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Archive - 2007-06-19
New Zealand shares jump

New Zealand shares jump

New Zealand share prices jumped 2.11 percent on Monday, sparked by news of a possible take-over bid for blue chip Auckland International Airport, dealers said. Auckland Airport closed up 38 cents at 3.20 dollars after the company said a Canadian pension f
Published 19 Jun, 2007 12:00am
China shares rise on no policy tightening

China shares rise on no policy tightening

China's main stock index closed 2.92 percent higher on Monday after the government refrained from taking steps at the weekend to cool the economy. The Shanghai Composite Index jumped 1.52 percent at the opening and continued climbing to finish at 4,253.34
Published 19 Jun, 2007 12:00am
Thai share prices finish 2.95 percent higher

Thai share prices finish 2.95 percent higher

Thai share prices closed 2.95 percent higher on Monday, with investors relieved that anti-junta protests over the weekend remained peaceful, dealers said. They said the Thai bourse also received a boost from robust regional gains as several markets hit al
Published 19 Jun, 2007 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices ended 0.80 percent higher on Monday as gains in blue chips and a rebound in plantation stocks pushed the key index close to the record high, dealers said. The Kuala Lumpur Composite Index was up 11.63 points at 1,372.28, only 0.1 pe
Published 19 Jun, 2007 12:00am
JGB futures climb on Fukui

JGB futures climb on Fukui

Japanese government bond futures jumped on Monday, moving away from a seven-year low after Bank of Japan Governor Toshihiko Fukui last week suggested the central bank is in no hurry to raise interest rates.
Published 19 Jun, 2007 12:00am
JGB futures climb on Fukui

JGB futures climb on Fukui

Japanese government bond futures jumped on Monday, moving away from a seven-year low after Bank of Japan Governor Toshihiko Fukui last week suggested the central bank is in no hurry to raise interest rates.
Published 19 Jun, 2007 12:00am
Indian shares fall

Indian shares fall

Indian share prices fell 0.58 percent on Monday in cautious and choppy trade following a government note on tax from share sales for overseas funds and local institutions, dealers said. They said this raised concerns of higher tax liabilities while funds
Published 19 Jun, 2007 12:00am
Hong Kong stocks at new high

Hong Kong stocks at new high

Hong Kong blue chips and Hong Kong-listed China plays struck record closing highs on Monday, tracking robust regional markets, and lifted by a soaring China Mobile which set an all-time peak.
Published 19 Jun, 2007 12:00am
Singapore shares power to new closing high

Singapore shares power to new closing high

Singapore share prices finished up 1.19 percent on Monday at a new all-time high for the second straight session amid easing concerns of a hike in US interest rates, dealers said. The Straits Times Index (STI) gained 42.63 points to 3,623.79, erasing the
Published 19 Jun, 2007 12:00am
Australian shares make slight gains

Australian shares make slight gains

Australian share prices closed 0.79 percent higher on Monday following further gains on Wall Street, with major resource stocks leading the way, dealers said. They said core US consumer inflation data Friday helped reassure investors somewhat on the outlo
Published 19 Jun, 2007 12:00am
South Korean bonds turn flat

South Korean bonds turn flat

South Korean government bond prices shaved off earlier gains to end steady on Monday as Seoul shares hit another record, although losses were limited as bond prices still looked attractive to some investors.
Published 19 Jun, 2007 12:00am
South Korean bonds turn flat

South Korean bonds turn flat

South Korean government bond prices shaved off earlier gains to end steady on Monday as Seoul shares hit another record, although losses were limited as bond prices still looked attractive to some investors.
Published 19 Jun, 2007 12:00am
Japan eyes energy in free trade deal with Brunei

Japan eyes energy in free trade deal with Brunei

Japan and Brunei signed a free trade deal on Monday, in resource-poor Japan's latest move to secure stable supplies of oil and gas. Prime Minister Shinzo Abe and Sultan Hassanal Bolkiah of Brunei signed the agreement in a ceremony at Abe's official reside
Published 19 Jun, 2007 12:00am
Google's breakneck changes stoke privacy fears

Google's breakneck changes stoke privacy fears

Most people missed the announcement about how Google Inc wants to burrow inside your brain and capture your most intimate thoughts. That's because it never happened. But Google, the world leader in Web search services, is the focus of mounting paranoia ov
Published 19 Jun, 2007 12:00am
UK public sector to buy spot power to cut costs

UK public sector to buy spot power to cut costs

Britain's public sector is to start buying electricity on a day-to-day basis on the spot market, under a new deal with EDF Energy, as government tries to cut energy costs by taking risks.
Published 19 Jun, 2007 12:00am
Sweden Debt Office sees record state budget surplus

Sweden Debt Office sees record state budget surplus

Sweden's Debt Office forecast on Monday a record central government budget surplus in 2007 due to a surging economy and higher tax income, and also raised its outlook for 2008. The Debt Office forecast a surplus of 138 billion Swedish crowns ($19.60 billi
Published 19 Jun, 2007 12:00am
Wall Street profit undertow drugs and anxiety

Wall Street profit undertow drugs and anxiety

Wall Street's push for record profits is ruining careers, tearing apart families and keeping drug dealers busy, mental health experts say. While record bonuses make some Wall Street bankers feel invincible, others become emotional wrecks from pressure to
Published 19 Jun, 2007 12:00am
Wall Street profit undertow drugs and anxiety

Wall Street profit undertow drugs and anxiety

Wall Street's push for record profits is ruining careers, tearing apart families and keeping drug dealers busy, mental health experts say. While record bonuses make some Wall Street bankers feel invincible, others become emotional wrecks from pressure to
Published 19 Jun, 2007 12:00am
Glaxo aims to launch five cancer drugs by 2010

Glaxo aims to launch five cancer drugs by 2010

GlaxoSmithKline Plc plans to launch five new cancer drugs by 2010, tapping into a $40 billion-a-year market that is growing by 20 percent annually, its research head said on Monday.
Published 19 Jun, 2007 12:00am
Germany's Glos proposes $94 billion growth package

Germany's Glos proposes $94 billion growth package

Germany's Economy Minister Michael Glos has proposed a package of tax cuts and higher investment worth over 70 billion euros ($93.82 billion) to boost German growth, ministry documents showed.
Published 19 Jun, 2007 12:00am
Nigerian unions to begin general strike on June 19

Nigerian unions to begin general strike on June 19

Nigerian unions will start an indefinite general strike in Africa's top oil producer on Wednesday to protest against rising prices and privatisations, the two umbrella union bodies said on Monday.
Published 19 Jun, 2007 12:00am
Tullow, Anadarko make big Ghana oil find

Tullow, Anadarko make big Ghana oil find

London-based Tullow Oil Plc announced the discovery of up to 600 million barrels of high-quality oil at a block in Ghana owned with Anadarko Petroleum Corp sending Tullow shares up over 10 percent.
Published 19 Jun, 2007 12:00am
Microsoft to buy $12 million stake in China TV maker

Microsoft to buy $12 million stake in China TV maker

Microsoft Corp has agreed to pay 94 million yuan ($12.3 million) for a stake in Sichuan Changhong Electric Co and will form a co-operative alliance with the TV and electrical appliance maker, the Chinese company said on Monday.
Published 19 Jun, 2007 12:00am
Nokia unveils new mid-range models

Nokia unveils new mid-range models

Mobile phone maker Nokia on Monday unveiled three new handphone models designed for the mid-range market, as well as three bluetooth headsets. The Finland-based firm said in a statement the Nokia 6267, Nokia 6121 classic and Nokia 3500 classic will begin
Published 19 Jun, 2007 12:00am
IBM sees software acquisitions key to profit rise

IBM sees software acquisitions key to profit rise

IBM may acquire more software companies this year following two recent purchases as it tries to boost software's share of total IBM profit to 50 percent, according to analysts.
Published 19 Jun, 2007 12:00am
IBM sees software acquisitions key to profit rise

IBM sees software acquisitions key to profit rise

IBM may acquire more software companies this year following two recent purchases as it tries to boost software's share of total IBM profit to 50 percent, according to analysts.
Published 19 Jun, 2007 12:00am
Arabs and Chinese business seek to expand ties

Arabs and Chinese business seek to expand ties

Hundreds of Arab and Chinese businessmen gathered Monday in Jordan for a two-day conference to mull ways of bolstering trade between them, state-run Petra news agency said. The meeting was the first to be hosted by an Arab country since businessmen from C
Published 19 Jun, 2007 12:00am
Japan keeps growth view, BoJ hike seen

Japan keeps growth view, BoJ hike seen

The Japanese government repeated on Monday the nation's economy is recovering despite weak industrial output, while some cabinet ministers were wary about recent rises in long-term interest rates.
Published 19 Jun, 2007 12:00am
LG files patent lawsuit against Hitachi

LG files patent lawsuit against Hitachi

South Korea's LG Electronics said Monday it has filed a patent lawsuit against Japan's Hitachi in a prolonged tit-for-tat legal battle over plasma display panel (PDP) technology.
Published 19 Jun, 2007 12:00am
Airbus unveils $40 billion of orders at Paris show

Airbus unveils $40 billion of orders at Paris show

Airbus unveiled over $40 billion of orders or pledges on Monday, with a third of the business going to its A350 XWB programme, giving it a much-needed lift in its battle against Boeing Co.
Published 19 Jun, 2007 12:00am
Qatar Airways orders three Airbus superjumbos

Qatar Airways orders three Airbus superjumbos

Qatar Airways announced an order for three Airbus A380 superjumbo airliners and confirmed an order for 80 mid-sized A350 aircraft on the first day of the Paris Air Show on Monday. The planes would be worth slightly more than 18 billion dollars (13.4 billi
Published 19 Jun, 2007 12:00am
Trade powers set for last-ditch WTO push

Trade powers set for last-ditch WTO push

Top trade officials from the United States, the European Union, Brazil and India on Tuesday launch an 11th-hour attempt at a breakthrough in world trade talks that have long teetered on the brink of collapse.
Published 19 Jun, 2007 12:00am
Rwanda and Burundi sign East African Community deal

Rwanda and Burundi sign East African Community deal

Rwanda and Burundi officially joined the East African Community (EAC) on Monday, signing accession treaties that will expand the regional economic bloc to five nations and boost trade. Officials said their entry into the EAC, alongside Kenya, Uganda and T
Published 19 Jun, 2007 12:00am
Australia announces vast national broadband plan

Australia announces vast national broadband plan

Australian Prime Minister John Howard on Monday announced a 2.0 billion dollar (1.68 billion US) plan to provide fast and affordable Internet access across the vast country. Howard said Optus, the Australian offshoot of Singapore telco Singtel, had been a
Published 19 Jun, 2007 12:00am
US top court rules IPO suit can't proceed

US top court rules IPO suit can't proceed

The US Supreme Court handed Wall Street underwriters a major victory on Monday by ruling that an antitrust lawsuit against them over the pricing of initial public stock offerings (IPOs) cannot go forward.
Published 19 Jun, 2007 12:00am
General Electric and Pearson in talks to buy Dow Jones

General Electric and Pearson in talks to buy Dow Jones

US manufacturing giant General Electric and Financial Times publisher Pearson PLC are in talks about making a joint bid for Dow Jones, The Wall Street Journal reported Monday Citing unnamed people familiar with the matter, the newspaper said the two compa
Published 19 Jun, 2007 12:00am
IMF tightens exchange rate monitoring

IMF tightens exchange rate monitoring

The International Monetary Fund said Monday it is tightening the monitoring of exchange-rate policies, putting new focus on destabilising risks to the global economy.
Published 19 Jun, 2007 12:00am
Paulson applauds changes

Paulson applauds changes

US Treasury Secretary Henry Paulson on Monday said that changes to the International Monetary Fund's foreign exchange monitoring policies show a renewed commitment to exchange rate surveillance.
Published 19 Jun, 2007 12:00am
Microsoft launches new-look MSN for mobile phones

Microsoft launches new-look MSN for mobile phones

Microsoft Corp launched a redesigned MSN portal optimised for mobile phones on Sunday, stepping up its offering at a time when more powerful devices increase the demand for richer content on handsets.
Published 19 Jun, 2007 12:00am
Blair vows not to bend on justice, tax at EU

Blair vows not to bend on justice, tax at EU

British Prime Minister Tony Blair said on Monday he would not agree to a new European Union treaty that gave Europe a greater say over Britain's judicial system or its tax and benefits arrangements.
Published 19 Jun, 2007 12:00am
ICI rejects $14.2 billion Akzo Nobel bid

ICI rejects $14.2 billion Akzo Nobel bid

Britain's Imperial Chemical Industries Plc has rejected a 7.2 billion-pound ($14.2 billion) bid approach from Dutch chemicals group Akzo Nobel NV, saying it undervalued the company. Shares in ICI, which makes Dulux paints, jumped as much as 17.3 percent t
Published 19 Jun, 2007 12:00am
Malaysian palm oil rises

Malaysian palm oil rises

Malaysian crude palm oil futures closed 2.2 percent higher on Monday, boosted by Indonesia's decision to raise export taxes on palm oil and its products. Dealers said the export tax would have little impact on demand from the world's top buyers China and
Published 19 Jun, 2007 12:00am
Tokyo rubber rallies

Tokyo rubber rallies

Tokyo rubber futures bounced back on Monday after falling more than 1 percent late last week, lifted by strong commodities prices and a weak yen. The key Tokyo Commodity Exchange rubber contract for November 2007 delivery traded at 266.5 yen a kg, up 1.0
Published 19 Jun, 2007 12:00am
Indonesia palm oil exports seen slowing

Indonesia palm oil exports seen slowing

Indonesia's decision to raise the export tax on palm oil by more than fourfold may temporarily slow overseas sales, but it is unlikely to hurt the country's overall export target for the year, industry officials said on Monday.
Published 19 Jun, 2007 12:00am
CBoT rally dampens interest in corn and soya

CBoT rally dampens interest in corn and soya

Soaring US corn and soya prices are likely to cap demand from grain and oilseed importers in Asia, traders said on Monday. "High freight rates and CBOT prices have pushed corn import prices up to a 10-year high, the level of what we saw this year," said a
Published 19 Jun, 2007 12:00am
China cotton imports to jump

China cotton imports to jump

China's cotton imports are expected to climb sharply in the summer months, after a government policy to spur demand for domestic cotton halved imports in the first five months of the year, analysts said on Monday.
Published 19 Jun, 2007 12:00am
Vietnam hopes 2007-08 sugar output up 12 percent

Vietnam hopes 2007-08 sugar output up 12 percent

Small sugar producer, Vietnam expects to increase its output by 12 percent to 1.39 million tonnes in the next cane crushing season, nearly sufficient to meet domestic demand, an industry report showed.
Published 19 Jun, 2007 12:00am
Oil up on thin US gasoline stocks

Oil up on thin US gasoline stocks

Oil prices edged up on Monday to extend last week's rally as dealers worried about supplies from Nigeria and the Middle East at a time of peak summer gasoline demand in the United States. London Brent crude for August delivery, currently seen as more repr
Published 19 Jun, 2007 12:00am
Soyabeans extend rally

Soyabeans extend rally

Soybean and corn futures on the Chicago Board of Trade surged more than 1.5 percent on Monday on continued concerns about dry weather in the US Midwest, traders said. July soyabeans in after-hours electronic trade on the Chicago Board of Trade were up 13
Published 19 Jun, 2007 12:00am
Asian physical rubber

Asian physical rubber

Asian physical rubber prices fell on Monday after Tokyo futures failed to sustain gains and as supplies picked up in producing countries.
Published 19 Jun, 2007 12:00am
Malaysian tin jumps

Malaysian tin jumps

Malaysian tin rose 1.4 percent on Monday, lifted by higher prices on the London Metal Exchange and Japanese demand, one dealer said.
Published 19 Jun, 2007 12:00am
Gold hits one-week high

Gold hits one-week high

Gold rose to its highest in more than a week on Monday on the back of a firm euro and strong crude oil prices, lifting futures contracts in Tokyo. Spot gold hit an intrude high of $656.50 an ounce before edging down to $656.20/656.80 an ounce, still highe
Published 19 Jun, 2007 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper rose almost 2 percent on Monday, shrugging off warnings from China that it will take further steps to cool the economy, and instead focused on threats to supply and limited world stocks. The most-active August copper contract on the Shangh
Published 19 Jun, 2007 12:00am
India to pay heavily for scrapping wheat tender

India to pay heavily for scrapping wheat tender

India's decision to scrap an import tender for 1 million tonnes of wheat will prove costly, given clear signs the country will be forced to buy large volumes from overseas markets just as prices have surged to an 11-year high.
Published 19 Jun, 2007 12:00am
Kasuri hints Musharraf to quit army post

Kasuri hints Musharraf to quit army post

Foreign Minister Khursheed Mehmood Kasuri strongly suggested on Monday that President Pervez Musharraf would give up his post as army chief by year's end as political opponents have demanded and the country's constitution requires.
Published 19 Jun, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 155,359 tonnes cargo including 128,272 tonnes import, 27,087 tonnes export cargo and 3,203 containers (TEUs) during last 48 hours ending at 0700 hours on Monday.
Published 19 Jun, 2007 12:00am
Kasuri hints Musharraf to quit army post

Kasuri hints Musharraf to quit army post

Foreign Minister Khursheed Mehmood Kasuri strongly suggested on Monday that President Pervez Musharraf would give up his post as army chief by year's end as political opponents have demanded and the country's constitution requires.
Published 19 Jun, 2007 12:00am
Ukraine raises seaport grain exports

Ukraine raises seaport grain exports

Ukraine increased its grain exports through Black Sea ports to 205,620 tonnes in June 1 to 12 from 97,620 in the same period in May, analysts said on Monday. Kiev-based ProAgro agriculture consultancy quoted data from ports as showing Ukraine exported 15,
Published 19 Jun, 2007 12:00am
Talks held with Rice

Talks held with Rice

Foreign Minister Khurshid M Kasuri held talks with Secretary of State Condoleeza Rice on Monday afternoon on further enhancing wide-ranging US-Pakistan relations under the strategic partnership. The two officials also discussed regional issues including A
Published 19 Jun, 2007 12:00am
Ivorian cocoa arrivals seen down

Ivorian cocoa arrivals seen down

Cocoa arrivals at ports in Ivory Coast from October 1 to June 17 reached around 1,116,000 tonnes, compared with 1,229,800 tonnes received in the same period a year earlier, exporters said on Monday. Exporters estimated around 16,000 tonnes arrived at port
Published 19 Jun, 2007 12:00am
Talks held with Rice

Talks held with Rice

Foreign Minister Khurshid M Kasuri held talks with Secretary of State Condoleeza Rice on Monday afternoon on further enhancing wide-ranging US-Pakistan relations under the strategic partnership. The two officials also discussed regional issues including A
Published 19 Jun, 2007 12:00am
Indian soyaoil futures fall

Indian soyaoil futures fall

Indian soyaoil futures fell marginally on Monday, ignoring gains in overseas markets, while sugar slipped due to a delay in a government package to help mills hit by falling prices. At 0937 GMT, June soyaoil futures on the National Commodity and Derivativ
Published 19 Jun, 2007 12:00am
Wheat prices go up by Rs 400 per tonne

Wheat prices go up by Rs 400 per tonne

The Sindh government is contemplating imposing a ban on the interprovincial movement of wheat following a sharp increase in its prices by Rs 400 per tonne, sources said on Monday. Despite the bumper crop of 23.5 million tonnes in the country this year, wh
Published 19 Jun, 2007 12:00am
Gulf corn and soyabean values steady

Gulf corn and soyabean values steady

US CIF corn and soyabean barge basis values held steady on Monday but soyabean values were expected to come under pressure amid calls for a rally in the futures market, traders said. Hard and soft red winter wheat values were unchanged with prices at 11-y
Published 19 Jun, 2007 12:00am
Wheat prices go up by Rs 400 per tonne

Wheat prices go up by Rs 400 per tonne

The Sindh government is contemplating imposing a ban on the interprovincial movement of wheat following a sharp increase in its prices by Rs 400 per tonne, sources said on Monday. Despite the bumper crop of 23.5 million tonnes in the country this year, wh
Published 19 Jun, 2007 12:00am
China sees good summer crop

China sees good summer crop

China is likely to see its summer grains harvest rise for the fourth year in a row despite drought, frost and pests, but bad weather could still reduce output for the full year, the Agriculture Ministry said on Monday.
Published 19 Jun, 2007 12:00am
Wheat prices go up by Rs 400 per tonne

Wheat prices go up by Rs 400 per tonne

The Sindh government is contemplating imposing a ban on the interprovincial movement of wheat following a sharp increase in its prices by Rs 400 per tonne, sources said on Monday. Despite the bumper crop of 23.5 million tonnes in the country this year, wh
Published 19 Jun, 2007 12:00am
Russia's thermal coal demand seen tripling by 2020

Russia's thermal coal demand seen tripling by 2020

Demand for thermal coal in Russia, the world's fifth-largest coal miner, could more than triple by 2020 as the country invests billions of dollars to expand its power network, industry officials said on Monday.
Published 19 Jun, 2007 12:00am
Aitzaz insists reference against CJP malafide

Aitzaz insists reference against CJP malafide

Counsel for Chief Justice Iftikhar Mohammad Chaudhry, Aitzaz Ahsan argued before the Full Supreme Court that the President's reference against the CJP is malafide and illegal on several counts. Resuming his arguments on the merit of the CJP petition after
Published 19 Jun, 2007 12:00am
US Midwest soya bids down in West

US Midwest soya bids down in West

Spot basis bids for soyabeans eased at processors and elevators in the western part of the US Midwest on Monday while corn held steady in that area, grain dealers said. But corn bids had a firm tone east of the Mississippi River as dry conditions threaten
Published 19 Jun, 2007 12:00am
Aitzaz insists reference against CJP malafide

Aitzaz insists reference against CJP malafide

Counsel for Chief Justice Iftikhar Mohammad Chaudhry, Aitzaz Ahsan argued before the Full Supreme Court that the President's reference against the CJP is malafide and illegal on several counts. Resuming his arguments on the merit of the CJP petition after
Published 19 Jun, 2007 12:00am
HRW wheat bids steady to weaker

HRW wheat bids steady to weaker

US Plains hard red winter wheat basis bids were mostly steady on Monday with harvest in the top US wheat growing state still slowed by wet weather. The basis dropped 15 cents a bushel at Salina, Kansas, and Hutchinson, Kansas, and talk of high moisture an
Published 19 Jun, 2007 12:00am
Nepalese Prime Minister hails Pakistan's support

Nepalese Prime Minister hails Pakistan's support

The Nepalese Prime Minister Girija Prasad Koirala said here on Monday that his government appreciated the support extended by Pakistan to the eight-party coalition government and its government and declared that Nepal sought the closest ties with Pakistan
Published 19 Jun, 2007 12:00am
Singapore bunker fuel prices down

Singapore bunker fuel prices down

Singapore bunker prices fell on Monday, but its differential to fuel oil cargo stayed positive for a third day as prompt supplies tightened. Prices for 380-centistoke (cst) bunker fuel were pegged at $357-$359 a tonne, down $2 from the previous session, w
Published 19 Jun, 2007 12:00am
IRL equipment arrives at Port Qasim

IRL equipment arrives at Port Qasim

The Indus Refinery Limited (IRL) on Monday announced the arrival of the second and the third shipments of Refinery equipment at Port Qasim in the third week of May and second week of June this year.
Published 19 Jun, 2007 12:00am
Rice varieties make good gains on grain market

Rice varieties make good gains on grain market

Rising trend was again witnessed on the grain market on Monday as main suppliers were trying to hoard the commodities to gain more profits during the month of Ramazan, dealers said. On the rice sector, Irri-6 Sindh low type picked up Rs 30 to Rs 1620 and
Published 19 Jun, 2007 12:00am
Proposal for CFS Mk-II funding through brokers

Proposal for CFS Mk-II funding through brokers

The funding of financial institutions under CFS Mk-II at Karachi Stock Exchange (KSE) should be through brokers, instead of direct funding. This proposal was floated by KSE members in a CFS Mk-II Committee meeting held here on Monday. Shaukat Tareen, Chai
Published 19 Jun, 2007 12:00am
Kirana items mixed on Jodia Bazaar

Kirana items mixed on Jodia Bazaar

The trading on Kirana items moved both ways on Jodia Bazaar here on Monday. The following variations were noted.
Published 19 Jun, 2007 12:00am
Enshaa expands investor group

Enshaa expands investor group

Enshaa PSC ("Enshaa"), a real estate development company based in the United Arab Emirates, has expanded its investor group following a successful private placement. Major shareholders include Emirates Investments Group, Majid Al Futtaim Group, and Abraaj
Published 19 Jun, 2007 12:00am
Upcountry rains dampen cotton market

Upcountry rains dampen cotton market

Both the buyers and sellers kept on the sidelines on the cotton market on Monday partly due to the news reaching here from upcountry about fresh rains there, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2600, t
Published 19 Jun, 2007 12:00am
PPIB hires costly consultants

PPIB hires costly consultants

The Private Power Infrastructure Board (PPIB) has hired the services of Ferguson Associates as consultants on a hefty package to review and develop its human resource functions. This was announced by PPIB Managing Director Khalid Irfan Rahman at a meeting
Published 19 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 Monday in process of trading, dealers said. The July vaida was unchanged at Rs 650.00 and market settled at the same rate without showing any chang
Published 19 Jun, 2007 12:00am
KESC to get gas to generate additional 105 megawatts power

KESC to get gas to generate additional 105 megawatts power

The federal government would provide 21-mmcfd gas to Karachi Electric Supply Company (KESC) for generating 105 MW of additional power. Addressing a press conference here at the Governor House on Monday, Sindh governor Dr Ishratul Ibad said that load-shedd
Published 19 Jun, 2007 12:00am
Ukraine cuts grain forecast to 30 million tonnes

Ukraine cuts grain forecast to 30 million tonnes

Ukraine's government, citing severe drought, has cut its 2007 grain harvest forecast to a maximum of 30 million tonnes against a previous figure of 38 million tonnes, a deputy prime minister said on Monday.
Published 19 Jun, 2007 12:00am
KESC to get gas to generate additional 105 megawatts power

KESC to get gas to generate additional 105 megawatts power

The federal government would provide 21-mmcfd gas to Karachi Electric Supply Company (KESC) for generating 105 MW of additional power. Addressing a press conference here at the Governor House on Monday, Sindh governor Dr Ishratul Ibad said that load-shedd
Published 19 Jun, 2007 12:00am
KESC to get gas to generate additional 105 megawatts power

KESC to get gas to generate additional 105 megawatts power

The federal government would provide 21-mmcfd gas to Karachi Electric Supply Company (KESC) for generating 105 MW of additional power. Addressing a press conference here at the Governor House on Monday, Sindh governor Dr Ishratul Ibad said that load-shedd
Published 19 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 19 Jun, 2007 12:00am
Payment terms for DCCL: ECC violates own criteria

Payment terms for DCCL: ECC violates own criteria

The Economic Coordination Committee (ECC) of the Cabinet has violated its own approved criteria just to relax payment conditions for one party--Dandot Cement Company Limited (DCCL)-which had already defaulted on the payment to the Privatisation Commission
Published 19 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 19 Jun, 2007 12:00am
Payment terms for DCCL: ECC violates own criteria

Payment terms for DCCL: ECC violates own criteria

The Economic Coordination Committee (ECC) of the Cabinet has violated its own approved criteria just to relax payment conditions for one party--Dandot Cement Company Limited (DCCL)-which had already defaulted on the payment to the Privatisation Commission
Published 19 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 Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Payment terms for DCCL: ECC violates own criteria

Payment terms for DCCL: ECC violates own criteria

The Economic Coordination Committee (ECC) of the Cabinet has violated its own approved criteria just to relax payment conditions for one party--Dandot Cement Company Limited (DCCL)-which had already defaulted on the payment to the Privatisation Commission
Published 19 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 Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Top Japanese official due today

Top Japanese official due today

Director General International Co-operation Bureau, Ministry of Foreign Affairs, Japan, Koro Bessho, will arrive here on Tuesday on a two-day official visit, a Japanese embassy statement said here on Monday. Koro Bessho is the top official of the Governme
Published 19 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 Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Pakistan and Algerian senate chiefs affirm peace efforts

Pakistan and Algerian senate chiefs affirm peace efforts

Chairman Senate, Mohammedmian Soomro and President, Council of the National Senate of Algeria Abdelkader Bensalah, have affirmed that their respective countries are committed to regional and international peace, and both countries were moving closer in a
Published 19 Jun, 2007 12:00am
Kuwait's outgoing envoy meets President

Kuwait's outgoing envoy meets President

The outgoing Ambassador of Kuwait, Faisal Abdulaziz Abdullah Al-Mulaifi, paid a courtesy call on President General Pervez Musharraf here on Monday. The president appreciated the services of the envoy for strengthening the fraternal ties between Pakistan a
Published 19 Jun, 2007 12:00am
Foreign office condemns knighthood to Rushdie

Foreign office condemns knighthood to Rushdie

"British government's decision to award knighthood to Salman Rushdie is insensitive to the sentiments of the Muslim around the world and Pakistan deplores it", Foreign Office spokesperson Tasnim Aslam said here on Monday.
Published 19 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 Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 18, 2007).
Published 19 Jun, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Bulls gain control of stock market

Bulls gain control of stock market

The Karachi share market on Monday witnessed a bullish session with KSE-100 crossing 13,500 points level on the back of fresh buying mainly in banking and oil sectors by both local and foreign investors, and closing at its new high level of 13,567.40 poin
Published 19 Jun, 2007 12:00am
Bulls gain control of stock market

Bulls gain control of stock market

The Karachi share market on Monday witnessed a bullish session with KSE-100 crossing 13,500 points level on the back of fresh buying mainly in banking and oil sectors by both local and foreign investors, and closing at its new high level of 13,567.40 poin
Published 19 Jun, 2007 12:00am
Bulls gain control of stock market

Bulls gain control of stock market

The Karachi share market on Monday witnessed a bullish session with KSE-100 crossing 13,500 points level on the back of fresh buying mainly in banking and oil sectors by both local and foreign investors, and closing at its new high level of 13,567.40 poin
Published 19 Jun, 2007 12:00am
BRIndex30 up 186.62 points

BRIndex30 up 186.62 points

On Monday, the BRIndex30 opened at 15,065.66, in the positive zone, and remained there for whole of the trading time, and closed at 15,178.28 points with a positive change of 186.62 points and percentage change of 1.24.
Published 19 Jun, 2007 12:00am
BRIndex30 up 186.62 points

BRIndex30 up 186.62 points

On Monday, the BRIndex30 opened at 15,065.66, in the positive zone, and remained there for whole of the trading time, and closed at 15,178.28 points with a positive change of 186.62 points and percentage change of 1.24.
Published 19 Jun, 2007 12:00am
Portfolio investment down $1.202 million

Portfolio investment down $1.202 million

Portfolio investment in the country's equity market declined by $1.202 million to $859.811 million on June 15, 2007 from $861.013 million recorded on June 13, 2007 due to outflow by USA and Singapore investors.
Published 19 Jun, 2007 12:00am
Portfolio investment down $1.202 million

Portfolio investment down $1.202 million

Portfolio investment in the country's equity market declined by $1.202 million to $859.811 million on June 15, 2007 from $861.013 million recorded on June 13, 2007 due to outflow by USA and Singapore investors.
Published 19 Jun, 2007 12:00am
Portfolio investment down $1.202 million

Portfolio investment down $1.202 million

Portfolio investment in the country''s equity market declined by $1.202 million to $859.811 million on June 15, 2007 from $861.013 million recorded on June 13, 2007 due to outflow by USA and Singapore investors.
Published 19 Jun, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
LSE index gains 38.93 points

LSE index gains 38.93 points

Equities soared on the Lahore Stock Exchange (LSE) on Monday, however, bulk of activity was witnessed in comparatively low profile shares which performed handsomely and bagged fresh gains. The LSE-25 index was up by 38.93 points to reach 4,814.66 from 4,7
Published 19 Jun, 2007 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (June 18, 2007).
Published 19 Jun, 2007 12:00am
LSE index gains 38.93 points

LSE index gains 38.93 points

Equities soared on the Lahore Stock Exchange (LSE) on Monday, however, bulk of activity was witnessed in comparatively low profile shares which performed handsomely and bagged fresh gains. The LSE-25 index was up by 38.93 points to reach 4,814.66 from 4,7
Published 19 Jun, 2007 12:00am
Bulls stage comeback on ISE

Bulls stage comeback on ISE

Bears handed over the floor to the bulls at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourites moved the entire ready-board in upward direction amid increase in index. ISE-10 Index showed an increase of 9.07 points as the index
Published 19 Jun, 2007 12:00am
Bulls stage comeback on ISE

Bulls stage comeback on ISE

Bears handed over the floor to the bulls at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourites moved the entire ready-board in upward direction amid increase in index. ISE-10 Index showed an increase of 9.07 points as the index
Published 19 Jun, 2007 12:00am
Hyundai Motor urges union to drop strike plan

Hyundai Motor urges union to drop strike plan

The president of Hyundai Motor urged its union on Monday to drop a planned strike in protest at South Korea's free trade pact with the United States, saying "customers won't forgive" such a stoppage.
Published 19 Jun, 2007 12:00am
Cephalon wins sleep drug approval

Cephalon wins sleep drug approval

After multiple stops and starts, biotechnology company Cephalon Inc has won US approval for its drug to treat excessive sleepiness in patients with conditions such as obstructive sleep apnea. The Frazer, Pennsylvania-based company said on Monday that the
Published 19 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Army pilots get gallantry awards in Slovenia

Army pilots get gallantry awards in Slovenia

Two pilots of Pakistan Army, Lieutenant Colonel Rashid Ullah Baig and Lieutenant Colonel Khalid Amir Rana were awarded gallantry award "Golden Order for Peace" by the Republic of Slovenia at a ceremony held at President House in Lubijanam, Slovenia Monday
Published 19 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
S&P raises ratings for Japan's major banks

S&P raises ratings for Japan's major banks

Standard and Poor's on Monday raised its long-term ratings for Japan's three major banks by a notch, saying the companies were improving as the economy expands.
Published 19 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
EU assembly set to back 2011 postal liberalisation

EU assembly set to back 2011 postal liberalisation

A European Parliament committee is expected to vote later on Monday to allow full competition in postal services across the European Union from 2011, two years later than originally planned.
Published 19 Jun, 2007 12:00am
Russia's Potanin moves into uranium boom

Russia's Potanin moves into uranium boom

Russian billionaire Vladimir Potanin, who shares joint control of metals giant Norilsk Nickel, signed a deal on Monday to help Russia mine uranium deposits at home and abroad, the atomic energy agency said.
Published 19 Jun, 2007 12:00am
Sugar industry crisis deepens: PSMA

Sugar industry crisis deepens: PSMA

Pakistan Sugar Mills Association (PSMA) has drawn the attention of the government towards the fact that the crisis is deepening in the sugar industry with every passing day and is pushing the industry towards a total collapse.
Published 19 Jun, 2007 12:00am
Engro Energy's Qadirpur power plant runs into snag

Engro Energy's Qadirpur power plant runs into snag

Engro Energy's Qadirpur power project has run into snag as its two key players-Sui Northern Gas Pipeline Limited (SNGPL) and Oil and Gas Development Company (OGDC)-have declined to accept LDs (penalties), saying these were unwarranted and needed to be loo
Published 19 Jun, 2007 12:00am
Engro Energy's Qadirpur power plant runs into snag

Engro Energy's Qadirpur power plant runs into snag

Engro Energy's Qadirpur power project has run into snag as its two key players-Sui Northern Gas Pipeline Limited (SNGPL) and Oil and Gas Development Company (OGDC)-have declined to accept LDs (penalties), saying these were unwarranted and needed to be loo
Published 19 Jun, 2007 12:00am
Engro Energy''s Qadirpur power plant runs into snag

Engro Energy''s Qadirpur power plant runs into snag

Engro Energy''s Qadirpur power project has run into snag as its two key players-Sui Northern Gas Pipeline Limited (SNGPL) and Oil and Gas Development Company (OGDC)-have declined to accept LDs (penalties), saying these were unwarranted and needed to be lo
Published 19 Jun, 2007 12:00am
Man commits suicide over power cuts

Man commits suicide over power cuts

A man committed suicide by shooting himself in the head with a Kalashnikov to protest against continual power cuts, his family said on Monday. Laiq Sher, 18, killed himself on Saturday after his relatives stopped him from blocking a road to show his anger
Published 19 Jun, 2007 12:00am
Man commits suicide over power cuts

Man commits suicide over power cuts

A man committed suicide by shooting himself in the head with a Kalashnikov to protest against continual power cuts, his family said on Monday. Laiq Sher, 18, killed himself on Saturday after his relatives stopped him from blocking a road to show his anger
Published 19 Jun, 2007 12:00am
Prime Minister terms budget relief, growth-oriented

Prime Minister terms budget relief, growth-oriented

Prime Minister Shaukat Aziz says the budget for the fiscal year 2007-08 is relief and growth-oriented, which is focused towards creation of jobs and reduction in the prices of essential commodities.
Published 19 Jun, 2007 12:00am
Fire destroys engineering company's office

Fire destroys engineering company's office

An engineering and construction company was completely burnt while two other firms also damaged after fire erupted in a commercial plaza on Shara-e-Qaedeen here on Monday.
Published 19 Jun, 2007 12:00am
Punjab University high-ups pay surprise visit to exam centres

Punjab University high-ups pay surprise visit to exam centres

Acting vice-chancellor Punjab University Professor Dr Muhammad Arif Butt along with controller examination Professor Dr Taqi Zahid Butt and Deputy Controller Tariq Jaleel paid surprise visit at Punjab University Examination Centres here on Monday.
Published 19 Jun, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Jun, 2007 12:00am
Pacra assigns AA, A1+ ratings to ABL

Pacra assigns AA, A1+ ratings to ABL

Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of AA (Double A) and a short-term rating of A1+ (A one plus) to Allied Bank Limited (ABL). These rating denote a very low expectation of credit risk emanating from a very strong capacit
Published 19 Jun, 2007 12:00am
Pacra assigns AA, A1+ ratings to ABL

Pacra assigns AA, A1+ ratings to ABL

Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of AA (Double A) and a short-term rating of A1+ (A one plus) to Allied Bank Limited (ABL). These rating denote a very low expectation of credit risk emanating from a very strong capacit
Published 19 Jun, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Shahid Jameel's bail extended till June 22

Shahid Jameel's bail extended till June 22

The court of Additional Sessions Judge Islamabad Mirza Nisar Baig on Monday extended till June 22 the interim pre-arrest bail of expelled Minister of State for Communications Shahid Jamil Qureshi, allegedly involved in the murder of Pakistan origin Canadi
Published 19 Jun, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Jun, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Prime Minister Shaukat Aziz reassured his colleagues and allies as well as parliamentary opposition for completion of constitutionally-mandated term of the House while he chose to have the last word on the last day of the general budget debate Monday nigh
Published 19 Jun, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Jun, 2007 12:00am
Power co-generation plan by sugar mills may be adopted

Power co-generation plan by sugar mills may be adopted

The prevalent power crisis has forced the government to resort to revival of its abandoned plan of power co-generation by sugar mills, as the sugar industry has expressed its readiness to provide around 1000 mw in 2008-09.
Published 19 Jun, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Jun, 2007 12:00am
Cotton import from India via land notified

Cotton import from India via land notified

Pakistan has allowed the import of long staple cotton through land route from India, said a commerce ministry notification on Monday. The notification did not specify any quantity of cotton to be imported by the private sector through land route.
Published 19 Jun, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Various social sector projects initiated

Various social sector projects initiated

The Ministry of Social Welfare has started Child Domestic Labour Project (basic Enabling Education Programme non-formal centers) with the total cost of Rs 34.639 million earmarking Rs 10 million as budgetary allocation for the fiscal year 2007-08.
Published 19 Jun, 2007 12:00am
Bidding for HPFL put off

Bidding for HPFL put off

The Privatisation Commission postponed bidding for sale of Hazara Phosphate & Fertilisers Limited located at Haripur in NWFP - 75 km from Islamabad on bidder request as one of the interested parties could not ensure participation on Monday due to some unf
Published 19 Jun, 2007 12:00am
Senior proof-reader Saleem Asghar dies

Senior proof-reader Saleem Asghar dies

Senior Proof-Reader of Daily Business Recorder Syed Saleem Asghar died of brain haemorrhage on Monday morning. He served the newspaper for over 15 years. He was 48. He leaves behind his wife, two daughters and a son. He was buried in the Model Colo
Published 19 Jun, 2007 12:00am
Dr Riaz Ahmad passes away

Dr Riaz Ahmad passes away

A dedicated scholar and former vice-chancellor of Preston University, Dr Syed Riaz Ahmad, died at the Shifa Hospital. He was the former member, Directing Staff at the Pakistan Administrative Staff, Lahore, for many years, and also served in the Pakistan B
Published 19 Jun, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Zia-ul-Hasan assumes charge of Sindh IG

Zia-ul-Hasan assumes charge of Sindh IG

Zia-ul-Hasan Khan assumed the office of inspector general (IG) Sindh Police here at Central Police Office on Monday. Presiding over a meeting of senior police officers the newly appointed IG Sindh Police vowed that his department with great team-spirit wo
Published 19 Jun, 2007 12:00am
TFCs grow by Rs 11.6 billion

TFCs grow by Rs 11.6 billion

The Corporate Debt Market, known as Term Finance Certificates (TFCs) in Pakistan, grew by Rs 11.6 billion in FY07. The corporate debt market saw 10 new listed issues during the outgoing fiscal year and total size of these new listed bonds were Rs 11.65 bi
Published 19 Jun, 2007 12:00am
TFCs grow by Rs 11.6 billion

TFCs grow by Rs 11.6 billion

The Corporate Debt Market, known as Term Finance Certificates (TFCs) in Pakistan, grew by Rs 11.6 billion in FY07. The corporate debt market saw 10 new listed issues during the outgoing fiscal year and total size of these new listed bonds were Rs 11.65 bi
Published 19 Jun, 2007 12:00am
Qatar Airways unveils details of summer expansion plan

Qatar Airways unveils details of summer expansion plan

Qatar Airways on Monday unveiled further details of its summer expansion programme, which sees the airline's award-winning Five Star service spread to the United States for the first time.
Published 19 Jun, 2007 12:00am
Bicycle prices shoot up due to rise in steel rates

Bicycle prices shoot up due to rise in steel rates

Imported and local bicycles' sale amid peak buying season could not reach 100 percent mark and remained at least by 50 down due to its high prices in the wake of soaring steel and raw material prices across the world.
Published 19 Jun, 2007 12:00am
HDA told to chart foolproof strategy for monsoon

HDA told to chart foolproof strategy for monsoon

The DCO Hyderabad Aftab Ahmed Khatri has directed the management of Hyderabad Development Authority (HDA) to adopt foolproof strategy with all precautionary measures by June 30, 2007 so that any eventuality of heavy rainfall during forthcoming monsoon cou
Published 19 Jun, 2007 12:00am
Promoting SME clusters key to compete with Chinese products

Promoting SME clusters key to compete with Chinese products

Promotion of export-oriented SME clusters is the only way for Pakistani SMEs to compete with Chinese products, which have strong advantages in both cost and volume. This has been proposed in the final report (November 2006) on "Toward a vision 2030:direct
Published 19 Jun, 2007 12:00am
'Major chunk of ADP for completion of on-going schemes'

'Major chunk of ADP for completion of on-going schemes'

Sindh Minister for Planning and Development, Shoaib Bukhari has said that Annual Development Programme (ADP) was the most important segment of the budget and the present government had taken the ADP allocation from Rs 7 billion in 2002-03 to Rs 40 billion
Published 19 Jun, 2007 12:00am
Business community wants duty on gas generators cut

Business community wants duty on gas generators cut

Business community has criticised powers given to tax collecting authorities in federal budget 2007-08 and demanded that these powers should be withdrawn. This demand was made during a joint meeting of five sub committees of Karachi Chamber of Commerce an
Published 19 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Steel stakeholders meeting today

Steel stakeholders meeting today

Ministry of Industries has called a high-level meeting of steel stakeholders on Tuesday at Islamabad on rising price. Jehangir Tareen minister for industries will chair the meeting.
Published 19 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Sales tax on ship-breaking industry criticised

Sales tax on ship-breaking industry criticised

Pakistan Ship Breakers Association chairman Azam Malik has asked Balochistan governor and chief minister for immediate intervention to save ship breaking industry from collapse or thousands of people would become jobless.
Published 19 Jun, 2007 12:00am
FPCCI demands withdrawal of one percent surcharge on imports

FPCCI demands withdrawal of one percent surcharge on imports

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded of the Central Board of Revenue (CBR) to abolish one percent special surcharge imposed at import stage, which would increase the cost of production.
Published 19 Jun, 2007 12:00am
Supreme Court asks police to recover Bheel's family in two weeks

Supreme Court asks police to recover Bheel's family in two weeks

A two-member bench of the Supreme Court here on Monday directed the Sindh Police to recover the family of Munno Bheel within two weeks. The court will hear the case again after a fortnight. The bench comprising Justice Javed Iqbal and Justice Falak Sher e
Published 19 Jun, 2007 12:00am
Punjab budget termed pack of lies

Punjab budget termed pack of lies

Opposition leader in Punjab Assembly Qasim Zia here on Monday rejected the new Punjab budget for financial year 2007-08 and termed it pack of lies and game of statistics to deceive the people.
Published 19 Jun, 2007 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 9th June 2007.

Published 19 Jun, 2007 12:00am
Lawyers observe token strike

Lawyers observe token strike

The lawyers observed token strike here in the metropolis in protest against the suspension of Chief Justice of Pakistan and did not appear before the courts for one hour. The Lahore High Court Bar Association (LHCBA), Lahore Bar and Adliya Bachao Committe
Published 19 Jun, 2007 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 9th June 2007.

Published 19 Jun, 2007 12:00am
Multan bar flays attack on CJP's relative house

Multan bar flays attack on CJP's relative house

Multan High Court Bar vehemently condemned the incident of attack of some unidentified gunmen who barged into the residence of Justice Iftikhar Muhammad Chaudhry's nephew Rana Amir on Saturday night apparently looking to target him.
Published 19 Jun, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Pakistan's sports' goods enjoy unique position in world trade

Pakistan's sports' goods enjoy unique position in world trade

Pakistan enjoys a unique position in the global trade with reference to sports goods and its main forte is hand-stitched inflatable balls and such masterpieces were being produced and exported for around 100 years now.
Published 19 Jun, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
'41 filtration plants installed in Rawal Town UCs'

'41 filtration plants installed in Rawal Town UCs'

Rawal Town Nazim Sheikh Rashid Shafique has said that 41 filtration plants have been installed in different union councils of the Town with the cost of Rs 50 million and handed them over to the Water and Sanitation Agency (Wasa) for operation.
Published 19 Jun, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Hesco employee wins Naat contest

Hesco employee wins Naat contest

The annual naat competition for Wapda employees held here on Monday at Wapda House under the aegis of Wapda Sports Board (WSB). Chairman Wapda Tariq Hameed was the chief guest on the occasion.
Published 19 Jun, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
FCPS convocation today

FCPS convocation today

The '41st convocation for Fellowship of College of Physicians and Surgeons (FCPS), Pakistan, will he held on Tuesday (June 19). Higher Education Commission (HEC) Chairman Professor Dr Atta-ur-Rehman will be the chief guest at the convocation.
Published 19 Jun, 2007 12:00am
Plan to make 24 model villages

Plan to make 24 model villages

The government has completed a survey to make 24 villages across the country as 'Model villages' and by December 2008 the project would be completed, official sources said here on Monday.
Published 19 Jun, 2007 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
Shujaat takes up PML issues with President and Prime Minister

Shujaat takes up PML issues with President and Prime Minister

Pakistan Muslim League (Q) President Chaudhry Shujaat Hussain has called on President Pervez Musharraf and Prime Minister Shaukat Aziz. During his meeting with President Musharraf at Camp Office on Monday, Chaudhry Shujaat discussed current country's situ
Published 19 Jun, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (June 18, 2007).

Published 19 Jun, 2007 12:00am
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