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Print - 2005-10-27
Singapore shares climb

Singapore shares climb

Singapore share prices closed slightly firmer on Wednesday, adding 0.10 percent on gains in selected stocks, dealers said. The Straits Times Index rose 2.33 points to 2,228.79.
Published 27 Oct, 2005 12:00am
Vietnam rice up as exporters scramble for supplies

Vietnam rice up as exporters scramble for supplies

Rice prices in Vietnam, the world's second-largest exporter after Thailand, firmed further this week as exporters scrambled to secure supplies for loading amid thinning stocks, traders said on Wednesday.
Published 27 Oct, 2005 12:00am
Taiwan shares down, led by high-flying tech shares

Taiwan shares down, led by high-flying tech shares

Taiwan stocks ended 0.36 percent lower on Wednesday, with smartphone maker High Tech Computer Corp leading a slide in high-price technology shares on weak investor confidence.
Published 27 Oct, 2005 12:00am
Malaysian shares slightly changed

Malaysian shares slightly changed

Malaysian share prices closed flat in rangebound trade on Wednesday, continuing to mark time in the absence of a fresh lead, dealers said.
Published 27 Oct, 2005 12:00am
Hong Kong shares jump

Hong Kong shares jump

Hong Kong stocks ended slightly higher on Wednesday amid investor caution ahead of China Construction Bank's highly-anticipated market debut on Thursday and as bird flu fears hit some retail and China plays.
Published 27 Oct, 2005 12:00am
US stocks dip on consumer data, outlooks and oil

US stocks dip on consumer data, outlooks and oil

US stocks edged lower on Tuesday as a report showed consumer confidence fell unexpectedly in October, while warnings about future financial results from companies, including Texas Instruments Inc, and a jump in oil prices hurt investor sentiment.
Published 27 Oct, 2005 12:00am
Jakarta shares close flat

Jakarta shares close flat

Indonesian share prices closed flat on Wednesday with banking stocks extending losses on concerns that further rate hikes will hit earnings while gains in nickel miner Inco provided support, dealers said.
Published 27 Oct, 2005 12:00am
US Treasury debt prices tumble

US Treasury debt prices tumble

US Treasury debt prices fell sharply on Tuesday as worries about looming interest rate hikes added to technical pressures, pushing benchmark yields to six-month highs.
Published 27 Oct, 2005 12:00am
US Treasury debt prices tumble

US Treasury debt prices tumble

US Treasury debt prices fell sharply on Tuesday as worries about looming interest rate hikes added to technical pressures, pushing benchmark yields to six-month highs.
Published 27 Oct, 2005 12:00am
Thai shares end 1.21 percent higher

Thai shares end 1.21 percent higher

Thai share prices closed 1.21 percent higher on Wednesday as foreign investors purchased big-cap shares including energy as world oil prices eased, dealers said.
Published 27 Oct, 2005 12:00am
Philippines shares rise

Philippines shares rise

Philippines share prices closed 0.37 percent higher on Wednesday thanks to last-minute bargain hunting in selected stocks, dealers said.
Published 27 Oct, 2005 12:00am
Dravid wary despite a dream fortnight

Dravid wary despite a dream fortnight

Rahul Dravid has just endured the most unforgettable two weeks of his life but the Indian captain is not getting carried away.
Published 27 Oct, 2005 12:00am
Nikkei gains as earnings outlook draws buyers

Nikkei gains as earnings outlook draws buyers

Japan's Nikkei share average rose 0.86 percent on Wednesday as investors bought Tokyo Electron Ltd and other companies with bright profit outlooks with the earnings reporting season shifting into full gear.
Published 27 Oct, 2005 12:00am
Chinese shares dip

Chinese shares dip

China's benchmark share index dipped below a crucial support level on Wednesday, depressed by heavy losses in companies that had joined an unpopular programme to float non-traded state shares, including Minsheng Banking Corp.
Published 27 Oct, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 65.75 (previous 65.75). Call Money Rates: 5.00-12.00 percent (previous 5.00-12.00 percent).
Published 27 Oct, 2005 12:00am
Chinese yuan strengthens

Chinese yuan strengthens

China's yuan finished on Wednesday a few ticks shy of its strongest close to the dollar since the July revaluation, as state media cited a central bank official as saying the currency would appreciate in the long run.
Published 27 Oct, 2005 12:00am
Swiss franc holds gains after data hit dollar

Swiss franc holds gains after data hit dollar

The Swiss franc extended its recent gains against the dollar early on Wednesday after a weak United States consumer sentiment report sapped support for the US dollar in the previous session.
Published 27 Oct, 2005 12:00am
Dollar struggles after fall in US consumer sentiment

Dollar struggles after fall in US consumer sentiment

The dollar struggled on Wednesday as a drop in US consumer confidence sharply contrasted with a strong German business survey and injected worries into the market that the dollar's interest rate advantage could narrow.
Published 27 Oct, 2005 12:00am
Dollar slumps on soft US consumer confidence data

Dollar slumps on soft US consumer confidence data

The dollar posted steep losses on Tuesday after weaker-than-expected US consumer confidence data stoked concerns hurricanes and soaring oil prices could slow the economy's momentum and the pace of interest rate rises.
Published 27 Oct, 2005 12:00am
PCB announces election results

PCB announces election results

Pakistan Cricket Board (PCB) has announced election results of district cricket associations Sukkur, Khairpur, Jaccobabad, Nasirabad, Noushki, Killa Abdullah, Kalat, Lorali and Pashin.
Published 27 Oct, 2005 12:00am
Damage to Hazara University will be assessed

Damage to Hazara University will be assessed

The NWFP Governor Khalil-ur-Rehman has ordered detail assessment of damages the recent earthquake caused to the infrastructure of Hazara University, and experts must visit the institution and put on conclusion within shortest time.
Published 27 Oct, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 27 Oct, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Oct, 2005 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 27 Oct, 2005 12:00am
PAEC administering 13 cancer hospitals

PAEC administering 13 cancer hospitals

The bio-sciences division of the Pakistan Atomic Energy Commission (PAEC) is administering 13 cancer hospitals run by the Pakistan Atomic Energy Commission.
Published 27 Oct, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Oct, 2005 12:00am
MMA leader calls for convening joint session of parliament

MMA leader calls for convening joint session of parliament

The central leader of Muttahida Majlis-i-Amal (MMA) Syed Munawar Hassan has stressed the need of immediate move for joint session of the parliament saying "Joint session of the Parliament should be summoned with out any further delay during which a Commit
Published 27 Oct, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (October 26, 2005).

Published 27 Oct, 2005 12:00am
OGDC board to decide handing over of Zin Block 29 to foreign firm

OGDC board to decide handing over of Zin Block 29 to foreign firm

The technical committee has approved the Oil and Gas Development Company Limited (OGDC) proposal to hand over operatorship of Zin Block 29 in Balochistan to a foreign company, and the matter will be presented in the Board meeting of OGDC here on Thursday
Published 27 Oct, 2005 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Wednesday (October 26, 2005).

Published 27 Oct, 2005 12:00am
Punjab chief minister launches 'Support-a-Family' plan

Punjab chief minister launches 'Support-a-Family' plan

To alleviate the sufferings of earthquake victims, Punjab Chief Minister Pervaiz Elahi on Wednesday announced to kick off the 'Support-a-Family Relief' programme to rehabilitate 100,000 quake affected families.
Published 27 Oct, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (October 26, 2005).

Published 27 Oct, 2005 12:00am
PFUJ and APNEC reject APNS decision on Eid holiday

PFUJ and APNEC reject APNS decision on Eid holiday

Pakistan Federal Union of Journalists (PFUJ) and All Pakistan Newspapers Employees Confederation (APNEC) on Wednesday rejected decision of All Pakistan Newspapers Society (APNS) of one-day holiday on Eid, termed "cruel and most unfortunate" and demanded A
Published 27 Oct, 2005 12:00am
PPPP rejects ERRA in its present form

PPPP rejects ERRA in its present form

Pakistan Peoples Party Parliamentarians on Wednesday rejected the Earthquake Reconstruction and Rehabilitation Authority (ERRA) in its present form and insisted for a civilian body, monitored by a parliamentary committee.
Published 27 Oct, 2005 12:00am
Quake bill to top $5 billion, says Musharraf

Quake bill to top $5 billion, says Musharraf

The financial cost of the South Asian earthquake will be more than $5 billion and the death toll is likely to exceed 50,000, President Pervez Musharraf said in an interview published on Wednesday.
Published 27 Oct, 2005 12:00am
Pakistan and Iran to carry forward gas line project

Pakistan and Iran to carry forward gas line project

Prime Minister Shaukat Aziz and Iranian First Vice President Pervaiz Daudi on Wednesday discussed the proposed Iran-Pakistan-India gas pipeline project and vowed to carry it forward for the benefit of the participating countries.
Published 27 Oct, 2005 12:00am
Kashmiris to observe Black Day today

Kashmiris to observe Black Day today

Kashmiris on both sides of the Line of Control (LoC) and all over the world will observe Black Day on Thursday. The Day will be marked by complete strike and large-scale protest demonstrations in occupied Kashmir.
Published 27 Oct, 2005 12:00am
Islamabad and Moscow for more trade and investment ties

Islamabad and Moscow for more trade and investment ties

Shaukat Aziz and Russian Premier Mikhail Fradkov, in wide-ranging talks here, noted growing ties between Pakistan and Russia and agreed on enhancing co-operation in the areas of trade and investment to promote economic relations.
Published 27 Oct, 2005 12:00am
'Takaful holds bright prospects in Pakistan'

'Takaful holds bright prospects in Pakistan'

Takaful, an Islamic mode of insurance holds bright prospects in Pakistan as demand for insurance is increasing with the rise in per capita income.
Published 27 Oct, 2005 12:00am
Youm-e-Ali observed with religious fervour

Youm-e-Ali observed with religious fervour

Youm-e-Ali, the day of martyrdom of Hazrat Ali (RA), was observed here on Wednesday like other parts of the country with religious fervour. A large number of mourners took out processions, Tazia, Alam and Zuljinah from different localities and later forme
Published 27 Oct, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 26, 2005).

Published 27 Oct, 2005 12:00am
Engineers resolve to take part in reconstruction

Engineers resolve to take part in reconstruction

Engineers gathered at the platform of "Engineers Study Forum" holding a conference on Safe & Speedy Reconstruction of quake hit areas on Wednesday here showed resolve to participate in the reconstruction of earthquake areas in collaboration with the Recon
Published 27 Oct, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 26, 2005).

Published 27 Oct, 2005 12:00am
BoP earns Rs 2662 million pre-tax profit

BoP earns Rs 2662 million pre-tax profit

Bank of Punjab (BoP) Board of Directors has approved the bank's quarterly accounts of the Bank for the period ended September 30, in which the Bank maintained its pace of excellent performance and earned a pre-tax profit of Rs 2662 million as against Rs 1
Published 27 Oct, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 26, 2005).

Published 27 Oct, 2005 12:00am
BoP earns Rs 2662 million pre-tax profit

BoP earns Rs 2662 million pre-tax profit

Bank of Punjab (BoP) Board of Directors has approved the bank's quarterly accounts of the Bank for the period ended September 30, in which the Bank maintained its pace of excellent performance and earned a pre-tax profit of Rs 2662 million as against Rs 1
Published 27 Oct, 2005 12:00am
Lucky draw

Lucky draw

Salt n' Pepper Restaurants recently had a very successful "Heart of Gold" Ramazan Lucky Draw Scheme at all its restaurant. According to a press release issued here on Wednesday, pendants of pure gold were given to some of their lucky customers.
Published 27 Oct, 2005 12:00am
Punjab University to offer diploma in TV communication, production

Punjab University to offer diploma in TV communication, production

Punjab University's Department of Mass Communication (DMC) would launch one year Post Graduate Diploma (PGD) programme in Television Communication and Production from December this year. The decision was taken in a meeting of the Board of Studies at the D
Published 27 Oct, 2005 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (October 26, 2005).

Published 27 Oct, 2005 12:00am
Musharraf for expediting relief efforts

Musharraf for expediting relief efforts

President General Pervez Musharraf on Wednesday underlined the need for expediting all relief efforts to provide shelter, succour and medical treatment to the earthquake victims in the face of impending winter in the calamity-hit areas of NWFP and Azad Ja
Published 27 Oct, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 27, 2005.

Published 27 Oct, 2005 12:00am
Government striving to normalise situation: Rashid

Government striving to normalise situation: Rashid

The Minister for Information and Broadcasting Sheikh Rashid Ahmed has said that government was striving hard to normalise the situation in the country in the aftermath of earthquake disaster.
Published 27 Oct, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 27, 2005.

Published 27 Oct, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 27, 2005.

Published 27 Oct, 2005 12:00am
'MoWD committed to rehabilitating children, women'

'MoWD committed to rehabilitating children, women'

Advisor to Prime Minister Nilofar Bakhtiar has said her ministry is committed to rehabilitating children and women rendered destitute following the October 6 earthquake to end their sense of isolation and deprivation.
Published 27 Oct, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (October 26, 2005) and Thursday (October 27, 2005).
Published 27 Oct, 2005 12:00am
Number of education boards to be reduced, National Assembly body told

Number of education boards to be reduced, National Assembly body told

The government on Wednesday informed the National Assembly Standing Committee on Education that it would reduce the number of education boards to herald a uniformed system. The committee was further informed that a madrassah was established on illegally o
Published 27 Oct, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 26, 2005).

Published 27 Oct, 2005 12:00am
Punjab sends more relief to quake-hit areas

Punjab sends more relief to quake-hit areas

The Punjab government is continuously dispatching truckloads of relief goods, including food items and medicines to various quake-hit areas. As many as 128 more trucks were sent to the affected areas of Azad Kashmir and NWFP, said Director General Relief
Published 27 Oct, 2005 12:00am
LSE holidays

LSE holidays

The Lahore Stock Exchange (LSE) will remain closed on Friday (October 28) and Tuesday (November 01) on account of Juma-tul-Widaa and Shab-e-Qadr (27th Ramazan-ul-Mubarak), respectively.
Published 27 Oct, 2005 12:00am
Quake damps enthusiasm of builders, buyers

Quake damps enthusiasm of builders, buyers

The devastating October-8 earthquakes in northern Pakistan have damped the enthusiasm of the builders and the buyers considerably, as envisaged by a reliable source from the Association of Builders and Developers (Abad) on Tuesday.
Published 27 Oct, 2005 12:00am
Plan to fire 4000 PSM workers condemned

Plan to fire 4000 PSM workers condemned

The Joint Action Committee of Pakistan Steel Employees has deplored the designs of the Pakistan Steel Mills management that intends to lay off 4000 employees before its privatisation.
Published 27 Oct, 2005 12:00am
Igatex signalling world for April show

Igatex signalling world for April show

The largest exhibition of textile and garment machinery and accessories manufacturing industry in the region, Igatex Pakistan, is now sending strong signals world-wide for its next show scheduled in April 2006.
Published 27 Oct, 2005 12:00am
Key stock market movements at 1700 GMT on October 26

Key stock market movements at 1700 GMT on October 26

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 27 Oct, 2005 12:00am
Youm-e-Ali observed with religious solemnity

Youm-e-Ali observed with religious solemnity

Youm-e-Ali was commemorated on Wednesday in the city with religious solemnity and fervour with a commitment to follow the footsteps of Hazrat Ali (RA) and to work for the solidarity of the Muslim Ummah.
Published 27 Oct, 2005 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 27 Oct, 2005 12:00am
Food department faces liquidity problem in wheat dealing

Food department faces liquidity problem in wheat dealing

The government policy of duty-free import of wheat and fixing of government wheat issue price just above the open market rate might create huge liquidity problems for the Provincial Food Department having a stock of over 0.5 million tons wheat, amounting
Published 27 Oct, 2005 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 27 Oct, 2005 12:00am
Saquib Fayyaz Magoon elected

Saquib Fayyaz Magoon elected

Saquib Fayyaz Magoon has been elected unopposed as Chairman of Indentors Association of Pakistan for the year 2005-2006. Saquib Fayyaz Magoon is also the Chairman of FPCCI Standing Committee on Dyes, Chemicals and Allied Products.
Published 27 Oct, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (October 26, 2005) and the forecast for Thursday (October 27, 2005).
Published 27 Oct, 2005 12:00am
Adamjee Insurance unaudited accounts approved

Adamjee Insurance unaudited accounts approved

The meeting of Adamjee Insurance Co Ltd Board of Directors held on Monday, in which the Board approved the unaudited financial statements for the 9 months ended September 30, 2005, said a press release issued on Wednesday.
Published 27 Oct, 2005 12:00am
Adamjee Insurance unaudited accounts approved

Adamjee Insurance unaudited accounts approved

The meeting of Adamjee Insurance Co Ltd Board of Directors held on Monday, in which the Board approved the unaudited financial statements for the 9 months ended September 30, 2005, said a press release issued on Wednesday.
Published 27 Oct, 2005 12:00am
Unilever Pakistan approves unaudited results

Unilever Pakistan approves unaudited results

The Board of Directors of Unilever Pakistan Limited has approved the unaudited financial results for the 3rd quarter of 2005. The year 2005 does not include Dalda Edible Oils Business, which was divested in 2004.
Published 27 Oct, 2005 12:00am
Unilever Pakistan approves unaudited results

Unilever Pakistan approves unaudited results

The Board of Directors of Unilever Pakistan Limited has approved the unaudited financial results for the 3rd quarter of 2005. The year 2005 does not include Dalda Edible Oils Business, which was divested in 2004.
Published 27 Oct, 2005 12:00am
PEC registration must for dump trucks import

PEC registration must for dump trucks import

The Central Board of Revenue (CBR) has made registration with Pakistan Engineering Council (PEC) mandatory for construction companies for import of dump trucks.
Published 27 Oct, 2005 12:00am
PEC registration must for dump trucks import

PEC registration must for dump trucks import

The Central Board of Revenue (CBR) has made registration with Pakistan Engineering Council (PEC) mandatory for construction companies for import of dump trucks.
Published 27 Oct, 2005 12:00am