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Wednesday, Mar 10 2010
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Yen gains broadly on risk aversion; dollar higher     Sterling slips below $1.5 on credit woes     Oil falls from 8-week top on dollar pressure     Gold slips as risk aversion lifts USD     Germany to boost Pakistan textiles
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Question : 

Who should be Pakistan cricket team captain?



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Market KSE 100
Index
All Share
Index
KSE 30
Index
Status Open Current 9784.98 Current 6913.02 Current 10261.61
Volume 5,831,897,747.33 High 9844.03 High 6956.17 High 10305.98
Value 108,001,142 Low 9767.41 Low 6903.03 Low 10230.51
Previous Index 9787.03 Change   -2.05 Change  -1.35 Change 3.77
MAIN STORY
President, PM mull Waqar as finmin
ISLAMABAD: President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani have completed their consultations with respect to appointment of new finance minister and the job is likely to fall in the lap of Federal Minister for Privatisation, Senator Waqar Ahmad Khan. Final decision in this regard is expected anytime. ...
  Mutual Fund
TOP STORIES
    
Met pivotal targets in 2yrs, claims PM
‘Economy back on progress’
ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani has said that incumbent rulers have met important economic targets within two years, adding, economy is stabilising and progressing. He was talking at the meeting of the Economic Coordination Committee (ECC) of the Cabinet held here on Tuesday. ...
[hlImage]
Pasha to head ISI for another year
ISLAMABAD: Chief of the Army Staff, General Ashfaq Parvez Kayani extended services of Director General Inter Services Intelligence (ISI), Lieutenant General Shuja Pasha for a year here Tuesday.
According to reports, a summary in this regard was forwarded to Prime Minister Syed Yousuf Raza Gilani fifteen days ago, which has been accepted ...
[hlImage]
400,000 T urea will be sourced
Gilani chairs ECC meeting
PM orders import and smooth supply of sugar
OKs restoration of Pakistan Oilseed Development Board 
Sovereign Guarantee for PQ expansion   ...

External liabilities on the rise
KARACHI: Pakistan's external debt rose to an unprecedented $55.68 billion as of Dec 31, 2009 from $52.33 billion on June 30, 2009 due to loans received from the International Monetary Fund (IMF) and other donor agencies.
In the past one-and-a-half years, overseas loans taken by the country have surged by $9.51 billion, according to data released by State Bank of Pakistan (SBP). ...

Palm deal with Indonesia, the sooner the better
Palm oil shortfall to boosts international prices
Staff Reporter
KARACHI: Sector analysts are expecting a sharp 18 per cent hike in the prices of crude palm oil (CPO) in next few months. This anticipation gained strength after Malaysian crude palm futures were seen trading in 2,800-3,200 ringgit range --after July-- as current El Nino-driven hot weather may dent production in the second half of 2010. ...

Reko Diq project to roll on, says miner
ISLAMABAD: The operator of $3 billion Reko Diq copper/gold project in Balochistan is hopeful the mining venture will go ahead despite a government threat to scrap it. The project is owned by Canada's Barrick Gold and Chilean copper miner Antofagasta.  ...

2010 cotton seen record-breaking
Abetted by rate rise, global revival hopes
KARACHI: Country's growers, this year, may bring more area under cotton spurred by a record jump in domestic prices and hopes of a global economic revival lifting textile exports. ...

Army to keep high professional level
127th Corps Commanders' Conference held
RAWALPINDI: Chief of the Army Staff, General Ashfaq Parvez Kayani has said that Pakistan Army will continue its process of improving its professional standard to get rid of challenges in future in better way. ...

Zardari ups perks for SC, HC judges
CJP’s salary hiked by Rs60,000 to Rs259,838/month
ISLAMABAD: President Asif Ali Zardari approved Tuesday an increase in the salaries and allowances for the judges of Supreme Court and high courts. The President signed the summary at a ceremony here at the Presidency, which was attended among others by Minister for Law & Justice, Dr Babar Awan; Minister for Information and Broadcasting, Qamar Zaman Kaira, Advisor to the Prime Minister, Sardar Latif Khosa and senior government officials. ...

President gifts protection to women
ISLAMABAD: President Asif Ali Zardari signed the Protection Against Harassment of Women at the Workplace Bill 2010 at a ceremony here Tuesday. It was recently adopted by the National Assembly and the Senate. Speaking on the occasion, the President held out an assurance that the government would do its utmost to ensure that women enjoy rights as equal partners of men at the end of its tenure. ...

Indicators
Economic Indicators
IndicatorsValues
Forex Reserves (04-Mar-10)$14.80bn
Inflation CPI% (Jul 09 - Jan 10)10.79%
Exports (Jul 09 - Jan 10)$10.87bn
Imports (Jul 09 - Jan 10)$19.32bn
Trade Balance (Jul 09 - Jan 10)$(8.44)bn
Current A/C (Jul 09 - Jan 10)$(2.49)bn
Remittances (Jul 09 - Jan 10)$5.20bn
Foreign Investment (Jul 09 - Jan 10)$866.7mn
Revenue (Jul 09 - Jan 10)Rs 784bn
Foreign Debt (Dec-09)$55.68bn
Domestic Debt (Jan-10)Rs 4292.5bn
Repatriated Profit (Jul 09 - Jan 10)$360.5mn
LSM Growth (Jul-Dec 09)1.40%
GDP Growth FY092.00%
Per Capita Income FY09$1,046
Population168.93mn
Portfolio Investment
SCRA (US $ in mn)Values
Yearly(Jul, 2009 up to 08-Mar-2010)316.05
Monthly(Mar, 2010 up to 08-Mar-2010)21.99
Daily (08-Mar-2010)-7.11
Total Portfolio Investment(27-Feb-2010)1950
NCCPL (US$ in million)
FIPI (09-Mar-2010)4.48
Local Companies (09-Mar-2010)-0.36
Banks / DFI (09-Mar-2010)-3.56
Mutual Funds (09-Mar-2010)-0.12
NBFC (09-Mar-2010)-0.03
Local Investors (09-Mar-2010)0.08
Other Organization (09-Mar-2010)-0.49
GDR Update US$
SymbolsC.PricePKR/Shares
MCB (1 GDR= 2 Shares)2.60109.85702
OGDC (1 GDR= 10 Shares)13.85117.039979
UBL (1 GDR= 4 Shares)2.0042.2527
LUCK (1 GDR= 4 Shares)1.7035.914795
HUBC (1 GDR= 25 Shares)10.0634.00497296
Money Market Update
T-Bills (3 Mths)12.1652%2/24/2010
T-Bills (6 Mths)12.215%2/24/2010
T-Bills (12 Mths)12.2697%2/24/2010
Discount Rate12.5%11/25/2009
Kibor (1 Mth)12.48%3/9/2010
Kibor (3 Mths)12.34%3/9/2010
Kibor (6 Mths)12.39%3/9/2010
Kibor (9 Mths)12.69%3/9/2010
Kibor (1 Yr)12.75%3/9/2010
P.I.B (3 Yrs)12.39%3/9/2010
P.I.B (5 Yrs)12.48%3/9/2010
P.I.B (10 Yrs)12.63%3/9/2010
P.I.B (15 Yrs)13%3/9/2010
P.I.B (20 Yrs)13.12%3/9/2010
P.I.B (30 Yrs)13.2%3/9/2010
Open Market Currency Rates
SymbolsBuy (Rs)Sell (Rs)
Australian $76.1077.2
Canadian $81.4082.5
Danish Krone15.4015.8
Euro114.80116.3
Hong Kong $10.7510.95
Japanese Yen0.930.9514
Saudi Riyal22.40022.65
Singapore $59.7060.85
Swedish Korona11.7012
Swiss Franc78.3579.35
U.A.E Dirham22.9023.2
UK Pound127.30129
US $84.7085
Inter-Bank Currency Rates
SymbolsBank Buying TT CleanBank Selling TT & OD
Australian $76.8777.05
Canadian $82.1882.38
Danish Krone15.4815.51
Euro115.16115.43
Hong Kong $10.8910.92
Japanese Yen0.93970.942
Saudi Riyal22.53022.59
Singapore $60.3260.46
Swedish Korona11.8811.91
Swiss Franc78.7478.93
U.A.E Dirham23.0123.06
UK Pound126.92127.22
US $84.505484.6921

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General
Army to keep high professional...
Zardari ups perks for SC, HC j...
President gifts protection to ...
Money & Forex
Money Market Commentary...
Yen gains broadly on risk aver...
Sterling slips below $1.5 on c...
Sports
Haddin stars as Australia beat...
Sahiwal clinch National U14 ti...
NA body lauds suggestions agai...
International
UK trade gap widens to worst i...
China holds new steps for prop...
Indian govt urged to free 16 P...
National
Szabist moot on mktinga...
Aptma threatens strike to get ...
World Kidney Day at AKU...
Stock Review
LSE swells by 0.38pc...
Tata Motors dips India stocks ...
Nikkei edges down after rally...
Shipping & Commodities
Oil falls from 8-week top on d...
Gold slips as risk aversion li...
Tokyo rubber slips on lower oi...
Education
Minister hands offer letters t...
Tribal leaders’ role for edu u...
Edu to help eliminate terroris...
Views & Opinions
The Ebb of Exports...
OGDC Bonds & POL’s Bela...
Egypt’s political stability tu...
Editorial
A visionary finmin wanted...
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