News Archives for Print - 2006-07-06

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

Bomb disposal squad to be deployed at Parliament House

The government on Wednesday decided to enhance security measures at the Parliament House which will see deployment of bomb disposal squad to check all goods being brought into the premises.

Published 06 Jul, 2006 12:00am

Karachi MTU collected Rs 22.8 billion during last fiscal year

The Medium Taxpayer Unit (MTU) Karachi has collected Rs 22.8 billion in the last fiscal year 2005-06 as compared to Rs 17.7 billion during the fiscal year 2004-05, depicting an increase of 29 percent.

Published 06 Jul, 2006 12:00am

Detention of Pakistani businessman: notice issued to foreign minister, others in contempt plea

The Sindh High Court on Wednesday issued notice to foreign minister, secretary ministry of foreign affairs and federal cabinet secretary for July 13, 2006 in contempt of court application filed against them for allegedly disobeying the court's order in de

Published 06 Jul, 2006 12:00am

Kohat Cement ratings upgraded; Picic's maintained

The Pakistan Credit Rating Agency (Pacra) has upgraded both the long-term and short-term entity ratings of Kohat Cement Company Limited to 'A' (Single A) and 'A 1' (A One), respectively. The ratings denote a low expectation of credit risk emanating from a

Published 06 Jul, 2006 12:00am

Kohat Cement ratings upgraded; Picic's maintained

The Pakistan Credit Rating Agency (Pacra) has upgraded both the long-term and short-term entity ratings of Kohat Cement Company Limited to 'A' (Single A) and 'A 1' (A One), respectively. The ratings denote a low expectation of credit risk emanating from a

Published 06 Jul, 2006 12:00am

Kohat Cement ratings upgraded; Picic''s maintained

The Pakistan Credit Rating Agency (Pacra) has upgraded both the long-term and short-term entity ratings of Kohat Cement Company Limited to ''A'' (Single A) and ''A 1'' (A One), respectively. The ratings denote a low expectation of credit risk emanating fr

Published 06 Jul, 2006 12:00am

EBM posts Rs 5 million record sales

English Biscuit Manufacturers (EBM) Pvt Limited has crossed the figure of rupees five billion in sales during the financial year ending June 30. This represents a 40 percent growth over the previous year.

Published 06 Jul, 2006 12:00am

EBM posts Rs 5 million record sales

English Biscuit Manufacturers (EBM) Pvt Limited has crossed the figure of rupees five billion in sales during the financial year ending June 30. This represents a 40 percent growth over the previous year.

Published 06 Jul, 2006 12:00am

KASB Bank rating maintained, Atlas Funds gets four-star

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of the KASB Bank Limited at 'BBB+' (Triple B plus) and 'A2' (A two), respectively. These ratings denote a low expectation of credit risk emanating from an

Published 06 Jul, 2006 12:00am

KASB Bank rating maintained, Atlas Funds gets four-star

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of the KASB Bank Limited at 'BBB+' (Triple B plus) and 'A2' (A two), respectively. These ratings denote a low expectation of credit risk emanating from an

Published 06 Jul, 2006 12:00am

KASB Bank rating maintained, Atlas Funds gets four-star

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of the KASB Bank Limited at ''BBB+'' (Triple B plus) and ''A2'' (A two), respectively. These ratings denote a low expectation of credit risk emanating fro

Published 06 Jul, 2006 12:00am

$3 billion investment in pipeline for mega projects: PQA chief

The Chairman of Port Qasim Authority (PQA), Vice Admiral, Asad Qureshi has said that many mega projects are in the pipeline which attract an investment of at least $3 billion.

Published 06 Jul, 2006 12:00am

Need stressed to adopt latest advancements in cane uplift

Speakers at a workshop stressed the need to adopt the latest advancements in water management practices and farm mechanisation techniques in the Sindh province. The agriculture workshop on the subject of 'Cane Development' was arranged by Pakistan Society

Published 06 Jul, 2006 12:00am

Erra asked to assign task to federal agency

Provincial Relief Commissioner, Syed Anwar Haider has asked the Earthquake Rehabilitation and Reconstruction Authority (Erra) that the clearance of relief consignments be assigned to some federal agency like Ports & Shipping wing of Ministry of Ports and

Published 06 Jul, 2006 12:00am

Allied Bank ratings maintained

JCR-VIS Credit Rating Company Limited has maintained the ratings of Allied Bank Limited (ABL) at 'A+ / A-1+' (single A plus/ A-one plus) while outlook on the ratings has been revised upwards from 'Stable' to "'Positive'.

Published 06 Jul, 2006 12:00am

Allied Bank ratings maintained

JCR-VIS Credit Rating Company Limited has maintained the ratings of Allied Bank Limited (ABL) at 'A+ / A-1+' (single A plus/ A-one plus) while outlook on the ratings has been revised upwards from 'Stable' to "'Positive'.

Published 06 Jul, 2006 12:00am

RCCI condemns gas price hike

The Rawalpindi Chamber of Commerce & Industry (RCCI) has strongly condemned the 10 percent increase in the prices of gas, saying that at a time when the utility prices were already touching skies, the decision would hamper the momentum of economic growth

Published 06 Jul, 2006 12:00am

Audit notice to importers stayed

The notice for audit, issued to commercial importer, has been held in abeyance for 15 days by Central Board of Revenue (CBR) Sales Tax member.

Published 06 Jul, 2006 12:00am

Manual violations: advice to jail officials

Sindh Home Minister Rauf Siddiqi has directed all the superintendents and deputy superintendents of jails in Sindh to send signed clearance certificates to his office that no jail manual violations are taking place.

Published 06 Jul, 2006 12:00am

Prices of pulses have not come down: survey

Despite a number of apparent measures by the government after the budget prices of pulses have not come down, except for channa which registered Rs 3-4 per kilo downward trend. A Business Recorder survey showed that owing to the price spiral, sale

Published 06 Jul, 2006 12:00am

'Utility Stores will also sell sugar to shopkeepers'

The Managing Director, Utility Stores Corporation (USC), Brigadier Hafeez Ahmed (Retd), has said that the government's vision to provide relief to masses would be fulfilled through USC outlets. Addressing a press conference here on Wednesday, he said that

Published 06 Jul, 2006 12:00am

Rs 336 million project for widening Murree road inaugurated

Federal Minister for Interior Affairs Aftab Ahmed Khan Sherpao on Wednesday inaugurated Rs 336 million project for widening the Murree Road from Faizabad to Serena Hotel. On this occasion, the Federal Minister said that the government has decided to make

Published 06 Jul, 2006 12:00am

Over two maund charas seized

Anti-Narcotics Force (ANF) Punjab team following a raid at Bheera, recovered over two maund charas from a car and arrested two drug traffickers.

Published 06 Jul, 2006 12:00am

'Women must be released from clutches of exploitation'

Law Minister Wasi Zafar has said that women are facing poverty, exploitation, backwardness and deprivation, proper legislation is needed to overcome these social evils. He was addressing a seminar on 'Women and Children's Rights' organised by an NGO Islam

Published 06 Jul, 2006 12:00am

PTA conducts countrywide QoS survey of ISPs

A Quality of Service (QoS) survey of the Internet Service Providers (ISPs) was conducted by the Pakistan Telecommunication Authority (PTA) across the country. Five PTA Zonal offices across the country conducted the survey, the third of its kind to judge t

Published 06 Jul, 2006 12:00am

Officials must ensure proper delivery of show-cause notices: FTO

The Federal Tax Ombudsman, Justice Munir A Sheikh, has advised Revenue officials to issue proper, clear and precise show-cause notices to concerned persons/companies etc invoking relevant Sections of Sales Tax Act and get proper receipts of the served not

Published 06 Jul, 2006 12:00am

Fast-track uplift projects initiated for Northern Areas: Musharraf

President General Pervez Musharraf said here on Wednesday that the government has initiated a series of projects for fast-track progress in Northern Areas and has envisioned a bright future for the people through development of regional economic links.

Published 06 Jul, 2006 12:00am

Fast-track uplift projects initiated for Northern Areas: Musharraf

President General Pervez Musharraf said here on Wednesday that the government has initiated a series of projects for fast-track progress in Northern Areas and has envisioned a bright future for the people through development of regional economic links.

Published 06 Jul, 2006 12:00am

Fast-track uplift projects initiated for Northern Areas: Musharraf

President General Pervez Musharraf said here on Wednesday that the government has initiated a series of projects for fast-track progress in Northern Areas and has envisioned a bright future for the people through development of regional economic links.

Published 06 Jul, 2006 12:00am

ADB signs $42 million pact for Fata rural project

The Asian Development Bank (ADB) has signed $42 million loan agreement with Pakistan for Federally-Administered Tribal Area (Fata) Rural Development Project designed to reduce incidence of poverty in the far-flung areas of the region.

Published 06 Jul, 2006 12:00am

Ombudsman directs PBFB

The Provincial Ombudsman has directed the Provincial Benevolent Fund Board (PBFB) to direct all DCOs in the province to refrain from rejecting incomplete applications without providing an opportunity to the applicants to complete their applications within

Published 06 Jul, 2006 12:00am

Oracle's revenue increases by 18 percent

Oracle has announced significant customer traction and revenue growth in the Asia Pacific & Japan region, bringing in more than $2 billion in total revenues fiscal 2006. For full fiscal year 06 (ended May 31, 2006), Oracle reported total revenue of $2.02

Published 06 Jul, 2006 12:00am

Oracle's revenue increases by 18 percent

Oracle has announced significant customer traction and revenue growth in the Asia Pacific & Japan region, bringing in more than $2 billion in total revenues fiscal 2006. For full fiscal year 06 (ended May 31, 2006), Oracle reported total revenue of $2.02

Published 06 Jul, 2006 12:00am

Sindh minister orders revamping of colleges

Sindh Minister for Education and Literacy, Dr Hamida Khuhro, has ordered comprehensive revamping plan for colleges along with redeployment of teachers to improve the working and output of these institutions. She issued the directive to this effect while p

Published 06 Jul, 2006 12:00am

US surgeons to perform surgeries at CHK and NICH

A team of United States surgeons, comprising a reconstructive surgeon and a paediatric surgeon, will be performing surgeries at Burns Centre of Civil Hospital and National Institute of Child Health here from Thursday to Sunday.

Published 06 Jul, 2006 12:00am

110 AIDS cases detected in tribal area

110 AIDS cases have been detected in the tribal areas with highest number of patients 49 found in Kurram Agency followed by North Waziristan where their number is 27. This was told in a workshop held here by Dr Muhammad Zubair Khan, Director Health Servic

Published 06 Jul, 2006 12:00am

Third JAZZ and IM awards

Music and talent was given its due share of recognition in Lahore at the 3rd JAZZ IM Awards, 2006, with celebrities from the music and fashion industry cascading the red carpet in glamour to appreciate nominees of the 2006 Awards.

Published 06 Jul, 2006 12:00am

Oil tanker contractors threaten strike

Oil Tanker Contractors Association (OTCA) has rejected raise in income tax on transport to six percent from two percent and threatened to go on strike if the decision was not withdrawn within next 72 hours.

Published 06 Jul, 2006 12:00am

Work on K-2 of KFH begins

Work on up gradation and renovation of auction hell under K-2 project at a cost of Rs 30 million began here on Wednesday at Karachi Fish Harbour. Advisor to Sindh CM on Fisheries, Fakir Jaddam Mangrio inaugurated the project, which would be completed in t

Published 06 Jul, 2006 12:00am

State Bank's credit planning

The National Credit Consultative Council (NCCC) meeting, chaired by the State Bank Governor on 4th July, reviewed as usual the monetary and credit developments during the past fiscal year and made projections for these aggregates for 2006-07.

Published 06 Jul, 2006 12:00am

The high cost of doing business

Speaking at the inauguration of a training scheme in Karachi's Korangi Industrial Area on Monday, Minister for Textile Industry Mushtaq Ali Cheema, disclosed that his ministry has prepared a comparative study of cost of doing business in Pakistan and its

Published 06 Jul, 2006 12:00am

Passing of Finance Bill: some PML members' reservations-I

The adoption of Finance Bill 2006-07 by the Parliament on June 21, 2006, in utter haste without assessing its impact on the economy and devastating burden of regressive taxes on the poor, once again proved that the so-called elected representatives are no

Published 06 Jul, 2006 12:00am

Iran and Venezuela team up as anti-US 'odd couple'

To deserve a statue in central Tehran, you normally need to be an 11th-century Persian poet. However, Venezuela's 19th-century independence leader Simon Bolivar surveys passers-by in Goftogou Park.

Published 06 Jul, 2006 12:00am

Hardship of wholesalers

With reference to a letter on the above subject, published in your esteemed paper on 27/06/06, it is a fact that the wholesalers are in a miserable position and they are at a loss to understand what to do. I am also a sufferer because of the government's

Published 06 Jul, 2006 12:00am

Indian films

Recently the Government has permitted the release of some specific Indian films in Pakistan. Though the income to be realised through the screening of these movies will be spent on the uplift of the earthquake victims, nevertheless a section of the societ

Published 06 Jul, 2006 12:00am

15 percent allowance for contract employees announced

Punjab Chief Minister Chaudhry Pervaiz Elahi has announced 15 percent dearness allowance for contract employees of all provincial departments from July on the pattern of regular employees to facilitate them.

Published 06 Jul, 2006 12:00am

Three killed in road accident

Three brothers on a bicycle were trampled to death under the wheels of a hit-and-run loader van on the Chiniot-Jhang road near Haveli Loharan at around 9.00 o'clock on Wednesday morning. The rashly driven loader van (No 4527) rammed into the cycle, and al

Published 06 Jul, 2006 12:00am

Drive against sale of fake fertilisers initiated

Sialkot district government has initiated a vigorous drive against the sale of adulterated fertilisers in Sialkot, Daska, Pasrur and Sambrial tehsils. As many as 235 samples have been collected during the drive and sent to Lahore for laboratory test, said

Published 06 Jul, 2006 12:00am

Sizzling heat persists in southern Punjab

There is no letup in heat and sizzling heat persisted in southern Punjab. At least 31 people including one minor child and four women have died and 155 fainted of heat stroke in Punjab province during last 24 hours till Wednesday 0200 pm as the temperatur

Published 06 Jul, 2006 12:00am

Partly Facetious: just a bit more interference in our domestic affairs

"Everyone got angry when Condi Rice said we should have free and fair elections."

Published 06 Jul, 2006 12:00am

CoD termed milestone for democracy

Speakers at a function organised by People Lawyers Forum (PLF) have said that Charter of Democracy (CoD) would prove milestone for democracy in the country.

Published 06 Jul, 2006 12:00am

Five killed as tractor-trolley falls into nullah

Five persons were killed and eight severely injured when a tractor-trolley, bound for Badami Bagh on Lahore Road, fell into the Dek Nullah here early in the morning on Wednesday.

Published 06 Jul, 2006 12:00am

Flood protection plan chalked out

The district government of Sialkot has chalked out a foolproof flood protection plan to cope with any eventuality during the monsoon season. Official sources told Business Recorder here on Wednesday that Sialkot district had been divided into 18 se

Published 06 Jul, 2006 12:00am

'Imran destroyed Pakistan Tehrik-e-Insaf'

Imran Khan has destroyed the Pakistan Tehrik-e-Insaf (PTI) due to its dictatorial attitude and policies while top leadership has left the party after knowing that its chief is running it just for self-projection, not as a political party, said Farooq Mali

Published 06 Jul, 2006 12:00am

Plan to turn Women Library into Trauma Centre lambasted

A large number of women workers of Jamaat-i-Islami (JI) including councillors on Wednesday held a protest demonstration outside Karachi Press Club (KPC) against City District Government Karachi (CDGK) for transforming under construction Women Library Comp

Published 06 Jul, 2006 12:00am

Gold retreats after hitting one-month highs

Gold rose to a one-month high on Wednesday on safe-haven buying after North Korea test-launched several missiles, but lost all its winnings in late trade as a firmer dollar triggered profit-taking.

Published 06 Jul, 2006 12:00am

Copper closes lower, nickel off record peak

Copper closed slightly lower on the London Metal Exchange on Wednesday giving up early gains, while nickel, which touched a new record high at midday, ended slightly firmer, analysts said.

Published 06 Jul, 2006 12:00am

Drought, government policies threaten Argentine wheat crop

Argentine farmers are expected to plant more wheat this season, but analysts say drought and discouraging government policies will shrink seeded area below the 6.0 million hectares initially forecast.

Published 06 Jul, 2006 12:00am

London cocoa hits fresh high

London cocoa futures rose to a fresh 15-month high on speculative buying and switch trading on Wednesday, dealers said. The benchmark September contract settled up 18 pounds, or 2 percent, at 987 pounds a tonne after trading between 991 and 963 pounds. To

Published 06 Jul, 2006 12:00am

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 06 Jul, 2006 12:00am

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 06 Jul, 2006 12:00am

James Richardson to build large canola crush plant

Canada's third-largest grain company said on Wednesday it was looking for a North American site to build a C$100 million ($90 million) canola crushing plant that will produce vegetable oil and high-protein animal feed.

Published 06 Jul, 2006 12:00am

Commodities at 'critical juncture' after Fed move

Commodities prices may be resurging after last month's modest hike in US interest rates but risks from the broader economy and within markets are not over, sector experts said on Wednesday.

Published 06 Jul, 2006 12:00am

Oil hits record above $75 on US demand, Iran tension

Oil jumped to a record high above $75 a barrel on Wednesday on strong US demand and ongoing tensions over Iran's nuclear program. US crude futures reached a record settlement of $75.19, up 1.7 percent, or $1.26, on Wednesday, after hitting an all-time int

Published 06 Jul, 2006 12:00am

AWB, Wheat Australia clash over Iraq grain trade

Australia's embattled monopoly wheat exporter, AWB Ltd has refused to supply wheat to potential rival Wheat Australia for export to Iraq in a move which could cost sales to the group's once-biggest market.

Published 06 Jul, 2006 12:00am

Trade to seek clues at first EU grain export tender

The European Union is holding the first round of its free-market and intervention grain export tenders on Thursday, which will give the market hints on its export policy for the 2006/2007 season.

Published 06 Jul, 2006 12:00am

Xiwang gets approval for US GMO corn imports

China Xiwang Sugar Holdings Co Ltd said on Wednesday it had obtained government approval for US corn imports, which signalled that Beijing would no longer stand in the way of the grain's trade.

Published 06 Jul, 2006 12:00am

Britain's top share index down

Britain's FTSE 100 index fell 1 percent on Wednesday as news that North Korea test-fired missiles rattled global equity markets, while the banking sector suffered as hopes faded for an imminent bid for [Alliance & Leicester].

Published 06 Jul, 2006 12:00am

Closing stock market indices

Here is how major stock markets outside the United States ended on Wednesday.

Published 06 Jul, 2006 12:00am

Seoul stocks decline

Seoul shares fell 0.5 percent on Wednesday, after North Korea's missile launch heightened geopolitical tensions, hitting blue chips such as LG Electronics and Hyundai Group units that run inter-Korean business projects.

Published 06 Jul, 2006 12:00am

Wednesday's unofficial close: US stocks slip on North Korea missile tests

US stocks fell on Wednesday as North Korea's test-firing of a barrage of missiles rattled investors and strong payroll data tempered hopes for a pause in interest rate hikes.

Published 06 Jul, 2006 12:00am

Bonds fall, track US stocks decline

European corporate bonds fell on Wednesday, tracking losses in stock markets, and France's Schneider Electric was close to selling two bonds worth a total of 1.0 billion euros ($1.28 billion).

Published 06 Jul, 2006 12:00am

Bonds fall, track US stocks decline

European corporate bonds fell on Wednesday, tracking losses in stock markets, and France's Schneider Electric was close to selling two bonds worth a total of 1.0 billion euros ($1.28 billion).

Published 06 Jul, 2006 12:00am

Indian rupee eases

The Indian rupee eased on Wednesday as Asian currencies, including the Japanese yen, fell against the dollar after news that North Korea had test-fired missiles triggered concerns about geo-political risks.

Published 06 Jul, 2006 12:00am

Yen hits record low versus euro

The yen slipped to a record low against the euro on Wednesday as news North Korea test-fired at least seven missiles deepened recent losses from expectations that Japanese interest rates would rise only gradually.

Published 06 Jul, 2006 12:00am

Sterling steadies versus euro

Sterling was steady against the euro above recent two-month lows on Wednesday as investors awaited Thursday rate decisions from the Bank of England and the European Central Bank. The BoE is expected to hold rates steady at 4.5 percent and the ECB is expec

Published 06 Jul, 2006 12:00am

North Korea test-fires seven missiles; US warns

The UN Security Council on Wednesday considered imposing sanctions on North Korea's weapons program after the reclusive state test-fired a series of missiles including a long-range weapon.

Published 06 Jul, 2006 12:00am

Kazakhstan passes media law despite US pressure

Kazakh President Nursultan Nazarbayev signed new legislation tightening controls on the media on Wednesday despite criticism from the United States and Europe. Nazarbayev vetoed similar legislation in 2004 after the West criticised earlier plans to tighte

Published 06 Jul, 2006 12:00am

Macedonia holds close-run election

Macedonians voted in a closely fought general election on Wednesday, hoping to avoid the fraud and intimidation that marred past polls and stay on track for future membership of the European Union.

Published 06 Jul, 2006 12:00am

Maliki demands rape probe, slams US immunity: car bomb kills six

Iraq's new government demanded an independent inquiry on Wednesday into charges US soldiers raped and murdered a teenager and killed her family, and said foreign troops' immunity from Iraqi law should be reviewed.

Published 06 Jul, 2006 12:00am

'Dispute over nuclear fuel simmers in G8'

Some of Washington's Western allies are seeking to end a US-driven de facto ban on transfers of nuclear fuel technology to countries wishing to enrich uranium for electricity production, diplomats say.

Published 06 Jul, 2006 12:00am

No military solution in Sri Lanka: outgoing US envoy

There is no military solution to Sri Lanka's separatist conflict, outgoing US Ambassador Jeffrey Lunstead said, as daily bloodshed has raised fears of renewed war.

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

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

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

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

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

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

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

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

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

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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