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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-05-27
Rooney on plane to Germany

Rooney on plane to Germany

Wayne Rooney will travel with England to the World Cup despite being told that he will be unable to resume full training before June 14 at the earliest, four days after his country's opening match.
Published 27 May, 2006 12:00am
Hamas militia off streets

Hamas militia off streets

The Hamas-led Palestinian government ordered its new militia off Gaza's streets on Friday following clashes with President Mahmoud Abbas's Fatah movement that stirred fears of civil war.
Published 27 May, 2006 12:00am
India admits more work to be done on nuclear-deal with US

India admits more work to be done on nuclear-deal with US

More work has to be done on the landmark Indo-US nuclear deal before it goes through Congress, according to New Delhi's top diplomat. India's Foreign Secretary Shyam Saran spoke in London on Thursday after handing over to US Under Secretary of State Nicho
Published 27 May, 2006 12:00am
Beslan hostage-taker sentenced to life in jail

Beslan hostage-taker sentenced to life in jail

A Russian judge sentenced the only surviving Beslan hostage-taker to life in jail on Friday, saying only an official ban had saved the young Chechen from execution for his part in the 2004 school siege.
Published 27 May, 2006 12:00am
China drops out of joint anti-terrorism exercise

China drops out of joint anti-terrorism exercise

China said Friday it will not participate in a maritime anti-terrorism exercise with Japan, the United States and three other countries this weekend, despite being slated for a central role.
Published 27 May, 2006 12:00am
14 killed in fresh Afghan fighting

14 killed in fresh Afghan fighting

Four policemen and 10 Taleban were killed in a fresh battle in Afghanistan Friday as a rights group said the civilian death toll from a coalition strike this week was more than double the official estimate.
Published 27 May, 2006 12:00am
Cannes brings working class heroes to screens

Cannes brings working class heroes to screens

Two films at the Cannes film festival portray how the lack of jobs, money and social recognition in Europe can drive men to desperation. In "Colossal Youth", Portuguese director Pedro Costa tells the bleak tale of Cape Verdean worker Ventura, who lives on
Published 27 May, 2006 12:00am
Poultry dying in Indonesia village likely flu source

Poultry dying in Indonesia village likely flu source

Chickens are dying in unusually large numbers in a remote area in Indonesia where bird flu killed several members of a family, and experts say the first victim in the cluster was probably infected by a diseased chicken.
Published 27 May, 2006 12:00am
Scared Mogadishu residents hide, fear more fighting

Scared Mogadishu residents hide, fear more fighting

Terrified Mogadishu residents locked themselves in their homes as sporadic gunshots echoed over the tense and shattered capital on Friday in the wake of the worst militia violence in more than a decade.
Published 27 May, 2006 12:00am
Toepfer warns climate change could destabilise world

Toepfer warns climate change could destabilise world

Global warming is hitting the poor the hardest and climate change could cause world-wide destabilisation if solutions are not found, one of the world's leading environmentalists said on Friday.
Published 27 May, 2006 12:00am
East Timor fighting eases, peace talks possible

East Timor fighting eases, peace talks possible

The streets of Dili were quiet and nearly deserted on Friday afternoon, a day after violent clashes between rival East Timorese factions, with no local police or military presence seen.
Published 27 May, 2006 12:00am
Strange has bedfellow at Philippine Open

Strange has bedfellow at Philippine Open

Taiwan's Yeh Chang-ting shot a three-under-par 69 to share the halfway lead with Australian Scott Strange at the Philippine Open on Friday. Yeh, who won the title here in 1993, safely negotiated the treacherous Wack Wack Golf and Country Club's East cours
Published 27 May, 2006 12:00am
Federer enjoys luck of the draw

Federer enjoys luck of the draw

Roger Federer gained an early psychological edge in his eagerly-awaited French Open duel against Rafael Nadal when he enjoyed the lion's share of fortune in Friday's draw.
Published 27 May, 2006 12:00am
Senate confirms Hayden as CIA director

Senate confirms Hayden as CIA director

The US Senate on Friday confirmed Air Force General Michael Hayden as CIA director in a vote that gave a broad bipartisan endorsement to the architect of President George W. Bush's domestic spying programme.
Published 27 May, 2006 12:00am
Smith leads by 2 strokes at St Jude Classic

Smith leads by 2 strokes at St Jude Classic

Chris Smith, struggling through a difficult season, fired a bogey-free 64 on Thursday to take a two-shot lead after the first round of the 4.9 million-dollar St. Jude Classic.
Published 27 May, 2006 12:00am
Support England? No way, says Scotland boss

Support England? No way, says Scotland boss

Scotland boss Walter Smith reignited old rivalries with their neighbours on Thursday by admitting that he will not be supporting England at the World Cup.
Published 27 May, 2006 12:00am
Hong Kong dollar ends steady

Hong Kong dollar ends steady

The Hong Kong dollar held steady on Friday, while some interbank rates softened as market liquidity improved ahead of the listing of a jumbo IPO.
Published 27 May, 2006 12:00am
Asian currencies gain with stocks

Asian currencies gain with stocks

The Indonesian rupiah led Asian currencies higher on Friday as weaker-than-expected US growth data helped alleviate concerns about rising US interest rates and lifted regional stocks.
Published 27 May, 2006 12:00am
Dollar slips as US GDP below expectations

Dollar slips as US GDP below expectations

The dollar slipped against the yen and euro on Thursday after a robust, but slightly weaker-than-expected reading of US economic growth failed to bolster expectations for a June rate increase.
Published 27 May, 2006 12:00am
Dollar edges up in cautious trade

Dollar edges up in cautious trade

The dollar edged up in quiet trade on Friday, with position squaring by speculators giving the currency a boost as many market players stuck to the sidelines before much-awaited US inflation data later in the session.
Published 27 May, 2006 12:00am
Chinese yuan weakens versus dollar

Chinese yuan weakens versus dollar

China's yuan closed slightly weaker against the dollar after moving in a relatively wide range on Friday, continuing a week-long pattern of active intraday trading but only marginal changes at the close.
Published 27 May, 2006 12:00am
Swiss franc almost unchanged

Swiss franc almost unchanged

The Swiss franc traded almost unchanged against the euro on Friday, after the Ascension day holiday, as dealers steeled themselves for a raft of economic data next week.
Published 27 May, 2006 12:00am
Singapore shares soar

Singapore shares soar

Singapore share prices closed 1.69 percent higher on Friday, lifted by gains in property stocks ahead of the announcement of the winning bid for the city-state's first gaming licence, dealers said.
Published 27 May, 2006 12:00am
Tokyo stocks surge after gains on Wall Street

Tokyo stocks surge after gains on Wall Street

The Nikkei rose 1.77 percent on Friday as investors, relieved by gains Wall Street and rebounds in emerging markets, picked up exporters such as Honda Motor Co Ltd and bank shares on earnings hopes.
Published 27 May, 2006 12:00am
Thai share prices jump

Thai share prices jump

Thai share prices closed 2.35 percent higher on Friday, led by a rebound on Wall Street as the latest data on the US economy eased concern over rising US interest rates, dealers said. They said the market also jumped on bargain-hunting in blue chips, in l
Published 27 May, 2006 12:00am
Banking sector boosts Chinese shares

Banking sector boosts Chinese shares

China shares posted healthy gains on Friday as investors snapped up financial counters such as Merchants Bank after several days of weakness in the key index.
Published 27 May, 2006 12:00am
US Stocks: Friday's unofficial close

US Stocks: Friday's unofficial close

US stocks rose on Friday as data on inflation and consumer confidence nearly matched forecasts, and shares of investment banks and General Motors Corp gained after brokerage upgrades.
Published 27 May, 2006 12:00am
Nickel at new peak

Nickel at new peak

Base metals ended the week on an upbeat note on the London Metal Exchange (LME) on Friday, with prices flipping up in late trade on end-week position-squaring, traders said.
Published 27 May, 2006 12:00am
London sugar down

London sugar down

London white sugar futures closed off two-month lows on fund and trade selling and position-squaring on Friday ahead of the long weekend, and traders said the market risked further falls.
Published 27 May, 2006 12:00am
New York cotton closes near highs

New York cotton closes near highs

Cotton futures finished near session highs on Friday, ahead of a long US holiday weekend, lifted by a light short-covering rally as some players worried about dry West Texas growing conditions, traders said.
Published 27 May, 2006 12:00am
Bulgaria raises wheat forecast

Bulgaria raises wheat forecast

Despite floods, bad weather and delayed sowings, Bulgaria's agriculture ministry raised its 2006 wheat crop estimate on Friday, saying it should meet domestic demand and allow exports.
Published 27 May, 2006 12:00am
Oil holds above $71 after volatile week

Oil holds above $71 after volatile week

Oil held gains above $71 on Friday after a roller coaster week as investors balanced ample US gasoline supplies and inflationary fears against strong economic growth and concern over possible supply disruption.
Published 27 May, 2006 12:00am
USDA proposes changes to cotton loan plan

USDA proposes changes to cotton loan plan

The US Agriculture Department proposed a rule on Friday to require most growers to store cotton indoors in order to be repaid by the government for the storage costs.
Published 27 May, 2006 12:00am
Asian utilities may use palm oil to ease $70 pain

Asian utilities may use palm oil to ease $70 pain

Asian utilities could turn to biofuels for power generation on a large scale if efforts to use palm oil to yield cleaner fuel could be used efficiently to ease the pain of $70 oil prices.
Published 27 May, 2006 12:00am
FTSE makes biggest weekly gain since November

FTSE makes biggest weekly gain since November

Britain's leading shares cruised to their biggest weekly gain in over six months on Friday, ending a volatile week on an upbeat note as rallying banks, miners and oil stocks combined with moderate US inflation data to put the market firmly in positive ter
Published 27 May, 2006 12:00am
Seoul stocks rise

Seoul stocks rise

Seoul stocks rose 2 percent on Friday as investors, cheered by a rally on Wall Street, snapped up recently battered shares such as top lender Kookmin Bank and Hynix Semiconductor.
Published 27 May, 2006 12:00am
Gold slips in Europe

Gold slips in Europe

Gold erased earlier gains and slipped 1.5 percent in late European trade on Friday as a rise in the dollar prompted sent investors to the exit.
Published 27 May, 2006 12:00am
Corporate bond spreads tighten

Corporate bond spreads tighten

European corporate bonds spreads tightened on Friday amid improving sentiment and hopes the financial market volatility of recent days had abated.
Published 27 May, 2006 12:00am
Corporate bond spreads tighten

Corporate bond spreads tighten

European corporate bonds spreads tightened on Friday amid improving sentiment and hopes the financial market volatility of recent days had abated.
Published 27 May, 2006 12:00am
Dollar steadies in London

Dollar steadies in London

The dollar held steady against the euro on Friday, with currencies stuck in ranges ahead of much-awaited US PCE inflation data later in the session and a long weekend in the United States and Britain.
Published 27 May, 2006 12:00am
Sterling drops versus dollar and euro

Sterling drops versus dollar and euro

Sterling hit a two-week low against the dollar and the euro on Friday, taking a knock after weaker-than-expected mortgage approvals data for April and on position squaring before a holiday weekend.
Published 27 May, 2006 12:00am
Indian rupee gives up gains

Indian rupee gives up gains

The Indian rupee snapped a two-day slide on Friday but still ended near 2006 lows after failing to hold at early session highs on sustained dollar demand from oil importers and on foreign fund outflows.
Published 27 May, 2006 12:00am
World must forget past and help Iraq: Blair

World must forget past and help Iraq: Blair

British Prime Minister Tony Blair appealed on Friday for more international support for Iraq and urged quick reform of world bodies such as the United Nations, World Bank and IMF to tackle future crises like Iraq.
Published 27 May, 2006 12:00am
US Capitol locked down over report of gunfire

US Capitol locked down over report of gunfire

The US Capitol was briefly locked down on Friday as police investigated the sound of gunfire in the garage of a House of Representatives office building, officials said.
Published 27 May, 2006 12:00am
Putin more open to energy charter

Putin more open to energy charter

Russian President Vladimir Putin showed some openness this week to European Union demands that Moscow ratify an international energy pact, an EU source said, moving the sides closer together before a G8 summit in July.
Published 27 May, 2006 12:00am
Iran rejects proposed Iraq talks with Americans

Iran rejects proposed Iraq talks with Americans

Iran has ruled out for now proposed talks with the United States over the future of Iraq because of Washington's "negative" attitude, Iranian Foreign Minister Manouchehr Mottaki said on Friday.
Published 27 May, 2006 12:00am
Annan wants Suu Kyi's release

Annan wants Suu Kyi's release

UN Secretary General Kofi Annan on Friday made a direct appeal to Myanmar's junta leader to release pro-democracy icon Aung San Suu Kyi when her house arrest comes under review this weekend.
Published 27 May, 2006 12:00am
Kyoto states to discuss post-2012 cuts

Kyoto states to discuss post-2012 cuts

Countries that are signed up to the Kyoto Protocol reaffirmed plans on Friday to set new, tougher caps on greenhouse gas emissions after 2012, despite spreading scepticism about the environmental pact.
Published 27 May, 2006 12:00am
Bomb kills two Jihad members in Lebanon

Bomb kills two Jihad members in Lebanon

A senior Islamic Jihad official and his brother were killed in southern Lebanon on Friday in a car bombing the Palestinian group blamed on Israel. An Israeli government source said the Jewish state "has nothing to do" with the attack on Mahmoud Majzoub, k
Published 27 May, 2006 12:00am
Wheat procurement crosses 3.763 million tonnes

Wheat procurement crosses 3.763 million tonnes

With brisk harvesting nearing to its end the wheat procurement has crossed the figure of 3.763 million tonnes showing an active role of the private sector in the procurement of the commodity. According to official sources, the private sector, on the gover
Published 27 May, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 26, 2006).

Published 27 May, 2006 12:00am
Government working on increase in salaries and pensions

Government working on increase in salaries and pensions

The government is working out for 12 to 20 percent increase in its employees' salaries in the 2006-07 budget. The pensioners may get 8 to 10 percent increase, sources said. They said that the new salary package for government employees was discussed in a
Published 27 May, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 26, 2006).

Published 27 May, 2006 12:00am
Government working on increase in salaries and pensions

Government working on increase in salaries and pensions

The government is working out for 12 to 20 percent increase in its employees' salaries in the 2006-07 budget. The pensioners may get 8 to 10 percent increase, sources said. They said that the new salary package for government employees was discussed in a
Published 27 May, 2006 12:00am
Government working on increase in salaries and pensions

Government working on increase in salaries and pensions

The government is working out for 12 to 20 percent increase in its employees'' salaries in the 2006-07 budget. The pensioners may get 8 to 10 percent increase, sources said. They said that the new salary package for government employees was discussed in a
Published 27 May, 2006 12:00am
US lawmakers want to reopen Abdul Qadeer Khan probe

US lawmakers want to reopen Abdul Qadeer Khan probe

US lawmakers on Thursday called for the reopening of a probe into a nuclear smuggling network led by Abdul Qadeer Khan amid concerns he could have supplied Iran with nuclear weapon designs.
Published 27 May, 2006 12:00am
US lawmakers want to reopen Abdul Qadeer Khan probe

US lawmakers want to reopen Abdul Qadeer Khan probe

US lawmakers on Thursday called for the reopening of a probe into a nuclear smuggling network led by Abdul Qadeer Khan amid concerns he could have supplied Iran with nuclear weapon designs.
Published 27 May, 2006 12:00am
Protest against PSM sell-off on May 30

Protest against PSM sell-off on May 30

Labour Party Pakistan (LPP) will hold a protest against the privatisation of Pakistan Steel Mills (PSM) in front of Supreme Court Building, Islamabad on Tuesday (May 30).
Published 27 May, 2006 12:00am
Pakistan and Iran sign MoUs to promote trade

Pakistan and Iran sign MoUs to promote trade

Pakistan and Iran signed two Memorandum of Understandings to further promote bilateral relations in the field of trade and economic. The MoUs of 16th session of Joint Economic Commission between Iran and Pakistan was signed by Manouchehr Mottaki, Minister
Published 27 May, 2006 12:00am
Prime Minister for peace, stability among Saarc states

Prime Minister for peace, stability among Saarc states

Underlining the vital link between peace and development, Prime Minister Shaukat Aziz said on Friday that the Saarc member states need to work harder for harmony, peace and stability to leverage the true potential of South Asia which is important for sust
Published 27 May, 2006 12:00am
No new tax in Sindh budget: adviser

No new tax in Sindh budget: adviser

The Advisor to Sindh Chief Minister for Finance M.A. Jalil has said that substantial increase of 4% would be made in next financial budget without imposing any new tax on the people. This he said while addressing pre-budget seminar organised by Consumers
Published 27 May, 2006 12:00am
15th SAP Academy training programme concludes

15th SAP Academy training programme concludes

The 15th SAP Academy four-week intensive training programme was attended by 32 participants that included both local as well as foreign individuals. Officials from prominent public sector and blue chip private sector organisations also attended this cours
Published 27 May, 2006 12:00am
Nasreen pledges to develop Karachi

Nasreen pledges to develop Karachi

Acting City Nazim Karachi Nasreen Jalil on Friday said that the incumbent City District Government Karachi (CDGK) would leave no stone unturned to take Karachi amongst the ranks of the world's developed cities.
Published 27 May, 2006 12:00am
BBB+ rating for FCIBL reaffirmed

BBB+ rating for FCIBL reaffirmed

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of First Credit and Investment Bank Limited (FCIBL) (formerly First Credit and Discount Corporation Limited) at 'BBB+' (Triple B Plus) with a 'stable' out
Published 27 May, 2006 12:00am
BBB+ rating for FCIBL reaffirmed

BBB+ rating for FCIBL reaffirmed

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of First Credit and Investment Bank Limited (FCIBL) (formerly First Credit and Discount Corporation Limited) at 'BBB+' (Triple B Plus) with a 'stable' out
Published 27 May, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 May, 2006 12:00am
Steps being taken for women empowerment: Durrani

Steps being taken for women empowerment: Durrani

The federal government has already taken various steps for economic empowerment of women and would announce more steps for the betterment of women in the forthcoming budget.
Published 27 May, 2006 12:00am
Pakistan, India independence days in Lahore and Amritsar

Pakistan, India independence days in Lahore and Amritsar

To promote friendly relations with India, from this year independence days of both Pakistan and India would be celebrated in Lahore and Amritsar. Owais Sheikh, President of Pak-India Peace Movement (PIPM), disclosed this while addressing a press conferenc
Published 27 May, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (May 26, 2006).

Published 27 May, 2006 12:00am
MMA seeks release of IJT activists

MMA seeks release of IJT activists

Muttahida Majlis-e-Amal (MMA) has urged the Punjab University authorities to take back its decision of expelling students belonging to Islami Jamiat-e-Talba (IJT) from the University and also release all the arrested workers/students of IJT.
Published 27 May, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 May, 2006 12:00am
Hearing put off in petition against Prime Minister

Hearing put off in petition against Prime Minister

The Lahore High Court (LHC) has adjourned the proceeding in an election petition against Prime Minister, Shaukat Aziz, as petitioner's counsel did not appear before the court.
Published 27 May, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 May, 2006 12:00am
LCCI and TCCI join hands for trade promotion

LCCI and TCCI join hands for trade promotion

Lahore Chamber of Commerce and Industry (LCCI) and Tripoli Chamber of Commerce and Industry (TCCI) have decided to join hands for the promotion of bilateral trade between the two countries.
Published 27 May, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 May, 2006 12:00am
71 Indian fishermen to be freed

71 Indian fishermen to be freed

Pakistan will next week repatriate 71 Indian fishermen who were arrested for illegally fishing in its territorial waters, the foreign ministry announced on Friday.
Published 27 May, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (May 26, 2006).

Published 27 May, 2006 12:00am
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