News Archives for Print - 2008-08-05

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (August 04, 2008).

Published 05 Aug, 2008 12:00am

Punjab mills left with 2-3 days wheat stocks

Only two-to-three days wheat stocks are left with 90 percent flour mills in Punjab after which flour crisis would further deepen in the country, Flour Mills Association sources told Business Recorder, here on Monday.

Published 05 Aug, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (August 04, 2008).

Published 05 Aug, 2008 12:00am

35 killed as rains wreak havoc in NWFP

At least 35 people, including eight women and three children, were killed in torrential rains and floods related incidents in different parts of NWFP on Monday. Some rescue boats also capsized, resulting in missing 25 people, majority of whom were reporte

Published 05 Aug, 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 Monday (August 04, 2008).

Published 05 Aug, 2008 12:00am

35 killed as rains wreak havoc in NWFP

At least 35 people, including eight women and three children, were killed in torrential rains and floods related incidents in different parts of NWFP on Monday. Some rescue boats also capsized, resulting in missing 25 people, majority of whom were reporte

Published 05 Aug, 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 Monday (August 04, 2008).

Published 05 Aug, 2008 12:00am

Economic indicators worsening: expert

Pakistan''s economic indicators are worsening and remittances and loans would not support economy in the long term. This was stated by professor Dr Norbert Walter, the chief economist for Deutsche Bank group and CEO of Deutsche Bank research speaking on t

Published 05 Aug, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (August 04, 2008).

Published 05 Aug, 2008 12:00am

Economic indicators worsening: expert

Pakistan's economic indicators are worsening and remittances and loans would not support economy in the long term. This was stated by professor Dr Norbert Walter, the chief economist for Deutsche Bank group and CEO of Deutsche Bank research speaking on th

Published 05 Aug, 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 05 Aug, 2008 12:00am

Economic indicators worsening: expert

Pakistan's economic indicators are worsening and remittances and loans would not support economy in the long term. This was stated by professor Dr Norbert Walter, the chief economist for Deutsche Bank group and CEO of Deutsche Bank research speaking on th

Published 05 Aug, 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 05 Aug, 2008 12:00am

SECP turns down proposal to freeze market

The Securities and Exchange Commission of Pakistan (SECP) has turned down the proposal to freeze stock market on Monday''s closing level or index 9,500 points.

Published 05 Aug, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (August 04, 2008).

Published 05 Aug, 2008 12:00am

SECP turns down proposal to freeze market

The Securities and Exchange Commission of Pakistan (SECP) has turned down the proposal to freeze stock market on Monday's closing level or index 9,500 points.

Published 05 Aug, 2008 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 05 Aug, 2008 12:00am

SECP turns down proposal to freeze market

The Securities and Exchange Commission of Pakistan (SECP) has turned down the proposal to freeze stock market on Monday's closing level or index 9,500 points.

Published 05 Aug, 2008 12:00am

Rates stay put on grain market

Listless trading was again witnessed on the grain market on Monday as most of the commodities retained overnight levels in process of trading, dealers said. On the cereal side, wheat old and new (bardana) shed Rs 10 to Rs 2300-2315 due to easy supply, som

Published 05 Aug, 2008 12:00am

Resolution inked: Casarem project no substitute for IPI gas plan, says minister

The ministers of four countries on Monday inked a resolution to proceed further with the Central Asia/South Asia Regional Electricity Market (Casarem) project envisaging transmission of 1,300 MW from Tajikistan and Kyrgyzstan to Afghanistan and Pakistan;

Published 05 Aug, 2008 12:00am

Plastic mouldings end lower on Jodia Bazaar

The trading in plastic moulding compounds closed lower on Jodia Bazaar here on Monday. The following variations were noted.

Published 05 Aug, 2008 12:00am

Resolution inked: Casarem project no substitute for IPI gas plan, says minister

The ministers of four countries on Monday inked a resolution to proceed further with the Central Asia/South Asia Regional Electricity Market (Casarem) project envisaging transmission of 1,300 MW from Tajikistan and Kyrgyzstan to Afghanistan and Pakistan;

Published 05 Aug, 2008 12:00am

Ginners' strike halts normal business on cotton market

On the week's opening day, there was no normal business on the cotton market due to ginners' strike and it appears that dullness may continue for the near term, dealers said. The official spot rate did not show any further rise and stayed put at Rs 4150,

Published 05 Aug, 2008 12:00am

Resolution inked: Casarem project no substitute for IPI gas plan, says minister

The ministers of four countries on Monday inked a resolution to proceed further with the Central Asia/South Asia Regional Electricity Market (Casarem) project envisaging transmission of 1,300 MW from Tajikistan and Kyrgyzstan to Afghanistan and Pakistan;

Published 05 Aug, 2008 12:00am

Rain returns to some Brazil's coffee areas

Rain fell in some of Brazil's coffee growing zones over the weekend after weeks of dry weather and more showers could follow early in the next few days, private weather forecaster Somar said Monday. The heaviest rainfall was in Parana state where 29 milli

Published 05 Aug, 2008 12:00am

Musharraf for steps to arrest flight of capital: peace vital to economic progress

President Pervez Musharraf said here on Monday that the country''s economy was on a downslide because of the capital flight and unsatisfactory law and order situation in the country. Addressing a delegation of business community.

Published 05 Aug, 2008 12:00am

US sugar trade says ethanol not a savior, Doha unhelpful

American sugar growers will not be saved by producing the biofuel ethanol and the Doha round of farm trade talks has been a disappointment to the US sweetener industry, an official said Sunday.

Published 05 Aug, 2008 12:00am

Musharraf for steps to arrest flight of capital: peace vital to economic progress

President Pervez Musharraf said here on Monday that the country's economy was on a downslide because of the capital flight and unsatisfactory law and order situation in the country. Addressing a delegation of business community.

Published 05 Aug, 2008 12:00am

Shanghai copper lower

Copper closed lower in Shanghai on Monday, following a weak performance in London in the previous session as investors braced for more economic doom and gloom that is painting a lacklustre demand picture. London copper futures steadied after Friday's 2 pe

Published 05 Aug, 2008 12:00am

Musharraf for steps to arrest flight of capital: peace vital to economic progress

President Pervez Musharraf said here on Monday that the country's economy was on a downslide because of the capital flight and unsatisfactory law and order situation in the country. Addressing a delegation of business community.

Published 05 Aug, 2008 12:00am

Gold rebounds in Asia

Gold rebounded on Monday after oil jumped on supply worries, while platinum fell to its lowest level in more than six months on poor car sales, which will potentially slash demand for autocatalysts. The most active contract on Tokyo platinum futures tumbl

Published 05 Aug, 2008 12:00am

Asia gasoil-Jet: spread at 20-month low

Asia's gas oil intermonth swaps spread fell to a 20-month low on Monday, hit by heavy selling and sluggish demand. Regrade, or jet-kerosene's premium to gas oil, strengthened as a result, with the August spread firming to $3.75 a barrel from $3.50 in earl

Published 05 Aug, 2008 12:00am

Oil jumps above 126 dollars

Oil prices rose above 126 dollars in Asian trade on Monday over fresh worries about Iran's disputed nuclear programme and a new storm brewing in the Gulf of Mexico, dealers said. In morning trade, New York's main contract, light sweet crude for September

Published 05 Aug, 2008 12:00am

Indian sugar futures rise

Indian sugar futures climbed on Monday after an industry official forecast the output in the coming year to drop sharply due to inadequate rains and diversion of cane for fodder.

Published 05 Aug, 2008 12:00am

Russian grain prices decline on high crop

Russian grain prices declined last week on expectations this year's crop would be the biggest in the last several years, analysts said. "Prices were also negatively affected by the absence of news on government grain purchases, although fourth-grade wheat

Published 05 Aug, 2008 12:00am

Philippines 2008-09 sugar exports up, output down

The Philippines' sugar exports in 2008/09 are projected to increase more than 51 percent to 280,000 tonnes even though production next season will fall due to high production costs, a senior official of the Philippine Sugar Millers Association (PSMA) said

Published 05 Aug, 2008 12:00am

Asian naphtha slightly deepened

Asian naphtha crack spreads hovered around a week's low on Monday, while the half-month contango deepened slightly to reflect the ample supplies. Japan open-spec naphtha for front-month second-half September recovered $11.50 to $1,070 a tonne, while the c

Published 05 Aug, 2008 12:00am

Asian physical rubber

Asian physical rubber prices fell on Monday, pressured by a decline in Tokyo futures prices and an increase in physical supplies. Traders said prices started to fall from late last Friday as more supplies became available.

Published 05 Aug, 2008 12:00am

Tokyo rubber slips

Tokyo rubber futures fell more than 1 percent to a two-month low on Monday, as deteriorating technical charts and growing concerns that an economic downturn will erode tyre demand hit market sentiment.

Published 05 Aug, 2008 12:00am

Malaysian palm oil slides

Malaysian crude palm oil futures fell about on Monday, following a slide in soyoil prices, a drop in crude oil, and worries about a build-up in palm oil supplies, dealers said. The benchmark October contract on the Bursa Malaysia Derivatives Exchange clos

Published 05 Aug, 2008 12:00am

US sugar industry says Doha talks approach flawed

The US may have to revise its approach to the failed Doha farm trade talks because expectations by developing countries may be unrealistic, an official of the industry group American Sugar Alliance (ASA) said. Don Phillips, trade advisor of the ASA, told

Published 05 Aug, 2008 12:00am

HSBC profits sag 28 percent to $10.2 billion on bad debts

Europe's biggest bank HSBC reported a 28 percent fall in its first-half profit, in line with forecasts, as a $14 billion hit on bad debts on US home loans and asset writedowns offset strong Asian growth. HSBC said on Monday pretax profit in the six months

Published 05 Aug, 2008 12:00am

HSBC profits sag 28 percent to $10.2 billion on bad debts

Europe's biggest bank HSBC reported a 28 percent fall in its first-half profit, in line with forecasts, as a $14 billion hit on bad debts on US home loans and asset writedowns offset strong Asian growth. HSBC said on Monday pretax profit in the six months

Published 05 Aug, 2008 12:00am

Eurozone factory prices up at record pace in June

Euro zone producer prices rose at a record annual rate of 8.0 percent in June on soaring energy costs, data showed on Monday, adding to gloomy news for the European Central Bank three days before its meeting. Prices at factory gates in the 15 countries us

Published 05 Aug, 2008 12:00am

South Korea sells dollars after biggest fall in reserves

South Korea's foreign exchange reserves suffered their biggest-ever monthly drop in July, when the authorities reportedly spent some $15 billion propping up the won, using the currency as their main tool to fight inflation. Traders said the authorities so

Published 05 Aug, 2008 12:00am

India to retain curbs on farm exports, futures

India may extend the ban on futures trading in soyoil, rubber, chickpea and potato when it expires next month, and is expected to retain export curbs on rice and wheat for at least three months, a top official said.

Published 05 Aug, 2008 12:00am

'World wheat prices may fall further'

Wheat prices may fall further as exporters compete aggressively for business with feed quality supplies abundant and global production set to soar to a record level, Rabobank said on Monday.

Published 05 Aug, 2008 12:00am

Putin calls for new anti-cartel law

Russia's Prime Minister Vladimir Putin called on Monday for new anti-monopoly legislation to be drafted in September and put Finance Minister Alexei Kudrin in charge of drafting it.

Published 05 Aug, 2008 12:00am

China must recognise global trade role: Paulson

US Treasury Secretary Henry Paulson said on Monday China should accept greater responsibilities for its growing economic influence and he chided Beijing for what he called a protectionist stance in global trade talks. In an opinion article written for For

Published 05 Aug, 2008 12:00am

US inflation jumps, incomes barely rise

US consumer prices jumped at the sharpest rate in more than a quarter century during June, and consumers coping with soaring costs received their smallest income gain in a year, the government said on Monday. The Commerce Department said personal incomes

Published 05 Aug, 2008 12:00am

Executive resigns in dispute over Russia's TNK-BP

The chief financial officer of British-Russian oil company TNK-BP resigned on Monday, saying he could no longer carry out his duties because of a row between BP and its Russian partners, the company said. James Owen's resignation letter "states that as th

Published 05 Aug, 2008 12:00am

Doha deal only question of time, says Silva

Brazil's President Luiz Inacio Lula da Silva said on Monday that an accord in stalled global trade talks was only a question of time and that a deal was essential to tackle terrorism and immigration problems. The so-called Doha round of negotiations to sl

Published 05 Aug, 2008 12:00am

Iraq halts oil exports to Turkey

Iraq halted Kirkuk oil exports through its northern pipeline to Turkey on Monday, a shipping source said. The line is Iraq's secondary export route, transporting crude from the northern fields around Kirkuk to the Turkish Mediterranean oil terminal at Cey

Published 05 Aug, 2008 12:00am

Eurozone inflation to fall as growth slows: IMF

Inflation in the eurozone is likely to fall from current record highs as the economy slows, but the European Central Bank needs to be on guard because upside price risks are high, the IMF said on Monday. In an update to its report on the 15-nation single

Published 05 Aug, 2008 12:00am

One in five Iranians live below poverty line

At least 14 million Iranians live below the poverty line, according to a central bank report quoted by the press on Monday, adding to concern about the welfare of those worst off in Iran as prices soar. The central bank figures, published in the reformist

Published 05 Aug, 2008 12:00am

UBS wins injunction against defectors' startup

London's High Court has ordered startup Vestra Wealth, backed by US bank Goldman Sachs, to stay away from Swiss bank UBS's clients in Britain until a trial in October. UBS on Monday won a "springboard" injunction against Vestra, which had poached 75 of UB

Published 05 Aug, 2008 12:00am

Iran to offer oil, gas projects to draw investors

Iran is preparing more than 15 major oil and gas projects involving a "new method" to attract local and foreign investment, the head of Iran's state-owned energy firm told state radio on Monday. It was not clear if the "new method" meant a revision of Ira

Published 05 Aug, 2008 12:00am

China's COFCO, Japan's Itochu form food alliance

China's largest agricultural trading and processing company, COFCO, has enlisted Japanese trading house Itochu Corp to help it prepare for possible increases in demand for grains and other food from around the world.

Published 05 Aug, 2008 12:00am

Cambodia and Kuwait ink trade pacts

Impoverished Cambodia and oil-rich Kuwait on Monday inked five agreements, including trade, aviation and investment deals, during a meeting by prime ministers of the two countries, a spokesman said. Prime Minister Hun Sen and visiting Kuwaiti premier Shei

Published 05 Aug, 2008 12:00am

Jakarta shares dip

Indonesian shares slipped 1.0 percent on Monday, dragged down by other Asian markets, dealers said. The Jakarta Composite Index fell 21.08 points to 2,227.67 on volume of 2.53 billion shares worth 4.05 trillion rupiah (449 million dollars).

Published 05 Aug, 2008 12:00am

Malaysian shares slump

Malaysian share prices closed 0.9 percent lower on Monday, weighed down by losses across all sectors after a pullback on Wall Street last week, dealers said. The Kuala Lumpur Composite Index shed 10.42 points to close at 1,148.68, in modest volume of 388.

Published 05 Aug, 2008 12:00am

South Korean bonds fall

South Korean bond prices fell on Monday as firmer oil prices and a weaker won raised concerns inflation would remain high for an extended period. Analysts said investors appeared to have priced in chances for an interest rate increase at the central bank'

Published 05 Aug, 2008 12:00am

South Korean bonds fall

South Korean bond prices fell on Monday as firmer oil prices and a weaker won raised concerns inflation would remain high for an extended period. Analysts said investors appeared to have priced in chances for an interest rate increase at the central bank'

Published 05 Aug, 2008 12:00am

China stocks hit by economy fears

China's main stock index fell more than 2 percent on Monday and turnover in Shanghai A shares shrank to its lowest level since December 2006 as concern about the slowing economy continued to drive investors from the market.

Published 05 Aug, 2008 12:00am

JGBs rise as stocks, growth worries

The benchmark 10-year Japanese government bond yield fell to a four-month low on Monday as a slide in Tokyo share prices and worries about global growth spurred demand for the safety of government debt.

Published 05 Aug, 2008 12:00am

JGBs rise as stocks, growth worries

The benchmark 10-year Japanese government bond yield fell to a four-month low on Monday as a slide in Tokyo share prices and worries about global growth spurred demand for the safety of government debt.

Published 05 Aug, 2008 12:00am

Hong Kong stocks slide 1.5 percent

Hong Kong shares slid 1.5 percent on Monday in thin turnover, with bleak jobs data from the US intensifying recession worries and higher oil prices expected to further erode company profits. Resources stocks and related counters also fell on concern that

Published 05 Aug, 2008 12:00am

Seoul shares end down

Seoul shares closed lower on Monday led by heavy industry issues, with shipbuilders tumbling on news of cancelled orders, while worries about the US economy after bleak job data on Friday further dampened market sentiment. The Korea Composite Stock Price

Published 05 Aug, 2008 12:00am

Australian shares drop

Australian share prices closed down 0.33 percent on Monday as resources stocks lost ground, dealers said. The benchmark S&P/ASX 200 index dropped 16.3 points to 4,887.7, while the broader All Ordinaries fell 20.4 points to 4,957.6. A total of 842.57 milli

Published 05 Aug, 2008 12:00am

Thai share prices plunge

Thai share prices closed 0.59 percent lower on Monday in line with the other regional markets, dealers said. They said trading was lacklustre as investors remained cautious about the domestic political situation. The Stock Exchange of Thailand (SET) compo

Published 05 Aug, 2008 12:00am

Taiwan stocks weaken

Taiwan stocks fell 0.36 percent on Monday to a two-week closing low, as tourism stocks like Formosa Hotel fell sharply after reports that the scale of mainland Chinese tourism was well below expectations in the first month of a landmark tourism agreement.

Published 05 Aug, 2008 12:00am

Indian shares down

Indian shares fell 0.54 percent on Monday in choppy trade as crude oil prices rose and Asian markets slipped, dealers said. The benchmark 30-share Sensex index fell 78.82 points to 14,577.87, snapping a three-day rally. "Weak Asian markets and rising oil

Published 05 Aug, 2008 12:00am

Philippines shares slightly up

Philippines share prices closed 0.6 percent higher on Monday as investors hunted for bargains, dealers said. The composite index rose 15.76 points to 2,599.99 points. The all-share index gained 0.5 percent to 1,632.89 points. There were 47 advancers compa

Published 05 Aug, 2008 12:00am

Singapore shares slip

Singapore share prices closed 1.03 percent lower on Monday, dragged down partly by losses in property stocks, dealers said. Investor interest was also subdued ahead of a key Federal Reserve policy meeting on Tuesday to decide the direction of interest rat

Published 05 Aug, 2008 12:00am

Nikkei ends at two-week low

The Nikkei average fell 1.2 percent to a two-week closing low on Monday as carmakers slid on weak US auto sales data, with Nissan Motor also hit by a drop in profits. Global demand stocks such as Nippon Steel Corp slid along with automakers as investors m

Published 05 Aug, 2008 12:00am

Taiwan dollar at 2-1/2-month low

The Taiwan dollar fell for a fifth straight session to a 2-1/2-month low on Monday as more foreign funds left the island with the stock market persistently on a down trend. The Taiwan dollar had weakened to T$30.705 to the US dollar by 0144 GMT from the p

Published 05 Aug, 2008 12:00am

Swiss franc ticks up ahead of PMI

The Swiss franc inched higher on Monday against other major currencies ahead of the release of the Swiss Purchasing Managers' Index (PMI) as stock markets looked set to soften. The Swiss PMI for July is expected to fall to 53.3 points from 54.9 points in

Published 05 Aug, 2008 12:00am

Dollar dips on oil rise

The dollar dipped from near a five-week high against the euro as oil prices jumped above $126 a barrel, surrendering some of the gains scored last week after data showed US companies cutting fewer workers than expected. The US currency has staged a broad

Published 05 Aug, 2008 12:00am

Australian dollar

The Australian dollar struck fresh three-month lows against the US currency on Monday, with investors wary of any hints from the central bank that it could start lowering interest rates soon. No change to the 7.25 percent cash rate is expected, but the ma

Published 05 Aug, 2008 12:00am

Peso hurt most as Asian currencies falls

The Philippine peso fell to two-week lows and other Asian currencies dipped on Monday, undermined by a renewed rise in oil prices and nervousness over US and regional monetary policy meetings this week. Analysts expected the Federal Reserve to hold intere

Published 05 Aug, 2008 12:00am

Yuan falls in spot

The yuan fell against the dollar in the spot and forwards markets on Monday, and dollar/yuan volatilities shot up, as traders continued to price in China's apparent decision to slow long-term yuan appreciation. Implied 12-month yuan appreciation against t

Published 05 Aug, 2008 12:00am

Tennis stars join gold rush at 'Fifth Grand Slam'

The Australian Open, Roland Garros, Wimbledon and the US Open. And this year, a fifth Grand Slam: the Beijing Olympics. With the sport's biggest names lining up for a shot at gold, the Olympic tennis tournament provides a welcome shake-up to the usual ord

Published 05 Aug, 2008 12:00am

Strauss backs 'brave' Pietersen's appointment

Andrew Strauss has admitted Kevin Pietersen's appointment as England's new Test and one-day captain was a brave decision by the national selectors. South-Africa born Pietersen, 28, was confirmed as successor to Michael Vaughan, as well as replacing former

Published 05 Aug, 2008 12:00am

Gilchrist roots for including Twenty20 at Olympics

Former Australian star Adam Gilchrist has called for the inclusion of cricket's Twenty20 format at the 2020 Olympics, saying it will help secure the global future of the game. The wicketkeeper-batsman, who retired from international cricket this year but

Published 05 Aug, 2008 12:00am

Pietersen handed England captaincy

Kevin Pietersen was named as the new captain of England's Test and one-day teams on Monday. South African-born Pietersen, 28, replaces Michael Vaughan, who resigned on Sunday, to become England's 74th Test captain and also takes over the one-day side from

Published 05 Aug, 2008 12:00am

Tennis chiefs 'very disappointed' at Schuettler move

The International Tennis Federation (ITF) on Monday said it was "very disappointed" after Germany's Rainer Schuettler successfully appealed for late entry to the Olympics. The world governing body said the Court of Arbitration in Sport (CAS) ruling could

Published 05 Aug, 2008 12:00am

Dhoni awarded India's highest sporting honour

India's one-day and Twenty20 captain Mahendra Singh Dhoni has been awarded the country's top sporting honour, cricket board officials said Monday. Dhoni, 27, has been named winner of the Rajiv Gandhi Khel Ratna award for 2007 after he led a young Indian s

Published 05 Aug, 2008 12:00am

Kenya charges three in al Qaeda suspect's reported escape

Kenya charged three people on Monday with helping a top al Qaeda operative escape over the weekend, nearly 10 years after two US embassy blasts he is accused of planning put the militant group on the world stage.

Published 05 Aug, 2008 12:00am

Anwar says he is on track for power

Malaysia's de facto opposition leader Anwar Ibrahim is confident he can win over enough government legislators in a parliamentary vote in September to end over 50 years of rule by one party. Anwar said in an interview with Reuters on Monday that he would

Published 05 Aug, 2008 12:00am

Massive protest called for Bush visit to South Korea

South Korean activists said on Monday they planned a large candlelight rally to protest US President George W. Bush's visit on Tuesday and demand the two countries scrap a widely criticised beef import deal.

Published 05 Aug, 2008 12:00am

Philippines court halts Muslim land deal

The Philippines Supreme Court issued a temporary restraining order on Monday to halt a territorial deal between the government and Muslim separatists, the latest setback for peace in the nation's volatile south.

Published 05 Aug, 2008 12:00am

Nine dead, 91,000 flee homes in China floods

Nine people have died and more than 91,000 forced to flee their homes after torrential rain lashed eastern China causing severe flooding, state media reported Monday. The downpours killed nine people in Anhui province and affected 2.6 million others there

Published 05 Aug, 2008 12:00am

Saudi judge held in Dubai on hashish charge

A Saudi judge who served as head of an Islamic court has been arrested in the Gulf emirate of Dubai on charges of possessing and using drugs, a newspaper reported on Monday.

Published 05 Aug, 2008 12:00am

Great Rail Robber jailed

A thief who used a crane to steal five lorry-loads of track from one of Britain's busiest railway lines has been jailed for nearly three years. Anthony Porretta, 53, masterminded the theft of 171 tonnes of steel track, worth 83,000 pounds, to sell for scr

Published 05 Aug, 2008 12:00am

Chavez gets Russian fighter jets, warns US Fourth Fleet

President Hugo Chavez on Sunday said 24 missile-firing Russian Sukhoi fighter jets have been delivered to Venezuela, and warned the recently reactivated US Fourth Fleet to steer clear of Venezuelan waters. "We've received the 24 Sukhoi aircraft" complete

Published 05 Aug, 2008 12:00am

Muslim states urge UN to stall Beshir arrest warrant

Islamic countries urged the UN Security Council on Monday to stall any move by the International Criminal Court to issue an arrest warrant for Sudanese President Omar al-Beshir.

Published 05 Aug, 2008 12:00am

Iraqi leaders reach compromise on Kirkuk stand-off

Iraqi political leaders reached a tentative compromise on Monday that could resolve a stalemate over the fate of the oil-rich city of Kirkuk and allow local elections to go ahead, the deputy speaker of parliament said. Lawmakers rescheduled for Tuesday a

Published 05 Aug, 2008 12:00am

Westerners to be fingerprinted

Iran will start fingerprinting visitors from the United States, Britain and France, police said on Monday, listing three Western powers that are pressuring Tehran over its disputed nuclear programme. The move is a tit-for-tat measure for the United States

Published 05 Aug, 2008 12:00am

Iran says able to close key oil route 'easily'

Iran can easily close a key Gulf shipping route if it were attacked over its nuclear programme, the head of the Revolutionary Guards was quoted as saying on Monday, a move that could choke off world oil exports.

Published 05 Aug, 2008 12:00am

Iran tests naval weapon with 300 km range-report

Iran's Revolutionary Guards said on Monday they had tested a naval weapon that could destroy any vessel in a range of 300 km (190 miles), Iranian media reported. The comments are likely to stoke tensions over Iran's disputed nuclear programme after Tehran

Published 05 Aug, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 27	277.03
USD PKR Interbank Buying / Nov 27	277.83
USD to Japanese Yen / Nov 27	151.96
USD to Swiss Franc / Nov 27	0.88
Pound Sterling to USD / Nov 27	1.26
Euro to USD / Nov 27	1.05

Stock	Volume
S&P 500 / Nov 26	6,021.63
Nasdaq / Nov 26	19,175.58
Dow Jones / Nov 26	44,860.31
India Sensex / Nov 27	80,416.35
Tokyo Nikkei / Nov 27	38,134.97
Hang Seng / Nov 27	19,595.16
FTSE 100 / Nov 27	8,261.85
Germany DAX 30 / Nov 27	19,236.54

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold 10 Grams PKR / Nov 26	239,716
Petrol/Litre / Nov 27	248.38
Crude Oil USD/Barrel / Nov 27	69.12
Gold Spot USD/Ounce / Nov 27	2,647.32
Diesel/Litre / Nov 27	255.14

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 27 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 27 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 27 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 27 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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