AIRLINK 164.00 Decreased By ▼ -1.36 (-0.82%)
BOP 10.58 Increased By ▲ 0.19 (1.83%)
CNERGY 8.40 Increased By ▲ 0.57 (7.28%)
FCCL 47.24 Increased By ▲ 1.59 (3.48%)
FFL 15.30 Increased By ▲ 0.18 (1.19%)
FLYNG 26.45 Decreased By ▼ -0.03 (-0.11%)
HUBC 137.19 Increased By ▲ 1.91 (1.41%)
HUMNL 12.99 Increased By ▲ 0.14 (1.09%)
KEL 4.30 Increased By ▲ 0.11 (2.63%)
KOSM 5.63 Increased By ▲ 0.16 (2.93%)
MLCF 60.80 Increased By ▲ 1.37 (2.31%)
OGDC 215.60 Increased By ▲ 2.53 (1.19%)
PACE 5.54 Increased By ▲ 0.13 (2.4%)
PAEL 41.89 Decreased By ▼ -0.12 (-0.29%)
PIAHCLA 17.65 Increased By ▲ 0.60 (3.52%)
PIBTL 10.22 Increased By ▲ 0.29 (2.92%)
POWER 11.88 Increased By ▲ 0.09 (0.76%)
PPL 174.68 Decreased By ▼ -0.11 (-0.06%)
PRL 35.65 Increased By ▲ 1.29 (3.75%)
PTC 22.95 Increased By ▲ 0.25 (1.1%)
SEARL 95.08 Increased By ▲ 1.33 (1.42%)
SSGC 36.47 Increased By ▲ 0.36 (1%)
SYM 14.00 Increased By ▲ 0.52 (3.86%)
TELE 7.27 Increased By ▲ 0.15 (2.11%)
TPLP 10.25 Increased By ▲ 0.04 (0.39%)
TRG 61.93 Increased By ▲ 1.00 (1.64%)
WAVESAPP 10.39 Increased By ▲ 0.11 (1.07%)
WTL 1.31 Increased By ▲ 0.03 (2.34%)
YOUW 3.72 Increased By ▲ 0.02 (0.54%)
BR100 12,388 Increased By 74.4 (0.6%)
BR30 36,995 Increased By 487.9 (1.34%)
KSE100 115,532 Increased By 623 (0.54%)
KSE30 35,662 Increased By 120.4 (0.34%)
Apr 08, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-12-31
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
PTA formulates two sets of KPIs

PTA formulates two sets of KPIs

Pakistan Telecommunications Authority (PTA) formulated two sets of Key Performance Indicators (KPI's) to improve and monitor the Quality of Service (QoS) of "Fixed Broadband" and "GPRS/EDGE" networks, says a press release issued here on Wednesday.
Published 31 Dec, 2009 12:00am
PAYAAM celebrates birthdays of poor children

PAYAAM celebrates birthdays of poor children

In Pakistan the rapidly escalating prices of basic bio-physical necessities - food, health and shelter has made the lives of the poor a permanent source of misery as the number of children running away from their houses and parent feeling compelled to lea
Published 31 Dec, 2009 12:00am
Robbers killed

Robbers killed

At least two robbers were killed on Wednesday by unidentified armed men in the jurisdiction of Zaman Town police, sources said. According to details, two members of Akram Meho group, a renowned dacoit, found dead near the Pakistan Coast Guard (PQG) office
Published 31 Dec, 2009 12:00am
JUI-S chief offers mediation between government, militants

JUI-S chief offers mediation between government, militants

Jamiat Ulema-e-Islam-S (JUI-S) chief Maulana Sami-ul-Haq said on Wednesday that he was ready to play the role of mediator between the government and militants. He said we have also offered mediation before the starting of Wazirstan operation and we had co
Published 31 Dec, 2009 12:00am
Parents urged to get their children registered with Nadra

Parents urged to get their children registered with Nadra

National Database and Registration Authority (Nadra) has urged parents to get their children timely registered by obtaining children registration certificate (CRC) to avoid any inconvenience in case of urgent need. Special instructions have been issued to
Published 31 Dec, 2009 12:00am
KESC consumer tariff 15-paisa hike recommended

KESC consumer tariff 15-paisa hike recommended

National Electric Power Regulatory Authority (Nepra) has recommended an increase of 15 paisa per kilowatt (kWh) in the consumer end tariff of Karachi Electric Supply Company (KESC) with retrospective effect from July 1, 2009. Nepra rejected the KESC's req
Published 31 Dec, 2009 12:00am
PTCL wins Special International Recognition Award

PTCL wins Special International Recognition Award

On the occasion of 27th International Telecom Management Information Platform (TEMIP) User Group Conference held at Hamburg, Germany PTCL Network Operations Centre (NOC) team has been honoured with 'Special International Recognition Award' on displaying e
Published 31 Dec, 2009 12:00am
Jayasuriya dropped for Bangladesh tri-series

Jayasuriya dropped for Bangladesh tri-series

The world's most experienced one-day batsman, Sanath Jayasuriya, has been axed from next month's limited-overs tri-series in Bangladesh, Sri Lanka Cricket said Wednesday. Jayasuriya, 40, was not named in Sri Lanka's 15-man squad for the tri-series as sele
Published 31 Dec, 2009 12:00am
Last-gasp Torres gives Liverpool win at Villa

Last-gasp Torres gives Liverpool win at Villa

Fernando Torres struck in stoppage time to give Liverpool a desperately needed 1-0 win at Aston Villa in the Premier League on Tuesday. A flat game was heading for a goalless draw until ragged Villa defending allowed the ball to slip into Torres's path an
Published 31 Dec, 2009 12:00am
Sports academies to be set up in Punjab

Sports academies to be set up in Punjab

Sports academies would be established in Punjab for promoting sports activities and training new players in different disciplines. Strategies would also be evolved for the repair and maintenance of old infrastructure of sports and protection of new gymnas
Published 31 Dec, 2009 12:00am
Pakistan eye dual spin attack at SCG

Pakistan eye dual spin attack at SCG

Pakistan admit they need more than expected recall of spinner Danish Kaneria and even possible return of ex-skipper Younus Khan to beat Australia in second cricket Test at the SCG. While they would undoubtedly be a big help, tourists were on the back foot
Published 31 Dec, 2009 12:00am
Hauritz spins Australia to big win over Pakistan

Hauritz spins Australia to big win over Pakistan

Off-spinner Nathan Hauritz claimed his maiden five-wicket haul as Australia beat Pakistan by 170 runs in first cricket Test at the MCG on Wednesday. Hauritz, whose previous best was four for 86, bagged two wickets in his first over after lunch to finish w
Published 31 Dec, 2009 12:00am
Ponting hails MCG win

Ponting hails MCG win

Ricky Ponting Wednesday became Test cricket's most winning player and captain after Australia won the first Test over Pakistan in emphatic fashion. Ponting declared the win one of the side's best in years. "It's been a great game for us, it's one of our b
Published 31 Dec, 2009 12:00am
Pakistan players show interest in IPL auction

Pakistan players show interest in IPL auction

At least twelve Pakistani cricketers have applied to be included in the next player auction of the Indian Premier League (IPL) which takes place on January 19, 2010 ahead of IPL 3.0. After missing out on visa's early this month players were told by IPL co
Published 31 Dec, 2009 12:00am
PFF Congress meeting to be held on December 31

PFF Congress meeting to be held on December 31

The meeting of Pakistan Football Congress will be held in Lahore's FIFA Football House on Thursday (today). Pakistan Football Federation (PFF) President Syed Faisal Saleh Hayat will chair the meeting. The agenda of meeting features a wide range of topics,
Published 31 Dec, 2009 12:00am
Pentangular Cup put off for a day

Pentangular Cup put off for a day

The RBS Pentangular Cup (First Class Tournament) 2009-2010 scheduled to start from 1st January 2010 will now start from 2nd January 2010 due to strike on 1st January 2010 at Karachi. A spokesman of Pakistan Cricket Board (PCB) said here on Wednesday that
Published 31 Dec, 2009 12:00am
Strauss hails 'emphatic' win over South Africa

Strauss hails 'emphatic' win over South Africa

England captain Andrew Strauss said on Wednesday that his team's win by an innings and 98 runs in the second Test against South Africa at Kingsmead had been outstanding. England needed just 18 overs on the final day to complete a win which gave them a 1-0
Published 31 Dec, 2009 12:00am
Nadal feels in better shape for 2010 season

Nadal feels in better shape for 2010 season

World number two Rafael Nadal believes he is in better shape for the start of the 2010 tennis season than he was this year despite having a relatively short time to prepare. Nadal, who was plagued by knee and stomach injuries during 2009, helped Spain to
Published 31 Dec, 2009 12:00am
Siemens unveils Russian order for Olympic trains

Siemens unveils Russian order for Olympic trains

Russian officials have ordered 580 million euros (830 million dollars) worth of German trains for the 2014 Winter Olympic Games in Sochi, the industrial group Siemens said on Wednesday. The Russian railway group RZD signed an order for up to 54 regional t
Published 31 Dec, 2009 12:00am
Swiss franc hovers near nine-month high

Swiss franc hovers near nine-month high

The Swiss franc remained tight on a nine-month high hit in the previous session on Wednesday, with thin liquidity resulting in heightened volatility as traders began to shut up shop for 2009. The franc slipped 0.1 percent against the euro compared to the
Published 31 Dec, 2009 12:00am
Most Asian currencies steady

Most Asian currencies steady

The US dollar hit a two-month high against yen on Wednesday as improving US consumer confidence brightened prospects for the world's largest economy, but the greenback was mixed against other Asian currencies. Most Asian currencies were steady as investor
Published 31 Dec, 2009 12:00am
Australian dollar fights to keep gains

Australian dollar fights to keep gains

The Aussie dollar was broadly firmer on Wednesday, supported by growing optimism over commodity prices but failed to hold on to all of its gains against a rallying US dollar. The Aussie was hovering at $0.8904, up from $0.8777 late Tuesday but off a high
Published 31 Dec, 2009 12:00am
Hong Kong dollar inches higher

Hong Kong dollar inches higher

The Hong Kong dollar inched higher against the US dollar on Wednesday but trading was confined to a narrow range in thin year-end holiday volumes. The local currency traded between 7.7548 and 7.7555 during the session. A dealer said the Hong Kong dollar h
Published 31 Dec, 2009 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 69.25/69.27 (previous 69.23/69.27) Call Money Rates:3.50-8.00 percent (previous 3.00-8.25 percent).
Published 31 Dec, 2009 12:00am
Dollar rises to two-month high against yen

Dollar rises to two-month high against yen

The dollar posted gains against most major currencies on Tuesday, climbing to a two-month peak versus the yen, boosted by a report showing a rise in US consumer confidence this month. Some traders also attributed the dollar's gains to year-end buying by a
Published 31 Dec, 2009 12:00am
Dollar gains on yen

Dollar gains on yen

The dollar hit a two-month high against the yen on Wednesday, keeping the firmer tone it has developed recently on shifting sentiment about the outlook for US rates following improving economic data. The US currency was also supported by last-minute comme
Published 31 Dec, 2009 12:00am
Yuan hits 11-week high

Yuan hits 11-week high

The yuan hit a two-and-a-half month high against the dollar on Wednesday, propelled by small-scale but urgent yuan settlement demand ahead of the New Year's Day holiday, while dealers said the central bank was largely letting the market go its own way in
Published 31 Dec, 2009 12:00am
Malaysian shares fall

Malaysian shares fall

Malaysian shares ended 0.32 percent lower on Wednesday amid weak sentiment as investors stayed away from the market ahead of the long weekend, dealers said. The Kuala Lumpur Composite Index shed 4.10 points to close at 1,271.12 with a volume of 586.48 mil
Published 31 Dec, 2009 12:00am
Nikkei climbs 19 percent in 2009

Nikkei climbs 19 percent in 2009

Japan's Nikkei average booked a 19 percent gain in 2009, with shares of high-tech exporters leading a rebound rally on a weaker yen and as economic stimulus measures helped turn around the world economy. The benchmark's yearly climb followed a 42 percent
Published 31 Dec, 2009 12:00am
Singapore shares slightly firmer

Singapore shares slightly firmer

Singapore shares rose for the third straight session to close 0.35 percent higher on Wednesday as fund managers took positions ahead of the year's end, dealers said. The blue chip Straits Times Index (STI) rose 10.00 points to 2,879.76 on volume of 1.76 b
Published 31 Dec, 2009 12:00am
US bonds rise after five-year auction

US bonds rise after five-year auction

US Treasury debt prices rose on Tuesday following an auction of $42 billion in five-year notes that went better than feared, inspiring confidence after losses last week. Investors shrugged off upbeat consumer confidence data. Longer-dated Treasuries led t
Published 31 Dec, 2009 12:00am
US bonds rise after five-year auction

US bonds rise after five-year auction

US Treasury debt prices rose on Tuesday following an auction of $42 billion in five-year notes that went better than feared, inspiring confidence after losses last week. Investors shrugged off upbeat consumer confidence data. Longer-dated Treasuries led t
Published 31 Dec, 2009 12:00am
Jakarta shares rally

Jakarta shares rally

Indonesian shares closed 0.61 percent higher on Wednesday spurred by foreign buying in blue chip banks and automotive stocks, dealers said. The Jakarta Composite Index gained 15.36 points to 2,534.36. "The market ended the year in positive territory despi
Published 31 Dec, 2009 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares reversed earlier losses to end 0.6 percent higher on the year's last trading day on Wednesday, posting a 50 percent gain in 2009, but losses in Kumho Asiana Group shares weighed. The Korea Composite Stock Price Index (KOSPI) finished up 10.29
Published 31 Dec, 2009 12:00am
US stocks slip

US stocks slip

US stocks edged lower in a low-volume session on Tuesday, breaking a six-day string of gains as investors found little reason to push stocks higher as the year's end approached. Data showing a rise in consumer confidence was offset by a housing report poi
Published 31 Dec, 2009 12:00am
Chinese shares jump 1.58 percent

Chinese shares jump 1.58 percent

Chinese shares closed up 1.58 percent on Wednesday as banks surged after recent corrections and oil refiners rose on higher crude prices, dealers said. The Shanghai Composite Index, which covers both A and B shares, was up 50.84 points at 3,262.60 on turn
Published 31 Dec, 2009 12:00am
Taiwan stocks at near 19-month high

Taiwan stocks at near 19-month high

Taiwan stocks gained 0.73 percent to a near 19-month closing high on Wednesday, led by major technology companies including AU Optronics on hopes of rising demand as the global economy recovers. The main TAIEX share index rose 58.45 points to 8,112.28. Tu
Published 31 Dec, 2009 12:00am
Hong Kong shares end flat

Hong Kong shares end flat

Hong Kong shares closed flat on Wednesday in thin holiday trade, with the benchmark Hang Seng Index edging down 2.82 points, or 0.01 percent, to close at 21,496.62. Turnover totalled 47.75 billion Hong Kong dollars (6.15 billion dollars US). A decline in
Published 31 Dec, 2009 12:00am
JGBs edge up

JGBs edge up

Japanese government bonds rose on Wednesday on the last trading day of 2009, supported by buying from investors tweaking their portfolios at the end of the month, with futures getting a lift from short-covering. Lead 10-year JGB futures rose 0.17 point to
Published 31 Dec, 2009 12:00am
JGBs edge up

JGBs edge up

Japanese government bonds rose on Wednesday on the last trading day of 2009, supported by buying from investors tweaking their portfolios at the end of the month, with futures getting a lift from short-covering. Lead 10-year JGB futures rose 0.17 point to
Published 31 Dec, 2009 12:00am
Dutch court to take on Shell Nigeria cases

Dutch court to take on Shell Nigeria cases

Royal Dutch Shell and its Nigerian unit will face compensation demands in a Dutch court for alleged damage caused by oil spills in Nigeria after the court ruled on Wednesday it was competent to handle the cases. Environmental group Friends of the Earth Ne
Published 31 Dec, 2009 12:00am
Iraq, Angola's Sonangol ink initial oilfield deals

Iraq, Angola's Sonangol ink initial oilfield deals

Iraq signed initial agreements with Angola's state Sonangol oil company on Wednesday to develop the Qayara and Najmah oilfields, which lie in one of the country's most dangerous regions. The 800 million barrel Qayara field and 900 million barrel Najmah fi
Published 31 Dec, 2009 12:00am
China Mobile says listing plan will go ahead despite probe

China Mobile says listing plan will go ahead despite probe

Telecoms giant China Mobile said Wednesday that the government's investigation of its vice-chairman would not affect a plan to list the company in mainland China. The world's largest phone operator by market value said it is pushing ahead with preparatory
Published 31 Dec, 2009 12:00am
China Mobile says listing plan will go ahead despite probe

China Mobile says listing plan will go ahead despite probe

Telecoms giant China Mobile said Wednesday that the government's investigation of its vice-chairman would not affect a plan to list the company in mainland China. The world's largest phone operator by market value said it is pushing ahead with preparatory
Published 31 Dec, 2009 12:00am
Venezuelan economy shrinks 2.9 percent in 2009

Venezuelan economy shrinks 2.9 percent in 2009

Venezuela's economy probably shrank 2.9 percent in 2009, its first contraction after a five-year bonanza of growth and spending fuelled by high oil prices, the central bank said on Tuesday. A bad year had been expected after shocking third quarter figures
Published 31 Dec, 2009 12:00am
Sudan adopts referendum law for oil-rich Abyei

Sudan adopts referendum law for oil-rich Abyei

Sudan's parliament passed a law on Wednesday governing the oil-producing Abyei region's right to join the country's southern region if it secedes, or to remain part of the north. But lawmakers said problems remained about who in Abyei would be allowed to
Published 31 Dec, 2009 12:00am
Asia fuels air traffic growth: IATA

Asia fuels air traffic growth: IATA

An Asian economic rebound fuelled growth in global air passenger and cargo demand in November but there remains "much ground still to be recovered," the International Air Transport Association said Wednesday. Air traffic demand was up 2.1 percent from Nov
Published 31 Dec, 2009 12:00am
Sri Lanka inflation hits nine-month high

Sri Lanka inflation hits nine-month high

Sri Lanka's annual inflation hit a nine-month high of 4.8 percent in December due to a low base effect and rising consumer spending on the back of low interest rates, data showed on Wednesday. "This is mainly due to low base effect," K.D. Ranasinghe, the
Published 31 Dec, 2009 12:00am
500 tons of bad seafood seized in Italy

500 tons of bad seafood seized in Italy

Italian authorities have seized some 500 tons of bad seafood and shellfish believed to be largely destined for New Year's Eve dinner parties. Agriculture Minister Luca Zaia said Wednesday that worms were found in some of the fish seized across Italy betwe
Published 31 Dec, 2009 12:00am
South Korea upbeat on 2010, but November data disappoints

South Korea upbeat on 2010, but November data disappoints

South Korean manufacturing firms are optimistic about a sustained economic recovery into 2010 but disappointing industrial activity data underscored concerns about still weak global demand. However, news of weaker-than-expected industrial output growth in
Published 31 Dec, 2009 12:00am
French government rushes to revive carbon tax

French government rushes to revive carbon tax

French ministers scrambled on Wednesday to rescue a carbon tax aimed at cutting energy consumption, which was annulled by the Constitutional Court just 48 hours before it was due to come into force. France's highest court stunned President Nicolas Sarkozy
Published 31 Dec, 2009 12:00am
Oil-thirsty China to raise Kuwaiti imports by 50 percent

Oil-thirsty China to raise Kuwaiti imports by 50 percent

China has agreed to raise 2010 crude imports from Kuwait by 50 percent to about 240,000 barrels per day, trade sources told Reuters, with Chinese refiners set to process at record rates as demand rebounds strongly. The jump, which follows a one-third incr
Published 31 Dec, 2009 12:00am
British shoppers hunt Christmas sale bargains before tax rise

British shoppers hunt Christmas sale bargains before tax rise

Recession-hit Britons are rushing to snap up bargains in the traditional post-Christmas sales, but economists warn that a looming tax hike is also fuelling demand - and could stall economic recovery. Many shops in Britain began slashing prices on Saturday
Published 31 Dec, 2009 12:00am
China vows to cut red tape for foreign investors

China vows to cut red tape for foreign investors

China will make it easier for foreign investors to start businesses in the country, especially in its western provinces, the government said in a statement on Wednesday. It said China would open a wider range of sectors to foreign investors and would enco
Published 31 Dec, 2009 12:00am
Swiss KOF growth barometer signals slowing recovery

Swiss KOF growth barometer signals slowing recovery

Switzerland's economic recovery is set to lose momentum in 2010, the KOF research institute said on Wednesday after its leading growth barometer posted only a small rise in December following months of brisk recovery. However, the KOF indicator still unde
Published 31 Dec, 2009 12:00am
Taiwan to restore partial ban on US beef

Taiwan to restore partial ban on US beef

Taiwan's two main political parties agreed Tuesday to reinstate a ban on some kinds of US beef imports amid growing public concern that the government lacks adequate safeguards against mad cow disease. The decision has alarmed US officials as it will like
Published 31 Dec, 2009 12:00am
Dubai panel to solve Amlak, Tamweel disputes

Dubai panel to solve Amlak, Tamweel disputes

Dubai's ruler has set up a panel to protect creditors of troubled mortgage lenders Amlak and Tamweel, whose long-planned merger is slated to occur in early 2010. Shares in the two Dubai-based Islamic firms were suspended last year and have not traded sinc
Published 31 Dec, 2009 12:00am
Saab says bid deadline dropped, to resume output

Saab says bid deadline dropped, to resume output

General Motors has extended a December 31 deadline for bids for its Swedish car brand Saab, which will restart some production lines in January after a shutdown, Saab said on Wednesday. GM had given itself to the end of this month to consider bids for los
Published 31 Dec, 2009 12:00am
Foreign firms win $10 billion Turkmen energy deals

Foreign firms win $10 billion Turkmen energy deals

The Central Asian nation of Turkmenistan has awarded contracts worth 9.7 billion dollars (6.8 billion euros) to a series of foreign companies to develop one of the world's most prized gas fields. China National Petroleum Corporation, South Korea's LG Inte
Published 31 Dec, 2009 12:00am
French public debt hits record

French public debt hits record

France's public debt soared to a record 75.8 percent of output in the third quarter, official figures showed Wednesday, a week after Paris got a warning on its credit standing. The new debt figure from the statistics institute INSEE followed a stern messa
Published 31 Dec, 2009 12:00am
Bangladesh eyes manpower exports boost in 2010

Bangladesh eyes manpower exports boost in 2010

Bangladesh hopes to send more wage earners abroad in 2010, despite manpower exports falling nearly 50 percent to some 450,000 in 2009 following the global slowdown, officials said on Wednesday. "The manpower exports are likely to increase as most countrie
Published 31 Dec, 2009 12:00am
Seoul launches electric hybrid taxis

Seoul launches electric hybrid taxis

The South Korean capital Seoul has launched electric hybrid green taxis that use less fuel and cut emissions. Ten of the vehicles have been in pilot service in the city since the launch in early December. The Hyundai Avante and Kia Forte electric hybrid t
Published 31 Dec, 2009 12:00am
German exporters see Asia driving growth in 2010

German exporters see Asia driving growth in 2010

Demand in Asia will help German exports grow by as much as 10 percent next year, the president of the BGA exporters' group said on Wednesday. "German foreign trade will prove itself as an economic motor again in 2010," BGA President Anton Boerner said in
Published 31 Dec, 2009 12:00am
Saudis quit Caribbean oil storage; China steps in

Saudis quit Caribbean oil storage; China steps in

Saudi Arabia has quit a long-held lease for 5 million barrels of Caribbean oil storage near the key US market and state giant PetroChina is poised to move in, industry sources say, a potentially major shift in global oil trade dynamics.
Published 31 Dec, 2009 12:00am
Japan sets long-term economic goals, meets scepticism

Japan sets long-term economic goals, meets scepticism

Japan's government said it aimed for economic growth of more than two percent over the next decade, but its long-term plan unveiled on Wednesday lacked detail needed to convince investors the goal is realistic.
Published 31 Dec, 2009 12:00am
Eurozone lending declines, hope lies in households: ECB

Eurozone lending declines, hope lies in households: ECB

Eurozone bank lending to the private sector contracted again in November, the European Central Bank said on Wednesday, but there was reason for hope as household lending turned positive on the year. Overall lending shrank by 0.7 percent from November 2008
Published 31 Dec, 2009 12:00am
US Midwest business jumps near four-year highs

US Midwest business jumps near four-year highs

Business activity in the US Midwest expanded far more than expected in December, hitting its highest in nearly four years on a massive recovery in employment and accelerating new orders. The Institute for Supply Management-Chicago said on Wednesday its bu
Published 31 Dec, 2009 12:00am
US panel okays duties on China steel in record case

US panel okays duties on China steel in record case

A US trade panel gave final approval on Wednesday to duties ranging from about 10 to 16 percent on Chinese-made steel pipe in the biggest US trade case to date against China. The US International Trade Commission voted 6-0 in favour of the duties set by t
Published 31 Dec, 2009 12:00am
Gold edges down in Asia

Gold edges down in Asia

Gold prices edged down on Wednesday, after New York futures snapped a three-session winning streak the day before, with the dollar's firmness curbing bullion's appeal as a currency alternative. Trading remained very subdued with many Japanese players out
Published 31 Dec, 2009 12:00am
US gold drops

US gold drops

US gold futures fell on Tuesday amid weak buying sentiment in quiet holiday trade, but underlying support should keep prices above the key $1,100 level, traders said. Gold futures for February delivery down $4.60 at $1,103.30 an ounce on the COMEX divisio
Published 31 Dec, 2009 12:00am
Gilani to do away with bar on third-time Premiership

Gilani to do away with bar on third-time Premiership

Prime Minister Yousuf Raza Gilani on Wednesday reiterated resolve to restore the 1973 constitution in its original form and vowed to do away with the restriction on becoming prime minister for third time. Addressing the gathering after the historic signin
Published 31 Dec, 2009 12:00am
Oil up above $79

Oil up above $79

Oil edged up above $79 on Wednesday, as falls in US fuel stocks during a cold winter and optimism over the global economy, countered a surprise rise in crude inventories and the firm dollar. Crude stocks in the world's biggest oil consumer rose by 1.7 mil
Published 31 Dec, 2009 12:00am
Gilani to do away with bar on third-time Premiership

Gilani to do away with bar on third-time Premiership

Prime Minister Yousuf Raza Gilani on Wednesday reiterated resolve to restore the 1973 constitution in its original form and vowed to do away with the restriction on becoming prime minister for third time. Addressing the gathering after the historic signin
Published 31 Dec, 2009 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian palm oil futures ended up a fraction on Wednesday after gains in the crude oil market, but expectations of low exports for December and higher stocks capped the rise. "Crude oil was trading higher which supported the market but on the other hand
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
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
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
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
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
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
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
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
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
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
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
Previous Day