News Archives for Print - 2009-10-29

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Wednesday (October 28, 2009).

Published 29 Oct, 2009 12:00am

EU willing to discuss FTA with Pakistan: next meeting in mid-2010

The European Union (EU), a bloc of 27 countries, has expressed a willingness to discuss free trade agreement (FTA) with Pakistan, well-informed sources told Business Recorder on Wednesday. This willingness evolved during recent talks of a dedicated

Published 29 Oct, 2009 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (October 28, 2009).

Published 29 Oct, 2009 12:00am

'Detention of US nationals': Kaira expresses ignorance

Federal Information Minister Qamar Zaman Kaira was reluctant to answer a question regarding taking into detention of American nationals on Monday from F-8 sector of Islamabad and gave an impression of complete ignorance of the incident.

Published 29 Oct, 2009 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (October 28, 2009).

Published 29 Oct, 2009 12:00am

Postponement of by-elections: hearing of appeals adjourned

A division bench of Lahore High Court (LHC) adjourned for Thursday (today) the hearing of appeals against postponement of by-elections, as a Deputy Attorney General (DAG) continued his arguments on behalf of the Chief Election Commissioner (CEC) of Pakist

Published 29 Oct, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (October 28, 2009).

Published 29 Oct, 2009 12:00am

DIBL opens 33rd online branch

Dawood Islamic Bank Ltd (DIBL) has opened its 33rd online branch at F-10 Markaz Islamabad, on Wednesday. The branch was inaugurated by Tariq Iqbal Khan, Chairman and Managing Director, National Investment Trust Ltd (NIT). While speaking to the media, Rafi

Published 29 Oct, 2009 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (October 28, 2009).

Published 29 Oct, 2009 12:00am

Two million non-filers of tax return: enforcement drive to be launched: Tarin

The Minister for Finance, Shaukat Tarin, has said that the Federal Board of Revenue (FBR) has identified approximately 2 million National Tax Number (NTN) holders and potential un-registered businessmen who have not filed their income tax returns for the

Published 29 Oct, 2009 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (October 28, 2009).

Published 29 Oct, 2009 12:00am

Load management programme: textile ministry to seek 300 MMCF gas for running industry

The Textile Ministry is all set to seek allocation of 300 MMCF gas needed to run the industry under the gas load management programme during the peak winter months. Textile industry is currently receiving 100 MMCF gas and going to request for 200 MMCF add

Published 29 Oct, 2009 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (October 28, 2009).

Published 29 Oct, 2009 12:00am

Enhanced Sino-Pak ties to help bring stability in region: Malik

Federal Interior Minister Rehman Malik has stressed the need for further enhancing the bilateral co-operation between Pakistan and China in all spheres of life, saying that the co-operation between the two countries would help in bringing stability in the

Published 29 Oct, 2009 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (October 28, 2009).

Published 29 Oct, 2009 12:00am

Jamaat-i-Islami condemns Peshawar blast

Jamaat-i-Islami Chief Syed Munawar Hassan has strongly condemned the bomb blast in Peshawar and expressed deep grief on the massive loss of life and property. In his statement issued from Mansoora on Wednesday, he said that the subversive activities in th

Published 29 Oct, 2009 12:00am

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 29 Oct, 2009 12:00am

'Operation to continue till complete annihilation of terrorists'

NWFP Minister for Information Mian Iftikhar Hussain has condemned Peepal Mandi Peshawar bomb blast and declared that operation against the terrorists would continue till their complete annihilation. Talking to reporters after his visit of the blast site a

Published 29 Oct, 2009 12:00am

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 29 Oct, 2009 12:00am

Clarification

The last few days have seen reports in the press devoted to the problems being faced by: the value added textile sector. The issue being discussed is the high cost and lack of availability of cotton yarn in the domestic market, making the domestic value a

Published 29 Oct, 2009 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (October 28, 2009).

Published 29 Oct, 2009 12:00am

Democracies can help speed up process of healing and development: Zardari

President Asif Ali Zardari on Wednesday said that the democracies of the world can help speed up the process of healing and development by helping democracy in Pakistan and rendering assistance in critical areas of social and economic development.

Published 29 Oct, 2009 12:00am

New York cotton

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

Published 29 Oct, 2009 12:00am

LHC timings

Lahore High Court (LHC) Chief Justice Khawaja Muhammad Sharif, in the light of the government decision of reversing the clocks by one hour back by November 1, has ordered to observe the following timings at the Principal Seat, LHC Benches and Civil and Se

Published 29 Oct, 2009 12:00am

New York cotton

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

Published 29 Oct, 2009 12:00am

FBR may assign CVT monitoring powers to IT inspectors

The Federal Board of Revenue (FBR) is considering to grant power of additional commissioner, capital value tax (CVT) of detecting concealed transfers transactions attracting CVT to income tax (IT) inspectors to monitor the levy at source.

Published 29 Oct, 2009 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 29 Oct, 2009 12:00am

City Council session held: Iran ready to supply 1,100 megawatts power to Pakistan: CG

To minimise the energy crisis in Pakistan, Iran is ready to supply at least 1,100 megawatts of electricity. This was stated by Masood Muhammad Zamani, Consul General of Islamic Republic of Iran, while addressing the members of City Council on Wednesday, d

Published 29 Oct, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 99,302 tonnes of cargo including 36,863 tonnes import and 62,439 tonnes export cargo including 2,519 empty and loaded containers during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 87,092 tonnes dry carg

Published 29 Oct, 2009 12:00am

Fourth Schedule: police directed to search 184 missing criminals

Karachi Police have been directed to start search of the 184 missing criminals of the Fourth Schedule as soon as possible, it is reliably learnt. This was discussed at the law enforcement agencies meeting held at home department on Monday. The agenda of m

Published 29 Oct, 2009 12:00am

US wheat futures fall

US wheat futures slipped for the third straight day, closing 4.5 percent lower on Tuesday as this week's bounce in the dollar sparked profit-taking. "It's the strength of the dollar as much as anything. It's putting some pressure on," said Dan Cekander, a

Published 29 Oct, 2009 12:00am

Sindh University holds walk against climate change

The Institute of Plant Sciences, University of Sindh organised a walk against climate change at Allama I.I.Kazi Campus Jamshoro on Wednesday. Vice Chancellor Mazharul Haq Siddiqui led the walk. A large number of teachers and students from Applied Geology,

Published 29 Oct, 2009 12:00am

Bangladesh wheat imports to hit three million tonnes

Bangladesh's wheat imports could nearly triple to 3 million tonnes in the current calendar year following lower prices in world markets, port officials and traders said on Wednesday. The import of the commodity was some 1.03 million tonnes in 2008, the ye

Published 29 Oct, 2009 12:00am

Engro Chemical profit declines

Engro Chemical Pakistan Limited (ECPL) has announced un-audited accounts for the nine months ended on September 30, 2009. The net profit for this period was Rs 2,599 million as compared to a net profit of Rs 3,359 million for the same period of last year.

Published 29 Oct, 2009 12:00am

US corn futures down 1.9 percent

Corn futures fell 1.9 percent to close at their lowest level since October 9 on Tuesday due to prospects for improving harvest weather around the US Midwest next week, traders said. A firm dollar, which limited prospects for US corn on the export market,

Published 29 Oct, 2009 12:00am

Engro Chemical profit declines

Engro Chemical Pakistan Limited (ECPL) has announced un-audited accounts for the nine months ended on September 30, 2009. The net profit for this period was Rs 2,599 million as compared to a net profit of Rs 3,359 million for the same period of last year.

Published 29 Oct, 2009 12:00am

Ivorian cocoa prices remain firm

Ivory Coast's cocoa farmgate prices in the main growing regions remained firm last week, supported by high port prices and strong competition between buyers, farmers and exporters said on Wednesday. After its worst harvest in five years, which has deepene

Published 29 Oct, 2009 12:00am

Net loss of KESC shrinks to Rs 5.6 billion

The net loss of Karachi Electric Supply Company (KESC) has declined to Rs 5.615 billion in the quarter ended September 30, 2009 as compared to Rs 6.587 billion recorded in the corresponding period last year. The loss per share (basic) of the company stood

Published 29 Oct, 2009 12:00am

China's soya stocks at ports seen as low

China's port soyabean stocks have fallen by as much as half in the past three months to 2-3 million tonnes, as imports slowed and crushers shunned expensive government stocks ahead of the new harvest. Tight local supplies in the world's biggest soyabean b

Published 29 Oct, 2009 12:00am

Punjab chief minister for supply of water to farmers at tail end

Punjab Chief Minister Muhammad Shahbaz Sharif on Wednesday, directed the authorities concerned to ensure supply of water to the farmers at the tail end of the canals and to take stern actions against the elements involved in water-theft. He added that the

Published 29 Oct, 2009 12:00am

India scraps rice import duty

India has scrapped its rice import duty after severe weather hit output, raising the prospect that the world's second-biggest rice consumer could flip over to become a net importer. Any purchases by India could lift Thai rice prices, seen as the benchmark

Published 29 Oct, 2009 12:00am

Postings and transfers in health department

Punjab Health Department has issued transfer orders of Dr Khizar Mehmood Ahmed Qazi APMO DHQ (Teaching) Hospital Sargodha and posted him as Medical Superintendent THQ hospital Khushab vice Dr Ghulam Sarwar APMO who is directed to report to the Health Depa

Published 29 Oct, 2009 12:00am

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December vaida, which closed at 908.30 and opened with a rise of 20 paisa at Rs 908.50, and the January contract also ended at Rs 951.80 but

Published 29 Oct, 2009 12:00am

Shujaat re-elected Pakistan Kabaddi Federation president

Pakistan Muslim League-Q (PML-Q) President, Chaudhry Shujaat Hussain has been re-elected President of Pakistan Kabaddi Federation. After his re-election, Shujaat vowed to earn laurels for the country in the game of Kabaddi. He also hosted a reception in h

Published 29 Oct, 2009 12:00am

Hectic business seen despite no change in prices on cotton trade

Panic buying was witnessed on cotton market on Wednesday as mills and exporters did not wait for decline in the rates in anticipation of shortage of stock in the coming days and some jitters over the outcome of the meeting of textile stakeholders with the

Published 29 Oct, 2009 12:00am

Sinopec, Kuwait agree on controversial $9 billion refinery

China's Sinopec signed a preliminary pact with Kuwait to build a nine-billion-dollar refinery in southern China, the firm said Wednesday, after it was forced to move the plant due to environmental concerns. Asia's biggest refiner and Kuwait Petroleum Inte

Published 29 Oct, 2009 12:00am

Chemical items mixed on Jodia Bazar

The trading in chemical items moved both ways on Jodia Bazar here on Wednesday. The following changes were noted.

Published 29 Oct, 2009 12:00am

Designated trade officers arrive in Faisalabad today

A four-member delegation comprising designated Trade officers will visit here on Tuesday (October 29). Members of the delegation will visit various industrial and commercial units in addition to the FCCI. They would have a meeting with the local businessm

Published 29 Oct, 2009 12:00am

Rice prices fall sharply on grain market

Bearish trend was seen on the wholesale grain and seed markets on Wednesday, as supply was good but demand was slow by the exporters, dealers said. On the rice side Basmati No 386 new inferior type lost Rs 400 to Rs 2800 and best type also followed the sa

Published 29 Oct, 2009 12:00am

My constituency is more important to me than Zardari: Hashmi

Senior Vice President PML-N, Makhdoom Javed Hashmi has said that for him the people of his constituency are more important than President Asif Zardari. That's why he regularly paid a visit to his constituency and development projects are being completed u

Published 29 Oct, 2009 12:00am

Asian physical rubber prices

Asian physical rubber prices were little changed on Wednesday as trade was subdued with few buyers at current high price levels. The physical market has been supported by tight supplies from major producing countries, including Indonesia, the world's No 2

Published 29 Oct, 2009 12:00am

Powerlooms owners observe token hunger strike

The owners of powerlooms factories and sizing units continued protest on the fourth consecutive day here Wednesday against the price hike of yarn and acute shortage of various counts of yarn in the local markets. The first round of negotiation between tex

Published 29 Oct, 2009 12:00am

US copper ends down

US copper futures drifted down below $3.00 per lb Tuesday after data showing a lower-than-expected level of consumer confidence lifted the dollar and dampened economic recovery hopes. Copper for December delivery slipped 1.20 cents to settle at $2.9990 a

Published 29 Oct, 2009 12:00am

AGP detects Rs 390.6 million of irregularities in CAA

Auditor General of Pakistan has detected a total of Rs 390.6 million of irregularities, embezzlements and non-recoveries in Civil Aviation Authority (CAA). According to Audit Report 2008-09 on the Accounts of Civil Aviation Authority (CAA), the Airport Ma

Published 29 Oct, 2009 12:00am

Copper rise in Asia

Copper prices rose on Wednesday after modest losses in London, gaining on a pause in the dollar's rally and expectations that booming construction in China will pick up where strategic stockpiling for much of the year left off. Concerns about the state of

Published 29 Oct, 2009 12:00am

Remedial measures needed to save pottery industry

Business community engaged with pottery has appealed to the government to take immediate steps for the survival and to bring it out from multifarious problems of pottery industry of Pasrur. Pasrur Tehsil of Sialkot district was famous for producing potter

Published 29 Oct, 2009 12:00am

US rice higher

US rice futures on the Chicago Board of Trade ended higher Tuesday on a bounce in quiet trade after three straight days of lower closes, traders said. But rice kept within recent ranges as slow US harvest underpins the market while slow demand looms. Nove

Published 29 Oct, 2009 12:00am

Cigarette manufacturers: Rs 61 billion revenue seen after revised rates of excise duty

The Federal Board of Revenue (FBR) has projected an amount of Rs 61 billion as taxes from cigarette manufacturers after the upward revision in rates of excise duty on various brands of cigarettes during 2009-10. In 2007-08 revenue from different brands of

Published 29 Oct, 2009 12:00am

Tokyo rubber dips

Key Tokyo rubber futures fell 0.5 percent on Wednesday, with sentiment weighed down as investors took profits from the market's recent rally to one-year highs in the absence of major events. But the Tokyo market is expected to resume its upturn after a te

Published 29 Oct, 2009 12:00am

PSC bans six varieties of wheat for cultivation

Pakistan Seed Council (PSC) has put a ban on the cultivation of six varieties of wheat. All these varieties have been completely deprived of per acre production due to attack of several pests. According to sources, Pakistan Seed Council has completely ban

Published 29 Oct, 2009 12:00am

New York sugar softer

Raw sugar futures settled easier Tuesday on investor sales inspired by a firm dollar and the market may test lower levels over the next few sessions, analysts said. March raw sugar contract slides 0.29 cent to finish at 22.65 cents per lb. March contract

Published 29 Oct, 2009 12:00am

Call to expedite work on projects in Faisalabad

Divisional Commissioner Tahir Hussain has directed the authority concerned to expedite the work on developmental projects being carried out in Faisalabad on special directives of Chief Minister Punjab and asked them to ensure their completion within speci

Published 29 Oct, 2009 12:00am

US soyabean futures lower

US soyabean futures on the Chicago Board of Trade reached a two-week low on Tuesday as a bounce in the dollar spurred profit-taking, traders said. Dollar rose to two-week highs as investors sought shelter in the currency after US consumer data worsened in

Published 29 Oct, 2009 12:00am

US drone strikes may break international law: UN

US drone strikes against suspected terrorists in Afghanistan and Pakistan could be breaking international laws against summary executions, the UN's top investigator of such crimes said Tuesday. "The problem with the United States is that it is making an i

Published 29 Oct, 2009 12:00am

Malaysian palm oil falls

Malaysian crude palm oil futures fell as much as 1.4 percent on Wednesday to hit a near two-week low on higher stocks and crude oil easing from its earlier rally. Palm oil prices extended losses for a third day on market talk that palm oil inventories may

Published 29 Oct, 2009 12:00am

US drone strikes may break international law: UN

US drone strikes against suspected terrorists in Afghanistan and Pakistan could be breaking international laws against summary executions, the UN's top investigator of such crimes said Tuesday. "The problem with the United States is that it is making an i

Published 29 Oct, 2009 12:00am

Malaysian tin up

Malaysian tin rose 1.7 percent on Wednesday, lifted by higher London Metal Exchange prices and strong Japanese demand, one dealer said.

Published 29 Oct, 2009 12:00am

85,135 cusecs water released from reservoirs

The Indus River System Authority (Irsa) on Wednesday released 85,135 cusecs water from various rim stations with inflow of 51,962 cusecs. According to the data released by Irsa here, the maximum water level in River Indus at Tarbela was 1481.62 feet which

Published 29 Oct, 2009 12:00am

Oil edges near $79 on weak equities

Oil edged down towards $79 a barrel on Wednesday, giving up some of the previous day's 1.1 percent gain on weaker Asian equities and a steady dollar, but losses were limited after industry data showed a surprise large drawdown in US crude inventories. Cru

Published 29 Oct, 2009 12:00am

McDonald's Japan employee died of 'overwork': labour office

A store manager with hamburger chain McDonald's in Japan who died of a brain haemorrhage was a victim of "karoshi" or death by overwork, a regional labour office said Wednesday. The woman, employed at an outlet in Yokohama near Tokyo and reportedly aged 4

Published 29 Oct, 2009 12:00am

US gold slips

New York gold futures fell to a three-week low Tuesday, ending lower for a second straight session, as a resurgent dollar amid disappointing consumer confidence data weakened bullion's status as a hedge against a depreciating US currency. December settled

Published 29 Oct, 2009 12:00am

Saudi warns Iran not to politicise Hajj: report

Saudi Hajj Minister Fouad al-Farsi told Iran not to politicise the Hajj after Tehran leaders said Iranians could experience mistreatment during the annual pilgrimage, a report said Wednesday. Iran "should not take advantage of the pilgrimage for political

Published 29 Oct, 2009 12:00am

Gold prices end steady in Asia

Gold prices steadied around $1,040 an ounce on Wednesday, staying above three-week lows hit the day before when the dollar strengthened against the euro. The euro moved away from 14-month highs hit against the dollar on Monday as investors also pared euro

Published 29 Oct, 2009 12:00am

ISE index loses 10.35 points

Equities continued to show negative signs under the lead of hot favourites at Islamabad Stock Exchange (ISE) on Wednesday where bears strengthened their positions under the lead of trend-setters amid decrease in index. ISE-10 Index showed a decrease of 10

Published 29 Oct, 2009 12:00am

US health overhaul raises stakes for Medicare job

The healthcare overhaul moving through Congress elevates the job of running the government's $700-billion Medicare agency to new heights and all but guarantees a political battle over filling the post. The Centers for Medicare and Medicaid Services (CMS),

Published 29 Oct, 2009 12:00am

ISE index loses 10.35 points

Equities continued to show negative signs under the lead of hot favourites at Islamabad Stock Exchange (ISE) on Wednesday where bears strengthened their positions under the lead of trend-setters amid decrease in index. ISE-10 Index showed a decrease of 10

Published 29 Oct, 2009 12:00am

South Africa will seek faster deficit cut if growth allows

South Africa's Treasury would welcome a faster shift to bring down its budget deficit but the pace of the move will depend largely on economic conditions, Finance Minister Pravin Gordhan said on Tuesday. In a joint interview with the Treasury's director g

Published 29 Oct, 2009 12:00am

Mixed trend on LSE

Mixed sentiment was observed on Lahore Stock Exchange on Wednesday and equities kept on moving up and down throughout the day and closed with marginal losses amid reduced trading volume on account of lacking interest on the part of investors.

Published 29 Oct, 2009 12:00am

'US home price gains may not be sustainable'

The gains in US home prices in recent months may not be sustainable and increases in some areas of the country appear to be in "bubble territory," an economist known for his property market expertise said on Tuesday.

Published 29 Oct, 2009 12:00am

Mixed trend on LSE

Mixed sentiment was observed on Lahore Stock Exchange on Wednesday and equities kept on moving up and down throughout the day and closed with marginal losses amid reduced trading volume on account of lacking interest on the part of investors.

Published 29 Oct, 2009 12:00am

Russian aviation workers protest over unpaid wages

Russian aviation workers demonstrated against unpaid wages on Tuesday, in a protest timed to coincide with a visit by Prime Minister Vladimir Putin. "Where is our money?" asked a banner held up by aviation technician Sergei Zhigun, who was last paid seven

Published 29 Oct, 2009 12:00am

Eni offers to ship Turkmen gas to Pakistan and India

Italian energy giant Eni has offered to assist Turkmenistan, Central Asia''s largest gas producer, in shipping its output to India and Pakistan, a Turkmen government source told Reuters on Wednesday. The most direct route to transport gas from Turkmenista

Published 29 Oct, 2009 12:00am

Brazil's bank lending rises, defaults drop in September

Bank lending in Brazil rose for a second straight month in September, while default rates fell for the first time in a year, underscoring the impact of record-low borrowing costs and an improved scenario for the country's banks.

Published 29 Oct, 2009 12:00am

Eni offers to ship Turkmen gas to Pakistan and India

Italian energy giant Eni has offered to assist Turkmenistan, Central Asia's largest gas producer, in shipping its output to India and Pakistan, a Turkmen government source told Reuters on Wednesday. The most direct route to transport gas from Turkmenistan

Published 29 Oct, 2009 12:00am

Zambia needs cheaper IMF development loans

Zambia's central bank chief said on Tuesday the country needs cheaper loans from the International Monetary Fund (IMF) to help revive an economy hit by falling revenue from copper exports. Western donors have frozen some aid for the Health Ministry over c

Published 29 Oct, 2009 12:00am

Eni offers to ship Turkmen gas to Pakistan and India

Italian energy giant Eni has offered to assist Turkmenistan, Central Asia's largest gas producer, in shipping its output to India and Pakistan, a Turkmen government source told Reuters on Wednesday. The most direct route to transport gas from Turkmenistan

Published 29 Oct, 2009 12:00am

DP World sees tough fourth quarter; CFO to join parent firm

Port operator DP World said on Tuesday its 2009 results would be in line with market expectations but warned of a challenging fourth quarter ahead, particularly in the United Arab Emirates and nearby regions. The firm also said, in a separate announcement

Published 29 Oct, 2009 12:00am

BRIndex30 down 33.54 points

On Wednesday, the BRIndex30 opened at 8,056.13, and closed at 8,022.59 points, with a net negative change of -33.54 points and percentage change of -0.42. It experienced intra-day high of 8,118.93 and low of 8,008.93 points. The volume of BRIndex30 was 13

Published 29 Oct, 2009 12:00am

Italian savers may snub new Argentine bond swap

Italian holders of defaulted Argentine bonds will reject a proposed new bond swap and continue with court cases against the government unless the terms of the deal are improved, a representative said on Sunday. On Thursday, Argentine President Cristina Fe

Published 29 Oct, 2009 12:00am

BRIndex30 down 33.54 points

On Wednesday, the BRIndex30 opened at 8,056.13, and closed at 8,022.59 points, with a net negative change of -33.54 points and percentage change of -0.42. It experienced intra-day high of 8,118.93 and low of 8,008.93 points. The volume of BRIndex30 was 13

Published 29 Oct, 2009 12:00am

Italian savers may snub new Argentine bond swap

Italian holders of defaulted Argentine bonds will reject a proposed new bond swap and continue with court cases against the government unless the terms of the deal are improved, a representative said on Sunday. On Thursday, Argentine President Cristina Fe

Published 29 Oct, 2009 12:00am

Index loses 63.85 points

Bearish trend continued at Karachi share market on Wednesday and the KSE-100 index lost 63.85 points to close at 9,251.84 points, mainly due to prevailing law and order situation in the country. The market opened on a positive note and the index hit 9,364

Published 29 Oct, 2009 12:00am

NewAlliance profit beats expectations

NewAlliance Bancshares Inc's quarterly profit beat market expectations, helped by a 21 percent decline in interest expense. The holding company for NewAlliance Bank reported third-quarter net income of $12.6 million, or 13 cents a share, compared with a n

Published 29 Oct, 2009 12:00am

Index loses 63.85 points

Bearish trend continued at Karachi share market on Wednesday and the KSE-100 index lost 63.85 points to close at 9,251.84 points, mainly due to prevailing law and order situation in the country. The market opened on a positive note and the index hit 9,364

Published 29 Oct, 2009 12:00am

NewAlliance profit beats expectations

NewAlliance Bancshares Inc's quarterly profit beat market expectations, helped by a 21 percent decline in interest expense. The holding company for NewAlliance Bank reported third-quarter net income of $12.6 million, or 13 cents a share, compared with a n

Published 29 Oct, 2009 12:00am

Index loses 63.85 points

Bearish trend continued at Karachi share market on Wednesday and the KSE-100 index lost 63.85 points to close at 9,251.84 points, mainly due to prevailing law and order situation in the country. The market opened on a positive note and the index hit 9,364

Published 29 Oct, 2009 12:00am

Parexel posts lower first quarter profit, sees second quarter below Estimates

Clinical research service provider Parexel International Corp posted a lower quarterly profit as consolidation among drugmakers created unevenness in demand for the company's services, and forecast second-quarter adjusted profit slightly below market esti

Published 29 Oct, 2009 12:00am

Shell and Meshe lock horns over Mogas supply

Shell Pakistan Limited (SPL) and Meshe International have locked horns over the supply of Mogas as the consignment, scheduled for delivery on October 22-24, has not yet been supplied. Sources told Business Recorder on Wednesday that the price of NA

Published 29 Oct, 2009 12:00am

Parexel posts lower first quarter profit, sees second quarter below Estimates

Clinical research service provider Parexel International Corp posted a lower quarterly profit as consolidation among drugmakers created unevenness in demand for the company's services, and forecast second-quarter adjusted profit slightly below market esti

Published 29 Oct, 2009 12:00am

Shell and Meshe lock horns over Mogas supply

Shell Pakistan Limited (SPL) and Meshe International have locked horns over the supply of Mogas as the consignment, scheduled for delivery on October 22-24, has not yet been supplied. Sources told Business Recorder on Wednesday that the price of NA

Published 29 Oct, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 25	154.29
USD to Swiss Franc / Nov 25	0.89
Pound Sterling to USD / Nov 25	1.26
Euro to USD / Nov 25	1.05

Stock	Volume
S&P 500 / Nov 22	5,969.34
Nasdaq / Nov 22	18,003.65
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59
France CAC40 / Nov 22	7,255.01
India Sensex / Nov 25	80,331.40
Tokyo Nikkei / Nov 25	38,933.62

Item	Value
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 25	70.68
Karachi Cotton PKR/37.32 KG / Nov 25	17,685
Gold Spot USD/Ounce / Nov 25	2,664.27
Cotton US¢/pound / Nov 25	71.20
Petrol/Litre / Nov 26	248.38

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 26 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 26 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 26 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 26 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 26 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 26 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 26 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 26 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
Waves Home Appliances / Nov 26 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

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