News Archives for Print - 2010-04-11

Karachi chemicals and dyes market rates

Chemicals and dyes market rates in rupees on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

IP gas line project: no pressure from any country: foreign office

Pakistan on Saturday said it had no pressure from any country over Iran-Pakistan gas pipeline project and it was progressing well. Foreign Office Spokesman Abdul Basit told media here in weekly briefing the project was having significance for Pakistan as

Published 11 Apr, 2010 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

IP gas line project: no pressure from any country: foreign office

Pakistan on Saturday said it had no pressure from any country over Iran-Pakistan gas pipeline project and it was progressing well. Foreign Office Spokesman Abdul Basit told media here in weekly briefing the project was having significance for Pakistan as

Published 11 Apr, 2010 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

IP gas line project: no pressure from any country: foreign office

Pakistan on Saturday said it had no pressure from any country over Iran-Pakistan gas pipeline project and it was progressing well. Foreign Office Spokesman Abdul Basit told media here in weekly briefing the project was having significance for Pakistan as

Published 11 Apr, 2010 12:00am

Karachi Plastic/Urea Moulding Compounds Rates

Karachi Plastic/Urea Moulding Compounds Rates on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

Sindh organises investment conference: Hafeez urges provinces to improve systems

The Advisor to Prime Minister on Finance, Dr Abdul Hafeez Shaikh, said on Saturday that foreign and local investments were unlikely to pour unless the provinces made their systems and procedures better. In a few minutes of video conference from Islamabad

Published 11 Apr, 2010 12:00am

Grain market rates

Karachi grain market rates in rupees on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

Sindh organises investment conference: Hafeez urges provinces to improve systems

The Advisor to Prime Minister on Finance, Dr Abdul Hafeez Shaikh, said on Saturday that foreign and local investments were unlikely to pour unless the provinces made their systems and procedures better. In a few minutes of video conference from Islamabad

Published 11 Apr, 2010 12:00am

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

Sindh organises investment conference: Hafeez urges provinces to improve systems

The Advisor to Prime Minister on Finance, Dr Abdul Hafeez Shaikh, said on Saturday that foreign and local investments were unlikely to pour unless the provinces made their systems and procedures better. In a few minutes of video conference from Islamabad

Published 11 Apr, 2010 12:00am

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

KESC pays Rs 15 billion to Wapda

The Karachi Electric Supply Company (KESC) on Saturday paid around Rs 15 billion dues to the Water and Power Development Authority (Wapda), out of Rs 28 billion which it owed to the latter. According to official sources, the remaining Rs 13 billion dues w

Published 11 Apr, 2010 12:00am

Rates of spices and other allied commodities

Rates of spices and other allied commodities in rupees prevailing on the commodity markets in Karachi on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

KESC pays Rs 15 billion to Wapda

The Karachi Electric Supply Company (KESC) on Saturday paid around Rs 15 billion dues to the Water and Power Development Authority (Wapda), out of Rs 28 billion which it owed to the latter. According to official sources, the remaining Rs 13 billion dues w

Published 11 Apr, 2010 12:00am

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

KESC pays Rs 15 billion to Wapda

The Karachi Electric Supply Company (KESC) on Saturday paid around Rs 15 billion dues to the Water and Power Development Authority (Wapda), out of Rs 28 billion which it owed to the latter. According to official sources, the remaining Rs 13 billion dues w

Published 11 Apr, 2010 12:00am

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

Import of 50,000 tons of urea: TCP awards tender to Dubai-based supplier

The Trading Corporation of Pakistan (TCP) on Saturday awarded the second urea import tender of 50,000 tons to a Dubai-base supplier at a lowest price of $304.40 per ton. In pursuance of the Economic Co-ordination Committee (ECC) of the Cabinet decision to

Published 11 Apr, 2010 12:00am

Education City Evolution of a Vision - Investing in Education

Education City is located in Deh Chuhar, Gadap Town about 50 kilometers north-east of Karachi. As the Education City develops, Karachi will also serve as an intellectual hub of knowledge and research activities as well as the 'economic engine' of the Prov

Published 11 Apr, 2010 12:00am

Long US dollar bets reduced in latest week

Currency speculators decreased their bets on the US dollar in the latest week, according to Commodity Futures Trading Commission (CFTC) data released on Friday. The value of the dollar's net long position totalled $9.35 billion in the week ended April 6,

Published 11 Apr, 2010 12:00am

Wall Street climbs, Dow touches 11,000

US stocks rose on Friday with the Dow surpassing 11,000 for the first time in a year-and-a-half after Chevron's upbeat outlook and wholesale inventories data reinforced bets on an improving economy. The S&P energy sector, up 1.1 percent, led the market's

Published 11 Apr, 2010 12:00am

China bill, bond yields soar

Chinese bill and bond yields mostly rose on Friday as the finance ministry failed to sell out its auctions of short-term bills, reflecting concerns about future inflation and tightening of monetary policy. The central bank's three-year bills had fetched a

Published 11 Apr, 2010 12:00am

China bill, bond yields soar

Chinese bill and bond yields mostly rose on Friday as the finance ministry failed to sell out its auctions of short-term bills, reflecting concerns about future inflation and tightening of monetary policy. The central bank's three-year bills had fetched a

Published 11 Apr, 2010 12:00am

Jakarta local bonds extend gains

Indonesian local bonds extended gains on Friday after the government's successful debt swap kept demand strong for the country's high-yielding securities. The yield on the benchmark 10-year government bonds fell 7 basis points to 8.91 percent, the lowest

Published 11 Apr, 2010 12:00am

Jakarta local bonds extend gains

Indonesian local bonds extended gains on Friday after the government's successful debt swap kept demand strong for the country's high-yielding securities. The yield on the benchmark 10-year government bonds fell 7 basis points to 8.91 percent, the lowest

Published 11 Apr, 2010 12:00am

Brazilian stocks edge down, yields gain

Stocks in Brazil fell on Friday as traders took profits from a jump in the previous session and lower crude prices hit shares in state oil company Petrobras. The benchmark Bovespa index of the Sao Paulo stock exchange dipped 0.51 percent to 71,417.27 afte

Published 11 Apr, 2010 12:00am

Turkish assets rally; bonds fall, stocks up

Turkey's lira firmed against the dollar and bond yields fell below 9 percent on Friday, as Greece and the euro zone's continued woes boosted the lustre of Turkey's recovering economy and higher-yielding currency. The stock market closed at a historic high

Published 11 Apr, 2010 12:00am

Treasuries higher

US Treasury prices rose on Friday as possible aid for Greece failed to alley fears about its fiscal woes and traders raised bets long-dated bonds will fare better than short-dated debt. Investors sought the safety of lower-risk US government debt given th

Published 11 Apr, 2010 12:00am

Treasuries higher

US Treasury prices rose on Friday as possible aid for Greece failed to alley fears about its fiscal woes and traders raised bets long-dated bonds will fare better than short-dated debt. Investors sought the safety of lower-risk US government debt given th

Published 11 Apr, 2010 12:00am

Canadian bonds surge

Canadian bond prices rose on Friday after the jobs report in a knee-jerk reaction, but quickly came off their highs, Strauss said. As well, TD's Mulraine said prices also got support from underlying concerns about Greece's debt woes.

Published 11 Apr, 2010 12:00am

Canadian bonds surge

Canadian bond prices rose on Friday after the jobs report in a knee-jerk reaction, but quickly came off their highs, Strauss said. As well, TD's Mulraine said prices also got support from underlying concerns about Greece's debt woes.

Published 11 Apr, 2010 12:00am

SKS to set stage for more microfinance IPOs in India

An initial public offer by India's SKS Microfinance is likely to set the stage for more such offers in the world's largest microlending market, but it has also sparked a debate on the ethics of profiting from the poor. The IPO, a first in India and one of

Published 11 Apr, 2010 12:00am

US corporate bonds spreads firm

US corporate bond spreads were unchanged to slightly tighter on Friday as upbeat economic data and reports of a possible rescue for Greece lifted stocks, improving appetite for riskier bonds. Worries about a deepening debt crisis in Greece had weighed on

Published 11 Apr, 2010 12:00am

US corporate bonds spreads firm

US corporate bond spreads were unchanged to slightly tighter on Friday as upbeat economic data and reports of a possible rescue for Greece lifted stocks, improving appetite for riskier bonds. Worries about a deepening debt crisis in Greece had weighed on

Published 11 Apr, 2010 12:00am

Metals, economic recovery pull Canadian stocks higher

Toronto's main stock index finished a volatile week higher on Friday with broad gains backed by a rise in the price of key metals and optimism that Canada's economic recovery is on track. The index's materials group rose 1.13 percent as gold hit its highe

Published 11 Apr, 2010 12:00am

Indian bond yield jumps

India's 10-year bond yield on Friday hit its highest in three weeks after the new fiscal year's first federal debt auction showed weak demand for the benchmark security. The yield on the 10-year bond ended at 8.01 percent, from its previous close of 7.86

Published 11 Apr, 2010 12:00am

Indian bond yield jumps

India's 10-year bond yield on Friday hit its highest in three weeks after the new fiscal year's first federal debt auction showed weak demand for the benchmark security. The yield on the 10-year bond ended at 8.01 percent, from its previous close of 7.86

Published 11 Apr, 2010 12:00am

Emerging Markets: LatAm stocks up

Latin American stocks and currencies mostly gained on Friday on hopes that Greece is close to receiving financial support from euro zone members, easing a major source of concern for global investors. Steady appetite for yield encouraged Peru to announce

Published 11 Apr, 2010 12:00am

Emerging Markets: LatAm stocks up

Latin American stocks and currencies mostly gained on Friday on hopes that Greece is close to receiving financial support from euro zone members, easing a major source of concern for global investors. Steady appetite for yield encouraged Peru to announce

Published 11 Apr, 2010 12:00am

Obama showcases advantages of stimulus tax benefits

US President Barack Obama on Saturday stressed the importance of tax benefits offered by his 787-billion-dollar economic stimulus plan that was enacted last year in the hope of boosting the US economy. Administration officials say one-third of the stimulu

Published 11 Apr, 2010 12:00am

Slow-healing US job market to stay Fed's hand: poll

The US economy will grow steadily through 2011, although not swiftly enough to restore even half the jobs lost in the recession, according to a monthly survey of economists released on Saturday. While the overwhelming majority of those polled in the Blue

Published 11 Apr, 2010 12:00am

Iraq and Turkey trade up 50 percent

Trade between Turkey and Iraq increased by 50 percent to nine billion dollars in 2009, an Ankara official told reporters on Saturday in Arbil, capital of Iraq's autonomous northern region. "The volume of commercial exchange between Iraq and Turkey in 2009

Published 11 Apr, 2010 12:00am

US sets hefty final duties on China steel pipe

The United States on Friday set final anti-dumping duties ranging from 30 percent to 99 percent on more than $1 billion of Chinese-made steel pipe in one of the biggest US trade cases on record. The Commerce Department announcement came days before Chines

Published 11 Apr, 2010 12:00am

Bangladesh garment exporter blames government for loss of US market share

Bangladesh's garment exports to the United States fell 4.5 percent last year because major competitors were able to cut prices while Bangladesh exporters had to raise prices in the absence of government support during the financial crisis, a leading expor

Published 11 Apr, 2010 12:00am

Bharti to work with Ericsson, Nokia Siemens on 3G

Leading Indian telecommunications carrier Bharti Airtel will work with its existing equipment suppliers when it builds its 3G mobile network following a long-delayed auction, a top executive said. Rajan Bharti Mittal, a director on the company's board,

Published 11 Apr, 2010 12:00am

Regulators seize small South Carolina bank

A small South Carolina bank failed on Friday, bringing the year tally to 42 so far, as regulators continue to clean up the wreckage from the severe banking crisis meltdown. The Federal Deposit Insurance Corp said Beach First National Bank, of Myrtle Beach

Published 11 Apr, 2010 12:00am

Saudis, Vietnam mull rice cultivation, oil refining deals

Vietnam will sign an agreement with Saudi Arabia to encourage Saudi Aramco to invest in two refineries to be built in the Asian country, and welcomed Saudi firms' interest in investing in rice cultivation in Vietnam.

Published 11 Apr, 2010 12:00am

Google, Apple rivalry heats up

Google is the undisputed king when it comes to raking in advertising dollars on the Internet. But Apple wants the crown when it comes to ads on mobile devices. The mobile advertising space is shaping up as the latest battleground in an increasingly testy

Published 11 Apr, 2010 12:00am

China posts first trade deficit since 2004

China recorded its first monthly trade deficit in six years, but a customs official called the shortfall a blip and economists doubted it would stand in the way of a resumption in the yuan's rise before long. China's $7.24 billion deficit in March, the fi

Published 11 Apr, 2010 12:00am

Eurozone to see moderate, uneven recovery: Trichet

ECB President Jean Claude Trichet said on Saturday the eurozone would see a moderate and uneven recovery this year, but the pace of withdrawing extraordinary ECB support depended on medium-term perspectives.

Published 11 Apr, 2010 12:00am

Iraq's central bank cuts rate to six percent

Iraq's central bank slashed its base interest rate by 100 basis points to 6 percent from 7 percent as of April 1 in reaction to subdued inflation, a senior advisor at the bank told Reuters on Saturday. The bank's website said that the rate change was effe

Published 11 Apr, 2010 12:00am

Eurozone FMs, ECB, Commission hold talks on Greece

Euro-zone finance ministers, the European Central Bank and the European Commission will hold a teleconference on Sunday to further detail how a safety net for debt-stricken Greece would work, European officials said on Saturday.

Published 11 Apr, 2010 12:00am

Egyptian court upholds block on France Telecom buy of Mobinil

An Egyptian court has upheld an earlier ruling to disallow France Telecom to purchase outstanding shares in the Egyptian Company for Mobile Services (ECMS), known by its Mobinil trade name. The firm is the focus of a protracted dispute between France Tele

Published 11 Apr, 2010 12:00am

Oil spikes above 87 dollars, gold shines amid Greek crisis

Oil hit a fresh 18-month peak last week on mounting optimism about a US-led global economic recovery, while safe-haven gold sparkled amid heightened concerns about the Greek debt crisis. "Oil prices are consolidating in their new trading range, having ris

Published 11 Apr, 2010 12:00am

New York cocoa dips

US cocoa futures closed slightly lower Friday, as the market awaited key grind data next week while position rolling out of the May contract boosted volume, dealers said. Benchmark July contract dropped $12 to finish at $2,877 per tonne. July traded from

Published 11 Apr, 2010 12:00am

US soyabean futures higher

US soyabean futures on the Chicago Board of Trade closed mostly higher Friday on a lower-than-expected US soya ending stocks figure in USDA's April supply demand report, traders said. Nearby, old-crop contracts in soyabeans and soyameal gained on deferred

Published 11 Apr, 2010 12:00am

New York sugar ends firms

Raw sugar futures closed firmer Friday on modest investor buying partly inspired by the soft dollar, but the market was again down on the week for the 8th week running, brokers said. The May raw sugar contract increased 0.47 cent to end at 16.39 cents per

Published 11 Apr, 2010 12:00am

Falling cotton stocks to boost prices

Cotton prices are seen powering higher because world cotton stocks have shrunk and there is not enough fiber if major producing countries run into growing problems, the president of Allenberg Cotton Co said on Friday. "The upside (in cotton futures) is ex

Published 11 Apr, 2010 12:00am

US rice gains

Rough rice futures on the Chicago Board of Trade rallied nearly 1.5 percent on Friday and set a one-month high on bullish stocks data in the US Department of Agriculture's April supply-demand report, traders said. May rice ended up 19 cents at $13.19 per

Published 11 Apr, 2010 12:00am

US gold rises

US gold futures rose to a four-month high on Friday as the combination of safe-haven demand related to Greece's debt crisis and strong demand from exchange-traded funds boosted the metal. COMEX June settles up $9 at $1,161.90 an ounce. Range $1,150.40 to

Published 11 Apr, 2010 12:00am

US copper settles up

US copper futures ended up but away from their session peaks on Friday, after mixed signals surrounding Greece's debt crisis and impending Chinese import data prompted some week-end profit taking near recent 20-month highs. Copper for May delivery rose 0.

Published 11 Apr, 2010 12:00am

New York coffee lower

Arabica coffee futures closed at a 3-week low Friday, on investor and fund selling, pushing the market through key support and making room for more to the downside, traders said. May arabica coffee futures fell 2 cents or 1.5 percent to finish at $1.3270

Published 11 Apr, 2010 12:00am

Brazil-US cotton deal buys peace, but can it last?

The United States has escaped punishing trade sanctions and bought some peace in a long trade war over cotton subsidies, but it remains to be seen whether Brazil will be satisfied with the remedy. The pragmatic - but tentative - fix announced this week by

Published 11 Apr, 2010 12:00am

Canadian canola futures higher

ICE Canadian canola futures closed higher on Friday following stronger US soya futures, traders said. Light farmer selling kept commercial hedge pressure modest. Crushers buying as dollar slightly declines. Bullish bias seen for next week as farmers begin

Published 11 Apr, 2010 12:00am

US corn futures down

US corn futures closed lower on Friday as forecasts for beneficial planting weather next and growing world supplies weighed on prices. CBOT May was down 2-1/2 at $3.45-3/4 per bushel. Funds sold 3,000 lots. USDA reported US 2009/10 corn ending stocks at 1

Published 11 Apr, 2010 12:00am

HRW wheat bids steady

Hard red winter wheat basis bids in the US Plains were mostly steady on Friday, with the market quiet aside from some spot firming. Basis bids were flat in many markets, but merchants reported a "basis war" in south-western Oklahoma where a new train load

Published 11 Apr, 2010 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 147,874 tonnes of cargo including 120,175 tonnes of import cargo; 27,699 tonnes of export cargo and 2,980 loaded and empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 120,175 tonnes c

Published 11 Apr, 2010 12:00am

Iran to resume wheat exports this year

Iran expects to resume wheat exports this year after a halt lasting three years, the semi-official Mehr News Agency reported on Saturday, citing a senior official. It appeared to refer to the current Iranian year, which ends in March 2011. Iran had said i

Published 11 Apr, 2010 12:00am

US soyabean premiums weaker

US soyabean export premiums at the Gulf of Mexico were weaker on Friday amid a lack of demand, while corn premiums held steady and wheat premiums were steady to softer, traders said. US soyabean premiums down in the week as demand is seasonally slow amid

Published 11 Apr, 2010 12:00am

Dry weather helps Argentine soya harvest

Argentine farmers made brisk progress on the 2009/10 soya harvest this week due to dry weather in the main crop belt, the Agriculture Ministry said in a report on Friday. The ministry estimates this season's crop at a record of between 51 million and 55 m

Published 11 Apr, 2010 12:00am

Fluctuations seen on grain market

Prices moved both ways on the wholesale grain and oilseed market on Saturday in process of trading, dealers said. On the cereals side moong Sindh was higher by Rs 500 to Rs 7000 and masoor Canada followed the same pattern and gained Rs 200 to Rs 7800.

Published 11 Apr, 2010 12:00am

Cotton prices hit high mark at Rs 5,975 in tight supplies

Rates hit the new high on the cotton market on Saturday as the ginners raised the asking prices due to falling unsold stock, dealers said. The Karachi Cotton Association (KCA) official spot rate was inert at Rs 5,625, dealers said. In the ready business a

Published 11 Apr, 2010 12:00am

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Saturday amid slow supply, dealers said. The May contract had ended at Rs 997.70 and it started with a slight rise of 50 paisa at Rs 998.20, dealers said. The new July vaida that closed at

Published 11 Apr, 2010 12:00am

Plastic mouldings close mixed on Jodia Bazar

The trading in plastic mouldings compounds closed mixed on Jodia Bazar here on Saturday. The following changes were noted.

Published 11 Apr, 2010 12:00am

Message from President Islamic Republic of Pakistan

I am pleased to learn that Sindh Board of Investment, Government of Sindh, has organised the Sindh Board of Investment Conference today to bring together all the stakeholders and key players of the economy for a discussion on the opportunities for investm

Published 11 Apr, 2010 12:00am

Prime Minister Islamic Republic of Pakistan

I congratulate provincial administration for organising Sindh Board of Investment Conference on April 9, 2010 in Karachi. Sindh is a land of opportunities, its strong agriculture base, rich mineral resources, 250 km coastline, a strong industrial network,

Published 11 Apr, 2010 12:00am

Governor Sindh

Sindh, with its numerous competitive advantages, becomes an obvious choice for investors. Sindh's wealth of natural resources, its strategic location and its well-developed industrial, financial and telecommunication sectors have all the ingredients for a

Published 11 Apr, 2010 12:00am

Chief Minister Sindh & Chairman Sindh Board of Investment

Sindh Government attaches high priority to Investment facilitation, which it believes would take the province to path of the progress where it achieves its true economic potential. The creation of Sindh Board of Investment is the manifestation of Sindh Go

Published 11 Apr, 2010 12:00am

Advisor to Prime Minister on Finance

Today, it gives me immense pleasure to congratulate Government of Sindh to hold Sindh Investment Conference 2010 under the auspices of Sindh Board of Investment. Establishment of SBI clearly shows the Government's resolve to promote investment friendly po

Published 11 Apr, 2010 12:00am

Minister of State & Chairman Pakistan Board of Investment

It is an occasion of honour for the province of Sindh, on the organisation of 'Sindh Investment Conference' by the Board of Investment, Government of Sindh, we support every effort made by Sindh in the promotion of investment in the province.

Published 11 Apr, 2010 12:00am

Message from Secretary, Ministry of Industries and Production

Successful emerging economies are following sustainable strategies for their industrial development. The key to their rapid progress lies in the structural changes commensurate with their competitive or comparative advantage. This has provided a big boost

Published 11 Apr, 2010 12:00am

Minister Industries & Commerce Government of Sindh

I am extremely delighted to learn that Sindh Board of Investment is organising 'Investment Conference', which it is hoped, will highlight the true potential of Sindh and serve as source of attracting sizeable investment.

Published 11 Apr, 2010 12:00am

Vice Chairman, Sindh Board of Investment & Advisor to CM Sindh on Investment

Sindh is the most resilient and attractive investment destination for international and local investors. With Karachi - the financial capital of Pakistan, being nucleus of headquarters of major banks, financial institutions and business houses, having lar

Published 11 Apr, 2010 12:00am

Secretary Investment & Director General, Sindh Board of Investment

The mother of the great Indus Civilisation, River Indus, locally known as Sindhu, gives the Province of Sindh its name. The cities of Sindh have remained prominent centers of Trade and Industry in the region, throughout the history. River Indus not only i

Published 11 Apr, 2010 12:00am

Next three years earmarked for people of Pakistan: Prime Minister

Having made the history by getting the 18th constitutional amendment passed from the parliament, our next priority is people of Pakistan and the next budget would articulate this resolve, said Prime Minister Syed Yusuf Raza Gilani on Saturday during a bri

Published 11 Apr, 2010 12:00am

The Sindh Economy - Courtesy by Invest Bank

It gives me great pleasure to welcome the honourable members of the global and national fraternity of businessmen and investors to Sindh Investment Conference 2010. Nucleus of major banks, financial institutions and business houses, Karachi is the financi

Published 11 Apr, 2010 12:00am

Next three years earmarked for people of Pakistan: Prime Minister

Having made the history by getting the 18th constitutional amendment passed from the parliament, our next priority is people of Pakistan and the next budget would articulate this resolve, said Prime Minister Syed Yusuf Raza Gilani on Saturday during a bri

Published 11 Apr, 2010 12:00am

National Industrial Parks

Infrastructure development work on Korangi Creek Industrial Park (KCIP), a project launched by the National Industrial Parks Development and Management Company (NIP) is in full swing. The project, commercially launched just over a month ago has been recei

Published 11 Apr, 2010 12:00am

Azm-e-Nau-3 starts: troops carry out dispersal techniques

The country's ever largest and comprehensive military exercises "Azm-e-Nau-3" started here on Saturday on the eastern borders with the demonstration of 'Dispersal Techniques' by the troops in 'battle-like' situation. The exercises, to continue till May 15

Published 11 Apr, 2010 12:00am

Sindh - the regional powerhouse of the future

With the potential of becoming powerhouse for the region, Sindh has 185 billion tons of coal reserves in Thar, Badin, Sonda and Lakhra. The Federal and Provincial Governments are placing a very high priority to its development and Thar Coal field is now e

Published 11 Apr, 2010 12:00am

Azm-e-Nau-3 starts: troops carry out dispersal techniques

The country's ever largest and comprehensive military exercises "Azm-e-Nau-3" started here on Saturday on the eastern borders with the demonstration of 'Dispersal Techniques' by the troops in 'battle-like' situation. The exercises, to continue till May 15

Published 11 Apr, 2010 12:00am

Sindh - the regional powerhouse of future

Province of Sindh is endowed with huge lignite (coal) resources comprising 186.345 billion tones, one of the largest deposits in the world and has the capacity to meet energy requirements of the country for decades. The newly elected PPP government in 200

Published 11 Apr, 2010 12:00am

Polish president killed in plane crash

Poland's President Lech Kaczynski, its central bank head and the country's military chief were among 97 people killed when their plane crashed in thick fog near a Russian airport on Saturday. Polish Prime Minister Donald Tusk described the crash as "the m

Published 11 Apr, 2010 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

IMF warns high public debt 'tremendous' challenge

IMF chief Dominique Strauss-Kahn said on Saturday that public debt in the advanced economies is set to increase significantly and reversing the rise would be a "tremendous" challenge. Strauss-Kahn, managing director of the International Monetary Fund, als

Published 11 Apr, 2010 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (April 10, 2010).

Published 11 Apr, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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