News Archives for Print - 2011-08-09

Print - 2011-08-09

Karachi interbank rates

Karachi interbank rates on Monday (August 08, 2011).

Published 09 Aug, 2011 12:00am

Brief recordings: MCB Bank Limited

MCB Bank Limited is the country's fourth largest commercial bank by assets. It was incorporated in 1947. MCB provides myriad banking facilities, with focus on four business segments:

Published 09 Aug, 2011 12:00am

Brief recordings: MCB Bank Limited

MCB Bank Limited is the country's fourth largest commercial bank by assets. It was incorporated in 1947. MCB provides myriad banking facilities, with focus on four business segments:

Published 09 Aug, 2011 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 09 Aug, 2011 12:00am

Russia to lift ban on EU vegetables

Russia will lift its ban on raw vegetables from all European Union countries starting on Tuesday, August 9, the head of the country's consumer watchdog was cited by Russian news agencies as saying on Monday. Russia banned imports of raw vegetables from th

Published 09 Aug, 2011 12:00am

Rains in Punjab and ginners' strike bring down activity on cotton market

Fresh rains in the Punjab and ginners' strike cut down trading activity on the cotton market on Monday, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,200, they said. In the ready business over 7000 bales of co

Published 09 Aug, 2011 12:00am

Chemical items mixed on Jodia Bazaar

The trading in chemical items closed mixed on Jodia Bazaar here on Monday. The following changes were noted.

Published 09 Aug, 2011 12:00am

Modest activity observed on grain market

Modest activity was seen on the wholesale grain market on Monday as buyers did not take interest in fresh purchasing, dealers said. On the rice side Irri-6 Sindh low type was inert at Rs 3725 while good type was lower by Rs 50 to Rs 3750 due to falling de

Published 09 Aug, 2011 12:00am

India's soyabean output likely to rise 10.5 percent in 2011-12

India's soyabean output in 2011/12 is likely to rise 10.5 percent to 10.5 million tonnes as farmers plant a larger area with the crop and rains are adequate, fuelling chances soyameal exports may rise in the year, a senior industry official said. "Area is

Published 09 Aug, 2011 12:00am

HRW wheat bids steady to firmer

Hard red winter wheat basis bids were steady to firmer Monday in a mostly quiet market. Harvesting of the hard red winter wheat crop was moving quickly toward completion, with Montana the current state of focus. In world wheat news, Australia, typically t

Published 09 Aug, 2011 12:00am

Vietnamese rice prices rise on high demand

Vietnamese rice prices have risen nearly 5 percent since late July and exporters are having trouble buying enough grain for loading following record sales last month, traders and state-run media said. Summer-autumn rice grade 1, used for processing the 5

Published 09 Aug, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 155,953 tonnes of cargo including 98,177 tonnes of import cargo, 57,776 tonnes of export cargo and 2,494 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 98,177 tonnes compris

Published 09 Aug, 2011 12:00am

US and European grain futures fall sharply

US and European grain futures fell sharply on Monday as a US debt downgrade fanned fears about the global economy and sparked fresh selling of commodities and shares. Major Asian and European equity markets tumbled despite efforts by global policy makers

Published 09 Aug, 2011 12:00am

European wheat futures fall on debt, economic jitters

European wheat futures accelerated losses on Monday as debt worries on both sides of the Atlantic, and concern about a weakening global economy, pushed investors to sell risky assets such as commodities. Major Asian and European equity markets tumbled des

Published 09 Aug, 2011 12:00am

As gold prices zoom, Indian buyers keep away from jewellery stores

Global price disruptions will keep Indians, the world's biggest gold buyers, away from jewellery stores for at least the next few weeks until demand is likely to rise with the onset of the traditional festival and wedding seasons. Zaveri Bazaar, India's b

Published 09 Aug, 2011 12:00am

Big oil find shows North Sea still vital: Statoil

Norway's Statoil announced a "high-impact oil discovery" in the North Sea, suggesting the area may have more life left than generally assumed after 40 years of drilling. "The North Sea is quite a basin - it never stops delivering," Statoil's senior vice p

Published 09 Aug, 2011 12:00am

China pushes Taiwan exports to record high

Taiwan's July export figures hit a better-than-expected monthly high of $28.12 billion on strong demand from China, officials and analysts said Monday. The value marked a rise of 17.6 percent year-on-year and an increase of 11.7 percent from the previous

Published 09 Aug, 2011 12:00am

Rio Tinto, Mitsubishi bid $1.6 billion to mop up Coal & Allied

Rio Tinto and Mitsubishi Corp have proposed buying out Coal & Allied for A$1.49 billion ($1.56 billion), aiming to take full control of the Australian miner to take advantage of strong coal prices. Rio and Mitsubishi offered A$122 a share, a 34 percent pr

Published 09 Aug, 2011 12:00am

Bahrain economy lost up to $2 billion due to unrest

Bahrain's economy has lost up to $2 billion due to political unrest that hit the Gulf Arab state in February, the head of the country's chamber of commerce was quoted on Monday as saying. The small non-Opec oil producer was thrown into turmoil in February

Published 09 Aug, 2011 12:00am

Dubai to repay $4 billion of maturing debt

Dubai said Monday it will repay in full $4 billion of debt maturing later this month from internal sources, as the Gulf emirate's economy grows steadily after being severely hit by the global crisis. The Investment Corporation of Dubai (ICD), which is the

Published 09 Aug, 2011 12:00am

Tyson Foods profit beats view, shares up

US meat producer Tyson Foods Inc reported a lower quarterly profit due to higher feed costs for its chickens, while strong pork exports helped results beat estimates. Tyson shares were up 2 percent in early trading, while the broader market was down 2.2 p

Published 09 Aug, 2011 12:00am

Tyson Foods profit beats view, shares up

Published 09 Aug, 2011 12:00am

Foreign investment in India jumps over 300 percent

Foreign direct investment (FDI) into India jumped more 300 percent in June to $5.65 billion, the second highest monthly inflow in the last 11 years, official data showed Monday. The figure, up from $1.38 billion in June last year, came as a rare piece of

Published 09 Aug, 2011 12:00am

Russia plans to triple state debt by 2014

Russia, which until now has borrowed relatively little, is envisaging a tripling of its public debt in the next three years amid sluggish growth and high spending, the finance ministry said on Monday. Russia plans to borrow hundreds of billions of dollars

Published 09 Aug, 2011 12:00am

PSG new boy Pastore under 'no pressure'

Javier Pastore was unveiled as a Paris Saint-Germain player on Monday and denied that there was any added pressure on him as France's most expensive player ever. The 22-year-old Argentinean midfielder signed from Italian Serie A side Palermo on Saturday f

Published 09 Aug, 2011 12:00am

Wasim 'puzzled' by Pakistan selection

Former Pakistan captain Wasim Akram said Monday he was surprised over the decision to exclude pacemen Wahab Riaz and Umar Gul from the forthcoming Zimbabwe tour, saying it would hamper their progress. Riaz and Gul were surprisingly rested while Tanveer Ah

Published 09 Aug, 2011 12:00am

Stepanek shocks Monfils to win Washington title

Radek Stepanek became the oldest winner of the ATP Washington Classic since Jimmy Connors in 1988, the 32-year-old Czech upsetting French top seed Gael Monfils 6-4, 6-4 in Sunday's championship match. Stepanek won his first ATP title in 2 1/2 years and th

Published 09 Aug, 2011 12:00am

Afghanistan beat Canada in rain-hit ODI

Afghanistan defeated Canada by two wickets in a rain-affected Intercontinental Cup One-day international at King City on Sunday. It was Afghanistan's second successive victory over the hosts after a nine-wicket win in a four-day fixture, a result that con

Published 09 Aug, 2011 12:00am

Zimbabwe toast win on Test comeback

Zimbabwe celebrated in style after ending their six-year absence from Test cricket with a 130-run victory over Bangladesh here on Monday. The jubilant home team had set the tourists a daunting target of 375 to win, and secured the victory when Kyle Jarvis

Published 09 Aug, 2011 12:00am

Kamran, Malik and Kaneria miss out on central contracts

Pakistan on Monday dropped under-scrutiny former captain Shoaib Malik, wicket-keeper batsman Kamran Akmal and leg-spinner Danish Kaneria from the list of players awarded contracts. The six-month contracts for 23 players from June to December this year, we

Published 09 Aug, 2011 12:00am

India greats in cash-for-comment row

Former India captains Sunil Gavaskar and Ravi Shastri have been accused of a conflict of interest amid claims payments from the Indian cricket board would sway their television commentary. The weekly news magazine Outlook devoted the front-page of its lat

Published 09 Aug, 2011 12:00am

Venus Williams pulls out of Toronto WTA

Venus Williams withdrew from the WTA Tour's Rogers Cup starting here on Monday because of illness, organisers said. Williams said she wasn't feeling well and consulted a doctor on Sunday. She was diagnosed with a viral illness and said she was "extremely

Published 09 Aug, 2011 12:00am

Pakistan and Egypt hockey match ends in a draw

The match between Pakistan and Egypt's junior hockey teams ended in a draw on late Sunday in the 5-Test Match Series against Egyptian Hockey team in Cairo, Egypt. Pakistan's scorers were Waseem abbas and Muhammad Dilber. On August 9 Pakistan junior team w

Published 09 Aug, 2011 12:00am

Pakistani team to take part in Indian cycle race

Pakistan cycling federation will hold trials here on August 10 for the selection of riders to attend a camp for the build up of the team to participate in an international cycle race being held on September 4 in New Delhi. "The trials will be held in the

Published 09 Aug, 2011 12:00am

Radwanska wins San Diego title

Agnieszka Radwanska dominated top seed Vera Zvonareva 6-3, 6-4 on Sunday to claim her first title in three years with victory at the WTA San Diego Open. Radwanska, the third seed from Poland, played all week with a nerve problem in her heavily taped right

Published 09 Aug, 2011 12:00am

Pakistan reach SAFF U-16 football final

Pakistan Under-16 football team made history, as it qualified for the final of the inaugural SAFF U-16 Football Championship after a tough semi-final against Bangladesh at Kathmandu on Monday. Pakistan's two best players Mansoor Khan and Sher Ali scored a

Published 09 Aug, 2011 12:00am

Moody's warns against Japan FX action, BoJ on alert

Moody's Investors Service warned Japan that ineffective currency intervention would be negative for its sovereign ratings and would not help it restore its finances, even as G7 policymakers tried to show solidarity against market turmoil sparked by US and

Published 09 Aug, 2011 12:00am

Iran gets one billion euros of India oil cash

Iran has received 1 billion euros ($1.4 billion) from India in the last 10 days for long overdue oil debts, indicating the likely end of a sanctions-related problem that had blocked payments all year, an Iranian official said on Monday. Indian refiners ex

Published 09 Aug, 2011 12:00am

McDonald's comparable sales up 5.1 percent

McDonald's Corp posted a 5.1 percent increase in July sales at established restaurants on Monday, helped by smoothies and other drinks in the United States and growth in its breakfast business in Europe. The world's largest hamburger chain said sales at r

Published 09 Aug, 2011 12:00am

McDonald's comparable sales up 5.1 percent

Published 09 Aug, 2011 12:00am

'Plenty of room' to counter slow growth: Geithner

US Treasury Secretary Timothy Geithner said Monday that it was unlikely the United States would sink back into recession, adding the government has the tools to counter slow growth. "I know there's this perception around there that there's no room for pol

Published 09 Aug, 2011 12:00am

S&P downgrades mortgage giants Fannie, Freddie

Standard & Poor's downgraded mortgage giants Fannie Mae and Freddie Mac from triple-A to AA+ Monday, citing their direct reliance on the US government, which it downgraded last Friday. S&P also downgraded 10 out of 12 Federal Home Loan Banks and the senio

Published 09 Aug, 2011 12:00am

Taiwan unveils eco-friendly rewritable 'paper'

A group of Taiwan scientists have developed an environmentally friendly form of rewritable electronic paper that works without electricity. Unlike the e-book technology now available on the market, the rewritable e-paper called "i2R e-paper" does not need

Published 09 Aug, 2011 12:00am

German air traffic controllers to strike

A Frankfurt court said Germany's air traffic controllers can strike for six hours on Tuesday morning in a dispute over pay and conditions, a move which will disrupt thousands of flights in a busy summer week. The DFS air traffic authority said on Monday i

Published 09 Aug, 2011 12:00am

Eurozone investors gloomiest for nearly two years

Eurozone investor sentiment plummeted going into August, hitting its lowest level since September 2009 amid concerns global policymakers lack the tools to respond effectively to a deepening economic crisis, a survey showed. Market research group Sentix sa

Published 09 Aug, 2011 12:00am

West 'ignoring responsibility' on debt: China

China accused Western nations Monday of putting the global economic recovery at risk by "ignoring their responsibility", in an editorial published days after an unprecedented US credit rating downgrade. The criticism in the People's Daily - the mouthpiece

Published 09 Aug, 2011 12:00am

BMW posts record sales

The world's leading luxury automaker, BMW, reported on Monday record sales in July as deliveries gained 7.6 percent on the year to 129,094 vehicles owing to "substantial gains in many markets." So far this year, the BMW group, which also owns the Mini and

Published 09 Aug, 2011 12:00am

J.P Morgan says gold may jump to $2,500

J.P. Morgan said on Monday it expects spot gold prices to climb to $2,500 an ounce or higher by year-end, on very high volatility, following the downgrade of US debt. "Before the downgrade, our view was that cash gold could average $1,800 per ounce by yea

Published 09 Aug, 2011 12:00am

G20 ready to act together to stabilise markets

Members of the Group of 20 leading industrialised and developing nations said Monday they are ready to act together to stabilise financial markets and protect growth. The joint statement was released by South Korea after further sharp falls on Asian bours

Published 09 Aug, 2011 12:00am

ECB backs Italy, Spain in bid to halt euro crisis

The European Central Bank intervened dramatically in bond markets on Monday, backing up a verbal pledge to support Spain and Italy with action in an attempt to avert a financial meltdown in the eurozone. Significant ECB bond-buying - the only practical re

Published 09 Aug, 2011 12:00am

Most Middle East markets end lower on global woes

Most Middle East markets edged lower on Monday on lingering investor concerns about slowing global growth but declines were stymied after the European Central Bank said it was buying bonds of euro zone strugglers Italy and Spain. The Saudi market, the lar

Published 09 Aug, 2011 12:00am

Taiwan stocks plunge

Taiwan stocks plunged 3.82 percent to a 13-month closing low on Monday, joining other declining Asian bourses following a downgrade of the US credit rating. Tech and financial issues such as Cathay Financial led falls. But Apple supplier Largan Precision

Published 09 Aug, 2011 12:00am

China, Hong Kong stocks plummet

Hong Kong and China shares fell sharply on Monday to their lowest since July 2010, with retail investors selling bank stocks and industrials in the wake of a US credit rating downgrade that added to widespread risk reduction that was already under way.

Published 09 Aug, 2011 12:00am

Monday's midday trade: Wall Street sinks

Investors fled stocks on Monday in the first session since Standard & Poor's cut the AAA credit rating of the United States, adding to worry about the economic outlook and Washington's ability to meet the challenges. The losses on Monday followed Wall Str

Published 09 Aug, 2011 12:00am

Indian shares fall

Indian shares shed 1.8 percent on Monday, taking their losses to more than 7 percent over five straight sessions, after Standard & Poor's downgrade of the US sovereign debt rating triggered a flight from risky assets in global stock markets. Indian policy

Published 09 Aug, 2011 12:00am

Seoul shares hit lowest close in 10 months

Seoul shares recovered slightly from an over 7 percent nose-dive on Monday but still posted their lowest close in 10 months, as retail investors stepped up selling on the US credit rating downgrade. The Korea Composite Stock Price Index finished 3.82 perc

Published 09 Aug, 2011 12:00am

Nikkei slides over two percent

Japan's Nikkei stock average slid more than 2 percent on Monday as weak sentiment following Standard & Poor's downgrade of the United States' credit rating was exacerbated by futures selling after Asian markets tumbled. Analysts warned that persistent wor

Published 09 Aug, 2011 12:00am

Growth concerns push European shares to two-year low

European stocks touched their lowest level in nearly two years on Monday as rating agency Standard & Poor's move to downgrade US debt ignited concerns that the world's biggest economy could slip back into recession. Automobile and mining shares bore the b

Published 09 Aug, 2011 12:00am

South East Asian markets decline

Southeast Asian stock markets fell on Monday in active trade, led by Singapore, on concern about the global economic outlook after Standard & Poor's downgraded the credit rating of the United States. Singapore ended 3.7 percent weaker at a 13-month closin

Published 09 Aug, 2011 12:00am

Greek regulator bans short-selling for two months

Short-selling will be banned on the Athens bourse for two months starting August 9, Greece's stock market regulator said on Monday. The Athens bourse index closed down 6 percent on Monday, a fall nearly twice as steep as that of European peers, dropping t

Published 09 Aug, 2011 12:00am

Greek regulator bans short-selling for two months

Published 09 Aug, 2011 12:00am

FTSE hits 13-month low

The FTSE 100 fell for the seventh consecutive trading day on Monday, with investors continuing to drop stocks in favour of safer assets, unconvinced that governments and central banks have a grip on the global debt crisis. Miners, banks and integrated oil

Published 09 Aug, 2011 12:00am

Key dollar rates climb

Dollar interbank funding costs rose near four-month highs on Monday as the loss of one of the US top-notch credit ratings and doubts about the efficacy of stepped-up ECB bond purchases stoked worries a broader financial crisis was developing. Investors dr

Published 09 Aug, 2011 12:00am

Euro jumps in Asia

The euro jumped on Monday after the European Central Bank announced steps to ease tensions in the eurozone debt market, while the Group of Seven major industrial nations reaffirmed their vow to support financial market stability and growth. But as both in

Published 09 Aug, 2011 12:00am

Early trade in New York: safe haven franc, yen soar

The safe haven Swiss franc and the yen soared against the dollar and euro on Monday after the US debt rating downgrade and on fears the eurozone debt crisis could spread, despite efforts to contain it. The euro last traded at $1.4216, near a session low o

Published 09 Aug, 2011 12:00am

Euro falls broadly in London

The euro shed early gains against the dollar and fell versus other currencies on Monday as initial relief over European Central Bank purchases of Spanish and Italian government bonds fizzled out in the face of a further selloff of risky assets. The US cur

Published 09 Aug, 2011 12:00am

Won sees worst day in nine months

The South Korean won suffered its worst day in nearly nine months on Monday as investors kept chopping exposure to emerging Asian currencies and stocks amid mounting jitters about the US and Europe. Finance ministers of the Group of Seven pledged co-ordin

Published 09 Aug, 2011 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 74.73/74.75 (previous 74.74/74.75). Call Money Rates: 6.50-10.00 percent (previous 6.65-11.00 percent).

Published 09 Aug, 2011 12:00am

Indian rupee slides

The Indian rupee slid to a near six-week low on Monday, dragged by weak local shares and fears of foreign fund outflows on renewed risk aversion stoked by global economic uncertainty. The partially convertible rupee ended at 44.9650/9750 per dollar, 0.5 p

Published 09 Aug, 2011 12:00am

Swiss franc at new peak versus dollar

The Swiss franc stampeded to a new peak against the dollar on Monday, with risk aversion on the rise after ratings agency Standard & Poors cut the credit rating of the United States. Worries about debts in the eurozone also helped lift the franc against t

Published 09 Aug, 2011 12:00am

Sterling rises versus euro

Sterling traded close to two-month highs against a broadly weaker euro on Monday as investors worried European Central Bank buying of Spanish and Italian bonds would have only a limited positive impact on the eurozone's debt crisis. A lack of UK data or n

Published 09 Aug, 2011 12:00am

Aussie and New Zealand dollars slump

The Australian and New Zealand dollars slumped to multi-week lows on Monday as investors rushed to safe-haven assets like the Swiss franc and gold, ignoring efforts by global policymakers to stabilise markets and restore confidence. The Aussie slumped to

Published 09 Aug, 2011 12:00am

Yuan at record high

The yuan jumped to a record high versus the dollar on Monday after the People's Bank of China set a historical high mid-point following a drop in the dollar index after Standard & Poor's downgraded the US credit rating. Spot yuan hit a record and intraday

Published 09 Aug, 2011 12:00am

Call to enlighten youth about country's history

The senior citizens of federal capital have urged the government to create awareness among the young generation about Pakistan's history as the majority of them do not know about Pakistan's Resolution, first Governor General, President and Prime Minister.

Published 09 Aug, 2011 12:00am

Failure of Commissionerate System: Citizens hope LG system will solve basic problems

Citizens hoping that restoration of local government system 2001- first to Karachi, Hyderabad and subsequently across Sindh will solve their basic problems, saying the just overridden commissioner system was meant to empower the bureaucracy against the pu

Published 09 Aug, 2011 12:00am

60 held in LEA operation in Quetta

Law enforcement agencies arrested as many as 60 suspected people in the provincial capital on Monday after the killing of three police personnel including a senior police official. "Law enforcement agencies including Frontier Corps, police and Balochistan

Published 09 Aug, 2011 12:00am

Rain forces adjournment of National Assembly session

The National Assembly session on Monday was adjourned soon after recitation from the Holy Quran due to lack of quorum. Many members of the National Assembly could not turn up due to heavy rain in Islamabad. Rainwater entered Parliament House and heavy mon

Published 09 Aug, 2011 12:00am

Monsoon system entering Balochistan today

The Met Office has predicted entering of monsoon system in Balochistan on Tuesday and widespread monsoon rains thunderstorm showers at times in part of the province. When contacted the Met Office sources told APP on Monday that the current meteorological

Published 09 Aug, 2011 12:00am

'Relations with Sharifs have soured': Nisar's absence from political scene gives rise to speculations

The long disappearance of Leader of the Opposition in National Assembly Chaudhry Nisar Ali Khan from the political scene has given birth to several speculations including differences with Sharif brothers due to relations with Malik Riaz, a property tycoon

Published 09 Aug, 2011 12:00am

Low floods in river Kabul, Swat

As most of the rivers in Khyber Pakhtunkhwa were flowing normally, low floods were reported in River Kabul at Warsak, River Panjgora at Taimargara, River Swat at Khyali and at River Adezai in Adezai. The water discharge remained at 32,140 cusecs in River

Published 09 Aug, 2011 12:00am

Girl drowns in Sindh River

A nine-year old girl drowned in River Sindh near Chachran Sharif on Monday, police said. The nine-year old girl, Samina, daughter of Nazar Muhammad of Chachran Sharif was taking bath in the river. During this course of action she went into deep water and

Published 09 Aug, 2011 12:00am

Qasr-e-Zauq scam: LHC extends interim bail of three accused till October 16

A division bench of the Lahore High Court on Monday extended interim bail of three accused, involved in Rs 1.38billion forex-cum-property scam, till August 16. The accused including former provincial minister Iqbal Tikka Iqbal, Rana Muhammad Azam and Muha

Published 09 Aug, 2011 12:00am

Mogadishu residents flee Somali rebel clashes

Residents fled from pockets of violence around Mogadishu Monday, two days after a surprise rebel pullback that had led the government to claim it fully controlled the famine-stricken city. Fighting erupted in several areas in the south and north of the ci

Published 09 Aug, 2011 12:00am

Great Australian WWII heroine dies at 98

Nancy Wake, Australia's greatest World War II heroine and a prominent figure in the French Resistance known as the "The White Mouse" for her ability to evade the Germans, has died in London. Australian Prime Minister Julia Gillard said the woman who was o

Published 09 Aug, 2011 12:00am

Rebels plan push towards Tripoli

Libyan rebels who seized this town 80 km (50 miles) south of Tripoli said on Monday they would now push on towards Muammar Qadhafi's stronghold in the capital but expected a tough fight. This small settlement in the desert is now the closest rebel positio

Published 09 Aug, 2011 12:00am

Mugabe calls Nato a 'terrorist group'

Zimbabwean President Robert Mugabe on Monday brandished Nato a 'terrorist' organisation over attacks in Libya, saying the military alliance wanted to kill veteran leader Muammar Qadhafi. "So you get mad people in Europe. Mad people who refuse and reject t

Published 09 Aug, 2011 12:00am

Norway gunman took drugs ahead of attack

Anders Behring Breivik was under the influence of illegal drugs when he carried out the July 22 twin attacks in Norway, killing 77 people, police said Monday. "I can confirm that he had used illegal drugs. I do not want to comment on what kind of products

Published 09 Aug, 2011 12:00am

UK soldier kept fingers of dead Taliban

A British soldier fighting in Afghanistan is being investigated over claims he cut off the fingers of dead Taliban insurgents and kept them as souvenirs, the Sun newspaper said on Monday. The allegations centre around a soldier who served with the Argyll

Published 09 Aug, 2011 12:00am

Storm kills four in South Korea

Tropical Storm Muifa left four people dead and two missing as it battered South Korea's west coast with strong winds and rain, officials and media reports said Monday. Winds toppled hundreds of power lines, signposts and trees as the storm moved northward

Published 09 Aug, 2011 12:00am

Ukraine keeps former Prime Minister Tymoshenko in police custody

A judge on Monday refused to release former Ukrainian Prime Minister Yulia Tymoshenko from police detention, increasing political tension around her trial on a charge of abuse of office. Ukrainian special forces clashed with her supporters outside the cou

Published 09 Aug, 2011 12:00am

Dalai Lama's political successor sworn in

Lobsang Sangay, a 43-year-old Harvard scholar, was sworn in Monday as head of the Tibetan government in exile, replacing the Dalai Lama as the movement's political leader. In an historic shift from the dominance of Tibetan politics by religious figures, t

Published 09 Aug, 2011 12:00am

Court suspends Australia-Malaysia refugee swap

Australia's High Court Monday halted the controversial transfer of asylum seekers to Malaysia, preventing the government from sending its first group as planned. The decision puts Canberra's proposals to send up to 800 boatpeople to Malaysia on hold for a

Published 09 Aug, 2011 12:00am

Eight killed in US shooting

A gunman has shot nine people and killed seven - including three children - before police shot him dead in a small town in Ohio, officials said. The rampage - which was apparently rooted in a domestic dispute - left bodies strewn across an otherwise quiet

Published 09 Aug, 2011 12:00am

Downing of US chopper a 'one-off': Pentagon

The downing of a US helicopter by Afghan insurgents amounts to a "one-off" incident that will not alter US strategy or the course of the war, a Pentagon spokesman said Monday. "I would caution people against reading too much into a single combat incident,

Published 09 Aug, 2011 12:00am

New York cotton end sharply lower

Cotton futures closed sharply lower Monday on investor sales as the selling spree sparked by the US credit downgrade pulled fibre contracts down and will likely depress values this week, analysts said. World stocks sank to the lowest level in nearly a yea

Published 09 Aug, 2011 12:00am

Shanghai copper dips

The most-active October copper contract on the Shanghai Futures Exchange down 1.6 percent at 67,460 yuan on Monday, catching up with London's previous losses. It fell 2.8 percent at one point to 66,630 yuan, also its lowest since June 27, before paring lo

Published 09 Aug, 2011 12:00am

Base metals plummet

Industrial metals fell sharply on Monday in a sell-off in risky assets after a downgrade to the credit rating of the United States intensified fears of a global economic slowdown which could hurt demand for metals. Benchmark three-month copper on the Lond

Published 09 Aug, 2011 12:00am

Oil slumps five percent

Oil plunged 5 percent on Monday, crashing below technical support levels as the reduction of the top-tier US credit rating hammered markets and stoked concerns of an economic slowdown. Brent crude broke through the 200-day moving average after shedding ne

Published 09 Aug, 2011 12:00am

Tokyo, Shanghai rubber fall

Tokyo rubber futures fell to a three-week low on Monday, tracking falling oil prices and stocks, which were hit by a US credit rating downgrade and the debt crisis in Europe, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for

Published 09 Aug, 2011 12:00am

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Published 09 Aug, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 18	277.72
USD PKR Interbank Buying / Oct 18	277.52
USD to Japanese Yen / Oct 18	150.08
USD to Swiss Franc / Oct 18	0.87
Pound Sterling to USD / Oct 18	1.31
Euro to USD / Oct 18	1.08

Stock	Volume
S&P 500 / Oct 17	5,841.47
Nasdaq / Oct 17	18,373.61
Dow Jones / Oct 17	43,239.05
India Sensex / Oct 18	81,255.34
Tokyo Nikkei / Oct 18	38,981.75
Hang Seng / Oct 18	20,782.51
FTSE 100 / Oct 18	8,357.65
Germany DAX 30 / Oct 18	19,583.37

Item	Value
Gold 10 Grams PKR / Oct 17	238,254
Petrol/Litre / Oct 18	247.03
Crude Oil USD/Barrel / Oct 18	71
Karachi Cotton PKR/37.32 KG / Oct 18	17,885
Gold Spot USD/Ounce / Oct 18	2,708.54
Diesel/Litre / Oct 18	251.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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