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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-10-21
Leasing facilities: Passco gets EoI from 160 rice mills

Leasing facilities: Passco gets EoI from 160 rice mills

Pakistan Agricultural Storage and Services Corporation (Passco) has received expressions of interest (EoI) from 160 rice mills of the province to lease their facilities to the Corporation for paddy procurement and processing. "However, out of these 160 mi
Published 21 Oct, 2009 12:00am
No further extension of date for filing IT returns

No further extension of date for filing IT returns

The Federal Board of Revenue (FBR) has not further extended the date for filing of income tax returns beyond October 20. Sources told Business Recorder on Tuesday that the commissioners were legally empowered to extend the date on case to case basi
Published 21 Oct, 2009 12:00am
Three TTP outlaws held in Karachi

Three TTP outlaws held in Karachi

The Crime Investigation Department (CID) has apprehended three terrorist of banned Tehreek-e-Taliban Pakistan (TTP) from different areas of city and recovered a suicide jacket and weapons from them on Tuesday. According to sources, a police party headed b
Published 21 Oct, 2009 12:00am
No talks with militants until they surrender: Durrani

No talks with militants until they surrender: Durrani

Minister of State for Industries and Productions, Ayatullah Durrani said on Tuesday that option of discussion with the militants can be considered only when they surrender to the law enforcing agencies by laying down their arms. Talking to PTV, the Minist
Published 21 Oct, 2009 12:00am
Laboratory involved in spreading Hepatitis: CJ takes suo motu notice

Laboratory involved in spreading Hepatitis: CJ takes suo motu notice

Chief Justice Iftikhar Muhammad Chaudhry on Tuesday took suo motu notice on an application seeking action against a laboratory involved in spreading Hepatitis in the country. Muhammad Hamayon Shaheed resident of Faisalabad had submitted an application req
Published 21 Oct, 2009 12:00am
No aid for days: villagers chant 'Down with America'

No aid for days: villagers chant 'Down with America'

Around 600 villagers who earlier fled fighting in South Waziristan between some 30,000 troops against about 12,000 Taliban militants chanted `Long live the Taliban' and`Down with America' after complaining of receiving no government aid for days. The p
Published 21 Oct, 2009 12:00am
LCCI constitutes 128 sector-specific Standing Committees

LCCI constitutes 128 sector-specific Standing Committees

The Lahore Chamber of Commerce and Industry (LCCI) Tuesday has constituted 128 sector-specific Standing Committees to supplement the government efforts aimed at economic revival of the country. The LCCI President, Zafar Iqbal Chaudhry, Senior Vice Preside
Published 21 Oct, 2009 12:00am
Destitute, Neglected Children (Amendment) Bill tabled in Punjab Assembly

Destitute, Neglected Children (Amendment) Bill tabled in Punjab Assembly

The Punjab Destitute and Neglected Children (Amendment) Bill 2009 was tabled in the Punjab Assembly on Tuesday. The bill was tabled by opposition leader Chaudhry Zaheer-ud-Din and others. Earlier, the assembly, expressing concern over the minorities, unan
Published 21 Oct, 2009 12:00am
'Pakistan should focus on garment exports for its share in world trade'

'Pakistan should focus on garment exports for its share in world trade'

Famous Fashion designer Ayesha Shiraz has said that the exports of garments have now become the highest growing sector in the world trade. She said that Pakistan should focus on the garment exports to get its share in the world trade. In her statement she
Published 21 Oct, 2009 12:00am
By-elections in Punjab: CEC submits detailed reply to court

By-elections in Punjab: CEC submits detailed reply to court

Chief Election Commission (CEC) of Pakistan here, on Tuesday, told the Lahore High Court (LHC) that he would entertain request of Punjab Government or any other stakeholder for the postponement of by-elections before issuing a fresh schedule for the polls
Published 21 Oct, 2009 12:00am
Punjab government policy to support private schools lauded

Punjab government policy to support private schools lauded

"Support to the private schools is an important policy matrix of the Punjab government as nobody could ignore their role in the spread of education and therefore, the government is proactively working, as a facilitator, to enable the private schools to fu
Published 21 Oct, 2009 12:00am
TPL Direct Insurance acquires EVAC

TPL Direct Insurance acquires EVAC

TPL Direct Insurance (TDI), the premier auto insurance company, has signed an MOU for the acquisition of EVAC, provider of roadside assistance & emergency services. The signing ceremony was held on the 13th of October, 2009 at TDI's office. This is anothe
Published 21 Oct, 2009 12:00am
Carrying of arms, explosives banned

Carrying of arms, explosives banned

The District Co-ordination Officer (DCO) Peshawar, under section 144 Cr P C, has ordered and prohibited that no person will carry any sort of arms and ammunition or any other articles which is capable of being used for physical violence or carrying of any
Published 21 Oct, 2009 12:00am
Gold hits another historic high

Gold hits another historic high

Gold prices on Tuesday hit another historic high of Rs 33,550 per tola up from Rs 33,200 because of its soaring prices in the international market which were quoted 1,064.50 dollars an ounce, according to traders. The precious metal''s 10-gram rate also w
Published 21 Oct, 2009 12:00am
Gold hits another historic high

Gold hits another historic high

Gold prices on Tuesday hit another historic high of Rs 33,550 per tola up from Rs 33,200 because of its soaring prices in the international market which were quoted 1,064.50 dollars an ounce, according to traders. The precious metal's 10-gram rate also we
Published 21 Oct, 2009 12:00am
Gold hits another historic high

Gold hits another historic high

Gold prices on Tuesday hit another historic high of Rs 33,550 per tola up from Rs 33,200 because of its soaring prices in the international market which were quoted 1,064.50 dollars an ounce, according to traders. The precious metal's 10-gram rate also we
Published 21 Oct, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (October 20, 2009).

Published 21 Oct, 2009 12:00am
Plea to lift ban on import of used textile machinery and parts

Plea to lift ban on import of used textile machinery and parts

Ban on import of used textile machinery and parts are causing huge financial losses to the national exchequer. President of Used Machinery Importers Association M. Ayub Mughal stated this. Talking to newsmen on Tuesday, Mughal criticised Appendix-C of tra
Published 21 Oct, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (October 20, 2009).
Published 21 Oct, 2009 12:00am
Exhibition of Pakistani products to be held in Bishkek

Exhibition of Pakistani products to be held in Bishkek

Kyrgyz Republic Ambassador to Pakistan Bektur Asanov has said that Kyrgyz Republic is making strenuous efforts for strengthening economic co-operation with Pakistan on priority basis. Addressing the members of Sialkot Chamber of Commerce and Industry (SCC
Published 21 Oct, 2009 12:00am
WTO urges 'serious acceleration' of Doha talks

WTO urges 'serious acceleration' of Doha talks

World Trade Organisation chief Pascal Lamy warned Tuesday that long-standing negotiations for a global trade deal would miss a new 2010 deadline unless the pace is stepped up. "We are now one month into the work programme we devised collectively to be abl
Published 21 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 20, 2009).

Published 21 Oct, 2009 12:00am
CJP administers oath to newly appointed Supreme Court judges

CJP administers oath to newly appointed Supreme Court judges

Chief Justice of Pakistan, Iftikhar Mohammad Chaudhry here on Tuesday administered oath to two newly appointed Judges of the Supreme Court of Pakistan in a simple but dignified ceremony. CJP administered oath to Justice Tariq Parvaiz and Justice Ghulam Ra
Published 21 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 20, 2009).

Published 21 Oct, 2009 12:00am
CJP administers oath to newly appointed Supreme Court judges

CJP administers oath to newly appointed Supreme Court judges

Chief Justice of Pakistan, Iftikhar Mohammad Chaudhry here on Tuesday administered oath to two newly appointed Judges of the Supreme Court of Pakistan in a simple but dignified ceremony. CJP administered oath to Justice Tariq Parvaiz and Justice Ghulam Ra
Published 21 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 20, 2009).

Published 21 Oct, 2009 12:00am
Bearish trend prevails on LSE

Bearish trend prevails on LSE

Bearish trend prevailed on the Lahore Stock Exchange (LSE) on Tuesday and the equities showed recovery amid descending transaction volume following investors' interest in the selective shares of oil and banking sectors. The LSE-25 index moved up to 2917.8
Published 21 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 20, 2009).

Published 21 Oct, 2009 12:00am
Bearish trend prevails on LSE

Bearish trend prevails on LSE

Bearish trend prevailed on the Lahore Stock Exchange (LSE) on Tuesday and the equities showed recovery amid descending transaction volume following investors' interest in the selective shares of oil and banking sectors. The LSE-25 index moved up to 2917.8
Published 21 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 21 Oct, 2009 12:00am
Collateral held against NPLs: SBP enhances FSV benefit to 40 percent

Collateral held against NPLs: SBP enhances FSV benefit to 40 percent

The State Bank of Pakistan (SBP) on Tuesday announced further relaxation in the provisioning of loans for banks and DFIs and has allowed 40 percent benefit of forced sale value (FSV) on pledged stocks and mortgaged commercial and residential properties he
Published 21 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 21 Oct, 2009 12:00am
Collateral held against NPLs: SBP enhances FSV benefit to 40 percent

Collateral held against NPLs: SBP enhances FSV benefit to 40 percent

The State Bank of Pakistan (SBP) on Tuesday announced further relaxation in the provisioning of loans for banks and DFIs and has allowed 40 percent benefit of forced sale value (FSV) on pledged stocks and mortgaged commercial and residential properties he
Published 21 Oct, 2009 12:00am
Collateral held against NPLs: SBP enhances FSV benefit to 40 percent

Collateral held against NPLs: SBP enhances FSV benefit to 40 percent

The State Bank of Pakistan (SBP) on Tuesday announced further relaxation in the provisioning of loans for banks and DFIs and has allowed 40 percent benefit of forced sale value (FSV) on pledged stocks and mortgaged commercial and residential properties he
Published 21 Oct, 2009 12:00am
New York cotton

New York cotton

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

Published 21 Oct, 2009 12:00am
Ban on new CNG licences may continue

Ban on new CNG licences may continue

The government may continue the ban on issuing new licences for Compressed Natural Gas (CNG) connections for one more year as per a proposal of the Finance Ministry submitted to the Economic Co-ordination Committee (ECC) of the Cabinet. The objective of t
Published 21 Oct, 2009 12:00am
New York cotton

New York cotton

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

Published 21 Oct, 2009 12:00am
Ban on new CNG licences may continue

Ban on new CNG licences may continue

The government may continue the ban on issuing new licences for Compressed Natural Gas (CNG) connections for one more year as per a proposal of the Finance Ministry submitted to the Economic Co-ordination Committee (ECC) of the Cabinet. The objective of t
Published 21 Oct, 2009 12:00am
Ban on new CNG licences may continue

Ban on new CNG licences may continue

The government may continue the ban on issuing new licences for Compressed Natural Gas (CNG) connections for one more year as per a proposal of the Finance Ministry submitted to the Economic Co-ordination Committee (ECC) of the Cabinet. The objective of t
Published 21 Oct, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 131,589 tonnes of cargo including 95,545 tonnes import and 36,044 tonnes export cargo including 2,785 empty and loaded containers during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 97,189 tonnes dry cargo
Published 21 Oct, 2009 12:00am
Cabinet likely to double postage rates

Cabinet likely to double postage rates

The Cabinet, which is scheduled to meet on Wednesday, is expected to approve 100 percent increase in inland postal tariff from next month, official sources told Business Recorder. Last time, it was in 2001 that postal tariff was revised.
Published 21 Oct, 2009 12:00am
Indonesia revises down sugar output forecast

Indonesia revises down sugar output forecast

Indonesia has revised down its white sugar output forecast from its 2009 crushing season to 2.7 million tonnes, down from a previous estimate of 2.9 million tonnes, an agriculture ministry official said on Tuesday citing weather conditions. "In some (suga
Published 21 Oct, 2009 12:00am
Cabinet likely to double postage rates

Cabinet likely to double postage rates

The Cabinet, which is scheduled to meet on Wednesday, is expected to approve 100 percent increase in inland postal tariff from next month, official sources told Business Recorder. Last time, it was in 2001 that postal tariff was revised.
Published 21 Oct, 2009 12:00am
HRW wheat bids steady

HRW wheat bids steady

Basis bids for hard red winter wheat in the US Plains held steady Tuesday, with winter wheat seeding progressing. USDA said on Monday the US winter wheat crop was 69 percent planted, with the top growing state of Kansas 73 percent planted. The new crop wa
Published 21 Oct, 2009 12:00am
Cabinet likely to double postage rates

Cabinet likely to double postage rates

The Cabinet, which is scheduled to meet on Wednesday, is expected to approve 100 percent increase in inland postal tariff from next month, official sources told Business Recorder. Last time, it was in 2001 that postal tariff was revised.
Published 21 Oct, 2009 12:00am
Low sucrose levels hit cane crushing in Indian state

Low sucrose levels hit cane crushing in Indian state

Cane crushing in India's top sugarcane producing state of Uttar Pradesh has been delayed due to higher water and lower sucrose levels in the standing crop caused by late rains, farm and trade officials said on Tuesday. The lower sucrose level means that n
Published 21 Oct, 2009 12:00am
Eight South Asian nations resist binding emission cuts

Eight South Asian nations resist binding emission cuts

Eight South Asian countries have agreed they can't be part of any climate change deal that sets legally binding limits on their emissions, an Indian official said Tuesday. India, Pakistan and six other nations will present a co-ordinated stance at a key g
Published 21 Oct, 2009 12:00am
Oil World ups EU 2009 rapeseed crop forecast

Oil World ups EU 2009 rapeseed crop forecast

The European Union's 2009 rapeseed crop is likely to reach 21.11 million tonnes, up sharply from 18.92 million tonnes last year and cutting the bloc's import needs, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. This was 300,000 tonnes up
Published 21 Oct, 2009 12:00am
Eight South Asian nations resist binding emission cuts

Eight South Asian nations resist binding emission cuts

Eight South Asian countries have agreed they can't be part of any climate change deal that sets legally binding limits on their emissions, an Indian official said Tuesday. India, Pakistan and six other nations will present a co-ordinated stance at a key g
Published 21 Oct, 2009 12:00am
FOB Gulf corn and soyabeans mostly steady

FOB Gulf corn and soyabeans mostly steady

Export premiums for corn and soyabeans were mostly steady at the Gulf of Mexico on Monday but demand weakened as a rallying futures market pushed cash prices higher, traders said. Some buyers backed away after corn futures rose 3.8 percent and soya prices
Published 21 Oct, 2009 12:00am
Government unlikely to provide funds to rescue PSM

Government unlikely to provide funds to rescue PSM

The federal government is unlikely to pump in further funds to rescue Pakistan Steel Mills (PSM) from its present ailment. Dr Abdul Ghaffar Soomro, Secretary, Ministry of Industries and Production, during his visit to PSM here on October 17 is reported to
Published 21 Oct, 2009 12:00am
Vietnam coffee sales slow, harvest peak in a month

Vietnam coffee sales slow, harvest peak in a month

Coffee trading was slow as Vietnamese farmers were hesitant to unload new beans before price and weather outlooks become clear ahead of the harvest peak that starts late next month, traders said on Tuesday. Coffee prices in Vietnam's key growing province
Published 21 Oct, 2009 12:00am
Government unlikely to provide funds to rescue PSM

Government unlikely to provide funds to rescue PSM

The federal government is unlikely to pump in further funds to rescue Pakistan Steel Mills (PSM) from its present ailment. Dr Abdul Ghaffar Soomro, Secretary, Ministry of Industries and Production, during his visit to PSM here on October 17 is reported to
Published 21 Oct, 2009 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend persisted on the forward cottonseed oilcake market on Tuesday on rising demand, dealers said. The December vaida, which closed at 907.20, opened with a gain of 20 paisa at Rs 907.40 and the January contract also moved up as it had closed pai
Published 21 Oct, 2009 12:00am
Government unlikely to provide funds to rescue PSM

Government unlikely to provide funds to rescue PSM

The federal government is unlikely to pump in further funds to rescue Pakistan Steel Mills (PSM) from its present ailment. Dr Abdul Ghaffar Soomro, Secretary, Ministry of Industries and Production, during his visit to PSM here on October 17 is reported to
Published 21 Oct, 2009 12:00am
Upward trend in prices on cotton market

Upward trend in prices on cotton market

Prices were again on upward march on the cotton market on Tuesday as exporters entered the market to make forward buying, dealers said. The official spot rate was unchanged at Rs 3600, brokers said. In the ready business over 25,000 bales of cotton change
Published 21 Oct, 2009 12:00am
Foreign office blames Iran attack on 'forces out to spoil ties'

Foreign office blames Iran attack on 'forces out to spoil ties'

Pakistan on Tuesday blamed a massive suicide attack in Iran on forces wanting to spoil relations between the countries and denied knowing the whereabouts of the alleged mastermind wanted by Tehran. The comments from foreign ministry came as Iran stepped u
Published 21 Oct, 2009 12:00am
Bangladesh tea prices rise on higher demand

Bangladesh tea prices rise on higher demand

The average price of Bangladeshi teas rose 1.28 percent to 139.85 taka ($2.02) per kg on higher demand at the weekly auction on Tuesday, brokers said. More than 1.54 million kg were sold on average at 139.85 taka per kg, up 1.77 taka from the last sale. S
Published 21 Oct, 2009 12:00am
Foreign office blames Iran attack on 'forces out to spoil ties'

Foreign office blames Iran attack on 'forces out to spoil ties'

Pakistan on Tuesday blamed a massive suicide attack in Iran on forces wanting to spoil relations between the countries and denied knowing the whereabouts of the alleged mastermind wanted by Tehran. The comments from foreign ministry came as Iran stepped u
Published 21 Oct, 2009 12:00am
Prices turn lower on seed, grain market

Prices turn lower on seed, grain market

Downward trend was seen on the wholesale grain market on Tuesday as supply was good in process of trading, dealers said. On the cereal side urad Burma was higher by Rs 200 to Rs 2900. Guwar Sindh fell by Rs 100 to Rs 3000-3300, guwar Punjab best type was
Published 21 Oct, 2009 12:00am
Iran calls for enhanced cooperation against terrorism

Iran calls for enhanced cooperation against terrorism

Speaker of the Iranian Parliament, Ali Larijani has called for enhanced co-operation with Pakistan in all fields, especially to counter terrorism in the region. He stated this in his meeting with Chairman Senate, Farooq H. Naek, while leading the Iranian
Published 21 Oct, 2009 12:00am
Malaysian tin edges up

Malaysian tin edges up

Malaysian tin rose 0.27 percent on Tuesday, partly erasing two straight days of losses, said one dealer.
Published 21 Oct, 2009 12:00am
BRIndex30 gains 172.74 points

BRIndex30 gains 172.74 points

On Tuesday, the BRIndex30 opened at 8,121.70 points, and closed at 8,294.44 points with a net positive change of 172.74 points and percentage change of 2.13. It experienced intra-day high of 8,341.50 and low of 8,064.17 points. The volume of BRIndex30 was
Published 21 Oct, 2009 12:00am
US copper jumps

US copper jumps

The price of copper shot up to a 5-1/2-week high above $2.95 a lb in New York futures trade on Monday, driven by strong investment money flows and currency-related buying as the dollar remained depressed and near 14-month lows against the euro. Copper for
Published 21 Oct, 2009 12:00am
BRIndex30 gains 172.74 points

BRIndex30 gains 172.74 points

On Tuesday, the BRIndex30 opened at 8,121.70 points, and closed at 8,294.44 points with a net positive change of 172.74 points and percentage change of 2.13. It experienced intra-day high of 8,341.50 and low of 8,064.17 points. The volume of BRIndex30 was
Published 21 Oct, 2009 12:00am
Shanghai copper hits six-week top

Shanghai copper hits six-week top

Shanghai copper rose to near six-week highs on Tuesday as the dollar fell to its weakest level in 14 months, boosting the appeal of commodities. The greenback's slide lifted oil above $80 a barrel and gold to near record levels, while global stocks climbe
Published 21 Oct, 2009 12:00am
KSE index recovers 157.78 points

KSE index recovers 157.78 points

The KSE-100 index on Tuesday recovered 157.78 points to close at 9,569.07 points level on renewed buying by both local and foreign investors, mainly in the banking and energy stocks. After opening in positive, the market witnessed selling pressure due to
Published 21 Oct, 2009 12:00am
US rice futures surge

US rice futures surge

US rice futures on the Chicago Board of Trade climbed on Monday in tandem with the other grains, supported by a collapsing dollar and a slow American harvest, traders said. CBOT November rice ended up 21-1/2 cents at $13.87 per cwt; January was up 21-1/2
Published 21 Oct, 2009 12:00am
KSE index recovers 157.78 points

KSE index recovers 157.78 points

The KSE-100 index on Tuesday recovered 157.78 points to close at 9,569.07 points level on renewed buying by both local and foreign investors, mainly in the banking and energy stocks. After opening in positive, the market witnessed selling pressure due to
Published 21 Oct, 2009 12:00am
New York sugar climbs

New York sugar climbs

Raw sugar futures on ICE Futures US at 8:54 am EDT (1254 GMT). March raw sugar contract jumped 0.70 cent to 24.61 cents per lb. Dealing from 24.01 to 24.64 cents. Volume in March contract at 17,026 lots. Support from the weak US dollar, which neared a 14-
Published 21 Oct, 2009 12:00am
KSE index recovers 157.78 points

KSE index recovers 157.78 points

The KSE-100 index on Tuesday recovered 157.78 points to close at 9,569.07 points level on renewed buying by both local and foreign investors, mainly in the banking and energy stocks. After opening in positive, the market witnessed selling pressure due to
Published 21 Oct, 2009 12:00am
Tokyo rubber futures gain

Tokyo rubber futures gain

Tokyo rubber futures rose nearly 3 percent to their highest point in a year on Tuesday as strong oil prices and optimism about recovering demand boosted sentiment. The key Tokyo Commodity Exchange rubber contract for March delivery was up 6.0 yen or 2.7 p
Published 21 Oct, 2009 12:00am
Proposed ''PBS'' to protect ID of parties

Proposed ''PBS'' to protect ID of parties

''Pakistan Bureau of Statistics'' (PBS), which is being established in consultation with the World Bank and UK Department for International Development (DFID), will not disclose names of individuals, firms and instructions while disseminating information
Published 21 Oct, 2009 12:00am
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