News Archives for Print - 2012-10-08 - Business Recorder

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Print - 2012-10-08

Dexia working on raising capital, CEO tells paper

Dexia working on raising capital, CEO tells paper

Troubled Franco-Belgian bank Dexia is working on raising cash, its chief executive told Belgian business newspaper L'Echo in an article published on October 06. "Every day that passes we get closer to the deadline, because Dexia is continuing to lose mone

Published 08 Oct, 2012 12:00am

Dexia working on raising capital, CEO tells paper

Dexia working on raising capital, CEO tells paper

Troubled Franco-Belgian bank Dexia is working on raising cash, its chief executive told Belgian business newspaper L'Echo in an article published on October 06. "Every day that passes we get closer to the deadline, because Dexia is continuing to lose mone

Published 08 Oct, 2012 12:00am

India's Tata Steel arranges $6.6 billion loan

India's Tata Steel arranges $6.6 billion loan

Indian steelmaking giant Tata Steel has arranged a $6.6 billion loan from a banking consortium to fund construction of a factory in eastern India, Dow Jones Newswires said on October 01. India's largest commercial bank, State Bank of India and private ICI

Published 08 Oct, 2012 12:00am

Tesco posts falling first-half profits on poor economic backdrop

Tesco posts falling first-half profits on poor economic backdrop

Supermarket giant Tesco posted falling first-half profits on October 03, with Britain's biggest retailer hit by a poor performance at its international division, particularly in South Korea but also in Europe.

Published 08 Oct, 2012 12:00am

Tesco posts falling first-half profits on poor economic backdrop

Tesco posts falling first-half profits on poor economic backdrop

Supermarket giant Tesco posted falling first-half profits on October 03, with Britain's biggest retailer hit by a poor performance at its international division, particularly in South Korea but also in Europe.

Published 08 Oct, 2012 12:00am

Total hopes for quick deal on South Sudan oil block

Total hopes for quick deal on South Sudan oil block

French oil major Total is still negotiating the fate of a massive oil concession in South Sudan and hopes for a swift resolution after the government said it would divide the block into three parts, a company executive told Reuters. South Sudan seceded fr

Published 08 Oct, 2012 12:00am

Lufthansa wants more buying power with plane makers

Lufthansa wants more buying power with plane makers

Lufthansa is seeking to unify standards across its group of five airlines for the engines and cockpits of planes it would deploy in future as part of efforts to boost its purchasing power over aircraft makers.

Published 08 Oct, 2012 12:00am

Debt-laden companies cashing in on ECB pledge

Debt-laden companies cashing in on ECB pledge

Heavily indebted euro zone firms are reaping the benefits of the European Central Bank's pledge to pull the region out of crisis, allowing them to borrow more cheaply and draw investors back into their shares.

Published 08 Oct, 2012 12:00am

First sukuk to debut within months: IILM

First sukuk to debut within months: IILM

International Islamic Liquidity Management Corp, backed by a group of central banks located mainly in Asia and the Middle East, will launch its first sukuk of $300 million to $500 million "in a matter of months", its chief executive said. Kuala Lumpur-hea

Published 08 Oct, 2012 12:00am

First sukuk to debut within months: IILM

First sukuk to debut within months: IILM

International Islamic Liquidity Management Corp, backed by a group of central banks located mainly in Asia and the Middle East, will launch its first sukuk of $300 million to $500 million "in a matter of months", its chief executive said. Kuala Lumpur-hea

Published 08 Oct, 2012 12:00am

Bangladesh's inter bank forex and interest rates

Bangladesh's inter bank forex and interest rates

Inter bank buy/sell rates for the taka against the dollar on Sunday. 81.37-81.49 (previous 81.40-81.55).

Published 08 Oct, 2012 12:00am

Buyout owners mull listing travel group OdigeO

Buyout owners mull listing travel group OdigeO

AXA Private Equity and Permira are considering a listing for Europe's largest online travel agency OdigeO, people familiar with the situation said, which could help the group expand into new markets and maintain its fast growth rate.

Published 08 Oct, 2012 12:00am

Buyout owners mull listing travel group OdigeO

Buyout owners mull listing travel group OdigeO

AXA Private Equity and Permira are considering a listing for Europe's largest online travel agency OdigeO, people familiar with the situation said, which could help the group expand into new markets and maintain its fast growth rate.

Published 08 Oct, 2012 12:00am

Talanx shares rise in IPO debut

Talanx shares rise in IPO debut

Shares in Talanx, Germany's third-biggest insurer, inched higher on their Frankfurt stock market debut on Tuesday, vindicating the company's decision to go ahead with the share sale after dithering last month over the state of Europe's fragile IPO market.

Published 08 Oct, 2012 12:00am

Talanx shares rise in IPO debut

Talanx shares rise in IPO debut

Shares in Talanx, Germany's third-biggest insurer, inched higher on their Frankfurt stock market debut on Tuesday, vindicating the company's decision to go ahead with the share sale after dithering last month over the state of Europe's fragile IPO market.

Published 08 Oct, 2012 12:00am

Brazil stocks likely to extend rally into next year

Brazil stocks likely to extend rally into next year

Brazilian stocks will rally through the middle of next year, supported by government measures to boost competitiveness and bolster demand that will attract foreign investors dripping with abundant liquidity, a Reuters poll found. Brazil's benchmark Bovesp

Published 08 Oct, 2012 12:00am

Japanese shares seen in tight range

Japanese shares seen in tight range

Shares in Tokyo are likely to be rangebound next week as investors stay on the sidelines ahead of the release of corporate results, brokers said Friday. Brokers said the market will also be listening to remarks by the financial heads of major economies as

Published 08 Oct, 2012 12:00am

Wall Street week ahead: Big-name profit warnings may mean a pullback

Wall Street week ahead: Big-name profit warnings may mean a pullback

Wall Street may be bracing for a pullback as US earnings season begins next week - if the clouds of profit warnings from bellwethers ranging from FedEx to Hewlett-Packard lead to a downpour of lower profits - or even losses.

Published 08 Oct, 2012 12:00am

Investors find more money for private equity: Preqin

Investors find more money for private equity: Preqin

Investors found more money for private equity deals in the third quarter, with private equity houses raising more than $64 billion, according to figures from private equity data group Preqin. The amount raised is more than 10 percent higher than the same

Published 08 Oct, 2012 12:00am

Investors find more money for private equity: Preqin

Investors find more money for private equity: Preqin

Investors found more money for private equity deals in the third quarter, with private equity houses raising more than $64 billion, according to figures from private equity data group Preqin. The amount raised is more than 10 percent higher than the same

Published 08 Oct, 2012 12:00am

Qatar's Barwa Bank eyeing potential Doha IPO

Qatar's Barwa Bank eyeing potential Doha IPO

Barwa Bank, a Qatari lender part-owned by Qatar Holding, plans an initial public offering on the Doha stock exchange and is being advised by local investment bank QInvest, Barwa's top executive said on Monday. "We have been working with QInvest on a listi

Published 08 Oct, 2012 12:00am

Qatar's Barwa Bank eyeing potential Doha IPO

Qatar's Barwa Bank eyeing potential Doha IPO

Barwa Bank, a Qatari lender part-owned by Qatar Holding, plans an initial public offering on the Doha stock exchange and is being advised by local investment bank QInvest, Barwa's top executive said on Monday. "We have been working with QInvest on a listi

Published 08 Oct, 2012 12:00am

Nigeria's naira seen slipping as oil price falls

Nigeria's naira seen slipping as oil price falls

Falling oil prices and a gloomy outlook for the global economy will put Nigeria's naira under pressure in the coming months, while sinking interest rates will knock Kenya's shilling, a Reuters poll showed on Tuesday.

Published 08 Oct, 2012 12:00am

Venture-backed exits rise in third quarter

Venture-backed exits rise in third quarter

The value of venture-backed initial public offerings and acquisitions grew slightly in the third quarter from a year ago, but political factors could weaken the current-quarter outlook, the National Venture Capital Association said.

Published 08 Oct, 2012 12:00am

Venture-backed exits rise in third quarter

Venture-backed exits rise in third quarter

The value of venture-backed initial public offerings and acquisitions grew slightly in the third quarter from a year ago, but political factors could weaken the current-quarter outlook, the National Venture Capital Association said.

Published 08 Oct, 2012 12:00am

Banco BPI most accurate FX forecaster in September

Banco BPI most accurate FX forecaster in September

Banco BPI's belief the euro and the yen would strengthen last month pushed it to the top of the monthly accuracy league in the Reuters September foreign exchange poll. Agostinho Leal Alves, currency strategist at Portugal's Banco BPI, forecast the euro wo

Published 08 Oct, 2012 12:00am

Sterling to hold firm against dollar, gain on euro: poll

Sterling to hold firm against dollar, gain on euro: poll

Sterling will hold firm but not recoup recent losses in the coming year as a tepid recovery forces the Bank of England to step in with additional support for the economy, a Reuters poll showed on Wednesday.

Published 08 Oct, 2012 12:00am

France to beef up security amid terror crackdown

France to beef up security amid terror crackdown

French President Francois Hollande vowed tough anti-terror laws and tighter security as police Sunday staged more raids after a crackdown that saw one man killed and 11 arrested over an attack on a Jewish store.

Published 08 Oct, 2012 12:00am

Cameron joins Twitter despite reservations

Cameron joins Twitter despite reservations

British Prime Minister David Cameron has set up his own Twitter account, despite once saying that he would avoid the website, and amassed nearly 80,000 followers within a day. Under the handle @David_Cameron, the Conservative leader sent out his first twe

Published 08 Oct, 2012 12:00am

Suspicions, doubts linger after pope's butler verdict

Suspicions, doubts linger after pope's butler verdict

The swift conviction of Pope Benedict's former butler leaves lingering suspicions that he was a pawn in a much larger Vatican intrigue involving infighting in the papal court and alleged corruption at the highest levels of the Roman Catholic Church.

Published 08 Oct, 2012 12:00am

Children killed as Afghan cop refuses to quit: officials

Children killed as Afghan cop refuses to quit: officials

Two schoolchildren including a nine-year-old girl were shot dead by militants in Afghanistan after their father refused to quit his job as a policeman, officials said Sunday. Henna and her 16-year-old brother Zelgai were killed by two gunmen on motorcycle

Published 08 Oct, 2012 12:00am

Daughter of Qadhafi spy chief arrested in Libya

Daughter of Qadhafi spy chief arrested in Libya

The daughter of Muammar Qadhafi's former spy chief was arrested at a Tripoli hotel for entering Libya illegally, a Supreme Security Committee official said on Sunday. The official, who declined to be named, said Al-Unood al-Senussi, daughter of Abdullah a

Published 08 Oct, 2012 12:00am

Italian coastguards rescue migrant boat

Italian coastguards rescue migrant boat

Italian coastguards rescued 166 people on a wooden migrant boat that got into difficulty off the southern coast of the Sicilian island Lampedusa, officials said on Sunday. The boat, which set off from Libya, sank shortly after the rescue operation, which

Published 08 Oct, 2012 12:00am

Iraq executes 11 despite international outcry

Iraq executes 11 despite international outcry

Iraqi authorities executed 11 more people on Sunday - 10 Iraqis and one Algerian - despite widespread international calls for a moratorium on Baghdad's use of the death penalty. The latest executions bring to at least 113 the number of times Iraq has foll

Published 08 Oct, 2012 12:00am

Arab allies limit Syrian rebel aid over US fears

Arab allies limit Syrian rebel aid over US fears

Discouraged by lack of US support, Saudi Arabia and Qatar have stopped short of arming Syrian rebels with the heavier weapons that could turn the tide of the war, The New York Times said Saturday.

Published 08 Oct, 2012 12:00am

US and Peru to update 60-year-old defence cooperation accord

US and Peru to update 60-year-old defence cooperation accord

The United States and Peru decided on Saturday to renegotiate a 60-year-old defense cooperation agreement between the two countries as Washington seeks to deepen security ties with Latin America after a decade focused on wars in Iraq and Afghanistan.

Published 08 Oct, 2012 12:00am

Chavez's socialist rule at risk as Venezuelans vote

Chavez's socialist rule at risk as Venezuelans vote

Hugo Chavez loyalists blew bugles in a wake up call for voters on Sunday as the Venezuelan leader faced the biggest electoral challenge yet to his socialist rule from a young rival tapping into discontent over crime and cronyism.

Published 08 Oct, 2012 12:00am

Rawalpindi district government hasn't drawn lesson from Karachi fire tragedy

Rawalpindi district government hasn't drawn lesson from Karachi fire tragedy

The City District Government Rawalpindi (CDGR) is perhaps awaiting a Lahore or Karachi-like fire tragedy to justify action against illegal factories operating in the residential areas, setting aside all rules and regulations.

Published 08 Oct, 2012 12:00am

Pakistani, Indian envoys to UN honoured making peace efforts

Pakistani, Indian envoys to UN honoured making peace efforts

Ambassadors of Pakistan and India to the United Nations were on Saturday night honoured at an impressive function for their efforts to promote understanding and cooperation between the two South Asian neighbours.

Published 08 Oct, 2012 12:00am

UAF develops new variety of oilseed: vice chancellor

UAF develops new variety of oilseed: vice chancellor

The University of Agriculture Faisalabad (UAF) has developed an elite Brassica Oilseed UAF-11 (Yellow Sarson) with more than 40 monds per acre yield potential. This was stated by UAF Vice Chancellor Dr Iqrar Ahmad Khan while briefing provincial minister f

Published 08 Oct, 2012 12:00am

Resignation by Mohiyuddin termed drama

Resignation by Mohiyuddin termed drama

Former tehsil nazim Chitral and PPP activist Sartaj Khan has termed the threat of the tendering of resignation by Prince Mohiyuddin as a drama already staged by in recent past. Shahzada Mohiyuddin, a PML-Q MNA from district Chitral has threatened resignat

Published 08 Oct, 2012 12:00am

'Punjab working towards boosting agriculture production'

'Punjab working towards boosting agriculture production'

Punjab government is utilising maximum resources to boost agricultural production in the province. This was stated by Provincial Minister for Agriculture Ahmad Ali Aulakh while addressing the participants of 'Kisan Convention', organised by University of

Published 08 Oct, 2012 12:00am

Security beefed up in federal capital

Security beefed up in federal capital

Heavy contingents of police along with FC and Rangers have been deployed in the capital. The security has been beefed up in red zone of Federal Capital amid reports of terror attack. The Rawalpindi police have arrested 60 people from different areas of Is

Published 08 Oct, 2012 12:00am

Vegetables rotting at Attari check-post

Vegetables rotting at Attari check-post

Truck drivers on Sunday expressed disappointment over official lethargy, saying vegetables meant for Pakistani market were rotting at the Attari border post. Hundreds of trucks carrying vegetables are stuck in a queue for four to five days at the Integrat

Published 08 Oct, 2012 12:00am

Traffic police to observe 'hospitality week' from today

Traffic police to observe 'hospitality week' from today

The hospitality week (hafta-e-khush ikhlaki) of City Traffic Police will start from Monday (today) under which the road users particularly the motorists will be educated about the traffic rules. Chief Traffic Officer (CTO) Syed Ishtiaq Hussain Shah told t

Published 08 Oct, 2012 12:00am

Projects development assistance: Prime Minister announces Rs 20 million for each KP MPA

Projects development assistance: Prime Minister announces Rs 20 million for each KP MPA

Prime Minister Raja Pervez Ashraf on Sunday announced a special assistance of Rs 20 million for each member of Khyber Pakhtunkhwa provincial assembly for development projects in their respective constituencies. He also directed the Ministry of Finance for

Published 08 Oct, 2012 12:00am

KP to establish water, sanitation company for Peshawar

KP to establish water, sanitation company for Peshawar

The provincial government of Khyber Pakhtunkhwa is going to establish Water and Sanitation Company (Wasco) for guaranteeing the supply of drinking water and cleanliness in the provincial metropolis informed sources in department of planning and developmen

Published 08 Oct, 2012 12:00am

Talal Bugti meets Dr A Q Khan

Talal Bugti meets Dr A Q Khan

Jamhoori Watan Party Chief Talal Bugti called on renowned scientist Dr Abdul Qadeer Khan here on Sunday morning. Sources said that both the dignitaries discussed overall political situation in the country during the meeting. They added that Balochistan la

Published 08 Oct, 2012 12:00am

Anti-dengue drive begins

Anti-dengue drive begins

Chairman Dengue Response Committee Haji Allah Rakha MPA said that the process of checking preventive measures and equipment for meeting any emergent situation and finding dengue larva and destroying it in factories has been started from October 6 to Octob

Published 08 Oct, 2012 12:00am

APML flays government for flawed policies

APML flays government for flawed policies

Chief Organiser, All Pakistan Muslim League (APML) Sindh, Ghulam Mustafa Khaskheli, has said that people had fed up of government's flawed policies and incompetence to cope with the challenges facing the country. He said Pakistan is stepping toward a defi

Published 08 Oct, 2012 12:00am

Three-day carpet show begins at Expo Centre

Three-day carpet show begins at Expo Centre

Federal Textile Minister Makhdoom Shahabuddin on Sunday inaugurated the three-day hand-knotted carpets show at Expo Centre. Over 50 national carpet manufacturers have displayed their products in the show.

Published 08 Oct, 2012 12:00am

Peace in Karachi a must for stability, development: Sattar

Peace in Karachi a must for stability, development: Sattar

Deputy Convenor of Muttahida Qaumi Movement's (MQM) Co-ordination Committee, Dr Farooq Sattar, has said that majority of the people living in Karachi are peace-loving, adding that only peace can guarantee advancement, and advancement would in turn bring p

Published 08 Oct, 2012 12:00am

HRCP concerned at continued enforced disappearances

HRCP concerned at continued enforced disappearances

According to a statement issued at the conclusion of the HRCP Council meeting on Sunday said: "The Human Rights Commission of Pakistan is disappointed at the continued enforced disappearances and illegal detentions across the country, especially in Baloch

Published 08 Oct, 2012 12:00am

Expatriates rendering invaluable services: Punjab chief minister

Expatriates rendering invaluable services: Punjab chief minister

Punjab Chief Minister Muhammad Shahbaz Sharif Sunday said that role of expatriate Pakistanis is of vital importance in the progress and prosperity of their country and he believes that expatriates are rendering invaluable services to their country.

Published 08 Oct, 2012 12:00am

Child labour photo competition awards on October 9

Child labour photo competition awards on October 9

International Labour Organisation (ILO) is organising an award distribution ceremony to highlight the work done by photographers to raise awareness about child labour issues. The ceremony will be held on October 9 at ILO auditorium in Islamabad, says a pr

Published 08 Oct, 2012 12:00am

Former APTMA chief welcomes cut in discount rate

Former APTMA chief welcomes cut in discount rate

Former, Chairman, All Pakistan Textile Mills Association (APTMA), Mohsin Aziz has welcomed the decision of the State Bank of Pakistan (SBP) for announcing 50bps cut in the discount rate and termed it very beneficial for textile sector of the country and c

Published 08 Oct, 2012 12:00am

Civil wireless network system made functional

Civil wireless network system made functional

Civil Wireless Network System has been made functional at a cost of Rs 7 million in PDMA building to cope with any disaster and to provide immediate relief to the affectees in the province. Provincial Disaster Management Authority Director General Mujhaid

Published 08 Oct, 2012 12:00am

55 jobless youths given interest-free loans

55 jobless youths given interest-free loans

The interest free loans repayable in two years were advanced to the jobless technical youths for setting up of small scale businesses under the self-employment scheme. Former Punjab Governor Khalid Maqbool, who also heads a NGO 'Jazba Foundation', told AP

Published 08 Oct, 2012 12:00am

Entry of people like Raymond Davis to be restricted: Malik

Entry of people like Raymond Davis to be restricted: Malik

Pakistan Interior Minister Rehman Malik said that they will not allow any American citizen like Raymond Davis to enter the country. While talking to a private television channel, Malik said that the visa policy has been revived after the Raymond Davis inc

Published 08 Oct, 2012 12:00am

7th anniversary of 2005 Earthquake today

7th anniversary of 2005 Earthquake today

The 7th anniversary of 2005 earthquake that hit Azad Kashmir and Northern Pakistan will be observed across the country on Monday (08th October, 2012) The victims of 2005 earthquake will be remembered and eulogised in various prayers and remembrance ceremo

Published 08 Oct, 2012 12:00am

Coal-based power generation Government's decision lauded

Coal-based power generation Government's decision lauded

The Pakistan Economy Watch (PEW) on Sunday lauded the landmark policy decision of the federal government to use Thar coal for coal-based power generation and all conversions of existing as well as construction of new power projects will be designed on Tha

Published 08 Oct, 2012 12:00am

Sialkot-Gujrat trade team leaves for Mauritius today

Sialkot-Gujrat trade team leaves for Mauritius today

A 10-member trade delegation of leading Sialkot and Gujrat-based industrialists and exporters will leave for Mauritius on Monday (today) to attend international 'Light Engineering Conference'.

Published 08 Oct, 2012 12:00am

Anti-Islam film: Afghan cleric offers cash for death of producer

Anti-Islam film: Afghan cleric offers cash for death of producer

An Afghan cleric has offered rewards totalling $400,000 for anyone killing the producer of a US-made anti-Islam film and a French cartoonist. "I have offered $300,000 to anyone who kills the anti-Islam film producer and $100,000 for killing the French car

Published 08 Oct, 2012 12:00am

Anti-Islam film: Afghan cleric offers cash for death of producer

Anti-Islam film: Afghan cleric offers cash for death of producer

An Afghan cleric has offered rewards totalling $400,000 for anyone killing the producer of a US-made anti-Islam film and a French cartoonist. "I have offered $300,000 to anyone who kills the anti-Islam film producer and $100,000 for killing the French car

Published 08 Oct, 2012 12:00am

Russia marks Putin's 60th birthday

Russia marks Putin's 60th birthday

Russia's President Vladimir Putin turned 60 on Sunday, the official retirement age in the country he has dominated for the past 12 years, as his supporters celebrated his leadership and machismo. This year's birthday, though marked by the usual praise fro

Published 08 Oct, 2012 12:00am

Russia marks Putin's 60th birthday

Russia marks Putin's 60th birthday

Russia's President Vladimir Putin turned 60 on Sunday, the official retirement age in the country he has dominated for the past 12 years, as his supporters celebrated his leadership and machismo. This year's birthday, though marked by the usual praise fro

Published 08 Oct, 2012 12:00am

Maldivian court orders arrest of former president

Maldivian court orders arrest of former president

A court in the Maldives on Sunday ordered the arrest of the country's first democratically-elected president Mohamed Nasheed, who has challenged the legality of a criminal trial against him. The Hulhumale magistrates court issued the arrest warrant after

Published 08 Oct, 2012 12:00am

Maldivian court orders arrest of former president

Maldivian court orders arrest of former president

A court in the Maldives on Sunday ordered the arrest of the country's first democratically-elected president Mohamed Nasheed, who has challenged the legality of a criminal trial against him. The Hulhumale magistrates court issued the arrest warrant after

Published 08 Oct, 2012 12:00am

Overstayed goods at bonded warehouses: importers to face penalties for dishonoured cheques

Overstayed goods at bonded warehouses: importers to face penalties for dishonoured cheques

The Federal Board of Revenue (FBR) has decided to invoke prosecution provisions of the Customs Act 1969 against importers, whose financial securities including post-dated cheques and bank guarantees could not be encashed for release of overstayed goods in

Published 08 Oct, 2012 12:00am

Overstayed goods at bonded warehouses: importers to face penalties for dishonoured cheques

Overstayed goods at bonded warehouses: importers to face penalties for dishonoured cheques

The Federal Board of Revenue (FBR) has decided to invoke prosecution provisions of the Customs Act 1969 against importers, whose financial securities including post-dated cheques and bank guarantees could not be encashed for release of overstayed goods in

Published 08 Oct, 2012 12:00am

Overstayed goods at bonded warehouses: importers to face penalties for dishonoured cheques

Overstayed goods at bonded warehouses: importers to face penalties for dishonoured cheques

The Federal Board of Revenue (FBR) has decided to invoke prosecution provisions of the Customs Act 1969 against importers, whose financial securities including post-dated cheques and bank guarantees could not be encashed for release of overstayed goods in

Published 08 Oct, 2012 12:00am

US issues terror alert for its citizens in Islamabad

US issues terror alert for its citizens in Islamabad

The United States on Sunday urged its nationals in Islamabad to avoid going to parts of the city because of possible terror attacks, its embassy said. The message posted on the US embassy website identified "key government installations in the downtown ar

Published 08 Oct, 2012 12:00am

US issues terror alert for its citizens in Islamabad

US issues terror alert for its citizens in Islamabad

The United States on Sunday urged its nationals in Islamabad to avoid going to parts of the city because of possible terror attacks, its embassy said. The message posted on the US embassy website identified "key government installations in the downtown ar

Published 08 Oct, 2012 12:00am

Sudan military plane crashes near capital, kills 15

Sudan military plane crashes near capital, kills 15

A Sudanese military plane carrying personnel and equipment to the strife-torn Darfur region crashed near the capital Khartoum on Sunday killing 15 people on board, the army said. The plane's engine stopped working and the pilot was trying to make an emerg

Published 08 Oct, 2012 12:00am

Sudan military plane crashes near capital, kills 15

Sudan military plane crashes near capital, kills 15

A Sudanese military plane carrying personnel and equipment to the strife-torn Darfur region crashed near the capital Khartoum on Sunday killing 15 people on board, the army said. The plane's engine stopped working and the pilot was trying to make an emerg

Published 08 Oct, 2012 12:00am

Spain faces fresh street protests as unions call for strike

Spain faces fresh street protests as unions call for strike

Thousands of Spaniards marched in cities across the country on Sunday to decry tough austerity measures, part of a growing protest movement that shows no signs of abating and could culminate in a general strike in November.

Published 08 Oct, 2012 12:00am

Spain faces fresh street protests as unions call for strike

Spain faces fresh street protests as unions call for strike

Thousands of Spaniards marched in cities across the country on Sunday to decry tough austerity measures, part of a growing protest movement that shows no signs of abating and could culminate in a general strike in November.

Published 08 Oct, 2012 12:00am

Spain faces fresh street protests as unions call for strike

Spain faces fresh street protests as unions call for strike

Thousands of Spaniards marched in cities across the country on Sunday to decry tough austerity measures, part of a growing protest movement that shows no signs of abating and could culminate in a general strike in November.

Published 08 Oct, 2012 12:00am

Libyan assembly rejects cabinet, dismisses Prime Minister

Libyan assembly rejects cabinet, dismisses Prime Minister

Libyan premier Mustafa Abu Shagur was dismissed on Sunday after the General National Congress rejected his proposed "crisis" cabinet of just 10 ministers, days after his first line-up was also turned down.

Published 08 Oct, 2012 12:00am

Libyan assembly rejects cabinet, dismisses Prime Minister

Libyan assembly rejects cabinet, dismisses Prime Minister

Libyan premier Mustafa Abu Shagur was dismissed on Sunday after the General National Congress rejected his proposed "crisis" cabinet of just 10 ministers, days after his first line-up was also turned down.

Published 08 Oct, 2012 12:00am

Pakistan and World Bank sign eight new projects worth $2.24 billion

Pakistan and World Bank sign eight new projects worth $2.24 billion

Pakistan has signed eight new projects worth $2.24 billion with the World Bank while six projects of $69 million have been signed with Multi Donor Trust Fund (MDTF) during the last fiscal year.

Published 08 Oct, 2012 12:00am

Pakistan and World Bank sign eight new projects worth $2.24 billion

Pakistan and World Bank sign eight new projects worth $2.24 billion

Pakistan has signed eight new projects worth $2.24 billion with the World Bank while six projects of $69 million have been signed with Multi Donor Trust Fund (MDTF) during the last fiscal year.

Published 08 Oct, 2012 12:00am

Pakistan and World Bank sign eight new projects worth $2.24 billion

Pakistan and World Bank sign eight new projects worth $2.24 billion

Pakistan has signed eight new projects worth $2.24 billion with the World Bank while six projects of $69 million have been signed with Multi Donor Trust Fund (MDTF) during the last fiscal year.

Published 08 Oct, 2012 12:00am

Water and power ministry: PM-minister tussle leads to bureaucrat''s exit

Water and power ministry: PM-minister tussle leads to bureaucrat''s exit

Sacking of Secretary Water and Power, Zafar Mahmood, is reportedly the outcome of a cold war between Prime Minister Raja Pervez Ashraf and Minister for Water and Power Ahmad Mukhtar. Secretary Cabinet, Nargis Sethi, who was given an additional charge of M

Published 08 Oct, 2012 12:00am

Water and power ministry: PM-minister tussle leads to bureaucrat's exit

Water and power ministry: PM-minister tussle leads to bureaucrat's exit

Sacking of Secretary Water and Power, Zafar Mahmood, is reportedly the outcome of a cold war between Prime Minister Raja Pervez Ashraf and Minister for Water and Power Ahmad Mukhtar. Secretary Cabinet, Nargis Sethi, who was given an additional charge of M

Published 08 Oct, 2012 12:00am

Water and power ministry: PM-minister tussle leads to bureaucrat's exit

Water and power ministry: PM-minister tussle leads to bureaucrat's exit

Sacking of Secretary Water and Power, Zafar Mahmood, is reportedly the outcome of a cold war between Prime Minister Raja Pervez Ashraf and Minister for Water and Power Ahmad Mukhtar. Secretary Cabinet, Nargis Sethi, who was given an additional charge of M

Published 08 Oct, 2012 12:00am

Turkey fires artillery into Syria after shelling

Turkey fires artillery into Syria after shelling

Turkish forces fired across the frontier into Syria on Sunday after a shell launched from Syria landed in Turkey's border town of Akcakale, underlining Ankara's warning that it will respond with force to any violence spilling over into its territory.

Published 08 Oct, 2012 12:00am

Future spreads decline by 20 basis points

Future spreads decline by 20 basis points

The future spreads reduced by 20 basis points during the outgoing week, down 10.56 percent from previous week''''s 10.76 percent. Trading activities at the futures counter remained low as the average daily volumes decreased by 36.5 percent to close at 12.

Published 08 Oct, 2012 12:00am

Future spreads decline by 20 basis points

Future spreads decline by 20 basis points

The future spreads reduced by 20 basis points during the outgoing week, down 10.56 percent from previous week''s 10.76 percent. Trading activities at the futures counter remained low as the average daily volumes decreased by 36.5 percent to close at 12.06

Published 08 Oct, 2012 12:00am

Future spreads decline by 20 basis points

Future spreads decline by 20 basis points

The future spreads reduced by 20 basis points during the outgoing week, down 10.56 percent from previous week's 10.76 percent. Trading activities at the futures counter remained low as the average daily volumes decreased by 36.5 percent to close at 12.06

Published 08 Oct, 2012 12:00am

Future spreads decline by 20 basis points

Future spreads decline by 20 basis points

The future spreads reduced by 20 basis points during the outgoing week, down 10.56 percent from previous week's 10.76 percent. Trading activities at the futures counter remained low as the average daily volumes decreased by 36.5 percent to close at 12.06

Published 08 Oct, 2012 12:00am

Index touches highest level

Index touches highest level

A bullish trend was witnessed on the Karachi share market during the outgoing week ended October 5 with investors anticipating another round of monetary easing by the State Bank of Pakistan (SBP). The benchmark KSE-100 index hit highest levels during the

Published 08 Oct, 2012 12:00am

Index touches highest level

Index touches highest level

A bullish trend was witnessed on the Karachi share market during the outgoing week ended October 5 with investors anticipating another round of monetary easing by the State Bank of Pakistan (SBP). The benchmark KSE-100 index hit highest levels during the

Published 08 Oct, 2012 12:00am

Index touches highest level

Index touches highest level

A bullish trend was witnessed on the Karachi share market during the outgoing week ended October 5 with investors anticipating another round of monetary easing by the State Bank of Pakistan (SBP). The benchmark KSE-100 index hit highest levels during the

Published 08 Oct, 2012 12:00am

Iran parliament may halt Ahmadinejad economic policy

Iran parliament may halt Ahmadinejad economic policy

Iran's parliament voted on Sunday to consider suspending plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge of the rial currency. Subsidy reform has been a centrepiece of the econo

Published 08 Oct, 2012 12:00am

Iran parliament may halt Ahmadinejad economic policy

Iran parliament may halt Ahmadinejad economic policy

Iran's parliament voted on Sunday to consider suspending plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge of the rial currency. Subsidy reform has been a centrepiece of the econo

Published 08 Oct, 2012 12:00am

Power crisis poses serious threat to growth prospects: MoF informs ECC

Power crisis poses serious threat to growth prospects: MoF informs ECC

Finance Ministry has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that the electricity crisis in the country is posing a serious threat to the budget deficit''s target and economic stability in the wake of massive subsides

Published 08 Oct, 2012 12:00am

Power crisis poses serious threat to growth prospects: MoF informs ECC

Power crisis poses serious threat to growth prospects: MoF informs ECC

Finance Ministry has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that the electricity crisis in the country is posing a serious threat to the budget deficit's target and economic stability in the wake of massive subsides,

Published 08 Oct, 2012 12:00am

Power crisis poses serious threat to growth prospects: MoF informs ECC

Power crisis poses serious threat to growth prospects: MoF informs ECC

Finance Ministry has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that the electricity crisis in the country is posing a serious threat to the budget deficit's target and economic stability in the wake of massive subsides,

Published 08 Oct, 2012 12:00am

THE RUPEE: falls on IMF, oil payments, Hajj buying

THE RUPEE: falls on IMF, oil payments, Hajj buying

Pakistan rupee depreciated against the dollar during the week ended on October 6 owing to the International Monetary Fund (IMF) and oil payments and buying by intending Hajis. Rupee slid versus the dollar in the interbank market, losing 56 paisa with a pu

Published 08 Oct, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 25	154.29
USD to Swiss Franc / Nov 25	0.89
Pound Sterling to USD / Nov 25	1.26
Euro to USD / Nov 25	1.05

Stock	Volume
S&P 500 / Nov 22	5,969.34
Nasdaq / Nov 22	18,003.65
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59
France CAC40 / Nov 22	7,255.01
India Sensex / Nov 25	80,331.40
Tokyo Nikkei / Nov 25	38,933.62

Item	Value
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 25	70.68
Karachi Cotton PKR/37.32 KG / Nov 25	17,685
Gold Spot USD/Ounce / Nov 25	2,664.27
Cotton US¢/pound / Nov 25	71.20
Petrol/Litre / Nov 26	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 26 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 26 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 26 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 26 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 26 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 26 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 26 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 26 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
Waves Home Appliances / Nov 26 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

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KSE-100 settles above 98,000 for the first time as buying rally continues

KSE-100 settles above 98,000 for the first time as buying rally continues

Gold price per tola falls Rs4,300 in Pakistan

Gold price per tola falls Rs4,300 in Pakistan

Prosecution of non-filers: Tax expert supports upcoming tax law

Prosecution of non-filers: Tax expert supports upcoming tax law

Stabilisation without growth: ventilators are not for recovery

Stabilisation without growth: ventilators are not for recovery

Hundreds of PTI workers held: Gandapur, Bushra led convoy heading towards capital

Hundreds of PTI workers held: Gandapur, Bushra led convoy heading towards capital

‘Misleading statement’: FTO orders investigation against FBR officials

‘Misleading statement’: FTO orders investigation against FBR officials

Dealing with the solar power rush

Dealing with the solar power rush

PPRA refuses to relax rules for Nadra procurement

PPRA refuses to relax rules for Nadra procurement