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Print - 2009-04-16
Hundreds of millions of Indians head to polls

Hundreds of millions of Indians head to polls

Indians vote Thursday in the worlds biggest-ever democratic elections, beginning a month of polling widely expected to leave this South Asian giant with a shaky coalition government as it deals with the global economic slump. In a nation of nearly 1.2 bil
Published 16 Apr, 2009 12:00am
Vietnams key coffee areas have record defects rate

Vietnams key coffee areas have record defects rate

Vietnams key coffee growing areas have reported defects involving black beans in 15 percent of their output, a record high, because of unseasonal rains, an industry official said. "The unseasonal rains falling during the harvesting time have worsened the
Published 16 Apr, 2009 12:00am
Rs 1.925 billion road contract awarded to two companies

Rs 1.925 billion road contract awarded to two companies

The government has awarded the contract of Lakhi-Naudero-Larkana section of road project worth Rs 1.925 billion to two companies Zarghoon and Ashraf D Baloch. The project work is divided into two portions that would be completed by these two companies. Th
Published 16 Apr, 2009 12:00am
KCBT wheat futures end lower

KCBT wheat futures end lower

Hard red winter wheat futures on the Kansas City Board of Trade settled lower on Tuesday, giving up early gains amid a round of profit-taking. Minneapolis wheat prices led wheat markets lower late on outlooks for improved spring wheat seeding weather in t
Published 16 Apr, 2009 12:00am
Taliban say wont give up guns in Swat

Taliban say wont give up guns in Swat

Pakistani Taliban will not lay down their arms in Swat valley as part of a deal that included the introduction of sharia law but will take their "struggle" to new areas, a militant spokesman said on Wednesday. President Asif Ali Zardari, under pressure fr
Published 16 Apr, 2009 12:00am
US Midwest soyabean bids mixed

US Midwest soyabean bids mixed

Spot basis bids for soyabeans were mixed around the US Midwest early on Tuesday amid light farmer selling, grain dealers said. Cash bids for corn held steady at most locations but the market had a firm tone due to slow country movement in recent days.
Published 16 Apr, 2009 12:00am
BRIndex30 gains 22.13 points

BRIndex30 gains 22.13 points

On Wednesday, the BRIndex30 opened at 7,457.57 points level, and closed at 7,470.07 with a net positive change of 22.13 points and percentage change of 0.30. It experienced intra-day high of 7,530.12 and low of 7,213.01. The volume amounted to 220,771,900
Published 16 Apr, 2009 12:00am
Canadian canola futures end at two-month high

Canadian canola futures end at two-month high

ICE Canadian canola closed at a two-month high Tuesday on an active trading day of almost 20,000 contracts, as farmers accelerated selling and found crushers and funds willing to buy, traders said. The buoyant Chicago Board of Trade soyabean complex is fu
Published 16 Apr, 2009 12:00am
BRIndex30 gains 22.13 points

BRIndex30 gains 22.13 points

On Wednesday, the BRIndex30 opened at 7,457.57 points level, and closed at 7,470.07 with a net positive change of 22.13 points and percentage change of 0.30. It experienced intra-day high of 7,530.12 and low of 7,213.01. The volume amounted to 220,771,900
Published 16 Apr, 2009 12:00am
US corn futures rise

US corn futures rise

US corn futures on the Chicago Board of Trade rose on Tuesday on spillover support from soyabeans, traders said. Buy-stops were triggered, escalating corn higher, traders said. May corn ended 6-3/4 cents higher at $3.94-1/4 a bushel. New-crop December clo
Published 16 Apr, 2009 12:00am
Trading range-bound on KSE

Trading range-bound on KSE

The Karachi share market saw a volatile session on Wednesday as KSE-100 index oscillated between 7,885.67 points intra-day high and 7,607.07 points low before settling at 7,807.08 points with a net loss of 25.77 points. Trading was range-bound and the vol
Published 16 Apr, 2009 12:00am
Gur, khandsari prices up on grain market

Gur, khandsari prices up on grain market

Gur and khandsari prices were higher on the wholesale grain and seed market on Wednesday on demand and supply factor, dealers said. On the cereals side wheat old and new burdana (with bag) prices gained Rs 40 to Rs 2380-2395, sugar low type was down by Rs
Published 16 Apr, 2009 12:00am
Trading range-bound on KSE

Trading range-bound on KSE

The Karachi share market saw a volatile session on Wednesday as KSE-100 index oscillated between 7,885.67 points intra-day high and 7,607.07 points low before settling at 7,807.08 points with a net loss of 25.77 points. Trading was range-bound and the vol
Published 16 Apr, 2009 12:00am
Indian sugar futures fall

Indian sugar futures fall

Indian sugar futures dropped on Wednesday as traders booked profits after a 11 percent gain in the past month, but spot prices continued to rally on robust summer demand from beverage and ice-cream makers. "Profit-booking was there. Fundamentals are still
Published 16 Apr, 2009 12:00am
Trading range-bound on KSE

Trading range-bound on KSE

The Karachi share market saw a volatile session on Wednesday as KSE-100 index oscillated between 7,885.67 points intra-day high and 7,607.07 points low before settling at 7,807.08 points with a net loss of 25.77 points. Trading was range-bound and the vol
Published 16 Apr, 2009 12:00am
36 percent decline in foreign investment

36 percent decline in foreign investment

Foreign investment during nine months of current fiscal year (July-March period) declined by 36 percent mainly due to global economic slowdown, the countrys poor economic indicators, and unstable law and order situation. Massive outflow from portfolio inv
Published 16 Apr, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 147,802 tonnes of cargo including 121,264 tonnes of import and 26,538 tonnes of export, 4,584 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday. The freights comprised of 83,132 tonnes of dr
Published 16 Apr, 2009 12:00am
New York cotton

New York cotton

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

Published 16 Apr, 2009 12:00am
Government seeks aid for water sector, Railways projects

Government seeks aid for water sector, Railways projects

The government will seek assistance from Friends of Democratic Pakistan (FODP) for three projects in water sector worth Rs 80.6 billion in a meeting to be held in Tokyo on April 17. It will also seek assistance for Railways "Rehabilitation of 400 Passenge
Published 16 Apr, 2009 12:00am
New York cotton

New York cotton

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

Published 16 Apr, 2009 12:00am
Government seeks aid for water sector, Railways projects

Government seeks aid for water sector, Railways projects

The government will seek assistance from Friends of Democratic Pakistan (FODP) for three projects in water sector worth Rs 80.6 billion in a meeting to be held in Tokyo on April 17. It will also seek assistance for Railways "Rehabilitation of 400 Passenge
Published 16 Apr, 2009 12:00am
Barclays bid rates and maximum rates for payment of interest

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 16 Apr, 2009 12:00am
Government seeks aid for water sector, Railways projects

Government seeks aid for water sector, Railways projects

The government will seek assistance from Friends of Democratic Pakistan (FODP) for three projects in water sector worth Rs 80.6 billion in a meeting to be held in Tokyo on April 17. It will also seek assistance for Railways "Rehabilitation of 400 Passenge
Published 16 Apr, 2009 12:00am
State Bank of Pakistan conversion rates

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 16 Apr, 2009 12:00am
Taliban say wont give up guns in Swat

Taliban say wont give up guns in Swat

Pakistani Taliban will not lay down their arms in Swat valley as part of a deal that included the introduction of sharia law but will take their "struggle" to new areas, a militant spokesman said on Wednesday. President Asif Ali Zardari, under pressure fr
Published 16 Apr, 2009 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (April 15, 2009).

Published 16 Apr, 2009 12:00am
Downtrend persists on LSE

Downtrend persists on LSE

Downtrend continued on Lahore Stock Exchange on Wednesday and extended losses amid descending transaction volume on account of profit taking, but fresh buying in select shares during last trading hour helped the market to partly recover early losses. The
Published 16 Apr, 2009 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (April 15, 2009).

Published 16 Apr, 2009 12:00am
Crescent awaits Iran reply on new gas price

Crescent awaits Iran reply on new gas price

The United Arab Emirates-based Crescent Petroleum is awaiting a response from Irans oil ministry on its proposed price hike on a gas export deal, the semi-official Fars news agency reported on Wednesday. The National Iranian Oil Co (NIOC) and Crescent Pet
Published 16 Apr, 2009 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (April 15, 2009).

Published 16 Apr, 2009 12:00am
Bears return in driving seat on ISE

Bears return in driving seat on ISE

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where selling pressure in trend-setters moved the entire ready-board in downward direction amid decrease in index. ISE Ten Index was minus by 22.75 points, as the ISE Ten Index moved
Published 16 Apr, 2009 12:00am
Bill buying rates per unit of currency

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 (April 15, 2009).

Published 16 Apr, 2009 12:00am
Bears return in driving seat on ISE

Bears return in driving seat on ISE

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where selling pressure in trend-setters moved the entire ready-board in downward direction amid decrease in index. ISE Ten Index was minus by 22.75 points, as the ISE Ten Index moved
Published 16 Apr, 2009 12:00am
Downtrend persists on LSE

Downtrend persists on LSE

Downtrend continued on Lahore Stock Exchange on Wednesday and extended losses amid descending transaction volume on account of profit taking, but fresh buying in select shares during last trading hour helped the market to partly recover early losses. The
Published 16 Apr, 2009 12:00am
Shells profit declines in first quarter

Shells profit declines in first quarter

Shell Pakistan Limited has earned Rs 374.140 million as profit after tax in the first quarter ended March 31, 2009 as compared to Rs 962.319 million in the corresponding period in 2008. The board of directors of the company in its meeting held on Wednesda
Published 16 Apr, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (April 15, 2009).
Published 16 Apr, 2009 12:00am
Shells profit declines in first quarter

Shells profit declines in first quarter

Shell Pakistan Limited has earned Rs 374.140 million as profit after tax in the first quarter ended March 31, 2009 as compared to Rs 962.319 million in the corresponding period in 2008. The board of directors of the company in its meeting held on Wednesda
Published 16 Apr, 2009 12:00am
5,972 metric tonnes of LPG imported during current month

5,972 metric tonnes of LPG imported during current month

Liquefied petroleum gas (LPG) marketing companies imported 5,972 metric tonnes of LPG this month to meet the countrys requirements, the LPG Association of Pakistan (LPGAP) said here on Tuesday. "This product has been brought in under the existing LPG poli
Published 16 Apr, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (April 15, 2009).

Published 16 Apr, 2009 12:00am
ADB board calls for 200 percent capital increase: president

ADB board calls for 200 percent capital increase: president

In the wake of the global financial crisis the board of the Asian Development Bank has passed a resolution calling for a 200 percent increase in the banks capital base, the banks president said Wednesday. Haruhiko Kuroda said that the increase would boost
Published 16 Apr, 2009 12:00am
Supreme Court orders release of Maulana Aziz on bail

Supreme Court orders release of Maulana Aziz on bail

The Supreme Court on Wednesday ordered release of former Khatib of Lal Masjid Maulana Abdul Aziz on bail from the 27th case regarding occupation of childerns library after a detention of almost 18 months. A three-member bench of the apex court, comprising
Published 16 Apr, 2009 12:00am
Supreme Court orders release of Maulana Aziz on bail

Supreme Court orders release of Maulana Aziz on bail

The Supreme Court on Wednesday ordered release of former Khatib of Lal Masjid Maulana Abdul Aziz on bail from the 27th case regarding occupation of childerns library after a detention of almost 18 months. A three-member bench of the apex court, comprising
Published 16 Apr, 2009 12:00am
Palm oil purchases expected to remain slow

Palm oil purchases expected to remain slow

Pakistan has made few purchases of palm oil this month after strong buying in the first quarter led to a glut, and buying is expected to remain slow at present prices, a top industry official said on Wednesday. "The country overbought in the first quarter
Published 16 Apr, 2009 12:00am
Seven Indian army personnel killed

Seven Indian army personnel killed

Seven Indian Army personnel were killed when an avalanche hit a counter-insurgency post in frontier district of Kupwara. Eight other Jawans escaped unhurt in the incident in Karnah sector, about 135 kms from occupied Srinagar. There are rumours that these
Published 16 Apr, 2009 12:00am
Security of key installations beefed up

Security of key installations beefed up

Law enforcement agencies in Faisalabad have taken all necessary measures to safeguard the lives and properties of the people after receiving recent terrorist threats. Security of key installations has been beefed up and a strong information-sharing networ
Published 16 Apr, 2009 12:00am
PSO buys 845,000 tonnes of HSFO from FAL

PSO buys 845,000 tonnes of HSFO from FAL

Pakistan State Oil (PSO) has bought via tender about 845,000 tonnes of high-sulphur fuel oil (HSFO) for May-July delivery from FAL Oil at prices lower than previous deals, traders said on Wednesday. PSO will buy the cargoes at a premium of $15 to $18 per
Published 16 Apr, 2009 12:00am
Punjab police salaries raised, more benefit for lower staff

Punjab police salaries raised, more benefit for lower staff

Punjab Chief Minister, Shahbaz Sharif has announced a raise in the salaries of Punjab Police from April 1, 2009. Lower staff will benefit more from this decision. He also announced risk allowance equal to one basic pay, a fixed daily allowance of 20 days
Published 16 Apr, 2009 12:00am
LCCI team leaves for China

LCCI team leaves for China

The Lahore Chamber of Commerce and Industrys former senior vice president Frooq Iftikhar on Wednesday left for China as head of the LCCI delegation to attend Canton Fair-2009. According to the LCCI spokesman Shahid Khalil, 81 LCCI members are likely to ta
Published 16 Apr, 2009 12:00am
Uplift projects to help upgrade peoples standard of living: Shahbaz

Uplift projects to help upgrade peoples standard of living: Shahbaz

Punjab Chief Minister, Mian Shahbaz Sharif on Wednesday said that the government had launched a number of development projects worth billions of rupees for upgrading the standard of living of the people and the completion of these projects would surely us
Published 16 Apr, 2009 12:00am
Kasab asks for Pakistani lawyer: defence lawyer dismissed

Kasab asks for Pakistani lawyer: defence lawyer dismissed

The suspect captured during Novembers Mumbai attacks asked an Indian court Wednesday to provide him with a Pakistani defence lawyer, a request denied by the trial judge. Mohammed Ajmal Kasab made the request after the judge sacked his state-appointed lawy
Published 16 Apr, 2009 12:00am
Kasab asks for Pakistani lawyer: defence lawyer dismissed

Kasab asks for Pakistani lawyer: defence lawyer dismissed

The suspect captured during Novembers Mumbai attacks asked an Indian court Wednesday to provide him with a Pakistani defence lawyer, a request denied by the trial judge. Mohammed Ajmal Kasab made the request after the judge sacked his state-appointed lawy
Published 16 Apr, 2009 12:00am
Reported Chinese blocking an Indian loan a misunderstanding: ADB

Reported Chinese blocking an Indian loan a misunderstanding: ADB

The Asian Development Bank Wednesday said a report that its lending programme for India had been blocked by China was a "misunderstanding." The banks president, Haruhiko Kuroda, made the comments following reports that China deferred approval of the ADBs
Published 16 Apr, 2009 12:00am
India tests nuclear-capable missile

India tests nuclear-capable missile

India Wednesday successfully tested a short-range nuclear-capable ballistic missile from a facility in eastern Orissa state, defence sources said. The test of an improved version of Prithvi-II (Earth) was carried out from Integrated Testing Range at Chand
Published 16 Apr, 2009 12:00am
India tests nuclear-capable missile

India tests nuclear-capable missile

India Wednesday successfully tested a short-range nuclear-capable ballistic missile from a facility in eastern Orissa state, defence sources said. The test of an improved version of Prithvi-II (Earth) was carried out from Integrated Testing Range at Chand
Published 16 Apr, 2009 12:00am
Rehabilitation of displaced persons top priority: Fehmida

Rehabilitation of displaced persons top priority: Fehmida

Dr Fehmida Mirza, Speaker National Assembly has said that rehabilitation of the displaced persons of Bajaur and FATA was the priority of the democratic government and the elected members of the Parliament and all concerned agencies have been asked to expe
Published 16 Apr, 2009 12:00am
Zardari vows to retrieve country from various challenges

Zardari vows to retrieve country from various challenges

President Asif Ali Zardari on Wednesday vowed to retrieve the country from various challenges including economic and security through home-grown strategies and by following the policy of reconciliation and dialogue. The President was addressing the Pakist
Published 16 Apr, 2009 12:00am
Transfers and postings of judges

Transfers and postings of judges

Chief Justice of the Lahore High Court (LHC) Justice Khawaja Muhammad Sharif here Wednesday made massive reshuffle in the subordinate judiciary. According to the notification, CJ made transfer and posting among two sessions judges, eight additional distri
Published 16 Apr, 2009 12:00am
Bara Kahu grid station wall demolished

Bara Kahu grid station wall demolished

A local resident of Bara Kahu, a suburban area of Islamabad has demolished the wall of Bara Kahu Grid Station to occupy the land for construction of his shopping plaza. The demolished grid station supplying electricity to Islamabad and Murree is now vulne
Published 16 Apr, 2009 12:00am
Separate Zonal Office of ZTBL for AJK established

Separate Zonal Office of ZTBL for AJK established

The President Zari Taraqiati Bank Ltd (ZTBL) Muhammad Zaka Ashraf on the instructions of President Asif Ali Zardari and on the demands of Prime Minister Azad Kashmir has announced a separate Zonal Office of ZTBL for Azad Kashmir. The announcement was made
Published 16 Apr, 2009 12:00am
Pims direly needs funds

Pims direly needs funds

Due to the shortage of funds Pakistan Institute of Medical Sciences (Pims), the largest hospital of the capital, is currently facing acute shortage of doctors, medical experts, beds, drugs and modern technology to treat/diagnose visiting patients. Present
Published 16 Apr, 2009 12:00am
Government, opposition asked to save country from economic crisis

Government, opposition asked to save country from economic crisis

Pakistan is inching towards worst economic crisis and it is responsibility of the government and opposition to form a comprehensive policy to tackle the situation, said Chairman of Senate Standing Committee on Interior Senator Talha Mehmood here on Wednes
Published 16 Apr, 2009 12:00am
ANF freezes assets of drug barons worth $74.524 million

ANF freezes assets of drug barons worth $74.524 million

Anti-Narcotics Force (ANF) has so far frozen assets worth $74.524 million belonging to drug barons, who acquired assets through drug proceeds. In a written reply, Ministry of Narcotics Control informed the National Assembly here on Wednesday, according to
Published 16 Apr, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Writing an analytical piece on proceedings of the National Assembly could be very difficult for someone who listened to a long and lengthy speech of leader of the opposition Chaudhry Nisar Ali Khan. It was more or less solo flight he took on Wednesday. He
Published 16 Apr, 2009 12:00am
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