News Archives for Print - 2011-12-28

Print - 2011-12-28

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Tuesday (December 27, 2011)

Published 28 Dec, 2011 12:00am

Controversy over FPCCI's presidential candidate: five chambers of Balochistan urge PM, minister to intervene

Representatives of five chambers of Commerce and Industry of Balochistan have urged Prime Minister Yousuf Raza Gilani and Federal Minister for Commerce Makhdoom Amin Fahim to direct the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to a

Published 28 Dec, 2011 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Tuesday (December 27, 2011)

Published 28 Dec, 2011 12:00am

Electronic Electricity Meters: FBR acts against manufacturers involved in tax evasion

The Federal Board of Revenue has launched a countywide drive against the assemblers/manufacturers of 'Electronic Electricity Meters' allegedly involved in evasion of duties and taxes, causing loss to the exchequer.

Published 28 Dec, 2011 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

Man kills grandmother, hurts mother

A man clubbed to death his grandmother and injured his mother for their refusal to give money for drugs on Tuesday. According to the police source, Ikraam Ullah, an addict resident of a village Wan Miana Tehsil kotmoman, demanded money from his grandmothe

Published 28 Dec, 2011 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 28 Dec, 2011 12:00am

Two-day international moot on Management, business and ethics begins today

COMSATS Institute of Information Technology Lahore Campus is organising two-day 3rd SAICON international conference on "Management, business, ethics and economics" from December 28.

Published 28 Dec, 2011 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

IT parks to promote economic activities: Hoti

Chief Minister Khyber Pakhtunkhwa Ameer Haider Khan Hoti has said that establishment of IT parks in Peshawar and Abbottabad was part of special initiatives of the government that were aimed at promoting economic activities and generating employment opport

Published 28 Dec, 2011 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (December 27, 2011).

Published 28 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 Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (December 27, 2011).

Published 28 Dec, 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 28 Dec, 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 28 Dec, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (December 27, 2011).

Published 28 Dec, 2011 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 Dec, 2011 12:00am

New York cotton settles higher

Cotton futures ended firmer Tuesday on buying by small investors in thin business with investors apparently gone until after the New Year holidays, analysts said. The market was shut Monday for Christmas. The key March cotton futures added 0.67 cent to cl

Published 28 Dec, 2011 12:00am

Zambia sees new metal export rules

Zambia's new government will institute new guidelines for metals exports in the first quarter of 2012 that aim to enhance transparency in Africa's largest copper producer, the minister of mines said on Tuesday. The country's new president, Michael Sata, h

Published 28 Dec, 2011 12:00am

Shanghai copper slips

Shanghai copper edged down on Tuesday, after dropping more than 1 percent in the previous session in its biggest one-day decline in a week, while investors kept an eye on US data for clues on the health of the world's largest economy. The unresolved euro

Published 28 Dec, 2011 12:00am

Oil rises as Iran threatens Strait of Hormuz

Oil rose on Tuesday as Iran's threats to cut off the key oil shipping route through the Strait of Hormuz added to concerns about potential threats to supplies from the region.

Published 28 Dec, 2011 12:00am

Tokyo rubber futures fall

Tokyo rubber futures ended lower on Tuesday, tracking falls in stocks markets, while profit-taking and position-adjusting ahead of the year-end holidays helped push prices down, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange

Published 28 Dec, 2011 12:00am

Rotterdam vegetable oil prices

Tusday's Rotterdam vegetable oil prices at 1700 GMT.

Published 28 Dec, 2011 12:00am

Rotterdam vegetable oil prices

Tusday's Rotterdam vegetable oil prices at 1700 GMT.

Published 28 Dec, 2011 12:00am

Chinese mills may suffer from higher cotton prices next year

Chinese cotton mills may suffer from higher cotton prices next year as the government continues to buy cotton from the market and planting acreage shrinks, industry participants said on Monday. The adjustment of cotton import tariff for sliding-tariff quo

Published 28 Dec, 2011 12:00am

Palm oil slips on weak exports, weather eyed

Malaysian crude palm oil futures dropped on Tuesday as slowing exports hurt sentiment, while a 6 percent rally last week gave traders an excuse to book profits as well. Palm oil has lost more than 16 percent so far this year and is set to post its first

Published 28 Dec, 2011 12:00am

Raw sugar near three-week top

Raw sugar futures rose Tuesday to their loftiest level in almost three weeks in thin post-Christmas investor buying, with many major players in the softs complex away until after the New Year's holiday, analysts said.

Published 28 Dec, 2011 12:00am

Gold falls; Europe eyed

Gold fell on Tuesday but remained range-bound around $1,600 as investors stayed on the sidelines in the final week of the year, subdued by concerns about the eurozone debt crisis. Recent US economic data had spurred a rally in riskier assets including equ

Published 28 Dec, 2011 12:00am

US MIDDAY: soya jumps

US soya rose 3 percent to a six-week peak on Tuesday and corn climbed more than 2 percent, moving into positive territory for 2011 as dry weather and outlooks for heat in Argentina threatened each crop. Wheat jumped 3 percent to a six-week high and each m

Published 28 Dec, 2011 12:00am

US MIDDAY: copper slips

Copper ended lower in US and Asian trading on Tuesday in thin year-end dealings as the London markets remained closed for Christmas. US copper futures' most-active contract, March, settled down 6.05 cents, or 1.7 percent, at $3.4090 per lb on New York's C

Published 28 Dec, 2011 12:00am

US MIDDAY: gold falls

Gold slipped in very light trade early on Tuesday, as technical selling and a lack of fresh economic news failed to stimulate buying interest in the final week of the year. Selling related to the expiration of US January gold options also weighed on bulli

Published 28 Dec, 2011 12:00am

Gunmen kill tribesman

Unknown miscreants here on Tuesday killed a tribal elder at Tank bazaar. The outlaws on motorbike sprayed volley of bullets at Nazimuddin Khan who belonged to Mehsud tribe. He was rushed to hospital where he was declared dead by the doctors. Police have r

Published 28 Dec, 2011 12:00am

Prime Minister House's clarification

Prime Minister's House Spokesman on Tuesday clarified a news report telecast by some TV channels quoting the prime minister as saying that investigation are being carried out regarding the visit of Director General, ISI, to London. In a clarification issu

Published 28 Dec, 2011 12:00am

Role of PIA management criticised

PIA's flights operation is still facing difficulties as its management created "deliberate" shortage of aircraft to justify acquisition of aircraft on wet lease, a spokesman for Joint Action Committee said in a statement here Tuesday.

Published 28 Dec, 2011 12:00am

Welegedera sends South Africa crashing

Left-arm opening bowler Chanaka Welegedera produced a career-best performance to put Sri Lanka in the ascendancy on the second day of the second Test match against South Africa at Kingsmead on Tuesday. Welegedera took five for 52 as South Africa were bowl

Published 28 Dec, 2011 12:00am

Corretja named as Spain's Davis Cup captain

Alex Corretja will be Spain's new Davis Cup team captain for the next two years, the country's tennis federation (RFET) said in a statement on Tuesday. The former world number two and twice French Open finalist replaces Albert Costa who stepped up into a

Published 28 Dec, 2011 12:00am

Ten-man Wolves frustrate Arsenal

Arsenal missed the opportunity to climb into the top four of the Premier League after 10-man Wolves held them to a 1-1 draw at the Emirates Stadium here on Tuesday. Gervinho gave the hosts the lead before Steven Fletcher levelled just before half-time, wi

Published 28 Dec, 2011 12:00am

Berbatov treble puts United level with City

Dimitar Berbatov's hat-trick inspired Manchester United to a 5-0 rout of Wigan Athletic and put them level on points with Premier League leaders Manchester City who were held 0-0 at West Bromwich Albion on Monday.

Published 28 Dec, 2011 12:00am

GCU student wins varsity's bodybuilding championship

Samiullah, a student of BSc (Hons) Statistics, won the prestigious title of "Mr GCU 2011-12" at the bodybuilding championship organised by Government College University Lahore Sports Board. Samiullah flexed his rippling muscles to win the title in the fin

Published 28 Dec, 2011 12:00am

Pak-England series: PCB announces team officials, Aaqib to train bowlers

Pakistan Cricket Board (PCB) has retained former Test player Mohsin Hassan Khan as interim coach for upcoming series against England starting from January 17 in Dubai.

Published 28 Dec, 2011 12:00am

AFC coaching course for women begins

The IInd AFC 'C' Certificate Coaching Course for Women-2011 commenced here at Football House with 18 women participants attending the beneficial activity, which aims at importing latest knowledge to the participants of the game. According to a spokesman o

Published 28 Dec, 2011 12:00am

Tendulkar misses chance for elusive 100th ton

Sachin Tendulkar was sensationally bowled with three balls left on the second day of the first Test against Australia on Tuesday to be denied a crack at his 100th international century. Test cricket's greatest run-getter looked poised to go to stumps and

Published 28 Dec, 2011 12:00am

Technical collaboration among SAARC countries

The regionalization and co-operation among neighbour countries particularly having common borders is getting importance with the uncertainty prevailing over the world about the rising prices of raw materials, POL & transportation. Pakistan in particular i

Published 28 Dec, 2011 12:00am

Role of Millat Tractors in auto industry

Millat Group is Pakistan's leading engineering concern in automobile sector and has a history that spans almost half a century. The MILLAT TRACTORS was established in 1964 in the name of Rana Tractors and Equipment to introduce Massey Ferguson tractors in

Published 28 Dec, 2011 12:00am

'Import of used cars has severely hurt the local industry'

A What are the biggest impediments to auto sector growth?

Published 28 Dec, 2011 12:00am

Iraq buys 150,000 tonnes of rice

Iraq's state grain board has provisionally purchased about 150,000 tonnes of rice from Pakistan and India in an international tender for at least 30,000 tonnes which closed on December 18 with offers remaining valid until December 22, European traders sai

Published 28 Dec, 2011 12:00am

China bans gold exchanges across the country except two

Gold exchanges in China outside of two in Shanghai are to be banned, authorities said in a statement released on Tuesday. Gold exchanges have mushroomed across China, from the northern port city of Tianjin to Guangxi bordering Vietnam, as spot prices in t

Published 28 Dec, 2011 12:00am

China links gas prices with imported fuels

China has unveiled a pilot scheme to link city-gate natural gas prices with prices of imported fuel oil and liquefied petroleum gas (LPG), scrapping previous systems mostly based on domestic gas production costs.

Published 28 Dec, 2011 12:00am

South Brazil soya to stay dry

Brazil's southernmost soya state Rio Grande do Sul should be dry for the rest of the year, forecaster Somar said Tuesday, with rainfall in December far below the average, threatening the newly-seeded crop with no rain on the horizon.

Published 28 Dec, 2011 12:00am

Dry spell still a concern in Ivorian cocoa regions

Prolonged drought conditions mixed with the dry harmattan wind last week in most of Ivory Coast's cocoa regions could reduce the size and hamper the quality of Ivorian main cocoa crop, farmers said on Tuesday.

Published 28 Dec, 2011 12:00am

Vietnamese coffee prices ease; more sales expected in January

Vietnamese coffee prices eased slightly this week in line with London futures market before sales could pick up early next year when growers unload beans to prepare for the Lunar New Year, traders said on Tuesday. Stocks of fresh beans are plentiful now a

Published 28 Dec, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 94,485 tonnes of cargo comprising 54,463 tonnes of import cargo and 40,022 tonnes of export cargo including 3,039 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday.

Published 28 Dec, 2011 12:00am

Oil cake market rates

Both contracts were unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The January contract that had ended at Rs 1165.80 commenced with no variation at the same rate. The new March vaida which closed at 775.

Published 28 Dec, 2011 12:00am

Prices move upwards on cotton market ahead of crucial moot

Prices continued upward march on the cotton market on Tuesday as most of the buyers grabbed all the floating lots of fine types, dealers said. The official spot rate was raised by Rs 100 to Rs 5,350 by the Karachi Cotton Association (KCA), they said.

Published 28 Dec, 2011 12:00am

HRW wheat bids unchanged

Bids for hard red winter wheat in the US Plains were unchanged on Tuesday in a quiet market following the Christmas holiday. Many elevators were thinly staffed Tuesday due to holiday-related sluggish activity and movement was expected to remain slow until

Published 28 Dec, 2011 12:00am

Trade volume remains low on grain market

Slow business was seen on the wholesale grain market on Tuesday due to easy supply position, dealers said. On the cereal side wheat old and new (bardan) were quoted at Rs 2670-2675 and 2685-2690, respectively, other items retained the overnight levels in

Published 28 Dec, 2011 12:00am

Standard Chartered appoints Naseer as Head of Consumer Banking

Standard Chartered Bank Pakistan announced the appointment of Naseer Hasan as the Head of Consumer Banking. He replaces Aalishaan Zaidi who has moved as Group Head of Branch Management to Standard Chartered Group Distribution in Singapore. Naseer was prev

Published 28 Dec, 2011 12:00am

Unprecedented number of bank heists leaves LEAs looking for shoulders to put responsibility

The city has witnessed unprecedented number of bank heists in 2011 in which over Rs 60 million was looted from 19 branches of nine private banks during the year.

Published 28 Dec, 2011 12:00am

Ground breaking of MAL lube plant

The foundation stone of Rs 300 million lube oil blending plant of MAL Pakistan Ltd (formerly Askari Lubricants Ltd) was laid at National Industrial Parks (NIP) in Korangi industrial area.

Published 28 Dec, 2011 12:00am

Two fall prey to targeted killing

A fresh spree of violence claimed two lives in different parts of the metropolis on Tuesday. According to police and rescue sources, a man was shot dead near Sajadia Imambargah Orangi Town in the limits of Mominabad police station. The deceased was identi

Published 28 Dec, 2011 12:00am

APCNGA to start checking CNG kits, cylinders in 25 cities

From Wednesday, the All Pakistan Compressed Natural Gas Association (APCNGA) will start checking CNG cylinders-fitted public service, as well as private vehicles, to identify substandard and unauthorised cylinders/kits in 25 major cities in the country.

Published 28 Dec, 2011 12:00am

Degree recognition issue: Veterinary students assured of support

Higher Education Commission has assured the students of BSc (veterinary sciences) of the Arid Agriculture University, Rawalpindi to resolve the issue of their degrees' recognition from Pakistan Veterinary Medical Council.

Published 28 Dec, 2011 12:00am

Secretary Defence visits CAA Headquarters

Lieutenant General HI (M) Naeem Khalid Lodhi (Retd), Secretary Defence who is also Chairman of PCAA Board, visited Headquarters Civil Aviation Authority (CAA), Karachi on 27th December. According to the Media Co-ordinator PCAA, Ismail Khoso, the Secretary

Published 28 Dec, 2011 12:00am

Meezan Bank to provide long-term financing to Linde Pakistan

Meezan Bank Ltd. and Linde Pakistan Ltd. (formerly known as BOC Pakistan Limited) have entered into a Diminishing Musharakah Agreement for the set-up of a new state-of-the-art Air Separation Plant and related supply chain equipment in by Linde Pakistan.

Published 28 Dec, 2011 12:00am

Bicycle snatchers kill man

Unidentified snatchers equipped with arms gunned down a man on Sariab road, when he put resistance to their bid to snatch bicycle, here on Tuesday. The police said that unknown gunmen intercepted Amanullah and tried to snatch his bicycle and they gunned d

Published 28 Dec, 2011 12:00am

Emirates offering exceptional airfare discount

Emirates, one of the world's fastest-growing international airlines, is celebrating the new year by offering exceptional discounts on airfares to more than 100 cities when booking from now until January 9.

Published 28 Dec, 2011 12:00am

Captain Raja Farhan Ali Shaheed Park inaugurated

A newly constructed park by DHA having modern amenities was inaugurated at a ceremony held here on Monday evening. Administrator DHA Brig. Aamer Raza Qureshi was the chief guest of the function.

Published 28 Dec, 2011 12:00am

Addition of new lessons in curriculum: Sindh Education department moves summary to chief minister

Sindh Education department has moved a summary of new additions in current curriculum to Chief Minister Syed Qaim Ali Shah for the approval, Business Recorder has learnt on Tuesday. The Education department has included lessons about Sir Shahnawaz

Published 28 Dec, 2011 12:00am

ICAP's Mazahiya Mushaira

The Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP) is organising "Mazahiya Mushaira" to be held on Thursday December 29 (tomorrow) at 10:00 pm at Arts Council of Pakistan, Karachi.

Published 28 Dec, 2011 12:00am

Ufone's 100 Par 200 offer launched

Once again Ufone has lived up to its reputation of facilitating its consumer base with outstanding value propositions. Ufone, being one of the most affordable telecom providers in the industry has launched '100 par 200' offer through which the subscribers

Published 28 Dec, 2011 12:00am

Dry weather likely today

The met office on Tuesday said mainly dry weather is expected in most parts of the country in the next 24 hours. "Shallow westerly wave is affecting Northern areas of the country and likely to persist for next 24 to 36 hours," the office said in its weath

Published 28 Dec, 2011 12:00am

Gold slips to Rs 54,000 per tola

The price of gold per tola on Tuesday reduced by Rs 100 to Rs 54,600 after global market posted a decline of $7 an ounce in the precious metal price, traders said. The gold was available for Rs 48,885 per 10 grams, which declined by Rs 85 to Rs 48,000 in

Published 28 Dec, 2011 12:00am

BB Shaheed reversed dictator's moves

The recently launched book by former US Secretary of State, Condoleeza Rice, titled 'No higher honour' 'takes pride' in 'bringing together Musharraf and Benazir Bhutto' for which Ms Rice says she 'toiled for many sleepless nights'.

Published 28 Dec, 2011 12:00am

A symbol of hope

'The forces of moderation and democracy must, and will, prevail against extremism and dictatorship. I will not be intimidated. I will step out on the tarmac in Karachi not to complete the journey, but to begin one'.- Benazir Bhutto

Published 28 Dec, 2011 12:00am

World economy to trudge on in 2012 despite Europe

Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the United States should at least keep the world economy moving in the right direction. There are several reasons why next year may

Published 28 Dec, 2011 12:00am

Monetary policy and SBP

Monetary policy is an important component of a macroeconomic policy framework in any country. Similarly, central banks, whatever their level of statutory autonomy, play a key role in the formulation of a macroeconomic framework, particularly monetary poli

Published 28 Dec, 2011 12:00am

Indeed one good step forward

At a recent session of the Balochistan Assembly, members warmly welcomed a resolution the Punjab Assembly adopted on December 22, calling for an early resolution of the Balochistan crisis and demanding that the killers of Nawab Akbar Bugti be brought to j

Published 28 Dec, 2011 12:00am

A positive gesture

It was good to know that while some of the multilateral financial institutions were reluctant to offer assistance to Pakistan due to a variety of reasons, World Bank continues to be actively engaged with the country and had no such inhibitions. According

Published 28 Dec, 2011 12:00am

Brazil housing market to avoid downturn in 2012

Brazil's property bubble should avoid bursting in 2012, a Reuters poll showed on Friday, forecasting real estate prices in Latin America's largest economy would increase modestly after years of stellar rises.

Published 28 Dec, 2011 12:00am

EU carbon law likely to raise air fares to Europe

Flying to Europe is about to get more expensive. The continent's highest court upheld a European Union law on Wednesday that will charge airlines for carbon emissions on flights to and from Europe, beginning January 1. Carriers are certain to want to pass

Published 28 Dec, 2011 12:00am

Italy anti-trust fines Apple for misleading customers

Italy's anti-trust body has fined units of US technology group Apple Inc a total of 900,000 euros for failing to adequately inform customers about their rights to product guarantees and assistance.

Published 28 Dec, 2011 12:00am

Germany to relax visa rules to boost business

Germany will ease its visa controls next year, its foreign minister said on Tuesday, in a move expected to help thousands of people and companies from Russia and China seeking to do business in the European Union's biggest economy. "I am pushing for a lib

Published 28 Dec, 2011 12:00am

China reforms shale gas price, pilots new scheme

China will liberalise wholesale prices for unconventional gas and has unveiled a pilot scheme to link domestic natural gas pricing to imported fuels, steps that could boost imports as well as output of the cleaner-burning fuel.

Published 28 Dec, 2011 12:00am

Carrefour sells 97 supermarket buildings

France's Carrefour, the world's second-biggest retailer, said Tuesday it was selling 97 of its supermarket properties to lease them back as part of efforts to better utilise capital. The sale of the properties will bring in 365 million euros ($477 million

Published 28 Dec, 2011 12:00am

Sears to close more stores as holiday sales slump

Sears Holdings Corp sales kept falling at the peak of the holiday season, and the retailer said it will close up to 120 stores in its Kmart and namesake chains to focus on stronger stores, sending its shares down more than 19 percent. Sears also said it t

Published 28 Dec, 2011 12:00am

US to hit debt limit early January: Treasury

The US government will hit its debt limit in the first week of January, the Treasury Department said on Tuesday, as it pointed to an imminent request for $1.2 trillion increase. The government is expected to come within $100 billion of the current $15.2 t

Published 28 Dec, 2011 12:00am

US consumer confidence perks up; house prices sag

US consumer confidence hit an eight month high in December on improving job prospects, lending the economy further support, even though weak home prices could delay a recovery in the housing market. The sharp rise in sentiment reported by the Conference B

Published 28 Dec, 2011 12:00am

Japan's Noda in India on economic mission

Japanese Prime Minister Yoshihiko Noda arrived in New Delhi on Tuesday, for a visit that is expected to unveil a currency swap deal and reopen talks on a civil nuclear pact. Coming hard on the heels of a trip to China where the main talking points were ge

Published 28 Dec, 2011 12:00am

Russia still eyes Germany for power deal

Russia's energy minister still sees potential in power co-operation between Germany and Russia, he told a German newspaper only days after talks between RWE and Gazprom over joint power production ventures failed.

Published 28 Dec, 2011 12:00am

Britain in serious danger of return to recession

The ongoing crisis in the eurozone and sapped consumer confidence risk sending Britain into a new recession, a leading centre-left thinktank warned Tuesday. Britain faces a "bleak" start to 2012 but any potential slowdown could be dampened by a fall in in

Published 28 Dec, 2011 12:00am

Building Asia's biggest thermal power plant

China's Shenhua Group will build the largest coal-fired power station in Asia over the next five years, the official Xinhua news agency said Tuesday, as the country struggles to meet its energy needs. China's biggest coal company and officials in the Guan

Published 28 Dec, 2011 12:00am

China to start work on world's highest airport

China will start work on the world's highest airport next year, in Tibet's Nagqu county, state media said on Tuesday, which will be about 100 metres (328 ft) higher than the existing record holder in another part of the remote and restive region.Nagqu air

Published 28 Dec, 2011 12:00am

Lenders freeze $1 billion Petroplus credit

Europe's largest independent oil refiner Petroplus said on Tuesday that lenders had frozen about $1 billion (765,000 euros) in credit lines, threatening its ability to purchase crude. The Swiss firm, which operates five refineries, said the $1 billion in

Published 28 Dec, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	143.85
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 20	5,702.55
India Sensex / Sep 20	83,184.80
Tokyo Nikkei / Sep 20	37,723.91
Nasdaq / Sep 20	17,948.32
Hang Seng / Sep 20	18,258.57
FTSE 100 / Sep 20	8,229.99
Dow Jones / Sep 20	42,063.36
Germany DAX 30 / Sep 20	18,720.01

Item	Value
Crude Oil USD/Barrel / Sep 20	71.92
Gold Spot USD/Ounce / Sep 20	2,621.88
Cotton US¢/pound / Sep 20	73.52
Karachi Cotton PKR/37.32 KG / Sep 21	18,935
Gold 10 Grams PKR / Sep 21	233,625
Petrol/Litre / Sep 22	249.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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