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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-11-13
Investment under CFS up by 13.4 percent

Investment under CFS up by 13.4 percent

Total investment under CFS (Continuous Funding System) had been increased by 13.4 percent to stand at Rs 28.0 billion during the week ending on November 11, 2006 against Rs 24.7 billion a week earlier, while the cost of borrowing at CFS counter went down
Published 13 Nov, 2006 12:00am
Investment under CFS up by 13.4 percent

Investment under CFS up by 13.4 percent

Total investment under CFS (Continuous Funding System) had been increased by 13.4 percent to stand at Rs 28.0 billion during the week ending on November 11, 2006 against Rs 24.7 billion a week earlier, while the cost of borrowing at CFS counter went down
Published 13 Nov, 2006 12:00am
Stock market plummets

Stock market plummets

The Karachi share market declined sharply during last week ending on November 11, 2006 and the benchmark KSE-100 share index lost 507 points, or 4.5 percent, on week-on-week basis and closed at 10739 points level. The KSE-30 index lost 700 points to close
Published 13 Nov, 2006 12:00am
Stock market plummets

Stock market plummets

The Karachi share market declined sharply during last week ending on November 11, 2006 and the benchmark KSE-100 share index lost 507 points, or 4.5 percent, on week-on-week basis and closed at 10739 points level. The KSE-30 index lost 700 points to close
Published 13 Nov, 2006 12:00am
Stock market plummets

Stock market plummets

The Karachi share market declined sharply during last week ending on November 11, 2006 and the benchmark KSE-100 share index lost 507 points, or 4.5 percent, on week-on-week basis and closed at 10739 points level. The KSE-30 index lost 700 points to close
Published 13 Nov, 2006 12:00am
Government borrowing from banks up by 59.76 percent

Government borrowing from banks up by 59.76 percent

The government has borrowed Rs 84.178 billion from the banking system (SBP and scheduled banks) to fill in the gap between its income and expenses in less than four months from July 1 to October 21, 2006, the State Bank of Pakistan (SBP) reported.
Published 13 Nov, 2006 12:00am
Government borrowing from banks up by 59.76 percent

Government borrowing from banks up by 59.76 percent

The government has borrowed Rs 84.178 billion from the banking system (SBP and scheduled banks) to fill in the gap between its income and expenses in less than four months from July 1 to October 21, 2006, the State Bank of Pakistan (SBP) reported.
Published 13 Nov, 2006 12:00am
Government borrowing from banks up by 59.76 percent

Government borrowing from banks up by 59.76 percent

The government has borrowed Rs 84.178 billion from the banking system (SBP and scheduled banks) to fill in the gap between its income and expenses in less than four months from July 1 to October 21, 2006, the State Bank of Pakistan (SBP) reported.
Published 13 Nov, 2006 12:00am
OGDC's GDRs plan indemnified: team for roadshows to leave on November 16

OGDC's GDRs plan indemnified: team for roadshows to leave on November 16

The government has indemnified the global depository receipts (GDRs) issue for Oil and Gas Development Company (OGDC), covering its officials from any possible legal action from the shareholders and, subsequently, its Board approved the transaction plan h
Published 13 Nov, 2006 12:00am
OGDC's GDRs plan indemnified: team for roadshows to leave on November 16

OGDC's GDRs plan indemnified: team for roadshows to leave on November 16

The government has indemnified the global depository receipts (GDRs) issue for Oil and Gas Development Company (OGDC), covering its officials from any possible legal action from the shareholders and, subsequently, its Board approved the transaction plan h
Published 13 Nov, 2006 12:00am
THE RUPEE: rates slip in currency market

THE RUPEE: rates slip in currency market

The rupee underwent modest fall versus dollar in both open and interbank markets last week ended on November 11. The feature of the week was handsome recovery of euro on dollar's weakness, money experts said.
Published 13 Nov, 2006 12:00am
THE RUPEE: rates slip in currency market

THE RUPEE: rates slip in currency market

The rupee underwent modest fall versus dollar in both open and interbank markets last week ended on November 11. The feature of the week was handsome recovery of euro on dollar's weakness, money experts said.
Published 13 Nov, 2006 12:00am
Bombers kill 35 recruits in Baghdad

Bombers kill 35 recruits in Baghdad

Two suicide bombers attacked a Baghdad police commando base on Sunday, killing 35 young men waiting to join the force, as Premier Nuri al-Maliki called for a cabinet reshuffle to stem the bloodshed. Another 19 people were killed in a series of bombs and s
Published 13 Nov, 2006 12:00am
Bombers kill 35 recruits in Baghdad

Bombers kill 35 recruits in Baghdad

Two suicide bombers attacked a Baghdad police commando base on Sunday, killing 35 young men waiting to join the force, as Premier Nuri al-Maliki called for a cabinet reshuffle to stem the bloodshed. Another 19 people were killed in a series of bombs and s
Published 13 Nov, 2006 12:00am
Arab League proposes new Middle East peace conference

Arab League proposes new Middle East peace conference

Arab League foreign ministers meeting in emergency session in Egypt called on Sunday for a fresh international peace conference to resolve the Arab-Israeli dispute based on the principle of land for peace.
Published 13 Nov, 2006 12:00am
Indian army against troops withdrawal from Siachen

Indian army against troops withdrawal from Siachen

India's army has warned against pulling out troops from Kashmir's disputed Siachen glacier, ahead of talks between New Delhi and Islamabad which are expected to focus on the issue.
Published 13 Nov, 2006 12:00am
Prime Minister rules out US action inside borders

Prime Minister rules out US action inside borders

Pakistan is an ally of the United States in its war on terrorism but cannot abide US strikes on militants within its borders, Prime Minister Shaukat Aziz said on Sunday.
Published 13 Nov, 2006 12:00am
Prime Minister rules out US action inside borders

Prime Minister rules out US action inside borders

Pakistan is an ally of the United States in its war on terrorism but cannot abide US strikes on militants within its borders, Prime Minister Shaukat Aziz said on Sunday.
Published 13 Nov, 2006 12:00am
Declaration signed

Declaration signed

Pakistan along with other over 100 countries signed Micro-credit Summit declaration to support in achieving the goal to reach 175 million of the world''s poorest families, especially the women, with credit for self-employment and to end poverty.
Published 13 Nov, 2006 12:00am
Declaration signed

Declaration signed

Pakistan along with other over 100 countries signed Micro-credit Summit declaration to support in achieving the goal to reach 175 million of the world's poorest families, especially the women, with credit for self-employment and to end poverty.
Published 13 Nov, 2006 12:00am
Declaration signed

Declaration signed

Pakistan along with other over 100 countries signed Micro-credit Summit declaration to support in achieving the goal to reach 175 million of the world's poorest families, especially the women, with credit for self-employment and to end poverty.
Published 13 Nov, 2006 12:00am
Jintao's visit to give new impetus to Sino-Pak friendship

Jintao's visit to give new impetus to Sino-Pak friendship

Forthcoming high-profile visit of Chinese President Hut Jintao to Islamabad will give a new impetus to evergreen Sino-Pak friendship, setting in motion many far-reaching steps and pushing forward their strategic partnership to a new height.
Published 13 Nov, 2006 12:00am
Durrani meets Shujaat

Durrani meets Shujaat

The North West Frontier Province (NWFP) Chief Minister Akram Khan Durrani met Pakistan Muslim League-Q President Chaudhry Shujaat at Lahore here on Sunday.
Published 13 Nov, 2006 12:00am
Extremist elements to be defeated: Durrani

Extremist elements to be defeated: Durrani

Information minister Mohammad Ali Durrani on Sunday said President General Pervez Musharraf enjoys full support of the masses and together they will defeat supporters of extremism and terrorism in the upcoming general elections.
Published 13 Nov, 2006 12:00am
ADB team to hold meetings with RDA officials

ADB team to hold meetings with RDA officials

A high-level delegation of Asian Development Bank (ADB) has arrived here on a seven-day visit to hold meetings with the concerned authorities and review the pace of progress on Rs 5 billion Rawalpindi Environment Improvement Project (REIP).
Published 13 Nov, 2006 12:00am
Bangladeshi Nobel laureate meets Prime Minister

Bangladeshi Nobel laureate meets Prime Minister

Prime Minister Shaukat Aziz on Sunday emphasised the need for making poverty a history. He was talking to Nobel laureate Professor Muhammad Yunus, who called on him here, on Sunday, on the sidelines of global micro-credit summit.
Published 13 Nov, 2006 12:00am
The Weather

The Weather

The weather report on Sunday (November 12, 2006) and the forecast for Monday (November 13, 2006).
Published 13 Nov, 2006 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (November 06 to 11, 2006)

Published 13 Nov, 2006 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (November 12, 2006).
Published 13 Nov, 2006 12:00am
ICBC makes modest gains

ICBC makes modest gains

Shares of the Industrial and Commercial Bank of China (ICBC) have posted modest gains two weeks after investors scrambled to get in on the world's largest ever initial public offering.
Published 13 Nov, 2006 12:00am
ICBC makes modest gains

ICBC makes modest gains

Shares of the Industrial and Commercial Bank of China (ICBC) have posted modest gains two weeks after investors scrambled to get in on the world's largest ever initial public offering.
Published 13 Nov, 2006 12:00am
Bangladesh cracks down on 'luxury' tax evaders

Bangladesh cracks down on 'luxury' tax evaders

Bangladesh's tax authority has started knocking on doors at luxury buildings and apartments, especially those rented to diplomats and donor agencies, in a bid to identify tax evaders, a senior official said on Sunday.
Published 13 Nov, 2006 12:00am
Japanese automakers to boost US production

Japanese automakers to boost US production

The top three Japanese automakers - Toyota, Nissan and Honda - wanted to increase local production in North America by a combined 30 percent by 2010, a news report said Sunday.
Published 13 Nov, 2006 12:00am
Manila to cut more 2007 offshore debt issues

Manila to cut more 2007 offshore debt issues

The Philippines has cut further its goal for overseas debt issues in 2007 to $900 million from an earlier-reduced target of $1.2 billion as it seeks more official development loans and local debt, a senior state official said.
Published 13 Nov, 2006 12:00am
'Qatar gas to reach UAE in mid-2007'

'Qatar gas to reach UAE in mid-2007'

A pipeline to carry Qatari gas to the United Arab Emirates has been completed and supplies are expected to start in mid-2007, the head of UAE's Dolphin Energy said on Sunday.
Published 13 Nov, 2006 12:00am
Eurozone figures to show continued robust growth

Eurozone figures to show continued robust growth

Economic data to be released this week are expected to highlight continued robust growth in the 12-nation eurozone, underpinned by recovering sentiment in Germany and tame inflation.
Published 13 Nov, 2006 12:00am
Foreign banks to face curbs in China

Foreign banks to face curbs in China

China is gearing up to open its financial services market in line with its WTO commitments, but analysts say the new rules are likely to fetter foreign banks' full participation in the sector.
Published 13 Nov, 2006 12:00am
PCB submits protest to ICC over security officer

PCB submits protest to ICC over security officer

Pakistan has asked the International Cricket Council (ICC) to investigate allegations made by an Indian security officer about the behaviour of Pakistani players during the Champions trophy.
Published 13 Nov, 2006 12:00am
Klitschko stops Brock to retain world title

Klitschko stops Brock to retain world title

Vladimir Klitschko of Ukraine retained the International Boxing Federation heavyweight world title on Saturday when he stopped previously unbeaten challenger Calvin Brock in the seventh round at Madison Square Garden.
Published 13 Nov, 2006 12:00am
Federer demolishes Nalbandian

Federer demolishes Nalbandian

World number one Roger Federer came from a set down to demolish defending champion David Nalbandian 3-6, 6-1, 6-1 in the opening match of the Masters Cup on Sunday.
Published 13 Nov, 2006 12:00am
Jaques lifts Ashes chances with another century

Jaques lifts Ashes chances with another century

England are becoming sick of the sight of Phil Jaques after the Australian Test opener-in-waiting's second consecutive century against the tourists playing for New South Wales here Sunday.
Published 13 Nov, 2006 12:00am
Pakistan-India at odds over 2011 final venue

Pakistan-India at odds over 2011 final venue

Pakistan Cricket Board (PCB) chairman Nasim Ashraf on Sunday dismissed India's claims that it would host the showpiece final of the 2011 World Cup. Ashraf rejected statements by the Indian board that the schedule for the World Cup matches and final had be
Published 13 Nov, 2006 12:00am
Alpine skiing: Raich and Schild share opening honours

Alpine skiing: Raich and Schild share opening honours

Sweethearts Benjamin Raich and Marlies Schild got the Alpine ski World Cup off to the perfect start at the weekend, each winning a slalom race. Double Olympic champion Raich topped the podium on Sunday, 24 hours after Schild had stood in the same spot.
Published 13 Nov, 2006 12:00am
Malik not to attend former captains seminar

Malik not to attend former captains seminar

The Pakistan Cricket Board (PCB) has overlooked former captain Salim Malik, who is serving a life ban for match-fixing, for a seminar to discuss the state of the game in the country.
Published 13 Nov, 2006 12:00am
Henin-Hardenne beats Mauresmo to Championships

Henin-Hardenne beats Mauresmo to Championships

Belgium's Justine Henin-Hardenne claimed the first WTA Championships of her career when she beat Amelie Mauresmo 6-4 6-3 in an absorbing exhibition of high-quality tennis in Sunday's final.
Published 13 Nov, 2006 12:00am
Serie A leaders Palermo equal club record

Serie A leaders Palermo equal club record

Serie A leaders Palermo racked up their fifth league win in a row when they brushed aside Torino 3-0 on Sunday. Goals by playmaker Eugenio Corini and strikers David Di Michele and Amauri gave the Sicilian side 27 points from 11 matches, three ahead of Int
Published 13 Nov, 2006 12:00am
Pakistan strive to get Shabbir bowling action cleared

Pakistan strive to get Shabbir bowling action cleared

The Pakistan Cricket Board is striving to get paceman Shabbir Ahmed's banned bowling action cleared by sending him to Australia for expert biomechanical testing, the board's chief said Sunday.
Published 13 Nov, 2006 12:00am
Ton-up Yousuf propels Pakistan in first Test

Ton-up Yousuf propels Pakistan in first Test

Stylish middle-order batsman Mohammad Yousuf hit a magnificent century to help Pakistan take command of the first Test against the West Indies at the Gaddafi stadium in Lahore on Sunday.
Published 13 Nov, 2006 12:00am
Huge bill awaits Asia for 'Iron Silk Road'

Huge bill awaits Asia for 'Iron Silk Road'

Eighteen nations have committed themselves to the huge project of integrating Asia into a single railway network - and now must find a way of footing the bill.
Published 13 Nov, 2006 12:00am
News Corp in early talks with Chinese blogs

News Corp in early talks with Chinese blogs

Rupert Murdoch's News Corp, which is looking for a local partner as it aims to launch its popular MySpace website in China, is in early talks with prominent blog companies Bokee.com and BlogCN.com, industry sources said on Sunday.
Published 13 Nov, 2006 12:00am
UAE's Dana Gas to acquire Centurion Energy

UAE's Dana Gas to acquire Centurion Energy

United Arab Emirates firm Dana Gas said on Sunday it has agreed to acquire Canada's Centurion Energy International for C$1.15 billion ($1.02 billion) to expand into the upstream gas sector.
Published 13 Nov, 2006 12:00am
HRW slams UAE's abuse of migrant workers

HRW slams UAE's abuse of migrant workers

Human Rights Watch (HRW) on Sunday slammed the United Arab Emirates' record of abuse against migrant construction workers, urging the government to keep its promise to enforce labour laws.
Published 13 Nov, 2006 12:00am
Free trade drive emerges as Asia-Pacific summit focus

Free trade drive emerges as Asia-Pacific summit focus

The drive for free trade emerged Sunday as the early focus of the annual Asia-Pacific forum as senior officials opened a week of talks in Vietnam ahead of a summit of leaders from 21 key economies.
Published 13 Nov, 2006 12:00am
'Algeria should copy Gulf business push'

'Algeria should copy Gulf business push'

Gulf Arab success in grabbing non-energy opportunities in telecoms, tourism and banking should serve as a model for Algeria as it tries to wean itself off reliance on oil and gas, a leading Algerian businessman said.
Published 13 Nov, 2006 12:00am
LSE and Mumbai exchange in tie-up talks

LSE and Mumbai exchange in tie-up talks

The London Stock Exchange has held discussions with the Bombay Stock Exchange (BSE) about a possible partnership, which could lead to the two taking shareholdings in each other, the Business magazine said.
Published 13 Nov, 2006 12:00am
Global automakers step on accelerator for India

Global automakers step on accelerator for India

France's Renault has become the latest global automaker to steer towards India as it seeks to make big inroads into one of the world's fastest-growing vehicle markets.
Published 13 Nov, 2006 12:00am
UBS, Credit Suisse stop dealings with Cuba

UBS, Credit Suisse stop dealings with Cuba

Swiss banks Credit Suisse and UBS said they have severed relations with Cuba and are not conducting any business dealings with the country. UBS said it had not had any dealings with Cuba since 2005 while Credit Suisse said it adopted a similar policy at t
Published 13 Nov, 2006 12:00am
Dubai Islamic Bank raising funds to invest $10 billion

Dubai Islamic Bank raising funds to invest $10 billion

Dubai Islamic Bank will complete the collection of initial contributions next month for a set of Islamic funds that will invest $10 billion mainly in unlisted firms, fund officials said.
Published 13 Nov, 2006 12:00am
Lemon has many more uses than making lemonade

Lemon has many more uses than making lemonade

The mind goes lemonade when one thinks of lemon, but there are many more uses of this citrus fruit besides making tasty lemonade. The lemon is a hybrid citrus tree of cultivated origin.
Published 13 Nov, 2006 12:00am
Use of polythene bags mocks official ban

Use of polythene bags mocks official ban

Despite the official ban on manufacturing, sale and use of polythene bags, these bags are extensively used all over the country including Karachi even for carrying food, meat, milk and other eatables, which shows the negligence of concerned officials to g
Published 13 Nov, 2006 12:00am
Carpets linked to adult asthma risk

Carpets linked to adult asthma risk

Being exposed to certain types of surface materials at work appears to increase adults' risk of developing asthma, a new study shows. "These findings underline the need to consider the health aspects of materials used in floor, wall, and other indoor surf
Published 13 Nov, 2006 12:00am
How medical practitioners look at dengue

How medical practitioners look at dengue

AFTER the outbreak of dengue fever in the country there is a barrage of messages and technical advice on how to defend yourself against its attack. The electronic media has taken the lead in reaching out people with horrifying tales and threatening conseq
Published 13 Nov, 2006 12:00am
HEALTH UPDATE: height linked to risk of nerve numbness

HEALTH UPDATE: height linked to risk of nerve numbness

Tall people, regardless of whether they have diabetes or not, are at increased risk for developing numbness in their feet or legs, researchers report. The condition, known as peripheral insensate neuropathy, is often a result of nerve damage from diabetes
Published 13 Nov, 2006 12:00am
HEALTH UPDATE: early diabetes leads to early heart disease

HEALTH UPDATE: early diabetes leads to early heart disease

The ever-increasing waistlines of young adults in the US have led to more and more cases of type 2 diabetes in young people - and these young people are having far too many heart attacks and strokes, new research suggests.
Published 13 Nov, 2006 12:00am
IBM seeks growth from deals big and small

IBM seeks growth from deals big and small

IBM is combining software and services to attract smaller, more-profitable tech outsourcing and consulting work even as two recent contracts signal that the era of large deals is not yet over, a senior executive said on Tuesday.
Published 13 Nov, 2006 12:00am
Microsoft sees gamers online as key to growth

Microsoft sees gamers online as key to growth

Microsoft Corp's ability to convert occasional players of online video games into regular gamers is key to growth for the next-generation Xbox 360 console, a company executive said on November 07.
Published 13 Nov, 2006 12:00am
Intel backs Web 2.0 software drive for business

Intel backs Web 2.0 software drive for business

Intel Corp has formed a partnership with top Internet software makers to create a standard set of Web tools for office workers to share information with colleagues, the companies said on November 07.
Published 13 Nov, 2006 12:00am
Intel and Micron to make flash chips in Singapore

Intel and Micron to make flash chips in Singapore

Intel Corp and Micron Technology said on November 06 that they would form a joint venture in Singapore to make flash memory chips for consumer gadgets like digital media players by the second half of 2008.
Published 13 Nov, 2006 12:00am
Microsoft to pay Novell $348 million under Linux pact

Microsoft to pay Novell $348 million under Linux pact

Software maker Novell Corp said on November 11 that Microsoft Corp will make two separate up-front payments totalling $348 million to the company under an agreement to allow Novell's open-source Linux software to work with Windows.
Published 13 Nov, 2006 12:00am
Apple says huge interest in new iPod

Apple says huge interest in new iPod

Apple Computer Inc is getting a large amount of customer interest in its new iPod Shuffle music player and is upbeat about the upcoming holiday sales season, a top executive said on Wednesday.
Published 13 Nov, 2006 12:00am
Dell to sell machines with new Intel chip

Dell to sell machines with new Intel chip

Dell Inc, the world's second-largest personal computer maker, said on Wednesday it started selling machines with microchips from Intel Corp that have four processing cores, delivering faster performance and better energy efficiency.
Published 13 Nov, 2006 12:00am
Network Appliance to buy Topio

Network Appliance to buy Topio

Network Appliance Inc on November 08 said it reached an agreement to buy privately held software maker Topio for some $160 million in cash to expand its data protection capabilities.
Published 13 Nov, 2006 12:00am
Kyocera aims for 5 percent margin in handsets

Kyocera aims for 5 percent margin in handsets

Japanese electronic parts maker Kyocera Corp said on November 08 that it aims to raise profit margins in its loss-making communications equipment segment to 5 percent next year by cutting procurement and development costs.
Published 13 Nov, 2006 12:00am
Intel to lift Vietnam investment to $1 billion

Intel to lift Vietnam investment to $1 billion

Intel Corp, the world's largest chip maker, will raise its investment in the construction of two plants in Vietnam to $1 billion from $300 million, sources familiar with the firm's plan said on November 08.
Published 13 Nov, 2006 12:00am
Computer Horizons Corporation

Computer Horizons Corporation

Technology services company Computer Horizons Corp said on November 08 that it expects to be ultimately liquidated and has agreed to sell its commercial services business to privately held TEKsystems Inc.
Published 13 Nov, 2006 12:00am
Cisco posts higher quarterly profit

Cisco posts higher quarterly profit

Leading network equipment maker Cisco Systems Inc reported a rise in fiscal first-quarter profit on November 08 as businesses upgraded their networks to handle increasing Internet traffic.
Published 13 Nov, 2006 12:00am
Cisco posts higher quarterly profit

Cisco posts higher quarterly profit

Leading network equipment maker Cisco Systems Inc reported a rise in fiscal first-quarter profit on November 08 as businesses upgraded their networks to handle increasing Internet traffic.
Published 13 Nov, 2006 12:00am
Baidu and eBay to collaborate in China

Baidu and eBay to collaborate in China

Chinese Internet search company Baidu Inc and eBay's EachNet, an e-commerce company in China, said on November 08 they had reached a collaboration deal.
Published 13 Nov, 2006 12:00am
EXIM banks to issue pan-Asian bonds

EXIM banks to issue pan-Asian bonds

Asian export-import (EXIM) banks plan to jointly issue so-called Pan-Asian EXIM bonds to gain better access to capital markets, the Japan Bank for International Co-operation (JBIC) said on November 09.
Published 13 Nov, 2006 12:00am
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