AAKRA MONEY EXCHANGE

Head Office

Address: Shop No.32-33,Aakra Centre,Near Jahangir Park,Saddar karachi, Sindh 74000

Telephone:(92 21) 2231777 , (92-21) 2231666

Fax:(92 21) 2231999

ABID CURRENCY

Head Office

Address: Shop # 7,Time Center,Opp.Bilour Plaza,Saddar Peshawar, N.W.F.P

Telephone: (92 91) 5270370

Fax: (92 91) 5275923

AHMAD MONEY CHANGER

Head Office

Address: B-1,Raheem Complex,Main Market,Gulberg-II Lahore, punjab

Telephone:(92 42) 5713421 , (92 42) 5713728

AJMAIR INTERNATIONAL

Head Office

Address: Shop #5,SNC Plaza,Blue Area,Behind Usmania Restaurant islamabad, punjab

Telephone:(92 51) 2275179 , (92-51) 2274424

AL-ABBAS ENTERPRISES

Head Office

Address: Shop #14,Mall Plaza,Near GPO Cantt. rawalpindi,

Telephone:(92 51) 5528383 , (92-51) 5524505

AL-MUZHER MONEY CHANGER

Head Office

Address: 4-Montgomery Road lahore, punjab

Telephone:(92 42) 6363631 , (92 42) 6303378

AL-RAHIM INTERNATIONAL

Head Office

Address: 3 Al-Rahim Towers,I.I. Chundrigar Road karachi, Sindh 74000

Telephone:(92 21) 2440546 , (92 21) 2440545

Fax:(92 21) 2440549

ALI HAIDER MONEY EXCHANGE

Head Office

Address: 1,Ground Floor,Sadiq Plaza,Near Masjid-e-Shohda,The Mall lahore, punjab

Telephone:(92 42) 6278885 , (92 42) 6278847

Fax:(92 42) 6362833

ALI INTERNATIONAL

Head Office

Address: 7-8,1st Floor,Ruby Centre,Opp:City Post Office,Talpur Rd,Boulton Market karachi, Sindh 74000

Telephone:(92 21) 2426841 , (92 21) 2422089

Fax:(92 21) 2419583

ALLIED GROUP OF BUSINESS

Head Office

Address: Office# 105, Ist Floor, Dossul Arcade, Jinnah Avenue, Blue Area, Islamabad islamabad, punjab

Telephone: +92-51-2277283

ASMA MONEY EXCHANGER'S

Head Office

Address: Shop #2,Sadiq Plaza,69-The Mall lahore, punjab

Telephone: (92 42) 6367737 , (92 42) 6310442

Fax:(92 42) 6365804

Aylia Financial Service

Address: Office# 4, Ground Floor, City Arcade, I-8 Markaz, Islamabad islamabad, punjab

Telephone: +92-51-4862518

Bank of Punjab

Head Office

Address: Business & Finance Centre I.I.Chundrigar Rd. karachi, Sindh 74000

Telephone:+92-21-2412113 , +92-42-9200421

Branch Office

Address: Business & Finance Centre I.I.Chundrigar Rd. karachi, Sindh 74000

Telephone: +92-21-2412113, 2412114, 2412115, 2412116

PABX: +92-21-2401870, 2401871, 2401872, 2401873

UAN:+92-21-111200100

Fax: +92-21-2472991

Branch Office

Address: INTERNATIONAL DIVISION:Business & Finance Centre I.I.Chundrigar Rd. karachi, Sindh 74000

Telephone: +92-21-2415865

UAN: +92-21-111200100

PABX:+92-21-2401870, 2401871, 2401872, 2401873

Fax: +92-21-2415862

Branch Office

Address: 1st Floor, Marine Faisal Bldg. Nr. Hotel Faran. karachi, Sindh 74000

Telephone: Phone: +92-21-4545222, 4545262

PABX: +92-21-4542066, 4542077, 4542088

Fax: +92-21-4542044

Branch Office

Address: I.I.CHUNDRIGAR ROAD: Business & Finance Centre I.I.Chundrigar Rd. karachi, sindh 74000

Telephone: +92-21-2415861

UAN+92-21-111200100

PABX+92-21-2401870, 2401871, 2401872, 2401873

Fax: +92-21-2415863

Branch Office

Address: MALIR HALT BRANCH: Shmasi Cooperative Housing Society, Malir Halt. karachi, sindh 74000

Telephone: +92-21-9248940, +92-21-9248942

Fax: +92-21-9248941

Regional Office

Address: REGIONAL OFFICE:Business & Finance Centre I.I.Chundrigar Rd. karachi, Sindh 74000

Telephone: +92-21-2415864, 2472945

UAN: +92-21-111200100

PABX: +92-21-2401870, 2401871, 2401872, 2401873

Fax: +92-21-2415862

WTI Oil Drops for a Fourth Day as U.S. Crude Inventories Advance

West Texas Intermediate fell for a fourth day after industry data showed crude stockpiles rose for a ninth week in the U.S., the world’s biggest oil consumer.

Futures slid as much as 0.3 percent in New York. Crude inventories increased by 6.92 million barrels last week, the American Petroleum Institute said yesterday. An Energy Information Administration report today is projected to show supplies climbed by 750,000 barrels, according to a Bloomberg News survey. The Organization of Petroleum Exporting Countries will keep its production quota unchanged at a meeting next week in Vienna, a separate survey shows.

“The key for the market will be those numbers” from the EIA, said David Lennox, a resource analyst at Fat Prophets in Sydney who predicts OPEC will keep its output target unchanged at the Dec. 4 gathering. “New supply in the U.S. is causing a build-up of inventories.”

WTI for January delivery dropped as much as 32 cents to $93.36 a barrel in electronic trading on the New York Mercantile Exchange, and was at $93.39 at 3:45 p.m. Singapore time. The contract lost 0.4 percent to $93.68 yesterday. The volume of all futures traded was more than double the 100-day average.

Brent for January settlement gained 2 cents to $110.90 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $17.51 to WTI. The spread was $17.20 yesterday, the widest in more than eight months based on closing prices.

Gold Rallies From Four Month Low as Weaker Prices Boost Demand

Gold rebounded from a four-month low to the highest level in almost a week as the dollar weakened and lower prices spurred demand in China, the second-largest consumer, countering outflows from exchange-traded products.

Bullion for immediate delivery rose as much as 0.6 percent to $1,258.30 an ounce, the highest level since Nov. 20, before trading at $1,252.64 by 12:26 p.m. in Singapore. Prices touched $1,225.55 yesterday, the lowest since July 8, as an accord between Iran and world powers damped demand for haven assets.

Volumes for cash gold of 99.99 percent purity on the Shanghai Gold Exchange rose to 15,077 kilograms yesterday, the most since Nov. 13. Assets in the SPDR Gold Trust, the biggest ETP backed by bullion, shrank to 848.91 metric tons yesterday, the least since January 2009, contracting for a sixth day in the longest slump since August. The Bloomberg U.S. Dollar Index, which tracks the currency against 10 major counterparts, fell 0.1 percent to 1,020.06.

“The slight pullback in the dollar may be helping gold but that said, the issue of U.S. monetary policy continues to weigh on the market,” said Mark To, head of research at Wing Fung Financial Group, a Hong Kong-based trader and refiner. “Gold may be oversold and have a technical bounce in the near-term.”

Prices that last week capped the worst weekly performance in two months pushed gold’s 14-day relative-strength index to 30 for a fourth day yesterday, a level that suggests to some analysts who study technical charts that bullion may rebound.

Fed Stimulus

Gold tumbled 25 percent this year, entering a bear market in April. Investors sold metal from ETPs at a record pace as inflation failed to accelerate and on expectations the Federal Reserve will begin scaling back its $85 billion-a-month of asset purchases that helped bullion cap a 12-year bull run in 2012.

Gold for February delivery on the Comex in New York gained as much as 1.3 percent to $1,258.20 an ounce, before trading at $1,252.30, in volume that was 10 percent above the average for the past 100 days at this time.

Spot silver fell as much as 0.6 percent to $20.1186 an ounce after a 1.9 percent advance yesterday, the most in a month. Prices touched $19.5955 yesterday, the lowest since Aug. 8. Metal in ETPs dropped to 19,794.6 tons yesterday, the least since Aug. 13, according to data tracked by Bloomberg, and has declined 1.6 percent from a record in October.

Platinum traded at $1,387.60 an ounce from $1,385.75 yesterday, when prices dropped to a six-week low of $1,374.40. Palladium gained 0.3 percent to $723.25 an ounce, advancing for a fourth day.

Yen Snaps Drop as BOJ Member Concerned on Economy

The yen snapped a three-day decline versus the dollar after some Bank of Japan officials said they saw risks to the outlook for the economy. The yen was supported after minutes of the BOJ’s October meeting published today showed one member said it was “highly uncertain” whether inflation would rise toward the 2 percent target. The euro gained after China’s central bank governor said the currency is important to his nation’s reserve management. European Central Bank Executive Board member Joerg Asmussen, who has said negative deposit rates are a possible tool, will speak today. Australia’s dollar rose after Reserve Bank Deputy Governor Philip Lowe said the bar for intervention is high.

BOJ officials are “somewhat tentative and cautious,” said Callum Henderson, the global head of currency research at Standard Chartered Plc in Singapore. “Our expectation is for further gradual gains in dollar-yen, but it’ll be a slow grind rather than a dramatic move higher.”

Japan’s currency gained 0.1 percent to 101.55 per dollar at 7:02 a.m. in London after reaching 101.92 yesterday, the weakest since May 29. The yen was little changed at 137.40 per euro, above a four-year low. The euro rose 0.1 percent to $1.3531 from yesterday, when it slid 0.3 percent.

The BOJ said in April it wanted to achieve 2 percent inflation (ECCPEST) in about two years. Consumer prices excluding fresh food climbed 0.7 percent in September from a year ago. Central bank board member Sayuri Shirai proposed adding “attention should be paid to the downside risks” to the bank’s outlook report as “there was a high degree of uncertainty regarding developments in overseas economies and households’ employment and income situation,” the BOJ minutes showed.

Yen Gain

The yen will probably strengthen to 100 per dollar by Dec. 31, according to the median estimate of analysts surveyed by Bloomberg. The euro will probably be at $1.34 by then, a separate poll showed.

People’s Bank of China Governor Zhou Xiaochuan’s remarks on the euro were made in Beijing today, according to Market News International.

The ECB’s Asmussen is scheduled to speak in Berlin later today. He said on Nov. 23 he wouldn’t fundamentally exclude setting a negative deposit rate and that the central bank will continue to act if necessary to ensure price stability. Council member Ardo Hansson said in an interview in Tallinn on Nov. 22 that the Frankfurt-based central bank’s “options on rate cuts are still not fully exhausted and there are all kinds of other measures that are still on the table.”

Subdued Inflation

Inflation in Europe probably stayed close to the lowest level in almost four years in November with a reading of 0.8 percent, according to the median prediction of economists polled by Bloomberg News before a Nov. 29 report.

ECB policy makers will “continue to suggest that they may go down these alternate paths of negative rates, or possibly some kind of asset purchase, if and when they feel it’s necessary as the lack of inflation is becoming more entrenched,” said Emma Lawson, a Sydney-based senior currency strategist at National Australia Bank Ltd. “We are likely to see the euro come under pressure as they discuss all of their options.”

The Aussie climbed versus most of its major peers, advancing 0.3 percent to 91.86 U.S. cents.

“We don’t rule intervention in or out, that’s been a long-standing practice,” the RBA’s Lowe said in response to an audience question following a speech in Sydney today. “In the past, we have been prepared to intervene in the currency market when it’s clear the currency was misaligned or the market wasn’t working well. The threshold for intervention though is fairly high.”

Turkey Pileup Signaling Discounts for Thanksgiving

The Henningsen Cold Storage Co. warehouse in Stilwell, Oklahoma, was so jammed with frozen turkeys from the likes of Butterball LLC and Cargill Inc. this year that manager Scott Mayberry turned down requests to store about 1 million more birds, or double his inventory. “We didn’t have any room,” said Mayberry, who manages 3.5 million cubic feet of space that is the size of two Home Depot Inc. (HD) stores and usually holds as much as 20 million pounds (9,072 metric tons) of frozen turkeys before the Thanksgiving holiday in November, the peak for U.S. demand.

Rising output last year and slowing sales left domestic stockpiles tracked by the government at four-year highs in August and September. That signals deeper seasonal discounts on retail prices that are the highest on record going back to 1980, because about 85 percent of the 46 million birds Americans eat at Thanksgiving meals are frozen rather than fresh, according to the National Turkey Federation. “We overproduced a bit in 2012, and we had quite a few excess birds left over in freezers,” said Tom Elam, the president of food-industry consultant FarmEcon LLC in Carmel, Indiana.

U.S. warehouses held 325.34 million pounds of frozen whole turkeys in September and 335.55 million pounds in August, the highest for each month since 2009, U.S. Department of Agriculture data show. Stockpiles typically peak at that time of year in preparation for Thanksgiving, said David Harvey, a USDA economist.

Big Board Advisory Service

Head Office

Address: M-9/10 AL-KAMRAN CNTR 2ND MEZ FLR P/NO 7-A BLK 6 PECHS karachi, Sindh 74000

Telephone: +92-21-4380831

CASH CORNER CURRENCY EXCHANGE Karachi

Head Office

Address: Showroom No.13 Amber Tower Blk-6 PECHS Karachi, Sindh 74000

Telephone:  +92-21-4324078

CASH CORNER CURRENCY EXCHANGE

Head Office

Address: Shop No.25, Mall Plaza Rawalpindi, Islamabad

Telephone: (92 51) 5523339
                       (92-51) 5513850