News Archives for Print - 2006-08-30

Boeing to buy $20 million in new shares in South Korean firm

US aerospace giant Boeing Co will buy 19.2 billion won ($19.96 million) worth of new shares in South Korean communication equipment maker Huneed Technologies, Huneed said on Monday.

Published 30 Aug, 2006 12:00am

Quake-hit areas: 5,000 pre-fabricated housing units to be delivered

The biggest consignment of 5,000 pre-fabricated housing units would be delivered to the destitute in Muzaffarabad within a next fortnight. Prime Minister of Azad Kashmir Sardar Atiq Ahmad on Tuesday told PTV that the houses have been prepared with the hel

Published 30 Aug, 2006 12:00am

Trade gives partial picture of French firms' health

France's trade deficit is often highlighted as the economy's weak point but it may not tell the full story of how well its companies are doing abroad. For an increasing number of French firms are looking to foreign direct investment rather than exports to

Published 30 Aug, 2006 12:00am

PPAF disburses Rs 2 billion in quake-affected areas

The Pakistan Poverty Alleviation Fund (PPAF) has to date disbursed two billion rupees in earthquake-affected areas of Northwest Frontier Province and Azad Jammu and Kashmir, according to a news statement issued here Tuesday.

Published 30 Aug, 2006 12:00am

SpiralFrog, Universal in free music download deal

SpiralFrog, a new music download service, on Tuesday said it would make Vivendi's Universal Music Group's catalog available for free legal downloading in the United States and Canada.

Published 30 Aug, 2006 12:00am

ISE index up 76.65 points

Bulls strengthened their positions at the Islamabad Stock Exchange (ISE) where equities showed healthy signs under the lead of hot favourite amid increase in index. ISE-10 index was plus by 76.65 points, as it moved from 2,519.17 to 2,595.82 shares. The o

Published 30 Aug, 2006 12:00am

Viacom's MTV buys out partner in Japan venture

US media conglomerate Viacom's music broadcasting unit MTV Networks said on Tuesday it has agreed to buy all the shares it does not already own in MTV Japan from private equity firm H&Q Asia Pacific.

Published 30 Aug, 2006 12:00am

ISE index up 76.65 points

Bulls strengthened their positions at the Islamabad Stock Exchange (ISE) where equities showed healthy signs under the lead of hot favourite amid increase in index. ISE-10 index was plus by 76.65 points, as it moved from 2,519.17 to 2,595.82 shares. The o

Published 30 Aug, 2006 12:00am

Revamped AOL unveils Web-based music store

AOL on Tuesday unveiled a revamped music product with a Web-based store and subscription service offering audio and video streaming, programmed radio and downloads that can be transferred to compatible digital media players.

Published 30 Aug, 2006 12:00am

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) where equities remained under pressure and registered losses amid decreased volume on account of profit taking, however, institutional support helped improve market index.

Published 30 Aug, 2006 12:00am

Spaniards would be poorer without migrants: bank

Spain's per capita income would have shrunk in the last decade had it not been for the arrival of an unprecedented number of immigrants, one of Spain's main savings banks said on Monday.

Published 30 Aug, 2006 12:00am

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) where equities remained under pressure and registered losses amid decreased volume on account of profit taking, however, institutional support helped improve market index.

Published 30 Aug, 2006 12:00am

Bank of India, Japan's Dai Ichi in insurance joint venture

State-run Bank of India said on Monday it would form a joint venture with Japan's Dai Ichi Mutual Life Insurance Co, joining many others vying for India's fast growing but underserved life insurance market.

Published 30 Aug, 2006 12:00am

US calls for calm after rioting in Balochistan

The United States called on Monday for a peaceful resolution of tensions in Balochistan after riots erupted over the military's killing of a prominent rebel chief, Nawab Akbar Bugti, in the restive area.

Published 30 Aug, 2006 12:00am

New York Times buys Baseline for $35 million

The New York Times Co on Monday said it has bought film and television database and research service Baseline StudioSystems from Hollywood Media Corp for $35 million in cash.

Published 30 Aug, 2006 12:00am

PSO sell-off put on back burner

The Privatisation Commission has put Pakistan State Oil (PSO) and other major entities'' sell-off process on the back burner, at least for the first half of the current fiscal year. Sources in Privatisation Commission told Business Recorder on Tues

Published 30 Aug, 2006 12:00am

Saudi prince to buy Bangladesh bank for $330 million

Saudi Arabian Prince Bandar Bin Mohammad Bin Abdul Rahman al Saud is to buy Bangladesh's state-run Rupali Bank Ltd for $330 million, more than three times the size of the next highest bid, a senior government official said on Monday.

Published 30 Aug, 2006 12:00am

PSO sell-off put on back burner

The Privatisation Commission has put Pakistan State Oil (PSO) and other major entities' sell-off process on the back burner, at least for the first half of the current fiscal year. Sources in Privatisation Commission told Business Recorder on Tuesd

Published 30 Aug, 2006 12:00am

Dow Jones evaluates options for community papers

Dow Jones & Co and Journal Register Co separately said on Monday that each planned to explore the sale of some local newspapers, reflecting the shake-up underway in the publishing industry.

Published 30 Aug, 2006 12:00am

PSO sell-off put on back burner

The Privatisation Commission has put Pakistan State Oil (PSO) and other major entities' sell-off process on the back burner, at least for the first half of the current fiscal year. Sources in Privatisation Commission told Business Recorder on Tuesd

Published 30 Aug, 2006 12:00am

London voted world's best city for public transport

It will be news for most Londoners accustomed to being packed on underground trains or facing long waits for buses, but the British capital has been voted the best city in the world for public transport.

Published 30 Aug, 2006 12:00am

Indus in medium flood at Kotri

The flood forecasting division, the river Indus was in medium flood at Kotri and was steady. According to the report, the inflows and outflows of the river Indus at Tarbela were 203,400 cusecs each. The inflows and outflows of the river Kabul at Nowshera

Published 30 Aug, 2006 12:00am

IIJ plans new file sharing video-music technology

Web access provider Internet Initiative Japan Inc said it is developing a new video and music distribution technology that lets users share files over the Internet more efficiently than older applications.

Published 30 Aug, 2006 12:00am

Indus in medium flood at Kotri

The flood forecasting division, the river Indus was in medium flood at Kotri and was steady. According to the report, the inflows and outflows of the river Indus at Tarbela were 203,400 cusecs each. The inflows and outflows of the river Kabul at Nowshera

Published 30 Aug, 2006 12:00am

Lottomatica completes $4.7 billion take-over of GTech

Italy's Lottomatica said on Tuesday it had completed the purchase of US peer GTech in a $4.7 billion deal to create the world's biggest lottery operator after receiving the go-ahead from several US states. The purchase creates a group operating in 50 coun

Published 30 Aug, 2006 12:00am

Indus in medium flood at Kotri

The flood forecasting division, the river Indus was in medium flood at Kotri and was steady. According to the report, the inflows and outflows of the river Indus at Tarbela were 203,400 cusecs each. The inflows and outflows of the river Kabul at Nowshera

Published 30 Aug, 2006 12:00am

China Eastern Airlines' first half loss widens

China Eastern Airlines Ltd, one of the country's biggest three airlines, sank deeper into the red in the first half of this year, the company reported on Monday, hit by surging fuel costs.

Published 30 Aug, 2006 12:00am

BRIndex30 scores another 3.93 points

The BRIndex30 opened at 10,207.61 on Tuesday, with a negative gap of 43.23 points. It closed at 10,254.77, with a positive change of 3.93 points, or 0.04 percent. It saw intra-day high of 10,316.02 and low of 10,079.74.

Published 30 Aug, 2006 12:00am

China Eastern Airlines' first half loss widens

China Eastern Airlines Ltd, one of the country's biggest three airlines, sank deeper into the red in the first half of this year, the company reported on Monday, hit by surging fuel costs.

Published 30 Aug, 2006 12:00am

BRIndex30 scores another 3.93 points

The BRIndex30 opened at 10,207.61 on Tuesday, with a negative gap of 43.23 points. It closed at 10,254.77, with a positive change of 3.93 points, or 0.04 percent. It saw intra-day high of 10,316.02 and low of 10,079.74.

Published 30 Aug, 2006 12:00am

Chartered, partners to make advanced chips end-2007

Singapore's Chartered, South Korea's Samsung Electronics and IBM of the United States expect to begin commercial production of next-generation 45-nanometre electronic chips by end of 2007, the companies said in a joint release on Tuesday.

Published 30 Aug, 2006 12:00am

KSE gains 67 points

Volatility in share prices dominated the proceedings at Karachi Stock Exchange (KSE) on Tuesday where investors exercised cautious approach ahead of vote of no-confidence and turbulence in Balochistan province.

Published 30 Aug, 2006 12:00am

Russia's VTB buys into aerospace firm EADS

Russian state bank Vneshtorgbank has accumulated a 5 percent stake in European aerospace firm EADS, a Russian business daily reported, helping lift shares in the Airbus planemaker on prospects of new opportunities in Russia.

Published 30 Aug, 2006 12:00am

KSE gains 67 points

Volatility in share prices dominated the proceedings at Karachi Stock Exchange (KSE) on Tuesday where investors exercised cautious approach ahead of vote of no-confidence and turbulence in Balochistan province.

Published 30 Aug, 2006 12:00am

Singapore's factory output falls slightly

Singapore's factory output fell less than expected in July as a decline in the precision engineering and general manufacturing industries was partially offset by gains in the electronics and transport sectors.

Published 30 Aug, 2006 12:00am

KSE gains 67 points

Volatility in share prices dominated the proceedings at Karachi Stock Exchange (KSE) on Tuesday where investors exercised cautious approach ahead of vote of no-confidence and turbulence in Balochistan province.

Published 30 Aug, 2006 12:00am

Sinopec second quarter up; sees more China price hikes

Sinopec Corp, Asia's top oil refiner, unveiled a better-than-expected 21 percent jump in quarterly earnings thanks to higher prices for fuel and crude oil, and expects Beijing to hike fuel rates again in coming months.

Published 30 Aug, 2006 12:00am

Musharraf asks Chinese to invest in high-tech, energy sectors

President Pervez Musharraf on Tuesday invited Chinese investors to invest in the high-tech, heavy industry and energy sector. The President was talking to a high-level Chinese delegation led by Liu Yunshan, Member of the Politburo of the Communist Party o

Published 30 Aug, 2006 12:00am

Sinopec second quarter up; sees more China price hikes

Sinopec Corp, Asia's top oil refiner, unveiled a better-than-expected 21 percent jump in quarterly earnings thanks to higher prices for fuel and crude oil, and expects Beijing to hike fuel rates again in coming months.

Published 30 Aug, 2006 12:00am

Musharraf asks Chinese to invest in high-tech, energy sectors

President Pervez Musharraf on Tuesday invited Chinese investors to invest in the high-tech, heavy industry and energy sector. The President was talking to a high-level Chinese delegation led by Liu Yunshan, Member of the Politburo of the Communist Party o

Published 30 Aug, 2006 12:00am

Malaysia to spend $2.7 billion on public transport

Malaysia's state infrastructure firm plans to spend 10 billion ringgit ($2.7 billion) to expand rail and bus networks in Kuala Lumpur and its surrounding areas, the government said on Tuesday.

Published 30 Aug, 2006 12:00am

Musharraf asks Chinese to invest in high-tech, energy sectors

President Pervez Musharraf on Tuesday invited Chinese investors to invest in the high-tech, heavy industry and energy sector. The President was talking to a high-level Chinese delegation led by Liu Yunshan, Member of the Politburo of the Communist Party o

Published 30 Aug, 2006 12:00am

Economy seen helping Italy soften budget blow

Italian Prime Minister Romano Prodi's coalition government might be able to make fewer unpopular spending cuts and still meet EU budget demands thanks to greater economic growth and tax collection.

Published 30 Aug, 2006 12:00am

KESC to be given Rs 744 million subsidy

The government has decided to extend Rs 744 million subsidy to Karachi Electric Supply Corporation (KSEC) to offset the impact of 38 paisa (15+23) increase in tariff, allowed by National Electric Power Regulatory Authority (Nepra) a few months ago.

Published 30 Aug, 2006 12:00am

German budget situation still 'very serious': finance minister

The state of Germany's public finances remains "very serious", despite the recent progress the government has made in reining in the public deficit, German Finance Minister Peer Steinbrueck said Tuesday.

Published 30 Aug, 2006 12:00am

KESC to be given Rs 744 million subsidy

The government has decided to extend Rs 744 million subsidy to Karachi Electric Supply Corporation (KSEC) to offset the impact of 38 paisa (15+23) increase in tariff, allowed by National Electric Power Regulatory Authority (Nepra) a few months ago.

Published 30 Aug, 2006 12:00am

Chad leader wants majority stake in oil output

Chad must have a 60 percent stake in its oil output after receiving only "crumbs" from a foreign consortium running the industry, President Idriss Deby said on Tuesday.

Published 30 Aug, 2006 12:00am

KESC to be given Rs 744 million subsidy

The government has decided to extend Rs 744 million subsidy to Karachi Electric Supply Corporation (KSEC) to offset the impact of 38 paisa (15+23) increase in tariff, allowed by National Electric Power Regulatory Authority (Nepra) a few months ago.

Published 30 Aug, 2006 12:00am

United Business Media plans debut euro bond

Britain's United Business Media Plc plans to sell at least 500 million euros ($641 million) of bonds with a maturity of about five years, in its debut euro bond sale, a company official said on Tuesday.

Published 30 Aug, 2006 12:00am

Export goods inputs exempted from withholding tax

The Central Board of Revenue (CBR) has exempted from withholding tax the inputs, temporarily imported, for manufacture of export goods by manufacturers-cum-exporters under ''''''''Temporary Importation Scheme''''''''.

Published 30 Aug, 2006 12:00am

United Business Media plans debut euro bond

Britain's United Business Media Plc plans to sell at least 500 million euros ($641 million) of bonds with a maturity of about five years, in its debut euro bond sale, a company official said on Tuesday.

Published 30 Aug, 2006 12:00am

Export goods inputs exempted from withholding tax

The Central Board of Revenue (CBR) has exempted from withholding tax the inputs, temporarily imported, for manufacture of export goods by manufacturers-cum-exporters under ''''Temporary Importation Scheme''''.

Published 30 Aug, 2006 12:00am

Yahoo rolls out more comprehensive property site

Yahoo Inc is upgrading its real estate site with a range of new features including current US home valuations and aerial neighbourhood views, the Internet media leader said on Tuesday.

Published 30 Aug, 2006 12:00am

Export goods inputs exempted from withholding tax

The Central Board of Revenue (CBR) has exempted from withholding tax the inputs, temporarily imported, for manufacture of export goods by manufacturers-cum-exporters under ''Temporary Importation Scheme''.

Published 30 Aug, 2006 12:00am

Indian state aims to break Microsoft dominance, provide Linux

India's communist-run Kerala state said Tuesday it aimed to break US software giant Microsoft's dominance in schools, two weeks after rattling investors by banning Coke and Pepsi sales.

Published 30 Aug, 2006 12:00am

Export goods inputs exempted from withholding tax

The Central Board of Revenue (CBR) has exempted from withholding tax the inputs, temporarily imported, for manufacture of export goods by manufacturers-cum-exporters under 'Temporary Importation Scheme'.

Published 30 Aug, 2006 12:00am

CDO market takes off in Asia

Asia is poised for a boom in business in collateralised debt obligations (CDOs) - portfolios of debt and derivatives - as innovative new products entice investors and as banks seek to manage their balance sheets.

Published 30 Aug, 2006 12:00am

Export goods inputs exempted from withholding tax

The Central Board of Revenue (CBR) has exempted from withholding tax the inputs, temporarily imported, for manufacture of export goods by manufacturers-cum-exporters under 'Temporary Importation Scheme'.

Published 30 Aug, 2006 12:00am

CDO market takes off in Asia

Asia is poised for a boom in business in collateralised debt obligations (CDOs) - portfolios of debt and derivatives - as innovative new products entice investors and as banks seek to manage their balance sheets.

Published 30 Aug, 2006 12:00am

Annan arrives in Israel

UN Secretary General Kofi Annan arrived in Israel Tuesday on the second leg of a major Middle East tour aimed at shoring up a fragile truce between the Jewish state and Hezbollah in Lebanon.

Published 30 Aug, 2006 12:00am

China Life plans up to $2.67 billion Shanghai listing

China Life Insurance Co the country's top life insurer, is planning a Shanghai stock listing worth up to US $2.67 billion as Beijing encourages leading firms to sell shares at home. China Life said on Tuesday it would issue up to 1.5 billion A-shares, and

Published 30 Aug, 2006 12:00am

Israeli troops kill five Palestinians

Israeli troops killed five Palestinians and wounded a dozen in attacks on militants in the Gaza Strip and the West Bank on Tuesday, medics and witnesses said.

Published 30 Aug, 2006 12:00am

China Life plans up to $2.67 billion Shanghai listing

China Life Insurance Co the country's top life insurer, is planning a Shanghai stock listing worth up to US $2.67 billion as Beijing encourages leading firms to sell shares at home. China Life said on Tuesday it would issue up to 1.5 billion A-shares, and

Published 30 Aug, 2006 12:00am

4-5 days needed to recover bodies: ISPR chief

Inter-Services Public Relations (ISPR) director-general Major-General Shaukat Sultan on Tuesday said four to five days would be required to recover bodies from the rubbles of the cave in Kohlu area.

Published 30 Aug, 2006 12:00am

US official urges China to stick to reform path

The United States is worried that a potential rise in economic nationalism in China could undercut Beijing's promises to the World Trade Organisation, the top US trade official said on Tuesday.

Published 30 Aug, 2006 12:00am

Victory for democracy

Prime Minister Shaukat Aziz on Tuesday rejected as baseless 500-page draft allegations the opposition levelled against him to support the no-trust motion and termed its failure as a victory for the democracy and truth.

Published 30 Aug, 2006 12:00am

Bayer unveils agrochem revamp

German drugs and chemicals group Bayer unveiled a revamp at its agrochemicals unit after healthcare earnings boosted quarterly profit, but its stock fell on worries over its take-over of Schering.

Published 30 Aug, 2006 12:00am

Victory for democracy

Prime Minister Shaukat Aziz on Tuesday rejected as baseless 500-page draft allegations the opposition levelled against him to support the no-trust motion and termed its failure as a victory for the democracy and truth.

Published 30 Aug, 2006 12:00am

SK Telecom to jointly develop China's 3G standard

SK Telecom Co, South Korea's top mobile phone operator, has agreed with China to jointly develop a third-generation mobile standard in the world's largest mobile market by subscribers, SK said on Tuesday.

Published 30 Aug, 2006 12:00am

Shaukat survives no-trust

The opposition on Tuesday failed in the National Assembly to oust Prime Minister Shaukat Aziz, as only 136 votes could be polled in favour of its no-confidence motion whereas it required 172 votes for the move to succeed.

Published 30 Aug, 2006 12:00am

EU warns car makers over CO2 emissions cuts

European and Asian auto makers must do more to meet voluntary targets to reduce carbon dioxide (CO2) emissions from new cars or face possible legislative action, the European Union's executive arm said on Tuesday.

Published 30 Aug, 2006 12:00am

Shaukat survives no-trust

The opposition on Tuesday failed in the National Assembly to oust Prime Minister Shaukat Aziz, as only 136 votes could be polled in favour of its no-confidence motion whereas it required 172 votes for the move to succeed.

Published 30 Aug, 2006 12:00am

E.ON, Gazprom extend major gas supply contracts

German utility E.ON said on Tuesday it has signed contracts with Gazprom in Moscow for the delivery of about 400 billion cubic metres of gas up to 2036 to safeguard long-term European gas supplies.

Published 30 Aug, 2006 12:00am

Pakistan warned against low priority to agriculture sector

The United Nations on Tuesday warned Pakistan that its low priority to agriculture sector would not only make the country a net importer of food products but also undermine the chances for human development and poverty reduction.

Published 30 Aug, 2006 12:00am

EADS to invest $2.57 billion in India

European aerospace and defence group EADS said on Tuesday it would invest up to 2 billion euros ($2.57 billion) over the next 15 years in India in production and research and development facilities. India, Asia's fourth largest economy, is already a hub f

Published 30 Aug, 2006 12:00am

Pakistan warned against low priority to agriculture sector

The United Nations on Tuesday warned Pakistan that its low priority to agriculture sector would not only make the country a net importer of food products but also undermine the chances for human development and poverty reduction.

Published 30 Aug, 2006 12:00am

Japan jobless rate falls, spending shrinks

Japan's jobless rate fell in July and firms sought more workers, a sign that domestic demand remains firm, although household spending fell for the seventh straight month on cool, wet weather, data showed on Tuesday.

Published 30 Aug, 2006 12:00am

Pakistan warned against low priority to agriculture sector

The United Nations on Tuesday warned Pakistan that its low priority to agriculture sector would not only make the country a net importer of food products but also undermine the chances for human development and poverty reduction.

Published 30 Aug, 2006 12:00am

EU drops reinforced shoe anti-dumping probe

The European Commission said on Tuesday it had dropped an anti-dumping investigation into imports of reinforced shoes made in China and India after European producers withdrew their complaint.

Published 30 Aug, 2006 12:00am

70,000 tons gram will be imported before Ramazan

Private sector firms have opened Letters of Credit (LCs) for 70,000 tons black gram to be imported from Tanzania, Australia and Ethiopia, official sources told Business Recorder here on Tuesday.

Published 30 Aug, 2006 12:00am

World trade deal must be IMF priority: Brown

British finance minister Gordon Brown says a global trade deal must top the IMF's agenda as the world economy faces an uncertain autumn. Writing in Tuesday's Financial Times newspaper, Brown who heads the International Monetary Fund's main policy-steering

Published 30 Aug, 2006 12:00am

70,000 tons gram will be imported before Ramazan

Private sector firms have opened Letters of Credit (LCs) for 70,000 tons black gram to be imported from Tanzania, Australia and Ethiopia, official sources told Business Recorder here on Tuesday.

Published 30 Aug, 2006 12:00am

Job woes knock US consumer confidence to nine-month low

A measure of US consumer confidence slid to a nine-month low in August as worries about job growth and the economy overshadowed a pause by the Federal Reserve in raising interest rates, a survey showed on Tuesday.

Published 30 Aug, 2006 12:00am

70,000 tons gram will be imported before Ramazan

Private sector firms have opened Letters of Credit (LCs) for 70,000 tons black gram to be imported from Tanzania, Australia and Ethiopia, official sources told Business Recorder here on Tuesday.

Published 30 Aug, 2006 12:00am

Airbus superjumbo test flight aborted, lands safely

Airbus aborted a test flight of the A380 superjumbo from France to Tunisia on Tuesday after a sensor indicated a possible problem with the doors enclosing the main landing gear, the planemaker said.

Published 30 Aug, 2006 12:00am

July exports down 19.45 percent

Exports in July 2006 recorded a fall of 3.85 percent to $1.269 billion over July 2005 and dipped by 19.45 percent to $1.220 billion compared with $1.515 billion in June 2006. According to the provisional figures released by the Federal Bureau of Statistic

Published 30 Aug, 2006 12:00am

Thousands hit by UK rail strike

Thousands of rail passengers faced a chaotic return to work on Tuesday as a strike crippled some of London's busiest commuter lines. South West Trains warned people not to travel on its network after hundreds of drivers walked out in a growing row between

Published 30 Aug, 2006 12:00am

July exports down 19.45 percent

Exports in July 2006 recorded a fall of 3.85 percent to $1.269 billion over July 2005 and dipped by 19.45 percent to $1.220 billion compared with $1.515 billion in June 2006. According to the provisional figures released by the Federal Bureau of Statistic

Published 30 Aug, 2006 12:00am

Commerzbank takes stake in Russian retail bank

Commerzbank is taking a stake and may later buy control of one of Russia's biggest banks, Promsvyazbank, the German lender said on Tuesday. The move gives the Frankfurt-based group its first foothold in the Russian retail banking market and comes after it

Published 30 Aug, 2006 12:00am

July exports down 19.45 percent

Exports in July 2006 recorded a fall of 3.85 percent to $1.269 billion over July 2005 and dipped by 19.45 percent to $1.220 billion compared with $1.515 billion in June 2006. According to the provisional figures released by the Federal Bureau of Statistic

Published 30 Aug, 2006 12:00am

South Korea sees GDP growth slowing in 2007

South Korea forecast on Monday that economic growth would slow by about half a percentage point next year and that the outlook for key exports was weak in the second half of this year.

Published 30 Aug, 2006 12:00am

Bombs, riots rock Balochistan as Bugti's funeral prayers held

Balochistan witnessed on Tuesday its worst violence since the weekend killing of Nawab Akbar Bugti as mobs set buildings ablaze and four people died in a large bomb blast as thousands attended the rebel leader's funeral prayers.

Published 30 Aug, 2006 12:00am

Aer Lingus sets end September date for $1.3 billion float

Irish state airline Aer Lingus and the Irish government confirmed plans on Monday to list the airline on the Irish and London stock exchanges at the end of next month. Analysts expect the flotation to value the airline at up to 1 billion euros ($1.3 billi

Published 30 Aug, 2006 12:00am

Bombs, riots rock Balochistan as Bugti's funeral prayers held

Balochistan witnessed on Tuesday its worst violence since the weekend killing of Nawab Akbar Bugti as mobs set buildings ablaze and four people died in a large bomb blast as thousands attended the rebel leader's funeral prayers.

Published 30 Aug, 2006 12:00am

Aer Lingus sets end September date for $1.3 billion float

Irish state airline Aer Lingus and the Irish government confirmed plans on Monday to list the airline on the Irish and London stock exchanges at the end of next month. Analysts expect the flotation to value the airline at up to 1 billion euros ($1.3 billi

Published 30 Aug, 2006 12:00am

Currency	Rate
USD PKR Interbank Selling / Oct 11	277.73
USD PKR Interbank Buying / Oct 11	277.53
USD to Japanese Yen / Oct 11	148.67
USD to Swiss Franc / Oct 11	0.86
Pound Sterling to USD / Oct 11	1.30
Euro to USD / Oct 11	1.09

Stock	Volume
S&P 500 / Oct 10	5,780.05
Nasdaq / Oct 10	18,282.05
Dow Jones / Oct 10	42,454.12
India Sensex / Oct 11	81,423.22
Tokyo Nikkei / Oct 11	39,628.27
Hang Seng / Oct 11	21,251.98
FTSE 100 / Oct 11	8,230.11
Germany DAX 30 / Oct 11	19,187.20

Item	Value
Gold 10 Grams PKR / Oct 10	233,028.70
Crude Oil USD/Barrel / Oct 11	75.67
Karachi Cotton PKR/37.32 KG / Oct 11	17,985
Gold Spot USD/Ounce / Oct 11	2,644.73
Cotton US¢/pound / Oct 11	72.61
Petrol/Litre / Oct 12	247.03

Stock	Price
786 Invest Ltd / Oct 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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