News Archives for Print - 2006-07-30

Print - 2006-07-30

Transatlantic clean tanker rates remain stable

The clean tanker rates in the transatlantic and Caribbean markets were moving mostly sideways this week, holding onto gains from the previous week, ship brokers said on Wednesday.

Published 30 Jul, 2006 12:00am

Asian bunker prices fall, premiums up in Japan

Asian bunker outright prices fell in most of Asia, but the market in Japan was supported by limited stocks, traders said on Wednesday. Japan's benchmark 380-centistoke (cst) grade rose $15.00 to $370.00 a tonne against $355.00 last week, while premiums ed

Published 30 Jul, 2006 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 82,753 tonnes of cargo including 59,767 tonnes import, 22,986 tonnes export cargo and 3,009 containers during last 24 hours ending at 0700 hours on Saturday.

Published 30 Jul, 2006 12:00am

New York coffee soars

Arabica coffee futures closed with strong gains on Friday, after a rally to a two-week high, when funds bought the New York coffee contracts on London robusta prices storming up over five percent, traders said.

Published 30 Jul, 2006 12:00am

New York cocoa higher

US cocoa futures settled modestly higher on Friday as prices continued to trade at the lower end of their recent range following this month's precipitous sell-off, sources said. "As far as I'm concerned, this market is still trying to find a bottom," said

Published 30 Jul, 2006 12:00am

New York sugar climbs

Raw sugar prices ended mostly higher on Friday on trade and speculative buying, but most analysts felt the market would likely sag further from commodity fund and speculative liquidation going into next week.

Published 30 Jul, 2006 12:00am

New York cotton up in lifeless trade

Cotton futures settled fractionally higher Friday on speculative buying as a lack of leads becalmed trading and most players waited for news to provide direction for the market next week, brokers said.

Published 30 Jul, 2006 12:00am

Indian wheat and soyaoil futures rise, sugar falls

Indian wheat futures rose on Friday after the State Trading Corp (STC) issued a new import tender for 400,000 tonnes of the grain, a move which traders said showed the government was desperately short of wheat.

Published 30 Jul, 2006 12:00am

EU report sees balanced long-term grain market

European Union grain markets will be relatively balanced over 2006-2013 as a modest rise in output is matched by demand growth from the livestock and biofuel industries, the European Commission said in a report on Friday.

Published 30 Jul, 2006 12:00am

CBOT rice ends mixed

Chicago Board of Trade rough rice futures closed mixed on Friday with the nearbys weak after a choppy, range-bound session, traders said. "There was some pretty good commercial buying but the market was range-bound waiting for something new to develop," s

Published 30 Jul, 2006 12:00am

New York gold firmer

Gold futures in New York reversed early losses and settled up 0.4 percent on Friday after the dollar fell on US data showing second-quarter economic growth slowed abruptly, analysts said.

Published 30 Jul, 2006 12:00am

New York copper gains

Comex copper futures climbed two percent on Friday, boosted by a late bout of speculative buying following news that workers at the Escondida copper mine began their vote to strike, sources said.

Published 30 Jul, 2006 12:00am

Soyabeans close firm

Soyabean futures at the Chicago Board of Trade closed higher on Friday on a technical bounce supported by the rally in soyaoil, traders said. CBOT soyabean oil prices got a lift from strong demand for vegetable oils world-wide as the biodiesel industry ex

Published 30 Jul, 2006 12:00am

Indian rubber demand rising on growing auto sector

India's rubber consumption is expected to continue growing in the next few year, driven by the auto sector, industry officials said on Friday. Y.S. Lathia, head of the All India Rubber Industries Association, told Reuters on the sidelines of a rubber conf

Published 30 Jul, 2006 12:00am

Middle East and weather concerns dominate world commodity markets

Global commodity markets showed mixed fortunes last week as traders tracked tensions in the Middle East and weather developments in key producing countries. Meanwhile, base metals found support in news of a strike threat at a major copper mine in Chile, w

Published 30 Jul, 2006 12:00am

Bangladesh taskforce wants more incentives for textiles

A government-appointed taskforce has recommended a package of incentives that included doubling cash and extending tax holidays to make Bangladesh's textiles business more competitive. The recommendations come as the United States and EU plan to waive exp

Published 30 Jul, 2006 12:00am

Workers vote for Escondida mine strike

Workers at Chile's Escondida, the world's largest copper mine, voted overwhelmingly on Friday to strike to demand a new contract offer from the company that reflected soaring copper prices.

Published 30 Jul, 2006 12:00am

US House approves pension overhaul bill

The House of Representatives approved a bill late Friday to overhaul the creaking US private pension system and prevent more spectacular airline pension defaults, and sent the measure to the Senate for possible action next week.

Published 30 Jul, 2006 12:00am

Pfizer replaces chief executive Hank

Pfizer Inc abruptly replaced Chief Executive Hank McKinnell on Friday, selecting its top lawyer, Jeffrey Kindler, to run the world's largest drugmaker.

Published 30 Jul, 2006 12:00am

Oil exporters use windfall billions to spur growth

A year of record-breaking oil prices could earn the world's top exporters $700 billion and give them the confidence to build the foundation for decades of economic growth. Oil's four-year demand-driven rally has boosted prices from $20 a barrel to well be

Published 30 Jul, 2006 12:00am

Turkey sees five percent growth this year

Turkey expects to reach a 5 percent growth target in 2006, despite stiff rate hikes, and sees its primary surplus above a target of 6.5 percent of GNP, it said in a letter of intent to the IMF published on Saturday.

Published 30 Jul, 2006 12:00am

Asia needs to start strategic oil reserves: IEA

Asia should push ahead with costly emergency oil stockpiles even though the West's huge government reserves have been unable to quell market fears of a shortage, the head of the International Energy Agency (IEA) said on Saturday.

Published 30 Jul, 2006 12:00am

China reports new outbreak of foot-and-mouth

China has reported a new outbreak of foot-and-mouth disease in the far western province of Qinghai, state television said on Saturday. It said the outbreak in Golmud city was discovered last week but it had already been bought under control with the slaug

Published 30 Jul, 2006 12:00am

German tax reform plan meets new criticism

The German coalition government's business tax reform plan came under fresh attack on Saturday, with regional leaders threatening to vote against the measure and top companies reportedly also opposing the overhaul.

Published 30 Jul, 2006 12:00am

Parmalat core profit rises

Italian dairy group Parmalat said on Friday earnings before interest, tax, amortisation and depreciation (EBITDA) rose 21.4 percent to 160 million euros ($203 million) in the first half of 2006. Parmalat, which relisted in October 2005, two years after a

Published 30 Jul, 2006 12:00am

Parmalat core profit rises

Published 30 Jul, 2006 12:00am

South Korean court rejects arrest of Lone Star unit boss

A South Korean district court has turned down a request to arrest the head of US buyout fund Lone Star's unit, a judge at the court said on Saturday, a move that may slow prosecutors' investigation into the fund.

Published 30 Jul, 2006 12:00am

Merkel expects fall in unemployment

Chancellor Angela Merkel said in a newspaper interview released on Saturday she expected Germany's unemployment rate had fallen in July. "In June we had the strongest month-on-month decline in 16 years, in July I anticipate a continuation of the positive

Published 30 Jul, 2006 12:00am

ABN Amro acquires remaining 1.1 percent stake in Antonveneta

Dutch bank ABN Amro NV said on Saturday it has exercised its right to acquire the remaining 1.1 percent stake in Banca Antonveneta after gaining a majority control of the Italian bank in March.

Published 30 Jul, 2006 12:00am

Venezuela invites Iran to expand energy investment

Venezuelan President Hugo Chavez on Saturday invited his close ally Iran to deepen its investment in his country's energy sector, particularly seeking help to develop tarry Orinoco crude and offshore gas.

Published 30 Jul, 2006 12:00am

Canadian bonds rise on long end

The Canadian long-dated bond prices rose on Friday, while 2-year notes were little changed on the weak US growth report and sliding Canadian factory prices data. "We did get some negative numbers on the producer cost front, and that could suggest less inf

Published 30 Jul, 2006 12:00am

Canadian bonds rise on long end

Published 30 Jul, 2006 12:00am

Mexican stocks climb

Mexico's IPC stock index rose 0.56 percent to close at 20,252.33 points on Friday, with investor sentiment lifted by a flurry of robust corporate earnings reports. "America Movil posted extraordinary results and this is still driving the market. I think i

Published 30 Jul, 2006 12:00am

Chile stocks make little gains

Chilean stocks gained for a fifth session in quiet trade on Friday, in line with other regional markets. The IPSA blue chip index rose 0.66 percent to 2,133.39 points while the broader IGPA index climbed 0.54 percent to 9,908.62 points, preliminary closin

Published 30 Jul, 2006 12:00am

High-grade US corporate bonds mostly stable

Spreads in the high-grade US corporate bond market were mostly stable on Friday, while Dura Automotive's prices slipped on poor earnings and credit rating downgrades.

Published 30 Jul, 2006 12:00am

High-grade US corporate bonds mostly stable

Spreads in the high-grade US corporate bond market were mostly stable on Friday, while Dura Automotive's prices slipped on poor earnings and credit rating downgrades.

Published 30 Jul, 2006 12:00am

US Treasuries surge on unexpectedly soft GDP

US Treasury debt prices rallied and the yield curve normalised on Friday as a report showing slower economic growth bolstered expectations the Federal Reserve will end its campaign of interest rate increases. The benchmark 10-year yield tumbled to a one-m

Published 30 Jul, 2006 12:00am

US Treasuries surge on unexpectedly soft GDP

Published 30 Jul, 2006 12:00am

Argentine stocks inch higher

Argentine stocks closed slightly higher in light trading on Friday as institutional investors stayed on the sidelines, traders said. The MerVal index of 12 leading shares inched up 0.49 percent to 1,689.65 points, reducing its losses for the month to 1.25

Published 30 Jul, 2006 12:00am

US market expects to see more oil and gas IPOs

Record high energy prices have generated big demand for initial public offerings of oil and gas companies and even if some of these deals tank, analysts say the deals are likely to keep coming.

Published 30 Jul, 2006 12:00am

European Stocks: more corporate earnings in focus

Earnings from leading companies such as HSBC and Sanofi-Aventis, a euro zone interest rate decision and US jobs data hold the key next week to whether European shares can revisit the highs set in May.

Published 30 Jul, 2006 12:00am

Emerging debt prices rally

Emerging debt prices climbed on Friday, raising monthly returns to a record 3.5 percent, as data showing slower-than-expected US growth supported views that the Federal Reserve will give up raising interest rates in August, sending investors to seek bette

Published 30 Jul, 2006 12:00am

Emerging debt prices rally

Published 30 Jul, 2006 12:00am

Toronto stocks up on oils

Toronto stocks closed higher on Friday, helped by "the regular culprits" in the energy and mining sectors, with an added boost from Inco Ltd's withdrawal from the fight for Falconbridge. The Toronto Stock Exchange S&P/TSX composite index closed up 64.77 p

Published 30 Jul, 2006 12:00am

Brazilian stocks finish firmer

Brazilian stocks gained on Friday after signs of a weaker US economy signalled the Federal Reserve may refrain from future interest rate rises, keeping high-yielding emerging market securities attractive. The Bovespa index of the Sao Paulo Stock Exchange

Published 30 Jul, 2006 12:00am

American credit market outlook

Dura Automotive Systems Inc's debt continued to fall on Friday as investors grew increasingly concerned that the company poses higher risk of defaulting on its debt, following its much-wider-than-expected second-quarter loss.

Published 30 Jul, 2006 12:00am

American credit market outlook

Published 30 Jul, 2006 12:00am

US stocks jump on hopes for end to rate hikes

US stocks rallied on Friday as economic data bolstered hopes that the Federal Reserve may soon be done raising interest rates, and the S&P 500 recorded its best weekly gain since November 2004.

Published 30 Jul, 2006 12:00am

China central bank slams report on stronger yuan

China's central bank hit out on Friday at a report by a local newspaper suggesting the country could afford a much stronger yuan. The central bank "strongly condemned" a recent report in the China Business News that quoted an unnamed expert as saying the

Published 30 Jul, 2006 12:00am

August may not be as bad for dollar as US GDP suggests

Slowing US economic growth intensified the dollar's sell-off on Friday but a host of potential hurdles in the coming weeks suggest the dollar's path lower may not be quite so clear-cut.

Published 30 Jul, 2006 12:00am

Dollar slumps after weak US GDP shrinks

The dollar slid on Friday after a report showed the US economy grew at a surprisingly slow clip in the second quarter, backing a view that the Federal Reserve may leave interest rates on hold next month.

Published 30 Jul, 2006 12:00am

Canadian dollar helped by weak USD

The Canadian dollar strengthened against the US currency on Friday, benefiting from expectations of foreign interest in Canadian companies and the greenback's slide on the back of weak growth data.

Published 30 Jul, 2006 12:00am

Speculators' net short yen position increases to record: IMM

International Monetary Market currency speculators in the week ended July 25 increased their bets against the yen to record levels, data released on Friday showed, but they may already have started to unwind some of them.

Published 30 Jul, 2006 12:00am

Forex market views and key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market:

Published 30 Jul, 2006 12:00am

Agassi loses in final Los Angeles appearance

Andre Agassi bid farewell to a tournament that helped shape his glorious career, losing to Fernando Gonzalez in the quarter-finals of his final appearance at the Los Angeles ATP event on Friday.

Published 30 Jul, 2006 12:00am

Zimbabwe edge down Bangladesh in one-day thriller

Zimbabwe held their nerve to edge a two-wicket victory over Bangladesh in the opening one-dayer of a five-match series at the Harare Sports Club here Saturday. Stuart Matsikenyeri was the hero for Zimbabwe, top-scoring with 89 in a sixth-wicket stand of 1

Published 30 Jul, 2006 12:00am

Jayawardene, Sangakkara set world record

Mahela Jayawardene smashed the fourth highest score of 374 and shared a world record stand of 624 with Kumar Sangakkara as Sri Lanka battered South Africa in the first Test here on Saturday. The batting feast at the Sinhalese sports club saw Sri Lanka pil

Published 30 Jul, 2006 12:00am

Harmison, Panesar bowl England to victory

Monty Panesar and Stephen Harmison again proved a lethal combination for Pakistan as England won the second Test by an innings and 120 runs with more than two days to spare. The duo, who took 19 out the 20 wickets to fall (the other was a run-out), dismis

Published 30 Jul, 2006 12:00am

Sri Lankan forces kill 8 fighters

Sri Lankan air force jets killed eight Tamil Tiger fighters and injured several more in a fourth day of aerial bombings on Saturday in a bid to wrest control of a reservoir in the restive east, the rebels said.

Published 30 Jul, 2006 12:00am

21 die in India rains

Another 21 people died from lightning and house collapses in northern India, an official said Saturday, taking the nation-wide death toll to at least 328 since the monsoon began two months ago. The new casualties were reported in northern Uttar Pradesh st

Published 30 Jul, 2006 12:00am

Bus blast kills two in India

Two people were killed and nine were injured when a small left-wing group set off a bomb on a bus in eastern India on Saturday, police said. A police official said the attack seemed to be the result of a bitter dispute between armed left-wing groups.

Published 30 Jul, 2006 12:00am

Opposition and government supporters march in Bangladesh

Thousands of activists marched in the Bangladesh capital Dhaka on Saturday on the fifth day of countrywide road protests by the opposition alliance. The ruling Bangladesh Nationalist Party (BNP) also launched a three-day programme of countrywide road marc

Published 30 Jul, 2006 12:00am

World leaders back Congo polls as democracy test

World leaders urged the people of Congo on Saturday to shun violence and embrace democracy by voting peacefully in the country's first free multi-party elections in 40 years this weekend.

Published 30 Jul, 2006 12:00am

Gunman at Seattle kills woman, wounds five

A gunman who allegedly said he was "angry at Israel" killed a woman and wounded five others Friday in a Jewish community centre in Seattle, according to local news reports and police.

Published 30 Jul, 2006 12:00am

Syria denounces call for international Lebanon force

Syria on Saturday slammed US-backed proposals for the deployment of a multinational force in southern Lebanon, saying it would be "an occupation force" that could deepen the conflict and spark a backlash against the troops.

Published 30 Jul, 2006 12:00am

Land-owners advised to get bank passbooks prepared

The Executive District Officer Revenue, Hyderabad, Abdul Sattar Jatto has advised landlords/khatedars of the district to get their passbooks of Agricultural Bank prepared from the office of Taluka Mukhtairkar concerned, so that they could avail the facili

Published 30 Jul, 2006 12:00am

Punjab plans agriculture marketing training institute

The Punjab government has decided to establish an Agri Marketing Training Institute where farmers and other stakeholders will be taught modern farming methods for high yields, storage and packaging of produce on international standards to ensure increased

Published 30 Jul, 2006 12:00am

HEC and CSF to promote knowledge-based economic uplift

Competitiveness Support Fund (CSF) and the Higher Education Commission (HEC) will jointly support initiatives to promote knowledge-based economic development and ensure long-term economic growth. Both the organisations would co-operate with each other thr

Published 30 Jul, 2006 12:00am

'Gloves industry playing instrumental role in strengthening economy'

Pakistan Gloves Manufacturers and Exporters Association (PGMEA) Chairman Dr Shumail Saeed Barlas has said that gloves industry was playing an instrumental role in strengthening the national economy contributing $250 million to the national exchequer.

Published 30 Jul, 2006 12:00am

Active OIC role urged

Former Ambassador, Khalid Salim on Saturday urged the need for an active role of Organisation of Islamic Conference (OIC) for convincing the civilised world to address the root causes of violence in various parts of world.

Published 30 Jul, 2006 12:00am

Mi-Swaco donates Rs 0.9 million for quake fund

An Austrian company engaged in oil and gas exploration in Pakistan, Mi-Swaco donated Rs 900,000 to President Earthquake Fund (PEF). George Wachtel General Manager OMV Pakistan presented the cheque to Ahmad Waqar, Secretary Ministry of Petroleum and Natura

Published 30 Jul, 2006 12:00am

Islamabad put on alert to combat flood-like situation

Local Administration on Saturday put officials on alert to handle any flood-like situation in the capital. Deputy Commissioner Islamabad, Chaudhry Muhammad Ali, put officials as well as concerned rescue agencies on alert to efficiently handle any flood-li

Published 30 Jul, 2006 12:00am

25 swept away in Karak floods

At least 25 people were reportedly swept away by flash flood in Takht-e-Nasrati village of district Karak, reports pouring in the provincial capital said on Saturday. 10 bodies have already been recovered while search for remaining was continuing.

Published 30 Jul, 2006 12:00am

25 swept away in Karak floods

Published 30 Jul, 2006 12:00am

Private sector asked to identify GIs products

The Intellectual Property Organisation (IPO) has urged the private sector to proactively identify their products with Geographical Indications (GIs) and apply for their registration to protect them against misappropriation by others countries.

Published 30 Jul, 2006 12:00am

Seminar on trade liberalisation on July 31

Social Policy and Development Centre (SPDC) will organise a seminar on 'Impact of Trade Liberalisation in Pakistan' at a local hotel here on Monday in collaboration with British Department for International Development (DFID). Chairman National Commission

Published 30 Jul, 2006 12:00am

Islamabad to host WIEF's second session

Pakistan will host the three-day second session of World Islamic Economic Forum (WIEF) here from November 5, official sources said. According to the sources, the session was being hosted on the special directives of Prime Minister Shaukat Aziz.

Published 30 Jul, 2006 12:00am

Pakistan faces threats due to wrong government policies: Imran

Pakistan Tehrik-e-Insaf Chairman Imran Khan has said that the country is facing severe internal and external threats due to wrong policies of present government.

Published 30 Jul, 2006 12:00am

Database of Afghan DPs soon: Rind

The government has decided to build up a comprehensive database of Afghans refugees in Pakistan for their voluntary repatriation. In this regard, the ministry of Safron and the UN refugee agency has already inked an agreement on the registration of Afghan

Published 30 Jul, 2006 12:00am

Indian help in Madressahs reform: media reports termed baseless

Pakistan High Commission to India on Saturday described media reports that Islamabad has asked for advice and help regarding the education system in madrassas of West Bengal (India) as "baseless and incorrect".

Published 30 Jul, 2006 12:00am

'China reiterates support to Pakistan in world affairs'

Vice-chairwoman of the Standing Committee of the Chinese National People's Congress (NPC) He Luli met here with a delegation from the Pakistan Institute of Strategic Studies, headed by Dr Shireen M. Mazari. He Luli said that since China and Pakistan has b

Published 30 Jul, 2006 12:00am

Syrians see spirit of warrior Saladin in Hezbollah leader

By the tomb of Saladin in the old city of Damascus, dozens of Syrians each day pray for the repose of the warrior who liberated Jerusalem -- and for Hezbollah chief Hassan Nasrallah to emulate his victories today.

Published 30 Jul, 2006 12:00am

Suspicious Hyundai cab

A suspicious Hyundai cab of yellow colour has been observed twice in Block-A of North Nazimabad. There were four men in the car. They stopped in lanes and for sometime parked the car with the engine on with parking lights. It seems that they wanted to ent

Published 30 Jul, 2006 12:00am

Flag-bearer of democracy

I am surprised that many people considered Qazi Hussain Ahmad as the flag-bearer of democracy! I want to question these people to know had not Qazi was the man who completely sided with General Zia-ul-Haq, a dictator! He was rather a part of his shura.

Published 30 Jul, 2006 12:00am

Israeli genocide in Lebanon

The Muslim Ummah is watching helplessly the mass scale killings of civilians in Lebanon for the last ten days. Not a word has been uttered to rush in for their assistance from any Muslim country or the West. Even the UN apart from condemning the attack ha

Published 30 Jul, 2006 12:00am

Pillars of rating of Islamic financial institutions

The Islamic financial institutions have seen a mushrooming growth during the last decade owing to the fact that there is a large portion of untapped consumers around the globe that have silently waited for a long time to have such products. Such an immeas

Published 30 Jul, 2006 12:00am

Solar streetlights

The idea of installing solar streetlights in Karachi, floated by a local entrepreneur to tide over the growing energy crunch in the megapolis, needs to be seriously considered by the authorities. Power supply shutdowns, both scheduled and unscheduled, hav

Published 30 Jul, 2006 12:00am

Keeping Africa off Pakistan's export map

Despite the claims by different Musharraf-led regimes over the past seven years that they were pursuing a proactive policy to diversify the country's exports, it is only now that the Ministry of Commerce has started preparing a strategy to capture the mar

Published 30 Jul, 2006 12:00am

AJK Prime Minister visits Mazar-e-Iqbal

Prime Minister of Azad Jammu and Kashmir, Sardar Attiq Ahmed on Saturday visited Mazar of Allama Muhammad Iqbal and offered Fateha. On arrival at the Mazar, a smartly turned out contingent of Pakistan Rangers presented him guard of honour.

Published 30 Jul, 2006 12:00am

Government praised for minorities uplift: minister

Federal Minister for Religious Affairs and Minorities Affairs Ijaz ul Haq said Arch Bishop of Canterbury praised the role of present government for the uplift of minorities and efforts on the part of the government to bring them in mainstream.

Published 30 Jul, 2006 12:00am

Pemra awards satellite TV licence to Labbaik TV

Pakistan Electronic Media Regulatory Authority (Pemra) held a "Public Hearing" for award of Satellite TV license to M/s. Labbaik TV on Saturday in Karachi. Section 24(02) of Pemra Ordinance 2002, ordains Authority to hold public hearing at all provincial

Published 30 Jul, 2006 12:00am

Workshop held to introduce Access to Justice Development Fund

The Law and Justice Commission of Pakistan (LJCP) on Saturday organised an orientation/consultation workshop on the Access to Justice Development Fund (AJDF) at a local hotel here to introduce AJDF to a range of stakeholders of the law and justice sector.

Published 30 Jul, 2006 12:00am

Fatima Jinnah Awards: women ministry enlists 20 categories

Women Development Ministry has enlisted 20 categories of women for Fatima Jinnah Awards to be given by Prime Minister Shaukat Aziz on July 31. Sources told Business Recorder that invitations had been issued to 60 women for their outstanding perform

Published 30 Jul, 2006 12:00am

37 uplift plans going on in Hyderabad

The Executive Engineer, Provincial Building Division, Hyderabad, in his report has disclosed that as many as 37 different development schemes were under implementation at estimated cost of Rs 1718.9992 million.

Published 30 Jul, 2006 12:00am

SPDC seminar on July 31

Social Policy and Development Centre (SPDC) in collaboration with British Department for International Development (DFID) will be organising a seminar on 'Impact of Trade Liberalisation in Pakistan' at a local hotel on Monday (July 31). Chairman National

Published 30 Jul, 2006 12:00am

Environmental laboratories to be set up in five big cities

Provincial Development Working Party (PDWP), in its meeting, has passed the scheme of establishment of environmental laboratories in five big cities including Faisalabad, Gujranwala, Sialkot, Rahim Yar Khan and Bahawalpur with the objective of monitoring

Published 30 Jul, 2006 12:00am

Poultry sellers on strike

Poultry sellers kept the shutters down on Saturday to protest the fixation of meat prices at Rs 110 per kilogram by the city district government. "We can't sell chicken meat at this price as it costs us above Rs 120 per kilogram," said Shahid Ahmad, a San

Published 30 Jul, 2006 12:00am

PDDU programme held at Nust

The Photo-Dynamic Diagnosis in Ultrasound (PDDU) programme would benefit both doctors and patients, said Dr Nasrullah Malik, Registrar, National University of Science and Technology (Nust) here on Saturday.

Published 30 Jul, 2006 12:00am

Voters enrolment in Fata launched

NWFP Governor, Lieutenant General Ali Muhammad Jan Aurakzai (Retd), enrolled himself as voter to mark the launching of the process meant for preparation of fresh computerised electoral lists both in the province as well as Federally Administered Tribal Ar

Published 30 Jul, 2006 12:00am

Pakistan elected as UNGAID chair

Pakistan has been elected as the chair of the new United Nations Global Alliance for ICT and Development. An announcement to this effect was made in a communication received here on Saturday. It said that the UN Information and Communication Technologies

Published 30 Jul, 2006 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 21	277.82
USD PKR Interbank Buying / Oct 21	277.60
USD to Japanese Yen / Oct 22	150.86
USD to Swiss Franc / Oct 22	0.87
Pound Sterling to USD / Oct 22	1.30
Euro to USD / Oct 22	1.08

Stock	Volume
S&P 500 / Oct 21	5,853.98
Nasdaq / Oct 21	18,540.01
FTSE 100 / Oct 21	8,318.24
Dow Jones / Oct 21	42,931.60
Germany DAX 30 / Oct 21	19,461.19
France CAC40 / Oct 21	7,536.23
India Sensex / Oct 22	80,819.52
Tokyo Nikkei / Oct 22	38,436.98

Item	Value
Gold 10 Grams PKR / Oct 21	242,027
Crude Oil USD/Barrel / Oct 22	70.33
Karachi Cotton PKR/37.32 KG / Oct 22	18,085
Gold Spot USD/Ounce / Oct 22	2,734.40
Cotton US¢/pound / Oct 22	72.21
Petrol/Litre / Oct 23	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular