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Print - 2009-08-18
Action against profiteers, hoarders initiated in Hyderabad

Action against profiteers, hoarders initiated in Hyderabad

The Revenue Officers having special judicial powers have initiated action against the profiteers and hoarders of edible items in Hyderabad district. The DCO Hyderabad Aftab Ahmed Khatri saying this further said that the Revenue Magistrates have been direc
Published 18 Aug, 2009 12:00am
Trade policy more creative, less innovative

Trade policy more creative, less innovative

The Professor of Harvard University, Theodore Levitt, once said that the trouble with much of the advice that businesses get today, about the need to be more vigorously creative, is that its advocates often fail to distinguish between creativity and innov
Published 18 Aug, 2009 12:00am
Monetary policy statement: a cautious, prudent approach

Monetary policy statement: a cautious, prudent approach

It was not a secret that the State Bank of Pakistan (SBP) was going to ease the monetary policy of the country. Basing their argument mainly on a consistent decline in the inflation rate, its top officials had been hinting at such a possibility in the rec
Published 18 Aug, 2009 12:00am
Cardiac surgery to start at FIC from October

Cardiac surgery to start at FIC from October

In pursuance of directions of Chief Minister Punjab Mohammad Shahbaz Sharif, internationally known and well-reputed cardiologists as well as cardiac surgeons are being recruited at Faisalabad Institute of Cardiology (FIC) while cardiac surgery will be sta
Published 18 Aug, 2009 12:00am
UHS holds seminar

UHS holds seminar

The University of Health Sciences (UHS) has organised a national symposium on Recent Trends in Pharmacotherapy here on Monday. The symposium was arranged by pharmacology department of the university. UHS Vice Chancellor Professor M H Mubbashar inaugurated
Published 18 Aug, 2009 12:00am
SAI's preparations to hold 'Eid Bachat Bazaar' afoot

SAI's preparations to hold 'Eid Bachat Bazaar' afoot

The Site Association of Industry (SAI) has started its preparations to hold its annual Eid Bachat Bazaar, which would start from August 26, 2009 continue till September 9, 2009. Sindh Governor Dr Ishratul Ibad Khan, would inaugurate the Bazaar. The SAI ha
Published 18 Aug, 2009 12:00am
Need for five-year leather policy stressed

Need for five-year leather policy stressed

Pakistan's leather sector has potential to push up the exports of leather and leather products five times ie to $5 billion, provided an incentive package in line with the textile sector is announced for the leather industry.
Published 18 Aug, 2009 12:00am
Ecnec likely to approve $1.58 billion KCR project

Ecnec likely to approve $1.58 billion KCR project

The Executive Committee of National Economic Council (Ecnec) is likely to approve the much delayed $1.58 billion Karachi Circular Railway (KCR) project in its meeting on Thursday. According to sources, the project has been included in the agenda of Ecnec'
Published 18 Aug, 2009 12:00am
FBR selects 231 companies for composite audit

FBR selects 231 companies for composite audit

The Federal Board of Revenue (FBR) has sent a list of some 231 companies to Karachi Regional Tax Office (RTO) for composite audit of sales tax and income tax, which is expected to start in about two weeks. Sources told Business Recorder on Monday t
Published 18 Aug, 2009 12:00am
Balkan loan guarantors struggle to pay others' debts

Balkan loan guarantors struggle to pay others' debts

When Alma, a Bosnian single mother of two, agreed to act as a loan guarantor for a colleague, she never imagined the day would come when she would actually have to pay the debt. Yet that is exactly what happened to the Sarajevo high school administrator w
Published 18 Aug, 2009 12:00am
Poultry and livestock contributed 1.1 percent to GDP in fiscal year 2009

Poultry and livestock contributed 1.1 percent to GDP in fiscal year 2009

Poultry and livestock sector generated Rs 18.8 billion revenue during 2008-09, contributing 1.1 percent to the GDP, hence timely preventive measures are necessary to eliminate spread of diseases, like avian influenza associated with the industry, and to b
Published 18 Aug, 2009 12:00am
JPMC likely to start evening shift: Senator

JPMC likely to start evening shift: Senator

Jinnah Postgraduate Medical Centre (JPMC), a federal government-run hospital, is likely to start evening shift to cater the need of 20 million people of Sindh. This was stated by Kalsoom Parveen, Chairperson Senate Standing Committee on Health while addre
Published 18 Aug, 2009 12:00am
Sindh government rejects customs claim on unclaimed vehicles

Sindh government rejects customs claim on unclaimed vehicles

The Sindh government has rejected the claim of the Pakistan Customs over the ownership of at least 82 vehicles lying with the Central Vehicle Pool, commonly known as Nazarat, saying that it is the property of the provincial government, it is reliably lear
Published 18 Aug, 2009 12:00am
Malakand University: Shringle campus to get university status

Malakand University: Shringle campus to get university status

NWFP Governor Owais Ahmed Ghani has said that the Shringle campus of Malakand University in Upper Dir district would soon be upgraded to the status of a complete University, adding that efforts were afoot for construction of a new campus building and appo
Published 18 Aug, 2009 12:00am
METRO Cash & Carry supports Sindh government's school programme

METRO Cash & Carry supports Sindh government's school programme

METRO Cash & Carry has fulfilled its Corporate Social Responsibility by working in close co-ordination with the Education Department Government of Sindh on a school facility, the Government Primary School. This is for the second time, under its global Car
Published 18 Aug, 2009 12:00am
Senate panel for increasing salaries of Levies, Khasadar forces in Fata

Senate panel for increasing salaries of Levies, Khasadar forces in Fata

The Senate panel on States and Frontiers Regions (Safron) has demanded the government to increase the salaries of Levies and Khasadar forces personnel-an organ of law enforcement agencies-as they are getting only Rs 2,600, while militants are paid Rs 10,0
Published 18 Aug, 2009 12:00am
13 terrorists killed, base camp destroyed in Swat

13 terrorists killed, base camp destroyed in Swat

Security Forces (SF) have destroyed a base camp of terrorists in Shaheed Sar village of Sar Qila Swat valley, killed 13 terrorists, arrested eight others besides recovering huge cache of arms, ammunition and explosive in 'Operation Rah e Raast' in Swat an
Published 18 Aug, 2009 12:00am
Betterment of people our main objective: Kaira

Betterment of people our main objective: Kaira

Federal Minister for Information and Broadcasting, Qamar Zaman Kaira on Monday said betterment of all Pakistanis is prime focus of PPP-led government, as numerous measures have been adopted to put the country on a right constitutional and democratic path.
Published 18 Aug, 2009 12:00am
PSEB urged to explore opportunities in Chinese banking sector

PSEB urged to explore opportunities in Chinese banking sector

The NetSol Technologies Limited Chairman and Chief Executive Officer Salim Ghauri has urged the Pakistan Software Export Board (PSEB) to constitute a task force immediately to explore the automation opportunities in China. China is an immediate opportunit
Published 18 Aug, 2009 12:00am
PSEB urged to explore opportunities in Chinese banking sector

PSEB urged to explore opportunities in Chinese banking sector

The NetSol Technologies Limited Chairman and Chief Executive Officer Salim Ghauri has urged the Pakistan Software Export Board (PSEB) to constitute a task force immediately to explore the automation opportunities in China. China is an immediate opportunit
Published 18 Aug, 2009 12:00am
Hearing of Dr Aafia's recovery petition adjourned

Hearing of Dr Aafia's recovery petition adjourned

The Lahore High Court (LHC) here on Monday adjourned till August 27 the hearing of a habeas corpus petition seeking recovery of Dr Aafia Siddiqui from American detention as deputy attorney general sought time to file comments as ministries of Foreign Affa
Published 18 Aug, 2009 12:00am
US MIDDAY: copper plunges

US MIDDAY: copper plunges

US copper futures gave up ground in heavy selling early on Monday as investors became more wary of risky assets and sold commodities across the board, keying off of sharp declines in oil prices and an increase in the dollar against the euro, traders said.
Published 18 Aug, 2009 12:00am
Chinese shares end lower 5.79 percent

Chinese shares end lower 5.79 percent

Chinese shares closed down 5.79 percent on Monday, extending last week's decline amid continued worries over the state of the domestic economy and corporate earnings, dealers said. The Shanghai Composite Index, which covers A and B shares, was down 176.34
Published 18 Aug, 2009 12:00am
European shares hit lowest close since July 29

European shares hit lowest close since July 29

European shares fell to their lowest close in more than two weeks on Monday, as investors took profits, worrying that a recent rally was not supported by economic data. The FTSEurofirst 300 index of top European shares fell 2 percent to 921.96 points, the
Published 18 Aug, 2009 12:00am
New York cotton futures settle lower

New York cotton futures settle lower

Cotton futures finished easier on Monday on follow-through investor liquidation and the weak tone of global stock and commodity markets, brokers said. The December cotton contract in New York dropped 1.71 cents to end at 59.41 cents per lb, trading from 5
Published 18 Aug, 2009 12:00am
FTSE declines 1.5 percent

FTSE declines 1.5 percent

Britain's top share index fell 1.5 percent by the close on Monday with heavyweight mining, oil and banking stocks leading the losers, as global markets retracted amid concerns over the pace of global recovery. The FTSE 100 closed 68.96 points lower at 4,6
Published 18 Aug, 2009 12:00am
Copper and nickel dip

Copper and nickel dip

Copper eased on Monday as uncertainty over the economic recovery caused industrial metals to pull back, with investors still concerned over the demand outlook against a backdrop of weak fundamentals. Copper for three-month delivery on the London Metal Exc
Published 18 Aug, 2009 12:00am
Oil slips to below $67

Oil slips to below $67

Oil slipped 1 percent to below $67 a barrel on Monday as investors became more cautious about the pace of global economic recovery and a potential revival in energy demand. US equities fell broadly, pressured by persistent concern for the global economy,
Published 18 Aug, 2009 12:00am
London sugar, cocoa and coffee fall

London sugar, cocoa and coffee fall

Sugar, cocoa and coffee futures fell on investor selling on Monday as doubts about the strength of a global economic recovery weighed on equities and oil prices and drove up the US dollar. The dollar firmed as economic worries triggered a risk asset sell-
Published 18 Aug, 2009 12:00am
US MIDDAY: coffee and cocoa sink; sugar down

US MIDDAY: coffee and cocoa sink; sugar down

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Monday. December coffee down 3.95 cents, or 3 percent, at $1.2840 per lb at 11:01 am EDT (1501 GMT). Session range from $1.3150 to $1.2795, the lowest since July 31. Arabica futures
Published 18 Aug, 2009 12:00am
Gold and silver slide in European trade

Gold and silver slide in European trade

Gold slid towards $930 an ounce in Europe on Monday as rising risk aversion boosted the dollar and knocked oil prices and equity markets lower. Meanwhile silver tumbled nearly 6 percent and was on track for its biggest one-day fall since January, as its d
Published 18 Aug, 2009 12:00am
Monday's midday trade: Wall Street falls on recovery concerns

Monday's midday trade: Wall Street falls on recovery concerns

US stocks slid on Monday, dropping after a bleak outlook from home improvement giant Lowe's and weak economic figures from Japan reignited concerns about world demand. Lowe's stock was down about 8 percent after the company gave an outlook that fell short
Published 18 Aug, 2009 12:00am
US MIDDAY: soya and wheat dive

US MIDDAY: soya and wheat dive

Chicago Board of Trade soyabeans dived early Monday on technical weakness and prospects for a record-large US soya crop amid ideal growing conditions, traders said. New-crop November soya slipped below key support of $9.80 during the overnight session, tr
Published 18 Aug, 2009 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold futures took a steep drop on Monday, to their lowest level in 2-1/2 weeks, as the dollar advanced on the euro and a 2 percent drop in crude oil prices diminished its use as a hedge against inflation. December gold slipped $14.20, or 1.50 percent, to
Published 18 Aug, 2009 12:00am
Park to be built at Khyaban-e-Warsak: MPA

Park to be built at Khyaban-e-Warsak: MPA

Member Provincial Assembly Atifur Rehman has affirmed his commitment that 8 kanal land would be taken on lease for the period of eight years to establish a park and playground here at Khyaban-e-Warsak area and funds have been allocated for the development
Published 18 Aug, 2009 12:00am
Subsidised wheat flour to be available at Ramazan bazaars

Subsidised wheat flour to be available at Ramazan bazaars

The wheat flour will be available at highly subsidised rate of Rs 200 per 20-kilogram bag at Ramazan bazaars. Divisional Commissioner Hassan Iqbal said on Monday that sugar would be available at those bazaars at Rs 40 per kg, whereas it was being sold in
Published 18 Aug, 2009 12:00am
11th Asian Arts Festival: cultural troupe leaves for China

11th Asian Arts Festival: cultural troupe leaves for China

A 14-member cultural troupe from Ministry of Culture has left here for China to participate and perform at 11th Asian Arts Festival. The delegation comprises the members of National Performing Arts Group that will participate in a series of rich and color
Published 18 Aug, 2009 12:00am
Big surge seen in fruit, vegetable, commodity prices in Multan

Big surge seen in fruit, vegetable, commodity prices in Multan

Big surge in the prices of fruits, vegetables and chicken meat was observed on Monday in Multan, Dera Ghazi Khan and Bahawalpur divisions ahead of Ramazan while unavailability of sugar was also witnessed. Despite the government's claims, sugar was not see
Published 18 Aug, 2009 12:00am
Homage paid to Niaz A Naik: condolence meeting held

Homage paid to Niaz A Naik: condolence meeting held

A condolence meeting for late Foreign Secretary Niaz A Naik was held at the Foreign Office Monday. The meeting was attended by Foreign Minister Makhdoom Shah Mahmood Qureshi, Foreign Secretary Salman Bashir, Former Foreign Minister Abdul Sattar, Former Se
Published 18 Aug, 2009 12:00am
Delay in completion of Ferozepur road causes hardships

Delay in completion of Ferozepur road causes hardships

Commuters and motorists have to face grave hardships due to extremely slow pace of work on dualisation of Ferozepur road from Chungi Amarsadhu to Kasur as its portion along the drain and median at various places is yet to be compacted and carpeted.
Published 18 Aug, 2009 12:00am
Rich tributes paid to Faraz

Rich tributes paid to Faraz

Rich tributes were paid to the popular and revolutionary poet Ahmed Faraz Sunday night at a function held on his 1st death anniversary. The programme held at Jackson Hights, Queens, New York City in collaboration of Khyber Society and cultural organisatio
Published 18 Aug, 2009 12:00am
Talibanization and women's rights

Talibanization and women's rights

To stop anarchy and establish a Pashtun-dominated government in Afghanistan, a movement arose called the Taliban. The Taliban are actually the by-product of the Russian invasion and the subsequent civil war in that country. Many of them were educated in m
Published 18 Aug, 2009 12:00am
China cuts US Treasury holdings in June

China cuts US Treasury holdings in June

China reduced its holdings of US Treasury debt in June by the biggest percentage in nearly nine years, according to Reuters historical data and a Treasury Department report issued on Monday. Even with the Chinese reduction, overall net purchases of US Tre
Published 18 Aug, 2009 12:00am
Furnace oil price up by Rs 2,458 per ton

Furnace oil price up by Rs 2,458 per ton

Furnace oil price has been raised by around Rs 2,458 per ton in the domestic market due to rising demand and low supply, dealers said. The oil marketing companies (OMCs) on Monday officially announced changes in the furnace oil price and started supply of
Published 18 Aug, 2009 12:00am
Furnace oil price up by Rs 2,458 per ton

Furnace oil price up by Rs 2,458 per ton

Furnace oil price has been raised by around Rs 2,458 per ton in the domestic market due to rising demand and low supply, dealers said. The oil marketing companies (OMCs) on Monday officially announced changes in the furnace oil price and started supply of
Published 18 Aug, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (August 17, 2009).

Published 18 Aug, 2009 12:00am
SPI up 0.53 percent

SPI up 0.53 percent

The Sensitive Price Indicator (SPI) for the week ending August 13 for the lowest income group up to Rs 3, 000, registered an increase of 0.53 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 23
Published 18 Aug, 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 Monday (August 17, 2009).

Published 18 Aug, 2009 12:00am
Allama Ali Sher Hyderi shot dead

Allama Ali Sher Hyderi shot dead

Allama Sher Ali Hyderi, chief of banned outfit Sipah-e-Sahaba was shot dead along with his associate in Dost Muhammed Abro village Kingri taluka of the Khairpur district on Late Sunday night. District Police officer (DPO) Khairpur told APP here that the r
Published 18 Aug, 2009 12:00am
Allama Ali Sher Hyderi shot dead

Allama Ali Sher Hyderi shot dead

Allama Sher Ali Hyderi, chief of banned outfit Sipah-e-Sahaba was shot dead along with his associate in Dost Muhammed Abro village Kingri taluka of the Khairpur district on Late Sunday night. District Police officer (DPO) Khairpur told APP here that the r
Published 18 Aug, 2009 12:00am
Seven killed in filling station blast

Seven killed in filling station blast

At least seven people, including three children and two women, were killed in a bomb blast at a fuel filling station at Shabqadar, a town of in district Charsadda. A Mohmand Agency-based militant group reportedly accepted responsibility of the gruesome in
Published 18 Aug, 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 Monday (August 17, 2009).

Published 18 Aug, 2009 12:00am
Seven killed in filling station blast

Seven killed in filling station blast

At least seven people, including three children and two women, were killed in a bomb blast at a fuel filling station at Shabqadar, a town of in district Charsadda. A Mohmand Agency-based militant group reportedly accepted responsibility of the gruesome in
Published 18 Aug, 2009 12:00am
Russia's power plant accident kills 10, dozens missing

Russia's power plant accident kills 10, dozens missing

A sudden flood at Russia's largest hydroelectric plant Monday killed at least 10 people and left dozens missing after a surge in water pressure ruptured pipes, officials said. The accident caused serious power disruption in Siberia, cutting off electricit
Published 18 Aug, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (August 17, 2009).
Published 18 Aug, 2009 12:00am
Obama warns Afghan victory not 'quick' nor 'easy'

Obama warns Afghan victory not 'quick' nor 'easy'

US President Barack Obama warned Monday that victory over insurgents in Afghanistan would not be "quick" nor "easy," days before an election there marred by rising Taliban violence. "The insurgency in Afghanistan didn't just happen overnight," Obama told
Published 18 Aug, 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 18 Aug, 2009 12:00am
Obama warns Afghan victory not 'quick' nor 'easy'

Obama warns Afghan victory not 'quick' nor 'easy'

US President Barack Obama warned Monday that victory over insurgents in Afghanistan would not be "quick" nor "easy," days before an election there marred by rising Taliban violence. "The insurgency in Afghanistan didn't just happen overnight," Obama told
Published 18 Aug, 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 Monday (August 17, 2009).

Published 18 Aug, 2009 12:00am
SPI up 0.53 percent

SPI up 0.53 percent

The Sensitive Price Indicator (SPI) for the week ending August 13 for the lowest income group up to Rs 3, 000, registered an increase of 0.53 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 23
Published 18 Aug, 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 Monday (August 17, 2009).

Published 18 Aug, 2009 12:00am
SPI up 0.53 percent

SPI up 0.53 percent

The Sensitive Price Indicator (SPI) for the week ending August 13 for the lowest income group up to Rs 3, 000, registered an increase of 0.53 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 23
Published 18 Aug, 2009 12:00am
Singh's statement: Pakistan summons Indian High Commissioner

Singh's statement: Pakistan summons Indian High Commissioner

Pakistan on Monday summoned Indian Deputy High Commissioner to foreign office and convened its concerns over the latest statement of Indian Prime Minister Manmohan Singh, who had expressed apprehension about terrorist attacks being planned in Pakistan aga
Published 18 Aug, 2009 12:00am
Singh's statement: Pakistan summons Indian High Commissioner

Singh's statement: Pakistan summons Indian High Commissioner

Pakistan on Monday summoned Indian Deputy High Commissioner to foreign office and convened its concerns over the latest statement of Indian Prime Minister Manmohan Singh, who had expressed apprehension about terrorist attacks being planned in Pakistan aga
Published 18 Aug, 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 18 Aug, 2009 12:00am
Russia's power plant accident kills 10, dozens missing

Russia's power plant accident kills 10, dozens missing

A sudden flood at Russia's largest hydroelectric plant Monday killed at least 10 people and left dozens missing after a surge in water pressure ruptured pipes, officials said. The accident caused serious power disruption in Siberia, cutting off electricit
Published 18 Aug, 2009 12:00am
Oil cake market rates

Oil cake market rates

Upward trend persisted on the forward cottonseed oilcake market on Monday as consumers were busy in pre-Ramazan purchasing, dealers said. The December vaida commenced with a gain of 30 paisa at R 897.60 and the January contract also rose by 40 paisa at Rs
Published 18 Aug, 2009 12:00am
Sugar issue to dominate ECC meeting

Sugar issue to dominate ECC meeting

The Economic Co-ordination Committee (ECC) of the Cabinet meeting here (today) Tuesday would receive a presentation from the Competition Commission of Pakistan (CCP) on cartelisation in some key sectors of the economy, but sugar might dominate the meeting
Published 18 Aug, 2009 12:00am
Thailand sells 13,900 tonnes of white sugar to India

Thailand sells 13,900 tonnes of white sugar to India

Thailand, Asia's biggest sugar exporter, has sold 13,900 tonnes of white sugar to India for August shipment, traders and industry officials said on Monday. "The sugar was sold through two international trading firms, Marubeni and Cargill," said a senior o
Published 18 Aug, 2009 12:00am
Sugar issue to dominate ECC meeting

Sugar issue to dominate ECC meeting

The Economic Co-ordination Committee (ECC) of the Cabinet meeting here (today) Tuesday would receive a presentation from the Competition Commission of Pakistan (CCP) on cartelisation in some key sectors of the economy, but sugar might dominate the meeting
Published 18 Aug, 2009 12:00am
HRW wheat bids unchanged

HRW wheat bids unchanged

Basis bids for hard red winter wheat in the US Plains were unchanged Monday with only thin dealings to report. Farmer sales remained light as wheat prices continued to fall. On Friday, Kansas City Board of Trade September wheat ended steady at $5.08-1/2 p
Published 18 Aug, 2009 12:00am
Sugar issue to dominate ECC meeting

Sugar issue to dominate ECC meeting

The Economic Co-ordination Committee (ECC) of the Cabinet meeting here (today) Tuesday would receive a presentation from the Competition Commission of Pakistan (CCP) on cartelisation in some key sectors of the economy, but sugar might dominate the meeting
Published 18 Aug, 2009 12:00am
KCA spot rate lowered by Rs 25 in low activity on cotton market

KCA spot rate lowered by Rs 25 in low activity on cotton market

Slow business was seen on the cotton market on Monday as most of the mills and exporters kept to the sideline in anticipation of further decline in the prices, dealers said. The official spot rate continued to be reduced by Rs 25 to Rs 3450, they said. In
Published 18 Aug, 2009 12:00am
Prices move downwards on seed, grain market

Prices move downwards on seed, grain market

Declining trend was seen on the wholesale grain and seed market on Monday ahead of Ramazan, dealers said. On the cereal side moong from Punjab low type was down sharply by Rs 150 to Rs 3725 and best type shed modestly Rs 25 to Rs 3875, urad from Burma fel
Published 18 Aug, 2009 12:00am
Shanghai copper and zinc fall

Shanghai copper and zinc fall

Industrial metals prices fell on Monday under pressure from profit taking after a surge in Shanghai copper stocks to a two-year high and soft US consumer confidence data prompted a cross-market sell-off. Shanghai copper and zinc both fell by their 5 perce
Published 18 Aug, 2009 12:00am
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