News Archives for Print - 2012-08-30

US treasuries bid yields

US treasuries bid yields on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

New UAE fund rules worry Gulf asset managers

By introducing new rules on the sale of foreign funds, the United Arab Emirates aims to shield its investors from losses as global markets struggle. But the country risks damaging its role as a hub for asset management in the region.

Published 30 Aug, 2012 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

New UAE fund rules worry Gulf asset managers

By introducing new rules on the sale of foreign funds, the United Arab Emirates aims to shield its investors from losses as global markets struggle. But the country risks damaging its role as a hub for asset management in the region.

Published 30 Aug, 2012 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

Creation of new provinces: Punjab Assembly passes resolution against commission

Punjab Assembly in its 40th session on Wednesday passed a resolution against formation of a commission by federal government for creation of new provinces. The resolution asked for formation of a new national commission for the purpose of forming new prov

Published 30 Aug, 2012 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

Creation of new provinces: Punjab Assembly passes resolution against commission

Punjab Assembly in its 40th session on Wednesday passed a resolution against formation of a commission by federal government for creation of new provinces. The resolution asked for formation of a new national commission for the purpose of forming new prov

Published 30 Aug, 2012 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

Venice film festival kicks off with clash of civilisations

The Venice film festival kicked off on Wednesday with the arrival of stars on water taxis for an art house dominated line-up dealing with issues from religious extremism to economic crisis. First up at the world's oldest film festival was the showing of M

Published 30 Aug, 2012 12:00am

Currency values in terms of Special Drawing Rights

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

Published 30 Aug, 2012 12:00am

Venice film festival kicks off with clash of civilisations

The Venice film festival kicked off on Wednesday with the arrival of stars on water taxis for an art house dominated line-up dealing with issues from religious extremism to economic crisis. First up at the world's oldest film festival was the showing of M

Published 30 Aug, 2012 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

LPG price may go up by Rs 19 per kg

The price of liquefied petroleum gas (LPG) is expected to increase by Rs 19 per kilogram following an increase in the international Saudi Aramco Contract Price. According to market sources, the price of the commodity in the international market has been i

Published 30 Aug, 2012 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

LPG price may go up by Rs 19 per kg

The price of liquefied petroleum gas (LPG) is expected to increase by Rs 19 per kilogram following an increase in the international Saudi Aramco Contract Price. According to market sources, the price of the commodity in the international market has been i

Published 30 Aug, 2012 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

LPG price may go up by Rs 19 per kg

The price of liquefied petroleum gas (LPG) is expected to increase by Rs 19 per kilogram following an increase in the international Saudi Aramco Contract Price. According to market sources, the price of the commodity in the international market has been i

Published 30 Aug, 2012 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

Ephedrine case: LHC reserves verdict in Musa, Makhdoom's bail pleas

Lahore High Court (LHC) on Wednesday reserved its verdict in a petition filed by Ali Musa Gilani, the son of former Prime Minister Yousuf Raza Gilani, and Makhdoom Shahabuddin, the Pakistan People's Party leader, seeking bail in Ephedrine case. The Rawalp

Published 30 Aug, 2012 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

Ephedrine case: LHC reserves verdict in Musa, Makhdoom's bail pleas

Lahore High Court (LHC) on Wednesday reserved its verdict in a petition filed by Ali Musa Gilani, the son of former Prime Minister Yousuf Raza Gilani, and Makhdoom Shahabuddin, the Pakistan People's Party leader, seeking bail in Ephedrine case. The Rawalp

Published 30 Aug, 2012 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

President summons National Assembly, Senate sessions on September 3

President Asif Ali Zardari has summoned the sessions of the National Assembly and Senate separately on Monday (September 3) in the Parliament Building. Both the sessions of the Parliament would be held in the afternoon at 5:00 pm. It would be 45th session

Published 30 Aug, 2012 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

President summons National Assembly, Senate sessions on September 3

President Asif Ali Zardari has summoned the sessions of the National Assembly and Senate separately on Monday (September 3) in the Parliament Building. Both the sessions of the Parliament would be held in the afternoon at 5:00 pm. It would be 45th session

Published 30 Aug, 2012 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

Bomb attack on train kills two

Two people were killed and a further 10 injured when a bomb exploded on railway tracks early Wednesday, police officials said. The explosion, which caused two of the train's cars to derail, occurred in the town of Thul at around 2:00 am, police official M

Published 30 Aug, 2012 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

ISE index drops by 33.85 points

Bears dominated the proceedings on the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 33.85 points as the ISE Ten Index moved from 3,103.73 to 3,069.88

Published 30 Aug, 2012 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

ISE index drops by 33.85 points

Bears dominated the proceedings on the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 33.85 points as the ISE Ten Index moved from 3,103.73 to 3,069.88

Published 30 Aug, 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 (August 29, 2012).

Published 30 Aug, 2012 12:00am

LSE index sheds 33.62 points

Bearish sentiments prevailed on the Lahore Stock Exchange (LSE) on Wednesday and the equities registered declines amid descending transaction volume on account of lacking interest on the part of investors. The LSE-25 index lost 33.62 points and was closed

Published 30 Aug, 2012 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

LSE index sheds 33.62 points

Bearish sentiments prevailed on the Lahore Stock Exchange (LSE) on Wednesday and the equities registered declines amid descending transaction volume on account of lacking interest on the part of investors. The LSE-25 index lost 33.62 points and was closed

Published 30 Aug, 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 30 Aug, 2012 12:00am

BRIndex30 down by 83.35 points

On Wednesday, BRIndex30 opened at 10,772.35. It touched an intraday high of 10,791.95 and an intraday low of 10,671.42 and closed at 10,689.00 which was -83.35 points or -0.77 percent lower than previous close. Total volume was 141,235,300, which was 69.3

Published 30 Aug, 2012 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 30 Aug, 2012 12:00am

BRIndex30 down by 83.35 points

On Wednesday, BRIndex30 opened at 10,772.35. It touched an intraday high of 10,791.95 and an intraday low of 10,671.42 and closed at 10,689.00 which was -83.35 points or -0.77 percent lower than previous close. Total volume was 141,235,300, which was 69.3

Published 30 Aug, 2012 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (August 29, 2012).

Published 30 Aug, 2012 12:00am

Index loses 83.17 points

The KSE-100 index on Wednesday declined by 83.17 points to close at 15,151.31 points as the investors opted for profit taking on available margins. During the session the market witnessed a mixed trend with the index oscillating between 15,255.82 points i

Published 30 Aug, 2012 12:00am

New York cotton

The fluctuations observed during the day:

Published 30 Aug, 2012 12:00am

Index loses 83.17 points

The KSE-100 index on Wednesday declined by 83.17 points to close at 15,151.31 points as the investors opted for profit taking on available margins. During the session the market witnessed a mixed trend with the index oscillating between 15,255.82 points i

Published 30 Aug, 2012 12:00am

New York cotton

The fluctuations observed during the day:

Published 30 Aug, 2012 12:00am

Index loses 83.17 points

The KSE-100 index on Wednesday declined by 83.17 points to close at 15,151.31 points as the investors opted for profit taking on available margins. During the session the market witnessed a mixed trend with the index oscillating between 15,255.82 points i

Published 30 Aug, 2012 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 30 Aug, 2012 12:00am

Malik Riaz case adjourned till September 17

Supreme Court on Wednesday sought a list of witnesses and evidence within three days from petitioners and Attorney General for Pakistan (AGP) in a contempt of court case against real estate tycoon Malik Riaz Hussain, who has been accused of ridiculing hig

Published 30 Aug, 2012 12:00am

Main Gate/Main Boulevard

Dream Gardens 130 ft Main Boulevard is connected with main Defence Road, which is not only functional for the flow of traffic and wide entrance to the 4000 kanals scheme but it is also significant for the new phases and boulevards.

Published 30 Aug, 2012 12:00am

Malik Riaz case adjourned till September 17

Supreme Court on Wednesday sought a list of witnesses and evidence within three days from petitioners and Attorney General for Pakistan (AGP) in a contempt of court case against real estate tycoon Malik Riaz Hussain, who has been accused of ridiculing hig

Published 30 Aug, 2012 12:00am

Vietnamese coffee prices range-bound

Vietnamese coffee prices stayed within a range of 40,400-42,000 dong ($1.94-$2.01) per kg on Tuesday as exporters refrained from making any new deals due to thin stocks, traders said. Trading was also slow because London's financial markets were closed on

Published 30 Aug, 2012 12:00am

Alleged tax evasion: PTA told to bar telecom companies from participating in bidding

Senate Sub-Committee on Ministry of Information Technology (MoIT) here on Wednesday directed Pakistan Telecom Authority (PTA) to bar all the telecommunication companies allegedly involved in tax evasion of Rs 47 billion not to participate in the bidding o

Published 30 Aug, 2012 12:00am

'Surge in global soyabean prices not yet over'

Global soyabean prices have still not exhausted their upward potential following new highs because supply shortages mean demand will be squeezed in coming months, Hamburg-based oilseeds analysts Oil World said on Tuesday. US soyabeans hit new contract hig

Published 30 Aug, 2012 12:00am

Alleged tax evasion: PTA told to bar telecom companies from participating in bidding

Senate Sub-Committee on Ministry of Information Technology (MoIT) here on Wednesday directed Pakistan Telecom Authority (PTA) to bar all the telecommunication companies allegedly involved in tax evasion of Rs 47 billion not to participate in the bidding o

Published 30 Aug, 2012 12:00am

Drought-hit Russian grain yields down 27 percent

Drought-hit Russian grain quality has fallen sharply, with yields from the key global wheat supplier's current harvest down 27 percent from last year to 1.92 tonnes per hectare as of Tuesday, the country's Agriculture Ministry said.

Published 30 Aug, 2012 12:00am

Alleged tax evasion: PTA told to bar telecom companies from participating in bidding

Senate Sub-Committee on Ministry of Information Technology (MoIT) here on Wednesday directed Pakistan Telecom Authority (PTA) to bar all the telecommunication companies allegedly involved in tax evasion of Rs 47 billion not to participate in the bidding o

Published 30 Aug, 2012 12:00am

Kenya cuts output forecast for wheat crop

Kenya has cut the output forecast of its main wheat crop season by more than a third due to late planting and delayed buying of fertiliser, the Agriculture ministry said. East Africa's biggest economy imports about two-thirds of its wheat needs, but trade

Published 30 Aug, 2012 12:00am

Alleged tax evasion: PTA told to bar telecom companies from participating in bidding

Senate Sub-Committee on Ministry of Information Technology (MoIT) here on Wednesday directed Pakistan Telecom Authority (PTA) to bar all the telecommunication companies allegedly involved in tax evasion of Rs 47 billion not to participate in the bidding o

Published 30 Aug, 2012 12:00am

Indian soyabean ends up; sugar, spices fall

India's soyabean futures rose on Wednesday, tracking a rise in the world market, though higher area under cultivation weighed on sentiment. Soyaoil futures, however, edged down on weak demand and on a drop in Malaysian palm oil prices, while rapeseed inch

Published 30 Aug, 2012 12:00am

Missing Nato containers: NAB asked to produce details about issuance of CBCs

Resuming the hearing of third fortnightly progress report of missing Nato containers, Supreme Court Wednesday asked National Accountability Bureau (NAB) to produce all the details pertaining to issuance of Cross Border Certificates (CBCs) by Thursday (tod

Published 30 Aug, 2012 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 99,302 tonnes of cargo comprising 75,141 tonnes of import cargo and 24,161 tonnes of export cargo including 924 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 75,141 tonn

Published 30 Aug, 2012 12:00am

Missing Nato containers: NAB asked to produce details about issuance of CBCs

Resuming the hearing of third fortnightly progress report of missing Nato containers, Supreme Court Wednesday asked National Accountability Bureau (NAB) to produce all the details pertaining to issuance of Cross Border Certificates (CBCs) by Thursday (tod

Published 30 Aug, 2012 12:00am

Oil cake market rates

Downward trend was seen on the forward cottonseeds oilcake market on Wednesday in process of trading, dealers said. The December vaida closed at Rs 448.00 and opened with 50 paisa loss at Rs 447.50 in process of trading, they said. The January contract en

Published 30 Aug, 2012 12:00am

Missing Nato containers: NAB asked to produce details about issuance of CBCs

Resuming the hearing of third fortnightly progress report of missing Nato containers, Supreme Court Wednesday asked National Accountability Bureau (NAB) to produce all the details pertaining to issuance of Cross Border Certificates (CBCs) by Thursday (tod

Published 30 Aug, 2012 12:00am

Easier trend witnessed on cotton market

Downward trend persisted on the cotton market on Wednesday despite sporadic rains in Sindh, dealers said. Official spot rate continued slide, shedding further Rs 50 to Rs 5750, they said. In the ready business, nearly 9,000 bales of cotton changed hands b

Published 30 Aug, 2012 12:00am

IPPs demand payments from NTDC as per Supreme Court''s directives

The eight Independent Power Producers (IPPs), which obtained relief from the Supreme Court of Pakistan after the government had failed to honour its sovereign guarantees, have asked the National Transmission and Dispatch Company (NTDC) to make payments as

Published 30 Aug, 2012 12:00am

US Midwest bids for corn firm, soya weak

Spot cash basis bids for corn firmed in a few locations in the interior US Midwest on Tuesday as buyers tried to entice farmers to sell while waiting for the corn harvest to pick up speed, dealers said. The spot corn basis rose by 10 cents at a processing

Published 30 Aug, 2012 12:00am

IPPs demand payments from NTDC as per Supreme Court's directives

The eight Independent Power Producers (IPPs), which obtained relief from the Supreme Court of Pakistan after the government had failed to honour its sovereign guarantees, have asked the National Transmission and Dispatch Company (NTDC) to make payments as

Published 30 Aug, 2012 12:00am

Bullish trend persists on grain market

Makai and Juwar went up on the wholesale grain market on Wednesday in process of trading, dealers said. On the cereals side, Makai was higher by Rs 75 to Rs 2675-2700, Juwar followed same pattern, gaining Rs 200 to Rs 2400-2500, Masoor Dall Canada best ty

Published 30 Aug, 2012 12:00am

IPPs demand payments from NTDC as per Supreme Court's directives

The eight Independent Power Producers (IPPs), which obtained relief from the Supreme Court of Pakistan after the government had failed to honour its sovereign guarantees, have asked the National Transmission and Dispatch Company (NTDC) to make payments as

Published 30 Aug, 2012 12:00am

South Africa seeks mine peace, wage deal may be elusive

Feuding South African unions, platinum producer Lonmin and government officials tried on Wednesday to broker a peace accord at a mine where 44 people were killed in the worst such violence since the end of apartheid. They also want to use the meeting to s

Published 30 Aug, 2012 12:00am

Less than two months of fiscal year 2013: power sector subsidies cross Rs 50 billion mark

The country''s economic managers have started showing uneasiness over the fiscal consequences of the phenomenal increase in power sector subsidies, which crossed Rs 50 billion mark in the first two months of the current fiscal year against Rs 134 billion

Published 30 Aug, 2012 12:00am

As economy slows, China seeks subtler monetary tools

China's central bank is experimenting with more delicate tools to support bank liquidity and lending, showing an apparent reluctance to resort to blunter monetary policy instruments such as cutting the amount of cash banks must hold as reserves despite ab

Published 30 Aug, 2012 12:00am

Less than two months of fiscal year 2013: power sector subsidies cross Rs 50 billion mark

The country's economic managers have started showing uneasiness over the fiscal consequences of the phenomenal increase in power sector subsidies, which crossed Rs 50 billion mark in the first two months of the current fiscal year against Rs 134 billion b

Published 30 Aug, 2012 12:00am

Heinz profit up; emerging markets sales rise

H.J. Heinz Co reported a higher-than-expected quarterly profit on Wednesday, the day after the ketchup maker said earnings would exceed Wall Street estimates, as it benefited from growth in emerging markets and improving results in the United States and A

Published 30 Aug, 2012 12:00am

Less than two months of fiscal year 2013: power sector subsidies cross Rs 50 billion mark

The country's economic managers have started showing uneasiness over the fiscal consequences of the phenomenal increase in power sector subsidies, which crossed Rs 50 billion mark in the first two months of the current fiscal year against Rs 134 billion b

Published 30 Aug, 2012 12:00am

Heinz profit up; emerging markets sales rise

H.J. Heinz Co reported a higher-than-expected quarterly profit on Wednesday, the day after the ketchup maker said earnings would exceed Wall Street estimates, as it benefited from growth in emerging markets and improving results in the United States and A

Published 30 Aug, 2012 12:00am

Nine soldiers, 10 militants killed in clashes

At least nine soldiers and 10 militants were killed in overnight clashes in South Waziristan, officials said on Wednesday. The fighting started when suspected Taliban rebels attacked an army post in the Badar area of South Waziristan. "We killed 10 milita

Published 30 Aug, 2012 12:00am

Tiffany expects pressure on profit to ease

Tiffany & Co cut its sales and earnings forecasts on Monday for the second straight quarter, citing a tough global economy and muted expectations for the holiday season, but the prospect of improving profit margins later in the year comforted investors.

Published 30 Aug, 2012 12:00am

Nine soldiers, 10 militants killed in clashes

At least nine soldiers and 10 militants were killed in overnight clashes in South Waziristan, officials said on Wednesday. The fighting started when suspected Taliban rebels attacked an army post in the Badar area of South Waziristan. "We killed 10 milita

Published 30 Aug, 2012 12:00am

Tiffany expects pressure on profit to ease

Tiffany & Co cut its sales and earnings forecasts on Monday for the second straight quarter, citing a tough global economy and muted expectations for the holiday season, but the prospect of improving profit margins later in the year comforted investors.

Published 30 Aug, 2012 12:00am

Government likely to raise prices of CNG, POL products

The government is likely to increase Petroleum, Oil, Lubricant (POL) products prices by up to Rs 8 per litre and CNG by Rs 6 per kg, it has been learnt. According to Petroleum Ministry officials, the POL prices are expected to soar in the country, followi

Published 30 Aug, 2012 12:00am

US industrials, telecoms to face off in home automation

Ingersoll Rand Plc Chief Technology Officer Paul Camuti works for one of the world's largest maker of home locks and yet he has no idea where his house keys are. That's because Camuti uses his smartphone to unlock his front door.

Published 30 Aug, 2012 12:00am

Government likely to raise prices of CNG, POL products

The government is likely to increase Petroleum, Oil, Lubricant (POL) products prices by up to Rs 8 per litre and CNG by Rs 6 per kg, it has been learnt. According to Petroleum Ministry officials, the POL prices are expected to soar in the country, followi

Published 30 Aug, 2012 12:00am

Brazil's economy to get welcome boost from farm sector

After a tough first quarter, Brazilian farmers are injecting life back into a stagnant economy at a time when manufacturers and consumers are retrenching. Agriculture has long been known as the green anchor of Brazil's economy, now the world's sixth-large

Published 30 Aug, 2012 12:00am

Government likely to raise prices of CNG, POL products

The government is likely to increase Petroleum, Oil, Lubricant (POL) products prices by up to Rs 8 per litre and CNG by Rs 6 per kg, it has been learnt. According to Petroleum Ministry officials, the POL prices are expected to soar in the country, followi

Published 30 Aug, 2012 12:00am

Brazil's economy to get welcome boost from farm sector

After a tough first quarter, Brazilian farmers are injecting life back into a stagnant economy at a time when manufacturers and consumers are retrenching. Agriculture has long been known as the green anchor of Brazil's economy, now the world's sixth-large

Published 30 Aug, 2012 12:00am

Rains likely to hit Karachi

The Met office on Wednesday said that thunderstorm/rains are likely to hit Karachi, Hyderabad and Mirpurkhas in the next 24 hours. In the fresh marine weather forecast, the Met office said thunderstorm/rains are likely to occur at scattered places in Kara

Published 30 Aug, 2012 12:00am

British government rules out Heathrow expansion

Britain's Deputy Prime Minister Nick Clegg on Tuesday ruled out the possibility of the government supporting a third runway at London's Heathrow airport, one of the busiest air hubs in the world. Clegg said ministers would stick to the agreement struck wh

Published 30 Aug, 2012 12:00am

Rains likely to hit Karachi

The Met office on Wednesday said that thunderstorm/rains are likely to hit Karachi, Hyderabad and Mirpurkhas in the next 24 hours. In the fresh marine weather forecast, the Met office said thunderstorm/rains are likely to occur at scattered places in Kara

Published 30 Aug, 2012 12:00am

China may launch income distribution reform in October

China is likely to unveil long-awaited income distribution reform in October and is now seeking opinions from ministers and top leaders, the official Economic Information Daily reported on Monday. The National Development and Reform Commission (NDRC), the

Published 30 Aug, 2012 12:00am

G7 urges higher oil output, warns on reserves

Finance ministers of the Group of Seven most industrialised nations urged oil-producing countries on Tuesday to raise output to ensure the market is well supplied, while warning that the West was ready to tap strategic oil reserves to offset rising prices

Published 30 Aug, 2012 12:00am

Chances of Fed QE3 in September seen at 45 percent

Most economists do not expect the Federal Reserve to agree on a new round of bond purchases at its September meeting, a Reuters poll showed on Friday. The poll of 61 economists gave a 45 percent chance of the Fed announcing a third round of quantitative e

Published 30 Aug, 2012 12:00am

G7 urges higher oil output, warns on reserves

Finance ministers of the Group of Seven most industrialised nations urged oil-producing countries on Tuesday to raise output to ensure the market is well supplied, while warning that the West was ready to tap strategic oil reserves to offset rising prices

Published 30 Aug, 2012 12:00am

US government mandate or no, fuel ethanol is here to stay

For the past five years, the US government has paid fuel companies billions of dollars in subsidies to buy home-grown, corn-based ethanol, making it a viable part of the nation's gasoline supply. Now you would have to pay them not to buy it. The worst dro

Published 30 Aug, 2012 12:00am

G7 urges higher oil output, warns on reserves

Finance ministers of the Group of Seven most industrialised nations urged oil-producing countries on Tuesday to raise output to ensure the market is well supplied, while warning that the West was ready to tap strategic oil reserves to offset rising prices

Published 30 Aug, 2012 12:00am

Fed's Evans buy bonds until US jobless rate falls

The US Federal Reserve should launch a fresh round of monetary stimulus immediately, buying bonds for as long as it takes to produce a steady decline in the jobless rate, a top Fed official said on Monday. Without a change in policy, the unemployment rate

Published 30 Aug, 2012 12:00am

Citigroup to pay $590 million to settle investor suit

Citigroup said Friday it had agreed to pay $590 million to settle a suit by investors who accused the bank of misleading them on its mortgage-based security losses in 2007-2008. The agreement settled the four-year-old class-action suit that arose from US

Published 30 Aug, 2012 12:00am

Fed's Evans buy bonds until US jobless rate falls

The US Federal Reserve should launch a fresh round of monetary stimulus immediately, buying bonds for as long as it takes to produce a steady decline in the jobless rate, a top Fed official said on Monday. Without a change in policy, the unemployment rate

Published 30 Aug, 2012 12:00am

Citigroup to pay $590 million to settle investor suit

Citigroup said Friday it had agreed to pay $590 million to settle a suit by investors who accused the bank of misleading them on its mortgage-based security losses in 2007-2008. The agreement settled the four-year-old class-action suit that arose from US

Published 30 Aug, 2012 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 23	248.38
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Diesel/Litre / Nov 23	255.14

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 23 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 23 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 23 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 23 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 23 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 23 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
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PIA Holding Co.Ltd / Nov 23 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 23 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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