News Archives for Print - 2010-09-02

Turkmenistan offers new gas supply source

Turkmenistan, which failed to submit third-party certification of Dauletabad gas field reserves, has now offered a new supply source, Osman/ Yolatan gas field, which has raised serious concerns in Pakistan, sources exclusively told Business Recorder</i

Published 02 Sep, 2010 12:00am

Sugar price skyrocketing: FBR gets nothing in form of sales tax

The Federal Board of Revenue (FBR) will get nothing in the form of sales tax despite sizeable escalation in the price of sugar in the open market as the prevailing method of sales tax calculation is based on assessable value of the commodity. Sources told
Published 02 Sep, 2010 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 01, 2010).
Published 02 Sep, 2010 12:00am

Reko Diq project may be delayed further

The multi-billion dollars Reko Diq project in Balochistan may be further delayed due to scarcity of funds and misunderstanding between the federal and provincial governments over the funding percentage issue, sources told Business Recorder. Reko Di
Published 02 Sep, 2010 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (September 01, 2010).

Published 02 Sep, 2010 12:00am

Reko Diq project may be delayed further

The multi-billion dollars Reko Diq project in Balochistan may be further delayed due to scarcity of funds and misunderstanding between the federal and provincial governments over the funding percentage issue, sources told Business Recorder. Reko Di
Published 02 Sep, 2010 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (September 01, 2010).

Published 02 Sep, 2010 12:00am

Reko Diq project may be delayed further

The multi-billion dollars Reko Diq project in Balochistan may be further delayed due to scarcity of funds and misunderstanding between the federal and provincial governments over the funding percentage issue, sources told Business Recorder. Reko Di
Published 02 Sep, 2010 12:00am

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 02 Sep, 2010 12:00am

Turkmenistan offers new gas supply source

Turkmenistan, which failed to submit third-party certification of Dauletabad gas field reserves, has now offered a new supply source, Osman/ Yolatan gas field, which has raised serious concerns in Pakistan, sources exclusively told Business Recorder</i
Published 02 Sep, 2010 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (September 01, 2010).

Published 02 Sep, 2010 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 (September 01, 2010).

Published 02 Sep, 2010 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Wednesday (September 01, 2010)

Published 02 Sep, 2010 12:00am

Turkmenistan offers new gas supply source

Turkmenistan, which failed to submit third-party certification of Dauletabad gas field reserves, has now offered a new supply source, Osman/ Yolatan gas field, which has raised serious concerns in Pakistan, sources exclusively told Business Recorder</i
Published 02 Sep, 2010 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Wednesday (September 01, 2010)

Published 02 Sep, 2010 12:00am

Index sheds 77.67 points

The KSE-100 index on Wednesday lost 77.67 points and closed at 9,735.38 points, mainly due to selling by local investors. The market opened on a negative note and the index hit 9,683.91 points intra-day low level, down 129.14 points. Trading also shrank a
Published 02 Sep, 2010 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Wednesday (September 01, 2010)

Published 02 Sep, 2010 12:00am

Index sheds 77.67 points

The KSE-100 index on Wednesday lost 77.67 points and closed at 9,735.38 points, mainly due to selling by local investors. The market opened on a negative note and the index hit 9,683.91 points intra-day low level, down 129.14 points. Trading also shrank a
Published 02 Sep, 2010 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 01, 2010).

Published 02 Sep, 2010 12:00am

Index sheds 77.67 points

The KSE-100 index on Wednesday lost 77.67 points and closed at 9,735.38 points, mainly due to selling by local investors. The market opened on a negative note and the index hit 9,683.91 points intra-day low level, down 129.14 points. Trading also shrank a
Published 02 Sep, 2010 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 01, 2010).

Published 02 Sep, 2010 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 (September 01, 2010).

Published 02 Sep, 2010 12:00am

Carnage After Sunset: 30 killed, over 200 injured in Lahore

Thirty people were killed and over 200 others injured in three explosions at a Yaum-e-Ali procession here on Wednesday. The first blast of low intensity took place outside Karbala Gaamey Shah. Later, two suicide bombers blew themselves up in a crowd of th
Published 02 Sep, 2010 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 02 Sep, 2010 12:00am

Carnage After Sunset: 30 killed, over 200 injured in Lahore

Thirty people were killed and over 200 others injured in three explosions at a Yaum-e-Ali procession here on Wednesday. The first blast of low intensity took place outside Karbala Gaamey Shah. Later, two suicide bombers blew themselves up in a crowd of th
Published 02 Sep, 2010 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 02 Sep, 2010 12:00am

Sugar stocks: MoI&P, PSMA presenting contradictory figures

Ministry of Industries and Production (MoI&P) and Pakistan Sugar Mills Association (PSMA) are presenting contradictory figures with respect to sugar stocks held by mills, informed sources revealed to Business Recorder. According to the MoI&P, stock
Published 02 Sep, 2010 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (September 01, 2010).

Published 02 Sep, 2010 12:00am

Sugar stocks: MoI&P, PSMA presenting contradictory figures

Ministry of Industries and Production (MoI&P) and Pakistan Sugar Mills Association (PSMA) are presenting contradictory figures with respect to sugar stocks held by mills, informed sources revealed to Business Recorder. According to the MoI&P, stock
Published 02 Sep, 2010 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 (September 01, 2010).

Published 02 Sep, 2010 12:00am

Sugar stocks: MoI&P, PSMA presenting contradictory figures

Ministry of Industries and Production (MoI&P) and Pakistan Sugar Mills Association (PSMA) are presenting contradictory figures with respect to sugar stocks held by mills, informed sources revealed to Business Recorder. According to the MoI&P, stock
Published 02 Sep, 2010 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (September 01, 2010).

Published 02 Sep, 2010 12:00am

Some sugar mills of Punjab: audit detects cases of ST short, non-payment

The Large Taxpayer Unit (LTU) at Lahore has detected short/non-payment of sales tax by several sugar mills of Punjab, causing huge loss to the national kitty. Sources told Business Recorder here on Tuesday that the audit teams of the tax department
Published 02 Sep, 2010 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (September 01, 2010).

Published 02 Sep, 2010 12:00am

Some sugar mills of Punjab: audit detects cases of ST short, non-payment

The Large Taxpayer Unit (LTU) at Lahore has detected short/non-payment of sales tax by several sugar mills of Punjab, causing huge loss to the national kitty. Sources told Business Recorder here on Tuesday that the audit teams of the tax department
Published 02 Sep, 2010 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (September 01, 2010).

Published 02 Sep, 2010 12:00am

Some sugar mills of Punjab: audit detects cases of ST short, non-payment

The Large Taxpayer Unit (LTU) at Lahore has detected short/non-payment of sales tax by several sugar mills of Punjab, causing huge loss to the national kitty. Sources told Business Recorder here on Tuesday that the audit teams of the tax department
Published 02 Sep, 2010 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 (September 01, 2010).

Published 02 Sep, 2010 12:00am

Sugar price skyrocketing: FBR gets nothing in form of sales tax

The Federal Board of Revenue (FBR) will get nothing in the form of sales tax despite sizeable escalation in the price of sugar in the open market as the prevailing method of sales tax calculation is based on assessable value of the commodity. Sources told
Published 02 Sep, 2010 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 (September 01, 2010).

Published 02 Sep, 2010 12:00am

Sugar price skyrocketing: FBR gets nothing in form of sales tax

The Federal Board of Revenue (FBR) will get nothing in the form of sales tax despite sizeable escalation in the price of sugar in the open market as the prevailing method of sales tax calculation is based on assessable value of the commodity. Sources told
Published 02 Sep, 2010 12:00am

POAMCL joins hands with Jimmy Engineer

Pak Oman Asset Management Company Limited (POAMCL) strives to be the pioneer in new investment solutions by setting higher standards in the industry. It is this aim that drives our innovative and customised approach to meet our client's changing investmen
Published 02 Sep, 2010 12:00am

Margin Financing System: easing concerns

Three issues were raised by Chairman Karachi Stock Exchange Zubyr Soomro, subsequent to the approval given for the proposed Margin Financing System. They related to (a) letting the broker off-the-hook on default of a client; (b) allowing individuals to le
Published 02 Sep, 2010 12:00am

Hundreds of wild animals perished due to floods: WWF

The worst ever floods in the history of Pakistan triggered by torrential rains have not only resulted in 1600 deaths but hundreds of wild animals already near extinction in the forests and range lands have also perished, officials in the World Wildlife Fu
Published 02 Sep, 2010 12:00am

Computer, IT industry support to flood victims hailed

Pakistan Computer Association (PCA) on Wednesday lauded the role of computer and IT industry for timely and much needed contribution to provide immediate relief to flood victims. In response to mobilisation of PCA, various international companies ie HP, A
Published 02 Sep, 2010 12:00am

103 villages of Jati, Chuhar Jamali washed away

A strong current of water gushing from the River Indus at Molchand Sorjani (MS) embankment washed away 103 villages of Jati and Chuhar Jamali in Shah Bandar on Wednesday. Besides, 300 villages of Wara and Naseerabad towns in District Qambar-Shahdadkot inu
Published 02 Sep, 2010 12:00am

Influx of flood survivors into Karachi continues

The influx of flood survivors in Karachi continues as the metropolis has so far received over 60,000 displaced persons from interior Sindh, Business Recorder learnt Wednesday. While thousands of affected people are complaining about the lack of fac
Published 02 Sep, 2010 12:00am

IoBM students join flood relief campaign

Institute of Business Management (IoBM) students embarked on a little journey to Ibrahim Hyderi, a small village near Korangi Creek, carrying hundreds of packets of essential items of daily use for a camp of flood victims. They were accompanied by members
Published 02 Sep, 2010 12:00am

Khyber Pakhtunkhwa to set up 'one stop shops'

Khyber Pakhtunkhwa government will set up 'one stop shops' in the flood-hit districts to make food and medicines available to returning flood victims. The Provincial Minister for Social Welfare and Women Development, Sitara Ayaz announced this while chair
Published 02 Sep, 2010 12:00am

EU sends heaviest ever aid airlift to Pakistan

European Union member states on Wednesday clubbed together to send Pakistan the heaviest and most complex joint airlift of aid in EU history in response to the country's devastating floods. According to Pakistan government figures, over 1,600 people have
Published 02 Sep, 2010 12:00am

Swiss government accelerates relief efforts

The outgoing Consul General of Switzerland in Karachi Martin Beinz has said that his government is accelerating efforts to provide aid to the victims of the gruesome recent floods in Pakistan. Speaking at a reception held in his honour by the President SA
Published 02 Sep, 2010 12:00am

UNICEF, WFP call on international community to step up support

The Executive Directors of UNICEF and the United Nations World Food Programme (WFP) on Wednesday called on the international community to step up their support for the victims of the ongoing floods in Pakistan. Anthony Lake of UNICEF and Josette Sheeran o
Published 02 Sep, 2010 12:00am

Youth Council members picked for conducting survey

Punjab Chief Minister Muhammad Shahbaz Sharif has said that members of Punjab Youth Council have been inducted for conducting survey of flood affected people, therefore, they should take active part for transparent survey and the work of relief and rehabi
Published 02 Sep, 2010 12:00am

Floods have revived nationalism among people: Taseer

Governor Punjab Salmaan Taseer has said floods have revived nationalism among the countrymen and government would not leave the flood-hit people alone. Talking to media during his visit to relief camps at affected areas on Wednesday he said Pakistanis are
Published 02 Sep, 2010 12:00am

Fatimid calls for accelerating relief activities

Administrator Fatimid Foundation, Colonel Afzal Hussein (Retd) has said that waterborne diseases after the flood is a big challenge faced by the people and called for acceleration of the relief activities. He said while visiting free medical camps establi
Published 02 Sep, 2010 12:00am

Hungry, flood-hit Pakistanis protest lack of help

Hundreds of hungry families blocked a highway in Pakistan's flood-hit south on Wednesday, demanding the government provide more food as the UN warned of a "triple threat" to desperate survivors. The protest came as under-fire Prime Minister Yousuf Raza Gi
Published 02 Sep, 2010 12:00am

Islamic countries' aid for Pakistan

Maintaining close relations with the Islamic countries has always been a major pillar of Pakistan's foreign policy. Even before the creation of Pakistan, Quaid-e-Azam Mohammad Ali Jinnah supported the struggle of the Indonesian people aimed at gaining fre
Published 02 Sep, 2010 12:00am

Yet another hike in electricity tariff

According to a Business Recorder exclusive, the Business Plan for the energy sector - cleared by multilateral donor agencies - dictating specific reforms of the sector as part of the monetary assistance package that is largely provided at market ra
Published 02 Sep, 2010 12:00am

Viewpoint: Are we heading towards a bloody revolution?

It is difficult to determine who said it first. But the line "the country is heading towards a bloody revolution" seems to have struck a chord with all kinds of people: politicians, journalists, business leaders, and television commentators of different h
Published 02 Sep, 2010 12:00am

Judicial decision making: Certainty as an element of logical expectation

Our financial expert friend Lakhani looked worried. His way of entrance into my office showed anxiety written large on his face. I asked him, "Lakhani be in peace, Don't worry, problems do have their solutions."
Published 02 Sep, 2010 12:00am

Long wait for rescue in Chilean mine

"Please get us out of here," one of 33 miners trapped for close to four weeks at a gold and copper mine in northern Chile asked in the first video from the depths. The miners have been entombed 700 metres under the Atacama Desert since August 5, when the
Published 02 Sep, 2010 12:00am

Justice should prevail

This is apropos of the incident of lynching of two brothers that recently took place in Sialkot. This gory incident depicts intolerance and lack of faith in the law-enforcement agencies that are never able to catch those behind such incidents.
Published 02 Sep, 2010 12:00am

Devils disguised as humans

Do we really deserve to call ourselves Pakistanis anymore? Are we really proud to be a part of Pakistan? Few maybe, but there are millions like me, who are not because if killing innocent children in Sialkot depicts the real image of Pakistan, then it is
Published 02 Sep, 2010 12:00am

US MIDDAY: gold lower

US gold futures lower early on Wednesday after rallying to a two-month high in earlier trade, as strong US manufacturing data decreased gold's appeal as a safe-haven asset. COMEX December gold futures settled down $2.20 at $1,248.10 an ounce on the COMEX
Published 02 Sep, 2010 12:00am

US MIDDAY: copper hits four-month high

US copper futures hit a four-month high early on Wednesday, rising 3 percent after data showed strong manufacturing activity in the United States and China. A report by the Institute for Supply Management showed the US manufacturing sector grew more quick
Published 02 Sep, 2010 12:00am

US MIDDAY: wheat, soya and corn up

US wheat futures on the Chicago Board of Trade rallied early on Wednesday on news that Egypt bought US wheat at its latest tender, traders said. A softer US dollar and new-month fund buying added support, helping to buoy CBOT corn and soyabeans even as th
Published 02 Sep, 2010 12:00am

US MIDDAY: sugar surges

Raw sugar futures surged early on Wednesday to a near six-month top on investor and fund buying, while arabicas rose and stood below a 13-year high, and cocoa was steady as concerns about tight supplies diminished. ICE October raw sugar jumped to a high o
Published 02 Sep, 2010 12:00am

Gold eases in Europe

Gold eased on Wednesday after better-than-expected US manufacturing data lifted appetite for stocks and other assets seen as higher risk after earlier hitting two-month highs amid concerns over economic recovery. Spot gold eased to $1,244.55 an ounce at 1
Published 02 Sep, 2010 12:00am

Gold hits fresh two-month peak in Asia

Gold prices touched a fresh two-month peak on Wednesday on persistent worries of a downturn in the United States and strong demand for gold-backed exchange- traded products. Spot gold prices rose 56 cents $1,249.55 an ounce by 0654 GMT, having touched a t
Published 02 Sep, 2010 12:00am

US gold rallies

US gold futures rallied to a two-month high on Tuesday, as uncertainty about the economic recovery boosted the metal's appeal as an alternative investment. COMEX December gold futures settled up $11.10 at $1,250.30 an ounce on the COMEX division of the NY
Published 02 Sep, 2010 12:00am

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.
Published 02 Sep, 2010 12:00am

Oil prices rebound

Oil rose on Wednesday, rebounding after two days of declines to finish nearly 3 percent higher as strong manufacturing data from China and the United States revived risk appetite and eased worries about flagging energy demand. The US and Chinese data help
Published 02 Sep, 2010 12:00am

Liffe cocoa lower

Liffe December cocoa ended 9 pounds lower at 1,945 pounds a tonne on Wednesday. Dealers said a favourable outlook for main crops in West Africa was keeping the market on the defensive. The market's structure continued to weaken with the front month's disc
Published 02 Sep, 2010 12:00am

New York sugar and coffee mixed; cocoa higher

Soft commodity futures ended the month on Tuesday on a mixed note, with sugar again stalling above the psychological 20 cents level and cocoa posting modest gains after an early beating. Coffee futures were mixed as the summer doldrums hit home.
Published 02 Sep, 2010 12:00am

US soya lower

US soyabean futures closed lower on Tuesday and were down 4.2 percent for the month of August on spill-over selling from a falling wheat market and better than expected condition ratings for the US crop that led to prospects for bumper production. CBOT Se
Published 02 Sep, 2010 12:00am

Tokyo rubber futures rise

Tokyo rubber futures settled up 1 percent on Wednesday as a rise in the Shanghai rubber market, optimism about China's manufacturing base and strong car sales in Japan boosted sentiment. The benchmark rubber contract on the Tokyo Commodity Exchange for Fe
Published 02 Sep, 2010 12:00am

Malaysian palm oil declines

Malaysian crude palm oil futures ended more than 1 percent lower on Wednesday, as players booked profits after data from cargo surveyors showed lacklustre overseas demand. Malaysia's August palm oil exports fell 17 percent from a month ago, as the world's
Published 02 Sep, 2010 12:00am

Copper hits four-month high

Copper hit a four-month high on Wednesday as firmer manufacturing data in both China, the world's biggest copper consumer, and the United States, the largest economy, boosted the demand outlook. Analysts and traders also pointed to a continuous drop in co
Published 02 Sep, 2010 12:00am

Shanghai copper rises

Copper prices rose 2 percent in Shanghai on Wednesday while London metal reversed early losses to rally to a four-month high, buoyed by optimism about China's manufacturing base after positive purchasing manager data. Benchmark third-month Shanghai copper
Published 02 Sep, 2010 12:00am

US copper plummets

US copper prices settled sharply lower on Tuesday, erasing the steep gains made a day earlier while London markets were closed, but traders said the latest weak data, along with month-end position squaring, sent prices to their two-day lows.
Published 02 Sep, 2010 12:00am

New York cotton at 2-1/2 year top

Cotton futures finished on Wednesday at its highest level in 2-1/2 years on all-around buying by investors which scuppered ideas that a correction to the rally in fibre contracts may happen soon, brokers said. ICE Futures US benchmark December cotton cont
Published 02 Sep, 2010 12:00am

Seven injured in firing incident at procession

At least seven people, including a Pakistan Rangers jawan, sustained bullets wounds when unidentified armed men opened fire at the central procession of Youm-e-Ali (A S) near the Empress Market at around 5:30 pm on Wednesday, police and witnesses said. Se
Published 02 Sep, 2010 12:00am

President for probe into discrimination reports

President Asif Ali Zardari has taken exception to the media reports that some members of the minority communities were denied flood relief assistance and driven out of the relief camps in Sindh and called for an inquiry and action against officials if fou
Published 02 Sep, 2010 12:00am

Youm-e-Ali observed in the city

The martyrdom anniversary of Amirul Momineen Hazrat Ali ibne Abi Talib (A S) was observed in the city on Wednesday with religious fervour and sanctity. The central procession of Youm-e-Ali (A S) started from Nishtar Park peacefully and concluded at Imamba
Published 02 Sep, 2010 12:00am

23 German relief agencies engage in relief work

Many German relief organisations are actively engaged in relief work in different flood-hit areas in country. So far over 80 aid workers representing 23 organisations are providing relief assistance. Relief personnel include doctors, paramedics, emergency
Published 02 Sep, 2010 12:00am

Zardari says donors moot will be convened soon

President Asif Ali Zardari on Wednesday said a meeting (donor conference) of the Pakistan Development Forum would soon be convened in Islamabad to raise international financial assistance for the reconstruction and rehabilitation of flood-ravaged infrastr
Published 02 Sep, 2010 12:00am

Wheat planting season: FAO asks world community for more funds

United Nations Food and Agriculture Organisation (FAO) has asked international community to give more funds as wheat planting season is fast approaching in Pakistan where floods have destroyed country's most of the wheat seed stocks. Wheat, is staple food
Published 02 Sep, 2010 12:00am

Prime Minister lauds PTV's contribution for relief fund

Prime Minister Gilani on Wednesday appreciated the performance of Pakistan Television in raising an amount of Rs 450 million for the relief of flood victims. The Prime Minister was talking to Federal Minister for Information and Broadcasting Qamar Zaman K
Published 02 Sep, 2010 12:00am

US undeterred in bid for Middle East peace: Obama

US President Barack Obama vowed on Wednesday that a deadly Hamas attack in the West Bank "is not going to stop us" in the quest for Israeli-Palestinian peace as he opened a Washington summit to relaunch face-to-face negotiations. Wading into Middle East d
Published 02 Sep, 2010 12:00am

Big US arms sale to UAE likely next year: Lockheed

The United States likely will strike a ground-breaking deal by the middle of next year to sell the United Arab Emirates a multibillion-dollar Lockheed Martin Corp missile defence system, Lockheed's chief executive said. The so-called Theater High Altitude
Published 02 Sep, 2010 12:00am

Hurricane Earl to sideswipe US Atlantic Coast

Looming Hurricane Earl forced vacationers and some residents off North Carolina's barrier islands on Wednesday, churning up dangerous swells and prompting storm alerts along the US east coast. Watches and warnings were posted along the Atlantic coast for
Published 02 Sep, 2010 12:00am

Australian Prime Minister wins Greens support

Australian Prime Minister Julia Gillard forged an alliance with the Greens party on Wednesday to take her party closer to forming a government, but vowed not to allow the deal to change her plans for a tax on miners' profits. "Our election commitments are
Published 02 Sep, 2010 12:00am

World must prepare for Iran military option: Blair

Former British premier Tony Blair warned in an interview Wednesday that the international community may have "no alternative" to taking military action against Iran if it develops a nuclear weapon. "I am saying that I think it is wholly unacceptable for I
Published 02 Sep, 2010 12:00am

US jails accused Osama's aide for life

An accused former top aide to Osama bin Laden was sentenced on Tuesday to life in prison for stabbing a guard through the eye with a sharpened comb while awaiting trial for conspiring with al Qaeda to kill Americans. Mamdouh Mahmud Salim, 52, pleaded guil
Published 02 Sep, 2010 12:00am

Six killed in Mozambique price riots

Police opened fire on demonstrators protesting against rising prices in Mozambique's capital on Wednesday, killing at least six people including two children, police and hospital sources said. Police shot live ammunition after running out of rubber bullet
Published 02 Sep, 2010 12:00am

US deaths in Afghanistan hit record

The toll of US soldiers killed in the Afghan war this year is the highest since the conflict began, an AFP count found, as Nato said Wednesday it had killed two insurgents for every soldier lost last month. Military leaders say the spike in deaths reflect
Published 02 Sep, 2010 12:00am

US scientist accused of stealing trade secrets

A former scientist accused of illegally sending trade secrets worth $300 million to China and Germany was ordered detained Tuesday on rare charges of economic espionage. A federal indictment unsealed in Indianapolis alleges that 45-year-old Kexue Huang, w
Published 02 Sep, 2010 12:00am

China launches war games in Yellow Sea

China launched live-fire naval exercises in the Yellow Sea on Wednesday after voicing opposition to similar war games to be staged there this month by the United States and South Korea. The Beihai fleet of the navy of the People's Liberation Army will con
Published 02 Sep, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
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