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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-07-05
US Treasury dept prices plunge

US Treasury dept prices plunge

US Treasury debt prices fell in thin pre-holiday trade on Monday because of perceptions that the underlying components of a manufacturing report were stronger than the overall figure suggested.
Published 05 Jul, 2006 12:00am
Asthma on the rise in Pakistan

Asthma on the rise in Pakistan

Asthma cases have risen 50 percent in the last 10 years world-wide, while in Pakistan up to 10 percent of the population is estimated to be suffering from this condition.
Published 05 Jul, 2006 12:00am
PIA's Frequent Flyer Awards Plus programme

PIA's Frequent Flyer Awards Plus programme

Pakistan International Airlines in continued quest for excellence to be a world class airline now offers Awards Plus, an exclusive programme for customers who frequently travel with national flag carrier.
Published 05 Jul, 2006 12:00am
Telenor ranked 25th in technology industry

Telenor ranked 25th in technology industry

Telenor checks in at number 25 in Business Week's global ranking of top 100 performer in the technology industry. In the Europe-only section, Telenor has successfully landed on the 5th slot. In this global ranking Telenor is listed together with leading p
Published 05 Jul, 2006 12:00am
Warid and Chimera ink deal

Warid and Chimera ink deal

Warid Telecom has joined hands with Chimera to launch a special promotion to offer popular mobile phones to new subscribers. These sets are offered free of cost with Warid post-paid connections and at very low prices with prepaid connections bought from C
Published 05 Jul, 2006 12:00am
Call for enhancing alternative energy activities

Call for enhancing alternative energy activities

Chairman, Korangi Association of Trade and Industry (KATI), Gulzar Firoz has urged the government to enhance its activities in developing alternative energy resources to meet the power shortage in the country.
Published 05 Jul, 2006 12:00am
Quran Khwani

Quran Khwani

Quran Khwani for the mother of Syed Sohail Hassan, General Manager, Maxim Advertising, will be held on Wednesday between Asr and Maghrib at his residence, D-14, KDA Apartments, opposite Urdu Science College, University Road, Gulshan-e-Iqbal, Karachi.
Published 05 Jul, 2006 12:00am
Large quantity of narcotics burnt

Large quantity of narcotics burnt

Pakistan Coast Guards on Tuesday burnt to ashes large quantity of narcotics captured by it during various operations. The narcotic burning ceremony was witnessed by Drug Liaison Officers of various countries and officials of various anti-narcotic agencies
Published 05 Jul, 2006 12:00am
Motorway police

Motorway police

The National Highways & Motorway police have reunited three lost children with their parents. Motorway police had recovered three lost children from different areas of the country, according to a press release.
Published 05 Jul, 2006 12:00am
Distribution of free textbooks before August 15 ordered

Distribution of free textbooks before August 15 ordered

Sindh Minister for Education and Literacy Dr Hamida Khuhro has ordered the authorities to forge a disbursement plan and ensure that no student of class one to 10 is deprived of free textbooks.
Published 05 Jul, 2006 12:00am
Deplorable lack of will

Deplorable lack of will

It was nearly three months ago that Prime Minister Shaukat Aziz had constituted an inter-ministerial committee, in the light of a labour ministry proposal, to review a draft bill that aims to make necessary amendments in some controversial clauses of the
Published 05 Jul, 2006 12:00am
Lamy's timely warning on global trade

Lamy's timely warning on global trade

It seems that the current round of global trade talks at Geneva is headed for a cull de sac, as WTO chief Pascal Lamy has warned. Failure of the talks, Lamy said, will damage WTO, triggering an injurious ripple effect for the global multilateral trading s
Published 05 Jul, 2006 12:00am
Taxation of Takaful insurance-II

Taxation of Takaful insurance-II

The basis of taxation under the 4th Schedule of Income Tax Ordinance, 2001 is the Insurance Ordinance, 2000 and the Insurance Rules governing the Insurance Companies in Pakistan which are administered by the Securities and Exchange Commission of Pakistan.
Published 05 Jul, 2006 12:00am
Bikers rev up where old Tibet and new China meet

Bikers rev up where old Tibet and new China meet

Tibetan herdsmen in cowboy hats and traditional robes roar by on gaudy motorbikes. Sun-baked nomads wander around shops owned by Han Chinese migrants. Tibetan and Cantonese pop blares from music stores.
Published 05 Jul, 2006 12:00am
Tiny Alpine state flourishes after 200 hard years

Tiny Alpine state flourishes after 200 hard years

Liechtenstein, said the British Foreign Office's top mandarin Alexander Cadogan on the eve of World War Two, "is an historical curiosity and only exists by mistake".
Published 05 Jul, 2006 12:00am
Poor pensioners

Poor pensioners

I fully agree with the presentation in the letter dated 21 June 2006, of Nisar Ahmed of Karachi on the 'Dearness Allowance' that appeared in your paper.
Published 05 Jul, 2006 12:00am
KESC's sorry performance

KESC's sorry performance

Allow me to refer to KESC's performance under privatised management. Frequency of power outages was never as much as it is now. It is taking place both during day and night at all hours.
Published 05 Jul, 2006 12:00am
Humayun meets Ibad, discusses trade policy

Humayun meets Ibad, discusses trade policy

Federal Commerce Minister Humayun Akhtar on Tuesday called on Sindh Governor Dr Ishratul Ibad Khan at the Governor's House and discussed salient features of the forthcoming trade policy.
Published 05 Jul, 2006 12:00am
Humayun meets Ibad, discusses trade policy

Humayun meets Ibad, discusses trade policy

Federal Commerce Minister Humayun Akhtar on Tuesday called on Sindh Governor Dr Ishratul Ibad Khan at the Governor's House and discussed salient features of the forthcoming trade policy.
Published 05 Jul, 2006 12:00am
Humayun meets Ibad, discusses trade policy

Humayun meets Ibad, discusses trade policy

Federal Commerce Minister Humayun Akhtar on Tuesday called on Sindh Governor Dr Ishratul Ibad Khan at the Governor''s House and discussed salient features of the forthcoming trade policy.
Published 05 Jul, 2006 12:00am
Exporters demand lowering of mark-up to 5 percent

Exporters demand lowering of mark-up to 5 percent

All the main trade bodies of Sialkot have urged the Federal government to make some immediate efforts for bringing down the mark-up rate on all the bank loans to five percent.
Published 05 Jul, 2006 12:00am
Air defence most challenging job: AVM

Air defence most challenging job: AVM

The graduation ceremony of No 75 Air Defence basic course was held at the Air Defence Training School at PAF Base, Sakesar on Tuesday, with Air Vice Marshal (AVM) Ayaz Mahmood, Air Officer Commending, Air Defence Command as chief guest.
Published 05 Jul, 2006 12:00am
Three hanged in Gujranwala Central Jail

Three hanged in Gujranwala Central Jail

After repeated adjournments to materialise compromise, three persons including two real brothers Ilyas (patwari) and ex-Head Constable, Ghulam Abbas and their cousin Asif were hanged to death here at Central Jail on Tuesday.
Published 05 Jul, 2006 12:00am
Thal canal's remodelling completes

Thal canal's remodelling completes

The Thal Canal remodelling project has been completed at a cost of Rs 2.24 billion, with water capacity raised from 6,000 cusecs to 9,000 cuses.
Published 05 Jul, 2006 12:00am
Taj Mahal: notices re-issued to cable operators

Taj Mahal: notices re-issued to cable operators

Lahore Civil Judge Chaudhry Sarfraz Ahmad, once again issued notices to the respondent cable operators for September 18 in 'Taj Mahal' movie case, as only two defendants appeared in the court on Tuesday.
Published 05 Jul, 2006 12:00am
European gold flat

European gold flat

Gold prices drifted on Tuesday, steadying after profit-taking had pushed the metal off a near-one-month high, but traders were looking for further gains. Business was very subdued in Europe with US markets closed again on Tuesday for the Independence Day
Published 05 Jul, 2006 12:00am
Copper and nickel higher

Copper and nickel higher

Copper and nickel ended higher on the London Metal Exchange (LME) on Tuesday, supported by falling inventories in very thin trade, analysts said. "I think most people are holding back...volumes have been very thin recently," analyst John Kemp at Sempra Me
Published 05 Jul, 2006 12:00am
EU grain and oilseed harvests seen rising

EU grain and oilseed harvests seen rising

European Union grain harvests should rise to 258.32 million tonnes this year from the 253.50 million turned out in 2005, EU grain lobby Coceral said in its latest crop forecasts on Friday. Soft wheat production was pegged at 117.84 million tonnes, up from
Published 05 Jul, 2006 12:00am
Brazil to inject $255 million into coffee fund

Brazil to inject $255 million into coffee fund

Brazil's federal Banco do Brasil will inject 550 million reais ($255 million) into the national Coffee Defence Fund, the agriculture ministry said on Friday. The funds will be used to extend subsidised credit lines at around 9.5 percent annually to the co
Published 05 Jul, 2006 12:00am
London sugar moves up

London sugar moves up

London white sugar futures closed firmer on speculative buying on Tuesday after a dull session due to the absence of the US market for Independence Day, traders said. Benchmark August finished up $2.90 at $472 per tonne in volume of 2,491 lots after tradi
Published 05 Jul, 2006 12:00am
Oil dips below $73

Oil dips below $73

Oil prices fell below $73 a barrel on Tuesday in thin trade, but nagging fears about supply disruption and expectations of strong US demand for gasoline prevented a deeper sell-off. London Brent crude was 80 cents lower at $72.59 a barrel by 1715 GMT afte
Published 05 Jul, 2006 12:00am
World biofuels use to grow but subsidy needed: OECD

World biofuels use to grow but subsidy needed: OECD

Very few countries have enough raw material available at present to produce biofuels that could compete on price with fossil fuels without government subsidies, a major agricultural study said on Tuesday.
Published 05 Jul, 2006 12:00am
India's food processing sector set for rapid growth

India's food processing sector set for rapid growth

India's Minister for Food Processing Subodh Sahai met British companies on Tuesday as the one of the world's fastest growing economies seeks to rapidly expand the sector.
Published 05 Jul, 2006 12:00am
Metals seen supported by firm fundamentals

Metals seen supported by firm fundamentals

Copper, zinc and nickel remain fundamentally strong, but recent macro-economic indicators may continue to dampen sentiment across base metals markets, Standard Bank said in a monthly report. Base metals had been hit with other commodities in mid-May by wo
Published 05 Jul, 2006 12:00am
Environment seen key to future of British farming

Environment seen key to future of British farming

British farming, faced with competition from low-cost producers such as Brazil, must focus on the environmental benefits of production and the security local crops offer for energy and food supply, industry leaders said on Monday.
Published 05 Jul, 2006 12:00am
US markets closed

US markets closed

US financial, stock and commodity markets are closed for the Independence Day celebrations on Tuesday. Trading will resume on Wednesday.
Published 05 Jul, 2006 12:00am
US markets closed

US markets closed

US financial, stock and commodity markets are closed for the Independence Day celebrations on Tuesday. Trading will resume on Wednesday.
Published 05 Jul, 2006 12:00am
UK's top share index flat

UK's top share index flat

Britain's FTSE 100 index ended flat on Tuesday, within sight of recent 7-week highs, as a rise in property stocks on easing interest rate fears cushioned a retreat by oil shares. Hammerson, Britain's fourth-largest property group, climbed 3.2 percent whil
Published 05 Jul, 2006 12:00am
Seoul stocks dip

Seoul stocks dip

Seoul shares fell 0.7 percent on Tuesday, off a four-week high hit in early trade, as exporters such as Hynix Semiconductor reversed gains on worries that a firm won would dampen overseas shipments.
Published 05 Jul, 2006 12:00am
Bonds: US holiday casts spell on Europe

Bonds: US holiday casts spell on Europe

Europe caught the holiday mood on Tuesday as Independence Day celebrations in the US dampened enthusiasm for taking a view on euro region credit markets. The iTraxx Crossover index took a breather from its recent strong rally, trading late in the day litt
Published 05 Jul, 2006 12:00am
Bonds: US holiday casts spell on Europe

Bonds: US holiday casts spell on Europe

Europe caught the holiday mood on Tuesday as Independence Day celebrations in the US dampened enthusiasm for taking a view on euro region credit markets. The iTraxx Crossover index took a breather from its recent strong rally, trading late in the day litt
Published 05 Jul, 2006 12:00am
Indian rupee moves up

Indian rupee moves up

The Indian rupee inched up on Tuesday as the dollar weakened against the euro as well as Asian currencies on growing expectations the European Central Bank could signal faster tightening. The partially convertible rupee ended at 46.0025/0100 per dollar, h
Published 05 Jul, 2006 12:00am
Euro rallies in London

Euro rallies in London

The euro hit a four-week high against the dollar and a two-month peak versus the Swiss franc on Tuesday on growing expectations that the European Central Bank could signal a faster pace of interest rate increases.
Published 05 Jul, 2006 12:00am
Sterling trades firmer

Sterling trades firmer

Sterling traded firmer in late European trade on Tuesday, but liquidity was thin due to the US Independence Day holiday which kept investors on the sidelines. In recent sessions sterling came under pressure on expectations the European Central Bank would
Published 05 Jul, 2006 12:00am
NASA readies for third attempt to launch shuttle

NASA readies for third attempt to launch shuttle

NASA counted down on Tuesday to a third attempt to launch space shuttle Discovery on a mission vital to the program's future after easing worries over a crack in foam insulation on the ship's fuel tank.
Published 05 Jul, 2006 12:00am
Iraqi deputy minister, 19 bodyguards kidnapped

Iraqi deputy minister, 19 bodyguards kidnapped

Gunmen pulled the deputy electricity minister from his car in a busy Baghdad street on Tuesday, kidnapping him and 19 bodyguards in an audacious attack that underlined the vulnerability of Iraq's new government.
Published 05 Jul, 2006 12:00am
12 Taleban killed in clash; bomb wounds 6

12 Taleban killed in clash; bomb wounds 6

A bomb in the Afghan capital Kabul wounded more than six people on Tuesday and 12 Taleban insurgents were killed in a clash in the south where Naro forces are set to take control. Afghanistan is going through its worst phase of violence since the Taleban
Published 05 Jul, 2006 12:00am
US troops will not leave Iraq: Bush

US troops will not leave Iraq: Bush

President George W. Bush, trying to tap into Independence Day patriotism to revive domestic support for an unpopular war, vowed on Tuesday that US troops would not leave Iraq until their mission was complete.
Published 05 Jul, 2006 12:00am
Gulf Arabs vow to squash funding to Iraq insurgents

Gulf Arabs vow to squash funding to Iraq insurgents

Gulf Arab states have promised to crack down harder on sources of funding for a bloody Sunni Muslim insurgency in Iraq, Iraqi Prime Minister Nuri al-Maliki said on Tuesday.
Published 05 Jul, 2006 12:00am
CIA closes unit assigned to hunt Osama

CIA closes unit assigned to hunt Osama

The CIA has closed a unit tasked with capturing Osama bin Laden and his top deputies, the New York Times reported Tuesday. Members of the unit, formed in 1996, have been reassigned to other duties, although hunting top al Qaeda leaders remains a pr
Published 05 Jul, 2006 12:00am
Cuban communists counter US transition pressure

Cuban communists counter US transition pressure

Cuba's Communist Party named a new 12-member executive committee to strengthen one-party rule, a communique issued Tuesday said, even as US pressure mounts for a multi-party system upon President Fidel Castro's passing.
Published 05 Jul, 2006 12:00am
Rains lash Mumbai

Rains lash Mumbai

Commuters in India's financial hub Mumbai waded knee-deep through water to reach their offices on Tuesday as torrential monsoon rains disrupted rail and air links and forced schools to close. Municipal workers used shovels to clear clogged drains in the w
Published 05 Jul, 2006 12:00am
Israel warns of 'long war' over captured soldier

Israel warns of 'long war' over captured soldier

Israel warned the governing Palestinian faction Hamas that the "sky will fall on them" if they harm a captured soldier after a deadline passed on Tuesday for the Jewish state to accept a prisoner exchange.
Published 05 Jul, 2006 12:00am
Rocket attack against Israel

Rocket attack against Israel

Palestinian militants in Gaza carried out on Tuesday their deepest rocket attack against Israel, hitting a school in the coastal city of Ashkelon, military sources said. No one was hurt in the attack, which caused damage to the school, the sources said.
Published 05 Jul, 2006 12:00am
G8 must make good on aid promises: Putin

G8 must make good on aid promises: Putin

Group of Eight chair Russia said on Tuesday the world's richest nations must honour past commitments, pleasing campaigners who are pressing them to deliver aid to Africa pledged at last year's G8 summit.
Published 05 Jul, 2006 12:00am
South Korean scientist admits to faking data

South Korean scientist admits to faking data

Disgraced stem-cell scientist Hwang Woo-suk on Tuesday admitted to fabricating some data that went into a landmark paper but said he was duped by junior researchers into believing the bulk of his team's findings were valid.
Published 05 Jul, 2006 12:00am
Libya has right to demand compensation: Italy

Libya has right to demand compensation: Italy

Libya has the right to demand that Italy pay for damages caused during more than 30 years of "senseless" colonial rule, Italian Interior Minister Giuliano Amato said on Monday. "We have to accept the fact that we were the imperial country that invaded Lib
Published 05 Jul, 2006 12:00am
Russia delays West's date for Kosovo independence

Russia delays West's date for Kosovo independence

Russia is frustrating the West's plan for Kosovo independence this year, resisting US pressure and raising a risk of fresh Albanian violence in the breakaway Serbian province, senior Western officials say.
Published 05 Jul, 2006 12:00am
Georgian leader to talk conflicts with Bush

Georgian leader to talk conflicts with Bush

Georgian President Mikhail Saakashvili will meet George W. Bush this week to give the US leader his view of his tense stand-off with Russia, which hosts the heads of the G8 group of rich nations later this month.
Published 05 Jul, 2006 12:00am
Planned gay pride march sparks ire in conservative Jerusalem

Planned gay pride march sparks ire in conservative Jerusalem

Jewish and Arab MPs in Jerusalem are often at odds, but they joined forces this week in protest at a common enemy - a massive gay pride rally which they fear will tarnish the reputation of their ancient holy city.
Published 05 Jul, 2006 12:00am
US troops suspected of raping Iraq teenager: mayor

US troops suspected of raping Iraq teenager: mayor

The Iraqi woman at the centre of a rape-murder inquiry by the US military was no more than 16 years old when she was killed along with her parents and young sister four months ago, the local mayor said on Monday.
Published 05 Jul, 2006 12:00am
Clijsters ends China's Wimbledon dream

Clijsters ends China's Wimbledon dream

China's Wimbledon dream melted in the blistering heat on Tuesday when Kim Clijsters ended Li Na's record-breaking run to the quarter-finals with a 6-4, 7-5 win.
Published 05 Jul, 2006 12:00am
Last of the galacticos - Zidane and Figo

Last of the galacticos - Zidane and Figo

Zinedine Zidane and Luis Figo go into battle on Wednesday not only to try and propel France or Portugal respectively into the World Cup final but also to have the honour of being the last of the galacticos left standing.
Published 05 Jul, 2006 12:00am
Roberto Carlos retires from Brazilian team

Roberto Carlos retires from Brazilian team

One of the Brazil's top stars, defender Roberto Carlos, has announced he is retiring from international football following his country's World Cup quarter-final defeat against France.
Published 05 Jul, 2006 12:00am
Federer confronts ghost of past

Federer confronts ghost of past

Roger Federer comes face-to-face with a Wimbledon ghost on Wednesday when he takes on Mario Ancic, the last man to beat him on grass four years ago, for a semi-final place.
Published 05 Jul, 2006 12:00am
FIFA 'not missionaries' in South Africa: Blatter

FIFA 'not missionaries' in South Africa: Blatter

Football's world governing body will help South Africa organise the 2010 World Cup but believes the country is more than capable of staging the event, FIFA President Sepp Blatter said on Tuesday.
Published 05 Jul, 2006 12:00am
Australian dollar weaker

Australian dollar weaker

The Australian dollar hugged a tight range on Tuesday, fenced in below US 74.5 cents ahead of a US holiday and the local central bank's rate decision due the following day.
Published 05 Jul, 2006 12:00am
Asian currencies higher on yuan speculation

Asian currencies higher on yuan speculation

Asian currencies extended gains to multi-week peaks on Tuesday, underpinned by the combination of weakness in the US dollar, fresh speculation on the Chinese yuan and the return of foreign portfolio flows to the region.
Published 05 Jul, 2006 12:00am
Hong Kong dollar trims early losses

Hong Kong dollar trims early losses

The Hong Kong dollar struggled on Tuesday with selling amid interest-rate arbitrage trades, but the downside was capped by demand for funds due to the tightness in short-dated money rates.
Published 05 Jul, 2006 12:00am
Dollar slips against euro on soft factory survey

Dollar slips against euro on soft factory survey

The dollar on Monday fell to its lowest against the euro in almost four weeks after a survey showed US manufacturing output grew more slowly than expected in June, reinforcing concerns about a slowdown in the sector.
Published 05 Jul, 2006 12:00am
Euro near one-month high versus dollar

Euro near one-month high versus dollar

The euro hovered near a one-month high against the dollar and a record peak versus the yen on Tuesday after data suggested the prospects for higher interest rates have lessened in the United States but risen in the euro zone.
Published 05 Jul, 2006 12:00am
Chinese yuan ends up

Chinese yuan ends up

China's yuan opened higher against the dollar on Tuesday but came well off its highs by the close as some banks continued to work their way out of Monday's dollar short squeeze, traders said.
Published 05 Jul, 2006 12:00am
Swiss franc steady

Swiss franc steady

The Swiss franc was little changed against the euro and dollar on Tuesday, taking in its stride strong euro zone and Swiss data from the previous session.
Published 05 Jul, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.49/69.85 (previous 69.49/69.85). Call Money Rates: 6.00-11.00 percent (previous 5.75-12.50 percent).
Published 05 Jul, 2006 12:00am
Chinese shares decline

Chinese shares decline

China's main share index lost 0.93 percent on Tuesday as investors took profits in large-caps on the eve of the debut of Bank of China, Shanghai's biggest-ever listing. The benchmark Shanghai Composite Index held steady in the morning before falling to cl
Published 05 Jul, 2006 12:00am
Indian shares slip

Indian shares slip

Indian share prices closed down 0.31 percent on Tuesday, snapping three days of gains, as heavy rains in the financial capital Mumbai kept many traders away from their desks, dealers said. They said trading volumes were their lowest this year at 20.56 bil
Published 05 Jul, 2006 12:00am
TOPIX ends above 1,600 first time in a month

TOPIX ends above 1,600 first time in a month

The Nikkei share average rose 0.43 percent on Tuesday as Canon Inc and other blue chip shares gained on hopes for strong earnings ahead. Brokerage firms and other financial stocks gained, helping the broader TOPIX index end above 1,600 for the first time
Published 05 Jul, 2006 12:00am
Philippines shares 2.81 percent up

Philippines shares 2.81 percent up

Philippines share prices closed 2.81 percent higher on Tuesday, hitting a one-month high due to the decline of local Treasury Bill rates and the upsurge on Wall Street, dealers said.
Published 05 Jul, 2006 12:00am
Thai shares close higher

Thai shares close higher

Thai share prices closed 1.54 percent higher on Tuesday as the latest US economic indicator lifted hopes for a near end to rate hikes, dealers said. They said the Thai market also rose in line with gains in regional markets. The Stock Exchange of Thailand
Published 05 Jul, 2006 12:00am
Singapore shares slightly firmer

Singapore shares slightly firmer

Singapore share prices closed 0.43 percent higher on Tuesday on improving market sentiment as concerns eased over further US interest rate hikes, dealers said. The Straits Times Index rose 10.47 points to 2,448.73 on volume of 1.29 billion shares worth 96
Published 05 Jul, 2006 12:00am
Oil cake market rates

Oil cake market rates

Modest business was seen on the forward cottonseed oilcake market on Tuesday some buyers showed interest in the fresh deals, dealers said. The July vaida opened at Rs 546.00 and that proved to be day's best at the same level. In process of trading it shed
Published 05 Jul, 2006 12:00am
Kenyan tea output at 7.5 million kg in 2005-06

Kenyan tea output at 7.5 million kg in 2005-06

Kenya's Sasini Tea and Coffee said on Tuesday it sees its tea output at 7.5 million kg in 2005/06 (October-September), unchanged from the previous year, after good rains rejuvenated drought-stricken farms. The agricultural producer had forecast output of
Published 05 Jul, 2006 12:00am
MCB hires Merrill Lynch, KASB for GDRs sale

MCB hires Merrill Lynch, KASB for GDRs sale

MCB Bank Ltd, the second largest listed bank at the Karachi Stock Exchange (KSE) has planned to sell global depository receipts in the range of $100 million to $150 million, utilising funds for acquisition and gaining international recognition. The bank h
Published 05 Jul, 2006 12:00am
MCB hires Merrill Lynch, KASB for GDRs sale

MCB hires Merrill Lynch, KASB for GDRs sale

MCB Bank Ltd, the second largest listed bank at the Karachi Stock Exchange (KSE) has planned to sell global depository receipts in the range of $100 million to $150 million, utilising funds for acquisition and gaining international recognition. The bank h
Published 05 Jul, 2006 12:00am
Prices move up on grain market

Prices move up on grain market

Higher trend was seen on the grain market on Tuesday amid tight supply position, dealers said. On the gram sector gram garda Punjab gained Rs 25 to Rs 2850-2925, gram dal Punjab followed suit and picked up the same amount to Rs 3275-3350.
Published 05 Jul, 2006 12:00am
MCB hires Merrill Lynch, KASB for GDRs sale

MCB hires Merrill Lynch, KASB for GDRs sale

MCB Bank Ltd, the second largest listed bank at the Karachi Stock Exchange (KSE) has planned to sell global depository receipts in the range of $100 million to $150 million, utilising funds for acquisition and gaining international recognition. The bank h
Published 05 Jul, 2006 12:00am
CBOT wheat futures sharply higher

CBOT wheat futures sharply higher

Wheat futures at the Chicago Board of Trade closed sharply higher on Monday, following as the Minneapolis spring wheat market soared on spring wheat weather worries, traders said.
Published 05 Jul, 2006 12:00am
MCB hires Merrill Lynch, KASB for GDRs sale

MCB hires Merrill Lynch, KASB for GDRs sale

MCB Bank Ltd, the second largest listed bank at the Karachi Stock Exchange (KSE) has planned to sell global depository receipts in the range of $100 million to $150 million, utilising funds for acquisition and gaining international recognition. The bank h
Published 05 Jul, 2006 12:00am
Pakistani rice prices firmer, exports slow

Pakistani rice prices firmer, exports slow

Pakistan's domestic rice prices remained firm during the last week on robust local demand and flagging supplies, dealers said on Tuesday. They said the country had exhausted most of its export-quality stocks, especially of IRRI variety of rice and the exp
Published 05 Jul, 2006 12:00am
Minister warned of terror act at Nishtar Park, Tribunal told

Minister warned of terror act at Nishtar Park, Tribunal told

Sindh Home Minister Abdul Rauf Siddiqui was warned of possible incident of terrorism on the eve of Eid Milad-un-Nabi (PBUH) at Nishtar Park, here, Pakistan Sunni Movement Chairman Syed Shah Sirajul Haq on Tuesday told Inquiry Tribunal of Justice Rehmat Hu
Published 05 Jul, 2006 12:00am
MGE wheat sharply higher

MGE wheat sharply higher

Spring wheat futures at the Minneapolis Grain Exchange closed sharply higher on Monday, notching contract highs as concerns about dry weather in the northern US Plains triggered speculative buying, traders said. "The funds are interested, and there is som
Published 05 Jul, 2006 12:00am
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