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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-12-22
Monday's midday trade: US stocks gain

Monday's midday trade: US stocks gain

US stocks gained more than 1 percent on Monday, buoyed by healthcare shares, after a Senate bill advanced which had been stripped of provisions seen as detrimental to health insurance and other companies. Stocks also got a lift after brokerages upgraded t
Published 22 Dec, 2009 12:00am
Indian stocks down

Indian stocks down

Indian stocks fell 0.71 percent on Monday, their third straight day of losses, on growing concerns that the central bank could raise interest rates soon to tackle rising inflation, dealers said. The 30-share benchmark Sensex ended the day 118.63 points lo
Published 22 Dec, 2009 12:00am
Europe CDS steady

Europe CDS steady

European corporate credit default swap spreads were little changed on Monday, maintaining their steady tone alongside firmer European equities. By 1114 GMT, the investment-grade Markit iTraxx Europe index was at 79.50 basis points, according to data from
Published 22 Dec, 2009 12:00am
Europe CDS steady

Europe CDS steady

European corporate credit default swap spreads were little changed on Monday, maintaining their steady tone alongside firmer European equities. By 1114 GMT, the investment-grade Markit iTraxx Europe index was at 79.50 basis points, according to data from
Published 22 Dec, 2009 12:00am
Philippines shares higher

Philippines shares higher

Philippines share prices closed 0.12 percent higher Monday on a quiet trading day with little market-moving news ahead of the Christmas break. The composite index added 3.57 points to close at 3,020.56 while the all-shares index edged up 0.04 percent to 1
Published 22 Dec, 2009 12:00am
Britain's top share index higher

Britain's top share index higher

Britain's top share index closed sharply higher in thin pre-Christmas trading on Monday, buoyed by commodity stocks on firmer metals and crude prices and a rally in banking equities. The FTSE 100 index ended up 97.18 points, or 1.9 percent, at 5,293.99, p
Published 22 Dec, 2009 12:00am
New York cotton futures lower

New York cotton futures lower

Cotton futures finished easier Monday on very modest investor sales as major players peeled away for the year-end holidays and fiber contracts could drift quietly the rest of the week, brokers said. The benchmark March cotton contract declined 0.32 cent t
Published 22 Dec, 2009 12:00am
Cocoa, coffee pare gains in London

Cocoa, coffee pare gains in London

Cocoa and coffee futures pared gains on Monday, as the dollar firmed against a basket of currencies, while sugar corrected from last week's highs as firm prices deterred physical business. Cocoa's gains scaled back as the greenback edged up, said Ricardo
Published 22 Dec, 2009 12:00am
Base metals climb

Base metals climb

Industrial metals rose on Monday, with copper climbing over 1 percent as investors poured money into metals, betting on higher metals demand next year on the back of economic recovery. Nickel prices rallied to their highest in nearly six weeks despite inv
Published 22 Dec, 2009 12:00am
Oil falls toward $72

Oil falls toward $72

Oil prices fell on Monday as a stronger dollar offset cold weather and reports of pipeline snags in oil exporters Iraq and Nigeria. Producer group Opec was set to leave output limits unchanged at a meeting in Angola on Tuesday, officials from the cartel s
Published 22 Dec, 2009 12:00am
Gold falls in London

Gold falls in London

Gold fell on Monday to flirt with recent multiweek lows, with trade proving volatile in the quiet holiday season and as analysts predicted further dollar strength would pressure prices in the New Year. Gold traded at $1,104.80 an ounce at 1459 GMT, versus
Published 22 Dec, 2009 12:00am
US MIDDAY: cocoa up

US MIDDAY: cocoa up

Benchmark March cocoa rose $44 to $3,295 per tonne by 9:21 am (1421 GMT) Range spanned $3,262 to $3,310. March volume at 2,715 lots. US cocoa futures consolidated higher after Friday's sharp profit-taking drop after hitting a 30-1/2-year high at $3,510 la
Published 22 Dec, 2009 12:00am
US MIDDAY: coffee surges

US MIDDAY: coffee surges

Arabica coffee futures moved higher early Monday in light pre-holiday dealings buoyed by the weak dollar, while US cocoa consolidated higher after Friday's volatile fall, traders said. Benchmark March arabica coffee futures climbed 1.40 cents to $1.4665 p
Published 22 Dec, 2009 12:00am
US MIDDAY: sugar eases

US MIDDAY: sugar eases

Raw sugar futures on ICE Futures US at 7:53 am EST (1253 GMT). March raw sugar eased 0.05 cent to 26.29 cents per lb. Ranging from 25.91 to 26.34 cents. Volume in March of contract light was at 3,937 lots.
Published 22 Dec, 2009 12:00am
US MIDDAY: corn rises

US MIDDAY: corn rises

March corn was up 6 cents at $4.03-3/4 a bushel. Bullish moves in option market support gains in futures. Market technically strong after breaking through 20-, 50- and 200-day moving averages. China's Finance Ministry confirms fuel ethanol tax cut. US cas
Published 22 Dec, 2009 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

March wheat was down 2-3/4 cents at $5.25-1/4 a bushel. Firm dollar, plentiful global stocks weigh on prices amid slow demand for US supplies on the export market. Thin trade expected all week ahead of Christmas holiday on Friday.
Published 22 Dec, 2009 12:00am
US MIDDAY: soyabeans higher

US MIDDAY: soyabeans higher

January soyabeans futures were up 2-1/4 cents at $10.14-1/4 a bushel. Strong buying demand on export market supportive. Market rebounding from sell-off on Friday amid gains in crude oil market but gains limited by good growing weather in South America.
Published 22 Dec, 2009 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

US copper futures edged higher Monday morning as early weakness in the dollar and growing expectations for improved demand conditions in the new year gave prices a mild boost, even as stockpiles continued to mount. Benchmark copper for March delivery rose
Published 22 Dec, 2009 12:00am
US MIDDAY: gold slips

US MIDDAY: gold slips

New York gold futures were hit at midsession on Monday as the dollar renewed its gains against the euro in choppy pre-holiday business, traders said. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange tumbled to a
Published 22 Dec, 2009 12:00am
Hafeez Jalandhari's 27th death anniversary observed

Hafeez Jalandhari's 27th death anniversary observed

The 27th death anniversary of Abu-Al-Asar Hafeez Jalandhari, the creator of the country's national anthem observed across the country with traditional reverence and solemnity on Monday. Hafeez Jalandhari was born in Jalandhar, Indian Punjab on January 14,
Published 22 Dec, 2009 12:00am
CNG station owners oppose suspension of gas supply for two days

CNG station owners oppose suspension of gas supply for two days

CNG Owners Association Multan Chapter has opposed the suspension of gas supply for two days to the gas filling stations and asked the government to introduce only one day (24 hours) discontinuation otherwise they would be forced to close their business.
Published 22 Dec, 2009 12:00am
Cotton yarn price hike forces powerloom units to close down

Cotton yarn price hike forces powerloom units to close down

Unprecede-nted price hike of cotton yarn and polyester fibre have forced thousands of Powerloom units to close down and have made the value-added sector incompetitive in the international market. Exports of textile sectors have dipped during the first fiv
Published 22 Dec, 2009 12:00am
Pakistan Post opens Express Centre in Mardan

Pakistan Post opens Express Centre in Mardan

Additional Director General (ADG) Pakistan Post, Fazal Sattar Khan inaugurated an Express Post Centre here at Shaheen Cloth Market on Monday. Those present on the occasion were Divisional Superintendent, Khalifa Takkar, Assistant Post Master General, Wasi
Published 22 Dec, 2009 12:00am
No drone attack inside Balochistan pre-condition for talks: Sasoli

No drone attack inside Balochistan pre-condition for talks: Sasoli

Jamhoori Watan Party Secretary General Rauf Khan Sasoli has said, "we have set conditions for their talks with the Government on a guarantee that there would be no drone attack inside Balochistan territories not even in the adjacent tribal areas."
Published 22 Dec, 2009 12:00am
Moonshine kills 13 in Multan

Moonshine kills 13 in Multan

At least 13 people died after drinking locally brewed liquor, apparently tainted with lethal chemicals, here on Sunday. Four more people were admitted to Nishtar Hospital where doctors described their condition as critical. CPO Multan Syed Saud Aziz said,
Published 22 Dec, 2009 12:00am
SGIB holds meeting to review population and housing census

SGIB holds meeting to review population and housing census

National Committee on Saarc Gender Info-Base (SGIB) held a meeting Monday in connection with the 6th Population and Housing Census in the country. The meeting was organised by the Population Census Organisation (PCO) in collaboration with the United Natio
Published 22 Dec, 2009 12:00am
CDA asked to recruit special security force for city

CDA asked to recruit special security force for city

The Interior Ministry has asked the Capital Development Authority (CDA) to recruit a special security force for the security of the Federal Capital, APP learnt here on Monday. The force would assist the Islamabad Capital Territory (ICT) Administration and
Published 22 Dec, 2009 12:00am
Local shipping rates

Local shipping rates

News (Business Recorder, 10 December), that FBR and Ports Ministry decided to constitute a Local Shipping Rates Advisory Committee appears designed to silence the trade for couple of years as the Shipping Rates Advisory Board, constituted in 2001,
Published 22 Dec, 2009 12:00am
An open letter to media

An open letter to media

I am keen to write to you at a key moment. We took management control of KESC to fix it: to create value and to serve Karachi. We are driven by a mix of opportunity for economic value creation and frankly, passion and pride in the city. Those who know the
Published 22 Dec, 2009 12:00am
Tax evasion

Tax evasion

Pakistan, a highly cash starved country depends on foreign assistance even to meet day-to-day expenses. No serious attempts so far have never been made to curb tax evasion and to apprehend tax dodgers. Under the Income Tax Ordinance, 2001, prosecution (Pa
Published 22 Dec, 2009 12:00am
Let us save democracy

Let us save democracy

We have repeatedly been told by the PML-N leadership that, irrespective of how many things may be wrong with the present dispensation, we must suffer them for the sake of continuation of democracy. But on its own part, the PML-N has failed in convincing i
Published 22 Dec, 2009 12:00am
Bringing private schools within tax net

Bringing private schools within tax net

In line with Finance Minister Shaukat Tarin's stated resolve to increase the tax-to-GDP ratio, the Federal Board of Revenue (FBR) has moved to bring the private sector educational institutions within the tax net. Private educational institutions, from the
Published 22 Dec, 2009 12:00am
Copenhagen agreement

Copenhagen agreement

The two-year process, initiated under the UN, to agree on measures needed to cope with climatic change has ended with an agreement. Despite its positive points, the deal falls short of expectations, particularly those of the poorest countries. For over a
Published 22 Dec, 2009 12:00am
The rise in NPLs or bank loan defaults

The rise in NPLs or bank loan defaults

Non-performing loans (NPLs) of banks and development financial institutions have increased to a whopping Rs 435 billion. Those likely to condemn this rise by assuming that the bulk of the NPLs can be sourced to rich politicians, using their influence to h
Published 22 Dec, 2009 12:00am
'At least one disabled person is employed in each factory'

'At least one disabled person is employed in each factory'

The network of all the non-governmental organisations dealing with special persons would help avoid overlapping of services being extended to the handicapped people. The Lahore Businessmen Association for Rehabilitation of Disabled (LABARD) President Muha
Published 22 Dec, 2009 12:00am
Government taking steps to develop education sector: Sanaullah

Government taking steps to develop education sector: Sanaullah

Law Minister Punjab Rana Sanaullah Khan has said that the government has given top priority to development of the education sector and revolutionary steps are being taken under which uplift projects worth billions of rupees have been initiated in the prov
Published 22 Dec, 2009 12:00am
Landing of aircraft in Moscow: MD PIA orders inquiry

Landing of aircraft in Moscow: MD PIA orders inquiry

Managing Director PIA Captain Aijaz Haroon has ordered an inquiry regarding the landing of PK 701 at Moscow, that landed there due to technical reasons. The inquiry report is to be submitted within 24 hours, a PIA spokesperson said on Monday. Moreover, an
Published 22 Dec, 2009 12:00am
PPP Punjab takes out rally to support Zardari

PPP Punjab takes out rally to support Zardari

Pakistan Peoples Party (PPP) Punjab took out a rally in favour of President Asif Ali Zardari Monday, attended by the provincial leadership besides a good number of party workers. The party workers raised slogans in favour of President Asif Ali Zardari and
Published 22 Dec, 2009 12:00am
Poor service: PTA issues notices to five mobile phone operators

Poor service: PTA issues notices to five mobile phone operators

On the basis of recently concluded Quality of Service (QoS) survey of mobile phone operators, Pakistan Telecommunication Authority (PTA) has issued show cause to five mobile phone operators of Pakistan. The results were shared with the mobile phone compan
Published 22 Dec, 2009 12:00am
25 percent reduction in sugarcane sowing area in current season: KBP

25 percent reduction in sugarcane sowing area in current season: KBP

Kisan Board Pakistan (KBP) has claimed that area under sowing of sugarcane decreased 25 percent during this season and increase in sugarcane prices is a result of gap between demand and supply. KBP President Sardar Zafar Hussein and General Secretary Mali
Published 22 Dec, 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 22 Dec, 2009 12:00am
KCCI President urges US companies to invest in Thar coal

KCCI President urges US companies to invest in Thar coal

President, Karachi Chamber of Commerce and Industry (KCCI), Abdul Majid Haji Mohammad has urged US companies engaged in oil and gas business in Pakistan to invest in Thar coal and other energy sector's projects.
Published 22 Dec, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
Need to reduce trust deficit between Afghan government, donors stressed

Need to reduce trust deficit between Afghan government, donors stressed

Special Advisor to the Special Representative of the Secretary General for the United Nations Assistance Mission in Afghanistan (UNAMA), Mark S Ward, has said that Afghanistan at the crossroads at the start of the second decade of the 21st century due to
Published 22 Dec, 2009 12:00am
The Weather

The Weather

The weather report on Monday (December 21, 2009) and the forecast for Tuseday (December 22, 2009).

Published 22 Dec, 2009 12:00am
Pakistani envoy to India meets Gilani

Pakistani envoy to India meets Gilani

Pakistani High Commissioner in New Delhi, Shahid Malik, along with his associates called on senior Kashmiri Hurriyet leader, Syed Ali Gilani. According to Kashmir Media Service, the Pakistani High Commissioner visited Syed Ali Gilani's Malviya Nagar resid
Published 22 Dec, 2009 12:00am
Doctors' promotion cases being disposed of expeditiously

Doctors' promotion cases being disposed of expeditiously

Promotion cases of doctors are being disposed of speedily for filling the vacant posts of professors, associate professors and assistant professors in the medical colleges of the Punjab province.
Published 22 Dec, 2009 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 22 Dec, 2009 12:00am
CPSP setting up new centres in UAE, Kuwait

CPSP setting up new centres in UAE, Kuwait

The College of Physicians & Surgeons Pakistan (CPSP) is establishing new centres in UAE and Kuwait to provide training facilities to the doctors of the Muslim world, while the CPSP has signed MoUs with various developed countries including UK, Ireland, Ca
Published 22 Dec, 2009 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 22 Dec, 2009 12:00am
Supreme Court's verdict to help end kickbacks, commission culture: PIAF

Supreme Court's verdict to help end kickbacks, commission culture: PIAF

The Supreme Court of Pakistan, by declaring the National Reconciliation Ordinance (NRO) null and void, has done a great job that would not only change the course of the political history of the country, but it would also help put an end to corruption and
Published 22 Dec, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
Future responsibilities lie on youths: Sindh University vice chancellor

Future responsibilities lie on youths: Sindh University vice chancellor

The researchers, policy-makers and key persons from government, NGOs, private and corporate sector were provided with an opportunity to explore about role of government, non-governmental organisations-NGOs and private sector in social and economic develop
Published 22 Dec, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
BIEK announces HSC Part I annual exams results

BIEK announces HSC Part I annual exams results

The Board of Intermediate Education Karachi (BIEK) on Monday announced the result of HSC Part-I Annual Examinations 2009 Humanities Group for regular candidates. According to statistics, a total of 10,815 candidates appeared in the examination. Of these 3
Published 22 Dec, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (December 21, 2009) and for Tuseday (December 22, 2009).
Published 22 Dec, 2009 12:00am
SBP launches agriculture loan schemes for Malakand, Fata

SBP launches agriculture loan schemes for Malakand, Fata

The State Bank of Pakistan (SBP) launched two schemes of Agricultural Loans Refinancing & Guarantee Scheme and remission/write off of both farm and non-farm agricultural loans of the small farmers for the revival of the economic activities in the war-hit
Published 22 Dec, 2009 12:00am
Auction of plots: CDA gets good response

Auction of plots: CDA gets good response

Capital Development Authority (CDA) got a good response for auction of the commercial plots located in Blue Area and sector F-10 (old Margalla Tower) despite depressing estate market prices. The auction for these plots was held here on Monday at CDA Headq
Published 22 Dec, 2009 12:00am
PRGMEA demands ban on export of cotton yarn for six months

PRGMEA demands ban on export of cotton yarn for six months

Bilal Mulla, Acting Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has demanded immediately ban on export of cotton yarn for at least six months. Pakistan shares is only 1 percent on global garments business but yarn
Published 22 Dec, 2009 12:00am
KESC issues: KCCI holds khuli kachehri

KESC issues: KCCI holds khuli kachehri

As a result of meeting of President Karachi Chamber of Commerce & Industry (KCCI) Abdul Majid Haji Muhammad with CEO KESC Tabish Gauhar, on December 10, 2009, KCCI arranged a 'Khuli Kachehri' at the chamber's auditorium on December 17, 2009, to facilitate
Published 22 Dec, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
Karachi University extends date for submission of admission fee

Karachi University extends date for submission of admission fee

The University of Karachi (KU) has extended the date of submission of admission fee for B.S. Honours and B.S. Third Year up to December 22. This was announced by KU Director Admissions Committee Professor Dr Saleem Shahzad on Monday. The admission forms f
Published 22 Dec, 2009 12:00am
New AGP to be appointed within a week: Babar Awan

New AGP to be appointed within a week: Babar Awan

Federal Minister for Law, Justice and Parliamentary Affairs, Dr Babar Awan on Monday said that new Attorney General of Pakistan (AGP) would be appointed within a week and in this connection consultative process with the President and Prime Minister is in
Published 22 Dec, 2009 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
Dr Aafia case: LHC adjourns hearing of contempt petition till January 5

Dr Aafia case: LHC adjourns hearing of contempt petition till January 5

The Lahore High Court (LHC) here on Monday adjourned till January 5, 2010 the hearing of a contempt petition seeking action against government for not approaching International Court of Justice (ICJ) to get Dr Aafia Siddiqui released and recovered from Am
Published 22 Dec, 2009 12:00am
Usman Farooqi gets interim bail in alleged corruption case

Usman Farooqi gets interim bail in alleged corruption case

Dr Usman Farooqui, former Chairman, Pakistan Steel Mills was admitted to pre-arrest interim bail till January 5 here on Monday in a corruption case against a solvent surety of Rs 1 million by a division bench of High Court of Sindh. Raza Ali Hashmi, senio
Published 22 Dec, 2009 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
Supreme Court resumes hearing after security clearance

Supreme Court resumes hearing after security clearance

The three-member bench of Supreme Court headed by Chief Justice of Pakistan Iftikhar Muhammad Chaudhry here on Monday resumed hearing of cases after security clearance. According to official, the security alarm buzzed due to a mistake of concerned people
Published 22 Dec, 2009 12:00am
'Independence of judiciary must for the survival of country'

'Independence of judiciary must for the survival of country'

Independence of judiciary is must for survival of country and the lawyers community should share their responsibility in this regard, Justice Anwar Zaheer Jamali, judge of the Supreme Court said here on Monday. He was addressing at the inaugural ceremony
Published 22 Dec, 2009 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
CTO urged to take measures to lessen traffic woes in Rawalpindi

CTO urged to take measures to lessen traffic woes in Rawalpindi

President Rawalpindi Chamber of Commerce and Industry (RCCI), Kashif Shabbir said on Monday that immense traffic on roads is creating parking issues, besides being a security threat to masses. He stated this while talking to City Traffic Officer Rawalpind
Published 22 Dec, 2009 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
Surgicon 2010 on January 16

Surgicon 2010 on January 16

Society of Surgeons of Pakistan (Karachi Chapter) is organising Surgicon 2010 here on January 16 and 17, 2010. Eminent surgeons from all over Pakistan, UK and US are expected to participate in this mega event, said the organisers here on Monday. There wil
Published 22 Dec, 2009 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (December 21, 2009).

Published 22 Dec, 2009 12:00am
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