News Archives for Print - 2009-05-29 - Business Recorder

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Print - 2009-05-29

Post-December 27 violence: PAC doubts Sindh departments claims on gutted records

Post-December 27 violence: PAC doubts Sindh departments claims on gutted records

Many of the Sindh government's departments claims on the burning of their fiscal records during post-December 27 violence appear to be aimed at shielding their financial irregularities involving millions of rupees.

Published 29 May, 2009 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 29 May, 2009 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 29 May, 2009 12:00am

Oil tops $65 a barrel

Oil tops $65 a barrel

Oil surged past $65 a barrel on Thursday to a fresh six-month high after Opec decided to keep output unchanged and government data showed a steep drop in US crude inventories. US crude oil for July delivery settled up $1.63 to $65.08 a barrel, the highest

Published 29 May, 2009 12:00am

Copper moves up

Copper moves up

Copper closed higher on Thursday as a weak dollar offset the influence of falls in stock markets but economic uncertainty ensured a lack of real direction in trade. Copper for three-months delivery on the London Metal Exchange ended at $4,755 a tonne vers

Published 29 May, 2009 12:00am

Employees hold demonstration against HBFCL privatisation

Employees hold demonstration against HBFCL privatisation

Employees of the House Building Finance Corporation Limited (HBFCL) staged a protest demonstration against its privatisation at the Karachi Press Club here on Thursday. The protesters were holding placards and wearing black bands, caps, and badges to expr

Published 29 May, 2009 12:00am

New York cotton futures higher

New York cotton futures higher

US cotton futures rose almost 1 percent on Wednesday, recovering about a quarter of the previous session losses, as technical buying helped the market rebound from oversold conditions. "There was really nothing much to pin cotton to over the last two days

Published 29 May, 2009 12:00am

Pakistan nuclear safe under command and control system: Nawaz

Pakistan nuclear safe under command and control system: Nawaz

Pakistan Muslim League-N Quaid and former Prime Minister Muhammad Nawaz Sharif on Thursday said the country's nuclear programme was safe under the command and control system and the controversy that nuclear arms would fall in the hands of terrorists shoul

Published 29 May, 2009 12:00am

SSC practical exams' date

SSC practical exams' date

The Board of Secondary Education Karachi (BSEK) on Thursday announced the fresh dates for the practicals of Physics, Biology and Computer Study of the SSC Annual Examination 2009, which could not be conducted on May 23 and 25. An announcement on Thursday

Published 29 May, 2009 12:00am

Cocoa up, sugar down in London

Cocoa up, sugar down in London

Cocoa futures on ICE rose to a seven-week high on Thursday, boosted by fund buying, while arabica coffee approached an eight month peak underpinned by a shortage of Colombian supplies, dealers said. Raw sugar prices were lower in London, however, as the m

Published 29 May, 2009 12:00am

Ministry orders inquiry against former PQA chairman

Ministry orders inquiry against former PQA chairman

Afsar Din Talpur is no more the acting chairman of Port Qasim Authority (PQA), as the federal government on Thursday ordered an inquiry against him removing him from PQA's helm. A three-member team led by Joint Secretary Ministry of Ports and Shipping Has

Published 29 May, 2009 12:00am

Export of leather products declining: former KATI chief

Export of leather products declining: former KATI chief

Former Chairman, Korangi Association of Trade and Industry (KATI), Gulzar Feroz has said that the export of leather products, including industrial gloves are fast declining due to high cost of production and reduce demand in international market.Talking t

Published 29 May, 2009 12:00am

Alleged terrorist killed, another held in shootout

Alleged terrorist killed, another held in shootout

The members of Special Investigation Unit (SIU) with the help of area police killed a terrorist and apprehended another after an encounter and recovered weapons and ammunition from their possession in Landhi in the wee hours on Thursday.

Published 29 May, 2009 12:00am

President's presence in Karachi: drastic cut in load shedding by KESC raises eyebrows

President's presence in Karachi: drastic cut in load shedding by KESC raises eyebrows

Eyebrows were raised when the Karachi Electric Supply Company (KESC), despite its persistent hue and cry about the electricity shortage, made a drastic reduction in load shedding during last few days due to, what the sources said, the presence of Presiden

Published 29 May, 2009 12:00am

Saudi Arabia may lift ban on steel exports

Saudi Arabia may lift ban on steel exports

The government of Saudi Arabia is likely to lift the ban on steel exports, according to Al-Tuwairqi Holding (ATH), Saudi largest private sector steel-maker. The ban on steel exports was imposed by the government last year in wake of the increased prices o

Published 29 May, 2009 12:00am

Criminal activities inside NICVD premises on the rise

Criminal activities inside NICVD premises on the rise

Criminal activities such as stealing of vehicles and snatching of cell phones inside the premises of the National Institute of Cardio Vascular Diseases (NICVD) are on the rise, despite security measures in and around the institute. The hospital has its ow

Published 29 May, 2009 12:00am

Tunisian envoy calls for stronger trade ties

Tunisian envoy calls for stronger trade ties

Ambassador of Tunisia, Mourad Bourehla has said that Tunisia is interested to further reinforce its bilateral trade and encourage establishment of industrial units through joint ventures with Pakistan. Speaking at a meeting of Karachi Chamber of Commerce

Published 29 May, 2009 12:00am

Orient wins CBL Media

Orient wins CBL Media

Continental Biscuits Limited (CBL), one of the largest advertisers in Pakistan has appointed Orient Advertising as their Exclusive Media Agency. CBL is one of the largest Media account in the country market. Continental Biscuits Limited (CBL) is one of th

Published 29 May, 2009 12:00am

LHC Chief Justice asks Centre and Punjab to repatriate all judicial officers

LHC Chief Justice asks Centre and Punjab to repatriate all judicial officers

Chief Justice Lahore High Court (LHC) Khawaja Muhammad Sharif here on Thursday has asked the federal and provincial government of Punjab to repatriate and relieve all the judicial officers working under their jurisdiction. The Registrar LHC has written le

Published 29 May, 2009 12:00am

Partly Facetious: if I am a Zardi you are a nawala

Partly Facetious: if I am a Zardi you are a nawala

"Reports indicate that the PPP will not field a candidate from any buy election seat from where Mian Nawaz Sharif will stand."

Published 29 May, 2009 12:00am

100 percent sanitation coverage for all by 2015: Afridi

100 percent sanitation coverage for all by 2015: Afridi

Minister for Environment, Hamidullah Jan Afridi Thursday announced that there would be 100 per cent sanitation coverage by 2015, and stressed the need to devise a three pronged strategy to achieve this target. "If you ask me to set a target for 2015, I wo

Published 29 May, 2009 12:00am

Naek and Jamali condole with Soomro

Naek and Jamali condole with Soomro

Chairman Senate Farooq H. Naek and acting Chairman Jan Mohammad Khan Jamali have expressed their deep grief and sorrow over the sad demise of notable Islamabad-based businessman Malik Sohrab. The deceased was brother-in-law of former chairman Senate Muham

Published 29 May, 2009 12:00am

Women not given due share of respect: survey

Women not given due share of respect: survey

A recent Gilani Poll conducted by Gallup Pakistan revealed that more than half of Pakistanis claim that women are not given their due share of respect as ordained in Islam. Forty percent believe that the women in the society are given high level of respec

Published 29 May, 2009 12:00am

Vast scope to export food products to Libya

Vast scope to export food products to Libya

Pakistan has vast scope to enhance export of food products to Libya which imports about 75 percent food products to fulfil its domestic requirements. This was stated by Ambassador of Pakistan in Libya, Jamil Ahmed Khan while giving a presentation to the b

Published 29 May, 2009 12:00am

Traders' leader to observe hunger strike till death

Traders' leader to observe hunger strike till death

A traders' leader Jahangir Akhtar on Thursday said he would observe hunger strike till death in front of ministries of commerce and industry if his demands were not met. Akhtar, who has started hunger strike till death at Abpara Market against unnecessary

Published 29 May, 2009 12:00am

US urged to engage with India on Kashmir

US urged to engage with India on Kashmir

A veteran American diplomat, Howard Schaffer has suggested that US should offer support to India for a permanent seat of the UN Security Council in return for New Delhi's agreeing to genuine and enforceable concessions on the Kashmir dispute.

Published 29 May, 2009 12:00am

By-polls in NA-55 on July 4

By-polls in NA-55 on July 4

Chief Election Commissioner (CEC), former Justice Qazi Muhammad Farooq on Thursday announced to hold bye-polls in National Assembly constituency NA-55 Rawalpindi-VI on July 04, 2009. This National Assembly seat had fallen vacant due to the resignation of

Published 29 May, 2009 12:00am

PAKFEA for implementing fishing ban

PAKFEA for implementing fishing ban

Pakistan Fisheries Exporters Association (PAKFEA) on Thursday appealed to the Chief Minister Sindh Syed Qaim Ali Shah to implement the June-July fishing ban so that breeding of shrimp and fish could properly take place. According to a press release of PAK

Published 29 May, 2009 12:00am

Three bridges on Old Indus Highway opened for public

Three bridges on Old Indus Highway opened for public

Keeping in view the inconvenience being faced by the citizens of Hyderabad, three bridges constructed at Phuleli, Pinyari and Lined Channel on Old Indus Highway at a cost of Rs 200 million have been opened on the directives of District Nazim Hyderabad Kan

Published 29 May, 2009 12:00am

Government offers Rs five million cash award for arrest of Maulana Fazlullah

Government offers Rs five million cash award for arrest of Maulana Fazlullah

The Government of Pakistan on Thursday offered a cash reward of five million rupees (62,250 dollars) for the arrest of radical cleric Maulana Fazlullah, the architect of a Taliban uprising in the Swat valley. The government listed names and published mug

Published 29 May, 2009 12:00am

US MIDDAY: copper gains

US MIDDAY: copper gains

US copper futures rose at the open on Thursday as investor appetite for risk grew after a batch of better-than-expected data pointed to more stability in the world's largest economy. Copper for July delivery up 3.00 cents at $2.1510 a lb by 11:09 am EDT (

Published 29 May, 2009 12:00am

US MIDDAY: gold rises

US MIDDAY: gold rises

US gold futures turned higher early on Thursday, supported by a combination of a weakened dollar, inflation concerns and background support from simmering geopolitical tensions. Gold for June delivery up $4.10 at $957.40 an ounce at 10:25 am EDT (1425 GMT

Published 29 May, 2009 12:00am

US MIDDAY: wheat up; soya and corn mixed

US MIDDAY: wheat up; soya and corn mixed

Chicago Board of Trade grains and soya complex at 12:04 am CDT (1704 GMT) on Thursday. July wheat up 9-1/2 cents per bushel at $6.35-1/4. Rallies to four-month high on fund buying, concern about reports of diseases in US winter wheat crop and slow seeding

Published 29 May, 2009 12:00am

Gold hits fresh two-month high in Europe

Gold hits fresh two-month high in Europe

Gold rose to a new two-month high of $964.95 an ounce on Thursday as the dollar lost more ground against the euro, while silver hit a fresh 9-month peak. Spot gold was bid at $964.75 an ounce at 1533 GMT, against $948.10 an ounce late in New York on Wedne

Published 29 May, 2009 12:00am

US MIDDAY: cocoa and coffee jump, sugar down

US MIDDAY: cocoa and coffee jump, sugar down

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Thursday. July arabica contract reversed up 1.20 cents to $1.3670 per lb at 11:08 am EDT (1508 GMT). Session range from at $1.3305 to $1.3715. July raw sugar contract down 0.08 cent

Published 29 May, 2009 12:00am

French military brass end first Iraq visit in 20 years

French military brass end first Iraq visit in 20 years

A French military delegation wrapped up on Thursday talks with Iraqi officials on Baghdad's purchase of French military hardware, in the first such visit in 20 years, an Iraqi defence official said. "A French military delegation made the first such visit

Published 29 May, 2009 12:00am

59 ministers sworn in to complete India's government

59 ministers sworn in to complete India's government

Indian President Pratibha Patil on Thursday administered the oaths of office to 59 new ministers, completing the formation of the United Progressiive Alliance (UPA) government The ceremony was held at the Presidential Palace in New Delhi after the allianc

Published 29 May, 2009 12:00am

Cabinet can wait says Rahul Gandhi

Cabinet can wait says Rahul Gandhi

Rahul Gandhi, heir to the Nehru-Gandhi political dynasty and widely seen as a premier-in-waiting, said Thursday he had no regrets about refusing a cabinet post in India's new government. Gandhi, the 38-year-old son of Congress president Sonia Gandhi, was

Published 29 May, 2009 12:00am

Two British soldiers among dozens killed in Afghanistan

Two British soldiers among dozens killed in Afghanistan

Two British troops and one Afghan soldier were killed in roadside bombings in southern Afghanistan while US and Afghan troops killed nearly three dozen suspected militants in a clash and airstrike in the eastern part of the country, officials said Thursda

Published 29 May, 2009 12:00am

Two more UK MPs quit over expenses scandal

Two more UK MPs quit over expenses scandal

Two more British lawmakers announced Thursday they would resign over an expenses scandal which has sent shockwaves through parliament and the government here. Margaret Moran of the ruling Labour Party and Julie Kirkbride of the main opposition Conservativ

Published 29 May, 2009 12:00am

Israel rebuffs US call to stop all settlement building

Israel rebuffs US call to stop all settlement building

Israel rebuffed a strong plea on Thursday from its close ally the United States to stop all building in Jewish settlements in the occupied West Bank. US President Barack Obama, who hopes to revive Middle East peace negotiations, was to meet Palestinian Pr

Published 29 May, 2009 12:00am

Israeli troops kill Hamas wing leader

Israeli troops kill Hamas wing leader

Israeli troops shot dead a fugitive leader of Hamas's military wing in the occupied West Bank on Thursday, Palestinian and Israeli officials said. An official in the security services of Abbas's Palestinian Authority said they had long wanted to question

Published 29 May, 2009 12:00am

US and South Korea raise military alert on North

US and South Korea raise military alert on North

South Korea and the United States raised the military alert level for the peninsula on Thursday after the communist North warned the truce ending the Korean War was dead and it was ready to attack. North Korea ramped up tensions this week with a series of

Published 29 May, 2009 12:00am

Berlin and Riyadh agree anti-terrorism pact

Berlin and Riyadh agree anti-terrorism pact

Germany and Saudi Arabia have agreed an unprecedented co-operation pact to exchange information on possible terrorists, the German embassy in Riyadh confirmed Thursday. The intelligence-sharing will encompass possible terrorist financing and money-launder

Published 29 May, 2009 12:00am

7.1 earthquake topples homes, kills four in Honduras

7.1 earthquake topples homes, kills four in Honduras

A powerful earthquake toppled more than two dozen homes in Honduras and Belize early Thursday, killing at least four people and injuring 40 as terrified residents spilled from their homes across much of Central America. The magnitude-7.1 quake struck at 2

Published 29 May, 2009 12:00am

World Cup tickets selling out fast: FIFA

World Cup tickets selling out fast: FIFA

Individual tickets for the opening match, semi-finals and final of the 2010 World Cup have sold out, according to world football's governing body FIFA. A total of 105,322 tickets in the second phase of World Cup ticket sales have been confirmed and approv

Published 29 May, 2009 12:00am

Iraq prison photos show rape by US troops: report

Iraq prison photos show rape by US troops: report

A British newspaper Thursday described photographs showing alleged abuse including rapes at the notorious Abu Ghraib jail in Iraq, which US President Barack Obama does not want to release. The pictures show US soldiers raping detainees, sexual assaults on

Published 29 May, 2009 12:00am

Federer, Venus make great escapes, Bartoli makes excuses

Federer, Venus make great escapes, Bartoli makes excuses

Roger Federer and Venus William made great French Open escapes on Thursday while 13th-seeded Frenchwoman Marion Bartoli merely made an exhausting list of excuses for her second round defeat. Second seed Federer claimed a 7-6 (10/8), 5-7, 7-6 (7/2), 6-2 wi

Published 29 May, 2009 12:00am

ICC postpones World Cup meeting with Pakistan

ICC postpones World Cup meeting with Pakistan

Cricket's world governing body has postponed a meeting with Pakistan over its decision to strip the country of its World Cup 2011 matches, a Pakistan official said Thursday. The meeting convened by the International Cricket Council (ICC) was to be held in

Published 29 May, 2009 12:00am

Rivaldo rolls back the years to put Iranians on the spot

Rivaldo rolls back the years to put Iranians on the spot

Brazilian legend Rivaldo rolled back the years as he kept his nerve to score a penalty and put Uzbek side Bunyodkor into the AFC Champions League quarter-finals. Their stunning 1-0 win away over Iranian powerhouse Piroozi late Wednesday came on a night wh

Published 29 May, 2009 12:00am

Manchester fan kills four Barca supporters

Manchester fan kills four Barca supporters

A Nigerian fan of Manchester United killed four people and injured ten others when he drove a minibus into a crowd of Barcelona supporters, Nigerian police said Thursday. The incident took place in the south-eastern town of Ogbo after Wednesday's Champion

Published 29 May, 2009 12:00am

Barcelona win third Champions League crown

Barcelona win third Champions League crown

Barcelona stunned holders Manchester United to win their third Champions League crown with a 2-0 victory here on Wednesday. Goals from star forwards Samuel Eto'o and Lionel Messi gave the Catalans a deserved victory and denied United from becoming the fir

Published 29 May, 2009 12:00am

Lauded Iraq football coach dies

Lauded Iraq football coach dies

Former Iraqi national soccer coach Emmanuel Baba Dawud, lauded as one of the country's greatest sporting figures, has died at the age of 74, hospital officials said on Thursday. Dawud, known as the Sheikh of Iraqi coaches and "Ammo Baba," died on Wednesda

Published 29 May, 2009 12:00am

Yen falls across the board

Yen falls across the board

The yen fell across the board on Thursday, plumbing to a 2-1/2 week low against the dollar as a spike in US bond yields and Moody's affirming the United States' prized triple-A rating drew Japanese investors into overseas assets.

Published 29 May, 2009 12:00am

Government mulls abrogating ban on setting up new sugar mills in Punjab

Government mulls abrogating ban on setting up new sugar mills in Punjab

The government is reportedly considering to lift the ban on establishing of new sugar mills in Punjab on the insistence of two influential personalities, official documents and sources in sugar industry and Punjab government told Business Recorder

Published 29 May, 2009 12:00am

UHS announces results

UHS announces results

University of Health Sciences (UHS) has announced the results of MBBS final year professional's supplementary examination 2008. According to the results, a total of 354 candidates of as many as 11 affiliated medical colleges appeared in the exam out of wh

Published 29 May, 2009 12:00am

LEAs told to ensure safety of National Assembly budget session

LEAs told to ensure safety of National Assembly budget session

The law enforcement agencies have been instructed to arrange special security arrangements for the security of National Assembly budget session beginning June 13. Sources told Business Recorder on Thursday that terrorist strikes in Peshawar, Lahore

Published 29 May, 2009 12:00am

Earthquake-hit areas: gender policy to be finalised soon

Earthquake-hit areas: gender policy to be finalised soon

Chairman Earthquake Reconstruction and Rehabilitation Authority (ERRA) Altaf Muhammad Saleem said here on Thursday that gender policy for earthquake affected areas would be finalised soon. He was addressing a meeting organised by ERRA in collaboration wit

Published 29 May, 2009 12:00am

Banks pull FTSE lower

Banks pull FTSE lower

Britain's leading shares fell 0.7 percent on Thursday as renewed jitters over the health of the financial sector hit banks and offset gains by heavyweight oils. At the close the FTSE 100 was 28.69 points lower at 4,387.54, snapping two sessions of gains t

Published 29 May, 2009 12:00am

Indian shares rise

Indian shares rise

Indian shares rose 1.3 percent on Thursday as short-covering on the last day of monthly derivatives and strong results from engineering conglomerate Larsen & Toubro helped shrug off tepid markets across Asia and Europe. Leading mobile operator Bharti Airt

Published 29 May, 2009 12:00am

Closing stock market indices

Closing stock market indices

Major stock markets outside the United States ended on Thursday.

Published 29 May, 2009 12:00am

Thursday's early trade: Wall Street rises

Thursday's early trade: Wall Street rises

US stocks rose on Thursday as energy and commodity shares climbed on higher oil prices and after results of a Treasury bond auction eased any fresh worries over demand for government debt Exxon Mobil Corp was one of the top boosts to the blue chip Dow Jon

Published 29 May, 2009 12:00am

New Zealand dollar gains

New Zealand dollar gains

The New Zealand dollar jumped half a cent on Thursday after rating agency Standard & Poor's revised its outlook on the currency to stable as the government unveiled its 2009/10 budget. The kiwi dropped about a quarter of a cent after the budget announced,

Published 29 May, 2009 12:00am

Thai shares flat

Thai shares flat

Thai shares closed flat on Thursday after investors stayed on the sidelines awaiting clearer signals about prospects for a global economic recovery, dealers said. The Stock Exchange of Thailand (SET) composite index edged up 0.02 points to close at 555.43

Published 29 May, 2009 12:00am

European CDS widen

European CDS widen

European credit derivative indices widened on Thursday, tracking stocks lower after new US home sales data showed weakness in the sector is still a major concern. By 1449 GMT the investment-grade Markit iTraxx Europe index was at 125 basis points, accordi

Published 29 May, 2009 12:00am

European CDS widen

European CDS widen

European credit derivative indices widened on Thursday, tracking stocks lower after new US home sales data showed weakness in the sector is still a major concern. By 1449 GMT the investment-grade Markit iTraxx Europe index was at 125 basis points, accordi

Published 29 May, 2009 12:00am

Sterling rally halts at $1.60

Sterling rally halts at $1.60

Sterling's rally stalled on Thursday after it hit several key technical levels, but most analysts said hopes the economy was bottoming out were still likely to fund further gains. On Wednesday, the pound rose above the key $1.60 level against the dollar,

Published 29 May, 2009 12:00am

Three-month bank borrowing costs fall

Three-month bank borrowing costs fall

Bank-to-bank three-month dollar borrowing costs fell on Thursday, snapping a two-day rise, but money markets remain strained and fears about counterparty risk are not far beneath the surface. Governments and central banks are slowly paring back their huge

Published 29 May, 2009 12:00am

Indian rupee ends stronger

Indian rupee ends stronger

The Indian rupee recovered from a early fall past 48 per dollar on importer demand for dollars to end stronger on Thursday as another day of gains in shares raised expectations of foreign investment inflows. The partially convertible rupee ended at 47.60/

Published 29 May, 2009 12:00am

Global newspaper sales inched up in 2008

Global newspaper sales inched up in 2008

Global newspaper sales inched up last year, contradicting gloomy predictions that dailies face extinction, as gains in Africa, Asia and Latin America offset slumps in Europe and the US, an industry group said Wednesday. Newspaper sales grew 1.3 percent wo

Published 29 May, 2009 12:00am

Power sector: exemption of duty, tariff concession to continue

Power sector: exemption of duty, tariff concession to continue

The Federal Board of Revenue (FBR) has decided to continue with the exemption of customs duty and tariff concessions available to power sector in the coming budget (2009-2010). Sources told Business Recorder on Thursday that the concessionary rates

Published 29 May, 2009 12:00am

Proclamation of emergency: CJ hints at revisiting earlier judgement

Proclamation of emergency: CJ hints at revisiting earlier judgement

Chief Justice Iftikhar Muhammad Chaudhry on Thursday hinted at revisiting an earlier judgement of the apex court which had legalised November 3, 2007 proclamation of emergency and provisional constitution order. The CJ observed this while hearing a case r

Published 29 May, 2009 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

Proclamation of emergency: CJ hints at revisiting earlier judgement

Proclamation of emergency: CJ hints at revisiting earlier judgement

Chief Justice Iftikhar Muhammad Chaudhry on Thursday hinted at revisiting an earlier judgement of the apex court which had legalised November 3, 2007 proclamation of emergency and provisional constitution order. The CJ observed this while hearing a case r

Published 29 May, 2009 12:00am

Currency values in terms of Special Drawing Rights

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 29 May, 2009 12:00am

LSE index gains 26.95 points

LSE index gains 26.95 points

Equities extended gains across the board on the Lahore Stock Exchange (LSE) on Thursday on account of fresh entries made by the private and public sector institutions that also pushed the trading volume considerably up. The LSE-28 index further increased

Published 29 May, 2009 12:00am

London Interbank Offered Rates

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

LSE index gains 26.95 points

LSE index gains 26.95 points

Equities extended gains across the board on the Lahore Stock Exchange (LSE) on Thursday on account of fresh entries made by the private and public sector institutions that also pushed the trading volume considerably up. The LSE-28 index further increased

Published 29 May, 2009 12:00am

Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

ISE equities improve

ISE equities improve

Equities showed healthy signs at Islamabad Stock Exchange (ISE) where bulls dominated the proceedings under the lead of hot favourite amid increase in the index. ISE Ten Index showed an improvement of 38.19 points, as the Index moved from 1,694.11 to 1,73

Published 29 May, 2009 12:00am

Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

Global crisis poses risk to Pakistan's economy: Fund

Global crisis poses risk to Pakistan's economy: Fund

The global financial crisis and recession pose risk to Pakistan's economy with it growth, exports, remittances and capital inflow could decline further in the next fiscal year, according to the International Monetary Fund "Regional Economic Outlook: Middl

Published 29 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 Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

Global crisis poses risk to Pakistan''s economy: Fund

Global crisis poses risk to Pakistan''s economy: Fund

The global financial crisis and recession pose risk to Pakistan''s economy with it growth, exports, remittances and capital inflow could decline further in the next fiscal year, according to the International Monetary Fund "Regional Economic Outlook: Midd

Published 29 May, 2009 12:00am

Banks' rates for currency notes (buying and selling)

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

Global crisis poses risk to Pakistan''''s economy: Fund

Global crisis poses risk to Pakistan''''s economy: Fund

The global financial crisis and recession pose risk to Pakistan''''s economy with it growth, exports, remittances and capital inflow could decline further in the next fiscal year, according to the International Monetary Fund "Regional Economic Outlook: Mi

Published 29 May, 2009 12:00am

LIBOR calculating interest on US dollar

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

Global crisis poses risk to Pakistan's economy: Fund

Global crisis poses risk to Pakistan's economy: Fund

The global financial crisis and recession pose risk to Pakistan's economy with it growth, exports, remittances and capital inflow could decline further in the next fiscal year, according to the International Monetary Fund "Regional Economic Outlook: Middl

Published 29 May, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

FBR freezes TCP accounts

FBR freezes TCP accounts

The Federal Board of Revenue (FBR) on Thursday frozen bank accounts of Trading Corporation of Pakistan (TCP) for non-payment of disputed tax of nine billion rupees, sources said. They said income tax department has sent notices to seven banks including Na

Published 29 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 Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

FBR freezes TCP accounts

FBR freezes TCP accounts

The Federal Board of Revenue (FBR) on Thursday frozen bank accounts of Trading Corporation of Pakistan (TCP) for non-payment of disputed tax of nine billion rupees, sources said. They said income tax department has sent notices to seven banks including Na

Published 29 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 Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

FBR freezes TCP accounts

FBR freezes TCP accounts

The Federal Board of Revenue (FBR) on Thursday frozen bank accounts of Trading Corporation of Pakistan (TCP) for non-payment of disputed tax of nine billion rupees, sources said. They said income tax department has sent notices to seven banks including Na

Published 29 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 Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

Third IMF tranche delayed for a month

Third IMF tranche delayed for a month

Pakistan is again going into a phase of trouble with the International Monetary Fund as its third tranche has been delayed for a month due to non-settlement of some key budget issues, says a source. Pakistan has to send its complete budget data by June 6

Published 29 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 29 May, 2009 12:00am

Third IMF tranche delayed for a month

Third IMF tranche delayed for a month

Pakistan is again going into a phase of trouble with the International Monetary Fund as its third tranche has been delayed for a month due to non-settlement of some key budget issues, says a source. Pakistan has to send its complete budget data by June 6

Published 29 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 29 May, 2009 12:00am

Healthy gains on KSE

Healthy gains on KSE

Fresh buying mainly in cement, banking, fertiliser and power sector stocks supported the KSE-100 index to close with healthy gains of 99.29 points at 7,288.13 points level on Thursday. The market opened on a positive note and the index breached the 7,300

Published 29 May, 2009 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

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Pakistan open to ‘neutral, transparent’ probe into Pahalgam attack: PM Shehbaz

Pakistan open to ‘neutral, transparent’ probe into Pahalgam attack: PM Shehbaz

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