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Print - 2006-03-25
SNGPL to supply 40 million MCF gas to SIE daily

SNGPL to supply 40 million MCF gas to SIE daily

Following an agreement with the Punjab Industrial Estates (PIE), Sui Northern Gas Pipelines (SNGPL) has formally decided to supply 40 millions meter cubic feet (MCF) gas to Sundar Industrial Estate (SIE) on daily basis.
Published 25 Mar, 2006 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed plus signs amid increase in index. ISE Ten index showed an increase of 72.73 points, as the ten index moved from 3,288.55 to 3,361.28 points.
Published 25 Mar, 2006 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed plus signs amid increase in index. ISE Ten index showed an increase of 72.73 points, as the ten index moved from 3,288.55 to 3,361.28 points.
Published 25 Mar, 2006 12:00am
Venezuela suspends threat to ban US flights

Venezuela suspends threat to ban US flights

Venezuela has suspended a threat to restrict or ban flights by US airlines after the two governments agreed to negotiations to end a dispute over aviation rights, the US ambassador to Caracas said on Thursday.
Published 25 Mar, 2006 12:00am
US regrets lack of movement at WTO farm talks

US regrets lack of movement at WTO farm talks

World Trade Organisation (WTO) farm talks this week made no headway on the core issue of market opening, but outlines of a deal are emerging in other areas as an April deadline looms, a senior US official said on Friday.
Published 25 Mar, 2006 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (March 24, 2006).

Published 25 Mar, 2006 12:00am
SNGPL to supply 40 million MCF gas to SIE daily

SNGPL to supply 40 million MCF gas to SIE daily

Following an agreement with the Punjab Industrial Estates (PIE), Sui Northern Gas Pipelines (SNGPL) has formally decided to supply 40 millions meter cubic feet (MCF) gas to Sundar Industrial Estate (SIE) on daily basis.
Published 25 Mar, 2006 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (March 24, 2006).

Published 25 Mar, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 24, 2006).
Published 25 Mar, 2006 12:00am
SNGPL to supply 40 million MCF gas to SIE daily

SNGPL to supply 40 million MCF gas to SIE daily

Following an agreement with the Punjab Industrial Estates (PIE), Sui Northern Gas Pipelines (SNGPL) has formally decided to supply 40 millions meter cubic feet (MCF) gas to Sundar Industrial Estate (SIE) on daily basis.
Published 25 Mar, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 24, 2006).

Published 25 Mar, 2006 12:00am
Car insurance premium may be cut by up to 50 percent

Car insurance premium may be cut by up to 50 percent

The implementation of "vehicle monitoring and interception system" (VMIS), developed by National Database Registration Authority (Nadra) in the province, is likely to force insurance companies to slash car insurance premium by up to 50 percent.
Published 25 Mar, 2006 12:00am
Car insurance premium may be cut by up to 50 percent

Car insurance premium may be cut by up to 50 percent

The implementation of "vehicle monitoring and interception system" (VMIS), developed by National Database Registration Authority (Nadra) in the province, is likely to force insurance companies to slash car insurance premium by up to 50 percent.
Published 25 Mar, 2006 12:00am
BRIndex30 records 0.81 percent gain

BRIndex30 records 0.81 percent gain

The BRIndex30 on Friday closed at 12,450.20 with a net positive change of 100.36, or 0.81 percent. During the day, it registered a high of 12,513.63 and a low of 12,369.00.
Published 25 Mar, 2006 12:00am
Shell lubricants announces new price list

Shell lubricants announces new price list

Due to constant increase in base oil and additive prices in the international market, Shell Pakistan is increasing the prices of its lubricants with immediate effect. The new prices of the following grades will be as follows:

Published 25 Mar, 2006 12:00am
BRIndex30 records 0.81 percent gain

BRIndex30 records 0.81 percent gain

The BRIndex30 on Friday closed at 12,450.20 with a net positive change of 100.36, or 0.81 percent. During the day, it registered a high of 12,513.63 and a low of 12,369.00.
Published 25 Mar, 2006 12:00am
US witness says he supplied computers for al Qaeda

US witness says he supplied computers for al Qaeda

A US informant, testifying at the trial of seven Britons accused of planning bombings in the UK, told a London court on Friday he had supplied computers to help al Qaeda.
Published 25 Mar, 2006 12:00am
No quota for rice export to Sri Lanka

No quota for rice export to Sri Lanka

The government said on Friday that Sri Lanka has not imposed quota on export of rice from Pakistan. An official statement said that under the bilateral Free Trade Agreement, Sri Lanka has given duty-free market access on export of 6000 tons long grain Bas
Published 25 Mar, 2006 12:00am
Industries ordered to build water treatment plants

Industries ordered to build water treatment plants

The Water Supply & Sanitation Agency (Wasa) has banned pumping of industrial effluent and ordered to construct treatment plants in all the dying and spinning factories in the city. The decision has been taken during a meeting of Wasa officials and represe
Published 25 Mar, 2006 12:00am
No quota for rice export to Sri Lanka

No quota for rice export to Sri Lanka

The government said on Friday that Sri Lanka has not imposed quota on export of rice from Pakistan. An official statement said that under the bilateral Free Trade Agreement, Sri Lanka has given duty-free market access on export of 6000 tons long grain Bas
Published 25 Mar, 2006 12:00am
No quota for rice export to Sri Lanka

No quota for rice export to Sri Lanka

The government said on Friday that Sri Lanka has not imposed quota on export of rice from Pakistan. An official statement said that under the bilateral Free Trade Agreement, Sri Lanka has given duty-free market access on export of 6000 tons long grain Bas
Published 25 Mar, 2006 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 25 Mar, 2006 12:00am
Soldier among 21 killed in Miranshah

Soldier among 21 killed in Miranshah

Troops and helicopter gunships killed up to 20 militants near the Afghan border on Friday, officials said, hours after President Pervez Musharraf warned foreign militants to leave the area.
Published 25 Mar, 2006 12:00am
State Bank of Pakistan conversion rates

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 25 Mar, 2006 12:00am
Soldier among 21 killed in Miranshah

Soldier among 21 killed in Miranshah

Troops and helicopter gunships killed up to 20 militants near the Afghan border on Friday, officials said, hours after President Pervez Musharraf warned foreign militants to leave the area.
Published 25 Mar, 2006 12:00am
Barclays bid rates and maximum rates for payment of interest

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 25 Mar, 2006 12:00am
LSE stays bullish

LSE stays bullish

Equities stayed bullish on Lahore Stock Exchange (LSE) on last trading day of the week, while the index crossed 5,500 points, registering a net gain of 2.18 percent.
Published 25 Mar, 2006 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 24, 2006).

Published 25 Mar, 2006 12:00am
LSE stays bullish

LSE stays bullish

Equities stayed bullish on Lahore Stock Exchange (LSE) on last trading day of the week, while the index crossed 5,500 points, registering a net gain of 2.18 percent.
Published 25 Mar, 2006 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (March 24, 2006).

Published 25 Mar, 2006 12:00am
China denounces EU shoe duties as unfair

China denounces EU shoe duties as unfair

China on Friday harshly criticised an EU decision to place anti-dumping duties on some Chinese-made shoes, calling the action groundless and discriminatory as manufacturers also prepared to fight.
Published 25 Mar, 2006 12:00am
Google to join S&P 500

Google to join S&P 500

Google Inc will replace oil and gas producer Burlington Resources Inc in the S&P 500 Index, Standard & Poor's said on Thursday sending the Web search leader's shares up 9 percent.
Published 25 Mar, 2006 12:00am
PHMA demands textile college

PHMA demands textile college

Pakistan Hosiery Manufacturers Association (PHMA), Sialkot region, has demanded of the Federal government to establish a textile college here to provide specialised education in sports wears and fashion.
Published 25 Mar, 2006 12:00am
US MIDDAY: silver hits new high

US MIDDAY: silver hits new high

US silver futures blasted off to a new 22-year high on follow-through speculative buying Friday morning on thoughts of rising investment demand, while gold prices rose from a prior nine-day low, traders said.
Published 25 Mar, 2006 12:00am
US MIDDAY: soyabeans gain

US MIDDAY: soyabeans gain

Soyabean futures at the Chicago Board of Trade held firm early on Friday with positioning and short covering ahead of the weekend lending mild support, traders said.
Published 25 Mar, 2006 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

US copper futures opened with modest losses Friday but climbed off the lows to set new highs as the market extended its recent rally amid a backdrop of bullish fundamentals, sources said.
Published 25 Mar, 2006 12:00am
US MIDDAY: wheat sags

US MIDDAY: wheat sags

Wheat futures at the Chicago Board of Trade were lower early on Friday, falling to fresh two-month lows on forecasts for more showers in the US Plains next week, traders said.
Published 25 Mar, 2006 12:00am
US MIDDAY: corn rises

US MIDDAY: corn rises

Corn futures at the Chicago Board of Trade were firm early on Friday on an end-of-week short-covering bounce and on spillover support from gains in soy, traders said.
Published 25 Mar, 2006 12:00am
US MIDDAY: sugar higher

US MIDDAY: sugar higher

Raw sugar futures banked on late commodity fund and speculative buying to settle Friday at a three-week high and the late steadiness may allow the market to crawl higher going into next week, brokers said.
Published 25 Mar, 2006 12:00am
US MIDDAY: coffee firms

US MIDDAY: coffee firms

US coffee futures ended a shade higher on trade and fund buying Friday, with a late round of profit-taking trimming the benchmark's price from its intraday peak, market sources said.
Published 25 Mar, 2006 12:00am
US MIDDAY: cocoa futures up

US MIDDAY: cocoa futures up

US cocoa futures finished on positive ground Friday, fuelled by a late spurt of speculative and fund buying amid a flagging dollar, market sources said.
Published 25 Mar, 2006 12:00am
Silver hits new 22-year peak

Silver hits new 22-year peak

Silver spiked to a new high in more than 22 years on Friday, with investors pouring money into the metal on expectations the first silver-backed security is closer to approval by US authorities.
Published 25 Mar, 2006 12:00am
Copper sets new high

Copper sets new high

London Metal Exchange copper hit a new high of $5,276 a tonne in electronic trading on Friday as investment managers, encouraged by bullish news from Indonesia, took more long positions, traders said.
Published 25 Mar, 2006 12:00am
Russia palladium exports to fall

Russia palladium exports to fall

Palladium exports from Russia, the world's top producer, are unlikely to fall significantly in the next three years even as the country's cars consume more of the metal in catalytic converters, industry analysts said.
Published 25 Mar, 2006 12:00am
New York cotton settles easier

New York cotton settles easier

Cotton futures settled easier Friday on modest speculative sales as its brief bounce back stalled, and analysts said near-term direction is uncertain.
Published 25 Mar, 2006 12:00am
London sugar higher

London sugar higher

London sugar futures closed firmer on Friday after a session dominated by structural trades and underpinned by strong oil prices, boosting biofuel prospects, traders said.
Published 25 Mar, 2006 12:00am
Oil holds above $64 on renewed supply woes

Oil holds above $64 on renewed supply woes

Oil held above $64 a barrel after hitting a near seven-week high on Friday as renewed supply woes in Nigeria increased expectations of prolonged outages in Africa's largest producer.
Published 25 Mar, 2006 12:00am
EU biofuels growth seen sparking food price rise

EU biofuels growth seen sparking food price rise

Rapid expansion of European Union biofuels production will lead to higher and more volatile food prices, imposing a financial burden on poor countries, an economist with a leading grain trading company said on Friday.
Published 25 Mar, 2006 12:00am
Volatile gold prices slash Turkey gold imports

Volatile gold prices slash Turkey gold imports

Volatile spot gold prices have sharply reduced bullion imports by Turkey, the world's second biggest jewellery exporter, the World Gold Council said on Friday.
Published 25 Mar, 2006 12:00am
Britain's top share index closes at five-year high

Britain's top share index closes at five-year high

UK stocks closed at 5-year highs on Friday, with Tesco hitting a record peak on hopes it will squeeze cash from its property assets, but insurer Prudential fell after rival Aviva withdrew a merger proposal.
Published 25 Mar, 2006 12:00am
Indian shares gain

Indian shares gain

Indian shares prices rose one percent Friday to a record close as fears over government stability eased and funds bought into mid-sized and index stocks ahead of the financial year-end next week, dealers said.
Published 25 Mar, 2006 12:00am
US Stocks: Friday's unofficial close

US Stocks: Friday's unofficial close

US stocks advanced on Friday as weak home sales data suggested the Federal Reserve might stop raising interest rates soon and the addition of Google Inc to the benchmark Standard & Poor's 500 index supported tech shares.
Published 25 Mar, 2006 12:00am
South Korean stocks up

South Korean stocks up

Seoul shares rose on Friday as financial stocks such as LG Card rallied after Kookmin Bank's agreement to take over a smaller rival a day earlier triggered expectations for consolidation in the sector.
Published 25 Mar, 2006 12:00am
Bonds: Alcatel's credit protection soars

Bonds: Alcatel's credit protection soars

The cost of insuring Alcatel debt against default rose sharply before paring some of its losses on Friday after the French telecom equipment company announced it was in merger talks with US-based Lucent.
Published 25 Mar, 2006 12:00am
Bonds: Alcatel's credit protection soars

Bonds: Alcatel's credit protection soars

The cost of insuring Alcatel debt against default rose sharply before paring some of its losses on Friday after the French telecom equipment company announced it was in merger talks with US-based Lucent.
Published 25 Mar, 2006 12:00am
Dollar stays higher in London

Dollar stays higher in London

The dollar held on to recent gains on Friday, while high-yielding currencies tumbled, led by a sharp fall in the New Zealand dollar after a surprise contraction in growth stoked expectations for a rate cut there.
Published 25 Mar, 2006 12:00am
Sterling jumps against euro

Sterling jumps against euro

Sterling hit a nine-day high against the euro on Friday as investors scaled back expectations for a British interest rate cut. Recent reasonably strong data and an on-hold tone taken by policymakers have enabled the pound to claw its way back from seven-m
Published 25 Mar, 2006 12:00am
EU agrees sanctions on Belarus leader

EU agrees sanctions on Belarus leader

The European Union agreed on Friday to slap sanctions on dozens of Belarus leaders, including President Alexander Lukashenko, over a presidential election it condemned as flawed.
Published 25 Mar, 2006 12:00am
US plans to impose restrictions

US plans to impose restrictions

The United States condemned a Belarus crackdown on protesters and plans to impose financial sanctions and travel restrictions against government officials, White House spokesman Scott McClellan said on Friday.
Published 25 Mar, 2006 12:00am
Ethiopian scientist makes important skull discovery

Ethiopian scientist makes important skull discovery

A hominid skull discovered in Ethiopia could fill the gap in the search for the origins of the human race, a scientist said on Friday. The cranium, found near the city of Gawis, 500 km (300 miles) south-east of the capital Addis Ababa, is estimated to be
Published 25 Mar, 2006 12:00am
90 die in Somalia militia battles

90 die in Somalia militia battles

Heavy fighting between rival Somali militia linked to Islamic courts and a new "anti-terror" alliance has killed about 90 people in the last three days in the capital Mogadishu, residents and local radio said on Friday.
Published 25 Mar, 2006 12:00am
Pentagon to review policy on planting news stories

Pentagon to review policy on planting news stories

The Pentagon will review whether it is proper for the military to pay news organisations to publish positive stories secretly written by US forces, Defence Secretary Donald Rumsfeld said late Thursday.
Published 25 Mar, 2006 12:00am
World must tackle wildlife smuggling: UN official

World must tackle wildlife smuggling: UN official

The world must do more to halt wildlife smuggling and slow extinctions caused by criminals such as a woman caught with the egg of an endangered bird in her bra, a UN official said on Friday.
Published 25 Mar, 2006 12:00am
French Prime Minister, unions fail to agree on job law

French Prime Minister, unions fail to agree on job law

Prime Minister Dominique de Villepin and French unions failed to break the deadlock over a youth labour law on Friday at a first meeting called to discuss a crisis that has triggered mass protests and sporadic riots.
Published 25 Mar, 2006 12:00am
Japan and US split on military base relocation cost

Japan and US split on military base relocation cost

Talks aimed at wrapping up a plan to reorganise the US military in Japan ended without a deal on Friday and negotiators will meet in Washington next week to try to close the gaps by an end-of-March deadline, a US source said.
Published 25 Mar, 2006 12:00am
One killed as huge blast rocks French university

One killed as huge blast rocks French university

One person died and up to 20 were missing on Friday after an explosion destroyed a research building at a French university in the eastern city of Mulhouse, the fire brigade said.
Published 25 Mar, 2006 12:00am
US to establish military bases in Bulgaria

US to establish military bases in Bulgaria

Nato newcomer Bulgaria and the United States have agreed to establish three US military bases in the Black Sea state, officials from both countries said on Friday, despite polls showing widespread public opposition.
Published 25 Mar, 2006 12:00am
Hindu nationalists must use armoured 'chariots'

Hindu nationalists must use armoured 'chariots'

The Indian government has advised Hindu nationalist leaders to use armoured vehicles during their electoral rallies next month as a precaution against terror attacks, officials said Friday.
Published 25 Mar, 2006 12:00am
Olmert calls Haniyeh an enemy

Olmert calls Haniyeh an enemy

Interim Israeli Prime Minister Ehud Olmert called Hamas prime minister-designate Ismail Haniyeh an "enemy" and said he hoped one day to put the group's leader-in-exile, Khaled Meshaal, on trial.
Published 25 Mar, 2006 12:00am
Chinese convicted over 21 deaths in British bay

Chinese convicted over 21 deaths in British bay

A Chinese gangmaster was found guilty on Friday of the manslaughter of 21 Chinese shellfish pickers who drowned in a treacherous British bay two years ago.
Published 25 Mar, 2006 12:00am
Bird flu kills woman in Shanghai

Bird flu kills woman in Shanghai

China's Health Ministry confirmed on Friday that a 29-year-old woman in Shanghai had died of bird flu, the official Xinhua News Agency reported.
Published 25 Mar, 2006 12:00am
Nigeria shuts down for fourth day of troubled census

Nigeria shuts down for fourth day of troubled census

Nigeria came to a virtual halt on Friday as the country's first census in 15 years moved into a fourth day marked by arrests, more violence and growing clamour for the count to be extended.
Published 25 Mar, 2006 12:00am
US calls for release of New York Times researcher

US calls for release of New York Times researcher

The United States called Thursday for the release of a Chinese researcher for the New York Times jailed for more than 18 months, sparking an angry response from China.
Published 25 Mar, 2006 12:00am
Bollywood releases another English language film

Bollywood releases another English language film

Bollywood romantic hero Saif Ali Khan's first English-language movie was released Friday as the Indian film industry tries tentatively to woo a new breed of young urban audiences.
Published 25 Mar, 2006 12:00am
Egypt to lift 25-year-old emergency laws

Egypt to lift 25-year-old emergency laws

Egypt plans to lift 25-year-old emergency laws granting security forces sweeping powers of arrest and detention that critics have long claimed are used against opponents of the regime.
Published 25 Mar, 2006 12:00am
Brown seen as Britain's prime minister in waiting

Brown seen as Britain's prime minister in waiting

Finance minister Gordon Brown was widely hailed as Britain's prime minister in waiting on Thursday, with the status of incumbent Tony Blair looking increasingly fragile.
Published 25 Mar, 2006 12:00am
Sri Lanka lose Vaas for first Test

Sri Lanka lose Vaas for first Test

Sri Lanka fast bowler Chaminda Vaas has been ruled out of Sunday's first test against Pakistan with a side injury. Sri Lanka trimmed their provisional 18-man squad down to 15 with Vaas joining skipper Marvan Atapattu and Ruchira Perera on the injured list
Published 25 Mar, 2006 12:00am
West Indies seek to salvage pride

West Indies seek to salvage pride

West Indies go into the third and final Test against New Zealand in Napier starting on Saturday with little to play for except their battered pride.
Published 25 Mar, 2006 12:00am
Henman scores 'small hours' victory over Safin

Henman scores 'small hours' victory over Safin

Tim Henman burned the midnight oil to beat former world number one Marat Safin at the NASDAQ-100 Open on Thursday while Mark Philippoussis endured two rain delays to advance.
Published 25 Mar, 2006 12:00am
Ponting grinds out century for Australia

Ponting grinds out century for Australia

Australian captain Ricky Ponting ground out his fourth Test century of the summer against South Africa before the hosts fought back with a late burst of wickets on the first day of the second Test at Kingsmead here on Friday.
Published 25 Mar, 2006 12:00am
Australian dollar sinks

Australian dollar sinks

The Australian dollar sank to within a whisker of 71 US cents on Friday, dropping nearly 4 percent in the past week on the prospect of further yield erosion, and as the neighbouring New Zealand dollar took a dive.
Published 25 Mar, 2006 12:00am
Hong Kong dollar ends steady

Hong Kong dollar ends steady

Short-dated interbank rates in Hong Kong spiked higher on Friday as funds were tied up for an initial public offering, driving the overnight rate to touch a five-year high.
Published 25 Mar, 2006 12:00am
Dollar gains on rising US bond yields

Dollar gains on rising US bond yields

The dollar rose broadly on Thursday, taking its cues from rising US bond yields and solid US housing data that seemed to suggest the Federal Reserve will likely raise interest rates at least twice more.
Published 25 Mar, 2006 12:00am