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Print - 2006-10-05
Pakistan's quake generation learning under canvas

Pakistan's quake generation learning under canvas

She cannot avoid thinking about what happened the day the earthquake struck, but 13-year-old Saadia has a mental routine for starting each school day. Open the door, turn right, and don't look back at the weeds growing on the nearby wasteland where her ol
Published 05 Oct, 2006 12:00am
Soomro grieved

Soomro grieved

Senate Chairman Mohammadmian Soomro on Wednesday expressed his profound shock and grief over the sad demise of Parliamentary Secretary, Finance, Punjab, Zahoor Daha, who was severely injured in a road accident in Okara and died at Lahore General Hospital
Published 05 Oct, 2006 12:00am
US MIDDAY: gold tumbles

US MIDDAY: gold tumbles

Gold futures fell 2.5 percent on Wednesday on selling by hedge funds and a reallocation from commodities into a record breaking stock market rally. Traders braced for a further decline and precious metals remained on the ropes even when crude oil prices r
Published 05 Oct, 2006 12:00am
US MIDDAY: copper ends down

US MIDDAY: copper ends down

Copper futures in New York ended down over 2 percent on Wednesday, in sympathy with steep declines in the energy and precious metals markets, sources said.
Published 05 Oct, 2006 12:00am
US MIDDAY: soybeans weak

US MIDDAY: soybeans weak

The Chicago Board of Trade soybean market was weak early Wednesday but range-bound as prices consolidate after trending lower this week, traders said. November soybeans were down 1/4 cent at $5.42-1/4 per bushel by 10:25 am CDT (1525 GMT). The back months
Published 05 Oct, 2006 12:00am
US MIDDAY: corn mixed

US MIDDAY: corn mixed

Corn futures at the Chicago Board of Trade were narrowly mixed early on Wednesday in consolidation trading with a solid rally in wheat providing some spillover support, traders said. But traders also said that falling outside markets like gold and crude o
Published 05 Oct, 2006 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Wheat futures at the Chicago Board of Trade were higher at midmorning on Wednesday as news of US wheat sales to Egypt and Iraq sparked speculative buying, traders said.
Published 05 Oct, 2006 12:00am
US MIDDAY: sugar finishes firmer

US MIDDAY: sugar finishes firmer

Raw sugar prices settled higher Wednesday on trade buying and speculative short-covering to reverse a run of sizeable losses, but the longer-term trend for prices points to lower levels, brokers said.
Published 05 Oct, 2006 12:00am
US MIDDAY: cocoa ends a touch lower

US MIDDAY: cocoa ends a touch lower

US cocoa futures ended down but off their lows on Wednesday as the market extended a sell-off from the previous session, which was tempered with trade buying before the close.
Published 05 Oct, 2006 12:00am
US MIDDAY: coffee futures lower

US MIDDAY: coffee futures lower

Arabica coffee futures were called to fall about 0.50 cent at the open on Wednesday, based on small declines in the London market, exchange floor sources said.
Published 05 Oct, 2006 12:00am
Gold and platinum plummet as inflation fears ease

Gold and platinum plummet as inflation fears ease

Gold tumbled to a three-month low and platinum fell to its lowest level in more than five months on Wednesday as fears of rising inflation eased, traders said. Weaker oil prices and a firmer dollar prompted many investors to abandon trading positions, the
Published 05 Oct, 2006 12:00am
Base metals steady

Base metals steady

Copper prices were steady in London on Wednesday after falling sharply on Tuesday and conditions were likely to become choppier ahead of a major industry gathering in London next week, dealers said.
Published 05 Oct, 2006 12:00am
London sugar ends higher

London sugar ends higher

London white sugar futures closed higher on Wednesday, boosted by a late advance in New York raws, dealers said. December settled up $7.50 at $375.00 a tonne, near the top of the day's range of $377.80 to $363.00. Total volume was a light 5,209 lots.
Published 05 Oct, 2006 12:00am
New York cotton up on late speculative buying

New York cotton up on late speculative buying

Cotton futures closed higher Wednesday on a late flurry of speculative buying, though most players were waiting for solid leads to inspire the next move, brokers said. The New York Board of Trade's December cotton contract was last done at 50 cents per lb
Published 05 Oct, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (October 04, 2006) and for Thursday (October 05, 2006).
Published 05 Oct, 2006 12:00am
Phutti arrivals less than last year: PCGA

Phutti arrivals less than last year: PCGA

About 1.1 million bales of cotton seed have arrived in the ginning factories of Punjab and Sindh provinces till October 1, showing a decrease of 170,290 bales against the corresponding period of last year.
Published 05 Oct, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (October 04, 2006).

Published 05 Oct, 2006 12:00am
Phutti arrivals less than last year: PCGA

Phutti arrivals less than last year: PCGA

About 1.1 million bales of cotton seed have arrived in the ginning factories of Punjab and Sindh provinces till October 1, showing a decrease of 170,290 bales against the corresponding period of last year.
Published 05 Oct, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (October 04, 2006).

Published 05 Oct, 2006 12:00am
KSE-100 index gains 150.83 points

KSE-100 index gains 150.83 points

The news of some oil and gas reserves discovery and a positive response on GDRs of OGDCL in international market triggered a rally on the stock market on Wednesday, as a result of which the benchmark KSE-100 index sailed through the 10700 level.
Published 05 Oct, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (October 04, 2006).

Published 05 Oct, 2006 12:00am
KSE-100 index gains 150.83 points

KSE-100 index gains 150.83 points

The news of some oil and gas reserves discovery and a positive response on GDRs of OGDCL in international market triggered a rally on the stock market on Wednesday, as a result of which the benchmark KSE-100 index sailed through the 10700 level.
Published 05 Oct, 2006 12:00am
KSE-100 index gains 150.83 points

KSE-100 index gains 150.83 points

The news of some oil and gas reserves discovery and a positive response on GDRs of OGDCL in international market triggered a rally on the stock market on Wednesday, as a result of which the benchmark KSE-100 index sailed through the 10700 level.
Published 05 Oct, 2006 12:00am
BRIndex30 gains 83.62 points

BRIndex30 gains 83.62 points

The BRIndex30 opened at 11,325.41 on Wednesday, with a negative gap of 87.18 points and closed at 11,496.21, with a positive change of 83.62 points, or 0.73 percent. It saw intra-day high of 11,496.70 and low of 11,324.10.
Published 05 Oct, 2006 12:00am
BRIndex30 gains 83.62 points

BRIndex30 gains 83.62 points

The BRIndex30 opened at 11,325.41 on Wednesday, with a negative gap of 87.18 points and closed at 11,496.21, with a positive change of 83.62 points, or 0.73 percent. It saw intra-day high of 11,496.70 and low of 11,324.10.
Published 05 Oct, 2006 12:00am
TI ranks India as most corrupt country

TI ranks India as most corrupt country

Overseas bribery by companies from the world's export giants is still common, and according to Transparency International 2006 Bribery Payers Index (BPI) survey, India has ranked the most corrupt country in the world.
Published 05 Oct, 2006 12:00am
TI ranks India as most corrupt country

TI ranks India as most corrupt country

Overseas bribery by companies from the world's export giants is still common, and according to Transparency International 2006 Bribery Payers Index (BPI) survey, India has ranked the most corrupt country in the world.
Published 05 Oct, 2006 12:00am
TI ranks India as most corrupt country

TI ranks India as most corrupt country

Overseas bribery by companies from the world''s export giants is still common, and according to Transparency International 2006 Bribery Payers Index (BPI) survey, India has ranked the most corrupt country in the world.
Published 05 Oct, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Oct, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (October 04, 2006).

Published 05 Oct, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 05 Oct, 2006 12:00am
Vast scope for investment in telecom sector: Musharraf

Vast scope for investment in telecom sector: Musharraf

President General Pervez Musharraf said Pakistan has a booming market for telecom industry and there is great scope for investment in this field. He was talking to a delegation of Telenor Mobile Company led by its President and CEO Jon Fredrik Baksaas who
Published 05 Oct, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Oct, 2006 12:00am
Vast scope for investment in telecom sector: Musharraf

Vast scope for investment in telecom sector: Musharraf

President General Pervez Musharraf said Pakistan has a booming market for telecom industry and there is great scope for investment in this field. He was talking to a delegation of Telenor Mobile Company led by its President and CEO Jon Fredrik Baksaas who
Published 05 Oct, 2006 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 05 Oct, 2006 12:00am
Vast scope for investment in telecom sector: Musharraf

Vast scope for investment in telecom sector: Musharraf

President General Pervez Musharraf said Pakistan has a booming market for telecom industry and there is great scope for investment in this field. He was talking to a delegation of Telenor Mobile Company led by its President and CEO Jon Fredrik Baksaas who
Published 05 Oct, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Oct, 2006 12:00am
LSE index up 100.48 points

LSE index up 100.48 points

Led by major banks and key petroleum scrips, the local share market moved up on Wednesday, mainly on account of late buying, enabling the index to gain 100 points, amid trimming in volume of transactions.
Published 05 Oct, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (October 04, 2006).

Published 05 Oct, 2006 12:00am
LSE index up 100.48 points

LSE index up 100.48 points

Led by major banks and key petroleum scrips, the local share market moved up on Wednesday, mainly on account of late buying, enabling the index to gain 100 points, amid trimming in volume of transactions.
Published 05 Oct, 2006 12:00am
ISE witnesses broad-based recovery

ISE witnesses broad-based recovery

Equities witnessed broad-based recovery at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings amid increase in index. ISE Ten index was plus by 64.67 points, as the index moved from 2,613.33 to 2,678.00 points.
Published 05 Oct, 2006 12:00am
ISE witnesses broad-based recovery

ISE witnesses broad-based recovery

Equities witnessed broad-based recovery at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings amid increase in index. ISE Ten index was plus by 64.67 points, as the index moved from 2,613.33 to 2,678.00 points.
Published 05 Oct, 2006 12:00am
Ageing equipment, disorder haunt Russia air control

Ageing equipment, disorder haunt Russia air control

Antique equipment, administrative mess and discord among civilian and military services threaten flight safety, Russia's chief air traffic controller said on Tuesday presenting a plan to reform the ailing sector.
Published 05 Oct, 2006 12:00am
UK opposition leader warns of tough fight for power

UK opposition leader warns of tough fight for power

The leader of Britain's opposition Conservatives set his new, centrist stamp on the party on Wednesday but said it would take hard work to end nine years of rule by Tony Blair's Labour Party.
Published 05 Oct, 2006 12:00am
Financial anomalies in CIIT detected

Financial anomalies in CIIT detected

The Auditor General of Pakistan has pointed out financial irregularities by the management of Comsats Institute of Information Technology (CIIT). The audit report points out that the CIIT management is under the administrative control of the Higher Educat
Published 05 Oct, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (October 04, 2006).

Published 05 Oct, 2006 12:00am
Financial anomalies in CIIT detected

Financial anomalies in CIIT detected

The Auditor General of Pakistan has pointed out financial irregularities by the management of Comsats Institute of Information Technology (CIIT). The audit report points out that the CIIT management is under the administrative control of the Higher Educat
Published 05 Oct, 2006 12:00am
Financial anomalies in CIIT detected

Financial anomalies in CIIT detected

The Auditor General of Pakistan has pointed out financial irregularities by the management of Comsats Institute of Information Technology (CIIT). The audit report points out that the CIIT management is under the administrative control of the Higher Educat
Published 05 Oct, 2006 12:00am
Singapore re-emerges as lead investor at SCRAs

Singapore re-emerges as lead investor at SCRAs

Singapore re-emerged as lead investor as non-residents' Special Convertible Rupee Accounts (SCRAs) rose by over $63 million in one day to $171 million on October 3. Singapore alone brought in over $50 million on October 3, its balances under SCRAs rising
Published 05 Oct, 2006 12:00am
THE RUPEE: minor changes in currency values

THE RUPEE: minor changes in currency values

The rupee surrendered its overnight gains in the open market on Wednesday as it shed three paisa versus the dollar for buying and selling at 60.58 and 60.63, dealers said.
Published 05 Oct, 2006 12:00am
Singapore re-emerges as lead investor at SCRAs

Singapore re-emerges as lead investor at SCRAs

Singapore re-emerged as lead investor as non-residents' Special Convertible Rupee Accounts (SCRAs) rose by over $63 million in one day to $171 million on October 3. Singapore alone brought in over $50 million on October 3, its balances under SCRAs rising
Published 05 Oct, 2006 12:00am
THE RUPEE: minor changes in currency values

THE RUPEE: minor changes in currency values

The rupee surrendered its overnight gains in the open market on Wednesday as it shed three paisa versus the dollar for buying and selling at 60.58 and 60.63, dealers said.
Published 05 Oct, 2006 12:00am
Singapore re-emerges as lead investor at SCRAs

Singapore re-emerges as lead investor at SCRAs

Singapore re-emerged as lead investor as non-residents'' Special Convertible Rupee Accounts (SCRAs) rose by over $63 million in one day to $171 million on October 3. Singapore alone brought in over $50 million on October 3, its balances under SCRAs rising
Published 05 Oct, 2006 12:00am
New Rs 100, 500 currency notes

New Rs 100, 500 currency notes

State Bank of Pakistan (SBP) will introduce new currency notes in the denominations of 100 and 500 in the forthcoming month. Talking to private TV channel, States Bank's spokesman, Waseemuddin said that the central bank, in accordance with the government'
Published 05 Oct, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 04, 2006).

Published 05 Oct, 2006 12:00am
Indian Prime Minister tells Pakistan to prove itself on terror

Indian Prime Minister tells Pakistan to prove itself on terror

Pakistan has to prove it is sincere about working with India to counter terrorism, Prime Minister Manmohan Singh said after police accused Islamabad of plotting blasts that killed 186 people in Mumbai. "Pakistan will have to walk the talk," to back up its
Published 05 Oct, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 04, 2006).

Published 05 Oct, 2006 12:00am
Indian Prime Minister tells Pakistan to prove itself on terror

Indian Prime Minister tells Pakistan to prove itself on terror

Pakistan has to prove it is sincere about working with India to counter terrorism, Prime Minister Manmohan Singh said after police accused Islamabad of plotting blasts that killed 186 people in Mumbai. "Pakistan will have to walk the talk," to back up its
Published 05 Oct, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 04, 2006).

Published 05 Oct, 2006 12:00am
Population and housing data of Punjab UCs

Population and housing data of Punjab UCs

Population Census Organisation, Ministry of Economic Affairs and Statistics Division has prepared a data on some important population and housing characteristics of union councils Punjab to meet the requirement of the Local Government Departments as well
Published 05 Oct, 2006 12:00am
Four pesticide inspectors suspended

Four pesticide inspectors suspended

Punjab Agriculture Minister, Arshad Khan Lodhi has ordered the suspension of four pesticide inspectors of extension and pest warning wing for failing to take immediate action against an Egyptian company involved in preparation of spurious and expired pest
Published 05 Oct, 2006 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (October 04, 2006).

Published 05 Oct, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 05, 2006

Published 05 Oct, 2006 12:00am
Cotton differential payment: PCGA team to meet TCP chief on October 6

Cotton differential payment: PCGA team to meet TCP chief on October 6

A Pakistan Cotton Ginners Association (PCGA) delegation, led by its chairman, Suhail Harral, will meet Trading Corporation of Pakistan (TCP) chief on October 6, to sort out outstanding payments of differential on 45,000 bales cotton sold two years back.
Published 05 Oct, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 05, 2006

Published 05 Oct, 2006 12:00am
Cotton differential payment: PCGA team to meet TCP chief on October 6

Cotton differential payment: PCGA team to meet TCP chief on October 6

A Pakistan Cotton Ginners Association (PCGA) delegation, led by its chairman, Suhail Harral, will meet Trading Corporation of Pakistan (TCP) chief on October 6, to sort out outstanding payments of differential on 45,000 bales cotton sold two years back.
Published 05 Oct, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 05, 2006

Published 05 Oct, 2006 12:00am
Cotton differential payment: PCGA team to meet TCP chief on October 6

Cotton differential payment: PCGA team to meet TCP chief on October 6

A Pakistan Cotton Ginners Association (PCGA) delegation, led by its chairman, Suhail Harral, will meet Trading Corporation of Pakistan (TCP) chief on October 6, to sort out outstanding payments of differential on 45,000 bales cotton sold two years back.
Published 05 Oct, 2006 12:00am
New tariffs for payphone industry welcomed

New tariffs for payphone industry welcomed

Association of Payphone Operators (APO) has welcomed the new tariffs for payphone industry, recently introduced by Pakistan Telecommunication Company Ltd (PTCL) after comprehensive mutual consultation.
Published 05 Oct, 2006 12:00am
CBR urged to ease sales tax refund procedure

CBR urged to ease sales tax refund procedure

Pakistan Textile Exporters Association (PTEA) Chairman, Mian Zahid Aslam has demanded that refund of sales tax on packing material, dyes and inputs of made-ups, should be made at the time of duty drawback payment to save the time, energy and expenses of e
Published 05 Oct, 2006 12:00am
CBR urged to ease sales tax refund procedure

CBR urged to ease sales tax refund procedure

Pakistan Textile Exporters Association (PTEA) Chairman, Mian Zahid Aslam has demanded that refund of sales tax on packing material, dyes and inputs of made-ups, should be made at the time of duty drawback payment to save the time, energy and expenses of e
Published 05 Oct, 2006 12:00am
UNFP center for women patients

UNFP center for women patients

The United Nations Fund for Population (UNFP) has introduced 24-hour service for women facing gynecology problems in Muzaffargarh. The center would provide free medical assistance and medicines to women of this remote area.
Published 05 Oct, 2006 12:00am
IGP orders removal of incompetent SHOs

IGP orders removal of incompetent SHOs

The Inspector General of Police Sindh, Jehangir Mirza, has directed the DIG (Operations) to remove the incompetent Station House Officers (SHOs). Presiding over a meeting at CPO, Karachi, the IGP discussed in detail 'the one-point agenda' to curb street c
Published 05 Oct, 2006 12:00am
Three car lifters arrested

Three car lifters arrested

Anti Car Lifting Cell (ACLC) here on Wednesday nabbed three car lifters from Gulshan-e-Iqbal and recovered five stolen cars and 11 CNG kits along with cylinders from their possession. ACLC Gulshan Town lodged a case against them and further probe was in p
Published 05 Oct, 2006 12:00am
Eight cops booked for torture killing

Eight cops booked for torture killing

Punjab Additional Advocate General Khadim Hussain Qaiser informed the Supreme Court on Wednesday that eight police officials who have been found guilty of torture killing of one Nazir Ahmad in the judicial enquiry have been arrested u/s 302 PPC read with
Published 05 Oct, 2006 12:00am