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Jun 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-07-13
Paulson cool to shield Fannie/Freddie investors: WSJ

Paulson cool to shield Fannie/Freddie investors: WSJ

US Treasury Secretary Henry Paulson is insisting that if Fannie Mae and Freddie Mac need rescuing, the plan should not benefit the mortgage finance firms' shareholders, the Wall Street Journal said on Saturday.
Published 13 Jul, 2008 12:00am
Huge cache of arms seized

Huge cache of arms seized

The Frontier Corps, Balochistan on Saturday foiled arms smuggling bid and seized a huge cache of arms from Gulistan area of district Qila Abdullah, officials said.
Published 13 Jul, 2008 12:00am
Tribal clashes claim three lives

Tribal clashes claim three lives

Three persons, including a woman, were killed and three others were injured in clashes between the two warring groups in Tirah Valley, Khyber Agency. According to sources, fighting was going on between the two warring groups. The injured were shifted to h
Published 13 Jul, 2008 12:00am
Tribal clashes claim three lives

Tribal clashes claim three lives

Three persons, including a woman, were killed and three others were injured in clashes between the two warring groups in Tirah Valley, Khyber Agency. According to sources, fighting was going on between the two warring groups. The injured were shifted to h
Published 13 Jul, 2008 12:00am
Israeli Prime Minister Olmert 'not a thief', aide says

Israeli Prime Minister Olmert 'not a thief', aide says

A long-time aide who managed Ehud Olmert's travel, defended the Israeli prime minister on Saturday against a new accusation that he committed fraud by submitting duplicate expense claims. "The prime minister is not a thief and not a cheat," Rachel Risby-R
Published 13 Jul, 2008 12:00am
16 Pakistani soldiers killed in Taliban ambush

16 Pakistani soldiers killed in Taliban ambush

At least 16 Pakistani paramilitary soldiers and one militant were killed on Saturday as pro-Taliban fighters ambushed a security convoy in Zargari area of Tal Tehsil of Hangu district, NWFP, officials said.
Published 13 Jul, 2008 12:00am
16 Pakistani soldiers killed in Taliban ambush

16 Pakistani soldiers killed in Taliban ambush

At least 16 Pakistani paramilitary soldiers and one militant were killed on Saturday as pro-Taliban fighters ambushed a security convoy in Zargari area of Tal Tehsil of Hangu district, NWFP, officials said.
Published 13 Jul, 2008 12:00am
The Weather

The Weather

The weather report on Saturday (July 12, 2008) and the forecast for Sunday (July 13, 2008).

Published 13 Jul, 2008 12:00am
Your rupee last quarter

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (April 1 to June 30, 2008)

Published 13 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Textile industry strike: Rs 850 million production loss feared

Textile industry strike: Rs 850 million production loss feared

Production loss worth Rs 850 million and 25 percent decrease in exports were witnessed on the first day of protest movement launched by the textile exporters and manufacturing units at Faisalabad. On the second day of the protest strike on Saturday is aga
Published 13 Jul, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Textile industry strike: Rs 850 million production loss feared

Textile industry strike: Rs 850 million production loss feared

Production loss worth Rs 850 million and 25 percent decrease in exports were witnessed on the first day of protest movement launched by the textile exporters and manufacturing units at Faisalabad. On the second day of the protest strike on Saturday is aga
Published 13 Jul, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (July 12, 2008) and for Sunday (July 13, 2008).
Published 13 Jul, 2008 12:00am
Textile industry strike: Rs 850 million production loss feared

Textile industry strike: Rs 850 million production loss feared

Production loss worth Rs 850 million and 25 percent decrease in exports were witnessed on the first day of protest movement launched by the textile exporters and manufacturing units at Faisalabad. On the second day of the protest strike on Saturday is aga
Published 13 Jul, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 12, 2008).

Published 13 Jul, 2008 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 (July 12, 2008).

Published 13 Jul, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (July 12, 2008).

Published 13 Jul, 2008 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 (July 12, 2008).

Published 13 Jul, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
THE RUPEE: dollar marginally down

THE RUPEE: dollar marginally down

Slight recovery was seen on the interbank market on at the weekend as the rupee rose by three paisa against dollar for buying at 69.92 and it also gained nine paisa for selling at 69.96 due to good supply of the US currency, dealers said.
Published 13 Jul, 2008 12:00am
THE RUPEE: dollar marginally down

THE RUPEE: dollar marginally down

Slight recovery was seen on the interbank market on at the weekend as the rupee rose by three paisa against dollar for buying at 69.92 and it also gained nine paisa for selling at 69.96 due to good supply of the US currency, dealers said.
Published 13 Jul, 2008 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 (July 12, 2008).

Published 13 Jul, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from July 14, 2008.

Published 13 Jul, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from July 14, 2008.

Published 13 Jul, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from July 14, 2008.

Published 13 Jul, 2008 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (July 12, 2008).

Published 13 Jul, 2008 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 (July 12, 2008).

Published 13 Jul, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 12, 2008).

Published 13 Jul, 2008 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 (July 12, 2008).

Published 13 Jul, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 12, 2008).
Published 13 Jul, 2008 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (July 12, 2008).

Published 13 Jul, 2008 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 13 Jul, 2008 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 13 Jul, 2008 12:00am
US wheat futures higher

US wheat futures higher

US wheat futures settled higher on Friday on technical buying and spillover strength from the corn and crude oil markets, shrugging off bearish wheat data in a monthly US government crop report, traders said.
Published 13 Jul, 2008 12:00am
Business volume up in steady condition on cotton market

Business volume up in steady condition on cotton market

Steadier trend was seen on the cotton market on Saturday as prices were firm amid active buying by the exporters and mills, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3650, dealers said.
Published 13 Jul, 2008 12:00am
Prices start declining on grain market

Prices start declining on grain market

Declining trend was seen on the grain market on Saturday as supply was enough to meet the demand, dealers said. A solo deal was reported on the cereal side, moong Punjab lost Rs 75 to Rs 3500, they said. Other items maintained the overnight levels, they a
Published 13 Jul, 2008 12:00am
US copper up

US copper up

US copper futures ended up Friday in sympathy with surrounding strength in the broader commodities complex, but lagging price action comparative to the rest of the group may suggest further losses next week, analysts said. Copper for September delivery en
Published 13 Jul, 2008 12:00am
Gold climbs in New York

Gold climbs in New York

US gold finished the week strongly on flight-to-safety buying due to oil's surge to record levels, falling US equity markets and declines in the US dollar as worries mounted about US mortgage agencies Fannie Mae and Freddie Mac, traders said.
Published 13 Jul, 2008 12:00am
Honduras coffee production to drop in 2008-09

Honduras coffee production to drop in 2008-09

Coffee production in Honduras during the 2008/2009 growing season will decline to 3.5 million (60-kg) bags, a 7 percent decrease from the previous year, a US Agriculture Department attache in Tegucigalpa said on Friday.
Published 13 Jul, 2008 12:00am
New York sugar futures up

New York sugar futures up

Raw sugar futures closed higher on Friday on investment fund buying inspired in part by strong oil prices, but profit-taking and trade sales knocked the market below the 14-cents level, brokers said. The October raw sugar contract climbed 0.38 cent or by
Published 13 Jul, 2008 12:00am
Argentine crop outlook seen better

Argentine crop outlook seen better

Weather conditions in Argentina's farming belt should improve during the 2008/09 growing cycle as the La Nina phenomenon gradually peters out, the Buenos Aires Grains Exchange said on Friday.
Published 13 Jul, 2008 12:00am
US corn rises

US corn rises

US corn futures rose nearly 1 percent in early Asian trade on Friday as a weaker dollar and a strong rally in crude oil prices to above $141 a barrel revived demand for grains. US crude oil futures surged 4 percent to above $141 a barrel, stirred by news
Published 13 Jul, 2008 12:00am
Rains ease Argentine wheat sowing

Rains ease Argentine wheat sowing

Rain in parts of Argentina's wheat belt this week allowed farmers to progress with sowing that has been delayed by parched soils, the Agriculture Secretariat said on Friday.
Published 13 Jul, 2008 12:00am
Ivorian weekly cocoa arrivals fall at harvest end

Ivorian weekly cocoa arrivals fall at harvest end

Cocoa arrivals at ports in Ivory Coast fell to 15,023 tonnes in the week of June 30-July 6 from 18,828 in the previous week, exporters said on Friday, but quality was improving as the season approached its close.
Published 13 Jul, 2008 12:00am
US rice futures plunge after USDA

US rice futures plunge after USDA

Rough rice futures on the Chicago Board of Trade closed sharply lower on Friday, with most months falling the daily limit after a monthly US crop report showed rising domestic rice inventories, traders said.
Published 13 Jul, 2008 12:00am
Oil price hits record high on Iran, dollar concerns

Oil price hits record high on Iran, dollar concerns

Oil prices hit fresh record highs last week, boosted by weakness in the dollar and simmering tensions over key producer Iran which pushed the London Brent contract above 147 dollars.
Published 13 Jul, 2008 12:00am
FOB Gulf soya offers rise

FOB Gulf soya offers rise

US FOB Gulf soyabean offers rose for a second day on Friday due to tight supplies, while corn offers weakened ahead of the southern corn harvest and due to weak export demand, traders said.
Published 13 Jul, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 84,614 tonnes of cargo including 41,737 tonnes of import, 42,877 tonnes of export cargo and 2,249 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Saturday.
Published 13 Jul, 2008 12:00am
US Midwest bids for corn fall

US Midwest bids for corn fall

Spot basis bids for corn fell at rail terminals on Friday due to abundant supplies on the marketplace and good movement along railroads, grain dealers said. Corn bids held steady at other interior processors and elevators. Soyabean bids also were steady a
Published 13 Jul, 2008 12:00am
EU temporarily bans Malaysian fish imports

EU temporarily bans Malaysian fish imports

The European Union (EU) has imposed a temporary ban on imports of Malaysian fish products for failing to meet its standards, a Malaysian newspaper reported on Saturday. A Malaysian fisheries department official said the decision was made after EU veterina
Published 13 Jul, 2008 12:00am
US Senate sends housing rescue bill to House

US Senate sends housing rescue bill to House

The US Senate, after weeks of wrangling, completed work on Friday on its plan to save hundreds of thousands of American homeowners and their families from foreclosure and sent it to the House of Representatives.
Published 13 Jul, 2008 12:00am
Juncker slams speculators for high food, oil prices

Juncker slams speculators for high food, oil prices

Eurogroup Chairman Jean-Claude Juncker on Saturday blasted those who speculate on oil and commodities markets for forcing up prices. Juncker, who is also prime minister of Luxembourg, told Luxembourg radio station RTL.
Published 13 Jul, 2008 12:00am
Indonesia, Brazil sign biofuels development pact

Indonesia, Brazil sign biofuels development pact

The leaders of Indonesia and Brazil agreed on Saturday that their developing nations, home to much of the world's remaining tropical forest, would cooperate on biofuels after talks covering climate change and food. The two nations signed an agreement for
Published 13 Jul, 2008 12:00am
Bernanke tells Freddie discount window open

Bernanke tells Freddie discount window open

Federal Reserve Chairman Ben Bernanke told Freddie Mac chief Richard Syron that his company and Fannie Mae could take advantage of the emergency discount window, according to two sources familiar with the conversation between Bernanke and Syron.
Published 13 Jul, 2008 12:00am
Raul Castro warns world economy may slow reform

Raul Castro warns world economy may slow reform

Cuban President Raul Castro moved to dampen rising expectations on Friday, warning that global economic problems may slow increases in worker pay, one of the key economic reforms he has proposed since taking office.
Published 13 Jul, 2008 12:00am
Bangladesh finalises IOCs for offshore exploration

Bangladesh finalises IOCs for offshore exploration

Bangladesh's state-run oil, gas and mineral corporation Petrobangla has selected two international oil companies (IOCs) for hydrocarbon exploration in the Bay of Bengal, a senior official said on Saturday. "We will submit the evaluation report to the mini
Published 13 Jul, 2008 12:00am
Fortis chief Votron steps down

Fortis chief Votron steps down

Jean-Paul Votron, chief executive officer of Belgian-Dutch bank Fortis, stepped down Friday amid problems related to the US subprime home loan crisis, the bank announced. "The board of directors of Fortis and Jean-Paul Votron have decided, by mutual agree
Published 13 Jul, 2008 12:00am
Hong Kong charges former Morgan banker with insider dealing

Hong Kong charges former Morgan banker with insider dealing

A former Morgan Stanley managing director has been arrested and charged in Hong Kong with insider dealing linked to trades in CITIC Resources Holdings Ltd, the territory's financial regulatory body said.
Published 13 Jul, 2008 12:00am
Credit Suisse chairman defends one bank model

Credit Suisse chairman defends one bank model

Swiss bank Credit Suisse will not withdraw from investment banking despite the losses caused by the credit crisis, the bank's chairman said in an interview published on Saturday.
Published 13 Jul, 2008 12:00am
Sectoral agreement key to Doha deal: US manufacturers

Sectoral agreement key to Doha deal: US manufacturers

US manufacturers urged Brazil, India, China and other major developing countries on Friday to agree to eliminate tariffs in key industrial sectors to help reach a deal in long-running world trade talks.
Published 13 Jul, 2008 12:00am
Oman's budget surplus hits $2.4 billion in first quarter

Oman's budget surplus hits $2.4 billion in first quarter

Gulf Arab oil and gas producer Oman said on Saturday its budget surplus for the first quarter of this year was 912 million rial ($2.37 billion), fuelled by record crude prices. Oman posted a 417 million rial surplus in the first three months of last year,
Published 13 Jul, 2008 12:00am
Ethiopia hunger averted, prices high

Ethiopia hunger averted, prices high

Government and UN action has averted an immediate hunger emergency in Ethiopia, but high food prices are still making it hard for parents to feed their children, a major medical charity said. The cost of teff grain - used to make the thin, round spongy br
Published 13 Jul, 2008 12:00am
Major Asean economies to deliver higher growth

Major Asean economies to deliver higher growth

The major Asean economies are likely to deliver higher-than-expected growth this year, but the outlook for 2009 looks challenging, economists said in a published report on Saturday. Morgan Stanley raised its 2008 growth forecast for Singapore, Malaysia, T
Published 13 Jul, 2008 12:00am
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