News Archives for Print - 2009-11-22

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (November 21, 2009).

Published 22 Nov, 2009 12:00am

Horticultural products exports: exporters concerned about airfreight raise

Pakistan International Airline''s decision to increase charges would badly impede exports of horti products, particularly vegetable exports. It may face a severe financial impact, according to All Pakistan Vegetable and Fruit Exporters Association.

Published 22 Nov, 2009 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Saturday (November 21, 2009).

Published 22 Nov, 2009 12:00am

Horticultural products exports: exporters concerned about airfreight raise

Pakistan International Airline's decision to increase charges would badly impede exports of horti products, particularly vegetable exports. It may face a severe financial impact, according to All Pakistan Vegetable and Fruit Exporters Association.

Published 22 Nov, 2009 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (November 21, 2009).

Published 22 Nov, 2009 12:00am

Horticultural products exports: exporters concerned about airfreight raise

Pakistan International Airline's decision to increase charges would badly impede exports of horti products, particularly vegetable exports. It may face a severe financial impact, according to All Pakistan Vegetable and Fruit Exporters Association.

Published 22 Nov, 2009 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (November 21, 2009).

Published 22 Nov, 2009 12:00am

China coal mine explosion: 47 dead, 67 trapped

The death toll following a gas explosion at a coal mine in north-eastern China that killed 47 workers and left 67 miners trapped underground on Saturday was expected to rise, local media reported.The explosion occurred at 2:30 am in the Xinxing mine in He

Published 22 Nov, 2009 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (November 21, 2009).

Published 22 Nov, 2009 12:00am

China coal mine explosion: 47 dead, 67 trapped

The death toll following a gas explosion at a coal mine in north-eastern China that killed 47 workers and left 67 miners trapped underground on Saturday was expected to rise, local media reported.The explosion occurred at 2:30 am in the Xinxing mine in He

Published 22 Nov, 2009 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (November 21, 2009).

Published 22 Nov, 2009 12:00am

Four pilgrims die of swine flu before Hajj

Swine flu has killed four pilgrims in Saudi Arabia for the annual Hajj pilgrimage, the health ministry said in a statement carried by the official SPA news agency on Saturday. It was the first reported news of fatalities from the disease among pilgrims ga

Published 22 Nov, 2009 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (November 21, 2009).

Published 22 Nov, 2009 12:00am

Four pilgrims die of swine flu before Hajj

Swine flu has killed four pilgrims in Saudi Arabia for the annual Hajj pilgrimage, the health ministry said in a statement carried by the official SPA news agency on Saturday. It was the first reported news of fatalities from the disease among pilgrims ga

Published 22 Nov, 2009 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 22 Nov, 2009 12:00am

Foreign debt, liabilities touch new peak

The country''s external debts and liabilities have posted a raise of some three billion dollars to a new peak of 55.2 billion dollars by end of September 2009 mainly due to International Monetary Fund''s (IMF) standby loan package to avert balance of paym

Published 22 Nov, 2009 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 22 Nov, 2009 12:00am

Foreign debt, liabilities touch new peak

The country's external debts and liabilities have posted a raise of some three billion dollars to a new peak of 55.2 billion dollars by end of September 2009 mainly due to International Monetary Fund's (IMF) standby loan package to avert balance of paymen

Published 22 Nov, 2009 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (November 21, 2009).

Published 22 Nov, 2009 12:00am

Foreign debt, liabilities touch new peak

The country's external debts and liabilities have posted a raise of some three billion dollars to a new peak of 55.2 billion dollars by end of September 2009 mainly due to International Monetary Fund's (IMF) standby loan package to avert balance of paymen

Published 22 Nov, 2009 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 22 Nov, 2009 12:00am

World Bank technical aid for Thar coal: Sindh appoints Piet as Energy Advisor

The Sindh government has appointed Faling, Pieter Adriaan (Piet) as the International Energy Advisor under World Bank''s Thar Coal and Power Technical Assistance Project to promote the vast coal reserves of district Tharparkar, Business Recorder le

Published 22 Nov, 2009 12:00am

Indonesia sees higher wheat flour consumption in 2010

Indonesia's consumption of wheat flour is expected to rise 6 percent to 4.028 million tonnes in 2010, from an estimated 3.8 million tonnes in 2009, an industry official said on Friday. "Consumer demand will pick up in line with economic growth. Demand fro

Published 22 Nov, 2009 12:00am

World Bank technical aid for Thar coal: Sindh appoints Piet as Energy Advisor

The Sindh government has appointed Faling, Pieter Adriaan (Piet) as the International Energy Advisor under World Bank's Thar Coal and Power Technical Assistance Project to promote the vast coal reserves of district Tharparkar, Business Recorder lea

Published 22 Nov, 2009 12:00am

Oil cake market rates

Prices were up on the forward cottonseed oilcake market on Saturday amid strong demand, dealers said. The December vaida which closed at 913.50 opened with a gain of 20 paisa at Rs 913.70, and the January contract which ended at Rs 956.20 opened with slig

Published 22 Nov, 2009 12:00am

World Bank technical aid for Thar coal: Sindh appoints Piet as Energy Advisor

The Sindh government has appointed Faling, Pieter Adriaan (Piet) as the International Energy Advisor under World Bank's Thar Coal and Power Technical Assistance Project to promote the vast coal reserves of district Tharparkar, Business Recorder lea

Published 22 Nov, 2009 12:00am

Slow business seen on cotton market ahead of Eid-ul-Azha holidays

Trading activity slowed down on cotton market on Saturday ahead of the Eid-ul-Azha holidays, dealers said. The official spot rate was unchanged at Rs 4100, brokers said. In the ready business nearly 22,000 bales of cotton changed hands between Rs 4050-420

Published 22 Nov, 2009 12:00am

Over 225 bureaucrats benefited

Over 225 bureaucrats and government servants benefited from the National Reconciliation Ordinance (NRO). According to the list released by the federal government on Saturday.

Published 22 Nov, 2009 12:00am

Ceylon raw rubber higher on Jodia Bazar

The trading in Ceylon raw rubber closed higher on Jodia Bazar here on Saturday. The following changes were noted.

Published 22 Nov, 2009 12:00am

Over 225 bureaucrats benefited

Over 225 bureaucrats and government servants benefited from the National Reconciliation Ordinance (NRO). According to the list released by the federal government on Saturday.

Published 22 Nov, 2009 12:00am

Prices move up due to short supply on seed, grain market

Rising trend was seen on the wholesale grain and seed markets on Saturday as supply position was tight due to transportation problem as truck owners were busy in delivering sacrificial animals from one province to another, dealers said. On the cereal side

Published 22 Nov, 2009 12:00am

Over 3230 cases withdrawn against political leaders under NRO: Altaf tops the list with 72 cases

Over 3230 criminal cases against political leaders have been withdrawn through National Reconciliation Ordinance (NRO) and Muttahida Qaumi Movement (MQM) Quaid Altaf Hussain tops the list with 72 cases. Of the total cases, 993 were in East Zone, 2126 West

Published 22 Nov, 2009 12:00am

South Africa lowers sugar output forecast

South Africa has lowered its forecast for the 2009/10 season's sugarcane output based on information received from farmers, the South African Sugar Association (SASA) said on Friday. Saleable sugar production is now forecast at 2.26 million tonnes, down f

Published 22 Nov, 2009 12:00am

Over 3230 cases withdrawn against political leaders under NRO: Altaf tops the list with 72 cases

Over 3230 criminal cases against political leaders have been withdrawn through National Reconciliation Ordinance (NRO) and Muttahida Qaumi Movement (MQM) Quaid Altaf Hussain tops the list with 72 cases. Of the total cases, 993 were in East Zone, 2126 West

Published 22 Nov, 2009 12:00am

Canadian canola futures close higher

ICE Canada canola futures closed higher on Friday on support from the weaker Canadian dollar and modest buying by funds, traders said. Canola rose 4.1 percent during the first week of bearish import restrictions in China, possibly reflecting optimism of a

Published 22 Nov, 2009 12:00am

We are ready to face cases: Dr Farooq

Deputy Convenor, Muttahida Qaumi Movement (MQM) Rabita Committee, Dr Farooq Sattar on Saturday said that no leader or activist of his party is involved in a single case of corruption. Addressing a press conference at Khursheed Begum Memorial Hall, Azizaba

Published 22 Nov, 2009 12:00am

Indonesian coal prices up

Indonesian coal prices rose this week on stronger demand as winter took a grip in key Asian markets and with supply expected to slow in coming weeks due to higher rainfall in coal-producing areas, traders said. Thermal coal prices on the globalCOAL Newcas

Published 22 Nov, 2009 12:00am

We are ready to face cases: Dr Farooq

Deputy Convenor, Muttahida Qaumi Movement (MQM) Rabita Committee, Dr Farooq Sattar on Saturday said that no leader or activist of his party is involved in a single case of corruption. Addressing a press conference at Khursheed Begum Memorial Hall, Azizaba

Published 22 Nov, 2009 12:00am

US wheat futures fall

US wheat futures fell on Friday as a strong dollar made US supplies of wheat relatively more expensive to overseas buyers, traders said. Forecasts for good weather in the US Plains also weighed amid concerns about building up already considerable global s

Published 22 Nov, 2009 12:00am

The List Unveiled

The federal government on Saturday unveiled the list of 8041 persons, including President Asif Ali Zardari, sitting and former ministers, ambassadors, politicians and bureaucrats, who benefited from the National Reconciliation Ordinance (NRO).

Published 22 Nov, 2009 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 112,095 tonnes of cargo including 70,739 tonnes import and 41,356 tonnes export cargo including 3,943 empty and loaded containers during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 82,861 tonnes dry carg

Published 22 Nov, 2009 12:00am

The List Unveiled

The federal government on Saturday unveiled the list of 8041 persons, including President Asif Ali Zardari, sitting and former ministers, ambassadors, politicians and bureaucrats, who benefited from the National Reconciliation Ordinance (NRO).

Published 22 Nov, 2009 12:00am

India plans to sell rice reserves in local markets

India, the world's second biggest rice grower, plans to sell the grain in local markets from reserves to douse fears of shortage caused by the worst monsoon in three decades, Farm Minister Sharad Pawar said on Saturday.

Published 22 Nov, 2009 12:00am

New York cocoa bounds to end up

US cocoa futures jumped to close up 3 percent Friday, following the London market higher on chart-based buying in relatively light dealings, while the market ignored harvest pressure and the weak pound, dealer said. The benchmark March cocoa contract soar

Published 22 Nov, 2009 12:00am

US copper rises

US copper futures closed higher on Friday, maintaining momentum near this week's 14-month high, with supportive supply-side issues in Chile, the world's biggest supplier, off-setting the bearish impact of a stronger dollar. Copper for December delivery ro

Published 22 Nov, 2009 12:00am

US gold up

US gold futures ended higher for a sixth straight session on Friday despite a dollar rise, and a late session rally in the face of a stronger dollar could boost sentiment early next week, traders said. COMEX December gold settles up $4.90 at $1,146.80 an

Published 22 Nov, 2009 12:00am

Gold set to hit new highs

Gold is poised to hit new highs this year and next after rising to record levels in November as investors looking for an inflation hedge pile into the metal, Baring Asset Management told Reuters on Thursday. Andrew Cole, manager of the Baring Multi Asset

Published 22 Nov, 2009 12:00am

Soybean futures rise

US soybean futures rose on Friday amid persistent strong buying demand from China, overcoming the bearish effects of a rallying dollar and weakness in the crude oil market, traders said. Concerns about crop development in South America also has helped sup

Published 22 Nov, 2009 12:00am

China releases more cotton reserves, but prices up

China, the world's top importer and consumer of cotton, has released another 500,000 tonnes of cotton from state reserves to help ease tight supply for textile mills amid delays to the domestic harvest. The additional release, on top of 2.12 million tonne

Published 22 Nov, 2009 12:00am

New York coffee weaker

Arabica coffee trickled to a weak settlement Friday, moving quietly on selling pressure from the firm dollar, traders said. Arabica coffee futures for benchmark March delivery eased 1.30 cents to close at $1.3575 per lb. The session range was from $1.3485

Published 22 Nov, 2009 12:00am

New York sugar lower

Raw sugar futures closed lower Friday on investor sales sparked in part by a firm dollar as the trade mulled if follow-through sales would depress the sweetener going into next week, brokers said. The March raw sugar contract retreated 0.27 cent to finish

Published 22 Nov, 2009 12:00am

Asian rubber: China shuns Indonesian grade

Some Chinese buyers have turned their backs on Indonesian rubber after prices surged more than 10 percent in the past month on tight supplies and gains in Tokyo futures, dealers said on Wednesday. But purchases from Europe and the United States could fill

Published 22 Nov, 2009 12:00am

US rice easier

US rice futures closed lower on Friday as a strong dollar hurt prospects for US supplies on the export market. CBOT January down 11 cents at $15.17 per hundredweight. Japan purchased 61,000 tonnes of rice through a regular tender, including 39,000 tonnes

Published 22 Nov, 2009 12:00am

Vietnam rice prices hit year high

Vietnamese rice prices touched their highest level of the year this week on the back of scant supply at the end of the harvest and strong export demand, traders said. "Loading demand, especially for deliveries to the Philippines, will only strengthen betw

Published 22 Nov, 2009 12:00am

Gold rockets to record high

Gold prices scaled historic heights above 1,150 dollars per ounce this week, buoyed by the weak greenback and recent central bank purchases of the precious metal, analysts said. Traders said the dollar's overall weak tone was due to the prospect of US int

Published 22 Nov, 2009 12:00am

Jeweller Damiani sees signs of recovery, first half net jumps

Italian jeweller Damiani has seen the first signs of recovery in demand and is confident looking ahead to the Christmas period, its chief executive said in a statement as the group reported a jump in interim profits. The company, which promotes its jewell

Published 22 Nov, 2009 12:00am

General Electric, Vivendi make progress on NBC Universal

General Electric and Vivendi are moving closer to a deal on NBC Universal, with Vivendi agreeing to accept payment for just one-third of its stake until a related deal with Comcast closes, according to a source familiar with the situation. Talks between V

Published 22 Nov, 2009 12:00am

Emaar sees merger technical talks done in month

Dubai's largest listed real estate firm Emaar Properties expects "technical talks" for its planned merger with state owned developers to be concluded within a month, its chairman said in remarks aired on Saturday. The new firm will announce new projects a

Published 22 Nov, 2009 12:00am

Michellin chief announces new factory in Brazil

French tyre maker Michellin will build a new factory in Brazil at a cost of hundreds of millions of dollars, the company's chief executive Michel Rollier told a newspaper Saturday. The tyre factory will be in Resende, close to Rio de Janeiro, and will sta

Published 22 Nov, 2009 12:00am

Honda tops again in efficiency on US roads

Japan's Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the US government projections for 2009 showed on Friday. South Korea's Hyundai-Kia and Toyota Motor Corp, also based in Japan, followed c

Published 22 Nov, 2009 12:00am

Rio costs up, output down in new Cameroon power deal

Rio Tinto's aluminium operation in Cameroon has secured a 30-year power supply contract with the government but electricity costs have doubled and output from a smelter will fall due to cuts in power consumption, Rio said. Rio Tinto Alcan is a partner wit

Published 22 Nov, 2009 12:00am

Vodafone seeks more time to reply to Indian tax claim

British mobile phone giant Vodafone Group Plc has sought an extra two months to reply to a two-billion-dollar Indian tax claim over its purchase of India's third-largest mobile operator. Vodafone had been told late last month to explain by November 16 the

Published 22 Nov, 2009 12:00am

Vodafone seeks more time to reply to Indian tax claim

British mobile phone giant Vodafone Group Plc has sought an extra two months to reply to a two-billion-dollar Indian tax claim over its purchase of India's third-largest mobile operator. Vodafone had been told late last month to explain by November 16 the

Published 22 Nov, 2009 12:00am

Pfizer to pay $6.3 million to patient in Prempro lawsuit

A Philadelphia jury on Friday ordered pharmaceutical giant Pfizer to pay $6.3 million in compensatory damages to an Illinois breast cancer survivor after finding menopause drugs Premarin, Provera and Prempro caused the disease. The panel also found that p

Published 22 Nov, 2009 12:00am

Mexico pulls out of deep recession in third quarter

Mexico marked the end of one of the world's deepest recessions in the third quarter, growing for the first time in a year due to stronger demand in the United States for exports like cars and steel. Total economic output rose 2.9 percent during the July-S

Published 22 Nov, 2009 12:00am

Small Florida bank fails, brings year tally to 124

The tally of US bank failures reached 124 so far this year as regulators seized a small Florida bank on Friday. The Federal Deposit Insurance Corp said Commerce Bank of Southwest Florida, based in Fort Myers, Florida, was closed and that Central Bank of S

Published 22 Nov, 2009 12:00am

Ultra-Orthodox Jews protest at Intel Israel plant

Hundreds of ultra-Orthodox Jews demonstrated on Saturday at Intel Corp's new electronic chip plant in Israel, in protest against work taking place at the site on the Jewish Sabbath. Policemen dispersed the crowd and arrested several protesters for violent

Published 22 Nov, 2009 12:00am

EU criticises financial pledges to General Motors Europe: report

EU Industry Commissioner Guenter Verheugen has criticised informal financial pledges to General Motors by countries vying to save jobs at factories belonging to the automaker's European unit. "I understand that some countries have already made informal pr

Published 22 Nov, 2009 12:00am

Thousands of Spanish farmers protest over low prices

Thousands of Spanish farmers thronged central Madrid on Saturday to demand government action to halt a slide in prices which they say is forcing them out of business. Three leading Spanish farmers' unions said 100,000 members joined the march led by tract

Published 22 Nov, 2009 12:00am

Putin announces more aid as Russia exits crisis

Vladimir Putin pledged on Saturday to widen Russia's anti-crisis aid package with a car scrappage scheme and mortgage support to jolt the economy out of the worst recession in 15 years. Putin, who now serves as Russia's prime minister after eight years as

Published 22 Nov, 2009 12:00am

Myanmar, Laos sign travel and tax treaties

Myanmar and Laos strengthened relations with the signing of visa-exemption treaty for their respective citizens and a double-taxation avoidance agreement, state media reported Saturday. The two agreements were signed Friday in the military's capital of Na

Published 22 Nov, 2009 12:00am

IFC invests $100 million in Africa's Ecobank

The International Finance Corporation (IFC) has invested $100 million in Ecobank Transnational Inc (ETI), the bank said, making the IFC one of the largest shareholders in the pan-African bank. The investment stems from a $100 million convertible loan the

Published 22 Nov, 2009 12:00am

Dubai reshuffles board of state investment unit

The ruler of Dubai has reshuffled the board of the Investment Corporation of Dubai, the state conglomerate that owns Emirates airlines, naming two of his sons as directors, a decree posted on his website showed. The new six-member board also included Emir

Published 22 Nov, 2009 12:00am

Opec's Badri calls for Copenhagen compensation

Poorer oil-producing countries should be compensated for lost revenues if climate talks in Copenhagen agree to cut the use of oil, Opec Secretary-General Abdallah al-Badri was quoted as saying in the Times on Saturday. The Kyoto Protocol, the precursor to

Published 22 Nov, 2009 12:00am

Hershey mulls $17 billion solo bid for Cadbury

US chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday. Hershey has lined up deal f

Published 22 Nov, 2009 12:00am

Obama touts Asia trade to create jobs

US President Barack Obama, back from a tour of Asia, called Saturday for the United States to produce more goods to sell across the Pacific, touting trade as a way to revive the troubled US economy. Facing rising unemployment and slipping poll numbers, Ob

Published 22 Nov, 2009 12:00am

Iranian refinery to issue bonds about $250 million

Iran's largest refinery will start issuing bonds on Sunday worth a total of 2.5 trillion rials (about $250 million) to help finance expansion of gasoline production, state broadcaster IRIB reported on Saturday. Iran is the world's fifth-largest crude expo

Published 22 Nov, 2009 12:00am

JAL to propose pension payout cut by 40 percent

Struggling carrier Japan Airlines Corp (JAL) plans to propose cutting pension payments to its employees and retirees by an average of roughly 40 percent, a Japanese newspaper said on Saturday. JAL President Haruka Nishimatsu will present the proposal at a

Published 22 Nov, 2009 12:00am

Obama's job approval rating drops under 50 percent

President Barack Obama's job approval rating has dropped below 50 percent in a second major poll in an indication he is suffering from the long healthcare debate and weakness in the economy, Gallup said on Friday. Gallup said 49 percent of Americans appro

Published 22 Nov, 2009 12:00am

Emerging Markets: LatAm assets little changed in cautious trade

Latin American assets were little changed on Friday on investor concern about the sustainability of the recent rally. Trading also slowed down as a holiday in Brazil's financial center closed the stock and commodity exchanges in Sao Paulo. The MSCI stock

Published 22 Nov, 2009 12:00am

Emerging Markets: LatAm assets little changed in cautious trade

Latin American assets were little changed on Friday on investor concern about the sustainability of the recent rally. Trading also slowed down as a holiday in Brazil's financial center closed the stock and commodity exchanges in Sao Paulo. The MSCI stock

Published 22 Nov, 2009 12:00am

Chinese bond yields down

Chinese bond yields mostly fell on Friday on talk that the central bank may soon step up window guidance to curb lending to corporations, but bill yields were mixed while repo rates rose for a second day in a row. Traders bought bonds on speculation that

Published 22 Nov, 2009 12:00am

Chinese bond yields down

Chinese bond yields mostly fell on Friday on talk that the central bank may soon step up window guidance to curb lending to corporations, but bill yields were mixed while repo rates rose for a second day in a row. Traders bought bonds on speculation that

Published 22 Nov, 2009 12:00am

Chilean stocks higher

Chile's stocks shot up in late trading on a brighter market outlook while, peso ended slightly weaker on Friday, recovering from earlier steep losses as traders sold US dollars to lock in profits On stocks. Chile's blue chip IPSA share index pared early l

Published 22 Nov, 2009 12:00am

US corporate bond spreads widen

US corporate bond spreads were unchanged to wider on Friday as heavy issuance gave the market a soft tone and investors showed reluctance to add to holdings this close to year end, traders said. Corporate bond supply year to date has already matched the r

Published 22 Nov, 2009 12:00am

US corporate bond spreads widen

US corporate bond spreads were unchanged to wider on Friday as heavy issuance gave the market a soft tone and investors showed reluctance to add to holdings this close to year end, traders said. Corporate bond supply year to date has already matched the r

Published 22 Nov, 2009 12:00am

US Treasury Outlook: prices may rise if auctions fare well

US Treasury debt prices could rise next week if another round of government debt auctions are met with solid investor demand. The Treasury will auction $118 billion of two-year, five-year and seven-year notes in another key test of investor appetite for t

Published 22 Nov, 2009 12:00am

US Treasury Outlook: prices may rise if auctions fare well

US Treasury debt prices could rise next week if another round of government debt auctions are met with solid investor demand. The Treasury will auction $118 billion of two-year, five-year and seven-year notes in another key test of investor appetite for t

Published 22 Nov, 2009 12:00am

Treasuries retreat

Most US Treasuries prices retreated on Friday as traders cut prices ahead of supply in the coming week, but demand for short-term debt before the year's end pushed those yields to 11-month lows. The Treasury will sell $118 billion in two-, five- and seven

Published 22 Nov, 2009 12:00am

Treasuries retreat

Most US Treasuries prices retreated on Friday as traders cut prices ahead of supply in the coming week, but demand for short-term debt before the year's end pushed those yields to 11-month lows. The Treasury will sell $118 billion in two-, five- and seven

Published 22 Nov, 2009 12:00am

Korean bonds rebound

South Korean government bonds reversed earlier losses on Friday, underpinned by the government's plan to promote short-selling which could trigger more foreign buying of local debt. A top financial regulator said on Friday that the authorities would take

Published 22 Nov, 2009 12:00am

Korean bonds rebound

South Korean government bonds reversed earlier losses on Friday, underpinned by the government's plan to promote short-selling which could trigger more foreign buying of local debt. A top financial regulator said on Friday that the authorities would take

Published 22 Nov, 2009 12:00am

Mexican stocks slip

Mexican stocks fell on Friday as investors around the world cut exposure to risky assets and high-yield currencies amid worries about the strength of the global economic recovery. The IPC stock index closed down 0.49 percent at 30,666.51 while the peso sl

Published 22 Nov, 2009 12:00am

Canadian stocks drop

Toronto's main stock index fell on Friday as weaker oil prices, caused partly by a stronger US dollar, weighed on resource issues, including Suncor Energy Inc Suncor dropped 0.5 percent to C$38.07, while Canadian Natural Resources fell 0.7 percent to C$70

Published 22 Nov, 2009 12:00am

India bond yields hit six-week low

Indian federal bond yields fell to six-week lows on Friday on strong demand at a 100 billion rupee ($2.1 billion) auction and data showing sluggish loan growth, which could see banks park more surplus funds in debt. The yield on the 10-year benchmark bond

Published 22 Nov, 2009 12:00am

India bond yields hit six-week low

Indian federal bond yields fell to six-week lows on Friday on strong demand at a 100 billion rupee ($2.1 billion) auction and data showing sluggish loan growth, which could see banks park more surplus funds in debt. The yield on the 10-year benchmark bond

Published 22 Nov, 2009 12:00am

Philippines yields dip

Philippine local bond yields slipped on Friday as dealers continued to price in expectation of a prolonged rate pause by the central bank and ample cash conditions in the banking system. Yields across the curve fell by 2-3 basis points with short-bonds ra

Published 22 Nov, 2009 12:00am

Philippines yields dip

Philippine local bond yields slipped on Friday as dealers continued to price in expectation of a prolonged rate pause by the central bank and ample cash conditions in the banking system. Yields across the curve fell by 2-3 basis points with short-bonds ra

Published 22 Nov, 2009 12:00am

Wall Street declines

US stocks fell for a third straight day on Friday as investors took weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton as a further sign that the recovery would be anemic. Following the S&P 500's gain of more than 60 percent

Published 22 Nov, 2009 12:00am

IMM speculators increase short bets on US dollar

Currency speculators slightly increased bets against the US dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position rose to $15.85 billion in the week ending Novemb

Published 22 Nov, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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