News Archives for Print - 2012-06-26

Print - 2012-06-26

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 26 Jun, 2012 12:00am

Indian gold futures fall about one percent

Indian gold futures shed about 1 percent on Monday weighed by strength in the rupee, which reversed from its record low hit last week, but physical traders were unwilling to book deals awaiting further price falls. At 0816 GMT, the most-traded gold for Au

Published 26 Jun, 2012 12:00am

Oil cake market rates

Downward trend was seen on the forward cottonseed oilcake market on Monday, dealers said. The July vaida that had closed at Rs 849.80 commenced with a fall 30 paisa at Rs 849.50, they said. The December contract which ended at Rs 848.30 showed 20 paisa fa

Published 26 Jun, 2012 12:00am

Slow, selective buying witnessed on cotton market

Lack of buying interest was seen on the cotton market on Monday due to short unsold stock of cotton of fine type, dealers said. The official spot rate was unchanged at Rs 6000, they said. In the ready business, nearly 600 bales of cotton changed hands bet

Published 26 Jun, 2012 12:00am

Prices move up in thin business on grain market

Small business was seen on the wholesale grain market on Monday as prices tended higher due to tight supplies, dealers said. On the seed counter rapeseed cake rose by Rs 40 to Rs 990-2400. Cottonseed oilcake low type shed Rs 100 to Rs 400 and best type wa

Published 26 Jun, 2012 12:00am

HRW wheat bids steady

Basis bids for hard red winter wheat held steady across the US Plains on Monday, underpinned by a lack of country offerings, dealers said. A few country elevators in Oklahoma were selling wheat to clear space, and a surge in Kansas City Board of Trade whe

Published 26 Jun, 2012 12:00am

Vietnam rejects Indian corn, soyameal

Vietnam has rejected 6,300 tonnes of Indian corn and soyameal found with insect infestation and officials have threatened to impose an import ban if more violations are found by the end of the year, state-run Voice of Vietnam radio said on Monday. Officia

Published 26 Jun, 2012 12:00am

Ukraine exports 1.21 million tonnes of grain

Ukraine's grain exports rose 17 percent to 1.21 million tonnes in June 1-20 from 1.03 million tonnes exported in the same period in May, analyst ProAgro said on Monday. It said the volume included 238,440 tonnes of wheat, 831,450 tonnes of maize and 120,6

Published 26 Jun, 2012 12:00am

Prices for new season Russian wheat rise

Prices for new season Russian wheat rose $5 last week to about $260 per tonne for the crop with 11.5 percent protein content and to $265 per tonne for 12.5 percent protein content in the country's main Black Sea port, a leading analyst said on Monday.

Published 26 Jun, 2012 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 71,595 tonnes of cargo comprising 48,249 tonnes of import cargo and 23,346 tonnes of export cargo including 4,286 loaded & empty containers during last 24 hours ended at 0700 hours on Monday. The total import cargo of 48,249 tonne

Published 26 Jun, 2012 12:00am

Workshop

Trade Development Authority of Pakistan (TDAP) is organising a one day workshop on "Export and Value Addition of Rice" on Thursday (June 28) The objective of the workshop is to create awareness among rice exporters about export, value addition of rice and

Published 26 Jun, 2012 12:00am

Saghir for action against sale of substandard medicines

Sindh Health Minister, Dr Saghir Ahmed has called for initiating stern action against those selling substandard and expired medicines. He was presiding a meeting of the district health officers and officials of health department here on Monday. A statemen

Published 26 Jun, 2012 12:00am

PIA hit by ill fortunes!

Ill fortune seldom comes alone. Following the warnings given to Pakistan International Airlines by Saudi Arabia and United Kingdom, incessant international flight delays have attracted yet another warning from yet another European and only destination in

Published 26 Jun, 2012 12:00am

Mercantile Exchange signs accord with Catalyst IT Solutions

Pakistan Mercantile Exchange (PMEX) has signed an agreement with Catalyst IT Solutions to provide them with a technology platform whereby PMEX brokerage houses will be able to offer multi asset/multi exchange online trading platforms, mobile trading platf

Published 26 Jun, 2012 12:00am

ICAP to hold workshop on audit practice

Southern Regional Committee of Institute of Chartered Accountants of Pakistan (ICAP) is going to organize a workshop on Audit Practice Manual to be held on Thursday (June 28) at ICAP House, Karachi. According to the statement issued here, Zafar Iqbal Soba

Published 26 Jun, 2012 12:00am

Power generation: Linde Pakistan approves investment plan

The board of directors of Linde Pakistan Limited (formerly BOC Pakistan Limited) has approved an investment plan of about Rs 556 million for a power generation of 4MW to be installed at Company's Port Qasim facility. According to a an information sent to

Published 26 Jun, 2012 12:00am

TI Pakistan outlines 14-point anti-corruption agenda

"We no longer choose people who are qualified and capable in terms of party leadership caliber. We choose people who offer us money or gifts or other things." This is how that great Malaysian statesman Mahathir bin Mohamed, whose fame as a forthright lead

Published 26 Jun, 2012 12:00am

ICM decides to launch 'investor education programme'

The Institute of Capital Market (ICM) has planned to launch a nation-wide "investors education programme" for existing and future investors. "This in an extensive programme that would be launched in almost all big cities across the country to educate the

Published 26 Jun, 2012 12:00am

ICM decides to launch 'investor education programme'

Published 26 Jun, 2012 12:00am

Imran promises sweeping changes if voted to power

Pakistan Tehreek Insaf (PTI) Chairman Imran Khan has claimed that PTI would sweep next general election and on assuming power would take tax collection to Rs 4000 billion. He also announced that PTI would enhance tax-base and lower the tax-rate.

Published 26 Jun, 2012 12:00am

Government must maintain equitable power loadshedding: RCCI Chief

The President Rawalpindi Chamber of Commerce and Industry (RCCI) Jawed Akhtar Bhatti has said that to protest peacefully over energy crisis is the right of the business community but some culprits in disguise of traders resort to unlawful activities by de

Published 26 Jun, 2012 12:00am

NAB to file supplementary reference against Livestock's former DG

The Executive Board of National Accountability Bureau (NAB), in its meeting held here on Monday with NAB Admiral Fasih Bokhari (Retd) in the chair, decided to file a supplementary reference against Nisar Hussain Shah, ex-DG (Livestock). The accused was al

Published 26 Jun, 2012 12:00am

Seoul shares hit three-week low

Seoul shares dropped to a three-week closing low on Monday, dragged down by a 4 percent slide in bourse-heavyweight Samsung Electronics after more brokers cut their profit estimates for the world's biggest memory chipmaker. The Korea Composite Stock Price

Published 26 Jun, 2012 12:00am

China shares suffer worst day in three weeks; Hong Kong slips

China shares had their biggest one-day loss in three weeks on Monday, prodding Hong Kong markets into the red as weakness in Chinese financial majors dragged the Hang Seng Index below a chart support, pointing at more losses ahead. Turnover in Hong Kong n

Published 26 Jun, 2012 12:00am

Nikkei declines

Japan's Nikkei share average fell on Monday on global jitters as eurozone policymakers appeared no closer to resolving the region's debt crisis heading into another European summit this week. Weighing on the market was weakness in sectors sensitive to eco

Published 26 Jun, 2012 12:00am

Monday's afternoon trade: Wall Street tumbles

US stocks fell on Monday, erasing the S&P 500 index's gains for June so far, as investors saw few reasons to buy before a European Union summit this week. Energy and bank stocks led the decline on the S&P 500. US crude futures dropped near last week's eig

Published 26 Jun, 2012 12:00am

Southeast Asian bourses mostly lower

Southeast Asian stock markets ended mostly lower on Monday, after a range-bound session, with Philippine shares bucking the trend as large cap stocks such as Philippine Long Distance Telephone Co (PLDT) rose on hopes of better earnings. The Philippine ben

Published 26 Jun, 2012 12:00am

Indian shares remain down

India's main index fell for a second consecutive session on Monday after government measures to help prop up the rupee from recent record lows failed to inspire investors, who were hoping for more extensive action. Financial shares such as State Bank of I

Published 26 Jun, 2012 12:00am

FTSEurofirst has biggest one-day fall since June 1

A leading European share index suffered its biggest one-day fall in more than three weeks on Monday, as concerns that a European Union summit will fail to tackle the region's debt crisis hit heavyweight banking stocks and equity markets. The FTSEurofirst

Published 26 Jun, 2012 12:00am

Taiwan stocks fall

Taiwan stocks ended down 0.77 percent on Monday, though chip designer MStar Semiconductor surged by the maximum allowed in a session after rival Mediatek offered to buy it at a 20 percent premium. MStar was up 6.85 percent, while Mediatek gained 2.37 perc

Published 26 Jun, 2012 12:00am

Australian shares slip

Australian shares slipped 0.5 percent on Monday, touching a three-week low on worries that a European Union summit this week will do little to resolve wrangling in Europe over whether to ease austerity measures. Concerns about how arguments between German

Published 26 Jun, 2012 12:00am

FTSE 100 index at two-week low

Britain's benchmark share index closed at its lowest level in nearly two weeks on Monday, and looked poised for more falls, hit by global growth concerns and fading expectations of any near-term radical measures to resolve the euro zone crisis.

Published 26 Jun, 2012 12:00am

Yuan recovers

Spot yuan fell to a seven-month low early Monday after the central bank set a sharply weaker midpoint for the currency, but recovered to close up slightly for the day. The People's Bank of China set the yuan midpoint at 6.3230, nearly 2 basis points weake

Published 26 Jun, 2012 12:00am

Dollar rises versus majors

The safe-haven dollar edged higher against a basket of major currencies on Monday, extending last week's hefty gains, as worries about the sputtering global economy and the eurozone debt crisis dampened the appetite for risk. The greenback strengthened ve

Published 26 Jun, 2012 12:00am

Early trade in New York: euro falls, yen jumps

The euro fell to its lowest in almost two weeks against the dollar on Monday and looked set to extend losses as investors doubted a European summit later in the week would find a solution to the region's escalating debt crisis. Investors parked money in p

Published 26 Jun, 2012 12:00am

Euro falls across the board

The euro fell broadly on Monday, with sentiment surrounding perceived riskier currencies dented by doubts a European summit later in the week will make headway in tackling the debt crisis. Investors readied themselves for a disappointing outcome to the Eu

Published 26 Jun, 2012 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 81.73-81.83 (previous 81.80-81.82). Call Money Rates: 9.60-15.00 percent (previous 9.75-15.00 percent).

Published 26 Jun, 2012 12:00am

Asian currencies dip

Most Asian currencies fell on Monday, with market players reluctant to take on risk amid doubts that a European summit later this week will produce any concrete measures to stem the euro zone's sovereign debt crisis. The Singapore dollar was among the Asi

Published 26 Jun, 2012 12:00am

Australian and New Zealand dollars under pressure

The Australian and New Zealand dollars stayed under pressure on Monday with investors giving both high-beta currencies a wide berth as stocks markets across Asia fell on persistent worries about Europe's debt crisis.

Published 26 Jun, 2012 12:00am

Indian rupee extends slide

The Indian rupee weakened further on Monday, erasing all of the session's gains and heading towards a record low, as measures to boost the economy and the currency announced by the central bank widely disappointed investors. At 4:26 pm, the partially conv

Published 26 Jun, 2012 12:00am

Sterling nears two-week high versus euro

Sterling hovered near a two-week high against the euro on Monday, as investors expected the ECB would have to ease policy if leaders failed to make significant progress in tackling the euro debt crisis at a summit this week. But gains were limited on spec

Published 26 Jun, 2012 12:00am

Portugal prepare Spain ambush

Having swept past France to reach the Euro 2012 semi-finals, Spain can expect a more exacting ordeal on Wednesday when they face a Portugal team who beat them 4-0 in their last meeting. Spain have largely held the upper hand against their Iberian rivals,

Published 26 Jun, 2012 12:00am

Venus crashes, Djokovic, Sharapova, Federer advance

Five-time Wimbledon champion Venus Williams suffered her worst All England Club defeat in 15 years on Monday, but top seeds Novak Djokovic, and Maria Sharapova powered into the second round. Williams lost 6-1, 6-3 to 79th-ranked Russian Elena Vesnina in w

Published 26 Jun, 2012 12:00am

Pakistan-Australia 'longest' T20 series gets ICC nod

The International Cricket Council (ICC) has approved a six-match Twenty20 series between Pakistan and Australia which is most likely to be played between August 22 and September 10. "If it goes ahead will be the longest bilateral T20 series ever staged by

Published 26 Jun, 2012 12:00am

Italy advance to semis

England's penalty curse struck again here Sunday as Italy advanced to the semi-finals of Euro 2012 with victory in a shoot-out after a tense quarter-final duel finished 0-0 following extra-time. The Italians will face Germany in the semi-finals in Warsaw

Published 26 Jun, 2012 12:00am

Sri Lanka record massive win

Nuwan Kulasekara and Suraj Randiv combined to vanquish Pakistan as Sri Lanka won the first Test by a massive 209 runs on Monday, their biggest win over their Asian rivals. The tourists, set a near impossible victory target of 510, were bowled out for 300

Published 26 Jun, 2012 12:00am

Demarche served on Afghan diplomat

Pakistan on Monday summoned Afghan Deputy Head of Mission to Foreign Office and lodged a protest with him on the intrusion of militants from the Afghan side into Pakistani territory, Foreign Affairs Ministry said. "The Afghan Deputy Head of Mission was ca

Published 26 Jun, 2012 12:00am

Irregularities in promotions surfaced

Irregularities have surfaced in the promotions of Associate Professors (Male & Female BS-19) to the post of Professor (BS-20), sources told Business Recorder. Sources said that according to rules of procedure annual Performance Evaluation Report (P

Published 26 Jun, 2012 12:00am

D G Khan Cement

D G Khan Cement Company Limited (DGKCC) is amongst largest cement manufacturers of Pakistan with a production capacity of 14,000 tons per day (4.2 million tons/annum). The company has three cement plants - two at Dera Ghazi Khan and one at Khairpur Distri

Published 26 Jun, 2012 12:00am

D G Khan Cement

Published 26 Jun, 2012 12:00am

Moody's says India rating stable

Moody's Investors Service on Monday said it was maintaining a stable outlook on India's Baa3 rating as problems such as slower growth and higher inflation were long-standing and already factored into the outlook.

Published 26 Jun, 2012 12:00am

Moody's says India rating stable

Published 26 Jun, 2012 12:00am

Troubled RBS bank hit by severe computer glitch

State-rescued Royal Bank of Scotland battled Monday to repair an already battered reputation as it struggled to fix a week-old computer glitch that has affected millions of customers. Faced with a huge backlog of unprocessed transactions, RBS said "1,200

Published 26 Jun, 2012 12:00am

Japan, Russia agree to support huge gas project

Japan and Russia have agreed to throw their support behind a private-sector project to build a liquefied natural gas plant in Russia's Far East, a Japanese official said Monday. Japanese trade and industry minister Yukio Edano and Russian energy minister

Published 26 Jun, 2012 12:00am

US new home sales race to two-year high

New US single-family home sales surged in May to a two-year high and prices rose from a year ago, further signs the housing market recovery was gaining some momentum. The Commerce Department said on Monday sales jumped 7.6 percent last month to a seasonal

Published 26 Jun, 2012 12:00am

Greece launches drive to win over sceptical lenders

Greece's new leaders announced a trans-Atlantic roadshow on Monday to try to persuade sceptical lenders to give them more time to repay the country's massive debt, as hopes faded for any real progress on the issue at this week's European summit. Unexpecte

Published 26 Jun, 2012 12:00am

Europe's Tower of Babel hampers euro solution

As Europe considers a leap towards closer integration to try to save the euro single currency, it resembles the biblical Tower of Babel - unable to complete an ambitious project because the residents don't speak the same political and economic language.

Published 26 Jun, 2012 12:00am

Swiss central bank in swap deal with Poland

Switzerland's national bank agreed on Monday to a deal with its Polish counterpart to cover any cash shortages in Poland as borrowers face repaying loans in expensive Swiss francs. "The Swiss National Bank (SNB) and National Bank of Poland (NBP) have conc

Published 26 Jun, 2012 12:00am

Swiss central bank in swap deal with Poland

Published 26 Jun, 2012 12:00am

Microsoft buys Internet startup Yammer for $1.2 billion

Microsoft is paying $1.2 billion to buy Yammer, an Internet startup that has built a social network similar to Facebook for the business world. The deal announced Monday comes nearly two weeks after word of Microsoft's negotiations with Yammer first leake

Published 26 Jun, 2012 12:00am

Cyprus joins bailout queue as EU summit doubts grow

Cyprus said on Monday it would seek a European bailout to handle fallout from the Greek crisis, becoming the fifth euro zone country needing rescue funds hours after Spain formally requested help for its banks. Despite the spreading crisis, German Chancel

Published 26 Jun, 2012 12:00am

EU missing overseas aid goals as austerity bites

Aid flows from the European Union dropped last year for the first time in almost a decade as the euro zone crisis led 14 countries to cut financial assistance, anti-poverty group ONE said in a report published on Monday. The aid drop jeopardises the chanc

Published 26 Jun, 2012 12:00am

Controversial US immigration clause allowed to stand

The US Supreme Court struck down most of Arizona's controversial new immigration law on Monday but let stand a key provision allowing officers to do spot checks of people's identity papers. The Arizona law has aroused intense controversy because of a part

Published 26 Jun, 2012 12:00am

Top US court strikes down no-parole for juveniles

Mandatory sentencing of juveniles to life in prison with no chance of parole violates the US constitution's ban on cruel and unusual punishment, the US Supreme Court ruled Monday. In a five-four decision, the nine-judge court ruled in favour of two convic

Published 26 Jun, 2012 12:00am

Syrian general defects to Turkey: report

Another general has fled to Turkey from neighbouring Syria and joined the swelling ranks of rebel soldiers based close to the border, the Anatolia news agency reported on Monday. The defection brought to 13 the number of generals seeking refuge in Turkey

Published 26 Jun, 2012 12:00am

Syrian forces fire at second Turkish plane

Turkey said on Monday Syrian forces had fired towards a Turkish military transport plane involved in a search for an F-4 reconnaissance jet shot down by Syria last week, but the second aircraft was not brought down. Damascus described its shooting down of

Published 26 Jun, 2012 12:00am

Kuwait's cabinet submits resignation

Kuwait's cabinet submitted its resignation to the Gulf state's ruler on Monday in a move some parliamentarians believe could be a first step out of the latest crisis that has stalled legislation and blocked reforms in the major oil producer. The governmen

Published 26 Jun, 2012 12:00am

Egypt stirs Islamist joy, Gulf and Israeli doubts

Egypt's new president may lack real foreign policy clout for now, but the mere fact that a Muslim Brotherhood man is at the helm of the biggest Arab nation will embolden fellow Islamists seeking revolutionary change around the Middle East.

Published 26 Jun, 2012 12:00am

Six Afghan policemen killed

Six police officers were killed when a bomb tore through their vehicle in southern Afghanistan, an official said Monday. The roadside bomb hit a police patrol vehicle in Chora district of Uruzgan province late Sunday, provincial spokesman Abdullah Hemat t

Published 26 Jun, 2012 12:00am

Over 40 Afghan policemen poisoned

More than 40 police officers were poisoned in a police academy in southern Afghanistan on Monday, an official said. "The officers felt headaches and began vomiting after having breakfast in Lashkargah police academy in Helmand province," provincial govern

Published 26 Jun, 2012 12:00am

Iran oil embargo will be enforced on July 1: EU

The European Union confirmed Monday that a ban on oil imports from Iran will go ahead as planned on July 1 due to the lack of progress in talks on Tehran's contested nuclear drive. "The latest package of EU sanctions against Iran will apply as earlier dec

Published 26 Jun, 2012 12:00am

Sri Lanka deploys troops to battle dengue fever

Sri Lanka is deploying 10,000 troops to tackle areas of stagnant water and other mosquito-breeding grounds in an effort to contain the dengue virus, the island's health minister said Monday. Maithripala Sirisena said the troops will join a clean-up operat

Published 26 Jun, 2012 12:00am

Tunisian government split over Libya extradition

Tunisia's president has rebuked his prime minister over the extradition of a close associate of former Libyan leader Muammar Qadhafi, prompting fears of a split in the ruling coalition. The case goes to the heart of the power-sharing agreement in Tunisia'

Published 26 Jun, 2012 12:00am

Iraq curbs media outlets including BBC, VoA

Iraq's Communications and Media Commission has decided to place restrictions on 39 media outlets including the BBC and Voice of America over alleged licence problems, a CMC official said on Monday. But the Journalism Freedoms Observatory (JFO), an Iraqi m

Published 26 Jun, 2012 12:00am

Indian allows use of Iran ships for oil imports

India has allowed state refiners to import Iranian oil, with Tehran arranging shipping and insurance, from July 1, keeping purchases of over 200,000 barrels per day (bpd) flowing after European sanctions hit insurance for the cargoes, government and indus

Published 26 Jun, 2012 12:00am

New York cotton ends mostly higher

Most US cotton contracts finished with healthy gains on Monday, swept up by the rally in Chicago grain markets, with more support from Tropical Storm Debby's heavy rains over Florida, brokers said. July fell hard in minimal volume as the contract enters d

Published 26 Jun, 2012 12:00am

Shanghai copper up

The most-active October copper contract on the Shanghai Futures Exchange rose as much as 0.7 percent to a session high of 54,410 yuan a tonne on Monday, before closing down 0.1 percent at 54,030 yuan, partly weighed down by Chinese equities. It was the fi

Published 26 Jun, 2012 12:00am

Copper slightly up

Copper steadied on Monday, with the euro under pressure on renewed worries about Spain's debt troubles and contagion to other euro zone countries, but further falls were limited by signs of some spot buying from top consumer China.

Published 26 Jun, 2012 12:00am

Oil steadies

Oil steadied on Monday as short-covering countered an easing of concerns that Tropical Storm Debby would batter US production platforms in the Gulf of Mexico and fading hopes that a European summit would produce a viable solution to the region's debt cris

Published 26 Jun, 2012 12:00am

Tokyo rubber up 2.4 percent

Tokyo rubber futures ended Monday 2.4 percent higher on bargain-hunting, paring the previous session's steep fall to a 2-1/2 year low, but the rally looks unsustainable unless renewed optimism over global demand props up equity markets. The most-active To

Published 26 Jun, 2012 12:00am

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Published 26 Jun, 2012 12:00am

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Published 26 Jun, 2012 12:00am

Malaysian palm higher

Malaysian crude palm oil futures closed higher on Monday on hopes demand for the tropical oil would get a boost as dry weather in the United States curbs supply of competing soybean oil. Palm oil futures rose close to 4 percent last week on US weather woe

Published 26 Jun, 2012 12:00am

Sugar and coffee climb

Sugar futures on ICE firmed on Monday, consolidating after the previous session's 5 percent stumble, with some support on delays in shipments in top producer Brazil, while arabica coffee changed direction and climbed nearly 2 percent.

Published 26 Jun, 2012 12:00am

Gold steadies in Asia

Gold prices held steady above $1,571 per ounce on Monday after falling more than 3 percent last week, but a firm US dollar and deflation worries triggered by a global economic slowdown were expected to keep a lid on gains. Inflation fears helped gold stre

Published 26 Jun, 2012 12:00am

Gold holds above $1,570 in European trade

Gold prices held above $1,570 an ounce on Monday, taking a breather after last week's sharp correction as traders took to the sidelines ahead of a European Union summit later in the week, and further economic data from the United States. Spot gold was lit

Published 26 Jun, 2012 12:00am

US MIDDAY: corn surges

US corn futures surged the daily 40-cent limit early on Monday, jumping to their highest since early February, as hot and dry weather in the big US Midwest growing region reduced the outlook for yields. Corn futures for December delivery were headed for t

Published 26 Jun, 2012 12:00am

US MIDDAY: copper soars

London copper rose on Monday for the first time in four days and New York prices also firmed, with sellers silenced at the start of the week by signs of buying in China and improved demand prospects in the United States. Copper pressed higher in healthy v

Published 26 Jun, 2012 12:00am

US MIDDAY: gold rises

Gold rose on Monday, breaking ranks with sharply lower equities and crude oil markets on signs of a worsening euro zone debt crisis as Spain formally requested a financial rescue. The metal spiked higher after sticking to a range in early trading.

Published 26 Jun, 2012 12:00am

Al-Khidmat to build 'Charity Australia Thar Complex'

Al-Khidmat Foundation Pakistan under its remote areas development project has announced that it will build a state of the art "Charity Australia Thar Complex" in Mithi, Tharparkar district to provide educational and healthcare facilities to people.

Published 26 Jun, 2012 12:00am

Cut in gas supply: industrialists, traders concerned at government's proposal

Industrialist and traders have expressed serious concern over government's proposal to suspend gas supply to industries and CNG stations for two days in a week and divert it to Punjab. They also expressed concerns over the proposal of cutting power supply

Published 26 Jun, 2012 12:00am

JDA signed with Oracle UK, SCEL: KESC to set up coal-based mine-mouth plant

Karachi Electric Supply Company (KESC) on Monday signed a Joint Development Agreement (JDA) with Sindh Coal Energy Limited (SCEL) and Oracle Coalfields PLC (Oracle) of UK which is engaged in coal exploration, mining and production, for establishing a coal

Published 26 Jun, 2012 12:00am

JDA signed with Oracle UK, SCEL: KESC to set up coal-based mine-mouth plant

Published 26 Jun, 2012 12:00am

Intel launches third Generation Core Processor

Intel has launched world's most advanced 22nm 3-D tri-gate transistors Ultrabook, powered by 3rd generation Intel Core processors in Pakistan. The new technology is capable to personalise and establish a trusted relation between payments processors, banks

Published 26 Jun, 2012 12:00am

Nawaz to visit Karachi today

Chief of PML-N, Mian Nawaz Sharif would come to Karachi today (Tuesday) on one day visit of Sindh. Many important political personalities are likely to announce their joining to PML-N during the presence of Sharif, Business Recorder learnt here on

Published 26 Jun, 2012 12:00am

PPL set to acquire MND Exploration

Pakistan Petroleum Limited (PPL) has been declared a preferred bidder for 100 percent share purchase of MND Exploration and Production Limited, a document sent to Karachi Stock Exchange (KSE) said here on Monday. PPL's board of directors had already appro

Published 26 Jun, 2012 12:00am

'Autonomous campus schools' to be introduced in Sindh

In a move to improve education system, Sindh government has approved the policy of School Consolidation. Following this, Education and Literacy Department would introduce "financially and administratively autonomous campus schools" in various areas, Bu

Published 26 Jun, 2012 12:00am

KU is being equipped with modern technology: vice chancellor

University of Karachi is being equipped with the modern technology in order to deal with the challenges of this modern world.
Published 26 Jun, 2012 12:00am

Rs 542 billion Sindh budget approved by Sindh Assembly

The Sindh Assembly on Monday passed over Rs 542 billion fiscal budget 2012-13 of the province with a unanimous vote as no cut motions were moved by any member. With Speaker Nisar Khuhro in the chair, the house underwent daylong proceedings to approve the
Published 26 Jun, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Oct 31

277.92

USD PKR Interbank Buying / Oct 31

277.72

USD to Japanese Yen / Oct 31

152.20

USD to Swiss Franc / Oct 31

0.86

Pound Sterling to USD / Oct 31

1.30

Euro to USD / Oct 31

1.09

Stock Volume

S&P 500 / Oct 30

5,813.67

Nasdaq / Oct 30

18,607.93

Dow Jones / Oct 30

42,141.54

India Sensex / Oct 31

79,453.59

Tokyo Nikkei / Oct 31

39,081.25

Hang Seng / Oct 31

20,382.25

FTSE 100 / Oct 31

8,105.12

Germany DAX 30 / Oct 31

19,158.33

Item Value

Karachi Cotton PKR/37.32 KG / Oct 30

18,085

Gold 10 Grams PKR / Oct 30

246,403.40

Crude Oil USD/Barrel / Oct 31

69

Gold Spot USD/Ounce / Oct 31

2,781.74

Cotton US¢/pound / Oct 31

69.77

Petrol/Litre / Nov 1

248.38

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 1

786 Investments Limited(786)

5

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 1

Al-Abbas Sugar Mills Limited(AABS)

585

▼ 0.00 (0.00%)

Agro Allianz / Nov 1

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 1

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 1

Ali Asghar Textile Mills Limited(AATM)

2.07

▼ 0.00 (0.00%)

Allied Bank / Nov 1

Allied Bank Limited(ABL)

87.10

▼ 0.00 (0.00%)

Abbott Lab. / Nov 1

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▼ 0.00 (0.00%)

Abson Ind. / Nov 1

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 1

Alfalah Consumer Index ETF.(ACIETF)

9.84

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 1

786 Investments Limited(786)

5

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 1

Al-Abbas Sugar Mills Limited(AABS)

585

▲ 0.00 (0.00%)

Agro Allianz / Nov 1

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 1

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 1

Ali Asghar Textile Mills Limited(AATM)

2.07

▲ 0.00 (0.00%)

Allied Bank / Nov 1

Allied Bank Limited(ABL)

87.10

▲ 0.00 (0.00%)

Abbott Lab. / Nov 1

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▲ 0.00 (0.00%)

Abson Ind. / Nov 1

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 1

Alfalah Consumer Index ETF.(ACIETF)

9.84

▲ 0.00 (0.00%)

Stock Volume

P.I.A.C.(A) / Nov 1

Pakistan International Airlines Corp(PIAA)

47,200,500

▲ 0.00

Cnergyico PK / Nov 1

Cnergyico PK Limited(CNERGY)

29,719,327

▲ 0.00

Pak Petroleum / Nov 1

Pakistan Petroleum Limited(PPL)

21,170,581

▲ 0.00

Pak Refinery / Nov 1

Pakistan Refinery Limited(PRL)

16,965,134

▲ 0.00

The Searle Co. / Nov 1

The Searle Company Limited(SEARL)

15,793,227

▲ 0.00

P.T.C.L. / Nov 1

Pakistan Telecommunication Company Ltd(PTC)

15,054,641

▲ 0.00

K-Electric Ltd. / Nov 1

K-Electric Limited(KEL)

14,145,556

▲ 0.00

WorldCall Telecom / Nov 1

Worldcall Telecom Limited(WTL)

13,158,668

▲ 0.00

Telecard Limited / Nov 1

Telecard Limited(TELE)

12,358,668

▲ 0.00

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Yesterday

Past 3 Days

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Power generation: Rethink rooftop solar. Now!

PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer

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56 cities: Values of immovable properties revised upward by FBR

Real estate developer Blue World City cleared to bid for PIA, company chairman says

SIFC for sharing 10 investible plans with KSA

Solar showdown: the untold power play behind Pakistan’s energy revolution—I

Currency	Rate
USD PKR Interbank Selling / Oct 31	277.92
USD PKR Interbank Buying / Oct 31	277.72
USD to Japanese Yen / Oct 31	152.20
USD to Swiss Franc / Oct 31	0.86
Pound Sterling to USD / Oct 31	1.30
Euro to USD / Oct 31	1.09

Stock	Volume
S&P 500 / Oct 30	5,813.67
Nasdaq / Oct 30	18,607.93
Dow Jones / Oct 30	42,141.54
India Sensex / Oct 31	79,453.59
Tokyo Nikkei / Oct 31	39,081.25
Hang Seng / Oct 31	20,382.25
FTSE 100 / Oct 31	8,105.12
Germany DAX 30 / Oct 31	19,158.33

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Crude Oil USD/Barrel / Oct 31	69
Gold Spot USD/Ounce / Oct 31	2,781.74
Cotton US¢/pound / Oct 31	69.77
Petrol/Litre / Nov 1	248.38

Stock	Price
786 Invest Ltd / Nov 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00