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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-10-31
Futures open interest down 30.5 percent

Futures open interest down 30.5 percent

The total open interest position at the futures counter declined by Rs 559 million or 31 percent on week-on-week basis to stand at Rs 1.2 billion. The future spreads also reduced by 169bps on week-on-week basis to 8.9 percent. Trading at futures counter i
Published 31 Oct, 2011 12:00am
Futures open interest down 30.5 percent

Futures open interest down 30.5 percent

The total open interest position at the futures counter declined by Rs 559 million or 31 percent on week-on-week basis to stand at Rs 1.2 billion. The future spreads also reduced by 169bps on week-on-week basis to 8.9 percent. Trading at futures counter i
Published 31 Oct, 2011 12:00am
Futures open interest down 30.5 percent

Futures open interest down 30.5 percent

The total open interest position at the futures counter declined by Rs 559 million or 31 percent on week-on-week basis to stand at Rs 1.2 billion. The future spreads also reduced by 169bps on week-on-week basis to 8.9 percent. Trading at futures counter i
Published 31 Oct, 2011 12:00am
Index up by 36.42 points

Index up by 36.42 points

Local investors'' interest, on dips, on Friday supported the KSE-100 index during the week ended on October 29, 2011, to close in positive at 11,561.67 points, up 36.42 points. The market witnessed bearish trend during the first three trading sessions of
Published 31 Oct, 2011 12:00am
Index up by 36.42 points

Index up by 36.42 points

Local investors' interest, on dips, on Friday supported the KSE-100 index during the week ended on October 29, 2011, to close in positive at 11,561.67 points, up 36.42 points. The market witnessed bearish trend during the first three trading sessions of t
Published 31 Oct, 2011 12:00am
Index up by 36.42 points

Index up by 36.42 points

Local investors' interest, on dips, on Friday supported the KSE-100 index during the week ended on October 29, 2011, to close in positive at 11,561.67 points, up 36.42 points. The market witnessed bearish trend during the first three trading sessions of t
Published 31 Oct, 2011 12:00am
October CPI likely to fall further

October CPI likely to fall further

The much-awaited Consumer Price Index (CPI) inflation number for the month of October is expected to be released this week, which is likely to fall in the range of 10-10.3 percent as against 10.5 percent for September, analysts said. This would be the thi
Published 31 Oct, 2011 12:00am
October CPI likely to fall further

October CPI likely to fall further

The much-awaited Consumer Price Index (CPI) inflation number for the month of October is expected to be released this week, which is likely to fall in the range of 10-10.3 percent as against 10.5 percent for September, analysts said. This would be the thi
Published 31 Oct, 2011 12:00am
October CPI likely to fall further

October CPI likely to fall further

The much-awaited Consumer Price Index (CPI) inflation number for the month of October is expected to be released this week, which is likely to fall in the range of 10-10.3 percent as against 10.5 percent for September, analysts said. This would be the thi
Published 31 Oct, 2011 12:00am
Pakistan triumph at Hong Kong Sixes

Pakistan triumph at Hong Kong Sixes

Blistering half centuries by Abdul Razzaq and Sohail Tanvir guided Pakistan to a 35-run victory over England to be crowned champions at the Hong Kong Sixes on Sunday. Captain Razzaq smashed 63 not out, while the left-handed Tanvir battered 58, as Pakistan
Published 31 Oct, 2011 12:00am
Pakistan triumph at Hong Kong Sixes

Pakistan triumph at Hong Kong Sixes

Blistering half centuries by Abdul Razzaq and Sohail Tanvir guided Pakistan to a 35-run victory over England to be crowned champions at the Hong Kong Sixes on Sunday. Captain Razzaq smashed 63 not out, while the left-handed Tanvir battered 58, as Pakistan
Published 31 Oct, 2011 12:00am
Qatar Airways to ply domestic routes in Iran

Qatar Airways to ply domestic routes in Iran

Sanctions-hit Iran is taking the unprecedented step of allowing a foreign airline, Qatar Airways, to ply its domestic routes, an Iranian official told the ISNA news agency Sunday.
Published 31 Oct, 2011 12:00am
Qatar Airways to ply domestic routes in Iran

Qatar Airways to ply domestic routes in Iran

Sanctions-hit Iran is taking the unprecedented step of allowing a foreign airline, Qatar Airways, to ply its domestic routes, an Iranian official told the ISNA news agency Sunday.
Published 31 Oct, 2011 12:00am
Qatar Airways to ply domestic routes in Iran

Qatar Airways to ply domestic routes in Iran

Sanctions-hit Iran is taking the unprecedented step of allowing a foreign airline, Qatar Airways, to ply its domestic routes, an Iranian official told the ISNA news agency Sunday.
Published 31 Oct, 2011 12:00am
Assad warns of 'quake' if West intervenes in Syria

Assad warns of 'quake' if West intervenes in Syria

Syria's President Bashar al-Assad has warned that any Western intervention would cause an "earthquake" inflaming the region, after almost 100 people died in the bloodiest two days of tthe uprising against his rule. Assad in an interview with Britain's Sun
Published 31 Oct, 2011 12:00am
Assad warns of 'quake' if West intervenes in Syria

Assad warns of 'quake' if West intervenes in Syria

Syria's President Bashar al-Assad has warned that any Western intervention would cause an "earthquake" inflaming the region, after almost 100 people died in the bloodiest two days of tthe uprising against his rule. Assad in an interview with Britain's Sun
Published 31 Oct, 2011 12:00am
Arab unrest: perspectives - XLIV

Arab unrest: perspectives - XLIV

Is Arab Spring likely to evolve into a new idea, distinctive practice, system, or philosophy, typically a political ideology or an artistic movement? "Potentially, yes" was the answer of philosopher and critical theorist Slavoj Zizek at the Charlie Rose S
Published 31 Oct, 2011 12:00am
Arab unrest: perspectives - XLIV

Arab unrest: perspectives - XLIV

Is Arab Spring likely to evolve into a new idea, distinctive practice, system, or philosophy, typically a political ideology or an artistic movement? "Potentially, yes" was the answer of philosopher and critical theorist Slavoj Zizek at the Charlie Rose S
Published 31 Oct, 2011 12:00am
Qantas ordered to resolve dispute after fleet grounded

Qantas ordered to resolve dispute after fleet grounded

An Australian labour tribunal ordered Qantas Airways and its unions to immediately terminate all industrial action and return to the negotiating table to resolve a dispute after the airline grounded its entire global fleet.
Published 31 Oct, 2011 12:00am
Qantas ordered to resolve dispute after fleet grounded

Qantas ordered to resolve dispute after fleet grounded

An Australian labour tribunal ordered Qantas Airways and its unions to immediately terminate all industrial action and return to the negotiating table to resolve a dispute after the airline grounded its entire global fleet.
Published 31 Oct, 2011 12:00am
Qantas ordered to resolve dispute after fleet grounded

Qantas ordered to resolve dispute after fleet grounded

An Australian labour tribunal ordered Qantas Airways and its unions to immediately terminate all industrial action and return to the negotiating table to resolve a dispute after the airline grounded its entire global fleet.
Published 31 Oct, 2011 12:00am
Enhancing economic ties: Australia invites Pakistan for meaningful talks

Enhancing economic ties: Australia invites Pakistan for meaningful talks

Australia on Sunday invited Pakistan for a meaningful dialogue to deepen economic ties, enhance co-operation in agriculture, and undertake joint investment ventures to strengthen bilateral relations and as an effective means to counter-terrorism. Australi
Published 31 Oct, 2011 12:00am
Enhancing economic ties: Australia invites Pakistan for meaningful talks

Enhancing economic ties: Australia invites Pakistan for meaningful talks

Australia on Sunday invited Pakistan for a meaningful dialogue to deepen economic ties, enhance co-operation in agriculture, and undertake joint investment ventures to strengthen bilateral relations and as an effective means to counter-terrorism. Australi
Published 31 Oct, 2011 12:00am
Enhancing economic ties: Australia invites Pakistan for meaningful talks

Enhancing economic ties: Australia invites Pakistan for meaningful talks

Australia on Sunday invited Pakistan for a meaningful dialogue to deepen economic ties, enhance co-operation in agriculture, and undertake joint investment ventures to strengthen bilateral relations and as an effective means to counter-terrorism. Australi
Published 31 Oct, 2011 12:00am
Commonwealth defends relevance, faces human rights finger-pointing

Commonwealth defends relevance, faces human rights finger-pointing

Commonwealth leaders on Sunday defended their moves to toughen support for human rights, rejecting criticism the group was becoming irrelevant and had failed at their three-day summit to hold member Sri Lanka accountable for alleged abuses.
Published 31 Oct, 2011 12:00am
Commonwealth defends relevance, faces human rights finger-pointing

Commonwealth defends relevance, faces human rights finger-pointing

Commonwealth leaders on Sunday defended their moves to toughen support for human rights, rejecting criticism the group was becoming irrelevant and had failed at their three-day summit to hold member Sri Lanka accountable for alleged abuses.
Published 31 Oct, 2011 12:00am
Saindak project: lease likely to be extended for five years

Saindak project: lease likely to be extended for five years

Metallurgical Corporation of China (MCC) is likely to get five-year extension in the lease of Saindak project, beyond October 2012, and it will set up copper refinery in Balochistan, sources told Business Recorder. The MCC is operating Saindak proj
Published 31 Oct, 2011 12:00am
Saindak project: lease likely to be extended for five years

Saindak project: lease likely to be extended for five years

Metallurgical Corporation of China (MCC) is likely to get five-year extension in the lease of Saindak project, beyond October 2012, and it will set up copper refinery in Balochistan, sources told Business Recorder. The MCC is operating Saindak proj
Published 31 Oct, 2011 12:00am
Saindak project: lease likely to be extended for five years

Saindak project: lease likely to be extended for five years

Metallurgical Corporation of China (MCC) is likely to get five-year extension in the lease of Saindak project, beyond October 2012, and it will set up copper refinery in Balochistan, sources told Business Recorder. The MCC is operating Saindak proj
Published 31 Oct, 2011 12:00am
THE RUPEE: gains recorded versus dollar

THE RUPEE: gains recorded versus dollar

Corrective measures helped the rupee to recover some gains against dollar, whereas it losses in terms of euro during the week ended on October 29, 2011. In interbank dealings, the rupee was up by 12 paisa in relation to dollar for buying at 86.58 and 13 p
Published 31 Oct, 2011 12:00am
THE RUPEE: gains recorded versus dollar

THE RUPEE: gains recorded versus dollar

Corrective measures helped the rupee to recover some gains against dollar, whereas it losses in terms of euro during the week ended on October 29, 2011. In interbank dealings, the rupee was up by 12 paisa in relation to dollar for buying at 86.58 and 13 p
Published 31 Oct, 2011 12:00am
Altaf asks allies to take out peace rallies

Altaf asks allies to take out peace rallies

MQM chief Altaf Hussain said on Sunday that his party workers, along with Pakistan People's Party (PPP), Pakistan Muslim League-Q and other coalition political parties, "are ready to take out public protest rallies".
Published 31 Oct, 2011 12:00am
Altaf asks allies to take out peace rallies

Altaf asks allies to take out peace rallies

MQM chief Altaf Hussain said on Sunday that his party workers, along with Pakistan People's Party (PPP), Pakistan Muslim League-Q and other coalition political parties, "are ready to take out public protest rallies".
Published 31 Oct, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (October 30, 2011) and the forecast for Monday (October 31, 2011).

Published 31 Oct, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 25 to 28 October 2011)

Published 31 Oct, 2011 12:00am
Pak-US ties lack respect, dignity: Javed Jabbar

Pak-US ties lack respect, dignity: Javed Jabbar

The people of Pakistan wanted to have a relationship with the United States on the basis of respect and dignity and there was a solid foundation for two countries to build on for durable ties, said while the former Pakistani minister Javed Jabbar was spea
Published 31 Oct, 2011 12:00am
Security at sacrificial animal market put on high alert

Security at sacrificial animal market put on high alert

Security at Asia's biggest sacrificial animal market is on high alert as Sindh police on Sunday declared 20 adjacent areas as dacoits' havens. According to sources, the Sindh police on the intelligence report directed to all concerned police stations to t
Published 31 Oct, 2011 12:00am
Rehman lauds Altaf for pro-President rally

Rehman lauds Altaf for pro-President rally

Interior Minister, Rehman Malik on Sunday appreciated the role of MQM chief Altaf Hussain for strengthening democracy in the country. While having a chat with mediamen following a review of the security for the "Istehkam-e-Jamhoriyat Rally" here, Rehman M
Published 31 Oct, 2011 12:00am
PML-N reacts to burning of its offices

PML-N reacts to burning of its offices

The situation being created by burning the offices of Pakistan Muslim League-Nawaz (PML-N) in Sindh and Karachi is a conspiracy against democracy and PML-N will foil this conspiracy. The rallies of MQM and Tehrik-e-Insaf are the same and their director is
Published 31 Oct, 2011 12:00am
Musharraf not been officially entertained: US

Musharraf not been officially entertained: US

The United States had said that the former president Pervez Musharraf was a private citizen and did not meet any American official at the State Department. Spokesperson of the State Department, Victoria Nuland avoided any comments on Pakistan's internal p
Published 31 Oct, 2011 12:00am
Redefining leadership in Pakistan

Redefining leadership in Pakistan

Mr Steven Burton is Associate Dean for the MBA Programme at the Karachi School for Business & Leadership. Steven Burton was most recently Director of the MBA Programmes at Dallas and Houston for The University of Texas, Austin. In this role he had had ove
Published 31 Oct, 2011 12:00am
Redefining leadership in Pakistan

Redefining leadership in Pakistan

Mr Steven Burton is Associate Dean for the MBA Programme at the Karachi School for Business & Leadership. Steven Burton was most recently Director of the MBA Programmes at Dallas and Houston for The University of Texas, Austin. In this role he had had ove
Published 31 Oct, 2011 12:00am
State Bank's autonomy

State Bank's autonomy

According to a press report, newly appointed State Bank governor Yaseen Anwar plans on working closely with the Senate to sanctify into law the SBP's independence - something it has worked to establish in practice over the past decade.
Published 31 Oct, 2011 12:00am
Philippine farmers cash in on civet coffee dung

Philippine farmers cash in on civet coffee dung

Philippine farmers used to hunt and kill the civets that ate their coffee beans - until they realised the animals' droppings were worth a small fortune. Now the ravenous nocturnal raider with the pungent faeces has a status akin to the fabled goose that l
Published 31 Oct, 2011 12:00am
Bangkok's neighbours bear the brunt of the floodwaters

Bangkok's neighbours bear the brunt of the floodwaters

Prayuth Khamken, the owner of a vegetable farm in Nakorn Phatom province near Bangkok has left his land under more than a metre of water. Floods diverted from the capital swamped his farm in Puthamonthon Sai 2 district, leaving him nearly neck-high in wat
Published 31 Oct, 2011 12:00am
The only way forward

The only way forward

As intense speculation about the success or failure of the opposition's drive to oust the present dispensation prior to the Senate elections scheduled for March gathers momentum the question that is increasingly being heard in this country, plush drawing-
Published 31 Oct, 2011 12:00am
Airing a canard

Airing a canard

There are no two opinions about the fact that after the decade-long warfare in Afghanistan, peace through reconciliation among the Afghans of all shades and hues has come to the fore as the only viable option. Even as IDEs still explode and night raids co
Published 31 Oct, 2011 12:00am
The RPP saga continues

The RPP saga continues

The honourable judges of the Supreme Court, while resuming suo motu and Khawaja Mohammad Asif versus Federation of Pakistan hearing on allegations of corruption in the rental power plants (RPPs), observed that not only were they puzzled why billions of ru
Published 31 Oct, 2011 12:00am
Germans and Turks mark 50 years since first migration

Germans and Turks mark 50 years since first migration

Dozens of Turkish pensioners and their families arrived in Munich on Sunday, dazed but elated after a four-day train journey from Istanbul to commemorate the trip they first made 50 years ago in answer to Germany's call for workers. Invited by a then West
Published 31 Oct, 2011 12:00am
Liberia election chief resigns ahead of vote

Liberia election chief resigns ahead of vote

The head of Liberia's election commission, who has been accused of bias by incumbent President Ellen Johnson-Sirleaf's challenger, has resigned, days ahead of a planned presidential run-off vote.
Published 31 Oct, 2011 12:00am
China to maintain strict 'one child' policy

China to maintain strict 'one child' policy

China, the world's most populous country with more than 1.3 billion people, will maintain its strict "one-child" policy, state media said Sunday, despite calls for the rules to be relaxed. The population control measure has prevented almost half a billion
Published 31 Oct, 2011 12:00am
Israeli former soldier jailed for leaking secret papers

Israeli former soldier jailed for leaking secret papers

An Israeli court sentenced a former soldier to four and a half years in prison on Sunday for leaking classified military documents to a newspaper, which later reported allegations of a policy to assassinate Palestinian militants.
Published 31 Oct, 2011 12:00am
Australian Prime Minister vows to stay Afghan course after attack

Australian Prime Minister vows to stay Afghan course after attack

Australian Prime Minister Julia Gillard Sunday defended her country's involvement in Afghanistan after three troops were shot dead and seven wounded in an attack by a rogue Afghan soldier. Speaking in Perth, she said the nation's deadliest incident in the
Published 31 Oct, 2011 12:00am
Merkel's CDU to campaign for minimum wage in Germany

Merkel's CDU to campaign for minimum wage in Germany

German Chancellor Angela Merkel's Christian Democrats (CDU) will likely come out in favour of a mandatory minimum wage at their annual party congress in November, a CDU paper obtained by Reuters showed.
Published 31 Oct, 2011 12:00am
Iceland capital curbs best eased slowly

Iceland capital curbs best eased slowly

Iceland should take a cautious approach to removing remaining capital controls which it put in place at the height of the financial crisis, but which are now blamed for slowing economic recovery, its finance minister said on Thursday. Iceland's economy no
Published 31 Oct, 2011 12:00am
South Sudan offers oil, money if Khartoum gives up Abyei

South Sudan offers oil, money if Khartoum gives up Abyei

South Sudan said on Friday it was offering its former civil war foe Khartoum oil at discounted prices and financial help if it gives up a claim to the disputed border region of Abyei. South Sudan became Africa's newest nation in July after a vote agreed u
Published 31 Oct, 2011 12:00am
Haiti looks to Asia, own diaspora, for investment

Haiti looks to Asia, own diaspora, for investment

Haiti is wooing Asian manufacturers, and its own diaspora, to inject investments and funds into the economy and create jobs to drive a recovery from last year's earthquake, the foreign minister said on Thursday.
Published 31 Oct, 2011 12:00am
Hologram Industries banks on forgery fight

Hologram Industries banks on forgery fight

Hologram Industries, which specialises in fighting counterfeiting, is likely to hit its medium-term targets next year thanks to a stronger US presence and growth in manufacturing of holograms for use on bank money notes, its deputy chief executive said.
Published 31 Oct, 2011 12:00am
Norway oil fund wants more details on bailout scheme

Norway oil fund wants more details on bailout scheme

Norway's huge oil fund is holding fire on possible investments in the eurozone's beefed-up rescue mechanism until it has more information on how they would be structured, its chief executive said.
Published 31 Oct, 2011 12:00am
Saudi PCMC eyes solar, refining, gas projects

Saudi PCMC eyes solar, refining, gas projects

Saudi Petroleum, Chemicals and Mining Co (PCMC), wholly owned by Saudi BinLadin Group, hopes to be more successful in renewable and nuclear energy projects after its attempts to develop the kingdom's first privately owned refinery failed, its chief execut
Published 31 Oct, 2011 12:00am
Strategic Hotels eyes deals, more debt

Strategic Hotels eyes deals, more debt

US luxury hotel owner Strategic Hotels and Resorts may take on up to $400 million in extra debt for strategic asset buys, mainly in the United States, having just extended a wave of debt maturities previously due in 2011-13.
Published 31 Oct, 2011 12:00am
Tunisia's Ennahda likely to back an open economy

Tunisia's Ennahda likely to back an open economy

Tunisian Islamists who won a historic election victory this week are expected to promote business-friendly economic policies but Europe's economic woes could favour Gulf investors in the short term, analysts say.
Published 31 Oct, 2011 12:00am
World needs to update its flu vaccines: study

World needs to update its flu vaccines: study

As Americans line up for flu shots, they should consider that the vaccines may be far less effective than thought, according to a new study. Michael Osterholm, an infectious disease specialist at the University of Minnesota, and his colleagues found that
Published 31 Oct, 2011 12:00am
Kidney stones tied to higher diabetes risk

Kidney stones tied to higher diabetes risk

People who've suffered bouts of kidney stones may have an increased risk of developing type 2 diabetes later on, new research suggests. A number of studies have observed that people with diabetes are more likely to form kidney stones than diabetes-free pe
Published 31 Oct, 2011 12:00am
More evidence that coffee cuts skin cancer risk

More evidence that coffee cuts skin cancer risk

More evidence that coffee, particularly among female drinkers, has a positive effect against the most common form of skin cancer world-wide was released on October 24 at a major US medical conference. Women who drank more than three cups per day of caffei
Published 31 Oct, 2011 12:00am
China's glaciers in meltdown mode

China's glaciers in meltdown mode

Sharp increases in temperature driven by global warming are melting China's Himalayan glaciers, an impact that threatens habitats, tourism and economic development, says a study released on October 25.
Published 31 Oct, 2011 12:00am
Warming could exceed safe levels in many of our lifetimes

Warming could exceed safe levels in many of our lifetimes

Global temperature rise could exceed "safe" levels of two degrees Celsius in some parts of the world in many of our lifetimes if greenhouse gas emissions continue to increase, two research papers published in the journal Nature warned.
Published 31 Oct, 2011 12:00am
Climate: which nations, cities most at risk?

Climate: which nations, cities most at risk?

A third of humanity, mostly in Africa and South Asia, face the biggest risks from climate change but rich nations in northern Europe will be least exposed, according to a report released on October 26. Bangladesh, India and the Democratic Republic of Cong
Published 31 Oct, 2011 12:00am
New app aims to reduce stress with slow breathing

New app aims to reduce stress with slow breathing

Want to reduce stress and improve mental focus? A new app that promotes slow breathing may help. Called MyCalmBeat, the app uses a heart rate monitor that attaches to the ear to detect a person's optimal breathing rate, or resonant frequency, which is uni
Published 31 Oct, 2011 12:00am
SU pre-entry test: 3,864 candidates appear

SU pre-entry test: 3,864 candidates appear

In all 3,864 candidates appeared at pre-entry test for admissions to Masters, MS and MPhil degree programmes at the University of Sindh for its academic session 2012 in a discipline and peaceful environment here on Sunday. Pre-entry test was conducted at
Published 31 Oct, 2011 12:00am
Minister inaugurates PIA Boeing 777 flight simulator

Minister inaugurates PIA Boeing 777 flight simulator

Minister for Defence and Chairman PIA Chaudhry Ahmed Mukhtar inaugurated the state of art PIA Boeing 777 flight simulator installed at PIA Training Centre, PIA spokesman said here on Sunday.
Published 31 Oct, 2011 12:00am
Short-term price trend in local market appears easy

Short-term price trend in local market appears easy

During the last week, weather remained dry and sunny in almost all cotton areas of Sindh and Punjab provinces. Winter season is creeping in keeping temperatures lower during the nights, which would help cotton crop improve fibre length.
Published 31 Oct, 2011 12:00am
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