News Archives for Print - 2011-12-02

Print - 2011-12-02

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (December 01, 2011).

Published 02 Dec, 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 Thursday (December 01, 2011).

Published 02 Dec, 2011 12:00am

Brief recordings

Provinces need to show more trust on others: ex-Chairman IRSA

Published 02 Dec, 2011 12:00am

Restoration of Commissionerate System: KMC fails to check rising prices of edible items

Since the restoration of Commissionerate System of 1979, the Karachi Metropolitan Corporation (KMC), has appeared to be toothless to keep a check on rising prices of daily use food items and take action against the profiteers and over-chargers.

Published 02 Dec, 2011 12:00am

CEO KESC stresses need for pragmatic changes to facilitate investors

Tabish Gauhar, CEO, KESC on Thursday stressed the need of pragmatic changes in the policies to facilitate foreign investors in Pakistan. He was speaking at a concluding session of UAE Trade and Investment Conference held in UAE Expo 2011 here. He said the

Published 02 Dec, 2011 12:00am

Data Motors case: two sentenced to 12 years jail

The Accountability Court No III, Rawalpindi awarded 12 years imprisonment each to accused Asad Ali Malik and Muhammad Mehmood Ishaq and also fined both Rs 326 million in the Data Motors case G-8 Markaz, Islamabad. Both the accused were arrested by NAB in

Published 02 Dec, 2011 12:00am

Artificial jewellery worth Rs 0.45 million looted

A gang of robbers on Thursday took away artificial ornaments worth over Rs 0.45 million from a jewellery shop in the limits of Ferozabad police station. According to police, the incident took place at Silver Jubliee Jewellery shop located in Tariq road co

Published 02 Dec, 2011 12:00am

Met office forecasts foggy weather

The Met Office on Thursday forecast foggy/ misty conditions are expected to prevail in plains of Punjab, Khyber Pakhtunkhwa and Sukkur division during early morning hours. Mainly dry weather is expected in most parts of the country, it says, adding, "A sh

Published 02 Dec, 2011 12:00am

Commerce ministry starts process of selecting trade officers

The Commerce Ministry has initiated process of selecting Trade Officers in BS-18, 19 and 20 for posting in the Pakistan Missions abroad after winning a case against the Commerce and Trade Group. Several officers of different groups who have political link

Published 02 Dec, 2011 12:00am

Patients suffering from blood cancer: Khyber Pakhtunkhwa government launches Rs 7.2 billion free treatment project

The provincial government of Khyber Pakhtunkhwa on Thursday launched Rs 7.2 billion free treatment project for the patients of blood cancer in the province. The project was launched in a ceremony at a local hotel. Khyber Pakhtunkhwa Minister for Finance,

Published 02 Dec, 2011 12:00am

Study on intergovernmental finance: CSF gives presentation to key institutions

The Competitiveness Support Fund, a joint initiative of the ministry of finance, Government of Pakistan and the United States Agency for International Development (USAID), made a presentation to the key institutions responsible for economic management of

Published 02 Dec, 2011 12:00am

Seminar on 'Narcotics and its effects on Society' held

Speakers at awareness seminar on "Anti-Narcotics" have called upon the media, academicians, religious scholars, civil society and other national building institutions to jointly work for educating masses, especially youth against the use of narcotics and

Published 02 Dec, 2011 12:00am

LHC issues notice to secretary foreign affairs

The fate of an Indian prisoner Surjit Singh would be decided after direction from General Head Quarters (GHQ) Rawalpindi and presidency although his jail term expired a year back. This was submitted superintendent central jail Lahore in his written reply

Published 02 Dec, 2011 12:00am

NTB, other issues: 100-member LCCI delegation to leave for India today

A 100-member LCCI delegation, led by its President, Irfan Qaiser Sheikh, is leaving for India on Friday (today) on a five-day visit to take up Non-Tariff Barriers and other bilateral trade related issues with their counterparts. On the first day, Irfan Sh

Published 02 Dec, 2011 12:00am

LEAs' raids: underworld don among nine arrested

Law Enforcement Agencies (LEAs) on Thursday claimed to have arrested nine suspects including three extortionists, an underworld don and five dacoits in separate raids in different parts of the metropolis. According to police sources, a team of Crime Inves

Published 02 Dec, 2011 12:00am

Three killed in various incidents of violence

Three persons were killed in separate incidents in different areas of the city here on Thursday. According to police, a soap factory watchman was shot dead near Zia Colony Graveyard, Orangi Town, in the limits of Mominabad police station. The incident too

Published 02 Dec, 2011 12:00am

Nust research facility named after Dr Samar Mubarkmand

In recognition of Dr Samar Mubarkmand's meritorious services as a nuclear scientist and to pay him tribute for his contributions towards national development, National University of Sciences and Technology (Nust) named one of its state-of-the-art research

Published 02 Dec, 2011 12:00am

'30 percent seats via direct election should be reserved for women'

Acting Chairman Senate Mir Jan Muhammad Khan Jamali has said that strengthening of democracy via repetitive electoral process is a lengthy and continuous process that can ultimately lead to maturity of democratic system. He said that side by side educatio

Published 02 Dec, 2011 12:00am

Hike in POL prices: Jamaat-e-Islami submits adjournment motion

Jamaat-e-Islami (JI) on Thursday submitted adjournment motion in Senate Secretariat against the current 5.51 surge in petroleum products prices. The motion submitted to the Senate was signed by three JI Senators including Professor Khurshid Ahmed, Profess

Published 02 Dec, 2011 12:00am

Another polio case detected in Balochistan

Another polio case has been reported in Balochistan and number of police cases in the province has reached to 64. Official sources said on Thursday that medical team detected polio virus in a nine-month old baby Bahota Bibi, the daughter of Habibullah in

Published 02 Dec, 2011 12:00am

Major General Farooq joins USC as MD

Major General Malik Muhammad Farooq (Retd) has joined Utility Stores Corporation (USC) as MD Establishment Division, government of Pakistan issued the notification. Upon taking over the charge as MD, he lauded the endeavours of the current management and

Published 02 Dec, 2011 12:00am

Karachi University notification

Director Admissions, Karachi University (KU), Professor Dr Khalid Iraqi has announced that the last date for submission of admission form for BS/Hons Programme (Open Merit) has been extended till 3rd December 2011. However, forms can only be obtained and

Published 02 Dec, 2011 12:00am

Rs 350 million released for construction of 23 new colleges: Mazhar

Sindh Finance department released Rs 350 million for construction of 23 new colleges in the province, Pir Mazhar-ul-Haq, Senior Minister for Education and Literacy, said on Thursday.

Published 02 Dec, 2011 12:00am

Sri Lankan CG visits Karachi Chamber

Consul General of Sri Lanka, D W Jinadasa has said Sri Lanka is member of the South Asian Free Trade Area (Safta), Asia Pacific Trade Agreement (APTA) and Free Trade Agreement (FTA) with India. These trade agreements will provide good opportunities to the

Published 02 Dec, 2011 12:00am

UAE companies urged to stay and make long-term strategic investment

Speakers at UAE trade and investment conference at Karachi Expo Centre said Thursday that Pakistan is a growing market and UAE companies operating here would stay and make long-term strategic investment. President and CEO of Pakistan Telecommunication Com

Published 02 Dec, 2011 12:00am

SCCI disappointed over SBP decision

President Sialkot Chamber of Commerce and Industry (SCCI) Naeem Anwar Qureshi has expressed disappointment on the decision of the State Bank of Pakistan (SBP) to maintain the interest rate at 12 present would only promote Non Performing Loans.

Published 02 Dec, 2011 12:00am

PIAF criticises increase in POL prices

Pakistan Industrial and Traders Associations Front (PIAF) has strongly criticised the repeated increases in petroleum prices and said that it is an ample proof of government's non-seriousness towards the wellbeing of the masses who are suffering due to mu

Published 02 Dec, 2011 12:00am

'Days of PPP are numbered'

Pakistan Muslim League-Nawaz (PML-N) leader, Dr Saeed Elahi has said that the days of People's Party have been numbered and the nation would receive justice. Dr Saeed Elahi said that the Pakistan Muslim League-N chief Nawaz Sharif is representing the sent

Published 02 Dec, 2011 12:00am

Nato cross-border attack: Army urged to avenge killings of 24 troops

Lawyers community in the city took out rally against Nato air strikes on Pakistan army posts in Mohmand Agency here on Thursday and urged the army to avenge the killings of 24 troops. The rally after a general house meeting of the Lahore Bar Association s

Published 02 Dec, 2011 12:00am

Punjab University holds demonstration against Nato aggression

Punjab University held a protest gathering against Nato attack on Pakistani check-posts in Mohmand Agency here at the lawn of College of Art & Design, Old Campus.

Published 02 Dec, 2011 12:00am

Zardari himself root cause of problems: chief minister Punjab

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that it is hard to expect solution of problems from President Zardari as he himself is the root cause of these problems and the whole nation has risen up in protest and has took it to streets against

Published 02 Dec, 2011 12:00am

PTI holds rally against Nato attacks

Pakistan Tehrik-i-Insaf on Thursday organised a big rally under the leadership of Ex-MNA, Shaikh Tahir Rashid to express solidarity with armed forces and to condemn the Nato/Isaf for attacking the Pakistani checkposts and killing 24 soldiers. The rally wa

Published 02 Dec, 2011 12:00am

Jamaat-e-Islami's protest against Nato attacks today

Countrywide protest against the unprovoked Nato attack on two military posts killing about two dozen soldiers, is being observed on Friday (today) on the appeal of the Jamaat e Islami chief, Syed Munawar Hasan. Protest rallies and public meetings will be

Published 02 Dec, 2011 12:00am

MCCI terms unchanged interest rate 'unjust'

President Multan Chamber of Commerce and Industry (MCCI) Anis A Sheikh has said industrialists have been demanding since long to bring down the mark up rate and make it to single digit in order to promote industrialisation in the country. "We cannot have

Published 02 Dec, 2011 12:00am

Jamaat-e-Islami condemns rise in POL prices

Jamaat-e-Islami chief, Syed Munawwar Hassan, has condemned the uncalled for rise in POL prices and demanded its withdrawal. Terming the present government as anti people, he said the party that had been promising Roti, Kapra and Makan to the masses, had p

Published 02 Dec, 2011 12:00am

US paper slams Obama administration's mum over Nato strike

An American newspaper on Thursday criticised the Obama Administration for its muted response to the deadly Nato attack on Pakistani check-posts, warning of serious consequences of further deterioration in US-Pakistan ties. "Given the stakes involved, the

Published 02 Dec, 2011 12:00am

Partly Facetious: What's OWS?

"What do you think of Occupy Wall Street (OWS) movement in the US?"

Published 02 Dec, 2011 12:00am

Seminar on 'Impact of Indian media on Pakistani culture'

A seminar on 'Indian media and its impact over Pakistani culture' was held recently at Khadim Ali Shah Bukhari Institute of Technology (Kasbit). The famous drama artist and comedian Ayaz Khan was the chief guest. A large number of Kasbit students and teac

Published 02 Dec, 2011 12:00am

HIV claims 25 million lives in three decades

HIV has claimed more than 25 million lives over the past three decades while about 7 million HIV infected people all over the world are still waiting for access to the treatment of the disease. According to the latest report by the WHO, UNICEF and UNAIDS,

Published 02 Dec, 2011 12:00am

Eradication of HIV/Aids demands special efforts, says Governor Khyber Pakhtunkhwa

Governor Khyber Pakhtunkhwa, Barrister Masood Kausar has said the theme of World AIDS Day 2011 is "Getting to Zero": zero new infections, zero discrimination and zero AIDS-related deaths," demands special efforts and there is a need for making education a

Published 02 Dec, 2011 12:00am

World AIDS Day observed in Nowshera

Pakistan Village Development Programme (PVDP) organised a function on Thursday to observe world AIDS day in collaboration with an international relief agency, TROCAIR. The function was held in Government High School Banda Sheikh Ismail, in district Nowshe

Published 02 Dec, 2011 12:00am

Walk held to create awareness about HIV/AIDS

The Sindh Health and Education Development Society (SHEDS) arranged walk on Thursday in connection with World Aids Day. The walk led by Programme Co-ordinator SHEDS Dr Zahid Saddar started from Hyderabad Gymkhana, which after marching through different ro

Published 02 Dec, 2011 12:00am

Government neglecting National AIDS Programme

Despite the fact that 5,000 people become victims of HIV /AIDS every year in Pakistan, the government is constantly neglecting the National AIDS Programme (NAIDSP), and its workers are still waiting for their salaries for the last 5 months with looming th

Published 02 Dec, 2011 12:00am

Prices of 22 commodities, services register eight percent rise: Fafen

The prices of 22 commodities and services had registered 8 percent increased during the month of November 2011, as compared to the prices of in the preceding month, said a report of Free and Fair Election Network (FAFEN) issued here on Thursday.

Published 02 Dec, 2011 12:00am

World AIDS Day observed in Lahore

Like other parts of the globe, 'World AIDS Day 2011' was observed here on Thursday (December 01) with a renewed pledge to make all out efforts to raise awareness among the public about HIV/AIDS so that the goal of healthy society could be achieved by focu

Published 02 Dec, 2011 12:00am

KBP, NGO sign MoU

Kisan Board Pakistan (KBP) has entered into an agreement with a non-governmental organisation (NGO) 'Faith Matters' to utilize latest information technology tools like short messaging services (SMS) keeping growers update about daily prices of agricultura

Published 02 Dec, 2011 12:00am

US MIDDAY: gold eases

Gold fell in light trade on Thursday, snapping a three-day rally, as the bullion market took a breather after the previous session's sharp gains and ahead of Friday's key US jobs report. Palladium surged almost 4 percent, putting it on track for its large

Published 02 Dec, 2011 12:00am

US MIDDAY: copper drops

Copper shed more than 1 percent on Thursday, pressured by poor Chinese manufacturing data that fed fears about sluggish demand prospects from the world's top red metal buyer. In New York, the newly active March COMEX contract fell 4.15 cents to settle at

Published 02 Dec, 2011 12:00am

US MIDDAY: grains down

US grains erased opening gains to head lower on Thursday as weak fundamentals and concerns over global growth returned to weigh on markets that were lifted a day earlier when central banks intervened in the eurozone crisis. Soyabean futures at the Chicago

Published 02 Dec, 2011 12:00am

Gold touches two-week highs in London trade

Gold rose to its highest in two weeks on Thursday after a co-ordinated effort by the world's major central banks to unlock the credit markets and prevent a global financial meltdown gave investors confidence to cut their holdings of cash. The US Federal R

Published 02 Dec, 2011 12:00am

Gold climbs high in Asia

Gold hit a 2-week high on Thursday as gains in equities and the euro prompted buying from speculators after major central banks took co-ordinated action to prevent the eurozone debt crisis from igniting a global economic meltdown. Gold edged 0.1 percent d

Published 02 Dec, 2011 12:00am

US gold near two percent up

Gold rose nearly 2 percent on Wednesday and posted its biggest three-day rally in more than a month, with investors piling into bullion as a hedge against currency depreciation after central banks boosted liquidity for lenders. Spot gold rose 1.8 percent

Published 02 Dec, 2011 12:00am

Cocoa at three-year low

Cocoa futures inched lower on Thursday, marking the lowest settlements in around three years as worries over global economic growth prospects continued to weigh on the commodity complex. ICE arabica coffee and sugar finished down a shade in choppy and rel

Published 02 Dec, 2011 12:00am

Palm oil rises

Malaysian palm oil futures rose on Thursday, supported by an improved global economic outlook and a market correction after recording straight losses for more than five days. "The market is higher today tracking Dalian and CBOT. Signs that the European de

Published 02 Dec, 2011 12:00am

US wheat, corn fall

US wheat futures fell on Wednesday, while corn slashed its gains as bearish fundamentals doused euphoria from a co-ordinated move by major central banks to boost liquidity in financial markets. Forecasts for snow and rain in wheat areas in the dry souther

Published 02 Dec, 2011 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1700 GMT.

Published 02 Dec, 2011 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1700 GMT.

Published 02 Dec, 2011 12:00am

Tokyo, Shanghai rubber jump

Tokyo rubber futures jumped 6.8 percent to a three-week high on Thursday on the back of surging share markets and oil prices and may rise further as sentiment improved after prices finished above a key resistance of 280 yen, dealers said. The benchmark ru

Published 02 Dec, 2011 12:00am

Crude oil falls

Crude oil futures fell on Thursday as signs of a further economic slowdown in Europe and a weaker factory sector in China outweighed better-than-expected US manufacturing data. First-time filings for jobless benefit s in the United States, the No 1 oil co

Published 02 Dec, 2011 12:00am

Copper declines

Copper fell on Thursday as a rally sparked by the surprise injection of liquidity into the financial system by central banks ran out of steam, although the decline was limited by upbeat data in the United States, the world's largest economy. The pace of g

Published 02 Dec, 2011 12:00am

Shanghai copper, zinc up

Copper and zinc in Shanghai surged by their 6 percent daily limit, chasing steep gains in London when copper soared as much as 6.8 percent to a near one-month top of $8,000 a tonne. In Shanghai, the most-traded February copper contract on the Shanghai Fut

Published 02 Dec, 2011 12:00am

US copper jumps

Copper prices jumped more than 5.5 percent to a four-week high on Wednesday on a wave of short-covering after global central banks' surprise intervention to provide needed liquidity to the financial system. In the United States, benchmark December copper

Published 02 Dec, 2011 12:00am

New York cotton settles higher

Cotton futures settled firmer on Thursday on buying by small investors in a range-bound market and fibre contracts are seen drifting into the weekend given a lack of leads at this time, brokers said. Key March cotton futures rose 0.39 cent to finish at 91

Published 02 Dec, 2011 12:00am

Syrian firms, VIPs sanctioned in 'civil war'

The United States, European Union and Arab League blacklisted Syrian VIPs and companies on Thursday to force an end to the military crackdown on protesters challenging the rule of President Bashar al-Assad. Bloodshed continued in Syria in what one United

Published 02 Dec, 2011 12:00am

Palestinian labour minister resigns

Palestinian Labour Minister Ahmed Majdalani said Thursday he had offered his resignation after insulting remarks he made about government workers were accidentally broadcast on local radio. "I have put my resignation at the disposal of the government of t

Published 02 Dec, 2011 12:00am

18 killed in Iraq's attacks

Attacks in Iraq's confessionally mixed Diyala province, north of Baghdad, killed 18 people on Thursday, 10 of them in a market bombing in the town of Khalis, medical and security officials said. The bloodshed came as US Vice President Joe Biden was in Ira

Published 02 Dec, 2011 12:00am

Second wave of Afghan transition kicks off

A second wave of Afghanistan's transition from Nato to local control officially started Thursday as international forces handed over most of a peaceful province. All but two districts of Parwan province, north of the capital Kabul, are being handed to Afg

Published 02 Dec, 2011 12:00am

Kazakhstan opens Central Asia's first post-Soviet metro

Kazakhstan on Thursday launched the first metro system built in Central Asia since the collapse of the Soviet Union, a $1.1 billion project in its earthquake-prone commercial capital Almaty. President Nursultan Nazarbayev, who has run his vast steppe coun

Published 02 Dec, 2011 12:00am

EU tightens Iran sanctions, mulls oil ban

The European Union tightened its sanctions against Tehran on Thursday and laid out plans for a possible embargo on Iranian oil in response to mounting concerns in the West over the Opec producer's nuclear work. At a meeting in Brussels, EU foreign ministe

Published 02 Dec, 2011 12:00am

Britain fines Iran's Press TV

Britain's broadcasting watchdog said Thursday it had slapped Iran's Press TV with a heavy fine, leading the English-language channel to accuse the British royal family of trying to silence it. Ofcom fined the state-run outlet £100,000 ($156,000, 117,000 e

Published 02 Dec, 2011 12:00am

Italy recalls envoy

Italy said Thursday it was recalling its ambassador to Iran "for consultations" after the British embassy in Tehran was attacked by protesters this week. Foreign Minister Giulio Terzi made the announcement at a press conference in Brussels that was report

Published 02 Dec, 2011 12:00am

New WikiLeaks 'spy files' show surveillance industry

WikiLeaks founder Julian Assange launched the website's new project Thursday, the publication of hundreds of files it claims shows a global industry that gives governments tools to spy on their citizens. The files reveal the activities of about 160 compan

Published 02 Dec, 2011 12:00am

Obama offers Myanmar fresh start in relations

US President Barack Obama offered Myanmar a new era in relations if it reforms and promised democracy icon Aung San Suu Kyi his eternal support in letters hand-delivered by his top diplomat Thursday. The high-stakes personal intervention in a country long

Published 02 Dec, 2011 12:00am

First rewards for political reform

US Secretary of State Hillary Clinton offered Myanmar the first rewards for reform on Thursday, saying the United States would back more aid for the reclusive country and consider returning an ambassador after an absence of some two decades.

Published 02 Dec, 2011 12:00am

Thirteen charged in US microcap kickback cases

Federal officials in Boston said on Thursday they charged 13 people in connection with a kickback scheme involving microcap stocks. The defendants included corporate officers, lawyers and a stock promoter who allegedly used kickbacks and other tricks to g

Published 02 Dec, 2011 12:00am

Scandal-hit UBS ousts risk boss Miskovic

UBS removed its head of risk Maureen Miskovic on Thursday after less than a year in the job and 11 weeks after a $2 billion trading scandal rocked the Swiss bank. Chief Executive Sergio Ermotti put Philip Lofts, the man whose job Miskovic took, back in hi

Published 02 Dec, 2011 12:00am

Shared sacrifices allow Iraq war to end: Biden

US Vice President Joe Biden, in Iraq as the last American soldiers prepare to depart, thanked troops from both sides for their shared sacrifices, saying they helped to end the war. But even as Biden spoke of the conflict drawing to a close, 18 people were

Published 02 Dec, 2011 12:00am

Malaysian parliament adopts poll reforms

Malaysia's parliament on Thursday adopted electoral reforms including several demands made by leaders of a mass rally that alleged poll fraud. With general elections widely expected next year, tens of thousands of people took to the streets of the capital

Published 02 Dec, 2011 12:00am

Brief recordings

Provinces need to show more trust on others: ex-Chairman IRSA

Published 02 Dec, 2011 12:00am

Stable condition on cotton market

Cotton prices on the ready market were steady on Thursday despite an extended holiday weekend when closures will include the 5th and 6th of December 2011 due to Moharram holidays. New York cotton futures prices (ICE) oscillated like a pendulum on a grand

Published 02 Dec, 2011 12:00am

Thursday's afternoon trade: Wall Street eases

Wall Street eased on Thursday after the Dow posted its best run in nearly three years, but hopes Friday's key jobs report would underscore signs of strength in US economy kept investors engaged. The financial sector, the strongest gainer in Wednesday's 4

Published 02 Dec, 2011 12:00am

Nikkei average surges

The Nikkei stock average surged to a two-week high, breaking above a major resistance level on Thursday, after the world's central banks took co-ordinated action to ease funding strains among banks caused by the debt crisis in Europe. The central banks' m

Published 02 Dec, 2011 12:00am

Hong Kong, Chinese shares soar

Hong Kong and China shares started December strongly, surging in robust volumes on Thursday after Beijing signalled a policy shift late on Wednesday by cutting reserve requirement ratio for commercial lenders for the first time in three years. The move of

Published 02 Dec, 2011 12:00am

Swiss growth sputters on strong franc, may shrink

Swiss economic growth slowed to its weakest pace in more than two years in the third quarter as the strong franc hit exports, piling pressure on the central bank to do more to weaken the currency and prompting forecasts of impending recession. Switzerland

Published 02 Dec, 2011 12:00am

Olympus former chief executive campaigns to oust board, reclaim top job

The former chief executive of disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and bring in his own team to save the Japanese firm from a big accounting scandal.

Published 02 Dec, 2011 12:00am

Taiwan moves on economy as Europe crisis threatens

Top exporter Taiwan outlined measures on Thursday to help its economy through a global slowdown, promising to boost exports and domestic consumption in a sign that Europe's debt crisis and a faltering US recovery is worrying Asia's policymakers.

Published 02 Dec, 2011 12:00am

South Korea exports top forecasts, inflation climbs

South Korean exports in November topped expectations while inflation picked up, reinforcing market views that the central bank will keep interest rates steady for some time despite worries about Europe's deepening debt crisis. Analysts said the resilience

Published 02 Dec, 2011 12:00am

Factories stall world-wide, export orders slump across Asia

Manufacturing activity is contracting across Europe and most of Asia, data showed on Thursday, and a Chinese official declared that the world economy faces a worse situation than in 2008 when Lehman Brothers collapsed. Factory activity shrank even further

Published 02 Dec, 2011 12:00am

ECB hints at action if eurozone adopts fiscal pact

The new head of the European Central Bank signalled on Thursday it stood ready to act more aggressively to fight Europe's debt crisis if political leaders agree next week on much tighter budget controls in the 17-nation eurozone. Speaking a day after the

Published 02 Dec, 2011 12:00am

Toyota shores up Europe diesel with BMW deal

Toyota Motor Corp is teaming up with BMW AG in green car technology in a deal also aimed at shoring up the Japanese firm's European diesel car line-up just two years after a strategic shift away from diesel. The German premium car maker will supply diesel

Published 02 Dec, 2011 12:00am

UN cuts world growth forecast over eurozone woes

The United Nations on Thursday slashed its forecast for world growth to 2.6 percent in 2012 and warned the eurozone debt crisis could further hit the global performance. "The world economy is teetering on the brink of another major downturn," the UN's ann

Published 02 Dec, 2011 12:00am

IMF sees weaker economy

The International Monetary Fund said Thursday that it would probably lower its global economic growth, but did not expect a double-dip recession in the United States. "We will likely be revising downwards our forecast," IMF spokesman Gerry Rice said at a

Published 02 Dec, 2011 12:00am

Commission extends bank aid rules

European Union regulators extended looser rules allowing governments to bail out troubled banks until market conditions improve, citing the sovereign debt crisis and banks' resulting funding difficulties for the move. New guidelines, valid from January 1,

Published 02 Dec, 2011 12:00am

Brazil unveils measures to counter global crisis

Brazil moved aggressively to shield its economy from a widening global financial crisis on Thursday, taking a flurry of measures to boost consumption and investment in Latin America's biggest country. The announcement comes just one day after Brazil's cen

Published 02 Dec, 2011 12:00am

US factories growing despite global slowdown

US factories shrugged off weakness in the global economy during November as manufacturing activity rose to its highest level in five months, giving a fresh sign that the American economy could be accelerating. Also pointing to stronger growth, US construc

Published 02 Dec, 2011 12:00am

Half of greenhouse gases emitted by five nations

More than half of all carbon pollution released into the atmosphere comes from five countries, according to a national ranking of greenhouse gas emissions released Thursday. The first 10 countries on the list, made available during UN climate talks in Dur

Published 02 Dec, 2011 12:00am

Greeks strike over government's 'starvation' budget

Emergency staff ran hospitals, schools closed and thousands of austerity-weary Greeks took to the streets on Thursday in a 24-hour general strike that tested the resolve of a national unity government. Chanting "Get out, take the budget and get out of her

Published 02 Dec, 2011 12:00am

BoE says joint action only 'temporary relief'

Bank of England Governor Mervyn King said on Thursday that the co-ordinated central bank action was only "temporary relief," as he confirmed the BoE had "contingency plans" in case of a eurozone break-up. King told a press conference that the BoE, togethe

Published 02 Dec, 2011 12:00am

Stable condition on cotton market

Published 02 Dec, 2011 12:00am

New York cotton

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

Published 02 Dec, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Gainers
Losers
Leaders

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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