Pakistan Observer

Appearing from Islamabad, Karachi, Lahore, Peshawar, Muzaffarabad & Quetta

Thursday, October 29, 2009, Zhul-Q'ada 09, 1430

 
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Business News
 
Pakistan first commodity exchange
Trading in gold, rice, palm oil, crude oil in pipeline


Amanullah Khan

Karachi—The commodity exchange, country’s first is on its way to play a greater role in the national economy when it becomes fully operational in coordination with other commodity exchanges around the world. The National Commodities Exchange Limited (NCEL) continues to offer fresh memberships with lucrative opportunities in a growing commodity trade market.

full story»  

 
Pakistan, Turkey to set up ‘Project Group’

Islamabad—Pakistan and Turkey have agreed to form a “Project Group” to examine priority areas of cooperation for promotion of investment in Mining, Oil and Gas, Textiles, Agriculture, Livestock and Dairy, Energy, Engineering and Infrastructure and Construction.

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Trans LoC trade
Traders demands should be fulfilled


Islamabad—The President of Jammu and Kashmir Joint Chamber of Commerce and Industry, Zulfiqar Abassi, has said that trans-LoC trade could not be sustained any longer if demands of traders on either side were not fulfilled by the Governments of India and Pakistan. Abbasi, who was recently re-elected as the president of JKJCCI, said this while talking to Greater Kashmir. He said various institutions involved in the trade were facing severe difficulties due to lack of infrastructure and communication system.

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Stocks tumble after Meena Bazaar blast

Karachi—Panic selling suppressed leading scrips at Karachi Stock Exchange (KSE) Wednesday on the news of bomb blast in Peshawar, as 100-Index dipped by 83.65 points to close at 9,251.84, dealers said. Sattar Memon, a dealer at a leading brokerage house said that market was bullish in the morning and 100-Index jumped by 50 points in minutes at the start of trading.

full story»  

 
Pak to use Chinese tech in housing projects

Beijing—Pakistan wants to benefit from the efficient, environment friendly, energy saving, low cost, with stand natural calamities like earthquake and rapid construction techniques of China in housing sector. In order to acquire firsthand knowledge of these technologies and materials being used by China in its various housing projects and high-rise buildings, a high level Pakistani delegation is currently on a visit here and holding meetings with various top Chinese enterprises.

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Forex FOREX RATES
USA 83.40 83.20
UK 136.50 136.17
Euro 123.59 123.29
Canada 78.33 78.14
Switzerland 81.70 81.50
Australia 76.17 75.99
Sweden 11.96 11.93
Japan 0.9126 0.9104
Norway 14.76 14.72
Singapore 59.59 59.45
Denmark 16.60 16.56
Saudi Arabia 22.24 22.19
Hong Kong 10.76 10.74
China 12.22 12.19
Kuwait 292.14 291.44
Malaysia 24.45 24.39
Newzealand 61.92 61.77
Qatar 22.90 22.85
UAE 22.71 22.65
KR WON 0.0699 0.0697
Thailand 2.494 2.488
 

 

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