News Archives for Print - 2006-10-22

First arrest made in Shanghai corruption scandal

Chinese authorities have made their first known arrest in a corruption scandal involving Shanghai's social security funds, detaining one of the country's richest men.

Published 22 Oct, 2006 12:00am

South Korean business leaders vow to keep North operations

South Korean business leaders operating joint ventures in North Korea vowed Saturday to continue their operations despite intense pressure to stem the flow of cash to Pyongyang over its nuclear test.

Published 22 Oct, 2006 12:00am

Indian army man arrested in Pakistan spy case

Indian police have arrested a man working for the army in New Delhi as he handed classified military documents to a Pakistani official, a senior police officer said on Saturday, triggering a strong protest from Pakistan.

Published 22 Oct, 2006 12:00am

Wheat export likely after Eid: minister

Despite having a surplus wheat stock of two million metric tonnes and lack of storage capacity, the Ministry of Food, Agriculture and Livestock (Minfal) is facing hardship in convincing the Finance Ministry for its export, it is learnt.

Published 22 Oct, 2006 12:00am

Wheat export likely after Eid: minister

Despite having a surplus wheat stock of two million metric tonnes and lack of storage capacity, the Ministry of Food, Agriculture and Livestock (Minfal) is facing hardship in convincing the Finance Ministry for its export, it is learnt.

Published 22 Oct, 2006 12:00am

Wheat export likely after Eid: minister

Despite having a surplus wheat stock of two million metric tonnes and lack of storage capacity, the Ministry of Food, Agriculture and Livestock (Minfal) is facing hardship in convincing the Finance Ministry for its export, it is learnt.

Published 22 Oct, 2006 12:00am

Jordan's Arab Bank third quarter net profit rises

Jordan-based Arab Bank, one of the Middle East's major financial institutions, said on Saturday its third-quarter net profit rose 28.3 percent to $494.9 million from a year ago with strong growth in diversified business.

Published 22 Oct, 2006 12:00am

Jordan's Arab Bank third quarter net profit rises

Jordan-based Arab Bank, one of the Middle East's major financial institutions, said on Saturday its third-quarter net profit rose 28.3 percent to $494.9 million from a year ago with strong growth in diversified business.

Published 22 Oct, 2006 12:00am

Afghan foreign minister phones Kasuri

Afghan foreign minister Dr Rangin Dadfar Spanta on Saturday made a telephone call on foreign minister Khurshid Mehmud Kasuri to extend Eid greetings and exchange views on bilateral matters. According to the foreign office, the Afghan foreign minister rene

Published 22 Oct, 2006 12:00am

Afghan foreign minister phones Kasuri

Afghan foreign minister Dr Rangin Dadfar Spanta on Saturday made a telephone call on foreign minister Khurshid Mehmud Kasuri to extend Eid greetings and exchange views on bilateral matters. According to the foreign office, the Afghan foreign minister rene

Published 22 Oct, 2006 12:00am

Mubarak warns against associating Islam with terrorism

President Hosni Mubarak has warned against associating Islam and Muslims with terrorism "that knows no home nor boundaries." Speaking at the occasion of Lailatul Qadr, Mubarak stressed rejection to insults of Islamic sanctities on claims of freedom of exp

Published 22 Oct, 2006 12:00am

Malaysian Prime Minister due on November 5

Malaysian Prime Minister Dr Abdullah Badawai would visit Pakistan on November 5-6 on special invitation by the Prime Minister Shaukat Aziz. During his visit he would meet President General Pervez Musharraf, Prime Minister Shaukat Aziz. Both countries woul

Published 22 Oct, 2006 12:00am

Pakistan protests embassy worker manhandling in India

Pakistan on Saturday alleged Indian security illegally detained and manhandled an embassy employee in New Delhi, and said it has lodged a strong protest.

Published 22 Oct, 2006 12:00am

Three soldiers among 10 killed in IoK

Indian occupation troops killed seven suspected Mujahideen in occupied Kashmir, police said on Saturday. "The seven were killed during separate operations in Doda, Baramulla and Kupwara districts during Friday night," a police spokesman said.

Published 22 Oct, 2006 12:00am

Three soldiers among 10 killed in IoK

Indian occupation troops killed seven suspected Mujahideen in occupied Kashmir, police said on Saturday. "The seven were killed during separate operations in Doda, Baramulla and Kupwara districts during Friday night," a police spokesman said.

Published 22 Oct, 2006 12:00am

Anti-smoking Ordinance: Provinces told to ensure implementation by October 28

Federal Health Secretary has directed that all provinces would develop a comprehensive strategy and plan of action to push forward the implementation of the prohibition of smoking ordinance in the country by October 28.

Published 22 Oct, 2006 12:00am

Anti-smoking Ordinance: Provinces told to ensure implementation by October 28

Federal Health Secretary has directed that all provinces would develop a comprehensive strategy and plan of action to push forward the implementation of the prohibition of smoking ordinance in the country by October 28.

Published 22 Oct, 2006 12:00am

PML celebrates creation of Pakistan

Pakistan Muslim League (PML) celebrated the creation of Pakistan on Saturday, on the occasion of 27th Ramazan ul Mubarak which correspond August 14, 1947.

Published 22 Oct, 2006 12:00am

Provincial autonomy likely within months: minister

With the next elections in sight, the government on Saturday hinted at the grant of provincial autonomy to the federating units within months after amending the Constitution, Minister for Inter-Provincial Co-ordination Saleem Saifullah said during an info

Published 22 Oct, 2006 12:00am

Government to hold talks with political parties: Shujaat

President, Pakistan Muslim League, Shujaat Hussain, said on Saturday that the government had decided to hold dialogue with all political parties, represented in parliament, to prepare mutually accepted 'Code of Ethics' for next general elections.

Published 22 Oct, 2006 12:00am

Wapda allows steel furnaces closure for nine days

Wapda has allowed closure of steel furnaces on consumer''s request for 9-day with effect from October 22 to 30, 2006. To avail this facility, last bill due date of which has expired stands cleared, the steel furnace is fed through an independent feeder, t

Published 22 Oct, 2006 12:00am

Wapda allows steel furnaces closure for nine days

Wapda has allowed closure of steel furnaces on consumer's request for 9-day with effect from October 22 to 30, 2006. To avail this facility, last bill due date of which has expired stands cleared, the steel furnace is fed through an independent feeder, th

Published 22 Oct, 2006 12:00am

Wapda allows steel furnaces closure for nine days

Wapda has allowed closure of steel furnaces on consumer's request for 9-day with effect from October 22 to 30, 2006. To avail this facility, last bill due date of which has expired stands cleared, the steel furnace is fed through an independent feeder, th

Published 22 Oct, 2006 12:00am

CBR told to decide exporter''s case on merit

The Federal Tax Ombudsman (FTO) former Justice Munir A. Sheikh has directed the Central Board of Revenue (CBR) to decide the case of a manufacture/exporter on merit basis without further loss of time.

Published 22 Oct, 2006 12:00am

CBR told to decide exporter's case on merit

The Federal Tax Ombudsman (FTO) former Justice Munir A. Sheikh has directed the Central Board of Revenue (CBR) to decide the case of a manufacture/exporter on merit basis without further loss of time.

Published 22 Oct, 2006 12:00am

CBR told to decide exporter's case on merit

The Federal Tax Ombudsman (FTO) former Justice Munir A. Sheikh has directed the Central Board of Revenue (CBR) to decide the case of a manufacture/exporter on merit basis without further loss of time.

Published 22 Oct, 2006 12:00am

India and Pakistan should jointly work on Mumbai blasts: US

The United States has refused to be publicly drawn into the war of words between India and Pakistan on the "evidence of involvement" in the Mumbai blasts, but said that it is in touch with New Delhi over the sensitive issue.

Published 22 Oct, 2006 12:00am

India and Pakistan should jointly work on Mumbai blasts: US

The United States has refused to be publicly drawn into the war of words between India and Pakistan on the "evidence of involvement" in the Mumbai blasts, but said that it is in touch with New Delhi over the sensitive issue.

Published 22 Oct, 2006 12:00am

World Bank to lend Bangladesh $40 million for railway

The World Bank has approved a soft loan of $40 million for Bangladesh to help improve the efficiency of its railway infrastructure. The project supports government efforts to improve the capacity and management of Bangladesh Railways, the World Bank said

Published 22 Oct, 2006 12:00am

Former Delphi executives seeking cover for legal costs

Former top employees at Delphi Corp have asked a bankruptcy judge to force the parts maker to cover legal costs from responding to federal subpoenas and civil lawsuits over the company's accounting woes.

Published 22 Oct, 2006 12:00am

Government to pursue reform agenda expeditiously: Shaukat tells World Bank chief

Reiterating the government''s resolve to continue to pursue the reform agenda expeditiously, Prime Minister Shaukat Aziz on Saturday said that ensuring water, energy and food security, infrastructure strengthening and human resource development would be t

Published 22 Oct, 2006 12:00am

Government to pursue reform agenda expeditiously: Shaukat tells World Bank chief

Reiterating the government's resolve to continue to pursue the reform agenda expeditiously, Prime Minister Shaukat Aziz on Saturday said that ensuring water, energy and food security, infrastructure strengthening and human resource development would be th

Published 22 Oct, 2006 12:00am

Government to pursue reform agenda expeditiously: Shaukat tells World Bank chief

Reiterating the government's resolve to continue to pursue the reform agenda expeditiously, Prime Minister Shaukat Aziz on Saturday said that ensuring water, energy and food security, infrastructure strengthening and human resource development would be th

Published 22 Oct, 2006 12:00am

Global merger volume hits $3 trillion year to date

Global merger volume has reached $3 trillion so far this year, the highest since 2000 and a 37 percent increase from the same stage of last year, new data shows.

Published 22 Oct, 2006 12:00am

Russian film wins Rome's first film festival

A modern-day Russian adaptation of Shakespeare's Hamlet won the best-film award at Rome's first international film festival, as the nine-day movie marathon wrapped up on Saturday.

Published 22 Oct, 2006 12:00am

Deutsche Telekom has no plans to cut more jobs

Deutsche Telekom has no current plans to cut more jobs on top of 32,000 cuts it has already announced for Germany by 2008, a company spokesman said in response to a German newspaper article on Saturday.

Published 22 Oct, 2006 12:00am

Israeli forces kill Palestinian

Israeli forces killed a Palestinian civilian during a raid in southern Gaza on Saturday, hospital officials and residents said, as the army pressed on with a four-month-old offensive against militants.

Published 22 Oct, 2006 12:00am

Two Vietnam papers suspended over bank note reporting

The government has suspended two newspapers for a month over critical reporting of the central bank's printing of new polymer bank notes, the Vietnam News Agency reported on Saturday.

Published 22 Oct, 2006 12:00am

Japan births up in August

The number of births in Japan was up for the seventh straight month in August, government data showed on Saturday, offering a glimmer of hope for the country's shrinking population. Babies born in August numbered 98,276, up 3.1 percent from the same month

Published 22 Oct, 2006 12:00am

Island City: Law ministry questions parts of proposed deal

The Ministry of Law and Justice has raised questions over some of the clauses of the proposed agreement to be negotiated between GoP and ''Emaar'' for the $43.165 billion Diamond Bar Island City, advising the government to be very careful in negotiating t

Published 22 Oct, 2006 12:00am

Island City: Law ministry questions parts of proposed deal

The Ministry of Law and Justice has raised questions over some of the clauses of the proposed agreement to be negotiated between GoP and 'Emaar' for the $43.165 billion Diamond Bar Island City, advising the government to be very careful in negotiating ter

Published 22 Oct, 2006 12:00am

Island City: Law ministry questions parts of proposed deal

The Ministry of Law and Justice has raised questions over some of the clauses of the proposed agreement to be negotiated between GoP and 'Emaar' for the $43.165 billion Diamond Bar Island City, advising the government to be very careful in negotiating ter

Published 22 Oct, 2006 12:00am

Treasury bill yields remain flat at auction

The cut-off yield and weighted average annual yields on the benchmark six-month Treasury Bills (T-bills) remains unchanged at 8.8142 percent, from the previous auction on October 11, the State Bank of Pakistan (SBP) said.

Published 22 Oct, 2006 12:00am

Treasury bill yields remain flat at auction

The cut-off yield and weighted average annual yields on the benchmark six-month Treasury Bills (T-bills) remains unchanged at 8.8142 percent, from the previous auction on October 11, the State Bank of Pakistan (SBP) said.

Published 22 Oct, 2006 12:00am

Treasury bill yields remain flat at auction

The cut-off yield and weighted average annual yields on the benchmark six-month Treasury Bills (T-bills) remains unchanged at 8.8142 percent, from the previous auction on October 11, the State Bank of Pakistan (SBP) said.

Published 22 Oct, 2006 12:00am

Treasury bill yields remain flat at auction

The cut-off yield and weighted average annual yields on the benchmark six-month Treasury Bills (T-bills) remains unchanged at 8.8142 percent, from the previous auction on October 11, the State Bank of Pakistan (SBP) said.

Published 22 Oct, 2006 12:00am

Bank''s name changed

The State Bank of Pakistan has notified that the name of Metropolitan Bank Limited has been changed as ''Habib Metropolitan Bank Limited'' with effect from October 26, 2006. The decision was taken in exercise of the powers conferred on it by clause (C) of

Published 22 Oct, 2006 12:00am

Bank's name changed

The State Bank of Pakistan has notified that the name of Metropolitan Bank Limited has been changed as 'Habib Metropolitan Bank Limited' with effect from October 26, 2006. The decision was taken in exercise of the powers conferred on it by clause (C) of s

Published 22 Oct, 2006 12:00am

Bank's name changed

The State Bank of Pakistan has notified that the name of Metropolitan Bank Limited has been changed as 'Habib Metropolitan Bank Limited' with effect from October 26, 2006. The decision was taken in exercise of the powers conferred on it by clause (C) of s

Published 22 Oct, 2006 12:00am

NWFP 'Ulema' announce Eid on Monday

The religious leaders, 'Ulema and 'muftis' of NWFP have announced to celebrate Eid-ul-Fitr on Monday, and pamphlets have been distributed among the people in this respect.

Published 22 Oct, 2006 12:00am

NWFP 'Ulema' announce Eid on Monday

The religious leaders, 'Ulema and 'muftis' of NWFP have announced to celebrate Eid-ul-Fitr on Monday, and pamphlets have been distributed among the people in this respect.

Published 22 Oct, 2006 12:00am

Tariff slashed on 118 vehicles components from Sri Lanka

Pakistan has announced tariff concessions on import of 118 items from Sri Lanka, including components for assembly/manufacture of vehicles, specially designed twin cabin taxis in CBU condition and import of agricultural tractors'''' components, with effec

Published 22 Oct, 2006 12:00am

Tariff slashed on 118 vehicles components from Sri Lanka

Pakistan has announced tariff concessions on import of 118 items from Sri Lanka, including components for assembly/manufacture of vehicles, specially designed twin cabin taxis in CBU condition and import of agricultural tractors'' components, with effect

Published 22 Oct, 2006 12:00am

Tariff slashed on 118 vehicles components from Sri Lanka

Pakistan has announced tariff concessions on import of 118 items from Sri Lanka, including components for assembly/manufacture of vehicles, specially designed twin cabin taxis in CBU condition and import of agricultural tractors' components, with effect f

Published 22 Oct, 2006 12:00am

Tariff slashed on 118 vehicles components from Sri Lanka

Pakistan has announced tariff concessions on import of 118 items from Sri Lanka, including components for assembly/manufacture of vehicles, specially designed twin cabin taxis in CBU condition and import of agricultural tractors' components, with effect f

Published 22 Oct, 2006 12:00am

Sri Lankan navy kills six rebels

The Sri Lankan navy destroyed two Tamil Tiger boats on Saturday off an island in the country's restive north, killing six rebels, a naval spokesman said, the second military engagement at sea in less than 24 hours.

Published 22 Oct, 2006 12:00am

North Korea says US pushing region to brink of war

North Korea said Saturday that US joint war games with South Korea, coming in the wake of new UN sanctions over Pyongyang's nuclear test, were pushing the region to the edge of war.

Published 22 Oct, 2006 12:00am

Bush and commanders meet to weigh Iraq tactics

President George W. Bush met on Saturday with top US military commanders to discuss the Iraq war and said he would "make every necessary change" in tactics to try to control spiralling violence there.

Published 22 Oct, 2006 12:00am

World Bank lists factors impeding economic growth

A World Bank team on Saturday said Pakistan lacks a platform required to meet its growing energy and other infrastructure-related needs and suggested that the government should come up with a quick solution to address the risky issues.

Published 22 Oct, 2006 12:00am

World Bank lists factors impeding economic growth

A World Bank team on Saturday said Pakistan lacks a platform required to meet its growing energy and other infrastructure-related needs and suggested that the government should come up with a quick solution to address the risky issues.

Published 22 Oct, 2006 12:00am

World Bank lists factors impeding economic growth

A World Bank team on Saturday said Pakistan lacks a platform required to meet its growing energy and other infrastructure-related needs and suggested that the government should come up with a quick solution to address the risky issues.

Published 22 Oct, 2006 12:00am

Leadership was fully on board on Kargil: Musharraf

President Pervez Musharraf on Saturday said all institutions of the country must speak with one voice on national matters and clarified that on the Kargil conflict, the then government was fully on board.

Published 22 Oct, 2006 12:00am

Leadership was fully on board on Kargil: Musharraf

President Pervez Musharraf on Saturday said all institutions of the country must speak with one voice on national matters and clarified that on the Kargil conflict, the then government was fully on board.

Published 22 Oct, 2006 12:00am

The Weather

The weather report on Saturday (October 21, 2006) and the forecast for Sunday (October 22, 2006).

Published 22 Oct, 2006 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 21, 2006).

Published 22 Oct, 2006 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 21, 2006).

Published 22 Oct, 2006 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 21, 2006).

Published 22 Oct, 2006 12:00am

Poultry rates

Wholesale poultry rates on Saturday (October 21, 2006) and for Sunday (October 22, 2006).

Published 22 Oct, 2006 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (October 21, 2006).

Published 22 Oct, 2006 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (October 21, 2006).

Published 22 Oct, 2006 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (October 21, 2006).

Published 22 Oct, 2006 12:00am

Yarn Prices

Currency	Rate
USD PKR Interbank Selling / Nov 6	277.92
USD PKR Interbank Buying / Nov 6	277.72
USD to Japanese Yen / Nov 6	153.43
USD to Swiss Franc / Nov 6	0.87
Pound Sterling to USD / Nov 6	1.29
Euro to USD / Nov 6	1.08

Stock	Volume
S&P 500 / Nov 5	5,782.76
Nasdaq / Nov 5	18,439.17
Dow Jones / Nov 5	41,221.88
India Sensex / Nov 6	79,841.86
Tokyo Nikkei / Nov 6	39,303.01
Hang Seng / Nov 6	20,407.15
FTSE 100 / Nov 6	8,284.30
Germany DAX 30 / Nov 6	19,412.80

Item	Value
Gold 10 Grams PKR / Nov 5	242,798
Petrol/Litre / Nov 6	248.38
Crude Oil USD/Barrel / Nov 6	71.12
Karachi Cotton PKR/37.32 KG / Nov 6	18,285
Gold Spot USD/Ounce / Nov 6	2,742.04
Diesel/Litre / Nov 6	255.14

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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