News Archives for Print - 2013-10-13

Print - 2013-10-13

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 13 Oct, 2013 12:00am

Indian sugar futures fall on ample supply

Indian sugar futures fell on Friday to their lowest in nearly 16 months on surplus supplies that some industry officials fear would led cash-crunched mills sell the sweetener by cutting prices. A slight improvement in demand due to festivals limited the d

Published 13 Oct, 2013 12:00am

Oil cake market rates

Vaida moved both ways on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The December vaida closed at Rs 953.10 and it opened with 20 paisa gain at Rs 953.53 in the morning session, they said. The January contra

Published 13 Oct, 2013 12:00am

Cotton market: steady trend amid modest trading

Prices recovered modestly on the cotton market on Saturday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 6900, they said. Prices of seed cotton in Sindh per 40 kg were unchanged at Rs 2500-2900, in Punjab rates

Published 13 Oct, 2013 12:00am

EU wheat exports at record pace in tighter world market

Wheat exports from across the European Union should build on record demand in the early part of the 2013/14 season, benefiting from harvest setbacks and rising demand around the world, traders and analysts said. Brisk imports by the likes of China, Egypt

Published 13 Oct, 2013 12:00am

India sells wheat to UAE, first private deal since late August

India has sold 30,000 tonnes of milling wheat to the United Arab Emirates, its first private deal since late August as tightening Black Sea supplies open a brief window for exports from the subcontinent. Along with lower output in major producers China, B

Published 13 Oct, 2013 12:00am

Port Qasim's activities

A cargo volume of 61,581 tonnes comprising 46,768 tonnes of import cargo and 14,813 tonnes of export cargo inclusive 1,323 loaded & empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Saturday. The total import cargo of 46,768 to

Published 13 Oct, 2013 12:00am

Indian soyabean, soyaoil drop on profit-taking

Indian soyabean and soyaoil futures eased on Friday after hitting their contract highs on profit-taking driven by losses in overseas prices and a strong rupee, though thin supplies in spot markets limited the downside. Malaysian palm oil futures eased on

Published 13 Oct, 2013 12:00am

Corn, wheat export premiums steady to higher

Corn and wheat export premiums at the US Gulf Coast were mostly steady to higher on Friday amid strong global demand and firming prices for grain shipments from rival exporters, traders said. US corn has grown more competitive on the world market as price

Published 13 Oct, 2013 12:00am

Little change on grain market

An upward trend was seen on the wholesale grain market on Saturday in the process of slow trading activity, dealers said. On the seed side, cottonseeds oilcakes with bag Sindh (old) inferior type picked up Rs 50 to Rs 700 and the best type was higher by R

Published 13 Oct, 2013 12:00am

China dashes Thai hopes of cutting huge rice stockpile

China on Friday threw cold water on Thailand's claims of selling rice to cut its huge stocks, saying it will buy one million tonnes but over the next five years and making no mention of government deals. The Thai government is under enormous pressure to s

Published 13 Oct, 2013 12:00am

ECB's Weidmann sees no need now for new LTRO, other measures

The head of Germany's Bundesbank sees no need at present for the European Central Bank to make fresh long-term loans to banks and it will not deploy them simply because market interest rates have risen, he said in an interview with Reuters. Jens Weidmann

Published 13 Oct, 2013 12:00am

Berlin committed to European banking union solution: German minister

Germany is committed to finding a solution to allow the completion of a euro zone banking union by the end of the year, Finance Minister Wolfgang Schaeuble said on Friday. Schaeuble said he hoped finance ministers would make a decision on plans for the Eu

Published 13 Oct, 2013 12:00am

Top bankers warn of dire consequences if US default

Three of the world's most powerful bankers warned of terrible consequences if the United States defaults on its debt, with Deutsche Bank chief executive Anshu Jain claiming default would be "utterly catastrophic." "This would be a very rapidly spreading,

Published 13 Oct, 2013 12:00am

Dollar's reserve role at risk from US budget uncertainty: ECB's Nowotny

The dollar's role as the world's leading reserve currency is at risk because of the political impasse in the United States, which has raised fears of a debt default, European Central Bank policymaker Ewald Nowotny said. President Barack Obama and congress

Published 13 Oct, 2013 12:00am

ECB governor calls for dialogue with Fed over tapering

A governor of the European Central Bank called Saturday on the US Federal Reserve to start an international dialogue on its monetary policy to minimise the impact from tighter money. With anticipation of the Fed's reeling in of its "quantitative easing" s

Published 13 Oct, 2013 12:00am

French unions open to possible state stake in PSA

French trade unions said they are open to the prospect of the state taking a stake in loss-making auto-maker PSA Peugeot Citroen but said the key question was the survival of local jobs and control of the group. They were reacting on Saturday after source

Published 13 Oct, 2013 12:00am

Nissan to sell Infiniti brand cars in Japan market

Japan's Nissan Motor Co will sell its Infiniti luxury brand autos in its home market, seeking to capture growing demand for upscale cars and to better compete with German rivals such as BMW, the Japanese business daily Nikkei reported. The company will re

Published 13 Oct, 2013 12:00am

Tepco creditors agree to roll over loan

Sumitomo Mitsui Banking Corp and 27 other financial institutions have agreed to roll over a roughly 77 billion yen ($783 million) syndicated loan for Tokyo Electric Power Co due to mature at the end of the month, the Nikkei business daily reported on Satu

Published 13 Oct, 2013 12:00am

Kingfisher to shift some sourcing from China to Europe

Kingfisher, Europe's biggest home improvements retailer, said it would source more products from eastern Europe and Turkey to counter higher costs in China, and build a central warehouse in Europe to improve its supply chain. The company, which has suffer

Published 13 Oct, 2013 12:00am

Power-hungry Argentina mulls allowing crude oil imports

Argentina is studying authorising crude imports from Nigeria to help counter a long decline in oil and natural gas output that has hurt its trade balance, two newspapers reported on Saturday, both citing an anonymous source with knowledge of the matter. S

Published 13 Oct, 2013 12:00am

IMF says Jordan weathering 'tougher' outside shocks

The International Monetary Fund on Saturday praised Jordan's progress in an IMF loan-supported program despite increasing outside shocks, notably from a flood of Syrian refugees. IMF staff recommended the release of $258 million to Jordan under a three-ye

Published 13 Oct, 2013 12:00am

South Korea, Indonesia agree on $10 billion currency swap

South Korea said on Sunday it has agreed with Indonesia to sign a bilateral, three-year currency swap deal worth up to $10 billion, which could help Jakarta better defend the rupiah hit by capital flight. This would bring the total value of currency swaps

Published 13 Oct, 2013 12:00am

Syria maintains spending in 2014 budget despite war losses

Syria's government has agreed a 2014 budget of 1.39 trillion pounds ($8.18 billion), state news agency SANA said on Saturday, a marginal increase on this year's spending despite the economic devastation wrought by more than two years of civil war.

Published 13 Oct, 2013 12:00am

World Bank to cut costs, bureaucracy, says Kim

World Bank President Jim Yong Kim on Friday announced a program to slash costs and reduce bureaucracy at the huge development organisation that is expected to result in significant layoffs. Kim said the Bank would seek to reduce annual costs by $400 milli

Published 13 Oct, 2013 12:00am

European utilities urge policy reform to avert black-outs

Bosses from 10 utilities representing half of Europe's power-generating capacity urged the European Union on Friday to adopt reforms to prevent black-outs and help the indebted sector adapt to future demand. The CEOs, who call themselves the Magritte Grou

Published 13 Oct, 2013 12:00am

Germany warns Ukraine over EU 'window of opportunity'

Germany on Friday told Ukraine the "window of opportunity" for integration with the European Union could close, as Kiev scrambles to find a solution to the imprisonment of ex-premier Yulia Tymoshenko that has held up an association deal. German Foreign Mi

Published 13 Oct, 2013 12:00am

Bank of Cyprus posts record loss

Bank of Cyprus, the recession-hit Mediterranean island's largest lender, Friday announced a record loss of 2.21 billion euros ($3 billion) in 2012, up more than 60 percent on its 2011 losses. Cyprus agreed in March to a 10-billion-euro rescue package nego

Published 13 Oct, 2013 12:00am

Bank of Cyprus posts record loss

Published 13 Oct, 2013 12:00am

BMW eyes record China sales, to recall cars

German luxury car maker BMW said it is set to sell another record number of cars in China this year, an upbeat outlook accompanied by a separate announcement that it would recall over 25,000 defective cars in the nation in 2014. China's consumer quality w

Published 13 Oct, 2013 12:00am

Dow to sell polypropylene catalyst business to W R Grace

Dow Chemical Co will sell its polypropylene licensing and catalysts business to smaller peer W.R. Grace & Co for $500 million as the US chemical maker looks to shed its non-core businesses. The sale is a part of Dow Chemical's plan to sell non-core busine

Published 13 Oct, 2013 12:00am

China to shut 2,000 small coal mines by end of 2015

China says it plans to shut about 2,000 small coal mines by the end of 2015 to improve safety in a sector notorious for its deadly accidents. Coal mines with an annual production capacity of less than 90,000 tons, as well as those that do not meet safety

Published 13 Oct, 2013 12:00am

Italy's debt costs dip again after political clouds clear

Italy's long-term cost of borrowing fell at an auction on Friday compared to a month ago, reflecting optimism from investors over US budget talks and a clearing of the air in the domestic political scene. The positive result followed a sharp fall in Rome'

Published 13 Oct, 2013 12:00am

Italy's debt costs dip again after political clouds clear

Published 13 Oct, 2013 12:00am

Latin America should embrace currency depreciation

Latin American countries should not fear currency depreciation as their economies adjust to an environment of lower global liquidity and slower growth in many emerging markets, policymakers said. Many developing countries have been punished by investors a

Published 13 Oct, 2013 12:00am

UK, Denmark to cooperate on subsea electricity link

Britain could get access to Denmark's big reserves of wind power after grid operators in both countries agreed on Thursday to co-operate on building a power link that could supply up to 1,400 MW of electricity. An interconnector would be part of wider pla

Published 13 Oct, 2013 12:00am

Latam stocks cautiously higher

Latin American stocks rose on Friday as investors bet that the US Congress will reach an agreement to avert a debt default. President Barack Obama and congressional Republican leaders inched toward resolving their fiscal impasse on Friday, but struggled t

Published 13 Oct, 2013 12:00am

Wall Street looking past Washington gridlock at more gains

The budget and debt battles in Washington should not knock the US stock market off its path for long, according to strategists who expect the benchmark S&P 500 to end the year with a 21 percent increase, a Reuters poll found. The equity market has come un

Published 13 Oct, 2013 12:00am

Major Asian stock indices to gain through 2014 on economic recovery hopes

Major Asian stock markets are set to rise in 2014 as the global economy gains traction, despite the risk of fund flows out of the region when the US Federal Reserve begins to scale back its bond buying, Reuters polls showed on Wednesday. Bourses across As

Published 13 Oct, 2013 12:00am

Nikkei to post 46 percent gain this year, best since 1972

Japan's Nikkei index will gain almost 50 percent this year, marking the stock market's biggest annual rise in more than four decades, according to the latest Reuters poll of forecasters that is slightly down from the consensus of three months ago. The tri

Published 13 Oct, 2013 12:00am

London's junior market grows for first time since 2007

London's junior stock market grew for the first time in six years in the third quarter, according to research on Monday, as more companies joined than left. Accountancy group UHY Hacker Young said 20 companies floated on the London Stock Exchange's Altern

Published 13 Oct, 2013 12:00am

Britain's FTSE set to gain into year end, but remain off highs

Britain's top share index will rise through next year but continue to underperform European peers as its heavy exposure to emerging markets hampers returns, a Reuters poll found. The FTSE 100 is set to rise to 6,700 by the end of 2013, according to the me

Published 13 Oct, 2013 12:00am

TSX flat with eye on US budget talks; golds weigh

Canada's main stock index was little changed on Friday with investors awaiting a resolution by US lawmakers to end a federal government shutdown and overall market action muted ahead of the Canadian Thanksgiving long weekend. A drop in gold producers and

Published 13 Oct, 2013 12:00am

Companies push back IPOs over US debt limit uncertainty

Companies are delaying IPOs and follow-on offerings because of fears that the US government will be unable to avoid a debt default, according to capital markets lawyers and bankers. Bankers say they are advising some companies to hold off on launching dea

Published 13 Oct, 2013 12:00am

Treasuries outlook: debt ceiling fears move out to late November-December bills

Yields on Treasuries bills maturing in late November and December jumped on Friday, as investors worried that any deal to increase the US debt ceiling would kick the risks of a default down the road. Gains in longer-dated maturities faded as the market qu

Published 13 Oct, 2013 12:00am

Treasuries outlook: debt ceiling fears move out to late November-December bills

Published 13 Oct, 2013 12:00am

US stocks rise on hopes of debt solution in Washington

US stocks rose on Friday, extending gains from a major rally in the previous session, as investors were hopeful for a solution to end the partial US government shutdown and raise the US borrowing limit to avoid a possible default. The S&P 500, which jumpe

Published 13 Oct, 2013 12:00am

Poland's zloty retreats

Poland's zloty pulled back from three-week highs on Friday as a higher than expected current account deficit for August marred what is otherwise an improving economic outlook, while other Central European assets were mixed. The zloty traded at 4.19 agains

Published 13 Oct, 2013 12:00am

South African rand set to resume slide versus dollar

South Africa's rand will weaken against the dollar in six months after the US Fed starts to trim back its stimulus that has flooded emerging markets with easy money, a Reuters poll showed on Thursday. The rand has been among the emerging market currencies

Published 13 Oct, 2013 12:00am

Long rupee bets return as Asia FX sentiment improves

Bullish bets on the Indian rupee have resurfaced for the first time since early May as investors grow generally more upbeat on most emerging Asian currencies, a Reuters poll showed on Thursday. For the first time since mid-January, the poll of foreign exc

Published 13 Oct, 2013 12:00am

Dollar on track for weekly gain on debt deal optimism

The dollar was on track for its first weekly gain in five against a basket of currencies, as optimism grew that the US Congress will reach agreement on a stop-gap deal to avert a devastating US default. President Barack Obama and congressional Republican

Published 13 Oct, 2013 12:00am

US looking at alleged forex manipulation

The US Justice Department is making inquiries into allegations of foreign exchange rate manipulation centred on the Swiss franc, but has left the heavy lifting to Europe, according to a source familiar with the probe. The Justice Department spoke with par

Published 13 Oct, 2013 12:00am

Key Euribor rate steadies

The benchmark Euribor bank-to-bank lending rate was unchanged on Friday, holding steady after a batch of European Central Bank policymakers indicated they saw no need now to make fresh long-term loans (LTROs) to banks. With the amount of excess liquidity

Published 13 Oct, 2013 12:00am

Latin American currencies rise

Mexico's peso rose on Friday to a 2-1/2 week high and Brazil's real hit its strongest level in nearly four months as investors bet that the US Congress will reach an agreement to avert a devastating debt default. Riskier assets such as emerging market cur

Published 13 Oct, 2013 12:00am

Canadian dollar strengthens

The Canadian dollar strengthened on Friday after Canadian employment figures came in stronger than expected, with the jobless rate falling below 7 percent for the first time in nearly five years. Concern about the US debt-ceiling standoff eased, also supp

Published 13 Oct, 2013 12:00am

Germany, Belgium, Switzerland reach World Cup

Germany, Belgium and Switzerland reached the World Cup finals on Friday as England, defending champions Spain, Russia and Bosnia-Herzegovina all edged closer. Germany booked their place with a convincing 3-0 win over the Republic of Ireland to move to 25

Published 13 Oct, 2013 12:00am

Del Potro smashes Nadal in Shanghai semi

World number one Rafael Nadal was dumped out of the Shanghai Masters on Saturday by inspired Argentine Juan Martin del Potro, who blew the Spaniard away with a relentless display of brutal hitting to set up a final against Novak Djokovic. The giant Del Po

Published 13 Oct, 2013 12:00am

Stosur storms into Japan Women's Open final

Former US Open champion Samantha Stosur of Australia swept aside American teenager Madison Keys in straight sets to advance to the Japan Women's Open final in Osaka on Saturday. Third-seeded Stosur, aiming for her second title this year and fifth of her c

Published 13 Oct, 2013 12:00am

Cricket ground for women cricketers soon

On the instructions of Punjab Chief Minister Shahbaz Sharif, Parks & Horticulture Authority (PHA) has completed development and pavilion renovation works of the cricket ground at R-Block Model Town. Punjab Minister for Education and Sports Rana Mashhood A

Published 13 Oct, 2013 12:00am

PIA clinch Hockey Gold Cup title

After the regulation time ended with scores locked at 5-5 following a thrilling encounter in the summit clash, PIA eventually made the difference in penalty shootouts, overpowering WAPDA 3-2 to claim NBP Hockey Gold Cup Hockey Tournament on Saturday at Na

Published 13 Oct, 2013 12:00am

Gazi's maiden ton lights up run-laden Test

Bangladesh's lower-order batsman Sohag Gazi hit a maiden Test century on Saturday as the first Test against New Zealand in Chittagong headed for a high-scoring draw. The hosts, lying at the bottom of the Test table in 10th place, piled up 501 in reply to

Published 13 Oct, 2013 12:00am

Neymar stunner as Brazil beat South Korea

Brazil star Neymar weathered some harsh attention before scoring a stunning free-kick as he led the World Cup hosts to a 2-0 friendly win over South Korea on Saturday. The Barcelona forward curled his shot past Korean goalie Jung Sung-Ryong just before ha

Published 13 Oct, 2013 12:00am

Ecstatic welcome home for triumphant Afghan cricketers

Afghanistan's cricket team received a heroes' welcome on Saturday as cheering crowds lined the streets and packed a stadium in Kabul to greet the players after they qualified for the 2015 World Cup. The team was met by an official reception at Kabul airpo

Published 13 Oct, 2013 12:00am

Misbah, Smith reckon Ajmal key in Tests

Rival captains Misbah-ul Haq and Graeme Smith both agreed Pakistani off-spinner Saeed Ajmal will be the key in the two-Test series starting here on Monday. Ajmal, who turns 36 on the first day of the match, took 24 wickets when Pakistan humbled then world

Published 13 Oct, 2013 12:00am

AU calls for halt to ICC cases against: Kenyan and Sudanese leaders

African leaders called on Saturday for the prosecutions of Kenya's and Sudan's presidents by the International Criminal Court to be halted, amid complaints the body has only ever pursued Africans. An African Union summit in Addis Ababa was held to discuss

Published 13 Oct, 2013 12:00am

At least 20 dead in Mali boat accident

At least 20 people were killed and as many as 170 were uncounted for after a boat overloaded with passengers and goods capsized on the Niger River in Mali, local residents and officials said on Saturday. The boat was travelling north from Mopti towards th

Published 13 Oct, 2013 12:00am

Thousands stage Paris 'die-in' to protest asbestos risk

Thousands of people staged a "die-in" in Paris on Saturday over authorities' failure to clear workplaces of asbestos, which can cause fatal respiratory diseases after long exposure. The protesters from all over France lay down in the street outside Sorbon

Published 13 Oct, 2013 12:00am

North Korea warns of 'all-out war'

North Korea on Saturday issued a fresh warning of an "all-out war", urging the United States to stop military drills and what it described as "nuclear blackmail". In a thinly veiled threat to strike the United States, the North's National Defence Commissi

Published 13 Oct, 2013 12:00am

Thousands rally for south Yemen independence

Thousands of separatists took to the streets Saturday on the anniversary of the 1967 independence of former South Yemen, but deadly gunfire among the activists marred the rally. The demonstrators came from across the south and gathered on Parade Square in

Published 13 Oct, 2013 12:00am

Congo rebels fire on UN helicopter

Insurgents in eastern Congo fired at a United Nations helicopter on Saturday after threatening to attack UN aircraft, further raising fears of a return to fighting in the volatile region. Negotiations between the M23 rebels and the Democratic Republic of

Published 13 Oct, 2013 12:00am

AFP wins war reporting awards for Syria coverage

Agence France-Presse won several prizes Saturday at the 20th Bayeux-Calvados awards for war correspondents, which this year was dominated by reporting of the Syrian conflict. French daily Le Monde's Jean-Philippe Remy won the top print award for his work

Published 13 Oct, 2013 12:00am

California governor vetoes tough gun control bills

California Governor Jerry Brown vetoed several gun control bills on Friday, a move that essentially rebuffs an effort by fellow Democrats to enact a sweeping expansion of firearms regulation in the most populous US state. Brown vetoed the strictest bill,

Published 13 Oct, 2013 12:00am

13 dead, millions without power as typhoon hits Philippines

Typhoon Nari pounded the northern Philippines early Saturday, killing 13 people, ripping roofs off thousands of buildings, and leaving more than two million without power. Nari tore into the country's north-east coast around midnight (1600 GMT Friday), to

Published 13 Oct, 2013 12:00am

Mass Catalan rally calls for Spanish unity on national day

Tens of thousands of demonstrators massed in Catalonia on Saturday seeking to drown out calls for independence with a show of Spanish unity on the country's national day. Holding aloft a giant banner with the Spanish and Catalan flags, the pro-unity demon

Published 13 Oct, 2013 12:00am

Thousands protest against Areva in Niger

Thousands of people in Niger protested Saturday against French nuclear firm Areva, which has been mining uranium in the impoverished country for nearly 50 years, one of the organisers said. "The aim of the protest, which has gathered about 5,000 people, i

Published 13 Oct, 2013 12:00am

Taiwan makes biggest heroin bust in 20 years

Taiwan seized more than 220 pounds of heroin in its biggest bust of the drug in 20 years, arresting two people involved in smuggling it from Vietnam, officials said Saturday. Agents confiscated the 270 heroin bricks smuggled in a cargo container in southe

Published 13 Oct, 2013 12:00am

Secret US court approves further phone tracking

The secret federal court overseeing US wiretapping programs has extended the government's authority to collect US telephone records, the office of the Director of National Intelligence James Clapper said late Friday. Clapper "has decided to declassify and

Published 13 Oct, 2013 12:00am

China's oil, iron ore imports set records in September, copper at 18-month high

China's daily imports of crude rebounded in September from the previous month to a fresh record, bearing out forecasts for the country to overtake the United States as the world's largest oil importer, as refineries restarted following maintenance. Iron o

Published 13 Oct, 2013 12:00am

ICE cotton ekes out gain, posts biggest weekly loss since August

Cotton futures edged up on Friday as rain in India threatened supplies in the world's No 2 producer, though prices still posted the biggest weekly loss since late August. The most-active December cotton contract on ICE Futures US edged up 0.20 cent, or 0.

Published 13 Oct, 2013 12:00am

China to be world's top gold buyer this year: experts

China is set to overtake India to become the world's top gold consumer this year, as the driving forces in the market shift from West to East, an industry association said Tuesday. "Most likely this year we will see China overtake India slightly," Albert

Published 13 Oct, 2013 12:00am

Rain may cut Ukraine winter grain area by 20 percent

Heavy rains across Ukraine look set to shrink winter grain areas and slow exports but will not prevent the first shipments of maize to China under a landmark $1.5 billion deal signed last year, Agriculture Minister Mykola Prysyazhnyuk said on Tuesday. Pry

Published 13 Oct, 2013 12:00am

Rusal lobbies for no change to LME warehouse rules

Russia's United Company Rusal, the world's largest aluminium producer, is urging the London Metal Exchange to leave its controversial warehousing rules unchanged or risk damaging the whole market, Deputy CEO Oleg Mukhamedshin said on Tuesday. The LME, the

Published 13 Oct, 2013 12:00am

Higher prices lure farmers, boost West Africa cotton output

West African cotton output is expected to jump 18.5 percent to 2,369,000 tonnes in the 2013/14 season due to increased planted acreage in top producing nations, data compiled by Reuters showed on Friday. The figure is 10 percent more than a June forecast

Published 13 Oct, 2013 12:00am

Gold drops to three-month low in New York

Gold fell 1.5 percent on Friday to its lowest in three months as unusually large sale orders in New York futures and signs a deal might be near to avert a potential US debt default prompted jittery investors to flee the bullion market. The precious metal,

Published 13 Oct, 2013 12:00am

Commodities diverge with US debt deal on horizon, metals enjoy mixed fortunes

Commodity markets saw mixed fortunes this week, but Brent oil hit a one-month peak on hopes of a deal that would resolve the US budget gridlock and avoid a damaging default. Gold prices, in contrast, touched a three-month low as the prospect of a US deal

Published 13 Oct, 2013 12:00am

The LoI - I

On 19th August 2013 the LoI submitted by the Government of Pakistan to the IMF details a number of actions that are specific to the Extended Fund Facility (EFF) approved for Pakistan and as per the IMF website, "usually includes measures to improve the wa

Published 13 Oct, 2013 12:00am

Nobel jury defends win for chemical weapons monitor

In the run-up to Nobel Peace Prize announcement, the leading candidate was 16-year-old Malala Yousafzai, the Pakistani education activist shot in the head by the Taliban last year. The Organisation for the Prohibition of Chemical Weapons (OPCW), the inter

Published 13 Oct, 2013 12:00am

'The woman behind IT revolution'

If seriousness and commitment on the part of Nawaz Sharif government is to be adjudged it should be done, inter alia, on the yardstick of achievements of Ministry of Information Technology and Telecom under the inspiring leadership of Anusha Rehman, the M

Published 13 Oct, 2013 12:00am

Smaller dams

Another year has passed without having achieved any significant progress on the construction of a number of small and medium-sized dams planned across the country. Twelve small multi-purpose dams were to be completed by this year, but not a single project

Published 13 Oct, 2013 12:00am

Black coats misbehaving again

In a shocking incident on Wednesday, lawyers in Islamabad's district courts locked the doors of 40 courtrooms, confining several judges in their chambers because a civil judge was reluctant to issue contempt notice to Capital Development Authority (CDA) C

Published 13 Oct, 2013 12:00am

World Economic Outlook

The news from the IMF is depressing. In its latest World Economic Outlook released on 8th October, it has shaved its 2013 global growth forecast by 0.3 percentage point to 2.9 percent and 2014 forecast by 0.2 percentage point to 3.6 percent and warned tha

Published 13 Oct, 2013 12:00am

Country's future linked with continuity of democracy: Hamza

Pakistan Muslim League-Nawaz (PML-N) believes that the future of Pakistan is linked with the continuity of democracy and stability of the institutions and we should think only and only for Pakistan. The PML-N senior leader Hamza Shahbaz Sharif said this w

Published 13 Oct, 2013 12:00am

Acid attack: LHC CJ seeks fresh report within week

The Chief Justice Lahore High Court here on Saturday directed District and Sessions Judge Toba Tek Singh to send a fresh report about submission of police report before trial court within a week regarding acid thrown on a man by his wife. Muhammad Mushtaq

Published 13 Oct, 2013 12:00am

Innovation holds key to success for young entrepreneurs: LCCI SVP

Lahore Chamber of Commerce and Industry (LCCI) Senior Vice President Mian Tariq Misbah on Saturday said that innovation held the key to success for young entrepreneurs therefore they should have an eye on global patterns, while doing their businesses.

Published 13 Oct, 2013 12:00am

'Country to become polio-free state soon'

Minister of State for National Health Services, Regulations and Co-ordination Saira Afzal Tarar on Saturday said owing to strong political will and commitment at the highest level, Pakistan's profile in eradication of the disease is improving significantl

Published 13 Oct, 2013 12:00am

Four-day handmade carpet show from October 22

Pakistan Carpet Manufacturers and Exporters' Association is holding Pakistan Hand Knotted Carpet Exhibition, its annual four-day mega show, from October 22 to 25 in the provincial metropolis. The hand knotted carpet show will be inaugurated by Mujtaba Shu

Published 13 Oct, 2013 12:00am

APC on Taliban talks: PPP extended full support

Leader of the Opposition in National Assembly, Syed Khursheed Shah has rejected MQM's reservations on Karachi operation, saying the operation was started on the demand of MQM. He said this while talking to media on Saturday. On a query regarding negotiati

Published 13 Oct, 2013 12:00am

Power shortfall reaches 4,000 megawatts

Power shortfall reaches 4,000MW despite a mild weather in the town with a rain spell a day before. According to the NTDC sources, power generation stood at 11,800MW against a demand of 15,600MW, leaving the system with a total shortfall of 3,800MW. Meanwh

Published 13 Oct, 2013 12:00am

DCOs asked to ensure display of rate lists at shops

Punjab Chief Secretary Javed Aslam has directed District Co-ordination Officers (DCOs) all over the province to ensure display of rate lists of essential items, particularly separate rates of vegetable and fruits, conspicuously in the shops. He issued the

Published 13 Oct, 2013 12:00am

Minister elaborates causes of recent price hike

Provincial Minister for Education and Youth Affairs Punjab, Rana Mashhood Ahmed Khan has said that the recent price hike due to inflated electricity bills was a logical consequence of the process to attain self-sufficiency as a sovereign, self-determined

Published 13 Oct, 2013 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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