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Archive - 2007-07-04
Basmati exports fetched $47.45 million in 2006-07

Basmati exports fetched $47.45 million in 2006-07

Country's over all basmati rice exports have been increased by 12 percent to 47.45 million dollars during 2006-07 fiscal year as compared to 42.36 million-dollar exports of 2005-06 fiscal year. As per quantity, the total basmati rice exports have been inc
Published 04 Jul, 2007 12:00am
Basmati exports fetched $47.45 million in 2006-07

Basmati exports fetched $47.45 million in 2006-07

Country's over all basmati rice exports have been increased by 12 percent to 47.45 million dollars during 2006-07 fiscal year as compared to 42.36 million-dollar exports of 2005-06 fiscal year. As per quantity, the total basmati rice exports have been inc
Published 04 Jul, 2007 12:00am
Gram prices rise sharply on grain market

Gram prices rise sharply on grain market

Rising trend persisted on the grain market on Tuesday as most of the buyers were trying to buy as much as they have capacity to keep stock, dealers said. On the gram side, gram Australia gained sharply by Rs 700 to Rs 3500-3600. Gram garda Punjab rose by
Published 04 Jul, 2007 12:00am
Basmati exports fetched $47.45 million in 2006-07

Basmati exports fetched $47.45 million in 2006-07

Country''s over all basmati rice exports have been increased by 12 percent to 47.45 million dollars during 2006-07 fiscal year as compared to 42.36 million-dollar exports of 2005-06 fiscal year. As per quantity, the total basmati rice exports have been in
Published 04 Jul, 2007 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

The average price of Bangladesh teas fell nominally to 85.55 taka ($1.24) per kg on lower demand at the weekly auction on Tuesday, brokers said.
Published 04 Jul, 2007 12:00am
LPG prices raised

LPG prices raised

Oil and Gas Regularity Authority (Ogra) has raised the prices of liquefied petroleum gas (LPG) by Rs 2,409 per tonne in the wake of rising international prices, dealers said. It may be recalled that the LPG prices have been raised by 36 dollars per tonne
Published 04 Jul, 2007 12:00am
Firm trend seen on cotton market

Firm trend seen on cotton market

Firmness prevailed in the cotton market on Tuesday as ginners insisting to make any deal at the asking prices, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2650, they added.
Published 04 Jul, 2007 12:00am
LPG prices raised

LPG prices raised

Oil and Gas Regularity Authority (Ogra) has raised the prices of liquefied petroleum gas (LPG) by Rs 2,409 per tonne in the wake of rising international prices, dealers said. It may be recalled that the LPG prices have been raised by 36 dollars per tonne
Published 04 Jul, 2007 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was unchanged while the December vaida was down on the forward cottonseed oilcake market on Tuesday in process of trading, brokers said. The July vaida was unchanged at Rs 650.00 and closing was seen at the same level without any variation,
Published 04 Jul, 2007 12:00am
LPG prices raised

LPG prices raised

Oil and Gas Regularity Authority (Ogra) has raised the prices of liquefied petroleum gas (LPG) by Rs 2,409 per tonne in the wake of rising international prices, dealers said. It may be recalled that the LPG prices have been raised by 36 dollars per tonne
Published 04 Jul, 2007 12:00am
CBoT wheat futures down two percent

CBoT wheat futures down two percent

Wheat futures at the Chicago Board of Trade fell 2 percent in value on Monday on follow-through weakness from Friday, when prices plunged after hitting multiyear peaks, traders said.
Published 04 Jul, 2007 12:00am
CBoT corn futures end mixed

CBoT corn futures end mixed

Corn futures on the Chicago Board of Trade closed mixed on Monday with good crop weather in the US Midwest and follow-through selling from Friday's lower close hampering attempts to rally prices, traders said.
Published 04 Jul, 2007 12:00am
Gulf corn offers rise, soyabean steady

Gulf corn offers rise, soyabean steady

US FOB Gulf corn basis offers rose slightly on Monday, supported by solid export demand and little farmer selling of old-crop supplies, traders said. Soyabean export premiums held steady in a market seeing little demand. Both Brazil and Argentina were off
Published 04 Jul, 2007 12:00am
Oil World cuts US soyabean harvest forecast

Oil World cuts US soyabean harvest forecast

The US September 2007/August 2008 season soyabean harvest is likely to fall to 72.40 million tonnes from 86.77 million tonnes in 2006/07, German oilseeds analysts Oil World forecasts.
Published 04 Jul, 2007 12:00am
LSE-25 index loses 53.50 points

LSE-25 index loses 53.50 points

The news regarding operation against Lal Masjid students in Islamabad on Tuesday turned the bullish trend into bearish at Lahore Stock Exchange (LSE) where equities registered declines across the board amid selling pressure, and investors remained on the
Published 04 Jul, 2007 12:00am
KCBT wheat settles sharply lower

KCBT wheat settles sharply lower

Hard red winter wheat futures on the Kansas City Board of Trade closed sharply lower on Monday in extended profit-taking, traders said. The July contract ended down 14-1/2 cents at $5.82 per bushel, while the September closed down 10-1/2 cents at $5.84-1/
Published 04 Jul, 2007 12:00am
LSE-25 index loses 53.50 points

LSE-25 index loses 53.50 points

The news regarding operation against Lal Masjid students in Islamabad on Tuesday turned the bullish trend into bearish at Lahore Stock Exchange (LSE) where equities registered declines across the board amid selling pressure, and investors remained on the
Published 04 Jul, 2007 12:00am
US Plains HRW wheat bids mostly steady

US Plains HRW wheat bids mostly steady

US Plains hard red winter wheat basis bids were mostly steady on Tuesday, with farmer selling of new-crop wheat reported active as farmers took advantage of high prices. Harvesting was 59 percent completed in Kansas and Oklahoma, according to weekly state
Published 04 Jul, 2007 12:00am
ISE index down 25.45 points

ISE index down 25.45 points

Bears returned in the front seat at the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index. ISE Ten Index was down by 25.45 points as the index moved from 2,761.76 to 2,736.31 points.
Published 04 Jul, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 70,902 tonnes cargo including 45,539 tonnes import, 25,363 tonnes export cargo and 1,286 containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday.
Published 04 Jul, 2007 12:00am
ISE index down 25.45 points

ISE index down 25.45 points

Bears returned in the front seat at the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index. ISE Ten Index was down by 25.45 points as the index moved from 2,761.76 to 2,736.31 points.
Published 04 Jul, 2007 12:00am
US Midwest corn, soya bids steady on slow sales

US Midwest corn, soya bids steady on slow sales

Spot basis bids for corn and soyabeans held steady at processors and elevators around the US Midwest on Monday amid slow farmer selling, grain dealers said. A sharp rally in the price of soyabeans has farmers on the sidelines, expecting prices to rise mor
Published 04 Jul, 2007 12:00am
G-10 food importers call for wider farm trade WTO talks

G-10 food importers call for wider farm trade WTO talks

The WTO's Group of Ten food importing countries, including Japan, have calling for wider participation in the stalled Doha Round of trade liberalisation talks on agricultural issues, a key sticking point.
Published 04 Jul, 2007 12:00am
Merkel rejects call to moderate emissions cuts

Merkel rejects call to moderate emissions cuts

Chancellor Angela Merkel rejected industry criticism of her plans to cut Germany's greenhouse gas emissions by a third by 2020 and dashed its hopes of a deal to prolong the use of nuclear power.
Published 04 Jul, 2007 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 04 Jul, 2007 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 04 Jul, 2007 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Farida Khanum enthrals audience in IoK

Farida Khanum enthrals audience in IoK

Pakistan's top Sufi singer Farida Khanum has made her first visit to Indian occupied Kashmir, winning a standing ovation at a music festival. Khanum drew the ovation in occupied Srinagar, as she entertained festival-goers with her classical Sufi songs lat
Published 04 Jul, 2007 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Farida Khanum enthrals audience in IoK

Farida Khanum enthrals audience in IoK

Pakistan's top Sufi singer Farida Khanum has made her first visit to Indian occupied Kashmir, winning a standing ovation at a music festival. Khanum drew the ovation in occupied Srinagar, as she entertained festival-goers with her classical Sufi songs lat
Published 04 Jul, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Rs 7.4 billion ADP approved for FATA

Rs 7.4 billion ADP approved for FATA

The Annual Development Program of Rs 7.4 billion for financial year 2007-08 for Fata was approved at a high level meeting on Tuesday. NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) chairs the meeting at Governor's House.
Published 04 Jul, 2007 12:00am
Rs 7.4 billion ADP approved for FATA

Rs 7.4 billion ADP approved for FATA

The Annual Development Program of Rs 7.4 billion for financial year 2007-08 for Fata was approved at a high level meeting on Tuesday. NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) chairs the meeting at Governor's House.
Published 04 Jul, 2007 12:00am
Rs 7.4 billion ADP approved for FATA

Rs 7.4 billion ADP approved for FATA

The Annual Development Program of Rs 7.4 billion for financial year 2007-08 for Fata was approved at a high level meeting on Tuesday. NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) chairs the meeting at Governor''s House.
Published 04 Jul, 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 Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Shaukat calls off Holland visit

Shaukat calls off Holland visit

Prime Minister Shaukat Aziz has cancelled his Netherlands visit due to Lal Masjid situation. Official sources told NNI on Tuesday, the Prime Minister scheduled 3-day visit to Netherlands from July 5 but he called off his tour due current situation occurre
Published 04 Jul, 2007 12:00am
Shaukat calls off Holland visit

Shaukat calls off Holland visit

Prime Minister Shaukat Aziz has cancelled his Netherlands visit due to Lal Masjid situation. Official sources told NNI on Tuesday, the Prime Minister scheduled 3-day visit to Netherlands from July 5 but he called off his tour due current situation occurre
Published 04 Jul, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (July 03, 2007).
Published 04 Jul, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Government wants to give further autonomy to provinces: Saifullah

Government wants to give further autonomy to provinces: Saifullah

Speakers at a roundtable conference here on Tuesday stressed the need for resolution of issues between provinces and federal government through dialogue and inclusion of suggestions from all stakeholders. The roundtable conference on "Federalism and Provi
Published 04 Jul, 2007 12:00am
PML to sweep elections on performance basis, says Sumaira

PML to sweep elections on performance basis, says Sumaira

Minister for Women Development and Youth Affairs Sumaira Malik has said Pakistan Muslim League (Q) would sweep the elections on performance basis. PML has put the country on the path of progress and prosperity during the last five years, she added.
Published 04 Jul, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
33 Taliban killed in Afghanistan

33 Taliban killed in Afghanistan

Afghan police killed 33 Taliban insurgents after a roadside bomb detonated by militants killed eight policemen in the southern province of Kandahar, the provincial governor said on Tuesday. The policemen were killed on Monday and the same day police began
Published 04 Jul, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
33 Taliban killed in Afghanistan

33 Taliban killed in Afghanistan

Afghan police killed 33 Taliban insurgents after a roadside bomb detonated by militants killed eight policemen in the southern province of Kandahar, the provincial governor said on Tuesday. The policemen were killed on Monday and the same day police began
Published 04 Jul, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
OMC sales up by 15 percent in 11 months

OMC sales up by 15 percent in 11 months

Total sales volume of the Oil Marketing Companies (OMC) industry rose by 15 percent to 16.2 million tons during the first 11 months ended May 31 as compared to 14.1 million tons recorded during the corresponding period of last year. On the monthly basis,
Published 04 Jul, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Spinning industry reaches crisis point

Spinning industry reaches crisis point

The ship of textile spinning industry was sinking; more than 130 spinning units were closed down before June 15, while more than 12 units stopped their business during the last 10 days, rendering jobless to 500,000 workers directly and 2 million people in
Published 04 Jul, 2007 12:00am
Spinning industry reaches crisis point

Spinning industry reaches crisis point

The ship of textile spinning industry was sinking; more than 130 spinning units were closed down before June 15, while more than 12 units stopped their business during the last 10 days, rendering jobless to 500,000 workers directly and 2 million people in
Published 04 Jul, 2007 12:00am
Spinning industry reaches crisis point

Spinning industry reaches crisis point

The ship of textile spinning industry was sinking; more than 130 spinning units were closed down before June 15, while more than 12 units stopped their business during the last 10 days, rendering jobless to 500,000 workers directly and 2 million people in
Published 04 Jul, 2007 12:00am
Flood situation reviewed

Flood situation reviewed

All major rivers were flowing normal except River Kabul, which was in medium to high flood at Warsak and Nowshera. Some of the River Kabul's tributaries were also in very high flood. Chairman, Federal Flood Commission, IB Sheikh said this while briefing t
Published 04 Jul, 2007 12:00am
Flood situation reviewed

Flood situation reviewed

All major rivers were flowing normal except River Kabul, which was in medium to high flood at Warsak and Nowshera. Some of the River Kabul's tributaries were also in very high flood. Chairman, Federal Flood Commission, IB Sheikh said this while briefing t
Published 04 Jul, 2007 12:00am
Flood situation reviewed

Flood situation reviewed

All major rivers were flowing normal except River Kabul, which was in medium to high flood at Warsak and Nowshera. Some of the River Kabul''s tributaries were also in very high flood. Chairman, Federal Flood Commission, IB Sheikh said this while briefing
Published 04 Jul, 2007 12:00am
Voters' registration date extended till July 18

Voters' registration date extended till July 18

The Election Commission (EC) on Tuesday announced to extend the display period of electoral rolls for 15 days; July 18, 2007 in order to enlist maximum number of eligible voters. Earlier, it had displayed fresh computerised electoral rolls for 21 days at
Published 04 Jul, 2007 12:00am
Voters' registration date extended till July 18

Voters' registration date extended till July 18

The Election Commission (EC) on Tuesday announced to extend the display period of electoral rolls for 15 days; July 18, 2007 in order to enlist maximum number of eligible voters. Earlier, it had displayed fresh computerised electoral rolls for 21 days at
Published 04 Jul, 2007 12:00am
Jimmy dedicates life for welfare of special children

Jimmy dedicates life for welfare of special children

Prominent artist and social worker Jimmy Engineer has reiterated that he has dedicated his life for the welfare of the special children and is committed to do everything possible for bringing smiles on their faces momentarily as well as permanently.
Published 04 Jul, 2007 12:00am
HBL to online 250 more branches

HBL to online 250 more branches

Habib Bank Limited has announced to online 250 further branches all over the country by December end. Inaugurating the Clifton Broadway branch on Tuesday.
Published 04 Jul, 2007 12:00am
JCR-VIS upgrades HBL ratings to AA+/A-1+

JCR-VIS upgrades HBL ratings to AA+/A-1+

JCR-VIS Credit Rating Company Limited has upgraded the entity ratings of Habib Bank limited (HBL) to 'AA+/A-I+' (Double A+ /A-One Plus) with a 'Stable' outlook.
Published 04 Jul, 2007 12:00am
JCR-VIS upgrades HBL ratings to AA+/A-1+

JCR-VIS upgrades HBL ratings to AA+/A-1+

JCR-VIS Credit Rating Company Limited has upgraded the entity ratings of Habib Bank limited (HBL) to 'AA+/A-I+' (Double A+ /A-One Plus) with a 'Stable' outlook.
Published 04 Jul, 2007 12:00am
Armed robbers gun down cop

Armed robbers gun down cop

A head constable was shot dead by the unidentified gunmen while resisting a successful dacoity bid in front of the city courts here on Tuesday. Police told Business Recorder that two alleged dacoits entered the shop of Khwaja Rice Corporation in th
Published 04 Jul, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Jul, 2007 12:00am
NBP ratings reaffirmed

NBP ratings reaffirmed

During the current rating review, JCR-VIS Credit Rating Co Limited (JCR-VIS) has given due consideration to the sustainability observed in various indicators over the past few years which reflect the significance of the National Bank of Pakistan (NBP) to
Published 04 Jul, 2007 12:00am
NBP ratings reaffirmed

NBP ratings reaffirmed

During the current rating review, JCR-VIS Credit Rating Co Limited (JCR-VIS) has given due consideration to the sustainability observed in various indicators over the past few years which reflect the significance of the National Bank of Pakistan (NBP) to
Published 04 Jul, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Askari Bank long-term rating readjusted

Askari Bank long-term rating readjusted

The Pakistan Credit Rating Agency (Pacra) has made downward adjustment to the long-term entity rating of Askari Bank Limited to 'AA' (Double A) while maintaining the short-term rating at 'A 1+' (A One Plus).
Published 04 Jul, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Jul, 2007 12:00am
Askari Bank long-term rating readjusted

Askari Bank long-term rating readjusted

The Pakistan Credit Rating Agency (Pacra) has made downward adjustment to the long-term entity rating of Askari Bank Limited to 'AA' (Double A) while maintaining the short-term rating at 'A 1+' (A One Plus).
Published 04 Jul, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2007 12:00am
HEC approves degree-awarding status for DCET

HEC approves degree-awarding status for DCET

The Higher Education Commission (HEC) Chairman, Dr Attaur Rehman has approved Dawood College of Engineering and Technology (DCET) as degree-awarding college. DCET Principal Dr Mohammad Nasim said this while talking to PPI on Tuesday. He said that it was a
Published 04 Jul, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2007 12:00am
'Achieving 100 percent literacy collective responsibility'

'Achieving 100 percent literacy collective responsibility'

Punjab Education Minister Mian Imran Masood has stressed that the achievement of 100 percent literacy rate is our collective responsibility. He stated this while addressing the gold medal awarding ceremony organised by private schools in his honour, here
Published 04 Jul, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
UHS workshop concludes: medical education trend changing world over

UHS workshop concludes: medical education trend changing world over

The trend in medical education all over the world is changing from progressive to integrated type of curriculum teaching, therefore, it is imperative for Pakistani medical schools to devise medical courses which boost students' initial enthusiasm for medi
Published 04 Jul, 2007 12:00am
Up-gradation of 93 GCU faculty members approved

Up-gradation of 93 GCU faculty members approved

The GC University has approved up-gradation of its ninety-three faculty members according to the criteria and merit set by the Higher Education Commission (HEC) of Pakistan.
Published 04 Jul, 2007 12:00am
Climate change poses threat to economy: expert

Climate change poses threat to economy: expert

In realisation of seriousness of recent torrential rains and floods, the Department of Environmental Sciences, Federal Urdu University of Arts, Science and Technology (FUUAST).
Published 04 Jul, 2007 12:00am
Pakistan Navy ship carrying relief goods reaches Ormara

Pakistan Navy ship carrying relief goods reaches Ormara

Pakistan Navy Ship Tariq carrying relief goods for the people of flood-hit areas of Balochistan reached Ormara, said a release of ISPR here on Tuesday. The relief goods included 38,000 litres of mineral water, 9,000 litres of fresh milk, 400 cartons of dr
Published 04 Jul, 2007 12:00am
PTCL clarification

PTCL clarification

Following clarification has been issued by PTCL. "This refers to press clipping appeared in the Daily 'Business Recorder', Karachi, on 29-06-2007, captioned 'Free DSL Service for KPC members'.
Published 04 Jul, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
NAB seeks report of fake, illegal land allotments in Sindh

NAB seeks report of fake, illegal land allotments in Sindh

Director General NAB Sindh, Major General Mukhtar Ahmed has asked the Land Utilisation and Revenue department officials to ensure complete scrutiny of frauds and cheat in the allotments of land so that no possibility of defrauding the people in sale and p
Published 04 Jul, 2007 12:00am
Post-budget seminar on Finance Act 2007 held

Post-budget seminar on Finance Act 2007 held

The Finance Act, 2007 and its amendments of provisions are the chain process to implement the agenda of reform policy initiated by Central Board of Revenue (CBR). Mukhtar Ahmed Gondal, Director General, Large Taxpayers Unit (LTU), Karachi said this at 'Po
Published 04 Jul, 2007 12:00am
Post-budget seminar on Finance Act 2007 held

Post-budget seminar on Finance Act 2007 held

The Finance Act, 2007 and its amendments of provisions are the chain process to implement the agenda of reform policy initiated by Central Board of Revenue (CBR). Mukhtar Ahmed Gondal, Director General, Large Taxpayers Unit (LTU), Karachi said this at 'Po
Published 04 Jul, 2007 12:00am
Saudi Pak Investment Company ratings reaffirmed

Saudi Pak Investment Company ratings reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirms the medium to long-term entity rating of Saudi Pak Industrial and Agricultural Investment Company (Pvt) Limited (SAPICO) at 'AA+' (Double A Plus) with a 'Stable' outlook. Short-term rating has also been
Published 04 Jul, 2007 12:00am
Saudi Pak Investment Company ratings reaffirmed

Saudi Pak Investment Company ratings reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirms the medium to long-term entity rating of Saudi Pak Industrial and Agricultural Investment Company (Pvt) Limited (SAPICO) at 'AA+' (Double A Plus) with a 'Stable' outlook. Short-term rating has also been
Published 04 Jul, 2007 12:00am
THE RUPEE: all round fall in currency market

THE RUPEE: all round fall in currency market

Sliding trend was seen in the currency market on Tuesday as the rupee fell against both the US currency and euro, dealers said. In the interbank market, the rupee shed three paisa in terms of dollar for buying at Rs 60.36 and slid two paisa for selling at
Published 04 Jul, 2007 12:00am
JCR-VIS reaffirms ZTBL ratings

JCR-VIS reaffirms ZTBL ratings

JCR-VIS Credit Rating Company Limited has reaffirmed the credit ratings of Zarai Taraqiati Bank Limited (ZTBL) at "AAA/A-1+" (Triple A/A-one plus with 'Stable' outlook. The AAA/A-1+ ratings of ZTBL are based on the federal government guarantee for timely
Published 04 Jul, 2007 12:00am
THE RUPEE: all round fall in currency market

THE RUPEE: all round fall in currency market

Sliding trend was seen in the currency market on Tuesday as the rupee fell against both the US currency and euro, dealers said. In the interbank market, the rupee shed three paisa in terms of dollar for buying at Rs 60.36 and slid two paisa for selling at
Published 04 Jul, 2007 12:00am
JCR-VIS reaffirms ZTBL ratings

JCR-VIS reaffirms ZTBL ratings

JCR-VIS Credit Rating Company Limited has reaffirmed the credit ratings of Zarai Taraqiati Bank Limited (ZTBL) at "AAA/A-1+" (Triple A/A-one plus with 'Stable' outlook. The AAA/A-1+ ratings of ZTBL are based on the federal government guarantee for timely
Published 04 Jul, 2007 12:00am
Raise in ABL staff salary demanded

Raise in ABL staff salary demanded

Vice President, Allied Bank Workers Federation of Pakistan, Mubashir Kazmi has appealed to the concerned high ups to take immediate steps to increase the salaries of clerical and non-clerical staff. In a press statement issued here on Tuesday, he said the
Published 04 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Banks start functioning normally after two-day holiday

Banks start functioning normally after two-day holiday

All commercial bank branches have started functioning normally after two days holiday, Sunday last being the regular weekly holiday and Monday last being holiday for purpose of closing of accounts.
Published 04 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Faramawy appointed Microsoft vice president

Faramawy appointed Microsoft vice president

Microsoft Corporation announced today the appointment of Ali Faramawy as Vice President, Microsoft International, with executive responsibilities across business strategy development and business operations for Middle East and Africa (MEA) region.
Published 04 Jul, 2007 12:00am
Rs 103,73.418 million MDA budget presented

Rs 103,73.418 million MDA budget presented

A Rs 103,73.418 million surplus budget of the Malir Development Authority (MDA) was unanimously approved for the 2007-08 fiscal year. The budget meeting, with City Nazim and MDA Chairman Syed Mustafa Kamal in chair, was held here on Tuesday.
Published 04 Jul, 2007 12:00am
Rs 103,73.418 million MDA budget presented

Rs 103,73.418 million MDA budget presented

A Rs 103,73.418 million surplus budget of the Malir Development Authority (MDA) was unanimously approved for the 2007-08 fiscal year. The budget meeting, with City Nazim and MDA Chairman Syed Mustafa Kamal in chair, was held here on Tuesday.
Published 04 Jul, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Workshop on environmental journalism

Workshop on environmental journalism

A consultative workshop on environmental journalism will be held in the metropolis from July 9. The World Wide Fund for Nature (WWF), Pakistan, is holding the two-day moot under the Indus for All Programme, in collaboration with the European Union (EU).
Published 04 Jul, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (July 03, 2007) and for Wednesday (July 04, 2007).
Published 04 Jul, 2007 12:00am
Rotarians hand over relief goods to PN

Rotarians hand over relief goods to PN

The Rotary Club has handed over 500 bags of food bags, weighing 20 kilograms each and 500 bottles of mineral water to Pakistan Navy for its distribution among the rain affected people in Balochistan. The relief goods were handed over to Commander Fleet, P
Published 04 Jul, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 03, 2007).

Published 04 Jul, 2007 12:00am
Sindh PRCS distributes relief goods in Gaddap

Sindh PRCS distributes relief goods in Gaddap

The Pakistan Red Crescent Society (PRCS), Sindh, has launched relief operation in Gaddap Town, the most affected area of Karachi. The PRCS distributed relief goods worth Rs 250,000 and established seven medical camps in the town, said Sindh PRCS Secretary
Published 04 Jul, 2007 12:00am
'Rains mar marble processing activity'

'Rains mar marble processing activity'

The marble processing activity has been badly affected in Sindh and Balochistan following the heavy rains, which completely stopped mining activity specially in Balochistan.
Published 04 Jul, 2007 12:00am
Relations with Pakistan improving: Jaswant

Relations with Pakistan improving: Jaswant

Indian Army Chief General Joginder Jaswant Singh has said the relations with Pakistan were improving gradually with the initiation of confidence building measures between the two nuclear power countries.
Published 04 Jul, 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 04 Jul, 2007 12:00am
'Constitutional formalities must be fulfilled while preparing budget'

'Constitutional formalities must be fulfilled while preparing budget'

Constitutional formalities must be fulfilled while preparing Annual Budget in accordance with the wishes of the Founder of Pakistan, Qauid-e-Azam Muhammad Ali Jinnah. These views were expressed by prominent economist Khwaja Amjad Saeed while addressing a
Published 04 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 04 Jul, 2007 12:00am
Qazi condemns Lal Masjid operation

Qazi condemns Lal Masjid operation

Chief of Muttahida Majlis-i-Amal (MMA), Qazi Hussain Ahmed has vehemently condemned the operation launched by law enforcement agencies against Lal-Mosque and Jamia Hafsa in Islamabad and said that it was a part of the government's ill-conceived policies.
Published 04 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 04 Jul, 2007 12:00am
Lawyers boycott courts

Lawyers boycott courts

The lawyers' community on Tuesday continued their protest by observing token strike and staging hunger strike camps against suspension of Chief Justice of Pakistan here on Tuesday. The lawyers boycotted the courts for one hour and wore black ribbons on th
Published 04 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (July 03, 2007) and the forecast for Wednesday (July 04, 2007).
Published 04 Jul, 2007 12:00am
Lawyers continue protest

Lawyers continue protest

Lawyers took their daily protests to the 98th day on Tuesday with their hour-long boycott of courts, from 10:30 am to 11:30am, and token hunger strikes, protesting against the suspension of Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry.
Published 04 Jul, 2007 12:00am
US to provide aid for rain-hit people

US to provide aid for rain-hit people

The US government will provide 390,000 dollars for emergency relief supplies for the rain-affected people in Sindh and Balochistan. According to a press release issued here on Tuesday, this emergency relief will help 11,000 households, or approximately 90
Published 04 Jul, 2007 12:00am
'Developing countries not well prepared to face disasters'

'Developing countries not well prepared to face disasters'

Developing countries are becoming increasingly aware of the importance of disaster management systems and more efforts are being made to streamline preparedness, response and recovery mechanisms at all levels.
Published 04 Jul, 2007 12:00am
Foolproof relief measures ensured

Foolproof relief measures ensured

Foolproof relief and administrative measures have been ensured under a co-ordinated strategy by all the concerned departments in Faisalabad district to meet any emergency-like situation. In this connection, Colonel Shakeel and Colonel Bilal held co-ordina
Published 04 Jul, 2007 12:00am
WMO grieved over deaths from cyclone

WMO grieved over deaths from cyclone

World Meteorological Organisation (WMO) has expressed its deepest sympathy and sincere condolences for the loss of life and damages inflected on Pakistan by the Cyclone "YEMYIN" during the last week, says a news release of Pakistan Meteorological Departme
Published 04 Jul, 2007 12:00am
Relief goods

Relief goods

In pursuance of the directives of NWFP Governor, Ali Muhammad Jan Aurakzai three trucks loaded with relief goods, including tents, blankets and edibles have been sent to the rain-affected areas of South Waziristan Agency on Tuesday.
Published 04 Jul, 2007 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 04 Jul, 2007 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 04 Jul, 2007 12:00am
Poultry industry suffers Rs 670 million losses

Poultry industry suffers Rs 670 million losses

Recent rains have hit the poultry industry badly, causing about Rs 670 million losses to poultry farmers across Sindh province, said Pakistan Poultry Association (Sindh zone) Chairman Suhail Chaudhry. Addressing a press conference along with the associati
Published 04 Jul, 2007 12:00am
Senate body on rules of procedure, privileges meets

Senate body on rules of procedure, privileges meets

The Senate committee on rules of procedure and privileges met here on Tuesday under the chairmanship of senator Colonel Syed Tahir Hussain Mashhadi (Retd). The committee revised and amended various rules of procedure and conduct of business in the senate,
Published 04 Jul, 2007 12:00am
Land grabbing scams: action against police officials ordered

Land grabbing scams: action against police officials ordered

Inspector General (IG) Sindh Police, Zia-ul-Hassan has taken serious notice of the complaints against the police officials involved in the land grabbing scams, saying stern action would be taken against those who found guilty.
Published 04 Jul, 2007 12:00am
FBISE clarification

FBISE clarification

Federal Board of Intermediate and Secondary Education (FBISE) has dispelled the impression that has been created by a news item published in a section of the press that some question papers of Higher Secondary School Certificate (HSSC) annual examination
Published 04 Jul, 2007 12:00am
MoU signed

MoU signed

Higher Education Commission of Pakistan (HEC) has recently signed an agreement with Oracle partner, Techlogix, to implement Oracle's Peoplesoft Campus Solutions at its affiliated universities. Initially, six out of the 74 public sector universities, funde
Published 04 Jul, 2007 12:00am
Conference

Conference

The youth must develop their ability to recognise the best human endowments. This was stated by Dr Ubaldo Leli, an Italian/American expert, in his key-note address on the second day of the young leaders' conference-2007 titled "Inter-cultural leadership"
Published 04 Jul, 2007 12:00am
Replay of Bush doctrine at Lal Masjid!

Replay of Bush doctrine at Lal Masjid!

We are witnessing replay of the Bush doctrine at Lal Masjid. This is how US-based academic Professor Asad Abu Khalil chose to began his lecture on 'the Bush doctrine: assumptions and realities' at the International Islamic University here on Tuesday.
Published 04 Jul, 2007 12:00am
Lal Masjid operation condemned

Lal Masjid operation condemned

The rulers have reached the worst level of dictatorship under the garb of enlightened moderation by attacking the students of Lal Masjid in Islamabad. President of Jama'at-e-Islami, Karachi, Dr Meraj-ul Huda Siddiqui, said this while addressing protestor
Published 04 Jul, 2007 12:00am
Students rally against Jamia Hafsa showdown

Students rally against Jamia Hafsa showdown

A large number of students of Jamia Ashrafia on Tuesday held a demonstration here at Muslim Town More to protest operation of law-enforcing agencies against Jamia Hafsa at Islamabad.
Published 04 Jul, 2007 12:00am
LSE workshop for journalists

LSE workshop for journalists

Lahore Stock Exchange (LSE) is holding two-day workshop for journalists on 'Understanding the Capital Market' from Wednesday (today. Board of Directors of LSE has decided to organise workshop on the recommendation of LSE Chairman Hamesh Khan.
Published 04 Jul, 2007 12:00am
Jamia Hafsa must resort to legal means: Maqbool

Jamia Hafsa must resort to legal means: Maqbool

Punjab Governor Lieutenant General (Retd) Khalid Maqbool has stated that students of Jamia Hafsa started firing at Islamabad on Tuesday, however, the government does not believe in confrontation and wants to resolve the issue peacefully.
Published 04 Jul, 2007 12:00am
Rs 2.5 billion earmarked for Astore projects

Rs 2.5 billion earmarked for Astore projects

Advisor Tourism, Transport and Minerals Northern Areas, Abdul Hameed Khan has said that Rs 2.5 billion has been earmarked for different development projects in district Astore. This was stated by him while talking to APP here on Tuesday.
Published 04 Jul, 2007 12:00am
'Agencies have no role in CJP case'

'Agencies have no role in CJP case'

Terming the apex court decision, banning intelligence personnel from courts and directions to agencies for removing bugs from courts and judges residences as timely and appropriate, the former Chief Justice of Pakistan, Justice Saeed uz Zaman Siddiqui, ha
Published 04 Jul, 2007 12:00am
FM radio channels may face Pemra penalties

FM radio channels may face Pemra penalties

Pakistan Electronic Media Regulatory Authority (Pemra) has decided to convene a meeting of FM radio channels to apprise them of their immoral programmes, soources told Business Recorder. FM radio channels have been presenting a number of programmes
Published 04 Jul, 2007 12:00am
LCCI flays Rs 1.9 million broad daylight dacoity

LCCI flays Rs 1.9 million broad daylight dacoity

The office bearers of the Lahore Chamber of Commerce and Industry while expressing deep concern over broad daylight dacoity wherein Rs 1.9 million of Izhar Group of Companies were looted by four unidentified persons, have demanded of the government to tak
Published 04 Jul, 2007 12:00am
Punjab government sends medical teams to Balochistan

Punjab government sends medical teams to Balochistan

Punjab Chief Minister Chaudhry Pervaiz Elahi has expressed deep sense of sorrow and grief over the devastation and huge loss of precious lives in Balochistan due to recent rains and flood.
Published 04 Jul, 2007 12:00am
EC to take up references against Imran on July 16

EC to take up references against Imran on July 16

Election Commission of Pakistan on Tuesday decided to take up references against Pakistan Tehreek-e-Insaaf, Imran Khan on July 16, 2007. The decision was made at the meeting of Election Commission, chaired by Justice Qazi Muhammad Farooq (Retd), Chief Ele
Published 04 Jul, 2007 12:00am
Jamaat-e-Islami to provide relief to flood victims

Jamaat-e-Islami to provide relief to flood victims

Expressing grief over the devastation and loss of precious lives due to recent rains and flood in Balochistan and Sindh, Jamaat-e-Islami Lahore, has announced to provide relief to their Baloch and Sindhi brethren in this hour of need. This was stated by J
Published 04 Jul, 2007 12:00am
NAB recovers over Rs 217 billion in corruption cases

NAB recovers over Rs 217 billion in corruption cases

Against a staggering amount of billions of rupees, eaten away in corruption and bank loan defaults, National Accountability Bureau has recovered over Rs 217 billion by the end of last calendar year.
Published 04 Jul, 2007 12:00am
New coaches inducted to modernise Railways: Rashid

New coaches inducted to modernise Railways: Rashid

Federal Minister for Railways Sheikh Rashid Ahmed has said that Pakistan Railways was being modernised with the induction of new coaches to help facilitate passengers with latest travelling services.
Published 04 Jul, 2007 12:00am
Load shedding quota for IESCO raised

Load shedding quota for IESCO raised

National Power Control Centre (NPCC) has increased load shedding quota for Islamabad Electric Supply Company (IESCO) for the current week. According to official sources, the new allotted quota would be 90MW from 00.00 hours to 0900 hours, 120MW from 0900
Published 04 Jul, 2007 12:00am
5.4 million tons rice production estimated

5.4 million tons rice production estimated

Government has estimated 5.4 million tons of rice production for the financial year 2006-07. An official source, food and agriculture ministry on Tuesday said that last year rice production was 5.5 million tons, thus indicating decline of 2 percent in tot
Published 04 Jul, 2007 12:00am
Rawalpindi district government sets up flood relief centres

Rawalpindi district government sets up flood relief centres

The city district government Rawalpindi has established flood emergency centres to cope with any crisis situation during the monsoon season. Three centres, including a control room in District Revenue Office have been established in Rawalpindi.
Published 04 Jul, 2007 12:00am
PPP apprises world bodies of political victimisation

PPP apprises world bodies of political victimisation

Central Coordinator, Human Rights Cell, Pakistan Peoples Party, Fauzia Wahab MNA, has apprised the United Nations, European Union, Commonwealth and international human rights organisations of the state of 'repression targeting political parties, judiciary
Published 04 Jul, 2007 12:00am
Epidemiologist training programme launched

Epidemiologist training programme launched

A two-year course to train Pakistan's future field epidemiologist as part of the Field Epidemiology and Laboratory Training Programme (FELTP) funded by United States Agency for International Development (USAID) was inaugurated.
Published 04 Jul, 2007 12:00am
'Efforts on to achieve target of 5,000 more utility stores'

'Efforts on to achieve target of 5,000 more utility stores'

Managing Director Utility Stores Corporation of Pakistan Brigadier (Retd) Hafeez Ahmed on Monday said that the corporation is working hard to achieve the target of setting up 5,000 more utility stores countrywide in minimum possible time.
Published 04 Jul, 2007 12:00am
Magistrates to help control price hike

Magistrates to help control price hike

To ensure stability in the prices of daily use commodities including fruits, vegetables and meat Punjab government has decided to appoint class-I magistrate with Chairman Price Control Committee, Khawaja Tahir Zia.
Published 04 Jul, 2007 12:00am
Death anniversary of Fatima Jinnah on July 9

Death anniversary of Fatima Jinnah on July 9

The death anniversary of Mohtarma Fatima Jinnah would be observed on July 9 with zeal and fervour. This was stated by Senator Mushahid Hussain Sayed, Secretary General Pakistan Muslim League (PML) while, he was chairing a meeting of programme committee of
Published 04 Jul, 2007 12:00am
Course on methods of investigation concludes

Course on methods of investigation concludes

A week-long training course for the investigation officers of Azad Jammu and Kashmir Accountability Bureau concluded here on Tuesday. The training program was held under the auspices of the National Accountability Bureau, Islamabad.
Published 04 Jul, 2007 12:00am
Apolitical president

Apolitical president

The Constitution envisages election of the President through an electoral college comprising senators and members of the National and Provincial Assemblies. While his candidature is circumscribed by Article 41, his election takes place through a procedure
Published 04 Jul, 2007 12:00am
Where is Karachi's share of hydel power?

Where is Karachi's share of hydel power?

The National Electric Power Regulatory Authority (Nepra) has allowed Wapda to increase hydroelectric tariff by 36.65 paisa per unit for the year 2007-08, from the current rate of 260.22 paisa that includes 231.59 paisa fixed charges and 28.63 paisa variab
Published 04 Jul, 2007 12:00am
The philosophy behind successful traders

The philosophy behind successful traders

Not too long ago, trading in stocks was restricted to the select few in the society. It was either the very rich - who would use their wealth to first create movements in the prices of the instrument and then to take advantage of these movements - or thos
Published 04 Jul, 2007 12:00am
Remember the East Pakistan Flood Relief Fund?

Remember the East Pakistan Flood Relief Fund?

As devastating rain and flash floods and ambiguous threats of cyclone (Karachi specific?) make disturbing news stories in the country's print and electronic media, I am absolutely certain that at least some of us find memories of the cyclones that hit for
Published 04 Jul, 2007 12:00am
Veteran rebels turn on al Qaeda in Iraq

Veteran rebels turn on al Qaeda in Iraq

The cars roared through west Baghdad, packed with masked gunmen hanging out of windows and brandishing Kalashnikovs: Meet the latest US allies in the war against al Qaeda in Iraq. As recently as six months ago many of the gunmen, who still wear the mismat
Published 04 Jul, 2007 12:00am
Favouritism?

Favouritism?

Capital Development Authority (CDA) had recently invited applications for pre-qualification of the interested parties for the construction of a 5-star hotel on plot 63-F, located on Nazimuddin Road, Blue Area, sector F-7.
Published 04 Jul, 2007 12:00am
Voters lists

Voters lists

Going through Ms Kamila Hyat's piece on voters list one was surprised to see that she has mentioned that only new ID cards were mandatory for registration. Contrary to this was the announcement (regarding use of old ID cards) made by the Chief Election Co
Published 04 Jul, 2007 12:00am
PPP leaders denied UK visas

PPP leaders denied UK visas

A number of leaders from Punjab have been deprived of the opportunity to attend their party's meeting being held in London from 23 to 27 July. Benazir Bhutto has summoned leaders of her party to London for last week of July to discuss future course of the
Published 04 Jul, 2007 12:00am
Qureshi elected

Qureshi elected

Aslam Hayat Qureshi has been elected as Finance Secretary of Nashaimen-e-Iqbal Cooperative Housing Society for three years period. According to a press release issued here on Tuesday, Qureshi contested election from the Founders Group penal and succeeded.
Published 04 Jul, 2007 12:00am
IDA to provide $50 million for poverty alleviation

IDA to provide $50 million for poverty alleviation

The International Development Association (IDA) will provide $50 million to support Pakistan Government in the development and implementation of a minimum assistance package targeted to poor households with the objective of increasing the effectiveness of
Published 04 Jul, 2007 12:00am
US MIDDAY: gold edges down

US MIDDAY: gold edges down

US gold futures edged lower in pre-holiday trade early Tuesday following Monday's rally, but traders said prices should move higher in the near term as decent buying by funds and trades was seen.
Published 04 Jul, 2007 12:00am
US MIDDAY: copper tumbles

US MIDDAY: copper tumbles

US copper futures drifted lower at the open on Tuesday, with small-lot speculative sales keeping Monday's rally in check and business light ahead of the Independence Day holiday in the US, floor dealers said.
Published 04 Jul, 2007 12:00am
US MIDDAY: soyabeans slide

US MIDDAY: soyabeans slide

Soyabean futures at the Chicago Board of Trade slid early Tuesday on a profit-taking setback after the rally that began Friday in response to USDA's bullish acreage figure, traders said.
Published 04 Jul, 2007 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

Soft red winter wheat futures at the Chicago Board of Trade were mostly lower at midsession on Tuesday in a continued setback from last week's 11-year highs, traders said. Spillover weakness from Kansas City wheat and the Chicago corn and soybean markets
Published 04 Jul, 2007 12:00am
US MIDDAY: corn drops

US MIDDAY: corn drops

Corn futures at the Chicago Board of Trade dropped early on Tuesday, with overall good crop weather in the US Midwest and spillover pressure from Friday's bearish 2007 US corn acreage report weighing on prices, traders said.
Published 04 Jul, 2007 12:00am
Gold eases in London

Gold eases in London

Gold prices eased on Tuesday as investors took profits from a two-week high, but traders said the metal had potential to gain on security worries and any further decline in the dollar.
Published 04 Jul, 2007 12:00am
Lead touches peak

Lead touches peak

Copper ended slightly firmer after jumping to seven-week highs early on Tuesday on a softer dollar and strike threats, while lead hit a record peak on concerns over Chinese output. Copper for three months delivery on the London Metal Exchange closed at $7
Published 04 Jul, 2007 12:00am
New York cotton crawls to mixed finish

New York cotton crawls to mixed finish

Cotton futures settled mixed Tuesday as investors tweaked their positions ahead of a holiday break and the market consolidated gains sparked by a government plantings report last week, analysts said. The market will be shut Wednesday for the US Independen
Published 04 Jul, 2007 12:00am
China may export more corn on small drought damage: JGG

China may export more corn on small drought damage: JGG

Beijing is expected to allow more exports of corn later this year as damage from drought is unlikely to be serious, an executive from Jillian Grain Group (JGG), one of China's two authorised exporters, said on Tuesday.
Published 04 Jul, 2007 12:00am
Oil hits $73 on strong summer demand

Oil hits $73 on strong summer demand

Oil prices struck a 10-month high above $73 a barrel on Tuesday on strong summer driving demand in top consumer the United States. London Brent crude, seen as the best price gauge of the global oil market, settled up 30 cents to $72.93 a barrel after risi
Published 04 Jul, 2007 12:00am
Crude freight at year lows; no collapse seen

Crude freight at year lows; no collapse seen

The world's leading crude oil freight routes from the Gulf were close to their lows for this year on Monday but analysts said the freight market was not on the brink of collapse. Industry sources also said there was no sign that crude demand was faltering
Published 04 Jul, 2007 12:00am
FTSE rises on M&A talk

FTSE rises on M&A talk

The FTSE 100 index of Britain's leading shares ended up 0.8 percent on Tuesday, buoyed by take-over talk as investors shrugged off continued security concerns after terminal 4 at London's Heathrow airport was evacuated.
Published 04 Jul, 2007 12:00am
US Stocks: Tuesday's midday trade

US Stocks: Tuesday's midday trade

US stocks rose in a holiday-shortened session on Tuesday, lifted by fresh take-over talk and expectations that Apple Inc will make higher-than-expected profit margins on its iPhone. A report showing factory orders, excluding the volatile transportation se
Published 04 Jul, 2007 12:00am
Chinese shares end up 1.65 percent

Chinese shares end up 1.65 percent

China's stock market closed up 1.65 percent on Tuesday as investors bought large-cap stocks such as Aluminium Corp of China Ltd (Chalco), spurred by positive news from major listed companies. The Shanghai Composite Index ended at 3,899.724 points, slippin
Published 04 Jul, 2007 12:00am
Rising stocks steady credit nerves

Rising stocks steady credit nerves

European credit markets ticked higher on Tuesday as world stock markets hit an all-time high, fuelling demand for riskier securities. Investors temporarily shrugged off concerns over the troubled US mortgage market and rising interest rates to focus on st
Published 04 Jul, 2007 12:00am
Rising stocks steady credit nerves

Rising stocks steady credit nerves

European credit markets ticked higher on Tuesday as world stock markets hit an all-time high, fuelling demand for riskier securities. Investors temporarily shrugged off concerns over the troubled US mortgage market and rising interest rates to focus on st
Published 04 Jul, 2007 12:00am
Sterling scales 26-year peak

Sterling scales 26-year peak

Sterling hit its highest level in a quarter of a century versus the dollar on Tuesday, and the euro hit a record peak against the low-yielding yen as investors shopped for currencies with attractive yields.
Published 04 Jul, 2007 12:00am
Indian rupee climbs

Indian rupee climbs

The Indian rupee climbed to its highest level in a month on Tuesday as a record high in the stock market attracted foreign investment, but suspected central bank intervention drove it off its peak. The partially convertible rupee ended at 40.5500/5675 per
Published 04 Jul, 2007 12:00am
Nato regrets deaths, says Taliban 'behead and burn'

Nato regrets deaths, says Taliban 'behead and burn'

Nato Secretary-General Jaap de Hoop Scheffer pledged on Tuesday to investigate civilian deaths in Afghanistan, but contrasted Nato's record there with a Taliban who "behead people, burn schools, kill women and children".
Published 04 Jul, 2007 12:00am
Savage monsoon rains kill 61 across India

Savage monsoon rains kill 61 across India

The death toll from rains battering India rose to 61 as the downpour flooded states amid forecasts that the savage monsoon was likely to gain fury this week, officials said Tuesday. Seventeen more deaths reported from Gujarat and West Bengal took to 294 t
Published 04 Jul, 2007 12:00am
North Korea agrees to nuclear arms shutdown steps

North Korea agrees to nuclear arms shutdown steps

North Korea has agreed to wide-ranging UN measures to verify a shutdown of its atom bomb programme, nuclear inspectors said on Tuesday, but doubts arose about when disarmament would begin.
Published 04 Jul, 2007 12:00am
European leaders urge cooperation with Africa

European leaders urge cooperation with Africa

European Union leaders on Tuesday urged closer cooperation with Africa on tough issues like immigration and development, saying an EU-Africa summit later this year should mark a turning point in their relations.
Published 04 Jul, 2007 12:00am
Bangladesh TV channel owner jailed

Bangladesh TV channel owner jailed

A court in Bangladesh sentenced the politically connected owner of a television channel to 10 years in prison on Tuesday for possessing an unlicensed firearm and several rounds of ammunition, a court official said.
Published 04 Jul, 2007 12:00am
Libby move helps seal Bush's Iraq legacy

Libby move helps seal Bush's Iraq legacy

President George W. Bush on Tuesday refused to rule out a pardon for former White House aide Lewis "Scooter" Libby, a day after sparing him from prison in a case that helped seal his Iraq legacy and gave ammunition to Democrats.
Published 04 Jul, 2007 12:00am
Japan defence minister quits over atomic bomb remark

Japan defence minister quits over atomic bomb remark

Japan's defence minister resigned on Tuesday over remarks that appeared to accept the 1945 atomic bomb attacks on Hiroshima and Nagasaki, attempting to quell the latest furore plaguing the ruling camp ahead of an election this month.
Published 04 Jul, 2007 12:00am
Foreign doctors held over UK bomb plot

Foreign doctors held over UK bomb plot

Police were holding eight people on Tuesday, at least four of them foreign doctors, over a suspected al Qaeda plot against Britain that triggered a manhunt reaching as far as Australia.
Published 04 Jul, 2007 12:00am
US and Russia vow to expand nuclear energy use

US and Russia vow to expand nuclear energy use

The United States and Russia on Tuesday pledged to greatly expand nuclear energy cooperation and make nuclear energy available to developing countries while still limiting the spread of atomic weapons.
Published 04 Jul, 2007 12:00am
Belarus blasts US shield

Belarus blasts US shield

President Alexander Lukashenko said on Tuesday Belarus would disregard its economic rows with Russia and work closer with Moscow to counter US plans to erect an anti-missile system in eastern Europe.
Published 04 Jul, 2007 12:00am
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