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Nov 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-06-19
Thai share prices slip

Thai share prices slip

The Thai stock market fell 2.68 percent on Thursday in line with Wall Street and regional markets as investors worried about the downgrading of 22 US banks, an analyst said. The Stock Exchange of Thailand (SET) composite index dropped 15.71 points to clos
Published 19 Jun, 2009 12:00am
US Treasury prices curbed

US Treasury prices curbed

Longer-dated US Treasuries ended Wednesday's session with losses as stock market gains put the brakes on the longest rally in bonds since the Federal Reserve announced its direct purchase program in March. The market had been on an upswing in recent days
Published 19 Jun, 2009 12:00am
US Treasury prices curbed

US Treasury prices curbed

Longer-dated US Treasuries ended Wednesday's session with losses as stock market gains put the brakes on the longest rally in bonds since the Federal Reserve announced its direct purchase program in March. The market had been on an upswing in recent days
Published 19 Jun, 2009 12:00am
Singapore shares slump

Singapore shares slump

Singapore shares fell for the sixth straight trading day on Thursday, closing 1.51 percent lower as traders looked for fresh leads in a lacklustre market, dealers said. The blue chip Straits Times Index tumbled 34.25 points to 2,237.20 on volume of 1.68 b
Published 19 Jun, 2009 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares fell on Thursday led by key exporters including POSCO and Hynix on brewing earnings worries, but casualty insurers including Hyundai Marine & Fire gained. The Korea Composite Stock Price Index (KOSPI) finished down 1.11 percent at 1,375.76 po
Published 19 Jun, 2009 12:00am
Nasdaq advances with technologies

Nasdaq advances with technologies

Technology shares buoyed the Nasdaq on Wednesday after positive broker comments on Qualcomm, but financial shares' losses held back the Dow and the S&P 500. Banks were hurt by a broad debt ratings downgrade from Standard & Poor's and uncertainty over the
Published 19 Jun, 2009 12:00am
Chinese shares close up

Chinese shares close up

Chinese shares on Thursday closed up 1.56 percent at a near 11-month high, led by heavyweight banks and oil majors on speculation that Beijing may step in to lend support, dealers said. The Shanghai Composite Index, which covers A and B shares, was up 43.
Published 19 Jun, 2009 12:00am
Taiwan stocks decline

Taiwan stocks decline

Taiwan stocks fell 0.83 percent on Thursday in light trading, hitting a 1-1/2-month closing low, with DRAM maker Powerchip sliding ahead of the outcome from bond negotiations with investors later in the day. The main TAIEX share index closed 51.38 points
Published 19 Jun, 2009 12:00am
Hong Kong shares drop

Hong Kong shares drop

Hong Kong share prices closed 1.70 percent lower on Thursday, as falls in financial firms extended the market's recent correction, dealers said. The benchmark Hang Seng Index closed down 307.94 points at 17,776.66, its fourth consecutive drop. Turnover wa
Published 19 Jun, 2009 12:00am
Philippines shares slump

Philippines shares slump

Philippines share prices closed 0.31 percent lower on Thursday as last-minute selling offset early gains, dealers said. The Philippine Stock Exchange composite index shed 7.49 points to close at 2,434.26 while the all-shares index shed 0.10 percent, or 1.
Published 19 Jun, 2009 12:00am
Japan's manufacturers grow less gloomy

Japan's manufacturers grow less gloomy

Japanese manufacturers have grown much less gloomy about business over the last month, a Reuters poll showed, but consumer reluctance to spend has reinforced concerns the recovery from a deep recession will be slow. The survey may point to a healthy rebou
Published 19 Jun, 2009 12:00am
India's WPI falls for first time in three decades

India's WPI falls for first time in three decades

India's wholesale price index fell in early June on an annual basis for the first time in at least three decades, but analysts said this did not signal a weakening economy and would not prod the central bank to cut rates further. The central bank and anal
Published 19 Jun, 2009 12:00am
New Zealand shares rise

New Zealand shares rise

New Zealand shares closed 0.73 percent higher on Thursday following gains in market leaders Telecom and Fletcher Building, dealers said. The NZX-50 index rose 20.20 points to 2,798.24 on turnover worth 144 million dollars (90.7 million US). The number of
Published 19 Jun, 2009 12:00am
Latvian unions protest against budget cuts

Latvian unions protest against budget cuts

Several thousand people protested on Thursday against harsh Latvian budget cuts needed to win more international loans, and the president said politicians in the ex-Soviet nation had to learn from past economic mistakes. The president and prime minister a
Published 19 Jun, 2009 12:00am
Oil at $70 fine for economy: Opec president

Oil at $70 fine for economy: Opec president

Opec president Angola said on Thursday the group will not need to carry out more cuts in 2009 if oil prices remain at current levels and that a price of $70 to $75 per barrel of oil is positive for the global economy. Angolan Oil Minister Jose Botelho de
Published 19 Jun, 2009 12:00am
Savers' suit could break Brazilian banks

Savers' suit could break Brazilian banks

Legal action by Brazilian depositors demanding compensation for the impact of past economic plans could drive some banks to insolvency, a local newspaper said on Thursday, citing a central bank document. The Federal Supreme Court is weighing depositors' a
Published 19 Jun, 2009 12:00am
SNB seeks tough bank rules, renews recession fight

SNB seeks tough bank rules, renews recession fight

The Swiss National Bank called on Thursday for rules allowing drastic action on the nation's dominant banks if their problems threatened the entire economy, and renewed measures to fight recession and fend off deflation. Switzerland's two top banks, UBS a
Published 19 Jun, 2009 12:00am
Green shoots in US jobs, factories and indicators

Green shoots in US jobs, factories and indicators

More green shoots of recovery sprouted in the US labour market, according to the latest data, while the slumping factory sector showed dramatic signs of improvement and a gauge of the overall economy also jumped. The number of US workers filing new claims
Published 19 Jun, 2009 12:00am
Weak data tarnishes UK's recovery story

Weak data tarnishes UK's recovery story

British retail sales fell in May, major lenders have slashed credit lines to firms and export demand slumped at its sharpest rate in more than a decade, taking the shine off recent optimism about economic recovery. There have been signs Britain could emer
Published 19 Jun, 2009 12:00am
Pilots union backs pay cuts at British Airways

Pilots union backs pay cuts at British Airways

A pilots union on Friday called on members at British Airways to accept pay cuts and productivity concessions to save the troubled carrier 26 million pounds ($42.2 million) a year. In return, pilots would be offered shares of BA stock if the company achie
Published 19 Jun, 2009 12:00am
US eases technology transfer for GE India

US eases technology transfer for GE India

General Electric's India unit will be the first Indian company to benefit from a US government program to facilitate high-technology trade, GE said Thursday. The program gives GE's India unit a standing license to import sensitive goods and technology, in
Published 19 Jun, 2009 12:00am
Pilots union backs pay cuts at British Airways

Pilots union backs pay cuts at British Airways

A pilots union on Friday called on members at British Airways to accept pay cuts and productivity concessions to save the troubled carrier 26 million pounds ($42.2 million) a year. In return, pilots would be offered shares of BA stock if the company achie
Published 19 Jun, 2009 12:00am
TSMC to hire 30 percent more R&D engineers in 2009

TSMC to hire 30 percent more R&D engineers in 2009

TSMC, the world's biggest contract chipmaker, on Thursday said it intends to hire about 30 percent more R&D engineers as part of its effort to move up the technology ladder. Jason Chen, a company vice-president in charge of global sales and marketing, tol
Published 19 Jun, 2009 12:00am
China slams ADB over India funding

China slams ADB over India funding

China angrily denounced Thursday the approval by the Asian Development Bank of a 2.9-billion-dollar funding plan for India, saying the scheme encroached on a territorial dispute between the Asian giants. "The Asian Development Bank, regardless of the majo
Published 19 Jun, 2009 12:00am
Fiat eyes larger share of Indian car market

Fiat eyes larger share of Indian car market

Italian car maker Fiat on Wednesday unveiled plans to increase its share of India's growing automobile market and hinted it may also offer Chrysler models to the country's middle class. Launching the Grande Punto in India, Fiat-India CEO Rajiv Kapoor told
Published 19 Jun, 2009 12:00am
French tyre maker Michelin to shed 2,800 jobs: company

French tyre maker Michelin to shed 2,800 jobs: company

French tyre maker Michelin said on Wednesday it would shed 2,800 jobs through early retirement and voluntary redundancies in the next three years, sparking concern from the government. The company said it will also shut down one of its plants in northern
Published 19 Jun, 2009 12:00am
China diesel exports slip; LNG imports at record

China diesel exports slip; LNG imports at record

China diesel exports fell in May from a record in April, but both diesel and gasoline exports were still sharply up on the year as oil firms raised refinery rates to a record, but had little space left to store the extra output. Imports of liquefied natur
Published 19 Jun, 2009 12:00am
Norway cuts interest rate to record low 1.25 percent

Norway cuts interest rate to record low 1.25 percent

Norway cut its key interest rate Wednesday by a quarter-point to a record low 1.25 percent, as the central bank said it saw no quick end to the economic crisis that has pushed the oil-rich country into a deeper recession than expected. "Uncertainty with r
Published 19 Jun, 2009 12:00am
Air India workers threaten strike over late pay

Air India workers threaten strike over late pay

Employees of India's largest airline have threatened to go on strike after management delayed their salaries by two weeks because of a cash crisis, a report said Thursday. About 20,000 employees, more than two-thirds of Air India's workforce, are pushing
Published 19 Jun, 2009 12:00am
Asian Development Bank to boost clean energy investments

Asian Development Bank to boost clean energy investments

The Asian Development Bank (ADB) said Wednesday it plans to double its clean energy investments to 2 billion dollars a year to promote low-carbon growth and reduce greenhouse gas emissions in the region.ADB President Haruhiko Kuroda said the new investmen
Published 19 Jun, 2009 12:00am
China slams Google over porn

China slams Google over porn

China stepped up its war on Internet censorship Thursday, slamming Google China for allowing pornographic content to seep into the nation and threatening to punish the search engine. "Google China's website has not installed filters to block pornography i
Published 19 Jun, 2009 12:00am
Blackstone plans China subsidiary, yuan fund

Blackstone plans China subsidiary, yuan fund

US private equity firm Blackstone Group LP is in talks with the Shanghai city government to set up a wholly-owned China subsidiary as it prepares to launch a local currency private equity fund, sources said on Thursday. Shanghai announced last week that t
Published 19 Jun, 2009 12:00am
Australia delays renewable energy laws to August

Australia delays renewable energy laws to August

Australian laws to promote up to $22 billion of renewable energy investment were postponed until August on Thursday, angering the industry and government, which is struggling to pass its climate change agenda. In a likely precursor to the outcome for the
Published 19 Jun, 2009 12:00am
Swiss government unveils new stimulus as recession bites

Swiss government unveils new stimulus as recession bites

The Swiss government on Wednesday approved a third, 750-million-Swiss franc (498-million-euro, 690-million-dollar) economic stimulus package amid signs that the recession could continue into next year. "Since February 2009, when the decision to launch the
Published 19 Jun, 2009 12:00am
Deutsche, Morgan tapped for AIA IPO role

Deutsche, Morgan tapped for AIA IPO role

Bailed out US insurer American International Group has chosen Deutsche Bank and Morgan Stanley as joint global co-ordinators for the more than $4 billion IPO of its Asian life insurance unit, banking sources said on Thursday. The choice of Deutsche Bank c
Published 19 Jun, 2009 12:00am
Deutsche, Morgan tapped for AIA IPO role

Deutsche, Morgan tapped for AIA IPO role

Bailed out US insurer American International Group has chosen Deutsche Bank and Morgan Stanley as joint global co-ordinators for the more than $4 billion IPO of its Asian life insurance unit, banking sources said on Thursday. The choice of Deutsche Bank c
Published 19 Jun, 2009 12:00am
Manila may scrap retail bond issue, eyes offshore

Manila may scrap retail bond issue, eyes offshore

The Philippines may cancel or delay a domestic retail bond issue in favour of cheaper offshore options as the government looks for ways to fund a record budget deficit this year, senior government officials said on Thursday. Philippines government bond yi
Published 19 Jun, 2009 12:00am
Belgian workers strike in sympathy with Liege fan

Belgian workers strike in sympathy with Liege fan

Hundreds of Belgian steel workers have gone on strike to protest against management's treatment of one of the men at the plant who is a fanatical supporter of Standard Liege, a trade union official said on Thursday. The 24-hour walk-out by 400 workers at
Published 19 Jun, 2009 12:00am
Gold dips in Asia

Gold dips in Asia

Gold eased a touch on Thursday, giving up earlier gains to hover slightly below $940 as a halt in the dollar's slide dulled some of bullion's allure as an alternative investment. But the dollar barely moved from late US levels, providing little direction
Published 19 Jun, 2009 12:00am
Manila may scrap retail bond issue, eyes offshore

Manila may scrap retail bond issue, eyes offshore

The Philippines may cancel or delay a domestic retail bond issue in favour of cheaper offshore options as the government looks for ways to fund a record budget deficit this year, senior government officials said on Thursday. Philippines government bond yi
Published 19 Jun, 2009 12:00am
Malaysian tin falls

Malaysian tin falls

Malaysian tin fell 0.6 percent on Thursday after steep losses on the London Metal Exchange (LME), a dealer said.
Published 19 Jun, 2009 12:00am
Oil rises towards $72 in Asia

Oil rises towards $72 in Asia

Oil rose towards $72 a barrel on Thursday as the dollar weakened, and bullish data on China and US crude inventories helped lift sentiment. The greenback fell against major currencies towards lows struck the previous day after tame US inflation data dampe
Published 19 Jun, 2009 12:00am
US gold edges down

US gold edges down

Gold futures dropped slightly on Wednesday as crude oil dropped and the dollar regained some strength, and lower-than-expected US consumer prices dampened bullion's appeal as a hedge against inflation. August off 30 cents at $931.90 an ounce at 10:54 am E
Published 19 Jun, 2009 12:00am
Malaysian palm oil lower

Malaysian palm oil lower

Malaysian palm futures fell as much as 0.8 percent on Thursday to hit a fresh two-month low as top Asian buyers slow purchases, although losses mere muted on concerns of an El Nino weather episode developing. "Some players, especially from the Indian subc
Published 19 Jun, 2009 12:00am
Carbon tax on CNG withdrawn

Carbon tax on CNG withdrawn

The government on Thursday withdrew the decision of levying carbon surcharge on Compressed Natural Gas (CNG) by deleting the word "carbon" from the head of the levy. Now "surcharge" will be used for taxing petroleum products from the next financial year i
Published 19 Jun, 2009 12:00am
Soyabean futures rise

Soyabean futures rise

US soyabeans rose on Wednesday in a mild rebound from this week's sell-off amid outlooks for this season's domestic stocks to slip to a 32-year low. "We really have not proven that we have rationed supplies," said Don Roose, analyst with US Commodities. "
Published 19 Jun, 2009 12:00am
Carbon tax on CNG withdrawn

Carbon tax on CNG withdrawn

The government on Thursday withdrew the decision of levying carbon surcharge on Compressed Natural Gas (CNG) by deleting the word "carbon" from the head of the levy. Now "surcharge" will be used for taxing petroleum products from the next financial year i
Published 19 Jun, 2009 12:00am
Asian physical rubber

Asian physical rubber

Asian physical rubber prices were mostly steady on Thursday in a quiet market as potential buyers remained on the sidelines in anticipation of further declines in Tokyo futures. A gradual increase in rubber supplies, which had been disrupted by unseasonal
Published 19 Jun, 2009 12:00am
Carbon tax on CNG withdrawn

Carbon tax on CNG withdrawn

The government on Thursday withdrew the decision of levying carbon surcharge on Compressed Natural Gas (CNG) by deleting the word "carbon" from the head of the levy. Now "surcharge" will be used for taxing petroleum products from the next financial year i
Published 19 Jun, 2009 12:00am
US copper ekes out gain

US copper ekes out gain

US copper futures ended up a shade on Wednesday, after hitting their lowest levels in nearly two weeks, as a weaker dollar offered some support to an extended downward price correction from last week's eight-month highs. COMEX estimated futures volume at
Published 19 Jun, 2009 12:00am
Fed buys $20.29 billion net agency MBS in latest week

Fed buys $20.29 billion net agency MBS in latest week

The US Federal Reserve bought $20.29 billion net of agency mortgage-backed securities in the latest week, less than the $23.02 billion it bought a week ago, the New York Fed said on its website on Thursday. This brought the US central bank's purchase of m
Published 19 Jun, 2009 12:00am
Shanghai copper resumes downtrend

Shanghai copper resumes downtrend

Shanghai copper resumed a week-long fall on Thursday after a one-day blip up, and London futures held below $5,000 on persistent concerns that prices do not reflect fundamentals and a period of correction is needed. Currencies are likely to remain importa
Published 19 Jun, 2009 12:00am
US lawmakers seek to extend F-22 jet production

US lawmakers seek to extend F-22 jet production

The US House Armed Services Committee has passed an amendment extending production of the F-22 Raptor, a stealth fighter jet the Pentagon has sought to scrub. Lawmakers voted 31 to 30 on Wednesday to provide 369 million dollars over two years to purchase
Published 19 Jun, 2009 12:00am
Bearish conditions pressurise cotton prices

Bearish conditions pressurise cotton prices

A federal budget rejected downright by the business community, very tight money supply, downswing in yarn and textile prices, war conditions in north and north western Pakistan, improved prospects of the incoming (2009-2010) cotton crop and mass disruptio
Published 19 Jun, 2009 12:00am
Austrian lawmaker links Ahmadinejad to 1989 Kurdish killing

Austrian lawmaker links Ahmadinejad to 1989 Kurdish killing

An Austrian lawmaker on Thursday linked Iran's President Mahmoud Ahmadinejad to the 1989 murder of a Kurdish opposition leader in Vienna. Peter Pilz, the Austrian Green party's spokesman on security, presented to the press testimony given to police by a j
Published 19 Jun, 2009 12:00am
Bearish conditions pressurise cotton prices

Bearish conditions pressurise cotton prices

A federal budget rejected downright by the business community, very tight money supply, downswing in yarn and textile prices, war conditions in north and north western Pakistan, improved prospects of the incoming (2009-2010) cotton crop and mass disruptio
Published 19 Jun, 2009 12:00am
US military debates release of air strike probe details

US military debates release of air strike probe details

The release of a Pentagon investigation into deadly US air strikes in Afghanistan has been delayed amid an internal debate about what details of the report should be revealed, US officials said on Thursday.
Published 19 Jun, 2009 12:00am
US rice futures dip

US rice futures dip

US rice futures on the Chicago Board of Trade fell to a near three-week low on Wednesday amid technical selling after sliding through all key moving averages this week, traders said. Large global stocks and poor export demand for US rice loom over prices.
Published 19 Jun, 2009 12:00am
Trans-Atlantic flight lands safely after pilot dies

Trans-Atlantic flight lands safely after pilot dies

A Continental passenger plane en route from Brussels to New York landed safely at Newark airport Thursday after the pilot died during the flight, officials said. The Boeing 777 flight, carrying 247 passengers, was guided down by two co-pilots around midda
Published 19 Jun, 2009 12:00am
Tokyo rubber slips

Tokyo rubber slips

Key Tokyo rubber futures slipped below the psychologically important 160 yen level to a near five-week low on Thursday as a firm yen versus the dollar weighed on investor sentiment. The key Tokyo Commodity Exchange rubber contract for November delivery wa
Published 19 Jun, 2009 12:00am
MQM to observe Black Day today

MQM to observe Black Day today

Muttehida Qaumi Movement (MQM), will observe the Black Day on June 19 (Friday), throughout the country to mark the 17th death anniversary of party's martyrs. The black day will be observed on the death anniversary of MQM's martyrs of June 19, 1992 inciden
Published 19 Jun, 2009 12:00am
New York sugar higher

New York sugar higher

Raw sugar futures finished higher on Wednesday on investor buying as the market has bucked a commodity-wide sell-off and is now poised to hit new highs in the days ahead, brokers said. The key October raw sugar contract climbed 0.17 cent to conclude at 15
Published 19 Jun, 2009 12:00am
British opposition leader to repay expenses cash

British opposition leader to repay expenses cash

Conservative leader David Cameron, tipped to be Britain's next prime minister, said on Thursday he would repay almost 1,000 pounds ($1,640) in expenses he had mistakenly claimed. Cameron, who has sought to take the initiative in a long-running expenses sc
Published 19 Jun, 2009 12:00am
Stable trend amid modest trade on cotton market

Stable trend amid modest trade on cotton market

Prices were firm on the cotton market on Thursday as mills showed little interest in the fresh buying, dealers said. The official spot rate was unchanged at Rs 3,400. In the meantime, some 1,200 bales changed hands at Rs 3,300; they said. Market sources s
Published 19 Jun, 2009 12:00am
Zardari invites Belgian businessmen

Zardari invites Belgian businessmen

President Asif Ali Zardari on Wednesday invited Belgian businessmen to come to Pakistan and explore a market that boasts of over 170 million people. Addressing leading Belgian businessmen at a dinner meeting, the President said just like Belgium, which is
Published 19 Jun, 2009 12:00am
Rising trend witnessed on seed, grain market

Rising trend witnessed on seed, grain market

Prices moved up on the wholesale grain market on Thursday as buyers were active to cover the immediate needs, dealers said. On the grams side gram dal Australia low type was higher by Rs 50 to Rs 3,600 while the better type gained Rs 100 to Rs 3,850; gram
Published 19 Jun, 2009 12:00am
Zardari invites Belgian businessmen

Zardari invites Belgian businessmen

President Asif Ali Zardari on Wednesday invited Belgian businessmen to come to Pakistan and explore a market that boasts of over 170 million people. Addressing leading Belgian businessmen at a dinner meeting, the President said just like Belgium, which is
Published 19 Jun, 2009 12:00am
US drone attack kills nine in South Waziristan

US drone attack kills nine in South Waziristan

At least nine people have been killed as a US drone fired missiles in South Waziristan agency. Two US drones fired five missiles at different hideouts of Commander Tehreek-e-Taliban Pakistan (TTP), Mullah Nazir in Shah Alam and Raghzai areas near Wana in
Published 19 Jun, 2009 12:00am
KCBT wheat futures lower

KCBT wheat futures lower

Hard red winter wheat futures on the Kansas City Board of Trade ended lower Wednesday, weighed down by harvest pressure and ample supplies of world wheat. The KCBT July contract ended down 1/4 cent at $6.22-3/4 per bushel after ranging from $6.13 to $6.28
Published 19 Jun, 2009 12:00am
Zardari invites Belgian businessmen

Zardari invites Belgian businessmen

President Asif Ali Zardari on Wednesday invited Belgian businessmen to come to Pakistan and explore a market that boasts of over 170 million people. Addressing leading Belgian businessmen at a dinner meeting, the President said just like Belgium, which is
Published 19 Jun, 2009 12:00am
US Midwest corn and soyabean bids firm

US Midwest corn and soyabean bids firm

Corn and soyabean bids were mostly steady to firm amid few farmer sales around the US Midwest on Wednesday, grain dealers said. Futures closed slightly higher at the Chicago Board of Trade but the gains were not enough to spur significant farmer selling,
Published 19 Jun, 2009 12:00am
US drone attack kills nine in South Waziristan

US drone attack kills nine in South Waziristan

At least nine people have been killed as a US drone fired missiles in South Waziristan agency. Two US drones fired five missiles at different hideouts of Commander Tehreek-e-Taliban Pakistan (TTP), Mullah Nazir in Shah Alam and Raghzai areas near Wana in
Published 19 Jun, 2009 12:00am
Soya FOB Gulf prices flat

Soya FOB Gulf prices flat

US soyabean export premiums at the Gulf of Mexico were flat on Wednesday as demand from overseas buyers was dampened by high US prices and lower prices in South America, traders said. Corn export premiums held mostly steady despite weaker CIF barge market
Published 19 Jun, 2009 12:00am
Smooth supply of fuel: PSO asks Pepco to finalise FSA with Gencos

Smooth supply of fuel: PSO asks Pepco to finalise FSA with Gencos

The financially-strapped Pakistan Electric Power Company (Pepco) has reportedly been asked by the Pakistan State Oil (PSO) to finalise the much awaited fuel supply agreement (FSA) for smooth supply of fuel to generation companies, sources in Petroleum Min
Published 19 Jun, 2009 12:00am
Oil cake market rates

Oil cake market rates

Rising trend persisted on the forward cottonseed oil cake market on Thursday as slight increase in demand pushed the prices up, dealers said. The July vaida opened with Rs 1.20 gain at Rs 987.50 and the December contract also commenced with steep gain of
Published 19 Jun, 2009 12:00am
Law and order: Federal government's allocation lower than Punjab's

Law and order: Federal government's allocation lower than Punjab's

It was expected that massive allocations would be made for law and order in federal and provincial budgets for 2009-10 in the wake of threats of terrorist activities in the country, however, some critics believe the allocations made for the purpose are no
Published 19 Jun, 2009 12:00am
US wheat futures close to unchanged

US wheat futures close to unchanged

US wheat futures settled close to unchanged on Wednesday as the market grappled with a weakening dollar that boosted chances for exports and seasonal harvest pressure amid plentiful global supplies. Wheat prices traded in both negative and positive territ
Published 19 Jun, 2009 12:00am
Law and order: Federal government's allocation lower than Punjab's

Law and order: Federal government's allocation lower than Punjab's

It was expected that massive allocations would be made for law and order in federal and provincial budgets for 2009-10 in the wake of threats of terrorist activities in the country, however, some critics believe the allocations made for the purpose are no
Published 19 Jun, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 87,320 tonnes of cargo including 65,601 tonnes of import and 21,719 tonnes of export; 3,680 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The freights comprised of 56,320 tonnes of dry c
Published 19 Jun, 2009 12:00am
Smooth supply of fuel: PSO asks Pepco to finalise FSA with Gencos

Smooth supply of fuel: PSO asks Pepco to finalise FSA with Gencos

The financially-strapped Pakistan Electric Power Company (Pepco) has reportedly been asked by the Pakistan State Oil (PSO) to finalise the much awaited fuel supply agreement (FSA) for smooth supply of fuel to generation companies, sources in Petroleum Min
Published 19 Jun, 2009 12:00am
Smooth supply of fuel: PSO asks Pepco to finalise FSA with Gencos

Smooth supply of fuel: PSO asks Pepco to finalise FSA with Gencos

The financially-strapped Pakistan Electric Power Company (Pepco) has reportedly been asked by the Pakistan State Oil (PSO) to finalise the much awaited fuel supply agreement (FSA) for smooth supply of fuel to generation companies, sources in Petroleum Min
Published 19 Jun, 2009 12:00am
Index loses 24.16 points

Index loses 24.16 points

Profit taking in late hours eroded the intra-day gains and the benchmark KSE-100 index finally closed at 7,051.77 points level with a net loss of 24.16 points on Thursday. The market opened on a positive note and the index hit 7,142.97 points at intra-day
Published 19 Jun, 2009 12:00am
New York cotton

New York cotton

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

Published 19 Jun, 2009 12:00am
Rafsanjani children barred from leaving Iran

Rafsanjani children barred from leaving Iran

Two children of former president Akbar Hashemi Rafsanjani, a political opponent of President Mahmoud Ahmadinejad, have been barred from leaving Iran, the semi-official Fars News Agency said on Thursday. Rafsanjani's daughter Faezeh addressed supporters of
Published 19 Jun, 2009 12:00am
New York cotton

New York cotton

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

Published 19 Jun, 2009 12:00am
Rafsanjani children barred from leaving Iran

Rafsanjani children barred from leaving Iran

Two children of former president Akbar Hashemi Rafsanjani, a political opponent of President Mahmoud Ahmadinejad, have been barred from leaving Iran, the semi-official Fars News Agency said on Thursday. Rafsanjani's daughter Faezeh addressed supporters of
Published 19 Jun, 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 19 Jun, 2009 12:00am
Index loses 24.16 points

Index loses 24.16 points

Profit taking in late hours eroded the intra-day gains and the benchmark KSE-100 index finally closed at 7,051.77 points level with a net loss of 24.16 points on Thursday. The market opened on a positive note and the index hit 7,142.97 points at intra-day
Published 19 Jun, 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 (June 18, 2009).

Published 19 Jun, 2009 12:00am
Climate catastrophe getting closer, warn scientists

Climate catastrophe getting closer, warn scientists

The world faces a growing risk of "abrupt and irreversible climatic shifts" as fallout from global warming hits faster than expected, according to research by international scientists released on Thursday. Global surface and ocean temperatures, sea levels
Published 19 Jun, 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 19 Jun, 2009 12:00am
Gainers outnumber losers on ISE

Gainers outnumber losers on ISE

Gainers outclassed losers at the Islamabad Stock Exchange (ISE) where equities showed healthy signs under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 12.40 points, as the Index moved from 1,641.62 to 1,654.02 poin
Published 19 Jun, 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 (June 18, 2009).

Published 19 Jun, 2009 12:00am
Gainers outnumber losers on ISE

Gainers outnumber losers on ISE

Gainers outclassed losers at the Islamabad Stock Exchange (ISE) where equities showed healthy signs under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 12.40 points, as the Index moved from 1,641.62 to 1,654.02 poin
Published 19 Jun, 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 (June 18, 2009).

Published 19 Jun, 2009 12:00am
Mixed trend prevails on LSE

Mixed trend prevails on LSE

Mixed trend prevailed on the Lahore Stock Exchange (LSE) on Thursday and the equities after moving up and downward, finally settled in red zone on account of selling pressure that resulted considerable increase in trading turnover. The LSE-25 index margin
Published 19 Jun, 2009 12:00am
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