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Nov 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-01-19
Indonesia 2010 cocoa output seen up

Indonesia 2010 cocoa output seen up

Indonesia's cocoa bean output this year is expected to increase 8 percent after setting weaker-than-expected production last year, the chairman of the Indonesian Cocoa Association (Askindo) said on Monday. The world's third-largest grower after Ivory Coas
Published 19 Jan, 2010 12:00am
Oil falls below $78 in Asia

Oil falls below $78 in Asia

Oil prices fell for the sixth session to below $78 a barrel on Monday, as poor risk appetite and renewed concerns about energy demand prompted investors to sell down their positions. A string of bearish news, such as a cut by the International Energy Agen
Published 19 Jan, 2010 12:00am
Copper prices higher in Asia

Copper prices higher in Asia

London copper rose a percent on Monday and Shanghai bounced off an early low on hope that strong Chinese demand could cut stocks, but concerns remain the central bank could act again to cool inflation pressures in the economy. China is scheduled to releas
Published 19 Jan, 2010 12:00am
Egypt sells 1,538 tonnes of cotton

Egypt sells 1,538 tonnes of cotton

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,538 tonnes of cotton in the week that ended on January 16, an Alcotexa official told Reuters on Monday. The sales comprised 25 tonnes of Giza 87, 1,242 tonnes of Giza 88 and 2
Published 19 Jan, 2010 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Tokyo rubber futures ended down 1 percent on Monday after oil extended losses, but tight supplies in main producing countries could help the contracts regain the psychologically key 300 yen mark. TOCOM's rubber contract for June 2010 delivery settled 3.3
Published 19 Jan, 2010 12:00am
Yemen aims to boost oil output up to 10 percent

Yemen aims to boost oil output up to 10 percent

Yemen plans to boost oil output by up to 10 percent to more than 300,000 barrels per day (bpd) this year and is in talks with firms including China's Sinopec to upgrade its Aden refinery, the country's oil minister said. The poorest Arab country depends o
Published 19 Jan, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 321,211 tonnes of liquid import cargo including 223,113 tonnes of import 98,098 tonnes of export cargo and 3,194 loaded and empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 223,113 ton
Published 19 Jan, 2010 12:00am
Saudi Arabia buys 440,000 tonnes of wheat

Saudi Arabia buys 440,000 tonnes of wheat

Saudi Arabia's state grains authority has bought 440,000 tonnes of wheat at an average $256.2 per tonnes, a senior authority official told Reuters on Monday. The origin of the wheat has not been disclosed. The Grain Silos and Flour Mills Organisation (GSF
Published 19 Jan, 2010 12:00am
Thailand to sell 375,000 tonnes of rice

Thailand to sell 375,000 tonnes of rice

Thailand, the world's biggest rice exporter, will open a tender to sell 375,000 tonnes of rice from government stocks through a tender this week, a Commerce Ministry official said on Monday. "We decided to release some of our stocks this week in order to
Published 19 Jan, 2010 12:00am
Chinese steel prices down last week

Chinese steel prices down last week

Chinese spot steel prices dipped 0.3 percent over last week, with traders concerned about the impact of tighter monetary policies on the property market, according to industry consultancy Mysteel. Mysteel's composite price index fell to 146.9 points, the
Published 19 Jan, 2010 12:00am
Canadian canola touches lowest price in three months

Canadian canola touches lowest price in three months

ICE Canada March canola futures fell to a contract low on Monday, weighed down by a stronger Canadian dollar and weaker rapeseed futures, traders said. Hedge pressure from grain companies was also seen as farmer selling picked up over weekend, a trader sa
Published 19 Jan, 2010 12:00am
Iraq issues tender for 100,000 tonnes of wheat

Iraq issues tender for 100,000 tonnes of wheat

The Iraqi Grain Board issued a tender to purchase at least 100,000 tonnes of wheat from any origin, European traders said on Monday. Offers are due by January 26 and must be valid until February 2, traders said. Amounts requested in grain tenders in Iraq,
Published 19 Jan, 2010 12:00am
Rates move both ways on grain, seed market

Rates move both ways on grain, seed market

The prices moved both ways on the Karachi wholesale grain and Seeds market on Monday in process of trading, dealers said. On the seeds side rapeseed Dadulane gave up Rs 50 to Rs 1200-1250. Rapeseed cakes followed the same pattern and lost Rs 10 to Rs 740-
Published 19 Jan, 2010 12:00am
Fog in Punjab cotton areas disrupts trade; prices remain stable

Fog in Punjab cotton areas disrupts trade; prices remain stable

Increasing fog in most parts of cotton growing areas in the Punjab caused thin business on the cotton market on Monday, dealers said. The Karachi Cotton Association (KCA) official spot rate was unmoved at Rs 4,575, dealers said. In the ready business near
Published 19 Jan, 2010 12:00am
Iran opposition urges protests on Revolution day

Iran opposition urges protests on Revolution day

Iranian opposition groups flooded the Web on Monday with calls for a massive show of force during next month's anniversary of the Islamic Revolution, openly taunting authorities who have warned of a punishing response to any disruptions of the most hallow
Published 19 Jan, 2010 12:00am
EU seeks leeway to exceed sugar export ceiling

EU seeks leeway to exceed sugar export ceiling

The European Union's farm chief asked her legal services on Monday to look into the possibility of allowing exporters to exceed its sugar export ceiling without breaching international trade rules. Under World Trade Organisation (WTO) agreements, the Euro
Published 19 Jan, 2010 12:00am
Airbus marks delivery of 6,000th plane

Airbus marks delivery of 6,000th plane

Airbus, the European jet plane company, delivered on Monday the 6,000th aircraft it has made to the airline Emirates.Adel al-Redha, deputy chief executive of Emirates, picked up the giant A-380 plane in the German city of Hamburg. His Dubai-based company
Published 19 Jan, 2010 12:00am
Oil cake market rates

Oil cake market rates

Sharp rise was seen on the forward cottonseed oilcake market on Monday, dealers said. The new January vaida that closed at Rs 970.80 opened with a gain of 50 paisa at Rs 971.30, they said. The March contract, which ended at Rs 954.20 opened with a steep g
Published 19 Jan, 2010 12:00am
Hindu man asks for cremation on open pyre

Hindu man asks for cremation on open pyre

A Hindu man who wants the right to be cremated on a traditional funeral pyre after he dies has taken his case to Britain's Court of Appeal. Lawyer Rambert de Mello said Monday that his 71-year old client, Davender Ghai, wanted to be cremated on a wood pyr
Published 19 Jan, 2010 12:00am
Habib Bank declares PLS profit rates

Habib Bank declares PLS profit rates

Habib Bank limited has announced the profit rates on PLS deposits for the period of six months from 1st July to 31st December 2009:

Published 19 Jan, 2010 12:00am
Iran hails UN indecision over further sanctions

Iran hails UN indecision over further sanctions

The failure of the six key powers at the UN to levy new sanctions on Iran was hailed on Monday by Iran as a sign of increased rationality in the discussion over its disputed nuclear program. Foreign Minister Manouchehr Mottaki told reporters in a press co
Published 19 Jan, 2010 12:00am
Habib Bank declares PLS profit rates

Habib Bank declares PLS profit rates

Habib Bank limited has announced the profit rates on PLS deposits for the period of six months from 1st July to 31st December 2009:

Published 19 Jan, 2010 12:00am
EU continues to shed jobs, despite pick up signals in the economy

EU continues to shed jobs, despite pick up signals in the economy

Unemployment continues to grow in the European Union, although the pace at which jobs are lost is slowing down, a regular European Commission report revealed on Monday.Growing unemployment as a result of the economic and financial crisis is one of the iss
Published 19 Jan, 2010 12:00am
Bank Alfalah announces PLS profit rates

Bank Alfalah announces PLS profit rates

Bank Alfalah limited has announced the profit rates on PLS deposits for the period of six months from 1st July to 31st December 2009:

Published 19 Jan, 2010 12:00am
Plan to build Britain's biggest mosque blocked

Plan to build Britain's biggest mosque blocked

Plans to build a "super-mosque" next to the site for the 2012 Olympic Games in London have collapsed and the Islamic group behind the project will be evicted later this week, a London council responsible for the district said Monday.
Published 19 Jan, 2010 12:00am
Bank Alfalah announces PLS profit rates

Bank Alfalah announces PLS profit rates

Bank Alfalah limited has announced the profit rates on PLS deposits for the period of six months from 1st July to 31st December 2009:

Published 19 Jan, 2010 12:00am
Plan to build Britain's biggest mosque blocked

Plan to build Britain's biggest mosque blocked

Plans to build a "super-mosque" next to the site for the 2012 Olympic Games in London have collapsed and the Islamic group behind the project will be evicted later this week, a London council responsible for the district said Monday.
Published 19 Jan, 2010 12:00am
Arif habib Bank announces PLS profit rates

Arif habib Bank announces PLS profit rates

Arif habib Bank limited has announced the profit rates on PLS deposits for the period of six months from 1st July to 31st December 2009:

Published 19 Jan, 2010 12:00am
India says to sign fighter jet deal with Russia

India says to sign fighter jet deal with Russia

Russia will supply more than two dozen MiG-29 fighter jets to India's navy in a $1.2 billion deal to be finalised this week, a defence ministry official said on Monday. The proposed deal comes after the two countries agreed on a 10-year military pact in D
Published 19 Jan, 2010 12:00am
Arif habib Bank announces PLS profit rates

Arif habib Bank announces PLS profit rates

Arif habib Bank limited has announced the profit rates on PLS deposits for the period of six months from 1st July to 31st December 2009:

Published 19 Jan, 2010 12:00am
MoF to convince Sindh government allow Centre to collect VAT

MoF to convince Sindh government allow Centre to collect VAT

The Ministry of Finance will approach the Sindh government to convince the provincial authorities for collection of Value Added Tax (VAT) on services by the federal government for implementation of a broad-based integrated VAT Law from July 2010. The issu
Published 19 Jan, 2010 12:00am
MoF to convince Sindh government allow Centre to collect VAT

MoF to convince Sindh government allow Centre to collect VAT

The Ministry of Finance will approach the Sindh government to convince the provincial authorities for collection of Value Added Tax (VAT) on services by the federal government for implementation of a broad-based integrated VAT Law from July 2010. The issu
Published 19 Jan, 2010 12:00am
India says to sign fighter jet deal with Russia

India says to sign fighter jet deal with Russia

Russia will supply more than two dozen MiG-29 fighter jets to India's navy in a $1.2 billion deal to be finalised this week, a defence ministry official said on Monday. The proposed deal comes after the two countries agreed on a 10-year military pact in D
Published 19 Jan, 2010 12:00am
NIB Bank declares PLS profit rates

NIB Bank declares PLS profit rates

NIB Bank Limited has declared the following profit rates on PLS deposits for the period of six months ended 31st December 2009.

Published 19 Jan, 2010 12:00am
PSDP: five ministries/departments got only 27 percent of allocation

PSDP: five ministries/departments got only 27 percent of allocation

The five ministries/departments including Pakistan Atomic Energy Commission (PAEC) on Monday claimed that the Finance Ministry has released Rs 27.1 billion funds ie, 27 percent of the total allocation of Rs 100.4 billion for the first half (July-December)
Published 19 Jan, 2010 12:00am
NIB Bank declares PLS profit rates

NIB Bank declares PLS profit rates

NIB Bank Limited has declared the following profit rates on PLS deposits for the period of six months ended 31st December 2009.

Published 19 Jan, 2010 12:00am
PSDP: five ministries/departments got only 27 percent of allocation

PSDP: five ministries/departments got only 27 percent of allocation

The five ministries/departments including Pakistan Atomic Energy Commission (PAEC) on Monday claimed that the Finance Ministry has released Rs 27.1 billion funds ie, 27 percent of the total allocation of Rs 100.4 billion for the first half (July-December)
Published 19 Jan, 2010 12:00am
NIB Bank declares PLS profit rates

NIB Bank declares PLS profit rates

NIB Bank Limited has declared the following profit rates on PLS deposits for the period of six months ended 31st December 2009.

Published 19 Jan, 2010 12:00am
MoF to convince Sindh government allow Centre to collect VAT

MoF to convince Sindh government allow Centre to collect VAT

The Ministry of Finance will approach the Sindh government to convince the provincial authorities for collection of Value Added Tax (VAT) on services by the federal government for implementation of a broad-based integrated VAT Law from July 2010. The issu
Published 19 Jan, 2010 12:00am
NIB Bank declares PLS profit rates

NIB Bank declares PLS profit rates

NIB Bank Limited has declared the following profit rates on PLS deposits for the period of six months ended 31st December 2009.

Published 19 Jan, 2010 12:00am
All 14 RPPs functional: Pepco

All 14 RPPs functional: Pepco

Pakistan Electric Power Company (Pepco) Managing Director Tahir Basharat Cheema has said on Monday that all the 14 rental power projects (RPPs) became functional by December 31, 2009 as originally envisaged then and the applicable tariff for the RPPs woul
Published 19 Jan, 2010 12:00am
NIB Bank declares PLS profit rates

NIB Bank declares PLS profit rates

NIB Bank Limited has declared the following profit rates on PLS deposits for the period of six months ended 31st December 2009.

Published 19 Jan, 2010 12:00am
All 14 RPPs functional: Pepco

All 14 RPPs functional: Pepco

Pakistan Electric Power Company (Pepco) Managing Director Tahir Basharat Cheema has said on Monday that all the 14 rental power projects (RPPs) became functional by December 31, 2009 as originally envisaged then and the applicable tariff for the RPPs woul
Published 19 Jan, 2010 12:00am
NIB Bank declares PLS profit rates

NIB Bank declares PLS profit rates

NIB Bank Limited has declared the following profit rates on PLS deposits for the period of six months ended 31st December 2009.

Published 19 Jan, 2010 12:00am
PSDP: five ministries/departments got only 27 percent of allocation

PSDP: five ministries/departments got only 27 percent of allocation

The five ministries/departments including Pakistan Atomic Energy Commission (PAEC) on Monday claimed that the Finance Ministry has released Rs 27.1 billion funds ie, 27 percent of the total allocation of Rs 100.4 billion for the first half (July-December)
Published 19 Jan, 2010 12:00am
Refineries may reject proposed oil pricing formula

Refineries may reject proposed oil pricing formula

The oil refineries may jointly reject the proposed oil pricing formula devised by a committee on oil pricing, which suggests fixing foreign exchange value at Rs 83 per dollar to determine the ex-refinery price, Business Recorder learnt on Monday. S
Published 19 Jan, 2010 12:00am
All 14 RPPs functional: Pepco

All 14 RPPs functional: Pepco

Pakistan Electric Power Company (Pepco) Managing Director Tahir Basharat Cheema has said on Monday that all the 14 rental power projects (RPPs) became functional by December 31, 2009 as originally envisaged then and the applicable tariff for the RPPs woul
Published 19 Jan, 2010 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 19 Jan, 2010 12:00am
Refineries may reject proposed oil pricing formula

Refineries may reject proposed oil pricing formula

The oil refineries may jointly reject the proposed oil pricing formula devised by a committee on oil pricing, which suggests fixing foreign exchange value at Rs 83 per dollar to determine the ex-refinery price, Business Recorder learnt on Monday. S
Published 19 Jan, 2010 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 19 Jan, 2010 12:00am
Refineries may reject proposed oil pricing formula

Refineries may reject proposed oil pricing formula

The oil refineries may jointly reject the proposed oil pricing formula devised by a committee on oil pricing, which suggests fixing foreign exchange value at Rs 83 per dollar to determine the ex-refinery price, Business Recorder learnt on Monday. S
Published 19 Jan, 2010 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 Monday (January 18, 2010).

Published 19 Jan, 2010 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 Monday (January 18, 2010).

Published 19 Jan, 2010 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 Monday (January 18, 2010).

Published 19 Jan, 2010 12:00am
Powerlooms owners, workers hold protest rally

Powerlooms owners, workers hold protest rally

Powerlooms Owners and Workers took out protest procession against prolonged load-shedding of electricity, price hike of yarn, here on Monday, on the arrival of Asif Ali Zardari in industrial city. The thousand workers and Owners of the Powerlooms Sector o
Published 19 Jan, 2010 12:00am
Powerlooms owners, workers hold protest rally

Powerlooms owners, workers hold protest rally

Powerlooms Owners and Workers took out protest procession against prolonged load-shedding of electricity, price hike of yarn, here on Monday, on the arrival of Asif Ali Zardari in industrial city. The thousand workers and Owners of the Powerlooms Sector o
Published 19 Jan, 2010 12:00am
Powerlooms owners, workers hold protest rally

Powerlooms owners, workers hold protest rally

Powerlooms Owners and Workers took out protest procession against prolonged load-shedding of electricity, price hike of yarn, here on Monday, on the arrival of Asif Ali Zardari in industrial city. The thousand workers and Owners of the Powerlooms Sector o
Published 19 Jan, 2010 12:00am
Index down 27.68 points

Index down 27.68 points

After witnessing mixed trend on Monday, the KSE-100 index closed at 9,895.46 points with a loss of 27.68 points. The market opened on a positive note and the index hit 9,953.29 points, up 30.15 points. However, the momentum could not continue due to inves
Published 19 Jan, 2010 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 Monday (January 18, 2010).

Published 19 Jan, 2010 12:00am
Index down 27.68 points

Index down 27.68 points

After witnessing mixed trend on Monday, the KSE-100 index closed at 9,895.46 points with a loss of 27.68 points. The market opened on a positive note and the index hit 9,953.29 points, up 30.15 points. However, the momentum could not continue due to inves
Published 19 Jan, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (January 18, 2010).
Published 19 Jan, 2010 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both ways on Lahore Stock Exchange on Monday and closed in red zone amid descending transaction volume on account of lack of buying support and profit taking in blue chips. The LSE-25 index declined by 15.39 points and ended at 3085.64 poin
Published 19 Jan, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (January 18, 2010).

Published 19 Jan, 2010 12:00am
BRIndex30 loses 25.34 points

BRIndex30 loses 25.34 points

On Monday, the BRIndex30 opened at 8,735.06 points and, after exhibiting a fluctuating trend throughout the market time, closed at 8,709.72 points with a negative change of -25.34 points, or -0.29 percent. It experienced intra-day high of 8,769.31 and low
Published 19 Jan, 2010 12:00am
BRIndex30 loses 25.34 points

BRIndex30 loses 25.34 points

On Monday, the BRIndex30 opened at 8,735.06 points and, after exhibiting a fluctuating trend throughout the market time, closed at 8,709.72 points with a negative change of -25.34 points, or -0.29 percent. It experienced intra-day high of 8,769.31 and low
Published 19 Jan, 2010 12:00am
Index down 27.68 points

Index down 27.68 points

After witnessing mixed trend on Monday, the KSE-100 index closed at 9,895.46 points with a loss of 27.68 points. The market opened on a positive note and the index hit 9,953.29 points, up 30.15 points. However, the momentum could not continue due to inves
Published 19 Jan, 2010 12:00am
Nokia says UK High Court rules for it versus IPCom

Nokia says UK High Court rules for it versus IPCom

The world's top mobile phone maker Nokia said on Monday the UK High Court had ruled in its favour in a patent dispute with IPCom, and it would now seek to recoup legal costs of the case from the German firm. "This is an important decision, as it is not po
Published 19 Jan, 2010 12:00am
Rise in Swedish unemployment eases-labour board

Rise in Swedish unemployment eases-labour board

Sweden's jobless rate nudged higher in December to 9.0 percent from 8.7 percent the previous month, Sweden's labour board said on Monday, but added that the quick rise in unemployment was starting to ease up. The Nordic economy has been hit hard by the gl
Published 19 Jan, 2010 12:00am
ISE index down 13.16 points

ISE index down 13.16 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 13.16 points as the ISE Ten Index moved from 2,362.64 to 2,349.48
Published 19 Jan, 2010 12:00am
ISE index down 13.16 points

ISE index down 13.16 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 13.16 points as the ISE Ten Index moved from 2,362.64 to 2,349.48
Published 19 Jan, 2010 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both ways on Lahore Stock Exchange on Monday and closed in red zone amid descending transaction volume on account of lack of buying support and profit taking in blue chips. The LSE-25 index declined by 15.39 points and ended at 3085.64 poin
Published 19 Jan, 2010 12:00am
FBI reviews cases where flawed evidence used

FBI reviews cases where flawed evidence used

Three people convicted of murder have been released from prison because their cases were tainted by a now discredited theory that bullets found at a crime scene could be linked to bullets found in possession of suspects. Nearly five years after the FBI ab
Published 19 Jan, 2010 12:00am
More worries over military orders at EADS

More worries over military orders at EADS

Defence group EADS on Monday said it may freeze its drone project if European governments don't commit funds, even as it faces a funding stand-off with the same nations over its delayed military plane project. In an interview with Financial Times Deutschl
Published 19 Jan, 2010 12:00am
China banks should lend according to real demand: CBRC

China banks should lend according to real demand: CBRC

China's bank regulator said on Monday banks need to control the pace of lending and mind credit quality, after loan growth in 2009 blew past government targets. "Banks must lend based on the effective demand from the real economy and control the pace of l
Published 19 Jan, 2010 12:00am
Progress made by Pakistan in Swat impressive: US

Progress made by Pakistan in Swat impressive: US

US special envoy to Pakistan and Afghanistan Richard Holbrooke said on Monday that he was impressed with the progress made by Pakistan in Swat. "I was in Swat a few days ago and I was very impressed with the progress and they have done things in South Waz
Published 19 Jan, 2010 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (January 18, 2010).

Published 19 Jan, 2010 12:00am
Progress made by Pakistan in Swat impressive: US

Progress made by Pakistan in Swat impressive: US

US special envoy to Pakistan and Afghanistan Richard Holbrooke said on Monday that he was impressed with the progress made by Pakistan in Swat. "I was in Swat a few days ago and I was very impressed with the progress and they have done things in South Waz
Published 19 Jan, 2010 12:00am
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