News Archives for Print - 2012-07-09

Parliament recommended reopening of Nato supply routes: minister

The government had reopened Nato supply routes in the light of parliament's recommendations, Khyber-Pakhtunkhwa's Minister for Information Mian Iftikhar Hussain said on Sunday.

Published 09 Jul, 2012 12:00am

45th death anniversary of Fatima Jinnah today

The nation will commemorate the 45th death anniversary of the Madar-e-Millat Mohtarma Fatima Jinnah on July 9th (Monday) with great respect and reverence. Various political organisations‚ institutions‚ schools and colleges have planned special activities

Published 09 Jul, 2012 12:00am

3G broadband networks: workshop to support future development commences today

A workshop will be organised to support the future development of 3G broadband networks from Monday (today) to provide a forum for telecom operators to review magnetisation strategies for new network infrastructure in Pakistan.

Published 09 Jul, 2012 12:00am

NDMA to submit national contingency plan next week

National Disaster Management Authority (NDMA) will submit the finalised National Contingency Plan to the government next week. Informed sources told Business Recorder that the NDMA and all the four provinces had two meetings in June, 2012 to discus

Published 09 Jul, 2012 12:00am

WBDC to organise summer trade fair on July 10

In a bid to portray a soft-image of Khyber Pakhtunkhwa through showcasing products of skilled women entrepreneurs from different parts of the country, Women Business Development Centre (WBDC) in collaboration of Tourism Co-operation Khyber Pakhtunkhwa (TC

Published 09 Jul, 2012 12:00am

Admission in UET: over 14,984 candidates appeared

More than 14,984 candidates from Khyber Pakhtunkhwa, FATA, AJK and Gilgit-Baltistan appeared for admission in University of Engineering & Technology for academic session 2012-13 here on Sunday. The Entry test held under auspicious of Education Testing & E

Published 09 Jul, 2012 12:00am

Heavy rainfall likely in Rawalpindi, Gujranwala, Sargodha

Heavy rainfall is likely at isolated places of Rawalpindi, Gujranwala and Sargodha during next 24 to 36 hours, said the Meteorological Department on Sunday. Rain/dust-thunderstorm is expected at scattered places of Khyber Pakhtunkhwa, including Malakand,

Published 09 Jul, 2012 12:00am

Zinc deficiency major cause of low paddy yield: experts

Deficiency of Zinc is one of the major cause of low yield of paddy crop in Pakistan, the agriculture experts of rice research institute Kala Shah Kaku said talking to APP, here on Sunday. They said that those fields where crop is being cultivated for the

Published 09 Jul, 2012 12:00am

Amendments in dual nationality not being made for any individual: Kaira

Federal Minister for Information and Broadcasting Qamar Zaman Kaira said on Sunday that amendment in dual nationality was not being made only for an individual; rather it was being made for all those Pakistanis whose hearts beat with their country.

Published 09 Jul, 2012 12:00am

ST recovery from cellular companies: FBR to carry out internal inquiry against tax officials

The Federal Board of Revenue (FBR) will carry out an internal inquiry against the tax officials, who failed to collect/recover sales tax on the interconnection charges from telecom companies prior to 2010 and strict action would be taken against involved

Published 09 Jul, 2012 12:00am

Huawei announces availability of smart phones, tablets

Huawei, a leading global information and communications technology (ICT) solutions provider, which serves more than 500 operators in the world, on Sunday announced all of their Smartphone range along with Ascend P1 will be available in Pakistan through th

Published 09 Jul, 2012 12:00am

Section-4 of Punjab Sales Tax on Services Act: Punjab assures Sindh to look into its reservations

Punjab has assured Sindh to look into its reservations over Section 4, "Application of principles of origin and reverse charge in certain situations," of Punjab Sales Tax on Services Act 2012. Informed sources told Business Recorder that the assura

Published 09 Jul, 2012 12:00am

Grenades hurled at businessman's house, police post

In two separate incidents on Sunday, unknown men hurled hand grenades on a traffic police post and a businessman's house, but the grenades did not go off in both the attacks. In the first incident, unknown men riding motorbike hurled grenade at the house

Published 09 Jul, 2012 12:00am

Prime Minister directs for providing best medical facilities to Edhi

Prime Minister Raja Pervez Ashraf on Sunday directed the Sindh Government to provide best possible medical facilities to renowned philanthropist Abdul Sattar Edhi.

Published 09 Jul, 2012 12:00am

Funeral of Turbat carnage victims: Edhi faints during media interaction

Renowned social worker and the founder of Edhi Foundation Abdul Sattar Edhi fainted due to emotional stress over the killings of innocent people following the funeral prayer of those killed in Turbat incident outside the Karachi Edhi Centre.

Published 09 Jul, 2012 12:00am

Sattar calls for politics, welfare side by side

Deputy Convenor, Muttahida Qaumi Movement (MQM), Rabbit Committee, Dr Faro Sattar said that Pakistan would become a truly democratic and civilised country if politics and welfare works are combined.

Published 09 Jul, 2012 12:00am

Four shot dead in different parts of Karachi

At least four people including a worker of Muttahida Qaumi Movement (MQM) were killed in different parts of the city on Sunday, police and rescue sources said. A worker of MQM was gunned down by unknown armed assailants in Qasba Colony in the limits of Pi

Published 09 Jul, 2012 12:00am

Gilani underlines parliament's importance

Former prime minister Yousuf Raza Gilani on Sunday underlined the importance of parliament and said that Constitution was supreme, but it was parliament that made it. Before departing for Khanewal at the Lahore Railway Station, Gilani told reporters that

Published 09 Jul, 2012 12:00am

International Education Exhibition begins at Expo Centre

The 32nd International Education Exhibition organised by the International Educational Services started in Karachi Expo Centre here on Sunday. The exhibition will go to Lahore where it will be held on July 11 and 12, 2012.

Published 09 Jul, 2012 12:00am

Prime Minister directs Ministry to ensure availability of passports abroad

Prime Minister Raja Pervez Ashraf on Sunday directed Senior Advisor on Interior Rehman Malik to ensure availability of Machine Readable Passports at the earliest in countries with large Pakistani diaspora.

Published 09 Jul, 2012 12:00am

Patel vows to resolve PPP workers' problems

Abdul Qadir Patel, the newly-appointed President of Pakistan People's Party (PPP) Karachi Division, has vowed to address the problems of PPP workers of the city. He expressed the resolve while chairing a party meeting at People's Secretariat on Sunday whi

Published 09 Jul, 2012 12:00am

Bodies of three more Gayari martyred soldiers recovered

Bodies of three more Shaheed soldiers were recovered from Gayari sector of Siachen on Sunday bringing the total number of bodies recovered so far to 33. According to a spokesman of Inter Services Public Relations (ISPR) here, identity of the bodies was un

Published 09 Jul, 2012 12:00am

Malik can't cover up federal government's misdeeds: Sana

Rehman Malik cannot cover up misdeeds of the federal government by telling a lie and if he has any proof against the Sharif brothers, why does he not present it in court, Punjab Minister for Law Rana Sanaullah said on Sunday.

Published 09 Jul, 2012 12:00am

Sugar shortage, sale of substandard meat: district administration takes action

The district administration on Sunday moved to take action against complaints of shortage of sugar and the sale of unhygienic meat and poultry in Gulshan Ravi Sunday Bazaar. The Gulshan Ravi administration was instructed by DCO Lahore Noorul Amin Mengal t

Published 09 Jul, 2012 12:00am

PPP-Sherpao criticises government for restoration of Nato supply routes

Pakistan People's Party-Sherpao (PPP-S) in a meeting of its Central Executive Committee asked the government to tell the nation what it had achieved by reopening the Nato supply routes. The meeting, held here on Sunday with its Chairman Aftab Ahmad Khan S

Published 09 Jul, 2012 12:00am

Position-holder students visit Europe

Pakistani position-holder boy and girl students who are visiting Europe on the instructions of Chief Minister Punjab Muhammad Shahbaz Sharif have reached Scotland where they visited University of Glasgow and University of Strathclyde.

Published 09 Jul, 2012 12:00am

Government to encourage private sector to play leading role in economy: Prime Minister

Prime Minister Raja Pervez Ashraf has said that private sector is the engine of growth and he would like to see it play a leading role in the economy. The Prime Minister was talking to the office-bearers of Islamabad Chambers of Commerce and Industry who

Published 09 Jul, 2012 12:00am

UNHCR warehouse: huge stock of tents gutted

A fire erupted on Sunday at a UNHCR warehouse near the Haji Camp in Peshawar, destroying a huge of stock of tents, non-food items and other equipment. According to official, the fire broke out at 2pm in the afternoon. Rescue 1122 and PDA Fire Brigade staf

Published 09 Jul, 2012 12:00am

UNHCR warehouse: huge stock of tents gutted

A fire erupted on Sunday at a UNHCR warehouse near the Haji Camp in Peshawar, destroying a huge of stock of tents, non-food items and other equipment. According to official, the fire broke out at 2pm in the afternoon. Rescue 1122 and PDA Fire Brigade staf

Published 09 Jul, 2012 12:00am

Liberals claim early lead in Libya vote count

Liberals claimed an early lead on Sunday in vote counting across the country after Libya held its first free elections following Moamer Kadhafi's ouster, winning plaudits from the international community.

Published 09 Jul, 2012 12:00am

Liberals claim early lead in Libya vote count

Liberals claimed an early lead on Sunday in vote counting across the country after Libya held its first free elections following Moamer Kadhafi's ouster, winning plaudits from the international community.

Published 09 Jul, 2012 12:00am

Deutsche Bank suspends two over Libor

Two Deutsche Bank employees have been suspended after it used external auditors to examine whether staff were involved in manipulating interbank lending rates, German magazine Der Spiegel reported, citing no sources.

Published 09 Jul, 2012 12:00am

Deutsche Bank suspends two over Libor

Two Deutsche Bank employees have been suspended after it used external auditors to examine whether staff were involved in manipulating interbank lending rates, German magazine Der Spiegel reported, citing no sources.

Published 09 Jul, 2012 12:00am

Deutsche Bank suspends two over Libor

Two Deutsche Bank employees have been suspended after it used external auditors to examine whether staff were involved in manipulating interbank lending rates, German magazine Der Spiegel reported, citing no sources.

Published 09 Jul, 2012 12:00am

Flood gates on US derivative reforms set to open

The US swaps regulator is set to finalize this week a critical reform that will trigger banks and traders having to comply with costly new derivatives rules. The Commodity Futures Trading Commission will vote on Tuesday on a definition of a "swap," which

Published 09 Jul, 2012 12:00am

Flood gates on US derivative reforms set to open

The US swaps regulator is set to finalize this week a critical reform that will trigger banks and traders having to comply with costly new derivatives rules. The Commodity Futures Trading Commission will vote on Tuesday on a definition of a "swap," which

Published 09 Jul, 2012 12:00am

Flood gates on US derivative reforms set to open

The US swaps regulator is set to finalize this week a critical reform that will trigger banks and traders having to comply with costly new derivatives rules. The Commodity Futures Trading Commission will vote on Tuesday on a definition of a "swap," which

Published 09 Jul, 2012 12:00am

Iraq''s Kurds sending oil to Turkey

Iraqi Kurdistan has begun sending oil produced in its three-province autonomous region out of the country without the express permission of the central government, an official said on Sunday. The central government in Baghdad, meanwhile, insisted that it

Published 09 Jul, 2012 12:00am

Iraq's Kurds sending oil to Turkey

Iraqi Kurdistan has begun sending oil produced in its three-province autonomous region out of the country without the express permission of the central government, an official said on Sunday. The central government in Baghdad, meanwhile, insisted that it

Published 09 Jul, 2012 12:00am

Iraq's Kurds sending oil to Turkey

Iraqi Kurdistan has begun sending oil produced in its three-province autonomous region out of the country without the express permission of the central government, an official said on Sunday. The central government in Baghdad, meanwhile, insisted that it

Published 09 Jul, 2012 12:00am

Eurozone ''credibility'' gap rattled markets: Italian Prime Minister

Italian Prime Minister Mario Monti denounced unnamed "northern" EU states on Sunday for taking positions that contributed to spikes in borrowing costs for Italy and Spain. In an apparent reference to Finland and The Netherlands, which cast doubt on the co

Published 09 Jul, 2012 12:00am

Eurozone 'credibility' gap rattled markets: Italian Prime Minister

Italian Prime Minister Mario Monti denounced unnamed "northern" EU states on Sunday for taking positions that contributed to spikes in borrowing costs for Italy and Spain. In an apparent reference to Finland and The Netherlands, which cast doubt on the co

Published 09 Jul, 2012 12:00am

Eurozone 'credibility' gap rattled markets: Italian Prime Minister

Italian Prime Minister Mario Monti denounced unnamed "northern" EU states on Sunday for taking positions that contributed to spikes in borrowing costs for Italy and Spain. In an apparent reference to Finland and The Netherlands, which cast doubt on the co

Published 09 Jul, 2012 12:00am

Abbas invites Swiss experts to take Arafat probe samples

The Palestinian president will call on Swiss experts who probed Yasser Arafat's death to take samples from his body for further tests, a Palestinian official said on Sunday. The invitation comes after an investigation commissioned by Al-Jazeera news chann

Published 09 Jul, 2012 12:00am

Abbas invites Swiss experts to take Arafat probe samples

The Palestinian president will call on Swiss experts who probed Yasser Arafat's death to take samples from his body for further tests, a Palestinian official said on Sunday. The invitation comes after an investigation commissioned by Al-Jazeera news chann

Published 09 Jul, 2012 12:00am

Influential Saudi Prince dies

Saudi Arabia says a senior prince and former defence minister has died. The 78-year-old Prince Mohammed bin Saud was not in line for the Saudi throne, but wielded influence as part of a council of royal family members that helps select the heirs to rule t

Published 09 Jul, 2012 12:00am

Influential Saudi Prince dies

Saudi Arabia says a senior prince and former defence minister has died. The 78-year-old Prince Mohammed bin Saud was not in line for the Saudi throne, but wielded influence as part of a council of royal family members that helps select the heirs to rule t

Published 09 Jul, 2012 12:00am

Futures spreads down by 381 basis points

Futures spreads declined by 381bps on week-on-week basis to stand at 10.10 percent from previous week''''s 13.91 percent. Trading activities on the futures counter also decreased as the average daily volumes declined by 45 percent on week-on-week basis to

Published 09 Jul, 2012 12:00am

Futures spreads down by 381 basis points

Futures spreads declined by 381bps on week-on-week basis to stand at 10.10 percent from previous week''s 13.91 percent. Trading activities on the futures counter also decreased as the average daily volumes declined by 45 percent on week-on-week basis to s

Published 09 Jul, 2012 12:00am

Futures spreads down by 381 basis points

Futures spreads declined by 381bps on week-on-week basis to stand at 10.10 percent from previous week's 13.91 percent. Trading activities on the futures counter also decreased as the average daily volumes declined by 45 percent on week-on-week basis to st

Published 09 Jul, 2012 12:00am

Futures spreads down by 381 basis points

Futures spreads declined by 381bps on week-on-week basis to stand at 10.10 percent from previous week's 13.91 percent. Trading activities on the futures counter also decreased as the average daily volumes declined by 45 percent on week-on-week basis to st

Published 09 Jul, 2012 12:00am

Index gains 509 points

The Karachi share market witnessed a bullish trend during the outgoing week ended on July 06, 2012 on the back of breakthrough in Pak-US deadlock, better than expected inflation number and lower oil prices in the international market, analysts said.

Published 09 Jul, 2012 12:00am

Index gains 509 points

The Karachi share market witnessed a bullish trend during the outgoing week ended on July 06, 2012 on the back of breakthrough in Pak-US deadlock, better than expected inflation number and lower oil prices in the international market, analysts said.

Published 09 Jul, 2012 12:00am

Index gains 509 points

The Karachi share market witnessed a bullish trend during the outgoing week ended on July 06, 2012 on the back of breakthrough in Pak-US deadlock, better than expected inflation number and lower oil prices in the international market, analysts said.

Published 09 Jul, 2012 12:00am

MONDAY JULY 02: Meeting fiscal deficit: government plans to borrow Rs 1.6 trillion in first quarter FY 2013

Published 09 Jul, 2012 12:00am

Index gains 509 points

The Karachi share market witnessed a bullish trend during the outgoing week ended on July 06, 2012 on the back of breakthrough in Pak-US deadlock, better than expected inflation number and lower oil prices in the international market, analysts said.

Published 09 Jul, 2012 12:00am

MONDAY JULY 02: Fiscal deficit will soar to six percent of GDP or more: Hafeez meets Prime Minister

Published 09 Jul, 2012 12:00am

Hina and Krishna discuss Pak-India ties

Foreign Minister Hina Rabbani Khar met S.M. Krishna Minister for External Affairs of India on the sidelines of the Tokyo conference here on Sunday and discussed matters of bilateral interest. Foreign Minister Khar reaffirmed Pakistan's commitment to norma

Published 09 Jul, 2012 12:00am

TUESDAY JULY 03: Rs 20.7 billion fraud detected in PPO

Published 09 Jul, 2012 12:00am

Hina and Krishna discuss Pak-India ties

Foreign Minister Hina Rabbani Khar met S.M. Krishna Minister for External Affairs of India on the sidelines of the Tokyo conference here on Sunday and discussed matters of bilateral interest. Foreign Minister Khar reaffirmed Pakistan's commitment to norma

Published 09 Jul, 2012 12:00am

TUESDAY JULY 03: Financially-strapped PIA: ECC may approve bailout package today

Published 09 Jul, 2012 12:00am

Don't seek to challenge government's writ: Malik

The government will not impede the progress of the Difa-e-Pakistan Council's (DPC) long march but lawlessness will not be tolerated, Senior Adviser to Prime Minister on Interior Rehman Malik said on Sunday.

Published 09 Jul, 2012 12:00am

WEDNESDAY JULY 04: 21 judges given plots during Musharraf's regime: PAC declines to accommodate SC registrar's statement

Published 09 Jul, 2012 12:00am

Don't seek to challenge government's writ: Malik

The government will not impede the progress of the Difa-e-Pakistan Council's (DPC) long march but lawlessness will not be tolerated, Senior Adviser to Prime Minister on Interior Rehman Malik said on Sunday.

Published 09 Jul, 2012 12:00am

WEDNESDAY JULY 04: Power sector gets priority: gas allocation, management policy amended

Published 09 Jul, 2012 12:00am

Nato cargoes: scanning begins today

Since the decision made by the Defence Committee of the Cabinet (DCC) to lift Nato blockade on last Tuesday, no single Nato consignment has so far been released from any port mainly due to demurrage and security issues.

Published 09 Jul, 2012 12:00am

THURSDAY JULY 05: Security of containers: Interior secretary told to map out strategy

Published 09 Jul, 2012 12:00am

Nato cargoes: scanning begins today

Since the decision made by the Defence Committee of the Cabinet (DCC) to lift Nato blockade on last Tuesday, no single Nato consignment has so far been released from any port mainly due to demurrage and security issues.

Published 09 Jul, 2012 12:00am

THURSDAY JULY 05: Coalition Support Fund: Pakistan to receive $1.5 billion by December

Published 09 Jul, 2012 12:00am

'Long march': DPC puts up impressive show

Difa-e-Pakistan Council(DPC) long march began from Lahore to Islamabad on Sunday against the resumption of Nato supplies. A meeting of DPC leaders was followed by a press conference by Council's chairman Maulana Samiul Haq.

Published 09 Jul, 2012 12:00am

FRIDAY JULY 06: Power ministry told to revise Rs 383 billion subsidy

Published 09 Jul, 2012 12:00am

'Long march': DPC puts up impressive show

Difa-e-Pakistan Council(DPC) long march began from Lahore to Islamabad on Sunday against the resumption of Nato supplies. A meeting of DPC leaders was followed by a press conference by Council's chairman Maulana Samiul Haq.

Published 09 Jul, 2012 12:00am

FRIDAY JULY 06: NICL real estate seam: I've done no wrong, insists Fahim

Published 09 Jul, 2012 12:00am

Ogra to be empowered to determine LPG tariff

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to make required changes in the Ogra Ordinance for allowing Ogra to determine the cost of Liquefied Petroleum Gas (LPG) as well as Weighted Average Cost of Gas (WACOG) on monthly basis.

Published 09 Jul, 2012 12:00am

SATURDAY JULY 07: Shortage of locomotives: Railways unable to ferry Nato freight: minister

Published 09 Jul, 2012 12:00am

Ogra to be empowered to determine LPG tariff

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to make required changes in the Ogra Ordinance for allowing Ogra to determine the cost of Liquefied Petroleum Gas (LPG) as well as Weighted Average Cost of Gas (WACOG) on monthly basis.

Published 09 Jul, 2012 12:00am

SATURDAY JULY 07: Deterioration in global economy: IMF to downgrade forecasts

Published 09 Jul, 2012 12:00am

Ogra to be empowered to determine LPG tariff

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to make required changes in the Ogra Ordinance for allowing Ogra to determine the cost of Liquefied Petroleum Gas (LPG) as well as Weighted Average Cost of Gas (WACOG) on monthly basis.

Published 09 Jul, 2012 12:00am

SUNDAY JULY 08: NAB making arrests

Published 09 Jul, 2012 12:00am

Syria tests missiles against coastal attack

Syria's navy fired live missiles from ships and helicopters over the weekend, state media said on Sunday, in an exercise aiming at showcasing its ability to "defend Syria's shores against any possible aggression".

Published 09 Jul, 2012 12:00am

SUNDAY JULY 08: RPP probe: Prime Minister can be asked to appear before inquiry team

Published 09 Jul, 2012 12:00am

Syria tests missiles against coastal attack

Syria's navy fired live missiles from ships and helicopters over the weekend, state media said on Sunday, in an exercise aiming at showcasing its ability to "defend Syria's shores against any possible aggression".

Published 09 Jul, 2012 12:00am

Six US troops, 28 civilians killed in Afghanistan

At least 35 people, including seven Nato soldiers, were killed in a string of roadside bombs and clashes on Sunday, one of the most violent days in the country for months. A bomb killed six US troops in the east, the coalition said without elaborating, af

Published 09 Jul, 2012 12:00am

Six US troops, 28 civilians killed in Afghanistan

At least 35 people, including seven Nato soldiers, were killed in a string of roadside bombs and clashes on Sunday, one of the most violent days in the country for months. A bomb killed six US troops in the east, the coalition said without elaborating, af

Published 09 Jul, 2012 12:00am

Donors offer $16 billion Afghan aid at Tokyo conference

Major donors pledged on Sunday to give Afghanistan $16 billion in development aid through 2015 as they try to prevent it from sliding back into chaos when foreign troops leave, but demanded reforms to fight widespread corruption.

Published 09 Jul, 2012 12:00am

Donors offer $16 billion Afghan aid at Tokyo conference

Major donors pledged on Sunday to give Afghanistan $16 billion in development aid through 2015 as they try to prevent it from sliding back into chaos when foreign troops leave, but demanded reforms to fight widespread corruption.

Published 09 Jul, 2012 12:00am

Pakistan, Afghanistan and US vow to work for Afghan peace

Pakistan, Afghan-istan and United States here on Sunday agreed to work together for Afghan peace process. T0hey committed to break ties with international terrorism, renounce violence and abide by Afghanistan's constitution.

Published 09 Jul, 2012 12:00am

Pakistan, Afghanistan and US vow to work for Afghan peace

Pakistan, Afghan-istan and United States here on Sunday agreed to work together for Afghan peace process. T0hey committed to break ties with international terrorism, renounce violence and abide by Afghanistan's constitution.

Published 09 Jul, 2012 12:00am

Clinton not fully satisfied with relationship

The US-Pakistani relationship remains challenging for both despite the reopening of land routes to re-supply US troops in Afghanistan, US Secretary of State Hillary Clinton said on Sunday. The supply route deal removed one headache, but ties are likely to

Published 09 Jul, 2012 12:00am

Clinton not fully satisfied with relationship

The US-Pakistani relationship remains challenging for both despite the reopening of land routes to re-supply US troops in Afghanistan, US Secretary of State Hillary Clinton said on Sunday. The supply route deal removed one headache, but ties are likely to

Published 09 Jul, 2012 12:00am

FX and Gold weekly outlook: Chinese economy faces downward pressure

ECB rate cut and BOE''s liquidity injection on same day should not be a big surprise, as both were due for its monetary policy announcement. But the biggest surprise of the day came when Peoples Bank of China (POBC) announced cutting its rate 31 basis poi

Published 09 Jul, 2012 12:00am

FX and Gold weekly outlook: Chinese economy faces downward pressure

ECB rate cut and BOE's liquidity injection on same day should not be a big surprise, as both were due for its monetary policy announcement. But the biggest surprise of the day came when Peoples Bank of China (POBC) announced cutting its rate 31 basis poin

Published 09 Jul, 2012 12:00am

FX and Gold weekly outlook: Chinese economy faces downward pressure

ECB rate cut and BOE's liquidity injection on same day should not be a big surprise, as both were due for its monetary policy announcement. But the biggest surprise of the day came when Peoples Bank of China (POBC) announced cutting its rate 31 basis poin

Published 09 Jul, 2012 12:00am

Wen warns economy under pressure

Chinese Premier Wen Jiabao said Sunday that the country''s economy faces downward pressure as he called for more aggressive moves to keep growth on track, state media reported. China cut interest rates from Friday, following a similar move early last mont

Published 09 Jul, 2012 12:00am

Wen warns economy under pressure

Chinese Premier Wen Jiabao said Sunday that the country's economy faces downward pressure as he called for more aggressive moves to keep growth on track, state media reported. China cut interest rates from Friday, following a similar move early last month

Published 09 Jul, 2012 12:00am

Wen warns economy under pressure

Chinese Premier Wen Jiabao said Sunday that the country's economy faces downward pressure as he called for more aggressive moves to keep growth on track, state media reported. China cut interest rates from Friday, following a similar move early last month

Published 09 Jul, 2012 12:00am

Egypt's Morsi annuls dissolution of parliament

Egypt's new President Mohamed Morsi issued a decree on Sunday annulling the Supreme Court's dissolution of the Islamist-dominated parliament, the official MENA news agency reported. "President Morsi has issued a presidential decree annulling the decision

Published 09 Jul, 2012 12:00am

Egypt's Morsi annuls dissolution of parliament

Egypt's new President Mohamed Morsi issued a decree on Sunday annulling the Supreme Court's dissolution of the Islamist-dominated parliament, the official MENA news agency reported. "President Morsi has issued a presidential decree annulling the decision

Published 09 Jul, 2012 12:00am

THE RUPEE: Nato deal helps rise from bottom

As a result of Nato deal, all-round gains were seen on the currency market during the week, ended on July 7, 2012. In the inter-bank market the rupee gained 55 paisa in relation to dollar for buying and selling at 94.05 and 94.10. In the open market the r

Published 09 Jul, 2012 12:00am

THE RUPEE: Nato deal helps rise from bottom

As a result of Nato deal, all-round gains were seen on the currency market during the week, ended on July 7, 2012. In the inter-bank market the rupee gained 55 paisa in relation to dollar for buying and selling at 94.05 and 94.10. In the open market the r

Published 09 Jul, 2012 12:00am

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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