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Nov 08, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-05-23
BRIndex30 gains 171.7 points

BRIndex30 gains 171.7 points

On Friday, the BRIndex30 opened in the positive zone, at 6,649.32, with an upward gap of 67.69 points, and remained there for whole of the trading time. It closed at 6,753.33 with a net positive change of 171.7 points and percentage change of 2.61. It exp
Published 23 May, 2009 12:00am
Russia recession roars on with jobless at nine-year high

Russia recession roars on with jobless at nine-year high

Russian data on Friday showed it is too soon to call the bottom on the country's first recession in a decade, with unemployment rising to a 9-year high and retail sales slumped for a third month in a row. News that 200,000 lost their jobs last month, push
Published 23 May, 2009 12:00am
KSE index surges 176.42 points

KSE index surges 176.42 points

The clarification by the Advisor to Prime Minister on Finance, denying imposition of additional taxes on share business, invited healthy buying on Friday said and the KSE-100 index surged by 176.42 points to close at 7,146.24 points level.
Published 23 May, 2009 12:00am
Fed finalises Treasury tier 1 capital rule

Fed finalises Treasury tier 1 capital rule

The US Federal Reserve Board on Friday said it has finalised a rule that allows bank holding companies to count as Tier 1 capital any senior perpetual preferred stock issued to the US Treasury Department under the financial rescue program. The Fed said it
Published 23 May, 2009 12:00am
KSE index surges 176.42 points

KSE index surges 176.42 points

The clarification by the Advisor to Prime Minister on Finance, denying imposition of additional taxes on share business, invited healthy buying on Friday said and the KSE-100 index surged by 176.42 points to close at 7,146.24 points level.
Published 23 May, 2009 12:00am
Fed finalises Treasury tier 1 capital rule

Fed finalises Treasury tier 1 capital rule

The US Federal Reserve Board on Friday said it has finalised a rule that allows bank holding companies to count as Tier 1 capital any senior perpetual preferred stock issued to the US Treasury Department under the financial rescue program. The Fed said it
Published 23 May, 2009 12:00am
KSE index surges 176.42 points

KSE index surges 176.42 points

The clarification by the Advisor to Prime Minister on Finance, denying imposition of additional taxes on share business, invited healthy buying on Friday said and the KSE-100 index surged by 176.42 points to close at 7,146.24 points level.
Published 23 May, 2009 12:00am
Mass layoffs fell sharply in April

Mass layoffs fell sharply in April

Mass layoff actions by US employers fell sharply in April, according to government data on Friday that indicated the pace of the labour market deterioration was abating. The Labour Department said the number of mass layoff actions - defined as job cuts in
Published 23 May, 2009 12:00am
Singh sworn in for second term

Singh sworn in for second term

Indian Prime Minister Manmohan Singh was sworn in for a second term Friday, amid a row between his Congress party and a key ally over cabinet posts following their resounding election triumph. The 76-year-old, soft-spoken economist and 19 members of his c
Published 23 May, 2009 12:00am
US yearly growth gauge edges higher

US yearly growth gauge edges higher

A measure of US future economic growth inched higher in the latest week, while its yearly growth rate continued to climb toward positive territory, a research group said on Friday. The Economic Cycle Research Institute, a New York-based independent foreca
Published 23 May, 2009 12:00am
B.I.S.P. funds to be used: LEAs insurance cover from foreign donations

B.I.S.P. funds to be used: LEAs insurance cover from foreign donations

The government is to utilise foreign donations to get the law enforcing agency (LEA) officials insured and provide financial support to their families and secure jobs for their dependent children, sources told Business Recorder. The decision was ta
Published 23 May, 2009 12:00am
Mass layoffs fell sharply in April

Mass layoffs fell sharply in April

Mass layoff actions by US employers fell sharply in April, according to government data on Friday that indicated the pace of the labour market deterioration was abating. The Labour Department said the number of mass layoff actions - defined as job cuts in
Published 23 May, 2009 12:00am
Prime Minister hints at cutting development budget

Prime Minister hints at cutting development budget

Prime Minister Syed Yousuf Raza Gilani has said that the government can cut the development budget for meeting all the requirements of internally Displaced Persons (IDPs). "The government is fully cognisant of the needs of IDPs and will look after them",
Published 23 May, 2009 12:00am
British Airways slumps to record loss

British Airways slumps to record loss

British Airways slumped to a record loss and cancelled its dividend for the year to end March, adding that tough market conditions made it impossible to give any guidance for the current period. Europe's third-biggest airline by revenue has been suffering
Published 23 May, 2009 12:00am
Prime Minister hints at cutting development budget

Prime Minister hints at cutting development budget

Prime Minister Syed Yousuf Raza Gilani has said that the government can cut the development budget for meeting all the requirements of internally Displaced Persons (IDPs). "The government is fully cognisant of the needs of IDPs and will look after them",
Published 23 May, 2009 12:00am
British Airways slumps to record loss

British Airways slumps to record loss

British Airways slumped to a record loss and cancelled its dividend for the year to end March, adding that tough market conditions made it impossible to give any guidance for the current period. Europe's third-biggest airline by revenue has been suffering
Published 23 May, 2009 12:00am
Bulls back in driving seat on ISE

Bulls back in driving seat on ISE

Bulls returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities showed healthy signs under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 36.20 points, as the Index moved from 1,614.99 to 1,65
Published 23 May, 2009 12:00am
UK Honda workers endorse pay cut to protect jobs

UK Honda workers endorse pay cut to protect jobs

Workers at Honda's UK factory have voted for a temporary pay cut to protect 490 jobs, their union said Friday. Autoworkers are due to return to duty at the Honda plant in Swindon, southern England, on June 1 following a four-month layoff intended to work
Published 23 May, 2009 12:00am
Bulls back in driving seat on ISE

Bulls back in driving seat on ISE

Bulls returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities showed healthy signs under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 36.20 points, as the Index moved from 1,614.99 to 1,65
Published 23 May, 2009 12:00am
Oil prices end steady in Asia

Oil prices end steady in Asia

Oil hovered above $61 a barrel on Friday, off six-month highs the previous day, as disappointing jobs and factory data dented hopes that the economy of the United States, the world's top energy user, was set for a quick rebound. US data on Thursday signal
Published 23 May, 2009 12:00am
Bullish sentiments dominate on LSE

Bullish sentiments dominate on LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Friday and the equities registered gains across the board amid increased trading turnover following fresh buying on account of some encouraging news on the economic front.
Published 23 May, 2009 12:00am
Gold prices firm in Asia

Gold prices firm in Asia

Gold held steady on Friday near a two-month high, with investors turning to the safe-haven asset as the dollar remained weak and as US data on jobless claims and business conditions dented hopes for a quick return to growth.
Published 23 May, 2009 12:00am
Bullish sentiments dominate on LSE

Bullish sentiments dominate on LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Friday and the equities registered gains across the board amid increased trading turnover following fresh buying on account of some encouraging news on the economic front.
Published 23 May, 2009 12:00am
US gold higher

US gold higher

US gold futures rose to near a two-month high above $950 an ounce on Thursday as signs that the economy might not recover quickly prompted investors to flocked into the bullion market as a safe haven. Gold for June delivery settled up $13.80, or 1.5 perce
Published 23 May, 2009 12:00am
B.I.S.P. funds to be used: LEAs insurance cover from foreign donations

B.I.S.P. funds to be used: LEAs insurance cover from foreign donations

The government is to utilise foreign donations to get the law enforcing agency (LEA) officials insured and provide financial support to their families and secure jobs for their dependent children, sources told Business Recorder. The decision was ta
Published 23 May, 2009 12:00am
Malaysian palm oil climbs

Malaysian palm oil climbs

Malaysian palm oil futures rose nearly 1 percent on Friday, rebounding from a three-week low a day earlier, but fears over supplies in the world's number-two producer and a strong ringgit capped gains, traders said. The benchmark August contract on the Bu
Published 23 May, 2009 12:00am
Britain gives extra aid

Britain gives extra aid

Britain announced Friday an extra 10 million pounds (15.9 million dollars, 11.4 million euros) in aid to help huge numbers of people displaced by a military offensive in north-west Pakistan. The new money brings Britain's contribution to 22 million pounds
Published 23 May, 2009 12:00am
US soyabean higher

US soyabean higher

US soyabean futures closed higher on Thursday on support from tight stocks and strong export demand. CBOT July was up 6 cents at $11.75. Funds bought 3,000 lots. USDA said export sales of US soyabeans last week totalled 1,367,600 tonnes (old-crop-new-crop
Published 23 May, 2009 12:00am
Britain gives extra aid

Britain gives extra aid

Britain announced Friday an extra 10 million pounds (15.9 million dollars, 11.4 million euros) in aid to help huge numbers of people displaced by a military offensive in north-west Pakistan. The new money brings Britain's contribution to 22 million pounds
Published 23 May, 2009 12:00am
US soya up on exports, supply woes; corn, wheat firm

US soya up on exports, supply woes; corn, wheat firm

Chicago soyabean futures rose on Friday to trade near eight-month highs on renewed concerns over a squeeze in supplies resulting from strong US exports and a smaller Argentine crop. Corn and wheat also gained, with wheat futures climbing more than one per
Published 23 May, 2009 12:00am
UN seeks $543 million assistance for IDPs

UN seeks $543 million assistance for IDPs

The United Nations and partners on Friday called for $543 million immediate assistance in humanitarian relief for the Swat, Buner displaced persons (DPs). "We are calling for generous support from international community in addition to the assistance bein
Published 23 May, 2009 12:00am
Tokyo rubber futures slip

Tokyo rubber futures slip

Tokyo rubber futures fell nearly 2 percent on Friday as the yen's further gain and weakness in the oil market dampened sentiment. The key Tokyo Commodity Exchange rubber contract for October delivery fell 1.8 percent to 159.5 yen per kg from Thursday's se
Published 23 May, 2009 12:00am
Water colour painting: Abdul Hayee - a mentor

Water colour painting: Abdul Hayee - a mentor

Abdul Hayee is the most prominent water colour landscape painter in Pakistan. He has been painting much more and much longer than the others in the field. Karachi art circle in the late 60's and early 70's witnessed a development in water colour painting
Published 23 May, 2009 12:00am
UN seeks $543 million assistance for IDPs

UN seeks $543 million assistance for IDPs

The United Nations and partners on Friday called for $543 million immediate assistance in humanitarian relief for the Swat, Buner displaced persons (DPs). "We are calling for generous support from international community in addition to the assistance bein
Published 23 May, 2009 12:00am
New York sugar reverses to strong finish

New York sugar reverses to strong finish

Raw sugar futures rebounded to a higher close on Thursday as the US dollar reversed course and dropped, said traders who cited fund buying of the sweetener. The July raw sugar contract climbed 0.24 cent to close at 15.62 cents per lb. The contract traded
Published 23 May, 2009 12:00am
LITERARY NOTES: Dr Qamar Rais bows out

LITERARY NOTES: Dr Qamar Rais bows out

Dr Qamar Rais, one of the architects of the post-Sajjad Zaheer phase of the Progressive Movement, passed away in Delhi on April 28. He was 77. A writer known throughout the Urdu speaking world as a prominent critic, poet and educationist he was regarded b
Published 23 May, 2009 12:00am
US senators insist on conditions for military aid

US senators insist on conditions for military aid

Several US senators on Thursday vowed to impose conditions on proposed military assistance to Pakistan, saying that past aid had been delivered without strings attached. Democrats on the Senate Foreign Relations Committee issued the warning to the top US
Published 23 May, 2009 12:00am
US copper down

US copper down

US copper futures ended lower on Thursday, as broader market sentiment soured from pessimistic growth forecasts from the Federal Reserve and data showing further job market weakness. Copper for July delivery shed 5.55 cents, or 2.6 percent, to settle at $
Published 23 May, 2009 12:00am
Meeting death at Karachi's landmark Native Jetty

Meeting death at Karachi's landmark Native Jetty

Life in Karachi has a fair amount of diversity. Mainstream of the citizens knows the art of adding variegation to their monotonous, somewhat non-rhythmic routine.
Published 23 May, 2009 12:00am
IDPs to receive aid through Benazir Smart Cards: Farzana

IDPs to receive aid through Benazir Smart Cards: Farzana

Federal Minister & Chairperson Benazir Income Support Programme Farzana Raja has said that all the IDPs will receive all financial assistance through the newly launched Benazir Smart Cards initiated by federal government with the co-ordination of NADRA.
Published 23 May, 2009 12:00am
Shanghai copper rebounds in Asia

Shanghai copper rebounds in Asia

London copper bounced up on Friday following a tumble in the previous session, as a weaker US dollar lent support, although concerns over weak summer demand weighed on sentiment. The dollar fell to its weakest in almost five months against a basket of maj
Published 23 May, 2009 12:00am
CAPITAL CULTURAL SCENE: New centre for arts and cultural activities

CAPITAL CULTURAL SCENE: New centre for arts and cultural activities

The capital city would soon have yet another nucleus of art and cultural activities as the National Centre for Performing Arts, with a National Theatre as its most vibrant segment of activities. The new cultural project would be established in an area of
Published 23 May, 2009 12:00am
Germany to give Euro 22.6 million

Germany to give Euro 22.6 million

For relief of displaced persons of Federally Administered Tribal Areas and Malakand Division, Germany has increased its emergency assistance to Pakistan to a total of Euro 22.6 million. According to an announcement of the German Embassy here on Friday, st
Published 23 May, 2009 12:00am
Japan buys less feed wheat, barley than planned

Japan buys less feed wheat, barley than planned

Japan's Ministry of Agriculture bought 1,500 tonnes of feed wheat and 2,750 tonnes of feed barley in a tender on Friday, a ministry official said, far less than the amounts it had sought. The ministry, which controls imports of key grains, originally plan
Published 23 May, 2009 12:00am
Pims registers 77 families of IDPs

Pims registers 77 families of IDPs

Dr Altaf Hussain Executive Director Pakistan Institute of Medical Sciences (Pims) while addressing a press conference here on Friday said that the hospital so far has registered 77 families of IDPs including 45 doctors and 32 other families. Pims is provi
Published 23 May, 2009 12:00am
Three killed in occupied Kashmir

Three killed in occupied Kashmir

Three suspected freedom fighters were killed on Friday in a gunbattle with Indian occupation troops near the de facto border dividing Kashmir between India and Pakistan, the military said. "The gunbattle erupted early on Friday in Tangdhar sector near the
Published 23 May, 2009 12:00am
US rice futures end firm

US rice futures end firm

US rice futures closed firm on Thursday on support from a weak dollar and light short-covering. CBOT July rice closed 1-1/2 cents per cwt higher at $12.12-1/2. Weekly world market rice prices unchanged from the previous announcement-USDA. High prices temp
Published 23 May, 2009 12:00am
BRIDGE NOTES: Better to judge with open eyes

BRIDGE NOTES: Better to judge with open eyes

Bridge contracts are based either on bidding strength or distributional hands. But sometimes they gather their own momentum when the opponents intervene and show their strength, distribution and the probable lie of cards.
Published 23 May, 2009 12:00am
Faisalabad, Karachi Daewoo bus service begins

Faisalabad, Karachi Daewoo bus service begins

Deawoo bus service has launched its service from Faisalabad to Karachi here on Friday. DCO Saeed Wahlah inaugurated the bus service here at Deawoo Bus Terminal. Senior Admn Officer Liaqat Ali Chatha, Secretary DRTA Rai Wajid Ali, Manager Deawoo Abdul Basi
Published 23 May, 2009 12:00am
PBM announces free transport for IDPs

PBM announces free transport for IDPs

Managing Director Pakistan Bait-ul-Mal, (PBM) Zamurrad Khan has announced free transport facility from Islamabad to Jallozai for students, doctors and NGOs, charitable who want to access the IDPs with relief goods. During his visit to Jallozai Camp, MD PB
Published 23 May, 2009 12:00am
Lacklustre business on cotton market

Lacklustre business on cotton market

Listless trading was seen on the cotton market on Friday as mills were sidelined mainly because of financial problem, brokers said. The official spot rate was unchanged at Rs 3,700; they added. According to the market sources leading mills were on the sid
Published 23 May, 2009 12:00am
New York cotton

New York cotton

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

Published 23 May, 2009 12:00am
Tribesmen form militias to expel Taliban

Tribesmen form militias to expel Taliban

Tribesmen near the Swat valley are raising militias to prevent the Taliban from expanding their influence in the region, a senior military commander said on Friday. Officials say more than 1,000 militants and more than 50 soldiers have been killed in the
Published 23 May, 2009 12:00am
Sri Lanka tea output up 4.8 percent

Sri Lanka tea output up 4.8 percent

Better weather and fertiliser usage coupled with better agricultural practices helped Sri Lanka's tea output to rise 4.8 percent in April compared with a year ago, the Sri Lanka Tea Board said on Friday. Tea output last month edged up for the first time o
Published 23 May, 2009 12:00am
Operation aimed at establishment of government's writ: ANP

Operation aimed at establishment of government's writ: ANP

President, Awami National Party (ANP) Asfandyar Wali Khan has said that ANP is a democratic party and has always believed in resolving issues through dialogue and peaceful political means rather than the use of force. The present provincial government of
Published 23 May, 2009 12:00am
US Midwest corn and soyabean bids mostly steady to firm

US Midwest corn and soyabean bids mostly steady to firm

Spot basis offers for corn and soyabeans were steady to firm at most locations around the US Midwest on Thursday, grain dealers said. Sales of both soyabeans and corn were slow on the cash market as many farmers had bullish expectations about prices for t
Published 23 May, 2009 12:00am
New York cotton

New York cotton

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

Published 23 May, 2009 12:00am
Five killed in Karachi violence

Five killed in Karachi violence

Five people including a woman and a child were killed in late night violence that erupted in different areas of the city on Friday, Aaj TV reported. Some miscreants gunned down a hotel owner in Gulistan-e-Jauhar area. In another incident, unknown a
Published 23 May, 2009 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was unchanged on the forward cottonseed oilcake market on Thursday as it maintained its overnight level at Rs 871.10 and the other July contact moved up with 30 paisa gain at Rs 977.60, they added.
Published 23 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 23 May, 2009 12:00am
Pakistan and Iran start new talks on gas deal

Pakistan and Iran start new talks on gas deal

Tehran and Islamabad started a fresh round of talks on Friday over a deal to export Iranian gas to Pakistan, Iran''s students news agency ISNA reported. India had been part of the $7 billion so-called "peace pipeline" project, but stayed away from talks i
Published 23 May, 2009 12:00am
US wheat futures end lower

US wheat futures end lower

US wheat futures ended lower Thursday, setting back from recent rallies in profit-taking. Chicago Board of Trade July wheat ended down 4-1/4 cents at $5.93-1/2 per bushel, while at the Kansas City Board of Trade July wheat ended down 3 cents at $6.47. And
Published 23 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 Friday (May 22, 2009).

Published 23 May, 2009 12:00am
Pakistan and Iran start new talks on gas deal

Pakistan and Iran start new talks on gas deal

Tehran and Islamabad started a fresh round of talks on Friday over a deal to export Iranian gas to Pakistan, Iran's students news agency ISNA reported. India had been part of the $7 billion so-called "peace pipeline" project, but stayed away from talks in
Published 23 May, 2009 12:00am
KCBT wheat futures end lower

KCBT wheat futures end lower

Hard red winter wheat futures at the Kansas City Board of Trade ended lower Thursday in a profit-taking setback from recent gains. The benchmark KCBT July ended down 3 cents at $7.47 per bushel after ranging on the day from $6.39-1/4 to $6.54. Traders sai
Published 23 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 23 May, 2009 12:00am
Pakistan and Iran start new talks on gas deal

Pakistan and Iran start new talks on gas deal

Tehran and Islamabad started a fresh round of talks on Friday over a deal to export Iranian gas to Pakistan, Iran's students news agency ISNA reported. India had been part of the $7 billion so-called "peace pipeline" project, but stayed away from talks in
Published 23 May, 2009 12:00am
US corn futures end lower

US corn futures end lower

US corn futures closed lower on Thursday on better corn planting weather in the United States and on profit-taking. CBOT July closed down 2 cents per bushel at $4.24. Funds sold 3,000 lots. Lower crude oil and the lower stock market also weighed on corn f
Published 23 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 Friday (May 22, 2009).

Published 23 May, 2009 12:00am
10 killed in Peshawar car bomb blast

10 killed in Peshawar car bomb blast

Ten people were killed and more than 70 injured in a powerful car bomb blast on busy Cinema Road, near Khyber Bazaar, here on Friday evening. Fourteen wounded persons were stated to be in critical conditions. The car, which exploded with a big bang, was p
Published 23 May, 2009 12:00am
India sugar rises

India sugar rises

Indian sugar futures rose on Friday on bargain buying, prompted by an estimated sharp drop in output, but hopes cane yields will rise due to good monsoon rains weighed on prices, analysts said. India's sugar output may fall to 14.8 million tonnes in 2008/
Published 23 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 Friday (May 22, 2009).

Published 23 May, 2009 12:00am
10 killed in Peshawar car bomb blast

10 killed in Peshawar car bomb blast

Ten people were killed and more than 70 injured in a powerful car bomb blast on busy Cinema Road, near Khyber Bazaar, here on Friday evening. Fourteen wounded persons were stated to be in critical conditions. The car, which exploded with a big bang, was p
Published 23 May, 2009 12:00am
Nigeria's cocoa disease threat drops

Nigeria's cocoa disease threat drops

The threat of black pod disease in Nigeria's main cocoa regions has receded due to improved weather conditions over the last month, farmers said on Friday. Growers had feared the heavy downpours just before the start of the mid crop in April would trigger
Published 23 May, 2009 12:00am
Piaf slams meagre cut in POL products prices

Piaf slams meagre cut in POL products prices

Pakistan Industrial and Traders Associations Front (Piaf) has termed the cut in the prices of petroleum products as an eyewash. The Piaf office bearers including Chairman Irfan Qaiser Sheikh and Vice Chairman Iqbal Baig Chugtai said in a joint statement t
Published 23 May, 2009 12:00am
FOB Gulf corn and soya steady

FOB Gulf corn and soya steady

US corn and soyabean export premiums at the Gulf of Mexico were mostly steady on Thursday, with a strong weekly export pace supporting soya. Traders said, soyabeans were underpinned by tight supplies with strong exports shrinking old-crop supplies. USDA s
Published 23 May, 2009 12:00am
Crops rot on battle lines

Crops rot on battle lines

Farmers in north-west were preparing for a bumper harvest when a punishing military assault against Taliban fighters sent them fleeing their homes. They fear hardship and hunger as crops spoil in untended fields, with aid agencies warning that it could ta
Published 23 May, 2009 12:00am
Canadian canola futures end lower

Canadian canola futures end lower

ICE Canadian canola traded lower Thursday as crusher buying eased and pressure mounted from a stronger Canadian dollar and weaker crude oil prices, traders said. The July canola contract fell $1.90 to close at $477.80 on volume of 5,890 contracts while ne
Published 23 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 Friday (May 22, 2009).

Published 23 May, 2009 12:00am
Raja warns of regaining KESC control

Raja warns of regaining KESC control

Federal Minister for Water and Power Raja Pervez Ashraf on Friday warned to regain the management control of Karachi Electric Supply Company (KESC) if the administration fails to make necessary arrangements for improving efficiency. He was responding to t
Published 23 May, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 80,012 tonnes of cargo including 58,874 tonnes of import and 21,138 tonnes of export; 2,361 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Friday. The freights comprised of 77,471 tonnes of dry car
Published 23 May, 2009 12:00am
Raja warns of regaining KESC control

Raja warns of regaining KESC control

Federal Minister for Water and Power Raja Pervez Ashraf on Friday warned to regain the management control of Karachi Electric Supply Company (KESC) if the administration fails to make necessary arrangements for improving efficiency. He was responding to t
Published 23 May, 2009 12:00am
KARACHI CHRONICLE: No let-up in load-shedding

KARACHI CHRONICLE: No let-up in load-shedding

There is a new twist in the tale of chronic load-shedding. It is alleged that KESC's excuse for shortfall of 600 mega watts of power is due to the inaction of two units of Bin Qasim power plant, is a "cover up" and the real purpose is to save on cost of f
Published 23 May, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 22, 2009).
Published 23 May, 2009 12:00am
Nepra on brink of raising discos'' tariff for 2009-10

Nepra on brink of raising discos'' tariff for 2009-10

The National Electric Power Regulatory Authority (Nepra) has entered the final phase of allowing substantial raise in discos'' power tariffs for the 2009-10 fiscal year despite resistance by consumers.
Published 23 May, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 22, 2009).

Published 23 May, 2009 12:00am
Nepra on brink of raising discos' tariff for 2009-10

Nepra on brink of raising discos' tariff for 2009-10

The National Electric Power Regulatory Authority (Nepra) has entered the final phase of allowing substantial raise in discos' power tariffs for the 2009-10 fiscal year despite resistance by consumers.
Published 23 May, 2009 12:00am
Nepra on brink of raising discos' tariff for 2009-10

Nepra on brink of raising discos' tariff for 2009-10

The National Electric Power Regulatory Authority (Nepra) has entered the final phase of allowing substantial raise in discos' power tariffs for the 2009-10 fiscal year despite resistance by consumers.
Published 23 May, 2009 12:00am
Five killed in Karachi violence

Five killed in Karachi violence

Five people including a woman and a child were killed in late night violence that erupted in different areas of the city on Friday, Aaj TV reported. Some miscreants gunned down a hotel owner in Gulistan-e-Jauhar area. In another incident, unknown a
Published 23 May, 2009 12:00am
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