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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-07-03
IMF seeks key fiscal data: Pakistan-Fund meeting today

IMF seeks key fiscal data: Pakistan-Fund meeting today

The International Monetary Fund (IMF) has requested Pakistani authorities to provide statistics with respect to interest and amortisation payments of major public enterprises, budgetary expenditures, including subsidies, grants, net lending and earthquake
Published 03 Jul, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 02, 2009).
Published 03 Jul, 2009 12:00am
Traders' strike fizzled out

Traders' strike fizzled out

Shutter-down strike in Faisalabad against load-shedding and exorbitant taxes has fizzled out due to split of Anjuman-e-Tajiran (AT) into two groups. The strike call was given by Mian Rizwan Siddique, President, Anjuman-e-Tajiran (Sher Group), while the di
Published 03 Jul, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 02, 2009).

Published 03 Jul, 2009 12:00am
Pepco admits installing inefficient rental plants

Pepco admits installing inefficient rental plants

Pakistan Electric Power Company (Pepco), much maligned by the public throughout the country for long and unscheduled outages, has made a shocking revelation that the recent power crisis has compelled it to install the most inefficient and expensive rental
Published 03 Jul, 2009 12:00am
IMF seeks key fiscal data: Pakistan-Fund meeting today

IMF seeks key fiscal data: Pakistan-Fund meeting today

The International Monetary Fund (IMF) has requested Pakistani authorities to provide statistics with respect to interest and amortisation payments of major public enterprises, budgetary expenditures, including subsidies, grants, net lending and earthquake
Published 03 Jul, 2009 12:00am
BRIndex30 index up by 241.25 points

BRIndex30 index up by 241.25 points

On Thursday, BRIndex30 opened in the green zone at 6,684.75 and remained there for whole of the trading time. It closed at 6,900.70 with a net positive change of 241.25 points and percentage change of 3.62. It experienced intra-day high of 6,907.11 and in
Published 03 Jul, 2009 12:00am
BRIndex30 index up by 241.25 points

BRIndex30 index up by 241.25 points

On Thursday, BRIndex30 opened in the green zone at 6,684.75 and remained there for whole of the trading time. It closed at 6,900.70 with a net positive change of 241.25 points and percentage change of 3.62. It experienced intra-day high of 6,907.11 and in
Published 03 Jul, 2009 12:00am
KSE stages a big rally

KSE stages a big rally

Healthy buying supported the benchmark KSE-100 index to breach 7,500 psychological level to hit 7,503.32 points intra-day high level on Thursday. The local institutions and retail investors joined the rally following the continuous foreign investors'' int
Published 03 Jul, 2009 12:00am
US Marines capture Afghan district

US Marines capture Afghan district

Thousands of US Marines poured into Afghanistan's Taliban heartlands Thursday, quickly capturing a district in the first major assault of President Barack Obama's new war plan. Dozens of aircraft ferried out the Marines from bases before dawn, aiming to t
Published 03 Jul, 2009 12:00am
US puts sanctions on Iraq group, Iran adviser

US puts sanctions on Iraq group, Iran adviser

The United States imposed financial sanctions Thursday on an adviser to Iran's Islamic Revolutionary Guard Corps and a Iraq-based Shia group Kata'ib Hezbollah, branded a foreign terrorist outfit. The US Treasury Department said it froze the assets of Abu
Published 03 Jul, 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 03 Jul, 2009 12:00am
US puts sanctions on Iraq group, Iran adviser

US puts sanctions on Iraq group, Iran adviser

The United States imposed financial sanctions Thursday on an adviser to Iran's Islamic Revolutionary Guard Corps and a Iraq-based Shia group Kata'ib Hezbollah, branded a foreign terrorist outfit. The US Treasury Department said it froze the assets of Abu
Published 03 Jul, 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 03 Jul, 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 (July 02, 2009).

Published 03 Jul, 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 (July 02, 2009).

Published 03 Jul, 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 (July 02, 2009).

Published 03 Jul, 2009 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (July 02, 2009).

Published 03 Jul, 2009 12:00am
FBR collects over Rs 1,150 billion in July-June

FBR collects over Rs 1,150 billion in July-June

The Federal Board of Revenue (FBR) has provisionally collected over and above Rs 1,150 billion during July-June (2008-09) against the downward revised target of Rs 1,179 billion, reflecting a shortfall of Rs 29 billion. According to the FBR revenue collec
Published 03 Jul, 2009 12:00am
FBR collects over Rs 1,150 billion in July-June

FBR collects over Rs 1,150 billion in July-June

The Federal Board of Revenue (FBR) has provisionally collected over and above Rs 1,150 billion during July-June (2008-09) against the downward revised target of Rs 1,179 billion, reflecting a shortfall of Rs 29 billion. According to the FBR revenue collec
Published 03 Jul, 2009 12:00am
ISE index up 60.39 points

ISE index up 60.39 points

Equities continued to show healthy signs at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings under the lead of trendsetters amid increase in index. ISE Ten Index was plus by 60.39 points, as the Index moved from 1,746.86 to 1,807.2
Published 03 Jul, 2009 12:00am
ISE index up 60.39 points

ISE index up 60.39 points

Equities continued to show healthy signs at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings under the lead of trendsetters amid increase in index. ISE Ten Index was plus by 60.39 points, as the Index moved from 1,746.86 to 1,807.2
Published 03 Jul, 2009 12:00am
US to give details on regulatory reforms next week

US to give details on regulatory reforms next week

The Obama administration is aiming to release next week detailed legislative language for its proposals on corporate governance, shareholder rights, and derivatives regulation, a source familiar with government plans said Thursday.
Published 03 Jul, 2009 12:00am
Pakistan's foreign exchange reserves rise to $11.84 billion

Pakistan's foreign exchange reserves rise to $11.84 billion

Pakistan's foreign exchange reserves rose by 70 million dollars to 11.84 billion dollars in the week that ended on June 27, compared with 11.77 billion dollars the previous week, a central bank spokesman said on Thursday. The State Bank of Pakistan's rese
Published 03 Jul, 2009 12:00am
ADB and IDB launch Islamic infrastructure fund

ADB and IDB launch Islamic infrastructure fund

The Asian Development Bank and the Islamic Development Bank have launched a $500 million Islamic infrastructure fund, manager and adviser CIMB Standard said on Thursday. The two banks said last month they would set up the fund to invest in the 12 countrie
Published 03 Jul, 2009 12:00am
Indian court rules gay sex legal

Indian court rules gay sex legal

New Delhi's highest court issued a landmark ruling Thursday that decriminalised gay sex between consenting adults in India by declaring a colonial-era ban on homosexuality unconstitutional. The decision by the Delhi High Court was hailed by gay activists
Published 03 Jul, 2009 12:00am
Indian court rules gay sex legal

Indian court rules gay sex legal

New Delhi's highest court issued a landmark ruling Thursday that decriminalised gay sex between consenting adults in India by declaring a colonial-era ban on homosexuality unconstitutional. The decision by the Delhi High Court was hailed by gay activists
Published 03 Jul, 2009 12:00am
Asia will be first to rise out of global recession: ADB

Asia will be first to rise out of global recession: ADB

Asia's recession appears to have touched bottom and the region is likely to be the first to climb out of the global economic slowdown, the Asian Development Bank's chief economist said Thursday. However, ADB's Lee Jong-Wha said it would be difficult for t
Published 03 Jul, 2009 12:00am
IMF seeks key fiscal data: Pakistan-Fund meeting today

IMF seeks key fiscal data: Pakistan-Fund meeting today

The International Monetary Fund (IMF) has requested Pakistani authorities to provide statistics with respect to interest and amortisation payments of major public enterprises, budgetary expenditures, including subsidies, grants, net lending and earthquake
Published 03 Jul, 2009 12:00am
KSE stages a big rally

KSE stages a big rally

Healthy buying supported the benchmark KSE-100 index to breach 7,500 psychological level to hit 7,503.32 points intra-day high level on Thursday. The local institutions and retail investors joined the rally following the continuous foreign investors' inte
Published 03 Jul, 2009 12:00am
KSE stages a big rally

KSE stages a big rally

Healthy buying supported the benchmark KSE-100 index to breach 7,500 psychological level to hit 7,503.32 points intra-day high level on Thursday. The local institutions and retail investors joined the rally following the continuous foreign investors' inte
Published 03 Jul, 2009 12:00am
FBR collects over Rs 1,150 billion in July-June

FBR collects over Rs 1,150 billion in July-June

The Federal Board of Revenue (FBR) has provisionally collected over and above Rs 1,150 billion during July-June (2008-09) against the downward revised target of Rs 1,179 billion, reflecting a shortfall of Rs 29 billion. According to the FBR revenue collec
Published 03 Jul, 2009 12:00am
Bullish rally continues on LSE

Bullish rally continues on LSE

Bullish rally continued for the second consecutive day on the Lahore Stock Exchange (LSE) on Thursday and the equities extended further gains amid improved trading turnover on account of strong support in oil, banking, cement and fertiliser sectors.
Published 03 Jul, 2009 12:00am
Norway shuts embassy

Norway shuts embassy

Norwegian embassy in Islamabad has been closed after a threatening letter was received regarding the presence of bomb in the embassy. The embassy had received a threatening letter and it was evacuated and after bomb disposal squad checked the embassy prem
Published 03 Jul, 2009 12:00am
Bullish rally continues on LSE

Bullish rally continues on LSE

Bullish rally continued for the second consecutive day on the Lahore Stock Exchange (LSE) on Thursday and the equities extended further gains amid improved trading turnover on account of strong support in oil, banking, cement and fertiliser sectors.
Published 03 Jul, 2009 12:00am
ADB and IDB launch Islamic infrastructure fund

ADB and IDB launch Islamic infrastructure fund

The Asian Development Bank and the Islamic Development Bank have launched a $500 million Islamic infrastructure fund, manager and adviser CIMB Standard said on Thursday. The two banks said last month they would set up the fund to invest in the 12 countrie
Published 03 Jul, 2009 12:00am
ADB and IDB launch Islamic infrastructure fund

ADB and IDB launch Islamic infrastructure fund

The Asian Development Bank and the Islamic Development Bank have launched a $500 million Islamic infrastructure fund, manager and adviser CIMB Standard said on Thursday. The two banks said last month they would set up the fund to invest in the 12 countrie
Published 03 Jul, 2009 12:00am
Killing of Bugti: PTI demands registration of FIR against Musharraf

Killing of Bugti: PTI demands registration of FIR against Musharraf

Pakistan Tahreek-e-Insaf (PTI) has vowed to support the people of Balochistan for protecting their rights. PTI central leaders, Ijaz Chaudary and Admiral Javed Iqbal (Retd) expressed these views, while addressing a press conference here on Thursday. PTI B
Published 03 Jul, 2009 12:00am
US MIDDAY: soybeans, corn slide

US MIDDAY: soybeans, corn slide

Soyabean futures on the Chicago Board of Trade dived early Thursday on pre-weekend profit-taking after the July contract rose this week on worries about tight stocks, traders said. CBOT corn followed soyabeans, pressured by non-threatening US crop weather
Published 03 Jul, 2009 12:00am
US MIDDAY: coffee, sugar and cocoa drop

US MIDDAY: coffee, sugar and cocoa drop

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Thursday. September arabica coffee contract down 0.40 cent at $1.1865 per lb at 11:09 am EDT (1509 GMT). Session range from $1.1930 to $1.1705, the lowest for the second position sin
Published 03 Jul, 2009 12:00am
Gold slips in Europe

Gold slips in Europe

Gold fell below $930 per ounce on Thursday as the dollar rose versus a basket of six currencies after a larger than expected dip in US non-farm payrolls, which prompted some buying of the currency as a haven from risk. The euro also extended losses agains
Published 03 Jul, 2009 12:00am
Rupee dips versus dollar and euro during fiscal year 2008-09

Rupee dips versus dollar and euro during fiscal year 2008-09

Unfavourable country's Balance of Payment (BoP) dragged the rupee down in relation to the dollar during the 2008-09 fiscal year, thanks to the remittances, which supported the rupee to trim losses versus the dollar.
Published 03 Jul, 2009 12:00am
Trial production of mango pulp begins in Multan

Trial production of mango pulp begins in Multan

A plant in Multan began the trial production of mango pulp and was being readied for inauguration by the Prime Minister, in the second week of July. This project had been developed to minimise post-harvest losses, which were estimated to be 35 percent in
Published 03 Jul, 2009 12:00am
MCCI condemns hike in POL prices

MCCI condemns hike in POL prices

Condemning the hike in petroleum products, the business community said that the decision to increase POL prices would further raise the prices of essential commodities and dampen business activities in the country. President of the Multan Chambers of Comm
Published 03 Jul, 2009 12:00am
Nine women development centres for quake-hit areas

Nine women development centres for quake-hit areas

The government has finalised a project of more than Rs 500 million to establish 9 Women Development Centres in Hazara Division and Azad Jammu and Kashmir in the collaboration with Erra aimed at providing facilities to women of the respective areas.
Published 03 Jul, 2009 12:00am
Military operation

Military operation

Military operation in Swat and its adjoining areas is now in final phase and hopefully it will come to an end very soon. The operation launched by the military for eradicating militancy and terrorism from tribal areas of our country has paid good dividend
Published 03 Jul, 2009 12:00am
Caribbean states fight to ride out economic storm

Caribbean states fight to ride out economic storm

The Caribbean's small island states ride out hurricanes year after year, but they are fighting to stay afloat in a global economic storm that is battering rich and poor nations alike. Tiny nations like twin-island St. Kitts and Nevis, a short chain of lus
Published 03 Jul, 2009 12:00am
Broken family ties: Michael Jackson and his father

Broken family ties: Michael Jackson and his father

It could be weeks before the world finally knows what killed Michael Jackson. What became clearer than ever in the week since the unexpected death of the legendary singer was that the self-proclaimed King of Pop was just a knight in mournful armour, a dee
Published 03 Jul, 2009 12:00am
Strengthening social safety nets

Strengthening social safety nets

According to media reports, the World Bank has approved two projects for $135 million to help Pakistan strengthen social safety nets and eradicate polio. Of the two, the $60 million Pakistan Social Safety Net Technical Assistance Project is aimed at enhan
Published 03 Jul, 2009 12:00am
Greatest challenge before the US president

Greatest challenge before the US president

The first US National Day under a Black President: July 04, 2009 is a special day for the people of United States of America. The dream that Martin Luther King visualised has attained reality - the first national day after July 4, 1776 is being cel
Published 03 Jul, 2009 12:00am
Between the lines

Between the lines

Over the last 18 months that is approximately since the forced abdication of President Pervez Musharraf, the local Taliban's popularity has hugely suffered, says a public opinion poll survey released on Tuesday. Conducted in the second half of May 2009 by
Published 03 Jul, 2009 12:00am
NSS rate reduction to hurt the vulnerable

NSS rate reduction to hurt the vulnerable

The profit rates on various National Savings Schemes (NSS) have been reduced, effective July 1. The profit on Pension and Behbood Certificates has been brought down to 14.16 percent from 16.10 percent, a decline likely to negatively impact the disposable
Published 03 Jul, 2009 12:00am
Sindh asks SBP to credit Rs 4.447 billion to district government account

Sindh asks SBP to credit Rs 4.447 billion to district government account

Sindh government has asked the State Bank of Pakistan (SBP) to credit over Rs 4.447bn to the district government account, it is reliably learnt. According to sources in the finance department, the provincial government, in a letter to the central bank's D
Published 03 Jul, 2009 12:00am
Conference on global financial crisis held

Conference on global financial crisis held

A one day conference was organised by UNCTAD, United Nations at Palais des Nations, Geneva on the topic of "The Financial Crisis and its Implications for the International Financial Reporting Architecture and Financial Stability" to discuss the causes and
Published 03 Jul, 2009 12:00am
Pacra maintains ratings of various banks

Pacra maintains ratings of various banks

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of various banks and financial institutions. The detail is as follows.
Published 03 Jul, 2009 12:00am
UHS establishes computer lab at SZMC

UHS establishes computer lab at SZMC

The University of Health Sciences (UHS) has established a Computer Resource Lab at Shaikh Zayed Medical College (SZMC) Rahim Yar Khan to familiarise medical students with the use of information technology and to promote the culture of research at undergra
Published 03 Jul, 2009 12:00am
Paddy growers in Sindh to be paid within week: Gondal

Paddy growers in Sindh to be paid within week: Gondal

Federal Agriculture Minister, Nazar Muhammad Gondal, called on Chief Minister Sindh Syed Qaim Ali Shah here on Thursday. During the meeting they discussed issues related to the purchase of paddy from Sindh province by Passco and delayed payment to the pad
Published 03 Jul, 2009 12:00am
National Road Safety Conference on July 7

National Road Safety Conference on July 7

Indus Motor Company and Shell Pakistan in partnership with The Aga Khan University Hospital, Sindh Education Foundation and the Road Traffic Injury Research Centre (Ministry of Health) are organising the second National Road Safety Conference (NRSC) at th
Published 03 Jul, 2009 12:00am
Ovex Technologies gets title of 'Most Promising Reseller'

Ovex Technologies gets title of 'Most Promising Reseller'

Ovex Technologies, Pakistan's largest Third Party Offshore BPO and IT Solutions Provider; and the second largest exporter of IT Services in Pakistan, was conferred the title of "Most Promising Reseller (2008-2009)" by its partner "Kaspersky Labs", on the
Published 03 Jul, 2009 12:00am
ABL Stock Fund units' listing approved

ABL Stock Fund units' listing approved

The Karachi Stock Exchange (KSE) has approved the formal listing and quotation of the units of ABL Stock Fund, an Open-End Mutual Fund on the exchange with effect from Friday, July 03, 2009.
Published 03 Jul, 2009 12:00am
ABL Stock Fund units' listing approved

ABL Stock Fund units' listing approved

The Karachi Stock Exchange (KSE) has approved the formal listing and quotation of the units of ABL Stock Fund, an Open-End Mutual Fund on the exchange with effect from Friday, July 03, 2009.
Published 03 Jul, 2009 12:00am
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