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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-10-13
Orhan Pamuk wins Nobel prize for literature

Orhan Pamuk wins Nobel prize for literature

Turkey's best-known novelist Orhan Pamuk, who faced trial this year for insulting his country, won the 2006 Nobel prize for Literature on Thursday in a decision some critics called politically charged.
Published 13 Oct, 2006 12:00am
Senior players hold the key in Inzamam's absence: Afridi

Senior players hold the key in Inzamam's absence: Afridi

Pakistani all-rounder Shahid Afridi said Thursday that the recent turmoil at home would not affect the team's campaign in the Champions Trophy tournament in India. "The team have settled down after what happened back at home and we all are eager to perfor
Published 13 Oct, 2006 12:00am
Imran slams Pakistani cricket management

Imran slams Pakistani cricket management

Former Pakistani cricket captain Imran Khan on Thursday lashed out at the team management for shabbily treating current skipper Younis Khan ahead of the Champions Trophy in India.
Published 13 Oct, 2006 12:00am
Gibbs admits match-fixing

Gibbs admits match-fixing

Indian police questioned South African batsman Herschelle Gibbs on Thursday in a six-year-old match-fixing case and said he admitted to receiving two offers to underperform in exchange for money.
Published 13 Oct, 2006 12:00am
Novelist Anita Desai 'overjoyed' at daughter's Booker win

Novelist Anita Desai 'overjoyed' at daughter's Booker win

Novelist and three-time Booker nominee Anita Desai said she was overjoyed that her daughter Kiran was awarded the Man Booker Prize for "The Inheritance of Loss", a win feted by the Indian press Thursday. "I am proud. Overjoyed," Desai told the Times of In
Published 13 Oct, 2006 12:00am
Birds and bees may be gay: museum exhibition

Birds and bees may be gay: museum exhibition

The birds and the bees may be gay, according to the world's first museum exhibition about homosexuality among animals. With documentation of gay or lesbian behaviour among giraffes, penguins, parrots, beetles, whales and dozens of other creatures, the Osl
Published 13 Oct, 2006 12:00am
Shining Path museum recalls Peru's rebel horrors

Shining Path museum recalls Peru's rebel horrors

Paintings celebrating deadly bomb attacks, photographs of beheaded children and rusting home-made grenades fill a police museum dedicated to the 31,300 people killed by Peru's ruthless Shining Path rebels.
Published 13 Oct, 2006 12:00am
Ivorian opposition leader seeks power-sharing council

Ivorian opposition leader seeks power-sharing council

One of Ivory Coast's opposition leaders called on Thursday for a power-sharing council to replace President Laurent Gbagbo until a long-delayed presidential election could be held in the divided country.
Published 13 Oct, 2006 12:00am
Attacks on energy facilities rising: Germany

Attacks on energy facilities rising: Germany

Attacks on energy facilities world-wide to hinder the delivery of gas and oil have been rising sharply, the head of Germany's foreign intelligence agency said on Thursday.
Published 13 Oct, 2006 12:00am
Nepal panel questions king over protest crackdown

Nepal panel questions king over protest crackdown

A Nepali probe panel asked King Gyanendra on Thursday what he knows about the killing of democracy activists in April as the government and Maoist rebels said they would meet this weekend to finalise a peace deal.
Published 13 Oct, 2006 12:00am
Violence against children widely accepted: UN

Violence against children widely accepted: UN

Violence against children is widely accepted as normal around the world, and at least 106 countries still allow physical punishment in schools, a UN report on the issue showed on Thursday.
Published 13 Oct, 2006 12:00am
Gunmen storm Iraqi TV station, kill 11

Gunmen storm Iraqi TV station, kill 11

Gunmen stormed a television station in Baghdad on Thursday and shot dead 11 staff in the biggest attack yet on media in Iraq. Iraqi media organisations, funded by religious or political groups, are frequent targets for militant groups as attacks by Sunni
Published 13 Oct, 2006 12:00am
French parliamentarians vote Armenia 'genocide' bill

French parliamentarians vote Armenia 'genocide' bill

France's lower house of parliament approved a bill on Thursday making it a crime to deny Armenians suffered genocide at the hands of Ottoman Turks, provoking anger in Turkey and raising fresh doubts about its EU ambitions.
Published 13 Oct, 2006 12:00am
US stocks fall on earnings

US stocks fall on earnings

US stocks fell on Wednesday after some high-profile earnings disappointments sullied the outlook for corporate profits and minutes from the Federal Reserve's latest meeting dashed hopes for an interest-rate cut any time soon.
Published 13 Oct, 2006 12:00am
Major powers fail to agree on Iran sanctions, send dossier to UN

Major powers fail to agree on Iran sanctions, send dossier to UN

The six major powers confronting Iran over its nuclear programme failed Wednesday to agree on sanctions to impose on Tehran and sent the dossier to their ambassadors at the United Nations for further talks, senior US officials said.
Published 13 Oct, 2006 12:00am
UK rapped for Lebanon omission in rights report

UK rapped for Lebanon omission in rights report

Britain faced fresh criticism of its Middle East policies on Thursday after publishing a human rights report that highlighted Hezbollah attacks on Israel but did not mention Israel's military response in Lebanon.
Published 13 Oct, 2006 12:00am
Israeli forces kills 6 Palestinians

Israeli forces kills 6 Palestinians

Israeli forces killed six Palestinians, at least three of them Hamas militants, during a Gaza Strip raid on Thursday, pressing a nearly four-month offensive launched after a soldier was abducted, witnesses said.
Published 13 Oct, 2006 12:00am
North Korea warns Japan against sanctions

North Korea warns Japan against sanctions

North Korea threatened Japan on Thursday with "strong countermeasures" if it goes ahead with tougher sanctions over Pyongyang's reported nuclear test.
Published 13 Oct, 2006 12:00am
US forces in Iraq to test IBM translation device

US forces in Iraq to test IBM translation device

The US military may soon be able to communicate better with Iraqis in their own language, thanks to technology developed by IBM that quickly translates spoken English into Iraqi Arabic.
Published 13 Oct, 2006 12:00am
US gives assurances on Indian nuclear deal

US gives assurances on Indian nuclear deal

A top US official has given assurances that the United States wants to go ahead with a key civilian nuclear deal with India, easing fears for the agreement raised by North Korea's atomic test.
Published 13 Oct, 2006 12:00am
Indian rupee extends gains

Indian rupee extends gains

The Indian rupee rose on Thursday for a second straight day, underpinned by robust inflows into a rallying stock market and lower crude oil prices which are expected to help ease the current account deficit, dealers said.
Published 13 Oct, 2006 12:00am
Sterling under pressure

Sterling under pressure

Sterling erased early gains against the dollar on Thursday, moving back towards the previous day's 2-1/2 month low, as two new Bank of England policymakers sounded a balanced note on risks to inflation and growth.
Published 13 Oct, 2006 12:00am
Dollar trims post-Fed gains

Dollar trims post-Fed gains

The dollar stepped back from this week's 2-1/2 month high against an index of currencies on Thursday, paring gains made after the publication on Wednesday of minutes from the Federal Reserve's latest policy meeting dampened expectations for an interest ra
Published 13 Oct, 2006 12:00am
Taiwan stocks dip

Taiwan stocks dip

Taiwan stocks ended down 0.32 percent on Thursday as investors shunned shares of financial and technology firms such as HTC, which reported weaker-than-expected September sales.
Published 13 Oct, 2006 12:00am
Philippines shares up

Philippines shares up

Philippines share prices closed 0.28 percent higher on Thursday on last minute bargain-hunting, in line with gains elsewhere in the region on the back of falling oil prices, dealers said. They said gains were made in Globe Telecom Inc and parent Ayala Cor
Published 13 Oct, 2006 12:00am
Hong Kong blue chips steady

Hong Kong blue chips steady

Hong Kong blue chips briefly tapped fresh six-year highs before easing to a flat close on Thursday, but China plays outperformed as investors chased mainland banking and commodity stocks.
Published 13 Oct, 2006 12:00am
Prime Bank placed on rating watch

Prime Bank placed on rating watch

The Pakistan Credit Rating Agency Limited (Pacra) has placed entity and TFC ratings of Prime Commercial Bank Limited (Entity Long-term: A+, Short-term A1, TFC: A) on Rating Watch with positive implications.
Published 13 Oct, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Oct, 2006 12:00am
Japan bank loan growth slows, BoJ stance underlined

Japan bank loan growth slows, BoJ stance underlined

Growth in bank loans slowed on an annual basis for the second straight month in September, suggesting uncertainty over the outlook and underlining the Bank of Japan's stance of raising interest rates only gradually.
Published 13 Oct, 2006 12:00am
Two kidnapped Pakistani engineers released in Kandahar

Two kidnapped Pakistani engineers released in Kandahar

The Taliban released two abducted Pakistani engineers in southern Kandahar province of Afghanistan on Thursday, a local official told Xinhua. The two engineers, who were working for a road construction company, were freed after Taliban were paid a big ran
Published 13 Oct, 2006 12:00am
Vendor injured in Peshawar blast

Vendor injured in Peshawar blast

A man was injured when a bomb exploded near a bus terminal in Peshawar here on Thursday, police said. The victim, a fruit seller, was injured when the bomb exploded in his handcart outside Daewoo bus service terminal while opening his fast police official
Published 13 Oct, 2006 12:00am
Canada's trade surplus recovers lost ground

Canada's trade surplus recovers lost ground

Canada's trade surplus widened in August, as expected, on an upturn in auto and industrial exports but that did nothing to change expectations the Bank of Canada will hold rates steady for the next several months.
Published 13 Oct, 2006 12:00am
SECP presents draft report at Shanghai EMC moot

SECP presents draft report at Shanghai EMC moot

The Securities and Exchange Commission of Pakistan (SECP) has presented the draft report containing recommendations on the capital market development and the challenges being faced by emerging markets at an international conference held in Shanghai.
Published 13 Oct, 2006 12:00am
Pakistan's foreign exchange reserves up by $28.6 million

Pakistan's foreign exchange reserves up by $28.6 million

Foreign exchange reserves increased by $28.6 million to $12,561.5 million in the week ending October 7, 2006, said the State Bank of Pakistan (SBP) on Thursday. Reserves held by the SBP rose to $10,289.4 million from $10,177.3 million a week earlier, whil
Published 13 Oct, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (October 12, 2006).

Published 13 Oct, 2006 12:00am
48,688 CBU motorcars imported in fiscal year 2006

48,688 CBU motorcars imported in fiscal year 2006

The imported Completely Built-in Units (CBU) motorcars were at 48,688 in 2005-06 against 8,880 in 2004-05, following duties/taxes incentives extended to the auto sector in budget 2005-06. The CBR data analysis on vehicles (2005-06) reveals the value of im
Published 13 Oct, 2006 12:00am
Rs 29,900 million market treasury bills sold

Rs 29,900 million market treasury bills sold

The State Bank of Pakistan (SBP) sold a total of Rs 29,900 million of Market Treasury bills on Thursday in a six-day and 21-day outright repo operation to mop up funds from the money market.
Published 13 Oct, 2006 12:00am
THE RUPEE: sharp fall versus dollar in open market

THE RUPEE: sharp fall versus dollar in open market

Rising demand by the corporate sector pushed the rupee sharply down in the open market on Thursday, losing 12 paisa for buying at 60.72 and falling seven paisa on the selling side at 60.77, dealers said. The rupee drifted lower on high demand of dollars b
Published 13 Oct, 2006 12:00am
Rs 29,900 million market treasury bills sold

Rs 29,900 million market treasury bills sold

The State Bank of Pakistan (SBP) sold a total of Rs 29,900 million of Market Treasury bills on Thursday in a six-day and 21-day outright repo operation to mop up funds from the money market.
Published 13 Oct, 2006 12:00am
THE RUPEE: sharp fall versus dollar in open market

THE RUPEE: sharp fall versus dollar in open market

Rising demand by the corporate sector pushed the rupee sharply down in the open market on Thursday, losing 12 paisa for buying at 60.72 and falling seven paisa on the selling side at 60.77, dealers said. The rupee drifted lower on high demand of dollars b
Published 13 Oct, 2006 12:00am
Rs 29,900 million market treasury bills sold

Rs 29,900 million market treasury bills sold

The State Bank of Pakistan (SBP) sold a total of Rs 29,900 million of Market Treasury bills on Thursday in a six-day and 21-day outright repo operation to mop up funds from the money market.
Published 13 Oct, 2006 12:00am
Rs 29,900 million market treasury bills sold

Rs 29,900 million market treasury bills sold

The State Bank of Pakistan (SBP) sold a total of Rs 29,900 million of Market Treasury bills on Thursday in a six-day and 21-day outright repo operation to mop up funds from the money market.
Published 13 Oct, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 12, 2006).

Published 13 Oct, 2006 12:00am
HBL disallowed to operate in India

HBL disallowed to operate in India

Reserve Bank of India (RBI) has denied permission to Habib Bank Ltd of Pakistan to operate in India. After refusal to HBL, National Bank of Pakistan-is only Pakistani bank likely to be permitted to operate in India initially.
Published 13 Oct, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 12, 2006).

Published 13 Oct, 2006 12:00am
HBL disallowed to operate in India

HBL disallowed to operate in India

Reserve Bank of India (RBI) has denied permission to Habib Bank Ltd of Pakistan to operate in India. After refusal to HBL, National Bank of Pakistan-is only Pakistani bank likely to be permitted to operate in India initially.
Published 13 Oct, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 12, 2006).

Published 13 Oct, 2006 12:00am
HBL disallowed to operate in India

HBL disallowed to operate in India

Reserve Bank of India (RBI) has denied permission to Habib Bank Ltd of Pakistan to operate in India. After refusal to HBL, National Bank of Pakistan-is only Pakistani bank likely to be permitted to operate in India initially.
Published 13 Oct, 2006 12:00am
Government directed to provide shelter to mother and daughters

Government directed to provide shelter to mother and daughters

The Supreme Court instructed the federal government to provide shelter and protection to Nadira Perveen, and her three teenage daughters who have come to Islamabad from a remote village of Umer Kot, Sindh to seek justice against the alleged cruelties of N
Published 13 Oct, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (October 12, 2006) and for Friday (October 13, 2006).
Published 13 Oct, 2006 12:00am
PPCB to be revamped on modern lines

PPCB to be revamped on modern lines

A master plan is being followed to revamp and strengthen Punjab Professional Co-operative Bank in the light of guidelines of State Bank of Pakistan with the aim to facilitate farmers in getting agri-loans.
Published 13 Oct, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (October 12, 2006).

Published 13 Oct, 2006 12:00am
PPPP rejects Musharraf contention

PPPP rejects Musharraf contention

Pakistan Peoples Party (PPP) has rejected the contention of President General Pervez Musharraf that former prime minister Benazir Bhutto will not be allowed to run in the general elections scheduled for next year.
Published 13 Oct, 2006 12:00am
Two journalists selected for Haj

Two journalists selected for Haj

Draw was held here at Peshawar Press Club for selection of two journalists for performing Haj under the Haj quota of Federal Ministry of Information and Broadcasting for newsmen. Chairman Peshawar Press Club, Syed Bukhair Shah, supervised the draw at the
Published 13 Oct, 2006 12:00am
Supreme Court orders probe into Karo Kari incident

Supreme Court orders probe into Karo Kari incident

The Supreme Court has ordered Inspector General Police Sindh to hold inquiry into an alleged incident of Karo Kari in village Lal Mashaikh within the jurisdiction of P.S. Sukkur.
Published 13 Oct, 2006 12:00am
Hearing of election petition against Prime Minister today

Hearing of election petition against Prime Minister today

The hearing of election petition against Prime Minister Shaukat Aziz, seeking his disqualification from the membership of National Assembly will resume on Friday 13th October, 2006 at Rawalpindi Bench instead of Lahore by an Election Tribunal headed by Ju
Published 13 Oct, 2006 12:00am
Unconstitutional rule made country American colony: Tarar

Unconstitutional rule made country American colony: Tarar

Former president of Pakistan Rafiq Tarar alleged that unconstitutional rule of General Pervez Musharraf has made the country an American colony. He expressed these views along with other PML-N leaders while addressing a seminar, held here on Thursday to o
Published 13 Oct, 2006 12:00am
Key stock and currency market movements

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 13 Oct, 2006 12:00am
National Assembly body seeks cut in oil prices

National Assembly body seeks cut in oil prices

A sub-committee of National Assembly Standing Committee on Petroleum and Natural Resources on Thursday expressed concern for not reviewing the oil prices despite their sharp decline in the international market.
Published 13 Oct, 2006 12:00am
New York cotton

New York cotton

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

Published 13 Oct, 2006 12:00am
25 percent cut in oil prices demanded

25 percent cut in oil prices demanded

A 25 percent cut in local oil prices will truly represent the current international prices of the commodity, a statement of The Network for Consumer Protection said on Thursday.
Published 13 Oct, 2006 12:00am
New York cotton

New York cotton

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

Published 13 Oct, 2006 12:00am
Reduction in oil prices demanded

Reduction in oil prices demanded

Labour Party Pakistan staged a demonstration outside Lahore Press Club on Thursday, on completion of seven-year tenure of President General Musharraf. The demonstration was attended by a sizeable number of Labour party workers and people belonging to work
Published 13 Oct, 2006 12:00am
The Weather

The Weather

The weather report on Thursday (October 12, 2006) and the forecast for Friday (October 13, 2006).
Published 13 Oct, 2006 12:00am
CoD seems heading towards failure!

CoD seems heading towards failure!

A charter two former exiled premiers Benazir Bhutto and Nawaz Sharif signed earlier this year to struggle hands-in-hands for the restoration of 'real democracy' by ousting President Pervez Musharraf looks to have started heading swift towards what many ha
Published 13 Oct, 2006 12:00am
'REIP schemes to be completed on priority basis'

'REIP schemes to be completed on priority basis'

Rawalpindi District Nazim Raja Javed Ikhlas has said that all the development schemes under Rs 5.142 billion Rawalpindi Environment Improvement Project (REIP) will be completed on priority basis.
Published 13 Oct, 2006 12:00am
Musharraf inaugurates Nadra kiosk project

Musharraf inaugurates Nadra kiosk project

President Musharraf said on Thursday that given the availability of Nadra's authentic database voting in the next elections would be through computerised national identity cards. He was speaking at the inauguration of "Nadra Kiosk" project, which undertak
Published 13 Oct, 2006 12:00am
Government to promote Sufism: Shujaat

Government to promote Sufism: Shujaat

President Pakistan Muslim League (PML) and Chairman National Council to Promote Sufism Chaudhry Shujaat Hussain said on Thursday that the government had taken practical steps to promote the teachings of Sufis for the guidance of new generation.
Published 13 Oct, 2006 12:00am
Train timings changed

Train timings changed

Pakistan Railway has changed the timings of 13-up, 16-Down Awam Express with effect from October 15. A railway's announcement said the train would now leave Karachi Cantt Station at 8 am instead of 9 am.
Published 13 Oct, 2006 12:00am
City government drive against profiteers fails

City government drive against profiteers fails

City government's anti-overpricing drive against the profiteers has proved a failure as retailers on Thursday continued to sell essential commodities on increased prices in the metropolis.
Published 13 Oct, 2006 12:00am
NWFP to develop archaeological sites, resorts

NWFP to develop archaeological sites, resorts

NWFP Minister for Archaeology and Museums Hussain Ahmad Kanju has pledged that the MMA government will bring economic revolution in the province by developing archaeology, museums and the tourism sectors in line with the international standard.
Published 13 Oct, 2006 12:00am
1,164 children sexually abused in six months: report

1,164 children sexually abused in six months: report

When the political wrangling over controversial Hudood laws between moderates and conservatives goes on in and out of the parliament, more than 200 innocent girls were gang raped in first half of this year.
Published 13 Oct, 2006 12:00am
Intel to set up six pilot telecentres

Intel to set up six pilot telecentres

Six pilot telecentres would be established under the Intel World Ahead initiative with the objective to provide low-cost connectivity for voice and data. This will help in easy access to e-mail for job hunting; ICT training and basic Tele-medicine, gather
Published 13 Oct, 2006 12:00am
CBR to give taxpayer profile online access to NBP

CBR to give taxpayer profile online access to NBP

The Central Board of Revenue (CBR) will give taxpayers' profiles online access to the National Bank of Pakistan (NBP) under the revenue automation project Under the arrangement between the CBR and NBP, the CBR will facilitate the NBP to download the 'mast
Published 13 Oct, 2006 12:00am
Alternate Dispute Resolution body constituted for land-related problems

Alternate Dispute Resolution body constituted for land-related problems

Punjab Governor Lieutenant General (Khalid Maqbool Retd) has on Thursday announced the formation of Alternate Dispute Resolution Committee for land-related problems in the Punjab with a hope that it would help curb the incidents of land grabbing in the pr
Published 13 Oct, 2006 12:00am
Wapda asked to ensure timely completion of projects

Wapda asked to ensure timely completion of projects

Federal Minister for Water and Power Liaqat Ali Jatoi has asked Wapda to expedite its efforts for timely completion of the projects so that the nation can start accruing the benefits as early as possible.
Published 13 Oct, 2006 12:00am
ADB approached for Fata water supply project

ADB approached for Fata water supply project

The Civil Secretariat Fata is currently holding negotiations with Asian Development Bank (ADB) for seeking financial assistance for the construction of mega Shalman Drinking Water Supply Scheme (DWSS) in Landi Kotal, Khyber Agency.
Published 13 Oct, 2006 12:00am
'Kashmiris involvement must to solve issue'

'Kashmiris involvement must to solve issue'

People's Muslim League's President Barrister Sultan Mehmood has said that Kashmiris are main party to the longstanding Kashmir issue and their inclusion was imperative for the success of dialogue process between India and Pakistan.
Published 13 Oct, 2006 12:00am
TUSDEC to launch skill mapping project in Lahore

TUSDEC to launch skill mapping project in Lahore

A pilot project to identify skilled related challenges and opportunities has been launched with an objective to identify quantitative and qualitative skill shortages being faced by the country.
Published 13 Oct, 2006 12:00am
Pakistan's HC presents credential to Kenyan President

Pakistan's HC presents credential to Kenyan President

High Commissioner designate of Pakistan Iftikhar A. Arian presented his credentials to President Mwai Kibaki of the Republic of Kenya on Thursday. He conveyed greetings and warm wishes of President Pervez Musharraf to the Kenyan President, and expressed t
Published 13 Oct, 2006 12:00am
Pakistan termed beautiful home for minorities

Pakistan termed beautiful home for minorities

Pakistan can serve as a role model for other countries of South Asian region for its track record on measures taken for the welfare and betterment of the minority communities. Punjab Minister of Minority Affairs, Joyce Rufin Julius observed this, while ta
Published 13 Oct, 2006 12:00am
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