AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)
Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-05-17
'Arabs need action from Obama'

'Arabs need action from Obama'

The Arab world is anxiously expecting action, rather than words, from US President Barack Obama, the former Saudi Arabian ambassador to Washington has said. In an exclusive interview with the German Press Agency dpa, Prince Turki al-Faisal, who was ambass
Published 17 May, 2009 12:00am
Acid thrown into Hong Kong crowd hurts 30

Acid thrown into Hong Kong crowd hurts 30

Two bottles of acid were thrown into a crowd in a popular shopping district in downtown Hong Kong on Saturday, injuring 30 people, police and news reports said. It was the second such attack in five months in the neighbourhood. Television footage showed f
Published 17 May, 2009 12:00am
Afghan vote chief says presidential candidates weak

Afghan vote chief says presidential candidates weak

Afghanistan's election authority complained Saturday about the calibre of some of the 44 candidates for the August 20 presidential polls, charging they were unknown and had no clear programme. All met the basic legal requirements but some had never even w
Published 17 May, 2009 12:00am
Indonesia president to face Megawati, Kalla in poll

Indonesia president to face Megawati, Kalla in poll

Indonesian President Susilo Bambang Yudhoyono faces a twin challenge from his vice president and opposition leader Megawati Sukarnoputri in a July election to set the pace of reform in Southeast Asia's biggest economy. With only hours left before a deadli
Published 17 May, 2009 12:00am
Kazakhstan industrial production shrinks

Kazakhstan industrial production shrinks

Industrial production contracted by 4.8 percent in Kazakhstan in the first four months of the year compared with growth of 3.5 percent in the same period of last year, the state statistics agency said on Friday. Kazakhstan is a significant oil and metals
Published 17 May, 2009 12:00am
Philippines' remittances hit record high in March

Philippines' remittances hit record high in March

Remittances from overseas Filipinos reached a record $1.47 billion in March, the central bank said on Friday, suggesting domestic growth will remain resilient despite the global downturn. The latest number surpassed the previous monthly high of $1.45 bill
Published 17 May, 2009 12:00am
Russia, south European nations expected to sign gas pipeline deal

Russia, south European nations expected to sign gas pipeline deal

Russia and several southern European nations are expected to sign a deal for a new pipeline to carry natural gas to Europe. The Russian-lobbied South Stream project could hamper EU plans for a separate pipeline that would reduce its energy dependence on M
Published 17 May, 2009 12:00am
EBRD throws billions of euros at Eastern Europe crisis

EBRD throws billions of euros at Eastern Europe crisis

The European Bank for Reconstruction and Development is investing billions of euros in central and Eastern Europe to help free the ex-Soviet bloc from deep recession, it announced here on Friday. Kicking off its annual meeting, the EBRD said it had invest
Published 17 May, 2009 12:00am
Temasek to cut exposure in West, confident in Asia

Temasek to cut exposure in West, confident in Asia

Singapore's state-linked investment firm Temasek Holdings will reduce its exposure to Western nations after suffering massive losses amid the global financial crisis, its chief executive said. To balance risks and growth, Temasek will give greater importa
Published 17 May, 2009 12:00am
Dutch economy in worst contraction since WWII

Dutch economy in worst contraction since WWII

The Dutch economy shrank at the fastest rate since World War Two in the first quarter, driven by double-digit contractions in business investments, exports and imports. Gross domestic product (GDP) declined at a rate of 4.5 percent in the first quarter ov
Published 17 May, 2009 12:00am
Beijing targets high-tech exports, dumping at EU-China summit

Beijing targets high-tech exports, dumping at EU-China summit

Beijing will urge the European Union at a summit next week to relax limits on high-tech exports to China and review its anti-dumping policies, an official said Friday. "We will address again the acknowledgement of China's market economy status and the Eur
Published 17 May, 2009 12:00am
G20 must help Africa through recession: World Bank

G20 must help Africa through recession: World Bank

Leaders of the G20 nations must use their meeting in New York in September to help Africa to recover from the global economic crisis, a senior World Bank official said on Friday. Shanta Devarajan, chief economist for Africa, said offers of help for the co
Published 17 May, 2009 12:00am
US financial reform to be unveiled despite clashes

US financial reform to be unveiled despite clashes

The Obama administration's plan to reshape the opaque world of derivatives trading, unveiled on Wednesday, is only a preview of sweeping financial reform proposals that may be announced as soon as next week. The White House and Treasury, responding to the
Published 17 May, 2009 12:00am
China, Taiwan announce new shipping routes

China, Taiwan announce new shipping routes

China announced new measures to improve direct shipping to Taiwan, in a meeting which coincided with the opening of a cross-strait forum on Saturday evening in Xiamen, local media reported. Five new ports will be opened, bringing the total to 68, said Son
Published 17 May, 2009 12:00am
Egypt cuts key interest rates

Egypt cuts key interest rates

Egypt's central bank cut its overnight deposit rate by 50 basis points to 9.5 percent and its overnight lending rate by 100 basis points to 11 percent, the bank said on Friday, in a move that should encourage more lending.
Published 17 May, 2009 12:00am
Italy's Fiat workers march in Turin to defend jobs

Italy's Fiat workers march in Turin to defend jobs

Thousands of workers from Italy's auto group Fiat marched through the streets of Turin on Saturday shouting for job guarantees as the company moves to create what would be the world's second-biggest auto maker. Blowing whistles, sounding horns and waving
Published 17 May, 2009 12:00am
Thousands march in Germany over unemployment fears

Thousands march in Germany over unemployment fears

Thousands of German workers marched through Berlin on Saturday to demand the government do more to protect jobs, highlighting popular concerns about unemployment in the run up to September's federal election. Germany is facing its deepest recession since
Published 17 May, 2009 12:00am
US Securities lawyers probed for insider trading

US Securities lawyers probed for insider trading

Two US Securities and Exchange Commission enforcement lawyers are under investigation by federal criminal authorities for allegedly using insider information to trade stocks, a report by the SEC's internal watchdog said. The Federal Bureau of Investigatio
Published 17 May, 2009 12:00am
Merkel wants German tax cuts, gives no timeframe

Merkel wants German tax cuts, gives no timeframe

Chancellor Angela Merkel called on Saturday for tax cuts in Germany, despite growing strain on government finances. Tax cuts, investment and a solid budget policy should be at the core of economic policy, she said. "That is the triad with which we will ac
Published 17 May, 2009 12:00am
SemGroup files bankruptcy reorganisation plan

SemGroup files bankruptcy reorganisation plan

SemGroup LP on Friday filed a bankruptcy reorganisation plan with the court, saying it has lined up $500 million in financing, and expects to emerge from Chapter 11 as a publicly traded company later this year. SemGroup, an oil and gas services company, w
Published 17 May, 2009 12:00am
General Motors, Chrysler to drop 1,900 dealers by end of 2010

General Motors, Chrysler to drop 1,900 dealers by end of 2010

A decision by troubled automaker General Motors to drop 20 percent of its dealers in the US is due in part to an oversized network that created stiff internal competition and gave shoppers too much leverage to talk down prices, hurting chances for future
Published 17 May, 2009 12:00am
EBRD kicks off capital review amid some member criticism

EBRD kicks off capital review amid some member criticism

EBRD shareholders on Saturday decided to bring forward a planned review of the development bank's available capital as some countries criticised its lending practices for leaving eastern Europe and Central Asia exposed to the global financial crisis.
Published 17 May, 2009 12:00am
IMF prepared to ease conditions on east EU borrowers

IMF prepared to ease conditions on east EU borrowers

The International Monetary Fund is prepared to ease the fiscal conditions attached to its programmes with European Union members Latvia, Hungary and Romania due to worsening economic downturns, a senior Fund official said on Saturday. Anne-Marie Gulde-Wol
Published 17 May, 2009 12:00am
Kuwait's Alghanim eyes Asia industry acquisitions

Kuwait's Alghanim eyes Asia industry acquisitions

Kuwaiti conglomerate Al Ghanim Industries is looking at industrial acquisitions in Asia to help it diversify away from the Gulf region, where its revenues have been flat this year, the CEO said on Saturday. Omar Kutayba Alghanim said the company, with ann
Published 17 May, 2009 12:00am
Oil price hits six-month high, base metals dented

Oil price hits six-month high, base metals dented

Oil hit a six-month high above 60 dollars last week, boosted by a falling US currency, but later retreated on a worsening demand outlook which also pushed down base metals prices, analysts said.
Published 17 May, 2009 12:00am
Thailand sees higher sugar sales to Korea under FTA

Thailand sees higher sugar sales to Korea under FTA

Thai sugar exports to South Korea are expected to rise by about 10 percent in 2010 due to the elimination of the Korean import tariff under a new free trade agreement (FTA), traders and industry officials said on Friday. Thailand and the other nine countr
Published 17 May, 2009 12:00am
US soya extends gains

US soya extends gains

US soyabean futures extended gains on Friday, carried to a fresh 7-1-2 month high by a steady flow of exports and tightening global supplies that supported the market. Soyabeans have risen nearly 4 percent this week as US exports exceeded expectations aga
Published 17 May, 2009 12:00am
India may allow more non-basmati rice exports

India may allow more non-basmati rice exports

India may allow a further one million tonnes of non-basmati rice export to Africa, taking sales overseas sales to 2.5 million tonnes, the Economic Times reported on Thursday. A committee of top government officials has decided to allow the additional expo
Published 17 May, 2009 12:00am
US rice futures slip

US rice futures slip

US rice futures on the Chicago Board of Trade ended weak on Friday on lingering concerns about the government's burdensome global stocks forecast issued this week, traders said. An improved planting outlook in the top rice state of Arkansas was also beari
Published 17 May, 2009 12:00am
Dry weather hurting Malaysian palm oil output: planters

Dry weather hurting Malaysian palm oil output: planters

Palm oil output in Malaysia will struggle to rise in the next few months and may not even hit strong double digit peaks this year as the current hot and dry weather hurts yields, plantation officials said on Tuesday. Production in the world's second large
Published 17 May, 2009 12:00am
World market price for upland cotton: USDA

World market price for upland cotton: USDA

The US Agriculture Department set the prevailing world market price for upland cotton at 45.83 cents per pound, effective through May 21. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. USDA also announ
Published 17 May, 2009 12:00am
Palm oil buyers face green scorecard, WWF says

Palm oil buyers face green scorecard, WWF says

Major palm oil buyers face being graded for their green credentials after figures showing they have bought only a fraction of the sustainable palm oil available, environmental group WWF said on Tuesday. About 1.3 million tonnes of certified sustainable pa
Published 17 May, 2009 12:00am
New York sugar futures drop

New York sugar futures drop

Raw sugar futures reeled from investor liquidation to end sharply lower Friday after rallying to near a three-year high, with brokers saying the market may consolidate close to a key support level next week. The July raw sugar contract slid 0.52 cent, or
Published 17 May, 2009 12:00am
Soyabeans fall

Soyabeans fall

US soybean futures fell in quiet dealings on Friday, with profit-taking countering bullish input from big soy exports and shrinking soy supplies. Corn sagged along with soy on improved seeding weather forecast for next week in the United States, while whe
Published 17 May, 2009 12:00am
US gold futures higher

US gold futures higher

New York gold futures ended higher on Friday after data showed that US core inflation rose more than expected in April, bolstering the status of gold as a hedge against inflation. However, when food and energy are included, US consumer prices were unchang
Published 17 May, 2009 12:00am
Indonesia cocoa beans discounts hit five-year low-trade

Indonesia cocoa beans discounts hit five-year low-trade

Cocoa beans from Indonesia's main growing island of Sulawesi were offered $250 below New York futures on a free-on-board basis, its lowest in at least five years, as grinders cut purchases, dealers said on Thursday. Indonesia mainly exports beans to Malay
Published 17 May, 2009 12:00am
US copper lower

US copper lower

US copper futures ended down Friday as mixed economic data from Europe and the US underscored concerns about the health of the global economy and fed a price correction from over-heated levels that may extend into the coming week, analysts said. Copper fo
Published 17 May, 2009 12:00am
Canadian canola futures mixed

Canadian canola futures mixed

ICE Canadian canola closed mixed with choppy trade on Friday amid position-squaring before the long weekend in Canada. The benchmark July canola contract gained $1.40 to close at $476.80 on volume of 13,634 contracts while new-crop November edged down 10
Published 17 May, 2009 12:00am
US Midwest corn, soya bids mostly steady

US Midwest corn, soya bids mostly steady

Spot basis bids for corn and soyabeans held mostly steady around the US Midwest on Friday as farmers held onto supplies while futures drifted lower, dealers said. Corn bids fell by 1-1/2 cents per bushel while soyabean bids fell by 1 cent at an Iowa termi
Published 17 May, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 124,873 tonnes of cargo including 98,614 tonnes of import and 26,259 tonnes of export, 3,528 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 17 May, 2009 12:00am
US wheat futures fall

US wheat futures fall

US wheat futures closed lower on Friday on slow export sales of US wheat and on persistent weight from a big global stockpile of wheat. CBOT July wheat was down 15-3/4 cents per bushel at $5.77-1/2. Underlying support from slow seedings of the US spring w
Published 17 May, 2009 12:00am
Honduras sugar crop continues upward trend

Honduras sugar crop continues upward trend

Following are selected highlights from a report issued by a US Department of Agriculture attache in Honduras: "The sugar industry in Honduras aims at increasing refining capacity and improving efficiency. Area planted has increased slightly as a preventiv
Published 17 May, 2009 12:00am
Mexico coffee exports rise nine percent

Mexico coffee exports rise nine percent

Coffee exports from Mexico rose 9 percent in April to 327,874 60-kg bags, according to the national coffee organisation's website on Friday. Mexico exported 300,804 bags of coffee in April 2008. Cumulative exports for the 2008/09 coffee year, which began
Published 17 May, 2009 12:00am
US corn futures close lower

US corn futures close lower

US corn futures closed lower on Friday following falling soyabeans and on outlooks for better corn planting weather next week in the US Midwest. CBOT July corn was down 11 cents per bushel at $4.17-1/4. Break in US Midwest rains next week to boost plantin
Published 17 May, 2009 12:00am
KCBT wheat futures end down

KCBT wheat futures end down

Hard red winter wheat futures at the Kansas City Board of Trade closed lower on Friday on slow exports of US wheat and a big global wheat surplus. KCBT HRW wheat for July was down 13-1/4 cents per bushel at $6.30-1/2. Underlying support from slow seedings
Published 17 May, 2009 12:00am
Cameroon cocoa farm gate prices slip

Cameroon cocoa farm gate prices slip

Cameroonian cocoa farm gate prices have fallen slightly since the start of May as a result of increased supply of beans as the mid-crop season gradually gets under way, farmers said on Friday. Despite the fall, prices are still well above the average for
Published 17 May, 2009 12:00am
Dull business seen on cotton market

Dull business seen on cotton market

Lacklustre condition was seen on the cotton market on Saturday as hide-and-seek attitude was adopted by the mills, dealers said. The official spot rate was left unchanged at Rs 3,700, they said. According to the market sources, mills were conspicuous by t
Published 17 May, 2009 12:00am
The Weather

The Weather

The weather report on Saturday (May 16, 2009) and the forecast for Sunday (May 17, 2009).

Published 17 May, 2009 12:00am
Thin transaction on grain market

Thin transaction on grain market

Thin business was seen on the wholesale grain and seed market on Saturday as the main buyers kept on the sidelines due to lack of buying interest, dealers said. On the cereal side wheat old and new Bardana (with bag) shed Rs 15 to Rs 2,485 and 2,500; they
Published 17 May, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 16, 2009).

Published 17 May, 2009 12:00am
Oil cake market rates

Oil cake market rates

At the week-end, the May vaida commenced with Rs 1.50 gain at Rs 872.60 due to strong demand, dealers said. The other July contract opened with 50 paisa rise at Rs 976.20, they added.
Published 17 May, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 16, 2009).

Published 17 May, 2009 12:00am
FOB Gulf soya firm

FOB Gulf soya firm

US soyabean export premiums at the Gulf of Mexico on Friday were firm amid solid demand and export snags in South America, while corn and wheat values were mostly steady, traders said. Soyabean export premiums were up about 5 cents from a week ago despite
Published 17 May, 2009 12:00am
UK's Labour suspends second MP in expenses scandal

UK's Labour suspends second MP in expenses scandal

British Prime Minister Gordon Brown said on Saturday parliament must do more than clean up its expenses system to restore public trust, after his ruling Labour party suspended a second lawmaker in a damaging perks scandal. On its ninth day of disclosures
Published 17 May, 2009 12:00am
Message from President of Pakistan

Message from President of Pakistan

World Telecom and Information Society (WTIS) Day is being celebrated on May 17 and theme for this year - "Protecting Children in Cyber Space" holds special significance for Pakistan. Children and youth are future of our nation.
Published 17 May, 2009 12:00am
UK's Labour suspends second MP in expenses scandal

UK's Labour suspends second MP in expenses scandal

British Prime Minister Gordon Brown said on Saturday parliament must do more than clean up its expenses system to restore public trust, after his ruling Labour party suspended a second lawmaker in a damaging perks scandal. On its ninth day of disclosures
Published 17 May, 2009 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

It is gratifying to note that the World Telecommunication and Information Society Day is being celebrated this year under the theme as "Protecting Children in Cyberspace", in Pakistan as well as across the globe to mark the 144th anniversary of the establ
Published 17 May, 2009 12:00am
Weekly inflation up by 0.27 percent

Weekly inflation up by 0.27 percent

The Sensitive Price Indicator (SPI), for the week ended on May 14, for the lowest income group up to Rs 3,000, has registered increase of 0.27 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 2
Published 17 May, 2009 12:00am
Message from UN Secretary-General

Message from UN Secretary-General

World Telecommunication and Information Society Day marks the founding of the International Telecommunication Union on 17 May 1865, and commemorates its role in connecting the world.
Published 17 May, 2009 12:00am
Pakistan would miss even revised growth target

Pakistan would miss even revised growth target

Pakistan would miss even the revised GDP growth target for the current fiscal year as the National Account Committee was informed that the actual growth would be 2.37 percent and not 2.5 percent. Sources said that the NAC meeting chaired by Secretary Stat
Published 17 May, 2009 12:00am
Message from ITU Secretary-General

Message from ITU Secretary-General

Cyberspace is the nursery for young minds to grow and expand their horizons. It is the font of knowledge and information in the digital age and the incubator of fresh ideas and new innovations.
Published 17 May, 2009 12:00am
Pakistan would miss even revised growth target

Pakistan would miss even revised growth target

Pakistan would miss even the revised GDP growth target for the current fiscal year as the National Account Committee was informed that the actual growth would be 2.37 percent and not 2.5 percent. Sources said that the NAC meeting chaired by Secretary Stat
Published 17 May, 2009 12:00am
Pakistan would miss even revised growth target

Pakistan would miss even revised growth target

Pakistan would miss even the revised GDP growth target for the current fiscal year as the National Account Committee was informed that the actual growth would be 2.37 percent and not 2.5 percent. Sources said that the NAC meeting chaired by Secretary Stat
Published 17 May, 2009 12:00am
Message from PTCL President and chief executive

Message from PTCL President and chief executive

It is an honour to greet the Pakistani Nation on World Telecommunication and Information Society Day (WTISD) on behalf of Pakistan Telecommunication Company Limited (PTCL). 17th May marks the creation of the International Telecommunication Union and hence
Published 17 May, 2009 12:00am
Weekly inflation up by 0.27 percent

Weekly inflation up by 0.27 percent

The Sensitive Price Indicator (SPI), for the week ended on May 14, for the lowest income group up to Rs 3,000, has registered increase of 0.27 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 2
Published 17 May, 2009 12:00am
Message from Chairman, PTA

Message from Chairman, PTA

The recent developments in the Information Communication Technologies (ICTs) have effectively improved the international communication systems leaving a great impact on the developing countries as well. According to International Telecommunication Union (
Published 17 May, 2009 12:00am
Weekly inflation up by 0.27 percent

Weekly inflation up by 0.27 percent

The Sensitive Price Indicator (SPI), for the week ended on May 14, for the lowest income group up to Rs 3,000, has registered increase of 0.27 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 2
Published 17 May, 2009 12:00am
Message from chief executive, Universal Service Fund

Message from chief executive, Universal Service Fund

The Information and Communications Technology (ICT) infrastructure in the whole world is becoming an increasingly important component of the economy. The significance of ICT can be seen from the fact that it has penetrated almost every aspect of our daily
Published 17 May, 2009 12:00am
Sri Lanka president declares Tamil Tigers 'defeated'

Sri Lanka president declares Tamil Tigers 'defeated'

Sri Lankan President Mahinda Rajapaksa on Saturday said the Tamil Tigers had been militarily defeated as soldiers seized control of the entire coastline for the first time in a 25-year war. Rajapaksa, on a visit to Jordan, said he would return to Sri Lank
Published 17 May, 2009 12:00am
Foreign direct investment in telecom sector of Pakistan

Foreign direct investment in telecom sector of Pakistan

Steady investment environment is a prerequisite to attract foreign investment. A right case for Foreign Direct Investment (FDI) would entail sustainable financial environment, low inflation, low fiscal deficit, low mark-up, controlled credit expansion and
Published 17 May, 2009 12:00am
Sri Lanka president declares Tamil Tigers 'defeated'

Sri Lanka president declares Tamil Tigers 'defeated'

Sri Lankan President Mahinda Rajapaksa on Saturday said the Tamil Tigers had been militarily defeated as soldiers seized control of the entire coastline for the first time in a 25-year war. Rajapaksa, on a visit to Jordan, said he would return to Sri Lank
Published 17 May, 2009 12:00am
Protecting children in cyberspace

Protecting children in cyberspace

If a denizen of the early twentieth century could be called back from his sleep and brought to the modern times, he will be astonished to see the various advancements made by science in the field of telecommunications. In educational institutions he will
Published 17 May, 2009 12:00am
Germany delays submarines' sale to Pakistan

Germany delays submarines' sale to Pakistan

Germany is to sell main battle tanks to Qatar, ending a long ban on selling heavy weapons to Arabian peninsula nations, the news magazine Der Spiegel said on Saturday. But a sale of stealth submarines to Pakistan was on hold till, after Germany's general
Published 17 May, 2009 12:00am
Germany delays submarines' sale to Pakistan

Germany delays submarines' sale to Pakistan

Germany is to sell main battle tanks to Qatar, ending a long ban on selling heavy weapons to Arabian peninsula nations, the news magazine Der Spiegel said on Saturday. But a sale of stealth submarines to Pakistan was on hold till, after Germany's general
Published 17 May, 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 17 May, 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 17 May, 2009 12:00am
UPA, riding on the back of years of economic growth, wins election

UPA, riding on the back of years of economic growth, wins election

Indian Prime Minister Manmohan Singh's ruling coalition won an overwhelming election victory on Saturday, boosting hopes of a stable government as the emerging Asian power faces economic downturn and tensions with Pakistan. Singh's Congress-led coalition,
Published 17 May, 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 Saturday (May 16, 2009).

Published 17 May, 2009 12:00am
UPA, riding on the back of years of economic growth, wins election

UPA, riding on the back of years of economic growth, wins election

Indian Prime Minister Manmohan Singh's ruling coalition won an overwhelming election victory on Saturday, boosting hopes of a stable government as the emerging Asian power faces economic downturn and tensions with Pakistan. Singh's Congress-led coalition,
Published 17 May, 2009 12:00am
Ogra determines 8.75 percent cut in gas tariff

Ogra determines 8.75 percent cut in gas tariff

Oil and Gas Regulatory Authority (Ogra) has determined Rs 22 per Million British Thermal Unit (mmbtu) or 8.75 percent reduction in gas tariff effective July 1, 2009. Ogra has submitted its determination to the Petroleum and Natural Resources Ministry. The
Published 17 May, 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 Saturday (May 16, 2009).

Published 17 May, 2009 12:00am
Ogra determines 8.75 percent cut in gas tariff

Ogra determines 8.75 percent cut in gas tariff

Oil and Gas Regulatory Authority (Ogra) has determined Rs 22 per Million British Thermal Unit (mmbtu) or 8.75 percent reduction in gas tariff effective July 1, 2009. Ogra has submitted its determination to the Petroleum and Natural Resources Ministry. The
Published 17 May, 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 Saturday (May 16, 2009).

Published 17 May, 2009 12:00am
Ogra determines 8.75 percent cut in gas tariff

Ogra determines 8.75 percent cut in gas tariff

Oil and Gas Regulatory Authority (Ogra) has determined Rs 22 per Million British Thermal Unit (mmbtu) or 8.75 percent reduction in gas tariff effective July 1, 2009. Ogra has submitted its determination to the Petroleum and Natural Resources Ministry. The
Published 17 May, 2009 12:00am
Non-compliant taxpayers: FBR may introduce legal changes in tax laws

Non-compliant taxpayers: FBR may introduce legal changes in tax laws

The Federal Board of Revenue (FBR) is likely to introduce legal changes in tax laws for effective enforcement and return filing by the non-compliant taxpayers in the 2009-10 budget. Sources told Business Recorder on Saturday that the non-filing rat
Published 17 May, 2009 12:00am
Non-compliant taxpayers: FBR may introduce legal changes in tax laws

Non-compliant taxpayers: FBR may introduce legal changes in tax laws

The Federal Board of Revenue (FBR) is likely to introduce legal changes in tax laws for effective enforcement and return filing by the non-compliant taxpayers in the 2009-10 budget. Sources told Business Recorder on Saturday that the non-filing rat
Published 17 May, 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 Saturday (May 16, 2009).

Published 17 May, 2009 12:00am
Non-compliant taxpayers: FBR may introduce legal changes in tax laws

Non-compliant taxpayers: FBR may introduce legal changes in tax laws

The Federal Board of Revenue (FBR) is likely to introduce legal changes in tax laws for effective enforcement and return filing by the non-compliant taxpayers in the 2009-10 budget. Sources told Business Recorder on Saturday that the non-filing rat
Published 17 May, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (May 16, 2009).
Published 17 May, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (May 16, 2009).

Published 17 May, 2009 12:00am
Previous Day