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Saturday, September 12, 2009, Ramadan 21, 1430 |
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Business
News
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KSE adopts ICB
tailored classification system
Staff Reporter
Karachi—Karachi Stock Exchange has adopted the
Industry Classification Benchmark (ICB), a
jointly developed classification system launched
by FTSE Group and Dow Jones Indexes, to classify
and analyse specific sectors of the Pakistan
stock market using internationally accepted
standards. The Industry Classification Benchmark
provides a comprehensive system with four levels
of granularity - industry (10), |
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full story»
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Business promotion
only option to arrest sagging economy SHR
Jahfery
Islamabad—Promotion of business is the best
option to turn-around the sagging economy,
arrest the trend of rising poverty, unemployment
& social unrest and government should take all
necessary measures to remove the problems
hindering the growth of trade & industry, opined
Mian Shaukat Masud, President, Islamabad Chamber
of Commerce & Industry while chairing a meeting
of businessmen at ICCI. |
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full story»
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Japan’s 2Q growth
weaker than first estimated Tokyo—Japan’s
growth in the second quarter was weaker than
initially thought, but government figures still
show that the world’s second largest economy has
managed to climb out of a recession. The Cabinet
Office said Friday that gross domestic product,
or the value of the country’s goods and
services, grew at an annual pace |
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full story»
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PARC scientists
working on new sugarcane breeds
Islamabad—Scientists at Pakistan Agricultural
Research Council (PARC) are working diligently
to develop new varieties of sugarcane to help
overcome shortage of sugar in coming years.
However, these varieties, which have maximum
sugar recovery and have been evolved over a
period of time spanning over seven years, would
not help overcome sugar crisis immediately, said
Shahbaz Ahmed, Scientist at National |
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full story»
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Trade deficit
narrows by 38.45pc Islamabad—Pakistan’s
trade deficit narrowed by 38.45 percent during
the first two months of financial year 2009-10
as against the same period of the last financial
year. Trade deficit during July-August (2009-10)
was recorded at $2.194 billion as against the
deficit of $3.564 billion recorded during
July-August (2008-09), according to Federal
Bureau of Statistics. Imports from the country
during the months under |
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full story»
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FOREX RATES |
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| USA |
83.00 |
82.80 |
| UK |
135.42 |
135.10 |
| Euro |
118.25 |
117.97 |
| Canada |
75.25 |
75.06 |
| Switzerland |
78.08 |
77.90 |
| Australia |
69.69 |
69.52 |
| Sweden |
11.50 |
11.47 |
| Japan |
0.8966 |
0.8945 |
| Norway |
13.72 |
13.68 |
| Singapore |
57.57 |
57.43 |
| Denmark |
15.89 |
15.85 |
| Saudi Arabia |
22.13 |
22.08 |
| Hong Kong |
10.71 |
10.68 |
| China |
12.15 |
12.12 |
| Kuwait |
289.10 |
288.40 |
| Malaysia |
23.52 |
23.46 |
| Newzealand |
56.41 |
56.27 |
| Qatar |
22.80 |
22.74 |
| UAE |
22.60 |
22.54 |
| KR WON |
0.0667 |
0.0666 |
| Thailand |
2.437 |
2.431 |
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©
Pakistan Observer 1998-2009,
All rights reserved |
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