News Archives for Print - 2009-03-05

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Investment in Pakistan - not worth dying for

The dwindling number of foreign investors left in Pakistan must wonder whether it's worth it after militants targeted the Sri Lankan cricket team in Lahore. "No legal return on capital is compelling enough to risk your life," said Asad Iqbal, director of

Published 05 Mar, 2009 12:00am

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

SECP resolves 1,391 complaints during 2007-08

The Securities and Exchange Commission of Pakistan (SECP) has successfully resolved a large number of 1,391 investors and shareholders' complaints and grievances against the companies during 2007-2008. The commission has taken enforcement measures to faci

Published 05 Mar, 2009 12:00am

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Wagha border: country may import 0.7 to 1.2 million cotton bales

The country may import 0.7 to 1.2 million cotton bales for the current season via land route through Wagah border that would cost around Rs 10-15 billion to the national exchequer. According to reliable sources, the country may face a shortage of about 2

Published 05 Mar, 2009 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

LHC disposes of Hafiz Saeed petition

Lahore High Court (LHC) has disposed of a petition of Hafiz Saeed, Chief Jamat-ul-Dawa (JuD), with directions to home secretary Punjab to decide the representation of petitioner challenging the detention of her husband within one week. Petitioner Memoona

Published 05 Mar, 2009 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

ECP forms panel on right of franchise to expatriates

Election Commission of Pakistan has constituted a special committee on right of franchise to overseas Pakistanis. According to an official statement issued on Wednesday, Chief Election Commissioner Qazi Mohammad Farooq has constituted a special committee

Published 05 Mar, 2009 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

21 show cause notices issued to Modaraba companies during 2007-2008

The Securities and Exchange Commission of Pakistan (SECP) has issued 21 show cause notices to Modaraba companies during 2007-2008 to explain their position against the violations of Modaraba Ordinance, 1980 and Modaraba Rules, 1981.

Published 05 Mar, 2009 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

21 show cause notices issued to Modaraba companies during 2007-2008

The Securities and Exchange Commission of Pakistan (SECP) has issued 21 show cause notices to Modaraba companies during 2007-2008 to explain their position against the violations of Modaraba Ordinance, 1980 and Modaraba Rules, 1981.

Published 05 Mar, 2009 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

No security guidelines observed by Punjab police

Punjab Police did not observe the security guidelines, which also included a dummy bus in the convey of Sri Lankan cricket team, as was decided in a joint meeting of Punjab Police, Punjab Home Department and security agencies held on January 16, sources t

Published 05 Mar, 2009 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Red alert in Rawalpindi and Islamabad

The Security of federal capital was put on red alert after threatening emails were received by an Arab embassy and intelligence alert regarding the terrorist attacks in twin cities of Islamabad and Rawalpindi. It was learnt that an Arab embassy located in

Published 05 Mar, 2009 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Red alert in Rawalpindi and Islamabad

The Security of federal capital was put on red alert after threatening emails were received by an Arab embassy and intelligence alert regarding the terrorist attacks in twin cities of Islamabad and Rawalpindi. It was learnt that an Arab embassy located in

Published 05 Mar, 2009 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Afghan election commission rejects Karzai early-vote call

Afghanistan's Independent Election Commission on Wednesday defended its decision to set August 20 as the date for the next presidential election, rejecting President Hamid Karzai's decree for early polls in April as simply too soon for the country to prep

Published 05 Mar, 2009 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Afghan election commission rejects Karzai early-vote call

Afghanistan's Independent Election Commission on Wednesday defended its decision to set August 20 as the date for the next presidential election, rejecting President Hamid Karzai's decree for early polls in April as simply too soon for the country to prep

Published 05 Mar, 2009 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Pakistan, Turkey and Iran to operate container train service

Pakistan, Turkey and Iran have agreed in principle to operate container train service from Istanbul to Islamabad via Tehran, Iran, in the first phase and a passenger train service in the second phase. The technical details of the first phase container tra

Published 05 Mar, 2009 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Pakistan, Turkey and Iran to operate container train service

Pakistan, Turkey and Iran have agreed in principle to operate container train service from Istanbul to Islamabad via Tehran, Iran, in the first phase and a passenger train service in the second phase. The technical details of the first phase container tra

Published 05 Mar, 2009 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Pakistan, Turkey and Iran to operate container train service

Pakistan, Turkey and Iran have agreed in principle to operate container train service from Istanbul to Islamabad via Tehran, Iran, in the first phase and a passenger train service in the second phase. The technical details of the first phase container tra

Published 05 Mar, 2009 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Defiant Sudan expels aid agencies

A defiant Sudan ordered the expulsion of a string of foreign aid agencies on Wednesday after the International Criminal Court issued a warrant for the arrest of President Omar al-Beshir. Security was beefed up around foreign embassies in the capital Khart

Published 05 Mar, 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 05 Mar, 2009 12:00am

Defiant Sudan expels aid agencies

A defiant Sudan ordered the expulsion of a string of foreign aid agencies on Wednesday after the International Criminal Court issued a warrant for the arrest of President Omar al-Beshir. Security was beefed up around foreign embassies in the capital Khart

Published 05 Mar, 2009 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

SBP accepts Rs 15.325 billion bids for Ijara Sukuk

Heavy participation was witnessed in the auction of 3-year Government of Pakistan Ijara Sukuk bond, however the State Bank of Pakistan has accepted bids worth Rs 15.325 billion for the sale of Sukuk bond. Tender for Sale of 3-Year Government of Pakistan I

Published 05 Mar, 2009 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

SBP accepts Rs 15.325 billion bids for Ijara Sukuk

Heavy participation was witnessed in the auction of 3-year Government of Pakistan Ijara Sukuk bond, however the State Bank of Pakistan has accepted bids worth Rs 15.325 billion for the sale of Sukuk bond. Tender for Sale of 3-Year Government of Pakistan I

Published 05 Mar, 2009 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

SBP accepts Rs 15.325 billion bids for Ijara Sukuk

Heavy participation was witnessed in the auction of 3-year Government of Pakistan Ijara Sukuk bond, however the State Bank of Pakistan has accepted bids worth Rs 15.325 billion for the sale of Sukuk bond. Tender for Sale of 3-Year Government of Pakistan I

Published 05 Mar, 2009 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

SBP accepts Rs 15.325 billion bids for Ijara Sukuk

Heavy participation was witnessed in the auction of 3-year Government of Pakistan Ijara Sukuk bond, however the State Bank of Pakistan has accepted bids worth Rs 15.325 billion for the sale of Sukuk bond. Tender for Sale of 3-Year Government of Pakistan I

Published 05 Mar, 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 Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Zardari likely to reinstate 'November 2 judiciary'

PPP-led government, after high level foreign mediation, is likely to restore PML-N-led government in Punjab and reinstate the November 2 judiciary with Iftikhar Muhammad Chaudhry as Chief Justice. The government is expected to make the decision public bef

Published 05 Mar, 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 Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Delay in approaching court: petitioner asked to submit evidences in Sabzazar case

A division bench of Lahore High Court (LHC) has directed the petitioner to provide the court documentary proofs justifying one year delay in approaching the court for reopening the Sabzazar shootout case against former Chief Minister Punjab Mian Shahbaz S

Published 05 Mar, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Schedule for long march announced

Lawyers Wednesday vowed to continue their struggle till reinstatement of the deposed judges led by Iftikhar Mohammad Chaudhry. The decision to this effect was taken at a meeting of steering committee of the Supreme Court Bar Association held in Rawalpindi

Published 05 Mar, 2009 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Nawaz sets conditions for talks with Zardari

The reconciliatory efforts by the government with Pakistan Muslim League-Nawaz (PML-N) had a mixed response from Nawaz Sharif, as the PML N refused to sit across the negotiating table with PPP unless the February 25 actions are reversed.

Published 05 Mar, 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 Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Nine killed in road mishaps

Nine persons including four women were killed and eleven others injured in different road mishaps on Wednesday in Occupied Kashmir. Out of those nine, seven persons were killed and one injured when a passenger vehicle, which was on its way from Jammu to S

Published 05 Mar, 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 Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Irfan assumes charge as new PSO managing director

Irfan K Qureshi has assumed the charge of Managing Director, Pakistan State Oil (PSO) replacing Kalim A Siddiqui. Irfan K Qureshi has a vast and extensive experience of over 30 years in sales, marketing, logistics, customer services, policy formulation, p

Published 05 Mar, 2009 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Irfan assumes charge as new PSO managing director

Irfan K Qureshi has assumed the charge of Managing Director, Pakistan State Oil (PSO) replacing Kalim A Siddiqui. Irfan K Qureshi has a vast and extensive experience of over 30 years in sales, marketing, logistics, customer services, policy formulation, p

Published 05 Mar, 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 05 Mar, 2009 12:00am

Irfan assumes charge as new PSO managing director

Irfan K Qureshi has assumed the charge of Managing Director, Pakistan State Oil (PSO) replacing Kalim A Siddiqui. Irfan K Qureshi has a vast and extensive experience of over 30 years in sales, marketing, logistics, customer services, policy formulation, p

Published 05 Mar, 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 05 Mar, 2009 12:00am

Lower demand causes cut in LPG prices

Prices of LPG have come down across Pakistan on account of lower LPG prices by producers and lower demand, according to the LPG Association of Pakistan (LPGAP) on Wednesday. LPG producers JJVL, PARCO and OGDCL announced 8.8 per cent reduction in their bas

Published 05 Mar, 2009 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (March 04, 2009).

Published 05 Mar, 2009 12:00am

Forum calls for growth of Islamic finance

Islamic finance and banking must be developed as an alternative to the discredited Wall Street model of doing business, the World Islamic Economic Forum resolved as it wrapped up Wednesday in Indonesia. More than 1,550 delegates including prime ministers,

Published 05 Mar, 2009 12:00am

New York cotton

Tuesday closing prices of New York cotton in US cents/lb.

Published 05 Mar, 2009 12:00am

Forum calls for growth of Islamic finance

Islamic finance and banking must be developed as an alternative to the discredited Wall Street model of doing business, the World Islamic Economic Forum resolved as it wrapped up Wednesday in Indonesia. More than 1,550 delegates including prime ministers,

Published 05 Mar, 2009 12:00am

New York cotton

Tuesday closing prices of New York cotton in US cents/lb.

Published 05 Mar, 2009 12:00am

Forum calls for growth of Islamic finance

Islamic finance and banking must be developed as an alternative to the discredited Wall Street model of doing business, the World Islamic Economic Forum resolved as it wrapped up Wednesday in Indonesia. More than 1,550 delegates including prime ministers,

Published 05 Mar, 2009 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 05 Mar, 2009 12:00am

ATT hurts legal tea importers

Pakistan Tea Association (PTA) said that the import of tea under the garb of Afghan Transit Trade (ATT) has severely affected the legal importers of tea in the country. Chairman of the Association, Muhammad Hanif Janoo during a meeting with the President

Published 05 Mar, 2009 12:00am

Engro Polymer & Chemicals Limited

Engro Polymer & Chemicals Limited (EPCL) is a subsidiary of Engro Chemical Pakistan Limited and manufactures and markets PVC resin. The Company was established in 1997, and went into commercial production in December 1999. The manufacturing facility is lo

Published 05 Mar, 2009 12:00am

Traumatised Sri Lankans should recover soon: doctor

Sri Lanka's traumatised cricket team will need up to 10 days to recover from the effects of a gun-and-grenade attack during their Pakistan tour, a sports medicine doctor said on Wednesday. "The boys are all suffering from trauma. But they are strong-minde

Published 05 Mar, 2009 12:00am

Importance of chemical industry

Because of the wide variety of products it is difficult to agree on a common definition of the chemical industry across countries. In particular, fibers, rubber and plastic processing can be either included or excluded. Countries that include fibers in Ch

Published 05 Mar, 2009 12:00am

Power tariff increased by six paisa per unit

The Federal government has increased power tariff for Pepco''s Distribution Companies (Discos) by six paisa per unit for domestic, commercial and industrial consumers effective February 25 on the insistence of World Bank (WB), well-informed sources told <

Published 05 Mar, 2009 12:00am

Energy conservation for sustainable growth

ICI Pakistan Limited was set up as a public limited company in Pakistan having an established presence in this part of the world since before partition. We are one of the leading multinationals in Pakistan and we have played a key role in promoting a cult

Published 05 Mar, 2009 12:00am

Power tariff increased by six paisa per unit

The Federal government has increased power tariff for Pepco's Distribution Companies (Discos) by six paisa per unit for domestic, commercial and industrial consumers effective February 25 on the insistence of World Bank (WB), well-informed sources told <i

Published 05 Mar, 2009 12:00am

Urea shortages: causes and remedies

Urea shortages - with farmers agitating across the country - have been extensively discussed by a number of commentators. However, these comments have mostly dwelled on manner of distribution of urea. Contextual analysis has been missing. This article the

Published 05 Mar, 2009 12:00am

Power tariff increased by six paisa per unit

The Federal government has increased power tariff for Pepco's Distribution Companies (Discos) by six paisa per unit for domestic, commercial and industrial consumers effective February 25 on the insistence of World Bank (WB), well-informed sources told <i

Published 05 Mar, 2009 12:00am

Chemical industry in Pakistan

Chemical is the Mother of all Industry. Naphta derived from crude oil or coal or other hydrocarbons, forms the basic feed stock of most large scale activity falling under the head of "Chemicals-Industry".

Published 05 Mar, 2009 12:00am

Unicorn ups stake in Dawood Islamic Bank

The Unicorn Investment Bank, Bahrain has increased its stake in Dawood Islamic Bank Limited (DIBL) with an investment of 13 million dollars. The Unicorn Investment Bank has acquired some 15 percent share more at the time when the global economies includin

Published 05 Mar, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 123,185 tonnes of cargo including 90,326 tonnes of import and 32,859 tonnes of export, 3,434 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday. The freights comprised of 65,985 tonnes of dry

Published 05 Mar, 2009 12:00am

Unicorn ups stake in Dawood Islamic Bank

The Unicorn Investment Bank, Bahrain has increased its stake in Dawood Islamic Bank Limited (DIBL) with an investment of 13 million dollars. The Unicorn Investment Bank has acquired some 15 percent share more at the time when the global economies includin

Published 05 Mar, 2009 12:00am

Kenyan coffee prices weaker

Kenyan coffee prices were weaker at Tuesday's auction on poorer international prices and quality, the Nairobi Coffee Exchange (NCE) said. The average price for all grades fell to $169.76 per 50-kg bag from $175.75 in the previous sale, the Nairobi Coffee

Published 05 Mar, 2009 12:00am

Unicorn ups stake in Dawood Islamic Bank

The Unicorn Investment Bank, Bahrain has increased its stake in Dawood Islamic Bank Limited (DIBL) with an investment of 13 million dollars. The Unicorn Investment Bank has acquired some 15 percent share more at the time when the global economies includin

Published 05 Mar, 2009 12:00am

Vietnam rice export orders suggest second-half pace may slow

Vietnamese exporters have already contracted to sell 3.65 million tonnes of rice, 73 percent of the annual target for 2009, a state-run newspaper said on Wednesday, which suggested the pace of exports would slow in the second half. Exporters would load 3.

Published 05 Mar, 2009 12:00am

BRIndex30 maintains green zone position

On Wednesday, BRIndex30 opened in the green zone at 5,086.76 and remained there for whole of the trading time. It closed at 5,348.71 with a net positive change of 261.85 or 5.15 percent. It experienced intra-day high and intra-day low of 5,351.50 and 5,08

Published 05 Mar, 2009 12:00am

Ivorian cocoa farmgate prices extend losses

Cocoa farmgate prices in Ivory Coast extended losses last week, dragged down by poor quality and low prices at ports, exporters and farmers said on Wednesday. Low bean quality and small deliveries of cocoa for export have blighted the 2008/09 season in th

Published 05 Mar, 2009 12:00am

BRIndex30 maintains green zone position

On Wednesday, BRIndex30 opened in the green zone at 5,086.76 and remained there for whole of the trading time. It closed at 5,348.71 with a net positive change of 261.85 or 5.15 percent. It experienced intra-day high and intra-day low of 5,351.50 and 5,08

Published 05 Mar, 2009 12:00am

Indian sugar futures fall, soyaoil futures up

Indian sugar futures fell for a second day on Wednesday, tracking a drop in overseas markets and on concerns over stock limits imposed by the government to discourage hoarding. At 4:11 pm (1041 GMT), the March contract on the National Commodity and Deriva

Published 05 Mar, 2009 12:00am

KSE registers healthy gain

Aggressive institutional buying, mainly by NIT State Enterprise Fund, supported the benchmark KSE-100 index to register a healthy gain of 218.94 points to close at 5,815.43 points level on Wednesday, analysts said. Despite the uncertainty on the political

Published 05 Mar, 2009 12:00am

US wheat futures fall

US wheat futures fell to their lowest levels since mid-December on Tuesday as weakness in outside markets and the deteriorating global economy threatened to cut world-wide demand for wheat, traders said. Some forecasts for wetter weather in the dry areas

Published 05 Mar, 2009 12:00am

KSE registers healthy gain

Aggressive institutional buying, mainly by NIT State Enterprise Fund, supported the benchmark KSE-100 index to register a healthy gain of 218.94 points to close at 5,815.43 points level on Wednesday, analysts said. Despite the uncertainty on the political

Published 05 Mar, 2009 12:00am

TCP enters arena to stabilise prices on cotton market

The Trading Corporation of Pakistan (TCP) started purchasing anew on Wednesday to stabilise the rates on the cotton market in the absence of mills demand, dealers said. The TCP is again active in new booking, buying 200 bales from each factory to provide

Published 05 Mar, 2009 12:00am

KSE registers healthy gain

Aggressive institutional buying, mainly by NIT State Enterprise Fund, supported the benchmark KSE-100 index to register a healthy gain of 218.94 points to close at 5,815.43 points level on Wednesday, analysts said. Despite the uncertainty on the political

Published 05 Mar, 2009 12:00am

Rice prices fall sharply on grain market

Rice prices dipped on the wholesale grain market on Wednesday on the back of economic slump the world over, dealers said. On the rice sector Basmati-D 98 Shahdadkot low type fell by Rs 300 to Rs 4200 and better quality dropped Rs 400 to Rs 4300, Basmati-D

Published 05 Mar, 2009 12:00am

Non-tariff barriers: Iran urged to give level playing field to exporters

Islamabad has urged Tehran to rationalise high rate of tariffs and remove non-tariff barriers, which are negatively impacting on Pakistani exports, a senior official in the Commerce Ministry told Business Recorder Wednesday.

Published 05 Mar, 2009 12:00am

Plastic mouldings close mixed on Jodia Bazaar

The trading in plastic moulding compounds closed mixed on Jodia Bazaar here on Wednesday. The following changes were noted.

Published 05 Mar, 2009 12:00am

Non-tariff barriers: Iran urged to give level playing field to exporters

Islamabad has urged Tehran to rationalise high rate of tariffs and remove non-tariff barriers, which are negatively impacting on Pakistani exports, a senior official in the Commerce Ministry told Business Recorder Wednesday.

Published 05 Mar, 2009 12:00am

Kenyan tea prices end mixed

Kenyan tea prices were mixed at this week's auction with some top grades firming as others slipped, weighed down by sluggish demand on the back of the global economic slump, traders said on Wednesday. Mombasa-based Africa Tea Brokers (ATB) said 118,381 pa

Published 05 Mar, 2009 12:00am

Non-tariff barriers: Iran urged to give level playing field to exporters

Islamabad has urged Tehran to rationalise high rate of tariffs and remove non-tariff barriers, which are negatively impacting on Pakistani exports, a senior official in the Commerce Ministry told Business Recorder Wednesday.

Published 05 Mar, 2009 12:00am

US copper higher

The price of copper settled at a three-week high above $1.60 a lb in New York futures trade on Tuesday, with chart-based buying and a fourth straight decline in London warehouse stocks driving the rally. Copper for May delivery rallied 8.85 cents, or 5.8

Published 05 Mar, 2009 12:00am

Hague court issues warrant for Sudan's Bashir

The International Criminal Court issued an arrest warrant for Sudanese President Omar Hassan al-Bashir on Wednesday for war crimes in Darfur in a decision that could spark more regional turmoil. The warrant is the first issued against a sitting head of st

Published 05 Mar, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Petrol/Litre / Nov 16	248.38
Karachi Cotton PKR/37.32 KG / Nov 16	18,085

Stock	Price
786 Invest Ltd / Nov 16 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 16 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 16 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 16 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 16 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 16 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 16 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 16 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 16 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 16 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 16 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 16 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 16 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 16 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 16 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 16 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 16 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 16 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 16 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 16 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 16 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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