News Archives for Print - 2010-07-26

Print - 2010-07-26

Dubai World to complete debt-restructuring in coming months

Dubai's debt-laden company Dubai World said after meeting creditors on July 22 that it will complete restructuring its remaining debts "over the coming months."

Published 26 Jul, 2010 12:00am

Dubai World to complete debt-restructuring in coming months

Dubai's debt-laden company Dubai World said after meeting creditors on July 22 that it will complete restructuring its remaining debts "over the coming months."

Published 26 Jul, 2010 12:00am

Shell to sell off some of its oil fields in Nigeria

Shell plans to sell off some of its onshore oil fields in southern Nigeria, a company source said on July 23, with the facilities located in a region where the industry has faced repeated militant attacks. The fields are believed to account for some 50,00

Published 26 Jul, 2010 12:00am

Maruti posts surprise quarterly profit fall

India's biggest carmaker Maruti Suzuki reported a surprise 20 percent fall in quarterly net profit on July 24 as the company was pummelled by higher raw material costs. Maruti, majority-owned by Japan's Suzuki Motor Corp, said net profit during the fiscal

Published 26 Jul, 2010 12:00am

Volkswagen posts record first-half sales at 3.58 million autos

Volkswagen posted on July 23 record first-half sales and said it was upbeat about the rest of the year despite an uncertain economic climate and a slower trend in June. A VW statement said Europe's biggest carmaker delivered 3.58 million vehicles in the f

Published 26 Jul, 2010 12:00am

Volkswagen posts record first-half sales at 3.58 million autos

Published 26 Jul, 2010 12:00am

Ford posts $2.6 billion profit in second quarter

Leading US automaker Ford said on July 24 it saw a 13 percent net profit jump to 2.6 billion dollars in the second quarter of 2010 on strong sales. "We delivered a very strong second quarter and first half of 2010 and are ahead of where we thought we woul

Published 26 Jul, 2010 12:00am

Fiat says it will produce new model in Serbia

Car maker Fiat will produce a new model in Serbia after months of stand-off with Italian unions on the production of another popular model, the company's chief executive said on July 22. "Fiat cannot take on unnecessary risks with regards to its projects

Published 26 Jul, 2010 12:00am

Golubev upsets Melzer in Hamburg final

Kazakhstan's Andrey Golubev caused an upset here on Sunday by defeating Austria's Jurgen Melzer 6-3, 7-5 in the final of the Hamburg ATP tournament to claim his first tour title. Melzer, the world number 15, reached the semi-finals at the French Open last

Published 26 Jul, 2010 12:00am

Fish hooks Roddick after seven-year drought

Mardy Fish shocked top seed and good friend Andy Roddick 7-6 (7/5), 6-3 on Saturday at the ATP Atlanta Championship to reach his third final in his past four starts. Over the past six weeks dating to Queen's, the revitalised Fish - who lost 15 kilograms l

Published 26 Jul, 2010 12:00am

Aamer eager for more after Australia haul

Pakistan's teenage bowling sensation Mohammad Aamer described his stunning Headingley display against Australia as "just a beginning", saying he had a long way to go at international level. The 18-year-old took 11 wickets in the two Tests against Australi

Published 26 Jul, 2010 12:00am

Waqar elated as Pakistan end Australia jinx

Pakistan coach Waqar Younis predicted a bright future for his young side after they rid themselves of one of the most unwanted records in cricket by at last winning a Test match against Australia. And former captain Pakistan captain Asif Iqbal warned Engl

Published 26 Jul, 2010 12:00am

Ferrari fined 100,000 dollars, German result stands

Ferrari were fined 100,000 dollars on Sunday for breaching sporting regulations at the German Grand Prix where their victory was overshadowed by allegations of using team orders. The sports governing body the FIA said the result, which saw Fernando Alonso

Published 26 Jul, 2010 12:00am

Indian coach suspended over harassment

An Indian weightlifting coach preparing athletes for the Commonwealth Games has been suspended by the Indian Weightlifting Federation (IWF) while they investigate accusations that he sexually harassed female lifters. Coach Ramesh Malhotra has been suspend

Published 26 Jul, 2010 12:00am

Strauss wants no more Pakistan controversy

England captain Andrew Strauss is hoping he doesn't again find himself witnessing a dispute involving Pakistan as the teams prepare for their first Test since a 'ball-tampering' row in 2006.

Published 26 Jul, 2010 12:00am

Japan's FA picks new chief after boardroom revolt

The Japan Football Association (JFA) elected a new president Sunday, replacing Motoaki Inukai, also its World Cup bid chief, in a boardroom revolt after two years of his reputedly forceful rule. The JFA said that Inukai, 68, had been replaced by his deput

Published 26 Jul, 2010 12:00am

Sri Lanka dial 'third M' for Murali replacement

Sri Lanka will look to their third 'M' to bring victory over India in the second test as they bid to replace the visitors atop the ICC test rankings. Already 1-0 up in the series, a win over India in the second test starting on Monday would propel them to

Published 26 Jul, 2010 12:00am

Iraq FA postpones board election indefinitely

The Iraqi Football Association on Sunday decided to postpone elections for its board until further notice amid divisions which threaten to see Iraq barred from international competition.

Published 26 Jul, 2010 12:00am

Pakistan loss no bearing on Ashes: Ponting

Australia captain Ricky Ponting insisted his team's three-wicket defeat by Pakistan in the second Test would be irrelevant come the start of their bid to regain the Ashes.

Published 26 Jul, 2010 12:00am

Pakistan's bowling combination is best in the world: Sarfraz Nawaz

Legend fast medium bowler and hero of 1979 Melbourne Test, Sarfraz Nawaz has described Pakistan's bowling combination of Mohammad Aamer, Mohammad Asif, Umar Gul and Danish Kaneria is best in the world and said they can easily bowl out any cricket team wit

Published 26 Jul, 2010 12:00am

EU, IMF experts set for new Greece visit

A team of European and IMF experts will Monday (today) begin a second visit to Greece to assess the impact of government austerity measures aimed at taming the country's debt crisis, the finance ministry said. The visit follows an earlier trip in June whe

Published 26 Jul, 2010 12:00am

Vivendi could face $1.7 billion fine in Brazil

Brazil's securities regulator could fine French media company Vivendi as much as 3 billion reais ($1.7 billion) for allegedly committing fraud in its take-over of Brazilian phone company GVT, newspaper Folha de S. Paulo said on Sunday, without noting how

Published 26 Jul, 2010 12:00am

Vivendi could face $1.7 billion fine in Brazil

Published 26 Jul, 2010 12:00am

India mulls investing more in Air India

India's government will consider putting more capital into state-run Air India if the national carrier improves its operational performance, Civil Aviation Minister Praful Patel said on Sunday. "The government has said based on performance parameters, it

Published 26 Jul, 2010 12:00am

UBS seeks 2,200 new hires in Asia

Swiss bank UBS, the top wealth manager in Asia, plans to hire 2,200 new staff in the region, the head of UBS in Asia Pacific said in an Swiss magazine interview, a move that would return it to its pre-crisis splendour.

Published 26 Jul, 2010 12:00am

No new US recession, let tax cuts die: Geithner

The US economy is not likely to slip back into recession but letting tax cuts for the wealthiest Americans expire is necessary to show commitment to cutting budget deficits, Treasury Secretary Timothy Geithner said on Sunday.

Published 26 Jul, 2010 12:00am

BMW, Daimler to cooperate on car seat development

BMW and Daimler will jointly develop and purchase seat frames as part of a co-operation agreement designed to save costs, BMW said on Sunday. The co-operation will focus on metal seat frames for some of their premium car models, with the exterior finish s

Published 26 Jul, 2010 12:00am

Bahrain to privatise Gulf Air

Bahrain plans to privatise national carrier Gulf Air as soon as possible encouraged by positive results in its restructuring, a senior government official said in remarks published on Sunday. The loss-making carrier could return to profit within a year, p

Published 26 Jul, 2010 12:00am

China soars to forefront of foreign investors in Brazil

China's direct investment in Brazil has soared this year to a projected 12 billion dollars, catapulting it to the top of the South American giant's foreign investment heap, Globo news reported Sunday.

Published 26 Jul, 2010 12:00am

EU bank stress tests face their own test in markets

EU tests of banks' ability to withstand financial shocks, criticised as too easy after only 7 out of 91 failed, face their own stress test in the markets on Monday(today) with early signs pointing to a more positive response.

Published 26 Jul, 2010 12:00am

Syria to allow investment banks to open

Syria said it would allow investments banks to do business in the country, as the government extends its liberalisation of the financial sector. The official news agency said the government had set 20 billion Syrian pounds ($429 million) as the minimum ca

Published 26 Jul, 2010 12:00am

Saudi Kayan seeks $2.4 billion for rising plant costs

Petrochemical firm Saudi Kayan said it was seeking bank financing with the help of main shareholder Saudi Basic Industries Corp to cover a $2.4 billion rise in the building costs for a production complex.

Published 26 Jul, 2010 12:00am

Qatar to fine Qtel over Virgin launch

Qatar Telecom faces an unspecified fine and possible further legal action over violations during its launch of Virgin Mobile services into the Gulf state, telecoms regulator ictQATAR said.

Published 26 Jul, 2010 12:00am

Molycorp returns long bet for investors

Mining and mineral processing company Molycorp Inc hopes to fill a growing need for scarce "rare earth" minerals and products, but its $450 million initial public offering, planned for next week, asks investors to take a big leap of faith. It will take ab

Published 26 Jul, 2010 12:00am

Indian central bank, government may diverge on post-July 27 path

The Indian government has grudgingly accepted the central bank will likely lift interest rates on Tuesday, but is not convinced conditions warrant further tightening thereafter, official sources told Reuters.

Published 26 Jul, 2010 12:00am

Peru's currency to rise despite government's measures

Peru's currency will continue to gain against the US dollar, despite official measures to slow its advance as foreign capital floods into the Andean country, currency traders and analysts say.

Published 26 Jul, 2010 12:00am

Japan shares to remain subdued next week

Japanese shares are likely to remain under pressure next week as concerns about the global economic outlook continue weighing on the market, analysts said Friday. After a five-day losing streak, Japanese stocks rebounded Friday, as investors picked up bar

Published 26 Jul, 2010 12:00am

Wall Street Weekahead: Stocks on brink of breakout, profits key

Wall Street enters next week on the cusp of a breakout in US stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of this week.

Published 26 Jul, 2010 12:00am

Wall Street banks scale back pay - for now

Wall Street's surviving titans, eager to impress regulators writing the rules that will govern the financial industry, are scaling back their lavish and much-maligned pay practices, at least for now.

Published 26 Jul, 2010 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday.

Published 26 Jul, 2010 12:00am

South Korean bonds soften ahead of key economic data

South Korean government bond prices retreated on Friday after two winning sessions, ahead of key economic indicators due next week that may give fresh clues on the direction interest rates may take. After a weaker start, the debt market staged a modest re

Published 26 Jul, 2010 12:00am

South Korean bonds soften ahead of key economic data

Published 26 Jul, 2010 12:00am

Stress tests no quick fix for interbank lending

European stress test results could reduce funding costs for some banks but the need to rebuild credit lines could mean lending does not pick up significantly for some time. Analysts said the tests, if judged credible, would boost confidence between banks

Published 26 Jul, 2010 12:00am

De Beers has no plans to IPO at moment

The shareholders of De Beers are not working on re-listing the world's biggest diamond producer, Chief Executive Gareth Penny said on Friday, reacting to recent speculation. "Our shareholders have indicated no desire at all to IPO this business. There are

Published 26 Jul, 2010 12:00am

Rising eurozone money rates set to support euro

Higher eurozone money market rates combined with falling US interbank rates are likely to underpin the euro which has rebounded from a four-year low hit against the dollar last month.

Published 26 Jul, 2010 12:00am

Global Markets Weekahead: Sweet Europe, sour America?

Investors are finding themselves with a new kind of balancing act - one in which they have to juggle with three major regions posing three significantly different circumstances. Europe's bank stress testing, the focus of much of the past week's market foc

Published 26 Jul, 2010 12:00am

India hosts Myanmar's military leader

Myanmar's military ruler Than Shwe arrived in India Sunday for a state visit that underscores the growing strategic ties between the world's largest democracy and one of its most repressive regimes. Shwe began his visit in Bodha Gaya, the temple town and

Published 26 Jul, 2010 12:00am

Iran will react if ships inspected: Ahmadinejad

Iran will react swiftly if its commercial shipping or aviation are subjected to inspection, President Mahmoud Ahmadinejad said on Sunday. A UN Security Council resolution on June 9 imposed restrictions on Iranian shipping and other sectors to try to persu

Published 26 Jul, 2010 12:00am

Israel, US sign deal to upgrade Arrow missile shield

Israel and the United States have signed an agreement to make the Arrow II ballistic shield capable of shooting down missiles at a higher altitude, the Israeli Defence Ministry said on Sunday.

Published 26 Jul, 2010 12:00am

Bashir to miss AU summit

Sudan President Omar Hassan al- Bashir will not attend an African Union summit in Uganda, presidential sources said on Sunday, despite a resolution urging African states not to arrest the leader wanted for genocide. In a further snub, Khartoum will not ev

Published 26 Jul, 2010 12:00am

African leaders denounce Uganda bombers at summit

African leaders condemned Somalia's Al Shabaab rebels on Sunday at a Kampala summit officials say will beef up an African force fighting the group behind attacks that killed 76 people in Uganda this month.

Published 26 Jul, 2010 12:00am

Uganda calls for defeat of terrorism in Africa

Uganda's president urged African Union leaders at a summit here Sunday to "sweep the terrorists" out of Africa, following recent deadly attacks by Somalia's al Qaeda-linked Shebab rebels. "Let us now act in concert and sweep them out of Africa," Yoweri Mu

Published 26 Jul, 2010 12:00am

Iran bails prominent reformist

Iran has granted bail to leading reformist former member of parliament Mohsen Armin, who was arrested in May, on a surety of 200,000 dollars, a press report said on Sunday. The Arman newspaper said Armin, who is a senior member of the banned reformist par

Published 26 Jul, 2010 12:00am

Saudi king set for tour of Middle East

King Abdullah of Saudi Arabia was preparing Sunday for a whirlwind diplomatic tour of the Middle East, which will culminate in a key visit to the Lebanese capital Beirut amid growing tensions in the country.

Published 26 Jul, 2010 12:00am

Bomb in central Bangkok kills one, wounds 10

A bomb at a Bangkok bus stop killed one person and wounded at least 10 on Sunday after polls closed in a parliamentary by-election seen as a referendum on recent political unrest.

Published 26 Jul, 2010 12:00am

China urges restraint on Korean peninsula

China's Foreign Minister Yang Jiechi called for restraint from all parties Sunday, as the US and South Korea launched a major naval exercise despite threats of nuclear retaliation by North Korea. "All involved parties should commit to providing peace and

Published 26 Jul, 2010 12:00am

US, South Korea start military drills; North protests

The US and South Korean militaries kicked off large exercises on Sunday to underscore deterrence against North Korea after accusing the reclusive communist state of sinking a warship. Pyongyang warned that the drill had pitched the peninsula onto the brin

Published 26 Jul, 2010 12:00am

Floods, landslide kill 21 in Indonesia

At least 21 people have been killed in floods and a landslide triggered by heavy rains in Indonesia, an official said Sunday. The landslide on Buru island in eastern Maluku province took place on Friday after heavy rains in a hilly area, Disaster Manageme

Published 26 Jul, 2010 12:00am

Islamic Movement leader jailed for spitting at Israeli policeman

Islamic Movement leader Sheikh Raed Salah on Sunday began serving five months behind bars after being convicted of spitting at an Israeli policeman during a protest in east Jerusalem.

Published 26 Jul, 2010 12:00am

Military action against Iran not worst outcome: former CIA chief

A former CIA director said Sunday he had come around to the view that military action against Iran's nuclear program "may not be the worst of the possible outcomes." Michael Hayden, a retired US Air Force general and spy chief under president George W. Bu

Published 26 Jul, 2010 12:00am

Pensioners' woes

I am a pensioner. I draw my pension from NBP, Dadu, every month, which owing to the indifferent staff, has become a torture not only for me, but also to all pensioners of the area, who have to stand in long queues for hours under scorching sun. I, time an

Published 26 Jul, 2010 12:00am

Cameron vs Babar

According to a news item, David Cameron, the British PM, recently, took a commercial flight on an official visit to the US, saving the exchequer around $300,000. Under normal circumstances, a prime minister would charter a Boeing 747 or 767 for his privat

Published 26 Jul, 2010 12:00am

Ireland adjusts, grudgingly, to new meaning of immigration

More than any other country, Ireland is well acquainted with the issue of immigration, which it now has to confront anew. The island republic is no longer obsessed with the question of why so many of its citizens chose to leave, but rather why so many peo

Published 26 Jul, 2010 12:00am

Riling Asian shippers; Germany delays port improvement

Despite a face-to-face appeal to Chancellor Angela Merkel last week by China's top shipping executive, Germany's work to upgrade main seaports is still being held up by government delays. At a riverbank lookout at Wedel, just west of the port of Hamburg,

Published 26 Jul, 2010 12:00am

Afghanistan: game, set and match

The governments of Pakistan and Afghanistan signed what is being referred to as the minutes on an agreement to controversial clauses in the US-Afghan-backed proposed Afghan-Pakistan Transit Trade Agreement (APTTA) that has yet to be signed, amidst much fa

Published 26 Jul, 2010 12:00am

Rasmussen's musings

During his maiden visit to Pakistan as secretary general of the North Atlantic Treaty Organisation (Nato) Anders Fogh Rasmussen was quite upbeat, to some bewilderment of the people who still remember him as the Danish prime minister who had stoutly defend

Published 26 Jul, 2010 12:00am

SBP must lower rate or maintain status quo

Will a raise in State Bank of Pakistan (SBP) policy rate be beneficial or harmful for economic growth? Its answer lies in our profound fiscal woes because monetary policy has consistently been held hostage by fiscal breaches and as a result, the effective

Published 26 Jul, 2010 12:00am

Newsman injured in attack by armed persons

Senior journalist Anwar Kamal received wounds when unknown persons ambushed his vehicle near Shahbaz building here late Saturday night. According to police Anwar Kamal, Incharge of a private TV channel in Hyderabad was returning after coverage from Muncha

Published 26 Jul, 2010 12:00am

More destruction feared as flood approaches Naseerabad, Jafferabad

Floodwater affected various areas in Punjab and Balochistan as the flood wave headed towards Naseerabad and Jafferabad. Another town in Rajanpur came under water as the embankment in the area breached, while the flood approached Barasabad routed through F

Published 26 Jul, 2010 12:00am

HRC concerned about rising targeted killing incidents

Chairman Human Rights Commission (HRC) South Asia, John Erickson has expressed deep concerns over the growing target killing incidents in Karachi, saying Sindh government has failed in protecting the lives of innocent people and maintaining law and order.

Published 26 Jul, 2010 12:00am

Government urged to extend period of RD on export of cotton yarn

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the government to extend the period of Regulatory Duty (RD) on export of cotton yarn so that local industry could get raw material at reasonable prices.

Published 26 Jul, 2010 12:00am

Targeted killings in Karachi: JI condemns LEAs apathy

Jamaat-e-Islami Secretary General Liaquat Baloch has condemned the apathy of the law enforcing agencies over the targeted killing in Karachi and demanded resignation of the provincial government for its failure in maintaining law and order.

Published 26 Jul, 2010 12:00am

Punjab government sends relief items to Balochistan

A spokesman of Punjab government here on Sunday said that relief items including 200 tents, medicines and edibles have been sent to the flood affected areas including Barkhan and other districts of Balochistan, while 500 bags of pulses, atta, rice and oth

Published 26 Jul, 2010 12:00am

Condolence

Advisor to Punjab Chief Minister, Sardar Zulfiqar Ali Khan Khosa Sunday expressed deep sense of grief and sorrow over the murder of son of Mian Iftikhar Hussain, Information Minister Khyber-Pakthunkhwa. In a condolence message, he prayed to Allah Almighty

Published 26 Jul, 2010 12:00am

Four high security prisons, barracks being built in Punjab

Four high security prisons and barracks are being constructed, one each at Central Jails, Lahore, Rawalpindi, Mianwali and Sahiwal at a total cost of Rs 1935.189 million. Inspector General of Prisons Punjab Nadeem Warraich told APP here on Sunday that in

Published 26 Jul, 2010 12:00am

Over 0.1 million powerloom units continue strike

More than 0.1 million powerloom units remained closed on sixth consecutive day Sunday in more than 12 industrial areas including Sidhar, Thikreewala, Faizabad, Ghulam Muhammadabad and Qadirabad, here Friday. Workers observed complete strike and staged pro

Published 26 Jul, 2010 12:00am

Zardari planning to disintegrate Punjab, says PML-N

PML-N leader Siddiqul Farooq has alleged that President Asif Ali Zardari plans to disintegrate Punjab and using law minister Babar Awan to carry out his agenda.

Published 26 Jul, 2010 12:00am

Condition of KP minister's nephew stable

The condition of Mian Amjad Hussain, nephew of Khyber-Pakthunkhwa Minister for Information Mian Iftikhar Hussain, is stable, said Chief Executive Lady Reading Hospital (LRH), Dr Abdul Hameed Afridi on Sunday.

Published 26 Jul, 2010 12:00am

Four-member team from Punjab government attends Namaz-e-Janaza

A 4-member delegation led by Minister for Education Mujtaba Shuja-ur-Rehman, representing Punjab Chief Minister Muhammad Shahbaz Sharif and Punjab government, attended the Namaz-e-Janaza of the son of Information Minister Khyber-Pakhtunkhawa Mian Iftikhar

Published 26 Jul, 2010 12:00am

Chief minister Punjab condemns killing of Iftikhar's son

Punjab Chief Minister, Muhammad Shahbaz Sharif here on Sunday has strongly condemned the tragic murder of son of Mian Iftikhar Hussain, Information Minister Khyber Pakthoonkhwa. He said that those playing with the lives of innocent people were brutes and

Published 26 Jul, 2010 12:00am

Zehri condemns killing of Iftikhar's son

Minister for Pakistan Postal Services Israrullah Zehri on Sunday condemned the killing of Mian Rashid Hussain, son of Khyber-Pakhtunkhawa Information Minister Mian Iftikhar Hussain. The minister termed the murder a heinous and despicable act of terrorism.

Published 26 Jul, 2010 12:00am

US condemns killing of Mian Rashid

The United States Mission in Pakistan condemned the targeted killing of Mian Rashid Hussain on Saturday in Nowshera. "We extend our condolences to Khyber Pakhtunkhwa Information Minister Mian Iftikhar Hussain and his family," it said in a statement on Sun

Published 26 Jul, 2010 12:00am

MOYA to organise female camp from July 27

The Ministry of Youth Affairs (MOYA) will organize a special female youth camp in 'See Pakistan' project from July 27 to August 2. Federal Minister for Youth Affairs Shahid Hussain Bhutto told APP on Sunday that the programme was aimed at facilitating the

Published 26 Jul, 2010 12:00am

Floodwater inundation: 10 injured as police fires teargas shells to disperse protestors

Three policemen and ten villagers were injured as police fired teargas and baton-charged hundreds of protesters blocking motorway interchange near Sahianwala where more than eight villages are inundated in floodwater, and neither irrigation department nor

Published 26 Jul, 2010 12:00am

Ghani distributes compensation cheques among Yakagund blast victims

Khyber Pakhtunkhwa Governor Owais Ahmad Ghani visited Mohmand Agency on Sunday and distributed compensation cheques among victims of deadly Yakagund blasts few weeks ago. The governor distributed Rs 34.8 million among the heirs of 84 martyrs and 96 injure

Published 26 Jul, 2010 12:00am

Commodities, kirana items' rates increase on Ramazan buying; world prices depict firmness

The most Ramazan items such as cloves, cuminseed, and milk powder maintained sharp rise, though world prices showed firmer trend but by and large were affordable. On Monday, gram 50x50 shed Rs 150 to Rs 4650, while the other type was quoted at Rs 4850 and

Published 26 Jul, 2010 12:00am

NCSW policy dialogue at Karachi

The National Commission on the Status of Women (NCSW) is holding a policy dialogue in Karachi on July 27 on Women's Political Participation at the national, provincial and local levels and the impediments faced by them in performing their roles at each le

Published 26 Jul, 2010 12:00am

DIG Punjab calls explanations of 39 traffic police officers

Explanation of one Chief Traffic Officer, 13 SPs and 25 DSPs of Traffic Police Punjab posted across the province was called for with 4 warnings for showing shoddy performance in regulating the traffic.

Published 26 Jul, 2010 12:00am

Two ships carrying 47,700MT of imported sugar arrive

Two more ships namely MV Tala, carrying 26,700MT, and MV Zenobia, carrying 21,000MT of imported sugar, have arrived in Karachi. Both the ships have taken berth at ports and started discharging the commodity, said a press release issued here Sunday.

Published 26 Jul, 2010 12:00am

Bumper cotton production reports help stop erratic price rise, yarn export still dominates sentiment

Growers are reporting bumper production with generally favourable conditions ruling buy scenario may change. Spot rate was down by Rs 150 to Rs 5850 at the end of the week on July 24.

Published 26 Jul, 2010 12:00am

Corruption in PSM: Industrialists, traders not involved: PSPA

Pakistan Steel Line-pipe Industry Association (PSPA) Chairman, Sanaullah Salman has said industrialists and traders are not involved in any misappropriation of Pakistan Steel Mills assets, as purchases of PSM products were made as per rules. Talking to of

Published 26 Jul, 2010 12:00am

MCCI rejects govt stance over APTTA

Malik Asrar Ahmed Awan, President of Multan Chamber of Commerce & Industry (MCCI) has rejected clarification of FBR and the government that the agreement regarding Afghanistan-Pakistan Transit Trade Agreement (APTTA), has not been signed yet, but only the

Published 26 Jul, 2010 12:00am

Licensing of sugar mills: MoS&T buckles down before PSMA

Ministry of Science and Technology (MoS&T) has buckled down before Pakistan Sugar Mills Association (PSMA) over licensing of sugar mills before coming crushing season 2010-11.

Published 26 Jul, 2010 12:00am

Four more killed as flash flood inundates 15 villages

Floodwater breaking out from Koh-e-Suleman has reached Indus Highway inundating another 15 villages in Rajanpur and Fazilpur as another four persons, including a seven-year old boy, lost their lives. Local management said rising level of water creates fea

Published 26 Jul, 2010 12:00am

KP civil judges' course begins today

Justice Ejaz Afzal Khan, Chief Justice of the Peshawar High Court will inaugurate six-week pre-service training course for newly appointed civil judges-cum- judicial magistrates from Khyber Pukhtoonkhwa here at the Federal Judicial Academy ( FJA) on Monda

Published 26 Jul, 2010 12:00am

PU annual MA/MSc admissions from August 18

The Punjab University on Sunday announced that its annual admissions to MA and MSc will start from August 18 and classes will commence from September 20. Pro Vice Chancellor and Chairman Admission Committee Prof Dr Ch Jamil Anwar told APP that advertiseme

Published 26 Jul, 2010 12:00am

Allowing Pakistani products free access: US should honour its commitment: MCCI

President Multan Chamber of Commerce & Industry (MCCI) Malik Asrar Ahmed Awan on Sunday urged the US Secretary of State Hillary Clinton to honour her commitments of giving a free access to Pakistan's products to the markets of Europe and the US. Awan high

Published 26 Jul, 2010 12:00am

Two ANP workers among three killed in Lyari

Three people including two activists of the Awami National Party (ANP) were gunned down in the Nayabad area of Lyari during wee hours on Sunday.

Published 26 Jul, 2010 12:00am

Widespread rains in Sindh, Balochistan likely from today

Met Office has predicted widespread monsoon rains/thundershowers heavy at times from Monday to Thursday in parts of the country and heavy rains in Sindh and Balochistan. A spokesman of Met Office said here on Sunday that a low pressure area developed over

Published 26 Jul, 2010 12:00am

Widespread rains in Sindh, Balochistan likely from today

Published 26 Jul, 2010 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	155.61
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.27
Euro to USD / Nov 15	1.06

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,906.50
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,861.33
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,065.30
Dow Jones / Nov 15	43,602
Germany DAX 30 / Nov 15	19,211.48

Item	Value
Gold 10 Grams PKR / Nov 14	232,340
Crude Oil USD/Barrel / Nov 15	67.86
Karachi Cotton PKR/37.32 KG / Nov 15	18,085
Gold Spot USD/Ounce / Nov 15	2,567.71
Cotton US¢/pound / Nov 15	69.87
Petrol/Litre / Nov 16	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 16 786 Investments Limited(786)	6.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 16 Al-Abbas Sugar Mills Limited(AABS)	609.47 ▼ 0.00 (0.00%)
Agro Allianz / Nov 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 16 Ali Asghar Textile Mills Limited(AATM)	61.35 ▼ 0.00 (0.00%)
Allied Bank / Nov 16 Allied Bank Limited(ABL)	114.03 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 16 Abbott Laboratories (Pakistan) Limited(ABOT)	993.93 ▼ 0.00 (0.00%)
Abson Ind. / Nov 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 16 Alfalah Consumer Index ETF.(ACIETF)	12.31 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 16 786 Investments Limited(786)	6.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 16 Al-Abbas Sugar Mills Limited(AABS)	609.47 ▲ 0.00 (0.00%)
Agro Allianz / Nov 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 16 Ali Asghar Textile Mills Limited(AATM)	61.35 ▲ 0.00 (0.00%)
Allied Bank / Nov 16 Allied Bank Limited(ABL)	114.03 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 16 Abbott Laboratories (Pakistan) Limited(ABOT)	993.93 ▲ 0.00 (0.00%)
Abson Ind. / Nov 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 16 Alfalah Consumer Index ETF.(ACIETF)	12.31 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 16 Worldcall Telecom Limited(WTL)	177,393,273 ▲ 0.00
Hascol Petrol / Nov 16 Hascol Petroleum Limited(HASCOL)	59,224,094 ▲ 0.00
Treet Battery / Nov 16 Treet Battery Limited(TBL)	47,940,702 ▲ 0.00
Sui South Gas / Nov 16 Sui Southern Gas Company Limited(SSGC)	42,748,255 ▲ 0.00
Cnergyico PK / Nov 16 Cnergyico PK Limited(CNERGY)	32,665,062 ▲ 0.00
TPL Properties / Nov 16 TPL Properties Limited(TPLP)	30,497,881 ▲ 0.00
Treet Corp / Nov 16 Treet Corporation Limited(TREET)	29,734,104 ▲ 0.00
Telecard Limited / Nov 16 Telecard Limited(TELE)	29,162,423 ▲ 0.00
Pak Refinery / Nov 16 Pakistan Refinery Limited(PRL)	27,309,247 ▲ 0.00

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