News Archives for Print - 2012-03-08

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (March 07, 2012).

Published 08 Mar, 2012 12:00am

Current Year 2011 banking industry NPLs surge by Rs 56 billion

Non-Performing Loans (NPLs) of banking industry posted a phenomenal rise of over Rs 56 billion at the end of calendar year 2011 (CY11), creating new challenges and credit risks for the financial sector of Pakistan. Sources in the banking industry told

Published 08 Mar, 2012 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (March 07, 2012).

Published 08 Mar, 2012 12:00am

Government accepts resignation of Ali Raza

The Federal government has accepted the resignation of S Ali Raza, Chairman, Board of Directors of National Bank of Pakistan with immediate effect. This was stated in a communique sent to Karachi Stock Exchange on Wednesday.
Published 08 Mar, 2012 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 07, 2012).

Published 08 Mar, 2012 12:00am

Government accepts resignation of Ali Raza

The Federal government has accepted the resignation of S Ali Raza, Chairman, Board of Directors of National Bank of Pakistan with immediate effect. This was stated in a communique sent to Karachi Stock Exchange on Wednesday.
Published 08 Mar, 2012 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 08 Mar, 2012 12:00am

Government accepts resignation of Ali Raza

The Federal government has accepted the resignation of S Ali Raza, Chairman, Board of Directors of National Bank of Pakistan with immediate effect. This was stated in a communique sent to Karachi Stock Exchange on Wednesday.
Published 08 Mar, 2012 12:00am

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Wednesday (March 07, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover f
Published 08 Mar, 2012 12:00am

Nargis to be cross-examined today

The Supreme Court on Wednesday accepted documentary record presented by cabinet secretary Nargis Sethi as evidence to defend Prime Minister Syed Yousuf Raza Gilani in a contempt of court case. A seven-member special bench comprising Justice Nasirul Mulk,
Published 08 Mar, 2012 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (March 07, 2012).

Published 08 Mar, 2012 12:00am

Nargis to be cross-examined today

The Supreme Court on Wednesday accepted documentary record presented by cabinet secretary Nargis Sethi as evidence to defend Prime Minister Syed Yousuf Raza Gilani in a contempt of court case. A seven-member special bench comprising Justice Nasirul Mulk,
Published 08 Mar, 2012 12:00am

New York cotton

The following were the fluctuations observed during the day:.

Published 08 Mar, 2012 12:00am

Chinese named IMF secretary

International Monetary Fund managing director Christine Lagarde tapped a Chinese IMF official Wednesday as the Fund''s next secretary. Jianhai Lin, who has been acting secretary since November, will hold the key post of the department that is responsible
Published 08 Mar, 2012 12:00am

New York cotton

The following were the fluctuations observed during the day:.

Published 08 Mar, 2012 12:00am

Chinese named IMF secretary

International Monetary Fund managing director Christine Lagarde tapped a Chinese IMF official Wednesday as the Fund's next secretary. Jianhai Lin, who has been acting secretary since November, will hold the key post of the department that is responsible f
Published 08 Mar, 2012 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 08 Mar, 2012 12:00am

Chinese named IMF secretary

International Monetary Fund managing director Christine Lagarde tapped a Chinese IMF official Wednesday as the Fund's next secretary. Jianhai Lin, who has been acting secretary since November, will hold the key post of the department that is responsible f
Published 08 Mar, 2012 12:00am

Vietnam's 2012 rice exports likely to fall

Vietnam's rice exports are forecast to fall to 6.6 million tonnes in 2012, down 7 percent from last year, the Agriculture Ministry said on Tuesday. Global rice trade in 2012 would fall 7 percent from last year to 32.8 million tonnes "due to lower import d
Published 08 Mar, 2012 12:00am

China lambasts US trade bill, won''''t adjust yuan

A US trade bill targeting Chinese imports goes against international rules and Beijing will not adjust the value of its currency to try to bridge a trade deficit that is Washington''''s problem to fix, China''''s commerce minister said on Wednesday. US Pr
Published 08 Mar, 2012 12:00am

Bangladesh tea prices dip on quality basis

Tea prices in Bangladesh fell sharply on Tuesday at a weekly auction, because poor quality end-of-season varieties were on offer, while supply was tight in the penultimate sale of the season, brokers said. The average price of Bangladeshi tea dropped to 1
Published 08 Mar, 2012 12:00am

China lambasts US trade bill, won''t adjust yuan

A US trade bill targeting Chinese imports goes against international rules and Beijing will not adjust the value of its currency to try to bridge a trade deficit that is Washington''s problem to fix, China''s commerce minister said on Wednesday. US Presid
Published 08 Mar, 2012 12:00am

US wheat futures lower due to strong dollar

Chicago Board of Trade soft red winter wheat futures fell 2.2 percent on Tuesday, hitting a one-week low as a firming dollar cut demand for US commodities, traders said. Kansas City Board of Trade hard red winter wheat futures and MGEX spring wheat also p
Published 08 Mar, 2012 12:00am

China lambasts US trade bill, won't adjust yuan

A US trade bill targeting Chinese imports goes against international rules and Beijing will not adjust the value of its currency to try to bridge a trade deficit that is Washington's problem to fix, China's commerce minister said on Wednesday. US Presiden
Published 08 Mar, 2012 12:00am

Philippines sugar exports to non-US buyers seen at 21-year high

The Philippines' exports of raw sugar to non-US buyers for the current crop year are likely to increase at least eightfold to a 21-year high of 300,000 tonnes amid high global prices. The projected export volume includes approved raw sugar exports of 55,5
Published 08 Mar, 2012 12:00am

China lambasts US trade bill, won't adjust yuan

A US trade bill targeting Chinese imports goes against international rules and Beijing will not adjust the value of its currency to try to bridge a trade deficit that is Washington's problem to fix, China's commerce minister said on Wednesday. US Presiden
Published 08 Mar, 2012 12:00am

Vietnamese March coffee exports may fall

Vietnam's coffee exports this month could ease to between 120,000 and 130,000 tonnes, or 2 million to 2.2 million bags, after an estimated 180,000 tonnes shipped in February, traders said on Tuesday. Falling supplies from Vietnam, the world's largest prod
Published 08 Mar, 2012 12:00am

Fiscal Year 2012 revenue collection: several factor adversely impacting on target

The Federal Board of Revenue has termed one percent decrease in sales tax from 17 to 16 percent and no additional taxation in budget (2011-12) as impediments towards meeting the budgetary revenue target of the current fiscal year. Sources told Business
Published 08 Mar, 2012 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 89,461 tonnes of cargo comprising1 52,563 tonnes of import cargo and 36,898 tonnes of export cargo including 2,757 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 52,563 t
Published 08 Mar, 2012 12:00am

Fiscal Year 2012 revenue collection: several factor adversely impacting on target

The Federal Board of Revenue has termed one percent decrease in sales tax from 17 to 16 percent and no additional taxation in budget (2011-12) as impediments towards meeting the budgetary revenue target of the current fiscal year. Sources told Business
Published 08 Mar, 2012 12:00am

Oil cake market rates

Both contracts were lower on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The March vaida closed at 768.50 but it opened with a fall of 20 paisa to Rs 768.30 and the May vaida closed at Rs 686.70, however, it los
Published 08 Mar, 2012 12:00am

Fiscal Year 2012 revenue collection: several factor adversely impacting on target

The Federal Board of Revenue has termed one percent decrease in sales tax from 17 to 16 percent and no additional taxation in budget (2011-12) as impediments towards meeting the budgetary revenue target of the current fiscal year. Sources told Business
Published 08 Mar, 2012 12:00am

Spot rate sheds overnight gains on cotton market

Spot rate failed to retain its gains after fresh decline in the NY cotton market, dealers said on the cotton market on Wednesday. The official spot rate was lower by Rs 50 to Rs 5,300, they said. Prices of seedcotton in Sindh were at Rs 1900-2300 and in t
Published 08 Mar, 2012 12:00am

Six British soldiers killed in Afghan blast

Six British soldiers were killed when a massive explosion hit their armoured vehicle in Afghanistan, the military said Wednesday, taking the British toll in the war against Taliban insurgents to more than 400. The soldiers were on patrol in the restive so
Published 08 Mar, 2012 12:00am

Dry fruit prices mixed on Jodia Bazaar

The trading in dry fruits ended mixed on Jodia Bazaar here on Wednesday. The following changes were noted.
Published 08 Mar, 2012 12:00am

Six British soldiers killed in Afghan blast

Six British soldiers were killed when a massive explosion hit their armoured vehicle in Afghanistan, the military said Wednesday, taking the British toll in the war against Taliban insurgents to more than 400. The soldiers were on patrol in the restive so
Published 08 Mar, 2012 12:00am

Guwar, grams prices up on grain market

Prices tended higher on the wholesale grain market on Wednesday as grams and Guwar maintained rising trend due to strong demand, dealers said. Commenting on the rising trend in the prices, commodity experts said that major reason behind the present trend
Published 08 Mar, 2012 12:00am

Air Marshal Tahir made PAF chief

Air Marshal Tahir Rafique Butt has been appointed as new Chief of the Air Staff, Pakistan Air Force (PAF). Born in 1955, Air Marshal Tahir Rafique Butt received his early education at PAF Public School, Sargodha. Subsequently, he joined Pakistan Air Force
Published 08 Mar, 2012 12:00am

Canadian canola futures slip

ICE Canada canola futures slipped on Tuesday, as grains fell under pressure from weaker equities and crude oil, amid renewed concerns about global economic growth and Greek debt. Lower Canadian dollar underpinned canola. Benchmark May canola dropped $4.00
Published 08 Mar, 2012 12:00am

Air Marshal Tahir made PAF chief

Air Marshal Tahir Rafique Butt has been appointed as new Chief of the Air Staff, Pakistan Air Force (PAF). Born in 1955, Air Marshal Tahir Rafique Butt received his early education at PAF Public School, Sargodha. Subsequently, he joined Pakistan Air Force
Published 08 Mar, 2012 12:00am

Greek bond swap prospects lifted by fresh pledges

Major banks and pension funds threw their weight behind Greece's bond swap offer to private creditors on Wednesday, making it increasingly likely that the deal will go through and clear the way for a bailout package to avert a chaotic default. A group of
Published 08 Mar, 2012 12:00am

Pakistan participates in Thai's defence exhibition

Pakistan is participating in Thailand's largest-ever defence exhibition titled 'Defence and Security 2012' being held in Bangkok. The four-day international exhibition with the theme 'Be Prepared' will continue till March 8. The exhibition was opened by t
Published 08 Mar, 2012 12:00am

Greek bond swap prospects lifted by fresh pledges

Major banks and pension funds threw their weight behind Greece's bond swap offer to private creditors on Wednesday, making it increasingly likely that the deal will go through and clear the way for a bailout package to avert a chaotic default. A group of
Published 08 Mar, 2012 12:00am

Pakistan rejects ICAN report on its nukes as propaganda

Pakistan on Wednesday refuted a report by International Campaign to Abolish Nuclear Weapons, which claims that Islamabad possesses up to 110 nuclear weapons and spent a whopping $2.2 billion on its atomic arsenal last year, terming it as an insidious prop
Published 08 Mar, 2012 12:00am

Shipping crisis to extend into 2013: Moody's

The global shipping slump is expected to last well into 2013 as a glut of vessels and a growing credit squeeze will challenge even the toughest companies in the seaborne sector, Moody's Investor Service said on Wednesday.
Published 08 Mar, 2012 12:00am

US expects Pakistan to reopen border: James Mattis

A top US general said Tuesday he plans to visit Pakistan in 10 days for talks that he hopes will reopen the border to supply convoys for Nato troops in Afghanistan. The vital routes have been closed to trucks ferrying supplies to coalition forces since No
Published 08 Mar, 2012 12:00am

Australia's economy disappoints

Australia's resource-rich economy grew at a pedestrian 0.4 percent last quarter as business spending slipped from record highs, knocking the local dollar lower and keeping alive the chance of further cuts in interest rates. The quarterly rise in gross dom
Published 08 Mar, 2012 12:00am

US expects Pakistan to reopen border: James Mattis

A top US general said Tuesday he plans to visit Pakistan in 10 days for talks that he hopes will reopen the border to supply convoys for Nato troops in Afghanistan. The vital routes have been closed to trucks ferrying supplies to coalition forces since No
Published 08 Mar, 2012 12:00am

Irish employment grows for first time since 2007

Employment in Ireland rose for the first time in four years in the final quarter of 2011, providing an unexpected boost for the euro zone member in its long battle to reduce its unemployment rate, the third-highest in the European Union. Seasonally-adjust
Published 08 Mar, 2012 12:00am

Moody's downgrades Bank of India

Moody's Investor Service on Wednesday downgraded ratings on Bank of India's debt programmes by one notch, citing an accelerated pace of asset quality deterioration, stressed core capital levels and increased pressure on profitability. Slowing economic gro
Published 08 Mar, 2012 12:00am

India may give limited nod for cotton exports

India could allow limited exports of cotton to cover existing sales commitments when ministers meet on the issue on Friday, government sources said, as exporters sought permission for 2.5 million bales to be released. The world's second-largest cotton pro
Published 08 Mar, 2012 12:00am

Iraq okays Statoil sale of oilfield stake

Iraq has approved the sale by Norway's Statoil ASA of its minority stake in a giant oil field to Lukoil OAO, making the Russian firm the sole foreign partner in one of Iraq's biggest new oil projects, two Iraqi oil industry sources said on Wednesday. Stat
Published 08 Mar, 2012 12:00am

Indonesia to limit foreign ownership in mines

Indonesia is to take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world's top exporter of thermal coal and tin. Under new rules announced on the energy minis
Published 08 Mar, 2012 12:00am

US labour market shows more signs of life

US companies increased their hiring in February, shoring up expectations that the labour market recovery has moved into a higher gear. Separate data on Wednesday showed wages grew much more quickly at the end of last year than originally estimated, good n
Published 08 Mar, 2012 12:00am

Robot artist 'draws' crowds at world's top tech fair

A robot caricaturist that can draw an accurate likeness of its subject in just three minutes was wowing the crowds on Wednesday at the world's biggest IT fair, but not every customer was satisfied. The robot, designed by Germany's Fraunhofer Institute, ta
Published 08 Mar, 2012 12:00am

Strike hits South Africa; gold mines stop work

Tens of thousands of South Africans staged a one-day national strike on Wednesday, hitting mining production, as the biggest labour group in the continent's largest economy flexed its muscles to remind the ruling ANC of its political clout. Gold Fields, t
Published 08 Mar, 2012 12:00am

IATA suspends Kingfisher from settlement system

The International Air Transport Association (IATA) has suspended India's Kingfisher Airlines from its account settlement system due to non-payment of fees, dealing a fresh blow to the carrier as it seeks funds to stay aloft. The industry group's clearing
Published 08 Mar, 2012 12:00am

Dubai index posts biggest drop in over two years

Dubai's index recorded its largest drop in more than two years on Wednesday as traders used declines in global stocks to book profits from the emirate's early-year surge, while other Gulf Arab markets also declined. Nine Dubai stocks fell more than 9 perc
Published 08 Mar, 2012 12:00am

Indian shares fall

Indian shares fell for a third straight session on Wednesday, led by market bellwether Reliance Industries, as a poor election result for the country's ruling Congress party appeared to pour cold water on an already-struggling reform agenda. The benchmark
Published 08 Mar, 2012 12:00am

Nikkei remains down

Japan's Nikkei average fell for the third session on Wednesday as fears that Greece may not meet its bond swap deadline sapped risk appetite, while Brazil's weaker annual growth added to fears of a slowdown in the global economy. Investors offloaded Tokyo
Published 08 Mar, 2012 12:00am

Wednesday's midday trade: stocks rebound after jobs report

US stocks rose on Wednesday, a day after the worst selloff in three months for Wall Street, as a report showed the US private sector added more jobs than expected last month. Banking stocks - Tuesday's big losers - helped drive gains. The S&P financial se
Published 08 Mar, 2012 12:00am

Wall Street marks first big loss of 2012

The Dow dropped more than 200 points on Tuesday, handing Wall Street its worst day in three months on renewed fears of a disorderly default in Greece and concerns that China's slowdown would hit global growth. Analysts have expected a pullback for weeks,
Published 08 Mar, 2012 12:00am

Treasuries climb

US Treasuries prices climbed on Tuesday as global growth concerns and fears Greece may not secure enough creditor support to avoid a disorderly debt default drove investors into the perceived safety of bonds. Investors fled stocks as emerging-market power
Published 08 Mar, 2012 12:00am

Taiwan stocks lower

Taiwan stocks fell 0.44 percent to an over two-week closing low on Wednesday, joining global bourses in declines as risk aversion took hold, but smartphone maker HTC ended higher after saying its February sales rose from the previous month. The main TAIEX
Published 08 Mar, 2012 12:00am

Southeast Asian markets weaken

Southeast Asian stocks fell on Wednesday with Singapore hitting a one-month low as Asian investors continued to worry over slowing global growth. With global stock markets under pressure and as the effects of central bank easing wear off, market players a
Published 08 Mar, 2012 12:00am

Hong Kong, China shares slump

Hong Kong and China shares slumped to a third-straight loss on Wednesday, dragged by weakness in China Life Insurance as investors locked in profits ahead of corporate earnings later this month unlikely to produce pleasant surprises. The China Enterprises
Published 08 Mar, 2012 12:00am

KOSPI hits four-week low

Seoul stocks fell for a third consecutive session on Wednesday and hit a four-week closing low as risk appetite was sapped by worries over Greek debt and a slowing global economy. The Korea Composite Stock Price Index (KOSPI) fell 0.91 percent to a four-w
Published 08 Mar, 2012 12:00am

European shares rise

European stocks bounced from one-month lows on Wednesday, helped by an upbeat US job report and growing confidence Greece's bond swap offer to private creditors will succeed. As major banks and pension funds threw their weight behind Greece's bond swap of
Published 08 Mar, 2012 12:00am

Britain's FTSE 100 rallies

A rally by recently beaten down mining stocks and banks helped haul Britain's leading shares index higher on Wednesday, as above-forecast US private payrolls data provided a positive signal ahead of Friday's key US February jobs report. The ADP National E
Published 08 Mar, 2012 12:00am

Yuan ends lower

The yuan closed down slightly versus the dollar on Wednesday after the People's Bank of China set a weaker midpoint for a third day to track the dollar's global strength, traders said. The PBOC let the midpoint, or its reference rate from which the yuan c
Published 08 Mar, 2012 12:00am

Interbank rates extend slide

Benchmark interbank lending rates maintained their downward trek on Wednesday driven by the huge cash boost from the European Central Bank but activity remained subdued as banks looked for gains in higher-yielding assets.
Published 08 Mar, 2012 12:00am

Risk currencies spring back in Asia

Risk currencies bounced off multi-week lows but were still seen vulnerable, while the Japanese yen held firm on Wednesday, as doubts over whether Greece can pull together a bond swap deal prompted players to cut exposure to risky assets. Among the biggest
Published 08 Mar, 2012 12:00am

Euro rises in London

The euro inched up from a three-week low against the dollar on Wednesday but was vulnerable to further losses on uncertainty about whether Greece would win sufficient support for a debt restructuring. A clutch of Greek pension funds and some foreign inves
Published 08 Mar, 2012 12:00am

Early trade in New York: Euro recovers from three-week low

The euro rebounded from a three-week low against the dollar on Wednesday but traders said uncertainty about a debt swap designed to avoid a Greek default should keep gains in check. By late morning, though, the currency climbed back toward an overnight hi
Published 08 Mar, 2012 12:00am

Euro, Australian dollar plunge

The euro dropped on Tuesday to its lowest level against the US dollar in two-and-a-half weeks as global economic growth concerns and fears about Greece's bailout led investors to shun risk. Worries about slowing growth also weighed on commodity currencies
Published 08 Mar, 2012 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 81.57-81.78 (previous 81.58-81.80). Call Money Rates: 11.00-15.00 percent (previous 07.00-15.00 percent).
Published 08 Mar, 2012 12:00am

Australian dollar falls

The Australian dollar fell to a six-week low on Wednesday as renewed concerns about Europe's debt crisis led investors to dump risk assets, while a disappointing growth reading at home kept alive expectations for further interest rate cuts. The Aussie sto
Published 08 Mar, 2012 12:00am

Swiss franc up

The Swiss franc tracked the euro slightly higher against the dollar on Wednesday as some investors took profits after bidding up the greenback through the last week. The franc rose 0.1 percent against the dollar compared to the New York close, trading at
Published 08 Mar, 2012 12:00am

Indian rupee rebounds

Exporter dollar sales and dollar inflows into some local companies yanked the Indian rupee off a seven-week low on Wednesday, even though subdued global risk appetite and weak local shares weighed. The rupee ended at 50.28/29 to the dollar, marginally str
Published 08 Mar, 2012 12:00am

Most Asian currencies slip

Most emerging Asian currencies slid on Wednesday as investors cut holdings in risky assets due to fresh doubts over Greece's bailout, with the Indonesian rupiah hurt also by a weak debt auction. The renewed Greek concerns pointed to more corrections for e
Published 08 Mar, 2012 12:00am

Sterling down versus dollar

Sterling was weighed down versus the dollar on Wednesday with risk sentiment precariously balanced and investors reluctant to buy the currency, which is set to remain under pressure owing to the fragile UK economy and a weak technical outlook. Sterling ma
Published 08 Mar, 2012 12:00am

India name team for South Africa Twenty20

India on Wednesday named a 15-man squad for a one-off Twenty20 international against South Africa at the Wanderers stadium in Johannesburg on March 30. India squad: Mahendra Singh Dhoni (capt), Virat Kohli (v.capt), Robin Uthappa, Gautam Gambhir, Rohit Sh
Published 08 Mar, 2012 12:00am

Milan and Benfica progress to Champions League last eight

Former champions AC Milan squeezed into the quarter-finals of the Champions League Tuesday, though not as comfortably as expected as they lost 3-0 at Arsenal to progress 4-3 on aggregate. Milan - who were conceding three goals in the Champions League for
Published 08 Mar, 2012 12:00am

Doping lab to hold Games tests for eight years

The gold medal may be safely packed away in their luggage, and the drug tests may have come back clean. But any cheat clever enough to outwit the unprecedented anti-doping regime put in place for the 2012 London Olympics will be spooked by the knowledge t
Published 08 Mar, 2012 12:00am

Indonesia threatens to cut national team funding

Indonesia's sports ministry has threatened to pull funding from the national football team following a historic 10-0 thrashing by Bahrain in a 2014 World Cup qualifier, an official said Wednesday. FIFA last week launched an investigation into the match, i
Published 08 Mar, 2012 12:00am

Martin puts New Zealand on top

New Zealand seized control of the first Test against South Africa Wednesday thanks to a stunning spell of three wickets in four balls from paceman Chris Martin. The Proteas ended the day at 191 for seven, with Jacques Rudolph (46) the only recognised bats
Published 08 Mar, 2012 12:00am

Pakistan cricket team off for Dhaka

Pakistan cricket team left for Dhaka on Wednesday to feature in Asia Cup, starting on March 11 in Bangladesh's capital. Pakistan will play tournament's opener against hosts Bangladesh. Squad: Misbah-ul-Haq (captain), Mohammad Hafeez, Nasir Jamshed, Younis
Published 08 Mar, 2012 12:00am

ICC may agree to local match officials in Pakistan

The International Cricket Council (ICC) may waive its requirement for neutral match officials in a proposed One-day international series between Pakistan and Bangladesh next month. The three matches, which are subject to agreement by Bangladesh, would tak
Published 08 Mar, 2012 12:00am

European body calls for Blatter probe

A Council of Europe committee on Wednesday called for FIFA president Sepp Blatter to be investigated over his uncontested victory in last year's FIFA presidential election. A committee of the Parliamentary Assembly of the Council of Europe (PACE) says fur
Published 08 Mar, 2012 12:00am

Bangladesh chief selector quits over Tamim row

Bangladesh's chief selector Akram Khan resigned from his post on Wednesday, citing interference from the country's cricket board president in team selection for the upcoming Asia Cup. Khan quit a day after Bangladesh Cricket Board (BCB) president Mustafa
Published 08 Mar, 2012 12:00am

Australia rubbishes British hand-shake warning

Australian athletes will continue to shake hands with their rivals at the London Olympics, saying not to do so would be an "embarrassment" despite a warning from Britain over the health risks. The British Olympic Association's (BOA) chief medical officer
Published 08 Mar, 2012 12:00am

South Americans on song in Asian Champions League

Big-spending Chinese side Guangzhou Evergrande kicked off their AFC Champions League campaign in style on Wednesday, thumping last year's beaten finalists Jeonbuk Hundai Motors of South Korea 5-1. Elsewhere, a stunning injury-time overhead kick from Brazi
Published 08 Mar, 2012 12:00am

Clarke, Pattinson out of series decider

Australian captain Michael Clarke and young paceman James Pattinson were Wednesday ruled out of the tri-series decider against Sri Lanka, as coach Mickey Arthur demanded a new strategy. Clarke scored a century in Australia's crushing loss to Sri Lanka as
Published 08 Mar, 2012 12:00am

Hamas would stay out of any Israel-Iran fighting

Gaza's Hamas rulers said Wednesday they would stay on the sidelines if war breaks out between Israel and Iran, easing a key Israeli concern and distancing the Islamic militants from their sponsors in Tehran. The comments by Hamas spokesman Fawzi Barhoum c
Published 08 Mar, 2012 12:00am

Asia military spending to pass Europe in 2012

Military spending in Asia will top that in Europe for the first time this year, a London-based think-tank said Wednesday in its annual assessment of the strength of the world's armies. The International Institute for Strategic Studies (IISS) said shifts i
Published 08 Mar, 2012 12:00am

Sonia Gandhi vows to 'correct mistakes'

Sonia Gandhi, president of India's ruling Congress party, vowed Wednesday to "correct the mistakes" that led to a mid-term drubbing in local polls and defended embattled Prime Minister Manmohan Singh. "We will have to sit down and look at the situation an
Published 08 Mar, 2012 12:00am

Obama poised to win 2012 election with 303 electoral votes: The Signal Forecast

With fewer than nine months to go before Election Day, The Signal predicts that Barack Obama will win the presidential contest with 303 electoral votes to the Republican nominee's 235. How do we know? We don't, of course. Campaigns and candidates evolve,
Published 08 Mar, 2012 12:00am

No plan to cede Afghan war to CIA: US commanders

US commanders say there are no plans to turn the Afghan war over to CIA control after 2014, with special operations answering to American intelligence officials. General James Mattis, who heads US Central Command, and Adm. Bill McRaven, the special operat
Published 08 Mar, 2012 12:00am

Romney seeks to ease doubts after Super Tuesday results

Mitt Romney reached out to conservatives suspicious of him and sought to assert himself as the inevitable Republican US presidential nominee on Wednesday, despite failing to deliver a knockout blow to his rivals in the biggest round of nominating contests
Published 08 Mar, 2012 12:00am

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

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
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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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