News Archives for Print - 2011-09-13

Print - 2011-09-13

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (September 12, 2011).

Published 13 Sep, 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 Monday (September 12, 2011).

Published 13 Sep, 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 Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (September 12, 2011).

Published 13 Sep, 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 Commi

Published 13 Sep, 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 13 Sep, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 13 Sep, 2011 12:00am

Ivorian cocoa reforms to include price guarantee

Reforms in Ivory Coast's cocoa sector will include a guarantee to farmers of a minimum selling price in an effort to ensure plantation owners turn a profit, Agriculture Minister Coulibaly Sangafowa said at a news conference on Monday. The change, part of

Published 13 Sep, 2011 12:00am

Indonesia's August tin exports up 7.3 percent

Indonesia's refined tin exports rose 7.3 percent in August from the same month last year, but were down 7.6 percent on the previous month, an official at the trade ministry said on Monday. Indonesia, the world's top tin exporter, shipped 8,559.61 tonnes o

Published 13 Sep, 2011 12:00am

US wheat futures slide to one-month low

US wheat futures slid to a one-month low on Monday, pressured by a rising dollar as investors feared a worsening debt crisis in the euro zone. Movements on grain markets were timid, however, as operators awaited US government crop estimates that will give

Published 13 Sep, 2011 12:00am

Dyes items move up on Jodia Bazaar

The trading in dyes items ended up on Jodia Bazaar here on Monday. The following changes were noted.

Published 13 Sep, 2011 12:00am

French wheat exports down seven percent in July

France exported 1.25 million tonnes of soft wheat in July, down 7 percent in the first month of the 2011/12 season compared with 1.34 million a year ago, customs data showed on Monday, due to competition from Russia. Exports outside the European Union rea

Published 13 Sep, 2011 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 183,574 tonnes of cargo including 142,557 tonnes of import cargo, 41,017 tonnes of export cargo and 2,702 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 142,557 tonnes compr

Published 13 Sep, 2011 12:00am

Indian firm sells 100,000 tonnes of rice to Nigeria

A leading Indian trading firm has sold 100,000 tonnes of non-basmati rice to Nigerian buyers at $470 per tonne, undercutting Thai and Vietnamese competitors in the first deals since the food minister gave a nod to 2 million tonnes of exports.

Published 13 Sep, 2011 12:00am

Ukraine exports 284,000 tonnes of grains

Ukraine exported 155,000 tonnes of wheat, 121,900 of barley and 7,100 of maize in the first nine days of September, analyst ProAgro said on Monday. The consultancy said 65,000 tonnes of wheat and 62,900 tonnes of barley had been directed to Saudi Arabia.

Published 13 Sep, 2011 12:00am

Vietnam may lower import duty on corn, wheat

Vietnam may lower the import duty on corn to 3 percent from 5 percent now and abolish the 5-percent import tax on wheat as it seeks to lower production costs for the feed industry, a state-run newspaper reported on Monday. The Agriculture Ministry has pro

Published 13 Sep, 2011 12:00am

Scant business witnessed on grain market

Lean business was observed on the wholesale grain market on Monday as main buyers were reluctant in making new deals due to higher rates, dealers said. On the cereal side, makai retaining a stable trend for a long-time was quoted with a minor change at Rs

Published 13 Sep, 2011 12:00am

Ivorian cocoa output to slip in upcoming crop

Ivory Coast's cocoa production during the forthcoming 2011-12 main crop will fall short of last year's record, the head of industry regulator BCC told Reuters on Monday. "We have not yet finished our work to come up with a specific projection, but we are

Published 13 Sep, 2011 12:00am

Oil cake market rates

The December vaida was down and the January contract was inert on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The December contract that ha ended at Rs 1314.80 commenced with a fall of 10 paisa to Rs 1314.70. The J

Published 13 Sep, 2011 12:00am

Spot rate shoots up by Rs 400, lint prices rise as rains continue in cotton belt in Sindh

Prices soared on the cotton market on Monday as rains continued in cotton belt of Sindh, dealers said The Karachi Cotton Association (KCA) official spot rate was climbed with sharp rise of Rs 400 to Rs 7400, they said. Prices of seedcotton, however, fell

Published 13 Sep, 2011 12:00am

Germany warns of 'severe consequences' before world court

Germany warned Monday of severe consequences should its immunity as a state be breached if the UN's highest court allows Italian civil courts to rule on compensation for Nazi war crimes. "The consequences would be severe," the director-general for legal a

Published 13 Sep, 2011 12:00am

Saudi Arabian court charges human rights lawyer

A Saudi human rights lawyer told AFP on Monday that he was to face trial by a court in Jeddah on charges of calling for a constitutional monarchy. Walid Abu al-Khair said he was summoned to court on Sunday, where he was informed orally of the charges agai

Published 13 Sep, 2011 12:00am

Russia resists Syria sanctions

Russia rejected on Monday Western calls for wider sanctions on Syria over its violent crackdown on protests against President Bashar al-Assad, in which the United Nations said 2,600 people have been killed. A day after France described the lack of a firm

Published 13 Sep, 2011 12:00am

China officially recognises rebels

China recognised the rebel National Transitional Council (NTC) as Libya's "ruling authority", the Chinese Foreign Ministry said on Monday, saying the Council had vowed to respect Beijing's interests after tensions between the two sides. The announcement o

Published 13 Sep, 2011 12:00am

Pro-Qadhafi forces kill 17 at Libyan oil refinery

Muammar Qadhafi loyalists killed 17 guards outside an oil refinery on Monday in an apparent attempt to disrupt a drive by Libya's new rulers to seize the ousted ruler's last bastions and revive the oil-based economy. A Syrian-based television station that

Published 13 Sep, 2011 12:00am

Floods kill 18, displace 100,000 in eastern India

Heavy flooding in eastern India has killed 18 people and displaced almost 100,000 over the past week, government and aid officials said Monday, warning of more wet weather to come. The floods were triggered by torrential monsoon rains across Orissa state,

Published 13 Sep, 2011 12:00am

Nato's Rasmussen calls for open defence markets

The United States and European countries should do more to open up their defence markets to competition at a time of tight budgets, the head of Nato said on Monday. Nato Secretary General Anders Fogh Rasmussen also said he planned to appoint a special env

Published 13 Sep, 2011 12:00am

Yemen's Saleh authorises power transfer talks

Yemeni President Ali Abdullah Saleh has authorised his deputy to negotiate a power transfer with the opposition, the state news agency SABA said Monday, finally agreeing to a proposal by Gulf countries to put an end to a months-long political crisis. Sale

Published 13 Sep, 2011 12:00am

Blast at French nuclear site kills one, no leaks

An explosion in a furnace at the Marcoule nuclear waste treatment site in southern France on Monday killed one person, but there was no leak of radioactive material outside the site, officials said. Four people were injured, one with serious burns, in the

Published 13 Sep, 2011 12:00am

Saudi prince calls on US to back Palestinians

Saudi Arabia's former top US diplomat pressed the United States to support a Palestinian bid to upgrade its UN status, saying that its long-time ally would "risk losing the little credibility it has in the Arab world" if it failed to do so. Palestinians a

Published 13 Sep, 2011 12:00am

Turkey in talks to house US drones

Turkey is in talks with the United States to provide a base for a fleet of US Predator drones now stationed in Iraq, Deputy Prime Minister Bulent Arinc said on Monday. On Sunday, the Washington Post reported the US government was considering a request fro

Published 13 Sep, 2011 12:00am

British Prime Minister gets little on trip to mend Russian ties

An attempt by British Prime Minister David Cameron to thaw relations with Russia brought few results on Monday and yielded a curt response from the Kremlin over the fate of British oil firm BP, underlining lingering distrust. On the first visit by a Briti

Published 13 Sep, 2011 12:00am

Anti-corruption drive : thousands sign Istehkam-e-Pakistan Referendum Register

Over 7000 people signed "Istehkam-e-Pakistan Referendum Register" in Islamabad to get rid of corruption, price-hike, poor governance, worsening law and order situation and other malpractices of the rulers, said Khawaja Khalil Salar, an educationist who st

Published 13 Sep, 2011 12:00am

ICI PAKISTAN LIMITED

ICI Pakistan Limited is the number one paints and coatings company in Pakistan with its brand Dulux, a household name. It is one of the pioneers of the PSF technology in Pakistan and has been manufacturing polyester staple fiber, since 1982 in Sheikhupura

Published 13 Sep, 2011 12:00am

ICI PAKISTAN LIMITED

Published 13 Sep, 2011 12:00am

India's industrial growth falls to two-year low

India's industrial output growth slumped to its lowest in nearly two years in July as high interest rates crimped Asia's third largest economy, putting pressure on the central bank to pause its monetary tightening even with a stubbornly high inflation. Th

Published 13 Sep, 2011 12:00am

World bank to invest in new hedge fund

The World Bank is investing in a hedge fund in order to help banks reduce capital that new rules will force them to set aside against loans to small companies in emerging markets, the Financial Times reported on Monday. The International Finance Corp, the

Published 13 Sep, 2011 12:00am

Eurozone government debt will peak next year: EU

Public debt across the 17-nation eurozone will rise even as growth returns, hitting a peak of 88.7 percent of gross domestic product in 2012, the EU said on Monday. The bailed-out trio of Greece, Ireland and Portugal - facing deeper recession than others

Published 13 Sep, 2011 12:00am

UK to push through tough bank reforms

Britain's banks face some of the world's toughest regulations under reforms outlined on Monday that require them to insulate their retail lending activities and store up billions in extra capital. Finance minister George Osborne said he would fast-track l

Published 13 Sep, 2011 12:00am

Suzuki seeks divorce from Volkswagen

Suzuki Motor wants to end its two-year-old alliance with Volkswagen after the German carmaker accused it of violating their partnership pact by agreeing a diesel engine deal with Italy's Fiat. An exit by Suzuki would end an alliance forged in December 200

Published 13 Sep, 2011 12:00am

Turkey frees up banks' lira reserves to strengthen crisis defence

Turkey's central bank unveiled a series of policy changes on Monday aimed at boosting banks' liquidity and increasing its own foreign exchange reserves as global growth slows and the European debt crisis hammers investor confidence.

Published 13 Sep, 2011 12:00am

BofA looking to cut $5 billion in annual costs

Bank of America Corp is looking to reduce annual expenses by $5 billion by 2013 through its cost-cutting initiative, Chief Executive Officer Brian Moynihan said. The programme - known as New BAC after the company's stock symbol - is focusing on consumer b

Published 13 Sep, 2011 12:00am

Cash crisis risks Palestinian state building: World Bank

Progress made by the Palestinians in building institutions for statehood could be undermined by a fiscal crisis caused by a shortfall in foreign aid, the World Bank said on Monday. In a report released just a week before the Palestinian leadership goes to

Published 13 Sep, 2011 12:00am

French banks hit as SocGen ditches assets

Societe Generale said it would cut costs and sell assets to free up 4 billion euros in fresh capital on Monday, although the surpise move failed to stem a sell-off in French bank shares, driven by fears of a Greek debt default.

Published 13 Sep, 2011 12:00am

Opec cuts oil demand forecasts, supply gap shrinks

Opec cut its forecast for global oil demand growth next year because of a worsening economic outlook and said a disappointing economic performance in top consumer the United States could further weigh on fuel use.

Published 13 Sep, 2011 12:00am

ECB's Stark tells Ireland to ramp up austerity

Ireland's government should cut public sector pay again to get its budget deficit under control, the ECB's departing chief economist Juergen Stark said in an interview published on Monday. Stark's comments, made hours before his shock resignation on Frida

Published 13 Sep, 2011 12:00am

Australia enjoys another solid trade surplus in July

Australia boasted another solid trade surplus in July as a jump in gold exports offset supply bottlenecks for coal, while strength in imports of cars and heavy machinery pointed to resilient domestic demand. The resource-rich country reported a surplus on

Published 13 Sep, 2011 12:00am

China reaffirms policy, inflation too high

China's central bank said on Monday that inflation, which fell in August from a three-year high, is still too high and it would maintain its monetary policy settings despite heated debate among economists about a possible relaxation. Data last week showed

Published 13 Sep, 2011 12:00am

Middle East markets: Saudi index leads Gulf decline

Gulf markets ended lower on Monday as investor worries grew about a possible Greek default amid signs of rifts among eurozone policymakers, with Saudi Arabia's bourse leading the decline on a tight correlation to oil prices. Lingering fears the US economy

Published 13 Sep, 2011 12:00am

Australian shares tumble

Australian stocks tumbled 3.7 percent on Monday, the biggest fall since the sell-off in early August, as growing worries about the European debt crisis and global growth swept through markets and pushed investors out of riskier assets such as stocks.

Published 13 Sep, 2011 12:00am

Nikkei at 2-1/2 year low

The Nikkei average skidded more than 2 percent on Monday to a fresh 2-1/2 year closing low on concerns that Europe's sovereign debt woes and falls in US share prices will deepen. Senior politicians in German Chancellor Angela Merkel's centre-right coaliti

Published 13 Sep, 2011 12:00am

Monday's afternoon trade: Wall Street whipsawed by eurozone bank fears

US stocks fell in volatile trading on Monday on concerns the eurozone's sovereign debt crisis could undermine a global economic recovery, but a US tech deal limited losses on the Nasdaq composite index. Wall Street oscillated between losses of more than 1

Published 13 Sep, 2011 12:00am

China markets closed

China's stock, money, foreign exchange and commodities futures markets are closed on Monday for the Mid-Autumn Festival holiday. Trading will resume on Tuesday.

Published 13 Sep, 2011 12:00am

Indian shares at two-week low

Indian shares dropped to their lowest close in two weeks on Monday, their second straight day of fall, in a broad selloff as growing fears of a Greek default hit world markets and investors brace for a possible local interest rate increase this week.

Published 13 Sep, 2011 12:00am

German watchdog okays NYSE deal: Deutsche Boerse

Deutsche Boerse said on Monday it had received approval for its $9 billion acquisition of NYSE Euronext from Germany's Financial Supervisory Authority (BaFin), clearing another hurdle in a process expected to be completed by the end of this year. "With Ba

Published 13 Sep, 2011 12:00am

Hong Kong shares plummet

Hong Kong shares fell sharply on Monday with heavy selling of banks and property counters pushing the benchmark to its biggest single-day drop since a rout on August 9. The benchmark Hang Seng fell 4.2 percent although turnover remained light ahead of a p

Published 13 Sep, 2011 12:00am

Weak commodities take toll on FTSE index

Britain's leading share index fell on Monday, on weakness in heavyweight mining and energy issues as commodity prices retreated, while a partial recovery by banks brought blue chips back from intra-days lows for the month. At the close, the FTSE 100 index

Published 13 Sep, 2011 12:00am

Southeast Asian stocks fall in light volume

Southeast Asia's stock markets retreated on Monday as pessimism over the eurozone debt crisis triggered broad sell-offs in regional blue chips, with Indonesia and Singapore seeing their biggest losses in three weeks. Volumes were light, about two-thirds t

Published 13 Sep, 2011 12:00am

European stocks tumble

European stocks tumbled to a two-year low on Monday, as mounting fears over the prospect of a Greek debt default and concern about a surge in Italian yields at a bond auction prompted investors to dump equities across the board. The FTSEurofirst 300 index

Published 13 Sep, 2011 12:00am

Dollar funding costs surge

European bank funding strains stayed high on Monday with the cost of short-term dollars edging up on fears over exposure to debt-choked Greece as Athens struggled to get aid talks back on track and avoid a default. Shares in French banks, which have among

Published 13 Sep, 2011 12:00am

Euro slumps versus yen and dollar

The euro dived to a seven-month low against the US dollar and a 10-year trough versus the yen, falling below key technical levels and option barriers on worries that the eurozone's support for Greece is wobbling and that the country may be forced to defau

Published 13 Sep, 2011 12:00am

Early trade in New York: euro off lows

The euro slid to seven-month lows against the dollar on Monday and could stay under pressure this week on fears of a Greek default and a possible rating downgrade of French banks. The single eurozone currency see-sawed between losses and gains in New York

Published 13 Sep, 2011 12:00am

Euro hits 10-year low versus yen in London

The euro fell to a seven-month low against the US dollar and a 10-year trough versus the yen on Monday, hurt by fears of a Greek default and the risk of contagion engulfing the region's banking system and larger economies. The yen was a big beneficiary of

Published 13 Sep, 2011 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 74.30/74.45 (previous 74.20-74.32). Call Money Rates: 6.50-10.00 percent (previous 6.00-12.00 percent).

Published 13 Sep, 2011 12:00am

Singapore dollar, rupiah hit two-month low

The Singapore dollar hit its lowest level in more than two months on Monday, hurt by investor jitters over the eurozone's debt crisis and growing market speculation that Singapore's central bank may ease its monetary policy next month. Fears that the euro

Published 13 Sep, 2011 12:00am

Indian rupee tumble

The Indian rupee posted its biggest single-day fall in more than 15 months on Monday as heightened fears over a likely Greek debt default triggered a flight to safe-haven dollar, while a slump in July's local industrial output data also weighed. The parti

Published 13 Sep, 2011 12:00am

Sterling hits 7-1/2 month low

Sterling fell to a 7-1/2 month low versus the dollar on Monday as worries about contagion from the eurozone debt crisis boosted demand for the greenback. Traders cited selling by a European investment bank that triggered stop losses orders and briefly pus

Published 13 Sep, 2011 12:00am

Aussie and New Zealand dollars plunge

The Australian dollar shed more than a full cent on Monday, while its New Zealand peer also lost ground as the greenback powered ahead on fresh worries about the euro zone debt crisis that prompted a broad sell-down in riskier assets. The heightened risk

Published 13 Sep, 2011 12:00am

Workshop held

A one-day workshop was held here Monday for under-training public prosecutors on the eradication of bonded labour system. Co-ordinator International Labour Organisation Binyamin, Juris Consultant, Zafarullah Khan and judicial academy's director general, f

Published 13 Sep, 2011 12:00am

Farewell lunch for newly elected BQATI members

Mian Muhammed Ahmed, Patron In-chief Bin Qasim Association of Trade & Industry (BQATI), who has completed his one year as the founder president of the association, arranged a farewell lunch in the honour of elected office bearers of the managing committee

Published 13 Sep, 2011 12:00am

Islamabad Police nab 11 outlaws

Islamabad Police have nabbed 11 outlaws from different parts of the Federal Capital for their alleged involvement in murder, theft and possessing illegal arms, said a spokesman of Islamabad Police here on Monday. Superintendent of Police (SP) Rural Bashir

Published 13 Sep, 2011 12:00am

Khyber Pakhtunkhwa government publishes report on Citizens' Voice Study

Khyber Pakhtunkhwa government has published report on Citizens' Voice Study commissioned by the Directorate General M&E of the P&D Department with the technical assistance of the DFID-funded Provincial Reforms Programme. Traditionally there has been state

Published 13 Sep, 2011 12:00am

PPP Khyber Pakhtunkhwa forms committees to reorganise party

Pakistan Peoples Party (PPP) Khyber-Pakhtunkhwa chapter has expressed complete confidence over the party co-chairman and President Asif Ali Zardari and announced that it has constituted special committees to bring back dissident workers and strengthen the

Published 13 Sep, 2011 12:00am

Khyber Pakhtunkhwa government launches Rs 1.3 billion Pakhtunkhwa Hunarmand Rozgar Scheme

The Khyber Pakhtunkhwa government has launched Rs 1.30 billion Pakhtunkhwa Hunarmand Rozgar Scheme for jobs to skilled unemployed people of Khyber Pakhtunkhwa. Under the programme, skilled people of recognised technical institute will be provided loans ra

Published 13 Sep, 2011 12:00am

Dhoni urges India to finish strongly

India captain MS Dhoni has urged his side to finish their difficult summer with a flourish in Friday's final One-day international against England in Cardiff. A dramatic tied match at Lord's on Sunday gave England, who are 2-0 up with one to play, the one

Published 13 Sep, 2011 12:00am

Yorkshire relegated from elite

English county cricket giants Yorkshire suffered the humiliation of relegation from the top division of the county championship on Monday. The 30-time county champions - they also shared the title once - had their fate sealed when Worcestershire took a bo

Published 13 Sep, 2011 12:00am

Sri Lanka, Australia draw rain-hit second Test

Resolute Sri Lankan batting and bad weather frustrated Australia's bid for a series-clinching win as the second Test ended in a draw in Pallekele on Monday. Just 35.3 overs were bowled on the final day, in which Sri Lanka moved from their overnight score

Published 13 Sep, 2011 12:00am

Stosur stuns angry Serena to win US Open title

Samantha Stosur out-played three-time champion Serena Williams 6-2, 6-3 to win the US Open on Sunday, claiming the first Grand Slam title of her career in a stormy final. Stosur kept her composure as Williams erupted in anger at the chair umpire in the se

Published 13 Sep, 2011 12:00am

New York cotton shade up in muted reply to USDA report

Cotton futures settled with small gains on Monday in a muted reaction to a government crop report and analysts said the market was poised to trade in a sideways pattern this week. Benchmark December cotton on ICE Futures US rose 0.42 cent to finish at $1.

Published 13 Sep, 2011 12:00am

Copper drops to one-month low

Copper tumbled to one-month lows on Monday as concern about policymakers' ability to solve Europe's debt crisis and worries about economic and demand slowdown spurred investor selling. A stronger dollar also weighed on metals, making dollar-priced commodi

Published 13 Sep, 2011 12:00am

London Brent falls, US crude up

Brent crude fell in volatile trade on Monday, weighed down by concerns the eurozone debt crisis could dent the global economic recovery and a bout of spread trading. US crude rose more than 1 percent as traders sold the spread between WTI and Brent crude

Published 13 Sep, 2011 12:00am

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Published 13 Sep, 2011 12:00am

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Published 13 Sep, 2011 12:00am

Tokyo rubber futures fall

Key Tokyo rubber futures fell nearly 2 percent on Monday, as sentiment turned bearish on a drop in oil prices, concerns over the global economy and worries about Europe's deepening debt crisis. The benchmark rubber contract on the Tokyo Commodity Exchange

Published 13 Sep, 2011 12:00am

Malaysian palm oil rises

Malaysian palm oil futures traded near one-month highs on Monday, in line with other vegetable oil markets, as investors positioned themselves ahead of key industry data from the United States. Benchmark November palm oil on the Bursa Malaysia Derivatives

Published 13 Sep, 2011 12:00am

Sugar surges on consumer, fund buying

Raw sugar futures climbed on Monday due to rising premiums for front-month October, consumer purchases and follow-through investor buying. Arabica coffee prices rebounded after last week's sharp fall, while cocoa futures eased slightly. New York's October

Published 13 Sep, 2011 12:00am

Gold falls in Asia

Gold fell more than 1 percent on Monday after ending at its lowest level since June last week but bargain hunters could cushion the fall, while escalating worries about Europe's debt crisis sent bullion priced in euro to a record high. Fears about a Greek

Published 13 Sep, 2011 12:00am

Gold dips in London

Gold fell on Monday as investors sold the metal after last week's record highs to cover losses elsewhere, including European equity markets, which were pushed to two-year lows by growing fears about the debt crisis. World shares hit one-month lows after G

Published 13 Sep, 2011 12:00am

US MIDDAY: grains fall

US grain futures fell on Monday as a worsening eurozone debt crisis sent stock markets tumbling, with soyabeans slumping more than 2 percent as the government raised its US crop production forecast. Corn futures were also lower, weighed down by a broad fl

Published 13 Sep, 2011 12:00am

US MIDDAY: copper sinks

Copper ended down for a second straight day on Monday, dropping to its cheapest level in a month, as European debt worries escalated and demand prospects dimmed, undermining investor confidence in industrial metals.

Published 13 Sep, 2011 12:00am

US MIDDAY: gold drops 2.5 percent

Gold fell 2.5 percent on Monday as growing fears about the European debt crisis prompted bullion investors to sell after last week's record highs to cover losses in the equity markets. Even though gold is viewed as a safe haven it often falls during a sto

Published 13 Sep, 2011 12:00am

Adamjee College bags top three positions: BIEK declares FSC (part-II) pre-medical, general science groups' results

The Board of Intermediate Education Karachi (BIEK) on Monday announced the results of science (pre-engineering) group and general science group annual examinations 2011. In pre-engineering, the top three positions were clinched by the students of Adamjee

Published 13 Sep, 2011 12:00am

SSUET announces commencement of admissions

The process for admission for Batch 2012 in various engineering disciplines in Sir Syed University of Engineering and Technology (SSUET) has started. According to the Registrar, Shah Mahmood Hussain Syed, the aptitude test will be held on November 20, 201

Published 13 Sep, 2011 12:00am

Two kidnapped persons including US national freed

The kidnappers released the two abductees, including a US national, who were kidnapped from Qambrani Road here on Monday, police said. Earlier, some unidentified armed men kidnapped two persons, including one US national from Qambrani Road area here.

Published 13 Sep, 2011 12:00am

Attock Petroleum declares 300 percent cash dividend

Attock Petroleum Limited posted Rs 4.256 billion as profit after tax in the year ended on June 30, 2011 (FY11) as compared to Rs 3.594 billion earned in FY10. The company's earning per share increased to Rs 61.58 in the period under review against Rs 52.0

Published 13 Sep, 2011 12:00am

Attock Petroleum declares 300 percent cash dividend

Published 13 Sep, 2011 12:00am

Seminar informed Summary to preserve, develop forest under P-PP in process

The Secre-tary to Government of Sindh for Forest and Livestock Aijaz Ahmed Nizamani has said that a summary to preserve and develop the forest under the public-private partnership (P-PP) was in a process and its implementation would yield good result not

Published 13 Sep, 2011 12:00am

SECP initiates measures to facilitate corporate sector in Bahawalpur

The Securities and Exchange Commission of Pakistan (SECP) has initiated measures to facilitate the corporate sector in Bahawalpur in the light of Prime Minister's directive. Subsequent to the Prime Minister's visit to Bahawalpur last month, the SECP's rec

Published 13 Sep, 2011 12:00am

Over dozen suspects arrested by LEAs in Karachi

Over a dozen suspects were taken into custody by the Law Enforcement Agencies (LEAs) in separate raids at various parts of the metropolis here on Monday. According to sources, the LEAs had arrested Hubul Bangali, who was said to be a worker of Sunni Tehre

Published 13 Sep, 2011 12:00am

Previous Day

Forex
World
Commodity

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

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

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

Gainers
Losers
Leaders

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

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

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

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