News Archives for Print - 2012-09-10

FX and Gold weekly outlook September 10-14: One of the most important weeks of year

It may be a very choppy week for the US dollar bulls, but it certainly proved to be a boon for holders of gold, European bond, currencies and for most of stock markets around the world.

Published 10 Sep, 2012 12:00am

FX and Gold weekly outlook September 10-14: One of the most important weeks of year

It may be a very choppy week for the US dollar bulls, but it certainly proved to be a boon for holders of gold, European bond, currencies and for most of stock markets around the world.

Published 10 Sep, 2012 12:00am

FX and Gold weekly outlook September 10-14: One of the most important weeks of year

It may be a very choppy week for the US dollar bulls, but it certainly proved to be a boon for holders of gold, European bond, currencies and for most of stock markets around the world.

Published 10 Sep, 2012 12:00am

Cabinet refuses to approve Rs 13.6 billion railway project

The federal Cabinet has reportedly refused to approve Rs13.6 billion Railways track doubling project worth Rs13.6 billion supposedly being awarded to a Chinese company Covec without tendering process on the recommendation of Special Presidential Envoy to

Published 10 Sep, 2012 12:00am

Cabinet refuses to approve Rs 13.6 billion railway project

The federal Cabinet has reportedly refused to approve Rs13.6 billion Railways track doubling project worth Rs13.6 billion supposedly being awarded to a Chinese company Covec without tendering process on the recommendation of Special Presidential Envoy to

Published 10 Sep, 2012 12:00am

Cabinet refuses to approve Rs 13.6 billion railway project

The federal Cabinet has reportedly refused to approve Rs13.6 billion Railways track doubling project worth Rs13.6 billion supposedly being awarded to a Chinese company Covec without tendering process on the recommendation of Special Presidential Envoy to

Published 10 Sep, 2012 12:00am

Diesel prices up; petrol, CNG rates reduced

The government on Sunday increased the price of high-speed diesel (HSD) by Rs3.39 per litre, kerosene oil by Rs1.85 per litre, High Octane Blending Component (HOBC) by Rs3.27 per litre and Light Speed Diesel by 87 paisa per litre as well as it reduced the

Published 10 Sep, 2012 12:00am

Diesel prices up; petrol, CNG rates reduced

The government on Sunday increased the price of high-speed diesel (HSD) by Rs3.39 per litre, kerosene oil by Rs1.85 per litre, High Octane Blending Component (HOBC) by Rs3.27 per litre and Light Speed Diesel by 87 paisa per litre as well as it reduced the

Published 10 Sep, 2012 12:00am

Diesel prices up; petrol, CNG rates reduced

The government on Sunday increased the price of high-speed diesel (HSD) by Rs3.39 per litre, kerosene oil by Rs1.85 per litre, High Octane Blending Component (HOBC) by Rs3.27 per litre and Light Speed Diesel by 87 paisa per litre as well as it reduced the

Published 10 Sep, 2012 12:00am

Rupee gains

On the back of rising trend in inflows, the rupee recovered moderately against the dollar on the currency market during the week, ended on September 7. In the inter-bank market, the rupee posted fresh gain of 16-paisa in relation to the dollar for buying

Published 10 Sep, 2012 12:00am

Rupee gains

On the back of rising trend in inflows, the rupee recovered moderately against the dollar on the currency market during the week, ended on September 7. In the inter-bank market, the rupee posted fresh gain of 16-paisa in relation to the dollar for buying

Published 10 Sep, 2012 12:00am

India wants stable Pakistan, says Krishna

Indian Foreign Minister S M Krishna here on Sunday termed his visit to Pakistan as fruitful and said: "India wants a stable and peaceful Pakistan as its neighbour".S M Krishna arrived here on Sunday to wrap up his three-day official visit to Pakistan. Dur

Published 10 Sep, 2012 12:00am

India wants stable Pakistan, says Krishna

Indian Foreign Minister S M Krishna here on Sunday termed his visit to Pakistan as fruitful and said: "India wants a stable and peaceful Pakistan as its neighbour".S M Krishna arrived here on Sunday to wrap up his three-day official visit to Pakistan. Dur

Published 10 Sep, 2012 12:00am

New visa rules will improve Indo-Pak ties: Shahbaz

The new liberalised visa rules between India and Pakistan would help bring people of the two countries closer to each other. This was stated by Punjab Chief Minister Shahbaz Sharif while talking to the visiting Indian Foreign Minister S M Krishna who call

Published 10 Sep, 2012 12:00am

New visa rules will improve Indo-Pak ties: Shahbaz

The new liberalised visa rules between India and Pakistan would help bring people of the two countries closer to each other. This was stated by Punjab Chief Minister Shahbaz Sharif while talking to the visiting Indian Foreign Minister S M Krishna who call

Published 10 Sep, 2012 12:00am

36 die as rains wreak havoc across country

At least 36 persons were reported killed in rain-related incidents in various areas of Sindh, Punjab and Khyber-Pakhtunkhwa on Sunday. A number of electrocution and house collapse were also reported from various areas. Low-lying areas in Sindh and Punjab

Published 10 Sep, 2012 12:00am

36 die as rains wreak havoc across country

At least 36 persons were reported killed in rain-related incidents in various areas of Sindh, Punjab and Khyber-Pakhtunkhwa on Sunday. A number of electrocution and house collapse were also reported from various areas. Low-lying areas in Sindh and Punjab

Published 10 Sep, 2012 12:00am

Flash floods likely in Sindh, Balochistan and Punjab today

In a severe weather advisory Met Office said on Sunday that heavy rain would cause urban/flash floods in Sukkur, Larkana , Mirpurkhas, Hyderabad, Quetta, Kalat, Zhob, Sibi, Naseerabad, D G Khan, Bahawalpur and Multan divisions on Monday (today).

Published 10 Sep, 2012 12:00am

Flash floods likely in Sindh, Balochistan and Punjab today

In a severe weather advisory Met Office said on Sunday that heavy rain would cause urban/flash floods in Sukkur, Larkana , Mirpurkhas, Hyderabad, Quetta, Kalat, Zhob, Sibi, Naseerabad, D G Khan, Bahawalpur and Multan divisions on Monday (today).

Published 10 Sep, 2012 12:00am

Profit-taking amid reduced trading

Local investors opted for profit-taking during the outgoing week ended on September 7 and the benchmark KSE-100 index declined by 137.62 points on week-on-week basis to close at 15,253.96 points. Foreign investors' interest, however, continued and they re

Published 10 Sep, 2012 12:00am

Profit-taking amid reduced trading

Local investors opted for profit-taking during the outgoing week ended on September 7 and the benchmark KSE-100 index declined by 137.62 points on week-on-week basis to close at 15,253.96 points. Foreign investors' interest, however, continued and they re

Published 10 Sep, 2012 12:00am

Profit-taking amid reduced trading

Local investors opted for profit-taking during the outgoing week ended on September 7 and the benchmark KSE-100 index declined by 137.62 points on week-on-week basis to close at 15,253.96 points. Foreign investors'' interest, however, continued and they r

Published 10 Sep, 2012 12:00am

Future spreads increase by 216 basis points

The future spreads increased by 216 basis points on week-on-week basis to 11.94 percent from last week's 9.77 percent. Trading activities at the futures counter decreased during the week, as average daily volumes declined by 37.9 percent on week-on-week b

Published 10 Sep, 2012 12:00am

Future spreads increase by 216 basis points

The future spreads increased by 216 basis points on week-on-week basis to 11.94 percent from last week's 9.77 percent. Trading activities at the futures counter decreased during the week, as average daily volumes declined by 37.9 percent on week-on-week b

Published 10 Sep, 2012 12:00am

Future spreads increase by 216 basis points

The future spreads increased by 216 basis points on week-on-week basis to 11.94 percent from last week''s 9.77 percent. Trading activities at the futures counter decreased during the week, as average daily volumes declined by 37.9 percent on week-on-week

Published 10 Sep, 2012 12:00am

Future spreads increase by 216 basis points

The future spreads increased by 216 basis points on week-on-week basis to 11.94 percent from last week''''s 9.77 percent. Trading activities at the futures counter decreased during the week, as average daily volumes declined by 37.9 percent on week-on-wee

Published 10 Sep, 2012 12:00am

Enforced disappearances: UN team arrives

On the invitation of the government, a team of United Nations (UN) Working Group on Enforced or Involuntary Disappearances has arrived in Pakistan to evaluate the missing persons' issues. The UN team would visit all provincial headquarters to meet familie

Published 10 Sep, 2012 12:00am

Enforced disappearances: UN team arrives

On the invitation of the government, a team of United Nations (UN) Working Group on Enforced or Involuntary Disappearances has arrived in Pakistan to evaluate the missing persons' issues. The UN team would visit all provincial headquarters to meet familie

Published 10 Sep, 2012 12:00am

Asia-Pacific nations pledge growth, fret over economy

Asia-Pacific nations including China, the United States and Japan promised measures to boost growth on Sunday and rejected limits on food exports to try to revive the flagging global economy. Countries on the Pacific Rim ended a two-day summit on an islan

Published 10 Sep, 2012 12:00am

Asia-Pacific nations pledge growth, fret over economy

Asia-Pacific nations including China, the United States and Japan promised measures to boost growth on Sunday and rejected limits on food exports to try to revive the flagging global economy. Countries on the Pacific Rim ended a two-day summit on an islan

Published 10 Sep, 2012 12:00am

Asia-Pacific nations pledge growth, fret over economy

Asia-Pacific nations including China, the United States and Japan promised measures to boost growth on Sunday and rejected limits on food exports to try to revive the flagging global economy. Countries on the Pacific Rim ended a two-day summit on an islan

Published 10 Sep, 2012 12:00am

Explosions kill 74 in Iraq; French consulate hit

A wave of more than 25 attacks across Iraq killed 74 people and wounded more than 350 on Saturday and Sunday, security and medical sources said, with the security forces and markets among the targets. The latest violence brings the number of people killed

Published 10 Sep, 2012 12:00am

Explosions kill 74 in Iraq; French consulate hit

A wave of more than 25 attacks across Iraq killed 74 people and wounded more than 350 on Saturday and Sunday, security and medical sources said, with the security forces and markets among the targets. The latest violence brings the number of people killed

Published 10 Sep, 2012 12:00am

India launches 100th space mission

India successfully launched on Sunday its 100th space mission, carrying two foreign satellites, from the spaceport of Sri Harikota in the southern state of Andhra Pradesh. Indian Prime Minister Manmohan Singh witnessed the historic launch by the state-own

Published 10 Sep, 2012 12:00am

India launches 100th space mission

India successfully launched on Sunday its 100th space mission, carrying two foreign satellites, from the spaceport of Sri Harikota in the southern state of Andhra Pradesh. Indian Prime Minister Manmohan Singh witnessed the historic launch by the state-own

Published 10 Sep, 2012 12:00am

Iraq's fugitive vice president sentenced to death

Iraq's fugitive Vice President Tareq al-Hashemi, a top critic of Prime Minister Nuri al-Maliki, was convicted of murder Sunday and sentenced to death by hanging, in a decision likely to renew political tensions. Hashemi, tried in absentia, has dismissed a

Published 10 Sep, 2012 12:00am

Iraq's fugitive vice president sentenced to death

Iraq's fugitive Vice President Tareq al-Hashemi, a top critic of Prime Minister Nuri al-Maliki, was convicted of murder Sunday and sentenced to death by hanging, in a decision likely to renew political tensions. Hashemi, tried in absentia, has dismissed a

Published 10 Sep, 2012 12:00am

Hollande outlines sweeping new taxes for recovery

France's Socialist President Francois Hollande Sunday pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years and rejected criticism of dragging his feet.

Published 10 Sep, 2012 12:00am

Hollande outlines sweeping new taxes for recovery

France's Socialist President Francois Hollande Sunday pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years and rejected criticism of dragging his feet.

Published 10 Sep, 2012 12:00am

Hollande outlines sweeping new taxes for recovery

France''s Socialist President Francois Hollande Sunday pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years and rejected criticism of dragging his feet.

Published 10 Sep, 2012 12:00am

Egypt's Tantawi, deputy may face legal action

Thirty complaints have been filed against Field Marshal Hussein Tantawi, former head of Egypt's army, and his deputy General Sami Anan, for suppressing last year's popular uprising, a judicial source said Sunday. Anan is also the subject of an additional

Published 10 Sep, 2012 12:00am

Egypt's Tantawi, deputy may face legal action

Thirty complaints have been filed against Field Marshal Hussein Tantawi, former head of Egypt's army, and his deputy General Sami Anan, for suppressing last year's popular uprising, a judicial source said Sunday. Anan is also the subject of an additional

Published 10 Sep, 2012 12:00am

Afghans poised to 'take over' US prison

The United States is due to hand over formal control of a controversial prison housing Taliban fighters to the Afghan government on Monday, in a move hailed by Kabul as a victory for sovereignty.

Published 10 Sep, 2012 12:00am

Drone attacks: Fazl for implementation of parliamentary resolutions

Chief of Jamiat Ulema-e- Islam, Maulana Fazlur Rahman has called for implementation of Parliament resolutions to halt drone attacks at tribal areas, saying that innocent tribal people were being killed in the strikes. Talking to reporters after chairing a

Published 10 Sep, 2012 12:00am

Registration of cases against plastic factories directed: dengue larva found

Chairman Town Emergency Response Committee and Member National Assembly, Mian Marghoob Ahmed has directed registration of cases under Dengue Control Act, against the owners of waste packing and plastic manufacturing factories and motor workshops as dengue

Published 10 Sep, 2012 12:00am

GHA sets up dengue counters

In accordance with the directions of the Punjab Government, General Hospital Administration (GHA) has set up Dengue counters also at the Outdoor Patient Department to facilitate dengue patients where staff will perform their duty 24 hours keeping alert. A

Published 10 Sep, 2012 12:00am

FBR unearths Rs 2.34 billion sales tax evasion: ship-breaking industry probed

The Directorate-General of Intelligence and Investigation Inland Revenue (IR) of the Federal Board of Revenue (FBR) unearthed massive sales tax evasion worth Rs2.34 billion by the ship-breaking industry on the import of 503 vessels between July 2007 and J

Published 10 Sep, 2012 12:00am

Local CNG body office-bearers join Businessmen Forum

Key office-bearers of Khyber-Pakhtunkhwa chapter of All Pakistan CNG Association on Sunday announced to join the Businessmen Forum, expressing full confidence over the leadership of Senator Ilyas Ahmad Bilour. The announcement was made by Chairman of the

Published 10 Sep, 2012 12:00am

Resolution of energy crisis: completion of IP gas pipeline project stressed

The Pakistan Economy Watch (PEW) on Sunday lauded the government's decision to run three inefficient thermal power plants on coal. It also lauded Asian Development Bank (ADB) which has agreed to finance the conversion project.

Published 10 Sep, 2012 12:00am

Pesco's anti-power theft drive continues

Stern action has been initiated against elements involved in power theft across Khyber-Paktunkhwa by officials of Peshawar Electricity Supply Corporation (Pesco). Detection teams were constituted under instructions of Pesco's CEO Tariq Saddozai. I A surve

Published 10 Sep, 2012 12:00am

JKPM welcomes Hina's remarks

The Jammu and Kashmir Peoples Movement (JKPM), a constituent of the All Parties Hurriyet Conference (APHC), has welcomed the remarks of Pakistan Foreign Minister, Hina Rubbani Khar, calling for involvement of Kashmiris in the dialogue process.

Published 10 Sep, 2012 12:00am

Journalists urged to suggest ways, means of improvement

Federal Minister National Regulations and Services Dr Firdous Ashiq Awan on Sunday stressed upon the journalist community should hold accountability without any discrimination for elimination of disparities from the society and to change mindset of the pe

Published 10 Sep, 2012 12:00am

Right to do business programme launched

The "Legal Empowerment Programme (LEP) - Right to do business has been launched in the country. The LEP programme is a United Nations Development Programme (UNDP) funded initiative and structural around four pillars access to justice, property rights, lab

Published 10 Sep, 2012 12:00am

Admission to MBBS classes: UHS to conduct entrance test on September 23

The University of Health Sciences (UHS) will conduct an entrance test for the admission in MBBS classes on September 23. Two entrance test centres to be set up at Agriculture University and Govt College for Women Madina Town Faisalabad separately for boys

Published 10 Sep, 2012 12:00am

Over 10,000 students to get scholarship under PEEF

Over 10,000 brilliant and needy students from middle to Masters level will be provided scholarship worth Rs 500 million under Punjab Chief Minister's Special Initiative "Punjab Educational Endowment Fund (PEEF)" during the current financial year.

Published 10 Sep, 2012 12:00am

Local Government Ordinance: Sindh government dispels false impressions

A spokesman of Sindh Chief Minister, on Sunday, strongly dispelled the impression, created by a section of press, that the provincial government, under the Sindh Peoples Local Government Ordinance 2012, may have withdrawn from its authority to approve ann

Published 10 Sep, 2012 12:00am

Bodies of two more soldiers recovered from Gayari

The Army rescue teams on Sunday recovered two more bodies of Shaheed soldiers from Gayari sector of Siachen bringing the total number of bodies recovered so far to 81. According to a spokesman of Inter Services Public Relations (ISPR) here, despite weathe

Published 10 Sep, 2012 12:00am

Kaira invites Norwegians to invest in energy sector

Minister for Information and Broadcasting, Qamar Zaman Kaira has said that the government has taken many business friendly initiatives and offers best investment opportunities for the foreign as well as the local investors.

Published 10 Sep, 2012 12:00am

Thalassaemic children: '40 percent of cases can be managed without blood transfusion'

Pakistani haematologist Dr Saqib Hussain Ansari announced on Sunday that he has identified gene mutations in 40 percent of thalassaemic children who can be managed without blood transfusion. He said that he had conducted a research that showed use of hydr

Published 10 Sep, 2012 12:00am

Cardiovascular Expert Symposium held

Speakers at the Cardiovascular Expert Symposium highlighted that cardiovascular diseases are a serious threat to Pakistan and a better management of the CV risk factors can positively impact the mortality rate. The program was organised by Pfizer Pakistan

Published 10 Sep, 2012 12:00am

Elements fanning sectarianism are enemies of Pakistan: Altaf

Terrorist elements carrying out attacks on defence installations, slaughtering armed forces' personnel and instigating sectarian bloodshed were open enemies of Pakistan and not its friends, Chief of Muttahida Qaumi Movement (MQM) Altaf Hussain said on Sun

Published 10 Sep, 2012 12:00am

Rains damage standing cotton crop: major losses likely in Sindh

Ongoing heavy rains have badly hit the standing cotton crop across the country and may also hurt the cotton production target of 15 million bales. Market sources told Business Recorder that the current rain spell hit almost the entire cotton belt i

Published 10 Sep, 2012 12:00am

Emergency declared in Hyderabad after heavy downpour

Light to moderate rainfall continued here on Sunday after the city received the first heaviest downpour of the ongoing monsoon season. The advisor to Chief Minister Sindh Haleem Adil Shaikh has said that Hyderabad has received maximum rains up to 125mm so

Published 10 Sep, 2012 12:00am

Rains develop breach in canal

Crops standing over 100 acres came under water when a 10-foot breach developed in Shakh-i-Madina canal in the suburb of Multan at midnight due to heavy rainfall. According to the police, heavy rains developed breach in Shakh-i-Madina canal of Qadir Puran

Published 10 Sep, 2012 12:00am

Heavy rains lashes Gilgit-Baltistan

Heavy rains coupled with thunder crippled life in the remote mountainous region in the north of country, Gilgit-Baltistan where cat and dog rains continued to fall during last 72 hours. According to the Metrological Department, during next 24 hours, wides

Published 10 Sep, 2012 12:00am

Army shelling, clashes across Syria kill 28: watchdog

Syrian troops bombarded a string of districts in the northern city of Aleppo and launched attacks across the country on Sunday as 28 people were killed nation-wide in clashes and shelling, a watchdog said. Shelling in Aleppo destroyed houses in the Midan

Published 10 Sep, 2012 12:00am

Mass protest in Japan against US hybrid aircraft

Tens of thousands of people rallied on Japan's southern island of Okinawa Sunday against the deployment of US Osprey military aircraft after a series of accidents elsewhere involving the planes. Protesters demanded the United States and Japan immediately

Published 10 Sep, 2012 12:00am

Indian Prime Minister defends spending on space exploration

Indian Prime Minister Manmohan Singh on Sunday defended spending millions of dollars on space exploration despite many people in the country living in grinding poverty. India plans to launch a probe to orbit Mars next year at an estimated cost of four to

Published 10 Sep, 2012 12:00am

Jews, Christians, Muslims stage march against court ruling in Germany

Around 500 mainly Jewish but some Christian and Muslim protesters gathered in Berlin on Sunday to demand the right to circumcision after a disputed court ruling in Germany outlawing the rite.

Published 10 Sep, 2012 12:00am

Iran slams talk of more sanctions as 'irresponsible'

Iran on Sunday hit out at talk of more EU sanctions being applied against it as "irresponsible," singling out Britain for raising the prospect it claimed went against UN nuclear watchdog regulations. Foreign ministry spokesman Ramin Mehmanparast issued a

Published 10 Sep, 2012 12:00am

Nuclear-armed Iran 'not an option': Westerwelle

German Foreign Minister Guido Westerwelle said on Sunday that a nuclear-armed Iran was "not an option", as he called on Tehran for "substantial negotiations" over its controversial atomic programme. "We share the Israeli concerns about Iran's nuclear prog

Published 10 Sep, 2012 12:00am

Dutch polls a close race in uncertain times for Europe

The Netherlands votes Wednesday to elect a new parliament for the second time in two years after a tight race dominated by economic uncertainty thanks to Europe's seemingly endless debt crisis.

Published 10 Sep, 2012 12:00am

Obama courts Florida voters as Romney plays religion card

US President Barack Obama was to woo Florida voters Sunday after Republican Mitt Romney thrust religion to the center of the White House race as he sought to underscore the rivals' different approach to traditional values. Obama planned to meet with suppo

Published 10 Sep, 2012 12:00am

Belgian premier apologises for wartime deportation of Jews

Belgian Prime Minister Elio Di Rupo apologised on Sunday for the deportation of thousands of Jews to Nazi death camps during World War II. "By assisting in the Nazi policies of extermination, the authorities of the time and the Belgian state failed in the

Published 10 Sep, 2012 12:00am

Sri Lanka's ruling party sweeps local polls

Sri Lanka's ruling party secured victory in three provincial council elections including one area ravaged by the island's ethnic war that ended in 2009, according to results released on Sunday. President Mahinda Rajapakse's United People's Freedom Allianc

Published 10 Sep, 2012 12:00am

Global markets week ahead: distinguishing relief from enthusiasm

A line may have been drawn under the seemingly endless euro crisis at long last but don't confuse investor relief with the "animal spirits" of the market just yet. What Thursday's euro rescue plan from the European Central Bank does most clearly is allow

Published 10 Sep, 2012 12:00am

Talanx aiming for end-September share listing: sources

Talanx, Germany's third-largest insurer, hopes to list in Frankfurt by the end of the month and raise up to 700 million euros ($881 million) from the sale of new shares, two sources close to the deal said. Talanx, which owns 50.2 percent of Hannover Re, t

Published 10 Sep, 2012 12:00am

Talanx aiming for end-September share listing: sources

Talanx, Germany's third-largest insurer, hopes to list in Frankfurt by the end of the month and raise up to 700 million euros ($881 million) from the sale of new shares, two sources close to the deal said. Talanx, which owns 50.2 percent of Hannover Re, t

Published 10 Sep, 2012 12:00am

London investors to track another key week for eurozone

Investors on the London stock market were set to pay close attention next week to the latest chapter in the eurozone crisis, while also tracking British company earnings and official economic data. London's benchmark FTSE 100 index of top share prices fin

Published 10 Sep, 2012 12:00am

Euro to hold at weak levels against dollar

The outlook for the euro will depend on what European Central Bank chief Mario Draghi has to say on Thursday about a much-anticipated plan to buy Spanish and Italian bonds, but it remains under pressure for now, a Reuters poll showed. The survey of over 6

Published 10 Sep, 2012 12:00am

CEE currencies seeing gains against euro next year

Central European currencies are expected to give up some ground against the euro before seeing gains next year as the euro zone crisis and the prospect of central bank interest rate cuts cloud the short-term outlook, a Reuters poll showed on Wednesday.

Published 10 Sep, 2012 12:00am

Wall Street week ahead: a nice rally while it lasted

At the start of the historically weakest month for equities there are plenty of reasons to believe stocks may be just about reaching a top - at least in the short term. The S&P 500 has surged 14 percent this year and is at its highest level in more than 4

Published 10 Sep, 2012 12:00am

Canadian dollar seen weakening back to US $ parity

Canada's dollar will give back recent gains against its US counterpart, according to Reuters poll released on Wednesday, with the stumbling global economy expected to hurt demand for the commodity-linked currency.

Published 10 Sep, 2012 12:00am

Japanese shares set for rally after Europe bond plan

Japanese shares will likely see more gains next week following Friday's strong performance in the wake of the European Central Bank's plan to buy the bonds of debt-hit eurozone nations, analysts said. In the week to September 7, the benchmark Nikkei 225 i

Published 10 Sep, 2012 12:00am

Brazil's real to gain past two per dollar

Brazil's currency, the real, is poised to strengthen past the level of 2 per dollar in the next few months as central banks in the United States and Europe deploy another round of massive stimulus measures, a recent Reuters survey showed. Domestically, th

Published 10 Sep, 2012 12:00am

Abu Dhabi power project eyes bond by end September

Abu Dhabi's Shuweihat 2 independent water and power plant (IWPP) project may launch a bond by the end of September as part of a $2.2 billion refinancing plan, three sources familiar with the matter said, with a final decision on timing dependent on the is

Published 10 Sep, 2012 12:00am

Abu Dhabi power project eyes bond by end September

Abu Dhabi's Shuweihat 2 independent water and power plant (IWPP) project may launch a bond by the end of September as part of a $2.2 billion refinancing plan, three sources familiar with the matter said, with a final decision on timing dependent on the is

Published 10 Sep, 2012 12:00am

Bangladesh's inter bank forex, interest rates

Inter bank buy/sell rates for the taka against the dollar on Sunday. 81.80-81.80 (previous 81.73-81.80).

Published 10 Sep, 2012 12:00am

Eurozone enters dangerous week buoyed by ECB

The eurozone enters a dangerous week, strewn with potential landmines, in a somewhat more optimistic mood after investors welcomed a European Central Bank plan to prevent a break-up of the single currency. German judges, Dutch voters, IMF inspectors and B

Published 10 Sep, 2012 12:00am

Former UBS trader faces trial over $2.3 billion losses

A former UBS trader goes on trial in London this week in a case involving losses of $2.3 billion that will subject the Swiss bank to an "uncomfortable" examination of its culture and practices.

Published 10 Sep, 2012 12:00am

Irish central bank chief 'confident' on banks deal

Ireland's central bank governor is confident that the country will get a deal in the euro zone on easing the terms of its bank debt, it is just a question of what it looks like, he said on Sunday. Euro zone leaders agreed at their summit in June to look a

Published 10 Sep, 2012 12:00am

France's Hollande set to outline unprecedented austerity

French President Francois Hollande was Sunday due to announce unprecedented belt-tightening measures of billions of euros amid mounting discontent over the flagging economy and job cuts. Hollande, whose popularity ratings have slid less than four months a

Published 10 Sep, 2012 12:00am

China slowdown deepens as output weakens

China's industrial output growth weakened in August to its slowest pace in more than three years, official figures showed Sunday, confirming a deepening slowdown in the world's second-biggest economy. Production increased just 8.9 percent year-on-year las

Published 10 Sep, 2012 12:00am

Qantas pins Asia, profit hopes on Emirates deal

Embattled Australian carrier Qantas said Sunday its lagging international business was expected to break even again from 2014 after a tie-up with Emirates it hopes will help it refocus on Asia. Qantas has described the 10-year partnership with Emirates, u

Published 10 Sep, 2012 12:00am

Saudi Arabia pushes private firms to raise pay for its nationals

Saudi Arabia will push private companies to pay Saudi workers as much as their state-employed counterparts with the goal of encouraging more citizens to seek work in the private sector. From February Saudi workers who are paid less than the public-sector

Published 10 Sep, 2012 12:00am

Palestinians seek to amend economic accord with Israel

The cash-strapped Palestinian Authority said on Sunday it has asked Israel to consider overhauling a key economic agreement that has determined its customs and tax rates for the past 18 years, in the wake of street protests against high prices. UN agencie

Published 10 Sep, 2012 12:00am

India economy, democracy flounder after monsoon washout

A total impasse in India's parliament is not only undermining the world's biggest democracy but also deepening its economic woes as long-awaited reforms fall by the wayside. A now familiar chorus of recriminations echoed around the grandiose circular cham

Published 10 Sep, 2012 12:00am

Volkswagen cuts European sales target by 150,000 vehicles

German carmaker Volkswagen has cut its internal 2012 sales target for Western Europe by 150,000 vehicles, German weekly magazine Der Spiegel said, without citing sources. The estimate reported by Der Spiegel is lower than the 250,000 figure reported last

Published 10 Sep, 2012 12:00am

Iran currency dives to record low

Iran's currency on Sunday slid to a new record low against the dollar, with the central bank saying it was trying to manage the plunge amid an "economic war with the world." Street traders were exchanging one dollar for more than 24,000 Iranian rials, acc

Published 10 Sep, 2012 12:00am

Whatmore happy with Pakistan's Twenty20 progress

Pakistan coach Dav Whatmore on Sunday said he was happy with the team's progress in the shortest format of the game ahead of this month's World Twenty20, saying the team was responding well. Pakistan pulled off a sensational super over win against Austral

Published 10 Sep, 2012 12:00am

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

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

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 12	252.63
Diesel/Litre / May 12	256.64

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

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

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

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