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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-03-17
Australian dollar softer

Australian dollar softer

The Australian dollar languished under 74 US cents on Thursday after a failed attempt to break higher, weighed down by sluggish commodity prices and uncertainty about US interest rates ahead of crucial inflation data.
Published 17 Mar, 2006 12:00am
Singer-actress Jessica snubs Bush

Singer-actress Jessica snubs Bush

Concerned about politicising her favourite charity, singer-actress Jessica Simpson on Wednesday turned down a invitation to meet with US President George W. Bush, a snub that left Republicans dismayed.
Published 17 Mar, 2006 12:00am
Mullah Omar vows to step up suicide attacks

Mullah Omar vows to step up suicide attacks

The fugitive leader of Afghanistan's ousted Taleban regime warned Thursday the movement would step up its campaign of suicide attacks and turn the country into a "flaming oven".
Published 17 Mar, 2006 12:00am
Sri Lanka face Herculean task in Pakistan ODIs

Sri Lanka face Herculean task in Pakistan ODIs

Injury-hit Sri Lanka have the tough task of trying to blank Pakistan in a three-match one-day home series starting here on Friday. Former world champions Sri Lanka need to win all three matches to ensure a direct entry in the Champions Trophy tournament i
Published 17 Mar, 2006 12:00am
Pakistan's win to place them among top-five

Pakistan's win to place them among top-five

The Friday's first ODI between Sri Lanka and Pakistan in Colombo is the start of the final battle among sides to avoid playing in the preliminary round of the ICC Champions Trophy, later this year in India.
Published 17 Mar, 2006 12:00am
Clark five-wicket haul puts Australia on top

Clark five-wicket haul puts Australia on top

Seam bowler Stuart Clark took five wickets on his debut as Australia took command on the first day of the first Test against South Africa at Newlands here on Thursday.
Published 17 Mar, 2006 12:00am
Under-achiever tag rankles Kiwis and West Indies

Under-achiever tag rankles Kiwis and West Indies

New Zealand and the West Indies go into the second cricket Test here on Friday smarting from criticism that both sides seriously under-achieved in the tense first Test.
Published 17 Mar, 2006 12:00am
Rahul Dravid determined to clinch series

Rahul Dravid determined to clinch series

India captain Rahul Dravid is keen to cap his 100th Test with a series-clinching victory in the third and final Test against England starting in Mumbai on Saturday.
Published 17 Mar, 2006 12:00am
Early exit for Roddick as Federer floats through

Early exit for Roddick as Federer floats through

Andy Roddick crashed out of the 5.27 million-dollar Pacific Life Open on Wednesday, victimised by Russian Igor Andreev and his own wayward play. Andreev, 22 and ranked 26th in the world, beat Roddick 6-4, 6-7 (5/7), 6-1 to reach the quarter-finals, in a m
Published 17 Mar, 2006 12:00am
Visitors enjoy more than the cutting edge over Sri Lanka in ODIs

Visitors enjoy more than the cutting edge over Sri Lanka in ODIs

Pakistan enjoy more than the cutting edge over Sri Lanka in one-day internationals played in both countries up until now. In all, a grand total of 103 limited-over internationals have been staged between the two rivals so far.
Published 17 Mar, 2006 12:00am
Iran may be America's biggest challenge: Bush

Iran may be America's biggest challenge: Bush

President George W. Bush on Thursday clung to his doctrine of using pre-emptive force against threats of weapons of mass destruction despite the Iraq war and said Iran may be America's biggest security challenge.
Published 17 Mar, 2006 12:00am
Asian currencies: ringgit and yuan at new highs

Asian currencies: ringgit and yuan at new highs

The Malaysian ringgit and Chinese yuan on Thursday hit their strongest level since last July's currency reforms, helped by speculation that the pace of their appreciation is likely to speed up in coming months.
Published 17 Mar, 2006 12:00am
Hong Kong dollar ends steady

Hong Kong dollar ends steady

The Hong Kong dollar was steady on Thursday, while discounts on forward rates widened following softer short-term interbank rates and tracking movements in yuan non-deliverable forwards, dealers said.
Published 17 Mar, 2006 12:00am
Dollar falls as flows outweigh New York manufacturing

Dollar falls as flows outweigh New York manufacturing

The dollar declined on Wednesday after a US Treasury Department report showed net capital inflows into the United States in January failed to finance that month's record US trade deficit.
Published 17 Mar, 2006 12:00am
Yen falls after BoJ says to early to raise rates

Yen falls after BoJ says to early to raise rates

The yen fell on Thursday after the Bank of Japan governor said it was too early for the central bank to raise rates from near zero, suggesting rates in Japan would continue to lag those in the United States and the euro zone.
Published 17 Mar, 2006 12:00am
Swiss franc rises versus euro

Swiss franc rises versus euro

The Swiss franc rose against the dollar and euro in early European trade on Thursday as markets braced for a second interest rate rise in three months from the Swiss National Bank later in the session.
Published 17 Mar, 2006 12:00am
Chinese yuan hits post-revaluation high

Chinese yuan hits post-revaluation high

China's yuan hit its highest level to the dollar on Thursday since its July revaluation, as dealers said market players took advantage of signs of increased tolerance from the central bank for a stronger currency.
Published 17 Mar, 2006 12:00am
Philippines shares rally

Philippines shares rally

Philippines share prices closed 0.65 percent higher on Thursday after further gains on Wall Street and support for banks after the extension of a law that allows sales of idle assets, dealers said.
Published 17 Mar, 2006 12:00am
Nikkei tumbles as property shares decline

Nikkei tumbles as property shares decline

The Nikkei average fell 1.37 percent on Thursday, reversing opening gains as property firms fell after Sumitomo Realty & Development Co Ltd was hit by a brokerage downgrade and by concerns about the impact of higher borrowing costs on the sector.
Published 17 Mar, 2006 12:00am
Thai share prices weaken

Thai share prices weaken

Thai share prices closed 0.17 percent lower on Thursday as investors stayed on the sidelines amid a growing political crisis over the leadership of embattled Premier Thaksin Shinawatra, dealers said.
Published 17 Mar, 2006 12:00am
Indian rupee slips

Indian rupee slips

The rupee slipped from a one-week high on Thursday on suspected central bank intervention, but managed to make modest gains on the day as the US currency eased overseas, with steady foreign inflows also lending support.
Published 17 Mar, 2006 12:00am
FTSE hits fresh five-year high

FTSE hits fresh five-year high

A fresh bout of merger talk pushed the FTSE 100 index to its second straight five-year closing high on Thursday, within a whisker of the key 6,000 level it has not broken since March 2001.
Published 17 Mar, 2006 12:00am
Seoul shares rise

Seoul shares rise

South Korean shares rose slightly on Thursday, as steel maker POSCO hit a record high on brighter earnings prospects, but broader advances were capped amid worries about the impact of a stronger won on exporters' profits.
Published 17 Mar, 2006 12:00am
Indian shares up

Indian shares up

Indian share prices rose 0.71 percent to a record close Thursday on fresh overseas and domestic funds buying blue chip banking, software and refinery stocks, dealers said. They said buying was seen in mid-sized companies, with profit-taking seen at higher
Published 17 Mar, 2006 12:00am
Bonds: Casino rallies on plans to cut debt

Bonds: Casino rallies on plans to cut debt

The cost of insuring debt in Casino against default fell sharply on Thursday, after the French supermarket group unveiled a big asset sale programme and set itself more stringent debt ratio targets.
Published 17 Mar, 2006 12:00am
Bonds: Casino rallies on plans to cut debt

Bonds: Casino rallies on plans to cut debt

The cost of insuring debt in Casino against default fell sharply on Thursday, after the French supermarket group unveiled a big asset sale programme and set itself more stringent debt ratio targets.
Published 17 Mar, 2006 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US stocks rose on Thursday as a government report showed consumer prices were contained last month, boosting optimism the Federal Reserve would feel less pressure to raise interest rates aggressively.
Published 17 Mar, 2006 12:00am
Dollar steadies versus euro

Dollar steadies versus euro

The dollar held steady against euro on Thursday, ahead of economic data that could shed light on the future path of US interest rates. The yen, meanwhile, fell after the Bank of Japan governor said it was too soon to raise rates from near zero, suggesting
Published 17 Mar, 2006 12:00am
Sterling up versus weak dollar

Sterling up versus weak dollar

Sterling rose to a one-week high against the dollar on Thursday but slipped versus the euro after weaker-than-expected US inflation data pushed the greenback down across the board.
Published 17 Mar, 2006 12:00am
Boom in grain imports spurs new Philippine ports

Boom in grain imports spurs new Philippine ports

Eduardo Alino only opened his grain bulk handling facility at Subic freeport, a former US base north-west of Manila, in January but he's already planning to double its capacity to meet the country's growing appetite.
Published 17 Mar, 2006 12:00am
Eleven patients die in Eisai drug trial

Eleven patients die in Eisai drug trial

Eleven patients have died while taking Alzheimer's disease drug Aricept during a clinical trial, Japan's Eisai Co, which makes the medicine, said on Thursday. There were no deaths among patients who were taking a placebo, said Eisai, which markets Aricept
Published 17 Mar, 2006 12:00am
New German director for UN programme

New German director for UN programme

UN chief Kofi Annan has selected Achim Steiner, a German national, to take-over the helm of the United Nations Environment Programme (UNEP), Annan's spokesman said Wednesday.
Published 17 Mar, 2006 12:00am
Kurds destroy Halabja memorial

Kurds destroy Halabja memorial

Hundreds of Kurdish protesters destroyed a memorial to the 1988 gas attack in the Iraqi town of Halabja on Thursday, setting the museum ablaze on the 18th anniversary of the deaths of 5,000 local people.
Published 17 Mar, 2006 12:00am
US and Australia urge China to grow positively

US and Australia urge China to grow positively

China needs to accept the global responsibilities that come with its emergence as an Asia-Pacific power, and be more transparent about its military build-up, the United States and Australia said on Thursday.
Published 17 Mar, 2006 12:00am
Over 130 workers evacuated from UK fire

Over 130 workers evacuated from UK fire

More than 130 workers were evacuated by helicopter after a fire broke out on an oil platform in the North Sea off Scotland on Thursday, the Coastguard said.
Published 17 Mar, 2006 12:00am
Study finds mutations needed for bird flu pandemic

Study finds mutations needed for bird flu pandemic

Scientists said on Thursday they had identified some of the mutations the H5N1 avian influenza virus needs to gain a permanent foothold in the human population, causing a greatly feared pandemic.
Published 17 Mar, 2006 12:00am
Tigers see resurgence of violence in Sri Lanka

Tigers see resurgence of violence in Sri Lanka

Tamil Tiger rebels told peace broker Norway on Thursday that the Sri Lankan government was reneging on promises to disarm paramilitary units, and said the island could see a resurgence of violence.
Published 17 Mar, 2006 12:00am
Islamabad to go ahead with IPI gas line: Kasuri

Islamabad to go ahead with IPI gas line: Kasuri

Foreign Minister Khurshid Mahmood Kasuri said on Thursday that Pakistan would decide on Iran-Pakistan-India (IPI) gas pipeline issue in accordance with its energy requirements and would not falter to pressure from any side in this regard.
Published 17 Mar, 2006 12:00am
Pakistan's economic growth encouraging: Praful

Pakistan's economic growth encouraging: Praful

World Bank Vice President Praful C Patel said the WB assessment about Pakistan's economic situation was very positive and the foundation was robust. Despite variable factors including earthquake, the economic base was solid and the private entrepreneurshi
Published 17 Mar, 2006 12:00am
Pakistan's economic growth encouraging: Praful

Pakistan's economic growth encouraging: Praful

World Bank Vice President Praful C Patel said the WB assessment about Pakistan's economic situation was very positive and the foundation was robust. Despite variable factors including earthquake, the economic base was solid and the private entrepreneurshi
Published 17 Mar, 2006 12:00am
Pakistan''s economic growth encouraging: Praful

Pakistan''s economic growth encouraging: Praful

World Bank Vice President Praful C Patel said the WB assessment about Pakistan''s economic situation was very positive and the foundation was robust. Despite variable factors including earthquake, the economic base was solid and the private entrepreneursh
Published 17 Mar, 2006 12:00am
Fresh samples sent to UK for bird flu tests

Fresh samples sent to UK for bird flu tests

Pakistan has feared a 'highly likely' probability of lethal H5N1 bird flu strain outbreak in the country as authorities sent fresh samples of chickens to a British laboratory for serological testing, sources said.
Published 17 Mar, 2006 12:00am
Fresh samples sent to UK for bird flu tests

Fresh samples sent to UK for bird flu tests

Pakistan has feared a 'highly likely' probability of lethal H5N1 bird flu strain outbreak in the country as authorities sent fresh samples of chickens to a British laboratory for serological testing, sources said.
Published 17 Mar, 2006 12:00am
Fresh samples sent to UK for bird flu tests

Fresh samples sent to UK for bird flu tests

Pakistan has feared a ''highly likely'' probability of lethal H5N1 bird flu strain outbreak in the country as authorities sent fresh samples of chickens to a British laboratory for serological testing, sources said.
Published 17 Mar, 2006 12:00am
G8 for developing nuclear power to meet energy needs

G8 for developing nuclear power to meet energy needs

Energy ministers of the powerful Group of Eight countries called Thursday for wide-scale development of nuclear power as a means of ensuring the world's long-term energy security as Russian President Vladimir Putin appealed for unity on energy policy.
Published 17 Mar, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Mar, 2006 12:00am
G8 for developing nuclear power to meet energy needs

G8 for developing nuclear power to meet energy needs

Energy ministers of the powerful Group of Eight countries called Thursday for wide-scale development of nuclear power as a means of ensuring the world's long-term energy security as Russian President Vladimir Putin appealed for unity on energy policy.
Published 17 Mar, 2006 12:00am
G8 for developing nuclear power to meet energy needs

G8 for developing nuclear power to meet energy needs

Energy ministers of the powerful Group of Eight countries called Thursday for wide-scale development of nuclear power as a means of ensuring the world''s long-term energy security as Russian President Vladimir Putin appealed for unity on energy policy.
Published 17 Mar, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (March 16, 2006).

Published 17 Mar, 2006 12:00am
PHC issues notices to Qazi and Shujaat

PHC issues notices to Qazi and Shujaat

The Peshawar High Court (PHC) on Thursday issued notices to Muttahida Majlis-i-Amal (MMA) chief Qazi Hussain Ahmed and president PML Chaudhry Shujaat Hussain on a petition challenging the nomination of their candidates in NWFP Senate elections above the s
Published 17 Mar, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Mar, 2006 12:00am
LHC bars Punjab advisor from holding office

LHC bars Punjab advisor from holding office

The Lahore High Court (LHC), while admitting a petition for regular hearing, has restrained Mian Munir advisor to the Punjab Chief Minister from using his office. The court also directed the government to withdraw all the facilities extended to Mian Munir
Published 17 Mar, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Mar, 2006 12:00am
LHC bars Punjab advisor from holding office

LHC bars Punjab advisor from holding office

The Lahore High Court (LHC), while admitting a petition for regular hearing, has restrained Mian Munir advisor to the Punjab Chief Minister from using his office. The court also directed the government to withdraw all the facilities extended to Mian Munir
Published 17 Mar, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Mar, 2006 12:00am
$220 million ADB loan not to be extended to Pesco and Iesco

$220 million ADB loan not to be extended to Pesco and Iesco

The federal government has refused to extend $220 million concessional loan of the Asian Development Bank (ADB) to the Peshawar Electric Supply Company (Pesco) and the Islamabad Electric Supply Company (Iesco), sources in the finance ministry told Busi
Published 17 Mar, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (March 16, 2006).

Published 17 Mar, 2006 12:00am
$220 million ADB loan not to be extended to Pesco and Iesco

$220 million ADB loan not to be extended to Pesco and Iesco

The federal government has refused to extend $220 million concessional loan of the Asian Development Bank (ADB) to the Peshawar Electric Supply Company (Pesco) and the Islamabad Electric Supply Company (Iesco), sources in the finance ministry told Busi
Published 17 Mar, 2006 12:00am
$220 million ADB loan not to be extended to Pesco and Iesco

$220 million ADB loan not to be extended to Pesco and Iesco

The federal government has refused to extend $220 million concessional loan of the Asian Development Bank (ADB) to the Peshawar Electric Supply Company (Pesco) and the Islamabad Electric Supply Company (Iesco), sources in the finance ministry told Busi
Published 17 Mar, 2006 12:00am
Senate concerned over price hike

Senate concerned over price hike

The Senate on Thursday expressed grave concern over apparently uncontrollable prices of daily use commodities, including sugar and called for a sustained policy to check the trend, forcing the people to commit suicide.
Published 17 Mar, 2006 12:00am
Rice exports up by over 25 percent: Reap

Rice exports up by over 25 percent: Reap

Pakistan's rice export has witnessed more than 25 per cent increase during first eight months of the current fiscal year 2005-06. The Rice Exporters Association of Pakistan (Reap) Chairman Abdul Majeed stated this while talking to a private channel.
Published 17 Mar, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The most unexpected happened in the Senate on Thursday: A senator from Punjab got up and passionately defended the cause of Punjab. This has have not happened in either the National Assembly or the Senate for many years.
Published 17 Mar, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (March 16, 2006).

Published 17 Mar, 2006 12:00am
Opposition denies receiving message for consultation

Opposition denies receiving message for consultation

The combined opposition on Thursday denied it had received a message for consultation from the government prior to the appointment of the new Chief Election Commissioner (CEC). President General Pervez Musharraf on Wednesday appointed a former Supreme Cou
Published 17 Mar, 2006 12:00am
Delay in bird flu samples result makes people suspicious

Delay in bird flu samples result makes people suspicious

The delay in the arrival of the test results of the samples of suspected bird flu infected poultry from National Reference Laboratory (NRL) Weighbridge, England, is generating suspicious in the mind of the people about the bird flue strain while the silen
Published 17 Mar, 2006 12:00am
THE RUPEE: dollar keeps on forward march

THE RUPEE: dollar keeps on forward march

All round slide was seen in both the open and interbank market on Thursday, dealers said. The rupee fall was extended as a result of higher demand for dollar, shedding four paisa more for buying and selling at 60.18 and 60.19 in process of trading. Thus,
Published 17 Mar, 2006 12:00am
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