News Archives for Print - 2006-04-28

Print - 2006-04-28

New York cotton futures soften

Cotton futures settled softly Thursday due to steady speculative and options-related sales as weakness in other commodities weighed on fiber contracts, brokers said.

Published 28 Apr, 2006 12:00am

London sugar steadies

London white sugar futures closed little changed on Thursday, rebounding from earlier losses as they tracked a recovery in other commodity markets, dealers said.

Published 28 Apr, 2006 12:00am

Base metals decline

London Metal Exchange (LME) base metals closed lower after a volatile trading day on interest rates news flow and supply woes, dealers said.

Published 28 Apr, 2006 12:00am

Gold volatile in Europe

Gold-bugs had a rocky ride in Europe on Thursday, with the market swinging wildly lower when China raised interest rates only for fresh dollar woes to ignite a smart rally, traders said.

Published 28 Apr, 2006 12:00am

US MIDDAY: cocoa dips

US cocoa futures wilted just over 1 percent Thursday as flagging bean values in London prompted speculators to bank profits from this week's three-week peak in the July contract, traders said.

Published 28 Apr, 2006 12:00am

US MIDDAY: coffee slides

Benchmark arabica coffee futures fell 3 percent to a two-week low Thursday, dragged down by light producer selling and speculative liquidation, market sources said.

Published 28 Apr, 2006 12:00am

Raw sugar futures finished mostly lower Thursday by players engaged in last-minute liquidation of positions in the spot contract before it goes off the board at the close of business tomorrow, brokers said.

Published 28 Apr, 2006 12:00am

US MIDDAY: wheat lower

Wheat futures at the Chicago Board of Trade fell to three-week lows early on Thursday, following the Kansas City market on forecasts for rain in the US Plains late this week, traders said.

Published 28 Apr, 2006 12:00am

US MIDDAY: corn volatile

Corn futures at the Chicago Board of Trade were weak early on Thursday amid spillover selling from a sharp drop in wheat futures, traders and analysts said.

Published 28 Apr, 2006 12:00am

US MIDDAY: copper mixed

US copper futures rebounded from early weakness Thursday as the market digested China's decision to raise interest rates and traders took advantage of the early sell-off by buying on the dip, sources said.

Published 28 Apr, 2006 12:00am

US MIDDAY: soyabeans weak

Soyabean futures at the Chicago Board of Trade were lower by midday Thursday, but came off their lows as soyaoil rallied, traders said.

Published 28 Apr, 2006 12:00am

US MIDDAY: silver and gold higher

Silver and other precious metals futures rebounded in choppy trading on Thursday after US regulators approved the first silver-backed security that traders expected would hoist investment demand.

Published 28 Apr, 2006 12:00am

Partly Facetious: wait for comic relief...old habits die hard

"Why would they take Sheikh Sahib of the Disinformation fame and give him the Railways portfolio, I mean the guy had made himself really and truly relevant by providing comic relief to the people of this country through his statements..."

Published 28 Apr, 2006 12:00am

Eight of a family killed in accident

Eight persons of a family including four brothers, sister and mother have lost their lives while seven others sustained injuries when their van rammed into a truck on Indus Highway near Manjhand district Jamshoro early on Thursday morning.

Published 28 Apr, 2006 12:00am

Eight of a family killed in accident

Published 28 Apr, 2006 12:00am

WFP special ambassador visits quake-hit areas

Special Ambassador for World Food Programme (WFP) Abdul Aziz Alrukban who arrived for a brief visit to the quake ravaged area of Muzaffarabad on Thursday visited the skill development center at Nurual in the NRSP compound.

Published 28 Apr, 2006 12:00am

Relief for students

The University of Karachi is an educational centre where students from all over Pakistan as also from abroad, come to take higher studies. There is no doubt that the degree of the University Of Karachi is recognised all over the world.

Published 28 Apr, 2006 12:00am

4/11 tragedy - a few aspects

After 4/11 tragedy at the Nishtar Park, Karachi, complete strike was observed on the 12th April, 2006 throughout the country, including Karachi. This was a voluntary strike without any call from any religious wizard.

Published 28 Apr, 2006 12:00am

Nuclear power emerges as lowest cost option for global nations

When reactor number four at the Chernobyl nuclear power plant in Ukraine exploded on April 26, 1986, spewing radioactive dust over much of Europe, many people believed the disaster sounded the death knell for nuclear power.

Published 28 Apr, 2006 12:00am

Troops gone but Syria a lifeline for Lebanon border

Ghazi al-Ali is Lebanese, but his 15 children go to school in Syria. His mobile phone is Syrian. He buys food and fuel from Syria. He has a Syrian wife and a photo of the Syrian president in his house.

Published 28 Apr, 2006 12:00am

Protecting intellectual property rights

Intellectual property rights (IPRs) give the owners of ideas, inventions and creative expression the right to exclude others from access to or use of their property without the creators' permission or payment of royalty.

Published 28 Apr, 2006 12:00am

Cabinet reshuffle: More the merrier

In Tuesday's reshuffle of the federal cabinet the portfolios of five ministers were changed and two new ones - political affairs and minorities affairs - were created. Six new ministers and three ministers of state also took oath of office. Five of the si

Published 28 Apr, 2006 12:00am

Oil worries

Officials and experts attending the recent IMF and World Bank spring meetings in Washington DC were upbeat about the current health of the world economy but showed a great deal of concern about the rising oil prices.

Published 28 Apr, 2006 12:00am

Killing of driver: PPPP files adjournment motion

Pakistan Peoples' Party Parliamentarians on Thursday filed an adjournment motion with the National Assembly Secretariat, seeking debate over the 'killing' of a driver at a Motorway toll plaza near Kamalpur.

Published 28 Apr, 2006 12:00am

PPP to observe May Day

Pakistan People's Party has planned to observe the May Day with enthusiasm and it has decided to set up protest camps against unemployment, poverty, exploitation, corruption and injustice from May Ist to 7 in Punjab on the call of PPP Chairperson Benazir

Published 28 Apr, 2006 12:00am

Pakistani scientist elected ABA president

A renowned Pakistani scientist, Professor Dr Talat Naseer Pasha, Dean, faculty of Animal Production and Technology, University of Veterinary and Animal Sciences, Lahore in recognition of his landmark achievements has been elected as President Asian Buffal

Published 28 Apr, 2006 12:00am

Micro credit disbursement increases by 134 percent

Micro credit disbursement increased by 134 percent to Rs 2 billion during the second quarter of year 2005-06 as compared to the same period of 2004-05.

Published 28 Apr, 2006 12:00am

Wheat and cotton crops remain short of targets

The crops of wheat, cotton and sugarcane in the country have remained short of their targets this year, as revealed the report of Ministry of Food and Agriculture and Livestock, but the agriculture experts gave different figures.

Published 28 Apr, 2006 12:00am

Rs 2.5 million wheat crop burnt

Wheat crop, spreading over 105 acres of land, has been burnt to ashes, causing Rs 2.5 million loss to the farmer in village Gukkar in the jurisdiction of Head Marala police station.

Published 28 Apr, 2006 12:00am

'PIA provides all out facilities to exporters'

Pakistan International Airlines (PIA) is providing all out facilities to the exporters, particularly exporters of perishable goods, and airlifted 48,000 tonnes of goods during last year.

Published 28 Apr, 2006 12:00am

Prayer leader gunned down

Some unidentified persons gunned down an prayer leader of a local mosque for unknown reasons in the jurisdiction of Lalian police station, Jhang district.

Published 28 Apr, 2006 12:00am

Inflation rate cut by 3 percent in 9 months: CBR chairman

Central Board of Revenue (CBR) Chairman Abdullah Yusaf said that inflation rate in the country had been cut down by 3 percent during the current financial year.

Published 28 Apr, 2006 12:00am

Nokia to set up telecom expertise centre

Nokia, the world leading mobile manufactures, attaches great importance to Pakistan due to its large population and growing economy - the factors that qualifies the country for being a lucrative destination for foreign investors, a top official of the com

Published 28 Apr, 2006 12:00am

The Weather

The weather report on Thursday (April 27, 2006) and the forecast for Friday (April 28, 2006).

Published 28 Apr, 2006 12:00am

Government urged to revoke ban on wheat export

Like zero-rate wheat import, farmers associations and progressive growers have urged the government to lift ban on wheat export. The Farmers Association of Pakistan (FAP) said that international wheat prices had increased because of low production of the

Published 28 Apr, 2006 12:00am

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 28 Apr, 2006 12:00am

Nestle earns Rs 464 million net profit in first quarter

Nestle Pakistan Ltd, has earned Rs464 million net profit for the first quarter of 2006, as against Rs421 million of same period of the year 2005, posting a rise of 10percent.

Published 28 Apr, 2006 12:00am

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 28 Apr, 2006 12:00am

Nestle earns Rs 464 million net profit in first quarter

Nestle Pakistan Ltd, has earned Rs464 million net profit for the first quarter of 2006, as against Rs421 million of same period of the year 2005, posting a rise of 10percent.

Published 28 Apr, 2006 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

Pakistan and China land cargo service from May

Pakistan and China have decided to launch cargo service through land route by next month. Well placed sources in the Communication Ministry told Business Recorder on Wednesday that all necessary arrangements had been made to start import/export goo

Published 28 Apr, 2006 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

Transfers and postings

The Central Board of Revenue (CBR) has transferred and posted three officials of income tax group with immediate effect. Dr Ikram Ghani, Inspecting Additional Commissioner (IAC), Northern Region, Islamabad has been transferred and posted as Secretary, CBR

Published 28 Apr, 2006 12:00am

Key stock and currency market movements at 1700 GMT on April 27

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 28 Apr, 2006 12:00am

Ikebana show at Hamdard University

A demonstration of Ikebana by Professor Asifa Ataka was held at the Hamdard University here, says a statement on Thursday. It said the event was held under the auspices of the Directorate of Student/External Affairs of Hamdard University.

Published 28 Apr, 2006 12:00am

LME plastic prices

LME plastic prices on Wednesday.

Published 28 Apr, 2006 12:00am

10 new CNG buses in city next month

The City District Government Karachi (CDGK) will introduce around 10 new CNG buses next month in the metropolis, while 300 CNG buses are planned to be inducted next year.

Published 28 Apr, 2006 12:00am

LME plastic prices

LME plastic prices on Wednesday.

Published 28 Apr, 2006 12:00am

Saudi Pak Bank launching awareness programme

As an extension of its product awareness programme for the 'Top Gear' auto financing product, Saudi Pak Bank will launch a 20-feet long trailer with entertainers that will go on a long tour covering all major areas of Karachi, Lahore, Islamabad and Rawalp

Published 28 Apr, 2006 12:00am

LME official prices

LME official prices on Wednesday.

Published 28 Apr, 2006 12:00am

Bosicor to set up 14 petrol pumps

Bosicor Pakistan Limited, the country's fifth crude oil refinery, is poised to set up 14 petrol pumps for establishing a foothold in the lucrative petroleum marketing segment of the oil industry.

Published 28 Apr, 2006 12:00am

LME official prices

LME official prices on Wednesday.

Published 28 Apr, 2006 12:00am

Nisar opposes 15 percent GST on software export

Sharply reacting to the Central Board of Revenue's reported move to impose 15 percent GST on software exports the Chairman Senate Standing Committee on Defence and member Standing Committee on Finance, Senator Nisar Ahmed Memon said he will fully oppose a

Published 28 Apr, 2006 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

Nisar opposes 15 percent GST on software export

Published 28 Apr, 2006 12:00am

Poultry rates

Wholesale poultry rates on Thursday (April 27, 2006) and for Frday (April 28, 2006).

Published 28 Apr, 2006 12:00am

KWSB directed to ensure water supply

City Nazim Syed Mustafa Kamal on Thursday took a serious notice of the public complaints regarding shortage of water supply, and directed the Karachi Water and Sewerage Broad (KSWB) to ensure the water supply in the metropolis.

Published 28 Apr, 2006 12:00am

Multan commodities market rates

Commodities market rates in rupees on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

IGATEX remains a centre of visitors' interest

The fifth Textile Machinery & Accessories Exhibition, IGATEX Pakistan 2006, even on its second day, remained the centre of the visitors' interest. Key officials, professionals and industry leaders at the exhibition witnessed the on-site machinery display.

Published 28 Apr, 2006 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

Speakers call to replace outdated education system

Speakers at the seminar on Thursday stressed the need for bringing a holistic change in the education sector to replace the old and outdated education system with new advanced methodologies of teaching.

Published 28 Apr, 2006 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

Conference on Sindh from April 29

An International Conference on 'Sindh: Past, Present and Future' will commence in the metropolis from April 29. The four-day moot is being held under the auspices of the Department of Sindhi, University of Karachi, Shah Abdul Latif Chair and the Institute

Published 28 Apr, 2006 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

11,000 teachers to be recruited in Punjab soon

Punjab Public Accounts Committee Chairman Asif Saeed Manais has said that 11,000 graduate and post-graduate teachers will be recruited on contract soon in every district of the province.

Published 28 Apr, 2006 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

Seminar

Employees Federation of Pakistan is holding a seminar on 'Occupational Safety and Health' to mark the International Day on Safety and Health on Friday at a local hotel.

Published 28 Apr, 2006 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

Call to develop new water-saving technologies

Correct planting of crops and efficient irrigation systems can reduce irrigation water use by 50 to 70 percent and overall water consumption by up to 25 percent.

Published 28 Apr, 2006 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

Musharraf's dam plan hailed

Balochistan Chief Minister Jam Mohamamd Yousuf has welcomed the decision by President Pervez Musharraf regarding the construction of all big water reservoirs, including Kalabagh dam as bold and timely step in the best interest of the country.

Published 28 Apr, 2006 12:00am

THE RUPEE: modest recovery against dollar

The rupee gave up it's overnight weakness on Thursday in the interbank market, picking up two paisa for buying at 60.03 and slid three paisa for selling at 60.05, dealers said.

Published 28 Apr, 2006 12:00am

'Musharraf fulfils Bhasha Dam promise'

Inaugurating the 6.4 billion-dollar mega Bhasha-Diamir Dam project, President General Pervez Musharraf has fulfilled another promise made with the nation, said Federal Minister for Political Affairs Engineer Amir Muqam on Thursday.

Published 28 Apr, 2006 12:00am

THE RUPEE: modest recovery against dollar

The rupee gave up it's overnight weakness on Thursday in the interbank market, picking up two paisa for buying at 60.03 and slid three paisa for selling at 60.05, dealers said.

Published 28 Apr, 2006 12:00am

'Dams are cheaper source of electricity'

Dams are a source of low cost electricity and by constructing more dams, Pakistan' s industry can compete at the international level. Former GM Tarbela Dam Hassam-ud-Din Bangash said this on Thursday.

Published 28 Apr, 2006 12:00am

Insurance: EFU GENERAL INSURANCE LIMITED - Year Ended December 31 2005

The year under review saw highest annual growth in the company's Written Premium in the insurance history in Pakistan. Net Premium Revenue increased by 52.3 percent to Rs 3.862 billion (2004: Rs 2.536 billion). The overall claim ratio (ie claims as a perc

Published 28 Apr, 2006 12:00am

EPB holds seminar on 'next industrial revolution'

Outsourcing and contract manufacturing of electronic products and equipment could be the main tools for next industrial revolution in the country.

Published 28 Apr, 2006 12:00am

Insurance: EFU GENERAL INSURANCE LIMITED - Year Ended December 31 2005

Published 28 Apr, 2006 12:00am

Body to suggest reduction in cost of doing business: Federal textile board meets

A committee comprising textile manufacturers and exporters has been constituted to develop recommendations for reducing cost of doing business in textile and clothing sector by May 8, 2006.

Published 28 Apr, 2006 12:00am

All shares index report

The sector-wise all shares index report on Thursday (April 27, 2006).

Published 28 Apr, 2006 12:00am

NBP plans to launch various financial products

The National Bank of Pakistan (NBP) is planning to launch various financial products in dairy, livestock, gold financing and insurance sector, President NBP Syed Ali Raza stated here on Thursday.

Published 28 Apr, 2006 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on Friday (April 28, 2006).

Published 28 Apr, 2006 12:00am

'Strong political parties vital for democracy'

Leaders of five mainstream political parties want to strengthen political parties for stability of democracy and development of the country.

Published 28 Apr, 2006 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on Friday (April 28, 2006).

Published 28 Apr, 2006 12:00am

'Corporates can do immense good to societies'

National Forum for Environment and Health (NFEH) organised a day long National Conference on Corporate Social Responsibility (CSR) under the theme 'Human Face of Business' here recently at local hotel.

Published 28 Apr, 2006 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on Friday (April 28, 2006).

Published 28 Apr, 2006 12:00am

Government to allocate Rs 100 billion for education reform

The government will allocate Rs 100 billion for 'President Education Sector Reforms Project' for establishing primary schools, maintenance of buildings and provision of missing facilities, said Federal Minister for Education, Javed Ashraf Qazi on Thursday

Published 28 Apr, 2006 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 25	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 25 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 25 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 25 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 25 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 25 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 25 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 25 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 25 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 25 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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