News Archives for Print - 2009-05-29

Print - 2009-05-29

Partly Facetious: if I am a Zardi you are a nawala

"Reports indicate that the PPP will not field a candidate from any buy election seat from where Mian Nawaz Sharif will stand."

Published 29 May, 2009 12:00am

100 percent sanitation coverage for all by 2015: Afridi

Minister for Environment, Hamidullah Jan Afridi Thursday announced that there would be 100 per cent sanitation coverage by 2015, and stressed the need to devise a three pronged strategy to achieve this target. "If you ask me to set a target for 2015, I wo

Published 29 May, 2009 12:00am

Naek and Jamali condole with Soomro

Chairman Senate Farooq H. Naek and acting Chairman Jan Mohammad Khan Jamali have expressed their deep grief and sorrow over the sad demise of notable Islamabad-based businessman Malik Sohrab. The deceased was brother-in-law of former chairman Senate Muham

Published 29 May, 2009 12:00am

Women not given due share of respect: survey

A recent Gilani Poll conducted by Gallup Pakistan revealed that more than half of Pakistanis claim that women are not given their due share of respect as ordained in Islam. Forty percent believe that the women in the society are given high level of respec

Published 29 May, 2009 12:00am

Vast scope to export food products to Libya

Pakistan has vast scope to enhance export of food products to Libya which imports about 75 percent food products to fulfil its domestic requirements. This was stated by Ambassador of Pakistan in Libya, Jamil Ahmed Khan while giving a presentation to the b

Published 29 May, 2009 12:00am

Traders' leader to observe hunger strike till death

A traders' leader Jahangir Akhtar on Thursday said he would observe hunger strike till death in front of ministries of commerce and industry if his demands were not met. Akhtar, who has started hunger strike till death at Abpara Market against unnecessary

Published 29 May, 2009 12:00am

US urged to engage with India on Kashmir

A veteran American diplomat, Howard Schaffer has suggested that US should offer support to India for a permanent seat of the UN Security Council in return for New Delhi's agreeing to genuine and enforceable concessions on the Kashmir dispute.

Published 29 May, 2009 12:00am

By-polls in NA-55 on July 4

Chief Election Commissioner (CEC), former Justice Qazi Muhammad Farooq on Thursday announced to hold bye-polls in National Assembly constituency NA-55 Rawalpindi-VI on July 04, 2009. This National Assembly seat had fallen vacant due to the resignation of

Published 29 May, 2009 12:00am

LHC Chief Justice asks Centre and Punjab to repatriate all judicial officers

Chief Justice Lahore High Court (LHC) Khawaja Muhammad Sharif here on Thursday has asked the federal and provincial government of Punjab to repatriate and relieve all the judicial officers working under their jurisdiction. The Registrar LHC has written le

Published 29 May, 2009 12:00am

Three bridges on Old Indus Highway opened for public

Keeping in view the inconvenience being faced by the citizens of Hyderabad, three bridges constructed at Phuleli, Pinyari and Lined Channel on Old Indus Highway at a cost of Rs 200 million have been opened on the directives of District Nazim Hyderabad Kan

Published 29 May, 2009 12:00am

Government offers Rs five million cash award for arrest of Maulana Fazlullah

The Government of Pakistan on Thursday offered a cash reward of five million rupees (62,250 dollars) for the arrest of radical cleric Maulana Fazlullah, the architect of a Taliban uprising in the Swat valley. The government listed names and published mug

Published 29 May, 2009 12:00am

US MIDDAY: copper gains

US copper futures rose at the open on Thursday as investor appetite for risk grew after a batch of better-than-expected data pointed to more stability in the world's largest economy. Copper for July delivery up 3.00 cents at $2.1510 a lb by 11:09 am EDT (

Published 29 May, 2009 12:00am

US MIDDAY: gold rises

US gold futures turned higher early on Thursday, supported by a combination of a weakened dollar, inflation concerns and background support from simmering geopolitical tensions. Gold for June delivery up $4.10 at $957.40 an ounce at 10:25 am EDT (1425 GMT

Published 29 May, 2009 12:00am

US MIDDAY: wheat up; soya and corn mixed

Chicago Board of Trade grains and soya complex at 12:04 am CDT (1704 GMT) on Thursday. July wheat up 9-1/2 cents per bushel at $6.35-1/4. Rallies to four-month high on fund buying, concern about reports of diseases in US winter wheat crop and slow seeding

Published 29 May, 2009 12:00am

Gold hits fresh two-month high in Europe

Gold rose to a new two-month high of $964.95 an ounce on Thursday as the dollar lost more ground against the euro, while silver hit a fresh 9-month peak. Spot gold was bid at $964.75 an ounce at 1533 GMT, against $948.10 an ounce late in New York on Wedne

Published 29 May, 2009 12:00am

US MIDDAY: cocoa and coffee jump, sugar down

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Thursday. July arabica contract reversed up 1.20 cents to $1.3670 per lb at 11:08 am EDT (1508 GMT). Session range from at $1.3305 to $1.3715. July raw sugar contract down 0.08 cent

Published 29 May, 2009 12:00am

Cocoa up, sugar down in London

Cocoa futures on ICE rose to a seven-week high on Thursday, boosted by fund buying, while arabica coffee approached an eight month peak underpinned by a shortage of Colombian supplies, dealers said. Raw sugar prices were lower in London, however, as the m

Published 29 May, 2009 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 29 May, 2009 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 29 May, 2009 12:00am

Oil tops $65 a barrel

Oil surged past $65 a barrel on Thursday to a fresh six-month high after Opec decided to keep output unchanged and government data showed a steep drop in US crude inventories. US crude oil for July delivery settled up $1.63 to $65.08 a barrel, the highest

Published 29 May, 2009 12:00am

Copper moves up

Copper closed higher on Thursday as a weak dollar offset the influence of falls in stock markets but economic uncertainty ensured a lack of real direction in trade. Copper for three-months delivery on the London Metal Exchange ended at $4,755 a tonne vers

Published 29 May, 2009 12:00am

Employees hold demonstration against HBFCL privatisation

Employees of the House Building Finance Corporation Limited (HBFCL) staged a protest demonstration against its privatisation at the Karachi Press Club here on Thursday. The protesters were holding placards and wearing black bands, caps, and badges to expr

Published 29 May, 2009 12:00am

New York cotton futures higher

US cotton futures rose almost 1 percent on Wednesday, recovering about a quarter of the previous session losses, as technical buying helped the market rebound from oversold conditions. "There was really nothing much to pin cotton to over the last two days

Published 29 May, 2009 12:00am

Pakistan nuclear safe under command and control system: Nawaz

Pakistan Muslim League-N Quaid and former Prime Minister Muhammad Nawaz Sharif on Thursday said the country's nuclear programme was safe under the command and control system and the controversy that nuclear arms would fall in the hands of terrorists shoul

Published 29 May, 2009 12:00am

SSC practical exams' date

The Board of Secondary Education Karachi (BSEK) on Thursday announced the fresh dates for the practicals of Physics, Biology and Computer Study of the SSC Annual Examination 2009, which could not be conducted on May 23 and 25. An announcement on Thursday

Published 29 May, 2009 12:00am

Post-December 27 violence: PAC doubts Sindh departments claims on gutted records

Many of the Sindh government's departments claims on the burning of their fiscal records during post-December 27 violence appear to be aimed at shielding their financial irregularities involving millions of rupees.

Published 29 May, 2009 12:00am

Ministry orders inquiry against former PQA chairman

Afsar Din Talpur is no more the acting chairman of Port Qasim Authority (PQA), as the federal government on Thursday ordered an inquiry against him removing him from PQA's helm. A three-member team led by Joint Secretary Ministry of Ports and Shipping Has

Published 29 May, 2009 12:00am

Export of leather products declining: former KATI chief

Former Chairman, Korangi Association of Trade and Industry (KATI), Gulzar Feroz has said that the export of leather products, including industrial gloves are fast declining due to high cost of production and reduce demand in international market.Talking t

Published 29 May, 2009 12:00am

Alleged terrorist killed, another held in shootout

The members of Special Investigation Unit (SIU) with the help of area police killed a terrorist and apprehended another after an encounter and recovered weapons and ammunition from their possession in Landhi in the wee hours on Thursday.

Published 29 May, 2009 12:00am

President's presence in Karachi: drastic cut in load shedding by KESC raises eyebrows

Eyebrows were raised when the Karachi Electric Supply Company (KESC), despite its persistent hue and cry about the electricity shortage, made a drastic reduction in load shedding during last few days due to, what the sources said, the presence of Presiden

Published 29 May, 2009 12:00am

Saudi Arabia may lift ban on steel exports

The government of Saudi Arabia is likely to lift the ban on steel exports, according to Al-Tuwairqi Holding (ATH), Saudi largest private sector steel-maker. The ban on steel exports was imposed by the government last year in wake of the increased prices o

Published 29 May, 2009 12:00am

Criminal activities inside NICVD premises on the rise

Criminal activities such as stealing of vehicles and snatching of cell phones inside the premises of the National Institute of Cardio Vascular Diseases (NICVD) are on the rise, despite security measures in and around the institute. The hospital has its ow

Published 29 May, 2009 12:00am

Tunisian envoy calls for stronger trade ties

Ambassador of Tunisia, Mourad Bourehla has said that Tunisia is interested to further reinforce its bilateral trade and encourage establishment of industrial units through joint ventures with Pakistan. Speaking at a meeting of Karachi Chamber of Commerce

Published 29 May, 2009 12:00am

Orient wins CBL Media

Continental Biscuits Limited (CBL), one of the largest advertisers in Pakistan has appointed Orient Advertising as their Exclusive Media Agency. CBL is one of the largest Media account in the country market. Continental Biscuits Limited (CBL) is one of th

Published 29 May, 2009 12:00am

PAKFEA for implementing fishing ban

Pakistan Fisheries Exporters Association (PAKFEA) on Thursday appealed to the Chief Minister Sindh Syed Qaim Ali Shah to implement the June-July fishing ban so that breeding of shrimp and fish could properly take place. According to a press release of PAK

Published 29 May, 2009 12:00am

Government mulls abrogating ban on setting up new sugar mills in Punjab

The government is reportedly considering to lift the ban on establishing of new sugar mills in Punjab on the insistence of two influential personalities, official documents and sources in sugar industry and Punjab government told Business Recorder

Published 29 May, 2009 12:00am

UHS announces results

University of Health Sciences (UHS) has announced the results of MBBS final year professional's supplementary examination 2008. According to the results, a total of 354 candidates of as many as 11 affiliated medical colleges appeared in the exam out of wh

Published 29 May, 2009 12:00am

LEAs told to ensure safety of National Assembly budget session

The law enforcement agencies have been instructed to arrange special security arrangements for the security of National Assembly budget session beginning June 13. Sources told Business Recorder on Thursday that terrorist strikes in Peshawar, Lahore

Published 29 May, 2009 12:00am

Earthquake-hit areas: gender policy to be finalised soon

Chairman Earthquake Reconstruction and Rehabilitation Authority (ERRA) Altaf Muhammad Saleem said here on Thursday that gender policy for earthquake affected areas would be finalised soon. He was addressing a meeting organised by ERRA in collaboration wit

Published 29 May, 2009 12:00am

Banks pull FTSE lower

Britain's leading shares fell 0.7 percent on Thursday as renewed jitters over the health of the financial sector hit banks and offset gains by heavyweight oils. At the close the FTSE 100 was 28.69 points lower at 4,387.54, snapping two sessions of gains t

Published 29 May, 2009 12:00am

Indian shares rise

Indian shares rose 1.3 percent on Thursday as short-covering on the last day of monthly derivatives and strong results from engineering conglomerate Larsen & Toubro helped shrug off tepid markets across Asia and Europe. Leading mobile operator Bharti Airt

Published 29 May, 2009 12:00am

Closing stock market indices

Major stock markets outside the United States ended on Thursday.

Published 29 May, 2009 12:00am

Thursday's early trade: Wall Street rises

US stocks rose on Thursday as energy and commodity shares climbed on higher oil prices and after results of a Treasury bond auction eased any fresh worries over demand for government debt Exxon Mobil Corp was one of the top boosts to the blue chip Dow Jon

Published 29 May, 2009 12:00am

Yen falls across the board

The yen fell across the board on Thursday, plumbing to a 2-1/2 week low against the dollar as a spike in US bond yields and Moody's affirming the United States' prized triple-A rating drew Japanese investors into overseas assets.

Published 29 May, 2009 12:00am

Thai shares flat

Thai shares closed flat on Thursday after investors stayed on the sidelines awaiting clearer signals about prospects for a global economic recovery, dealers said. The Stock Exchange of Thailand (SET) composite index edged up 0.02 points to close at 555.43

Published 29 May, 2009 12:00am

European CDS widen

European credit derivative indices widened on Thursday, tracking stocks lower after new US home sales data showed weakness in the sector is still a major concern. By 1449 GMT the investment-grade Markit iTraxx Europe index was at 125 basis points, accordi

Published 29 May, 2009 12:00am

European CDS widen

Published 29 May, 2009 12:00am

Sterling rally halts at $1.60

Sterling's rally stalled on Thursday after it hit several key technical levels, but most analysts said hopes the economy was bottoming out were still likely to fund further gains. On Wednesday, the pound rose above the key $1.60 level against the dollar,

Published 29 May, 2009 12:00am

Three-month bank borrowing costs fall

Bank-to-bank three-month dollar borrowing costs fell on Thursday, snapping a two-day rise, but money markets remain strained and fears about counterparty risk are not far beneath the surface. Governments and central banks are slowly paring back their huge

Published 29 May, 2009 12:00am

Indian rupee ends stronger

The Indian rupee recovered from a early fall past 48 per dollar on importer demand for dollars to end stronger on Thursday as another day of gains in shares raised expectations of foreign investment inflows. The partially convertible rupee ended at 47.60/

Published 29 May, 2009 12:00am

Global newspaper sales inched up in 2008

Global newspaper sales inched up last year, contradicting gloomy predictions that dailies face extinction, as gains in Africa, Asia and Latin America offset slumps in Europe and the US, an industry group said Wednesday. Newspaper sales grew 1.3 percent wo

Published 29 May, 2009 12:00am

7.1 earthquake topples homes, kills four in Honduras

A powerful earthquake toppled more than two dozen homes in Honduras and Belize early Thursday, killing at least four people and injuring 40 as terrified residents spilled from their homes across much of Central America. The magnitude-7.1 quake struck at 2

Published 29 May, 2009 12:00am

59 ministers sworn in to complete India's government

Indian President Pratibha Patil on Thursday administered the oaths of office to 59 new ministers, completing the formation of the United Progressiive Alliance (UPA) government The ceremony was held at the Presidential Palace in New Delhi after the allianc

Published 29 May, 2009 12:00am

Cabinet can wait says Rahul Gandhi

Rahul Gandhi, heir to the Nehru-Gandhi political dynasty and widely seen as a premier-in-waiting, said Thursday he had no regrets about refusing a cabinet post in India's new government. Gandhi, the 38-year-old son of Congress president Sonia Gandhi, was

Published 29 May, 2009 12:00am

Two British soldiers among dozens killed in Afghanistan

Two British troops and one Afghan soldier were killed in roadside bombings in southern Afghanistan while US and Afghan troops killed nearly three dozen suspected militants in a clash and airstrike in the eastern part of the country, officials said Thursda

Published 29 May, 2009 12:00am

Two more UK MPs quit over expenses scandal

Two more British lawmakers announced Thursday they would resign over an expenses scandal which has sent shockwaves through parliament and the government here. Margaret Moran of the ruling Labour Party and Julie Kirkbride of the main opposition Conservativ

Published 29 May, 2009 12:00am

Israel rebuffs US call to stop all settlement building

Israel rebuffed a strong plea on Thursday from its close ally the United States to stop all building in Jewish settlements in the occupied West Bank. US President Barack Obama, who hopes to revive Middle East peace negotiations, was to meet Palestinian Pr

Published 29 May, 2009 12:00am

Israeli troops kill Hamas wing leader

Israeli troops shot dead a fugitive leader of Hamas's military wing in the occupied West Bank on Thursday, Palestinian and Israeli officials said. An official in the security services of Abbas's Palestinian Authority said they had long wanted to question

Published 29 May, 2009 12:00am

US and South Korea raise military alert on North

South Korea and the United States raised the military alert level for the peninsula on Thursday after the communist North warned the truce ending the Korean War was dead and it was ready to attack. North Korea ramped up tensions this week with a series of

Published 29 May, 2009 12:00am

Berlin and Riyadh agree anti-terrorism pact

Germany and Saudi Arabia have agreed an unprecedented co-operation pact to exchange information on possible terrorists, the German embassy in Riyadh confirmed Thursday. The intelligence-sharing will encompass possible terrorist financing and money-launder

Published 29 May, 2009 12:00am

French military brass end first Iraq visit in 20 years

A French military delegation wrapped up on Thursday talks with Iraqi officials on Baghdad's purchase of French military hardware, in the first such visit in 20 years, an Iraqi defence official said. "A French military delegation made the first such visit

Published 29 May, 2009 12:00am

World Cup tickets selling out fast: FIFA

Individual tickets for the opening match, semi-finals and final of the 2010 World Cup have sold out, according to world football's governing body FIFA. A total of 105,322 tickets in the second phase of World Cup ticket sales have been confirmed and approv

Published 29 May, 2009 12:00am

Iraq prison photos show rape by US troops: report

A British newspaper Thursday described photographs showing alleged abuse including rapes at the notorious Abu Ghraib jail in Iraq, which US President Barack Obama does not want to release. The pictures show US soldiers raping detainees, sexual assaults on

Published 29 May, 2009 12:00am

Federer, Venus make great escapes, Bartoli makes excuses

Roger Federer and Venus William made great French Open escapes on Thursday while 13th-seeded Frenchwoman Marion Bartoli merely made an exhausting list of excuses for her second round defeat. Second seed Federer claimed a 7-6 (10/8), 5-7, 7-6 (7/2), 6-2 wi

Published 29 May, 2009 12:00am

ICC postpones World Cup meeting with Pakistan

Cricket's world governing body has postponed a meeting with Pakistan over its decision to strip the country of its World Cup 2011 matches, a Pakistan official said Thursday. The meeting convened by the International Cricket Council (ICC) was to be held in

Published 29 May, 2009 12:00am

Rivaldo rolls back the years to put Iranians on the spot

Brazilian legend Rivaldo rolled back the years as he kept his nerve to score a penalty and put Uzbek side Bunyodkor into the AFC Champions League quarter-finals. Their stunning 1-0 win away over Iranian powerhouse Piroozi late Wednesday came on a night wh

Published 29 May, 2009 12:00am

Manchester fan kills four Barca supporters

A Nigerian fan of Manchester United killed four people and injured ten others when he drove a minibus into a crowd of Barcelona supporters, Nigerian police said Thursday. The incident took place in the south-eastern town of Ogbo after Wednesday's Champion

Published 29 May, 2009 12:00am

Barcelona win third Champions League crown

Barcelona stunned holders Manchester United to win their third Champions League crown with a 2-0 victory here on Wednesday. Goals from star forwards Samuel Eto'o and Lionel Messi gave the Catalans a deserved victory and denied United from becoming the fir

Published 29 May, 2009 12:00am

Lauded Iraq football coach dies

Former Iraqi national soccer coach Emmanuel Baba Dawud, lauded as one of the country's greatest sporting figures, has died at the age of 74, hospital officials said on Thursday. Dawud, known as the Sheikh of Iraqi coaches and "Ammo Baba," died on Wednesda

Published 29 May, 2009 12:00am

New Zealand dollar gains

The New Zealand dollar jumped half a cent on Thursday after rating agency Standard & Poor's revised its outlook on the currency to stable as the government unveiled its 2009/10 budget. The kiwi dropped about a quarter of a cent after the budget announced,

Published 29 May, 2009 12:00am

Asian currencies weighed down

The Indonesian rupiah and Philippine peso lost ground on Thursday as investors sold regional stocks amid concerns that rising US Treasury yields may hamper recovery in the world's largest economy. The South Korean won was also among the worst hit due to p

Published 29 May, 2009 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 69.03/69.03 (previous 69.03/69.03). Call Money Rates: 1.25-10.00 percent (previous 1.50-10.00 percent).

Published 29 May, 2009 12:00am

Dollar gains versus euro

The dollar rose against the euro on Wednesday as fears of a US credit downgrade faded and a European Central Bank official said interest rates could fall further if economic conditions worsen. The British pound, however, soared above $1.60 for the first t

Published 29 May, 2009 12:00am

Dollar climbs versus yen

The yen tumbled across the board on Thursday, hurt by talk of Japanese retail demand for overseas assets, while the dollar rose 1 percent against the Japanese currency, aided in part by Moody's affirming its top credit rating for the United States.

Published 29 May, 2009 12:00am

Swiss franc flat versus euro

The Swiss franc was flat against the euro and the dollar on Thursday, but rallied to a high in more than two-week against a falling yen amid talk of Japanese retail investor outflows. The Swiss currency did not move after a fall by 17.6 percent in real te

Published 29 May, 2009 12:00am

Australian dollar retreats from eight-month high

The Australian dollar fell from an eight-month high on Thursday, hurt by selling against the Kiwi dollar after New Zealand showed enough restraint in its national budget to avoid a credit downgrade. The Aussie slid to $0.7778, off an offshore high of $0.7

Published 29 May, 2009 12:00am

China, Taiwan and Hong Kong markets closed

The financial markets of China, Taiwan and Hongkong were closed on Thursday as well as on Friday for the Dragon Boat Festival. The trading will be resumed on June 1.

Published 29 May, 2009 12:00am

Canadian dollar ends lower

The Canadian dollar fell versus the greenback on Wednesday as its brief climb above 90 US cents during the session convinced some traders to reassess their positions heading into the end of the month. The Canadian dollar rallied to its highest level since

Published 29 May, 2009 12:00am

China, Taiwan and Hong Kong markets closed

The financial markets of China, Taiwan and Hongkong were closed on Thursday as well as on Friday for the Dragon Boat Festival. The trading will be resumed on June 1.

Published 29 May, 2009 12:00am

Nikkei edges up on economic hopes

The Nikkei average edged up 0.1 percent on Thursday, with exporters such as Toyota Motor Corp buoyed by hopes that Japan's economy may have seen its worst phase. But gains were capped by the previous day's climb in US Treasury yields, which fuelled concer

Published 29 May, 2009 12:00am

Malaysian shares drop

Malaysian shares slipped 0.61 percent on Thursday as heavyweight stocks fell victim to the gloomy economic outlook, dealers said. The Kuala Lumpur Composite Index lost 6.44 points to 1,041.24. Declining stocks outnumbered advancers by 473 to 168.

Published 29 May, 2009 12:00am

Singapore shares decline

Singapore shares closed 0.57 percent lower on Thursday as traders took profit from gains made during the previous day's rally, dealers said. Investors also took a lead from a 2.05 percent fall in US stocks on Wednesday. Singapore's blue chip Straits Times

Published 29 May, 2009 12:00am

Philippines shares slump

Philippines share prices closed 0.08 percent lower on Thursday, weighed down by disappointing economic growth figures and the downturn on Wall Street, dealers said. The composite index fell 2.01 points to 2,354.37 while the all-shares index rose 0.11 perc

Published 29 May, 2009 12:00am

Bloated US debt burden drives bond rout

US government bonds came under heavy pressure again on Wednesday as investors worried about the ever-expanding amount of debt needed to fund a record $1.75 trillion budget deficit. The downdraft in bonds was so heavy it actually dragged down the US stock

Published 29 May, 2009 12:00am

Indian stocks not expensive yet, says Jhunjhunwala

Maverick Indian investor Rakesh Jhunjhunwala believes bold reforms such as opening up the country's insurance and pensions to foreigners will be critical to quell concerns about the market being pricey and sustain a stock market rally. Expectations for ec

Published 29 May, 2009 12:00am

US stocks fall as rising bond yields

US stocks dropped on Wednesday as rising yields on US government debt fuelled concern that businesses and consumers could face higher borrowing costs, which could hamper an economic recovery. The decline was broad-based, with manufacturer 3M Co and Intern

Published 29 May, 2009 12:00am

Jakarta shares slightly firmer

Indonesian shares ended 0.53 percent higher on Thursday despite falls on Wall Street overnight and weakness in other Asian markets, dealers said. The Jakarta Composite Index gained 10.03 points to 1,902.87 in moderate volume. "Foreign buying in consumer-r

Published 29 May, 2009 12:00am

Bloated US debt burden drives bond rout

Published 29 May, 2009 12:00am

Seoul shares up

Seoul shares rose on Thursday after volatile trade, with gains led by banks after the government loosened capital requirements, while key exporters including Samsung Elec also rallied. The Korea Composite Stock Price Index (KOSPI) ended up 2.21 percent to

Published 29 May, 2009 12:00am

US corporate bond spreads tighten

US corporate bond spreads tightened on Wednesday, as an improving outlook for the financial sector helped the market extend a protracted rally despite a month of heavy supply. Month-to-date through Tuesday, investment-grade corporate bond issuance totalle

Published 29 May, 2009 12:00am

US corporate bond spreads tighten

Published 29 May, 2009 12:00am

Russia's top oil company reports profit slide

Russia's largest oil company, Rosneft, said on Thursday its profits for the first quarter were down 19.7 percent by comparison with the same period last year. The company's profits, measured in line with US accounting standards, equalled 2.06 billion doll

Published 29 May, 2009 12:00am

Russia's top oil company reports profit slide

Published 29 May, 2009 12:00am

Egypt's economic growth may reach 4.5 percent in second quarter 2009

Egypt's economic growth may reach an annualised rate of 4.5 percent in the second quarter of 2009, but it was still too early to say the economy had turned a corner, Egypt's finance minister said on Thursday. "Things are beginning to pick up. The outlook

Published 29 May, 2009 12:00am

Chile industry sinks for seventh month, jobless jumps

Chilean industrial output fell for a seventh straight month, copper output declined for the 10th month running and the unemployment rate hit a near 4-year high as an economic downturn tightented its grip on the country, data showed on Thursday.

Published 29 May, 2009 12:00am

General Electric boss sees worst is over in crisis

General Electric Co chief executive Jeff Immelt said Thursday he believed the global recession had hit bottom but said tougher business regulations would follow in its wake. He said many governments around the world had taken swift action to counter the s

Published 29 May, 2009 12:00am

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 29 May, 2009 12:00am

'Worst may be over' for air traffic'

Air passenger traffic fell 3.1 percent in April, slowing from double-digit falls in the two preceding months, the airline industry association IATA said Wednesday, noting that the "worst may be over." However, the International Air Transport Association w

Published 29 May, 2009 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (May 28, 2009).

Published 29 May, 2009 12:00am

POSCO agrees iron ore price cut with Rio Tinto

South Korea's top steelmaker POSCO said Thursday that it had negotiated a cut in iron ore prices of between 33 and 44 percent with Anglo-Australian mining giant Rio Tinto. The reduction, which will be applied retroactively from April, is similar to an ear

Published 29 May, 2009 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 7	278
USD PKR Interbank Buying / Nov 7	277.85
USD to Japanese Yen / Nov 7	154.11
USD to Swiss Franc / Nov 7	0.88
Pound Sterling to USD / Nov 7	1.29
Euro to USD / Nov 7	1.07

Stock	Volume
S&P 500 / Nov 6	5,929.04
Nasdaq / Nov 6	18,983.46
Dow Jones / Nov 6	43,729.93
India Sensex / Nov 7	79,507.26
Tokyo Nikkei / Nov 7	39,366.94
Hang Seng / Nov 7	20,858.18
FTSE 100 / Nov 7	8,192.50
Germany DAX 30 / Nov 7	19,253.31

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 6	18,285
Crude Oil USD/Barrel / Nov 7	72.04
Gold 10 Grams PKR / Nov 7	237,311
Gold Spot USD/Ounce / Nov 7	2,657.92
Cotton US¢/pound / Nov 7	70.32
Petrol/Litre / Nov 8	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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