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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-06-23
Seoul shares gain

Seoul shares gain

South Korean shares rose nearly 1 percent on Thursday as a Wall Street rally following strong US corporate profits eased worries over growth in the world's largest economy, lifting exporters such as LG.Philips LCD.
Published 23 Jun, 2006 12:00am
FTSE holds onto modest gain

FTSE holds onto modest gain

Britain's top share index lost much of its earlier gain on Thursday after British Airways extended its losses, with investors disappointed by news the UK and United States are investigating air travel prices.
Published 23 Jun, 2006 12:00am
Cuba to triple sugar output

Cuba to triple sugar output

Cuba plans to nearly triple raw sugar output in the future from this year's 1.1 million to 1.2 million tonnes, official news agency AIN said Thursday.
Published 23 Jun, 2006 12:00am
Australia proceeding with wheat sales to Iraq

Australia proceeding with wheat sales to Iraq

Wheat Australia, the group formed to sell wheat to Iraq, said on Thursday it was proceeding with shipments to Iraq from a recent sale and had not been informed of Baghdad's threat to reconsider trade.
Published 23 Jun, 2006 12:00am
Oil climbs near $71 on resilient US demand

Oil climbs near $71 on resilient US demand

Oil climbed to near $71 a barrel on Thursday, after a smaller-than-expected rise in US gasoline stocks reignited talk of resilient oil demand in the world's top consumer, pushing inflation worries to the back burner.
Published 23 Jun, 2006 12:00am
Brazil corn exports to rise

Brazil corn exports to rise

Brazil, the world's No 3 corn producer, is set to export more corn as a growing share of the US crop is used to produce ethanol, a government analyst said on Thursday. The United States is the world's biggest corn exporter, shipping some 52 million tonnes
Published 23 Jun, 2006 12:00am
New York cotton futures plummet

New York cotton futures plummet

Cotton futures closed sharply lower Thursday on speculative liquidation and heavy switch trade from players getting out of the spot contract before deliveries get going next week.
Published 23 Jun, 2006 12:00am
London sugar down

London sugar down

London white sugar futures closed slightly down, and off one-month highs, on Thursday on trade selling after spending most of the session in positive territory, traders said.
Published 23 Jun, 2006 12:00am
Copper ends down

Copper ends down

Copper closed lower on Thursday, despite an early six percent rally on the London Metal Exchange, as investors scaled back positions, dealers said.
Published 23 Jun, 2006 12:00am
European gold crumbles

European gold crumbles

Gold gave back early speculative gains on Thursday as new long positions were quickly sold again. What initially seemed to be the start of a sustained rise was turned on its head by nervous investors banking quick profits.
Published 23 Jun, 2006 12:00am
US MIDDAY: coffee moves up

US MIDDAY: coffee moves up

Arabica coffee futures edged up Thursday, bolstered by independent brokers covering their short positions and a late spurt of buy orders from speculators and trade, market sources said.
Published 23 Jun, 2006 12:00am
US MIDDAY: cocoa mixed

US MIDDAY: cocoa mixed

Cocoa futures finished narrowly mixed Thursday, with a rising dollar prompting currency-related selling and depressing the front end of the price curve, exchange floor sources said.
Published 23 Jun, 2006 12:00am
US MIDDAY: sugar rises

US MIDDAY: sugar rises

Raw sugar prices closed Thursday at another three-week high due to steady trade and fund buying and brokers said sugar may have enough momentum to grind higher into next week.
Published 23 Jun, 2006 12:00am
US MIDDAY: wheat lower

US MIDDAY: wheat lower

Wheat futures at the Chicago Board of Trade were lower early on Thursday on a profit-taking setback after the strong gains on Wednesday, traders said. "We had a pretty good run-up and I think it's just setting back a little," a trader said.
Published 23 Jun, 2006 12:00am
US MIDDAY: corn slips

US MIDDAY: corn slips

Corn futures at the Chicago Board of Trade slipped early on Thursday as the weather remains conducive to the US corn crop as it approaches pollination in a few weeks, traders said.
Published 23 Jun, 2006 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

COMEX copper futures relinquished early gains on Thursday, as a stronger dollar and volatile trading conditions continued to hold the market on the defensive, prompting some investor profit-taking, sources said.
Published 23 Jun, 2006 12:00am
US MIDDAY: soyabeans firm

US MIDDAY: soyabeans firm

Soyabean futures at the Chicago Board of Trade were firm early on Thursday, partially supported by a strong monthly crush figure reported by the government, traders said.
Published 23 Jun, 2006 12:00am
US MIDDAY: precious metals retreat

US MIDDAY: precious metals retreat

Gold futures in New York eased early on Thursday, hit by selling amid a resurgent US dollar and despite a steady oil price above $70, traders said.
Published 23 Jun, 2006 12:00am
Punjab to spend Rs 4.5 billion on water filtration plants

Punjab to spend Rs 4.5 billion on water filtration plants

Various committees have been constituted in Punjab at district and tehsil level for ensuring proper monitoring of existing water filtration plants and early completion of sites selection for installing the remaining plants.
Published 23 Jun, 2006 12:00am
'Sindh to eliminate commercial blood donation culture'

'Sindh to eliminate commercial blood donation culture'

Pakistan is currently experiencing 40 percent shortfall against the need of three million point blood required each year, experts said addressing a seminar organised by Sindh Health Department and Hussaini Blood Bank here on Thursday.
Published 23 Jun, 2006 12:00am
Umrah agents to be registered

Umrah agents to be registered

The Ministry of Religious Affairs will develop a mechanism to streamline the Umrah system and register Pakistani agents for processing and endorsement of Umrah visa to eliminate sub-agents and other unauthorised persons.
Published 23 Jun, 2006 12:00am
PTV to air Mughal-e-Azam launching show

PTV to air Mughal-e-Azam launching show

Pakistan Television (PTV) will air the launching show of Indian movie Mughal-e-Azam during the first week of July on PTV-1. The show will be an exclusive event to be aired by the PTV. The event will comprise enactment of popular songs of Mughal-
Published 23 Jun, 2006 12:00am
132-KV grid station in Lakki Marwat approved

132-KV grid station in Lakki Marwat approved

Federal Minister for Water and Power, Liaquat Jatoi has approved construction of 132KV grid station at Tajazai in Lakki Marwat District and work on the project will be started shortly.
Published 23 Jun, 2006 12:00am
Pulses prices: private sectors belie government's claim

Pulses prices: private sectors belie government's claim

The dream of Minister of State for Finance Omar Ayub Khan that under an atmosphere of competition, the private sector will be compelled to bring down prices of essential food items, including pulses, is not coming true.
Published 23 Jun, 2006 12:00am
Economic stability: SBP will continue support to NWFP, hopes Siraj

Economic stability: SBP will continue support to NWFP, hopes Siraj

The NWFP Senior Minister Sirajul Haq has lauded the co-operation of State Bank of Pakistan for promotion of Islamic banking and maintaining financial discipline in the province. He expressed the confidence that the bank would continue supporting the provi
Published 23 Jun, 2006 12:00am
Financial autonomy to power supply companies opposed

Financial autonomy to power supply companies opposed

The NWFP Assembly on Thursday passed a resolution unanimously urging the federal government to shelve the proposed planning regarding financial autonomy to power supply companies, including Pesco, as it would adversely affect the rights of employees.
Published 23 Jun, 2006 12:00am
Labour leaders reject raise in working hours

Labour leaders reject raise in working hours

Trade unions federation, Labour wings of PML-N, People's Labour Bureau and Labour Party of Pakistan have rejected an increase in working hours from 8 to 12 hours a day and depriving the contract labour of overtime, describing it a negation of Charter of I
Published 23 Jun, 2006 12:00am
Senator accused of depriving poor families of land

Senator accused of depriving poor families of land

Workers of Communist Party of Pakistan and Naujawan Mahaz staged a protest demonstration against the ruling party senator, who allegedly deprived poor families of their ancestral land by force and involved the real owners of the occupied land into fake cr
Published 23 Jun, 2006 12:00am
Protection to local industry at consumers' cost?

Protection to local industry at consumers' cost?

It is quite evident from the budget that the government has realised itself that the automobile sector has not done enough to satisfy the customers to gain their confidence, be it after sales service or quality of the automobile as compared to similar bra
Published 23 Jun, 2006 12:00am
Performance of PTCL

Performance of PTCL

Now the UAE-based Telecommunication Company, Etisalat, has taken over the charge of PTCL after its privatisation, the standard and quality of telecommunication is still far from satisfactory for an ordinary telephone subscriber in Karachi.
Published 23 Jun, 2006 12:00am
Bird flu threat barely raises a stir in Bali

Bird flu threat barely raises a stir in Bali

Balinese farmer Wayan Murda clutches his rooster, gently stroking the tame bird. Like many Indonesians, he's heard of bird flu but doesn't know much about the virus.
Published 23 Jun, 2006 12:00am
Where we have failed in checking prices?

Where we have failed in checking prices?

The government has made every effort to control prices but the results have been negative. In a society where we have no principles code of conduct to play fair in business.
Published 23 Jun, 2006 12:00am
Federal insurance ombudsman: fool-proof programme needed

Federal insurance ombudsman: fool-proof programme needed

The Business Recorder of April 21, carried the happy news of the appointment of former Justice S. Ali Aslam Jafri as Federal Insurance Ombudsman (FIO) for a four-year term, with his office at Karachi.
Published 23 Jun, 2006 12:00am
Balochistan Budget

Balochistan Budget

Finance Minister Syed Ehsan Shah has unveiled in Balochistan Assembly a Rs 59.700 billion provincial budget for FY 2006-07, showing a staggering deficit of Rs 10.963 billion. The budget session was marked by a rumpus, with some opposition parliamentarians
Published 23 Jun, 2006 12:00am
Balochistan Budget

Balochistan Budget

Finance Minister Syed Ehsan Shah has unveiled in Balochistan Assembly a Rs 59.700 billion provincial budget for FY 2006-07, showing a staggering deficit of Rs 10.963 billion. The budget session was marked by a rumpus, with some opposition parliamentarians
Published 23 Jun, 2006 12:00am
Rising trend in Foreign Currency Deposits

Rising trend in Foreign Currency Deposits

The news that Foreign Currency Deposits (FCDs) under FE-25 scheme are showing a rising trend is somewhat disturbing. According to the latest data from the State Bank, the outstanding amount under this scheme rose to 3481 million dollars by the end of May,
Published 23 Jun, 2006 12:00am
US Consulate workshop for English teachers

US Consulate workshop for English teachers

The US Consulate in collaboration with the US Education Foundation in Pakistan (USEFP) on Wednesday conducted a workshop for participants of the South Asian Teacher Training Project (SATTP). The workshop focused on 'perceptual learning styles and implicat
Published 23 Jun, 2006 12:00am
PEAS-1122 provided first aid service to 2,245 persons

PEAS-1122 provided first aid service to 2,245 persons

Punjab Emergency and Ambulance Service-1122 (PEAS-1122), a component of Planning and Development Department, has provided first aid service to as many as 2,245 persons while 20,69 people were shifted to hospitals during the month of May.
Published 23 Jun, 2006 12:00am
Askari Bank's new branch opens at Shahalam market

Askari Bank's new branch opens at Shahalam market

Askari Commercial Bank Limited (ACBL) President Shaharyar Ahmad has inaugurated a new branch at Shahalam Market, here on Thursday. While talking to newsmen, the ACBL's President stated that the bank has maintained AA+ rating for the last three years.
Published 23 Jun, 2006 12:00am
144 water filtration plants to be installed in Balochistan

144 water filtration plants to be installed in Balochistan

Around 144 water filtration plants would be installed in Balochistan to ensure provision of clean drinking facility for the people of the province. Deputy Secretary Public Health Engineering Department Balochistan Javed Ahmed told PTV that work on 60 wate
Published 23 Jun, 2006 12:00am
Cargo handling deficiency creating problems for exporters

Cargo handling deficiency creating problems for exporters

Shortage of space at airports and Pakistan International Airlines (PIA) cargo handling deficiency creating problems for exporters. The streamlining of cargo handling system at all airports throughout the country is need of the hour to enhance the exports.
Published 23 Jun, 2006 12:00am
No fund for sports promotion in CDGR budget

No fund for sports promotion in CDGR budget

City District Government of Rawalpindi seems least bothered to promote sports in the area and has not allocated even a single penny for this sector.
Published 23 Jun, 2006 12:00am
Illegal gateway exchange seized

Illegal gateway exchange seized

Pakistan Telecommunication Authority (PTA) has busted an illegal gateway exchange in Karachi, causing around Rs 700,000 loss to national exchequer per month.
Published 23 Jun, 2006 12:00am
Pakistan to host UNWTO commission's meeting

Pakistan to host UNWTO commission's meeting

Commission for South Asia and Asia Pacific of United Nations World Tourism Organisation has decided to hold their next meeting in Islamabad at the end of April, 2007.
Published 23 Jun, 2006 12:00am
LHCBA member approaches Supreme Court

LHCBA member approaches Supreme Court

A member of the Lahore High Court Bar Association (LHCBA) has approached the Supreme Court of Pakistan against the decision of a full bench of the Lahore High Court (LHC) declaring remission awarded to the prisoners by President and Governor as contrary t
Published 23 Jun, 2006 12:00am
MTMIS project becomes functional

MTMIS project becomes functional

Pilot project of Motor Transport Management Information System (MTMIS), aiming at issuance of computerised registration books for newly purchased vehicles, has become fully functional at the office of Director Excise and Taxation, Farid Kot House, Lahore.
Published 23 Jun, 2006 12:00am
LCCI seeks steps to improve law and order

LCCI seeks steps to improve law and order

The LCCI President, Mian Shafqat Ali, Senior Vice President Abdul Basit and Vice President Aftab Ahmad Vohra, while expressing deep concern and anguish over dacoity at a feed factory at Sheikhupura Road.
Published 23 Jun, 2006 12:00am
Poultry industry recovering fast

Poultry industry recovering fast

Pakistan's poultry industry is on a fast recovery track after sustaining around Rs 10 billion losses due to infrequent bird flu strikes and scare during past one year.
Published 23 Jun, 2006 12:00am
IPI gas pricing issue still under discussion: spokesman

IPI gas pricing issue still under discussion: spokesman

The issue of price of Iranian gas for the Iran-Pakistan-India pipeline project was still under discussion between the three countries and negotiations were far from being exhausted, a spokesman of the Ministry of Petroleum and Natural Resources said on Th
Published 23 Jun, 2006 12:00am
PML accepts speaker's ruling: Arbab

PML accepts speaker's ruling: Arbab

Sindh Chief Minister Dr Arbab Ghulan Rahim said on Thursday that his party accepts the ruling given by Speaker Sindh Assembly Syed Muzaffar Hussain Shah on Wednesday's ugly incident in the Assembly.
Published 23 Jun, 2006 12:00am
Eshwar Lal's membership suspended for budget session

Eshwar Lal's membership suspended for budget session

Sindh Assembly Speaker Syed Muzaffar Hussain Shah on Thursday suspended the membership of ruling party member of Provincial Assembly Eshwar Lal for the current budget session.
Published 23 Jun, 2006 12:00am
Askari Commercial Bank rating maintained

Askari Commercial Bank rating maintained

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Askari Commercial Bank Limited (ACBL) at "AA+" (Double A Plus) and "A1+" (A One Plus) respectively. The ratings of the first and the second unsecured,
Published 23 Jun, 2006 12:00am
Askari Commercial Bank rating maintained

Askari Commercial Bank rating maintained

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Askari Commercial Bank Limited (ACBL) at "AA+" (Double A Plus) and "A1+" (A One Plus) respectively. The ratings of the first and the second unsecured,
Published 23 Jun, 2006 12:00am
PPPP membership campaign from June 25

PPPP membership campaign from June 25

PPPP Chief Election Commissioner Sajjad Bokhari has announced that second round of membership campaign of the party will be held from June 25 to July 11, 2006. While addressing a press conference here on Wednesday, Bokhari said that in second round, membe
Published 23 Jun, 2006 12:00am
Seminar on Sindh mineral resources ends

Seminar on Sindh mineral resources ends

The 2-day seminar on development of minerals of Sindh ended here on Wednesday evening after presentation of eleven papers by experts in different disciplines of minerals.
Published 23 Jun, 2006 12:00am
KCCI enters strategic alliance with Asian, European chambers

KCCI enters strategic alliance with Asian, European chambers

President, Karachi Chamber of commerce and Industry (KCCI) Haroon Farooki said that the chamber has recently entered into a strategic alliance between the Asian and European chambers to provide business service to the members of the respective chambers.
Published 23 Jun, 2006 12:00am
'Lahore Bachao' body formed

'Lahore Bachao' body formed

People hailing from different walks of life, while expressing their concern over environmental degradation in the City, have announced to launch 'save the trees on Lahore canal' campaign.
Published 23 Jun, 2006 12:00am
Land revenue record computerisation underway

Land revenue record computerisation underway

Implementation on the project of computerisation of land revenue record is underway, and computerisation of land record in two Kanungois circles of Lahore, (Raiwind & Pejian) has been completed where computerised 'Fards' are being issued.
Published 23 Jun, 2006 12:00am
Discussion on 'Child Protection Act' today

Discussion on 'Child Protection Act' today

A dialogue on "Child Protection Act" would be held here at local hotel on Friday. Minister for Social Welfare and Special Education, Zobaida Jalal would be chief guest on the occasion.
Published 23 Jun, 2006 12:00am
Training course for surgical industry concludes

Training course for surgical industry concludes

A two-day training course for surgical industry was successfully completed at Rachna College of Engineering & Technology, Gujranwala. The course was initiated under the directives of Punjab Governor Lieutenant General Khalid Maqbool (Retd) to keep the sur
Published 23 Jun, 2006 12:00am
Pak-US ties to be expanded further: Durrani

Pak-US ties to be expanded further: Durrani

Ambassador Mahmud Ali Durrani said on Wednesday that Pakistan and United States have a close and cordial relationship, which would expand further with passage of time. He said this while addressing participants of 'A Day on the Hill' held under the auspic
Published 23 Jun, 2006 12:00am
One killed as roof of factory collapses

One killed as roof of factory collapses

One person was killed while three others, including a girl injured when an under construction roof of a factory collapsed at Karol Ghatti, Bund road here on Thursday.
Published 23 Jun, 2006 12:00am
Federal hospitals to provide free dialysis, MRI: Prime Minister

Federal hospitals to provide free dialysis, MRI: Prime Minister

Prime Minister Shaukat Aziz on Thursday affirmed to ensure proper healthcare facilities for the under-privileged and said free dialysis and MRI treatment will be provided to the needy in all federal government hospitals.
Published 23 Jun, 2006 12:00am
The Weather

The Weather

The weather report on Thursday (June 22, 2006) and the forecast for Friday (June 23, 2006).
Published 23 Jun, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The budget session of the National Assembly was prorogued on Thursday evening as Prime Minister Shaukat Aziz offered his vote of thanks to the members on both sides of the aisle.
Published 23 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 23 Jun, 2006 12:00am
Militants kill three cops

Militants kill three cops

Militants shot dead three policemen in an ambush, police said Thursday. About a dozen attackers opened fire when a routine police patrol was crossing a bridge outside Bannu late Wednesday, a police statement said. "They killed a police inspector and two c
Published 23 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 23 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 22, 2006).

Published 23 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 22, 2006).

Published 23 Jun, 2006 12:00am
Walkout staged over Sindh Assembly incident

Walkout staged over Sindh Assembly incident

Combined opposition on Thursday staged a token walkout from the National Assembly to protest the sending of a 'chithi' to a PPPP lady MPA in the Sindh Assembly by a treasury member on Wednesday.
Published 23 Jun, 2006 12:00am
Key stock and currency market movements

Key stock and currency market movements

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 23 Jun, 2006 12:00am
National Assembly approves Rs 217 billion supplementary grants

National Assembly approves Rs 217 billion supplementary grants

Amid the opposition's chants of 'no', 'no', the National Assembly on Thursday okayed the historic Rs 217 billion overspending by the government's various departments with PM Secretariat taking the lead in drawing Rs 37.720 billion more than its budgetary
Published 23 Jun, 2006 12:00am
Journalist remanded in police custody

Journalist remanded in police custody

After a mysterious disappearance of four months, Jacobabad police on Thursday produced missing reporter of a private TV channel, Mukesh Rupeta, in a local court.
Published 23 Jun, 2006 12:00am
HSBC official meets Salman

HSBC official meets Salman

Niall Booker, Regional Head for Middle East region of the Hong Kong and Shanghai Banking Corporation (HSBC), called on Adviser to the Prime Minister on Finance Dr Salman Shah here on Thursday. Booker is currently visiting Pakistan for the opening of a bra
Published 23 Jun, 2006 12:00am
World Bank validates Pakistan''s poverty estimates

World Bank validates Pakistan''s poverty estimates

The World Bank has validated the Pakistan''s official poverty estimates as published recently in the Pakistan Survey 2005-06, World Bank sources said here on Thursday. The government has maintained consistency with past measures using the same poverty lin
Published 23 Jun, 2006 12:00am
World Bank validates Pakistan's poverty estimates

World Bank validates Pakistan's poverty estimates

The World Bank has validated the Pakistan's official poverty estimates as published recently in the Pakistan Survey 2005-06, World Bank sources said here on Thursday. The government has maintained consistency with past measures using the same poverty line
Published 23 Jun, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 22, 2006).

Published 23 Jun, 2006 12:00am
World Bank validates Pakistan's poverty estimates

World Bank validates Pakistan's poverty estimates

The World Bank has validated the Pakistan's official poverty estimates as published recently in the Pakistan Survey 2005-06, World Bank sources said here on Thursday. The government has maintained consistency with past measures using the same poverty line
Published 23 Jun, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (June 22, 2006) and for Friday (June 23, 2006).
Published 23 Jun, 2006 12:00am
Relief, growth with dignity ensured in budget: Shaukat

Relief, growth with dignity ensured in budget: Shaukat

Prime Minister Shaukat Aziz on Thursday said that growth with dignity and maximum relief for the common man were the two main objectives of the government which are fully ensured by the budget.
Published 23 Jun, 2006 12:00am
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