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Apr 18, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-04-04
Bonds: Debt in GMAC rallies

Bonds: Debt in GMAC rallies

Debt in General Motors Acceptance Corp (GMAC) rallied on Monday, after struggling parent GM agreed to sell a majority stake in the finance unit for $14 billion to a consortium led by hedge fund Cerberus Capital Management.
Published 04 Apr, 2006 12:00am
Oil climbs back to $67 as fresh money flows in

Oil climbs back to $67 as fresh money flows in

Oil swept more than $1 higher to above $67 on Monday as investment funds poured fresh cash into commodities, 23 percent of Nigerian oil output remained idle and US refiners geared up for peak gasoline demand.
Published 04 Apr, 2006 12:00am
Copper and zinc at record highs

Copper and zinc at record highs

Copper and zinc ended at record highs on the London Metal Exchange (LME) on Monday on fresh fund buying at the start of the second quarter, traders said. "I believe the market will be steady at these levels for a couple of days, perhaps three, as that is
Published 04 Apr, 2006 12:00am
London sugar firms

London sugar firms

London white sugar futures closed firmer on Monday after a session dominated by structural trades and Against Actuals (AAs, a form of hedging), and traders said the underlying tone of the market remained bullish.
Published 04 Apr, 2006 12:00am
New York cotton futures touch down

New York cotton futures touch down

Cotton futures closed with small losses Monday in activity featuring switch trade as investment funds transferred positions out of the spot contract before deliveries begin later this month, analysts said.
Published 04 Apr, 2006 12:00am
FTSE storms 6,000 mark

FTSE storms 6,000 mark

Britain's top share index surged above the 6,000-point mark on Monday, as miners such as BHP Billiton leapt higher on the first day of trading in the second quarter.
Published 04 Apr, 2006 12:00am
Bonds: Debt in GMAC rallies

Bonds: Debt in GMAC rallies

Debt in General Motors Acceptance Corp (GMAC) rallied on Monday, after struggling parent GM agreed to sell a majority stake in the finance unit for $14 billion to a consortium led by hedge fund Cerberus Capital Management.
Published 04 Apr, 2006 12:00am
Yen slips versus dollar and euro

Yen slips versus dollar and euro

The yen hit a three-week low versus the dollar and an 8-week trough against the euro on Monday as expectations grew Japanese investors would buy higher-yielding overseas assets at the start of the new financial year.
Published 04 Apr, 2006 12:00am
Sterling at eight-month low against euro

Sterling at eight-month low against euro

Sterling hit an 8-month low against the euro on Monday, as contrasting manufacturing growth data in Britain and in the eurozone reinforced the diverging rate outlooks that have recently kept the pound under pressure.
Published 04 Apr, 2006 12:00am
US and UK pile pressure on fractious Iraq leaders

US and UK pile pressure on fractious Iraq leaders

The United States and Britain piled pressure on Iraq's leaders on Monday to break their deadlock over a new government and prime minister as quickly as possible and to disband sectarian militias to avoid civil war.
Published 04 Apr, 2006 12:00am
US high court won't review Bush's terrorism powers

US high court won't review Bush's terrorism powers

A divided US Supreme Court declined on Monday to decide whether President George W. Bush has the power in the war on terrorism to order American citizens captured in the United States held in military jails without any criminal charges or a trial.
Published 04 Apr, 2006 12:00am
Arab literary giant dies

Arab literary giant dies

Syrian writer Mohammad al-Maghout, whose poems and plays fiercely criticised Arab regimes, died on Monday aged 72, the official news agency SANA said. "Syria and the Arab world lost a giant today," the agency said, adding that Maghout had died after a lon
Published 04 Apr, 2006 12:00am
German nuclear plant gets new locks after keys lost

German nuclear plant gets new locks after keys lost

German authorities are changing 150 locks at a nuclear power plant after its owner said they had lost keys to a security area, a ministry spokesman in the south western state of Baden-Wuerttemberg said on Monday.
Published 04 Apr, 2006 12:00am
Maoists announce indefinite cease-fire

Maoists announce indefinite cease-fire

Nepal's Maoist rebels announced an indefinite ceasefire in the capital and surrounding valley on Monday in response to a call by political parties, days before their nation-wide strike.
Published 04 Apr, 2006 12:00am
Plan to raise per acre yield on scientific lines prepared

Plan to raise per acre yield on scientific lines prepared

A strategy had been prepared for putting the agriculture sector on scientific lines and to introduce new agricultural technologies for increasing per acre yield of crops in Sialkot district, said District Nazim Muhammad Akmal Cheema.
Published 04 Apr, 2006 12:00am
Iran's case at UNSC

Iran's case at UNSC

The UN Security Council has passed a rather mild statement on Iran's nuclear programme, though not for lack of will on the part of the US and European members of the world body to take harsher measures.
Published 04 Apr, 2006 12:00am
Sugar price blame game

Sugar price blame game

All the guns have been directed by the analysts, commentators, mediamen and officials etc against the national sugar industry, accusing it as solely responsible for the recent rise in sugar prices. The aim appears, by and large, to protect the consumers'
Published 04 Apr, 2006 12:00am
Balochistan situation

Balochistan situation

Regretfully, with the dismemberment of Pakistan's eastern wing in 1972, we have not learnt any lesson from that national disaster and persist in calling firstly; Balochi, Punjabi, Sindhi, Pushtoon and Pakistani casually.
Published 04 Apr, 2006 12:00am
Auto industry

Auto industry

Please refer to the letter of N.A. Khan, published on March 27 in your newspaper regarding the auto industry, which is quite correct. Nowadays, Indus Motors and Honda are booking cars after taking 100 percent advance and the delivery of the car is made af
Published 04 Apr, 2006 12:00am
Plan initiated to combat tanneries pollution

Plan initiated to combat tanneries pollution

A multidimensional plan has been initiated aimed at combating with the threats of pollution caused by the setting up of ill-planned tanneries in and around Sialkot.
Published 04 Apr, 2006 12:00am
Five killed in road mishap

Five killed in road mishap

At least five persons have died and another 12 injured, four of them are serious when a van carrying circus fans collided with a parked trolley in a bid to overtake a truck near Jalalpur Pirwala town at 3am on Monday.
Published 04 Apr, 2006 12:00am
ADB approves $770 million for highways network projects

ADB approves $770 million for highways network projects

Asian Development Bank (ADB) has recently approved financing of 770 million dollars for the National Highway Development Sector Investment Programme (NHDSIP), which focuses on consolidating existing assets and providing linkages from the main road system
Published 04 Apr, 2006 12:00am
Declining to de-link export refinance and treasury bills' rates

Declining to de-link export refinance and treasury bills' rates

The statement by the State Bank Governor, Shamshad Akhtar that export refinance rate would not be brought down and would continue to remain linked to the Treasury Bills' rates needs to be welcomed by the serious policy analysts of the country.
Published 04 Apr, 2006 12:00am
Exports to US up by 13.2 percent in 2005

Exports to US up by 13.2 percent in 2005

During the year 2005, Pakistan exports to the United States increased by 13.2 per cent, totalling 3.3 billion dollars. In 2005, Pakistan imports of US goods were dollars 1.2 billion, 31.2 per cent lower than previous year. According to US official figures
Published 04 Apr, 2006 12:00am
Saarc expo in June

Saarc expo in June

After the successful culmination of Expo 2006 in Karachi the Export Promotion Bureau (EPB) was planning to organise another Expo of Saarc in June next. Director Corporate Affairs Export Promotion Bureau Irfan Nadeem told PTV that Expo 2006 greatly helped
Published 04 Apr, 2006 12:00am
Rs 1 billion released for Multan cardiology institute

Rs 1 billion released for Multan cardiology institute

Punjab Chief Minister Chaudhry Pervaiz Elahi has released one billion rupees for establishing the first ever cardiology institute, equipped with latest treatment facilities, in Multan.
Published 04 Apr, 2006 12:00am
Gas cylinder blast injures four

Gas cylinder blast injures four

At least four people injured seriously when a LPG cylinder exploded violently during the unauthorised refilling of the cylinders at Chungi No 6 Multan on Monday.
Published 04 Apr, 2006 12:00am
PML-N women activists stage rally

PML-N women activists stage rally

The women wing of Pakistan Muslim League-Nawaz on Monday staged a protest demonstration at Chowk Kutchery against the detention of Makhdoom Javed Hashmi, acting chief of PML, Khawaja Saad Rafiq and Zaeem Qadri and political detenus and demanded for their
Published 04 Apr, 2006 12:00am
European gold climbs to fresh 25-year high

European gold climbs to fresh 25-year high

Gold rebounded on Monday to reach a new 25-year high and target the next big level of $600 an ounce, with funds and investors positive about the outlook.
Published 04 Apr, 2006 12:00am
European gold climbs to fresh 25-year high

European gold climbs to fresh 25-year high

Gold rebounded on Monday to reach a new 25-year high and target the next big level of $600 an ounce, with funds and investors positive about the outlook.
Published 04 Apr, 2006 12:00am
European gold climbs to fresh 25-year high

European gold climbs to fresh 25-year high

Gold rebounded on Monday to reach a new 25-year high and target the next big level of $600 an ounce, with funds and investors positive about the outlook.
Published 04 Apr, 2006 12:00am
Autonomy for CBR: finance comments sought

Autonomy for CBR: finance comments sought

Prime Minister Shaukat Aziz has asked the finance ministry for its comments on the proposal to enhance financial and operational autonomy of the Central Board of Revenue (CBR) to implement the Tax Administration Reform Plan (TARP).
Published 04 Apr, 2006 12:00am
EU backs south-east Europe free trade pact in 2006

EU backs south-east Europe free trade pact in 2006

The European Union will give strong support to efforts by the continent's south-eastern countries, most of them in the Balkans, to sign a regional free trade deal this year, EU officials said on Monday.
Published 04 Apr, 2006 12:00am
Chavez wants 50-dollar oil: BBC interview

Chavez wants 50-dollar oil: BBC interview

Venezuelan President Hugo Chavez would like to see the price of crude at 50.0 dollars per barrel in the long term, according to a television interview with the BBC to be broadcast late Monday.
Published 04 Apr, 2006 12:00am
French new car sales down

French new car sales down

French new car sales fell 2.5 percent in March to 197,458 vehicles from a year ago, while sales of the Renault group dropped by 13.3 percent and those of PSA Peugeot Citroen rose by 0.7 percent.
Published 04 Apr, 2006 12:00am
AOR to lay $180 million white oil pipeline

AOR to lay $180 million white oil pipeline

Attock Oil Refinery (AOR) will lay down white oil pipeline from Machi, Lahore to Talu Jhapa, Peshawar at an estimated cost of 180 million dollars. The project will be completed within two years.
Published 04 Apr, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 03, 2006).

Published 04 Apr, 2006 12:00am
AOR to lay $180 million white oil pipeline

AOR to lay $180 million white oil pipeline

Attock Oil Refinery (AOR) will lay down white oil pipeline from Machi, Lahore to Talu Jhapa, Peshawar at an estimated cost of 180 million dollars. The project will be completed within two years.
Published 04 Apr, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 03, 2006).

Published 04 Apr, 2006 12:00am
AOR to lay $180 million white oil pipeline

AOR to lay $180 million white oil pipeline

Attock Oil Refinery (AOR) will lay down white oil pipeline from Machi, Lahore to Talu Jhapa, Peshawar at an estimated cost of 180 million dollars. The project will be completed within two years.
Published 04 Apr, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 03, 2006).

Published 04 Apr, 2006 12:00am
PSM Fund assigned 5-star rating

PSM Fund assigned 5-star rating

The Pakistan Credit Rating Agency (Pacra) has assigned a 5-Star fund rating (Category: Equity Fund) to Pakistan Stock Market Fund (PSM), which reflects a superior performance relative to its peers. The rating is a composite measure of two factors, namely
Published 04 Apr, 2006 12:00am
PSM Fund assigned 5-star rating

PSM Fund assigned 5-star rating

The Pakistan Credit Rating Agency (Pacra) has assigned a 5-Star fund rating (Category: Equity Fund) to Pakistan Stock Market Fund (PSM), which reflects a superior performance relative to its peers. The rating is a composite measure of two factors, namely
Published 04 Apr, 2006 12:00am
EDB submits budget proposals to CBR

EDB submits budget proposals to CBR

The Engineering Development Board has submitted budget proposals to the Central Board of Revenue (CBR) to encourage investment in the oil and gas sector and other industries.
Published 04 Apr, 2006 12:00am
Soldier killed in Balochistan

Soldier killed in Balochistan

A paramilitary mine clearance soldier was killed and two others injured on Monday in separate blasts in Balochistan, officials said. The soldier was critically wounded when he stepped on the landmine in Taraman village near Kohlu district and later died o
Published 04 Apr, 2006 12:00am
Soldier killed in Balochistan

Soldier killed in Balochistan

A paramilitary mine clearance soldier was killed and two others injured on Monday in separate blasts in Balochistan, officials said. The soldier was critically wounded when he stepped on the landmine in Taraman village near Kohlu district and later died o
Published 04 Apr, 2006 12:00am
TCP issues 50,000 tonnes sugar import tender

TCP issues 50,000 tonnes sugar import tender

Trading Corporation of Pakistan (TCP) on Monday issued a tender to buy 50,000 tonnes of white sugar, with shipment due in May and bids to be submitted by 0630 GMT on April 10, a company spokesman said.
Published 04 Apr, 2006 12:00am
Six percent sales tax levied on soyabean seed import

Six percent sales tax levied on soyabean seed import

The Central Board of Revenue (CBR) has levied sales tax, at the rate of 6 percent of the value, on soyabean seed import by solvent extraction industries. The levy is subject to the condition that no refund of 'input tax' shall be admissible to the solvent
Published 04 Apr, 2006 12:00am
Six percent sales tax levied on soyabean seed import

Six percent sales tax levied on soyabean seed import

The Central Board of Revenue (CBR) has levied sales tax, at the rate of 6 percent of the value, on soyabean seed import by solvent extraction industries. The levy is subject to the condition that no refund of 'input tax' shall be admissible to the solvent
Published 04 Apr, 2006 12:00am
Six percent sales tax levied on soyabean seed import

Six percent sales tax levied on soyabean seed import

The Central Board of Revenue (CBR) has levied sales tax, at the rate of 6 percent of the value, on soyabean seed import by solvent extraction industries. The levy is subject to the condition that no refund of ''input tax'' shall be admissible to the solve
Published 04 Apr, 2006 12:00am
Six percent sales tax levied on soyabean seed import

Six percent sales tax levied on soyabean seed import

The Central Board of Revenue (CBR) has levied sales tax, at the rate of 6 percent of the value, on soyabean seed import by solvent extraction industries. The levy is subject to the condition that no refund of ''''input tax'''' shall be admissible to the s
Published 04 Apr, 2006 12:00am
Nine US troops among 34 die in Iraq

Nine US troops among 34 die in Iraq

Thirty-four people including three US marines and a sailor were reported killed in Iraq on Monday. While five US Marines were killed in western Iraq on Sunday when their seven-tonne truck rolled over in a flash flood, the military said on Monday.
Published 04 Apr, 2006 12:00am
Nine US troops among 34 die in Iraq

Nine US troops among 34 die in Iraq

Thirty-four people including three US marines and a sailor were reported killed in Iraq on Monday. While five US Marines were killed in western Iraq on Sunday when their seven-tonne truck rolled over in a flash flood, the military said on Monday.
Published 04 Apr, 2006 12:00am
Musharraf reiterates support to Kashmiris

Musharraf reiterates support to Kashmiris

President General Pervez Musharraf has reiterated his resolve for the peaceful resolution of Kashmir dispute and said Pakistan would continue its moral, political and diplomatic support for the people of Kashmir.
Published 04 Apr, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Apr, 2006 12:00am
Musharraf reiterates support to Kashmiris

Musharraf reiterates support to Kashmiris

President General Pervez Musharraf has reiterated his resolve for the peaceful resolution of Kashmir dispute and said Pakistan would continue its moral, political and diplomatic support for the people of Kashmir.
Published 04 Apr, 2006 12:00am
Ten killed in road accident

Ten killed in road accident

Ten persons were killed and fifteen other injured in a collision between a van and truck on National Highway near Gharo on Monday. According to police report, ten persons including truck driver Nazar, van driver Abdul Qadir Khalifa, a minor girl Fatima, Q
Published 04 Apr, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (April 03, 2006).

Published 04 Apr, 2006 12:00am
Ten killed in road accident

Ten killed in road accident

Ten persons were killed and fifteen other injured in a collision between a van and truck on National Highway near Gharo on Monday. According to police report, ten persons including truck driver Nazar, van driver Abdul Qadir Khalifa, a minor girl Fatima, Q
Published 04 Apr, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Apr, 2006 12:00am
Female MPAs take oath as NWFP Assembly summoned

Female MPAs take oath as NWFP Assembly summoned

Two newly nominated female members of NWFP Assembly on Monday took oath during a hurriedly called NWFP assembly session summoned by Speaker Bakht Jehan Khan.
Published 04 Apr, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Apr, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Apr, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (April 03, 2006).

Published 04 Apr, 2006 12:00am
Traders invited to set up industries in Kyrgyzstan

Traders invited to set up industries in Kyrgyzstan

President, Chamber of Commerce and Industry of Kyrgyz Republic, Boris V Perfiliev, has invited Pakistan business community to establish industrial units in Kyrgyzstan.
Published 04 Apr, 2006 12:00am
UK University honoured

UK University honoured

The acting Director of International Centre for Chemical Sciences, University of Karachi, Professor Dr Muhammad Iqbal Chaudhry, has been offered membership of the International Advisory Panel (IAP) in the School of Chemistry, University of Bristol, Englan
Published 04 Apr, 2006 12:00am
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