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Nov 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-06-16
PQA handles largest container ship ever berthed in Pakistan

PQA handles largest container ship ever berthed in Pakistan

Port Qasim Authority (PQA) has achieved a landmark in shipping history of Pakistan by handling the largest container ship ever berthed in Pakistani waters. Specific arrangements were made for the berthing of vessel M.V. PUELO at the Qasim International Co
Published 16 Jun, 2009 12:00am
Punjab Assembly fully supports Army action against militants

Punjab Assembly fully supports Army action against militants

Punjab Assembly on Monday extended it full support to the Army's offensive against the militants in different areas of NWFP, by adopting a unanimously resolution. After delayed start of the first day of the budget session, PPP leader and Senior Minister R
Published 16 Jun, 2009 12:00am
'Budget dashes hopes of industrial sector'

'Budget dashes hopes of industrial sector'

The industrialists, heavily criticising the federal budget 2009-10, said that it dashed all hopes of industrial sector, because no revival package for the ailing industry has been announced nor any proposals of the sector given due consideration in the bu
Published 16 Jun, 2009 12:00am
Partial strike observed in Quetta

Partial strike observed in Quetta

Partial shutter down and wheel jam strike is being observed in Quetta and most parts of the province on the call of Baloch Students Organisation (BSO) and Baloch Republican Party (BRP) against the arrest of their leaders. The strike is being observed in Q
Published 16 Jun, 2009 12:00am
FTSE tumbles 2.6 percent

FTSE tumbles 2.6 percent

Britain's blue chip share index fell 2.6 percent on Monday to its lowest closing level in six weeks, dragged lower by commodity stocks as the firmer dollar hurt metal and crude prices. The FTSE 100 closed 115.94 points lower at 4,326.01, breaking an uptre
Published 16 Jun, 2009 12:00am
DSRA criticises imposition of refurbishment charges

DSRA criticises imposition of refurbishment charges

Defence Society Residents Association (DSRA) has always shown patience to all its members despite the fact that this afterthought on the part of Defence Housing Authority (DHA) has resulted in defective roads, which is damaging their vehicles, and has cau
Published 16 Jun, 2009 12:00am
Monday's midday trade: Wall Street falls

Monday's midday trade: Wall Street falls

US stocks sold off broadly on Monday as regional manufacturing data sparked fresh concerns about the economy's health, while sliding commodity prices hit shares of natural resource companies. Data showing manufacturing in New York state shrank in June at
Published 16 Jun, 2009 12:00am
European credit indexes widen

European credit indexes widen

European credit indexes widened on Monday, tracking a drop in US and European share markets after weak New York manufacturing data added to earlier euro zone job figures to hit prospects for an economic recovery. By 1510 GMT, the investment-grade Markit i
Published 16 Jun, 2009 12:00am
European credit indexes widen

European credit indexes widen

European credit indexes widened on Monday, tracking a drop in US and European share markets after weak New York manufacturing data added to earlier euro zone job figures to hit prospects for an economic recovery. By 1510 GMT, the investment-grade Markit i
Published 16 Jun, 2009 12:00am
Philippines shares up

Philippines shares up

Philippines share prices closed up 0.5 percent on Monday on selective buying of key issues, dealers said. The Philippine Stock Exchange composite index rose 14.05 points to close at 2,612.85, while the all-shares index rose 1.1 percent to 1,664.62. A tota
Published 16 Jun, 2009 12:00am
Philippines bonds recover

Philippines bonds recover

Philippines sovereign bonds rebounded on Monday, snapping four straight days of losses, as investor concerns about a wider budget deficit eased, while the broader market was little changed. "Philippine bonds have fallen so much in the recent sessions, so
Published 16 Jun, 2009 12:00am
Philippines bonds recover

Philippines bonds recover

Philippines sovereign bonds rebounded on Monday, snapping four straight days of losses, as investor concerns about a wider budget deficit eased, while the broader market was little changed. "Philippine bonds have fallen so much in the recent sessions, so
Published 16 Jun, 2009 12:00am
Indian shares weaken

Indian shares weaken

Indian shares fell 2.38 percent on Monday led by weak global trends as investors took profits from a three-month rally in which prices have risen nearly 90 percent, dealers said. The benchmark 30-share Sensex fell 362.42 points to 14,875.52.
Published 16 Jun, 2009 12:00am
Dollar gains in London

Dollar gains in London

The dollar gained against a basket of major currencies on Monday after Russia expressed confidence in the US currency, while concerns about the euro zone economy dented the euro. Speaking on the sidelines of a Group of Eight finance ministers in Italy, Ru
Published 16 Jun, 2009 12:00am
Sterling climbs to 2009 high

Sterling climbs to 2009 high

Sterling hit its highest level of 2009 against the euro and a basket of currencies on Monday, capitalising on optimism about the UK economy which was underlined by a forecast that growth will return in 2010. The pound rose versus the euro despite losses a
Published 16 Jun, 2009 12:00am
Dollar borrowing rates at lifetime lows

Dollar borrowing rates at lifetime lows

Bank-to-bank dollar funding costs eased again on Monday, with the three-month rate marking a new record low as credit conditions continued to improve on cautious optimism the worst of the two-year global financial crisis may be over.
Published 16 Jun, 2009 12:00am
23 insurgents killed in Afghanistan: US military

23 insurgents killed in Afghanistan: US military

The US military along with Afghan security forces backed by war planes killed nearly two dozen insurgents in a clash in southern Afghanistan at the weekend, the US side said Monday. The troops called in air support after militants attacked their patrol in
Published 16 Jun, 2009 12:00am
Indian rupee at near three-week low

Indian rupee at near three-week low

The Indian rupee dropped to its lowest since end-May on Monday as the dollar rallied sharply against majors and the domestic stock market fell more than 2 percent. The partially convertible rupee closed at 47.72/73 per dollar after hitting 48, its weakest
Published 16 Jun, 2009 12:00am
Storm kills 14 in China, thousands homeless: government

Storm kills 14 in China, thousands homeless: government

At least 14 people were killed and more than 180 others were injured in a severe hail storm that destroyed thousands of homes across eastern China's Anhui province, authorities said Monday. More than 10,000 people had to be evacuated and nearly 9,700 hous
Published 16 Jun, 2009 12:00am
Hundreds riot in China over new furniture tax

Hundreds riot in China over new furniture tax

Several hundred furniture makers blocked traffic and overturned police cars Monday in an eastern Chinese city to protest a new tax they said imposes a heavy burden on their businesses. The protest was the latest in recent months by workers and companies w
Published 16 Jun, 2009 12:00am
US air base in Kyrgyzstan starts shutting down

US air base in Kyrgyzstan starts shutting down

A US air base in Kyrgyzstan, used as a hub for operations in Afghanistan, has started to shut down and will close by mid-August as ordered by the Central Asian state, its outgoing commander said on Monday. The ex-Soviet republic gave the United States six
Published 16 Jun, 2009 12:00am
Nigerian rebels attack oil facility

Nigerian rebels attack oil facility

Nigeria's main militant group on Monday threatened to extend its attacks to offshore oil facilities after sabotaging a Chevron-operated oil pumping station in the Niger Delta. The Movement for the Emancipation of the Niger Delta (MEND) said it attacked th
Published 16 Jun, 2009 12:00am
US general assumes command in Afghanistan

US general assumes command in Afghanistan

US General Stanley McChrystal took command of nearly 90,000 US- and Nato-led troops in Afghanistan Monday, tasked with turning around the war against the Taliban as attacks reach record levels. McChrystal was appointed after his predecessor was sacked in
Published 16 Jun, 2009 12:00am
Sri Lankan military says rebel sub found

Sri Lankan military says rebel sub found

Sri Lankan troops have recovered the first submarine believed to have been used by the defeated Tamil Tiger rebels, the military said Monday. Troops found the 24-foot (7.2-metre) submersible on the coast of the north-eastern district of Mullaittivu, where
Published 16 Jun, 2009 12:00am
Nuclear agency head critical of North Korea, Iran and Syria

Nuclear agency head critical of North Korea, Iran and Syria

The head of the International Atomic Energy Agency on Monday told North Korea to end its course of nuclear confrontation. He also urged Iran to agree to Washington's offer of direct dialogue and called on Syria to cooperate with his agency's investigation
Published 16 Jun, 2009 12:00am
Mousavi rally draws huge crowds in Tehran

Mousavi rally draws huge crowds in Tehran

Many tens of thousands of Iranians chanted support for Mirhossein Mousavi in Tehran on Monday after a presidential election they say was stolen from him and handed to the hard-line incumbent, Mahmoud Ahmadinejad.
Published 16 Jun, 2009 12:00am
Seven foreign hostages found dead in Yemen

Seven foreign hostages found dead in Yemen

Seven out of nine foreign hostages including a child were found murdered in northern Yemen on Monday, security officials said. "We have found the corpses of seven people who were kidnapped," a local security official said. "They were killed." Two of the t
Published 16 Jun, 2009 12:00am
Intelligence detains two Afghan reporters

Intelligence detains two Afghan reporters

Afghanistan's intelligence agency has detained two Afghan producers working for Al-Jazeera television without an explanation, the Doha-based satellite station said Monday. English service producer Qais Azimi was told to report to the offices of the Nation
Published 16 Jun, 2009 12:00am
Mumbai attacks trial: photographer recalls carnage

Mumbai attacks trial: photographer recalls carnage

A newspaper photographer told a court Monday how he came face to face with two of the Mumbai attacks gunmen as they brought carnage to the city's main railway station. Sebastian D'Souza said he had been heading to the Taj Mahal Hotel on the evening of Nov
Published 16 Jun, 2009 12:00am
Lebanon charges two colonels for working with Israel

Lebanon charges two colonels for working with Israel

A military prosecutor charged two Lebanese army colonels on Monday with collaborating with Israel, raising the number of suspects arraigned in the past few weeks to more than 50, a court official said. Military prosecutor Saqr Saqr charged the two, who we
Published 16 Jun, 2009 12:00am
No decision yet on Pakistan's World Cup venues: ICC

No decision yet on Pakistan's World Cup venues: ICC

The International Cricket Council said on Monday no agreement had been reached on where Pakistan will hold its World Cup matches in February-March 2011. "No decision has been made yet," ICC president David Morgan told a media briefing after a meeting with
Published 16 Jun, 2009 12:00am
Nadal hoping for Wimbledon warm-up at Hurlingham event

Nadal hoping for Wimbledon warm-up at Hurlingham event

Rafael Nadal will warm up for the defence of his Wimbledon title at an exhibition tournament at the Hurlingham Club in London later this week - provided his recovery from a knee injury is going well enough. "I have kindly been invited to play the traditio
Published 16 Jun, 2009 12:00am
Lakers defeat Magic 99-86 to win the title

Lakers defeat Magic 99-86 to win the title

The Los Angeles Lakers captured their 15th championship and first since 2002 with a 99-86 victory over the Orlando Magic in Game Five of the NBA Finals on Sunday. Los Angeles won the best-of-seven series 4-1, giving coach Phil Jackson his record 10th titl
Published 16 Jun, 2009 12:00am
FOTA faction seeking to derail agreement, says FIA

FOTA faction seeking to derail agreement, says FIA

Formula One's governing body has accused an 'element' within the teams' association FOTA of seeking to scupper attempts to secure the future of the crisis-hit sport. The International Automobile Federation (FIA) said in a statement on Monday that it felt
Published 16 Jun, 2009 12:00am
We can be champions: Pakistan

We can be champions: Pakistan

Pakistan believe they will be crowned World Twenty20 champions after easing towards the semi-finals with a 39-run win over Ireland at the Oval on Monday. Pakistan were runners-up to bitter rivals India at the 2007 tournament, but insist they now have the
Published 16 Jun, 2009 12:00am
England knock India out of World Twenty20

England knock India out of World Twenty20

Defending champions India bowed out of the World Twenty20 after losing to hosts England by three runs in a key Super Eights match at a packed Lord's here on Sunday. India restricted England to 153-7 after electing to field in good batting conditions, but
Published 16 Jun, 2009 12:00am
New Zealand sweat on McCullum injury

New Zealand sweat on McCullum injury

Injury-plagued New Zealand are sweating on the fitness of big-hitting Brendon McCullum ahead of their must-win World Twenty20 Super Eights clash with unbeaten Sri Lanka on Tuesday. McCullum has torn ligaments in the little finger on his left hand, an inju
Published 16 Jun, 2009 12:00am
Indian media slams team for failure

Indian media slams team for failure

Millions of cricket-crazy fans in India woke up Monday to disbelief and dismay after the defending champions were knocked out of the World Twenty20 by England. The defeat at Lord's - by just three runs - meant India, who won the inaugural 2007 edition in
Published 16 Jun, 2009 12:00am
Pakistan end Ireland's Twenty20 adventure

Pakistan end Ireland's Twenty20 adventure

Pakistan ended Ireland's slim hopes of qualifying for the World Twenty20 semi-finals with a 39-run victory at the Oval here on Monday. Pakistan made 159 for five and then held Ireland - the only non-Test side to have qualified for the second round Super E
Published 16 Jun, 2009 12:00am
Lucky Brazil win with last gasp penalty

Lucky Brazil win with last gasp penalty

Underdogs Egypt shook five-times world champions Brazil at the Confederations Cup on Monday but finally succumbed 4-3 when Kaka converted a penalty in time added on for stoppages. African champions Egypt had fought back from two goals down to level at 3-3
Published 16 Jun, 2009 12:00am
PFF approves lucrative awards for women club event

PFF approves lucrative awards for women club event

Pakistan Football Federation (PFF) has approved handsome money for the participating clubs of the IInd National Women Club Championship being staged from 23rd to 30th June 2009. PFF has distributed nearly Rs 20 million as prize money amongst players durin
Published 16 Jun, 2009 12:00am
Swiss input prices post biggest drop since 1986

Swiss input prices post biggest drop since 1986

Swiss input prices fell at the fastest rate in more than two decades in May and a business association cut its growth forecast, underlining the national bank's dilemma in fighting the deepest recession in decades. The Swiss National Bank is expected to le
Published 16 Jun, 2009 12:00am
Japan's SMFG to raise $9.4 billion via share sale

Japan's SMFG to raise $9.4 billion via share sale

Sumitomo Mitsui Financial Group, Japan's third-largest bank, set its planned share sale at $9.4 billion on Monday, a record for a Japanese financial firm and driven by the recent rebound in global financial stocks. The strong demand from domestic and over
Published 16 Jun, 2009 12:00am
Japan's SMFG to raise $9.4 billion via share sale

Japan's SMFG to raise $9.4 billion via share sale

Sumitomo Mitsui Financial Group, Japan's third-largest bank, set its planned share sale at $9.4 billion on Monday, a record for a Japanese financial firm and driven by the recent rebound in global financial stocks. The strong demand from domestic and over
Published 16 Jun, 2009 12:00am
Euro zone employment logs record fall in first quarter

Euro zone employment logs record fall in first quarter

The 16-country euro zone lost a record 1.22 million jobs in the first quarter of 2009, data showed on Monday, highlighting the depth of recession and boding ill for any quick turnaround. The number of employed fell 0.8 percent in the first three months ag
Published 16 Jun, 2009 12:00am
ILO puts jobs at heart of summit on economic crisis

ILO puts jobs at heart of summit on economic crisis

The International Labour Organisation called on Monday for urgent measures to save jobs, at the opening of a summit on the economic crisis marked by fears that unemployment could soar by up to 59 million world-wide. "The world cannot afford to wait for un
Published 16 Jun, 2009 12:00am
Gulf banks more exposed to Saad, AHAB: central banks

Gulf banks more exposed to Saad, AHAB: central banks

Gulf Arab banks have more exposure to two struggling Saudi family groups than previously thought, two central bankers said on Monday, the latest setback for lenders recovering from a regional liquidity crunch. Oman's central bank chief raised the spectre
Published 16 Jun, 2009 12:00am
IMF says Sweden's monetary policy is appropriate

IMF says Sweden's monetary policy is appropriate

The International Monetary Fund (IMF) said on Monday Sweden's monetary policy was appropriate as it forecast a 6 percent contraction of the Nordic country's export-dependent economy this year. The IMF said inflationary pressures in Sweden had eased since
Published 16 Jun, 2009 12:00am
Insurers to pay Air France 67.4 million euros for crash

Insurers to pay Air France 67.4 million euros for crash

Air France is to receive an insurance cheque of 67.4 million euros (93.4 million dollars) for the loss of its Airbus A330 over the Atlantic, one of its insurers said on Monday. The crashed aircraft was covered by several insurers including Axa Corporate S
Published 16 Jun, 2009 12:00am
Detroit summit seeks new economic vision

Detroit summit seeks new economic vision

A summit seeking a new economic agenda for America kicks off Monday, with debate among a broad array of leaders aiming to find ways to maintain US leadership and competitiveness. The three-day summit "is a bold new initiative to help reimagine, rebuild an
Published 16 Jun, 2009 12:00am
IMF chief says much to be done for global recovery

IMF chief says much to be done for global recovery

Governments and banks have much yet to do to ensure the global economy begins to recover at the start of next year, the International Monetary Fund chief Dominique Strauss-Kahn said on Monday. Finance ministers of the Group of Eight nations agreed over th
Published 16 Jun, 2009 12:00am
US Treasury's Geithner says rebound will take time

US Treasury's Geithner says rebound will take time

US Treasury Secretary Timothy Geithner on Monday said the financial system was beginning to thaw but any renewed pick-up in the economy would likely be slower than usual. The United States is experiencing its worst recession in more than a half century, o
Published 16 Jun, 2009 12:00am
New York Fed manufacturing slump deepens in June

New York Fed manufacturing slump deepens in June

The slumping factory sector in New York state shrank at a more severe rate in June than during the previous month, the New York Federal Reserve said in a report on Monday. The New York Fed's "Empire State" general business conditions index fell to minus 9
Published 16 Jun, 2009 12:00am
Maoist strike disrupts life in Kathmandu and west Nepal

Maoist strike disrupts life in Kathmandu and west Nepal

A one-day general strike called by the Maoists Monday disrupted normal life in the Nepalese capital Kathmandu and in several districts in west Nepal.The Maoists called the general strike in Kathmandu to protest the alleged murder of their local leader and
Published 16 Jun, 2009 12:00am
Nokia eyes Asia's untapped markets with new phone line-up

Nokia eyes Asia's untapped markets with new phone line-up

Nokia, the world's biggest phone maker, on Monday signalled its intention to stay ahead of its rivals in Asia with a new range of handsets aimed at the region's increasingly tech-savvy consumers. An estimated 1.8 million people world-wide become mobile ph
Published 16 Jun, 2009 12:00am
Yuan slips versus dollar

Yuan slips versus dollar

The yuan ended slightly lower against the dollar on Monday as a global dollar rise offset China's better-than-expected foreign direct investment (FDI) data for May. The Commerce Ministry on Monday said China drew $6.4 billion in FDI in May, down 17.8 perc
Published 16 Jun, 2009 12:00am
Asian currencies fall

Asian currencies fall

The Philippine peso retreated to a six-week low on Monday on concerns about the country's economic outlook, while the Indonesian rupiah fell as investors took profits from a recent local bond rally. Asian currencies fell against the dollar, which firmed b
Published 16 Jun, 2009 12:00am
Taiwan dollar at one-month low

Taiwan dollar at one-month low

The Taiwan dollar weakened on Monday to a one-month closing low on importer deals and fund outflows and as interbank dealers sold the local currency to cover their short positions on the greenback. The Taiwan dollar closed at an intraday low of T$32.940,
Published 16 Jun, 2009 12:00am
Dollar up

Dollar up

The dollar rose broadly on Monday as investors took profits on other major currencies which had climbed to multi-month highs on hopes for a recovery in the global economy. Some traders said a cautious tone from policy makers who gathered at a Group of Eig
Published 16 Jun, 2009 12:00am
Australian dollar extends retreat

Australian dollar extends retreat

The Australian dollar fell over a cent on Monday, dragged down by weaker stock markets, a stronger US dollar and lacklustre commodity prices. The Aussie fell to $0.8026, down over a cent from $0.8153 seen here late Friday. It tumbled in the last hour of l
Published 16 Jun, 2009 12:00am
Swiss franc down

Swiss franc down

The Swiss franc weakened against the dollar as markets looked towards the Swiss National Bank rate decision and policy update on Thursday. Data due on Monday expected to show a steep decline in Swiss producer and import prices were not likely to have a si
Published 16 Jun, 2009 12:00am
Hong Kong dollar modestly higher

Hong Kong dollar modestly higher

The Hong Kong dollar inched higher against the US dollar on Monday but some traders said there was buying interest in both currencies, confining the Hong Kong currency to a tight range between 7.7500 and 7.7506 to the US dollar. It was quoted at 7.7505/06
Published 16 Jun, 2009 12:00am
South Korean won down

South Korean won down

The South Korean won extended its slide against the dollar into a third consecutive session due to the US unit's global strength and as foreign investors turned net sellers of local stocks. The won ended local trade at 1,261.7/2.1 per dollar, compared wit
Published 16 Jun, 2009 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares fell on Monday, led by banking issues such as Hana Financial Group, with renewed concerns about growing tension in North Korea adding further pressure to the shares. The Korea Composite Stock Price Index (KOSPI) finished down 1.13 percent at
Published 16 Jun, 2009 12:00am
Taiwan sells 10-year bonds

Taiwan sells 10-year bonds

Taiwan auctioned 10-year treasury bonds at a yield of 1.63 percent, the central bank said on Monday, which was lower than expectations as a result of active demand from banks and insurers that were flush with liquidity. Bond dealers said they expected no
Published 16 Jun, 2009 12:00am
Taiwan sells 10-year bonds

Taiwan sells 10-year bonds

Taiwan auctioned 10-year treasury bonds at a yield of 1.63 percent, the central bank said on Monday, which was lower than expectations as a result of active demand from banks and insurers that were flush with liquidity. Bond dealers said they expected no
Published 16 Jun, 2009 12:00am
Malaysian shares up

Malaysian shares up

Malaysian shares closed up 0.1 percent on Monday due to investors buying selective blue chips, dealers said. The Kuala Lumpur Composite Index gained 1.02 points to 1,091.17. Losers outnumbered gainers 607 to 193. Dealers said volume was moderate at 1.92 b
Published 16 Jun, 2009 12:00am
The Weather

The Weather

The weather report on Monday (June 15, 2009) and the forecast for Tuesday (June 16, 2009).

Published 16 Jun, 2009 12:00am
Borse Dubai has no plans to sell LSE stake

Borse Dubai has no plans to sell LSE stake

Borse Dubai has no plans to sell its stake in the London Stock Exchange Group and does not rule out increasing it, its chairman told Reuters in an interview. Borse Dubai, which is wholly owned by the government of Dubai, holds a 21 percent stake in the LS
Published 16 Jun, 2009 12:00am
Rs 327 billion Sindh budget shows Rs 16.8 billion deficit

Rs 327 billion Sindh budget shows Rs 16.8 billion deficit

Sindh Chief Minister Qaim Ali Shah on Monday unveiled in Sindh Assembly Rs 327.182 billion budget for fiscal year 2009-10, marking "a big" deficit of Rs 16.84 billion. The proposed budget showed an increase of 22 percent against the current fiscal year's
Published 16 Jun, 2009 12:00am
Thai share lower

Thai share lower

The Thai stock market fell 2.65 percent on Monday due to profit taking after recent gains, an analyst said. The Stock Exchange of Thailand (SET) composite index lost 16.63 points to close at 611.92, and the blue chip SET-50 index was down 12.83 points to
Published 16 Jun, 2009 12:00am
Rs 327 billion Sindh budget shows Rs 16.8 billion deficit

Rs 327 billion Sindh budget shows Rs 16.8 billion deficit

Sindh Chief Minister Qaim Ali Shah on Monday unveiled in Sindh Assembly Rs 327.182 billion budget for fiscal year 2009-10, marking "a big" deficit of Rs 16.84 billion. The proposed budget showed an increase of 22 percent against the current fiscal year's
Published 16 Jun, 2009 12:00am
New Zealand shares rise

New Zealand shares rise

New Zealand shares closed 0.55 percent higher on Monday with communications firm Telecom leading the way in a mixed market, dealers said. The NZX-50 index rose 15.33 points to close at 2,825.16 on turnover worth 79.8 million dollars (50.9 million US). The
Published 16 Jun, 2009 12:00am
Rs 327 billion Sindh budget shows Rs 16.8 billion deficit

Rs 327 billion Sindh budget shows Rs 16.8 billion deficit

Sindh Chief Minister Qaim Ali Shah on Monday unveiled in Sindh Assembly Rs 327.182 billion budget for fiscal year 2009-10, marking "a big" deficit of Rs 16.84 billion. The proposed budget showed an increase of 22 percent against the current fiscal year''s
Published 16 Jun, 2009 12:00am
JGBs inch up

JGBs inch up

Japanese government bond prices edged up on Monday, buoyed after US Treasuries extended gains following the successful absorption of new debt the previous week and as Tokyo's Nikkei stock average sagged. US Treasuries rallied on Friday, pulling benchmark
Published 16 Jun, 2009 12:00am
Rs 327 billion Sindh budget shows Rs 16.8 billion deficit

Rs 327 billion Sindh budget shows Rs 16.8 billion deficit

Sindh Chief Minister Qaim Ali Shah on Monday unveiled in Sindh Assembly Rs 327.182 billion budget for fiscal year 2009-10, marking "a big" deficit of Rs 16.84 billion. The proposed budget showed an increase of 22 percent against the current fiscal year'''
Published 16 Jun, 2009 12:00am
Jakarta shares sag

Jakarta shares sag

Indonesian shares ended 1.01 percent lower on Monday on profit-taking in most commodity-related stocks as oil prices dipped, dealers said. The Jakarta Composite Index lost 21.06 points to 2,069.87 in moderate volume. Coal miner Bumi Resources slid 5.6 per
Published 16 Jun, 2009 12:00am
Rs 90 billion earmarked for ADP

Rs 90 billion earmarked for ADP

On Monday in the provincial fiscal budget Sindh government has earmarked Rs 90 billion for Annual Development Programme (ADP) in the budget 2009-10, which is 34 percent higher than the revised development budget for outgoing fiscal year 2008-2009.
Published 16 Jun, 2009 12:00am
JGBs inch up

JGBs inch up

Japanese government bond prices edged up on Monday, buoyed after US Treasuries extended gains following the successful absorption of new debt the previous week and as Tokyo's Nikkei stock average sagged. US Treasuries rallied on Friday, pulling benchmark
Published 16 Jun, 2009 12:00am
Rs 90 billion earmarked for ADP

Rs 90 billion earmarked for ADP

On Monday in the provincial fiscal budget Sindh government has earmarked Rs 90 billion for Annual Development Programme (ADP) in the budget 2009-10, which is 34 percent higher than the revised development budget for outgoing fiscal year 2008-2009.
Published 16 Jun, 2009 12:00am
China stocks up; Hong Kong shares down

China stocks up; Hong Kong shares down

Hong Kong shares shed 2.1 percent on Monday, snapping a three-session winning streak, knocked down by lower energy prices and profit taking after the main index hit a nine-month high last week. Chinese stocks rose 1.67 percent, with bank shares strong as
Published 16 Jun, 2009 12:00am
Rs 90 billion earmarked for ADP

Rs 90 billion earmarked for ADP

On Monday in the provincial fiscal budget Sindh government has earmarked Rs 90 billion for Annual Development Programme (ADP) in the budget 2009-10, which is 34 percent higher than the revised development budget for outgoing fiscal year 2008-2009.
Published 16 Jun, 2009 12:00am
Singapore shares tumble

Singapore shares tumble

Singapore shares closed 2.55 percent lower on Monday as there were few fresh leads to spark interest, said dealers. The blue chip Straits Times Index (STI) lost 60.51 points to 2,316.56. Volume totalled 1.95 billion shares worth 1.37 billion Singapore dol
Published 16 Jun, 2009 12:00am
Carbon surcharge on JP-4, JP-8: MoF clarification sought

Carbon surcharge on JP-4, JP-8: MoF clarification sought

The Petroleum Ministry has sought an explanation from Finance Ministry regarding replacement of petroleum development levy (PDL) with carbon surcharge on two petroleum products-JP-4 and JP-8. The government is currently charging Rs 3 per litre PDL on JP-4
Published 16 Jun, 2009 12:00am
Nikkei off last week's eight-month high

Nikkei off last week's eight-month high

Japan's Nikkei stock average fell nearly 1 percent on Monday, dragged lower by chipmakers after disappointing guidance from a US peer and as investors booked profits after the Nikkei hit an eight-month high last week. But falls were checked by gains in pr
Published 16 Jun, 2009 12:00am
Rs 90 billion earmarked for ADP

Rs 90 billion earmarked for ADP

On Monday in the provincial fiscal budget Sindh government has earmarked Rs 90 billion for Annual Development Programme (ADP) in the budget 2009-10, which is 34 percent higher than the revised development budget for outgoing fiscal year 2008-2009.
Published 16 Jun, 2009 12:00am
Taiwan stocks drop

Taiwan stocks drop

Taiwan stocks fell 3.45 percent on Monday, their biggest daily drop in two months, as investors sold shares across the board following recent rallies, sending heavyweights such as TSMC sharply lower. The main TAIEX share index closed 222.67 points lower a
Published 16 Jun, 2009 12:00am
Carbon surcharge on JP-4, JP-8: MoF clarification sought

Carbon surcharge on JP-4, JP-8: MoF clarification sought

The Petroleum Ministry has sought an explanation from Finance Ministry regarding replacement of petroleum development levy (PDL) with carbon surcharge on two petroleum products-JP-4 and JP-8. The government is currently charging Rs 3 per litre PDL on JP-4
Published 16 Jun, 2009 12:00am
Australian shares fall

Australian shares fall

Australian share prices fell 0.75 percent on Monday as lower commodity prices dragged down the resources sector, dealers said. The benchmark S&P/ASX200 index closed down 30.5 points at 4,031.7, while the broader All Ordinaries dropped 31.1 points to 4,030
Published 16 Jun, 2009 12:00am
Carbon surcharge on JP-4, JP-8: MoF clarification sought

Carbon surcharge on JP-4, JP-8: MoF clarification sought

The Petroleum Ministry has sought an explanation from Finance Ministry regarding replacement of petroleum development levy (PDL) with carbon surcharge on two petroleum products-JP-4 and JP-8. The government is currently charging Rs 3 per litre PDL on JP-4
Published 16 Jun, 2009 12:00am
South Korean bonds gain

South Korean bonds gain

South Korean government bond prices gained on Monday after several days of sell-offs, buoyed by falling import price data and a cautious economic assessment by a top policy maker. Official data showed that import prices in May fell by the most in a decade
Published 16 Jun, 2009 12:00am
HBL out of RBS Pakistan bidding

HBL out of RBS Pakistan bidding

Habib Bank Limited (HBL) has decided not to participate in the bidding for Royal Bank of Scotland (RBS) Pakistan Limited, and has withdrawn its interest from acquisition. The HBL had expressed interest in acquisition of RBS Pakistan Limited. It was also g
Published 16 Jun, 2009 12:00am
South Korean bonds gain

South Korean bonds gain

South Korean government bond prices gained on Monday after several days of sell-offs, buoyed by falling import price data and a cautious economic assessment by a top policy maker. Official data showed that import prices in May fell by the most in a decade
Published 16 Jun, 2009 12:00am
HBL out of RBS Pakistan bidding

HBL out of RBS Pakistan bidding

Habib Bank Limited (HBL) has decided not to participate in the bidding for Royal Bank of Scotland (RBS) Pakistan Limited, and has withdrawn its interest from acquisition. The HBL had expressed interest in acquisition of RBS Pakistan Limited. It was also g
Published 16 Jun, 2009 12:00am
General behind Bangladesh's emergency regime retires

General behind Bangladesh's emergency regime retires

The chief of Bangladesh's army retired on Monday, defending his role in the military-backed regime that ruled the country for two years until January. Although General Moeen U Ahmed did not have a political position, he was seen as the most powerful man i
Published 16 Jun, 2009 12:00am
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