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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-04-17
Range-bound activity on LSE

Range-bound activity on LSE

There was range-bound activity on local bourse, where equities painted a mixed picture and mostly remained directionless, due to Karachi's Nishtar Park tragic incident, however, the index finished the last week with a bullish note, gaining almost one-perc
Published 17 Apr, 2006 12:00am
Range-bound activity on LSE

Range-bound activity on LSE

There was range-bound activity on local bourse, where equities painted a mixed picture and mostly remained directionless, due to Karachi's Nishtar Park tragic incident, however, the index finished the last week with a bullish note, gaining almost one-perc
Published 17 Apr, 2006 12:00am
KSE leverage position at comfortable level

KSE leverage position at comfortable level

The leverage position at the Karachi Stock Exchange (KSE) was at comfortable side compared with a couple of years'''' average, despite the fact that the index has reached an all-time high level.
Published 17 Apr, 2006 12:00am
KSE leverage position at comfortable level

KSE leverage position at comfortable level

The leverage position at the Karachi Stock Exchange (KSE) was at comfortable side compared with a couple of years'' average, despite the fact that the index has reached an all-time high level.
Published 17 Apr, 2006 12:00am
KSE leverage position at comfortable level

KSE leverage position at comfortable level

The leverage position at the Karachi Stock Exchange (KSE) was at comfortable side compared with a couple of years' average, despite the fact that the index has reached an all-time high level.
Published 17 Apr, 2006 12:00am
KSE leverage position at comfortable level

KSE leverage position at comfortable level

The leverage position at the Karachi Stock Exchange (KSE) was at comfortable side compared with a couple of years' average, despite the fact that the index has reached an all-time high level.
Published 17 Apr, 2006 12:00am
Stock market capitalisation touches new high

Stock market capitalisation touches new high

The continuous boost in share prices last week helped the market capitalisation of Karachi Stock Exchange to touch the new all-time high level of $57.2 billion as inflows from the overseas and local financial institutions remained steady in oil, gas, text
Published 17 Apr, 2006 12:00am
Stock market capitalisation touches new high

Stock market capitalisation touches new high

The continuous boost in share prices last week helped the market capitalisation of Karachi Stock Exchange to touch the new all-time high level of $57.2 billion as inflows from the overseas and local financial institutions remained steady in oil, gas, text
Published 17 Apr, 2006 12:00am
Stock market capitalisation touches new high

Stock market capitalisation touches new high

The continuous boost in share prices last week helped the market capitalisation of Karachi Stock Exchange to touch the new all-time high level of $57.2 billion as inflows from the overseas and local financial institutions remained steady in oil, gas, text
Published 17 Apr, 2006 12:00am
HBL gets asset management services licence

HBL gets asset management services licence

HBL Asset Management Limited, a subsidiary of Habib Bank Limited, has been licensed by the Securities and Exchange Commission of Pakistan (SECP) for Investment Advisory and Asset Management Services.
Published 17 Apr, 2006 12:00am
HBL gets asset management services licence

HBL gets asset management services licence

HBL Asset Management Limited, a subsidiary of Habib Bank Limited, has been licensed by the Securities and Exchange Commission of Pakistan (SECP) for Investment Advisory and Asset Management Services.
Published 17 Apr, 2006 12:00am
HBL gets asset management services licence

HBL gets asset management services licence

HBL Asset Management Limited, a subsidiary of Habib Bank Limited, has been licensed by the Securities and Exchange Commission of Pakistan (SECP) for Investment Advisory and Asset Management Services.
Published 17 Apr, 2006 12:00am
HBL gets asset management services licence

HBL gets asset management services licence

HBL Asset Management Limited, a subsidiary of Habib Bank Limited, has been licensed by the Securities and Exchange Commission of Pakistan (SECP) for Investment Advisory and Asset Management Services.
Published 17 Apr, 2006 12:00am
Wullar Barrage talks open on April 18

Wullar Barrage talks open on April 18

The third phase of Pakistan-India talks on Wullar Barrage will open here on Tuesday (April 18). In the two-day talks the Pakistani delegation would be led by Water and Power Secretary Ishfaq Mahmood, whereas the Indian side would be headed by the Water Re
Published 17 Apr, 2006 12:00am
Zero sales tax non-availability: CBR issues another list of items

Zero sales tax non-availability: CBR issues another list of items

The sales tax zero-rating facility would not be available on the import of railway locomotives, tramway passenger coaches, tractors, tanks, armoured vehicles, helicopters, aircraft, station wagons, racing cars, dump trucks, warships, cruise ships, excursi
Published 17 Apr, 2006 12:00am
Zero sales tax non-availability: CBR issues another list of items

Zero sales tax non-availability: CBR issues another list of items

The sales tax zero-rating facility would not be available on the import of railway locomotives, tramway passenger coaches, tractors, tanks, armoured vehicles, helicopters, aircraft, station wagons, racing cars, dump trucks, warships, cruise ships, excursi
Published 17 Apr, 2006 12:00am
Zero sales tax non-availability: CBR issues another list of items

Zero sales tax non-availability: CBR issues another list of items

The sales tax zero-rating facility would not be available on the import of railway locomotives, tramway passenger coaches, tractors, tanks, armoured vehicles, helicopters, aircraft, station wagons, racing cars, dump trucks, warships, cruise ships, excursi
Published 17 Apr, 2006 12:00am
Zero sales tax non-availability: CBR issues another list of items

Zero sales tax non-availability: CBR issues another list of items

The sales tax zero-rating facility would not be available on the import of railway locomotives, tramway passenger coaches, tractors, tanks, armoured vehicles, helicopters, aircraft, station wagons, racing cars, dump trucks, warships, cruise ships, excursi
Published 17 Apr, 2006 12:00am
THE RUPEE: minor changes in currency market

THE RUPEE: minor changes in currency market

The disturbed law and order situation marred the business activity in the city last week and the currency market observed a shortened week. Under the circumstances, minor changes occurred in the kerb and interbank rates, dealers said.
Published 17 Apr, 2006 12:00am
THE RUPEE: minor changes in currency market

THE RUPEE: minor changes in currency market

The disturbed law and order situation marred the business activity in the city last week and the currency market observed a shortened week. Under the circumstances, minor changes occurred in the kerb and interbank rates, dealers said.
Published 17 Apr, 2006 12:00am
PSM sell-off: some questions yet to be answered

PSM sell-off: some questions yet to be answered

The privatisation process of Pakistan Steel Mills (PSM) still has some questions to be answered, the most important of which is that on what basis did the Cabinet Committee on Privatisation (CCoP) set the reference price at $348 million (Rs 16.18 per shar
Published 17 Apr, 2006 12:00am
PSM sell-off: some questions yet to be answered

PSM sell-off: some questions yet to be answered

The privatisation process of Pakistan Steel Mills (PSM) still has some questions to be answered, the most important of which is that on what basis did the Cabinet Committee on Privatisation (CCoP) set the reference price at $348 million (Rs 16.18 per shar
Published 17 Apr, 2006 12:00am
PSM sell-off: some questions yet to be answered

PSM sell-off: some questions yet to be answered

The privatisation process of Pakistan Steel Mills (PSM) still has some questions to be answered, the most important of which is that on what basis did the Cabinet Committee on Privatisation (CCoP) set the reference price at $348 million (Rs 16.18 per shar
Published 17 Apr, 2006 12:00am
25 killed in Afghan firefight

25 killed in Afghan firefight

Seven civilians were killed during a battle in eastern Afghanistan in which coalition forces used air support and artillery fire against suspected insurgents, the US military said on Sunday.
Published 17 Apr, 2006 12:00am
25 killed in Afghan firefight

25 killed in Afghan firefight

Seven civilians were killed during a battle in eastern Afghanistan in which coalition forces used air support and artillery fire against suspected insurgents, the US military said on Sunday.
Published 17 Apr, 2006 12:00am
41 killed as Iraqi parliament session cancelled

41 killed as Iraqi parliament session cancelled

Iraq's Shia leaders, divided over their choice for the next prime minister, cancelled a much-awaited parliament session on Sunday as insurgent attacks across the country left at least 41 people dead.
Published 17 Apr, 2006 12:00am
41 killed as Iraqi parliament session cancelled

41 killed as Iraqi parliament session cancelled

Iraq's Shia leaders, divided over their choice for the next prime minister, cancelled a much-awaited parliament session on Sunday as insurgent attacks across the country left at least 41 people dead.
Published 17 Apr, 2006 12:00am
Bird flu virus detected in farm near Capital

Bird flu virus detected in farm near Capital

Hopes for recovery of bird flu-hit poultry industry in Pakistan shattered on Sunday as the government confirmed a second outbreak of the deadly H5N1 strain at a farm near Islamabad.
Published 17 Apr, 2006 12:00am
Bird flu virus detected in farm near Capital

Bird flu virus detected in farm near Capital

Hopes for recovery of bird flu-hit poultry industry in Pakistan shattered on Sunday as the government confirmed a second outbreak of the deadly H5N1 strain at a farm near Islamabad.
Published 17 Apr, 2006 12:00am
Bird flu virus detected in farm near Capital

Bird flu virus detected in farm near Capital

Hopes for recovery of bird flu-hit poultry industry in Pakistan shattered on Sunday as the government confirmed a second outbreak of the deadly H5N1 strain at a farm near Islamabad.
Published 17 Apr, 2006 12:00am
Money market sees heavy discounting last week

Money market sees heavy discounting last week

The money market remained tight during last week and after little over six months it witnessed discounting in excess of Rs 114 billion where, contrary to expectations, no injection of liquidity surfaced from the central bank.
Published 17 Apr, 2006 12:00am
Money market sees heavy discounting last week

Money market sees heavy discounting last week

The money market remained tight during last week and after little over six months it witnessed discounting in excess of Rs 114 billion where, contrary to expectations, no injection of liquidity surfaced from the central bank.
Published 17 Apr, 2006 12:00am
Money market sees heavy discounting last week

Money market sees heavy discounting last week

The money market remained tight during last week and after little over six months it witnessed discounting in excess of Rs 114 billion where, contrary to expectations, no injection of liquidity surfaced from the central bank.
Published 17 Apr, 2006 12:00am
CAA to hold full scale drill on April 18

CAA to hold full scale drill on April 18

Civil Aviation Authority (CAA) will conduct a Full Scale Emergency Exercise on Tuesday (April 18) at Jinnah International Airport here to test the response of all concerned agencies involved in aircraft accident /incident as per Airport Accident Plan.
Published 17 Apr, 2006 12:00am
31 injured in Istanbul blast

31 injured in Istanbul blast

A bomb explosion on a busy pedestrian street on the outskirts of Istanbul wounded 31 people on Sunday, police said, in the latest violence to strike Turkey in recent weeks.
Published 17 Apr, 2006 12:00am
Iran warns US against attack

Iran warns US against attack

Iran again warned the United States on Sunday against attacking its nuclear facilities, saying that it has tens of thousands of would-be suicide bombers at the ready and can count on the support of militants across the region.
Published 17 Apr, 2006 12:00am
Severe liquidity crunch observed in interbank market

Severe liquidity crunch observed in interbank market

During the last week ended on April 15, severe liquidity crunch was witnessed in the interbank market. The State Bank of Pakistan had sent a clear message to the market that its stance on monetary policy remained unchanged.
Published 17 Apr, 2006 12:00am
Severe liquidity crunch observed in interbank market

Severe liquidity crunch observed in interbank market

During the last week ended on April 15, severe liquidity crunch was witnessed in the interbank market. The State Bank of Pakistan had sent a clear message to the market that its stance on monetary policy remained unchanged.
Published 17 Apr, 2006 12:00am
Severe liquidity crunch observed in interbank market

Severe liquidity crunch observed in interbank market

During the last week ended on April 15, severe liquidity crunch was witnessed in the interbank market. The State Bank of Pakistan had sent a clear message to the market that its stance on monetary policy remained unchanged.
Published 17 Apr, 2006 12:00am
Severe liquidity crunch observed in interbank market

Severe liquidity crunch observed in interbank market

During the last week ended on April 15, severe liquidity crunch was witnessed in the interbank market. The State Bank of Pakistan had sent a clear message to the market that its stance on monetary policy remained unchanged.
Published 17 Apr, 2006 12:00am
The Weather

The Weather

The weather report on Sunday (April 16) and the forecast for Monday (April 17, 2006).
Published 17 Apr, 2006 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 10 to 15, 2006).

Published 17 Apr, 2006 12:00am
KKI weekly review

KKI weekly review

Khanani & Kalia International (Pvt) Limited weekly review of currency notes on Sunday (April 16, 2006)
Published 17 Apr, 2006 12:00am
No substantial work done by farm marketing committees

No substantial work done by farm marketing committees

Agriculture is the mainstay of Pakistan's economy, accounting for over 23% of its Gross Domestic Product (GDP) employing about 50% of the labour force, and comprising about 70% of export earnings, including processed agricultural exports. Over the last tw
Published 17 Apr, 2006 12:00am
SZABIST Dubai campus to launch media science programme

SZABIST Dubai campus to launch media science programme

The Dubai campus of the Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) is all set to launch its Media Science Programme out of its facility in Dubai Knowledge Village.
Published 17 Apr, 2006 12:00am
Interbank signs agreement with Sysmax

Interbank signs agreement with Sysmax

Interbank and Sysmax Pvt Ltd have teamed up to sign an agreement, according to which Interbank will provide membership fee financing facility to prospective members of DA Country & Golf Club.
Published 17 Apr, 2006 12:00am
Philippines aspires to be Asian grain hub

Philippines aspires to be Asian grain hub

Alison Sy dreams of massive cargo ships docking at her automated grain handling facility in the northern Philippines after it opens in May or June. The grains port, the biggest of three such terminals in the country, has ambitions to become a transhipment
Published 17 Apr, 2006 12:00am
Pakistan's multi-biometric e-passport

Pakistan's multi-biometric e-passport

The predecessor to Pakistan's new passport will not be remembered for its security. Apart from being easy to forge, the document was issued manually, giving rise to considerable security risks.
Published 17 Apr, 2006 12:00am
Malaysia's investment arm in India phone bid

Malaysia's investment arm in India phone bid

The Malaysian government's investment arm is in talks to buy a stake in Idea Cellular, India's fifth-largest mobile operator, a financial weekly said.
Published 17 Apr, 2006 12:00am
Honda to produce diesel engines in Britain: Nikkei

Honda to produce diesel engines in Britain: Nikkei

Honda Motor Co Ltd plans to produce diesel engines in Britain to meet strong demand in Europe for fuel-efficient vehicles, a Japanese financial daily reported on Sunday.
Published 17 Apr, 2006 12:00am
Minister sees Japan's growth upgraded to over 2 percent

Minister sees Japan's growth upgraded to over 2 percent

Japanese Economics Minister Kaoru Yosano said on Sunday he expects the economy to post over 2 percent growth in the year ending next March, and the central bank likely expects such growth as well.
Published 17 Apr, 2006 12:00am
China blamed for Asian foreign exchange distortions

China blamed for Asian foreign exchange distortions

A decade ago, China was hailed Asia's saviour for stoutly defending its currency peg to the US dollar and containing the region's worst financial crisis. Today, it is accused of taking virtually all of Asia out of the global foreign exchange mechanism.
Published 17 Apr, 2006 12:00am
Eurozone inflation data set to confirm slowdown

Eurozone inflation data set to confirm slowdown

Economic indicators for the eurozone to be released this week are set to confirm that inflation slowed in March and that core inflation remains under control, economists said.
Published 17 Apr, 2006 12:00am
G7 powers to meet as oil prices smash new highs

G7 powers to meet as oil prices smash new highs

Finance ministers from the powerful G7 club of nations convene here this week to tackle headaches posed by surging oil prices and global currency rates as China's leader comes to town.
Published 17 Apr, 2006 12:00am
Oil frenzy fuels threats to global economic stability

Oil frenzy fuels threats to global economic stability

While western countries have so far managed to avoid recession despite a trebling of oil prices, economists fear the surge is fuelling imbalances in the world economy and increasing the threat of a financial crisis.
Published 17 Apr, 2006 12:00am
Chinese GDP grows 10.2 percent in first quarter

Chinese GDP grows 10.2 percent in first quarter

China's gross domestic product grew by 10.2 percent in the first quarter of this year on the back of fast-paced trade growth, Chinese President Hu Jintao said in a televised speech Sunday.
Published 17 Apr, 2006 12:00am
Pakistan can overtake India if win both ODIs in Abu Dhabi

Pakistan can overtake India if win both ODIs in Abu Dhabi

India's Mahendra Singh Dhoni has moved up to second place in the latest LG ICC Player Rankings for ODI batsmen while Rahul Dravid's side, which completed a 5-1 ODI series win over England in Indore on Saturday, has jumped two spots to third in the LG ICC
Published 17 Apr, 2006 12:00am
Oram century puts Kiwis ahead

Oram century puts Kiwis ahead

All-rounder Jacob Oram, playing in his first Test match in more than a year, took New Zealand into a first innings lead with a century on the second day of the first Test against South Africa at Centurion Park Sunday.
Published 17 Apr, 2006 12:00am
President Cup golf tournament from April 22

President Cup golf tournament from April 22

President of Pakistan cup Golf Tournament will be held at Rawalpindi Golf Club from 22 to 24 April. Besides players from all over the country, it will be participated by senior serving and retired officers.
Published 17 Apr, 2006 12:00am
Harmison doubtful for Lord's Test

Harmison doubtful for Lord's Test

England paceman Steve Harmison revealed Sunday that he is unlikely to be fit for next month's first Test against Sri Lanka at Lord's.
Published 17 Apr, 2006 12:00am
Pakistan tour helped me gain my confidence: Sreesanth

Pakistan tour helped me gain my confidence: Sreesanth

Kerala speedster Shantakumaran Sreesanth says the Pakistan tour earlier this year has boosted his confidence and transformed him as a bowler. "It has given me a lot of confidence. After the Pakistan tour, I started taking things differently," Sreesanth sa
Published 17 Apr, 2006 12:00am
Nadal wary before first clay outing

Nadal wary before first clay outing

French Open champion Rafael Nadal will step on to a clay court for the first time in seven months when he defends his Monte Carlo Masters crown next week. The Spanish world number two won nine titles on the surface last year but is making a late start to
Published 17 Apr, 2006 12:00am
Ochoa triumphs at LPGA Takefuji Classic

Ochoa triumphs at LPGA Takefuji Classic

Mexico's Lorena Ochoa didn't have to settle for second place on Saturday, posting a solid six-under 66 to complete a wire-to-wire victory in the LPGA Takefuji Classic.
Published 17 Apr, 2006 12:00am
India's Singh flies to victory at China Open

India's Singh flies to victory at China Open

India's Jeev Milkha Singh held his nerve to finally claim his first European Tour title with a one-shot victory at the co-sanctioned China Open on Sunday.
Published 17 Apr, 2006 12:00am
Tennis: Fish in final as Haas retires in Houston

Tennis: Fish in final as Haas retires in Houston

American wild card Mardy Fish advanced to the final of the US Clay Court Championships on Saturday after fifth seed Tommy Haas was forced to retire from their semi-final with an injured wrist.
Published 17 Apr, 2006 12:00am
Iceland tops Internet broadband league

Iceland tops Internet broadband league

Iceland had the highest concentration of broadband Internet users in 2005, but the United States still leads in absolute numbers, a survey showed on April 12.
Published 17 Apr, 2006 12:00am
Sprint unveils mobile child locator service

Sprint unveils mobile child locator service

Sprint Nextel Corp, the No 3 US mobile service, plans on April 13 to introduce a wireless service to help parents find their children as it makes a bid to expand its presence in the family market.
Published 17 Apr, 2006 12:00am
Fujitsu to launch PCs with advanced disc drives

Fujitsu to launch PCs with advanced disc drives

Fujitsu Ltd said on April 11, it would launch desktop personal computers equipped with Blu-ray disc drives in June in Japan, becoming the first company to release PCs compatible with the next-generation optical discs.
Published 17 Apr, 2006 12:00am
RIM programme is a risk to BlackBerry sales

RIM programme is a risk to BlackBerry sales

A Research In Motion Ltd programme to license its wireless e-mail software for devices other than its own BlackBerry could hurt RIM's business, an analyst said on April 12.
Published 17 Apr, 2006 12:00am
Brazil woos Japan technological ties in return for TV format

Brazil woos Japan technological ties in return for TV format

Brazil is seeking advanced technological ties with Japan, including construction of a microchip plant in Latin America's largest country, in return for possible adoption of the Japanese terrestrial digital TV standard, Foreign Minister Celso Amorim said o
Published 17 Apr, 2006 12:00am
Google offers free Web calendar service

Google offers free Web calendar service

Google Inc is introducing on April 12, a free Web calendar service for consumers to schedule events and share them with others, opening a new level of competition with rivals such as Yahoo Inc and Microsoft Corp.
Published 17 Apr, 2006 12:00am
Nokia gets radio network contract

Nokia gets radio network contract

Nokia has won a radio network contract from Warid Telecom for the company's greenfield operations in Bangladesh. A statement issued here on April 12 said that the contract marks a new customer for Nokia in one of the world's fastest-growing mobile markets
Published 17 Apr, 2006 12:00am
Phone firm plans free broadband

Phone firm plans free broadband

A fast-growing number of firms now offer broadband connections. Mobile phone retailer Carphone Warehouse is expected to announce the launch of a free broadband service soon.
Published 17 Apr, 2006 12:00am
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