News Archives for Print - 2011-07-16

US treasuries bid prices

US treasuries bid prices on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

US, other powers recognise Libyan rebels

Rebel leaders won recognition as the legitimate government of Libya from the United States and other world powers on Friday in a major boost to the rebels' faltering campaign to oust Muammar Gaddafi. Western nations said they also planned to increase the

Published 16 Jul, 2011 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

US, other powers recognise Libyan rebels

Rebel leaders won recognition as the legitimate government of Libya from the United States and other world powers on Friday in a major boost to the rebels' faltering campaign to oust Muammar Gaddafi. Western nations said they also planned to increase the

Published 16 Jul, 2011 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

Swiss court says was right to give US bank data

The Swiss financial markets regulator FINMA was right to order the handing over of client data by UBS to the US authorities, a top court ruled on Friday, despite the country''s cherished tradition of bank secrecy. FINMA ordered UBS to hand over the data o

Published 16 Jul, 2011 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 16 Jul, 2011 12:00am

Swiss court says was right to give US bank data

The Swiss financial markets regulator FINMA was right to order the handing over of client data by UBS to the US authorities, a top court ruled on Friday, despite the country's cherished tradition of bank secrecy. FINMA ordered UBS to hand over the data of

Published 16 Jul, 2011 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

Swiss court says was right to give US bank data

The Swiss financial markets regulator FINMA was right to order the handing over of client data by UBS to the US authorities, a top court ruled on Friday, despite the country's cherished tradition of bank secrecy. FINMA ordered UBS to hand over the data of

Published 16 Jul, 2011 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

FBR extends date for payment of taxes

The Federal Board of Revenue (FBR) has extended date for payment of taxes/duty and filling of Sales Tax/FED returns up to 22nd July for the period June 2011, for persons registered in LTU/RTOs, Karachi. The decision has been taken to facilitate the tax pa

Published 16 Jul, 2011 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

FBR extends date for payment of taxes

The Federal Board of Revenue (FBR) has extended date for payment of taxes/duty and filling of Sales Tax/FED returns up to 22nd July for the period June 2011, for persons registered in LTU/RTOs, Karachi. The decision has been taken to facilitate the tax pa

Published 16 Jul, 2011 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

FBR extends date for payment of taxes

The Federal Board of Revenue (FBR) has extended date for payment of taxes/duty and filling of Sales Tax/FED returns up to 22nd July for the period June 2011, for persons registered in LTU/RTOs, Karachi. The decision has been taken to facilitate the tax pa

Published 16 Jul, 2011 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

BRIndex30 up 110.53 points

On Friday, the BRIndex30 opened at 8,718.24 points and remained in positive throughout the trading session. It touched the intra-day high of 8,905.46 points and low of 8,718.24 points and closed at 8,828.77 points with a net positive change of 110.53 poin

Published 16 Jul, 2011 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

BRIndex30 up 110.53 points

On Friday, the BRIndex30 opened at 8,718.24 points and remained in positive throughout the trading session. It touched the intra-day high of 8,905.46 points and low of 8,718.24 points and closed at 8,828.77 points with a net positive change of 110.53 poin

Published 16 Jul, 2011 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

Index gains 79.19 points

The KSE-100 index on Friday gained 79.19 points to close at 12,346.52 points on the back of investors'' interest on dips. The market opened on a positive note and the index hit 12,412.65 points intra-day high level, up 195.32 points. However, profit takin

Published 16 Jul, 2011 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

Index gains 79.19 points

The KSE-100 index on Friday gained 79.19 points to close at 12,346.52 points on the back of investors' interest on dips. The market opened on a positive note and the index hit 12,412.65 points intra-day high level, up 195.32 points. However, profit taking

Published 16 Jul, 2011 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

Index gains 79.19 points

The KSE-100 index on Friday gained 79.19 points to close at 12,346.52 points on the back of investors' interest on dips. The market opened on a positive note and the index hit 12,412.65 points intra-day high level, up 195.32 points. However, profit taking

Published 16 Jul, 2011 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

Crunch European bank tests fail to quell doubts

Eight European banks have failed a test of their ability to withstand a long recession and will have to raise just 2.5 billion euros ($3.5 billion) of capital, significantly less than expected. The European Banking Authority said five banks in Spain, two

Published 16 Jul, 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 Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

Crunch European bank tests fail to quell doubts

Eight European banks have failed a test of their ability to withstand a long recession and will have to raise just 2.5 billion euros ($3.5 billion) of capital, significantly less than expected. The European Banking Authority said five banks in Spain, two

Published 16 Jul, 2011 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

Crunch European bank tests fail to quell doubts

Eight European banks have failed a test of their ability to withstand a long recession and will have to raise just 2.5 billion euros ($3.5 billion) of capital, significantly less than expected. The European Banking Authority said five banks in Spain, two

Published 16 Jul, 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 16 Jul, 2011 12:00am

Power sector: foreign investors show reluctance

Foreign investors are ready to invest in banking, telecom and IT sectors, but have shied away from investing in power sector due to the sector-specific policy, regulations, liquidity and operational issues. This was stated in the ''Key Risks Analysis'' on

Published 16 Jul, 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 16 Jul, 2011 12:00am

Power sector: foreign investors show reluctance

Foreign investors are ready to invest in banking, telecom and IT sectors, but have shied away from investing in power sector due to the sector-specific policy, regulations, liquidity and operational issues. This was stated in the 'Key Risks Analysis' on p

Published 16 Jul, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am

Power sector: foreign investors show reluctance

Foreign investors are ready to invest in banking, telecom and IT sectors, but have shied away from investing in power sector due to the sector-specific policy, regulations, liquidity and operational issues. This was stated in the 'Key Risks Analysis' on p

Published 16 Jul, 2011 12:00am

New York cotton

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

Published 16 Jul, 2011 12:00am

Why SBP governor Kardar resigned?

Some sharp differences between SBP Governor Shahid H. Kardar and the government over policy actions have reportedly led to his resignation. According to well-placed sources, the out-going governor in his resignation letter has cited "Continuing difference

Published 16 Jul, 2011 12:00am

New York cotton

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

Published 16 Jul, 2011 12:00am

Why SBP governor Kardar resigned?

Some sharp differences between SBP Governor Shahid H. Kardar and the government over policy actions have reportedly led to his resignation. According to well-placed sources, the out-going governor in his resignation letter has cited "Continuing difference

Published 16 Jul, 2011 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 Jul, 2011 12:00am

Why SBP governor Kardar resigned?

Some sharp differences between SBP Governor Shahid H. Kardar and the government over policy actions have reportedly led to his resignation. According to well-placed sources, the out-going governor in his resignation letter has cited "Continuing difference

Published 16 Jul, 2011 12:00am

BRIDGE NOTES: The rest are yours

Bridge is a game of decision making. It follows a logical pattern and has a probability - ratio theory of the lie of cards, which prompts a good declarer to adopt a certain line of play in suit combinations which are endless in bridge. The official encycl

Published 16 Jul, 2011 12:00am

Lack of regulatory authority: courier companies refuse to pay for loss/damage

Lack of regulatory authority to check the working of courier companies across the country has led to several serious complaints, including refusal to pay claims in case of loss or damage of a consignment. Courier companies are charging fees of their choic

Published 16 Jul, 2011 12:00am

Abu Dhabi - UAE's crowning jewel

Abu Dhabi, the wealthiest emirate of the UAE (in terms of Gross Domestic Product (GDP) and per capita income), has more than $1 trillion invested world-wide alone. The GDP per capita reached $63,000, which is far above the average income of the United Ara

Published 16 Jul, 2011 12:00am

Lack of regulatory authority: courier companies refuse to pay for loss/damage

Lack of regulatory authority to check the working of courier companies across the country has led to several serious complaints, including refusal to pay claims in case of loss or damage of a consignment. Courier companies are charging fees of their choic

Published 16 Jul, 2011 12:00am

BOOK REVIEWS: Free trade and capitalism

The complete title of Mr Chang's very educational book, at least for me, is Bad Samaritans- The myth of free trade and the secret history of Capitalism. Book reviews have never fascinated me since I have always held the notion that if you want to know wha

Published 16 Jul, 2011 12:00am

Lack of regulatory authority: courier companies refuse to pay for loss/damage

Lack of regulatory authority to check the working of courier companies across the country has led to several serious complaints, including refusal to pay claims in case of loss or damage of a consignment. Courier companies are charging fees of their choic

Published 16 Jul, 2011 12:00am

Grace under fire

During the last decade, young educated women of Pakistan have been struggling hard in the quest of proving their abilities, which is a symbol changing social system of Pakistan. In addition, a significant number of women are part of workforce in offices,

Published 16 Jul, 2011 12:00am

Leader of Opposition: MQM supports JUI-F's Haideri

Muttahida Qaumi Movement (MQM) has supported Maulana Abdul Ghafoor Haideri of Jamiat Ulema-e-Islam (JUI-F) for the post of Leader of Opposition in the Senate. Senate Secretariat Friday told Business Recorder that for this purpose, MQM Senators have

Published 16 Jul, 2011 12:00am

ART FACTS: Creative powers in creative hands

'A painting or sculpture is not merely an aesthetic object to look at and admire. It is the essence of the soul of the artist that has taken concrete shape', says Rabia Zuberi. The renowned sculptor and outstanding art educationist, Rabia Zuberi when deci

Published 16 Jul, 2011 12:00am

Leader of Opposition: MQM supports JUI-F's Haideri

Muttahida Qaumi Movement (MQM) has supported Maulana Abdul Ghafoor Haideri of Jamiat Ulema-e-Islam (JUI-F) for the post of Leader of Opposition in the Senate. Senate Secretariat Friday told Business Recorder that for this purpose, MQM Senators have

Published 16 Jul, 2011 12:00am

The taste is in the spice

A juicy steak, a hearty stew or a tempting dessert can still be a culinary delight for senior citizens. Even though the senses of smell and taste diminish with increased aging, no one must forego good, diversified food, according to doctors and nutritioni

Published 16 Jul, 2011 12:00am

Ebad to continue as Sindh Governor: PPP, MQM reach agreement

Pakistan People's Party (PPP) and Muttahida Qaumi Movement have reached an agreement over the Governorship of Sindh. According to this deal, Dr Ishrat-ul-Ebad will continue as Governor Sindh while the MQM will play the role of Opposition in the Parliament

Published 16 Jul, 2011 12:00am

LITERARY NOTES: Verses from Iqbal

I had the opportunity of going through V.G. Kiernan's "Poems from Iqbal" again as I regard him someone who has good reasons to appreciate Allama Iqbal in the milieu in which he lived for a long time. Published by Iqbal Academy Lahore, it is the third edit

Published 16 Jul, 2011 12:00am

Ebad to continue as Sindh Governor: PPP, MQM reach agreement

Pakistan People's Party (PPP) and Muttahida Qaumi Movement have reached an agreement over the Governorship of Sindh. According to this deal, Dr Ishrat-ul-Ebad will continue as Governor Sindh while the MQM will play the role of Opposition in the Parliament

Published 16 Jul, 2011 12:00am

Karachi Chronicle: Killing Karachi

The term Urbicide means ruin of a city, which includes murder and genocide of citizens and destruction of everything that makes the city prosperous and powerful. The victim city may not be completely wiped off the face of the earth but it can be crippled

Published 16 Jul, 2011 12:00am

Arrests in connection with NPF land scam: supporters attack police station, take away PML-N MNA

Supporters of Anjum Aqeel, PML-N MNA on Friday attacked the police station and forcibly took away the lawmaker who was arrested by police in connection with multi-billion National Police Foundation (NPF) land scam. Supporters of Anjum Aqeel resorted to in

Published 16 Jul, 2011 12:00am

Phone hacking by News of The World

The phone hacking scandal in the United Kingdom has galvanised the nation's attention on the need to clean up British journalism in general and of the tabloid variety in particular. The News of The World (NoTW) broke the law by hiring a private investigat

Published 16 Jul, 2011 12:00am

Arrests in connection with NPF land scam: supporters attack police station, take away PML-N MNA

Supporters of Anjum Aqeel, PML-N MNA on Friday attacked the police station and forcibly took away the lawmaker who was arrested by police in connection with multi-billion National Police Foundation (NPF) land scam. Supporters of Anjum Aqeel resorted to in

Published 16 Jul, 2011 12:00am

US mulls wind energy plan that may kill rare birds

The Obama administration is evaluating a plan to allow a 200-mile corridor for wind energy development from Canada to the Gulf of Mexico that would allow for killing endangered whooping cranes. The environmental review will consider a request by 19 energy

Published 16 Jul, 2011 12:00am

Dr Mirza reprimanded: all Muhajirs sons of soil, says Zardari

Senior Sindh Minister Dr Zulfiqar Mirza called on co-chairman PPP President Asif Ali Zardari at Aiwan-e-Sadr on Friday. Dr Mirza who was summoned by the President to immediately report to the Party leadership in Islamabad after his highly provocative rema

Published 16 Jul, 2011 12:00am

Philippines local debt swap volume at record $7.5 billion

The Philippines completed a record 323.5 billion pesos ($7.5 billion) local debt swap on Friday, and the government wants the new 2022 and 2031 bonds to be benchmarks for long-term financing, particularly for infrastructure projects.

Published 16 Jul, 2011 12:00am

Dr Mirza reprimanded: all Muhajirs sons of soil, says Zardari

Senior Sindh Minister Dr Zulfiqar Mirza called on co-chairman PPP President Asif Ali Zardari at Aiwan-e-Sadr on Friday. Dr Mirza who was summoned by the President to immediately report to the Party leadership in Islamabad after his highly provocative rema

Published 16 Jul, 2011 12:00am

Australia seeks creativity in stalled Doha talks

An Australian trade official on Thursday urged countries not give up on world trade talks and to push for a small package of agreements in December that could pave the way for a broader deal. "We would like to see more creative suggestions on ways to conc

Published 16 Jul, 2011 12:00am

South Korean central bank ups inflation forecast

South Korea's central bank on Friday slightly raised its inflation forecast for this year while cutting its economic growth projection, a day after holding interest rates steady in the face of a softening global economy. The Bank of Korea now sees 2011 co

Published 16 Jul, 2011 12:00am

Sony Ericsson falls into red, says afflicted by Japan quake

Mobile phone manufacturer Sony Ericsson posted on Friday a net loss of 50 million euros ($70 million) for the second quarter and said its supply chain had been hit by the disasters in Japan. In the second quarter last year, the Japanese-Swedish group had

Published 16 Jul, 2011 12:00am

Japan's finance minister repeats warning on yen rise

Japanese Finance Minister Yoshihiko Noda on Friday kept up his verbal intervention in the face of the yen's gains, saying that currency moves have been one-sided over the past few days, but would not comment on the possibility of market intervention.

Published 16 Jul, 2011 12:00am

IMF urges German reforms to ensure mid-term growth

Germany's economy will expand by a robust 3.2 percent this year but its medium-term growth prospects are poor unless it implements structural reforms, the International Monetary Fund said on Tuesday. The IMF said Germany should stimulate domestic demand t

Published 16 Jul, 2011 12:00am

Canada's industry sales show broad declines

Canadian manufacturing sales fell by 0.8 percent in May from April, a drop that was significantly worse than expected as the auto industry failed to bounce back quickly from parts shortages resulting from the earthquake and tsunami that hit Japan in March

Published 16 Jul, 2011 12:00am

Many BoJ members more cautious about global risks

Many Bank of Japan policy board members recognised that overseas economies pose a growing risk to Japan's recovery and a few expressed concern about the adverse effects of a strong yen, June meeting minutes showed, suggesting the board was becoming more c

Published 16 Jul, 2011 12:00am

Bajaj, Renault abandon India low-cost car plan

Indian motorbike and three-wheel vehicle specialist Bajaj Auto has abandoned plans to develop an ultra-low-cost car with France's Renault and its Japanese partner Nissan, an executive said. After years of talks, the companies announced in 2009 that they h

Published 16 Jul, 2011 12:00am

Slovenia withdraws from Expo 2012 due to cost-cutting

Slovenia said Friday it would withdraw from the 2012 Expo international exhibition in South Korea due to cost-cutting measures. "Slovenia will not participate at the international Expo exhibition in Yeosu next year due to financial reasons," government sp

Published 16 Jul, 2011 12:00am

US corn ends mixed, wheat prices fall

US corn finished mixed on Thursday, shaving earlier losses with hot weather moving into the US Midwest and threatening to scorch vulnerable crops. Chicago wheat prices fell in a setback after a two-day rally that boosted the September contract by 12 perce

Published 16 Jul, 2011 12:00am

Wheat export premiums steady at US Gulf Coast

US wheat export premiums at the US Gulf Coast held steady on Thursday as Egypt set a fresh tender to buy wheat on the world market and as futures prices eased following two days of strong gains, traders said. Egypt's GASC seeking cargoes of soft and/or mi

Published 16 Jul, 2011 12:00am

India's June natural rubber imports jump 60 percent

India's natural rubber imports in June jumped 60 percent on year to 19,118 tonnes as tyre makers raised overseas purchases to cash in on lower prices in other Asian countries, and the trend is likely to continue in coming months also as rubber is still ex

Published 16 Jul, 2011 12:00am

Malaysia's cocoa grindings fall four percent in second quarter

Cocoa grindings in Malaysia, Asia's largest grinder, fell 4 percent to 72,089 tonnes in the second quarter of 2011 from the same period last year, the Malaysian Cocoa Board (MCB) said on Friday. But grindings in the first half of this year rose 3.3 percen

Published 16 Jul, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 59,442 tonnes of cargo including 38,592 tonnes of import cargo, 20,850 tonnes of export cargo and 3,463 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 38,592 tonnes comprise

Published 16 Jul, 2011 12:00am

French analyst hikes EU wheat forecast after rain

French analyst Strategie Grains on Thursday raised sharply its outlook for soft wheat output in the European Union after rain last month revived crops parched by a spring drought in the west of the bloc. The analyst increased its estimate of 2011 soft whe

Published 16 Jul, 2011 12:00am

Slow phutti arrivals help prices stay firm

Prices were firm on the cotton market on Friday following the disruption in phutti arrivals to the ginneries, dealers said. The Karachi Cotton Association (KCA) official spot was unchanged at Rs 6,200, they said. Seedcotton rates in Sindh did not show any

Published 16 Jul, 2011 12:00am

No business seen on grain market

Almost all participants were busy in preparations for Juma prayers so no deal was reported on the wholesale grain and seed markets on Friday, grain and sees merchants group's press release said.

Published 16 Jul, 2011 12:00am

Germany, Italy resist second IEA oil release

Germany and Italy are expected to oppose any second release of emergency oil reserves by the International Energy Agency, which needs the backing of all 28 of its members if it is to pour more oil on a volatile crude market. The IEA is expected to confer

Published 16 Jul, 2011 12:00am

BHP unveils $12.1 billion merger with Petrohawk Energy

Anglo-Australian mining giant BHP Billiton Friday unveiled a $12.1-billion take-over of US firm Petrohawk Energy Corp that will allow it to tap into the lucrative US shale gas market. BHP will pay $38.75 a share, but the total value of the acquisition wil

Published 16 Jul, 2011 12:00am

China gives $400,000 to help poor states join WTO

China said on Friday that it is giving $400,000 (283,000 euros) to help the world's poorest countries join the World Trade Organisation or participate in the trade body's activities. "The China programme will finance the internships for least-developed co

Published 16 Jul, 2011 12:00am

China scores broad win in WTO fastener appeal against EU

China scored a broad victory Friday at the World Trade Organisation in its appeal against Brussels over EU anti-dumping measures imposed on imports of Chinese metal fasteners such as nuts and bolts. According to a ruling issued by the WTO, an appellate bo

Published 16 Jul, 2011 12:00am

Italy parliament passes austerity package

Italy's parliament on Friday gave definitive approval to a 48 billion euro austerity package aimed at averting a full scale financial crisis but there were growing questions about the government's capacity for further reforms. After what business daily Il

Published 16 Jul, 2011 12:00am

Citigroup profit surges

US banking giant Citigroup on Friday posted a strong rise in second-quarter profit, as falling credit losses offset a drop in revenues. Net income increased to $3.3 billion in the April-June period, marking a 24 percent jump from $2.7 billion in the same

Published 16 Jul, 2011 12:00am

Citigroup profit surges

US banking giant Citigroup on Friday posted a strong rise in second-quarter profit, as falling credit losses offset a drop in revenues. Net income increased to $3.3 billion in the April-June period, marking a 24 percent jump from $2.7 billion in the same

Published 16 Jul, 2011 12:00am

EU car sales see biggest drop in eight months

New car sales in the European Union suffered their biggest fall in eight months in June as economic uncertainty made consumers wary and some markets suffered from the withdrawal of state-sponsored scrappage schemes. Figures released on Friday by automaker

Published 16 Jul, 2011 12:00am

Spain launches airport sell-off

The Spanish government Friday took the first step in the partial privatisation of the airport operating authority AENA as well as of the Madrid and Barcelona airports. The government hopes the sale of the airports in Spain's two largest cities will bring

Published 16 Jul, 2011 12:00am

Gloomy US consumers cast dark cloud over economy

US consumer confidence hit a near 2-1/2 year low in early July and manufacturing output stalled in June, further frustrating expectations of a quick economic growth rebound in the second half of the year. Worries about stubbornly high unemployment pushed

Published 16 Jul, 2011 12:00am

China signs deals with UAE, Cyprus on bank oversight

China's bank regulator has signed agreements with the United Arab Emirates and Cyprus to share banking information and increase co-ordination in times of crisis. China Banking Regulatory Commission (CBRC) already has such agreements with 46 nations includ

Published 16 Jul, 2011 12:00am

Chinese store under fire over 'fake' imports

A Chinese retailer is being investigated over claims it passed off locally-made furniture as high-end Italian imports by shipping it back into the country to get import documents. Da Vinci is alleged to have charged thousands of dollars for furniture labe

Published 16 Jul, 2011 12:00am

Obama dismisses Republican plan without tax hikes

US President Barack Obama said Friday that Republican proposals for a budget deal without tax increases was not a serious plan. "That doesn't seem like a serious plan to me," Obama told a White House press conference, as he warned US lawmakers that the na

Published 16 Jul, 2011 12:00am

South East Asia markets: Philippine, Indonesian stocks up; trading subdued

Indonesian and Philippine stocks on Friday rose on optimistic earnings expectations in the financial sector, while Malaysian stocks were under pressure after a warning of a US credit rating downgrade by Standard & Poor's hurt industrial shares. South East

Published 16 Jul, 2011 12:00am

Nikkei edges up

The Nikkei share average rose on Friday, buoyed by European investors scooping up cyclical shares, but was capped by the top of the narrow range it has traded in for most of the week, with the majority of big players on the sidelines ahead of bank stress

Published 16 Jul, 2011 12:00am

Friday's early afternoon trade: stocks advance slightly

US stocks advanced slightly in volatile trading on Friday after results from the European banks' stress tests came out slightly better than expected. Wall Street started off higher, boosted by strong earnings from Google and Citigroup but soon gave up gai

Published 16 Jul, 2011 12:00am

Bernanke halts Wall Street rally; Google jumps

US stocks fell on Thursday as Fed Chairman Ben Bernanke backed off hints additional near-term stimulus could be on the way, removing a possible catalyst from a market already facing plenty of obstacles. Technology shares led the market lower and the Nasda

Published 16 Jul, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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