News Archives for Print - 2013-05-10

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (May 09, 2013).

Published 10 May, 2013 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (May 09, 2013).

Published 10 May, 2013 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (May 09, 2013).

Published 10 May, 2013 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (May 09, 2013).

Published 10 May, 2013 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (May 09, 2013).

Published 10 May, 2013 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (May 09, 2013).

Published 10 May, 2013 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (May 09, 2013).

Published 10 May, 2013 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 10 May, 2013 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 10 May, 2013 12:00am

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 10 May, 2013 12:00am

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 10 May, 2013 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 10 May, 2013 12:00am

EU wheat prices edge up, holidays slow trade

Wheat prices in western Europe edged higher on Thursday in thin conditions with market participation limited by public holidays in many countries including France and Germany. Benchmark November milling wheat in Paris rose 0.25 euros or 0.1 percent to 208

Published 10 May, 2013 12:00am

Higher trend on grain market

An upward trend was seen on wholesale grain market on Thursday in the process of modest business just before the pre-election session, dealers said. On the cereals side, wheat (old) Bardan lost Rs 150 to Rs 3150, other items maintained overnight levels, t

Published 10 May, 2013 12:00am

Kenyan tea prices dip

The average price of Kenya's top grade Broken Pekoe Ones tea slipped to $3.31 per kg at auction from $3.38 at the previous sale, leading trader Africa Tea Brokers (ATB) said on Tuesday. The east African economy is the world's leading exporter of black tea

Published 10 May, 2013 12:00am

Indian soyabeans futures drop

Indian soyabean futures dropped on Thursday on a drop in soyameal exports, while soyaoil and rapeseed fell on rising supplies and weakness in overseas edible oil prices. At 0809 GMT, the benchmark Malaysian palm oil contract was down 0.09 percent at 2,287

Published 10 May, 2013 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 109,302 tonnes of cargo comprising 76,013 tonnes of import cargo and 33,289 tonnes of export cargo including 4,598 loaded and empty containers during the last 24 hours ended at 0700 hours on Thursday. The total import cargo of 76,

Published 10 May, 2013 12:00am

HRW wheat bids weak

Cash bids for hard red winter wheat were steady to weaker in the US Plains on Thursday in a quiet market. Protein premiums for railcar wheat to and through Kansas City rose 3-9 cents a bushel for 11.40 percent protein wheat through 12.00-pro wheat supplie

Published 10 May, 2013 12:00am

US Midwest corn, soyabean bids surge

Corn and soyabean spot basis bids surged to the highest levels since before last year's harvest at a closely-watched central Illinois processor on Wednesday while bids firmed elsewhere as supplies tightened in the US Midwest, dealers said.

Published 10 May, 2013 12:00am

Oil cake market rates

The May vaida was higher and the July vaida was unchanged on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The May vaida ended at Rs 908.50, they said. And it showed 20 paisa gain at Rs 908.70, dealers said. T

Published 10 May, 2013 12:00am

Only a few deals made

Some deals were finalised on the cotton market on Thursday amid pre-election session, dealers said. The official spot rate was unchanged at Rs 6,500, they said. In the ready business, nearly 2,000 bales of cotton changed hands between Rs 6,000-6,500, they

Published 10 May, 2013 12:00am

Insignificant activity on cotton market

Due to general elections being held in Pakistan on coming Saturday (11th May 2013) there is scare activity on the cotton market. Most other businesses are also working at low level. Transport to haul cotton from the ginning factories to the spinning mills

Published 10 May, 2013 12:00am

Insignificant activity on cotton market

Due to general elections being held in Pakistan on coming Saturday (11th May 2013) there is scare activity on the cotton market. Most other businesses are also working at low level. Transport to haul cotton from the ginning factories to the spinning mills

Published 10 May, 2013 12:00am

IMF sees first Cyprus bailout loan this month

The International Monetary Fund on Thursday said it would likely disburse its first bailout loan to Cyprus after next week's board meeting. The IMF executive board is expected to discuss the bailout program for Cyprus on Wednesday, Fund spokesman Gerry Ri

Published 10 May, 2013 12:00am

Iraq to rebuild rail system

In a shabby, rusty train that had just left Baghdad for the southern city of Basra, Riyadh Saleh moved restlessly from carriage to carriage, searching for a comfortable, air-conditioned seat. Saleh was one of about 200 passengers taking a 25-year-old dies

Published 10 May, 2013 12:00am

Germany to sell 164 tanks to Indonesia

Germany has agreed to sell 164 used tanks to Indonesia, the government confirmed Wednesday, after the Dutch parliament last year rejected a similar request over human rights concerns. Chancellor Angela Merkel's government has given the green light to Dues

Published 10 May, 2013 12:00am

South Korea cuts interest rate for first time since October

South Korea unexpectedly trimmed its benchmark interest rate by 0.25 percentage points Thursday - the first cut for seven months aimed at boosting an economy hit by slumping exports. The move announced by the central Bank of Korea (BOK) leaves the key pol

Published 10 May, 2013 12:00am

Africa still on the rise but gaps remain: WEF

African economies are still on the rise but gaps in key areas are putting the long-term viability of the continent's boom in question, the World Economic Forum warned Thursday. "If you look at Africa, you really do see a story of gaps in a sense," said Je

Published 10 May, 2013 12:00am

Weidmann says ECB still has room to act

Bundesbank chief Jens Weidmann said the ECB is still able to take policy action to address the euro zone crisis even after cutting its main interest rate last week, a German newspaper reported on Thursday. The European Central Bank cut its benchmark rate

Published 10 May, 2013 12:00am

Weidmann says ECB still has room to act

Bundesbank chief Jens Weidmann said the ECB is still able to take policy action to address the euro zone crisis even after cutting its main interest rate last week, a German newspaper reported on Thursday. The European Central Bank cut its benchmark rate

Published 10 May, 2013 12:00am

US House passes tactical Republican debt bill

Republicans in the House of Representatives passed a bill on Thursday that would require the Obama administration to prioritise government debt payments and retirement benefits if Congress fails to reach a deal to raise the US debt ceiling.

Published 10 May, 2013 12:00am

US House passes tactical Republican debt bill

Republicans in the House of Representatives passed a bill on Thursday that would require the Obama administration to prioritise government debt payments and retirement benefits if Congress fails to reach a deal to raise the US debt ceiling.

Published 10 May, 2013 12:00am

Portuguese unemployment hits record 17.7 percent

Portugal's unemployment rate rose sharply in the first quarter of 2013 to a record high 17.7 percent from 16.9 percent in the fourth quarter of last year, data from the national statistics institute INE showed on Thursday. For the whole of 2013 the govern

Published 10 May, 2013 12:00am

S&P cuts Egypt's credit rating further

Standard & Poor's cut Egypt's credit rating further into junk territory on Thursday, saying Cairo had yet to come up with a plan to control its finances, leaving the country vulnerable to a balance of payments crisis. Egypt has been in crisis since a popu

Published 10 May, 2013 12:00am

S&P cuts Egypt's credit rating further

Standard & Poor's cut Egypt's credit rating further into junk territory on Thursday, saying Cairo had yet to come up with a plan to control its finances, leaving the country vulnerable to a balance of payments crisis. Egypt has been in crisis since a popu

Published 10 May, 2013 12:00am

Slovenia adopts austerity action plan to avert bailout

Slovenia's government said Thursday it was confident it could avoid a much-dreaded bailout and satisfy the EU, as it adopted an action plan including privatisation's, tax increases and austerity measures. The plan, which is to be sent shortly to Brussels,

Published 10 May, 2013 12:00am

China's inflation accelerates in April

Inflation in China accelerated to 2.4 percent year-on-year in April, official data showed Thursday, above market expectations, but analysts said counter-measures were unlikely due to weak economic momentum. Month on month, the consumer price index (CPI) -

Published 10 May, 2013 12:00am

Greek unemployment rises

Greek unemployment climbed to 27 percent of the workforce in February compared with 26.7 percent a month earlier, the state statistics agency said on Thursday. The number of unemployed rose to 1,320,189 while 3,568,186 were registered as employed. The hig

Published 10 May, 2013 12:00am

Australian unemployment drops to 5.5 percent

Australia's unemployment rate eased to 5.5 percent in April, data showed Thursday, beating expectations by creating 50,100 jobs despite a slowdown in the mining-driven economy. The Australian Bureau of Statistics said the jobless rate fell 0.1 percentage

Published 10 May, 2013 12:00am

Merck, GSK cut price of cervical cancer shots for poor countries

Drugmakers Merck and GlaxoSmithKline have cut the price of cervical cancer shots in a deal that will deliver them to poor countries for less than $5 a dose. The new record low price for human papillomavirus (HPV) vaccines should mean millions of girls in

Published 10 May, 2013 12:00am

Bank of England keeps record low interest rate

The Bank of England on Thursday voted to keep its main lending rate at its record-low level of 0.50 percent, deciding against mirroring a number of central banks who have cut borrowing costs in the past week. The BoE also opted against pumping out more ne

Published 10 May, 2013 12:00am

Emirates annual profit jumps

Dubai's Emirates Airline said on Thursday it posted $622 million in annual net profits in 2012-2013, a 52 percent boost on the previous year, as passenger numbers exceeded 39 million. The carrier's profit was "at AED 2.3 billion ($622 million), representi

Published 10 May, 2013 12:00am

Emirates annual profit jumps

Dubai's Emirates Airline said on Thursday it posted $622 million in annual net profits in 2012-2013, a 52 percent boost on the previous year, as passenger numbers exceeded 39 million. The carrier's profit was "at AED 2.3 billion ($622 million), representi

Published 10 May, 2013 12:00am

Spain debt costs tumble at triple-bond sale

Spain's funding costs tumbled at a triple bond sale on Thursday supported by cash-rich investors seeking a higher return than is available on top-rated sovereign debt. The Treasury sold 4.6 billion euros ($6.1 billion) at the auction, beating the top end

Published 10 May, 2013 12:00am

Spain debt costs tumble at triple-bond sale

Spain's funding costs tumbled at a triple bond sale on Thursday supported by cash-rich investors seeking a higher return than is available on top-rated sovereign debt. The Treasury sold 4.6 billion euros ($6.1 billion) at the auction, beating the top end

Published 10 May, 2013 12:00am

Fannie Mae to send $59.4 billion to US Treasury

Fannie Mae, the nation's biggest mortgage finance company, said Thursday it will pay $59.4 billion in dividends to the US Treasury after a record profit in the first quarter that reflected a multi-billion-dollar tax-related windfall. The report from Fanni

Published 10 May, 2013 12:00am

Fannie Mae to send $59.4 billion to US Treasury

Fannie Mae, the nation's biggest mortgage finance company, said Thursday it will pay $59.4 billion in dividends to the US Treasury after a record profit in the first quarter that reflected a multi-billion-dollar tax-related windfall. The report from Fanni

Published 10 May, 2013 12:00am

US jobless claims hint at strengthening labour market

The number of Americans filing new claims for jobless aid fell last week to its lowest level in nearly 5-1/2 years, signalling labour market resilience in the face of fiscal austerity. The job market buoyancy, flagged last week by a relatively strong Apri

Published 10 May, 2013 12:00am

Nikkei retreats

Japan's Nikkei average fell for the first time in three sessions on Thursday, with profit-taking triggering a reversal after gains in the morning session, although strength in securities shares limited losses. The benchmark Nikkei closed down 0.7 percent

Published 10 May, 2013 12:00am

Thursday's midday trade: S&P 500 edges lower

The S&P 500 edged lower on Thursday, coming off its record highs, as data showing signs of improvement in the labour market was not enough of a catalyst to add to the recent upward momentum. Utility and financial stocks were among the top decliners as inv

Published 10 May, 2013 12:00am

S&P 500 at all-time high for fifth day

The S&P 500 closed at an all-time high for a fifth day on Wednesday in a broad rally that keeps surprising investors with its longevity and resilience. The Dow also ended at a record high for a second straight day, pushing further above 15,000. Financials

Published 10 May, 2013 12:00am

Taiwan stocks up

Taiwan stocks edged up 0.23 percent on Thursday, lifted by tech heavyweights Hon Hai Precision Industry and HTC Corp, both up around 2.2 percent. Hon Hai's smaller rival Pegatron Corp, however, eased 1.8 percent even though it posted a 81 percent surge in

Published 10 May, 2013 12:00am

US bonds make small gains

US Treasuries prices rose on Wednesday, ending a three-day losing streak as yields near the upper end of their recent range drew some buyers. Gains were posted even though the US Treasury's $24 billion sale of 10-year government debt got a tepid reception

Published 10 May, 2013 12:00am

US bonds make small gains

US Treasuries prices rose on Wednesday, ending a three-day losing streak as yields near the upper end of their recent range drew some buyers. Gains were posted even though the US Treasury's $24 billion sale of 10-year government debt got a tepid reception

Published 10 May, 2013 12:00am

Kuwait's bourse rises as turnover surges; most Gulf markets up

Kuwait's bourse resumed its rally and trading value surged to a 44-month high on Thursday, backed by investors' sense that the economic and political environment for the country is improving. Most other regional markets rose. The Kuwaiti index added 0.6 p

Published 10 May, 2013 12:00am

South East Asian markets: Singapore, Thailand set new highs

Most Southeast Asian stocks gained in light trading on Thursday, with telecoms leading the Thai index to a new high, while Singapore rose to its highest close in more than five years as positive earnings hopes boosted Olam International Ltd. The Thai SET

Published 10 May, 2013 12:00am

Hong Kong, China stocks snap winning streaks

Hong Kong and China shares snapped winning streaks on Thursday after divergent Chinese April consumer and producer price data sparked a rotation out of growth-sensitive counters as investors braced for more economic data in the coming days. China's April

Published 10 May, 2013 12:00am

Defensive weakness takes European shares off highs

European stocks slipped on Thursday as investors cashed in their recent gains on defensive shares, but technical support helped the market maintain its bullish tone and stay near recent multi-year highs. The euro zone's Euro STOXX 50 index dropped 0.4 per

Published 10 May, 2013 12:00am

Australian shares end flat

Australian shares ended almost flat Thursday, slightly backing off from a nearly 5-year high hit earlier in the session, as a fall in Chinese producer prices prompted investor concern about subdued demand in Australia's biggest export market. The S&P/ASX

Published 10 May, 2013 12:00am

Indian shares fall

Indian shares fell on Thursday, snapping a three-session winning streak and retreating from three-month highs, as investors took profits in recent outperforming bluechips such as Reliance Industries and Sun Pharmaceutical. India's benchmark index has rise

Published 10 May, 2013 12:00am

UK's FTSE edges up to new 5-1/2 years highs

Britain's top share index edged up to fresh peaks on Thursday, with the market at a five-and-a-half year high, and traders said a backdrop of central bank support would keep its upward trend intact. The bluechip FTSE 100 index closed up 0.1 percent, or 9.

Published 10 May, 2013 12:00am

Indian rupee stays down

The Indian rupee weakened for a fifth session in six on Thursday as persistent dollar demand from oil and gold importers offset the positive risk sentiment seen regionally, while a fall in local shares also weighed. "I think the supplies by foreign instit

Published 10 May, 2013 12:00am

Antipodean currencies steal limelight in Asia

The Australian and New Zealand currencies bounced on Thursday after both countries posted stellar jobs data, while the euro held near a one-week high against the dollar after upbeat German factory activity continued to bolster sentiment. Investors drove t

Published 10 May, 2013 12:00am

Euro slips in London

The euro eased against the dollar on Thursday, taking a pause after two days of gains, pegged back by expectations of more monetary easing by the European Central Bank and by a rise in Spanish bond yields. The single currency lost ground against the Briti

Published 10 May, 2013 12:00am

Midday trade in New York: dollar bounces broadly

The dollar rallied across the board on Thursday, bolstered by an upbeat US jobless claims report that suggested a stabilising labour market in the world's largest economy. The euro, meanwhile, faltered against the dollar after two days of gains, pressured

Published 10 May, 2013 12:00am

Euro up versus dollar, yen

The euro rose to a one-week high against the dollar and a more than two-week peak against the yen on Wednesday as positive German data eased fears about the euro zone's largest economy and diminished expectations of a near-term interest rate cut. The euro

Published 10 May, 2013 12:00am

Bangladesh's interbank forex and interest rates

Inter-bank buy/sell rates for the taka against the dollar on Thursday. 77.85-77.86 (77.88-77.89). Call Money Rates: 05.25-07.00 percent (previous 05.25-08.00 percent.

Published 10 May, 2013 12:00am

Yuan closes at fresh record

China's yuan closed at another record high on Thursday, with traders expressing surprise at the resilience of corporate yuan demand and the central bank's willingness to permit appreciation. Spot yuan touched an all-time high of 6.1307 per dollar in late

Published 10 May, 2013 12:00am

Won weakens on surprise rate cut

An unexpected interest rate cut from the Bank of Korea sent the won down on Thursday, pulling away from a 2-month high, while the Thai baht slid as the government stepped up pressure on the central bank to cut interest rates. Foreign exchange authorities

Published 10 May, 2013 12:00am

Sterling falls versus dollar

Sterling failed to hold onto gains made after the Bank of England kept its policy steady on Thursday as lower-than-expected US jobless claims numbers helped push the dollar higher. In a widely expected move, the BoE's Monetary Policy Committee kept intere

Published 10 May, 2013 12:00am

WTA chief defends tennis parents after Tomic case

Women's tennis chief Stacey Allaster has defended the role of parents in the sport after Bernard Tomic's father was charged with assault following an incident in Madrid. Allaster said the Women's Tennis Association (WTA) had "zero tolerance" to abuse. But

Published 10 May, 2013 12:00am

Smith needs ankle surgery, will miss Champions Trophy

South Africa opener Graeme Smith has been ruled out of next month's Champions Trophy with a left ankle injury, the country's cricket board said on Thursday. Smith, South Africa's test captain, has had long-term problems with his left ankle and needed surg

Published 10 May, 2013 12:00am

Rooney 'not for sale', say Man United

Manchester United reacted to rumours about Wayne Rooney's future at the club by insisting on Thursday that the England striker is "not for sale". After Alex Ferguson announced his shock retirement as United manager on Wednesday, reports emerged that Roone

Published 10 May, 2013 12:00am

Real thump nine-man Malaga to delay Barca title

Real Madrid made sure Barcelona will have to wait at least until Sunday to wrap up a 22nd La Liga title when Cristiano Ronaldo scored his 200th goal for the club in a 6-2 win at home to nine-man Malaga on Wednesday. Barca need two more points to wrest the

Published 10 May, 2013 12:00am

Nadal, Serena, Sharapova ease into quarters

Rafael Nadal edged closer to a possible Madrid Masters semi-final showdown against old rival Roger Federer on Thursday by easing past Russia's Mikhail Youzhny and into the last eight. World number five Nadal saw off Youzhny 6-2, 6-3 and will next face eit

Published 10 May, 2013 12:00am

India Olympics chief pulls out of IOC meeting

The acting president of the Indian Olympic Association (IOA) on Thursday pulled out of a meeting with the International Olympics Committee to discuss his country's return to the international fold. Vijay Kumar Malhotra said he would not attend the May 15

Published 10 May, 2013 12:00am

Arsenal break new ground with Vietnam game

Arsenal revealed on Thursday that they will become the first English Premier League club to play a game in Vietnam as part of their pre-season tour of Asia in July. Arsene Wenger's side will play the Vietnam national team in the 40,000-seater My Dinh Nati

Published 10 May, 2013 12:00am

Pakistani students gear up for Shell Eco-marathon Asia

Thirteen student teams from Pakistan's top universities are preparing ultra energy-efficient vehicles for Shell's annual super-mileage competition, the Eco-marathon. The competition will be held from July 4-7, 2013 in Kuala Lumpur, Malaysia where over 1,0

Published 10 May, 2013 12:00am

Moyes succeeds Ferguson as United manager

David Moyes faces the daunting task of following in the footsteps of Alex Ferguson after being officially confirmed as the manager of Manchester United on a six-year contract on Thursday. Ferguson's shock retirement announcement the day before left United

Published 10 May, 2013 12:00am

Immigration bill passes first early test in US Senate

In the first legislative test for the US Senate's bipartisan immigration bill, the Judiciary Committee rejected a Republican attempt to significantly delay the legalisation process for 11 million undocumented immigrants, a central focus of the bill.

Published 10 May, 2013 12:00am

Asian nations pledge to step up war on drugs

China and five Southeast Asian nations vowed Thursday to boost co-operation in the fight against illegal drugs, which they warned posed a "significant threat" to the region. The pledge came at the end of a meeting of ministers or representatives from Camb

Published 10 May, 2013 12:00am

Karzai says US could keep nine Afghanistan bases

Afghan President Hamid Karzai said Thursday that he could allow the United States to keep nine military bases in the country as part of negotiations over a long-term security pact with Washington. After more than 11 years of US-led military intervention i

Published 10 May, 2013 12:00am

Spanish teachers, pupils strike

Teachers and students across Spain went on strike Thursday to protest budget cuts enacted as part of the government's austerity drive. Trade unions said more than 65 per cent of teachers at schools and universities took part in the strike that "paralysed"

Published 10 May, 2013 12:00am

Tanks, missiles parade past Putin on Russia's Victory Day

Tanks, howitzers and missile carriers rumbled across Moscow's Red Square and large planes flew low overhead as Russia on Thursday celebrated its anniversary of victory over Nazi Germany in World War II. More than 11,000 troops saluted President Vladimir P

Published 10 May, 2013 12:00am

Syria 'likely' to have used chemical weapons: UK

Britain said on Thursday it was "very likely" the Syrian government had used chemical weapons, and Turkey announced it was stepping up testing of people fleeing the Syrian civil war for traces. US Secretary of State John Kerry expressed gratitude to Russi

Published 10 May, 2013 12:00am

Bangladesh factory fire kills eight; collapse toll tops 900

Eight people were killed when a fire swept through a clothing factory in Bangladesh, police and an industry association official said on Thursday, as the death toll from the collapse of another factory building two weeks ago climbed above 900.

Published 10 May, 2013 12:00am

Bangladesh sentences Islamist to death for war crimes

A Bangladesh tribunal convicted and sentenced an Islamist party leader to death on Thursday for atrocities in the country's war, bringing a wave of violent protest from his supporters nation-wide. Mohammad Kamaruzzaman, 61, assistant secretary general of

Published 10 May, 2013 12:00am

Indian foreign minister seeks to build China ties after border row

Indian Foreign Minister Salman Khurshid began a two-day trip to China Thursday, as the Asian giants seek to repair the damage from a border flare-up that highlighted long-rumbling tensions. The world's two most populous countries have in recent years seen

Published 10 May, 2013 12:00am

Boston bombing suspect buried

The body of Boston Marathon bombing suspect Tamerlan Tsarnaev was secretly buried outside Massachusetts, police said, as lawmakers in Washington Thursday questioned law enforcement officials and terrorism experts about the handling of the April 15 attack.

Published 10 May, 2013 12:00am

Cyber bank robbers stole $45 million: US

Cyber thieves around the world stole $45 million by hacking into debit card companies, lifting withdrawal limits, and helping themselves from cash machines, US authorities said Thursday. The massive heist unfolded "in a matter of hours," said the US prose

Published 10 May, 2013 12:00am

Cotton hits one-month high; gains tempered by India sale news

Cotton futures rose to one-month highs on Wednesday on fresh buying driven by concerns about dry weather in Texas, the country's No 1 growing state, and as investors prepared for a key US crop report due Friday. Gains were tempered though by news that Ind

Published 10 May, 2013 12:00am

Shanghai copper rises

The most-traded September copper contract on the Shanghai Futures Exchange ended 0.5 percent higher at 52,960 yuan a tonne, tracking Wednesday's gains in LME copper. Analysts said higher consumer inflation in China could also be pressuring prices. China's

Published 10 May, 2013 12:00am

Copper declines

Copper fell on Thursday as price charts suggested a pause a day after the metal's rally to a three-week high on expectations of rising demand from top importer China following strong trade numbers. Benchmark copper on the London Metal Exchange (LME) was l

Published 10 May, 2013 12:00am

Brent oil closes higher after late gains

Brent crude edged up in volatile trade on Thursday, and US crude settled slightly down, as investors weighed Middle East tensions against weak demand and high inventories. Brent crude for June rallied just before the close of the trading session to end 13

Published 10 May, 2013 12:00am

Global grain output to climb this year: UN body

The world is set to produce much more wheat, coarse grains and rice this year, assuming "more normal weather conditions than in 2012," according to the UN Food and Agriculture Organization's (FAO) latest forecast released on Thursday. Production of coarse

Published 10 May, 2013 12:00am

Tokyo rubber soars

Tokyo rubber futures ended higher on Thursday, coming off a 2-month high hit in the morning session as profit-taking and concerns about rising stocks weighed on the market, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for Oc

Published 10 May, 2013 12:00am

Grains lower

US grain and soya futures closed mostly lower on Wednesday as farmers geared up for what is expected to be their best stretch of planting this spring. Forecasts for dry weather in the US Midwest bolstered hopes that growers will be able to push planting b

Published 10 May, 2013 12:00am

Palm oil flat

Malaysian palm oil futures were little changed on Thursday, trading in a tight range as investors held off on risky bets ahead of key data due this week. Industry regulator the Malaysian Palm Oil Board (MPOB) will release official stocks and output data f

Published 10 May, 2013 12:00am

ICE coffee rallies

Arabica coffee futures on ICE rallied by more than three percent to a two-month high on Thursday, climbing for the sixth straight day on investor short-covering and technical buy signals in heavy volume. Raw sugar on ICE Futures US was steady and cocoa sa

Published 10 May, 2013 12:00am

Gold up over one percent in New York

Gold was up over 1 percent on Wednesday, rising for the first time in three sessions as a drop in the dollar and strong physical bullion buying helped offset pressure from a continued decline in gold-backed exchange-traded fund holdings. Spot gold rose to

Published 10 May, 2013 12:00am

Currency	Rate
USD PKR Interbank Selling / Oct 31	277.92
USD PKR Interbank Buying / Oct 31	277.72
USD to Japanese Yen / Oct 31	152.20
USD to Swiss Franc / Oct 31	0.86
Pound Sterling to USD / Oct 31	1.30
Euro to USD / Oct 31	1.09

Stock	Volume
S&P 500 / Oct 30	5,813.67
Nasdaq / Oct 30	18,607.93
Dow Jones / Oct 30	42,141.54
India Sensex / Oct 31	79,453.59
Tokyo Nikkei / Oct 31	39,081.25
Hang Seng / Oct 31	20,382.25
FTSE 100 / Oct 31	8,105.12
Germany DAX 30 / Oct 31	19,158.33

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Crude Oil USD/Barrel / Oct 31	69
Gold Spot USD/Ounce / Oct 31	2,781.74
Cotton US¢/pound / Oct 31	69.77
Petrol/Litre / Nov 1	247.03

Stock	Price
786 Invest Ltd / Nov 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Most Popular