News Archives for Print - 2010-08-04

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (August 03, 2010).

Published 04 Aug, 2010 12:00am

Pakistan, France agree to set up JEC

Pakistan and France on Tuesday agreed to setting up of a Joint Economic Commission (JEC) for closer co-operation in food, agriculture, economic development and large scale training of nurses for export to the European Union and Middle East. The decision w

Published 04 Aug, 2010 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (August 03, 2010).

Published 04 Aug, 2010 12:00am

Two prequalified firms: TCP starts blacklisting process

The Trading Corporation of Pakistan (TCP) has initiated the process to blacklist two prequalified firms for misleading it over sugar import, causing billions of rupees loss to the national exchequer, sources told Business Recorder.

Published 04 Aug, 2010 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 Tuesday (August 03, 2010).

Published 04 Aug, 2010 12:00am

Two prequalified firms: TCP starts blacklisting process

The Trading Corporation of Pakistan (TCP) has initiated the process to blacklist two prequalified firms for misleading it over sugar import, causing billions of rupees loss to the national exchequer, sources told Business Recorder.

Published 04 Aug, 2010 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (August 03, 2010).

Published 04 Aug, 2010 12:00am

Two prequalified firms: TCP starts blacklisting process

The Trading Corporation of Pakistan (TCP) has initiated the process to blacklist two prequalified firms for misleading it over sugar import, causing billions of rupees loss to the national exchequer, sources told Business Recorder.

Published 04 Aug, 2010 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (August 03, 2010).

Published 04 Aug, 2010 12:00am

Pakistani British lawmakers slam visit

British lawmakers of Pakistani origin hit out at President Asif Ali Zardari on Tuesday, saying he should be back home sorting out the flooding disaster rather than launching his son's career. Some politicians have pulled out of a planned meeting with Zard

Published 04 Aug, 2010 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 04 Aug, 2010 12:00am

Pakistani British lawmakers slam visit

British lawmakers of Pakistani origin hit out at President Asif Ali Zardari on Tuesday, saying he should be back home sorting out the flooding disaster rather than launching his son's career. Some politicians have pulled out of a planned meeting with Zard

Published 04 Aug, 2010 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 04 Aug, 2010 12:00am

White House disputes gloomy assessment

The White House Tuesday dismissed comments by Pakistan's president that US-backed coalition forces are losing the war in Afghanistan. White House spokesman Robert Gibbs said President Barack Obama, who days earlier said progress was being made in Afghanis

Published 04 Aug, 2010 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (August 03, 2010).

Published 04 Aug, 2010 12:00am

White House disputes gloomy assessment

The White House Tuesday dismissed comments by Pakistan's president that US-backed coalition forces are losing the war in Afghanistan. White House spokesman Robert Gibbs said President Barack Obama, who days earlier said progress was being made in Afghanis

Published 04 Aug, 2010 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 04 Aug, 2010 12:00am

Cameron rebuked for questioning Islamabad's resolve: war with Taliban being lost, says Zardari

President Asif Ali Zardari said on Tuesday the international community was losing the war against the Afghan Taliban and rebuked Britain's Prime Minister David Cameron for questioning Islamabad's resolve. Shortly before leaving France for Britain for a vi

Published 04 Aug, 2010 12:00am

Grain market closed

Grain and oilseeds markets were closed on Tuesday following Monday violence which erupted after the murder of a member of provincial assembly of Sindh, Syed Raza Haider, and nearly 35 people were killed.

Published 04 Aug, 2010 12:00am

Cameron rebuked for questioning Islamabad's resolve: war with Taliban being lost, says Zardari

President Asif Ali Zardari said on Tuesday the international community was losing the war against the Afghan Taliban and rebuked Britain's Prime Minister David Cameron for questioning Islamabad's resolve. Shortly before leaving France for Britain for a vi

Published 04 Aug, 2010 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 129,341 tonnes of cargo including 92,751 tonnes of import cargo; 36,590 tonnes of export cargo and 4,663 loaded and empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 92,751 tonnes comp

Published 04 Aug, 2010 12:00am

World help sought for flood relief: World Bank, ADB asked for damage assessment

Pakistan on Tuesday formally launched appeal to international community for assistance in rescue and relief operations in the flood-hit areas. Besides, the government also urged World Bank and Asian Development Bank for damage assessment of the flood-affe

Published 04 Aug, 2010 12:00am

Pest attack hits India's June tea output, exports

Tea output in India, the world's second biggest producer, fell 11.9 percent to 104 million kg in June as a pest attack in the biggest producing region badly affected plantations, Tea Board said on Tuesday. The drop in output also affected the country's ex

Published 04 Aug, 2010 12:00am

World help sought for flood relief: World Bank, ADB asked for damage assessment

Pakistan on Tuesday formally launched appeal to international community for assistance in rescue and relief operations in the flood-hit areas. Besides, the government also urged World Bank and Asian Development Bank for damage assessment of the flood-affe

Published 04 Aug, 2010 12:00am

Bangladeshi tea prices fall

The average price of Bangladeshi teas fell 7.0 percent to 153.91 taka ($2.22) per kg at the weekly auction on Tuesday as quality declined, brokers said. More than 1.53 million kg were sold, while 7.0 percent of the offer was taken back from the auction, b

Published 04 Aug, 2010 12:00am

'Super flood' likely to hit Sindh anytime soon

Water flow at Guddu Barrage rises to 420,000 cusecs on Tuesday and the inflow of water is continuously increasing due to fast-approaching 'super flood' which is likely to strike Sindh province in the next 24 hours. Talking to Business Recorder, Saleh Ahme

Published 04 Aug, 2010 12:00am

China vows to develop gold market as demand rises

China will allow more domestic banks to export and import gold as part of steps to encourage more liquid trade, which could underpin the country's growing private demand for the precious metal. The People's Bank of China said on Tuesday that it would allo

Published 04 Aug, 2010 12:00am

'Super flood' likely to hit Sindh anytime soon

Water flow at Guddu Barrage rises to 420,000 cusecs on Tuesday and the inflow of water is continuously increasing due to fast-approaching 'super flood' which is likely to strike Sindh province in the next 24 hours. Talking to Business Recorder, Saleh Ahme

Published 04 Aug, 2010 12:00am

Oil World sees lower global 2010 rapeseed crop

The global 2010 rapeseed/canola crop is likely to fall to 56.07 million tonnes from 59.87 million tonnes in 2009 after poor weather in several production regions, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. This was down by 0.7 million

Published 04 Aug, 2010 12:00am

Ghotki, Sukkur, Kashmore, Shikarpur to be hit

Due to a relatively low capacity of Sukkur Barrage, Ghotki, Sukkur, Kashmore and Shikarpur would be hit directly, the PDMA chief said. He said the district governments and Sindh Irrigation Department have developed of rescue strategy to provide relief to

Published 04 Aug, 2010 12:00am

Drought-hit Russia plans no grain export curbs

Russia on Tuesday cut its grain crop forecast in line with other analysts as its worst drought in 130 years dragged on but said it did not plan export curbs, even as traders said some shipments to Asia had been held up. The major wheat exporter cut its 20

Published 04 Aug, 2010 12:00am

Ghotki, Sukkur, Kashmore, Shikarpur to be hit

Due to a relatively low capacity of Sukkur Barrage, Ghotki, Sukkur, Kashmore and Shikarpur would be hit directly, the PDMA chief said. He said the district governments and Sindh Irrigation Department have developed of rescue strategy to provide relief to

Published 04 Aug, 2010 12:00am

US wheat prices surge to 22-month high

US wheat prices soared to a 22-month high on Monday on supply concerns as the worst Russian drought in 130 years appeared to be worsening and as dry weather sparked production worries in western Australia. Russian leaders declared a state of emergency on

Published 04 Aug, 2010 12:00am

Flood peak not likely to cause major damage

The Director General of Provincial Disaster Management Authority (PDMA), Muhammad Sualeh Ahmed Faruqui, has hoped that the flood peak would pass through Sindh without causing any significant damage "but we should remain prepared for the worst and that the

Published 04 Aug, 2010 12:00am

No business on cotton market after Monday's violence

Shutters were down at the commercial centres on Tuesday in the city, including cotton market. The Karachi Cotton Association (KCA) did not issue official spot rate due to tense situation in the city after killing of 35 people in the city.

Published 04 Aug, 2010 12:00am

Flood peak not likely to cause major damage

The Director General of Provincial Disaster Management Authority (PDMA), Muhammad Sualeh Ahmed Faruqui, has hoped that the flood peak would pass through Sindh without causing any significant damage "but we should remain prepared for the worst and that the

Published 04 Aug, 2010 12:00am

Vietnam coffee prices hit highest level in two years

Coffee prices in Vietnam hit their highest level in nearly two years this week before dipping slightly on Tuesday, although sales remained thin, traders said. Robusta coffee hit a 21-month high in London in Monday's trade at $1,843 before falling back to

Published 04 Aug, 2010 12:00am

PIA-Palpa dispute: ministry summons representatives

The Ministry of Defence (MOD) has summoned top management of PIA and representatives of Pakistan Airline Pilots'' Association (Palpa) to Islamabad to cool down tempers, and settle the disputes between the two, as it is resulting in flight delays, and has

Published 04 Aug, 2010 12:00am

China's CIC may invest up to $25 billion in Indonesia

China Investment Corp (CIC) may invest up to $25 billion in Indonesia, a minister of Southeast Asia's biggest economy said, a move that will help the fund secure resources in a country hungry for foreign financing.

Published 04 Aug, 2010 12:00am

PIA-Palpa dispute: ministry summons representatives

The Ministry of Defence (MOD) has summoned top management of PIA and representatives of Pakistan Airline Pilots' Association (Palpa) to Islamabad to cool down tempers, and settle the disputes between the two, as it is resulting in flight delays, and has l

Published 04 Aug, 2010 12:00am

Australia's Linc inks $2.7 billion coal deal with India's Adani

Australia's Linc Energy has agreed to sell its Galilee coal tenement to India's Adani Enterprises in a cash and royalty deal worth $2.7 billion, marking the largest single mine investment by an Indian firm into Australia. The deal with Adani could herald

Published 04 Aug, 2010 12:00am

PIA-Palpa dispute: ministry summons representatives

The Ministry of Defence (MOD) has summoned top management of PIA and representatives of Pakistan Airline Pilots' Association (Palpa) to Islamabad to cool down tempers, and settle the disputes between the two, as it is resulting in flight delays, and has l

Published 04 Aug, 2010 12:00am

Venezuelan oil firm profits slump 52 percent in 2009

State-owned oil giant Petroleos de Venezuela (PDVSA) said Tuesday its 2009 net profits tumbled 52.2 percent in 2009 to 4.498 billion dollars amid a slide in global crude oil prices. PDVSA said the drop came from a 2008 profit of 9.4 billion dollars - a ye

Published 04 Aug, 2010 12:00am

18th Amendment: Counsel asked whether he's frightening the judges

"Are you frightening us?" The Chief Justice Iftikhar Muhammad Chaudhry asked the counsel for the federation whether he was frightening the judges of the apex court in response to his revelation that as many as six constitutional amendments in India were i

Published 04 Aug, 2010 12:00am

Venezuelan oil firm profits slump 52 percent in 2009

State-owned oil giant Petroleos de Venezuela (PDVSA) said Tuesday its 2009 net profits tumbled 52.2 percent in 2009 to 4.498 billion dollars amid a slide in global crude oil prices. PDVSA said the drop came from a 2008 profit of 9.4 billion dollars - a ye

Published 04 Aug, 2010 12:00am

18th Amendment: Counsel asked whether he's frightening the judges

"Are you frightening us?" The Chief Justice Iftikhar Muhammad Chaudhry asked the counsel for the federation whether he was frightening the judges of the apex court in response to his revelation that as many as six constitutional amendments in India were i

Published 04 Aug, 2010 12:00am

IMF urges Russia to raise rates, cut spending

The International Monetary Fund on Monday urged Russia to consider raising interest rates and to start withdrawing stimulus measures now to bring public finances under control. Russia's central bank, when it met last week, left key interest rates unchange

Published 04 Aug, 2010 12:00am

Xstrata in $5 billion new mine spend after bumper second quarter

Miner Xstrata said on Tuesday it would pump over $5 billion into new mines and keep targeting organic growth rather than acquisitions, after more than doubling first-half earnings per share on higher metals prices. The Anglo-Swiss group said it was cautio

Published 04 Aug, 2010 12:00am

P&G profit misses on marketing new items

Household products maker Procter & Gamble Co posted lower-than-expected quarterly profit as higher spending on marketing more than offset sales growth, and its shares fell more than 5 percent. P&G said investment in new products released this year - Pampe

Published 04 Aug, 2010 12:00am

P&G profit misses on marketing new items

Household products maker Procter & Gamble Co posted lower-than-expected quarterly profit as higher spending on marketing more than offset sales growth, and its shares fell more than 5 percent. P&G said investment in new products released this year - Pampe

Published 04 Aug, 2010 12:00am

Asian bond spreads near three-month low

Asian debt spreads eased to their narrowest in nearly three months on Tuesday as strong European bank earnings and upbeat US manufacturing data spurred investors to move back into riskier assets. The Asia ex-Japan iTraxx investment-grade index narrowed 6

Published 04 Aug, 2010 12:00am

Asian bond spreads near three-month low

Asian debt spreads eased to their narrowest in nearly three months on Tuesday as strong European bank earnings and upbeat US manufacturing data spurred investors to move back into riskier assets. The Asia ex-Japan iTraxx investment-grade index narrowed 6

Published 04 Aug, 2010 12:00am

Southeast Asian stocks: Indonesia at two-week low

Indonesia's stock market fell nearly 3 percent to a two-week low on Tuesday, retreating from a recent record high as higher-than-expected inflation for July raised fears of an interest rate rise, sparking profit-taking. The central bank has said it would

Published 04 Aug, 2010 12:00am

Nikkei average springs back

Japan's Nikkei average rose 1.3 percent on Tuesday, helped by broad buying on easing worries about the global economic recovery after strong European bank results helped to send Wall Street to a 10-week closing high. Earnings from BNP Paribas and HSBC top

Published 04 Aug, 2010 12:00am

Tuesday's afternoon trade: market falls

US stocks fell on Tuesday after disappointing results from Dow component Procter & Gamble and weak economic data, but a bullish profit and outlook from Pfizer, the world's largest drugmaker, helped limit losses. Procter & Gamble Co fell 3.7 percent to $59

Published 04 Aug, 2010 12:00am

US stocks end at highest level in 10 weeks

US stocks closed at their highest level in 10 weeks on Monday and the S&P 500 pierced key technical levels as a weaker US dollar lifted the energy and raw materials sectors. Strong results in Europe from BNP Paribas SA and HSBC Plc added to the upbeat ton

Published 04 Aug, 2010 12:00am

European CDS extend rally

European corporate credit default swap spreads maintained a tightening bias on Tuesday, driven by a rally in global stock markets and strong banking and corporate results. By 0630 GMT, the investment-grade Markit iTraxx Europe index was at 98.5 basis poin

Published 04 Aug, 2010 12:00am

European CDS extend rally

European corporate credit default swap spreads maintained a tightening bias on Tuesday, driven by a rally in global stock markets and strong banking and corporate results. By 0630 GMT, the investment-grade Markit iTraxx Europe index was at 98.5 basis poin

Published 04 Aug, 2010 12:00am

Treasuries slump

US Treasury prices slumped on Monday as upbeat earnings and better-than-expected factory data reduced fears of a double-dip recession, stoking a stock market rally and a sell-off in government bonds. The 30-year bond took the brunt of the selling. Its yie

Published 04 Aug, 2010 12:00am

Treasuries slump

US Treasury prices slumped on Monday as upbeat earnings and better-than-expected factory data reduced fears of a double-dip recession, stoking a stock market rally and a sell-off in government bonds. The 30-year bond took the brunt of the selling. Its yie

Published 04 Aug, 2010 12:00am

Seoul shares rise

Seoul shares rose on Tuesday as technology stocks such as LG Electronics rallied on stronger than expected US data while Hanwha Chemical climbed after news of an acquisition. The Korea Composite Stock Price Index (KOSPI) ended up 0.47 percent at 1,790.60

Published 04 Aug, 2010 12:00am

Hong Kong stocks at three-month high, China's key index slips

Hong Kong stocks rose to a three-month closing high on Tuesday, after HSBC Holdings Plc's forecast-beating half-year earnings pushed investors back to riskier assets such as emerging markets equities. In Shanghai, China's key stock index ended 1.7 percent

Published 04 Aug, 2010 12:00am

Indian shares stay higher

Indian shares rose for the second day to close 0.2 percent higher on Tuesday, tracking small rise in world stocks, with financials leading the charge. Leading private lender ICICI Bank, topped the gainers and further rose 2.4 percent to 962.10 rupees, its

Published 04 Aug, 2010 12:00am

Closing stock market indices

Major stock markets outside the United States ended on Tuesday.

Published 04 Aug, 2010 12:00am

FTSE ends smidgen lower

Britain's top shares ended steady on Tuesday as strength in oils offset falls in miners and banks following weaker-than-expected US data that stoked concern about the strength of the economic rebound. The FTSE 100 closed down 0.63 point at 5,396.48 follow

Published 04 Aug, 2010 12:00am

Interbank dollar rates fall

Benchmark interbank dollar funding costs fell to a fresh 2-1/2 month low on Tuesday on growing expectations the Federal Reserve might add extra cash to the system as soon as next week, keeping interest rates ultra low. The two-year US swaps spread - a gau

Published 04 Aug, 2010 12:00am

Dollar index near three-month low

The dollar hovered near a three-month low against a basket of currencies on Tuesday on the perception that the US growth outlook is deteriorating, forcing the Federal Reserve to keep interest rates low. The Australian dollar dropped after retail sales and

Published 04 Aug, 2010 12:00am

Dollar hits multi-month lows

The dollar hit multi-month lows against major currencies on Tuesday, hit by signs of mounting concern among US policymakers about the pace of economic recovery, as technical factors kept the currency under selling pressure. The dollar index, a measure of

Published 04 Aug, 2010 12:00am

Early trade: Dollar falls broadly

The dollar tumbled on Tuesday against the euro, the yen and sterling as a fall in benchmark yields to all-time lows caused investors to shun dollar-denominated assets. The euro hit a three-month high at $1.3261. And the dollar index, which measures the gr

Published 04 Aug, 2010 12:00am

Euro hits key level, dollar down in New York

The dollar hit a three-month low on Monday against a basket of currencies on fears growth in Europe and Asia will outpace that of the United States, while the euro soared after hitting a key technical level. Strong European earnings pushed sterling to a s

Published 04 Aug, 2010 12:00am

Australian and New Zealand dollar firm

The Australian dollar hung near three-month highs on Tuesday signs of resilience in global manufacturing helped lift commodities and equities. The Australia dollar managed to hold firm at $0.9084 even though the Reserve Bank of Australia (RBA) skipped a c

Published 04 Aug, 2010 12:00am

Swiss franc up versus dollar

The Swiss franc notched back up towards a 6-month high against the dollar on Tuesday as markets awaited Swiss consumer price data for clues on the timing of the Swiss National Bank's first post-crisis interest rate hike. Annual consumer price inflation fo

Published 04 Aug, 2010 12:00am

Indian rupee at over one-month high

The Indian rupee rose to its highest in slightly over a month on Tuesday, as expectations of low US interest rates drove the dollar lower overseas and triggered selling from domestic exporters. A rise in local share prices also supported sentiment and rei

Published 04 Aug, 2010 12:00am

Won and peso hit 11-week highs

The South Korean won and Philippine peso hit 11-week highs on Tuesday as upbeat US factory data and European bank earnings buoyed risk-taking, but their gains were curtained by official intervention. The won gained as much as percent 1,159.9 per dollar, t

Published 04 Aug, 2010 12:00am

Sterling rises versus dollar

Sterling hit a six-month high against a broadly weaker dollar on Tuesday, lifted by expectations the UK will continue to recover after recent upbeat economic data and robust bank earnings. The pound also benefited from across-the-board weakening of the US

Published 04 Aug, 2010 12:00am

Yuan up versus dollar

The yuan ended up against the dollar but fell versus the euro and yen on Tuesday, guided by the Chinese central bank's reference rates, as the dollar index hit a fresh low of more than three months in early European trade. The People's Bank of China set t

Published 04 Aug, 2010 12:00am

Nairobi championships sets new targets for Africa

The African athletics championships saw the emergence of talents particularly in the field events to raise hopes that new doors will open enabling the continent to excel at the 2012 Olympics. Uganda's Sarah Nambawa became the first athlete from the east A

Published 04 Aug, 2010 12:00am

Iraqi football directors given one year to settle row

Iraqi football directors have been given one year to settle a row which prevented a new football association president being elected last month and left the country in danger of being suspended by FIFA. The reprieve from soccer's governing body means Iraq

Published 04 Aug, 2010 12:00am

PFF dedicates best player trophy to Misha Dawood

Pakistan Football Federation (PFF)'s President, Makhdoom Syed Faisal Saleh Hayat has dedicated Best Women Player Award of National Women Football Championship to unfortunate Diya FC's midfielder Misha Dawood, who was aboard the ill-fated Airblue airliner

Published 04 Aug, 2010 12:00am

Angry Bayern blame Dutch as Robben injured

Angry Bayern Munich accused the Netherlands of allowing Arjen Robben to play at the World Cup with an injury after announcing the striker would miss the first two months of the Bundesliga season on Tuesday. Bayern said on their website (www.fcbayern.t-hom

Published 04 Aug, 2010 12:00am

Spain, Netherlands fined over World Cup final

Spain have been fined 10,000 Swiss francs ($9,363) and the Netherlands 15,000 Swiss francs ($14,040) for the behaviour of their players in last month's World Cup final, FIFA said on Tuesday. Winners Spain had five players booked and the Dutch received eig

Published 04 Aug, 2010 12:00am

Safina ends slump by downing Bondarenko in San Diego

Former world number one Dinara Safina ended a six match losing streak by beating Alona Bondarenko 6-1 7-6 in the first round of the San Diego Open on Monday. Safina was joined in the second round by another Russian, Alisa Kleybanova, who overcame Aravane

Published 04 Aug, 2010 12:00am

Tour champion Contador joins Saxo Bank team

Tour de France champion Alberto Contador has joined Denmark's Saxo Bank team on a two-year contract, team manager Bjarne Riis said on Tuesday. "I am proud and honoured that I am able to introduce Alberto Contador to our team next year," Riis told a news c

Published 04 Aug, 2010 12:00am

Lemaitre completes golden European hat-trick

Christophe Lemaitre became the first man to complete the European championship treble of 100, 200 and 4x100 metres relay but his efforts were not enough to put France above Russia in the final medals table on Sunday. Russia ended the championships with 10

Published 04 Aug, 2010 12:00am

Flintoff ruled out for season through injury

England all-rounder Andrew Flintoff suffered yet another injury setback on Tuesday when, days before he was due to return from a year on the sidelines, he was ruled out of action for the rest of the season. Flintoff has not played for 12 months following

Published 04 Aug, 2010 12:00am

Flower backs Anderson to bloom in Australia

England coach Andy Flower insists James Anderson can be a force during the forthcoming tour of Australia even if conditions are not exactly to the swing specialist's liking. Anderson's latest foray at his favourite Trent Bridge hunting ground saw him take

Published 04 Aug, 2010 12:00am

Sri Lanka make sloppy India pay in final Test

Sri Lanka captain Kumar Sangakkara top-scored with 75 as the hosts prospered against an untidy Indian attack on the opening day of the third and final Test on Tuesday. Former skipper Mahela Jayawardene made 56 and Thilan Samaraweera remained unbeaten on 6

Published 04 Aug, 2010 12:00am

Angola jails four human rights activists

Four Angolan human rights activists were sentenced to up to six years in jail in Angola's oil-producing Cabinda province, a lawyer said on Tuesday. The human rights activists were all arrested shortly after the Cabindan separatist group FLEC killed two me

Published 04 Aug, 2010 12:00am

BP readies killer punch for world's worst oil spill

BP fine-tuned its equipment on Tuesday to deliver the first of two planned killer punches to permanently plug its ruptured Gulf of Mexico oil well that caused the world's worst accidental oil spill. The last-minute tests sought to iron out technical glitc

Published 04 Aug, 2010 12:00am

Gunman kills eight, then himself in US workplace shooting

A disgruntled employee went on a shooting rampage Tuesday at a beer distribution firm in Connecticut, killing eight co-workers before turning the gun on himself, police and media said. Officers were called to the scene at Hartford Distributors in Manchest

Published 04 Aug, 2010 12:00am

Another Obama ally in US House faces ethics woes

Representative Maxine Waters on Monday became the second veteran House Democrat in days to face charges of ethics violations, another burden for the party three months from key elections. Waters, a 10-term lawmaker from California, immediately denied wron

Published 04 Aug, 2010 12:00am

China holds air drills amid tension with US

China began a five-day live-fire air defence exercise on Tuesday with fighter jets and thousands of servicemen against a backdrop of increased military and diplomatic tension with the United States. The drills are taking place across the central province

Published 04 Aug, 2010 12:00am

Rights groups seek to challenge US order to kill Awlaki

Two civil rights groups filed a court challenge Tuesday saying the US government has illegally ordered the assassination of Yemeni-American cleric Anwar al-Awlaki. The American Civil Liberties Union and the Centre for Constitutional Rights said in their p

Published 04 Aug, 2010 12:00am

Indian clerk fulfils Australian woman's last wishes

An Australian woman had her last wishes fulfilled when a clerk in the northern Indian state of Haryana travelled hundreds of miles to scatter her ashes in the Ganges River, news reports said Tuesday. Jill Villers was born in 1945 in Lahore, a city in pre-

Published 04 Aug, 2010 12:00am

Kenya pledges transparent vote on new constitution

Kenya's electoral authority said voting in Wednesday's referendum on a new constitution would be more transparent than the country's 2007 national election, when claims the poll was rigged triggered violence. The referendum will be the first national elec

Published 04 Aug, 2010 12:00am

US Supreme Court asked to halt Guantanamo trial

A military lawyer has asked the US Supreme Court to halt next week's Guantanamo trial of a young Canadian captured in Afghanistan, pending a ruling on the legality of the war crimes court that could imprison him for life. Omar Khadr, now 23, was 15 years

Published 04 Aug, 2010 12:00am

Turkey warns Israel on Barak's spymaster comments

Turkey's Foreign Ministry summoned Israel's ambassador to complain about remarks by Defence Minister Ehud Barak suggesting the head of Turkish intelligence could leak secrets to Iran, officials said on Tuesday. "We expressed our discomfort and dissatisfac

Published 04 Aug, 2010 12:00am

France to keep Afghan mission despite defence cuts

France will not withdraw from Afghanistan despite an annual cost of half a billion euros because the Nato mission there is preventing Afghanistan's collapse, France's defence minister said on Tuesday. Speaking in a radio interview, Herve Morin said his mi

Published 04 Aug, 2010 12:00am

Newsweek sold to stereo tycoon

The Washington Post Co has agreed to sell its money-losing Newsweek magazine to California billionaire Sidney Harman, the firm said Monday. "In seeking a buyer for Newsweek, we wanted someone who feels as strongly as we do about the importance of quality

Published 04 Aug, 2010 12:00am

Eurozone PPI up moderately in June

Eurozone producer prices rose less than expected in June, with subdued consumer goods prices softening a rise in energy costs and leaving overall price pressures muted, figures showed on Tuesday. European Union statistics office Eurostat said prices at fa

Published 04 Aug, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 5	288.49

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

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

Stock	Volume
P.I.A.C.(A) / May 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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