News Archives for Print - 2011-10-20

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

First quarter uplift, expenditure: Rs 60 billion saving helps contain fiscal deficit

The government has saved Rs 60 billion by managing development and current expenditure during the first quarter (July-September 2011-12), of the current fiscal year, it is learnt. Sources said saving of Rs 60 billion helped the economic managers contain t

Published 20 Oct, 2011 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

First quarter uplift, expenditure: Rs 60 billion saving helps contain fiscal deficit

The government has saved Rs 60 billion by managing development and current expenditure during the first quarter (July-September 2011-12), of the current fiscal year, it is learnt. Sources said saving of Rs 60 billion helped the economic managers contain t

Published 20 Oct, 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 Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

First quarter uplift, expenditure: Rs 60 billion saving helps contain fiscal deficit

The government has saved Rs 60 billion by managing development and current expenditure during the first quarter (July-September 2011-12), of the current fiscal year, it is learnt. Sources said saving of Rs 60 billion helped the economic managers contain t

Published 20 Oct, 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 Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

Violent anti-austerity protests grip Greek capital

Greece''s parliament gave initial approval on Wednesday to a new round of belt-tightening needed to avert default, despite violent protests during the biggest rally in two years against the bitterly resented measures. Hours after Greek police clashed with

Published 20 Oct, 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 Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

Violent anti-austerity protests grip Greek capital

Greece's parliament gave initial approval on Wednesday to a new round of belt-tightening needed to avert default, despite violent protests during the biggest rally in two years against the bitterly resented measures. Hours after Greek police clashed with

Published 20 Oct, 2011 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

Violent anti-austerity protests grip Greek capital

Greece's parliament gave initial approval on Wednesday to a new round of belt-tightening needed to avert default, despite violent protests during the biggest rally in two years against the bitterly resented measures. Hours after Greek police clashed with

Published 20 Oct, 2011 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

TCP to import 0.7 million tons of urea

The government on Wednesday decided to import 0.7 million tons of urea for Rabi, through Trading Corporation of Pakistan (TCP) in November, for which a gallop tender will be floated within a couple of days. Consensus was developed at a meeting held at Pri

Published 20 Oct, 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 Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

TCP to import 0.7 million tons of urea

The government on Wednesday decided to import 0.7 million tons of urea for Rabi, through Trading Corporation of Pakistan (TCP) in November, for which a gallop tender will be floated within a couple of days. Consensus was developed at a meeting held at Pri

Published 20 Oct, 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 Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

TCP to import 0.7 million tons of urea

The government on Wednesday decided to import 0.7 million tons of urea for Rabi, through Trading Corporation of Pakistan (TCP) in November, for which a gallop tender will be floated within a couple of days. Consensus was developed at a meeting held at Pri

Published 20 Oct, 2011 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

Sixth Expo Pakistan: Prime Minister seeks to woo foreign investors

Prime Minister Syed Yousuf Raza Gilani has said that despite the scourge of terrorism at home and in its neighbourhood, Pakistan is still one of the most attractive destinations for doing business and investment. Speaking at the inaugural ceremony of the

Published 20 Oct, 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 20 Oct, 2011 12:00am

Sixth Expo Pakistan: Prime Minister seeks to woo foreign investors

Prime Minister Syed Yousuf Raza Gilani has said that despite the scourge of terrorism at home and in its neighbourhood, Pakistan is still one of the most attractive destinations for doing business and investment. Speaking at the inaugural ceremony of the

Published 20 Oct, 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 20 Oct, 2011 12:00am

Sixth Expo Pakistan: Prime Minister seeks to woo foreign investors

Prime Minister Syed Yousuf Raza Gilani has said that despite the scourge of terrorism at home and in its neighbourhood, Pakistan is still one of the most attractive destinations for doing business and investment. Speaking at the inaugural ceremony of the

Published 20 Oct, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am

Parties must show political maturity: Gilani

Prime Minister Syed Yousuf Raza Gilani has said that all the political forces should show political maturity in the greater interest of stability of democracy in the country. "We don't want to see the repeat of politics of 80s and 90s," he said while talk

Published 20 Oct, 2011 12:00am

New York cotton

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

Published 20 Oct, 2011 12:00am

Parties must show political maturity: Gilani

Prime Minister Syed Yousuf Raza Gilani has said that all the political forces should show political maturity in the greater interest of stability of democracy in the country. "We don't want to see the repeat of politics of 80s and 90s," he said while talk

Published 20 Oct, 2011 12:00am

New York cotton

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

Published 20 Oct, 2011 12:00am

Nawaz assails MQM as politics heats up

President, Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif, on Wednesday accused Mutthaida Qaumi Movement (MQM) of introducing terrorism in politics in Pakistan. He also accused the MQM of disturbing peace in Karachi. "The politics of terrorism in Paki

Published 20 Oct, 2011 12:00am

HRW wheat bids steady

Hard red winter wheat basis bids were holding steady on Wednesday in a routine market with continued good mill demand and slow farmer selling. Dry weather was forecast for the US Plains for the next several days, though there were forecasts for possible r

Published 20 Oct, 2011 12:00am

Nawaz assails MQM as politics heats up

President, Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif, on Wednesday accused Mutthaida Qaumi Movement (MQM) of introducing terrorism in politics in Pakistan. He also accused the MQM of disturbing peace in Karachi. "The politics of terrorism in Paki

Published 20 Oct, 2011 12:00am

Soya export premiums firm at US Gulf Coast

Soyabean export premiums at the US Gulf Coast were steady to firm on Tuesday, supported by higher CIF basis values as a lack of farmer selling kept supplies in the export pipeline tight, traders said. Chinese demand for US soyabeans was moderate. US Gulf

Published 20 Oct, 2011 12:00am

Anwar appointed new SBP governor

On a summary moved by Ministry of Finance and on the advice of Prime Minister, President Asif Ali Zardari Wednesday approved the appointment of Yasin Anwar as Governor State Bank of Pakistan, according to a press release. Yaseen Anwar has been Acting Gove

Published 20 Oct, 2011 12:00am

Russia resumes beet sugar shipment by sea

Russian sugar traders have successfully completed a test shipment of domestic white beet sugar by sea, the first in at least a decade, the Russian Sugar Producers' Union, the industry lobby said on Wednesday. It said in a statement 160 tonnes of sugar hav

Published 20 Oct, 2011 12:00am

Anwar appointed new SBP governor

On a summary moved by Ministry of Finance and on the advice of Prime Minister, President Asif Ali Zardari Wednesday approved the appointment of Yasin Anwar as Governor State Bank of Pakistan, according to a press release. Yaseen Anwar has been Acting Gove

Published 20 Oct, 2011 12:00am

Brazil's cocoa arrivals dip before next harvest

Cocoa arrivals at Brazilian warehouses in Brazil dipped in the last week with the upcoming main crop harvest yet to get under way, data from the Bahia Commercial Association showed on Wednesday. Deliveries from the main cocoa state Bahia and outlying stat

Published 20 Oct, 2011 12:00am

Anwar appointed new SBP governor

On a summary moved by Ministry of Finance and on the advice of Prime Minister, President Asif Ali Zardari Wednesday approved the appointment of Yasin Anwar as Governor State Bank of Pakistan, according to a press release. Yaseen Anwar has been Acting Gove

Published 20 Oct, 2011 12:00am

Global oilseed prices to rise in early 2012: Oil World

Global oilseed prices are set to rise in early 2012 as edible oil demand continues to rise both to feed increased populations and for expanded biofuel output, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.

Published 20 Oct, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 81,059 tonnes of cargo comprising 41,683 tonnes of import cargo and 39,376 tonnes of export cargo including 2,871 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 41,683 to

Published 20 Oct, 2011 12:00am

Ukraine Agmin sees higher grain crop, record export

Ukraine is likely to harvest about 53 million tonnes of grain in 2011 compared to 39.2 million in 2010 and the previous 2011 outlook of 51-52 million tonnes, Farm Minister Mykola Prysyazhnyuk said on Wednesday. "This year, we plan to harvest about 53 mill

Published 20 Oct, 2011 12:00am

Oil cake market rates

Both contract were easier on the forward cottonseed oilcake market on Wednesday in proceess of trading, dealers said. The December contract that had ended at Rs 1311.00 commenced with 50 paisa loss at Rs 1310.50 in the morning session. The January vaida f

Published 20 Oct, 2011 12:00am

Volume rises, rates fall on cotton market as phutti arrivals pick up

Panic selling by ginners pushed the rates down on the cotton market on Wednesday in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,300, they said. Prices of seedcotton in Sindh were down by

Published 20 Oct, 2011 12:00am

Chemical items close mixed on Jodia Bazaar

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

Published 20 Oct, 2011 12:00am

All-round decline on grain market

Gur and grams prices were sharply lower on the wholesale grain market on Wednesday as a result of steady arrivals from upcountry centres, dealers said. On the cereal side, gur low type fell steeply by Rs 1000 to Rs 5500 and best type was down by Rs 500 to

Published 20 Oct, 2011 12:00am

Sarkozy says eurozone talks stuck, flies to Germany

Plans to tackle the eurozone debt crisis have stalled with Paris and Berlin at odds over how to increase the firepower of the region's bailout fund, French President Nicolas Sarkozy said on Wednesday. Sarkozy told French parliamentarians the dispute was h

Published 20 Oct, 2011 12:00am

China's rare earths giant halts output

China state-linked Baotou, the world's largest rare earth producer, said it has halted output for a month from Wednesday as the country seeks to boost prices of the sought-after commodities.

Published 20 Oct, 2011 12:00am

Colombia authorises wider natural gas exports

Colombia approved the export of natural gas to Panama and other countries in the Caribbean on Tuesday, expanding an export market that had been limited to Venezuela in order to ensure domestic supply. The change was likely to benefit state-run oil company

Published 20 Oct, 2011 12:00am

EU unveils $68 billion infrastructure growth plan

The European Union's executive set out plans on Wednesday to invest 50 billion euros ($68 billion) by 2020 in new cross-border transport, energy and broadband projects, which it said would boost growth and employment in the 27-nation bloc.

Published 20 Oct, 2011 12:00am

Inflation in UK too high, admits Cameroon

Inflation in Britain is too high but has been caused by rising world food prices, the fall in the value of sterling and a rise in sales tax, Prime Minister David Cameron said on Wednesday. Britain's consumer price inflation rate rose more than expected to

Published 20 Oct, 2011 12:00am

Wait for new iPhone hits Apple fourth quarter

Apple Inc stunned Wall Street with quarterly results that missed expectations for the first time in years as customers held off buying iPhones until the October launch of the latest version. Shares of Apple fell 7 percent in extended trading on Tuesday, w

Published 20 Oct, 2011 12:00am

Wait for new iPhone hits Apple fourth quarter

Apple Inc stunned Wall Street with quarterly results that missed expectations for the first time in years as customers held off buying iPhones until the October launch of the latest version. Shares of Apple fell 7 percent in extended trading on Tuesday, w

Published 20 Oct, 2011 12:00am

No pick up for British economy in fourth quarter: BoE

Bank of England policymakers agree that Britain's stalled economy will fail to pick up in the current fourth quarter, according to minutes of their last meeting published on Wednesday. The forecast comes as the BoE minutes showed that members of the Monet

Published 20 Oct, 2011 12:00am

Citi pays $285 million to end mortgage probe

Citigroup has agreed to pay a settlement of $285 million for misleading investors about complex mortgage products that helped fuel the financial crisis, the Securities and Exchange Commission said Wednesday.

Published 20 Oct, 2011 12:00am

Morgan Stanley profit jumps

Morgan Stanley swung to a quarterly profit as stock trading results proved surprisingly resilient and wealth management revenue soared. The bank benefited from a $3.4 billion accounting gain, but its underlying businesses looked strong enough for investor

Published 20 Oct, 2011 12:00am

Morgan Stanley profit jumps

Morgan Stanley swung to a quarterly profit as stock trading results proved surprisingly resilient and wealth management revenue soared. The bank benefited from a $3.4 billion accounting gain, but its underlying businesses looked strong enough for investor

Published 20 Oct, 2011 12:00am

US underlying inflation pressures ease

US consumer prices outside food and energy rose at their slowest pace in six months in September, a sign broad inflation pressures remained contained. The core Consumer Price Index edged up just 0.1 percent, a Labour Department report showed on Wednesday,

Published 20 Oct, 2011 12:00am

Japan, South Korea boost FX swaps

South Korea and Japan agreed to expand their currency swap arrangements more than five-fold on Wednesday to the equivalent of $70 billion, saying strong pre-emptive arrangements were needed in the face of escalating global economic uncertainty.

Published 20 Oct, 2011 12:00am

Asia swing safe, say tennis chiefs

Tennis chiefs have played down fears that the Asian swing will become the perennial victim of player pull-outs at the end of the gruelling season after high-profile absentees at the Shanghai Masters. The question of burnout was bubbling away again in Shan

Published 20 Oct, 2011 12:00am

Brawl mars Al Sadd's win over Suwon

A mass brawl marred Al Sadd's 2-0 away win over South Korea's Suwon Bluewings in the first leg of their Asian Champions League semi-final on Wednesday with fighting halting play for 10 minutes and three players being sent off.

Published 20 Oct, 2011 12:00am

Sion boss claims Platini, Infantino contradiction

A Swiss regional prosecutor investigating a dispute between FC Sion and European football's governing body heard from both UEFA president Michel Platini and secretary-general Gianni Infantino on Wednesday. Neither made any comments to the media, but FC Si

Published 20 Oct, 2011 12:00am

Ton-up Umar guides Pakistan to take lead versus Sri Lanka

Taufiq Umar hit his sixth Test century and fellow opener Mohammad Hafeez scored 75 as Pakistan took a firm grip on the first Test against Sri Lanka at Abu Dhabi stadium here on Wednesday. The left-hander made an undefeated 109 and added 118 for the openin

Published 20 Oct, 2011 12:00am

United, City get first wins

Manchester's two-pronged assault on the Champions League finally sprang to life on Tuesday when United won their first match of the campaign by beating Romanians Otelul Galati 2-0 away and City left it until stoppage time to beat Villarreal 2-1.

Published 20 Oct, 2011 12:00am

Southeast Asian markets: Indonesia leads gainers, Thailand weak

Stocks in Indonesia, Malaysia and the Philippines rose on Wednesday but concerns about the eurozone debt crisis capped gains and helped pull down other markets in Southeast Asia, with weakness in bank stocks further depressing Thailand. In general, bargai

Published 20 Oct, 2011 12:00am

Seoul shares up

Seoul shares ended up 0.9 percent after volatile trade on Wednesday, with sentiment buoyed by reports of an agreement to strengthen the eurozone's rescue fund but rises capped after Moody's cut Spain's sovereign ratings by two notches. "We are seeing a re

Published 20 Oct, 2011 12:00am

Nikkei average soars

The Nikkei stock average rose on Wednesday after a media report raised expectations that Europe will act to strengthen the eurozone's rescue fund, though scepticism about whether it can put bold steps into practice curbed gains. The market also lacked mom

Published 20 Oct, 2011 12:00am

Wednesday's early afternoon trade: S&P flat, Nasdaq falls

The Nasdaq fell on Wednesday, weighed down by technology heavyweight Apple's profit miss, but gains in chipmaker Intel and insurer Travelers kept the S&P near the unchanged mark. Intel Corp climbed 4.6 percent to $24.47 after the chipmaker forecast quarte

Published 20 Oct, 2011 12:00am

Wall Street rallies, Apple falls late

US stocks surged late in trading on Tuesday as buyers latched onto another report of agreements to strengthen the eurozone's rescue fund to bid up stocks aggressively. All three major indexes rose sharply after a Britain's Guardian newspaper said France a

Published 20 Oct, 2011 12:00am

Taiwan stocks flat

Taiwan stocks ended flat on Wednesday, with gains in defensive sectors such as rubber, department stores and plastics offsetting falls in some of Apple's suppliers on concerns over environmental issues at their China factories. The main TAIEX index fell 0

Published 20 Oct, 2011 12:00am

Treasuries decline

US Treasury debt prices ended lower on Tuesday, reversing earlier gains, as renewed optimism about a solution to the eurozone debt crisis triggered a rally on Wall Street. Investors sold off safe-haven assets and rushed into stocks, driving the S&P 500 ov

Published 20 Oct, 2011 12:00am

Treasuries decline

US Treasury debt prices ended lower on Tuesday, reversing earlier gains, as renewed optimism about a solution to the eurozone debt crisis triggered a rally on Wall Street. Investors sold off safe-haven assets and rushed into stocks, driving the S&P 500 ov

Published 20 Oct, 2011 12:00am

Australian shares rise

Australian shares rose 0.6 percent on Wednesday as top banks jumped on talk Europe is about to expand the bailout fund for its debt-troubled countries, although miners fell as copper and iron ore prices weakened. Investors were buoyed by a report in Brita

Published 20 Oct, 2011 12:00am

Indian shares climb

Indian shares ended up 2 percent on Wednesday to their highest close in a month, propelled by large banks as risk appetite improved globally and after quarterly results showed the outlook for domestic companies was not as bad as initially feared. Hero Mot

Published 20 Oct, 2011 12:00am

Hong Kong shares regain some ground, China stocks slip

Hong Kong shares moved higher on Wednesday, boosted by gains in stocks that suffered the most in the previous session and driven by short-term investors, but strength among defensive counters and the lowest turnover in almost a month pointed to caution.

Published 20 Oct, 2011 12:00am

Debt plan hopes lift European shares

European shares rose on Wednesday, snapping two days of losses, led by bank stocks on hopes a European Union summit will result in a comprehensive plan to resolve the region's debt crisis. Investors are hoping European leaders at Sunday's summit will agre

Published 20 Oct, 2011 12:00am

UK's top share index rises

Britain's leading share index closed higher on Wednesday, buoyed by financials on fresh speculation of a game-changing response to the eurozone debt crisis at a weekend meeting of regional leaders. Forecast-beating earnings from the likes of spirits group

Published 20 Oct, 2011 12:00am

Short-term rates rise

Key eurozone money market rates continued to rise on Wednesday due to persistent fears that contagion from the Greek crisis will hit the region's banks, despite increased talk that policymakers plan to recapitalise lenders. Bonds and equities saw risk app

Published 20 Oct, 2011 12:00am

Sterling surges versus dollar

Sterling hit a near one-month high against the dollar on Wednesday, supported by better risk sentiment, but ran into selling by Asian central banks and other investors at higher levels. Traders said sterling was vulnerable to a selloff in the near term, e

Published 20 Oct, 2011 12:00am

Euro gains in Asia

The euro rose on Wednesday as short covering and buying by macro funds kicked in following a steep fall in the dollar versus some Asian currencies after Japan and South Korea agreed to bolster their currency swap arrangements in a bid to help ease market

Published 20 Oct, 2011 12:00am

Euro rises broadly in London

The euro rose broadly on Wednesday, supported by sovereign demand and as investors were squeezed out of bearish positions in the single currency, even as European officials denied any agreement had been reached to boost the firepower of the eurozone bailo

Published 20 Oct, 2011 12:00am

Early trade in New York: Euro rises versus dollar

The euro rose against the dollar on Wednesday on revived hopes that European leaders will take aggressive steps at a summit this weekend to resolve the region's debt crisis. Although officials dismissed a story in Britain's Guardian newspaper that France

Published 20 Oct, 2011 12:00am

Euro soars on rescue fund report

The euro rose on Tuesday after a British newspaper reported France and Germany have reached a deal to enlarge the eurozone bailout fund to two trillion euros in a bid to contain the region's debt crisis. The rescue fund, known as European Financial Stabil

Published 20 Oct, 2011 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 75.90-75.95 (previous 75.86-75.89). Call Money Rates: 8.00-15.00 percent (previous 7.25-12.00 percent).

Published 20 Oct, 2011 12:00am

Swiss franc slips

The Swiss franc slipped against the euro on Wednesday on hopes that the European Union will strengthen the region's debt rescue fund. The franc fell 0.4 percent against the euro to trade at 1.2404 compared to the New York close.

Published 20 Oct, 2011 12:00am

Australian and New Zealand dollars up

The Australian and New Zealand dollars edged higher on Wednesday, following gains in some Asian currencies after Japan and South Korea agreed to bolster their currency swap arrangements in a bid to help ease market tension. The Aussie climbed to $1.0316,

Published 20 Oct, 2011 12:00am

Indian rupee up

The Indian rupee strengthened on Wednesday, powered by gains in the euro and domestic equities after an improvement in global risk appetite, although strong dollar demand from oil companies and gold merchants limited the rise. The partially convertible ru

Published 20 Oct, 2011 12:00am

Won up after swaps deal

The won rose to a one-month high on Wednesday, leading other Asian currencies and the euro higher, after South Korea's pre-emptive move to prevent a cash crunch surprised investors and triggered an unwind of hedges against further weakness in the currency

Published 20 Oct, 2011 12:00am

Yuan slightly up

The yuan closed slightly higher versus the dollar on Wednesday after the People's Bank of China set its mid-point marginally stronger. But expectations of yuan appreciation in the near term were waning amid continued wrangling between China and the United

Published 20 Oct, 2011 12:00am

Roadside bombs kill two Nato, five Afghan troops

A roadside bomb killed two Nato service members on Wednesday in eastern Afghanistan, the alliance said, in a day of violence that left a total of seven Afghan army and Nato personnel dead. The US-led coalition did not provide additional details, but the d

Published 20 Oct, 2011 12:00am

UK to protect foreign secret material from courts

Britain plans to close a legal loophole that allowed a UK court last year to order the release of US intelligence material, the government said on Wednesday. The move is designed to reassure foreign allies that secrets shared with the UK will remain undis

Published 20 Oct, 2011 12:00am

Iran again summons Saudi ambassador

Iran on Wednesday summoned the Saudi Arabian ambassador to Tehran, for the second time within a week, over alleged Iranian involvement in a plot to kill the Saudi envoy in Washington. Tehran warned the Saudi ambassador that Riyadh should be careful with i

Published 20 Oct, 2011 12:00am

Somali, Kenyan forces eye rebel bastion, hostage dies

Kenyan and Somali forces were poised to close in on Islamist rebels in their southern Somali strongholds as Paris announced that a Frenchwoman, whose kidnapping spurred Kenya's cross-border incursion, had died. Kenya's military stormed across the border o

Published 20 Oct, 2011 12:00am

PKK kills 24 Turkish troops; Ankara hits back

Turkey launched air and ground assaults on Kurdish militants in Iraq on Wednesday, vowing to take "great revenge" after 24 Turkish soldiers were killed in one of the deadliest Kurdish attacks in decades. Turkish officials said about 100 fighters from the

Published 20 Oct, 2011 12:00am

Arms trade to Middle East shows export control failure: Amnesty

The US, Russia and European countries supplied weapons to Middle East and North African governments before the Arab Spring despite having evidence they could be used against protesters, Amnesty said. The London-based rights group said the "loopholes" in a

Published 20 Oct, 2011 12:00am

Saleh demands US, EU guarantees to quit

Yemen's embattled President Ali Abdullah Saleh said Wednesday he was ready to sign a Gulf-brokered deal for him to quit office but demanded American and European guarantees on a timetable. "I would sign. But provide guarantees to implement the Gulf initia

Published 20 Oct, 2011 12:00am

First 200 French soldiers leave Afghanistan

The first 200 French soldiers left Afghanistan on Wednesday, kickstarting troop withdrawals announced three months ago by Paris as part of Nato plans to wind down its combat mission by 2014. In total, a quarter of France's current troop deployment is sche

Published 20 Oct, 2011 12:00am

Zambia apologises to Angola for backing UNITA

Zambia's new government apologised to Angola on Wednesday for backing the losing party in the country's 27-year civil war as it tries to repair ties with its oil-rich neighbour. The move by Zambia's recently elected President Michael Sata is the latest in

Published 20 Oct, 2011 12:00am

British author Julian Barnes wins Booker Prize

British author Julian Barnes on Tuesday won the Man Booker Prize, one of the highest-profile awards in English-language literature, at the fourth attempt for his novel "The Sense of an Ending". Barnes picked up the £50,000 ($80,000, 57,000 euros) award, w

Published 20 Oct, 2011 12:00am

Massive student rally after two days of unrest in Chile

Thousands of students descended on downtown Santiago Wednesday for a massive protest march meant to be the culmination of two days of roiling street protests for education reform. Students early Wednesday began milling around the Plaza Italia, usually a v

Published 20 Oct, 2011 12:00am

ICRC appoints top Swiss diplomat as next president

The international Red Cross on Wednesday appointed a top Swiss foreign service official Peter Maurer as its next president, to succeed the incumbent Jakob Kellenberger. Kellenberger, who has been ICRC president since 2000, has "expressed the wish to retir

Published 20 Oct, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
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Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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