News Archives for Print - 2009-06-13

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 12, 2009).

Published 13 Jun, 2009 12:00am

Oil prices slid towards $72 a barrel on Friday, as investors locked in gains from a near eight-month high settlement a day ago, but stronger-than-expected China factory output and retail sales data lent support. Hopes of an economic recovery had boosted o

Published 13 Jun, 2009 12:00am

Both sides claim victory in Iran election

State media declared President Mahmoud Ahmadinejad the winner of Iran's election on Friday, but challenger Mirhossein Mousavi alleged irregularities and claimed victory for himself. The head of the state election commission said Ahmadinejad was leading Mo

Published 13 Jun, 2009 12:00am

Malaysian palm oil eases

Malaysian palm oil futures closed lower for a second straight day on Friday as worries over weak exports and a retreat in rival soybean and crude oil prices prompted long liquidation, traders said. The benchmark August contract on the Bursa Malaysia's Der

Published 13 Jun, 2009 12:00am

Both sides claim victory in Iran election

State media declared President Mahmoud Ahmadinejad the winner of Iran's election on Friday, but challenger Mirhossein Mousavi alleged irregularities and claimed victory for himself. The head of the state election commission said Ahmadinejad was leading Mo

Published 13 Jun, 2009 12:00am

Malaysian tin flat

Malaysian tin ended flat on Friday for the third successive day, despite higher offerings of 80 tons due to strong buying from European and Japanese buyers.

Published 13 Jun, 2009 12:00am

New taxation measures to increase revenue by Rs 60 billion: Federal budget today

The 2009-10 Federal budget, to be unveiled in the National Assembly on Saturday, has been widely publicised by Prime Minister's Advisor on Finance Shaukat Tarin at several forums, with a total outlay of around Rs 2.9 trillion with a projection of Rs 750 b

Published 13 Jun, 2009 12:00am

US soyabean soars

US soyabean futures on the Chicago Board of Trade soared to a fresh nine-month high on Thursday amid tight cash bean supplies with the red-hot soyameal market leading the charge to close 3.5 percent higher, traders said. July soyameal closed up $14.60 at

Published 13 Jun, 2009 12:00am

New taxation measures to increase revenue by Rs 60 billion: Federal budget today

The 2009-10 Federal budget, to be unveiled in the National Assembly on Saturday, has been widely publicised by Prime Minister's Advisor on Finance Shaukat Tarin at several forums, with a total outlay of around Rs 2.9 trillion with a projection of Rs 750 b

Published 13 Jun, 2009 12:00am

New York sugar settles mixed

Raw sugar futures settled mixed Thursday as the market extended its consolidation, with analysts saying prices may mount a challenge to their recent highs in the days ahead. The July raw sugar contract eased 0.03 cent to finish at 15.35 cents per lb. Octo

Published 13 Jun, 2009 12:00am

New taxation measures to increase revenue by Rs 60 billion: Federal budget today

The 2009-10 Federal budget, to be unveiled in the National Assembly on Saturday, has been widely publicised by Prime Minister''s Advisor on Finance Shaukat Tarin at several forums, with a total outlay of around Rs 2.9 trillion with a projection of Rs 750

Published 13 Jun, 2009 12:00am

US rice futures up

US rough rice futures on the Chicago Board of Trade rose on Thursday on spillover strength from the soy market coupled with a weaker dollar, traders said. A weak dollar makes US commodities less expensive for overseas buyers. Weekly export sales data also

Published 13 Jun, 2009 12:00am

Minimum tax on services sector to be reintroduced

The government has decided to reintroduce minimum tax on services sector in the budget to plug revenue leakage's. Insiders told Business Recorder on Friday that the decision is aimed to catch unregistered taxpayers. They said that it would also hel

Published 13 Jun, 2009 12:00am

Tokyo rubber prices down

Key Tokyo rubber futures fell 1 percent to slip below 170 yen on Friday, extending losses from the previous day, reflecting a decline in crude oil prices. The key Tokyo Commodity Exchange rubber contract for November delivery was down 2.0 yen or 1.2 perce

Published 13 Jun, 2009 12:00am

New taxation measures to increase revenue by Rs 60 billion: Federal budget today

The 2009-10 Federal budget, to be unveiled in the National Assembly on Saturday, has been widely publicised by Prime Minister''''s Advisor on Finance Shaukat Tarin at several forums, with a total outlay of around Rs 2.9 trillion with a projection of Rs 75

Published 13 Jun, 2009 12:00am

Shanghai copper down

London copper fell 1.6 percent on Friday, retreating from gains in the previous session, while Shanghai lagged behind the rally on worries over sluggish demand in summer. Metals market, together with other markets, have been encouraged by upbeat news from

Published 13 Jun, 2009 12:00am

CCP turns down banks' plea

The Competition Commission of Pakistan (CCP) has turned down banks' plea and upheld order of April 10, 2008, that Pakistan Banks Association (PBA) and seven other banks have entered prohibited agreements which effectively prevent, restrict and reduce comp

Published 13 Jun, 2009 12:00am

US copper higher

The price of copper rallied to a new eight-month high above $2.45 a lb in New York futures trade on Thursday, as record-high import levels into China, the world's top copper consumer, fed a dollar-induced-technical price breakout this week. Copper for Jul

Published 13 Jun, 2009 12:00am

Minimum tax on services sector to be reintroduced

The government has decided to reintroduce minimum tax on services sector in the budget to plug revenue leakage''s. Insiders told Business Recorder on Friday that the decision is aimed to catch unregistered taxpayers. They said that it would also he

Published 13 Jun, 2009 12:00am

World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 44.46 cents per pound, effective through June 18. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton.

Published 13 Jun, 2009 12:00am

Minimum tax on services sector to be reintroduced

The government has decided to reintroduce minimum tax on services sector in the budget to plug revenue leakage's. Insiders told Business Recorder on Friday that the decision is aimed to catch unregistered taxpayers. They said that it would also hel

Published 13 Jun, 2009 12:00am

Canadian canola futures end higher

ICE Canadian canola closed higher on Thursday amid sharp gains in US soyabeans and on exporter buying, traders said. Benchmark July canola settled $2 higher at $476 per tonne on volume of 4,722 contracts. New-crop November rose $1.80 to $478.50 on 6,678 c

Published 13 Jun, 2009 12:00am

CCP turns down banks' plea

The Competition Commission of Pakistan (CCP) has turned down banks' plea and upheld order of April 10, 2008, that Pakistan Banks Association (PBA) and seven other banks have entered prohibited agreements which effectively prevent, restrict and reduce comp

Published 13 Jun, 2009 12:00am

No business on grain, seed market

Not a single deal was seen on the wholesale grain market on Friday as almost all participants were busy in Juma prayers.

Published 13 Jun, 2009 12:00am

Zardari announces construction of cantonment in Swat

President Asif Ali Zardari has resolved that the government would continue war against terrorism and extremism and paid rich tributes to the personnel of armed forces for doing heroic job in the war for the country's survival. Addressing the nation in the

Published 13 Jun, 2009 12:00am

Cautious business on cotton market before budget

Cautious trading was seen on the cotton market on Friday as both buyers and sellers were on the sidelines ahead of federal budget 2009-10, which is expected on Saturday, dealers said. The official spot rate did not show any change at Rs 3,500; they said.

Published 13 Jun, 2009 12:00am

CCP turns down banks'' plea

The Competition Commission of Pakistan (CCP) has turned down banks'' plea and upheld order of April 10, 2008, that Pakistan Banks Association (PBA) and seven other banks have entered prohibited agreements which effectively prevent, restrict and reduce com

Published 13 Jun, 2009 12:00am

Oil cake market rates

Both the futures showed no change on the forward cottonseed oil cake market on Friday, dealers said. The July vaida commenced at Rs 985.60 and the December contract also opened at Rs 880.10, they said.

Published 13 Jun, 2009 12:00am

Naeemi among several dead after suicide bomber attacks mosque

Prominent Islamic scholar and Principal of Jamia Naeemia Dr Sarfraz Ahmed Naeemi, who is also known for having close association with PML-N chief Nawaz Sharif, and three others were killed in a suicide attack here on Friday.

Published 13 Jun, 2009 12:00am

European wheat crop outlook aided by rains in west

Much needed rains have boosted prospects for wheat crops in western Europe but drought remains a major concern in more central areas with Hungary and Romania among the hardest hit, crop analysts said on Thursday. "The wheat looks beautiful. The current ra

Published 13 Jun, 2009 12:00am

Zardari announces construction of cantonment in Swat

President Asif Ali Zardari has resolved that the government would continue war against terrorism and extremism and paid rich tributes to the personnel of armed forces for doing heroic job in the war for the country's survival. Addressing the nation in the

Published 13 Jun, 2009 12:00am

FOB Gulf soya basis soft on slow demand, corn flat

US soyabean export premiums at the Gulf of Mexico were steady to weaker on Thursday amid slow demand and in response to recent declines in CIF barge market values, traders said. Nearby soyabean barges fell 3 to 4 cents per bushel on Thursday amid rallying

Published 13 Jun, 2009 12:00am

India plans troops phase-out from IHK towns

India is to phase out the controversial presence of large numbers of its troops in occupied Kashmir, the country's home minister announced on Friday. Such a move would be the first time the armed forces have been pulled out of urban areas in the disputed

Published 13 Jun, 2009 12:00am

US Midwest soyabeans steady

Bids for soyabeans were mostly steady to weak amid relatively active farmer selling around the US Midwest on Thursday, while corn bids continued to firm, dealers said. Farmers booked old-crop soyabean sales as futures rallied due to thin soya stocks.

Published 13 Jun, 2009 12:00am

Pirates hijack German-owned ship off Oman: Nato

Suspected Somali pirates have seized a German-owned cargo ship off the coast of the Gulf Arab state of Oman, the first recorded attack in its territorial waters, NATO alliance staff said on Friday.

Published 13 Jun, 2009 12:00am

US wheat futures weak

US wheat futures closed mostly lower on Thursday as traders locked in profits following a rally early in the trading session amid plentiful supplies and weak global demand. Winter wheat futures at the Chicago Board of Trade and the Kansas City Board of Tr

Published 13 Jun, 2009 12:00am

UNHCR resolves to stay after bombing

The United Nations' refugee agency said Friday it would not pull out of Pakistan despite the killing of one of its expatriate employees in this week's Peshawar hotel bomb attack. "There is no question of pulling out," UNHCR spokesman William Splinder told

Published 13 Jun, 2009 12:00am

Egypt wheat reserves to last six months

Egypt has enough strategic wheat reserves to last six months and seizures of imported wheat have not affected consumption, state-owned newspaper al-Akhbar quoted the social solidarity minister as saying on Friday. Egypt, one of the world's biggest wheat i

Published 13 Jun, 2009 12:00am

UNHCR resolves to stay after bombing

The United Nations' refugee agency said Friday it would not pull out of Pakistan despite the killing of one of its expatriate employees in this week's Peshawar hotel bomb attack. "There is no question of pulling out," UNHCR spokesman William Splinder told

Published 13 Jun, 2009 12:00am

US corn futures end up

US corn futures closed higher on Thursday amid suport from higher soybeans and crude oil, a weak dollar and wet/cool weather in the US Midwest that is slowing emergence of the 2009 US corn crop. July was up 5-1/4 cents per bushel at $4.41.

Published 13 Jun, 2009 12:00am

L/Cs opening: SBP withdraws cash margin stipulations

The State Bank of Pakistan (SBP) on Friday announced to withdraw cash margin requirements for opening of import letter of credit (L/C), with immediate effect. Cash margin was imposed by the central bank during last calendar year in different phases with t

Published 13 Jun, 2009 12:00am

China wheat output seen eight percent

China will produce more than 122.5 million tonnes of wheat this year, an amount 8 percent above an official forecast, state media reported on Friday, citing Ministry of Agriculture. China, the world's No 1 wheat producer and consumer, completed 80 percent

Published 13 Jun, 2009 12:00am

L/Cs opening: SBP withdraws cash margin stipulations

The State Bank of Pakistan (SBP) on Friday announced to withdraw cash margin requirements for opening of import letter of credit (L/C), with immediate effect. Cash margin was imposed by the central bank during last calendar year in different phases with t

Published 13 Jun, 2009 12:00am

Canadian Wheat Board sees 18 percent less wheat

Farmers in Western Canada are expected to harvest less wheat, canola, barley and oats for the 2009/10 marketing year as cool weather and dry soils cause crop growth to lag, the Canadian Wheat Board said on Thursday.

Published 13 Jun, 2009 12:00am

L/Cs opening: SBP withdraws cash margin stipulations

The State Bank of Pakistan (SBP) on Friday announced to withdraw cash margin requirements for opening of import letter of credit (L/C), with immediate effect. Cash margin was imposed by the central bank during last calendar year in different phases with t

Published 13 Jun, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 76,523 tonnes of cargo including 51,075 tonnes of import and 25,448 tonnes of export; 3,278 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Friday. The freights comprised of 73,523 tonnes of dry car

Published 13 Jun, 2009 12:00am

Naeemi among several dead after suicide bomber attacks mosque

Prominent Islamic scholar and Principal of Jamia Naeemia Dr Sarfraz Ahmed Naeemi, who is also known for having close association with PML-N chief Nawaz Sharif, and three others were killed in a suicide attack here on Friday.

Published 13 Jun, 2009 12:00am

'I want to go home'

Much has been written and discussed about the psychological condition of IDPs. The trauma of leaving home is very severe no matter how better they are taken care of later. The level of displacement is no doubt very large and still unaccounted for.

Published 13 Jun, 2009 12:00am

Fuel adjustment surcharge for Discos on quarterly basis: amendment to Nepra Act likely

The government is likely to make amendment in National Electric Power Regulatory Authority (Nepra) Act through Finance Bill 2009-10 for passing on impact of fuel adjustment surcharge to power consumers on quarterly basis instead of monthly for Discos.

Published 13 Jun, 2009 12:00am

KARACHI CHRONICLEL: Revival of theatre in Karachi

My friend had two free tickets for the Monday show of the stage play "Main Adakara Banu Gi" ("I shall be an actress") at the National Arts Council. I reasoned: if tickets worth Rs 800 each were being given away free, it was a ploy to artificially create a

Published 13 Jun, 2009 12:00am

Fuel adjustment surcharge for Discos on quarterly basis: amendment to Nepra Act likely

The government is likely to make amendment in National Electric Power Regulatory Authority (Nepra) Act through Finance Bill 2009-10 for passing on impact of fuel adjustment surcharge to power consumers on quarterly basis instead of monthly for Discos.

Published 13 Jun, 2009 12:00am

Vision of Pakistan as a trade hub-III

Surface transport - roads: Arterial and feeder roads throughout the country built to international standards for heavy traffic loads, and their proper maintenance on ongoing basis, is a must. Unfortunately, our existing roads network is in a poor and dila

Published 13 Jun, 2009 12:00am

Four worshipers killed in Nowshera mosque bombing

Four worshipers were killed and 92 others maimed in another suicide attack on Friday prayers in a mosque in Nowshera Cantonment on Friday. The targeted mosque is situated near Supply Depot of the security forces in the cantonment area of the city. The sui

Published 13 Jun, 2009 12:00am

The art of calligraphy remains beautiful forever

Calligraphy - the decorative writing is one of the highest art forms of the Arab world. This is partly because strict Muslims disapprove of art which represents humans or living things.A contemporary definition of calligraphic practice is "the art of givi

Published 13 Jun, 2009 12:00am

Four worshipers killed in Nowshera mosque bombing

Four worshipers were killed and 92 others maimed in another suicide attack on Friday prayers in a mosque in Nowshera Cantonment on Friday. The targeted mosque is situated near Supply Depot of the security forces in the cantonment area of the city. The sui

Published 13 Jun, 2009 12:00am

Let green be the name of my valley

Many kudos to our President Asif Ali Zardari who lately seems to have developed a great interest in Karachi and its problems. Last month, while in the city, the President approved an ambitious Green Karachi Project worth Rs 22.151 billion.

Published 13 Jun, 2009 12:00am

UNSC adopts tougher North Korea sanctions

The UN Security Council voted unanimously Friday to adopt tougher sanctions targeting North Korea's atomic and ballistic missile programs, but the Stalinist state was reportedly sticking to its nuclear defiance. All 15 members endorsed a resolution sponso

Published 13 Jun, 2009 12:00am

Focus on environmental credentials

I, recall 1972, visiting beautiful valley of Swat along with my wife, which takes me to nostalgia, recalling all mountains with forest and green pasture with Swat river. I, feel sorry with present state of affairs of the valley and it gives me immense sho

Published 13 Jun, 2009 12:00am

UNSC adopts tougher North Korea sanctions

The UN Security Council voted unanimously Friday to adopt tougher sanctions targeting North Korea's atomic and ballistic missile programs, but the Stalinist state was reportedly sticking to its nuclear defiance. All 15 members endorsed a resolution sponso

Published 13 Jun, 2009 12:00am

Links of food security with domestic and global trade policies

The steep rise in prices of staple crops witnessed in recent years has no doubt benefited few poor farmers on the globe by virtue of their countries being net sellers of food crops, but emerging economic environment, generally have adversely impacted pove

Published 13 Jun, 2009 12:00am

India plans troops phase-out from IHK towns

India is to phase out the controversial presence of large numbers of its troops in occupied Kashmir, the country's home minister announced on Friday. Such a move would be the first time the armed forces have been pulled out of urban areas in the disputed

Published 13 Jun, 2009 12:00am

Kuch Tau Kaho - a plea for sanity?

Imagine enclosed in white walls of rain, a lowering white sky, glints of green foliage punctuating the whiteness, glistening off surfaces, structures horizontal, vertical, underpinned by the dark loamy blackness of the ground. Imagine a canopy of white fi

Published 13 Jun, 2009 12:00am

Punjab saved Rs eight billion from current expenditure: Kaira

Punjab has saved Rs 8 billion from the current expenditure that has helped the government to run its affairs smoothly after drop in provincial tax collection by 40 percent and Rs 14 billion reduction in federal transfers. This was stated by Punjab Finance

Published 13 Jun, 2009 12:00am

CAPITAL CULTURAL SCENE: 'Talking Rocks'- our glorious heritage

Pakistan is a land of rich cultural heritage nurtured here since time immemorial. The geographical strategic position of the land rightly titled it as the crossroad of the civilisations. Pakistan has been the abode of world's most ancient civilisations in

Published 13 Jun, 2009 12:00am

Manmohan likely to meet Zardari during SCO summit

India's prime minister will attend a regional summit in Russia next week, an official said on Friday, where he is expected to meet President Asif Ali Zardari for the first time since the Mumbai attacks. Manmohan Singh, who this week offered to meet Pakist

Published 13 Jun, 2009 12:00am

TV THOUGHTS: A Peshawar landmark badly damaged; Of rich TV anchors, Musharraf's flat in London

The federal budget for the next financial year (2009 -2010) is being announced today and it will bring to the surface of what lies ahead. It will reveal of what is there for the common man, from whose perspective the forthcoming budget has been discussed

Published 13 Jun, 2009 12:00am

Manmohan likely to meet Zardari during SCO summit

India's prime minister will attend a regional summit in Russia next week, an official said on Friday, where he is expected to meet President Asif Ali Zardari for the first time since the Mumbai attacks. Manmohan Singh, who this week offered to meet Pakist

Published 13 Jun, 2009 12:00am

SPORTS WORLD: Don't be complacent against any team

Miracles did happen especially when Pakistan played against a super-fit and committed side like the Netherlands, who had outplayed hosts England in World Twenty20 Cup opener on June 6. The Dutch were humbled by Pakistani spinners, as Shahid Afridi and Sae

Published 13 Jun, 2009 12:00am

Expected budget incentives: importers leave thousands of containers uncleared at ports

As the government is all set to unveil Budget 2009-10 today, Saturday, the ''incentives-conscious'' importers keeping up with their annual tradition, dumped thousands of loaded containers at ports. According to sources around 15,000 containers loaded with

Published 13 Jun, 2009 12:00am

BRIDGE NOTES: The delicacy of slam play

Bridge is a lot of things rolled into one and the art of good play is to identify each component that has a role to play in the context of a particular hand. Sometimes it can be a subtle endplay - at times sheer timing in the loser on loser technique. Des

Published 13 Jun, 2009 12:00am

Expected budget incentives: importers leave thousands of containers uncleared at ports

As the government is all set to unveil Budget 2009-10 today, Saturday, the 'incentives-conscious' importers keeping up with their annual tradition, dumped thousands of loaded containers at ports. According to sources around 15,000 containers loaded with d

Published 13 Jun, 2009 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 13 Jun, 2009 12:00am

Expected budget incentives: importers leave thousands of containers uncleared at ports

As the government is all set to unveil Budget 2009-10 today, Saturday, the 'incentives-conscious' importers keeping up with their annual tradition, dumped thousands of loaded containers at ports. According to sources around 15,000 containers loaded with d

Published 13 Jun, 2009 12:00am

New York cotton

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

Published 13 Jun, 2009 12:00am

Fuel adjustment surcharge for Discos on quarterly basis: amendment to Nepra Act likely

The government is likely to make amendment in National Electric Power Regulatory Authority (Nepra) Act through Finance Bill 2009-10 for passing on impact of fuel adjustment surcharge to power consumers on quarterly basis instead of monthly for Discos.

Published 13 Jun, 2009 12:00am

New York cotton

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

Published 13 Jun, 2009 12:00am

Finance Bill to make some changes in sales tax law

The Finance Bill 2009-10 would amend the Sixth Schedule of Sales Tax Act to allow sales tax exemption on import of tractors, bulldozers and combined harvesters CKD kits and their direct materials by recognised local manufacturers.

Published 13 Jun, 2009 12:00am

Karachi interbank rates

Karachi interbank rates on Friday (June 12, 2009).

Published 13 Jun, 2009 12:00am

Finance asked to revise tax target to Rs 1,390 billion

The Federal Board of Revenue (FBR) has asked the Ministry of Finance to revise the proposed target of revenue collection from Rs 1405 billion to Rs 1380-1390 billion for fiscal year 2009-10. Sources told Business Recorder on Friday that the governm

Published 13 Jun, 2009 12:00am

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 13 Jun, 2009 12:00am

Finance asked to revise tax target to Rs 1,390 billion

The Federal Board of Revenue (FBR) has asked the Ministry of Finance to revise the proposed target of revenue collection from Rs 1405 billion to Rs 1380-1390 billion for fiscal year 2009-10. Sources told Business Recorder on Friday that the governm

Published 13 Jun, 2009 12:00am

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 13 Jun, 2009 12:00am

Finance asked to revise tax target to Rs 1,390 billion

The Federal Board of Revenue (FBR) has asked the Ministry of Finance to revise the proposed target of revenue collection from Rs 1405 billion to Rs 1380-1390 billion for fiscal year 2009-10. Sources told Business Recorder on Friday that the governm

Published 13 Jun, 2009 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (June 12, 2009).

Published 13 Jun, 2009 12:00am

UN soldiers row over Congo civilian protection: Pakistanis say not their responsibility

United Nations peacekeepers are refusing to patrol a zone in eastern Congo, leaving tens of thousands of civilians vulnerable to massacres, rapes and looting by gunmen, officials and witnesses said. The civilians, under attack from Rwandan Hutu rebels, ar

Published 13 Jun, 2009 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (June 12, 2009).

Published 13 Jun, 2009 12:00am

UN soldiers row over Congo civilian protection: Pakistanis say not their responsibility

United Nations peacekeepers are refusing to patrol a zone in eastern Congo, leaving tens of thousands of civilians vulnerable to massacres, rapes and looting by gunmen, officials and witnesses said. The civilians, under attack from Rwandan Hutu rebels, ar

Published 13 Jun, 2009 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (June 12, 2009).

Published 13 Jun, 2009 12:00am

SBP to rescue BoP with Rs 10 billion bridge financing

The State Bank of Pakistan (SBP) is to rescue the Bank of Punjab (BoP) by providing Rs 10 billion as bridge financing, as the bank has been unable to comply with the regulatory Capital Adequacy Requirement (CAR) of 9 percent as on December 31, 2008, sourc

Published 13 Jun, 2009 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (June 12, 2009).

Published 13 Jun, 2009 12:00am

SBP to rescue BoP with Rs 10 billion bridge financing

The State Bank of Pakistan (SBP) is to rescue the Bank of Punjab (BoP) by providing Rs 10 billion as bridge financing, as the bank has been unable to comply with the regulatory Capital Adequacy Requirement (CAR) of 9 percent as on December 31, 2008, sourc

Published 13 Jun, 2009 12:00am

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 Friday (June 12, 2009).

Published 13 Jun, 2009 12:00am

Finance Bill to make some changes in sales tax law

The Finance Bill 2009-10 would amend the Sixth Schedule of Sales Tax Act to allow sales tax exemption on import of tractors, bulldozers and combined harvesters CKD kits and their direct materials by recognised local manufacturers.

Published 13 Jun, 2009 12:00am

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 (June 12, 2009).

Published 13 Jun, 2009 12:00am

Finance Bill to make some changes in sales tax law

The Finance Bill 2009-10 would amend the Sixth Schedule of Sales Tax Act to allow sales tax exemption on import of tractors, bulldozers and combined harvesters CKD kits and their direct materials by recognised local manufacturers.

Published 13 Jun, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (June 12, 2009).

Published 13 Jun, 2009 12:00am

SBP to rescue BoP with Rs 10 billion bridge financing

The State Bank of Pakistan (SBP) is to rescue the Bank of Punjab (BoP) by providing Rs 10 billion as bridge financing, as the bank has been unable to comply with the regulatory Capital Adequacy Requirement (CAR) of 9 percent as on December 31, 2008, sourc

Published 13 Jun, 2009 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 12, 2009).

Published 13 Jun, 2009 12:00am

Index sheds 35.65 points

The deteriorating law and order situation in various parts of the country forced the investors to offload their holdings in the second session and the index declined by 35.65 points to close at 7,056.31 points level on Friday. The market opened on a posit

Published 13 Jun, 2009 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (June 12, 2009).

Published 13 Jun, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 6	277.92
USD PKR Interbank Buying / Nov 6	277.72
USD to Japanese Yen / Nov 6	153.43
USD to Swiss Franc / Nov 6	0.87
Pound Sterling to USD / Nov 6	1.29
Euro to USD / Nov 6	1.08

Stock	Volume
S&P 500 / Nov 5	5,782.76
Nasdaq / Nov 5	18,439.17
Dow Jones / Nov 5	41,221.88
India Sensex / Nov 6	79,841.86
Tokyo Nikkei / Nov 6	39,303.01
Hang Seng / Nov 6	20,407.15
FTSE 100 / Nov 6	8,284.30
Germany DAX 30 / Nov 6	19,412.80

Item	Value
Gold 10 Grams PKR / Nov 5	242,798
Petrol/Litre / Nov 6	248.38
Crude Oil USD/Barrel / Nov 6	71.12
Karachi Cotton PKR/37.32 KG / Nov 6	18,285
Gold Spot USD/Ounce / Nov 6	2,742.04
Diesel/Litre / Nov 6	255.14

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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