Business Recorder

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General News: Pakistan

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At least 13 persons were killed and 30 others injured in a car bomb blast on Arbab Karam Khan road in the provincial capital on Friday night. Police told APP that unknown armed men had planted explosive material near the house of Shafiq Mengal, the son of ex-state minister Mir Nasir Mengal. The blast caused death of at least 13 people and injuries of 30 others.

Indian police personnel arrested senior APHC leader and President of Jammu and Kashmir Democratic Freedom Party (DFP), Shabbir Ahmed Shah at Pulwama in occupied Kashmir. Shabbir Ahmad Shah was on way to Shopian to address a public meeting after Friday prayers when a heavy contingent of police stopped his vehicle and took him along with another Hurriyet leader Mukhtar Ahmad Sofi into custody at Neaw Khanda in Pulwama, KMS reported.
The Annual Efficiency Competition Parade and awards ceremony of Pakistan Navy for the year 2011 was held at PN Dockyard on Friday. An ISPR (Navy) press release issued here said that Chief of the Naval Staff, Admiral Mohammad Asif Sandila, was the chief guest on the occasion.
The Parliamentary Committee on National Security on Friday decided to summon Director General ISI Ahmed Shuja Pasha, Former Ambassador to the US Husain Haqqani and US businessmen Mansoor Ijaz to probe the Memogate scandal. The Parliamentary Committee, which met here under the chair of Senator Mian Raza Rabbani, discussed Memogate scandal and formulation of new rules of business in the aftermath of Nato air strike on Pakistani posts in Mohmand Agency.
Prime Minister Yousaf Raza Gilani has said that judiciary "is independent", and the government fully respects its orders, decisions and judgements, according to official documents exclusively made available to Business Recorder.
President Asif Ali Zardari on Friday advised the provincial government of Sindh to carry out audit of the machinery and pumps belonging to different departments that were recently employed for de-watering and also to make a complete inventory of the equipment for ready use in the future.
Prime Minister Syed Yousuf Raza Gilani on Friday said the government would start a comprehensive programme soon to impart technical training to the unemployed youth so that they could get respectable jobs.

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Banking Review 2011


The Wall

ArrowEuro 1.3158
ArrowSterling 1.5815
ArrowSwiss Franc 0.9182
ArrowYen 76.6015
ArrowGold 1740.300
ArrowCotton 96.340
ArrowOil 97.840
Index Closing Chg%
Arrow DJIA 12,862.20 1.23
Arrow Nasdaq 2,905.66 1.61
Arrow S&P 1,344.90 1.46
Arrow FTSE 5,901.07 1.81
Arrow DAX 6,766.67 1.67
Arrow CAC-40 3,427.92 1.52
Arrow Nikkei 8,831.93 0.51
Arrow H.Seng 20,757.00 0.08
Arrow Sensex 17,605.00 0.99

The Rupee

Interbank closing rates for dollar on Saturday.
BuyingRs 90.40
SellingRs 90.45
Rates keep coming down

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyDecember
Trade Balance $-2.41 bln
Exports $1.85 bln
Imports $1.26 bln
WeeklyJanuary 26, 2012
Reserves $16.802 bln
ArrowBRIndex-30 9,104.17
ArrowKSE-30 Index 11,258.08
ArrowKSE-100 Index 11,982.62
ArrowLSE-25 Index 3,122.96
ArrowISE-10 Index 2,627.71
ArrowGold Per 10gm 50,914.00
ArrowKCA Spot Rate 5,700.00
ArrowLibor Rate 0.76850

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