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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-11-26
Gold hits another all-time high in European trade

Gold hits another all-time high in European trade

Gold prices hit record highs above $1,180 an ounce in Europe on Wednesday, boosted by the euro's move through $1.50 against the dollar and by a report that India may consider buying more bullion from the IMF. Spot gold hit a high of $1,182.70 an ounce and
Published 26 Nov, 2009 12:00am
US MIDDAY: coffee and cocoa jump

US MIDDAY: coffee and cocoa jump

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Wednesday. March arabica coffee contract rose 2.50 cents to $1.3865 per lb at 11:03 am EST (1603 GMT). March raw sugar contract crept up 0.02 cent to 22.10 cents per lb at 11:03 am.
Published 26 Nov, 2009 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Wheat futures on the Chicago Board of Trade were higher early Wednesday, buoyed by a drop in the US dollar, traders said. As of 9:42 am CST (1542 GMT), CBOT December wheat was up 7 cents at $5.40 per bushel.
Published 26 Nov, 2009 12:00am
US MIDDAY: corn and soya up

US MIDDAY: corn and soya up

Corn futures on the Chicago Board of Trade were higher early on Wednesday as a drop in the US dollar sparked fund buying, traders said. CBOT soyabeans were also firmer but backed off their early advances and turned choppy. As of 9:38 am CST (1538 GMT), De
Published 26 Nov, 2009 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures opened higher early on Wednesday, buoyed by a 15-month low in the dollar against a currency basket and another strong home sales report that pointed to tentative signs of stabilisation in the sector following a three-year slump. Benchmar
Published 26 Nov, 2009 12:00am
US MIDDAY: gold hits record

US MIDDAY: gold hits record

US gold futures hit all-time highs above $1,180 an ounce Wednesday, as investor sentiment improved based on a broadly lower dollar and a report that India may buy more gold from the International Monetary Fund. COMEX December gold up $13.40, or 1.1 percen
Published 26 Nov, 2009 12:00am
Sharmila highlights relevance of pro-women bills

Sharmila highlights relevance of pro-women bills

Advisor to Sindh Chief Minister, Ms Sharmila Farooqui, has said that with the passage of two bills about domestic violence and harassment of working women from National Assembly, the women would consider themselves more secure than ever before and a secur
Published 26 Nov, 2009 12:00am
Mirwaiz appeals to EU to play role in Kashmir settlement

Mirwaiz appeals to EU to play role in Kashmir settlement

The APHC Chairman, Mirwaiz Umar Farooq briefed a European Union delegation about the gross human rights violations by Indian troops in occupied Kashmir. According to Kashmir Media Service, the delegation comprising New Delhi based diplomats, Olof Lindgren
Published 26 Nov, 2009 12:00am
Rise in dacoity incidents: security to export consignments demanded

Rise in dacoity incidents: security to export consignments demanded

Exporters and industrialists of Anjuman-e-Tajran have expressed their grave concern over the rise in dacoities, which has created a sense of insecurity among the business community. Talking to newsmen, Shahid Razzaq Sikka, President, Anjuman-e-Tajran aske
Published 26 Nov, 2009 12:00am
Pepco urges defaulters to clear dues

Pepco urges defaulters to clear dues

Managing Director Pakistan Electric Power Company (Pepco), Tahir Basharat Cheema has urged Chief Executive Officers of all DISCOs to take stringent actions against the defaulters and to eliminate power theft. He issued these directives while presiding ove
Published 26 Nov, 2009 12:00am
'Auto mafia' causing huge loss to national kitty

'Auto mafia' causing huge loss to national kitty

Despite the ban on import of used auto machinery under Appendix-C of trade policy, 'auto mafia' in connivance with the alleged support of Custom intelligence officials posted at Chaman and Torkham borders had smuggled and flooded the local markets and Chi
Published 26 Nov, 2009 12:00am
Disabled persons facing problems due to absence of ramps

Disabled persons facing problems due to absence of ramps

The Capital Development Authority (CDA) often does not erect necessary ramps to ensure that people with disabilities can move throughout the city in a safe and convenient manner. Ishaq Khan a disabled boy told APP, that without the required curb ramps, si
Published 26 Nov, 2009 12:00am
UNSG calls for commitment to ensure rights to women

UNSG calls for commitment to ensure rights to women

United Nations Secretary General Ban Ki-moon has called for commitment and measures to ensure rights to women across the world. "On this International Day, let us reaffirm our commitment to women's human rights," the Secretary General said in his message
Published 26 Nov, 2009 12:00am
Auqaf sets deadline against defaulters

Auqaf sets deadline against defaulters

Secretary Auqaf Punjab has directed its zonal managers across the province to launch a drive against the department's defaulters. Zonal administrator Multan, while talking to APP, said that notices were served to all the defaulters to return outstanding d
Published 26 Nov, 2009 12:00am
South Asian Young Entrepreneurs Forum launched

South Asian Young Entrepreneurs Forum launched

As a strategic initiative to bring together young business leaders to groom them to be the next generation of business leaders for South Asia, Saarc Chamber of Commerce and Industry has launched South Asian Young Entrepreneurs Forum (SAYEF) at Colombo, Sr
Published 26 Nov, 2009 12:00am
Bajaur Green beat ICP in exhibition match

Bajaur Green beat ICP in exhibition match

Bajaur Green defeated Islamia College by seven wickets in their first match during their visit to Peshawar at Campus ground on Wednesday. Islamia College won the toss and elected to bat first by setting up 165 runs with Rehan Khan Afridi struck 48 runs in
Published 26 Nov, 2009 12:00am
PR purchasing 175 locomotives from USA, China

PR purchasing 175 locomotives from USA, China

Pakistan Railway has finalised programme to buy 150 locomotives including 75 from China and rest from the USA. This was stated by Chairman Pakistan Railways Sami-ul-Huq Khilji in an interview to APP. He said talks being held with EXIM Bank of China for lo
Published 26 Nov, 2009 12:00am
40,000 educationalists recruited in Punjab so far

40,000 educationalists recruited in Punjab so far

On the direction of Chief Minister Punjab Muhammad Shahbaz Sharif, an oath taking ceremony of newly recruited educationalists was held here on Wednesday at Nusrat Fateh Ali Khan Auditorium. MPA Khawaja Muhammad Islam was the chief guest on the occasion wh
Published 26 Nov, 2009 12:00am
Balochistan package to boost harmony: minister

Balochistan package to boost harmony: minister

The government has taken into confidence all political leadership on Balochistan package which is a historic step towards boosting harmony in all circles belonging to Baluchistan. Punjab Minister for Finance and Planning and Development, Tanvir Ashraf Kai
Published 26 Nov, 2009 12:00am
Team constituted to check pollution

Team constituted to check pollution

District Environment Department has decided to launch a month long drive against smoke emitting vehicles with the objective to check pollution in the city. District Officer Environment, Zafar Iqbal, told APP that the department has constituted a special t
Published 26 Nov, 2009 12:00am
Passco procures 1,562.40 metric tons of paddy

Passco procures 1,562.40 metric tons of paddy

Passco has so far procured 1562.405 metric tons of superior quality paddy from the growers here. Pervez Dahar, Deputy General Manager Passco Hafizabad, said this adding that five procurement centres had been set up at various locations in the district. He
Published 26 Nov, 2009 12:00am
Afghan war

Afghan war

A period of nine years has passed and despite having highly trained fighting force and the latest war machinery in abundance, the Americans and Nato forces, are finding it very difficult to wipe out Taliban and al Qaeda members from Afghanistan.
Published 26 Nov, 2009 12:00am
AE-filing of tax returns

AE-filing of tax returns

Like me, thousands of salaried people (even those above the Rs 0.5 million annual salary income) are not clued into enough to do e-filing of tax returns. Thousands, like me, do not even have computers at home. So why is the FBR, on IMF or World Bank press
Published 26 Nov, 2009 12:00am
'Cancer of fraud' permeates US healthcare system

'Cancer of fraud' permeates US healthcare system

It's a crime so profitable that even dead people are in on the act. A US Senate committee revealed last year that public health insurer Medicare had paid as much as $92 million from 2000 to 2007 for medical services or equipment ordered or prescribed by d
Published 26 Nov, 2009 12:00am
Alarm over asset bubbles returns with recovery

Alarm over asset bubbles returns with recovery

Asset bubbles are coming back, riding the waves of easy money that are now pulling the world economy from recession into unsteady recovery. And now voices are being raised, warning policymakers to burst them early this time, rather than allowing them to r
Published 26 Nov, 2009 12:00am
Viewpoint: Need for an independent accountability commission

Viewpoint: Need for an independent accountability commission

The outing of the NRO beneficiaries' list - its inventory of crimes, ranging from financial corruption and misuse of authority to common crimes of murder and torture - has turned out to be a major naming and shaming event. First, it was the Law and Justic
Published 26 Nov, 2009 12:00am
The beneficiaries have a case

The beneficiaries have a case

As expected, the publication of the NRO beneficiaries' names has provoked strong protests, with some senior re-employed bureaucrats leading the charge. But if their rebuttals/clarifications are given a dispassionate hearing, some, if not all of them, have
Published 26 Nov, 2009 12:00am
MPS: a cautious approach to real economic activity

MPS: a cautious approach to real economic activity

The message from the State Bank of Pakistan (SBP) is unambiguous. It will not be unduly moved by demands from certain quarters for a substantial downward revision in its policy rate, but would base its judgement on its own analysis of the situation.
Published 26 Nov, 2009 12:00am
Four-man panel to remove problems under IRS

Four-man panel to remove problems under IRS

The Federal Board of Revenue (FBR) has constituted a four-member committee to remove all reservations on the establishment of 'Inland Revenue Service' (IRS) group. This was decided in a meeting, hastily convened by FBR Chairman after receiving strong reac
Published 26 Nov, 2009 12:00am
Badar for NAB action against Leghari

Badar for NAB action against Leghari

Secretary General Pakistan Peoples Party (PPP) Jehangir Badar has demanded National Accountability Bureau (NAB) action on references against former President Farooq Leghari to recover looted money from him. The PPP Secretary General was addressing a press
Published 26 Nov, 2009 12:00am
Preservation of Lal Shahbaz Qalandar's tomb directed

Preservation of Lal Shahbaz Qalandar's tomb directed

President Asif Ali Zardari on Wednesday directed the concerned authorities to carry out a detailed survey on the preservation of Lal Shahbaz Qalandar's tomb and prepare a plan for its renovation. During a presentation given to him on renovation and preser
Published 26 Nov, 2009 12:00am
'Fishermen have to go on longer, night voyages during winters'

'Fishermen have to go on longer, night voyages during winters'

Chilly weather, sea water inertia and ebb tide, short days, besides fish and shrimp scarcity inside territorial waters make the fishermen toil nocturnally off the coast to minimum beyond 12 nautical miles with insufficient protections against the winter w
Published 26 Nov, 2009 12:00am
National Museum of Ethnology will be closed on November 27

National Museum of Ethnology will be closed on November 27

Pakistan National Museum of Ethnology, popularly known as the Heritage Museum at Shakarparian will remain closed on 27th and 28th November on account of Haj and Eid-ul-Azha. The museum will reopen as per routine timings from 29th November, Khalid Javaid,
Published 26 Nov, 2009 12:00am
Minister wants timely completion of uplift projects

Minister wants timely completion of uplift projects

Punjab Minister for Culture and Youth affairs Dr Tanvir-Ul-Islam has directed the officers to take all necessary steps for timely completion of ongoing developmental projects so that the cost of construction may not be increased. He was presiding over a m
Published 26 Nov, 2009 12:00am
Eid shopping declines due to escalating inflation

Eid shopping declines due to escalating inflation

The escalating inflation has resulted in about 40 percent decline in the Eid shopping as compared to last year mainly because of the unprecedented price hike of garments, shoes, cosmetics and other items. According to a survey conducted by Business Record
Published 26 Nov, 2009 12:00am
Yemeni team meets pharmaceutical industry officials

Yemeni team meets pharmaceutical industry officials

A three member Yemeni delegation headed by Dr Hameed Al-Huzafi, Inspector GMB, Supreme Board of Drugs met representatives of pharmaceutical industry of Pakistan at a local hotel here on Wednesday. The meeting was organised with the help of Trade Developme
Published 26 Nov, 2009 12:00am
Transfers and postings

Transfers and postings

The Chief Justice of the Lahore High Court (LHC) has announced transfers and postings of eleven civil judges-cum-judicial magistrates.
Published 26 Nov, 2009 12:00am
The Weather

The Weather

The weather report on Wednesday (November 25, 2009) and the forecast for Thursday (November 26, 2009).

Published 26 Nov, 2009 12:00am
LHC dismisses two identical petitions

LHC dismisses two identical petitions

The Lahore High Court (LHC) here on Wednesday dismissed two identical petitions presented by two sugar mills owners praying to restrain Punjab government from seizing sugar beyond 30 percent of their production limit for the general public. The court whil
Published 26 Nov, 2009 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 26 Nov, 2009 12:00am
Jamaat-i-Islami Punjab expands organisational set up

Jamaat-i-Islami Punjab expands organisational set up

Jamaat-e-Islami (JI) Punjab has expanded its organisational set up through appointment of six deputy secretaries on Wednesday. According to details, the JI Punjab Ameer Dr Syed Wasim Akhtar has appointed Maulana Abdul Jalil, Syed Uzair Hamid, Ehsan Ullah
Published 26 Nov, 2009 12:00am
Delay in by-elections: Sheikh Rashid to move Supreme Court

Delay in by-elections: Sheikh Rashid to move Supreme Court

Chief of the Awami Muslim League (AML), Sheikh Rashid Ahmed has announced to seek justice from the Supreme Court against delay in by-elections. While talking to the media after dismissal of his inter court appeal (ICA) challenging single bench orders. He
Published 26 Nov, 2009 12:00am
Bid to smuggle heroin foiled: one held

Bid to smuggle heroin foiled: one held

Directorate General Intelligence & Investigation (DGI&I) on Wednesday foiled a bid to smuggle a huge consignment of heroin at Karachi Airport and arrested a man. According to sources the action was taken on a tip-off that a consignment of 3.1 kilograms of
Published 26 Nov, 2009 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 26 Nov, 2009 12:00am
Trade bodies reject cut in discount rate

Trade bodies reject cut in discount rate

Trade bodies and chambers of commerce and industries of Rawalpindi and Islamabad have expressed serious concern over what they lamented/ called a nominal decline in the discount rate from 13 to 12.50 percent. President Rawalpindi Chamber of Commerce and I
Published 26 Nov, 2009 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 26 Nov, 2009 12:00am
PMKM protests over slow pace of paddy procurement

PMKM protests over slow pace of paddy procurement

The Pakistan Mutthida Kisan Mahaz (PMKM) protested over the slow pace of paddy procurement by the Pakistan Agricultural Storage and Services Corporation (Passco) and urged the government to pay money to paddy growers who are affected by low paddy prices.
Published 26 Nov, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 25, 2009).

Published 26 Nov, 2009 12:00am
Balochistan package: 'new era of prosperity to begin in province'

Balochistan package: 'new era of prosperity to begin in province'

Punjab Finance Minister Tanvir Ashraf Kaira has said that the government has taken into confidence all political leadership on Balochistan package, which is a historic step for Balochistan, and it would boost harmony in all circles belonging to Balochista
Published 26 Nov, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 25, 2009).

Published 26 Nov, 2009 12:00am
Rana Iqbal arrives in Lahore

Rana Iqbal arrives in Lahore

Punjab Assembly Speaker Rana Muhammad Iqbal arrived in the city on Wednesday after attending Commonwealth International Parliamentary Governance seminar in Britain.
Published 26 Nov, 2009 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (November 25, 2009).

Published 26 Nov, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 25, 2009).

Published 26 Nov, 2009 12:00am
Government to launch 'Health TV' next year

Government to launch 'Health TV' next year

The government would be launching 'Health TV' in 2010 costing Rs 20 million in a bid to inculcate awareness among the masses on health issues including prevention and cure of major life threatening diseases. The channel would serve as a best medium to cre
Published 26 Nov, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 25, 2009).

Published 26 Nov, 2009 12:00am
Rana made KBP Kasur president

Rana made KBP Kasur president

Kisan Board Pakistan (KBP) has appointed Rana Khalid Masood Khan as President KBP Kasur, while Haji Muhammad Ramzan has been appointed as Secretary Information. Their election was made through consensus of KBP local organisations of the district Kasur. Th
Published 26 Nov, 2009 12:00am
Railways to run four Eid special trains

Railways to run four Eid special trains

Pakistan Railways has decided to run four special trains to cope with the heavy rush during Eid-ul-Azha holidays, a spokesperson of the Ministry told Business Recorder here on Wednesday. "The notification in this regard has also been issued," an of
Published 26 Nov, 2009 12:00am
96,121 cusecs water released from reservoirs

96,121 cusecs water released from reservoirs

Indus River System Authority (IRSA) on Wednesday released 96,121 cusecs water from various rim stations. According to IRSA, an overall water inflow from various reservoirs recorded was 50,447 cusecs. Water level at Tarbela Dam recorded was at 1442.68 feet
Published 26 Nov, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 25, 2009).

Published 26 Nov, 2009 12:00am
PSM requires Rs 30 billion to run with full capacity: PSAG

PSM requires Rs 30 billion to run with full capacity: PSAG

Private Sector Advisory Group (PSAG) on steel sector has called for provision of an additional fund of Rs 30 billion to enable Pakistan Steel Mills (PSM) to run with full capacity and become a viable unit, Nauman Wazir, head of the group told APP here on
Published 26 Nov, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 25, 2009).

Published 26 Nov, 2009 12:00am
UNHCR begins winter aid distribution among IDPs

UNHCR begins winter aid distribution among IDPs

United Nations High Commissioner for Refugees (UNHCR) has begun to distribute additional relief supplies to some 85,000 internally displaced persons (IDPs) who are living in camps at North-West of Pakistan. This aid will help the IDPs, gathering some 13,6
Published 26 Nov, 2009 12:00am
PPC general body meeting today

PPC general body meeting today

The general body meeting of Peshawar Press Club (PPC) has been convened on Thursday, November 26. The main agenda of the meeting is to present the annual report of the sitting PPC cabinet, besides presenting annual expenditures. Moreover, scrutiny of the
Published 26 Nov, 2009 12:00am
Seed certification officers demand upgradation of posts

Seed certification officers demand upgradation of posts

Seed Certification Officers of Federal Seed Certification and Registration Department of Ministry of Food & Agriculture (MINFA), Islamabad, has demanded upgradation of their posts on the pattern of the provincial government of Punjab.
Published 26 Nov, 2009 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Rates moved both ways on the currency market on Wednesday amid good supply of US currency, dealers said. On the interbank market the rupee gained two paisa against dollar for buying at 83.50 while it did not show any change for selling at 83.55, they obse
Published 26 Nov, 2009 12:00am
Punjab government starts paddy procurement

Punjab government starts paddy procurement

Punjab government has formally started procurement in Sheikhupura and Gujranwala districts of the province. Staff from agricultural department, revenue and food departments and district administration have been appointed at the procurement centres.
Published 26 Nov, 2009 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Rates moved both ways on the currency market on Wednesday amid good supply of US currency, dealers said. On the interbank market the rupee gained two paisa against dollar for buying at 83.50 while it did not show any change for selling at 83.55, they obse
Published 26 Nov, 2009 12:00am
Speakers urge government to protect women against domestic violence

Speakers urge government to protect women against domestic violence

Speakers at a seminar have asked the government to take solid and immediate steps for providing protection to women against the increasing domestic violence. The seminar was arranged by United Nations Development Fund for Women (UNIFEM) in collaboration w
Published 26 Nov, 2009 12:00am
Body to probe distribution of LPG among favourites

Body to probe distribution of LPG among favourites

National Assembly's standing committee on petroleum and natural resources on Wednesday constituted a three-member sub-committee to probe distribution of LPG quota among the favourites in the previous regime. In a detailed briefing to the committee about I
Published 26 Nov, 2009 12:00am
Gilani visits Jatoi's residence; joins Qul

Gilani visits Jatoi's residence; joins Qul

Prime Minister Syed Yousuf Raza Gilani on Wednesday visited the residence of veteran politician Ghulam Mustafa Jatoi to condole with his family and to participate in the 'Qul'. The Prime Minister flew into his ancestral visit New Jatoi, around 15 km from
Published 26 Nov, 2009 12:00am
Public transporters charging double fare

Public transporters charging double fare

Taking advantage of the huge rush of passengers, the owners of public transport vehicles have started charging the homebound people extra, even double the regular fare, due to absence of proper monitoring by the government. A large number of people living
Published 26 Nov, 2009 12:00am
FBR transfers and postings

FBR transfers and postings

The Federal Board of Revenue (FBR) has transferred and posted 356 income tax officials (Grade-17 to 18) to the new positions in the Inland Revenue Service at different Regional Tax Offices (RTOs) across the country. In this regard, the FBR has issued 13 n
Published 26 Nov, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (November 25, 2009).

Published 26 Nov, 2009 12:00am
President appoints Acting Governor Punjab

President appoints Acting Governor Punjab

President, Asif Ali Zardari on Wednesday appointed Rana Muhammad Iqbal Khan, Speaker Provincial Assembly, to act as Acting Governor Punjab in the absence of Salman Taseer, Governor Punjab leaving abroad from December 1 to 6.
Published 26 Nov, 2009 12:00am
Counterfeit HP ink and toner seized

Counterfeit HP ink and toner seized

The South Asia ACF team along with the local police conducted an action against a manufacturer and distributor of counterfeit HP Ink and Toner packaging in the Shah Alam Market, Lahore. HP announced on Tuesday the seizure of 2,922 Toner packages, 263 ink
Published 26 Nov, 2009 12:00am
Doctors held responsible for death of Huma Akram

Doctors held responsible for death of Huma Akram

A three-member doctors committee constituted on the orders of Prime Minister Syed Yousuf Raza Gilani to probe the death cause of the Huma Akram, spouse of former Pakistan cricket captain Wasim Akram, has held doctors responsible for her death. Meanwhile,
Published 26 Nov, 2009 12:00am
Balochistan Package lacked provincial autonomy: Salim

Balochistan Package lacked provincial autonomy: Salim

Terming the government's proposed 'Balochistan Package' as a 'copy of the recommendations' made by Shujaat Hussain's Parliamentary Committee on Balochistan, president of his own faction of PML-Q Salim Saifullah Khan on Wednesday said that the government h
Published 26 Nov, 2009 12:00am
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