News Archives for Print - 2012-01-15

Print - 2012-01-15

Warner says FIFA 'dishonest' over deals and can prove it

Ousted former FIFA vice-president Jack Warner said on Friday he had documented evidence to back his claim that he was gifted World Cup television rights in return for FIFA votes and accused the organisation of being "disingenuous and dishonest".

Published 15 Jan, 2012 12:00am

Power generation crosses 9000 megawatts

Power generation has crossed 9,000MW against 6,000MW last week, enabling the power authorities to stop forced closures for majority of consumers in the country. Ejaz Rafique Qureshi, Director General Pakistan Electric Power Company (Pepco), told Busine

Published 15 Jan, 2012 12:00am

Strategy for possible upcoming elections: Jamaat-i-Islami in contact with political, religious parties

The Jamaat-i-Islami (JI) is in contact with all political and religious parties in view of the political crisis in the country and it will soon announce its strategy with regard to possible upcoming elections. This was stated by the Ameer of Jamaat-i-Isla
Published 15 Jan, 2012 12:00am

Operation in Bara: activists of Jamaat-i-Islami hold protest demonstration

The activists of Jamaat-i-Islami (JI) from Bara Khyber Agency held a protest demonstration outside Peshawar Press Club against the ongoing military operation in Tehsil Bara, Khyber agency and demanded of the government to stop operation immediately.
Published 15 Jan, 2012 12:00am

Rooting out terrorism: Khyber Pakhtunkhwa minister calls for adopting joint strategy

Khyber-Pakhtunkhwa, Minister for Information, Mian Iftikhar Hussain has called upon the major forefront states in war against terrorism, including United States and Afghanistan, to adopt joint strategy for complete rooting out terrorism from this region,
Published 15 Jan, 2012 12:00am

'Takaful emerging worldwide as a viable model'

Takaful that is an Islamic mode of insurance is emerging worldwide as a very viable model and being used successfully as engine of growth in a number of Muslim countries. Pak-Qatar Takaful Chief Executive Officer, Pervaiz Ahmad stated this while speaking
Published 15 Jan, 2012 12:00am

Businessmen-government dispute: PIAF urges Punjab chief minister to devise mechanism

Pakistan Industrial and Traders Association Front has urged chief minister Punjab to evolve a mechanism whereby a respective trade body or association is to be consulted if a dispute arises between a business group and any of the government departments.
Published 15 Jan, 2012 12:00am

Businessmen disappointed by ignorance of chief minister Punjab on gas supply

The business community has expressed disappointment over the ignorance of Chief Minister Punjab towards their troubles due to gas curtailment. Sources among the participants of a meeting held a day earlier at the Chief Minister house told Business Reco
Published 15 Jan, 2012 12:00am

SSDA's three-day ultimatum for payment of professional allowance

The Social Security Doctors Association (SSDA) Punjab has given 3 days' ultimatum to the bureaucracy of social security department to give the health professional allowance to all the doctors of social security failing which protest demonstration will be
Published 15 Jan, 2012 12:00am

Strict security in Lahore

Strict security arrangements were seen on Saturday, in the provincial capital on 968th Urs of Hazrat Data Ganj Bakhsh Ali Hajveri (RA) and ahead of the Chehlum of Hazrat Imam Hussain (AS) on Sunday (Safar 20). All entry and exit points of the city were co
Published 15 Jan, 2012 12:00am

Secretary PRCS Punjab suspended

Chairman Pakistan Red Crescent Society (PRCS) Punjab Zahid Bashir on Saturday suspended secretary PRCS Punjab Brigadier Muhammad Saleem (R) and Manager Accounts and Finance Nowsheen Naeem. According to a press release issued here, the Chairman took the ac
Published 15 Jan, 2012 12:00am

AJA elections held

Munawar Hassan (The News), Sibghatullah Chaudhry (Daily Pakistan) and Rana Fawwad (Dawn News) were elected unopposed as President, Vice-President and General Secretary respectively in annual elections of the Agriculture Journalists Association (AJA) for t
Published 15 Jan, 2012 12:00am

Exports to India: TDAP to form group to conduct in-depth study

Trade Development Authority of Pakistan (TDAP) to constitute a group to conduct an in-depth study on Indian market to prepare a list of potential commodities and products that can be exported to India, and prepare a methodology to encash this opportunity.
Published 15 Jan, 2012 12:00am

Punjab cabinet approves three universities for women

The Punjab Cabinet on Saturday approved establishment of three universities for women in Bahawalpur, Sialkot and Faisalabad, and setting up of knowledge city at Rakh Dera Chahal. The Punjab Cabinet met here that was chaired by Punjab Chief Minister Muhamm
Published 15 Jan, 2012 12:00am

Sherpao demands early elections

The chairman of his own faction of Pakistan People's Party (Sherpao), Aftab Ahmad Khan Sherpao has called for holding early elections to steer the country out of prevailing abnormal and messy situation. Speaking at the party provincial council meeting her
Published 15 Jan, 2012 12:00am

New youth policy: 'government to take all stakeholders on-board'

Tourism Corporation of Khyber Pakhtunkhwa has decided that it will take all stakeholders, including students, academia, members of civil society organisations, on-board to formulate new youth policy in the province. For the purpose, TCKP had announced a c
Published 15 Jan, 2012 12:00am

Why Musharraf should return?

Ex-President and former Chief of Army Staff General Pervez Musharraf's return to Pakistan now appears to be a possibility; in fact, he seems to have exhausted all excuses of pressing engagements that earlier stood in his way back home. In not too uncertai
Published 15 Jan, 2012 12:00am

Anwar Ibrahim the game-changer

Charismatic opposition leader Anwar Ibrahim's acquittal in a frame-up case throws open the political future of Malaysia, uninterruptedly ruled by the Barisan Nasional coalition for almost half a century. So deep is the prevailing cynicism there, thanks to
Published 15 Jan, 2012 12:00am

Labour laws and agriculture workers

Though agriculture is the single-largest contributor to Gross National Product and also the biggest sector for employment, the agriculture workers are badly exploited and oppressed class of the rural society. Powerful zamindars often treat them slaves and
Published 15 Jan, 2012 12:00am

Cotton matters

Among all the natural and artificial fibres found in the world, cotton is perhaps the mostly human-friendly fibre which has been in its service since time immemorial and has the highest number of uses in all sectors of life such as personal, domestic comm
Published 15 Jan, 2012 12:00am

Spain's alternative economists challenge Europe's austerity

When Spain's "Indignant Ones" protest movement began eight months ago, it was widely seen as a young people's initiative, with no coherent ideas, which would soon die out. Yet while the movement is now less visible on the streets, it is increasingly rever
Published 15 Jan, 2012 12:00am

Personal accountability

The slogans of accountability are becoming very popular. Innocent people in euphoria are thinking of a system where in every department would work in a way that all their problems would be solved. Let's not live in fools' paradise and make ourselves victi
Published 15 Jan, 2012 12:00am

Convention 'Vote for a Social Change' organised by AWAM and CHRE

A flourishing democracy established through free and fair polls can provide a sound basis for the progress and prosperity of any country, this was stressed by the speakers and participants of the people's convention titled 'Vote for a Social Change' organ
Published 15 Jan, 2012 12:00am

Khosa rules out possibility of seeking fresh vote of confidence by Prime Minister

Governor Punjab Sardar Latif Khan Khosa has ruled out the possibility of seeking fresh vote of confidence by Prime Minister Syed Yousuf Raza Gilani. "Neither the prime minister is taking fresh vote of confidence nor any such proposal is under consideratio
Published 15 Jan, 2012 12:00am

GSLC entry test

Principal, Government Sindh Law College has informed that the students of LL.B. Part-I, who have submitted their admission forms from reference no. 1 to 300 for the Session 2011-2012, shall appear in their entry test on January 23 2012 from 12.00 Noon to
Published 15 Jan, 2012 12:00am

Upgradation of Primary, middle schools: Punjab government spending Rs 13 billion

The Punjab government is spending an amount of Rs 13 billion on the up-gradation of 3068 primary and middle schools in the public sector situated in different districts of the province so that the students could get education near their homes without bein
Published 15 Jan, 2012 12:00am

Rs 20 million embezzlement: arrest orders of 7 irrigation officials issued

Anti-Corruption Special Judge Mohammad Aslam on Saturday issued arrest orders of seven officials of the Irrigation Department who were involved in embezzlement of over Rs 20 million in Manchan Super Band project. According to the details, the accused offi
Published 15 Jan, 2012 12:00am

Rain may continue in Lahore today

The provincial metropolis on Saturday witnessed a second spell of winter rain, which is expected to continue during Sunday (today). According to the met office, the city received very low intensity rain at scattered places in the evening and in the next 2
Published 15 Jan, 2012 12:00am

Senior bar member Khawaja Sultan laid to rest

A senior bar member Khawaja Sultan, 82, was laid to rest in Miani Sahib Graveyard here Saturday. He was father of former Advocate General Khawaja Haris. A large number of bar members and judges attended his funeral prayers.
Published 15 Jan, 2012 12:00am

Need for sustainable development is to promote technical, vocational skills

One of the most important needs for the sustainable development of the country is to promote technical and vocational skills, as in modern time no country could achieve long-term development sans skill development and technical training.
Published 15 Jan, 2012 12:00am

Commodities end volatile week down on Europe worries

Commodities slid on Friday, ending a volatile week where oil and grains initially surged on supply concerns and a weak dollar, before tumbling on the currency's rebound and renewed worries over Europe. Corn, wheat and soybean futures extended losses after
Published 15 Jan, 2012 12:00am

Indonesian crude palm oil production to increase

Crude palm oil (CPO) output in Indonesia, the world's largest producer of the edible oil, is expected to rise 14 percent to 25.7 million tonnes this year, the agriculture ministry said on Monday. Earlier on Monday, the ministry said in a statement 2011 cr
Published 15 Jan, 2012 12:00am

Thai government may buy rubber after farmers' price protest

Thailand's government could buy up to 200,000 tonnes of unsmoked rubber to push the price up to 120 baht ($3.79) per kg after protests from farmers over low prices, government and farmers' officials said on Wednesday. Uthai Sonlaksap, an adviser to the Th
Published 15 Jan, 2012 12:00am

Rice prices up in India, fall in Thailand, Vietnam

Robust demand and a stronger rupee boosted Indian rice prices in the week, but interest in Thai and Vietnamese rice remains weak and prices there have eased, traders said on Wednesday. "Indian rice prices have risen on the return of buying after New Year
Published 15 Jan, 2012 12:00am

Agriculture white paper to show China food security concerns

China's annual white paper on agriculture will focus on technology to boost food output rather than the farm income or rural development issues of previous years, underlining the country's concerns about its ability to feed itself. The world's most populo
Published 15 Jan, 2012 12:00am

CWB sees smaller world wheat production

The world will grow slightly less wheat in the upcoming crop year, but Canada's production looks to rise modestly, the Canadian Wheat Board said on Friday in its first outlook of the year. Global wheat production will slip nearly 2 percent to 677 million
Published 15 Jan, 2012 12:00am

US gold falls one percent

Gold fell 1 percent on Friday, after the dollar surged against the euro and fears about an imminent credit downgrade of euro zone countries prompted bullion investors to take profits on the recent rally. The metal fell along with US equities and other com
Published 15 Jan, 2012 12:00am

New York cotton ends barely lower

New York Cotton futures finished Friday with modest losses within their new higher range, with little news to move prices in either direction and most investors keen to maintain steady positions ahead of the long holiday weekend. US commodity and financia
Published 15 Jan, 2012 12:00am

Gold Corp sees gold price over $2,000 this year

US Gold Corp Chief Executive Rob McEwen said he expects global financial worries to push gold prices above $2,000 an ounce this year and even higher in the next few years. He also said major gold mining companies should increase dividends to attract inves
Published 15 Jan, 2012 12:00am

Hezbollah rejects call by UN's Ban to disarm

Hezbollah leader Sayyed Hassan Nasrallah dismissed on Saturday a United Nations call for his militant anti-Israel movement to disarm, saying it was determined to maintain a military capacity to defend Lebanon. "I affirm today, firmly, decisively and with
Published 15 Jan, 2012 12:00am

Power outage in Turkey affects millions

A Turkish state-run news agency says a power outage has left millions without electricity in Istanbul and five other cities. On Saturday, Istanbul - a city of more than 12 million - was left without heating or electricity for several hours, and its subway
Published 15 Jan, 2012 12:00am

Thousands clamour for jobs as Tunisia marks Ben Ali ouster

Thousands of Tunisians Saturday turned out in central Tunis to demand jobs and dignity as the north African country marked a year to the day since its despot Zine El Abidine Ben Ali fled into exile. "Work, freedom and dignity", "Work is a right", and "We
Published 15 Jan, 2012 12:00am

Taiwan's president wins re-election

Taiwan's incumbent president was re-elected on Saturday as official tallies showed he held a near-unassailable lead in the vote-count and the opposition conceded defeat. The result, which points to a continuation of the detente between Taiwan and China, s
Published 15 Jan, 2012 12:00am

Iranian ships approached US vessels in Gulf

Small Iranian military motorboats approached US vessels passing through the Strait of Hormuz twice last week but the Pentagon said the interactions were not seen as hostile, even at a moment of heightened tensions between the two countries. Video released
Published 15 Jan, 2012 12:00am

Three die as cruise ship runs aground in Italy

At least three people were killed and rescuers were searching for other victims after an Italian cruise ship carrying more than 4,000 people ran aground and keeled over in shallow waters. Dozens were injured and around 50 people remained unaccounted for a
Published 15 Jan, 2012 12:00am

Qatar emir suggests sending Arab troops to Syria

Qatar has proposed sending Arab troops to halt the bloodshed in Syria, where violence has raged despite the presence of Arab League monitors sent to check if an Arab peace plan is working. Asked if he was in favour of Arab nations intervening in Syria, Qa
Published 15 Jan, 2012 12:00am

Scientist sentenced for selling chemical secrets to Chinese

A former Dow Chemical Company scientist has been sentenced to five years in prison for selling trade secrets to Chinese companies, the US Justice Department announced Friday. Wen Chyu Liu, also known as David Liou, was convicted February 7, 2011 of steali
Published 15 Jan, 2012 12:00am

10 die in stampede at Indian shrine

At least 10 people, including six women were crushed to death in the middle of the night when a stampede broke out at a religious shrine in central India, media reports said Saturday. The victims had gathered outside the Muslim shrine of Hussain Tekri in
Published 15 Jan, 2012 12:00am

Obama's team slams Romney's corporate past

Barack Obama's campaign has fired off a withering attack on Mitt Romney, branding the US president's likely election foe as a corporate raider who made money "hand over fist" by destroying jobs. The Obama campaign's intervention Friday whipped up a new st
Published 15 Jan, 2012 12:00am

Dav Whatmore arrives for talks with PCB

Australian coach Dav Whatmore reached here on Saturday to have negotiations with the Pakistan Cricket Board (PCB) officials over taking up the head coach's assignment for Pakistan's cricket team. Dav Whatmore was received at the Lahore Airport by the offi
Published 15 Jan, 2012 12:00am

Swann leads calls for Panesar inclusion in test team

Graeme Swann would like to see Monty Panesar included in England's test team to play Pakistan next week after his fellow spinner dismantled a Pakistan Cricket Board XI in their final warm-up. Panesar, who played his last test match in July 2009, took 5-57
Published 15 Jan, 2012 12:00am

Former Yugoslavia coach Miljanic dies

Former Yugoslavia and Real Madrid coach Miljan Miljanic, 81, has died in his native Serbia after a long battle with illness. "Real Madrid wishes to express its deepest condolences to his family," the nine-times European champions said on their website (ww
Published 15 Jan, 2012 12:00am

Barthel wins Hobart WTA title

German qualifier Mona Barthel upset Belgian top seed Yanina Wickmayer to win the Hobart WTA International on Saturday. Barthel, 21, ranked 64, capped an outstanding week with a 6-1, 6-2 victory in one hour in the final. It was Barthel's eighth straight ma
Published 15 Jan, 2012 12:00am

Australia back in charge

Australia, fired by David Warner's 180 and another fine display from their pace attack, were closing on victory after reducing India to 88 for four in their second innings after two days of the third test on Saturday. India, who already trail 2-0 in the f
Published 15 Jan, 2012 12:00am

Textile Tigers beat Lahore White

Textile Tigers beat Lahore White by 92 runs in 1ST Lahore Veteran Cricket Champion Trophy here at Ali Garh Cricket Ground on Saturday. Batting first, Textile Tigers scored 263/3 in 30 overs. Muhammad Riaz (100), Rizwan Nisar (65 not out), Romail Bashir (2
Published 15 Jan, 2012 12:00am

ICC considers T20 for Olympics

The strong emergence of the Twenty20 format has the ICC considering a bid to have cricket return to the Olympics after more than a century, ICC chief executive Haroon Lorgat said on Saturday. Cricket has been played only once at the Olympics, in 1900, alt
Published 15 Jan, 2012 12:00am

Tomic stuns Fish to take Kooyong Classic

Bernard Tomic won his first senior title at the Kooyong Classic Saturday stunning world number eight Mardy Fish 6-4, 3-6, 7-5 in the final and earning a confidence boost ahead of the Australian Open. The 19-year-old Australian sensation, who is ranked 37
Published 15 Jan, 2012 12:00am

Scholes helps United go joint top; Chelsea win

Evergreen Paul Scholes marked his return to Premier League duty with the first goal for Manchester United in a 3-0 home win against Bolton Wanderers as the champions moved level on points with leaders Manchester City on Saturday. Tottenham Hotspur squande
Published 15 Jan, 2012 12:00am

South Africa win again

South Africa condemned Sri Lanka to their fifth successive One-day international defeat with what home captain AB de Villiers described as a "clinical" five-wicket win in the second One-dayer at Buffalo Park on Saturday. Despite an innings of 92 not out b
Published 15 Jan, 2012 12:00am

J.P Morgan could lose $5 billion from PIIGS exposure

J.P. Morgan Chase & Co could lose up to $5 billion from its exposure to Portugal, Ireland, Italy, Greece and Spain, Chief Executive Jamie Dimon said in an interview with Class CNBC, carried in Italian newspaper Milano Finanza on Saturday. Dimon said the b
Published 15 Jan, 2012 12:00am

THE RUPEE: parity stays put

No change was seen in the rupee's value against dollar on the open market on Saturday, dealers said. For the third day in a row, the rupee held the overnight levels versus the dollar for buying and selling at 91.20 and 91.50, they said.
Published 15 Jan, 2012 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (January 14, 2012).

Published 15 Jan, 2012 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (January 14, 2012).

Published 15 Jan, 2012 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (January 14, 2012).

Published 15 Jan, 2012 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 15 Jan, 2012 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (January 14, 2012).

Published 15 Jan, 2012 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 15 Jan, 2012 12:00am

Guwar sharply up in lean business on grain market

Subdued business was again witnessed on the wholesale grain market on Saturday as most of the commodity items did not show any change due to balanced demand and supply position, they said. On the grams side guwar Sindh and Punjab was higher by Rs 900 to R
Published 15 Jan, 2012 12:00am

Oil cake market rates

The January vaida was lower on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The January contract that had ended at Rs 1158.00 commenced with a loss of 20 paisa at Rs 1157.80. The new March vaida which closed at 77
Published 15 Jan, 2012 12:00am

Prices fall on cotton market in absence of motivating factors

Rates came down on the cotton market on Saturday in the absence of fresh leads, dealers said. The official spot rate after maintaining firm for several sessions, was reduced by Rs 100 to Rs 5,500, they said. Prices of seedcotton in Sindh were at Rs 2000-2
Published 15 Jan, 2012 12:00am

Soyabean export premiums firm at US Gulf Coast

Soyabean export premiums at the US Gulf Coast were firm on Friday as improved demand for US supplies from top importer China accelerated purchases this week, traders said. Positive spot crush margins at Chinese soyabean plants for the first time in about
Published 15 Jan, 2012 12:00am

More rains seen for drought-hit Argentine grains belt

Rains are expected in the northern part of Argentina's grains belt over the week ahead as temperatures fall, relieving soy and corn crops racked by drought, the Buenos Aires Grains Exchange said on Thursday. Weeks of dryness have toasted grains fields in
Published 15 Jan, 2012 12:00am

Rains help Paraguay soya, farmers say more needed

Rains fell on Paraguay's drought-stricken soya fields but farmers said they were not enough to revive plants and experts forecast that dryness will still severely affect output. Paraguay is the world's No 4 soyabean exporter, although it lags far behind N
Published 15 Jan, 2012 12:00am

India's common rice exports to cross two million tonnes

India will allow exports of common rice beyond an informal cap of two million tonnes as the government looks to trim huge grain stocks to make room for the winter harvest, official sources said on Thursday. The decision is also partly influenced by a shar
Published 15 Jan, 2012 12:00am

Canadian canola futures fall

ICE Canadian canola futures slipped on Friday, headed for their fourth straight loss and a weekly decline of 1.2 percent. Spillover selling from Thursday's bearish US crop report seen weighing on the market, but oilseeds underpinned by dry South American
Published 15 Jan, 2012 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 166,457 tonnes of cargo comprising 148,165 tonnes of import cargo and 18,292 tonnes of export cargo including 4,993 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 148,165
Published 15 Jan, 2012 12:00am

US Midwest corn, soya bids steady to higher

Spot basis bids for corn and soyabeans were steady to higher at US Midwest elevators, processors and river terminals on Friday, supported by lower futures and slow farmer offerings of each commodity, grain merchants said. Corn bids firmed by 6 cents per b
Published 15 Jan, 2012 12:00am

Ivorian cocoa arrivals slowdown supports European market

A sharp slowdown in Ivory Coast cocoa arrivals supported price differentials in the European cash cocoa market this week, as fresh offers were scarce, traders said on Friday. "It looks as though this crop has come out quicker. That might explain why it's
Published 15 Jan, 2012 12:00am

Inflation eases in Hungary, Poland

Inflation slowed in Hungary and Poland last month but their central banks are in no position to cut interest rates and economists expect crisis-racked Budapest will rather have to tighten policy again soon to preserve financial stability. In Poland, emerg
Published 15 Jan, 2012 12:00am

India's cash rate hits two-year high

Indian cash rates surged to their highest levels in more than two years on Friday as banks borrowed heavily to meet last-minute requirements at the end of the two-week reporting cycle. The three-day cash rate ended at 8.70/80 percent, compared with Thursd
Published 15 Jan, 2012 12:00am

Bundesbank sees credit crunch risks outside Germany

There is no sign of a credit crunch in Germany but the risk of such a freeze in debt-strained euro zone countries and some places in eastern Europe is markedly higher, Bundesbank board member Andreas Dombret said in an interview published on Friday. Dombr
Published 15 Jan, 2012 12:00am

Bumpy ride for California's high-speed rail effort

California Governor Jerry Brown wants to move forward with building a statewide high-speed rail system seen costing nearly $100 billion, but lawmakers are nervous about approving bonds needed to lock in federal funds to get the project under way.
Published 15 Jan, 2012 12:00am

Uganda's GDP growth likely to slow: IMF

Uganda's economic growth is expected to slow this year, as the east African country tightens its fiscal and monetary policies, and due to the effects of a global slowdown, the International Monetary Fund said. The IMF also said in a statement late on Frid
Published 15 Jan, 2012 12:00am

China targets 10 percent growth in foreign trade

China aims to increase foreign trade by around 10 percent this year, a much slower pace than 2011, as it faces a "grim" outlook for boosting exports, the Xinhua news agency on Saturday quoting a senior economic planning official as saying. "We expect more
Published 15 Jan, 2012 12:00am

BankUnited hires Goldman, eyes sale

BankUnited Inc's private equity owners have put the Florida bank up for sale and have hired Goldman Sachs Group Inc to run the process, sources familiar with the matter said on Friday. BankUnited was approached by more than one strategic bidder, prompting
Published 15 Jan, 2012 12:00am

China pledges $140 million for Nepal

Chinese Premier Wen Jiabao pledged more than $140 million to impoverished Nepal Saturday during talks in Kathmandu marking the first visit in a decade by a leader of the world's second-largest economy. Wen and Prime Minister Baburam Bhattarai discussed in
Published 15 Jan, 2012 12:00am

US offers Bangladesh $1 billion in aid

The United States said on Saturday that it would offer Bangladesh close to $1 billion in aid over the next five years. A US Embassy statement said that the money would go towards alleviating poverty and malnutrition, as well as family planning and the fig
Published 15 Jan, 2012 12:00am

Speculators euro shorts reach record high

Currency speculators increased their bets in favour of the US dollar in the latest week and boosted their short euro position to record levels, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's n
Published 15 Jan, 2012 12:00am

TSX retreats on worries over eurozone downgrades

Canadian stocks stumbled on Friday to their lowest level in more than a week as speculation that Standard & Poor's would downgrade credit ratings on several eurozone countries pressured commodities and other risky assets. All of Toronto's 10 main sectors
Published 15 Jan, 2012 12:00am

Wall Street slips

US stocks dropped on Friday, snapping a four-day winning streak, after news reports that Standard & Poor's would downgrade credit ratings on several euro-zone countries. The ratings agency was reportedly set to downgrade euro-zone countries, including Fra
Published 15 Jan, 2012 12:00am

Ruckus Wireless sees WiFi way to 2013 IPO

If you are accessing the Internet while staying at a Marriott hotel, chances are the wireless service is courtesy Ruckus Wireless - a seven-year old WiFi products maker that plans to go public in 2013. The demand for wireless connectivity has boomed with
Published 15 Jan, 2012 12:00am

New US trading rules worry UK bond dealers

British gilt dealers have told the government they are worried that US rules on proprietary trading due to come into force this year will curb their ability to act as market makers, potentially making it more difficult for the UK government to conduct bon
Published 15 Jan, 2012 12:00am

Window may be opening for China to widen yuan band

China's policymakers might just have the wiggle room they need to deliver the more flexible currency they say they want. The trade surplus is narrowing and an influx of hot money is on the retreat as the economy slows, easing fears among Chinese policymak
Published 15 Jan, 2012 12:00am

Sri Lankan rupee slips

Sri Lanka's rupee closed on Friday flat at 113.89/90 to the dollar for a 37th straight session since a 3 percent devaluation effective November 21, with the central bank selling around $17 million to defend it, dealers said. Lanka's share market fell as r
Published 15 Jan, 2012 12:00am

Central European markets fall on rating fear

Central European assets fell on Friday as fears of an imminent credit rating downgrade for some euro zone states prompted sales of riskier emerging market assets, while comments from the International Monetary Fund (IMF) suggested tough bailout talks ahea
Published 15 Jan, 2012 12:00am

Canadian dollar falls on Europe downgrades

The Canadian dollar fell against its US counterpart on Friday as rating downgrades on several euro zone countries, including France and Italy, prompted worried investors to seek safety elsewhere. The Canadian currency slid, but far less than the euro, whi
Published 15 Jan, 2012 12:00am

African currencies outlook

The Ugandan shilling could come under pressure next week when business resumes after a strike by traders and shopkeepers in the capital Kampala ends. In Tanzania, the shilling is expected to remain stable, helped by inflows from foreigners who sold dollar
Published 15 Jan, 2012 12:00am

ECB cash glut pushes Euribor rates to 9-1/2 month lows

Key euro zone bank-to-bank lending rates fell to new 9-month lows on Friday, as the European Central Bank's recent injection of almost half a trillion euros of 3-year liquidity and expectations for further rate cuts continued to pull down rates. The ECB k
Published 15 Jan, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / May 9

281.75

USD PKR Interbank Buying / May 9

281.50

USD to Japanese Yen / May 9

145.37

USD to Swiss Franc / May 9

0.83

Pound Sterling to USD / May 9

1.33

Euro to USD / May 9

1.12

UK LIBOR % / May 9

4.96

Stock Volume

S&P 500 / May 9

5,659.91

India Sensex / May 9

79,454.47

Tokyo Nikkei / May 9

37,503.33

Nasdaq / May 9

17,928.92

Hang Seng / May 9

22,867.74

FTSE 100 / May 9

8,554.80

Dow Jones / May 9

41,249.38

Germany DAX 30 / May 9

23,499.32

France CAC40 / May 9

7,743.75

Item Value

Crude Oil USD/Barrel / May 9

61.02

Karachi Cotton PKR/37.32 KG / May 9

16,985

Gold 10 Grams PKR / May 9

300,840

Gold Spot USD/Ounce / May 9

3,324.98

Cotton US¢/pound / May 9

66.61

Petrol/Litre / May 11

252.63

Diesel/Litre / May 11

256.64

Gainers
Losers
Leaders

Stock Price

First AL-Noor Mod. / May 9

First Al-Noor Modaraba(FANM)

3

▲ 0.67 (28.76%)

Premier Insurance / May 9

Premier Insurance Limited(PINL)

5.15

▲ 0.72 (16.25%)

Escorts Bank / May 9

Escorts Investment Bank Limited(ESBL)

5.98

▲ 0.83 (16.12%)

Parmount Sp. / May 9

Paramount Spinning Mills Limited(PASM)

3.22

▲ 0.41 (14.59%)

UDL International / May 9

UDL International Limited(UDLI)

7.10

▲ 0.85 (13.6%)

Abdullah Shah / May 9

Abdullah Shah Ghazi Sugar Mills Limited(AGSML)

5.44

▲ 0.65 (13.57%)

Chenab Ltd (Pref) / May 9

Chenab Limited (Pref)(CLCPS)

2.05

▲ 0.23 (12.64%)

LSE Capital / May 9

LSE Capital Limited(LSECL)

4.39

▲ 0.48 (12.28%)

Cnergyico PK / May 9

Cnergyico PK Limited(CNERGY)

6.42

▲ 0.7 (12.24%)

D.S. Ind. Ltd. / May 9

D.S. Industries Limited(DSIL)

3.90

▲ 0.41 (11.75%)

Stock Price

Cyan Limited / May 9

Cyan Limited(CYAN)

27.05

▼ -5.03 (-15.68%)

Burj Clean Energy Modaraba / May 9

Burj Clean Energy Modaraba(GEM)(GEMBCEM)

7.11

▼ -1 (-12.33%)

Universal Ins. / May 9

The Universal Insurance Company Limited(UVIC)

8.25

▼ -1 (-10.81%)

Sally Textile / May 9

Sally Textile Mills Limited(SLYT)

7.14

▼ -0.86 (-10.75%)

Jubilee Spinning / May 9

Jubilee Spinning & Weaving Mills Ltd.(JUBS)

8.43

▼ -0.95 (-10.13%)

At-Tahur Ltd. / May 9

At-Tahur Limited(PREMA)

42.57

▼ -4.73 (-10%)

Khyber Tobacco / May 9

Khyber Tobacco Company Limited(KHTC)

342.26

▼ -38.03 (-10%)

Dewan Mushtaq / May 9

Dewan Mushtaq Textile Mills Limited(DMTM)

9.29

▼ -1.03 (-9.98%)

PIA Holding Co.Ltd / May 9

PIA Holding Company Limited(PIAHCLA)

12.23

▼ -1.35 (-9.94%)

First Elite Cap.Mod / May 9

First Elite Capital Modaraba(FECM)

18.44

▼ -2 (-9.78%)

Stock Volume

WorldCall Telecom / May 9

Worldcall Telecom Limited(WTL)

47,087,025

▲ 0.06

Cnergyico PK / May 9

Cnergyico PK Limited(CNERGY)

33,590,475

▲ 0.7

Sui South Gas / May 9

Sui Southern Gas Company Limited(SSGC)

29,288,646

▼ -1.53

B.O.Punjab / May 9

The Bank of Punjab(BOP)

18,310,598

▲ 0.44

Pak Refinery / May 9

Pakistan Refinery Limited(PRL)

15,347,121

▲ 0.3

PIA Holding Co.Ltd / May 9

PIA Holding Company Limited(PIAHCLA)

14,961,675

▼ -1.35

Sui North Gas / May 9

Sui Northern Gas Pipelines Limited(SNGP)

14,847,660

▲ 5.69

K-Electric Ltd. / May 9

K-Electric Limited(KEL)

14,463,181

▲ 0.09

Maple Leaf Cement / May 9

Maple Leaf Cement Factory Limited(MLCF)

13,544,491

▲ 2.45

Kohinoor Spining / May 9

Kohinoor Spinning Mills Limited(KOSM)

13,517,642

▲ 0.05

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Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05