News Archives for Print - 2005-07-25

Florida mailman wins Hemingway look-alike contest

A Florida mailman credited his persistence with winning Key West's annual Ernest Hemingway look-alike competition, beating nearly 160 snowy-haired men resembling the Nobel Prize-winning US writer.

Published 25 Jul, 2005 12:00am

Badla rate rises 290 basis points

The weighted average badla rate at KSE on Friday, July 22, increased to 14.4 percent as compared to 11.5 percent on the previous Friday (July 15), showing an increase of 290 basis points, because of tight liquidity in the money market and reluctance on th

Published 25 Jul, 2005 12:00am

Badla rate rises 290 basis points

The weighted average badla rate at KSE on Friday, July 22, increased to 14.4 percent as compared to 11.5 percent on the previous Friday (July 15), showing an increase of 290 basis points, because of tight liquidity in the money market and reluctance on th

Published 25 Jul, 2005 12:00am

Badla rate rises 290 basis points

The weighted average badla rate at KSE on Friday, July 22, increased to 14.4 percent as compared to 11.5 percent on the previous Friday (July 15), showing an increase of 290 basis points, because of tight liquidity in the money market and reluctance on th

Published 25 Jul, 2005 12:00am

LSE equities depressed

Share prices were mostly on downward side on Lahore Stock Exchange (LSE) during the last week ended 22nd of July, primarily on account of fate of badla and status of margin financing and other factors, including raise in rate of returns on National Saving

Published 25 Jul, 2005 12:00am

LSE equities depressed

Share prices were mostly on downward side on Lahore Stock Exchange (LSE) during the last week ended 22nd of July, primarily on account of fate of badla and status of margin financing and other factors, including raise in rate of returns on National Saving

Published 25 Jul, 2005 12:00am

Rockets hit troops camp near Miranshah

Suspected militants fired five rockets on a military camp in the tribal area near the Afghan border early on Sunday, but there were no casualties, security officials said. The pre-dawn attack caused minor damage, and disrupted electricity to the small for

Published 25 Jul, 2005 12:00am

Rockets hit troops camp near Miranshah

Suspected militants fired five rockets on a military camp in the tribal area near the Afghan border early on Sunday, but there were no casualties, security officials said. The pre-dawn attack caused minor damage, and disrupted electricity to the small for

Published 25 Jul, 2005 12:00am

Suicide bomber kills 40 in Baghdad

A suicide bomber in a flatbed truck laden with 500lbs (220kg) of explosives killed up to 40 people outside a Baghdad police station on Sunday, US military said, citing Iraqi police reports. But Iraqi police and interior ministry sources told Reuters that

Published 25 Jul, 2005 12:00am

Suicide bomber kills 40 in Baghdad

A suicide bomber in a flatbed truck laden with 500lbs (220kg) of explosives killed up to 40 people outside a Baghdad police station on Sunday, US military said, citing Iraqi police reports. But Iraqi police and interior ministry sources told Reuters that

Published 25 Jul, 2005 12:00am

Plan to transfer power purchase agreements to NTDC dropped

The government has dropped the plan to transfer Power Purchase Agreements (PPAs) from Wapda to National Transmission and Dispatch Company (NTDC) after persistent refusal by the Independent Power Producers (IPPs), official sources told Business Recorder

Published 25 Jul, 2005 12:00am

Plan to transfer power purchase agreements to NTDC dropped

The government has dropped the plan to transfer Power Purchase Agreements (PPAs) from Wapda to National Transmission and Dispatch Company (NTDC) after persistent refusal by the Independent Power Producers (IPPs), official sources told Business Recorder
Published 25 Jul, 2005 12:00am

Pakistani officials inspect Baglihar project site

A five-member Pakistani delegation inspected on Sunday a controversial power project in occupied Kashmir that Islamabad says violates a World Bank-brokered treaty between Pakistan and India. The Pakistani team led by Syed Jamaat Ali Shah left for Baglihar
Published 25 Jul, 2005 12:00am

Badla financing issues haunts investors mind

Share prices at KSE tumbled last week ending on July 23, 2005, as the investors were hesitant to make fresh deals anxiously waiting for the ''Shaukat Tarin'' report on badla financing and its outcome to be presented to the government for final approval.
Published 25 Jul, 2005 12:00am

Badla financing issues haunts investors mind

Share prices at KSE tumbled last week ending on July 23, 2005, as the investors were hesitant to make fresh deals anxiously waiting for the 'Shaukat Tarin' report on badla financing and its outcome to be presented to the government for final approval.
Published 25 Jul, 2005 12:00am

TCP asks government to take early decision for sugar import

The Trading Corporation of Pakistan (TCP) has demanded of the government that it should take an immediate decision for import of second installment of 0.1 million tonnes of sugar saying delay can worsen supply situation during the holy month of Ramazan, i
Published 25 Jul, 2005 12:00am

Man dies in failed attack at Chaman

A man died in a bomb blast on Sunday near the Afghanistan border in an apparent failed attack against a fuel truck supplying US forces in Afghanistan, officials and witnesses said. Two people were wounded in the blast at the Chaman border post, where priv
Published 25 Jul, 2005 12:00am

Textile units sales tax refund claims to be verified

The Central Board of Revenue (CBR) has decided to issue sales tax refund to textile sector units only after verification of sales tax invoices to ensure authenticity of the fresh claims pertaining to tax period June, 2005.
Published 25 Jul, 2005 12:00am

SBP asks banks to diversify investments

The State Bank of Pakistan (SBP) has asked all banks and financial institutions to diversify their investments as the stock market volatility holds special risk connotations for its participants. According to a report posted on State Bank of Pakistan webi
Published 25 Jul, 2005 12:00am

Rates move both ways in currency market

The rupee maintained a stable posture versus the dollar during the week under review, currency experts said. In the inter-bank market, range-bound trading was seen as the rupee moved in a band of 59.60 and 59.65 for buying and selling, respectively.
Published 25 Jul, 2005 12:00am

One US soldier and insurgent killed in Afghan clash

One US soldier and an insurgent were killed on Sunday when up to 20 militants attacked a coalition military unit in troubled southern Afghanistan, the US military said. Another American soldier and a coalition interpreter, as well as two enemy fighters we
Published 25 Jul, 2005 12:00am

Indus in high flood at Guddu, Rahim Yar Khan area inundated

High flood in River Indus at Guddu has inundated large areas of district Rahim Yar Khan, affecting communication infrastructure, houses and standing crops, Federal Flood Commission (FFC) sources told Business Recorder here on Sunday evening.
Published 25 Jul, 2005 12:00am

UK police arrest third man over London attacks

Police investigating the July 21 attempted suicide bombings in London have arrested a third man under Britain's anti-terrorism laws, police said on Sunday. The man was arrested late Saturday in south London, close to the neighbourhood of Stockwell where t
Published 25 Jul, 2005 12:00am

Islamabad and Kabul sign investment accord

Pakistan will provide another 100 million dollars grant for Afghanistan''s reconstruction and building of roads, schools and hospitals. Prime Minister Shaukat Aziz announced this during a joint briefing to journalists with Afghan President Hamid Karzai on
Published 25 Jul, 2005 12:00am

Islamabad and Kabul sign investment accord

Pakistan will provide another 100 million dollars grant for Afghanistan's reconstruction and building of roads, schools and hospitals. Prime Minister Shaukat Aziz announced this during a joint briefing to journalists with Afghan President Hamid Karzai on
Published 25 Jul, 2005 12:00am

The Weather

The weather report on Sunday (July 24) and the forecast for Monday (July 25, 2005).
Published 25 Jul, 2005 12:00am

KKI Weekly market review

Khanani & Kalia International (Pvt) Limited Weekly market review on Sunday (July 24, 2005).

Published 25 Jul, 2005 12:00am

Closed end mutual funds

Closed end mutual funds.

Published 25 Jul, 2005 12:00am

United Money-Market Fund

The Unit Prices for Monday (July 25, 2005).

Published 25 Jul, 2005 12:00am

Atlas Fund Prices

Atlas Fund Prices on Sunday (July 24, 2005).

Published 25 Jul, 2005 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2005)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 25 Jul, 2005 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 11-16, 2005).

Published 25 Jul, 2005 12:00am

Commercial Banks: HABIB BANK LIMITED - Quarter Ended March 31, 2005 (Un-audited Consolidated Accounts)

Habib Bank Limited (HBL) started commercial operations on 25th August 1941 with its first branch in Bombay. In 1947, HBL became the first commercial bank of Pakistan, when it shifted its head office to Karachi. HBL, incorporated in Pakistan, is engaged in
Published 25 Jul, 2005 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 Jul, 2005 12:00am

Iran sees oil prices holding over $40 into 2006

World oil prices will hold above $40 in the year to March 2006, Iranian Oil Minister Bijan Zanganeh predicted on Sunday. "The price will be more than $40," he said on state television, when asked to give a prediction for the Iranian financial year.
Published 25 Jul, 2005 12:00am

Hedging by investors may spur yen weakness

Yen selling by foreign investors to reduce their exchange rate exposure, after buying a record amount of Japanese securities last year, could further drive the currency down toward 115 to the dollar in coming months.
Published 25 Jul, 2005 12:00am

Malaysia wants stable ringgit, no trade band

Malaysia aims to keep its currency stable and has not set any trading band for its value, the country's second finance minister said on Sunday, three days after Malaysia moved to a managed float of the ringgit.
Published 25 Jul, 2005 12:00am

Truck strike cripples trade at Indo- Bangladesh border

An Indian truckers' strike has paralaysed Bangladesh's trade with its giant neighbour through the main land crossing with the Indian state of West Bengal, an official said Sunday. The truckers went on strike Thursday after Bangladeshi customs and border g
Published 25 Jul, 2005 12:00am

Intel to build $4 billion chip plant in Israel

Israeli Prime Minister Ariel Sharon told cabinet ministers on Sunday that he had been informed by Intel Corp's head that the US electronic chip giant plans to build another plant in Israel.
Published 25 Jul, 2005 12:00am

France faces up to foreign ownership of 'industrial treasures'

A foreign threat to one of France's "industrial treasures" last week sparked impassioned rhetoric about the need for French companies to remain in local hands. But the political firestorm that erupted around French dairy giant Danone belies the internatio
Published 25 Jul, 2005 12:00am

Eurozone data to show upturn in confidence

Eurozone indicators to be released in the coming week will show confidence is improving as a result of the easing of the euro but that inflation is climbing on high oil prices, economists said. "We expect moderate increases in the headline indicators," UB
Published 25 Jul, 2005 12:00am

South Africa may bail out Zimbabwe from IMF debt

South African President Thabo Mbeki Sunday said Zimbabwe's expulsion from the International Monetary Fund for debt arrears would exacerbate the country's dire economic situation and hinted that Pretoria could pay off its neighbour's loans.
Published 25 Jul, 2005 12:00am

India spins gold with end to global textile quotas

China and India were tipped to emerge big winners when global textile quotas were abolished January 1 but even domestic manufacturers are stunned by the speed with which their goods have flooded global markets. "We have been caught by surprise by our own
Published 25 Jul, 2005 12:00am

Boeing gets big order from Brazil's Gol

Discount Brazilian airline Gol Linhas Aereas Inteligentes is set to announce a multi-billion dollar order for Boeing Co aircraft on Monday, as the fast-growing carrier expands in Brazil and plans a new Mexican unit, a newspaper said on Sunday.
Published 25 Jul, 2005 12:00am

Saudi Investment Bank to sign $400 million loan

Saudi Investment Bank (SAIB) said on Sunday it had secured a $400 million syndicated loan from local and international banks. SAIB said in a statement the loan would be signed in London on Friday with local, regional and international banks and that Citig
Published 25 Jul, 2005 12:00am

New-look Parmalat ready to face market

In late 2003, few investors would have been willing to bet on the future of Parmalat. The dairy giant's shares were worthless, creditors were restless and its top executives sat behind bars. But two years after its huge accounting scandal, General Manager
Published 25 Jul, 2005 12:00am

Sri Lanka pick two new faces for one-day tri-series

Sri Lanka's cricket selectors on Sunday named two uncapped players for the one-day series against India and the West Indies starting later this week. Left-handed opening batsman Upul Tharanga, 20, and hard-hitting all-rounder Dilhara Lokuhettige, 25, were
Published 25 Jul, 2005 12:00am

Sangakkara's century propels Sri Lanka on rain-hit day

Kumar Sangakkara hit 135 not out in between frustrating rain delays as hosts Sri Lanka tightened their grip on the second cricket Test against the West Indies on Sunday. The left-hander's eighth Test century enabled Sri Lanka to close the rain-hit third d
Published 25 Jul, 2005 12:00am

China's Hu adds world 10m platform title to Olympic gold

China's Olympic champion Hu Jia fended off a strong challenge from Cuba's Jose Antonio Guerra to win the men's 10m platform here on Saturday at the 11th World Swimming Championships.
Published 25 Jul, 2005 12:00am

McGrath eyeing Worcestershire return

Australia fast bowler Glenn McGrath has revealed his enthusiasm for a third stint in county cricket with Worcestershire, top of the list of English teams interesting the 35-year-old quick. McGrath played for the Midlands county in 2000 and also had a brie
Published 25 Jul, 2005 12:00am

Warne plots glorious Lord's farewell

Master spinner Shane Warne, written off by his critics as a spent force, said he is delighted with his form after putting Australia in sight of victory in the first Ashes Test at Lord's. Warne took three second innings wickets, and his record Test career
Published 25 Jul, 2005 12:00am

Ginepri into Indy ATP final against Dent

American Robby Ginepri rallied from one set down here on Saturday to reach the finals of the 600,000-dollar ATP Indianapolis Championship with a 5-7, 6-2, 6-3 victory over Karol Beck. Unseeded Ginepri, who ousted holder and two-time champion Andy Roddick
Published 25 Jul, 2005 12:00am

Tottehnam beat Olympique Lyonnais to lift Peace Cup

English FA Cup holders Tottenham Hotspur beat French league champions Olympique Lyonnais 3-1 to win the Peace Cup Football Championship here on Sunday. The opening goal came in the sixth minute when Lyonnais defender Jeremy Berthod headed a neat cross fro
Published 25 Jul, 2005 12:00am

Lee glad to be back among champions

Brett Lee said talk of Glenn McGrath and Shane Warne being over the hill was nonsense after the 35-year-old duo starred in the first Test against England at Lord's.
Published 25 Jul, 2005 12:00am

McGrath destroys England as Australia win Ashes opener

Glenn McGrath's superb spell of four wickets for three runs in 23 balls saw Australia beat England by 239 runs to win the first Ashes Test with more than a day to spare at Lord's here Sunday.
Published 25 Jul, 2005 12:00am

Armstrong factfile

Factfile on seven-time Tour de France winner Lance Armstrong here on Sunday:
Published 25 Jul, 2005 12:00am

Armstrong wins seventh Tour de France crown

American Lance Armstrong secured his seventh Tour de France yellow jersey following the 21st and final stage of this year's race held over 144km between Corbeil-Essone and here on Sunday.
Published 25 Jul, 2005 12:00am

Unborn babies carry pollutants

Unborn US babies are soaking in a stew of chemicals, including mercury, gasoline byproducts and pesticides, according to a report released on Thursday (July 14). Although the effects on the babies are not clear, the survey prompted several members of Cong
Published 25 Jul, 2005 12:00am

Has the earth been scooped away?

Blighted landscape, mounds and castles of sand, stones, gravel, cement, strange twisted contraptions, huge gaping craters where the earth has been scooped away, narrow twisted roads, filled with potholes, awash with sewage water belying deeper craters und
Published 25 Jul, 2005 12:00am

Preventive cardiology need of the day

It is a fact that the cost of treating heart diseases is beyond the reach of common man in our country. Bypass surgery, angioplasty and the medication required are expensive and beyond the reach of common man. Therefore, prevention is the only option that
Published 25 Jul, 2005 12:00am

Safety measures to avoid electrocution during rains

KESC customers and other people have been advised for protecting themselves and their families from electrical accidents and electrocution especially during rains. A KESC spokesman reminded people about precautionary measures which, he said, must be follo
Published 25 Jul, 2005 12:00am

Sukkur Barrage Rehabilitated for another 60-70 years

Sukkur Barrage with its imposing architectural beauty and yellow-stone and steel structure over the River Indus is a main source of irrigation for Sindh, covering over 10 million acres of farmland. This work of engineering skill revolutionised the irrigat
Published 25 Jul, 2005 12:00am

HEALTH UPDATE: gene is linked with obesity and diabetes

A gene that may regulate the body's response to insulin has been linked to both obesity and type-2 diabetes, researchers in Britain and France reported on Monday (July 18). The discovery helps explain how being overweight is associated with type-2 or adul
Published 25 Jul, 2005 12:00am

HEALTH UPDATE: chronically tired? help may be at hand

Help may finally be at hand for sufferers of Chronic Fatigue Syndrome (CFS) thanks to a group of British researchers who have found abnormalities in the white blood cells of the afflicted.
Published 25 Jul, 2005 12:00am

HEALTH UPDATE: chocolate, naughty, nice and good for you?

At last, there may be a good reason to indulge in a daily chocolate bar binge - it might be good for your blood pressure. New research published by the American Heart Association on Tuesday (July 19) said a daily bar-sized helping of dark chocolate could
Published 25 Jul, 2005 12:00am

HEALTH UPDATE: Pizza's have an adverse effect on diabetics

Pizza can have adverse effects in your life, If you are diabetic. A Penn State Diabetes Centre study suggests a slow and steady insulin-dosing pattern may best combat the glucose-raising effects of that common favourite food, An Indian daily reported.
Published 25 Jul, 2005 12:00am

HEALTH UPDATE: sea view and walk in the park help cut stress levels

The sight of the sea is the quickest and most effective way to reduce high stress levels while for many people a walk in the park could be as refreshing, a survey has found. A poll of 2,000 adults by Hoegaarden found daily stress is a problem for 30 perce
Published 25 Jul, 2005 12:00am

Hong Kong to issue unified broadband licences

Hong Kong will issue licenses next year to allow both fixed and mobile phone firms to offer broadband wireless services, newspapers said on July 23, bringing "anytime, anywhere" Internet access closer to reality.
Published 25 Jul, 2005 12:00am

Hitachi says struggling hard drive unit on the mend

The struggling hard disk drive unit of Hitachi Ltd will turn profitable in the October-December quarter and show a marked improvement next year, the president of Japan's largest electronics conglomerate said.
Published 25 Jul, 2005 12:00am

SingTel plans to divest three property sites

Singapore Telecommunications Ltd, Asia's fifth-largest phone company, said on July 23 that it was planning to sell off three property sites. This would allow SingTel, Singapore's largest listed firm, to divest non-core assets and generate cash to be chann
Published 25 Jul, 2005 12:00am

Wipro first quarter profit rises 31 percent, lags expectations

Wipro Ltd, India's third-largest exporter of software, on July 22 reported a lower-than-expected 31 percent rise in quarterly net profit as margins were hurt by higher costs and the rupee's appreciation.
Published 25 Jul, 2005 12:00am

Telenor second-quarter surprises with strong mobile growth

Norway's biggest telecoms group Telenor reported unexpectedly strong growth in its foreign mobile phone units on July 22, helping limit a dip in second-quarter core earnings to 1 percent. Telenor shares leapt 6.9 percent after the figures eased investor w
Published 25 Jul, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	156.28
USD to Swiss Franc / May 15	0.91
Pound Sterling to USD / May 15	1.26
Euro to USD / May 15	1.08

Stock	Volume
S&P 500 / May 14	5246.68
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
Dow Jones / May 14	39558.11
India Sensex / May 15	73025.23
Tokyo Nikkei / May 15	38385.73
FTSE 100 / May 15	8467.99
Germany DAX 30 / May 15	18796.11

Item	Value
Petrol/Litre / May 15	288.49
Crude Oil USD/Barrel / May 15	78.55
Karachi Cotton PKR/37.32 KG / May 15	19935
Gold 10 Grams PKR / May 15	209191
Gold Spot USD/Ounce / May 15	2361.55
Diesel/Litre / May 15	281.96

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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