News Archives for Print - 2009-12-20 - Business Recorder

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اردو

May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2009-12-20

Curb on yarn exports: value-added sector accuses spinners of pressurising ministry

Curb on yarn exports: value-added sector accuses spinners of pressurising ministry

Frustrated value-added sector has started playing below the belt by alleging the spinners of greasing the palms of the Ministry of Textile to avoid early implementation of quota restriction on exports of cotton yarn. Requesting anonymity, well-placed sour

Published 20 Dec, 2009 12:00am

Commissioning ceremony of F-22P frigate held in Shanghai

Commissioning ceremony of F-22P frigate held in Shanghai

Commissioning of F-22P frigate for Pakistan - PNS Shamsheer - was held on Saturday at Shanghai, China, where Chief of Naval Staff Admiral Nauman Bashir was the chief guest. Speaking on the occasion, Admiral Nauman said "Pak-China friendship is deep rooted

Published 20 Dec, 2009 12:00am

Christmas celebrations: candle light carol service on December 20

Christmas celebrations: candle light carol service on December 20

Cathedral Church will hold a candle light carol service on Sunday, December 20 (today). The service dedicated to Christmas celebrations will be held at 6:00 pm, said a press release. Another special program for Christmas festivities will be arranged for c

Published 20 Dec, 2009 12:00am

NDMA discusses operationalisation of DDMAs

NDMA discusses operationalisation of DDMAs

National Disaster Management Authority held a one-day meeting here on Saturday to discuss the operationalisation of District Disaster Management Authorities (DDMAs) in high-risk districts of the country. District Co-ordination Officers (DCOs) of the nine

Published 20 Dec, 2009 12:00am

If Prime Minister tries to protect Zardari, government won't survive: Imran

If Prime Minister tries to protect Zardari, government won't survive: Imran

Pakistan Tahreek-e-Insaf (PTI) Chairman Imran Khan has warned that if Prime Minister Yusuf Raza Gilani tries to protect President Asif Ali Zardari on National Reconciliation Ordinance (NRO), his government would not survive. He expressed these views while

Published 20 Dec, 2009 12:00am

PAF gets force-multiplier capability

PAF gets force-multiplier capability

The first Air-to-Air Refueler aircraft of Pakistan Air Force out of total four has arrived on an operational Air Base of the country, a spokesman of PAF here on Saturday said. In a press statement the spokesman said, the delivery of remaining three Refuel

Published 20 Dec, 2009 12:00am

Funds' lapse due to non-provision of information: senate body orders to conduct probe

Funds' lapse due to non-provision of information: senate body orders to conduct probe

Senate Standing Committee on Rules of Procedure and Privileges Saturday ordered a probe into non-provision of requisite information/papers by the provincial governments of Sindh and Balochistan to the Ministry of Local Government and Rural Development.

Published 20 Dec, 2009 12:00am

Demolishing illegal constructions: LDA pre-qualifies 18 private firms

Demolishing illegal constructions: LDA pre-qualifies 18 private firms

The Lahore Development Authority (LDA) has pre-qualified 18 private firms for accelerating its ongoing drive against illegally constructed commercial plazas as well as removing alterations made in such premises, in violation of the approved building plans

Published 20 Dec, 2009 12:00am

Babar submits surety bonds after being granted bail

Babar submits surety bonds after being granted bail

Federal Minister for Law, Justice and Parliamentary Affairs, Dr Babar Awan on Friday submitted two surety bonds amounting to Rs 100,000 each at a local court after being granted bail and cancellation of his arrest warrant. According to details, owner of a

Published 20 Dec, 2009 12:00am

Expressing solidarity with Zardari: PPP Punjab to hold meeting on December 21

Expressing solidarity with Zardari: PPP Punjab to hold meeting on December 21

President Pakistan Peoples Party (PPP) Punjab Rana Aftab Ahmed Khan has convened a meeting of provincial hierarchy on December 21 to express solidarity with the party's Co-chairman Asif Ali Zardari. The meeting will be held at the provincial headquarter o

Published 20 Dec, 2009 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

World air travel falls record 3.1 percent in 2009

World air travel falls record 3.1 percent in 2009

World airline passenger traffic fell 3.1 percent in 2009, the biggest drop in aviation industry history, fuelled by the global financial downturn, the International Civil Aviation Organisation said Friday. Preliminary figures for airline travel this year

Published 20 Dec, 2009 12:00am

Honda to build fifth plant in China

Honda to build fifth plant in China

Japan's Honda Motor plans to build its fifth car plant in China to cope with mounting competition in the fast-growing auto market, according to a press report Saturday. The new plant, with an annual capacity of 120,000 units, will boost Honda's production

Published 20 Dec, 2009 12:00am

Obama to host community banks at White House

Obama to host community banks at White House

The White House said on Friday that President Barack Obama would host a meeting with community bankers next week, marking his latest bid to boost credit for small businesses amid double-digit unemployment. "The president will reiterate to attendees that w

Published 20 Dec, 2009 12:00am

China December urban jobless rate steady at 4.3 percent

China December urban jobless rate steady at 4.3 percent

China's registered urban jobless rate, the country's only official measure of unemployment, will remain at 4.3 percent at the end of this year, the official Xinhua news agency quoted a minister as saying on Saturday. The rate is unchanged from the previou

Published 20 Dec, 2009 12:00am

Jury awards $100 million verdict against BP in Texas case

Jury awards $100 million verdict against BP in Texas case

A federal jury in Texas on Friday ordered BP Plc to pay $100 million to 10 workers who were sickened by a 2007 chemical release at its Texas City refinery. BP spokesman Ronnie Chappell said the company was "shocked and outraged" by the verdict and would a

Published 20 Dec, 2009 12:00am

Oil prices bounce above 74 dollars

Oil prices bounce above 74 dollars

Oil prices jumped above 74 dollars last week as traders digested news that Iran had seized a disputed Iraqi oil well and looked at signs of strengthening US energy demand, dealers said. Elsewhere, cocoa hit its highest levels for around 30 years, sugar st

Published 20 Dec, 2009 12:00am

New York sugar easier

New York sugar easier

Raw sugar futures finished lower on Friday on investor profit-taking after the market hit a near 30-year top, brokers said. The market remains bullish fundamentally, but dealings should slow with the year-end holidays coming up, they said. The March raw s

Published 20 Dec, 2009 12:00am

China cuts rubber import tax, aiding Tyremakers

China cuts rubber import tax, aiding Tyremakers

China will cut import tariffs on rubber in 2010, helping domestic tyre makers who enjoyed increasing demand from rocketing Chinese car production but got embroiled in a US trade dispute in 2009. The import tax on natural rubber will fall 23 percent to 2,0

Published 20 Dec, 2009 12:00am

US soyabeans lower

US soyabeans lower

US soyabean futures closed lower on Friday amid a firm dollar, good weather in South America and on a private estimate for record large US soya production in 2009. CBOT January down 10 cents per bushel at $10.12. Funds sold 3,000 lots. Informa Economics p

Published 20 Dec, 2009 12:00am

Egypt's ailing cotton industry needs shake-up

Egypt's ailing cotton industry needs shake-up

Egypt's once-famous cotton industry risks a slow death without state investment to reverse decades of neglect, boost quality and encourage farmers to keep growing the crop. Analysts say the textiles sector has been overlooked amid a wave of other reforms.

Published 20 Dec, 2009 12:00am

US gold slips

US gold slips

New York gold futures fell after several attempts to push higher on Friday, subject to fluctuations in the dollar, but support levels reached in the previous day's sell off remained intact. Gold futures for February delivery on the COMEX division of the N

Published 20 Dec, 2009 12:00am

US copper futures up

US copper futures up

US copper futures ended in positive territory on Friday, recovering from an earlier slide to one-week lows with chart-based buying and firmer outside market support outweighing the bearish impact of a rising dollar. Benchmark copper for March delivery end

Published 20 Dec, 2009 12:00am

CBOT rice low

CBOT rice low

US rice futures rose nearly 1 percent on the Chicago Board of Trade on Friday, rebounding from two straight days of sharp declines, amid signs of increased activity on the export market, traders said. Traders also noted some short covering following the d

Published 20 Dec, 2009 12:00am

Philippines may buy 400,000 tonnes of more rice from December tenders

Philippines may buy 400,000 tonnes of more rice from December tenders

The Philippines may import nearly 400,000 tonnes more rice from three tenders concluded this month, suggesting the world's biggest buyer of the grain is unlikely to return to the market any time soon, which should help further cool prices. State grain age

Published 20 Dec, 2009 12:00am

US Midwest corn stronger, soyabean steady

US Midwest corn stronger, soyabean steady

Corn basis bids were steady to stronger, while soyabean bids were mostly steady in the US Midwest but country movement of both commodities was slow in thin trade, dealers said. Cash markets were sluggish as the market enters the holiday season slowdown, d

Published 20 Dec, 2009 12:00am

US wheat futures rise

US wheat futures rise

US wheat futures rose on Friday, rebounding from a sharp drop as traders covered short positions. Some unwinding of corn/wheat spread also provided support to the market, traders said. A firm dollar, which makes US wheat more expensive on the world market

Published 20 Dec, 2009 12:00am

Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 80,697 tonnes of cargo including 28,306 tonnes of import 52,391 tonnes of export cargo and 3,178 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 28,306 tonnes comp

Published 20 Dec, 2009 12:00am

Canadian canola futures down

Canadian canola futures down

ICE Canadian canola futures closed lower on Friday on a second straight day of pressure from weaker soy futures, traders said. March touched a fresh two-week low of $410.50. Funds were not active, while crushers and commercials were sellers and exporters

Published 20 Dec, 2009 12:00am

China's tariff cut could open ethanol import door

China's tariff cut could open ethanol import door

China's decision to lower a tariff on alcohol imports could also apply to fuel ethanol, traders said on Friday, potentially opening the door to imports from countries like Brazil. But even if imports were financially viable, China's lack of the capacity n

Published 20 Dec, 2009 12:00am

Ivory Coast cocoa output seen abundant

Ivory Coast cocoa output seen abundant

Good weather since October will sustain Ivory Coast's cocoa output through January, with arrivals for the month possibly at 100,000 tonnes, farmers and exporters said, contrary to fears volumes would drop sharply in the New Year. Farmers interviewed in th

Published 20 Dec, 2009 12:00am

Plastic mouldings mixed on Jodia Bazar

Plastic mouldings mixed on Jodia Bazar

The trading in plastic mouldings compounds closed mixed on Jodia Bazar here on Saturday. The following changes were noted.

Published 20 Dec, 2009 12:00am

Sluggish business amid rise in phutti arrivals

Sluggish business amid rise in phutti arrivals

Higher-than-expected phutti arrivals pushed the buyers to sidelines on the cotton market at the weekend, dealers said. The official spot rate was unchanged at Rs 4,325, they said. In the ready business, rates came down modestly as only 3,000 bales of cott

Published 20 Dec, 2009 12:00am

Grams prices turn higher on grain market

Grams prices turn higher on grain market

Grams prices were higher on the wholesale grain and seed market on Saturday, as participants were active to make forward purchases, dealers said. On the grams side yellow peas dal Canada was up by Rs 50 to Rs 3150-3300, you dal cirean followed the same pa

Published 20 Dec, 2009 12:00am

US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Basis bids for hard red winter wheat in the US Plains were steady on Friday, though premiums for rail car wheat in Kansas City slid as wheat loadings picked up, dealers said. Protein premiums dropped 2-18 cents a bushel for rail car wheat to and through K

Published 20 Dec, 2009 12:00am

Aaj TV - Sunday's schedule

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 20 Dec, 2009 12:00am

Karachi interbank rates

Karachi interbank rates

Karachi interbank rates on Saturday (December 19, 2009).

Published 20 Dec, 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 20 Dec, 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 20 Dec, 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 Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Government won't ask implicated ministers to step down

Government won't ask implicated ministers to step down

President Asif Ali Zardari on Saturday said the PPP will use democracy and constitutionalism as its weapons to fight its adversaries and foil all conspiracies against it. He said this while addressing the concluding session of the Central Executive Commit

Published 20 Dec, 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 Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Government won't ask implicated ministers to step down

Government won't ask implicated ministers to step down

President Asif Ali Zardari on Saturday said the PPP will use democracy and constitutionalism as its weapons to fight its adversaries and foil all conspiracies against it. He said this while addressing the concluding session of the Central Executive Commit

Published 20 Dec, 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 Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

PPP unites behind Zardari

PPP unites behind Zardari

Pakistan People's Party on Saturday reposed full confidence in President Asif Ali Zardari and decided that the party leaders would defend cases against them in courts.

Published 20 Dec, 2009 12:00am

LIBOR calculating interest on US dollar

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

PPP unites behind Zardari

PPP unites behind Zardari

Pakistan People's Party on Saturday reposed full confidence in President Asif Ali Zardari and decided that the party leaders would defend cases against them in courts.

Published 20 Dec, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Copenhagen deal passed amid Condemnation

Copenhagen deal passed amid Condemnation

UN climate talks ended with a bare-minimum agreement on Saturday when delegates "noted" an accord struck by the United States, China and other emerging powers that falls far short of the conference's original goals. "Finally we sealed a deal," UN Secretar

Published 20 Dec, 2009 12:00am

Interest rates on new foreign currency deposits

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 Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Copenhagen deal passed amid Condemnation

Copenhagen deal passed amid Condemnation

UN climate talks ended with a bare-minimum agreement on Saturday when delegates "noted" an accord struck by the United States, China and other emerging powers that falls far short of the conference's original goals. "Finally we sealed a deal," UN Secretar

Published 20 Dec, 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 Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Eurostar cancels passenger services on Sunday

Eurostar cancels passenger services on Sunday

Eurostar has cancelled all passenger service through the Channel Tunnel on Sunday following break down of four trains that left hundreds of passengers stranded underground for hours. The cause of Friday's problem, which occurred during severe winter weath

Published 20 Dec, 2009 12:00am

Banks' rates for currency notes (buying and selling)

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 Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Opec needs more compliance with oil targets: Libya

Opec needs more compliance with oil targets: Libya

Opec needs to comply more closely with its oil output targets as the market is oversupplied, the head of Libya's National Oil Corporation said on Saturday ahead of its meeting to set policy. The producer group agreed last year to curb supply by 4.2 millio

Published 20 Dec, 2009 12:00am

Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Georgia blows up Soviet memorial, two people killed

Georgia blows up Soviet memorial, two people killed

A mother and her eight-year-old daughter were killed in Georgia on Saturday when workers blew up a towering Soviet war memorial. The demolition, to make way for a new parliament building, has already been condemned by Georgia's opposition and by Russia, w

Published 20 Dec, 2009 12:00am

Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Interior Minister denied pre-arrest bail: Hearing on December 21

Interior Minister denied pre-arrest bail: Hearing on December 21

The accountability court has denied the pre-arrest bail to Interior Minister Rehman Malik in two references, re-opened after the Supreme Court's verdict on National Reconciliation Ordinance (NRO).

Published 20 Dec, 2009 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Interior Minister denied pre-arrest bail: Hearing on December 21

Interior Minister denied pre-arrest bail: Hearing on December 21

The accountability court has denied the pre-arrest bail to Interior Minister Rehman Malik in two references, re-opened after the Supreme Court's verdict on National Reconciliation Ordinance (NRO).

Published 20 Dec, 2009 12:00am

Currency values in terms of Special Drawing Rights

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 20 Dec, 2009 12:00am

SPI shows increase of 12.01 percent

SPI shows increase of 12.01 percent

The weekly inflation measured through Sensitive Price Indicator (SPI) showed an increase of 12.01 percent during the week ended December 17 over the corresponding period of last year, according to Federal Bureau of Statistics (FBS). Official figures on SP

Published 20 Dec, 2009 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Saturday (December 19, 2009)

Published 20 Dec, 2009 12:00am

SPI shows increase of 12.01 percent

SPI shows increase of 12.01 percent

The weekly inflation measured through Sensitive Price Indicator (SPI) showed an increase of 12.01 percent during the week ended December 17 over the corresponding period of last year, according to Federal Bureau of Statistics (FBS). Official figures on SP

Published 20 Dec, 2009 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Saturday (December 19, 2009)

Published 20 Dec, 2009 12:00am

SPI shows increase of 12.01 percent

SPI shows increase of 12.01 percent

The weekly inflation measured through Sensitive Price Indicator (SPI) showed an increase of 12.01 percent during the week ended December 17 over the corresponding period of last year, according to Federal Bureau of Statistics (FBS). Official figures on SP

Published 20 Dec, 2009 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Saturday (December 19, 2009)

Published 20 Dec, 2009 12:00am

Taxpayers advised not to respond to illegal notices

Taxpayers advised not to respond to illegal notices

Taxpayers should not respond to illegal notices of the Regional Tax Office (RTO), Islamabad where sales tax record has been demanded for external audit of the Directorate of Revenue Receipt Audit (DRRA). A senior FBR official told Business Recorder on Sat

Published 20 Dec, 2009 12:00am

World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Taxpayers advised not to respond to illegal notices

Taxpayers advised not to respond to illegal notices

Taxpayers should not respond to illegal notices of the Regional Tax Office (RTO), Islamabad where sales tax record has been demanded for external audit of the Directorate of Revenue Receipt Audit (DRRA). A senior FBR official told Business Recorder on Sat

Published 20 Dec, 2009 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Taxpayers advised not to respond to illegal notices

Taxpayers advised not to respond to illegal notices

Taxpayers should not respond to illegal notices of the Regional Tax Office (RTO), Islamabad where sales tax record has been demanded for external audit of the Directorate of Revenue Receipt Audit (DRRA). A senior FBR official told Business Recorder on Sat

Published 20 Dec, 2009 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Afghanistan unveils new cabinet, technocrats stay

Afghanistan unveils new cabinet, technocrats stay

Afghan President Hamid Karzai plans to keep most of his top technocrat ministers favoured by the West in a new cabinet presented to parliament on Saturday, a list the government said included efficient and effective figures. Western diplomats have general

Published 20 Dec, 2009 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Afghanistan unveils new cabinet, technocrats stay

Afghanistan unveils new cabinet, technocrats stay

Afghan President Hamid Karzai plans to keep most of his top technocrat ministers favoured by the West in a new cabinet presented to parliament on Saturday, a list the government said included efficient and effective figures. Western diplomats have general

Published 20 Dec, 2009 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Faran elected KPC president

Faran elected KPC president

Muhammad Imtiaz Khan Faran of 'The Democrats' was elected President of Karachi Press Club in the KPC elections 2010, held here on Saturday. It was a landslide victory for 'The Democrats', who bagged all the seats for office-bearers. Faran secured 429 vote

Published 20 Dec, 2009 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Faran elected KPC president

Faran elected KPC president

Muhammad Imtiaz Khan Faran of 'The Democrats' was elected President of Karachi Press Club in the KPC elections 2010, held here on Saturday. It was a landslide victory for 'The Democrats', who bagged all the seats for office-bearers. Faran secured 429 vote

Published 20 Dec, 2009 12:00am

THE RUPEE: dollar recovers

THE RUPEE: dollar recovers

Declining trend was seen on the currency market on Saturday as strong buying of dollars forced the rupee to give up its overnight gains in terms of the US currency, dealers said. On the interbank market the rupee lost 15 paisa against dollar for buying an

Published 20 Dec, 2009 12:00am

NWFP spinners offer supply of yarn to Faisalabad

NWFP spinners offer supply of yarn to Faisalabad

Chairman, All Pakistan Textile Mills Association (APTMA), NWFP, Afan Aziz has dispelled the impression of non-availability of cotton yarn in the local market, saying that sufficient stock of the commodity was available with the spinning industry of the co

Published 20 Dec, 2009 12:00am

THE RUPEE: dollar recovers

THE RUPEE: dollar recovers

Declining trend was seen on the currency market on Saturday as strong buying of dollars forced the rupee to give up its overnight gains in terms of the US currency, dealers said. On the interbank market the rupee lost 15 paisa against dollar for buying an

Published 20 Dec, 2009 12:00am

NWFP spinners offer supply of yarn to Faisalabad

NWFP spinners offer supply of yarn to Faisalabad

Chairman, All Pakistan Textile Mills Association (APTMA), NWFP, Afan Aziz has dispelled the impression of non-availability of cotton yarn in the local market, saying that sufficient stock of the commodity was available with the spinning industry of the co

Published 20 Dec, 2009 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

ST arrears recovery plan: strict performance benchmarks set for LTUs and RTOs

ST arrears recovery plan: strict performance benchmarks set for LTUs and RTOs

The Federal Board of Revenue has set strict performance benchmarks for Director Generals of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) for recovery of billions of rupees sales tax arrears under the ''Sales Tax and Federal Excise Arrears R

Published 20 Dec, 2009 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Two Thar coal schemes taken back from MoWP

Two Thar coal schemes taken back from MoWP

The Sindh government has succeeded in taking back two schemes from the Ministry of Water and Power, it is learnt. According to sources, the Planning Commission had asked the Ministry of Water and Power to execute two schemes--'construction of new processi

Published 20 Dec, 2009 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Two Thar coal schemes taken back from MoWP

Two Thar coal schemes taken back from MoWP

The Sindh government has succeeded in taking back two schemes from the Ministry of Water and Power, it is learnt. According to sources, the Planning Commission had asked the Ministry of Water and Power to execute two schemes--'construction of new processi

Published 20 Dec, 2009 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Two Thar coal schemes taken back from MoWP

Two Thar coal schemes taken back from MoWP

The Sindh government has succeeded in taking back two schemes from the Ministry of Water and Power, it is learnt. According to sources, the Planning Commission had asked the Ministry of Water and Power to execute two schemes--''construction of new process

Published 20 Dec, 2009 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Qadirpur gasfield: installation of compressors may cost OGDCL $38 million more

Qadirpur gasfield: installation of compressors may cost OGDCL $38 million more

The Oil and Gas Development Company Limited (OGDCL), which has been forced to install compressors as an interim arrangement due to the litigation with the Chinese company for the compression project at Qadirpur gasfield, is expected to cost an additional

Published 20 Dec, 2009 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am

Qadirpur gasfield: installation of compressors may cost OGDCL $38 million more

Qadirpur gasfield: installation of compressors may cost OGDCL $38 million more

The Oil and Gas Development Company Limited (OGDCL), which has been forced to install compressors as an interim arrangement due to the litigation with the Chinese company for the compression project at Qadirpur gasfield, is expected to cost an additional

Published 20 Dec, 2009 12:00am

Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (December 19, 2009) and for Sunday (December 20, 2009).

Published 20 Dec, 2009 12:00am

Qadirpur gasfield: installation of compressors may cost OGDCL $38 million more

Qadirpur gasfield: installation of compressors may cost OGDCL $38 million more

The Oil and Gas Development Company Limited (OGDCL), which has been forced to install compressors as an interim arrangement due to the litigation with the Chinese company for the compression project at Qadirpur gasfield, is expected to cost an additional

Published 20 Dec, 2009 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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Illusion of remittance-driven growth

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