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Archive - 2007-06-14
German police under fire after far right attack

German police under fire after far right attack

A bungled police response to a brutal neo-Nazi attack on a troupe of actors in eastern Germany has shocked the country and raised questions about the effectiveness of the police in fighting far-right crime.
Published 14 Jun, 2007 12:00am
Four Buddhists killed in Thailand

Four Buddhists killed in Thailand

Suspected Muslim separatist rebels have killed four Buddhists and wounded eight soldiers in three separate attacks in Thailand's rebellious south, police said on Wednesday. One of the victims was beheaded.
Published 14 Jun, 2007 12:00am
Sarkozy key for getting Poland to back EU treaty

Sarkozy key for getting Poland to back EU treaty

French President Nicolas Sarkozy's visit to Poland on Thursday could tip the balance in persuading its eurosceptic conservative leaders not to veto talks on a new European Union treaty.
Published 14 Jun, 2007 12:00am
Philippine Catholics, Muslims appeal to free priest

Philippine Catholics, Muslims appeal to free priest

Roman Catholic and Muslim religious leaders appealed to Islamic rebels on Wednesday to free an Italian priest kidnapped in the southern Philippines, as the army said there had been no sightings of the abductors. Giancarlo Bossi, a 57-year-old member of th
Published 14 Jun, 2007 12:00am
Philippine unable to stop beheading in Saudi Arabia

Philippine unable to stop beheading in Saudi Arabia

The Philippines government said Wednesday it was unable to stop the execution of a Filipino national in Saudi Arabia despite last minute efforts to try to save him. Mistola Cortez was beheaded by the sword in Riyadh on Wednesday for murdering a Pakistani
Published 14 Jun, 2007 12:00am
Nadal warms up for Wimbledon with regulation win

Nadal warms up for Wimbledon with regulation win

French Open champion Rafael Nadal warmed up for Wimbledon on Wednesday with a 6-4 6-4 win over regular victim Juan Martin del Potro in the second round of the Queen's grasscourt tournament. The claycourt grand master, who had a bye into the second round,
Published 14 Jun, 2007 12:00am
Lara set for U-turn

Lara set for U-turn

West Indies legend Brian Lara has hinted at a return to cricket only months after announcing his retirement from the international game. Lara announced his West Indies retirement following his country's failure to qualify for the semi-finals at the World
Published 14 Jun, 2007 12:00am
Bell settling at No 6

Bell settling at No 6

Ian Bell is settling in at number six after being pushed up and down the England batting order. His place in the side has often appeared to be dependent on the fitness of England captain Michael Vaughan and all-rounder Andrew Flintoff, as much as his own
Published 14 Jun, 2007 12:00am
Johnson tries to repeat magical Masters at US Open

Johnson tries to repeat magical Masters at US Open

Zach Johnson, who donned the green jacket after a magical Masters, hopes his skill with the putter will do the trick again at the US Open starting on Thursday. "Speed-wise, very, very similar," Johnson told reporters on Tuesday comparing the pace of Oakmo
Published 14 Jun, 2007 12:00am
Sri Lanka recall Atapattu

Sri Lanka recall Atapattu

Sri Lanka have recalled former captain Marvan Atapattu for their Test series against Bangladesh starting this month. Atapattu, 36, last played Test cricket against India in 2005 before he was sidelined for 18 months with a serious back injury.
Published 14 Jun, 2007 12:00am
Jayasuriya joins Lancashire

Jayasuriya joins Lancashire

Sanath Jayasuriya, one of the world's most devastating one-day players, is to join Lancashire on a short-term contract to cover for the absence of fellow Sri Lankan Muttiah Muralitharan. A statement from the English county on Wednesday said all-rounder Ja
Published 14 Jun, 2007 12:00am
Henman given Nottingham wildcard

Henman given Nottingham wildcard

Struggling former British number one Tim Henman has been given a wildcard entry for next week's Nottingham Open, organisers of the Wimbledon warm-up event said on Wednesday. Henman, 32, lost in the opening round of the Queen's tournament in London on Tues
Published 14 Jun, 2007 12:00am
Hong Kong dollar edges lower

Hong Kong dollar edges lower

The Hong Kong dollar fell against a broadly stronger US dollar on Wednesday, while most interbank rates came off from the day's highs. The domestic currency was trading at 7.8168/70 to the US dollar, a touch lower than 7.8151/57 in late Tuesday trade in A
Published 14 Jun, 2007 12:00am
Rupiah and peso hit in Asian trade

Rupiah and peso hit in Asian trade

Most Asian currencies fell against the dollar on Wednesday, led by a sell-off in the Indonesian rupiah and Philippine peso, as surging US bond yields lured investors away from riskier assets. The high-yielding rupiah slipped to the weaker side of 9,000 pe
Published 14 Jun, 2007 12:00am
Bangladesh interbank forex and interest rates

Bangladesh interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 68.72/68.80 (previous 68.80/68.90). Call money rates: 6.75-12.00 percent (previous 8.00-12.50 percent.
Published 14 Jun, 2007 12:00am
Dollar rises versus euro

Dollar rises versus euro

The dollar rallied against the euro for the fifth consecutive session on Tuesday to an 11-week high, according to Reuters data, as rising US Treasury yields lured investors. With few major US economic indicators on Tuesday.
Published 14 Jun, 2007 12:00am
Dollar strikes 4-1/2-year high

Dollar strikes 4-1/2-year high

The dollar soared to a 4-1/2-year peak against the yen and an 11-week high versus the euro on Wednesday as a sharp rise in US bond yields boosted the dollar's allure while carry trades proved resilient.
Published 14 Jun, 2007 12:00am
Yuan closes up

Yuan closes up

China's yuan closed stronger against the dollar on Wednesday after hitting its highest since its 2005 revaluation, but the outlook is murky as US senators prepare legislation aimed at prodding the currency to rise much faster, dealers said.
Published 14 Jun, 2007 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc fell on Wednesday as rising yields in US bonds increased the greenback's allure and as traders positioned themselves for a quarter-point rate hike from the SNB on Thursday. Traders said the franc weakness was likely to continue.
Published 14 Jun, 2007 12:00am
Philippines shares slump

Philippines shares slump

Philippines share prices closed 0.76 percent lower on Wednesday after Wall Street's tumble on rising US bond yields which sparked concerns the Federal Reserve could raise interest rates, dealers said. The composite index shed 27.28 points to 3,543.82, aft
Published 14 Jun, 2007 12:00am
Jakarta shares plunge

Jakarta shares plunge

Indonesian share prices closed 0.95 percent lower on Wednesday pressured by falls on Wall Street overnight and subsequent losses in key East Asian markets, dealers said. They said major stocks such as Telkom, Astra International and mining stocks led the
Published 14 Jun, 2007 12:00am
Nikkei falls on rate worry

Nikkei falls on rate worry

The Nikkei average slipped 0.16 percent on Wednesday as Mitsui Fudosan Co Ltd and other property firms fell on concerns about rising interest rates, while a slide in metal prices hit metal shares. But the market received support from exporters such as Son
Published 14 Jun, 2007 12:00am
Thai shares weaken

Thai shares weaken

Thai share prices closed 2.26 percent lower on Wednesday amid worries over political tensions between the country's junta and deposed premier Thaksin Shinawatra, dealers said. They said sentiment was also downbeat due to mostly sluggish regional markets.
Published 14 Jun, 2007 12:00am
Malaysian shares drop

Malaysian shares drop

Malaysian share prices closed 0.55 percent lower on Wednesday with a sharp decline overnight on Wall Street weighing on sentiment, dealers said. Plantation majors extended losses after crude palm oil futures traded on the derivatives market dropped in vol
Published 14 Jun, 2007 12:00am
Indian shares slip

Indian shares slip

Indian share prices slipped 0.91 percent on Wednesday as investors locked-in gains over concern that the central bank may raise interest rates in the face of fast economic growth, dealers said. They said the benchmark index fell on renewed concern of high
Published 14 Jun, 2007 12:00am
US Treasury prices finish lower

US Treasury prices finish lower

US government bond prices sank on Tuesday, pushing benchmark yields to a five-year high on fears that strong global demand will force central banks to raise interest rates and relentless selling by mortgage players.
Published 14 Jun, 2007 12:00am
US Treasury prices finish lower

US Treasury prices finish lower

US government bond prices sank on Tuesday, pushing benchmark yields to a five-year high on fears that strong global demand will force central banks to raise interest rates and relentless selling by mortgage players.
Published 14 Jun, 2007 12:00am
US stocks tumble

US stocks tumble

US stocks fell sharply on Tuesday as bond yields shot to their highest in five years, stoking fears that higher borrowing costs could cut into corporate profits and discourage take-overs. Bond market investors have all but given up expectations for a Fede
Published 14 Jun, 2007 12:00am
Hong Kong shares sag

Hong Kong shares sag

Hong Kong blue chips fell 0.3 percent on Wednesday, with trade stuck in a tight range amid interest rate worries, but stocks scaled back early losses thanks to strong gains in the mainland share market. Aluminium Corp of China Ltd supported Hong Kong list
Published 14 Jun, 2007 12:00am
Singapore shares decline

Singapore shares decline

Singapore share prices closed down 0.29 percent on Wednesday as players consolidated positions, dealers said. They said sentiment was dented by Wall Street's fall on Tuesday sparked by rising concern over the possibility that the US Federal Reserve may ag
Published 14 Jun, 2007 12:00am
Taiwan stocks slightly down

Taiwan stocks slightly down

Taiwan shares closed 0.29 percent lower on Wednesday, easing off a 7-year high, as index heavyweights such as top contract chip maker TSMC tracked losses on US tech shares overnight. The main TAIEX share index slipped 23.87 points to 8,346.39, as the elec
Published 14 Jun, 2007 12:00am
Workers mount show of force in South Africa strike

Workers mount show of force in South Africa strike

Thousands of South African workers marched on Wednesday in sympathy with striking civil servants in a show of force that highlighted the divide between the ruling African National Congress and its trade union allies.
Published 14 Jun, 2007 12:00am
US, states to cooperate on mortgage brokers

US, states to cooperate on mortgage brokers

Comptroller of the Currency John Dugan on Wednesday said US and state regulators have agreed to conduct parallel examinations of national banks and the independent mortgage brokers they use. Dugan said in prepared remarks for a House Financial Services Co
Published 14 Jun, 2007 12:00am
Egypt inflation drops

Egypt inflation drops

Egyptian Minister of State for Economic Development Osman Mohamed Osman said on Wednesday inflation fell to 10.5 percent in the twelve months to May from 11.7 percent in the year to April, state news agency MENA said. Osman said the consumer price index f
Published 14 Jun, 2007 12:00am
China not keeping yuan weak for trade edge: US

China not keeping yuan weak for trade edge: US

The US Treasury Department on Wednesday labelled China's currency "undervalued" and pledged to keep pushing for it to appreciate, but said Beijing was not manipulating its currency for trade gains.
Published 14 Jun, 2007 12:00am
SAS unveils cost cuts scheme, units sale

SAS unveils cost cuts scheme, units sale

Scandinavian airline SAS unveiled plans on Wednesday to lift profits by cutting costs and spinning off units such as Spanish airline Spanair. The airline, half-owned by the governments of Sweden, Denmark and Norway, said it aimed to raise annual pretax pr
Published 14 Jun, 2007 12:00am
UK earnings growth slows unexpectedly in April

UK earnings growth slows unexpectedly in April

British workers' wages increased at their weakest annual pace since December in the three months to April as huge bonuses paid to City of London financial sector workers in the New Year fell out of the equation.
Published 14 Jun, 2007 12:00am
US retail sales up as import prices surge

US retail sales up as import prices surge

US retail sales in May rose at the strongest pace since January 2006, while import prices surged, adding to recent data suggesting the US economy is recovering strongly from a first-quarter slowdown.
Published 14 Jun, 2007 12:00am
EU lauds Google data retention limit

EU lauds Google data retention limit

The European Union's top security official lauded Google Inc's. decision to scale back how long it keeps personally identifiable data accumulated from its Web users as a step towards addressing privacy concerns.
Published 14 Jun, 2007 12:00am
Wall Street Journal shuffles management

Wall Street Journal shuffles management

The Wall Street Journal said on Wednesday it is reorganising its editing ranks to integrate print and online news operations as well as simplify its international news structure. The changes will deal with what the newspaper called "profound changes sweep
Published 14 Jun, 2007 12:00am
Japan surplus beats forecasts on firm exports

Japan surplus beats forecasts on firm exports

Japan's current account surplus rose more than expected in April thanks to firm exports and gains in investment income, a sign that the world's second-largest economy continues to enjoy a solid recovery.
Published 14 Jun, 2007 12:00am
French jobless rate higher than government data

French jobless rate higher than government data

France's unemployment rate is actually about 8.9 percent rather than the 8.2 percent rate provisionally reported by the government for April according to the OFCE, an independent French economic think tank.
Published 14 Jun, 2007 12:00am
German builders worried by China policy in Africa

German builders worried by China policy in Africa

German building firms are concerned about China's efforts to secure raw materials in Africa to sustain its booming economy, the managing director of the HDB construction industry association said in an interview.
Published 14 Jun, 2007 12:00am
Romania sentences Arab businessman for Iraq kidnap

Romania sentences Arab businessman for Iraq kidnap

A Romanian court on Wednesday sentenced an Arab businessman in absentia to 20 years in prison after finding him guilty of masterminding the kidnap of three Romanian journalists in Iraq in 2005. Omar Hayssam, a Syrian-Romanian financier, disappeared from R
Published 14 Jun, 2007 12:00am
India confident on 2007-08 exports

India confident on 2007-08 exports

India is confident of meeting its 2007/08 export target of $160 billion, despite the rise in the rupee, but the government is looking into possible job losses due to the gain, Trade Minister Kamal Nath said on Wednesday. "We will meet the target. I am con
Published 14 Jun, 2007 12:00am
Malaysian palm oil futures dive three percent

Malaysian palm oil futures dive three percent

Malaysian crude palm oil futures ended 3.4 percent lower on Wednesday, pulled down by the exchange regulator's new measures to curb speculative trading. Dealers said the market, which plunged more than 8 percent during the morning session, recovered becau
Published 14 Jun, 2007 12:00am
Tokyo rubber inches up

Tokyo rubber inches up

Tokyo rubber futures rose on Wednesday on technical buying, snapping a six-day losing streak during which the benchmark contract lost about 7 percent. The key Tokyo Commodity Exchange rubber contract for November 2007 delivery traded at 266.5 yen a kg, up
Published 14 Jun, 2007 12:00am
CBOT rice posts gains

CBOT rice posts gains

Rough rice futures on the Chicago Board of Trade settled sharply higher on Tuesday, rising to one-month highs on technical buying and slipover strength from wheat futures, traders said. "There wasn't a ton of bullish news. It's primarily a technical play,
Published 14 Jun, 2007 12:00am
Malaysian tin falls

Malaysian tin falls

Malaysian tin fell 1.2 percent on Wednesday due to a technical correction, but losses were limited by Japanese demand, one dealer said.
Published 14 Jun, 2007 12:00am
Soyabean futures lower

Soyabean futures lower

Soya futures at the Chicago Board of Trade closed lower on Tuesday on profit-taking after strong gains on Monday, traders said. Soya closed 1-1/4 to 3-3/4 cents per bushel lower, with July down 3-1/2 at $8.26-1/2 per bushel. New-crop November was down 3-1
Published 14 Jun, 2007 12:00am
New York sugar slides

New York sugar slides

Raw sugar futures crumbled from speculative sales and switch trade to finish lower on Tuesday as excessive supplies were expected to keep the sweetener on the defensive over the next few sessions, brokers said. New York Board of Trade's key July raw sugar
Published 14 Jun, 2007 12:00am
Vietnam rice stable

Vietnam rice stable

Rice export prices in Vietnam were stable in the past week as exporters held back on buying to await for prices to ease on arrivals from the new harvest next month. Exporters offered the 5-percent broken rice at $302 to $305 a tonne, free-on-board to Saig
Published 14 Jun, 2007 12:00am
Shanghai copper sinks

Shanghai copper sinks

Shanghai copper prices fell nearly 1 percent, tracking losses in London as fears of slowing demand from the world's largest consumer, China, and the prospect of rising interest rates dented sentiment.
Published 14 Jun, 2007 12:00am
Oil dips in Singapore

Oil dips in Singapore

Oil prices eased on Wednesday, as gasoline inventories in the United States were expected to rise for the sixth week to soothe fuel supply concerns, though forecasts for strong demand limited losses. London Brent crude, currently seen as more representati
Published 14 Jun, 2007 12:00am
Indian soyaoil softens

Indian soyaoil softens

Indian soyaoil futures fell on Wednesday after a sharp drop in Malaysian palm oil prices on measures to curb speculative trading, while sugar futures extended their falls as a bumper crop kept sentiment depressed.
Published 14 Jun, 2007 12:00am
Gold extends losses

Gold extends losses

Gold fell further on Wednesday as the dollar rose to an 11-week high against the euro, while Japanese futures dropped to track losses in New York's Comex market and weak spot prices. Spot gold fell to $646.70/647.30 an ounce from $648.30/649.80 late in Ne
Published 14 Jun, 2007 12:00am
Gold down in US

Gold down in US

US gold futures resumed their downdraft on Tuesday as expectations of higher US interest rates lifted the dollar and weighed down gold, analysts said. "Gold was under pressure and I think a lot of it has to be traced to interest rates general fears that t
Published 14 Jun, 2007 12:00am
US copper down

US copper down

US copper futures settled lower on Tuesday as a sharp decline in Chinese monthly import figures signalled slower demand growth from the world's leading consumer of the industrial metal, analysts said.
Published 14 Jun, 2007 12:00am
Indonesia rubber output expected to grow

Indonesia rubber output expected to grow

Indonesia's natural rubber output is expected to grow nearly 5 percent this year to 2.765 million tonnes, agriculture ministry data showed on Wednesday.
Published 14 Jun, 2007 12:00am
Coffee prices may spike on poor weather

Coffee prices may spike on poor weather

Drought and frost could disrupt global coffee production and send prices to new highs, raising the prospect that the traditional cup of java on American breakfast tables may cost more soon.
Published 14 Jun, 2007 12:00am
New York cocoa closes with little change

New York cocoa closes with little change

US cocoa futures settled little changed in sideways trade on Tuesday, with position rolling out of July into September ahead of the front-month's first notice day on June 21 the dominant feature, traders said.
Published 14 Jun, 2007 12:00am
MGE spring wheat higher

MGE spring wheat higher

Spring wheat futures at the Minneapolis Grain Exchange closed up on Tuesday after posting new contract highs on slipover from Chicago Board of Trade wheat amid concerns about tightening global supplies, traders said.
Published 14 Jun, 2007 12:00am
NYBoT cotton stocks fall

NYBoT cotton stocks fall

Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of June 11 totalled 711,186 (480-lb) bales, from 711,192 bales the previous session. There were 338 bales issued, no bales were awaiting revie
Published 14 Jun, 2007 12:00am
A few items prices up on grain market

A few items prices up on grain market

Tight supplies pushed the prices of a few items higher on the grain market on Wednesday in slow trading, dealers said. On the seed side Irri-6 Sindh low type rose by Rs 20 to Rs 1650 and the good type was up by Rs 30 to Rs 1680 amid strong demand, they sa
Published 14 Jun, 2007 12:00am
Sluggish business continues on cotton market

Sluggish business continues on cotton market

Subdued business was seen on the cotton market on Wednesday as most of the buyers remained on the sidelines on expectations of more slide in the prices in the near future, dealers said.
Published 14 Jun, 2007 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was unchanged while the December contract was up on the forward cottonseed oilcake market on Wednesday, dealers said. The July vaida opened at the overnight level at Rs 650.00 and closing was seen at the same rate without showing any variat
Published 14 Jun, 2007 12:00am
CBOT wheat up

CBOT wheat up

Wheat futures at the Chicago Board of Trade closed higher on Tuesday as technical strength and fears about tightening world wheat supplies triggered short covering, traders said. Contract highs were hit across the board, and front-month July rose to $5.76
Published 14 Jun, 2007 12:00am
CBOT corn futures weak

CBOT corn futures weak

Corn futures at the Chicago Board of Trade ended weak on Tuesday on a profit-taking setback after the strong gains on Monday, traders said. CBOT corn closed 1/2 to 2-1/2 cents per bushel lower, with July down 2-1/2 at $3.93-1/2 per bushel. New-crop Decemb
Published 14 Jun, 2007 12:00am
WCE canola futures mainly higher

WCE canola futures mainly higher

Winnipeg Commodity Exchange canola futures ended mainly higher on Tuesday, supported by crusher buying and a weaker Canadian dollar, traders said. Canola settled $3.30 per tonne higher to 50 cents lower, with July up 60 cents at $380.70 and November up 70
Published 14 Jun, 2007 12:00am
Indonesian palm oil prices down

Indonesian palm oil prices down

Indonesian palm oil softened on Wednesday, mirroring losses in Malaysia's crude palm oil futures and on vigorous government efforts to control cooking oil prices. At the state marketing centre, which sells crude palm oil from state plantations in Jakarta,
Published 14 Jun, 2007 12:00am
Oil World sees palm oil prices falling

Oil World sees palm oil prices falling

Palm oil prices are expected to fall further from their recent record highs as likely production and stocks are set to rise above previous expectations, Hamburg-based oilseeds analysts Oil World said.
Published 14 Jun, 2007 12:00am
Ghana cocoa purchases down

Ghana cocoa purchases down

Cocoa purchases declared by private buyers to Ghana's Cocobod industry regulator reached 567,908 tonnes between October 13 and May 24, an industry source said on Tuesday. That compared with 594,089 tonnes declared in the first 32 weeks of last season's ma
Published 14 Jun, 2007 12:00am
US Midwest corn bids firm, soya weak

US Midwest corn bids firm, soya weak

Spot basis bids for corn were steady to firm at locations around the US Midwest on Tuesday while soyabean bids were steady to weak, grain dealers said. Farmer selling of both commodities was light on Tuesday as a downturn in the futures market sent cash p
Published 14 Jun, 2007 12:00am
HRW wheat bids steady to mixed

HRW wheat bids steady to mixed

US Plains hard red winter wheat basis bids were mostly steady on Wednesday, with some scattered adjustments reflecting harvest activity and spot needs, wheat merchants said. The Texas Gulf basis eroded 2 cents a bushel and protein premiums for railcar whe
Published 14 Jun, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 153,627 tonnes cargo including 134,657 tonnes import, 18,970 tonnes export cargo and 4,349 containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 50,641 tonnes dry cargo including 42,419 t
Published 14 Jun, 2007 12:00am
Steel prices raised again

Steel prices raised again

Prices of milled steel bar, hot rolled and cold rolled coil have once again shot up by Rs 3,500, Rs 1,300 and Rs 3,000 per tonne respectively after the raise in the sales tax in the federal budget.
Published 14 Jun, 2007 12:00am
Singapore bunker fuel prices steady

Singapore bunker fuel prices steady

Singapore bunker prices were steady on Wednesday, as its differential to fuel oil cargo remained in deep discounts for a sixth-straight day on reduced demand. Prices for 380-centistoke (cst) bunker fuel were pegged at $347-$349 a tonne, unchanged from the
Published 14 Jun, 2007 12:00am
Steel prices raised again

Steel prices raised again

Prices of milled steel bar, hot rolled and cold rolled coil have once again shot up by Rs 3,500, Rs 1,300 and Rs 3,000 per tonne respectively after the raise in the sales tax in the federal budget.
Published 14 Jun, 2007 12:00am
Steel prices raised again

Steel prices raised again

Prices of milled steel bar, hot rolled and cold rolled coil have once again shot up by Rs 3,500, Rs 1,300 and Rs 3,000 per tonne respectively after the raise in the sales tax in the federal budget.
Published 14 Jun, 2007 12:00am
Meeting on 'steel industry crisis' on June 18

Meeting on 'steel industry crisis' on June 18

Ministry of Industries and Production has convened a steel stakeholders' meeting on June 18 to discuss post-budget increase in prices, sources told Business Recorder on Wednesday. Sources said that industry was facing a crisis as the budget had res
Published 14 Jun, 2007 12:00am
Meeting on 'steel industry crisis' on June 18

Meeting on 'steel industry crisis' on June 18

Ministry of Industries and Production has convened a steel stakeholders' meeting on June 18 to discuss post-budget increase in prices, sources told Business Recorder on Wednesday. Sources said that industry was facing a crisis as the budget had res
Published 14 Jun, 2007 12:00am
State Bank of Pakistan conversion rates

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 14 Jun, 2007 12:00am
Meeting on ''steel industry crisis'' on June 18

Meeting on ''steel industry crisis'' on June 18

Ministry of Industries and Production has convened a steel stakeholders'' meeting on June 18 to discuss post-budget increase in prices, sources told Business Recorder on Wednesday. Sources said that industry was facing a crisis as the budget had re
Published 14 Jun, 2007 12:00am
Barclays bid rates and maximum rates for payment of interest

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 Comm
Published 14 Jun, 2007 12:00am
Supreme Court summons record of SJC proceedings

Supreme Court summons record of SJC proceedings

The Full Supreme Court on Wednesday summoned record of the stalled proceedings of the Supreme Judicial Council in the case of presidential reference against the Chief Justice and examined written complaint of Justice Iftikhar Mohammad Chaudhry dated March
Published 14 Jun, 2007 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Supreme Court summons record of SJC proceedings

Supreme Court summons record of SJC proceedings

The Full Supreme Court on Wednesday summoned record of the stalled proceedings of the Supreme Judicial Council in the case of presidential reference against the Chief Justice and examined written complaint of Justice Iftikhar Mohammad Chaudhry dated March
Published 14 Jun, 2007 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Rice hoarders cause 100 percent price hike

Rice hoarders cause 100 percent price hike

In spite of the fact that Pakistan is one of the largest rice producing countries, having annual production of more than 5 million tons, it is facing an unprecedented price hike mainly because of unchallenged and unchecked hoarding by profiteers, traders
Published 14 Jun, 2007 12:00am
Rice hoarders cause 100 percent price hike

Rice hoarders cause 100 percent price hike

In spite of the fact that Pakistan is one of the largest rice producing countries, having annual production of more than 5 million tons, it is facing an unprecedented price hike mainly because of unchallenged and unchecked hoarding by profiteers, traders
Published 14 Jun, 2007 12:00am
Rice hoarders cause 100 percent price hike

Rice hoarders cause 100 percent price hike

In spite of the fact that Pakistan is one of the largest rice producing countries, having annual production of more than 5 million tons, it is facing an unprecedented price hike mainly because of unchallenged and unchecked hoarding by profiteers, traders
Published 14 Jun, 2007 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Rs 163 billion earmarked to pay off DSS cost

Rs 163 billion earmarked to pay off DSS cost

The government has allocated Rs 163 billion pay off, what the Finance Ministry says, a high cost of Defence Saving Schemes (DSS) issued by previous governments at 18 percent compound tax-free return, official sources told Business Recorder here on
Published 14 Jun, 2007 12:00am
Rs 163 billion earmarked to pay off DSS cost

Rs 163 billion earmarked to pay off DSS cost

The government has allocated Rs 163 billion pay off, what the Finance Ministry says, a high cost of Defence Saving Schemes (DSS) issued by previous governments at 18 percent compound tax-free return, official sources told Business Recorder here on
Published 14 Jun, 2007 12:00am
Rs 163 billion earmarked to pay off DSS cost

Rs 163 billion earmarked to pay off DSS cost

The government has allocated Rs 163 billion pay off, what the Finance Ministry says, a high cost of Defence Saving Schemes (DSS) issued by previous governments at 18 percent compound tax-free return, official sources told Business Recorder here on
Published 14 Jun, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
One percent surcharge on kerosene, light diesel abolished

One percent surcharge on kerosene, light diesel abolished

On recommendations from Ministry of Petroleum and Natural Resources, the Central Board of Revenue (CBR) has abolished one percent import surcharge and 5 percent customs duty on import of kerosene oil and light diesel during 2007-08.
Published 14 Jun, 2007 12:00am
One percent surcharge on kerosene, light diesel abolished

One percent surcharge on kerosene, light diesel abolished

On recommendations from Ministry of Petroleum and Natural Resources, the Central Board of Revenue (CBR) has abolished one percent import surcharge and 5 percent customs duty on import of kerosene oil and light diesel during 2007-08.
Published 14 Jun, 2007 12:00am
One percent surcharge on kerosene, light diesel abolished

One percent surcharge on kerosene, light diesel abolished

On recommendations from Ministry of Petroleum and Natural Resources, the Central Board of Revenue (CBR) has abolished one percent import surcharge and 5 percent customs duty on import of kerosene oil and light diesel during 2007-08.
Published 14 Jun, 2007 12:00am
One percent surcharge on kerosene, light diesel abolished

One percent surcharge on kerosene, light diesel abolished

On recommendations from Ministry of Petroleum and Natural Resources, the Central Board of Revenue (CBR) has abolished one percent import surcharge and 5 percent customs duty on import of kerosene oil and light diesel during 2007-08.
Published 14 Jun, 2007 12:00am
One percent surcharge on kerosene, light diesel abolished

One percent surcharge on kerosene, light diesel abolished

On recommendations from Ministry of Petroleum and Natural Resources, the Central Board of Revenue (CBR) has abolished one percent import surcharge and 5 percent customs duty on import of kerosene oil and light diesel during 2007-08.
Published 14 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
KSE-100 index soars 151.07 points

KSE-100 index soars 151.07 points

The Karachi share market on Wednesday reached a new high as the KSE-100 index closed at 13,477.24 points, thus gaining 151.07 points, on fresh buying by foreign investors in banking stocks and by local investors in cement sector. The KSE-30 index also had
Published 14 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
KSE-100 index soars 151.07 points

KSE-100 index soars 151.07 points

The Karachi share market on Wednesday reached a new high as the KSE-100 index closed at 13,477.24 points, thus gaining 151.07 points, on fresh buying by foreign investors in banking stocks and by local investors in cement sector. The KSE-30 index also had
Published 14 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
KSE-100 index soars 151.07 points

KSE-100 index soars 151.07 points

The Karachi share market on Wednesday reached a new high as the KSE-100 index closed at 13,477.24 points, thus gaining 151.07 points, on fresh buying by foreign investors in banking stocks and by local investors in cement sector. The KSE-30 index also had
Published 14 Jun, 2007 12:00am
BRIndex30 gains 79.36 points

BRIndex30 gains 79.36 points

On Wednesday, BRIndex30 opened in the green zone at 15,159.06. It closed at 15,199.37 with a net positive change of 79.36 points and percentage change of 0.52. It experienced intra-day high of 15,254.36 and intra-day low of 15,019.91 with volume of 285,14
Published 14 Jun, 2007 12:00am
BRIndex30 gains 79.36 points

BRIndex30 gains 79.36 points

On Wednesday, BRIndex30 opened in the green zone at 15,159.06. It closed at 15,199.37 with a net positive change of 79.36 points and percentage change of 0.52. It experienced intra-day high of 15,254.36 and intra-day low of 15,019.91 with volume of 285,14
Published 14 Jun, 2007 12:00am
Poverty level drops, GDP up: Punjab chief minister

Poverty level drops, GDP up: Punjab chief minister

Poverty level has declined while GDP growth rate has gone up in the Punjab. Punjab Chief Minister Chaudhry Pervaiz Elahi said this in his pre-budget policy address here on Wednesday.
Published 14 Jun, 2007 12:00am
Poverty level drops, GDP up: Punjab chief minister

Poverty level drops, GDP up: Punjab chief minister

Poverty level has declined while GDP growth rate has gone up in the Punjab. Punjab Chief Minister Chaudhry Pervaiz Elahi said this in his pre-budget policy address here on Wednesday.
Published 14 Jun, 2007 12:00am
Poverty level drops, GDP up: Punjab chief minister

Poverty level drops, GDP up: Punjab chief minister

Poverty level has declined while GDP growth rate has gone up in the Punjab. Punjab Chief Minister Chaudhry Pervaiz Elahi said this in his pre-budget policy address here on Wednesday.
Published 14 Jun, 2007 12:00am
FED short-filers face freeze on imports, bank accounts

FED short-filers face freeze on imports, bank accounts

The Central Board of Revenue (CBR) has empowered tax officials to block imports and freeze bank accounts of short-filers of federal excise duty (FED) by using new enforcement provisions available under section 14A of the Federal Excise Act, 2005.
Published 14 Jun, 2007 12:00am
FED short-filers face freeze on imports, bank accounts

FED short-filers face freeze on imports, bank accounts

The Central Board of Revenue (CBR) has empowered tax officials to block imports and freeze bank accounts of short-filers of federal excise duty (FED) by using new enforcement provisions available under section 14A of the Federal Excise Act, 2005.
Published 14 Jun, 2007 12:00am
FED short-filers face freeze on imports, bank accounts

FED short-filers face freeze on imports, bank accounts

The Central Board of Revenue (CBR) has empowered tax officials to block imports and freeze bank accounts of short-filers of federal excise duty (FED) by using new enforcement provisions available under section 14A of the Federal Excise Act, 2005.
Published 14 Jun, 2007 12:00am
US House panel approves package for Pakistan

US House panel approves package for Pakistan

A US House of Representatives Committee has approved a bill to finance foreign aid for next year that also includes a dollars 752 million package for Pakistan. The foreign aid bill for fiscal 2008, beginning October 1, will now advance to approval stage b
Published 14 Jun, 2007 12:00am
US House panel approves package for Pakistan

US House panel approves package for Pakistan

A US House of Representatives Committee has approved a bill to finance foreign aid for next year that also includes a dollars 752 million package for Pakistan. The foreign aid bill for fiscal 2008, beginning October 1, will now advance to approval stage b
Published 14 Jun, 2007 12:00am
US House panel approves package for Pakistan

US House panel approves package for Pakistan

A US House of Representatives Committee has approved a bill to finance foreign aid for next year that also includes a dollars 752 million package for Pakistan. The foreign aid bill for fiscal 2008, beginning October 1, will now advance to approval stage b
Published 14 Jun, 2007 12:00am
Buying spree continues on LSE

Buying spree continues on LSE

Share values extended the overnight gains and the market improved by 1.12 percent on Wednesday, following an overwhelming buying interest in banks, cements and partially in oil and gas sector. The LSE-25 index surged by 53.49 points and closed at 4820.65
Published 14 Jun, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 14 Jun, 2007 12:00am
Buying spree continues on LSE

Buying spree continues on LSE

Share values extended the overnight gains and the market improved by 1.12 percent on Wednesday, following an overwhelming buying interest in banks, cements and partially in oil and gas sector. The LSE-25 index surged by 53.49 points and closed at 4820.65
Published 14 Jun, 2007 12:00am
Bulls remain in front seat on ISE

Bulls remain in front seat on ISE

Bulls remained in the front seat at the Islamabad Stock Exchange (ISE) where equities showed healthy signs under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 32.64 points as the index moved from 2,701.54 to 2,73
Published 14 Jun, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Bulls remain in front seat on ISE

Bulls remain in front seat on ISE

Bulls remained in the front seat at the Islamabad Stock Exchange (ISE) where equities showed healthy signs under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 32.64 points as the index moved from 2,701.54 to 2,73
Published 14 Jun, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 14 Jun, 2007 12:00am
Boucher hopes elections in Pakistan will be fair, free

Boucher hopes elections in Pakistan will be fair, free

The United States soften tone on democracy in Pakistan and hint Washington still favours President General Pervez Musharraf despite his losing grip over domestic politics in the wake of a lingering judicial and a defused media crises.
Published 14 Jun, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 14 Jun, 2007 12:00am
Boucher hopes elections in Pakistan will be fair, free

Boucher hopes elections in Pakistan will be fair, free

The United States soften tone on democracy in Pakistan and hint Washington still favours President General Pervez Musharraf despite his losing grip over domestic politics in the wake of a lingering judicial and a defused media crises.
Published 14 Jun, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
FTA, other trade issues taken up with Germany

FTA, other trade issues taken up with Germany

Pakistan is pursuing the European countries for similar treatment in trade regime, which were being provided to other South Asian countries. In this regard, Commerce Minister Humayun Akhtar Khan met Dr Bernd Pfaffenbach, State Secretary of German Federal
Published 14 Jun, 2007 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Grandson of Mahatma Gandhi found dead

Grandson of Mahatma Gandhi found dead

One of the grandsons of India's apostle of peace and freedom fighter Mahatma Gandhi was found dead in New Delhi Wednesday, relatives and police said. Seventy-year-old Ramchandra Gandhi, a former professor at Princeton University, in the United States, was
Published 14 Jun, 2007 12:00am
Punjab budget today

Punjab budget today

Provincial Finance Minister, Hasnain Bahadur Dreshak, will present the Punjab budget for 2007-08 in the provincial assembly on Thursday (June 14). The provincial budget would focus on the socio-economic uplift of the masses apart from boosting the economi
Published 14 Jun, 2007 12:00am
Punjab budget today

Punjab budget today

Provincial Finance Minister, Hasnain Bahadur Dreshak, will present the Punjab budget for 2007-08 in the provincial assembly on Thursday (June 14). The provincial budget would focus on the socio-economic uplift of the masses apart from boosting the economi
Published 14 Jun, 2007 12:00am
Punjab budget today

Punjab budget today

Provincial Finance Minister, Hasnain Bahadur Dreshak, will present the Punjab budget for 2007-08 in the provincial assembly on Thursday (June 14). The provincial budget would focus on the socio-economic uplift of the masses apart from boosting the economi
Published 14 Jun, 2007 12:00am
Punjab budget today

Punjab budget today

Provincial Finance Minister, Hasnain Bahadur Dreshak, will present the Punjab budget for 2007-08 in the provincial assembly on Thursday (June 14). The provincial budget would focus on the socio-economic uplift of the masses apart from boosting the economi
Published 14 Jun, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Islamabad may amend laws to promote sporting arms industry

Islamabad may amend laws to promote sporting arms industry

The government of Pakistan is likely to bring amendments in the arms and weapons-related laws to help promote the arms manufacturing and trade sectors of the country, sources told Business Recorder here on Tuesday.
Published 14 Jun, 2007 12:00am
CJP to visit Karachi in August: SHCBA

CJP to visit Karachi in August: SHCBA

Chief Justice Iftikhar Muhammad Chaudhry will visit Karachi to address lawyers in second week of August, said Abrar Hassan, President Sindh High Court Bar Association here Wednesday.
Published 14 Jun, 2007 12:00am
Lawyers' daylong strike today

Lawyers' daylong strike today

The lawyers' community as usual observed token strike in protest against the suspension of Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry here on Wednesday.
Published 14 Jun, 2007 12:00am
THE RUPEE: all-round gains on currency market

THE RUPEE: all-round gains on currency market

Expected increase in inflows in the coming days and an encouraging trend in the Foreign Direct Investment (FDI) helped the rupee to expand ground against dollar in both the open and interbank markets on Wednesday, dealers said.
Published 14 Jun, 2007 12:00am
Apparel industry misses over $1 billion deals

Apparel industry misses over $1 billion deals

The country's export-oriented apparel industry misses over one-billion dollar deals as it does not participate in the internationally floated tenders due to inconsistent government policies regarding revision of utilities' tariffs, industry sources told <
Published 14 Jun, 2007 12:00am
THE RUPEE: all-round gains on currency market

THE RUPEE: all-round gains on currency market

Expected increase in inflows in the coming days and an encouraging trend in the Foreign Direct Investment (FDI) helped the rupee to expand ground against dollar in both the open and interbank markets on Wednesday, dealers said.
Published 14 Jun, 2007 12:00am
Apparel industry misses over $1 billion deals

Apparel industry misses over $1 billion deals

The country's export-oriented apparel industry misses over one-billion dollar deals as it does not participate in the internationally floated tenders due to inconsistent government policies regarding revision of utilities' tariffs, industry sources told <
Published 14 Jun, 2007 12:00am
Apparel industry misses over $1 billion deals

Apparel industry misses over $1 billion deals

The country''s export-oriented apparel industry misses over one-billion dollar deals as it does not participate in the internationally floated tenders due to inconsistent government policies regarding revision of utilities'' tariffs, industry sources told
Published 14 Jun, 2007 12:00am
Algerian parliamentary team due on June 17

Algerian parliamentary team due on June 17

A seven-member parliamentary delegation from Algeria is arriving Pakistan at the invitation of Chairman Senate Mohammadmian Soomro. Chairman of the Council of National Senate of Algeria Abdul Qadir Saleh will lead the delegation. Algeria has a bicameral P
Published 14 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
MQM supports Opposition's demand to revoke KESC sell-off accord

MQM supports Opposition's demand to revoke KESC sell-off accord

The government on Thursday sought the help of the Parliament to send a 'strong' message to the Karachi Electricity Supply Corporation (KESC) over its failure to overcome lingering power crisis. Water and Power Minister Liaquat Jatoi told the lower house t
Published 14 Jun, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, June 14, 2007.
Published 14 Jun, 2007 12:00am
MQM supports Opposition's demand to revoke KESC sell-off accord

MQM supports Opposition's demand to revoke KESC sell-off accord

The government on Thursday sought the help of the Parliament to send a 'strong' message to the Karachi Electricity Supply Corporation (KESC) over its failure to overcome lingering power crisis. Water and Power Minister Liaquat Jatoi told the lower house t
Published 14 Jun, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, June 14, 2007.
Published 14 Jun, 2007 12:00am
MQM supports Opposition''s demand to revoke KESC sell-off accord

MQM supports Opposition''s demand to revoke KESC sell-off accord

The government on Thursday sought the help of the Parliament to send a ''strong'' message to the Karachi Electricity Supply Corporation (KESC) over its failure to overcome lingering power crisis. Water and Power Minister Liaquat Jatoi told the lower house
Published 14 Jun, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, June 14, 2007.
Published 14 Jun, 2007 12:00am
Son of former MNA recovered

Son of former MNA recovered

Police recovered son of former MNA of People's Party in Dera Allah Yar. According to details, unknown armed men kidnapped Dr Tahir Ayub (32) son of ex MNA from District Thatta, Babu Ghulam Hussain from Karachi last night and brought him to Hafeezabad in D
Published 14 Jun, 2007 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Family rooms being built for prisoners in jails

Family rooms being built for prisoners in jails

Special family rooms are being constructed for the prisoners in four jails of the province so that they could spend some days with their families while construction work of 11 new jails is also in progress.
Published 14 Jun, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (June 13, 2007) and for Thursday (June 14, 2007).
Published 14 Jun, 2007 12:00am
ASF to get modern equipment to ensure security

ASF to get modern equipment to ensure security

The federal government has decided to provide all modern equipment and facilities to the Airport Security Force (ASF) to match international standards for ensuring fool-proof security at airports.
Published 14 Jun, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 13, 2007).
Published 14 Jun, 2007 12:00am
Dams and gas areas may get big share of profit, royalty: NWFP

Dams and gas areas may get big share of profit, royalty: NWFP

NWFP Finance Minister Shah Raz Khan has said the provincial government is seriously considering allocating a big share received in head of hydel net profit, royalty on gas and oil for the development of the areas where the dams are located or from where g
Published 14 Jun, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The Parliament House has become a traditional location for mass demonstrations like the Hyde Park. Political activists, or any one with a grouse might shelter behind the open space (unlike Hyde Park no restaurant, or entertainment outlets here), with flag
Published 14 Jun, 2007 12:00am
Power crisis to be solved within 72 hours: KESC

Power crisis to be solved within 72 hours: KESC

Karachi Electric Supply Corporation (KESC) Wednesday said the power crisis looming the city for the last two days would be solved within next 72 hours. KESC spokesman said the power shortage was recorded at 300MW in the morning and 500MW in the evening ar
Published 14 Jun, 2007 12:00am
ICCI not happy with budget

ICCI not happy with budget

The Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday criticised the federal budget, saying that prices of some products would increase further due to recently announced measures by the government.
Published 14 Jun, 2007 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 14 Jun, 2007 12:00am
Sindh to have Rs 18 billion deficit budget

Sindh to have Rs 18 billion deficit budget

Senior Sindh Minister Syed Sardar Ahmed would be presenting a Rs 15 to Rs 18 billion deficit budget on Friday before the Sindh Assembly, sources said. The outlay of the budget would be around Rs 232 billion with no new taxes imposed.
Published 14 Jun, 2007 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 14 Jun, 2007 12:00am
Sindh to have Rs 18 billion deficit budget

Sindh to have Rs 18 billion deficit budget

Senior Sindh Minister Syed Sardar Ahmed would be presenting a Rs 15 to Rs 18 billion deficit budget on Friday before the Sindh Assembly, sources said. The outlay of the budget would be around Rs 232 billion with no new taxes imposed.
Published 14 Jun, 2007 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 14 Jun, 2007 12:00am
PTC launches second social report

PTC launches second social report

The Pakistan Tobacco Company (PTC) launched its second 'Social Report' at its Akora Khattak Factory. The briefing was attended by stakeholders including tobacco growers, tobacco dealers and distributors and media representatives.
Published 14 Jun, 2007 12:00am
The Weather

The Weather

The weather report on Wednesday (June 13, 2007) and the forecast for Thursday (June 14, 2007).
Published 14 Jun, 2007 12:00am
IEC to launch 'Ashra-e-Amn' movement from June 23

IEC to launch 'Ashra-e-Amn' movement from June 23

Institute of Ethics and Culture (IEC) President Haleem Sharar declared here on Wednesday the movement for 'Ashra-e-Amn' '10 and (more) peaceful days' was being launched by his organisation from Saturday June 23 to promote love for humanity, brotherhood an
Published 14 Jun, 2007 12:00am
First Indo-Pak jewellery franchise signed

First Indo-Pak jewellery franchise signed

"The signing of the first ever jewellery franchise between 91Facets of India and R.S. Concepts of Pakistan is a result of the facility provided in the "My Karachi Exhibition" held recently in Karachi. This was stated by Majyd Aziz, President, Karachi Cham
Published 14 Jun, 2007 12:00am
CRDC brings out research journal

CRDC brings out research journal

The Centre for Rural Development Communication (CRDC) has published its first issue of research journal quarterly "Keenar" on Wednesday. Research journal Keenar to cover and promote research works.
Published 14 Jun, 2007 12:00am
Two boys electrocuted

Two boys electrocuted

As many as two persons were electrocuted when electricity wire fell upon them here at Zia Colony, Abidabad, on Wednesday morning. They were cousins and identified as Syed Ghani (20) s/o Usman Gul and Syed Hasan (25) s/o Gul Hasan were on their way to work
Published 14 Jun, 2007 12:00am
KUJ Dawn unit chief elected

KUJ Dawn unit chief elected

Zaheer Ahmed Khan was re-elected chief of Karachi Union of Journalists, Dawn Unit in the annual elections of the unit for 2007-2008, according to results announced by KUJ General Secretary, Javed Asghar Chaudhry, on Wednesday.
Published 14 Jun, 2007 12:00am
CPNE team leaves for Nepal today

CPNE team leaves for Nepal today

A ten-member delegation of the Council of Pakistan Newspaper Editors led by CPNE President Syed Faseih Iqbal is leaving here tomorrow on a five-day tour of the Kingdom of Nepal.
Published 14 Jun, 2007 12:00am
Prime Minister terms budget growth and development-oriented

Prime Minister terms budget growth and development-oriented

Prime Minister Shaukat Aziz terming the Budget 2007-08 as growth and development-oriented on Wednesday said it provides incentives and relief to all segments of society, including the businessmen and industry through simplification of tax procedures and r
Published 14 Jun, 2007 12:00am
Indian diplomats call on PML-N leader

Indian diplomats call on PML-N leader

Indian High Commissioner First Secretary for Political Affairs and First Secretary for Trade Affairs have called on PML-N Secretary General Iqbal Zafar Jhagra on Wednesday and exchanged views about present regional and bilateral issues.
Published 14 Jun, 2007 12:00am
Imran wants Musharraf to resign

Imran wants Musharraf to resign

Pakistan Tahreek-e-Insaaf chairman Imran Khan has said that President General Pervez Musharraf should resign now. He said that he did not support PML-Q but he did support General Pervez Musharraf's 7-point agenda. Talking to BBC news channel in London he
Published 14 Jun, 2007 12:00am
POL prises remain unchanged

POL prises remain unchanged

The spokesman of Oil and Gas Regulatory Authority (Ogra) said on Wednesday that the government, in line with steps to facilitate the common man, is providing a subsidy of Rs 4.28 per liter on Kerosene oil while Rs 4.82 is being given on light diesel oil.
Published 14 Jun, 2007 12:00am
Meeting discusses progress on proposed Marble City

Meeting discusses progress on proposed Marble City

The project of establishment of Marble City in Mohmand Agency was discussed in a meeting, held at Governor's House here on Wednesday. NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) presided over the meeting while Jehangir Khan Tareen, F
Published 14 Jun, 2007 12:00am
Indian POWs relatives seek permission to visit Attock jail

Indian POWs relatives seek permission to visit Attock jail

The family members of Indian "prisoners of war (PoWs)", who reportedly went missing during 1971 war, have sought permission from the Pakistan government to visit Attock jail in search of their near and dear ones on the basis of what they claimed sufficien
Published 14 Jun, 2007 12:00am
One percent surcharge on raw material criticised

One percent surcharge on raw material criticised

Whereas there is no gain saying the fact that Pakistan's economy is, by and large, single-crop-based, the textile industry of Pakistan, especially the textile processing and garments sector, should have been in all fairness, afforded some sort of protecti
Published 14 Jun, 2007 12:00am
Rational approach for modernisation of industrial sector stressed

Rational approach for modernisation of industrial sector stressed

Punjab Governor Lieutenant General Khalid Maqbool (retd) has stressed the need for adopting rational approach for modernisation of industrial sector for further accelerating the pace of trade and commerce activities in the country.
Published 14 Jun, 2007 12:00am
HEC extends e-books support programme

HEC extends e-books support programme

The Higher Education Commission (HEC) has decided to provide 40,000 online books in addition to 23,000 journals that have been made available through the Digital Library Programme, the HEC said on Wednesday.
Published 14 Jun, 2007 12:00am
Proper use of summer vacation highlighted

Proper use of summer vacation highlighted

A function, organised by the Hamdard Naunehal Assembly, comprising speeches, skit and 'Dua-e-Said' to highlight the significance and proper use of summer vacations was held on Tuesday at a local hotel.
Published 14 Jun, 2007 12:00am
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