News Archives for Print - 2006-06-12

Print - 2006-06-12

Sri Lanka raises fuel prices by over 5 percent

Sri Lanka Sunday raised gasoline and diesel prices by slightly more than five percent to help recover losses from selling fuel below the cost of production, officials said.

Published 12 Jun, 2006 12:00am

Norwegian government heads off bank strike, lockout

The Norwegian government will intervene in a dispute between banks, insurers and their employees to prevent an expanded strike and lockout and force them into mediation, officials said on Sunday.

Published 12 Jun, 2006 12:00am

Kuwait to sell concessionary oil to Bangladesh

Kuwait agreed Sunday to sell oil to Bangladesh on concessionary terms to help the impoverished country cope with soaring world prices, said Foreign Minister Morshed Khan.

Published 12 Jun, 2006 12:00am

Chinese firm to export 278 trains to Iran

A state-owned Chinese equipment company has agreed to export 278 passenger trains worth $175 million to Iran to help ease transport bottlenecks in the country, the official Xinhua news agency said on Sunday.

Published 12 Jun, 2006 12:00am

Investors start $500 million Syria property project

Gulf and Syrian investors broke ground on Sunday on a $500 million real estate project near Damascus, where property prices have spiked as the government has taken steps to open Syria's command economy.

Published 12 Jun, 2006 12:00am

G8 finance ministers fail to douse fires of energy dispute

Russian and EU finance ministers refused to budge in a high-stakes debate on energy during talks here Saturday, leaving the row to their political bosses at next month's G8 summit.

Published 12 Jun, 2006 12:00am

Milberg under probe for payments to expert

Law firm Milberg Weiss Bershad & Schulman LLP is being investigated about whether it used money recovered in some suits to pay an expert witness for other cases, according to the Wall Street Journal.

Published 12 Jun, 2006 12:00am

Palestinian firm to distribute food coupons

One of the biggest Palestinian companies said on Sunday it would distribute food coupons worth 500 shekels ($112) to 40,000 government workers who have not received salaries since Hamas came to power.

Published 12 Jun, 2006 12:00am

Gulf stocks starting to attract foreign investors

Money from Southeast Asia, Europe, and the United States is starting to flow into Gulf Arab stock markets, attracted by sharply reduced valuations and despite a recent sell-off in emerging markets, fund managers say.

Published 12 Jun, 2006 12:00am

German builders are most upbeat in 14 years

Germany's rattled construction industry sported a positive outlook for the first time in 14 years, lifted by a recovery in investments and the soccer World Cup, according to the DIHK industry and commerce association.

Published 12 Jun, 2006 12:00am

Bulgaria's Petrol to invest 50 million euros in upgrades

Bulgaria's largest fuel retailer, Petrol AD, said it would invest 50 million euros ($63.3 million) in modernising 30 of its petrol stations by the end of the year.

Published 12 Jun, 2006 12:00am

SAS airline's Norwegian arm chief Jansen resigns

Scandinavian airline SAS said the head of its Norwegian arm, Petter Jansen, had resigned on Sunday due to disagreements over strategy. Deputy Chief Executive Johnny Skoglund will become acting chief executive of SAS Braathens from June 12, the Norwegian s

Published 12 Jun, 2006 12:00am

Decline in glaciers to affect Pakistan, Bangladesh, India and China

The 500 million people who live in the world's desert regions can expect to find life increasingly unbearable as already high temperatures soar and the available water is used up or turns salty, according to the United Nations.

Published 12 Jun, 2006 12:00am

Experts explain why food intake makes us sleepy

Research at Manchester University has shown why humans and animals become dozy after a hearty meal. Brain cells which keep the body and mind active are switched off after eating, making us drowsy and in need of a good nap.

Published 12 Jun, 2006 12:00am

Cloning could beat hereditary illness

A scientist who helped to create Dolly the sheep has suggested that cloning and gene alteration should be used to create babies free from hereditary diseases.

Published 12 Jun, 2006 12:00am

Over one million kids die of pneumonia annually

Out of 50 million people who die each year, 17 million die of infectious diseases. This translates to 50,000 deaths daily caused by infections alone, says a press release. Of these, more than 1 million are children younger than 5 years old who die each ye

Published 12 Jun, 2006 12:00am

Despite efforts, environment remains a challenge

Cleaner environment has emerged as an uphill task owing to population increase and depleting resources. The governments, international organisations and communities have been doing their bit to cope with this situation.

Published 12 Jun, 2006 12:00am

HEALTH UPDATE: cannabis 'reduces surgery pain'

A cannabis plant extract provides pain relief for patients after major surgery, research has shown. An Imperial College London team tested the extract - Cannador - on 65 patients after surgery such as knee replacements and found it helped manage pain.

Published 12 Jun, 2006 12:00am

HEALTH UPDATE: lung cancer 'genetic factor link'

Hereditary factors can play a role in the development of lung cancer, research suggests. The Institute of Cancer Research report found 64 gene mutations, which could contribute to lung cancer in a study of more than 4,000 people.

Published 12 Jun, 2006 12:00am

HEALTH UPDATE: exercises reduce need for asthma inhaler

For people with mild asthma, exercises that focus on shallow breathing through the nose, as well as non-specific upper body exercises, can reduce the need to use a bronchodilator inhaler, according to a new report.

Published 12 Jun, 2006 12:00am

HEALTH UPDATE: fractures, joint pain common in overweight kids

Overweight children are more likely than their normal-weight peers to suffer fractures, muscle and bone pain and other orthopedic complications, a new study shows.

Published 12 Jun, 2006 12:00am

HEALTH UPDATE: stress of caregiving may lead to dental ills

While providing care for others, many caregivers seem to forget about their own well-being, including their oral health, new study findings suggest.

Published 12 Jun, 2006 12:00am

Mobile navigation markets to merge: Finnish Navicore

Two separate mobile navigation software markets, so far split by different delivery methods, are expected to merge within three years to the benefit of consumers and companies, the head of Finnish start-up Navicore said.

Published 12 Jun, 2006 12:00am

China's Huawei plans to buy networking assets

Huawei Technologies Co Ltd, China's leading telecoms gear maker, has reached a preliminary agreement to buy assets from local rival Harbour Networks Ltd.

Published 12 Jun, 2006 12:00am

Apple files second lawsuit against Creative

Apple Computer Inc, maker of market-leading iPod digital music players, has filed a second patent infringement lawsuit in the United States against rival Creative Technology Ltd.

Published 12 Jun, 2006 12:00am

Intel says set to cut prices more quickly

Top microprocessor maker Intel Corp can cut prices on older chips more quickly than in the past thanks to its aggressive adoption of new manufacturing technologies, a spokesman said on June 8.

Published 12 Jun, 2006 12:00am

Yahoo to buy 10 percent stake in South Korea's Gmarket

US Internet company Yahoo Inc has agreed to buy a 10 percent stake in South Korean online retailer Gmarket, looking to tap the country's $11 billion online shopping industry.

Published 12 Jun, 2006 12:00am

Nokia to buy mobile phones from RoK's Pantech

Finnish mobile phone giant Nokia signed a $129 million deal to buy handsets from South Korea's Pantech&Curitel Communications Inc, sending the South Korean company's shares up 15 percent on June 08.

Published 12 Jun, 2006 12:00am

PCs seen playing key role in HD-DVD versus Blu-ray war

PCs are emerging as a battleground in the budding war between two technologies vying to be the standard for high capacity DVDs - and take the lucrative mantle of next benchmark in optical storage.

Published 12 Jun, 2006 12:00am

Video colours new world of computing

What you get is often much more than what you see these days in the computing world, where digital imaging is quietly revolutionising everything from security to coupon clipping.

Published 12 Jun, 2006 12:00am

Google founder lobbies for net neutrality

Google Inc co-founder and President Sergey Brin met with US lawmakers on June 06 to press for legislation that would prevent Internet access providers from charging Web sites more for faster content delivery.

Published 12 Jun, 2006 12:00am

Etihad Airways

Etihad Airways, the national airline of the United Arab Emirates, has completed the implementation of a comprehensive e-business transformation based on the Oracle E-Business Suite, as the national carrier strengthens its reputation as one of the world's

Published 12 Jun, 2006 12:00am

Wireless boom

Wireless communications are becoming a fertile development ground in the PC world, as new devices tap a growing number of networks to take mobile chatter and on-the-move entertainment to new levels.

Published 12 Jun, 2006 12:00am

UK technology firm

British defence and security technology firm QinetiQ reported a 10 percent rise in annual underlying operating profit on June 07 in its first results since listing in February.

Published 12 Jun, 2006 12:00am

Minnesota sued over new video game law

The US video game industry sued the state of Minnesota on June six to overturn a new law that imposes $25 fines on children under the age of 17 who rent or buy video games aimed at adults.

Published 12 Jun, 2006 12:00am

Hynix creditors to sell shares

Creditors of Hynix Semiconductor Inc plan to sell up to 62 million of its existing shares in early July, worth 1.9 trillion won ($2.02 billion) at current market prices, its main creditor said on June 07.

Published 12 Jun, 2006 12:00am

Hynix creditors to sell shares

Published 12 Jun, 2006 12:00am

In Short: Google co-founder says company is staying in China

Google Inc is committed to doing business in China despite criticism the company has faced for abiding by Chinese government censorship restrictions, co-founder Sergey Brin said this week.

Published 12 Jun, 2006 12:00am

Citigroup gets Dubai finance centre approval

Citigroup has received the green light to start operating as an authorised firm in the Dubai International Financial Centre, the US bank said on June 05.

Published 12 Jun, 2006 12:00am

Global stocks, bonds as good as hedge funds: study

The hedge fund industry may promise top returns in all market conditions, but often a well balanced portfolio of international and US stocks and bonds can deliver similar results for less money, a study released on June 06 shows.

Published 12 Jun, 2006 12:00am

Global stocks, bonds as good as hedge funds: study

Published 12 Jun, 2006 12:00am

Bank of England recovers BCCI legal costs

The Bank of England said on June 07 that it had secured 73.6 million pounds (108.2 million euros, 138.4 million dollars) to cover its legal costs stemming from an epic court battle after the collapse of British bank BCCI in 1991.

Published 12 Jun, 2006 12:00am

Vodafone slump highlights tracker fund dangers

The recent record losses of Vodafone should focus investors' minds on the dangers of FTSE trackers and other heavily benchmarked funds, financial experts say.

Published 12 Jun, 2006 12:00am

Vodafone slump highlights tracker fund dangers

The recent record losses of Vodafone should focus investors' minds on the dangers of FTSE trackers and other heavily benchmarked funds, financial experts say.

Published 12 Jun, 2006 12:00am

Beijing intellectual piracy cases spur new hopes

Foreign executives fighting rampant piracy of intellectual property say China remains the world's worst offender, but a string of court victories and legal changes offer hope Beijing may finally be getting serious.

Published 12 Jun, 2006 12:00am

Chinese banking system one of globe's weakest: Fitch

Chinese banking system remains one of the weakest in the world, despite some improvements in the financial performance of its lenders, Fitch Ratings said on June 07.

Published 12 Jun, 2006 12:00am

Banks well-placed for any interest rate shock: S&P

The banking sector is unlikely to be thrown into crisis by any sudden interest rate increases, Standard & Poor's (S&P) said on June 07.

Published 12 Jun, 2006 12:00am

Banks well-placed for any interest rate shock: S&P

The banking sector is unlikely to be thrown into crisis by any sudden interest rate increases, Standard & Poor's (S&P) said on June 07.

Published 12 Jun, 2006 12:00am

Insurers must act on climate change: Lloyd's

Insurers must do more to understand the implications of climate change on their businesses or risk going out of business, Lloyd's of London said in a report released on June 05.

Published 12 Jun, 2006 12:00am

Leadership changes in Oracle Asia Pacific

Oracle Asia Pacific announced its first leadership changes in fifteen years. Effective June 01 2006, Derek Williams will become Chairman of Oracle Asia Pacific and Japan. Williams named Senior Vice President Brian Mitchell to take over the day-to-day oper

Published 12 Jun, 2006 12:00am

Incentive fees may be clue to hedge fund success

It's not easy for investors to gauge how successful a hedge fund is likely to be, but a manager's confidence in producing high returns as indicated by a fund's fee structure is one place to start.

Published 12 Jun, 2006 12:00am

Incentive fees may be clue to hedge fund success

It's not easy for investors to gauge how successful a hedge fund is likely to be, but a manager's confidence in producing high returns as indicated by a fund's fee structure is one place to start.

Published 12 Jun, 2006 12:00am

Philippines shares seen tracking overseas markets

Philippines share prices are likely to track Wall Street and regional markets next week after a sharp sell-off triggered by fears of rising US interest rates and slower growth, dealers said Friday.

Published 12 Jun, 2006 12:00am

Thai shares seen range-bound

Thai share prices are expected to be range-bound in the coming holiday-shortened week, with investors trading with caution amid sustained fears over rising US interest rates, dealers said.

Published 12 Jun, 2006 12:00am

Australian shares to experience choppy trade in week ahead

Australian share prices will likely see continued volatility in the week ahead, after recent sharp falls including its biggest one day loss since the September 11 attacks in the US, dealers said.

Published 12 Jun, 2006 12:00am

Taiwan shares may consolidate after heavy losses

Taiwan share prices are expected to consolidate next week after recent heavy losses on persistent concerns US interest rates will rise further even at the risk of dampening growth, dealers said Friday.

Published 12 Jun, 2006 12:00am

Asian currencies fall against dollar on fears of higher US rates

Asian currencies lost ground against the dollar over the past week as the market took hawkish comments on inflation from US central bankers as another sign of higher US interest rates to come.

Published 12 Jun, 2006 12:00am

Bangladeshi interbank forex

Interbank buy/sell rates for the taka against the dollar on Sunday. 69.49/69.60 (previous 69.49/69.60) Call Money Rates: 6.00-15.00 percent (previous 6.25-16.00 percent.

Published 12 Jun, 2006 12:00am

Chinese central bank to unite foreign exchange trading systems

The central bank is planning on combining China's traditional foreign exchange trading system with a new system initiated last year by the end of 2006, the official China Securities Journal said on Saturday.

Published 12 Jun, 2006 12:00am

Hong Kong shares likely to stay volatile

Hong Kong share prices are likely to remain volatile next week in choppy trade on concerns inflation will push US interest rates higher even at the risk of slower growth, dealers said Friday.

Published 12 Jun, 2006 12:00am

Battered Wall Street tries to shake off fears

After Wall Street's drubbing over the past month, the question for investors is whether the market is spooked by irrational fears about the economy, or presaging an ominous picture.

Published 12 Jun, 2006 12:00am

Singapore shares expected to rise next week

Singapore share prices are expected to rise in the week ahead but gains will be capped by concerns of possibly higher US interest rates, dealers said Friday. They said trading interest was also expected to be lower with the month-long World Cup football t

Published 12 Jun, 2006 12:00am

UK investors seek soothing recovery after slump

The London stock market will look to turn a corner next week after a bloodbath which has seen investors run for cover on inflation and interest rate concerns, analysts said. On Friday, London's FTSE 100 index of leading shares ended at 5,655.20 points - d

Published 12 Jun, 2006 12:00am

Malaysian shares susceptible to further losses in week ahead

Malaysian share prices are set to lose more ground in the week ahead, following a third consecutive week of losses amid rising global interest rates and weak investor interest, analysts said.

Published 12 Jun, 2006 12:00am

Japanese investors cross fingers for soft US inflation data

Investors in Japan and around Asia will be pinning their hopes on benign US inflation data next week following recent stock plunges sparked by fears of rising interest rates, analysts said Friday.

Published 12 Jun, 2006 12:00am

US Marine says rules followed at Haditha: Washington Post

A sergeant who led a squad of US Marines accused of killing 24 Iraqi civilians at Haditha told his lawyer the unit did not intentionally target civilians, followed rules of engagement and did not try to cover up the incident, The Washington Post reported

Published 12 Jun, 2006 12:00am

Al Qaeda warns of post-Zarqawi violence

Al Qaeda in Iraq vowed on Sunday to carry out attacks to "shake the enemy" after the killing of its leader Abu Musab al-Zarqawi, heightening fears his death will bring no respite from carnage.

Published 12 Jun, 2006 12:00am

Hamas men killed in Israeli air strike

An Israeli helicopter air strike killed two Palestinians from Hamas in Gaza on Sunday after a home-made rocket fired by members of the Islamist group seriously wounded an Israeli civilian, medics said.

Published 12 Jun, 2006 12:00am

India and US to work out details of nuclear energy deal

Diplomats from India and the United States will hold talks this week to outline the practical steps needed under a deal to increase co-operation in civilian nuclear energy, officials said Sunday.

Published 12 Jun, 2006 12:00am

India test-fires nuclear-capable missile

India, June 11, 2006 (AFP) - India on Sunday successfully tested a nuclear-capable missile fired from a mobile launcher in the eastern coastal state of Orissa, a defence ministry official said. The test of the Prithvi-1 (Earth) missile took place at the C

Published 12 Jun, 2006 12:00am

Bush to lead Iraq strategy summit

President George W. Bush on Monday opens a crucial two-day meeting to reassess US efforts in Iraq, including some discussion on the sensitive issue of drawing down international troops in the country.

Published 12 Jun, 2006 12:00am

US reservists stationed in Ukraine to leave

About 200 US reservists, whose arrival in Crimea in southern Ukraine sparked anti-NATO protests, will leave by Monday, but planned military exercises may still take place, Ukraine's navy said on Sunday.

Published 12 Jun, 2006 12:00am

200 hurt as protesters clash with police in Dhaka

At least 200 people were hurt in street clashes between police and opposition activists blockading Bangladesh's capital Dhaka on Sunday, witnesses said.

Published 12 Jun, 2006 12:00am

Iran won't compromise on 'rights': nuclear proposal under study

Iran said Sunday it would not compromise on its nuclear "rights" but asserted it was still studying an international proposal that demands a freeze of sensitive uranium enrichment work.

Published 12 Jun, 2006 12:00am

Five killed in Sri Lanka

At least five people were shot dead in Sri Lanka's restive north-east port district of Trincomalee and the main city of Colombo at the weekend, military officials said Sunday.

Published 12 Jun, 2006 12:00am

Women leaders insist on action to protect mothers and children

Women leaders, including Jordan's Queen Rania and former US secretary of state Madeleine Albright, pledged Sunday to mobilise for their sisters and children across the world.

Published 12 Jun, 2006 12:00am

Saudi lawyer blames US for Guantanamo suicides

A lawyer for Saudi nationals imprisoned at Guantanamo Bay said on Sunday he held US authorities responsible for the deaths of two Saudi prisoners who hanged themselves at the US naval base. Saudi Arabia, a staunch US ally, said it was stepping up efforts

Published 12 Jun, 2006 12:00am

Polls under Musharraf: no decision taken yet, says Fazl

Muttahida Majlis-i-Amal (MMA) Secretary General and Opposition Leader in the National Assembly, Maulana Fazlur Rehman, has said that no final decision has been taken yet from any forum regarding contesting the general elections, under the Musharraf regime

Published 12 Jun, 2006 12:00am

Code of corporate governance and financial institutions

Lord Emerick Edward Dalberg Acton perhaps made the founding statement on corporate governance when he wrote his Essays on Liberty:

Published 12 Jun, 2006 12:00am

It rains in the plains in Spain

It was an extraordinary Friday. It was taken up by the press releases of the SECP Chairman, the release by the board of the Karachi Stock Exchange and the notice to members by the management of KSE.

Published 12 Jun, 2006 12:00am

PAC and VIPs

Public Accounts Committee (PAC) is the highest forum to consider financial irregularities in the public sector. Its directives must be honoured by all government functionaries. Your recent issue reported that the government is unmoved by the PAC's directi

Published 12 Jun, 2006 12:00am

Good governance

It pains me to write about the sad state of affairs in our country, especially knowing the fact that we have great potential to excel.

Published 12 Jun, 2006 12:00am

District govts: where are we going wrong?

There are two major ingredients that are the backbone of good administration. First is monitoring. What does it imply? It is a system devised to check the working mechanism to ascertain quality and output in a given system. In short, it is a spot check to

Published 12 Jun, 2006 12:00am

Economy and the budget

The state of the economy of a country and its budget are always closely linked. If the indicators of an economy are sound, there is a room for expansionary fiscal stance and, in general, some concessions and incentives to the public can be offered.

Published 12 Jun, 2006 12:00am

SBP awakens from slumber

Imposition of cash margin requirement by a central bank is a selective credit control measure, designed to check the flow of credit to a particular economic activity and generally resorted to in exceptional circumstances.

Published 12 Jun, 2006 12:00am

SECP needs help

The Securities and Exchange Commission of Pakistan sent its inspectors to the Karachi and Lahore Stock Exchanges on Friday morning, to ascertain whether the recent sharp decline in the stock index was due to manipulation by some brokers.

Published 12 Jun, 2006 12:00am

'Foreign observers to monitor elections'

Federal Minister for Information, Muhammad Ali Duranni, has said that fair and impartial election would be held in the country and for monitoring these foreign observers were being invited here.

Published 12 Jun, 2006 12:00am

30,000 jobs to be available in tallest building's call centres

Karachi City Nazim Syed Mustafa Kamal has said after the completion of Pakistan's tallest building there would be 30,000 jobs available in 10,000 call centres.

Published 12 Jun, 2006 12:00am

No shortage of subsidised items in Sindh and Balochistan: USC

There was no shortage of subsidised items in the Sindh and Balochistan Utility Stores, said Zonal Manager, Masood Alam Niazi. Niazi, who is heads the utility stores of the two provinces - Sindh and Balochistan, was talking exclusively to the Daily Busi

Published 12 Jun, 2006 12:00am

MMA opposes early closure of markets

Karachi-based MPAs of Muttahida Majlis-i-Amal (MMA) Nasrullah Shaji, Hameedullah Khan advocate and Muhammad Younus Barai on Sunday expressed grave concern over continued loadshedding in Karachi and opposed early closure of city markets.
Published 12 Jun, 2006 12:00am

21.7 million tons wheat produced this year

Total wheat production during 2005-06 has been 21.7 million tons, while a carryover stock of 2.2 million tons wheat is also there from last year's crop, Agriculture Development Commissioner, Ministry of Food, Agriculture and Livestock, Dr Qadir Bakhsh Bal
Published 12 Jun, 2006 12:00am

Shaukat pays surprise visit to Sunday Bazaar

Prime Minister Shaukat Aziz Sunday afternoon visited Sunday Bazaar of G-9 to personally check prices of pulses and other basic commodities in the open market and Utility Store. It was a surprise and unscheduled visit by the Prime Minister and without any
Published 12 Jun, 2006 12:00am

Six NALC advisers to be named shortly

The government is likely to appoint six advisers in the Northern Areas Legislative Council (NALC) within a couple of days, a decision that has been pending for last one-and-a-half-year. Federal Minister for Kashmir Affairs and Northern Areas Major Tahir I
Published 12 Jun, 2006 12:00am

Work on Kachhi canal launched

Work on Kachhi canal began in Dera Bugti with the restoration of law and order in the district, Project Director Syed Muhammed Ali Shah told APP in an interview here on Sunday. He said the government had allocated Rs 5.5 billion to be spent on the project
Published 12 Jun, 2006 12:00am

KCCI praises Prime Minister for presenting balanced budget

The Karachi Chamber of Commerce and Industry (KCCI) appreciated Prime Minister Shaukat Aziz for presenting a balanced budget and preparing certain measures for reduction in cost of doing business said that the value-added textile manufacturing-cum-export
Published 12 Jun, 2006 12:00am

PBA concerned over 5 percent excise duty

Pakistan Banks' Association showed concern over imposition of 5 percent excise duty, instead of this, a surcharge on income may be levied through income tax.
Published 12 Jun, 2006 12:00am

319 watercourses to brick lined in Rahim Yar Khan

As many as 319 watercourses are being brick lined at a cost of Rs 340 million under watercourses reforms programme in the district. District Officer Water Management, Malik Saif-ur-Rehman, said this while briefing the Project Director of the national irri
Published 12 Jun, 2006 12:00am

Kamal to address Indian media team

City Nazim Syed Mustafa Kamal will address the visiting Indian delegation of South Asian Free Media Association (Safma) on June 12 at Old KMC Building. He will address the visiting delegation during their visit to City District Council, said a statement i
Published 12 Jun, 2006 12:00am

Call to retain duty on pre-fabricated steel structures

Lahore Chamber of Commerce and Industry (LCCI) President Mian Shafqat Ali, Senior Vice President Abdul Basit and Vice President Aftab Ahmad Vohra have demanded of the government to retain 25 percent duty structure on pre-fabricated steel buildings (HS Cod
Published 12 Jun, 2006 12:00am

MONEY WEEK: surging imports start eroding foreign exchange again

Except for a short period, the erosion of foreign exchange reserves has been an overriding feature of the current fiscal year even to the fag-end of it. In recent days, liquid foreign exchange reserves declined by $65 million between May 13 and June 3 - t
Published 12 Jun, 2006 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Nov 25

277.83

USD PKR Interbank Buying / Nov 25

277.73

USD to Japanese Yen / Nov 25

154.29

USD to Swiss Franc / Nov 25

0.89

Pound Sterling to USD / Nov 25

1.26

Euro to USD / Nov 25

1.05

Stock Volume

S&P 500 / Nov 22

5,969.34

Nasdaq / Nov 22

18,003.65

FTSE 100 / Nov 22

8,262.08

Dow Jones / Nov 22

44,296.51

Germany DAX 30 / Nov 22

19,322.59

France CAC40 / Nov 22

7,255.01

India Sensex / Nov 25

80,331.40

Tokyo Nikkei / Nov 25

38,933.62

Item Value

Gold 10 Grams PKR / Nov 22

240,483

Petrol/Litre / Nov 25

248.38

Crude Oil USD/Barrel / Nov 25

70.68

Karachi Cotton PKR/37.32 KG / Nov 25

17,685

Gold Spot USD/Ounce / Nov 25

2,664.27

Diesel/Litre / Nov 25

255.14

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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Selling gas to third parties

Telenor, Orion Towers: CCP completes formalities of PTCL’s acquisition

Tax dept barred from demanding post-dated cheque, bank certificate

NJLI Sarmaya Growth Fund Rates

Cars on the cards

Telenor, Orion Towers: CCP completes formalities of PTCL’s acquisition

FBR seeks compulsory retirement regime to clear ‘dead wood’

KSE-100 settles above 98,000 for the first time as buying rally continues

Gold price per tola falls Rs4,300 in Pakistan

Prosecution of non-filers: Tax expert supports upcoming tax law

Stabilisation without growth: ventilators are not for recovery

Balochistan’s road infrastructure: Govt sets 3-year timeline for Rs400bn projects

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 25	154.29
USD to Swiss Franc / Nov 25	0.89
Pound Sterling to USD / Nov 25	1.26
Euro to USD / Nov 25	1.05

Stock	Volume
S&P 500 / Nov 22	5,969.34
Nasdaq / Nov 22	18,003.65
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59
France CAC40 / Nov 22	7,255.01
India Sensex / Nov 25	80,331.40
Tokyo Nikkei / Nov 25	38,933.62

Item	Value
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 25	248.38
Crude Oil USD/Barrel / Nov 25	70.68
Karachi Cotton PKR/37.32 KG / Nov 25	17,685
Gold Spot USD/Ounce / Nov 25	2,664.27
Diesel/Litre / Nov 25	255.14

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