News Archives for Print - 2010-04-02

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

To discourage under-valuation: government seeks powers to purchase property compulsorily

The federal government is planning to obtain powers for compulsorily purchasing property massively under-declared in terms of value or where the transactions are carried out at exceptionally low deputy commissioner (DC rates), from 2010-11. The Revenue Ad

Published 02 Apr, 2010 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

To discourage under-valuation: government seeks powers to purchase property compulsorily

The federal government is planning to obtain powers for compulsorily purchasing property massively under-declared in terms of value or where the transactions are carried out at exceptionally low deputy commissioner (DC rates), from 2010-11. The Revenue Ad

Published 02 Apr, 2010 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

Agreement termed 'good omen' for country

Prime Minister Syed Yousuf Raza Gilani held a meeting with PML-N chief Nawaz Sharif at the latter's Raiwind residence on Thursday and expressed the resolve to make the parliament sovereign. Sources told Business Recorder that various matters of nat

Published 02 Apr, 2010 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

Agreement termed 'good omen' for country

Prime Minister Syed Yousuf Raza Gilani held a meeting with PML-N chief Nawaz Sharif at the latter's Raiwind residence on Thursday and expressed the resolve to make the parliament sovereign. Sources told Business Recorder that various matters of nat

Published 02 Apr, 2010 12:00am

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 Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

Lahorites have won hearts: Gul

President Republic of Turkey Abdullah Gul has said that people of Lahore have won the hearts by giving them a rousing welcome. He also thanked Chief Minister Punjab Muhammad Shahbaz Sharif. He said that Turkey and Pakistan has strong historical and cultur

Published 02 Apr, 2010 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

Gul lays wreath at Allama Iqbal's grave

The President of Turkey Abdullah Gul here on Thursday paid a visit to mausoleum of Allama Iqbal and paid glowing tributes to the 'poet of the East'. He offered Fateha at mausoleum of the poet and prayed for strengthening of Pak-Turk relations. He termed I

Published 02 Apr, 2010 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

Turkey will continue making modest contribution to Pakistan's economy: Gul

Turkish President Abdullah Gul on Thursday said that Turkey would continue to make its modest contribution to Pakistan's economy and the well-being of its people, as it wished to see the country become stable, peaceful and prosperous.

Published 02 Apr, 2010 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

Draft to be tabled in both houses today: Zardari to address joint session on Monday

Advisor to Prime Minister and Parliamentary Committee on Constitutional Reforms (PCCR) Chairman Mian Raza Rabbani will table the draft of 18th Amendment Bill 2010, in both Houses of the Parliament, separately, on Friday. The Secretariat sources told Bu

Published 02 Apr, 2010 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

Draft to be tabled in both houses today: Zardari to address joint session on Monday

Advisor to Prime Minister and Parliamentary Committee on Constitutional Reforms (PCCR) Chairman Mian Raza Rabbani will table the draft of 18th Amendment Bill 2010, in both Houses of the Parliament, separately, on Friday. The Secretariat sources told Bu
Published 02 Apr, 2010 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

Swiss cases: law minister stumbling block: AG

The Supreme Court was informed on Thursday that the Federal Minister for Law and Justice Babar Awan is the stumbling block in reopening of the Swiss money laundering cases against President Asif Ali Zardari. "My hands are tied, I have no access to the rec
Published 02 Apr, 2010 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

Swiss cases: law minister stumbling block: AG

The Supreme Court was informed on Thursday that the Federal Minister for Law and Justice Babar Awan is the stumbling block in reopening of the Swiss money laundering cases against President Asif Ali Zardari. "My hands are tied, I have no access to the rec
Published 02 Apr, 2010 12:00am

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 02 Apr, 2010 12:00am

Mehsud tribes' safe return with dignity to be assured: CoAS

The Chief of Army Staff (CoAS) Ashfaq Pervaiz Kayani Thursday informed Mehsud tribes that he has fulfilled his promise of October 2009 to clear the area of terrorists and extremists and the tribes' safe return with dignity will be assured. In a letter to
Published 02 Apr, 2010 12:00am

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 02 Apr, 2010 12:00am

Mehsud tribes' safe return with dignity to be assured: CoAS

The Chief of Army Staff (CoAS) Ashfaq Pervaiz Kayani Thursday informed Mehsud tribes that he has fulfilled his promise of October 2009 to clear the area of terrorists and extremists and the tribes' safe return with dignity will be assured. In a letter to
Published 02 Apr, 2010 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (April 01, 2010).

Published 02 Apr, 2010 12:00am

SocGen probing 'anomalies' in Singapore account

French bank Societe Generale is investigating "anomalies" found in a client account overseen by one of its private bankers in Singapore, a Paris-based spokesman for the bank said on Thursday. SocGen, which has been looking to fight back after suffering re
Published 02 Apr, 2010 12:00am

New York cotton

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

Published 02 Apr, 2010 12:00am

US slaps sanctions on al Qaeda-linked terrorists

The United States has imposed new sanctions on a close associate of Osama bin Laden's al Qaida network who helped smuggle foreign fighters into Iraq, and a German jailed for plotting to bomb American military personnel in Germany.
Published 02 Apr, 2010 12:00am

New York cotton

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

Published 02 Apr, 2010 12:00am

Arab states urged to be open on water scarcity

People in the Arab world need fuller and freer information about shrinking water supplies but their governments are withholding it for fear of fuelling unrest, a United Nations expert said on Thursday. Arable land makes up just 4.2 percent of the Middle E
Published 02 Apr, 2010 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 02 Apr, 2010 12:00am

Banks'' refusal to provide finance to USC: TCP to purchase sugar from mills for USC

The banks refusal to extend Rs 25 billion financing to the Utility Stores Corporation (USC) for sugar procurement has compelled the government to give the task to Trading Corporation of Pakistan (TCP), sources close to Secretary Industries told Busines
Published 02 Apr, 2010 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 109,710 tonnes of cargo including 64,648 tonnes of import cargo; 45,062 tonnes of export cargo and 4,350 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 64,648 tonnes com
Published 02 Apr, 2010 12:00am

Banks' refusal to provide finance to USC: TCP to purchase sugar from mills for USC

The banks refusal to extend Rs 25 billion financing to the Utility Stores Corporation (USC) for sugar procurement has compelled the government to give the task to Trading Corporation of Pakistan (TCP), sources close to Secretary Industries told Busines
Published 02 Apr, 2010 12:00am

Kenyan tea closes mixed on Jodia Bazar

The trading in Kenyan tea closed mixed on Jodia Bazar here on Thursday. The following changes were noted.
Published 02 Apr, 2010 12:00am

Banks' refusal to provide finance to USC: TCP to purchase sugar from mills for USC

The banks refusal to extend Rs 25 billion financing to the Utility Stores Corporation (USC) for sugar procurement has compelled the government to give the task to Trading Corporation of Pakistan (TCP), sources close to Secretary Industries told Busines
Published 02 Apr, 2010 12:00am

Subdued business on grain market

Subdued activity was seen on the wholesale grain and seed market on Thursday as most of the participants were sidelined due to lack of interest in fresh buying, dealers said. On the grams side gram 50x50 low type was down by Rs 150 to Rs 4000 and best typ
Published 02 Apr, 2010 12:00am

Power tariff raise decision delayed

The government has delayed the decision regarding the six percent increase on power tariffs. According to a private news channel quoting sources of the Finance Ministry, the condition of six percent increase was a part to a standby programme of Internatio
Published 02 Apr, 2010 12:00am

Ukraine's March grain exports fall

Ukraine reduced its grain exports slightly to 1.218 million tonnes in March from 1.221 million in February, analyst UkrAgroConsult said on Thursday. The consultancy said in a statement the export of wheat totalled 527,400 tonnes in March. The shipments of
Published 02 Apr, 2010 12:00am

Power tariff raise decision delayed

The government has delayed the decision regarding the six percent increase on power tariffs. According to a private news channel quoting sources of the Finance Ministry, the condition of six percent increase was a part to a standby programme of Internatio
Published 02 Apr, 2010 12:00am

Russia's grain support prices lower

The Russian government has set support prices for 2010/11 grain purchases at levels lower than a year ago, when prices were higher, an order published by the Agriculture Ministry on Thursday showed. The government buys grain if prices decline and sells it
Published 02 Apr, 2010 12:00am

Power tariff raise decision delayed

The government has delayed the decision regarding the six percent increase on power tariffs. According to a private news channel quoting sources of the Finance Ministry, the condition of six percent increase was a part to a standby programme of Internatio
Published 02 Apr, 2010 12:00am

Chinese buyers seen cancelling soyaoil cargoes from Argentina

Chinese buyers will have to cancel almost all soyaoil cargoes from Argentina, totalling about 200,000 tonnes per month booked between May and July, as China retaliates against Argentina's anti-dumping measures over Chinese products, traders and analysts e
Published 02 Apr, 2010 12:00am

Karzai lashes out at West over Afghan elections

President Hamid Karzai accused the West on Thursday of trying to ruin Afghanistan's elections, intensifying a showdown with parliament over whether foreigners will oversee a parliamentary vote this year. Karzai's international reputation took a beating af
Published 02 Apr, 2010 12:00am

Oil cake market rates

Easier trend was seen on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The May contract had ended at Rs 996.80 and commenced with a fall of 20 paisa at Rs 996.60, dealers said. The new July vaida that closed at Rs
Published 02 Apr, 2010 12:00am

Aerial geological survey: government turns down US offer

Pakistan has turned down United States (US) offer of aerial geological survey to explore natural reserves due to security concerns, Business Recorder has learnt reliably. Sources said that the cabinet was informed on March 10 that the US government
Published 02 Apr, 2010 12:00am

Prices stable on cotton market

Firmness prevailed on the cotton market on Thursday as the mills came forward to cover the short position, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5475, dealers said. In the ready business over 4000 bales
Published 02 Apr, 2010 12:00am

Aerial geological survey: government turns down US offer

Pakistan has turned down United States (US) offer of aerial geological survey to explore natural reserves due to security concerns, Business Recorder has learnt reliably. Sources said that the cabinet was informed on March 10 that the US government
Published 02 Apr, 2010 12:00am

Cotton prices maintain steady stance

With just about 250,000 unsold bales left unsold with the ginners, lint prices are keeping a tighter disposition with hardly a hint for any bearish inclination. Traders see scant chance of any reduction in domestic lint prices because the bulk of the cott
Published 02 Apr, 2010 12:00am

Aerial geological survey: government turns down US offer

Pakistan has turned down United States (US) offer of aerial geological survey to explore natural reserves due to security concerns, Business Recorder has learnt reliably. Sources said that the cabinet was informed on March 10 that the US government
Published 02 Apr, 2010 12:00am

Cotton prices maintain steady stance

With just about 250,000 unsold bales left unsold with the ginners, lint prices are keeping a tighter disposition with hardly a hint for any bearish inclination. Traders see scant chance of any reduction in domestic lint prices because the bulk of the cott
Published 02 Apr, 2010 12:00am

Prices of mild steel bar up by Rs 10,000 per ton

The prices of mild steel bar have shot up by approximately Rs 10,000 per ton to around Rs 69,000 per ton in the wake of slow supply and soaring raw material prices in domestic markets. Industry sources told Business Recorder on Thursday that ship b
Published 02 Apr, 2010 12:00am

Canadian canola futures close lower

ICE Canadian canola futures closed lower on Wednesday as US agricultural futures stumbled due to a bearish US Department of Agriculture stocks data, traders said. Late canola rally seen spurred by exporter buying, helping nearby month avoid biggest percen
Published 02 Apr, 2010 12:00am

Prices of mild steel bar up by Rs 10,000 per ton

The prices of mild steel bar have shot up by approximately Rs 10,000 per ton to around Rs 69,000 per ton in the wake of slow supply and soaring raw material prices in domestic markets. Industry sources told Business Recorder on Thursday that ship b
Published 02 Apr, 2010 12:00am

India allows bulk users to import tax-free raw sugar

India, the world's top sugar consumer, has allowed bulk users to import raw sugar tax free until April 1, 2011, an official statement said on Thursday. Bulk users include soft drink, confectionery and biscuit producers who consume over one tonne of the sw
Published 02 Apr, 2010 12:00am

Prices of mild steel bar up by Rs 10,000 per ton

The prices of mild steel bar have shot up by approximately Rs 10,000 per ton to around Rs 69,000 per ton in the wake of slow supply and soaring raw material prices in domestic markets. Industry sources told Business Recorder on Thursday that ship b
Published 02 Apr, 2010 12:00am

US gold rises

US gold futures ended nearly 1 percent higher Wednesday on dollar weakness, and platinum group metals also rose sharply due to improving outlook for global auto demand. COMEX June settles up $8.80 at $1,114.50 an ounce. Range $1,103.10 to $1,119.90 - loft
Published 02 Apr, 2010 12:00am

Iraqi Airways resumes operation

The Iraqi Airways has restarted its operation in Pakistan after a long span of two decades, a private news channel reported on Thursday. The channel quoting the spokesman of Iraqi Embassy reported that the operation began for the first time after 1990. In
Published 02 Apr, 2010 12:00am

Gold ends steady in Asian trade

Gold gave up early gains on Thursday but held steady near its highest level in two weeks due to bargain hunting before a long Easter holiday break. Thai jewellers were active but physical dealers noted light selling by Gold hit an intraday high of $1,115.
Published 02 Apr, 2010 12:00am

Eight Bt cotton varieties approved for cultivation

Punjab Seed Council (PSC) has approved eight Bt Cotton varieties and one hybrid variety for cultivation in Punjab whereas two Bt varieties have been deferred. The approval was given at the 39th meeting of Punjab Seed Council, which was held here Wednesday
Published 02 Apr, 2010 12:00am

US rice sinks to nine-month low

US rice futures on the Chicago Board of Trade fell nearly 3 percent on Wednesday after the US Department of Agriculture forecast a larger-than-expected increase in 2010 plantings, traders said. Contract lows hit in all months. CBOT May ended down 36 cents
Published 02 Apr, 2010 12:00am

'Muslims will be once again in power in next 50 years'

Research Advisor Islamic Research and Training Institute (IRTI), Islamic Development Bank (IDB) Jeddah Dr Umar Chapra has said that Islam will once again become a blessing for mankind and will be a source of intellectual, moral and spiritual inspiration f
Published 02 Apr, 2010 12:00am

Tokyo rubber futures higher

Key Tokyo rubber futures rose on Thursday, extending a 12 percent gain made in the first quarter, helped by a weaker yen and higher oil prices. The key Tokyo Commodity Exchange rubber contract for September delivery closed Thursday up 5 yen at 313.3 yen p
Published 02 Apr, 2010 12:00am

Chances of electricity-reliant spinning units' survival becoming bleak

Chances of electricity-reliant spinning units' survival are becoming bleak with every passing day and the spinning circles believe that 50 percent of 125 Pepco-fed units are mostly like to close down in 2010. Out of about 125 Pepco-fed spinning units, som
Published 02 Apr, 2010 12:00am

New York sugar eases amid squaring

Raw sugar futures on ICE Futures US at 9:50 am EDT (1350 GMT). May raw sugar contract was down 2.68 percent, at 17.40 cents per lb, a 0.48 cent decline. Range lead down to 17.04, a two-day low, from 17.99 cent high. May volume came to 29,633 lots. Month-e
Published 02 Apr, 2010 12:00am

Jamaat-i-Islami welcomes signing of 18th Amendment draft

Jamaat-i-Islami Chief Syed Munawwar Hasan has welcomed the signing of draft of 18th Constitutional amendment by consensus by the Parliamentary Committee and has congratulated its chief Senator Raza Rabbani on the signing. Here on Thursday, he expressed ho
Published 02 Apr, 2010 12:00am

US soyabeans dip

US soyabean futures on the Chicago Board of Trade fell 3 percent on Wednesday on bearish US stocks data and news that a dockworkers' strike in Argentina was near an end, traders said. USDA's March 1 US stocks figure of 1.270 billion bushels was above the
Published 02 Apr, 2010 12:00am

US seeks action against Punjab-based militants

The United States on Thursday called on Pakistan to curb anti-Indian militants, praising Islamabad's recent efforts against extremism but saying it could do more to improve ties with New Delhi. Robert Blake, the assistant secretary of state for South Asia
Published 02 Apr, 2010 12:00am

Malaysian palm oil futures slip

Malaysia crude palm oil futures ended 0.5 percent lower on Thursday, due to a weaker Dalian soyoil market, but strong crude oil prices limited losses. The benchmark June crude palm oil contract on Bursa Malaysia Derivatives Exchange fell 13 ringgit to set
Published 02 Apr, 2010 12:00am

US seeks action against Punjab-based militants

The United States on Thursday called on Pakistan to curb anti-Indian militants, praising Islamabad's recent efforts against extremism but saying it could do more to improve ties with New Delhi. Robert Blake, the assistant secretary of state for South Asia
Published 02 Apr, 2010 12:00am

US copper drops

US copper futures finished the last trading day of the quarter with modest losses on Wednesday, as prices consolidated from this week's sharp rally and investors squared positions ahead of Friday's key government employment data. Copper for May delivery s
Published 02 Apr, 2010 12:00am

Shanghai copper surges

Shanghai copper hit a more than 2-1/2-month high on Thursday, catching up with London's price rally in the past two days after initial reluctance, but concerns of a sluggish physical market and liquidity weigh. Three-month copper on the London Metal Excha
Published 02 Apr, 2010 12:00am

Oil slides from 18-month high

Oil slipped on Thursday from the highest closing price in almost 18 months as investors liquidated positions ahead of the Easter holiday. US crude for May delivery fell 30 cents to $83.46 a barrel at 0555 GMT, after settling at $83.76 a barrel on Wednesda
Published 02 Apr, 2010 12:00am

Lufthansa, pilots clash over arbitration offer

Lufthansa and its pilots crossed swords on Thursday over the airline's offer of arbitration talks on pay to head off a planned four-day strike that could cost it tens of millions of euros. Pilots agreed to arbitration but refused to call off the strike un
Published 02 Apr, 2010 12:00am

US business loan demand drops, defaults rise

Small and medium-sized business borrowers in the United States showed signs of continued stress in February as the percentage of loans in default stayed at a two-year high, PayNet Inc reported on Thursday. Accounts behind 180 days or more, and unlikely ev
Published 02 Apr, 2010 12:00am

Nokia wins China deals worth over $2 billion

The world's largest mobile phone maker Nokia said on Thursday it had won handset deals with distributors in China worth over $2 billion. A spokesman said one agreement was with China PTAC, worth over $1 billion, and the other was with Telling Telecommunic
Published 02 Apr, 2010 12:00am

Islamic finance short on wealth management

Islamic banks are failing to cater for clients' wealth management and estate planning needs, pushing them to rely largely on traditional asset managers, said a report published by Bank Sarasin this week. Until very recently there were no dedicated Islamic
Published 02 Apr, 2010 12:00am

Unemployment to stay 'unacceptably high': Geithner

The US unemployment rate, currently at 9.7 percent, will remain "unacceptably high" for some time to come, US Treasury Secretary Timothy Geithner said on Thursday. "The unemployment rate is still terribly high and it's going to stay unacceptably high for
Published 02 Apr, 2010 12:00am

US jobless claims fall, March manufacturing surges

The number of US workers filing new claims for jobless aid fell last week and factory activity in March hit its highest level in more than 5-1/2 years, pointing to a continued expansion in the economy. The data on Thursday came a day before the release of
Published 02 Apr, 2010 12:00am

Factories crank up output as demand rises

Factories in the United States, Europe and Asia cranked up production last month, suggesting recovery from a deep recession was taking root in economies around the globe. The US manufacturing sector grew at its fastest pace in more than five years last mo
Published 02 Apr, 2010 12:00am

Australia trade deficit widens

Australia's trade deficit widened by a surprisingly big margin in February but largely because healthy domestic demand sucked in imports, underlining the country's relative resilience. The data did little to change a belief that the economy was set for a
Published 02 Apr, 2010 12:00am

IMF borrows 1.03 billion euros from Czech Republic

The International Monetary Fund said Wednesday it had signed an agreement with the Czech Republic to borrow up to 1.03 billion euros (1.4 billion dollars) to boost its lending capacity. The 27-nation EU initially pledged to contribute up to 75 billion eur
Published 02 Apr, 2010 12:00am

General Motors's US sales jump

General Motors said Thursday its overall March US sales jumped 20.6 percent from a year ago amid a sixth consecutive month of gains at its four core brands. "Our March results show continued progress toward our growth plan," said Susan Docherty, GM vice p
Published 02 Apr, 2010 12:00am

US extends tanker deadline to allow EADS bid: Pentagon

The Pentagon announced Wednesday it will extend the deadline for bidding on a contract for a new US aerial refuelling tanker, allowing more time for European aerospace giant EADS to bid on the lucrative deal. "If we receive formal notification from EADS o
Published 02 Apr, 2010 12:00am

India price rises weigh on industry, rate hike looms

Indian food price inflation snapped a three-week easing trend in late March and cost pressures dragged down the pace of manufacturing growth, reinforcing expectations for a second interest rate increase in as many months later in April. Government data al
Published 02 Apr, 2010 12:00am

Japanese business morale improves

Japanese business morale improved to the highest in more than a year but companies remain cautious about spending, a Bank of Japan survey showed, suggesting the government will not let up in its calls for more monetary easing. Expectations that raw materi
Published 02 Apr, 2010 12:00am

IMF, ratings agencies praise Irish 'bad bank' launch

Ireland's extensive support for its banks has been vital to maintaining financial stability, the International Monetary Fund said on Thursday, as ratings agencies praised decisions taken by the country's "bad bank" this week. An IMF spokesman said the fir
Published 02 Apr, 2010 12:00am

US finalises new auto fuel economy standards

The US government Thursday finalised new automobile fuel economy standards starting with 2012 models, a move officials said would save billions of barrels of oil and reduce greenhouse emissions. The rules announced by the Department of Transportation and
Published 02 Apr, 2010 12:00am

South Africa gets budget boost but PMI stumbles

South Africa ended its financial year with a smaller than expected budget deficit as its firms weathered the recession surprisingly well, though manufacturing activity stumbled in March, data showed on Thursday. The country's revenue agency (Sars) collect
Published 02 Apr, 2010 12:00am

EU probes complaint over Indian subsidies to its steel industry

The European Union on Thursday opened a probe into allegations of unfair Indian subsidies to its stainless steel makers, amid claims that they are hitting European producers. The European Commission proceedings, announced in the bloc's official journal, w
Published 02 Apr, 2010 12:00am

Indian car sales show strong annual growth

India's carmakers on Thursday said sales for the financial year ended March were robust, as demand improved due to government stimulus packages, cheap loans and new model launches. Demand for cars has been on the rise in Asia's third-largest automobile ma
Published 02 Apr, 2010 12:00am

USTR takes aim at China in trade barrier reports

China retains a raft of non-tariff barriers, including tax rebates and quotas, that discriminate against foreign manufactured and farm goods, the US Trade Representative's office said on Wednesday in its annual report to the US Congress.
Published 02 Apr, 2010 12:00am

Russia needs amicable deal with YUKOS

Russia will likely try to settle with former owners and managers at defunct oil firm YUKOS after latest court actions showed the Kremlin could face asset seizures in Europe and the US, an EU law specialist said. Former YUKOS managers, creditors and shareh
Published 02 Apr, 2010 12:00am

Brazil trade surplus rises

Brazil posted a lower-than-expected trade surplus of $668 million in March, compared with a surplus of $394 million in February, the trade ministry said on Thursday. The country was expected to report a surplus of $800 million last month, according to the
Published 02 Apr, 2010 12:00am

Toyota brand sales up 50.7 percent in Japan in March

Japan sales of the Toyota Motor jumped 50.7 percent from the previous year in March, an industry group said Thursday, despite the carmaker being hit by mass global safety recalls this year. Toyota sold 204,514 vehicle luxury Lexus brand cars nearly triple
Published 02 Apr, 2010 12:00am

South Korea exports, inflation data backs policy view

South Korea's export growth lost some of its momentum in March while inflation unexpectedly slowed to a 5-month low, reinforcing expectations interest rates will stay at a record low for some time. Bond prices, stocks and the currency all rose as a series
Published 02 Apr, 2010 12:00am

French, Japanese car sales up on scrappage schemes

French and Japanese car sales rose in March, as government incentives boosted demand, while South Koreas's Hyundai Motor racked up impressive sales growth despite the end of subsidies in its home market. Carmakers have benefited from government scrapping
Published 02 Apr, 2010 12:00am

Goldman Sachs lowers March US payrolls forecast

Goldman Sachs lowered its forecast for the March US payrolls report to a gain of 200,000 jobs from its previous expectation of a 275,000 rise, Edward McKelvey, an economist with the firm, said on Thursday. The March payrolls report, due at 8:30 am (1230 G
Published 02 Apr, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 18	277.93
USD PKR Interbank Buying / Nov 18	277.73
USD to Japanese Yen / Nov 18	154.71
USD to Swiss Franc / Nov 18	0.89
Pound Sterling to USD / Nov 18	1.26
Euro to USD / Nov 18	1.05

Stock	Volume
S&P 500 / Nov 15	5,870.62
Nasdaq / Nov 15	18,680.12
Dow Jones / Nov 15	43,444.99
India Sensex / Nov 18	77,426.82
Tokyo Nikkei / Nov 18	38,220.85
Hang Seng / Nov 18	19,562.62
FTSE 100 / Nov 18	8,080.78
Germany DAX 30 / Nov 18	19,274.60

Item	Value
Crude Oil USD/Barrel / Nov 18	67.17
Karachi Cotton PKR/37.32 KG / Nov 18	18,085
Gold 10 Grams PKR / Nov 18	231,396
Gold Spot USD/Ounce / Nov 18	2,583.36
Cotton US¢/pound / Nov 18	69.03
Petrol/Litre / Nov 19	248.38

Stock	Price
786 Invest Ltd / Nov 19 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 19 Al-Abbas Sugar Mills Limited(AABS)	608.12 ▼ 0.00 (0.00%)
Agro Allianz / Nov 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 19 Ali Asghar Textile Mills Limited(AATM)	61.62 ▼ 0.00 (0.00%)
Allied Bank / Nov 19 Allied Bank Limited(ABL)	114.96 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 19 Abbott Laboratories (Pakistan) Limited(ABOT)	1,000.66 ▼ 0.00 (0.00%)
Abson Ind. / Nov 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 19 Alfalah Consumer Index ETF.(ACIETF)	12.40 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 19 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 19 Al-Abbas Sugar Mills Limited(AABS)	608.12 ▲ 0.00 (0.00%)
Agro Allianz / Nov 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 19 Ali Asghar Textile Mills Limited(AATM)	61.62 ▲ 0.00 (0.00%)
Allied Bank / Nov 19 Allied Bank Limited(ABL)	114.96 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 19 Abbott Laboratories (Pakistan) Limited(ABOT)	1,000.66 ▲ 0.00 (0.00%)
Abson Ind. / Nov 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 19 Alfalah Consumer Index ETF.(ACIETF)	12.40 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 19 Hascol Petroleum Limited(HASCOL)	85,137,088 ▲ 0.00
Fauji Foods Ltd / Nov 19 Fauji Foods Limited(FFL)	60,498,160 ▲ 0.00
K-Electric Ltd. / Nov 19 K-Electric Limited(KEL)	58,382,098 ▲ 0.00
Sui South Gas / Nov 19 Sui Southern Gas Company Limited(SSGC)	48,775,225 ▲ 0.00
P.T.C.L. / Nov 19 Pakistan Telecommunication Company Ltd(PTC)	38,829,416 ▲ 0.00
Waves Home Appliances / Nov 19 Waves Home Appliances Limited(WAVESAPP)	28,407,159 ▲ 0.00
WorldCall Telecom / Nov 19 Worldcall Telecom Limited(WTL)	25,563,816 ▲ 0.00
Sui North Gas / Nov 19 Sui Northern Gas Pipelines Limited(SNGP)	19,101,475 ▲ 0.00
Treet Battery / Nov 19 Treet Battery Limited(TBL)	19,069,391 ▲ 0.00

Most Popular