News Archives for Print - 2005-09-02

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (September 01, 2005).

Published 02 Sep, 2005 12:00am

SBP advice to banks and DFIs

The State Bank of Pakistan (SBP) has directed all banks and DFIs to prepare their quarterly financial statement within 30 days of the end of the quarter to which they relate.

Published 02 Sep, 2005 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (September 01, 2005).

Published 02 Sep, 2005 12:00am

SBP advice to banks and DFIs

The State Bank of Pakistan (SBP) has directed all banks and DFIs to prepare their quarterly financial statement within 30 days of the end of the quarter to which they relate.

Published 02 Sep, 2005 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 02 Sep, 2005 12:00am

SBP advice to banks and DFIs

The State Bank of Pakistan (SBP) has directed all banks and DFIs to prepare their quarterly financial statement within 30 days of the end of the quarter to which they relate.

Published 02 Sep, 2005 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 02 Sep, 2005 12:00am

KSE index loses 27.65 points

The share prices received minor correction on Thursday following a continuous rise in the index where volume was still on the higher side, indicating brisk participation of seasoned investors and financial institutions.

Published 02 Sep, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (September 01, 2005).

Published 02 Sep, 2005 12:00am

KSE index loses 27.65 points

The share prices received minor correction on Thursday following a continuous rise in the index where volume was still on the higher side, indicating brisk participation of seasoned investors and financial institutions.

Published 02 Sep, 2005 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 02 Sep, 2005 12:00am

KSE index loses 27.65 points

The share prices received minor correction on Thursday following a continuous rise in the index where volume was still on the higher side, indicating brisk participation of seasoned investors and financial institutions.

Published 02 Sep, 2005 12:00am

Partly Facetious: ultimate source of all statistics

"I love statistics."

Published 02 Sep, 2005 12:00am

Duty-free cement import allowed

The Economic Co-ordination Committee (ECC) of the Cabinet, which met with Prime Minister Shaukat Aziz in the chair, here on Thursday allowed duty-free import of cement through private sector, besides auctioning of 50,000 tonnes of sugar from the Trading C

Published 02 Sep, 2005 12:00am

Officials perturbed over new asset, income declaration proforma

The new proforma devised by the Establishment Division for declaration of income and assets by the government officials has created panic among the civil bureaucracy and they have strongly resented it, terming it "uncalled for and a new tactic of the gove

Published 02 Sep, 2005 12:00am

Duty-free cement import allowed

The Economic Co-ordination Committee (ECC) of the Cabinet, which met with Prime Minister Shaukat Aziz in the chair, here on Thursday allowed duty-free import of cement through private sector, besides auctioning of 50,000 tonnes of sugar from the Trading C

Published 02 Sep, 2005 12:00am

New York cocoa easier

US benchmark cocoa futures sagged amid modest trading on Wednesday, with the benchmark contract shedding about 0.1 percent as market players squared positions for the month's end, traders said.

Published 02 Sep, 2005 12:00am

Duty-free cement import allowed

The Economic Co-ordination Committee (ECC) of the Cabinet, which met with Prime Minister Shaukat Aziz in the chair, here on Thursday allowed duty-free import of cement through private sector, besides auctioning of 50,000 tonnes of sugar from the Trading C

Published 02 Sep, 2005 12:00am

New York coffee extends gains

US coffee futures rose on Wednesday for the second consecutive session amid lingering worries about supply tightness and damage to coffee storage and roasting facilities in hurricane-stricken Louisiana.

Published 02 Sep, 2005 12:00am

Refund claims will be subject to strict scrutiny: CBR

In a bid to stop payment of sales tax refund on fraudulent documents, the Central Board of Revenue (CBR) has directed Sales Tax collectorates that all refund claims 15 percent in excess of amount of the monthly average amount claimed by the applicant duri

Published 02 Sep, 2005 12:00am

US Gulf grain exports face hurdles; river reopens

A stretch of the Mississippi River was reopened on Wednesday in a glimmer of hope for halted US grain exports, but power outages, stranded barges and floodwaters remained major hurdles after Hurricane Katrina.

Published 02 Sep, 2005 12:00am

Refund claims will be subject to strict scrutiny: CBR

In a bid to stop payment of sales tax refund on fraudulent documents, the Central Board of Revenue (CBR) has directed Sales Tax collectorates that all refund claims 15 percent in excess of amount of the monthly average amount claimed by the applicant duri

Published 02 Sep, 2005 12:00am

Hungary Prime Minister cuts taxes, spending

Hungary's prime minister, whose Socialists trail the opposition ahead of polls next year, set out a 2006 budget on Thursday that offers to leave more cash in people's pockets but steer a tight course towards euro entry.

Published 02 Sep, 2005 12:00am

Refund claims will be subject to strict scrutiny: CBR

In a bid to stop payment of sales tax refund on fraudulent documents, the Central Board of Revenue (CBR) has directed Sales Tax collectorates that all refund claims 15 percent in excess of amount of the monthly average amount claimed by the applicant duri

Published 02 Sep, 2005 12:00am

Deutsche Telekom plans $3.7 billion fibre-optic network

Germany's dominant phone carrier Deutsche Telekom will spend 3 billion euros ($3.7 billion) on its fixed-line network in the next two years as it tries to halt a decline in market share at its cash-cow unit.

Published 02 Sep, 2005 12:00am

Prime Minister directs BoI to redouble efforts

Prime Minister Shaukat Aziz on Thursday directed the Board of Investment to redouble its efforts to attract foreign investment in the fields of engineering, real estate, telecommunication, information technology and agro-business industry.

Published 02 Sep, 2005 12:00am

Deutsche Telekom plans $3.7 billion fibre-optic network

Germany's dominant phone carrier Deutsche Telekom will spend 3 billion euros ($3.7 billion) on its fixed-line network in the next two years as it tries to halt a decline in market share at its cash-cow unit.

Published 02 Sep, 2005 12:00am

Prime Minister directs BoI to redouble efforts

Prime Minister Shaukat Aziz on Thursday directed the Board of Investment to redouble its efforts to attract foreign investment in the fields of engineering, real estate, telecommunication, information technology and agro-business industry.

Published 02 Sep, 2005 12:00am

US oil struggles to recover from Katrina; could take months

Flooding, power outages and storm damage left the US oil industry in disarray Thursday, prompting warnings from officials that it could take months to restore a refining system devastated by Hurricane Katrina.

Published 02 Sep, 2005 12:00am

Prime Minister directs BoI to redouble efforts

Prime Minister Shaukat Aziz on Thursday directed the Board of Investment to redouble its efforts to attract foreign investment in the fields of engineering, real estate, telecommunication, information technology and agro-business industry.

Published 02 Sep, 2005 12:00am

Nigerian government tipped to win fuel price dispute

The Nigerian government is well placed to win a dispute with unions over fuel prices and any strike is unlikely to hit oil supplies from the world's No 8 exporter, analysts and industry executives said on Thursday.

Published 02 Sep, 2005 12:00am

Wapda to set up two thermal power plants

Two Thermal Power plants of 900 MW (450 MW each) at an estimated cost of Rs 35 billion would be constructed by the Water and Power Development Authority (Wapda) to meet the future demand of power in the country.

Published 02 Sep, 2005 12:00am

British manufacturing ends four-month rut

British manufacturing unexpectedly broke four straight months of contraction in August as new orders and production grew at their fastest pace since March and prices charged also rose, a survey showed on Thursday.

Published 02 Sep, 2005 12:00am

Wapda to set up two thermal power plants

Two Thermal Power plants of 900 MW (450 MW each) at an estimated cost of Rs 35 billion would be constructed by the Water and Power Development Authority (Wapda) to meet the future demand of power in the country.

Published 02 Sep, 2005 12:00am

EU floats new banana tariff

The European Commission has lowered its proposed banana import duty to 199 euros ($242.80) a tonne from 2006 after a world trade panel labelled its earlier figure as discriminatory, a senior EU source said on Thursday.

Published 02 Sep, 2005 12:00am

Wapda to set up two thermal power plants

Two Thermal Power plants of 900 MW (450 MW each) at an estimated cost of Rs 35 billion would be constructed by the Water and Power Development Authority (Wapda) to meet the future demand of power in the country.

Published 02 Sep, 2005 12:00am

EasyJet appoints former RAC boss as new chief executive officer

British low-cost airline easyJet selected Andrew Harrison, the former boss of UK motor services firm RAC, as its new chief executive on Thursday. Harrison, 48, will replace the airline's long-serving boss Ray Webster, who is retiring in December.

Published 02 Sep, 2005 12:00am

Palestinians 'worried'

The Palestinian Authority on Thursday said it was 'worried' about Pakistan's first high-level diplomatic contact with Israel as the Jewish state continues to occupy east Jerusalem and the West Bank.

Published 02 Sep, 2005 12:00am

Samsung and Discovery start global HDTV alliance

Samsung Electronics from South Korea and US-based cable TV company Discovery Communications said on Thursday they had started a global partnership to market high definition television (HDTV).

Published 02 Sep, 2005 12:00am

Palestinians 'worried'

The Palestinian Authority on Thursday said it was 'worried' about Pakistan's first high-level diplomatic contact with Israel as the Jewish state continues to occupy east Jerusalem and the West Bank.

Published 02 Sep, 2005 12:00am

Semiconductor sales down

World-wide semiconductor sales in July fell 0.03 percent from a year earlier to $18.01 billion, as strong competition led to declining prices, the Semiconductor Industry Association said on Thursday. Sales rose 0.3 percent from June 2005, according to the

Published 02 Sep, 2005 12:00am

Shab-e-Mairaj observed

Faithful observed Shab-e-Mairaj with religious fervour and traditional sanctity across the country on Thursday night. People offered special prayers at mosques and homes. Ulema delivered special speeches and shed light on the life of Holy Prophet (PBUH) A

Published 02 Sep, 2005 12:00am

Semiconductor sales down

World-wide semiconductor sales in July fell 0.03 percent from a year earlier to $18.01 billion, as strong competition led to declining prices, the Semiconductor Industry Association said on Thursday. Sales rose 0.3 percent from June 2005, according to the

Published 02 Sep, 2005 12:00am

Pervaiz announces PML support to Riaz

Punjab Chief Minister Chaudhry Pervaiz Elahi has announced the PML support to Riaz Asghar Chaudhry for District Nazim Mandi Bahauddin. He made this announcement during a meeting with members of assembly belonging to Mandi Bahauddin, disclosed a PML's spok

Published 02 Sep, 2005 12:00am

EU cuts aid to Athens airport over irregularities

The European Commission on Thursday stripped the new Athens International Airport (AIA) of 12.8 million euros ($15.85 million) in aid after it violated some of the bloc's rules.

Published 02 Sep, 2005 12:00am

Zawahiri claims London attacks

Al-Jazeera on Thursday aired snippets of a video tape attributed to al Qaeda, in which it said the network's number two Ayman al-Zawahiri claims responsibility for the July 7 London bombings.

Published 02 Sep, 2005 12:00am

Europe gets Sony's PlayStation Portable

Hardcore European gamers finally got their hands on the coveted Sony Corp PlayStation Portable (PSP) in the early hours on Thursday, even as Sony moves to change the sleek gaming device's software to stop hackers from adding unauthorised features.

Published 02 Sep, 2005 12:00am

CCoP rejects Hassan Associates offer for KESC

The Cabinet Committee on Privatisation (CCoP) on Thursday rejected Hassan Associates (Pvt) Limited''s offer for the Karachi Electric Supply Corporation (KESC) and decided to again put it on the privatisation list to find a suitable buyer, it was reliably

Published 02 Sep, 2005 12:00am

Corrigendum

The letter 'D' which indicates defaulting companies has more than once inadvertently appeared against the name of ZEPHYR TEXTILE LIMITED under section Textile Weaving of Quotations of Stock Exchanges. Zephyr Textile is not a defaulting company. The mistak

Published 02 Sep, 2005 12:00am

CCoP rejects Hassan Associates offer for KESC

The Cabinet Committee on Privatisation (CCoP) on Thursday rejected Hassan Associates (Pvt) Limited's offer for the Karachi Electric Supply Corporation (KESC) and decided to again put it on the privatisation list to find a suitable buyer, it was reliably l

Published 02 Sep, 2005 12:00am

New Zealand shares end higher

New Zealand share prices closed 0.44 percent higher on Thursday following gains in market leader Telecom, dealers said. The benchmark NZSX-50 index closed up 14.66 points at 3,367.78 on turnover worth 123 million dollars (84.9 million US). Among the 153 s

Published 02 Sep, 2005 12:00am

CCoP rejects Hassan Associates offer for KESC

The Cabinet Committee on Privatisation (CCoP) on Thursday rejected Hassan Associates (Pvt) Limited's offer for the Karachi Electric Supply Corporation (KESC) and decided to again put it on the privatisation list to find a suitable buyer, it was reliably l

Published 02 Sep, 2005 12:00am

Iran puts rarely-seen Western art on display

Iran has put on display for the first time what art experts say is the most important collection of modern Western art outside Europe and the United States.

Published 02 Sep, 2005 12:00am

First-ever Pak-Israeli overt talks

Pakistan and Israel held their first-ever high-level talks here on Thursday in a bid to normalise ties, but President Pervez Musharraf, faced with protests at home, insisted his country was not yet ready to recognise the Jewish state.

Published 02 Sep, 2005 12:00am

Typhoon hits China after killing two in Taiwan

Typhoon Talim swept into southern China on Thursday after killing two people in Taiwan and injuring 39 as the island shut businesses, schools and financial markets to ride out the storm. Talim cut power lines, toppled billboards and tore up trees, while h

Published 02 Sep, 2005 12:00am

First-ever Pak-Israeli overt talks

Pakistan and Israel held their first-ever high-level talks here on Thursday in a bid to normalise ties, but President Pervez Musharraf, faced with protests at home, insisted his country was not yet ready to recognise the Jewish state.

Published 02 Sep, 2005 12:00am

Koizumi upbeat as polls show big lead ahead of vote

Japanese Prime Minister Junichiro Koizumi said on Thursday he was getting good vibes from voters ahead of this month's election but wasn't sure how many seats his coalition could win, despite a hefty lead in opinion polls.

Published 02 Sep, 2005 12:00am

Kasuri denies meeting implies Israel's recognition

The visit of a Pakistani official delegation to Palestine and also the future course of relations between Islamabad and Tel Aviv were discussed between the foreign ministers of both the countries during a meeting in Istanbul on Thursday.

Published 02 Sep, 2005 12:00am

Italian Prime Minister denies plans afoot to jettison allies

Italian Prime Minister Silvio Berlusconi's office denied reports on Thursday that he was plotting to ditch his troublesome centrist coalition allies, who have spent much of the summer recess sniping at his leadership qualities.

Published 02 Sep, 2005 12:00am

Islamabad and Delhi agree on pre-notification of missile tests

Foreign Secretary Riaz Muhammad Khan has said that Pakistan and India have reached an understanding on pre-notification of test firing of missiles by their countries. Answering a question at his news conference on Thursday, Khan said an agreement on the u

Published 02 Sep, 2005 12:00am

Albanian socialist Prime Minister resigns

Former right-wing Albanian president Sali Berisha, whose party has largely won July legislative elections in this former communist country, could return to power after the resignation Thursday of his main rival, Socialist prime minister Fatos Nano.

Published 02 Sep, 2005 12:00am

Islamabad and Delhi agree on pre-notification of missile tests

Foreign Secretary Riaz Muhammad Khan has said that Pakistan and India have reached an understanding on pre-notification of test firing of missiles by their countries. Answering a question at his news conference on Thursday, Khan said an agreement on the u

Published 02 Sep, 2005 12:00am

Zimbabwe raises IMF funds, others sceptical

Zimbabwe has raised $120 million in a last-minute bid to avoid expulsion from the IMF, leaving analysts wondering on Thursday where President Robert Mugabe's cash-strapped government had secured the funds.

Published 02 Sep, 2005 12:00am

SBP takes note of ambiguous advertisements by banks

The State Bank of Pakistan (SBP) on Thursday directed all banks to ensure that advertisements in print and electronic media soliciting deposits from the general public explicitly indicates the annualised rate of expected return, and nothing is left open t

Published 02 Sep, 2005 12:00am

No replay of veil dispute as French schools reopen

France's state schools reopen on Friday with no sign of the uproar over a Muslim headscarf ban that threatened to turn last year's back-to-school day into an open confrontation between the state and Islamist activists.

Published 02 Sep, 2005 12:00am

SBP takes note of ambiguous advertisements by banks

The State Bank of Pakistan (SBP) on Thursday directed all banks to ensure that advertisements in print and electronic media soliciting deposits from the general public explicitly indicates the annualised rate of expected return, and nothing is left open t

Published 02 Sep, 2005 12:00am

Pentagon still investigating prison abuses

The Pentagon's chief internal watchdog said on Thursday his agency continues to investigate the abuse of Iraqi prisoners at Abu Ghraib prison in Baghdad, although he declined to give details.

Published 02 Sep, 2005 12:00am

SBP takes note of ambiguous advertisements by banks

The State Bank of Pakistan (SBP) on Thursday directed all banks to ensure that advertisements in print and electronic media soliciting deposits from the general public explicitly indicates the annualised rate of expected return, and nothing is left open t

Published 02 Sep, 2005 12:00am

Four charged for killing Rafik al-Hariri

A Lebanese prosecutor charged on Thursday four pro-Syrian generals with murder in the killing of former Prime Minister Rafik al-Hariri, judicial sources said. They said judge Saeed Meerza charged the four men, detained on the orders of chief UN investigat

Published 02 Sep, 2005 12:00am

UN Hariri probe reports progress, needs more time

A UN team has made major progress in its inquiry into the killing of a former Lebanese prime minister, but will need an extension of its three-month mandate, its chief said on Thursday. Chief United Nations investigator Detlev Mehlis said he had recommend

Published 02 Sep, 2005 12:00am

Western anti-terror units accused of Somalia abuse

Foreign security services chasing terrorist cells in lawless Somalia are abusing human rights with kidnappings, harassment and threats to suspects, some of whom may be innocent, a UN envoy said on Thursday. "This has to be highlighted. I cannot just sit b

Published 02 Sep, 2005 12:00am

British man, interpreter kidnapped in Afghanistan

A British engineer and his Afghan interpreter were kidnapped when gunmen attacked a convoy in western Afghanistan and killed three police escorts, the Interior Ministry said on Thursday.

Published 02 Sep, 2005 12:00am

Retief Goosen off to a flier in Volkswagen golf

World number five Retief Goosen blazed a first-round 64 to stamp his authority on the Volkswagen Masters-China golf tournament here on Thursday. Two eagles and five birdies against one bogey put the South African on top of the leaderboard at eight under p

Published 02 Sep, 2005 12:00am

Paolo Maldini

AC Milan captain Paolo Maldini said on Thursday he has not ruled out retiring before his contract runs out in 2007. The 37-year-old, who has spent 20 years with Milan and is Italy's most-capped player, admitted the thought entered his head a year ago and

Published 02 Sep, 2005 12:00am

Mighty Sania Mirza ready to move on

Indian starlet Sania Mirza said on Wednesday it was time to turn over a new page in her young career and get down to the business of winning matches. The 18-year-old from Hyderabad has rocketed to fame in her homeland and made a name for herself on the WT

Published 02 Sep, 2005 12:00am

Benaud can't believe Australia still in Ashes

Richie Benaud is "astonished" Australia still have a chance of retaining the Ashes after being ouplayed by England in the last three Tests of an enthralling series.

Published 02 Sep, 2005 12:00am

Real sign 27 million euro defender

Real Madrid said on Thursday they had bought highly-rated Spain defender Sergio Ramos out of his contract with Sevilla for 27 millions d'euros. Ramos, 19, who is to join on an eight-year contract, is the first Spaniard to arrive since president Florentino

Published 02 Sep, 2005 12:00am

Lee plays down sub fielders row

Australia fast bowler Brett Lee has made light of the ongoing row over England's use of substititute fieldsmen by insisting the Ashes have been played in the "best possible spirit".

Published 02 Sep, 2005 12:00am

Bell wants McGrath fit for Ashes decider

England batsman Ian Bell hopes Glenn McGrath will be fit for next week's deciding Test against Australia at The Oval even though his return could help boost the tourists' chances of retaining the Ashes.

Published 02 Sep, 2005 12:00am

Vaughan has no problem with substitute policy

England captain Michael Vaughan has insisted there was nothing untoward about his team's use of substitute fielders and instead said all eyes should be on next week's climatic Ashes Test.

Published 02 Sep, 2005 12:00am

Australia have it all to do: Allan Border

Allan Border has said there is "no sign of England wilting and no proof that Australia can lift their game" ahead of next week's fifth and final Ashes Test at The Oval.

Published 02 Sep, 2005 12:00am

Second seed Nadal subdues tenacious Jenkins

French Open champion Rafael Nadal reached the third round of the US Open tennis championships on here Wednesday with a tough 6-4, 7-5, 6-4 victory over tenacious US teenager Scoville Jenkins.

Published 02 Sep, 2005 12:00am

Novartis offers $4.5 billion for rest of Chiron

Novartis AG on Thursday offered $4.5 billion for the shares of US drugmaker Chiron Corp it does not already own, in a bid to take the Swiss group firmly into the vaccines business.

Published 02 Sep, 2005 12:00am

Novartis offers $4.5 billion for rest of Chiron

Novartis AG on Thursday offered $4.5 billion for the shares of US drugmaker Chiron Corp it does not already own, in a bid to take the Swiss group firmly into the vaccines business.

Published 02 Sep, 2005 12:00am

Eurozone jobless rate falls

A fall in the number of German jobless drove the eurozone's unemployment rate down to 8.6 percent in July, the lowest in almost 2-1/2 years, the European Union statistics office said on Thursday.

Published 02 Sep, 2005 12:00am

ECB ups inflation rhetoric, cuts growth outlook

European Central Bank President Jean-Claude Trichet stepped up his anti-inflation rhetoric on Thursday after the ECB held eurozone interest rates steady at 2 percent in the face of rising oil prices.

Published 02 Sep, 2005 12:00am

US factories slow last month

Factories in the United States grew more slowly in August, despite a spending boom in July that depleted Americans' savings for only the second time on record.

Published 02 Sep, 2005 12:00am

Azerbaijan and Kazakhstan to build grain terminal in 2006

Kazakhstan and Azerbaijan plan to start building a new grain terminal in Azerbaijan with a capacity to handle 300,000 tonnes of cereals per year, the Kazakh ambassador to Azerbaijan told reporters on Thursday.

Published 02 Sep, 2005 12:00am

Mandelson hopes China clothing row to end soon

European Trade Commissioner Peter Mandelson said on Thursday he was still hoping that tens of millions of Chinese clothing imports stuck at the European Union's borders can be released by the middle of September.

Published 02 Sep, 2005 12:00am

Philippine court approves sales tax

The Philippine Supreme Court ruled on Thursday that a broader sales tax was legal, ending two months of uncertainty over the centrepiece of President Gloria Macapagal Arroyo's plans to cut the country's reliance on debt.

Published 02 Sep, 2005 12:00am

France unveils tax cuts, reforms in bid for growth

Prime Minister Dominique de Villepin on Thursday promised a major overhaul of France's tax system and a resumption of income tax cuts to try to revive the economy and win back public confidence.

Published 02 Sep, 2005 12:00am

SAIC files with SEC for $1.73 billion IPO

SAIC Inc, which provides scientific, engineering, systems integration and technical services to the US military and government agencies, filed with regulators on Thursday to raise up to $1.73 billion in an initial public offering of common stock.

Published 02 Sep, 2005 12:00am

SAIC files with SEC for $1.73 billion IPO

SAIC Inc, which provides scientific, engineering, systems integration and technical services to the US military and government agencies, filed with regulators on Thursday to raise up to $1.73 billion in an initial public offering of common stock.

Published 02 Sep, 2005 12:00am

US slaps extra curbs on Chinese imports

The United States slapped extra curbs on Chinese imports on Thursday, hours after talks on a formula to deal with China's surging textile shipments ended in failure.

Published 02 Sep, 2005 12:00am

Infosys gets ABN Amro deal worth $140 million

India's second-largest software services exporter, Infosys Technologies Ltd, said on Thursday it had got an IT outsourcing order worth $140 million over five years from Dutch bank ABN Amro.

Published 02 Sep, 2005 12:00am

South Korean exports jump in August

South Korean exports rose at their fastest pace in nine months in August, welcome news for an economy where domestic demand is still struggling to recover from a protracted slump.

Published 02 Sep, 2005 12:00am

Abu Dhabi Group to invest $1.0 billion in Bangladesh

The United Arab Emirates-based Abu Dhabi Group signed a memorandum on Thursday aimed at investing $1 billion in Bangladesh in the telecoms, infrastructure, tourism and pharmaceutical sectors, officials said.

Published 02 Sep, 2005 12:00am

Kenyan coffee output jumps

Kenya's coffee output rose to 34,874 tonnes in the first half of 2005 from 33,413 in the same period in 2004, the Central Bank of Kenya (CBK) said on Thursday. "Coffee output rose by 4.4 percent in the first half of 2005 to 34,874 tonnes," the bank said i

Published 02 Sep, 2005 12:00am

Singapore bunker fuel prices up

Singapore bunker prices rose on Thursday, in line with record-high cargo values as the differential to fuel oil improved slightly. Prices for 380-centistoke (cst) bunker fuel were pegged at $309-$311 a tonne, up $9 from the previous trading day and bunker

Published 02 Sep, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 58,494 tonnes of cargo including 43,180 tonnes import and 15,314 tonnes export cargo including 3,858 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.

Published 02 Sep, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 25	154.29
USD to Swiss Franc / Nov 25	0.89
Pound Sterling to USD / Nov 25	1.26
Euro to USD / Nov 25	1.05

Stock	Volume
S&P 500 / Nov 22	5,969.34
Nasdaq / Nov 22	18,003.65
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59
France CAC40 / Nov 22	7,255.01
India Sensex / Nov 25	80,331.40
Tokyo Nikkei / Nov 25	38,933.62

Item	Value
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 25	248.38
Crude Oil USD/Barrel / Nov 25	70.68
Karachi Cotton PKR/37.32 KG / Nov 25	17,685
Gold Spot USD/Ounce / Nov 25	2,664.27
Diesel/Litre / Nov 25	255.14

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 25 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 25 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 25 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 25 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 25 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 25 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 25 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 25 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 25 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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