News Archives for Print - 2006-06-26 - Business Recorder

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Print - 2006-06-26

Rs 400 million SSUET budget approved

Rs 400 million SSUET budget approved

More than Rs 400 million budget of Sir Syed University of Engineering and Technology (SSUET) for the fiscal year 2006-07 was passed at a meeting of its board of governors, which met here on Sunday under the chairmanship of vice-chancellor Professor Dr Say

Published 26 Jun, 2006 12:00am

Imported wheat found infested

Imported wheat found infested

Sindh Chief Minister's Inquiries & Inspection Team (CMIT) has somehow detected that 30,000 tons wheat, worth Rs 310 million, has been infested by weevils in the Landhi godown, because of substandard fumigation.

Published 26 Jun, 2006 12:00am

Procedural delays cause lapse of Rs 7 billion uplift funds

Procedural delays cause lapse of Rs 7 billion uplift funds

The procedural delays in launching of certain development projects in Sindh during the fiscal year 2005-06, ending June 30 have caused lapse of Rs7 billion.

Published 26 Jun, 2006 12:00am

SBP may conduct open market operation to drain excess liquidity

SBP may conduct open market operation to drain excess liquidity

The State Bank of Pakistan (SBP) likely to conduct open market operation (OMO) this week to drain excess liquidity from the money market as several OMOs would mature, resulting in lowering of the overnight rates.

Published 26 Jun, 2006 12:00am

Airblue holds walk to celebrate second anniversary

Airblue holds walk to celebrate second anniversary

Airblue, the Pakistan's fastest growing airline celebrated its second anniversary in Karachi on Sunday for showing its civic commitment to the city by organising a walk-a-cause - the theme being 'I Love Karachi.'

Published 26 Jun, 2006 12:00am

Pakhtoon Jirga postpones strike call

Pakhtoon Jirga postpones strike call

The Pakhtoon Action Committee (Loya Jirga), which met on Sunday at Bacha Khan Center Karachi decided to postpone its June 30 strike call for a few weeks to give some time to the government for resolving the issues. The strike call was given to lodge prote

Published 26 Jun, 2006 12:00am

'CBR to broaden tax base and document economy'

'CBR to broaden tax base and document economy'

The Central Board of Revenue (CBR) has a determination and vision to broaden the tax base and to document the economy. This was stated by Abrar Ahmed, Regional Commissioner of Income Tax while speaking at a post-budget seminar organised by the Aga Khan Ec

Published 26 Jun, 2006 12:00am

PPPP holds workers convention

PPPP holds workers convention

Qasim Zia head of PPPP Punjab along with former Foreign Minister Sardar Asif Ahmad Ali, leaders of the party Altaf Qureshi, Navid Chaudhry, Sajida Malik, Shamim Niazi cut a cake to mark the 53rd birth anniversary of Benazir Bhutto in a workers convention

Published 26 Jun, 2006 12:00am

100 points identified in Karachi for Monsoon plan

100 points identified in Karachi for Monsoon plan

The Traffic Department of Capital City Police Karachi, as a part of its contingent plan for the ensuing monsoon, has identified about 100 points where the rain water accumulates and submerges roads causing traffic mess in the city. Such points are located

Published 26 Jun, 2006 12:00am

Medical college to be set up in Mirpurkhas: Arbab

Medical college to be set up in Mirpurkhas: Arbab

Sindh Chief Minister Dr Arbab Ghulam Rahim on Saturday said that a medical college would be established at Mirpurkhas. He said Rs 500 million has been allocated for the establishment of medical college in Mirpurkhas. This, the chief minister added, would

Published 26 Jun, 2006 12:00am

Five killed in Indian occupied Kashmir

Five killed in Indian occupied Kashmir

Four suspected freedom fighters and a federal policeman were killed on Sunday in occupied Kashmir, an army spokesman said. A member of the Central Reserve Police Force, or CRPF, and a suspected freedom fighter were killed in a clash in Kulgam, spokesman H

Published 26 Jun, 2006 12:00am

Shaukat reaffirms support to Kashmiris

Shaukat reaffirms support to Kashmiris

Prime Minister Shaukat Aziz has said on Sunday Pakistan will continue to extend its full moral, political and diplomatic support to the cause of Kashmiris until a just and honourable settlement of the Kashmir dispute is found acceptable to the people of K

Published 26 Jun, 2006 12:00am

Indian occupied Kashmir a disputed territory: APHC

Indian occupied Kashmir a disputed territory: APHC

All Parties Hurriyat Conference (APHC) on Sunday said Indian occupied Kashmir is a "disputed territory". "Indian occupied Kashmir is a disputed territory pending a resolution.

Published 26 Jun, 2006 12:00am

MONEY WEEK: monetary expansion catches up with last year''s level

MONEY WEEK: monetary expansion catches up with last year''s level

Monetary expansion has nearly reached the level it attained in early June in FY05. At Rs 396 billion, or 13.3 percent on June 10, 2006, monetary expansion closely followed the Rs 402 billion figure reached on June 11, 2005.

Published 26 Jun, 2006 12:00am

MONEY WEEK: monetary expansion catches up with last year's level

MONEY WEEK: monetary expansion catches up with last year's level

Monetary expansion has nearly reached the level it attained in early June in FY05. At Rs 396 billion, or 13.3 percent on June 10, 2006, monetary expansion closely followed the Rs 402 billion figure reached on June 11, 2005.

Published 26 Jun, 2006 12:00am

MONEY WEEK: monetary expansion catches up with last year's level

MONEY WEEK: monetary expansion catches up with last year's level

Monetary expansion has nearly reached the level it attained in early June in FY05. At Rs 396 billion, or 13.3 percent on June 10, 2006, monetary expansion closely followed the Rs 402 billion figure reached on June 11, 2005.

Published 26 Jun, 2006 12:00am

Hynix, creditors complete $1.5 billion stake sale

Hynix, creditors complete $1.5 billion stake sale

South Korea's Hynix Semiconductor Inc and its creditors completed a $1.5 billion stake sale on Sunday, the main creditor Korea Exchange Bank said, after negotiations about the allocation of shares had temporarily stalled the deal.

Published 26 Jun, 2006 12:00am

Hynix, creditors complete $1.5 billion stake sale

Hynix, creditors complete $1.5 billion stake sale

South Korea's Hynix Semiconductor Inc and its creditors completed a $1.5 billion stake sale on Sunday, the main creditor Korea Exchange Bank said, after negotiations about the allocation of shares had temporarily stalled the deal.

Published 26 Jun, 2006 12:00am

Cash-strapped Myanmar opens major jade auction

Cash-strapped Myanmar opens major jade auction

Myanmar's military rulers opened a major auction of jade on Sunday, in what has become an increasingly important source of income for the cash-strapped junta.

Published 26 Jun, 2006 12:00am

Tanigaki says tax hike should be decided next year

Tanigaki says tax hike should be decided next year

Japanese Finance Minister Sadakazu Tanigaki said on Sunday it would be best to decide on raising the country's consumption tax in the fiscal year starting next April.

Published 26 Jun, 2006 12:00am

Lahore stocks scale up

Lahore stocks scale up

Share values scaled up and, despite immense pressure witnessed on Friday, made a net gain of 4.05 percent amid ascending transaction volume on Lahore Stock Exchange (LSE) during the past week, ended June 23, 2006.

Published 26 Jun, 2006 12:00am

Lahore stocks scale up

Lahore stocks scale up

Share values scaled up and, despite immense pressure witnessed on Friday, made a net gain of 4.05 percent amid ascending transaction volume on Lahore Stock Exchange (LSE) during the past week, ended June 23, 2006.

Published 26 Jun, 2006 12:00am

Court judgement: a post-mortem

Court judgement: a post-mortem

While government functionaries are putting on a brave face and seem confident that the Council of Common Interests, when constituted, would approve the privatisation of Pakistan Steel, independent observers feel that the aftershocks of the Supreme Court j

Published 26 Jun, 2006 12:00am

Court judgement: a post-mortem

Court judgement: a post-mortem

While government functionaries are putting on a brave face and seem confident that the Council of Common Interests, when constituted, would approve the privatisation of Pakistan Steel, independent observers feel that the aftershocks of the Supreme Court j

Published 26 Jun, 2006 12:00am

Court judgement: a post-mortem

Court judgement: a post-mortem

While government functionaries are putting on a brave face and seem confident that the Council of Common Interests, when constituted, would approve the privatisation of Pakistan Steel, independent observers feel that the aftershocks of the Supreme Court j

Published 26 Jun, 2006 12:00am

CFS rises to Rs 16.99 billion

CFS rises to Rs 16.99 billion

Rising interest from general investors raised the financing from the Continued Funding System (CFS), witnessing higher demands, which had remained pegged at lower level for the past over two weeks.

Published 26 Jun, 2006 12:00am

CFS rises to Rs 16.99 billion

CFS rises to Rs 16.99 billion

Rising interest from general investors raised the financing from the Continued Funding System (CFS), witnessing higher demands, which had remained pegged at lower level for the past over two weeks.

Published 26 Jun, 2006 12:00am

CFS rises to Rs 16.99 billion

CFS rises to Rs 16.99 billion

Rising interest from general investors raised the financing from the Continued Funding System (CFS), witnessing higher demands, which had remained pegged at lower level for the past over two weeks.

Published 26 Jun, 2006 12:00am

CFS rises to Rs 16.99 billion

CFS rises to Rs 16.99 billion

Rising interest from general investors raised the financing from the Continued Funding System (CFS), witnessing higher demands, which had remained pegged at lower level for the past over two weeks.

Published 26 Jun, 2006 12:00am

KSE: six-week long bearish spell ends

KSE: six-week long bearish spell ends

The six-week long bearish spell finally ended last week where index gained almost two percent, after KSE management revised the exit mechanism rule resulting in fresh buying in key stocks which had touched lower levels and proved attractive for long-term

Published 26 Jun, 2006 12:00am

KSE: six-week long bearish spell ends

KSE: six-week long bearish spell ends

The six-week long bearish spell finally ended last week where index gained almost two percent, after KSE management revised the exit mechanism rule resulting in fresh buying in key stocks which had touched lower levels and proved attractive for long-term

Published 26 Jun, 2006 12:00am

KSE: six-week long bearish spell ends

KSE: six-week long bearish spell ends

The six-week long bearish spell finally ended last week where index gained almost two percent, after KSE management revised the exit mechanism rule resulting in fresh buying in key stocks which had touched lower levels and proved attractive for long-term

Published 26 Jun, 2006 12:00am

Supreme Court verdict on PSM won''t upset sell-off policy: Shaukat

Supreme Court verdict on PSM won''t upset sell-off policy: Shaukat

Prime Minister Shaukat Aziz said on Sunday the Supreme Court verdict on Pakistan Steel Mills (PSM) would not disturb the privatisation policy of the government. "There is no any setback.....we honour Supreme Court decision and everything would be done acc

Published 26 Jun, 2006 12:00am

Supreme Court verdict on PSM won't upset sell-off policy: Shaukat

Supreme Court verdict on PSM won't upset sell-off policy: Shaukat

Prime Minister Shaukat Aziz said on Sunday the Supreme Court verdict on Pakistan Steel Mills (PSM) would not disturb the privatisation policy of the government. "There is no any setback.....we honour Supreme Court decision and everything would be done acc

Published 26 Jun, 2006 12:00am

Supreme Court verdict on PSM won't upset sell-off policy: Shaukat

Supreme Court verdict on PSM won't upset sell-off policy: Shaukat

Prime Minister Shaukat Aziz said on Sunday the Supreme Court verdict on Pakistan Steel Mills (PSM) would not disturb the privatisation policy of the government. "There is no any setback.....we honour Supreme Court decision and everything would be done acc

Published 26 Jun, 2006 12:00am

Jamadi-us-Sani moon may be sighted today

Jamadi-us-Sani moon may be sighted today

The new moon may be sighted tomorrow (Monday), and the first of Jamadi-us-Sani 1427 AH will thus fall on Tuesday. According to astronomical parameters there is a good chance of sighting the Jamadi-us-Sani moon today. The moon crossed the con

Published 26 Jun, 2006 12:00am

Jamadi-us-Sani moon may be sighted today

Jamadi-us-Sani moon may be sighted today

The new moon may be sighted tomorrow (Monday), and the first of Jamadi-us-Sani 1427 AH will thus fall on Tuesday. According to astronomical parameters there is a good chance of sighting the Jamadi-us-Sani moon today. The moon crossed the con

Published 26 Jun, 2006 12:00am

Companies raised Rs 13.7 billion from debt-equity market in fiscal year 2006

Companies raised Rs 13.7 billion from debt-equity market in fiscal year 2006

Companies raised Rs 3.6 billion from selling shares through stock market and Rs 10.1 billion through selling debts during the current fiscal year, slowing down from the preceding financial year, but received overwhelming response from the general public.

Published 26 Jun, 2006 12:00am

Companies raised Rs 13.7 billion from debt-equity market in fiscal year 2006

Companies raised Rs 13.7 billion from debt-equity market in fiscal year 2006

Companies raised Rs 3.6 billion from selling shares through stock market and Rs 10.1 billion through selling debts during the current fiscal year, slowing down from the preceding financial year, but received overwhelming response from the general public.

Published 26 Jun, 2006 12:00am

Companies raised Rs 13.7 billion from debt-equity market in fiscal year 2006

Companies raised Rs 13.7 billion from debt-equity market in fiscal year 2006

Companies raised Rs 3.6 billion from selling shares through stock market and Rs 10.1 billion through selling debts during the current fiscal year, slowing down from the preceding financial year, but received overwhelming response from the general public.

Published 26 Jun, 2006 12:00am

Companies raised Rs 13.7 billion from debt-equity market in fiscal year 2006

Companies raised Rs 13.7 billion from debt-equity market in fiscal year 2006

Companies raised Rs 3.6 billion from selling shares through stock market and Rs 10.1 billion through selling debts during the current fiscal year, slowing down from the preceding financial year, but received overwhelming response from the general public.

Published 26 Jun, 2006 12:00am

Security clearance a must for coal gas exploration licence

Security clearance a must for coal gas exploration licence

The federal government has made security clearance mandatory for the companies intending to start reconnaissance survey for exploration and production of Coal Bed Methane (CBM), hydrocarbon gas contained in coal seams, official sources told Business Re

Published 26 Jun, 2006 12:00am

Security clearance a must for coal gas exploration licence

The federal government has made security clearance mandatory for the companies intending to start reconnaissance survey for exploration and production of Coal Bed Methane (CBM), hydrocarbon gas contained in coal seams, official sources told Business Re
Published 26 Jun, 2006 12:00am

Security clearance a must for coal gas exploration licence

The federal government has made security clearance mandatory for the companies intending to start reconnaissance survey for exploration and production of Coal Bed Methane (CBM), hydrocarbon gas contained in coal seams, official sources told Business Re
Published 26 Jun, 2006 12:00am

Probe ordered into faulty sales tax refunds system

Central Board of Revenue Chairman Abdullah Yusuf has ordered full-fledged investigation into the flaws of computerised ''risk-based refund analysis system'', which is creating problems for exporters in claiming sales tax refund.
Published 26 Jun, 2006 12:00am

Probe ordered into faulty sales tax refunds system

Central Board of Revenue Chairman Abdullah Yusuf has ordered full-fledged investigation into the flaws of computerised 'risk-based refund analysis system', which is creating problems for exporters in claiming sales tax refund.
Published 26 Jun, 2006 12:00am

Probe ordered into faulty sales tax refunds system

Central Board of Revenue Chairman Abdullah Yusuf has ordered full-fledged investigation into the flaws of computerised 'risk-based refund analysis system', which is creating problems for exporters in claiming sales tax refund.
Published 26 Jun, 2006 12:00am

THE RUPEE: rates move both ways

The rush for clearance of import bills pushed the demand for dollars higher in the currency market last week, money experts said. In the interbank market, the rupee gained 8 paisa versus dollar at Rs 60.18 and Rs 60.20 for buying and selling, respectively
Published 26 Jun, 2006 12:00am

THE RUPEE: rates move both ways

The rush for clearance of import bills pushed the demand for dollars higher in the currency market last week, money experts said. In the interbank market, the rupee gained 8 paisa versus dollar at Rs 60.18 and Rs 60.20 for buying and selling, respectively
Published 26 Jun, 2006 12:00am

Militants call month-long ceasefire in Waziristan

Pro-Taleban militants on Sunday called a month-long cease-fire in the tribal region on the Afghan border to give tribal elders a chance to broker a settlement.
Published 26 Jun, 2006 12:00am

Militants call month-long ceasefire in Waziristan

Pro-Taleban militants on Sunday called a month-long cease-fire in the tribal region on the Afghan border to give tribal elders a chance to broker a settlement.
Published 26 Jun, 2006 12:00am

48 rebels killed in Afghan battle

Two coalition soldiers and up to 48 rebels have been killed in southern Afghanistan where the biggest anti-Taliban operation is under way, the military said on Sunday.
Published 26 Jun, 2006 12:00am

48 rebels killed in Afghan battle

Two coalition soldiers and up to 48 rebels have been killed in southern Afghanistan where the biggest anti-Taliban operation is under way, the military said on Sunday.
Published 26 Jun, 2006 12:00am

Multimillion GST refund scam: judgement on suspect''s bail plea today

The customs special judge, Karachi, on Monday would announce judgement on the bail application of Raja Zaraat, major suspect in the multimillion GST scam. Sources told Business Recorder on Sunday that the fate of Zaraat in the largest sales tax ref
Published 26 Jun, 2006 12:00am

Multimillion GST refund scam: judgement on suspect's bail plea today

The customs special judge, Karachi, on Monday would announce judgement on the bail application of Raja Zaraat, major suspect in the multimillion GST scam. Sources told Business Recorder on Sunday that the fate of Zaraat in the largest sales tax ref
Published 26 Jun, 2006 12:00am

Multimillion GST refund scam: judgement on suspect's bail plea today

The customs special judge, Karachi, on Monday would announce judgement on the bail application of Raja Zaraat, major suspect in the multimillion GST scam. Sources told Business Recorder on Sunday that the fate of Zaraat in the largest sales tax ref
Published 26 Jun, 2006 12:00am

Four Russian hostages executed in Iraq

Iraqi Prime Minister Nuri al-Maliki unveiled to MPs Sunday a long-awaited national reconciliation plan aimed at quelling insurgent attacks and mounting sectarian violence.
Published 26 Jun, 2006 12:00am

Four Russian hostages executed in Iraq

Iraqi Prime Minister Nuri al-Maliki unveiled to MPs Sunday a long-awaited national reconciliation plan aimed at quelling insurgent attacks and mounting sectarian violence.
Published 26 Jun, 2006 12:00am

Cordial ties with Kabul in Pakistan's interest: Kasuri

Foreign Minister Khurshid Mehmood Kasuri has said that cordial ties with Afghanistan are in Pakistan's interest. In an interview with BBC Radio, he said, "cordial relations with Afghanistan are in favour of Pakistan to create a congenial atmosphere for th
Published 26 Jun, 2006 12:00am

Kabul rulers can't run country with others' wisdom: Mulla Omer

A Pakistan television channel on Sunday broadcast what it said was an audiotape from the leader of Taleban, Mulla Omar, claiming that his fighters still controlled large parts of Afghanistan.
Published 26 Jun, 2006 12:00am

New Delhi to supply advance flood information

The Indian government will transmit advanced information to Pakistan regarding river flows during flood season commencing from July 1, 2006. Agreement to this effect was signed between Pakistan and Indian delegations on Indus Basin Water Commission here o
Published 26 Jun, 2006 12:00am

New Delhi to supply advance flood information

The Indian government will transmit advanced information to Pakistan regarding river flows during flood season commencing from July 1, 2006. Agreement to this effect was signed between Pakistan and Indian delegations on Indus Basin Water Commission here o
Published 26 Jun, 2006 12:00am

'We aspire to go beyond'

On September 15 2001, under the supervision of the State Bank of Pakistan (SBP), the institution then known as the Prudential Bank was acquired by the management and associates of the Saudi Pak Industrial and Agricultural Investment Company (Pvt) Ltd (SAP
Published 26 Jun, 2006 12:00am

Growth of e-Banking in Pakistan

The global market for electronic transactions is growing at a phenomenal rate and this trend will continue in the coming years, taking aggregate market to trillion of dollars by the year 2006.
Published 26 Jun, 2006 12:00am

Paper clearing-the next step

Manager e-Business Development & Technical Support to CEO National Institutional Facilitation Technologies Pvt. In early 90s it was felt that the prevalent manual clearing system to clear banking instruments was in adequate to meet the needs of growing fi
Published 26 Jun, 2006 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 26 Jun, 2006 12:00am

The Weather

The weather report on Sunday (June 25, 2006) and the forecast for Monday (June 26, 2006).
Published 26 Jun, 2006 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (June 26, 2006).

Published 26 Jun, 2006 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (June 26, 2006).

Published 26 Jun, 2006 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (June 26, 2006).

Published 26 Jun, 2006 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2005)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 26 Jun, 2006 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 19 to 24, 2006).

Published 26 Jun, 2006 12:00am

Sugar and Allied Industries: HUSEIN SUGAR MILLS LIMITED - Year Ended September 30, 2005 (Audited)

Husein Sugar Mills Limited (Husein Sugar) is a public limited company incorporated (No KAR.1941 of 1965-66) in Pakistan under the Companies Act, 1913 (Now Companies Ordinance, 1984). Shares of Husein Sugar are listed on Karachi and Lahore stock exchanges.
Published 26 Jun, 2006 12:00am

Sugar and Allied Industries: HUSEIN SUGAR MILLS LIMITED - Year Ended September 30, 2005 (Audited)

Husein Sugar Mills Limited (Husein Sugar) is a public limited company incorporated (No KAR.1941 of 1965-66) in Pakistan under the Companies Act, 1913 (Now Companies Ordinance, 1984). Shares of Husein Sugar are listed on Karachi and Lahore stock exchanges.
Published 26 Jun, 2006 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (June 25, 2006).
Published 26 Jun, 2006 12:00am

Harbhajan back with a bang

Harbhajan Singh made a triumphant return to the Indian side taking five wickets for the 18th time in Tests on the third day of the third Test against West Indies on Saturday at Warner Park.
Published 26 Jun, 2006 12:00am

Jayawardene leads Sri Lanka to England series win

Sri Lanka captain Mahela Jayawardene's seventh one-day international hundred saw his side to an eight-wicket win over an outclassed England at the Riverside here Saturday, as the tourists went an unbeatable 3-0 up in the five-match NatWest Series.
Published 26 Jun, 2006 12:00am

Jaffer paves the way for strong Indian response

Opening batsman Wasim Jaffer hit a half-century and shared two vital stands to help India make a strong reply in the third Test against West Indies at Warner Park here on Saturday.
Published 26 Jun, 2006 12:00am

Inzamam wants winning England swan song

Pakistan captain Inzamamul Haq said he would love a win on his final England tour as his side fly out on Sunday for a tough two-and-a-half month tour. Inzamam is leading the 15-men squad to England where they will play four Tests, five one-day internation
Published 26 Jun, 2006 12:00am

Wimledon order of play

Order of play for the main showcourts at Wimbledon on Monday (x denotes seeding):
Published 26 Jun, 2006 12:00am

End of an era as legend Agassi bows out of tennis

An end of an era was heralded when American tennis legend Andre Agassi announced his retirement amid ringing praise from those involved in the sport. One of only five men to have won all Grand Slam titles - and the sole winner on essentially four differen
Published 26 Jun, 2006 12:00am

Sharapova seeks to rediscover fearlessness of youth

Maria Sharapova believes she can reclaim the Wimbledon title by rediscovering the fearless approach that brought her the title as a 17-year-old. Sharapova stunned the tennis world when she beat Serena Williams in straight sets in the 2004 final but she ha
Published 26 Jun, 2006 12:00am

Nadal ready for challenge to derail Federer Express

Rafael Nadal has declared himself fit and ready for his bid to stop Roger Federer's drive towards a fourth straight Wimbledon title. The Spaniard, who has beaten Federer in six of their seven meetings, saw his preparations for this year's tournament dis

Published 26 Jun, 2006 12:00am

Gasquet sets sights on Federer

France's Richard Gasquet insisted on Sunday he has a chance of shocking reigning Wimbledon champion Roger Federer when he takes on the world number one at the All-England club.
Published 26 Jun, 2006 12:00am

Maxi magic powers Argentina past gallant Mexico

A superb goal eight minutes into extra-time by Maxi Rodriguez sealed Argentina's 2-1 win over Mexico here on Saturday and a mouth-watering clash with Germany in the World Cup quarter-finals next Friday.
Published 26 Jun, 2006 12:00am

Spain will tease out French weaknesses: Ibanez

Spain see their match on Tuesday against France as the chance to put one over their neighbours with a World Cup quarter-final place at stake and believe they are the favourites.
Published 26 Jun, 2006 12:00am

Beckham fires England into last eight

Captain David Beckham fired home a long-range free kick to give England a 1-0 World Cup win over Ecuador on Sunday and a place in the quarter-finals.
Published 26 Jun, 2006 12:00am

Market volatility cause for concern: Saudi central bank

The recent rise in financial market volatility is a cause for concern but the increase is due to uncertainty over the impact of higher interest rates on inflation and growth, Saudi Arabia's central bank chief said on Sunday.
Published 26 Jun, 2006 12:00am

Iran not ready to ration petrol: MP

A plan by Iran to halt petrol imports and begin rationing is unlikely to begin soon, a senior MP said Sunday, two days after the Islamic republic's oil minister said the measure would start in September.
Published 26 Jun, 2006 12:00am

Arcelor, Mittal close to agreement

The world's two largest steel producers, Mittal Steel and Arcelor, were reported close to an agreement Sunday to create a global steel giant after Mittal raised its offer to Arcelor by seven percent.
Published 26 Jun, 2006 12:00am

Global trade talks head for 'do or die' week

Global trade talks face a possible "do or die" week with WTO chief Pascal Lamy warning that without some big decisions soon the negotiations could fail after more than four years of wrangling.
Published 26 Jun, 2006 12:00am

Mediterranean rim states seek EU aid at talks

North African and East Mediterranean countries are expected to voice commitment to economic reforms in exchange for billions of euros in European Union (EU) aid at a meeting in Tunis on Sunday and Monday.
Published 26 Jun, 2006 12:00am

Eurozone data to show robust inflation

Eurozone statistics to be released this week are expected to reveal an inflation rate well above the European Central Bank's (ECB) target as well as strong money supply growth, suggesting further rate hikes in the 12-nation bloc.
Published 26 Jun, 2006 12:00am

Indian firm develops key Zambian copper mine

Indian mining firm Vedanta Resources on Sunday unveiled a slew of projects to enable Zambia's largest mine to nearly treble copper production to six million tonnes a year, an official said.
Published 26 Jun, 2006 12:00am

Saudi Arabia has no plan to revalue riyal

Saudi Arabia has no plan to revalue its currency as domestic inflation is low and a Gulf economic bloc commits it to sticking to the fixed exchange rate, the country's central bank chief said on Sunday.
Published 26 Jun, 2006 12:00am

Fed to hike interest rates 25 basis point again

The Federal Reserve is expected to lift interest rates again this week to 5.25 percent in its seventeenth straight quarter percentage point hike and signal that further increases may be needed to keep inflation at bay.
Published 26 Jun, 2006 12:00am

Fed's Kohn takes on top global stability job

The G10 group of central bankers on Sunday named Donald Kohn, vice-chairman of the US Federal Reserve, as chairman of the Committee on the Global Financial System (CGFS).
Published 26 Jun, 2006 12:00am

Sun blocks may lead to nerve damage

Tiny particles used in some sun protection creams have the potential to cause nerve damage, researchers in the US say. It may not necessarily imply that these microscopic grains, which are also used in consumer products such as some toothpastes and cosmet
Published 26 Jun, 2006 12:00am

Fewer night flights could cut climate change impact

Cutting the number of flights that take off at night could help to reduce the contribution of aviation to global warming, researchers said on June 14. Night flights contribute to climate change because the white streaks of condensation, or contrails, left
Published 26 Jun, 2006 12:00am

One in four suffers from bad breath

The bad breath is widespread healthcare problem, affecting up to a quarter of adults on a regular basis. It means that one in four persons suffers from this problem, which can negatively impact the individual's personal and business relationships, leading
Published 26 Jun, 2006 12:00am

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Currency Rate

USD PKR Interbank Selling / Nov 22

277.85

USD PKR Interbank Buying / Nov 22

277.65

USD to Japanese Yen / Nov 23

154.78

USD to Swiss Franc / Nov 23

0.89

Pound Sterling to USD / Nov 23

1.25

Euro to USD / Nov 23

1.04

Stock Volume

S&P 500 / Nov 22

5,969.34

India Sensex / Nov 22

79,117.11

Tokyo Nikkei / Nov 22

38,283.85

Nasdaq / Nov 22

18,003.65

Hang Seng / Nov 22

19,229.97

FTSE 100 / Nov 22

8,262.08

Dow Jones / Nov 22

44,296.51

Germany DAX 30 / Nov 22

19,322.59

Item Value

Karachi Cotton PKR/37.32 KG / Nov 22

17,785

Gold 10 Grams PKR / Nov 22

240,483

Crude Oil USD/Barrel / Nov 23

71.24

Gold Spot USD/Ounce / Nov 23

2,716.19

Cotton US¢/pound / Nov 23

70.77

Petrol/Litre / Nov 24

248.38

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 24

786 Investments Limited(786)

6.82

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 24

Al-Abbas Sugar Mills Limited(AABS)

593.76

▼ 0.00 (0.00%)

Agro Allianz / Nov 24

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 24

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 24

Ali Asghar Textile Mills Limited(AATM)

70.89

▼ 0.00 (0.00%)

Allied Bank / Nov 24

Allied Bank Limited(ABL)

120.21

▼ 0.00 (0.00%)

Abbott Lab. / Nov 24

Abbott Laboratories (Pakistan) Limited(ABOT)

1,023.10

▼ 0.00 (0.00%)

Abson Ind. / Nov 24

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 24

Alfalah Consumer Index ETF.(ACIETF)

12.55

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 24

786 Investments Limited(786)

6.82

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 24

Al-Abbas Sugar Mills Limited(AABS)

593.76

▲ 0.00 (0.00%)

Agro Allianz / Nov 24

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 24

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 24

Ali Asghar Textile Mills Limited(AATM)

70.89

▲ 0.00 (0.00%)

Allied Bank / Nov 24

Allied Bank Limited(ABL)

120.21

▲ 0.00 (0.00%)

Abbott Lab. / Nov 24

Abbott Laboratories (Pakistan) Limited(ABOT)

1,023.10

▲ 0.00 (0.00%)

Abson Ind. / Nov 24

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 24

Alfalah Consumer Index ETF.(ACIETF)

12.55

▲ 0.00 (0.00%)

Stock Volume

WorldCall Telecom / Nov 24

Worldcall Telecom Limited(WTL)

177,135,830

▲ 0.00

K-Electric Ltd. / Nov 24

K-Electric Limited(KEL)

124,131,268

▲ 0.00

Hascol Petrol / Nov 24

Hascol Petroleum Limited(HASCOL)

105,013,176

▲ 0.00

Fauji Foods Ltd / Nov 24

Fauji Foods Limited(FFL)

77,697,371

▲ 0.00

Treet Battery / Nov 24

Treet Battery Limited(TBL)

43,783,366

▲ 0.00

B.O.Punjab / Nov 24

The Bank of Punjab(BOP)

36,573,763

▲ 0.00

Sui South Gas / Nov 24

Sui Southern Gas Company Limited(SSGC)

32,719,678

▲ 0.00

PIA Holding Co.Ltd / Nov 24

PIA Holding Company Limited(PIAHCLA)

27,969,689

▲ 0.00

Cnergyico PK / Nov 24

Cnergyico PK Limited(CNERGY)

25,874,820

▲ 0.00

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