Gold Rates & Silver Rates from major cities of Pakistan

Waheed Mahmood

Wednesday, September 29, 2010 24K 10 Grams Gold Rates Karachi (24-ct)Rs. 36,171.00 Hyderabad (24-ct)Rs. 36,171.00 Lahore (24-ct)Rs. 36,171.00 Multan (24-ct)Rs. 36,171.00 Islamabad (24-ct)Rs. 36,171.00 Faisalabad (24-ct)Rs. 36,171.00 Rawalpindi(24-ct)Rs. 36,171.00 Quetta (24-ct)Rs. 36,171.00 InternationalUSD 1,309.000 Wednesday, September 29, 2010 24K Per Tola Gold Rates Karachi (24-ct)Rs. 42,200.00 Hyderabad (24-ct)Rs. 42,200.00 Lahore (24-ct)Rs. 42,200.00 Multan (24-ct)Rs. 42,200.00 Islamabad (24-ct)Rs....

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PSE plans for future growth with NYSE platform

Waheed Mahmood

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Asian trading venue the Philippine Stock Exchange (PSE) has migrated to NYSE Technologies’ NSC V900 trading platform, in anticipation of a rise in overseas investment levels. The move allows the PSE to handle larger trading volumes and process trades 10 times faster than previously. NYSE Technologies, the commercial technology division of global exchange provider NYSE Euronext, launched NSC V900 in July 2010. “In today’s increasingly competitive exchange industry, cutting-edge and high performance technology is a key differentiator for continued volume growth and product innovation,” said PSE president and CEO Val Antonio Suarez. “The migration of PSE to the NSC V900 trading system complements our business strategy to further increase liquidity in our capital markets and introduce new investment...

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Govt taking steps to control prices

Waheed Mahmood

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ISLAMABAD : Prime Minister Syed Yousuf Raza Gilani said on Sunday that the government was taking steps to control prices of essential commodities. The prime minister said this during a visit to Sunday Bazaar at Aabpara here. He inquired about the supply and prices of essential commodities. He said he has directed the authorities to strictly monitor the rates at shops.Minister for Information Qamar Zaman Kaira accompanied the Prime Minist...

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China minister: U.S. move on yuan bill "redundant"

Waheed Mahmood

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(Reuters) - A U.S. congressional panel's approval of a bill on China's currency is "redundant", China's vice commerce minister said on Monday, adding that China will set policy on its currency according to its own needs. Vice Commerce Minister Chen Jian also told a media briefing on a visit to Taiwan that the yuan's recent rise would hurt China's exporters, but the effects would diminish over the long term. The yuan CNY=CFXS rose against the dollar on Monday even though the central bank lowered its mid-point after nine days of stronger fixings in the face of growing U.S. pressure on Beijing to let the currency rise faster. The U.S. House of Representatives Ways and Means Committee approved a bill on Friday, expected to be voted on this week, that would let the United States apply duties on...

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Brighter Outlook for Economic Recovery Makes Euro Stronger

Waheed Mahmood

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Second Week of Gains for Euro, Analysts Continue Forecast Decline The euro rallied last week despite the grim forecasts. This week the currency extended its rally, most notably against the dollar, against which it rose to the highest level since April. The analysts remained largely unconvinced, though, and continue predict the weakening of the euro. It’s true that main reason for the euro’s strength against other currencies was the weakness of those currencies. The US dollar weakened after the Federal Reserve signaled about the next phase of the quantitative easing. The Japanese yen lost its strength on the talks about the intervention....

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Gold hits record, silver reaches 30-yr peak

Waheed Mahmood

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LONDON: Gold rallied to record highs in Europe on Friday, with spot prices knocking on the door of $1,300 an ounce, as expectations grew that further quantitative easing may lead to increased volatility in the currency markets. Spot gold hit an all-time high of $1,299. 95 an ounce and was bid at $1,298. 30 an ounce at 1416 GMT, against $1,293. 50 late in New York on Thursday. US gold futures for December delivery hit a record $1,301. 60 an ounce and were later at $1,299. 60 an ounce, up $3. 30. Silver also reached its strongest in 30 years at $21. 45 an ounce, tracking gains in gold. Spot gold prices are struggling to take out resistance at the $1,300 an ounce level, but remain firmly underpinned by expectations of further weakness in the dollar,...

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International Forex Rate

Waheed Mahmood

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International Forex Rate Update on Sat, Sep 25 2010, 11:55 PST (GMT+5) Major Currencies Currency Units per USD USD per Unit Australian Dollar AUD 1.2488 0.8008 Canadian Dollar CAD 1.0903 0.9172 Euro EUR 0.7074 1.4137 Japanese Yen JPY 95.4654 0.0105 Pakistan Rupee PKR 81.11 0.0123 U.A.E Dirham AED 3.6727 0.2723 UK Pound Sterling GBP 0.6179 1.6185 US Dollar USD 1 1 Other Currencie...

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Pakistan Open Market Exchange Rates

Waheed Mahmood

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Pakistan Open Market Exchange Rates Update on Sat, Sep 25 2010, 11:56 PST (GMT+5) Currency Buying Selling Australian Dollar 80.6 81.6 Bahrain Dinar 225.53 225.6 Canadian Dollar 82.3 83.4 China Yuan 12.7 13.2 Danish Krone 14.9 15.3 Euro 113.6 115.2 Hong Kong Dollar 10.9 11.3 Indian Rupee 1.8 1.85 Japanese Yen 1 1.01 Kuwaiti Dinar 292.3 294 Malaysian Ringgit 27.2 27.8 NewZealand $ 56 58 Norwegians Krone 13.9 14.2 Omani Riyal 220.8 221.8 Qatari Riyal 23.4 23.5 Saudi Riyal 22.7 22.9 Singapore Dollar 63.85...

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Gold Rates & Silver Rates from major cities of Pakistan

Waheed Mahmood

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Friday, September 24, 2010 24K 10 Grams Gold Rates Karachi (24-ct)Rs. 35,528.00 Hyderabad (24-ct)Rs. 35,528.00 Lahore (24-ct)Rs. 35,528.00 Multan (24-ct)Rs. 35,528.00 Islamabad (24-ct)Rs. 35,528.00 Faisalabad (24-ct)Rs. 35,528.00 Rawalpindi (24-ct)Rs. 35,528.00 Quetta (24-ct)Rs. 35,528.00 InternationalUSD 1,298.00...

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IMF sees Pakistan inflation accelerating

Waheed Mahmood

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KARACHI : Inflation in Pakistan is expected to accelerate to 13.5 percent this year as massive summer floods push up prices for food and other staples, the International Monetary Fund said in its country report.Prior to the disaster, the IMF had projected average inflation for the current 2010/11 fiscal year at 11.5 percent, slightly below the 11.7 percent seen last year. The economic outlook has deteriorated sharply as a result of the floods, the IMF said, adding that gross domestic product (GDP) growth was unlikely to exceed 2.75 percent this fiscal year.The government earlier had targeted GDP growth of 4.5 percent this year, whereas the IMF expected it at 4.25 percent. The agriculture sector -- which accounts for 21 percent of GDP...

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