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Print - 2009-04-24
SCCI for signing FTAs with Afghanistan and CARs

SCCI for signing FTAs with Afghanistan and CARs

The Sarhad Chamber of Commerce and Industry (SCCI) has called for signing free trade agreements with Afghanistan and Central Asian Republics (CARs) including Tajikistan, Uzbekistan, Kyrgyzstan and Kazakhstan on the pattern signed with Saarc countries. The
Published 24 Apr, 2009 12:00am
Opium worth billions of rupees seized in Pishin

Opium worth billions of rupees seized in Pishin

Anti Narcotics Force (ANF) foiled narcotics smuggling bid and seized opium worth billions of rupees in a raid in Pishin, said a statement here by the ANF regional office on Thursday. Acting on a tip-off, the ANF raiding party unearthed 1,270 kilograms of
Published 24 Apr, 2009 12:00am
Iranian ship for carrying out seafood stock assessment due today

Iranian ship for carrying out seafood stock assessment due today

An Iranian ship, MV Firdous I is arriving in Karachi on Friday to carry out 'stock assessment' of Pakistani coastal areas and exclusive economic zone (EEZ) so as to ascertain the presence of seafood and to find out new fishing grounds. The Director Genera
Published 24 Apr, 2009 12:00am
Water level at Mangla enough for meeting Rabi season need

Water level at Mangla enough for meeting Rabi season need

Water level at Mangla, the second largest water reservoir of the country, came at the level of 1140.40 feet which was more than 100 feet above than the dead level 1040 feet on Thursday morning which is considered enough water for meeting Rabi season need.
Published 24 Apr, 2009 12:00am
Inkasar Khan assumes charge

Inkasar Khan assumes charge

Muhammad Inkasar Khan, PSP/PPM on Thursday has assumed his duties as Senior Superintendent of Police, Discipline and Inspections at the CCPO's Office Lahore. In order to ensure his accessibility to the general public regarding any complaint, gross miscond
Published 24 Apr, 2009 12:00am
LESE experts visit arms manufacturing cluster in Peshawar

LESE experts visit arms manufacturing cluster in Peshawar

Technical experts from Light Engineering Services Centre (LESE) on Thursday visited small arms manufacturing cluster on Kohat Road here and inspected the standard of production units and improving quality of the products.
Published 24 Apr, 2009 12:00am
Seventh e-banking conference, exhibition held

Seventh e-banking conference, exhibition held

New Technology and change is beneficial both for Banks and Customers as they are time savings, said Talib Baloch Managing Director Pakistan Software Export Board here on Tuesday.
Published 24 Apr, 2009 12:00am
Suffering at the hands of MLOs

Suffering at the hands of MLOs

The medico-legal officers of medico-legal section at Jinnah Postgraduate Medical Centre (JPMC) where 70 percent of Karachi's medico-legal cases are reported have been accused of collecting bribe from visitors. The Medico-Legal Officers known as MLOs have
Published 24 Apr, 2009 12:00am
PPP NWFP ministers hold open kutchery

PPP NWFP ministers hold open kutchery

NWFP Minister for Finance Engineer Muhammad Humayun Khan and the Provincial Minister for Population Welfare Saleem Khan held a joint open kutchery at the People's Secretariat, Hayatabad, Peshawar on Thursday and listened to the problems of the people who
Published 24 Apr, 2009 12:00am
NIB earns Rs 787.639 million profit after tax

NIB earns Rs 787.639 million profit after tax

NIB Bank Limited has posted strong results with a consolidated profit after tax of Rs 787.639 million in the quarter ended March 31, 2009 as compared to Rs 48.762 million earned in the corresponding period in 2008. The board of directors of the bank in it
Published 24 Apr, 2009 12:00am
NIB earns Rs 787.639 million profit after tax

NIB earns Rs 787.639 million profit after tax

NIB Bank Limited has posted strong results with a consolidated profit after tax of Rs 787.639 million in the quarter ended March 31, 2009 as compared to Rs 48.762 million earned in the corresponding period in 2008. The board of directors of the bank in it
Published 24 Apr, 2009 12:00am
FFC's net profit increases to Rs 2.686 billion

FFC's net profit increases to Rs 2.686 billion

The profit after tax of Fauji Fertiliser Company Limited (FFC) has increased to Rs 2.686 billion in the quarter ended March 31, 2009 as compared to Rs 1.741 billion earned in the corresponding period of 2008. The earning per share of the company has surge
Published 24 Apr, 2009 12:00am
FFC's net profit increases to Rs 2.686 billion

FFC's net profit increases to Rs 2.686 billion

The profit after tax of Fauji Fertiliser Company Limited (FFC) has increased to Rs 2.686 billion in the quarter ended March 31, 2009 as compared to Rs 1.741 billion earned in the corresponding period of 2008. The earning per share of the company has surge
Published 24 Apr, 2009 12:00am
PIAF urges government to cut gas tariff

PIAF urges government to cut gas tariff

The Pakistan Industrial and Traders Associations Front (PIAF) has demanded of the government to cut gas tariff immediately, instead of putting off its decision in this regard till July, as existing high rates of gas has already multiplied the miseries of
Published 24 Apr, 2009 12:00am
Export of livestock suspended to control meat prices

Export of livestock suspended to control meat prices

The federal government has suspended export of livestock and allowed import of Halal meat to control prices in the country. According to sources, the government has chalked out a comprehensive strategy to control prices of meat by increasing its supply.
Published 24 Apr, 2009 12:00am
Senate body urges members to take country out of economic crunch

Senate body urges members to take country out of economic crunch

The Senate Standing Committee on Finance on Thursday met and urged the elected representatives to not only reduce their expenditure but also make efforts to take the country out of the severe economic crunch. The Secretary Senate informed the meeting that
Published 24 Apr, 2009 12:00am
ADB to shift office to Serena Hotel complex

ADB to shift office to Serena Hotel complex

The Asian Development Bank (ADB) has decided to shift its offices from OPF Complex to Serena Hotel Office Complex to assure complete security of the staff. The decision was made in the wake of increasing terror strikes in Pakistan along with threats and s
Published 24 Apr, 2009 12:00am
Wapda workers hold demonstration

Wapda workers hold demonstration

The Wapda workers held a demonstration in support of their demands urging the Wapda authority to upgrade pay scales of technical staff here on Thursday. The workers, who assembled outside Bakhtiar Hall, marched towards various roads of Lahore demanding Wa
Published 24 Apr, 2009 12:00am
Pakistan facing threat from external forces: Nawaz

Pakistan facing threat from external forces: Nawaz

Pakistan Muslim League-Nawaz Quaid Muhammad Nawaz Sharif on Thursday said Pakistan was facing threat from external forces, while the US drone attacks were fanning hatred in the country. He said this while talking to a British delegation led by British For
Published 24 Apr, 2009 12:00am
Punjab government to set up DTLs

Punjab government to set up DTLs

With a view to checking the quality of medicines and ensuring prompt disposal of cases against drug mafia, the Punjab government is going to establish Drug Testing Laboratories (DTLs) in Rawalpindi and Faisalabad. Director General Health Punjab, Dr Muhamm
Published 24 Apr, 2009 12:00am
Spanish speech contest held at NUML

Spanish speech contest held at NUML

Spanish speech contest was organised by the Spanish Department in National University of Modern Languages (Numl) here on Thursday. A large number of diplomats from embassies of Spanish speaking countries were present on the occasion.
Published 24 Apr, 2009 12:00am
Fraud in BISP, FSP schemes unearthed

Fraud in BISP, FSP schemes unearthed

A special squad of Pakistan Post unearthed fraud in Benazir Income Support Programme (BISP) and Food Support Programme (FSP) cases in Sammasatta and recommended suspension of the postman and transfer of the Sammasatta postmaster. Moreover, two senior Muza
Published 24 Apr, 2009 12:00am
10 killed, 30 injured in accident

10 killed, 30 injured in accident

At least 10 people were killed and some 30 others injured when a passenger AC coach (LYC 8255) skidded off the road and plunged into a deep ravine near Danda Shah Bilawal area on Mianwali road, some 65 km away from here in the Union Council Lawa early Thu
Published 24 Apr, 2009 12:00am
9,000 acres of land to be brought under sunflower cultivation

9,000 acres of land to be brought under sunflower cultivation

As many as 9,000 acres of land will be brought under sunflower cultivation in Sialkot, Daska, Pasrur and Sambrial tehsils of Sialkot district. According to Agriculture Department sources, the sowing of sunflower has started in various parts of the distric
Published 24 Apr, 2009 12:00am
Re-positioning for power projects!

Re-positioning for power projects!

The current financial crunch and near meltdown, specially of the financial sector in the developed world, makes all serious viewers to ponder. That controlled economics like that of the ever-growing China have floundered is another reason to stop and thin
Published 24 Apr, 2009 12:00am
World oil rises: US crude stocks highest in 19 years

World oil rises: US crude stocks highest in 19 years

Oil rose on Thursday as a fall in the dollar and stock market gains outweighed rising US inventories. US crude settled 77 cents higher at $49.62 a barrel, after earlier trading down to $48.37. London Brent crude traded up 30 cents to settle at $50.11 a ba
Published 24 Apr, 2009 12:00am
Cocoa bounces in London

Cocoa bounces in London

Cocoa futures recovered in a technically driven bounce on Thursday, while arabica coffee edged up as the market looked to build on Wednesday's sharp gains and sugar rose on trade and investor buying. In cocoa, investors defended net long positions to squa
Published 24 Apr, 2009 12:00am
US MIDDAY: cocoa and coffee climb

US MIDDAY: cocoa and coffee climb

US cocoa and arabica coffee futures rose in early trade Thursday on the backs of a firmer commodity complex and weaker dollar, traders said. Arabica coffee for July delivery rose 0.65 cent to $1.1840 per lb by 9:00 am EDT (1300 GMT). Session range $1.1730
Published 24 Apr, 2009 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold rallied to a three-week high above $900 an ounce on Thursday as Wall Street equities extended losses after data showed US existing home sales fell to a much lower-than-expected annual rate in March. Falling stocks and ongoing jitters over the health
Published 24 Apr, 2009 12:00am
US MIDDAY: wheat rallies

US MIDDAY: wheat rallies

Wheat futures on all three US exchanges soared early Thursday led by the Minneapolis spring wheat market amid planting delays due to soggy fields in the northern Plains, traders said. Minneapolis May wheat was up 13-1/2 cents at $6.67 a bushel early, with
Published 24 Apr, 2009 12:00am
US MIDDAY: sugar higher

US MIDDAY: sugar higher

Raw sugar futures on ICE Futures US at 1139 GMT. July raw sugar contract gained 0.12 cent to 13.67 cents per lb. Dealing from 13.53 to 13.71 cents. Volume in July contract at 6,268 lots.
Published 24 Apr, 2009 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

Copper prices fell more than 5 percent early on Thursday on demand concerns as losses in equity markets reflected ongoing economic turmoil. Copper for three months delivery on the London Metal Exchange hit a day's low of $4,290 a tonne at 1606 GMT, and cl
Published 24 Apr, 2009 12:00am
US MIDDAY: soya surges

US MIDDAY: soya surges

Chicago Board of Trade soyabean futures rallied early Thursday on strong weekly export data from the US Agriculture Department, traders said. Buying escalated when old-crop May soyabeans surpassed its 200-day moving average of $10.59-3/4 a bushel. May soy
Published 24 Apr, 2009 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

New York gold futures jumped above $900 an ounce on Thursday, trading at a three-week high on a combination of stronger trade buying, a lower dollar and weaker tone in US stock markets. Gold for June delivery rose $15.60, or 1.7 percent, at $908.10 an oun
Published 24 Apr, 2009 12:00am
Cricket in Asia

Cricket in Asia

The Indian Premier League, is really a big question for the people of Asia and the governments. The Indian Premier Leage which is totally an Indian based series is not taking place in India... this is something noticeable and of course, shocking. People a
Published 24 Apr, 2009 12:00am
Nizam-i-Adl

Nizam-i-Adl

Nizam-i-Adl has been enforced in Swat and will be implemented in other areas of Fata region. Qazi courts have started functioning. During a recent address of Sufi Mohammad at Mingora, he stated that existing High Courts and the Supreme Court of Pakistan a
Published 24 Apr, 2009 12:00am
Daylight saving - a torture?

Daylight saving - a torture?

Time change from 15th April is a sick joke with the people of Pakistan. If anything, it proves beyond doubt, elections or no elections, democracy or no democracy, bureaucracy is reigning supreme as bureaucracy including millions of employees of government
Published 24 Apr, 2009 12:00am
Copper tumbles

Copper tumbles

Copper tumbled more than 5 percent to its lowest in two weeks on Thursday, tracking equity markets that turned lower after weak US data and on concerns the price does not reflect poor demand prospects. US stocks fell and European shares turned negative af
Published 24 Apr, 2009 12:00am
Nature, structure of economic growth

Nature, structure of economic growth

Economic growth, commonly measured by an increase in the real income per capita of a country, is a complex phenomenon. Its complexity stems from its multiple dimensions related to multifarious determinants, diverse sources and numerous uses. Different cou
Published 24 Apr, 2009 12:00am
Earth Day in focus

Earth Day in focus

Marking the anniversary of the launch of environmental movement in 1970 in the United States, Earth Day has come to be vigorously celebrated on April 22 across the world, including Pakistan. The idea sparked by US Senator Gaylord Nelson, who proposed the
Published 24 Apr, 2009 12:00am
The vital role of CSR

The vital role of CSR

Quoting the Corporate Social Responsibility (CSR) Report of the Overseas Investors Chamber of Commerce and Industry (OICCI), a Recorder news report states that in addition to providing foreign direct investment (FDI), employment opportunities and contribu
Published 24 Apr, 2009 12:00am
World Book, Copyright Day observed

World Book, Copyright Day observed

Rich tributes paid to the men of letters and creative publications of authors across the world on the World Book and Copyright Day on Thursday. Different literary organisations across the world marked the day with literary activities to promote book readi
Published 24 Apr, 2009 12:00am
Judge raids police station to recover detainees

Judge raids police station to recover detainees

Civil Judge Dev Sagar, on the directives of District and Sessions Judge Umerkot, raided Umerkot police station to recover detainees alleged to be in illegal captivity of police. He, however, failed to recover Sajid Ranghar and Samad Mahar, father of a det
Published 24 Apr, 2009 12:00am
Revisiting Nizam-i-Adl regulation: immediately, the sooner the better

Revisiting Nizam-i-Adl regulation: immediately, the sooner the better

In 2001, on return from Afghanistan Maulana Sufi Muhammad offered himself to be taken into protective government custody fearing he would be lynched by the parents of young men he led to a quixotic expedition to fight on the side of the Taliban regime aga
Published 24 Apr, 2009 12:00am
Government to set up HRD board at a cost of $600 million: Assef

Government to set up HRD board at a cost of $600 million: Assef

Government is well poised to establish Human Resource Development Board at a cost of dollars 600 million with an objective to enhance skilled youth for the socio-economic prosperity of the country. "We want to establish a Board comprising members from bot
Published 24 Apr, 2009 12:00am
Pakistani students not to be deported: Lord Nazir

Pakistani students not to be deported: Lord Nazir

Lord Nazir Ahmed, the Kashmir-born life-time member of the House of Lords has asked the British government not to deport Pakistani students. These UK-based Pakistan students were released by the British Greater Manchester Police owing to lack of any evide
Published 24 Apr, 2009 12:00am
Swat peace deal: strict action to be taken against saboteurs: ANP

Swat peace deal: strict action to be taken against saboteurs: ANP

Awami National Party's (ANP) Central Secretary, Senator Zahid Khan on Thursday said that strict action would be taken against saboteurs of Swat peace deal. "Tehreek-e-Nafaz-e-Shariat-e-Mohammadi (TNSM) has been asked to vacate Bunner and surrender their a
Published 24 Apr, 2009 12:00am
IHC reserves verdict on joint venture of CDA, World Call

IHC reserves verdict on joint venture of CDA, World Call

The Islamabad High Court here on Thursday reserved its judgement on a plea moved against award of laying copper cables in the Capital. The single bench of Justice Mohammad Munir Peracha reserved its judgement on a writ filed by Webcom. The counsel for Web
Published 24 Apr, 2009 12:00am
Sindh University to conduct test for schoolteachers today

Sindh University to conduct test for schoolteachers today

The University of Sindh (SU) will conduct test of candidates for schoolteachers, beginning from Friday, at all district headquarters of the province. According to a University spokesman, a total of 22 teams, under supervision of team leaders comprising th
Published 24 Apr, 2009 12:00am
'Who will bother about pollution on city roads?'

'Who will bother about pollution on city roads?'

The single bench of Islamabad High Court comprising Justice Mohammad Ramzan Chaudhry here on Thursday during hearing of writ against ban on motor-boating business at Rawal Lake View Park remarked that the authorities seemed too much concerned about pollut
Published 24 Apr, 2009 12:00am
Reliance Industries fourth quarter net profit dips

Reliance Industries fourth quarter net profit dips

India's largest private sector firm Reliance Industries said Thursday fourth quarter net profit fell 9.3 percent, hit by low crude oil prices and weaker demand due to the global slowdown. The conglomerate said net profit was at 35.46 billion rupees (709 m
Published 24 Apr, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 23, 2009).
Published 24 Apr, 2009 12:00am
Government deploys troops in areas overrun by Taliban

Government deploys troops in areas overrun by Taliban

Pakistan on Thursday deployed paramilitary troops to north-western districts infiltrated by Taliban militants, as global concern mounted over Islamabad's ability to rein in the Islamists. The extremists patrolled the streets of Buner district, about 100 k
Published 24 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 Thursday (April 23, 2009).

Published 24 Apr, 2009 12:00am
Government has other options if Swat accord violated: Prime Minister

Government has other options if Swat accord violated: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Thursday said that government would opt for other options if the Swat peace accord was violated, adding no parallel government or courts system would be allowed. Talking to reporters here on Thursday after visitin
Published 24 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 Thursday (April 23, 2009).

Published 24 Apr, 2009 12:00am
Government has other options if Swat accord violated: Prime Minister

Government has other options if Swat accord violated: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Thursday said that government would opt for other options if the Swat peace accord was violated, adding no parallel government or courts system would be allowed. Talking to reporters here on Thursday after visitin
Published 24 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 Thursday (April 23, 2009).

Published 24 Apr, 2009 12:00am
Palpa calls off strike; deal reached with PIA

Palpa calls off strike; deal reached with PIA

Dialogue between the top management of Pakistan International Airlines Corporation (PIAC) and Pakistan Air Lines Pilots Association (Palpa) officials have succeeded and pilots have called off their strike and returned to their normal duties.
Published 24 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 Thursday (April 23, 2009).

Published 24 Apr, 2009 12:00am
Palpa calls off strike; deal reached with PIA

Palpa calls off strike; deal reached with PIA

Dialogue between the top management of Pakistan International Airlines Corporation (PIAC) and Pakistan Air Lines Pilots Association (Palpa) officials have succeeded and pilots have called off their strike and returned to their normal duties.
Published 24 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 24 Apr, 2009 12:00am
President, Asfandyar discuss Swat situation

President, Asfandyar discuss Swat situation

President Asif Ali Zardari and ANP leader Asfandyar Wali Khan discussed the Swat situation as the two coalition partners have launched efforts how to deal with US pressure to go after insurgents. The ANP president met Zardari at President House on Thursda
Published 24 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 24 Apr, 2009 12:00am
Palpa calls off strike; deal reached with PIA

Palpa calls off strike; deal reached with PIA

Dialogue between the top management of Pakistan International Airlines Corporation (PIAC) and Pakistan Air Lines Pilots Association (Palpa) officials have succeeded and pilots have called off their strike and returned to their normal duties.
Published 24 Apr, 2009 12:00am
11 militants killed in Orakzai

11 militants killed in Orakzai

The troops Thursday killed 11 militants in a north-western tribal area and destroyed nearly a dozen of their hideouts, the military said. "In a successful operation reportedly 11 militants were killed by the Army in Orakzai", it said in a statement.
Published 24 Apr, 2009 12:00am
New York cotton

New York cotton

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

Published 24 Apr, 2009 12:00am
Militants torch Nato fuel tankers

Militants torch Nato fuel tankers

Dozens of Taliban militants on Thursday attacked a depot for Nato fuel tankers in north-western Pakistan and fled after destroying six of the vehicles, police said. The militants overpowered security guards at the station in Peshawar and fired petrol bomb
Published 24 Apr, 2009 12:00am
New York cotton

New York cotton

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

Published 24 Apr, 2009 12:00am
Rebel threat shadows Indian election round

Rebel threat shadows Indian election round

Tens of millions of Indians voted Thursday in the second and largest stage of month-long elections, which was spared the sort of Maoist violence that marred the first phase of polling. One week after the first round, polling stations opened in 12 Indian s
Published 24 Apr, 2009 12:00am
OGDC's net profit swells to Rs 12.603 billion

OGDC's net profit swells to Rs 12.603 billion

The net profit of Oil and Gas Development Company (OGDC) has increased to Rs 12.603 billion in the quarter ended March 31, 2009 as compared to Rs 12.212 billion earned in the corresponding period in 2008. The earning per share of the company has increased
Published 24 Apr, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 113,109 tonnes of cargo including 73,927 tonnes of import and 39,182 tonnes of export, 6,296 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The freights comprised of 110,709 tonnes of dry
Published 24 Apr, 2009 12:00am
OGDC's net profit swells to Rs 12.603 billion

OGDC's net profit swells to Rs 12.603 billion

The net profit of Oil and Gas Development Company (OGDC) has increased to Rs 12.603 billion in the quarter ended March 31, 2009 as compared to Rs 12.212 billion earned in the corresponding period in 2008. The earning per share of the company has increased
Published 24 Apr, 2009 12:00am
Jute goods close mixed

Jute goods close mixed

The trading in jute goods items closed mixed on Jodia Bazaar here on Thursday. The following changes were noted.
Published 24 Apr, 2009 12:00am
OGDC''s net profit swells to Rs 12.603 billion

OGDC''s net profit swells to Rs 12.603 billion

The net profit of Oil and Gas Development Company (OGDC) has increased to Rs 12.603 billion in the quarter ended March 31, 2009 as compared to Rs 12.212 billion earned in the corresponding period in 2008. The earning per share of the company has increased
Published 24 Apr, 2009 12:00am
Canadian canola futures end slightly higher

Canadian canola futures end slightly higher

ICE Canadian canola finished slightly higher Wednesday as trading from fresh export business offset hedge selling, traders said. July canola, the benchmark contract with delivery for May futures nearing, ended 30 cents higher at $442.70 on volume of 5,236
Published 24 Apr, 2009 12:00am
OGDC''''s net profit swells to Rs 12.603 billion

OGDC''''s net profit swells to Rs 12.603 billion

The net profit of Oil and Gas Development Company (OGDC) has increased to Rs 12.603 billion in the quarter ended March 31, 2009 as compared to Rs 12.212 billion earned in the corresponding period in 2008. The earning per share of the company has increased
Published 24 Apr, 2009 12:00am
FOB Gulf soya steady

FOB Gulf soya steady

US soyabean export premiums at the Gulf of Mexico held steady on Wednesday, supported by steady demand from China and a shrinking South American crop, traders said. Corn and wheat basis offers were flat. Stronger than expected demand from China for US soy
Published 24 Apr, 2009 12:00am
Haqqani rules out Taliban takeover of Islamabad

Haqqani rules out Taliban takeover of Islamabad

Pakistan on Wednesday ruled out the possibility of a Taliban take-over in Islamabad as its ambassador Husain Haqqani in Washington rejected the contention that the Swat peace arrangement amounted to the government's abdication of its responsibility toward
Published 24 Apr, 2009 12:00am
Urad burma sharply lower on grain market

Urad burma sharply lower on grain market

A few changes were seen on the whole sale grain market on Thursday as most of the commodity items maintained their overnight levels in process of trading, dealers said. On the cereal side urad burma low type was lower by Rs 150 to Rs 1,950 and better qual
Published 24 Apr, 2009 12:00am
Spot rate lowered by Rs 25 to Rs 3,525 on cotton market

Spot rate lowered by Rs 25 to Rs 3,525 on cotton market

Official spot rate drifted lower on the cotton market on Thursday amid rise in demand by the mills, dealers said. The official spot rate came down by Rs 25 to Rs 3,525. The Phutti prices in Sindh and Punjab were at Rs 1,700-1,800. In the ready business, 1
Published 24 Apr, 2009 12:00am
Prices remain steady on cotton market

Prices remain steady on cotton market

Prices continued to remain steady to stable on the cotton market due to depleting domestic stocks, new crop (2009-2010) to take several more months to arrive in appreciable quantities, higher new York futures prices over the past one week and sizeable inc
Published 24 Apr, 2009 12:00am