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Archive - 2007-06-15
ITraxx crossover index tightens

ITraxx crossover index tightens

European corporate credit spreads rallied on Thursday, shrugging off strong US inflation data and concerns about higher interest rates, while BT starred in the primary market. The iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, tightene
Published 15 Jun, 2007 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee inched up on Thursday with sentiment bolstered by stocks that rose by nearly 1.5 percent, but suspected central bank intervention capped the unit's gains. The rupee ended at 40.94/95 per dollar, just higher than Wednesday's 40.96/97. The
Published 15 Jun, 2007 12:00am
Dollar extends gains in London

Dollar extends gains in London

The dollar hit a 4-1/2-year peak against the yen on Thursday, extending gains after strong US retail sales data the previous day reinforced expectations the Federal Reserve would not cut interest rates this year. That view could be further supported by an
Published 15 Jun, 2007 12:00am
Sterling remains weaken

Sterling remains weaken

Sterling weakened against the dollar on Thursday as a mixed set of UK data did little to change expectations for further Bank of England interest rate hikes this year, which are already priced into the market. British retail sales rose 0.4 percent in May,
Published 15 Jun, 2007 12:00am
German report on new EU Treaty omits voting system

German report on new EU Treaty omits voting system

An eagerly awaited German presidency report on how to reform the European Union's institutions omitted any mention of changing the proposed voting system, which Poland insists must be re-weighted.
Published 15 Jun, 2007 12:00am
Africa's elephants get nine-year ivory export break

Africa's elephants get nine-year ivory export break

A UN wildlife conference extended a 1989 ban on African elephant ivory exports on Thursday by nine years, after sales from stocks, in a pact hailed as a step to safeguard the giant mammals.
Published 15 Jun, 2007 12:00am
Mosques, Green Zone attacked despite Iraq curfew

Mosques, Green Zone attacked despite Iraq curfew

Three Sunni Muslim mosques were torched and mortar bombs hit Baghdad's heavily fortified Green Zone on Thursday, police said, despite curfews imposed after suspected al Qaeda militants hit a revered Shia shrine.
Published 15 Jun, 2007 12:00am
Court bars Hasina from going abroad

Court bars Hasina from going abroad

A court in Bangladesh has barred former prime minister Sheikh Hasina from leaving the country, police said on Thursday, just two months after she was briefly banned from returning home.
Published 15 Jun, 2007 12:00am
Frozen North Korean funds released from Macau bank

Frozen North Korean funds released from Macau bank

An end to the deadlock stalling a nuclear disarmament deal with Pyongyang came into sight on Thursday after North Korean funds long frozen in a Macau bank were released.
Published 15 Jun, 2007 12:00am
Former UN leader dies

Former UN leader dies

Kurt Waldheim, a former United Nations chief and Austrian president whose reputation was tarnished by disclosures he had hidden his past in Nazi Germany's officer corps, died on Thursday aged 88.
Published 15 Jun, 2007 12:00am
Hamas captures major Fatah compound

Hamas captures major Fatah compound

Hamas fighters captured one of the last bastions of forces loyal to Western-backed Palestinian President Mahmoud Abbas on Thursday and the group declared the "liberation" of the Gaza Strip.
Published 15 Jun, 2007 12:00am
Gaza blast kills 4

Gaza blast kills 4

Four young Palestinians died in an explosion in the southern Gaza Strip on Thursday, hospital officials said, and the Israeli army denied reports from residents that they were killed by an Israeli tank shell.
Published 15 Jun, 2007 12:00am
Nato looks at 'bolt-on' system for US shield

Nato looks at 'bolt-on' system for US shield

Nato defence ministers agreed on Thursday to explore building a "bolt-on" anti-missile system that would plug gaps in a planned US shield in Europe.
Published 15 Jun, 2007 12:00am
Space station computers partly restored

Space station computers partly restored

US and Russian flight controllers partially restored critical computers aboard the International Space Station on Thursday after a system crash that could have forced the $100 billion orbital outpost's crew back to Earth.
Published 15 Jun, 2007 12:00am
US voices concern on Gaza, denounces Hamas

US voices concern on Gaza, denounces Hamas

The White House on Thursday expressed deep concern about the deteriorating situation in the Gaza Strip and accused the militant group Hamas of committing "acts of terror" against the Palestinian people.
Published 15 Jun, 2007 12:00am
Thai army denies martial law rumour

Thai army denies martial law rumour

Thai army chief and coup leader Sonthi Boonyaratglin denied rumours on Thursday that he was about to fire his appointed prime minister or impose martial law in the capital, to the relief of nervous stock market investors.
Published 15 Jun, 2007 12:00am
Anti-Syrians bury slain Lebanese MP, blame Damascus

Anti-Syrians bury slain Lebanese MP, blame Damascus

Some 3,000 mourners chanted anti-Syrian slogans on Thursday at the funeral of a Lebanese legislator killed in a car bomb attack that deepened Lebanon's political crisis. Walid Eido was the seventh anti-Syrian figure to be assassinated since February 2005,
Published 15 Jun, 2007 12:00am
Young mother among three jailed in 1993 Mumbai blasts

Young mother among three jailed in 1993 Mumbai blasts

An Indian court jailed a man for life and sentenced two women to five years in prison on Thursday for their roles in India's worst bombings that killed 257 people in Mumbai in 1993.
Published 15 Jun, 2007 12:00am
Britain names on-the-run al Qaeda-linked suspect

Britain names on-the-run al Qaeda-linked suspect

An on-the-run British terrorism suspect, linked to one of the London 2005 suicide bombers, was named on Thursday after a court lifted an order that banned revealing his identity.
Published 15 Jun, 2007 12:00am
Ban Ki-moon bemoans Austrian predecessor's death

Ban Ki-moon bemoans Austrian predecessor's death

UN chief Ban Ki-moon on Thursday expressed sadness over the death of his Austrian predecessor and ex-president Kurt Waldheim and sent condolences to his family.
Published 15 Jun, 2007 12:00am
Search for Bangladesh landslide victims called off

Search for Bangladesh landslide victims called off

Authorities in Bangladesh on Thursday called off the search for bodies following landslides that struck the city of Chittagong earlier this week and said the toll stood at 126.
Published 15 Jun, 2007 12:00am
Three killed, 13 schools burnet in southern Thailand

Three killed, 13 schools burnet in southern Thailand

Three Muslim men were gunned down, while separatist insurgents set fire to 13 schools in Thailand's Muslim-majority south, police said Thursday. Two men were killed in separate drive-by shootings late Wednesday and mid-day Thursday in Yala, one of three i
Published 15 Jun, 2007 12:00am
Nepal empowers MPs to abolish monarchy before polls

Nepal empowers MPs to abolish monarchy before polls

Nepal's embattled monarchy could be abolished before this year's constituent assembly elections if the king attempts to sabotage the vote expected to decide his future, officials said on Thursday.
Published 15 Jun, 2007 12:00am
Missing Kenyan policemen killed at Somali border

Missing Kenyan policemen killed at Somali border

Two Kenyan policemen believed kidnapped by Islamist fighters were found murdered on the border with Somalia on Thursday. "The missing officers have been found dead," Kenya's north-eastern police commander, Anthony Kibucha, told Reuters.
Published 15 Jun, 2007 12:00am
Ponting reveals secret of Aussie success

Ponting reveals secret of Aussie success

Australia captain Ricky Ponting on Thursday revealed the secret of his team's success in international cricket, saying they were always keen to raise the bar.
Published 15 Jun, 2007 12:00am
Aussie Bayliss named Sri Lanka coach

Aussie Bayliss named Sri Lanka coach

Trevor Bayliss of Australia has been named coach of Sri Lanka, officials told AFP on Thursday. "Bayliss has been appointed for a two-year period starting on August 1," Sri Lanka Cricket (SLC) spokesman Samantha Algama said.
Published 15 Jun, 2007 12:00am
Woods two strokes off early pace at US Open

Woods two strokes off early pace at US Open

Tiger Woods, bidding for a third major title in four starts, was two strokes off the early lead after covering his first nine holes in level par at the US Open on Thursday. The world number one offset two bogeys with two birdies to reach the turn in 35, t
Published 15 Jun, 2007 12:00am
Roddick struggles on way to Queen's quarter-finals

Roddick struggles on way to Queen's quarter-finals

Three-times former champion Andy Roddick had a bumpy ride into the quarter-finals at Queen's on Thursday, pushed all the way on his favoured grass surface by British wildcard Alex Bogdanovic. The world number five looked the lesser player for much of the
Published 15 Jun, 2007 12:00am
Pakistan to relieve Woolmer's staff

Pakistan to relieve Woolmer's staff

Pakistan said Thursday it would not extend the contracts of late cricket coach Bob Woolmer's foreign support staff. Trainer Murray Stevenson and physiotherapist Darryn Lifson had worked with Woolmer before the former England batsman died in Jamaica during
Published 15 Jun, 2007 12:00am
Two matches decided in Apollo cricket tourney

Two matches decided in Apollo cricket tourney

Two matches were decided in the Apollo Sports Cricket Club under Apollo Sports Cricket Club and Nayyar Soch Cricket Club at Railway Allama Iqbal Institute Ground (formerly Carson Ground) on Thursday. Baghbanpura Green beat Anwar Sports by 84 runs. Baghban
Published 15 Jun, 2007 12:00am
Hong Kong dollar steady

Hong Kong dollar steady

The Hong Kong dollar regained some ground on Thursday, boosted by a rebound in the local stock market. The currency was trading at 7.8159/63 against the US dollar, having touched a high of 7.8146, firmer than 7.8168/70 in late Wednesday trade in Asia.
Published 15 Jun, 2007 12:00am
Asian currencies: rupiah and peso recover after

Asian currencies: rupiah and peso recover after

The Indonesian rupiah and Philippine peso rose on Thursday after a sell-off the previous session, tracking volatility in the US Treasury market, where yields retreated as appetite for risk improved.
Published 15 Jun, 2007 12:00am
Swiss franc up

Swiss franc up

The Swiss franc strengthened versus the euro on Thursday ahead of an expected interest rate increase by the Swiss National Bank, which has been saying the weak franc could become a threat to inflation.
Published 15 Jun, 2007 12:00am
Dollar trades at 4-1/2-year high

Dollar trades at 4-1/2-year high

The dollar climbed to a 4-1/2-year high against the yen on Wednesday, helped by data indicating US retail sales growth in May was the highest since January 2006, which many investors took as a sign of a pick-up in US economic growth.
Published 15 Jun, 2007 12:00am
Dollar scales fresh 4-1/2-year peak

Dollar scales fresh 4-1/2-year peak

The dollar hit a 4-1/2-year high against the yen on Thursday, extending gains after strong US retail sales data the previous session reinforced expectations that the Federal Reserve would not cut interest rates this year. A surge in benchmark US yields to
Published 15 Jun, 2007 12:00am
Yuan hits high

Yuan hits high

China's yuan hit a new high against the dollar on Thursday after moderate statements on the currency issue by US officials convinced traders that gradual but constant appreciation would continue. But the Chinese currency tumbled in the last 20 minutes of
Published 15 Jun, 2007 12:00am
Jakarta shares gain

Jakarta shares gain

Indonesian share prices closed 0.95 percent higher on Thursday supported by a rebound on Wall Street overnight which fed through into firmer finishes in key East Asian markets, dealers said. They said Telkom, miners and interest rate-sensitive stocks such
Published 15 Jun, 2007 12:00am
Indian shares rise

Indian shares rise

Indian share prices rose 1.43 percent on Thursday on strong regional market trends as the benchmark 30-share Sensex crossed the 14,200 level on fund buying in metal and banking stocks, dealers said.
Published 15 Jun, 2007 12:00am
New Zealand shares close little changed

New Zealand shares close little changed

New Zealand share prices closed little changed on Thursday as uncertainty about the local economic outlook kept investors sidelined, dealers said. They said the local share market gave up early gains, which followed the strong finish by Wall Street.
Published 15 Jun, 2007 12:00am
Tokyo stocks rise, Fanuc, exporters soar

Tokyo stocks rise, Fanuc, exporters soar

The Nikkei average rose 0.62 percent on Thursday as Fanuc Ltd climbed on a new factory plan and a weakening yen lifted exporters such as Advantest Corp Small-cap issues rose, with the Mothers index jumping 5.28 percent and supporting the overall market.
Published 15 Jun, 2007 12:00am
Thai share prices up

Thai share prices up

Thai share prices closed 1.15 percent higher on Thursday on regional gains and a technical rebound after heavy losses in the past two days on political worries, dealers said. They said trading volume was thin as investors remained cautious, even though th
Published 15 Jun, 2007 12:00am
Singapore shares surge

Singapore shares surge

Singapore share prices closed 0.63 percent higher on Thursday, tracking gains in regional markets and Wall Street's recovery, dealers said. The Straits Times Index ended 22.21 points higher at 3,573.43 on volume of 3.48 billion shares worth 2.18 billion d
Published 15 Jun, 2007 12:00am
Philippines shares end higher

Philippines shares end higher

Philippines share prices closed 2.39 percent higher at a new record close on Thursday due to the recovery of US stocks overnight, dealers said. The US market recovered after bond yields eased and retail sales surpassed expectations, they said.
Published 15 Jun, 2007 12:00am
US Treasuries rebound sharply

US Treasuries rebound sharply

US government bond prices rebounded on Wednesday, with the benchmark 10-year Treasury note posting its best day since March technical factors and reduced selling by mortgage players after Tuesday's rout.
Published 15 Jun, 2007 12:00am
US Treasuries rebound sharply

US Treasuries rebound sharply

US government bond prices rebounded on Wednesday, with the benchmark 10-year Treasury note posting its best day since March technical factors and reduced selling by mortgage players after Tuesday's rout.
Published 15 Jun, 2007 12:00am
US stocks soar on bond yields' retreat

US stocks soar on bond yields' retreat

US stocks jumped on Wednesday, as lower bond yields triggered a rebound in utilities and other shares sensitive to interest rates, while signs of strength in the economy reassured investors. The Dow posted its best day since July after data signalled stre
Published 15 Jun, 2007 12:00am
Hong Kong shares jump

Hong Kong shares jump

Hong Kong stocks rallied across the board on Thursday, taking cues from Wall Street after a strong recovery on lower bond yields, with China plays climbing to a record high. Surging resource shares fuelled gains in Hong Kong-listed shares in mainland comp
Published 15 Jun, 2007 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed 0.31 percent higher on Thursday in quiet trade led by select construction and property counters, dealers said. They said a deal inked between a Malaysian consortium and a Qatar-based firm for a planned collaboration in a 2.9
Published 15 Jun, 2007 12:00am
Taiwan stocks continue winning streak

Taiwan stocks continue winning streak

Taiwan shares rose 1.25 percent to a seven-year closing high on Thursday, with solar cell maker E-Ton advancing on its plans to acquire US solar power parts maker Adema Technologies. The main TAIEX share index finished 104.33 points higher at 8,450.72, re
Published 15 Jun, 2007 12:00am
French minister refuses to confirm wage rise

French minister refuses to confirm wage rise

French Labour Minister Xavier Bertrand refused to confirm a media report on Thursday that the national minimum wage would be lifted by just 2 percent in July, well below rises in previous years.
Published 15 Jun, 2007 12:00am
British private equity chief resigns from industry body

British private equity chief resigns from industry body

The boss of an industry body representing most of Britain's private equity groups resigned on Thursday, just two days after being grilled by British politicians on the sector's much criticised practices.
Published 15 Jun, 2007 12:00am
Eurozone inflation hits ECB target again

Eurozone inflation hits ECB target again

Eurozone annual inflation hit the European Central Bank's price stability target for the ninth month in a row in May but economists expect it to pick up later in 2007 with the ECB raising interest rates further.
Published 15 Jun, 2007 12:00am
Kenya's revenue to rise 14 percent

Kenya's revenue to rise 14 percent

Kenya's revenue will rise 14 percent to 428.8 billion Kenya shillings ($6.46 billion) in the 2007/08 fiscal year, the finance minister said on Thursday. Kenyans are expected to hold presidential and parliamentary elections in December and analysts have sa
Published 15 Jun, 2007 12:00am
Disney Studios keen on more India, China movie deals

Disney Studios keen on more India, China movie deals

Walt Disney Studios is keen to build its presence in markets such as India and China, and will harness local talent to ensure that it is not just exporting US movies but making entertainment tailored for domestic tastes.
Published 15 Jun, 2007 12:00am
Vietnam leader visits US for trade, other issues

Vietnam leader visits US for trade, other issues

Business deals will dominate the first visit to the United States next week by a post-war Vietnam president, but both sides are braced to discuss sensitive issues of jailed political activists and victims of "agent orange".
Published 15 Jun, 2007 12:00am
European companies spew cash despite credit risk

European companies spew cash despite credit risk

European corporate debt danger signals are flashing ever brighter as companies push cash at shareholders, but the bonanza will continue because credit markets are ignoring the rising risk. Under pressure from shareholders and the threat of being taken ove
Published 15 Jun, 2007 12:00am
Italy Treasury sees firmer GDP growth and output

Italy Treasury sees firmer GDP growth and output

The Italian Treasury's chief economist expects economic growth to speed up in the second quarter after a first quarter slowdown while industrial output should rebound in May, he said on Thursday.
Published 15 Jun, 2007 12:00am
IMF calls for clearer Africa aid timetable

IMF calls for clearer Africa aid timetable

Rich countries' pledges of more aid to Africa are undermined by the lack of a delivery timetable which prevents the world's poorest nations from planning development, the International Monetary Fund said on Wednesday.
Published 15 Jun, 2007 12:00am
Italian port aims to grab China trade share

Italian port aims to grab China trade share

Italy's port of Ravenna is investing heavily to grab a bigger share of growing trade with China and other Asian countries, the port authority told Reuters. The northeast Adriatic port is the country's leading handler of cereals and cereal products, with t
Published 15 Jun, 2007 12:00am
EU says report won't deal with Bulgaria funds

EU says report won't deal with Bulgaria funds

The European Commission said on Thursday that a report on the state of justice, corruption and organised crime in Bulgaria and Romania this month would not discuss a possible withholding of EU funds from either newcomer.
Published 15 Jun, 2007 12:00am
Cambodia Prime Minister calls for more investment from Japan

Cambodia Prime Minister calls for more investment from Japan

Cambodian Prime Minister Hun Sen urged Japanese business leaders on Thursday to invest more in one of Asia's poorest countries, which he said could make a new start as a country built on rich natural resources.
Published 15 Jun, 2007 12:00am
Opec sees enough supply, ready to pump more

Opec sees enough supply, ready to pump more

Opec said on Thursday that crude oil supply was sufficient for now, though the producer group stands ready to raise supply if needed to meet growing world demand.
Published 15 Jun, 2007 12:00am
Marriott to create new hotel brand

Marriott to create new hotel brand

Marriott International Inc, the top US hotel operator, said on Thursday it will create a new brand of boutique hotels, the latest effort by lodging companies to appeal to travellers weary of cookie-cutter accommodations.
Published 15 Jun, 2007 12:00am
Lufthansa and Egypt Air in code-sharing deal

Lufthansa and Egypt Air in code-sharing deal

German flag carrier Lufthansa unveiled Thursday a code-sharing agreement with Egypt Air that it said would mark the start of close co-operation between the two airlines in the future. Lufthansa said in a statement that the co-operation would begin with th
Published 15 Jun, 2007 12:00am
China's industrial output surges

China's industrial output surges

China's industrial output surged 18.1 percent in May from a year earlier, beating market forecasts and hardening the case for further policy tightening to tamp down the world's fastest-growing major economy.
Published 15 Jun, 2007 12:00am
Strong UK sales and price outlook suggest rate rise near

Strong UK sales and price outlook suggest rate rise near

Robust UK retail sales figures and record high inflation expectations on Thursday left the door firmly open for at least one more interest rate hike this year even as the housing market showed signs of cooling.
Published 15 Jun, 2007 12:00am
Farmer groups warn of trade talk risks to the poor

Farmer groups warn of trade talk risks to the poor

Farmers from rich and poor countries warned that attempts to open up agriculture to more competition in a global trade deal would help only a few countries at the expense of subsistence farmers world-wide.
Published 15 Jun, 2007 12:00am
Shell and Exxon to sell some North Sea assets

Shell and Exxon to sell some North Sea assets

Royal Dutch Shell Plc and Exxon Mobil Corp have put North Sea oil and gas fields with around 74,000 barrels per day of production up for sale, as the oil majors reduce their involvement in the mature oil province. A Shell spokesman said the company was al
Published 15 Jun, 2007 12:00am
US top court allows lawsuits on UN property taxes

US top court allows lawsuits on UN property taxes

The US Supreme Court ruled on Thursday that foreign governments can be sued in an effort to collect unpaid local property taxes on residences for their diplomats at the United Nations.
Published 15 Jun, 2007 12:00am
Paulson urges allies to do more on anti-terror

Paulson urges allies to do more on anti-terror

US Treasury Secretary Henry Paulson on Thursday said some allies lack political will to follow the US example of using the financial system to clamp down on countries that sponsor terror or seek nuclear weapons.
Published 15 Jun, 2007 12:00am
Top EU court dismisses safety claim against UK

Top EU court dismisses safety claim against UK

The European Union's top court dismissed charges on Thursday that Britain broke EU laws by limiting how far companies need to go in ensuring the health and safety of their employees.
Published 15 Jun, 2007 12:00am
US producer prices up on energy rise

US producer prices up on energy rise

Higher energy costs boosted producer prices 0.9 percent in May, but excluding volatile food and energy costs, prices paid at the factory gate were up a more moderate 0.2 percent, the Labour Department reported on Thursday.
Published 15 Jun, 2007 12:00am
27,000 workers have left Ford

27,000 workers have left Ford

Ford Motor Co said on Thursday about 27,000 of the union workers who accepted buyout offers have left the company so far. Ford, which last year offered United Auto Workers union employees buyouts as part of its restructuring, has said 37,000 workers accep
Published 15 Jun, 2007 12:00am
27,000 workers have left Ford

27,000 workers have left Ford

Ford Motor Co said on Thursday about 27,000 of the union workers who accepted buyout offers have left the company so far. Ford, which last year offered United Auto Workers union employees buyouts as part of its restructuring, has said 37,000 workers accep
Published 15 Jun, 2007 12:00am
Renault mulling super low-cost car

Renault mulling super low-cost car

Renault is considering producing a super low-cost car for emerging markets, it said on Thursday after a newspaper reported it would design a $3,000 model in India, which would rank as one of the world's cheapest cars. Annual car sales in India are expecte
Published 15 Jun, 2007 12:00am
Abbas dissolves Hamas-led government, declares emergency

Abbas dissolves Hamas-led government, declares emergency

Hamas fighters hunted down key loyalists of the Western-backed Palestinian president in the Gaza Strip on Thursday after seizing most of the final strongholds of his secular Fatah movement in the enclave.
Published 15 Jun, 2007 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian crude palm oil futures edged 0.8 percent higher on Thursday as strong buying after sharp decline supported the market. But gains were muted by concerns over falling exports and increased production, dealers said.
Published 15 Jun, 2007 12:00am
Abbas dissolves Hamas-led government, declares emergency

Abbas dissolves Hamas-led government, declares emergency

Hamas fighters hunted down key loyalists of the Western-backed Palestinian president in the Gaza Strip on Thursday after seizing most of the final strongholds of his secular Fatah movement in the enclave.
Published 15 Jun, 2007 12:00am
Tokyo rubber extends gains

Tokyo rubber extends gains

Tokyo rubber futures rose almost 1 percent on Thursday, extending gains for a second day on signs that physical rubber prices may have hit a floor. Buying from Chinese and Japanese buyers has been detected on dips in the cash market.
Published 15 Jun, 2007 12:00am
Eight security men, one cop killed in Quetta

Eight security men, one cop killed in Quetta

Unidentified gunmen ambushed a van carrying security personnel in Quetta on Thursday, killing nine people and wounding four, police said. Eight soldiers and one policemen were killed in the attack outside the railway station, they said.
Published 15 Jun, 2007 12:00am
CBOT rice closes strong

CBOT rice closes strong

Rough rice futures on the Chicago Board of Trade rose to one-month top on Wednesday, with July seeing its highest closing price since mid-March on follow-through speculative buying by commodity funds, traders said.
Published 15 Jun, 2007 12:00am
Eight security men, one cop killed in Quetta

Eight security men, one cop killed in Quetta

Unidentified gunmen ambushed a van carrying security personnel in Quetta on Thursday, killing nine people and wounding four, police said. Eight soldiers and one policemen were killed in the attack outside the railway station, they said.
Published 15 Jun, 2007 12:00am
Soyabeans slip

Soyabeans slip

Chicago Board of Trade soyabean and soyaoil futures closed lower on Wednesday, tracking the moves in the Malaysian palm oil market overnight, traders said. "The weakness in palm oil, which affected the soyabean oil and concerns about China possibly raisin
Published 15 Jun, 2007 12:00am
New York sugar settles at two-year low

New York sugar settles at two-year low

Raw sugar futures reeled from speculative sales and switch dealings to end on Wednesday at their lowest level in more than two years, and a glut could pressure the market in the weeks ahead, brokers said.
Published 15 Jun, 2007 12:00am
Indonesia palm oil mixed

Indonesia palm oil mixed

Indonesian palm oil prices were mixed on Thursday on Malaysia's fluctuating crude palm oil futures and government pressure to control cooking oil prices. In North Sumatra's Medan, the leading port for palm oil exports, crude palm oil traded at 6,823 rupia
Published 15 Jun, 2007 12:00am
Shanghai copper tracks LME up

Shanghai copper tracks LME up

Shanghai copper pushed up on Thursday after a rally in London futures in the previous session on positive US data and threats to supply, but sentiment was fragile as investors fretted that Chinese demand may slow.
Published 15 Jun, 2007 12:00am
Prime Minister takes steps to meet unprecedented power demand

Prime Minister takes steps to meet unprecedented power demand

Prime Minister Shaukat Aziz on Thursday chaired a high-level meeting to review the unprecedented power demand in the country as a result of high economic growth and increased consumption in all sectors of the economy.
Published 15 Jun, 2007 12:00am
Oil steadies at $70

Oil steadies at $70

Oil price steadied at around $70 a barrel on Thursday, with traders catching their breath after a $1 spike on unexpectedly flat gasoline stocks and a deepening deficit in heating fuel supplies.
Published 15 Jun, 2007 12:00am
Prime Minister takes steps to meet unprecedented power demand

Prime Minister takes steps to meet unprecedented power demand

Prime Minister Shaukat Aziz on Thursday chaired a high-level meeting to review the unprecedented power demand in the country as a result of high economic growth and increased consumption in all sectors of the economy.
Published 15 Jun, 2007 12:00am
Indian cane seen losing ground to oilseed, pulses

Indian cane seen losing ground to oilseed, pulses

Indian sugar mills reeling under a glut have failed to compensate cane farmers and this is likely to divert cultivation area to more profitable oilseed and pulses, trade and industry officials said.
Published 15 Jun, 2007 12:00am
Prime Minister takes steps to meet unprecedented power demand

Prime Minister takes steps to meet unprecedented power demand

Prime Minister Shaukat Aziz on Thursday chaired a high-level meeting to review the unprecedented power demand in the country as a result of high economic growth and increased consumption in all sectors of the economy.
Published 15 Jun, 2007 12:00am
Malaysian tin flat

Malaysian tin flat

Malaysian tin closed unchanged on Thursday due to a technical correction over London Metal Exchange prices, one dealer said.
Published 15 Jun, 2007 12:00am
Gold off three-month low

Gold off three-month low

Gold rebounded on Thursday after a fall to its lowest in three months attracted bargain hunters, helping to lift futures contracts in Tokyo. Spot gold rose to $651.00/651.70 an ounce from $647.20/650.70 late in New York on Wednesday, when it hit a three-m
Published 15 Jun, 2007 12:00am
Palladium gained

Palladium gained

Spot gold bounced back on Thursday, recovering from a three-month low on bargain hunting, while Tokyo futures rose by 1 percent, helped by a slide in the value of the yen. Spot gold rose to $650.20/$651.70 an ounce from $647.20/$650.70 last quoted in New
Published 15 Jun, 2007 12:00am
Gold turns lower in New York

Gold turns lower in New York

US gold futures ended modestly lower on Wednesday, as general concerns about rising interest rates interrupted advance. Higher-than-expected US retail sales and import price data also suggested inflation was heating up, prompting investors to liquidate, t
Published 15 Jun, 2007 12:00am
US copper futures higher

US copper futures higher

US copper futures reversed losses to close slightly higher on Wednesday as red metal traders took their cue from a rebound in global equities and stabilising precious metals markets, analysts said.
Published 15 Jun, 2007 12:00am
French wheat at historic high

French wheat at historic high

French wheat futures soared to new historic highs at open on Thursday after the surge of US wheat futures to new 11-year highs the previous day and on continued worries over global supplies.
Published 15 Jun, 2007 12:00am
Spring wheat futures close higher

Spring wheat futures close higher

Spring wheat futures at the Minneapolis Grain Exchange closed sharply higher on Wednesday, posting contract highs on slipover strength from the soaring Kansas City and Chicagoo wheat markets, traders said. Some concern about flooding in the northern US Pl
Published 15 Jun, 2007 12:00am
Big spinners to yield Rs 34.556 billion net revenue

Big spinners to yield Rs 34.556 billion net revenue

Big revenue spinners in the new financial year would be one per cent special surcharge on imports (Rs 13.24 billion); revision of tariff on automobile industry (Rs 1.3 billion); 20 percent sales tax on specified raw materials (Rs 9.1 billion); rationalisa
Published 15 Jun, 2007 12:00am
New York coffee climbs

New York coffee climbs

US arabica coffee settled higher on Wednesday, on chart-based buying after probing a gap lower on pressure from the robusta market on Tuesday, traders said. "We just had a technical bounce after coming close to filling that downside gap yesterday. Overall
Published 15 Jun, 2007 12:00am
Big spinners to yield Rs 34.556 billion net revenue

Big spinners to yield Rs 34.556 billion net revenue

Big revenue spinners in the new financial year would be one per cent special surcharge on imports (Rs 13.24 billion); revision of tariff on automobile industry (Rs 1.3 billion); 20 percent sales tax on specified raw materials (Rs 9.1 billion); rationalisa
Published 15 Jun, 2007 12:00am
New York cocoa mostly lower

New York cocoa mostly lower

US cocoa futures settled mostly lower on Wednesday after a rangebound session dominated by continued July/September position rolling, traders said. "We're getting a lot of rollovers right now because of the first notice period for July cocoa on (June) 18t
Published 15 Jun, 2007 12:00am
Big spinners to yield Rs 34.556 billion net revenue

Big spinners to yield Rs 34.556 billion net revenue

Big revenue spinners in the new financial year would be one per cent special surcharge on imports (Rs 13.24 billion); revision of tariff on automobile industry (Rs 1.3 billion); 20 percent sales tax on specified raw materials (Rs 9.1 billion); rationalisa
Published 15 Jun, 2007 12:00am
NYBoT cotton stocks rise

NYBoT cotton stocks rise

Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of June 12 totalled 713,518 (480-lb) bales, from 711,186 bales the previous session. There were no bales issued, no bales were awaiting review
Published 15 Jun, 2007 12:00am
NEC authorises Planning Commission to release funds

NEC authorises Planning Commission to release funds

The National Economic Council (NEC) has directed the Ministry of Finance to place development funds at the disposal of Planning Commission to expeditiously release them to the executing agencies when required, official sources told Business Recorder </
Published 15 Jun, 2007 12:00am
Weekly world market rice prices

Weekly world market rice prices

The US Agriculture Department's Commodity Credit Corp announced the following world market prices of milled and rough rice. The data are adjusted for US milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (
Published 15 Jun, 2007 12:00am
NEC authorises Planning Commission to release funds

NEC authorises Planning Commission to release funds

The National Economic Council (NEC) has directed the Ministry of Finance to place development funds at the disposal of Planning Commission to expeditiously release them to the executing agencies when required, official sources told Business Recorder </
Published 15 Jun, 2007 12:00am
Cotton prices remain stable

Cotton prices remain stable

As the current cotton season (2006-07) draws to a close with a small number of unsold bales remaining with the ginners, cotton prices in the ready market are giving a steadier appearance. Furthermore, even though the government concessions and incentives
Published 15 Jun, 2007 12:00am
NEC authorises Planning Commission to release funds

NEC authorises Planning Commission to release funds

The National Economic Council (NEC) has directed the Ministry of Finance to place development funds at the disposal of Planning Commission to expeditiously release them to the executing agencies when required, official sources told Business Recorder </
Published 15 Jun, 2007 12:00am
Cotton prices remain stable

Cotton prices remain stable

As the current cotton season (2006-07) draws to a close with a small number of unsold bales remaining with the ginners, cotton prices in the ready market are giving a steadier appearance. Furthermore, even though the government concessions and incentives
Published 15 Jun, 2007 12:00am
Rs 2,800 million allocated to agriculture sector

Rs 2,800 million allocated to agriculture sector

The Punjab government has allocated Rs 2,800 million in its budget 2007-08 for developing agricultural sector under the Annual Development programme (ADP), which is 154 percent higher than the current fiscal year's.
Published 15 Jun, 2007 12:00am
Subdued business on grain market

Subdued business on grain market

Subdued business was seen on the grain market on Thursday as supply position was tight from the upcountry centres, dealers said. On the seed side, cottonseed oilcake low type picked up Rs 20 to Rs 400 and better type was higher by Rs 40 to Rs 600, they sa
Published 15 Jun, 2007 12:00am
Rs 2,800 million allocated to agriculture sector

Rs 2,800 million allocated to agriculture sector

The Punjab government has allocated Rs 2,800 million in its budget 2007-08 for developing agricultural sector under the Annual Development programme (ADP), which is 154 percent higher than the current fiscal year's.
Published 15 Jun, 2007 12:00am
Kenyan tea prices mixed

Kenyan tea prices mixed

Kenyan tea prices were mixed at this week's auction following quality, with demand mainly driven by Egyptian, Afghanistan and Russian interest, market players said on Wednesday.
Published 15 Jun, 2007 12:00am
Rs 2,800 million allocated to agriculture sector

Rs 2,800 million allocated to agriculture sector

The Punjab government has allocated Rs 2,800 million in its budget 2007-08 for developing agricultural sector under the Annual Development programme (ADP), which is 154 percent higher than the current fiscal year''s.
Published 15 Jun, 2007 12:00am
Modest business seen on cotton market

Modest business seen on cotton market

Trading activity improved on the cotton market on Thursday as spinners made some fresh buying to meet their requirements, dealers said The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2600, they added. In the ready business, nea
Published 15 Jun, 2007 12:00am
Rs 2,800 million allocated to agriculture sector

Rs 2,800 million allocated to agriculture sector

The Punjab government has allocated Rs 2,800 million in its budget 2007-08 for developing agricultural sector under the Annual Development programme (ADP), which is 154 percent higher than the current fiscal year''''s.
Published 15 Jun, 2007 12:00am
Oil cake market rates

Oil cake market rates

The July vaida did not show any change while the December contract was higher on the forward cottonseed oilcake market on Thursday, dealers said. The July vaida opened at the overnight level at Rs 650.00 and market settled at the same rate without showing
Published 15 Jun, 2007 12:00am
Crop Maximisation-II project from July 1

Crop Maximisation-II project from July 1

Ministry of Food, Agriculture and Livestock (Minfal) has decided to start a Crop Maximisation-II project from July 1 with a view to facilitate the poor farmers, sources told Business Recorder.
Published 15 Jun, 2007 12:00am
US Plains HRW wheat steady

US Plains HRW wheat steady

US Plains hard red winter wheat basis bids were mostly steady on Thursday, with country wheat players eyeing soaring futures prices amid sporadic harvesting of the new crop.
Published 15 Jun, 2007 12:00am
Crop Maximisation-II project from July 1

Crop Maximisation-II project from July 1

Ministry of Food, Agriculture and Livestock (Minfal) has decided to start a Crop Maximisation-II project from July 1 with a view to facilitate the poor farmers, sources told Business Recorder.
Published 15 Jun, 2007 12:00am
CBOT wheat higher

CBOT wheat higher

Wheat futures at the Chicago Board of Trade closed sharply higher on Wednesday, hitting the highest spot price in 11 years on speculative buying tied to tight world supplies and bullish technical signals, traders said.
Published 15 Jun, 2007 12:00am
Crop Maximisation-II project from July 1

Crop Maximisation-II project from July 1

Ministry of Food, Agriculture and Livestock (Minfal) has decided to start a Crop Maximisation-II project from July 1 with a view to facilitate the poor farmers, sources told Business Recorder.
Published 15 Jun, 2007 12:00am
US Midwest corn, soyabeans and wheat mostly steady

US Midwest corn, soyabeans and wheat mostly steady

Spot basis bids for corn, soyabeans and wheat were steady at most processors and elevators around the US Midwest on Wednesday amid light farmer selling on the cash market, grain dealers said.
Published 15 Jun, 2007 12:00am
Jamadi-us-Sani moon may not be sighted today

Jamadi-us-Sani moon may not be sighted today

The new moon may not be sighted today (Friday). Therefore, Jamadi-us-Sani 1, 1428 AH will fall on Sunday. According to astronomical parameters, there is no chance of sighting the Jamadi-us-Sani moon today.
Published 15 Jun, 2007 12:00am
Corn futures up

Corn futures up

Corn futures at the Chicago Board of Trade rose nearly 3 percent on Wednesday rallying to a 2-1/2-month high by the close on weather worries and a surge in wheat, traders and analysts said. "Dryness in the eastern Corn Belt is the story, I think the marke
Published 15 Jun, 2007 12:00am
Jamadi-us-Sani moon may not be sighted today

Jamadi-us-Sani moon may not be sighted today

The new moon may not be sighted today (Friday). Therefore, Jamadi-us-Sani 1, 1428 AH will fall on Sunday. According to astronomical parameters, there is no chance of sighting the Jamadi-us-Sani moon today.
Published 15 Jun, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 88,810 tonnes cargo including 76,208 tonnes import, 12,602 tonnes export cargo and 3,739 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 56,674 tonnes dry cargo including 44,527 tonn
Published 15 Jun, 2007 12:00am
Singapore bunker fuel prices rise

Singapore bunker fuel prices rise

Singapore bunker prices rose on Thursday, as its differential to fuel oil cargo turned positive for the first time in six sessions on strong demand as panic-stricken buyers flooded the market.
Published 15 Jun, 2007 12:00am
Japan buys 65,000 tonnes of wheat

Japan buys 65,000 tonnes of wheat

Japan's Agriculture Ministry bought a total of 65,000 tonnes of milling wheat from the United States, Canada and Australia at a weekly tender, ministry officials said on Thursday. All shipments are scheduled to take place in August. The purchased amount f
Published 15 Jun, 2007 12:00am
Stock market turns bearish

Stock market turns bearish

The Karachi Stock Exchange (KSE) started on a strong positive note on Thursday and the benchmark KSE-100 index hit the highest-ever 13,613.26 points intra-day high level. However, it could not sustain its momentum due to some technical resistance at this
Published 15 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 15 Jun, 2007 12:00am
Stock market turns bearish

Stock market turns bearish

The Karachi Stock Exchange (KSE) started on a strong positive note on Thursday and the benchmark KSE-100 index hit the highest-ever 13,613.26 points intra-day high level. However, it could not sustain its momentum due to some technical resistance at this
Published 15 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 15 Jun, 2007 12:00am
Stock market turns bearish

Stock market turns bearish

The Karachi Stock Exchange (KSE) started on a strong positive note on Thursday and the benchmark KSE-100 index hit the highest-ever 13,613.26 points intra-day high level. However, it could not sustain its momentum due to some technical resistance at this
Published 15 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 Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
Education sector gets Rs 21,480.450 million

Education sector gets Rs 21,480.450 million

The Punjab government has allocated Rs 21,480.450 million to education sector in the province's budget 2007-08, which is 72% higher than that of financial year 2006-07 (Rs 1,2480m). It also includes Rs 5,000 million for the World Bank assisted Punjab Educ
Published 15 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 Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
Education sector gets Rs 21,480.450 million

Education sector gets Rs 21,480.450 million

The Punjab government has allocated Rs 21,480.450 million to education sector in the province's budget 2007-08, which is 72% higher than that of financial year 2006-07 (Rs 1,2480m). It also includes Rs 5,000 million for the World Bank assisted Punjab Educ
Published 15 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 Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
Education sector gets Rs 21,480.450 million

Education sector gets Rs 21,480.450 million

The Punjab government has allocated Rs 21,480.450 million to education sector in the province''s budget 2007-08, which is 72% higher than that of financial year 2006-07 (Rs 1,2480m). It also includes Rs 5,000 million for the World Bank assisted Punjab Edu
Published 15 Jun, 2007 12:00am
Education sector gets Rs 21,480.450 million

Education sector gets Rs 21,480.450 million

The Punjab government has allocated Rs 21,480.450 million to education sector in the province''''s budget 2007-08, which is 72% higher than that of financial year 2006-07 (Rs 1,2480m). It also includes Rs 5,000 million for the World Bank assisted Punjab E
Published 15 Jun, 2007 12:00am
Rs 150 billion allocated to ADP

Rs 150 billion allocated to ADP

The Punjab government has allocated Rs 150 billion to Annual Development Programme (ADP) in the budget 2007-08, which is 50 percent higher as compared to last year's.
Published 15 Jun, 2007 12:00am
Rs 150 billion allocated to ADP

Rs 150 billion allocated to ADP

The Punjab government has allocated Rs 150 billion to Annual Development Programme (ADP) in the budget 2007-08, which is 50 percent higher as compared to last year's.
Published 15 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 Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
Rs 150 billion allocated to ADP

Rs 150 billion allocated to ADP

The Punjab government has allocated Rs 150 billion to Annual Development Programme (ADP) in the budget 2007-08, which is 50 percent higher as compared to last year''s.
Published 15 Jun, 2007 12:00am
Rs 150 billion allocated to ADP

Rs 150 billion allocated to ADP

The Punjab government has allocated Rs 150 billion to Annual Development Programme (ADP) in the budget 2007-08, which is 50 percent higher as compared to last year''''s.
Published 15 Jun, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 14, 2007).
Published 15 Jun, 2007 12:00am
Rationalisation of stamp duty proposed

Rationalisation of stamp duty proposed

Punjab Finance Bill 2007-08 tabled before the Punjab Assembly on Thursday proposes rationalisation of stamp duty on various financial instruments and reduction in electricity duty.
Published 15 Jun, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
Rationalisation of stamp duty proposed

Rationalisation of stamp duty proposed

Punjab Finance Bill 2007-08 tabled before the Punjab Assembly on Thursday proposes rationalisation of stamp duty on various financial instruments and reduction in electricity duty.
Published 15 Jun, 2007 12:00am
BRIndex30 drops 84.45 points

BRIndex30 drops 84.45 points

On Thursday, BRIndex30 opened in the green zone at 15,298.82 with an upward gap of 99.45 points. It closed at 15,114.92 with a net negative change of -84.45 points and percentage change of -0.56. It saw intra-day high of 15,336.45 and intra-day low of 15,
Published 15 Jun, 2007 12:00am
BRIndex30 drops 84.45 points

BRIndex30 drops 84.45 points

On Thursday, BRIndex30 opened in the green zone at 15,298.82 with an upward gap of 99.45 points. It closed at 15,114.92 with a net negative change of -84.45 points and percentage change of -0.56. It saw intra-day high of 15,336.45 and intra-day low of 15,
Published 15 Jun, 2007 12:00am
Lahore stocks retreat

Lahore stocks retreat

Share prices retreated and the market finished with 0.6 percent loss as profit-taking set in on second last session of the week, after past two days' surge. The LSE-25 index was registered at 4,788.01 points as compared to 4,819.96 points of the previous
Published 15 Jun, 2007 12:00am
Lahore stocks retreat

Lahore stocks retreat

Share prices retreated and the market finished with 0.6 percent loss as profit-taking set in on second last session of the week, after past two days' surge. The LSE-25 index was registered at 4,788.01 points as compared to 4,819.96 points of the previous
Published 15 Jun, 2007 12:00am
ISE loses 10.62 points

ISE loses 10.62 points

Bears returned in the front seat at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs under the lead of trend-setters amid increase in index. ISE Ten Index was down by 10.62 points as the index moved from 2,734.18 to 2,723.56
Published 15 Jun, 2007 12:00am
ISE loses 10.62 points

ISE loses 10.62 points

Bears returned in the front seat at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs under the lead of trend-setters amid increase in index. ISE Ten Index was down by 10.62 points as the index moved from 2,734.18 to 2,723.56
Published 15 Jun, 2007 12:00am
NCEL successfully completes first month

NCEL successfully completes first month

The National Commodity Exchange Limited (NCEL) has successfully completed its first month's operations. All systems, including trading, settlement, reporting and online banking worked seamlessly throughout the first month, says a press release.
Published 15 Jun, 2007 12:00am
NCEL successfully completes first month

NCEL successfully completes first month

The National Commodity Exchange Limited (NCEL) has successfully completed its first month's operations. All systems, including trading, settlement, reporting and online banking worked seamlessly throughout the first month, says a press release.
Published 15 Jun, 2007 12:00am
NCEL successfully completes first month

NCEL successfully completes first month

The National Commodity Exchange Limited (NCEL) has successfully completed its first month''s operations. All systems, including trading, settlement, reporting and online banking worked seamlessly throughout the first month, says a press release.
Published 15 Jun, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
Punjab budget for 2007-08 approved

Punjab budget for 2007-08 approved

Punjab Cabinet met here on Thursday under the chairmanship of Punjab Chief Minister Chaudhry Pervaiz Elahi and gave approval to the provincial Budget and Annual Development Programme for the year 2007-08. The cabinet was also apprised of the details of th
Published 15 Jun, 2007 12:00am
Punjab budget for 2007-08 approved

Punjab budget for 2007-08 approved

Punjab Cabinet met here on Thursday under the chairmanship of Punjab Chief Minister Chaudhry Pervaiz Elahi and gave approval to the provincial Budget and Annual Development Programme for the year 2007-08. The cabinet was also apprised of the details of th
Published 15 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
New taxes to be levied in Sindh budget: Tariq Hassan

New taxes to be levied in Sindh budget: Tariq Hassan

Adviser to Sindh Chief Minister, Mohammed Tariq Hassan said the budget would provide relief to general public. Addressing a seminar on the budget, organised by the Korangi Association of Trade and Industry (Kati) on Thursday, he said the budget carries fe
Published 15 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Senator S M Zafar is a courageous person. On Thursday he had clarity on his side to articulate the need of the hour. He might have spoken pure poetry, and built up the sequence of events after General Musharraf's taking over administration, of later event
Published 15 Jun, 2007 12:00am
Media a powerful tool of accountability: President

Media a powerful tool of accountability: President

President General Pervez Musharraf on Thursday said media is a powerful tool of accountability and its role is extremely important for portraying the positive image of the country. He was addressing a joint gathering of the officers of Pakistan Air Force
Published 15 Jun, 2007 12:00am
Afgan files reference against Imran

Afgan files reference against Imran

Two days after MQM filed a reference in the National Assembly against PTI chief Imran Khan, Parliamentary Affairs Minister Sher Afgan Niazi has also filed a similar kind of reference to declare cricketer turned politician ineligible for Parliament members
Published 15 Jun, 2007 12:00am
Service of Begum Ra'ana recalled

Service of Begum Ra'ana recalled

Rich tributes were paid to Begum Ra'ana Liaquat Ali Khan for her immense contributions to the cause of women development. The occasion was the commemoration of the 17th death anniversary of Begum Ra'ana Liaquat Ali Khan.
Published 15 Jun, 2007 12:00am
NCA seminar

NCA seminar

The National College of Arts (NCA) Rawalpindi will hold a one-day seminar on "Presence and Process" on June 30 to explore the designing processes of stage drama. The seminar will be held at Liaquat Memorial Hall with a group of artists working in diverse
Published 15 Jun, 2007 12:00am
Opposition demands scrutiny of defence budget

Opposition demands scrutiny of defence budget

The Opposition Thursday called for a parliamentary scrutiny of the defence budget to ensure transparency in the military spending. Debating the budget 2007-08, the opposition legislators said the government has allocated a hefty amount for the defence tha
Published 15 Jun, 2007 12:00am
Airblue plans tree plantation campaign

Airblue plans tree plantation campaign

To counter the affects of greenhouse gases, global warming, Airblue has planned to plant trees at all its domestic and international destinations. Since air transport is one of the contributors to greenhouse gases, efforts are now being made globally to p
Published 15 Jun, 2007 12:00am
Budget raises new issues for textile sector

Budget raises new issues for textile sector

The export-oriented textile sector has termed the federal budget 2007-08 unfavourable, as it rises to new issues, as a result cost of production will further surge up, industry sources said on Thursday.
Published 15 Jun, 2007 12:00am
Budget raises new issues for textile sector

Budget raises new issues for textile sector

The export-oriented textile sector has termed the federal budget 2007-08 unfavourable, as it rises to new issues, as a result cost of production will further surge up, industry sources said on Thursday.
Published 15 Jun, 2007 12:00am
Opposition gives strike call for today

Opposition gives strike call for today

Pakistan People's Party (PPP), Sunni Tehreek (ST), and Awami National Party (ANP) have announced their disassociation with the strike call given by the Pakistan Muslim League (PML-N) and the Muttahida Majlis-i-Amal (MMA) for Friday.
Published 15 Jun, 2007 12:00am
City Council calls for ban on sale of Iranian oil

City Council calls for ban on sale of Iranian oil

The City Council on Thursday unanimously adopted resolutions demanding Punjab-like rulings to abolish the interest-based private transactions in Sindh and curb on sale of Iranian oil amid opposition walkout from the session.
Published 15 Jun, 2007 12:00am
CII opposes mosques building on illegal lands

CII opposes mosques building on illegal lands

The Council of Islamic Ideology (CII) on Thursday said that any mosque or madrassa, which was built on illegal land is contrary to the Islamic law.
Published 15 Jun, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Jun, 2007 12:00am
34 vehicles seized as gang busted

34 vehicles seized as gang busted

Anti-Violate Crime Cell Police (AVCCP) on Thursday arrested a four-member gang of car lifters, who were doing the anti-social business under the garb of Rent a Car service here.
Published 15 Jun, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
'MOTORAZR maxx V6' launched

'MOTORAZR maxx V6' launched

Motorola, Inc on Wednesday announced the regional launch of the MOTORAZR maxx V6, which embodies Motorola's commitment to industry-leading design innovation, unsurpassed entertainment features and next-generation mobile broadband technology.
Published 15 Jun, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 15 Jun, 2007 12:00am
'No deal with government outside court'

'No deal with government outside court'

Senior counsels for Chief Justice Iftikhar Mohammad Chaudhry, Hamid Khan and Ali Ahmad Kurd have dispelled the impression that there might be a deal between the Referring Authority (President) and the CJP outside the court.
Published 15 Jun, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jun, 2007 12:00am
LHC rejects petition against military officers

LHC rejects petition against military officers

The Lahore High Court (LHC) upheld the objection of the office raised on a petition filed against Corps Commanders for discussing the political situation of the country in their meeting.
Published 15 Jun, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jun, 2007 12:00am
Punjab governor cautions against violent politics

Punjab governor cautions against violent politics

Governor Punjab Lieutenant General Khalid Maqbool (Retd) has said that some elements are conspiring to further heat up political issues and indulging in violent politics with ulterior motives to deprive people of the economic benefits.
Published 15 Jun, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
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