News Archives for Print - 2011-05-05

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am

Provisional figures put growth rate at 2.4 percent: even revised target of 2.8 percent missed!

Pakistan has missed even the revised growth target of 2.8 percent as provisional figures suggest it would be 2.4 percent for the current fiscal year largely on the back of slightly better performance by the services sector on account of 50 percent increas

Published 05 May, 2011 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 (May 04, 2011).

Published 05 May, 2011 12:00am

Provisional figures put growth rate at 2.4 percent: even revised target of 2.8 percent missed!

Pakistan has missed even the revised growth target of 2.8 percent as provisional figures suggest it would be 2.4 percent for the current fiscal year largely on the back of slightly better performance by the services sector on account of 50 percent increas

Published 05 May, 2011 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am

CNG prices increased

The Oil and Gas Regulatory Authority (Ogra) has increased the price of compressed natural gas (CNG) by Rs 1.02 per kg from Thursday, May 5, 2011. According to a notification issued by the Authority, the price of CNG for KP, Balochistan and Potohar region

Published 05 May, 2011 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 Commi

Published 05 May, 2011 12:00am

CNG prices increased

The Oil and Gas Regulatory Authority (Ogra) has increased the price of compressed natural gas (CNG) by Rs 1.02 per kg from Thursday, May 5, 2011. According to a notification issued by the Authority, the price of CNG for KP, Balochistan and Potohar region

Published 05 May, 2011 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 05 May, 2011 12:00am

CNG prices increased

The Oil and Gas Regulatory Authority (Ogra) has increased the price of compressed natural gas (CNG) by Rs 1.02 per kg from Thursday, May 5, 2011. According to a notification issued by the Authority, the price of CNG for KP, Balochistan and Potohar region

Published 05 May, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am

Imported goods: Planning Commission, FBR differ over tariff

Planning Commission and Federal Board of Revenue (FBR) have reportedly locked horns over the proposed rationalisation of tariffs on imported goods, a brainchild of Deputy Chairman Planning Commission, Dr Nadeem-ul-Haq, well-informed sources told Busine

Published 05 May, 2011 12:00am

New York cotton

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

Published 05 May, 2011 12:00am

Imported goods: Planning Commission, FBR differ over tariff

Planning Commission and Federal Board of Revenue (FBR) have reportedly locked horns over the proposed rationalisation of tariffs on imported goods, a brainchild of Deputy Chairman Planning Commission, Dr Nadeem-ul-Haq, well-informed sources told Busine
Published 05 May, 2011 12:00am

New York cotton

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

Published 05 May, 2011 12:00am

Imported goods: Planning Commission, FBR differ over tariff

Planning Commission and Federal Board of Revenue (FBR) have reportedly locked horns over the proposed rationalisation of tariffs on imported goods, a brainchild of Deputy Chairman Planning Commission, Dr Nadeem-ul-Haq, well-informed sources told Busine
Published 05 May, 2011 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 05 May, 2011 12:00am

IMF postpones talks, delays disbursement deal

The International Monetary Fund has postponed talks in Pakistan next week due to security concerns, an IMF spokesman said on Wednesday, delaying a deal to disburse more than $3 billion in funds to the country. The killing of Osama bin Laden by US special
Published 05 May, 2011 12:00am

KKR earnings beat estimates, portfolio value up

KKR posted higher-than-expected quarterly earnings as the value of its private equity investments rose, fee income increased and it benefited from taking portfolio companies such as Nielsen Holdings and HCA Holdings Inc public. Private equity firms have b
Published 05 May, 2011 12:00am

IMF postpones talks, delays disbursement deal

The International Monetary Fund has postponed talks in Pakistan next week due to security concerns, an IMF spokesman said on Wednesday, delaying a deal to disburse more than $3 billion in funds to the country. The killing of Osama bin Laden by US special
Published 05 May, 2011 12:00am

KKR earnings beat estimates, portfolio value up

KKR posted higher-than-expected quarterly earnings as the value of its private equity investments rose, fee income increased and it benefited from taking portfolio companies such as Nielsen Holdings and HCA Holdings Inc public. Private equity firms have b
Published 05 May, 2011 12:00am

IMF postpones talks, delays disbursement deal

The International Monetary Fund has postponed talks in Pakistan next week due to security concerns, an IMF spokesman said on Wednesday, delaying a deal to disburse more than $3 billion in funds to the country. The killing of Osama bin Laden by US special
Published 05 May, 2011 12:00am

Zain net profit rises

Kuwaiti telecommunications giant Zain posted a 40-percent increase in net profit in the first quarter of 2011 after a boost in operating efficiency, the company said on Wednesday. Zain posted a net profit of $251.1 million in January-March of this year co
Published 05 May, 2011 12:00am

It's intelligence failure of whole world: Prime Minister

Pakistan blamed world-wide intelligence lapses for a failure to detect Osama bin Laden living near its capital, while Washington worked to establish whether its ally had sheltered the al Qaeda leader. A US acknowledgement bin Laden was unarmed when shot d
Published 05 May, 2011 12:00am

Zain net profit rises

Kuwaiti telecommunications giant Zain posted a 40-percent increase in net profit in the first quarter of 2011 after a boost in operating efficiency, the company said on Wednesday. Zain posted a net profit of $251.1 million in January-March of this year co
Published 05 May, 2011 12:00am

It's intelligence failure of whole world: Prime Minister

Pakistan blamed world-wide intelligence lapses for a failure to detect Osama bin Laden living near its capital, while Washington worked to establish whether its ally had sheltered the al Qaeda leader. A US acknowledgement bin Laden was unarmed when shot d
Published 05 May, 2011 12:00am

Activity at Karachi and !Qasim ports

The Karachi Port handled 55,764 tonnes of cargo including 16,774 tonnes of import cargo, 38,990 tonnes of export cargo and 4,078 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 16,774 tonnes compr
Published 05 May, 2011 12:00am

Arab unrest: perspectives - XXIV

Why hasn't Osama bin Laden's death stirred open anger in the Arab world? Has he been rendered somehow irrelevant by the Arab Spring or Arab Awakening? "Osama was much more popular five years, eight years ago than he is today. He's just kind of irrelevant
Published 05 May, 2011 12:00am

Corn and soya export premiums steady at US Gulf Coast

Corn and soyabean export premiums at the US Gulf Coast were steady on Tuesday, with export demand waning in both markets, traders said. Hard and soft red winter wheat basis offers were also steady, with importers waiting on the sidelines for the harvest n
Published 05 May, 2011 12:00am

Arab unrest: perspectives - XXIV

Why hasn't Osama bin Laden's death stirred open anger in the Arab world? Has he been rendered somehow irrelevant by the Arab Spring or Arab Awakening? "Osama was much more popular five years, eight years ago than he is today. He's just kind of irrelevant
Published 05 May, 2011 12:00am

Canadian canola futures fall

ICE Canadian canola futures fell on Tuesday as a stronger US dollar pulled down crude oil and soya prices, putting pressure onto canola, traders said. Underpinning support from planting delays in Western Canada due to flooding, but Environment Canada fore
Published 05 May, 2011 12:00am

US says Osama was lawful target

The United States said on Wednesday that killing al Qaeda leader Osama bin Laden was an act of national self-defence, countering allegations the raid by US commandos on his Pakistani hide-out was illegal. US Attorney General Eric Holder said bin Laden was
Published 05 May, 2011 12:00am

Kenyan tea prices rise on improved demand

The average price of Kenya's top grade tea rose slightly to $3.51 per kg at this week's auction from $3.40 per kg at its last sale, brokers said on Wednesday. Mombasa-based Africa Tea Brokers (ATB) said in its weekly report that 106,541 packages were offe
Published 05 May, 2011 12:00am

US says Osama was lawful target

The United States said on Wednesday that killing al Qaeda leader Osama bin Laden was an act of national self-defence, countering allegations the raid by US commandos on his Pakistani hide-out was illegal. US Attorney General Eric Holder said bin Laden was
Published 05 May, 2011 12:00am

Ghana's cocoa purchases up 51.5 percent over last year

Cocoa output from Ghana is running more than 50 percent higher than last year, easing the blow of delayed shipments from neighbouring Ivory Coast and putting the country on track to beat its full-season target. Purchases declared by private buyers to indu
Published 05 May, 2011 12:00am

US won't release death photo

President Barack Obama has decided not to release death photos of terrorist Osama bin Laden, he said in an interview with CBS television's ``60 Minutes,'' amid concerns that the gruesome image could prove inflammatory. Obama's decision was reported on the
Published 05 May, 2011 12:00am

Spanish grain stocks dwindle as harvest nears

Spanish grain stocks in ports and warehouses are declining as dealers and consumers in the major importer wait to see how the domestic wheat and barley harvest fares next month, trade sources say. Unlike northern European exporters, Spain is not suffering
Published 05 May, 2011 12:00am

US won't release death photo

President Barack Obama has decided not to release death photos of terrorist Osama bin Laden, he said in an interview with CBS television's ``60 Minutes,' amid concerns that the gruesome image could prove inflammatory. Obama's decision was reported on the
Published 05 May, 2011 12:00am

China's feed wheat imports seen up on dry weather

China is likely to import more feed wheat as dry weather threatens corn plantings in some areas and the upcoming harvest for the country's largest wheat growing region of Henan, analysts said. "If the drought gets worse this month, wheat output (nation-wi
Published 05 May, 2011 12:00am

No imminent risk to rating, aid withdrawal: Moody''s

Pakistan does not face an immediate risk of a withdrawal of foreign aid despite international accusations that it gave shelter to Osama bin Laden, Moody''s Investors Service said on Wednesday. Its sovereign credit rating also remained justified, at least
Published 05 May, 2011 12:00am

Oil cake market rates

The May vaida was higher and July contract was unchanged on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The May vaida that had closed at Rs 1331.20 commenced with a rise of 60 paisa at Rs 1331.80. The July contr
Published 05 May, 2011 12:00am

No imminent risk to rating, aid withdrawal: Moody's

Pakistan does not face an immediate risk of a withdrawal of foreign aid despite international accusations that it gave shelter to Osama bin Laden, Moody's Investors Service said on Wednesday. Its sovereign credit rating also remained justified, at least f
Published 05 May, 2011 12:00am

Prices downward trend show on cotton market

Prices further eased on the cotton market on Wednesday in process of slow demand by mills, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 9,000, they said. In Sindh and Punjab phutti price of low type was at Rs 2
Published 05 May, 2011 12:00am

No imminent risk to rating, aid withdrawal: Moody's

Pakistan does not face an immediate risk of a withdrawal of foreign aid despite international accusations that it gave shelter to Osama bin Laden, Moody's Investors Service said on Wednesday. Its sovereign credit rating also remained justified, at least f
Published 05 May, 2011 12:00am

Kirana items mixed on Jodia Bazar

The trading in Kirana items moved both ways on Jodia Bazar here on Wednesday. The following changes were noted.
Published 05 May, 2011 12:00am

Obama 'reserves' right to act again in Pakistan

The White House said Wednesday that US President Barack Obama reserves the right to act again against top terror suspects inside Pakistan, following the raid which killed Osama bin Laden. Obama's spokesman Jay Carney was asked whether the president would
Published 05 May, 2011 12:00am

Thin trading continues on grain market

Slow trading was seen on the wholesale grain market on Wednesday as main participants were conspicuous by their absence, dealers said. On the cereal side wheat old Bardan and new both types gave up overnight gains, losing Rs 10 to Rs 2380-2395. Gur low ty
Published 05 May, 2011 12:00am

Obama 'reserves' right to act again in Pakistan

The White House said Wednesday that US President Barack Obama reserves the right to act again against top terror suspects inside Pakistan, following the raid which killed Osama bin Laden. Obama's spokesman Jay Carney was asked whether the president would
Published 05 May, 2011 12:00am

China to keep up inflation fight

China will keep working to rein in stubbornly high inflation, which was being driven by rising fuel and commodity prices and strong domestic demand, Vice Finance Minister Li Yong said on Wednesday. China's consumer price index rose an annual 5.4 percent i
Published 05 May, 2011 12:00am

ZAB reference: Supreme Court expresses annoyance over non-availability of case record

Chief Justice Iftikhar Muhammad Chaudhry said on Wednesday that revelation of facts on Zulfiqar Ali Bhutto case before the apex court, are worrisome for the bench too, as judiciary is bound to remain within the ambit of Constitution. An eleven-judge speci
Published 05 May, 2011 12:00am

Foreign investment growing in Africa: survey

Foreign investment in Africa has grown strongly in the past decade, as the continent has offered strong growth rates and high returns, Consultancy Ernst & Young said on Tuesday. Foreign direct investment jumped 87 percent, from 338 new projects on the con
Published 05 May, 2011 12:00am

ZAB reference: Supreme Court expresses annoyance over non-availability of case record

Chief Justice Iftikhar Muhammad Chaudhry said on Wednesday that revelation of facts on Zulfiqar Ali Bhutto case before the apex court, are worrisome for the bench too, as judiciary is bound to remain within the ambit of Constitution. An eleven-judge speci
Published 05 May, 2011 12:00am

Telenor boosted by Asia, TDC reins in costs

Norwegian telecom group Telenor offset increased price competition in its Nordic operations with strong growth in Asia in the first quarter while Danish rival TDC compensated with cost savings. Telenor, still smarting from a battle over strategy with Russ
Published 05 May, 2011 12:00am

Palestinians end division at Cairo ceremony

Palestinian leaders formally ended a four-year rift between secular Fatah and the Islamist Hamas at a ceremony in Egypt on Wednesday, a reconciliation their people see as crucial for their drive to set up an independent state. Israel, which in 1967 captur
Published 05 May, 2011 12:00am

South Korea may use part of FX reserves to buy yuan assets

South Korea is preparing to allocate part of its $307 billion in foreign exchange reserves to yuan-denominated assets in an effort to diversify its increasing reserves, officials from the central bank and the finance ministry said on Wednesday.
Published 05 May, 2011 12:00am

Palestinians end division at Cairo ceremony

Palestinian leaders formally ended a four-year rift between secular Fatah and the Islamist Hamas at a ceremony in Egypt on Wednesday, a reconciliation their people see as crucial for their drive to set up an independent state. Israel, which in 1967 captur
Published 05 May, 2011 12:00am

BNP retail boosts bumper first quarter

BNP Paribas, France's biggest listed bank, beat forecasts for first-quarter revenue and earnings, driven by strong retail growth and resilient investment banking that bolstered investor confidence. BNP's European retail footprint helped offset weaker capi
Published 05 May, 2011 12:00am

Siemens seeking acquisitions to tap broad growth

Siemens AG, a bellwether of the eurozone's biggest economy, is looking for acquisitions of up to 3 billion euros to boost core areas after raising its full-year outlook on strong demand from emerging markets. Siemens, whose products range from hearing aid
Published 05 May, 2011 12:00am

World's millionaire ranks seen soaring through 2020

The rich keep getting richer, both here in the United States and especially in the world's emerging markets. Public and private investments controlled by the richest families are expected to more than double in value to $202 trillion by 2020, from $92 tri
Published 05 May, 2011 12:00am

US's Locke hits China over investment barriers

US Commerce Secretary Gary Locke accused Beijing on Wednesday of discouraging foreign investment to protect its own companies and promised to push against those barriers if confirmed as the next ambassador to China. Locke, in the text of a speech for deli
Published 05 May, 2011 12:00am

South Korean lawmakers ratify EU free trade deal

South Korea's parliament ratified a free trade agreement with the European Union late Wednesday in a one-sided vote pushed through by the ruling party against opposition wishes. The approval with overwhelming support by lawmakers from the ruling Grand Nat
Published 05 May, 2011 12:00am

Data signals weakness in US recovery

Signs of weakness in the US economic recovery mounted as reports on Wednesday showed a sharp slowdown in the vast services sector and less hiring by private companies in April. Economists expressed disappointment ahead of a key labour market report on Fri
Published 05 May, 2011 12:00am

SEC, CFTC say modest budget boosts not enough

Federal securities and commodities regulators said on Wednesday they need big budget boosts to police the vast derivatives market and to catch the next Bernard Madoff. Fresh from getting modest budget increases for the current fiscal year, the Securities
Published 05 May, 2011 12:00am

Deutsche Bank hit by another US lawsuit

German giant Deutsche Bank said Wednesday it had been hit by another lawsuit in the United States over property loans, a day after the US Justice Department sued it for $1 billion for mortgage fraud. The German bank said in a statement "the Los Angeles pr
Published 05 May, 2011 12:00am

US Senate holdout backs Korea trade pact

A key holdout in the US Senate said Wednesday he would support a free trade agreement with South Korea after President Barack Obama's administration promised to promote beef exports. Senator Max Baucus, who represents the ranching state of Montana and hea
Published 05 May, 2011 12:00am

Spain's jobless rate falls

Spain's jobless rate fell by 1.5 percent in April as the service sector was boosted by seasonal hiring over Easter, but still left 4.27 million people registered as without work. Official data from the Labour Ministry showed the number out of work fell by
Published 05 May, 2011 12:00am

Eurozone takes third debt crisis patient into care

Portugal and Greece talked up the benefits of Lisbon's decision to accept a multi-billion euro bailout from the European Union and IMF on Wednesday, but the outlook for both countries and Ireland remains highly uncertain. Portugal's caretaker Prime Minist
Published 05 May, 2011 12:00am

Glencore $11 billion IPO to make billionaires of bosses

Glencore Chief Executive Ivan Glasenberg could be worth $10 billion after the commodities trader makes its debut later this month in a record public offering valuing the commodities group at some $60 billion. Glasenberg, a publicity-shy former coal trader
Published 05 May, 2011 12:00am

Asian nations aim to boost trade in local currencies

Finance ministers from Southeast Asia, Japan, South Korea and China agreed Wednesday to look at ways of increasing the use of their own currencies in trade transactions. "Basically, members... would like to increase the value of trade and we would like to
Published 05 May, 2011 12:00am

US, eurozone services growth cools

Service sector growth slowed in the United States and eurozone in April but accelerated in China and India, raising doubts about a concerted pick-up in global economic activity this quarter. The eurozone dip was not as steep as that of the United States b
Published 05 May, 2011 12:00am

Middle East markets: Egypt property stocks fall

Egypt's bourse fell on Wednesday as property stocks took a hit, and Gulf Arab markets lost recent gains amid continued consolidation while investors in the UAE and Qatar await an MSCI review next month. Developer Palm Hills fell 8.5 percent, dragging Egyp
Published 05 May, 2011 12:00am

Taiwan stocks flat

Taiwan stocks ended flat on Wednesday as a rise in machinery shares offset a slip in energy issues. The main TAIEX index was up 1.27 points at 8,947.35, after opening down 0.1 percent. The oil and plastics sub-indices were the biggest laggards, falling 2.
Published 05 May, 2011 12:00am

Indian shares down for eight day

Indian shares slid for the eighth straight session, their longest losing spell in at least two-and-a-half years, closing 0.4 percent lower on Wednesday as investors braced themselves for more aggressive actions by the central bank after a hefty interest r
Published 05 May, 2011 12:00am

Wednesday's early afternoon trade: stocks remain down

US stocks fell for a third day on Wednesday as weaker-than-expected economic data and more losses in top-performing commodity sectors cast doubt on how much life a market rally had left. The S&P energy sector, which was up 34 percent since September, drop
Published 05 May, 2011 12:00am

Wall Street falls

US stocks fell on Tuesday as investors questioned the sustainability of the rally in light of fresh worries about earnings growth in the coming quarters. Investors targeted recent top performers, particularly energy shares, which were also hit by a fall i
Published 05 May, 2011 12:00am

Japanese markets closed

Japanese financial markets closed from Tuesday through Thursday this week for a national holiday. The markets were also closed on Friday. The markets will reopen on May 6.
Published 05 May, 2011 12:00am

Treasuries rise for third day

US Treasury debt prices rose for a third consecutive day on Tuesday, as weakness in stocks, concern over European debt issues and smaller-than-expected government borrowing projections fuelled an appetite for lower-risk debt. Expectations of a reduction i
Published 05 May, 2011 12:00am

South East Asian markets: Thailand, Indonesia stocks rise

Thai and Indonesian stock markets edged up in heavy volume on Wednesday as technical rebounds helped recoup early losses, but other Southeast Asian bourses finished mostly lower, with investors cautious amid concerns about global recovery. Thailand , the
Published 05 May, 2011 12:00am

Hong Kong, China shares falter

China's stocks fell to a two-month low on Wednesday as investors dumped commodity-related sectors for a sixth straight session, but Hong Kong stocks closed above key chart support, suggesting the market's decline will not accelerate in coming days.
Published 05 May, 2011 12:00am

European shares hit two-week low

European shares hit a two-week closing low on Wednesday, hit by weak US economic data, concern over China's growth outlook and forecast-lagging earnings. The pan-European FTSEurofirst 300 index of top shares closed down 1.4 percent at 1,134.61 points, hov
Published 05 May, 2011 12:00am

Seoul shares slip

Seoul shares slipped on Wednesday on sharp falls in shipyards and technology issues, including Daewoo Shipbuilding & Marine Engineering and Samsung Electronics, and as investors remained cautious ahead of a holiday this week. The Korea Composite Stock Pri
Published 05 May, 2011 12:00am

Deutsche Boerse files NYSE, Euronext offer

Deutsche Boerse formally launched a two-step process to clinch a $10.7 billion euros offer for NYSE Euronext as Nasdaq and IntercontinentalExchange edged closer to making a hostile offer. Deutsche Boerse said the tender period for shareholders to get shar
Published 05 May, 2011 12:00am

Commodities push FTSE down

Commodity stocks dragged Britain's top share index lower on Wednesday, ending the FTSE 100's recent rally as disappointing US manufacturing data spoiled investors' appetite for risk. The FTSE 100 closed down 98.81 points, or 1.6 percent, at 5,984.07, with
Published 05 May, 2011 12:00am

Implied euro rates rise

Eurozone interest rate futures fell on Wednesday, pushing implied rates up before an ECB policy meeting expected to cement expectations for two more rate hikes by end-2011, though views are split on how soon they will come. Euribor futures fell by as much
Published 05 May, 2011 12:00am

Sterling slips

Sterling slipped to a fresh 13-month low against the euro on Wednesday after weak British construction figures boosted views UK interest rates could stay on hold till year-end, in contrast to a hawkish eurozone outlook. The pound also matched a six-month
Published 05 May, 2011 12:00am

Dollar rises broadly in Asia

The dollar rose broadly on Wednesday, pulling away from a three-year low hit earlier this week against a basket of major currencies, as investors locked in profits in the wake of a relentless slide in the US currency. The dollar climbed against commodity-
Published 05 May, 2011 12:00am

Euro rises in London

The euro rose against the dollar on Wednesday, edging closer to $1.50, with the US currency under renewed pressure on expectations that US interest rates will stay low in coming months. The euro was up 0.3 percent at $1.4870, with demand from Asian sovere
Published 05 May, 2011 12:00am

Early afternoon trade in New York: Dollar sinks to three-year lows

The dollar slumped to a three-year low on Wednesday and the currency's outlook darkened further as softer-than-expected employment and services sector data affirmed expectations US interest rates would remain low this year. In early afternoon trading, the
Published 05 May, 2011 12:00am

Dollar rebound fades

The euro was up slightly against the dollar on Tuesday in choppy trading and seen likely to post further gains this week amid strong institutional buying as investors ratcheted up expectations of more eurozone rate hikes. Weakness in stocks and commoditie
Published 05 May, 2011 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 73.03/73.10 (previous 72.97/73.03). Call Money Rates: 5.00-7.25 percent (previous 4.75-7.30 percent).
Published 05 May, 2011 12:00am

Australian and New Zealand dollars soften

The Australian and New Zealand dollars came under a bit of pressure on Wednesday as weaker equities and a greater reluctance to take risk prompted investors to book profits on some of the hefty gains made last month. The Aussie drifted to a one-week low o
Published 05 May, 2011 12:00am

Indian rupee rises

The Indian rupee rose on Wednesday as euro's march against the dollar helped offset a sustained weakness in local shares, with the euro's moves and importer dollar demand seen providing near-term directional cues. The partially convertible rupee ended at
Published 05 May, 2011 12:00am

Won, baht down

The South Korean won and the Thai baht fell for a second consecutive session on Wednesday as speculators unwound overstitched positions in emerging Asian currencies amid a wider global pullback in riskier assets. Emerging Asian currencies may see further
Published 05 May, 2011 12:00am

Yuan slightly higher

The yuan closed slightly higher against the dollar on Wednesday as the Chinese and US administrations reiterated their positions regarding the value of the two countries' currencies ahead of their top-level talks in Washington next week.
Published 05 May, 2011 12:00am

Swiss franc falls versus dollar

The Swiss franc pulled off a record high against the dollar on Wednesday, as the greenback clawed back ground against major currencies after a recent slide. The franc, which investors buy in times of heightened uncertainty, has risen some 20 percent again
Published 05 May, 2011 12:00am

FIFA asked to relax naturalisation rules

FIFA will consider a proposal to relax the rules on the naturalisation of players at its annual Congress and give its executive committee greater powers to suspend member federations. The Congress, where the main item is the presidential election between
Published 05 May, 2011 12:00am

Sprite Cricket Next holds 'Gali Cricket'

Cricket enthusiasts in large numbers turned up at the Bagh-e-Ibn-e-Qasim in Clifton, to witness the final zonal match between Karachi's best gali cricketers, organised under the Sprite Cricket Next 2011 banner, recently. The chief guest on the occasion, S
Published 05 May, 2011 12:00am

Mohsin Khan defers quit plans

Pakistan chief selector Mohsin Khan has deferred plans to quit over claims that his selections were ignored for the two-Test series against West Indies. Mohsin Khan says he plans to meet with Pakistan Cricket Board chairman Ijaz Butt in Lahore on Thursday
Published 05 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
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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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