News Archives for Print - 2011-08-21

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 Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

Saudi stocks plunge

Saudi shares closed 2.6 percent lower on Saturday with losses in all sectors, following declines in US and European stock markets. The all-share closes at 5,931 points, dragged down by the petrochemical sector which lost 3.8 percent lower to 5,928 points.

Published 21 Aug, 2011 12:00am

Turkish equities, bonds rise

Turkey's heavily-sold equities reversed morning losses of 3 percent to close 2 percent higher on Friday helped by gains in US equities and on expectations of future rate cuts in Turkey which pushed bond yields lower. The lira also trimmed some losses agai

Published 21 Aug, 2011 12:00am

Turkish equities, bonds rise

Turkey's heavily-sold equities reversed morning losses of 3 percent to close 2 percent higher on Friday helped by gains in US equities and on expectations of future rate cuts in Turkey which pushed bond yields lower. The lira also trimmed some losses agai

Published 21 Aug, 2011 12:00am

TSX plummets on nagging recession fears

Toronto's main stock index dropped sharply for a second day on Friday as financial and energy issues were hit by fears of a new US recession and by a Bank of Canada warning on risks to the global economy. The index reversed an earlier rally on the back of

Published 21 Aug, 2011 12:00am

Latam stocks lower

Latin American stocks fell on Friday as deepening fears of a US recession and a wider financial crisis that could result from Europe's debt troubles kept investors cautious. The MSCI Latin America stock index fell 0.48 percent as a rebound last week from

Published 21 Aug, 2011 12:00am

Long-end Japanese bond slips

Long-end Japanese government bond prices slipped while shorter-dated bonds gained on Friday as investors bet on faltering growth in the near future and on a further deterioration in Japan's credit ratings down the road. Market players say some investors,

Published 21 Aug, 2011 12:00am

Long-end Japanese bond slips

Long-end Japanese government bond prices slipped while shorter-dated bonds gained on Friday as investors bet on faltering growth in the near future and on a further deterioration in Japan's credit ratings down the road. Market players say some investors,

Published 21 Aug, 2011 12:00am

Pactual takes first step towards possible IPO

BTG Pactual, Brazil's largest independent securities firm, on Friday took the first step towards a possible initial share offering by filing a request with regulators to become a publicly listed company. The plan does not imply "imminent" share or debt of

Published 21 Aug, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 66,470 tonnes of cargo including 33,632 tonnes of import cargo, 32,838 tonnes of export cargo and 3,434 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 33,632 tonnes compri

Published 21 Aug, 2011 12:00am

US Midwest corn and soya bids steady to lower

Spot basis bids for corn and soyabeans were steady to lower around the US Midwest on Friday, pressured by waning demand for old-crop supplies as the harvest nears, grain merchants said. Many processors and ethanol plants are said to have sufficient suppli

Published 21 Aug, 2011 12:00am

India's STC sees gold imports up 25 percent in year to March 2012

India's government-run gold importer State Trading Corporation (STC) expects a 25 percent jump in its imports to 125 tonnes in the year to March 2012 due to surging investment demand, its top official said on Friday. "There might be a temporary dip in dem

Published 21 Aug, 2011 12:00am

Canadian canola futures rise

ICE Canadian canola futures rose on Friday in thin volume to finish with its first weekly gain in six weeks. Stronger US soy futures, which were supported by a weak US dollar, short-covering and worries that Midwest rains might fall short, lifted canola.

Published 21 Aug, 2011 12:00am

Price differentials in Europe's cocoa market in wide range

Price differentials in Europe's cash cocoa market were quoted in a wide range this week with good industry supply cover, the holiday period and firm cocoa futures combining to restrict demand. "I have the impression that quite a few of the big industry co

Published 21 Aug, 2011 12:00am

Prices turn easy in thin trade on grain market

Thin business was seen on the wholesale grain market on Saturday as most of the buyers were sidelined partly because of city's disturbed law and order situation, dealers said. On the cereal side wheat old Bardan and wheat new Bardan both gained Rs 10 to R

Published 21 Aug, 2011 12:00am

Bumper Ukrainian, Russian wheat exports expected

Ukraine and Russia, top wheat exporters in the Black Sea region, are ready to shake the global market with bumper wheat shipments, which could soar to 25-30 million tonnes in 2011/12, analysts said. Ukraine, which exported about 4 million tonnes of wheat

Published 21 Aug, 2011 12:00am

Trading activity improves on cotton market as rates attract buyers

Mills and spinners were busy in finalising news deals because rates were matching with their psychological level, dealers said on Saturday. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,500, they said. In the ready business

Published 21 Aug, 2011 12:00am

Oil cake market rates

The December vaida was down while the January vaida was unchanged on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract that had ended at Rs 1314.50 and commenced with a fall of 10 paisa to Rs 1314

Published 21 Aug, 2011 12:00am

In Short: Vietnam's robusta premiums dip

Premiums for Vietnam's robusta coffee slipped from an all-time high ahead of the new harvest in October, while trading slowed to a trickle in neighbouring Indonesia before a Muslim religious festival, dealers said on Wednesday. Vietnam's grade 2, 5 percen

Published 21 Aug, 2011 12:00am

In Short: Turkmenistan plans to raise 2012 wheat crop

Turkmenistan plans to increase its 2012 wheat crop by 23 percent year-on-year to 1.6 million tonnes after missing its forecast for the current year, a source in the government of the Central Asian country said on Thursday. The campaign to sow 860,000 hect

Published 21 Aug, 2011 12:00am

In Short: World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 89.94 cents per lb, effective through August 25. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next announc

Published 21 Aug, 2011 12:00am

In Short: Vietnam revises down coffee exports

Vietnam shipped 53,100 tonnes (884,000 bags) of coffee in July, a drop of 21 percent on the year, the customs department said, revising down slightly a government estimate from last month. The revised volume brought Vietnam's coffee exports between Januar

Published 21 Aug, 2011 12:00am

In Short: milling wheat

Ukraine's Farm Ministry said on Friday the share of milling wheat in the 2011 wheat harvest had reached 70 percent as of August 18 compared to about 60 percent a month earlier. "The proportion of milling wheat amounts to 70 percent against 30 percent of f

Published 21 Aug, 2011 12:00am

Investors seeking safety push gold to record highs

Gold spiked to another all-time high last week as slumping global stock markets sent investors fleeing for the safe-haven precious metal while industrial commodities dived on the back of a weak demand outlook. World equities took another beating on Friday

Published 21 Aug, 2011 12:00am

India's Alok Industries sees 2011/12 cotton demand higher

India's largest textile maker Alok Industries expects its cotton consumption to rise more than 10 percent in the current fiscal year, faster than the economy, even though polyester will drive most of its growth, the firm's finance head said. "We are betti

Published 21 Aug, 2011 12:00am

US wheat ends up three percent on crop worries

US wheat futures rose 3 percent on Friday, ending the week higher on production worries and a setback in the dollar that helped insulate grain markets from fears that the United States could slip into another recession. Spring wheat futures on the Minneap

Published 21 Aug, 2011 12:00am

India may consider more rice exports

The Indian government may consider more non-basmati rice exports in addition to one million tonnes already approved, Food Minister K.V. Thomas said on Wednesday, as part of its efforts to trim bulging stocks. India, the world's second-biggest rice produce

Published 21 Aug, 2011 12:00am

Cocoa harvest yields poor beans; powder in demand

The main cocoa harvest was underway in Indonesia's major growing island of Sulawesi but higher bean count indicated poorer quality, while extreme weather could damage the next crop later this year, dealers said on Thursday. Slow shipments also suggested t

Published 21 Aug, 2011 12:00am

Thai sugar premiums hardly move; Philippines desperate

Thai sugar premiums were stuck in a range as the prospect of more supply in Asia kept consumers at bay, while the Philippines was desperate to sell the sweetener due to rising output and high domestic stocks, dealers said on Tuesday. Raw sugar from the Ph

Published 21 Aug, 2011 12:00am

Vietnam rice prices sharply higher

Rice prices in Vietnam have risen above those in Thailand for the first time in years and the increase has forced Vietnamese exporters to default on around 200,000 tonnes, Thai traders said on Wednesday, although traders in Vietnam denied this. Vietnam's

Published 21 Aug, 2011 12:00am

Obama accuses Congress of holding back US recovery

A vacationing US President Barack Obama accused Congress on Saturday of holding back the US economic recovery by blocking "common sense" measures he said would create jobs and help growth. In remarks recorded on Wednesday on his campaign-style bus tour in

Published 21 Aug, 2011 12:00am

Saudi Arabia's central bank sees moderate price pressures in third quarter

Saudi Arabia's central bank expects inflationary pressures in the biggest Arab economy to continue at a moderate pace in the third-quarter of this year, it said on Saturday. Consumer prices in the world's top oil exporter are expected to climb further thi

Published 21 Aug, 2011 12:00am

Belgium finance minister says debt crisis as bad as 2008

The current sovereign debt crisis is at least as severe as the 2008 crisis in the banking sector, Belgian Finance Minister Didier Reynders said in an interview published on Saturday. "We are in a crisis situation at least as heavy as the one we knew in th

Published 21 Aug, 2011 12:00am

Biden visits China economic boom town

US Vice President Joe Biden witnessed China's economic awakening at first hand Saturday with a visit to the boom town of Chengdu, as an apparent crackdown on dissent accompanied his visit. Biden headed south-west to the manufacturing hub after talks in Be

Published 21 Aug, 2011 12:00am

India plans to encourage gold refining

India plans to encourage refining of locally made coins and bars for traders and investors of precious metals, a government official said, a move that could reduce shipments from overseas sellers. Domestic refining capacity is very minimal in India and th

Published 21 Aug, 2011 12:00am

SAP says strong demand defies talks of crisis

Germany's SAP, the world's biggest maker of business software, said confidence among its clients in no way reflected reported fears of a looming economic downturn. "Things are still looking good with our customers out there. There is a lot of momentum at

Published 21 Aug, 2011 12:00am

India sets nine percent growth target despite global woes

India aims to accelerate economic growth to nine percent, despite deepening global financial worries and stubborn domestic inflationary pressures, Prime Minister Manmohan Singh said on Saturday. The higher growth target comes even though India's hawkish c

Published 21 Aug, 2011 12:00am

Germany rebuffs renewed euro bond debate

Germany on Saturday rebuffed renewed calls that eurozone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already.

Published 21 Aug, 2011 12:00am

Germany rebuffs renewed euro bond debate

Germany on Saturday rebuffed renewed calls that eurozone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already.

Published 21 Aug, 2011 12:00am

Japan mulling another FX intervention

Japan is considering intervening in the currency market again to stem further yen gains after the currency's overnight ascent to a fresh record high against the dollar, the Nikkei newspaper said on Saturday. If the yen continues to rise, Japanese authorit

Published 21 Aug, 2011 12:00am

BofA ML plans Russia, Poland investment bank push

Bank of America Merrill Lynch is ramping up in Russia and Poland to tap into their growth prospects and privatisation deals, one of its top investment bankers said. The biggest US bank is looking to boost its market share in Poland, after a recent batch o

Published 21 Aug, 2011 12:00am

Investors seeing gold in US farmland, infrastructure

The overall US economy may be struggling against a double-dip recession but in farm country the boom times have rarely been better. Farmland prices are setting records and farmer incomes have been buoyed by exports and biofuels, easing the pain of some ro

Published 21 Aug, 2011 12:00am

US closes three more banks, 68 so far in 2011

US regulators closed three banks on Friday, bringing the total number of foreclosures this year to 68, as the pace of bank failures slows. The Federal Deposit Insurance Corporation (FDIC) expects the year-end tally of closures to be below last year's tota

Published 21 Aug, 2011 12:00am

TUI to cut 400 jobs in Germany

German tourism and shipping group TUI AG plans to cut up to 400 jobs in Germany as it aims to reduce costs, Germany's Sueddeutsche Zeitung reported on Saturday. The cutbacks will affect the Hanover headquarters of TUI Travel's German business, the paper s

Published 21 Aug, 2011 12:00am

Public-private deals to ease Africa's infrastructure: IFC

Expected aid cutbacks in developed nations and a push by some African governments to tackle yawning infrastructure gaps by public-private partnerships present a real opportunity for investors on the continent, the World Bank private sector arm said on Fri

Published 21 Aug, 2011 12:00am

Epson Korea says cyber attack affects 350,000 customers

Epson Korea Co, Ltd on Saturday hackers had breached the personal data of its 350,000 registered customers last week, the latest in a series of cyber attacks involving a huge number of victims in the country. An official at the South Korean affiliate of S

Published 21 Aug, 2011 12:00am

Singapore's Keppel Land secures China land

Keppel Land, the property arm of world's largest rig builder Keppel Corp, said its unit in China has secured a 21.5-hectare lakefront residential site in the country for 1.937 billion yuan ($303 million). The site, located in Binhu district in Wuxi of Chi

Published 21 Aug, 2011 12:00am

Mexico ratings well-anchored: Fitch

Mexico has to contain drug violence, improve competitiveness and stay on the budget straight and narrow to keep its good standing in the eyes of global investors, a Fitch analyst said on Friday. Mexico's foreign-currency debt rating was "fairly well-ancho

Published 21 Aug, 2011 12:00am

India plans manufacturing policy to boost job creation

India aims to sharply crank up its manufacturing base to help provide jobs to 100 million young people who will join the workforce by 2025, a minister said Friday. "About 100 million young people will enter the job market and emphasis on manufacturing is

Published 21 Aug, 2011 12:00am

India asks sugar mills to register for exports

Indian government has asked sugar mills to register for an additional 500,000 tonnes of unrestricted sugar exports, a statement said. The food ministry would give permission to the mills to exports within three days after their applications, the statement

Published 21 Aug, 2011 12:00am

England 591-6 declared against India

England, after winning the toss, declared their first innings on a score of 591 for six on the third day of the fourth Test against India at The Oval here on Saturday. Ian Bell's Test-best 235 was the cornerstone of a total that also featured 175 from Kev

Published 21 Aug, 2011 12:00am

India 103 for five at close

India were 103 for five at stumps in their first innings on the third day of the fourth Test at The Oval on Saturday in reply to England's 591 for 6 declared. Rahul Dravid, on 57, and skipper Mahendra Singh Dhoni, on five, were the not out batsmen.

Published 21 Aug, 2011 12:00am

Djkovic eases through, Nadal, Federer out

Novak Djokovic survived a scare before easing through to the semis, but Rafael Nadal and Roger Federer's US Open preparations hit a snag at the ATP Cincinnati Masters on Friday. World No 1 Djokovic outlasted Frenchman Gael Monfils to win 3-6, 6-4, 6-3 in

Published 21 Aug, 2011 12:00am

Two Pakistani judokas depart for France

Two judokas Karamat Butt (-81kg) and Mohammad Pervez (-100kg) departed for France on Saturday to participate in the 28th World Judo Championships beginning from August 23. Brigadier Iqtidar Naseer Ahmed, Director of Army Sports Directorate who is the mana

Published 21 Aug, 2011 12:00am

National disable cricket championship from September 8

As many as 12 teams will feature in the third edition of National Disable Cricket Championship to be held in Lahore from September 8. A spokesman of Pakistan Disabled Cricket Association said that Karachi will be defending its title in the competition in

Published 21 Aug, 2011 12:00am

Bolt confident for world 100 metres

Usain Bolt, the world's fastest man, predicted on Saturday he would retain his world 100 metres title in Daegu, South Korea, easily this month provided he gets a decent start. "If I get a good start...it won't be a problem for me," the lanky Jamaican told

Published 21 Aug, 2011 12:00am

Doherty, Lee star in Australia's series win

Xavier Doherty and Brett Lee took four wickets apiece as Australia defeated Sri Lanka by five wickets in the fourth one-dayer on Saturday to gain an unbeatable 3-1 lead in the five-match series. Left-arm spinner Doherty, who was named man of the match, fi

Published 21 Aug, 2011 12:00am

Liverpool pile misery on Arsenal

Arsenal suffered more misery on Saturday as Liverpool won 2-0 at the Emirates thanks to an own goal and a late Luis Suarez strike, with the London side reduced to 10 men for the second successive Premier League game. There was a change in fortunes for new

Published 21 Aug, 2011 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 21 Aug, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (August 20, 2011).

Published 21 Aug, 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 21 Aug, 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 21 Aug, 2011 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (August 20, 2011).

Published 21 Aug, 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 Saturday (August 20, 2011).

Published 21 Aug, 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 Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (August 20, 2011).

Published 21 Aug, 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 Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

PC invites EoIs for HEC sell-off

The Privatisation Commission has invited Expressions of Interest (EoIs) from potential investors, industrial companies and groups, consortium of investors for acquiring 96 percent shares owned by the Government of Pakistan in the Heavy Electrical Complex

Published 21 Aug, 2011 12:00am

Diplomats to get 'travel permission' for visits

The Foreign Office has asked all diplomats to get 'travel permission' for visits inside Pakistan owing to their security requirements, according to a circular issued to all embassies.

Published 21 Aug, 2011 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

Power sector: Iranian gas to be supplied to SNGPL and SSGC

The government has decided to supply Iranian gas to Sui Northern Gas Pipelines (SNGPL) and Sui Southern Gas Company (SSGC) with the ratio of 65: 35 respectively, which will be specifically dedicated for the power sector, sources close to Minister for Wate

Published 21 Aug, 2011 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

Power sector: Iranian gas to be supplied to SNGPL and SSGC

The government has decided to supply Iranian gas to Sui Northern Gas Pipelines (SNGPL) and Sui Southern Gas Company (SSGC) with the ratio of 65: 35 respectively, which will be specifically dedicated for the power sector, sources close to Minister for Wate

Published 21 Aug, 2011 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

Power sector: Iranian gas to be supplied to SNGPL and SSGC

The government has decided to supply Iranian gas to Sui Northern Gas Pipelines (SNGPL) and Sui Southern Gas Company (SSGC) with the ratio of 65: 35 respectively, which will be specifically dedicated for the power sector, sources close to Minister for Wate

Published 21 Aug, 2011 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

Two Pakistani soldiers, five militants die in gunfight

At least two Pakistani soldiers and five militants died in a shootout in a north-western tribal area Saturday, where a suicide bomber killed 51 people at a mosque a day earlier, officials said. The gun battle took place in Akakhel village in Khyber tribal

Published 21 Aug, 2011 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

Two Pakistani soldiers, five militants die in gunfight

At least two Pakistani soldiers and five militants died in a shootout in a north-western tribal area Saturday, where a suicide bomber killed 51 people at a mosque a day earlier, officials said. The gun battle took place in Akakhel village in Khyber tribal

Published 21 Aug, 2011 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

PC invites EoIs for HEC sell-off

The Privatisation Commission has invited Expressions of Interest (EoIs) from potential investors, industrial companies and groups, consortium of investors for acquiring 96 percent shares owned by the Government of Pakistan in the Heavy Electrical Complex

Published 21 Aug, 2011 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

PC invites EoIs for HEC sell-off

The Privatisation Commission has invited Expressions of Interest (EoIs) from potential investors, industrial companies and groups, consortium of investors for acquiring 96 percent shares owned by the Government of Pakistan in the Heavy Electrical Complex

Published 21 Aug, 2011 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

LPG prices saw unprecedented increase since 2005

The prices of Liquefied Petroleum Gas (LPG) have registered an unprecedented increase since 2005, as it was available at Rs 17,000 per ton, which is now being sold at Rs 106,000 per ton. As per official figures, local LPG production in Pakistan stands at

Published 21 Aug, 2011 12:00am

Issuance of national audit plan: FBR bars Taxpayer's Audit Wing

The Federal Board of Revenue (FBR) has barred the FBR Taxpayer's Audit Wing from issuance of national audit plan to the field formations for adopting a new policy under which Central Audit Task Force would be set up for monitoring of audit cases to ensure

Published 21 Aug, 2011 12:00am

Issuance of national audit plan: FBR bars Taxpayer's Audit Wing

The Federal Board of Revenue (FBR) has barred the FBR Taxpayer's Audit Wing from issuance of national audit plan to the field formations for adopting a new policy under which Central Audit Task Force would be set up for monitoring of audit cases to ensure

Published 21 Aug, 2011 12:00am

''Pakistan won''t allow exploitation of its waters''

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan government will not allow any country to exploit its water resources at any cost, adding that Pakistan has raised water dispute with India at every international forum. Speaking at ''7th Achiev

Published 21 Aug, 2011 12:00am

'Pakistan won't allow exploitation of its waters'

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan government will not allow any country to exploit its water resources at any cost, adding that Pakistan has raised water dispute with India at every international forum. Speaking at '7th Achieve

Published 21 Aug, 2011 12:00am

'Pakistan won't allow exploitation of its waters'

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan government will not allow any country to exploit its water resources at any cost, adding that Pakistan has raised water dispute with India at every international forum. Speaking at '7th Achieve

Published 21 Aug, 2011 12:00am

Not a single penny borrowed from banks in July: economy recovering fast, says Prime Minister

Prime Minister Yousuf Raza Gilani said on Saturday that Pakistan''s economy was recovering fast and government had not borrowed a single penny from banks during the first month of the fiscal year 2011-12. He was speaking at the award distribution ceremony

Published 21 Aug, 2011 12:00am

Not a single penny borrowed from banks in July: economy recovering fast, says Prime Minister

Prime Minister Yousuf Raza Gilani said on Saturday that Pakistan's economy was recovering fast and government had not borrowed a single penny from banks during the first month of the fiscal year 2011-12. He was speaking at the award distribution ceremony

Published 21 Aug, 2011 12:00am

Not a single penny borrowed from banks in July: economy recovering fast, says Prime Minister

Prime Minister Yousuf Raza Gilani said on Saturday that Pakistan's economy was recovering fast and government had not borrowed a single penny from banks during the first month of the fiscal year 2011-12. He was speaking at the award distribution ceremony

Published 21 Aug, 2011 12:00am

16.4 percent rise in SPI inflation

The weekly inflation SPI surged by 16.40 percent during the week ending on August 18 over the same period of last year, following continuous increase in the prices of essential commodities in Ramazan. The Federal Bureau of Statistics (FBS) data on SPI rel

Published 21 Aug, 2011 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am

16.4 percent rise in SPI inflation

The weekly inflation SPI surged by 16.40 percent during the week ending on August 18 over the same period of last year, following continuous increase in the prices of essential commodities in Ramazan. The Federal Bureau of Statistics (FBS) data on SPI rel

Published 21 Aug, 2011 12:00am

The Weather

The weather report on Saturday (August 20, 2011) and the forecast for Sunday (August 21, 2011).

Published 21 Aug, 2011 12:00am

LPG prices saw unprecedented increase since 2005

The prices of Liquefied Petroleum Gas (LPG) have registered an unprecedented increase since 2005, as it was available at Rs 17,000 per ton, which is now being sold at Rs 106,000 per ton. As per official figures, local LPG production in Pakistan stands at

Published 21 Aug, 2011 12:00am

LPG prices saw unprecedented increase since 2005

The prices of Liquefied Petroleum Gas (LPG) have registered an unprecedented increase since 2005, as it was available at Rs 17,000 per ton, which is now being sold at Rs 106,000 per ton. As per official figures, local LPG production in Pakistan stands at

Published 21 Aug, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
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