News Archives for Print - 2005-05-23

Meezan Bank Limited (Meezan Bank) has been incorporated in Pakistan on January 27, 1997 as a public limited company under the Companies Ordinance, 1984 and its shares are quoted on the Karachi Stock Exchange. The 'certificate of commencement of business'

Published 23 May, 2005 12:00am

Commercial Banks: MEEZAN BANK LIMITED - Quarter Ended March 31, 2005

Meezan Bank Limited (Meezan Bank) has been incorporated in Pakistan on January 27, 1997 as a public limited company under the Companies Ordinance, 1984 and its shares are quoted on the Karachi Stock Exchange. The 'certificate of commencement of business'

Published 23 May, 2005 12:00am

Family drama saps Myskina

French Open defending champion Anastasia Myskina spoke on Sunday for the first time of the family drama that has sapped her morale. The day before she opens the defence of her title against Spain's Maria Sanchez Lorenzo, Myskina said that her mother was s

Published 23 May, 2005 12:00am

Penpics of women's favourites

Penpics of the favourites for the women's singles title at the French Open which gets under way at Roland Garros on Monday (WTA world rankings in brackets):

Published 23 May, 2005 12:00am

Perry fires 64 to double his lead at Colonial

American Kenny Perry fired his third straight round in the low 60s, posting a six-under 64 in Saturday's third round of the Colonial. Perry, the record-setting winner here in 2003, more than doubled his lead at the five million dollar PGA event. Perry beg

Published 23 May, 2005 12:00am

Pakistan show up West Indies frailty again in second ODI

Pakistan again exposed the fragility of the West Indies' batting to clinch a comfortable 40-run triumph in their second one day international on Saturday. West Indies were dismissed for 218 in 48.2 overs, chasing 259 to win, to concede an unbeatable 2-0 l

Published 23 May, 2005 12:00am

French Open men's draw

Revised draw for the first round of the men's singles at the 2005 French Open, which gets underway at Roland Garros here on Monday, following the withdrawal of Potito Starace: (x denotes seeded player):

Published 23 May, 2005 12:00am

Fearless Federer confident of making history

Roger Federer has shrugged off the hovering menace of Rafael Nadal to insist he has his greatest opportunity to win an elusive French Open crown when the second Grand Slam tournament of the season starts here on Monday. The 23-year-old world number one ha

Published 23 May, 2005 12:00am

Some players abused Wright: Gavaskar

Former India captain Sunil Gavaskar has said some Indian players abused John Wright in his latter stages as India coach which could have influenced the New Zealander's decision not to extend his contract. "One of the things that may have made up John's mi

Published 23 May, 2005 12:00am

Reeve admits to cocaine addiction

Former England international Dermot Reeve has admitted he is fighting an addiction to cocaine and even used the drug while commentating on a Test match for Channel 4. Reeve, who played for England and Warwickshire in the 1990's and was awarded an OBE in 1

Published 23 May, 2005 12:00am

Inamdar elected new Kenyan cricket boss

Samir Inamdar, a Mombasa-based solicitor, who waged a long war against the Kenya Cricket Association was on Sunday elected the new chairman of the trouble-ridden national body. The 46-year-old defeated his sole challenger Salim Dhanji in a close-fought ra

Published 23 May, 2005 12:00am

Mauresmo seeks Noah's magic

Amelie Mauresmo has tried to play down the Yannick Noah effect as she sets her sights on breaking her Roland Garros jinx at the French Open which gets underway on Monday. Mauresmo, who briefly rose to world No 1 late last year, has been touted as a potent

Published 23 May, 2005 12:00am

Sharapova not desperate for TV fame

Wimbledon champion Maria Sharapova may be just 18 years old, but the blonde Russian pin-up is already dreaming of a life on the silver screen once her playing days are over. However, despite being linked with an appearance on the hit American show Despera

Published 23 May, 2005 12:00am

Israel and Arabs agree to save Dead Sea

Jordan, Israel and the Palestinian Authority said Sunday they had agreed terms for a feasibility study on transferring water from the Red Sea to the Dead Sea, to save the world's lowest sea from vanishing. The two-year study, costing 15 million dollars, w

Published 23 May, 2005 12:00am

More Boerse supervisory board changes afoot

In the wake of a shareholder revolt at German exchange operator Deutsche Boerse, a total of six members of its supervisory board now want to resign including the board's chief and deputy chief, a newspaper said. Uwe Flach, former DZ Bank chief executive,

Published 23 May, 2005 12:00am

More Boerse supervisory board changes afoot

In the wake of a shareholder revolt at German exchange operator Deutsche Boerse, a total of six members of its supervisory board now want to resign including the board's chief and deputy chief, a newspaper said. Uwe Flach, former DZ Bank chief executive,

Published 23 May, 2005 12:00am

New chief of AfDB up against poverty and corruption

The new president of the African Development Bank (AfDB) to be elected here Wednesday faces a set of tough new challenges, including battling abject poverty and corruption and decentralising the institution. "The bank must continue to position itself as a

Published 23 May, 2005 12:00am

US wants EBRD to end operations in EU newcomers

The European Bank for Reconstruction and Development should move out of prosperous central Europe and focus on poor, "difficult" countries, a senior US official said on Sunday. The development bank for the ex-communist states of central and eastern Europe

Published 23 May, 2005 12:00am

Kuwait to license some foreign banks

Kuwait will allow a limited number of international banks and five Gulf Arab banks to open branches under a plan to open up its banking sector, the Central Bank of Kuwait governor said in press remarks on Sunday. CBK Governor Sheikh Salem Abdulaziz al-Sab

Published 23 May, 2005 12:00am

British rebate under fire as EU goes to battle over budget

Britain faces some of the fiercest pressure in more than 20 years over its annual rebate from European Union budget contributions when EU foreign ministers meet on Sunday to battle over how much they pay into and get out of the collective pot. The ministe

Published 23 May, 2005 12:00am

Manmohan calls for bold economic policies

Indian Prime Minister Manmohan Singh said on Sunday the country needs bold economic steps to cut subsidies, create jobs and ensure that the benefits of growth in Asia's fourth-largest economy reached the poor. "People in our country are impatient for a be

Published 23 May, 2005 12:00am

China tests freer currency waters with new platform

China dips a toe into the choppy waters of free foreign exchange markets this week. By launching trade in eight new currency pairs on Wednesday, Beijing hopes to lay the groundwork ahead of liberalising its rigid yuan regime. Officials have assembled a st

Published 23 May, 2005 12:00am

Myanmar foreign trade rises 10 percent

The volume of foreign trade in military-ruled Myanmar rose 10 percent from a year earlier in the year to March, despite bottlenecks at the country's ports and falls in garment exports, local media said Sunday. Minister of Commerce, Brigadier-General Tin N

Published 23 May, 2005 12:00am

No need for China to restore import quotas: EU

European Union Trade Commissioner Peter Mandelson has expressed his opposition to restoring quotas on Chinese textile imports and called for liberalising trade services with Arab countries. Mandelson was speaking on Saturday at the World Economic Forum me

Published 23 May, 2005 12:00am

South Korea central bank says exports to rise if yuan changed

South Korea said on Sunday any revaluation of China's yuan will probably boost the country's exports and trade surplus, as increased export competitiveness would offset a potential slowdown in Chinese demand. Policy makers and the central bank have been a

Published 23 May, 2005 12:00am

Eurozone data to show business confidence stabilising

Eurozone indicators to be released this week will show that business confidence stabilised in May as oil prices and the euro both eased, economists said. All of the major countries in the 12-member single currency area release May business confidence data

Published 23 May, 2005 12:00am

Britain and US to grow fastest in G7: Brown

Britain and the United States will grow faster than any of their partners in the G7 group of rich nations this year, Chancellor of the Exchequer Gordon Brown said on Sunday. "Britain and north America will be the two fastest-growing economies this year of

Published 23 May, 2005 12:00am

Malaysia and Japan agree framework for free trade pact

Malaysia and Japan reached in-principle agreement on a free trade pact on Sunday, overcoming some major differences on Malaysia's automotive policy, Malaysia's trade minister and a Japanese trade official said. Malaysia, Southeast Asia's biggest passenger

Published 23 May, 2005 12:00am

Dow Chemical eyes doubling of China sales over 5 years

Dow Chemical Co could see its revenues from the fast growing Greater China market, which hit $2.2 billion in 2004, double over the next five years, the firm's chief executive said on Tuesday. CEO Andrew Liveris also said he expected China to become the wo

Published 23 May, 2005 12:00am

Dow Chemical eyes doubling of China sales over 5 years

Dow Chemical Co could see its revenues from the fast growing Greater China market, which hit $2.2 billion in 2004, double over the next five years, the firm's chief executive said on Tuesday. CEO Andrew Liveris also said he expected China to become the wo

Published 23 May, 2005 12:00am

Asian state oil firms shun America and North Sea

Acquisition-hungry Asian national oil companies are holding back from the mature energy provinces of North America and the North Sea, where even now plentiful assets remain, due to high costs. State oil giants in China, India and elsewhere are instead hon

Published 23 May, 2005 12:00am

Medical errors still kill 100,000 a year in US

Medical errors still kill around 100,000 people annually in the United States, according to a study Wednesday published in the Journal of the Medical Association. While certain hospitals have made significant improvement after a 2000 study identified up t

Published 23 May, 2005 12:00am

WHO urges action on public health crises

Director General World Health Organisation (WHO), Lee Jong-wook has called for greater international co-ordination and more effective use of modern technology to deal with epidemics and threats from newly emerging diseases. Lee also made a number of sweep

Published 23 May, 2005 12:00am

'PIE to be catalyst for environment-friendly industry'

The chairman Punjab Industrial Estates (PIE), Mohsin Syed has said that PIE will act as a catalyst in promoting environment-friendly industrialisation in the province. Addressing the first public hearing in this regard at a local hotel, attended by govern

Published 23 May, 2005 12:00am

Strategy to curb noisy and smoke-emitting vehicles chalked out

Sindh Environment and Alternative Energy Department has chalked out a strategy against noisy and smoke emitting vehicles including the rickshaws in the districts of Sukkur, Shikarpur, and Larkana which will be put into action from June 01, 2005. A vigorou

Published 23 May, 2005 12:00am

Uplift project for Ayubia National Park approved

The federal government has approved a project, costing Rs 72 million, for improving natural beauty, forest, wildlife and living resources of Ayubia National Park. The project titled `Implementation of Management Plan of Ayubia National Park' has been appr

Published 23 May, 2005 12:00am

Polio may defy bid to kill it off in 2005

A momentous campaign appears likely to miss a target to drive polio from Earth by the end of 2005, health officials said, as the disease fought a stubborn last stand in Asia and Africa. But a "miracle" victory over a crippling virus which blighted the liv

Published 23 May, 2005 12:00am

Biodiversity: life insurance for our changing world

Pakistan forms a bridge between the Middle East and the Orient, and is a country of tremendous uniqueness, with its dramatic ecological diversity, broad latitudinal spread and immense latitudinal range. Housing the second highest point of the world - K2 -

Published 23 May, 2005 12:00am

World has not been as warm as it is now for a millennium

Climate change is with us. A decade ago, it was conjecture. Now the future is unfolding before our eyes. It is seen in disappearing Arctic ice and permafrost. The shantytown dwellers of Latin America and South Asia see it in lethal storms and floods. Euro

Published 23 May, 2005 12:00am

HEALTH UPDATE: Mobile phones risk may be higher in countryside

Mobile phones could pose a higher health risk to rural dwellers because they emit more intense signals in the countryside, Swedish scientists said on Tuesday (May 17). Base stations tend to be further apart in more remote areas so the phones compensate wi

Published 23 May, 2005 12:00am

HEALTH UPDATE: nap 'as good as a full night's sleep'

Grabbing an hour's sleep during the day may be as beneficial as a whole night in bed, according to scientists. But the "power-nap" only works if the sleep is of the right quality, BBC quoted the experts from Harvard University, US, as saying. And experts

Published 23 May, 2005 12:00am

HEALTH UPDATE: don't think about exercise; just do it

A new study published in the latest issue of Psychology of Sports and Exercise has revealed that 'just do it' attitude works with exercise. In the research conducted by Dr Sandra O'Brien Cousins and his colleagues from the University of Alberta, Canada, m

Published 23 May, 2005 12:00am

Strike at Chunghwa Telecom

Hundreds of employees from Taiwan's state-run Chunghwa Telecom staged an unprecedented strike on Tuesday (May 17), demanding the government halt privatisation plans for the firm, witnesses said. Some 600 employees walked out of their jobs in the morning a

Published 23 May, 2005 12:00am

Nortel and IBM to set up R&D centre in Carolina

Nortel Networks Corp, communications equipment-maker, on Friday (May 20), announced plans to work with IBM on research and development, helping Nortel to cut costs and marking a victory for IBM as it pushes into contract engineering services. Executives f

Published 23 May, 2005 12:00am

Otellini, flanked by past chiefs, takes Intel's helm

Paul Otellini, an Italian-American butcher's son who went from hawking hot dogs at a San Francisco stadium to selling semiconductor chips for the first IBM personal computers, was named chief executive of Intel Corp on Wednesday (May 18). Flanked by techn

Published 23 May, 2005 12:00am

World students win $50,000 Intel Young Scientist Scholarships

Projects on a navigational system for the blind, possible discovery of an ancient coastline on Mars and a lower-cost technology to analyse compounds used to protect against disease were the student projects that won top awards on Monday (May 16), press re

Published 23 May, 2005 12:00am

India's PC sales up in 2004-05

India's personal computer sales jumped 29 percent in the year to March 2005, powered by a fall in notebook computer prices and purchases by management schools, market researcher IDC said on Thursday (May 19). IDC's Indian unit said in a statement that sal

Published 23 May, 2005 12:00am

Japan March cellphone shipments down

Mobile phone shipments in Japan fell in March, but shipments exceeded the 4.5 million unit mark for the first time in a year as more consumers upgraded to next-generation models. Shipments by Japanese mobile phone makers fell 0.6 percent in March to 4.74

Published 23 May, 2005 12:00am

Alcatel pulls out of Chinese television mobile venture

French telecommunications equipment manufacturer Alcatel is to withdraw from a mobile telephone and television venture called TAMP with Chinese company TCL, the Chinese copany said on Tuesday (May 17). The venture, the leading world manufacturer of televi

Published 23 May, 2005 12:00am

TCL Comm to buy out Alcatel stake in JV

Chinese mobile phone maker TCL Communication said on Tuesday (May 17) it would buy out Alcatel's stake in their joint venture, moving to fix a business that has weighed heavily on its bottom line. TCL Communication Technology Holdings Ltd would use HK$63.

Published 23 May, 2005 12:00am

Shareholders resent $230 million compensation package to Yahoo chief

Yahoo Inc shareholders protested a compensation package of more than 230 million dollars for Chairman and Chief Executive Terry Semel, withholding up to 18 percent of votes for three compensation committee members at the company's annual meeting on Thursd

Published 23 May, 2005 12:00am

Shareholders resent $230 million compensation package to Yahoo chief

Yahoo Inc shareholders protested a compensation package of more than 230 million dollars for Chairman and Chief Executive Terry Semel, withholding up to 18 percent of votes for three compensation committee members at the company's annual meeting on Thursd

Published 23 May, 2005 12:00am

Two-thirds of softwares seen pirated in five years

Two-thirds of softwares used in computers globally could be pirated in five years' time compared with about one-third currently as Internet usage widens, a study showed on Wednesday (May 18). Global spending on software is seen rising to 300 billion dolla

Published 23 May, 2005 12:00am

Napster aims to maintain prices after Yahoo launch

Napster Inc does not plan to cut the price of its online music subscription service despite new competition from Yahoo Inc, Chief Executive Chris Gorog said on Monday (May 16). "We are not positioning our product as a discount product. I think Yahoo has,"

Published 23 May, 2005 12:00am

Sony to launch PlayStation 3 in 2006

Sony Corp will launch its next video game console, the PlayStation 3, in 2006, the company said on Monday (May 16). Sony boasted that the PS3 and its custom-designed "Cell" chip would have twice the processing speed of the Xbox 360, the new console from M

Published 23 May, 2005 12:00am

Bill Gates to write book on affects of new technology

Co-founder and Chairman of Microsoft Corporation Bill Gates is planning to write another book on how new technology will affect people and companies. Gates, whose last book, "Business @ at the speed of thought," was published in 1996, is still in the earl

Published 23 May, 2005 12:00am

Marconi warns over future profits amid job cuts

Telecoms equipment maker Marconi, which said earlier this month that it would axe 800 British jobs, warned on Tuesday (May 16) of a continuing deterioration of its profit margins owing to "fierce" competition from rival telecoms equipment manufacturers. T

Published 23 May, 2005 12:00am

Marconi warns over future profits amid job cuts

Telecoms equipment maker Marconi, which said earlier this month that it would axe 800 British jobs, warned on Tuesday (May 16) of a continuing deterioration of its profit margins owing to "fierce" competition from rival telecoms equipment manufacturers. T

Published 23 May, 2005 12:00am

Toshiba sets ground rules for takeover defence

Toshiba Corp said on May 20, it had introduced a set of guidelines to defend itself from potential takeover attempts, becoming the latest Japanese company to guard against unwanted suitors. A series of takeover battles in Japan, including one between Fuji

Published 23 May, 2005 12:00am

Toshiba sets ground rules for takeover defence

Toshiba Corp said on May 20, it had introduced a set of guidelines to defend itself from potential takeover attempts, becoming the latest Japanese company to guard against unwanted suitors. A series of takeover battles in Japan, including one between Fuji

Published 23 May, 2005 12:00am

Eurocopter eyes half of Chinese civilian market

Eurocopter, the world's top helicopter maker, hopes its early entry into China will help it keep half the country's civilian market in the coming years despite intensifying competition from rivals Bell and Sikorsky, its China chief said on May 17. Eurocop

Published 23 May, 2005 12:00am

Eurocopter eyes half of Chinese civilian market

Eurocopter, the world's top helicopter maker, hopes its early entry into China will help it keep half the country's civilian market in the coming years despite intensifying competition from rivals Bell and Sikorsky, its China chief said on May 17. Eurocop

Published 23 May, 2005 12:00am

UAE to punish banks which over-lent for IPOs

The United Arab Emirates Central Bank will penalise banks which have over-lent to investors taking part in hugely popular initial public share offers, bank governor Sultan bin Nasser al-Suweidi said on May 18. UAE bankers say massive lending helped inflat

Published 23 May, 2005 12:00am

UAE to punish banks which over-lent for IPOs

The United Arab Emirates Central Bank will penalise banks which have over-lent to investors taking part in hugely popular initial public share offers, bank governor Sultan bin Nasser al-Suweidi said on May 18. UAE bankers say massive lending helped inflat

Published 23 May, 2005 12:00am

BlackBerry maker aims for China entry this year

Research In Motion Ltd, maker of BlackBerry wireless email devices, is aiming to launch commercial service in China by year end amid a rapid expansion in Asia, the company's co-CEO said on May 17. RIM said last October it had signed a memorandum of unders

Published 23 May, 2005 12:00am

UAL Corp reaches tentative labour agreement

UAL Corp, parent of bankrupt United Airlines, said on May 16, it has reached a tentative labour agreement with the union representing its mechanics. The No 2 US airline is restructuring in an attempt to wring $725 million annually from its labour force to

Published 23 May, 2005 12:00am

Investors shun CDOs, still favour derivatives

Demand for collateralised debt obligations, the focus of the recent sell-off in the credit markets, has evaporated in recent days, but investors are keeping faith with derivatives as they try to turn market losses into profits, say bankers in London. As c

Published 23 May, 2005 12:00am

Investors shun CDOs, still favour derivatives

Demand for collateralised debt obligations, the focus of the recent sell-off in the credit markets, has evaporated in recent days, but investors are keeping faith with derivatives as they try to turn market losses into profits, say bankers in London. As c

Published 23 May, 2005 12:00am

Saudi Arabia sees 2005 economic growth above 5 percent

Saudi Arabia, the world's biggest oil exporter, expects economic growth in 2005 to exceed last year's level of 5.3 percent, central bank chief Hamad al-Sayyari said on May 17. "We are optimistic that it is going to be better than last year," Sayyari, gove

Published 23 May, 2005 12:00am

HSBC in talks to buy stake in Iraqi bank

HSBC Holdings Plc said on May 18, it was in talks to buy a majority stake in Iraq's Dar Es Salaam Investment Bank as a way to expand into Iraq as it rebuilds after war. HSBC did not give financial details of the proposed deal, which an industry source sai

Published 23 May, 2005 12:00am

HSBC in talks to buy stake in Iraqi bank

HSBC Holdings Plc said on May 18, it was in talks to buy a majority stake in Iraq's Dar Es Salaam Investment Bank as a way to expand into Iraq as it rebuilds after war. HSBC did not give financial details of the proposed deal, which an industry source sai

Published 23 May, 2005 12:00am

India key to UK airline Bmi's long-haul plans

Bmi, Britain's second-largest full-service airline, plans to launch a daily service between London and Bombay this October that will help take on rivals British Airways and Virgin Atlantic, its chairman said on May 17. Bmi, formerly known as British Midla

Published 23 May, 2005 12:00am

Uncertainty may dominate Manila shares

Uncertainty over political and economic developments and a lack of fresh leads were expected to dominate trading on the Philippine stock market this week, dealers said. "Given these political and economic uncertainties, and the market's overbought conditi

Published 23 May, 2005 12:00am

Hong Kong stocks seen rangebound

Hong Kong stocks are likely to move in a narrow range this week as investors remain cautious after an interest rate hike following changes to the territory's currency peg, dealers said. Trading overall will stay sluggish amid a lack of fresh news to drive

Published 23 May, 2005 12:00am

Political uncertainty hits Cairo stocks

Political uncertainty hit Egyptian stocks again on Sunday at the start of a week in which Egyptians will vote in a referendum on changing the way the country chooses its president, brokers said. Regional mobile operator Orascom Telecom (OT) bucked the bea

Published 23 May, 2005 12:00am

Tokyo stocks seen posting modest gains

Japanese shares are seen rising modestly this week as major bank results and revised first-quarter US economic growth data are expected to prove positive for investors, dealers said. Japan's top-five financial groups will announce their results for the ye

Published 23 May, 2005 12:00am

Asian currencies fall after strong US economic data

Asian currencies mostly ended the week lower against the dollar on the back of continued confidence in the greenback, buoyed by solid US economic data.

Published 23 May, 2005 12:00am

Thai stocks to remain in lackluster trade

Thai shares are expected to endure a lackluster performance in another holiday-shortened week with the market dependent upon overseas factors, analysts said. The market will be closed on Monday for a public holiday. "I still predict that the stock index w

Published 23 May, 2005 12:00am

Indian stocks seen firm on softer oil prices

Indian shares are seen trading firm, underpinned by softer oil prices and upbeat world markets, as investors await fresh funds in local equities, dealers said. They said a firm close Friday signalled a positive opening this week as investors take their cu

Published 23 May, 2005 12:00am

European stocks: dollar and oil key as results wind down

Oil prices and the dollar will be key concerns for European equities this week with investors debating whether indexes can hold recent gains as the European earnings season winds down. British firms feature in a thinner corporate calendar with retailers t

Published 23 May, 2005 12:00am

Indonesian market set for rebound this week

The Indonesian stock market is set for a rebound this week with investors focusing on selected telecoms and banking stocks seen undervalued at current levels, analysts said. "I expect a technical rebound to take place next week since some blue chips are a

Published 23 May, 2005 12:00am

Investors look to busy week ahead for FTSE lift

The London stock market would look for a lift this week amid a slew of big company results and with crucial economic data to be released both sides of the Atlantic, analysts said. The-FTSE 100 index of leading London shares closed at 4,971.8 points on Fri

Published 23 May, 2005 12:00am

Singapore shares seen weaker

Singapore share prices are expected to trade in a narrow range this week amid a lack of fresh leads with the end of the corporate earnings season and in a shortened trading week, dealers said. The market will be closed Monday for a religious holiday. Inve

Published 23 May, 2005 12:00am

Taiwan shares to remain rangebound

Taiwan share prices are expected to remain rangebound this week despite the government's latest efforts to boost the economy amid a weaker projection for full-year economic growth, dealers said. China's expected announcement allowing mainlanders to visit

Published 23 May, 2005 12:00am

US stock rally depends on oil and Fed

US stocks are on their best ride of the year, but with scant earnings or economic data to drive the market this week, the rally's future is at the mercy of volatile oil prices and a few choice words from the Fed. Major stock indexes climbed last week. The

Published 23 May, 2005 12:00am

Leaders pay tribute to French philosopher

French politicians from left and right paid tribute this weekend to philosopher Paul Ricoeur, who died in his sleep aged 92 at his home just outside Paris. A humanist and author of around 30 books including "The Rule of Metaphor" and "Time and Narrative",

Published 23 May, 2005 12:00am

India and Bangladesh agree to joint border patrols

India and Bangladesh have agreed to joint patrols to stem illegal trade and immigration on their international border and ease tension between security forces after recent clashes, an official said Sunday. An Indian Border Security Force (BSF) official sa

Published 23 May, 2005 12:00am

50 injured as blasts rock two cinemas in New Delhi

At least 50 people were injured Sunday when blasts rocked two cinemas in New Delhi screening a controversial film condemned by Sikhs, police said, while local media said there had been fatalities. A loud explosion shook the Liberty Cinema Hall in the crow

Published 23 May, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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