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Print - 2009-03-19
Amin Fahim supports reconstitution of TDAP board

Amin Fahim supports reconstitution of TDAP board

Commerce Minister Makhdoom Amin Fahim on Wednesday gave a go ahead signal to trim the oversized board of directors of Trade Development Authority of Pakistan (TDAP) and make it more functional and helpful to exporters. He was chairing a meeting, which rev
Published 19 Mar, 2009 12:00am
Mines and minerals department to spend Rs 300 million on uplift schemes

Mines and minerals department to spend Rs 300 million on uplift schemes

Provincial Mines and Mineral Department is spending an amount of Rs 300 million on 20 different development schemes for the development of mineral resources in the province in the current fiscal year, spokesman of the department said this on Wednesday.
Published 19 Mar, 2009 12:00am
Governor approves Rs 43 million for purchase of 30 cars

Governor approves Rs 43 million for purchase of 30 cars

Punjab Governor Salmaan Taseer has accorded approval to the purchase of 30 brand new vehicles for Rs 43 million, for provincial cabinet members, it is learnt. The Services and General Administration Department (S&GAD) requested the Punjab finance departme
Published 19 Mar, 2009 12:00am
THE RUPEE: parity stays put

THE RUPEE: parity stays put

The rupee was unchanged against dollar on the interbank market on Wednesday as a result of smooth supply of the US currency, they said. The rupee was trading at 80.35 and 80.40 versus the greenback for buying and selling, respectively.
Published 19 Mar, 2009 12:00am
PML-N to take legal recourse to get Army House vacated

PML-N to take legal recourse to get Army House vacated

Former President and Chief of Army Staff, General (Retd) Pervez Musharraf is still occupying the well-guarded Army House 16 months after his retirement from the top slot in the Pakistan Army. According to ISPR, Musharraf is still residing in the Army Hous
Published 19 Mar, 2009 12:00am
THE RUPEE: parity stays put

THE RUPEE: parity stays put

The rupee was unchanged against dollar on the interbank market on Wednesday as a result of smooth supply of the US currency, they said. The rupee was trading at 80.35 and 80.40 versus the greenback for buying and selling, respectively.
Published 19 Mar, 2009 12:00am
PML-N general council meeting on March 23

PML-N general council meeting on March 23

Chief, Pakistan Muslim League-Nawaz, PML-N, Nawaz Sharif has convened a general council meeting of his party at Raiwind on Monday, March 23. Sources in the PML-N told Business Recorder that the meeting would discuss the role of PML-N in politics, i
Published 19 Mar, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 18, 2009).

Published 19 Mar, 2009 12:00am
Elahi for forming coalition government of three major parties

Elahi for forming coalition government of three major parties

Former chief minister and PML (Q) Punjab president Chaudhry Parvaiz Elahi said here on Wednesday that Punjab crisis could be resolved if the PPP, PML (N) and PML (Q) formed a coalition government in the province. Talking to reporters here he said that the
Published 19 Mar, 2009 12:00am
Cotton growers warned

Cotton growers warned

The cotton growers should take preventive measures to get rid of mealy bug, which has emerged as a devastating insect for the crop, said an agricultural expert on Wednesday. Muhammad Ishaq Lashari, the agri expert said that mealy bug was more harmful than
Published 19 Mar, 2009 12:00am
Drive against stray dogs launched in Khanewal

Drive against stray dogs launched in Khanewal

The District government has launched a campaign to eliminate stray dogs in Khanewal city as canine injury posed major threat to public health and safety. The campaign was launched after citizens complaints mounted at district government offices.
Published 19 Mar, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 18, 2009).

Published 19 Mar, 2009 12:00am
First convocation of Federal Urdu University on March 24

First convocation of Federal Urdu University on March 24

The Federal Urdu University of Arts, Science and Technology (FUUAST) plans to hold its first convocation on March 24. Around 400 students from session 2004-08, would receive degrees and medals in the convocation, the spokesperson said here on Wednesday. M
Published 19 Mar, 2009 12:00am
SBP receiving R&D cases relating to textile exports

SBP receiving R&D cases relating to textile exports

State Bank of Pakistan (SBP) has started receiving Research and Development (R&D) cases pertaining to consignments made by textile exporters during June 25 to 30, 2008, said local textile exporters. Members of PTEA and other textile associations stated th
Published 19 Mar, 2009 12:00am
Government committed to safeguard labour rights

Government committed to safeguard labour rights

District government is taking effective measures to safeguard the rights of bound labourers working at brick kilns across the district, stated Executive District Officer (Revenue) Abdur Rashid Razi. He was addressing a meeting of vigilance committee atten
Published 19 Mar, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 18, 2009).

Published 19 Mar, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 18, 2009).

Published 19 Mar, 2009 12:00am
Irsa releases 76,363 cusecs water

Irsa releases 76,363 cusecs water

Indus River System Authority (Irsa) on Wednesday released 76,363 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs recorded was 80,855 cusecs. Water level at Tarbela Dam recorded was at 1370.92 feet
Published 19 Mar, 2009 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (March 18, 2009) and for Thursday (March 19, 2009).
Published 19 Mar, 2009 12:00am
World Meteorological Day 2009 to be celebrated on March 23

World Meteorological Day 2009 to be celebrated on March 23

World Meteorological Day 2009 will be celebrated across the world including Pakistan with the theme "Weather, climate and the air we breathe" on March 23. The met departments across the world celebrate the day through organising different symposiums, conf
Published 19 Mar, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 18, 2009).

Published 19 Mar, 2009 12:00am
Six gangsters arrested after shootout

Six gangsters arrested after shootout

Saddar police smashed an inter-district dacoits gang and arrested six gangsters, including the ring leader, after a shootout near here on Gujranwala road late on Tuesday. SSP Investigation Syed Ameen Bukhari told newsmen on Wednesday that on a tip-off a p
Published 19 Mar, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 18, 2009).

Published 19 Mar, 2009 12:00am
Supreme Court judges strength becomes 25 after restoration

Supreme Court judges strength becomes 25 after restoration

A total strength of judges of the Supreme Court of Pakistan stood 25 after the restoration of five deposed judges including Chief Justice Iftikhar Muhammad Chaudhry and retirement of outgoing CJ Abdul Hameed Dogar. Currently, the total strength of the SC
Published 19 Mar, 2009 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (March 18, 2009).

Published 19 Mar, 2009 12:00am
US must review policy to expand drone attacks to Balochistan: Kaira

US must review policy to expand drone attacks to Balochistan: Kaira

Federal Information Minister Qamar Zaman Kaira has said that US must review its policy to expand drone attacks to Balochistan, as it would be counterproductive to efforts being made for curbing terrorism in the region. Our policy remains unchanged and we
Published 19 Mar, 2009 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 19 Mar, 2009 12:00am
IHK settlement imperative for regional peace

IHK settlement imperative for regional peace

The illegally detained leader of All Parties Hurriyet Conference and Chairman of Jammu and Kashmir Peoples Movement, Ghulam Muhammad Mir has said that the settlement of Kashmir dispute in accordance with Kashmiris aspirations is imperative for maintaining
Published 19 Mar, 2009 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 19 Mar, 2009 12:00am
Bal Thackeray lauds Varuns anti-Muslim remarks

Bal Thackeray lauds Varuns anti-Muslim remarks

Even as he faces flak over his alleged communal speech, Varun Gandhi has received support from Shiv Sena chief Bal Thackeray, who has lauded his statements against the Indian Muslims. In an editorial of party mouthpiece Saamna, Thackeray wrote, Whatever h
Published 19 Mar, 2009 12:00am
Five killed in road accidents

Five killed in road accidents

Five persons including two children died in separate road accidents in Srinagar, Budgam, Awantipora and Jammu areas in occupied Kashmir. According to Kashmir Media Service, a trooper of 41-Rashtriya Rifles slipped to death when he was trying to cross the
Published 19 Mar, 2009 12:00am
Ghotki police tops the crime control list

Ghotki police tops the crime control list

Ghotki police have emerged to top the list of crime control in the entire Sukkur region. Ghotki Police in 83 different encounters, during the past two months, has apprehended 163 dacoits with millions announced as their head money, 1,472 other criminals a
Published 19 Mar, 2009 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous days closes in brackets).

Published 19 Mar, 2009 12:00am
Country faces number of environmental challenges

Country faces number of environmental challenges

The Federal Minister for Environment Hameed Ullah Jan Afridi said that Pakistan is facing a number of environmental challenges due to accelerated economic and demographic changes. Unsustainable rate of population growth, dependency on natural resources an
Published 19 Mar, 2009 12:00am
Smeda invests Rs 932 million for development in NWFP

Smeda invests Rs 932 million for development in NWFP

Small and Medium Enterprises Development Authority (Smeda) has facilitated an investment of around Rs 932 million in NWFP besides training about 12,000 SME entrepreneurs in the province. The organisation, set up in 1998 to take up the challenge of develop
Published 19 Mar, 2009 12:00am
Presidency not giving up on Punjab front!

Presidency not giving up on Punjab front!

Lost its judiciary battle, the Presidency is not giving up on Punjab front that could harm the possible reconciliation between the two major political parties on implementation of Charter of Democracy (CoD). The real issue whether there is reconciliation
Published 19 Mar, 2009 12:00am
Salary procedure for LHWs being simplified

Salary procedure for LHWs being simplified

The government is planning to simplify the procedure of paying salaries to the Lady Health Workers (LHW), Federal Minister for Health Mir Ejaz Hussain Jhakrani said. While talking to media after chairing the Advocacy seminar titled, Contributing Together
Published 19 Mar, 2009 12:00am
Habib Jalib will be remembered for his struggle for democracy: Zardari

Habib Jalib will be remembered for his struggle for democracy: Zardari

President Asif Ali Zardari has said that Habib Jalib will always be remembered for his heroic struggle for democracy, human rights and against tyrannical dictatorship through his easy to understand and style of poetry. Jalib is our national asset whose na
Published 19 Mar, 2009 12:00am
Women more likely to develop multiple sclerosis than men: WHO

Women more likely to develop multiple sclerosis than men: WHO

"Multiple Sclerosis (MS) is one of the most common neurological disorders and causes of disability in young adults," according to a 2008 WHO publication. Although some people with MS lead functional lives without acute disability, 60 percent of people wit
Published 19 Mar, 2009 12:00am
Nadra, MCB sign accord for online banking facility

Nadra, MCB sign accord for online banking facility

National Database and Registration Authority (Nadra) has signed an agreement with MCB Ltd for provision of online banking facility to e-Sahulat franchisees of the Authority across the Pakistan. Under this agreement the MCB Bank will provide the facility r
Published 19 Mar, 2009 12:00am
Construction work on Benazir Shaheed hospital to start soon

Construction work on Benazir Shaheed hospital to start soon

The PPP MNA, Asma Alamgir has said that the construction of Benazir Bhutto Shaheed Hospital will be started soon in Peshawar so that modern medical facilities could be provided to the people of the area at their doorstep. She said, the present democratic
Published 19 Mar, 2009 12:00am
Mexican envoy calls on Pervez Ashraf

Mexican envoy calls on Pervez Ashraf

Ambassador of Mexico to Pakistan, HE Arturo Hernandez-Basave called on the Federal Minister for Water and Power, Raja Pervez Ashraf on Wednesday in his office and discussed various matters of mutual interest and to enhance economic ties between the two co
Published 19 Mar, 2009 12:00am
Clarification

Clarification

This is a clarification of the news item published in Business Recorder on March 18, 2009. PakBrunei Investment Company is rated AA (Double A) by the Pakistan Credit Rating Agency (Pacra) and amongst the highly rated DFls operating in Pakistan.
Published 19 Mar, 2009 12:00am
Fauzia made PPP information secretary

Fauzia made PPP information secretary

Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari on Wednesday appointed Fauzia Wahab as PPP information secretary, replacing Sherry Rehman, the former information minister who quit the cabinet over the curbs on media purportedly ordered by Presid
Published 19 Mar, 2009 12:00am
Mobilink registers 12 percent growth in revenue

Mobilink registers 12 percent growth in revenue

The Mobilink, the countrys market leader in cellular communications and part of the Orascom Telecom Holding (OTH) registered a growth of 12 percent in revenue in terms of local currency reaching Rs 86 billion, while the earning before interest taxation de
Published 19 Mar, 2009 12:00am
Mobilink registers 12 percent growth in revenue

Mobilink registers 12 percent growth in revenue

The Mobilink, the countrys market leader in cellular communications and part of the Orascom Telecom Holding (OTH) registered a growth of 12 percent in revenue in terms of local currency reaching Rs 86 billion, while the earning before interest taxation de
Published 19 Mar, 2009 12:00am
Chaudhry restored under a deal: Khalid Khwaja

Chaudhry restored under a deal: Khalid Khwaja

Chief Justice Iftikhar Muhammad Chaudhry cant dispense justice to kith and kin of missing people as he came under a deal brokered by international forces including US. Court has already issued orders for recovery of missing people and it is obligatory on
Published 19 Mar, 2009 12:00am
45th BoD meeting: Pesco approves long-term loans for employees

45th BoD meeting: Pesco approves long-term loans for employees

Peshawar Electricity Supply Company (Pesco) Board of Directors (BoD) in its 45th meeting on Wednesday approved the issuing of long-term loans to employees of the company. The meeting of the board was held with chairman Jamshid Savul in the chair who also
Published 19 Mar, 2009 12:00am
Zardari and Gilani urged to hold monthly meetings with businessmen

Zardari and Gilani urged to hold monthly meetings with businessmen

President, Saarc Chamber of Commerce, Tariq Sayeed has urged President Zardari and Prime Minister Gilani to hold monthly meetings with business community to prepare strategy to overcome economic crises. Speaking at a meeting organised by Dawood Ismsail Jh
Published 19 Mar, 2009 12:00am
Gaddap, Keamari residents braving load shedding over 30 hours

Gaddap, Keamari residents braving load shedding over 30 hours

The people of Gaddap and Keamari Town are braving over 30 hours of load shedding as Karachi Electric Supply Company (KESC) has failed to restore the electric supply to the respective areas till night on Wednesday. The Electric supply to city outskirts lik
Published 19 Mar, 2009 12:00am
Jobs cut in Dubai: returning workers to raise unemployment ratio

Jobs cut in Dubai: returning workers to raise unemployment ratio

A large number of Pakistani workers are constrained to return home from Dubai on account of cut in number of jobs there in the wake of global financial crisis that has badly hit the construction industry in the Arab commercial centre. The return of unempl
Published 19 Mar, 2009 12:00am
EBM, URS to host 8th international safe food conference on March 26

EBM, URS to host 8th international safe food conference on March 26

English Biscuit Manufacturers Pvt Limited (EBM) and United Registrar of Systems (URS) will host the 8th International Safe Food Conference 2009 on March 26, 2009 in Karachi. The conference aims to raise greater awareness of food safety issues amongst all
Published 19 Mar, 2009 12:00am
Mumbai terrorist attacks: government seeks special remand of accused

Mumbai terrorist attacks: government seeks special remand of accused

Federal government has decided to get special remand of the accused of the Mumbai terrorist attacks from Special Anti-Terrorist Court (ATC) to lead the investigation towards right direction. The trial court, ATC 2 of Sakhi Muhammad Kahut had already given
Published 19 Mar, 2009 12:00am
PMKM to observe World Water Day as protest day

PMKM to observe World Water Day as protest day

Pakistan Mutthida Kissan Mahaz (PMKM) has announced to observe World Water Day as protest day against the Indian plans of constructing dams and reservoirs against the Indus Basic Water treaty. World Water Day falls on March 22 of every year and the organi
Published 19 Mar, 2009 12:00am
Ensuring financial autonomy to the CCP

Ensuring financial autonomy to the CCP

It is a matter of grave concern that some of the regulatory bodies appear to be reluctant to pay fees/charges prescribed by the government to the Competition Commission of Pakistan (CCP). According to reliable sources, the CCP has informed the Ministry of
Published 19 Mar, 2009 12:00am
The Pirwadhai attack

The Pirwadhai attack

Confusion surrounds the bomb blast at Rawalpindis busy Pirwadhai junction on Monday evening that killed at least 14 people and injured 25 others, 13 of them seriously, marring countrywide jubilation over the restoration of November 2, 2007, judiciary. The
Published 19 Mar, 2009 12:00am
Competition Law pertains to behavioural aspects - II

Competition Law pertains to behavioural aspects - II

  1. Under the Chartered Accountants Ordinance, 1961 (the "CA Ordinance") the preamble reads as follows: "To make provision for the regulation of the professional accountants. Whereas it is expedient to make provision for the regulation of the profe
Published 19 Mar, 2009 12:00am
Owners skulking away from underwater US homes

Owners skulking away from underwater US homes

Ron Barnard is throwing in the towel. Like a growing number of the 8.3 million American homeowners who owe more on mortgages than their homes are worth, hes ready to just walk away. Barnard and others like him are starting to worry market experts and econ
Published 19 Mar, 2009 12:00am
Freedom of the press

Freedom of the press

The Overseas Press Club of America (OPC) must echo the outrage expressed by the international press freedom group, Reporters Without Borders (RSF), at beheading of a journalist in the Swat valley shortly after he covered a "peace march" related to the imp
Published 19 Mar, 2009 12:00am
Senator Lashkari meets education minister

Senator Lashkari meets education minister

Senator Lashkari Raisani, from Balochistan, here on Wednesday, held a meeting with PPP parliamentary leader in Sindh Assembly and Sindh Education Minister, Pir Mazhar ul Haq. The meeting took place at the Sindh Assembly chamber of the PPP parliamentary le
Published 19 Mar, 2009 12:00am
Fisheries sector has great potential for growth

Fisheries sector has great potential for growth

Chief Secretary Punjab Nagib Ullah Malik has said that fisheries sector has a great potential of growth, which would help reducing unemployment and earning foreign exchange. Addressing the inaugural session of 4th National Symposium on fisheries here on W
Published 19 Mar, 2009 12:00am
Pakistanis brace for inferno amid crippling power shortages

Pakistanis brace for inferno amid crippling power shortages

Another long, hot summer is looming for Pakistans 160 million people, who are bracing for an inferno as the government yet again fails to meet basic electricity demand. "This summer is going to be a nightmare and even more horrible than the one we suffere
Published 19 Mar, 2009 12:00am
PTA extends endorsement to TeleCON 2009

PTA extends endorsement to TeleCON 2009

The Pakistan Telecommunication Authority (PTA) has extended endorsement to the 2nd Global Telecommunication Congress 2009 (TeleCON 2009) being held in Lahore on April 25. The Chairman, PTA, Dr Muhammad Yaseen Malik will deliver keynote address at the conf
Published 19 Mar, 2009 12:00am
Petrol shortage continues for third straight day

Petrol shortage continues for third straight day

Motorists are facing hardships on account of acute shortage of petrol, which has entered the third consecutive day on Wednesday due to non-payment to OMCs by the government. Liquefied Petroleum Gas (LPG) is also not available in some parts of the city, wh
Published 19 Mar, 2009 12:00am
Workshop on animal welfare held

Workshop on animal welfare held

Speakers at a workshop in the University of Veterinary and Animal Sciences (UVAS), Lahore stressed the need for creating public awareness about care for animals and prevention of cruelty meted out to them. The Society for Prevention of Cruelty to Animals
Published 19 Mar, 2009 12:00am
Vaccination campaign starts in North Waziristan

Vaccination campaign starts in North Waziristan

The Directorate of Livestock and Dairy Development, Fata has launched a vaccination campaign in North Waziristan Agency for prevention of Enterotoxaemia, a bacterial disease of sheep and goats.
Published 19 Mar, 2009 12:00am
Pakistan offers level playing field to investors: President

Pakistan offers level playing field to investors: President

The President, Asif Ali Zardari has said that Pakistan offers attractive opportunities and a level playing field to both domestic and foreign investors. He was talking to a delegation of Italian Oil Exploration Company, ENI headed by its CEO, Paolo Scaron
Published 19 Mar, 2009 12:00am
SSC examinations scheduled to start from March 20

SSC examinations scheduled to start from March 20

Controller of Examination, Karachi Board of Secondary Education, Syed Jawed Iftikhar has notified all concerned that the Secondary School Certificate (SSC) Annual Examination-2009 Science and General Groups (Regular and Private) is scheduled from March 20
Published 19 Mar, 2009 12:00am
AKU postgraduate medical education conference on April 24

AKU postgraduate medical education conference on April 24

The Department of Continuing Professional Education, Aga Khan University, on Wednesday announced that it will hold its 14th Annual PGME Conference--"Research: Going Beyond Clinical Competency"--in AKU Auditorium on April 24 and 25. The Post-Graduate Medic
Published 19 Mar, 2009 12:00am
Mepco gets Rs 80 million for village electrification

Mepco gets Rs 80 million for village electrification

The Multan Electric Power Company (Mepco) has received a sum of Rs 80 million under the Prime Ministers package for NA-178 constituency. MNA Jamshed Ahmed Dasti told newsmen on Wednesday that Prime Minister, Yousuf Raza Gilani has released the amount for
Published 19 Mar, 2009 12:00am
Two restored LHC judges resume work

Two restored LHC judges resume work

Two restored judges of the Lahore High Court, Justice Chaudhry Ijaz Ahmad and Justice Iqbal Hameed-ur-Rehman resumed their judicial work on Wednesday while Justice Khawaja Muhammad Sharif did not hold his court and remained in his chamber here on Wednesda
Published 19 Mar, 2009 12:00am
US MIDDAY: gold falls below $900

US MIDDAY: gold falls below $900

US gold futures dropped below $900 an ounce in heavy trade Wednesday on signs of rising scrap supplies and as an increase in investor risk appetite diminished bullions safe-haven appeal. Gold for April delivery was down $22.10, or 2.4 percent, at $894.70
Published 19 Mar, 2009 12:00am
US MIDDAY: copper slips

US MIDDAY: copper slips

US copper futures started lower early on Wednesday after a small rise in copper inventories, then added to losses when US equity markets moved down as traders took a defensive position before the Federal Reserve releases its policy statement later today.
Published 19 Mar, 2009 12:00am
US MIDDAY: wheat surges

US MIDDAY: wheat surges

CBOT May wheat rose 5-1/2 cents to $5.58 per bushel early on Wednesday on concerns about dry weather in the US Plains HRW wheat region, traders said. At 9:42 am CDT (1442 GMT), May was up 2-1/2 cents at $5.55.
Published 19 Mar, 2009 12:00am
US MIDDAY: soya rises

US MIDDAY: soya rises

CBOT May soya rallied 5 cents per bushel on Wednesday to trade at $9.18 on concerns about Argentine exports amid a dispute between the government and farmers, traders said. At 9:50 am CDT (1450 GMT), CBOT May soya was up 6 cents at $9.19 per bushel.
Published 19 Mar, 2009 12:00am
Gold falls three percent in London

Gold falls three percent in London

Gold extended losses to fall more than 3 percent on Wednesday as investors appetite for risk sharpened after positive US economic data. Spot gold tumbled to a six-week low of $882.90 an ounce and was at $889.10/890.70 an ounce at 1547 GMT from $914.20 lat
Published 19 Mar, 2009 12:00am
US MIDDAY: cocoa and coffee climb

US MIDDAY: cocoa and coffee climb

US cocoa and arabica coffee futures jumped to multiweek highs in early trade Wednesday, on chart-based buying and a boost from the weak dollar, traders said. Arabica coffee for May delivery up 1.95 cents to $1.1320 per lb, by 9:11 am EDT (1311 GMT). Sessi
Published 19 Mar, 2009 12:00am
Cocoa and sugar prices rally in London

Cocoa and sugar prices rally in London

Cocoa and sugar futures rallied on investor buying on Wednesday with both markets underpinned by supply concerns while coffee also edged higher. Dealers said cocoa derived support from pod counter estimates for the mid-crop in top producer Ivory Coast whi
Published 19 Mar, 2009 12:00am
Oil falls $1 a barrel

Oil falls $1 a barrel

Oil fell $1 a barrel on Wednesday after data showed US crude inventories swelled to the highest level in nearly two years and the World Bank cut its 2009 forecast for Chinas economic growth. In its weekly report, the US Energy Information Administration (
Published 19 Mar, 2009 12:00am
Copper edges down

Copper edges down

Copper edged down on Wednesday, as a rally driven by consecutive falls in inventories ran out of steam after stocks rose slightly, denting expectations of an improvement in demand. Three-month aluminium fell to close at $1,378 a tonne in official rings, f
Published 19 Mar, 2009 12:00am
New York cotton futures end lower

New York cotton futures end lower

Cotton futures settled lower on Wednesday on investor liquidation although losses were trimmed by possible consumer buying in the market, brokers said. The key May cotton contract lost 1.13 cents to end at 41.72 cents per lb, trading from 41.54 to 43.09 c
Published 19 Mar, 2009 12:00am
PML-Q CEC meeting on March 22

PML-Q CEC meeting on March 22

The PML (Quaid) leadership, which is facing opposition from within the party in forming an alliance with PPP for Punjab government, has convened the party Central Executive Committee (CEC) meeting on March 22. The party will discuss the current political
Published 19 Mar, 2009 12:00am
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