AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
Brecorder Logo
May 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-02-28
CBOT rice closes firm

CBOT rice closes firm

Rough rice futures on the Chicago Board of Trade ended firm on Monday with spreading featured, traders said. March rice ended 3-1/2 cents firmer at $10.22 per hundredweight, with the back months steady to up 2 cents.
Published 28 Feb, 2007 12:00am
Malaysian palm oil slips

Malaysian palm oil slips

Malaysian crude palm oil futures closed down 1.2 percent on Tuesday as players booked profits after three straight days of gains. Dealers said the market was waiting for February export numbers to be released by cargo surveyors on Wednesday.
Published 28 Feb, 2007 12:00am
Myanmar awards gas exploration deal to Daewoo

Myanmar awards gas exploration deal to Daewoo

Military-ruled Myanmar has awarded another contract to South Korean conglomerate Daewoo International Corp to explore for natural gas in the Gulf of Bengal, state media said Tuesday. The new contract is to explore in a block of deep water off Myanmar's Ar
Published 28 Feb, 2007 12:00am
China weighs adopting new QFII formula

China weighs adopting new QFII formula

Foreign investors will be allowed to plough a lot more money into China's stock market under a proposed new formula for determining inbound portfolio investment, a regulatory source said on Tuesday.
Published 28 Feb, 2007 12:00am
Bangladesh foreign exchange reserves hit all-time high

Bangladesh foreign exchange reserves hit all-time high

Bangladesh's foreign currency reserves hit a record above four billion dollars Tuesday on the back of booming exports and earnings sent home by workers living abroad, the central bank said. "The reserve hit an all-time high figure of 4.09 billion dollars
Published 28 Feb, 2007 12:00am
US durable goods orders tumble

US durable goods orders tumble

New orders for US-made durable goods fell by a much sharper-than-expected 7.8 percent in January as non-defence goods orders saw their biggest monthly decline ever, a government report showed on Tuesday. A steep drop in orders for Boeing Co airliners help
Published 28 Feb, 2007 12:00am
EU ministers urge inflation-friendly pay deals

EU ministers urge inflation-friendly pay deals

European finance ministers sent wage earners a blunt message on Tuesday - it is fair to seek a share of soaring company profits, but don't overdo it or inflation will rise and everyone could lose out.
Published 28 Feb, 2007 12:00am
Danish social model can't be emulated: OECD chief

Danish social model can't be emulated: OECD chief

Denmark's social model, set by the European Commission as an example for EU states to follow, cannot be emulated in most other countries, OECD Secretary-General Angel Gurria said on Tuesday.
Published 28 Feb, 2007 12:00am
EU takeover rules blocked by 'protectionist' states

EU takeover rules blocked by 'protectionist' states

European Union rules on take-overs have failed to bring down barriers to cross-border deals but they will not be changed any time soon, the EU's executive body said on Tuesday. The rules were heavily watered down by the European Parliament and member coun
Published 28 Feb, 2007 12:00am
Unions fear 10,000 layoffs, threaten strike

Unions fear 10,000 layoffs, threaten strike

Airbus unions threatened strike action on Tuesday over job losses which they fear could affect 10,000 posts at the troubled EADS jetmaker subsidiary. "We fear that the figure will go up to 10,000 ... We fear it is serious that 10,000 jobs will be lost," E
Published 28 Feb, 2007 12:00am
Job cuts loom as Airbus prepares to detail reforms

Job cuts loom as Airbus prepares to detail reforms

Airbus will spell out its controversial Power8 restructuring plan on Wednesday after meeting labour leaders, the troubled planemaker said on Tuesday. Hurt by the costly delay of its A380 superjumbo and a weak dollar, Airbus needs to lower costs and streng
Published 28 Feb, 2007 12:00am
Hyundai to build first South Korea rocket launch pad

Hyundai to build first South Korea rocket launch pad

Hyundai Heavy Industries, the world's largest shipbuilder, said Tuesday it had won an order to build South Korea's first space rocket launch pad. The contract from the Korea Aerospace Research Institute calls for a launch platform and related facilities a
Published 28 Feb, 2007 12:00am
Bangladesh seeks World Bank loan for waterways

Bangladesh seeks World Bank loan for waterways

Bangladesh is seeking $300 million in loans from the World Bank to develop its inland waterways, a senior official said on Tuesday. "Rivers are the gift of nature, but we fail to reap benefits from them for they are often polluted and silted," said Sunil
Published 28 Feb, 2007 12:00am
Wal-Mart inks $1 billion China retail acquisition

Wal-Mart inks $1 billion China retail acquisition

Wal-Mart Stores Inc, the world's biggest retailer, struck a $1 billion deal to take over a Chinese rival by 2010, challenging Carrefour as the largest operator of super-centres in booming China.
Published 28 Feb, 2007 12:00am
Taiwan stocks finish firmer

Taiwan stocks finish firmer

Taiwan shares edged up 0.02 percent on Tuesday to a fresh one-month closing high, as shares like contract chip makers TSMC and UMC rose in hopes of more gains in the second quarter for the tech sector.
Published 28 Feb, 2007 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 1.44 percent lower on Tuesday on investor concern over rising oil prices, dealers said. They said most blue chips ended in the red, led by Philippine Long Distance Telephone Co (PLDT), although last-minute bargain-hunting l
Published 28 Feb, 2007 12:00am
Hong Kong shares close 1.8 percent down

Hong Kong shares close 1.8 percent down

Hong Kong blue chips slid 1.8 percent on Tuesday after earlier hitting four-week lows, as steep falls in mainland stocks sparked a sell-off, with the recent high-flying resource stocks hit hard.
Published 28 Feb, 2007 12:00am
US stocks sag as oil's rise

US stocks sag as oil's rise

US stocks skidded on Monday as resurgent economic worries and a jump in oil prices outweighed investors' excitement about a proposed bid for Texas power company TXU Corp which would be the largest private-equity buyout ever.
Published 28 Feb, 2007 12:00am
US Treasuries gain on Iran worry

US Treasuries gain on Iran worry

US Treasury prices climbed on Monday as rising Iran tensions and a comment from ex-Federal Reserve Chairman Alan Greenspan that a recession is possible added to safe-haven flows from subprime mortgage market woes.
Published 28 Feb, 2007 12:00am
US Treasuries gain on Iran worry

US Treasuries gain on Iran worry

US Treasury prices climbed on Monday as rising Iran tensions and a comment from ex-Federal Reserve Chairman Alan Greenspan that a recession is possible added to safe-haven flows from subprime mortgage market woes.
Published 28 Feb, 2007 12:00am
Singapore shares plunge

Singapore shares plunge

Singapore share prices plunged 2.29 percent on Tuesday in line with big falls in Hong Kong and China markets, dealers said. They said the market posted its biggest one-day decline since May as investors took profits after a record-breaking run.
Published 28 Feb, 2007 12:00am
Jakarta stocks tumble

Jakarta stocks tumble

Jakarta share prices closed 1.11 percent lower on Tuesday amid heavy late selling, dealers said. The fall was prompted by weakness in key regional markets and caution ahead of the release of February consumer price data due later this week, they added.
Published 28 Feb, 2007 12:00am
Thai share prices dip

Thai share prices dip

Thai share prices closed 0.69 percent lower on Tuesday amid fears of new political turmoil as Thailand's junta threatened to prosecute the head of ousted premier Thaksin Shinawatra's party, dealers said.
Published 28 Feb, 2007 12:00am
Tokyo stocks decline

Tokyo stocks decline

The Nikkei shed 0.52 percent on Tuesday, halting a three-session winning streak, as property shares such as Mitsubishi Estate Co Ltd slid on concern that their prices may have outpaced their potential earnings, while a firmer yen prompted selling of some
Published 28 Feb, 2007 12:00am
Indian shares slump

Indian shares slump

Indian share prices fell 1.25 percent on Tuesday in cautious trade ahead of the federal budget to be announced on Wednesday, dealers said. They said weak Asian markets and concerns over high inflation in the fast-growing Indian economy saw investors trim
Published 28 Feb, 2007 12:00am
Malaysian shares mark biggest one-day fall

Malaysian shares mark biggest one-day fall

Malaysian share prices plunged 2.81 percent on Tuesday - the biggest one-day fall in two years - following falls in regional markets, dealers said. They said losses were across the board on forced selling by local investors after last week's record tradin
Published 28 Feb, 2007 12:00am
Swiss franc stronger

Swiss franc stronger

The Swiss franc strengthened against the euro but held largely flat against the dollar early on Tuesday ahead of a speech by designated Swiss National Board member Thomas Jordan. Markets will scrutinise Jordan's speech later in the day for any signs that
Published 28 Feb, 2007 12:00am
Yuan gains

Yuan gains

China's yuan rose sharply against the dollar on Tuesday, as the US currency failed to regain its momentum globally amid growing tension over Iran's nuclear programme. The yuan finished at 7.7415 versus the dollar, compared with Monday's close of 7.7535, a
Published 28 Feb, 2007 12:00am
Dollar hits two-month low against euro

Dollar hits two-month low against euro

The dollar touched a two-month low against the euro and slipped against the yen on Tuesday amid growing tensions over Iran's nuclear programme and renewed worries about the US housing market.
Published 28 Feb, 2007 12:00am
Dollar slips versus yen and euro

Dollar slips versus yen and euro

The dollar slipped on Monday against the yen and the euro on expectations that US data this week could support the case for interest-rate cuts by the Federal Reserve. The yen gained across the board after the dollar failed to break above a recent high on
Published 28 Feb, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.00/69.00 (previous 69.00/69.00). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
Published 28 Feb, 2007 12:00am
Most Asian currencies shrug off rise in yuan

Most Asian currencies shrug off rise in yuan

Most Asian currencies were little changed on Tuesday, trapped between weakening domestic stock markets on the one hand and a big jump in the Japanese yen and a rising Chinese yuan on the other.
Published 28 Feb, 2007 12:00am
Hong Kong dollar falls

Hong Kong dollar falls

The Hong Kong dollar weakened on Tuesday, weighed down by a decline in the city's stock market and some arbitrage trades. The domestic currency fell as low as 7.8135 against the US dollar before trading back to 7.8121/24, down from 7.8091/93 in late Asia
Published 28 Feb, 2007 12:00am
Four threats to Australia's World Cup defence: Hussey

Four threats to Australia's World Cup defence: Hussey

Batsman Mike Hussey believes four teams will be the main threats to Australia when they defend their World Cup title in the West Indies. "I think the South Africans are obviously a very, very well drilled unit, Sri Lanka, I think are going to be very dang
Published 28 Feb, 2007 12:00am
Courier service helps Pakistan fans get World Cup visas

Courier service helps Pakistan fans get World Cup visas

West Indies authorities have appointed a special courier service to help Pakistani fans get visas for travel to the Caribbean for next month's World Cup, the Pakistan Cricket Board said Tuesday.
Published 28 Feb, 2007 12:00am
China to set up TT academies

China to set up TT academies

China is setting up a string of academies at top universities to secure a stream of talented young players in the face of huge changes to Chinese society, table tennis chief Cai Zhenhua has said.
Published 28 Feb, 2007 12:00am
German starlet chokes in Qatar

German starlet chokes in Qatar

Seventh seeded Anna-Lena Groenefeld of Germany was eliminated by Ukraine's Kateryna Bondarenko in a tight three setter 7-5, 4-6, 6-3 in the first round of the 1.34 million dollar Qatar Open here on Tuesday.
Published 28 Feb, 2007 12:00am
FA charge Arsenal and Chelsea after Cup final brawl

FA charge Arsenal and Chelsea after Cup final brawl

The English Football Association charged Arsenal and Chelsea with misconduct on Tuesday following the mass brawl in stoppage time that marred Sunday's League Cup final which ended in a 2-1 victory for Chelsea. Arsenal's Emmanuel Eboue has been charged wit
Published 28 Feb, 2007 12:00am
All-out efforts to get laurels for country: Inzamam

All-out efforts to get laurels for country: Inzamam

The final decision pertaining to inclusion or dropping of pacers Shoaib Akhtar, Muhammad Asif and Umer Gul in the final line-up of Pakistan cricket team for World Cup 2007 will be made on Wednesday on receipt of reports of the doctors.
Published 28 Feb, 2007 12:00am
Abdul Razzaq out, Umar Gul cleared

Abdul Razzaq out, Umar Gul cleared

Injury-hit Pakistan suffered a fresh World Cup blow Tuesday when allrounder Abdul Razzaq was ruled out for three weeks with a fractured knee. Razzaq was hit on the left knee by a ball during practice on Monday and doctors have advised him to take three we
Published 28 Feb, 2007 12:00am
Hong Kong tightens security at airport

Hong Kong tightens security at airport

Travellers through Hong Kong's airport will face tougher security checks from next month when new anti-terror searches of drinks and liquids are introduced, the government said Tuesday.
Published 28 Feb, 2007 12:00am
Fourth Frenchman dies after Saudi ambush

Fourth Frenchman dies after Saudi ambush

A French teenager wounded in an attack that killed three compatriots in Saudi Arabia lost his fight for life Tuesday amid shock over the first strike against Westerners in months.
Published 28 Feb, 2007 12:00am
Police informer tells Madrid trial he warned of explosives trade

Police informer tells Madrid trial he warned of explosives trade

A Moroccan man who acted as a police informer and stands accused of supplying explosives used in the March 2004 Madrid train bombings said Tuesday he told police several times about explosives trafficking in the months prior to Spain's worst terror attack
Published 28 Feb, 2007 12:00am
Italian Prime Minister faces confidence vote

Italian Prime Minister faces confidence vote

Italian Prime Minister Romano Prodi was set to defend his government's record before the Senate Tuesday on the eve of a confidence vote that could decide his political future.
Published 28 Feb, 2007 12:00am
Brown proposes community work for would-be UK citizens

Brown proposes community work for would-be UK citizens

Britain's likely next prime minister, Gordon Brown, said Tuesday that immigrants who want citizenship could face doing community service as part of a Britishness "contract". Finance minister Brown added that issues such as Muslim extremism in Britain have
Published 28 Feb, 2007 12:00am
India denies wrongdoing in arms scandal

India denies wrongdoing in arms scandal

India's prime minister denied wrongdoing on Tuesday by his Congress government over delays in seeking to extradite from Argentina an Italian businessman wanted in an arms kickback scandal.
Published 28 Feb, 2007 12:00am
Filmmaker claims discovery of Jesus tomb

Filmmaker claims discovery of Jesus tomb

A documentary by "Titanic" director James Cameron claims to have found the burial site of the biblical Jesus and his alleged wife and son in an ancient family cemetery in Jerusalem.
Published 28 Feb, 2007 12:00am
Iran kills three Kurdish rebel chiefs

Iran kills three Kurdish rebel chiefs

Iranian forces have killed three local chiefs of a Kurdish rebel group that has been involved in deadly clashes with the military close to the Turkish border, a commander said on Tuesday.
Published 28 Feb, 2007 12:00am
Iran, Syria and US to attend Baghdad talks: Iraq

Iran, Syria and US to attend Baghdad talks: Iraq

Officials from regional states including Iran and Syria will join US and British envoys at a meeting in Baghdad next month to seek ways to stabilise Iraq, Iraqi Foreign Minister Hoshiyar Zebari said on Tuesday.
Published 28 Feb, 2007 12:00am
US and Italian envoys hurt by Tigers shells

US and Italian envoys hurt by Tigers shells

The Italian and US ambassadors to Sri Lanka were slightly hurt on Tuesday when Tamil Tiger rebels shelled a delegation of diplomats led by the island's human rights minister to the restive east, officials said.
Published 28 Feb, 2007 12:00am
North Korean nuclear envoy makes rare US visit

North Korean nuclear envoy makes rare US visit

North Korea's chief nuclear envoy embarked on a rare trip to the United States on Tuesday while South Korea sent a top official to Pyongyang to persuade the North to quickly start scrapping its nuclear arms programme.
Published 28 Feb, 2007 12:00am
Iran won't halt atomic work

Iran won't halt atomic work

Iran said on Tuesday it would never suspend uranium enrichment as demanded by the West, a day after world powers agreed to work on a new UN resolution to pressure Tehran to back down over its nuclear programme.
Published 28 Feb, 2007 12:00am
Sudan rejects jurisdiction

Sudan rejects jurisdiction

Sudan said on Tuesday the International Criminal Court had no jurisdiction to try its citizens for crimes in Darfur, and said one of the two ICC suspects named has been in custody in Khartoum for months.
Published 28 Feb, 2007 12:00am
ICC names first war crimes suspects in Darfur

ICC names first war crimes suspects in Darfur

The International Criminal Court chief prosecutor named a Sudanese minister and a militia commander on Tuesday as the first suspects he wants tried for war crimes in Darfur and suggested more could follow.
Published 28 Feb, 2007 12:00am
British Foreign Minister arrives in Afghanistan

British Foreign Minister arrives in Afghanistan

British Foreign Secretary Margaret Beckett arrived in the Afghan capital Kabul Tuesday, shortly after US Vice-President Dick Cheney escaped injury in a suicide bomb attack outside a military base.
Published 28 Feb, 2007 12:00am
Russia offers Hamas leader help to lift embargo

Russia offers Hamas leader help to lift embargo

Russia told Hamas leader Khaled Meshaal on Tuesday it would try to influence Western powers into lifting an aid embargo on the Palestinian administration but urged the movement to recognise Israel. Russia, the United States, the European Union and the Uni
Published 28 Feb, 2007 12:00am
Indian rupee steadies

Indian rupee steadies

The Indian rupee was steady against the dollar on Tuesday with gains from capital inflows blocked by scattered central bank intervention in a bid to protect exporters' competitiveness, traders said. The partially convertible rupee ended at 44.2200/ 2275 p
Published 28 Feb, 2007 12:00am
Sterling plummets

Sterling plummets

Sterling fell sharply against the yen on Tuesday as investors reassessed yield-dependent carry trades in a bid to avoid risk, with the move also dragging the pound down versus the euro. The yen rose broadly as risk appetite abated and investors sought to
Published 28 Feb, 2007 12:00am
Yen rallies versus majors

Yen rallies versus majors

The yen gained around 1 percent versus major currencies on Tuesday as falling global stocks, concern about Iran's nuclear programme and jitters ahead of key US data prompted some investors to unwind carry trades.
Published 28 Feb, 2007 12:00am
Chinese stocks sink 8.8 percent in decade's biggest drop

Chinese stocks sink 8.8 percent in decade's biggest drop

Chinese stock market, one of the world's best-performing bourses, plunged nearly 9 percent on Tuesday as profit-taking by local funds snowballed before a parliament session beginning next week.
Published 28 Feb, 2007 12:00am
Tuesday's early trade: Dow Jones, S&P tumble

Tuesday's early trade: Dow Jones, S&P tumble

US stocks tumbled on Tuesday, sending the benchmark Standard & Poor's 500 index down more than 2 percent, after China's main equity index plunged on concerns that share valuations there had become overextended and economic growth may slow.
Published 28 Feb, 2007 12:00am
Bonds: crossover widens sharply

Bonds: crossover widens sharply

The iTraxx Crossover index widened sharply early on Tuesday as European stocks dropped, China's stock market fell over 8 percent and former Federal Reserve Chairman Alan Greenspan said a US recession was possible by the end of the year.
Published 28 Feb, 2007 12:00am
Bonds: crossover widens sharply

Bonds: crossover widens sharply

The iTraxx Crossover index widened sharply early on Tuesday as European stocks dropped, China's stock market fell over 8 percent and former Federal Reserve Chairman Alan Greenspan said a US recession was possible by the end of the year.
Published 28 Feb, 2007 12:00am
FTSE tumbles two percent

FTSE tumbles two percent

Britain's top share index tumbled more than 2 percent amid a global sell-off on Tuesday, with banks and miners worst hit, after a drop in China's main index spooked investors. In the index's largest percentage drop in a single day since June 8, 2006, when
Published 28 Feb, 2007 12:00am
Italian wheat output may up

Italian wheat output may up

Italy should raise wheat output this year after farmers planted more grain, encouraged by last year's high prices, the chairman of Milan's cereals bourse said on Tuesday. The result will be a fall in wheat purchases by Italy, which relies on imports to co
Published 28 Feb, 2007 12:00am
Italian gold jewellery output may fall again

Italian gold jewellery output may fall again

Italian gold jewellery output may fall again this year as metal price volatility continues and competition from lower cost rivals grows, an industry expert said on Tuesday, scrapping previous forecasts of a 2007 recovery.
Published 28 Feb, 2007 12:00am
Oil up as refinery woes counter China stock drop

Oil up as refinery woes counter China stock drop

Oil prices rose on Tuesday as concerns about US summer gasoline supplies after a string of refinery problems offset demand worries after a steep drop in the stock exchange of giant energy consumer China. US crude settled 7 cents higher at $61.46 a barrel,
Published 28 Feb, 2007 12:00am
London sugar moves up

London sugar moves up

London white sugar futures tracked the IntercontinentalExchange's NYBOT raw sugar futures to close higher on Tuesday as traders focused on expiry of the NYBOT March contract on Wednesday. London May sugar finished up $1.80 to $335.80 per tonne in thin vol
Published 28 Feb, 2007 12:00am
New York cotton futures lower

New York cotton futures lower

Cotton futures settled softer Tuesday on speculative and option-related sales sparked by a rout in Chinese stocks which may depress the Asian giant's cotton imports, brokers said. "Everything is attached to China," said Mike Stevens, an analyst for broker
Published 28 Feb, 2007 12:00am
Copper eases, nickel hits new peak

Copper eases, nickel hits new peak

Copper prices eased on Tuesday as jitters about falling demand from China surfaced after its stock market plunged nearly 9 percent, but analysts think the worry is overdone and see higher base metal prices ahead.
Published 28 Feb, 2007 12:00am
Gold falls away from nine-month high

Gold falls away from nine-month high

Gold fell over 1 percent in choppy trade on Tuesday afternoon, ignoring the weaker dollar that has supported the metal in recent sessions. Many analysts and traders had been calling for a short-term correction after bullion prices had galloped to their hi
Published 28 Feb, 2007 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

Concerns about a possible slowdown in global growth amid fears China would crack down on stock market speculation drove Chicago Board of Trade corn futures sharply lower early Tuesday, traders said.
Published 28 Feb, 2007 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

Wheat futures on the Chicago Board of Trade were down hard at midday on Tuesday as worries of a slowdown in China's economy triggered aggressive selling and sell-stops in wheat, corn and soybeans, traders said.
Published 28 Feb, 2007 12:00am
US MIDDAY: copper futures decline

US MIDDAY: copper futures decline

US copper futures lost two percent at the open on Tuesday after heavy declines in China's stock market and softer US durable goods orders in January raised concerns about future demand growth, traders said.
Published 28 Feb, 2007 12:00am
US MIDDAY: soyabeans plunge

US MIDDAY: soyabeans plunge

Soyabean futures at the Chicago Board of Trade tumbled early on Tuesday, pressured by fears that China would put controls on its markets to slow growth, traders said.
Published 28 Feb, 2007 12:00am
US MIDDAY: gold lower

US MIDDAY: gold lower

US gold futures fell more than 1 percent early Tuesday, despite a weaker dollar, as a broad decline in the stock market prompted investors to take profits.
Published 28 Feb, 2007 12:00am
Multan to have 12 water purification plants

Multan to have 12 water purification plants

The City District Government Multan will provide 12,000 gallons clean water to citizens through purification plants being installed at 12 different locations in the city, from March 15. This all is being done on purely by utilising affordable, reliable an
Published 28 Feb, 2007 12:00am
Crackdown against cattle pens begins on March 1

Crackdown against cattle pens begins on March 1

The City District Government has announced launching crackdown against cattle pens, who failed in shifting their cowsheds till February 28 and formed four squads comprising police, concerned town representatives and livestock officials. The squad would lo
Published 28 Feb, 2007 12:00am
IDA to give $100 million for Punjab education uplift

IDA to give $100 million for Punjab education uplift

International Development Association (IDA) will provide $100 million for Fourth Punjab Education Development Policy Credit (PEDPC IV) and Punjab government will provide $850 million from their own resources.
Published 28 Feb, 2007 12:00am
Philippines challenges India for outsourced dollar

Philippines challenges India for outsourced dollar

It's dusk in the Philippine capital Manila and the five-storey office of Advanced Contact Solutions Inc (ACS) is beginning to fill up. By 10 pm, all 1,600 call centre agents will be at work, rebooking airline flights in the United States and dealing with
Published 28 Feb, 2007 12:00am
Soaring crime gets Kenyan capital dubbed 'Nairobbery'

Soaring crime gets Kenyan capital dubbed 'Nairobbery'

Once hailed as a 'City in the Sun', the Kenyan capital is increasingly depicted as reeling under violent crime where crooks with weapons -- some only toys but frighteningly realistic -- roam with impunity.
Published 28 Feb, 2007 12:00am
CSIBL issue

CSIBL issue

This has reference to Dr Tharani's letter published on February 23, 2007 in Business Recorder under the caption of CSIBL issue, I would like to add here that SECP has been operating CSIBL since August 2006, but SECP is not making anything public de
Published 28 Feb, 2007 12:00am
PAF safety concerns

PAF safety concerns

More PAF aircraft have been lost during peace time, than during active war duty. These losses include all types of aircraft, ranging from F16, Mirages, F6 etc. Does this not point to serious lapses in the Air Force maintenance and engineering division, or
Published 28 Feb, 2007 12:00am
Balloting still awaited

Balloting still awaited

More than one month has gone now and still investors are waiting for the balloting results of OGDCL shares. In the first week of January 2007 the Privatisation Commission invited shares applications.
Published 28 Feb, 2007 12:00am
Libya takes cautious steps to modernise banking

Libya takes cautious steps to modernise banking

Thirty years after officially proclaiming itself socialist, Libya is gradually opening up its banking system with a string of privatisations in the works and the establishment of foreign banks.
Published 28 Feb, 2007 12:00am
Five years on, India's 'modern-day Nero' prospers

Five years on, India's 'modern-day Nero' prospers

He was accused of being a "modern-day Nero" who sat back while thousands of Muslims were butchered, but Narendra Modi has not only survived as chief minister of India's western state of Gujarat, he has prospered.
Published 28 Feb, 2007 12:00am
How independent are KSE's independent directors?

How independent are KSE's independent directors?

The recent ongoing conflict between the nominated directors and the management of the Karachi Stock Exchange has been a source of concern for many, who had been advocating for implementing a strict code of corporate governance in corporate sector.
Published 28 Feb, 2007 12:00am
New initiative for alternative energy development

New initiative for alternative energy development

Heartening, indeed, it is to learn from a Recorder Report that the government sailed through the National Assembly with a bill to establish Alternative Energy Development Board as a permanent body to facilitate development and to generate alternati
Published 28 Feb, 2007 12:00am
Hike in power tariff

Hike in power tariff

After dithering for a long period, the government finally decided to increase electricity tariff by 10 percent with effect from 24th February, 2007 for all categories of consumers except those who consume 50 units per month or less.
Published 28 Feb, 2007 12:00am
Multan lawyers threaten to launch protest drive

Multan lawyers threaten to launch protest drive

Multan High Court Bar Association office-bearers have threatened to launch a protest drive in Southern Punjab on allowing or instigating Sahiwal clients to file petitions before the principal seat of High Court instead of Multan bench under the fresh proc
Published 28 Feb, 2007 12:00am
Six murderers hanged in Punjab jails

Six murderers hanged in Punjab jails

Six condemned prisoners, involved in murder cases, were hanged till death in different jails of Punjab on Tuesday morning. Three robbers Ubaidullah (45) son of Faqirullah of Yazman, Muhammad Ismail (45) son of Muhammad Hussain of Uch Sharif and Nazar Huss
Published 28 Feb, 2007 12:00am
Pakistan offers excellent opportunities of investment: Soomro

Pakistan offers excellent opportunities of investment: Soomro

Being a big emerging market, Pakistan offers excellent prospects of profitable investment in a host of areas, said Senate Chairman Mohammedmian Soomro on Tuesday. He was talking to the President of Eurasia Group, Ahmed C Bozer and Irial Finan, President B
Published 28 Feb, 2007 12:00am
Oil and gas output to be raised to 100,000 barrels a day

Oil and gas output to be raised to 100,000 barrels a day

The government is making out efforts to increase domestic oil and gas production to 100,000 barrels per day from existing 66,000 barrels per day and natural gas production to five billion cubic feet per day from 3.8 billion cubic feet at present.
Published 28 Feb, 2007 12:00am
Fesco initiating mega project to upgrade grid stations

Fesco initiating mega project to upgrade grid stations

The Fesco is initiating a mega project to renovate and upgrade its existing grid stations besides adding to 12 new grid stations at a cost of Rs 1.2 billion, said Sheikh Muhammad Ashraf, Manager, Grid System Construction.
Published 28 Feb, 2007 12:00am
Blood banks told to get registered

Blood banks told to get registered

The Health Regulatory Authority (HRA) has directed the private sector blood banks to get registered with the Health Regulatory Authority, NWFP, under the 'NWFP Province Medical and Health Institutions Regulation of Healthcare Services Ordinance 2002' with
Published 28 Feb, 2007 12:00am
Previous Day