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Apr 04, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-07-08
Manila extends zero duty on wheat imports

Manila extends zero duty on wheat imports

The Philippines has decided to restore a 7 percent tariff on feed wheat imports and extend a zero duty on imports of food wheat for another six months, Trade Secretary Peter Favila said on Tuesday. Import tariffs on both food and feed wheat were lowered t
Published 08 Jul, 2009 12:00am
President for developing pilot programmes for e-governance

President for developing pilot programmes for e-governance

President Asif Ali Zardari today called for developing pilot e-governance programs to computerise land records, ensure people easy access to critical government service documents, financial and other documents, for greater transparency.
Published 08 Jul, 2009 12:00am
No one will be allowed to challenge government's writ: Malik

No one will be allowed to challenge government's writ: Malik

Federal Minister for Interior, Rehman Malik has said that the government is sincere for the development of Balochistan, bringing it at par with other provinces. "Government is utilising all possible resources for the uplift of Balochistan by resolving peo
Published 08 Jul, 2009 12:00am
US gold lower

US gold lower

US gold futures fell toward $920 an ounce on Monday as tumbling crude oil prices reinforced the view that inflation was nowhere imminent, weighing on bullion's appeal as a store of value. August gold settled down $6.70 to $924.30 an ounce on the COMEX div
Published 08 Jul, 2009 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold prices were little changed on Tuesday, hovering below $930 per ounce as growing doubts about prospects for a quick sustainable recovery in the global economy helped halt the dollar's fall against major currencies. Trade was subdued in a market that h
Published 08 Jul, 2009 12:00am
New York cotton futures marginally down

New York cotton futures marginally down

Cotton futures closed easier on Tuesday on investor liquidation but the ability of the market to pare its losses meant fibre contracts could possibly stabilise in the days ahead, brokers said. The new-crop December cotton contract fell 0.53 cent to close
Published 08 Jul, 2009 12:00am
Copper prices lower

Copper prices lower

Copper prices closed lower on Tuesday as concerns over demand and the world economy persisted, outweighing the fleeting positive impact of upbeat German manufacturing data earlier in the day. Copper for three-months delivery on the London Metal Exchange w
Published 08 Jul, 2009 12:00am
Oil falls below $63

Oil falls below $63

Oil prices fell more than $1 to below $63 a barrel on Tuesday as growing uncertainty over an economic recovery spurred investor risk aversion. A member of US President Barack Obama's economic advisory panel said the world's top oil consumer should plan to
Published 08 Jul, 2009 12:00am
London sugar falls

London sugar falls

August white sugar closed $4.20 lower at $436.50 on Tuesday pressured by investors' caution over prospects for economic recovery and tracking a weaker Reuters/Jefferies CRB index, a global commodities benchmark. September robusta coffee settled $7 higher
Published 08 Jul, 2009 12:00am
Gold steadies

Gold steadies

Gold steadied on Tuesday in Europe, erasing earlier gains, as the dollar recovered lost ground against a basket of currencies, reducing the precious metal's appeal as an alternative asset. Traders are awaiting fresh direction from the foreign exchange mar
Published 08 Jul, 2009 12:00am
US MIDDAY: sugar and coffee down

US MIDDAY: sugar and coffee down

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Tuesday. September arabica coffee contract down 0.80 cent at $1.1730 per lb at 11:08 am EDT (1508 GMT). Session range from $1.1705 to $1.1930. Reversed lower as the US stock market t
Published 08 Jul, 2009 12:00am
US MIDDAY: wheat drops

US MIDDAY: wheat drops

Hard red winter wheat futures on the Kansas City Board of Trade opened higher but quickly turned lower across the board on Tuesday as a steep slide in soyabean futures provided spillover pressure. At 9:35 am CDT (1535 GMT), the Kansas City Board of Trade
Published 08 Jul, 2009 12:00am
US MIDDAY: copper slips

US MIDDAY: copper slips

US copper futures surrendered earlier gains and headed into negative territory Tuesday morning as concerns about the pace of economic recovery weighed on equities and industrial metals alike. Copper for September delivery slipped 1.75 cents to $2.2450 a l
Published 08 Jul, 2009 12:00am
US MIDDAY: soyabeans fall

US MIDDAY: soyabeans fall

Chicago Board of Trade soyabeans dropped sharply on Tuesday, with the August and September contracts falling the 70-cent-per-bushel limit, as a sell-off in crude oil sparked long liquidation in the soya complex, traders said. At 11:40 am CDT (1640 GMT), t
Published 08 Jul, 2009 12:00am
US MIDDAY: gold eases

US MIDDAY: gold eases

US gold futures eased in quiet trade on Tuesday as the combination of a stronger dollar, crude oil losses and listless investment demand failed to increase bullion's appeal as a store of value. August gold down 40 cents to $923.90 an ounce at 10:32 am EDT
Published 08 Jul, 2009 12:00am
Pepco strives to regulate power generation, distribution

Pepco strives to regulate power generation, distribution

Pakistan Electric Power Company (Pepco) has instructed its power distribution companies to establish and operationalise effective control mechanism to monitor and regulate power supply to its domestic, industrial, agriculture and commercial consumers in u
Published 08 Jul, 2009 12:00am
Worst of social, political crisis ahead: WTO

Worst of social, political crisis ahead: WTO

The worst social and political effects of the economic crisis are "still to come," WTO chief Pascal Lamy said on Tuesday, warning these could push countries deeper into trade protectionism. Lamy told reporters he thought "the worst of the crisis in social
Published 08 Jul, 2009 12:00am
Worst of social, political crisis ahead: WTO

Worst of social, political crisis ahead: WTO

The worst social and political effects of the economic crisis are "still to come," WTO chief Pascal Lamy said on Tuesday, warning these could push countries deeper into trade protectionism. Lamy told reporters he thought "the worst of the crisis in social
Published 08 Jul, 2009 12:00am
Worst of social, political crisis ahead: WTO

Worst of social, political crisis ahead: WTO

The worst social and political effects of the economic crisis are "still to come," WTO chief Pascal Lamy said on Tuesday, warning these could push countries deeper into trade protectionism. Lamy told reporters he thought "the worst of the crisis in social
Published 08 Jul, 2009 12:00am
Government machinery becomes functional in Swat

Government machinery becomes functional in Swat

The district administration along with police and other government departments had resumed the functions in the district headquarters of strife-torn Swat. However, Mian Iftikhar Hussein, spokesman of the NWFP government failed to give assurance about rest
Published 08 Jul, 2009 12:00am
Oil price spike: not enough to boost E&P profits

Oil price spike: not enough to boost E&P profits

Lately, there has been much abuzz regarding Pakistan's energy sector with calls to revisit and raise the financial forecast of the sector's exploration and production (E&P) firms. This euphoria is based on the massive 16-percent jump in crude oil prices t
Published 08 Jul, 2009 12:00am
Oil price spike: not enough to boost E&P profits

Oil price spike: not enough to boost E&P profits

Lately, there has been much abuzz regarding Pakistan''s energy sector with calls to revisit and raise the financial forecast of the sector''s exploration and production (E&P) firms. This euphoria is based on the massive 16-percent jump in crude oil prices
Published 08 Jul, 2009 12:00am
Textile industry: Aptma voices concern over gas, electricity scarcity

Textile industry: Aptma voices concern over gas, electricity scarcity

All Pakistan Textile Mills Association (Aptma) has expressed strong concern over scarcity of gas and electricity for textile industry, causing huge production losses besides losing exporting markets world-wide. The Aptma spokesman said the industry was re
Published 08 Jul, 2009 12:00am
LSE index marginally down

LSE index marginally down

Mixed sentiment was seen on Lahore Stock Exchange on Tuesday where equities moved both ways and closed in the green zone amid ascending transaction volume following buying support in oil and fertiliser sectors. The LSE-25 index, however, fractionally decl
Published 08 Jul, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (July 07, 2009).

Published 08 Jul, 2009 12:00am
ISE index gains 1.87 points

ISE index gains 1.87 points

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE), where equities showed plus sign under the lead of trend-setters amid increase in index. ISE Ten Index showed an improvement of 1.87 points as the market closed at 1825.78 points.
Published 08 Jul, 2009 12:00am
ISE index gains 1.87 points

ISE index gains 1.87 points

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE), where equities showed plus sign under the lead of trend-setters amid increase in index. ISE Ten Index showed an improvement of 1.87 points as the market closed at 1825.78 points.
Published 08 Jul, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (July 07, 2009).
Published 08 Jul, 2009 12:00am
KSE advises members for FED registration

KSE advises members for FED registration

After imposition of federal excise duty (FED) on brokerage services, all concerned members of the stock exchange are now required to apply for federal excise registration immediately and start maintaining the prescribed record for the purpose.
Published 08 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 Tuesday (July 07, 2009).

Published 08 Jul, 2009 12:00am
KSE advises members for FED registration

KSE advises members for FED registration

After imposition of federal excise duty (FED) on brokerage services, all concerned members of the stock exchange are now required to apply for federal excise registration immediately and start maintaining the prescribed record for the purpose.
Published 08 Jul, 2009 12:00am
KSE advises members for FED registration

KSE advises members for FED registration

After imposition of federal excise duty (FED) on brokerage services, all concerned members of the stock exchange are now required to apply for federal excise registration immediately and start maintaining the prescribed record for the purpose.
Published 08 Jul, 2009 12:00am
German charged with al Qaeda membership

German charged with al Qaeda membership

A German man of Turkish heritage has been charged with membership in al Qaeda on allegations that he helped procure equipment and funds for the terrorist group, prosecutors said Tuesday. Sermet I., 31, whose last name was not given in line with German pri
Published 08 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 Tuesday (July 07, 2009).

Published 08 Jul, 2009 12:00am
Oil price spike: not enough to boost E&P profits

Oil price spike: not enough to boost E&P profits

Lately, there has been much abuzz regarding Pakistan's energy sector with calls to revisit and raise the financial forecast of the sector's exploration and production (E&P) firms. This euphoria is based on the massive 16-percent jump in crude oil prices t
Published 08 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 Tuesday (July 07, 2009).

Published 08 Jul, 2009 12:00am
LSE index marginally down

LSE index marginally down

Mixed sentiment was seen on Lahore Stock Exchange on Tuesday where equities moved both ways and closed in the green zone amid ascending transaction volume following buying support in oil and fertiliser sectors. The LSE-25 index, however, fractionally decl
Published 08 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 Tuesday (July 07, 2009).

Published 08 Jul, 2009 12:00am
Bhasha dam consultant not coming due to security risk

Bhasha dam consultant not coming due to security risk

The Water and Power Development Authority (Wapda) is in a state of shock over the multi-billion dollars Diamer Bhasha dam, as a Portuguese consultant firm, LNEC, has refused to land in Pakistan due to security risk, official documents and sources told
Published 08 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 08 Jul, 2009 12:00am
Muslim states voice concern over China unrest

Muslim states voice concern over China unrest

Muslim states said they were "deeply concerned" on Tuesday by riots which left at least 156 people dead in China's Xinjiang region, where Muslim Uighurs form the largest ethnic group. The Organisation of the Islamic Conference deplored the "disproportiona
Published 08 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 08 Jul, 2009 12:00am
Muslim states voice concern over China unrest

Muslim states voice concern over China unrest

Muslim states said they were "deeply concerned" on Tuesday by riots which left at least 156 people dead in China's Xinjiang region, where Muslim Uighurs form the largest ethnic group. The Organisation of the Islamic Conference deplored the "disproportiona
Published 08 Jul, 2009 12:00am
Bhasha dam consultant not coming due to security risk

Bhasha dam consultant not coming due to security risk

The Water and Power Development Authority (Wapda) is in a state of shock over the multi-billion dollars Diamer Bhasha dam, as a Portuguese consultant firm, LNEC, has refused to land in Pakistan due to security risk, official documents and sources told
Published 08 Jul, 2009 12:00am
New York cotton

New York cotton

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

Published 08 Jul, 2009 12:00am
Bhasha dam consultant not coming due to security risk

Bhasha dam consultant not coming due to security risk

The Water and Power Development Authority (Wapda) is in a state of shock over the multi-billion dollars Diamer Bhasha dam, as a Portuguese consultant firm, LNEC, has refused to land in Pakistan due to security risk, official documents and sources told
Published 08 Jul, 2009 12:00am
New York cotton

New York cotton

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

Published 08 Jul, 2009 12:00am
KSE index manages 10.88 points gain

KSE index manages 10.88 points gain

The Karachi share market opened on a positive note on Tuesday and KSE-100 index hit 7,661.42 points intra-day high level, up by 122.93 points. But selling pressure after mid-session forced the index into negative zone to 7,532.45 points low, down by 6.04
Published 08 Jul, 2009 12:00am
BRIndex30 ends in positive zone

BRIndex30 ends in positive zone

On Tuesday, the BRIndex30 opened in the positive zone, at 7,065.45, with an upward gap of 93.42 points, and closed at 6,975.85 with a net positive change of 3.82 points and percentage change of 0.05. It experienced intra-day high of 7,121.54 and low of 6,
Published 08 Jul, 2009 12:00am
Bangladesh teas rise

Bangladesh teas rise

The average price of Bangladeshi teas rose by 3.52 percent to 152.61 taka $2.21) per kg on higher demand at the weekly auction on Tuesday, brokers said. Almost the whole of 1.32 million kg on offer, was sold on average at 152.61 taka per kg, up 5.19 taka
Published 08 Jul, 2009 12:00am
BRIndex30 ends in positive zone

BRIndex30 ends in positive zone

On Tuesday, the BRIndex30 opened in the positive zone, at 7,065.45, with an upward gap of 93.42 points, and closed at 6,975.85 with a net positive change of 3.82 points and percentage change of 0.05. It experienced intra-day high of 7,121.54 and low of 6,
Published 08 Jul, 2009 12:00am
China June copper imports seen easing

China June copper imports seen easing

China's imports of unwrought copper and semi-finished copper products are expected to fall from May's record, squeezed by increased prices on the London Metal Exchange, trimming margins for spot inflows. June's imports of refined copper by China, the worl
Published 08 Jul, 2009 12:00am
KSE index manages 10.88 points gain

KSE index manages 10.88 points gain

The Karachi share market opened on a positive note on Tuesday and KSE-100 index hit 7,661.42 points intra-day high level, up by 122.93 points. But selling pressure after mid-session forced the index into negative zone to 7,532.45 points low, down by 6.04
Published 08 Jul, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 68,798 tonnes of cargo including 25,264 tonnes import and 43,534 tonnes export cargo including 3,673 empty and loaded containers during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 66,798 tonnes dry cargo
Published 08 Jul, 2009 12:00am
KSE index manages 10.88 points gain

KSE index manages 10.88 points gain

The Karachi share market opened on a positive note on Tuesday and KSE-100 index hit 7,661.42 points intra-day high level, up by 122.93 points. But selling pressure after mid-session forced the index into negative zone to 7,532.45 points low, down by 6.04
Published 08 Jul, 2009 12:00am
Vietnam coffee sales slow to a trickle

Vietnam coffee sales slow to a trickle

Coffee sales in Vietnam, the world's top robusta producer, slowed to a trickle this week as farmers held back stocks because of low prices, traders said on Tuesday. They said most farmers wanted to sell at 24,000-25,000 dong ($1.35-$1.4) per kg while expo
Published 08 Jul, 2009 12:00am
IMF supports carbon surcharge, says Ross

IMF supports carbon surcharge, says Ross

The International Monetary Fund (IMF) fully supports the carbon surcharge on petroleum products. In answer to a Business Recorder question with regard to imposition of carbon surcharge on POL products in 2009-10 budget, the Resident Representative
Published 08 Jul, 2009 12:00am
Bangladesh summer rice crop set to exceed target

Bangladesh summer rice crop set to exceed target

Bangladesh expects a summer rice crop of 19 million tonnes, 1 million tonnes above target, because of a rise in cultivated area, a senior official of the agriculture ministry said on Tuesday.That is 7.3 percent more than production of 17.7 million tonnes
Published 08 Jul, 2009 12:00am
US wants strong but democratic Russia: Obama

US wants strong but democratic Russia: Obama

President Barack Obama said Tuesday the United States wanted a strong, prosperous but also democratic Russia, as he set out his vision of the US relationship with its former Cold-War era foe. In the most eagerly awaited address of his two-day visit to Mos
Published 08 Jul, 2009 12:00am
US wheat futures drop to four-month low

US wheat futures drop to four-month low

US wheat futures fell to a four-month low on Monday on active harvesting of the US winter wheat crop, a strong dollar and concerns about the global economy. Corn fell to a one-week low while soybeans slipped back to the lowest level in a week on near-perf
Published 08 Jul, 2009 12:00am
US wants strong but democratic Russia: Obama

US wants strong but democratic Russia: Obama

President Barack Obama said Tuesday the United States wanted a strong, prosperous but also democratic Russia, as he set out his vision of the US relationship with its former Cold-War era foe. In the most eagerly awaited address of his two-day visit to Mos
Published 08 Jul, 2009 12:00am
UK factory output shrinks

UK factory output shrinks

British manufacturing output fell unexpectedly in May, denting hopes the economy has already returned to growth and raising expectations policymakers will have to do more to stimulate a recovery. Tuesday's data heightened concern the economy is still some
Published 08 Jul, 2009 12:00am
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