News Archives for Print - 2008-05-11

Print - 2008-05-11

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (May 10, 2008).

Published 11 May, 2008 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (May 10, 2008).

Published 11 May, 2008 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (May 10, 2008).

Published 11 May, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (May 10, 2008).

Published 11 May, 2008 12:00am

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 11 May, 2008 12:00am

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 11 May, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (May 10, 2008).

Published 11 May, 2008 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 11 May, 2008 12:00am

KCBT wheat ends lower

Hard red winter wheat futures on the Kansas City Board of Trade (KCBT) ended more than 2 percent lower on Friday, pressured by USDA's healthy wheat production outlook. The KCBT July ended down 22-1/2 cents, or 2.6 percent, at $8.45-1/2 per bushel, after f

Published 11 May, 2008 12:00am

Oil cake market rates

A few changes were seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The May vaida commenced inert at Rs 781.00 and that proved to be day's best at the same level and closing was seen at the same level. In proc

Published 11 May, 2008 12:00am

Firm trend in moderate trading on cotton market

Moderate trading was seen on cotton market on Saturday as prices were firm in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3375. Some spinners were active to make purchases to meet the urgen

Published 11 May, 2008 12:00am

Prices mostly turn higher on grain market

Moderate business was seen on the grain market on Saturday as a few buyers were active to meet the immediate needs, dealers said. On the seed side, rapeseed cakes low type was higher by Rs 40 to Rs 710 and better type rose by Rs 53 to Rs 720, they said. S

Published 11 May, 2008 12:00am

US corn, soya basis bids hold steady

Spot basis bids for soyabeans and corn held steady at processors and elevators around the US Midwest on Friday, grain dealers said. Cash prices for corn topped $6 per bushel in some areas, which spurred some light selling of old crop supplies by farmers,

Published 11 May, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 104,006 tonnes cargo including 60,348 tonnes import, 43,658 tonnes export cargo and 3,865 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday. The cargoes comprised of 95,690 tonnes dry cargo including 47,683 t

Published 11 May, 2008 12:00am

FOB Gulf Grain: lack of demand pressures corn, soya to steady

US FOB Gulf corn and soyabean basis offers were mostly steady on Friday, with corn under pressure from a lack of fresh export demand, traders said. Corn prices also weighed by ample supplies at Gulf export elevators, and importers having good cargoes in a

Published 11 May, 2008 12:00am

CBOT corn ends mixed

US corn futures closed mixed on Friday with new-crop months up on wet and cold weather that is slowing seedings of the 2008 US corn crop and threatening to trim production, traders said. CBOT May corn closed down 1/4 cent at $6.18-1/2 per bushel, while Ju

Published 11 May, 2008 12:00am

New York cocoa rises

US cocoa futures settled higher on Friday, with a boost from investor buying and a rallying crude oil market as the dollar fell, dealers said. "There's spec buying into trade and arbitrage selling," one cocoa trader said. The key ICE July cocoa contract s

Published 11 May, 2008 12:00am

New York sugar higher

Raw sugar futures finished firmer on Friday on investor buying inspired by another robust rally in crude values, but analysts feel market bears will reassert themselves if oil prices stall or falter next week. The key July sugar contract rose 0.15 cent to

Published 11 May, 2008 12:00am

Australian grain: wheat, rice plantings spurred by high prices

Dry eastern weather and high grains prices are sparking groundbreaking moves by Australian farmers to boost tonnages of wheat and rice in this season's crops. There is an unprecedented rush by growers to extend traditional dryland wheat areas with much-in

Published 11 May, 2008 12:00am

US rice ends mixed

US rough rice futures on the Chicago Board of Trade ended mixed on Friday after a volatile session, with the front months firm due to tight nearby supplies, traders said. New-crop months tumbled on profit-taking after USDA forecast world rice stocks to ex

Published 11 May, 2008 12:00am

CBOT, KCBT and MGE wheat firm; turn lower

CBOT, KCBT and MGE wheat opened firm on support from rallying corn and soya but quickly turned lower on bearish wheat numbers in USDA's May wheat production and supply/demand reports, traders said.

Published 11 May, 2008 12:00am

US platinum higher

Platinum futures ended higher on Friday as the launch of US platinum exchange-traded notes boosted sentiment, while gold also finished up on record crude oil prices.

Published 11 May, 2008 12:00am

Drop in China imports, more supply hits copper

A big rise in world copper prices is coming to an end as more metal reaches the market and China reduces imports, Australia & New Zealand Bank forecast on Friday. Demand in China for copper has largely underpinned a surge in global copper markets this yea

Published 11 May, 2008 12:00am

New York coffee up

Arabica coffee on trading ICE Futures US ended firm on Friday, but below a three-week high after origin selling capped gains from an rally of fund buying, dealers said."We triggered stops and only near $1.40, the origins started to sell," said one coffee

Published 11 May, 2008 12:00am

US copper closes near nine-day low

US copper futures finished sharply lower on Friday, sliding to a nine-day low after a surge in London Metal Exchange and weekly Shanghai Exchange warehouse stocks spooked investors, many of whom had already begun exiting positions this week, traders said.

Published 11 May, 2008 12:00am

Soya futures hit two-week top

Chicago Board of Trade soyabean futures surged to a two-week high on Friday, climbing about 4 percent on USDA's smaller-than-expected US soya supply forecast for the 2007/08 and 2008/09 marketing years, traders said. USDA pegged 2007/08 soyabean-ending st

Published 11 May, 2008 12:00am

Oil prices soar to new records last week

Oil prices rocketed to historic heights last week, hitting 126 dollars per barrel, as traders focused on concerns about supply disruptions while the dollar won back some ground.

Published 11 May, 2008 12:00am

China's Hu says Japan visit 'successful'

Chinese President Hu Jintao Saturday said his five-day visit to Japan, which has seen the traditional rivals commit to closer ties but also met protests over Beijing's rule in Tibet, was a success. On the final day of his trip, only the second visit ever

Published 11 May, 2008 12:00am

Nigeria placed on alert for al Qaeda attacks

Nigeria's security services were on high alert on Saturday after a warning from the police chief that al Qaeda could be planning a bombing campaign in Africa's most populous country. "The al Qaeda network has planned to send time bombs to Nigeria," Inspec

Published 11 May, 2008 12:00am

Tamil Tigers attack as Sri Lanka holds key local polls

Tamil Tiger rebels sank a navy cargo ship moored in the north-east of Sri Lanka on Saturday in an attack coinciding with key elections in the tense eastern province. The guerrillas said their Sea Tiger commandos managed to infiltrate the tightly guarded p

Published 11 May, 2008 12:00am

India's software state votes in high-stakes election

The southern Indian state of Karnataka voted Saturday in a crucial election Sonia Gandhi's ruling Congress party is battling to win as it faces a potential backlash over surging prices.

Published 11 May, 2008 12:00am

Serb voters poised to decide Europe or isolation?

A polarised Serbia on Saturday mulled the path it should take towards Europe or a likely return to isolation on the eve of polls seen as the most important since the fall of Slobodan Milosevic. In Sunday's general elections, a pro-Western alliance spearhe

Published 11 May, 2008 12:00am

Bush daughter Jenna to wed in Texas

In a welcome break from two wars, terrorism, soaring oil prices and other woes, US President George W. Bush on Saturday was to celebrate his daughter Jenna's wedding on his Texas ranch. Far from the pomp and publicity of past White House nuptials, Jenna,

Published 11 May, 2008 12:00am

Iraqi refugee rejects Danish order to divorce one wife

An Iraqi refugee ordered by Denmark to divorce one of his two wives if he wants to stay in the Scandinavian country is willing to move to Britain or even back to Iraq to avoid splitting his family, media reported Saturday.

Published 11 May, 2008 12:00am

Military judge rules against key Guantanamo figure

A US military judge has disqualified a Pentagon general who has been a key figure in Guantanamo war crimes tribunals from playing any role in the first case headed for trial, The New York Times reported on Saturday, Navy Captain Keith Allred ruled that Br

Published 11 May, 2008 12:00am

Tsvangirai to fight Mugabe in Zimbabwe election runoff

Zimbabwe opposition leader Morgan Tsvangirai said Saturday he would contest a presidential runoff poll in his violence-wracked country, but called for international peacekeepers and observers to ensure a fair vote.

Published 11 May, 2008 12:00am

Brown to offer flexible working to more parents

Millions of extra parents will be offered the right to ask for time off work under legislative proposals to be unveiled by Prime Minster Gordon Brown next week, the Financial Times reported on Saturday. The plans would form part of Brown's fightback again

Published 11 May, 2008 12:00am

Bangladesh to reopen talks with Tata on $3 billion investment

Bangladesh's military-backed government will reopen negotiations with Indian conglomerate Tata on Sunday on the group's record three-billion-dollar investment plan, officials said. Senior Tata officials led by its executive director Alan Rosling will meet

Published 11 May, 2008 12:00am

Cutting China inflation to remain top goal: Zhou

China's monetary authorities are struggling to address conflicting policy goals, but inflation will remain the top policy concern, the country's central bank governor said on Saturday.

Published 11 May, 2008 12:00am

Inflation risks on both sides: BoE's sentence

The Bank of England needs to balance upward pressures on inflation stemming from higher energy costs with downward pressures should the economic slowdown prove prolonged, according to policymaker Andrew Sentance. In a paper published in the World Economic

Published 11 May, 2008 12:00am

FBI probes counterfeit China computer parts

The FBI on Friday said an investigation into the sale of counterfeit Chinese computer components to the US government has recovered about 3,500 bogus devices with a retail value of $3.5 million.

Published 11 May, 2008 12:00am

Venezuela and China boost ties with refinery deal

Venezuela and China have agreed to build a refinery in China to process Venezuelan oil, advancing leftist President Hugo Chavez's push to boost ties between the Opec nation and one of the world's fastest-growing energy consumers.

Published 11 May, 2008 12:00am

Booming elsewhere, high-speed rail sees delays in US

In November the Eurostar bullet-train blew the doors off commuter rail travel, sprinting the 213 miles (343 kilometres) from London to Paris in two hours 15 minutes - and leaving tortoise-slow US trains in the dust. Over a similar distance - Washington to

Published 11 May, 2008 12:00am

Mizuho subprime loss above $5.8 billion

Subprime trading losses at Japan's Mizuho Financial Group Inc exceeded 600 billion yen ($5.84 billion) last business year, at least 13 percent more than what it had flagged just weeks ago, the Yomiuri newspaper reported on Saturday.

Published 11 May, 2008 12:00am

BMW to raise number of stores in China

Germany's BMW, the world's largest premium carmaker, plans to raise the number of stores in China by almost 50 percent to reach its sales targets in the country, Automotive News Europe newspaper reported, citing the head of BMW's China business.

Published 11 May, 2008 12:00am

ArcelorMittal sells off US steel mill

The world's largest steel group ArcelorMittal said Saturday it has finalised the 810 million dollar (525 million euro) sale of a plant in the United States to Russian steelmaker Severstal. It was ordered to dispose of the Sparrows Point plant in Baltimore

Published 11 May, 2008 12:00am

Pizza Hut rolling out all-natural pizza

YUM Brands Inc's Pizza Hut said on Friday it is responding to consumer demand for healthier food options by rolling out a new pizza made with all-natural ingredients. The move comes as Yum is expanding menus at its domestic Pizza Hut, Taco Bell and Kentuc

Published 11 May, 2008 12:00am

US economic growth outlook deteriorated: Blue Chip

Even with some signs of improvement in the US financial markets and a temporary boost from the economic stimulus package, the growth outlook for the second half of this year has deteriorated, according to a panel of economic forecasters. The weakest annua

Published 11 May, 2008 12:00am

Pentagon okays next phase of GPS III

The US Defence Department's chief arms buyer approved on Friday the next phase of the Global Positioning System navigation tool, paving the way for a multibillion-dollar contract award this month. Boeing Co and Lockheed Martin Corp are competing for a con

Published 11 May, 2008 12:00am

Shell losing 30,000 barrels per day after Nigeria oil attacks

Oil major Royal Dutch Shell said Saturday it was losing the equivalent of 30,000 barrels of crude oil per day because of recent attacks against its installations in Nigeria. The unrest in Nigeria, Africa's biggest oil producer, helped drive oil prices to

Published 11 May, 2008 12:00am

Vietnam starts building $6 billion oil refinery

Energy-hungry Vietnam started building its second oil refinery on Saturday, a 6.2 billion dollar complex, in a bid to feed the nation's booming economy, the State Oil company announced. Vietnam Oil and Gas Corporation (PetroVietnam), the oil monopoly in t

Published 11 May, 2008 12:00am

Afghan students join teachers' wages protest

Police used gunfire to disperse about 400 students demonstrating on Saturday in the Afghan capital in support of their teachers who are on strike demanding a pay rise, witnesses said. Officers fired shots into the air - although one said that it was in er

Published 11 May, 2008 12:00am

Brazil stocks slightly changed

Brazil's stocks seesawed near the unchanged mark on Friday as gains in state-controlled oil company Petrobras were offset by a slump in airlines and retailers. The Bovespa index of the Sao Paulo stock exchange dipped 0.11 percent to 69,645.7 points. World

Published 11 May, 2008 12:00am

Chile stocks end nearly flat

Chilean stock indexes erased early losses to end nearly flat on Friday, as late session gains led by iron ore exporter CAP helped offset oil and credit worries. The all-market IGPA index closed 0.1 percent lower at 13,753.75 points, bringing its loss for

Published 11 May, 2008 12:00am

US corporate bond spreads widen

US corporate bond spreads widened marginally on Friday after a record loss at American International Group Inc, the world's largest insurer, pushed stocks lower. AIG's loss and fresh troubles at a spate of other financial companies this week brought a hal

Published 11 May, 2008 12:00am

US corporate bond spreads widen

Published 11 May, 2008 12:00am

US Treasury prices up

US government debt prices edged up on Friday as resurgent credit worries sparked demand for safe-haven Treasuries, propelling benchmark 10-year notes to their best week in nearly two months. Bonds gained following news late Thursday that American Internat

Published 11 May, 2008 12:00am

US Treasury prices up

Published 11 May, 2008 12:00am

Sleepy deals to debut in slow US IPO market

Enthusiasm is scarce for next week's initial public offerings, which include a real estate firm and glossy-paper maker, despite a surprisingly strong debut of Colfax Corp on Thursday.

Published 11 May, 2008 12:00am

Emerging market sovereign debt spreads widen

Emerging market sovereign debt yield spreads widened marginally on Friday with investors nervous given the lack of direction in core global financial markets. The benchmark J.P. Morgan Emerging Markets Bond Index Plus yield spread widened by three basis p

Published 11 May, 2008 12:00am

Emerging market sovereign debt spreads widen

Published 11 May, 2008 12:00am

Argentine stocks surge

Argentine stocks bucked the downward regional trend on Friday because of safe-haven buying triggered by a prolonged farming conflict and a further weakening of the peso, traders said. The MerVal index of leading stocks closed up 0.59 percent to 2,114.44 p

Published 11 May, 2008 12:00am

Mexican stocks decline

Mexican stocks slipped on Friday, dragged down by losses in shares of miners as global metals prices fell, while bonds fell for a third straight day after inflation hit a three-year high. The benchmark IPC stock index lost 0.25 percent to 30,674.36 points

Published 11 May, 2008 12:00am

Toronto stocks hit by profit-taking

The Toronto Stock Exchange's main index finished in the red on Friday as profit-taking cooled the energy sector even though oil prices hit another record high. The S&P/TSX composite index dropped 86.80 points, or 0.59 percent, to close at 14,521.19.

Published 11 May, 2008 12:00am

Canadian bond prices rally

The Canadian bond prices rose on Friday, ignoring the higher headline numbers in the economic data, as they were not seen altering the interest rate outlook. "You had a big move down in US yields this week that Canada really was somewhat insulated from, a

Published 11 May, 2008 12:00am

Canadian bond prices rally

Published 11 May, 2008 12:00am

American credit market outlook

American International Group's credit spreads are likely to widen further after the world's largest insurer suffered a record loss in the first quarter and warned that the market for mortgage assets has not bottomed out yet.

Published 11 May, 2008 12:00am

American credit market outlook

Published 11 May, 2008 12:00am

AIG's loss and record oil sour mood on Wall Street

US stocks fell on Friday as the price of oil set another record and concerns about the financial sector flared up again after American International Group Inc reported a massive loss. AIG's dismal results raised doubts that the end of the credit crisis wa

Published 11 May, 2008 12:00am

South Korean won hits new 2-1/2-year low

The South Korean won touched a more than two-and-a-half-year low against the dollar on Friday, as weaker domestic stocks and record-breaking oil prices caused importers to dump the local currency. But the won recovered some of the early loss, helped by ex

Published 11 May, 2008 12:00am

Forex outlook: bias in dollar's favour

The dollar could gain modestly next week provided April US retail sales don't fall more than expected when data is released on Tuesday, and as investors focus on any more signs of slowing growth in the euro zone. Analysts said market perceptions that the

Published 11 May, 2008 12:00am

Dollar down as credit market concern rises

The dollar fell on Friday as another round of credit market losses prompted investors to reduce exposure to risky assets and heightened concern about the health of the US economy. The US currency fell sharply against the yen after American International G

Published 11 May, 2008 12:00am

Kenya shilling stays in tight range versus dollar

Kenya's shilling was largely unchanged against the US currency on Friday in a thin-trade session, but dealers predicted that it might weaken slightly on banks squaring their positions. Commercial banks posted the local unit at 61.60/70 against the greenba

Published 11 May, 2008 12:00am

IMM speculators increase bets against US dollar

Currency speculators increased bets against the US dollar in the latest period, weekly data from the Commodity Futures Trading Commission showed on Friday. The value of the net short US dollar position rose to $8.58 billion in the week to May 6, up from $

Published 11 May, 2008 12:00am

Canadian dollar up over a cent

The Canadian dollar rose more than a cent against the US dollar on Friday, a move attributed to technical factors as well as domestic jobs data, against a positive backdrop of record-setting oil prices. Domestic bond prices rallied, playing catch-up with

Published 11 May, 2008 12:00am

Taiwan dollar jumps

The Taiwan dollar jumped on Friday after falling in early trade as the US currency lost value globally, pushing non-deliverable forward rates in Taiwan's favour as exporters bought the local unit, dealers said. The Taiwan dollar closed at T$30.653 against

Published 11 May, 2008 12:00am

Everton can crack top four says Keegan

Kevin Keegan believes Everton, who will try to clinch a UEFA Cup place against his Newcastle side on Sunday, could be the only team capable of breaking into the top four next season. The Merseysiders have been in the Champions League places as recently as

Published 11 May, 2008 12:00am

Football Challenge Cup: PPWD eliminate Pak Steel 2-1

Pakistan Public Works Department (PPWD) became the eight and last quarter-finalist when they edged out luckless Pak Steel 2-1 to complete frame of quarter-finals of National Football Challenge Cup 2008. The quarterfinal will be comprised of five Karachi b

Published 11 May, 2008 12:00am

Flintoff ruled out of opening two Tests

Andrew Flintoff will miss England's first two Test matches against New Zealand after suffering a side strain playing for Lancashire. The 30-year-old allrounder was expected to return to international action in next week's opening Test at Lord's after impr

Published 11 May, 2008 12:00am

Australia wary of facing improving West Indies

Australia's cricketers flew out of Sydney on Saturday bracing themselves for a tough tour of the West Indies.The Australians are overwhelming favourites to win the three tests and five one-day internationals but captain Ricky Ponting said the players were

Published 11 May, 2008 12:00am

Ivanovic upset

World number two Ana Ivanovic suffered a surprise 6-2 7-5 defeat by Elena Dementieva in the semi-finals of the German Open on Saturday.

Published 11 May, 2008 12:00am

Safina beats Azarenka for place in Berlin final

Dinara Safina of Russia booked a place in the German Open final with a 6-4 6-1 win over unseeded Belarussian teenager Victoria Azarenka on Saturday. The 22-year-old 13th seed has beaten world number one Justine Henin and eight times grand slam winner Sere

Published 11 May, 2008 12:00am

Title should be decided in playoff: Chelsea's Grant

The Premier League should be decided in a playoff in future if teams finish level on points at the top, Chelsea manager Avram Grant said on Friday. Chelsea go into the final weekend of the season level on 84 points with leaders Manchester United but they

Published 11 May, 2008 12:00am

Djokovic and Wawrinka reach Rome final

Australian Open champion Novak Djokovic and unseeded Swiss Stanislas Wawrinka will meet in the final of the Rome Masters on Sunday after both their semi-final opponents retired injured on Saturday. Serbian third seed Djokovic went through after unseeded C

Published 11 May, 2008 12:00am

Supreme Court to hear Salim Malik's life ban appeal on May 19

Pakistan's former captain Salim Malik said on Saturday he hoped to overturn his life ban for alleged involvement in match-fixing after the country's top court granted him an appeal hearing. Malik was banned by a match-fixing inquiry in 2001 after three to

Published 11 May, 2008 12:00am

US makes changes to cremations for slain troops

The Pentagon ordered changes to procedures for the cremation of slain troops after concerns emerged about the military's use of a crematorium that burns both human and animal remains, officials said on Friday. "There is no mission more important than the

Published 11 May, 2008 12:00am

Fuel shortage forces Gaza blackout

A fuel shortage forced the Gaza Strip's main power station to shut down on Saturday, leaving much of the Hamas-controlled territory without electricity, a senior official at the generating plant said. "We are shutting down because we have run out of fuel

Published 11 May, 2008 12:00am

Sudan rebels say they entered Khartoum

A Darfur rebel commander said on Saturday his JEM group had entered Khartoum and was aiming to take power in Sudan. Khartoum was placed under an overnight curfew after fighting in the west of the capital. Heavy gunfire was heard and helicopters and army v

Published 11 May, 2008 12:00am

Malaysia begins pullout of Philippine monitors

Malaysian peacekeepers began a phased withdrawal from the Philippines' troubled south on Saturday, raising worries that decades of Muslim rebellion in the mainly Catholic nation may resume. Twenty-eight of 41 Malaysian soldiers and police officers were pi

Published 11 May, 2008 12:00am

US envoy takes nuclear documents out of North Korea

A US nuclear envoy returned from North Korea on Saturday, shuttling boxes of documents detailing Pyongyang's production of arms-grade plutonium across the Cold War border dividing the two Koreas. US officials have said turning over the 18,000 to 19,000 pa

Published 11 May, 2008 12:00am

French primary school pupils to study slavery

French primary school children will start studying the history of slavery from the next academic year to increase awareness in society of the suffering it caused, President Nicolas Sarkozy said on Saturday.

Published 11 May, 2008 12:00am

Fighting kills 13

At least 13 people were killed in fighting between US forces and Shia militiamen in Baghdad's Sadr City, officials said on Saturday, as clerics there hit out at the Shia religious leadership for turning a blind eye to the deadly offensive.

Published 11 May, 2008 12:00am

Iraq, Sadr bloc agree truce

Iraq's government on Saturday agreed a truce with the movement of cleric Moqtada al-Sadr to halt weeks of fighting in eastern Baghdad between Shia militia and security forces, officials said. The truce could end violence that has killed several hundred pe

Published 11 May, 2008 12:00am

UN appeals for $187 million in aid, relief flights resumed: Myanmar holds poll despite post-cyclone chaos

Myanmar held a rare election to approve a new army-drafted constitution on Saturday while many of the 1.5 million survivors of a devastating cyclone waited in vain for a concerted aid effort to bring them food and medicine.

Published 11 May, 2008 12:00am

Report on two emergent polio cases sought

Sindh Minister for Health Dr Sagheer Ahmed has directed the Sindh Secretary Health to submit a report regarding emergence of two new polio cases in Naushehro Feroz and Jacobabad districts. He further directed the Department to explain why new cases of pol

Published 11 May, 2008 12:00am

Rulers must avoid playing with national issues: Achakzai

Convenor All Parties Democratic Movement (APDM), Chairman Pashtunkhwa Milli Awami Party Mehmood Khan Achakzai on Saturday claimed that people would reject those political parties which are hindering restoration of judges.

Published 11 May, 2008 12:00am

Subsidised CNG for transport sector

The government has launched a compressed natural gas (CNG) bus service in Islamabad-Rawalpindi as part of a comprehensive programme aimed at providing modern environment-friendly public transport service. Initially, ten buses are to ply on the roads, whil

Published 11 May, 2008 12:00am

Dangerous tooth pastes

According to a report in a Lahore daily, the Health Ministry's Drugs Registration Board has cancelled registration of all anti-diarrhoeal drugs containing Kaolin or Pectin, prohibiting their manufacture and sale. Recently the Government of China banned us

Published 11 May, 2008 12:00am

Revocation of PCO

As 160 million Pakistanis held their breath in the hope for the politicians to restore the deposed judiciary, the thirty-day deadline came and was gone without even a whimper. Another deadline is promised for May 12. Following the announcement of May 12 d

Published 11 May, 2008 12:00am

US friendship with Israel 'unwavering' 60 years on

Only last month, US federal authorities charged an American man for spying on behalf of Israel, passing along nuclear and other closely guarded secrets in a case connected to the more infamous Jonathan Pollard case of the 1980s.

Published 11 May, 2008 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.85
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
India Sensex / Nov 25	80,109.85
Tokyo Nikkei / Nov 25	38,242.02
Nasdaq / Nov 25	18,054.84
Hang Seng / Nov 25	19,255.06
FTSE 100 / Nov 25	8,291.68
Dow Jones / Nov 25	44,736.57
Germany DAX 30 / Nov 25	19,405.20

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 25	17,685
Gold 10 Grams PKR / Nov 25	244,860.20
Petrol/Litre / Nov 26	248.38
Crude Oil USD/Barrel / Nov 26	69.12
Gold Spot USD/Ounce / Nov 26	2,630.41
Diesel/Litre / Nov 26	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 26 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 26 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 26 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 26 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 26 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 26 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 26 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 26 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
Waves Home Appliances / Nov 26 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

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