News Archives for Print - 2010-12-03

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (December 02, 2010).

Published 03 Dec, 2010 12:00am

Imposition of RGST: zero-rated sectors warn of strike

The five zero-rated sectors including textile, leather, carpets, surgical and sports' goods warned on Thursday that they would go on strike, if the government withdraw zero-rating facility by imposing Reformed General Sales Tax (RGST).

Published 03 Dec, 2010 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (December 02, 2010).

Published 03 Dec, 2010 12:00am

Hydel generation: Irsa for levying one paisa per unit cess

The Indus River System Authority (Irsa) has recommended to the federal government to impose one paisa per unit surcharge on hydel power generation, official sources told Business Recorder . The authority forwarded a summary to the Ministry of Water

Published 03 Dec, 2010 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (December 02, 2010).

Published 03 Dec, 2010 12:00am

Hydel generation: Irsa for levying one paisa per unit cess

The Indus River System Authority (Irsa) has recommended to the federal government to impose one paisa per unit surcharge on hydel power generation, official sources told Business Recorder . The authority forwarded a summary to the Ministry of Water

Published 03 Dec, 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 Thursday (December 02, 2010).

Published 03 Dec, 2010 12:00am

Hydel generation: Irsa for levying one paisa per unit cess

The Indus River System Authority (Irsa) has recommended to the federal government to impose one paisa per unit surcharge on hydel power generation, official sources told Business Recorder . The authority forwarded a summary to the Ministry of Water

Published 03 Dec, 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 Thursday (December 02, 2010).

Published 03 Dec, 2010 12:00am

Plan to use naphtha for power generation hits a snag

The government''s plan to use naphtha for power generation hit a snag as refineries are not ready to give a firm commitment to set up Isomerization Plants for supply of fuel on long-term basis, sources in the Petroleum Ministry told Business Recorder</

Published 03 Dec, 2010 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (December 02, 2010).

Published 03 Dec, 2010 12:00am

Plan to use naphtha for power generation hits a snag

The government's plan to use naphtha for power generation hit a snag as refineries are not ready to give a firm commitment to set up Isomerization Plants for supply of fuel on long-term basis, sources in the Petroleum Ministry told Business Recorder</i
Published 03 Dec, 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 03 Dec, 2010 12:00am

Plan to use naphtha for power generation hits a snag

The government's plan to use naphtha for power generation hit a snag as refineries are not ready to give a firm commitment to set up Isomerization Plants for supply of fuel on long-term basis, sources in the Petroleum Ministry told Business Recorder</i
Published 03 Dec, 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 03 Dec, 2010 12:00am

Government says it has decided to withdraw amended NAB law

The Supreme Court was informed on Thursday that the government has decided to withdraw NAB Amendment Ordinance, 2010, which was promulgated by President Asif Ali Zardari. A three-member bench headed by Chief Justice Iftikhar Mohammad Chaudhry comprising J
Published 03 Dec, 2010 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (December 02, 2010).

Published 03 Dec, 2010 12:00am

Government says it has decided to withdraw amended NAB law

The Supreme Court was informed on Thursday that the government has decided to withdraw NAB Amendment Ordinance, 2010, which was promulgated by President Asif Ali Zardari. A three-member bench headed by Chief Justice Iftikhar Mohammad Chaudhry comprising J
Published 03 Dec, 2010 12:00am

New York cotton

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

Published 03 Dec, 2010 12:00am

Tempers rise over revelations

The United States on Wednesday faced a storm of anger from foreign governments who were scrutinised in leaked cables as President Barack Obama named an expert to start undoing the damage. Under pressure, Amazon booted activist website WikiLeaks from its s
Published 03 Dec, 2010 12:00am

New York cotton

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

Published 03 Dec, 2010 12:00am

Tempers rise over revelations

The United States on Wednesday faced a storm of anger from foreign governments who were scrutinised in leaked cables as President Barack Obama named an expert to start undoing the damage. Under pressure, Amazon booted activist website WikiLeaks from its s
Published 03 Dec, 2010 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 03 Dec, 2010 12:00am

CDC meeting today

Prime Minister Yousuf Raza Gilani on Thursday summoned the cabinet's Defence Committee for a meeting on Friday in view of the situation obtaining following the release of diplomatic cables by WikiLeaks Aaj News reported.
Published 03 Dec, 2010 12:00am

Sheikh Khalifa bin Zayed Al-Nahyan Hospital in Rawalakot, Pakistan inaugurated

Rawalakot, Pakistan, November 29th, 2010 - Pakistan Prime Minister Syed Yusuf Raza Gilani and UAE Health Minister Dr Hanif Hassan Ali inaugurated the Sheikh Khalifa Bin Zayed Al-Nahyan Hospital in Rawalakot, Azad Kashmir,140 kms north-east of Islamabad.
Published 03 Dec, 2010 12:00am

CDC meeting today

Prime Minister Yousuf Raza Gilani on Thursday summoned the cabinet's Defence Committee for a meeting on Friday in view of the situation obtaining following the release of diplomatic cables by WikiLeaks Aaj News reported.
Published 03 Dec, 2010 12:00am

UAE's Social Welfare Projects in Pakistan

The 39th anniversary of the National Day of the United Arab Emirates (UAE) which is celebrated on the second December is an opportunity to highlight the social welfare projects set up by the Founder of the modern United Arab Emirates late Sheikh Zayed bin
Published 03 Dec, 2010 12:00am

'Democracy should be given a chance to flourish in country'

Federal Minister for Labour and Manpower, Syed Khurshid Shah has stressed the need for continuity in the existing system of governance to give democracy a chance to flourish in the country. Chairing a session at the conference "Moving from Disasters to De
Published 03 Dec, 2010 12:00am

Pak-UAE Bilateral Relations

Pakistan and the United Arab Emirates have elevated their bilateral relations to higher levels at all political, economic and social levels, thanks to the dynamic leadership of both countries. The strong foundation of such privileged relations was laid by
Published 03 Dec, 2010 12:00am

Zardari sought UAE haven

Pakistan's president sought a pledge from the United Arab Emirates to allow his family long-term refuge _ as they did for his late wife if he died or was killed, according to a secret diplomatic cable released by WikiLeaks. Asif Ali Zardari's wife, former
Published 03 Dec, 2010 12:00am

UAE-An Innovation Driven Economy

Plans for the country's future growth have been laid out in a number of key documents, of which the most immediately relevant is the UAE Government Strategy 2011-2013, which was agreed following extensive consultations between Government ministries and ot
Published 03 Dec, 2010 12:00am

Zardari sought UAE haven

Pakistan's president sought a pledge from the United Arab Emirates to allow his family long-term refuge _ as they did for his late wife if he died or was killed, according to a secret diplomatic cable released by WikiLeaks. Asif Ali Zardari's wife, former
Published 03 Dec, 2010 12:00am

Message from Ambassador

The 2nd day of December marks an important event in the history of the UAE by all aspects. This blessed day will live in the memory of the loyal people of the UAE from one generation to another with the advent of the establishment of the Federation.
Published 03 Dec, 2010 12:00am

Clinton telephones Zardari

US Secretary of State Hillary Clinton telephoned President Asif Ali Zardari Thursday night. The two leaders talked about bilateral matters with reference to the release of memos and official correspondence by WikiLeaks.
Published 03 Dec, 2010 12:00am

Message from Vice President Prime Minister Ruler of Dubai

On February 11th, 2006 became the Prime Minister; the Council approved this nomination. Since becoming the Vice President, Prime Minister of the UAE, Ruler of Dubai, ground-breaking initiatives have been rolled out at an astonishing rate. Sheikh Mohammed
Published 03 Dec, 2010 12:00am

Clinton telephones Zardari

US Secretary of State Hillary Clinton telephoned President Asif Ali Zardari Thursday night. The two leaders talked about bilateral matters with reference to the release of memos and official correspondence by WikiLeaks.
Published 03 Dec, 2010 12:00am

Message from President of UAE

The 3rd of November corresponds with the sixth anniversary accession of the President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The Federal Supreme Council unanimously elected Sheikh Khalifa as the UAE President in a meeting held on November 3rd in
Published 03 Dec, 2010 12:00am

Assange faces new arrest warrant

Sweden said Thursday it would issue a fresh arrest warrant for WikiLeaks founder Julian Assange as new revelations from his website's expose of US diplomatic cables saw Russia branded a "mafia state". While the elusive whistleblower laid low, his British
Published 03 Dec, 2010 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 136,646 tonnes of cargo including 94,670 tonnes of import cargo, 41,976 tonnes of export cargo, 3,549 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 94,670 tonnes compri
Published 03 Dec, 2010 12:00am

Assange faces new arrest warrant

Sweden said Thursday it would issue a fresh arrest warrant for WikiLeaks founder Julian Assange as new revelations from his website's expose of US diplomatic cables saw Russia branded a "mafia state". While the elusive whistleblower laid low, his British
Published 03 Dec, 2010 12:00am

Russia 2011 winter grain output seen at 37.5 million tonnes

Russian winter grain output in 2011 may be 37.5 million tonnes, up from a drought-hit 32 million tonne crop in 2010 but down from the 45.3 million reaped in 2009, a leading analyst said on Wednesday. "Although in the main grain-growing regions the share o
Published 03 Dec, 2010 12:00am

WikiLeaks founder praises Israeli Prime Minister!

WikiLeaks founder Julian Assange has defended his disclosure of classified US documents by praising and singling out Israeli Prime Minister Benjamin Netanyahu as an example of a world leader who, according to him, believes the publications will aid global
Published 03 Dec, 2010 12:00am

HRW wheat bids mostly steady

Hard red winter wheat cash bids in the US Plains were mostly steady Thursday with posted bids more numerous. Protein premiums for railcar wheat to and through Kansas City jumped 4 cents a bushel for ordinary and 11.00 percent protein wheat and were up 3 c
Published 03 Dec, 2010 12:00am

WikiLeaks founder praises Israeli Prime Minister!

WikiLeaks founder Julian Assange has defended his disclosure of classified US documents by praising and singling out Israeli Prime Minister Benjamin Netanyahu as an example of a world leader who, according to him, believes the publications will aid global
Published 03 Dec, 2010 12:00am

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The December vaida that had closed at Rs 1178.00 commenced with no change at the same rate, dealers said. The January vaida which closed at Rs 1
Published 03 Dec, 2010 12:00am

FBR sees only 10-15 percent increase in refund claims

The Federal Board of Revenue has estimated an increase of only 10-15 percent in filing of general sales tax (GST) refund claims after withdrawal of exemptions under the RGST and new electronic refund payment system. Sources told Business Recorder h
Published 03 Dec, 2010 12:00am

Prices keep moving up further on cotton market

Prices were still on the higher side on the cotton market on Thursday during the hectic purchasing by the mills to meet the immediate needs, dealers said. The Karachi Cotton Association (KCA) spot rate was unchanged at Rs 8,800. Seed cotton prices were up
Published 03 Dec, 2010 12:00am

FBR sees only 10-15 percent increase in refund claims

The Federal Board of Revenue has estimated an increase of only 10-15 percent in filing of general sales tax (GST) refund claims after withdrawal of exemptions under the RGST and new electronic refund payment system. Sources told Business Recorder h
Published 03 Dec, 2010 12:00am

Kirana items mixed on Jodia Bazar

The trading in Kirana items ended mixed on Jodia Bazar here on Thursday. The following changes were noted.
Published 03 Dec, 2010 12:00am

FBR sees only 10-15 percent increase in refund claims

The Federal Board of Revenue has estimated an increase of only 10-15 percent in filing of general sales tax (GST) refund claims after withdrawal of exemptions under the RGST and new electronic refund payment system. Sources told Business Recorder h
Published 03 Dec, 2010 12:00am

Bajra prices sharply up on grain market

Bajra prices were sharply higher on the grain market on Thursday due to strong winter demand, dealers said. On the grams side bajra low type was up by Rs 150 to Rs 2600 and best quality rose by Rs 200 to Rs 2800, other items were unmoved in process of tra
Published 03 Dec, 2010 12:00am

FBR contests Aptma claim

Federal Board of Revenue Chairman Sohail Ahmed Thursday contested the claim of All Pakistan Textile Mills Association (Aptma) that planned RGST on six stages - from purchase of raw material to export of goods - would block textile refunds worth Rs 500 bil
Published 03 Dec, 2010 12:00am

Cotton prices tighten amidst continuing volatility

Following New York cotton futures (ICE) prices which had fallen from a crest of US Cents 157.23 per pound on November 10, 2010 to just 110.85 cents surrendering 46.38 cents per pound some days ago for the December 2010 contract, local lint prices also con
Published 03 Dec, 2010 12:00am

FBR contests Aptma claim

Federal Board of Revenue Chairman Sohail Ahmed Thursday contested the claim of All Pakistan Textile Mills Association (Aptma) that planned RGST on six stages - from purchase of raw material to export of goods - would block textile refunds worth Rs 500 bil
Published 03 Dec, 2010 12:00am

Cotton prices tighten amidst continuing volatility

Following New York cotton futures (ICE) prices which had fallen from a crest of US Cents 157.23 per pound on November 10, 2010 to just 110.85 cents surrendering 46.38 cents per pound some days ago for the December 2010 contract, local lint prices also con
Published 03 Dec, 2010 12:00am

FBR contests Aptma claim

Federal Board of Revenue Chairman Sohail Ahmed Thursday contested the claim of All Pakistan Textile Mills Association (Aptma) that planned RGST on six stages - from purchase of raw material to export of goods - would block textile refunds worth Rs 500 bil
Published 03 Dec, 2010 12:00am

Spain says crisis begs more fiscal integration

Spain insisted on Thursday it will not need to tap a rescue fund but Prime Minister Jose Luis Rodriguez Zapatero said the time has come for the eurozone to move towards a more integrated fiscal and economic policy. Spain is quickly moving into the eye of
Published 03 Dec, 2010 12:00am

Rs 500-600 billion corruption: allegation brushed aside

The Federal Board of Revenue team of tax managers headed by Sohail Ahmed on Thursday categorically brushed aside the notion of Rs 500-600 billion alleged corruption in the tax machinery and showed full confidence in the new sales tax refund system at the
Published 03 Dec, 2010 12:00am

TNT swerves capital hike in Mail-Express split

TNT NV said on Thursday it will keep a 29.9 percent stake in its Express unit once it is spun off from its Mail division in a bid to avoid raising funds, cheering investors who had feared a cash call. The move, details of which were announced in a capital
Published 03 Dec, 2010 12:00am

Rs 500-600 billion corruption: allegation brushed aside

The Federal Board of Revenue team of tax managers headed by Sohail Ahmed on Thursday categorically brushed aside the notion of Rs 500-600 billion alleged corruption in the tax machinery and showed full confidence in the new sales tax refund system at the
Published 03 Dec, 2010 12:00am

BoJ seen moving slowly to expand growth area scheme

The Bank of Japan needs more time to assess the effect of its loan scheme targeting growth industries, its deputy governor said, a day after a fellow board member signalled that it could be expanded as the bank battles Japan's entrenched deflation.
Published 03 Dec, 2010 12:00am

Rs 500-600 billion corruption: allegation brushed aside

The Federal Board of Revenue team of tax managers headed by Sohail Ahmed on Thursday categorically brushed aside the notion of Rs 500-600 billion alleged corruption in the tax machinery and showed full confidence in the new sales tax refund system at the
Published 03 Dec, 2010 12:00am

Swiss third quarter growth dips

Switzerland's economy slowed slightly in the third quarter as the strength of the Swiss franc hit exports, adding to the case for the Swiss central bank to keep interest rates low despite strong consumer spending. The State Secretariat for Economic Affair
Published 03 Dec, 2010 12:00am

Farmers say 15 percent GST to endanger food security

The farming community on Thursday warned that the proposal to impose 15 percent general sales tax (GST) on agri inputs, machinery and equipment at import/local stages would put additional burden of around Rs 50 billion on agriculture sector which would en
Published 03 Dec, 2010 12:00am

South East Asian stocks rise

Southeast Asian stocks rose on Thursday, regaining lost ground in active trade as hopes for a eurozone fiscal bail-out revived global sentiment, and appetite for palm oil shares rose due to the price outlook in the sector. The main Philippine share index
Published 03 Dec, 2010 12:00am

Farmers say 15 percent GST to endanger food security

The farming community on Thursday warned that the proposal to impose 15 percent general sales tax (GST) on agri inputs, machinery and equipment at import/local stages would put additional burden of around Rs 50 billion on agriculture sector which would en
Published 03 Dec, 2010 12:00am

Indian shares stay higher

Indian shares climbed 0.7 percent on Thursday, extending gains to a fourth day, on hopes robust economic growth would boost corporate earnings. Firm global markets also helped the upbeat sentiment. Financials rallied after the Indian cabinet decided to pu
Published 03 Dec, 2010 12:00am

Farmers say 15 percent GST to endanger food security

The farming community on Thursday warned that the proposal to impose 15 percent general sales tax (GST) on agri inputs, machinery and equipment at import/local stages would put additional burden of around Rs 50 billion on agriculture sector which would en
Published 03 Dec, 2010 12:00am

Thursday's midday trade: Wall Street gains

Wall Street rose on Thursday, led by banks and home builders after European lenders decided to continue a liquidity safety net for vulnerable banks and pending home sales data showed an unexpected jump in October. The KBW bank index shot up 2.9 percent, t
Published 03 Dec, 2010 12:00am

Ogra delays decision to raise gas tariff for SSGC, SNGPL

Oil and Gas Regulatory Authority (Ogra) on Thursday decided to delay the decision to raise gas tariff for Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipeline Limited (SNGPL) for two months till the completion of a study on tariff regime, which w
Published 03 Dec, 2010 12:00am

Dow, S&P post best one-day gains since September 1

The Dow and the S&P 500 scored their biggest gains in three months on Wednesday as efforts to resolve the EU's debt crisis helped push the S&P above 1,200, an important technical level that signals the potential for the rally to continue. The S&P 500 move
Published 03 Dec, 2010 12:00am

Ogra delays decision to raise gas tariff for SSGC, SNGPL

Oil and Gas Regulatory Authority (Ogra) on Thursday decided to delay the decision to raise gas tariff for Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipeline Limited (SNGPL) for two months till the completion of a study on tariff regime, which w
Published 03 Dec, 2010 12:00am

Taiwan stocks up

Taiwan shares closed 0.77 percent higher on Thursday, rising for second straight session, with semiconductor and banking issues leading on investor hopes for an improving earnings outlook. The main TAIEX share index rose 65.66 points to 8,585.77, extendin
Published 03 Dec, 2010 12:00am

Ogra delays decision to raise gas tariff for SSGC, SNGPL

Oil and Gas Regulatory Authority (Ogra) on Thursday decided to delay the decision to raise gas tariff for Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipeline Limited (SNGPL) for two months till the completion of a study on tariff regime, which w
Published 03 Dec, 2010 12:00am

Treasuries benchmark yields test three percent mark

US Treasuries skidded on Wednesday with benchmark yields testing the 3 percent mark, as solid economic data and speculation of more aid to weaker European nations cut demand for less risky government debt. Hopes of an improving global economy and addition
Published 03 Dec, 2010 12:00am

July-September LSM growth down 1.5 percent

Large Scale Manufacturing (LSM) growth has plunged by 1.5 percent during the first quarter of current fiscal year due to lower domestic demand and high cost of doing business. Economists say a number of factors including greater energy crisis, rise in inp
Published 03 Dec, 2010 12:00am

Treasuries benchmark yields test three percent mark

US Treasuries skidded on Wednesday with benchmark yields testing the 3 percent mark, as solid economic data and speculation of more aid to weaker European nations cut demand for less risky government debt. Hopes of an improving global economy and addition
Published 03 Dec, 2010 12:00am

July-September LSM growth down 1.5 percent

Large Scale Manufacturing (LSM) growth has plunged by 1.5 percent during the first quarter of current fiscal year due to lower domestic demand and high cost of doing business. Economists say a number of factors including greater energy crisis, rise in inp
Published 03 Dec, 2010 12:00am

Middle East markets: Zain drags on Kuwait index

Most Middle Eastern equity markets tracked global stocks higher on Thursday, with Egyptian stocks gaining as results from Amer Group boosted confidence in the country's housing sector. Kuwait's main index fell for a third straight session after a Zain sha
Published 03 Dec, 2010 12:00am

July-September LSM growth down 1.5 percent

Large Scale Manufacturing (LSM) growth has plunged by 1.5 percent during the first quarter of current fiscal year due to lower domestic demand and high cost of doing business. Economists say a number of factors including greater energy crisis, rise in inp
Published 03 Dec, 2010 12:00am

Shanghai, Hong Kong shares up

Shares in Shanghai and Hong Kong rose on Thursday, tracking gains in other Asian markets after a spate of encouraging global economic data and as a funding squeeze in China eased. Strong manufacturing reports from China and the United States on Wednesday
Published 03 Dec, 2010 12:00am

China to help execute $13.2 billion projects: 14th session of JEC held

China on Thursday agreed to extend co-operation in 36 development projects worth $13.2 billion related to industry, water, energy, agriculture, fisheries and communication to boost economic activity in flood-hit areas of Pakistan.
Published 03 Dec, 2010 12:00am

Nikkei average jumps

Japan's Nikkei average jumped almost 2 percent and at one point hit a fresh five-month high on Thursday, encouraged by strong US economic data, a softer yen and hopes of steps in Europe to ease the sovereign debt crisis. US private-sector payrolls achieve
Published 03 Dec, 2010 12:00am

China to help execute $13.2 billion projects: 14th session of JEC held

China on Thursday agreed to extend co-operation in 36 development projects worth $13.2 billion related to industry, water, energy, agriculture, fisheries and communication to boost economic activity in flood-hit areas of Pakistan.
Published 03 Dec, 2010 12:00am

Seoul shares soar

Seoul shares ended higher on Thursday after solid gains on Wall Street, and as efforts to resolve the EU's debt crisis and strong Chinese factory data lifted investor sentiment. The Korea Composite Stock Price Index ended up 1.09 percent at 1,950.26 point
Published 03 Dec, 2010 12:00am

China to help execute $13.2 billion projects: 14th session of JEC held

China on Thursday agreed to extend co-operation in 36 development projects worth $13.2 billion related to industry, water, energy, agriculture, fisheries and communication to boost economic activity in flood-hit areas of Pakistan.
Published 03 Dec, 2010 12:00am

European shares hit two-week high

European equities hit a two-week closing high on Thursday on reports that the European Central Bank had bought eurozone bonds and as data showed and unexpected surge in US home sales in October. The FTSEurofirst 300 index of top European shares finished 1
Published 03 Dec, 2010 12:00am

FTSE strides higher

Banks and commodity stocks powered strong gains for Britain's top share index by close on Thursday, on increasing optimism about the global economy and investor confidence that the eurozone debt crisis would be contained. The FTSE 100 index ended up 125.0
Published 03 Dec, 2010 12:00am

Yuan rises

China's yuan closed up slightly against the dollar on Thursday after the People's Bank of China set a higher mid-point, indicating the central bank was letting the dollar's performance guide the Chinese currency's movements. The PBOC appears to be letting
Published 03 Dec, 2010 12:00am

Sterling slips versus euro

Sterling slipped against a firmer euro on Thursday as traders cited the ECB buying Portuguese and Irish debt, helping to calm jitters over the eurozone periphery and lend support the ailing single currency. Traders said sterling price action continued to
Published 03 Dec, 2010 12:00am

Euro pauses in Asia

The euro sat tight after surging higher the previous day, as investors waited to see if European Central Bank policy makers meeting later on Thursday would take any measures to alleviate worries over eurozone debt. The euro posted its biggest one-day rise
Published 03 Dec, 2010 12:00am

Euro stays up in London

The euro held firm on Thursday after rising the previous day as investors waited to see if the European Central Bank would take more steps to calm euro debt concerns, but could fall again if the central bank disappoints. The euro offered limited reaction
Published 03 Dec, 2010 12:00am

Midday trade in New York: euro rallies

The euro gained in volatile trading on Thursday, boosted by reports the ECB was buying bonds, but uncertainty over the outlook for peripheral euro zone countries should keep the currency under pressure. Reports the European Central Bank was buying Portugu
Published 03 Dec, 2010 12:00am

Euro snaps three-day drop

The euro rallied on Wednesday, snapping a three-day decline, on speculation the European Central Bank may take bold steps to ease the region's debt crisis at a meeting on Thursday. The eurozone single currency remained vulnerable, however, given persisten
Published 03 Dec, 2010 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 70.48/70.50 (previous 70.44/70.47). Call Money Rates: 5.50-24.00 percent (previous 5.00-20.00 percent).
Published 03 Dec, 2010 12:00am

Swiss franc flat versus euro

The Swiss franc trod water versus the euro in early trading on Thursday, off the multi-week peak hit earlier this week with market participants slightly less risk averse ahead of a European Central Bank meeting. Investors are speculating the European Cent
Published 03 Dec, 2010 12:00am

Australian dollar tumbles

The Australian dollar lost about a third of a US cent on Thursday after October retail sales unexpectedly fell, denting hopes for a strong economic revival in the fourth quarter. The Australian dollar was soft at $0.9637, after falling as far as $0.9621.
Published 03 Dec, 2010 12:00am

Indian rupee surges

The Indian rupee edged higher on Thursday, a day after it posted its best single-day rise in two months, as gains in local shares and the euro were offset by demand for the US unit from importers, including oil firms. The partially convertible rupee ended
Published 03 Dec, 2010 12:00am

Won, rupiah rise

The South Korean won edged higher on Thursday, reflecting increased appetite for risky assets on the back of market speculation that the European Central Bank may take steps to quell the eurozone's debt crisis. The dollar dipped against the South Korean w
Published 03 Dec, 2010 12:00am

Markets price in lower interbank rates after ECB

Markets priced in expectations interbank rates would stay lower for longer after the European Central Bank on Thursday slowed its withdrawal of extraordinary support for the banking sector. Euribor futures rose after the announcement, implying rate expect
Published 03 Dec, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / Oct 4	277.65
USD PKR Interbank Buying / Oct 4	277.45
USD to Japanese Yen / Oct 5	148.70
USD to Swiss Franc / Oct 5	0.86
Pound Sterling to USD / Oct 5	1.31
Euro to USD / Oct 5	1.10

Stock	Volume
S&P 500 / Oct 5	5,751.07
India Sensex / Oct 5	81,688.45
Tokyo Nikkei / Oct 5	38,635.62
Nasdaq / Oct 5	18,137.85
Hang Seng / Oct 5	22,736.87
FTSE 100 / Oct 5	8,280.63
Dow Jones / Oct 5	42,352.75
Germany DAX 30 / Oct 5	19,120.93

Item	Value
Crude Oil USD/Barrel / Oct 5	74.38
Karachi Cotton PKR/37.32 KG / Oct 5	18,285
Gold 10 Grams PKR / Oct 5	237,401.20
Gold Spot USD/Ounce / Oct 5	2,653.60
Cotton US¢/pound / Oct 5	73.27
Petrol/Litre / Oct 6	247.03

Stock	Price
786 Invest Ltd / Oct 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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