News Archives for Print - 2012-12-26

Financial markets in Australia and New Zealand will remain closed following two days for Christmas and Boxing Day and trading resumes on Thursday. Indian markets and stock market in Seoul will also be closed for Christmas on Tuesday. There will be no emer

Published 26 Dec, 2012 12:00am

Dubai firm Al Habtoor postpones flotation

Al Habtoor Group, one of Dubai's leading family-owned firms, has postponed plans to raise as much as $1.6 billion in a move blamed by analysts on unrealistic price expectations for its stock. The company, whose operations span the hospitality, constructio

Published 26 Dec, 2012 12:00am

Durrani opens 132 KV grid station

Sindh Minister for Local Government Agha Siraj Durrani on Tuesday inaugurated newly constructed 132 KV Grid Station at Garhiyasin. The project was constructed by Sukkur Electric Power Company (SEPCO- WAPDA) at the estimated cost of Rs 340.00 million with

Published 26 Dec, 2012 12:00am

PPP workers leave for Garhi Khuda Bukhsh

Dozens of Pakistan People's Party (PPP) workers' carvans left for Garhi Khuda Bukhsh to attend the death anniversary of Shaheed Mohtarma Benazir Bhutto here on Tuesday. The main caravan led by General Secretary Pakistan People's Party South Punjab MPA Aam

Published 26 Dec, 2012 12:00am

Prime Minister felicitates cricket team

Prime Minister Raja Pervez Ashraf congratulated Pakistan cricket team over its win against India in T-20 Match in Bangalore. The Prime Minister praised the performance of the team and captain's like innings of Muhammad Hafeez. The Prime Minister expressed

Published 26 Dec, 2012 12:00am

Seminar in connection with Quaid's birth anniversary held

A special seminar was held under the banner of Faisalabad Citizen Forum in connection with the Quaid Day. Social Scientist and worker of Tehreek-e-Pakistan Movement Chaudhry Muhammad Saleem was the chief guest on the occasion. Speaking to the audience of

Published 26 Dec, 2012 12:00am

GCU announcement

The Government College University Faisalabad has announced winter vacations only for students till December 30. However, teaching and non-teaching staff has been asked to ensure their presence in campus.

Published 26 Dec, 2012 12:00am

Police van turns turtle; three killed

Three persons were killed while four others sustained injuries when a police van turned turtle in the limits of Boat Basin police station. According to police, a speedy police van carried six civilians and a cop overturned at Shahra-e-Iran, leaving all th

Published 26 Dec, 2012 12:00am

Judges' appointment: summary for issuance of two notifications sent to Prime Minister

The federal law ministry has sent a summary in compliance with the Supreme Court order to the Prime Minister for issuance of notification for the appointment of two judges of the Islamabad High Court (IHC).

Published 26 Dec, 2012 12:00am

Sindh Youth Policy envisages youths' empowerment

Sindh Youth Policy seeks to empower the youths of the province economically, social, and politically, besides proposing effective institutional mechanism and an elaborate action plan divided into short, mid and long term strategies with targets fixed and

Published 26 Dec, 2012 12:00am

Incentives for meat processing industry demanded

Lahore Chamber of Commerce and Industry's Standing Committee on Halal Meat's Convener Nasib Ahmad Saifi urged the government to exempt the meat processing industry from electricity load shedding to help it play its role in making Pakistan an outstanding n

Published 26 Dec, 2012 12:00am

Punjab Governor vows to promote democracy

Punjab Governor Makhdoom Syed Ahmad Mehmood on Tuesday said that he would try his level best to promote democracy and run other affairs amicably in the province. Talking to media persons after taking oath at Governor's House on Tuesday, he urged the provi

Published 26 Dec, 2012 12:00am

Three FC men killed in Balochistan action

Three FC men were killed in separate incidents in Balochistan, officials said on Tuesday. A spokesperson for FC said that two FC men had been killed after a convoy was ambushed the other day in Mehi village while it was on its way to Mashkay from Khuzdar,

Published 26 Dec, 2012 12:00am

Shahbaz urges youth to play active role in progress of country

Punjab Chief Minister Shahbaz Sharif has said that youth will have to come forward and play their active role for resolution of problems of the country as they are future of Pakistan. He said that the key of development and prosperity of the country is wi

Published 26 Dec, 2012 12:00am

Polls to be held on time: Malik

The general elections in the country will be held on schedule, Interior Minister Rehman Malik said on Tuesday. Talking to media persons during a visit to the mausoleum of Quaid-e-Azam Muhammad Ali Jinnah, Malik said that the country was facing carious cha

Published 26 Dec, 2012 12:00am

Death of father of Anis Qaimkhani: Altaf Hussain offers condolences

Chief of Muttahida Qaumi Movement (MQM) Altaf Hussain telephoned Anis Qaimkhani and offered condolences on the death of his father, Hidayat Ali Khan. A press release issued by the party quoted Altaf Hussain as saying that sacrifices rendered by late Hiday

Published 26 Dec, 2012 12:00am

Partly Facetious: Understanding Rahman Malik's English

"Merry Christmas."

Published 26 Dec, 2012 12:00am

Hitachi CEO still in talks on Lithuania nuclear project

Japan's Hitachi Ltd remains in talks with Lithuania over its plans to build a nuclear plant after the European country's new centre-left government said it could shelve nuclear projects, the company's top executive said on Tuesday. Hitachi, a century-old

Published 26 Dec, 2012 12:00am

Japan's SMFG targets Asia non-banking retail market

Sumitomo Mitsui Financial Group Inc (SMFG) plans to speed expansion in Asia via its non-banking units like consumer finance and credit, hoping to lure the region's retail clients, the head of Japan's third-largest lender by assets said.

Published 26 Dec, 2012 12:00am

Japan's SMFG targets Asia non-banking retail market

Published 26 Dec, 2012 12:00am

US lawmakers play waiting game with 'fiscal cliff' deadline in sight

With only a week left before a deadline for the United States to go over a "fiscal cliff," lawmakers played a waiting game on Monday in the hope that someone will produce a plan to avoid harsh budget cuts and higher taxes for most Americans from New Year'

Published 26 Dec, 2012 12:00am

China says to review on-grid power tariffs annually

China will review on-grid power tariffs annually and adjust them if thermal coal prices fluctuate by more than 5 percent a year, the government said on Tuesday, marking a small step towards broader market-oriented energy pricing reforms. China's power tar

Published 26 Dec, 2012 12:00am

Japan's incoming Prime Minister keeps up pressure on BoJ to attack deflation

Incoming Japanese Prime Minister Shinzo Abe kept up his calls on Tuesday for the Bank of Japan to drastically ease monetary policy by setting an inflation target of 2 percent, and repeated that he wants to tame the strong yen to help revive the economy.

Published 26 Dec, 2012 12:00am

Japan's incoming Prime Minister keeps up pressure on BoJ to attack deflation

Published 26 Dec, 2012 12:00am

Jaguar Land Rover's China unit to recall cars over safety worries

Jaguar Land Rover's Chinese subsidiary will recall 337 cars because of substandard fixings in their brakes and steering boxes, China's national product quality watchdog said on Tuesday. The General Administration of Quality Supervision, Inspection and Qua

Published 26 Dec, 2012 12:00am

Japan punishes JX Nippon Oil for safety records failure

Japan's trade ministry on Tuesday imposed administrative sanctions on refiner JX Nippon Oil & Energy Corp after it admitted to failing to keep inspection records properly at its Mizushima-B refinery. The Ministry of Economy, Trade and Industry said in a s

Published 26 Dec, 2012 12:00am

Sony says China business has recovered, foresees growth

Sony Corp's business in China has "more or less" returned to levels seen before recent protests against Japan's actions over a group of disputed islands, the Japanese company's China chief, Nobuki Kurita, told reporters on Tuesday. Calls for boycotts of J

Published 26 Dec, 2012 12:00am

India's Kingfisher files revival plan with air regulator

Grounded Indian carrier Kingfisher Airlines has filed a revival plan with the country's airline regulator, a senior government official said on Tuesday, in an effort to renew its operating license before it expires at the end of the year. Kingfisher, whic

Published 26 Dec, 2012 12:00am

New Jersey pension fund sues NYSE Euronext on ICE deal

A pension fund that holds shares of NYSE Euronext has sued the exchange operator over its proposed $8.2 billion sale to IntercontinentalExchange Inc, saying the deal undervalues the company's stock. The New Jersey Carpenters Pension Fund late on Friday fi

Published 26 Dec, 2012 12:00am

New Jersey pension fund sues NYSE Euronext on ICE deal

Published 26 Dec, 2012 12:00am

South Korea's Daewoo wins $1.8 billion order from Norway

South Korea's Daewoo Shipbuilding and Marine Engineering said Tuesday it had secured a 1.9 trillion won ($1.8 billion) order to build a fixed platform for Norway's Statoil ASA. Daewoo said it would complete the 31,000-ton offshore platform for the product

Published 26 Dec, 2012 12:00am

Turkish central bank adds bank leveraging ratio to policy tool kit

Turkey's central bank will add a required reserve ratio (RRR) based on banks' leverage ratios to its policy tool kit in early 2014 to support financial stability, officials said in an end of year news conference on Tuesday. Laying out its approach on poli

Published 26 Dec, 2012 12:00am

Turkish central bank adds bank leveraging ratio to policy tool kit

Published 26 Dec, 2012 12:00am

Sudan pound hits record low, wage pressure grows

Black market rates for the Sudanese pound hit a record low against the dollar on the black market on Tuesday as importers struggled to get hard currency, likely adding to pressure on the government to raise state salaries.

Published 26 Dec, 2012 12:00am

Brazil minister vows to keep currency competitive

Brazil will continue to take steps to avoid excessive appreciation in the country's real currency following the latest monetary stimulus by the US Federal Reserve, Finance Minister Guido Mantega said. Speaking to businessmen and economists at a conference

Published 26 Dec, 2012 12:00am

Czech central bank hawk almost ready to give in on FX moves

The Czech central bank's most ardent opponent of interest rate cuts signalled she could agree with foreign exchange interventions to weaken the crown and ease policy further, under certain conditions. In an interview with Reuters, Eva Zamrazilova said she

Published 26 Dec, 2012 12:00am

Blocked foreign take-over adds to Canadian dollar's struggles

Canada's dollar will feel longer-term pain from the government's shock decision to block a Malaysian bid to take over Progress Energy Resources Corp, which suggests the country may be less receptive to foreign capital in the future.

Published 26 Dec, 2012 12:00am

Without EU, Iceland central bank favours managed crown float

Iceland should keep the crown currency in a tightly managed float if it stays outside the European Union and does not adopt the euro, its central bank governor said, the first time he has sketched out such an idea. Mar Gudmundsson also told Reuters the ce

Published 26 Dec, 2012 12:00am

Yuan ends flat versus dollar

China's yuan closed little changed against the dollar on Tuesday, with deals mostly limited to urgent business between banks and their clients ahead of the year-end, traders said. The yuan closed at 6.2339 per dollar, down four pips from Monday's close of

Published 26 Dec, 2012 12:00am

Private equity group eyes Abu Dhabi healthcare IPO in 2013

The private equity consortium which owns half of Abu Dhabi healthcare provider Al Noor Medical is reviving plans to sell its stake through a stock market listing in 2013, four sources aware of the matter said. The group, including Dubai-based Ithmar Capit

Published 26 Dec, 2012 12:00am

Private equity group eyes Abu Dhabi healthcare IPO in 2013

Published 26 Dec, 2012 12:00am

Mexican peso seen making little headway into 2013

The Mexican peso's gains are expected to be limited in the coming year, a Reuters poll showed on Thursday, due to concerns about high asset prices and a weak global economy, but the chance of a ratings upgrade could spur value.

Published 26 Dec, 2012 12:00am

Poland's BGK ready to quell any market turmoil

State-owned lender BGK may step back into Polish financial markets to prop up the value of the zloty or government bonds if global turmoil encourages exaggerated moves in prices, its chief executive said. BGK has become a significant player in the past ye

Published 26 Dec, 2012 12:00am

Poland's BGK ready to quell any market turmoil

Published 26 Dec, 2012 12:00am

Yen hits 20-month low against dollar

The yen hit a 20-month low against the dollar on Tuesday as Japan's incoming prime minister stepped up pressure on the Bank of Japan (BOJ) to easy monetary policy, while the dollar was buoyed by uncertainty about US budget talks. The Japanese currency sti

Published 26 Dec, 2012 12:00am

Iran says defeats cyber attack on industrial sites

An Internet virus attacked computers at industrial sites in southern Iran, in an apparent extension of a covert cyber war that initially targeted the country's nuclear facilities, an Iranian official said. Iran, the world's No 5 oil exporter, has tightene

Published 26 Dec, 2012 12:00am

Japan's iconic A-bomb comic strip author dies

Keiji Nakazawa, a Hiroshima atomic bomb survivor whose iconic comic strip about the incident was read by millions of school children in post-war Japan, has died, associates said Tuesday. Nakazawa, who had been ill with lung cancer, passed away last week a

Published 26 Dec, 2012 12:00am

Iran pays Russian women to cover up in nuclear plant: MP

Iran is paying Russian women working as technicians at its sole nuclear power plant to adhere to the Islamic dress code, an Iranian lawmaker told the ISNA news agency on Tuesday. Women in Iran, regardless of their nationality or religion, are required to

Published 26 Dec, 2012 12:00am

Eight dead, thousands homeless in Philippine fires

Eight people were killed and thousands left homeless as two fires struck the Philippine capital on Christmas Day, with one of the blazes sparking a riot in a slum, officials said. Seven charred bodies, all believed to be from one household, were recovered

Published 26 Dec, 2012 12:00am

Japan's opposition picks former trade minister as new leader

Japanese opposition party the Democratic Party of Japan (DPJ) chose former Economics Minister Banri Kaieda to replace the outgoing Prime Minister Yoshihiko Noda as its new leader on Tuesday, after a crushing lower house defeat earlier this month. Kaieda,

Published 26 Dec, 2012 12:00am

Eleven children die after school van falls into pond in China

Eleven children died after a minivan carrying them to their kindergarten plunged into a pond in the eastern Chinese province of Jiangxi, state media said on Tuesday. The van was carrying 15 children and a teacher through a rural area of Jiangxi's Guixi ci

Published 26 Dec, 2012 12:00am

17 killed as Yemen army, tribesmen clash: tribal sources

Yemen's army Tuesday launched an offensive against tribesmen suspected of repeatedly sabotaging an oil pipeline in east Yemen, sparking clashes which left 17 people dead, tribal sources said. The dead included 10 tribesmen and seven soldiers, said the sou

Published 26 Dec, 2012 12:00am

China may require real name registration for internet access

China may require internet users to register with their real names when signing up to network providers, state media said on Tuesday, extending a policy already in force with microblogs in a bid to curb what officials call rumours and vulgarity. A law bei

Published 26 Dec, 2012 12:00am

Up to 27 feared dead in Kazakh plane crash

A military aircraft carrying 27 people including top members of the Kazakhstan border guard service crashed Tuesday in the south of the country with all those on board feared dead, officials said. The KNB security service said the An-72 military transport

Published 26 Dec, 2012 12:00am

Russian ruling party official shot dead in Caucasus

Two gunmen shot dead a ruling party official on Tuesday in Russia's North Caucasus, where the Kremlin is fighting to subdue an Islamist insurgency, investigators said. Unknown assailants burst into Boris Zherukov's office in Nalchik, capital of the provin

Published 26 Dec, 2012 12:00am

Nigeria gunmen kill six at Christmas church service

Gunmen attacked a church in volatile northern Nigeria during a Christmas Eve service, killing six people including the pastor, before setting the building ablaze, residents and police said Tuesday, as the pope deplored "savage acts of terrorism" against C

Published 26 Dec, 2012 12:00am

Character actor, World War Two hero Charles Durning dies at 89

Charles Durning, a World War Two hero who became one of Hollywood's top character actors in films like "The Sting," "Tootsie" and "The Best Little Whorehouse in Texas," has died, a New York City funeral home said on Tuesday. He was 89. Durning, who was no

Published 26 Dec, 2012 12:00am

UN approves new debate on arms treaty opposed by US gun lobby

The UN General Assembly voted overwhelmingly on Monday to restart negotiations on a draft international treaty to regulate the $70 billion global trade in conventional arms, a pact the powerful US National Rifle Association has been lobbying hard against.

Published 26 Dec, 2012 12:00am

No let-up in political violence: 75 lost lives in third week of December: FAFEN

There was no let-up in political violence that continued to haunt the country for past many years, claiming some 75 lives in the third week of December 2012, the FAFEN findings indicated. A non-governmental organisation - FAFEN - in its weekly report of P

Published 26 Dec, 2012 12:00am

'Green energy' - I

Green Energy is energy that can be extracted, generated, and/or consumed without any significant negative impact on the environment. The planet has a natural capability to recover which means pollution that does not go beyond that capability can still be

Published 26 Dec, 2012 12:00am

Confessed serial killer hid in plain sight, then broke own rules

A confessed serial killer from Alaska who hid in plain sight and whose crimes went undetected for more than a decade, was ultimately caught after he gave in to his compulsions and struck close to home. Israel Keyes, in jail since March for the kidnapping

Published 26 Dec, 2012 12:00am

Ethnicity and ICC cases heat up Kenya presidential race

Alliances forged by Kenya's main presidential contenders for elections in March are lining up a repeat of a largely ethnic-based contest for political power which exploded into bloodshed in the 2007 vote. Prime Minister Raila Odinga and Uhuru Kenyatta, so

Published 26 Dec, 2012 12:00am

The economy

If one were to evaluate the performance of the PPP-led government on the economic front, one would be amazed at the achievements of the present dispensation which, one believes, no other political party in power could have been able to achieve had it been

Published 26 Dec, 2012 12:00am

New governor for Punjab

Positioning itself for the upcoming elections, the PPP has replaced Punjab Governor Sardar Latif Khosa with Makhdoom Ahmad Mehmood, provincial president of Muslim League (F) and a veteran politician from an influential family in South Punjab's Rahimyar Kh

Published 26 Dec, 2012 12:00am

Still in recessionary phase

The quarterly "Development Finance Review" released by the State Bank on 20th December, 2012 confirms once again that the country's economy "is still in the phase of recession with challenges like energy crisis, decline in investment, and poor law and ord

Published 26 Dec, 2012 12:00am

Russian wheat prices to hit new highs next year

Russian wheat prices, finishing this year with a more than 75 percent gain, are expected to hit new highs next year thanks to tight supply and worsening prospects for the 2013 winter crops. "Farmers are not in a hurry to sell their grain. The main factor

Published 26 Dec, 2012 12:00am

Russian farmers need 1.5 million tonnes of feed grain: AgMin

Russian farmers would have to buy about 1.5 million tonnes of feed grain to cover the deficit caused by drought this year, the Agriculture ministry said on Tuesday. All regions of the country, excluding the Central region, see a deficit of feed grain at t

Published 26 Dec, 2012 12:00am

World Bank: Thailand set to lose billions due to rice price scheme

Thailand is set to lose up to 150 billion baht (4.8 billion dollars) per harvest on the government's scheme of buying rice at inflated prices, the World Bank said. While the international development lender predicted the Thai economy would grow a healthy

Published 26 Dec, 2012 12:00am

Barrick sees gold price at $2,000 in 2013

Gold prices may hit $2,000 an ounce in 2013 as costs and barriers to production restrict supply, while demand from central banks and Chinese consumers keeps climbing, the world's biggest gold producer said. Barrick Gold Chief Executive Jamie Sokalsky said

Published 26 Dec, 2012 12:00am

China's corn imports seen falling 60 percent on near-record prices

China's corn imports are likely to tumble by 60 percent in the year to September 2013 as near-record global prices, and a slowdown in consumption, dull the appetite of the world's second largest corn consumer, a Reuters poll showed. A decline in purchases

Published 26 Dec, 2012 12:00am

Vietnam sells 300,000 tonnes of rice to Haiti

Vietnam has secured a contract to export 300,000 tonnes of rice to Haiti in 2013 to help meet demand from the Caribbean island that has been hit by a string of natural disasters this year, a state-run newspaper reported on Monday. The first volume of 20,0

Published 26 Dec, 2012 12:00am

Kobe Steel to cancel aluminium plant in China

Japan's Kobe Steel will cancel a plan to build an aluminium products plant in China amid uncertainties over sales outlook to its major customers, such as Japanese automakers, after a territorial row between Beijing and Tokyo, the Nikkei business daily sai

Published 26 Dec, 2012 12:00am

Canadian canola futures up

ICE Canada canola futures edged higher on Monday, recovering modestly from the previous week's biggest weekly loss in over a month. Trading volumes were light early. ICE Futures Canada will be closed on Tuesday and Wednesday for the Christmas and Boxing D

Published 26 Dec, 2012 12:00am

Vietnam coffee-offers on par with London, buying weak

Vietnamese coffee exporters kept their quotations on par with London futures prices on Tuesday, while buyers were slow to make purchases quiet during the holidays, traders said on Tuesday. The 2012/2013 crop harvest has almost ended in Vietnam's Central H

Published 26 Dec, 2012 12:00am

Shanghai copper edges up

Shanghai copper edged up on Tuesday, tracking gains in China's stock market led by property shares, while worries about a potential US fiscal calamity and uncertainty over China's copper demand outlook capped gains. The Chinese stock market jumped to its

Published 26 Dec, 2012 12:00am

Tokyo rubber futures rise

Benchmark Tokyo rubber futures rose 1.6 percent on Tuesday to hit a three-month high on a weaker yen, with some participants forecasting more gains as the year ends.

Published 26 Dec, 2012 12:00am

European vegetable oils firm ahead of Christmas

Palm oil on the European vegetable oils market firmed on Monday, supported by higher Malaysian futures, amid very thin activity as many participants took off the day before Christmas or worked a half day. Markets will be closed for Christmas on Tuesday, D

Published 26 Dec, 2012 12:00am

Iraqi oil's inclusion risks volatile Dubai benchmark

A move to include Iraqi crude in the benchmark price for nearly $500 billion of Middle East oil sold to Asia annually would make for a more robustly traded but also a potentially more volatile marker. Most of the crude exports from the world's top produce

Published 26 Dec, 2012 12:00am

ANP-led KP government recounts big achievements in education sector

The ANP led provincial government in Khyber Pakhtunkhwa has initiated unprecedented gigantic Rs 494,857 million ten-year, (Education sector plan) in the province. According to a document on the achievements of the present provincial government in educatio

Published 26 Dec, 2012 12:00am

Dense fog claims seven lives in Punjab

At least seven persons including two teenage girls were killed and 20 others injured in separate road accidents due to dense fog in different areas of southern Punjab on Tuesday. According to police, the first accident took place at Multan Road in tehsil

Published 26 Dec, 2012 12:00am

Dacoits kill two shopkeepers

Two persons were killed and two others injured by dacoits on resistance during a dacoity in Kot Radhakishan on Tuesday. According to police sources, the unidentified armed outlaws looted cash and mobiles from a shop on Railway Road. On resistance by the s

Published 26 Dec, 2012 12:00am

Bid to convert Pakistan into a secular state: JI vows to thwart plan of progressive forces

Jamaat-i-Islami (JI) on Tuesday vowed to thwart progressive forces' plan to turn Pakistan into a secular state and claimed that global imperialism was behind the Karachi unrest. Addressing a large gathering of JI's activists titled 'Umeed-e-Pakistan Confe

Published 26 Dec, 2012 12:00am

Rabi season 2012-13 Punjab begins to close irrigation canals for desilting

The Punjab Irrigation Department has started closing its irrigation canals taking off from rivers Indus, Jhelum and Chenab for a month long desilting of the waterways during Rabi 2012-13 , Punjab Irrigation Regulator Engineer M H Siddiqui told Business

Published 26 Dec, 2012 12:00am

Imran condemns targeted killings in Karachi

Pakistan Tehreek-e-Insaf Chairman Imran Khan on Tuesday strongly condemned target killing in Karachi in which many were killed and injured while vehicles were torched. While offering condolences to the family members of the deceased, Imran expressed conce
Published 26 Dec, 2012 12:00am

New inductions into PPP soon: Wattoo

President PPP Punjab Manzoor Wattoo has said that important political figures would join the PPP in Punjab. He was addressing a press conference at the Governor House along with three politicians from Bahawalpur who have joined the PPP after parting ways
Published 26 Dec, 2012 12:00am

Textile industry loses $33 million a day due to energy crisis

Being the prime victim of energy crisis, the textile industry in Punjab is losing the production capacity of $33 million a day. It may be noted that over 80 percent textile mills are located in Punjab.Especially those solely dependent on power supply from
Published 26 Dec, 2012 12:00am

PIA begins Quetta-Kandhar flights

Pakistan International Airlines (PIA) has started flights on Quetta-Kandahar route and first plane with 198 passengers on board flew on Tuesday. The inauguration ceremony was held at Quetta International Airport. Managing Director (MD) PIA, Captain Muhamm
Published 26 Dec, 2012 12:00am

President confers Nishan-e-Imtiaz on Sindh Governor

President Asif Ali Zardari on Tuesday conferred 'Nishan-e-Imtiaz' on Sindh Governor Dr Ishratul Ebad Khan in recognition of his meritorious services in the field of public service. A special ceremony in this regard was held at the Governor House here. Fed
Published 26 Dec, 2012 12:00am

Position holders visit PU

The position holders of intermediate examinations from Balochistan, Gilgit-Baltistan, Sindh, Khyber-Pakhtunkhwa, Azad Kashmir and federal board, who have been invited by the Punjab government, on Tuesday paid a visit to Punjab University Main Library and
Published 26 Dec, 2012 12:00am

Police ensured fool-proof security of churches

About one thousand policemen in the city performed special duty for foolproof security of churches and other public points in the city on the eve of Christmas day. The police officials, equipped with metal detectors, were deputed specially at the Churches
Published 26 Dec, 2012 12:00am

Customs assures clearing agents of resolving issues

Chief Collector Customs (CCC) Lutf Ullah Virk assured the customs clearing agents to resolve the issues faced by the importers on merit. He gave this assurance at a reception arranged by the Lahore Customs Clearing Agents Association (LCCAA) in his honour
Published 26 Dec, 2012 12:00am

China's key money rate jumps on year-end supply concerns

China's key seven-day money rates jumped on Tuesday as financial institutions were reluctant to lend on concerns that supply could become tight around the year-end. Dealers said there was now ample liquidity in the market after the central bank injected f
Published 26 Dec, 2012 12:00am

Lenovo Group's parent plans China IPO as early as 2014

Legend Holdings, the parent company of personal computer maker Lenovo Group, plans to list in China's A-share market sometime between 2014 and 2016, China Business News quoted the firm's chairman as saying. Legend Holdings, which also owns private equity
Published 26 Dec, 2012 12:00am

World stock markets to extend gains into 2013

A tentatively improving global economy and plentiful central bank cash should foster gains for the world's major stock markets next year, a Reuters poll of more than 250 analysts showed. World stocks have risen this year after a disastrous showing in 2011
Published 26 Dec, 2012 12:00am

Nikkei rises 1.4 percent in thin trade

Japan's Nikkei share average rose 1.4 percent on Tuesday as exporters gained on a weaker yen, but volume was thin due to a lack of participants during the Christmas holiday. The Nikkei gained 140.06 points at 10,080.12, nearing a nine-month intraday high
Published 26 Dec, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Nov 28

277.93

USD PKR Interbank Buying / Nov 28

278.13

USD to Japanese Yen / Nov 28

151.53

USD to Swiss Franc / Nov 28

0.88

Pound Sterling to USD / Nov 28

1.27

Euro to USD / Nov 28

1.05

Stock Volume

S&P 500 / Nov 27

5,998.74

Nasdaq / Nov 27

19,060.48

Dow Jones / Nov 27

44,722.06

India Sensex / Nov 28

79,455.91

Tokyo Nikkei / Nov 28

38,303.45

Hang Seng / Nov 28

19,368.83

FTSE 100 / Nov 28

8,289.96

Germany DAX 30 / Nov 28

19,381.32

Item Value

Karachi Cotton PKR/37.32 KG / Nov 27

17,685

Gold 10 Grams PKR / Nov 27

236,540

Petrol/Litre / Nov 28

248.38

Crude Oil USD/Barrel / Nov 28

68.72

Gold Spot USD/Ounce / Nov 28

2,635.70

Diesel/Litre / Nov 28

255.14

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 28

786 Investments Limited(786)

6.54

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 28

Al-Abbas Sugar Mills Limited(AABS)

615

▼ 0.00 (0.00%)

Agro Allianz / Nov 28

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 28

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 28

Ali Asghar Textile Mills Limited(AATM)

69.60

▼ 0.00 (0.00%)

Allied Bank / Nov 28

Allied Bank Limited(ABL)

132.35

▼ 0.00 (0.00%)

Abbott Lab. / Nov 28

Abbott Laboratories (Pakistan) Limited(ABOT)

992.51

▼ 0.00 (0.00%)

Abson Ind. / Nov 28

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 28

Alfalah Consumer Index ETF.(ACIETF)

12.20

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 28

786 Investments Limited(786)

6.54

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 28

Al-Abbas Sugar Mills Limited(AABS)

615

▲ 0.00 (0.00%)

Agro Allianz / Nov 28

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 28

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 28

Ali Asghar Textile Mills Limited(AATM)

69.60

▲ 0.00 (0.00%)

Allied Bank / Nov 28

Allied Bank Limited(ABL)

132.35

▲ 0.00 (0.00%)

Abbott Lab. / Nov 28

Abbott Laboratories (Pakistan) Limited(ABOT)

992.51

▲ 0.00 (0.00%)

Abson Ind. / Nov 28

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 28

Alfalah Consumer Index ETF.(ACIETF)

12.20

▲ 0.00 (0.00%)

Stock Volume

B.O.Punjab / Nov 28

The Bank of Punjab(BOP)

114,966,225

▲ 0.00

Hascol Petrol / Nov 28

Hascol Petroleum Limited(HASCOL)

106,286,630

▲ 0.00

K-Electric Ltd. / Nov 28

K-Electric Limited(KEL)

91,200,956

▲ 0.00

Fauji Foods Ltd / Nov 28

Fauji Foods Limited(FFL)

54,248,949

▲ 0.00

Bank Makramah / Nov 28

Bank Makramah Limited(BML)

37,218,539

▲ 0.00

Pace (Pak) Ltd. / Nov 28

Pace (Pakistan) Limited(PACE)

35,016,136

▲ 0.00

Sui South Gas / Nov 28

Sui Southern Gas Company Limited(SSGC)

30,887,483

▲ 0.00

Cnergyico PK / Nov 28

Cnergyico PK Limited(CNERGY)

29,932,157

▲ 0.00

WorldCall Telecom / Nov 28

Worldcall Telecom Limited(WTL)

26,219,598

▲ 0.00

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Yesterday

Past 3 Days

Budgeted $9bn time deposits: EAD says country gets no amount in Jul-Oct FY25

NJLI Sarmaya Growth Fund Rates

Historic high: KSE-100 settles above 100,000 level for the first time

Banks start scrapping monthly fee on large deposits

FBR shares 46 sets of third-party data with IR field offices

Jul 1 to Nov 15: Record Rs880bn credit disbursed to private sector

Karachi’s businessmen decide to launch ‘Air Karachi’

PTI protest and its impact on economy

Credit concentration: identifying the worst offenders

Banks start scrapping monthly fee on large deposits

NJLI Sarmaya Growth Fund Rates

Key requirement for conventional banks removed

Karachi’s businessmen decide to launch ‘Air Karachi’

Emphatic comeback: KSE-100 settles above 99k after nearly 4,700-point gain as PTI protest ends

SBP makes key revisions to Minimum Profit Rate requirements, Islamic banking guidelines

800 PTI workers arrested: Gandapur, Bushra ‘flee protest site’ amid crackdown

Gold price per tola falls Rs4,100 in Pakistan

PPL records significant boost in hydrocarbon production

NJLI Sarmaya Growth Fund Rates

Naqvi rules out talks with PTI, says ‘a woman behind all chaos’

Banks start scrapping monthly fee on large deposits

SBP makes key revisions to Minimum Profit Rate requirements, Islamic banking guidelines

Bloodbath at PSX: KSE-100 sees biggest single-day decline, plummets over 3,500 points

Karachi’s businessmen decide to launch ‘Air Karachi’

Key requirement for conventional banks removed

Emphatic comeback: KSE-100 settles above 99k after nearly 4,700-point gain as PTI protest ends

Nov revenue collection target: FBR may go for ‘additional measures’

Currency	Rate
USD PKR Interbank Selling / Nov 28	277.93
USD PKR Interbank Buying / Nov 28	278.13
USD to Japanese Yen / Nov 28	151.53
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.27
Euro to USD / Nov 28	1.05

Stock	Volume
S&P 500 / Nov 27	5,998.74
Nasdaq / Nov 27	19,060.48
Dow Jones / Nov 27	44,722.06
India Sensex / Nov 28	79,455.91
Tokyo Nikkei / Nov 28	38,303.45
Hang Seng / Nov 28	19,368.83
FTSE 100 / Nov 28	8,289.96
Germany DAX 30 / Nov 28	19,381.32

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17,685
Gold 10 Grams PKR / Nov 27	236,540
Petrol/Litre / Nov 28	248.38
Crude Oil USD/Barrel / Nov 28	68.72
Gold Spot USD/Ounce / Nov 28	2,635.70
Diesel/Litre / Nov 28	255.14

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▼ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	69.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▼ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	12.20 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▲ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	69.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▲ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	12.20 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	114,966,225 ▲ 0.00
Hascol Petrol / Nov 28 Hascol Petroleum Limited(HASCOL)	106,286,630 ▲ 0.00
K-Electric Ltd. / Nov 28 K-Electric Limited(KEL)	91,200,956 ▲ 0.00
Fauji Foods Ltd / Nov 28 Fauji Foods Limited(FFL)	54,248,949 ▲ 0.00
Bank Makramah / Nov 28 Bank Makramah Limited(BML)	37,218,539 ▲ 0.00
Pace (Pak) Ltd. / Nov 28 Pace (Pakistan) Limited(PACE)	35,016,136 ▲ 0.00
Sui South Gas / Nov 28 Sui Southern Gas Company Limited(SSGC)	30,887,483 ▲ 0.00
Cnergyico PK / Nov 28 Cnergyico PK Limited(CNERGY)	29,932,157 ▲ 0.00
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	26,219,598 ▲ 0.00