News Archives for Print - 2012-11-21

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (November 20, 2012).

Published 21 Nov, 2012 12:00am

Kayani attends TPC meeting at Kabul

The 36th meeting of Tripartite Commission (TPC) was held at Afghan Ministry of Defence, Kabul on Tuesday, which was part of Tripartite Co-ordination Mechanism. The meeting was attended by Chief of Army Staff General Ashfaq Pervez Kayani, Acting ISAF Comma

Published 21 Nov, 2012 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (November 20, 2012).

Published 21 Nov, 2012 12:00am

Hamas says Gaza truce agreed; Israel, Egypt say no deal yet: US blocks UN Security Council action

A Hamas official said Egyptian mediators had clinched a truce with Israel on Tuesday that would go into effect within hours, but Egypt and Israel said a Gaza cease-fire deal was still up in the air after a week of fighting. "The talks are still continuing

Published 21 Nov, 2012 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (November 20, 2012).

Published 21 Nov, 2012 12:00am

Hamas says Gaza truce agreed; Israel, Egypt say no deal yet: US blocks UN Security Council action

A Hamas official said Egyptian mediators had clinched a truce with Israel on Tuesday that would go into effect within hours, but Egypt and Israel said a Gaza cease-fire deal was still up in the air after a week of fighting. "The talks are still continuing

Published 21 Nov, 2012 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 21 Nov, 2012 12:00am

State Bank of Pakistan conversion rates

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

Published 21 Nov, 2012 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (November 20, 2012).

Published 21 Nov, 2012 12:00am

New York cotton

The fluctuations observed during the day:

Published 21 Nov, 2012 12:00am

New York cotton

The fluctuations observed during the day:

Published 21 Nov, 2012 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 21 Nov, 2012 12:00am

Investment opportunities in Pakistan

Pakistan is amongst the important emerging economies of the region, with population of 180 million plus, ideal location for access to all the growing markets of the world, with liberal and investor friendly policies. The investment policy of Pakistan offe

Published 21 Nov, 2012 12:00am

Developing Eight (D-8): The road map for enhancement of trade and investment

The idea of the establishment of the Developing Eight Organisation for Economic Co-operation, which has come to be known as D-8, goes back to the "Co-operation for Development" Conference, held in October 1996 in Istanbul at the initiative of late Profess

Published 21 Nov, 2012 12:00am

Message from President FPCCI

It is with great pleasure that I extend warm felicitations to the peoples and governments of fellow D-8 (Developing 8) member states on the occasion of D-8 Business Forum.

Published 21 Nov, 2012 12:00am

Message from Secretary BOI

I extend warm welcome to all the visiting guests from D-8 countries to Pakistan and hope the business and investors community will be attracted by project proposals and benefit from the presence of Pakistani counterpart companies for joint collaboration.

Published 21 Nov, 2012 12:00am

Message from Minister of State/Chairman BOI

I welcome the delegates and participants of the D-8 Business Forum. This Business Forum has become a regular feature on the sideline of D-8 Summit, which provides a platform for the private sector under a common umbrella to promote private sector activiti

Published 21 Nov, 2012 12:00am

Message from Prime Minister of Pakistan

I extend a very warm welcome to all the dignitaries of the D-8 countries who are visiting Pakistan in connection with the D-8 Business Forum. This Forum, I am sure, will provide an opportunity to explore enormous business potential of member countries.

Published 21 Nov, 2012 12:00am

Message from President Islamic Republic of Pakistan

I am pleased to extend a very warm welcome to all the delegates from D-8 countries to Islamabad and wish them productive and fruitful deliberations in taking concrete measures to forge close economic ties among ourselves and explore new economic opportuni

Published 21 Nov, 2012 12:00am

SPONSORS WRITE-UPS: HABIB BANK LIMITED (HBL)

HBL was the first commercial bank to be established in Pakistan in 1947. Over the years, HBL has growth its branch network and become the largest private sector bank with over 1,450 branches across the country and a customer base exceeding five million re

Published 21 Nov, 2012 12:00am

SPONSORS WRITE-UPS: KARACHI ELECTRIC SUPPLY COMPANY

Karachi Electric Supply Company is principally engaged in generation, transmission and distribution of electric energy to industrial, commercial, agricultural and residential areas that fall under its network. KESC is one of Karachi's largest employers: a

Published 21 Nov, 2012 12:00am

SPONSORS WRITE-UPS: CENTRAL DEPOSITORY COMPANY OF PAKISTAN LIMITED (CDC)

Recognising the role and importance of human resource management in the workplace has long become one of the dire needs for thriving organisations world-wide. Similarly, the demand for qualified and trained employees is rising in every industry discipline

Published 21 Nov, 2012 12:00am

SPONSORS WRITE-UPS: ENGRO CORPORATION LIMITED

Engro is one of the largest diversified business conglomerates from Pakistan operating businesses in foods, fertilisers, petrochemicals, energy and commodity trade. Our diversified investments and growth orientation coupled with our consistent and reliabl

Published 21 Nov, 2012 12:00am

ACCESS TO FINANCE: The Rise of Capital Markets in Emerging and Frontier Economies

ACCA's new series of publications on capital markets, formally launched at the 2012 Council Meeting in Nairobi, Kenya, consists of two parts. The discussion paper, The rise of capital markets in emerging and frontier economies, provides a review of the ac

Published 21 Nov, 2012 12:00am

SPONSORS WRITE-UPS: TAMEER MICRONFINANCE BANK

Tameer Microfinance Bank (TMFB) distinguishes itself from other microfinance banks by being one of the first nation-wide, private sector, non-NGO transformed, commercially sustainable microfinance instructions in Pakistan. Tameer Microfinance Bank aims to

Published 21 Nov, 2012 12:00am

SPONSORS WRITE-UPS: NESTLE PAKISTAN LIMITED

Nestle's global vision is to be the recognised leading nutrition, health and wellness company. Our vision in Pakistan includes a dynamic, passionate and professional workforce - proud of our heritage and positive about the future and most importantly prou

Published 21 Nov, 2012 12:00am

PLATINUM SPONSOR WRITE-UP: COCA-COLA BEVERAGES PAKISTAN LIMITED

As a part of its drive to enhance the quality, availability, and image of Coca-Cola products, the Coca-Cola Company established a new company in Pakistan in 1996, by the name of 'Coca-Cola Beverages Pakistan Limited' (CCBPL). CCBPL started the process of

Published 21 Nov, 2012 12:00am

Finance Transformation: Building a Bettr Business through Finance Diversity

A new world for the finance function in 2012: The CFO and the finance function in 2012 are operating in a new world. Companies around the world face almost unprecedented uncertainty and the business environment is more complex and changing q

Published 21 Nov, 2012 12:00am

Risk and Reward: Tempering The Pursuit Of Profit

The financial crisis that began in 2007 has put the spotlight firmly on how corporate, especially those in the financial sector, have addressed issues such as risk, reward, governance and ethics. ACCA and others have argued that failings in these areas pl

Published 21 Nov, 2012 12:00am

ABOUT THE CONFERENCE

The global forum emphasises the need for discussions about talent management, corporate transparency, promotion of economic growth through capital markets and business accountability. The forum is a part of ACCA's series of discussions on Accountants for

Published 21 Nov, 2012 12:00am

Message from head of ACCA Pakistan, Arif Masud Mirza

On behalf of ACCA, the global body for professional accountants, I am delighted to welcome you to this year's Accountants for Business Global Forum Pakistan 2012. Over the years ACCA Pakistan has set the legacy of bringing tougher finance professionals an

Published 21 Nov, 2012 12:00am

Message from ACCA president, Professor Barry Cooper

This important form looks at a range of issues which are central to businesses and the finance profession. Key among these in my opinion, is that of risk and reward.

Published 21 Nov, 2012 12:00am

Message from ACCA chief executive, Helen Brand OBE

As economies continue to make a recovery from the events of recent years, at ACCA, we believe it is important to provide opportunities to policy makers, regulators, the business community and leading accountancy practices to share their experiences and id

Published 21 Nov, 2012 12:00am

US Midwest corn, soya bids steady

Spot basis bids for corn and soyabeans held mostly steady across the US Midwest on Monday as farmer offerings of each crop remained light despite a rally at the Chicago Board of Trade, grain merchants said. Futures for each crop jumped about 1 percent, re

Published 21 Nov, 2012 12:00am

Indian sugar futures fall on poor demand

Indian sugar futures fell on Tuesday on strong selling by mills amid lacklustre demand in spot market, and in anticipation of the start of cane crushing in top-producing Maharashtra state. Most factories in Maharashtra, the top sugar producer in the count

Published 21 Nov, 2012 12:00am

Brazil's coffee zones to get helpful, heavier rains

Rains over Brazil's south-eastern coffee belt will intensify by the end of the week, providing a helpful boost to soil moisture levels in the early stages of the crop's development, private weather forecaster Somar said on Tuesday. In the arabica-growing

Published 21 Nov, 2012 12:00am

Vietnam's coffee lower prices discourage farmers to sale beans

Coffee farmers in Vietnam were slowing sales of fresh beans as prices remain below the key 40,000 dong per kg level, traders said on Tuesday, underscoring predictions of a drop in export volumes for November. With around half of this season's crop picked,

Published 21 Nov, 2012 12:00am

EU wheat prices fall

Wheat prices in western Europe were lower on Tuesday with the outlook for exports dented by the rise in the value of the euro this week. "Overall the euro's firmness this week coupled with rising European prices has taken a tick out of the EU's export com

Published 21 Nov, 2012 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 90,076 tonnes of cargo comprising 44,476 tonnes of import cargo and 45,600 tonnes of export cargo including 4,782 loaded & empty containers during the last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 44,476

Published 21 Nov, 2012 12:00am

Oil cake market rates

The December vaida was unchanged while the January contract was higher on the forward cottonseeds oilcake market on Tuesday, dealers said. The December vaida closed at Rs 444.30 and it opened with no change at the same rate, they said. The January contrac

Published 21 Nov, 2012 12:00am

Trading activity improves on cotton market

Forward buying by mills and spinners ahead of Muharram holidays, improved trading on the cotton market on Tuesday, dealers said. Official spot rate was unchanged at Rs 5,900, they said. Nearly 16,000 bales of cotton changed hands between Rs 5700-6100, the

Published 21 Nov, 2012 12:00am

Small business on grain market

Some changes were seen on the wholesale grain market on Tuesday as many buyers failed to make deals at the higher rates, dealers said. On the rice sector, Irri-white (broken) low type gained Rs 20 to Rs 2525 because a few buyers showed interest in purchas

Published 21 Nov, 2012 12:00am

HRW wheat bids steady

Spot basis bids for hard red winter wheat in the US Plains were steady on Tuesday in a quiet market, merchants said. The new winter wheat crop continued to struggle with a lack of adequate soil moisture in many areas. The US Department of Agriculture said

Published 21 Nov, 2012 12:00am

Oil World cuts Argentine, Brazilian soyabean crop forecasts

Hamburg-based oilseeds analysts Oil World said on Tuesday it has cut its forecasts of 2013 soyabean harvests in Argentina and Brazil by a combined 3 million tonnes because of unfavourable weather disrupting sowings in both countries. Oil World now forecas

Published 21 Nov, 2012 12:00am

Best Buy results, same-store sales weak; shares tumble

Best Buy Co Inc shares fell to their lowest level in a decade on Tuesday as the electronics retailer reported a weaker-than-expected quarterly profit and same-store sales fell for the ninth time in 10 quarters. The shares tumbled 14 percent to $11.79 in m

Published 21 Nov, 2012 12:00am

Best Buy results, same-store sales weak; shares tumble

Best Buy Co Inc shares fell to their lowest level in a decade on Tuesday as the electronics retailer reported a weaker-than-expected quarterly profit and same-store sales fell for the ninth time in 10 quarters. The shares tumbled 14 percent to $11.79 in m

Published 21 Nov, 2012 12:00am

EasyJet doubles dividend

British low-cost airline easyJet doubled its dividend after annual results showed it took business from fading European rivals and customers bought more cheap flights for late summer holidays. Competitors are struggling to deal with high fuel costs, weak

Published 21 Nov, 2012 12:00am

EasyJet doubles dividend

British low-cost airline easyJet doubled its dividend after annual results showed it took business from fading European rivals and customers bought more cheap flights for late summer holidays. Competitors are struggling to deal with high fuel costs, weak

Published 21 Nov, 2012 12:00am

Poland sells Kyoto units to World Bank for 21 million euros

Poland sold some of its surplus of United Nations'-backed emission rights to two carbon funds managed by the World Bank for a total of 21 million euros ($26.68 million), its Environment Ministry and the bank said in a joint statement on Monday. The so-cal

Published 21 Nov, 2012 12:00am

Concealed votes knock 'shareholder spring' off course

Asset managers running trillions of pounds of pension fund cash are falling short with efforts to stamp out excessive boardroom pay. Only months after the so-called shareholder spring promised a revolution in the way executives are paid, research by indus

Published 21 Nov, 2012 12:00am

Concealed votes knock 'shareholder spring' off course

Asset managers running trillions of pounds of pension fund cash are falling short with efforts to stamp out excessive boardroom pay. Only months after the so-called shareholder spring promised a revolution in the way executives are paid, research by indus

Published 21 Nov, 2012 12:00am

HP alleges Autonomy wrongdoing, takes $5 billion charge

Hewlett-Packard Co on Tuesday took a massive $5 billion charge, claiming a raft of improprieties, misrepresentation and disclosure failures at software firm Autonomy, which it acquired last October for $11.1 billion. HP said it discovered "serious account

Published 21 Nov, 2012 12:00am

Credit Suisse shuffles top executives, merges units

Credit Suisse's private banking arm will swallow its smaller asset management unit and absorb some investment bank activities, triggering a management shake-up of those jockeying to succeed its chief executive. The Zurich-based bank also reinforced its co

Published 21 Nov, 2012 12:00am

Credit Suisse shuffles top executives, merges units

Credit Suisse's private banking arm will swallow its smaller asset management unit and absorb some investment bank activities, triggering a management shake-up of those jockeying to succeed its chief executive. The Zurich-based bank also reinforced its co

Published 21 Nov, 2012 12:00am

Bernanke steps up warning over fiscal cliff

US Federal Reserve chairman Ben Bernanke stepped up his warning Tuesday over the looming 'fiscal cliff,' saying its mandatory tax hikes and spending cuts pose a "substantial threat" to the country's economic recovery. With government leaders locked in cru

Published 21 Nov, 2012 12:00am

China's FDI inflows slow, stay on track for $100 billion

China's foreign direct investment is on track to top $100 billion in 2012 even as the longest run of year-on-year declines in inflows since 2009 extended into October, dragged down by an uncertain outlook for corporate spending as global trade sags.

Published 21 Nov, 2012 12:00am

France to answer ratings downgrade with reforms

France said on Tuesday it would respond to a Moody's credit downgrade by pushing on with reforms, complaining that the ratings agency had overlooked steps already taken to revamp the euro zone's second-largest economy. France lost its prized triple-A badg

Published 21 Nov, 2012 12:00am

China escalates subsidies spat with US, asks for WTO ruling

China is to ask the World Trade Organisation to rule on its latest commercial spat with the United States, the WTO said on Tuesday, hoping it will back Beijing's complaint that punitive US tariffs imposed on a raft of Chinese goods are illegal.

Published 21 Nov, 2012 12:00am

Glenstrata deal costs chairman Bond his job

Shareholders in Xstrata prompted the resignation of the miner's chairman on Tuesday as they voted through a $31 billion take-over by trader Glencore but twice snubbed a controversial pay plan to retain key managers. Xstrata Chairman John Bond, formerly ch

Published 21 Nov, 2012 12:00am

Dubai ruler trims Investment Corp of Dubai's board

Dubai's ruler has trimmed the board of Investment Corporation of Dubai (ICD), the emirate's investment arm, cutting it down to five members from six, state news agency WAM reported on Tuesday. Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum will conti

Published 21 Nov, 2012 12:00am

Italy says ready to use its veto at EU budget summit

Italy is ready to veto an agreement on the next longterm EU budget during this week's summit should it go against the country's interests, its European Affairs Minister Enzo Moavero said Tuesday. "Italy is ready to use its veto if the agreement is unfair

Published 21 Nov, 2012 12:00am

UBS trader gets seven years jail for $2.3 billion fraud

Former UBS trader Kweku Adoboli was convicted and sentenced to seven years in jail on Tuesday for the biggest fraud in British history, which resulted in a loss of $2.3 billion for the Swiss bank. Ghanaian-born Adoboli, 32, a senior trader on the Exchange

Published 21 Nov, 2012 12:00am

UBS trader gets seven years jail for $2.3 billion fraud

Former UBS trader Kweku Adoboli was convicted and sentenced to seven years in jail on Tuesday for the biggest fraud in British history, which resulted in a loss of $2.3 billion for the Swiss bank. Ghanaian-born Adoboli, 32, a senior trader on the Exchange

Published 21 Nov, 2012 12:00am

US housing starts hit four-year high in October

US housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was gaining steam, even though permits for future construction fell. The Commerce Department said on Tuesday housing starts increased 3

Published 21 Nov, 2012 12:00am

Australian shares rally

Australian shares rallied 0.6 percent on Tuesday, supported by miners, as hopes of a compromise in the US fiscal crisis and comments from the Australian central bank that it was open to interest rate cuts boosted sentiment. The benchmark S&P/ASX 200 index

Published 21 Nov, 2012 12:00am

Hong Kong shares slip; China hovers at lowest since early 2009

Chinese shares fell in weak trading on Tuesday, dragging down Hong Kong markets, after data showed that direct foreign investment in China fell for a 10th straight month and big Chinese consumer firms reported weak results. The Hang Seng Index closed down

Published 21 Nov, 2012 12:00am

Indian shares flat in volatile trade; Infosys falls

Indian shares ended flat on Tuesday, with Infosys falling as a recent uptick in the stock was seen as unjustified given concerns over its business outlook, while Mahindra & Mahindra rose to a record on expectations of improving sales during the festival s

Published 21 Nov, 2012 12:00am

Tuesday's midday trade: stocks up as bargain hunting offsets HP, France

US stocks inched higher on Tuesday, reversing earlier declines after bargain hunters stepped in to buy beaten-down shares and offset the impact of Hewlett-Packard's accounting charge and France losing its triple-A credit rating. The S&P 500 briefly dipped

Published 21 Nov, 2012 12:00am

Budget talk optimism spurs Wall Street rally

US stocks bounced higher for a second consecutive session on Monday as investors were encouraged by the early atmosphere surrounding talks to tackle the nation's fiscal crunch. Stronger-than-expected earnings from Lowe's and Tyson Foods, as well as encour

Published 21 Nov, 2012 12:00am

US bonds prices fall

US bond prices fell on Monday as signs of progress in government talks to avoid a looming budget crisis boosted demand for riskier assets like stocks and reduced the attractiveness of safe-haven bonds. In the past two weeks Treasuries yields have fallen t

Published 21 Nov, 2012 12:00am

US bonds prices fall

US bond prices fell on Monday as signs of progress in government talks to avoid a looming budget crisis boosted demand for riskier assets like stocks and reduced the attractiveness of safe-haven bonds. In the past two weeks Treasuries yields have fallen t

Published 21 Nov, 2012 12:00am

Nikkei ends four-session winning streak

The Nikkei ended a four-day winning run on Tuesday as investors took profits in exporters, which had rallied on hopes Japan's main opposition party would win next month's election and pressure the central bank for more stimulus steps. But losses were limi

Published 21 Nov, 2012 12:00am

European shares up

European equities edged higher on Tuesday, building on the previous session's strong gains and bolstered by expectations that euro zone finance ministers will approve the next tranche of bailout cash for Greece. Top officials signalled they were hopeful t

Published 21 Nov, 2012 12:00am

Southeast Asian markets: Philippines at record high

Major Southeast Asian stock markets closed higher on Tuesday, with the Philippines hitting a record high on hopes that the US Congress reaches a compromise to avoid the "fiscal cliff" that threatens to derail the world's largest economy. Optimism over ave

Published 21 Nov, 2012 12:00am

Taiwan stocks move up

Taiwan stocks ended up 0.23 percent on Tuesday, lifted by oil stocks, which gained 1.31 percent. The main TAIEX index rose 16.73 points to 7,145.77, paring early gains after opening up 0.7 percent. Electronics shares were flat, while banking shares gained

Published 21 Nov, 2012 12:00am

Seoul shares extend gains

South Korean shares rose for a second day on Tuesday, lifted by hopes for progress in tackling US fiscal woes, but the market pared early gains as a strengthening Korean won hit auto makers. The Korea Composite Stock Price Index (KOSPI), which hit a three

Published 21 Nov, 2012 12:00am

FTSE rises on Glencore-Xstrata deal completion

UK shares reversed early losses on Tuesday, helped by the completion of the long-awaited take-over of miner Xstrata by commodities trader Glencore which boosted both stocks. Xstrata led the risers, adding 3.1 percent, after its shareholders approved the $

Published 21 Nov, 2012 12:00am

Sterling steadies

Sterling held steady near its highest level in more than a week against the dollar on Tuesday, helped by optimism Greece would be given more funding while investors awaited Bank of England minutes. Eurozone finance ministers are expected to give tentative

Published 21 Nov, 2012 12:00am

Yen dangles near seven-month low versus dollar

The yen hovered near a seven-month low against the dollar on Tuesday and was likely to stay under pressure in the near term, dealers said, amid mounting political calls for more aggressive monetary expansion. The yen showed little reaction after the Bank

Published 21 Nov, 2012 12:00am

Euro steadies in London

The euro steadied against the dollar on Tuesday as cautious optimism that euro zone ministers would release funds for Greece offset losses after a cut to France's credit rating. Finance ministers meet later to discuss unlocking delayed aid payments to Gre

Published 21 Nov, 2012 12:00am

Early trade in New York: yen plunges to multi-month lows; euro dips

The yen skidded to a seven-month low versus the dollar and a 6-1/2 month low versus the euro on Tuesday on expectations that the Bank of Japan will soon embark on more aggressive policy action. The euro, meanwhile, dipped against the dollar as a downgrade

Published 21 Nov, 2012 12:00am

Euro moves higher

The euro rose to a near two-week high against the US dollar on Monday, buoyed by appetite for risk on optimism that Greece will receive more funding and signs of progress on resolving a looming US fiscal crisis. The common currency shared by the 17 euro z

Published 21 Nov, 2012 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.10-81.20 (previous 81.20-81.50). Call Money Rates: 07.75-08.00 percent (previous 06.00-09.00 percent).

Published 21 Nov, 2012 12:00am

Yuan ends higher

The Chinese central bank allowed the yuan to trade slightly stronger on Tuesday, but it was still not enough for a market overloaded with dollars as the yuan spent most of the day at the limit of its trading range. The yuan closed at 6.2326 per trade, fir

Published 21 Nov, 2012 12:00am

Won drives Asian forex higher

The South Korean won hit a 14-month high to the dollar on Tuesday supported by comments the country sees no need for fresh steps to curb inflows, leading gains among emerging Asian currencies hopeful about a compromise in the US budget crisis. South Korea

Published 21 Nov, 2012 12:00am

Australian and New Zealand dollars pause

The Australian and New Zealand dollars took a breather against their US counterpart on Tuesday, while the euro survived a ratings downgrade of France with sentiment bolstered by hopes of a Greek aid deal later in the session. The Aussie was steady at $1.0

Published 21 Nov, 2012 12:00am

Indian rupee slightly down

The Indian rupee closed slightly weaker on Tuesday, ending above 55 to the dollar for a third consecutive session, hurt by weakness in domestic shares and by demand for the greenback from oil companies. Traders said they will closely monitor the winter se

Published 21 Nov, 2012 12:00am

International Cricket Coaching Academy: paper work completed for establishment

A paper work has been completed for the establishment of state-of-the-art International Cricket Coaching Academy having International Gym, Indoor and Outdoor Net Practice, Hostel and International Stadium facilities at Narrwala Road in University of Agric

Published 21 Nov, 2012 12:00am

Watson must be fully fit for Test, says Ponting

Former skipper Ricky Ponting weighed into the Shane Watson fitness debate Tuesday saying the Australian vice-captain cannot play in the second Test against South Africa if he's not fully fit. Ponting said the injury-prone all-rounder would put too much pr

Published 21 Nov, 2012 12:00am

Ponting looks to end duck streak

Ricky Ponting is hoping a return to the Adelaide Oval, his favoured hunting ground, will kill his run of ducks against South Africa in Thursday's second Test. The former Test skipper was out for nought in Australia's massive first innings of 565 for five

Published 21 Nov, 2012 12:00am

Defeated Black Caps labelled 'clueless'

New Zealand media on Tuesday labelled the Black Caps "clueless" and "awful" after they crashed to a 10-wicket defeat at the hands of Sri Lanka in the first Test in Galle. "Black Caps self-destruct again", said the headline in the Dominion Post after New Z

Published 21 Nov, 2012 12:00am

Roma strike late to beat Torino

Italy striker Pablo Osvaldo and Miralem Pjanic scored a goal apiece late in the second half to hand Roma a welcome 2-0 win at home to Torino on Monday. Roma's promising start to the season has slowed of late and the Giallorossi went into their 13th game o

Published 21 Nov, 2012 12:00am

Lahore Division win inter-divisional Karate contest

Lahore Division has won the Pakistan Railways Inter-divisional Karate Championship 2012-13 held here at Railway Burt Institute. Five Railways divisions, workshops, Lahore Police, Karachi and Multan took part in the event. Lahore Division defended its titl

Published 21 Nov, 2012 12:00am

Inter-university tug-of-war competition begins

The Government College University Faisalabad (GCUF) is kicking off two-day 'All Pakistan Inter Universities' tug-of-war competition at its Hockey Ground on Wednesday (today) in which teams from 12 universities are participating. The GCUF Vice-Chancellor P

Published 21 Nov, 2012 12:00am

NCA organises a 'Specialised Fielding Course'

With a view to impart training to regional coaches with the latest fielding techniques required for contemporary cricket, National Cricket Academy (NCA) is holding a three-day course from November 21 to 23 here at NCA. Julian Fountain, National Fielding C

Published 21 Nov, 2012 12:00am

Beckham to play last game with Galaxy

Football legend David Beckham says he will play his final game with the Los Angeles Galaxy when the Major League Soccer club hosts Houston in the MLS Cup match next month, but where he goes from there remains a mystery. The 37-year-old former England capt

Published 21 Nov, 2012 12:00am

Nadal back in training after layoff

Former world No 1 Rafael Nadal has returned to training at his Mallorca base after nearly five months on the sidelines with a knee injury. "Today was my first training session after so many weeks out," the Spaniard said on his Facebook page "I am making p

Published 21 Nov, 2012 12:00am

Mancini warns Balotelli ahead of Madrid test

Manchester City coach Roberto Mancini has told troublesome striker Mario Balotelli that hard work is the only thing that can turn him into one of the world's leading players. Mancini's concerns over Balotelli's attitude saw him dropped for the recent 2-1

Published 21 Nov, 2012 12:00am

Christian suspended for dressing room damage

Test allrounder Dan Christian has been handed a one-match ban for repeatedly damaging dressing rooms following his dismissals in games for South Australia, team officials said Tuesday. The South Australian Cricket Association (SACA) said Christian, who wa

Published 21 Nov, 2012 12:00am

Amar Cables T20 contest: Textile Tigers, Lahore Muhammadan qualify for semis

In the third Amar Cables T20 Veteran Cricket Tournament, Textile Tigers and Lahore Muhammadan have qualified for the semi-final place. Textile Tigers defeated SPM Bucks in the tournament's third quarter-final played at Shah Faisal Cricket Ground on Tuesda

Published 21 Nov, 2012 12:00am

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
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 25	248.38
Crude Oil USD/Barrel / Nov 25	70.68
Gold Spot USD/Ounce / Nov 25	2,664.27
Diesel/Litre / Nov 25	255.14

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 25 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 25 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 25 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 25 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 25 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 25 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 25 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 25 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 25 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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