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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-01-05
Thai share prices close 2.42 percent higher

Thai share prices close 2.42 percent higher

Thai share prices jumped 2.42 percent on Wednesday as buyers returned to the market after the New Year holiday with a second day of sharp gains, especially in the banks, dealers said.
Published 05 Jan, 2006 12:00am
Chinese shares soar

Chinese shares soar

China's shares climbed 1.71 percent on Wednesday, led by banking counters such as Merchants Bank Co Ltd after the top Shanghai-listed lender won approval to proceed with a sale of its state-owned stock.
Published 05 Jan, 2006 12:00am
Hong Kong shares jump

Hong Kong shares jump

Hong Kong stocks had their biggest one-day gain in three months, led by property and banking stocks, on signs that the US Federal Reserve is nearly done raising interest rates.
Published 05 Jan, 2006 12:00am
US stocks rally, buoyed by Fed, energy shares

US stocks rally, buoyed by Fed, energy shares

US stocks rallied on the first trading day of 2006 on Tuesday, boosted by signs the Federal Reserve is nearly done raising interest rates and by energy shares' strong gains as oil prices jumped.
Published 05 Jan, 2006 12:00am
US Treasury prices finish firmer

US Treasury prices finish firmer

US Treasury debt prices climbed on Tuesday after minutes from the Federal Reserve's December policy meeting suggested the central bank was nearly finished raising interest rates.
Published 05 Jan, 2006 12:00am
US Treasury prices finish firmer

US Treasury prices finish firmer

US Treasury debt prices climbed on Tuesday after minutes from the Federal Reserve's December policy meeting suggested the central bank was nearly finished raising interest rates.
Published 05 Jan, 2006 12:00am
Malaysian shares surge

Malaysian shares surge

Malaysian share prices closed 0.48 percent higher on a technical rebound on Wednesday, with Wall Street's sharp gains supporting sentiment, dealers said. They said buying was concentrated on index-linked stocks which registered losses Tuesday.
Published 05 Jan, 2006 12:00am
Singapore shares soar

Singapore shares soar

Singapore share prices closed 0.62 percent higher on Wednesday boosted by gains in property and oil and gas plays, dealers said. They said increasing investor optimism towards the economy and Wall Street's strong showing overnight gave sentiment a boost.
Published 05 Jan, 2006 12:00am
Philippines shares up on positive economic outlook

Philippines shares up on positive economic outlook

Philippines share prices closed 1.34 percent higher on Wednesday, supported by growing optimism on the economic outlook and the possibility Japanese telecoms giant NTT DoCoMo will invest 300 million dollars in Philippines Long Distance Telephone, the domi
Published 05 Jan, 2006 12:00am
Nikkei climbs, exporters gain on US rate outlook

Nikkei climbs, exporters gain on US rate outlook

The Nikkei share average started 2006 by booking its highest close in more than five years on Wednesday, advancing 1.55 percent as exporters such as Canon Inc rose after the Federal Reserve signalled it has nearly finished raising interest rates in Japan'
Published 05 Jan, 2006 12:00am
Indian stocks rally

Indian stocks rally

Indian share prices rose 1.14 percent on Wednesday for yet another record finish as foreign funds bought blue chips on hopes the central bank will call a halt sooner rather than later to its interest rate hikes, dealers said.
Published 05 Jan, 2006 12:00am
Jakarta shares make strong gains

Jakarta shares make strong gains

Indonesian share prices closed up 2.28 percent at a record high on Wednesday on hopes that interest rates will fall and with sentiment further boosted by a stronger rupiah, dealers said.
Published 05 Jan, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 66.27-66.31 (previous 66.25-66.30). Call Money Rates: 12.00-20.00 percent (previous 11.90-20.00 percent.
Published 05 Jan, 2006 12:00am
Yuan hits post-reval high amid reforms

Yuan hits post-reval high amid reforms

China's yuan was last traded at 8.0675 versus the dollar on Wednesday, its highest level since the yuan's July revaluation, after Beijing launched over-the-counter yuan trading and a market-making system.
Published 05 Jan, 2006 12:00am
Indian rupee at 12-week closing high

Indian rupee at 12-week closing high

The rupee jumped to a 12-week closing high on Wednesday after expectations that US rate rises may be nearing an end pulled the dollar down against the euro and Asian currencies.
Published 05 Jan, 2006 12:00am
Dollar extends slide after Fed minutes

Dollar extends slide after Fed minutes

The dollar extended broad-based losses on Wednesday, hitting a two-month low against the euro, on growing expectations the Federal Reserve may soon end its 18-month campaign of raising interest rates.
Published 05 Jan, 2006 12:00am
Dollar drops on December Fed minutes

Dollar drops on December Fed minutes

The dollar fell to near session lows on Tuesday after minutes from the Federal Reserve's policy meeting in December hinted that the tightening phase of monetary policy could be coming to an end.
Published 05 Jan, 2006 12:00am
Hong Kong dollar firms, interest rates down

Hong Kong dollar firms, interest rates down

The Hong Kong dollar inched higher on Wednesday, tracking gains among other regional currencies as soft US manufacturing data and signals the Federal Reserve may have finished raising rates undermined the US dollar.
Published 05 Jan, 2006 12:00am
Asian regional currencies rise to multi-month highs

Asian regional currencies rise to multi-month highs

Asia's currency markets enjoyed another day of stellar gains on Wednesday as the minutes from the last Federal Reserve meeting fuelled talk that the US central bank is almost done with lifting interest rates.
Published 05 Jan, 2006 12:00am
Swiss franc up after Fed, Swiss CPI eyed

Swiss franc up after Fed, Swiss CPI eyed

The Swiss franc stood stronger against the dollar on Wednesday after minutes from the Federal Reserve policy meeting for December hinted that the tightening phase of US monetary policy might end.
Published 05 Jan, 2006 12:00am
Hingis ready to intimidate after straight sets win

Hingis ready to intimidate after straight sets win

Former world No 1 Martina Hingis continued her comeback on Wednesday with a straight sets win in the second round of the Australian women's hardcourt event, warning she would use all her powers to reclaim her position.
Published 05 Jan, 2006 12:00am
Ancic dumped out of Australian hardcourt

Ancic dumped out of Australian hardcourt

Croatia's Davis Cup hero Mario Ancic and Spain's Tommy Robredo crashed out of the Australian hardcourt tennis championship in the second round here on Wednesday. Fourth seed Ancic was eliminated by Belgian Xavier Malisse, who overcame the tall Croatian 3-
Published 05 Jan, 2006 12:00am
India call for abolition of Champions Trophy

India call for abolition of Champions Trophy

India will call for the abolition of the Champions Trophy at an International Cricket Council (ICC) meeting in Dubai next week, a leading Indian cricket board official said on Wednesday.
Published 05 Jan, 2006 12:00am
Ponting and Gilchrist give Aussies hope

Ponting and Gilchrist give Aussies hope

Ricky Ponting marked his 100th Test with a majestic hundred and Adam Gilchrist providentially found his form as Australia fought back to concede a first-innings lead of just 92 in the third Test against South Africa on Wednesday.
Published 05 Jan, 2006 12:00am
New Zealand surprisingly axe Astle

New Zealand surprisingly axe Astle

The New Zealand cricket selectors on Wednesday dumped batsman Nathan Astle for the final two one-day internationals against Sri Lanka despite his sudden return to form with a match and series winning 90 not out in Christchurch this week.
Published 05 Jan, 2006 12:00am
Pakistan to host Asia Cup in September 2007

Pakistan to host Asia Cup in September 2007

The six-nation Asia Cup limited-overs tournament will be held in Pakistan in September next year, the Asian Cricket Council (ACC) said on Wednesday.
Published 05 Jan, 2006 12:00am
I am not Chappell's puppet: Dravid

I am not Chappell's puppet: Dravid

India's cricket captain Rahul Dravid warmed up for the upcoming Pakistan tour by rubbishing suggestions that coach Greg Chappell runs the team by remote control.
Published 05 Jan, 2006 12:00am
Sarfraz hopes to bail out banned Shabbir

Sarfraz hopes to bail out banned Shabbir

Former cricket great Sarfraz Nawaz said on Wednesday he would work with banned Pakistan paceman Shabbir Ahmed to remove a flaw in his bowling action that led to the International Cricket Council's sanction.
Published 05 Jan, 2006 12:00am
Haiti blames new election delay on UN, OAS

Haiti blames new election delay on UN, OAS

Haiti's election officials have put the blame for the latest postponement of national election on the Organisation of American States and the United Nations, accusing them of failing to distribute voter cards and set up polling stations.
Published 05 Jan, 2006 12:00am
South Africa youth AIDS programme faces cash crunch

South Africa youth AIDS programme faces cash crunch

South Africa's national youth HIV/AIDS programme faces a funding crunch following a move by the global AIDS funding organisation to stop financing it, which the programme head blamed in part on US interference.
Published 05 Jan, 2006 12:00am
UN urges Egypt not to expel Sudanese

UN urges Egypt not to expel Sudanese

The United Nations' refugee agency said on Wednesday it asked Egypt not to deport 650 Sudanese people who the Egyptians claim are in their country illegally.
Published 05 Jan, 2006 12:00am
Sri Lanka to probe youth deaths over execution report

Sri Lanka to probe youth deaths over execution report

Sri Lanka on Wednesday ordered a probe into the deaths of five youths the military said were killed when a grenade they were carrying exploded, after truce monitors found they had been shot in the head execution-style.
Published 05 Jan, 2006 12:00am
Cheney defends eavesdropping operation

Cheney defends eavesdropping operation

Vice President Dick Cheney strongly defended a secret domestic eavesdropping operation in use since the September 11, 2001, attacks, saying it was not violating American civil liberties and has helped fend off potential terrorist attacks.
Published 05 Jan, 2006 12:00am
Last year deadliest for journalists since 1995

Last year deadliest for journalists since 1995

At least 63 journalists were killed around the world in 2005 - the highest toll in more than a decade - with Iraq again the deadliest country, media watchdog Reporters Without Borders (RSF) said on Wednesday.
Published 05 Jan, 2006 12:00am
Arabiya shows video of kidnapped Iranian soldiers

Arabiya shows video of kidnapped Iranian soldiers

Al Arabiya television aired a video on Wednesday which showed Iranian soldiers being held hostage by militants who are pressing Tehran to free 16 jailed members of the Sunni Muslim group.
Published 05 Jan, 2006 12:00am
More deaths as Thai Muslim unrest enters third year

More deaths as Thai Muslim unrest enters third year

Suspected Muslim militants killed two village officials in Thailand's south, police said on Wednesday, the second anniversary of the start of an insurgency in which more than 1,000 people have been killed.
Published 05 Jan, 2006 12:00am
Indonesia landslide kills 16

Indonesia landslide kills 16

A landslide triggered by heavy rains crashed into a village in Indonesia's Central Java province on Wednesday, killing at least 16 people and possibly trapping scores more under debris, officials said. The disaster followed landslides in neighbouring East
Published 05 Jan, 2006 12:00am
Somalia leaders reach final deal on government move

Somalia leaders reach final deal on government move

Somalia's president and parliamentary speaker have reached a final agreement to move the government to Mogadishu, ending a rift that has almost paralysed the administration, a Yemeni official said on Wednesday.
Published 05 Jan, 2006 12:00am
Saudi Arabia deploys record security network for Haj

Saudi Arabia deploys record security network for Haj

Saudi Arabia said on Wednesday it will deploy its biggest security operation for this year's Haj pilgrimage, when more than two million Muslims congregate for rites that end in tragedy for some every year.
Published 05 Jan, 2006 12:00am
Sharon hit by new corruption claims

Sharon hit by new corruption claims

Israeli Prime Minister Ariel Sharon was at the centre of fresh corruption allegations Wednesday, the first scandal to threaten his new Kadima party's prospects ahead of a March general election.
Published 05 Jan, 2006 12:00am
Chad president wants Darfur put under UN mandate

Chad president wants Darfur put under UN mandate

Chad's President Idriss Deby urged the United Nations on Wednesday to take control of Sudan's volatile Darfur region because he said Khartoum was using the conflict there to destabilise neighbouring states.
Published 05 Jan, 2006 12:00am
Germany and France warn Iran

Germany and France warn Iran

Germany and France warned Iran on Wednesday against a planned resumption of nuclear research activities, saying it could endanger talks designed to produce a compromise on Tehran's nuclear ambitions.
Published 05 Jan, 2006 12:00am
Greenland sets polar bear hunting quotas

Greenland sets polar bear hunting quotas

Greenland has for the first time introduced hunting quotas on polar bears to protect the species threatened by global warming in the Arctic, but postponed plans to allow a limited tourist hunt, officials said Wednesday.
Published 05 Jan, 2006 12:00am
Joy turns to grief: just one survivor at US mine

Joy turns to grief: just one survivor at US mine

Joy gave way to grief and anger on Wednesday when a West Virginia coal town learned that 12 of 13 miners trapped in a mine explosion had died, three hours after friends and family were mistakenly told that all but one had survived.
Published 05 Jan, 2006 12:00am
Gaza gunmen rampage on Egypt border

Gaza gunmen rampage on Egypt border

Palestinian gunmen bulldozed a barricade on the Gaza Strip's border with Egypt, disrupted traffic across the frontier and stormed government offices on Wednesday in growing unrest ahead of elections later this month.
Published 05 Jan, 2006 12:00am
Sterling remains up versus dollar

Sterling remains up versus dollar

Sterling gained against the dollar and held steady versus the euro on Wednesday, as market players shrugged off UK mortgage and credit data to focus on the US currency's struggles.
Published 05 Jan, 2006 12:00am
Dollar falls on rate outlook, quake

Dollar falls on rate outlook, quake

The dollar fell to a two-month low against the euro and a three-week low versus the Swiss franc on Wednesday, rattled by expectations that US rate rises may soon end and news of an earthquake in the Gulf of California.
Published 05 Jan, 2006 12:00am
Telefonica to sell $6.59 billion bond

Telefonica to sell $6.59 billion bond

Spain's Telefonica unveiled plans for the continent's largest telecom bond sale in three years, putting the focus firmly on the primary market in Europe on Wednesday.
Published 05 Jan, 2006 12:00am
Telefonica to sell $6.59 billion bond

Telefonica to sell $6.59 billion bond

Spain's Telefonica unveiled plans for the continent's largest telecom bond sale in three years, putting the focus firmly on the primary market in Europe on Wednesday.
Published 05 Jan, 2006 12:00am
Seoul shares hit fresh record

Seoul shares hit fresh record

South Korean stocks hit a record high on Wednesday, with Samsung Electronics leading gains, tracking a rise in US stocks after signs the Federal Reserve's tightening campaign is nearing an end.
Published 05 Jan, 2006 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks edged up on Wednesday after a reported brokerage upgrade of Google Inc boosted the technology sector, while signals that interest rate hikes were approaching an end lifted the broader market.
Published 05 Jan, 2006 12:00am
FTSE ends above 5,700 for first time in 4-1/2 years

FTSE ends above 5,700 for first time in 4-1/2 years

Britain's top shares closed at their highest level since July 2001 on Wednesday, with market confidence cheered by an upbeat profit forecast from fashion retailer Next and hopes of an imminent pause in rising US interest rates.
Published 05 Jan, 2006 12:00am
China resumes gasoline, naphtha export tax rebates

China resumes gasoline, naphtha export tax rebates

China has ended a slew of measures that were brought in last summer to fight domestic fuel shortages, resuming naphtha and gasoline export tax rebates and restoring import tariffs for diesel, industry officials said on Wednesday.
Published 05 Jan, 2006 12:00am
Oil extends gains ahead of US supply report

Oil extends gains ahead of US supply report

Oil prices extended a week's worth of gains on Wednesday as dealers awaited a US government report expected to show a decline in commercial crude stockpiles.
Published 05 Jan, 2006 12:00am
Cuba's sugar harvest getting underway

Cuba's sugar harvest getting underway

Cuba's 2006 sugar harvest began on Wednesday, the state-run AIN news agency said, with officials and traders forecasting raw sugar output similar to last year's record-low 1.3 million tonnes.
Published 05 Jan, 2006 12:00am
New York cotton moderately lower

New York cotton moderately lower

Cotton futures finished lower Wednesday in moderate business as trade sales pressured the complex away from the two-month peak hit the previous session, dealers said.
Published 05 Jan, 2006 12:00am
London coffee gains

London coffee gains

London robusta coffee finished stronger on Wednesday on fund buying but producer selling capped gains, dealers said.
Published 05 Jan, 2006 12:00am
Metals close higher

Metals close higher

Base metals extended their record beating performance by the close of open-outcry trading on the London Metal Exchange (LME) on Wednesday, driven up by a strike at the world's largest copper producer, Codelco, dealers said.
Published 05 Jan, 2006 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied in late European trade on Wednesday after rising to a three-week high, but funds and investors were seen pushing the market higher on continued worries about inflation and currency markets.
Published 05 Jan, 2006 12:00am
US MIDDAY: sugar jumps

US MIDDAY: sugar jumps

Benchmark raw sugar prices jumped 4.9 percent to close at an 11-year high on Wednesday as speculative buying and stronger London whites prices helped them recover from the previous day's steep decline, traders said.
Published 05 Jan, 2006 12:00am
US MIDDAY: coffee rises

US MIDDAY: coffee rises

US benchmark coffee futures rose 1.9 percent to a new two-month high on Wednesday, propelled by a continuation of speculative buying amid bullish technical signals and light producer selling, traders said.
Published 05 Jan, 2006 12:00am
US MIDDAY: cocoa mixed

US MIDDAY: cocoa mixed

US cocoa futures settled narrowly mixed on Wednesday after light producer sales and speculative liquidation nudged the benchmark contract's price down from a four-month peak, market sources said.
Published 05 Jan, 2006 12:00am
US MIDDAY: corn dips

US MIDDAY: corn dips

Corn futures at the Chicago Board of Trade turned lower early on Wednesday, giving back gains from Tuesday's strong rally as farmer selling increased, traders said.
Published 05 Jan, 2006 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

Wheat futures at the Chicago Board of Trade were lower early on Wednesday on a profit-taking setback after Tuesday's strong fund-driven close, traders said.
Published 05 Jan, 2006 12:00am
US MIDDAY: copper sets new records

US MIDDAY: copper sets new records

US copper futures rallied to new records early Wednesday as funds were seen aggressively buying the red metal following news that non-unionised workers at Chile's state copper mining company Codelco began a threatened strike, sources said.
Published 05 Jan, 2006 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

Soyabean futures at the Chicago Board of Trade were lower early Wednesday as the market set back after Tuesday's fund-led rally to a four-month top, traders said.
Published 05 Jan, 2006 12:00am
US MIDDAY: gold unchanged

US MIDDAY: gold unchanged

US gold futures gyrated near unchanged early Wednesday after rising to a three-week high earlier, as bullish investors supported the metal on dips while speculator profit-taking capped gains, dealers said.
Published 05 Jan, 2006 12:00am
IT park to provide 10,000 jobs

IT park to provide 10,000 jobs

Punjab Chief Minister, Chaudhry Pervaiz Elahi, chairing a meeting on Information Technology Park here on Wednesday, said that this project would provide job opportunities to 10,000 persons.
Published 05 Jan, 2006 12:00am
Work on Kacchi Canal project in full swing

Work on Kacchi Canal project in full swing

Work on Kacchi Canal, a priority project under Wapda's Vision 2025 Programme, is in full swing under the construction supervision of a joint venture led by Nespak.
Published 05 Jan, 2006 12:00am
KCCI secretary hospitalised

KCCI secretary hospitalised

Secretary, Karachi Chamber of Commerce and Industry (KCCI) M Nazir Ali has suffered paralyses attack on Wednesday. He was sitting in his office when suddenly suffered paralyses stroke and fell down from chair. He was rushed to Aga Khan Hospital where he w
Published 05 Jan, 2006 12:00am
Health facilities at government hospitals improving

Health facilities at government hospitals improving

Punjab government is paying special attention towards the health sector due to which the poor and deserving patients are getting free medical treatment facilities in the government hospitals of the province.
Published 05 Jan, 2006 12:00am
CDA asked to recover Rs 0.8 million from contractor

CDA asked to recover Rs 0.8 million from contractor

A sub-committee of the Public Accounts Committee of the Parliament on Tuesday directed the Capital Development Authority (CDA) to recover Rs 0.8 million paid to a contractor for installing a digital clock at zero-point in Islamabad.
Published 05 Jan, 2006 12:00am
Supreme Court disposes of bail plea of Khyber Tractor director

Supreme Court disposes of bail plea of Khyber Tractor director

A three-member bench of the Supreme Court on Wednesday disposed of the bail petition of Khalid Sharif, a director of M/s Khyber Tractors by accepting the settlement reached between the accused and the National Accountability Bureau (NAB) in a reference af
Published 05 Jan, 2006 12:00am
VVIPs' visits create more insoluble problems for Karachiites

VVIPs' visits create more insoluble problems for Karachiites

In a city of unending crises, a new phenomenon of howling motorcades of VVIPs, rushing through busy streets and narrow lanes, showing little regard to traffic lights, and no respect to pedestrians, needs some restraints.
Published 05 Jan, 2006 12:00am
VVIP visits

VVIP visits

City Nazim's statement that VVIP personalities will travel by air within a city is quite encouraging as the commuters face these hardships on regular basis when these movements cause the worst traffic jams on major roads of Karachi.
Published 05 Jan, 2006 12:00am
'United States of Kashmir'

'United States of Kashmir'

The government's argument for abandoning the Muslims of Kashmir to appease India is appearing weaker day by day. On the one hand President General Musharraf, on December 29, 2005, attacked India for funding and supplying arms to Baloch insurgents, yet on
Published 05 Jan, 2006 12:00am
Zulfikar Ali Bhutto

Zulfikar Ali Bhutto

Bhutto was committed to history. He was an avid reader with a perspicacious mind and derived strength and understanding in politics, as others have done, from his ability to place the present moment in a long historical process. His idea of Pakistan's pos
Published 05 Jan, 2006 12:00am
Merkel worked once as waitress, biography reveals

Merkel worked once as waitress, biography reveals

Angela Merkel worked as a cocktail waitress in a disco while studying physics in Communist East Germany and later moved into an empty East Berlin flat as a squatter after leaving her first husband.
Published 05 Jan, 2006 12:00am
Need for modern dry port in Peshawar

Need for modern dry port in Peshawar

Peshawar, the metropolis of the North-West Frontier Province (NWFP) has remained the historic passage of foreign intruders and trade convoys into the sub-continent. After the end of the euphoria of Communist Russia and the independence of the Central Asia
Published 05 Jan, 2006 12:00am
Housing for all - an elusive dream

Housing for all - an elusive dream

Reports of the recent Pakistan Housing Sector Conference, held in Lahore the other day, have once again highlighted the fact that the government's resolve to provide housing to all is still a distant dream.
Published 05 Jan, 2006 12:00am
Three children to undergo heart surgery in India

Three children to undergo heart surgery in India

The Abaseen Rotary International Club will send three children suffering from cardiac diseases to the Chandigarh Cardiovascular Unit in India for open-heart surgery on January 5, 2006 where they will be operated upon free of cost.
Published 05 Jan, 2006 12:00am
Preparations for 'Expo 2006' in full swing

Preparations for 'Expo 2006' in full swing

Preparations for 'Evpo 2006' are in full swing, and Export Promotion Bureau (EPB) officials are busy making the Expo a grand success. An official of EPB told Business Recorder that 'Expo Secretariat' has been created, especially to prepare for the
Published 05 Jan, 2006 12:00am
Rangers arrest three high profile terrorists

Rangers arrest three high profile terrorists

Pakistan Rangers (Sindh) have arrested three high profile terrorists of banned outfit Lashkar-e-Jhangavi from Korangi area, Karachi. This was announced here on Wednesday by Colonel Qamar Abbas Kiyani, Commandant, Bhitai Rangers, at a press conference in p
Published 05 Jan, 2006 12:00am
SHC to decide SECP-KSE issue on January 18

SHC to decide SECP-KSE issue on January 18

A division bench of High Court of Sindh (SHC) comprising Justice Anwar Zaheer Jamali and Justice Nadeem Azhar Siddiqui on Wednesday adjourned hearing of a constitution petition against Securities and Exchange Commission of Pakistan (SECP) and Karachi Stoc
Published 05 Jan, 2006 12:00am
Network Leasing rating maintained

Network Leasing rating maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term rating at 'BBB' (Triple B) and the short-term rating at 'A3' (A Three) of Network Leasing Corporation Limited. These ratings denote a low expectation of credit risk and an adequate cap
Published 05 Jan, 2006 12:00am
Network Leasing rating maintained

Network Leasing rating maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term rating at 'BBB' (Triple B) and the short-term rating at 'A3' (A Three) of Network Leasing Corporation Limited. These ratings denote a low expectation of credit risk and an adequate cap
Published 05 Jan, 2006 12:00am
Crosby Management gets AM4 rating

Crosby Management gets AM4 rating

The Pakistan Credit Rating Agency (Pacra) has assigned an asset manager rating of "AM4" to Crosby Asset Management (Pakistan) Ltd (CAML). The rating reflects the company's adequate capacity to manage the risks inherent in asset management and the asset ma
Published 05 Jan, 2006 12:00am
Crosby Management gets AM4 rating

Crosby Management gets AM4 rating

The Pakistan Credit Rating Agency (Pacra) has assigned an asset manager rating of "AM4" to Crosby Asset Management (Pakistan) Ltd (CAML). The rating reflects the company's adequate capacity to manage the risks inherent in asset management and the asset ma
Published 05 Jan, 2006 12:00am
Gor Khuttree museum to be inaugurated on Pakistan Day

Gor Khuttree museum to be inaugurated on Pakistan Day

The Department of Archaeology and Museums, NWFP is going to open City Museum at Gor Khuttree from Pakistan Day this year as the preservation work on the historical building was near completion. The project would be completed at the cost of Rs 32 million.
Published 05 Jan, 2006 12:00am
Site chief slams raise in gas prices

Site chief slams raise in gas prices

Ameen Bandukda, Chairman, Site Association of Industry has expressed strong resentment and disappointment on unilateral decision of the government for increasing gas prices by 15.5 percent for all consumer categories throughout the country with effect 1st
Published 05 Jan, 2006 12:00am
Promotions

Promotions

Rashid Ahmed, Deputy Secretary (Committees), Senate Secretariat has been promoted as Joint Secretary (BS-20). According to a notification issued here on Wednesday, Muhammad Anwar, Section Officer (BS-18) has also been appointed as Deputy Secretary.
Published 05 Jan, 2006 12:00am
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