News Archives for Print - 2010-09-15

Print - 2010-09-15

Closing stock market indices

Major stock markets outside the United States ended on Tuesday

Published 15 Sep, 2010 12:00am

Britain's leading shares edged higher on Tuesday, matching modest gains on Wall Street following above-forecast US retail sales data, with commodity issues standing out. At the close, the FTSE 100 index was up 1.88 points, or 0.1 percent, at 5,567.41, mar

Published 15 Sep, 2010 12:00am

Early trade: Dollar sells off after breaking technical levels

The dollar sold off across the board on Tuesday, touching a 15-year low below 83 yen as a break of technical support levels in several pairs sparked a stampede out of the US currency. With concerns growing about intervention by Japanese authorities to wea

Published 15 Sep, 2010 12:00am

Dollar posts biggest one day fall

The US dollar saw its biggest one day fall against the euro in two months on Monday as strong Chinese economic data boosted investor confidence in the global economic recovery, encouraging money flows into riskier currencies. In addition, the new bank cap

Published 15 Sep, 2010 12:00am

Dollar slips to fresh 15-year low in Asia

The dollar slid to a new 15-year low against the yen on Tuesday ahead of a Japanese ruling party leadership vote in which the prime minister faces a challenge from a proponent of more aggressive fiscal stimulus. The dollar hit a nine-month low against the

Published 15 Sep, 2010 12:00am

Swiss franc rises versus dollar

The Swiss franc rose on Tuesday, flirting with parity against the dollar, as investors stayed cautious ahead of key economic data from the euro zone. The SNB dropped its intervention pledge in June and the franc has risen to record highs against the euro

Published 15 Sep, 2010 12:00am

Indian rupee weakens

The Indian rupee weakened in late trade on Tuesday, giving up all its intraday gains and snapping a straight three-day rally, on importer dollar demand and as the greenback turned positive against majors. The partially convertible rupee ended at 46.445/45

Published 15 Sep, 2010 12:00am

Rupiah rallies; baht, won steady

The Indonesian rupiah rose in a catch-up rally on Tuesday after a long holiday while other Asian currencies paused after heated gains stoked by the yuan's new highs and capital inflows in the past week. The rupiah had gained nearly half a percent against

Published 15 Sep, 2010 12:00am

Dollar falls to new 15-year low

The dollar fell to a new 15-year low against the yen on Tuesday as Japanese Prime Minister Naoto Kan won the ruling party leadership vote, raising speculation Tokyo would not act immediately to stem the yen's rise. Kan will keep his job after an unexpecte

Published 15 Sep, 2010 12:00am

Eurozone rates stay steady

Benchmark eurozone interbank lending rates were broadly steady on Tuesday as banks held on to their excess liquidity, while Greece kicked off its new monthly schedule of short-term debt auctions. The European Central bank lent banks 151.6 billion euros in

Published 15 Sep, 2010 12:00am

Yuan rises

The yuan closed higher after hitting a fresh post-revaluation high against the dollar on Tuesday, with Beijing seen conceding to let the yuan rise as US lawmakers call for a vote on a bill to get tough with China over its slow exchange rate reform. The Pe

Published 15 Sep, 2010 12:00am

Sterling rises versus dollar

Sterling rose against a broadly weaker dollar on Tuesday, aided by stubborn UK inflation data which raised speculation that the Bank of England would hold off from extending quantitative easing in the near term. At 1457 GMT, sterling was trading up around

Published 15 Sep, 2010 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.5825/69.6000 (previous 69.58/69.59). Call Money Rates: 4.50-9.50 percent (previous 4.50-9.50 percent).

Published 15 Sep, 2010 12:00am

New Zealand dollar retreats, Aussie steadies

The New Zealand dollar retreated from five-week highs as soft retail sales and housing data further reduced the already slender chance of a rise in domestic interest rates this week. The Australian dollar fared better to hold around $0.9330, after a run o

Published 15 Sep, 2010 12:00am

Pont named bowling coach

Ian Pont has been appointed bowling coach of Bangladesh after former South Africa all-rounder Lance Klusener declined the role. Englishman Pont was formerly bowling coach for the Netherlands for two years up until the 2007 World Cup. The 49-year-old, who

Published 15 Sep, 2010 12:00am

Bangladesh drop Tamim, Ashraful for New Zealand series

Bangladesh have left out injured opener Tamim Iqbal and former captain Mohammad Ashraful for a one-day series against New Zealand in Dhaka next month, the cricket board said on Tuesday. Left-handed opener Shahriar Nafees was recalled after a gap of two ye

Published 15 Sep, 2010 12:00am

Asian football chief rues India's lack of progress

Asian football chief Mohamed Bin Hammam on Tuesday slammed India's almost stagnant development in the sport, saying the country had not realised its vast potential. "You have the population, the economy, the talent needed to become a successful footballin

Published 15 Sep, 2010 12:00am

Aisam-ul-Haq to get tumultuous reception today

Tennis star Aisam-ul-Haq Qureshi is set to receive tumultuous reception from his Pakistani fans on his return from the US on Wednesday (today). Governor Punjab Salmaan Taseer will honour the tennis star by hosting a reception that will be attended by nota

Published 15 Sep, 2010 12:00am

Mani slams PCB over lack of anti-corruption advice

Ehsan Mani, the Pakistani former president of the International Cricket Council (ICC), has accused the Pakistan Cricket Board (PCB) of failing to educate its players about the dangers of corruption. Pakistan's tour of Britain has been overshadowed by news

Published 15 Sep, 2010 12:00am

Rashid Latif quits as wicket keeping coach: PCB issues show-cause notice

Former skipper Rashid Latif has resigned from the slot of wicket keeping coach in the National Cricket Academy after being issued a show cause notice by Pakistan Cricket Board (PCB) for speaking about the raging spot-fixing and betting scandal on a TV sho

Published 15 Sep, 2010 12:00am

Animal attraction for Pakistan 'no-ball' cricketers

The world's top animal rights organisation on Tuesday offered Pakistan cricketers mired in a fixing scandal the chance to claw back public respect by starring in a cat and dog neutering advertisement. Seeing the silver lining in Pakistan's embarrassing sp

Published 15 Sep, 2010 12:00am

India to host revived Squash World Cup

India has been awarded the next three squash World Cups with Chennai as the venue for the team event that will take place for the first time since 1999. Sixteen teams will compete in next year's tournament starting on March 8 with $125,000 prize money on

Published 15 Sep, 2010 12:00am

Riaz interviewed by police

Fast bowler Wahab Riaz has become the latest Pakistan cricketer to be questioned by police as a result of the 'spot-fixing' row engulfing the team's tour of England. A brief statement issued by Scotland Yard here on Tuesday said: "We can confirm that toda

Published 15 Sep, 2010 12:00am

ICC fixes hearing on Pakistan spot-fixing allegations

The International Cricket Council will convene a preliminary hearing into allegations of spot fixing against three Pakistani players in 40 days time, the legal adviser to the country's cricket board said on Tuesday. Tafazzul Rizvi told Reuters that the pl

Published 15 Sep, 2010 12:00am

PDCA to award gold medal to Aisam

Pakistan Disable Cricket Association (PDCA) will be awarding a gold medal to tennis star Aisam-ul-Haq Qureshi for his outstanding performance in US Open in New York (USA). PDCA President Saleem Karim will be presenting a pure gold medal to Aisam-ul-Haq at

Published 15 Sep, 2010 12:00am

FIFA team to visit Pakistan, assess flood damage, work

FIFA President Joseph Sepp Blatter approved FIFA Development Officer Colombo Manilal Fernando and FIFA Development Manager Asia David Borja in two-men FIFA Flood Inspection Team, which will visit Pakistan in the beginning of October 2010 to meet Pakistan

Published 15 Sep, 2010 12:00am

Nadal completes career Slam sweep with US Open crown

World number one Rafael Nadal completed a career Grand Slam title sweep on Monday by capturing his first US Open crown, defeating Serbian third seed Novak Djokovic 6-4, 5-7, 6-4, 6-2. The 24-year-old Spanish left-hander overwhelmed Djokovic with uncanny s

Published 15 Sep, 2010 12:00am

Goldman cuts US industrials, energy sectors to neutral

Goldman Sachs cut the US Industrials and Energy sectors to "neutral" from "overweight," as it expects a slow growth in economic indicators. However, the firm raised the Telecom Services sector to "overweight" from "underweight" and the Consumer Staples se

Published 15 Sep, 2010 12:00am

Nokia unveils smartphones

Cellphone maker Nokia unveiled the smartphones its new management team will be fighting with on Tuesday, as it tries to win back market share from Apple and Blackberry. The world's biggest cellphone maker, Nokia is engaged in a major management revamp, wi

Published 15 Sep, 2010 12:00am

Brazil oil find could be biggest in 20 years

A recently discovered deepwater oil field off Brazil could be the biggest found in the world in the past 20 years, officials quoted Tuesday by the Estado de Sao Paulo newspaper said. The Libra field, discovered in 2007 and located off the coast from Rio d

Published 15 Sep, 2010 12:00am

Weakening eurozone output points to slowing growth

Eurozone monthly industrial production was weaker than expected in July, pulled down by a slump in durable consumer goods, and pointing to slowing economic growth in the second half of the year. The European Union's statistics office, Eurostat, said indus

Published 15 Sep, 2010 12:00am

German investor confidence sinks

German investor confidence plunged this month to depths not seen since February 2009 on fears that Europe's biggest economy is facing stiff headwinds, the ZEW research institute said Tuesday. Despite strong current economic growth, the ZEW sentiment indic

Published 15 Sep, 2010 12:00am

Opec wants to avoid double-dip recession: 50th anniversary marked

Opec is happy with an oil price of between $70 and $80 a barrel and wants to avoid a double-dip recession, its secretary general said on Tuesday, a month before the group meets to set supply policy. While Opec's compliance with agreed output limits is not

Published 15 Sep, 2010 12:00am

Sri Lanka wins credit rating upgrade

Global ratings agency Standard & Poor's raised Sri Lanka's credit rating on Tuesday, as the island nation's economy booms after the end of a 37-year civil war. S&P raised its rating for Sri Lanka's sovereign debt to "B plus" from "B", which is still in ju

Published 15 Sep, 2010 12:00am

Unemployment still near highs: OECD

The unemployment rate in leading industrialised countries was steady at 8.5 percent in July as in June but down from 8.6 percent in May, the OECD said on Tuesday. The overall rate of unemployment in 30 of the 33 countries in the Organisation for Economic

Published 15 Sep, 2010 12:00am

Azerbaijan, Georgia, Romania sign deal on gas transit route

Azerbaijan, Georgia and Romania signed a deal Tuesday to create a transit corridor to ship natural gas from the Caspian Sea to Europe, lowering the continent's reliance on Russian supplies. The project will see the three countries participate in the const

Published 15 Sep, 2010 12:00am

Ukraine and Kazakhstan to restart oil transit to Europe

Kazakhstan, Central Asia's largest oil producer, has agreed to resume using Ukraine as a transit nation for its oil supplies to Europe and will increase transit volumes, Ukrainian President Viktor Yanukovich said. "We have agreed we will increase transit

Published 15 Sep, 2010 12:00am

France, Germany sign joint EU farm proposals

France and Germany on Tuesday published a joint position on their vision of Europe's agriculture after 2013 but did not agree on the budget that should be allocated to EU's common agriculture policy (CAP).

Published 15 Sep, 2010 12:00am

UK's inflation resilient but housing market weakens

British inflation defied expectations for a fall in August but property prices weakened further and the Bank of England's newest recruit signalled he was in no rush to raise interest rates. UK consumer price inflation held steady at 3.1 percent last month

Published 15 Sep, 2010 12:00am

Kia halts exports to Iran

South Korea's Kia Motors, whose Pride model is ubiquitous on Iranian roads, said Tuesday it had suspended exports to the Islamic state after Seoul announced new nuclear-related sanctions. "South Korean government sanctions... were part of the decision," K

Published 15 Sep, 2010 12:00am

US retail sales post largest gain in 5 months

Sales at US retailers posted their largest gain in five months in August on strong receipts at gasoline stations and clothing outlets, further assuaging fears of a double-dip recession. The Commerce Department on Tuesday said retail sales rose 0.4 percent

Published 15 Sep, 2010 12:00am

IBA Orientation session of Fall 2010

The Orientation Session of the Fall 2010 Batch of Graduate and Undergraduate students of IBA was held on Tuesday at the City Campus. The session was attended by almost 500 newly inducted students. Dean & Director IBA Dr Ishrat Husain welcomed the newcomer

Published 15 Sep, 2010 12:00am

Balochistan government responsible for poor law, order: Bizenjo

Central Leader of the National Party (NP) Senator Mir Hasil Khan Bizenjo has blamed provincial government for its failure to maintain law and order, saying it has not taken requisite steps to end violence in Balochistan. In an interview with APP on Tuesda

Published 15 Sep, 2010 12:00am

Marine resources: Excessive fishing with illegal meshes causes fast depletion

Seafarers would soon find their catch as scant to offer against a good sum at fisheries if the gigantic fleet of around 2000 boats harnessed with lethal meshes continued to sweep up the seabed within territorial waters and beyond.

Published 15 Sep, 2010 12:00am

Younger generation to play role against feudalism: Altaf

Muttahida Qaumi Movement (MQM), Chief Altaf Hussain has said that the younger generation will play a leading role in the revolution against the age-old feudal system. He was talking to members of MQM Lahore zonal committee on telephone at MQM relief camp

Published 15 Sep, 2010 12:00am

CDGK price list being sold at Sabzi Mandi!

Due to lack of proper administrative control, the price lists of fruit and vegetables issued by the City District Government Karachi (CDGK) is being sold to the wholesalers and retailers by the black marketers at Rs 10 to 30 per list at New Sabzi Mandi, i

Published 15 Sep, 2010 12:00am

Senior journalist gunned down in Hangu

A senior journalist and president of Hangu Union of Journalists, Misri Khan Orakzai, was gunned down by unknown gunmen on Tuesday morning. As journalist, he remained associated with different newspapers and news agencies during his career.

Published 15 Sep, 2010 12:00am

Government urged to announce LG polls date early

Former Chairman of National Reconstruction Bureau (NRB) Daniyal Aziz has called upon the government to announce an early date for local government election at this crucial juncture when what he said people in villages are surrounded by heavy floods and th

Published 15 Sep, 2010 12:00am

Standard Chartered, Oasis ink accord on SME Cash Management Services

Standard Chartered and Oasis Travel, signed an agreement for Small and Medium Enterprises (SME) Cash Management services. Through this arrangement Standard Chartered will provide a comprehensive payments and collections solution.

Published 15 Sep, 2010 12:00am

Two MQM activists gunned down

Two activists of Muttahida Qaumi Movement (MQM) were gunned down in a fresh spree of targeted killings in the city on Tuesday, police said. A worker and member of MQM Buzurg Committee Aziz-ul-Rehman, 40, son of Mohammad Taqi and a resident of Munir Mohamm

Published 15 Sep, 2010 12:00am

Conversion of PSAF approved

In an Extra Ordinary General Meeting (EOGM) of Pakistan Strategic Allocation Fund (PSAF); a close-end fund of Arif Habib Investments Limited (AHI); held on 8th September 2010, the Certificate Holders have approved the conversion of the Fund into an Open E

Published 15 Sep, 2010 12:00am

Conversion of PSAF approved

Published 15 Sep, 2010 12:00am

Partly Facetious: Where is money coming from?

"So why did Shahbaz Sharif threaten to let the flood waters take Rehman Malik?"

Published 15 Sep, 2010 12:00am

Ahmadinejad under pressure inside and outside Iran

Pressure mounted on Iranian President Mahmoud Ahmadinejad at home and abroad on Tuesday as his government's disputes with the West deepened. Veteran politician Akbar Hashemi Rafsanjani criticised Ahmadinejad for failing to counter the impact of economic s

Published 15 Sep, 2010 12:00am

UN experts rap US over private security firms

UN experts on Tuesday rapped the United States for its failure to prosecute private security personnel over violations in Iraq, citing a case against two US firms which was dismissed after they claimed immunity.

Published 15 Sep, 2010 12:00am

Alleged Detroit bomber fires his lawyers

The young Nigerian who allegedly tried to blow up a US airliner over Detroit on Christmas Day, 2009, fired his lawyers on Monday saying they would be biased and opted to represent himself. Umar Farouk Abdulmutallab, 23, was arrested on December 25, 2009 a

Published 15 Sep, 2010 12:00am

30 insurgents killed

Up to 30 insurgents have been killed in fighting ahead of this week's parliamentary elections in Afghanistan which the Taliban want to undermine, Nato and Afghan officials said Tuesday. The military alliance said that up to 23 militants were killed in act

Published 15 Sep, 2010 12:00am

Gulbuddin Hekmatyar rejects Afghan vote

The leader of an Afghan rebel group fighting US and Afghan forces told French media in interviews published Tuesday that he "totally rejects" Saturday's parliamentary elections in Afghanistan. Gulbuddin Hekmatyar, an Afghan warlord and former prime minist

Published 15 Sep, 2010 12:00am

Japanese Prime Minister wins leadership vote

Japanese Prime Minister Naoto Kan will keep his job after an unexpectedly decisive victory in a ruling party leadership vote on Tuesday, but must now unify his party and forge deals with the opposition in a divided parliament. Kan, 63, who has pledged to

Published 15 Sep, 2010 12:00am

Bachelet to head UN super department for women

The UN secretary general on Tuesday named former Chilean president Michelle Bachelet to head a new UN super agency to step up the campaign to advance women's rights. UN Women will unite four existing UN bodies handling women's affairs into what Secretary

Published 15 Sep, 2010 12:00am

Tony Blair awarded US Liberty Medal

Former British prime minister Tony Blair on Monday was awarded the Liberty Medal by former US president Bill Clinton's National Constitution Centre in Philadelphia for his commitment to conflict resolution. Blair called the award he received from Clinton

Published 15 Sep, 2010 12:00am

Australian Prime Minister sworn in at helm of shaky coalition

Julia Gillard was sworn in as Australia's prime minister Tuesday, faced with leading a fragile coalition government after scraping back into power in the wake of a cliff-hanger election. Gillard, Australia's first woman prime minister, formally returned t

Published 15 Sep, 2010 12:00am

Japan heatwave kills 170

At least 170 people have died from heat-stroke and more than 54,000 have been rushed to hospital in Japan's hottest summer on record, the government said Tuesday. The Fire and Disaster Management Agency said 54,386 people, nearly half of them over 65, wer

Published 15 Sep, 2010 12:00am

Israeli troops kill Palestinians with impunity

The Israeli military has failed to investigate its forces for killing dozens of Palestinian civilians in recent years, spawning a climate of impunity, a human rights group said on Tuesday. "Soldiers who kill Palestinians in the occupied territories are al

Published 15 Sep, 2010 12:00am

Petraeus issues anti-corruption guidelines to troops

The commander of international forces in Afghanistan, US General David Petraeus, has ordered troops to limit corruption as they dole out billions of dollars in a drive to end a nine-year war. Spending vast amounts of money in a bid to develop roads, schoo

Published 15 Sep, 2010 12:00am

BBC chairman to stand down next year

BBC Trust Chairman Michael Lyons, who has come under fire from politicians for the way he oversees the broadcaster, is to step down in May after deciding against seeking a second term. Lyons told the government on Tuesday he would not want to be considere

Published 15 Sep, 2010 12:00am

Libya apologises for firing at Italian boat

Libya has apologised for opening fire on an Italian fishing boat off its coast using a vessel donated by Rome, an Italian minister said on Tuesday, seeking to play down an incident that has embarrassed the government.

Published 15 Sep, 2010 12:00am

Chinese jailed in US over encryption smuggling bid

A court in California sentenced a Chinese national to eight years in prison for trying to smuggle military encryption technology by ship from the United States to Macau and Hong Kong. Handing down the sentence at a hearing in San Diego, California, Distri

Published 15 Sep, 2010 12:00am

New York cotton ends at fresh 15-year high

Cotton futures ended at a new 15-year high on Tuesday due to steady investment fund and possible mill buying, with some analysts saying the momentum could lift values close to the psychological $1/lb mark. ICE Futures US key December cotton contract rose

Published 15 Sep, 2010 12:00am

US copper up two percent

US copper futures ended up over 2 percent on Monday, buoyed by fresh signs of economic expansion in top metals consumer China, that restored market confidence and reinforced an improved global demand outlook for the industrial metal.

Published 15 Sep, 2010 12:00am

Shanghai copper lower

Copper prices in London and Shanghai drifted lower on Tuesday after rallying around 2 percent in the previous session, but positive sentiment from Chinese economic data and a softer dollar remained. A pickup in Chinese industrial production, solid imports

Published 15 Sep, 2010 12:00am

Base metals move up

Base metals moved higher after early losses on Tuesday as a falling dollar supported the complex while better-than-expected retail sales in the United States eased concerns about a double-dip downturn. Benchmark copper on the London Metal Exchange moved i

Published 15 Sep, 2010 12:00am

Tokyo rubber futures up

Key Tokyo rubber futures inched up on Tuesday, reversing earlier losses as oil recovered and Shanghai futures held steady, but the yen's persistent strength capped gains. The key Tokyo Commodity Exchange rubber contract for February delivery rose 2.3 yen

Published 15 Sep, 2010 12:00am

New York sugar at 6-1/2 month high

Raw sugar futures rallied late to close Monday at a 6-1/2 month high, but arabica coffee and cocoa futures lost ground in the market. The October raw sugar contract went up 0.61 cent to finish at 23.34 cents per lb. It was the loftiest settlement close fo

Published 15 Sep, 2010 12:00am

Malaysian palm oil slips

Malaysian crude palm oil futures fell on Tuesday after hitting a fresh one-month high earlier in the day, as traders shifted their focus to prospects of rising supplies in the months to come. Crude oil, hovering near one-month highs, gave markets some sup

Published 15 Sep, 2010 12:00am

US soyabeans surge

Soyabean futures on the Chicago Board of Trade staged a slight short-covering bounce on Monday, snapping a three-day slide, buoyed by strength in corn and wheat as well as a weaker dollar, traders said. Soya rally limited by seasonal pressure ahead of the

Published 15 Sep, 2010 12:00am

Liffe sugar sets 6-1/2 month high

Liffe October white sugar futures end $20.80 higher at $636.80 per tonne on Tuesday after setting a 6-1/2 month high for the front month of $639.80. Market supported by worries dry weather in Brazil will erode yields. Liffe December cocoa ended 22 pounds

Published 15 Sep, 2010 12:00am

US oil slips as Enbridge pipeline restart

Oil prices fell on Tuesday after Enbridge Inc said repairs to its key Line 6A pipeline bringing Canadian crude oil to the United States were nearly complete and it hoped to gain approval to resume shipments. A spokeswoman also said Enbridge had restarted

Published 15 Sep, 2010 12:00am

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 15 Sep, 2010 12:00am

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 15 Sep, 2010 12:00am

Silver hits highest since 2008

US gold futures ended a tad higher on Monday, while silver rose to its highest since March 2008, on strong investment demand as the stock markets rallied on upbeat Chinese factory data and optimism about the new global banking rules. COMEX December gold f

Published 15 Sep, 2010 12:00am

Gold ticks up, silver steadies in Asia

Gold ticked up on Tuesday as the US dollar slipped against other currencies and physical demand picked up, while silver was steady near its strongest since early 2008 on hopes of a recovery in the global economy. Palladium, used in jewellery and autocatal

Published 15 Sep, 2010 12:00am

Gold hits record highs above $1,270 in London

Gold hit record highs above $1,270 an ounce on Tuesday in its biggest one-day rally in four months, as the US dollar declined broadly after upbeat data failed to convince investors to shift into risk-linked assets. Gold is now on course for a 15 percent g

Published 15 Sep, 2010 12:00am

US MIDDAY: sugar rallies

Raw sugar futures rallied to a fresh 6-1/2 month peak on Tuesday, buoyed by worries drought will erode yields in Brazil into next season, and arabicas jumped within sight of a 13-year top. New York cocoa futures rose but were near their lowest level in 14

Published 15 Sep, 2010 12:00am

US MIDDAY: corn climbs; soya and wheat down

Chicago Board of Trade grain and soy complex trends at 11:15 am CDT (1615 GMT) Tuesday. September wheat down 8-1/4 cents at $7.05-1/2 a bushel; December down 2-1/2 at $7.42-1/2. Choppy. Pressured by news that Australia raised its wheat exports forecast. B

Published 15 Sep, 2010 12:00am

US MIDDAY: copper lower

US copper futures closed lower on Tuesday, but managed to bounce away from their cheapest levels with the help of a weaker dollar and upbeat retail sales data that reinforced improving economic and demand prospects. Copper for December delivery fell 1.05

Published 15 Sep, 2010 12:00am

US MIDDAY: gold leaps two percent

Gold surged more than 2 percent to a record above $1,270 an ounce on Tuesday, its biggest one-day gain in four months, as investors sought shelter from economic uncertainty and fled the US dollar. Gold also gained on concerns that more stimulus may be nee

Published 15 Sep, 2010 12:00am

Floods of silence

According to experts, much of the wide spread destruction caused by the floods could have been reduced greatly if the concerned departments of the government had preformed their duties and our major dams, rivers and water reservoirs had been properly main

Published 15 Sep, 2010 12:00am

Show of strength

Now that General Pervaiz Musharraf (Retd) is getting active in politics directly and indirectly through his associates in Pakistan, my humble advice to Musharraf, listed below if he wishes to succeed.

Published 15 Sep, 2010 12:00am

Getting organised is need of the hour

Floods are still raging, devastating and destroying villages after villages in Sindh, people in millions being uprooted, rendered hungry and shelterless. The nation has risen to face situation. Apart from the government agencies, professional organisation

Published 15 Sep, 2010 12:00am

Mauritius in solidarity with Pakistan

An average Pakistani has little idea of the extent of love, respect and admiration enjoyed by Pakistan in the tiny island of Mauritius, banished in the south-west of the Indian Ocean. The size of Mauritius is approximately 1,000 sq kilometres and its popu

Published 15 Sep, 2010 12:00am

Good Morning: An Eid with gray thoughts

Were one to choose a solitary colour to describe the mood of Eid-ul-Fitr 2010 (1431), it would be an obvious gray. Varying shades of gray depending upon the intensity with which one views how Eid was experienced across the land, and depending upon the per

Published 15 Sep, 2010 12:00am

The epic struggle

The people of Kashmir are adding yet another chapter to an epic they have written with their blood during the last 63 years. At the forefront of the resistance is a new generation of youth, who do not have affiliations with any political party. They have

Published 15 Sep, 2010 12:00am

Referendum in Turkey

Turkey has voted for more democracy. The ruling Justice and Development Party (AKP) has won hands down a constitutional referendum, which tends to strengthen democracy in the country at the cost of political preponderance the military has enjoyed since th

Published 15 Sep, 2010 12:00am

Kashmiri intifada

The fresh phase of Kashmiri uprising that began three months ago with teenaged boys throwing stones at the Indian armed troops has spread to most of the occupied Kashmir Valley. Indian soldiers and police have been countering stones with bullets. Yet New

Published 15 Sep, 2010 12:00am

Who should welcome whom?

The words spoken from mouth are like arrows shot from the bows that never return. Therefore the advice that one should be careful in the choice of words to express one's thoughts. A case in point is Prime Minister Gilani's remark at a media encounter in M

Published 15 Sep, 2010 12:00am

Congestion at Jeddah Airport: PIA operating extra flights to bring back Umrah passengers

A massive number of passengers' returning after Umrah resulted in heavy congestion at the terminal building of Jeddah Airport as it could not cater to such heavy rush, PIA spokesman said, here on Tuesday. He said PIA flight schedule had to be modified to

Published 15 Sep, 2010 12:00am

Post-flood rehabilitation schemes: Appointing Nespak as consultants against laws: TI Pakistan

Transparency International Pakistan is dismayed and unhappy over President of Pakistan's advice to award consultancy contract for flood rehabilitation schemes to Nespak. This is against Public Procurement Rules (PPR) 2004 and Pakistan Engineering Council

Published 15 Sep, 2010 12:00am

Crimes rate in Sindh decreased: police

Crimes rate in the Sindh province decreased remarkably during the last eight months of this year. According to Police statistics, during January-August 2010, Sindh Police killed some 32 terrorists while 56 were arrested. It also recovered about 352.5 kg o

Published 15 Sep, 2010 12:00am

Provinces yet to announce cane support price: crushing may not start from October 1

Although, the country is already facing shortage of sugar due to low production of sugarcane crop last year, the provinces seem reluctant to announce the minimum support price for the crushing season 2010-11, which according to Sugarcane Factories Act 195

Published 15 Sep, 2010 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Karachi Cotton PKR/37.32 KG / Dec 26	17,785
Petrol/Litre / Dec 27	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 26 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	16.45 ▲ 1.50 (10.03%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Blue-Ex Ltd / Dec 26 Blue-Ex Limited (GEM)(GEMBLUEX)	44.96 ▲ 4.09 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Altern Energy / Dec 26 Altern Energy Limited(ALTN)	22.65 ▲ 2.06 (10.00%)

Stock	Price
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.10 ▼ -2.57 (-10.01%)
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Fateh Ind. / Dec 26 Fateh Industries Limited(FIL)	120.56 ▼ -13.38 (-9.99%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
Popular Islamic / Dec 26 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.50 (-9.97%)
Arctic Textile / Dec 26 Arctic Textile Mills Limited(ARCTM)	21.60 ▼ -2.37 (-9.89%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Sanghar Sugar / Dec 26 Sanghar Sugar Mills Limited(SANSM)	24 ▼ -2.33 (-8.85%)
Equity Modaraba / Dec 26 First Equity Modaraba(FEM)	3 ▼ -0.29 (-8.81%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.06
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	93,301,142 ▲ 1.50
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	46,900,564 ▲ 6.41
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -1.65
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.16
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.19
B.O.Punjab / Dec 26 The Bank of Punjab(BOP)	30,003,113 ▼ -0.11
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.87
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.09

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