News Archives for Print - 2011-06-12

Print - 2011-06-12

Grams prices higher sharply on grain market

Grams prices were sharply higher on the wholesale grain market on Saturday as buyers were trying to cover needs ahead of Ramazan, dealers said.

Published 12 Jun, 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 (June 11, 2011).

Published 12 Jun, 2011 12:00am

Oil cake market rates

July vaida was higher and December contract was unchanged on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The July contract that had closed at 1420.50 opened with a gain of Rs 3.20 paisa at Rs 1423.70. The Decembe

Published 12 Jun, 2011 12:00am

FBR may land in French court

False promises may land Federal Board of Revenue FBR) in French court to face Kuwait-based software supplier, Agility, owner of Pakistan Automated Customs Computerised System (PaCCS), for settlement of dues, including six years of service to Pakistan Cust

Published 12 Jun, 2011 12:00am

Mills adopt wait-and-see mood after covering short-term cotton needs

The mills and spinners adopted wait-and-see attitude on the cotton market on Saturday to observe the latest developments as they have covered short-term requirements, dealers said. The Karachi Cotton Association (KCA) official spot rate was kept at the ov

Published 12 Jun, 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 (June 11, 2011).

Published 12 Jun, 2011 12:00am

India's May vegetable oil imports seen up

India's vegetable oil imports may have risen by 37 percent in May, the second straight monthly rise, as local supply dropped on depleting oilseeds stocks ahead of the summer planting season, a trend that is likely to continue next month, a Reuters survey

Published 12 Jun, 2011 12:00am

FBR may land in French court

Published 12 Jun, 2011 12:00am

World 2011 grain output seen up, prices high: FAO

World cereals output is expected to rise to a record in 2011 on increased planting after last year's market spike, but worries about stocks will keep prices high and volatile through 2012, the UN's food agency said. Rising food prices fuelled protests ear

Published 12 Jun, 2011 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (June 11, 2011).

Published 12 Jun, 2011 12:00am

Indonesian rice output to climb five percent in 2012

Indonesia is targeting a 5 percent increase in unmilled rice paddy output next year, which combined with a stock surplus in 2011, could cancel the need for imports in 2012, the agriculture minister said on Thursday. Late last month, the agriculture minist

Published 12 Jun, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 140,307 tonnes of cargo including 116,333 tonnes of import cargo, 23,974 tonnes of export cargo and 3,618 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 116,333 tonnes com

Published 12 Jun, 2011 12:00am

US Midwest corn bids mostly steady

Corn spot basis bids held mostly steady around the US Midwest on Thursday after futures hit a record high and farmers sold small portions of their old-crop supplies, grain merchants said. CBOT corn futures surged to a record of $7.93 per bushel, before pa

Published 12 Jun, 2011 12:00am

Ukraine's leader signs law on grain export duties

Ukraine's shipments of wheat, barley and maize will be the subject of export duties in July-December 2011, according to the law signed by President Viktor Yanukovich, his press service said on Friday. In May, Ukraine's parliament replaced grain export quo

Published 12 Jun, 2011 12:00am

China's iron ore imports up 0.8 percent in May

China's iron ore imports rose 0.8 percent to 53.3 million tonnes in May from the previous month, official data from China's customs authority showed on Friday. Chinese steel mills, which usually consume two-thirds of seaborne iron ore, have raced to expan

Published 12 Jun, 2011 12:00am

Saudi Arabia seeks greater role in IMF on Lagarde visit

Saudi Arabia will seek a greater role in the International Monetary Fund (IMF), its finance minister said on Saturday after meeting with France's Christine Lagarde on her campaign to head the Washington-based lender. French Finance Minister Lagarde is the

Published 12 Jun, 2011 12:00am

SEC may pursue fraud case against Goldman's Tourre

The top US securities regulator can pursue its high-profile civil fraud lawsuit against a Goldman Sachs Group Inc vice president over a product linked to subprime mortgages, a federal judge ruled. US District Judge Barbara Jones rejected the request by th

Published 12 Jun, 2011 12:00am

Ohio court awards $2 billion damages to Ford truck dealers

An Ohio state court awarded $2 billion in damages to commercial truck dealers who sued Ford Motor Co, saying that a program that offered unpublished discounts effectively overcharged some dealers. The Court of Common Pleas for Cuyahoga County, Ohio, issue

Published 12 Jun, 2011 12:00am

India to extend tax break for exporters

The Indian government has agreed to extend a tax break for exporters beyond a June 30 deadline, the Times of India newspaper reported on Saturday, quoting trade minister Anand Sharma. Earlier, the finance minister favoured phasing out the Duty Entitlement

Published 12 Jun, 2011 12:00am

French lawmakers okay wealth-tax cut, holiday-home tax

France's super-rich will pay less tax but foreigners with holiday homes will pay more under a bill French lawmakers approved on Saturday. The National Assembly held a marathon debate before putting the last few clauses of the politically charged bill to a

Published 12 Jun, 2011 12:00am

Obama to weigh new steps to boost jobs

President Barack Obama, seeking to ease voters' concerns about his handling of the US economy, said on Saturday a meeting with his jobs council next week would focus on possible further steps to boost hiring in the short term. Obama on Monday will visit a

Published 12 Jun, 2011 12:00am

Taiwan orders recall of Glaxo children's drug

Taiwan has ordered pharmaceutical giant GlaxoSmithKline to recall an antibiotic used to treat infections in children for containing a chemical additive, a report said Saturday. The Department of Health was prompted to order the recall of Augmentin antibio

Published 12 Jun, 2011 12:00am

Hyundai Motor resumes output

South Korea's Hyundai Motor resumed output Saturday morning at a plant producing its best-selling Grandeur and Sonata sedans after the carmaker reached an agreement with its labour union, a union official said. Hyundai workers stopped production at the co

Published 12 Jun, 2011 12:00am

Saudi inflation at 16-month low, food costs drop

Saudi inflation slowed to a 16-month low of 4.6 percent on an annual basis in May, mainly due to a monthly drop in food costs, though analysts warned prices were likely to rise ahead of the holy month of Ramazan. Price growth was unchanged at 0.4 percent

Published 12 Jun, 2011 12:00am

Helping euro states vital for Germany, says Merkel

Helping indebted European countries get back on their feet is vital to Germany's economic health, Chancellor Angela Merkel said on Saturday in a message aimed at the general public. The comments come a day after Germany's parliament approved a non-binding

Published 12 Jun, 2011 12:00am

Protest heats up at POSCO's $12 billion India project

Thousands of villagers protested at the site of a $12 billion steel plant by South Korea's POSCO on Saturday, as women and children were used as human shields in the latest outbreak of local anger that has long-delayed India's biggest foreign investment p

Published 12 Jun, 2011 12:00am

Italy sets limits on possible tax reform

Italy cannot fund lower taxes by weighing on its budget and must rely on fighting tax evasion, the Economy Minister said on Saturday, resisting growing pressure to ease the tax burden. Plans outlined by Economy Minister Giulio Tremonti on Saturday partly

Published 12 Jun, 2011 12:00am

Saudi crude increase will not change market: Iran

An increase in crude output by Saudi Arabia will not change market conditions as demand is for lighter oil than it provides, Iran's Opec governor was on Saturday quoted as saying, reiterating Tehran's stance that there is no need to boost production.

Published 12 Jun, 2011 12:00am

Banks warm to role in Greek bailout

Germany's bank association on Saturday backed government proposals to get private creditors involved in the cost of a second bailout for Greece, although it was not clear if the banks favoured a controversial bond swap. Berlin is pushing hard for commerci

Published 12 Jun, 2011 12:00am

Turkish stocks flat, lira weakens

Turkish bonds firmed, while stocks were flat and the lira weakened on Friday with investors cautious on the last trading day before a June 12 election that is expected to bring a third consecutive win for the AK Party. The lira weakened to 1.5770 against

Published 12 Jun, 2011 12:00am

Investors drop China broadly; shun big names, IPOs

For US investors wanting direct exposure to Chinese stocks, there appear to be fewer and fewer safe places to enter. Huge numbers of Chinese shares traded in the United States have sold off recently following a rash of accounting scandals. The scandals ha

Published 12 Jun, 2011 12:00am

RIM investor seeks change

An investor in Research In Motion wants a shareholder vote on whether the company's two leaders can retain shared roles as chairmen of the board and chief executives, in the latest headwind to hit the BlackBerry maker ahead of next week's results.

Published 12 Jun, 2011 12:00am

TSX tumbles on fears of global slowdown

Toronto's main stock index closed sharply lower on Friday after hitting its lowest level in more than six months, as risk aversion swept over markets due to concerns about a global economic slowdown and Europe's struggle with Greece's debt crisis.

Published 12 Jun, 2011 12:00am

LCH likely to stand alone: NYSE CEO

The head of NYSE Euronext, which made a bid for LCH.Clearnet, said on Friday he thinks the European clearinghouse is likely to remain independent. Chief Executive Officer Duncan Niederauer added in an interview that the bid, made jointly with bank-owned d

Published 12 Jun, 2011 12:00am

Latam stocks fall to 2-1/2 week low

Latin American stocks fell to a 2-1/2 week low on Friday as worries about Europe's debt crisis and slowing Chinese exports deepened concerns that the global economic recovery could stall. The MSCI Latin American index fell 1.34 percent. The index shed 3 p

Published 12 Jun, 2011 12:00am

US bond market rallies

US Treasuries rose on Friday as falling stocks and European debt fears spurred a safe-haven rally that is likely to bleed over into next week. The benchmark 10-year yield moved below 3 percent again on Friday as stocks closed out a six-week slide. Next we

Published 12 Jun, 2011 12:00am

US bond market rallies

Published 12 Jun, 2011 12:00am

Indian bond yields, swaps ease

Indian federal bond yields and swap rates eased on Friday after April industrial output clocked slower-than-expected growth, leading to some anticipation in the market that the central bank may not continue with its aggressive monetary policy tightening.

Published 12 Jun, 2011 12:00am

Indian bond yields, swaps ease

Published 12 Jun, 2011 12:00am

Samsonite Hong Kong IPO bags $1.25 billion

Samsonite International SA, the world's biggest luggage maker, raised $1.25 billion after pricing its Hong Kong IPO at the bottom of a revised price range as weak global markets sapped investor demand. Companies including US lender Ally Financial, Austral

Published 12 Jun, 2011 12:00am

Dow, S&P end sixth losing week

The Dow and S&P 500 closed out their sixth week of losses on Friday as further signs of a global economic slowdown set the stage for more losses ahead. The deepening gloom raised the prospect for the S&P, which suffered its worst week since August 2010, t

Published 12 Jun, 2011 12:00am

Euribor rates up after ECB flags July hike

Key euro-priced bank-to-bank lending rates hit new two-year highs on Friday, after the European Central Bank signalled that it will raise rates next month. The ECB policymakers kept rates on hold at 1.25 percent on Thursday, and decided it would continue

Published 12 Jun, 2011 12:00am

Rouble bruised by profit-taking

Strong oil prices could not prevent the rouble erasing gains on Friday as players sought to lock in profits on long positions ahead of an extended weekend. The rouble eased 0.28 percent to 27.84 against the dollar, finishing the trading day on the MICEX e

Published 12 Jun, 2011 12:00am

Speculators increase bets against dollar

Currency speculators boosted bets against the US dollar for a second straight week in the latest period, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position rose to $22.98 billio

Published 12 Jun, 2011 12:00am

African currencies outlook

Kenya's shilling may well hit a record low next week due to increased dollar demand from maize importers. Uganda's and Tanzania's currencies are also likely to come under pressure.

Published 12 Jun, 2011 12:00am

Canadian dollar undercut by soft commodities, risk sentiment

The Canadian dollar softened against a firmer greenback on Friday, paring earlier gains spurred by healthy domestic jobs data, as commodity prices unraveled and concerns about the global economy weighed. US crude fell 2.64 percent to settle below $100 a b

Published 12 Jun, 2011 12:00am

Euro weakness seen likely next week as Greece weighs

The euro fell for a third straight day on Friday, with more losses viewed as likely in the upcoming week, weighed down by wranglings about how to handle Greece's debt crisis and diminished expectations about euro zone rate hikes. The uncertainty should co

Published 12 Jun, 2011 12:00am

Vettel sets pace in Canada final practice

Formula One leader Sebastian Vettel bounced back from Friday's crash to clock the fastest time in the final practice session for the Canadian Grand Prix on Saturday. The world champion, winner of five of the season's first six races, got his weekend off t

Published 12 Jun, 2011 12:00am

Motorcycling: Stoner on pole for British Grand Prix

Australian Casey Stoner put his Honda on pole position for the British Grand Prix on Saturday while Cal Crutchlow's hopes of home glory disappeared with a broken collarbone. Stoner, the 2007 world champion who will be starting his 150th grand prix in all

Published 12 Jun, 2011 12:00am

Petzschner, Kohlschreiber in all-German Halle final

Crowd-favourite Philipp Petzschner set up an all-German final at the Halle ATP tournament after a hard-fought semi-final win over second-seed Tomas Berdych on Saturday Having beaten eighth-seed Milos Raonic in the quarter-final, Petzschner knocked-out 200

Published 12 Jun, 2011 12:00am

China ends 60-year ban, saddles up for horse racing

China has lifted a 60-year ban on horse racing, allowing weekly races to be conducted in the central city of Wuhan, state media reported on Saturday. But no wagering will be permitted. Communist authorities banned racing after taking power in the 1949 rev

Published 12 Jun, 2011 12:00am

Ivanovic, Peng out of Birmingham

Serbian second seed Ana Ivanovic and Chinese third seed Peng Shuai were both knocked out of the WTA Birmingham grasscourt tournament on Saturday in the semi-finals. Former world number one Ivanovic lost a hard-fought battle with Slovak fourth seed Daniela

Published 12 Jun, 2011 12:00am

I'll be back to my best at Wimbledon, vows Nadal

Rafael Nadal insists he will be back to peak form and fitness in time for the defence of his Wimbledon title after the exhausted world number one crashed out of Queen's against Jo-Wilfried Tsonga. Nadal looked a spent force in the final set of his 6-7 (3/

Published 12 Jun, 2011 12:00am

Naseem, Sara share Benazir Bhutto Award

The first Benazir Bhutto Shaheed Sportswoman of the Year Award 2010 was shared by two players, Naseem Hameed and Sara Nasir on Saturday here at Pakistan Sports Complex. Naseem and Sara received the award for winning gold in the 11th South Asian Games 2010

Published 12 Jun, 2011 12:00am

Williams sisters to re-emerge at Eastbourne

Venus and Serena Williams return to tennis just in time for Wimbledon as both play unseeded at next week's Eastbourne grass-court tune-up event. Serena, ranked 25th, has not stepped onto a court in almost a year since winning her 13th Grand Slam trophy at

Published 12 Jun, 2011 12:00am

FIFA investigating Nigeria win over Argentina

Argentina's 4-1 friendly defeat to Nigeria is being investigated for possible match-fixing, by far the highest-profile game to come under the microscope so far, soccer's governing body FIFA said on Saturday. "FIFA can confirm that this match between Niger

Published 12 Jun, 2011 12:00am

West Indies' oldest cricketer Esmond Kentish dies

The former West Indies Test cricketer Esmond Kentish, who played two matches against England in the 1948 and 1954, has died at the age of 94, according to a statement by the West Indies Cricket Board. Kentish was the oldest living West Indian cricketer at

Published 12 Jun, 2011 12:00am

Murray routs Roddick, faces Tsonga in Queen's final

Britain's Andy Murray will face Jo-Wilfried Tsonga in the final at Queen's after an imperious 6-3, 6-1 victory over four-time champion Andy Roddick in the semi-finals on Saturday. Murray, seeded second, demolished one of the top grass-court players of the

Published 12 Jun, 2011 12:00am

Prime Minister meets officials on petrol shortage

The PM is reported to have met Secretary Petroleum and a director of Parco (BR report; June 10, 2011). It is not clear as to why only one director of Parco was invited at PM House with the Secretary of that Ministry? Why weren't other refinery officials i

Published 12 Jun, 2011 12:00am

Corruption story - fictitious characters and realistic events

I am an Electrical Engineer by profession and work in a multinational oil and gas company. I want to tell you a short story in connection with the recent budget. Some years back, Koffi Annan, the then President of UNO, was on an official visit of Pakistan

Published 12 Jun, 2011 12:00am

Beyond iCloud: The best cloud services today

Apple turned heads this week with the announcement of its new iCloud service, which is slated to provide online storage and allow you to sync your files and data across many of Apple's popular gadgets and computers. But iCloud isn't a reality yet. Other c

Published 12 Jun, 2011 12:00am

Power sector woes - III: Way forward

The first part of the trilogy on power sector woes outlined perceptions of various stakeholders, while the second listed actual issues and obstacles to its sustainability. These articles concluded that the sector was not sustainable and would have to be r

Published 12 Jun, 2011 12:00am

A belated investigation

According to a BR report, a judicial commission set up by the government to investigate 'sugar price scam 2009' has now started its proceedings. It is unlikely to resolve anything at this late date. The PML-N had demanded the formation of the commission b

Published 12 Jun, 2011 12:00am

Prevention is better than cure

With the release of the Flood Inquiry Commission's detailed report, submitted to the Supreme Court, it has become evident the malaise of corruption, negligence and failure to perform tasks responsibly led to the breach of the Tori Dyke during the last yea

Published 12 Jun, 2011 12:00am

Clinton warns against 'new colonialism' in Africa

Africa must beware of "new colonialism" as China expands ties there and focus instead on partners able to help build productive capacity on the continent, US Secretary of State Hillary Clinton said. Clinton, asked in a television interview in Zambia on Sa

Published 12 Jun, 2011 12:00am

Buffett charity lunch sells for $2.63 million

A steak lunch at Smith & Wollensky in Manhattan starts at $36.50. The same lunch, eaten in the company of legendary investor Warren Buffett, costs approximately $2.63 million. That was the final result of the annual online charity auction for lunch with t

Published 12 Jun, 2011 12:00am

31 killed in south Yemen

Twenty one al Qaeda members and nine Yemeni soldiers were killed in fighting on Saturday in a province where the main city was seized by militants during the chaos of the country's bloody political crisis. Thousands of people have already fled the clashes

Published 12 Jun, 2011 12:00am

US congressman told to leave Iraq over 'repay' remark

Iraqi authorities asked for a US congressman to leave the country after he called for Baghdad to repay part of the money spent by Washington since the 2003 invasion, a spokesman said on Saturday. Republican representative Dana Rohrabacher's remarks at a n

Published 12 Jun, 2011 12:00am

Parliament head to lead reform talks

Bahrain appointed its parliament speaker to lead a national dialogue after a crackdown on democracy protests, the state news agency said, but the opposition said the crown prince should lead the reform process. Khalifa al-Dhahrani, speaker of the Council

Published 12 Jun, 2011 12:00am

Bahrain Shias hold first mass rally since crackdown

Thousands of Shia Bahrainis rallied Saturday answering a call from their largest opposition group, Al-Wefaq, in the first demonstration since a mid-march crackdown on Shia-led pro-democracy protests. The rally, staged under the banner "Bahrain, homeland f

Published 12 Jun, 2011 12:00am

Eight dead in Colombia copter crash

Eight policemen were killed Saturday in north-eastern Colombia when their helicopter crashed because of an apparent mechanical problem, according to the Colombian military. "Right now, we have seven people who unfortunately died at the crash site, and one

Published 12 Jun, 2011 12:00am

US sends counter intelligence agents to Afghanistan

The US military is sending 80 counterintelligence agents to Afghanistan to help stem the threat of Taliban infiltration in the Afghan security forces, The New York Times reported late Friday. They will enhance the vetting of recruits, review profiles of s

Published 12 Jun, 2011 12:00am

Top al Qaeda African operative killed in Mogadishu

Somali police said on Saturday that Fazul Abdullah Mohammed, one of Africa's most wanted al Qaeda operatives, was killed in the capital of the Horn of Africa country on Tuesday. Mohammed was reputed to be the head of al Qaeda in east Africa, operated in S

Published 12 Jun, 2011 12:00am

Total lunar eclipse next week, not visible in US

The year's first total eclipse of the moon will occur next week, and it will be an unusually long one. But the eclipse Wednesday won't be visible from the United States and Canada. If you're in eastern Africa, central Asia, the Middle East or western Aust

Published 12 Jun, 2011 12:00am

Myanmar eases strict censorship for some publications

Myanmar media reacted with caution on Saturday after the country announced a slight easing of repressive censorship rules for some publications, but kept its tight grip on news titles. Sports journals, entertainment magazines, fairytales and the winning l

Published 12 Jun, 2011 12:00am

Britain's royals celebrate Queen's birthday

Prince William and his wife Catherine took part in the pomp and pageantry on Saturday as Queen Elizabeth II celebrated her official birthday. William, her grandson, wore his wedding uniform - this time complete with a bearskin hat for the traditional Troo

Published 12 Jun, 2011 12:00am

33 killed in Iraq attacks

At least 33 people were killed in separate attacks across Iraq in less than 24 hours, security sources said Saturday. Two consecutive bomb blasts in the northern city of Mosul left 18 dead, including 12 members of the police and army. The first explosion

Published 12 Jun, 2011 12:00am

Japan anti-nuclear protesters rally three months after quake

Thousands of anti-nuclear protesters marched in Japan on Saturday, the three-month anniversary of an earthquake and tsunami that triggered the worst nuclear disaster in 25 years, pressing the government to cut the country's reliance on atomic power.

Published 12 Jun, 2011 12:00am

Zambia copper output down

Copper output in Zambia, Africa's leading producer of the metal, fell nearly 10 percent in the first four months of 2011 after some mines scaled down production due to heavy rains. Copper production between January and April fell to 242,284 tonnes from 26

Published 12 Jun, 2011 12:00am

Copper hits two-week low

Copper fell on Friday to its lowest level since late May after another month of disappointing import statistics from China weighed on sentiment, and left the market to pin its hopes on a June revival. The negative close dragged prices down for a second st

Published 12 Jun, 2011 12:00am

US gold posts biggest loss in a month

Gold fell almost 1 percent on Friday for its biggest one-day decline in a month, as a dollar rally coupled with losses in crude oil and commodities prompted investors to sell ahead of the weekend. Bullion also came under liquidation pressure as Wall Stree

Published 12 Jun, 2011 12:00am

China soya imports higher

China, the world's largest soy buyer, imported 4.56 million tonnes of soybeans in May, up 17.5 percent from 3.88 million tonnes in April, figures from the General Administration of Customs of China showed on Friday. Despite negative crushing margins, Chin

Published 12 Jun, 2011 12:00am

Asian rubber: tyre makers buy, China's absence weighs

Major tyre makers are in the market to buy rubber for nearby delivery, but China's persistent absence weighs on the physical market in Asia, dealers said on Thursday. Purchases from top consumer China have declined since at least March as it turns to dome

Published 12 Jun, 2011 12:00am

Asian rice: fresh demand lifts prices, effect may not last long

Fresh demand from the Middle East, Africa and Bangladesh has lifted Asian rice prices this week but the increase may not stick because supply is rising in the world's top two exporters, Thailand and Vietnam, traders said on Wednesday. The benchmark 100 pe

Published 12 Jun, 2011 12:00am

India's cane area seen rising

India's sugar cane acreage is likely to rise in 2011/12 as farmers are still finding the crop remunerative over competing crops, raising hopes the world's biggest sugar consumer will have a surplus for the second straight year beginning October.

Published 12 Jun, 2011 12:00am

Manila eyes early shipment of sugar quota to US

The Philippines' Sugar Regulatory Administration (SRA) is considering shipping sugar early to the United States to fill its 2011/12 quota, as government data showed the country on track to produce its biggest crop in at least three years.

Published 12 Jun, 2011 12:00am

Maryland pension doubling commodity share

Maryland's pension fund plans to hike its commodities exposure to roughly $1.5 billion over the next year, doubling an inflation hedge that will make it one of the nation's bigger investors in the sector. The allocation shows that the decade-long trend to

Published 12 Jun, 2011 12:00am

Precious metals to stay bullish

The gold, silver, platinum and palladium markets will retain their upside potential in 2011 with negative real interest rates remaining the principal driver, analysts at metals consultancy GFMS said on Tuesday.

Published 12 Jun, 2011 12:00am

Oil spikes on Opec deadlock; corn hits record peak

World oil prices surged this week after Saudi Arabia failed to clinch agreement over an Opec output boost, while corn hit a record peak as the US Department of Agriculture cut its inventories forecast. "The main story that dominated the markets this week

Published 12 Jun, 2011 12:00am

Investors' Forum seeks 20,000 skilled labours to NAVTEC

Pakistan Investors Forum in Saudi Arabia demanded 20,000 Skilled Labours to NAVTEC. A five member delegation of Pakistan Investors Forum in Saudi Arabia led by Minister of Trade of Organisation of Islamic Conference (OIC) Hajab Gul called on the Chairman

Published 12 Jun, 2011 12:00am

Opposition remains calm during budget speech in Khyber Pakhtunkhwa Assembly

The behaviour of opposition members during budget speech in KP assembly was very astonishing, while comparing with the parliamentary norm of shouting by opposing MPs to cause pandemonium in the house.

Published 12 Jun, 2011 12:00am

Five including ANP activist, woman killed

At least five persons including an activist of Awami National Party and a woman were killed in separate incidents in various parts of the metropolis here on Saturday. According to details, an activist of ANP was shot dead in the precincts of Shah Latif po

Published 12 Jun, 2011 12:00am

US citizen held from Sukkur

Police have arrested a US citizen from Sukkur who was living illegally in Pakistan, Aaj News reported on Saturday. According to the channel, US citizen, Shed David was arrested under Foreign Act from Akhuwat Nagar Society of Sukkur.

Published 12 Jun, 2011 12:00am

Quetta, adjoining areas receive thunder rain, hails

Quetta valley and adjoining areas received thunder rain coupled with hails and strong winds on Saturday afternoon. Strong winds from South Eastern direction blew at 16-24 knots. Rains made the weather very pleasant and marry making people rushed to roads

Published 12 Jun, 2011 12:00am

Kharotabad firing incident: two victims' heirs arrive in Quetta

Heirs of two out of five victims of Kharotabad firing incident arrived here on Saturday, a Bolan Medical Complex official said. The family members of two victims accompanied by a Tajik diplomat visited the Bolan Medical Complex and sought access from the

Published 12 Jun, 2011 12:00am

Current challenges: Altaf asks government to call round-table conference

Muttahida Qaumi Movement Quaid Altaf Hussain on Saturday said a round-table conference of all national parties leaders be called to discuss the challenges confronted by the country. Altaf was addressing via telephone from London to the programme organised

Published 12 Jun, 2011 12:00am

Extra-judicial killings: Lyari people, PPP activists' protest continues

A large numbers people of Lyari and activists of Pakistan People's Party (PPP) on the third consecutive day staged sit-in against the killings of two citizens on May 14 in front of Ranger's Headquarters on Saturday.

Published 12 Jun, 2011 12:00am

Domestic violence against children on the rise

The ratio of domestic violence on children and suicide cases has grown in Khyber Pakhtunkwa in the last year though multiple attempts, like venom, arms, acid, suicide, burning and suicide bombing, revealed in a report launched by Society for Protection of

Published 12 Jun, 2011 12:00am

'Punjab budget to help in achieving self-reliance, checking poverty'

The Pakistan Industrial and Traders Associations Front (PIAF) and other traders and industrial associations have welcomed Punjab budget for 2011-12 and termed it a step towards achieving self-reliance and prosperity.

Published 12 Jun, 2011 12:00am

'Sindh budget people friendly'

Sindh's budget for the fiscal 2011-12 is people friendly. This was stated by Sindh Minister for Social Welfare, Begum Nargis N.D. Khan while talking to various delegations at her office here on Saturday. The Minister said that salaries of the government e

Published 12 Jun, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 24	2278.33
USD PKR Interbank Buying / May 24	278.13
USD to Japanese Yen / May 24	156.99
USD to Swiss Franc / May 24	0.91
Pound Sterling to USD / May 24	1.27
Euro to USD / May 24	1.08

Stock	Volume
S&P 500 / May 24	5304.72
India Sensex / May 24	74410.39
Tokyo Nikkei / May 24	38646.11
Nasdaq / May 24	16920.80
Hang Seng / May 24	18608.94
FTSE 100 / May 24	8317.59
Dow Jones / May 24	39069.59
Germany DAX 30 / May 24	18693.37

Item	Value
Crude Oil USD/Barrel / May 24	77.72
Karachi Cotton PKR/37.32 KG / May 24	19935
Gold 10 Grams PKR / May 24	205933
Gold Spot USD/Ounce / May 24	2333.83
Cotton US¢/pound / May 24	80.52
Petrol/Litre / May 27	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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