AIRLINK 191.00 Decreased By ▼ -5.65 (-2.87%)
BOP 10.15 Increased By ▲ 0.01 (0.1%)
CNERGY 6.75 Increased By ▲ 0.06 (0.9%)
FCCL 34.35 Increased By ▲ 1.33 (4.03%)
FFL 17.42 Increased By ▲ 0.77 (4.62%)
FLYNG 23.80 Increased By ▲ 1.35 (6.01%)
HUBC 126.30 Decreased By ▼ -0.99 (-0.78%)
HUMNL 13.80 Decreased By ▼ -0.10 (-0.72%)
KEL 4.75 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.55 Increased By ▲ 0.18 (2.83%)
MLCF 43.35 Increased By ▲ 1.13 (2.68%)
OGDC 226.45 Increased By ▲ 13.42 (6.3%)
PACE 7.35 Increased By ▲ 0.34 (4.85%)
PAEL 41.96 Increased By ▲ 1.09 (2.67%)
PIAHCLA 17.24 Increased By ▲ 0.42 (2.5%)
PIBTL 8.45 Increased By ▲ 0.16 (1.93%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 194.30 Increased By ▲ 10.73 (5.85%)
PRL 37.50 Decreased By ▼ -0.77 (-2.01%)
PTC 24.05 Decreased By ▼ -0.02 (-0.08%)
SEARL 94.97 Decreased By ▼ -0.14 (-0.15%)
SILK 1.00 No Change ▼ 0.00 (0%)
SSGC 40.00 Decreased By ▼ -0.31 (-0.77%)
SYM 17.80 Decreased By ▼ -0.41 (-2.25%)
TELE 8.72 Decreased By ▼ -0.01 (-0.11%)
TPLP 12.46 Increased By ▲ 0.25 (2.05%)
TRG 62.74 Decreased By ▼ -1.62 (-2.52%)
WAVESAPP 10.35 Decreased By ▼ -0.09 (-0.86%)
WTL 1.73 Decreased By ▼ -0.06 (-3.35%)
YOUW 4.02 Increased By ▲ 0.02 (0.5%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)
Jan 10, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-07-04
Federer reaches record 20th Grand Slam final

Federer reaches record 20th Grand Slam final

Roger Federer reached a record 20th Grand Slam final and a seventh straight Wimbledon title match with a 7-6 (7/3), 7-5, 6-3 win over German veteran Tommy Haas in the semi-finals on Friday. Five-time Wimbledon champion Federer, who is chasing a record 15t
Published 04 Jul, 2009 12:00am
Chelsea reject City's latest Terry offer

Chelsea reject City's latest Terry offer

Chelsea say they have "completely rejected" an offer reported to be in the region of 30 million pounds by Manchester City for their captain John Terry. This was City's second attempt to lure the 28-year-old, who is under contract until 2012, to Eastlands
Published 04 Jul, 2009 12:00am
Wimbledon at mercy of Williams sisters

Wimbledon at mercy of Williams sisters

Venus and Serena Williams clash in a fourth all-sister Wimbledon final on Saturday determined to prove that their domination of the event is not a backward step for the sport's future welfare. Despite 128 players starting out in the first round last week,
Published 04 Jul, 2009 12:00am
Former ICC chief warns against India-led cartel

Former ICC chief warns against India-led cartel

A Pakistani former head of cricket's international governing body on Friday accused India of exploiting its financial clout by trying to form a cartel of top nations. Former International Cricket Council (ICC) president Ehsan Mani warned against attempts
Published 04 Jul, 2009 12:00am
Williams sisters reach doubles final

Williams sisters reach doubles final

Venus and Serena Williams, who will contest the Wimbledon singles final for a fourth time in Saturday, reached the final of the women's doubles for a second successive year on Friday. The three-time defending champions defeated top seeds Cara Black of Zim
Published 04 Jul, 2009 12:00am
South Korean won turns higher

South Korean won turns higher

The South Korean turned higher against the dollar on Friday as local shares swung to positive territory and helped by exporters' bids for settlements. The won received further support as investors cleared dollar-long positions and booked profits from gain
Published 04 Jul, 2009 12:00am
Taiwan dollar up

Taiwan dollar up

The Taiwan dollar rose on Friday as exporters took advantage of the weak currency to meet cash needs at home, but trade was thin as many investors stayed away ahead of a holiday in the United States. The Taiwan dollar opened at an intraday low of T$33.095
Published 04 Jul, 2009 12:00am
Swiss franc resilient

Swiss franc resilient

The Swiss franc made steady ground against the dollar on Friday but slipped slightly against the euro following a resilient showing against both currencies on Thursday in spite of SNB noises aied at softening the franc. The franc dropped 0.1 percent again
Published 04 Jul, 2009 12:00am
Asian currencies move mixed

Asian currencies move mixed

The Indonesian rupiah fell on profit-taking on Friday as investors took advantage of its recent rally and the dollar's lingering strength, while the Malaysian ringgit followed the euro lower. The euro pared some losses against the dollar after hitting a o
Published 04 Jul, 2009 12:00am
Hong Kong dollar ends flat

Hong Kong dollar ends flat

The Hong Kong dollar held within a narrow range against the US dollar on Friday, while interbank rates nudged lower after further fund injections by the Hong Kong Monetary Authority (HKMA) during New York trading hours to defend the currency peg and amid
Published 04 Jul, 2009 12:00am
Australian dollar recovers

Australian dollar recovers

The Australian dollar recovered almost a cent on Friday from near two-week lows struck offshore as robust domestic data helped offset fresh doubts on the global recovery following gloomy US jobs data. While the jobs report from the US weighed down on stoc
Published 04 Jul, 2009 12:00am
Dollar up as jobs data raises

Dollar up as jobs data raises

The dollar rose against major currencies on Thursday after bleak US jobs data renewed concerns about the economy and enhanced the greenback's safe-haven appeal. US Treasury bonds rose and stocks fell more than 2 percent after a government report showed US
Published 04 Jul, 2009 12:00am
Euro off lows

Euro off lows

The euro struggled back from its lowest levels in a week on Friday, after a wave of sell orders compounded losses made on bleak US jobs numbers, and it found support as some investors judged it may have slipped too far. Dealers said the euro hit stop-loss
Published 04 Jul, 2009 12:00am
Chinese yuan ends down

Chinese yuan ends down

The yuan closed slightly weaker against the dollar on Friday as the Chinese central bank fixed a lower reference rate after the dollar rose overnight on risk-aversion buying propelled by weak US June jobs figures. But yuan trading was quiet as dealers sai
Published 04 Jul, 2009 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 0.27 percent lower on Friday, pulled down by a slump in overseas markets as foreign investors stayed on the sidelines, dealers said. The composite index fell 6.70 points to 2,431.34 while the all-shares index shed 0.16 perc
Published 04 Jul, 2009 12:00am
Chinese shares climb

Chinese shares climb

Chinese shares rose 0.92 percent on Friday as news that Beijing will further limit large volume sales of state-owned shares, dealers said. The Shanghai Composite Index, which covers A and B shares, was up 28.11 points to 3,088.37 on turnover of 177.4 bill
Published 04 Jul, 2009 12:00am
Nikkei sags

Nikkei sags

Japan's Nikkei stock average lost 0.6 percent on Friday to end the week down, bruised by US jobs data that dented hopes of economic recovery and dragged down by retailers after Seven & I tumbled on poor results. Oil-linked shares fared badly after oil ext
Published 04 Jul, 2009 12:00am
Seoul shares make gains

Seoul shares make gains

Seoul shares rose on Friday, rebounding from an early 1.6 percent drop, as gains by some technology and pharmaceutical issues lent support to the index. The Korea Composite Stock Price Index (KOSPI) finished up 0.61 percent at 1,420.04 points.
Published 04 Jul, 2009 12:00am
Singapore shares tumble

Singapore shares tumble

Singapore shares closed 0.91 percent lower on Friday, tracking overnight Wall Street losses in reaction to disappointing US jobs data, dealers said. The main Straits Times Index dropped 21.07 points to 2,299.75. Volume totalled 1.08 billion shares worth 8
Published 04 Jul, 2009 12:00am
US Treasury bond prices rally

US Treasury bond prices rally

US Treasury bond prices climbed on Thursday as an unexpectedly sharp drop in June payrolls shook confidence in the prospects of economic stabilisation, though supply concerns limited gains. The Treasury Department announced the sale of $73 billion in long
Published 04 Jul, 2009 12:00am
Malaysian shares slip

Malaysian shares slip

Malaysian shares closed down 0.6 percent on Friday on weak sentiment following poor US economic data overnight, dealers said. The Kuala Lumpur Composite Index fell 6.02 points to close at 1,072.69 with a volume of 1.1 billion shares worth 983.87 million r
Published 04 Jul, 2009 12:00am
US Treasury bond prices rally

US Treasury bond prices rally

US Treasury bond prices climbed on Thursday as an unexpectedly sharp drop in June payrolls shook confidence in the prospects of economic stabilisation, though supply concerns limited gains. The Treasury Department announced the sale of $73 billion in long
Published 04 Jul, 2009 12:00am
Bleak payrolls report mauls Wall Street

Bleak payrolls report mauls Wall Street

US stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects. News that US employers shed nearly half a million jobs
Published 04 Jul, 2009 12:00am
Taiwan stocks edge down

Taiwan stocks edge down

Taiwan stocks edged down 0.03 percent on Friday, with weak US jobs data sending TSMC and other export-reliant technology shares lower, but gains in financial shares helped contain the decline. The main TAIEX share index closed 2.13 points lower at 6,665.4
Published 04 Jul, 2009 12:00am
Hong Kong shares slightly firmer

Hong Kong shares slightly firmer

Hong Kong share prices finished 0.14 percent higher on Friday, supported by gains in energy stocks due to lower oil prices and improved demand for coal, dealers said. The benchmark Hang Seng Index added 25.35 points to 18,203.40. Turnover was 54.29 billio
Published 04 Jul, 2009 12:00am
JGB futures hit three-month high

JGB futures hit three-month high

Japanese government bonds climbed and futures hit a three-month high on Friday as stocks dropped after bleak US jobs data dampened expectations about the pace of economic recovery, helping demand for government debt. Investors continued to pick up cash bo
Published 04 Jul, 2009 12:00am
The Weather

The Weather

The weather report on Friday (July 03, 2009) and the forecast for Saturday (July 04, 2009).

Published 04 Jul, 2009 12:00am
JGB futures hit three-month high

JGB futures hit three-month high

Japanese government bonds climbed and futures hit a three-month high on Friday as stocks dropped after bleak US jobs data dampened expectations about the pace of economic recovery, helping demand for government debt. Investors continued to pick up cash bo
Published 04 Jul, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 03, 2009).

Published 04 Jul, 2009 12:00am
China to urge US not to levy tyre duties

China to urge US not to levy tyre duties

Beijing will urge US President Barack Obama to desist from imposing duties on Chinese tyres because such a step would send a worrying signal about trade protectionism, China's commerce ministry said on Friday. The US International Trade Commission recomme
Published 04 Jul, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 03, 2009).

Published 04 Jul, 2009 12:00am
Moody's strips Ireland of its last AAA rating

Moody's strips Ireland of its last AAA rating

Moody's on Thursday cut Ireland's government bond rating to 'Aa1' from 'Aaa', becoming the last of the three main agencies to strip one of the industrialised world's worst performing economies of its top credit rating. "Moody's concluded that there was a
Published 04 Jul, 2009 12:00am
Army helicopter crash kills 26: Taliban claim downing

Army helicopter crash kills 26: Taliban claim downing

At least 26 security personnel on board a military helicopter were killed at the border of Orakzai and Khyber agency on Friday when it crashed due to a technical fault, security officials said. The accident occurred on the border of the semi-autonomous Or
Published 04 Jul, 2009 12:00am
Indonesian central bank cuts rates, cycle almost ended

Indonesian central bank cuts rates, cycle almost ended

Indonesia's central bank cut its key interest rate by 25 basis points to a record low of 6.75 percent on Friday and signalled it was nearing the end of a rate cutting cycle. Bank Indonesia said inflation was not a concern despite a surge in global commodi
Published 04 Jul, 2009 12:00am
Army helicopter crash kills 26: Taliban claim downing

Army helicopter crash kills 26: Taliban claim downing

At least 26 security personnel on board a military helicopter were killed at the border of Orakzai and Khyber agency on Friday when it crashed due to a technical fault, security officials said. The accident occurred on the border of the semi-autonomous Or
Published 04 Jul, 2009 12:00am
Moody's strips Ireland of its last AAA rating

Moody's strips Ireland of its last AAA rating

Moody's on Thursday cut Ireland's government bond rating to 'Aa1' from 'Aaa', becoming the last of the three main agencies to strip one of the industrialised world's worst performing economies of its top credit rating. "Moody's concluded that there was a
Published 04 Jul, 2009 12:00am
17 die in US missile strike

17 die in US missile strike

US missiles struck a training facility operated by Taliban leader Baitullah Mehsud and a militant communication centre on Friday, killing 17 people and wounding 27 others, intelligence officials said. The two attacks by drone aircraft took place in South
Published 04 Jul, 2009 12:00am
California in 'fiscal emergency' over budget woes

California in 'fiscal emergency' over budget woes

California Governor Arnold Schwarzenegger declared a fiscal emergency on Wednesday, forcing lawmakers to tackle a budget gap that has raised the prospect of drastic measures to keep the state working. Lawmakers debated late into the night Tuesday but coul
Published 04 Jul, 2009 12:00am
17 die in US missile strike

17 die in US missile strike

US missiles struck a training facility operated by Taliban leader Baitullah Mehsud and a militant communication centre on Friday, killing 17 people and wounding 27 others, intelligence officials said. The two attacks by drone aircraft took place in South
Published 04 Jul, 2009 12:00am
Manila central bank mulling how to end easing cycle

Manila central bank mulling how to end easing cycle

The Philippines' central bank chief on Friday again signalled that investors could expect an interest rate cut next week as the bank considers when to join Asian peers in halting the monetary easing cycle. "It is not the time to implement an exit strategy
Published 04 Jul, 2009 12:00am
FBR to fully enforce VAT at retail stage by July 2010

FBR to fully enforce VAT at retail stage by July 2010

The Federal Board of Revenue has finally decided to fully enforce Value Added Tax (VAT) regime at the entire retail stage including big retailers, retail outlets, manufacturers, wholesalers, distributors, suppliers and shopkeepers from July 1, 2010.
Published 04 Jul, 2009 12:00am
New bubbles rising in China property market: state media

New bubbles rising in China property market: state media

China's recent moves to ease curbs on the real estate sector have sent prices soaring recently, stoking fears that new property bubbles are forming, state media reported Friday. Residential property prices in Beijing's Central Business District rose 6.5 p
Published 04 Jul, 2009 12:00am
FBR to fully enforce VAT at retail stage by July 2010

FBR to fully enforce VAT at retail stage by July 2010

The Federal Board of Revenue has finally decided to fully enforce Value Added Tax (VAT) regime at the entire retail stage including big retailers, retail outlets, manufacturers, wholesalers, distributors, suppliers and shopkeepers from July 1, 2010.
Published 04 Jul, 2009 12:00am
Australian vehicle sales surge, services rebound

Australian vehicle sales surge, services rebound

Australian vehicles sales surged in June to their third highest volume ever while activity in the service sector boasted the first expansion in 15 months, evidence that policy stimulus was fuelling consumer demand. The upbeat industry reports only added t
Published 04 Jul, 2009 12:00am
FBR to fully enforce VAT at retail stage by July 2010

FBR to fully enforce VAT at retail stage by July 2010

The Federal Board of Revenue has finally decided to fully enforce Value Added Tax (VAT) regime at the entire retail stage including big retailers, retail outlets, manufacturers, wholesalers, distributors, suppliers and shopkeepers from July 1, 2010.
Published 04 Jul, 2009 12:00am
Eurozone ministers to raise fears of slow recovery

Eurozone ministers to raise fears of slow recovery

Eurozone finance ministers are expected to voice fears on Monday that a recovery from the economic crisis could be slow as the region's ability to generate new wealth will shrink, diplomats said. At a monthly meeting, the ministers are also likely to conc
Published 04 Jul, 2009 12:00am
Plea to reverse budgetary decision on DTRE approval

Plea to reverse budgetary decision on DTRE approval

Exporters have approached the Federal Board of Revenue for withdrawal of a customs-related budgetary decision to transfer the powers of Duty and Tax Remission of Export (DTRE) approvals from collectors of customs to sales tax collectors. In budget 2009-10
Published 04 Jul, 2009 12:00am
Investment cut at huge Kazakhstan oil field: company

Investment cut at huge Kazakhstan oil field: company

The international consortium developing the giant Kashagan oil field in Kazakhstan will cut spending on the project due to the global economic crisis, the Kazakh state energy company said Thursday. But the decision should not delay the start of production
Published 04 Jul, 2009 12:00am
Plea to reverse budgetary decision on DTRE approval

Plea to reverse budgetary decision on DTRE approval

Exporters have approached the Federal Board of Revenue for withdrawal of a customs-related budgetary decision to transfer the powers of Duty and Tax Remission of Export (DTRE) approvals from collectors of customs to sales tax collectors. In budget 2009-10
Published 04 Jul, 2009 12:00am
Bank of Ireland's lending margins under pressure

Bank of Ireland's lending margins under pressure

Bank of Ireland said on Friday its lending margins were under pressure in a competitive market, weakening its defences against billions of euros of expected losses from soured property loans. "I have no doubt that we face a difficult and demanding journey
Published 04 Jul, 2009 12:00am
UK embassy staff face trial

UK embassy staff face trial

A senior Iranian cleric warned on Friday that detained British embassy staff would face trial for their alleged role in post-election unrest, and EU countries summoned Iranian envoys to protest against the detentions. Britain said it was urgently seeking
Published 04 Jul, 2009 12:00am
'Carbon tariff' proposals breach WTO rules: China

'Carbon tariff' proposals breach WTO rules: China

A proposal to impose "carbon tariffs" on imported products will violate the rules of the World Trade Organisation as well as the spirit of the Kyoto Protocol, China's Ministry of Commerce said. In a statement posted on its website, the ministry said colle
Published 04 Jul, 2009 12:00am
Plea to reverse budgetary decision on DTRE approval

Plea to reverse budgetary decision on DTRE approval

Exporters have approached the Federal Board of Revenue for withdrawal of a customs-related budgetary decision to transfer the powers of Duty and Tax Remission of Export (DTRE) approvals from collectors of customs to sales tax collectors. In budget 2009-10
Published 04 Jul, 2009 12:00am
Trichet sees confidence key to recovery

Trichet sees confidence key to recovery

A recovery in confidence by households and businesses will be crucial to economic recovery, European Central Bank President Jean-Claude Trichet said, according to the transcript of a television interview. "Households themselves can fight back," he said, a
Published 04 Jul, 2009 12:00am
ISE index loses 8.22 points

ISE index loses 8.22 points

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) on Friday where equities showed negative signs amid decrease in index. ISE Ten Index showed a decrease of 8.22 points as it closed at 1,799.03 points. The volume of trade amounted to
Published 04 Jul, 2009 12:00am
India's railway budget focuses on fares, services

India's railway budget focuses on fares, services

India's railway minister unveiled a mix of populist measures, including cheap tickets for the poor and no increase in freight or passenger fares, as well as steps to boost the sprawling system's efficiency and finances. Friday's railway budget speech unde
Published 04 Jul, 2009 12:00am
UK embassy staff face trial

UK embassy staff face trial

A senior Iranian cleric warned on Friday that detained British embassy staff would face trial for their alleged role in post-election unrest, and EU countries summoned Iranian envoys to protest against the detentions. Britain said it was urgently seeking
Published 04 Jul, 2009 12:00am
Rio wraps up rights issue, Australian demand strong

Rio wraps up rights issue, Australian demand strong

Global miner Rio Tinto wrapped up one of the world's biggest rights issues on Friday, saying Australian shareholders had taken up 95 percent of their entitlements to the new shares. On Thursday, British shareholders had taken up 97 percent of the deeply-d
Published 04 Jul, 2009 12:00am
South Korea to amend laws for Islamic bond issues

South Korea to amend laws for Islamic bond issues

South Korea plans to amend laws to help local companies issue Islamic bonds, finance ministry officials said on Friday. Islamic bonds, or sukuk, do not pay interest and are underpinned by tangible assets. South Korea''s tax laws recognise interest that bo
Published 04 Jul, 2009 12:00am
Japan's new foreign exchange tsar seen sticking to current stance

Japan's new foreign exchange tsar seen sticking to current stance

International policy veteran Rintaro Tamaki, who will become Japan's top currency diplomat in a regular personnel reshuffle at the Finance Ministry, is not expected to make major changes in policy, despite facing a number of thorny issues. Tamaki, who tak
Published 04 Jul, 2009 12:00am
South Korea to amend laws for Islamic bond issues

South Korea to amend laws for Islamic bond issues

South Korea plans to amend laws to help local companies issue Islamic bonds, finance ministry officials said on Friday. Islamic bonds, or sukuk, do not pay interest and are underpinned by tangible assets. South Korea's tax laws recognise interest that bon
Published 04 Jul, 2009 12:00am
US regulators close seven banks

US regulators close seven banks

US bank regulators closed seven institutions on Thursday, including six banks in Illinois controlled by one family and a small bank in Dallas, bringing the total number of US bank failures to 52 so far this year. Founders Bank, of Worth, Illinois, was the
Published 04 Jul, 2009 12:00am
South Korea to amend laws for Islamic bond issues

South Korea to amend laws for Islamic bond issues

South Korea plans to amend laws to help local companies issue Islamic bonds, finance ministry officials said on Friday. Islamic bonds, or sukuk, do not pay interest and are underpinned by tangible assets. South Korea's tax laws recognise interest that bon
Published 04 Jul, 2009 12:00am
Major nations should back dollar as key currency: Japan

Major nations should back dollar as key currency: Japan

Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday. China has asked for debate on
Published 04 Jul, 2009 12:00am
Case registered against Zulfiqar Mirza

Case registered against Zulfiqar Mirza

The Sohrab Goth police have registered a case against Sindh Home Minister Dr Zulfiqar Mirza, District Police Officer (DPO) Rao Anwar, DSP Gadap Town Iftikhar Lodhi, SHO Sohrab Goth Nasir-ul-Hasan and SHO Gulshan-e-Maymar Amanullah Marwat for killing two S
Published 04 Jul, 2009 12:00am
Eurozone retail sales fall further

Eurozone retail sales fall further

Eurozone retail sales fell further than expected in May, data showed on Friday, dampening hopes that an improvement in consumer spending might ease the recession. Retail sales in the 16-country currency area fell 0.4 percent month-on-month, the European U
Published 04 Jul, 2009 12:00am
Case registered against Zulfiqar Mirza

Case registered against Zulfiqar Mirza

The Sohrab Goth police have registered a case against Sindh Home Minister Dr Zulfiqar Mirza, District Police Officer (DPO) Rao Anwar, DSP Gadap Town Iftikhar Lodhi, SHO Sohrab Goth Nasir-ul-Hasan and SHO Gulshan-e-Maymar Amanullah Marwat for killing two S
Published 04 Jul, 2009 12:00am
Global Fund faces about $3 billion aid shortfall

Global Fund faces about $3 billion aid shortfall

The Global Fund to Fight AIDS, Tuberculosis and Malaria is facing a budget hole of about $3 billion as the recession dries up foreign aid, the Geneva-based funding body said on Friday. Spokeswoman Marcela Rojo said that $170 million is still needed to pay
Published 04 Jul, 2009 12:00am
ISE index loses 8.22 points

ISE index loses 8.22 points

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) on Friday where equities showed negative signs amid decrease in index. ISE Ten Index showed a decrease of 8.22 points as it closed at 1,799.03 points. The volume of trade amounted to
Published 04 Jul, 2009 12:00am
US toxic securities funds launch seen at $20 billion

US toxic securities funds launch seen at $20 billion

The US Treasury will launch its public/private investment fund program to buy up toxic securities with an initial funding of $20 billion from public and private sources, a level scaled back considerably from initial plans, people familiar with the matter
Published 04 Jul, 2009 12:00am
US Marines push deeper into southern Afghan towns

US Marines push deeper into southern Afghan towns

US Marines pushed deeper into Taliban areas of southern Afghanistan on Friday, seeking to cut insurgent supply lines and win over local elders on the second day of the biggest US military operation here since the American-led invasion of 2001.
Published 04 Jul, 2009 12:00am
US toxic securities funds launch seen at $20 billion

US toxic securities funds launch seen at $20 billion

The US Treasury will launch its public/private investment fund program to buy up toxic securities with an initial funding of $20 billion from public and private sources, a level scaled back considerably from initial plans, people familiar with the matter
Published 04 Jul, 2009 12:00am
South Korea to amend laws for Islamic bond issues

South Korea to amend laws for Islamic bond issues

South Korea plans to amend laws to help local companies issue Islamic bonds, finance ministry officials said on Friday. Islamic bonds, or sukuk, do not pay interest and are underpinned by tangible assets. South Korea''''s tax laws recognise interest that
Published 04 Jul, 2009 12:00am
China moves on Opel with BAIC bid

China moves on Opel with BAIC bid

A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday. State-owned Beijing Automotive (BAIC) has submitted an indicative, non-binding offer for German
Published 04 Jul, 2009 12:00am
Pakistan's economy looking for lubricants

Pakistan's economy looking for lubricants

Pakistan's economy is in desperate search for a lubricant, as the latest data reveals that credit to private sector nearly zeroed in the first eleven months of fiscal year 2008-09 (it is actually in negative territory as per weekly data released by SBP),
Published 04 Jul, 2009 12:00am
German lower house approves 'bad bank' plan

German lower house approves 'bad bank' plan

Germany's Bundestag lower house of parliament approved a "bad bank" plan on Friday that aims to relieve banks by enabling them to shift billions of euros in troubled assets off their books. The parliamentary parties in the ruling coalition earlier this we
Published 04 Jul, 2009 12:00am
US Marines push deeper into southern Afghan towns

US Marines push deeper into southern Afghan towns

US Marines pushed deeper into Taliban areas of southern Afghanistan on Friday, seeking to cut insurgent supply lines and win over local elders on the second day of the biggest US military operation here since the American-led invasion of 2001.
Published 04 Jul, 2009 12:00am
US rice futures higher

US rice futures higher

US rice futures on the Chicago Board of Trade rallied to a two-week high on Thursday, fuelled by technical buying after the market surpassed several key moving averages, traders said. Weekly export sales data issued by USDA was supportive, although there
Published 04 Jul, 2009 12:00am
Pakistan''''s economy looking for lubricants

Pakistan''''s economy looking for lubricants

Pakistan''''s economy is in desperate search for a lubricant, as the latest data reveals that credit to private sector nearly zeroed in the first eleven months of fiscal year 2008-09 (it is actually in negative territory as per weekly data released by SBP
Published 04 Jul, 2009 12:00am
US copper lower

US copper lower

US copper futures ended lower on Thursday, as a stronger dollar and concerns about economic recovery from weak June US unemployment data weighed on values ahead of the long holiday weekend. New York commodity markets will be closed Friday in observance of
Published 04 Jul, 2009 12:00am
Pakistan''s economy looking for lubricants

Pakistan''s economy looking for lubricants

Pakistan''s economy is in desperate search for a lubricant, as the latest data reveals that credit to private sector nearly zeroed in the first eleven months of fiscal year 2008-09 (it is actually in negative territory as per weekly data released by SBP),
Published 04 Jul, 2009 12:00am
Shanghai copper falls

Shanghai copper falls

Shanghai copper ended down 1 percent on Friday, after dismal US job data raised doubts about a speedy economic recovery, but traders and analysts expect demand for the industrial metal to improve in the second half of the year despite the summer lull. The
Published 04 Jul, 2009 12:00am
Pakistan's economy looking for lubricants

Pakistan's economy looking for lubricants

Pakistan's economy is in desperate search for a lubricant, as the latest data reveals that credit to private sector nearly zeroed in the first eleven months of fiscal year 2008-09 (it is actually in negative territory as per weekly data released by SBP),
Published 04 Jul, 2009 12:00am
Oil steadies below $67 in Asia

Oil steadies below $67 in Asia

Oil steadied below $67 a barrel on Friday, after a nearly 4 percent fall overnight as high jobless numbers across the US and Europe revived concerns about the global economic outlook and its impact on energy demand. In the latest signal the economy of the
Published 04 Jul, 2009 12:00am
Traders announce shutter down strike today

Traders announce shutter down strike today

Traders of Lahore have announced complete shutter down strike today against loadshedding, surging petroleum prices and increasing rates of electricity. According to Anjumane Tajiran Pakistan President Haji Maqsood Markets which include wholesale and retai
Published 04 Jul, 2009 12:00am
New York sugar slides

New York sugar slides

Raw sugar futures settled easier Thursday on investor profit-taking, and the market may slip further as part of a correction although underlying demand may limit losses, brokers said. The key October raw sugar contract fell 0.17 cent to finish at 17.58 ce
Published 04 Jul, 2009 12:00am
Traders announce shutter down strike today

Traders announce shutter down strike today

Traders of Lahore have announced complete shutter down strike today against loadshedding, surging petroleum prices and increasing rates of electricity. According to Anjumane Tajiran Pakistan President Haji Maqsood Markets which include wholesale and retai
Published 04 Jul, 2009 12:00am
Malaysian tin declines

Malaysian tin declines

Malaysian tin retreated 1.9 percent on Friday, weighed by falling London Metal Exchange prices and an increase in selling orders, one dealer said.
Published 04 Jul, 2009 12:00am
Traders announce shutter down strike today

Traders announce shutter down strike today

Traders of Lahore have announced complete shutter down strike today against loadshedding, surging petroleum prices and increasing rates of electricity. According to Anjumane Tajiran Pakistan President Haji Maqsood Markets which include wholesale and retai
Published 04 Jul, 2009 12:00am
Tokyo rubber futures edge higher

Tokyo rubber futures edge higher

Key Tokyo rubber futures edged higher on Friday, rebounding from a 2 percent drop to a one-week low earlier in the day. A discount in prices of the nearby July futures contract to prices in the physical rubber market lured traders aiming to receive delive
Published 04 Jul, 2009 12:00am
Traders threaten indefinite strike against new petroleum prices

Traders threaten indefinite strike against new petroleum prices

Trade leader Malik Sohail on Friday said traders will observe protests as well as indefinite strike if decision to hike petroleum prices and electricity tariff was not taken back immediately. He appealed to the Apex court to save masses from the clutches
Published 04 Jul, 2009 12:00am
Cotton crop may be higher-than-expected

Cotton crop may be higher-than-expected

Stable trend was seen on the cotton market on Friday despite the prediction for higher-than-expected production, dealers said. The official spot rate was unchanged at Rs 3,350; they said. Phutti prices in Punjab were unchanged at Rs 1,800-1,825 while in S
Published 04 Jul, 2009 12:00am
World Bank to give $134.68 million for various projects

World Bank to give $134.68 million for various projects

The Government of Pakistan here on Friday signed two agreements with the World Bank amounting to US $134.68 million for financing projects in different sectors, namely: Third Partnership for Polio Eradication Project (US $74.68 million) & Social Safety Ne
Published 04 Jul, 2009 12:00am
US corn futures lower

US corn futures lower

US corn futures closed lower on Thursday with good crop weather in the United States, lingering pressure from Tuesday's bearish US corn acreage forecast, a firm dollar, lower crude oil and weak equity markets combining to weigh on the market.
Published 04 Jul, 2009 12:00am
World Bank to give $134.68 million for various projects

World Bank to give $134.68 million for various projects

The Government of Pakistan here on Friday signed two agreements with the World Bank amounting to US $134.68 million for financing projects in different sectors, namely: Third Partnership for Polio Eradication Project (US $74.68 million) & Social Safety Ne
Published 04 Jul, 2009 12:00am
No change on grain market

No change on grain market

No change was seen on the wholesale grain market on Friday as buyers were busy in Juma prepations.
Published 04 Jul, 2009 12:00am
World Bank to give $134.68 million for various projects

World Bank to give $134.68 million for various projects

The Government of Pakistan here on Friday signed two agreements with the World Bank amounting to US $134.68 million for financing projects in different sectors, namely: Third Partnership for Polio Eradication Project (US $74.68 million) & Social Safety Ne
Published 04 Jul, 2009 12:00am
World Bank to give $134.68 million for various projects

World Bank to give $134.68 million for various projects

The Government of Pakistan here on Friday signed two agreements with the World Bank amounting to US $134.68 million for financing projects in different sectors, namely: Third Partnership for Polio Eradication Project (US $74.68 million) & Social Safety Ne
Published 04 Jul, 2009 12:00am
US Midwest corn bids firm, soyabeans steady

US Midwest corn bids firm, soyabeans steady

Spot basis bids for corn were mostly steady to firm at elevators and processors around the US Midwest on Friday while soyabeans were steady to slightly lower, grain dealers said. Farmer selling of both commodities was dull as futures eased at the Chicago
Published 04 Jul, 2009 12:00am
Previous Day