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Archive - 2007-07-06
Jakarta shares end firmer

Jakarta shares end firmer

Jakarta share prices closed 1.13 percent higher on Thursday, with the main index finishing at a new record for the fourth straight day, dealers said. They said the market welcomed Bank Indonesia's move cutting its benchmark interest rate by 25 basis point
Published 06 Jul, 2007 12:00am
Singapore shares close flat

Singapore shares close flat

Singapore share prices closed flat on Thursday after profit-taking emerged in blue chips during afternoon trade in response to recent gains, dealers said. They said buyers were scarce in the absence of new leads following Wednesday's closure of US markets
Published 06 Jul, 2007 12:00am
Taiwan stocks continue winning streak

Taiwan stocks continue winning streak

Taiwan stocks rose 0.88 percent to a seven-year closing high on Thursday, as small-cap cyclicals such as Shinkong Synthetic Fibres stole the spotlight from the recent outperforming tech shares ahead of quarterly earnings. The main TAIEX share index ended
Published 06 Jul, 2007 12:00am
NTT seeks partners in Middle East and Russia

NTT seeks partners in Middle East and Russia

Nippon Telegraph and Telephone Corp is eyeing ties with local firms in the Middle East and Russia to provide services and networks for Japanese companies expanding abroad, its new president said on Tuesday. Hurt by falling demand for land lines at home, J
Published 06 Jul, 2007 12:00am
Kraft chief executive still eyeing international opportunities

Kraft chief executive still eyeing international opportunities

Kraft Foods Inc will look for more ways to expand its international reach after announcing plans to buy Danone's biscuit business, the company's top executive said on Tuesday. Chairman and Chief Executive Irene Rosenfeld also said that the acquisition sho
Published 06 Jul, 2007 12:00am
Renault expects new models to lift flagging sales

Renault expects new models to lift flagging sales

French car maker Renault reported a 3.8 percent drop in first-half global vehicle sales on Thursday but said new models, like its revamped Twingo and Laguna, would ensure a modest sales rise in 2007.
Published 06 Jul, 2007 12:00am
Moody bullish on Kazakhstan despite credit boom

Moody bullish on Kazakhstan despite credit boom

Kazakhstan's strong economy and public finances are sufficient to insure against surging foreign borrowing by banks and a property bubble, Moody's Investors Service said on Tuesday. In its annual report on the largest Central Asian state, Moody's said Kaz
Published 06 Jul, 2007 12:00am
Bear Stearns eyes gas and power in European energy push

Bear Stearns eyes gas and power in European energy push

US investment bank Bear Stearns will buy and rent transportation, transmission and storage assets as part of its push into European energy markets, although its intial focus will be on UK gas and German power market, the head of its European energy busine
Published 06 Jul, 2007 12:00am
Booming Australia eyes spot as top diesel importer

Booming Australia eyes spot as top diesel importer

Australia is on track to surpass Indonesia as Asia's biggest diesel importer thanks to a commodity-led economic boom, lending an unexpected lift to fuel prices and refinery profits.
Published 06 Jul, 2007 12:00am
France reviewing options on GDF, no decision yet

France reviewing options on GDF, no decision yet

The fate of a planned 90 billion euro ($123 billion) merger between Gaz de France and Suez remained in doubt on Thursday after a meeting held by French President Nicolas Sarkozy reached no decision on the matter.
Published 06 Jul, 2007 12:00am
Sarkozy faces clash with eurogroup over deficit

Sarkozy faces clash with eurogroup over deficit

French President Nicolas Sarkozy faces a clash with eurozone finance ministers next week over his plans to delay agreed cuts in budget deficits in a drive to jump-start the sluggish economy he inherited.
Published 06 Jul, 2007 12:00am
China orders banks to improve legal compliance

China orders banks to improve legal compliance

China's top banking regulator ordered lenders on Thursday to do more to improve in-house risk controls after auditors discovered a series of irregularities. "The frequent occurrence of major cases has become a serious problem, damaging the image of banks,
Published 06 Jul, 2007 12:00am
Canadian construction, purchasing activity heat up

Canadian construction, purchasing activity heat up

Canada's construction sector appeared headed for a record-breaking, busy summer and purchasing activity at mid-year was speeding up more than expected, according to two reports released on Thursday.
Published 06 Jul, 2007 12:00am
Microsoft to launch Xbox 360 Elite in October

Microsoft to launch Xbox 360 Elite in October

Microsoft Corp said on Thursday it would launch the advanced version of its Xbox 360 game console, Xbox 360 Elite, on October 11 in Japan, a country where sales of its game gear trail far behind rival machines from Nintendo Co Ltd and Sony Corp.
Published 06 Jul, 2007 12:00am
Rich US investors' outlook dimmed in June: survey

Rich US investors' outlook dimmed in June: survey

Wealthy US investors grew more cautious in June due to concern about the economy and a month of choppy markets, according to a monthly survey released on Thursday. The Spectrem Affluent Investors Index fell 4 points in June to a reading of 7, returning to
Published 06 Jul, 2007 12:00am
Doha risks being delayed several years: US

Doha risks being delayed several years: US

A deal to free up world trade could be delayed several years if no progress is made by the end of 2007, the United States said on Thursday, as it stepped up criticism of India and Brazil over failed talks.
Published 06 Jul, 2007 12:00am
UniCredit buys Ukraine bank

UniCredit buys Ukraine bank

Italian bank UniCredit SpA bought Ukraine's number six bank Ukrsotsbank on Thursday for more than $2 billion, the latest of a string of acquisitions that has propelled it among Europe's heavyweights in less than two years.
Published 06 Jul, 2007 12:00am
Bangladesh approves act to cut money laundering

Bangladesh approves act to cut money laundering

Bangladesh's army-backed interim government approved on Thursday an act to prevent money laundering and terror financing, officials said. Mainly Muslim Bangladesh was hit by a series of Islamist terrorist bomb attacks by two outlawed groups in 2005, which
Published 06 Jul, 2007 12:00am
Eurozone countries must respect budget promise: ECB

Eurozone countries must respect budget promise: ECB

The European Central Bank hit out on Thursday at eurozone countries which are dragging their feet on planned budget reforms, urging them to stick to an agreed deadline. European Union finance ministers promised in April to balance their budgets by 2010, b
Published 06 Jul, 2007 12:00am
BoE raises rates again

BoE raises rates again

British interest rates went up for the fifth time in less than year on Thursday, hitting a 6-year high of 5.75 percent as the Bank of England keeps worrying about inflation. Borrowing costs for businesses and homeowners have now risen a total of 125 basis
Published 06 Jul, 2007 12:00am
EU proposes energy consumer rights charter

EU proposes energy consumer rights charter

European Union energy consumers should have a charter that sets out their rights when dealing with gas and electricity companies, the European Commission proposed on Thursday.
Published 06 Jul, 2007 12:00am
Dubai fund buys into EADS in Airbus recovery bet

Dubai fund buys into EADS in Airbus recovery bet

A Dubai-managed fund bought a 3.12 percent stake in Airbus parent EADS, betting on the success of a recovery plan for the world's largest planemaker after years of delay and management feuds.
Published 06 Jul, 2007 12:00am
US jobs market picks up steam

US jobs market picks up steam

Growth in the US service sector rose unexpectedly in June, while the job market also appeared to pick up some steam, according to reports on Thursday that signalled strength in the economy. The Institute for Supply Management's services index rose to 60.7
Published 06 Jul, 2007 12:00am
Indonesian central bank cuts key rate to two-year low

Indonesian central bank cuts key rate to two-year low

Indonesia cut its main interest rate on Thursday to the lowest level in two years and said there was room for further cuts to help sustain a pick up in growth in Southeast Asia's biggest economy.
Published 06 Jul, 2007 12:00am
US mortgage applications steady

US mortgage applications steady

Rising demand for loans to buy homes offset a drop in applications to refinance existing mortgages, leaving US mortgage applications little changed from the prior week, an industry group said on Thursday.
Published 06 Jul, 2007 12:00am
Chile economic activity slows in May

Chile economic activity slows in May

Chile's annual rate of economic growth slowed sharply in May to a five-month low, on weaker energy sector activity and one less working day in the month compared with a year earlier, the central bank said on Thursday. It said its IMACEC economic activity
Published 06 Jul, 2007 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian crude palm oil futures ended slightly higher in lacklustre trade on Thursday as the market awaited fresh leads, including an update on export numbers next week. But prices were supported by bullish comments from the head of the industry regulato
Published 06 Jul, 2007 12:00am
Tokyo rubber steady

Tokyo rubber steady

Tokyo rubber futures were steady to higher on Thursday, as investors held onto views that the Tokyo market was in a correction phase after touching a 10-month low earlier this week. The benchmark Tokyo Commodity Exchange rubber contract for December deliv
Published 06 Jul, 2007 12:00am
Asian naphtha prices higher

Asian naphtha prices higher

Asian naphtha prices marginally rose on Thursday, but the prompt backwardation narrowed on fears that Asian petrochemical producers may switch to alternative feedstock due to the strengthening outright values. The key open-spec naphtha contract for second
Published 06 Jul, 2007 12:00am
Malaysian tin jumps

Malaysian tin jumps

Malaysian tin rose 1.4 percent on Thursday, boosted by strong prices on the London Metal Exchange and foreign buying, one dealer said.
Published 06 Jul, 2007 12:00am
Government asks Ghazi to give up unconditionally

Government asks Ghazi to give up unconditionally

Security forces on Thursday stiffened siege around the Lal Masjid but delayed the launch of a full fledged military offensive after deputy cleric Abdul Rashid Ghazi renewed a conditional surrender offer. A stand off, however, still persists with the gover
Published 06 Jul, 2007 12:00am
Indonesia palm oil ends mixed

Indonesia palm oil ends mixed

Indonesian palm oil prices were mixed on Thursday as choppy trading in Malaysia in the past few days pressured trading interest, and the rise in base export prices failed to affect the market. Crude palm oil in North Sumatra's Medan sold at 6,790 rupiah (
Published 06 Jul, 2007 12:00am
Government asks Ghazi to give up unconditionally

Government asks Ghazi to give up unconditionally

Security forces on Thursday stiffened siege around the Lal Masjid but delayed the launch of a full fledged military offensive after deputy cleric Abdul Rashid Ghazi renewed a conditional surrender offer. A stand off, however, still persists with the gover
Published 06 Jul, 2007 12:00am
Africa must capitalise on coffee demand surge

Africa must capitalise on coffee demand surge

Surging demand for African coffee is a unique opportunity for producers, but they must not let quality slip or assume processing is the best way to capitalise on it, a coffee official said on Thursday. East African Fine Coffees Association director Philip
Published 06 Jul, 2007 12:00am
White House accuses Clintons of hypocrisy in Libby case

White House accuses Clintons of hypocrisy in Libby case

The White House on Thursday accused former President Bill Clinton and his wife, Senator Hillary Clinton, of hypocrisy for criticising President George W. Bush's decision to spare ex-aide Lewis "Scooter" Libby from prison.
Published 06 Jul, 2007 12:00am
Indonesian coffee prices up

Indonesian coffee prices up

Indonesian robusta coffee rose on Thursday as local exporters bet on an imminent rise in prices, despite higher supplies as farmers released stocks to pay tuition fees for a new school term. Prices of robusta collected from merchants rose to between 16,50
Published 06 Jul, 2007 12:00am
Change in KSE settlement cycle

Change in KSE settlement cycle

Karachi Stock Exchange (KSE) has announced that the change in settlement cycle from T+3 to T+2 will be effective from August 6. In a notice to the members, the KSE informed them that the governing board of directors, in a resolution dated June 19, approve
Published 06 Jul, 2007 12:00am
Oil hovers near 10-month high

Oil hovers near 10-month high

Oil held steady around $73 a barrel after briefly marking a new 10-month high on Thursday, as dealers waited for weekly US oil inventory data expected to show little change in crude or fuel stocks. London Brent crude, currently seen as more representative
Published 06 Jul, 2007 12:00am
Supreme Court to give short but comprehensive judgement: Ramday

Supreme Court to give short but comprehensive judgement: Ramday

Presiding judge of the 13-member Full Supreme Court bench Justice Khalilur Rehman Ramday has said the court will give a short but comprehensive judgement which will cover all aspects of accountability and independence of the judiciary.
Published 06 Jul, 2007 12:00am
Asian oil swaps rise

Asian oil swaps rise

Outright Asian oil swap prices rose on Thursday as crude hit 10-month highs, while naphtha continued to retreat on concerns over demand. Front-month July fuel oil swaps gained 50 cents to $372.75 on Thursday morning as crude hit the highest front-month pr
Published 06 Jul, 2007 12:00am
Supreme Court to give short but comprehensive judgement: Ramday

Supreme Court to give short but comprehensive judgement: Ramday

Presiding judge of the 13-member Full Supreme Court bench Justice Khalilur Rehman Ramday has said the court will give a short but comprehensive judgement which will cover all aspects of accountability and independence of the judiciary.
Published 06 Jul, 2007 12:00am
Asian physical rubber prices

Asian physical rubber prices

The price of tyre-grade rubber was largely unchanged in Asia on Thursday, but some traders said prices could come down if weather conditions continue to improve, leading to an increase in supplies.
Published 06 Jul, 2007 12:00am
Finance authorised to release PSDP funds

Finance authorised to release PSDP funds

The government has partially set aside the established procedure of monitoring utilisation and evaluation of development funds' by the Planning and Development (P&D) Division and authorised the Ministry of Finance (MoF) to exclusively release funds and ke
Published 06 Jul, 2007 12:00am
Gold slightly up in Asia

Gold slightly up in Asia

Gold edged up on Thursday on light follow-through buying after gains this week, with precious metals in general supported by lingering security concerns and strength in energy prices. Japanese gold futures advanced, but traders were reluctant to take larg
Published 06 Jul, 2007 12:00am
Finance authorised to release PSDP funds

Finance authorised to release PSDP funds

The government has partially set aside the established procedure of monitoring utilisation and evaluation of development funds' by the Planning and Development (P&D) Division and authorised the Ministry of Finance (MoF) to exclusively release funds and ke
Published 06 Jul, 2007 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper rose 1 percent on Thursday, after London futures hit a fresh seven-week high and increasing industrial unrest drew attention to tightening supplies. Shanghai September copper ended up 540 yuan at 66,190 yuan ($8,716) a tonne, after easing
Published 06 Jul, 2007 12:00am
Finance authorised to release PSDP funds

Finance authorised to release PSDP funds

The government has partially set aside the established procedure of monitoring utilisation and evaluation of development funds'' by the Planning and Development (P&D) Division and authorised the Ministry of Finance (MoF) to exclusively release funds and k
Published 06 Jul, 2007 12:00am
Wet summer keeps EU grain crop concerns alive

Wet summer keeps EU grain crop concerns alive

A wet start to Europe's summer has soothed fears of drought but searing heat in the south and too much rain in the west have reignited concerns over the upcoming grain harvest, analysts said on Thursday. French wheat futures, which soared to their highest
Published 06 Jul, 2007 12:00am
Maulana Aziz sent to Adiala Jail

Maulana Aziz sent to Adiala Jail

The Anti-Terrorist Court (ATC) on Thursday sent Maulana Abdul Aziz, Khateeb of Lal Masjid, on seven-day physical remand and his daughter to Adiala Jail in judicial remand. Maulana Abdul Aziz and his daughter Tayyaba Dua alias Amna Abdullah were presented
Published 06 Jul, 2007 12:00am
Middle East market to be active after OSPs

Middle East market to be active after OSPs

Middle East crude trade for September barrels is set to become active as refiners begin drafting loading programmes after the release of official selling prices of major exporters such as Saudi Arabia, traders said.
Published 06 Jul, 2007 12:00am
Maulana Aziz sent to Adiala Jail

Maulana Aziz sent to Adiala Jail

The Anti-Terrorist Court (ATC) on Thursday sent Maulana Abdul Aziz, Khateeb of Lal Masjid, on seven-day physical remand and his daughter to Adiala Jail in judicial remand. Maulana Abdul Aziz and his daughter Tayyaba Dua alias Amna Abdullah were presented
Published 06 Jul, 2007 12:00am
Wheat bids seen trimming Indian purchase

Wheat bids seen trimming Indian purchase

India received seven bids for a one million tonne wheat import tender at prices between $320-$360 per tonne, levels at which traders said the government was unlikely to buy large quantities.
Published 06 Jul, 2007 12:00am
UK and China praise Musharraf

UK and China praise Musharraf

British Prime Minister Gordon Brown telephoned President Pervez Musharraf on Thursday to praise his efforts to curb militancy and terrorism, a senior Pakistani official said. It was Brown's first contact with the Pakistani military ruler, a key ally in in
Published 06 Jul, 2007 12:00am
Burundi direct coffee sales system lauded

Burundi direct coffee sales system lauded

Burundi coffee producers welcomed a government decision to introduce direct sales that will bypass a central auction system, saying it would improve their income. The tiny central African producer will abandon the weekly sale system this month at the star
Published 06 Jul, 2007 12:00am
UK and China praise Musharraf

UK and China praise Musharraf

British Prime Minister Gordon Brown telephoned President Pervez Musharraf on Thursday to praise his efforts to curb militancy and terrorism, a senior Pakistani official said. It was Brown's first contact with the Pakistani military ruler, a key ally in in
Published 06 Jul, 2007 12:00am
Rwanda 2007 coffee output to drop by 35 percent

Rwanda 2007 coffee output to drop by 35 percent

Rwanda's coffee production is expected to decline by 35 percent in 2007 following insufficient fertiliser use, the coffee board said on Wednesday. The country's coffee sector regulator, OCIRCAFE, sees production falling to 17,000 tonnes from 26,000 in 200
Published 06 Jul, 2007 12:00am
SITUATIONER: some similarities and differences between two operations

SITUATIONER: some similarities and differences between two operations

"At 4 pm on 5 June, Indian army officers called upon the civilians inside the Golden Temple to come out, and for the armed extremists within to surrender. None of Bhindranwale's people emerged, but 126 others--worshippers, pilgrims and moderate Sikhs--did
Published 06 Jul, 2007 12:00am
Australian wool indicator drops

Australian wool indicator drops

The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) declined one cent to 931c a kg clean at sales on Wednesday. AWEX said its northern indicator at sales in Sydney dropped 2 cents to 958c/kg, the southern indicator at sales in Melb
Published 06 Jul, 2007 12:00am
SITUATIONER: some similarities and differences between two operations

SITUATIONER: some similarities and differences between two operations

"At 4 pm on 5 June, Indian army officers called upon the civilians inside the Golden Temple to come out, and for the armed extremists within to surrender. None of Bhindranwale's people emerged, but 126 others--worshippers, pilgrims and moderate Sikhs--did
Published 06 Jul, 2007 12:00am
Brazil mill to buy more wheat outside Mercosur

Brazil mill to buy more wheat outside Mercosur

M. Dias Branco, Brazil's third-largest milling group, said on Wednesday that it will buy slightly more wheat from outside Mercosur than last year. Canada could be one of the origins, said investments vice-president for Dias Branco, Geraldo Luciano, adding
Published 06 Jul, 2007 12:00am
CFS rollover transaction matters reviewed

CFS rollover transaction matters reviewed

The board of directors of Karachi Stock Exchange (KSE) has reviewed the matter regarding rollover of CFS transactions. The board decided to allow the CFS trades (Ticket 2) release for rollover by the financee only in the following scenarios.
Published 06 Jul, 2007 12:00am
Iraq seeks freight to ship Canada wheat

Iraq seeks freight to ship Canada wheat

The Iraq Grain Board has issued a freight tender seeking a vessel to transport this month the first 50,000 tonnes of 300,000 to 400,000 tonnes of North American purchased in May, trade sources said on Wednesday. The wheat would be loaded at one to three b
Published 06 Jul, 2007 12:00am
CFS rollover transaction matters reviewed

CFS rollover transaction matters reviewed

The board of directors of Karachi Stock Exchange (KSE) has reviewed the matter regarding rollover of CFS transactions. The board decided to allow the CFS trades (Ticket 2) release for rollover by the financee only in the following scenarios.
Published 06 Jul, 2007 12:00am
New crop cotton dispatched by Punjab ginnery

New crop cotton dispatched by Punjab ginnery

While the Sindh ginners from Sultanabad, Sanghar and Tando Adam have sold 5,800 bales new crop (2007-08) cotton for delivery extending from the 15th of July to 15th of August 2007, two factories, viz one each in Burewala and Sahiwal in Punjab have sold 10
Published 06 Jul, 2007 12:00am
CFS rollover transaction matters reviewed

CFS rollover transaction matters reviewed

The board of directors of Karachi Stock Exchange (KSE) has reviewed the matter regarding rollover of CFS transactions. The board decided to allow the CFS trades (Ticket 2) release for rollover by the financee only in the following scenarios.
Published 06 Jul, 2007 12:00am
New crop cotton dispatched by Punjab ginnery

New crop cotton dispatched by Punjab ginnery

While the Sindh ginners from Sultanabad, Sanghar and Tando Adam have sold 5,800 bales new crop (2007-08) cotton for delivery extending from the 15th of July to 15th of August 2007, two factories, viz one each in Burewala and Sahiwal in Punjab have sold 10
Published 06 Jul, 2007 12:00am
KSE-100 index breaches 14,000 historic level

KSE-100 index breaches 14,000 historic level

Karachi share market witnessed a bullish session as the benchmark KSE-100 index finally breached through 14,000 historic level on the back of fresh buying mainly in oil sector on Thursday. The overall market capitalisation surged by Rs 33 billion to reach
Published 06 Jul, 2007 12:00am
Sugar prices higher in grain market

Sugar prices higher in grain market

Sugar prices were higher on the grain market on Thursday amid subdued business as most of the buyers kept on the sidelines due to lack of fresh interest, dealers said. Sugar prices were modestly higher as the low type rose by Rs 50 to Rs 2600 and the good
Published 06 Jul, 2007 12:00am
KSE-100 index breaches 14,000 historic level

KSE-100 index breaches 14,000 historic level

Karachi share market witnessed a bullish session as the benchmark KSE-100 index finally breached through 14,000 historic level on the back of fresh buying mainly in oil sector on Thursday. The overall market capitalisation surged by Rs 33 billion to reach
Published 06 Jul, 2007 12:00am
Dyes move up in Jodia Bazaar

Dyes move up in Jodia Bazaar

The trading on dyes moved up on JJodia Bazaar here on Thursday. The following variations were noted.
Published 06 Jul, 2007 12:00am
KSE-100 index breaches 14,000 historic level

KSE-100 index breaches 14,000 historic level

Karachi share market witnessed a bullish session as the benchmark KSE-100 index finally breached through 14,000 historic level on the back of fresh buying mainly in oil sector on Thursday. The overall market capitalisation surged by Rs 33 billion to reach
Published 06 Jul, 2007 12:00am
Prices remain firmer in cotton market

Prices remain firmer in cotton market

Firmness prevailed on the cotton market on Thursday as the prices remained upward due to uncertainty about the damage to crop during the current rains, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2650, they ad
Published 06 Jul, 2007 12:00am
BRIndex30 drops 65.3 points

BRIndex30 drops 65.3 points

On Thursday, BRIndex30 opened at 15,469.99 in the positive zone with an upward gap of 74.7 points. It closed at 15,329.99 with a net negative change of -65.3 points or -0.42 percent. It recorded intra-day high and intra-day low of 15,502.07 and 15,329.99
Published 06 Jul, 2007 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was unchanged while the December vaida was down sharply on the forward cottonseed oilcake market on Thursday, brokers said. The July vaida was unchanged at Rs 650.00 and closing was seen at the same level without any variation, they said.
Published 06 Jul, 2007 12:00am
BRIndex30 drops 65.3 points

BRIndex30 drops 65.3 points

On Thursday, BRIndex30 opened at 15,469.99 in the positive zone with an upward gap of 74.7 points. It closed at 15,329.99 with a net negative change of -65.3 points or -0.42 percent. It recorded intra-day high and intra-day low of 15,502.07 and 15,329.99
Published 06 Jul, 2007 12:00am
Indian steel glut to trim South African coal demand

Indian steel glut to trim South African coal demand

Indian demand for South African coal is set to drop, threatening sharply lower prices, as iron makers there cut back, hit by falling prices in the steel market they supply and rising costs for imported coal.
Published 06 Jul, 2007 12:00am
Unreliable wheat output figure upsets Minfal

Unreliable wheat output figure upsets Minfal

The Ministry of Food, Agriculture and Livestock (Minfal) is facing embarrassment due to unreliable wheat output statistics as some of the policy makers are contesting the production figures of 23.5 million tonnes.
Published 06 Jul, 2007 12:00am
World grain output likely to rise

World grain output likely to rise

World grain output will likely rise in the next decade as producers are encouraged by soaring prices around the globe and developing countries try to answer increasing food needs, a major study said on Wednesday.
Published 06 Jul, 2007 12:00am
Unreliable wheat output figure upsets Minfal

Unreliable wheat output figure upsets Minfal

The Ministry of Food, Agriculture and Livestock (Minfal) is facing embarrassment due to unreliable wheat output statistics as some of the policy makers are contesting the production figures of 23.5 million tonnes.
Published 06 Jul, 2007 12:00am
US Midwest bids for corn and soyabean steady

US Midwest bids for corn and soyabean steady

Spot basis bids for corn rose at river terminals around the US Midwest on Thursday due to rising demand from exporters, grain dealers said. Cash bids for corn and soyabeans were steady at interior locations. Wheat bids were steady to firm around the regio
Published 06 Jul, 2007 12:00am
Unreliable wheat output figure upsets Minfal

Unreliable wheat output figure upsets Minfal

The Ministry of Food, Agriculture and Livestock (Minfal) is facing embarrassment due to unreliable wheat output statistics as some of the policy makers are contesting the production figures of 23.5 million tonnes.
Published 06 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 Thursday, with sentiment lifted by confirmation of a sale to Iraq, traders said. "Every little bit helps," a trader said after USDA announced the sale of 100,000 tonnes of HRW wheat to Iraq
Published 06 Jul, 2007 12:00am
Gulf corn firmer on export demand

Gulf corn firmer on export demand

US CIF corn barge basis values were firmer Thursday on continued strong export demand, while soyabeans held steady, traders said. Hard and soft red winter wheat values were steady amid recent purchases by Iraq, Egypt and South Korea.
Published 06 Jul, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 123,168 tonnes cargo including 95,935 tonnes import, 27,233 tonnes export cargo and 4,162 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 83,770 tonnes dry cargo including 51,674 ton
Published 06 Jul, 2007 12:00am
ONIGC sees French wheat crop up

ONIGC sees French wheat crop up

French arable crop office ONIGC said on Wednesday it expected France's soft wheat output in the 2007/08 season to be 35 million tonnes, up 5 percent on 2006/07, but said the final volume would depend on the weather. ONIGC said the weather in the coming tw
Published 06 Jul, 2007 12:00am
IPI pipeline project: Iran presents revised price formula

IPI pipeline project: Iran presents revised price formula

Tehran has presented a revised gas formula for Iran-Pakistan-India (IPI) pipeline project, demanding review of the rates after every three years. Iranian authorities presented the revised gas formula for IPI during its working group's meeting held in New
Published 06 Jul, 2007 12:00am
IPI pipeline project: Iran presents revised price formula

IPI pipeline project: Iran presents revised price formula

Tehran has presented a revised gas formula for Iran-Pakistan-India (IPI) pipeline project, demanding review of the rates after every three years. Iranian authorities presented the revised gas formula for IPI during its working group's meeting held in New
Published 06 Jul, 2007 12:00am
IPI pipeline project: Iran presents revised price formula

IPI pipeline project: Iran presents revised price formula

Tehran has presented a revised gas formula for Iran-Pakistan-India (IPI) pipeline project, demanding review of the rates after every three years. Iranian authorities presented the revised gas formula for IPI during its working group''s meeting held in New
Published 06 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 06 Jul, 2007 12:00am
Exporters cancel wheat export orders

Exporters cancel wheat export orders

Wheat exporters have cancelled over 0.6 million tonne export orders following the announcement of a ban on its exports by the government, trade sources told Business Recorder on Thursday.
Published 06 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 06 Jul, 2007 12:00am
Exporters cancel wheat export orders

Exporters cancel wheat export orders

Wheat exporters have cancelled over 0.6 million tonne export orders following the announcement of a ban on its exports by the government, trade sources told Business Recorder on Thursday.
Published 06 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 Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Exporters cancel wheat export orders

Exporters cancel wheat export orders

Wheat exporters have cancelled over 0.6 million tonne export orders following the announcement of a ban on its exports by the government, trade sources told Business Recorder on Thursday.
Published 06 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 Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
New 'competition policy' to replace MCA

New 'competition policy' to replace MCA

The government has approved a new 'competition policy and law in Pakistan', which would be either promulgated through a Presidential Ordinance or presented before the Parliament. Chairman Monopoly Control Authority (MCA) Khalid A Mirza expressed his views
Published 06 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 Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
New 'competition policy' to replace MCA

New 'competition policy' to replace MCA

The government has approved a new 'competition policy and law in Pakistan', which would be either promulgated through a Presidential Ordinance or presented before the Parliament. Chairman Monopoly Control Authority (MCA) Khalid A Mirza expressed his views
Published 06 Jul, 2007 12:00am
New ''competition policy'' to replace MCA

New ''competition policy'' to replace MCA

The government has approved a new ''competition policy and law in Pakistan'', which would be either promulgated through a Presidential Ordinance or presented before the Parliament. Chairman Monopoly Control Authority (MCA) Khalid A Mirza expressed his vie
Published 06 Jul, 2007 12:00am
Gallup perception survey irks FBR

Gallup perception survey irks FBR

The Federal Board of Revenue (FBR) has raised objections on the perception survey being conducted by the Gallup Pakistan for obtaining the viewpoint of taxpayers and government departments about the integrity of the FBR employees.
Published 06 Jul, 2007 12:00am
Gallup perception survey irks FBR

Gallup perception survey irks FBR

The Federal Board of Revenue (FBR) has raised objections on the perception survey being conducted by the Gallup Pakistan for obtaining the viewpoint of taxpayers and government departments about the integrity of the FBR employees.
Published 06 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 Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Gallup perception survey irks FBR

Gallup perception survey irks FBR

The Federal Board of Revenue (FBR) has raised objections on the perception survey being conducted by the Gallup Pakistan for obtaining the viewpoint of taxpayers and government departments about the integrity of the FBR employees.
Published 06 Jul, 2007 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities depicted a volatile behaviour on the Lahore stock market on Thursday, where the benchmark index ended with a fractional fall, however, volume showed a slight improvement. The LSE-25 index finished at 4,875.90 points as opposed to 4,882.33 of Wedn
Published 06 Jul, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 05, 2007).
Published 06 Jul, 2007 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities depicted a volatile behaviour on the Lahore stock market on Thursday, where the benchmark index ended with a fractional fall, however, volume showed a slight improvement. The LSE-25 index finished at 4,875.90 points as opposed to 4,882.33 of Wedn
Published 06 Jul, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Mixed trend on ISE

Mixed trend on ISE

Mixed trend was observed at the Islamabad Stock Exchange (ISE) where bulls and bears had a close fight amid increase in index. ISE-10 Index showed an increase of 1.09 points as it moved from 2,744.86 to 2,745.95 points. The overall turnover amounted to 3,
Published 06 Jul, 2007 12:00am
Mixed trend on ISE

Mixed trend on ISE

Mixed trend was observed at the Islamabad Stock Exchange (ISE) where bulls and bears had a close fight amid increase in index. ISE-10 Index showed an increase of 1.09 points as it moved from 2,744.86 to 2,745.95 points. The overall turnover amounted to 3,
Published 06 Jul, 2007 12:00am
Hub Dam water dues: Balochistan asks Sindh to make payment

Hub Dam water dues: Balochistan asks Sindh to make payment

Provincial Minister Balochistan and Member Inter-Provincial Co-ordination (IPC), Syed Sher Jan Baloch has demanded of the Sindh Government to make payment of decades-old Hub water dues of Rs 12 billion to Balochistan.
Published 06 Jul, 2007 12:00am
Hub Dam water dues: Balochistan asks Sindh to make payment

Hub Dam water dues: Balochistan asks Sindh to make payment

Provincial Minister Balochistan and Member Inter-Provincial Co-ordination (IPC), Syed Sher Jan Baloch has demanded of the Sindh Government to make payment of decades-old Hub water dues of Rs 12 billion to Balochistan.
Published 06 Jul, 2007 12:00am
Hub Dam water dues: Balochistan asks Sindh to make payment

Hub Dam water dues: Balochistan asks Sindh to make payment

Provincial Minister Balochistan and Member Inter-Provincial Co-ordination (IPC), Syed Sher Jan Baloch has demanded of the Sindh Government to make payment of decades-old Hub water dues of Rs 12 billion to Balochistan.
Published 06 Jul, 2007 12:00am
Texas offers to help Pakistan develop wind power technology

Texas offers to help Pakistan develop wind power technology

Texas is one of the best examples in wind power technology and Pakistan can benefit a lot from the experience and advancement of this technology in Texas. This stated by Emerging Technology Programmes Director and President of Texas Council, USA, Mark Eli
Published 06 Jul, 2007 12:00am
Texas offers to help Pakistan develop wind power technology

Texas offers to help Pakistan develop wind power technology

Texas is one of the best examples in wind power technology and Pakistan can benefit a lot from the experience and advancement of this technology in Texas. This stated by Emerging Technology Programmes Director and President of Texas Council, USA, Mark Eli
Published 06 Jul, 2007 12:00am
Texas offers to help Pakistan develop wind power technology

Texas offers to help Pakistan develop wind power technology

Texas is one of the best examples in wind power technology and Pakistan can benefit a lot from the experience and advancement of this technology in Texas. This stated by Emerging Technology Programmes Director and President of Texas Council, USA, Mark Eli
Published 06 Jul, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
No danger to Kamber and Shahdadkot towns: Arbab

No danger to Kamber and Shahdadkot towns: Arbab

Sindh Chief Minister Dr Arbab Ghulam Rahim has said that there was no danger of Kamber and Shahdadkot towns submerging in flood water as it is 12 kilometers away from these towns.
Published 06 Jul, 2007 12:00am
No danger to Kamber and Shahdadkot towns: Arbab

No danger to Kamber and Shahdadkot towns: Arbab

Sindh Chief Minister Dr Arbab Ghulam Rahim has said that there was no danger of Kamber and Shahdadkot towns submerging in flood water as it is 12 kilometers away from these towns.
Published 06 Jul, 2007 12:00am
BEP tribunal issues show-cause notice to Chinese company

BEP tribunal issues show-cause notice to Chinese company

Balochistan Environmental Protection (BEP) Tribunal here on Thursday issued show cause notice a Chinese company Huawi Technologies Pakistan as to why penalty should not be imposed for having not obtained Environmental Impact Assessment Report (EIAR) under
Published 06 Jul, 2007 12:00am
CARE Australia donates $250,000 for flood victims

CARE Australia donates $250,000 for flood victims

CARE Australia is spending $250,000 to purchase tents, blankets and clothing for families who have been left homeless after the severe flooding in Pakistan. Cyclone Yemyin hit Pakistan last week causing hundreds of deaths and affecting over two million pe
Published 06 Jul, 2007 12:00am
20 killed as jeep falls into ravine

20 killed as jeep falls into ravine

Twenty people were killed and two seriously injured as a jeep fell into a deep ravine while it was proceeding to its destination in Mansehra on Thursday morning, reports said. The driver lost control of a vehicle, which was going from Manuwar to Mehandri
Published 06 Jul, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
20 killed as jeep falls into ravine

20 killed as jeep falls into ravine

Twenty people were killed and two seriously injured as a jeep fell into a deep ravine while it was proceeding to its destination in Mansehra on Thursday morning, reports said. The driver lost control of a vehicle, which was going from Manuwar to Mehandri
Published 06 Jul, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Four cops killed in ambush

Four cops killed in ambush

Four police personnel were shot dead in an ambush attack on a police van by unknown armed persons during wee hours of Thursday in Mattani, a suburban locality of Peshawar. The police party was on routine patrol when the attackers open fire on it in Janey
Published 06 Jul, 2007 12:00am
Four cops killed in ambush

Four cops killed in ambush

Four police personnel were shot dead in an ambush attack on a police van by unknown armed persons during wee hours of Thursday in Mattani, a suburban locality of Peshawar. The police party was on routine patrol when the attackers open fire on it in Janey
Published 06 Jul, 2007 12:00am
Nawid made NAB's new chairman

Nawid made NAB's new chairman

Nawid Ahsan, Secretary General, Finance has been appointed Chairman National Accountability Bureau (NAB) with immediate effect, it was officially stated here on Thursday. He will replace Lieutenant General Shahid Aziz (Retd) who has resigned.
Published 06 Jul, 2007 12:00am
Nawid made NAB's new chairman

Nawid made NAB's new chairman

Nawid Ahsan, Secretary General, Finance has been appointed Chairman National Accountability Bureau (NAB) with immediate effect, it was officially stated here on Thursday. He will replace Lieutenant General Shahid Aziz (Retd) who has resigned.
Published 06 Jul, 2007 12:00am
Nawid made NAB''s new chairman

Nawid made NAB''s new chairman

Nawid Ahsan, Secretary General, Finance has been appointed Chairman National Accountability Bureau (NAB) with immediate effect, it was officially stated here on Thursday. He will replace Lieutenant General Shahid Aziz (Retd) who has resigned.
Published 06 Jul, 2007 12:00am
OGDCL discovers gas in Tando Allah Yar

OGDCL discovers gas in Tando Allah Yar

The Oil and Gas Development Company Limited (OGDCL) has made a Gas and Condensate discovery from its exploratory well Chandio 01 of Tando Allah Yar Exploration Licence located in district Hyderabad. The Hydrocarbon was found from Lower Goru Formation.
Published 06 Jul, 2007 12:00am
OGDCL discovers gas in Tando Allah Yar

OGDCL discovers gas in Tando Allah Yar

The Oil and Gas Development Company Limited (OGDCL) has made a Gas and Condensate discovery from its exploratory well Chandio 01 of Tando Allah Yar Exploration Licence located in district Hyderabad. The Hydrocarbon was found from Lower Goru Formation.
Published 06 Jul, 2007 12:00am
OGDCL discovers gas in Tando Allah Yar

OGDCL discovers gas in Tando Allah Yar

The Oil and Gas Development Company Limited (OGDCL) has made a Gas and Condensate discovery from its exploratory well Chandio 01 of Tando Allah Yar Exploration Licence located in district Hyderabad. The Hydrocarbon was found from Lower Goru Formation.
Published 06 Jul, 2007 12:00am
Dialogue process with Pakistan has slowed down: Manmohan

Dialogue process with Pakistan has slowed down: Manmohan

Indian Prime Minister Manmohan Singh said on Thursday that Pak-India dialogue process had slowed down because of the "situation" in Pakistan. "The dialogue has slowed down, not because of us, but because of the situation in Pakistan," he told a group of w
Published 06 Jul, 2007 12:00am
Dialogue process with Pakistan has slowed down: Manmohan

Dialogue process with Pakistan has slowed down: Manmohan

Indian Prime Minister Manmohan Singh said on Thursday that Pak-India dialogue process had slowed down because of the "situation" in Pakistan. "The dialogue has slowed down, not because of us, but because of the situation in Pakistan," he told a group of w
Published 06 Jul, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Jul, 2007 12:00am
'Economic boom fails to control disparity'

'Economic boom fails to control disparity'

Despite having economic growth we have disparities in our system that include gender, regional, rural and urban interpersonal inequalities. As a result, the benefits of economic growth have not been distributed equitably and 20 percent people command half
Published 06 Jul, 2007 12:00am
'Economic boom fails to control disparity'

'Economic boom fails to control disparity'

Despite having economic growth we have disparities in our system that include gender, regional, rural and urban interpersonal inequalities. As a result, the benefits of economic growth have not been distributed equitably and 20 percent people command half
Published 06 Jul, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
''Economic boom fails to control disparity''

''Economic boom fails to control disparity''

Despite having economic growth we have disparities in our system that include gender, regional, rural and urban interpersonal inequalities. As a result, the benefits of economic growth have not been distributed equitably and 20 percent people command half
Published 06 Jul, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 06 Jul, 2007 12:00am
World Bank team calls on Sindh chief secretary

World Bank team calls on Sindh chief secretary

Sindh Chief Secretary Shakil Durrani has stressed on the need to develop a conducive atmosphere to aware the people, particularly, parents about the importance of education so that they can send their children to the educational institutes.
Published 06 Jul, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Jul, 2007 12:00am
ICIET conference begins today

ICIET conference begins today

Professor Dr Atta-ur-Rehman, Chairman, Higher Education Commission (HEC) will inaugurate International Conference on Information and Emerging Technologies (ICIET-2007) at the main campus of National University of Computer and Emerging Sciences here on Jul
Published 06 Jul, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Jul, 2007 12:00am
CDA's e-services to facilitate speedy delivery to citizens

CDA's e-services to facilitate speedy delivery to citizens

Ministry of Information Technology is working on a programme to enhance current IT infrastructure at Capital Development Authority (CDA) and to facilitate speedy delivery of its services to citizens.
Published 06 Jul, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Karachi recovering from effects of storm and rain

Karachi recovering from effects of storm and rain

Karachi is fast recovering from the effects of the storm and torrential rains that had hit the city in end of June and threatened to continue through the first week of July, reports UPP correspondent. One of the most visual signs of the recovery in the ci
Published 06 Jul, 2007 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Makran Coastal Highway to be cleared for traffic within two days

Makran Coastal Highway to be cleared for traffic within two days

The entire Makran Coastal Highway (MCH) will be cleared for traffic between Karachi and Gwadar, within a day or two, after completion of temporary reconstruction work on the damaged far and home banks of the approach roads of different bridges and culvert
Published 06 Jul, 2007 12:00am
No shortage of wheat in Sindh, says Advisor

No shortage of wheat in Sindh, says Advisor

The Food Department has a sufficient stock of 6.1 million wheat bags of 100 kilograms each and they are being transported from various districts to Karachi for supply to flour mills. This was stated by the Advisor to CM on Food and Agriculture, Ghulam Mur
Published 06 Jul, 2007 12:00am
Taluka city Hyderabad budget announced

Taluka city Hyderabad budget announced

The budget of Taluka city Hyderabad of Rs 446,545,000 has been announced by Taluka city Nazim Jawaid Jabbar for fiscal year 2007-08.Budget conference was held under the chairmanship of convenor Ghulam Shabbar Chussti at Jinnah Hall Hyderabad. Taluka City
Published 06 Jul, 2007 12:00am
Taluka city Hyderabad budget announced

Taluka city Hyderabad budget announced

The budget of Taluka city Hyderabad of Rs 446,545,000 has been announced by Taluka city Nazim Jawaid Jabbar for fiscal year 2007-08.Budget conference was held under the chairmanship of convenor Ghulam Shabbar Chussti at Jinnah Hall Hyderabad. Taluka City
Published 06 Jul, 2007 12:00am
Sessi to spend 73 percent of budget on medical facilities

Sessi to spend 73 percent of budget on medical facilities

Sindh Employees Social Security Institution (Sessi) is to spend 73 percent of its budget (Rs 772.9 million) to provide medical facilities to 65,314 registered workers and their dependents during fiscal year 2007-08. In new budget, Rs 130.5 million are all
Published 06 Jul, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Lawyers ask APC participants not to accept polls under Musharraf

Lawyers ask APC participants not to accept polls under Musharraf

The Pakistan Bar Council and Supreme Court Bar Association have asked participants of the All Parties Conference in London this weekend not to participate in any election held under General Pervez Musharraf which, they alleged, are bound to be rigged and
Published 06 Jul, 2007 12:00am
Punjab Bar Council not to attend APC

Punjab Bar Council not to attend APC

Punjab Bar Council (PBC) has decided not to attend the All Parties Conference (APC) convened by PML-N at London. While addressing a press conference, here on Thursday, Vice Chairman PBC Amjad Warriach, Chaudhry Ramzan and others said that they are profess
Published 06 Jul, 2007 12:00am
Rally held against suspension of CJP

Rally held against suspension of CJP

The lawyers on Thursday observed strike and also held a rally to protest against suspension of Chief Justice of Pakistan Iftikhar Muhammad Chaudhry. Political workers, human rights activists, teachers, doctors and students joined the rally.
Published 06 Jul, 2007 12:00am
Chinese Admiral visits Navy Headquarters

Chinese Admiral visits Navy Headquarters

Admiral Hu Yanlin, Political Commissar PLA (Navy), China, who is currently on an official visit to Pakistan, on the invitation of Chief of the Naval Staff, Admiral Muhammad Afzal Tahir visited Naval Headquarters, Islamabad on Thursday, says a press releas
Published 06 Jul, 2007 12:00am
THE RUPEE: all round fall in currency market

THE RUPEE: all round fall in currency market

Weak sentiment was witnessed in the interbank market on Thursday as the rupee shed two paisa against dollar for buying at Rs 60.40 and it slid three paisa for selling at Rs 60.42, respectively. The demand for dollar was up as importers were a little bit a
Published 06 Jul, 2007 12:00am
Paco to be made as joint venture with Chinese firm: Tareen

Paco to be made as joint venture with Chinese firm: Tareen

The government has decided to revive Pakistan Automobile Company (Paco) as a joint venture with Dong Feng, one of the biggest Chinese auto manufacturers rather than selling it to the private sector.
Published 06 Jul, 2007 12:00am
THE RUPEE: all round fall in currency market

THE RUPEE: all round fall in currency market

Weak sentiment was witnessed in the interbank market on Thursday as the rupee shed two paisa against dollar for buying at Rs 60.40 and it slid three paisa for selling at Rs 60.42, respectively. The demand for dollar was up as importers were a little bit a
Published 06 Jul, 2007 12:00am
Two hours curfew relaxed in G-6 sector

Two hours curfew relaxed in G-6 sector

For the first time, the government allowed some relaxation in curfew hours from 1:30 pm to 3:30 pm so that people of sector G-6 could buy edibles items from the market. The Utility Stores mobile vans provided food items to the people of G-6 area, however,
Published 06 Jul, 2007 12:00am
Government's negligence adds miseries of flood victims: HRCP

Government's negligence adds miseries of flood victims: HRCP

The negligence on the part of government has added to the miseries of flood affected people as most of them are dying due to scarcity of food, Iqbal Haider, Secretary General of Human Rights Commission of Pakistan (HRCP), said while addressing a press con
Published 06 Jul, 2007 12:00am
'Government distorting election process through ECP'

'Government distorting election process through ECP'

The Election Commission of Pakistan (ECP) has denied voting rights to 38 million people for the upcoming November 2007 elections. Most of the persons who have been denied their right to vote are women in the previous elections, held in 2002, 71.86 million
Published 06 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Multan lawyers observe strike

Multan lawyers observe strike

Local lawyers observed complete strike on Thursday and boycotted their professional duties on the 100th day of their protest. They also attended hunger strike camps. Activists of several NGOs also participated in the lawyers' strike by sitting at their hu
Published 06 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Ulema not to protest Lal Masjid issue

Ulema not to protest Lal Masjid issue

The ulema of various schools of thought on Thursday unanimously decided not to protest against the Lal Masjid issue on Friday. The decision was taken at a meeting of District Peace Committee held here at the residence of Pir Syed Izhar Hussain Shah Bukhar
Published 06 Jul, 2007 12:00am
Shujaat distributes relief goods among Johi rain victims

Shujaat distributes relief goods among Johi rain victims

Pakistan Muslim League President Chaudhry Shujaat Hussain has said that the government is making all out efforts to provide maximum relief and early rehabilitation of rain and flood affected people of Balochistan and Sindh.
Published 06 Jul, 2007 12:00am
No negotiations with Lal Masjid clerics: Ejaz

No negotiations with Lal Masjid clerics: Ejaz

Federal Minister for Religious Affairs, Ejazul Haq on Thursday said the stage to hold negotiations with clerics of Lal Masjid had passed as talks for past six months did not yield any result. Speaking to PTV, he said Maulana Abdul Aziz, arrested on Wednes
Published 06 Jul, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Experts advise precautions to avert dengue fever

Experts advise precautions to avert dengue fever

Physicians have suggested necessary precautions to avert possibility of dengue fever outbreak in Karachi and other parts of the province after the recent rains.
Published 06 Jul, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 05, 2007).

Published 06 Jul, 2007 12:00am
Chinese Admiral calls on General Ehsan

Chinese Admiral calls on General Ehsan

Admiral Hu Yanlin, Political Commissar of PLA (Navy) on Thursday called on General Ehsan ul Haq, Chairman Joint Chiefs of Staff Committee at the Joint Staff Headquarters Chaklala. Admiral Yanlin is currently on an official visit to Pakistan.
Published 06 Jul, 2007 12:00am
AKU-EB SSC results announced

AKU-EB SSC results announced

The Aga Khan University Examination Board (AKU-EB) on Thursday released its first composite examination results for SSC. A press release issued here said that 35 percent candidates passed the examination in Grades A-1 and A, and 26 percent in Grade B with
Published 06 Jul, 2007 12:00am
Rs 647.74 million GCU budget for 2007-08 approved

Rs 647.74 million GCU budget for 2007-08 approved

The GC University Syndicate in its 20th meeting held here on Thursday approved the budget of Rs 647.74 million for 2007-08. An amount of Rs 365.786 million has been made available for non-development and Rs 228.833 million for development projects during
Published 06 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 06 Jul, 2007 12:00am
Punjab University gets NoC for housing society

Punjab University gets NoC for housing society

The launching of housing scheme for university employees is a significant step of vice-chancellor Arshad Mahmood and university employees will get a roof for their families during service or after retirement.
Published 06 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 06 Jul, 2007 12:00am
'Hunarmand Punjab' being implemented successfully

'Hunarmand Punjab' being implemented successfully

The two phases to impart special technical training to 50,000 girls and boys in various technical institutions of the province under Chief Minister's "Hunarmand Punjab" Programme has been completed and more than 25,000 students have obtained admission in
Published 06 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 06 Jul, 2007 12:00am
UVAS to be converted into center of excellence

UVAS to be converted into center of excellence

Vice Chancellor of University of Veterinary and Animal Sciences Bhoneke Campus Pattoki Dr Nawaz Ahmad has said that each department of University would be converted into the center of excellence in the field of most modern research based scientific educat
Published 06 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (July 05, 2007) and the forecast for Friday (July 06, 2007).
Published 06 Jul, 2007 12:00am
OIC Business Owners body may be launched in November

OIC Business Owners body may be launched in November

An international body entitled 'Business Owners Association'(BOA) based on the resolution of the Islamic Conference of the foreign ministers held in Baku, Azerbaijan in June last year will be launched in November this year.
Published 06 Jul, 2007 12:00am
KSE developing interface for members

KSE developing interface for members

The management of Karachi Stock Exchange (KSE) is developing an interface for members through which members can log and store the receiving orders electronically at their dedicated local machine/server.
Published 06 Jul, 2007 12:00am
Rs 750 prize bonds draw on July 16

Rs 750 prize bonds draw on July 16

The 31st draw of Rs 750 denomination Prize Bonds will be held on July 16. A press release issued here on Thursday said the draw would be held at 9 pm at the North Nazimabad branch of the State Bank of Pakistan (SBP).
Published 06 Jul, 2007 12:00am
'Better planning helps reduce business risks'

'Better planning helps reduce business risks'

Senior partner of BDO, Indonesia, Phil Leifermann, has said that the enterprise risk management is already international best practice and is implemented by many of the world's leading organisations with positive and tangible results.
Published 06 Jul, 2007 12:00am
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