin hoped for a diplomatic solution to the dispute, ref

Published 08 Feb, 2009 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

US unveils changes to foreign policy

US Vice President Joe Biden announced changes to US foreign policy on Saturday that emphasised diplomacy over military power but also urged allies to shoulder more of the burden in tackling global crises. "I come to Europe on behalf of a new administratio

Published 08 Feb, 2009 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

US unveils changes to foreign policy

US Vice President Joe Biden announced changes to US foreign policy on Saturday that emphasised diplomacy over military power but also urged allies to shoulder more of the burden in tackling global crises. "I come to Europe on behalf of a new administratio

Published 08 Feb, 2009 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Three IHC 'Additional Judges' become 'Judges'

Three Additional Judges of the Islamabad High Court (IHC) on Saturday were appointed as Judges of the court. In this respect, a notification has been issued by the Ministry of Law and Justice. The notification, issued by the Ministry of Law and Justice Di

Published 08 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 Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Three IHC 'Additional Judges' become 'Judges'

Three Additional Judges of the Islamabad High Court (IHC) on Saturday were appointed as Judges of the court. In this respect, a notification has been issued by the Ministry of Law and Justice. The notification, issued by the Ministry of Law and Justice Di

Published 08 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 Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

All FTAs being reviewed to assess impact on trade: Fahim

A primary negotiator, an officer of Customs group reportedly with alleged close links with India during his posting at Pakistan-India border, has been declared persona non grata, well informed sources told Business Recorder on Saturday.

Published 08 Feb, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

All FTAs being reviewed to assess impact on trade: Fahim

A primary negotiator, an officer of Customs group reportedly with alleged close links with India during his posting at Pakistan-India border, has been declared persona non grata, well informed sources told Business Recorder on Saturday.

Published 08 Feb, 2009 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

All FTAs being reviewed to assess impact on trade: Fahim

A primary negotiator, an officer of Customs group reportedly with alleged close links with India during his posting at Pakistan-India border, has been declared persona non grata, well informed sources told Business Recorder on Saturday.

Published 08 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 Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Saudi-China-French group wins Makkah-Medina rail project

A Saudi-French-Chinese consortium has bagged the $1.8 billion civil works contract for the Makkah -Medina high speed railway, a project official said on Saturday. The Al-Rajhi construction group, together with France's Alstom,and China Railway Engineering

Published 08 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 Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Democratic Senators reach deal on stimulus bill

Democratic US senators agreed on Friday on a scaled-back $780 billion fiscal stimulus package, a potentially big win for President Barack Obama but undercut by scant Republican support. Democrats said a vote on passage of the measure, drafted by leaders o

Published 08 Feb, 2009 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (February 07, 2009).

Published 08 Feb, 2009 12:00am

Democratic Senators reach deal on stimulus bill

Democratic US senators agreed on Friday on a scaled-back $780 billion fiscal stimulus package, a potentially big win for President Barack Obama but undercut by scant Republican support. Democrats said a vote on passage of the measure, drafted by leaders o

Published 08 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 08 Feb, 2009 12:00am

Democratic Senators reach deal on stimulus bill

Democratic US senators agreed on Friday on a scaled-back $780 billion fiscal stimulus package, a potentially big win for President Barack Obama but undercut by scant Republican support. Democrats said a vote on passage of the measure, drafted by leaders o

Published 08 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 08 Feb, 2009 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 08 Feb, 2009 12:00am

KCBT wheat futures decline

Hard red winter wheat futures on the Kansas City Board of Trade ended lower on Friday in a setback from the market rally Thursday and amid forecasts for beneficial rainfall in the US Plains. The March closed down 3-1/2 cents at $5.86-1/2 a bushel, and May

Published 08 Feb, 2009 12:00am

Spot rate raised to Rs 3,400; upward trend persists on cotton market

Rising trend persisted on the cotton market on Saturday as mills were active to cover the forward buying in anticipation of further rise in the rates, dealers said. The official spot rate was increased by Rs 50 to Rs 3400, they said. In the meantime, the

Published 08 Feb, 2009 12:00am

Kirana items move down on Jodia Bazaar

The trading in Kirana items moved down on Jodia Bazaar here on Saturday. The following changes were noted.

Published 08 Feb, 2009 12:00am

Wheat prices soar; many items lower on grain market

Except wheat, other commodities tended lower on the grain market on Saturday in process of trading, dealers said. On the cereal side wheat old and new Bardana were higher by Rs 150 to Rs 2650-2665, sugar better type was lower by Rs 50 to Rs 4000.

Published 08 Feb, 2009 12:00am

Colombian beans in very tight supply in Europe's coffee market

Colombian beans were again in very tight supply in Europe's cash coffee market this week with continuing price strength also noted in Central American coffees, physical traders said on Friday. Industry made hand-to-mouth purchases of available Colombian s

Published 08 Feb, 2009 12:00am

US wheat futures lower

US wheat futures closed lower on Friday as traders locked in profits following Thursday's rally. Forecasts for much-needed rain in the dry US Plains region also contributed to the downturn. Trading was choppy, as the market fluctuated between negative and

Published 08 Feb, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 78,074 tonnes of cargo including 50,658 tonnes of import and 27,416 tonnes of export, 2,168 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday. The freights comprised of 53,245 tonnes of dry c

Published 08 Feb, 2009 12:00am

US Midwest bids for corn and soya steady to firm

Spot corn and soyabean basis bids were mostly steady to firm around the US Midwest on Friday as a futures market rally triggered only light, scattered farmer selling, grain merchants said. The bulk of farmer sales appeared to be of soyabeans, mostly at lo

Published 08 Feb, 2009 12:00am

Asian rubber: China strikes more rubber deals

Chinese consumers struck deals to purchase more than 3,000 tonnes of rubber for prompt shipment at between $1.29 and $1.55 a kg as the post-Lunar New Year buying spree continued, dealers said on Friday. Thailand's RSS3 was traded at $1.55 a kg, STR20 at $

Published 08 Feb, 2009 12:00am

Brazil exports soft wheat

Brazil, a top wheat importer, has made deals to export around 120,000 tonnes of soft wheat, industry sources said on Friday, even as its own food industry is pressured by wheat export restrictions from its main supplier Argentina. Last year Brazil importe

Published 08 Feb, 2009 12:00am

US soyabean higher

US soyabean futures closed higher on Thursday on some forecasts for drier weather in Argentina. CBOT March soyabean closed 30-1/2 cents per bushel higher at $9.80 per bushel. Soyabean volume was estimated at 138,758 futures and 43,474 options. Signs China

Published 08 Feb, 2009 12:00am

Gold up in directionless trade

Gold futures ended a hair higher in thin and directionless trade on Friday, driven by pre-weekend position squaring and lessened flight-to-quality buying on hopes that a US stimulus plan would bolster a struggling economy. Gold for April delivery settled

Published 08 Feb, 2009 12:00am

US cocoa ends firmer

US cocoa futures closed at a five-month peak Friday, boosted by position rolling out of the spot contract, fund buying and the firm pound, traders said. Benchmark May closed up $63 or 2.3 percent at $2,833 per tonne, the strongest close for the second pos

Published 08 Feb, 2009 12:00am

Small changes in USDA cotton data, plantings eyed

Cotton industry analysts said Friday they expect little, if any, changes to the monthly supply-demand report of the US Department of Agriculture next week. The USDA data is due at 8:30 am EST (1330 GMT) on Tuesday. "I'm not expecting any big shakes," said

Published 08 Feb, 2009 12:00am

New York coffee climbs

Arabica coffee turned around to settle up a shade Friday, on the weak US dollar, investor buying and position rolling amid hefty volume, traders said. The March arabica coffee contract inched up 0.35 cent to close at $1.1955 per lb. Dealings ranged from $

Published 08 Feb, 2009 12:00am

US copper futures rise

US copper futures rose to their highest levels in nearly two weeks early Friday as strength from Shanghai markets this week drove momentum and helped override worse-than-expected employment data in the US Copper for March delivery firmed 8.10 cents, or 5.

Published 08 Feb, 2009 12:00am

New York sugar ends at four-month high

Raw sugar futures on Friday posted their highest close in four months on investor buying and news of falling output in Asia and Europe, though profit-taking pruned some gains late. The key March raw sugar contract settled up 0.14 cent or 1.07 percent at 1

Published 08 Feb, 2009 12:00am

US rice ends firmer

US rough rice futures on the Chicago Board of Trade closed higher on Friday in a technical recovery amid oversold signs. March and May contracts hit the maximum daily limit, rising 50 cents a bushel, shortly after the open on short-covering, but then retr

Published 08 Feb, 2009 12:00am

Argentine soyabean crop may fall

Argentine soyabean output will fall to 40 million tonnes in the 2008-09 season from 48 million tonnes in the previous crop as the country is hit by drought, the Buenos Aires Grains Exchange said on Friday. Argentina is an agricultural powerhouse and the w

Published 08 Feb, 2009 12:00am

Oil prices slide

Oil futures slumped under 40 dollars a barrel on Friday at the end of a tough week for the commodity, as a weakening US economy hit demand causing energy inventories to pile up. Unemployment in the United States - the world's biggest economy and a major c

Published 08 Feb, 2009 12:00am

Regulators close three more US banks

Regulators closed banks on Friday in Georgia and California, bringing the total of US bank failures to nine this year. The Federal Deposit Insurance Corp said County Bank of Merced, California, was closed by the California Department of Financial Institut

Published 08 Feb, 2009 12:00am

US Air Force orders 15 Boeing C-17s for $2.9 billion

The US Air Force has ordered 15 C-17 military transport planes from US manufacturer Boeing valued at 2.9 billion dollars, the Pentagon announced Friday. "The Air Force is awarding a firm fixed price contract to (Boeing subsidiary) McDonnell Douglas Corpor

Published 08 Feb, 2009 12:00am

US weighs new auto industry help, no decision yet

The Obama administration is talking with US auto industry about more help, but no decisions are expected until General Motors Corp and Chrysler LLC submit turnaround plans to the government later this month, a White House official said on Friday.

Published 08 Feb, 2009 12:00am

Geithner eyeing Fannie, Freddie rescue role

The Obama administration is mulling an expanded role for Fannie Mae and Freddie Mac as part of an overarching plan to stabilise the financial sector to be laid out on Monday, sources familiar with the administration's thinking said on Friday.

Published 08 Feb, 2009 12:00am

US bank plan to offer asset support, mortgage help

The Obama administration's eagerly-awaited bank rescue plan will offer to insure some distressed assets held by banks, authorise the government to purchase others, and spend up to $100 billion to buy and modify troubled homeowner mortgages, a source with

Published 08 Feb, 2009 12:00am

US bank plan to offer asset support, mortgage help

The Obama administration's eagerly-awaited bank rescue plan will offer to insure some distressed assets held by banks, authorise the government to purchase others, and spend up to $100 billion to buy and modify troubled homeowner mortgages, a source with

Published 08 Feb, 2009 12:00am

EADS to cut output, jobs safe

European aerospace group EADS, parent of Airbus, will have to adapt its production plans to cope with the economic crisis, but is not thinking of cutting jobs for now, its chief executive said on Saturday. Tough economic conditions were taking their toll

Published 08 Feb, 2009 12:00am

Latest scam: bogus emails offering stimulus payments

The US Department of Homeland Security warned Friday that scammers were sending out bogus emails offering economic stimulus payments in an attempt to retrieve personal information. US-CERT, the US Computer Emergency Readiness Team, said it had received re

Published 08 Feb, 2009 12:00am

Nigerian militants attack Shell gas plant in delta

Nigerian militants attacked a gas plant operated by Royal Dutch Shell in the Niger Delta on Saturday and warned of more attacks to come, but the army said it had repelled the raid and killed three gunmen. The Movement for the Emancipation of the Niger Del

Published 08 Feb, 2009 12:00am

Iraqi oil minister sees Opec cuts in March

Opec is likely to decide to cut oil production targets when it meets in March, which should help prices gradually rise back above a fair price of $70 a barrel, Iraqi Oil Minister Hussain al-Shahristani said on Saturday. He also said he will seek new power

Published 08 Feb, 2009 12:00am

Satyam's new chief executive says firm can do 'the impossible'

Fraud-hit IT giant Satyam Computer's new chief executive has told the company's 50,000 employees he is confident the company "can accomplish the impossible" and get itself back on the rails. "I have no misgivings about the enormity of the task in front of

Published 08 Feb, 2009 12:00am

China drought deprives millions of drinking water

Millions of people and cattle in north China face shortages of drinking water because of a severe drought, the government said on Saturday, promising to speed up disbursement of billions of dollars of subsidies to farmers. State television quoted disaster

Published 08 Feb, 2009 12:00am

AIB, Bank of Ireland agree on government bailout

Allied Irish Banks and Bank of Ireland have agreed terms with the government over a 7 billion euro ($8.97 billion) capital injection into the two groups, the Irish Times said on Saturday. Allied Irish Banks and Bank of Ireland declined to comment on the r

Published 08 Feb, 2009 12:00am

France plans new guidelines to curb trader bonuses

France's financial authorities have drawn up new guidelines governing the bonuses and salary structures of traders to curb excessive payouts and overly-risky conduct, newspaper Le Monde said. Some of the country's largest banks had reached agreement with

Published 08 Feb, 2009 12:00am

Germany, France to present joint initiative

Germany and France will present a joint initiative to help Europe better cope with crises like the current economic turbulence, Chancellor Angela Merkel and President Nicolas Sarkozy said on Saturday. "We will approach the Czech presidency (of the Europea

Published 08 Feb, 2009 12:00am

Economic crisis hits China's toy exports

Growth in Chinese toy exports slowed sharply last year as the global economic crisis hit demand, state media said Saturday, citing customs figures. Exports rose by 1.8 percent to reach 8.63 billion dollars in 2008, well down from the 20.3 percent growth r

Published 08 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 23	249.10

Stock	Price
786 Invest Ltd / Sep 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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