News Archives for Print - 2011-05-27

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Print - 2011-05-27

US treasuries bid prices

US treasuries bid prices on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am

US treasuries bid prices

US treasuries bid prices on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am

Google takes wraps off pay-by-phone system

US shoppers soon will be able to use mobile phones to pay for things they buy at the checkout counter under a system unveiled by Google Inc and a group of banks and other companies on Thursday. Google, MasterCard, Citigroup, transaction processing company

Published 27 May, 2011 12:00am

US treasuries bid yields

US treasuries bid yields on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am

Google takes wraps off pay-by-phone system

Published 27 May, 2011 12:00am

US treasuries bid yields

US treasuries bid yields on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am

Google takes wraps off pay-by-phone system

Published 27 May, 2011 12:00am

US treasuries bid yields

US treasuries bid yields on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am

G8 highlights euro debt risk to global economy: Yemen's Saleh asked to quit

The Group of Eight leaders raised the alarm on Thursday about government debts weighing down the world economy but pledged at a meeting in France to find funds to help new Arab democracies. As another Arab state, Yemen, appeared headed for civil war, lead

Published 27 May, 2011 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am

G8 highlights euro debt risk to global economy: Yemen's Saleh asked to quit

Published 27 May, 2011 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Thursday (May 26, 2011)

Published 27 May, 2011 12:00am

G8 highlights euro debt risk to global economy: Yemen''s Saleh asked to quit

Published 27 May, 2011 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Thursday (May 26, 2011)

Published 27 May, 2011 12:00am

Sri Lanka hold firm against England

Sri Lanka made a steady start to be 35 without loss against England at tea on a rain-marred opening day of the first Test at Sophia Gardens here on Thursday. Left-hander Tharanga Paranavitana was 16 not out and Sri Lanka captain Tillakaratne Dilshan 18 no

Published 27 May, 2011 12:00am

10,831 new tuberculosis cases reported in February 2011

As many as 10,831 new cases of tuberculosis reported at state-run healthcare facilities in 35 districts across Pakistan during February 2011 is a cause of serious concern for the government particularly in the Punjab province that accounted for 86 percent

Published 27 May, 2011 12:00am

Musharraf says ISI 'not complicit' in hiding Osama

Former President General Pervez Musharraf (Retd) categorically denied the ISI - at any level - knew the al Qaeda leader Osama Bin Laden was living in Pakistan. He told BBC Newsnight that it was "very difficult to prove non-complicity" between the ISI and

Published 27 May, 2011 12:00am

Khushhalibank among biggest microfinance entities

To map the differences in the landscape for microfinance globally, the Micro-credit Summit Campaign (MSC) has launched a status report that addresses the latest issues faced by the industry and the micro-credit facilities on offer throughout the region.

Published 27 May, 2011 12:00am

NESPAK directed to inspect dykes' rehabilitation

Sindh Chief Minister, Syed Qaim Ali Shah directed the NESPAK to inspect dykes rehabilitation completed by contractors of the irrigation department during last year's heavy floods, reliable sources at Chief Minister's House told Business Recorder on

Published 27 May, 2011 12:00am

Exports to Germany increased by 23 percent

President Pakistan German Business Forum, Saifuddin N. Zoomkawala while presenting the annual report of PGBF in the second Annual General Meeting, held here on Wednesday, mentioned the activities of the forum to the members.

Published 27 May, 2011 12:00am

Energy conservation bill to discourage inefficient appliances

The Energy Conservation Bill, which is tabled in the National Assembly, will make the manufacturing and use of inefficient electrical appliances, equipments and machinery as a "cognisable offence", said former Minister for Environment and Chairman Intelle

Published 27 May, 2011 12:00am

Two more die in Quetta doctors' strike

Two more patients including a child have died at Civil Hospital Quetta on Thursday due to young doctors' strike continued on 50th consecutive day. Talking to APP, Medical Superintendent Civil Hospital Quetta Dr Nabi Bakhsh Bugti told that one victim patie

Published 27 May, 2011 12:00am

US Embassy hosts workshop

The US Embassy hosted a public speaking workshop at Fatima Jinnah Women University on Thursday. Assistant Cultural Affairs Officer, Jason Seymour, led the workshop, which provided public speaking and debate tips and tools to 40 students.

Published 27 May, 2011 12:00am

Iesco power suspension notice

According to Iesco spokesman, due to electricity maintenance/development work the Power supply of the areas fall under the following feeders would remain suspended as under.

Published 27 May, 2011 12:00am

Audit detects Rs 531.5 million irregularities in PNSC, PQA

Auditor General of Pakistan (AGP) has detected embezzlements, irregularities and mismanagement of more than 531.5 million rupees in Ministry of Ports and Shipping. According to AGP's Report 2010-11, available with Business Recorder, embezzlements, irregul

Published 27 May, 2011 12:00am

Islamabad police nab 19 suspects

Islamabad Police on Thursday arrested 19 persons including a woman drug pusher, four proclaimed offenders and eleven other suspects. Shehzad Town Police nabbed 15 persons including a woman drug pusher and recovered two stolen cars, 1.400kgs charas from th

Published 27 May, 2011 12:00am

Rs 40,000 prize bonds draw on 1st June

The 46th draw of Rs 40,000/- prize bonds is scheduled to be held on June 01, 2011 at State Bank of Pakistan Quetta, which will be jointly organised by Central Directorate of National Savings Islamabad, Ministry of Finance and State Bank of Pakistan, says

Published 27 May, 2011 12:00am

TDAP, CCPIT jointly organising Pakistan China Forum on June 8

Pakistan China Forum to be jointly organised by TDAP and CCPIT in China on June 8, will open new avenues for promotion of bilateral trade and economic relations between the two countries.

Published 27 May, 2011 12:00am

NICL scam accused withdraws bail application

Manager of PML-Q, MPA Moonis Elahi, Muhammad Maalick, involved in National Insurance Company Limited land scam on Thursday withdrew his bail petition pending before a division bench of Lahore High Court. As proceedings started, Maalick's counsel Rai Bashi

Published 27 May, 2011 12:00am

Rs 22 billion for PAEC projects in PSDP 2011-12 proposed

The government has proposed Rs 22 billion allocation for 26 (22 on-going, 4 new) projects of Pakistan Atomic Energy Commission (PAEC) in Public Sector Development Programme (PSDP) of 2011-12 fiscal year. According to documents available with Business Reco

Published 27 May, 2011 12:00am

One killed, two injured as oil tankers collide

A driver was killed and two others sustained critical wounds as three oil tankers carrying fuel for Nato forces collided with each other near Azakhel area in Nowshera district on Thursday, police said.

Published 27 May, 2011 12:00am

Gas pipeline blown up in Dera Bugti

Unidentified men blew up another 16-inch diameter gas pipeline of well No 15 to 17 Pirkoh Plant in Dera Bugti on Thursday. According to the Levies Force, unidentified men attached explosive materials with gas pipeline in Pirkoh Plant, which went off. The

Published 27 May, 2011 12:00am

AGP detects Rs 63 million embezzlement in ZTBL

The Auditor General of Pakistan (AGP) has detected embezzlements, mismanagements and irregularities of Rs 63 million in Zarai Taraqiati Bank Limited (ZTBL). According to AGP's Report-2010-11 exclusively available with Business Recorder, the nationa

Published 27 May, 2011 12:00am

Appointment of CPOs in police stations: crime rate in Islamabad declines significantly

Crime rate has significantly declined in The Capital after the appointment of Community Police Officers (CPOs) in police stations, who are working on curbing crime in co-ordination with the notables of the community, said Naeem Iqbal, Spokesman of Islamab

Published 27 May, 2011 12:00am

Fifth meeting of ASJSCC on May 31

The fifth meeting of Asean-Pakistan Joint Sectoral Dialogue Co-operation Committee (ASJSCC) will be held in Jakarta on May 31, 2011. Additional Foreign Secretary (Asia Pacific), Syed Hasan Javed will lead Pakistan delegation. Deputy Secretary General of A

Published 27 May, 2011 12:00am

Fish-seed stocking campaign launched

Fisheries Department, Punjab has launched fish-seed stocking campaign in natural water bodies of the province. Director General Fisheries, Muhammad Ashraf formally inaugurated the campaign by releasing 25,000 seeds of fish varieties Rohu, Mori, Thaila and

Published 27 May, 2011 12:00am

Speakers for higher percentage of allocation to education

If Pakistan has to move forward and stand tall in the comity of nations; there must be a higher percentage of allocation to education, especially higher education. In the developed world at least four percent of the GDP is allocated for education of which

Published 27 May, 2011 12:00am

Banks' business

State Bank's Quarterly Performance Review of the Banking System released on 24th May, 2011 reveals certain trends in the financial sector, which could have negative implications for the economy. It notes clearly and unambiguously that banks' total assets

Published 27 May, 2011 12:00am

If not now, when?

No great initiative was ever expected of the Defence Committee of the Cabinet (DCC) ever since its institution three years ago, but the one called to session on Wednesday following the PNS Mehran attack was supposed to be different. It was to deliberate u

Published 27 May, 2011 12:00am

Deadly tentacles of terrorism

How has Pakistan become a victim of terrorism? The answer to this question can only be found by studying US foreign policy in which terrorism, drugs, arms and war play a pivotal role. This is not a recent phenomenon. From the early part of the twentieth c

Published 27 May, 2011 12:00am

An anodyne appraisal

In the joint communiqué issued after Senator John Kerry's parleys with the civilian and military leaders of Pakistan, three things are noteworthy and merit an anodyne appraisal. First of all the possibility of a unilateral action against high value target

Published 27 May, 2011 12:00am

Development of education sector for sustainable growth

Inspiration comes from leadership, leadership derives from motivation, motivation comes from within a person and the only thing that can develop a person is the education one gets. Education to an individual is the same as food for fish; as soon as an opp

Published 27 May, 2011 12:00am

The leading power of Central Asia

Kazakhstan, located between the borders of Russia and China in Central Asia, is the size of the whole of Western Europe and four times the size of Texas. It holds around 3% of the world's oil reserves, more than 15% of the global uranium reserves and a ri

Published 27 May, 2011 12:00am

Partly Facetious: Investigations on its own competence

"Any news?"

Published 27 May, 2011 12:00am

Imported goods: Custom officials directed not to carry out unnecessary laboratory test

Chief Collector Custom, Mrs Razia Sultana has directed concern official not to carry out unnecessary laboratory tests of imported goods. She gave this directive on complaints of members of Pakistan Chemicals and Dyers Merchants Association (PCDMA) that au

Published 27 May, 2011 12:00am

Ufone launches 'Uth Futura'

Ufone, the leader in innovation, recently launched a mobile handset by the name of 'Uth Futura'. Once again Ufone has proven to be a pioneer in presenting the latest technology to the Pakistani market. Till date there had been no gadget in the market prof

Published 27 May, 2011 12:00am

Emergency meeting of SAI on power crisis today

The Site Association of Industry (SAI) has called an emergency meeting on Friday to discuss the continuos hours-long load shedding in the industrial areas of the city and to decide future like of action of the association regarding the crisis, which has c

Published 27 May, 2011 12:00am

Government urged to rebuild old jetties

Local fishermen of Keamari have expressed apprehensions over two decades old jetties in Baba and Bhit islands which could collapse anytime due to their run-down conditions and asked the government to undertake their rebuilding process immediately.

Published 27 May, 2011 12:00am

SHC suspends ban on import of disposable syringes

Sindh High Court on Thursday suspended operation of the SRO issued by Federal Health Ministry banning import of disposable syringes till May 30, 2011. A single bench headed by Justice Tufail H Ebrahim also issued notice to Deputy Attorney General, Advocat

Published 27 May, 2011 12:00am

Servant of JPMC doctors killed; young man drowned

A servant of JPMC doctors was killed at Bazatta Lane within the limits of Saddar police station. According to details, the police found a body of 18-year-old Manzoor son of Abdul Rauf from his house located at D area Bazatta Lane Saddar.

Published 27 May, 2011 12:00am

Two bandits arrested

At least two bandits were arrested in the limits of Defence police station on Thursday. According to police, two robbers namely Qasim and Talha, who tried to escape after looting a civilian Tariq and his wife Azra in the limits of Defence police station,

Published 27 May, 2011 12:00am

DEC seizes 1kg of heroin

Drug Enforc-ement Cell (DEC) of Pakistan Customs on Thursday seized one kilogram of heroin concealed in a postal parcel of baby blankets booked for United Kingdom. According to details, the staff of DEC while clearing the outgoing international parcel mai

Published 27 May, 2011 12:00am

Horticulture produce: Efforts on to avoid annual wastage through cool chain system

Efforts are on to avoid approximately 30 percent annual wastage worth rupees 60 billion export-oriented horticulture produce of the country through cool chain system (CCS). The process of attracting local as well as foreign investments for the country-wid

Published 27 May, 2011 12:00am

SBP to launch Rs 20 commemorative coin: 150-year celebrations of Lawrence College, Ghora Gali

The State Bank of Pakistan (SBP) will start issuing Rs 20 Commemorative Coin through the exchange counters of all the field offices of SBP Banking Services Corporation from May 28, 2011 on the occasion of 150-year celebrations of Lawrence College, Ghora G

Published 27 May, 2011 12:00am

Port Grand to be inaugurated on May 28

The much-awaited Rs one billion, food and entertainment complex, Port Grand (PG), will be inaugurated on Saturday (tomorrow). Governor Sindh Dr Ishrat-ul-Ebad and Federal Minister for Ports and Shipping, Babar Khan Ghauri would jointly inaugurate the inno

Published 27 May, 2011 12:00am

US MIDDAY: gold down

Gold fell on Thursday, led by a drop in euro-priced bullion after the single European currency came under sudden pressure with the latest eurozone debt concerns, although safe-haven buying limited declines. The euro fell early, with traders citing a repor

Published 27 May, 2011 12:00am

US MIDDAY: copper lower

Benchmark copper lower on Thursday, on disappointment with weak US economic data and a mild retreat in the euro as concerns about Greek fiscal woes persisted. In New York, copper received a late boost as Wall Street stocks rebounded, helping the July COME

Published 27 May, 2011 12:00am

US MIDDAY: spring wheat jumps 5 percent

High protein US spring wheat jumped 5 percent to a three-year peak and the benchmark Chicago contract rallied 3 percent on Thursday as harsh weather in major producing countries threatened to trim output. At 12:11 am CDT (1711 GMT), CBOT soft red winter w

Published 27 May, 2011 12:00am

US MIDDAY: cocoa, coffee and sugar soar

US cocoa futures closed higher in heavy volume early on Thursday, logging their strongest two-day performance in a month. The key July raw sugar contract inched up 0.05 cent to settle at 22.69 cents a lb. July arabica coffee futures rose 0.75 cent to fini

Published 27 May, 2011 12:00am

Gold falls in London

Gold fell on Thursday, led by a fall in euro-priced bullion and after the single European currency came under sudden pressure, but concern about the eurozone debt crisis was expected kept metal prices supported. The euro fell back from the day's highs aft

Published 27 May, 2011 12:00am

Gold rises in Asia

Gold edged up on Thursday to near its strongest level in three weeks on concerns over Europe's sovereign debt crisis, while silver reached a two-week top, catching up with bullion's gains. Spot gold added $5.95 to $1,529.25 an ounce by 0519 GMT after risi

Published 27 May, 2011 12:00am

US gold hits three-week high

Gold hit a three-week high on Wednesday, boosted by concern over the debt crisis in eurozone countries such as Greece and as June options expire in the COMEX futures market. Spot gold rose as far as $1,532.10 per troy ounce, its highest since May 4, but p

Published 27 May, 2011 12:00am

Liffe cocoa rises

Liffe September cocoa ended 6 pounds higher at 1,873 pounds a tonne on Thursday. Talk of recent unrest in top producer Ivory Coast having had a negative impact on 2011/12 production was bullish for the market. Liffe August white sugar closes $2 higher at

Published 27 May, 2011 12:00am

Malaysian palm oil flat

Malaysian palm oil futures hit a near seven-week high before reversing gains to close flat on Thursday, as traders awaited new leads to set market trends after strong demand hopes supported in the previous session. The benchmark August crude palm oil cont

Published 27 May, 2011 12:00am

New York coffee, sugar and cocoa up

Coffee, sugar and cocoa futures surged to close higher on Wednesday, on a wave of short-covering as the commodity complex surged on a boost from the soft US dollar. "If you eat it, it's going up. All food items are rallying quite nicely today," said Sterl

Published 27 May, 2011 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 27 May, 2011 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1600 GMT.

Published 27 May, 2011 12:00am

Tokyo rubber futures climb

Tokyo rubber futures rose to a one-month high on Thursday on the back of firmer oil prices and rising Shanghai rubber futures, but profit-taking limited the gains, dealers said. The newly launched benchmark contract on the Tokyo Commodity Exchange for Nov

Published 27 May, 2011 12:00am

US crude falls

US crude fell more than 1 percent on Thursday as the US economy grew less than expected in the first quarter, stoking fresh worries about oil demand. Other US economic data showing corporate profits shrank while weekly jobless benefit claims rose signalle

Published 27 May, 2011 12:00am

Copper eases on demand

Copper eased on Thursday amid lingering concerns over weaker Chinese demand, disappointing US economic data and as Greek fiscal woes weakened the euro. Three-month copper on the London Metal Exchange closed at $9,020 a tonne versus $9,065 at Wednesday's c

Published 27 May, 2011 12:00am

Shanghai copper up

Copper rose more than 1 percent in Shanghai on Thursday, while also advancing in London as commodities gained across the board, supported by an increase in risk appetite and a firmer euro. The most-active August copper contract on the Shanghai Futures Exc

Published 27 May, 2011 12:00am

US copper climbs

Copper climbed more than 2 percent on Wednesday, on buying spurred by recent bullish investment bank outlooks amid mounting evidence of a production short-fall this year. Macquarie Bank's removal of its short-term sell in copper a week ago and Goldman Sac

Published 27 May, 2011 12:00am

Profit-taking drags New York cotton to weak finish

US cotton futures closed lower Thursday on investor profit-taking to scupper a two-day advance and the start of fund rolling of market positions could put further pressure on the market, brokers said. The new-crop December cotton futures on ICE Futures US

Published 27 May, 2011 12:00am

Moon may have more water than believed

The moon may have a lot more water than imagined, perhaps as much in some parts as on Earth, a discovery that has cast doubt on long-held theories about how the moon was formed, said a study out Thursday. The moon was long thought to be a dusty, dry place

Published 27 May, 2011 12:00am

Israeli military appoints first female major general

The Israel Defence Force (IDF) has promoted the first female major general in its 63-year history, a military spokesman announced Thursday night. Brigadier Orna Barbivai, 49, will assume her new rank when she takes over as commander of the IDF's Manpower

Published 27 May, 2011 12:00am

US offers $5 million reward for Russian rebel

The United States on Thursday offered a reward of up to $5 million to anyone who helps locate Doku Umarov, Russia's most wanted rebel leader. US Secretary of State Hillary Clinton meanwhile took action aimed at stemming the flow of funds and other aid to

Published 27 May, 2011 12:00am

Lawmakers pass $690 billion Pentagon bill

The US House of Representatives passed a $690 billion Pentagon budget Thursday that bars American ground forces in Libya and limits the Obama administration's powers on handling Guantanamo detainees. Lawmakers voted 322-96 in favour of the budget plan tha

Published 27 May, 2011 12:00am

Lawmakers bar more Chinese firms from Pentagon bids

The US House of Representatives has broadened the type of Chinese entities barred from receiving Pentagon contracts amid growing unease in Washington over China's expanding military might. Under the amendment, passed by voice vote Wednesday, all entities

Published 27 May, 2011 12:00am

Sadr followers rally against US army

Anti-US Iraqi cleric Moqtada al-Sadr brought thousands of Shia supporters onto Baghdad streets on Thursday in a show of force against any extension of the US military presence in Iraq past a year-end deadline. Sadr's threats to revive his Shia militia and

Published 27 May, 2011 12:00am

India, US pledge to boost intelligence cooperation

US Homeland Security Secretary Janet Napolitano met with top Indian officials on Thursday as part of a security dialogue to increase co-operation in counterterrorism, intelligence sharing and cybersecurity between the two countries.

Published 27 May, 2011 12:00am

Two dead in China blasts

Co-ordinated explosions at three sites near government buildings in eastern China killed two people on Thursday and were set off by a man apparently angry about the illegal demolition of his home, state media reported. The near-simultaneous explosions sev

Published 27 May, 2011 12:00am

Spain halts sale of military choppers to Iran

Spanish police halted the illegal export of nine Bell-112 military transport helicopters to Iran and detained eight people including three Iranians, they said Thursday. Police seized the US-made helicopters and arrested five Spanish businessmen suspected

Published 27 May, 2011 12:00am

France, Russia agree unprecedented warship deal

France finalised an unprecedented deal Thursday to sell four powerful modern warships to Russia, in a move that will worry some East European and post-Soviet nations. Meeting at the windswept French seaside resort of Deauville ahead of the G8 summit, Fren

Published 27 May, 2011 12:00am

Over 40 killed in Yemen fighting, civil war looms

More than 40 Yemenis were killed in pitched street battles in the capital on Thursday as fighting aimed at ending President Ali Abdullah Saleh's three-decade-long rule threatened to ignite civil war. Residents were fleeing Sanaa by the hundreds, hurriedly

Published 27 May, 2011 12:00am

Qadhafi forces bombard Misrata

Forces loyal to Libyan leader Muammar Qadhafi bombarded the rebel-held city of Misrata with mortars on Thursday, and a new cease-fire offer from Qadhafi's government was met with scepticism. The bombardment of Misrata was the heaviest for days and came as

Published 27 May, 2011 12:00am

Banks withhold billions of funds

A British lobbying group has released a leaked document showing that several major investment banks, including HSBC, Goldman Sachs, Societe Generale and Nomura, held billions of dollars of Libyan state funds. The internal report for the Libyan Investment

Published 27 May, 2011 12:00am

Libya war to cost $750 million for US

The Nato-led air war in Libya will cost the United States an estimated $750 million by the end of September, the Pentagon said Thursday. The estimate clarified an earlier statement this month by US Defence Secretary Robert Gates, who had cited the same fi

Published 27 May, 2011 12:00am

No home comforts is major challenge: Waqar

Pakistan coach Waqar Younis says the lack of home internationals is a major hurdle to his young team's hopes of climbing up the international cricket rankings. Pakistan's second-Test victory over West Indies on Tuesday secured a drawn series and ensured i

Published 27 May, 2011 12:00am

Pakistan rugby gets New Zealand coach

Pakistan rugby got a big boost in its preparation for the upcoming HSBC Asian 5 Nations Division III with the addition of an IRB qualified coach Mike Pirrit from New Zealand. This was stated by President, PRU, Fawzi Khawaja at a news conference here on Th

Published 27 May, 2011 12:00am

Bosnia adopts new statute to end FIFA ban

The Bosnian football federation (NSBIH) on Thursday adopted a new statute, a move expected to end FIFA and UEFA's suspension of the country from international competition. "The federation's general assembly unanimously, with 55 votes, backed the new statu

Published 27 May, 2011 12:00am

Fulham given Europa League berth

Fulham will play in the Europa League next season after being awarded a place on Thursday under the Premier League's Fair Play League. England received an additional Europa League place for next season after finishing second in UEFA's national fair-play t

Published 27 May, 2011 12:00am

GCU honours 76 sportsmen

The GC University Lahore honoured its 76 best sportsmen with shields, cash prizes and titles like 'Iron Man', 'Mr Super Fit', 'Man of Mountains', 'Mr Muscular', 'Cheeta' and 'The Wall' for their outstanding performances in national and international compe

Published 27 May, 2011 12:00am

New York cotton

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

Published 27 May, 2011 12:00am

Global high-yield issuance reaches monthly record

Global high-yield issuance has reached an all-time monthly high of $47.226 billion in May, topping the previous record of $46.813 billion set in March of this year, according to Thomson Reuters data. The new record was set in 85 deals and includes dollar

Published 27 May, 2011 12:00am

Global high-yield issuance reaches monthly record

Published 27 May, 2011 12:00am

Japan's Ricoh to axe 10,000 jobs

Copier and printer maker Ricoh Co will cut nearly 10 percent of its staff to try to boost profits, a move that shows underperforming Japanese companies are stepping up efforts to compete with global rivals. Ricoh said on Thursday the restructuring include

Published 27 May, 2011 12:00am

Tata Motors reports booming profit

India's top vehicle maker Tata Motors on Thursday reported a nearly fourfold increase in annual profit, boosted by booming sales and strong demand for British brands Jaguar and Land Rover. Net profit was 92.7 billion rupees ($2.04 billion) for the year to

Published 27 May, 2011 12:00am

Tata Motors reports booming profit

Published 27 May, 2011 12:00am

Moody's downgrades Bahrain credit rating on unrest fears

Moody's Investors Service downgraded Bahrain's government bond ratings by one notch to Baa1 from A3 on Thursday and assigned a negative outlook on concerns over the fallout from the crushing of Shiite-led protests earlier this year. "The main driver under

Published 27 May, 2011 12:00am

Moody's downgrades Bahrain credit rating on unrest fears

Published 27 May, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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