News Archives for Print - 2011-09-07

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

President, CoAS discuss Karachi situation

President Asif Ali Zardari and Chief of the Army Staff (CoAS) General Ashfaq Parvez Kayani discussed national and strategic issues confronting the country on Tuesday at Aiwan-e-Sadr. The CoAS discussed with the President the security situation in the coun

Published 07 Sep, 2011 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Supreme Court for legislation to end trend of extortion

The Supreme Court of Pakistan on Tuesday asked the government to carry out the required legislation to eliminate the trend of extortion so that strict action could be taken against extortionists. The court also said action against terrorist outfits should

Published 07 Sep, 2011 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Supreme Court for legislation to end trend of extortion

The Supreme Court of Pakistan on Tuesday asked the government to carry out the required legislation to eliminate the trend of extortion so that strict action could be taken against extortionists. The court also said action against terrorist outfits should

Published 07 Sep, 2011 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

50-60 percent cotton crop damaged in Sindh

The country would miss its cotton production target for the year 2011-12 by about 2-2.5 million bales because of a massive damage to the crop during the on-going rains. The set target of 15 million bales for the current year, according to agricultural exp

Published 07 Sep, 2011 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

50-60 percent cotton crop damaged in Sindh

The country would miss its cotton production target for the year 2011-12 by about 2-2.5 million bales because of a massive damage to the crop during the on-going rains. The set target of 15 million bales for the current year, according to agricultural exp

Published 07 Sep, 2011 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Tuesday (September 06, 2011)

Published 07 Sep, 2011 12:00am

50-60 percent cotton crop damaged in Sindh

The country would miss its cotton production target for the year 2011-12 by about 2-2.5 million bales because of a massive damage to the crop during the on-going rains. The set target of 15 million bales for the current year, according to agricultural exp

Published 07 Sep, 2011 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Tuesday (September 06, 2011)

Published 07 Sep, 2011 12:00am

Amar Singh arrested in bribery case

A high-profile Indian lawmaker was arrested and sent into judicial custody for 14 days on Tuesday charged with involvement in a bribery scandal, potentially causing more embarrassment for the ruling Congress party shaken by a series of graft scandals.

Published 07 Sep, 2011 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Tuesday (September 06, 2011)

Published 07 Sep, 2011 12:00am

Amar Singh arrested in bribery case

A high-profile Indian lawmaker was arrested and sent into judicial custody for 14 days on Tuesday charged with involvement in a bribery scandal, potentially causing more embarrassment for the ruling Congress party shaken by a series of graft scandals.

Published 07 Sep, 2011 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Scores of Libyan army vehicles cross into Niger

Scores of Libyan army vehicles crossed the desert frontier into Niger in what may be a bid by Muammar Qadhafi to seek refuge in a friendly African state, military sources from France and Niger told Reuters on Tuesday. The United States said it believed th

Published 07 Sep, 2011 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Scores of Libyan army vehicles cross into Niger

Scores of Libyan army vehicles crossed the desert frontier into Niger in what may be a bid by Muammar Qadhafi to seek refuge in a friendly African state, military sources from France and Niger told Reuters on Tuesday. The United States said it believed th

Published 07 Sep, 2011 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Failure to keep 20 days'' reserve: Ogra imposes Rs 21 million fine on seven OMCs

The Oil and Gas Regulatory Authority (Ogra) has imposed a fine of Rs 21 million on 7 oil marketing companies (OMCs) for violation of licence terms and conditions under which the OMCs should maintain 20 days'' fuel stock. The Ministry of Petroleum and Natu

Published 07 Sep, 2011 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Failure to keep 20 days' reserve: Ogra imposes Rs 21 million fine on seven OMCs

The Oil and Gas Regulatory Authority (Ogra) has imposed a fine of Rs 21 million on 7 oil marketing companies (OMCs) for violation of licence terms and conditions under which the OMCs should maintain 20 days' fuel stock. The Ministry of Petroleum and Natur

Published 07 Sep, 2011 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Failure to keep 20 days' reserve: Ogra imposes Rs 21 million fine on seven OMCs

The Oil and Gas Regulatory Authority (Ogra) has imposed a fine of Rs 21 million on 7 oil marketing companies (OMCs) for violation of licence terms and conditions under which the OMCs should maintain 20 days' fuel stock. The Ministry of Petroleum and Natur

Published 07 Sep, 2011 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

1100 megawatts power import: Iran team to meet special panel on energy today

National Assembly standing committee on water and power was informed on Tuesday that an Iranian delegation would call on Wednesday on the members of the special committee on energy crisis, led by finance minister Dr Abdul Hafeez Sheikh (today) to finalise

Published 07 Sep, 2011 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

1100 megawatts power import: Iran team to meet special panel on energy today

National Assembly standing committee on water and power was informed on Tuesday that an Iranian delegation would call on Wednesday on the members of the special committee on energy crisis, led by finance minister Dr Abdul Hafeez Sheikh (today) to finalise

Published 07 Sep, 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 07 Sep, 2011 12:00am

1100 megawatts power import: Iran team to meet special panel on energy today

National Assembly standing committee on water and power was informed on Tuesday that an Iranian delegation would call on Wednesday on the members of the special committee on energy crisis, led by finance minister Dr Abdul Hafeez Sheikh (today) to finalise

Published 07 Sep, 2011 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Energy crisis causing Rs 230 billion loss annually: National Assembly body informed

The energy crisis in Pakistan is causing an estimated loss of Rs 230 billion annually, besides depriving about 0.4 million people of jobs. This was stated by Dr Samar Mubarakmand, Member Planning Commission of Pakistan on Science and Technology, while bri

Published 07 Sep, 2011 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Energy crisis causing Rs 230 billion loss annually: National Assembly body informed

The energy crisis in Pakistan is causing an estimated loss of Rs 230 billion annually, besides depriving about 0.4 million people of jobs. This was stated by Dr Samar Mubarakmand, Member Planning Commission of Pakistan on Science and Technology, while bri

Published 07 Sep, 2011 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Energy crisis causing Rs 230 billion loss annually: National Assembly body informed

The energy crisis in Pakistan is causing an estimated loss of Rs 230 billion annually, besides depriving about 0.4 million people of jobs. This was stated by Dr Samar Mubarakmand, Member Planning Commission of Pakistan on Science and Technology, while bri

Published 07 Sep, 2011 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Stocks fall; Swiss central bank move sinks franc

Global stock markets fell on Tuesday on worries of the European debt crisis worsening, while the Swiss central bank''s bold move to slow the safe-haven rush into its currency, which it fears could harm its economy, caused a record 10 percent drop of the f

Published 07 Sep, 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 Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Stocks fall; Swiss central bank move sinks franc

Global stock markets fell on Tuesday on worries of the European debt crisis worsening, while the Swiss central bank's bold move to slow the safe-haven rush into its currency, which it fears could harm its economy, caused a record 10 percent drop of the fr

Published 07 Sep, 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 Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Stocks fall; Swiss central bank move sinks franc

Global stock markets fell on Tuesday on worries of the European debt crisis worsening, while the Swiss central bank's bold move to slow the safe-haven rush into its currency, which it fears could harm its economy, caused a record 10 percent drop of the fr

Published 07 Sep, 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 Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Abbasi appointed chairman Press Council

President Asif Ali Zardari has appointed former Judge of Lahore High Court, Raja Muhammad Shafqat Khan Abbasi, as Chairman, Press Council of Pakistan. Spokesperson Farhatullah Babar said that the appointment was made on the advice of the Prime Minister un

Published 07 Sep, 2011 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Abbasi appointed chairman Press Council

President Asif Ali Zardari has appointed former Judge of Lahore High Court, Raja Muhammad Shafqat Khan Abbasi, as Chairman, Press Council of Pakistan. Spokesperson Farhatullah Babar said that the appointment was made on the advice of the Prime Minister un

Published 07 Sep, 2011 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (September 06, 2011).

Published 07 Sep, 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 Tuesday (September 06, 2011).

Published 07 Sep, 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 Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (September 06, 2011).

Published 07 Sep, 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 07 Sep, 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 07 Sep, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (September 06, 2011).

Published 07 Sep, 2011 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 07 Sep, 2011 12:00am

The Spirit of '65

September 06 is celebrated by the nation as The Defence Day of Pakistan to commemorate Pakistan's finest hour when its armed forces frustrated a surprise attack by its numerically superior Indian Armed Forces on September 06, 1965. Pakistan has been the v

Published 07 Sep, 2011 12:00am

The Legends of Resolute Determination & Absolute Defence

The tale of Pakistan Army stands against the heavy odds starts from the birth of Pakistan. It's a tale of firm fortitude and supreme protection by the sons of soil who vowed to hold a nation and guard a nation state.

Published 07 Sep, 2011 12:00am

Pakistan Army continues with the Spirit of September

September 6 is celebrated by the nation as the Defence of Pakistan Day to commemorate Pakistan's supreme hour. Pakistan's Armed Forces exasperated a surprise attack by its numerically superior Indian Ahmed Forces on September 6, 1965.

Published 07 Sep, 2011 12:00am

Message from Chief of the Air Staff

On the glorious occasion of the Defence Day of Pakistan, I would like to share my feelings of pride and satisfaction with all countrymen and women. It was on this historic day when the entire Pakistani nation rose like one in the noble cause of national d

Published 07 Sep, 2011 12:00am

Message from Chief of the Naval Staff

Every year we celebrate Defence Day to pay homage to our valiant Armed Forces. The 1965 war, besides reminding us of the exemplary bravery and courage of our Armed Forces, also stand as an icon of; our national unity and solidarity, when the whole nation

Published 07 Sep, 2011 12:00am

Message from Chief of Army Staff

This day is marked by the accomplishments of the entire nation to reverse the nefarious enemy designs with the help of the Armed Forces in 1965 war. Today, we must acknowledge and pay reverence to the brave feats of our valorous soldiers during war times

Published 07 Sep, 2011 12:00am

Message from Chairman Joint Chiefs of Staff Committee

6 September reminds us of those defining moments in our history when Pakistan's survival as a country was threatened by external aggression. At that time entire nation imbued with patriotism and unwavering resolve stood alongside its Armed Forces like a r

Published 07 Sep, 2011 12:00am

Message from Federal Minister for Defence

The Defence Day of Pakistan reminds us of the indomitable courage displayed by the people and Armed Forces of Pakistan in thwarting the nefarious designs of the enemy. It was the day when our valiant Armed Forces and the nation stood together and exhibite

Published 07 Sep, 2011 12:00am

Message from Prime Minister of Pakistan

Today is the 6th of September and the people of Pakistan celebrate this day as 'Defence Day of Pakistan' with traditional fervour with regard to September 1965 war. 46 years ago on this very day, we had to step in for defence of our territorial frontiers

Published 07 Sep, 2011 12:00am

Message from President of Pakistan

The significance of September 6 lies in the fact that on this day in 1965 the people of Pakistan from all provinces and all walks of life joined hands in solidly standing behind the Armed Forces to face a serious threat to the country. The unprecedented n

Published 07 Sep, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 121,448 tonnes of cargo including 97,596 tonnes of import cargo, 23,852 tonnes of export cargo and 5,392 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 97,596 tonnes compri

Published 07 Sep, 2011 12:00am

China's sugar arrivals seen at 600,000 tonnes in September

More than half a million tonnes of sugar, mostly from Brazil, are expected to arrive in China in September as the country rebuilds stocks after a prolonged drought hit its main growing region, dealers estimated on Tuesday. The downgrade in output in top p

Published 07 Sep, 2011 12:00am

Ivorian cocoa reforms ready within three months

Ivory Coast will unveil its cocoa industry reform plan within three months, and the proposals will balance the needs of private export firms and local producers, its agriculture minister said late on Monday. Ivorian cocoa output has hit a record this seas

Published 07 Sep, 2011 12:00am

French maize crop seen set for record yield

The maize grain harvest in France is expected to produce a record average yield of around 10 tonnes per hectare, technical institute Arvalis said on Monday. High expected yields reflected early sowing and regular rain during the second half of the growing

Published 07 Sep, 2011 12:00am

Thailand sees higher rice output in 2011-12

Thailand, the world's biggest rice exporter, was expected to produce more rice in the current 2011/12 crop despite being hit by storm and floods in the past few months, a senior agriculture official said on Tuesday. "The latest forecast after floods showe

Published 07 Sep, 2011 12:00am

US corn, wheat, soya futures slide as Europe's debt crisis continues

US wheat, corn and soyabean futures all fell around 1 percent on Tuesday because of risk aversion as Europe's debt crisis continued, the dollar strengthened and US prices caught up with falls in Europe on Monday. "The macro factors are dominating the agri

Published 07 Sep, 2011 12:00am

Oil cake market rates

The December vaida was higher while the January vaida was unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December contract that had ended at Rs 1313.40 commenced with a gain of 40 paisa to Rs 1313.80

Published 07 Sep, 2011 12:00am

Cotton spot rate, lint prices sharply up as mills step up buying

Bullish sentiment was seen on cotton market on Tuesday as mills showed interest in fresh buying, but on the other hand the ginners were trying to raise the asking prices, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised by

Published 07 Sep, 2011 12:00am

Bangladesh reissues tender for sugar

Bangladesh Sugar and Food Industries Corporation reissued an international tender on Tuesday to import 25,000 tonnes of sugar as part of efforts to build reserves and hold down domestic prices, an official with the corporation said. The last date of submi

Published 07 Sep, 2011 12:00am

Short supply pushes rates up on grain market

Rising trend persisted on the wholesale grain market on Tuesday as supply was tight from upcountry centres after rains, dealers said. On the cereals side, wheat old (bardan) and wheat new both gained Rs 30 to Rs 2600-2615, other items retained overnight l

Published 07 Sep, 2011 12:00am

Etihad welcomes September with Great Bonanza

Etihad Airways welcomes the month of September with its Great Etihad Bonanza - offering top value with special airfares from Pakistan to Abu Dhabi, Europe and beyond. The special fares in Etihad's luxurious, full service Pearl Business and Coral Economy c

Published 07 Sep, 2011 12:00am

BoK achieves Rs eight billion MCR target

The Bank of Khyber (BoK) has achieved the target of minimum capital requirement (MCR) set by the State Bank of Pakistan (SBP) for all commercial banks of the country for the year 2011. The bank in this regard has issued right shares worth Rs 3.224 billion

Published 07 Sep, 2011 12:00am

Heavy downpours cause gridlock on city roads

Heavy downpour on Tuesday evening lashed the city, which turned many roads and thoroughfares into streams that caused traffic jams on major roads. However, the heavy rainfall scaled down the temperature and turned the weather pleasant in the city. Public

Published 07 Sep, 2011 12:00am

Prime Minister urges Parco to invest in energy sector

Chairman Pak Arab Refinery Ltd (PARCO) Nawab Hassan Ali Khan Tuesday called on Prime Minister Syed Yousuf Raza Gilani and briefed him about various projects undertaken by the company. The Prime Minister appreciated the efforts of the company by contributi

Published 07 Sep, 2011 12:00am

Charsadda Paper Mill: NDA alleges irregularities in sale

MNA and Convenor National Democratic Alliance (NDA), Nawabzada Khawaja Mohammad Khan Hoti has unearthed massive level irregularities and corruption in Charsadda Paper Mill, saying that the government is intentionally going to sale out the expensive land o

Published 07 Sep, 2011 12:00am

553 road accidents reported in Ramazan

Director General Rescue 1122, Dr Rizwan Naseer has said Rescue 1122 dealt with more road accidents during Ramazan as compared to other months of this year because 553 road accidents occurred during the holy month. He reviewed the data of emergencies durin

Published 07 Sep, 2011 12:00am

Enmity claims two lives

Two people were killed while another received severe injuries in a firing incident early Tuesday morning in a village of tehsil Chunian. According to police, accused Zulfiqar and his five companions resorted to indiscriminate firing on his rival Gulzar an

Published 07 Sep, 2011 12:00am

NHA increases toll rates on highways, motorways

The National Highway Authority (NHA) has increased the toll rates by up to 25 percent on all national highways and motorways to collect more funds to ensure timely completion of its various on-going development projects. In its 206th meeting held on Augus

Published 07 Sep, 2011 12:00am

IBRAHIM FIBRES LIMITED

Ibrahim Fiber Limited, formerly known as Ibrahim Agencies, started off as a mere cloth trading agency following the partition of the subcontinent. Over the years, as the company's business interests diversified, it successfully expanded its areas of opera

Published 07 Sep, 2011 12:00am

IBRAHIM FIBRES LIMITED

Ibrahim Fiber Limited, formerly known as Ibrahim Agencies, started off as a mere cloth trading agency following the partition of the subcontinent. Over the years, as the company's business interests diversified, it successfully expanded its areas of opera

Published 07 Sep, 2011 12:00am

France not facing new recession: finance minister

France is not threatened by recession, Finance Minister Francois Baroin insisted on Tuesday, despite stagnant growth and the onset of a new package of government austerity measures. Speaking on Europe 1 radio, Baroin said planned cutbacks would not hit co

Published 07 Sep, 2011 12:00am

Shaw to sell Westinghouse stake to Toshiba

Shaw Group said it will sell its 20 percent stake in nuclear power plant company Westinghouse Electric Co back to Japan's Toshiba Corp to eliminate nearly $1.7 billion of debt and strengthen its balance sheet. Shares of Toshiba fell more than 7 percent to

Published 07 Sep, 2011 12:00am

No aid tranche if Greece fails troika test: Germany

German Finance Minister Wolfgang Schaeuble said on Tuesday Greece will not be able to receive another tranche of international aid if the delayed "troika" report from the IMF, ECB and European Commission is not positive. The rules state clearly and "with

Published 07 Sep, 2011 12:00am

China growth may slide below nine percent in 2012

China's economic growth in 2012 may drop below 9 percent for the first time in a decade, a senior Chinese foreign exchange official said on Tuesday, underlining the gloom in Beijing over the deteriorating health of the global economy. Still, Huang Guobo,

Published 07 Sep, 2011 12:00am

China starts to reshuffle engineers of economic boom

China has begun work on an 18-month reshuffle of its top economic and regulatory policy officials as part of a leadership transition that will see President Hu Jintao and Premier Wen Jiabao hand their posts to a younger generation. Sources and analysts wi

Published 07 Sep, 2011 12:00am

US service sector picks up

The dominant US services sector picked up steam unexpectedly last month, snapping a three-month streak of slower growth, though the pace of hiring eased slightly, underscoring broader job market concerns. The surprise jump in the Institute for Supply Mana

Published 07 Sep, 2011 12:00am

UN study savages US, European economic policy

The pursuit of austerity measures and deficit cuts is pushing the world economy towards disaster in a misguided attempt to please global financial markets, the annual report of the United Nations economic thinktank UNCTAD said on Tuesday.

Published 07 Sep, 2011 12:00am

Leaders committed to eurozone stability: Barroso

The European Union's top official on Tuesday defended the political will of EU leaders to resolve the eurozone debt crisis, despite concerns that they seem unable to halt a slide back into recession and avoid a fresh banking crisis. EU Commission Presiden

Published 07 Sep, 2011 12:00am

Asia sizes up threats from faltering Europe, US

Singapore's finance minister said on Tuesday a global recession looked more likely than not and a Chinese official acknowledged China's growth may slow to a 10-year low, highlighting Asia's rising concern over its exposure to US and European risks.

Published 07 Sep, 2011 12:00am

Norway freezes Afghanistan aid

Norway is blocking payments of 300 million crowns ($55.2 million) in aid to Afghanistan until issues surrounding the collapse of the country's biggest private lender, Kabulbank, are resolved, a Norwegian newspaper said on Tuesday. Kabulbank collapsed last

Published 07 Sep, 2011 12:00am

Swiss Bank draws line in the sand to cap runaway franc

The Swiss National Bank shocked markets on Tuesday by setting an exchange rate cap on the soaring franc to stave off a recession, discouraging investors anxious about flagging global growth from using the currency as a safe haven. Using some of the strong

Published 07 Sep, 2011 12:00am

Double-dip recession unlikely: World Bank

The global economy is unlikely to fall back into recession but there are risks, World Bank President Robert Zoellick said on Tuesday. "I don't believe that the United States or the world will go into a double-dip but there's high degrees of uncertainty,"

Published 07 Sep, 2011 12:00am

Italy, Greece backsliding shakes eurozone

Europe's drive to halt its crippling two-year debt crisis looked increasingly at risk on Tuesday amid doubts about the will in Italy and Greece to push through austerity demanded by their partners, and hardening opposition to further aid in the bloc's pay

Published 07 Sep, 2011 12:00am

Italy, Greece backsliding shakes eurozone

Europe's drive to halt its crippling two-year debt crisis looked increasingly at risk on Tuesday amid doubts about the will in Italy and Greece to push through austerity demanded by their partners, and hardening opposition to further aid in the bloc's pay

Published 07 Sep, 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
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Cotton US¢/pound / Dec 23	68.96
Petrol/Litre / Dec 24	252.10

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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