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Print - 2009-12-31
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (December 30, 2009).

Published 31 Dec, 2009 12:00am
LSE index gains 29.81 points

LSE index gains 29.81 points

Equities on Wednesday registered gains amid bullish sentiments on the Lahore Stock Exchange (LSE) mainly because of fresh entries in selective shares of banking, oil and cement sectors. The LSE-25 index recorded an improvement of 29.81 points and was ende
Published 31 Dec, 2009 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (December 30, 2009).

Published 31 Dec, 2009 12:00am
Bank holiday

Bank holiday

State Bank of Pakistan and all offices of SBP Banking Services Corporation, inclusive of public debt offices, will remain closed for public dealing on Friday (January 01) which has been declared as bank holiday. All banks/ DFIs shall, therefore, remain cl
Published 31 Dec, 2009 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 30, 2009).

Published 31 Dec, 2009 12:00am
Bank holiday

Bank holiday

State Bank of Pakistan and all offices of SBP Banking Services Corporation, inclusive of public debt offices, will remain closed for public dealing on Friday (January 01) which has been declared as bank holiday. All banks/ DFIs shall, therefore, remain cl
Published 31 Dec, 2009 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 30, 2009).

Published 31 Dec, 2009 12:00am
Bank holiday

Bank holiday

State Bank of Pakistan and all offices of SBP Banking Services Corporation, inclusive of public debt offices, will remain closed for public dealing on Friday (January 01) which has been declared as bank holiday. All banks/ DFIs shall, therefore, remain cl
Published 31 Dec, 2009 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 30, 2009).

Published 31 Dec, 2009 12:00am
Postponement of by-polls in NA-55: Supreme Court sets aside LHC verdict

Postponement of by-polls in NA-55: Supreme Court sets aside LHC verdict

The Supreme Court on Wednesday set aside a Lahore High Court (LHC) verdict that had postponed bye-elections in NA-55 (Rawalpindi-VI) on Punjab government's plea that law and order situation in the province was not conducive for holding the elections.
Published 31 Dec, 2009 12:00am
Postponement of by-polls in NA-55: Supreme Court sets aside LHC verdict

Postponement of by-polls in NA-55: Supreme Court sets aside LHC verdict

The Supreme Court on Wednesday set aside a Lahore High Court (LHC) verdict that had postponed bye-elections in NA-55 (Rawalpindi-VI) on Punjab government's plea that law and order situation in the province was not conducive for holding the elections.
Published 31 Dec, 2009 12:00am
EFS mark-up rate raised

EFS mark-up rate raised

The State Bank of Pakistan on Wednesday announced to raise the mark-up rate by 0.5 percent for Export Finance Scheme (EFS) following IMF condition to eliminate subsidies on loans. SBP has notified that the rate of refinance under the EFS, applicable from
Published 31 Dec, 2009 12:00am
EFS mark-up rate raised

EFS mark-up rate raised

The State Bank of Pakistan on Wednesday announced to raise the mark-up rate by 0.5 percent for Export Finance Scheme (EFS) following IMF condition to eliminate subsidies on loans. SBP has notified that the rate of refinance under the EFS, applicable from
Published 31 Dec, 2009 12:00am
EFS mark-up rate raised

EFS mark-up rate raised

The State Bank of Pakistan on Wednesday announced to raise the mark-up rate by 0.5 percent for Export Finance Scheme (EFS) following IMF condition to eliminate subsidies on loans. SBP has notified that the rate of refinance under the EFS, applicable from
Published 31 Dec, 2009 12:00am
Financial sector has shown strong resilience: SBP

Financial sector has shown strong resilience: SBP

Pakistan''s financial sector has shown strong resilience to a challenging macroeconomic environment and global developments, says State Bank''s Financial Stability Review 2008-09, released here on Wednesday. According to the Report, Pakistan''s economy ha
Published 31 Dec, 2009 12:00am
Financial sector has shown strong resilience: SBP

Financial sector has shown strong resilience: SBP

Pakistan's financial sector has shown strong resilience to a challenging macroeconomic environment and global developments, says State Bank's Financial Stability Review 2008-09, released here on Wednesday. According to the Report, Pakistan's economy had s
Published 31 Dec, 2009 12:00am
Financial sector has shown strong resilience: SBP

Financial sector has shown strong resilience: SBP

Pakistan's financial sector has shown strong resilience to a challenging macroeconomic environment and global developments, says State Bank's Financial Stability Review 2008-09, released here on Wednesday. According to the Report, Pakistan's economy had s
Published 31 Dec, 2009 12:00am
Vendors to get Rs three billion: Zardari announces initial help

Vendors to get Rs three billion: Zardari announces initial help

President Asif Ali Zardari has assured business community that a relief package will be announced for affected businessmen and shopkeepers of December 28th incident. Zardari also assured business community that government would provide Rs 3 billion as ini
Published 31 Dec, 2009 12:00am
Vendors to get Rs three billion: Zardari announces initial help

Vendors to get Rs three billion: Zardari announces initial help

President Asif Ali Zardari has assured business community that a relief package will be announced for affected businessmen and shopkeepers of December 28th incident. Zardari also assured business community that government would provide Rs 3 billion as ini
Published 31 Dec, 2009 12:00am
Vendors to get Rs three billion: Zardari announces initial help

Vendors to get Rs three billion: Zardari announces initial help

President Asif Ali Zardari has assured business community that a relief package will be announced for affected businessmen and shopkeepers of December 28th incident. Zardari also assured business community that government would provide Rs 3 billion as ini
Published 31 Dec, 2009 12:00am
BRIndex30 up 116.04 points

BRIndex30 up 116.04 points

On Wednesday, BRIndex30 opened at 8,251.08 points and remained in positive throughout the trading time. It closed at 8,367.12 points with a net positive change of 116.04 points and percentage change of 1.41. It showed intra-day high of 8,414.55 and low of
Published 31 Dec, 2009 12:00am
BRIndex30 up 116.04 points

BRIndex30 up 116.04 points

On Wednesday, BRIndex30 opened at 8,251.08 points and remained in positive throughout the trading time. It closed at 8,367.12 points with a net positive change of 116.04 points and percentage change of 1.41. It showed intra-day high of 8,414.55 and low of
Published 31 Dec, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (December 30, 2009).

Published 31 Dec, 2009 12:00am
Index gains 97.29 points

Index gains 97.29 points

Healthy buying was witnessed at Karachi share market on Wednesday and the KSE-100 index surged by 97.29 points to close at 9,507.95 points. "The federal and four provincial governments for distribution of national resources and signing of seventh NFC Awar
Published 31 Dec, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (December 30, 2009).
Published 31 Dec, 2009 12:00am
Index gains 97.29 points

Index gains 97.29 points

Healthy buying was witnessed at Karachi share market on Wednesday and the KSE-100 index surged by 97.29 points to close at 9,507.95 points. "The federal and four provincial governments for distribution of national resources and signing of seventh NFC Awar
Published 31 Dec, 2009 12:00am
Index gains 97.29 points

Index gains 97.29 points

Healthy buying was witnessed at Karachi share market on Wednesday and the KSE-100 index surged by 97.29 points to close at 9,507.95 points. "The federal and four provincial governments for distribution of national resources and signing of seventh NFC Awar
Published 31 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 Wednesday (December 30, 2009).

Published 31 Dec, 2009 12:00am
Moody''s depicts negative outlook for banking system

Moody''s depicts negative outlook for banking system

The fundamental credit outlook for Pakistan''s banking sector is negative, reflecting challenging operating conditions as a result of the continued economic slowdown, domestic security instability and the weak sovereign position of Pakistan. However, the
Published 31 Dec, 2009 12:00am
Moody's depicts negative outlook for banking system

Moody's depicts negative outlook for banking system

The fundamental credit outlook for Pakistan's banking sector is negative, reflecting challenging operating conditions as a result of the continued economic slowdown, domestic security instability and the weak sovereign position of Pakistan. However, the b
Published 31 Dec, 2009 12:00am
Moody's depicts negative outlook for banking system

Moody's depicts negative outlook for banking system

The fundamental credit outlook for Pakistan's banking sector is negative, reflecting challenging operating conditions as a result of the continued economic slowdown, domestic security instability and the weak sovereign position of Pakistan. However, the b
Published 31 Dec, 2009 12:00am
7th NFC Award inked at Gwadar

7th NFC Award inked at Gwadar

The Chief ministers of four provinces on Wednesday signed the historic 7th National Finance Commission Award, marking a great step forward to the strengthening of the federation. The ceremony at the picturesque Gwadar, in the Balochistan province, was wit
Published 31 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 Wednesday (December 30, 2009).

Published 31 Dec, 2009 12:00am
7th NFC Award inked at Gwadar

7th NFC Award inked at Gwadar

The Chief ministers of four provinces on Wednesday signed the historic 7th National Finance Commission Award, marking a great step forward to the strengthening of the federation. The ceremony at the picturesque Gwadar, in the Balochistan province, was wit
Published 31 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 Wednesday (December 30, 2009).

Published 31 Dec, 2009 12:00am
7th NFC Award inked at Gwadar

7th NFC Award inked at Gwadar

The Chief ministers of four provinces on Wednesday signed the historic 7th National Finance Commission Award, marking a great step forward to the strengthening of the federation. The ceremony at the picturesque Gwadar, in the Balochistan province, was wit
Published 31 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 Wednesday (December 30, 2009).

Published 31 Dec, 2009 12:00am
FDI declines by 52.2 percent during first five months

FDI declines by 52.2 percent during first five months

In spite of high rate of return on investment offered by Pakistan, foreign direct investment (FDI) declined by 52.2 percent during the first five months of the ongoing fiscal as compared to the same period of last year. This decline was due to the prevail
Published 31 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 31 Dec, 2009 12:00am
FDI declines by 52.2 percent during first five months

FDI declines by 52.2 percent during first five months

In spite of high rate of return on investment offered by Pakistan, foreign direct investment (FDI) declined by 52.2 percent during the first five months of the ongoing fiscal as compared to the same period of last year. This decline was due to the prevail
Published 31 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 31 Dec, 2009 12:00am
FDI declines by 52.2 percent during first five months

FDI declines by 52.2 percent during first five months

In spite of high rate of return on investment offered by Pakistan, foreign direct investment (FDI) declined by 52.2 percent during the first five months of the ongoing fiscal as compared to the same period of last year. This decline was due to the prevail
Published 31 Dec, 2009 12:00am
BoK being privatised

BoK being privatised

The NWFP government has decided to privatise the Bank of Khyber (BoK) to make it an active, progressive and successful bank. Talking to Business Recorder here Wednesday, BoK Managing Director Bilal Mustafa said recently the NWFP Cabinet had approve
Published 31 Dec, 2009 12:00am
New York cotton

New York cotton

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

Published 31 Dec, 2009 12:00am
BoK being privatised

BoK being privatised

The NWFP government has decided to privatise the Bank of Khyber (BoK) to make it an active, progressive and successful bank. Talking to Business Recorder here Wednesday, BoK Managing Director Bilal Mustafa said recently the NWFP Cabinet had approve
Published 31 Dec, 2009 12:00am
New York cotton

New York cotton

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

Published 31 Dec, 2009 12:00am
BoK being privatised

BoK being privatised

The NWFP government has decided to privatise the Bank of Khyber (BoK) to make it an active, progressive and successful bank. Talking to Business Recorder here Wednesday, BoK Managing Director Bilal Mustafa said recently the NWFP Cabinet had approve
Published 31 Dec, 2009 12:00am
Tax on BESOS: double whammy to shareholders?

Tax on BESOS: double whammy to shareholders?

Finance Ministry is said to have blocked a proposal of Privatisation Commission (PC) regarding exemption from double taxation on Benazir Employees Stock Option Scheme (BESOS) project with the argument that no tax exemption is now available after entering
Published 31 Dec, 2009 12:00am
Activity at Karachi and Qasim Ports

Activity at Karachi and Qasim Ports

The Karachi Port handled 97,421 tonnes of liquid import cargo including 58,419 tonnes of import 39,002 tonnes of export cargo and 3,517 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 58,419 ton
Published 31 Dec, 2009 12:00am
Tax on BESOS: double whammy to shareholders?

Tax on BESOS: double whammy to shareholders?

Finance Ministry is said to have blocked a proposal of Privatisation Commission (PC) regarding exemption from double taxation on Benazir Employees Stock Option Scheme (BESOS) project with the argument that no tax exemption is now available after entering
Published 31 Dec, 2009 12:00am
Chinese coal prices climb at 14-month highs

Chinese coal prices climb at 14-month highs

Spot thermal coal prices in China resumed their climb this week to their highest in 14 months, as some regions struggled with insufficient supplies and rising demand for power. In the central province of Jiangxi, total coal stocks in power plants had fall
Published 31 Dec, 2009 12:00am
Tax on BESOS: double whammy to shareholders?

Tax on BESOS: double whammy to shareholders?

Finance Ministry is said to have blocked a proposal of Privatisation Commission (PC) regarding exemption from double taxation on Benazir Employees Stock Option Scheme (BESOS) project with the argument that no tax exemption is now available after entering
Published 31 Dec, 2009 12:00am
Russia buys 125,685 tonnes of grain

Russia buys 125,685 tonnes of grain

The Russian government bought a total of 125,685 tonnes of grain on Tuesday at the last tender this year aimed at stabilising prices, data supplied by an exchange in charge of the tenders showed. It was not immediately clear when government will hold more
Published 31 Dec, 2009 12:00am
'Mousavi, Karroubi flee Tehran'

'Mousavi, Karroubi flee Tehran'

The two senior leaders of Iran's political opposition, Mir Hossein Mousavi and Mehdi Karroubi, have fled Tehran, state news agency IRNA said on Wednesday, while a website said they were in custody for their own protection. "Two of the chiefs of the sediti
Published 31 Dec, 2009 12:00am
China's Jiangxi copper achieves 2009 output goal

China's Jiangxi copper achieves 2009 output goal

Jiangxi Copper Co Ltd, China's top producer of the metal, achieved its 2009 output target of 800,000 tonnes of refined copper even though production fell this month because of annual repairs, a company spokesman said on Wednesday. "Output has been just ov
Published 31 Dec, 2009 12:00am
'Mousavi, Karroubi flee Tehran'

'Mousavi, Karroubi flee Tehran'

The two senior leaders of Iran's political opposition, Mir Hossein Mousavi and Mehdi Karroubi, have fled Tehran, state news agency IRNA said on Wednesday, while a website said they were in custody for their own protection. "Two of the chiefs of the sediti
Published 31 Dec, 2009 12:00am
Brazilian cocoa arrivals down

Brazilian cocoa arrivals down

Brazil's 2009/10 (May/April) cocoa arrivals reached 2.86 million 60-kg bags by December 27, down 1.8 percent from the same time last year, the Bahia Commercial Association said. Deliveries were low due to the holiday season, which shortened the working we
Published 31 Dec, 2009 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures closed higher on Tuesday to reflect two days of strong gains in soya futures, traders said. Chicago soya futures, which influence canola prices because of common uses, gained 3 percent on Monday when the ICE Canada market was c
Published 31 Dec, 2009 12:00am
Indonesia sees stronger CPO, rubber, cocoa output

Indonesia sees stronger CPO, rubber, cocoa output

Indonesia, the world's top producer of palm oil, expects production of the oil in 2010 to increase by more than 5 percent, while output of rubber and cocoa is also set to rise, the agriculture ministry said. Palm oil output is expected to hit 20.5 million
Published 31 Dec, 2009 12:00am
FOB Gulf soya and corn export premiums flat

FOB Gulf soya and corn export premiums flat

US soyabean and corn export premiums at the Gulf of Mexico were about unchanged on Tuesday, with very limited available loading capacity in the near term underpinning values, traders said. Demand for US soyabeans remained solid, but there was a lull in de
Published 31 Dec, 2009 12:00am
CNG tariff: increase of Rs 7 to 8 per kg likely from January 1

CNG tariff: increase of Rs 7 to 8 per kg likely from January 1

The tariff of Compressed Natural Gas (CNG) is likely to be surged by Rs 7 to Rs 8 from January 1, 2010. Ghayas Abdullah Paracha, Central Chairman of All Pakistan CNG Association (APCNGA) told Business Recorder on Wednesday that the Oil Gas Regulato
Published 31 Dec, 2009 12:00am
US wheat futures ease

US wheat futures ease

US wheat futures eased nearly 2 percent on Tuesday in a technical setback after the market surged on Monday to a three-week high. "There is a little technical setback and there is a drier bias in Argentina's wheat harvest areas," said Terry Reilly, analys
Published 31 Dec, 2009 12:00am
CNG tariff: increase of Rs 7 to 8 per kg likely from January 1

CNG tariff: increase of Rs 7 to 8 per kg likely from January 1

The tariff of Compressed Natural Gas (CNG) is likely to be surged by Rs 7 to Rs 8 from January 1, 2010. Ghayas Abdullah Paracha, Central Chairman of All Pakistan CNG Association (APCNGA) told Business Recorder on Wednesday that the Oil Gas Regulato
Published 31 Dec, 2009 12:00am
Prices sharply higher on cotton market

Prices sharply higher on cotton market

Bullish sentiment prevailed on the cotton market on Wednesday as prices tended higher due to tight supplies, dealers said. The Karachi Cotton Association (KCA) spot rate was raised by Rs 75 to Rs 4,450, dealers said. In the ready business prices also show
Published 31 Dec, 2009 12:00am
CNG tariff: increase of Rs 7 to 8 per kg likely from January 1

CNG tariff: increase of Rs 7 to 8 per kg likely from January 1

The tariff of Compressed Natural Gas (CNG) is likely to be surged by Rs 7 to Rs 8 from January 1, 2010. Ghayas Abdullah Paracha, Central Chairman of All Pakistan CNG Association (APCNGA) told Business Recorder on Wednesday that the Oil Gas Regulato
Published 31 Dec, 2009 12:00am
Grain market remains closed

Grain market remains closed

Seed and grain wholesale markets remained closed on Wednesday because normal trading activity could not start as a result of an ugly incident, which killed nearly 44 people, caused damage of billions of rupees and increased the rate of unemployment, as we
Published 31 Dec, 2009 12:00am
Chinese arms sale to Pakistan worries India

Chinese arms sale to Pakistan worries India

Indian External Affairs Minister S M Krishna said on Wednesday that India was closely monitoring sale of arms to Pakistan by China. "All these developments are closely monitored by the External Affairs Ministry, by the Defence Ministry and various other m
Published 31 Dec, 2009 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids were steady in the US Plains on Wednesday in slow trade ahead of the New Year's holiday on Friday when markets will be closed. Protein premiums for rail car supplies of HRW wheat through Kansas City were unchanged.
Published 31 Dec, 2009 12:00am
US copper down

US copper down

A stronger dollar caused copper to close down in New York on Tuesday, after the metal jumped 3 percent in London on threats of a mine strike and in catch up to gains made in Shanghai during the Christmas break. Zinc hit 20-month highs, tin 14-month peaks
Published 31 Dec, 2009 12:00am
Copper hits 16-month high in Asia

Copper hits 16-month high in Asia

Copper hit 16-month highs on Wednesday, with London metal up nearly 1 percent, piercing $7,300 for second day running, defying a stronger dollar on confidence about the trend into 2010. The US dollar hit a two-month high against the yen on Wednesday and a
Published 31 Dec, 2009 12:00am
Tokyo rubber futures end 2009 up

Tokyo rubber futures end 2009 up

Key Tokyo rubber futures recouped earlier losses on Wednesday as oil prices rebounded, to end the year up about 103 percent. The key Tokyo Commodity Exchange rubber contract for June delivery rose 1.5 yen or 0.5 percent to 276.2 yen per kg for a prelimina
Published 31 Dec, 2009 12:00am
Government to remove amendments made by Musharraf: Awan

Government to remove amendments made by Musharraf: Awan

Federal Law Minister Babar Awan said that former president Pervez Musharraf had imposed ban on third time election as Prime Minister only to stop Benazir Bhutto and Mian Muhammad Nawaz Sharif from becoming Premier again, adding that the government would r
Published 31 Dec, 2009 12:00am
New York sugar softer

New York sugar softer

Raw sugar futures on ICE Futures US at 7:40 am EST (1240 GMT). March raw sugar slipped 0.10 cent to 27.16 cents per lb. Ranging from 26.78 to 27.49 cents, a new contract top and the highest level for sugar's spot contract in 29 years. Volume in March cont
Published 31 Dec, 2009 12:00am
TTP claims responsibility

TTP claims responsibility

Taliban on Wednesday claimed responsibility for a suicide bombing that killed 43 people in the commercial capital Karachi, and threatened more attacks on the US ally. "My group claims responsibility for the Karachi attack and we will carry out more such a
Published 31 Dec, 2009 12:00am
US soya drops, wheat rises

US soya drops, wheat rises

US soyabean futures fell 0.7 percent on Wednesday, retreating from a more than one-week high hit in the previous session, as it was weighed by a strong dollar and expectations of a bumper harvest in South America. Corn futures also edged lower, while whea
Published 31 Dec, 2009 12:00am
TTP claims responsibility

TTP claims responsibility

Taliban on Wednesday claimed responsibility for a suicide bombing that killed 43 people in the commercial capital Karachi, and threatened more attacks on the US ally. "My group claims responsibility for the Karachi attack and we will carry out more such a
Published 31 Dec, 2009 12:00am