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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-10-24
World Bank to help Punjab develop large cities

World Bank to help Punjab develop large cities

The World Bank will be assisting Punjab Government in developing large cities to promote economic growth and improve infrastructure, service delivery in major cities of Pakistan, says a press release of World Bank.
Published 24 Oct, 2006 12:00am
World Bank to help Punjab develop large cities

World Bank to help Punjab develop large cities

The World Bank will be assisting Punjab Government in developing large cities to promote economic growth and improve infrastructure, service delivery in major cities of Pakistan, says a press release of World Bank.
Published 24 Oct, 2006 12:00am
World Bank to help Punjab develop large cities

World Bank to help Punjab develop large cities

The World Bank will be assisting Punjab Government in developing large cities to promote economic growth and improve infrastructure, service delivery in major cities of Pakistan, says a press release of World Bank.
Published 24 Oct, 2006 12:00am
PPIB told to negotiate equity return with Orient

PPIB told to negotiate equity return with Orient

The Private Power Infrastructure Board (PPIB) has been authorised to negotiate return of equity to the sponsors of power projects on its own but approval of the federal government is a must for material change in the approved standardised agreements, offi
Published 24 Oct, 2006 12:00am
PPIB told to negotiate equity return with Orient

PPIB told to negotiate equity return with Orient

The Private Power Infrastructure Board (PPIB) has been authorised to negotiate return of equity to the sponsors of power projects on its own but approval of the federal government is a must for material change in the approved standardised agreements, offi
Published 24 Oct, 2006 12:00am
PPIB told to negotiate equity return with Orient

PPIB told to negotiate equity return with Orient

The Private Power Infrastructure Board (PPIB) has been authorised to negotiate return of equity to the sponsors of power projects on its own but approval of the federal government is a must for material change in the approved standardised agreements, offi
Published 24 Oct, 2006 12:00am
Gas pipeline blown up in Sui

Gas pipeline blown up in Sui

A 14-inch diameter pipeline was blown up by unidentified saboteurs with the use of explosive device in Sui suspending gas supply to the plant from Well No 8. According to the sources, 7-foot part of gas pipeline was completely destroyed due to the blast.
Published 24 Oct, 2006 12:00am
Gas pipeline blown up in Sui

Gas pipeline blown up in Sui

A 14-inch diameter pipeline was blown up by unidentified saboteurs with the use of explosive device in Sui suspending gas supply to the plant from Well No 8. According to the sources, 7-foot part of gas pipeline was completely destroyed due to the blast.
Published 24 Oct, 2006 12:00am
Ruet-e-Hilal issue attains a new dimension

Ruet-e-Hilal issue attains a new dimension

The Ruet-e-Hilal issue gained a new dimension in the country and especially in Karachi when the Central Ruet-e-Hilal Committee, appointed by the President of Pakistan, chaired by Mufti Munibur Rahman declared that Eid-ul-Fitr will fall on Wednesday, since
Published 24 Oct, 2006 12:00am
'Taliban plotting attacks in Europe'

'Taliban plotting attacks in Europe'

Afghan militants are planning to launch deadly attacks on civilians in Europe in revenge for the 2001 invasion by US-led forces, a Taliban commander said on Sky News television on Monday.
Published 24 Oct, 2006 12:00am
The Weather

The Weather

The weather report on Monday (October 23, 2006) and the forecast for Tuesday (October 24, 2006).
Published 24 Oct, 2006 12:00am
'Taliban plotting attacks in Europe'

'Taliban plotting attacks in Europe'

Afghan militants are planning to launch deadly attacks on civilians in Europe in revenge for the 2001 invasion by US-led forces, a Taliban commander said on Sky News television on Monday.
Published 24 Oct, 2006 12:00am
New York cotton rates

New York cotton rates

Monday's closing prices of New York cotton in US cents/lb
Published 24 Oct, 2006 12:00am
Eid tomorrow; another holiday on Thursday

Eid tomorrow; another holiday on Thursday

The Shawal moon was not sighted on Monday, and now Eid-ul-Fitr would be observed throughout the country on Wednesday, October 25, according to an announcement made by the Central Ruet-e-Hilal Committee late on Monday night.
Published 24 Oct, 2006 12:00am
New York cotton rates

New York cotton rates

Monday's closing prices of New York cotton in US cents/lb
Published 24 Oct, 2006 12:00am
Eid tomorrow; another holiday on Thursday

Eid tomorrow; another holiday on Thursday

The Shawal moon was not sighted on Monday, and now Eid-ul-Fitr would be observed throughout the country on Wednesday, October 25, according to an announcement made by the Central Ruet-e-Hilal Committee late on Monday night.
Published 24 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 24 Oct, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Sunday (October 23, 2006).

Published 24 Oct, 2006 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Sunday (October 23, 2006).

Published 24 Oct, 2006 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Sunday (October 23, 2006).

Published 24 Oct, 2006 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Sunday (October 23, 2006).

Published 24 Oct, 2006 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Sunday (October 23, 2006).

Published 24 Oct, 2006 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Sunday (October 23, 2006).

Published 24 Oct, 2006 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Sunday (October 23, 2006).

Published 24 Oct, 2006 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Sunday (October 23, 2006).

Published 24 Oct, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Sunday (October 23, 2006).

Published 24 Oct, 2006 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Sunday (October 23, 2006).
Published 24 Oct, 2006 12:00am
Palm oil embraces crude

Palm oil embraces crude

Palm and crude oil are locked in a serious relationship, the bonds of which may only get stronger as ever-larger volumes of vegetable oil get diverted to producing biodiesel in future.
Published 24 Oct, 2006 12:00am
Vietnam's year-end rice stock seen down 40 percent

Vietnam's year-end rice stock seen down 40 percent

Vietnam, the world's second-largest rice exporter, estimated on Wednesday that stock held at the end of this year for loading in 2007 would be 40 percent lower than at the end of 2005 at 150,000 tonnes.
Published 24 Oct, 2006 12:00am
Shanghai copper down in quiet trade

Shanghai copper down in quiet trade

Shanghai copper futures softened on Monday despite firmer London prices, as quiet turnover and relatively high prices kept speculators and investors at the sidelines.
Published 24 Oct, 2006 12:00am
Tokyo gold retreats on New York losses

Tokyo gold retreats on New York losses

Tokyo gold futures lost nearly 1 percent on Monday, with the benchmark contract slipping below the key 2,300 yen level, as long liquidation gathered pace after a sell-off in New York and a drop in oil prices to the year's low.
Published 24 Oct, 2006 12:00am
Oil prices down despite Saudi cut

Oil prices down despite Saudi cut

Oil fell one percent on Monday despite confirmation leading exporter Saudi Arabia was curbing November supplies after an Opec agreement to cut output. Traders said it would take more to convince investors all in Opec were as ready as Riyadh to forego oil
Published 24 Oct, 2006 12:00am
Jordan tenders to buy barley

Jordan tenders to buy barley

Jordan's state grains buyer has issued an international tender to purchase 100,000 tonnes of feed barley, European traders said on Monday. Some 50,000 tonnes is for shipment in the first half of December and 50,000 in the second half of December.
Published 24 Oct, 2006 12:00am
South Korea corn imports down

South Korea corn imports down

South Korea's combined imports of food-grade corn and corn for feed fell 0.7 percent in the first nine months of 2006 from the same period a year, industry data showed on Monday.
Published 24 Oct, 2006 12:00am
China sells corn and wheat

China sells corn and wheat

China has sold about 2 million tonnes of corn for shipment in the first two months of next year and up to 500,000 tonnes of wheat, helped by a rally in Chicago futures to Multi-year highs.
Published 24 Oct, 2006 12:00am
Asian swaps lower, fuel oil crack up

Asian swaps lower, fuel oil crack up

Asian oil product swaps fell on Monday, but the fuel oil crack firmed, on positive sentiment that November supplies from the West will be lower than the monthly average. November fuel oil swaps fell by $5.38 to $286.50 a tonne, while the November/December
Published 24 Oct, 2006 12:00am
India to lift ban on sugar exports soon

India to lift ban on sugar exports soon

India plans to soon lift a ban on sugar exports imposed in July after a surge in domestic prices, a senior government official told Reuters on Monday.
Published 24 Oct, 2006 12:00am
India's gold imports jump

India's gold imports jump

India importers bought more than double the quantity of gold ahead of this year's peak festival season compared to the lead-up to Diwali in 2005 as a fall in prices attracted buyers, a top industry official said on Monday.
Published 24 Oct, 2006 12:00am
Esat Asian grain buying seen slow

Esat Asian grain buying seen slow

Grain buyers in Asia are likely to hold back purchases this week as they wait for freight rates and prices on the Chicago Board of Trade to ease, traders said on Monday. Japanese corn buyers bought a small volume of the grain last week and are expected to
Published 24 Oct, 2006 12:00am
Asian naphtha prices near 2006 low

Asian naphtha prices near 2006 low

Asian naphtha prices fell to near their lowest levels this year on Monday, while the inter-month contango widened reflecting a weak market where spot deals have recently been struck at increasingly deep discounts.
Published 24 Oct, 2006 12:00am
Tokyo rubber drops further

Tokyo rubber drops further

Tokyo rubber futures fell further on Monday's session, tracking weak sentiment on gold and oil futures. The benchmark March 2007 contract fell 0.8 yen to 232.7 yen ($1.96) per kg, slightly lower than last on Friday's 233.5 yen.
Published 24 Oct, 2006 12:00am
Gold below $600 in Asia

Gold below $600 in Asia

Gold hovered below $600 an ounce on Monday after oil weakened on doubts about Opec's pledge to cut output, with the metal's failure to hold on to last week's gains likely to exasperate some investors. The physical sector was slow in Southeast Asia, with m
Published 24 Oct, 2006 12:00am
Time for Fletcher to leave England post: Boycott

Time for Fletcher to leave England post: Boycott

Former England captain Geoffrey Boycott has called for Duncan Fletcher to be axed as coach following the side's comprehensive defeat to Australia in a Champions Trophy group match on Saturday.
Published 24 Oct, 2006 12:00am
ICC body to decide on England compensation claim

ICC body to decide on England compensation claim

An International Cricket Committee disputes panel is to have the final say on England's compensation claim for lost revenue from the Oval test against Pakistan after both boards failed to reach an agreement.
Published 24 Oct, 2006 12:00am
Smith urges South Africa to adapt to conditions

Smith urges South Africa to adapt to conditions

South Africa captain Graeme Smith has asked his batsmen to adapt quickly to spin-friendly conditions in Tuesday's Champions Trophy Group B day-night match against Sri Lanka.
Published 24 Oct, 2006 12:00am
Federer dreaming of hometown triumph

Federer dreaming of hometown triumph

Roger Federer is braced for a hero's welcome as he plays his home ATP event for the first time here in three years, taking aim at a record-levelling 11th title this season at the Swiss Indoors.
Published 24 Oct, 2006 12:00am
Lara expected to be fit for India match

Lara expected to be fit for India match

West Indies batsman Brian Lara is expected to be fit for Thursday's Champions Trophy Group A match against India. The left-hander suffered back spasms while scoring 71 in a tense 10-run victory over world champions Australia on a slow Brabourne Stadium pi
Published 24 Oct, 2006 12:00am
PCB unhappy with comments of tribunal member

PCB unhappy with comments of tribunal member

Pakistan cricket authorities are unhappy with a reported interview of a member of the drugs inquiry tribunal in which he has said fast bowlers Shoaib Akhtar and Mohammad Asif could escape without a ban.
Published 24 Oct, 2006 12:00am
French clerics criticise Pope's Latin mass plans

French clerics criticise Pope's Latin mass plans

Pope Benedict's expected revival of the old Latin mass has provoked protests from Roman Catholic clergy in France, a major centre of the traditionalist schism the Pontiff hopes to overcome with the gesture.
Published 24 Oct, 2006 12:00am
Germany's Schroeder comes back swinging in memoir

Germany's Schroeder comes back swinging in memoir

Less than a year after leaving German politics a defeated man, Gerhard Schroeder is back with a new memoir brimming with the same swagger and controversy that characterised his seven years in office.
Published 24 Oct, 2006 12:00am
Bollywood remaking own classics, not Hollywood hits

Bollywood remaking own classics, not Hollywood hits

Bollywood is remaking a slew of classic Hindi movies, egged on by what it says is a creative challenge of packaging old blockbusters to appeal to modern-day audiences. The world's biggest film industry by volumes and ticket sales is known to be quick to r
Published 24 Oct, 2006 12:00am
UN envoy prepares Sudan exit after expulsion order

UN envoy prepares Sudan exit after expulsion order

UN envoy to Sudan Jan Pronk prepared to leave Khartoum on Monday after the African country's government raised the stakes in a running dispute with the world body by ordering Pronk to leave.
Published 24 Oct, 2006 12:00am
Eurostat to up four EU members' deficits from 2007

Eurostat to up four EU members' deficits from 2007

Eurostat confirmed on Monday it will revise up, from April 2007, budget balance and public debt figures for Denmark, Hungary, Poland and Sweden, which have reformed their pension systems.
Published 24 Oct, 2006 12:00am
Lukoil seeks to join Iran in Caspian oilfields

Lukoil seeks to join Iran in Caspian oilfields

Russia's Lukoil has offered to participate in Iran's oil exploration activities in the Caspian Sea, Iranian state radio reported on Monday. Iran has been slow in developing oilfields in its deep territorial Caspian Sea waters as the investments in the sha
Published 24 Oct, 2006 12:00am
Telecom companies plan cable through Middle East

Telecom companies plan cable through Middle East

Telecom companies from Egypt, Italy, India, Saudi Arabia and the United Arab Emirates plan to build a submarine cable linking Europe to India through the Middle East, Telecom Egypt said on Monday.
Published 24 Oct, 2006 12:00am
Iran's GDP growth drops

Iran's GDP growth drops

Iran's GDP growth slipped to 4.7 percent in the year to June 21 from 7.1 percent for same period a year earlier, the Central Bank of Iran (CBI) reported.
Published 24 Oct, 2006 12:00am
Ford posts loss of $5.8 billion

Ford posts loss of $5.8 billion

Ford Motor Co on Monday posted a quarterly loss of $5.8 billion - its largest loss in 14 years - as restructuring charges related to planned job cuts in North America and declining sales of its trucks hampered results.
Published 24 Oct, 2006 12:00am
Ford posts loss of $5.8 billion

Ford posts loss of $5.8 billion

Ford Motor Co on Monday posted a quarterly loss of $5.8 billion - its largest loss in 14 years - as restructuring charges related to planned job cuts in North America and declining sales of its trucks hampered results.
Published 24 Oct, 2006 12:00am
Saudi Arabia tells Asia, US they will get less oil

Saudi Arabia tells Asia, US they will get less oil

Top oil exporter Saudi Arabia on Monday told core customers in Asia and the United States it would cut supplies next month, making good on Opec's pledge to implement its first formal output cut since 2004.
Published 24 Oct, 2006 12:00am
Eurozone growth to slow down next year: ECB

Eurozone growth to slow down next year: ECB

Eurozone economic growth will slow slightly next year, European Central Bank officials said, while stressing they will still keep a close eye on inflation.
Published 24 Oct, 2006 12:00am
Nasdaq and Shanghai exchange sign memorandum

Nasdaq and Shanghai exchange sign memorandum

The Nasdaq Stock Market Inc on Monday said it signed a memorandum of understanding with the Shanghai Stock Exchange, the latest agreement struck by the US exchange with an Asian counterpart.
Published 24 Oct, 2006 12:00am
IBM sues Amazon over patents

IBM sues Amazon over patents

International Business Machines Corp on Monday said it had filed two patent infringement lawsuits against online retailer Amazon.com Inc over key technologies for the Internet service. The suits accuse Amazon of wilfully violating technology patents cover
Published 24 Oct, 2006 12:00am
AT&T earnings rise

AT&T earnings rise

AT&T Inc on Monday posted a better-than-expected rise in third-quarter profit, helped by growth in Internet and mobile phone services, as well as merger-related cost cuts.
Published 24 Oct, 2006 12:00am
AT&T earnings rise

AT&T earnings rise

AT&T Inc on Monday posted a better-than-expected rise in third-quarter profit, helped by growth in Internet and mobile phone services, as well as merger-related cost cuts.
Published 24 Oct, 2006 12:00am
New Russian gambling law threatens futures trading

New Russian gambling law threatens futures trading

Russia's fledgling derivatives market may fall victim of a new tough gambling law because the country's courts treat futures and forward contracts as risky bets that should come under gaming rules.
Published 24 Oct, 2006 12:00am
Europe aviation groups give wary okay on emissions

Europe aviation groups give wary okay on emissions

European aviation groups offered cautious support for an emissions trading scheme (ETS) for airlines on Monday but called for impact assessments to ensure that any steps taken are fair and effective.
Published 24 Oct, 2006 12:00am
China's Home Inns IPO attracts $1 billion in orders

China's Home Inns IPO attracts $1 billion in orders

China's Home Inns & Hotels Management Inc, a budget hotel chain, has attracted more than $1 billion in orders for its $95 million Nasdaq listing, sources familiar with the deal said on Monday.
Published 24 Oct, 2006 12:00am
China's Home Inns IPO attracts $1 billion in orders

China's Home Inns IPO attracts $1 billion in orders

China's Home Inns & Hotels Management Inc, a budget hotel chain, has attracted more than $1 billion in orders for its $95 million Nasdaq listing, sources familiar with the deal said on Monday.
Published 24 Oct, 2006 12:00am
Taiwan stocks close flat

Taiwan stocks close flat

Taiwan stocks ended flat on Monday, with microchip heavyweight TSMC leading technology shares lower ahead of the busiest week for the release of third-quarter results. After trading in negative territory through most of the session, the main TAIEX share i
Published 24 Oct, 2006 12:00am
Chinese shares end weaker

Chinese shares end weaker

Chinese shares ended down 1.73 percent on Monday amid investor caution in the run-up to ICBC's listing, but index heavyweight Sinopec Corp bucked the trend, surging 2.74 percent. The Shanghai composite index finished at 1,759.394 points. The fall came aft
Published 24 Oct, 2006 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong blue chips fell 0.1 percent on Monday after hitting a new 6-1/2 year peak as investors sold recent gainers such as China Construction Bank, while weak crude prices led resource shares lower.
Published 24 Oct, 2006 12:00am
Seoul shares end flat

Seoul shares end flat

Seoul shares ended flat on Monday but Hyundai Heavy surged to a record on speculation the ship maker would report solid earnings, while technology stocks added to recent falls on worries of slower earnings growth next year.
Published 24 Oct, 2006 12:00am
JGB futures hit two-month low on Nikkei

JGB futures hit two-month low on Nikkei

Japanese government bond futures slid to a two-month trough on Monday as Tokyo share prices hit five-month highs, stoking worries that the Bank of Japan could raise interest rates before the year-end. The benchmark 10-year yield climbed to a two-month pea
Published 24 Oct, 2006 12:00am
JGB futures hit two-month low on Nikkei

JGB futures hit two-month low on Nikkei

Japanese government bond futures slid to a two-month trough on Monday as Tokyo share prices hit five-month highs, stoking worries that the Bank of Japan could raise interest rates before the year-end. The benchmark 10-year yield climbed to a two-month pea
Published 24 Oct, 2006 12:00am
Bangladesh's Shahjalal bank plans $14 million IPO

Bangladesh's Shahjalal bank plans $14 million IPO

Bangladesh' Shahjalal Islami Bank Ltd is to float primary shares worth 935.8 million taka ($14 million) in the largest initial public offering (IPO) in the country's banking sector, officials said. "The Securities and Exchange Commission (SEC) has approve
Published 24 Oct, 2006 12:00am
Bangladesh's Shahjalal bank plans $14 million IPO

Bangladesh's Shahjalal bank plans $14 million IPO

Bangladesh' Shahjalal Islami Bank Ltd is to float primary shares worth 935.8 million taka ($14 million) in the largest initial public offering (IPO) in the country's banking sector, officials said. "The Securities and Exchange Commission (SEC) has approve
Published 24 Oct, 2006 12:00am
South Korean bonds fall

South Korean bonds fall

South Korean government bond prices gave up their early gains to end lower on Monday as the central bank chief's remarks before a parliamentary committee lowered expectations of a cut in interest rates soon.
Published 24 Oct, 2006 12:00am
South Korean bonds fall

South Korean bonds fall

South Korean government bond prices gave up their early gains to end lower on Monday as the central bank chief's remarks before a parliamentary committee lowered expectations of a cut in interest rates soon.
Published 24 Oct, 2006 12:00am
Singapore shares set new closing high

Singapore shares set new closing high

Singapore share prices closed on Monday at a new record high for the second straight session as investors snapped up blue chips on expectations of robust corporate earnings, dealers said. They however see a period of consolidation setting in after the mar
Published 24 Oct, 2006 12:00am
Markets closed

Markets closed

Financial markets in Thailand were closed on Monday for a public holiday. Trading will resume on Tuesday.
Published 24 Oct, 2006 12:00am
Australian shares slightly changed

Australian shares slightly changed

Australian share prices closed little changed on Monday as investors got jittery over signs of rising inflation and weaker commodity prices, dealers said.
Published 24 Oct, 2006 12:00am
Nikkei hits five-month closing high

Nikkei hits five-month closing high

The Nikkei average rose 0.82 percent on Monday to book its highest close in five months as Shin-Etsu Chemical Co Ltd extended gains after reporting strong earnings results, while property shares also drew buyers for their bright earnings prospects.
Published 24 Oct, 2006 12:00am
South Korea won down

South Korea won down

The South Korean won fell against the dollar on Monday, tracking a weaker yen and as foreign investors kept selling local shares amid caution about growth in Asia's third-largest economy.
Published 24 Oct, 2006 12:00am
Fed to keep hawkish tone, hold rates steady

Fed to keep hawkish tone, hold rates steady

The US central bank is expected to hold interest rates steady for the third straight month when it meets on Tuesday and Wednesday and repeat warnings on inflation, even though economists see little chance it will hike again.
Published 24 Oct, 2006 12:00am
Dollar stuck before Fed meets on rates

Dollar stuck before Fed meets on rates

The dollar steadied on Monday as investors squared positions and looked to the Federal Reserve's upcoming policy meeting for clues on the outlook for US interest rates.
Published 24 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 Monday. 66.95/67.50 (previous 66.90/67.20). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
Published 24 Oct, 2006 12:00am
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