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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-10-19
Philippines shares higher

Philippines shares higher

Philippines share prices closed 0.12 percent higher Wednesday as last-minute bargain-hunting pushed the market out of negative territory where it loitered for most of the session amid a lack of fresh leads, dealers said.
Published 19 Oct, 2006 12:00am
Hong Kong shares at 6-1/2-year high

Hong Kong shares at 6-1/2-year high

Hong Kong stocks rose 0.18 percent to a fresh 6-1/2-year closing high on Wednesday, lifted by gains in market heavyweight China Mobile, while H-shares ended at their highest level in nine years.
Published 19 Oct, 2006 12:00am
US stocks fall as Intel, data raise concerns

US stocks fall as Intel, data raise concerns

The US stocks fell on Tuesday after economic data renewed concerns about growth and inflation, while a broker downgrade of Intel Corp ahead of its earnings, compelled investors to pull back after a rally that pushed the Dow through several record highs.
Published 19 Oct, 2006 12:00am
Seoul shares up

Seoul shares up

Seoul shares edged up on Wednesday, rebounding from earlier falls of as much as 1 percent, as investors switched to domestically focused firms and avoided exporters due to worries about slowing growth in the US economy.
Published 19 Oct, 2006 12:00am
US Treasuries little changed

US Treasuries little changed

US Treasury debt prices were little changed on Tuesday but only after surprisingly strong housing data wiped out most earlier gains and injected caution into the market before key releases on Wednesday.
Published 19 Oct, 2006 12:00am
US Treasuries little changed

US Treasuries little changed

US Treasury debt prices were little changed on Tuesday but only after surprisingly strong housing data wiped out most earlier gains and injected caution into the market before key releases on Wednesday.
Published 19 Oct, 2006 12:00am
Singapore shares higher

Singapore shares higher

Singapore share prices closed 0.18 percent higher Wednesday but with the broad market under pressure as players consolidated after recent gains, dealers said. They said declines on Wall Street triggered early selling but late bargain-hunting in some blue
Published 19 Oct, 2006 12:00am
Taiwan stocks decline

Taiwan stocks decline

Taiwan stocks fell 0.81 percent on Wednesday with big tech exporters like hurt by weakness on Wall Street and amid concerns that an ongoing banking investigation could crimp reform. The main TAIEX share index ended down 57.53 points at 7,017.60.
Published 19 Oct, 2006 12:00am
Chinese shares higher

Chinese shares higher

Chinese shares ended Wednesday up 1.32 percent, their first rise this week, as optimism grew that the market could absorb Industrial and Commercial Bank of China's massive initial public offer.
Published 19 Oct, 2006 12:00am
Nikkei higher as Softbank advances

Nikkei higher as Softbank advances

The Nikkei average reversed losses to close 0.25 percent higher on Wednesday as Softbank Corp advanced, helped by improved sentiment among individual investors, and Toshiba Corp rose on a better earnings outlook.
Published 19 Oct, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 67.00/67.90 (previous 67.00/67.60). Call Money Rates: 6.40-10.00 percent (previous 6.40-10.00 percent).
Published 19 Oct, 2006 12:00am
Yuan ends flat versus dollar

Yuan ends flat versus dollar

The yuan closed almost unchanged against the dollar on Wednesday after trading in a narrow range as the market awaited a correction to pave the way for a new round of faster yuan appreciation.
Published 19 Oct, 2006 12:00am
Yen climbs on report BoJ looking

Yen climbs on report BoJ looking

The yen rose on Wednesday after a newspaper reported that the Bank of Japan plans to increase its monitoring of carry trades, which have helped push the Japanese currency to 10-month lows against the dollar.
Published 19 Oct, 2006 12:00am
Dollar falls as data leave Fed outlook intact

Dollar falls as data leave Fed outlook intact

The dollar gave back some of the previous two week's gains on Tuesday after mixed economic data did little to clarify the direction of US interest rates.
Published 19 Oct, 2006 12:00am
Swiss franc up versus dollar

Swiss franc up versus dollar

The Swiss franc continued to rise against the dollar in early trade on Wednesday ahead of key US inflation data that might shed light on future interest rate policy in the world's biggest economy.
Published 19 Oct, 2006 12:00am
Asian currencies firm with yen

Asian currencies firm with yen

Most Asian currencies held firm on Wednesday, supported by a rise in the yen after reports the Bank of Japan plans to increase its monitoring of carry trade.
Published 19 Oct, 2006 12:00am
Hong Kong dollar rangebound

Hong Kong dollar rangebound

The Hong Kong dollar gave up some recent gains on Wednesday amid interest rate arbitrage and some corporate demand for the US currency. The domestic currency fell to as low as 7.7853 to the US dollar before pulling back to 7.7843/45. On Tuesday, it ended
Published 19 Oct, 2006 12:00am
Vliegen upsets Blake in Madrid

Vliegen upsets Blake in Madrid

Belgian Kristof Vliegen won a third-set tie break to upset eighth-seeded American James Blake 6-4 3-6 7-6 in the second round of the Madrid Masters on Wednesday. Blake has won five titles this year and came into the tie having won back-to-back tournaments
Published 19 Oct, 2006 12:00am
Inzamam backs decision to recall Shoaib and Asif

Inzamam backs decision to recall Shoaib and Asif

Pakistan captain Inzamam-ul-Haq has backed the decision to recall fast bowlers Shoaib Akhtar and Mohammad Asif from the Champions Trophy after they tested positive for a banned steroid.
Published 19 Oct, 2006 12:00am
PCB had warned players about drugs: Shaharyar

PCB had warned players about drugs: Shaharyar

Former Pakistan Cricket Board (PCB) chairman Shaharyar Khan has blamed poor education among players for Shoaib Akhtar and Mohammad Asif failing drugs tests. Shoaib and Asif were recalled from the Champions Trophy in India on Monday after becoming the firs
Published 19 Oct, 2006 12:00am
South Africa bill for 2010 World Cup soars to $1.5 billion

South Africa bill for 2010 World Cup soars to $1.5 billion

South Africa's projected bill for hosting the 2010 World Cup has ballooned to more than 12 billion rand ($1.59 billion). Figures released by the organising committee on Wednesday put the cost of stadiums at 8.3 billion rand ($1.1 billion), transport at 3.
Published 19 Oct, 2006 12:00am
Team comes before captaincy, says Younis

Team comes before captaincy, says Younis

Stand-in Pakistan skipper Younis Khan says he is not interested in captaincy, but only wants to see his team keep defying odds in the ongoing Champions Trophy. "I am not interested in captaincy," Younis said after leading his doping-hit side to a remarkab
Published 19 Oct, 2006 12:00am
Taylor's hat-trick stuns Australia

Taylor's hat-trick stuns Australia

Paceman Jerome Taylor snatched a hat-trick as the West Indies upset favourites Australia by 10 runs in a dramatic Champions Trophy match here on Wednesday. Australia, chasing a West Indian total of 236-6 under lights at the Brabourne stadium, lost five wi
Published 19 Oct, 2006 12:00am
Three die in road mishaps

Three die in road mishaps

Three people were killed and six others injured in different road accidents in suburbs of Multan on Wednesday. In the first accident, a car collided with a trailer on Sahiwal-Arifwala Road near chak 120/9-L killing Nasir Khokhar on the spot and injuring Q
Published 19 Oct, 2006 12:00am
Pemra awards first-ever Seraiki satellite TV licence

Pemra awards first-ever Seraiki satellite TV licence

Pakistan Electronic Media Regulatory Authority (Pemra) on Wednesday awarded satellite TV licence to Rohi Entertainment Company (Pvt) Limited to set up the first-ever international Seraiki information and entertainment TV channel.
Published 19 Oct, 2006 12:00am
'Japan for developing remote areas of Pakistan'

'Japan for developing remote areas of Pakistan'

The Government of Japan is keen to invest in the development of social sectors especially in education and health fields in remote and backward areas of Pakistan. The Japanese envoy to Pakistan, Seiji Kojima said this during his meeting with the Federal M
Published 19 Oct, 2006 12:00am
Kasuri assures full cooperation to Moon

Kasuri assures full cooperation to Moon

Foreign Minister Khurshid M. Kasuri has telephoned South Korean Foreign Minister Ban Ki-Moon in New York to congratulate him on his election as the new Secretary General of the United Nations.
Published 19 Oct, 2006 12:00am
SHC issues status quo in Lakhra power lease, claims PPP MNA

SHC issues status quo in Lakhra power lease, claims PPP MNA

Sindh High Court Hyderabad Circuit Bench issued status quo here on Wednesday against lease of Lakhra Power Plant (LPP) at Lakhra on Indus Highway in Jamshoro district. A PPP MNA and senior advocate of Supreme Court stated this while addressing a news conf
Published 19 Oct, 2006 12:00am
Gilani issued US visa

Gilani issued US visa

US Embassy has issued visa to former speaker of the National Assembly and PPP Vice Chairman, Syed Yousaf Raza Gilani, it was informed him on telephone on Wednesday. Now his name is no more in an exit control list. He would soon leave for United States alo
Published 19 Oct, 2006 12:00am
Customs officials suspended in fraud case, Supreme Court told

Customs officials suspended in fraud case, Supreme Court told

The Central Board of Revenue (CBR) has suspended 10 officials of the Customs Department, including eight appraisers, for alleged involvement in an export rebate fraud case, the Supreme Court was informed on Wednesday.
Published 19 Oct, 2006 12:00am
Government urged to set up 'Allama Iqbal Cyber City' in Sialkot

Government urged to set up 'Allama Iqbal Cyber City' in Sialkot

Keeping in view the "Success story" of Sialkot, the government should announce the setting up of "Allama Iqbal cyber city" in Sialkot, the birthplace of great philosopher and poet Allama Muhammad Iqbal, in the acknowledgement of the services and contribut
Published 19 Oct, 2006 12:00am
Rustam-e-Punjab Dangal on November 29

Rustam-e-Punjab Dangal on November 29

Punjab Wrestling Association (PWA) will be organising Rustam-e-Punjab Dangal here on November 29 at the newly constructed wrestling stadium at Iqbal Park sports complex. The Dangal will be organised in five weight categories including 50-kilogram, 61-kg,
Published 19 Oct, 2006 12:00am
Eid shopping at its peak

Eid shopping at its peak

Eid shopping activities are at its peak in every nook and corner of the city and cantonment areas and great rush has been witnessed on shopping centres and commercial markets.
Published 19 Oct, 2006 12:00am
Consumer body rejects proposed DRA

Consumer body rejects proposed DRA

The 'Network for Consumer Protection' has rejected the proposal to constitute 'Drug Regulatory Authority' (DRA) for surveillance over sale, manufacturing and registration of spurious and substandard medicines in the country, saying that this would further
Published 19 Oct, 2006 12:00am
'Surgical industry capable of earning $300 million annually'

'Surgical industry capable of earning $300 million annually'

Surgical Instrument Manufacturers Association of Pakistan (Simap) Chairman, Aamir Riaz Bhinder has said the surgical industry is capable to earn at least 300 million dollars annually within three years time but it needs extra-ordinary attention of concern
Published 19 Oct, 2006 12:00am
Violent clashes mar Peron burial in Argentina

Violent clashes mar Peron burial in Argentina

Rival Argentine union groups battling with sticks and bottles on Tuesday marred a ceremony to bury former President Juan Peron for the third time since his death in 1974.
Published 19 Oct, 2006 12:00am
Iran cuts Internet speeds to homes and cafes

Iran cuts Internet speeds to homes and cafes

Iran's internet service providers (ISPs) have started reducing the speed of Internet access to homes and cafes based on new government-imposed limits, a move critics said appeared to be part of a clampdown on the media.
Published 19 Oct, 2006 12:00am
Tigers suicide raid on navy base kills 16

Tigers suicide raid on navy base kills 16

Fifteen Tamil Tiger rebels were killed on Wednesday when they attacked a naval base in southern Sri Lanka, triggering brief looting of minority Tamil shops in the area and dealing a fresh blow to a battered peace process.
Published 19 Oct, 2006 12:00am
India reports 107 dengue deaths

India reports 107 dengue deaths

The number of deaths in India from an outbreak of dengue fever reached 107 on Wednesday, as authorities struggled to contain the mosquito-borne virus.
Published 19 Oct, 2006 12:00am
Russia hikes fines for illegal immigrants

Russia hikes fines for illegal immigrants

Russia's parliament approved amendments on Wednesday that increase fines for employers that hire foreigners without proper immigration and work permits.
Published 19 Oct, 2006 12:00am
Iran and North Korea plan threats to world peace: Germany

Iran and North Korea plan threats to world peace: Germany

The nuclear programmes of Iran and North Korea pose the two greatest threats to world peace and could spark a nuclear arms race among their neighbours, Germany's foreign minister said on Wednesday.
Published 19 Oct, 2006 12:00am
Russia calls on North Korea to avoid 'confrontation'

Russia calls on North Korea to avoid 'confrontation'

Russia's foreign ministry called Wednesday on North Korea to take a "rational decision" that would avoid the "road to nuclear confrontation" following the country's announcement of an atomic weapon test, Interfax news agency reported.
Published 19 Oct, 2006 12:00am
Norway rejects Nato calls for reinforcements

Norway rejects Nato calls for reinforcements

Norway's centre-left government said on Wednesday it would not send special forces to Afghanistan, rejecting Nato calls for reinforcements to southern Afghan regions where foreign soldiers face growing resistance.
Published 19 Oct, 2006 12:00am
Israeli troops push into Gaza; four Palestinians killed

Israeli troops push into Gaza; four Palestinians killed

Israeli troops killed four Palestinians in the Gaza Strip and widened a four-month-old offensive on Wednesday by sending tanks to take up positions around the Rafah border crossing with Egypt, residents said.
Published 19 Oct, 2006 12:00am
Erdogan locked up in car

Erdogan locked up in car

Turkey on Wednesday questioned the competence of high-level security staff after an unconscious Prime Minister Recep Tayyip Erdogan, rushed to hospital for low blood sugar, was accidentally locked in his car for about 10 minutes.
Published 19 Oct, 2006 12:00am
Blair rebuffs criticism on Iraq and Afghanistan

Blair rebuffs criticism on Iraq and Afghanistan

Prime Minister Tony Blair insisted Wednesday that British troops will stay in Iraq as long as necessary, as he battled to face down new criticism over his strategy in both Iraq and Afghanistan.
Published 19 Oct, 2006 12:00am
Sterling holds near peaks

Sterling holds near peaks

Sterling held near 3-week highs versus the euro on Wednesday, as news that two new Bank of England interest rate setters voted to tighten monetary policy this month was balanced by slower earnings growth.
Published 19 Oct, 2006 12:00am
Dollar steadies versus majors

Dollar steadies versus majors

The dollar steadied against major currencies on Wednesday ahead of US inflation data, a key marker for investors trying to puzzle out whether the Federal Reserve is likely to cut interest rates any time soon.
Published 19 Oct, 2006 12:00am
Indian rupee retreats

Indian rupee retreats

The Indian rupee backed off a five-month high of 45.20 per dollar on Wednesday and ended down as traders were forced to buy dollars back following heavy dollar purchases by state-run banks and importers.
Published 19 Oct, 2006 12:00am
Wednesday's unofficial close: Dow Jones tops 12,000

Wednesday's unofficial close: Dow Jones tops 12,000

The blue chip Dow Jones industrial average on Wednesday sailed past 12,000 for the first time in its 110-year history and the S&P 500 hit its highest in nearly six years as US stocks rallied on strong profits from bellwethers such as IBM.
Published 19 Oct, 2006 12:00am
Credit indices at record tights

Credit indices at record tights

The Series 6 iTraxx credit derivative indices hit record tights in Europe on Wednesday, after consumer price data sparked hopes that the US economy might not be slowing as rapidly as thought.
Published 19 Oct, 2006 12:00am
Credit indices at record tights

Credit indices at record tights

The Series 6 iTraxx credit derivative indices hit record tights in Europe on Wednesday, after consumer price data sparked hopes that the US economy might not be slowing as rapidly as thought.
Published 19 Oct, 2006 12:00am
Indian shares stay lower

Indian shares stay lower

Indian share prices lost ground for a second day Wednesday, closing down 0.20 percent in choppy trade as investors booked profits following a strong rally, dealers said. They said the benchmark Sensex was facing resistance close to the key 13,000-point le
Published 19 Oct, 2006 12:00am
Malaysian shares down

Malaysian shares down

Malaysian share prices closed slightly lower Wednesday in thin trade as investors continued to stay on the sidelines ahead of a long holiday break, dealers said. They said sentiment on the local bourse was expected to improve next month following the long
Published 19 Oct, 2006 12:00am
UK's top share index rises

UK's top share index rises

Britain's FTSE 100 index rose 0.7 percent on Wednesday as British Energy, banks and miners led a partial recovery from Tuesday's biggest one-day fall in 17 sessions.
Published 19 Oct, 2006 12:00am
Ivorian cocoa farmers suspend strike

Ivorian cocoa farmers suspend strike

Ivory Coast cocoa farmers on Wednesday suspended a three-day-old strike, saying they would give the government a week to satisfy their demands for higher prices for their beans, strike leaders said.
Published 19 Oct, 2006 12:00am
EU tightens quality rules for maize intervention

EU tightens quality rules for maize intervention

The European Commission has tightened quality rules for storing intervention maize, despite strong criticisms from several landlocked countries that they will be excluded, Commission officials said on Wednesday.
Published 19 Oct, 2006 12:00am
Oil tumbles 2 percent on US crude stock build

Oil tumbles 2 percent on US crude stock build

Oil fell more than 2 percent to near fresh 2006 lows on Wednesday as swelling US crude inventories offset a likely cut in production by exporter cartel Opec. US light crude for November settled down $1.28 at $57.65, the lowest settlement since $57.59 on O
Published 19 Oct, 2006 12:00am
Dubai tea trade surges

Dubai tea trade surges

Dubai's fledgling tea trading centre nearly doubled volume in the six months to September compared with the same period last year, reflecting growing Middle East demand, its director said on Wednesday. The Middle East was the world's third largest consume
Published 19 Oct, 2006 12:00am
New York cotton futures plummet

New York cotton futures plummet

Cotton futures finished sharply lower Wednesday as another round of speculative sales hammered the market, and the weak tone meant fibre contracts could slip further this week, brokers said. The New York Board of Trade's December cotton contract slumped 0
Published 19 Oct, 2006 12:00am
London sugar plunges

London sugar plunges

London white sugar futures finished sharply lower on Wednesday, weakened by producer selling and widespread profit-taking after the market's strong recent advance, dealers said. December closed down $18.40 or 4.4 percent at $403.60 a tonne after trading i
Published 19 Oct, 2006 12:00am
Copper, zinc and aluminium stay higher

Copper, zinc and aluminium stay higher

Copper, zinc and aluminium prices closed firm in London on Wednesday, while tin, lead and nickel slid after their early-week rally. "The markets are still looking very good, but it was too much too quickly, so we have seen some fund liquidation," a London
Published 19 Oct, 2006 12:00am
Gold off two-week high

Gold off two-week high

Gold moved narrowly on Wednesday, partially recouping losses from the previous day when investors sold as prices failed again to break $600 an ounce. Traders said bullion would look mainly to oil and to a lesser extent the dollar for near-term direction,
Published 19 Oct, 2006 12:00am
US MIDDAY: cocoa lower

US MIDDAY: cocoa lower

US cocoa ended down nearly 2 percent Wednesday as speculative sellers re-entered the market towards the close to level a rally on since the previous day.
Published 19 Oct, 2006 12:00am
US MIDDAY: sugar falls

US MIDDAY: sugar falls

Raw sugar prices crumbled from combined speculative profit-taking and producer sales to finish sharply lower Wednesday, abruptly ending Tuesday's surge to a 2-month high, with brokers saying the market was looking at further losses this week.
Published 19 Oct, 2006 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

Wheat futures at the Chicago Board of Trade fell sharply early Wednesday in a profit-taking setback from this week's contract and 10-year highs, traders said.
Published 19 Oct, 2006 12:00am
US MIDDAY: corn drops

US MIDDAY: corn drops

Corn futures at the Chicago Board of Trade fell early on Wednesday because the market was technically overbought and due for a downward correction a day after prices surged to two-year highs, traders said.
Published 19 Oct, 2006 12:00am
US MIDDAY: copper up a shade

US MIDDAY: copper up a shade

Copper futures in New York staged a slight recovery from early weakness on Wednesday after a government report showed the pace of home building unexpectedly strengthened in September, sources said.
Published 19 Oct, 2006 12:00am
US MIDDAY: soya consolidates

US MIDDAY: soya consolidates

The Chicago Board of Trade soyabean market was consolidating and choppy early on Wednesday after hitting a three-month top on Tuesday, traders said.
Published 19 Oct, 2006 12:00am
US MIDDAY: gold firms

US MIDDAY: gold firms

Gold futures recovered in early trade on Wednesday, but tame US consumer inflation data and surprisingly strong housing starts data restrained prices from retesting Tuesday's two-week high above $600 an ounce.
Published 19 Oct, 2006 12:00am
First ever Corporate Social Responsibility Award for Pakistan

First ever Corporate Social Responsibility Award for Pakistan

Asian Institute of Management Philippines-Centre for Corporate Social Responsibility awarded the first ever award to Engro Chemical Pakistan Limited in the "Concern for Health" category for its Telemedicine intervention called "Project Hope".
Published 19 Oct, 2006 12:00am
Cleanliness planned for Eid

Cleanliness planned for Eid

City District Nazim Faisal Mukhtar has directed sanitary and solid waste management staff to ensure cleanliness on the Eid days. Addressing a meeting here on Tuesday, he directed the concerned officers to cancel leaves of sanitary and SWM staff with a vie
Published 19 Oct, 2006 12:00am
Strategy for next polls: political dissidents to be invited to join MQM

Strategy for next polls: political dissidents to be invited to join MQM

In a bid to establish Muttahida Qaumi Movement (MQM) as a national political party, the top brass of the party have decided to establish contacts with dissident politicians across the county and invite them to join it following the forthcoming general ele
Published 19 Oct, 2006 12:00am
'Elections sans Benazir unacceptable'

'Elections sans Benazir unacceptable'

PPPP Vice Chairman Syed Yousaf Raza Gilani said nobody could stop party chairperson Benazir Bhutto from returning home. Talking to newsmen at his residence on Wednesday, he said she would be in Pakistan soon after the announcement of schedule for the next
Published 19 Oct, 2006 12:00am
PPP demands cut in POL prices

PPP demands cut in POL prices

The Pakistan People's Party has demanded of the government to reduce prices of petroleum products forthwith as the prices of oil in international market have fallen down to 58 dollars per barrel.
Published 19 Oct, 2006 12:00am
'In the Line of Fire'

'In the Line of Fire'

I term "In the Line of Fire" a blessing for the common Pakistani. It is a first book of its kind, ever written by a Pakistani. Such topics can only be written by a true and courageous person who has no desires to twist or misguide anyone.
Published 19 Oct, 2006 12:00am
Waterfront developments

Waterfront developments

An unabated debate is going on in the media on "DHA's Waterfront Development Project" for sometimes. This is more academic in nature than a realistic preview of the subject. The semblance of any infrastructure development of the project is yet to be seen
Published 19 Oct, 2006 12:00am
Economic woe spurs Democrats in US heartland

Economic woe spurs Democrats in US heartland

Billie Jo Reese works full time, is raising two children alone and is trying to go back to school. Her wage at a nursing home is $8.25 an hour, putting her family near the poverty line. She can't afford health insurance and isn't sure she'll have enough m
Published 19 Oct, 2006 12:00am
Growing pollution menace in NWFP

Growing pollution menace in NWFP

Engulfed by a thick black layer visible even to the naked eye, Peshawar is rated as one the highly polluted cities of the country where average carbon monoxide is monitored at 17PPM and at some places up to 38PPM while the WHO limit is 9PPM.
Published 19 Oct, 2006 12:00am
Whither Utility Stores?

Whither Utility Stores?

Coming in the midst of mounting official adulation of the Utility Stores Corporation in the outgoing holy month of Ramazan, a recent Recorder Report made a disquieting reading. For, according to it, the government-owned entity will appear to have c
Published 19 Oct, 2006 12:00am
MCB opens door for Pakistani entities

MCB opens door for Pakistani entities

The listing of MCB Bank's Global Depository Receipts (GDRs) at the London Stock Exchange yesterday, makes it the first ever entry of a Pakistani entity in the prestigious bourse. Earlier, the GDR offering had received an enormous response, with the demand
Published 19 Oct, 2006 12:00am
Mehfil-e-Shabeena

Mehfil-e-Shabeena

The National Mehfil-e-Shabeena, 1426 A.H. is being organised at Faisal Mosque on 27th, 28th and 29th of Ramazan-ul-Mubarak (October 20 to 22). As many as 12 'Qari' selected from across the country, would recite Holy Quran.
Published 19 Oct, 2006 12:00am
Four parties attend HPFL pre-bid meeting

Four parties attend HPFL pre-bid meeting

Four parties participated in the pre-bid meeting held on Wednesday under the chairmanship of Shaikh Ikramullah, Secretary Privatisation Commission for the sale of minimum of 90 percent shares of Hazara Phosphate Fertilisers Ltd (HPFL).
Published 19 Oct, 2006 12:00am
MGCL earns Rs 189 million net profit

MGCL earns Rs 189 million net profit

Mari Gas Company Limited (MGCL) recorded an after tax profit of Rs 189 million in the year ended June 30, 2006. This was stated by the Chairman, MGCL Ltd General Syed Arif Hasan (retd) at the Annual General Meeting (AGM) held on Tuesday.
Published 19 Oct, 2006 12:00am
MGCL earns Rs 189 million net profit

MGCL earns Rs 189 million net profit

Mari Gas Company Limited (MGCL) recorded an after tax profit of Rs 189 million in the year ended June 30, 2006. This was stated by the Chairman, MGCL Ltd General Syed Arif Hasan (retd) at the Annual General Meeting (AGM) held on Tuesday.
Published 19 Oct, 2006 12:00am
Building rules: KBCA told to issue notice to violators

Building rules: KBCA told to issue notice to violators

The Supreme Court has directed the Karachi Building Control Authority (KBCA) to issue notices to violators of building rules and regulations in Block 2 and 3 of PECHS, Karachi, as to why action should not taken against them under the law.
Published 19 Oct, 2006 12:00am
Stage set for crucial Nawaz-Benazir talks today

Stage set for crucial Nawaz-Benazir talks today

The stage is set for a crucial meeting between Nawaz Sharif and Benazir Bhutto on Thursday in London during which the latter is expected to seek some time from her democracy charter partner before going all-out against the rulers.
Published 19 Oct, 2006 12:00am
Rashid asks Shahbaz and Nisar to join hands with government

Rashid asks Shahbaz and Nisar to join hands with government

Federal Minister for Railways Sheikh Rashid Ahmed has said that the government is in constant touch with the Pakistan Peoples Party (PPP) high command and Benazir Bhutto has admitted that she is busy in finalising a deal with the government.
Published 19 Oct, 2006 12:00am
EDB urged to work on developing engineering sector

EDB urged to work on developing engineering sector

Industries, Production and Special Initiatives Minister Jahangir Khan Tareen has called upon the Engineering Development Board (EDB) to work more aggressively for the development of the engineering sector.
Published 19 Oct, 2006 12:00am
Raja Zarait's bail application dismissed

Raja Zarait's bail application dismissed

The Supreme Court dismissed bail application of Raja Zarait Kiani, chairman, Bawan Shah Group of Companies, Karachi, as withdrawn here on Wednesday.
Published 19 Oct, 2006 12:00am
Karachi, Lahore LTU banks' names notified

Karachi, Lahore LTU banks' names notified

The Central Board of Revenue (CBR) has issued the list of 29 banks falling in the jurisdiction of Karachi Large Taxpayer Unit (LTU). The Board on Wednesday issued Federal Excise General Order (FEGO) No 6 of 2006 notifying the names of banking companies in
Published 19 Oct, 2006 12:00am
Eid mail stalls set up

Eid mail stalls set up

With a view to facilitate general public about posting of Eid mail, Pakistan Post has established stalls at Islamabad, Lahore and Karachi in the post localities effective from Wednesday.
Published 19 Oct, 2006 12:00am
IBM, Oracle, I-flex announce collaboration

IBM, Oracle, I-flex announce collaboration

The three leading companies IBM, Oracle and I-flex have announced their collaboration on providing banking solutions and launched a strong banking software of I-flex 'FLEXCUBE' for core banking to further expand their services and support.
Published 19 Oct, 2006 12:00am
Pakistan among 10 states worst hit by diabetes

Pakistan among 10 states worst hit by diabetes

Pakistan is amongst the 10 countries in the world that are most affected by diabetes and six of these countries are Asian. Pakistani youth were vulnerable to diabetes as due to unhealthy life style followed by them more and more cases were being noticed.
Published 19 Oct, 2006 12:00am
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