News Archives for Print - 2009-05-02

The Weather

The weather report on Friday (May 01, 2009) and the forecast for Saturday (May 02, 2009).

Published 02 May, 2009 12:00am

Arabica coffee futures closed easier on Thursday as market participants squared their books at the end of the month and the slightly firmer dollar added pressure, traders said. The July contract dropped 0.60 cent to close at $1.1590 per lb. Session range

Published 02 May, 2009 12:00am

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 day's closes in brackets).

Published 02 May, 2009 12:00am

US Midwest corn and soyabean bids mostly steady

Spot basis bids for corn and soyabeans held steady at most processors and elevators around the US Midwest on Thursday, grain dealers said. Some farmers booked corn sales when a futures market rally pushed cash prices to more than $4 per bushel, a dealer i

Published 02 May, 2009 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 01, 2009).

Published 02 May, 2009 12:00am

Brazil to sell wheat stocks to boost supply

Brazil's government will sell its entire stockpile of wheat of about 400,000 tonnes, to boost supplies on the domestic market, a source at the government's crop supply agency, Conab, said on Thursday. The wheat, harvested in 2008, will be delivered to the

Published 02 May, 2009 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 01, 2009).

Published 02 May, 2009 12:00am

Indian Punjab buys over 10 million tonnes of wheat

India's northern state of Punjab, the second biggest grower of wheat, has bought more than 10 million tonnes of the grain from local farmers so far this year, a government statement said on Thursday. Analysts say high stocks at state-run warehouses will e

Published 02 May, 2009 12:00am

Industry: NAKSHBANDI INDUSTRIES - Analysis of Financial Statements Financial Year 2003-H1'09

Nakshbandi Industries was incorporated in Pakistan as a public limited company. Its shares are quoted on KSE. The company is principally engaged in production and export of towels. The towel division is one of the country's most technically advanced set u

Published 02 May, 2009 12:00am

Indian sugar output set for record

Indian 2008-2009, sugar output is expected to show a record year-on-year fall, exceeding expectations, consultancy Czarnikow said on Thursday. It said India, the world's biggest sugar consumer and second largest producer, would produce 14.7 million tonnes

Published 02 May, 2009 12:00am

Government-TNSM talks end on positive note

The talks between the provincial authorities and Tehrik-e-Nifaz-e-Shariat-e-Muhammadi (TNSM) Chief Maulana Sufi Muhammad held on Friday at Timergara in Dir Lower ended on positive note as both sides expressed unanimity of views on various issues including

Published 02 May, 2009 12:00am

Britain raises exportable wheat surplus forecast

Britain's farm ministry on Friday cut its estimate for UK domestic wheat consumption in 2008/09 and raised its import forecast, leaving a larger exportable surplus and raising the possibility of higher ending stocks. The ministry reduced its domestic cons

Published 02 May, 2009 12:00am

Government-TNSM talks end on positive note

The talks between the provincial authorities and Tehrik-e-Nifaz-e-Shariat-e-Muhammadi (TNSM) Chief Maulana Sufi Muhammad held on Friday at Timergara in Dir Lower ended on positive note as both sides expressed unanimity of views on various issues including

Published 02 May, 2009 12:00am

FOB Gulf soya firms on CIF barge market, corn steady

US soyabean export premiums at the Gulf of Mexico were firm on Thursday following higher values in the barge market, while corn and wheat premiums were steady, traders said. Lull in soyabean demand from China this week after recent strong US sales to the

Published 02 May, 2009 12:00am

Extremists will not be allowed to set their roots in Karachi: Prime Minister asks Sindh government to check supply of illegal arms

Prime Minister Syed Yousuf Raza Gilani on Friday said that reconciliation process would have to be taken to grassroots levels to ensure stability and peace in Karachi, and vowed that extremists would not be allowed to set their roots in the city.

Published 02 May, 2009 12:00am

US wheat futures end higher

US wheat futures closed higher Thursday, supported by wet weather that is slowing US spring wheat seedings and a spike in soyabean futures. Chicago Board of Trade SRW May wheat up 3-1/2 cents per bushel at $5.24-1/4. KCBT HRW May wheat up 4 at $5.76-1/4.

Published 02 May, 2009 12:00am

MQM demands removal of IG, CCPO

Muttahida Qaumi Movement (MQM) has demanded of the government to dismiss Inspector General of Police (IGP) Sindh Sultan Salahuddin Babar Khattak and Capital City Police Officer (CCPO) Karachi Waseem Ahmed for "patronising land and drug mafia in Karachi."

Published 02 May, 2009 12:00am

US corn futures end up

US corn futures closed higher on Thursday amid wet weather in the US Midwest that is slowing corn plantings and on a strong rally in soyabeans. CBOT May was up 3-1/4 cents a $3.96-1/4 per bushel. Funds bought 8,000 lots. Month-end positioning noted. Incre

Published 02 May, 2009 12:00am

Extremists will not be allowed to set their roots in Karachi: Prime Minister asks Sindh government to check supply of illegal arms

Prime Minister Syed Yousuf Raza Gilani on Friday said that reconciliation process would have to be taken to grassroots levels to ensure stability and peace in Karachi, and vowed that extremists would not be allowed to set their roots in the city.

Published 02 May, 2009 12:00am

EU grants 454,000 tonnes wheat export licences

The European Union this week granted export licences for 454,000 tonnes of wheat, taking the total since the beginning of the July/June 2008/2009 season to 18.4 million tonnes, official data showed on Thursday. Last season, when the 27-member bloc harvest

Published 02 May, 2009 12:00am

US auto sales plunge near 30-year lows

US auto sales in April were on the road to plunging to their lowest levels in nearly 30 years, according to sales reports released on Friday, the day after Chrysler LLC filed for bankruptcy. Japan's Toyota Motor Corp posted the largest sales drop at 42 pe

Published 02 May, 2009 12:00am

Canadian farmers to reap less wheat and canola

Canadian farmers will harvest 20 percent less canola and 10 percent less wheat, not including durum, in the 2009-10 crop year, Canada's Agriculture Department said in its revised outlook Thursday. Agriculture Canada adjusted production numbers to the Apri

Published 02 May, 2009 12:00am

MQM demands removal of IG, CCPO

Muttahida Qaumi Movement (MQM) has demanded of the government to dismiss Inspector General of Police (IGP) Sindh Sultan Salahuddin Babar Khattak and Capital City Police Officer (CCPO) Karachi Waseem Ahmed for "patronising land and drug mafia in Karachi."

Published 02 May, 2009 12:00am

KCBT wheat futures end higher

Hard red winter wheat futures on the Kansas City Board of Trade ended higher on Thursday, supported by outside markets and continued delays in spring wheat seedings. The KCBT May ended up 4 cents at $5.76-1/4, and the July closed up 3-3/4 cents at $5.84-3

Published 02 May, 2009 12:00am

Cartelisation: CCP bench for hearing complaint against JJVL and LPGA

The Competition Commission of Pakistan (CCP) has constituted a full bench for hearing a complaint of cartelisation against Jamshoro Joint Venture Limited (JJVL) and LPG Association. Sources said however, the date of hearing has been extended to June 9, gi

Published 02 May, 2009 12:00am

Polish grain output to reach 26.5 million tonnes

Poland grain production in 2009 is expected to total about 26.5 million tonnes, almost 5 percent down from a year ago, an analyst from a government institute said on Thursday. "The area sown is slightly smaller... and the average yield will be lower due t

Published 02 May, 2009 12:00am

60 militants killed in Buner operation

As many as 60 militants and extremists, including some foreigners, have been killed in the ongoing military operation in Buner on Friday, while two security men were martyred and eight injured, said Major General Ather Abbas, Director General, Inter-Servi

Published 02 May, 2009 12:00am

Message from President, Islamic Republic of Pakistan

Present government will not abandon, the peasants, the fisher folk and the wage earners in their struggle for emancipation and freeing themselves from the shackles of exploitation. Both Shaheed Zulfiqar Ali Bhutto and Shaheed Mohtarma Benazir Bhutto belie

Published 02 May, 2009 12:00am

60 militants killed in Buner operation

As many as 60 militants and extremists, including some foreigners, have been killed in the ongoing military operation in Buner on Friday, while two security men were martyred and eight injured, said Major General Ather Abbas, Director General, Inter-Servi

Published 02 May, 2009 12:00am

Z.A Bhutto's message on Labour Day 1972

Your government which has come to power through your own votes gives the highest importance to the well-being of the working class. The workers and peasants are the backbone of the nation.

Published 02 May, 2009 12:00am

Tens of thousands of Palestinians risk losing homes: UN

At least 60,000 of the 225,000 Palestinians in annexed east Jerusalem risk having their homes demolished by the Israeli authorities because they were built without permits, a UN agency said on Friday. To date, approximately 1,500 demolition orders have be

Published 02 May, 2009 12:00am

Iraq buys 100,000 tonnes of Australian wheat

Iraq may have bought at least 100,000 tonnes of Australian wheat and was close to buying another 150,000 tonnes of Canadian and German hard wheat, Middle East trade sources said on Thursday. The Australian wheat consignment of 100,000 tonnes was believed

Published 02 May, 2009 12:00am

Berlusconi claims to be world's most popular leader

Italian Prime Minister Silvio Berlusconi, who has compared himself to Jesus Christ and Napoleon, boasted on Friday that he was the world's most popular leader. The conservative premier, in his third term in office, said opinion poll findings in his posses

Published 02 May, 2009 12:00am

Message from Minister for Labour & Manpower

Let me felicitate you on this historic day which reminds us the valiant and heroic struggle of the Chicago workers who had laid their lives for the collective rights and we also honour the labour struggles of the past as well as those who in recent times

Published 02 May, 2009 12:00am

Pentagon advances all-terrain vehicle competition

Each of the competitors to build a potential $1 billion-plus fleet of armoured off-road vehicles for Afghanistan and elsewhere has advanced to the next stage, and a winner is due to be picked in two months, the US Defence Department said on Friday.

Published 02 May, 2009 12:00am

Message from Prime Minister, Islamic Republic of Pakistan

We are celebrating May Day in a new economically challenging global environment this year with the ambition to reaffirm our commitment to uphold and enhance the dignity of labour. Celebration of this Day is a tribute to the working class all over the worl

Published 02 May, 2009 12:00am

US auto sales plunge near 30-year lows

US auto sales in April were on the road to plunging to their lowest levels in nearly 30 years, according to sales reports released on Friday, the day after Chrysler LLC filed for bankruptcy. Japan''s Toyota Motor Corp posted the largest sales drop at 42 p

Published 02 May, 2009 12:00am

Successes and Achievements

The Labour and Manpower Division of the Ministry of Labour and Manpower is engaged in wide ranging activities that affect welfare of Pakistani people working both in the local and international market.

Published 02 May, 2009 12:00am

US auto sales plunge near 30-year lows

US auto sales in April were on the road to plunging to their lowest levels in nearly 30 years, according to sales reports released on Friday, the day after Chrysler LLC filed for bankruptcy. Japan's Toyota Motor Corp posted the largest sales drop at 42 pe

Published 02 May, 2009 12:00am

Great Jihad for human codes of tolerance needed!

Tolerance and respect are the lifeblood of peaceful coexistence and crucial elements of the soft powers of peacemaking. As American philosopher Eric Hoffer once said, "A war is not won until you have turned the defeated enemy into your friend." And German

Published 02 May, 2009 12:00am

FBR to conduct ghee makers' audit for one-year period

The Federal Board of Revenue (FBR) has decided to conduct income tax audit of ghee and cooking oil manufacturers for one year period to verify payments of income tax and withholding tax under Income Tax Ordinance 2001. The FBR has recently issued instruct

Published 02 May, 2009 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 02 May, 2009 12:00am

FBR to conduct ghee makers' audit for one-year period

The Federal Board of Revenue (FBR) has decided to conduct income tax audit of ghee and cooking oil manufacturers for one year period to verify payments of income tax and withholding tax under Income Tax Ordinance 2001. The FBR has recently issued instruct

Published 02 May, 2009 12:00am

KARACHI CHRONICLE: The writing on the wall

On Wednesday, 22 April, the violence which erupted between Christians and Pakhtoons in Taiser Town was triggered by wall chalking by unknown persons, allegedly Taliban or their supporters. One person, Irfan Masih was killed and three others, Imran, Qudous

Published 02 May, 2009 12:00am

FBR to conduct ghee makers'' audit for one-year period

The Federal Board of Revenue (FBR) has decided to conduct income tax audit of ghee and cooking oil manufacturers for one year period to verify payments of income tax and withholding tax under Income Tax Ordinance 2001. The FBR has recently issued instruct

Published 02 May, 2009 12:00am

BOOK REVIEW: 'Zalzla, Ziarat Aur Zindagi'

The killer earthquake of 8 October 2005 which shook Azad Kashmir, Balakot, and Northern areas of the country spelt disaster on an unprecedented scale. The magnitude of the destruction of life and property evoked spontaneous response from all sections of t

Published 02 May, 2009 12:00am

Pakistan and Libya agree to boost multifaceted ties

President Asif Ali Zardari and Libyan Leader Moammar Al Qaddafi on Friday expressed their resolve to further strengthen their multifaceted ties and agreed on adopting practical measures for boosting economic co-operation between the two countries.

Published 02 May, 2009 12:00am

Nostalgic nightlife of Lahore

Amjad Naeem is a young practitioner from Lahore, who explores the night life of roadside cafes with thick impasto technique he has worked in urban life, exploring the relationship of city dwellers in natural outdoors surroundings.

Published 02 May, 2009 12:00am

Cartelisation: CCP bench for hearing complaint against JJVL and LPGA

The Competition Commission of Pakistan (CCP) has constituted a full bench for hearing a complaint of cartelisation against Jamshoro Joint Venture Limited (JJVL) and LPG Association. Sources said however, the date of hearing has been extended to June 9, gi

Published 02 May, 2009 12:00am

BRIDGE NOTES: The only chance

Good dummy play is an asset at bridge. For an average plus player, the options available are self-evident; failing which he gives up. But the expert has the vision and the foresight to look beyond and find the only chance to wriggle out of a tight spot an

Published 02 May, 2009 12:00am

Cartelisation: CCP bench for hearing complaint against JJVL and LPGA

The Competition Commission of Pakistan (CCP) has constituted a full bench for hearing a complaint of cartelisation against Jamshoro Joint Venture Limited (JJVL) and LPG Association. Sources said however, the date of hearing has been extended to June 9, gi

Published 02 May, 2009 12:00am

TV THOUGHTS: A warning to the media - whither freedom? Internally displaced persons, animal rights

And the media in the country have been asked to mend their ways by the Taliban or the militants, as some media refer to them. In this very description, there could be a difference of opinion, and even trouble, perhaps.

Published 02 May, 2009 12:00am

Pakistan and Libya agree to boost multifaceted ties

President Asif Ali Zardari and Libyan Leader Moammar Al Qaddafi on Friday expressed their resolve to further strengthen their multifaceted ties and agreed on adopting practical measures for boosting economic co-operation between the two countries.

Published 02 May, 2009 12:00am

CAPITAL CULTURE SCENE: A blend of intellectual insight & artistic ecstasy

The Asian Study Group really deserves appreciation for organizing a wonderful event of par excellence, matching the dedicated research accomplishment by Naeem Tahir, a prolific writer, director, producer and researcher in his own right. The day was April

Published 02 May, 2009 12:00am

Pakistan and Libya agree to boost multifaceted ties

President Asif Ali Zardari and Libyan Leader Moammar Al Qaddafi on Friday expressed their resolve to further strengthen their multifaceted ties and agreed on adopting practical measures for boosting economic co-operation between the two countries.

Published 02 May, 2009 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Friday (May 01, 2009).

Published 02 May, 2009 12:00am

IHC accepts suit against former ZTBL chief

The Islamabad High Court (IHC) accepted a defamation suit of Rs 20 million against R. A. Chughtai, former president Zarai Taraqiati Bank Limited (ZTBL) for illegally removing a joint director from the office. Muhammad Islam Khan was removed from his offic

Published 02 May, 2009 12:00am

Member to Member

The following transactions member to member subsequently reported on Friday (May 01, 2009).

Published 02 May, 2009 12:00am

Ex-refinery petrol pricing: World Bank formula may replace current method

The government may replace the current method for calculation of penalty for motor spirit in the ex-refinery pricing formula with the World Bank proposed formula which would result in Rs 1.24 per litre reduction in ex-refinery price. Sources told Busin

Published 02 May, 2009 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (May 01, 2009).

Published 02 May, 2009 12:00am

Ex-refinery petrol pricing: World Bank formula may replace current method

The government may replace the current method for calculation of penalty for motor spirit in the ex-refinery pricing formula with the World Bank proposed formula which would result in Rs 1.24 per litre reduction in ex-refinery price. Sources told Busin
Published 02 May, 2009 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 02 May, 2009 12:00am

ROZ products exports: US conditions do not bode well for textile industry

The imposition of conditionalities, like duty-free treatment to export of low-valued textile products from the proposed reconstruction opportunity zones (ROZs) to US, is not a good omen for the problem-riddled textile industry of Pakistan, sources told <i
Published 02 May, 2009 12:00am

Industry: NAKSHBANDI INDUSTRIES - Analysis of Financial Statements Financial Year 2003-H1'09

Nakshbandi Industries was incorporated in Pakistan as a public limited company. Its shares are quoted on KSE. The company is principally engaged in production and export of towels. The towel division is one of the country's most technically advanced set u
Published 02 May, 2009 12:00am

ROZ products exports: US conditions do not bode well for textile industry

The imposition of conditionalities, like duty-free treatment to export of low-valued textile products from the proposed reconstruction opportunity zones (ROZs) to US, is not a good omen for the problem-riddled textile industry of Pakistan, sources told <i
Published 02 May, 2009 12:00am

Ex-refinery petrol pricing: World Bank formula may replace current method

The government may replace the current method for calculation of penalty for motor spirit in the ex-refinery pricing formula with the World Bank proposed formula which would result in Rs 1.24 per litre reduction in ex-refinery price. Sources told Busin
Published 02 May, 2009 12:00am

ROZ products exports: US conditions do not bode well for textile industry

The imposition of conditionalities, like duty-free treatment to export of low-valued textile products from the proposed reconstruction opportunity zones (ROZs) to US, is not a good omen for the problem-riddled textile industry of Pakistan, sources told <i
Published 02 May, 2009 12:00am

Passco's wheat procurement target increased

The Federal government has increased wheat procurement target of the Pakistan Agricultural Storage and Services Corporation (Passco) from earlier 1.5 million tonnes to two million tonnes. Sources in the Corporation told Business Recorder here on Fr
Published 02 May, 2009 12:00am

Passco''s wheat procurement target increased

The Federal government has increased wheat procurement target of the Pakistan Agricultural Storage and Services Corporation (Passco) from earlier 1.5 million tonnes to two million tonnes. Sources in the Corporation told Business Recorder here on Fr
Published 02 May, 2009 12:00am

Replacement of obsolete signal gear: Railways sign LoI with lowest bidder

Pakistan Railways has signed the Letter of Intent (LoI) with the lowest bidder firm, Bombardier, for replacement of old and obsolete signal gear from Lodharan-Khanewal-Shahdara section, after the Executive Committee of the National Economic Council (Ecnec
Published 02 May, 2009 12:00am

15 percent regulatory duty proposed on import of steel products

Ministry of Industries and Production (MOIP) has proposed 10-15 percent regulatory duty on the import of steel products to protect the local steel industry, ministry sources told Business Recorder. They said that MOIP has decided to provide some in
Published 02 May, 2009 12:00am

Pakistan at 'crossroads': French envoy

The power grab by Taliban insurgents in Pakistan puts the nation's future at a "crossroads," according to France's new special envoy to Afghanistan and Pakistan. With the Taliban having advanced to districts just 100 kilometres (60 miles) from the capital
Published 02 May, 2009 12:00am

EU to forecast huge budget deficits for 2009

The European Commission is expected to forecast on Monday that the EU's collective budget deficit would soar to 6 percent of gross domestic product this year, a senior EU source said on Friday. In 2008, the fiscal shortfall of the 27-nation European Union
Published 02 May, 2009 12:00am

Pakistan at 'crossroads': French envoy

The power grab by Taliban insurgents in Pakistan puts the nation's future at a "crossroads," according to France's new special envoy to Afghanistan and Pakistan. With the Taliban having advanced to districts just 100 kilometres (60 miles) from the capital
Published 02 May, 2009 12:00am

Windows 7 to make public debut on May 5

Microsoft said Thursday that a nearly-final version of its next-generation Windows 7 operating system will be publicly released on May 5. The release will be available at microsoft.com/downloads in a move intended to signal that the software giant is putt
Published 02 May, 2009 12:00am

China has 'cancelled US credit card'

China, wary of the troubled US economy, has already "cancelled America's credit card" by cutting down purchases of debt, a US congressman said Thursday. China has the world's largest foreign reserves, believed to be mostly in dollars, along with around 80
Published 02 May, 2009 12:00am

Industry survey shows China economy gaining strength

Chinese manufacturing gained further momentum last month, a survey showed on Friday, adding to tentative evidence from around the world that the global economy may soon be on the path to recovery. An index based on an official survey of executives in char
Published 02 May, 2009 12:00am

US small business loans in arrears stabilise: PayNet

Delinquent loans at small and medium-sized US businesses showed tentative signs of having peaked in March, according to figures from PayNet Inc, a firm that tracks trends in the commercial lending market. Loans first falling behind in payment fell slightl
Published 02 May, 2009 12:00am

Foreign hand likely in Karachi violence: Prime Minister

Commenting on President Obama's remarks about Pakistan that Pakistan's civilian government was very fragile, without any capacity to deliver almost anything of consequence, Prime Minister Yousuf Raza Gilani said that it was made in the same breath when he
Published 02 May, 2009 12:00am

Hearing of anti-Muslim riots: Indian court orders setting up of fast track courts

The Indian Supreme Court (ISC) on Friday ordered setting up fast track courts to hear cases of post-Godhra anti-Muslim riots, which left more than 2000 dead in 2002. The court, while vacating its stay order of November 21, 2003 on the trial of 2002 riots,
Published 02 May, 2009 12:00am

Prime Minister to hold formal talks with PML-N on May 3

Prime Minister Yousaf Raza Gilani is likely to hold formal talks with Pakistan Muslim League-Nawaz (PML-N) on continuity of coalition government in Punjab on Sunday. Sources in the Pakistan Peoples Party (PPP) told Business Recorder that the Prime
Published 02 May, 2009 12:00am

Hearing of anti-Muslim riots: Indian court orders setting up of fast track courts

The Indian Supreme Court (ISC) on Friday ordered setting up fast track courts to hear cases of post-Godhra anti-Muslim riots, which left more than 2000 dead in 2002. The court, while vacating its stay order of November 21, 2003 on the trial of 2002 riots,
Published 02 May, 2009 12:00am

Taliban kidnap, release 10 soldiers

Taliban militants early on Friday briefly kidnapped 10 paramilitary soldiers from their local headquarters in Dir, police said. The abductions took place in the town of Dir, in the Upper Dir district of Malakand. Up to 60 Taliban militants stormed the loc
Published 02 May, 2009 12:00am

May Day turns violent in Turkey, Germany and Greece

May Day protesters clashed with riot police in Germany, Turkey and Greece on Friday while thousands angry at the government's responses to the global financial crisis took to the streets in France. Rising unemployment across Europe and beyond has added in
Published 02 May, 2009 12:00am

Government urged to rehabilitate existing leather institutes

Leather industry stakeholders have opposed the setting up of a new leather institute in Lahore, and termed the Commerce Ministry's decision as irrational, urging the government to provide the funds to be spent on the institute to the already established l
Published 02 May, 2009 12:00am

'Pakistan needs more loans from world financial institutions'

Foreign Minister Shah Mahmood Quraishi has said that Pakistan's peace was linked with regional peace, which, if disturbed, would send regional stability into peril. Following the 'Ghusal' of Shah Rukn-e-Alam Mazar here on Friday, talking to the media, the
Published 02 May, 2009 12:00am

Karachi violence halves business at ports

Wednesday's bloody incidents of violence and the nerve-racking tension on Thursday impacted the activities at the city's two ports by 30 to 50 percent, Business Recorder learnt on Friday. According to official sources, the serious law and order sit
Published 02 May, 2009 12:00am

Karachi violence halves business at ports

Wednesday''s bloody incidents of violence and the nerve-racking tension on Thursday impacted the activities at the city''s two ports by 30 to 50 percent, Business Recorder learnt on Friday. According to official sources, the serious law and order s
Published 02 May, 2009 12:00am

Karachi violence halves business at ports

Wednesday's bloody incidents of violence and the nerve-racking tension on Thursday impacted the activities at the city's two ports by 30 to 50 percent, Business Recorder learnt on Friday. According to official sources, the serious law and order sit
Published 02 May, 2009 12:00am

China and Iran gains in Latam 'disturbing': Clinton

Iran and China are making "disturbing" gains in Latin America and Washington can no longer afford to shun leaders from nations like Venezuela and Bolivia, Secretary of State Hillary Clinton said on Friday. "The prior administration tried to isolate them,
Published 02 May, 2009 12:00am

Five western soldiers killed in Afghan attack

Three American and two Latvian soldiers were killed in an attack by insurgents in eastern Afghanistan on Friday, US forces and Latvia's Defence Ministry said. US military spokeswoman Captain Elizabeth Mathias said insurgents attacked an outpost in the eas
Published 02 May, 2009 12:00am

Tiffany buys bankrupt Lambertson Truex handbag company

Tiffany & Co said on Friday it is buying bankrupt US handbag maker Lambertson Truex as the high-end jeweller seeks to expand its array of leather goods. Handbag designers Richard Lambertson and John Truex have already joined Tiffany, where they will "expl
Published 02 May, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	143.85
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 20	5,702.55
India Sensex / Sep 20	83,184.80
Tokyo Nikkei / Sep 20	37,723.91
Nasdaq / Sep 20	17,948.32
Hang Seng / Sep 20	18,258.57
FTSE 100 / Sep 20	8,229.99
Dow Jones / Sep 20	42,063.36
Germany DAX 30 / Sep 20	18,720.01

Item	Value
Crude Oil USD/Barrel / Sep 20	71.92
Gold Spot USD/Ounce / Sep 20	2,621.88
Cotton US¢/pound / Sep 20	73.52
Karachi Cotton PKR/37.32 KG / Sep 21	18,935
Gold 10 Grams PKR / Sep 21	233,625
Petrol/Litre / Sep 23	249.10

Stock	Price
786 Invest Ltd / Sep 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Most Popular