News Archives for Print - 2009-07-02

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am

42nd course for cutting, polishing of gemstones begins

Gems and Gemological Institute of Pakistan (GGIP), the cutting and polishing training institute of precious and semi-precious stones begun 42nd Gem and Gemological Course on Wednesday. The chairman, All Pakistan Commercial Exporters Association (APCEA) an

Published 02 Jul, 2009 12:00am

Poultry Rates

Wholesale poultry rates on Wednesday (July 01, 2009) and for Thursday (July 02, 2009).

Published 02 Jul, 2009 12:00am

Forces kill five terrorists, arrest three: one soldier martyred

The security forces have killed five terrorists and arrested three from Swat and Dir areas of Malakand division while one soldier was martyred and 12 others injured including an officer during the last 24 hours of operation "Rah-e-Raast."

Published 02 Jul, 2009 12:00am

LME official prices

The following were Tuesday official prices.

Published 02 Jul, 2009 12:00am

120 youth of IDPs complete vocational training

Under the arrangements of National Vocational and Technical Education Commission (NAVTEC), a batch of 120 youth of Internally Displaced Persons (IDPs) of Malakand Division have successfully completed their month-long vocational training in three most usef

Published 02 Jul, 2009 12:00am

LME official prices

The following were Tuesday official prices.

Published 02 Jul, 2009 12:00am

WFP begins to provide monthly food rations to returning IDPs

The United Nations World Food Programme (WFP) has begun providing monthly food rations to families returning home to tribal areas following the recent upsurge in fighting in NWFP. More than two million people have been displaced by the conflict and small

Published 02 Jul, 2009 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am

Punjab government takes solid steps for relief of IDPs

Punjab Chief Minister, Mohammad Shahbaz Sharif has said that those who are taking part in the relief activities for the displaced persons of Swat are participating in a noble cause and will be rewarded by Allah Almighty. He said the way people of Punjab w

Published 02 Jul, 2009 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am

WFP lauds Punjab government efforts for relief of IDPs

World Food Programme (WFP) praised the Punjab government in its efforts for the relief and rehabilitation of the internally displaced persons (IDPs), but asked for an enhancement in the quota of "atta" being supplied by the provincial government to the re

Published 02 Jul, 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 02 Jul, 2009 12:00am

Drone attacks: Supreme Court urged to ask government to get FIR registered against Obama

The Supreme Court was asked on Wednesday to issue direction to the government to get an FIR registered against US President Barak Obama, responsible for murder of countless innocent Pakistanis through "drone attacks." National Council for Human Rights Cha

Published 02 Jul, 2009 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am

Rs 183 million NAB budget approved for first quarter

The government has approved the National Accountability Bureau (NAB) budget of Rs 183 million for the first quarter of fiscal year 2009-10, which has raised doubts regarding disbanding of NAB chapter in the coming three months. The government had allocate

Published 02 Jul, 2009 12:00am

The Weather

The weather report on Wednesday (July 01, 2009) and the forecast for Thursday (July 02, 2009).

Published 02 Jul, 2009 12:00am

Registrar Supreme Court to give briefing on NJC

Registrar Supreme Court of Pakistan, Secretary National Judicial Policy Making Committee, Dr Faqir Hussain will give briefing about the National Judicial Conference (NJC) on implementation of the National Judicial Policy 2009 on July 3. He would also be r

Published 02 Jul, 2009 12:00am

LME official plastics prices

The following were Tuesday official prices.

Published 02 Jul, 2009 12:00am

17 percent hike in electricity bills: trade bodies will stage protest

The business community has decided to stage protest against 17 percent increase in electricity bills and has deemed it unjust and a suicidal attack on industrial sector. Addressing a joint news conference Tuesday afternoon at Sialkot Chamber of Commerce a

Published 02 Jul, 2009 12:00am

Relief goods donated by PAF officers handed over to minister

Pakistan Air Force (PAF) handed over the relief goods, donated by PAF officials and officers for internally displaced persons (IDPs) of Swat, Buner and Dir to NWFP Health Minister Zahir Shah. On the instructions of PAF Chief of Air Staff Air Chief Marshal

Published 02 Jul, 2009 12:00am

THE RUPEE: dollar cheaper

The rupee managed to gain against dollar on the open market on Wednesday, gaining 10 paisa for buying at 81.25 and 30 paisa for selling at 81.35, dealers said. The interbank market rates were not available due to bank closure, they added. Versus the euro,

Published 02 Jul, 2009 12:00am

Investigations into APS&C affairs ordered

The Board of Governors (BoG) Abbottabad Public School and College (APS&C) directed a probe into various affairs, including that of appointments and other administrative activities and asked for a detailed report before the next meeting, scheduled August 0

Published 02 Jul, 2009 12:00am

THE RUPEE: dollar cheaper

The rupee managed to gain against dollar on the open market on Wednesday, gaining 10 paisa for buying at 81.25 and 30 paisa for selling at 81.35, dealers said. The interbank market rates were not available due to bank closure, they added. Versus the euro,

Published 02 Jul, 2009 12:00am

Pesco urges consumers to conserve electricity

The power generation capability of Water and Power Development Authority (Wapda) has drastically reduced due to technical fault at Mangla powerhouse. This situation has led to additional shortage of 1100 mw. As the prevailing heat wave has increased the u

Published 02 Jul, 2009 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am

'Government to electrify 7,000 villages within five years'

The Federal Minister for Water and Power, Raja Pervez Ashraf has said that the government has set a target to electrify 7,000 villages within next five years through solar energy which cannot be electrified through grid. The minister said that Pakistan is

Published 02 Jul, 2009 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am

Suicide bombings: Supreme Court rejects bail request

The Supreme Court on Wednesday refused to grant bail to two accused, who were arrested for their alleged role in suicide bombings at Abpara and F-8 markaz, Islamabad in 2007, which claimed several lives. A three-member bench of the apex court, comprising

Published 02 Jul, 2009 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am

Power crisis: MCCI seeks government help

The Multan Chamber of Commerce and Industry (MCCI), on Wednesday, urged the government to save both, trade and industry, from total collapse in the wake of the worst-ever power crisis that has gripped the country. "It is a national loss to the country in

Published 02 Jul, 2009 12:00am

National Commodity Exchange Trading Summary

National Commodity Exchange Limited Trading Summary on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am

Hike in POL will increase prices of goods: HCCI

President Hyderabad Chamber of Commerce and Industry (HCCI) Shafique Ahmed Qureshi expressed that with the increase in petroleum products, prices of consumer goods would once again go up and the trade and industry sector would be hit hard. The government

Published 02 Jul, 2009 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am

Traders dismayed over Federal, NWFP budgets

The traders community have said that the 2009-10 budgets of both the Federal and provincial governments have brought a flood of taxes, having no relief to the poor segment of the society. In a joint statement here on Wednesday, the traders criticised the

Published 02 Jul, 2009 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am

Traders dismayed over Federal, NWFP budgets

The traders community have said that the 2009-10 budgets of both the Federal and provincial governments have brought a flood of taxes, having no relief to the poor segment of the society. In a joint statement here on Wednesday, the traders criticised the

Published 02 Jul, 2009 12:00am

ADabba petrol

Today everywhere, especially in Karachi, the hub of all the trading activities, floods of cars are seen on the roads all the time. In today's world transportation, whether It is car or cab, bus or truck, rickshaw or motorcycle, has become an essential nee

Published 02 Jul, 2009 12:00am

Task force being set up to check terrorism

Punjab Chief Minister Shahbaz Sharif has said that a special task force is being set up to check the incidents of terrorism while police force is also being trained on modern lines. He also ordered for setting up special check posts at entry points of cit

Published 02 Jul, 2009 12:00am

Sugar mills' progress on payment of dues reviewed

Sugar mills in Punjab have paid Rs 361.8 million out of the total Rs 655.3 million outstanding dues against them of sugarcane growers, while the government is taking all out steps to ensure payment of rest of the arrears. This was stated by the Punjab Sec

Published 02 Jul, 2009 12:00am

Cotton growers warned against 'Jassid' attack

The Punjab agriculture department has warned the cotton growers to pay special attention to their crop, as heavy rains and increased moisture have increased the threat of attack of 'Jassid' on the crop. Growers have been advised to ensure regular pest sco

Published 02 Jul, 2009 12:00am

Hike in POL products' prices

Everybody in the country is likely to feel the excruciating pain of a substantial increase in the prices of POL products announced by the government with effect from 1st July, 2009. According to an official announcement, price of petrol has been increased

Published 02 Jul, 2009 12:00am

Punjab to introduce mobile health unit system

With initial cost of Rs 300 million, the Punjab government is going to introduce mobile health unit system in three tehsils of the province to extend quality health services to the people of those areas.

Published 02 Jul, 2009 12:00am

Knowing the reality

Whatever the plans prepared in advance, the war determines its own pace and direction - a truism that of late we see unfolding before us. As the Swat operation was thought to have been nearly accomplished NWFP Governor Owais Ghani ordered the forces to mo

Published 02 Jul, 2009 12:00am

Viewpoint: Demand for Seraiki province

A low-key demand for the creation of Seraiki province out of Punjab has been there for a long time. Until now, Barrister Taj Mohammad Langah's Pakistan Seraiki Party had been leading the separate province movement, which failed to catch the fancy of the a

Published 02 Jul, 2009 12:00am

Environmental problems

It is a matter of national concern that the rapidly growing population and economic development are leading to the environmental degradation in Pakistan through the uncontrolled growth of urbanisation and industrialisation, expansion and massive intensifi

Published 02 Jul, 2009 12:00am

Parents mourn children abducted by traffickers

In the quiet village of Shang Di, wedged among factory towns in southern China, Deng Huidong wheels out a dusty two-seater tricycle that her 9-month-old son rode the day he was abducted outside her family house in 2007. Little Ruicong, who was snatched by

Published 02 Jul, 2009 12:00am

PBIC entity ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained long-term and short-term entity ratings of Pak Brunei Investment Company (PBIC) at "AA" (double A) and "A1+" (A one plus) respectively, says a press release. According to report that these ratings i

Published 02 Jul, 2009 12:00am

Partly Facetious: Nice example they are setting?

"So we have a PML (N) man attacking women now."

Published 02 Jul, 2009 12:00am

PHA to launch housing scheme for officers of BPS-17

Pakistan Housing Authority (PHA) has decided to launch a housing scheme for ownership basis for officers of BPS-17 and above of all departments of the Federal Government including Federally Constituted Occupational Groups in Islamabad and all the four pro

Published 02 Jul, 2009 12:00am

Shortage of funds disrupts free treatment

The majority of patients at the Civil Hospital, Children's complex are facing problems in getting free treatment because of the acute shortage of funds. The DHQ Hospital has stopped purchasing medicines and surgical disposables from the open market, throu

Published 02 Jul, 2009 12:00am

Debate kicks off for Seraiki province

As the debate kicks off in the media and the general public on the carving out of new provinces, voices, in favour of a Seraiki province, echoed in the Provincial and National Assembly. Jamshed Khan Dasti, MNA, Makhdoom Javed Hashmi MNA, Makhdoom Shahab-u

Published 02 Jul, 2009 12:00am

Future of gas consumers in rural Islamabad hangs in balance

The residents of Islamabad rural areas have expressed worries over the fate of the Sui gas facility being provided to them by major service provider Sui Northern Gas Pipelines Limited (SNGPL) by asking them to file an undertaking of personal guarantee on

Published 02 Jul, 2009 12:00am

Textile industry badly hurt by loadshedding

The Textile industry had reached the brink of disaster as a result of forced load shedding of electricity and the recent hike in the prices of Petroleum products. The Government was playing havoc with the industry and exports. The recent price hike in Pet

Published 02 Jul, 2009 12:00am

Increasing water-use efficiency: agriculture scientists urged to develop new technology

Dr Muhammad Rashid, Director General Agricultural (Research) asked agricultural scientists to develop new technology to increase water-use efficiency. He stated this while addressing a seminar on Research Activities and the Achievements of the Agronomic R

Published 02 Jul, 2009 12:00am

US MIDDAY: gold rises above $940

Gold futures rose above $940 an ounce early Wednesday, recovering the previous session's losses, as a broad decline of the dollar highlighted the status of gold as a hedge against a falling US currency. August up $12, or 1.3 percent, at $939.40 an ounce a

Published 02 Jul, 2009 12:00am

Pepco providing power to IDPs on a war-footing

Pakistan Electric Power Company (Pepco) is providing electricity distribution infrastructure to the internally displaced persons (IDPs) of Swat and Boner areas for their speedy adjustment in the camps. Twenty-seven declared IDP camps in NWFP have been pro

Published 02 Jul, 2009 12:00am

LME official plastics prices

The following were Tuesday official prices.

Published 02 Jul, 2009 12:00am

Rs 200 million Bankers City scam: bail pleas of three accused rejected

The Islamabad High Court (IHC) here on Wednesday rejected bail pleas of three accused in Rs 200 million Bankers City Housing Society. A division bench of Justice Mohammad Arshad Tabraiz and Justice Syed Intikhab Shah refused to release accused Mehmood Akh

Published 02 Jul, 2009 12:00am

Illegal detention of citizen: registration of case against cop ordered

The Lahore High Court (LHC) here on Wednesday ordered for registration of a case against Incharge Organised Crime, CIA, Ali Abbas, for keeping a citizen in his illegal detention for fortnight. The petitioner Muhammad Ikram has moved a habeas corpus petiti

Published 02 Jul, 2009 12:00am

CDA cancels contract of Kashmir Highway toll plaza construction

The Capital Development Authority (CDA) has cancelled the contract of the Kashmir Highway toll plaza construction and took over the operational control of the toll plaza due to non-compliance of contractual obligations by the contractor. Besides various o

Published 02 Jul, 2009 12:00am

Suroor Investment acquires 297.034 million shares of AHBL

Suroor Investment Limited, a company incorporated in Mauritius, has acquired 297.034 million ordinary shares of Arif Habib Bank Limited for Rs 2.673 billion at Rs 9 per share under share purchase agreement, subject to the necessary regulatory approval.

Published 02 Jul, 2009 12:00am

PTCL, HRI sign accord

Pakistan Telecommunication Company Limited (PTCL), in order to provide sales and after sales support of PTCL corporate product portfolio to the SME market, has signed a strategic agreement with Habib Rafiq International Pvt Ltd (HRI).

Published 02 Jul, 2009 12:00am

FOCUS Pakistan receives UN award

Focus Humanitarian Assistance (FOCUS) Pakistan was selected by the jury of 2009 UN Sasakawa Award for Disaster Reduction to receive Certificate of Merit for enhancing disaster risk reduction. Chairman Amyn Dossa, together with the Executive Officer Ghulam

Published 02 Jul, 2009 12:00am

CNG buses project comes to a halt

Work on CNG buses project for the city has come to a halt, as the Ministry of Environment has delayed releasing Rs 500 million to the Karachi Mass Transit Cell (KMTC) of City District Government Karachi (CDGK) in the outgoing fiscal year. According to rel

Published 02 Jul, 2009 12:00am

US MIDDAY: copper surges

US copper futures rose to a 2-1/2-week high early Wednesday after manufacturing data from China, Europe and the United States reinforced global economic recovery hope. Copper for September delivery surged 8.15 cents, or 3.6 percent, to $2.3535 a lb by 10:

Published 02 Jul, 2009 12:00am

JS Bank ratings upgraded

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term and short-term entity ratings of JS Bank Limited to "A" (Single A) and "A1" (A One), respectively. These ratings denote low expectation of credit risk emanating from a strong capacity fo

Published 02 Jul, 2009 12:00am

JS Bank ratings upgraded

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term and short-term entity ratings of JS Bank Limited to "A" (Single A) and "A1" (A One), respectively. These ratings denote low expectation of credit risk emanating from a strong capacity fo

Published 02 Jul, 2009 12:00am

Sale of outdated drugs: medical official refutes news item

Medical Superintendent, Liaquat University Hospital, Hyderabad while contradicting news item appeared in section of the press about sale of official outdated drugs in the market and consumption of fake medicines in medical camps, has termed it as baseless

Published 02 Jul, 2009 12:00am

Dairy sector shows huge potential for growth

Dairy is one of the expanding industrial sectors in Pakistan with currently about 23 units engaged in the production of various dairy products. However, presently almost all the dairy units are working below their capacities. Besides milk, milk powder and

Published 02 Jul, 2009 12:00am

Soneri Bank's ratings maintained at AA-, Al+

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Soneri Bank Limited at AA- (Double A minus) and Al+ (A one plus), respectively. These ratings denote a very low expectation of credit risk emanating fr

Published 02 Jul, 2009 12:00am

PBIC entity ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained long-term and short-term entity ratings of Pak Brunei Investment Company (PBIC) at "AA" (double A) and "A1+" (A one plus) respectively, says a press release. According to report that these ratings i

Published 02 Jul, 2009 12:00am

Soneri Bank's ratings maintained at AA-, Al+

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Soneri Bank Limited at AA- (Double A minus) and Al+ (A one plus), respectively. These ratings denote a very low expectation of credit risk emanating fr

Published 02 Jul, 2009 12:00am

Narrow body aircraft deal in the offing

The national carrier, Pakistan International Airlines, is negotiating a mind-boggling US $2 billion deal at list price with Airbus and Boeing for the purchase of 27 new single-aisle aircraft within the next few weeks. Aviation circles term this order a "p

Published 02 Jul, 2009 12:00am

Federer reaches semis

Five-time Wimbledon champion Roger Federer reached his 21st consecutive Grand Slam semi-final on Wednesday with a majestic 6-3, 7-5, 7-6 (7/3) dismantling of giant Croatian Ivo Karlovic. Federer, bidding for a sixth All England Club title and a record 15t

Published 02 Jul, 2009 12:00am

Report on KESC being presented today: Pepco

Pepco Managing Director Tahir Basharat Cheema said on Wednesday that a Pepco team would present a report on KESC to the Ministry of Water and Power on Thursday, July 2 and action would be taken against management of KESC. He said that Pepco had sent bill

Published 02 Jul, 2009 12:00am

South Korea fails labour reform; mass job loss feared

South Korean lawmakers failed to strike a compromise on a labour reform law by a midnight Tuesday deadline, putting tens of thousands of contract workers at risk of layoffs if employers refuse to offer them permanent jobs.

Published 02 Jul, 2009 12:00am

Report on KESC being presented today: Pepco

Pepco Managing Director Tahir Basharat Cheema said on Wednesday that a Pepco team would present a report on KESC to the Ministry of Water and Power on Thursday, July 2 and action would be taken against management of KESC. He said that Pepco had sent bill

Published 02 Jul, 2009 12:00am

US ends some benefits for Argentina, India, others

The Obama administration said on Tuesday it would no longer allow some imports from Argentina, India, Thailand, Ukraine, Indonesia and Turkey to receive duty-free treatment under a US trade program. The US Trade Representative's office said it was ending

Published 02 Jul, 2009 12:00am

World Bank approves $50 million for irrigation in Sindh

The World Bank has approved a 50 million dollars International Development Association (IDA) credit to Pakistan, designed to improve water resource management and enhance agricultural productivity in Sindh. The additional financing for the Sindh On-Farm W

Published 02 Jul, 2009 12:00am

US jobs gloom overshadows manufacturing glimmers

US manufacturing mustered its highest level of activity in nearly a year in June but unexpected weakness in private sector employment signalled how slow an economic recovery might be, reports released on Wednesday showed. While some parts of the economy a

Published 02 Jul, 2009 12:00am

World Bank approves $50 million for irrigation in Sindh

The World Bank has approved a 50 million dollars International Development Association (IDA) credit to Pakistan, designed to improve water resource management and enhance agricultural productivity in Sindh. The additional financing for the Sindh On-Farm W

Published 02 Jul, 2009 12:00am

California misses budget deadline

California's lawmakers failed to agree on a balanced budget by the start of its new fiscal year on Wednesday morning, clearing the way to suspend payments owed to the state's vendors and local agencies, who instead will get "IOU" notes promising payment.

Published 02 Jul, 2009 12:00am

World Bank approves $50 million for irrigation in Sindh

The World Bank has approved a 50 million dollars International Development Association (IDA) credit to Pakistan, designed to improve water resource management and enhance agricultural productivity in Sindh. The additional financing for the Sindh On-Farm W

Published 02 Jul, 2009 12:00am

Japan firms' grim mood to put BoJ exit plans on ice

Japanese business morale improved less than expected in June, plagued by doubts about the global economy, giving the central bank little room to retreat from ruptured corporate finance markets. Large manufacturers, their export markets wrecked by the fina

Published 02 Jul, 2009 12:00am

LPG price likely to surge Rs 9.80 per kg

As a result of hike in the Saudi Aramco contract price of Liquefied Petroleum Gas (LPG) by $91 per ton, petroleum gas is likely to increase by Rs 9.80 per kg in the local market, traders feared on Wednesday.

Published 02 Jul, 2009 12:00am

India raises fuel prices for first time in a year

India unexpectedly raised gasoline and diesel prices by as much as 10 percent on Wednesday, its first increase this year, passing some of oil's rally into an economy just beginning to find its feet amid a global recession. The hike will aid margins for st

Published 02 Jul, 2009 12:00am

LPG price likely to surge Rs 9.80 per kg

As a result of hike in the Saudi Aramco contract price of Liquefied Petroleum Gas (LPG) by $91 per ton, petroleum gas is likely to increase by Rs 9.80 per kg in the local market, traders feared on Wednesday.

Published 02 Jul, 2009 12:00am

British Airways calls in negotiators over pay row

Struggling British Airways said Wednesday it had asked a conciliation service to help reach a deal with unions on pay and job cuts, in a bid to avoid the threat of a damaging strike. Talks between BA and union officials over cost savings at the airline fa

Published 02 Jul, 2009 12:00am

LPG price likely to surge Rs 9.80 per kg

As a result of hike in the Saudi Aramco contract price of Liquefied Petroleum Gas (LPG) by $91 per ton, petroleum gas is likely to increase by Rs 9.80 per kg in the local market, traders feared on Wednesday.

Published 02 Jul, 2009 12:00am

M&S first quarter beats forecasts but cautious on outlook

Britain's Marks & Spencer posted a smaller-than-expected drop in first-quarter underlying sales, boosting its shares, as Executive Chairman Stuart Rose says he was "not concerned" by a row over his succession. The 125-year-old retailer, which sells clothe

Published 02 Jul, 2009 12:00am

Diana Ross named in Michael Jackson will

Michael Jackson asked his mother to raise his children and named soul legend Diana Ross as an alternative guardian in the event of his parent's death, according to a will filed in court here Wednesday. The five-page document registered in Los Angeles Coun

Published 02 Jul, 2009 12:00am

Iraq stands firm, rejects foreign oil deals

Iraq on Wednesday said it has rejected further offers from foreign companies to work in the country's oil and gas sector and pledged that some sites will instead be solely exploited by state-owned firms. The cabinet made its decision after reviewing new o

Published 02 Jul, 2009 12:00am

Up to 3.6 million euro aid for IDPs: Germany links Pak-EU FTA with legislative reforms

Germany, increasing its humanitarian aid for internally displaced persons (IDPs) in Pakistan by one million euro to 3.6 million euro, has said Islamabad would have to change its laws as per WTO rules for signing a free trade agreement (FTA) with European

Published 02 Jul, 2009 12:00am

Maruti Suzuki posts record exports in June

India's largest carmaker Maruti Suzuki India, majority-owned by Japan's Suzuki Motor, announced Wednesday record exports in June, led by improved demand across European markets. The country's leading vehicle maker Tata Motors said later in the day that lo

Published 02 Jul, 2009 12:00am

India withdraws troops from held Kashmir town

India withdrew troops on Wednesday from a tense held Kashmir town where they shot dead four protesters to quell violent anti-India demonstrations in the past three days, the government said. Occupied Baramulla town in north held Kashmir, bordering Pakista

Published 02 Jul, 2009 12:00am

Swiss PMI rise in June shows sharp recession easing

The deep recession in the Swiss manufacturing sector eased somewhat in June, a rise in the Purchasing Managers' Index indicated. The Credit Suisse/SVME PMI rose to 41.8 points from 39.8 points, coming slightly ahead of the median forecast in a Reuters pol

Published 02 Jul, 2009 12:00am

Britain says Iran frees two more staff

Iran has freed two more Iranian employees at the British embassy in Tehran, the British government said on Wednesday, out of nine originally held on accusations of involvement in post-election unrest in the Islamic state. An embassy source said two Irania

Published 02 Jul, 2009 12:00am

Breaking up big banks is unrealistic: HSBC

The global financial industry should not be revamped to try to ensure no bank was too big to fail, HSBC Chairman Stephen Green said on Tuesday. "It is unrealistic to believe that the industry can be reconstructed such that individual institutions are not

Published 02 Jul, 2009 12:00am

Britain says Iran frees two more staff

Iran has freed two more Iranian employees at the British embassy in Tehran, the British government said on Wednesday, out of nine originally held on accusations of involvement in post-election unrest in the Islamic state. An embassy source said two Irania

Published 02 Jul, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
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At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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