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Print - 2010-10-10
Banks may cut risk-weighted assets

Banks may cut risk-weighted assets

UBS and Credit Suisse would likely cut risk-weighted assets significantly and growth in their investment banking would slow if new Swiss bank capital proposals were implemented, a top Swiss regulator was quoted as saying. Earlier this month a Swiss commis
Published 10 Oct, 2010 12:00am
Musharraf rues the day...

Musharraf rues the day...

Former president Pervez Musharraf in an interview said Nawaz Sharif is 'brainless' and he was more close to the Taliban, a private TV channel reported. According to the channel, Musharraf admitted that the conflict with judiciary was mishandled and that t
Published 10 Oct, 2010 12:00am
FBR fails to get turnover tax from refineries

FBR fails to get turnover tax from refineries

The Federal Board of Revenue (FBR), which is already facing hardships to meet its budgetary target in the ongoing economic turmoil mainly because of floods, has completely failed in persuading the oil refineries to pay turnover tax, Business Recorder <
Published 10 Oct, 2010 12:00am
FBR fails to get turnover tax from refineries

FBR fails to get turnover tax from refineries

The Federal Board of Revenue (FBR), which is already facing hardships to meet its budgetary target in the ongoing economic turmoil mainly because of floods, has completely failed in persuading the oil refineries to pay turnover tax, Business Recorder <
Published 10 Oct, 2010 12:00am
FBR fails to get turnover tax from refineries

FBR fails to get turnover tax from refineries

The Federal Board of Revenue (FBR), which is already facing hardships to meet its budgetary target in the ongoing economic turmoil mainly because of floods, has completely failed in persuading the oil refineries to pay turnover tax, Business Recorder <
Published 10 Oct, 2010 12:00am
PSO urges government to fix refineries'' fuel supply quota

PSO urges government to fix refineries'' fuel supply quota

The Pakistan State Oil (PSO) has urged the government to fix fuel supply quota for oil refineries, based on average three-year market share, within the proposed de-regulated price mechanism to ensure product availability to all oil marketing companies (OM
Published 10 Oct, 2010 12:00am
PSO urges government to fix refineries' fuel supply quota

PSO urges government to fix refineries' fuel supply quota

The Pakistan State Oil (PSO) has urged the government to fix fuel supply quota for oil refineries, based on average three-year market share, within the proposed de-regulated price mechanism to ensure product availability to all oil marketing companies (OM
Published 10 Oct, 2010 12:00am
PSO urges government to fix refineries' fuel supply quota

PSO urges government to fix refineries' fuel supply quota

The Pakistan State Oil (PSO) has urged the government to fix fuel supply quota for oil refineries, based on average three-year market share, within the proposed de-regulated price mechanism to ensure product availability to all oil marketing companies (OM
Published 10 Oct, 2010 12:00am
Post-flood situation: revenue target to be reviewed: FBR chief

Post-flood situation: revenue target to be reviewed: FBR chief

Federal Board of Revenue Chairman Sohail Ahmed on Saturday informed the Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) that the revenue collection target for 2010-11 would be reviewed keeping in view additional generati
Published 10 Oct, 2010 12:00am
Post-flood situation: revenue target to be reviewed: FBR chief

Post-flood situation: revenue target to be reviewed: FBR chief

Federal Board of Revenue Chairman Sohail Ahmed on Saturday informed the Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) that the revenue collection target for 2010-11 would be reviewed keeping in view additional generati
Published 10 Oct, 2010 12:00am
Post-flood situation: revenue target to be reviewed: FBR chief

Post-flood situation: revenue target to be reviewed: FBR chief

Federal Board of Revenue Chairman Sohail Ahmed on Saturday informed the Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) that the revenue collection target for 2010-11 would be reviewed keeping in view additional generati
Published 10 Oct, 2010 12:00am
Gunmen torch 29 Nato tankers near Sibbi

Gunmen torch 29 Nato tankers near Sibbi

Gunmen on Saturday torched at least 29 oil tankers in remote Mitri area, the sixth attack in just over a week as Islamist militants continue to target Nato supply route into Afghanistan. Two police officers were hurt in the attack. "Some 30 gunmen attacke
Published 10 Oct, 2010 12:00am
Gunmen torch 29 Nato tankers near Sibbi

Gunmen torch 29 Nato tankers near Sibbi

Gunmen on Saturday torched at least 29 oil tankers in remote Mitri area, the sixth attack in just over a week as Islamist militants continue to target Nato supply route into Afghanistan. Two police officers were hurt in the attack. "Some 30 gunmen attacke
Published 10 Oct, 2010 12:00am
Khyber Pass crossing: government decides to re-open supply route

Khyber Pass crossing: government decides to re-open supply route

After 10 days'' closure due to what is widely believed as retaliation of September 30 helicopter attack which killed 3 Pakistani soldiers and injured three more, the government on Saturday decided to reopen Pakistan-Afghanistan border at Torkham, with imm
Published 10 Oct, 2010 12:00am
Khyber Pass crossing: government decides to re-open supply route

Khyber Pass crossing: government decides to re-open supply route

After 10 days' closure due to what is widely believed as retaliation of September 30 helicopter attack which killed 3 Pakistani soldiers and injured three more, the government on Saturday decided to reopen Pakistan-Afghanistan border at Torkham, with imme
Published 10 Oct, 2010 12:00am
Khyber Pass crossing: government decides to re-open supply route

Khyber Pass crossing: government decides to re-open supply route

After 10 days' closure due to what is widely believed as retaliation of September 30 helicopter attack which killed 3 Pakistani soldiers and injured three more, the government on Saturday decided to reopen Pakistan-Afghanistan border at Torkham, with imme
Published 10 Oct, 2010 12:00am
IMF fails to find consensus to ease currency frictions

IMF fails to find consensus to ease currency frictions

IMF policymakers failed to reach a consensus Saturday on measures to head off what some see as a looming currency war but pledged to continue working toward a solution to growing global imbalances. The International Monetary Fund steering committee, which
Published 10 Oct, 2010 12:00am
IMF fails to find consensus to ease currency frictions

IMF fails to find consensus to ease currency frictions

IMF policymakers failed to reach a consensus Saturday on measures to head off what some see as a looming currency war but pledged to continue working toward a solution to growing global imbalances. The International Monetary Fund steering committee, which
Published 10 Oct, 2010 12:00am
IMF fails to find consensus to ease currency frictions

IMF fails to find consensus to ease currency frictions

IMF policymakers failed to reach a consensus Saturday on measures to head off what some see as a looming currency war but pledged to continue working toward a solution to growing global imbalances. The International Monetary Fund steering committee, which
Published 10 Oct, 2010 12:00am
Ogra raises wellhead prices of about 21 gas producing fields

Ogra raises wellhead prices of about 21 gas producing fields

Oil and Gas Regulatory Authority (Ogra) has raised the wellhead prices of around 21 gas producing fields due to variation in exchange rate and global oil prices effective from July-December 2010. Ogra official said that impact of increase in recent well h
Published 10 Oct, 2010 12:00am
Ogra raises wellhead prices of about 21 gas producing fields

Ogra raises wellhead prices of about 21 gas producing fields

Oil and Gas Regulatory Authority (Ogra) has raised the wellhead prices of around 21 gas producing fields due to variation in exchange rate and global oil prices effective from July-December 2010. Ogra official said that impact of increase in recent well h
Published 10 Oct, 2010 12:00am
Ogra raises wellhead prices of about 21 gas producing fields

Ogra raises wellhead prices of about 21 gas producing fields

Oil and Gas Regulatory Authority (Ogra) has raised the wellhead prices of around 21 gas producing fields due to variation in exchange rate and global oil prices effective from July-December 2010. Ogra official said that impact of increase in recent well h
Published 10 Oct, 2010 12:00am
Emerging Asia must move to end crisis-era spending: IMF

Emerging Asia must move to end crisis-era spending: IMF

Asian governments should move more quickly to withdraw crisis-era spending, the International Monetary Fund said on Saturday, eyeing creeping inflation in the region. "The main policy challenge for the region remains to manage the exit from the policy sti
Published 10 Oct, 2010 12:00am
Emerging Asia must move to end crisis-era spending: IMF

Emerging Asia must move to end crisis-era spending: IMF

Asian governments should move more quickly to withdraw crisis-era spending, the International Monetary Fund said on Saturday, eyeing creeping inflation in the region. "The main policy challenge for the region remains to manage the exit from the policy sti
Published 10 Oct, 2010 12:00am
Emerging Asia must move to end crisis-era spending: IMF

Emerging Asia must move to end crisis-era spending: IMF

Asian governments should move more quickly to withdraw crisis-era spending, the International Monetary Fund said on Saturday, eyeing creeping inflation in the region. "The main policy challenge for the region remains to manage the exit from the policy sti
Published 10 Oct, 2010 12:00am
Deedar assumes office; chairs high-level meeting

Deedar assumes office; chairs high-level meeting

The newly-appointed Chairman of the National Accountability Bureau, former Justice Deedar Hussain Shah took charge of his office and chaired a high-level meeting at the NAB HQ, on Saturday. Deedar in his maiden meeting stated that he will ensure across th
Published 10 Oct, 2010 12:00am
Deedar assumes office; chairs high-level meeting

Deedar assumes office; chairs high-level meeting

The newly-appointed Chairman of the National Accountability Bureau, former Justice Deedar Hussain Shah took charge of his office and chaired a high-level meeting at the NAB HQ, on Saturday. Deedar in his maiden meeting stated that he will ensure across th
Published 10 Oct, 2010 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (September 01 to 30, 2010)

Published 10 Oct, 2010 12:00am
The Weather

The Weather

The weather report on Saturday (October 09, 2010) and the forecast for Sunday (October 10, 2010).

Published 10 Oct, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (October 09, 2010) and for Sunday (October 10, 2010)
Published 10 Oct, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (October 09, 2010).

Published 10 Oct, 2010 12:00am
Thailand sees only minor weather damage to rice crop

Thailand sees only minor weather damage to rice crop

Thailand, the world's biggest rice exporter, is expected to produce 22.9 million tonnes of paddy in its main 2010/11 crop as drought and then floods had caused only minor damage, an Agriculture Ministry official said on Friday.
Published 10 Oct, 2010 12:00am
Oil cake market rates

Oil cake market rates

Firm trend was witnessed on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The December vaida that had closed at Rs 1122.50 opened with a rise of 90 paisa at Rs 1123.40, dealers said.
Published 10 Oct, 2010 12:00am
Prices, spot rate move up on strong demand on cotton market

Prices, spot rate move up on strong demand on cotton market

Rates went up sharply on the cotton market on Saturday during the hectic buying by mills and exporters, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised by Rs 150 to Rs 7150, they said. In the ready business nearly 25,000 b
Published 10 Oct, 2010 12:00am
Indonesia's corn imports seen tripling in 2010

Indonesia's corn imports seen tripling in 2010

Indonesian corn imports are expected to triple to as much as 1.5 million tonnes this year as unexpected long monsoon rains have depressed output, an official said. "We're experiencing difficulties to buy local corn because the supplies are dwindling," sai
Published 10 Oct, 2010 12:00am
FOB Gulf premiums steady as surging futures chills demand

FOB Gulf premiums steady as surging futures chills demand

Export premiums for corn, soyabeans and wheat were steady on Friday at the US Gulf Coast as surging futures chilled demand for overseas shipments, traders said. Traders described a largely quiet day in the cash markets as futures for all three commodities
Published 10 Oct, 2010 12:00am
Grams prices fall sharply on grain market

Grams prices fall sharply on grain market

Grams prices fell sharply on the wholesales grain and seed market on Saturday in process of trading, dealers said. On the grams side, grams Australia low type shed Rs 50 to Rs 4750 and best type also dropped by Rs 100 to Rs 4900. Grams 50x50, in sympathy
Published 10 Oct, 2010 12:00am
Canadian canola futures post biggest gain

Canadian canola futures post biggest gain

ICE Canadian canola futures shot to their biggest daily absolute gain in nearly 14 months on Friday after the US government released bullish corn and soyabean data, traders said. Canola lagged percentage gains in Chicago Board of Trade corn, soyabeans and
Published 10 Oct, 2010 12:00am
US Midwest soya bids lower, corn steady

US Midwest soya bids lower, corn steady

Soyabean spot basis bids were mostly lower on Friday around the US Midwest, pressured by a lowered USDA production forecast and fresh soyabean supplies from fall harvest, dealers said. Corn spot basis bids were steady to mixed. Producers inquired about co
Published 10 Oct, 2010 12:00am
Argentine farmers begin soya seeding

Argentine farmers begin soya seeding

Argentine farmers began to plant soya this week for the 2010/11 season, the Agriculture Ministry said in its latest weekly report on Friday. Argentina is the No 3 global exporter of soyabeans and the top supplier of soyameal and soyaoil.
Published 10 Oct, 2010 12:00am
US wheat futures end up

US wheat futures end up

US wheat futures closed up the 60 cents per bushel daily trading limit on Friday on spillover support from soaring corn and soyabeans after the release by USDA of bullish production and stocks numbers for each. CBOT December up 60 cents at $7.19-1/4 a bus
Published 10 Oct, 2010 12:00am
Critics pan draft EU rules on GM contamination

Critics pan draft EU rules on GM contamination

The EU plans to allow up to 0.1 percent of unapproved genetically modified (GM) material in imports of animal feed but not human food, draft proposals showed, an idea grain exporting countries called unworkable.
Published 10 Oct, 2010 12:00am
BMW, Daimler report strong gain

BMW, Daimler report strong gain

German groups BMW and Daimler, the world's leading luxury car makers, said Friday that September sales roared higher, powered by the US and Chinese markets, and added that the outlook for the rest of 2010 was bright too. Number three Audi had already pres
Published 10 Oct, 2010 12:00am
Japan's cabinet approves $61.3 billion stimulus

Japan's cabinet approves $61.3 billion stimulus

Japan's cabinet on Friday approved a new emergency stimulus package worth 61.3 billion dollars to help shore up an economy hit hard by deflation and the impact of a strong yen. The 5.05 trillion yen plan will be financed by an extra budget, which the gove
Published 10 Oct, 2010 12:00am
Canadian job, housing data confirm economy slowing

Canadian job, housing data confirm economy slowing

Canada unexpectedly lost jobs in September and housing starts fell, adding to evidence the economic recovery is flagging and cutting already slim chances the Bank of Canada will raise rates again this month. A separate survey on Friday by the central bank
Published 10 Oct, 2010 12:00am
UK producer prices rise

UK producer prices rise

Higher wheat prices led to a sharper than expected rise in British manufacturers' raw materials costs last month, while annual factory gate inflation slowed less than expected, official data showed on Friday. The figures will disappoint Bank of England po
Published 10 Oct, 2010 12:00am
Abbott pulls obesity drug from US market

Abbott pulls obesity drug from US market

US pharmaceutical company Abbott Laboratories on Friday said it was pulling its obesity drug Meridia from the US market after European tests found the key ingredient increased the risk of serious heart problems. The withdrawal was being made at the reques
Published 10 Oct, 2010 12:00am
Asian steel mills face uncertainty despite China hopes

Asian steel mills face uncertainty despite China hopes

Asian steelmakers face a bleak profit outlook as demand growth weakens with a slowing global economy and as they fail to fully pass on high production costs, but Chinese moves to trim output may prop up steel prices. Steel mills are sitting on high cost r
Published 10 Oct, 2010 12:00am
India's car sales jump

India's car sales jump

Car sales in India climbed almost a third in September versus a year, industry data showed on Friday, but growth is seen moderating as borrowing costs rise and as parts makers struggle to meet demand. Automakers such as utility vehicle leader Mahindra & M
Published 10 Oct, 2010 12:00am
China yields flat; inflation fear offsets liquidity

China yields flat; inflation fear offsets liquidity

Chinese bill and bond yields were generally steady on Friday as rising inflation concerns offset improving liquidity after a week-long holiday. The authorities have so far this year been mostly relying on regulation to rein in a housing bubble with moneta
Published 10 Oct, 2010 12:00am
China yields flat; inflation fear offsets liquidity

China yields flat; inflation fear offsets liquidity

Chinese bill and bond yields were generally steady on Friday as rising inflation concerns offset improving liquidity after a week-long holiday. The authorities have so far this year been mostly relying on regulation to rein in a housing bubble with moneta
Published 10 Oct, 2010 12:00am
Sri Lankan shares surge

Sri Lankan shares surge

Sri Lanka's benchmark share index rose on Friday after four days of losses, as investors bargain-hunted after a long-awaited correction. Sri Lanka's main share index rose 62.87 points to 6,833.61 from a two-week low. It is Asia's best performer in 2010 wi
Published 10 Oct, 2010 12:00am
Strong commodity prices lead Toronto stocks higher

Strong commodity prices lead Toronto stocks higher

Toronto's main index finished higher on Friday as stronger commodity prices pushed up resource stocks and weak jobs data in the United States and Canada supported speculation the central banks would keep trying to stimulate the North American economy.
Published 10 Oct, 2010 12:00am
US corporate bond at narrowest levels since May

US corporate bond at narrowest levels since May

US corporate bond spreads held steady on Friday at the narrowest levels since May, as investors shrugged off a weak jobs report and continued seeking higher-yielding assets. A surprise loss of jobs in September's nonfarm payrolls report reinforced bond in
Published 10 Oct, 2010 12:00am
US corporate bond at narrowest levels since May

US corporate bond at narrowest levels since May

US corporate bond spreads held steady on Friday at the narrowest levels since May, as investors shrugged off a weak jobs report and continued seeking higher-yielding assets. A surprise loss of jobs in September's nonfarm payrolls report reinforced bond in
Published 10 Oct, 2010 12:00am
NetSpend's strained alliance, price may undercut IPO

NetSpend's strained alliance, price may undercut IPO

NetSpend Holdings Inc, which sells prepaid debit cards to low-income people, could face a rocky road as it seeks to raise just over $200 million in an IPO next week. The market for such cards, people who often do not have much access to credit, is booming
Published 10 Oct, 2010 12:00am
Treasuries rise after non-farm payrolls fall

Treasuries rise after non-farm payrolls fall

Traders in the market for US Treasuries, who have been focusing their bets all week on Friday's September employment report, decided the 95,000-job decrease in non-farm payrolls was a good reason to buy US debt "The news is out, and it looks like the repo
Published 10 Oct, 2010 12:00am
Treasuries rise after non-farm payrolls fall

Treasuries rise after non-farm payrolls fall

Traders in the market for US Treasuries, who have been focusing their bets all week on Friday's September employment report, decided the 95,000-job decrease in non-farm payrolls was a good reason to buy US debt "The news is out, and it looks like the repo
Published 10 Oct, 2010 12:00am
Turkish bonds pare gains

Turkish bonds pare gains

The Turkish lira and bonds pared recent sharp gains on Friday, but stocks edged higher after upbeat industrial production data indicated economic growth this year could easily exceed forecasts of 6 percent. Industrial production surged jumped 11 percent i
Published 10 Oct, 2010 12:00am
Turkish bonds pare gains

Turkish bonds pare gains

The Turkish lira and bonds pared recent sharp gains on Friday, but stocks edged higher after upbeat industrial production data indicated economic growth this year could easily exceed forecasts of 6 percent. Industrial production surged jumped 11 percent i
Published 10 Oct, 2010 12:00am
US Treasury Outlook: auctions may hit wall over yields

US Treasury Outlook: auctions may hit wall over yields

The US government could find fewer buyers for its debt next week, as investors deem the rock-bottom yields on Treasuries less appealing than stocks, gold and other risky assets. Prospects of a second round of quantitative easing from the Federal Reserve t
Published 10 Oct, 2010 12:00am