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Archive - 2011-10-04
US condemns deadly bombing in Mogadishu
Top News

US condemns deadly bombing in Mogadishu

WASHINGTON : The United States condemned a bombing by Somali rebels that killed more than 70 people in Somalia 's c
Published 04 Oct, 2011 09:46pm
Punjab to invest in six new dams
Top News

Punjab to invest in six new dams

LAHORE: The construction of six new dams will be started soon in Punajb, in this regard locations have been finalised to
Published 04 Oct, 2011 08:00pm
LSE index gains 86.50 points
Markets

LSE index gains 86.50 points

LAHORE: Lahore Stock Exchange (LSE) gained 86.50 points on Tuesday, as LSE-25 index opened with 3083.73 and closed at 31
Published 04 Oct, 2011 02:58pm
NATO oil tanker torched near Bolan
Top News

NATO oil tanker torched near Bolan

QUETTA : Unknown armed men on Tuesday torched an oil tanker near Bolan area of Balochistan, Levis said. Levis forc
Published 04 Oct, 2011 12:46pm
Gold improves to Rs48,171 per 10 grams
Top News

Gold improves to Rs48,171 per 10 grams

KARACHI: Gold surged by Rs343 to Rs48,171 per 10 grams in the local market Tuesday, as its international price improve
Published 04 Oct, 2011 12:00pm
Afghan President leaves for India
Asia

Afghan President leaves for India

KABUL: Afghan President Hamid Karzai at the head of high ranking delegation left for Indian capital New Delhi on Tuesday
Published 04 Oct, 2011 08:14am
HK shares close down 3.4pc
Financial

HK shares close down 3.4pc

HONG KONG : Hong Kong shares tumbled for a third straight session on Tuesday, as weakness in mainland oil producers an
Published 04 Oct, 2011 08:12am
Poultry price falls
Markets

Poultry price falls

KARACHI: The price of broiler chicken meat has declined by Rs26 per kg on after fall in the demand hit the local market,
Published 04 Oct, 2011 07:12am
Gold price regains
Markets

Gold price regains

KARACHI: The gold price on Monday regained by Rs700 per tola to Rs55, 800 on the local market after global value of the
Published 04 Oct, 2011 07:08am
SBP to buy govt paper
Top News

SBP to buy govt paper

KARACHI : State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Tuesday in three-day
Published 04 Oct, 2011 06:58am
Persons with disabilities: STEP holds moot in collaboration with Telenor

Persons with disabilities: STEP holds moot in collaboration with Telenor

Special Talent Exchange Programme (STEP) organised a three-day conference in collaboration with Telenor in order to provide recommendations to the government that help devise a formal strategy for implementation of UN Convention on the Rights of Persons w
Published 04 Oct, 2011 12:00am
PPL employees: Zardari distributes BESOS certificates

PPL employees: Zardari distributes BESOS certificates

President Asif Ali Zardari distributed unit certificates among 15 employees of Pakistan Petroleum Limited (PPL) under the Benazir Employees Stock Option Scheme (BESOS) at an event hosted by the Ministry of Privatisation at the Aiwan-e-Sadr in Islamabad on
Published 04 Oct, 2011 12:00am
PPL employees: Zardari distributes BESOS certificates

PPL employees: Zardari distributes BESOS certificates

President Asif Ali Zardari distributed unit certificates among 15 employees of Pakistan Petroleum Limited (PPL) under the Benazir Employees Stock Option Scheme (BESOS) at an event hosted by the Ministry of Privatisation at the Aiwan-e-Sadr in Islamabad on
Published 04 Oct, 2011 12:00am
Legal action against land grabbing sought

Legal action against land grabbing sought

Administrator Shah Faisal Town, Kamal Mustafa on Monday directed the officials concerned to initiate stern legal action against the land grabbing in the town limits. The Town Administrator said this during detailed visits to different union councils in th
Published 04 Oct, 2011 12:00am
Next cabinet meeting in Islamabad

Next cabinet meeting in Islamabad

A spokesman of the Prime Minister's House on Monday said the next cabinet meeting will be held in Islamabad due to the ongoing National Assembly Session and other pressing engagements during the next couple of days. Prime Minister Gilani had announced hol
Published 04 Oct, 2011 12:00am
Gul Ahmed Textile Mills: profit after tax increases

Gul Ahmed Textile Mills: profit after tax increases

The profit after tax of Gul Ahmed Textile Mills has increased to Rs 1,196.457 million in the year ended June 30, 2011 (FY11) as compared to Rs 477.533 million earned in FY10. The company's earning per share increased to Rs 18.85 in the period under review
Published 04 Oct, 2011 12:00am
Gul Ahmed Textile Mills: profit after tax increases

Gul Ahmed Textile Mills: profit after tax increases

The profit after tax of Gul Ahmed Textile Mills has increased to Rs 1,196.457 million in the year ended June 30, 2011 (FY11) as compared to Rs 477.533 million earned in FY10. The company's earning per share increased to Rs 18.85 in the period under review
Published 04 Oct, 2011 12:00am
Power suspension notice

Power suspension notice

Power supply from 132KV Industrial Mastung transmission line would remain suspended from October 5 to 7 due to the necessary repair work. Qesco said, here on Monday, that the affected consumers would be supplied power from alternative means yet shortfall
Published 04 Oct, 2011 12:00am
Turkish traders to initiate joint ventures

Turkish traders to initiate joint ventures

Turkish businessmen are ready to initiate joint ventures with their Pakistani counterparts as they are convinced that ample opportunities lie in a number of sectors including textiles, construction and energy. This was stated by Resul Secilmis, head of 32
Published 04 Oct, 2011 12:00am
US MIDDAY: gold rises two percent

US MIDDAY: gold rises two percent

Gold rose 2 percent on Monday and is on track for its first three-day winning streak in a month, as bullion appears to have regained its poise as a safe haven against global economic uncertainty after its worst monthly loss in two years. Bullion held gain
Published 04 Oct, 2011 12:00am
US MIDDAY: grains rebound

US MIDDAY: grains rebound

Battered grain markets rebounded from multi-month lows early on Monday due to bargain hunting, with corn posting marginal gains near midday after it dropped to a 9-1/2-month low earlier. Soyabeans also rebounded higher after setting their lowest prices in
Published 04 Oct, 2011 12:00am
Gold rises in Europe

Gold rises in Europe

Gold headed for its largest one-day rise in nearly a month on Monday and silver climbed almost 5 percent after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities. European stocks slid near
Published 04 Oct, 2011 12:00am
Gold jumps one percent in Asia

Gold jumps one percent in Asia

Gold rose more than 1 percent on Monday as falling equities and lingering worries about a debt crisis in Europe drew investors to the precious metal, which posted its biggest quarterly rise this year, but a firm US dollar could still cap gains.
Published 04 Oct, 2011 12:00am
Cocoa futures drop to two-year low

Cocoa futures drop to two-year low

Cocoa futures tumbled to their lowest in more than two years on Monday on new-month selling amid widespread concerns about the European banking sector, while arabica slid to its lowest in 2011. Sugar futures fell but later pared losses in line with the re
Published 04 Oct, 2011 12:00am
Malaysian palm oil falls to one-year low

Malaysian palm oil falls to one-year low

Malaysian palm oil futures tumbled to one-year lows on Monday on concerns that the eurozone's deepening debt crisis will stall global economic growth and commodity demand. Palm oil prices, which have lost more than a quarter so far this year, took anothe
Published 04 Oct, 2011 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Key Tokyo futures settled down 2.7 percent on Monday after sliding as far as 3 percent, as falls in oil and shares dampened market sentiment, with some investors bracing for a further decline below key support at 300 yen. The key Tokyo Commodity Exchange
Published 04 Oct, 2011 12:00am
Oil falls on Greece debt concerns, dollar rise

Oil falls on Greece debt concerns, dollar rise

Oil fell on Monday as fears grew that Greece may yet default on its debt and a stronger dollar weighed on prices after a brief price recovery on supportive US data failed to hold. Brent crude closed at its lowest price since February and US crude posted i
Published 04 Oct, 2011 12:00am
Copper off 14-month lows

Copper off 14-month lows

Copper rebounded from 14-month lows hit earlier on Monday following stronger-than-expected manufacturing figures from the United States, but lingering worries about the eurozone debt crisis and concerns about demand from top consumer China continued to pu
Published 04 Oct, 2011 12:00am
New York cotton settles down in weak start to fourth quarter

New York cotton settles down in weak start to fourth quarter

Cotton futures settled easier Monday on investor sales sparked by fears of recession as the market's weak third quarter performance spilled over into the first trading day of the last quarter of 2011, analysts said. The key December cotton contract on ICE
Published 04 Oct, 2011 12:00am
20 killed in Iraqi hostage incident

20 killed in Iraqi hostage incident

At least 20 people were killed in western Iraq on Monday when security forces stormed a police station to end a hostage-taking situation. Nine armed hostage-takers were killed in an exchange of fire at the police headquarters in al-Baghdadi, around 160 ki
Published 04 Oct, 2011 12:00am
Attack on Israel mosque enrages Netanyahu

Attack on Israel mosque enrages Netanyahu

Vandals torched a mosque in northern Israel in a suspected revenge attack by right-wing extremists that on Monday sparked a "furious" response from Prime Minister Benjamin Netanyahu. The mosque, located in the Bedouin village of Tuba Zangaria in the north
Published 04 Oct, 2011 12:00am
Syrian forces mount raids in Homs region

Syrian forces mount raids in Homs region

Syrian forces hunted for insurgents in the central region of Homs on Monday to crush armed resistance that is emerging after six months of protests against Pressident Bashar al-Assad's rule The crackdown came a day after Syrian opposition groups meeting i
Published 04 Oct, 2011 12:00am
US bans telecoms sales to Syria

US bans telecoms sales to Syria

The US Treasury Department on Monday moved to block the sale of telecommunications equipment to Syria, the latest in a series of sanctions aimed at isolating Bashar al-Assad's regime. According to a Treasury document signed on Monday, US firms will now be
Published 04 Oct, 2011 12:00am
Megrahi says his Lockerbie role exaggerated

Megrahi says his Lockerbie role exaggerated

Abdel Basset al-Megrahi, the man convicted of the 1988 Lockerbie bombing that killed 270 people, said his role in the attack had been exaggerated and the truth about what really happened would emerge soon. Megrahi, released from a Scottish prison two year
Published 04 Oct, 2011 12:00am
Fighting halts aid mission into Sirte

Fighting halts aid mission into Sirte

A Red Cross convoy carrying aid to relieve a humanitarian crisis in Libya's besieged city of Sirte had to turn back on Monday because Libyan interim government forces unleashed a barrage of fire. Government forces on the other side of the city, Muammar Qa
Published 04 Oct, 2011 12:00am
'Invisible key' invented by Taiwan scientists

'Invisible key' invented by Taiwan scientists

A team of Taiwanese researchers have developed an "invisible key" technology which allows users to unlock their doors by means of simple hand gestures, the head of the team said Monday. "In the future, you won't have to worry about losing or forgetting yo
Published 04 Oct, 2011 12:00am
Ukraine marks 70 years since Babi Yar massacre of Jews

Ukraine marks 70 years since Babi Yar massacre of Jews

Ukraine President Viktor Yanukovych is to pay tribute Monday to victims of the Nazi massacre of Jews at Babi Yar ravine in Kiev, 70 years after the deadliest shooting massacre of the Holocaust. The Nazis murdered 33,771 Jews at Babi Yar between September
Published 04 Oct, 2011 12:00am
Newspapers to disappear by 2040

Newspapers to disappear by 2040

Newspapers will disappear and be replaced by digital versions by 2040, the UN intellectual property agency's chief said in an interview published Monday. Francis Gurry, who heads the World Intellectual Property Organisation told the daily La Tribune de Ge
Published 04 Oct, 2011 12:00am
Huge chemical plant fire rages in Texas

Huge chemical plant fire rages in Texas

An industrial plant in Texas erupted in flames on Monday, sending vast black plumes of toxic smoke into the sky and a stream of blazing chemicals pouring from the site. US television pictures showed the fast-moving inferno burning out of control at the Ma
Published 04 Oct, 2011 12:00am
German authorities release four alleged Islamists

German authorities release four alleged Islamists

German authorities released four alleged Islamists on Sunday, the day after police arrested them on suspicion of illegally obtaining weapons ahead of a major reunification ceremony in Bonn. Three of the men, all in their 20s, were allowed to go on Sunday
Published 04 Oct, 2011 12:00am
Wife of notorious killer debuts in Indian reality TV

Wife of notorious killer debuts in Indian reality TV

The 22-year-old wife of a convicted French murderer and alleged serial killer has appeared in India's hugely popular reality television show "Bigg Boss." Nihita Biswas, who claims to have married 67-year-old Charles Sobhraj in a secret ceremony while he s
Published 04 Oct, 2011 12:00am
Court rejects request to freeze Berlusconi sex trial

Court rejects request to freeze Berlusconi sex trial

Milan judges on Monday rejected a request by Silvio Berlusconi's lawyers to put on hold a trial where he is accused of paying for sex with an underage prostitute, in a new legal setback for the Italian prime minister. Berlusconi's lawyers had requested th
Published 04 Oct, 2011 12:00am
Razzaq leads Pakistan in Hong Kong Super Sixes

Razzaq leads Pakistan in Hong Kong Super Sixes

All-rounder Abdul Razzaq will lead Pakistan at this month's Super Sixes in Hong Kong as he attempts to resurrect his career at international level. The 31-year-old, dropped from the national side since the World Cup in April, will lead a second-string Pak
Published 04 Oct, 2011 12:00am
Pakistan trio face trial

Pakistan trio face trial

Three Pakistan Test players go on trial in London on Tuesday charged with spot-fixing during a match against England last year, allegations which rocked the world of cricket. Former captain Salman Butt, prodigal talent Mohammad Aamer and star bowler Moham
Published 04 Oct, 2011 12:00am
Barcelona top, Higuain fires Real hat-trick

Barcelona top, Higuain fires Real hat-trick

Defending champions Barcelona went top of La Liga on Sunday with a laboured 1-0 win at rock-bottom Sporting Gijon while Gonzalo Higuain blasted a hat-trick in Real Madrid's 4-0 cruise at Espanyol. An injury-plagued Barcelona moved into first place with 14
Published 04 Oct, 2011 12:00am
Mohsin named interim coach

Mohsin named interim coach

Pakistan appointed on Monday chief selector Mohsin Khan as interim coach for this month's Test and limited-over series against Sri Lanka, a day after he unveiled the Test squad. The 56-year-old will replace Waqar Younis, who left the post on medical groun
Published 04 Oct, 2011 12:00am
Roddick aced out of China Open

Roddick aced out of China Open

The 2008 winner Andy Roddick was sent packing in his opening match at the ATP-WTA China Open on Monday by South African Kevin Anderson, joining the eighth seed Alexandr Dolgopolov in making an early exit. There was also the high-profile withdrawal of Gael
Published 04 Oct, 2011 12:00am
Cook dismisses ball tampering claims

Cook dismisses ball tampering claims

England One-day skipper Alastair Cook on Monday dismissed Pakistani paceman Umar Gul's accusation that bowlers Stuart Broad and James Anderson were involved in ball-tampering. Gul was quoted by a website claiming Anderson tampered with the ball during Pak
Published 04 Oct, 2011 12:00am
Bin Hammam loses bid to reclaim post

Bin Hammam loses bid to reclaim post

A bid by ousted Asian soccer chief Mohamed bin Hammam to block the appointment of his replacement has been denied by a sports arbitration court, the Asian Football Confederation (AFC) said Monday. The 62-year-old Qatari was handed a lifetime ban from the
Published 04 Oct, 2011 12:00am
Australian and New Zealand dollars sink

Australian and New Zealand dollars sink

The Australian and New Zealand dollars sank to fresh multi-month lows on Monday as deepening concerns that the eurozone's debt crisis will dampen global growth undermined shares and commodities. The Aussie extended its losses to $0.9592, diving to 10-mont
Published 04 Oct, 2011 12:00am
Money markets conditions tightened

Money markets conditions tightened

Money market conditions tightened on Monday as mounting worries about a potential Greek default and signs of trouble at Franco-Belgian bank Dexia deepened concerns about the health of the eurozone financial sector. Bank-to-bank rose as the stress in money
Published 04 Oct, 2011 12:00am
Swiss franc flat

Swiss franc flat

The Swiss franc traded near flat against the euro on Monday, sticking close to a target set by the Swiss National Bank nearly one month ago, showing markets were still not willing to test the central bank's resolve to defend its recently imposed level. Th
Published 04 Oct, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 75.38-75.39 (previous 75.30-75.33). Call Money Rates: 6.50-8.00 percent (previous 6.00-8.00 percent).
Published 04 Oct, 2011 12:00am
Ringgit, baht breach long-term support lines

Ringgit, baht breach long-term support lines

The Malaysian ringgit and the Thai baht breached long-term support lines on Monday, while the Taiwan dollar and the Singapore dollar hit 10-month lows, as offshore funds cut risk exposures further in Asian currencies amid increased worries about the Europ
Published 04 Oct, 2011 12:00am
Indian rupee off lows

Indian rupee off lows

The Indian rupee ended off the day's lows on Monday, tracking a modest recovery in the euro, but outlook for the local unit continues to stay bleak amid weakening macro-economic fundamentals and tapering foreign fund inflows. The partially convertible rup
Published 04 Oct, 2011 12:00am
Euro slips in London

Euro slips in London

The euro slipped on Monday, hovering within sight of an eight-month low against the dollar and a decade low versus the yen, as mounting concerns of a Greek default deepened investor worries about the health of the eurozone's banking sector. With Europe st
Published 04 Oct, 2011 12:00am
Early trade in New York: euro falls to 8-1/2-month low versus dollar

Early trade in New York: euro falls to 8-1/2-month low versus dollar

The euro fell to an 8-1/2-month low against the dollar on Monday as mounting fears of a Greek default deepened investor concern about the eurozone's banking sector. With Europe still deeply divided over how to tackle the spiralling debt crisis and the ris
Published 04 Oct, 2011 12:00am
Euro sinks in Asia

Euro sinks in Asia

The euro sank to an eight-month low on Monday on selling by macro funds and is poised to fall further after the Greek government said the debt-ridden country will miss a deficit target set just months ago in a massive bailout package.
Published 04 Oct, 2011 12:00am
Sterling slips versus dollar

Sterling slips versus dollar

Sterling fell against the dollar on Monday, brushing off a higher-than-expected reading of UK manufacturing as the pound sold off in line with stock markets and other higher-risk currencies due to mounting worries about a Greek debt default. Sentiment tow
Published 04 Oct, 2011 12:00am
Greece debt woes sting banks as FTSE retreats

Greece debt woes sting banks as FTSE retreats

Britain's top share index began the final quarter of 2011 on a downbeat note as investors trimmed positions in banks and miners on familiar concerns over Greece's debt problems and worries about growth in Asia. The FTSE 100 closed down 52.98 points, or 1
Published 04 Oct, 2011 12:00am
Indian shares wilt

Indian shares wilt

Indian shares slumped 1.84 percent on Monday to their lowest close in a week on continued foreign fund outflows dictated by global growth worries, in the absence of positive local triggers, with Reliance Industries and lenders leading the losses. The broa
Published 04 Oct, 2011 12:00am
China markets closed for a week

China markets closed for a week

China's stock, money, foreign exchange and commodity markets are closed for the week of October 3-7 for the National Day Holiday. Financial markets will reopen on Monday, October 10. Meanwhile, South Korean stocks, financial markets are closed on Monday f
Published 04 Oct, 2011 12:00am
European shares slide

European shares slide

European shares ended at their lowest close in a week on Monday, after Greece fuelled concern about a possible default when saying it will miss deficit targets for this year. Banks were among the worst hit stocks, on worries they may have to make further
Published 04 Oct, 2011 12:00am
Monday's midday trade: Wall Street flat

Monday's midday trade: Wall Street flat

US stocks were little changed on Monday as positive US economic data helped to offset fears Greece may require increased eurozone financial assistance after news it will exceed its deficit targets. Wall Street began the new quarter with choppy trading aft
Published 04 Oct, 2011 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks ended at a one-week low on Monday, led by financial shares on growing concerns that Europe's debt crisis could further dampen global economy. The main TAIEX index was down 2.93 percent, or 211.41 points to 7,013.97, tracking regional bourses
Published 04 Oct, 2011 12:00am
Hong Kong shares slump to lowest since May 2009

Hong Kong shares slump to lowest since May 2009

Hong Kong shares slumped 4.4 percent on Monday, underperforming much of Asia, as mainland financials and property names dragged the Hang Seng Index to its lowest level in 2-1/2 years, with lacklustre turnover and a flight to defensive stocks pointing to i
Published 04 Oct, 2011 12:00am
Nikkei average falls

Nikkei average falls

The Nikkei average dropped 1.8 percent on Monday, as fears of slowing global growth and the spreading impact of Europe's credit woes encouraged investors to pull funds out of risk assets. Japanese shares slumped along with equity markets across Asia, as w
Published 04 Oct, 2011 12:00am
South East Asian markets: Indonesia, Thailand lead regional losses

South East Asian markets: Indonesia, Thailand lead regional losses

Stocks in Indonesia and Thailand tumbled more than 5 percent on Monday, leading the rest of Southeast Asia lower as commodity-related shares were hit by fears about the global economy as the eurozone debt crisis dragged on. Local currencies weakened as of
Published 04 Oct, 2011 12:00am
Egyptian bourse hit by bills sale

Egyptian bourse hit by bills sale

Egypt's bourse fell on Monday after a sale of treasury bills drew funds and Dubai's index made its largest one-day drop in eight weeks as losses on global markets spooked regional investors. Cairo's main index fell 2.8 percent as treasury bills drew inves
Published 04 Oct, 2011 12:00am
Tri-Pack Films Limited

Tri-Pack Films Limited

Tri-Pack Films Limited (Tri-Pack) - a joint venture between Mitsubishi Corporation of Japan and Packages Limited of Pakistan - is involved in production of packaging films used by packaging companies. Incorporated in 1993, the Company commenced commercial
Published 04 Oct, 2011 12:00am
Tri-Pack Films Limited

Tri-Pack Films Limited

Tri-Pack Films Limited (Tri-Pack) - a joint venture between Mitsubishi Corporation of Japan and Packages Limited of Pakistan - is involved in production of packaging films used by packaging companies. Incorporated in 1993, the Company commenced commercial
Published 04 Oct, 2011 12:00am
Minister for rainwater drainage before monsoon

Minister for rainwater drainage before monsoon

Sindh Minister for Fisheries, Zahid Ali Bhurgari who is also the chairman of district relief committee here has informed that drainage of storm water of Qasimabad into River Indus is being planned and the project would be executed and completed before the
Published 04 Oct, 2011 12:00am
French pilots to visit KPC today

French pilots to visit KPC today

French pilots on their spree to visit 15 countries of the world via their ultra-light plane will meet the journalists at Karachi Press Club on Tuesday. The pilots Marc Perdu and Christian Tiriault will share with the media their experience and reasons to
Published 04 Oct, 2011 12:00am
CNG price may be raised by up to Rs 6 per kg

CNG price may be raised by up to Rs 6 per kg

The government is likely to increase Compressed Natural Gas (CNG) price by up to Rs 6 per kg within next few days. At present, the gap between petrol and CNG prices is 45 per cent, which will widen after the fresh increase in petrol price by Rs 4.15 per l
Published 04 Oct, 2011 12:00am
SECP issues notification for draft of fertiliser industry record order

SECP issues notification for draft of fertiliser industry record order

Securities and Exchange Commission of Pakistan (SECP) has developed and issued notification for draft of Fertiliser Industry (Cost Accounting Records) Order, 2011, vide SRO 852/I/2011, for the chemical fertiliser industry to facilitate maintenance of reco
Published 04 Oct, 2011 12:00am
Notices to NAB, BoP in scam case issued

Notices to NAB, BoP in scam case issued

Supreme Court on Monday issued notices to National Accountability Bureau (NAB) and Bank of Punjab (BoP) over a bail application of Sheikh Afzal - one of the defaulter of BoP in the rupees nine billion loan scam. A three-member bench headed by Justice Tass
Published 04 Oct, 2011 12:00am
Ukraine's grain exports remain low in September

Ukraine's grain exports remain low in September

Ukraine's grain exports remained subdued in September, feeling the impact of high export duties which could be extended through 2012, traders and top government officials said on Monday. The director of Ukrainian Agrarian Confederation (UAC) Serhiy Stoyan
Published 04 Oct, 2011 12:00am
Vietnam's 2011-12 arabica output to rise 25 percent

Vietnam's 2011-12 arabica output to rise 25 percent

Vietnam's arabica output in the 2011/2012 crop year is forecast to rise by a quarter from the previous season to 50,000 tonnes, or 833,000 bags, thanks to an increase in both planting area and average yields, a leading exporter said on Monday. Vietnam is
Published 04 Oct, 2011 12:00am
Russian wheat prices fall following Egyptian tender

Russian wheat prices fall following Egyptian tender

Russian wheat prices fell for a third week in a row on Monday following the results of the latest Egyptian tenders, which Russia won by undercutting prices of competitors, analysts said. Russia has won a series of tenders run by Egyptian state grain buyer
Published 04 Oct, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 261,689 tonnes of cargo comprising 209,656 tonnes of import cargo and 52,033 tonnes of export cargo including 4,759 loaded & empty containers during last 48 hours ended at 0700 hours on Monday.
Published 04 Oct, 2011 12:00am
Indonesian cocoa exports fall over 60 percent in September

Indonesian cocoa exports fall over 60 percent in September

Cocoa exports from the world's No 3 producer Indonesia fell more than 60 percent in September, declining for a seventh month in a row, after wet weather earlier in the year damaged the main crop and triggered an outbreak of a deadly fungal disease.
Published 04 Oct, 2011 12:00am
US Midwest soya bids rise, corn firmer

US Midwest soya bids rise, corn firmer

Soyabean spot basis bids were higher at river terminals around the US Midwest on Monday while corn bids were steady to firm across the region, supported by the sharp downturn in futures, dealers said. Fresh sales of each crop at a near standstill even as
Published 04 Oct, 2011 12:00am
US corn rebounds from 9-1/2 month low on bargain buying

US corn rebounds from 9-1/2 month low on bargain buying

US corn rebounded from a 9-1/2 month low on Monday on bargain buying after falling nearly 30 percent below the record high set just 3-1/2 months ago, with soybeans and wheat also edging higher. Battered grains rebounded in tandem with other commodities li
Published 04 Oct, 2011 12:00am
Factory activity in Europe, Asia slump to crisis-era lows

Factory activity in Europe, Asia slump to crisis-era lows

Factory activity in Europe and Asia slumped in September to levels not seen since the depths of the financial crisis as export demand dropped, surveys showed on Monday, reinforcing fears of a return to recession. Corresponding figures for the United State
Published 04 Oct, 2011 12:00am
Fiat pulls out of Italy's employers group

Fiat pulls out of Italy's employers group

Fiat, the Italian auto giant and the country's biggest business, said Monday it was pulling out of Italy's largest employer's group, fed up with the country's inflexible labour market. Fiat and Fiat Industrial, which together employ 82,000 people in Italy
Published 04 Oct, 2011 12:00am
Russia closely watching EU Gazprom raids: Putin

Russia closely watching EU Gazprom raids: Putin

Russia's Vladimir Putin said on Monday Moscow was paying close attention to recent European raids on Gazprom subsidiaries that have been linked to concern in Brussels over the continent's dependence on supplies of Siberian natural gas. Putin ordered the g
Published 04 Oct, 2011 12:00am
Greece to miss deficit target, economy to shrink

Greece to miss deficit target, economy to shrink

Greece's admission that it will miss its deficit target this year despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout. The gloomy news from Athens brought the spectre
Published 04 Oct, 2011 12:00am
UK flags new scheme to allow credit easing

UK flags new scheme to allow credit easing

British finance minister George Osborne flagged a new scheme on Monday to funnel lending directly to companies starved of credit by banks, in an attempt to get economic growth back on track without breaking his pledge to cut public spending.
Published 04 Oct, 2011 12:00am
Citigroup unit fined over employee's Ponzi scheme

Citigroup unit fined over employee's Ponzi scheme

Hong Kong's market regulator said Monday it had fined a unit of US banking giant Citigroup HK$6 million ($770,000) after it failed to promptly report a Pozni scheme run by a former employee. The Securities and Futures Commission (SFC) said an investigatio
Published 04 Oct, 2011 12:00am
German CDS prices hit record over crisis cost risk

German CDS prices hit record over crisis cost risk

The cost of insuring German debt against default hit a record high on Monday on growing worries the eurozone's largest economy will face a hefty bill for a deepening regional crisis. German benchmark five-year CDS prices have jumped more than 50 percent o
Published 04 Oct, 2011 12:00am
Manufacturing may help fight off new US recession

Manufacturing may help fight off new US recession

US factories grew more quickly in September as production and hiring increased, suggesting that manufacturing would help keep the economy from slipping into a new recession. Other data on Monday offered more good news for the troubled US economy, with str
Published 04 Oct, 2011 12:00am
Small business borrowing jumps

Small business borrowing jumps

Borrowing by small US businesses jumped in August, a bright spot in an economy whose weaknesses are so pronounced that the Federal Reserve last month launched a new program aimed at encouraging just such borrowing. The Thomson Reuters/PayNet Small Busines
Published 04 Oct, 2011 12:00am
India backs away from poverty definition after outcry

India backs away from poverty definition after outcry

India's national economic planning commission backed away on Monday from a controversial definition that any villager earning around 50 cents a day was not poor following a storm of protest. The poverty benchmark had been condemned by social activists as
Published 04 Oct, 2011 12:00am
Trade deals announcement imminent: Obama

Trade deals announcement imminent: Obama

US President Barack Obama said Monday that the White House would announce in the next day or so when it is sending stalled free trade pacts with South Korea, Panama and Colombia to Congress. The deals could increase exports by an estimated $13 billion and
Published 04 Oct, 2011 12:00am
Japan's business mood recovers, outlook positive

Japan's business mood recovers, outlook positive

Japanese business sentiment recovered in the third quarter from the post-earthquake shock, but a strong yen and Europe's debt crisis are making companies cautious about the outlook, the Bank of Japan's quarterly tankan survey showed on Monday. Japan's dom
Published 04 Oct, 2011 12:00am
Prices sharply lower on grain market

Prices sharply lower on grain market

Falling trend was seen on the wholesale grain market on Monday as grams prices drifted lower due to lack of buying interest, dealers said. On the grams side, grams Australian No 1 lost Rs 450 to Rs 4550-5050, grams Australia No 1 dal followed suit, losing
Published 04 Oct, 2011 12:00am
Spot rate curtailed to Rs 6,100 amid falling demand on cotton market

Spot rate curtailed to Rs 6,100 amid falling demand on cotton market

Official spot rate was reduced on the cotton market on Monday following the increase in phutti arrivals and mills cautious attitude towards fresh buying, dealers said. The Karachi Cotton Association (KCA) official spot rate was declined by Rs 200 to Rs 6,
Published 04 Oct, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December contract was higher while the January contract was unchanged on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The December contract that had ended at Rs 1312.10 and commenced with a gain of 30 paisa in t
Published 04 Oct, 2011 12:00am
HRW wheat bids steady to firmer

HRW wheat bids steady to firmer

Hard red winter wheat basis bids were steady to firmer on Monday with higher protein levels sought and country sellers still holding tight to supplies. Protein premiums for railcar wheat to and through Kansas City were 5-13 cents higher for 11.60- through
Published 04 Oct, 2011 12:00am
State Bank of Pakistan conversion rates

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 04 Oct, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

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 Commi
Published 04 Oct, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (October 03, 2011).

Published 04 Oct, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (October 03, 2011).

Published 04 Oct, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (October 03, 2011).

Published 04 Oct, 2011 12:00am
Karachi unrest: Supreme Court to announce judgment on October 6

Karachi unrest: Supreme Court to announce judgment on October 6

The Supreme Court (SC) will announce reserved its judgment on Karachi unrest here on October 6, 2011. It is worth mentioning that the judgment was reserved on September 16 after a five-member special bench headed by Chief Justice Iftikhar Muhammad Chaudhr
Published 04 Oct, 2011 12:00am
Bill buying rates per unit of currency

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 Monday (October 03, 2011).

Published 04 Oct, 2011 12:00am
Karachi unrest: Supreme Court to announce judgment on October 6

Karachi unrest: Supreme Court to announce judgment on October 6

The Supreme Court (SC) will announce reserved its judgment on Karachi unrest here on October 6, 2011. It is worth mentioning that the judgment was reserved on September 16 after a five-member special bench headed by Chief Justice Iftikhar Muhammad Chaudhr
Published 04 Oct, 2011 12:00am
Government wakes up from deep slumber

Government wakes up from deep slumber

In order to significantly reduce the current electricity shortfall of 7,500mw, the government has decided to immediately add 4,000mw of power to national grid. The Finance Ministry on Monday released Rs 9 billion to Pepco for restoration of fuel supply to
Published 04 Oct, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (October 03, 2011).
Published 04 Oct, 2011 12:00am
Government wakes up from deep slumber

Government wakes up from deep slumber

In order to significantly reduce the current electricity shortfall of 7,500mw, the government has decided to immediately add 4,000mw of power to national grid. The Finance Ministry on Monday released Rs 9 billion to Pepco for restoration of fuel supply to
Published 04 Oct, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (October 03, 2011).

Published 04 Oct, 2011 12:00am
Government wakes up from deep slumber

Government wakes up from deep slumber

In order to significantly reduce the current electricity shortfall of 7,500mw, the government has decided to immediately add 4,000mw of power to national grid. The Finance Ministry on Monday released Rs 9 billion to Pepco for restoration of fuel supply to
Published 04 Oct, 2011 12:00am
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