News Archives for Latest - 2007-06-24

Four soldiers killed

Four paramilitary soldiers were killed Saturday in a restive tribal area bordering Afghanistan when their vehicle hit an explosive device, officials said.

Published 24 Jun, 2007 12:00am

Four soldiers killed

Four paramilitary soldiers were killed Saturday in a restive tribal area bordering Afghanistan when their vehicle hit an explosive device, officials said.

Published 24 Jun, 2007 12:00am

CCoP endorses $650.3 million UBL GDRs: PSO sell-off date shortly, says Zahid

The government has raised $650.3 million from the sale of United Bank Limited (UBL) global depository receipts (GDRs). The Cabinet Committee on Privatisation )CCoP) endorsed the outcome of UBL GDRs.

Published 24 Jun, 2007 12:00am

CCoP endorses $650.3 million UBL GDRs: PSO sell-off date shortly, says Zahid

The government has raised $650.3 million from the sale of United Bank Limited (UBL) global depository receipts (GDRs). The Cabinet Committee on Privatisation )CCoP) endorsed the outcome of UBL GDRs.

Published 24 Jun, 2007 12:00am

CCoP endorses $650.3 million UBL GDRs: PSO sell-off date shortly, says Zahid

The government has raised $650.3 million from the sale of United Bank Limited (UBL) global depository receipts (GDRs). The Cabinet Committee on Privatisation )CCoP) endorsed the outcome of UBL GDRs.

Published 24 Jun, 2007 12:00am

Space shuttle ends mission with California landing

US space shuttle Atlantis landed at Edwards Air Force Base in California on Friday after a fiery descent through the Earth's atmosphere that capped a two-week mission to the International Space Station.

Published 24 Jun, 2007 12:00am

China drought causes water shortages for millions

Drought affecting large swathes of China has left more than 8 million people short of water, and many livestock have died of hunger, the official Xinhua news agency said.

Published 24 Jun, 2007 12:00am

China issues death sentences in fake money scam

A court in eastern Wenzhou city has handed death sentences with a two-year reprieve to two people for printing counterfeit bank notes with a face value of over 67 million yuan ($8.8 million), Xinhua news agency said on Saturday.

Published 24 Jun, 2007 12:00am

Hong Kong announces new governing team for next five years

Hong Kong's leader unveiled a new, reshuffled cabinet on Saturday, a team that will face tough challenges in the next five years from pollution to making good on the chief executive's promises on democracy.

Published 24 Jun, 2007 12:00am

Bush risks losing trade powers after talks collapse

US President George W. Bush risks losing his special trade negotiating powers after talks between four key players in the World Trade Organisation collapsed this week, analysts said.

Published 24 Jun, 2007 12:00am

G4 setback requires new route to WTO deal

Trade negotiators were forced to look for a new path on Friday to reach an elusive world trade deal after a meeting between four major trading partners ended in failure.

Published 24 Jun, 2007 12:00am

Bangladesh tenders to import 100,000 tonnes of rice

Bangladesh has issued a tender to import 100,000 tonnes of non-basmati parboiled rice by November to meet possible emergency post-monsoon demand, food officials said on Saturday. The tender will close on August 13, with validity up to September 2. The shi

Published 24 Jun, 2007 12:00am

US rockers The Killers star amid Glastonbury mud

Las Vegas rock sensation The Killers star on Saturday at the world's biggest green field art and music festival which is seeing a record attendance, while nonstop rain ensured the traditional mud bath.

Published 24 Jun, 2007 12:00am

WorldCall asked to make payment of Rs 70 million licence fee

The Pakistan Telecommunication Authority has directed WorldCall Telecom Limited to pay Rs 70 million in lieu of licence fee by June 30, otherwise its frequency spectrum would be withdrawn.

Published 24 Jun, 2007 12:00am

WorldCall asked to make payment of Rs 70 million licence fee

The Pakistan Telecommunication Authority has directed WorldCall Telecom Limited to pay Rs 70 million in lieu of licence fee by June 30, otherwise its frequency spectrum would be withdrawn.

Published 24 Jun, 2007 12:00am

WorldCall asked to make payment of Rs 70 million licence fee

The Pakistan Telecommunication Authority has directed WorldCall Telecom Limited to pay Rs 70 million in lieu of licence fee by June 30, otherwise its frequency spectrum would be withdrawn.

Published 24 Jun, 2007 12:00am

Ban on gram export to continue

The government has taken a serious notice of gram hoarding and decided not to lift ban on its export, Business Recorder learnt on Saturday. The government is taking the notice of gram hoarding activities quite seriously and would take strict action

Published 24 Jun, 2007 12:00am

Ban on gram export to continue

The government has taken a serious notice of gram hoarding and decided not to lift ban on its export, Business Recorder learnt on Saturday. The government is taking the notice of gram hoarding activities quite seriously and would take strict action

Published 24 Jun, 2007 12:00am

Ban on gram export to continue

The government has taken a serious notice of gram hoarding and decided not to lift ban on its export, Business Recorder learnt on Saturday. The government is taking the notice of gram hoarding activities quite seriously and would take strict action

Published 24 Jun, 2007 12:00am

Dealers increase 'premium' on locally assembled cars

The authorised car dealers of all local assemblers have raised the 'premium' amount on all locally assembled cars ranging from Rs 10,000 to Rs 75,000 per unit following reduction in the capping for imported cars.

Published 24 Jun, 2007 12:00am

Dealers increase 'premium' on locally assembled cars

The authorised car dealers of all local assemblers have raised the 'premium' amount on all locally assembled cars ranging from Rs 10,000 to Rs 75,000 per unit following reduction in the capping for imported cars.

Published 24 Jun, 2007 12:00am

Dealers increase ''premium'' on locally assembled cars

The authorised car dealers of all local assemblers have raised the ''premium'' amount on all locally assembled cars ranging from Rs 10,000 to Rs 75,000 per unit following reduction in the capping for imported cars.

Published 24 Jun, 2007 12:00am

Trade documents to be harmonised with world standards

The Government of Pakistan has decided to harmonise trade documents with international standards based on the United Nations Layout Key (UNLK) that has also been adopted by the International Standards Organisation (ISO).

Published 24 Jun, 2007 12:00am

Trade documents to be harmonised with world standards

The Government of Pakistan has decided to harmonise trade documents with international standards based on the United Nations Layout Key (UNLK) that has also been adopted by the International Standards Organisation (ISO).

Published 24 Jun, 2007 12:00am

Trade documents to be harmonised with world standards

The Government of Pakistan has decided to harmonise trade documents with international standards based on the United Nations Layout Key (UNLK) that has also been adopted by the International Standards Organisation (ISO).

Published 24 Jun, 2007 12:00am

Weak US dollar harms industry: Sarkozy

French President Nicolas Sarkozy on Saturday said the weakness of the US dollar against the euro hit the competitiveness of Europe's industry. "How can our industrial groups compete if the dollar loses 34 percent against the euro?" Sarozky asked at the Pa

Published 24 Jun, 2007 12:00am

Weak US dollar harms industry: Sarkozy

French President Nicolas Sarkozy on Saturday said the weakness of the US dollar against the euro hit the competitiveness of Europe's industry. "How can our industrial groups compete if the dollar loses 34 percent against the euro?" Sarozky asked at the Pa

Published 24 Jun, 2007 12:00am

Weak US dollar harms industry: Sarkozy

French President Nicolas Sarkozy on Saturday said the weakness of the US dollar against the euro hit the competitiveness of Europe''s industry. "How can our industrial groups compete if the dollar loses 34 percent against the euro?" Sarozky asked at the P

Published 24 Jun, 2007 12:00am

Minfal plans to launch Rs five billion AIPP

Ministry of Food, Agriculture and Livestock (Minfal) has planned to launch a Rs 5 billion Agribusiness Investment Promotion Project (AIPP) to promote agribusiness investment promotion programmes and strengthening of agribusiness support fund and investmen

Published 24 Jun, 2007 12:00am

Government urged to help bring down export items' input costs

The government should help bring down input costs to make local products more competitive in the international market, said the Federation of Pakistan Chambers of Commerce and Industry in its Trade Policy 2007-08 proposals forwarded to Commerce Ministry.

Published 24 Jun, 2007 12:00am

Government urged to help bring down export items' input costs

The government should help bring down input costs to make local products more competitive in the international market, said the Federation of Pakistan Chambers of Commerce and Industry in its Trade Policy 2007-08 proposals forwarded to Commerce Ministry.

Published 24 Jun, 2007 12:00am

Government urged to help bring down export items'' input costs

The government should help bring down input costs to make local products more competitive in the international market, said the Federation of Pakistan Chambers of Commerce and Industry in its Trade Policy 2007-08 proposals forwarded to Commerce Ministry.

Published 24 Jun, 2007 12:00am

PBA discusses voluntary code of conduct

The PBA has an emergency meeting and its board of directors has discussed the voluntary Code of Conduct to prepare themselves for the meeting with Pemra and the information and broadcasting ministry in Islamabad scheduled for June 25, 2007.

Published 24 Jun, 2007 12:00am

PBA discusses voluntary code of conduct

The PBA has an emergency meeting and its board of directors has discussed the voluntary Code of Conduct to prepare themselves for the meeting with Pemra and the information and broadcasting ministry in Islamabad scheduled for June 25, 2007.

Published 24 Jun, 2007 12:00am

Portfolio investment hits new high

The portfolio investment in the country's equity market with fresh increase of around $18 million on June 22 has reached at its high ever level of $924.771 million on the back of massive inflow from Germany, Hong Kong, Switzerland, UK and USA.

Published 24 Jun, 2007 12:00am

Portfolio investment hits new high

The portfolio investment in the country's equity market with fresh increase of around $18 million on June 22 has reached at its high ever level of $924.771 million on the back of massive inflow from Germany, Hong Kong, Switzerland, UK and USA.

Published 24 Jun, 2007 12:00am

Portfolio investment hits new high

The portfolio investment in the country''s equity market with fresh increase of around $18 million on June 22 has reached at its high ever level of $924.771 million on the back of massive inflow from Germany, Hong Kong, Switzerland, UK and USA.

Published 24 Jun, 2007 12:00am

Around 80 Taliban killed in Afghanistan

Foreign forces in Afghanistan said Saturday they had killed around 80 insurgents in the past 24 hours, most of them in a strike on rebels preparing an attack near the border.

Published 24 Jun, 2007 12:00am

Around 80 Taliban killed in Afghanistan

Foreign forces in Afghanistan said Saturday they had killed around 80 insurgents in the past 24 hours, most of them in a strike on rebels preparing an attack near the border.

Published 24 Jun, 2007 12:00am

Russian diplomat shot dead

A Russian diplomat travelling in an embassy vehicle was fatally shot on the outskirts of Burundi's capital when he tried to force his way through a roadblock twice, the Burundi army said on Saturday.

Published 24 Jun, 2007 12:00am

Russian diplomat shot dead

A Russian diplomat travelling in an embassy vehicle was fatally shot on the outskirts of Burundi's capital when he tried to force his way through a roadblock twice, the Burundi army said on Saturday.

Published 24 Jun, 2007 12:00am

DCO for complete lining of targeted watercourses

The District Co-ordination Officer Hyderabad Aftab Ahmed Khatri has directed the officers concerned to complete lining of 70 annually targeted watercourses and get these verified from the consultants up to June 30, 2007 failing which action would be taken

Published 24 Jun, 2007 12:00am

AJK PPP warns government not to hinder CJP's visit

President Jammu Kashmir Peoples Party (JKPP) Sardar Khalid Ibrahim has asked the AJK government to refrain from hindering Chief Justice Iftikhar Muhammad Chaudhry's Kashmir visit.

Published 24 Jun, 2007 12:00am

Eight killed in Tirah valley clashes

Armed clashes between two rival groups left eight persons dead and seven other injured in the remotest areas of Tirah valley in Khyber Agency on Saturday.

Published 24 Jun, 2007 12:00am

'Government to discourage monetary aid to textile industry'

The Federal Government has decided to discourage subsidies and monetary assistance to the textile industry and would adopt a long-term policy for this purpose.

Published 24 Jun, 2007 12:00am

Musharraf and Punjab chief minister discuss uplift projects

President General Pervez Musharraf had a one-to-one meeting with Chief Minister Pervaiz Elahi at Army Guest House here on Saturday. The ongoing development projects in the province and national and political affairs came under discussion during the meetin

Published 24 Jun, 2007 12:00am

80 percent Fata ADP fund for ongoing schemes

A high level meeting held at Governor's House here on Saturday with the NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) in the chair discussed the proposed Fata Annual Development Program for the year 2007-08.

Published 24 Jun, 2007 12:00am

Rs 6.039 billion uplift plan for Peshawar city unveiled

The NWFP allocated Rs 6.039 billion for the 94 ongoing and 29 new development schemes for the early expansion, renovation and development of Peshawar city.

Published 24 Jun, 2007 12:00am

Human Resource Centre inaugurated in NWFP

NWFP Secretary Finance, Zia-ur-Rahman inaugurated Human Resource Centre (HRC) at Civil Secretariat Peshawar on Saturday. The purpose of establishing this centre is to computerise the service record of all provincial employees and to train them in their re

Published 24 Jun, 2007 12:00am

Fire erupts at shopping mall in Clifton

Fire broke out at a commercial-cum-residential building, CTC Mobile Mall at Teen Talwar area in Clifton here on Saturday afternoon. The seven-storied commercial building is a mobile shopping mall and also house shops clothes on its ground floor, while its

Published 24 Jun, 2007 12:00am

BoP's clarification

Apropos to the news circulating about the Bank of Punjab (BoP), it is reiterated that the allegations being imposed are completely contrary to the facts. According to the press release, the bank has been dealing with the named client for the past 3 to 4 y

Published 24 Jun, 2007 12:00am

Samsung launches Ultra Edition II series

The Samsung Electronics Company Limited, a leading provider of mobile phones and telecom systems, once again redefined the mobile handset market with Saturday's launch of the Ultra Edition II series. Making its debut in the Middle East and Africa, the Ult

Published 24 Jun, 2007 12:00am

National Assembly approves Rs 640 billion supplementary grants

The government on Saturday pushed through the National Assembly more than Rs 640 billion supplementary grants for current fiscal year, including an amount of Rs 290 million spent in excess on foreign visits of President Musharraf and Prime Minister Shauka

Published 24 Jun, 2007 12:00am

National Assembly approves Rs 640 billion supplementary grants

The government on Saturday pushed through the National Assembly more than Rs 640 billion supplementary grants for current fiscal year, including an amount of Rs 290 million spent in excess on foreign visits of President Musharraf and Prime Minister Shauka

Published 24 Jun, 2007 12:00am

New projects to bring second media revolution: Durrani

Federal Minister for Information and Broadcasting Muhammad Ali Durrani has said that an unprecedented 684 percent increase in allocations for media development projects in the current budget will unleash what may be termed as the second 'media revolution'

Published 24 Jun, 2007 12:00am

Ijaz files motions against Imran and Punjab bar

Minister for Religious Affairs Muhammad Ijaz-ul-Haq on Saturday filed two separate privilege motions against opposition member and Tehrik-e-Insaf chief Imran Khan and the Punjab Bar.

Published 24 Jun, 2007 12:00am

Ijaz files motions against Imran and Punjab bar

Minister for Religious Affairs Muhammad Ijaz-ul-Haq on Saturday filed two separate privilege motions against opposition member and Tehrik-e-Insaf chief Imran Khan and the Punjab Bar.

Published 24 Jun, 2007 12:00am

Treasury and opposition want punitive action against Jamia Hafsa administration

The treasury and opposition members Saturday voiced to take punitive action against Jamia Hafsa administration in unison for abducting Chinese women but the government seemed reluctant and wanted to have a 'clear directive' from the National Assembly to l

Published 24 Jun, 2007 12:00am

FROM A RINGSIDE SEAT

The National Assembly's budget session ended on Saturday. There was a long list of encomiums. The names mentioned were those of Speaker Chaudhry Amir Hussain, the Opposition and Syed Khurshid Ahmad Shah, particularly singled out for this honour-President

Published 24 Jun, 2007 12:00am

10-year targets planned for economic uplift: Dr Ashfaque

Economic Adviser to Ministry of Finance and Director General Debt Office Dr Ashfaque Hasan Khan said on Saturday the government has planned ten year targets for economic uplift.

Published 24 Jun, 2007 12:00am

Supreme Court summons AG Punjab, IG Islamabad and IO in Kafila's case

The Supreme Court has taken suo motu action on Kafila Siddiqui's death and directed Advocate General Punjab and Inspector General Police, Islamabad, to appear before the Court on June 29.

Published 24 Jun, 2007 12:00am

Lawyers observe token strike

The lawyers' community observed the routine token strike here in the metropolis in protest against the suspension of Chief Justice of Pakistan Iftikhar Muhammad Chaudhry and did not appear before the courts for one hour.

Published 24 Jun, 2007 12:00am

'CJP's visit to change political scenario in Multan'

Habibullah Shakir, President High Court Bar Association, Multan, has said the visit of CJP Justice Iftikhar Chaudhry will change the political scenario in Multan as people from all walks of life will express their solidarity by according a colourful and h

Published 24 Jun, 2007 12:00am

Health foundation providing loans to private doctors

Punjab Health Minister Muhammad Iqbal has said that Punjab Health Foundation (PHF) is providing loan to private practitioners for establishment of their clinics and purchase of equipment. This facility is available for setting up new clinics as well as up

Published 24 Jun, 2007 12:00am

Former GCU vice-principal hospitalised

A distinguished political scientist and scholar Professor Javed Ahmed Sheikh has been hospitalised following rupturing of his lever. Professor Javed Ahmed Sheikh served as the Head of the Political Science department of the GC University Lahore and later

Published 24 Jun, 2007 12:00am

Sukkur Express bogies cut criticised

The reduction of three economy class bogies of the most profitable train of Pakistan Railways, Sukkur Express, has created great hardship for local passengers besides causing loss of million of rupees for the Pakistan Railway.

Published 24 Jun, 2007 12:00am

Ulema condemn Chinese nationals kidnapping

Ulema belonging to different schools of thought Saturday strongly condemned kidnapping of Chinese nationals by Lal Masjid students in Islamabad. Maulana Hidayatullah Pasroori of Jamaat Ahl-e-Sunnat, Kunwar Muhammad Siddique and Dr Aurang Zeb of Jamaat-e-I

Published 24 Jun, 2007 12:00am

Kasuri encourages US entrepreneurs for investment

Foreign Minister Khurshid Kasuri, highlighting Pakistan's tremendous economic potential and its key strategic location to serve as regional hub of trade and economic activity, encouraged American entrepreneurs to take advantage of the vast business opport

Published 24 Jun, 2007 12:00am

LUMS training to be fine amalgamation of practice and theory

In continuation of a memorable agreement between Central Board of Revenue (CBR) and Lahore University of Management Sciences (LUMS), signed on June 8, 2007, to impart training to top CBR officials, the first formal meeting between the two sides was held h

Published 24 Jun, 2007 12:00am

Evaluation in education system lacks proper monitoring

Although, the educational policies devised by the government are clear, but the real problem in our educational system is lack of proper monitoring and evaluation system. This observation was made by Ambreen Asif Qureshi, Manager Programmes, Commecs Insti

Published 24 Jun, 2007 12:00am

Qamar-uz-Zaman's memoir launched

'Founding Father of Student Leadership'- a memoir of the late Qamar-uz-Zaman was launched by Rifat Anwar on Friday evening at the Aligarh Muslim University Old Boy's Association of Pakistan.

Published 24 Jun, 2007 12:00am

Vice chancellor MUET leaves for Umrah

Vice Chancellor Mehran University of Engineering and Technology (MUET) Jamshoro Dr Abdul Qadeer Khan Rajput has proceeded to Saudi Arabia to perform Umrah. The University spokesman informed here on Saturday.

Published 24 Jun, 2007 12:00am

'Women can play enormous role in socio-economic uplift'

District Nazim Sukkur, Syed Nasir Hussain Shah has said women, if properly trained and educated, could play enormous role in the socio-economic uplift of the country. In a meeting with the women of APWA club Sukkur at his office on Saturday, Nasir Hussain

Published 24 Jun, 2007 12:00am

Rs 168.39 million to be spent on Pesco distribution system

The board of directors of the Peshawar Electricity Supply Company (Pesco) on Tuesday approved Rs 168.398 million to spend on improving Pesco power distribution system and resolution of the problems of low voltage and system overloading in different areas

Published 24 Jun, 2007 12:00am

Resolution of towel makers' issues sought

The Towel Manufacturer Association (TMA) has demanded of the government for resolution of the several issues hampering the growth of this sector and increases the cost of production. TMA Chairman M. Muzzammil Hussain called upon the government to consider

Published 24 Jun, 2007 12:00am

CDGK holds traders responsible for essentials' prices crisis

The City District Government Karachi (CDGK) on Saturday held the wholesalers and retailers responsible for irregularities in its campaign to control prices of the essential commodities.

Published 24 Jun, 2007 12:00am

FPCCI condemns kidnapping of Chinese

The President of FPCCI, Tanveer Ahmad Shaikh, on Saturday condemned the kidnapping of Chinese nationals in Islamabad by students of Jamia Hafsa and said that it would damage the image of the country internationally.

Published 24 Jun, 2007 12:00am

Public, private sectors need to overcome weaknesses: CBR

Public and private sectors should overcome their inherent if sustained growth has to be achieved, said Abdullah Yusuf, Chairman Central Board of Revenue (CBR). He was addressing the certificate distribution ceremony for assistant collectors of 33rd CTP at

Published 24 Jun, 2007 12:00am

Wildlife, water species in danger due to shrinking water-lands

Experts have warned about the mounting threats to wildlife and other rare water species particularly in the Indus Delta due to gradual decline of water lands across the country.

Published 24 Jun, 2007 12:00am

No offs to city government staff during monsoon

City Nazim Mustafa Kamal has cancelled the weekly offs and other holidays for city government departments and other civic institutions during monsoon season. In a meeting here on Saturday, he directed the officers and staff of Karachi Water and Sewerage B

Published 24 Jun, 2007 12:00am

Tax collection via internet from July

The taxpayers registered with Karachi Large Taxpayers Unit (LTU) will be filing tax returns through a web-based program from July 1. The Central Board of Revenue (CBR), in its efforts to computerise the taxation system has introduced various facilities to

Published 24 Jun, 2007 12:00am

Time to avert a poultry disaster

Mir Tahir Zaidi, Chairman, Pakistan Poultry Association, in a statement issued recently, pointed to a number of causes that have been adding to the industry's woes once again, thus posing a threat to its survival. Reference, in this regard, has been made,

Published 24 Jun, 2007 12:00am

Rise in psychiatric problems

Professor Dr Mohammad Riaz Bhatti, President, Pakistan Psychiatry Society, has said at a news briefing held in connection with the 4th National Symposium on Psychiatric Updates, that there has been a significant increase in psychiatric problems, including

Published 24 Jun, 2007 12:00am

Pakistan entering critical period: Musharraf faces tough choices

On May 12th, over forty died when violence broke out in Karachi between political factions supporting and opposing President Musharraf. Three days later, a suicide bomber entered a hotel restaurant in Peshawar and detonated the explosives strapped to his

Published 24 Jun, 2007 12:00am

Phone from above the clouds

One of the last telephone-free environments on the planet, the airplane, is about to be connected, allowing travellers to make mobile phone calls at high altitude.

Published 24 Jun, 2007 12:00am

Iran seeks to take on rolling TV news giants

An increasingly crowded market for 24-hour news is facing a new rival -- a channel from Iran whose self-proclaimed aim is to break the "stranglehold" of the West over the world's media.

Published 24 Jun, 2007 12:00am

Attacks on Iraq mosques

In spite of the claims of improvement by the American Army, the condition in Iraq seems to be going from bad to worse, day by day. The attacks at the crowded places or holy cities or the attacks on the foreign armies present in Iraq, are finding no place

Published 24 Jun, 2007 12:00am

Why only Islam?

Another anti-Islam statement has come and to my surprise, it is not from west but from neighbour India. It has been learnt that Pratibha Patil, nominee for presidential election, urged Muslim women in India to stop wearing veils, an order given by Almight

Published 24 Jun, 2007 12:00am

Cricket coach

In future any retired cricketer will be coach for the national cricket team. This has been proved with experience that the recent coach was not good for the survival of the cricket team. He made the authorities to schedule first match of Pakistan team wit

Published 24 Jun, 2007 12:00am

Footwear exhibition kicks off in Lahore

The 9th International Footwear Exhibition JUFT-2007 has commenced here from Saturday in which 114 leading footwear manufacturers are taking part.

Published 24 Jun, 2007 12:00am

Camps set up to welcome CJP in Multan

Entire city has been decorated with colourful banners, buntings and lights and traders, political parties particularly PPP, PML-N, TIP, JAH, Seraiki Party, MMA's JUI, JI, Pakistan Democratic Party, Traders Alliance have established their welcome camps for

Published 24 Jun, 2007 12:00am

Rains expose tall claims of civic agencies

Provincial metropolis received heavy downpour on Saturday, which exposed the tall claims of the civic agencies regarding adopting foolproof arrangements for monsoon.

Published 24 Jun, 2007 12:00am

Armymen asked to make best use of combat-oriented training

Corps Commander Lahore, Lieutenant General Shafaat Ullah Shah, has urged the officers and Jawans to hone their professional skills by making best use of the combat oriented training being imparted to them as part of the Summer Collective Training programm

Published 24 Jun, 2007 12:00am

'Textile sector took out Rs 100 billion from banks'

Chairman All Pakistan Textile Association (Apta) Adil Mehmood has said that approximately Rs 100 billion have been taken from different banks by the textile sector, and some banks may collapse if the textile sector is not rescued on priority basis.

Published 24 Jun, 2007 12:00am

Fresh probe into stock market crash sought

Muhammad Iftikhar Shafi, a local industrialist and Syed Jameel Hassan, a Pakistani businessman settled in Saudi Arabia, have once again urged President Pervez Musharraf to order fresh probe into the May 2000 stock market crisis and take the responsible el

Published 24 Jun, 2007 12:00am

PPPP meeting

According to information received here on Saturday, Pakistan Peoples Party Parliamentarian (PPPP) would decide upon the candidates of its party in Punjab in a board meeting to be held in period July 20-30, 2007.

Published 24 Jun, 2007 12:00am

Sales tax collectorate to remain open today

The Collectorate of Sales Tax & Federal Excise, Lahore, has made special arrangements for deposit of principal amount of sales tax and federal excise duty under the amnesty scheme. According an announcement of the Collectorate, the offices of the Collecto

Published 24 Jun, 2007 12:00am

EU leaders finally clinch reform treaty deal

European Union leaders clinched agreement on Saturday on a mandate to overhaul the 27-nation bloc after persuading Poland to end a stand off that nearly torpedoed a marathon summit.

Published 24 Jun, 2007 12:00am

US and Iraq forces kill 90 al Qaeda fighters: seven US soldiers killed

US and Iraqi forces say they have killed 90 al Qaeda fighters around Baghdad during one of the biggest combined offensives against the Sunni Islamist group since the invasion of Iraq in 2003.

Published 24 Jun, 2007 12:00am

Parliament to sit longer

Iraq's parliament voted on Saturday to cut its summer holiday by a month to give lawmakers more time to pass a package of laws Washington views as key to fostering national reconciliation between Iraq's warring sects.

Published 24 Jun, 2007 12:00am

Thousands march to Thai army headquarters

Thousands of anti-coup protesters, organised by allies of Thailand's ousted premier Thaksin Shinawatra, marched in heavy rain Saturday to the country's army headquarters to demand the junta step down.

Published 24 Jun, 2007 12:00am

Bush vows permanent ban on future illegal migrants

President George W. Bush promised Saturday to permanently bar future illegal immigrants from the United States as he renewed his push for immigration reform, a centerpiece of his domestic agenda.

Published 24 Jun, 2007 12:00am

Turks march against PKK violence

Thousands of Turks marched silently through Istanbul on Saturday to protest against Kurdish guerrilla attacks after a call by the army for a public show of opposition to separatist violence.

Published 24 Jun, 2007 12:00am

Hamas calls for talks with Fatah faction

Hamas leader Ismail Haniyeh, prime minister of the Palestinian government dismissed by President Mahmoud Abbas, called for power-sharing talks on Saturday with Fatah rivals routed from the Gaza Strip. "There will be no dialogue with Hamas," responded Huss

Published 24 Jun, 2007 12:00am

Pakistan wants to play India in North America

Pakistan's cricket chief said Saturday that his country was eager to play one-day matches with arch-rivals India at neutral overseas venues, primarily in North America.

Published 24 Jun, 2007 12:00am

Henin beats Mauresmo to win Eastbourne title

Justine Henin avenged last year's Wimbledon final defeat when she beat Amelie Mauresmo to keep the Eastbourne International title on Saturday. In a thrilling and closely fought final, the Belgian world number one defeated Mauresmo 7-5 6-7 7-6 on the Eastb

Published 24 Jun, 2007 12:00am

Karlovic wins men's title

Unseeded Ivo Karlovic beat eighth seed Arnaud Clement 3-6 6-4 6-4 in the final of the Nottingham Open on Saturday to earn the second title of his career. The big-serving Croat wore down Clement, who had played twice on Friday, and sealed victory on his th

Published 24 Jun, 2007 12:00am

UEFA cancel Armenia versus Azerbaijan Euro qualifiers

Two Euro 2008 Group A matches between Armenia and Azerbaijan have been cancelled, with both countries losing the six qualifying points available, European soccer's governing body UEFA said on Saturday.

Published 24 Jun, 2007 12:00am

Australia fear losing lucrative Tests

Australian cricket fears it may lose its lucrative Boxing Day and New Year's Tests in Melbourne and Sydney amid scheduling disenchantment from some other Test nations.

Published 24 Jun, 2007 12:00am

Umpires dumped over World Cup fiasco

The five match officials whose blunder caused the farcical ending to this year's World Cup final have been sacked for the inaugural Twenty20 World Cup in September.

Published 24 Jun, 2007 12:00am

Muralitharan returns to haunt Bangladesh

Muttiah Muralitharan resumes his quest to finish as Test cricket's most successful bowler when Sri Lanka take on Bangladesh in a three-match series starting on Monday. The prolific off-spinner, with 674 wickets from 110 Tests, is only 35 scalps away from

Published 24 Jun, 2007 12:00am

Canadian dollar breaks losing streak

The Canadian dollar broke its two-day losing streak against the greenback on Friday, closing higher on renewed buying interest and technical moves, while bond prices rose slightly on the back of a rally in US treasuries.

Published 24 Jun, 2007 12:00am

Won down on foreign stock deals

The South Korean won fell against the dollar on Friday, as US private equity fund Lone Star sold a stake in Korea Exchange Bank (KEB) and on supplies related to recent stock sales by foreign investors.

Published 24 Jun, 2007 12:00am

US yields may keep fuelling dollar rise

The dollar's fortunes are tied to Treasury yields for now. The dollar could climb next week if the Federal Reserve at a two-day policy meeting ending on Thursday maintains a focus on inflation pressures, which could push up yields.

Published 24 Jun, 2007 12:00am

Market wary but not intimidated by New Zealand intervention

Raids by New Zealand's central bank on currency markets have failed to stop the high-flying kiwi dollar from hitting fresh 22-year highs and left it with a dilemma - when to strike again for maximum impact at minimal cost.

Published 24 Jun, 2007 12:00am

Higher yuan not enough to narrow trade balance

A rise in the value of China's currency will not in itself be enough to narrow the nation's yawning trade surplus, a senior central bank official was quoted as saying in state media Friday.

Published 24 Jun, 2007 12:00am

Taiwan dollar ends stronger

The Taiwan dollar firmed to its highest level since early January on Saturday as the market focused on the central bank's interest rate hike and its raising of the reserve requirement ratio for foreign currency deposits.

Published 24 Jun, 2007 12:00am

US stocks tumble

US stocks tumbled on Friday, wrapping up their worst week since a global sell-off in February amid fears that trouble at two Bear Stearns hedge funds may signal worse problems lie ahead for credit markets.

Published 24 Jun, 2007 12:00am

Taiwan stocks weaken

Taiwan stocks fell 0.38 percent in a rare Saturday session, with big tech exporters such as Hon Hai tracking losses in US counterparts, amid fears that a stronger local dollar would hurt their profits.

Published 24 Jun, 2007 12:00am

Brazil stocks end down

Brazil's stocks fell on Friday on concerns that troubles in the US credit markets may spread and contaminate the world's largest economy. The Bovespa index of the Sao Paulo Stock Exchange fell 0.71 percent to 54,267.10 points on a hefty turnover of 3.6 bi

Published 24 Jun, 2007 12:00am

Toronto stocks retreat

The Toronto Stock Exchange's main dropped more than 100 points on Friday, as energy and resource issues gave up ground despite firmer commodity prices, and US rate and credit fears weighed on investors. The S&P/TSX composite index fell 109.7 points, or 0.

Published 24 Jun, 2007 12:00am

Chile stocks eke out new record high

Chilean stocks eked out the week's third record high close on Friday, shrugging off the downward pull of US markets. The all-market IGPA index gained 0.48 percent to 14,892.61 points, while the trade weighted blue chip IPSA index rose 0.47 percent to 3,44

Published 24 Jun, 2007 12:00am

Argentine stocks, bonds sag

Argentine stocks and bonds fell on Friday, pushed down by concerns that rising yields of US Treasury bonds may lure investment flows away from emerging markets. The MerVal index fell 0.22 percent to close at 2,229.9 points, but ended the week with a gain

Published 24 Jun, 2007 12:00am

European Stocks: lacklustre performance seen ahead

European stocks could struggle to regain 6-1/2 year peaks in the week ahead as interest rates dominate investors' attention, with the US Federal Reserve expected to keep the cost of borrowing on hold.

Published 24 Jun, 2007 12:00am

Blackstone IPO sets stage for robust 2007

The past week's US market for initial public offerings lacked quantity, but Thursday's $4.13 billion offering by Blackstone Group more than made up for it, and put the US IPO market on a high note for the first half of 2007, and likely the rest of the yea

Published 24 Jun, 2007 12:00am

Mexican stocks plunge

Mexican stocks finished lower on Friday with a dip in Wal-Mart de Mexico. The IPC stock index fell 0.59 percent to 31,642.26 points. In stock trading, retailer Wal-Mart de Mexico, one of the most heavily weighted stocks in the IPC index, declined 1.67 per

Published 24 Jun, 2007 12:00am

US Treasuries snap two-day decline

US Treasury debt prices rose on Friday, halting a two-day decline, as nervous investors dumped stocks and shifted into government bonds as fears of the subprime mortgage problems reverberated through financial markets.

Published 24 Jun, 2007 12:00am

US Treasuries snap two-day decline

US Treasury debt prices rose on Friday, halting a two-day decline, as nervous investors dumped stocks and shifted into government bonds as fears of the subprime mortgage problems reverberated through financial markets.

Published 24 Jun, 2007 12:00am

US corporate bonds spreads widen

US corporate bond spreads widened broadly on Thursday, with the brokerage sector taking the brunt of the weakness after Bear Stearns Cos. said it bailed out a hedge fund facing margin calls. A sell-off in equities, recent heavy supply and a flight to qual

Published 24 Jun, 2007 12:00am

US corporate bonds spreads widen

US corporate bond spreads widened broadly on Thursday, with the brokerage sector taking the brunt of the weakness after Bear Stearns Cos. said it bailed out a hedge fund facing margin calls. A sell-off in equities, recent heavy supply and a flight to qual

Published 24 Jun, 2007 12:00am

Emerging sovereign debt risk extends

Emerging sovereign debt spreads widened on Friday as fears related to the US subprime mortgage market hit risky assets globally, causing some investors to look for safety in US Treasuries.

Published 24 Jun, 2007 12:00am

Emerging sovereign debt risk extends

Emerging sovereign debt spreads widened on Friday as fears related to the US subprime mortgage market hit risky assets globally, causing some investors to look for safety in US Treasuries.

Published 24 Jun, 2007 12:00am

American credit market outlook

The possibility that activist investor Nelson Peltz may press for changes at Kraft Foods Inc will not necessarily be significantly harmful to the food maker's credit spreads, even if Kraft's debt load increases as part of a plan to increase its share pric

Published 24 Jun, 2007 12:00am

American credit market outlook

The possibility that activist investor Nelson Peltz may press for changes at Kraft Foods Inc will not necessarily be significantly harmful to the food maker's credit spreads, even if Kraft's debt load increases as part of a plan to increase its share pric

Published 24 Jun, 2007 12:00am

Ahmadinejad talks to butcher for economy tips

Highlighting a common touch that has become a trademark of his presidency, Mahmoud Ahmadinejad has said he keeps his finger on Iran's economic pulse by talking to his butcher, newspapers reported on Saturday.

Published 24 Jun, 2007 12:00am

Japan's JVC, Kenwood seen to merge

Struggling consumer electronics maker JVC will likely merge with audio equipment maker Kenwood Corp under a joint holding company as early as 2008, sources close to the matter said on Saturday.

Published 24 Jun, 2007 12:00am

Chinese bank to issue yuan bond in Hong Kong

China Development Bank said on Saturday it would issue a yuan bond in Hong Kong on Tuesday, in what will be the first Chinese currency-denominated bond to be launched outside China. "Yes," an official at the state-owned policy bank told Reuters.

Published 24 Jun, 2007 12:00am

Chinese bank to issue yuan bond in Hong Kong

China Development Bank said on Saturday it would issue a yuan bond in Hong Kong on Tuesday, in what will be the first Chinese currency-denominated bond to be launched outside China. "Yes," an official at the state-owned policy bank told Reuters.

Published 24 Jun, 2007 12:00am

Chinese inflation may rise: Zhou

Chinese inflation may rise despite tighter monetary policy and a further increase in interest rates cannot be ruled out, central bank governor Zhou Xiaochuan said on Saturday. "We've adjusted interest rates but (inflation) may go up a little bit," Zhou to

Published 24 Jun, 2007 12:00am

Philippines inflation benign

The outlook for Philippine inflation is benign although it may rise later in the year, the country's central bank governor said on Saturday. Amando Tetangco said base effects and value-added tax were expected to lead to an uptick in inflation later this y

Published 24 Jun, 2007 12:00am

Brown Shoe sees Asian growth doubling on China

Brown Shoe Co aims to grow its Asian sales by a fifth annually in coming years, double the 10 percent growth expected for 2007, largely because of ambitious store opening plans in China, a senior executive said.

Published 24 Jun, 2007 12:00am

Leaders of Black Sea nations to discuss economic ties

The leaders of 12 countries in the Black Sea region, among them Russian President Vladimir Putin, will gather here Monday to discuss projects aimed at boosting trade and economic co-operation.

Published 24 Jun, 2007 12:00am

LSE seals $2.2 billion Borsa deal

The London Stock Exchange (LSE) is to buy its Italian counterpart for 1.6 billion euros ($2.15 billion), the two exchanges confirmed in a statement on Saturday, the latest step in a global consolidation of exchanges.

Published 24 Jun, 2007 12:00am

Bangladesh gets $100 million World Bank loan for education

The World Bank has approved a $100 million loan, its third, to help Bangladesh in its efforts to reform its education sector. The loan is meant for an education sector project focused on improving quality and access in the country's secondary education sy

Published 24 Jun, 2007 12:00am

Eni and Gazprom to study new gas pipeline to Europe

Italian oil company Eni and Russia's Gazprom have agreed to study plans to build a new gas pipeline to supply Russian gas to Europe, the two companies said on Saturday. The proposed 900 kilometre (559 miles) "South Stream" pipeline will run under the Blac

Published 24 Jun, 2007 12:00am

Inflation in Saudi Arabia to stay under control

Saudi Arabia's central bank governor said on Saturday he is optimistic that inflation in the Gulf state will stay under control. Saudi Monetary Authority Governor Hamad Saud al-Sayyari said inflation had come down to 2.9 percent, from 3 percent earlier in

Published 24 Jun, 2007 12:00am

Jordan bank optimistic on economy and foreign exchange

Jordan's economy is doing well and there are no currency problems on the horizon, the country's central bank governor said on Saturday. "I am optimistic when I look at all variables and find that they are in the right direction," central bank governor Uma

Published 24 Jun, 2007 12:00am

Aeroflot to pull out of Alitalia bidding

Russian airline Aeroflot will announce within days that it is pulling out of the bidding for Italian airline Alitalia, Interfax news agency cited an unnamed board member as saying on Saturday.

Published 24 Jun, 2007 12:00am

China nabs woman in suspected investment scandal

Police in eastern China have detained a young woman on suspicion of illegally raising 300 million yuan ($39 million) amid promises of high returns, state media said.

Published 24 Jun, 2007 12:00am

Taiwan to issue T$80-90 billion T-bonds in third quarter

Taiwan plans to issue T$80 billion (US $2.4 billion) to T$90 billion worth of government bonds in the third quarter, the finance ministry said on Saturday, to fund the state treasury.

Published 24 Jun, 2007 12:00am

Taiwan to issue T$80-90 billion T-bonds in third quarter

Taiwan plans to issue T$80 billion (US $2.4 billion) to T$90 billion worth of government bonds in the third quarter, the finance ministry said on Saturday, to fund the state treasury.

Published 24 Jun, 2007 12:00am

Oil hits nine-month peak

Crude oil prices reached their highest levels for nine months last week, before paring gains on news of rising energy stockpiles in the United States. Base metal lead enjoyed yet another record peak as traders fretted over low global reserves.

Published 24 Jun, 2007 12:00am

US gold up

US gold futures rose on Friday, extending the previous session's reversal from one-week lows, as a softer dollar and firmer oil prices lent support, dealers said. Gold for August delivery on the New York Mercantile Exchange's COMEX division closed up $2.8

Published 24 Jun, 2007 12:00am

New York sugar settles firmer

Raw sugar futures closed higher on Friday on trade and options-related buying, and brokers said momentum from this week's move may enable sugar to make a run at 10 cents in the days ahead. New York Board of Trade's key October sugar contract went up 0.09

Published 24 Jun, 2007 12:00am

Soyabeans fall

Soyabean futures on the Chicago Board of Trade fell sharply on Friday on better crop weather in the US Midwest, traders said. Follow-through speculative selling after on Thursday's sharp break also contributed to the declines, they said. CBOT soya closed

Published 24 Jun, 2007 12:00am

CBoT rice lower

Rough rice futures on the Chicago Board of Trade closed lower on Friday on scattered technical selling and slipover from steep declines in corn, soyabbeans and wheat, traders said "We couldn't get out of the way of other grain market losses," one trader s

Published 24 Jun, 2007 12:00am

New York coffee falls

US arabica coffee closed lower on Friday after speculative selling pushed it to a three-week low in technical dealings and thin trade, traders said. "It sounded like some of the short-term specs just sold the market right after the there's just not a lot

Published 24 Jun, 2007 12:00am

US copper ends easier

US copper futures trimmed earlier gains to close with modest losses in thin dealings on Friday, as traders banked some profits ahead of the weekend while awaiting news on any strike developments from Chile, analysts said.

Published 24 Jun, 2007 12:00am

New York cocoa climbs

US cocoa futures finished higher on Friday, on light volume and continued technical support as fund and speculative buying buoyed prices, traders said. "It seems like this market doesn't want to go down right now. It looks like the specs are going to try

Published 24 Jun, 2007 12:00am

Indonesia coffee beans offered at discount

Indonesian robusta coffee beans are being offered at a discount this week as more supplies come in, but local prices have risen on the back of gains in coffee futures. Exporters have started offering Indonesia coffee beans for prompt shipment at a discoun

Published 24 Jun, 2007 12:00am

Australia launches drought-tolerant wheat field trials

Australia, one of the world's biggest wheat exporters, has launched field trials for drought-tolerant, genetically modified (GMO) wheat. The government body in charge of genetic modification, The Gene Technology Regulator, this week approved an applicatio

Published 24 Jun, 2007 12:00am

High prices brake European physical cocoa trade

High London cocoa futures again restrained European physical cocoa trade this week, with only limited industry buying on price dips reported, traders said on Friday. European physical cocoa butter ratios remained high, with the apparent poor quality of In

Published 24 Jun, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 129,270 tonnes cargo including 91,183 tonnes import, 38,087 tonnes export cargo and 2,291 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.

Published 24 Jun, 2007 12:00am

Santos port moves 6.52 million tonnes cargo

Brazil's main port of Santos moved 6.52 million tonnes of cargo in April, down 0.7 percent from 6.56 million tonnes a year ago, Port Authority Codesp said on Thursday.

Published 24 Jun, 2007 12:00am

Asian freight rates set for rebound due to looming storm

Bulk freight rates for major Asian routes eased 3 percent from the previous week but were expected to bounce again, as a new storm threatened to disrupt export operations at Australia's Newcastle port.

Published 24 Jun, 2007 12:00am

China urges Hong Kong to rethink port role

Hong Kong should focus on developing its high-end logistics industry and leave the expansion of container terminals to neighbouring cities in China's Guangdong province, a senior Chinese official was quoted as saying by a newspaper on Friday.

Published 24 Jun, 2007 12:00am

Corn drops nearly five percent

Corn futures at the Chicago Board of Trade fell almost 5 percent on Friday on crop-friendly rains in the US Midwest overnight and forecasts for better crop weather to continue, traders said.

Published 24 Jun, 2007 12:00am

Sharp price changes seen on grain market

Prices moved up in the grain market on Saturday as increased purchase was seen in process of trading, dealers said. On the grams side gram Garda Punjab was up by Rs 50 to Rs 2575-2700.

Published 24 Jun, 2007 12:00am

Tea prices down on Jodia Bazaar

The trading on tea ended down on Jodia Bazaar here on Saturday. The following variations were noted.

Published 24 Jun, 2007 12:00am

Static condition observed on cotton market

Firmer trend was seen on the cotton market as the mills remained on the sideline to analyse the present trend after the rains in both Punjab and Sindh, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2600, they ad

Published 24 Jun, 2007 12:00am

Oil cake market rates

The July vaida was unchanged while the December was higher on the forward cottonseed oilcake market on Saturday, dealers said. The July vaida was unchanged at Rs 650.00 and market settled at the same rate without showing any change for the day, dealer sai

Published 24 Jun, 2007 12:00am

CBoT wheat futures down

Wheat futures at the Chicago Board of Trade closed lower on Friday as improving harvest weather in the US Plains prompted selling after last week's run-up to 11-year highs, traders said.

Published 24 Jun, 2007 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 24 Jun, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 24 Jun, 2007 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 24 Jun, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

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 Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 24 Jun, 2007 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday June 25, 2007

Published 24 Jun, 2007 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday June 25, 2007

Published 24 Jun, 2007 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday June 25, 2007

Published 24 Jun, 2007 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (June 25, 2007).

Published 24 Jun, 2007 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (June 25, 2007).

Published 24 Jun, 2007 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

THE RUPEE: dollar slightly low in interbank trade

The rupee maintained a firm look as it gained one paisa against dollar in the interbank market on Saturday for buying and selling at Rs 60.61 and Rs 60.63, dealers said.

Published 24 Jun, 2007 12:00am

THE RUPEE: dollar slightly low in interbank trade

The rupee maintained a firm look as it gained one paisa against dollar in the interbank market on Saturday for buying and selling at Rs 60.61 and Rs 60.63, dealers said.

Published 24 Jun, 2007 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Rates of spices and other allied commodities

Rates of spices and other allied commodities in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Karachi chemicals and dyes market rates

Chemicals and dyes market rates in rupees on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Grain market rates

Karachi grain market rates in rupees on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Karachi Plastic/Urea Moulding Compounds Rates

Karachi Plastic/Urea Moulding Compounds Rates on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Multan commodities market rates

Commodities market rates in rupees on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

Poultry rates

Wholesale poultry rates on Saturday (June 23, 2007) and for Sunday (June 24, 2007).

Published 24 Jun, 2007 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am

The Weather

The weather report on Saturday (June 23, 2007) and the forecast for Sunday (June 24, 2007).

Published 24 Jun, 2007 12:00am

Rains cause widespread human suffering: 47 killed, over 150 injured, Karachi plunged deeper into darkness

The second spell of rains in less than a week in Karachi powered by thunderstorm claimed 47 lives, including five of a family, and injured over 150 while causing widespread human suffering and exposing city's fragile civic infrastructure.

Published 24 Jun, 2007 12:00am

Rains cause widespread human suffering: 47 killed, over 150 injured, Karachi plunged deeper into darkness

The second spell of rains in less than a week in Karachi powered by thunderstorm claimed 47 lives, including five of a family, and injured over 150 while causing widespread human suffering and exposing city's fragile civic infrastructure.

Published 24 Jun, 2007 12:00am

Cases against billboards companies planned

The Advisor to Sindh Chief Minister on Home Affairs Wasim Akhtar while expressing grief and shock over the loss of life caused by billboards coming to ground due to heavy rains and thunderstorm said that cases will be registered against the responsible ad

Published 24 Jun, 2007 12:00am

Cases against billboards companies planned

The Advisor to Sindh Chief Minister on Home Affairs Wasim Akhtar while expressing grief and shock over the loss of life caused by billboards coming to ground due to heavy rains and thunderstorm said that cases will be registered against the responsible ad

Published 24 Jun, 2007 12:00am

Courts directed to accept women's surety in bail matters

The National Judicial (Policy Making) Committee (NJPMC) has directed subordinate courts to accept women's sureties in bail matters when they execute bonds to the satisfaction of the court.

Published 24 Jun, 2007 12:00am

Courts directed to accept women's surety in bail matters

The National Judicial (Policy Making) Committee (NJPMC) has directed subordinate courts to accept women's sureties in bail matters when they execute bonds to the satisfaction of the court.

Published 24 Jun, 2007 12:00am

CBR restores tariff protection to boost Investment

The Central Board of Revenue (CBR) has restored the tariff protection for certain local sectors through amendments in the Finance Bill (2007-2008). Sources said on Saturday that the National Assembly has approved these changes in the Pakistan Customs Tari

Published 24 Jun, 2007 12:00am

CBR restores tariff protection to boost Investment

The Central Board of Revenue (CBR) has restored the tariff protection for certain local sectors through amendments in the Finance Bill (2007-2008). Sources said on Saturday that the National Assembly has approved these changes in the Pakistan Customs Tari

Published 24 Jun, 2007 12:00am

CBR restores tariff protection to boost Investment

The Central Board of Revenue (CBR) has restored the tariff protection for certain local sectors through amendments in the Finance Bill (2007-2008). Sources said on Saturday that the National Assembly has approved these changes in the Pakistan Customs Tari

Published 24 Jun, 2007 12:00am

CJP gets rousing welcome on way to Multan

Chief Justice Iftikhar Chaudhry travelled through the Lahore to Multan on Saturday on his latest trip to meet supporters in a campaign posing a growing challenge to President Pervez Musharraf.

Published 24 Jun, 2007 12:00am

Chinese women released from captivity

The students of an Islamabad religious seminary and central mosque on Saturday freed Chinese women, who were held hostage in an overnight raid on a massage centre, a senior official and the deputy of the seminary said.

Published 24 Jun, 2007 12:00am

Chinese women released from captivity

The students of an Islamabad religious seminary and central mosque on Saturday freed Chinese women, who were held hostage in an overnight raid on a massage centre, a senior official and the deputy of the seminary said.

Published 24 Jun, 2007 12:00am

Pak-Oman microfinance bank signs pact

An agreement was signed between Pak-Oman Microfinance Bank and ALICQ-AIG Life recently to provide credit protection facility to Pak-Oman borrowers. The objective of the partnership between the two organisations is to ease and protect the obligations of Pa

Published 24 Jun, 2007 12:00am

HBFC may become limited company

The federal cabinet is expected to approve the corporatisation of the House Building Finance Corporation (HBFC) converting it into a limited company, sources in the finance ministry told Business Recorder. The cabinet is scheduled to meet on June 2

Published 24 Jun, 2007 12:00am

HBFC may become limited company

The federal cabinet is expected to approve the corporatisation of the House Building Finance Corporation (HBFC) converting it into a limited company, sources in the finance ministry told Business Recorder. The cabinet is scheduled to meet on June 2

Published 24 Jun, 2007 12:00am

HBFC may become limited company

The federal cabinet is expected to approve the corporatisation of the House Building Finance Corporation (HBFC) converting it into a limited company, sources in the finance ministry told Business Recorder. The cabinet is scheduled to meet on June 2

Published 24 Jun, 2007 12:00am

President for bold decision by bureaucracy

President General Pervez Musharraf, highlighting the importance of the role of executive arm of the government in national development, has underlined the need to further improve it.

Published 24 Jun, 2007 12:00am

President for bold decision by bureaucracy

President General Pervez Musharraf, highlighting the importance of the role of executive arm of the government in national development, has underlined the need to further improve it.

Published 24 Jun, 2007 12:00am

CBR DG Intelligence wants to set up parallel system

The Directorate General of Intelligence and Investigation has sought powers for selection of cases for income tax audit under the Universal Self Assessment Scheme (USAS), creating a parallel investigation system in addition to audit under the Income Tax O

Published 24 Jun, 2007 12:00am

CBR DG Intelligence wants to set up parallel system

The Directorate General of Intelligence and Investigation has sought powers for selection of cases for income tax audit under the Universal Self Assessment Scheme (USAS), creating a parallel investigation system in addition to audit under the Income Tax O

Published 24 Jun, 2007 12:00am

CBR DG Intelligence wants to set up parallel system

The Directorate General of Intelligence and Investigation has sought powers for selection of cases for income tax audit under the Universal Self Assessment Scheme (USAS), creating a parallel investigation system in addition to audit under the Income Tax O

Published 24 Jun, 2007 12:00am

Nato air strike kills 10 civilians in Waziristan

Ten civilians were killed when international forces battling Taliban insurgents in Afghanistan fired across the border into Pakistan, the Pakistani military said on Saturday.

Published 24 Jun, 2007 12:00am

Nato air strike kills 10 civilians in Waziristan

Ten civilians were killed when international forces battling Taliban insurgents in Afghanistan fired across the border into Pakistan, the Pakistani military said on Saturday.

Published 24 Jun, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Jun 9	278.57
USD PKR Interbank Buying / Jun 9	278.37
USD to Japanese Yen / Jun 10	160.36
USD to Swiss Franc / Jun 10	0.80
Pound Sterling to USD / Jun 10	1.34
Euro to USD / Jun 10	1.15
SOFR % / Jun 9	3.63

Stock	Volume
S&P 500 / Jun 9	7,386.65
Nasdaq / Jun 9	25,678.82
Dow Jones / Jun 9	50,872.11
India Sensex / Jun 10	74,322.20
Tokyo Nikkei / Jun 10	64,166.71
Hang Seng / Jun 10	24,292.95
FTSE 100 / Jun 10	10,250.38
Germany DAX 30 / Jun 10	24,501.24
France CAC40 / Jun 10	8,216.19

Item	Value
Gold 10 Grams PKR / Jun 9	389,534
Petrol/Litre / Jun 10	377.78
Crude Oil USD/Barrel / Jun 10	88.87
Gold Spot USD/Ounce / Jun 10	4,174.27
Diesel/Litre / Jun 10	380.78
Cotton US¢/pound / Jun 10	75.60

Stock	Price
First Fid. Leasing / Jun 10 First Fidelity Leasing Modaraba(FFLM)	10.67 ▲ 1 (10.34%)
J.A.Textile / Jun 10 J.A. Textile Mills Limited(JATM)	26.25 ▲ 2.39 (10.02%)
Burshane LPG / Jun 10 Burshane LPG (Pakistan) Limited(BPL)	62.55 ▲ 5.69 (10.01%)
Inter.Steel Ltd / Jun 10 International Steels Limited(ISL)	85.65 ▲ 7.79 (10.01%)
Redco Textile / Jun 10 Redco Textiles Limited(REDCO)	31.55 ▲ 2.87 (10.01%)
Pak. P.V.C. / Jun 10 Pakistan PVC Limited(PPVC)	23.63 ▲ 2.15 (10.01%)
Cherat Packaging / Jun 10 Cherat Packaging Limited(CPPL)	92.09 ▲ 8.37 (10%)
IBL HealthCare / Jun 10 IBL HealthCare Limited(IBLHL)	54.25 ▲ 4.93 (10%)
Kohat Textile / Jun 10 Kohat Textile Mills Limited(KOHTM)	122.68 ▲ 11.15 (10%)
Oilboy Energy / Jun 10 Oilboy Energy Limited(OBOY)	20.35 ▲ 1.85 (10%)

Stock	Price
Dadabhoy Cement / Jun 10 Dadabhoy Cement Industries Limited(DBCI)	7.35 ▼ -0.85 (-10.37%)
Idrees Tex. / Jun 10 Idrees Textile Mills Limited(IDRT)	57.68 ▼ -6.41 (-10%)
Tariq Corp.Pref. / Jun 10 Tariq Corporation Limited-Preference Shares(TCORPCPS)	10.94 ▼ -1.21 (-9.96%)
Shams Textile / Jun 10 Shams Textile Mills Limited(STML)	40.31 ▼ -3.14 (-7.23%)
Haseeb Waqas / Jun 10 Haseeb Waqas Sugar Mills Limited(HWQS)	17.85 ▼ -1.29 (-6.74%)
Sindh Abadgar / Jun 10 Sindh Abadgar's Sugar Mills Limited(SASML)	380.07 ▼ -25.94 (-6.39%)
First IBL Mod. / Jun 10 First IBL Modaraba(FIBLM)	11.50 ▼ -0.73 (-5.97%)
Quantum Data Tech. / Jun 10 Quantum Data Technologies Limited(QTECH)	32.20 ▼ -2.03 (-5.93%)
Security Investment Bank / Jun 10 Security Investment Bank Limited(SIBL)	7.20 ▼ -0.44 (-5.76%)
Grays Leasing / Jun 10 Grays Leasing Limited(GRYL)	21.70 ▼ -1.31 (-5.69%)

Stock	Volume
TPL Properties / Jun 10 TPL Properties Limited(TPLP)	63,737,085 ▲ 0.09
TPL Corp Ltd / Jun 10 TPL Corp Limited(TPL)	40,626,361 ▲ 0.32
Telecard Limited / Jun 10 Telecard Limited(TELE)	40,238,477 ▲ 0.12
Loads Limited / Jun 10 Loads Limited(LOADS)	33,866,305 ▲ 0.68
Oilboy Energy / Jun 10 Oilboy Energy Limited(OBOY)	30,153,254 ▲ 1.85
Amreli Steels / Jun 10 Amreli Steels Limited(ASTL)	27,013,807 ▲ 0.61
Agha Steel Ind. / Jun 10 Agha Steel Ind.Ltd(AGHA)	21,875,782 ▲ 0.29
WorldCall Telecom / Jun 10 Worldcall Telecom Limited(WTL)	21,604,281 ▼ -0.01
TPL REIT Fund I / Jun 10 TPL REIT Fund I(TPLRF1)	20,436,423 ▲ 0.01
Beco Steel Ltd / Jun 10 Beco Steel Limited(BECO)	18,815,133 ▼ -0.02