News Archives for Print - 2012-05-14

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Print - 2012-05-14

The Weather

The weather report on Sunday (May 13, 2012) and the forecast for Monday (May 14, 2012).

Published 14 May, 2012 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2011)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 14 May, 2012 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 07 - May 11 2012).

Published 14 May, 2012 12:00am

MetLife Alico Pakistan Weekly Unit Prices

American Life Insurance Company (Pakistan) Limited has issued Weekly Unit Prices for week ended May 10, 2012.

Published 14 May, 2012 12:00am

MetLife Alico Pakistan Weekly Unit Prices

American Life Insurance Company (Pakistan) Limited has issued Weekly Unit Prices for week ended May 10, 2012.

Published 14 May, 2012 12:00am

MetLife Alico Pakistan Weekly Unit Prices

American Life Insurance Company (Pakistan) Limited has issued Weekly Unit Prices for week ended May 10, 2012.

Published 14 May, 2012 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 14 May, 2012 12:00am

PPP holds mammoth rally in Lahore

The Pakistan People's Party Punjab organised a grand rally led by PPP Punjab President Imtiaz Safdar Warraich and PPP Lahore President Samina Khalid Ghurki here on Sunday.

Published 14 May, 2012 12:00am

Call to impose agriculture tax in forthcoming budget

Agriculture tax has to be imposed in the forthcoming budget for survival of country's economy. This was stated by Senator Mustafa Kamal while addressing a dinner reception hosted by President All Karachi Industrial Alliance, Mian Zahid Hussain and former

Published 14 May, 2012 12:00am

Call to impose agriculture tax in forthcoming budget

Published 14 May, 2012 12:00am

PTI to build a new Pakistan: Imran

Chairman, Pakistan Tehreek-e-Insaf (PTI), Imran Khan, has said that days of political mafias are numbered and his party would build a new Pakistan to provide justice and opportunities to all. Addressing PTI's Women Convention here on Sunday, Khan said tha

Published 14 May, 2012 12:00am

Nawaz vows not to tolerate injustices with people of Sindh

Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif said on Sunday he would no more tolerate injustices with the people of Sindh by the present government. "The present rulers have pushed the Sindh to unemployment, price hike, lawlessness, load sheddi

Published 14 May, 2012 12:00am

Failure in resolving power crisis: PML-Q to consider parting ways with government: PERVEZ ELAHI

Senior Federal Minister and Pakistan Muslim League-Q (PML-Q) leader Chaudhry Pervez Elahi has said that his party would consider parting ways with the government if Pakistan People's Party (PPP) did not resolve the problem of load shedding.

Published 14 May, 2012 12:00am

Audit pinpoints overpayment of Rs 774 million in KP arms deals

Home and Tribal Affairs Department of Khyber-Pakhtunkhwa made an overpayment of Rs 774 million in two weapons' purchases/ deals in financial years 2009-10 and 2008-09, said Audit Report on Accounts of Government of Khyber- Pakhtunkhwa Audit Year 2010-11.

Published 14 May, 2012 12:00am

ECC to approve 0.4 million tons of sugar procurement/export plan

The Economic Co-ordination Committee (ECC) of the cabinet, which is scheduled to meet on Tuesday (tomorrow), will approve 0.4 million tons sugar procurement/export plan. Recently, President Asif Ali Zardari met with a delegation of Pakistan Sugar Mills As

Published 14 May, 2012 12:00am

SMEs have shown resilience, even as big corporations have faltered, Zubyr Soomro

Zubyr Soomro is presently Chairman and CEO at Hikmah Consulting. Besides serving as Chairman and President UBL, Chairman Pakistan Advisory Council and Chairman Karachi Stock Exchange, he has also had a long and illustrious career as a banker. Since retire

Published 14 May, 2012 12:00am

SMEs have shown resilience, even as big corporations have faltered, Zubyr Soomro

Published 14 May, 2012 12:00am

Lyari & KESC clarification

The KESC has clarified in a section of the press that during the first five days of the Lyari operation, six out of 43 PMTs were damaged but later on two were repaired, whereas the total registered customers in Lyari were 180,000. Nonetheless, they did no

Published 14 May, 2012 12:00am

Bangladesh tribals fear linguistic 'genocide'

Bangladesh can justly claim to be a nation born of language, but its status as a cradle of linguistic diversity is under threat from nationalist pride and economic growth. Of the more than 30 recognised languages spoken in Bangladesh, experts say 20 are n

Published 14 May, 2012 12:00am

Mubarak's tainted legacy hangs over Egyptian vote

Military police idly guard the gates of Egypt's presidential palace in Heliopolis, built as a 400-room luxury hotel in 1910 and vacant since a popular uprising deposed Hosni Mubarak 15 months ago. Egyptians, who never stormed in to gawk and plunder their

Published 14 May, 2012 12:00am

Pakistan-India ties: one major irritant

The visit by 45 Indian Chief Executive Officers to Lahore last week for a two day conference sets the stage for enhancing people to people contacts between the two countries. Policies though remain the domain of the two governments and the Indian business

Published 14 May, 2012 12:00am

Deepening power crisis

As Punjab experiences a severe power crisis, public anger boiled over onto the streets all across the province last Thursday. Angry protesters vented their anger not only at public property, burning everything in sight at the Pepco office in Multan; in th

Published 14 May, 2012 12:00am

Tariff rationalisation

Every country has to adjust its tariffs with the needs of the economy and, as such, it is generally an ongoing process. In order to discuss the matter with the private sector, Finance Minister Dr Hafeez Shaikh had nominated Nadeem-ul-Haq, Deputy Chairman,

Published 14 May, 2012 12:00am

Afghans to take more control from Nato: Karzai

Afghan President Hamid Karzai on Sunday announced a new transfer of security control from Nato that will see local forces take responsibility for 75 percent of Afghanistan's population. Kapisa province, where French troops are based, will be among 11 prov

Published 14 May, 2012 12:00am

Israel responds to Abbas peace talk demands, says no preconditions

Israel was prepared to restart peace talks with the Palestinians "without any preconditions," the spokesman for Prime Minister Benjamin Netanyahu said Sunday. Regev's comments came after a Netanyahu envoy met Palestinian President Mahmoud Abbas in Ramalla

Published 14 May, 2012 12:00am

Suicide bomber, car bombs hit Iraq security forces

A suicide bomber targeting a police checkpoint in Baghdad killed at least three people while car bombs hit army and police patrols in two other cities, killing three others, police and hospital sources said on Sunday.

Published 14 May, 2012 12:00am

Beijing envoy in Khartoum amid Sudan-South tension

A Chinese envoy was in Khartoum for talks on Sunday after his country backed a UN resolution that aims to halt border fighting between Sudan and South Sudan. Zhong Jianhua arrived in the Sudanese capital on Saturday and was expected to leave on Sunday nig

Published 14 May, 2012 12:00am

Seven missing after Argentine cargo ship crash

Seven people were missing Saturday after an Argentine cargo ship and a Paraguayan tug boat collided on the Parana River near the north-eastern city of Zarate in Argentina, police said. "We will continue searching for the seven who went missing overnight b

Published 14 May, 2012 12:00am

Bahrain Prime Minister for Gulf union, opposition wants referendum

Bahrain's premier has backed Saudi Arabia's plan for the creation of a Gulf union, a report said Sunday, but the nation's Shiite opposition is demanding the proposal be put to a referendum.

Published 14 May, 2012 12:00am

Hollande's camp sharpens tone before Merkel meet

French Socialists said on Sunday that austerity was pushing the European Union toward economic ruin and warned Germany to accept changes to a budgetary treaty, raising tensions days before president-elect Francois Hollande takes a maiden trip to Berlin.

Published 14 May, 2012 12:00am

Swiss army to buy new bicycles - with gears

Forget the Swiss army knife, Swiss soldiers will soon be issued with the latest in two-wheel technology - brand new bicycles to keep the men fit on mountain roads. But this time, the bikes will come with eight gears instead of the single one that equips c

Published 14 May, 2012 12:00am

Uganda captures Lord's Resistance Army commander

U ganda has captured one of the top five members of the Lord's Resistance Army, bringing it a step closer to catching Joseph Kony, the notorious rebel leader accused of war crimes, the military said on Sunday.

Published 14 May, 2012 12:00am

Thousands march through Moscow to protest recent arrests

Some ten thousand people marched through Moscow on Sunday, in protest at the recent mass arrests of demonstrators critical of the government. The march had started out as an initiative of well-known authors, who said they wanted to test whether it was "po

Published 14 May, 2012 12:00am

Venue changes for Commercial Geography paper II exam

The Commercial Geography paper II Commerce regular group examination will be held on May 24 (2.30 pm to 5.30 pm) at Govt Degree Boys College, Gulistan-e-Jauher, adjacent to Shaikh Zaid Centre, University Road, Karachi.

Published 14 May, 2012 12:00am

Social disorder keeps commodities' prices, trade within moderate limits

Falling trend in price was evident in the wholesale commodity markets owing to disorder leading to less buying by needy people. There are areas wherefrom going to work place or market has been unpleasant exercise. Thank all we must that our bare needs, pa

Published 14 May, 2012 12:00am

World cotton market collapses on technical foreign factors

Finally, cotton production of 2011-12 season closed at 14,813,779 local weight bales as mentioned by the Pakistan Cotton Ginners' Association (PCGA) in their report dtd . May 3,2012 which is 26.63% higher than that of last year (2010-11) at 11,698,166 loc

Published 14 May, 2012 12:00am

World cotton market collapses on technical foreign factors

Published 14 May, 2012 12:00am

Loadshedding affects water supply: KWSB

Karachi Water and Sewerage Board (KWSB) alleged that load shedding by Karachi Electric Supply Company at its pumping stations has severely affected judicious and fair supply of water to different parts of the city.

Published 14 May, 2012 12:00am

Doctor kidnapped for ransom

A well-known general surgeon of Hyderabad was kidnapped while he was returning from Karachi between the night of Saturday and Sunday. Dr Aftab Qureshi's personal secretary Arshad Laghari told APP that his family began to get worried when he did not reach

Published 14 May, 2012 12:00am

Professor Atta elected member of Turkish science academy

Professor Dr Atta-ur-Rahman, a former Minster for Science and Technology, has been elected by of Bilim Akademisi, the Science Academy, Turkey (TUBA), as a Foreign Honorary Member of TUBA.

Published 14 May, 2012 12:00am

Infrastructure in SITE Hyderabad severely damaged

Nadeem Ahmed Siddiqui, Chairman SITE Affairs Sub-Committee HCCI, while speaking to Business Recorder in response to a question regarding development of industry in Hyderabad, said that the infrastructure in SITE Hyderabad is severely damaged. Water

Published 14 May, 2012 12:00am

Aerial firing claims child's life

A child has been killed on Sunday during the aerial firing at a marriage ceremony in Pishin, police said. The participants in a marriage ceremony opened aerial firing at Surkhab refugee camp area in Pishin. As a result a minor child suffered bullet injuri

Published 14 May, 2012 12:00am

Netherlands envoy meets Dutch community in Sindh

The Ambassador of the Netherlands to Pakistan, Hugo Gajus Scheltema, met with the Dutch community living in the province.

Published 14 May, 2012 12:00am

Nadra to issue 'Benazir Muawinat Cards' for 85,000 Zakat beneficiaries soon

The Sindh Zakat department and National Database and Registration Authority (Nadra) has signed a Memorandum of Understanding (MoU) a few days back. Nadra would now issue "Benazir Muawinat Cards" for 85,000 Zakat beneficiaries very soon, Business Record

Published 14 May, 2012 12:00am

Zinc may shorten common cold, but with side effects

Taking zinc may cut the time adults suffer with a common cold, but consuming it will likely come with unpleasant side effects such as nausea, according to a review of past studies.
Published 14 May, 2012 12:00am

42 percent of US population may be obese by 2030

Forty-two percent of the US population could be obese by 2030, up from about one-third currently, and the associated rise in health woes would likely cost $550 billion over two decades, said a study on May 07.
Published 14 May, 2012 12:00am

Step closer to meningitis B vaccine: researchers

Researchers said on May 07 they were a step closer to developing a vaccine against the type of meningitis that mostly affects Europe and North America and kills hundreds every year.
Published 14 May, 2012 12:00am

Bipolar symptoms begin in teen years

The number of teenagers who have experienced mania, a hallmark of bipolar disorder, is close to the number of adults estimated to have the mood disorder, suggesting that for many the condition begins during adolescence, according to a US study.
Published 14 May, 2012 12:00am

Pacific plastic soup grew 100-fold

The vast swirl of plastic waste floating in the North Pacific has grown 100-fold over the last 40 years, according to a research paper published on May 09. And scientists warned the killer soup of microplastic - particles smaller than five millimetres (0.
Published 14 May, 2012 12:00am

Fish tied to lower colon cancer risk

People who eat plenty of fish may have a lower risk of colon cancer and, even more, rectal cancer, according to an analysis of 41 studies from around the world. The analysis, which appeared in the American Journal of Medicine, is the latest report that ti
Published 14 May, 2012 12:00am

Training immune system to fight cancer comes of age

More than 100 years after researchers first explored the potential to harness the body's immune system to fight cancer, the field's leading doctors see the concept finally proving itself on a large scale in the next year or two.
Published 14 May, 2012 12:00am

Infection causes one in six new cancer cases

Largely preventable or treatable infections with viruses, bacteria and parasites cause about two million new cancer cases and 1.5 million cancer deaths each year, said a study published on May 09. This amounted to about one in six of the 12.7 million new
Published 14 May, 2012 12:00am

Senior citizens need encouragement in gadgets' usage

"But I don't need that" is the standard reaction from the elderly when it's suggested they try out new technologies. But that answer doesn't address the question: "Why not make use of potentially useful or entertaining digital helpers?" Indeed, most exper
Published 14 May, 2012 12:00am

US drivers see texting risks but still do it

Most young US drivers believe that texting and phone use at the wheel is dangerous, but many do it anyway, a survey showed on May 8. The Consumer Reports survey of 16- to 21-year-olds found eight of 10 believed the use of smartphones at the wheel is a ris
Published 14 May, 2012 12:00am

More Americans can't live without smartphones anymore

More Americans can't live without their smartphones anymore. A study released May 7 shows people using their mobile devices increasingly to settle a dispute, co-ordinate a meeting, find a restaurant or get emergency information.
Published 14 May, 2012 12:00am

Smartphone being used to get location-based information

More smartphones means more Americans are using the devices to get location information or to share their whereabouts with friends, a study showed on May 11. A Pew Internet & American Life Project report found 74 percent of US smartphone owners use the de
Published 14 May, 2012 12:00am

App to address growing problem among social media users

Nestle, purveyor of the decades-old KitKat snack, has launched an app it says addresses a growing problem among young social media users - giving them a break from the stress of posting updates by doing it for them.
Published 14 May, 2012 12:00am

Internet safe spot planned at '.secure' domain

Internet security specialists have applied for a ".secure" domain that they plan to turn into an online safe zone where bad guys aren't allowed. San Francisco-based Artemis was awaiting word Friday from the Internet Corporation for Assigned Names and Numb
Published 14 May, 2012 12:00am

Google+ rolls out 'Hangouts On Air' world-wide

Google on May 7 began letting members of its social network world-wide broadcast "hangouts" live to Internet titan's growing online community. Hangouts On Air were introduced last year at Google+ with select high-profile members testing the service that l
Published 14 May, 2012 12:00am

Samsung unveils ultra high-end TV

South Korea's Samsung Electronics on May 10 unveiled a new-generation premium television as global manufacturers seek to drive slowing sales with lucrative models.
Published 14 May, 2012 12:00am

Twitter passwords bared online

Twitter on May 8 said that it was trying to figure out how user names and passwords from thousands of accounts apparently wound up posted at an online file sharing website. Information posted on Pastebin.com pages appeared to be from about 35,000 Twitter
Published 14 May, 2012 12:00am

More Americans cut cable as Internet TV grows

Nearly three million Americans cut their cable television subscriptions last year as an increasing number turned to the Internet, a survey shows. The Nielsen survey released last week found that some of those cutting cable moved to packages from telecom p
Published 14 May, 2012 12:00am

Google ahead of Facebook in mobile space

Google is leading Facebook in the race for smartphone users, a US survey showed on May 7. The report by comScore, a study of mobile behaviour, found Google sites attracted 93 million of the 97 million Americans using their smartphones for the Internet.
Published 14 May, 2012 12:00am

Facebook opening online center for social 'apps'

Facebook on May 9 said it is opening an App Centre for mini-programmes that plug offerings such as Pinterest or Draw Something into the leading social network. The App Centre will feature programmes geared for Web browsers as well as those for Apple and A
Published 14 May, 2012 12:00am

Credit Agricole bank reports profit slump on Greek exposure

Credit Agricole SA bank, one of the biggest banks in Europe by capitalisation, reported a 75.0-percent drop in first quarter net profit on May 11, hit by its exposure to the Greek debt crisis.
Published 14 May, 2012 12:00am

Infosys woes prompt calls for change at top

The conservatism that served Infosys Ltd so well for three decades is now stunting its growth, prompting calls from investors for new blood at the top of India's showpiece outsourcer.
Published 14 May, 2012 12:00am

Amazon aims for top three in China market

Amazon.com Inc, the world's largest online retailer, is prepared to run losses in China to secure a position among the top three players by sales in the country's cut-throat but booming e-commerce market, its China chief said on May 10.
Published 14 May, 2012 12:00am

Emirates urges Boeing to move fast on 777 revamp

Dubai's flagship carrier Emirates has urged Boeing to make up its mind quickly on plans for an enhanced version of the wide-body 777, predicting it would be a success in the market. Emirates' President Tim Clark also warned Boeing rival Airbus not to let
Published 14 May, 2012 12:00am

Fitch cuts JP Morgan credit rating to A-plus

Fitch Ratings cut JP Morgan Chase & Co.'s credit rating one notch to A-plus from AA-minus late on May 11, citing the bank's disclosure of a $2 billion trading loss, the result of a failed hedging strategy.
Published 14 May, 2012 12:00am

Investor protest votes on pay here to stay

Company directors will remain under pressure from shareholders over executive pay long after the market downturn ends and lawmakers stop the heckling that has helped prompt votes against remuneration policies at this year's annual meetings.
Published 14 May, 2012 12:00am

IBM's 'building whisperer' sees retrofit boom

America's skyscrapers, many built before World War Two, are showing their age. IBM's "building whisperer," Dave Bartlett, believes many of these buildings could use a diet.
Published 14 May, 2012 12:00am

Relieved Steffen books London berth at trials

Olympic 50m and 100m freestyle champion Britta Steffen admitted she was relieved to book her place at the London Games with victory in the 100m final at the German trials on Saturday. "It feels good that I have got the time I needed and confirmed the qual
Published 14 May, 2012 12:00am

Hafeez's future to be based on his performance in all three formats: Zaheer

Former Pakistan captain and member of Pakistan Cricket Boards (PCB) coaching selecting committee Zaheer Abbas said that Twenty-20 skipper Muhammad Hafeezs future elevation to captain from vice-captain will be based on his performance in all three types of
Published 14 May, 2012 12:00am

African World Cup hopefuls change coaches

Mali, Senegal and Tanzania have changed coaches just three weeks before the second phase of 2014 World Cup qualifiers kicks off in Africa. Former France star Alain Giresse has left 2012 Africa Cup of Nations bronze medalists Mali over contract renewal dis
Published 14 May, 2012 12:00am

Raul to sign for Qatar's Al Sadd

Spanish striker Raul will play for Qatar side Al Sadd next season after switching to the Middle East from German league side Schalke 04, the Qatari club confirmed on their website. The 34-year-old former Real Madrid star announced last month he would be l
Published 14 May, 2012 12:00am

Ton-up Powell leads West Indies revival against Lions

Kieran Powell scored the first hundred of the West Indies tour of England as they avoided an embarrassing defeat against the England Lions on Saturday ahead of next week's first Test at Lord's. West Indies were facing the possibility of being beaten with
Published 14 May, 2012 12:00am

Rangers takeover deal accepted

Administrators for crisis-hit Scottish giants Rangers have accepted an offer from a consortium headed by former Sheffield United chief executive Charles Green, it was announced Sunday.
Published 14 May, 2012 12:00am

Formula One: Venezuela's Maldonado wins Spanish GP

Venezuela's Pastor Maldonado claimed his maiden Formula One win, and handed Williams their first since 2004 with a dramatic victory in the Spanish Grand Prix here on Sunday.
Published 14 May, 2012 12:00am

Imran, Wasim, Waqar are legends whom I look to follow: Rahat Ali

Pacer Rahat Ali who is named in Pakistan one day squad against Sri Lanka said former legends Imran Khan, Wasim Akram and Waqar Younis are whom I look to emulate. "I have watched videos of the great Imran Khan and also watched legends like Wasim Akram and
Published 14 May, 2012 12:00am

Williams crushes Azarenka to win Madrid title

Serena Williams crushed world number one Victoria Azarenka of Belarus 6-1, 6-3 on Sunday to win the Madrid Masters and make a return to the number six ranking. The American has now won back-to-back WTA clay titles after claiming Charleston in the US a mon
Published 14 May, 2012 12:00am

Record-breaking Juve finish league season unbeaten

Champions Juventus broke AC Milan's record of 42 matches unbeaten and finished the league season undefeated with a 3-1 win over Atalanta on Sunday. It was also the perfect send-off after 19 years with the Old Lady for club captain Alessandro Del Piero, wh
Published 14 May, 2012 12:00am

Robben eyes win over Chelsea to erase cup disaster

Dutch winger Arjen Robben has said Bayern Munich must beat Chelsea in Saturday's Champions League final to erase the painful memory of their German Cup final humiliation. German champions Borussia Dortmund sealed the domestic double with a 5-2 rout of Bay
Published 14 May, 2012 12:00am

City clinch title in dramatic finale to season

Manchester City claimed their first English title in 44 years in barely believable circumstances on Sunday as stoppage time goals from Edin Dzeko and Sergio Aguero snatched a 3-2 home victory over Queens Park Rangers.
Published 14 May, 2012 12:00am

Chevron agrees 20 million tonne LNG deal with Tohoku Electric

Chevron Corp has signed a preliminary agreement to sell Japan's Tohoku Electric one million tonnes of liquefied natural gas per year for 20 years, the US oil major said on Sunday.
Published 14 May, 2012 12:00am

Abu Dhabi fund Aabar takes majority stake in Arabtec

Abu Dhabi fund Aabar Investments has raised its stake in Arabtec Holding to 53 percent, a market official said on Sunday, effectively taking control of Dubai's largest builder after a failed $1.7 billion bid two years ago.
Published 14 May, 2012 12:00am

OECD urges laxer EU budget rules to help growth

The European Union should exclude public investments from the calculation of budget deficits and issue common euro zone bonds to help growth, a top official at the Organisation for Economic Co-operation and Development said on Sunday.
Published 14 May, 2012 12:00am

Britain fixes defence budget "black hole"

Britain's Defence Ministry has "balanced the books", Defence Secretary Philip Hammond said on Sunday, and does not expect to make further cuts to the size of its armed forces or its equipment programmes. The ministry is one of the government's most heavil
Published 14 May, 2012 12:00am

IMF concerned about Kuwait's finances

Kuwait's recent wage hikes have raised concerns about the sustainability of its public finances, its central bank governor told the state news agency KUNA, citing a preliminary report from the International Monetary Fund (IMF).
Published 14 May, 2012 12:00am

Europe debt crisis biggest risk for Japan's economy: Prime Minister

The European debt crisis is the biggest risk for the Japanese economy, Prime Minister Yoshihiko Noda said in a weekend interview with Dow Jones Newswires, citing it as a factor behind the yen's strength. "It is risky to just stand on the sidelines and wat
Published 14 May, 2012 12:00am

'Various approaches' can be taken on yen: Japan Prime Minister

Japanese Prime Minister Yoshihiko Noda told The Wall Street Journal that all options were on the table for dealing with the strong yen, but stopped short of saying that the currency was overvalued. When asked about market views that Japan was unlikely to
Published 14 May, 2012 12:00am

JP Morgan chief admits bank's 'credibility' at stake

JPMorgan Chase CEO Jamie Dimon admitted on Sunday that a $2 billion loss on derivatives trades had jeopardised the bank's credibility and given regulators a new opportunity to target Wall Street.
Published 14 May, 2012 12:00am

Wall St debates possible election influence on Fed stimulus

The Federal Reserve has propped up the US economy several times since the financial crisis struck, but many on Wall Street think the approach of November's elections may make it hesitate to do it again. Investors are weighing up the chances of more stimul
Published 14 May, 2012 12:00am

Austria wants EU to agree growth pact at next summit

Austrian Chancellor Werner Faymann wants the European Union council to agree a growth pact at its next summit and invest in education, employment and infrastructure via "project bonds" as a first step towards euro bonds.
Published 14 May, 2012 12:00am

European Commission welcomes Spanish bank reforms

The European Commission on Sunday welcomed a Spanish move that forces strapped banks to establish a new 30 billion euro ($39 billion) loan cushion and rid their accounts of risky property assets. "I welcome the measures announced on Friday by the Spanish
Published 14 May, 2012 12:00am

Japan to seek two percent electricity use cuts

The Japanese government is to ask firms and households in much of central and western Japan to cut electricity use by up to 20 percent, reports said Sunday as the country faces possible summer blackouts. A government panel expects Kansai Electric Power Co
Published 14 May, 2012 12:00am

Yahoo! CEO to resign over credentials flap

Yahoo! CEO Scott Thompson is expected to step down from his post following the controversy surrounding his allegedly inflated resume, in the latest blow to the struggling Internet giant, a leading industry website reported Sunday.
Published 14 May, 2012 12:00am

Eurozone turmoil boosts London property stampede

Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money.
Published 14 May, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Nov 29

278.13

USD PKR Interbank Buying / Nov 29

278.03

USD to Japanese Yen / Nov 29

149.77

USD to Swiss Franc / Nov 29

0.88

Pound Sterling to USD / Nov 29

1.27

Euro to USD / Nov 29

1.06

Stock Volume

S&P 500 / Nov 29

6,032.38

India Sensex / Nov 29

79,802.79

Tokyo Nikkei / Nov 29

38,208.03

Nasdaq / Nov 29

19,218.17

Hang Seng / Nov 29

19,423.61

FTSE 100 / Nov 29

8,287.30

Dow Jones / Nov 29

44,910.65

Germany DAX 30 / Nov 29

19,626.45

Item Value

Crude Oil USD/Barrel / Nov 29

68

Karachi Cotton PKR/37.32 KG / Nov 29

17,685

Gold 10 Grams PKR / Nov 29

237,740

Gold Spot USD/Ounce / Nov 29

2,643.15

Cotton US¢/pound / Nov 29

71.93

Petrol/Litre / Nov 30

248.38

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 30

786 Investments Limited(786)

7.20

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 30

Al-Abbas Sugar Mills Limited(AABS)

621.98

▼ 0.00 (0.00%)

Agro Allianz / Nov 30

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 30

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 30

Ali Asghar Textile Mills Limited(AATM)

68.33

▼ 0.00 (0.00%)

Allied Bank / Nov 30

Allied Bank Limited(ABL)

143.75

▼ 0.00 (0.00%)

Abbott Lab. / Nov 30

Abbott Laboratories (Pakistan) Limited(ABOT)

1,092.36

▼ 0.00 (0.00%)

Abson Ind. / Nov 30

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 30

Alfalah Consumer Index ETF.(ACIETF)

12.66

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 30

786 Investments Limited(786)

7.20

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 30

Al-Abbas Sugar Mills Limited(AABS)

621.98

▲ 0.00 (0.00%)

Agro Allianz / Nov 30

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 30

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 30

Ali Asghar Textile Mills Limited(AATM)

68.33

▲ 0.00 (0.00%)

Allied Bank / Nov 30

Allied Bank Limited(ABL)

143.75

▲ 0.00 (0.00%)

Abbott Lab. / Nov 30

Abbott Laboratories (Pakistan) Limited(ABOT)

1,092.36

▲ 0.00 (0.00%)

Abson Ind. / Nov 30

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 30

Alfalah Consumer Index ETF.(ACIETF)

12.66

▲ 0.00 (0.00%)

Stock Volume

B.O.Punjab / Nov 30

The Bank of Punjab(BOP)

95,056,818

▲ 0.00

K-Electric Ltd. / Nov 30

K-Electric Limited(KEL)

55,535,090

▲ 0.00

Sui South Gas / Nov 30

Sui Southern Gas Company Limited(SSGC)

44,802,561

▲ 0.00

Bank Makramah / Nov 30

Bank Makramah Limited(BML)

33,703,641

▲ 0.00

P.T.C.L. / Nov 30

Pakistan Telecommunication Company Ltd(PTC)

32,551,968

▲ 0.00

Waves Home Appliances / Nov 30

Waves Home Appliances Limited(WAVESAPP)

32,094,183

▲ 0.00

Hascol Petrol / Nov 30

Hascol Petroleum Limited(HASCOL)

27,538,280

▲ 0.00

Symmetry Group / Nov 30

Symmetry Group Limited(SYM)

26,652,379

▲ 0.00

WorldCall Telecom / Nov 30

Worldcall Telecom Limited(WTL)

25,274,872

▲ 0.00

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New IPP deals: PM tasks Fatemi to address Siemens’ grievances

NJLI Sarmaya Growth Fund Rates

Defence, trade, health and energy: Trump Admin engagement plan in final stages

Pakistan Petroleum Limited announces new oil & gas discovery in Sujawal

EFS benefits over 1,500 exporters with duty, tax-free imports

Crisis has been stalled but it’s far from over

In violation of IMF’s EFF: Ministry drafts incentive plan for semiconductor industry

Bank Makramah’s board approves restructuring scheme

Banks start scrapping monthly fee on large deposits

NJLI Sarmaya Growth Fund Rates

Historic high: KSE-100 crosses 100,000 as investors turn back focus on economy

Banks start scrapping monthly fee on large deposits

Budgeted $9bn time deposits: EAD says country gets no amount in Jul-Oct FY25

FBR shares 46 sets of third-party data with IR field offices

Gold price per tola decreases Rs700 in Pakistan

Bank Makramah’s board approves restructuring scheme

Karachi’s businessmen decide to launch ‘Air Karachi’

Credit concentration: identifying the worst offenders

NJLI Sarmaya Growth Fund Rates

Banks start scrapping monthly fee on large deposits

Karachi’s businessmen decide to launch ‘Air Karachi’

Key requirement for conventional banks removed

Historic high: KSE-100 crosses 100,000 as investors turn back focus on economy

Emphatic comeback: KSE-100 settles above 99k after nearly 4,700-point gain as PTI protest ends

New IPP deals: PM tasks Fatemi to address Siemens’ grievances

Budgeted $9bn time deposits: EAD says country gets no amount in Jul-Oct FY25

SBP makes key revisions to Minimum Profit Rate requirements, Islamic banking guidelines

Currency	Rate
USD PKR Interbank Selling / Nov 29	278.13
USD PKR Interbank Buying / Nov 29	278.03
USD to Japanese Yen / Nov 29	149.77
USD to Swiss Franc / Nov 29	0.88
Pound Sterling to USD / Nov 29	1.27
Euro to USD / Nov 29	1.06

Stock	Volume
S&P 500 / Nov 29	6,032.38
India Sensex / Nov 29	79,802.79
Tokyo Nikkei / Nov 29	38,208.03
Nasdaq / Nov 29	19,218.17
Hang Seng / Nov 29	19,423.61
FTSE 100 / Nov 29	8,287.30
Dow Jones / Nov 29	44,910.65
Germany DAX 30 / Nov 29	19,626.45

Item	Value
Crude Oil USD/Barrel / Nov 29	68
Karachi Cotton PKR/37.32 KG / Nov 29	17,685
Gold 10 Grams PKR / Nov 29	237,740
Gold Spot USD/Ounce / Nov 29	2,643.15
Cotton US¢/pound / Nov 29	71.93
Petrol/Litre / Nov 30	248.38

Stock	Price
786 Invest Ltd / Nov 30 786 Investments Limited(786)	7.20 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 30 Al-Abbas Sugar Mills Limited(AABS)	621.98 ▼ 0.00 (0.00%)
Agro Allianz / Nov 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 30 Ali Asghar Textile Mills Limited(AATM)	68.33 ▼ 0.00 (0.00%)
Allied Bank / Nov 30 Allied Bank Limited(ABL)	143.75 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 30 Abbott Laboratories (Pakistan) Limited(ABOT)	1,092.36 ▼ 0.00 (0.00%)
Abson Ind. / Nov 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 30 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 30 786 Investments Limited(786)	7.20 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 30 Al-Abbas Sugar Mills Limited(AABS)	621.98 ▲ 0.00 (0.00%)
Agro Allianz / Nov 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 30 Ali Asghar Textile Mills Limited(AATM)	68.33 ▲ 0.00 (0.00%)
Allied Bank / Nov 30 Allied Bank Limited(ABL)	143.75 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 30 Abbott Laboratories (Pakistan) Limited(ABOT)	1,092.36 ▲ 0.00 (0.00%)
Abson Ind. / Nov 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 30 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	95,056,818 ▲ 0.00
K-Electric Ltd. / Nov 30 K-Electric Limited(KEL)	55,535,090 ▲ 0.00
Sui South Gas / Nov 30 Sui Southern Gas Company Limited(SSGC)	44,802,561 ▲ 0.00
Bank Makramah / Nov 30 Bank Makramah Limited(BML)	33,703,641 ▲ 0.00
P.T.C.L. / Nov 30 Pakistan Telecommunication Company Ltd(PTC)	32,551,968 ▲ 0.00
Waves Home Appliances / Nov 30 Waves Home Appliances Limited(WAVESAPP)	32,094,183 ▲ 0.00
Hascol Petrol / Nov 30 Hascol Petroleum Limited(HASCOL)	27,538,280 ▲ 0.00
Symmetry Group / Nov 30 Symmetry Group Limited(SYM)	26,652,379 ▲ 0.00
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	25,274,872 ▲ 0.00