News Archives for Print - 2008-11-16

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (November 15, 2008).

Published 16 Nov, 2008 12:00am

G20 leaders agree six-point plan to tackle economic slump

Leaders from the 20 biggest economic powers agreed on Saturday to a six-point plan for tackling slumping economic activity with stepped-up co-operation, according to a final statement after a Washington summit. The following are the points as listed in th

Published 16 Nov, 2008 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (November 15, 2008).

Published 16 Nov, 2008 12:00am

G20 leaders agree six-point plan to tackle economic slump

Leaders from the 20 biggest economic powers agreed on Saturday to a six-point plan for tackling slumping economic activity with stepped-up co-operation, according to a final statement after a Washington summit. The following are the points as listed in th

Published 16 Nov, 2008 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Saturday (November 15, 2008).

Published 16 Nov, 2008 12:00am

G20 leaders agree six-point plan to tackle economic slump

Leaders from the 20 biggest economic powers agreed on Saturday to a six-point plan for tackling slumping economic activity with stepped-up co-operation, according to a final statement after a Washington summit. The following are the points as listed in th

Published 16 Nov, 2008 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (November 15, 2008).

Published 16 Nov, 2008 12:00am

Pakistan to get $7.6 billion under IMF programme: Tarin

Pakistan, after seven years'' gap, has finally re-entered the International Monetary Fund (IMF) programme to receive $7.6 billion for replenishing its fast depleting reserves, after its friends, multilaterals and other donor agencies and international fin

Published 16 Nov, 2008 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (November 15, 2008).

Published 16 Nov, 2008 12:00am

Pakistan to get $7.6 billion under IMF programme: Tarin

Pakistan, after seven years' gap, has finally re-entered the International Monetary Fund (IMF) programme to receive $7.6 billion for replenishing its fast depleting reserves, after its friends, multilaterals and other donor agencies and international fina

Published 16 Nov, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (November 15, 2008).

Published 16 Nov, 2008 12:00am

Pakistan to get $7.6 billion under IMF programme: Tarin

Pakistan, after seven years' gap, has finally re-entered the International Monetary Fund (IMF) programme to receive $7.6 billion for replenishing its fast depleting reserves, after its friends, multilaterals and other donor agencies and international fina

Published 16 Nov, 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 (November 15, 2008).

Published 16 Nov, 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 (November 15, 2008).

Published 16 Nov, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (November 15, 2008).

Published 16 Nov, 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 16 Nov, 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 16 Nov, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (November 15, 2008).

Published 16 Nov, 2008 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 Nov, 2008 12:00am

Bangladesh seeks to import 100,000 tonnes wheat

Bangladesh has issued an international tender to import 100,000 tonnes of wheat by early February to boost its emergency food stocks, a senior food official said on Saturday. The tender issued by the Food and Disaster Management Ministry, will close on De

Published 16 Nov, 2008 12:00am

Prices remain range bound in thin trade on cotton market

Firmness persisted on the cotton market on Saturday as phutti prices moved with modest gain amid slow trading, dealers said. The official spot rate firmly held at overnight levels at Rs 2950, they said. While, the phutti prices inched up with modest gain

Published 16 Nov, 2008 12:00am

Chemicals end lower on Jodia Bazaar

The trading in chemicals closed lower on Jodia Bazaar here on Saturday. The following changes were observed.

Published 16 Nov, 2008 12:00am

Wheat price soars on grain market

Wheat prices were sharply higher amid modest business on the grain market on Saturday as most of the commodities were unmoved due to lack of fresh of leads, dealers said.

Published 16 Nov, 2008 12:00am

Bangladesh third quarter grain imports drop

Bangladesh's food-grain imports dropped more than 42 percent year on year to 504,000 tonnes in the third quarter after record production of rice, officials said. Bangladesh produced a summer rice crop of 17.5 million tonnes against 15 million tonnes last

Published 16 Nov, 2008 12:00am

Palm oil may slide to 1,200 ringgit if crude hits $50: Mistry

Malaysian crude palm oil futures could slide by a quarter to 1,200 ringgit per tonne if US crude oil prices decline to $50 a barrel while the health of the global economy worsens, top industry analyst Dorab Mistry said on Tuesday.

Published 16 Nov, 2008 12:00am

US copper rises

US copper futures closed up more than 5 percent Friday, pulled higher by chart-based buying and strength in the broader commodity complex, brokers said. Copper for December delivery jumped 8.40 cents, or nearly 5.2 percent, to settle at $1.7225 a lb on th

Published 16 Nov, 2008 12:00am

US gold up

US gold futures ended more than 5 percent higher on Friday as heavy buying by funds triggered buy stops ahead of the Group of 20 summit, which could set a positive tone for the bullion market.

Published 16 Nov, 2008 12:00am

Malaysia's palm oil refinery capacity seen flat on crisis

Palm oil refinery capacity in Malaysia, the No 2. producer of the vegetable oil, is likely to remain flat at 19.2 million tonnes next year as some refiners tread cautiously in a constricted global credit market after years of expansion, a top industry bod

Published 16 Nov, 2008 12:00am

Indian sugar futures fall

Indian December sugar futures fell on Friday as millers started delivering in far-month contracts, but a sharp drop in inflation raised the prospect of tighter supplies and capped losses. At 1:54 pm (0824 GMT), the December contract on the National Commod

Published 16 Nov, 2008 12:00am

US rice up

US rice futures on the Chicago Board of Trade rose on Friday to end up 1.5 percent on a technical bounce after falling to a 10-month low this week, traders said. January rice held support at $13.90, triggering more chart-based buying, ending up 21-1/2 cen

Published 16 Nov, 2008 12:00am

Iran faces rice shortage, needs imports: report

Iran faces an annual shortage of 1.2 million tonnes of rice, which needs to be covered through imports, Commerce Minister Massoud Mirkazemi said in comments published on Saturday. The figure was lower than an estimate given by the minister in June, when h

Published 16 Nov, 2008 12:00am

New York coffee up

New York arabica coffee futures settled firmer Friday as position rolling out of the front month dominated the session while investor buying gave the market an additional boost, traders said. ICE Futures US March arabica finished up 0.50 cent at $1.1545 p

Published 16 Nov, 2008 12:00am

More soyaoil to go for biodiesel output

Biodiesel production could account for as much as 25 percent of total soyoil consumption in the US, Argentina, Brazil and European Union in 2008/09, oilseeds analyst Oil World forecast on Tuesday. "This development is limiting soy oil export supplies on t

Published 16 Nov, 2008 12:00am

Argentine soy sowing advances well

Argentine farmers forged ahead with sowing the 2008/09 soy crop this week but rains are needed in some areas, the Agriculture Secretariat said on Friday in a weekly crop progress report. The secretariat estimates a record soy area of 18.1 million hectares

Published 16 Nov, 2008 12:00am

US soy futures recover

US soybean futures on the Chicago Board of Trade ended higher Friday on a technical bounce sparked by spillover buying from wheat, traders said. January soybeans ended 2 cents higher at $8.96 a bushel, below its 20-day moving average of $9.13-1/2. Deferre

Published 16 Nov, 2008 12:00am

New York sugar settles firm

Raw sugar futures finished higher Friday on modest investor short-covering although confidence remained shaky and a further probe lower seems likely in the weeks ahead, brokers said. The key March raw sugar contract rose 0.23 cent to finish at 11.65 cents

Published 16 Nov, 2008 12:00am

Falling US copper imports point to long recession

A sharp fall in US copper imports reflects a deepening economic slowdown and points to further weakening in construction and manufacturing, and the price of copper, before the growth outlook gets better. Data from the United States International Trade Com

Published 16 Nov, 2008 12:00am

Plunging oil prices spark emergency Opec output meet

Oil prices sank last week to three-and-a-half-year lows close to 50 dollars a barrel, prompting the Organisation of Petroleum Exporting Countries (Opec) exporters' cartel to call an emergency meeting to discuss a mooted output cut. Commodity markets took

Published 16 Nov, 2008 12:00am

KCBT wheat futures higher

Hard red winter wheat futures on the Kansas City Board of Trade settled Friday's two-sided session higher on short-covering moves that follow a string of recent losses. The KCBT December contract ended up 15-1/4 cents at $5.93-1/4 per bushel, and the Marc

Published 16 Nov, 2008 12:00am

FOB Gulf corn down

US FOB Gulf corn basis offers for December shipment were lower on Friday amid a lack of export demand, while soybeans were mostly steady. Traders said export demand for corn was expected to remain weak amid competition from feed wheat in Europe. Prices fo

Published 16 Nov, 2008 12:00am

US corn futures up

US corn futures closed higher on Friday, following a strong rally in wheat. Gains were limited by spillover pressure from lower crude oil, falling stock markets and a low number for corn in USDA's weekly export sales report. CBOT corn closed 3/4 to 3-3/4

Published 16 Nov, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 65,838 tonnes of cargo including 38,186 tonnes of import, 27,652 tonnes of export, 3,338 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.

Published 16 Nov, 2008 12:00am

US wheat futures higher

US wheat futures closed higher on Friday as traders covered shorts despite bearish fundamentals that overhang the market. The Chicago Board of Trade December soft red winter wheat contract closed up 16 cents a bushel at $5.54-1/4, a gain of nearly 3 perce

Published 16 Nov, 2008 12:00am

US Midwest corn, soya mostly steady to firmer

US Midwest corn and soyabean basis bids were mostly steady to firm on Friday amid little farmer selling interest, while soft red winter wheat basis held steady, grain merchants said. Corn and soyabean basis was mixed at Midwest river locations, underpinne

Published 16 Nov, 2008 12:00am

German government calls meetings on car industry aid

Germany has called for meetings of ministries, regions and producers to discuss aid for the car industry as calls mount to give ailing manufacturers such as General Motor's Opel unit access to cash.

Published 16 Nov, 2008 12:00am

India cbank takes more steps on liquidity, credit

India's central bank said on Saturday the global financial crisis was having a bigger than expected impact on the domestic economy and it was taking measures to augment market liquidity and help export sectors. It said it would continue a special repurcha

Published 16 Nov, 2008 12:00am

'Nigeria oil pipeline sabotaged in delta'

A Nigerian crude oil pipeline operated by US major Chevron was sabotaged in the Niger Delta, but it was not yet clear whether production was affected, a military spokesman said on Saturday. A crude oil pipeline that feeds into the Escravos export terminal

Published 16 Nov, 2008 12:00am

Caspian energy powers split at anti-Russian summit

Caspian Sea energy nations showed this week they remain close to Moscow's sphere of influence as some key producers declined to sign a declaration calling for a limit on Russian monopoly over export routes to the West. The harshest critics of Moscow's ene

Published 16 Nov, 2008 12:00am

EU slaps duties on Chinese goods as G20 meets

The European Union put anti-dumping duties on Chinese-made candles and non-alloy steel products on Saturday, approving an earlier-flagged move as leaders at the G20 summit called for countries to avoid trade protectionism. With trade disputes between Brus

Published 16 Nov, 2008 12:00am

Italy employers slash growth forecasts, rap ECB

Employers' confederation Confindustria on Saturday slashed its forecasts for Italy's economy and said the country faced its longest recession since World War Two. The business lobby said the euro zone's third largest economy would contract by 0.4 percent

Published 16 Nov, 2008 12:00am

Risks rise for Chinese banks as economy turns down

Chinese banks are in the best shape ever, but they face a rougher ride in 2009 as the economy turns down, a senior financial regulator said on Saturday. "Domestically, as the global financial crisis deepens and the global recession continues, the downside

Published 16 Nov, 2008 12:00am

Brown hits back over pound collapse comment

British Prime Minister Gordon Brown launched a scathing attack on the opposition Conservative Party on Saturday after a senior member said government plans to borrow more could lead to the collapse of sterling. Speaking in Washington, where he has joined

Published 16 Nov, 2008 12:00am

Economic crisis needs co-ordinated global response: Obama

The current economic crisis may have presented several challenges, but it also presents the United States with the opportunity to fix long-term problems, President-elect Barack Obama said in a radio address Saturday.He was not attending the G20 summit but

Published 16 Nov, 2008 12:00am

Spreads blow out toward records

Risk premiums on federal agency debt issued by Freddie Mac and Fannie Mae jumped on Friday after the former reported a record loss, forcing it to draw on Treasury funding. Yield spreads on agency debt rose toward record highs of early last week also after

Published 16 Nov, 2008 12:00am

Washington summit: world leaders pursue bilateral contacts

World leaders meeting in Washington on Saturday used the occasion of a financial crisis summit to get face-time with other powerbrokers in a flurry of more intimate, bilateral meetings. But heads of state and government hoping to get a photo-op or camera

Published 16 Nov, 2008 12:00am

Slovenia to issue one billion euro bond

Euro zone member Slovenia is likely to issue a 1 billion euro ($1.25 billion) bond by the end of the year with possible maturity of 5 years, the Ministry of Finance said on Thursday. "Because of the uncertain conditions on financial markets in the followi

Published 16 Nov, 2008 12:00am

Slovenia to issue one billion euro bond

Euro zone member Slovenia is likely to issue a 1 billion euro ($1.25 billion) bond by the end of the year with possible maturity of 5 years, the Ministry of Finance said on Thursday. "Because of the uncertain conditions on financial markets in the followi

Published 16 Nov, 2008 12:00am

Japanese government bonds down

Japanese government bonds fell on Friday as Tokyo share prices rebounded and US Treasuries declined overnight. The summit of leaders from the Group of 20 industrialised and emerging nations in Washington on Friday and Saturday kept players wary of taking

Published 16 Nov, 2008 12:00am

Japanese government bonds down

Japanese government bonds fell on Friday as Tokyo share prices rebounded and US Treasuries declined overnight. The summit of leaders from the Group of 20 industrialised and emerging nations in Washington on Friday and Saturday kept players wary of taking

Published 16 Nov, 2008 12:00am

China bill and bond yields

China's bill and bond yields fell across the curve once again on Friday because of expectations that monetary policy would be eased imminently. Traders believe the central bank may cut interest rates and bank reserve ratios as soon as after the close on F

Published 16 Nov, 2008 12:00am

China bill and bond yields

China's bill and bond yields fell across the curve once again on Friday because of expectations that monetary policy would be eased imminently. Traders believe the central bank may cut interest rates and bank reserve ratios as soon as after the close on F

Published 16 Nov, 2008 12:00am

US treasury debt market rallies

The US Treasury debt market rallied on Friday, led by the 30-year bond, as data showing a record drop in US retail sales fanned fears of a deep recession and revived safe-haven bids for bonds.

Published 16 Nov, 2008 12:00am

US treasury debt market rallies

The US Treasury debt market rallied on Friday, led by the 30-year bond, as data showing a record drop in US retail sales fanned fears of a deep recession and revived safe-haven bids for bonds.

Published 16 Nov, 2008 12:00am

Mexican stocks slip

Mexican stocks sank on Friday after a record slump in US retail sales last month stoked worries of a deepening recession in the neighbouring United States, pushing cement maker Cemex to a 9-1/2 year low. The benchmark IPC stock index closed 0.75 percent l

Published 16 Nov, 2008 12:00am

Luxembourg bond book building goes on next week

Luxembourg's first bond issue in a decade is progressing smoothly but has not reached the 2 billion euros-worth of quality bids targeted by the sovereign, a lead manager told Reuters on Friday. The syndicated sale of 3.75 percent December 4, 2013 OLUX was

Published 16 Nov, 2008 12:00am

Luxembourg bond book building goes on next week

Luxembourg's first bond issue in a decade is progressing smoothly but has not reached the 2 billion euros-worth of quality bids targeted by the sovereign, a lead manager told Reuters on Friday. The syndicated sale of 3.75 percent December 4, 2013 OLUX was

Published 16 Nov, 2008 12:00am

China Exim Bank five-year bonds sold at 2.60 percent

China Export-Import Bank auctioned 10 billion yuan ($1.5 billion) of five-year fixed-rate bonds in the interbank market on Thursday at a yield of 2.60 percent, traders said. The auction yield was far below Thursday's indicative secondary market yield of 2

Published 16 Nov, 2008 12:00am

China Exim Bank five-year bonds sold at 2.60 percent

China Export-Import Bank auctioned 10 billion yuan ($1.5 billion) of five-year fixed-rate bonds in the interbank market on Thursday at a yield of 2.60 percent, traders said. The auction yield was far below Thursday's indicative secondary market yield of 2

Published 16 Nov, 2008 12:00am

Italy bond sales benefit

Italy sold 4.9 billion euros of five- and 30-year government bonds on Thursday which analysts said performed well, but only after the market cheapened up before bids closed. The 10-year BTP yield spread over euro zone benchmark Bunds widened by seven basi

Published 16 Nov, 2008 12:00am

Italy bond sales benefit

Italy sold 4.9 billion euros of five- and 30-year government bonds on Thursday which analysts said performed well, but only after the market cheapened up before bids closed. The 10-year BTP yield spread over euro zone benchmark Bunds widened by seven basi

Published 16 Nov, 2008 12:00am

Chile stocks rise

Chilean stocks rose in late trade on Friday, shadowing a short-lived rebound on Wall Street led by beaten down energy shares, while the peso weakened in volatile trade versus the dollar. Chile's blue chip IPSA index rose 0.94 percent to close at 2,551.72

Published 16 Nov, 2008 12:00am

Toronto stocks retreat broadly

The Toronto Stock Exchange's main index retreated broadly on Friday, led lower by weakness in energy and materials issues as gloomy US retail sales data heightened worries about a deeper economic downturn. Heavily weighted stocks that helped push the key

Published 16 Nov, 2008 12:00am

Brazil stocks down

Brazil's stocks closed lower on Friday after shedding early gains in volatile trade. The Bovespa index of the Sao Paulo stock exchange fell 0.57 percent to 35,789 points, after a 4.7 percent surge on Thursday. Shares of Unibanco and Itau fell after UBS Pa

Published 16 Nov, 2008 12:00am

Argentina stocks rebound to close higher

Argentine stocks rebounded from early losses to close higher on Friday, lifted by a fleeting recovery on Wall Street and gains by index heavyweight Tenaris, while bonds fell for a third straight session. The MerVal benchmark index rose 0.68 percent to 1,0

Published 16 Nov, 2008 12:00am

US stocks fall

US stocks fell on Friday after a record drop in retail sales last month heightened fears that American consumers' reluctance to spend will push the economy into an even deeper downturn than currently expected. An attempt at a rally in the last hour of tra

Published 16 Nov, 2008 12:00am

Forex outlook: investors look for dollar to gain in week ahead

The dollar's rally against most major currencies should extend into next week against as some investors repatriate funds and others hunt for safe havens and shun risky assets amid the worldwide economic downturn. A similar outlook holds for the yen, pegge

Published 16 Nov, 2008 12:00am

South Korean won turns down

The South Korean won gave up gains to post its weakest close in over two weeks on Friday as unrelenting worries about the global recession's impact on the export-driven economy had investors back to seeking safer assets. Market players hope for measures f

Published 16 Nov, 2008 12:00am

Weak data, stocks boost dollar

US dollar and the yen rose against the euro on Friday, underpinned by safe-haven bids amid a deteriorating global economic outlook and losses on Wall Street. The moves partly reversed losses in the previous session triggered by a more than 6 percent jump

Published 16 Nov, 2008 12:00am

IMM speculators increase long US dollar bets

Currency speculators increased their bets in favour of the US dollar in the latest week, data from the Commodity Futures Trading Commission showed on Friday. The value of the US dollar's net long position rose to $5.92 billion in the week ending November

Published 16 Nov, 2008 12:00am

Kenyan shilling jumps

The Kenyan shilling jumped against the dollar on Friday as offshore players and banks trimmed their dollar positions, helping the local unit recoup steep losses incurred in previous sessions. The commercial banks posted the unit at 77.80/78.20 per dollar

Published 16 Nov, 2008 12:00am

Canadian dollar falls

The Canadian dollar retreated versus the US dollar on Friday as oil prices gave back some of the previous day's gains, while sluggish equity markets prompted risk-averse investors to embrace the greenback. Canadian bond prices rose alongside US Treasuries

Published 16 Nov, 2008 12:00am

Taiwan dollar off two-week low

The Taiwan dollar rose on Friday, ending a three-day losing streak, as foreign banks and exporters sold the US dollar, but the gain was tempered by weakness in the stock market as foreigners sold shares. The Taiwan dollar rose to an intraday high of T$33.

Published 16 Nov, 2008 12:00am

North Korea snubs South Korea's proposal for talks

North Korea on Saturday rejected South Korea's proposal for talks as mere "wordplay" and insisted Seoul should first scrap military exercises. South Korea called this week for talks with North Korea to ease worsening tensions after the North ratcheted up

Published 16 Nov, 2008 12:00am

Talks fail on new Somali cabinet: Ethiopia

Talks on forming a new government in Somalia in a bid to end nearly two decades of bloodletting have failed, Ethiopia's foreign ministry announced on Saturday. Somalia's President Abdullah Yusuf Ahmed and Prime Minister Nur Hassan Hussein "still fail to a

Published 16 Nov, 2008 12:00am

South Ossetian forces start Georgia village pullout

South Ossetian forces began on Saturday pulling out of the Georgian village of Perevi on the border of the breakaway territory, a police official said. "This morning they started to demolish their checkpoint. By now, almost everything has been packed up,

Published 16 Nov, 2008 12:00am

Two Palestinians killed in explosion, Israel denies attack

Two Palestinian militants were killed in an explosion in the northern Gaza Strip Saturday morning. The Israeli army has denied claims by witnesses that a reconnaissance drone fired a rocket at a group of five gunmen who gathered near the border town of Be

Published 16 Nov, 2008 12:00am

Burkina bus crash kills 41

At least 41 people were killed and many others seriously injured when a bus collided with a truck 200 km (125 miles) west of Burkina Faso's capital on Saturday, public prosecutor Boromo Maiza Compaore said. The bus was carrying at least 75 people to San P

Published 16 Nov, 2008 12:00am

US Congress set for fiery post-election session

Expect plenty of fireworks when the US Congress meets next week for a post-election session focused largely on the ailing US economy. With Barack Obama preparing to become the 44th US president on January 20, lawmakers will take another crack at providing

Published 16 Nov, 2008 12:00am

EU wants to work with Obama on Iraq, other key issues

The European Union plans to propose working with US president-elect Barack Obama on key issues including Iraq and to pledge participation in foreign military operations, German media reported. "The world order has changed," said an EU document cited in an

Published 16 Nov, 2008 12:00am

US space-funeral company plans to launch lunar cemetery

A US funeral business that specialises in launching cremated human remains into Earth's orbit has begun taking reservations for landing small capsules of ashes on the moon, announced the company's founder. "Celestis' first general public lunar mission cou

Published 16 Nov, 2008 12:00am

Hu visit marks China's growing interest in Latin America

Chinese President Hu Jintao begins a Latin America tour Monday, taking in Costa Rica, Cuba and Peru, as China tightens economic ties and the region hopes for help in tougher times. The Asian giant has increased diplomacy and investment in Latin America in

Published 16 Nov, 2008 12:00am

Mauritania's toppled president to fight coup

Mauritania's ousted president said he would join the fight to restore democracy in the Saharan state, despite a claim from the military junta which toppled him that he would retire. Sidi Mohamed Ould Cheikh Abdallahi was transferred from house arrest in N

Published 16 Nov, 2008 12:00am

Thousands of Iraqi Arabs attend anti-Kurdish protests

Thousands of Sunni and Shiite Arabs took to the streets across Iraq Saturday to defend Prime Minister Nuri al-Maliki against criticism from leaders of the country's Kurdish minority. Demonstrations were held in the northern Sunni town of Tikrit-the hometo

Published 16 Nov, 2008 12:00am

Adelaide's hangover after Asian disappointment

Adelaide United's fall-out from their AFC Champions' League disappointment continued with a 3-0 A-League loss to Central Coast Mariners on Saturday. Adelaide, who went down to Japan's Gamba Osaka in last weekend's final 5-0 on aggregate, struggled to make

Published 16 Nov, 2008 12:00am

Scolari will not coach any national teams from now till 2010

Chelsea coach Luiz Felipe Scolari, who led Brazil to World Cup glory in 2002, stressed Saturday that he would not be coaching any national teams between now and the 2010 World Cup in South Africa. In an interview with the monthly football review Trivela,

Published 16 Nov, 2008 12:00am

Federer hoping for new start next year

Roger Federer said he was glad to bring down the curtain on a difficult season and hoped to bounce back for a tilt at the Grand Slam record next year. The defending champion battled a back injury as he went down in three sets to Britain's Andy Murray, end

Published 16 Nov, 2008 12:00am

Golf: Chapchai leads in Singapore as Mickelson, Harrington charge

Thai star Chapchai Nirat led the field at the Singapore Open Saturday, as Phil Mickelson and Padraig Harrington charged up the leaderboard to put themselves firmly in the hunt. Although the rain held off Saturday, a backlog of players had to finish their

Published 16 Nov, 2008 12:00am

PCB sticks to hosting India cricket series in Pakistan

Pakistan cricket officials Saturday termed shifting of their home series against India to neutral venues as "mere speculation", saying preparations are at full swing in their country. India is scheduled to tour Pakistan in January-February to play a side

Published 16 Nov, 2008 12:00am

Tennis: Davydenko shocks Murray, sets up Djokovic final

Russia's Nikolay Davydenko shocked in-form Andy Murray to set up a surprise Masters Cup final against world number three Novak Djokovic on Saturday. Davydenko took advantage of Murray's late finish against Roger Federer on Friday to win 7-5, 6-2, reaching

Published 16 Nov, 2008 12:00am

Myanmar jails nine democracy activists

Myanmar's junta has sentenced nine democracy activists to 65 years each in jail for their involvement in last year's mass protests against military rule, legal and family sources said on Saturday. The nine include Min Ko Naing, leader of a 1988 pro-democr

Published 16 Nov, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 28	277.93
USD PKR Interbank Buying / Nov 28	278.13
USD to Japanese Yen / Nov 28	151.53
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.27
Euro to USD / Nov 28	1.05

Stock	Volume
S&P 500 / Nov 27	5,998.74
Nasdaq / Nov 27	19,060.48
Dow Jones / Nov 27	44,722.06
India Sensex / Nov 28	79,455.91
Tokyo Nikkei / Nov 28	38,303.45
Hang Seng / Nov 28	19,368.83
FTSE 100 / Nov 28	8,289.96
Germany DAX 30 / Nov 28	19,381.32

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17,685
Gold 10 Grams PKR / Nov 27	236,540
Petrol/Litre / Nov 28	248.38
Crude Oil USD/Barrel / Nov 28	68.72
Gold Spot USD/Ounce / Nov 28	2,635.70
Diesel/Litre / Nov 28	255.14

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▼ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	69.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▼ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	12.20 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▲ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	69.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▲ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	12.20 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	114,966,225 ▲ 0.00
Hascol Petrol / Nov 28 Hascol Petroleum Limited(HASCOL)	106,286,630 ▲ 0.00
K-Electric Ltd. / Nov 28 K-Electric Limited(KEL)	91,200,956 ▲ 0.00
Fauji Foods Ltd / Nov 28 Fauji Foods Limited(FFL)	54,248,949 ▲ 0.00
Bank Makramah / Nov 28 Bank Makramah Limited(BML)	37,218,539 ▲ 0.00
Pace (Pak) Ltd. / Nov 28 Pace (Pakistan) Limited(PACE)	35,016,136 ▲ 0.00
Sui South Gas / Nov 28 Sui Southern Gas Company Limited(SSGC)	30,887,483 ▲ 0.00
Cnergyico PK / Nov 28 Cnergyico PK Limited(CNERGY)	29,932,157 ▲ 0.00
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	26,219,598 ▲ 0.00

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