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Print - 2009-09-03
Indonesia plans to buy additional raw sugar

Indonesia plans to buy additional raw sugar

Indonesia is planning to buy additional raw sugar this year on top of the initial quota of 1.67 million tonnes to ensure the industry has enough stock by year-end, trade minister said on Wednesday. "If traders, users, and producers feel stock is enough, t
Published 03 Sep, 2009 12:00am
Prime Minister strongly supports RPPs

Prime Minister strongly supports RPPs

Prime Minister Yousuf Raza Gilani is reported to have expressed concern during Cabinet meeting on August 26, 2009 that the government would not be sustainable after December 31 if power shortage was not bridged through installation of rental power plants
Published 03 Sep, 2009 12:00am
Oil cake market rates

Oil cake market rates

Upward trend persisted on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The December vaida started with a rise of 40 paisa at Rs 899.30, the January contract also gained 30 paisa at Rs 941.50, they said.
Published 03 Sep, 2009 12:00am
China subsidises soyabean and corn processors

China subsidises soyabean and corn processors

The Chinese government has offered subsidies to processors of some 5.77 million tonnes of corn in four provinces in the north-east, a government document seen by Reuters said. A subsidy of 150 yuan ($21.96) per tonne was offered to corn processors with an
Published 03 Sep, 2009 12:00am
Spot iron ore sales to China at nine-month low in August

Spot iron ore sales to China at nine-month low in August

Spot iron ore vessel bookings to China in August by the world's two biggest exporters, Australia and Brazil, fell to a 9-month low, indicating strong demand from the world's top steel maker may be slowing as steel prices slump. Vessel bookings from Austra
Published 03 Sep, 2009 12:00am
48-hour ultimatum withdrawn

48-hour ultimatum withdrawn

Pakistan Muslim League (PML-N) called off the 48-hour ultimatum it had given to Pakistan Peoples' Party (PPP), but stands by its demand for restoration of the constitution and trial of former President Pervez Musharraf. Talking to a private TV channel, PM
Published 03 Sep, 2009 12:00am
Egypt's GASC tightens wheat quality specifications

Egypt's GASC tightens wheat quality specifications

Egypt's main state wheat buyer, the General Authority for Supply Commodities (GASC), said on Wednesday it had tightened some quality specifications for its wheat purchases. GASC raised the test weight requirement for US wheat to 58.5 lb a bushel from 58 l
Published 03 Sep, 2009 12:00am
48-hour ultimatum withdrawn

48-hour ultimatum withdrawn

Pakistan Muslim League (PML-N) called off the 48-hour ultimatum it had given to Pakistan Peoples' Party (PPP), but stands by its demand for restoration of the constitution and trial of former President Pervez Musharraf. Talking to a private TV channel, PM
Published 03 Sep, 2009 12:00am
Argentine, Brazil set for big soyabean crops

Argentine, Brazil set for big soyabean crops

Argentina and Brazil are both likely to achieve much larger soyabean crops in early 2010 than their drought-reduced 2009 harvests, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. Argentina's 2009/10 soyabean crop for harvesting in early 201
Published 03 Sep, 2009 12:00am
Saudi Arabia should not be dragged into politics: Nawaz

Saudi Arabia should not be dragged into politics: Nawaz

Without naming any particular political party or group, Pakistan Muslim League-Nawaz Quaid Mohammad Nawaz Sharif on Wednesday suggested that Saudi Arabia should not be dragged into Pakistan's politics. Responding to queries of media men about the visit of
Published 03 Sep, 2009 12:00am
US wheat futures down

US wheat futures down

US wheat futures plunged on Tuesday due to expectations for a bumper harvest of the US spring wheat crop adding to an already large stockpile of supplies amid low demand, traders said. Minneapolis Grain Exchange spring wheat futures led the decline, with
Published 03 Sep, 2009 12:00am
Prime Minister strongly supports RPPs

Prime Minister strongly supports RPPs

Prime Minister Yousuf Raza Gilani is reported to have expressed concern during Cabinet meeting on August 26, 2009 that the government would not be sustainable after December 31 if power shortage was not bridged through installation of rental power plants
Published 03 Sep, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 94,501 tonnes of cargo including 58,019 tonnes import and 36,482 tonnes export cargo including 3,355 empty and loaded containers during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 76,978 tonnes dry carg
Published 03 Sep, 2009 12:00am
Prime Minister strongly supports RPPs

Prime Minister strongly supports RPPs

Prime Minister Yousuf Raza Gilani is reported to have expressed concern during Cabinet meeting on August 26, 2009 that the government would not be sustainable after December 31 if power shortage was not bridged through installation of rental power plants
Published 03 Sep, 2009 12:00am
New York cotton

New York cotton

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

Published 03 Sep, 2009 12:00am
Karachi interbank rates

Karachi interbank rates

Karachi interbank rates on Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
Foreigners keep interest alive

Foreigners keep interest alive

Bullish trend continued at Karachi share market on Wednesday and KSE-100 index gained 109.40 points to close at 8,878.64 points against 8,769.24 points on the back of continuing interest of foreign investors who remained net buyers of shares worth $15.10
Published 03 Sep, 2009 12:00am
New York cotton

New York cotton

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

Published 03 Sep, 2009 12:00am
Foreigners keep interest alive

Foreigners keep interest alive

Bullish trend continued at Karachi share market on Wednesday and KSE-100 index gained 109.40 points to close at 8,878.64 points against 8,769.24 points on the back of continuing interest of foreign investors who remained net buyers of shares worth $15.10
Published 03 Sep, 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 Sep, 2009 12:00am
Foreigners keep interest alive

Foreigners keep interest alive

Bullish trend continued at Karachi share market on Wednesday and KSE-100 index gained 109.40 points to close at 8,878.64 points against 8,769.24 points on the back of continuing interest of foreign investors who remained net buyers of shares worth $15.10
Published 03 Sep, 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 Sep, 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 Wednesday (September 02, 2009).

Published 03 Sep, 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 Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
PAKSAT-1R project: Chinese bank to give concessional loan

PAKSAT-1R project: Chinese bank to give concessional loan

Export-Import Bank of China will provide concessional loan, amounting to Renminbi 1.35 billion Yuan (199 million dollars at current currency exchange rate) to implement new communication satellite, PAKSAT-1R project. Pakistan''s Communication Space Craft'
Published 03 Sep, 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 Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
PAKSAT-1R project: Chinese bank to give concessional loan

PAKSAT-1R project: Chinese bank to give concessional loan

Export-Import Bank of China will provide concessional loan, amounting to Renminbi 1.35 billion Yuan (199 million dollars at current currency exchange rate) to implement new communication satellite, PAKSAT-1R project. Pakistan's Communication Space Craft's
Published 03 Sep, 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 Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
PAKSAT-1R project: Chinese bank to give concessional loan

PAKSAT-1R project: Chinese bank to give concessional loan

Export-Import Bank of China will provide concessional loan, amounting to Renminbi 1.35 billion Yuan (199 million dollars at current currency exchange rate) to implement new communication satellite, PAKSAT-1R project. Pakistan's Communication Space Craft's
Published 03 Sep, 2009 12:00am
BRIndex30 up 138.28 points

BRIndex30 up 138.28 points

On Wednesday, the BRIndex30 opened in the green zone at 8,139.23 and remained there for whole of the trading time. It closed at 8,278.26 with a net positive change of 138.28 points and percentage change of 1.70. It experienced intra-day high of 8,329.06 a
Published 03 Sep, 2009 12:00am
BRIndex30 up 138.28 points

BRIndex30 up 138.28 points

On Wednesday, the BRIndex30 opened in the green zone at 8,139.23 and remained there for whole of the trading time. It closed at 8,278.26 with a net positive change of 138.28 points and percentage change of 1.70. It experienced intra-day high of 8,329.06 a
Published 03 Sep, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 02, 2009).
Published 03 Sep, 2009 12:00am
Bulls in command at ISE

Bulls in command at ISE

Bulls commanded the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index. ISE Ten Index showed an improvement of 19.81 points from
Published 03 Sep, 2009 12:00am
Spot dollar rates

Spot dollar rates

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

Published 03 Sep, 2009 12:00am
Bulls in command at ISE

Bulls in command at ISE

Bulls commanded the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index. ISE Ten Index showed an improvement of 19.81 points from
Published 03 Sep, 2009 12:00am
LSE index gins 42.08 points

LSE index gins 42.08 points

Bullish rally continued on Wednesday on Lahore Stock Exchange and the equities registered further gains on account of foreign buying support in blue chips including oil and banking sectors. The LSE-25 index improved by 42.08 points and closed at 2818.05 a
Published 03 Sep, 2009 12:00am
LSE index gins 42.08 points

LSE index gins 42.08 points

Bullish rally continued on Wednesday on Lahore Stock Exchange and the equities registered further gains on account of foreign buying support in blue chips including oil and banking sectors. The LSE-25 index improved by 42.08 points and closed at 2818.05 a
Published 03 Sep, 2009 12:00am
Eid on Monday September 21

Eid on Monday September 21

The new Shawwal moon should be sighted on September 20 (Sunday), according to astronomical parameters. Therefore, Shawwal One, 1430 AH should fall on Monday (September 21). The moon will cross the conjunction line on September 19 (Saturday) at 0044 Pakist
Published 03 Sep, 2009 12:00am
Eid on Monday September 21

Eid on Monday September 21

The new Shawwal moon should be sighted on September 20 (Sunday), according to astronomical parameters. Therefore, Shawwal One, 1430 AH should fall on Monday (September 21). The moon will cross the conjunction line on September 19 (Saturday) at 0044 Pakist
Published 03 Sep, 2009 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
Attack on religious minister: hundreds of faithful throng Kazmi's home

Attack on religious minister: hundreds of faithful throng Kazmi's home

Hundreds of workers of Sunni-Tehrik, Nizam-i-Mustafa Party and students of Jamia Anwar-ul-Aloom thronged to the residence of Allama Mazhar Saeed Kazmi, elder brother of Allama Ahmed Saeed Kazmi, Federal Minister for religious affairs who was injured in fi
Published 03 Sep, 2009 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
Qaddhafi decorates Gilani with gold medallion

Qaddhafi decorates Gilani with gold medallion

Libyan leaden Moammar al Qaddhafi has conferred a gold medallion on Prime Minister Syed Yousuf Raza Gilani commemorating the 40th anniversary of Al-Fateh revolution. The Prime Minister was decorated with the award in a ceremony here, where it was announce
Published 03 Sep, 2009 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
Qaddhafi decorates Gilani with gold medallion

Qaddhafi decorates Gilani with gold medallion

Libyan leaden Moammar al Qaddhafi has conferred a gold medallion on Prime Minister Syed Yousuf Raza Gilani commemorating the 40th anniversary of Al-Fateh revolution. The Prime Minister was decorated with the award in a ceremony here, where it was announce
Published 03 Sep, 2009 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
Five killed in Mohmand Agency

Five killed in Mohmand Agency

Mortar shells fired from undisclosed location left five people dead in tehsil Ambar, Mohmand Agency late Tuesday. Reporting reaching here said that Gul Muhammad, Sher Muhammad and Walayat Khan were killed when their houses were hit by the mortar shells in
Published 03 Sep, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
Asia's poorest to be worst hit by climate change: ADB

Asia's poorest to be worst hit by climate change: ADB

Climate change threatens to bring food and water shortages to 1.6 billion people in South Asia, with the region's poorest likely to be worst hit, the Asian Development Bank (ADB) said here Wednesday. New research commissioned by the ADB shows that if curr
Published 03 Sep, 2009 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
Asia's poorest to be worst hit by climate change: ADB

Asia's poorest to be worst hit by climate change: ADB

Climate change threatens to bring food and water shortages to 1.6 billion people in South Asia, with the region's poorest likely to be worst hit, the Asian Development Bank (ADB) said here Wednesday. New research commissioned by the ADB shows that if curr
Published 03 Sep, 2009 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
Restoration of anti-smuggling check posts: Tarin accepts FBR Proposal

Restoration of anti-smuggling check posts: Tarin accepts FBR Proposal

The Minister of Finance, Shaukat Tarin, has accepted a proposal of Federal Board of Revenue (FBR) to restore anti-smuggling check posts across the country. Sources told Business Recorder here on Wednesday that at present anti-smuggling posts are no
Published 03 Sep, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 02, 2009).

Published 03 Sep, 2009 12:00am
Spy chief among 23 killed in Taliban suicide blast

Spy chief among 23 killed in Taliban suicide blast

A Taliban suicide bomber killed Afghanistan's deputy chief of intelligence during a visit to a mosque east of Kabul on Wednesday in an attack that left 22 others dead. The bombing, which occurred in the Islamic holy month of Ramadan, struck at the heart o
Published 03 Sep, 2009 12:00am
Spy chief among 23 killed in Taliban suicide blast

Spy chief among 23 killed in Taliban suicide blast

A Taliban suicide bomber killed Afghanistan's deputy chief of intelligence during a visit to a mosque east of Kabul on Wednesday in an attack that left 22 others dead. The bombing, which occurred in the Islamic holy month of Ramadan, struck at the heart o
Published 03 Sep, 2009 12:00am
Cabinet may approve 'Marine Insurance Bill 2009' draft

Cabinet may approve 'Marine Insurance Bill 2009' draft

The Cabinet is likely to approve the draft of 'Pakistan Marine Insurance Bill 2009', aimed at enacting Pakistan's own marine law and removing contradictions, sources in Commerce Ministry told Business Recorder. They said that the existing statute f
Published 03 Sep, 2009 12:00am
Saudi King, others calming turbulent waters

Saudi King, others calming turbulent waters

Pakistani establishment, Saudi King Abdullah and other international stakeholders who were guarantors of the 'deal' that specified no action against Musharraf after his resignation, are said to be engaged in calming the turbulent waters of the Pakistani p
Published 03 Sep, 2009 12:00am
Saudi King, others calming turbulent waters

Saudi King, others calming turbulent waters

Pakistani establishment, Saudi King Abdullah and other international stakeholders who were guarantors of the 'deal' that specified no action against Musharraf after his resignation, are said to be engaged in calming the turbulent waters of the Pakistani p
Published 03 Sep, 2009 12:00am
Search for Indian politician after chopper goes missing

Search for Indian politician after chopper goes missing

Indian authorities launched a massive search operation after a helicopter carrying a powerful politician from a southern state went missing amid heavy rains Wednesday, officials said.YS Rajasekhara Reddy, chief minister of Andhra Pradesh state, remained u
Published 03 Sep, 2009 12:00am
Search for Indian politician after chopper goes missing

Search for Indian politician after chopper goes missing

Indian authorities launched a massive search operation after a helicopter carrying a powerful politician from a southern state went missing amid heavy rains Wednesday, officials said.YS Rajasekhara Reddy, chief minister of Andhra Pradesh state, remained u
Published 03 Sep, 2009 12:00am
World's first baby born through egg-screening technique

World's first baby born through egg-screening technique

Meet Oliver, the first baby in the world born using a new egg-screening technique that could double the odds of an implanted embryo taking hold in the womb, unveiled by British experts Wednesday. Baby Oliver was born in Britain to a 41-year-old woman afte
Published 03 Sep, 2009 12:00am
World's first baby born through egg-screening technique

World's first baby born through egg-screening technique

Meet Oliver, the first baby in the world born using a new egg-screening technique that could double the odds of an implanted embryo taking hold in the womb, unveiled by British experts Wednesday. Baby Oliver was born in Britain to a 41-year-old woman afte
Published 03 Sep, 2009 12:00am
UK keen to invest in Pakistan: Gibson

UK keen to invest in Pakistan: Gibson

British Deputy High Commissioner, Robert W Gibson has said that British companies working in Pakistan were having continued interest to work as well as looking forward to expand their business in future. Speaking at a meeting of Karachi Chamber of Commerc
Published 03 Sep, 2009 12:00am
UK keen to invest in Pakistan: Gibson

UK keen to invest in Pakistan: Gibson

British Deputy High Commissioner, Robert W Gibson has said that British companies working in Pakistan were having continued interest to work as well as looking forward to expand their business in future. Speaking at a meeting of Karachi Chamber of Commerc
Published 03 Sep, 2009 12:00am
UK keen to invest in Pakistan: Gibson

UK keen to invest in Pakistan: Gibson

British Deputy High Commissioner, Robert W Gibson has said that British companies working in Pakistan were having continued interest to work as well as looking forward to expand their business in future. Speaking at a meeting of Karachi Chamber of Commerc
Published 03 Sep, 2009 12:00am