News Archives for Print - 2012-09-10

East Range police on Sunday conducted raids and arrested 27 accused including 05 absconders during last 24 hours. Police also recovered 14 pistols, 330 grams of hashish, heroin, one motorcycle, one mobile phone and cash of Rs 10000 from their possession.

Published 10 Sep, 2012 12:00am

'Pakistan home to 1.5 million street children'

As many as 1.5 million children in Pakistan are on the street and the country has not yet achieved 50 percent literacy ration even after 65 years of independence, a representative of a non-governmental organisation said in a function on Sunday to mark the

Published 10 Sep, 2012 12:00am

Village, neighbourhood councils to be set up under PLGO 2012

Village and neighbourhood councils would be established under the People's Local Government Ordinance (PLGO) 2012, to run the matters of villages and some groups of adjoining areas, Business Recorder learnt here on Sunday.

Published 10 Sep, 2012 12:00am

Four killed in incidents of violence

At least four people were killed in different incidents in city on Sunday, police and rescue sources said. A dacoit was gunned down by police in an encounter in New Karachi area in the limits of New Karachi Industrial Area. Police said that the police par

Published 10 Sep, 2012 12:00am

PTI flays LG Ordinance

President of Pakistan Tehrik-e-Insaf's Sindh Chapter Nadir Akmal Laghari while criticising promulgation of Sindh People's Local Government Ordinance 2012, said that newly promulgated ordinance would bifurcate the province.

Published 10 Sep, 2012 12:00am

BoI moving toward further liberalisation

Text of the Brochure: The democratically elected Government has a commitment to make country progress. Board of Investment is mandated to attract foreign and domestic investment and has been endeavouring to facilitate investors with one window oper

Published 10 Sep, 2012 12:00am

PML-N criticises Altaf's remarks about Nawaz

Spokesman of Pakistan Muslim League-N, Senator Pervaiz Rashid has termed the talk of MQM chief Altaf Hussain against Nawaz Sharif and PML-N as unbecoming. He said just two to three days ago, a delegation of MQM met the delegation of PML-N with the desire

Published 10 Sep, 2012 12:00am

'Increasing public health spending alone won't cut it; need transparency, accountability', Dr Sania Nishtar

Dr Sania Nishtar is a well-known Pakistani healthcare professional, scholar and health reforms advocate. She is the founder and President of Heartfile, an independent health policy NGO think-tank based in Islamabad. She has been associated in various capa

Published 10 Sep, 2012 12:00am

'Increasing public health spending alone won't cut it; need transparency, accountability', Dr Sania Nishtar

Published 10 Sep, 2012 12:00am

India's space programme: big plans, shoestring budget

The Indian space agency's 100th mission Sunday marked a milestone for its space programme, underlining its emergence in a select group of nations possessing cutting-edge technologies. A successful launch Sunday morning from the Sriharikota launch centre i

Published 10 Sep, 2012 12:00am

The 'caretaker' prime minister!

A number of names are being tossed around and proposed for the slot of the interim prime minister to head the caretaker government to run the government for its mandated tenure and to organise the next general election.

Published 10 Sep, 2012 12:00am

Productivity analysis of Pakistan in the last 50 years

Pakistan, a developing country in South Asia, having total estimated population of 177 million in 2011. The total civilian labour force is 58.41million out of which 55.17 million is employed. At the time of independence in 1947, Pakistan was an agrarian e

Published 10 Sep, 2012 12:00am

Corruption - III

This is the final of a three part series of articles detailing corruption with a focus on how to deal with corruption - at the level of government and in the financial market. Corruption in Pakistan is endemic. However while a portion of corruption money

Published 10 Sep, 2012 12:00am

Rush for political gains

With general election in sight the political parties tend to modify their positions on various national issues on a day-to-day basis. They appear to be oblivious of the risk their sudden moves can cause to their public image. What a party would have uphel

Published 10 Sep, 2012 12:00am

Tax-to-GDP ratio, C/A deficit: major challenges

The Federal Board of Revenue has reportedly ordered Pakistan Customs to obtain passenger manifests from airlines three hours prior to a flight to check smuggling of various currencies - local and foreign. FBR's latest directive to Customs should not, howe

Published 10 Sep, 2012 12:00am

Three Gaza rockets hit Israel, house damaged

A rocket fired from Gaza crashed into a house in southern Israel on Sunday, causing heavy damage but not casualties, as two more landed near the city of Beersheva, an Israel police spokesman said. Spokesman Micky Rosenfeld said one rocket hit a house in N

Published 10 Sep, 2012 12:00am

Reforms lift veil on Myanmar's power struggles

For the near half century that they lived under a military junta, the people of Myanmar knew nothing of the power struggles going on within the regime. But as the country slowly gets used to its new democratic institutions following a wave of political re

Published 10 Sep, 2012 12:00am

Al-Jazeera says news service hacked again

Qatar-based Al-Jazeera news network's mobile service was hacked on Sunday, four days after a number of its Internet websites came under cyber attack, it reported on its website al-jazeera.net. "The story claiming that the Prime Minister (Sheikh Hamad bin

Published 10 Sep, 2012 12:00am

Arafat Foundation: 'no need for more proof' of poison

The Yasser Arafat Foundation said Sunday there was "no need" for more proof the Palestinian leader was poisoned in what appeared to be a stance against French plans to exhume his body.

Published 10 Sep, 2012 12:00am

Israeli cabinet backs first West Bank university

Israel's government on Sunday approved plans to upgrade a West Bank college to a full-fledged university, in a symbolic move which still requires a ruling by the High Court and the attorney general.

Published 10 Sep, 2012 12:00am

Pope calls for reconciliation on eve of Lebanon visit

Pope Benedict XVI on Sunday called for dialogue and reconciliation in the Middle East as he prepared to visit war-torn Syria's neighbour Lebanon. "My apostolic trip to Lebanon, and by extension to the whole of the Middle East, is taking place under the si

Published 10 Sep, 2012 12:00am

Indonesia 'bomb workshop' blast injures three: police

Indonesian police on Sunday said three people were injured after an explosion at a house near Jakarta suspected to be a bomb workshop. The blast took place late Saturday in a building listed as an orphanage in the town of Depok, in the outskirts of Jakart

Published 10 Sep, 2012 12:00am

Hong Kong votes in crucial legislative polls

Hong Kong voted Sunday in legislative elections seen as a test for the pro-Beijing government, after it was forced to scrap mandatory Chinese patriotism classes in the face of escalating protests.

Published 10 Sep, 2012 12:00am

Merger of stock exchanges: LSE specifies certain pre-conditions for establishment of NMS

Responding to the idea of the Securities and Exchange Commission of Pakistan (SECP) on merger of Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE), the LSE has placed a pre-condition for the establishment of a National Market System (NMS) whi

Published 10 Sep, 2012 12:00am

Pakistan Post to launch EMO service today

Pakistan Post would launch Electronic Money Order (EMO) service on Monday (today), for quick money transfer in the eleven major cities of the country. An official of Pakistan Post told APP on Sunday that initially EMO service would be started at the eleve

Published 10 Sep, 2012 12:00am

PSM chief executive orders probe into lift collapse incident

Chief Executive Officer Pakistan Steel Mill Major General Mohammad Javed HI-M (Retd) expressed grief over the incident of lift collapse in Steel Making Department of Pakistan Steel. He ordered an inquiry about the incident and also directed to provide tre

Published 10 Sep, 2012 12:00am

Peace in South Asia linked to Kashmir settlement: JKPFL

The Jammu and Kashmir Peoples Freedom League (JKPFL) has said that durable peace in South Asia cannot be ensured without resolving the Kashmir dispute in accordance with the Kashmiris' aspirations.

Published 10 Sep, 2012 12:00am

Imran terms Punjab government's performance pathetic

Pakistan Tehreek-e-Insaf Chairman, Imran Khan has said that Punjab government has badly failed to deliver and its performance is pathetic. All the economic indicators, ie agriculture, energy, law and order, education and health, do not support his claims.

Published 10 Sep, 2012 12:00am

PBC to air special programmes to mark President's four years in office

Pakistan Broadcasting Corporation (PBC) has launched a four-day series of programmes on Sunday about achievements of the government under the leadership of President Asif Ali Zardari to mark completion of four years in office.

Published 10 Sep, 2012 12:00am

Four persons awarded for efforts towards deepening friendship with Japan

On the occasion of a farewell reception for Masaharu Sato, Consul General of Japan on Saturday, he presented certificates of merit to four persons to recognise their distinguished service of contributing to the deepening friendship between Pakistan and Ja

Published 10 Sep, 2012 12:00am

SAP schools' teachers demand rights

The SAP schools' teachers of Gilgit-Baltistan demanded for their rights. "We will close the schools if the government will not give proper rights to the teachers of SAP schools," this was stated by General Secretary Social Action Program (SAP) Schools Ass

Published 10 Sep, 2012 12:00am

UAF observes 'Eradication of Dengue Larvae Day'

University of Agriculture, Faisalabad (UAF) observed "Eradication of Dengue Larvae Day" on Sunday spraying anti-larvae insecticide at various spots all around the Campus on the directive of Punjab Chief Minister Shahbaz Sharif. Professor Iqrar Ahmad Khan

Published 10 Sep, 2012 12:00am

Sugar giving more sweet taste

Sugar: The wholesale prices of sugar saw a decline for most of last week in the main wholesale markets of Karachi and Lahore, yet managed to remain above Rs50 per kg as of September 6, 2012. Official estimates place domestic sugar stocks at 2.206 m

Published 10 Sep, 2012 12:00am

Intense workouts may be safe for heart patients

Moderate levels of exercise are often prescribed for people recovering from a heart attack or heart surgery, but pumping up workouts to high-intensity level may also be a safe option, according to a Norwegian study.

Published 10 Sep, 2012 12:00am

Organic food no more nutritious than non-organic

Organic produce and meat typically isn't any better for you than conventional food when it comes to vitamin and nutrient content, although it does generally reduce exposure to pesticides and antibiotic-resistant bacteria, according to a US study.

Published 10 Sep, 2012 12:00am

Migraines not tied to greater weight gain: study

Women who have migraines may have no greater risk of becoming overweight than other women, despite what some research has suggested, according to an international study. Some studies have found a connection between excess weight and a higher rate of migra

Published 10 Sep, 2012 12:00am

Climate: Kyoto scheme sees billionth tonne of saved CO2

The Clean Development Mechanism (CDM), a Kyoto Protocol device to curb greenhouse gases through market forces, has now issued a billion tonnes of carbon credits, the UN climate forum announced on September 07. Under the CDM, rich countries that are party

Published 10 Sep, 2012 12:00am

Amazonian deforestation may cut rainfall by a fifth

Deforestation may cause rainfall in the Amazonian basin to decline disastrously, British scientists said in a study published on September 05 by the journal Nature. Rainfall across the vast basin could lessen by 12 percent during wet seasons and 21 percen

Published 10 Sep, 2012 12:00am

DNA database unlocks map to genetic disease

A massive DNA database has generated a map of the genetic switches which impact everything from hair loss to cancer and opened the door to revolutionary treatments for a host of deadly diseases, researchers said on September 05. "This is a major step towa

Published 10 Sep, 2012 12:00am

Kobo to launch new tablet device, more compact e-reader

Kobo is launching a new tablet device and a more compact e-reader as it seeks to expand its market share and battle with Apple Inc and Amazon.com Inc in the ultra-competitive mobile device marketplace.

Published 10 Sep, 2012 12:00am

'Super Wi-Fi' poised for growth in US, elsewhere

Move over Wi-Fi, there's a new wireless technology coming. So-called "Super Wi-Fi," which offers a bigger range than existing hotspots, is being deployed in the United States and generating interest in a number of countries, including Britain and Brazil.

Published 10 Sep, 2012 12:00am

Nokia hopes for turnaround with launch of Windows smartphone

Nokia unveiled two new smartphones on September 5 running on Microsoft's Windows software, as the ailing company sought to close the gap on rivals like Apple and Samsung. The new phones, including the flagship device Lumia 920, include several innovative

Published 10 Sep, 2012 12:00am

Internet has no 'off switch', says web inventor

Tim Berners-Lee, the British inventor of the World Wide Web, on September 5 warned governments that attempts to block the Internet were doomed to failure due to its scattered structure. Speaking at the launch of a league table showing which countries use

Published 10 Sep, 2012 12:00am

Mobile users wary of privacy invasion by apps: Pew survey

Users of mobile devices are rejecting or uninstalling some apps because of concerns about how much personal and private information is collected, a US survey showed on September 5. The Pew Internet Project survey found that 54 percent of mobile users who

Published 10 Sep, 2012 12:00am

Motorola Mobility unveils new iPhone challengers

Motorola Mobility on September 5 added three powerful Android smartphones to its Droid family ahead of Apple's much-anticipated debut next week of a new-generation iPhone. The additions of RAZR M, RAZR HD, and RAZR MAXX HD to the Motorola line-up came as

Published 10 Sep, 2012 12:00am

Russia unveils own 'almost Android' system

It seems that Russia's defence ministry has little faith in Google's operating systems: it has just unveiled its own encrypted version that has the remarkably familiar feel of an Android. Russia's very first smart prototype was presented on the sidelines

Published 10 Sep, 2012 12:00am

Security firms see rise in smartphone cyber-attacks

Cyber-crooks are increasingly taking aim at smartphones, following their prey as lifestyles migrate to Internet-linked mobile devices, according to new reports by online security firms. Symantec's annual Norton Cybercrime Report released September 7 calcu

Published 10 Sep, 2012 12:00am

Apple to launch iPhone on September 12

The long wait for the iPhone 5 looks to be almost over. Apple sent out invitations Tuesday to a September 12 launch event in San Francisco where is it expected to announce the latest in its line of top-selling smartphones. Many observers predict that the

Published 10 Sep, 2012 12:00am

Apple in talks for free Internet radio

US technology giant Apple is in talks to license music for broadcast on a custom online radio service modeled after Pandora, The Wall Street Journal reported September 6. The Journal, citing people familiar with the matter, said Apple's service would work

Published 10 Sep, 2012 12:00am

Amazon unveils new backlit Kindle e-reader

Amazon chief Jeff Bezos unveiled a new version of the company's ground-breaking Kindle reader on September 6, which includes a back-lit screen for the first time. The new reader with so-called "paperwhite" display, which will have a battery life of eight

Published 10 Sep, 2012 12:00am

Twitter tops Facebook in mobile ads: survey

Twitter is outpacing Facebook in US mobile advertising revenue this year, according to a survey released on September 6 showing a market dominated by Google. The report by the research firm eMarketer said Facebook, which just rolled out mobile ads for the

Published 10 Sep, 2012 12:00am

Samsung sells 20 million Galaxy S III smartphones

Samsung Electronics said on September 6 that global sales of its new Galaxy S III smartphone had topped 20 million since its launch in late May, amid legal battles with Apple over alleged patent infringements. Six million units have been sold in Europe si

Published 10 Sep, 2012 12:00am

EADS deserves seat in US industry group

European planemaker Airbus on September 04 said its parent company, EADS, should be allowed to join the US aerospace industry's main lobbying group because it has production facilities in the United States, employs thousands of workers, and buys $12 billi

Published 10 Sep, 2012 12:00am

Embattled Qantas in major alliance with Emirates

Struggling Australian carrier Qantas on September 06 announced a major global alliance with Emirates that will see its hub for European flights shift to Dubai from Singapore in a bid to stem losses. The 10-year tie-up, described as a "momentous day" in gl

Published 10 Sep, 2012 12:00am

Profit for Malaysia's Petronas drops 30 percent in second quarter

Malaysian state energy firm Petronas said on September 07 its second-quarter net profit shrank 30 percent to 15.22 billion ringgit ($4.89 billion) mainly due to lower crude oil prices. Revenue at Malaysia's only Fortune 500 company sank by three percent t

Published 10 Sep, 2012 12:00am

Profit for Malaysia's Petronas drops 30 percent in second quarter

Published 10 Sep, 2012 12:00am

Dubai Group sells Turkey insurance arm

Dubai Group has sold its Turkish insurance arm to a company owned by former AIG chief executive Maurice "Hank" Greenberg and a unit of Dubai lender Mashreq Bank, as the state investment firm looks to cut its debt pile.

Published 10 Sep, 2012 12:00am

Ford revamps key models in bid to halt European sales slide

Ford Motor Co showed revamped versions of its key European models on September 06, including a small sport-utility vehicle to challenge Nissan Motor Co's Juke, as it struggles to revive sales and curb mounting losses in the region.

Published 10 Sep, 2012 12:00am

Plan in place for struggling Infosys, but no quick returns

Infosys Ltd, the company that symbolised India's rise as an outsourcing powerhouse but has struggled this year, will have to wait longer than expected for returns from a remodelled strategy. The $7 billion company based in Bangalore, India's Silicon Valle

Published 10 Sep, 2012 12:00am

Nomura to consolidate equities

Nomura Holdings Inc, Japan's biggest brokerage, said it will make cuts in its equities and investment banking businesses as it looks to chop $1 billion in costs mainly from its ailing overseas operations, denting its global ambitions.

Published 10 Sep, 2012 12:00am

Nomura to consolidate equities

Published 10 Sep, 2012 12:00am

French, Chinese banks announce SME investment tie-up

French state-owned bank Caisse des depots and China Development Bank said on September 06 they have created a 150-million-euro ($189-million) fund to take minority stakes in French and Chinese small- and medium-sized firms.

Published 10 Sep, 2012 12:00am

Broad ponders England's net gains

England captain Stuart Broad admits there is no point in demanding his players take part in extra practice sessions after their crushing Twenty20 defeat against South Africa. Broad's side were beaten by seven wickets in Durham on Saturday and have litle t

Published 10 Sep, 2012 12:00am

Drogba helps Ivory Coast to comeback win

Didier Drogba and former Chelsea team mate Salomon Kalou were among the goal scorers as the Ivory Coast twice came from behind to beat Senegal 4-2 in an African Nations Cup qualifier in Abidjan on Saturday. Gervinho and Max Gradel scored the other goals t

Published 10 Sep, 2012 12:00am

Bellamy struggling to cope with loss of Speed

Former Liverpool and Manchester City striker Craig Bellamy admits he is suffering the lowest period of his life following the death of his close friend Gary Speed last year. Speed, who was then in charge of the Wales national team, was found hanged at his

Published 10 Sep, 2012 12:00am

US Open suspended, men's final set for today

Severe weather conditions caused the US Open to be suspended on Saturday, meaning the men's singles final will be played on a Monday for a fifth successive year. With a tornado watch in operation, and violent thunderstorms expected, the second men's semi-

Published 10 Sep, 2012 12:00am

Murray blows away Berdych to reach Open final

Olympic champion Andy Murray, trying to become the first British man to win a Grand Slam title since 1936, withstood blustery conditions Saturday to beat Tomas Berdych and reach the US Open final. Third seed Murray advanced by defeating the Czech sixth se

Published 10 Sep, 2012 12:00am

England star Anderson slams former skipper Vaughan

England pace bowler James Anderson has launched a scathing attack on the captaincy of Michael Vaughan, who led his country's successful bid to regain the Ashes in 2005. Vaughan was widely regarded as a fine leader after revitalising England in the run-up

Published 10 Sep, 2012 12:00am

Wazir Ali Khoja greets Pakistan cricket team

Senior Member of the Board of Governors of Pakistan Cricket Board and Chairman/MD NIT, Wazir Ali Khoja, has congratulated the Pakistan T-20 cricket team on their historical success against Australia in the current series by 2-0.

Published 10 Sep, 2012 12:00am

Formula One: Hamilton's first Italian win revives title bid

Lewis Hamilton revived his bid for this year's Formula One world title on Sunday when he swept to a dominant triumph for McLaren to record his first ever win in the Italian Grand Prix. The 27-year-old Briton, starting from pole position, led throughout ap

Published 10 Sep, 2012 12:00am

Australia's Griffin wins in South Korea

Australia's Matthew Griffin scored the biggest win of his professional career with a single stroke victory at the Charity High1 Resort Open in South Korea on Sunday. The 29-year-old led by two overnight but held his nerve in a topsy-turvy final round for

Published 10 Sep, 2012 12:00am

'World-Class' Van Persie can win title says Giggs

Ryan Giggs believes Robin van Persie's world-class goalscoring talent will prove the key to Manchester United regaining the Premier League title. United's reign as English champions was ended in agonising fashion last season as local rivals Manchester Cit

Published 10 Sep, 2012 12:00am

Paralympics: 'Weirwolf' wins marathon for four out of four

Britain's David Weir won the men's wheelchair marathon for his fourth gold of the Games, as the London Paralympic Games entered their final lap on Sunday with a valedictory tour of the city's streets.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Swiss Franc / Dec 20	0.89
USD to Japanese Yen / Dec 23	156.63
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.74 ▲ 0.35 (10.32%)
Pak. P.V.C. / Dec 23 Pakistan PVC Limited(PPVC)	10.70 ▲ 1.00 (10.31%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.14 ▲ 0.38 (10.11%)
Power Cem(Pref) / Dec 23 Power Cement (Pref)(POWERPS)	12.27 ▲ 1.12 (10.04%)

Stock	Price
Maqbool Tex. / Dec 23 Maqbool Textile Mills Limited(MQTM)	31.03 ▼ -3.45 (-10.01%)
Faran Sugar (R) / Dec 23 Faran Sugar Mills Limited (R)(FRSMR)	9 ▼ -1.00 (-10.00%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	13.87 ▼ -1.47 (-9.58%)
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	37 ▼ -3.67 (-9.02%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.12
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.14
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.34
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.61
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	38,785,517 ▲ 0.55
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	34,374,758 ▲ 1.32
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	33,074,397 ▲ 2.20
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.27
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	22,347,194 ▲ 1.91

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