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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-04-22
Same company subsidiaries merger: CCP to remove NOC requirement

Same company subsidiaries merger: CCP to remove NOC requirement

The subsidiary holding companies would not be required to obtain pre-merger clearance from the Competition Commission of Pakistan (CCP) for mergers, amalgamation and ventures with other subsidiaries of the same company. The CCP has considerably relaxed ru
Published 22 Apr, 2009 12:00am
Western Australia crop planting prospects improve

Western Australia crop planting prospects improve

Rain is forecast to fall this week over much of the grain growing regions of Western Australia, Australia's top grain exporting state, improving prospects for planting winter crops such as wheat, barley and canola. Australia's Bureau of Meteorology said o
Published 22 Apr, 2009 12:00am
7.58 percent decline in textile exports

7.58 percent decline in textile exports

Exports of textile products declined by 7.58 percent during July-March period of current fiscal year to $7.193 billion as compared to $7.7883 billion of the same period of last year, according to Federal Bureau of Statistics. Figures released here on Tues
Published 22 Apr, 2009 12:00am
FOB Gulf soya firm on China demand

FOB Gulf soya firm on China demand

US corn export premiums at the Gulf of Mexico were firm on Monday amid higher CIF barge values and weaker futures. Soyabean basis held steady, but the market had a firm tone due to continued Chinese demand. Shrinking size of drought-hit Argentine soya cro
Published 22 Apr, 2009 12:00am
BRIndex30 down 111.16 points

BRIndex30 down 111.16 points

On Tuesday, the BRIndex30 opened in the green zone at 7,721.56 with an upward gap of 74.03 points, but in the last hour went to the negative zone and remained in red for the rest of the trading time. It closed at 7,536.37 points with a net negative change
Published 22 Apr, 2009 12:00am
India NAFED to buy 25,000 tonnes sugar

India NAFED to buy 25,000 tonnes sugar

India's top farm co-operative, National Agriculture Cooperative Marketing Federation of India (NAFED), plans to import 25,000 tonnes of tax-free white sugar next month and another 50,000 tonnes by June, government sources told Reuters on Tuesday.
Published 22 Apr, 2009 12:00am
BRIndex30 down 111.16 points

BRIndex30 down 111.16 points

On Tuesday, the BRIndex30 opened in the green zone at 7,721.56 with an upward gap of 74.03 points, but in the last hour went to the negative zone and remained in red for the rest of the trading time. It closed at 7,536.37 points with a net negative change
Published 22 Apr, 2009 12:00am
US wheat futures end lower

US wheat futures end lower

US wheat futures skidded lower on Monday, following declines posted in outside markets under pressure from a firmer dollar and continued economic uncertainty. The CBOT SRW May wheat ended down 18-1/2 cents at $5.04-1/2 per bushel. KCBT HRW May wheat close
Published 22 Apr, 2009 12:00am
KSE Index loses 68 points

KSE Index loses 68 points

The Karachi share market opened on a positive note on the back of a cut in discount rate by the central bank and the benchmark KSE-100 index breached 8,000 crucial level to hit 8,35.71 points intra-day high on Tuesday. However, the index could not continu
Published 22 Apr, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 196,470 tonnes of cargo including 160,501 tonnes of import and 35,969 tonnes of export, 3,703 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday. The freights comprised of 117,240 tonnes of dry
Published 22 Apr, 2009 12:00am
KSE Index loses 68 points

KSE Index loses 68 points

The Karachi share market opened on a positive note on the back of a cut in discount rate by the central bank and the benchmark KSE-100 index breached 8,000 crucial level to hit 8,35.71 points intra-day high on Tuesday. However, the index could not continu
Published 22 Apr, 2009 12:00am
Russia exports 17.1 million tonnes of grain by mid April

Russia exports 17.1 million tonnes of grain by mid April

Russia has exported 17.1 million tonnes of grain so far in the current crop year, including 15.13 million tonnes of wheat and 1.97 million tonnes of barley, the Agriculture Ministry said on Tuesday. The ministry gave no comparisons with year-ago volumes.
Published 22 Apr, 2009 12:00am
No decision on gas price fixation period reached yet

No decision on gas price fixation period reached yet

The government has not yet reached consensus over the period for gas prices fixation--bi-annual or quarterly--as the Economic Co-ordination Committee (ECC) of Cabinet in its previous meeting had agreed just to constitute a committee, sources in Petroleum
Published 22 Apr, 2009 12:00am
Financing allowed for spinning sector machinery import

Financing allowed for spinning sector machinery import

The State Bank of Pakistan has allowed financing for plant, machinery & equipment under LTFF to be used by the export-oriented projects in sub-sectors/processes of spinning sector including doubling, twisting, combing, slubbing, lycra, and yarn dyeing.
Published 22 Apr, 2009 12:00am
New York cotton

New York cotton

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

Published 22 Apr, 2009 12:00am
Financing allowed for spinning sector machinery import

Financing allowed for spinning sector machinery import

The State Bank of Pakistan has allowed financing for plant, machinery & equipment under LTFF to be used by the export-oriented projects in sub-sectors/processes of spinning sector including doubling, twisting, combing, slubbing, lycra, and yarn dyeing.
Published 22 Apr, 2009 12:00am
New York cotton

New York cotton

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

Published 22 Apr, 2009 12:00am
Financing allowed for spinning sector machinery import

Financing allowed for spinning sector machinery import

The State Bank of Pakistan has allowed financing for plant, machinery & equipment under LTFF to be used by the export-oriented projects in sub-sectors/processes of spinning sector including doubling, twisting, combing, slubbing, lycra, and yarn dyeing.
Published 22 Apr, 2009 12:00am
Financing allowed for spinning sector machinery import

Financing allowed for spinning sector machinery import

The State Bank of Pakistan has allowed financing for plant, machinery & equipment under LTFF to be used by the export-oriented projects in sub-sectors/processes of spinning sector including doubling, twisting, combing, slubbing, lycra, and yarn dyeing.
Published 22 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 22 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 22 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 Tuesday (April 21, 2009).

Published 22 Apr, 2009 12:00am
No decision on gas price fixation period reached yet

No decision on gas price fixation period reached yet

The government has not yet reached consensus over the period for gas prices fixation--bi-annual or quarterly--as the Economic Co-ordination Committee (ECC) of Cabinet in its previous meeting had agreed just to constitute a committee, sources in Petroleum
Published 22 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 Tuesday (April 21, 2009).

Published 22 Apr, 2009 12:00am
No decision on gas price fixation period reached yet

No decision on gas price fixation period reached yet

The government has not yet reached consensus over the period for gas prices fixation--bi-annual or quarterly--as the Economic Co-ordination Committee (ECC) of Cabinet in its previous meeting had agreed just to constitute a committee, sources in Petroleum
Published 22 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 Tuesday (April 21, 2009).

Published 22 Apr, 2009 12:00am
Equities fail to maintain upward trend on LSE

Equities fail to maintain upward trend on LSE

The equities on Tuesday failed to maintain upward trend on the Lahore Stock Exchange (LSE) and registered declines amid selling pressure on account of profit taking in banking and fertiliser sectors' shares. The LSE-25 index reduced to 2303.96 against 235
Published 22 Apr, 2009 12:00am
Body for Balochistan submits report: Prime Minister

Body for Balochistan submits report: Prime Minister

The joint security committee set up for Balochistan has submitted its recommendations and a policy is being prepared in its light. This was stated by Prime Minister, Syed Yousuf Raza Gilani, here on Tuesday. Talking to reporters, he said that a committee
Published 22 Apr, 2009 12:00am
US signs Afghanistan transit deal with Tajikistan

US signs Afghanistan transit deal with Tajikistan

The United States and Tajikistan have agreed a deal on the transit of non-military cargoes for Western operations in Afghanistan, US Assistant Secretary of State Richard Boucher said Tuesday. "Yes, it's done," Boucher said in response to a question about
Published 22 Apr, 2009 12:00am
US signs Afghanistan transit deal with Tajikistan

US signs Afghanistan transit deal with Tajikistan

The United States and Tajikistan have agreed a deal on the transit of non-military cargoes for Western operations in Afghanistan, US Assistant Secretary of State Richard Boucher said Tuesday. "Yes, it's done," Boucher said in response to a question about
Published 22 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 Tuesday (April 21, 2009).

Published 22 Apr, 2009 12:00am
Bank of Canada cuts rates, to unveil new strategy

Bank of Canada cuts rates, to unveil new strategy

The Bank of Canada cut its benchmark interest rate on Tuesday to an historic low of 0.25 percent and made no explicit commitment on taking nonconventional measures to spur the economy even as it predicted a deeper-than-expected recession. It took the unus
Published 22 Apr, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 21, 2009).
Published 22 Apr, 2009 12:00am
Bears return to front seat on ISE

Bears return to front seat on ISE

Bears returned in the front seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers under the lead of hot favourite amid decrease in index. ISE Ten Index showed a decrease of 32.21 points, as it moved from 1,794.84 to 1,762.63 points.
Published 22 Apr, 2009 12:00am
Bears return to front seat on ISE

Bears return to front seat on ISE

Bears returned in the front seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers under the lead of hot favourite amid decrease in index. ISE Ten Index showed a decrease of 32.21 points, as it moved from 1,794.84 to 1,762.63 points.
Published 22 Apr, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 21, 2009).

Published 22 Apr, 2009 12:00am
Equities fail to maintain upward trend on LSE

Equities fail to maintain upward trend on LSE

The equities on Tuesday failed to maintain upward trend on the Lahore Stock Exchange (LSE) and registered declines amid selling pressure on account of profit taking in banking and fertiliser sectors' shares. The LSE-25 index reduced to 2303.96 against 235
Published 22 Apr, 2009 12:00am
Petition against education policy filed in IHC

Petition against education policy filed in IHC

A student of eighth class here Tuesday filed a writ in the Islamabad High Court against Education Policy 2008-09. Samman Saida has complained in the writ that the policy has adversely affected her educational pursuit. She has moved the writ through her gu
Published 22 Apr, 2009 12:00am
Pakistan and Syria urge tolerance after UN meeting walk-out

Pakistan and Syria urge tolerance after UN meeting walk-out

Syria appealed for tolerance at the United Nations on Tuesday as diplomats tried to brush off remarks by Iranian President Mahmoud Ahmadinejad that triggered a walk-out from a major conference on racism.
Published 22 Apr, 2009 12:00am
Changes in income tax rules: time extended for comments

Changes in income tax rules: time extended for comments

The Federal Board of Revenue (FBR) has extended time period for obtaining comments of stakeholders on draft amendments in the Income Tax Rules pertaining to different issues including Commissioner's powers to register the taxpayer on a Trial Registration
Published 22 Apr, 2009 12:00am
Global financial crisis to cost four trillion dollars: IMF

Global financial crisis to cost four trillion dollars: IMF

The International Monetary Fund on Tuesday raised its estimate of the cost of the global financial crisis to more than four trillion dollars in writedowns on soured credit. The IMF said the total estimated cost of 4.054 trillion dollars includes 2.712 tri
Published 22 Apr, 2009 12:00am
TCP may release cotton stock into market after May 15

TCP may release cotton stock into market after May 15

The Trading Corporation of Pakistan (TCP) may bring 0.186 million bales of cotton into the domestic market after May 15. Sources told Business Recorder here on Tuesday that TCP had procured 0.186 million bales from the growers. When TCP intervened
Published 22 Apr, 2009 12:00am
Remarks about Pushtoons create uproar in Senate

Remarks about Pushtoons create uproar in Senate

Remarks about Pushtoons of NWFP by a Senator of Pakistan Muslim League (PML-Q) stirred protest by Awami National Party (ANP) members. PML-Q Senator Javed Ali Shah remarks about Pushtoons of NWFP in the house, which was deemed derogatory by ANP members, cr
Published 22 Apr, 2009 12:00am
Body for Balochistan submits report: Prime Minister

Body for Balochistan submits report: Prime Minister

The joint security committee set up for Balochistan has submitted its recommendations and a policy is being prepared in its light. This was stated by Prime Minister, Syed Yousuf Raza Gilani, here on Tuesday.
Published 22 Apr, 2009 12:00am
Prime Minister approves clearance of all dues of print media

Prime Minister approves clearance of all dues of print media

Prime Minister Syed Yousuf Raza Gilani on Tuesday, cognising the financial difficulties being faced by the print media due to non-payment of outstanding public sector advertisements, approved clearance of all the outstanding dues of print media against th
Published 22 Apr, 2009 12:00am
Lawyer of Kasab asks for trial adjournment

Lawyer of Kasab asks for trial adjournment

Ajmal Kasab's lawyer on Tuesday asked for the case to be adjourned for one month to allow him to construct a proper defence. Abbas Kazmi was only appointed to represent Mohammed Ajmal Kasab last Thursday and has yet to wade through the 11,000-page charges
Published 22 Apr, 2009 12:00am
Lawyer of Kasab asks for trial adjournment

Lawyer of Kasab asks for trial adjournment

Ajmal Kasab's lawyer on Tuesday asked for the case to be adjourned for one month to allow him to construct a proper defence. Abbas Kazmi was only appointed to represent Mohammed Ajmal Kasab last Thursday and has yet to wade through the 11,000-page charges
Published 22 Apr, 2009 12:00am
Iqbal Bano passes away

Iqbal Bano passes away

Subcontinent's great and Pride of Performance ghazal, thumri and classical singer Iqbal Bano died in Lahore at a local hospital after brief illness. She was 74, a private TV channel reported. Bano was born in Delhi in 1935. She won the Tamgha-e-Imtiaz (Pr
Published 22 Apr, 2009 12:00am
Iqbal Bano passes away

Iqbal Bano passes away

Subcontinent's great and Pride of Performance ghazal, thumri and classical singer Iqbal Bano died in Lahore at a local hospital after brief illness. She was 74, a private TV channel reported. Bano was born in Delhi in 1935. She won the Tamgha-e-Imtiaz (Pr
Published 22 Apr, 2009 12:00am
Taliban want control outside Swat also: Nawaz

Taliban want control outside Swat also: Nawaz

Former prime minister Mian Nawaz Sharif has expressed concern about a peace deal with Tehrik-e-Nifaz-e-Shariat-e- Muhammadi saying militants are trying to impose their harsh version of Sharia. A private TV Channel quoting Sharif's interview with USA Today
Published 22 Apr, 2009 12:00am
Jurisdiction of Supreme Court intact in Swat: AG NWFP

Jurisdiction of Supreme Court intact in Swat: AG NWFP

Advocate General NWFP Ziaur Rehman said Peshawar High Court and Supreme Court still had jurisdiction in Swat and only the nomenclature of the courts had been changed. These courts would still be there and the appointment of judges too be made by the Pesha
Published 22 Apr, 2009 12:00am
'Britain gives consular access to detained students'

'Britain gives consular access to detained students'

Foreign Minister Makhdoom Shah Mehmood Qureshi said on Tuesday that Britain has given Pakistan Consulate access to seven out of 10 detained students, while one has already been released.
Published 22 Apr, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The rulers, no doubt, have diagnosed the disease from which Balochistan is suffering. What they need now is just to propose a prescription. But the political government lacks the required capability or strength to do so while the energy-rich province need
Published 22 Apr, 2009 12:00am
Transfers and Postings

Transfers and Postings

The Chief Justice of the Lahore High Court has made transfers and postings among five Additional District and Sessions Judges (AD&SJ).
Published 22 Apr, 2009 12:00am
PML-N's remarks against Altaf spark protest in National Assembly

PML-N's remarks against Altaf spark protest in National Assembly

The remarks against Altaf Hussain by a Pakistan Muslim League-Nawaz (PML-N)'s member Tuesday sparked protests from Muttahida Qaumi Movement's (MQM) lawmakers in the National Assembly as the PML-N legislator joined hands with Pakistan Peoples Party (PPP)'s
Published 22 Apr, 2009 12:00am
Sub-committee set up to seek suggestions for NEDP-2009

Sub-committee set up to seek suggestions for NEDP-2009

National Assembly standing committee for education on Tuesday formed a sub-committee to bring suggestions and recommendations to incorporate them in the proposed National Educational Draft Policy (NEDP). The committee was constituted on the suggestion of
Published 22 Apr, 2009 12:00am
Farmers advised to destroy early sown rice nurseries

Farmers advised to destroy early sown rice nurseries

Some early sown rice nurseries have been found in districts Gujranwala, Hafizabad, Narowal, Sheikhupura, Okara, Pakpattan, Sahiwal, Bahawalnagar and Jhang, says a spokesman of the Directorate of Agricultural Information Punjab here on Tuesday.
Published 22 Apr, 2009 12:00am
Pakistan's soil should not be used to export militancy: PML-N

Pakistan's soil should not be used to export militancy: PML-N

Opposition leader in the National Assembly Chaudhry Nisar Ali Khan on Tuesday said that PML (N) firmly believes in peace and stability within Pakistan but also wants to ensure that the Pakistani soil is not used to export militancy, strife or violence in
Published 22 Apr, 2009 12:00am
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