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Jun 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-06-02
Swiss franc weakens ahead of data

Swiss franc weakens ahead of data

The Swiss franc weakened against the dollar in early trading on Thursday ahead of a slew of economic data from Switzerland, while staying close to multi-week lows against the euro. Data are expected to show the Swiss economy has been expanding at healthy
Published 02 Jun, 2006 12:00am
Dollar rises as Fed rate hopes rekindled

Dollar rises as Fed rate hopes rekindled

The dollar rose against the euro on Thursday after minutes from the Federal Reserve's latest policy meeting stoked expectations that the central bank will raise interest rates again later this month.
Published 02 Jun, 2006 12:00am
Dollar bounces back as Fed points to inflation risk

Dollar bounces back as Fed points to inflation risk

The dollar climbed on Wednesday, hitting session highs after minutes from the Federal Reserve's latest policy meeting suggested that the central bank was still concerned about inflation.
Published 02 Jun, 2006 12:00am
Asian currencies lower as focus returns to US rates

Asian currencies lower as focus returns to US rates

Asian currencies fell on Thursday as investors fretted about higher US interest rates after minutes from the Federal Reserve's latest meeting suggested the central bank remained concerned about inflation.
Published 02 Jun, 2006 12:00am
Hong Kong dollar near recent low

Hong Kong dollar near recent low

The Hong Kong dollar hovered near recent lows against the US currency on Thursday, while longer-dated interbank rates tracked US bond yields higher. The currency, allowed to trade between 7.75 and 7.85 to the US dollar, was trading at 7.7581/83, compared
Published 02 Jun, 2006 12:00am
AFS camp for school boys and girls

AFS camp for school boys and girls

The 30th Free Summer Coaching Camp of Athletic Fitness School (AFS) for school boys and girls, in collaboration with the District Officer of Education (Sports) Karachi and Director Administration Hockey Club of Pakistan, will being from June 3, 2006 at Ho
Published 02 Jun, 2006 12:00am
Systems Limited wins sports gala

Systems Limited wins sports gala

Systems Limited, Pakistan's premier and most technologically advanced information technology company, recently came out the winner in an exciting cricket tournament by comprehensively beating 36 other teams from different IT companies, said a press releas
Published 02 Jun, 2006 12:00am
Lara expects Test of character in India series

Lara expects Test of character in India series

West Indies face a true test of character in the four tests against India after winning the one day series 4-1, captain Brian Lara said on Thursday. India have not won a test series in the West Indies since 1971 but are third in the International Cricket
Published 02 Jun, 2006 12:00am
England aiming to see off Sri Lanka

England aiming to see off Sri Lanka

England will look to seal their first Test series victory since last year's Ashes triumph against Australia when they face Sri Lanka in the climax of a three-Test campaign at Trent Bridge starting here on Friday.
Published 02 Jun, 2006 12:00am
National hockey trials get under way

National hockey trials get under way

The two-day National Hockey Trials began at the Hockey Club of Pakistan (HCP) Stadium on here Thursday. The trials are being held to select an 18-member Pakistan hockey team to compete in the Sultan Azlan Shah Hockey Tournament.
Published 02 Jun, 2006 12:00am
Nigeria's corruption busters get busy before poll

Nigeria's corruption busters get busy before poll

Nigeria's anti-corruption squad will step up scrutiny of politicians ahead of next year's elections to stop those tainted by graft from gaining office, the Economic and Financial Crimes Commission (EFCC) said.
Published 02 Jun, 2006 12:00am
Timor president appeals for loyalty, unity

Timor president appeals for loyalty, unity

East Timor's President Xanana Gusmao took to Dili's troubled streets on Thursday, pleading with the country's feuding security forces to show national unity as foreign peacekeepers appeared to take control.
Published 02 Jun, 2006 12:00am
China's Zhao wrote plea to party for his release

China's Zhao wrote plea to party for his release

Late Chinese Communist Party chief, Zhao Ziyang, toppled for opposing the 1989 crackdown on democracy protesters in Tiananmen Square, asked party leaders in 1997 for his freedom, arguing that his detention was illegal.
Published 02 Jun, 2006 12:00am
Senegal suspends migrant repatriation from Spain

Senegal suspends migrant repatriation from Spain

Senegal on Thursday suspended an operation to repatriate Senegalese migrants from Spain's Canary Islands in a blow to a diplomatic offensive by Madrid to close the door on illegal immigration from West Africa.
Published 02 Jun, 2006 12:00am
Vatican tells Beijing not to interfere in church

Vatican tells Beijing not to interfere in church

The Vatican on Thursday told China not to interfere in the internal affairs of the Catholic Church, saying "social peace" in the communist country would benefit if religious freedom were guaranteed.
Published 02 Jun, 2006 12:00am
Blix panel asks Israel, Iran to shun nuclear arms

Blix panel asks Israel, Iran to shun nuclear arms

Iran and Israel should shun uranium enrichment and other sensitive nuclear activities as part of a new drive to free the Middle East of weapons of mass destruction, a panel led by former UN arms inspector Hans Blix said on Thursday.
Published 02 Jun, 2006 12:00am
African Union 'regrets' no deal with Darfur rebels

African Union 'regrets' no deal with Darfur rebels

The African Union expressed "deep regret" on Thursday after two Darfur rebel factions missed an AU deadline to sign a peace deal aimed at ending the three-year-old conflict in Sudan's remote west.
Published 02 Jun, 2006 12:00am
North Korea invites US envoy over nuclear talks

North Korea invites US envoy over nuclear talks

North Korea invited the chief US envoy to stalled nuclear talks to visit Pyongyang, but said Washington must prove it is committed to an agreement that offers the North concessions for abandoning its nuclear programme.
Published 02 Jun, 2006 12:00am
'US troops shot three Afghans'

'US troops shot three Afghans'

US troops fired into a crowd of hundreds of stone-throwing rioters, killing at least three Afghans, as their convoy left the scene of an accident that triggered Monday's anti-American riots, Kabul's chief of highway police said.
Published 02 Jun, 2006 12:00am
Indonesian quake survivors huddle in tents; toll rises

Indonesian quake survivors huddle in tents; toll rises

Tens of thousands of Indonesians took refuge in flimsy tents in the earthquake-hit region of Java island on Thursday, as officials urged a stop to aid distribution by night to prevent theft and looting.
Published 02 Jun, 2006 12:00am
Mortar bombs kill nine

Mortar bombs kill nine

Several mortar bombs exploded on the southern edge of Baghdad on Thursday, killing at least nine people and injuring 43, police sources said. The sources said casualties were expected to rise after the attack near the southern Baghdad district of Dora.
Published 02 Jun, 2006 12:00am
US troops to get ethics training in Iraq

US troops to get ethics training in Iraq

US military commanders in Iraq on Thursday ordered ethics training for combat troops, after accusations that Marines murdered unarmed civilians in an Iraqi town last year.
Published 02 Jun, 2006 12:00am
Maoists kill 12 Indian cops

Maoists kill 12 Indian cops

At least 12 Indian policemen were killed on Thursday when suspected Maoist rebels triggered a powerful landmine in the eastern state of Jharkhand, police said. The attack, in the iron-ore hub of Kiriburu, killed the men as they were heading to defuse a bo
Published 02 Jun, 2006 12:00am
Bush urges compromise in immigration debate

Bush urges compromise in immigration debate

President George W. Bush said on Thursday an overhaul of US immigration law will require compromise on both sides of the volatile issue and there was "no excuse" for putting it off.
Published 02 Jun, 2006 12:00am
Taiwan president cedes some powers to premier

Taiwan president cedes some powers to premier

Taiwan President Chen Shui-bian has ceded some powers to the premier in an attempt to deflect growing pressure from supporters and opponents alike to resign but media said on Thursday it was not enough.
Published 02 Jun, 2006 12:00am
Turkish-run ship, Greek tanker collide: one dead

Turkish-run ship, Greek tanker collide: one dead

A Turkish-operated cargo ship sank on Thursday after colliding with a Greek tanker in the southern Aegean Sea, killing one Turkish sailor and leaving five sailors missing, officials said. The cause of the collision was not immediately known, but the area,
Published 02 Jun, 2006 12:00am
Thousands protest over unpaid wages in Gaza

Thousands protest over unpaid wages in Gaza

Thousands of Palestinian security men fired automatic rifles and vandalised the parliament in Gaza on Thursday in one of the biggest protests over unpaid wages since the Hamas government took office in March.
Published 02 Jun, 2006 12:00am
French Prime Minister brushes off woes, vows policy push

French Prime Minister brushes off woes, vows policy push

France's prime minister vowed on Thursday to forge ahead with his policies despite looming presidential elections and persistent doubts about his future after a turbulent first year in office.
Published 02 Jun, 2006 12:00am
US troops focus on al Qaeda in Ramadi

US troops focus on al Qaeda in Ramadi

Al Qaeda militants have gained ground in Ramadi and the 1,500 extra US troops brought to Iraq to help fight them will be used to try to break their grip on the town, the US military said on Thursday. "We are very concerned about Ramadi. The situation in R
Published 02 Jun, 2006 12:00am
Storms kill 28

Storms kill 28

Lightning storms and monsoon rains lashing parts of India have killed at least 28 people and wrought havoc in Mumbai, officials and witnesses said Thursday.
Published 02 Jun, 2006 12:00am
Indian rupee stabilises

Indian rupee stabilises

The Indian rupee stabilised on Thursday, edging away from the previous day's three-year low as the market judged it had fallen far enough for now. The partially convertible rupee ended barely changed at 46.34/35 per dollar compared to Wednesday's close of
Published 02 Jun, 2006 12:00am
Yuan ends lower on global dollar lift

Yuan ends lower on global dollar lift

China's yuan weakened slightly against the dollar on Thursday as the US currency advanced on the global market and the yuan consolidated Wednesday's largest single-day gain since revaluation. The yuan slid to 8.0204 against the dollar by Thursday's close,
Published 02 Jun, 2006 12:00am
Sterling falls against dollar

Sterling falls against dollar

Sterling fell against a rallying dollar on Thursday as the US interest rate advantage over Britain looked set to widen. The US currency rose after minutes of the Federal Reserve's latest policy meeting raised expectations of a US rate hike in June to brin
Published 02 Jun, 2006 12:00am
Dollar hits four-week high versus yen

Dollar hits four-week high versus yen

The dollar rose half a percent against major currencies on Thursday, hitting four-week highs against the yen, after minutes from the Federal Reserve's latest policy meeting raised expectations of a US rate hike in June.
Published 02 Jun, 2006 12:00am
Bonds: US auto makers shine

Bonds: US auto makers shine

Ford and General Motors found favour in the European credit markets on Thursday, as investors bought their bonds on speculation the worst for the troubled car makers may be over.
Published 02 Jun, 2006 12:00am
Bonds: US auto makers shine

Bonds: US auto makers shine

Ford and General Motors found favour in the European credit markets on Thursday, as investors bought their bonds on speculation the worst for the troubled car makers may be over.
Published 02 Jun, 2006 12:00am
Chinese shares jump to two-year high

Chinese shares jump to two-year high

Chinese shares rose 2.6 percent to their highest level in more than two years on Thursday, boosted by a strong debut for Bank of China shares in Hong Kong and renewed merger speculation among Chinese steel stocks.
Published 02 Jun, 2006 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US stocks rose on Thursday, with gains in beaten-down technology shares helping the Nasdaq. A brokerage upgrade of phone company AT&T Inc added to the positive tone, offsetting weakness in economic data.
Published 02 Jun, 2006 12:00am
Seoul stocks fall

Seoul stocks fall

Seoul stocks fell 1.72 percent to a new six-month closing low on Thursday, as bank shares such as Woori Financial Group slid following the trading debut of Bank of China on the Hong Kong bourse.
Published 02 Jun, 2006 12:00am
Britain's top share index rises

Britain's top share index rises

Britain's leading share index closed higher on Thursday, boosted by firmer US stock markets and with support from banks such as Royal Bank of Scotland, but weaker miners tempered the rise.
Published 02 Jun, 2006 12:00am
Crop woes to double Indonesia's corn imports

Crop woes to double Indonesia's corn imports

Indonesia will have to import twice the amount of corn it bought last year as an expected drop in domestic output had pushed up local prices by more than 30 percent in recent months, an industry official said on Wednesday.
Published 02 Jun, 2006 12:00am
CBOT trading volume rises in May

CBOT trading volume rises in May

The Chicago Board of Trade said on Thursday daily derivatives trading volume in May averaged a record 3.628 million contracts, up 20 percent from April and 18 percent higher than May 2005. Volume growth was helped by a "roll" of positions in Treasury debt
Published 02 Jun, 2006 12:00am
Oil slips nearly $1 ahead of Opec meeting

Oil slips nearly $1 ahead of Opec meeting

Oil slipped nearly $1 a barrel on Thursday ahead of an Opec meeting at which the cartel was expected to hold production near its full capacity. The 11-member Organisation of the Petroleum Exporting Countries, the source of more than a third of the world's
Published 02 Jun, 2006 12:00am
Wheat subsidy steadies

Wheat subsidy steadies

The European Union kept free-market wheat export subsidies little changed at 6.00 euros ($7.66) on Thursday but the tonnage covered fell from two weeks ago and more grain was again sold from the bloc's intervention stores.
Published 02 Jun, 2006 12:00am
New York cotton futures jump

New York cotton futures jump

US cotton futures settled with sizeable gains on Thursday, racing to a 6-1/2-week high as hot, dry weather persists in Texas cotton fields and a report revealed substantial crop problems in China, traders said.
Published 02 Jun, 2006 12:00am
London sugar down

London sugar down

London sugar futures fell on Thursday on trade and fund selling and possibly on hedge selling against an EU sugar export tender. Benchmark August futures settled down $3.50 at $443.50 per tonne after earlier dipping to $435.90, the lowest level for the fr
Published 02 Jun, 2006 12:00am
Metals slump

Metals slump

Metal prices on the London Metal Exchange (LME) closed in negative terrain on Thursday after investors fled commodities after a flow of bearish economic data, analysts said.
Published 02 Jun, 2006 12:00am
European gold drops to one-month low

European gold drops to one-month low

Gold prices fell 3.7 percent to a one-month low on Thursday as the metal's decline accelerated because of a rise in the dollar and technical selling. Other precious metals followed, with platinum declining to its lowest in three weeks and silver tumbling
Published 02 Jun, 2006 12:00am
US MIDDAY: coffee rises

US MIDDAY: coffee rises

Benchmark arabica coffee futures rose 1 percent to a 1-week high Thursday, fuelled by speculators buying back some of their short positions amid friendly signals on the price charts, traders said.
Published 02 Jun, 2006 12:00am
US MIDDAY: cocoa higher

US MIDDAY: cocoa higher

US cocoa futures eked out modest gains Thursday, retracing most of the day's advance after an early speculative buying rally fizzled out, market sources said. The New York Board of Trade's active cocoa contract for July delivery settled up $3 at $1,476 a
Published 02 Jun, 2006 12:00am
US MIDDAY: sugar down

US MIDDAY: sugar down

US raw sugar futures broke key support Thursday, slipping below 15 cents a lb as fund selling continued uninterrupted at a rate dealers said could bottom out soon.
Published 02 Jun, 2006 12:00am
US MIDDAY: corn turns up

US MIDDAY: corn turns up

Corn futures at the Chicago Board of Trade turned firm early on Thursday on a mild short-covering bounce from Wednesday's decline amid stellar condition ratings for the US crop, traders said.
Published 02 Jun, 2006 12:00am
US MIDDAY: wheat moves up

US MIDDAY: wheat moves up

Nearby wheat futures on the Chicago Board of Trade turned higher by midmorning on Thursday in a mild correction after a technical collapse on Wednesday that pushed front-month July below $4, traders said. Prices opened lower on follow-through selling, but
Published 02 Jun, 2006 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper futures tumbled more than 5 percent at the open on Thursday, pressured by a broad sell-off in the metals, but prices managed to climb off the lows after dollar pared morning gains, sources said. "It's just mass liquidation across the board in al
Published 02 Jun, 2006 12:00am
US MIDDAY: soyabeans weak

US MIDDAY: soyabeans weak

Soyabean futures at the Chicago Board of Trade were weak by midmorning Thursday on continued technical selling, following the early weakness in soyabean oil and crude oil, traders said. With the booming soya biodiesel industry, soyabeans and soyabean oil
Published 02 Jun, 2006 12:00am
US MIDDAY: gold futures fall

US MIDDAY: gold futures fall

US gold futures fell sharply on Thursday to close at their lowest levels since late April, and other precious metals also retreated, as a firmer dollar dulled investment demand for the hard assets, dealers said.
Published 02 Jun, 2006 12:00am
Train traffic restored

Train traffic restored

The rail track damaged in the Hazara Express derailment between Adam Sahaba and Sadiqabad on Wednesday was repaired on Thursday and rail traffic restored. Rescue teams after making 18-hour hectic efforts repaired the track and returned to Multan and Sukku
Published 02 Jun, 2006 12:00am
Lawyers condemn police excesses

Lawyers condemn police excesses

Lawyers observed strike on Thursday in protest against the high-handedness and misbehaviour of police towards lawyers. The Punjab Bar Council gave the call for a strike in which lawyers boycotted the courts and did not perform their professional duties. B
Published 02 Jun, 2006 12:00am
PML-N slams victimisation of opponents by government

PML-N slams victimisation of opponents by government

The Pakistan Muslim League (Nawaz) criticised the government for victimisation of political opponents and termed it sabotaging the process of holding free and fair general elections.
Published 02 Jun, 2006 12:00am
Plan to shift industrial units

Plan to shift industrial units

Faisalabad District government has decided to shift industrial units, being run in the congested areas of the Industrial City, to the industrial estates within next two years. This was disclosed by District Co-ordination Officer Major Azam Salman Khan (Re
Published 02 Jun, 2006 12:00am
PCRA threatens token shutter-down on June 7

PCRA threatens token shutter-down on June 7

Pakistan Chemists Retailers Association (PCRA) on Thursday announced to observe a token shutter-down strike on June 7 across the province followed by protests and hunger strikes if the Punjab government did not accept their demands.
Published 02 Jun, 2006 12:00am
Growers urged to curb fruit fly infestation in mango

Growers urged to curb fruit fly infestation in mango

Fruit fly can be minimised through proper sanitation in mango orchards and annihilation of fruit fallen under the trees by 80 percent because the rotten fallen mango fruit is the rearing media for fruit fly, said Dr Ghulam Jilani, Chief Scientific Officer
Published 02 Jun, 2006 12:00am
Beef production through cattle crossbreeding

Beef production through cattle crossbreeding

Proteins are essential for the human diet. These are obtained from animal and plant sources. Proteins play important role in the physical and mental growth.
Published 02 Jun, 2006 12:00am
Suggestions for textile policy

Suggestions for textile policy

No planning or development, whatsoever, is possible without the help of carefully prepared authentic statistics. But, as ill luck would have it, no such authentic statistics for the textile industry are available with the textile sector except the ginning
Published 02 Jun, 2006 12:00am
Budget allocations

Budget allocations

Nations invest vast sums of money on health and education. No returns are expected in terms of education fee charged or hospitalisation charges. This is an investment to secure the future destiny of the country, which solely depends on its human resources
Published 02 Jun, 2006 12:00am
SBP clarification on "Monitoring of Inflation"

SBP clarification on "Monitoring of Inflation"

This is with reference to the editorial titled "Monitoring of Inflation" which appeared in your esteemed daily today (Business Recorder June 1, 2006 issue).
Published 02 Jun, 2006 12:00am
With 'Gazprom Village', Russia's gas giant turns luxury hotelier

With 'Gazprom Village', Russia's gas giant turns luxury hotelier

As Europe moans about Gazprom's monopoly over Russian gas exports, the state-controlled giant is turning a sleepy Soviet-era ski resort in the Caucasus mountains near President Vladimir Putin's summer residence into a luxury retreat.
Published 02 Jun, 2006 12:00am
Reforming school education

Reforming school education

Speaking at the concluding session of a national education conference in Islamabad on Wednesday, Federal Education Minister Lieutenant General Javed Ashraf Kazi (Retd) outlined some important measures that are to form part of a new policy.
Published 02 Jun, 2006 12:00am
Budget: separation of powers

Budget: separation of powers

Marrying political and economic imperatives is always a tough job. It is all the more difficult when the government is made up of different political parties and the financial policy documents like the budget have to pass through various stages.
Published 02 Jun, 2006 12:00am
Bail cancelled

Bail cancelled

An additional district and sessions judge, Lahore, on Thursday cancelled the bail of Arif Zahoor involved in a fraud case. Earlier Mian Muhammad Kashif, counsel of respondent Ajmal Kanju contended before the court that the applicant a textile mills direct
Published 02 Jun, 2006 12:00am
LHCBA turns down money transfer proposal

LHCBA turns down money transfer proposal

The Lahore High Court Bar Association (LHCBA) turned down a proposal floated by President of the bar with regard to transfer of an amount of Rs 5 million donated to the bar by Chief Minister, Punjab, in a new bank.
Published 02 Jun, 2006 12:00am
'Disabled need consideration at all stages'

'Disabled need consideration at all stages'

The disabled persons have the same fundamental rights as their fellow citizens and they are entitled to the measures designed to enable them to become as self-reliant as possible, hence their special needs must be taken into consideration at all stages of
Published 02 Jun, 2006 12:00am
Lesco and Iranian firm sign deal

Lesco and Iranian firm sign deal

In view of the sharp rise in demand for power supply to overcome power overloading and tripping, an agreement was signed between Lesco and an Iranian firm, Iran Transfo, for provision of 10 power transformers to Lesco. The transformers to cost about Rs 25
Published 02 Jun, 2006 12:00am
Groundbreaking of Earth, Environmental Sciences College held

Groundbreaking of Earth, Environmental Sciences College held

Groundbreaking ceremony of College of Earth and Environmental Sciences was held at Punjab University new campus on Thursday. Speaking on the occasion, Punjab University Vice-chancellor Arshad Mahmood said that keeping in view the environmental issues.
Published 02 Jun, 2006 12:00am
Saudi envoy gives Rs 357 million cheque to minister for quake victims

Saudi envoy gives Rs 357 million cheque to minister for quake victims

Saudi ambassador Ali S. Awadh Asseri handed over cheque of over Rs 357 million to Social Welfare Minister Zobaida Jalal on behalf of Saudi Prince Ahmed Bin Sultan for earthquake affectees. The amount will be distributed among the earthquake affectees of '
Published 02 Jun, 2006 12:00am
SCCI export trophy awards on July 18

SCCI export trophy awards on July 18

Sarhad Chamber of Commerce & Industry (SCCI) announced the holding of third gold medal, export trophy awards, bank of the province (export finance) and best airline of the province in cargo sector 2004-05. Prime Minister Shaukat Aziz has been invited as c
Published 02 Jun, 2006 12:00am
'Asthma patients can live normal life'

'Asthma patients can live normal life'

Though no cure is found for asthma yet, its patients live normal, active and productive life. This was the message of a presentation by Dr Shazli Manzoor of Shifa International Hospital, Islamabad on "Asthma Awareness Programme" (AAP) conducted by Rotary
Published 02 Jun, 2006 12:00am
USC denies allegations

USC denies allegations

Through effective vigilance system, it has been made impossible for staff of Utility Stores Corporation (USC) to supply sugar in bulk to any of its favourite.
Published 02 Jun, 2006 12:00am
'Visit of UAE ruler to further enhance ties'

'Visit of UAE ruler to further enhance ties'

The visit of United Arab Emirates Vice President Muhammad bin Rashid Al Maktoom will help further increasing ties with Pakistan, said Pakistan Ambassador to the UAE Ehsanullah. His first visit out of the Gulf region shows importance of Pakistan as an inve
Published 02 Jun, 2006 12:00am
Uniform education system in national language stressed

Uniform education system in national language stressed

The Hamdard Shoora has stressed the need for a uniform education system in national language and a single curriculum for the country, based on Islamic values. The views were expressed by speakers at monthly Hamdard Thinkers Forum. Admiral Iftikhar Ahmed S
Published 02 Jun, 2006 12:00am
20 million suffering from Hepatitis B and C: PML-N

20 million suffering from Hepatitis B and C: PML-N

Pakistan Muslim League (N) on Thursday revealed that almost 20 million people were suffering from Hepatitis B and C in the country and the deadly disease could hit half of the population if timely precautionary measures were not taken.
Published 02 Jun, 2006 12:00am
NAB recovers 70 percent amount in Sherwani Securities case

NAB recovers 70 percent amount in Sherwani Securities case

The National Accountability Bureau (NAB) has recovered 70 percent embezzled amount in Sherwani Securities fraud case in the form of cash, shares and other assets of the main accused, out of which 28.8 percent of the investment claims have been reimbursed
Published 02 Jun, 2006 12:00am
Government's borrowing from banking system declined

Government's borrowing from banking system declined

Government's net budgetary borrowing from the banking system during July 1, 2005 and May 20, 2006 has declined to Rs 56.27 billion against FY 2005-06 target of Rs 98 billion, the State Bank of Pakistan (SBP) said on Thursday.
Published 02 Jun, 2006 12:00am
Engro donates maize seeds for quake-hit farmers

Engro donates maize seeds for quake-hit farmers

Engro-Chemicals Pakistan (Pvt) Ltd has donated 25 tons of maize hybrid seeds for earthquake affected areas and handed it to the Ministry of Food, Agriculture and Livestock here on Thursday.
Published 02 Jun, 2006 12:00am
IBP to train 30 NBP managers

IBP to train 30 NBP managers

The Institute of Bankers Pakistan (IBP) is organising a high value 6-week course on Effective Branch Management for 30 Female Managers of National Bank of Pakistan drawn from the bank's countrywide network.
Published 02 Jun, 2006 12:00am
Police kill accomplices of Rehman dacoit

Police kill accomplices of Rehman dacoit

As many as three accomplices of Rehamn dacoit were killed in a shootout with police during an operation jointly launched by Malir City Police and Lyari Task Force here on Thursday morning.
Published 02 Jun, 2006 12:00am
Shop timings to be changed from June 15

Shop timings to be changed from June 15

The shop timings will be changed from June 15 whereby all shops will open in the morning and close at dusk. The decision was taken at a high level meeting held under the chairmanship of Governor Dr Ishrat-ul-Ibad Khan in which various steps came under con
Published 02 Jun, 2006 12:00am
Pak Suzuki performance lauded

Pak Suzuki performance lauded

The National Assembly's Standing Committee on Production has expressed its satisfaction over the performance of Pak Suzuki Motor Company in meeting the demand of vehicles, achieving localisation and the contributions to the national exchequer.
Published 02 Jun, 2006 12:00am
Temporary currency exchange booths at Haji camps allowed

Temporary currency exchange booths at Haji camps allowed

The State Bank of Pakistan (SBP) has decided to allow the exchange companies to set up their own currency exchange booths at the Haji camps during Haj season. According to SBP this step has been taken under F.E. Circular No 09 dated July 30, 2002 to facil
Published 02 Jun, 2006 12:00am
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