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Archive - 2007-06-28
KSE 100-index hits all time high

KSE 100-index hits all time high

Karachi share market continued its upward journey with making new records as the benchmark KSE-100 index hit all time intra-day high of 13,682.72 points level on the back of fresh buying mainly in oil and banking sectors by local and foreign investors on
Published 28 Jun, 2007 12:00am
KSE 100-index hits all time high

KSE 100-index hits all time high

Karachi share market continued its upward journey with making new records as the benchmark KSE-100 index hit all time intra-day high of 13,682.72 points level on the back of fresh buying mainly in oil and banking sectors by local and foreign investors on
Published 28 Jun, 2007 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
KSE 100-index hits all time high

KSE 100-index hits all time high

Karachi share market continued its upward journey with making new records as the benchmark KSE-100 index hit all time intra-day high of 13,682.72 points level on the back of fresh buying mainly in oil and banking sectors by local and foreign investors on
Published 28 Jun, 2007 12:00am
BRIndex30 gains 146.55 points

BRIndex30 gains 146.55 points

On Wednesday, BRIndex30 opened in the positive zone at 15,180.18 and remained there for whole of the trading time. It closed at 15,322.82 with a net positive change of 146.55 points and percentage change of 0.97.
Published 28 Jun, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 27, 2007).
Published 28 Jun, 2007 12:00am
BRIndex30 gains 146.55 points

BRIndex30 gains 146.55 points

On Wednesday, BRIndex30 opened in the positive zone at 15,180.18 and remained there for whole of the trading time. It closed at 15,322.82 with a net positive change of 146.55 points and percentage change of 0.97.
Published 28 Jun, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
Generator prices go up

Generator prices go up

Generators prices in the local market have gone up to Rs 10,000 in the wake of rising demand and delay in the release of stuck up containers at Karachi port, importers and traders said.
Published 28 Jun, 2007 12:00am
Generator prices go up

Generator prices go up

Generators prices in the local market have gone up to Rs 10,000 in the wake of rising demand and delay in the release of stuck up containers at Karachi port, importers and traders said.
Published 28 Jun, 2007 12:00am
Generator prices go up

Generator prices go up

Generators prices in the local market have gone up to Rs 10,000 in the wake of rising demand and delay in the release of stuck up containers at Karachi port, importers and traders said.
Published 28 Jun, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
Supreme Court will resolve judicial crisis: Ramday

Supreme Court will resolve judicial crisis: Ramday

The head of the 13-member Supreme Court Full Bench, Justice Khalilur Rehman Ramday, on Wednesday described the petition of Chief Justice as not a simple case but a national judicial crisis. He said that the whole nation was suffering from this crisis.
Published 28 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
Pakistan approaches OIC against UK government

Pakistan approaches OIC against UK government

Foreign Office Spokesperson Tasnim Aslam on Wednesday said that Organisation of the Islamic Conference (OIC) has been formally approached to adopt unanimous resolution and effective action against the British government's decision to give title of sir to
Published 28 Jun, 2007 12:00am
LSE equities depict upward movement

LSE equities depict upward movement

Share prices depicted an upward movement on Lahore Stock Exchange (LSE) on Wednesday, following a buying interest in oil and gas sector, refineries, Javed Omer Vohra & Co, and cement. Volume also showed firmness.
Published 28 Jun, 2007 12:00am
LSE equities depict upward movement

LSE equities depict upward movement

Share prices depicted an upward movement on Lahore Stock Exchange (LSE) on Wednesday, following a buying interest in oil and gas sector, refineries, Javed Omer Vohra & Co, and cement. Volume also showed firmness.
Published 28 Jun, 2007 12:00am
ISE equities show healthy signs

ISE equities show healthy signs

Equities showed healthy signs on Wednesday under the lead of hot favourite at the Islamabad Stock Exchange. ISE Ten Index showed an increase of 20.05 points as the index moved fromm 2,694.48 to 2,714.53 points.
Published 28 Jun, 2007 12:00am
ISE equities show healthy signs

ISE equities show healthy signs

Equities showed healthy signs on Wednesday under the lead of hot favourite at the Islamabad Stock Exchange. ISE Ten Index showed an increase of 20.05 points as the index moved fromm 2,694.48 to 2,714.53 points.
Published 28 Jun, 2007 12:00am
UK consumers feel pain from higher interest rates

UK consumers feel pain from higher interest rates

British retail sales slowed more than expected in June and mortgage approvals fell on the year last month, indicating higher interest rates may be starting to bite.
Published 28 Jun, 2007 12:00am
Woodrow and Wimpey warn of slower UK housing market

Woodrow and Wimpey warn of slower UK housing market

Interest rate rises are taking the steam out of Britain's once red-hot housing market, builders Taylor Woodrow and George Wimpey warned on Wednesday, sending their shares down nearly 3 percent.
Published 28 Jun, 2007 12:00am
UBL adjudged 'best domestic bank'

UBL adjudged 'best domestic bank'

United Bank Limited (UBL) has won the coveted "Asiamoney" award for the "Best Domestic Bank in Pakistan 2007". The award has been conferred on the bank on the basis of polls conducted by the publication this year. The award is widely seen as an endorsemen
Published 28 Jun, 2007 12:00am
UBL adjudged 'best domestic bank'

UBL adjudged 'best domestic bank'

United Bank Limited (UBL) has won the coveted "Asiamoney" award for the "Best Domestic Bank in Pakistan 2007". The award has been conferred on the bank on the basis of polls conducted by the publication this year. The award is widely seen as an endorsemen
Published 28 Jun, 2007 12:00am
UBL adjudged ''best domestic bank''

UBL adjudged ''best domestic bank''

United Bank Limited (UBL) has won the coveted "Asiamoney" award for the "Best Domestic Bank in Pakistan 2007". The award has been conferred on the bank on the basis of polls conducted by the publication this year. The award is widely seen as an endorsemen
Published 28 Jun, 2007 12:00am
Cyclone threat, rains: port activities remained unaffected

Cyclone threat, rains: port activities remained unaffected

Despite tropical cyclone in the Arabian Sea followed by heavy rainfall in the port city, port activities remained unaffected as the Karachi Port Trust (KPT) has taken precautionary steps to cope with any untoward situation.
Published 28 Jun, 2007 12:00am
Cyclone threat, rains: port activities remained unaffected

Cyclone threat, rains: port activities remained unaffected

Despite tropical cyclone in the Arabian Sea followed by heavy rainfall in the port city, port activities remained unaffected as the Karachi Port Trust (KPT) has taken precautionary steps to cope with any untoward situation.
Published 28 Jun, 2007 12:00am
Cyclone threat, rains: port activities remained unaffected

Cyclone threat, rains: port activities remained unaffected

Despite tropical cyclone in the Arabian Sea followed by heavy rainfall in the port city, port activities remained unaffected as the Karachi Port Trust (KPT) has taken precautionary steps to cope with any untoward situation.
Published 28 Jun, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Jun, 2007 12:00am
Iron sheets can be imported from India up to December

Iron sheets can be imported from India up to December

The government has decided to further amend Import Policy Order, 2006, allowing import of iron sheets from India via land route for exclusive use in earthquake affected areas up to December instead of March.
Published 28 Jun, 2007 12:00am
Iron sheets can be imported from India up to December

Iron sheets can be imported from India up to December

The government has decided to further amend Import Policy Order, 2006, allowing import of iron sheets from India via land route for exclusive use in earthquake affected areas up to December instead of March.
Published 28 Jun, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
Iron sheets can be imported from India up to December

Iron sheets can be imported from India up to December

The government has decided to further amend Import Policy Order, 2006, allowing import of iron sheets from India via land route for exclusive use in earthquake affected areas up to December instead of March.
Published 28 Jun, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 Jun, 2007 12:00am
US lawmakers want direct access to Abdul Qadeer Khan

US lawmakers want direct access to Abdul Qadeer Khan

US lawmakers have demanded direct access to Dr Abdul Qadeer Khan claiming that Dr A Q Khan's nuclear proliferation network is still functioning and can not be shut without his co-operation, according to a private TV channel here on Wednesday.
Published 28 Jun, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Jun, 2007 12:00am
Moon comes closer to Jupiter today

Moon comes closer to Jupiter today

The Moon is coming closer to the planet Jupiter and it will be passing under Jupiter on Thursday (June 28). The Jupiter is the second brightest planet nowadays and can be seen in the Southeast direction two hours after sunset, according to Pakistan Space
Published 28 Jun, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Jun, 2007 12:00am
Rangers starts relief work in Mubarak Village

Rangers starts relief work in Mubarak Village

Pakistan Rangers, Sindh, has started relief work in Mubarak village, 65 kilometres from here. But Pakistan Fisherfolk Forum (PFF) told Business Recorder here on Wednesday that other coastal areas like Deh Lal Bhakkar, Deh Allah Banno and other vill
Published 28 Jun, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
Pakistan asked to protect Chinese

Pakistan asked to protect Chinese

China has asked Pakistan to better safeguard Chinese people and businesses after workers at a Chinese massage centre in Islamabad were abducted by religious students on a crusade against vice, the Xinhua news agency said.
Published 28 Jun, 2007 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
'Pakistan ahead in developing protective environment for children'

'Pakistan ahead in developing protective environment for children'

Parliaments from Saarc countries again pledged to protect children from a number of dangers such as trafficking, violence, sex exploitation and to bring parliamentary interventions to save children from this menace. The pledge was made at the three days r
Published 28 Jun, 2007 12:00am
Mushahid asks PML workers to be ready for polls

Mushahid asks PML workers to be ready for polls

Secretary General Pakistan Muslim League (Q) Senator Mushahid Hussain Syed has asked his party workers to start preparations for upcoming general elections, adding that PML would hold party conventions at district level to mobilise the workers.
Published 28 Jun, 2007 12:00am
Lal Masjid Imam threatens to issue jehad decree

Lal Masjid Imam threatens to issue jehad decree

Maulana Abdul Aziz of Lal Masjid has warned that he will issue a decree of Jehad if the government failed to withdraw contingents of Rangers and Elite Force from the neighbourhood of the masjid. He said the government had deployed rangers and contingents
Published 28 Jun, 2007 12:00am
US consul general meets IGP

US consul general meets IGP

US Consul General Mary H Witt called on Sindh Inspector General Police (IGP) Ziaul Hassan Khan at Central Police Office here on Wednesday and exchanged views on the matters of mutual interest, including provision of modern training facilities to the provi
Published 28 Jun, 2007 12:00am
PTCL extends date

PTCL extends date

Pakistan Telecommunication Company Limited (PTCL) has extended the date of telephone bills payment due to heavy rains in the city. According to a press release issued here on Thursday, due to shortage of staff, the banks had refused to collect the bills o
Published 28 Jun, 2007 12:00am
Wapda extends relief package date

Wapda extends relief package date

Pakistan Water and Power Development Authority (Wapda) has extended its relief package announced for permanently disconnected consumers up to December 31, 2007. According to this package, the consumers who had been permanently disconnected for at least fi
Published 28 Jun, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
PTCL disables connectivity of CITL without notice

PTCL disables connectivity of CITL without notice

Pakistan Telecommunication Company Limited (PTCL) on Wednesday disabled the connectivity of country's active operator of Long Distance and International (LDI) Callmate Telips Telecom Limited (CTTL) without prior notice. This move has compelled the operato
Published 28 Jun, 2007 12:00am
BEd and MEd admissions from July 2

BEd and MEd admissions from July 2

The University of Karachi on Wednesday announced that admissions to BEd and MEd classes for the session 2007-08 in all its affiliated colleges will start from July 2, 2007. The admission forms can be submitted from July 5 to 20 and admission tests will be
Published 28 Jun, 2007 12:00am
THE RUPEE: dollar dips further

THE RUPEE: dollar dips further

The rupee extended its overnight gains against dollar in the interbank market on Wednesday as it picked up four paisa for buying at Rs 60.53 and rose by five paisa for selling at Rs 60.54, dealers said. High inflows of dollars enabled the rupee to retain
Published 28 Jun, 2007 12:00am
Intermittent rain today

Intermittent rain today

Met office has forecast cloudy weather with intermittent rain during next 24 hours in the metropolis. Minimum temperature will be in the range of 31 degree centigrade to 33 degree centigrade. Minimum temperature on Wednesday was recorded 26.5 degree centi
Published 28 Jun, 2007 12:00am
THE RUPEE: dollar dips further

THE RUPEE: dollar dips further

The rupee extended its overnight gains against dollar in the interbank market on Wednesday as it picked up four paisa for buying at Rs 60.53 and rose by five paisa for selling at Rs 60.54, dealers said. High inflows of dollars enabled the rupee to retain
Published 28 Jun, 2007 12:00am
Acting President of PJBF

Acting President of PJBF

Vice-President of Pakistan-Japan Business Forum (PJBF) Majyd Aziz has taken over as acting President of PJBF during the absence of PJBF President Abdul Kader Jaffer and Senior Vice- Masahiru Domichi. He will also preside over the executive committee meeti
Published 28 Jun, 2007 12:00am
Ghani made Honorary consul of Botswana

Ghani made Honorary consul of Botswana

Ministry of Foreign Affairs Botswana, has appointed Ghani as their Honorary Consul at Karachi, which has been duly approved by the Government of Pakistan. Muhammad Faruq Ghani, is a prominent legal consultant on Industrial Relations and a entrepreneur.
Published 28 Jun, 2007 12:00am
Japanese embassy holds self-defence forces day

Japanese embassy holds self-defence forces day

Ambassador Seiji Kojima of Japan and his wife Taji hosted a reception to celebrate the 53rd anniversary of self-defence forces day, here on Wednesday. Chief of Pakistan Air Force Air Chief Marshal Tanvir Mehmood was the chief guest.
Published 28 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
LCCI demands withdrawal of Section 8 B in Sales Tax Act

LCCI demands withdrawal of Section 8 B in Sales Tax Act

The Lahore Chamber of Commerce and Industry (LCCI) has urged the Central Board of Revenue (CBR) to withdraw section 8 B of the Sales Tax Act 1990 for being totally against the business ethics.
Published 28 Jun, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
Agriculture produces, marketing laws being revised

Agriculture produces, marketing laws being revised

Agriculture produces and marketing laws are being revised to allow private sector for setting up markets and to restrict collection/levy of market fee with in markets only.
Published 28 Jun, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (June 27, 2007) and for Thursday (June 28, 2007).
Published 28 Jun, 2007 12:00am
Media workshop

Media workshop

Participants of first media workshop led by President, National Defence University Lieutenant General Raza Muhammad Khan visited Naval Headquarters on Tuesday.
Published 28 Jun, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 27, 2007).

Published 28 Jun, 2007 12:00am
Provincial Assembly passes Sindh budget 2007-08

Provincial Assembly passes Sindh budget 2007-08

The Sindh Assembly on Wednesday passed 2007-2008 Budget of Sindh after adopting Sindh Finance Bill, 2007 in its session with Speaker Syed Muzaffar Hussain Shah in the chair.
Published 28 Jun, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, June 28, 2007.

Published 28 Jun, 2007 12:00am
Provincial Assembly passes Sindh budget 2007-08

Provincial Assembly passes Sindh budget 2007-08

The Sindh Assembly on Wednesday passed 2007-2008 Budget of Sindh after adopting Sindh Finance Bill, 2007 in its session with Speaker Syed Muzaffar Hussain Shah in the chair.
Published 28 Jun, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, June 28, 2007.

Published 28 Jun, 2007 12:00am
CDGK budget session delayed till June 30

CDGK budget session delayed till June 30

The City District Government Karachi (CDGK) has postponed the budget session, scheduled for Wednesday (June 27), till June 30. City Naib Nazim Nasreen Jalil told Business Recorder on Tuesday.
Published 28 Jun, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, June 28, 2007.

Published 28 Jun, 2007 12:00am
Punjab Assembly approves Rs 70.20 billion demands for grants

Punjab Assembly approves Rs 70.20 billion demands for grants

Punjab Assembly on Wednesday approved Rs 70.20 billion demands for grants for supplementary budget 2006-07,including Rs 3.51 billion demand for excess budget grant for 2000-2001. The cut motions by the opposition benches on these demands were rejected in
Published 28 Jun, 2007 12:00am
Rs 5.437 billion tax-free budget for Rawalpindi approved

Rs 5.437 billion tax-free budget for Rawalpindi approved

The City District Assembly Rawalpindi has approved tax-free budget of Rs 5.437 billion for the fiscal 2007-08. City District Nazim, Raja Javed Ikhlas presented the budget in the District Assembly session, which met with Convenor and Naib Nazim, Muhammad A
Published 28 Jun, 2007 12:00am
Rs 5.437 billion tax-free budget for Rawalpindi approved

Rs 5.437 billion tax-free budget for Rawalpindi approved

The City District Assembly Rawalpindi has approved tax-free budget of Rs 5.437 billion for the fiscal 2007-08. City District Nazim, Raja Javed Ikhlas presented the budget in the District Assembly session, which met with Convenor and Naib Nazim, Muhammad A
Published 28 Jun, 2007 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 28 Jun, 2007 12:00am
New York cotton

New York cotton

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

Published 28 Jun, 2007 12:00am
New York cotton

New York cotton

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

Published 28 Jun, 2007 12:00am
Sessi presents Rs 1.262 billion budget

Sessi presents Rs 1.262 billion budget

Sindh Employees' Social Security Institutions (SESSI) has presented Rs 1.262 billion budget for the next fiscal year, showing a surplus of Rs 179.722 million.
Published 28 Jun, 2007 12:00am
The Weather

The Weather

The weather report on Wednesday (June 27, 2007) and the forecast for Thursday (June 28, 2007).
Published 28 Jun, 2007 12:00am
Sessi presents Rs 1.262 billion budget

Sessi presents Rs 1.262 billion budget

Sindh Employees' Social Security Institutions (SESSI) has presented Rs 1.262 billion budget for the next fiscal year, showing a surplus of Rs 179.722 million.
Published 28 Jun, 2007 12:00am
Quetta gas pipeline ruptured

Quetta gas pipeline ruptured

Quetta gas transmission pipeline passing through Bolan River bed between Dhadar and Gokart ruptured at 1405 hours on Wednesday due to flash flood caused by heavy rains in the catchment area. The road leading to rupture site has also been damaged and the p
Published 28 Jun, 2007 12:00am
Teachers training on sanitation, hygiene education by December

Teachers training on sanitation, hygiene education by December

In order to promote appropriate hygiene behaviour and sustainable use of water and sanitation facilities in schools, over 400 school teachers and administrators will be trained on life skills-based health and hygiene education with the assistance of Unice
Published 28 Jun, 2007 12:00am
Trust rejects Rs 22.5 million compensation for demolition of mosque

Trust rejects Rs 22.5 million compensation for demolition of mosque

Majid Qadri, Madressah and Mazar Trust on Wednesday refused to accept Rs 22.5 million compensation offered by City District Government Karachi's (CDGK) for proposed demolition of said Mosque in PIB Colony, which comes under Lyari Expressway project.
Published 28 Jun, 2007 12:00am
No funds allocated for parking lots

No funds allocated for parking lots

People are facing shortage of parking lots as the Multan Development Authority (MDA) has made no allocation for the construction of parking areas in its budget, approved for financial year 2007-08.
Published 28 Jun, 2007 12:00am
Cotton growers advised to adopt Brazilian pattern

Cotton growers advised to adopt Brazilian pattern

Pakistan's farmers can learn a lot from their Brazilian counterparts to increase their per acre yield of cotton, said the Director, Central Cotton Research Institute (CCRI) Muhammad Arshad here on Wednesday.
Published 28 Jun, 2007 12:00am
Sher Afgan meets Musharraf

Sher Afgan meets Musharraf

Minister for Parliamentary Affairs Sher Afgan Niazi on Wednesday met President General Pervez Musharraf at his Camp Office in Rawalpindi. Sher Afgan told APP that he invited the President to visit Mianwali where he was earlier scheduled to travel this mon
Published 28 Jun, 2007 12:00am
'Efforts on to curb drug trafficking'

'Efforts on to curb drug trafficking'

Federal Minister for Narcotics Control Ghous Bux Mahar has said that his Ministry is making hectic efforts to curb use of narcotics, which is being smuggled from Afghanistan, adding Pakistan had become victim being a transit country.
Published 28 Jun, 2007 12:00am
USAID reiterates to provide clean energy for Pakistan

USAID reiterates to provide clean energy for Pakistan

The US Agency for International Development (USAID) reaffirmed on Tuesday its commitment towards helping to provide clean energy and energy security for Pakistan at the conclusion of a two-day Renewable Energy Symposium co-sponsored by the Federation of P
Published 28 Jun, 2007 12:00am
Senate holds seminars on law makers' role

Senate holds seminars on law makers' role

The director of Inter-Parliamentary Union (IPU) Nora and Secretary General Anders B Johnson arrived in Islamabad on Tuesday morning to attend a three-day regional seminar. The Senate is hosting the seminars in collaboration with the UNDP and the IPU.
Published 28 Jun, 2007 12:00am
Seminar on legislative drafting held

Seminar on legislative drafting held

Senator Anwar Bhinder here on Tuesday organised a one-day seminar with the co-operation of the IPU and the UNDP on 'Legislative Drafting'. In his opening remarks, Bhinder said that it is the parliamentarians' dream to pilot original piece of legislation.
Published 28 Jun, 2007 12:00am
Aids, HIV cases on rise in Pakistan

Aids, HIV cases on rise in Pakistan

In Pakistan the number of HIV positive cases is increasing day-by-day and this highly sensitive issue must be highlighted by the government to create awareness among the common people. Tasneem Ahmar, said this while addressing the concluding session of th
Published 28 Jun, 2007 12:00am
AIDS awareness: Shell and Marie Stopes sign agreement

AIDS awareness: Shell and Marie Stopes sign agreement

Shell Pakistan Limited and Marie Stopes Society have signed an agreement to work jointly for raising awareness about HIV/AIDS among people. In this connection both the organisations jointly conducted one-day HIV/AIDS awareness and free screening camp at S
Published 28 Jun, 2007 12:00am
NBP Karobar scheme being launched

NBP Karobar scheme being launched

The National Bank of Pakistan (NBP) is planning to launch marketing program for the President's Rozgar Scheme, branded as NBP Karobar, for giving more people the chance to avail the opportunity. This is the first ever public-private partnership scheme in
Published 28 Jun, 2007 12:00am
Sindh most urbanised province of country: UNFPA

Sindh most urbanised province of country: UNFPA

The world population report 2007 launched by UNFPA on Wednesday highlighted the unprecedented shift of the worlds' population towards the urban areas that could both enhance development and promote sustainability or deepen poverty and accelerate environme
Published 28 Jun, 2007 12:00am
Tourism price index up 11.3 percent

Tourism price index up 11.3 percent

The general tourism price index increased by 11.3 percent during 2005-06 over the previous year, giving an impetus to the flow of tourism after 9/11.
Published 28 Jun, 2007 12:00am
'Next year to be tax net broadened year'

'Next year to be tax net broadened year'

Income Tax Commissioner, Islamabad zone, Aziz Ahmed Bilour has said the government would make all out efforts to increase the number of taxpayers and the next fiscal will be the 'tax net broadened year.'
Published 28 Jun, 2007 12:00am
Rawalpindi police bust inter-provincial kidnappers' gang

Rawalpindi police bust inter-provincial kidnappers' gang

The Rawalpindi Police Wednesday got four kidnapped persons released from captivity after it busted an inter-provincial gang and arrested two, including the ringleader. Kidnapping cases were registered in police stations of R A Bazar, Airport, Tarnol and S
Published 28 Jun, 2007 12:00am
Quake-hit areas: ADB to provide $400 million loan to rebuild homes

Quake-hit areas: ADB to provide $400 million loan to rebuild homes

The Asian Development Bank (ADB) will provide Pakistan government a 400 million dollars soft loan to rebuild homes hit by the 2005 earthquake. This loan carries an interest rate of one percent a year and a maturity of 40 years including a grace period of
Published 28 Jun, 2007 12:00am
Security beefed up in Rawalpindi

Security beefed up in Rawalpindi

Rawalpindi Police have intensified security after receiving the directives from the Interior Ministry regarding the suicide attacks. Uniformed and plain cloth police and other law-enforcement agency personnel were deployed at Airport, Railway Stations, ma
Published 28 Jun, 2007 12:00am
SECP and LSE board discuss capital market issues

SECP and LSE board discuss capital market issues

The Board of Directors of Lahore Stock Exchange (LSE) held a meeting with Rashid Malik, Commissioner, Securities and Exchange Commission of Pakistan (SECP), at the regional office of SECP here on Wednesday and discussed a wide range of issues related to s
Published 28 Jun, 2007 12:00am
PSMA demand termed destructive

PSMA demand termed destructive

Farmers Associates Pakistan (FAP) expressing its concern over the demand of the Pakistan Sugar Mills Association (PSMA) Punjab Zone for fixation of support price of sugarcane at Rs 45 instead of Rs 60 has termed this demand as destructive for the farmers.
Published 28 Jun, 2007 12:00am
Supreme Court takes suo motu action against housing society

Supreme Court takes suo motu action against housing society

Justice Javed lqbal of Supreme Court of Pakistan has taken suo motu action against a housing society, Rufi Global City Housing Society, Karachi on a complaint. Justice Javed Iqbal has directed the Registrar Cooperative Societies, Karachi to submit report
Published 28 Jun, 2007 12:00am
BoP and Warid Telecom ink deal

BoP and Warid Telecom ink deal

The Bank of Punjab (BoP) has signed "affinity agreement" with Warid Telecom Pvt Limited. Hamesh Khan, president of the Bank of Punjab and Hamid Farooq, chief executive officer Warid Telecom signed the agreement on behalf of their organisations.
Published 28 Jun, 2007 12:00am
Billboard owners told to strengthen structures

Billboard owners told to strengthen structures

All advertisers, owners of advertisement boards and building owners in the jurisdiction of Faisalabad City District Government have been asked, through a Notice, by the City District Nazim, Zahid Tauseef to ensure strengthening of the foundations and stru
Published 28 Jun, 2007 12:00am
Imran flays more troops deployment in Waziristan

Imran flays more troops deployment in Waziristan

Pakistan Tahreek-e-Insaf Chairman Imran Khan has condemned the deployment of more Pakistani troops in Waziristan. He said that it has been ordered by General Pervez Musharraf to please the US.
Published 28 Jun, 2007 12:00am
Qazi sees voter lists full of errors

Qazi sees voter lists full of errors

President of Muttahida Majlis-e-Amal (MMA) Qazi Hussain Ahmad has said that the opposition would strongly resist if General Pervez Musharraf tried to get himself re-elected as president through the present assemblies.
Published 28 Jun, 2007 12:00am
20 suspects arrested in Karachi

20 suspects arrested in Karachi

Twenty suspects were arrested from different parts of the city during last 24-hours, said Karachi Police on Wednesday. Three suspects were taken into custody within jurisdictions of Orangi Town police station. Two TT pistols, a dagger and snatched money w
Published 28 Jun, 2007 12:00am
Sindh government to build 278.6-km coastal highway

Sindh government to build 278.6-km coastal highway

Sindh Chief Minister has approved a summary for the construction of Sindh Coastal Highway, with new alignment of Super Highway, to Sehwan and new alternative road via Khokhrapar-Malir-Memon Goth-Darsano Chano-Haleji-Jhimpir-Jhirk-Mulla Katyar-Umerkot.
Published 28 Jun, 2007 12:00am
KESC to pay compensation for electrocution deaths: Ibad

KESC to pay compensation for electrocution deaths: Ibad

Sindh Governor Dr Ishrat-ul-Ibad Khan has said that the Karachi Electric Supply Corporation (KESC) would provide compensation to heirs of those who lost their lives due to electrocution in the city during recent rains.
Published 28 Jun, 2007 12:00am
Meezan Bank introduces Bachat saving account

Meezan Bank introduces Bachat saving account

Meezan Bank, the first and largest Islamic bank of Pakistan, has introduced a unique Islamic saving account, Meezan Bachat Account, designed exclusively for the middle-income class in Pakistan. Chief Operating Officer of Meezan Bank Ariful Islam, launched
Published 28 Jun, 2007 12:00am
MAP seminar

MAP seminar

A seminar 'Islamic Banking a complete Business Solution' is being organised by the Management Association of Pakistan (MAP) at a hotel here, on Thursday.
Published 28 Jun, 2007 12:00am
Lahore High Court summons PIA officials

Lahore High Court summons PIA officials

The Lahore High Court (LHC) adjourned till September 27 the proceedings in a contempt petition filed against Pakistan International Airline (PIA) and directed the respondent officials to regularise the petitioner Nazir and others working as passenger serv
Published 28 Jun, 2007 12:00am
Landi Renzo to set up CNG kits assembly plant in Karachi

Landi Renzo to set up CNG kits assembly plant in Karachi

Landi Renzo will soon set up a plant to assemble kits of compressed natural gas (CNG) here, said Italian Consul General Domenico Benincasa on Wednesday. Addressing third annual meeting of the Diplomatic Affairs Sub-committee of Karachi Chamber of Commerce
Published 28 Jun, 2007 12:00am
PPP voices concern over PAC office fire

PPP voices concern over PAC office fire

Sherry Rehman, Information Secretary, Pakistan Peoples Party has expressed concern over the mysterious fire at the Service Branch of Public Accounts Committee at the National Assembly building on Tuesday night. In a statement issued on Wednesday, she said
Published 28 Jun, 2007 12:00am
Opposition members spoke over 26 hours in budget debate

Opposition members spoke over 26 hours in budget debate

Statistics is now available about the time consumed during the general debate in the National Assembly in six days, from June 12 to 17. It was learnt that as many as 110 Opposition members participated in the six-day general debate on the budget in the Na
Published 28 Jun, 2007 12:00am
Karachi University holds seminar on fisheries

Karachi University holds seminar on fisheries

Pakistan Agricultural Research Council (Parc), the apex research organisation, has actively taken up development of inland and marine fisheries sector along with livestock, and poultry industries, this was stated by Professor Dr Shahana Urooj Kazmi, membe
Published 28 Jun, 2007 12:00am
Pacra maintains entity and TFC ratings of Soneri Bank

Pacra maintains entity and TFC ratings of Soneri Bank

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Soneri Bank Limited at AA- (Double A minus) and A1+ (A one plus), respectively. These ratings denote a very low expectation of credit risk emanating fr
Published 28 Jun, 2007 12:00am
Pacra maintains entity and TFC ratings of Soneri Bank

Pacra maintains entity and TFC ratings of Soneri Bank

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Soneri Bank Limited at AA- (Double A minus) and A1+ (A one plus), respectively. These ratings denote a very low expectation of credit risk emanating fr
Published 28 Jun, 2007 12:00am
Pakistan Post gets Club 500 Award 2005-06

Pakistan Post gets Club 500 Award 2005-06

The Western Union (WU) , a leading money transfer company, has chosen the Pakistan Post for its Club 500 Award 2005-06 for its best performance. The award was given to the Pakistan Post director general in an impressive ceremony on Saturday.
Published 28 Jun, 2007 12:00am
Philippines to sell corporate assets to cover tax shortfall

Philippines to sell corporate assets to cover tax shortfall

Substantial Philippine government stakes in the corporate sector including in brewer San Miguel Corp are to be auctioned to cover shortfalls in tax collection, Finance Secretary Margarito Teves said Wednesday.
Published 28 Jun, 2007 12:00am
Warid Telecom's performance highlighted

Warid Telecom's performance highlighted

The Warid Telecom is one of the largest global roaming networks in Pakistan at over 125 destinations. This network was established by entering into roaming agreements with 175 leading international mobile service operators around the world within a short
Published 28 Jun, 2007 12:00am
Rise in NSS rates

Rise in NSS rates

Investors in National Saving Schemes (NSS) were expecting announcement of a raise in the rate of their profits at the time of the budget, but were disappointed when the budget did not contain any news to that effect. However, a move in the desired directi
Published 28 Jun, 2007 12:00am
Rain havoc in Karachi

Rain havoc in Karachi

The death toll from the "pre-monsoon" rains accompanied by strong winds, rising to over 200 in two days was cataclysmic in its own way. Another grim dimension to the tragedy was added by the sweltering heat of several weeks and the utter failure of the ne
Published 28 Jun, 2007 12:00am
Indirect taxation: moving towards controlled self-assessment

Indirect taxation: moving towards controlled self-assessment

After reviewing the amendments made in the Sales Tax and Federal Excise Law, I would second the statement made by the Minister of State for Finance that the tax policies of the government have been consistent over the years. Yet indeed, the 'inconsistency
Published 28 Jun, 2007 12:00am
Tears and fears as US family sees son off to war

Tears and fears as US family sees son off to war

They gathered to send Aaron Emerson off to war. His father cursed, his grandmother cried, his mother was just numb. In the big yard of an old blue farmhouse, around a worn wooden table only partly shaded from the Kansas sun, parents, grandparents, aunts,
Published 28 Jun, 2007 12:00am
Steel prices

Steel prices

In your issue of 12th June 2007, your correspondent writes: "Steel prices shoot up by Rs 2,750 per tonne" and the reason given is the increase of GST by 5% in the recently announced Budget. Such type of headlines always creates panic amongst traders if no
Published 28 Jun, 2007 12:00am
Rain damage

Rain damage

Rainstorm and heavy rains have created havoc in the port city of Karachi. Despite the fact that we all know about the damages of rains and floods, the city government did not take sufficient preventive steps.
Published 28 Jun, 2007 12:00am
Efforts on to resolve street kids issues: Zobaida

Efforts on to resolve street kids issues: Zobaida

The Minister for Social Welfare and Special Education, Zobaida Jalal, has stated that the government is alive to the problems of the street children, runways, domestic child workers and children suffering from sexual abuse and trafficking.
Published 28 Jun, 2007 12:00am
Fire in the Parliament House: now and 13 years ago

Fire in the Parliament House: now and 13 years ago

Speaker Amir Hussain on Wednesday morning appointed a three-member committee to investigate the cause of fire that destroyed two rooms of the Services Branch of National Assembly on Tuesday evening. The committee is composed of Additional Secretary Shafiq
Published 28 Jun, 2007 12:00am
US MIDDAY: gold hits 5-1/2 month low

US MIDDAY: gold hits 5-1/2 month low

US gold futures hit a 5-1/2 month low early on Wednesday before retracing losses as worries about the subprime mortgage sector prompted jittery investors to sell commodities and liquidate holdings in bullion exchange-traded funds (ETF).
Published 28 Jun, 2007 12:00am
US MIDDAY: copper gains

US MIDDAY: copper gains

US copper futures erased earlier losses to edge higher in early trade on Wednesday, but analysts believed lingering concerns about global economic expansion would likely keep any rally in check.
Published 28 Jun, 2007 12:00am
US MIDDAY: soya slides

US MIDDAY: soya slides

The Chicago Board of Trade soyabean market was choppy on Wednesday, caught following the moves in wheat and corn after weeks of volatility, traders said.
Published 28 Jun, 2007 12:00am
US MIDDAY: wheat hits new high

US MIDDAY: wheat hits new high

Soft red winter wheat futures at the Chicago Board of Trade were mostly lower at midsession on Wednesday in a profit-taking setback after front-month July soared to a fresh 11-year high, traders said. The market was overbought and due for a downward corre
Published 28 Jun, 2007 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

Corn futures at the Chicago Board of Trade fell sharply early on Wednesday on outlooks for better crop weather next week in the US Midwest crop region, traders said. At 10:21 am CDT (1521 GMT), CBOT corn was down 2 to 10-1/2 cents per bushel, with July do
Published 28 Jun, 2007 12:00am
Gold touches three-month low in London

Gold touches three-month low in London

Gold hit its lowest in more than three months on Wednesday and silver touched its weakest in more than five months as commodities were hit by the latest wave of risk aversion in global financial markets.
Published 28 Jun, 2007 12:00am
Strikes support metals

Strikes support metals

Strikes supported industrial metals prices on Wednesday, reversing an early fall on fears about a general economic slowdown. Early weakness in prices hit London-listed mining firms, though copper and other metals ended the day with gains.
Published 28 Jun, 2007 12:00am
US corn area seen expanding

US corn area seen expanding

Corn plantings in the United States, already pegged at the highest in over 60 years in a March government report, are expected to expand even more, according to analysts' polled by Reuters. "I went up a little on corn acres because of the high price for c
Published 28 Jun, 2007 12:00am
New York cotton futures stay higher

New York cotton futures stay higher

US cotton ended up a second straight session on Wednesday, underpinned by market expectations for a bullish plantings report due later in the week, traders said. Seasonal short covering by funds also helped cotton futures on the New York Board of Trade st
Published 28 Jun, 2007 12:00am
Oil jumps as US fuel inventories fall

Oil jumps as US fuel inventories fall

Oil rose sharply on Wednesday after a US government report showed a surprise drop in fuel inventories in the world's top consumer, renewing concern about supply in the midst of peak summer driving demand. US stockpiles of gasoline and distillates dropped
Published 28 Jun, 2007 12:00am
US bids for India wheat tenders unlikely

US bids for India wheat tenders unlikely

The United States is unlikely to bid for Indian wheat import tenders, even after talks between the governments, because stringent quality requirements that blocked it from earlier tenders remain, a US industry group official said.
Published 28 Jun, 2007 12:00am
Drought develops in China's corn and soyabean areas

Drought develops in China's corn and soyabean areas

Drought in China's north-east, the country's top corn and soyabean region, is likely to last for another week at least and could seriously undermine grains production, agricultural officials said on Wednesday.
Published 28 Jun, 2007 12:00am
Britain's top share index dips

Britain's top share index dips

Britain's top share index dipped 0.5 percent on Wednesday, with banks and miners taking a lashing as investors worried about higher interest rates and how a troubled US subprime mortgage market may hit the US economy.
Published 28 Jun, 2007 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares dropped 0.9 percent on Wednesday for a fourth consecutive loss as foreign investors continued locking into gains in technology and financial stocks. But Samsung Card Co Ltd, South Korea's second-largest credit card firm, gained 28 percent in
Published 28 Jun, 2007 12:00am
Bonds: iTraxx jumps wider

Bonds: iTraxx jumps wider

European credit spreads moved wider again on Wednesday as relentless worries about a widespread fallout from the US subprime market continued to unnerve investors. The iTraxx Crossover, viewed as a barometer for risk appetite, moved sharply higher by 8 ba
Published 28 Jun, 2007 12:00am
Bonds: iTraxx jumps wider

Bonds: iTraxx jumps wider

European credit spreads moved wider again on Wednesday as relentless worries about a widespread fallout from the US subprime market continued to unnerve investors. The iTraxx Crossover, viewed as a barometer for risk appetite, moved sharply higher by 8 ba
Published 28 Jun, 2007 12:00am
US Stocks: Wednesday's midday trade

US Stocks: Wednesday's midday trade

US stocks were little changed in choppy trading on Wednesday, as higher oil prices lifted energy shares and gains in semi-conductor stocks offset earlier losses tied to a disappointing economic report.
Published 28 Jun, 2007 12:00am
Banks lead Chinese shares up

Banks lead Chinese shares up

Chinese main stock index surged 2.65 percent on Wednesday, led up by banks on the hope that authorities would cut the tax on interest from bank deposits, which could reduce pressure for further interest rate hikes.
Published 28 Jun, 2007 12:00am
Yen keeps upward movement

Yen keeps upward movement

The yen rose broadly and high yielders dipped on Wednesday as falling global equities, rising volatility and concerns about the US subprime mortgage sector made investors more wary of risky carry trades.
Published 28 Jun, 2007 12:00am
Pound plummets versus resurgent yen

Pound plummets versus resurgent yen

Sterling fell sharply against a resurgent Japanese yen on Wednesday as warnings against one-way bets in currency markets tempered investors' appetite for risk, causing them to cut exposure to carry trades.
Published 28 Jun, 2007 12:00am
Indian rupee slips

Indian rupee slips

The Indian rupee eased on Wednesday on ebbing global appetite for risky assets and month-end dollar purchases by oil companies, though losses were limited by exporters buying rupees on the dip, dealers said.
Published 28 Jun, 2007 12:00am
World must plan for urban milestone: UN

World must plan for urban milestone: UN

The world will reach a turning point next year when for the first time most of its population will be living in towns and cities, a UN agency said on Wednesday, warning the change must be managed carefully.
Published 28 Jun, 2007 12:00am
Maoists blow up India rail station

Maoists blow up India rail station

Maoist insurgents blew up a railway station and disrupted public transport across several Indian states on Wednesday, on the second day of a strike that highlighted their growing strength and national coordination.
Published 28 Jun, 2007 12:00am
Sri Lanka rebels kill four in raids on army and police

Sri Lanka rebels kill four in raids on army and police

Sri Lanka's Tamil Tigers attacked soldiers and rural police in two separate pre-dawn raids on Wednesday, killing four people, the military said, though the rebels said the death toll was higher. The clashes were the latest in a spree of near-daily land an
Published 28 Jun, 2007 12:00am
Iran fuel rations spark anger, pump stations burn

Iran fuel rations spark anger, pump stations burn

Angry Iranians torched pump stations and hurled abuse at President Mahmoud Ahmadinejad's government after the world's fourth-largest oil exporter said it was imposing fuel rationing on Wednesday.
Published 28 Jun, 2007 12:00am
Israeli forces kill 12 Palestinians

Israeli forces kill 12 Palestinians

Israeli forces killed at least 12 Palestinians, mostly gunmen but also a 12-year-old boy and other civilians, on Wednesday in the deadliest raid in the Gaza Strip since Hamas seized the territory, medical workers said.
Published 28 Jun, 2007 12:00am
EU backs anti-terror deal with US on bank data

EU backs anti-terror deal with US on bank data

The European Union approved a deal on Wednesday setting conditions for the US Treasury Department to consult records of the international banking network SWIFT in anti-terror probes, EU diplomats said. "We agreed on SWIFT," a diplomat said of an accord ai
Published 28 Jun, 2007 12:00am
Iraq bombings, shootings kill 17

Iraq bombings, shootings kill 17

Insurgents killed at least 17 people in bombings and shootings in Iraq on Wednesday, including nine policemen in attacks in northern Samarra town and near Kirkuk, security officials said. The predominantly Sunni town of Samarra was shaken by a roadside bo
Published 28 Jun, 2007 12:00am
Nigerian opposition agrees to join government

Nigerian opposition agrees to join government

Nigeria's largest opposition party will join the new government after the two sides agreed to work together on electoral reform and reviewing last-minute privatisations by the previous administration. The rival parties announced the deal on Wednesday afte
Published 28 Jun, 2007 12:00am
Sudan's presidential adviser dies in car accident

Sudan's presidential adviser dies in car accident

Sudan's powerful presidential adviser Majzoub al-Khalifa, who was key to signing last year's Darfur peace accord, died in a car accident in northern Sudan on Wednesday. "He died in a car accident on his way to Shendi. He and his brother were killed and ot
Published 28 Jun, 2007 12:00am
Brown replaces Blair as Britain's Prime Minister

Brown replaces Blair as Britain's Prime Minister

Gordon Brown replaced Tony Blair as Britain's prime minister on Wednesday and promised changes after a decade of Labour Party rule marred by a lack of trust in the government since the Iraq war.
Published 28 Jun, 2007 12:00am
Blair gets Middle East envoy post

Blair gets Middle East envoy post

The Middle East negotiating Quartet has appointed former British prime minister Tony Blair as its representative, the United Nations announced on Wednesday. Blair, who stepped down as premier on Wednesday, "has long demonstrated his commitment on these is
Published 28 Jun, 2007 12:00am
North Korea allows IAEA team to visit nuclear reactor

North Korea allows IAEA team to visit nuclear reactor

North Korea will allow a team of UN nuclear watchdog officials to visit the Yongbyon reactor it has agreed to shut down under a disarmament-for-aid deal, the International Atomic Energy Agency said on Wednesday.
Published 28 Jun, 2007 12:00am
Bush hails 'strong guy' Blair, rejects 'poodle' talk

Bush hails 'strong guy' Blair, rejects 'poodle' talk

US President George W Bush wrote a lengthy tribute to Prime Minister Tony Blair on his last day in power on Wednesday, describing him as "a strong guy" and dismissing claims that the British leader acted as his "poodle".
Published 28 Jun, 2007 12:00am
Europe heatwave toll rises

Europe heatwave toll rises

A heatwave has killed at least 35 people in parts of south-east Europe and hit wildlife and crops, from the humble toad in Greek lagoons to grain across the region, while fruit is ripening weeks early in Italy.
Published 28 Jun, 2007 12:00am
Bad tooth solves mystery of Egypt's pharaoh queen

Bad tooth solves mystery of Egypt's pharaoh queen

Archaeologists hailed one of the most important finds in Egyptian history on Wednesday after a tooth identified the 3,500-year-old mummy of Queen Hatshepsut, the most powerful female pharaoh.
Published 28 Jun, 2007 12:00am
Poland expects US missile shield deal by October

Poland expects US missile shield deal by October

Poland expects to sign an agreement with the United States by October to allow parts of a US anti-missile shield to be built on Polish soil, a Polish official was quoted as saying on Wednesday.
Published 28 Jun, 2007 12:00am
Saudi cops to face trial for death in custody

Saudi cops to face trial for death in custody

Saudi authorities said on Wednesday a member of the conservative Islamic kingdom's religious police would be tried over the death in custody of a Saudi man. Salman al-Huraisy, 28, died in Riyadh last month. His family say he was beaten to death by members
Published 28 Jun, 2007 12:00am
Ukraine Prime Minister ready for vote, but has reservations

Ukraine Prime Minister ready for vote, but has reservations

Ukraine's prime minister vowed on Wednesday to run in a September election following an accord that ended months of political deadlock, but said political decisions still had to be taken to make the poll legitimate.
Published 28 Jun, 2007 12:00am
India seeks to dispel fears over US carrier visit

India seeks to dispel fears over US carrier visit

India sought to calm on Wednesday opposition to the first port call by a US aircraft carrier, saying firm environmental measures were in place for the visit of the nuclear-powered vessel.
Published 28 Jun, 2007 12:00am
China detains officials over misuse of $6.2 billion

China detains officials over misuse of $6.2 billion

China has detained 28 officials following a national audit for their role in misusing more than $6.2 billion in government funds last year, China's top auditor said on Wednesday.
Published 28 Jun, 2007 12:00am
Indian soldiers paraded naked in IHK

Indian soldiers paraded naked in IHK

Hundreds of angry Kashmiri villagers paraded two Indian soldiers naked through the streets after they were "caught trying to rape" a 17-year-old girl, witnesses and newspaper reports said on Wednesday. Police said they were investigating the incident, whi
Published 28 Jun, 2007 12:00am
Roddick and Serena reach third round

Roddick and Serena reach third round

Muttering and mumbling throughout, Serena Williams looked a tortured soul at Wimbledon on Wednesday before finally reaching the third round. After rating her first-round performance as "two out of 10", Williams is unlikely to be satisfied with her ragged
Published 28 Jun, 2007 12:00am
Sri Lanka close to big win in first Test

Sri Lanka close to big win in first Test

Sri Lanka closed in on an innings victory in the first cricket Test after breaking Bangladesh's dour resistance with the bat here on Wednesday. Bangladesh, trailing by 488 runs on the first innings, were 233-5 in their second knock when bad light stopped
Published 28 Jun, 2007 12:00am
LDFRA seeks more activities of referees

LDFRA seeks more activities of referees

Lahore District Football Referee Association (LDFRA) in a meeting held here on Wednesday asked the new body of Pakistan Football Referees Association (PFRA) to enhance the referees activities in Pakistan.
Published 28 Jun, 2007 12:00am
Blue Football clinch tournament

Blue Football clinch tournament

Blue Football team put up fine display to clinch the IInd edition of Lahore School of Economics (LSE) Football Tournament 2007. They imposed 3-1 win over holders Gray Football team at picturesque LSE Football Ground, Burki Road here on Wednesday. It was r
Published 28 Jun, 2007 12:00am
Pakistan cricket team leaves for Scotland

Pakistan cricket team leaves for Scotland

Pakistan cricket team on Wednesday left here for Scotland to play one each one-day match against Scotland and India on July 1 & 3, respectively. Pakistan team would play against Scotland on July 1 while Prince Charles Trust organised a charity match betwe
Published 28 Jun, 2007 12:00am
Gymnasium for women to be constructed at UAF

Gymnasium for women to be constructed at UAF

A gymnasium for women would be constructed to provide physical fitness facilities to the students of UAF at new campus. This was stated by the UAF Vice Chancellor Professor Dr Bashir Ahmad while delivering presidential address in an engineers night ceremo
Published 28 Jun, 2007 12:00am
Hong Kong dollar weakens

Hong Kong dollar weakens

The Hong Kong dollar weakened slightly on Wednesday as steady investment funds flowing into the city were offset by interest rate arbitrage trades. The currency was trading at 7.8150/52 against the US dollar, down from 7.8130/31 in late Tuesday trade in A
Published 28 Jun, 2007 12:00am
Asian currencies: ringgit hits 14-week low

Asian currencies: ringgit hits 14-week low

The Indonesian rupiah and Philippine peso slipped further on Wednesday as investors cut riskier positions amid worries about the US subprime mortgage market, while the Malaysian ringgit hit a 14-week low.
Published 28 Jun, 2007 12:00am
Australian dollar drops to one-week low

Australian dollar drops to one-week low

The Australian dollar fell to a one-week low against the US dollar on Wednesday after investors dumped high-yielding currencies and assets as growing risk aversion enveloped global markets.
Published 28 Jun, 2007 12:00am
Yen gains across the board

Yen gains across the board

The yen firmed against the dollar and euro for a second day on Tuesday as worries about fallout in the US subprime mortgage sector prompted investors to unwind some trades funded by low rates in the Japanese currency.
Published 28 Jun, 2007 12:00am
Yen climbs up in Tokyo

Yen climbs up in Tokyo

The yen rose broadly on Wednesday as worries about the US subprime mortgage sector and a warning against one-way bets by Japan's finance minister in the previous session crimped investor appetite for yen carry trades.
Published 28 Jun, 2007 12:00am
Yuan ends lower

Yuan ends lower

China's yuan closed lower against the dollar on Wednesday after hitting a fresh post-revaluation high, as dealers saw room for a further correction in the currency after its gains of recent weeks.
Published 28 Jun, 2007 12:00am
Swiss franc ticks up

Swiss franc ticks up

The Swiss franc continued to tick up against the euro on Wednesday ahead of the release of the KOF leading indicator, as investor risk appetite that has pressured the franc in carry trades decreased.
Published 28 Jun, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 68.85/69.02 (previous 68.99/69.10). Call Money Rates: 6.50-10.25 percent (previous 6.50-10.50 percent.
Published 28 Jun, 2007 12:00am
Jakarta shares sag on weak rupiah

Jakarta shares sag on weak rupiah

Jakarta share prices closed 1.31 percent lower on Wednesday, pressured by Wall Street's slide overnight and on mounting caution ahead of a two-day Federal Reserve meeting, dealers said.
Published 28 Jun, 2007 12:00am
Singapore shares slump

Singapore shares slump

Singapore share prices closed 0.56 percent lower on Wednesday despite late bargain-hunting that kept the index above the crucial 3,500 points support level, dealers said. The Straits Times Index closed down 19.60 points at 3,505.50 on volume of 4.01 billi
Published 28 Jun, 2007 12:00am
Nikkei average books fourth straight loss

Nikkei average books fourth straight loss

The Nikkei average fell for the fourth straight session on Wednesday, marking its longest losing streak in more than three months, as exporters such as Canon Inc were hit by concerns about overseas markets and further rises in the yen.
Published 28 Jun, 2007 12:00am
Thai shares slightly up

Thai shares slightly up

Thai share prices closed 0.53 percent higher on Wednesday on speculative buying of big-cap banking stocks ahead of a US Federal Reserve decision on interest rates, dealers said.
Published 28 Jun, 2007 12:00am
Philippines shares tumble

Philippines shares tumble

Philippines share prices closed 1.91 percent down on Wednesday, with the key index hitting its lowest level in two weeks as investors took profits ahead of the US Federal Reserve's meeting on interest rates, dealers said.
Published 28 Jun, 2007 12:00am
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