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Print - 2010-10-24
FBR asked to remove defects from taxpayers'' profiles

FBR asked to remove defects from taxpayers'' profiles

The World Bank (WB) review mission has asked the Federal Board of Revenue (FBR) to remove defects in the tax profiles of registered taxpayers for updating their business addresses and economic activities to trace non-compliant persons for recovery of taxe
Published 24 Oct, 2010 12:00am
FBR asked to remove defects from taxpayers' profiles

FBR asked to remove defects from taxpayers' profiles

The World Bank (WB) review mission has asked the Federal Board of Revenue (FBR) to remove defects in the tax profiles of registered taxpayers for updating their business addresses and economic activities to trace non-compliant persons for recovery of taxe
Published 24 Oct, 2010 12:00am
FBR asked to remove defects from taxpayers' profiles

FBR asked to remove defects from taxpayers' profiles

The World Bank (WB) review mission has asked the Federal Board of Revenue (FBR) to remove defects in the tax profiles of registered taxpayers for updating their business addresses and economic activities to trace non-compliant persons for recovery of taxe
Published 24 Oct, 2010 12:00am
Reformed GST: crucial meeting on port services Tuesday

Reformed GST: crucial meeting on port services Tuesday

The federal government has convened a meeting on Tuesday (October 26), a day ahead of talks with the International Monetary Fund, in an effort to resolve the differences among provinces over five major potential services relating to ports.
Published 24 Oct, 2010 12:00am
Reformed GST: crucial meeting on port services Tuesday

Reformed GST: crucial meeting on port services Tuesday

The federal government has convened a meeting on Tuesday (October 26), a day ahead of talks with the International Monetary Fund, in an effort to resolve the differences among provinces over five major potential services relating to ports.
Published 24 Oct, 2010 12:00am
Reformed GST: crucial meeting on port services Tuesday

Reformed GST: crucial meeting on port services Tuesday

The federal government has convened a meeting on Tuesday (October 26), a day ahead of talks with the International Monetary Fund, in an effort to resolve the differences among provinces over five major potential services relating to ports.
Published 24 Oct, 2010 12:00am
Reformed GST: crucial meeting on port services Tuesday

Reformed GST: crucial meeting on port services Tuesday

The federal government has convened a meeting on Tuesday (October 26), a day ahead of talks with the International Monetary Fund, in an effort to resolve the differences among provinces over five major potential services relating to ports.
Published 24 Oct, 2010 12:00am
Foreigners invest $34.586 million in equities

Foreigners invest $34.586 million in equities

Foreign investors'' interest continued at the equity market during 16 sessions of the current month with a net inflow of $34.586 million. The amount of inflows was higher than last month''s cumulative inflow of $22.352 million. The National Clearing Compa
Published 24 Oct, 2010 12:00am
Foreigners invest $34.586 million in equities

Foreigners invest $34.586 million in equities

Foreign investors' interest continued at the equity market during 16 sessions of the current month with a net inflow of $34.586 million. The amount of inflows was higher than last month's cumulative inflow of $22.352 million. The National Clearing Company
Published 24 Oct, 2010 12:00am
Foreigners invest $34.586 million in equities

Foreigners invest $34.586 million in equities

Foreign investors' interest continued at the equity market during 16 sessions of the current month with a net inflow of $34.586 million. The amount of inflows was higher than last month's cumulative inflow of $22.352 million. The National Clearing Company
Published 24 Oct, 2010 12:00am
Two percent improvement in services trade deficit

Two percent improvement in services trade deficit

Services trade deficit narrowed down by 2 percent, or $13 million, during the first quarter of the current fiscal year, mainly due to higher exports and slowdown in imports. The State Bank of Pakistan (SBP) said that the country''s services sector trade w
Published 24 Oct, 2010 12:00am
Two percent improvement in services trade deficit

Two percent improvement in services trade deficit

Services trade deficit narrowed down by 2 percent, or $13 million, during the first quarter of the current fiscal year, mainly due to higher exports and slowdown in imports. The State Bank of Pakistan (SBP) said that the country's services sector trade wa
Published 24 Oct, 2010 12:00am
Two percent improvement in services trade deficit

Two percent improvement in services trade deficit

Services trade deficit narrowed down by 2 percent, or $13 million, during the first quarter of the current fiscal year, mainly due to higher exports and slowdown in imports. The State Bank of Pakistan (SBP) said that the country's services sector trade wa
Published 24 Oct, 2010 12:00am
10 National Assembly and Senate panels to be abolished

10 National Assembly and Senate panels to be abolished

As many as 10 standing committees of both National Assembly and Senate will be abolished with the transfer of five ministries to provinces under devolution process next month, bringing a sigh of relief to the exchequer in terms of heavy spending by the pa
Published 24 Oct, 2010 12:00am
10 National Assembly and Senate panels to be abolished

10 National Assembly and Senate panels to be abolished

As many as 10 standing committees of both National Assembly and Senate will be abolished with the transfer of five ministries to provinces under devolution process next month, bringing a sigh of relief to the exchequer in terms of heavy spending by the pa
Published 24 Oct, 2010 12:00am
Entry fee at Islamabad airport: CCP seeks CAA comments

Entry fee at Islamabad airport: CCP seeks CAA comments

The Competition Commission of Pakistan (CCP) has asked the Civil Aviation Authority (CAA) to explain why the Authority has levied Rs 20 entry fee upon select individuals entering Benazir Bhutto International Airport, Islamabad. The CCP has taken notice of
Published 24 Oct, 2010 12:00am
Entry fee at Islamabad airport: CCP seeks CAA comments

Entry fee at Islamabad airport: CCP seeks CAA comments

The Competition Commission of Pakistan (CCP) has asked the Civil Aviation Authority (CAA) to explain why the Authority has levied Rs 20 entry fee upon select individuals entering Benazir Bhutto International Airport, Islamabad. The CCP has taken notice of
Published 24 Oct, 2010 12:00am
Entry fee at Islamabad airport: CCP seeks CAA comments

Entry fee at Islamabad airport: CCP seeks CAA comments

The Competition Commission of Pakistan (CCP) has asked the Civil Aviation Authority (CAA) to explain why the Authority has levied Rs 20 entry fee upon select individuals entering Benazir Bhutto International Airport, Islamabad. The CCP has taken notice of
Published 24 Oct, 2010 12:00am
G20 inks pact to avert trade war

G20 inks pact to avert trade war

The Group of 20 major economies agreed on Saturday to shun competitive currency devaluations but stopped short of setting targets to reduce trade imbalances that are clouding global growth prospects. At a meeting in South Korea, G20 finance ministers reco
Published 24 Oct, 2010 12:00am
G20 inks pact to avert trade war

G20 inks pact to avert trade war

The Group of 20 major economies agreed on Saturday to shun competitive currency devaluations but stopped short of setting targets to reduce trade imbalances that are clouding global growth prospects. At a meeting in South Korea, G20 finance ministers reco
Published 24 Oct, 2010 12:00am
G20 inks pact to avert trade war

G20 inks pact to avert trade war

The Group of 20 major economies agreed on Saturday to shun competitive currency devaluations but stopped short of setting targets to reduce trade imbalances that are clouding global growth prospects. At a meeting in South Korea, G20 finance ministers reco
Published 24 Oct, 2010 12:00am
Bombers hit UN base in Herat, no casualties

Bombers hit UN base in Herat, no casualties

Four Taliban suicide bombers dressed as police and women attacked the main United Nations compound in western Afghanistan on Saturday, officials said, but there were no casualties among UN staff. The attack with rockets, machine guns and bombers hit the U
Published 24 Oct, 2010 12:00am
Bombers hit UN base in Herat, no casualties

Bombers hit UN base in Herat, no casualties

Four Taliban suicide bombers dressed as police and women attacked the main United Nations compound in western Afghanistan on Saturday, officials said, but there were no casualties among UN staff. The attack with rockets, machine guns and bombers hit the U
Published 24 Oct, 2010 12:00am
US seeks to boost CIA presence in Pakistan: report

US seeks to boost CIA presence in Pakistan: report

The United States is trying to expand a secret CIA operation designed to eliminate militants' havens located in Pakistan near the Afghan border, The Wall Street Journal reported late Friday. Citing unnamed senior officials, the newspaper said that in rece
Published 24 Oct, 2010 12:00am
US seeks to boost CIA presence in Pakistan: report

US seeks to boost CIA presence in Pakistan: report

The United States is trying to expand a secret CIA operation designed to eliminate militants' havens located in Pakistan near the Afghan border, The Wall Street Journal reported late Friday. Citing unnamed senior officials, the newspaper said that in rece
Published 24 Oct, 2010 12:00am
Leaked US documents show 'truth' on Iraq: WikiLeaks

Leaked US documents show 'truth' on Iraq: WikiLeaks

WikiLeaks' founder Julian Assange said Saturday that hundreds of thousands of classified US military documents leaked by the website showed the 'truth' on the Iraq war. "This disclosure is about the truth," Assange told a news conference in London after W
Published 24 Oct, 2010 12:00am
Leaked US documents show 'truth' on Iraq: WikiLeaks

Leaked US documents show 'truth' on Iraq: WikiLeaks

WikiLeaks' founder Julian Assange said Saturday that hundreds of thousands of classified US military documents leaked by the website showed the 'truth' on the Iraq war. "This disclosure is about the truth," Assange told a news conference in London after W
Published 24 Oct, 2010 12:00am
The Weather

The Weather

The weather report on Saturday (October 23, 2010) and the forecast for Sunday (October 24, 2010).

Published 24 Oct, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 22, 2010).

Published 24 Oct, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (October 22, 2010) and for Sunday (October 24, 2010)
Published 24 Oct, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 22, 2010).

Published 24 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 Friday (October 22, 2010).

Published 24 Oct, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Friday (October 22, 2010).

Published 24 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 Friday (October 22, 2010).

Published 24 Oct, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Friday (October 22, 2010).

Published 24 Oct, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Friday (October 22, 2010).

Published 24 Oct, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Friday (October 22, 2010).

Published 24 Oct, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Friday (October 22, 2010).

Published 24 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 23, 2010).

Published 24 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 23, 2010).

Published 24 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 23, 2010).

Published 24 Oct, 2010 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 23, 2010).

Published 24 Oct, 2010 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 23, 2010).

Published 24 Oct, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (October 22, 2010).

Published 24 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 23, 2010).

Published 24 Oct, 2010 12:00am
FOB Gulf corn premiums weak

FOB Gulf corn premiums weak

US corn export premiums at the US Gulf Coast were weak on Friday as demand remained generally sluggish amid elevated prices, while soybean premiums were steady with a firm tone on strong demand from China, traders said. Gulf FOB offers for October and Nov
Published 24 Oct, 2010 12:00am
Oil cake market rates

Oil cake market rates

No change was witnessed on the forward cottonseed oilcake market Saturday in process of trading, dealers said. The December vaida that closed at Rs 1167.50 commenced the day with no change at the same rate, dealers said.
Published 24 Oct, 2010 12:00am
Prices attain new peak in panic buying on cotton market

Prices attain new peak in panic buying on cotton market

Panic buying of cotton by mills and exporters pushed the prices at the new peak on the cotton market on Saturday, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised further by Rs 100 at Rs 7800, they said. In the ready busine
Published 24 Oct, 2010 12:00am
US wheat futures mostly firm

US wheat futures mostly firm

US wheat futures closed mostly higher on Friday, supported by prospects for US wheat to remain competitive on the export market due to Russia's extension of its grain export ban. Traders also noted position-squaring ahead of the weekend. The benchmark Chi
Published 24 Oct, 2010 12:00am
Putin says Russia grain ban to last until July

Putin says Russia grain ban to last until July

Prime Minister Vladimir Putin on Friday said Russia had extended its grain export embargo until July but said the country has enough grain to meet its own needs. The Russian government imposed the export ban from August 15 to stabilise domestic prices aft
Published 24 Oct, 2010 12:00am
US Midwest corn bids firm, soya flat as sales, harvest slow

US Midwest corn bids firm, soya flat as sales, harvest slow

Corn spot basis bids were steady to firm and soyabean bids mostly unchanged around the US Midwest on Friday as the pace of harvest and country sales slowed, grain merchants said. Few sales of either commodity seen as futures ended the week in negative ter
Published 24 Oct, 2010 12:00am
US corn futures ease

US corn futures ease

US corn futures closed lower on Friday as light fund selling weighed on the market and the December contract gravitated toward the November options expiration target price of $5.60. Traders said the market was consolidating ahead of the weekend. CBOT Dece
Published 24 Oct, 2010 12:00am
Kirana items mix on Jodia Bazar

Kirana items mix on Jodia Bazar

The trading in Kirana items moved both ways on Jodia Bazar here on Saturday. The following changes were noted.
Published 24 Oct, 2010 12:00am
Gram Australia, moong Punjab; gur down sharply on grain market

Gram Australia, moong Punjab; gur down sharply on grain market

Sluggish business was seen on the wholesale grain and seed market on Saturday as most of commodities retained their overnight levels in process of trading, dealers said. On the grams side grams Australian lost Rs 150 to Rs 5000-5200 and bajra low type, ho
Published 24 Oct, 2010 12:00am
Morocco's grain imports up 31 percent

Morocco's grain imports up 31 percent

Morocco's grain imports rose 31 percent in the four months to September 30, driven mainly by higher purchase of maize and soft milling wheat, state cereal agency ONCIL said on Friday. "At the end of the fourth month of the commercial season 2010/2011, imp
Published 24 Oct, 2010 12:00am
EU wheat markets flat

EU wheat markets flat

European Union wheat futures were little changed on Friday, ending a week that has seen prices stabilise as the market lacked the impetus to make a significant move in either direction. "Grain markets have been bereft of any fresh fundamental news and the
Published 24 Oct, 2010 12:00am
Rising trend continues on yarn, cotton markets

Rising trend continues on yarn, cotton markets

Yarn rates continuously increase due to shortage of yarn and cotton in market from start of the month. 20 to 70 rupees rise from 10 days but 150 to 300 Rupees swell up in 30 days. The continuous increase in the yarn price has created difficulties for the
Published 24 Oct, 2010 12:00am
Rising trend continues on yarn, cotton markets

Rising trend continues on yarn, cotton markets

Yarn rates continuously increase due to shortage of yarn and cotton in market from start of the month. 20 to 70 rupees rise from 10 days but 150 to 300 Rupees swell up in 30 days. The continuous increase in the yarn price has created difficulties for the
Published 24 Oct, 2010 12:00am
LVMH takes 14.2 percent of Hermes

LVMH takes 14.2 percent of Hermes

LVMH, the world's leading luxury retailer, said Saturday it had taken a 14.2 percent stake in Hermes but denied it wanted to take over the French luxury goods firm. The company controlled by French businessman Bernard Arnault said it wanted to boost the s
Published 24 Oct, 2010 12:00am
Britain's austerity measures will hit poor hardest: IFS

Britain's austerity measures will hit poor hardest: IFS

Britain's austerity drive will hit the poor harder than the better off, a respected independent think tank said on Thursday, opposing point blank the government's claims that its measures were "progressive". The verdict from the respected Institute for Fi
Published 24 Oct, 2010 12:00am
China says global recovery shaky, to spur yuan use

China says global recovery shaky, to spur yuan use

The global economy has yet to find its feet, with the US recovery slowing and imbalances within the euro zone worsening, a Chinese central banker said in comments published on Friday. In unusually candid remarks, Li Dongrong, an assistant governor of the
Published 24 Oct, 2010 12:00am
China debt yields edge higher

China debt yields edge higher

China's benchmark bond and bill yields rose slightly on Friday, but the rises slowed compared with the previous two days after China's central bank raised interest rates late on Tuesday. In the money market, China's Ministry of Finance auctioned three-mon
Published 24 Oct, 2010 12:00am
China debt yields edge higher

China debt yields edge higher

China's benchmark bond and bill yields rose slightly on Friday, but the rises slowed compared with the previous two days after China's central bank raised interest rates late on Tuesday. In the money market, China's Ministry of Finance auctioned three-mon
Published 24 Oct, 2010 12:00am
First Wind IPO could face turbulent debut

First Wind IPO could face turbulent debut

Wind farm owner and operator First Wind Holdings Inc, which is planning a $300 million IPO for next week, may be a risky bet in the current energy climate. First Wind finances, develops and operates utility-scale wind energy projects in the Northeastern a
Published 24 Oct, 2010 12:00am
Indian bond yields rises on cash woes

Indian bond yields rises on cash woes

Indian federal bond yields ended up on Friday as rate hike worries and tight liquidity conditions kept investors on the sidelines while the government's $6.4 billion bond buyback plan had muted impact on market sentiment. Dealers said they were wary about
Published 24 Oct, 2010 12:00am
Indian bond yields rises on cash woes

Indian bond yields rises on cash woes

Indian federal bond yields ended up on Friday as rate hike worries and tight liquidity conditions kept investors on the sidelines while the government's $6.4 billion bond buyback plan had muted impact on market sentiment. Dealers said they were wary about
Published 24 Oct, 2010 12:00am
Toronto stocks index inches higher

Toronto stocks index inches higher

Toronto's main stock index finished just a touch higher on Friday as gains in most of its sectors were undermined as financial shares weakened ahead of a weekend meeting of Group of 20 finance ministers and central bankers. Uncertainty about the outcome o
Published 24 Oct, 2010 12:00am
Turkish stocks surge; bond prices drop

Turkish stocks surge; bond prices drop

Turkish stocks rose on Friday as investors continued to see Turkey as one of the most attractive emerging markets, while bonds and the lira eased as investors awaited the outcome of a meeting of G20 financial leaders. Shares closed 0.79 percent higher at
Published 24 Oct, 2010 12:00am
Turkish stocks surge; bond prices drop

Turkish stocks surge; bond prices drop

Turkish stocks rose on Friday as investors continued to see Turkey as one of the most attractive emerging markets, while bonds and the lira eased as investors awaited the outcome of a meeting of G20 financial leaders. Shares closed 0.79 percent higher at
Published 24 Oct, 2010 12:00am
30-year treasury bonds rally

30-year treasury bonds rally

The 30-year US Treasury bond rallied on Friday, though it remained a wallflower relative to shorter maturities expected to benefit most from the likely resumption of Federal Reserve asset purchases next month. While the 30-year bond rallied four out of fi
Published 24 Oct, 2010 12:00am
30-year treasury bonds rally

30-year treasury bonds rally

The 30-year US Treasury bond rallied on Friday, though it remained a wallflower relative to shorter maturities expected to benefit most from the likely resumption of Federal Reserve asset purchases next month. While the 30-year bond rallied four out of fi
Published 24 Oct, 2010 12:00am
Credit spreads little changed

Credit spreads little changed

US credit spreads finished the week little changed as confidence about improving corporate credit quality and strong demand for debt offset concerns over the impact mortgage buybacks and foreclosures will have on banks. The benchmark US investment grade c
Published 24 Oct, 2010 12:00am
Credit spreads little changed

Credit spreads little changed

US credit spreads finished the week little changed as confidence about improving corporate credit quality and strong demand for debt offset concerns over the impact mortgage buybacks and foreclosures will have on banks. The benchmark US investment grade c
Published 24 Oct, 2010 12:00am
US Treasury Outlook: Fed may have to expand ownership rule

US Treasury Outlook: Fed may have to expand ownership rule

The US Federal Reserve may have to change a self-imposed rule that limits its Treasury debt purchases or expand the scope of its buying along the curve, according to one primary dealer. RBC Capital Markets is betting the central bank will have to expand i
Published 24 Oct, 2010 12:00am
Brazil federal debt rises to record $906 billion

Brazil federal debt rises to record $906 billion

Brazil's stock of Treasury notes and bonds in circulation rose to an all-time-high in September from the prior month, reflecting a surge in debt-servicing costs locally, the National Treasury said this week. The amount of notes and bonds denominated in re
Published 24 Oct, 2010 12:00am
Wall Street posts third straight weekly gain

Wall Street posts third straight weekly gain

US stocks capped a third straight week of gains on Friday as encouraging earnings helped the market sustain upward momentum, led by Baidu Inc, the latest tech company to beat estimates. The market has defied expectations for a pullback following a strong
Published 24 Oct, 2010 12:00am
Forex outlook: Euro seen faltering versus dollar as uptrend stalls

Forex outlook: Euro seen faltering versus dollar as uptrend stalls

The euro is likely to struggle to hold gains against an oversold US dollar next week as investors await a November Federal Reserve meeting expected to produce a new round of quantitative easing. After surging 7.6 percent versus the greenback in September,
Published 24 Oct, 2010 12:00am
Euribor interbank rates continue to creep up

Euribor interbank rates continue to creep up

Key euro-priced bank-to-bank lending rates continued their recent sharp rise on Friday, as markets continued to bet on a further scaling back of ECB support in the coming months. The three-month Euribor rate - traditionally the main gauge of unsecured int
Published 24 Oct, 2010 12:00am
Speculators trim bets against dollar again

Speculators trim bets against dollar again

Currency speculators further reduced bets against the US dollar for a second straight week, although net short positioning was still at extreme levels, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net shor
Published 24 Oct, 2010 12:00am
Taiwan dollar down

Taiwan dollar down

Suspected central bank selling pushed the Taiwan dollar lower on Friday, reversing gains earlier in the day as G20 finance ministers sought to defuse growing global currency tensions. The Taiwan dollar ended at T$30.91 per US dollar, compared with its Thu
Published 24 Oct, 2010 12:00am
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