News Archives for Print - 2009-12-16

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

Approval of NFC award disappoints ill-wishers: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that unanimous approval of National Finance Commission (NFC) Award has sorely disappointed the ill-wishers of the country and dispelled the impression that Pakistan is a failed state. He expressed the

Published 16 Dec, 2009 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

Lahore Corps sends relief goods to Waziristan IDPs

To support the internally displaced persons (IDPs) of South Waziristan, Lahore Corps has contributed relief goods worth Rs 6 million. The second consignment of the relief goods donated by Lahore Corps comprising 14 trucks left Lahore for D. I. Khan here o

Published 16 Dec, 2009 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

KBP concerned on levying agricultural tax

Kisan Board Pakistan (KBP) has expressed its serious concern over the statement of the Finance Minister in which he has asked the provinces to levy agricultural tax. In a statement issued here on Tuesday KBP President, Sardar Zafar Hussein Khan said that

Published 16 Dec, 2009 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Tuesday (December 15, 2009)

Published 16 Dec, 2009 12:00am

Revised VAT registration: need stressed to exempt small, medium retailers

The effective way to implement new Value Added Tax 2010 within the entire supply chain is to exempt small and medium retailers and vendors from the revised VAT registration threshold in view of their higher compliance cost of documentation.

Published 16 Dec, 2009 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Tuesday (December 15, 2009)

Published 16 Dec, 2009 12:00am

12 AD&SJ promoted

The Chief Justice Lahore High Court (LHC) here on Tuesday promoted twelve Additional District and Sessions Judges (AD&SJ) to the rank of District and Sessions Judge (D&SJ) on the recommendations of the Provincial Judicial Selection Board.

Published 16 Dec, 2009 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Tuesday (December 15, 2009)

Published 16 Dec, 2009 12:00am

Meeting held to discuss availability of yarn in domestic market

A high level meeting was chaired by Rana. M. Farooq Saeed Khan, Minister for textile Industry to discuss the availability of yarn in the domestic market in Ministry of Textile Industry on Tuesday. The meeting aimed to review the present production, consum

Published 16 Dec, 2009 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

CDA to develop Jinnah Super Market

Capital Development Authority (CDA) is all set to uplift Jinnah Super Market as pollution-free, easy-moving and secure recreational model business hub of the federal capital, the first ever project to develop a city centre. The idea behind the project is

Published 16 Dec, 2009 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

National conference on 'birth spacing saves lives' held

The Ministry of Health in collaboration with the Planning Division will identify sustainable means to meet future requirements of the health sector, said Minister for Health Makhdoom Shahabuddin.

Published 16 Dec, 2009 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

SAFE conference today

South Asian Federation of Exchanges (SAFE), a SAARC recognised body and an affiliate of the World Federation of Exchanges, will hold 'SAFE - First Country Roundtable' today (Wednesday) in Karachi.

Published 16 Dec, 2009 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

DG Khan blast: Malik asks IG Punjab to submit inquiry report

Interior Minister Rehman Malik on Tuesday directed the Inspector General, Punjab police Tariq Saleem Dogar to submit the inquiry report of the D G Khan blast. He strongly condemned the blast incident in which many innocent people were killed and several o

Published 16 Dec, 2009 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

'PPP government chalking out dynamic agriculture policy to attract foreign investment'

The PPP government is chalking out a dynamic agriculture policy to attract foreign investment, short and long term energy programmes to meet the shortfall on sustainable basis whereas announcement of 7th National Finance Commission (NFC) Award with consen

Published 16 Dec, 2009 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

Punjab government, Malaysia sign MoU for cooperation in agriculture, livestock sectors

Punjab government on Tuesday signed a memorandum of understanding (MoU) with Malaysia for co-operation in agriculture and livestock sectors here on Tuesday. According to an official, Punjab Agriculture Secretary Cap. Arif Nadeem (Retd), Secretary Livestoc

Published 16 Dec, 2009 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 16 Dec, 2009 12:00am

PCDMA asks FBR to recast 'risky' taxpayer parameters

Pakistan Chemical & Dyes Merchant's Association has approached the Federal Board of Revenue to abolish certain harsh parameters which help in declaring a taxpayer "risky" in case of non-compliance from January 2010.

Published 16 Dec, 2009 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

Trade boost, FTA: EU to step up dedicated dialogue with Pakistan

The European Union has said it has agreed with Pakistan to step up a dedicated dialogue in order to enhance the trade relationship, including the possibility of a free trade agreement. This was stated by Ambassador of Sweden in Pakistan Anna Karinenestrom

Published 16 Dec, 2009 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

Iftikhar Malik re-nominated Saarc CCI vice president

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has re-nominated its former President Iftikhar Ali Malik, as the Vice President of Saarc Chamber of Commerce & Industry (Saarc CCI) from Pakistan for the tenure 2010 and 2011.

Published 16 Dec, 2009 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

Marri announces Rs 0.5 million for late Najeeb Ahmed's family

The services of senior journalist and former President of Karachi Press Club (KPC) late Najeeb Ahmed, would be long remembered. This was stated by the Sindh Minister for Information Ms Shazia Marri while talking to reporters at the residence of late Najee

Published 16 Dec, 2009 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

Saifur Rehman may be arrested

The government is said to have decided to arrest and being the former National Accountability Bureau (NAB) Chief and ex-senator Saifur Rehman from Qatar and constituted a Federal Investigation Agency (FIA) team to arrest him through the Interpol. Talking

Published 16 Dec, 2009 12:00am

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 Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

London sugar rises after setting record peak

March white sugar in London finished $5.50 higher at $656.20 a tonne after setting a record peak for the front month of $666.30 on Tuesday. Market supported by nearby supply tightness after heavy rains reduced production in top exporter Brazil. London Mar

Published 16 Dec, 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 Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

India ready to join talks on IPI

India, Pakistan and Iran are likely to hold trilateral talks on the gas pipeline project in January. Iranian Oil Minister''s special representative for the project Hojjatollah Ghanimifard said that the talks might resume in January since India declared it

Published 16 Dec, 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 Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

India ready to join talks on IPI

India, Pakistan and Iran are likely to hold trilateral talks on the gas pipeline project in January. Iranian Oil Minister's special representative for the project Hojjatollah Ghanimifard said that the talks might resume in January since India declared it

Published 16 Dec, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

India ready to join talks on IPI

India, Pakistan and Iran are likely to hold trilateral talks on the gas pipeline project in January. Iranian Oil Minister's special representative for the project Hojjatollah Ghanimifard said that the talks might resume in January since India declared it

Published 16 Dec, 2009 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

AJK Council budget announced

The Minister for Kashmir Affairs, Qamar Zaman Kaira, has presented Rs 6.775 billion AJK Council budget for 2009-10 with development and non-development expenditures amounting to Rs 2 billion and Rs 872 million, respectively. The Minister also presented re

Published 16 Dec, 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 Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

ADB upgrades economic forecast for developing Asia

The Asian Development Bank (ADB) has upgraded its economic forecast for developing Asia after third-quarter data showed a better-than-expected performance by many countries in the region. In a special assessment of the region released on Tuesday, ADB said

Published 16 Dec, 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 Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

Vietnam hopes US will not repeat 'mistakes' in Afghanistan

Vietnam's President Nguyen Minh Triet said he hoped the United States would not repeat the same "mistakes" in Afghanistan it committed in the war in his country over 30 years ago, in an interview published Tuesday. "I hope that the American and Afghan peo

Published 16 Dec, 2009 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

Vietnam hopes US will not repeat 'mistakes' in Afghanistan

Vietnam's President Nguyen Minh Triet said he hoped the United States would not repeat the same "mistakes" in Afghanistan it committed in the war in his country over 30 years ago, in an interview published Tuesday. "I hope that the American and Afghan peo

Published 16 Dec, 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 16 Dec, 2009 12:00am

$25 billion export target may not be met: PTEA chief

Achieving export target of $25 billion appears to be a Herculean task in the perspective of $7.61 billion export performance in the first five months of current fiscal. This was opined by the Chairman Pakistan Textile Exporters Association (PTEA), Khurram

Published 16 Dec, 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 16 Dec, 2009 12:00am

TIP accuses NICL of PPR violations

The National Insurance Company Limited (NICL) has been accused of blatant violation of Public Procurement Rules (PPR) 2004 in inviting tenders for procurement of 100-200 acres plot for housing society and 4000-10000 sq yds plots for commercial development

Published 16 Dec, 2009 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (December 15, 2009).

Published 16 Dec, 2009 12:00am

TIP accuses NICL of PPR violations

The National Insurance Company Limited (NICL) has been accused of blatant violation of Public Procurement Rules (PPR) 2004 in inviting tenders for procurement of 100-200 acres plot for housing society and 4000-10000 sq yds plots for commercial development

Published 16 Dec, 2009 12:00am

New York cotton

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

Published 16 Dec, 2009 12:00am

TIP accuses NICL of PPR violations

The National Insurance Company Limited (NICL) has been accused of blatant violation of Public Procurement Rules (PPR) 2004 in inviting tenders for procurement of 100-200 acres plot for housing society and 4000-10000 sq yds plots for commercial development

Published 16 Dec, 2009 12:00am

New York cotton

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

Published 16 Dec, 2009 12:00am

Government fails to resolve yarn crisis: PHMA

Vice Chairman Pakistan Hosiery Manufacturers Association (PHMA) Naeem Ahmad has said that the government failed to resolve the issue of non-availability of yarn to value-added textile sector. Addressing a press conference here on Tuesday he said that the

Published 16 Dec, 2009 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 Dec, 2009 12:00am

Cotton prices reach up to Rs 4,500 per 40 kg

The cotton prices in the market have reached up to Rs 4500 40-kg. According to the market sources, due to continuous export of yarn and cotton, the prices are increasing. Big textile groups have taken back their hands from the procurement of cotton wherea

Published 16 Dec, 2009 12:00am

Sui Northern Gas Pipelines Limited

Pakistan in its early days of independence was blessed with rich deposits of natural gas. A large field was discovered in 1952 at Sui in Balochistan Province. After its development, Sui field started supplying gas to various cities. After this success, ex

Published 16 Dec, 2009 12:00am

Thousands of workers protest against government policies

Thousands of workers belonging to industrial and transport sector most of them were daily wage earners took out protest procession against government policies and price hike, here on Tuesday.

Published 16 Dec, 2009 12:00am

JJVL: contribution and commitment to the people

Jamshoro Joint Venture Limited (JJVL), Pakistan's single largest producer of LPG, is a stakeholder in the development of District Hyderabad, Sindh, where its LPG Extraction Plant is situated. Since the commissioning of its Plant in early 2005, JJVL has ke

Published 16 Dec, 2009 12:00am

Australia central bank dampens prospect of rate hike

Australia's central bank dampened expectations for further rate hikes Tuesday, saying it was in a suitably "flexible" position following three successive increases in three months. The Reserve Bank of Australia (RBA) said economic growth in 2009 had turne

Published 16 Dec, 2009 12:00am

Oil and Gas Development Company Limited

Oil and Gas Development Company Limited (OGDCL) is the leading Exploration and Production (E&P) Company in Pakistan, listed on all the three Stock Exchanges of Pakistan as well as on London Stock Exchange. The Company was initially created as a Public Sec

Published 16 Dec, 2009 12:00am

Mixed trend at ISE

Mixed trend was observed at the Islamabad Stock Exchange (ISE) on Tuesday where bulls and bears had a close fight under the lead of trend-setters amid increase in index. ISE-10 Index was up by 4.70 points from to 2,142.44 to 2,147.14 points. Turnover amou

Published 16 Dec, 2009 12:00am

Chevron Pakistan Limited

Chevron Pakistan Limited is part of Chevron Corporation, one of the world's largest integrated energy companies. Headquartered in San Ramon, California, and conducting business in more than 100 countries, this highly competitive corporation is engaged in

Published 16 Dec, 2009 12:00am

Mixed trend at ISE

Mixed trend was observed at the Islamabad Stock Exchange (ISE) on Tuesday where bulls and bears had a close fight under the lead of trend-setters amid increase in index. ISE-10 Index was up by 4.70 points from to 2,142.44 to 2,147.14 points. Turnover amou

Published 16 Dec, 2009 12:00am

Sui Southern Gas Company Limited

The Pioneering Spirit of SSGC: Sui Southern Gas Company (SSGC), Pakistan's model public sector utility, today serves as a reference standard in the natural gas sector, thanks to its strong business vision and a comprehensive gas development plan.

Published 16 Dec, 2009 12:00am

Equities move both ways on LSE

Equities moved both ways on Lahore Stock Exchange on Tuesday and closed on mixed note amid improved trading turnover on account of fresh buying in selective shares. The LSE-25 index improved marginally by 4.84 points and finished at 2847.18 points against

Published 16 Dec, 2009 12:00am

Pakistan Petroleum Limited

Corporate Profile: Inheriting all assets and liabilities from its parent entity Burmah Oil Company of UK, Pakistan Petroleum Limited (PPL) began business on July 1, 1952. In September 1997, Burmah Oil Company decided to disinvest and sold its stake

Published 16 Dec, 2009 12:00am

Equities move both ways on LSE

Equities moved both ways on Lahore Stock Exchange on Tuesday and closed on mixed note amid improved trading turnover on account of fresh buying in selective shares. The LSE-25 index improved marginally by 4.84 points and finished at 2847.18 points against

Published 16 Dec, 2009 12:00am

Buy versus Rent: The benefits of rental power in Pakistan

In Pakistan and throughout Asia, energy shortfall is a pressing issue being faced by utilities and all forms of industries and large building projects. This need for power has left power users and producers with a critical choice about the most suitable p

Published 16 Dec, 2009 12:00am

BRIndex30 down 14.99 points

On Tuesday, the BRIndex30 opened in the positive zone at 8,176.56 points and remained there for almost whole of the trading time, falling only near market close. It closed at 8,161.57 points with a net negative change of -14.99 points and percentage chang

Published 16 Dec, 2009 12:00am

Country needs more dams for cheap power generation

Pakistan electricity woes are as ancient as the country's history and by the look of things they don't seem to be getting any better in the near future either. Pakistan's electricity generation is heavily tilted towards thermal power generation that accou

Published 16 Dec, 2009 12:00am

BRIndex30 down 14.99 points

On Tuesday, the BRIndex30 opened in the positive zone at 8,176.56 points and remained there for almost whole of the trading time, falling only near market close. It closed at 8,161.57 points with a net negative change of -14.99 points and percentage chang

Published 16 Dec, 2009 12:00am

Need to assign right priorities for gas consumption

Self sufficiency is a term used rarely in Pakistan but thankfully the all important natural resource that is natural gas does not disappoint on this account as the country manages to meet its domestic gas requirement through domestically produced natural

Published 16 Dec, 2009 12:00am

Index loses 14.12 points

The Karachi share market on Tuesday witnessed negative trend and KSE-100 index lost 14.12 points to close at 9,266.04 points from 9,280.16 points. The market witnessed mixed activity throughout the day with the index oscillating between positive and negat

Published 16 Dec, 2009 12:00am

Oil and gas exploration sector: paving the way for economic growth

Pakistan's E&P sector enjoys extremely favourable dynamics. Successful operational performance of this sector is the key to country's economic growth. The rising energy deficit, high vulnerability to oil prices, and expensive energy import options, all ha

Published 16 Dec, 2009 12:00am

Index loses 14.12 points

The Karachi share market on Tuesday witnessed negative trend and KSE-100 index lost 14.12 points to close at 9,266.04 points from 9,280.16 points. The market witnessed mixed activity throughout the day with the index oscillating between positive and negat

Published 16 Dec, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 107,127 tonnes of cargo including 73,404 tonnes of import, 33,723 tonnes of export cargo and 4,061 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 73,404 tonnes, co

Published 16 Dec, 2009 12:00am

Index loses 14.12 points

The Karachi share market on Tuesday witnessed negative trend and KSE-100 index lost 14.12 points to close at 9,266.04 points from 9,280.16 points. The market witnessed mixed activity throughout the day with the index oscillating between positive and negat

Published 16 Dec, 2009 12:00am

Japan buys feed wheat, barley via SBS tender

Japan's Ministry of Agriculture has purchased 8,125 tonnes of feed wheat and 120,000 tonnes of feed barley in a tender under the simultaneous buy and sell (SBS) system, a ministry official said on Tuesday. The loading dates are from the time the contract

Published 16 Dec, 2009 12:00am

Haris Steel Mills case: lawyers deny taking money to bribe judges

Minister for Parliamentary Affairs Dr Babar Awan, Sharifuddin Pirzada, and other lawyers in their replies to the National Accountability Bureau (NAB) have said that they had not taken any money from Haris Steel Mills to bribe the judges for taking decisio

Published 16 Dec, 2009 12:00am

KCBT wheat futures end up

Hard red winter wheat futures at the Kansas City Board of Trade ended higher on Monday as a rally in soyabean futures provided spillover support. The benchmark KCBT March closed up 6-1/2 cents at $5.34 after ranging as high as $5.39-1/4 on the day.

Published 16 Dec, 2009 12:00am

Haris Steel Mills case: lawyers deny taking money to bribe judges

Minister for Parliamentary Affairs Dr Babar Awan, Sharifuddin Pirzada, and other lawyers in their replies to the National Accountability Bureau (NAB) have said that they had not taken any money from Haris Steel Mills to bribe the judges for taking decisio

Published 16 Dec, 2009 12:00am

US corn futures end up on weak dollar and soya rally

US corn futures closed higher on Monday, rallying on softening US dollar and spillover strength from soyabeans and expectations of index funds buying ag commodities in 2010. CBOT December up 2-3/4 cents at $3.92 per bushel, March up 4 at $4.08-1/2. Funds

Published 16 Dec, 2009 12:00am

Rs 500 per 50kg bag subsidy on potash approved

The Economic Co-ordination Committee of the Cabinet (ECC) has decided to provide a subsidy of Rs 500 on 50 kg bag of potash to promote balanced use of fertiliser, and not let the price of potash increase beyond Rs 1900 per bag.

Published 16 Dec, 2009 12:00am

Most Ukraine winter grains in good condition

About 88 percent of Ukrainian winter grain crops, which will be harvested next summer, were in good or satisfactory condition as of December 3, UkrAgroConsult agriculture consultancy said on Tuesday. But it said a drought in July to October had weakened s

Published 16 Dec, 2009 12:00am

Rs 500 per 50kg bag subsidy on potash approved

The Economic Co-ordination Committee of the Cabinet (ECC) has decided to provide a subsidy of Rs 500 on 50 kg bag of potash to promote balanced use of fertiliser, and not let the price of potash increase beyond Rs 1900 per bag.

Published 16 Dec, 2009 12:00am

Canadian canola futures end lower

ICE Canadian canola futures closed slightly lower on Monday, pressured by farmer selling, traders said. Inter-month spreading was the major feature as traders roll January positions to March. Farmer selling has picked up, causing hedge pressure from grain

Published 16 Dec, 2009 12:00am

Rs 500 per 50kg bag subsidy on potash approved

The Economic Co-ordination Committee of the Cabinet (ECC) has decided to provide a subsidy of Rs 500 on 50 kg bag of potash to promote balanced use of fertiliser, and not let the price of potash increase beyond Rs 1900 per bag.

Published 16 Dec, 2009 12:00am

US wheat futures end higher

US wheat futures on the Chicago Board of Trade closed 1 percent higher on Monday on technical buying, a weaker dollar and spillover support from a 2 percent jump in soyabeans, traders said. Market shrugged off pressure from slow export sales and abundant

Published 16 Dec, 2009 12:00am

ECC scraps plan to import 0.5 million tons of raw sugar

The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday formally scrapped its plan to import 0.5 million tons of raw sugar through the Trading Corporation of Pakistan (TCP), official sources told Business Recorder. The Federal Cabinet

Published 16 Dec, 2009 12:00am

FOB Gulf soya steady, corn slips amid large supplies

US soyabean export premiums at the Gulf of Mexico were mostly steady to firm on Monday as solid demand continued to underpin basis values despite rising futures prices, traders said. Exporters mostly sold out of soyabeans through January so nearby offers

Published 16 Dec, 2009 12:00am

ECC scraps plan to import 0.5 million tons of raw sugar

The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday formally scrapped its plan to import 0.5 million tons of raw sugar through the Trading Corporation of Pakistan (TCP), official sources told Business Recorder. The Federal Cabinet

Published 16 Dec, 2009 12:00am

EU wheat prices mostly up

Wheat prices in major western European markets were mostly higher on Monday, supported by a soyabean-led advance in US futures. Dealers said they were also closely monitoring cold weather in France although initial indications were that it appears unlikel

Published 16 Dec, 2009 12:00am

ECC scraps plan to import 0.5 million tons of raw sugar

The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday formally scrapped its plan to import 0.5 million tons of raw sugar through the Trading Corporation of Pakistan (TCP), official sources told Business Recorder. The Federal Cabinet

Published 16 Dec, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Karachi Cotton PKR/37.32 KG / Dec 20	17,585
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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