News Archives for Print - 2009-12-04

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 04 Dec, 2009 12:00am

A lacklustre performance

The local share market on Thursday witnessed lacklustre performance due to shortage of liquidity, unavailability of any leverage product and prevailing economic and political situation. Although the market opened on a positive note and the index hit 9,168

Published 04 Dec, 2009 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

A lacklustre performance

The local share market on Thursday witnessed lacklustre performance due to shortage of liquidity, unavailability of any leverage product and prevailing economic and political situation. Although the market opened on a positive note and the index hit 9,168

Published 04 Dec, 2009 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

A lacklustre performance

The local share market on Thursday witnessed lacklustre performance due to shortage of liquidity, unavailability of any leverage product and prevailing economic and political situation. Although the market opened on a positive note and the index hit 9,168

Published 04 Dec, 2009 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Nato states commit more troops

More than 20 countries plan to send more troops to Afghanistan following US President Barack Obama's increased commitment to the war, Nato said on Thursday, but the overall number falls short of US expectations. As Nato foreign ministers gathered to discu

Published 04 Dec, 2009 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Nato states commit more troops

More than 20 countries plan to send more troops to Afghanistan following US President Barack Obama's increased commitment to the war, Nato said on Thursday, but the overall number falls short of US expectations. As Nato foreign ministers gathered to discu

Published 04 Dec, 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 Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Miliband calls on Gilani

Prime Minister Syed Yousuf Raza Gilani on Thursday stressed the need for a mechanism to make the strategic dialogue process with the United Kingdom more meaningful and result oriented. He was talking to British Foreign Secretary David Miliband who called

Published 04 Dec, 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 Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Brown announces timeline for troops pull-out

British Prime Minister Gordon Brown on Thursday announced a time line for withdrawal of Nato forces from Afghanistan saying that allied forces will gear up their efforts to strengthen the Afghanistan Army and police to enable them to take control of most

Published 04 Dec, 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 Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Pakistan fears it may pay price of US troop surge

President Barack Obama's troop surge in Afghanistan has sparked fears in Pakistan it will lead to more US drone attacks and military involvement in its border areas, possibly further destabilising Washington's ally. Many Pakistan analysts and security off

Published 04 Dec, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Pakistan fears it may pay price of US troop surge

President Barack Obama's troop surge in Afghanistan has sparked fears in Pakistan it will lead to more US drone attacks and military involvement in its border areas, possibly further destabilising Washington's ally. Many Pakistan analysts and security off

Published 04 Dec, 2009 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Congress worries over Obama's plan

President Barack Obama's planned troop buildup in Afghanistan came in for more scepticism Thursday with lawmakers zeroing in on how the US will deal with terrorist havens in neighbouring Pakistan. ``What happens in Pakistan ... will do more to determine t

Published 04 Dec, 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 Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Congress worries over Obama's plan

President Barack Obama's planned troop buildup in Afghanistan came in for more scepticism Thursday with lawmakers zeroing in on how the US will deal with terrorist havens in neighbouring Pakistan. ``What happens in Pakistan ... will do more to determine t

Published 04 Dec, 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 Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Prime Minister publicly clashes with Brown

Prime Minister Yousuf Raza Gilani on Thursday publicly clashed with Brown, who on Sunday urged Islamabad to hunt down al Qaeda leader Osama bin Laden and his deputy Ayman al-Zawahiri, still at large eight years after the September 11, 2001 attacks in the

Published 04 Dec, 2009 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Prime Minister publicly clashes with Brown

Prime Minister Yousuf Raza Gilani on Thursday publicly clashed with Brown, who on Sunday urged Islamabad to hunt down al Qaeda leader Osama bin Laden and his deputy Ayman al-Zawahiri, still at large eight years after the September 11, 2001 attacks in the

Published 04 Dec, 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 04 Dec, 2009 12:00am

Gilani wants 'more clarity' on US strategy

Prime Minister Yousuf Raza Gilani said on Thursday that he wanted 'more clarity' from the Americans on President Barack Obama's new war strategy in Afghanistan. "Let's examine it and then we will talk on this issue," he said. He said the US leadership too

Published 04 Dec, 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 04 Dec, 2009 12:00am

Gilani wants 'more clarity' on US strategy

Prime Minister Yousuf Raza Gilani said on Thursday that he wanted 'more clarity' from the Americans on President Barack Obama's new war strategy in Afghanistan. "Let's examine it and then we will talk on this issue," he said. He said the US leadership too

Published 04 Dec, 2009 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (December 03, 2009).

Published 04 Dec, 2009 12:00am

Pending cases: OGDCL mulls out-of-court settlement with private company

Having lost over $800 million, $1.5 million per day, the state-owned largest exploration and production company, Oil and Gas Development Company Limited (OGDCL), is considering an out-of-court settlement with a private sector company, which is engaged in

Published 04 Dec, 2009 12:00am

New York cotton

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

Published 04 Dec, 2009 12:00am

Pending cases: OGDCL mulls out-of-court settlement with private company

Having lost over $800 million, $1.5 million per day, the state-owned largest exploration and production company, Oil and Gas Development Company Limited (OGDCL), is considering an out-of-court settlement with a private sector company, which is engaged in

Published 04 Dec, 2009 12:00am

New York cotton

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

Published 04 Dec, 2009 12:00am

Pending cases: OGDCL mulls out-of-court settlement with private company

Having lost over $800 million, $1.5 million per day, the state-owned largest exploration and production company, Oil and Gas Development Company Limited (OGDCL), is considering an out-of-court settlement with a private sector company, which is engaged in

Published 04 Dec, 2009 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 04 Dec, 2009 12:00am

SBP sees little Dubai impact, remittances up

Pakistan sees little if any fallout from Dubai''s debt crisis and expects remittances from its workers overseas to grow despite problems in the Gulf, the central bank governor said on Thursday. Risk premium is improving and it could see inflows if investo

Published 04 Dec, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 128,049 tonnes of cargo including 97,677 tonnes import and 30,372 tonnes export cargo including 3,174 empty and loaded containers during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 81,908 tonnes dry carg

Published 04 Dec, 2009 12:00am

SBP sees little Dubai impact, remittances up

Pakistan sees little if any fallout from Dubai's debt crisis and expects remittances from its workers overseas to grow despite problems in the Gulf, the central bank governor said on Thursday. Risk premium is improving and it could see inflows if investor

Published 04 Dec, 2009 12:00am

Rice, cotton seeds prices up on grain market

Rice and cotton seeds items prices were higher on the wholesale grain market on Thursday in process of trading, dealers said. On the seed side, Irri-6 Sindh low type was up by Rs 35 to Rs 2425 and good type gained Rs 75 to Rs 2525, Basmati (broken) superi

Published 04 Dec, 2009 12:00am

SBP sees little Dubai impact, remittances up

Pakistan sees little if any fallout from Dubai's debt crisis and expects remittances from its workers overseas to grow despite problems in the Gulf, the central bank governor said on Thursday. Risk premium is improving and it could see inflows if investor

Published 04 Dec, 2009 12:00am

Ceylon raw rubber higher on Jodia Bazar

The trading in Ceylon raw rubber closed higher on Jodia Bazar here on Thursday. The following changes were noted.

Published 04 Dec, 2009 12:00am

Suicide bomber kills three Somali government ministers

A suicide bomber killed at least 19 people including three Somali government ministers on Thursday at a graduation ceremony in a Mogadishu hotel, witnesses and officials said. It was the worst attack in the lawless Horn of Africa nation since June when ha

Published 04 Dec, 2009 12:00am

China's largest sugar areas to see lower output

Sugar output in China's top two growing regions is expected to decline after summer drought conditions hurt sugarcane production, dealers said, adding to pressures pushing sugar futures prices limit-up on Thursday. Traders told Reuters they estimated suga

Published 04 Dec, 2009 12:00am

Suicide bomber kills three Somali government ministers

A suicide bomber killed at least 19 people including three Somali government ministers on Thursday at a graduation ceremony in a Mogadishu hotel, witnesses and officials said. It was the worst attack in the lawless Horn of Africa nation since June when ha

Published 04 Dec, 2009 12:00am

Indian edible oil imports to rise in 2009-10

Edible oil imports by India may rise as much as 8.5 percent in 2009/10 from record purchases last year, industry sources said on Thursday, as demand grows while local soybean and groundnut output falls after poor monsoon rains. "We estimate at least a hal

Published 04 Dec, 2009 12:00am

Interpretation of NRO: Supreme Court constitutes 17-member bench

The Supreme Court on Thursday constituted a 17-member bench to hear petitions and allied concerns, involving examination or interpretation of the lapsed National Reconciliation Ordinance (NRO) from Monday (December 7).

Published 04 Dec, 2009 12:00am

Oil cake market rates

Mixed price pattern was seen on the forward cottonseed oilcake market on Thursday in process of lean business, dealers said. The December vaida, which closed at 913.60 and opened with a fall of Rs 2.00 at Rs 911.60, and the January contract, which ended a

Published 04 Dec, 2009 12:00am

Interpretation of NRO: Supreme Court constitutes 17-member bench

The Supreme Court on Thursday constituted a 17-member bench to hear petitions and allied concerns, involving examination or interpretation of the lapsed National Reconciliation Ordinance (NRO) from Monday (December 7).

Published 04 Dec, 2009 12:00am

Prices touch all-time high on cotton market

Prices touched an all-time high level on the cotton market on Thursday as ginners and growers raised the asking prices, dealers said. In line with the ready business track, the official spot rate was higher by Rs 50 to Rs 4300, brokers said. In the ready

Published 04 Dec, 2009 12:00am

Over 200 ''ghost employees'' traced at RTO Karachi

A unique ''departmental corruption'' has surfaced in the Regional Tax Office (RTO), Karachi where over 200 ''ghost employees'' are found to be enjoying pay and perks. When contacted, Imtiaz Ahmad Barakzai, Chief Commissioner, RTO, Karachi commented: "Arou

Published 04 Dec, 2009 12:00am

Cotton prices shoot up to fresh record levels

Since the beginning of last month, cotton prices have jumped up by Rs 600 to Rs 700 per maund (37.32 kgs) creating a new record for the highest price of lint ever recorded in Pakistan. Similarly, seedcotton (kapas/phutti) prices also rose commensurately s

Published 04 Dec, 2009 12:00am

Over 200 'ghost employees' traced at RTO Karachi

A unique 'departmental corruption' has surfaced in the Regional Tax Office (RTO), Karachi where over 200 'ghost employees' are found to be enjoying pay and perks. When contacted, Imtiaz Ahmad Barakzai, Chief Commissioner, RTO, Karachi commented: "Around 2

Published 04 Dec, 2009 12:00am

Cotton prices shoot up to fresh record levels

Since the beginning of last month, cotton prices have jumped up by Rs 600 to Rs 700 per maund (37.32 kgs) creating a new record for the highest price of lint ever recorded in Pakistan. Similarly, seedcotton (kapas/phutti) prices also rose commensurately s

Published 04 Dec, 2009 12:00am

Over 200 'ghost employees' traced at RTO Karachi

A unique 'departmental corruption' has surfaced in the Regional Tax Office (RTO), Karachi where over 200 'ghost employees' are found to be enjoying pay and perks. When contacted, Imtiaz Ahmad Barakzai, Chief Commissioner, RTO, Karachi commented: "Around 2

Published 04 Dec, 2009 12:00am

Malaysia tin soars

Malaysian tin prices rose 0.8 percent on Thursday to more than a three-month high due to strong demand from Europe and slightly higher London Metal Exchange (LME) prices, one dealer said. Malaysian's tin price was the highest since August 14.

Published 04 Dec, 2009 12:00am

Income tax returns e-filing date extended

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns/statements, electronically up to December 31, 2009. According to the FBR instructions issued to the field formations here on Thursday, in order to facilitate filing/e-fi

Published 04 Dec, 2009 12:00am

US copper hits new 15-month high

US copper futures ended up after hitting a new 15-month peak on Wednesday, as receding concerns about Dubai's debt and a string of upbeat data this week reinforced economic and demand recovery optimism in 2010. Copper for March delivery ended up 2.75 cent

Published 04 Dec, 2009 12:00am

Income tax returns e-filing date extended

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns/statements, electronically up to December 31, 2009. According to the FBR instructions issued to the field formations here on Thursday, in order to facilitate filing/e-fi

Published 04 Dec, 2009 12:00am

Shanghai copper hits 15-month top

Shanghai copper rose to near 15-month highs on Thursday and London futures hovered close to a 14-month peak hit the previous day, aided by a weaker dollar and upbeat economic data. With the international impact of Dubai's shock debt announcement last week

Published 04 Dec, 2009 12:00am

Income tax returns e-filing date extended

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns/statements, electronically up to December 31, 2009. According to the FBR instructions issued to the field formations here on Thursday, in order to facilitate filing/e-fi

Published 04 Dec, 2009 12:00am

US rice lower

US rice futures on the Chicago Board of Trade closed lower on Wednesday in a profit-taking setback after firm Asian prices drove the spot contract to a fresh 11-month high, traders said. CBOT January rice ended down 1-1/2 cents at $15.41 per hundredweight

Published 04 Dec, 2009 12:00am

IMF shifts gears, moves into post-crisis mode

The International Monetary Fund declared on Thursday it was shifting from rescue efforts to helping put the world economy back on stable ground after more than a year of global economic turmoil. Outlining its work plan for the next six months, the IMF sai

Published 04 Dec, 2009 12:00am

China imports soya

Projected record soya imports by China in December and January, coupled with Beijing's subsidies for domestic soyabeans, are likely to reduce subsequent overseas purchases by crushers in the north, according to an official survey on Thursday.

Published 04 Dec, 2009 12:00am

IMF shifts gears, moves into post-crisis mode

The International Monetary Fund declared on Thursday it was shifting from rescue efforts to helping put the world economy back on stable ground after more than a year of global economic turmoil. Outlining its work plan for the next six months, the IMF sai

Published 04 Dec, 2009 12:00am

Tokyo rubber futures high

Tokyo rubber futures hit another 14-month high on Thursday as strength in other commodities, particularly gold, ignited buying from speculators and boosted prices of tyre grades. TOCOM's rubber contract for May 2010 delivery rose as high as $262.9 yen per

Published 04 Dec, 2009 12:00am

IMF shifts gears, moves into post-crisis mode

The International Monetary Fund declared on Thursday it was shifting from rescue efforts to helping put the world economy back on stable ground after more than a year of global economic turmoil. Outlining its work plan for the next six months, the IMF sai

Published 04 Dec, 2009 12:00am

New York sugar ends firm

Raw sugar futures trekked up to a strong finish on Wednesday, ignoring the weak commodity complex as firm demand from top consumer India kept buying interest strong and the Liffe white market hit a record high, brokers said. The March raw sugar contract g

Published 04 Dec, 2009 12:00am

Pioneering solar-powered plane makes airborne hop

The prototype of Solar Impulse, a pioneering Swiss bid to fly around the world on solar power, briefly took off for the first time on Thursday but under battery power, the organisers said. The high tech single-seater with the wingspan of an Airbus A340 ai

Published 04 Dec, 2009 12:00am

US soya ends down

US soyabean futures on the Chicago Board of Trade fell 2 percent on Wednesday, pressured by a rebound in the dollar and weak cash soya markets, traders said. Traders were also taking profits after soyabeans rallied to the highest spot price in three month

Published 04 Dec, 2009 12:00am

Pioneering solar-powered plane makes airborne hop

The prototype of Solar Impulse, a pioneering Swiss bid to fly around the world on solar power, briefly took off for the first time on Thursday but under battery power, the organisers said. The high tech single-seater with the wingspan of an Airbus A340 ai

Published 04 Dec, 2009 12:00am

Malaysian palm oil falls

Malaysian crude palm oil futures edged 0.4 percent lower on Thursday after an industry analyst said the recent rally was overdone and did not reflect rising stock levels. The benchmark February contract on the Bursa Malaysia Derivatives Exchange settled d

Published 04 Dec, 2009 12:00am

Pioneering solar-powered plane makes airborne hop

The prototype of Solar Impulse, a pioneering Swiss bid to fly around the world on solar power, briefly took off for the first time on Thursday but under battery power, the organisers said. The high tech single-seater with the wingspan of an Airbus A340 ai

Published 04 Dec, 2009 12:00am

Oil prices post gains in Asia

US crude futures edged higher on Thursday after slipping 2.3 percent a day earlier on a larger-than-expected build in US crude inventories. A weaker dollar, record gold prices, copper near 14-month peaks and a 3.4 percent rally in Japan's main equity mark

Published 04 Dec, 2009 12:00am

FBI adds four hijackers to wanted terrorists list

Four men wanted for the 1986 hijacking of a Pan Am plane have been added to the FBI's most wanted terrorist list _ with a $5 million reward for each. The suspects were allegedly part of the Abu Nidal terrorist group when they attacked Flight 73 during its

Published 04 Dec, 2009 12:00am

US gold hits record $1,218.40

US gold futures rose to record highs well above $1,200 an ounce on Wednesday in the face of a stronger dollar, boosted by heavy buying by hedge funds and other gold investment products. COMEX February gold up $13.70, or 1.5 percent, at $1,213.90 an ounce

Published 04 Dec, 2009 12:00am

FBI adds four hijackers to wanted terrorists list

Four men wanted for the 1986 hijacking of a Pan Am plane have been added to the FBI's most wanted terrorist list _ with a $5 million reward for each. The suspects were allegedly part of the Abu Nidal terrorist group when they attacked Flight 73 during its

Published 04 Dec, 2009 12:00am

Gold marks record highs, tops $1,225 an ounce

Gold hit record highs over $1,225 an ounce on Thursday as the precious metal continued to attract investors looking for an alternative to the dollar. Gold has risen by more than 7 percent since touching a low of $1,136.80 last Friday on fears of a possibl

Published 04 Dec, 2009 12:00am

Over 2,358 beneficiaries: Rs 60 billion loans written off in Musharraf era

Over 2,358 people had got Rs 60 billion loans, taken from different banks and financial institutions, written off during Pervez Musharraf regime (1999 to 2008). Those who got benefited included politicians, retired generals and businessmen as National Ban

Published 04 Dec, 2009 12:00am

Sinopec signs up Exxon for first LNG deal

China's Sinopec Corp has struck its first deal to purchase liquefied natural gas, agreeing to buy 2 million tonnes per year for 20 years from ExxonMobil's Papua New Guinea project, Sinopec Group said on Thursday.

Published 04 Dec, 2009 12:00am

Over 2,358 beneficiaries: Rs 60 billion loans written off in Musharraf era

Over 2,358 people had got Rs 60 billion loans, taken from different banks and financial institutions, written off during Pervez Musharraf regime (1999 to 2008). Those who got benefited included politicians, retired generals and businessmen as National Ban

Published 04 Dec, 2009 12:00am

Need to cut budget deficit: Geithner

Treasury Secretary Timothy Geithner on Thursday said it was vital to get US budget deficits down in order to spur private-sector growth that creates jobs and predicted it will begin happening in 2011. But first the financial system must be stabilised.

Published 04 Dec, 2009 12:00am

Over 2,358 beneficiaries: Rs 60 billion loans written off in Musharraf era

Over 2,358 people had got Rs 60 billion loans, taken from different banks and financial institutions, written off during Pervez Musharraf regime (1999 to 2008). Those who got benefited included politicians, retired generals and businessmen as National Ban

Published 04 Dec, 2009 12:00am

Bernanke defends record during financial crisis

Federal Reserve Chairman Ben Bernanke, making a case for a second term on Thursday, offered a forceful defence of the US central bank's crisis-battling efforts, which he said prevented an even greater calamity. "As serious as the effects of the crisis hav

Published 04 Dec, 2009 12:00am

Russia, Vatican establish diplomatic ties

Russia and the Vatican have established full diplomatic relations ending longstanding tensions, the Kremlin announced Thursday after President Dmitry Medvedev met Pope Benedict XVI. "President Medvedev told Pope Benedict XVI that he had signed a decree co

Published 04 Dec, 2009 12:00am

White House sees signs unemployment may 'tick upward'

The White House has seen evidence that the US November unemployment rate might creep upward from October's level of 10.2 percent, spokesman Robert Gibbs said on Thursday. Gibbs told reporters that he did not know what the November payrolls data, to be rel

Published 04 Dec, 2009 12:00am

Russia, Vatican establish diplomatic ties

Russia and the Vatican have established full diplomatic relations ending longstanding tensions, the Kremlin announced Thursday after President Dmitry Medvedev met Pope Benedict XVI. "President Medvedev told Pope Benedict XVI that he had signed a decree co

Published 04 Dec, 2009 12:00am

US jobless claims fall, point to labour market healing

New applications for US jobless benefits unexpectedly fell last week to the lowest level in more than 14 months, suggesting a labour market edging toward stability, while productivity was less robust in the third quarter. Initial claims for state unemploy

Published 04 Dec, 2009 12:00am

S&P slashes Dubai companies' ratings to junk status

Standard & Poor's has slashed the credit ratings of six Dubai state-linked companies to junk status, among them world-wide ports operator DP World, the international ratings agency said on Thursday. S&P said it made the changes as the likelihood of extrao

Published 04 Dec, 2009 12:00am

Several US retailers miss November sales views

Several US retailers posted weaker-than-expected sales for November, getting the key holiday season off to a sluggish start as consumers worried about the economy and double-digit unemployment. Eight of the 11 retailers that reported by early Thursday mis

Published 04 Dec, 2009 12:00am

UK banks have $5 billion exposure to Dubai World

Four British banks have a $5 billion combined exposure to Dubai World, making them the biggest foreign creditor group at the Dubai state-owned conglomerate, the Financial Times said on Thursday. The report, citing bankers and advisers, said Royal Bank of

Published 04 Dec, 2009 12:00am

ECB takes first steps to rein in market support

The European Central Bank will start to unwind its crisis support for the eurozone economy this month but made clear on Thursday these moves are not meant to signal a coming rise in benchmark interest rates. Speaking after the ECB kept its main rate at a

Published 04 Dec, 2009 12:00am

Bombardier profit drops

Bombardier Inc said quarterly profit fell 26 percent, in line with expectations, as weak demand in the aerospace sector offset strength in the company's rail transportation segment. The world's No 3 civil aircraft maker and No 1 train maker earned $168 mi

Published 04 Dec, 2009 12:00am

Bombardier profit drops

Bombardier Inc said quarterly profit fell 26 percent, in line with expectations, as weak demand in the aerospace sector offset strength in the company's rail transportation segment. The world's No 3 civil aircraft maker and No 1 train maker earned $168 mi

Published 04 Dec, 2009 12:00am

India food inflation soars 17 percent

Food inflation in India soared by over 17 percent in the 12 months ending November 21, official figures showed Thursday, raising pressure on the central bank to tighten monetary policy. The food price index climbed 17.47 percent in the 12-month period, ac

Published 04 Dec, 2009 12:00am

Bank of America to repay $45 billion to US

Bank of America said Wednesday it had reached an agreement to repay the US government the entire 45 billion dollar investment it provided the bank under a programme to stabilise the financial system. The largest US bank by assets will be making the larges

Published 04 Dec, 2009 12:00am

Indonesia's central bank says rates likely steady in 2010

Indonesia's central bank said it will keep policy rates at a record low throughout 2010 if inflation is on target, but investors were convinced price pressures will take off and a rate rise in the first half of next year was inevitable.

Published 04 Dec, 2009 12:00am

UK seeks to calm fears of RBS walkout over bonuses

British Prime Minister Gordon Brown moved to allay fears of a mass walk out by the board of Royal Bank of Scotland, saying it would not be singled out for unduly harsh treatment over bonuses. In a rare move by politicians to calm the global backlash again

Published 04 Dec, 2009 12:00am

Kingfisher says election clouds recovery hopes

Kingfisher, Europe's biggest home improvement retailer, said uncertainty over the impact on the UK economy of a general election due by June was clouding the outlook for 2010. "As we look to next year, we have to recognise, particularly around the UK, a l

Published 04 Dec, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 14	277.83
USD PKR Interbank Buying / Nov 14	277.63
USD to Japanese Yen / Nov 14	155.86
USD to Swiss Franc / Nov 14	0.89
Pound Sterling to USD / Nov 14	1.27
Euro to USD / Nov 14	1.06

Stock	Volume
S&P 500 / Nov 13	5,985.38
Nasdaq / Nov 13	19,230.72
Dow Jones / Nov 13	43,958.19
India Sensex / Nov 14	77,517.41
Tokyo Nikkei / Nov 14	38,680.99
Hang Seng / Nov 14	19,503.42
FTSE 100 / Nov 14	8,042.72
Germany DAX 30 / Nov 14	19,122.26

Item	Value
Gold 10 Grams PKR / Nov 12	231,911
Karachi Cotton PKR/37.32 KG / Nov 13	18,085
Crude Oil USD/Barrel / Nov 14	67.97
Gold Spot USD/Ounce / Nov 14	2,558.37
Cotton US¢/pound / Nov 14	71.10
Petrol/Litre / Nov 15	248.38

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▼ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▼ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▼ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▲ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▲ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▲ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 15 Worldcall Telecom Limited(WTL)	43,291,848 ▲ 0.00
Waves Home Appliances / Nov 15 Waves Home Appliances Limited(WAVESAPP)	33,201,636 ▲ 0.00
Pak Refinery / Nov 15 Pakistan Refinery Limited(PRL)	31,524,926 ▲ 0.00
K-Electric Ltd. / Nov 15 K-Electric Limited(KEL)	27,455,465 ▲ 0.00
Pak Elektron / Nov 15 Pak Elektron Limited(PAEL)	26,996,630 ▲ 0.00
Sui South Gas / Nov 15 Sui Southern Gas Company Limited(SSGC)	26,013,918 ▲ 0.00
The Searle Co. / Nov 15 The Searle Company Limited(SEARL)	25,704,933 ▲ 0.00
Pak Int.Bulk / Nov 15 Pakistan International Bulk Terminal(PIBTL)	23,694,836 ▲ 0.00
Secure Logistics / Nov 15 Secure Logistics Group Limited(SLGL)	23,623,241 ▲ 0.00

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