News Archives for Print - 2013-11-28

Print - 2013-11-28

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 Nov, 2013 12:00am

ICE cotton touches three-week peak as US storm threatens harvest

ICE cotton set a three-week high on Tuesday as a storm blew into US key growing regions, but a notice that much-anticipated reserve sales will begin this week in top consumer China pared gains. The most-active March cotton contract on ICE Futures US climb

Published 28 Nov, 2013 12:00am

Shanghai copper slips

The most-traded February copper contract on the Shanghai Futures Exchange slipped 0.22 percent to close at 50,660 yuan ($8,300) a tonne on Wednesday as markets lost direction ahead of the US Thanksgiving holiday, but prices were set for their biggest mon

Published 28 Nov, 2013 12:00am

Aluminium slides to lowest price in over four years

Aluminium slid to its lowest level in more than four years on Wednesday as speculators piled pressure on a market already weighed down by a global surplus. Three month aluminium touched a low of $1,748 a tonne, the weakest since July 2009, and closed down

Published 28 Nov, 2013 12:00am

US crude oil falls by nearly $2 on inventory build

US crude oil futures fell by nearly $2 on Wednesday as a higher-than-expected build in inventories weighed down prices, although Brent's losses were lessened by unrest in Libya. The 3 million-barrel build in crude stocks briefly lifted US crude, or West T

Published 28 Nov, 2013 12:00am

Palm oil higher

Malaysian palm oil futures ended higher on Wednesday as a weaker ringgit currency attracted bargain hunters, but trade was thin as most traders avoided risky bets ahead of an industry meet in Indonesia later this week. The benchmark February contract on t

Published 28 Nov, 2013 12:00am

Liffe robusta rises

Robusta coffee futures on Liffe rose on Wednesday for the second straight session to a six-week high, supported by heavy buying on the physical market by one major roaster, dealers said. Arabica coffee futures on ICE Futures US turned down a shade in thin

Published 28 Nov, 2013 12:00am

Gold falls in New York

Gold fell nearly 1 percent on Tuesday, retreating from a one-week high set earlier in the session, as encouraging US housing activity stirred fears the Federal Reserve will soon decide to reduce its bond-buying stimulus program. Bullion came under pressur

Published 28 Nov, 2013 12:00am

Gold steadies in Asia

Gold traded in a narrow range below $1,250 an ounce on Wednesday as strong US housing data stoked fears the Federal Reserve would soon begin rolling back stimulus measures and reduce bullion's appeal as a hedge against inflation. Spot gold had ticked up 0

Published 28 Nov, 2013 12:00am

Gold rises in Europe

Gold rose on Wednesday after the previous session's price drop but was still vulnerable to further losses because strong US data could fuel expectation that the Federal Reserve will soon scale back monetary stimulus. With Thursday's Thanksgiving holiday i

Published 28 Nov, 2013 12:00am

Tokyo rubber drops

Benchmark Tokyo rubber futures dropped to a two-week low on Wednesday as declines in the Nikkei share index and a slightly stronger yen encouraged investors to liquidate contracts to take profit, dealers said. The new benchmark rubber contract on the Toky

Published 28 Nov, 2013 12:00am

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

Published 28 Nov, 2013 12:00am

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

Published 28 Nov, 2013 12:00am

US MIDDAY: corn falls

US grains and soyabeans slipped on Tuesday, led by corn, as investors banked profits from recent gains. Chicago Board of Trade wheat and soyabeans have closed higher in three straight sessions, lifted by strong export prospects. Corn lost 1 percent as the

Published 28 Nov, 2013 12:00am

US MIDDAY: wheat rises

US wheat futures closed mostly higher on Wednesday due to rising demand from overseas buyers, traders said. Traders also noted some short-covering as investors squared up positions ahead of the US Thanksgiving Day holiday on Thursday. The futures market w

Published 28 Nov, 2013 12:00am

US MIDDAY: gold cuts gains

Gold was flat early on Wednesday, cutting initial gains as the dollar steadied after a series of US economic data supported expectations the Federal Reserve will soon scale back monetary stimulus. With the Thursday Thanksgiving holiday in the United State

Published 28 Nov, 2013 12:00am

Food security area of concern: former-agri secretary

Former Agricultural Secretary Captain Arif Nadeem (retd) said food security is the area of concern in the face of water scarcity, decreasing agricultural land and increasing population of the country. He was talking to University of Agriculture Faisalabad

Published 28 Nov, 2013 12:00am

PSEs not deducting WHT from fees paid to directors: TI Pakistan

Public Sector Enterprises (PSEs) are acting illegally by not deducting WHT from the fees paid to directors of the boards as well as attending committee meetings, which is against the IT Ordinance 2001, according to Transparency International Pakistan.

Published 28 Nov, 2013 12:00am

LG Amendment Ordinance promulgated

Sindh Governor Dr Ishratul Ibad Khan here on Wednesday promulgated the Sindh Local Government (second amendment) Ordinance 2013. A provincial government handout said the ordinance shall come into force at once.

Published 28 Nov, 2013 12:00am

Elahi acknowledges role of overseas Pakistanis

Pakistan Muslim League-Q senior leader Chaudhry Pervaiz Elahi has said that overseas Pakistanis are ambassadors of the country who are helping Pakistan by remitting forex in billions to the country. He was talking to a delegation of Pak-UAE Federation, le

Published 28 Nov, 2013 12:00am

Soybean oil import lower by $8.009 million in July-October

The country imported $31.488 million of soybean oil during July-October period of the current fiscal year, according to official figures. The country's soybean oil import is lower by $8.009 million or 20.28 percent during July-October period of this fisca

Published 28 Nov, 2013 12:00am

Chinese parliamentary team due today

A Chinese Parliamentary Delegation led by Madam Shen Yueyue, Vice Chairperson of the Standing Committee of the National People's Congress will arrive in Islamabad today (Thursday) on a three-day official visit to Pakistan. Deputy Speaker National Assembly

Published 28 Nov, 2013 12:00am

Halting drone strikes: US will take submission of memo seriously: Paracha

Spokesperson and Media Advisor to Chief Minister Khyber Pakhtunkhwa Shiraz Paracha has expressed the hope that America will take seriously the memorandum submitted to the US Consulate in Peshawar by the KP government against the drone strikes in Hangu; an

Published 28 Nov, 2013 12:00am

PTI, JI continue anti-Nato supply protest

Pakistan Tehrik-e-Insaf and its ally Jamaat-i-Islami continued their anti-Nato supply protest for the fourth consecutive day in various cities of Khyber Pakhtunkhwa. As the security has been beefed up in the protest areas, a PTI worker was arrested allege

Published 28 Nov, 2013 12:00am

Alhaj Muhammad Ashraf's death anniversary observed

The 30th death anniversary of Alhaj Chaudhry Muhammad Ashraf, former Senator from Sindh and founding father of the Ashraf Group of Industries, was observed here. He was father of Chaudhry Muhammad Zaka Ashraf, Chairman Ashraf Group of Industries, ex-presi

Published 28 Nov, 2013 12:00am

Politicians welcome appointment of new army chief

Politicians of the country welcomed appointment of new Chief of Army Staff Lieutenant-General Raheel Sharif, hoping he would do a good job in eliminating terrorism. Opposition Leader Khursheed Shah said that the new army chief would face many problems. "H

Published 28 Nov, 2013 12:00am

Nishat Mills Limited

The flagship company of the Nishat Group, NML is the largest vertically integrated textile manufacturer in the country, with a major portion of the company's earnings coming from exports.

Published 28 Nov, 2013 12:00am

Nishat Mills Limited

The flagship company of the Nishat Group, NML is the largest vertically integrated textile manufacturer in the country, with a major portion of the company's earnings coming from exports.

Published 28 Nov, 2013 12:00am

Drone strikes

Apropos A B Shahid's last op-ed 'Of US strategic allies', one needs to make it clear whether the US drone policy has found in Pakistan one of the key supporters of this modern tool of warfare. Was the state of Pakistan able to take out militants such as N

Published 28 Nov, 2013 12:00am

Partly Facetious: Has Dar emerged as most unpopular minister?

"What's up in the land of the pure?"

Published 28 Nov, 2013 12:00am

Surfing central banks in a benign 'QE trap'

The message is sinking in - economies of the rich world face super-easy money far into the future and central banks are now convinced it's the least of all policy evils. Despite rumblings of dissent about the financial bubbles and iniquities associated wi

Published 28 Nov, 2013 12:00am

Border barriers to supply chain

There are different types of barriers created by individual countries to gain advantage of choice. These barriers include technical standards safety, supporting sanitary and local content requirements and regulations that make importing into the country m

Published 28 Nov, 2013 12:00am

VIEWPOINT: Drone war: rage and reaction

Its opponents are after PTI for blocking Nato supply line until the US reneges on its drones policy causing indiscriminate killing of our citizens. If it continues, they warn, the superpower will be very angry and might want to punish us by withholding bi

Published 28 Nov, 2013 12:00am

Politics of sit-ins

Prima-facie, the PTI-sponsored sit-ins to block the Nato supply route through KPK over the last couple of days have not achieved what these were supposed to. It is not that sit-ins were defied and the Nato container-trucks crashed through them; a few truc

Published 28 Nov, 2013 12:00am

Misplaced initiative

Collector Customs (Preventive), Tariq Huda, has revealed that the Customs Department has proposed to the State Bank of Pakistan (SBP) to disallow Pakistani citizens from taking more than 3,000 dollars abroad or place a cap of 25,000 dollars per person per

Published 28 Nov, 2013 12:00am

Bangladesh tea prices fall

Tea prices in Bangladesh slipped for a second straight week at a weekly auction on Tuesday as demand from local buyers was poor amid political violence, brokers said. The average price of Bangladeshi tea was 200.04 taka ($2.74) per kg against 213.25 taka

Published 28 Nov, 2013 12:00am

Grams, Gur prices down on grain market

Grams and Gur prices were lower on the wholesale grain market on Wednesday in the process of modest trading, dealers said. On the cereals side, Guwar Sindh and Punjab both fell sharply by Rs 1000 to Rs 6500 and Rs 7000, Gur low type lost Rs 300 to Rs 5500

Published 28 Nov, 2013 12:00am

Indian sugar edges up on bargain buying

Indian sugar futures edged higher on Wednesday on bargain buying driven by a delay in cane crushing and hopes the government would take steps to arrest falling prices. Ample supplies and tepid demand from bulk consumers limited the upside.

Published 28 Nov, 2013 12:00am

China's October gold imports jump to 2nd highest

China's net gold imports from Hong Kong climbed to their second-highest on record in October, as the country bought more than 100 tonnes of gold for a sixth straight month to meet unprecedented demand. The imports - the biggest since an all-time high in M

Published 28 Nov, 2013 12:00am

EU wheat prices fall on Chicago setback

Wheat prices in western Europe fell on Tuesday, retreating from a five-month high set the previous day and tracking a similar setback in Chicago. The rise of the euro against the dollar, making European grains less competitive on world markets, was also w

Published 28 Nov, 2013 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 100,665 tonnes of cargo comprising 89,585 tonnes of import cargo and 11,080 tonnes of export cargo including 2,161 loaded and empty containers during the last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 89

Published 28 Nov, 2013 12:00am

Oil cake market rates

Rising trend was witnessed on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The December vaida closed at Rs 955.60 and it opened with rise of 30 paisa at Rs 955.90 in the morning session, they said. The Janua

Published 28 Nov, 2013 12:00am

Cotton market: dollar's likely surge induces mills to cover forward buying

Country's leading mills particularly Nishat Chunia Textile Mill indulged in panic buying, apparently, because of dollar's further gain versus the rupee, dealers said on the cotton market on Wednesday. The official spot rate was unchanged at Rs 6,350, they

Published 28 Nov, 2013 12:00am

England's oldest Test player Reg Simpson dies

The oldest surviving player to have played in an England Test match, Reg Simpson, has died at the age of 93, his former county Nottinghamshire announced on Wednesday. Simpson made 27 Test appearances for England, the highlight of which was an unbeaten 156

Published 28 Nov, 2013 12:00am

FIFA uphold Ukraine racism ban

FIFA on Wednesday said they had thrown out an appeal by Ukraine against a stadium ban imposed in the wake of racist incidents during their 2014 World Cup qualifying campaign. In a statement, global football's governing body said an appeal hearing upheld i

Published 28 Nov, 2013 12:00am

Asia, Oceania bid to merge World Cup slots

Asia and Oceania are in talks to share their World Cup qualifying slots to give teams more chance of reaching football's biggest stage, Asia's soccer chief said. Shaikh Salman bin Ebrahim Al Khalifa, president of the Asian Football Confederation (AFC), sa

Published 28 Nov, 2013 12:00am

Lehmann dismisses England peace talks

Australia coach Darren Lehmann has rejected the idea of a meeting with England counterpart Andy Flower to set some sledging ground rules ahead of the second Ashes Test in Adelaide. Flower told British media that the right balance needed to be found with o

Published 28 Nov, 2013 12:00am

England 'heartbroken' by Trott exit: Broad

England all-rounder Stuart Broad said on Wednesday that Jonathan Trott's shock departure from the Ashes tour was "heartbreaking", but pledged that the squad would rally round him. Trott left Australia after the England and Wales Cricket Board (ECB) reveal

Published 28 Nov, 2013 12:00am

AFC unveils Champions League makeover

Asia's football body unveiled a new-look Champions League Wednesday, with Middle East and East Asian teams kept apart until the semi-finals and India among a group of countries to gain a play-off spot. Australia were handed a second automatic spot for the

Published 28 Nov, 2013 12:00am

Chelsea qualify despite Basel defeat

Chelsea reached the Champions League knockout stage on Tuesday despite a 1-0 defeat by Basel in Group E after a late Mohamed Salah goal shocked the 2012 title winners with Jose Mourinho saying they deserved to lose. Barcelona, without Lionel Messi but alr

Published 28 Nov, 2013 12:00am

Pakistan clinch first series win against South Africa

Pakistan clinched their first series win against South Africa when they pulled off a thrilling one-run win in the second one-day international in Port Elizabeth on Wednesday. Hashim Amla (98) and AB de Villiers (74) took South Africa to the brink of victo

Published 28 Nov, 2013 12:00am

South Korean manufacturing outlook index down

An index measuring the South Korean manufacturers' assessment of business conditions for December fell from a 22-month high in November, central bank data showed on Wednesday, underlining the uneven nature of the economy's recovery. The Bank of Korea's ma

Published 28 Nov, 2013 12:00am

Independent Scotland would keep queen, dump nuclear deterrent

An independent Scotland would keep the pound and the British monarchy but establish its own defence force, First Minister Alex Salmond said Tuesday as he unveiled detailed proposals ahead of next year's referendum. Launching his regional government's long

Published 28 Nov, 2013 12:00am

UK service sector hiring at fastest in six years

British service sector firms are hiring new staff at the fastest rate in six years and are planning to ramp up investment as the country's economic recovery gathers momentum, a survey showed on Tuesday. In the three months to November, a balance of 41 per

Published 28 Nov, 2013 12:00am

Monte Paschi's board approves rights issue to raise up to $4 billion

Bailed-out Italian lender Monte dei Paschi di Siena is to go ahead with a rights issue of up to 3 billion euros ($4 billion), more than its market value, to avoid nationalisation. The cash call, 500 million euros higher than the amount the world's oldest

Published 28 Nov, 2013 12:00am

Croatia may see 3-4 percent annual growth 'in coming years'

Croatia's battered economy could grow annually by up to four percent in "the coming years" on the back of big public investment projects and EU funds, but it must also improve its poor image as a place to do business, its economy minister said.

Published 28 Nov, 2013 12:00am

Russia, UAE, Turkey and Brazil await decision on Expo 2020 host

Russia, the United Arab Emirates, Turkey and Brazil will Wednesday find out if their chosen cities have won the right to host the 2020 World Expo, an event which boosts tourism and business. The four nations will pull out all the stops in a high-pressure

Published 28 Nov, 2013 12:00am

Once giant FX Concepts' assets now just $2 million: court filings

FX Concepts, once the largest currency hedge fund in the world, has less than $2 million in assets now and $79 million in liabilities, according to the latest court filings on Monday. The fund filed for bankruptcy protection more than a month ago as its a

Published 28 Nov, 2013 12:00am

43rd Tokyo Motor Show bonanza in progress

The ingenuity and excellence and a vivid imagination of Japanese auto engineers was markedly visible at the 43rd Tokyo Motor Show bonanza, 5th largest in the world, now in progress (November 22 to December 1) at Tokyo Big Sight (TBS).

Published 28 Nov, 2013 12:00am

Landhi, Korangi areas: SSGC disconnects 900 illegal connections

SSGC's Task Force belonging to the Customer Relations Department disconnected more than 900 illegal gas connections on Wednesday in Landhi and Korangi areas. The owners of households were using gas illegally through rubber pipes. The quantum of gas used t

Published 28 Nov, 2013 12:00am

VP of EMEA Public Sector Microsoft visits Pakistan

As part of the Microsoft strategy, it has been partnering with the governments to help them identify their real-time needs and to leverage technology in a way to address today's pressing concerns. Current governments are facing unprecedented economic chal

Published 28 Nov, 2013 12:00am

Top Indian trader makes a pitch for trade in local currencies

President, Southern Gujarat Chamber of Commerce and Industry (SGCCI), Surat-India, Kamlesh Yagnik has emphasise that trade bodies of India and Pakistan should approach their respective governments, asking them to carry out trade between the two countries

Published 28 Nov, 2013 12:00am

Nato tanker torched in Khuzdar

Unknown miscreants attacked and torched a Nato oil tanker here on Wednesday and managed to escape. According to Levies sources, unidentified militants opened fire at Nato oil tanker, while it was on way from Karachi to Quetta near Baghbana. The tanker cau

Published 28 Nov, 2013 12:00am

Fleet Tanker: steel cutting ceremony held at KSEW

The steel cutting ceremony of the 17,000 tons fleet tanker, being built for Pakistan Navy, was held at Karachi Shipyard and Engineering Works on Wednesday. Rana Tanveer Hussain, Federal Minister for Defence Production, was the chief guest.

Published 28 Nov, 2013 12:00am

Private terminals, shipping companies: transporters' strike causes $10 million loss

Private grain and container terminals and shipping companies suffered about $10 million loss during a 10-day strike by goods' transporters that had also halted exports from the country, seaport sources said on Wednesday.

Published 28 Nov, 2013 12:00am

Favouritism, nepotism rein supreme at SMIU: retired officials rehired in violation of SC instructions

Favouritism and nepotism seem to be the only rules at Sindh Madressat-ul-Islam University (SMIU), where retired government officials have been rehired at crucial posts, flouting the clears instructions of Supreme Court of Pakistan. Sources inside SMIU sai

Published 28 Nov, 2013 12:00am

Huawei, LFP sign agreement

Huawei, the leading global Information and Communications Technology (ICT) solutions provider, announced its partnership with Liga De Fútbol Profesional (LFP) at an official signing ceremony held in Beijing. The sponsorship will provide another opportunit

Published 28 Nov, 2013 12:00am

TUV Austria awards Naurus with food safety certification

The TUV Austria Bureau of Inspection and Certification has awarded the Naurus (Pvt) Ltd, a leading beverage manufacturer and food processing company of Pakistan, with ISO 22000: 2005 Food Safety Management System Certification.

Published 28 Nov, 2013 12:00am

ITC-2013 to be held in Lahore

An International Textile & Clothing Conference (ITC) 2013 Pakistan would be held on December 9 in Lahore under the aegis of Punjab government and Punjab Board of Investment & Trade (PBIT). Prominent speakers from around the world and Pakistan would addres

Published 28 Nov, 2013 12:00am

First 100 days of government: Pildat launches assessment report

Ambassador of Denmark to Pakistan Jesper Moller Sorensen said on Wednesday that commercial section of the Danish Embassy will be inaugurated in next week. He said that there is a lot of potential of trade between Denmark and Pakistan. He was addressing la

Published 28 Nov, 2013 12:00am

Several Sunni parties reject ban on religious processions

Pakistan Sunni Tehrik (PST) and 30 other Sunni parties have rejected any ban on religious processions including Melad processions and said it was the government's responsibility to provide protection to those processions and maintain law and order in the

Published 28 Nov, 2013 12:00am

Indian market highly receptive: Naeem

Indian market is highly receptive to Pakistani textile merchandise, gems and jewellery, furniture, agro-based products and sugar industry by-products, therefore Pakistani businessmen should focus on these areas to enhance two-way trade between Pakistan an

Published 28 Nov, 2013 12:00am

Food Street: efforts on to open closed routes

Secretary to Chief Minister Punjab on Political Affairs Afzaal Bhatti has said that appropriate steps should be taken for opening the closed routes of Food Street Old Anarkali. Afzaal Bhatti, while talking to a six-member delegation of Anjuman-e-Tajiran F

Published 28 Nov, 2013 12:00am

Kayani inaugurates OPD, Emergency Blocks at CMH

Chief of Army Staff (COAS) General Ashfaq Parvez Kayani on Wednesday inaugurated the newly constructed state-of-the-art Outdoor Patient Department, Accident, Emergency and Diagnostics Blocks at Combined Military Hospital. The COAS appreciated all those in

Published 28 Nov, 2013 12:00am

Disconnecting gas supply: APTMA suggests out of box solution

S M Tanveer Chairman All Pakistan Textile Mills Association (APTMA) Punjab has suggested the government for an out of box solution instead of disconnecting gas supply to textile mills from December 2. Addressing at press conference on Wednesday, he said t

Published 28 Nov, 2013 12:00am

Punjab Rozegar Bank will be established: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that Pakistan Muslim League-N government is determined to solve the national issues and provide maximum relief to the masse. He said that the government is engaged in national reconstruction with new spirit an

Published 28 Nov, 2013 12:00am

For US stores it is ugly out there - in more ways than one

The 2013 holiday shopping season may end up being remembered for its ugly sweaters and, for many retailers, even uglier discounts. With growing online competition, weak consumer confidence and no fashion must-haves, most US retailers will have to offer bo

Published 28 Nov, 2013 12:00am

Libya budget crisis as oil revenues plunge 80 percent

Libyan oil revenues, which fund nearly all government spending, have plunged by 80 percent since protesters began blocking oil terminals in July, creating a budget crisis, the premier said Wednesday. "We are now facing an economic crisis" that could force

Published 28 Nov, 2013 12:00am

ECB would consider negative rates in extreme situation

The European Central Bank would only take its key deposit rate - currently at zero percent - into negative territory in an extreme situation, its vice president Vitor Constancio said on Wednesday.

Published 28 Nov, 2013 12:00am

Bitcoin rises above $1,000

The virtual currency bitcoin Wednesday broke above $1,000 per unit, quintupling in a month, according to Mt. Gox, which manages trading in bitcoin. Launched in 2009 as the invention of a mysterious computer guru who goes by the pseudonym Satoshi Nakamoto,

Published 28 Nov, 2013 12:00am

US jobs picture improving, manufacturing may be slowing

The number of Americans filing new claims for unemployment aid unexpectedly fell last week, but continued weakness in business spending on capital goods suggested slower economic growth in the fourth quarter. Initial claims for state jobless benefits fell

Published 28 Nov, 2013 12:00am

German consumer morale rises to six-year high

German consumer sentiment improved to its highest level in six years going into December, supporting the view that strong consumption will make up for weaker exports and help Europe's largest economy to post moderate growth this year. The GfK market resea

Published 28 Nov, 2013 12:00am

Greece to stay in recession in 2014, may need rescue: OECD

Greece will remain mired in recession in 2014 for a seventh straight year, and is likely to need more financial assistance, the OECD said on Wednesday, in contrast to forecasts by Athens. The Organisation for Economic Co-operation and Development said the

Published 28 Nov, 2013 12:00am

Consumers drive UK growth again in third quarter, business investment up

Britain's economic growth broadened a bit in the third quarter of 2013 as companies increased investment but growth was still driven by strong consumer spending, official data showed on Wednesday. As initially estimated, gross domestic product between Jul

Published 28 Nov, 2013 12:00am

IMF chief to pay first visit to Myanmar

IMF chief Christine Lagarde will next month pay her first visit to Myanmar as the once authoritarian government pursues reforms that have fuelled growth, the global lender said Tuesday. Lagarde will visit Myanmar's showcase capital Naypyidaw and its large

Published 28 Nov, 2013 12:00am

Peugeot boss gives up huge pension amid French fury

Philippe Varin, the CEO of loss-making, state-subsidised carmaker PSA Peugeot Citroen said Wednesday he would give up his 21-million-euro pension amid outrage from French unions and lawmakers. "I have decided to give up the current provisions of my pensio

Published 28 Nov, 2013 12:00am

Brokerages and railway firms lift China shares, buoy Hong Kong

China shares rallied early on Wednesday, supporting Hong Kong, as investors chased gains in non-banking financial and railway companies spurred by official comments that raised hopes for their future earnings.

Published 28 Nov, 2013 12:00am

Tokyo stocks down

Tokyo stocks closed down 0.42 percent Wednesday with investors locking in profits following recent highs. The benchmark Nikkei 225 index, which rose to a six-month high earlier in the week, lost 65.61 points to 15,449.63, while the Topix index of all firs

Published 28 Nov, 2013 12:00am

Wednesday's early trade: stocks edge higher

US stocks edged higher on Wednesday as a round of positive data boosted optimism about the pace of global growth and Hewlett-Packard rallied after announcing its results. Weekly jobless claims for unemployment benefits unexpectedly fell in the latest week

Published 28 Nov, 2013 12:00am

Nasdaq closes above 4,000 for first time in 13 years

The Nasdaq composite index closed above 4,000 on Tuesday for the first time since 2000, while the Dow and S&P ended barely changed. Retailers and homebuilders were among the best performing sectors, responding to stronger-than-expected earnings and robust

Published 28 Nov, 2013 12:00am

Australian shares fall

Australian shares fell 0.5 percent on Wednesday, weighed down by the resources sector after metals prices fell and with investors in a holding pattern as US markets head into the Thanksgiving holiday. The S&P/ASX 200 index lost 24.1 points to 5,332.9. The

Published 28 Nov, 2013 12:00am

Bond prices gain

US Treasuries prices held onto gains on Tuesday after the Treasury sold $35 billion in five-year notes to solid demand, the second of three sales of $96 billion in new coupon-bearing debt this week. The five-year notes sold at a high yield of 1.34 percent

Published 28 Nov, 2013 12:00am

Bond prices gain

Published 28 Nov, 2013 12:00am

UAE markets rise in last-minute bets on Dubai Expo 2020

United Arab Emirates stock markets rose on Wednesday on last-minute bets that Dubai would win the right to host the 2020 World Expo. Most other Gulf bourses also climbed, while Egypt extended losses to a nearly four-week low. Dubai's main index advanced 0

Published 28 Nov, 2013 12:00am

Indian shares end marginally lower

Indian shares edged down on Wednesday as software services exporters such as Infosys were hit by a strengthening rupee, while broader sentiment remained weak due to recent selling by foreign investors. Foreign funds were sellers of 3.39 billion rupees ($5

Published 28 Nov, 2013 12:00am

European shares rise on stronger US data, German deal

European shares staged their sharpest rise in two weeks on Wednesday, driven by strong US data, a long-awaited coalition deal in Germany and positive outlook comments from Italian insurer Generali. The pan-European FTSEurofirst 300 rose 0.6 percent, its b

Published 28 Nov, 2013 12:00am

Seoul shares slip

Seoul shares edged lower on Wednesday morning, poised to break a three-day winning streak, after a drop in US consumer sentiment raised concerns about holiday spending in South Korea's second-biggest export market. The Korea Composite Stock Price Index (K

Published 28 Nov, 2013 12:00am

SE Asian markets: Thai shares perk up after unexpected rate cut

Thai stocks rose on Wednesday as the central bank's unexpected rate cut boosted interest rate-sensitive property stocks such as Land & Houses while most Southeast Asian stock markets posted limited gains after a range-bound session. Thai SET index rose 1.

Published 28 Nov, 2013 12:00am

FTSE rises as Germany agrees governing coalition

Britain's benchmark equity index edged up on Wednesday, supported by a deal over a new German government that boosted appetite for more risk-sensitive stocks such as banks. German parties agreed a coalition deal two months after an election. While the dea

Published 28 Nov, 2013 12:00am

Commerce Group: BIEK announces HSC Part-I results

The Board of Intermediate Education Karachi (BIEK) on Wednesday announced the results of HSC Part-I Commerce Group Annual Examination 2013 for the private candidates. According to the statistics, 7,144 candidates appeared at the examination and of these 2

Published 28 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
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

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

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