News Archives for Print - 2006-08-23

Print - 2006-08-23

New York cotton snaps losing streak

US cotton futures snapped a losing streak on Tuesday to end up for the first time in five days on trade buying and short-covering, dealers said.

Published 23 Aug, 2006 12:00am

Lightning kills six near Bisham

At least six people, including three children were killed in a lightning strike near the town of Bisham in a monsoon thunderstorm, police and reports said on Tuesday. Family members of a local councillor Javed Khan were struck at 2am, when they were aslee

Published 23 Aug, 2006 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (August 22, 2006).

Published 23 Aug, 2006 12:00am

Government trying to reduce high-energy cost: Soomro

Senate Chairman Mohammedmian Soomro has said that the government is well aware that high-energy cost is a big problem and looking for ways to reduce it. He was speaking at the eighth export excellence awards ceremony of Pakistan Readymade Garments Manufac

Published 23 Aug, 2006 12:00am

LME official prices

LME official prices on Monday.

Published 23 Aug, 2006 12:00am

Private developers asked to construct low-cost houses

Provincial Minister for Chief Minister's Inspection Team, Colonel Shuja Khanzada (Retd) has stressed upon private developers as well as owners of housing societies to construct high-standard low-cost houses for the low-income segments of the society.

Published 23 Aug, 2006 12:00am

LME official prices

LME official prices on Monday.

Published 23 Aug, 2006 12:00am

Filling of road potholes yet to begin

Despite the issuance of directives from City Nazim Syed Mustafa Kamal, the filling of road potholes has not yet been undertaken by the concerned department of the city government, which are causing serious road communication problems for public.

Published 23 Aug, 2006 12:00am

LME plastic prices

LME plastic prices on Monday.

Published 23 Aug, 2006 12:00am

PBC urges Musharraf to choose one office

Punjab Bar Council (PBC) acting vice-chairman, Muhammad Iqbal Mohal has called upon the President Pervez Musharraf to keep one office either of chief of army staff or President of Pakistan. While addressing a press conference here on Tuesday, Mohal also u

Published 23 Aug, 2006 12:00am

LME plastic prices

LME plastic prices on Monday.

Published 23 Aug, 2006 12:00am

Phone bills payment date extended

Pakistan Telecommunication Company Limited (PTCL) has extended the date of payment of telephone bills due to heavy rain in the city. According to a PTCL announcement, the customers can now pay their bills for current month till August 28.

Published 23 Aug, 2006 12:00am

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 23 Aug, 2006 12:00am

Ban on teachers' unions will not be lifted: Arbab

Sindh Chief Minister Arbab Ghulam Rahim on Tuesday said that the government would not lift the ban imposed on teachers' unions. He appreciated the role of the teachers and paid compliments to those "who value education" and want to maintain peace in educa

Published 23 Aug, 2006 12:00am

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 23 Aug, 2006 12:00am

British Deputy HC meets Sindh home minister

British Deputy High Commissioner Hamish Daniel on Tuesday met with Sindh Home Minister Rauf Siddiqui at his office and discussed the matters of mutual interest.

Published 23 Aug, 2006 12:00am

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 23 Aug, 2006 12:00am

Sindh bureaucrats told to submit assets statements

Sindh bureaucracy has been asked to declare its assets and account for excess accumulation of wealth, if any. Officials in charge in the Services and General Administration Department told Business Recorder on Tuesday that despite it being a regula

Published 23 Aug, 2006 12:00am

The Weather

The weather report on Tuesday (August 22, 2006) and the forecast for Wednesday (August 23, 2006).

Published 23 Aug, 2006 12:00am

Sindh bureaucrats told to submit assets statements

Published 23 Aug, 2006 12:00am

Increasing utility cost hits hosiery industry

Chairman, Pakistan Hosiery Manufactures Association (PHMA), Jawed Bilwani said that over 150 Rachel (Karl Mayer) Germany wrap knitting machines had been exported to China by the export-oriented knitting industry of Pakistan just because of the costs of vi

Published 23 Aug, 2006 12:00am

Foolproof security ordered on Shab-e-Mairaj

Sindh Inspector General Jehangir Mirza has directed Capital City Police Officer, Karachi, and regional police officers of Hyderabad and Sukkur to ensure foolproof security on the eve of Shab-e-Mairaj.

Published 23 Aug, 2006 12:00am

Gas bill payment date extended

The Sui Southern Gas Company (SSGC) has extended the date for the payment of gas bills for its industrial customers till August 28. A SSGC statement here on Monday said that due to the calamity by the recent rains in Karachi, the due date for the payment

Published 23 Aug, 2006 12:00am

Ruet body to meet on August 25

Provincial Zonal Ruet-e-Hilal Committee members will meet on August 25, one hour before the sunset, at Habib Bank Plaza building to decide the sighting of Shaban moon.

Published 23 Aug, 2006 12:00am

ICMAP holds Haj balloting

Institute of Cost and Management Accountants of Pakistan (ICMAP) has held the draw of ICMAP Haj scheme and announced one lucky employee for the coming Haj. Balloting for the year 2006 was held in August, with Institute's honorary treasurer, Mohammad Azam

Published 23 Aug, 2006 12:00am

Qazi optimistic about success of no-confidence move

Qazi Hussain Ahmed, President Muttahida Majlis-i-Amal (MMA) has expressed his optimism about the success of no confidence move against Prime Minister Shaukat Aziz saying that secret ballot if allowed by the government would prove last nail in the coffin o

Published 23 Aug, 2006 12:00am

'Journalists should be objective while reporting'

NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) inaugurated a newly built Press Club building at Khar, Bajaur Agency on Tuesday. Talking to local journalists on this occasion, the governor said that the government was fully committed to

Published 23 Aug, 2006 12:00am

Sindh chief secretary asks KWSB and KESC to pay each other's dues

Sindh Chief Secretary, Fazalur Rehman on Tuesday asked the Karachi Water and Sewerage Board (KWSB) authorities to accelerate the pace of reconciliation of their dues with the Karachi Electric Supply Corporation (KESC), so that both entities could pay thei

Published 23 Aug, 2006 12:00am

Training courses termed vital for professionals

The periodical training courses play a pivotal role for professionals to keep abreast with the latest trends and technologies. This was stated by Wapda General Manager (Administration) Brigadier Najam-us-Saqib while addressing a two-week Management Traini

Published 23 Aug, 2006 12:00am

'PSST to prepare PC-1 for STRTI'

President, Pakistan Society of Sugar Technologists (PSST), Abdul Waheed Qureshi has said that the society would prepare PC-1 for establishment of Sugar Technology Research and Training Institute (STRTI) in the country to make progress in this important se

Published 23 Aug, 2006 12:00am

Acting CJP takes oath today

Justice Rana Bhagwandas, senior most judge of the Supreme Court, will take oath as Acting Chief Justice of Pakistan (CJP) today (Wednesday). The oath will be administered by Justice Abdul Hameed Dogar, a senior judge of the apex court.

Published 23 Aug, 2006 12:00am

Libya to hire workers from Pakistan

Libya has assured that it would hire services of Pakistani professionals, skilled and semi-skilled workers to meet its local needs in various sectors. Federal Minister for Labour Manpower and Overseas Pakistanis Ghulam Sarwar Khan disclosed this while add

Published 23 Aug, 2006 12:00am

Pakistan can stop spread of polio: experts

The assessments of international experts have suggested that Pakistan has the best chance to stop the circulation of polio virus during 2006, as it had decreased the number of polio cases from 30,000 in 1994 to 13 till July 2006 under the Polio Eradicatio

Published 23 Aug, 2006 12:00am

AJK government to set up Kashmir Highway Authority

Azad Jammu and Kashmir (AJK) government has decided to establish Kashmir Highway Authority (KHA) to repair the dilapidated road network for attracting tourists, Business Recorder learnt on Tuesday.

Published 23 Aug, 2006 12:00am

Aurat Foundation certificate distribution ceremony today

The Aurat Foundation is arranging a certificate distribution ceremony here on August 23 in S.S. Club, University Road, at 7 pm to acknowledge the role of the staff members and partner networks that took part in the countrywide campaign for ensuring women'

Published 23 Aug, 2006 12:00am

Sindh HIV/AIDS control plan fails to meet targets

In order to curb rising HIV/AIDS cases in the province the Sindh HIV/AIDS Control Programme has failed to meet its targets. Sources in the Sindh Health Department told Business Recorder that the HIV/AIDS Control Programme initiated to eliminate the

Published 23 Aug, 2006 12:00am

Zakaria to contest for KCCI top slot

Former senior vice president of Karachi Chamber of Commerce and Industry (KCCI), Zakaria Usman has announced to contest forthcoming chamber's elections for the office of president as an independent candidate. Addressing a press conference at a local hotel

Published 23 Aug, 2006 12:00am

Arbab condoles with Ghinwa

Sindh Chief Minister Dr Arbab Ghulam Rahim on Tuesday visited 70-Clifton Karachi and offered condolence to chairperson, PPP (SB), Ghinwa Bhutto, on the demise of her father. Sardar Nadir Akmal Leghari, provincial minister for irrigation & power and genera

Published 23 Aug, 2006 12:00am

Mobilink and Strings to bring rhythm in peoples' lives

Mobilink, and Strings, Pakistan's versatile international band group, have teamed up to bring a combination of rhythm and song to people, who love quality music and a fun-filled lifestyle, said a press release on Tuesday.

Published 23 Aug, 2006 12:00am

EC officials briefed on voters list irregularities

Secretary General, PPP Sindh Nafis Siddiqui in meeting with Election Commission officials in Islamabad explained his party's views on irregularities during enumeration of voters list in Sindh province including Karachi.

Published 23 Aug, 2006 12:00am

SBSF to provide assistance to SMEs

Small and Medium Entrepreneurs Business Support Fund (SBSF) would provide financial assistance in consultancy cadre to two or three years old Small and Medium Enterprises (SMEs) having turnover of less than Rs 300 million and employees less than 250, said

Published 23 Aug, 2006 12:00am

Text of Pemra (Amendment) Act

The Senate on Tuesday passed amendments to Clauses 2-28 of the Pakistan Electronic Media Regulatory Authority Ordinance, 2002. The text is: WHEREAS it is expedient further to amend the Pakistan Electronic Media Regulatory Authority Ordinance, 2002 (XIII o

Published 23 Aug, 2006 12:00am

Wapda to spend Rs 33 billion on water projects

Water & Power Development Authority (Wapda) will spend Rs 33 billion on various water projects in the current fiscal year, while Rs 23 billion were spent during the last fiscal. This was disclosed at a meeting chaired by Wapda chief, Tariq Hamid to review

Published 23 Aug, 2006 12:00am

Cricket fans, players slam Hair

Cricket fans and players on Tuesday protested on the decision of umpire Darrell Hair describing the Australian as a "mini Hitler" and backed Inzamam-ul-Haq who is a symbol of the ancient city of Multan and Hero of Pakistan.

Published 23 Aug, 2006 12:00am

Anti-crime drive initiated in Sialkot: DPO

A vigorous drive against criminals has been initiated reducing the scale of crimes in Sialkot district said District Police Officer (DPO), Zubair Nawaz Chattha.

Published 23 Aug, 2006 12:00am

Punjab University announces BA and BSc results

Punjab University has announced the results of BA/BSc annual examination 2006 in which as many as 52,811 candidates have been declared successful out of 157,968 candidates who appeared in the examination, showing pass percentage as 33.43 percent.

Published 23 Aug, 2006 12:00am

Call to encourage people for blood donations

Chairman Hamza Welfare Foundation and Thalassemia Control Programme, Ijaz Ali Khan has said that blood donation is a charity work which is not hazardous to health as the doctors suggest that healthy people can donate blood after three months.

Published 23 Aug, 2006 12:00am

Pain management center set up

With a view to providing pain relief services to patients suffering from severe cancer pain and other chronic painful conditions, Lahore General Hospital (LGH) has established the 'cancer pain management center'. The center will work under the supervision

Published 23 Aug, 2006 12:00am

GCU hosts input workshop on catalyst intervention

A key stakeholders input workshop on catalyst intervention was held at the GC University Lahore on Tuesday and attended by heads of all the departments of the university. Akida Management Consultant President, Haider Zaidi, speaking on the occasion descri

Published 23 Aug, 2006 12:00am

13 plots illegally allotted to top army officials: AG report for 1997-98

As many as 13 costly residential plots in the federal capital were allotted to top military officials including some personal staff members of then Prime Minister Benazir Bhutto in 'clear violation of rules and regulations' back in 1993, reveals an audito

Published 23 Aug, 2006 12:00am

MUET vice chancellor vows to address employees' grievances

The vice chancellor of Mehran University of Engineering and Technology, Jamshoro has maintained that all possible efforts will be made by the university management to resolve the grievances of the employees.

Published 23 Aug, 2006 12:00am

Responsibilities of public authorities underlined

Justice Saleem Akhtar (Retd) has said public authorities including local government and other civic agencies were responsible to repair consequential losses in case they adversely affect the fundamental rights of the citizens.

Published 23 Aug, 2006 12:00am

US firm to help CBR install new system at Karachi airport

A company of the United States would provide technical assistance to the customs authorities for installing an "Advance Passengers Information System" at the Karachi airport, through which customs officials would be able to access passengers' data.

Published 23 Aug, 2006 12:00am

BoP earnings may depict growth

The Bank of Punjab's (BoP) earnings during the first half of the current year ended on June 30 are expected to depict a sanguine growth at Rs 2,231 million, 46 percent higher from Rs 1,531 million during the same period last year.

Published 23 Aug, 2006 12:00am

BoP earnings may depict growth

Published 23 Aug, 2006 12:00am

Baitul Maal gives Rs 320 million to needy

Punjab Baitul Maal department is extending grant to the NGOs for the public welfare projects and it has distributed Rs 320 million to the deserving people during the last three years.

Published 23 Aug, 2006 12:00am

LCCI calls for 'action plan' to reduce cost of doing business

Lahore Chamber of Commerce and Industry has demanded of the government to curtail the rate of local taxes, as the industry had been suffering due to high cost of doing business.

Published 23 Aug, 2006 12:00am

Nasreen stresses health bodies liaison

City Naib Nazim, Nasreen Jalil on Tuesday urged the Citizen's Consulting Health Committee and City Council's Health Committee to forge co-operation between them to ensure better healthcare facilities for citizens. She said this while, chairing a meeting o

Published 23 Aug, 2006 12:00am

CDGL's NOC must for power connection

District Nazim, Mian Amer Mahmood has said that owners of the newly constructed buildings would have to submit a No Objection Certificate (NOC), issued by the City District Government or the Lahore Development Authority (LDA).

Published 23 Aug, 2006 12:00am

World's leading buyers invited to Instyle fair

In the run-up of Instyle Pakistan 2006, the Federal Minister for Textile Industry, Mushtaq Ali Cheema has extended invitations to leading international buyers to attend the exhibition as VIP guests of the Government of Pakistan.

Published 23 Aug, 2006 12:00am

Lucky draw

The presentation ceremony of mega lucky draw is being held at new Testmart, Defence Shopping Mall, Lahore Cantt, on Wednesday (August 23). Punjab Minister for Environment, Makhdoom Ashfaq Ahmad will give away different prizes along with the mega prize of

Published 23 Aug, 2006 12:00am

Country moving towards progress: Cheema

Provincial Irrigation Minister Chaudhry Amir Sultan Cheema has said that country under the able leadership of Prime Minister Shaukat Aziz is fast moving on the road to progress and prosperity. In a statement issued here on Tuesday, Cheema maintained that

Published 23 Aug, 2006 12:00am

Legal notice to Punjab governor

A member of the Lahore High Court Bar Association (LHCBA) has served a legal notice to Governor Punjab who is also chancellor of Punjab University requesting him to withdraw the condition of entry test for admission in university; otherwise he will approa

Published 23 Aug, 2006 12:00am

Raising the forex liability?

The Independent Power Producers (IPPs) were invited to the country for investment to meet the emerging energy shortages and were offered lots of incentives for choosing Pakistan as a preferred destination for investment.

Published 23 Aug, 2006 12:00am

Contamination free cotton at long last

Coming so close to the new cotton picking season, announcement of the Clean Cotton Programme 2006-07 by the Ministry of Textile Industry (Minted) should be welcomed by all the stakeholders in the country's cotton economy. From all angles, it will be viewe

Published 23 Aug, 2006 12:00am

The Lebanon war, a post-mortem

What we might now be witnessing is the long beginning of the end of the Zionist State of Israel. I will talk my way to an explanation of why I think so; and then I'll address the question of what the most likely consequences would be.

Published 23 Aug, 2006 12:00am

Tsunami-hit area of Sri Lanka feels cost of war

Standing by the razed foundations of his home in Sri Lanka's southern tip, tsunami survivor Namal Kumara is far removed from fighting in the country's north between Tamil Tigers and the military.

Published 23 Aug, 2006 12:00am

US offer of help to Lebanon

The US Government has made a generous offer to help Lebanon as reported in the Press. I quote, "And I believe that Lebanon can and will emerge stronger from these events. As it does so, the United States will be working side by side."

Published 23 Aug, 2006 12:00am

Private schools

Worries for educating a child has increased fourfold because of private schools. Schools reopen so worries resume. The middle class parents are affected because of ever-increasing prices in school uniforms, textbooks and exercise copies.

Published 23 Aug, 2006 12:00am

Pitiable condition of road

I remember your paper has exhorted on umpteen occasions the vital link between roads and economic development. It is unfortunate that the Highway Department and government of Sindh are not sufficiently alive to their responsibility to keep roads in pliabl

Published 23 Aug, 2006 12:00am

Kargil issue

This is with reference to the ongoing discussion about Nawaz Sharif's role in politics and the Kargil issue. I have a few observations about Nawaz Sharif's politics. Nawaz Sharif is basically an irresponsible politician. He has been issuing irrational sta

Published 23 Aug, 2006 12:00am

Repair of roads in industrial areas ordered

Sindh Minister for Labour, Transport and Industry, Adil Siddiqui visited Landhi and Korangi Industrial Areas on Monday evening to take stock of the situation that had developed during the rains.

Published 23 Aug, 2006 12:00am

'Pakistan to have 50 linkages with UK universities'

Higher Education Commission and the British Council signed a memorandum of understand (MoU) to launch the second phase of the Joint Education Links Programme 'Higher Education Links with British Universities' which will see the establishment of 35 linkage

Published 23 Aug, 2006 12:00am

Dozens of protesting teachers injured in police action

Dozens of protesting teachers were injured, some of them seriously when heavy contingents of police on Tuesday resorted to teargas shelling, baton charge and aerial firing to them from marching towards Sindh Chief Minister House in protest against ban imp

Published 23 Aug, 2006 12:00am

Delhi needs full-time foreign minister to tackle hot issues: India Times

In stark contrast to the changes taking place around India, its government is lacking a full time foreign minister to steer its foreign policy in a definite direction, web edition of India Times said on Monday.

Published 23 Aug, 2006 12:00am

'Pakistan and Jordan enjoying cordial relations'

Mehmoodul Hussan Butt Professor Quaid Azim University Islamabad stated that Pakistan and Jordan are enjoying cordial relations and have identical views on all international issues. He said Pakistan and Jordan have identical views on terrorism and Middle E

Published 23 Aug, 2006 12:00am

Partly Facetious: the cost of doing US bidding

"We are told our cities have been purged of terrorists."

Published 23 Aug, 2006 12:00am

Inter-provincial coordination body meeting on August 28

The Inter-provincial Co-ordination Committee will meet here at the Cabinet Division on August 28 to discuss provinces related matters. The meeting will preside over by Federal Minister for Inter-provincial Co-ordination, Salim Saifullah Khan and attend by

Published 23 Aug, 2006 12:00am

Bangladesh port team visits KPT

A Bangladeshi port delegation visited Karachi Port Trust (KPT). The KPT statement, issued on Tuesday, said the visiting delegation met KPT Chairman Vice Admiral Ahmad Hayat in his office. The delegation was also briefed about the organisational structure,

Published 23 Aug, 2006 12:00am

Chinese shares make small gains

Chinese shares edged up 0.76 percent on Tuesday, supported by strong gains in metals and relief that Friday's interest rate hike had not significantly hurt the market. Shares in copper companies soared as a strike at Chile's Escondida, the world's largest

Published 23 Aug, 2006 12:00am

US MIDDAY: gold dips

Gold futures in New York pulled back early on Tuesday on dealer selling sparked by a firm dollar, but uncertainty over Iran's atomic ambitions and high oil prices helped support the safe-haven metal.

Published 23 Aug, 2006 12:00am

US MIDDAY: soyabeans firm

Soybean futures at the Chicago Board of Trade were called to open 1/2 to 1 cent per bushel higher Tuesday in a mild technical bounce, with the market oversold and prices hovering at 8-1/2-month lows, traders said.

Published 23 Aug, 2006 12:00am

US MIDDAY: copper down

Copper futures in New York traded down over 2 percent at the open on Tuesday amid some investor profit-taking as the market awaited new developments in the tense labour strife at Chile's Escondida mine, sources said.

Published 23 Aug, 2006 12:00am

US MIDDAY: corn lower

Corn futures on the Chicago Board of Trade were lower early on Tuesday on good crop weather in the US Midwest that was likely to add tonnage to this year's corn crop, traders said.

Published 23 Aug, 2006 12:00am

US MIDDAY: wheat falls

Wheat futures at the Chicago Board of Trade dropped on Tuesday on better crop weather in the US Plains hard red winter wheat region, traders said. Rainfall this week in the Plains has helped diminish concerns about the fate of next year's HRW production.

Published 23 Aug, 2006 12:00am

US MIDDAY: sugar down

Raw sugar futures were called to open 0.15 cent per lb. lower on Tuesday, based on orders placed before the open and on lower white sugar prices in London, exchange floor sources said.

Published 23 Aug, 2006 12:00am

US MIDDAY: coffee higher

US benchmark arabica coffee futures settled at a three-month high Tuesday, bolstered by speculative buying and spread trading due to lingering worries about tight robusta supply, traders said.

Published 23 Aug, 2006 12:00am

US MIDDAY: cocoa slips

US benchmark cocoa futures settled down 1.5 percent at a one-month low Tuesday, pressured by speculative selling amid a rising dollar and bearish technical signals on the price charts, traders said.

Published 23 Aug, 2006 12:00am

Gold, palladium drift lower in London

Gold prices moved back and forth in choppy trade on Tuesday partly influenced by movements in the dollar, and analysts said the metal might witness an uptrend after the end of the current holiday season.

Published 23 Aug, 2006 12:00am

Nickel hits new peak, Chile strike governs copper

Nickel ended at a new peak of $29,950 a tonne on Tuesday, up 5.1 percent on Monday's close and more than 100 percent higher than at the start of the year.

Published 23 Aug, 2006 12:00am

London coffee off seven-year peak

World robusta coffee futures closed up on Tuesday but off a fresh seven-year high hit on the back of news on damage to stocks in Italy just as supplies from top producer Vietnam start to run out.

Published 23 Aug, 2006 12:00am

China to open more flight paths

China will open more flight paths to ease delays and cut back on congestion in the run up to the 2008 Olympics when many more people are expected to visit the country, a state newspaper said on Tuesday.

Published 23 Aug, 2006 12:00am

Sharjah Bank plans Islamic bond

Sharjah Islamic Bank, based in the United Arab Emirates, plans to offer its first sukuk issue, a type of Islamic bond, a market source said on Tuesday. HSBC is the sole bookrunner and lead manager. The source gave no details on the size of the issue but s

Published 23 Aug, 2006 12:00am

Sharjah Bank plans Islamic bond

Published 23 Aug, 2006 12:00am

US stocks fall as oil rises

US stocks fell on Monday, for the first time in six sessions, as a sharp rebound in oil prices and a disappointing outlook from Lowe's Cos. Inc, the No 2 US home improvement chain, raised fears about slower consumer spending.

Published 23 Aug, 2006 12:00am

Hong Kong shares advance

Hong Kong stocks gained 0.83 percent on Tuesday as shares in PetroChina Co Ltd and other oil companies climbed on strong crude prices, helping to recoup some of the previous session's losses following China's move to raise interest rates.

Published 23 Aug, 2006 12:00am

Singapore shares rally on bargain hunting

Singapore share prices closed 0.56 percent higher on Tuesday as investors hunted for bargains following the previous day's sharp fall on concerns over China's interest rate increase, dealers said.

Published 23 Aug, 2006 12:00am

Banks have work cut out fighting terror finance

As banks get drawn deeper into efforts to counter terrorism, the skills they have developed to trace drug traffickers and criminals are used increasingly to help authorities catch potential bomb plotters.

Published 23 Aug, 2006 12:00am

IMF chief economist to step down

International Monetary Fund chief economist Raghuram Rajan will step down at the end of the year to return to academia, the fund said on Tuesday. Rajan joined the IMF in September 2003 on leave from the University of Chicago Graduate School of Business wh

Published 23 Aug, 2006 12:00am

New Europe workforce keeps a lid on UK inflation

Political opponents have lined up to criticise the British government's open door policy for workers from eastern Europe but the influx of cheaper skilled labour is cooling wage rises and helping tame inflation.

Published 23 Aug, 2006 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	154.72
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20
France CAC40 / Jan 30	7,941.64
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Petrol/Litre / Jan 31	256.13
Crude Oil USD/Barrel / Jan 31	72.68
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,793
Diesel/Litre / Jan 31	260.95

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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