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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-10-11
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
Dollar boosted by Bernanke comments

Dollar boosted by Bernanke comments

The dollar rose broadly on Friday after Federal Reserve Chairman Ben Bernanke said the central bank will be ready to tighten monetary policy as an economic recovery takes hold. The US dollar, which slid for much of the week, recovered some losses against
Published 11 Oct, 2009 12:00am
IMM speculators raise short US dollar position

IMM speculators raise short US dollar position

Currency speculators raised their bets against the dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position rose to $20.2 billion in the week ended October 6, from a
Published 11 Oct, 2009 12:00am
China, India, Brazil currencies seen strengthening

China, India, Brazil currencies seen strengthening

Brazil's real and India's rupee should hold firm into 2010 as investors look to emerging markets for growth instead of developed economies, a Reuters poll of BRIC nations' currencies showed on Thursday. Brazil's currency, the real, is expected to fluctuat
Published 11 Oct, 2009 12:00am
Wall Street higher; Dow hits 2009 closing high optimism

Wall Street higher; Dow hits 2009 closing high optimism

US stocks climbed on Friday, with the Dow hitting a closing high for 2009, as investors anticipated positive news from next week's key earnings reports and bullish broker comments boosted tech shares. US stocks achieved their best weekly gains since July
Published 11 Oct, 2009 12:00am
Emerging Markets: LatAm stocks extend rally

Emerging Markets: LatAm stocks extend rally

Latin American stocks extended their rally on Friday, supported by optimism about upcoming corporate earnings, but currencies fell as comments by Federal Reserve Chairman Ben Bernanke propped up the dollar globally. The MSCI stock index for Latin America
Published 11 Oct, 2009 12:00am
Emerging Markets: LatAm stocks extend rally

Emerging Markets: LatAm stocks extend rally

Latin American stocks extended their rally on Friday, supported by optimism about upcoming corporate earnings, but currencies fell as comments by Federal Reserve Chairman Ben Bernanke propped up the dollar globally. The MSCI stock index for Latin America
Published 11 Oct, 2009 12:00am
Korean bonds rally

Korean bonds rally

South Korean treasury bonds rallied on Friday as the central bank stepped back from its previous strong warnings of an early rate hike on signs of a moderating property market boom. The Bank of Korea (BOK) held interest rates steady at a record low as exp
Published 11 Oct, 2009 12:00am
Korean bonds rally

Korean bonds rally

South Korean treasury bonds rallied on Friday as the central bank stepped back from its previous strong warnings of an early rate hike on signs of a moderating property market boom. The Bank of Korea (BOK) held interest rates steady at a record low as exp
Published 11 Oct, 2009 12:00am
Toronto's stock drops

Toronto's stock drops

Currency swings played a big role on Friday in knocking Toronto's main stock index to its first lower close this week. The Canadian dollar, pushed higher by unexpected strength in the jobs market, created discomfort for exporters, while a surge by the US
Published 11 Oct, 2009 12:00am
US corporate bonds widen

US corporate bonds widen

US corporate bond spreads over Treasuries held steady on Thursday, but investors remain nervous that the market may have priced in an excessively strong and sustained economic recovery, leaving it vulnerable to a pullback. "Risk premiums have contracted d
Published 11 Oct, 2009 12:00am
US corporate bonds widen

US corporate bonds widen

US corporate bond spreads over Treasuries held steady on Thursday, but investors remain nervous that the market may have priced in an excessively strong and sustained economic recovery, leaving it vulnerable to a pullback. "Risk premiums have contracted d
Published 11 Oct, 2009 12:00am
Mexican stocks up

Mexican stocks up

Mexican stocks ended up 0.47 percent on Friday driven by America Movil but volume was thinner than usual as investors retreated from some emerging markets ahead of a long weekend. The IPC index of leading shares gained 140.86 points to close at 30,039.71.
Published 11 Oct, 2009 12:00am
Treasuries tumble

Treasuries tumble

US Treasury debt prices sank on Friday after the Federal Reserve said it would not let the current era of easy money get out of hand, raising fears it was closer to hiking interest rates than previously thought. The comments by Fed Chairman Ben Bernanke o
Published 11 Oct, 2009 12:00am
Treasuries tumble

Treasuries tumble

US Treasury debt prices sank on Friday after the Federal Reserve said it would not let the current era of easy money get out of hand, raising fears it was closer to hiking interest rates than previously thought. The comments by Fed Chairman Ben Bernanke o
Published 11 Oct, 2009 12:00am
Canadian bonds easier

Canadian bonds easier

Domestic bond prices weakened on Friday as the market priced in an improving economic outlook and speculation about an earlier than anticipated Bank of Canada rates move, said Guatieri. The market also followed the bigger US Treasury market where debt pri
Published 11 Oct, 2009 12:00am
Canadian bonds easier

Canadian bonds easier

Domestic bond prices weakened on Friday as the market priced in an improving economic outlook and speculation about an earlier than anticipated Bank of Canada rates move, said Guatieri. The market also followed the bigger US Treasury market where debt pri
Published 11 Oct, 2009 12:00am
Mega-IPOs to breed more, but pricing seen key

Mega-IPOs to breed more, but pricing seen key

Giant initial public offerings this week by Banco Santander (Brasil) SA and Verisk Analytics are likely to be followed by more outsized IPOs, but the mixed performance of the stocks shows selling future deals could be difficult. Verisk, an insurance risk
Published 11 Oct, 2009 12:00am
Brazilian stocks post year-high

Brazilian stocks post year-high

Brazil stocks racked up yet another high for the year to date on Friday, as Brazilian stocks followed foreign markets upward after profit-taking in the morning. The benchmark Bovespa index rose 0.49 percent to 64,071.01, after hitting a new intraday high
Published 11 Oct, 2009 12:00am
Indian bonds hit four-week peak

Indian bonds hit four-week peak

Indian federal bond yields rose to four-week highs on Friday after disappointing bond auction results raised concerns about the strength of demand in a market already nervous about a central bank policy review on October 27. The benchmark 10-year bond yie
Published 11 Oct, 2009 12:00am
Indian bonds hit four-week peak

Indian bonds hit four-week peak

Indian federal bond yields rose to four-week highs on Friday after disappointing bond auction results raised concerns about the strength of demand in a market already nervous about a central bank policy review on October 27. The benchmark 10-year bond yie
Published 11 Oct, 2009 12:00am
Turkish stocks gain

Turkish stocks gain

Shares in companies owned by Turkish media mogul Aydin Dogan pushed Istanbul stocks to a new 2009 record on Friday, after a court ruled in favour of one of his media units in a tax collateral case. The Istanbul blue chip index closed 0.68 percent higher a
Published 11 Oct, 2009 12:00am
Taiwan's Power sells bonds, yields beat forecasts

Taiwan's Power sells bonds, yields beat forecasts

Taiwan Power Co, the island's largest issuer of corporate bonds, sold T$15.7 billion ($490 million) of secured bonds, it said on Friday, with the yields higher than forecast due to wariness over recent central bank moves. The central bank has been trying
Published 11 Oct, 2009 12:00am
Taiwan's Power sells bonds, yields beat forecasts

Taiwan's Power sells bonds, yields beat forecasts

Taiwan Power Co, the island's largest issuer of corporate bonds, sold T$15.7 billion ($490 million) of secured bonds, it said on Friday, with the yields higher than forecast due to wariness over recent central bank moves. The central bank has been trying
Published 11 Oct, 2009 12:00am
Brown predicts UK economy will grow more strongly

Brown predicts UK economy will grow more strongly

British Prime Minister Gordon Brown said on Saturday the UK economy will grow more quickly than expected next year, rejecting Conservative suggestions that tough choices and years of hardship were needed to kick-start growth. Speaking to the right-leaning
Published 11 Oct, 2009 12:00am
US judge allows Stanford, others to seek defence fees

US judge allows Stanford, others to seek defence fees

Financier Allen Stanford and other executives who face charges related to an alleged $7 billion fraud may file claims for defence funds under a directors' and officers' insurance policy, a federal judge said on Friday. Stanford has had his assets frozen s
Published 11 Oct, 2009 12:00am
Merkel shelves family tax breaks

Merkel shelves family tax breaks

Chancellor Angela Merkel's conservatives and their Free Democrat allies have shelved plans to lift family spending due to budget constraints but will lower some tax rates to boost growth, a magazine reported on Saturday. Focus magazine reported that leade
Published 11 Oct, 2009 12:00am
Thousands rally to protest planned skyscraper

Thousands rally to protest planned skyscraper

About 3,000 protesters have rallied against a plan to build a hulking skyscraper for state energy giant Gazprom in St. Petersburg. The participants in Saturday's protest urged Russian President Dmitry Medvedev to ban the construction of the 77-story glass
Published 11 Oct, 2009 12:00am
Mexico joins Canada in WTO US labeling dispute

Mexico joins Canada in WTO US labeling dispute

Mexico's government said on Friday it is joining Canada in asking the World Trade Organisation to settle a dispute with Washington over US meat labeling rules, saying they unfairly hurt its exports. Mexico's government said in a statement it has asked for
Published 11 Oct, 2009 12:00am
US eyes free trade pact with Asean

US eyes free trade pact with Asean

The United States is beginning to lay the initial groundwork for talks to forge a free trade agreement with Southeast Asia, ahead of President Barack Obama's maiden trip to the region. A senior US senator will propose a resolution on Tuesday encouraging O
Published 11 Oct, 2009 12:00am
US third quarter growth seen strongest in two years

US third quarter growth seen strongest in two years

The US economy likely grew at its strongest rate in two years during the third quarter, rebounding from a steep downturn that began in December 2007, according to survey of top economists released on Saturday. Private economists polled October 5-6 for the
Published 11 Oct, 2009 12:00am
Thousands protest against Hungary's 2010 budget

Thousands protest against Hungary's 2010 budget

Several thousand protesters gathered in front of Hungary's parliament on Saturday to denounce the 2010 budget which they said would endanger the welfare of those already suffering during the economic crisis. The protest, organised by the centre-right oppo
Published 11 Oct, 2009 12:00am
Airlines set new fuel efficiency, carbon goals

Airlines set new fuel efficiency, carbon goals

The world's airlines have agreed to new fuel efficiency and carbon emission targets which go much further than the levels required through regulation, an industry group said on Saturday. The International Air Transport Association (IATA), which represents
Published 11 Oct, 2009 12:00am
Investments in US venture capital funds plunge

Investments in US venture capital funds plunge

Disappointed investors who threatened to abandon venture capital have carried through, sending the number of new funds tumbling and signalling a smaller industry with fewer venture capitalists. In the first three quarters of this year, only 86 US funds ra
Published 11 Oct, 2009 12:00am
Investments in US venture capital funds plunge

Investments in US venture capital funds plunge

Disappointed investors who threatened to abandon venture capital have carried through, sending the number of new funds tumbling and signalling a smaller industry with fewer venture capitalists. In the first three quarters of this year, only 86 US funds ra
Published 11 Oct, 2009 12:00am
China objects to US steel pipes probe

China objects to US steel pipes probe

China said it adamantly opposed a US inquiry that could lead to new duties of 100 percent or more on seamless steel Chinese-made pipes, accusing Washington of "blindly" hitting its products with anti-dumping accusations. The angry words from China's Minis
Published 11 Oct, 2009 12:00am
Iran aims to sharply boost fuel output by 2012

Iran aims to sharply boost fuel output by 2012

Iran plans to increase gasoline production capacity by more than 50 percent by 2012, a senior official was quoted as saying, in comments coinciding with talk of possible Western sanctions targeting its fuel imports. Iran, the world's fifth-largest crude o
Published 11 Oct, 2009 12:00am
Banned US beef found in Japan

Banned US beef found in Japan

Japan's farm ministry said Saturday that it had found a cow backbone in a shipment from the United States that violates a ban imposed due to concerns over mad cow disease. A Japanese importer on Friday informed the ministry that it had received a box cont
Published 11 Oct, 2009 12:00am
India set to be global leader in technology services: Forbes chief

India set to be global leader in technology services: Forbes chief

India is set to become a global leader in technology services as software companies move up in the value chain, while the weak dollar has hurt the US economic recovery, the Chairman and CEO of business publisher Forbes said on Saturday.
Published 11 Oct, 2009 12:00am
Saudi fertilisers third quarter profit plummets

Saudi fertilisers third quarter profit plummets

Saudi Arabian Fertilisers Co (Safco) said on Saturday that lower global prices were behind an almost 75 percent drop in its third-quarter net profit, sending its stock price down as much as 5.2 percent. Safco said it made 464 million riyals ($123.7 millio
Published 11 Oct, 2009 12:00am
Saudi fertilisers third quarter profit plummets

Saudi fertilisers third quarter profit plummets

Saudi Arabian Fertilisers Co (Safco) said on Saturday that lower global prices were behind an almost 75 percent drop in its third-quarter net profit, sending its stock price down as much as 5.2 percent. Safco said it made 464 million riyals ($123.7 millio
Published 11 Oct, 2009 12:00am
China cuts aviation fuel prices

China cuts aviation fuel prices

China will cut the price of aviation fuels by about 4 percent from Sunday, reflecting recent falls in international crude oil prices, according to an announcement from the National Development and Reform Commission. The Commission announced the reductions
Published 11 Oct, 2009 12:00am
South Korea agrees with China to consider FTA

South Korea agrees with China to consider FTA

South Korea and China agreed to consider a free trade deal and the two neighbours expect bilateral trade to double by 2013, Seoul's government said on Saturday. That came as leaders of China, Japan and South Korea met and vowed to work together for closer
Published 11 Oct, 2009 12:00am
EU wants to cut energy consumption by 20 percent

EU wants to cut energy consumption by 20 percent

The European Commission wants to make a 20 percent cut in energy consumption by 2020 mandatory for all members, a newspaper reported Saturday, quoting a proposal document. The specialist Europolitique daily said the commission wanted to turn the condition
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Grain market rates

Grain market rates

Karachi grain market rates in rupees 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
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