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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-05-22
THE RUPEE: erratic movement in money market

THE RUPEE: erratic movement in money market

Erratic movement was witnessed in the currency market last week as the high demand for dollars forced the rupee to surrender its previous week's gains versus the US currency, money market experts said.
Published 22 May, 2006 12:00am
THE RUPEE: erratic movement in money market

THE RUPEE: erratic movement in money market

Erratic movement was witnessed in the currency market last week as the high demand for dollars forced the rupee to surrender its previous week's gains versus the US currency, money market experts said.
Published 22 May, 2006 12:00am
10 percent more PSDP funds utilised in fiscal year 2006

10 percent more PSDP funds utilised in fiscal year 2006

There has been a 10 percent improvement in fund utilisation under the Public Sector Development Programme (PSDP) in FY06. As against 63 percent utilisation up till April 2005, the utilisation in the corresponding period this year has been 73 percent.
Published 22 May, 2006 12:00am
10 percent more PSDP funds utilised in fiscal year 2006

10 percent more PSDP funds utilised in fiscal year 2006

There has been a 10 percent improvement in fund utilisation under the Public Sector Development Programme (PSDP) in FY06. As against 63 percent utilisation up till April 2005, the utilisation in the corresponding period this year has been 73 percent.
Published 22 May, 2006 12:00am
10 percent more PSDP funds utilised in fiscal year 2006

10 percent more PSDP funds utilised in fiscal year 2006

There has been a 10 percent improvement in fund utilisation under the Public Sector Development Programme (PSDP) in FY06. As against 63 percent utilisation up till April 2005, the utilisation in the corresponding period this year has been 73 percent.
Published 22 May, 2006 12:00am
One killed and nine hurt in Balochistan

One killed and nine hurt in Balochistan

One man was killed in a landmine explosion, while nine people, including four policemen, were wounded in a bomb blast in Balochistan on Sunday, officials said.
Published 22 May, 2006 12:00am
One killed and nine hurt in Balochistan

One killed and nine hurt in Balochistan

One man was killed in a landmine explosion, while nine people, including four policemen, were wounded in a bomb blast in Balochistan on Sunday, officials said.
Published 22 May, 2006 12:00am
Musharraf inaugurates K-III water project

Musharraf inaugurates K-III water project

President Pervez Musharraf said here on Sunday that now when the country''s economy has stabilised on strong footing it was now poised to focus on three important issues, viz, poverty alleviation, jobs creation, and control on inflation.
Published 22 May, 2006 12:00am
Musharraf inaugurates K-III water project

Musharraf inaugurates K-III water project

President Pervez Musharraf said here on Sunday that now when the country's economy has stabilised on strong footing it was now poised to focus on three important issues, viz, poverty alleviation, jobs creation, and control on inflation.
Published 22 May, 2006 12:00am
Musharraf inaugurates K-III water project

Musharraf inaugurates K-III water project

President Pervez Musharraf said here on Sunday that now when the country's economy has stabilised on strong footing it was now poised to focus on three important issues, viz, poverty alleviation, jobs creation, and control on inflation.
Published 22 May, 2006 12:00am
The Weather

The Weather

The weather report on Sunday (May 21, 2006) and the forecast for Monday (May 22, 2006).
Published 22 May, 2006 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 15 to 20, 2006).

Published 22 May, 2006 12:00am
KKI weekly review

KKI weekly review

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Sunday (May 21, 2006).

Published 22 May, 2006 12:00am
Sachin injuries taking toll: Arun Lal

Sachin injuries taking toll: Arun Lal

Sachin Tendulkar may never again be the dominant player he once was, according to former Test batsman Arun Lal. Tendulkar is hoping to be named in the squad for the forthcoming Test series in the West Indies. But that may depend on the outcome of a check-
Published 22 May, 2006 12:00am
Martina Hingis renews her winning habit

Martina Hingis renews her winning habit

Martina Hingis capped her remarkable return to tennis after a three-year retirement as she overcame late resistance from Dinara Safina to win the Rome Masters 6-2, 7-5 here Sunday.
Published 22 May, 2006 12:00am
Harmison left to wait by England

Harmison left to wait by England

England chose not to recall Stephen Harmison when they named a 12-man squad here Sunday for next week's second Test against Sri Lanka.
Published 22 May, 2006 12:00am
Pampling and Herron share lead at PGA Colonial

Pampling and Herron share lead at PGA Colonial

Australian Rod Pampling rallied from an opening bogey for a par-70 here Saturday to match American Tim Herron for the lead after the third round of the six million-dollar PGA Colonial event.
Published 22 May, 2006 12:00am
Dravid looks on bright side of life despite narrow defeat

Dravid looks on bright side of life despite narrow defeat

India's captain Rahul Dravid admitted that Saturday's dramatic one-run defeat to West Indies hurt in the second One-day International, but there was plenty for his side to gain from the experience.
Published 22 May, 2006 12:00am
Learn from this thrilling win: Lara

Learn from this thrilling win: Lara

West Indies captain Brian Lara wants his side to learn from their sensational one-run victory in the second One-day International against India on Saturday at Sabina Park for future use in tight matches.
Published 22 May, 2006 12:00am
Bravo goes from zero to hero as West Indies win

Bravo goes from zero to hero as West Indies win

Dwayne Bravo admits that being entrusted with the final over of Saturday's second One-day International between West Indies and India at Sabina Park was daunting.
Published 22 May, 2006 12:00am
Spain's forgotten man overwhelms Stepanek

Spain's forgotten man overwhelms Stepanek

Tommy Robredo, so often the forgotten man amongst the bevy of great Spanish players, at last emerged from the shadows to win a major title here on Sunday.
Published 22 May, 2006 12:00am
Beware of moles on your back

Beware of moles on your back

Doctors have accused men of being complacent over skin cancer after it emerged that the disease now claims more male victims than female.
Published 22 May, 2006 12:00am
Beat the heat stroke

Beat the heat stroke

Summer time brings with it tall icy drinks and light playful clothes but when the heat is on, there is no respite. The season also brings with it, the scorching summer sun that can give you more than just a tan.
Published 22 May, 2006 12:00am
Absence of care can cause fatal heat strokes

Absence of care can cause fatal heat strokes

Medical experts have warned of heat stroke or Sun stroke which can cause instant death during the scorching summer if preventive measures are not adopted.
Published 22 May, 2006 12:00am
Working mothers, healthier than housewives

Working mothers, healthier than housewives

Working mothers who play multiple roles in life could be healthier than women who had been homemakers for all or most of their lives and had not held a job.
Published 22 May, 2006 12:00am
Internet addiction can harm lives and marriages

Internet addiction can harm lives and marriages

For some, the Internet it has become an addiction, adversely affecting their lives and their family's lives. While not yet defined as a true addiction, many people are suffering the consequences of obsession with the online world, warns Dr Diane M. Wielan
Published 22 May, 2006 12:00am
Transport a black spot for global warming: UN

Transport a black spot for global warming: UN

Transport is the worst offender for releasing greenhouse gases into the atmosphere and governments must do more to cut emissions from cars and trucks, the UN's climate change chief said on May 17.
Published 22 May, 2006 12:00am
HEALTH UPDATE: when vitamins combat Age-related blindness

HEALTH UPDATE: when vitamins combat Age-related blindness

Hundreds of thousand of people could benefit from vitamin supplements shown to help prevent macular degeneration, a condition that is the leading cause of blindness from age 65, a study said on May 15.
Published 22 May, 2006 12:00am
HEALTH UPDATE: fish oil can boost study performance

HEALTH UPDATE: fish oil can boost study performance

Omega 3 fatty acids derived from fish oil can boost the study performance of students, says a study. Scientists led by Amanda Kirby, from the University of Wales, and other researchers gave 184 children in a Lancashire secondary school chewable capsules c
Published 22 May, 2006 12:00am
Hewlett-Packard consolidating data centres

Hewlett-Packard consolidating data centres

Hewlett-Packard Co recently said it would consolidate 85 data centres around the world into six large facilities in the United States, hoping to save $1 billion annually in coming years.
Published 22 May, 2006 12:00am
Web search sites give new ways to find results

Web search sites give new ways to find results

For information seekers, the days of culling Web search pages, ten machine-generated hyperlinks at a time, may be numbered. Yahoo Inc takes the next step to realise its vision of combining human advice with machine automation to offer more relevant ways o
Published 22 May, 2006 12:00am
Apple suit seen hurting Creative in long run

Apple suit seen hurting Creative in long run

MP3 music player maker Creative's US patent lawsuit against Apple has boosted the loss-making Singapore firm's shares, but analysts fear it will disrupt management turnaround efforts.
Published 22 May, 2006 12:00am
Sony to launch world's first Blu-ray notebook PC

Sony to launch world's first Blu-ray notebook PC

Sony Corp said on May 16, it would launch the world's first notebook personal computer equipped with a next-generation Blu-ray optical disk drive in Japan in June.
Published 22 May, 2006 12:00am
IBM shatters tape storage record

IBM shatters tape storage record

IBM scientists have found a way to cram unprecedented amounts of information onto magnetic tapes in a breakthrough it heralded May 16, as a data-storing boon to businesses for years to come.
Published 22 May, 2006 12:00am
Nokia launches Google Talk on Web tablet

Nokia launches Google Talk on Web tablet

Nokia, the world's biggest mobile phone maker, unveiled a new version of its Internet tablet device running Google Talk communications software on May 16.
Published 22 May, 2006 12:00am
Silicon Valley backs US wireless broadband plan

Silicon Valley backs US wireless broadband plan

Three Silicon Valley venture capital firms are backing a project to grab a slice of valuable US wireless airwaves to offer nation-wide high-speed Internet service, according to a recent regulatory filing.
Published 22 May, 2006 12:00am
Samsung expects strong memory chip demand

Samsung expects strong memory chip demand

Samsung Electronics Co Ltd, the world's top maker of memory chips, expects stronger demand for computer memory chips in the second half of this year and sees NAND flash chip prices strengthening.
Published 22 May, 2006 12:00am
Orange to launch new 3G service in France

Orange to launch new 3G service in France

Orange is to launch its next generation of high-speed mobile services by September for businesses and in time for Christmas for retail consumers in an effort to boost demand for video, music and other digital content.
Published 22 May, 2006 12:00am
Japan March mobile phone shipments up

Japan March mobile phone shipments up

Mobile phone shipments in Japan rose 27.7 percent in March from a year earlier due to a surge in sales of handsets that work on high-speed third-generation (3G) networks, an industry group said on May 17.
Published 22 May, 2006 12:00am
Yahoo home page gives prominence to search box

Yahoo home page gives prominence to search box

Yahoo Inc on May 16 launched a redesign of its popular Internet home page at www.yahoo.com, displaying a more prominent section for Web searches and reconfiguring its display menu.
Published 22 May, 2006 12:00am
In Short: AMD launches dual-core chip for laptops

In Short: AMD launches dual-core chip for laptops

Advanced Micro Devices Inc on May 16 unveiled a dual-core microchip for laptop computers, giving the company an answer to similar mobile products from larger rival Intel Corp.
Published 22 May, 2006 12:00am
Banks outsource product design to focus on sales

Banks outsource product design to focus on sales

Private banks are increasingly leaving the costly engineering of complex financial products to others, while they put greater effort into advising and selling to their wealthy clients, industry experts say.
Published 22 May, 2006 12:00am
US Realtors press for ban on banks in real estate

US Realtors press for ban on banks in real estate

The National Association of Realtors on May 17, said it would press for a "permanent ban" on banks entering real estate, and that it had convinced some in Congress that recent decisions by a US regulator allowing banks to invest in some commercial develop
Published 22 May, 2006 12:00am
Gulf must guard financial zones from dirty money: UN

Gulf must guard financial zones from dirty money: UN

Gulf Arab countries must boost regional law enforcement to protect their newly launched financial centres, which may be prone to money laundering and terror funding, a top UN official said on May 15.
Published 22 May, 2006 12:00am
Japan emerges as capital source for foreign firms

Japan emerges as capital source for foreign firms

Bank of China is embarking on the world's biggest initial public offering in six years just as Asian markets dip, but it can count on one increasingly reliable source of demand for its deal: Japan.
Published 22 May, 2006 12:00am
Japan emerges as capital source for foreign firms

Japan emerges as capital source for foreign firms

Bank of China is embarking on the world's biggest initial public offering in six years just as Asian markets dip, but it can count on one increasingly reliable source of demand for its deal: Japan.
Published 22 May, 2006 12:00am
State Bank of India profit falls

State Bank of India profit falls

India's largest lender, State Bank of India, posted an unexpected 20 percent fall in fourth-quarter net profit on May 19 due partly to higher deposit rates and a drop in the value of bond investments.
Published 22 May, 2006 12:00am
State Bank of India profit falls

State Bank of India profit falls

India's largest lender, State Bank of India, posted an unexpected 20 percent fall in fourth-quarter net profit on May 19 due partly to higher deposit rates and a drop in the value of bond investments.
Published 22 May, 2006 12:00am
Private equity inflows stay lavish as prices rise

Private equity inflows stay lavish as prices rise

Private equity houses are jostling to get access to deals as capital inflows to their funds stay lavish while rising prices paid for companies are a risk for the sector, industry players said on May 16.
Published 22 May, 2006 12:00am
Private equity inflows stay lavish as prices rise

Private equity inflows stay lavish as prices rise

Private equity houses are jostling to get access to deals as capital inflows to their funds stay lavish while rising prices paid for companies are a risk for the sector, industry players said on May 16.
Published 22 May, 2006 12:00am
ONGC signs services deal with Halliburton

ONGC signs services deal with Halliburton

India's state-run Oil and Natural Gas Corp has hired US-based Halliburton to help boost crude oil output in the rebel-hit state of Assam, the company chairman said May 17.
Published 22 May, 2006 12:00am
Morgan Stanley prowling for acquisitions

Morgan Stanley prowling for acquisitions

US investment bank Morgan Stanley continues to pursue both large and small acquisitions across a range of businesses, including mortgages and commodities, Chairman and Chief Executive John Mack told investors on May 15.
Published 22 May, 2006 12:00am
Planned rival gives Saudi banks jitters

Planned rival gives Saudi banks jitters

The Saudi government's plans to launch a large bank in the next year with a huge share offering is causing concern in the local banking industry, which is already facing foreign competition in a crowded market.
Published 22 May, 2006 12:00am
Energy initiative takes centre stage at EBRD conference

Energy initiative takes centre stage at EBRD conference

The European Bank for Reconstruction and Development kicks off its annual meeting here Sunday with an initiative to slash energy waste and pollution across the 27 countries in which it operates.
Published 22 May, 2006 12:00am
'Credit Agricole could buy UK's Alliance and Leicester bank'

'Credit Agricole could buy UK's Alliance and Leicester bank'

Credit Agricole, France's biggest bank, could buy British bank Alliance and Leicester within weeks, the Sunday Express newspaper reported. The British weekly said that US investment bank Citigroup had been working for Credit Agricole on a six-billion-poun
Published 22 May, 2006 12:00am
Supermarket's rise sparks global competition in Vietnam

Supermarket's rise sparks global competition in Vietnam

Vietnamese street-sellers may one day be nothing more than a tourist attraction thanks to a new-found local love of supermarket shopping, a retail trend that has sparked a war between domestic and global distributors.
Published 22 May, 2006 12:00am
Economic policymakers converge in Paris for OECD forum

Economic policymakers converge in Paris for OECD forum

Ministers from 30 countries and key economic policymakers meet in Paris this week for the annual conference of the OECD, with the incoming secretary general, Mexico's Angel Gurria, set to take the reins.
Published 22 May, 2006 12:00am
Indian business confidence up on growth optimism: CII

Indian business confidence up on growth optimism: CII

Expectations of more than 8 percent GDP growth and higher exports this financial year raised confidence among Indian businesses for first half to September 2006, a survey by the Confederation of Indian Industry (CII) showed.
Published 22 May, 2006 12:00am
BAA plans 1 billion sterling cashback in bid defence

BAA plans 1 billion sterling cashback in bid defence

Airports group BAA is set to return about 1 billion pounds ($1.88 billion) to shareholders as part of a defence package to see off a hostile bid from Spain's Ferrovial, British newspapers reported.
Published 22 May, 2006 12:00am
Liberal Mexican economist takes over at OECD

Liberal Mexican economist takes over at OECD

Angel Gurria, the incoming head of the OECD, is a former Mexican finance minister who steered his country out of an economic crisis and now wants to help other governments with needed reforms. Gurria, 56, will be invested in his post as secretary general
Published 22 May, 2006 12:00am
DoCoMo to make all models global standard

DoCoMo to make all models global standard

NTT DoCoMo Inc, Japan's largest mobile phone operator, plans to make all its models compatible with global standards so they can be used in more than 130 countries, a leading Japanese newspaper said on Sunday.
Published 22 May, 2006 12:00am
Asian markets prop up struggling General Motors and Ford

Asian markets prop up struggling General Motors and Ford

As they struggle to reignite their ailing North America operations, both General Motors Corp and Ford Motor Co are depending on profits from operations in new markets across Asia to keep them afloat.
Published 22 May, 2006 12:00am
Saudi and Total sign $6 billion Jubail refinery deal

Saudi and Total sign $6 billion Jubail refinery deal

Saudi Aramco and French oil firm Total signed an agreement on Sunday to build a 400,000 barrel per day (bpd), export-oriented refinery in the kingdom at a cost of around $6 billion.
Published 22 May, 2006 12:00am
Jakarta shares expected to trade lower

Jakarta shares expected to trade lower

Indonesia share prices are expected to continue their downward trend over the coming week amid concerns of rising US interest rates and a weakened rupiah, analysts said.
Published 22 May, 2006 12:00am
Malaysian securities watchdog defends tough action

Malaysian securities watchdog defends tough action

Malaysia's securities watchdog has vowed to continue to take tough action on stock manipulation after shocking the market by curbing trade on a company whose share price was skyrocketing, reports said.
Published 22 May, 2006 12:00am
Taiwan shares may consolidate this week

Taiwan shares may consolidate this week

Taiwan share prices are expected to consolidate next week as market sentiment turns cautious after this week's heavy losses on inflation fears and steep falls on Wall Street, dealers said Friday.
Published 22 May, 2006 12:00am
Singapore shares expected to fall

Singapore shares expected to fall

Singapore shares are expected to fall next week in the absence of fresh trading cues, dealers said Friday. The Straits Times Index (STI) skidded sharply this week, mirroring slumps in Wall Street and regional bourses, as fears of interest rate hikes in th
Published 22 May, 2006 12:00am
Malaysian shares likely to consolidate

Malaysian shares likely to consolidate

Malaysian share prices are expected to consolidate in the week ahead with investors remaining on the sidelines in the wake of a sell down and shaky regional markets, dealers said.
Published 22 May, 2006 12:00am
Asian currencies lose ground against dollar

Asian currencies lose ground against dollar

Asian currencies fell against the dollar during the week, with speculation that the US Federal Reserve would raise interest rates to rein in inflation feeding strong demand for the greenback.
Published 22 May, 2006 12:00am
Thai stocks may decline this week

Thai stocks may decline this week

Thai share prices are expected to fall next week amid concerns over further US interest rate hikes and uncertainty over the kingdom's new elections, dealers said.
Published 22 May, 2006 12:00am
Downdraft on Wall Street: correction or something worse?

Downdraft on Wall Street: correction or something worse?

An ugly week on Wall Street has market watchers pondering whether the sharp selloff in recent sessions is a normal correction, or the start of a more gloomy picture. The Dow Jones Industrial Average suffered a 2.1 percent loss to end the week at 11,139.99
Published 22 May, 2006 12:00am
Philippines shares expected to rebound

Philippines shares expected to rebound

Philippines share prices are expected to stage a technical rebound in the coming week after the sharp downturn of recent days, dealers said Friday.
Published 22 May, 2006 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Bangladesh Interbank buy/sell rates for the taka against the dollar on Sunday. 69.13/69.20 (previous 69.15/69.285) Call Money Rates: 13.00-22.00 percent (previous 13.00-35.00 percent).
Published 22 May, 2006 12:00am
Australian shares to see volatility over rates

Australian shares to see volatility over rates

Australian share prices are expected to see volatile trade next week as fears over US interest rate rises and inflation persist, but the overall outlook remained positive, dealers said Friday.
Published 22 May, 2006 12:00am
London investors seek FTSE boost after shares plunge

London investors seek FTSE boost after shares plunge

Britain's stock market, which has taken a battering on global inflation concerns, will be hoping for positive corporate results next week to lift the FTSE out of the doldrums.
Published 22 May, 2006 12:00am
Typhoon kills 37 Vietnamese sailors; China rescues 330

Typhoon kills 37 Vietnamese sailors; China rescues 330

Typhoon Chanchu killed at least 37 Vietnamese fishermen in the South China Sea but Chinese rescue ships have saved 330 sailors, state media in the communist countries reported Sunday.
Published 22 May, 2006 12:00am
Walkers across the world march against hunger

Walkers across the world march against hunger

From Moscow to Monrovia, from New Zealand to New York, people turned out in hundreds of thousands on Sunday to march in support of the global fight against hunger, that silent killer which claims a child every 5 seconds.
Published 22 May, 2006 12:00am
Free Iraq to be 'devastating defeat' for al Qaeda: Bush

Free Iraq to be 'devastating defeat' for al Qaeda: Bush

US President George W. Bush said Sunday that the formation of Iraq's new government will serve as a "devastating defeat" for al Qaeda, but the US' top diplomat warned sectarian violence remains a major problem in the country.
Published 22 May, 2006 12:00am
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