News Archives for Print - 2009-11-05

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

Let NRO die its logical death on November 28: Kaira

Information Minister Qamar Zaman Kaira said on Wednesday that any decision on whether President Asif Ali Zardari will resign to face cases in the courts or enjoy immunity will be taken when November 28 comes. "The controversial National Reconciliation Ord

Published 05 Nov, 2009 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

Parliamentarians call on Prime Minister

A group of Parliamentarians including Ministers called on Prime Minister Yusuf Raza Gilani at his Parliament chamber on Wednesday. The ministers briefed the prime minister about the working of their ministries. The Parliamentarians apprised the prime mini

Published 05 Nov, 2009 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 Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

Zardari urged to help promote party's image

Some senior leaders of the Pakistan Peoples Party (PPP) have exhorted President Asif Ali Zardari to mobilise party with a view to intensifying a campaign to promote its image by getting credit of good things like its efforts towards repealing the 17th ame

Published 05 Nov, 2009 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 Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

PPP determined to protect democracy at any cost: President

President Asif Ali Zardari on Wednesday said that Pakistan Peoples Party has always been in the forefront to defend democracy and would continue to do so in the future as well. He said this while addressing a meeting with Jamiat Ulema-e- Islam parliamenta

Published 05 Nov, 2009 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

Militants on 'retreat' due to operation in SWA: Zardari

President, Asif Ali Zardari on Wednesday said the militants were on a "retreat", following the massive military operation in South Waziristan to rid the area of extremists and terrorists. Talking to special envoy of the UN Secretary General for Humanitari

Published 05 Nov, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

Afghan policeman kills five British troops

A "rogue" Afghan policeman shot dead five British soldiers in Afghanistan, precipitating an immediate inquiry and fuelling further questions about the war back in London, officials said Wednesday. The attacker fled after opening fire at a checkpoint in th

Published 05 Nov, 2009 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

Afghan policeman kills five British troops

A "rogue" Afghan policeman shot dead five British soldiers in Afghanistan, precipitating an immediate inquiry and fuelling further questions about the war back in London, officials said Wednesday. The attacker fled after opening fire at a checkpoint in th

Published 05 Nov, 2009 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 Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

Forces take control of Ladha after fierce battle: 30 terrorists killed, Fazlullah's top aide held

After a fierce battle for Ladha, strategically important area of South Waziristan Agency and stronghold of terrorists, security forces have entered the area, which would help in crushing the terrorists' resistance to a great extent. During the ongoing "Op

Published 05 Nov, 2009 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

Forces take control of Ladha after fierce battle: 30 terrorists killed, Fazlullah's top aide held

After a fierce battle for Ladha, strategically important area of South Waziristan Agency and stronghold of terrorists, security forces have entered the area, which would help in crushing the terrorists' resistance to a great extent. During the ongoing "Op

Published 05 Nov, 2009 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

Kitchen items: salaried class hard hit by rising prices

The trend of rising prices of kitchen items continues unabated, eroding the value of each rupee earned by the common man. Despite tall claims of the Federal and provincial governments, price of pulses, cooking oil, chicken, mutton, tea, eggs, vegetables,

Published 05 Nov, 2009 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 05 Nov, 2009 12:00am

Kitchen items: salaried class hard hit by rising prices

The trend of rising prices of kitchen items continues unabated, eroding the value of each rupee earned by the common man. Despite tall claims of the Federal and provincial governments, price of pulses, cooking oil, chicken, mutton, tea, eggs, vegetables,

Published 05 Nov, 2009 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 05 Nov, 2009 12:00am

Kitchen items: salaried class hard hit by rising prices

The trend of rising prices of kitchen items continues unabated, eroding the value of each rupee earned by the common man. Despite tall claims of the Federal and provincial governments, price of pulses, cooking oil, chicken, mutton, tea, eggs, vegetables,

Published 05 Nov, 2009 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (November 04, 2009).

Published 05 Nov, 2009 12:00am

Two women teachers shot dead

Two female school teachers were shot dead here by unknown armed men whereas two others sustained injuries at Khar Headquarters of Bajaur agency. Political authorities of the Agency said, unidentified armed persons opened indiscriminate fire on school teac

Published 05 Nov, 2009 12:00am

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 05 Nov, 2009 12:00am

Two women teachers shot dead

Two female school teachers were shot dead here by unknown armed men whereas two others sustained injuries at Khar Headquarters of Bajaur agency. Political authorities of the Agency said, unidentified armed persons opened indiscriminate fire on school teac

Published 05 Nov, 2009 12:00am

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 05 Nov, 2009 12:00am

Government urged to impose ban on exports of cotton, yarn

Pakistan Hosiery Manufacturers Association (PHMA) has demanded the government to impose restriction on export of cotton and cotton yarn by invoking GATT 1994, Article XI: 2 (b) and XI 2(a). The PHMA leadership stressed that the export of value-added knitw

Published 05 Nov, 2009 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 05 Nov, 2009 12:00am

Government urged to impose ban on exports of cotton, yarn

Pakistan Hosiery Manufacturers Association (PHMA) has demanded the government to impose restriction on export of cotton and cotton yarn by invoking GATT 1994, Article XI: 2 (b) and XI 2(a). The PHMA leadership stressed that the export of value-added knitw

Published 05 Nov, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 104,395 tonnes of cargo including 76,469 tonnes import and 27,926 tonnes export cargo including 1,728 empty and loaded containers during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 67,403 tonnes dry car

Published 05 Nov, 2009 12:00am

Government urged to impose ban on exports of cotton, yarn

Pakistan Hosiery Manufacturers Association (PHMA) has demanded the government to impose restriction on export of cotton and cotton yarn by invoking GATT 1994, Article XI: 2 (b) and XI 2(a). The PHMA leadership stressed that the export of value-added knitw

Published 05 Nov, 2009 12:00am

Ivory Coast cocoa prices rise

Cocoa farmgate prices in Ivory Coast's principal growing regions continued to rise last week, propelled by local grinders' purchases and high ports prices, farmers and exporters said on Wednesday. The 2009/10 crop in Ivory Coast, the world's top cocoa pro

Published 05 Nov, 2009 12:00am

General Motors''s U-turn on Opel sale angers Germany, Russia

German and Russian leaders seethed and unions tore up a deal to cut costs in protest at General Motors'' "completely unacceptable" decision to keep Opel, its European unit, after months of talks. Labour leader Klaus Franz rescinded hundreds of millions of

Published 05 Nov, 2009 12:00am

US wheat futures weak

US wheat futures closed weak on Tuesday on a firm dollar and profit-taking after the strong rally late on Monday, in addition to ongoing pressure from slow US exports and a big global supply of wheat. Chicago Board of Trade December wheat settled down 1 c

Published 05 Nov, 2009 12:00am

General Motors's U-turn on Opel sale angers Germany, Russia

German and Russian leaders seethed and unions tore up a deal to cut costs in protest at General Motors' "completely unacceptable" decision to keep Opel, its European unit, after months of talks. Labour leader Klaus Franz rescinded hundreds of millions of

Published 05 Nov, 2009 12:00am

South African maize deliveries

Maize deliveries from South African farms rose past the 11 million tonne mark last week, data showed on Wednesday, while the main maize futures rode higher on the back of firmer international prices. White maize deliveries rose to 6.425 million tonnes fro

Published 05 Nov, 2009 12:00am

General Motors's U-turn on Opel sale angers Germany, Russia

German and Russian leaders seethed and unions tore up a deal to cut costs in protest at General Motors' "completely unacceptable" decision to keep Opel, its European unit, after months of talks. Labour leader Klaus Franz rescinded hundreds of millions of

Published 05 Nov, 2009 12:00am

India's sugar output seen below demand

India will consume up to 7 million tonnes more sugar than it will produce in 2009/10, prompting the government to extend permission for duty-free imports, Farm Minister Sharad Pawar said on Wednesday. The world's biggest consumer of the sweetener was like

Published 05 Nov, 2009 12:00am

Revision of collector rates of immovable assets: RTOs asked to approach provincial secretaries

The Federal Board of Revenue (FBR) has asked all Regional Tax Offices (RTOs) to approach provincial chief secretaries, finance secretaries and secretaries for excise and taxation for the revision of the collector rates of the immovable assets, which are 1

Published 05 Nov, 2009 12:00am

Jakarta may export 300,000 tonnes of rice in 2010

Indonesia is unlikely to export more than 300,000 tonnes of rice next year, about a tenth of this year's surplus, in order to build up stocks in case of bad weather conditions, an agriculture ministry official said on Wednesday. The rice market has been e

Published 05 Nov, 2009 12:00am

Revision of collector rates of immovable assets: RTOs asked to approach provincial secretaries

The Federal Board of Revenue (FBR) has asked all Regional Tax Offices (RTOs) to approach provincial chief secretaries, finance secretaries and secretaries for excise and taxation for the revision of the collector rates of the immovable assets, which are 1

Published 05 Nov, 2009 12:00am

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Tuesday as showed renewed interest in fresh buying, dealers said. The December vaida, which closed at 909.60 and opened with a gain of 20 paisa at Rs 909.80, and the January contract, which

Published 05 Nov, 2009 12:00am

Revision of collector rates of immovable assets: RTOs asked to approach provincial secretaries

The Federal Board of Revenue (FBR) has asked all Regional Tax Offices (RTOs) to approach provincial chief secretaries, finance secretaries and secretaries for excise and taxation for the revision of the collector rates of the immovable assets, which are 1

Published 05 Nov, 2009 12:00am

Spot rate, lint prices march upward despite bumper crop prospects

Prices maintained surge on the cotton market on Wednesday despite the expectations for bumper production during the current season, dealers said. The official spot rate was raised further by Rs 50 to Rs 3825, brokers said. In the ready business approximat

Published 05 Nov, 2009 12:00am

Astronomers see 'skeleton' of the universe

Astronomers in Chile and Japan have for the first time seen part of the "cosmic web" of galaxies that permeates the known universe in a gigantic assembly some seven billion light-years from Earth. Viewed through the world's most powerful telescopes.

Published 05 Nov, 2009 12:00am

Jute goods prices mixed on Jodia Bazar

The trading in jute goods twine closed mixed on Jodia Bazar here on Wednesday. The following changes were noted.

Published 05 Nov, 2009 12:00am

Astronomers see 'skeleton' of the universe

Astronomers in Chile and Japan have for the first time seen part of the "cosmic web" of galaxies that permeates the known universe in a gigantic assembly some seven billion light-years from Earth. Viewed through the world's most powerful telescopes.

Published 05 Nov, 2009 12:00am

Til low type, Irri 9 Sindh sharply higher

Rising trend was seen on the wholesale grain market on Wednesday as exporters' demand for rice increased, dealers said. On the seed side cottonseed oilcake with bag Sindh low type maintained its overnight level at Rs 1060, while the better type moved up a

Published 05 Nov, 2009 12:00am

'Israel intercepts ship carrying weapons'

Israeli naval commandos and warships have intercepted a ship "apparently" carrying weapons from Iran to the Lebanese Hezbollah militia in a raid dozens of miles off its coast, officials said on Wednesday. "During the night a special marine force intercept

Published 05 Nov, 2009 12:00am

India may buy Vietnam rice

India may import about 2 million tonnes of rice, including government-to-government deals with Thailand and Vietnam, the Press Trust of India reported on Wednesday, citing unamed official sources. The government may also give incentives for such imports t

Published 05 Nov, 2009 12:00am

'Israel intercepts ship carrying weapons'

Israeli naval commandos and warships have intercepted a ship "apparently" carrying weapons from Iran to the Lebanese Hezbollah militia in a raid dozens of miles off its coast, officials said on Wednesday. "During the night a special marine force intercept

Published 05 Nov, 2009 12:00am

US copper higher

US copper futures bounced from a near two-week low to end higher on Tuesday, with spillover support from a stronger precious metals complex providing a modest lift ahead of a Federal Reserve interest rate decision on Wednesday. Copper for December deliver

Published 05 Nov, 2009 12:00am

Man appears alive at own funeral

A Brazilian bricklayer reportedly killed in a car crash shocked his mourning family by showing up alive at his funeral. Relatives of Ademir Jorge Goncalves, 59, had identified him as the victim of a Sunday night car crash in Parana state in southern Brazi

Published 05 Nov, 2009 12:00am

Shanghai copper gains

Copper prices rose on Wednesday, with Shanghai metal up 0.7 percent and London futures just shy of $6,600, as investors bet on a dollar sell-off after a Federal Reserve meeting ends later in the day. While the market expects the two-day US Federal Reserve

Published 05 Nov, 2009 12:00am

Gold touches new high at Rs 34,500 per tola

Gold prices on Wednesday touched a new high of Rs 34,500 per tola following a record increase in international prices to $1091 an ounce, traders said. Gold recorded a rise of Rs 500 per tola in a single day trading to hit a new level of Rs 34,500, up from

Published 05 Nov, 2009 12:00am

US rice futures soar

US rice futures on the Chicago Board of Trade rose to a fresh 9-1/2-month top on Tuesday and several back months made contract highs as concerns about a short Indian crop propelled speculative buying, traders said. November rice ended up 8-1/2 cents per c

Published 05 Nov, 2009 12:00am

Gold touches new high at Rs 34,500 per tola

Gold prices on Wednesday touched a new high of Rs 34,500 per tola following a record increase in international prices to $1091 an ounce, traders said. Gold recorded a rise of Rs 500 per tola in a single day trading to hit a new level of Rs 34,500, up from

Published 05 Nov, 2009 12:00am

Malaysian tin slips

Malaysian tin edged 0.3 percent lower on Wednesday, weighed by a supply build-up and lower London Metal Exchange prices, one dealer said.

Published 05 Nov, 2009 12:00am

Gold touches new high at Rs 34,500 per tola

Gold prices on Wednesday touched a new high of Rs 34,500 per tola following a record increase in international prices to $1091 an ounce, traders said. Gold recorded a rise of Rs 500 per tola in a single day trading to hit a new level of Rs 34,500, up from

Published 05 Nov, 2009 12:00am

Thai rubber exports

Thailand, the world's top rubber producer, is expected to export 2.6 million tonnes of the commodity this year, a drop of 3 percent from 2008, a senior Thai official said on Wednesday. Rain has affected tapping in the main growing area in the south and pr

Published 05 Nov, 2009 12:00am

Fed holds rates, says economy picking up

The US Federal Reserve held its near-zero interest rate policy Wednesday and announced steps to wind down support of the ailing economy, saying it had "continued to pick up" since September. The policy-setting Federal Open Market Committee (FOMC), headed

Published 05 Nov, 2009 12:00am

New York sugar rises

Raw sugar futures relied on follow-through investment fund buying to end higher Tuesday and analysts believe the market is positioning itself for another rally in the weeks ahead, analysts said. The March raw sugar contracts climbed 0.53 cent to end at 23

Published 05 Nov, 2009 12:00am

Fed holds rates, says economy picking up

The US Federal Reserve held its near-zero interest rate policy Wednesday and announced steps to wind down support of the ailing economy, saying it had "continued to pick up" since September. The policy-setting Federal Open Market Committee (FOMC), headed

Published 05 Nov, 2009 12:00am

US soya futures hit one-week top

US soybean futures on the Chicago Board of Trade hit a one-week top on Tuesday on follow-through technical strength that attracted a fresh inflow of capital from investors. Monday's strong technical close after the highs and lows exceeded the previous tra

Published 05 Nov, 2009 12:00am

Fed holds rates, says economy picking up

The US Federal Reserve held its near-zero interest rate policy Wednesday and announced steps to wind down support of the ailing economy, saying it had "continued to pick up" since September. The policy-setting Federal Open Market Committee (FOMC), headed

Published 05 Nov, 2009 12:00am

Indonesia palm trades

In Indonesia, the state marketing centre, based in Jakarta, sold 12,000 tonnes of palm oil at a top price of 6,560 rupiah ($0.688) per kg against 6,458 rupiah on Tuesday. Producers in Medan, home to Indonesia's main palm oil export port of Belawan, sold p

Published 05 Nov, 2009 12:00am

WPI, PPL apply for 40 mmcfd gas from Kandhkot

Pakistan Petroleum Limited (PPL) and Walters Power International (WPI) Limited, of US, have both shown keenness to set up a power plant, and both are competing for allocation of 40 mmcfd additional gas expected from Kandhkot gas field. The decision rests

Published 05 Nov, 2009 12:00am

Malaysian palm oil hits two-month highs

Malaysian crude palm oil futures jumped as much as 3.8 percent on Wednesday to hit two-month highs as rising crude oil markets boosted global vegetable oil prices. But underlying palm sentiment was weak due to fears that stock levels in Malaysia and Indon

Published 05 Nov, 2009 12:00am

WPI, PPL apply for 40 mmcfd gas from Kandhkot

Pakistan Petroleum Limited (PPL) and Walters Power International (WPI) Limited, of US, have both shown keenness to set up a power plant, and both are competing for allocation of 40 mmcfd additional gas expected from Kandhkot gas field. The decision rests

Published 05 Nov, 2009 12:00am

Oil prices steady above $79 a barrel

Oil held steady above $79 a barrel on Wednesday, after rising nearly 2 percent a day ago, following an industry report showing a rise in fuel inventories in the United States, though crude fell unexpectedly. Initial losses were kept in check as gold held

Published 05 Nov, 2009 12:00am

WPI, PPL apply for 40 mmcfd gas from Kandhkot

Pakistan Petroleum Limited (PPL) and Walters Power International (WPI) Limited, of US, have both shown keenness to set up a power plant, and both are competing for allocation of 40 mmcfd additional gas expected from Kandhkot gas field. The decision rests

Published 05 Nov, 2009 12:00am

Gold eases in Asia

Gold eased on Wednesday as investors took profits a day after it hit record highs despite the dollar's strength, but sentiment improved on bullion's growing status as a destination for diversifying official reserves. Weakness in equities markets, resurfac

Published 05 Nov, 2009 12:00am

Five work days/week for industrial units, CNG stations announced: Cabinet approves sugar policy, paddy procurement and gas load management plan

Federal Cabinet which met with Prime Minister Syed Yousuf Raza Gilani in the chair, on Wednesday approved Sugar Policy 2009-10, paddy procurement plan and four-month gas load management plan 2009/10 (from November 15, 2009 till March 15, 2010).

Published 05 Nov, 2009 12:00am

Chinese giant to buy US oil assets

Norwegian energy group Statoil said Wednesday it was selling some of its US offshore oil assets to China's state-owned CNOOC, marking the first step by a Chinese energy major into the US market. The sale, announced along with Statoil's quarterly results,

Published 05 Nov, 2009 12:00am

Five work days/week for industrial units, CNG stations announced: Cabinet approves sugar policy, paddy procurement and gas load management plan

Federal Cabinet which met with Prime Minister Syed Yousuf Raza Gilani in the chair, on Wednesday approved Sugar Policy 2009-10, paddy procurement plan and four-month gas load management plan 2009/10 (from November 15, 2009 till March 15, 2010).

Published 05 Nov, 2009 12:00am

Moody's downgrades Dubai government-linked firms

Moody's Investors Service said on Wednesday that it has downgraded five Dubai government-linked companies, including Dubai Ports World, though the government would most likely bail them out if necessary. The issuer and debt ratings of international port o

Published 05 Nov, 2009 12:00am

Five work days/week for industrial units, CNG stations announced: Cabinet approves sugar policy, paddy procurement and gas load management plan

Federal Cabinet which met with Prime Minister Syed Yousuf Raza Gilani in the chair, on Wednesday approved Sugar Policy 2009-10, paddy procurement plan and four-month gas load management plan 2009/10 (from November 15, 2009 till March 15, 2010).

Published 05 Nov, 2009 12:00am

EU lawmakers approve helping industry with CO2 cost

European Union lawmakers approved a list on Wednesday of EU industries that stand to receive help with meeting the cost of permits to emit carbon dioxide. Industries such as metals, textiles, building materials and ceramics will be given free permits from

Published 05 Nov, 2009 12:00am

US services sector grows, job losses fall

The US services sector, which represents about 80 percent of US economic activity, grew for the second consecutive month in October, while the labour market also showed signs of improvement in data published on Wednesday. The US Institute for Supply Manag

Published 05 Nov, 2009 12:00am

Ireland hit by lower Fitch credit rating, OECD forecast

Ireland's troubled economy took a double hit Wednesday as ratings agency Fitch cut the nation's credit rating due to the downturn and the OECD predicted a worse-than-expected economic contraction next year. Fitch said it had lowered Ireland's sovereign cr

Published 05 Nov, 2009 12:00am

Standard Bank signs dual currency loan deal

Africa's biggest bank by assets, Standard Bank Group, said on Wednesday it had signed a $55 million and 70 million euro dual currency loan deal, which would be used for trade-related finance business. The South African bank said nine international banks f

Published 05 Nov, 2009 12:00am

Time Warner profit beats estimates

Time Warner Inc posted a higher-than-expected quarterly profit and raised its full-year earnings forecast in a sign that advertising sales at cable networks such as TNT are recovering and cost cutting at the Warner Bros film studio is paying off.

Published 05 Nov, 2009 12:00am

Time Warner profit beats estimates

Time Warner Inc posted a higher-than-expected quarterly profit and raised its full-year earnings forecast in a sign that advertising sales at cable networks such as TNT are recovering and cost cutting at the Warner Bros film studio is paying off.

Published 05 Nov, 2009 12:00am

SocGen misses profit forecast as bid talk returns

Societe Generale's lower-than-expected third quarter profit has highlighted the French bank's weakness compared to many of its rivals and its position as a possible bid target if there is a sector shake-up. Like peers Credit Suisse and Deutsche Bank, SocG

Published 05 Nov, 2009 12:00am

SocGen misses profit forecast as bid talk returns

Societe Generale's lower-than-expected third quarter profit has highlighted the French bank's weakness compared to many of its rivals and its position as a possible bid target if there is a sector shake-up. Like peers Credit Suisse and Deutsche Bank, SocG

Published 05 Nov, 2009 12:00am

UK and Europe services PMI around two-year highs

Europe provided more evidence of a rebound from recession on Wednesday with surveys suggesting service sector activity expanded at its fastest in 22 months in October in the eurozone, and in Britain at its briskest since August 2007, when the global credi

Published 05 Nov, 2009 12:00am

South Korea firms win UAE refinery deals

Takreer of Abu Dhabi has awarded contracts worth a total of 5.2 billion dollars to two South Korean companies to expand the Ruwais oil refinery, the Emirati company said on Wednesday. GS Engineering and Construction Corp was awarded a 3.1-billion-dollar o

Published 05 Nov, 2009 12:00am

Total and Statoil profits plummet

France's Total and Norwegian rival Statoil have added to the downbeat tone from the oil industry, promising to tackle a tough environment with cost cuts as they announced big drops in third-quarter profit. Both companies have benefited from a recovery in

Published 05 Nov, 2009 12:00am

Total and Statoil profits plummet

France's Total and Norwegian rival Statoil have added to the downbeat tone from the oil industry, promising to tackle a tough environment with cost cuts as they announced big drops in third-quarter profit. Both companies have benefited from a recovery in

Published 05 Nov, 2009 12:00am

Cuba, Russia sign first post-Soviet oil deal

Cuba and Russia signed an agreement Monday to allow Russian state oil company Zarubezhneft to explore for and produce oil in Cuba in their first post-Soviet oil pact. "The contracts that were signed are tremendously important for Russia and Cuba, since th

Published 05 Nov, 2009 12:00am

Russia may allow Renault to control AvtoVAZ

The Russian government could allow French group Renault to buy control of AvtoVAZ as part of a broader plan to save the ailing car maker, a Russian government source told Reuters on Wednesday. "At the end of the day the government will search for a strate

Published 05 Nov, 2009 12:00am

Hungary rate cut decided in tight vote

Hungary's central bank decided in a tight vote in October to reduce its base rate by only 50 basis points, as four rate setters wanted a bigger cut, the minutes of the meeting showed on Wednesday. The bank cut rates by 50 basis points to 7.0 percent with

Published 05 Nov, 2009 12:00am

ECB rates on hold as it enters 'post-crisis mode'

The European Central Bank is poised to keep its key interest rate steady at a record low 1.0 percent on Thursday as policymakers shift into "post-crisis mode," analysts say. Economists agreed a change of rates is not on the cards and pointed to several fa

Published 05 Nov, 2009 12:00am

G20 likely to keep stimulus pledge

G20 policymakers are likely to maintain their pledge to keep economic life-support packages in place until recovery is assured when they meet this weekend, a UK government source said on Wednesday. Finance ministers and central bankers from the Group of 2

Published 05 Nov, 2009 12:00am

BoJ's Shirakawa reassures markets low rates to stay

The Bank of Japan will keep interest rates near zero even as downside risks to the economy subside, the central bank governor said, reassuring investors its withdrawal from credit markets does not signal an exit from its ultra-easy monetary policy. The Bo

Published 05 Nov, 2009 12:00am

Specialty chemicals makers see slow recovery ahead

European specialty chemicals makers Clariant and Rhodia said demand was slowly improving, hinting at light at the end of the tunnel for the recession-hit industry. With products ending up in anything from creams and shampoos to tyres, dashboards and flat

Published 05 Nov, 2009 12:00am

Indonesia holds rates, signals in no rush to tighten

Indonesia's central bank signalled on Wednesday it was not in a hurry to start hiking rates with its reassuring message on inflation, prompting gains in bond and stock markets and helping the rupiah recoup early losses. Bank Indonesia (BI) kept its key ra

Published 05 Nov, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.83
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
Nasdaq / Nov 25	18,054.84
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Petrol/Litre / Nov 26	248.38
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Diesel/Litre / Nov 26	255.14

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

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

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

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