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Print - 2006-10-10
Bonds: Scania CDS edge down

Bonds: Scania CDS edge down

The cost of insuring the debt of Swedish truckmaker Scania fell on Monday, while a US holiday tempered trading in the European credit market overall.
Published 10 Oct, 2006 12:00am
Bonds: Scania CDS edge down

Bonds: Scania CDS edge down

The cost of insuring the debt of Swedish truckmaker Scania fell on Monday, while a US holiday tempered trading in the European credit market overall.
Published 10 Oct, 2006 12:00am
Yen hits eight-month trough against dollar in London

Yen hits eight-month trough against dollar in London

North Korea's announcement that it had successfully conducted an underground nuclear test kept the yen on the back foot on Monday, even after it hit an eight-month low against the dollar.
Published 10 Oct, 2006 12:00am
Sterling hits one-week low against dollar

Sterling hits one-week low against dollar

Sterling hit a one-week low against the dollar and slipped versus the euro on Monday after data showed a surprise fall in UK September output prices. Against a forecast for a rise, output prices unexpectedly fell 0.3 percent from a month earlier.
Published 10 Oct, 2006 12:00am
Two Palestinians killed

Two Palestinians killed

Israeli artillery killed a Palestinian civilian in Gaza and troops shot dead a Palestinian who drew a knife at a checkpoint in the occupied West Bank on Monday, the army and witnesses said. The Israeli army said it attacked a person around the northern Ga
Published 10 Oct, 2006 12:00am
Qatar mediates to end Palestinian standoff

Qatar mediates to end Palestinian standoff

Qatar put forward proposals to Hamas leader Khaled Meshaal on Monday designed to end a violent standoff preventing the formation of a new Palestinian government.
Published 10 Oct, 2006 12:00am
US wants UN to allow interdiction of North Korea cargo

US wants UN to allow interdiction of North Korea cargo

The United States wants the UN Security Council to authorise international inspections of cargo going in and out of North Korea to check for weapons of mass destruction or related materials, diplomats said on Monday.
Published 10 Oct, 2006 12:00am
Senior Abbas aide warns Hamas of early elections

Senior Abbas aide warns Hamas of early elections

A senior aide to Palestinian President Mahmoud Abbas urged Hamas on Monday to agree to fresh proposals to break a deadlock over unity government talks or face early elections.
Published 10 Oct, 2006 12:00am
Indian shares flat

Indian shares flat

Indian shares ended flat on Monday after a day of choppy trading and nervousness over North Korea's nuclear weapons test, dealers said. The markets opened weak and were weighed by concerns that foreign fund flows to the region could be impacted, they said
Published 10 Oct, 2006 12:00am
Somali group declare holy war on Ethiopia

Somali group declare holy war on Ethiopia

Somalia's powerful religious group on Monday declared holy war against Horn of Africa rival Ethiopia, which they accused of invading Somalia to help the government briefly seize a town controlled by pro fighters.
Published 10 Oct, 2006 12:00am
American Phelps wins economics Nobel for inflation work

American Phelps wins economics Nobel for inflation work

American Edmund Phelps took the 2006 economics Nobel on Monday for work on the relationship between unemployment and inflation. The Royal Swedish Academy of Sciences said the Columbia University professor won for challenging the assumption in the 1960s th
Published 10 Oct, 2006 12:00am
Thai Prime Minister forms investor-friendly cabinet

Thai Prime Minister forms investor-friendly cabinet

Thailand's interim, army-appointed prime minister unveiled his new cabinet on Monday, with a respected central bank governor as finance minister in an apparent bid to reassure investors after last month's coup.
Published 10 Oct, 2006 12:00am
Denmark warns against travel, Muslims decry cartoons

Denmark warns against travel, Muslims decry cartoons

Denmark acted on Monday to calm Muslim indignation at a new series of blasphemous cartoons and advised its citizens against travelling to the Middle East as Islamic leaders condemned the drawings.
Published 10 Oct, 2006 12:00am
Military will counter any Tigers attack: president

Military will counter any Tigers attack: president

Sri Lanka's military will continue to battle the island's Tamil Tigers if provoked, President Mahinda Rajapakse said on Monday, amid fears sporadic fighting between the foes could derail peace talks due later this month.
Published 10 Oct, 2006 12:00am
Britain's identity cards plan to cost billions of pounds

Britain's identity cards plan to cost billions of pounds

Britain's plan to introduce national identity cards in the world's most ambitious biometric scheme of its kind will cost 5.4 billion pounds ($10.08 billion) over the next decade, the government announced on Monday.
Published 10 Oct, 2006 12:00am
World condemns North Korea's nuclear test

World condemns North Korea's nuclear test

The United States and China led global condemnation of North Korea Monday after the reclusive state announced it had carried out a nuclear test, slamming the move as a provocation and demanding a tough UN response.
Published 10 Oct, 2006 12:00am
Mutilated Urdu on TV

Mutilated Urdu on TV

Urdu is our national language but we are distarting it publicly through our media, whether electronic or print. They are responsible for spreading wrong pronunciations and spellings of different words.
Published 10 Oct, 2006 12:00am
Thai shares plunge

Thai shares plunge

Thai share prices closed 0.34 percent lower on Monday after North Korea conducted its first-ever nuclear test, dealers said. They said Pyongyang's nuclear test spooked investors across the region and the Thai market was also under pressure due to weaker-t
Published 10 Oct, 2006 12:00am
UK's top share index rises

UK's top share index rises

Britain's FTSE 100 index rose on Monday, outperforming other European indexes, as investors sought a safe haven in mining stocks after North Korea's nuclear test and shares in oil producers rose on supply worries.
Published 10 Oct, 2006 12:00am
New York cotton futures mixed

New York cotton futures mixed

Cotton futures ended mixed Monday in activity featuring small speculators with most players on the sidelines waiting for the release of a key government crop report later this week, brokers said.
Published 10 Oct, 2006 12:00am
London sugar rises

London sugar rises

London sugar futures closed sharply up and near a 2-1/2 week high on Monday, boosted by trade buying as the market showed signs of a recovery from a downturn that began in early July, traders said.
Published 10 Oct, 2006 12:00am
Copper, nickel down

Copper, nickel down

Nickel eased at the close after jumping to a new record peak in early trade and zinc touched a five-month high on Monday, with the markets well supported.
Published 10 Oct, 2006 12:00am
Oil rises as Opec nears deal

Oil rises as Opec nears deal

Oil rose on Monday as Opec moved closer to a deal to cut output to help support prices and after North Korea said it had conducted its first nuclear test. US crude settled up 20 cents at $59.96 a barrel, well off intraday highs of $61.30 on late profit-ta
Published 10 Oct, 2006 12:00am
European gold slips from highs

European gold slips from highs

Gold eased off an earlier high on Monday afternoon, as safe-haven buying linked to an announcement from North Korea that it had conducted its first nuclear test, dried up. However, higher oil prices underpinned the market and some analysts said gold had p
Published 10 Oct, 2006 12:00am
PPP protest camps uprooted

PPP protest camps uprooted

Pakistan People's Party (human rights wing), Punjab, president Salim-ur-Rehman has alleged that Muzaffargarh police has uprooted its protest camps in Muzaffargarh and Kot Adu, which were set up to protest against the victimisation of District Nazim Abdul
Published 10 Oct, 2006 12:00am
The crescent

The crescent

I do not understand what purpose waning crescent moon serves on advertisements in print and electronic media. If the advertisers wish to highlight the advent of the holy month of Ramazan, or later, arrival of Eid-ul-Fitr, then they are wrong.
Published 10 Oct, 2006 12:00am
Sale of islands

Sale of islands

This is with reference to the news published regarding the sale of two islands of Karachi to Gulf-based construction group, Emaar properties, without the approval of Sindh Government.
Published 10 Oct, 2006 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (October 09, 2006).

Published 10 Oct, 2006 12:00am
Bulls hold sway on ISE

Bulls hold sway on ISE

Bulls commanded the proceedings at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based gains under the lead of hot favourite amid increase in index. ISE-10 showed an inctrease of 33.50 points, as it moved from 2,723.79 to 2,757.29 poin
Published 10 Oct, 2006 12:00am
Bulls hold sway on ISE

Bulls hold sway on ISE

Bulls commanded the proceedings at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based gains under the lead of hot favourite amid increase in index. ISE-10 showed an inctrease of 33.50 points, as it moved from 2,723.79 to 2,757.29 poin
Published 10 Oct, 2006 12:00am
BMW group vehicle sales rise

BMW group vehicle sales rise

BMW, the world's largest premium carmaker, posted a 0.4 percent increase in group sales to 132,194 vehicles in September, the company said on Monday. "For the first time in the company's history, over a million automobiles were sold by the end of the thir
Published 10 Oct, 2006 12:00am
BMW group vehicle sales rise

BMW group vehicle sales rise

BMW, the world's largest premium carmaker, posted a 0.4 percent increase in group sales to 132,194 vehicles in September, the company said on Monday. "For the first time in the company's history, over a million automobiles were sold by the end of the thir
Published 10 Oct, 2006 12:00am
Pemra issues broadcast licenses

Pemra issues broadcast licenses

The Pakistan Electronic Media Regulatory Authority (Pemra) on Monday issued provisional broadcast licenses to all qualified applicants. Broadcast licenses were issued to avoid unnecessary procedural delays to safeguard them from financial and time losses.
Published 10 Oct, 2006 12:00am
Jadoon for accelerating mineral exploration

Jadoon for accelerating mineral exploration

Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon has said that application of state-of-the-art technology was must for identifying and exploring new mineral deposits in the country.
Published 10 Oct, 2006 12:00am
Mango growers demand interest-free loans

Mango growers demand interest-free loans

The mango fruit post-season scenario for year 2006 has revealed the characters of middlemen have financially shocked the growers largely due to poor agriculture marketing policies that protected the interests of middlemen who were the sole beneficiaries o
Published 10 Oct, 2006 12:00am
Punjab Assembly approves local government, other bills

Punjab Assembly approves local government, other bills

The Punjab Assembly on Monday approved the Punjab Local Government (amendment) Bill 2006, under which administrative control of colleges in Punjab has been transferred to the provincial government. During the session, Canal and Drainage (amendment) Bill 2
Published 10 Oct, 2006 12:00am
Recovery plan for quake-hit areas revised to $255 million

Recovery plan for quake-hit areas revised to $255 million

United Nations Humanitarian Co-ordinator Jan Vandemoortele has said that the early recovery plan for the earthquake-affected areas had been revised to $255 million. He was briefing media men on the Early Recovery Plan here on Monday.
Published 10 Oct, 2006 12:00am
Recovery plan for quake-hit areas revised to $255 million

Recovery plan for quake-hit areas revised to $255 million

United Nations Humanitarian Co-ordinator Jan Vandemoortele has said that the early recovery plan for the earthquake-affected areas had been revised to $255 million. He was briefing media men on the Early Recovery Plan here on Monday.
Published 10 Oct, 2006 12:00am
Nato commander arrives

Nato commander arrives

The commander of Nato troops in Afghanistan arrived here on Monday for talks on military co-operation and for a possible meeting with President Pervez Musharraf, officials said. Britain's General David Richards is visiting Islamabad amid concerns about Ta
Published 10 Oct, 2006 12:00am
Nato commander arrives

Nato commander arrives

The commander of Nato troops in Afghanistan arrived here on Monday for talks on military co-operation and for a possible meeting with President Pervez Musharraf, officials said. Britain's General David Richards is visiting Islamabad amid concerns about Ta
Published 10 Oct, 2006 12:00am
FCA to fix Rabi crops targets on October 17

FCA to fix Rabi crops targets on October 17

The Federal Committee on Agriculture (FCA) will meet on October 17 with Federal Minister for Food, Agriculture and Livestock, Sikandar Hayat Khan Bosan in the chair to fix targets for next Rabi crops.
Published 10 Oct, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Oct, 2006 12:00am
FCA to fix Rabi crops targets on October 17

FCA to fix Rabi crops targets on October 17

The Federal Committee on Agriculture (FCA) will meet on October 17 with Federal Minister for Food, Agriculture and Livestock, Sikandar Hayat Khan Bosan in the chair to fix targets for next Rabi crops.
Published 10 Oct, 2006 12:00am
FCA to fix Rabi crops targets on October 17

FCA to fix Rabi crops targets on October 17

The Federal Committee on Agriculture (FCA) will meet on October 17 with Federal Minister for Food, Agriculture and Livestock, Sikandar Hayat Khan Bosan in the chair to fix targets for next Rabi crops.
Published 10 Oct, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (October 09, 2006).

Published 10 Oct, 2006 12:00am
Senator flays EOBI investment in stock market

Senator flays EOBI investment in stock market

Pakistan Peoples' Party Parliamentarians on Monday expressed concern over Employees Old-Age Benefits Institute investing in the stock market without a sovereign guarantee on repayment of pensioners money.
Published 10 Oct, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 10 Oct, 2006 12:00am
Senator flays EOBI investment in stock market

Senator flays EOBI investment in stock market

Pakistan Peoples' Party Parliamentarians on Monday expressed concern over Employees Old-Age Benefits Institute investing in the stock market without a sovereign guarantee on repayment of pensioners money.
Published 10 Oct, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Oct, 2006 12:00am
Senator flays EOBI investment in stock market

Senator flays EOBI investment in stock market

Pakistan Peoples'' Party Parliamentarians on Monday expressed concern over Employees Old-Age Benefits Institute investing in the stock market without a sovereign guarantee on repayment of pensioners money.
Published 10 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 10 Oct, 2006 12:00am
Senator flays EOBI investment in stock market

Senator flays EOBI investment in stock market

Pakistan Peoples'''' Party Parliamentarians on Monday expressed concern over Employees Old-Age Benefits Institute investing in the stock market without a sovereign guarantee on repayment of pensioners money.
Published 10 Oct, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Oct, 2006 12:00am
Pakistan not supporting Taliban: Nato commander

Pakistan not supporting Taliban: Nato commander

Commander International Security Assistance Forces (ISAF) in Afghanistan General David Richards said on Monday that Pakistan was not involved in supporting the Taliban in Afghanistan.
Published 10 Oct, 2006 12:00am
Normalcy gradually returning to quake-hit areas: Shaukat

Normalcy gradually returning to quake-hit areas: Shaukat

As criticism of government's failure to cope with the consequences of October 8 earthquake mounts, Prime Minister Shaukat Aziz has conceded that even after full one year of the tragedy 90 percent of the affected are living in temporary housing.
Published 10 Oct, 2006 12:00am
PPPP removes PML-N misgivings over deal with government

PPPP removes PML-N misgivings over deal with government

Stung by a spate of apprehensions about its back-channel contacts with the government, a three-member Pakistan Peoples' Party Parliamentarians (PPPP) delegation met Pakistan Muslim League (PML-N) chairman Raja M. Zafarul Haq here on Monday to clarify the
Published 10 Oct, 2006 12:00am
Anti-terrorism pact with Malaysia advancing

Anti-terrorism pact with Malaysia advancing

An anti-terrorism pact between Malaysia and Pakistan is at an "advanced stage" after intensive negotiations over the past year, the Pakistan High Commission said on Monday.
Published 10 Oct, 2006 12:00am
Saarc disaster management centre's meeting

Saarc disaster management centre's meeting

The board meeting of Saarc disaster management centre (SDMC) on Monday discussed various proposals with a focus on empowering the centre to interact with international organisations, which are ready to extend their support.
Published 10 Oct, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (October 09, 2006).

Published 10 Oct, 2006 12:00am
Government's responsibility to trace missing people: CJ

Government's responsibility to trace missing people: CJ

Supreme Court Chief Justice Iftikhar Muhammad Chaudhry said that no one is above the law and it is the responsibility of the government to trace missing people. He gave these remarks during the hearing of appeals filed against the disappearance of Masood
Published 10 Oct, 2006 12:00am
Supreme Court dismisses Hashmi's petitions

Supreme Court dismisses Hashmi's petitions

Supreme Court dismissed three petitions of PML (N) leader Makhdoom Javed Hashmi, MNA against his conviction in a sedition case, bail application and in-camera trial in Adiala Jail. A two-member bench, headed by Chief Justice Iftikhar Mohammad Chaudhry hea
Published 10 Oct, 2006 12:00am
Supreme Court directs AGs to prepare data of jail inmates

Supreme Court directs AGs to prepare data of jail inmates

The Supreme Court of Pakistan has directed all the advocates general of four provinces to prepare data of all the jail inmates confined due to Diyat, Ursh and Daman and has also sent the petition filed by a member Lahore High Court Bar Association to Chie
Published 10 Oct, 2006 12:00am
THE RUPEE: dollar moves bothways

THE RUPEE: dollar moves bothways

Divergent trend was seen in the currency market on Monday, dealers said. The rupee came under pressure versus the dollar in the interbank market, losing nine paisa versus the dollar for buying at 60.63 and 60.64, respectively.
Published 10 Oct, 2006 12:00am
Advisors' appointment case put off

Advisors' appointment case put off

Lahore High Court on Monday adjourned for October 16 hearing of a petition challenging appointments of advisors and special assistants of Punjab Government.
Published 10 Oct, 2006 12:00am
THE RUPEE: dollar moves bothways

THE RUPEE: dollar moves bothways

Divergent trend was seen in the currency market on Monday, dealers said. The rupee came under pressure versus the dollar in the interbank market, losing nine paisa versus the dollar for buying at 60.63 and 60.64, respectively.
Published 10 Oct, 2006 12:00am
LHC issues notices

LHC issues notices

The Lahore High Court (LHC) has issued notices to chief settlement commissioner in a petition filed by an aged person Said Ali of occupied Kashmir praying to the court to direct the respondent to dispose of his about 50 years old matter in accordance with
Published 10 Oct, 2006 12:00am
Fountain House termed a model institute

Fountain House termed a model institute

"Fountain House should be taken as a model institute in the field of mental health as I find it a unique example of serving humanity". This was stated by Dr Jhunu Shamsun Nahar, mental health professional from Bangladesh at a farewell reception held in he
Published 10 Oct, 2006 12:00am
Abducted dispenser recovered

Abducted dispenser recovered

The political administration with the co-operation of a local Jirga has recovered the abducted dispenser Fazal Mabood. According to political administration sources, Fazal Mabood was kidnapped for ransom by Sagi tribal from Lovi Sam area some one month ba
Published 10 Oct, 2006 12:00am