News Archives for Print - 2011-02-20

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (February 19, 2011).

Published 20 Feb, 2011 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Saturday (February 19, 2011).

Published 20 Feb, 2011 12:00am

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 (February 19, 2011).

Published 20 Feb, 2011 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 (February 19, 2011).

Published 20 Feb, 2011 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (February 19, 2011).

Published 20 Feb, 2011 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (February 19, 2011).

Published 20 Feb, 2011 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 (February 19, 2011).

Published 20 Feb, 2011 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 (February 19, 2011).

Published 20 Feb, 2011 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (February 19, 2011).

Published 20 Feb, 2011 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 20 Feb, 2011 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 20 Feb, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (February 19, 2011).

Published 20 Feb, 2011 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 20 Feb, 2011 12:00am

South Korea seeking to buy grains in futures deals

The South Korean government is seeking to buy wheat, soybeans and corns via futures contracts this year in its first-ever move to stockpile non-rice grains to cope with soaring food prices, a newspaper reported on Saturday. "We are trying to buy 552,000 t

Published 20 Feb, 2011 12:00am

Oil cake market rates

Futures were up on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The March vaida that had closed at Rs 1236.80 opened with a gain of 80 paisa at Rs 1237.60. The May contract which closed at Rs 1317.80 commenced wit

Published 20 Feb, 2011 12:00am

Cotton market: subdued trading as prices remain firm

Subdued business was again witnessed on the cotton market on Saturday as mills were on the sidelines due to higher prices, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 11,800, they said. Phutti prices in Sindh and

Published 20 Feb, 2011 12:00am

Argentina's soya crop seen slightly up

The Argentine government is more upbeat about the country's soya output following recent rains, and sees 2010/11 soya output at above 50 million tonnes, Agriculture Deputy Secretary Oscar Solis said on Friday. Solis in early January estimated the country'

Published 20 Feb, 2011 12:00am

Canadian canola dips to biggest loss in three months

ICE Canadian canola futures see-sawed in a wide range on Friday, extending the biggest weekly loss in three months but outperforming faster-falling US soybeans. Commodity markets were under pressure after China's central bank raised lenders' required rese

Published 20 Feb, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 113,066 tonnes of cargo including 91,506 tonnes of import cargo, 21,560 tonnes of export cargo and 3,747 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 91,506 tonnes compr

Published 20 Feb, 2011 12:00am

US Midwest corn and soyabean bids steady

Corn spot basis bids were firm on the Illinois River but weak at ethanol plants in Iowa on Friday while soyabean bids held steady across the US Midwest and farmers delayed sales of both crops, dealers said. Growers retreated to the sidelines as soyabean f

Published 20 Feb, 2011 12:00am

Argentina sees wheat crop to rise to 14.7 million tonnes

Argentina's 2010/11 wheat harvest is expected to rise to 14.7 million tonnes, up from the 14 million tonnes forecast in January, the Agriculture Ministry said on Friday. Argentina's government has not yet given a formal forecast for soy or corn production

Published 20 Feb, 2011 12:00am

Ceylon rubber up on Jodia Bazar

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

Published 20 Feb, 2011 12:00am

Minor changes on grain market

Small business was seen on the wholesale grain market on Saturday as a result of balanced demand and supply position, dealers said. On the cereal side barley Sindh and Mardan was quoted higher at Rs 2700, wheat old bardan gained Rs 10 to Rs 2660 and new t

Published 20 Feb, 2011 12:00am

Apollo reveals pay, fund details in new IPO filing

Private equity firm Apollo Global Management said it held initial closings on two new funds this year and revealed fresh compensation and operational details, a new regulatory filing showed on Friday. Apollo filed its seventh amended registration statemen

Published 20 Feb, 2011 12:00am

Apollo reveals pay, fund details in new IPO filing

Private equity firm Apollo Global Management said it held initial closings on two new funds this year and revealed fresh compensation and operational details, a new regulatory filing showed on Friday. Apollo filed its seventh amended registration statemen

Published 20 Feb, 2011 12:00am

Luxembourg says euro's value acceptable

The value of the euro compared to other currencies is at an acceptable level and the single currency is a very strong instrument for Europe's political unification, Luxembourg Finance Minister Luc Frieden was quoted as saying on Saturday. "It makes life a

Published 20 Feb, 2011 12:00am

Argentina grows 9.1 percent; fastest in five years

Argentina's economy clocked growth of 9.1 percent in 2010, the fastest pace in five years, President Cristina Fernandez said on Friday. Latin America's third largest economy rebounded swiftly from a slowdown in 2009 to expand at one of the strongest rates

Published 20 Feb, 2011 12:00am

China central bank adviser calls for interest rate hikes

China needs to increase interest rates because real rates remain in negative territory, a central bank adviser said on Saturday. "It's not right to keep real interest rates in negative territory for a long time," Xia Bin, an academic member of the People'

Published 20 Feb, 2011 12:00am

Son of Takefuji founder to get $2.4 billion tax refund

Japan's supreme court has ruled that the son of the founder of failed consumer lender Takefuji Corp does not need to pay gift taxes imposed on shares he received from his parents, awarding him a $2.4 billion refund. Following the Friday's ruling, Toshiki

Published 20 Feb, 2011 12:00am

Portugal's budget deficit fell 58.6 percent

Portugal's budget deficit fell 58.6 percent in January from a year earlier as sharp budget cuts and higher taxes went into force, Prime Minister Jose Socrates said on Saturday. The deficit fell to 281.8 million euros last month from 680 million euros a ye

Published 20 Feb, 2011 12:00am

Steel group Voestalpine ups outlook

Steel group Voestalpine raised its full-year outlook as a continued recovery in almost all sectors led to a forecast-beating third quarter. The Austrian group said European demand for its high-quality steel used in cars, railways and pipelines had grown s

Published 20 Feb, 2011 12:00am

Shell to sell Africa downstream stake for $1 billion

Anglo-Dutch oil giant Shell has agreed to divest the majority of its stake in most of its downstream businesses in Africa to two firms for $1 billion, the company said on Saturday. Under the agreements with Vitol and Helios Investment, Shell would retain

Published 20 Feb, 2011 12:00am

Malaysia's economy slows to 4.8 percent in fourth quarter

Malaysia's economy slowed to 4.8 percent growth in the fourth quarter, hit by falling exports, but for the whole year it saw better-than-expected 7.2 percent expansion, the central bank said Friday. Bank Negara said the slower growth globally had led to a

Published 20 Feb, 2011 12:00am

Barclays criticised over UK corporation tax bill

Barclays bank has revealed it paid £113 million (134 million euros, $184 million) in corporation tax in Britain in 2009, some 2.45 percent of its profits that year, sparking strong criticism Saturday. Opposition lawmaker Chuka Umunna, a member of the parl

Published 20 Feb, 2011 12:00am

Morocco's consumer inflation jumps to 2.2 percent

Morocco's consumer inflation rate jumped to an annual 2.2 percent, more than twice its level in December, due mainly to higher food prices, its planning authority said. The food price index in January was 4.1 percent above its level a year earlier, the Hi

Published 20 Feb, 2011 12:00am

Abu Dhabi's inflation up 3.5 percent on higher food costs

Abu Dhabi's inflation rate rose slightly in January to post a rise of 3.5 percent from a year earlier, as food prices accelerated but housing costs were unchanged, data showed on Saturday. Inflation in the emirate, which accounts for 10 percent of the wor

Published 20 Feb, 2011 12:00am

Consortium signs $8 billion deal to build Brazil dam

Brazil's Norte Energia, the consortium that won the auction to build the Belo Monte power dam, signed a 13.8 billion reais ($8.3 billion) contract with a consortium of construction firms, the company said in a statement on Friday. The companies which will

Published 20 Feb, 2011 12:00am

China raises diesel, gasoline prices

China will raise the price of diesel and gasoline from Sunday by 350 yuan a tonne, and also increase aviation fuel prices, the government announced on Saturday, saying oil consumption was growing too quickly. The National Development and Reform Commission

Published 20 Feb, 2011 12:00am

Cash-strapped California bans state freebies

California, the most indebted US state, will no longer hand out key chains, coffee mugs, squeeze-toys and other promotional knicknacks in a bid to shrink its $25.4 billion budget gap, Governor Jerry Brown said on Friday. The state spent $7.5 million on fr

Published 20 Feb, 2011 12:00am

Middle East protests could help foster long-term growth: IMF

The wave of protests and potential transitions to democracy in Middle Eastern countries could help the region's economies grow faster over the long term, a senior official from the International Monetary Fund (IMF) said Friday. But Masood Ahmed, head of t

Published 20 Feb, 2011 12:00am

Zain rejects all three offers for Zain Saudi

Kuwait's Zain, which is trying to sell its Saudi operations worth $750 million as part of a proposed buyout to Etisalat, rejected all three offers for Zain Saudi on Saturday, a source told Reuters. A proposed $12 billion takeover of Zain by Etisalat depen

Published 20 Feb, 2011 12:00am

India state-run banks approve capital raising

Three Indian state-run banks said on Saturday they would preferentially allot shares to the government in return for capital infusion. In December, India's cabinet approved additional capital infusion of 60 billion rupees ($1.3 billion) into state-run ban

Published 20 Feb, 2011 12:00am

South Korea suspends four more savings banks

South Korean financial regulators on Saturday imposed a six-month suspension of operations on four small-sized savings banks after the recent halt to businesses at two rivals sparked bank runs. The Financial Services Commission and the Financial Superviso

Published 20 Feb, 2011 12:00am

Sarkozy blasts speculators, woos farmers at show

French President Nicolas Sarkozy took another swipe at speculation in food commodities on Saturday as he pushed his G20 agenda and sought to court the farming world a year ahead of France's next presidential vote. Opening the Paris farm show, one of the b

Published 20 Feb, 2011 12:00am

EU ready to support Portugal if required: Barroso

The European Union is ready to support Portugal, if required, after the country has made necessary reforms, European Commission President Jose Manuel Barroso said on Friday. Asked in a BBC interview if he felt Portugal, wrestling with a high budget defici

Published 20 Feb, 2011 12:00am

US closes 4 banks, 22 total so far in 2011

US banking authorities closed four banks on Friday, bringing the total number shuttered in 2011 to 22. In 2010, 157 banks failed following 140 failures in 2009. The bulk of the failures have increasingly been smaller institutions, those with less than $1

Published 20 Feb, 2011 12:00am

Obama vows to make America best business place

President Barack Obama vowed Friday to make America "the best place on Earth to do business," making his case for investments that have sparked a raging budget battle with Republicans. Obama travelled to Intel's most sophisticated semiconductor plant in O

Published 20 Feb, 2011 12:00am

Hungary to sell $5 billion debt in US

Hungary has won permission to sell debt in the US market but it should wait for details of the government's fiscal reforms, due in the next few weeks, before issuing, the debt management agency (AKK) said on Friday. AKK deputy chief executive Laszlo Andra

Published 20 Feb, 2011 12:00am

Hungary to sell $5 billion debt in US

Hungary has won permission to sell debt in the US market but it should wait for details of the government's fiscal reforms, due in the next few weeks, before issuing, the debt management agency (AKK) said on Friday. AKK deputy chief executive Laszlo Andra

Published 20 Feb, 2011 12:00am

IPO VIEW: Window for alternative energy companies may close

US investor demand for initial public offerings from alternative energy companies could cool if government subsidies for the sector decline. There are many reasons to like "cleantech" companies, which make energy products like solar cells or electric car

Published 20 Feb, 2011 12:00am

Indian bond yields up on supply fear

Indian federal bond yields ended higher on Friday, after easing in early trade, as profit taking set in amid speculation fresh supply of debt could hit the market next week. The most-traded 8.13 percent 2022 bond yield ended 1 basis point (bp) higher at 8

Published 20 Feb, 2011 12:00am

Indian bond yields up on supply fear

Indian federal bond yields ended higher on Friday, after easing in early trade, as profit taking set in amid speculation fresh supply of debt could hit the market next week. The most-traded 8.13 percent 2022 bond yield ended 1 basis point (bp) higher at 8

Published 20 Feb, 2011 12:00am

Turkish stocks flat

Turkish assets traded flat on Friday, pausing after three days of gains spurred by the central bank's decision this week not to raise bank reserve requirements or cut interest rates. With no major domestic economic data or fourth-quarter earnings due ther

Published 20 Feb, 2011 12:00am

Toronto stocks retreat

Toronto's main stock index halted a four-day winning streak to close modestly lower on Friday, pressured by monetary tightening in China and weakness in mining and financial issues. Five of the index's 10 main groups were lower. The materials group, which

Published 20 Feb, 2011 12:00am

Sri Lankan shares up

Sri Lanka's stock market rose on Friday but turnover and trading volume were light as most investors were out of the market during a holiday-shortened week. The island's main share index gained 0.85 percent or 64.70 points to 7,672.49. It hit a record clo

Published 20 Feb, 2011 12:00am

Treasuries tumble

US Treasuries eased on Friday as traders set up for a new round of government debt supply next week, although losses were limited as investors worried about tensions in the Middle East and rising inflation. Treasury yields remained in their recent trading

Published 20 Feb, 2011 12:00am

Treasuries tumble

US Treasuries eased on Friday as traders set up for a new round of government debt supply next week, although losses were limited as investors worried about tensions in the Middle East and rising inflation. Treasury yields remained in their recent trading

Published 20 Feb, 2011 12:00am

JGB futures gain

Japanese government bonds extended gains on Friday as escalating tensions in the Middle East boosted demand for safe-haven debt and as a sound liquidity enhancing auction prompted buying. March 10-year futures climbed 0.33 points to 139.02 after hitting 1

Published 20 Feb, 2011 12:00am

JGB futures gain

Japanese government bonds extended gains on Friday as escalating tensions in the Middle East boosted demand for safe-haven debt and as a sound liquidity enhancing auction prompted buying. March 10-year futures climbed 0.33 points to 139.02 after hitting 1

Published 20 Feb, 2011 12:00am

Emerging Markets: Latam stocks hit two-week highs

Latin American stocks rose on Friday as technical momentum, good volume and strong earnings supported bets that the region may be heading for further gains after a sharp downturn. The MSCI Latin American stocks index added 0.23 percent, gaining 2.5 percen

Published 20 Feb, 2011 12:00am

Portuguese bond yields recover

The ECB intervened in peripheral debt markets on Friday by buying up shorter dated Portuguese bonds, traders said, reining in five-year yields from a euro-era high as market jitters over the country persisted. Souring investor sentiment towards Portuguese

Published 20 Feb, 2011 12:00am

Portuguese bond yields recover

The ECB intervened in peripheral debt markets on Friday by buying up shorter dated Portuguese bonds, traders said, reining in five-year yields from a euro-era high as market jitters over the country persisted. Souring investor sentiment towards Portuguese

Published 20 Feb, 2011 12:00am

US Treasury Outlook: run-up in yields bodes well for auctions

The Treasury Department's sales of two-, five- and seven-year notes next week could draw strong demand at new higher yields, analysts said on Friday. The Treasury will begin the holiday-shortened week on Tuesday with an auction of $35 billion in two-year

Published 20 Feb, 2011 12:00am

US Treasury Outlook: run-up in yields bodes well for auctions

The Treasury Department's sales of two-, five- and seven-year notes next week could draw strong demand at new higher yields, analysts said on Friday. The Treasury will begin the holiday-shortened week on Tuesday with an auction of $35 billion in two-year

Published 20 Feb, 2011 12:00am

Wall Street up for third week

Late arrivals to the speediest rally in stocks since the Great Depression pushed stocks higher for a third week on Friday, despite growing signals of an overheating market. More than $8 billion flowed into US equity funds for the week ended February 16.

Published 20 Feb, 2011 12:00am

African forex outlook

Uganda's shilling may well test record lows against the dollar next week on concerns about possible post-election violence, while sustained strength in copper prices should lift Zambia's kwacha.

Published 20 Feb, 2011 12:00am

Canadian dollar slumps

Canada's currency fell against the US dollar on Friday after data showed that the country's annual inflation rate eased last month, making it less likely the Bank of Canada will hike rates in the near term. Canada's dollar initially firmed after the figur

Published 20 Feb, 2011 12:00am

Speculators trim bets versus dollar, turn against yen

The value of bets against the dollar fell in the latest week as currency speculators went short the yen for the first time since June, Commodity Futures Trading Commission data showed on Friday. The value of the dollar's net short position slipped to $23.

Published 20 Feb, 2011 12:00am

Forex outlook: euro gains likely next week, but rise seen capped

The euro is likely to add modest gains against the dollar in the upcoming week, bolstered by increased expectations of a European Central Bank rate hike and a fairly positive technical outlook in the short term. The euro's rise, however, may be limited by

Published 20 Feb, 2011 12:00am

Euro advances in New York

The euro advanced on Friday, bolstered by increased expectations that the European Central Bank will raise interest rates, with further gains likely in the upcoming week given a positive technical outlook. On the charts, the euro's prospects have turned b

Published 20 Feb, 2011 12:00am

Wozniacki overcomes sticky start to reach final

Caroline Wozniacki celebrated regaining the world number one ranking from Kim Clijsters on Friday by reaching the final of the $2,000,000 Dubai tournament for the first time with an impressively adaptable performance on Saturday. The top-seeded Dane won 7

Published 20 Feb, 2011 12:00am

'Entire nation standing behind Pakistan team'

Provincial Minister for Finance, Planning and Development, Tanvir Ashraf Kaira has said that the entire nation is praying for the victory of national team in 10th cricket world cup and hoped that players would show best performance during the event.

Published 20 Feb, 2011 12:00am

Spin in demand at World Cup on sub-continental dust bowl

Teams at the World Cup appear to have reached a broad consensus that the best way to dismantle a rival batting order is to tie them in tangles, rather than subjecting them to a battery of bouncers. Martin Crowe, captaining New Zealand in the 1992 World Cu

Published 20 Feb, 2011 12:00am

Afridi wants seniors to take responsibility

Pakistan captain Shahid Afridi has urged his side's experienced players to shoulder the burden of responsibility at the World Cup after a disappointing defeat in their final warm-up match. The dashing batsman and leg-spinner missed Friday's 67-run defeat

Published 20 Feb, 2011 12:00am

Wankhede becomes no-go area after failing safety checks

Mumbai's Wankhede Stadium went into complete lockdown on Saturday just 24 hours after it was criticised by the city's top fire chief for not meeting safety standards. All unauthorised personnel were being shooed away by harassed security guards, who were

Published 20 Feb, 2011 12:00am

Kenya upbeat ahead of Kiwi clash

Kenya will go into their opening World Cup game against New Zealand drawing confidence from stellar past performances at cricket's showpiece event, captain Jimmy Kamande said Saturday. The rank outsiders pulled off an upset win against the West Indies in

Published 20 Feb, 2011 12:00am

Roddick, Del Potro book semis duel

US top seed Andy Roddick, seeking his third Memphis crown and 30th ATP title, outlasted Australian Lleyton Hewitt 4-6, 6-3, 6-4 Friday to reach the semi-finals of an ATP and WTA indoor event. Eighth-ranked Roddick fired 21 aces to win the clash of former

Published 20 Feb, 2011 12:00am

Canada shrug off history of humiliation

Canada captain Ashish Bagai insists that the record-breaking World Cup rout suffered at the hands of Sri Lanka in 2003 will have no bearing when the teams meet on Sunday. Bagai played in the Canada side which was bowled out for a paltry 36 - still the low

Published 20 Feb, 2011 12:00am

Khurram to supervise Pakistan, Palestine Lahore match

Newly-listed FIFA Referee Khurram Shahzad will supervise the Lahore soccer match of four-match series between Pakistan and Palestine at Lahore's Punjab Stadium on 1st March 2011. Kohat, a city of the Khyber-Pakhtunkhwa, 354 KM from Lahore, produced 30-yea

Published 20 Feb, 2011 12:00am

India win opener

Virender Sehwag pulverised the Bangladesh attack on Saturday to get India's World Cup bid off to a flying start with a thumping win in the first match of the six-week cricket marathon. Bangladesh made a spirited chase of mammoth 370-4 before ending at 283

Published 20 Feb, 2011 12:00am

India win opener

Virender Sehwag pulverised the Bangladesh attack on Saturday to get India's World Cup bid off to a flying start with a thumping win in the first match of the six-week cricket marathon. Bangladesh made a spirited chase of mammoth 370-4 before ending at 283

Published 20 Feb, 2011 12:00am

US charges global warming company was a fraud

CO2 Tech Ltd, a publicly traded company that lured investors with claims about products and services to fight global warming, was full of nothing but hot air, the US Securities and Exchange Commission said on Friday.

Published 20 Feb, 2011 12:00am

Iraqis protest in Kurdish region, Baghdad

Hundreds of people rallied for political reforms in Iraq's semi-autonomous Kurdistan region on Saturday while demonstrators in Baghdad protested demanding better rights for widows and orphans. Protests have become routine as Iraqis inspired by demonstrati

Published 20 Feb, 2011 12:00am

Arab League sees grave situation, wants summit

The Arab League said on Saturday it was important that a March summit goes ahead in Baghdad due to what it described as "the grave, fateful developments" in the Arab world. Libya, which holds the rotating presidency of the Arab leaders' summit, said this

Published 20 Feb, 2011 12:00am

Iran warns crackdown against new opposition rallies

Iran on Saturday warned of a crackdown if opposition supporters stage new rallies which they have called to mourn the deaths of two victims of recent unrest and to show support to their leaders. Websites of opposition leaders Mir Hossein Mousavi and Mehdi

Published 20 Feb, 2011 12:00am

Anti-government protests hit Djibouti

Anti-government protestors clashed with security forces in Djibouti on Saturday as the political uprising sweeping through the Middle East reached the tiny Horn of Africa state. Interior Minister Yacin Elmi Bouh said at least one policeman had been killed

Published 20 Feb, 2011 12:00am

Oman protesters call for political reform, pay rise

About 300 people demanded political reforms and better pay in a peaceful protest in Oman on Friday as unrest in other Middle East countries and North Africa turned increasingly violent. Men and women gathered in Ruwi, a commercial district in the capital,

Published 20 Feb, 2011 12:00am

Libya soldiers in Benghazi

Soldiers were deployed on the streets of Libya's second city of Benghazi on Friday, a witness said, after thousands of people took to the streets overnight to protest about security forces killing more than 20 protesters.

Published 20 Feb, 2011 12:00am

Tunisia signs amnesty for political prisoners

Tunisia's interim president Fouad Mebazza signed a general amnesty for political prisoners on Saturday in a move to smooth the way to elections this year, state media said. The amnesty was promised less than a week after a wave of protests forced former l

Published 20 Feb, 2011 12:00am

Political uprising in Middle East: Yemeni protesters use guns for first time

Supporters and opponents of Yemen's President Ali Abdullah Saleh fired shots in the air during rival demonstrations in Sanaa on Saturday, a day after five people were killed in protests against his 32-year rule.

Published 20 Feb, 2011 12:00am

Watchdog clears US Air Force in tanker data mix-up

The Pentagon's internal watchdog agency said it sees no need to further investigate a data mix-up in the $35 billion US aerial tanker competition between Boeing Co and Europe's EADS. The decision could pave the way for a tanker contract award by the US Ai

Published 20 Feb, 2011 12:00am

Rising food prices nearing danger point: World Bank

World Bank president Robert Zoellick warned leaders of the top global economies Saturday that the world is reaching a danger point where soaring food prices threaten further political instability. "I mentioned that we are reaching a danger point," Zoellic

Published 20 Feb, 2011 12:00am

Thousands of Thai 'Red Shirts' rally in Bangkok

Thousands of Thai "Red Shirts" gathered in Bangkok on Saturday to mark nine months since a bloody crackdown on their anti-government rally and to press for the release of detained leaders. Police estimated around 30,000 protesters massed in the city at th

Published 20 Feb, 2011 12:00am

US vetoes UN draft condemning Israeli settlements

The United States on Friday vetoed a draft UN Security Council resolution condemning Israeli settlements on Palestinian land after the Palestinians refused a compromise offer from Washington. The US move was welcomed by American pro-Israel groups, some of

Published 20 Feb, 2011 12:00am

Two trains hit packed buses in Dhaka; 13 dead

Police and news reports say two trains have plowed into packed buses in separate accidents at unmanned railroad crossings in Bangladesh, killing at least 13 people. The United News of Bangladesh news agency says eight people died and 25 were injured Satur

Published 20 Feb, 2011 12:00am

Thousands protest Turkish arrests of army officers

Thousands of Turks, including the wives of defendants charged with trying to topple the government, marched to the tomb of the founder of modern Turkey on Saturday to protest at the arrests of army officers.

Published 20 Feb, 2011 12:00am

Thousands in US protest curbs on union rights

Tens of thousands of protesters filled the Wisconsin state capital for a fourth day Friday in a showdown over labour union rights that has drawn national attention and posed a challenge to Republicans who have swept into power intent on slashing spending

Published 20 Feb, 2011 12:00am

Government urged to increase National Assembly seats for minorities

The National Assembly Standing Committee on Saturday called upon the government to increase the seats for minorities in the Lower House of the Parliament. Through a resolution passed by the committee, which met here in the Parliament House with Dr Mahesh

Published 20 Feb, 2011 12:00am

HHRD running free clinic for destitute patients

Keeping in view the hardships of poverty-stricken and inflation-ridden people, a social organisation namely Helping Hand for Relief and Development (HHRD) has started free clinic in the federal capital to provide medical services to patients.

Published 20 Feb, 2011 12:00am

Cotton ends limit down, after setting record high

US cotton futures soared in the overnight session to an all-time high at $2.1102 cents in the March contract, then slid by the 7 cent downside limit in Friday's mid-morning where prices stayed up to the close. A short while later, ICE Futures US suspended

Published 20 Feb, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 16	258.16

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

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

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

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