News Archives for Print - 2012-11-13

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (November 12, 2012).

Published 13 Nov, 2012 12:00am

Gas re-allocation to fertiliser sector: MoP facing resistance from other ministries

The Petroleum Ministry is reportedly facing stiff resistance from other ministries in re-allocation of gas to fertilizer sector which has also refused to print prices on bags due to uncertain supply of feed gas, sources close to Secretary Industries told

Published 13 Nov, 2012 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (November 12, 2012).

Published 13 Nov, 2012 12:00am

Gas re-allocation to fertiliser sector: MoP facing resistance from other ministries

The Petroleum Ministry is reportedly facing stiff resistance from other ministries in re-allocation of gas to fertilizer sector which has also refused to print prices on bags due to uncertain supply of feed gas, sources close to Secretary Industries told

Published 13 Nov, 2012 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 Nov, 2012 12:00am

Gas re-allocation to fertiliser sector: MoP facing resistance from other ministries

The Petroleum Ministry is reportedly facing stiff resistance from other ministries in re-allocation of gas to fertilizer sector which has also refused to print prices on bags due to uncertain supply of feed gas, sources close to Secretary Industries told

Published 13 Nov, 2012 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 Nov, 2012 12:00am

Malik sees 'invisible' force

Minister for Interior Rehman Malik on Monday said that an invisible force was engaged in disrupting Karachi and Quetta peace on sectarian basis, but it would not succeed in its nefarious designs. Talking to media persons after a meeting with Ulema from di

Published 13 Nov, 2012 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (November 12, 2012).

Published 13 Nov, 2012 12:00am

Malik sees 'invisible' force

Minister for Interior Rehman Malik on Monday said that an invisible force was engaged in disrupting Karachi and Quetta peace on sectarian basis, but it would not succeed in its nefarious designs. Talking to media persons after a meeting with Ulema from di

Published 13 Nov, 2012 12:00am

New York cotton

The fluctuations observed during the day:

Published 13 Nov, 2012 12:00am

Eight more killed

The unabated spree of targeted killings continued on Monday as eight more people were killed while several others injured in the city, pushing the death toll to 39 during last three days. According to police and rescue sources, unidentified armed men open

Published 13 Nov, 2012 12:00am

New York cotton

The fluctuations observed during the day:

Published 13 Nov, 2012 12:00am

Eight more killed

The unabated spree of targeted killings continued on Monday as eight more people were killed while several others injured in the city, pushing the death toll to 39 during last three days. According to police and rescue sources, unidentified armed men open

Published 13 Nov, 2012 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 13 Nov, 2012 12:00am

Karachi violence echoes in upper house

The government came under severe criticism in Senate Monday over deteriorating law and order situation in the country, especially Karachi. The MPs said any untoward incident during Muharram will further expose the government grip on security in the countr

Published 13 Nov, 2012 12:00am

Geared to Grow - Eyeing a Brighter Tomorrow

Petroleum Exploration & Production policy 2012 would give manifold strength to energy sector of Pakistan through newly defined rules & regulations. I extend my felicitations to the Ministry of Petroleum & Natural Resources for sheer dedication and hard wo

Published 13 Nov, 2012 12:00am

Karachi violence echoes in upper house

The government came under severe criticism in Senate Monday over deteriorating law and order situation in the country, especially Karachi. The MPs said any untoward incident during Muharram will further expose the government grip on security in the countr

Published 13 Nov, 2012 12:00am

Pakistan Offshore Hydrocarbon Prospective

1. General Introduction of Pakistan Offshore: Offshore Pakistan which stretches over 200,000 Sq.kms can be divided into two major units: the Indus Offshore Basin and the Makran Offshore Basin. These two units are separated by the Murray Ridge and t

Published 13 Nov, 2012 12:00am

Pakistan wins UN Rights Council seat

The United States and Germany won a closely contested race Monday among western nations for UN Human Rights Council seats, while the likes of Venezuela and Pakistan secured places without a competitive vote. Rights groups condemned the "pre-cooked" arrang

Published 13 Nov, 2012 12:00am

Shale Gas Prospectives in Pakistan

According to the department of US Energy Information Administration (USEIA) Pakistan has 51 Trillion Cubic Feet (TCF) of Shale Gas only in the Southern Pakistan which are technically recoverable while huge potential exists in the other basins of the count

Published 13 Nov, 2012 12:00am

Pakistan wins UN Rights Council seat

The United States and Germany won a closely contested race Monday among western nations for UN Human Rights Council seats, while the likes of Venezuela and Pakistan secured places without a competitive vote. Rights groups condemned the "pre-cooked" arrang

Published 13 Nov, 2012 12:00am

Pakistan's Future in Oil & Gas

The Oil and Gas sector in Pakistan has seen phenomenal growth since the independence in 1947 when oil quantities produced were scarce. These limited quantities were being produced from a few small fields located in the Potohar region. At that time was no

Published 13 Nov, 2012 12:00am

Afghanistan seeks Mullah Baradar's release

Chairman Afghan Peace Council, Salahuddin Rabbani, who arrived in Islamabad on a three-day visit in a bid to foster reconciliation process through joint efforts, on Monday sought release of a key Afghan Taliban commander Mullah Abdul Ghani Baradar, beside

Published 13 Nov, 2012 12:00am

Salient Features of Petroleum Policy, 2012

In order to encourage and attract foreign investment in the Petroleum Sector, the Ministry of Petroleum and Natural Resources has formulated Petroleum Exploration & Production Policy, 2012.

Published 13 Nov, 2012 12:00am

Afghanistan seeks Mullah Baradar's release

Chairman Afghan Peace Council, Salahuddin Rabbani, who arrived in Islamabad on a three-day visit in a bid to foster reconciliation process through joint efforts, on Monday sought release of a key Afghan Taliban commander Mullah Abdul Ghani Baradar, beside

Published 13 Nov, 2012 12:00am

Petroleum (Exploration & Production) Policies Review

In 1991, GOP introduced the first Petroleum Policy document. This was then followed by new Petroleum Policies of 1993, 1994, 1997, 2001, 2007 and 2009. Whenever previous policies were superseded by a subsequent Policy document, the existing rights granted

Published 13 Nov, 2012 12:00am

A Gift of Present Government to Pakistan

The approval of the Petroleum Exploration and Production Policy 2012 at the forum of Council of Common Interests (CCI) reiterates that the provinces and centre are on the same economic agenda for the development of the country. It is the first policy that

Published 13 Nov, 2012 12:00am

Oil cake market rates

The December vaida was unchanged and the January contract was lower on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The December vaida closed at Rs 444.00 and it opened at the same rate due owing easy supply po

Published 13 Nov, 2012 12:00am

Seedcotton prices up as ginners curtail supply

In a surprising way, when the All Pakistan Textile Mills Association (Aptma) expecting for bumper cotton crop for the current season, the ginners curtailed the supply of seedcotton to push up the rates, dealers said on the cotton market on Monday. Officia

Published 13 Nov, 2012 12:00am

Skimmed milk powder mixed on Jodia Bazaar

The trading in skimmed milk powder ended mixed on Jodia Bazaar here on Monday. The following variations were noted.

Published 13 Nov, 2012 12:00am

Lean business on grain market

Little changes were seen on the wholesale grain market on Monday owing to balanced demand supply position, dealers said. On the cereals side, Barley Sindh and Mardan were quoted higher at Rs 3600-3700, other commodity items retained week-end levels, they

Published 13 Nov, 2012 12:00am

Indian gold prices up on festive demand

Gold demand in India, the world's biggest buyer of bullion, rose on Monday as key festivals and the wedding season helped the yellow metal hit its highest level in intra-day trade since September 20. At 1003 GMT, the most active gold for December delivery

Published 13 Nov, 2012 12:00am

US winter wheat faces cold, dry weather

The drought-plagued US hard red winter wheat crop in the Plains States is facing a cold snap and more dry weather as it begins entering its winter dormancy stage of development, or so-called hibernation, agricultural weather experts said on Monday.

Published 13 Nov, 2012 12:00am

Ukraine may start maize export to China soon

Ukraine may start its first shipments of maize to China by the end of this year under an agreement which will allow the former Soviet republic pay back a $3 billion loan to the Asian giant. Ukrainian Agricultural Minister Mykola Prysyazhnyuk said on Monda

Published 13 Nov, 2012 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 119,582 tonnes of cargo comprising 79,138 tonnes of import cargo and 40,444 tonnes of export cargo including 4,380 loaded & empty containers during the last 24 hours ended at 0700 hours on Monday. The total import cargo of 79,138

Published 13 Nov, 2012 12:00am

Russian wheat prices to depend on winter crop outlook

Russian domestic wheat prices in the coming weeks will depend on the winter crop outlook, which if favourable, may allow more grain sales from state stocks and cool down the market, officials and analysts said on Monday. "The situation with the harvest fo

Published 13 Nov, 2012 12:00am

Lowest offer in Bangladesh wheat tender

The lowest offer in a Bangladesh tender to buy 50,000 tonnes of wheat that opened on Monday was $359.66 a tonne, including freight, insurance and other expenses, an official from the state grains buyer said. It was the third tender issued by the state gra

Published 13 Nov, 2012 12:00am

Patchy rains, sun seen helping Ivorian cocoa crop

Patchy rains and hot weather across most of Ivory Coast's cocoa regions last week will keep the world's top grower on track for a healthy main crop harvest of good quality beans, farmers and analysts said on Monday. Ivory Coast's main crop season opened o

Published 13 Nov, 2012 12:00am

Japan's economy shrinks

Japan's economy shrank in the September quarter for the first time since last year, adding to signs that slowing global growth and tensions with China are nudging the world's third-largest economy into recession. The 0.9 percent fall in GDP was in line wi

Published 13 Nov, 2012 12:00am

OECD sees China, US outlook stabilising, Europe still hobbled

The economic outlook remains poor for major economies though there are growing signs of stabilisation in Canada, China and the United States, the OECD said on Monday. In its latest monthly report on the global economy, the Organisation for Economic Co-ope

Published 13 Nov, 2012 12:00am

China economy recovering, bad debt risks dismissed

Comments by China's two top banking officials playing down the risks of bad debt in the banking system provided the latest upbeat signal from Beijing suggesting seven straight quarters of slowing growth have ended. Markets will be looking for the remarks,

Published 13 Nov, 2012 12:00am

S&P, Fitch face landmark trial over Italy downgrades

Italian prosecutors are seeking trial for seven current and former employees at rating agencies Standard & Poor's and Fitch over their downgrades of Italy, paving the way for the first European court case over sovereign rating cuts.

Published 13 Nov, 2012 12:00am

S&P, Fitch face landmark trial over Italy downgrades

Italian prosecutors are seeking trial for seven current and former employees at rating agencies Standard & Poor's and Fitch over their downgrades of Italy, paving the way for the first European court case over sovereign rating cuts.

Published 13 Nov, 2012 12:00am

EU Commission freezes airline emissions law

The European Union will conditionally put on hold its rule that all airlines must pay for their carbon emissions for flights to and from EU airports, the EU's executive said on Monday. The freeze follows intense pressure on the EU to scrap its law and thr

Published 13 Nov, 2012 12:00am

Australian wins $208k from Google

Google was ordered to pay Aus$200,000 (US $208,000) in damages to an Australian Monday after a jury found the Internet giant defamed him by publishing material linking him to mobsters. Milorad Trkulja, an entertainment promoter who is now 62, was shot in

Published 13 Nov, 2012 12:00am

Airbus sells 460 planes in January-October

European planemaker Airbus won 460 aircraft orders in the first 10 months of the year, less than half the score by Boeing as its US arch rival continued to benefit from a surge in demand for its new fuel-efficient 737 MAX model. Airbus said net orders in

Published 13 Nov, 2012 12:00am

India unveils new version of 'world's cheapest tablet'

India has launched a new version of what is dubbed the world's cheapest computer - on sale to students at the subsidised price of $20 - with a quicker processor and an improved battery. The Aakash tablet has been developed as a public-private partnership

Published 13 Nov, 2012 12:00am

Dismal trade, production data deepens fears about Indian economy

India's economic gloom deepened on Monday with a surprise contraction in industrial production, a fall in exports and higher retail inflation, dashing hopes of a quick revival in an economy on track to post its slowest growth in a decade.

Published 13 Nov, 2012 12:00am

No aid for Greece despite austerity vote

The eurozone will not authorise more money for Greece on Monday, despite the country approving a tough 2013 budget, because there is still no agreement on how to make its debts sustainable. Finance ministers meeting in Brussels should, however, give Athen

Published 13 Nov, 2012 12:00am

Abu Dhabi's index rallies most in nine months

Shares in Abu Dhabi made their biggest one-day gain in nine months on Monday, while most other Gulf stock indexes slipped as investors booked gains against a weak global backdrop. Abu Dhabi's main market index finished 1.3 percent higher, its largest dail

Published 13 Nov, 2012 12:00am

Nikkei at four-week low

Japan's Nikkei stock average fell for a sixth straight day and closed at a four-week low on Monday, hurt by a strong yen and worries about a possible US fiscal crisis that may push the world's largest economy into recession Data showing Japan's economy ha

Published 13 Nov, 2012 12:00am

Monday's midday trade: US stocks extend losses

US stocks fell on Monday, extending their losses after suffering the worst weekly decline in five months, as lingering worries about the upcoming debate on the fiscal cliff weighed on investor sentiment. Adding to concerns, Barclays cut its year-end targe

Published 13 Nov, 2012 12:00am

Taiwan stocks down

Taiwan stocks ended were 0.35 percent lower on Monday, but smartphone maker HTC jumped 6.8 percent to reach its upper limit after agreeing a settlement of patent issues with Apple Inc. The main TAIEX index fell 25.47 points to 7,267.75, after opening 0.15

Published 13 Nov, 2012 12:00am

Australian shares slip

Australian shares edged 0.3 percent lower on Monday, falling for the third day on concerns over the US fiscal cliff, Greece's debt bailout, and profit warnings from corporates. Top insurer QBE Insurance Group plunged as much as 15 percent to a 10-month lo

Published 13 Nov, 2012 12:00am

Indian shares falter

Indian shares ended slightly lower on Monday after a surprise contraction in industrial production and other data showing a fall in exports and high consumer inflation deepened fears about the Indian economy, hitting capital good stocks especially hard.

Published 13 Nov, 2012 12:00am

Hong Kong, China shares see small gains

Hong Kong shares rose slightly on Monday after last week's slump, buoyed by gains in property developers and Chinese internet giant Tencent, although worries about the US fiscal cliff kept trading activity muted. The Hang Seng index rose 0.2 percent to cl

Published 13 Nov, 2012 12:00am

US fiscal, Greek debt concerns hit European shares

European shares ended lower for a fourth straight session on Monday, with mounting uncertainties related to a looming US fiscal crisis and the next tranche of aid for Greece hurting investor sentiment. Analysts said if the euro zone's blue-chip Euro STOXX

Published 13 Nov, 2012 12:00am

Southeast Asian markets: Malaysia hits six-week low

Major Southeast Asian stock markets closed weaker-to-flat on Monday with Malaysia hitting a six-week low as concerns over the global economy dented sentiment, led by the US fiscal cliff, Greece's bailout, and a sluggish Japanese economy. Malaysia dropped

Published 13 Nov, 2012 12:00am

South Korean shares extend losses

South Korean shares lost ground for a third consecutive day on Monday, dogged by investor concerns about the risks to the global economy from the approaching US "fiscal cliff" of tax hikes and spending cuts. The Korea Composite Stock Price Index (KOSPI) f

Published 13 Nov, 2012 12:00am

'Safe-haven' UK stocks flat as eurozone falters

Britain's FTSE 100 finished flat but outperformed European stocks on Monday, led by a financials sector that bucked the broader European trend as investors sought refuge from euro zone debt distress. Financials, the broad sector which includes banks, insu

Published 13 Nov, 2012 12:00am

Yuan hits record high

Buoyed by positive economic data, China's yuan rose to a record high on Monday as persistent dollar selling by Chinese corporates drove the spot rate to its maximum daily limit after the central bank set an unusually strong midpoint rate. The People's Ban

Published 13 Nov, 2012 12:00am

Euro steadies in Asia

The euro held above a two-month low in Asian trading on Monday after Greece's ruling coalition secured enough votes in parliament on Sunday to approve the 2013 budget law, but its potential for gains was thought to be limited by the impending meeting of e

Published 13 Nov, 2012 12:00am

Early trade in New York: euro off two-month lows

The euro rose for the first time in four sessions against the dollar on Monday after recently hitting a two-month low as Greece's approval of a tough 2013 budget and upbeat Chinese economic data caused risk aversion to recede somewhat. The single currency

Published 13 Nov, 2012 12:00am

Euro gains against dollar in London

The euro inched up from a recent two-month low against the dollar on Monday after Greece's ruling coalition secured enough votes in parliament to approve a tough 2013 budget. Gains in the single currency were seen limited before a meeting later in the day

Published 13 Nov, 2012 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 81.70-81.75 (previous 81.68-81.70). Call Money Rates: 09.00-09.00 percent (previous 08.60-09.50 percent).

Published 13 Nov, 2012 12:00am

Australian and New Zealand dollars up

The Australian and New Zealand dollars edged higher on Monday, underpinned by a surging yuan, though investors remained wary about fiscal woes in the United States and uncertainty in Europe. The kiwi dollar rose 0.2 percent on the day to $0.8163, from $0.

Published 13 Nov, 2012 12:00am

Taiwan dollar leads Asian forex gains

The Taiwan dollar hit a 14-month high on Monday, leading gains among emerging Asian currencies on inflows after more signs of economic stabilisation in the United States and China, Asia's major export markets, and on a record high for the yuan. The Taiwan

Published 13 Nov, 2012 12:00am

Indian rupee tumbles

The Indian rupee fell to its lowest in two months on Monday after data showing a record trade deficit and contraction in factory output stoked fears about economic growth at a time of continued high inflation. The rupee's fall to as low as 55.12 to the do

Published 13 Nov, 2012 12:00am

Pound hits two-month low against dollar

Sterling hit a two-month low against the dollar on Monday, extending falls after the effect on monetary policy of last week's bond-buying changes and on caution before Wednesday's Bank of England Inflation Report. The pound was down 0.15 percent at $1.586

Published 13 Nov, 2012 12:00am

Rahim hopes Bangladesh up to West Indies challenge

Bangladesh skipper Mushfiqur Rahim backed his team to come good against the West Indies on Tuesday, despite the fact they have not played a Test for 11 months. The Tigers played their last series against Pakistan in December, losing 2-0, and a rained-off

Published 13 Nov, 2012 12:00am

Federer brushes past Murray to set up Djokovic clash

Roger Federer remains on course for a seventh ATP Tour Finals title after the defending champion defeated third seed Andy Murray 7-6 (7/5), 6-2 on Sunday to set up a final showdown with Novak Djokovic. Federer produced another of the supremely dominant di

Published 13 Nov, 2012 12:00am

Rain ruins New Zealand victory hopes

New Zealand's hopes of posting a consolation win against Sri Lanka were shattered by rain as the fifth and final one-day international was called off after 28.3 overs in Hambantota on Monday. Sri Lanka won the five-match series 3-0, with the first and las

Published 13 Nov, 2012 12:00am

Aussies look for win after Clarke, Cowan tons

Majestic Michael Clarke unfurled another double century and opener Ed Cowan scored his first Test hundred as Australia batted South Africa out of the opening Brisbane Test on Monday. Clarke produced an imperious captain's knock with his third huge innings

Published 13 Nov, 2012 12:00am

Pakistani hockey team to be named tomorrow

Pakistan hockey team will be named here on November 14 to take part in two major tournaments in Australia later this month. "Pak team manager and head coach, Akhtar Rasool will name the team as the PHF has given the selection committee authority to the te

Published 13 Nov, 2012 12:00am

Serena Hotels hold Annual Invitational Golf Tournament

Serena Hotels held their Annual Invitational Golf Tournament at the Islamabad Golf Club last Saturday. It was a well-attended affair with over 85 participants including ambassadors, CEOs and directors of esteemed ministries and organisations playing for a

Published 13 Nov, 2012 12:00am

Pakistan Football Federation League begins

Pakistan Football Federation (PFF)'s 9th Pakistan Football Federation League-2012 (PFFL-2012), featuring 13 departmental, nine clubs from provinces and regions will kick off on Tuesday (today) with matches being played at seven centres of the country ie K

Published 13 Nov, 2012 12:00am

Indian athlete in gender dispute charged with rape

Indian police on Monday charged an international gold medal-winning athlete with raping her former partner after medical tests showed she was actually a man. Pinki Pramanik, who retired in 2007 after winning team gold in the 4x400m relay at the 2006 Asian

Published 13 Nov, 2012 12:00am

Hong Kong to cut Iranian ships from register

Hong Kong will stop allowing 19 ships linked to the Islamic Republic of Iran Shipping Lines (IRISL) from operating under its flag, a government letter showed, in the latest blow to Tehran's sanctions-hit global trade. A letter from the Hong Kong governmen

Published 13 Nov, 2012 12:00am

Taiwan tests new anti-ship missile

Taiwan tested its longest range ship-to-ship missile within a month of China putting its first aircraft carrier into service, a report said Monday. Dubbed an "aircraft carrier killer", the missile has a range of 400 kilometres (250 miles) and is capable o

Published 13 Nov, 2012 12:00am

Swiss lawmakers to probe handing bank data to US

A Swiss parliamentary commission said Monday it would investigate a government decision earlier this year to allow banks to hand over data on their employees to Washington as part of a tax evasion probe. The management commission of the lower house of par

Published 13 Nov, 2012 12:00am

Swiss lawmakers to probe handing bank data to US

A Swiss parliamentary commission said Monday it would investigate a government decision earlier this year to allow banks to hand over data on their employees to Washington as part of a tax evasion probe. The management commission of the lower house of par

Published 13 Nov, 2012 12:00am

Iran launches 'biggest ever' air drills

Iran launched military drills across half the country on Monday, warning it would act against aggressors less than a week after Washington accused Iranian warplanes of firing on a US drone. The manoeuvres will take place this week across 850,000 square ki

Published 13 Nov, 2012 12:00am

German tax authorities raid UBS clients

German authorities Monday launched nation-wide raids on suspected tax evaders in connection with a probe into several hundred Germany-based clients of Swiss bank giant UBS, a local prosecutor told AFP. "We are investigating several hundred domestic client

Published 13 Nov, 2012 12:00am

German tax authorities raid UBS clients

German authorities Monday launched nation-wide raids on suspected tax evaders in connection with a probe into several hundred Germany-based clients of Swiss bank giant UBS, a local prosecutor told AFP. "We are investigating several hundred domestic client

Published 13 Nov, 2012 12:00am

New Syria's opposition leader seeks world recognition

Syria's newly named opposition leader, a soft-spoken cleric backed by Washington and the Gulf Arab states, launched his quest on Monday for international recognition of a government-in-waiting to topple President Bashar al-Assad. Mouaz Alkhatib, a former

Published 13 Nov, 2012 12:00am

French surgeons strike over pay limits

French surgeons began on Monday an open-ended strike to protest against perceived threats to their freedom and pay. The protest has been called by 30 unions and professional bodies who are making various demands, with organisers claiming a significant imp

Published 13 Nov, 2012 12:00am

News chief steps aside as BBC crisis deepens

The head of news at the British Broadcasting Corporation stepped aside on Monday after a programme falsely accusing a former senior politician of child abuse sparked one of the worst crises in the publicly-funded broadcaster's 90-year history. The BBC has

Published 13 Nov, 2012 12:00am

Starbucks, Amazon and Google to face UK lawmakers over tax

UK lawmakers will quiz executives of Starbucks, Google and Amazon on Monday about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here. The Public Accounts Committee (PAC), which is cha

Published 13 Nov, 2012 12:00am

Starbucks, Amazon and Google to face UK lawmakers over tax

UK lawmakers will quiz executives of Starbucks, Google and Amazon on Monday about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here. The Public Accounts Committee (PAC), which is cha

Published 13 Nov, 2012 12:00am

Blast kills one in India

A man was killed and another injured in a blast on Monday in the insurgency-racked north-eastern Indian state of Manipur, police said. They said a bomb exploded on a road in the state capital Imphal. "A few people were standing on the roadside when the bl

Published 13 Nov, 2012 12:00am

Deutsche Bank to run Berlin museum without Guggenheim

Germany's top bank, Deutsche Bank, said Monday it would continue to run a museum for contemporary art in Berlin without its erstwhile partner, New York's Guggenheim Foundation. From April 2013, the Deutsche Guggenheim on Berlin's stately Unter den Linden

Published 13 Nov, 2012 12:00am

Cray supercomputer named world's fastest

A Cray supercomputer at the US government's Oak Ridge National Laboratory was named Monday the world's fastest, overtaking an IBM supercomputer at another American research center. The ranking released by researchers from the United States and Germany fou

Published 13 Nov, 2012 12:00am

Britain's Falklands governor during 1982 invasion dies

The British governor of the Falkland Islands at the time of the 1982 Argentine invasion, who wore his full ceremonial uniform as he was taken prisoner, has died aged 86, the government said on Monday. Rex Hunt organised the defence to the invasion despite

Published 13 Nov, 2012 12:00am

Italy police clash with jobless youth protesters

Italian riot police wielding batons on Monday clashed with several hundred demonstrators who were protesting in Naples over youth unemployment during a visit by the labour minister. Protesters wearing masks of Labour Minister Elsa Fornero and holding alof

Published 13 Nov, 2012 12:00am

Thousands to watch rare total eclipse in Australia

Tens of thousands of people were flocking to Australia's tropical north Monday to watch a rare total solar eclipse, a phenomenon officials say has not been seen in the region in 1,300 years. The Queensland state government expects up to 60,000 visitors wi

Published 13 Nov, 2012 12:00am

Nato chief says ready to help Turkey 'if needed'

Nato is ready to help member state Turkey as the 20-month conflict in Syria is increasingly spilling across the border, the alliance's chief Anders Fogh Rasmussen said Monday. "Turkey can rely on Nato solidarity, we have more plans in place to defend and

Published 13 Nov, 2012 12:00am

Georgian Prime Minister, on Brussels visit, criticised over arrests

Nato and European Union leaders upbraided Georgian Prime Minister Bidzina Ivanishvili on Monday over the arrest of political opponents as he visited Brussels to try to bolster ties with the West. Ivanishvili, a billionaire whose coalition won a parliament

Published 13 Nov, 2012 12:00am

Merkel, in anxious Lisbon, hails austerity drive

Angela Merkel faced scattered protests on Monday in Lisbon, where she delivered German endorsement of a government austerity drive designed to honour a bailout loan but which critics fear may only deepen the slump. "The situation is difficult but what Por

Published 13 Nov, 2012 12:00am

US Congress to grill spy chiefs over Petraeus probe

Fresh reports piled pressure on Monday on FBI and CIA officials to explain the circumstances and timing of an investigation that ended the storied career of spy chief David Petraeus just three days after President Barack Obama's re-election.

Published 13 Nov, 2012 12:00am

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 18	273.10

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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