News Archives for Print - 2013-11-23

Print - 2013-11-23

'EU market access may create one million jobs annually'

Market access from the European Union under the Generalised System of Preferences (GSP) plus may create one million fresh jobs annually, as exports of every one billion dollar will bring one million new jobs to the industry. World textile trade comes arou

Published 23 Nov, 2013 12:00am

UK travel agents: PIA makes payment of £400,000 after losing case

Pakistan International Airlines (PIA) has paid about £400,000 in cash to two UK travel agents, after losing a case against them for not paying commission for selling tickets, Secretary Aviation and Chairman PIA Mohammad Ali Gardezi told Business Record

Published 23 Nov, 2013 12:00am

RAHA-UNDP KP organises training for women

Refugees Affected and Hosting Areas Programme (RAHA-UNDP), Khyber Pakhtunkhwa, a project funded by government of Japan, organised a month skilled training for women from three union councils of Peshawar. During the month skilled training Programme, around
Published 23 Nov, 2013 12:00am

Supreme Court declares appointment of HEC's AED illegal, void

The Supreme Court on Friday announced detailed judgement on ghost schools while declaring the appointment of Acting Executive Director (AED) of Higher Education Commission (HEC) illegal and void. The Order stated that the appointment was contrary to HEC O
Published 23 Nov, 2013 12:00am

Remembering Iqbal

Business Recorder, a Karachi-based newspaper, must be commended for carrying a front-page item on the 136th birth anniversary of Dr Allama Iqbal. This newspaper has always treated such events and occasions with traditional fervour and zeal. I happened to
Published 23 Nov, 2013 12:00am

Australia's Abbott faces no-win choice over spying apology

Australia's Prime Minister Tony Abbott faces a tough diplomatic choice over Indonesian President Susilo Bambang Yudhoyono's demand for an apology over alleged spying. Saying sorry could head off a damaging diplomatic spat, but owning up to tracking the In
Published 23 Nov, 2013 12:00am

Still-pricey ethanol credits show risk of EPA rule challenge

In theory, the US Environmental Protection Agency's move last week to slash the amount of ethanol to be blended into gasoline next year should have reduced the value of volatile compliance credits to near zero.
Published 23 Nov, 2013 12:00am

Inflation: barking up the wrong tree

Dr Zafar Altaf Pakistan's prescriptive analysis needs to be rechecked. We have a serious problem where we may have theoretician [or pseudo ones] without any field experiences. Suffering as we are from any and multiple kinds of inferiority complexes the re
Published 23 Nov, 2013 12:00am

The lasting legacy of Justice Chaudhry

Not that Chief Justice Iftikhar Muhammad Chaudhry wants an extension of his term that expires next month. But the kind of across-the-board togetherness put up by members of the National Assembly in opposing MNA Jamshed Dasti's move for his extension early
Published 23 Nov, 2013 12:00am

Purging weak banks

Voices for censuring the weak financial institutions have become much louder since the eruption of banking crisis and the onset of global recession a few years ago. At a meeting of leading bankers and regulators at Frankfurt on 18th November, there was a
Published 23 Nov, 2013 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 23 Nov, 2013 12:00am

Cotton drops to 10-month low

Cotton futures sank 2 percent on Friday and touched a more than ten-month low, weighed by supply pressures, demand worries, and long liquidation. The most-active March cotton contract on ICE Futures US was down 1.58 cent, or 2 percent, at 76.77 cents a lb
Published 23 Nov, 2013 12:00am

Lower gold prices spur some buying in Asia; Indian premiums jump

Gold's drop to a four-month low this week attracted buyers in Asia but dealers were doubtful the demand would last as consumers may be waiting for the market to go even lower. Spot gold fell to $1,240.69 an ounce on Wednesday, its lowest since early July,
Published 23 Nov, 2013 12:00am

Shanghai copper gains

The most traded February copper contract on the Shanghai Futures Exchange gained 1 percent to 50,610 yuan ($8,300) a tonne on Friday as prices buoyed by steady if slowly growing demand and a temporary shortfall in supply after a typhoon-hit Philippine sme
Published 23 Nov, 2013 12:00am

Copper moves higher

Copper rose on Friday, lifted by a weaker dollar against the euro, signs of growth in Europe's biggest economy Germany and a temporary supply shortfall after a typhoon-hit Philippine smelter halted some shipments. Copper is recovering from three-month low
Published 23 Nov, 2013 12:00am

US oil sinks, but Brent firm in choppy trade

Benchmark Brent crude rose on Friday in choppy trade amid dwindling expectations of an imminent breakthrough in talks over Iran's nuclear program, while US prices sank. Heavy unwinding of the spread trade between European Brent and US West Texas Intermedi
Published 23 Nov, 2013 12:00am

Tokyo rubber futures up

An easing Japanese yen pushed Tokyo rubber futures up 1.6 percent on Friday, but weaker oil prices and profit-taking ahead of the weekend limited the gains, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery ros
Published 23 Nov, 2013 12:00am

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1700 GMT.
Published 23 Nov, 2013 12:00am

Corn climbs on strong cash market

US corn futures climbed for the second time in three days on Thursday, gaining more than 1 percent on a strengthening cash market and persistently large weekly export sales. Soyabeans also rallied more than 1 percent amid strong export sales, technical bu
Published 23 Nov, 2013 12:00am

Palm oil slips

Malaysian palm oil futures ended lower on Friday, reversing gains as investors booked profits from prices that soared to more-than-one-year highs, while prospects of higher output from the world's top producer weighed on the market. Indonesia's palm oil o
Published 23 Nov, 2013 12:00am

Coffee tumbles

Coffee futures on both ICE and Liffe fell more than 3 percent on Friday after failing to extend gains and heavy selling entered the markets, while raw sugar pared losses after hitting the lowest since September. Cocoa on ICE Futures US edged up near a two
Published 23 Nov, 2013 12:00am

Gold soars in New York

Gold prices rose on Thursday, rebounding from a four-month low set earlier in the session on renewed fears that the US Federal Reserve might soon be able to start scaling back its monetary stimulus. Bullion had tumbled 2.5 percent on Wednesday, its bigges
Published 23 Nov, 2013 12:00am

Gold rises in Asia

Gold was heading for its sharpest weekly drop in more than two months as strong US economic data and uncertainty over the timing of the rollback of the Federal Reserve's stimulus measures sent the metal to its lowest since early July. Spot gold had risen
Published 23 Nov, 2013 12:00am

Gold surges in Europe

Gold edged higher on Friday as the dollar weakened, but stayed on track for its sharpest weekly drop in more than two months as strong US economic data raised uncertainty over the timing of the Federal Reserve's stimulus slowdown. Spot gold was up 0.5 per
Published 23 Nov, 2013 12:00am

US MIDDAY: soyabeans rally

US soyabean futures rallied 1.5 percent on Friday on firm cash markets, good export demand and spillover strength from higher soyameal futures, which surged 3 percent. Wheat futures edged higher for a second straight day, aiming for the first weekly gain
Published 23 Nov, 2013 12:00am

US MIDDAY: gold soars

Gold edged higher early on Friday in response to a weaker dollar but remained on track for its sharpest weekly drop in more than two months as strong US economic data raised uncertainty over the timing of a slowdown in stimulus measures. Spot gold was up
Published 23 Nov, 2013 12:00am

Japan to import 26,370 tonnes of feed wheat

Japan's Ministry of Agriculture said it would import 26,370 tonnes of feed-quality wheat via a simultaneous buy-and-sell (SBS) auction that closed late on Wednesday. The ministry had sought 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley in
Published 23 Nov, 2013 12:00am

Wheat export premiums steady to higher

Wheat export premiums at the US Gulf Coast were steady to higher on Thursday, with nearby values rising in tandem with higher CIF barge basis values amid good export demand, traders said. Nearby CIF basis values jumped sharply as at least one short-bought
Published 23 Nov, 2013 12:00am

US Midwest corn bids firm on slow sales

Corn cash basis bids firmed around the US Midwest on Thursday as farmers continued to delay sales while surging ethanol futures improved profit prospects for makers of the grain-based fuel additive, grain merchants said. Corn bids gained 5 cents per bushe
Published 23 Nov, 2013 12:00am

EU wheat futures rise at five-month high

European wheat futures rose on Thursday to their highest in more than five months as strong export demand continued to bolster prices in western Europe. Interest from Morocco, which is set to suspend import duties on wheat from January, was bringing fresh
Published 23 Nov, 2013 12:00am

Indian sugar futures range-bound

Indian sugar futures saw range-bound trade on Thursday as the deadlock between farmers and mills over cane price continued even as a leading cane producing state announced its support price for the current crushing season. Uttar Pradesh on Wednesday retai
Published 23 Nov, 2013 12:00am

Rains curb French wheat sowings

Heavy rains have disrupted the sowing of winter wheat in France and may lead to some loss in planned area, but conditions have been generally favourable in Germany and plantings are up sharply in Britain. Wheat sowing in France, the European Union's top g
Published 23 Nov, 2013 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 82,105 tonnes of cargo comprising 61,078 tonnes of import cargo and 21,027 tonnes of export cargo including 2,587 loaded and empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 61,078
Published 23 Nov, 2013 12:00am

Rates firm on grain market

According to the Grain Merchant Group prices were firm on the wholesale grain and oilseed markets on Friday.
Published 23 Nov, 2013 12:00am

Cotton market: prices firm on strong demand by mills

Prices were firm on the cotton market on Friday as mills and spinners both played an active part in fresh buying, dealers said on Friday. The official spot rate was unchanged at Rs 6,450, they said. Price of seed cotton in Sindh per 40 kg were inert at Rs
Published 23 Nov, 2013 12:00am

Luxembourg, Cyprus, Switzerland fail tax transparency test: OECD

Luxembourg, Cyprus, the British Virgin Islands, Switzerland and the Seychelles do not meet international standards on tax transparency, potentially putting investments in the countries at risk, a global tax forum said on Friday.
Published 23 Nov, 2013 12:00am

Thousands of Portugal police officers in anti-austerity protest

Thousands of Portuguese police officers, paramilitary police and other security officers took to the streets of the capital Thursday to protest the government's latest austerity measures. Protesters in plain clothes massed outside parliament, where they b
Published 23 Nov, 2013 12:00am

Consortia pay $9 billion for Brazil airport rights

Airport operators from Singapore, Germany, Switzerland and Brazil on Friday won rights to run airports in Rio and Belo Horizonte, two host cities of the 2014 World Cup. One consortium including engineering firm Odebrecht and Singapore airport operator Cha
Published 23 Nov, 2013 12:00am

China revises rules to monitor cross-border forex deals

China has revised rules for local individuals and firms to report cross-border financial deals besides overseas assets and debts, the cabinet said on Friday, a step that analysts say aims to monitor cross-border money flows. Foreigners and foreign firms w
Published 23 Nov, 2013 12:00am

German business morale surges but third quarter growth moderate

German business morale surged to its strongest in a year and a half in November, suggesting Europe's largest economy is gaining steam into the end of the year after growing by a modest 0.3 percent in the third quarter.
Published 23 Nov, 2013 12:00am

Goldman Sachs puts uranium trading business up for sale

US bank Goldman Sachs Group Inc is putting its uranium trading business up for sale, a source familiar with the matter said on Friday. The move comes as other US banks, including J. P Morgan Chase & Co and Morgan Stanley, look to exit physical commodity t
Published 23 Nov, 2013 12:00am

Uzbekistan to build first solar power plant

Uzbekistan will be the first Central Asian country to build a solar power plant in a bid to develop clean energy in the region, the head of the Asian Development Bank (ADB) said Friday. "Earlier this week ADB's board of directors approved a loan of more t
Published 23 Nov, 2013 12:00am

Russian lawmakers agree to let Gazprom's rivals export LNG

Russia's lower house of parliament gave its final backing on Friday to amendments that would end Gazprom's gas export monopoly by letting rival companies send super-cooled gas by tanker to the fast-growing Asian market. Russia wants to double its share of
Published 23 Nov, 2013 12:00am

Novartis sweetens investors with $5 billion share buyback

Swiss drugmaker Novartis AG has offered investors a $5 billion sweetener through a share buyback programme, signalling a sharper focus on shareholder rewards as it moves away from the big take-overs of the past.
Published 23 Nov, 2013 12:00am

Friday's midday trade: stocks little changed

US stocks were little changed on Friday amid a dearth of data and ahead of a holiday-shortened week in the United States, a day after the Dow industrials closed above 16,000 for the first time. The Dow's record high came Thursday as data on inflation and
Published 23 Nov, 2013 12:00am

British police arrest former Co-operative Bank chairman in drugs probe

British police have arrested the former chairman of the Co-operative Bank as part of an investigation into the supply of illegal drugs, ratcheting up pressure on the 141-year-old bank as investors mull plugging a $2.4 billion capital shortfall.
Published 23 Nov, 2013 12:00am

EU trade chief says China investment pact must open markets

Europe has no interest in a bilateral investment pact with China that omits measures to prise open the Asian giant's markets, the European Union's trade commissioner said on Friday, after a summit with Chinese leaders announced plans for treaty talks.
Published 23 Nov, 2013 12:00am

Eurozone mulls cheap loans as incentive for economic reforms

Eurozone governments are considering cheap loans to governments as an incentive to undertake structural reforms which pay off only in the medium-term, an EU document showed on Friday, introducing for the first time a discussion on fiscal transfers. The do
Published 23 Nov, 2013 12:00am

Hong Kong stocks higher, China down

Hong Kong shares rose 0.49 percent on Friday after the Dow Jones on Wall Street ended above the 16,000 barrier for the first time. The benchmark Hang Seng Index added 115.99 points to 23,696.28 on turnover of HK$64.81 billion ($8.36 billion).
Published 23 Nov, 2013 12:00am

Indian shares flat

India's shares erased earlier gains to close flat on Friday, marking a third consecutive weekly fall, as blue chips such as ITC were hit by profit-booking on continued signs that foreign investors' appetite for domestic shares is starting to wane. Foreign
Published 23 Nov, 2013 12:00am

Dow ends above 16,000 for first time, boosted by data

The Dow industrials closed above 16,000 for the first time on Thursday as stocks rebounded from three days of weakness, after economic data pointed to a slowly improving labour market and subdued inflation. Financial shares led the market to its first day
Published 23 Nov, 2013 12:00am

Seoul shares higher

South Korean shares ended higher on Friday, snapping a two-day losing streak and recouping some of Thursday's losses on the back of positive leads from the US overnight as well as some bargain hunting by investors. The Korea Composite Stock Price Index (K
Published 23 Nov, 2013 12:00am

Treasuries edge up

Prices for US Treasuries rose slightly on Thursday as investors weighed the likelihood of a pullback in stimulus by the Federal Reserve, while economic data and Fed speakers sent mixed signals. Jobless claims suggested the US jobs market could be finding
Published 23 Nov, 2013 12:00am

Australian shares gain

Australian shares gained 0.9 percent on Friday, snapping a 4-session losing streak on the back of a sharp fall in the Australian dollar after the head of the country's central bank said he was open to intervening to weaken the currency. Upbeat US economic
Published 23 Nov, 2013 12:00am

Tokyo stocks soar

Tokyo stocks closed 0.10 percent higher Friday, with the market's strong start fizzling as the dollar lost ground against the yen. The benchmark Nikkei 225 index, which surged 1.23 percent by the break, ended 16.12 points higher at 15,381.72. The Topix in
Published 23 Nov, 2013 12:00am

European shares hover near multi-year highs

European shares inched higher on Friday, consolidating near multi-year highs as investors awaited a new catalyst to drive equities out of their current tight trading range. The FTSEurofirst 300 closed 1.31 points higher at 1,296.92 points, within a whiske
Published 23 Nov, 2013 12:00am

Vietnam index up

Vietnam's benchmark VN Index ended 0.42 percent up at 505.64 points on Friday as investors bought cheap shares, analysts said. Investors picked up stocks that fell due to profit taking in the previous session, especially those in the real estate sector, a
Published 23 Nov, 2013 12:00am

Taiwan stocks rise

Taiwan stocks rose 0.34 percent on Friday morning, with most major sub-indexes seeing gains despite a net weekly loss for the overall market. As of 0210 GMT, the main TAIEX index was up 27.31 points at 8126.76, largely in line with other regional and glob
Published 23 Nov, 2013 12:00am

Southeast Asian markets: Thai stocks see worst weekly drop in nearly two months

Thai stocks closed at a 11-week low on Friday, on concerns over domestic political uncertainty while other Southeast Asian markets recouped some early losses in thin trade amid caution about the prospect of a stimulus cut in the US
Published 23 Nov, 2013 12:00am

FTSE edges down on weaker miners, falls for third week

Britain's top share index ended slightly lower on Friday for a third straight week of losses, with miners down on concern about their earnings outlook and Tui Travel slipping after a key investor sold his stake in the company. Tui Travel fell 7.8 percent
Published 23 Nov, 2013 12:00am

Dressing-down fired Aussies, says Haddin

Australia's Brad Haddin revealed how a sharp dressing-down sparked one of England's biggest Ashes collapses after an inspired Mitchell Johnson terrorised their batting line-up. Haddin said with England on 55 for two at lunch on day two, bowling coach Crai
Published 23 Nov, 2013 12:00am

Haase tested positive in 2006

An anti-doping test carried out in 2006 revealed abnormally high levels of testosterone in Dutch tennis player Robin Haase, press reports in the Netherlands revealed on Friday. Haase, 26, explained in the daily Volkskrant that, after undergoing the test,
Published 23 Nov, 2013 12:00am

Bolt sets sights on breaking own world record

Jamaican sprint star Usain Bolt has set his sights on breaking his own 200-metre world record in 2014 with no competitions to distract his focus. Bolt, who was last week named IAAF male World Athlete of the Year for a fifth time, captured yet another trip
Published 23 Nov, 2013 12:00am

Aussies on top as Johnson destroys England

Recalled paceman Mitchell Johnson returned to his brutal best Friday as Australia blew away England for just 136 to turn the first Ashes Test on its head. Australia, castigated for a top-order failure on day one, roared back to rattle the trophy-holders w
Published 23 Nov, 2013 12:00am

Barcelona injuries not an excuse for Martino

Barcelona coach Gerardo Martino has said his side's growing injury list should not serve as an excuse if they fail to keep their 100 percent home league record going against Granada on Saturday. The Catalans will be without World Player of the Year Lionel
Published 23 Nov, 2013 12:00am

Burkina Faso protest Algeria win over 'ineligible' player

The Burkina Faso football federation (FBF) have complained to FIFA over what they say was the ineligible participation of Algerian defender Madjid Bougherra in Tuesday's World Cup play-off defeat.
Published 23 Nov, 2013 12:00am

Sharapova takes on Groeneveld as coach

Four-time Grand Slam champion Maria Sharapova has hired Sven Groeneveld as her new coach for the 2014 season. The Russian world number four made the announcement on her Facebook page on Thursday after being without a coach since parting ways with Jimmy Co
Published 23 Nov, 2013 12:00am

Norwegian prodigy Carlsen claims world chess title

Norwegian prodigy Magnus Carlsen claimed the world chess title on Friday in emphatic style, dethroning India's Viswanathan Anand after a one-sided series and becoming the first Western champion since 1975. The 22-year-old, the current world number one, wo
Published 23 Nov, 2013 12:00am

Lee breezes into Hong Kong Open semi-finals

Malaysian world number one Lee Chong Wei on Friday brushed aside Jan Jorgensen of Denmark 21-8, 21-17 to reach the semi-finals of the Hong Kong Open badminton Superseries tournament. The 31-year-old two-time Olympic silver medallist had little trouble in
Published 23 Nov, 2013 12:00am

Blatter hits back in Qatar Cup row

FIFA boss Sepp Blatter on Friday hit back at criticism over work conditions on World Cup venues in Qatar, accusing European companies and saying France and Germany pushed the Qatari bid for "economic interests".
Published 23 Nov, 2013 12:00am

Spanish car plants look beyond low labour costs to prolong boom

While much of the European car industry is in dire straits, Spanish assembly plants are raising production, winning new models and creating jobs despite years of recession. But Spanish manufacturers must expand into research and development while the stat
Published 23 Nov, 2013 12:00am

Britain's Triumph Motorcycles aims to win over India's wealthy bikers

Britain's Triumph Motorcycles will start selling its iconic bikes in India on Thursday as it seeks to capture the hearts of wealthy motor heads who ride for passion not function. Privately held Triumph is following high-end motorcycle makers such as Harle
Published 23 Nov, 2013 12:00am

EU imposes duties on biodiesel from Argentina, Indonesia

The European Union will impose punitive duties on imports of biodiesel from Argentina and Indonesia for the next five years after ruling that producers there were selling into the bloc at unfairly low prices. The European Commission, the EU's executive bo
Published 23 Nov, 2013 12:00am

Volkswagen shields product-based spending from cost cuts

Volkswagen, Europe's biggest carmaker, will keep spending on upgrading and expanding its range of models in the years ahead, despite lowering planned investment in other areas to offset rising costs. The German company will dedicate over two thirds of ove
Published 23 Nov, 2013 12:00am

BofA says it should owe zero penalty in 'Hustle' fraud case

Bank of America Corp urged a US federal judge to impose no penalty even after a jury found it liable for fraud over the sale of defective mortgages by its Countrywide Financial unit. The US Department of Justice is seeking $863.6 million of damages from t
Published 23 Nov, 2013 12:00am

Credit Suisse sets up Swiss subsidiary as crisis lifeboat

Credit Suisse said on Thursday it was setting up a Swiss subsidiary by mid-2015, a move that would make it easier to break up the bank in the event of a severe crisis. The move would cover primarily wealth management, retail and corporate and institutiona
Published 23 Nov, 2013 12:00am

Italy to sell stakes in eight firms to cut debt

Italy will sell stakes in eight companies including energy giant Eni in a "first packet of privatisations" expected to raise up to 12 billion euros ($16.1 billion), Prime Minister Enrico Letta said on Thursday. The sales are "a first move towards not just
Published 23 Nov, 2013 12:00am

Maybank posts highest-ever quarterly profit as SE Asia drive pays off

Malayan Banking Bhd (Maybank), Southeast Asia's fourth-biggest lender by assets, posted its highest quarterly profit since its 1960s opening as vibrant economies from Malaysia to the Philippines spurred loan growth. The bank, like principal rival CIMB Gro
Published 23 Nov, 2013 12:00am

Pakistan Pavilion at Tripoli Fair: KCCI officials, TDAP DG to hold discussion

Secretary Trade Development Authority of Pakistan, Rabia Javeri Agha has said that a meeting of representatives of the Karachi Chamber of Commerce and Industry (KCCI) will be arranged with relevant TDAP Director General to discuss the issuance of allocati
Published 23 Nov, 2013 12:00am

SSC supplementary exams conclude

The supplementary examinations held for Secondary School Certificate (SSC) concluded in the city on Friday in a peaceful manner with no report of any untoward incident in any of the 95 designated examination centres. Around 3,000 candidates appeared in th
Published 23 Nov, 2013 12:00am

Two Boeing 737-800 inducted into PIA fleet

PIA has inducted two latest, state of the Art Boeing 737-800 in its fleet. The fuel efficient aircraft of Boeing 737 NG Family will greatly benefit PIA in terms of fuel efficiency and savings. Secretary Aviation +ACY- Chairman PIA, Muhammad Ali Gardezi in
Published 23 Nov, 2013 12:00am

Drone attack: Pakistan conveys concern to US ambassador

Pakistan on Friday conveyed its deep concern to United States Ambassador in Pakistan Richard Olson over the recent drone attack that took place in Hangu district of Khyber Pakhtunkhwa. According to a Foreign Office statement here, the government of Pakist
Published 23 Nov, 2013 12:00am

13 held in targeted raids

Rangers on Friday claimed to have arrested 13 hardened criminals during targeted raids in different parts of the city and recovered arms and ammunition from their possession. Rangers targeted raids in Shah Faisal Colony, Gulshan-e-Iqbal, Mianwali Colony,
Published 23 Nov, 2013 12:00am

Microfinance Forum in Islamabad on November 28

The seventh 'Pakistan Microfinance Country Forum 2013' organised annually by Shamrock Conferences International will be held on November 28, at a hotel in Islamabad. Representatives from the regulatory bodies, microfinance banks and financial institutions
Published 23 Nov, 2013 12:00am

Balochistan LG polls: troops to be deployed in sensitive areas

The Election Commission of Pakistan (ECP) has decided to take extra security measures, with army on standby, during local bodies elections in Balochistan on December 7.
Published 23 Nov, 2013 12:00am

Pakistan a huge market for microfinance industry: CEO TMFB

Pakistan is a huge market for microfinance industry which has tapped nearly 2.6 million active borrowers against 30 million targeted customers largely residing in small cities and villages with no access to financial institutions.
Published 23 Nov, 2013 12:00am

Developing livestock, dairy industry: PTA for devising policy with emphasis on meat export

Chairman Pakistan Tanners Association (PTA) Fawad Jawed has advised the government to devise a policy for developing livestock and dairy industry with greater emphasis on exporting meat instead of livestock.
Published 23 Nov, 2013 12:00am

'Kashmir and Sindh' book banned in KP

The Khyber Pakhtunkhwa government has imposed a ban on the publication and sale of a book titled "Kashmir and Sindh" and its copies in the province written by Suranjan Das, Professor of History in Kolkata University, for containing subversion material.
Published 23 Nov, 2013 12:00am

Bookshop opens at Alliance Francaise

A bookshop was opened at the Alliance Francaise Karachi on Thursday evening. Ambassador of France to Pakistan Philippe Theibaud, and the German Ambassador, Cyrill Nunn jointly performed the inauguration. Consul General of France in Karachi, Christian Rama
Published 23 Nov, 2013 12:00am

Partly Facetious: Where did the cookie crumble?

"I am reminded of Container Malik."
Published 23 Nov, 2013 12:00am

Traffic wardens' appointments hailed

The acting President Sialkot Chamber of Commerce and Industry (SCCI) Mian Muhammad Anwar in a press statement, on behalf of Sialkot business community, thanked Mian Muhammad Shahbaz Sharif, Chief Minister of Punjab for his kindness to issue instructions f
Published 23 Nov, 2013 12:00am

Rallies held in Multan

Protest rallies were organised in Multan, Bahawalpur, Dera Ghazi Khan and 13 other towns at the call of Wifaq-ul-Madaris Arabia and Ahle Sunnat-wal-Jamaat on Friday against the Rawalpindi riots and killing of innocent people. Army was deployed in differen
Published 23 Nov, 2013 12:00am

'More oil and gas reserves discovered in KP'

Speaker Provincial Assembly Khyber Pakhtunkhwa, Asad Qaiser on Friday said that oil and gas reserves had been found at nine more locations near Karak district of KP. Presiding over a high level meeting at Assembly Secretariat, he said that a huge quantity
Published 23 Nov, 2013 12:00am

Protesters demand immediate arrest of culprits

Protest demonstrations were arranged by different religious parties in the provincial metropolis on Friday, to condemn the Rawalpindi incident urging the government to arrest culprits and award them exemplary punishment.
Published 23 Nov, 2013 12:00am

ASWJ seeks ban on mourning processions

Condemning the killing of 11 on Ashura in Rawalpindi different religious groups on Friday staged peaceful protest demonstrations in the twin cities amid foolproof security arrangements made by the law enforcement agencies. The protest call was given by di
Published 23 Nov, 2013 12:00am

Firing by cop hurts nine in Bana Manari

Nine persons including a woman received bullets injuries due to firing of police cop in Bana Manari area of the city here on Friday. Deputy Commissioner Peshawar, Zaheerul Islam confirmed this while talking to reporters that Constable Ali Badshah allegedl
Published 23 Nov, 2013 12:00am

Protest Day observed in KP

On the call of JUI-F a protest day was observed against Rawalpindi tragedy across Khyber-Pakhtunkhwa and it was termed an organised, planned conspiracy to spread sectarian hatred in the country.
Published 23 Nov, 2013 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Nov 25

277.83

USD PKR Interbank Buying / Nov 25

277.73

USD to Japanese Yen / Nov 26

153.83

USD to Swiss Franc / Nov 26

0.89

Pound Sterling to USD / Nov 26

1.25

Euro to USD / Nov 26

1.05

Stock Volume

S&P 500 / Nov 25

5,987.37

Nasdaq / Nov 25

18,054.84

FTSE 100 / Nov 25

8,291.68

Dow Jones / Nov 25

44,736.57

Germany DAX 30 / Nov 25

19,405.20

France CAC40 / Nov 25

7,257.47

India Sensex / Nov 26

80,083.15

Tokyo Nikkei / Nov 26

38,266.61

Item Value

Gold 10 Grams PKR / Nov 25

244,860.20

Petrol/Litre / Nov 26

248.38

Crude Oil USD/Barrel / Nov 26

69.17

Karachi Cotton PKR/37.32 KG / Nov 26

17,685

Gold Spot USD/Ounce / Nov 26

2,623.04

Diesel/Litre / Nov 26

255.14

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 26

786 Investments Limited(786)

6.86

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 26

Al-Abbas Sugar Mills Limited(AABS)

610

▼ 0.00 (0.00%)

Agro Allianz / Nov 26

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 26

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 26

Ali Asghar Textile Mills Limited(AATM)

74.39

▼ 0.00 (0.00%)

Allied Bank / Nov 26

Allied Bank Limited(ABL)

122.01

▼ 0.00 (0.00%)

Abbott Lab. / Nov 26

Abbott Laboratories (Pakistan) Limited(ABOT)

998.48

▼ 0.00 (0.00%)

Abson Ind. / Nov 26

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 26

Alfalah Consumer Index ETF.(ACIETF)

12.42

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 26

786 Investments Limited(786)

6.86

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 26

Al-Abbas Sugar Mills Limited(AABS)

610

▲ 0.00 (0.00%)

Agro Allianz / Nov 26

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 26

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 26

Ali Asghar Textile Mills Limited(AATM)

74.39

▲ 0.00 (0.00%)

Allied Bank / Nov 26

Allied Bank Limited(ABL)

122.01

▲ 0.00 (0.00%)

Abbott Lab. / Nov 26

Abbott Laboratories (Pakistan) Limited(ABOT)

998.48

▲ 0.00 (0.00%)

Abson Ind. / Nov 26

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 26

Alfalah Consumer Index ETF.(ACIETF)

12.42

▲ 0.00 (0.00%)

Stock Volume

Hascol Petrol / Nov 26

Hascol Petroleum Limited(HASCOL)

64,823,622

▲ 0.00

Cnergyico PK / Nov 26

Cnergyico PK Limited(CNERGY)

48,065,578

▲ 0.00

Fauji Foods Ltd / Nov 26

Fauji Foods Limited(FFL)

40,919,425

▲ 0.00

WorldCall Telecom / Nov 26

Worldcall Telecom Limited(WTL)

33,547,707

▲ 0.00

K-Electric Ltd. / Nov 26

K-Electric Limited(KEL)

32,092,012

▲ 0.00

Sui South Gas / Nov 26

Sui Southern Gas Company Limited(SSGC)

30,420,168

▲ 0.00

Treet Battery / Nov 26

Treet Battery Limited(TBL)

22,823,492

▲ 0.00

B.O.Punjab / Nov 26

The Bank of Punjab(BOP)

20,014,784

▲ 0.00

Waves Home Appliances / Nov 26

Waves Home Appliances Limited(WAVESAPP)

19,695,105

▲ 0.00

Markets →

Most Popular

Today

Yesterday

Past 3 Days

NJLI Sarmaya Growth Fund Rates

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

Gold price per tola falls Rs4,300 in Pakistan

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

Stabilisation without growth: ventilators are not for recovery

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

‘Misleading statement’: FTO orders investigation against FBR officials

Dealing with the solar power rush

PPRA refuses to relax rules for Nadra procurement

NJLI Sarmaya Growth Fund Rates

FBR seeks compulsory retirement regime to clear ‘dead wood’

Cars on the cards

Arrests made as PTI convoys en route to Islamabad for protest

SNGPL’s unaudited accounts for 3Q2023: Rs135.67bn GIDC recovery raises serious questions

Aleem apprised of challenges facing SEZs

Selling gas to third parties

Telenor, Orion Towers: CCP completes formalities of PTCL’s acquisition

Tax dept barred from demanding post-dated cheque, bank certificate

NJLI Sarmaya Growth Fund Rates

Cars on the cards

Telenor, Orion Towers: CCP completes formalities of PTCL’s acquisition

FBR seeks compulsory retirement regime to clear ‘dead wood’

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

Gold price per tola falls Rs4,300 in Pakistan

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

Stabilisation without growth: ventilators are not for recovery

Balochistan’s road infrastructure: Govt sets 3-year timeline for Rs400bn projects

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.83
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
Nasdaq / Nov 25	18,054.84
FTSE 100 / Nov 25	8,291.68
Dow Jones / Nov 25	44,736.57
Germany DAX 30 / Nov 25	19,405.20
France CAC40 / Nov 25	7,257.47
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Petrol/Litre / Nov 26	248.38
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Diesel/Litre / Nov 26	255.14

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

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

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