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Print - 2009-10-11
More IMF aid will be needed if KLB not approved: Tarin

More IMF aid will be needed if KLB not approved: Tarin

Federal Finance Minister Shaukat Tarin on Saturday said Pakistan will have to go to the International Monetary Fund (IMF) for more assistance if the US aid under the Kerry Lugar Bill is not approved. Speaking at a seminar on "Corruption in the Private Sec
Published 11 Oct, 2009 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
More IMF aid will be needed if KLB not approved: Tarin

More IMF aid will be needed if KLB not approved: Tarin

Federal Finance Minister Shaukat Tarin on Saturday said Pakistan will have to go to the International Monetary Fund (IMF) for more assistance if the US aid under the Kerry Lugar Bill is not approved. Speaking at a seminar on "Corruption in the Private Sec
Published 11 Oct, 2009 12:00am
More IMF aid will be needed if KLB not approved: Tarin

More IMF aid will be needed if KLB not approved: Tarin

Federal Finance Minister Shaukat Tarin on Saturday said Pakistan will have to go to the International Monetary Fund (IMF) for more assistance if the US aid under the Kerry Lugar Bill is not approved. Speaking at a seminar on "Corruption in the Private Sec
Published 11 Oct, 2009 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
Remittances up 22 percent to record $806.12 million in September

Remittances up 22 percent to record $806.12 million in September

Expatriates remitted a record amount of $806.12 million in September, 2009 against $660.35 million in the same month of last year, showing a rise of $145.77 million, or 22.07 percent. This amount ($806.12 million) includes $0.08 million received through e
Published 11 Oct, 2009 12:00am
Remittances up 22 percent to record $806.12 million in September

Remittances up 22 percent to record $806.12 million in September

Expatriates remitted a record amount of $806.12 million in September, 2009 against $660.35 million in the same month of last year, showing a rise of $145.77 million, or 22.07 percent. This amount ($806.12 million) includes $0.08 million received through e
Published 11 Oct, 2009 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
Remittances up 22 percent to record $806.12 million in September

Remittances up 22 percent to record $806.12 million in September

Expatriates remitted a record amount of $806.12 million in September, 2009 against $660.35 million in the same month of last year, showing a rise of $145.77 million, or 22.07 percent. This amount ($806.12 million) includes $0.08 million received through e
Published 11 Oct, 2009 12:00am
Taxpayers registration process to be decentralised

Taxpayers registration process to be decentralised

The Federal Board of Revenue (FBR) is going to decentralise the registration process of direct and indirect taxes, as ''E-support Wing'', which is considered to be a solely responsible entity, has failed to entertain aspirants in this regard.
Published 11 Oct, 2009 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
Taxpayers registration process to be decentralised

Taxpayers registration process to be decentralised

The Federal Board of Revenue (FBR) is going to decentralise the registration process of direct and indirect taxes, as 'E-support Wing', which is considered to be a solely responsible entity, has failed to entertain aspirants in this regard.
Published 11 Oct, 2009 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
Taxpayers registration process to be decentralised

Taxpayers registration process to be decentralised

The Federal Board of Revenue (FBR) is going to decentralise the registration process of direct and indirect taxes, as 'E-support Wing', which is considered to be a solely responsible entity, has failed to entertain aspirants in this regard.
Published 11 Oct, 2009 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
FBR planning to combine four refund systems into one

FBR planning to combine four refund systems into one

The Federal Board of Revenue (FBR) is planning to combine four sales tax systems and automated refund programs into a single error-free integrated refund system to check issuance of bogus/illegal claims. Sources told Business Recorder here on Satur
Published 11 Oct, 2009 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
FBR planning to combine four refund systems into one

FBR planning to combine four refund systems into one

The Federal Board of Revenue (FBR) is planning to combine four sales tax systems and automated refund programs into a single error-free integrated refund system to check issuance of bogus/illegal claims. Sources told Business Recorder here on Satur
Published 11 Oct, 2009 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from October 09, 2009.

Published 11 Oct, 2009 12:00am
FBR planning to combine four refund systems into one

FBR planning to combine four refund systems into one

The Federal Board of Revenue (FBR) is planning to combine four sales tax systems and automated refund programs into a single error-free integrated refund system to check issuance of bogus/illegal claims. Sources told Business Recorder here on Satur
Published 11 Oct, 2009 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from October 09, 2009.

Published 11 Oct, 2009 12:00am
Some Canadian troops to stay in Afghanistan beyond 2011

Some Canadian troops to stay in Afghanistan beyond 2011

Canada will keep some troops in Afghanistan beyond a lawmaker-mandated 2011 deadline for withdrawal to serve in development and reconstruction roles, a government spokesman said Saturday. Canadian lawmakers voted in March 2008 to end the deployment of Can
Published 11 Oct, 2009 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from October 09, 2009.

Published 11 Oct, 2009 12:00am
Bolivia to buy Chinese jets to battle drugs

Bolivia to buy Chinese jets to battle drugs

Bolivia plans to buy six Chinese light military aircraft worth nearly $58 million to fight drug traffickers in the world's No 3 cocaine producer, leftist President Evo Morales said on Saturday. "Last week we issued a supreme decree to ... acquire six K-8
Published 11 Oct, 2009 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
Yemen, Saudi bureaucrats block refugee aid shipment

Yemen, Saudi bureaucrats block refugee aid shipment

Yemen and Saudi officials stopped a UN aid shipment destined for refugees from fighting between Yemen troops and Shiite rebels on Saturday, unable to agree on border procedures. Three trucks laden with tents, mattresses, soap and other necessities were ha
Published 11 Oct, 2009 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
President and Prime Minister condemn attack

President and Prime Minister condemn attack

President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani on Saturday strongly condemned the terrorist attack on General Headquarters (GHQ), Rawalpindi. President Zardari and Prime Minister Gilani in their separate messages said such terrorist acts
Published 11 Oct, 2009 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
TTP claims responsibility

TTP claims responsibility

Tehreek-e-Taliban Pakistan (TTP) has claimed responsibility of the terrorist attack on General Headquarters of Pakistan Army in Rawalpindi. According to official sources, the TTP has taken the responsibility of the terrorist attack on GHQ and warned of mo
Published 11 Oct, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
TTP claims responsibility

TTP claims responsibility

Tehreek-e-Taliban Pakistan (TTP) has claimed responsibility of the terrorist attack on General Headquarters of Pakistan Army in Rawalpindi. According to official sources, the TTP has taken the responsibility of the terrorist attack on GHQ and warned of mo
Published 11 Oct, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
Militants hold 15 soldiers hostage

Militants hold 15 soldiers hostage

Heavily armed militants are holding up to 15 soldiers hostage inside Pakistan's army headquarters after they stormed the complex in an audacious assault on the nuclear-armed country's most powerful institution. Army spokesman Major General Athar Abbas sai
Published 11 Oct, 2009 12:00am
Militants hold 15 soldiers hostage

Militants hold 15 soldiers hostage

Heavily armed militants are holding up to 15 soldiers hostage inside Pakistan's army headquarters after they stormed the complex in an audacious assault on the nuclear-armed country's most powerful institution. Army spokesman Major General Athar Abbas sai
Published 11 Oct, 2009 12:00am
Government decides to launch operation in South Waziristan

Government decides to launch operation in South Waziristan

The government has decided to launch military operation against terrorists in South Waziristan and to hold talks with US officials over disputed clauses of Kerry-Lugar Bill, sources told Business Recorder on Saturday. They said that the political a
Published 11 Oct, 2009 12:00am
THE RUPEE: dollar up

THE RUPEE: dollar up

Downward trend was seen the currency market on Saturday as the rupee shed some gains versus dollar in process of trading, dealers said. On the interbank market the rupee shed five paisa at 83.25 and 83.30 versus dollar for buying and selling, they said. I
Published 11 Oct, 2009 12:00am
Government decides to launch operation in South Waziristan

Government decides to launch operation in South Waziristan

The government has decided to launch military operation against terrorists in South Waziristan and to hold talks with US officials over disputed clauses of Kerry-Lugar Bill, sources told Business Recorder on Saturday. They said that the political a
Published 11 Oct, 2009 12:00am
THE RUPEE: dollar up

THE RUPEE: dollar up

Downward trend was seen the currency market on Saturday as the rupee shed some gains versus dollar in process of trading, dealers said. On the interbank market the rupee shed five paisa at 83.25 and 83.30 versus dollar for buying and selling, they said. I
Published 11 Oct, 2009 12:00am
AN audacious assault

AN audacious assault

Terrorists tried to storm army's headquarters (GHQ) Saturday, with six soldiers, including a Brigadier and a Lieutenant Colonel, a passer-by and four terrorists killed in an audacious attack here. The senior officers were identified as Anwer and Waseem, r
Published 11 Oct, 2009 12:00am
AN audacious assault

AN audacious assault

Terrorists tried to storm army's headquarters (GHQ) Saturday, with six soldiers, including a Brigadier and a Lieutenant Colonel, a passer-by and four terrorists killed in an audacious attack here. The senior officers were identified as Anwer and Waseem, r
Published 11 Oct, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (October 10, 2009).

Published 11 Oct, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (October 10, 2009).
Published 11 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 Saturday (October 10, 2009).

Published 11 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 Saturday (October 10, 2009).

Published 11 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 Saturday (October 10, 2009).

Published 11 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 Saturday (October 10, 2009).

Published 11 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 11 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 11 Oct, 2009 12:00am
Indonesian coal prices steady

Indonesian coal prices steady

Prices of high-quality Indonesian coal were steady this week on good demand, although ample supplies continued to put pressure on Indonesian sub-bituminous coal, traders said. Thermal coal prices on the globalCOAL Newcastle weekly index, a benchmark for A
Published 11 Oct, 2009 12:00am
US corn estimate boosted by record yields: USDA

US corn estimate boosted by record yields: USDA

US farmers are poised to harvest their second-largest corn crop on record after near-ideal growing weather boosted yields to a record high, the US Agriculture Department said Friday. USDA pegged the corn crop, used to feed livestock and make ethanol, at 1
Published 11 Oct, 2009 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canada canola futures closed higher on Friday following the weather-related spike in US soybeans, but the soaring Canadian dollar capped gains, traders said. Front-month canola rose 1.5 percent, lagging the 3 percent jump in benchmark soybeans. Cold,
Published 11 Oct, 2009 12:00am
HRW wheat bids steady

HRW wheat bids steady

Basis bids for hard red winter wheat in the US Plains were steady on Friday, with rains across the region helping the newly planted crop. Traders said areas in northern Oklahoma got up to six inches of rain on Thursday. "Some of the wheat is coming out an
Published 11 Oct, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 112,700 tonnes of cargo including 96,657 tonnes import and 16,043 tonnes export cargo including 3,449 empty and loaded containers during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 51,877 tonnes dry carg
Published 11 Oct, 2009 12:00am
US wheat futures down

US wheat futures down

US wheat futures closed lower on Friday, pressured by bearish US and world wheat ending stocks numbers in USDA's October crop production and supply/demand reports. CBOT December wheat down 6 cents per bushel at $4.68. Funds sold 3,000 lots. USDA said 2009
Published 11 Oct, 2009 12:00am
FOB Gulf soya export premiums steady

FOB Gulf soya export premiums steady

US soyabean export premiums at the Gulf of Mexico were steady on Friday and generally steady in the week, despite a lull in demand, as supplies remain tight and demand was expected to rebound next week, traders said. Quiet soyabean demand late this week f
Published 11 Oct, 2009 12:00am
Faisalabad yarn market review
Yarn Prices

Faisalabad yarn market review

Yarns prices increased more sharply and surged by around 15-20 percent after Eid-ul-Fitr. But in medium counts prices were relatively flat. Carded cotton yarn prices were up by around 5 percent compared to the previous month level, and by around 14 percen
Published 11 Oct, 2009 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was again seen on forward cottonseed oilcake market on Saturday. Many buyers were interested in making new deals for the near-term needs, dealers said. The December vaida, which closed at 904.60, opened with a slight rise of 50 paisa at Rs 90
Published 11 Oct, 2009 12:00am
Firm trend amid low volume on cotton market

Firm trend amid low volume on cotton market

Steady trend was seen on the cotton market on Saturday in process of small business, dealers said. The official spot rate resisted further loss at Rs 3450, they said. For the last couple of sessions, gradual decline was seen in trading activity due to ste
Published 11 Oct, 2009 12:00am
Nominal business seen on grain market

Nominal business seen on grain market

Very little business was seen on the wholesale grain and seed market on Saturday as many players were interested in doing business after further fall in the rates, dealers said. On the cereal side urad Burma lost Rs 100 to Rs 2700, sugar gained Rs 100 to
Published 11 Oct, 2009 12:00am
US rice futures decline

US rice futures decline

US rice futures closed lower on Friday on pressure from a firm dollar and an increase by USDA in its forecast for 2009/10 US rice production to 220.6 million cwt from the previous 218.6 million. CBOT November rice down 8 cents per cwt at $13.40. USDA also
Published 11 Oct, 2009 12:00am
US copper lower from three-week high

US copper lower from three-week high

US copper futures lost more than 2 percent by the close on Friday, as a firmer dollar and demand concerns highlighted by rising stockpiles combined to pull prices back down from the previous session's three-week highs. Copper for December delivery sank 6.
Published 11 Oct, 2009 12:00am
US gold drops

US gold drops

US gold futures took a breather on Friday as a dollar bounce prompted pre-weekend profit-taking following this week's sharp rally to the previous session's record high above $1,060 an ounce. Most-active December gold futures settled down $7.70 at $1,048.6
Published 11 Oct, 2009 12:00am
India, Indonesia sugar moves leave market unstirred

India, Indonesia sugar moves leave market unstirred

Moves by India and Indonesia to ease curbs on sugar imports are insufficient to trigger extensive purchases or ignite a rally, as crushing seasons pick up pace and domestic prices slide in India. Early in September, front-month New York raw futures powere
Published 11 Oct, 2009 12:00am
Indonesia permits 23 firms to import white sugar

Indonesia permits 23 firms to import white sugar

Indonesia has issued permits to 23 food and beverage firms to import a total of 60,000 tonnes of white sugar from October to end December amid tight domestic supply, an industry official said on Friday. "There is a possibility that more permits will be is
Published 11 Oct, 2009 12:00am
Cotton market gives muted reaction to USDA report

Cotton market gives muted reaction to USDA report

The US Agriculture Department's monthly supply-demand report was given a subdued reaction by the cotton futures market because the figures provided little surprise to the market, analysts said. USDA trimmed world cotton ending stocks in 2009/10 to 56.13 m
Published 11 Oct, 2009 12:00am
African states threaten veto over Doha cotton accord

African states threaten veto over Doha cotton accord

Four African states threatened late on Thursday to veto any accord in the Doha trade round that did not address their demands for a reduction of Western subsidies for cotton. The negotiations on the product, a mainstay of several African economies, are se
Published 11 Oct, 2009 12:00am
US soyabean futures up

US soyabean futures up

US soyabean futures closed higher on Friday on support from USDA's October crop report that showed a lower-than-expected 2009 US soyabean crop. Also, support from excessive wet weather including flooding and forecasts for a freeze by the weekend in the US
Published 11 Oct, 2009 12:00am
New York sugar finishes down

New York sugar finishes down

Raw sugar futures closed at a two-month low Friday on late investor liquidation, and the momentum from the sell-off could lead to further losses going into next week, brokers said. The March raw sugar contract dove 1.30 cents, or 5.7 percent, to end at 21
Published 11 Oct, 2009 12:00am
Australia's wheat forecast likely seen edging up

Australia's wheat forecast likely seen edging up

Estimates of Australia's 2009/10 wheat crop are expected to nudge higher in coming weeks as favourable weather has lifted crop prospects in Western Australia and the country's southern wheat belts ahead of harvest. Australian Crop Forecasters said on Frid
Published 11 Oct, 2009 12:00am
Gold shoots to record high in globe

Gold shoots to record high in globe

The price of gold soared to a record high above 1,060 dollars an ounce this week, spurred on by a weakening dollar and doubts about the greenback's future as the world's leading reserve currency. The price of gold struck a series of all-time highs this we
Published 11 Oct, 2009 12:00am
Iranian banks have $38 billion loans in arrears

Iranian banks have $38 billion loans in arrears

The Iranian banking system has loans in arrears of almost twice its amount of capital, a senior official said in remarks published on Saturday, describing it as a "serious problem". Mostafa Pourmohammadi, head of the National Inspectorate Organisation, bl
Published 11 Oct, 2009 12:00am
Qatari SWF unit becomes Songbird's top shareholder

Qatari SWF unit becomes Songbird's top shareholder

Qatar Holding, the investment arm of Qatar's sovereign wealth fund, said on Saturday it had become the largest shareholder in Songbird Estates, owner of much of London's Canary Wharf business hub. AIM-listed firm Songbird has confirmed plans for a 620 mil
Published 11 Oct, 2009 12:00am