News Archives for Print - 2006-07-06

Titan to buy up to 10 barges

Titan Petrochemicals Group Ltd said on Wednesday it would buy up to 10 bunker barges for as much as US $86.7 million to expand and upgrade its ship refuelling business.

Published 06 Jul, 2006 12:00am

No change in treasury bills cut-off yield

The State Bank of Pakistan in its fortnightly Treasury Bills auction received bids worth Rs 96.375 billion against its target amount of Rs 60 billion, which was 1.60 times the amount on offer. The SBP maintained its last cut-off yield by accepting Rs 79.8

Published 06 Jul, 2006 12:00am

Russia will support wheat prices

Russia's government, preparing intervention tenders to purchase domestic wheat, has set a minimum price of 3,100 roubles ($115.50) below which it would support the market, the Agriculture Minister said on Wednesday.

Published 06 Jul, 2006 12:00am

No change in treasury bills cut-off yield

The State Bank of Pakistan in its fortnightly Treasury Bills auction received bids worth Rs 96.375 billion against its target amount of Rs 60 billion, which was 1.60 times the amount on offer. The SBP maintained its last cut-off yield by accepting Rs 79.8

Published 06 Jul, 2006 12:00am

HRW wheat bids mostly unchanged

US hard red winter wheat spot basis bids were mostly unchanged in light activity on Wednesday, grain dealers said. Some farmer selling has been noted amid the rally in Kansas City Board of Trade futures prices in which July wheat closed at $5.03, up 3-1/4

Published 06 Jul, 2006 12:00am

Wapda defaults in foreign re-lent loans debt servicing

The Water and Power Development Authority (Wapda) has defaulted in servicing foreign re-lent loans amounting to Rs 20.5 billion which were due to be paid by June 30, sources in Economic Affairs Division (EAD) told Business Recorder on Wednesday.

Published 06 Jul, 2006 12:00am

India extends ban on sugar exports

India has extended a general ban on the export of white refined sugar, from which some mills are exempt, until the end of the financial year in March 2007 to keep domestic prices in check.

Published 06 Jul, 2006 12:00am

Wapda defaults in foreign re-lent loans debt servicing

The Water and Power Development Authority (Wapda) has defaulted in servicing foreign re-lent loans amounting to Rs 20.5 billion which were due to be paid by June 30, sources in Economic Affairs Division (EAD) told Business Recorder on Wednesday.

Published 06 Jul, 2006 12:00am

China sells more copper from stockpile in Ningbo

China's State Reserves Bureau has released more copper from its stockpile to the Chinese market, dampening demand for imported metal from the world's biggest copper consumer.

Published 06 Jul, 2006 12:00am

Wapda defaults in foreign re-lent loans debt servicing

The Water and Power Development Authority (Wapda) has defaulted in servicing foreign re-lent loans amounting to Rs 20.5 billion which were due to be paid by June 30, sources in Economic Affairs Division (EAD) told Business Recorder on Wednesday.

Published 06 Jul, 2006 12:00am

Tata to raise steel stake, wary of bids

India's Tata group plans to raise its stake in the country's largest private steel maker, Tata Steel Ltd, to ward off possible hostile takeover bids, the group's chairman said on Wednesday. Last week, the world's top steel maker, Mittal Steel - which agre

Published 06 Jul, 2006 12:00am

38 Taliban killed in Afghanistan

US-led coalition forces in Afghanistan killed 35 rebels in a single strike on a "known Taliban compound" in the south of the country, while three more were killed separately on Wednesday, officials said.

Published 06 Jul, 2006 12:00am

Posco to lift steel plate production by 2009

Posco, South Korea's top steel maker, said on Wednesday it would produce 31 percent more steel plates in 2009 compared to 2006 to meet growing demand. Posco said in a statement that it would increase production of steel plates to 4.3 million tonnes in 200

Published 06 Jul, 2006 12:00am

38 Taliban killed in Afghanistan

US-led coalition forces in Afghanistan killed 35 rebels in a single strike on a "known Taliban compound" in the south of the country, while three more were killed separately on Wednesday, officials said.

Published 06 Jul, 2006 12:00am

Oil cake market rates

On the forward cottonseed oilcake market only distant December vaida was moving up on Wednesday in slow business, dealers said. The July vaida commenced at Rs 545.00 and market settled at the same rate. The August vaida also did not move and stayed put at

Published 06 Jul, 2006 12:00am

No sector taboo for investment: Shaukat

Prime Minister Shaukat Aziz said on Wednesday that political stability, consistency and continuity of economic polices and high corporate profitability is turning Pakistan into a destination of choice for investors from regions as diverse as the Middle Ea

Published 06 Jul, 2006 12:00am

Good crop news fails in bringing prices down on cotton market

Firm trend was seen on the cotton market on Wednesday despite the news of better production for the current season, dealers said. The official spot was unchanged at Rs 2600, without upcountry expenses.

Published 06 Jul, 2006 12:00am

No sector taboo for investment: Shaukat

Prime Minister Shaukat Aziz said on Wednesday that political stability, consistency and continuity of economic polices and high corporate profitability is turning Pakistan into a destination of choice for investors from regions as diverse as the Middle Ea

Published 06 Jul, 2006 12:00am

Bangladesh tea prices fall

The average price of Bangladesh teas fell nearly 1.00 percent to 99.48 taka ($1.43) per kg on lower overseas demand at a weekly auction on Wednesday, brokers said.

Published 06 Jul, 2006 12:00am

No sector taboo for investment: Shaukat

Prime Minister Shaukat Aziz said on Wednesday that political stability, consistency and continuity of economic polices and high corporate profitability is turning Pakistan into a destination of choice for investors from regions as diverse as the Middle Ea

Published 06 Jul, 2006 12:00am

Firm trend on grain market

Steady trend was seen on the grain market on Wednesday as most of the commodities maintained their overnight levels in process of low business, dealers said. They said that prices did not move sharply due to balanced demand and supply of the commodities f

Published 06 Jul, 2006 12:00am

Condition of 50 percent cash margin irks sugar millers, importers

July 31 is the last date for importers and mill owners for payment of 50 percent outstanding sugar loans as they have been formally served notices by commercial banks to meet the deadline to avoid default and subsequent punitive action.

Published 06 Jul, 2006 12:00am

Hungary grain surplus on rising trend: AKI

Hungary will accumulate 14-15 million tonnes of surplus grain stocks by 2010 unless the European Union overhauls its subsidy system, agriculture research institute AKI said on Wednesday.

Published 06 Jul, 2006 12:00am

Condition of 50 percent cash margin irks sugar millers, importers

July 31 is the last date for importers and mill owners for payment of 50 percent outstanding sugar loans as they have been formally served notices by commercial banks to meet the deadline to avoid default and subsequent punitive action.

Published 06 Jul, 2006 12:00am

Indonesia fails to sell 2,500 tonnes palm oil in export tender

Indonesia's state marketing centre rejected bids for 2,500 tonnes of crude palm oil offered at an export auction as buyers offered lower prices, the centre's official said on Wednesday.

Published 06 Jul, 2006 12:00am

Condition of 50 percent cash margin irks sugar millers, importers

July 31 is the last date for importers and mill owners for payment of 50 percent outstanding sugar loans as they have been formally served notices by commercial banks to meet the deadline to avoid default and subsequent punitive action.

Published 06 Jul, 2006 12:00am

Ukraine sugar stocks exceed domestic needs

Ukraine's white sugar stocks will cover domestic needs over the two months to the start of the new 2006/07 season and the country requires no imports, producers said on Wednesday.

Published 06 Jul, 2006 12:00am

Auto industry growth: Prime Minister forms panel to prepare 10-year plan

Prime Minister Shaukat Aziz has constituted a committee comprising Planning Commission Deputy Chairman Dr Akram Sheikh, Secretary Ministry of Industries and Production, Kamran Rasool, and Chairman Central Board of Revenue, Abdullah Yousaf, to prepare a 10

Published 06 Jul, 2006 12:00am

Indian edible oil imports to dip by 0.5 million tonnes

Edible oil imports by India, the world's leading buyer, is set to drop by about half a million tonnes in the year ending October thanks to higher domestic availability, trade officials said on Wednesday.

Published 06 Jul, 2006 12:00am

Auto industry growth: Prime Minister forms panel to prepare 10-year plan

Prime Minister Shaukat Aziz has constituted a committee comprising Planning Commission Deputy Chairman Dr Akram Sheikh, Secretary Ministry of Industries and Production, Kamran Rasool, and Chairman Central Board of Revenue, Abdullah Yousaf, to prepare a 10

Published 06 Jul, 2006 12:00am

Copper up in thin trade, awaits US players

Copper prices edged higher on Wednesday, supported by low inventories and gains in gold, but trade remained subdued with the market waiting for US investors to return from holidays. London Metal Exchange copper for delivery in three months was up $25 at $

Published 06 Jul, 2006 12:00am

Auto industry growth: Prime Minister forms panel to prepare 10-year plan

Prime Minister Shaukat Aziz has constituted a committee comprising Planning Commission Deputy Chairman Dr Akram Sheikh, Secretary Ministry of Industries and Production, Kamran Rasool, and Chairman Central Board of Revenue, Abdullah Yousaf, to prepare a 10

Published 06 Jul, 2006 12:00am

Gold hits one-month high in Tokyo markets

Tokyo gold futures rose to a one-month high on Wednesday as reports that North Korea had launched several missiles spurred buying of traditional safe-haven assets.

Published 06 Jul, 2006 12:00am

Gold rises in Asia after North Korea fires missiles

Gold rose more than 1 percent to around $630 an ounce on Wednesday, its highest level in a month, on safe-haven buying after North Korea's launch of several missiles.

Published 06 Jul, 2006 12:00am

Chinese buying to lift Malaysian palm sales

Strong demand for Malaysian palm oil, mainly from China and Europe, is likely to boost prices and exports after months of slowdown, planters and traders said on Wednesday.

Published 06 Jul, 2006 12:00am

Oil steady below $74, awaits gasoline inventories

Oil prices opened flat after the US Independence Day holiday as traders awaited news of an expected record draw on gasoline stocks, with North Korean missile launches adding to geopolitical worries for the market.

Published 06 Jul, 2006 12:00am

Austrian firm lone bidder in Bangladesh sugar tender

Austria-based Entex Handles was the only bidder in a Bangladesh import tender for 25,000 tonnes of white sugar, offering supplies at $420 per tonne, an official said on Wednesday.

Published 06 Jul, 2006 12:00am

Trade rises as Vietnam coffee prices at year highs

Coffee prices in Vietnam, the world's second-biggest producer after Brazil, hit a new year high of 19,000 dong ($1.19) per kilogram on Wednesday and traders said exporters were actively selling to cash in.

Published 06 Jul, 2006 12:00am

New Zealand Fonterra sees weak commodity prices, firm demand

Fonterra Co-operative Group, New Zealand's biggest company, said on Wednesday that commodity prices were forecast to fall in the future, though demand for the company's dairy products would remain steady.

Published 06 Jul, 2006 12:00am

Indian sugar futures mixed; soyaoil, wheat drop

Indian sugar futures were mixed on Wednesday on higher supplies from mills, while soyaoil was down with the start of sowing. Wheat eased as monsoon rains helped sentiment for the next year's crop. The July sugar contract at the National Commodity and Deri

Published 06 Jul, 2006 12:00am

Vietnam rice: rain delays new crop harvest

Rain over the past week in the Mekong Delta rice basket has prompted Vietnamese farmers to delay the harvest of the summer-autumn crop and made it difficult to dry the newly cut paddy, traders said on Wednesday.

Published 06 Jul, 2006 12:00am

Philippines' Jollibee sees weaker second quarter sales growth

Jollibee Foods Corp, the biggest fast-food chain in the Philippines, expects second quarter sales growth to be weaker than the first quarter due to higher costs, its chief financial officer said on Wednesday.

Published 06 Jul, 2006 12:00am

Philippines' Jollibee sees weaker second quarter sales growth

Jollibee Foods Corp, the biggest fast-food chain in the Philippines, expects second quarter sales growth to be weaker than the first quarter due to higher costs, its chief financial officer said on Wednesday.

Published 06 Jul, 2006 12:00am

Australian wool indicator down

The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) fell two cents to 747c a kg clean in the first sale of the new season on Tuesday. AWEX said its northern indicator, at the only sale of the day in Sydney, dropped 5 cents to 766c/

Published 06 Jul, 2006 12:00am

Asian rubber: Tokyo hits two-week low

Tokyo rubber futures extended losses on Wednesday, with the most active contract falling nearly 3 percent due to improving supplies in main producer Thailand.

Published 06 Jul, 2006 12:00am

Malaysian palm oil ends down

Malaysian crude palm oil futures ended marginally lower on Wednesday, with the market lacking direction due to the holiday closure of Chicago Board of Trade's soya oil futures market.

Published 06 Jul, 2006 12:00am

Saudi Arabia hikes nearly all OSPs to Europe, US and Asia

Saudi Arabia, the world's top oil exporter, raised nearly all August official selling prices for its crude oil to customers across the globe, industry sources said on Wednesday.

Published 06 Jul, 2006 12:00am

Clean up if you want investment, OECD tells Russia

Russia must do more than lift its currency controls if it wants bigger foreign investment, and should avoid closing off too many sectors in the name of strategic or security interests, the OECD said on Wednesday.

Published 06 Jul, 2006 12:00am

Oil majors get richer stake in Middle East

Expensive oil and big new projects have boosted the value of international energy firms' stake in the Middle East, but they must still battle for access to the region's reserves, consultancy Wood Mackenzie said. Overall asset values have been increased by

Published 06 Jul, 2006 12:00am

US factory orders climb in May

New orders at US factories rose more than expected in May and private-sector job creation surged last month, according to reports on Wednesday that showed signs of strength in the economy.

Published 06 Jul, 2006 12:00am

Eurozone retail sales below expectations

Retail sales in the eurozone unexpectedly fell in May from April and grew little in annual terms, Eurostat said, pointing to continued fragility in consumer demand despite optimism about an economic recovery.

Published 06 Jul, 2006 12:00am

Arab League sends $50 million to Palestinians

The Arab League has wired $50 million to Palestinian President Mahmoud Abbas to ease a fiscal crisis by providing humanitarian grants to government workers who have gone unpaid for months, an official said on Wednesday.

Published 06 Jul, 2006 12:00am

EU applicants at risk from foreign currencies loans

Rapid borrowing by households and businesses in aspiring European Union member countries, especially in foreign currencies, may make the region more vulnerable to financial crises, a central bank taskforce found.

Published 06 Jul, 2006 12:00am

European economy growing well, price pressures grow

European business activity struck a six-year high in June, a survey showed on Wednesday, but price rises could prompt faster interest rate increases in the eurozone although economic growth there may be peaking.

Published 06 Jul, 2006 12:00am

Apple to sell education computer for $900

Apple Computer Inc on Wednesday said it will begin selling a version of its iMac personal computer for about $900 for the education market. The company, known for its popular iPod digital music and video player, said the new iMac will have a 17-inch liqui

Published 06 Jul, 2006 12:00am

EU roaming-call plan may include text, data

European Union plans to cut the cost of making mobile phone calls abroad could include text messaging and downloading files, a move that is likely to anger mobile phone operators.

Published 06 Jul, 2006 12:00am

Asia Pacific, Middle East airlines face pilot, engineer shortages

Asia Pacific and Middle East airlines could face serious shortages of skilled personnel such as pilots and engineers after record orders for new aircraft, an industry research group said Wednesday.

Published 06 Jul, 2006 12:00am

Russian MPs back Gazprom export monopoly bill

Russia's parliament approved a law on Wednesday granting gas monopoly Gazprom the exclusive right to export gas, despite Moscow's pledge to the European Union to gradually liberalise its markets.

Published 06 Jul, 2006 12:00am

Bank of China surges in Shanghai debut

Shares in Bank of China surged 23 percent on Wednesday in the Shanghai stock market's biggest debut, underscoring huge appetite for new shares among Chinese investors.

Published 06 Jul, 2006 12:00am

Bank of China surges in Shanghai debut

Shares in Bank of China surged 23 percent on Wednesday in the Shanghai stock market's biggest debut, underscoring huge appetite for new shares among Chinese investors.

Published 06 Jul, 2006 12:00am

Enron founder dies

Enron Corp founder and former Chief Executive Ken Lay, who was convicted in May for his role in the Houston-based company's downfall, died after suffering a heart attack on Wednesday at his vacation home in Colorado. "Ken Lay passed away early this mornin

Published 06 Jul, 2006 12:00am

New Zealand shares up

New Zealand share prices closed 0.19 percent higher on Wednesday, with trading lacking direction following the July 4 holiday which closed Wall Street, dealers said. The benchmark NZX-50 index rose 6.94 points to 3,604.74 on turnover worth 127.9 million N

Published 06 Jul, 2006 12:00am

Malaysian shares slightly changed

Malaysian share prices closed flat on Wednesday, losing initial gains to profit-taking amid concern in regional markets over North Korea's missile tests, dealers said. However, underlying market sentiment, supported by strong export data for May, was stil

Published 06 Jul, 2006 12:00am

Taiwan stocks at four-day low

Taiwan stocks ended 1.11 percent lower to a four-day low on Wednesday, weighed down by tech issues like TSMC as news of North Korea test-fired missiles raised political tensions in the region.

Published 06 Jul, 2006 12:00am

Philippines shares jump

Philippines share prices closed 0.26 percent higher on Wednesday to hit their best levels in about a month as investors were cheered by news that inflation had slowed in June, dealers said.

Published 06 Jul, 2006 12:00am

Nikkei ends down after DPRK's missile tests

The Nikkei average fell for the first time in five sessions on Wednesday, declining 0.73 percent after a series of missile tests by North Korea raised fears about security in Asia. Shares of some of Japan's flagship firms were among the decliners, with au

Published 06 Jul, 2006 12:00am

Hong Kong shares end lower

Hong Kong stocks ended down 0.62 percent on Wednesday as recent gains in mainland banks triggered profit-taking in lenders like Bank of China, whose shares debuted in Shanghai to a strong reception.

Published 06 Jul, 2006 12:00am

Singapore shares dip

Singapore share prices closed 1.01 percent lower on Wednesday due to an absence of fresh leads and on regional security concerns following North Korea's missile tests, dealers said. The Straits Times Index dipped 24.62 points to 2,424.11 on volume of 1.24

Published 06 Jul, 2006 12:00am

Thai share prices sag

Thai share prices closed 1.99 percent lower on Wednesday as investors stayed on the sidelines amid concern over North Korea's missile launches, dealers said. They said the Thai market was also under pressure due to profit-taking.

Published 06 Jul, 2006 12:00am

Chinese shares plunge

Most Chinese stocks fell on Wednesday although a strong debut by Bank of China lifted the benchmark Shanghai index. China's second largest bank closed at 3.79 yuan, up 23 percent from its domestic initial public offer price of 3.08 yuan and in line with t

Published 06 Jul, 2006 12:00am

Indian shares soar 2.41 percent

Indian share prices closed up 2.41 percent on Wednesday on expectations of a strong earnings performance by Indian companies when the results season gets under way next week, dealers said.

Published 06 Jul, 2006 12:00am

Jakarta shares close flat

Indonesian share prices closed flat on Wednesday ahead of the central Bank Indonesia's interest rate meeting this week with telecoms and select banks pressured by some profit-taking, dealers said. But overall sentiment remained positive as June inflation

Published 06 Jul, 2006 12:00am

Swiss franc steady versus euro

The Swiss franc traded flat on Wednesday after hitting a two-month low in the previous session on the perception that euro-zone interest rates would rise faster than those in Switzerland.

Published 06 Jul, 2006 12:00am

Chinese yuan higher as dollar squeeze fades

China's yuan traded narrowly against the dollar on Wednesday as a dollar short squeeze, which had kept the Chinese currency under pressure for two days, appeared to fade. The yuan was at 7.9960, firmer than Tuesday's close of 7.9995, as the central bank s

Published 06 Jul, 2006 12:00am

Yen recovers from fall on North Korea missile launches

The yen recovered on Wednesday from a fall against the dollar and a record low versus the euro after missile launches by North Korea provided only a limited distraction from interest rates.

Published 06 Jul, 2006 12:00am

Australian dollar resumes upward trend

The Australian dollar rallied to its highest level in nearly four weeks on Wednesday as the gold price firmed more than 1 percent in the wake of North Korea's test-launches of several missiles.

Published 06 Jul, 2006 12:00am

Most Asian currencies end three-session rally

Most Asian currencies ended a three-session rally on Wednesday, dropping from multi-week peaks after news that North Korea had launched several missiles stoked concern about geopolitical risk, spooking traders and investors.

Published 06 Jul, 2006 12:00am

Hong Kong dollar falls

The Hong Kong dollar hit a 10-month lows against the US dollar on Wednesday, pressured by interest-rate arbitrage trades and a fall in most Asian currencies after North Korea had launched missiles raised concerns of geopolitical risks.

Published 06 Jul, 2006 12:00am

World Cup cricket chief admits hotel shortage fear

The 2007 World Cup is facing an accommodation shortage, the managing director of the tournament admitted on Wednesday. Chris Dehring is so concerned that he had has appealed to fans to seek accommodation early for the March 5 to April 28 event.

Published 06 Jul, 2006 12:00am

Germany can be proud says defeated Klinsmann

Germany manager Jurgen Klinsmann admitted Tuesday's 2-0 World Cup semi-final loss to Italy was a bitter pill that would take some time to swallow, but lavished praise on his team saying they had done him and the host nation proud.

Published 06 Jul, 2006 12:00am

Bitterness overshadows Belgians'dreams

Kim Clijsters and Justine Henin-Hardenne meet for the 22nd time on Thursday with the two Belgians keen to bury the legacy of their bitter history in their quest for a place in the Wimbledon final. The pair may be compatriots but they have endured a frosty

Published 06 Jul, 2006 12:00am

Germany wait on Klinsmann

German football fans, down in the dumps after their country's World Cup semi-final loss to Italy, were Wednesday waiting with bated breath to see if the man who has transformed the team's previously stolid mentality would stay at the helm.

Published 06 Jul, 2006 12:00am

Bring on the Martians, says joyful Italian press

Italy's march into the World Cup final at the expense of Germany was met with banner headlines in the Italian press on Wednesday. The 2-0 extra-time win over the hosts in Dortmund was an historic one for the Italians "who could beat anyone - even the Mart

Published 06 Jul, 2006 12:00am

Sublime Federer storms into Wimbledon semi-finals

Roger Federer demolished Croatian dangerman Mario Ancic 6-4, 6-4, 6-4 on Wednesday to move just two wins away from a fourth consecutive Wimbledon title.

Published 06 Jul, 2006 12:00am

Atlantic City gamblers shut out by politics

Gamblers in Atlantic City's casinos were ordered to leave the tables and slot machines on Wednesday because of a budget crisis in the state legislature.

Published 06 Jul, 2006 12:00am

Congo election candidates call for halt to campaign

More than half the presidential candidates in Congo's landmark elections this month have called for the suspension of campaigning in a row over the printing of millions of extra ballot papers.

Published 06 Jul, 2006 12:00am

Che Guevara's last night alive relived on New York stage

After writing "The Motorcycle Diaries" screenplay, Jose Rivera felt he had more to say about Ernesto "Che" Guevara so he wrote a play he says shows the Latin American revolutionary would have had plenty to say about the war in Iraq.

Published 06 Jul, 2006 12:00am

Rocket attack from Gaza raises pressure on Olmert

The Israeli citizens of Ashkelon knew it was only a matter of time before a rocket from the Gaza Strip hit their coastal city. A day after a makeshift missile struck near the city centre, residents joined calls on Prime Minister Ehud Olmert's government o

Published 06 Jul, 2006 12:00am

Leftist warns of instability in Mexico vote wrangle

Mexican leftist candidate Andres Manuel Lopez Obrador warned on Wednesday the country's stability was at stake as a political crisis brewed over the bitterly contested presidential election.

Published 06 Jul, 2006 12:00am

Jordan investigates top charity

Jordan's prosecutor general has started an investigation into alleged financial irregularities at the main charity of the powerful Muslim Brotherhood, officials said on Wednesday.

Published 06 Jul, 2006 12:00am

Israel approves stepped-up attacks on Hamas

Israel's prime minister ordered the army on Wednesday to expand an offensive against the ruling Palestinian movement Hamas after its armed wing fired a missile from Gaza into a major Israeli city for the first time.

Published 06 Jul, 2006 12:00am

More rains in Mumbai, toll rises

Large tracts of India's western financial hub of Mumbai were under water Wednesday as the weather bureau warned further heavy rains were on the way and the death toll from the monsoon deluge rose to nine.

Published 06 Jul, 2006 12:00am

OIC calls for pressure on Israel to end attacks

The Organisation of the Islamic Conference (OIC) called on the international community Wednesday to "intervene urgently" to bring an end to Israeli attacks on Palestinians, a statement said.

Published 06 Jul, 2006 12:00am

US wants Iran answer by July 12

The United States would like Iran to respond by July 12 to a US-backed offer of incentives aimed at containing Iran's nuclear program, the White House said on Wednesday.

Published 06 Jul, 2006 12:00am

Iran postpones talks

Iran postponed crucial nuclear talks with the European Union on Wednesday in apparent anger at an exiled opposition leader's visit to the European Parliament, but the meeting will go ahead on Thursday.

Published 06 Jul, 2006 12:00am

Two Italian spies arrested, Americans sought for kidnap

Two Italian spy chiefs were arrested on Wednesday and a judge issued arrest warrants for four Americans over the alleged CIA kidnapping of a terrorism suspect in Milan in 2003, officials said.

Published 06 Jul, 2006 12:00am

Somali Islamist militia kills two over World Cup

Somali Islamist militia shot dead two people demanding to watch the World Cup semi-final, witnesses said on Wednesday, in the latest sign of a hard-line religious edge to the newly powerful movement. Four others were wounded in the fracas outside a cinema

Published 06 Jul, 2006 12:00am

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

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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