News Archives for Print - 2010-09-16

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 15, 2010).

Published 16 Sep, 2010 12:00am

Reformed GST to be introduced in two phases

To ensure implementation of the reformed GST from October 1, 2010, the Federal Board of Revenue (FBR) would introduce reforms in the sales tax regime in stages by withdrawing sales tax exemptions and zero-rating through a Presidential Ordinance and subseq

Published 16 Sep, 2010 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (September 15, 2010).

Published 16 Sep, 2010 12:00am

Reformed GST to be introduced in two phases

To ensure implementation of the reformed GST from October 1, 2010, the Federal Board of Revenue (FBR) would introduce reforms in the sales tax regime in stages by withdrawing sales tax exemptions and zero-rating through a Presidential Ordinance and subseq

Published 16 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 15, 2010).

Published 16 Sep, 2010 12:00am

Power Ministry likely to give go-ahead to 4 RPPs: Cabinet to be bypassed?

The Ministry of Water and Power''s top brains are reportedly determined to give a go-ahead to four rental power plants (RPPs), without taking the Cabinet into confidence, sources told Business Recorder.

Published 16 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 15, 2010).

Published 16 Sep, 2010 12:00am

Power Ministry likely to give go-ahead to 4 RPPs: Cabinet to be bypassed?

The Ministry of Water and Power's top brains are reportedly determined to give a go-ahead to four rental power plants (RPPs), without taking the Cabinet into confidence, sources told Business Recorder.

Published 16 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 15, 2010).

Published 16 Sep, 2010 12:00am

Power Ministry likely to give go-ahead to 4 RPPs: Cabinet to be bypassed?

The Ministry of Water and Power's top brains are reportedly determined to give a go-ahead to four rental power plants (RPPs), without taking the Cabinet into confidence, sources told Business Recorder.

Published 16 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 15, 2010).

Published 16 Sep, 2010 12:00am

EU unveils clampdown on financial speculators

The European Union''s executive unveiled a blueprint on Wednesday to curb or ban short-selling and tighten controls on derivatives in one of its most ambitious financial reforms since the economic crisis unfolded. The shake-up tackles two of the most opaq

Published 16 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 16 Sep, 2010 12:00am

EU unveils clampdown on financial speculators

The European Union's executive unveiled a blueprint on Wednesday to curb or ban short-selling and tighten controls on derivatives in one of its most ambitious financial reforms since the economic crisis unfolded. The shake-up tackles two of the most opaqu

Published 16 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 16 Sep, 2010 12:00am

EU unveils clampdown on financial speculators

The European Union's executive unveiled a blueprint on Wednesday to curb or ban short-selling and tighten controls on derivatives in one of its most ambitious financial reforms since the economic crisis unfolded. The shake-up tackles two of the most opaqu

Published 16 Sep, 2010 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (September 15, 2010).

Published 16 Sep, 2010 12:00am

Japan intervenes to weaken yen

Japan intervened in global currency markets on Wednesday to sell yen for the first time in six years in a bid to stop its relentless rise from threatening a fragile economic recovery. Fresh after victory in a party leadership contest, Japanese Prime Minis

Published 16 Sep, 2010 12:00am

New York cotton

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

Published 16 Sep, 2010 12:00am

Japan intervenes to weaken yen

Japan intervened in global currency markets on Wednesday to sell yen for the first time in six years in a bid to stop its relentless rise from threatening a fragile economic recovery. Fresh after victory in a party leadership contest, Japanese Prime Minis

Published 16 Sep, 2010 12:00am

New York cotton

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

Published 16 Sep, 2010 12:00am

Japan intervenes to weaken yen

Japan intervened in global currency markets on Wednesday to sell yen for the first time in six years in a bid to stop its relentless rise from threatening a fragile economic recovery. Fresh after victory in a party leadership contest, Japanese Prime Minis

Published 16 Sep, 2010 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 Sep, 2010 12:00am

Pakistan Steel regularises 4,738 workers: Ministry''s directives ignored

Pakistan Steel Mills, ignoring the directive of the Ministry of Industries and Production, has regularised 4738 employees, putting additional burden of Rs 25 million per month, while it is facing severe financial crisis.

Published 16 Sep, 2010 12:00am

Karachi Port's and Port Qasim's activities

The Karachi Port handled 72,147 tonnes of cargo including 59,007 tonnes of import cargo, 13,140 tonnes of export cargo, 3,301 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 59,007 tonnes compri

Published 16 Sep, 2010 12:00am

Pakistan Steel regularises 4,738 workers: Ministry's directives ignored

Pakistan Steel Mills, ignoring the directive of the Ministry of Industries and Production, has regularised 4738 employees, putting additional burden of Rs 25 million per month, while it is facing severe financial crisis.

Published 16 Sep, 2010 12:00am

US wheat premiums hold mostly steady

US wheat export premiums held mostly steady on Tuesday on continued good global demand for wheat from the US and some other origins amid a halt in Russian grain export shipments, traders said. Improved US wheat export prospects amid production woes in Bla

Published 16 Sep, 2010 12:00am

Pakistan Steel regularises 4,738 workers: Ministry's directives ignored

Pakistan Steel Mills, ignoring the directive of the Ministry of Industries and Production, has regularised 4738 employees, putting additional burden of Rs 25 million per month, while it is facing severe financial crisis.

Published 16 Sep, 2010 12:00am

India's iron ore exports seen down 25-30 percent

India's iron ore output and exports will fall by a quarter this fiscal year, hit by a crackdown on illegal mining and the ban on exports by the southern Karnataka state, the head of a trade body told Reuters. Exports in the year to March 2011 from the wor

Published 16 Sep, 2010 12:00am

US won't support an 'undemocratic' Pakistan: Holbrooke

The United States Wednesday categorically said that Obama administration would not support a government other than 'democratically elected' in Pakistan. Washington also made it clear that its help to Islamabad in coping with the devastating floods must no

Published 16 Sep, 2010 12:00am

US Midwest corn and soyabean bids lower

Corn and soyabean spot basis bids were mostly steady to lower around the US Midwest on Tuesday amid pressure from a rally in the futures market and the ongoing harvest of both crops, grain merchants said. But sales of each commodity were limited as farmer

Published 16 Sep, 2010 12:00am

US won't support an 'undemocratic' Pakistan: Holbrooke

The United States Wednesday categorically said that Obama administration would not support a government other than 'democratically elected' in Pakistan. Washington also made it clear that its help to Islamabad in coping with the devastating floods must no

Published 16 Sep, 2010 12:00am

Morocco approves import of 1.2 million tonnes of soft wheat

Morocco's state grain agency ONICL has approved the import of 1.2 million tonnes of soft milling wheat over the period September 16-December 31, it said on Tuesday. Licenses to import the wheat have been issued to 20 grain trading houses including Gromic,

Published 16 Sep, 2010 12:00am

Solution to insurgency: talks to be held with non-al Qaeda elements, says Karzai

Afghan President Hamid Karzai said on Wednesday that the use of force is not the sole solution to Afghan insurgency, and negotiation would be held with those who are not part of al Qaeda. Pakistan and Afghanistan also reiterated their resolve to jointly f

Published 16 Sep, 2010 12:00am

China's corn starch output rises as demand booms

China's corn starch production will grow by 10-14 percent this year after only 2 percent growth in 2009, and output is likely to grow 5-10 percent annually in the next five years because of demand for food additives, industry officials said on Wednesday.

Published 16 Sep, 2010 12:00am

Solution to insurgency: talks to be held with non-al Qaeda elements, says Karzai

Afghan President Hamid Karzai said on Wednesday that the use of force is not the sole solution to Afghan insurgency, and negotiation would be held with those who are not part of al Qaeda. Pakistan and Afghanistan also reiterated their resolve to jointly f

Published 16 Sep, 2010 12:00am

Oil cake market rates

Bullish trend persisted on the forward cottonseed oilcake market on Wednesday in the process of trading, dealers said. The July contract that ended at Rs 1004.30 opened with a gain of 20 paisa at Rs 1004.50, dealers said. The December vaida which closed a

Published 16 Sep, 2010 12:00am

Controversial trade accord with Afghanistan: MoC to brief National Assembly panel today

Ministry of Commerce is to brief the National Assembly''s Standing Committee on Commerce on Thursday (today) on the controversial revised trade agreement with Afghanistan. Pakistan has signed the agreed record notes but the decisions taken by the politica

Published 16 Sep, 2010 12:00am

Indian move causes panic buying of cotton; rates rise, may go up further

Panic buying of cotton and high rise in the rates were seen on the cotton market on Wednesday as India has extended date for registration for cotton exports, dealers said. The Karachi Cotton Association (KCA) official spot rate was maintained its upward m

Published 16 Sep, 2010 12:00am

Controversial trade accord with Afghanistan: MoC to brief National Assembly panel today

Ministry of Commerce is to brief the National Assembly's Standing Committee on Commerce on Thursday (today) on the controversial revised trade agreement with Afghanistan. Pakistan has signed the agreed record notes but the decisions taken by the political

Published 16 Sep, 2010 12:00am

Milk powder moves up on Jodia Bazar

The trading in milk powder moved up on Jodia Bazar here on Wednesday. The following changes were noted.

Published 16 Sep, 2010 12:00am

Controversial trade accord with Afghanistan: MoC to brief National Assembly panel today

Ministry of Commerce is to brief the National Assembly's Standing Committee on Commerce on Thursday (today) on the controversial revised trade agreement with Afghanistan. Pakistan has signed the agreed record notes but the decisions taken by the political

Published 16 Sep, 2010 12:00am

Moong, oilcake low type Punjab up on grain market

Upward trend was seen on the wholesale grain and seed market on Wednesday in process of sluggish trading, dealers said. Except moong Punjab, which gained Rs 100 to Rs 1000, all other commodities maintained overnight levels on the cereal side, they said.

Published 16 Sep, 2010 12:00am

Talks end in deadlock; violence continues

A meeting of the Indian government and opposition parties to resolve spiralling protests in held Kashmir ended in a deadlock on Wednesday, even as four more protesters were killed in police clashes. Prime Minister Manmohan Singh's meeting came two days af

Published 16 Sep, 2010 12:00am

EU set to hike tariffs on Chinese car wheels

European Union countries backed plans on Tuesday to raise duties on Chinese-made aluminium wheels, EU diplomats said, amid growing fears that China is making inroads into its high-tech industries. "The EU wants to use this case to address what it is calli

Published 16 Sep, 2010 12:00am

Talks end in deadlock; violence continues

A meeting of the Indian government and opposition parties to resolve spiralling protests in held Kashmir ended in a deadlock on Wednesday, even as four more protesters were killed in police clashes. Prime Minister Manmohan Singh's meeting came two days af

Published 16 Sep, 2010 12:00am

Champions League Twenty20: Finch hits Victoria to victory

Aaron Finch hit an unbeaten 93 as the Victoria Bushrangers gained their first Champions League Twenty20 win, beating the Central Stags by seven wickets on Wednesday. Finch held his nerve in a tense finish, hitting Doug Bracewell for six off the fourth bal

Published 16 Sep, 2010 12:00am

Serbian coach sacked

Serbia's national football coach Radomir Antic was sacked on Wednesday due to the team's poor results at the World Cup and their mediocre start to Euro 2012 qualifying, officials said. "Our board feel that the team has not been managed properly after qual

Published 16 Sep, 2010 12:00am

Robson sees Thais among favourites for ASEAN Suzuki Cup

Holders Vietnam will face Singapore and Myanmar at this year's ASEAN Suzuki Cup, while Bryan Robson's Thailand were Wednesday drawn alongside Indonesia and Malaysia. The biennial tournament, co-hosted by Vietnam and Indonesia, will be held from December 1

Published 16 Sep, 2010 12:00am

Aamer may become an informant for ICC

Pakistan's teenage pacer Mohammad Aamer, who is implicated in the spot-fixing scandal that has rocked the world of cricket is considering to become informant for the International Cricket Council (ICC) to escape life ban, an Australian newspapers claimed

Published 16 Sep, 2010 12:00am

Musharraf backs Aamir

Former Pakistan president Pervez Musharraf on Wednesday called for the 18-year-old star, Mohammad Aamer, at the centre of cricket's spot-fixing scandal to be shown compassion as the player is from a poor family. Pakistan's tour of England has been oversha

Published 16 Sep, 2010 12:00am

FIFA fine Saifi over journalist slap

FIFA has hit Algerian striker Rafik Saifi with a 2,300-euro fine for having slapped a woman journalist at the end of the Algeria v United States match at the World Cup. Saifi struck out at Asma Halimi, a journalist with Algerian daily Competition, in an i

Published 16 Sep, 2010 12:00am

Modest Nadal says Grand Slam just a 'step forward'

World number one tennis ace Rafael Nadal Wednesday downplayed his achievement in completing a career Grand Slam, describing it as merely "a step forward" in his career. "I'm not the best sportsman, it's quite obvious that I'm not," the Spaniard told a new

Published 16 Sep, 2010 12:00am

Aisam gets rousing reception back home

Pakistani tennis star Aisam-ul-Haq Qureshi has expressed his firm resolve to earn more laurels for the country with his hard work. He said this while briefly talking to news and media persons on his arrival here at the Allama Iqbal International Airport o

Published 16 Sep, 2010 12:00am

Man United frustrated by Rangers defence

Manchester United failed to break down a disciplined Rangers defence as the British rivals drew 0-0 in their opening Champions League Group C match at Old Trafford on Tuesday. The three-times European champions, who made 10 changes from the team which dre

Published 16 Sep, 2010 12:00am

Messi weaves his magic in Barca's five-goal romp

An inspired Lionel Messi netted two superb goals, had a penalty saved and twice rattled the woodwork as Barcelona romped to a 5-1 comeback victory over Panathinaikos in Champions League Group D on Tuesday. The World Player of the Year picked up where he l

Published 16 Sep, 2010 12:00am

Stiles to sell 1966 World Cup medal

Nobby Stiles has become the latest player from England's victorious 1966 World Cup team to announce he is selling his winner's medal. When the medal, which is being sold as part of the former Manchester United midfielder's collection of football memorabil

Published 16 Sep, 2010 12:00am

France fall in FIFA world rankings

Spain maintained their place atop the FIFA world rankings published on Wednesday, but France fell six spots to 27th despite new coach Laurent Blanc's first victory since taking charge. The World Cup winners, also the reigning European champions, remain at

Published 16 Sep, 2010 12:00am

PCB boss in India to meet ICC

Pakistan Cricket Board chairman Ijaz Butt on Wednesday travelled to India for meetings with the head of the International Cricket Council (ICC) over the spot-fixing scandal, reports said. Butt was due to meet ICC president Sharad Pawar on Thursday, a sour

Published 16 Sep, 2010 12:00am

Rashid vows to guide Afghan team for Test status in two years

Afghanistan's new cricket coach, Rashid Latif, vowed Wednesday to guide the national team to Test status within two years, a day after leaving his Pakistan job over spot-fixing comments. The 41-year-old former Pakistan cricket captain agreed to take on th

Published 16 Sep, 2010 12:00am

Road King rises on Asian debut

Bonds from Chinese developer and toll road operator Road King Infrastructure rose on their Asian debut on Wednesday, while Korea Finance Corp may price debt later in the day. Issuers are taking advantage of spreads hovering near their narrowest levels in

Published 16 Sep, 2010 12:00am

Road King rises on Asian debut

Bonds from Chinese developer and toll road operator Road King Infrastructure rose on their Asian debut on Wednesday, while Korea Finance Corp may price debt later in the day. Issuers are taking advantage of spreads hovering near their narrowest levels in

Published 16 Sep, 2010 12:00am

Seoul shares up

Seoul shares edged up on Wednesday helped by firm gains in shipbuilders such as Hyundai Heavy Industries Co Ltd, but falls in retailers and banks such as Shinhan Financial Group Co Ltd weighed. The Korea Composite Stock Price Index (KOSPI) ended up 0.48 p

Published 16 Sep, 2010 12:00am

China shares slip, Hong Kong gains

Chinese shares fell on Wednesday, backing away from a key resistance level again as investors continued to shy away from large-cap banking shares due to concern about more policy moves to rein in lending. The Shanghai Composite Index closed 1.3 percent lo

Published 16 Sep, 2010 12:00am

Wednesday's midday trade: markets edge higher

Wall Street rose but was trapped in a tight trading range on Wednesday as investors, without a positive catalyst, hesitated after a recent run-up. Energy and technology shares were among the top decliners, pressured by a fall in crude oil prices and beari

Published 16 Sep, 2010 12:00am

US stocks little changed

US stocks were little changed on Tuesday after promising data from the retail sector fed recent optimism that the economic recovery, while slow, is proceeding. Retailers were a bright spot after data showed US retail sales rose in August for their largest

Published 16 Sep, 2010 12:00am

European CDS steady

European corporate credit default swap spreads were steady on Wednesday, with markets focused on economic data, including eurozone inflation and jobs numbers, for more clues on the state of the recovery. By 0636 GMT, the investment-grade Markit iTraxx Eur

Published 16 Sep, 2010 12:00am

European CDS steady

European corporate credit default swap spreads were steady on Wednesday, with markets focused on economic data, including eurozone inflation and jobs numbers, for more clues on the state of the recovery. By 0636 GMT, the investment-grade Markit iTraxx Eur

Published 16 Sep, 2010 12:00am

Treasuries rise

US government debt prices rose on Tuesday as persistent worries about the economy stoked buying of lower-risk government debt and pushed longer-dated yields down from one-month highs. Adding to the rebound in bonds for a second day was speculation a recen

Published 16 Sep, 2010 12:00am

Treasuries rise

US government debt prices rose on Tuesday as persistent worries about the economy stoked buying of lower-risk government debt and pushed longer-dated yields down from one-month highs. Adding to the rebound in bonds for a second day was speculation a recen

Published 16 Sep, 2010 12:00am

Taiwan stocks hit five-month high

Taiwan stocks rose 0.38 percent to a five-month closing high on Wednesday, with major technology companies and financial shares extending recent gains on optimism over earnings growth. Investors chased shares of touch-panel makers on expectations of risin

Published 16 Sep, 2010 12:00am

Indian shares rise

Indian shares rose to 32-month highs for a fourth session on Wednesday, with outsourcers leading the way as promising US retail sales data boosted optimism over economic recovery in the world's largest economy. Tata Consultancy Services and Infosys Techno

Published 16 Sep, 2010 12:00am

Nikkei jumps 2.3 percent

The Nikkei stock average jumped 2.3 percent to a one-month closing high after Japan intervened to weaken the yen, boosting shares of Toyota Motor Corp and other exporters. Japan intervened to sell yen for the first time in six years, bringing the currency

Published 16 Sep, 2010 12:00am

Closing stock market indices

Major stock markets outside the United States ended on Wednesday

Published 16 Sep, 2010 12:00am

European shares lower

European shares finished lower after a choppy trading session on Wednesday, with disappointing economic numbers forcing investors to stay cautious, while a sharp decline in crude prices put pressure on energy stocks. The FTSEurofirst 300 index of top Euro

Published 16 Sep, 2010 12:00am

Commodities pull FTSE down

Commodity stocks pulled Britain's top shares lower on Wednesday as US data showed a sharp slowdown in industrial output, and after investors switched into the dollar after BoJ's yen intervention and recent sharp gains. The FTSE 100 index closed down 11.85

Published 16 Sep, 2010 12:00am

World Bank head sees stronger yuan as no panacea

A stronger yuan would be appropriate but is no substitute for the structural reforms that China needs to boost domestic demand and wean itself off export-led growth, the head of the World Bank said on Wednesday. Speaking at the end of a week-long visit to

Published 16 Sep, 2010 12:00am

Jobless claims rise unexpectedly in Britain

The number of people unemployed in Britain showed a surprising rise in August, official data showed on Wednesday, pointing to even tougher times once government budget cuts begin in earnest. The so-called claimant count of people registered for unemployme

Published 16 Sep, 2010 12:00am

French lawmakers vote for pension bill

A pension reform bill that includes a rise in the retirement age cleared its first main hurdle on Wednesday when France's lower house approved it after a bitter debate among lawmakers. Several thousand people, led by trade unionists, had converged in fron

Published 16 Sep, 2010 12:00am

Slower eurozone inflation confirmed

Eurozone inflation slowed as expected in August, data confirmed on Wednesday, thanks to an easing of fuel prices from July and less expensive food. The European Union's statistics office Eurostat said consumer prices in the 16 countries using the euro ros

Published 16 Sep, 2010 12:00am

US industrial output growth slows; import prices up

US industrial output slowed last month and a regional measure of factory activity touched a 14-month low in September, pointing to a cooling in manufacturing as the boost from an inventory build-up fades. The reports on Wednesday were consistent with othe

Published 16 Sep, 2010 12:00am

World's largest solar plant gets clearance

The world's largest solar power plant cleared an important hurdle on Wednesday, laying the groundwork for a dramatic expansion in solar energy generation in the United States and around the world. The proposed $6 billion-plus plant in Blythe, California,

Published 16 Sep, 2010 12:00am

Lehman seeks $3 billion from CIBC, others in lawsuits

Lehman Brothers Holdings Inc, which filed for bankruptcy exactly two years ago, has sued Canadian Imperial Bank of Commerce and dozens of other defendants to recover more than $3 billion of which it said it was deprived due to the bankruptcy filing. The l

Published 16 Sep, 2010 12:00am

Asia business sentiment slips in third quarter

Business sentiment at Asia's top companies fell in the third quarter, marking the first decline in six quarters, as growing concerns about the global economic outlook dented optimism. The Reuters Asia Corporate Sentiment Index dropped to 69 in the quarter

Published 16 Sep, 2010 12:00am

Women sue Goldman for alleged discrimination

Goldman Sachs Group Inc was hit with a gender bias lawsuit on Wednesday by women who said Wall Street's most profitable bank maintained an "outdated corporate culture" that systematically deprived them of pay and promotions available to men. The lawsuit w

Published 16 Sep, 2010 12:00am

India's trade deficit widens to 23-month high

India's August trade deficit widened to a 23-month high and the trade secretary raised his projection for the full-year figure, but said the bulging deficit was not yet a problem and could be financed. Rahul Khullar said the trade deficit could touch $135

Published 16 Sep, 2010 12:00am

Russia and Norway sign border deal for Arctic energy

Russia and Norway ended a 40-year dispute by signing an Arctic border treaty on Wednesday which opens the door to offshore oil and gas exploration. President Dmitry Medvedev and Norway's Prime Minister Jens Stoltenberg presided over the signing in Murmans

Published 16 Sep, 2010 12:00am

Yen Libor edges lower

Benchmark yen interbank rates edged lower on Wednesday after Japan's intervention in foreign exchange markets looked set to boost yen liquidity, but analysts said the move would only have a limited impact on short-dated rates. The dollar rose more than 3

Published 16 Sep, 2010 12:00am

Sterling rises versus dollar

Sterling rose against the dollar and recovered from a seven-week low versus the euro on Wednesday as selling on a rise in UK jobless claims fizzled out as the market focused on an increase in employment. Market participants said a speech by Bank of Englan

Published 16 Sep, 2010 12:00am

Yen drops in Asia

The dollar jumped two yen from a 15-year low after Japan intervened to sell yen for the first time in six years, in a move traders said would only buy it time in slowing the yen's persistent rise. The intervention helped send the euro, Australian dollar a

Published 16 Sep, 2010 12:00am

Dollar soars, yen falls in London

The dollar jumped more than two yen from a 15-year low after Japan intervened to sell yen for the first time in six years, but with key chart levels yet to break, traders were sceptical the impact would be lasting. The intervention helped send the euro, A

Published 16 Sep, 2010 12:00am

Early trade: dollar soars over three percent versus yen

The dollar rose more than 3 percent against the yen on Wednesday as Japan intervened to weaken its currency for the first time in six years, kicking off what could be a sustained effort to limit yen strength. Dealers said the Bank of Japan spent close to

Published 16 Sep, 2010 12:00am

Dollar falls across the board in New York

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

Published 16 Sep, 2010 12:00am

Australian and New Zealand dollars jump

The Australian dollar jumped to a five-week peak against the yen on Wednesday, while holding not far from two-year highs on the US dollar, as Japan intervened to sell its currency. The local dollar had already shot as far as $0.9457 offshore Tuesday, taki

Published 16 Sep, 2010 12:00am

Indian rupee up

The Indian rupee nudged up on Wednesday morning, boosted by dollar selling from custodian banks looking to buy shares in the local market, but the US unit's gains versus major currencies is seen limiting a sharp rise. At 11 am (0530 GMT), the partially co

Published 16 Sep, 2010 12:00am

Most Asian currencies slide

The Malaysian ringgit led a slide in many Asian currencies on Wednesday, weighed down by Japan's first foreign exchange intervention in six years that sent the yen tumbling. Tokyo's intervention, designed to stem the economic damage from a strong yen, als

Published 16 Sep, 2010 12:00am

Yuan posts fastest five-day gain in two years

The yuan closed up against the dollar on Wednesday, scoring its fastest rise in five trading days since February 2008 as US pressure mounts again over the Chinese currency's value. The yuan rose 0.77 percent from its close of 6.7943 on Thursday last week,

Published 16 Sep, 2010 12:00am

Swiss franc weakens versus dollar, euro

The Swiss franc weakened against the dollar on Wednesday, crossing back through the parity mark as investors took profits from its rally the previous day. The franc also eased against the euro, with one trader saying the franc was likely to see support at

Published 16 Sep, 2010 12:00am

Al-Arabiya TV chief resigns

Abdul Rahman al-Rashid, the director general of Saudi-owned Al-Arabiya television known for his liberal views, has resigned, a member of the channel's editorial management told AFP on Wednesday. "Rashid announced at Wednesday's editorial meeting that he h

Published 16 Sep, 2010 12:00am

US Republicans take stock after Tea Party stunner

Divided Republicans pointed fingers and promised to regroup on Wednesday after a stunning Tea Party upset in Delaware dealt a blow to their hopes of recapturing US Senate control in November. Conservative upstart Christine O'Donnell's defeat of popular ni

Published 16 Sep, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 27	278.47
USD PKR Interbank Buying / Dec 27	278.22
USD to Japanese Yen / Dec 27	157.88
USD to Swiss Franc / Dec 27	0.90
Pound Sterling to USD / Dec 27	1.25
Euro to USD / Dec 27	1.04

Stock	Volume
S&P 500 / Dec 26	6,037.59
Nasdaq / Dec 26	20,020.36
Dow Jones / Dec 26	43,325.80
India Sensex / Dec 27	78,791.05
Tokyo Nikkei / Dec 27	40,281.16
Hang Seng / Dec 27	20,096.01
FTSE 100 / Dec 27	8,137.45
Germany DAX 30 / Dec 27	19,830.60

Item	Value
Gold 10 Grams PKR / Dec 26	234,911.70
Crude Oil USD/Barrel / Dec 27	69.54
Karachi Cotton PKR/37.32 KG / Dec 27	17,785
Gold Spot USD/Ounce / Dec 27	2,634.16
Cotton US¢/pound / Dec 27	68.72
Petrol/Litre / Dec 28	252.10

Stock	Price
First Capital Equities / Dec 27 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Chenab Ltd (Pref) / Dec 27 Chenab Limited (Pref)(CLCPS)	4.50 ▲ 0.60 (15.38%)
Sec. Inv. Bank / Dec 27 Security Investment Bank Limited(SIBL)	7.99 ▲ 1.00 (14.31%)
786 Invest Ltd / Dec 27 786 Investments Limited(786)	8.15 ▲ 1.00 (13.99%)
Chenab Ltd / Dec 27 Chenab Limited(CHBL)	9.61 ▲ 1.00 (11.61%)
Next Capital / Dec 27 Next Capital Limited(NEXT)	10.90 ▲ 1.00 (10.10%)
Image Pakistan / Dec 27 Image Pakistan Limited(IMAGE)	20.31 ▲ 1.85 (10.02%)
Baba Farid Sugar / Dec 27 Baba Farid Sugar Mills Limited(BAFS)	53.08 ▲ 4.83 (10.01%)
Biafo Ind. / Dec 27 Biafo Industries Limited(BIFO)	208.88 ▲ 18.99 (10.00%)

Stock	Price
Burj Clean Energy Modaraba / Dec 27 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.10 ▼ -1.00 (-10.99%)
Blue-Ex Ltd / Dec 27 Blue-Ex Limited (GEM)(GEMBLUEX)	40.15 ▼ -4.46 (-10.00%)
Al-Khair Gadoon / Dec 27 Al-Khair Gadoon Limited(AKGL)	41.71 ▼ -4.63 (-9.99%)
Leiner Pak Gelat / Dec 27 Leiner Pak Gelatine Limited(LPGL)	131 ▼ -14.19 (-9.77%)
Jauharabad Sug / Dec 27 Jauharabad Sugar Mills Limited(JSML)	21 ▼ -2.10 (-9.09%)
Aruj Industries / Dec 27 Aruj Industries Limited(ARUJ)	8.62 ▼ -0.86 (-9.07%)
First Imrooz Mod. / Dec 27 First Imrooz Modaraba(FIMM)	200.20 ▼ -19.80 (-9.00%)
MithchellsFruit / Dec 27 Mitchells Fruit Farms Limited(MFFL)	243 ▼ -23.05 (-8.66%)
Grays Leasing / Dec 27 Grays Leasing Limited(GRYL)	5.71 ▼ -0.48 (-7.75%)

Stock	Volume
Fauji Foods Ltd / Dec 27 Fauji Foods Limited(FFL)	104,369,036 ▲ 0.78
WorldCall Telecom / Dec 27 Worldcall Telecom Limited(WTL)	72,731,608 ▲ 0.00
TRG Pak Ltd / Dec 27 TRG Pakistan Limited(TRG)	46,907,628 ▲ 1.54
Cnergyico PK / Dec 27 Cnergyico PK Limited(CNERGY)	40,110,243 ▲ 0.30
Hascol Petrol / Dec 27 Hascol Petroleum Limited(HASCOL)	34,416,789 ▲ 0.06
B.O.Punjab / Dec 27 The Bank of Punjab(BOP)	30,318,392 ▲ 0.04
Ghani Chem. Ind. / Dec 27 Ghani Chemical Industries Limited(GCIL)	26,183,062 ▲ 0.50
Sui South Gas / Dec 27 Sui Southern Gas Company Limited(SSGC)	25,823,481 ▲ 3.11
Silk Bank Ltd / Dec 27 Silkbank Limited(SILK)	25,520,925 ▼ -0.08

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