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Nov 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-10-07
ECC allocates 429 MMCFD gas from eight new fields to SSGCL, SNGPL

ECC allocates 429 MMCFD gas from eight new fields to SSGCL, SNGPL

The Economic Co-ordination Committee (ECC) of the Cabinet has given formal approval of gas allocation of 429 MMCFD from 8 new gas fields to SSGCL and SNGPL. The ECC met here on Tuesday under the chairmanship of Federal Minister for Petroleum and Privatisa
Published 07 Oct, 2009 12:00am
Tokyo rubber futures steady

Tokyo rubber futures steady

Key Tokyo rubber futures held steady on Tuesday after rising more than 1 percent earlier in the day, hovering around 200 yen as investors eyed prices for direction. The key Tokyo Commodity Exchange rubber contract for March delivery was at 200.2 yen per k
Published 07 Oct, 2009 12:00am
Gates promises Pakistan: US will stay in Afghanistan

Gates promises Pakistan: US will stay in Afghanistan

US Defence Secretary Robert Gates said he has reassured Pakistan that the United States would not be pulling out of Afghanistan despite a strategy review underway at the White House. "I had lunch with the Pakistani ambassador last week, and I made absolut
Published 07 Oct, 2009 12:00am
Copper prices higher in Asia

Copper prices higher in Asia

Copper rose 2 percent to more than $6,000 a tonne on Tuesday, boosted by a struggling dollar and evidence that the US service sector expanded for the first time in more than a year. Three-month copper on the London Metal Exchange rose $120 to $6,040 a ton
Published 07 Oct, 2009 12:00am
Gates promises Pakistan: US will stay in Afghanistan

Gates promises Pakistan: US will stay in Afghanistan

US Defence Secretary Robert Gates said he has reassured Pakistan that the United States would not be pulling out of Afghanistan despite a strategy review underway at the White House. "I had lunch with the Pakistani ambassador last week, and I made absolut
Published 07 Oct, 2009 12:00am
US rice futures firm

US rice futures firm

US rice futures on the Chicago Board of Trade ended higher on Monday supported by worries about the slow American harvest pace due to heavy rains through the Mississippi Delta region, traders said. Heavy rains add to delays in Mississippi Delta region. Up
Published 07 Oct, 2009 12:00am
US copper ends firm

US copper ends firm

US copper futures closed higher on Monday, as the dollar dipped and economic sentiment improved after data showed the US services sector expand in September for the first time since August 2008. Copper for December delivery firmed 4.55 cents, or 1.7 perce
Published 07 Oct, 2009 12:00am
ECC allocates 429 MMCFD gas from eight new fields to SSGCL, SNGPL

ECC allocates 429 MMCFD gas from eight new fields to SSGCL, SNGPL

The Economic Co-ordination Committee (ECC) of the Cabinet has given formal approval of gas allocation of 429 MMCFD from 8 new gas fields to SSGCL and SNGPL. The ECC met here on Tuesday under the chairmanship of Federal Minister for Petroleum and Privatisa
Published 07 Oct, 2009 12:00am
New York cotton shoots up

New York cotton shoots up

Cotton futures rallied just before Monday's close, boosted by late gains in US stocks, crude oil and a falling dollar, after spending much of the session with only moderate increases as many participants await Friday's supply/demand data, traders said. Th
Published 07 Oct, 2009 12:00am
Prices remain firm on seed, grain market

Prices remain firm on seed, grain market

Firmness prevailed on the wholesale grain and seed market on Tuesday as most of the commodities maintained the overnight levels amid slow trading, dealers said. On the cereal side urad from Burma quoted lower at Rs 2800 due to steady arrivals, they said.
Published 07 Oct, 2009 12:00am
UK will help Pakistan strengthen its economy: Alan

UK will help Pakistan strengthen its economy: Alan

British Home Secretary Alan Johnson on Tuesday assured UK's commitment to continue to assist Pakistan in war against terrorism, saying his country wants to see Pakistan as a strong, stable and a peaceful country. "The UK will help Pakistan strengthen its
Published 07 Oct, 2009 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

The average price of Bangladeshi teas rose 1.38 percent to 140.68 taka ($2.04) per kg on higher demand at the weekly auction on Tuesday, brokers said. More than 1.45 million kg were sold on average at 140.68 taka per kg, up 1.91 taka from the last sale. S
Published 07 Oct, 2009 12:00am
UK will help Pakistan strengthen its economy: Alan

UK will help Pakistan strengthen its economy: Alan

British Home Secretary Alan Johnson on Tuesday assured UK's commitment to continue to assist Pakistan in war against terrorism, saying his country wants to see Pakistan as a strong, stable and a peaceful country. "The UK will help Pakistan strengthen its
Published 07 Oct, 2009 12:00am
Prices, spot rate ease on cotton market

Prices, spot rate ease on cotton market

Prices fell on the cotton market on Tuesday as phutti arrivals started with steady pace, dealers said. The official spot rate was slashed by Es25 to Rs 3525. Over 20,000 bales changed hands between Rs 3525-3600, they said. Phutti prices in Sindh dropped b
Published 07 Oct, 2009 12:00am
UK will help Pakistan strengthen its economy: Alan

UK will help Pakistan strengthen its economy: Alan

British Home Secretary Alan Johnson on Tuesday assured UK''s commitment to continue to assist Pakistan in war against terrorism, saying his country wants to see Pakistan as a strong, stable and a peaceful country. "The UK will help Pakistan strengthen its
Published 07 Oct, 2009 12:00am
Oil cake market rates

Oil cake market rates

Rising trend was witnessed on the forward cottonseed oilcake market on Tuesday due to persistent demand, dealers said. The December vaida, which closed at 903.50, opened with a gain of 70 paisa at Rs 904.20 and January contract, which closed at Rs 947.90,
Published 07 Oct, 2009 12:00am
US Midwest bids for corn, soya mixed

US Midwest bids for corn, soya mixed

Spot basis bids for corn and soyabeans were steady to mixed around the US Midwest on Monday as some processors firmed bids due to harvest delays, dealers said. Prices for both commodities are expected to fall sharply as full-scale harvest gets under way,
Published 07 Oct, 2009 12:00am
Vietnam coffee prices to drop, sales quicken in November

Vietnam coffee prices to drop, sales quicken in November

Vietnam's new coffee crop year has begun with early harvesting in the Central Highlands, where crops largely escaped damage from a recent typhoon, and traders said prices could soften when the harvest peaks late next month. Vietnam, the world's second-lar
Published 07 Oct, 2009 12:00am
KCBT wheat futures up

KCBT wheat futures up

Kansas City Board of Trade hard red winter wheat futures closed higher on Monday on spillover support from a rally in CBOT corn and on short-covering after the fall of wheat futures on Friday. KCBT December wheat was up 2-1/4 cents per bushel at $4.61-3/4
Published 07 Oct, 2009 12:00am
FOB Gulf corn and soya export premiums steady

FOB Gulf corn and soya export premiums steady

US corn and soyabean export premiums at the Gulf of Mexico were mostly steady on Monday, with demand for both lacklustre ahead of a key government report on supply/demand due on Friday, traders said. The US Department of Agriculture will issue its monthly
Published 07 Oct, 2009 12:00am
Cracks emerge as IMF and World Bank work for recovery

Cracks emerge as IMF and World Bank work for recovery

World finance chiefs worked to bolster a fragile economic recovery in Istanbul on Tuesday but cracks emerged as Germany warned against a rise in IIMF resources paid by members. At annual meetings of the IMF and World Bank in the Turkish financial capital,
Published 07 Oct, 2009 12:00am
US corn futures higher

US corn futures higher

US corn futures on the Chicago Board of Trade closed 2 percent higher on Monday after hitting a two-month high on worries that immature corn will be hurt by a crop-killing freeze, traders said. December corn was up 8 cents at $3.41-1/2 a bushel; March up
Published 07 Oct, 2009 12:00am
Cracks emerge as IMF and World Bank work for recovery

Cracks emerge as IMF and World Bank work for recovery

World finance chiefs worked to bolster a fragile economic recovery in Istanbul on Tuesday but cracks emerged as Germany warned against a rise in IIMF resources paid by members. At annual meetings of the IMF and World Bank in the Turkish financial capital,
Published 07 Oct, 2009 12:00am
Soyameal to keep rising till December: Oil World

Soyameal to keep rising till December: Oil World

Global soyameal prices could rise $30-$40 a tonne from current levels in October to December partly because of European Union curbs on imports of genetically modified organisms (GMOs), Oil World forecast on Tuesday. Imports of US soyabeans will be blocked
Published 07 Oct, 2009 12:00am
War on terror: 'Pakistan shows progress but gains tenuous'

War on terror: 'Pakistan shows progress but gains tenuous'

While much of the focus in Washington is a review of strategy in Afghanistan, the Obama administration is also assessing what Pakistan's fragile civilian government has achieved so far and what must change. "We are seeing evidence of some significant prog
Published 07 Oct, 2009 12:00am
US wheat up

US wheat up

US wheat futures closed higher on Monday following corn and on a short-covering bounce after the sharp decline on Friday. CBOT December wheat up 1-1/2 cents per bushel at $4.42-3/4 a bushel. USDA reported 18.033 million bushels of wheat inspected for expo
Published 07 Oct, 2009 12:00am
War on terror: 'Pakistan shows progress but gains tenuous'

War on terror: 'Pakistan shows progress but gains tenuous'

While much of the focus in Washington is a review of strategy in Afghanistan, the Obama administration is also assessing what Pakistan's fragile civilian government has achieved so far and what must change. "We are seeing evidence of some significant prog
Published 07 Oct, 2009 12:00am
'Global sunseed crop outlook deteriorates'

'Global sunseed crop outlook deteriorates'

Smaller-than-expected sunflower seed harvests are looming in several key global producing nations which could raise sunflower oil prices in coming months, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. "The global prospects for sunflower s
Published 07 Oct, 2009 12:00am
Canadian canola futures end down

Canadian canola futures end down

ICE Canada canola futures closed lower on Monday as the technically weak market sagged with harvest selling and a stronger Canadian dollar, traders said. Canola has been mainly falling for almost two months as farmers harvested a crop that avoided major f
Published 07 Oct, 2009 12:00am
PSM posts Rs four billion losses

PSM posts Rs four billion losses

Pakistan Steel Mills Corporation (PSMC) has posted some Rs 4 billion losses during first quarter of the current fiscal year mainly due to slow production, following shortage of raw material, sources told Business Recorder on Tuesday.
Published 07 Oct, 2009 12:00am
India's September oilmeal exports up

India's September oilmeal exports up

India's monthly oilmeal exports reversed the downtrend of last eight months as demand improved in traditional Asian markets, a leading trade body said on Tuesday. India's oilmeal exports rose 19 percent in September from the same month a year ago to 231,2
Published 07 Oct, 2009 12:00am
Turkish police fire tear gas on IMF protesters

Turkish police fire tear gas on IMF protesters

Turkish police fired tear gas and used water cannon to disperse hundreds of people protesting against the International Monetary Fund and World Bank during their annual meetings in Istanbul on Tuesday. Riot police armed with shields and firing gas caniste
Published 07 Oct, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 103,696 tonnes of cargo including 78,568 tonnes import and 25,128 tonnes export cargo including 5,693 empty and loaded containers during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 79,445 tonnes dry cargo
Published 07 Oct, 2009 12:00am
Turkish police fire tear gas on IMF protesters

Turkish police fire tear gas on IMF protesters

Turkish police fired tear gas and used water cannon to disperse hundreds of people protesting against the International Monetary Fund and World Bank during their annual meetings in Istanbul on Tuesday. Riot police armed with shields and firing gas caniste
Published 07 Oct, 2009 12:00am
Cracks emerge as IMF and World Bank work for recovery

Cracks emerge as IMF and World Bank work for recovery

World finance chiefs worked to bolster a fragile economic recovery in Istanbul on Tuesday but cracks emerged as Germany warned against a rise in IIMF resources paid by members. At annual meetings of the IMF and World Bank in the Turkish financial capital,
Published 07 Oct, 2009 12:00am
New York cotton

New York cotton

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

Published 07 Oct, 2009 12:00am
Cabinet likely to approve revised GPA Bill today

Cabinet likely to approve revised GPA Bill today

The Cabinet, which is scheduled to meet on Wednesday, is likely to approve revised Gwadar Port Authority's (GPA) structure by replacing the Chairman and members of the Board with non-executive professionals, with the objective of placing skilled people at
Published 07 Oct, 2009 12:00am
New York cotton

New York cotton

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

Published 07 Oct, 2009 12:00am
Cabinet likely to approve revised GPA Bill today

Cabinet likely to approve revised GPA Bill today

The Cabinet, which is scheduled to meet on Wednesday, is likely to approve revised Gwadar Port Authority's (GPA) structure by replacing the Chairman and members of the Board with non-executive professionals, with the objective of placing skilled people at
Published 07 Oct, 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 07 Oct, 2009 12:00am
PSM posts Rs four billion losses

PSM posts Rs four billion losses

Pakistan Steel Mills Corporation (PSMC) has posted some Rs 4 billion losses during first quarter of the current fiscal year mainly due to slow production, following shortage of raw material, sources told Business Recorder on Tuesday.
Published 07 Oct, 2009 12:00am
PSM posts Rs four billion losses

PSM posts Rs four billion losses

Pakistan Steel Mills Corporation (PSMC) has posted some Rs 4 billion losses during first quarter of the current fiscal year mainly due to slow production, following shortage of raw material, sources told Business Recorder on Tuesday.
Published 07 Oct, 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 07 Oct, 2009 12:00am
PSM posts Rs four billion losses

PSM posts Rs four billion losses

Pakistan Steel Mills Corporation (PSMC) has posted some Rs 4 billion losses during first quarter of the current fiscal year mainly due to slow production, following shortage of raw material, sources told Business Recorder on Tuesday.
Published 07 Oct, 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 (October 06, 2009).

Published 07 Oct, 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 (October 06, 2009).

Published 07 Oct, 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 (October 06, 2009).

Published 07 Oct, 2009 12:00am
Cabinet likely to approve revised GPA Bill today

Cabinet likely to approve revised GPA Bill today

The Cabinet, which is scheduled to meet on Wednesday, is likely to approve revised Gwadar Port Authority''s (GPA) structure by replacing the Chairman and members of the Board with non-executive professionals, with the objective of placing skilled people a
Published 07 Oct, 2009 12:00am
Martyred UN officials performed 'commendable services': Prime Minister

Martyred UN officials performed 'commendable services': Prime Minister

Prime Minister Yousuf Raza Gilani has paid tributes to the UN World Food Programme officials who were killed in a terrorist attack on their office in Islamabad on Monday, saying they were serving a "noble cause." In a letter to Secretary-General Ban Ki-mo
Published 07 Oct, 2009 12:00am
Raja Riaz meets Gilani

Raja Riaz meets Gilani

Senior Minister Punjab, Raja Riaz Ahmed met Prime Minister Syed Yousuf Raza Gilani on Tuesday at PM's Parliament House Chamber here and discussed party matters relating to the province. They also discussed political situation in the country, says a press
Published 07 Oct, 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 (October 06, 2009).

Published 07 Oct, 2009 12:00am
PSM inquiry report: MoI misinforms Senate body

PSM inquiry report: MoI misinforms Senate body

The Ministry of Industries and Production has blatantly misinformed the Senate standing committee on industries, headed by Ishaq Dar, regarding an inquiry report on Pakistan Steel Mills (PSM), as revealed by official documents and sources exclusively to <
Published 07 Oct, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (October 06, 2009).
Published 07 Oct, 2009 12:00am
PSM inquiry report: MoI misinforms Senate body

PSM inquiry report: MoI misinforms Senate body

The Ministry of Industries and Production has blatantly misinformed the Senate standing committee on industries, headed by Ishaq Dar, regarding an inquiry report on Pakistan Steel Mills (PSM), as revealed by official documents and sources exclusively to <
Published 07 Oct, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (October 06, 2009).

Published 07 Oct, 2009 12:00am
PSM inquiry report: MoI misinforms Senate body

PSM inquiry report: MoI misinforms Senate body

The Ministry of Industries and Production has blatantly misinformed the Senate standing committee on industries, headed by Ishaq Dar, regarding an inquiry report on Pakistan Steel Mills (PSM), as revealed by official documents and sources exclusively to <
Published 07 Oct, 2009 12:00am
Oil states say no talks on replacing dollar

Oil states say no talks on replacing dollar

Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in trading oil. The dollar eased in response to the
Published 07 Oct, 2009 12:00am
Oil states say no talks on replacing dollar

Oil states say no talks on replacing dollar

Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in trading oil. The dollar eased in response to the
Published 07 Oct, 2009 12:00am
Oil states say no talks on replacing dollar

Oil states say no talks on replacing dollar

Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in trading oil. The dollar eased in response to the
Published 07 Oct, 2009 12:00am
UN calls for new reserve currency to end dollar ''privilege''

UN calls for new reserve currency to end dollar ''privilege''

The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit. "Important progress in managing imbalances can be made by reducing the res
Published 07 Oct, 2009 12:00am
UN calls for new reserve currency to end dollar 'privilege'

UN calls for new reserve currency to end dollar 'privilege'

The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit. "Important progress in managing imbalances can be made by reducing the res
Published 07 Oct, 2009 12:00am
UN calls for new reserve currency to end dollar 'privilege'

UN calls for new reserve currency to end dollar 'privilege'

The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit. "Important progress in managing imbalances can be made by reducing the res
Published 07 Oct, 2009 12:00am
Bullish sentiments dominate on LSE

Bullish sentiments dominate on LSE

Bullish sentiments dominated on the Lahore Stock Exchange on Tuesday and the equities kept on rising amid ascending trading turnover on account of investors and institutional interest in selective shares. The LSE-25 index moved up to 2974.20 against 2911.
Published 07 Oct, 2009 12:00am
BRIndex30 gains 91.05 points

BRIndex30 gains 91.05 points

On Tuesday, the BRIndex30 opened in the positive, at 8,268.31 points, and remained there for whole of the trading time. It closed at 8,359.36 with a net positive change of 91.05 points and percentage change of 1.10. It experienced intra-day high of 8,372.
Published 07 Oct, 2009 12:00am
BRIndex30 gains 91.05 points

BRIndex30 gains 91.05 points

On Tuesday, the BRIndex30 opened in the positive, at 8,268.31 points, and remained there for whole of the trading time. It closed at 8,359.36 with a net positive change of 91.05 points and percentage change of 1.10. It experienced intra-day high of 8,372.
Published 07 Oct, 2009 12:00am
Index crosses 9,600 points mark

Index crosses 9,600 points mark

KSE-100 index on Tuesday surged by 155.16 points to close at 9,643.11 points on the back of strong interest of both local and foreign investors, mainly in the E&P, banking and cement sector stocks. After positive opening, the index briefly visited negativ
Published 07 Oct, 2009 12:00am
Index crosses 9,600 points mark

Index crosses 9,600 points mark

KSE-100 index on Tuesday surged by 155.16 points to close at 9,643.11 points on the back of strong interest of both local and foreign investors, mainly in the E&P, banking and cement sector stocks. After positive opening, the index briefly visited negativ
Published 07 Oct, 2009 12:00am
Index crosses 9,600 points mark

Index crosses 9,600 points mark

KSE-100 index on Tuesday surged by 155.16 points to close at 9,643.11 points on the back of strong interest of both local and foreign investors, mainly in the E&P, banking and cement sector stocks. After positive opening, the index briefly visited negativ
Published 07 Oct, 2009 12:00am
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