News Archives for Print - 2011-05-02

The Weather

The weather report on Sunday (May 01, 2011) and the forecast for Monday (May 02, 2011).

Published 02 May, 2011 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2010)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 02 May, 2011 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 25 to 30, 2011)

Published 02 May, 2011 12:00am

Refinery: PAKISTAN REFINERY LIMITED - Analysis of Financial Statements June 2009 - March 2011

Incorporated in 1960, Pakistan Refinery Limited (PRL) is situated in Karachi and engaged in the production and sales of petroleum energy products as well as MTT, its only non-energy product. Its operations encompass extensive installations in Refinery Pre

Published 02 May, 2011 12:00am

Refinery: PAKISTAN REFINERY LIMITED - Analysis of Financial Statements June 2009 - March 2011

Incorporated in 1960, Pakistan Refinery Limited (PRL) is situated in Karachi and engaged in the production and sales of petroleum energy products as well as MTT, its only non-energy product. Its operations encompass extensive installations in Refinery Pre

Published 02 May, 2011 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 02 May, 2011 12:00am

Imran threatens next sit-in in Karachi

Chairman Pakistan Tehreek-e-Insaaf (PTI) Imran Khan has said that if another drone attack takes place then he will stage a sit-in in Karachi, Aaj News reported Sunday. The Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan while addressing a gathering in Kea

Published 02 May, 2011 12:00am

Imran threatens next sit-in in Karachi

Chairman Pakistan Tehreek-e-Insaaf (PTI) Imran Khan has said that if another drone attack takes place then he will stage a sit-in in Karachi, Aaj News reported Sunday. The Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan while addressing a gathering in Kea

Published 02 May, 2011 12:00am

US mulls making more firms pay corporate tax

The Obama administration is considering a plan to force more businesses to pay the corporate income tax, an industry group said, in an overhaul package that could be unveiled as early as this month. Under the proposal, entities with more than $50 million

Published 02 May, 2011 12:00am

US mulls making more firms pay corporate tax

The Obama administration is considering a plan to force more businesses to pay the corporate income tax, an industry group said, in an overhaul package that could be unveiled as early as this month. Under the proposal, entities with more than $50 million

Published 02 May, 2011 12:00am

US mulls making more firms pay corporate tax

The Obama administration is considering a plan to force more businesses to pay the corporate income tax, an industry group said, in an overhaul package that could be unveiled as early as this month. Under the proposal, entities with more than $50 million

Published 02 May, 2011 12:00am

Karachi remains shut on MQM's mourning day: vehicles torched in various areas

The city remained completely closed on Sunday as Muttahida Qaumi Movement (MQM) observed mourning day against the killing of its leader, former MPA Liaquat Qureshi. During the day, about a dozen vehicles were burnt by arsonists and at least two commuters

Published 02 May, 2011 12:00am

Karachi remains shut on MQM's mourning day: vehicles torched in various areas

The city remained completely closed on Sunday as Muttahida Qaumi Movement (MQM) observed mourning day against the killing of its leader, former MPA Liaquat Qureshi. During the day, about a dozen vehicles were burnt by arsonists and at least two commuters

Published 02 May, 2011 12:00am

Colombian rebels bomb oil pipeline, exports unaffected

Colombian rebels bombed an oil pipeline and paralysed 80,000 barrels per day of crude transport but exports from Latin America's No. 4 oil producer were not affected, the state energy company Ecopetrol said on Sunday.

Published 02 May, 2011 12:00am

Colombian rebels bomb oil pipeline, exports unaffected

Colombian rebels bombed an oil pipeline and paralysed 80,000 barrels per day of crude transport but exports from Latin America's No. 4 oil producer were not affected, the state energy company Ecopetrol said on Sunday.

Published 02 May, 2011 12:00am

MQM versus PML-Q

Despite similarities in the politics of MQM and PML-Q during Musharraf's regime, it is becoming clear that the policies of the two parties are taking dissimilar paths. This is visible by MQM's stand on rejecting ministerial slots after rejoining the PPP;

Published 02 May, 2011 12:00am

All-women army unit lures 'red' tourists in China

Sitting between two of her sons, frail and wrinkled Pan Xianying does not at first glance look like a tourist attraction. But the mother of seven, now nearly a century old, is one of three remaining members of a famed Communist all-women army unit in Chin

Published 02 May, 2011 12:00am

MoF offers to settle circular debt

Circular debt was passed on by Pervez Musharraf's financial team that was also responsible for planting the seeds of government borrowing. When the PPP government took-over, they faced a mammoth left-over amount in the shape of government borrowing, which

Published 02 May, 2011 12:00am

The President proposes a charter of economy!

The latest exhortation by the President to a visiting business delegation (comprising chief operating officers of around 30 of the biggest industrial units in the country) was to prepare a "charter of economy" in consultation with all political parties. T

Published 02 May, 2011 12:00am

Palestinian reconciliation

In a much welcome development last week Fatah and Hamas struck a deal to form an interim government and fix a date for general elections. A joint statement later said "the consultations resulted in full understanding on all points of discussion" and that

Published 02 May, 2011 12:00am

Tax on banking companies and their clients

A variety of tax proposals are reported to be under consideration of the Ministry of Finance for the Federal Budget to be presented in the last week of this month. One of them is to generate higher level of revenues by enhancing the income tax rate on ban

Published 02 May, 2011 12:00am

Equal rights, salaries' raise for labourers demanded

Labour organisations here Sunday commemorated World Labour Day through staging rallies to pay homage to the martyrs of Chicago with resolve to continue struggle for the rights of labourers in the country.

Published 02 May, 2011 12:00am

Mirwaiz urges India to give up stubbornness

Chairman of All Parties Hurriyat Conference, Mirwaiz Umar Farooq has urged India to give up its stubbornness and show seriousness in resolving Kashmir dispute in accordance with Kashmiris' aspirations. APHC chairman, in an interview in Occupied Srinagar,

Published 02 May, 2011 12:00am

'Struggle for rights of labourers to continue'

Various labour unions and organisations Sunday organised rallies to support the cause of labourers and paid rich tributes to the martyrs of Chicago, who laid their lives for the rights of labourers. Hundreds of labourers gathered at Karachi Press Club (KP

Published 02 May, 2011 12:00am

Informal sector: government asked to provide social protection to women

"Pakistan's informal sector has grown about 20 percent in the last one decade, giving rise to exploitation of poor workers, especially home-based women workers by the business class. The informal sector workers are invisible, highly vulnerable and at the

Published 02 May, 2011 12:00am

Reasonable salaries for young doctors demanded

Central Secretary, Labour National Party, former MPA Rehmat Ali Baloch while supporting genuine demands of young doctors of Balochistan has said that keeping in view 75 percent backward population of the province, they should be given salaries equal to th

Published 02 May, 2011 12:00am

Rally demands better social security system

Pakistan Workers Federation on Sunday held a peaceful Labour rally and demanded better social security and wages for workers, restoration of labour laws, and end to privatisation.

Published 02 May, 2011 12:00am

'Government working to resolve workers' issues'

Federal Minister for Information and Broadcasting, Dr Firdous Ashiq Awan has said that the Pakistan Peoples Party (PPP) is striving devotedly for the rights and welfare of workers since its inception, as during the seventies, it initiated various pro-labo

Published 02 May, 2011 12:00am

Labour Day observed in AJK

Like other parts of the world, the Labour Day was observed across Azad Jammu and Kashmir on Sunday to pay glorious tributes to those workers who laid down their lives for the achievement of their rights, 125 years ago in Chicago, USA.

Published 02 May, 2011 12:00am

Rallies in Multan to observe Labour Day

More than 2000 male and female labourers on Sunday observed the International Labour Day on May 1 in Multan, to pay homage to the Chicago martyrs, who laid down their lives during the historic struggle of workers in Chicago in 1886, for an eight-hour work

Published 02 May, 2011 12:00am

Rallies, demonstrations mark Labour Day

The working class all over the country commemorated May 1, ie, International Labour Day with great fervour holding rallies and demonstrations and taking out processions in major cities, including Lahore. In provincial capital of Punjab, the main processio

Published 02 May, 2011 12:00am

Hike in POL prices first gift of new alliance: JI chief

Jamaat-e-Islami chief, Syed Munawar Hasan, has said that the fresh raise in the POL prices was the first gift of the new ruling alliance to the masses. Addressing an Azm-e-Inqilab Conference on Sunday, he said that the POL prices had now crossed the prove

Published 02 May, 2011 12:00am

Chaudhry League is B-team of PPP government: Saifullah

President of Pakistan Muslim League and chairman of Senate Standing Committee on Foreign Affairs Salim Saifullah Khan while addressing a press conference at PML House here on Sunday said that the "unholy alliance of PPP and PML (Chaudhry League)" has comp

Published 02 May, 2011 12:00am

Khosa to inaugurate housing project

Governor Punjab Latif Khosa will inaugurate Al-Mustafa Housing Project and distribute the keys among the flood victim families at Tibbi Nizam, Gurmani Town District Muzaffargarh on Monday (today). Chairman Al-Mustafa Welfare Trust International UK, Abdul

Published 02 May, 2011 12:00am

'PPP collecting hotchpotch to save its government'

Jamaat- e- Islami Secretary General, Liaquat Baloch, has said the PPP was collecting hotchpotch to save its government while the so called opposition that had supported all government policies during the last three years was still pursuing its agenda of l

Published 02 May, 2011 12:00am

PPP has a good track record with its coalition partners, says Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Sunday said that the PPP has a good track record with all its coalition partners. He was talking to media persons after visiting the house of Mian Aamir Mahmood, former Lahore District Nazim, to condole his mother

Published 02 May, 2011 12:00am

Some commodities' prices turn higher, others keep in line with global trend

Wheat, gur, moong, urad, white and black pepper, mace soared on the commodity wholesale markets during the week ended on April 30, 2011, with other items remaining unmoved in line with global trend.

Published 02 May, 2011 12:00am

Business volume remains low on domestic market despite prices down trend, drastic cut in spot rate

Lifting on cotton market seen in low pace despite consumers keep hoping prices to turn lower and lower, spot rate slashed by Rs 1000 to Rs 9500 during the week ending on April 29, 2011. Surprising sharp recovery witnessed on US cotton market on last day o

Published 02 May, 2011 12:00am

Business volume remains low on domestic market despite prices down trend, drastic cut in spot rate

Lifting on cotton market seen in low pace despite consumers keep hoping prices to turn lower and lower, spot rate slashed by Rs 1000 to Rs 9500 during the week ending on April 29, 2011. Surprising sharp recovery witnessed on US cotton market on last day o

Published 02 May, 2011 12:00am

Simple test helps spot autism in infants: study

A five-minute screening test could help detect autism in babies at 12 months of age, giving parents and doctors far more time to intervene, US researchers said on April 28. The study is the first to show that a simple screening tool could be used to detec

Published 02 May, 2011 12:00am

'Morning heart attacks are more serious'

Heart attacks that occur in the morning are likely to be more serious than attacks at other times of the day, a specialist journal reported on April 27. Spanish researchers looked at data from 811 patients who had been admitted to a Madrid clinic with a m

Published 02 May, 2011 12:00am

Tuberculosis study points to drugs to halt lung destruction

Scientists have identified a key enzyme responsible for destroying lung tissue in tuberculosis (TB) and say the finding could lead swiftly to new treatments for the highly infectious disease.

Published 02 May, 2011 12:00am

Weight loss surgery makes diabetes disappear

Weight loss surgery appears to change the body's metabolism in a way that dieting alone cannot, helping to explain why diabetes often disappears after the surgery even before much weight is lost, US researchers said on April 27. Understanding how gastric

Published 02 May, 2011 12:00am

Low vitamin D levels linked to diabetes risk

Lower levels of vitamin D circulating in the bloodstream are tied to a higher risk of developing diabetes in a new study of Australian adults. After following more than 5,000 people for 5 years, the researchers found those with lower than average vitamin

Published 02 May, 2011 12:00am

Rising seas scariest climate impact

Sea level rise is the "most terrifying" impact of climate change and rich countries are showing scant leadership in addressing the threats, the incoming chair of a UN alliance of small island states said on April 26.

Published 02 May, 2011 12:00am

Viewdle lets Android smartphones recognise friends

Northern California start-up Viewdle on April 27 released software that lets Android-powered smartphones recognise people's faces. The free SocialCamera application available at the Android Market or online at viewdle.com/products/mobile was billed as the

Published 02 May, 2011 12:00am

Apple, Google asked to testify on mobile privacy

US lawmakers have invited Apple and Google to attend a hearing on privacy next month following claims the iPhone and Android devices regularly track a user's location and stores the data. A Florida lawyer filed a lawsuit meanwhile against Apple on behalf

Published 02 May, 2011 12:00am

Barnes & Noble improves Nook Colour to take on iPad

Barnes & Noble Inc introduced new features to its Nook Colour e-reader designed to make the device more competitive with Apple Inc's iPad and to offer more functions that Amazon.com Inc's Kindle does not.

Published 02 May, 2011 12:00am

Samsung challenges Apple with new Smartphone

South Korea's Samsung Electronics on April 28 showcased an updated version of its Galaxy S smartphone designed to compete against rivals such as Apple amid a legal battle with the US giant. The world's second-largest mobile phone maker aims to sell at lea

Published 02 May, 2011 12:00am

Facebook adds 'Send' button

Facebook on April 25 began letting members of cozy cliques formed at the social networking service share website links or photo albums without all their friends knowing about it. A "Send" button that lets people share website links with selected cadres in

Published 02 May, 2011 12:00am

Software helps parents oversee children on Facebook

Internet security firm Check Point on April 26 launched software that lets parents watch over offspring on Facebook without being "friends" at the online social network. ZoneAlarm SocialGuard alerts parents to signs of trouble in a child's Facebook accoun

Published 02 May, 2011 12:00am

White iPhone finally goes on sale

The long-awaited white model of the iPhone 4 is finally available, nearly a year behind schedule. Apple said April 27 that white iPhone 4s can be bought through Apple's online store starting Thursday or at Apple stores and authorized retailers.

Published 02 May, 2011 12:00am

Yahoo! sells Delicious to YouTube founders

Yahoo! on April 27 sold Delicious to YouTube founders Chad Hurley and Steve Chen, who promised to continue and grow the popular social bookmarking site. Hurley and Chen, who sold YouTube to Google for $1.65 billion in 2006, said they planned to integrate

Published 02 May, 2011 12:00am

Hackers swiped PlayStation Network user data: Sony

Sony on April 26 warned that hackers stole password, birthday and other data about users of its PlayStation Network that connected PlayStation 3 (PS3) consoles to online games, films and more. PlayStation Network and Qriocity streaming music service were

Published 02 May, 2011 12:00am

Google to correct map highlighting Rio slums

Internet giant Google has agreed to redo its online map of Rio de Janeiro within a year after being criticised for giving undue prominence to the Brazilian city's notorious favelas. "Google never intended to defame Rio," Google's director of communication

Published 02 May, 2011 12:00am

Sharp profits surge, forecast delayed

Japan's Sharp Corp said on April 27 its net profit more than quadrupled last year on brisk electronics sales but warned of a severe business climate following the March 11 quake disaster. Sharp held off on releasing its outlook for the year to March 2012,

Published 02 May, 2011 12:00am

Deutsche Bank posts shining quarterly profit

Germany's biggest private bank, Deutsche Bank, posted on April 26 its second-best quarterly profit ever owing to strategic acquisitions and investment banking activities. Net profit in the first three months of the year climbed to 2.1 billion euros ($3.1

Published 02 May, 2011 12:00am

Deutsche Bank posts shining quarterly profit

Germany's biggest private bank, Deutsche Bank, posted on April 26 its second-best quarterly profit ever owing to strategic acquisitions and investment banking activities. Net profit in the first three months of the year climbed to 2.1 billion euros ($3.1

Published 02 May, 2011 12:00am

GE sees SE Asia sales rising, to invest $1 billion

General Electric Co, the largest US conglomerate, sees revenues from Southeast Asia rising as much as 30 percent this year and expects investment in the region of at least $1 billion in the next three years.

Published 02 May, 2011 12:00am

GE sees SE Asia sales rising, to invest $1 billion

General Electric Co, the largest US conglomerate, sees revenues from Southeast Asia rising as much as 30 percent this year and expects investment in the region of at least $1 billion in the next three years.

Published 02 May, 2011 12:00am

Lehman to start Aurora bank auction by June

Lehman Brothers Holdings Inc is expected to begin the sale process for Aurora Bank, worth around $850 million, by June as the bankrupt firm sells off pieces of itself to pay off creditors, sources familiar with the situation said. Investment banks KBW Inc

Published 02 May, 2011 12:00am

Nintendo 3DS sales drop

Nintendo President Satoru Iwata said on April 26 sales of its new 3DS handheld game player had been weaker than expected in the US and Europe, as well as in Japan where the quake hit consumer sentiment. The 3DS, the world's first video game console with a

Published 02 May, 2011 12:00am

Nintendo 3DS sales drop

Nintendo President Satoru Iwata said on April 26 sales of its new 3DS handheld game player had been weaker than expected in the US and Europe, as well as in Japan where the quake hit consumer sentiment. The 3DS, the world's first video game console with a

Published 02 May, 2011 12:00am

Volvo net profit rises on strong sales

Sweden's Volvo Group, the world's second-largest truck maker, posted better-than-expected first-quarter earnings on April 27 thanks to increased sales, but warned the disaster in Japan could impact its second quarter.

Published 02 May, 2011 12:00am

Volvo net profit rises on strong sales

Sweden's Volvo Group, the world's second-largest truck maker, posted better-than-expected first-quarter earnings on April 27 thanks to increased sales, but warned the disaster in Japan could impact its second quarter.

Published 02 May, 2011 12:00am

P&G net profit jumps 11 percent

US consumer products giant Procter & Gamble on April 28 said net profit rose 11 percent in its third quarter as sales increased in all its regions around the world. The maker of Crest toothpaste, Braun shavers, Tide laundry detergent and other major consu

Published 02 May, 2011 12:00am

P&G net profit jumps 11 percent

US consumer products giant Procter & Gamble on April 28 said net profit rose 11 percent in its third quarter as sales increased in all its regions around the world. The maker of Crest toothpaste, Braun shavers, Tide laundry detergent and other major consu

Published 02 May, 2011 12:00am

Emirates to spend $10 billion to expand fleet

Emirates, the Arab world's largest airline, will spend about $10 billion a year to fund its fleet expansion over three years but is not under pressure to tap the bond market, a senior official said. The Dubai government-owned carrier, which expects to rec

Published 02 May, 2011 12:00am

Barclays bank profits fall in first quarter

British bank Barclays said on April 28 that net profits dipped slightly in the first quarter, as turnover sank at its investment banking division Barclays Capital. Earnings after taxation fell five percent to £1.012 billion ($1.67 billion, 1.14 billion eu

Published 02 May, 2011 12:00am

Wozniacki, Sharapova off to winning Madrid starts

Top seed Caroline Wozniacki began her campaign at the ATP-WTA Madrid Masters on Sunday with a 6-2, 6-3 defeat of Japan's Ayumi Morita while two Grand Slam champions, Maria Sharapova and Francesca Schiavone also went through.

Published 02 May, 2011 12:00am

Taylor powers Rajasthan to victory

Ross Taylor hit a crucial 47 not out to steer Rajasthan Royals to a thrilling six-wicket win over Pune Warriors in an Indian Premier League match on Sunday. The New Zealander cracked two sixes and four boundaries in his 35-ball knock as Shane Warne's Raja

Published 02 May, 2011 12:00am

Pakistan look to pile on misery for West Indies

Pakistan will look to stay on track for a series sweep when they face West Indies in the fourth one-day international on Monday (today) at Kensington Oval but skipper Shahid Afridi has warned his team over complacency. The Pakistanis hold an unbeatable 3-

Published 02 May, 2011 12:00am

Djokovic downs Lopez to win Serbia Open

Novak Djokovic won the Serbia Open without dropping a set after beating Spaniard Feliciano Lopez 7-6 6-2 in Sunday's final to stretch his unbeaten record in 2011 to 27 matches. It was the 23-year-old Serb's fifth title this year, after he captured the Aus

Published 02 May, 2011 12:00am

PCB to raise Sutherland issue at ICC annual meeting

Irked by a lack of response from the International Cricket Council (ICC) over its complaint against Cricket Australia (CA) chief executive James Sutherland, the Pakistan Cricket Board (PCB) is planning to raise the issue at the apex body's annual meeting

Published 02 May, 2011 12:00am

Japan's Olympic champ Ishii reigns in US

Olympic judo heavyweight champion Satoshi Ishii, now a mixed martial arts fighter, has swept all before him in his return to the sport at the US national championships. The 24-year-old Japanese won the open-class title in a field of 13, none of them world

Published 02 May, 2011 12:00am

Arsenal sink Manchester United

Arsenal's Aaron Ramsey blew the Premier League title race wide open as his second-half goal clinched a 1-0 win over leaders Manchester United on Sunday.

Published 02 May, 2011 12:00am

Lee downs Gade to win Indian Open

World number one Lee Chong Wei of Malaysia overcame a spirited challenge from Danish ace Peter Gade to clinch the Indian Open Super Series men's singles title on Sunday. In the women's singles, Thailand's unseeded 19-year-old Porntip Buranaprasertsuk pull

Published 02 May, 2011 12:00am

Westwood wins Ballantine's Championship

Lee Westwood won the Ballantine's Championship on Sunday with a flawless final round of golf to retain his position as world number one. The Englishman proved his class at the Blackstone Golf Club near Seoul, carding five birdies on his way to a superb la

Published 02 May, 2011 12:00am

Russia's Davydenko wins Munich final

Russia's Nikolay Davydenko won Munich's ATP tournament for the second time in his career with a 6-3, 3-6, 6-1 victory over Germany's Florian Mayer on Sunday. Davydenko, who last won the clay-court tournament in Munich in 2004, blasted down seven aces, fou

Published 02 May, 2011 12:00am

Aisam, Rohan crash out of Estoril Open

Pakistan's ace tennis player Aisal-ul-Haq Qureshi and his Indian counterpart Rohan Bopanna crashed out of the Estoril Open, underway at Estoril (Portugal), after losing in straight sets to America's Eric Butorac and Rojer Jean-Julien of Netherlands Antill

Published 02 May, 2011 12:00am

Kenya raises minimum wage by 12.5 percent as prices jump

Kenya's Labour Minister on Sunday said he had raised the minimum wage by 12.5 percent to help people cope with soaring prices, well below the sharp increase demanded by unions who have threatened strikes. Rising food and fuel prices have sparked protests

Published 02 May, 2011 12:00am

Hong Kong ushers in minimum wage

Hong Kong's first minimum wage came into effect Sunday amid rising public anger over sky-high rents and a growing income gap in the international financial hub. The controversial pay floor, which divided business and labour groups for years, requires empl

Published 02 May, 2011 12:00am

As profits surge, Europe's carmakers rev up global ambitions

Two years after a world economic downturn all but wiped them out, European carmakers have bounced back to the spotlight with Volkswagen aiming to be the industry leader and Fiat carving out a global brand for itself.

Published 02 May, 2011 12:00am

Australian budget will lead to 500,000 jobs in two years

Australia's upcoming budget will predict the creation of 500,000 new jobs in two years, Treasurer Wayne Swan wrote in a regular economic note issued on Sunday. Swan said that the May 10 budget, which covers the fiscal year from July 2011 to June 2012, "wi

Published 02 May, 2011 12:00am

South Korea's exports soar

South Korean exports rose more than expected to a record amount in April but imports far missed market expectations on a persistent slump in domestic demand that has emerged as a risk to Asia's fourth-largest economy.

Published 02 May, 2011 12:00am

China manufacturing growth slows in April, hit by tightening

China's manufacturing growth slowed in April, a survey showed on Sunday, suggesting that the government's tightening efforts have weighed on the world's second-largest economy more heavily than expected. The official purchasing managers' index for China f

Published 02 May, 2011 12:00am

Dubai regulator fines US firm

E*Trade Financial Corp has been fined $200,000 by a regulator in the United Arab Emirates for breaching anti-money laundering controls, the local regulator said on Sunday.

Published 02 May, 2011 12:00am

Saudi Arabia lifts April oil output to 8.5 million barrels per day

Saudi Arabia's crude oil output edged back up in April to around 8.5 million barrels per day (bpd) from roughly 8.3 million bpd in March as demand picks up, Saudi-based industry sources said on Sunday.

Published 02 May, 2011 12:00am

Sony to resume some PlayStation services

Sony said it would resume some services on its PlayStation Network this week and offer incentives to customers to try to prevent them turning to competitors after the theft of personal information belonging to 78 million user accounts. Top Sony executives

Published 02 May, 2011 12:00am

DIFC Investments makes further loss; to sell assets

DIFC Investments (DIFCI), the investment arm of the firm that runs Dubai's financial free zone, posted a further loss on Sunday, weighed on by its property portfolio, and said it plans to sell assets this year, including financial software firm SmartStrea

Published 02 May, 2011 12:00am

DIFC Investments makes further loss; to sell assets

DIFC Investments (DIFCI), the investment arm of the firm that runs Dubai's financial free zone, posted a further loss on Sunday, weighed on by its property portfolio, and said it plans to sell assets this year, including financial software firm SmartStrea

Published 02 May, 2011 12:00am

Swiss minister eyes German tax deal soon

Switzerland could reach a taxation deal with Germany this summer, Swiss Finance Minister Eveline Widmer-Schlumpf was quoted as saying in an interview with Swiss newspaper Sonnta-gsZeitung on Sunday. Last year Switzerland and Germany agreed the outlines of

Published 02 May, 2011 12:00am

Bulgarians protest over economy

Hundreds of Bulgarians urged the government to resign on Sunday over its failure to cope with the economic crisis in the European Union's poorest country at a protest in capital Sofia. About 2,000 people chanted "Resign" at the second rally staged by the

Published 02 May, 2011 12:00am

Chavez asks central bank to lower reserve amount

President Hugo Chavez asked Venezuela's central bank on Saturday to lower by at least two percent the reserve amount other banks must deposit with the institution so they can help fund more home-building. Speaking at the launch of the "Gran Mision Viviend

Published 02 May, 2011 12:00am

Carry traders flee zero-yield dollar in emerging forex rush

Central banks across the developing world are signalling a retreat in the global currency wars, encouraging investors to flee the zero-yield dollar for emerging currencies even though the US money-printing exercise is approaching its end.

Published 02 May, 2011 12:00am

Investors may slowly unload TEPCO bonds

Holders of corporate bonds issued by Tokyo Electric Power , the operator of Japan's stricken nuclear plant, see little chance of default but may try to gradually unload them when the market returns to an even keel.

Published 02 May, 2011 12:00am

Investors may slowly unload TEPCO bonds

Holders of corporate bonds issued by Tokyo Electric Power , the operator of Japan's stricken nuclear plant, see little chance of default but may try to gradually unload them when the market returns to an even keel.

Published 02 May, 2011 12:00am

Tequila owner mulling Diageo share deal

Juan Beckmann could become the biggest shareholder in British drinks group Diageo under a proposal to sell his Jose Cuervo tequila business in return for shares, the Sunday Times newspaper said. Analysts have said that Diageo is best placed to buy Jose Cu

Published 02 May, 2011 12:00am

Tokyo market to take breather for holidays

Tokyo stock market is expected to take a breather in the coming week as Japan goes into its Golden Week holiday week, a series of national holidays that will start Friday, analysts said. The market will open only on Monday and Friday next week, with many

Published 02 May, 2011 12:00am

Wall Street Weekahead: sell in May and go away? Not so fast

April 29 (Reuters) - Major US stock indexes are at multi-year highs but Wall Street does not seem to be running out of steam, not just yet. Robust corporate earnings and the Federal Reserve's promise to keep liquidity cheap have fuelled the Nasdaq to a 10

Published 02 May, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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