News Archives for Print - 2006-11-16

Commercial Banks: NIB BANK LIMITED - (Formerly NDLC-IFIC Bank Limited) Half Year Ended June 30, 2006 (Un-audited)

NIB Bank Limited (formerly NDLC-IFIC Bank Limited), a scheduled commercial bank, incorporated in Pakistan is listed on all the stock exchanges in the country.

Published 16 Nov, 2006 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (November 15, 2006).

Published 16 Nov, 2006 12:00am

Women Bill in accordance with Islamic injunctions: Prime Minister

Prime Minister Shaukat Aziz on Wednesday said the Women Protection Bill passed by the National Assembly (NA) was in accordance with the injunctions of Islam as no one can dare to legislate against the religion in the country.

Published 16 Nov, 2006 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (November 15, 2006).

Published 16 Nov, 2006 12:00am

Women given due rights: Musharraf

The passage of Women Protection Bill by the National Assembly has empowered the women and given them their due rights in the society as clause of Zina and its punishment in Hadood Ordinance was not in conformity with the Islamic injunctions, said Presiden

Published 16 Nov, 2006 12:00am

THE RUPEE: dollar higher in currency market

Weakness prevailed in the currency market on Wednesday as the rupee drifted lower due to strong demand for dollars, dealers said. In the open market the rupee shed two paisa versus dollar for buying at 60.70 and lost seven paisa for selling at 60.80, they

Published 16 Nov, 2006 12:00am

Women given due rights: Musharraf

The passage of Women Protection Bill by the National Assembly has empowered the women and given them their due rights in the society as clause of Zina and its punishment in Hadood Ordinance was not in conformity with the Islamic injunctions, said Presiden

Published 16 Nov, 2006 12:00am

THE RUPEE: dollar higher in currency market

Weakness prevailed in the currency market on Wednesday as the rupee drifted lower due to strong demand for dollars, dealers said. In the open market the rupee shed two paisa versus dollar for buying at 60.70 and lost seven paisa for selling at 60.80, they

Published 16 Nov, 2006 12:00am

NGOs to stage anti-Hasba Bill protest

The Alliance for Protection of Human Rights (APHR), a league of eight civil society organisations, will stage a protest demo against the passage of the Hasba Bill in front of the NWFP Assembly building at 10:00am on Thursday.

Published 16 Nov, 2006 12:00am

Commercial Banks: NIB BANK LIMITED - (Formerly NDLC-IFIC Bank Limited) Half Year Ended June 30, 2006 (Un-audited)

NIB Bank Limited (formerly NDLC-IFIC Bank Limited), a scheduled commercial bank, incorporated in Pakistan is listed on all the stock exchanges in the country.

Published 16 Nov, 2006 12:00am

Alleged murderer arrested

Rawalpindi Police have arrested one Zaheer, the alleged killer of three; Sajid Habib, his wife and his 18-month daughter in Khurram Colony, Sadiqabad.

Published 16 Nov, 2006 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Wednesday (November 15, 2006).

Published 16 Nov, 2006 12:00am

Setting up of toll plazas in Peshawar decried

The Peshawar Security Council, an organisation, has representation of traders, labour unions, political workers and social organisations of the city here on Wednesday vowed to resist the establishment of proposed toll plaza on entry points to the provinci

Published 16 Nov, 2006 12:00am

All shares index report

The sector-wise all shares index report on Wednesday (November 15, 2006).

Published 16 Nov, 2006 12:00am

Most Punjab sugar mills miss crushing deadline

The sugar mills in Punjab with an exception of one or two have missed the deadline of November 15, for the start of crushing season 2006-07. The mills owners are intentionally delaying the crushing to take it close to December when in their views sugarcan

Published 16 Nov, 2006 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (November 16, 2006).

Published 16 Nov, 2006 12:00am

Most Punjab sugar mills miss crushing deadline

The sugar mills in Punjab with an exception of one or two have missed the deadline of November 15, for the start of crushing season 2006-07. The mills owners are intentionally delaying the crushing to take it close to December when in their views sugarcan

Published 16 Nov, 2006 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (November 16, 2006).

Published 16 Nov, 2006 12:00am

Most Punjab sugar mills miss crushing deadline

The sugar mills in Punjab with an exception of one or two have missed the deadline of November 15, for the start of crushing season 2006-07. The mills owners are intentionally delaying the crushing to take it close to December when in their views sugarcan

Published 16 Nov, 2006 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (November 16, 2006).

Published 16 Nov, 2006 12:00am

Six US troops killed

Insurgents have killed six US troops in Iraq, including three US marines and a soldier in the restive western province of Al-Anbar, the military said Wednesday.

Published 16 Nov, 2006 12:00am

PSMA hints at sugar price hike

Pakistan Sugar Mills Association (PSMA) on Wednesday hinted at possible sugar price hike besides its shortage, if the government did not ensure smooth supply of sugarcane to the mills. The sugarcane farmers have not yet been in a mood and perhaps in posit

Published 16 Nov, 2006 12:00am

EMI profits spin into the red on lower music sales

British music group EMI on Wednesday announced a first-half loss of 30.6 million pounds due to falling CD sales, fewer product launches and an accounting fraud at its Brazilian business.

Published 16 Nov, 2006 12:00am

EMI profits spin into the red on lower music sales

British music group EMI on Wednesday announced a first-half loss of 30.6 million pounds due to falling CD sales, fewer product launches and an accounting fraud at its Brazilian business.

Published 16 Nov, 2006 12:00am

Japan ready to sign trade pact with Thailand

Japan is ready to sign a free trade pact with Thailand that was initiated by deposed prime minister Thaksin Shinawatra, but is awaiting the go-ahead from the new military-installed government.

Published 16 Nov, 2006 12:00am

South Korea takes new steps to curb soaring property prices

South Korea on Wednesday announced a package of measures aimed at curbing soaring home prices, focusing on supplying more apartments and restricting mortgage loans.

Published 16 Nov, 2006 12:00am

Refining margins hit OMV third quarter

Austrian oil and gas group OMV cut its full-year forecast and posted a steeper-than-expected fall in third-quarter operating profit on Wednesday, knocked by deflating refining margins and sending shares lower.

Published 16 Nov, 2006 12:00am

Refining margins hit OMV third quarter

Austrian oil and gas group OMV cut its full-year forecast and posted a steeper-than-expected fall in third-quarter operating profit on Wednesday, knocked by deflating refining margins and sending shares lower.

Published 16 Nov, 2006 12:00am

China plans to expand luxury tax

China is planning to expand a consumption tax on luxury items and adjust upward other taxes in an effort to even out income distribution and reduce poverty, state press reported Wednesday.

Published 16 Nov, 2006 12:00am

Tyco posts higher earnings, sets restructuring

Tyco International Ltd reported higher-than-expected quarterly earnings on Wednesday on strong demand in its fire and security and electronics segments and lower taxes, and the conglomerate launched a $600 million restructuring program.

Published 16 Nov, 2006 12:00am

Tyco posts higher earnings, sets restructuring

Tyco International Ltd reported higher-than-expected quarterly earnings on Wednesday on strong demand in its fire and security and electronics segments and lower taxes, and the conglomerate launched a $600 million restructuring program.

Published 16 Nov, 2006 12:00am

Oman puts question mark over Gulf currency union

Oman cast doubt on Tuesday on the timetable for monetary union in the world's biggest oil exporting region, saying for the first time that a 2010 deadline agreed by the six Gulf Arab states might not be met.

Published 16 Nov, 2006 12:00am

China claims progress in closing illegal mines

China shut at least 8,000 of its notoriously dangerous illegal mines in the past year, but tens of thousands of others continue to operate, state press on Wednesday quoted a top official as saying.

Published 16 Nov, 2006 12:00am

News Corp advertiser revenues flat

Media mogul Rupert Murdoch said Wednesday his News Corp was in a "very healthy" state despite flat advertising revenue in major newspaper markets across the globe.

Published 16 Nov, 2006 12:00am

News Corp advertiser revenues flat

Media mogul Rupert Murdoch said Wednesday his News Corp was in a "very healthy" state despite flat advertising revenue in major newspaper markets across the globe.

Published 16 Nov, 2006 12:00am

Malaysia's AirAsia eyes 60 new A320 aircraft: Fernandes

Asia's largest budget carrier AirAsia on Wednesday said it may order another 60 A320 Airbus aircraft bringing the total to 160 planes to meet a surge in passenger traffic.

Published 16 Nov, 2006 12:00am

Gates Foundation beefs up holdings with home builders

Microsoft Corp Chairman Bill Gates, through his charitable foundation, showed a strong interest in home builders despite a struggling market, reporting that the entity had taken new stakes in seven of the nation's largest home-building companies.

Published 16 Nov, 2006 12:00am

Israeli banking competition insufficient

Israel's banking regulator on Wednesday said it was unable to stop banks from sharply raising fees, saying more competition in the sector was needed. On Tuesday, Hapoalim, Israel's largest bank, raised 10 different fees by tens of percent to match similar

Published 16 Nov, 2006 12:00am

EU Commission urges code of conduct on video games

The European Commission urged European governments and industry on Wednesday to discuss a voluntary code of conduct on violent video games to protect children.

Published 16 Nov, 2006 12:00am

UK rates seen on hold

UK interest rates will likely stay on hold throughout next year after policymakers pared back their inflation forecasts, but there is still a chance of another rate rise in February if wage growth picks up, a Reuters poll shows.

Published 16 Nov, 2006 12:00am

US commerce secretary urges China to open markets

China must open its motion picture, financial services and other markets to foreign investors, US Commerce Secretary Carlos Gutierrez said on Wednesday during a visit to drum up business for US firms.

Published 16 Nov, 2006 12:00am

Opec may cut more oil in December

Opec prepared the ground on Wednesday for a further oil output cut in December, on top of its recent 1.2 million barrels per day supply curb, to check rising fuel stocks in consumer nations and shore up prices.

Published 16 Nov, 2006 12:00am

China's industrial output growth hits 22-month low

Chinese industrial output grew at its slowest annual rate for 22 months in October, the government said on Wednesday, as factories shifted down a gear in response to a concerted campaign to curb investment and credit.

Published 16 Nov, 2006 12:00am

Eurozone industrial output weaker than expected

Industrial production in the eurozone turned out weaker than expected in September, data showed, confirming a third-quarter loss of growth momentum and signalling a weaker start to the last quarter of the year.

Published 16 Nov, 2006 12:00am

Bangladesh's exports up 32 percent

Rising demand for clothing pushed the value of Bangladesh's export up by 32 percent to $950.1 million in September from a year earlier, officials of the state-run Export Promotion Bureau said on Wednesday. Export earnings were $2.47 billion in July to Sep

Published 16 Nov, 2006 12:00am

BoE soothes nerves over more interest rate hikes

British interest rates may already have peaked at 5.0 percent provided wage deals do not climb in the January pay round, the Bank of England signalled on Wednesday.

Published 16 Nov, 2006 12:00am

EU sets Microsoft deadline

The European Commission gave Microsoft little more than a week from Wednesday to comply with its landmark 2004 antitrust decision against the software giant and warned that its patience was running thin.

Published 16 Nov, 2006 12:00am

Bush and Putin give go-ahead for WTO deal

US President George W. Bush and Russian President Vladimir Putin agreed that their countries will sign a deal on Russia's bid to join the WTO this weekend, a Kremlin spokesman said, as the two leaders held talks near Moscow on Wednesday.

Published 16 Nov, 2006 12:00am

US Airways offers to buy Delta for $8 billion

US Airways Group Inc proposed a $8 billion take-over of bankrupt Delta Air Lines Inc on Wednesday after an attempt at merger talks failed earlier this fall.

Published 16 Nov, 2006 12:00am

China unveils rules for foreign banks

China on Wednesday released rules governing the operations of foreign banks once the country fully opens its doors to them in line with its WTO commitments.

Published 16 Nov, 2006 12:00am

EU overhaul of services sector faces final vote

The European Union was set to adopt watered-down rules to open its huge services industry to increased cross-border competition on Wednesday when the reform faced a final vote in the European Parliament.

Published 16 Nov, 2006 12:00am

Malaysian palm oil at two-year high

Malaysian crude palm oil futures surged 3 percent on Wednesday, to hit a fresh two-year high on the back of strong soyaoil prices and a decline in output. Dealers said lower palm oil export numbers announced by cargo surveyors failed to dampen the market

Published 16 Nov, 2006 12:00am

Tokyo rubber falls

Tokyo rubber futures fell again in trade on Wednesday as the technical trend weakened further after falls in the last two sessions. The benchmark Tokyo Commodity Exchange rubber for April delivery was trading at 204.9 yen a kg ($1.74), down 3.4 yen, or 1.

Published 16 Nov, 2006 12:00am

CBOT rice closes mixed

Chicago Board of Trade rough rice futures closed mixed on Tuesday after a lightly traded session, traders said. Quiet export business and worries about future demand for US rice keep speculative trading interest in rice light.

Published 16 Nov, 2006 12:00am

Soyabeans climb

Chicago Board of Trade soyabean futures climbed on Tuesday as the soya/corn spread adjusted some, traders said. The current price relationship between the two commodities was encouraging farmers to plant a lot more corn next spring and fewer soyabeans.

Published 16 Nov, 2006 12:00am

New York sugar futures quietly easier

Raw sugar futures settled with small losses on Tuesday due to sales by small speculators and the market appears pinned in a band for the moment although market fundamentals are decidedly bearish, brokers said.

Published 16 Nov, 2006 12:00am

Vietnamese rice trade freezes

Rice trade in Vietnam, the world's second largest exporter of the grain, slowed to a virtual halt after the government suspended exports to feed domestic demand, traders said on Wednesday. "All trades big or small immediately stopped following the Prime M

Published 16 Nov, 2006 12:00am

Shanghai copper down

Copper led industrial metals lower on Wednesday, with the futures market in China dropping as much as three percent, as metals failed to find favour among investors amid uncertainty over next year's supply and demand outlook.

Published 16 Nov, 2006 12:00am

Oil reverses light losses

Oil reversed the previous day's light losses on Wednesday as traders marked time ahead of US stockpile data expected to show oil inventories remaining well above seasonal norms amid a mild start to the northern winter.

Published 16 Nov, 2006 12:00am

Indonesian palm oil gains

Indonesian palm oil prices extended gains on Tuesday supported by strong local demand and limited stocks in the market, traders said. At the state marketing centre in Jakarta, which sells palm oil from state plantations, crude palm oil rose to 4,563 rupia

Published 16 Nov, 2006 12:00am

Malaysian tin falls

Malaysian tin closed down $61 on Wednesday, following a decline in prices on the London Metal Exchange and higher offerings, one dealer said.

Published 16 Nov, 2006 12:00am

Asian gold stuck in range

Gold was confined to a tight range on Wednesday ahead of the release of key US data, with a sell-off in base metals affecting sentiment among some investors. Platinum rebounded, having fallen around 2 percent in New York after Johnson Matthey, the world's

Published 16 Nov, 2006 12:00am

Tokyo gold rebounds

Tokyo gold futures staged a modest bounce on Wednesday, buoyed by a rally in platinum the driving force behind the previous day's across-the-board decline in precious metals.

Published 16 Nov, 2006 12:00am

US gold futures softer

US gold futures erased gains to end slightly lower on Tuesday, after the dollar clawed back some ground lost on US data showing slower economic growth and diminished inflation. Platinum fell 2.6 percent in New York.

Published 16 Nov, 2006 12:00am

Comex copper higher

Copper futures in New York ended on Tuesday with modest gains amid some short covering following the market's ability to hold above key support, but analysts cited caution as the bearish tone persisted, they said.

Published 16 Nov, 2006 12:00am

CBR reform process won't be rolled back: Abdullah

The Central Board of Revenue (CBR) has so far spent an amount of $10.61 million on the ongoing reform projects out of $149 million World Bank allocation.

Published 16 Nov, 2006 12:00am

New York cocoa futures down

US cocoa futures settled with sizeable losses on Tuesday as short-term speculators liquidated some of their long positions after origin sellers nudged prices lower in London, traders said.

Published 16 Nov, 2006 12:00am

CBR reform process won't be rolled back: Abdullah

The Central Board of Revenue (CBR) has so far spent an amount of $10.61 million on the ongoing reform projects out of $149 million World Bank allocation.

Published 16 Nov, 2006 12:00am

New York coffee rises

Arabica benchmark coffee futures ended with moderate gains on Tuesday, supported by speculative and fund buyers who saw an opportunity at the lows resulting from two days of selling, traders said.

Published 16 Nov, 2006 12:00am

CBR reform process won''t be rolled back: Abdullah

The Central Board of Revenue (CBR) has so far spent an amount of $10.61 million on the ongoing reform projects out of $149 million World Bank allocation.

Published 16 Nov, 2006 12:00am

MGE wheat up

spring wheat futures at the Minneapolis Grain Exchange closed higher on Tuesday, keeping pace with the strength in the Chicago corn market, traders said. December spring wheat settled 5 cents higher at $4.99 per bushel. March ended 7-1/2 cents up at $5.16

Published 16 Nov, 2006 12:00am

Tarin offers to buy 50 percent of Crescent Commercial Bank shares

The pioneer of consumer banking in Pakistan, Shaukat Tarin, has offered to acquire 50 percent shareholding in Crescent Commercial Bank Limited (CCBL) for Rs 2.8 billion, it is reliably learnt. The Board of Directors of CCBL is scheduled to meet on Friday

Published 16 Nov, 2006 12:00am

Hectic trading on grain market

Hectic trading was seen on the grain market on Wednesday as most of the buyers were in the market to cover their immediate requirements, dealers said.

Published 16 Nov, 2006 12:00am

Tarin offers to buy 50 percent of Crescent Commercial Bank shares

The pioneer of consumer banking in Pakistan, Shaukat Tarin, has offered to acquire 50 percent shareholding in Crescent Commercial Bank Limited (CCBL) for Rs 2.8 billion, it is reliably learnt. The Board of Directors of CCBL is scheduled to meet on Friday

Published 16 Nov, 2006 12:00am

Argentine soya prices higher

Argentine soya's closing prices and trends on Tuesday: Soya closed at 600 pesos ($194) per tonne in main grain port of Rosario, up from Monday's 584.9 pesos. Traders said prices tracked gains in influential Chicago market.

Published 16 Nov, 2006 12:00am

Tarin offers to buy 50 percent of Crescent Commercial Bank shares

The pioneer of consumer banking in Pakistan, Shaukat Tarin, has offered to acquire 50 percent shareholding in Crescent Commercial Bank Limited (CCBL) for Rs 2.8 billion, it is reliably learnt. The Board of Directors of CCBL is scheduled to meet on Friday

Published 16 Nov, 2006 12:00am

Prices remain steady on cotton market

Firm trend was seen on the cotton market on Wednesday as prices maintained the overnight levels, dealers said. The Karachi Cotton Association (KCA) official spot rate was inert at Rs 2375, without upcountry expenses.

Published 16 Nov, 2006 12:00am

Tarin offers to buy 50 percent of Crescent Commercial Bank shares

The pioneer of consumer banking in Pakistan, Shaukat Tarin, has offered to acquire 50 percent shareholding in Crescent Commercial Bank Limited (CCBL) for Rs 2.8 billion, it is reliably learnt. The Board of Directors of CCBL is scheduled to meet on Friday

Published 16 Nov, 2006 12:00am

Oil cake market rates

Futures turned upward on the forward cottonseed oil cake market on Wednesday as some needy buyers covered their immediate needs, dealers said.

Published 16 Nov, 2006 12:00am

KSE members to be briefed on new risk regime daily

The management of Karachi Stock Exchange (KSE) has decided to brief its members and employees on daily basis to clarify and respond to various queries on the new risk management regime.

Published 16 Nov, 2006 12:00am

CBOT wheat closes up two percent

Wheat futures at the Chicago Board of Trade closed higher on Tuesday, rallying from early declines in response to a surge in the corn market, traders said. CBOT December wheat settled up 9-1/2 cents, or 2 percent, at $4.86-1/2 per bushel, after trading as

Published 16 Nov, 2006 12:00am

KSE members to be briefed on new risk regime daily

The management of Karachi Stock Exchange (KSE) has decided to brief its members and employees on daily basis to clarify and respond to various queries on the new risk management regime.

Published 16 Nov, 2006 12:00am

CBOT corn leaps over four percent

Corn futures on the Chicago Board of Trade jumped more than 4 percent by the close on Tuesday, with corn bulls encouraged by outlooks for shrinking stocks of corn, traders and analysts said. CBOT corn closed unchanged to 15-1/4 cents per bushel higher, wi

Published 16 Nov, 2006 12:00am

KSE members to be briefed on new risk regime daily

The management of Karachi Stock Exchange (KSE) has decided to brief its members and employees on daily basis to clarify and respond to various queries on the new risk management regime.

Published 16 Nov, 2006 12:00am

Fesco plans to invest over $1 billion

Russia's top container shipping firm, the Far East Shipping Company (Fesco), plans to invest over $1 billion to control half of the nation's fast growing container shipments, its head told Reuters.

Published 16 Nov, 2006 12:00am

Pakistan and India agree on terror cooperation

Nuclear-armed rivals Pakistan and India announced on Wednesday they would create a panel to share intelligence on terrorism and move to cut the risk of nuclear weapon "accidents".

Published 16 Nov, 2006 12:00am

Midwest cash grain corn and soya basis mixed

Corn and soyabean spot basis bids were mixed around the US Midwest on Tuesday with only light scattered selling of both commodities reported despite a sharply higher futures market, grain merchants said.

Published 16 Nov, 2006 12:00am

Pakistan and India agree on terror cooperation

Nuclear-armed rivals Pakistan and India announced on Wednesday they would create a panel to share intelligence on terrorism and move to cut the risk of nuclear weapon "accidents".

Published 16 Nov, 2006 12:00am

FOB Gulf grain corn rises amid export demand

US FOB corn basis offers rose slightly on Tuesday as exporters looked to buy more supplies to keep up with strong export demand, while soyabeans and wheat offers held steady, traders said.

Published 16 Nov, 2006 12:00am

Auto industry development plan finalised

The government on Wednesday finalised Auto Industry Development Programme (AIDP), which offers five-year pre-announced tariff structure on CKD, CBU, and auto parts for all categories of vehicles, policy and incentives for new entrants and about liberalise

Published 16 Nov, 2006 12:00am

KCBT wheat settles higher

Hard red winter wheat futures at the Kansas City Board of Trade rallied to a higher close on Tuesday, reversing early declines with help from strength in corn futures, traders said.

Published 16 Nov, 2006 12:00am

Auto industry development plan finalised

The government on Wednesday finalised Auto Industry Development Programme (AIDP), which offers five-year pre-announced tariff structure on CKD, CBU, and auto parts for all categories of vehicles, policy and incentives for new entrants and about liberalise

Published 16 Nov, 2006 12:00am

EU wheat markets firm

Wheat prices in major European Union markets were generally firm on Wednesday helped by the two percent overnight surge in Chicago wheat, traders said.

Published 16 Nov, 2006 12:00am

Auto industry development plan finalised

The government on Wednesday finalised Auto Industry Development Programme (AIDP), which offers five-year pre-announced tariff structure on CKD, CBU, and auto parts for all categories of vehicles, policy and incentives for new entrants and about liberalise

Published 16 Nov, 2006 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 87,412 tonnes of cargo including 72,547 tonnes import, 14,865 tonnes export cargo and 2,330 containers during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 25,076 tonnes dry cargo including 25,076 tonnes

Published 16 Nov, 2006 12:00am

Direct taxes collection up 32 percent in July-October

The Central Board of Revenue (CBR) has achieved 32 percent growth in direct taxes collection and 23 percent in filing of income tax returns in the first four months (July-October) 2006-2007 against the corresponding period of 2005-2006.

Published 16 Nov, 2006 12:00am

Shipping company pays Egypt compensation for spill

The owners of a Liberian tanker impounded in Egypt for spilling oil in the Suez Canal have paid the canal authority $3.2 million in compensation, a Suez Canal Authority official said on Wednesday.

Published 16 Nov, 2006 12:00am

PSMA hints at sugar price hike

Pakistan Sugar Mills Association (PSMA) on Wednesday hinted at possible sugar price hike besides its shortage, if the government did not ensure smooth supply of sugarcane to the mills. The sugarcane farmers have not yet been in a mood and perhaps in posit

Published 16 Nov, 2006 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 Nov, 2006 12:00am

PSMA hints at sugar price hike

Pakistan Sugar Mills Association (PSMA) on Wednesday hinted at possible sugar price hike besides its shortage, if the government did not ensure smooth supply of sugarcane to the mills. The sugarcane farmers have not yet been in a mood and perhaps in posit

Published 16 Nov, 2006 12:00am

Currency	Rate
USD PKR Interbank Selling / May 12	281.63
USD PKR Interbank Buying / May 12	281.43
USD to Japanese Yen / May 12	145.91
USD to Swiss Franc / May 12	0.83
Pound Sterling to USD / May 12	1.33
Euro to USD / May 12	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
Nasdaq / May 9	17,928.92
Dow Jones / May 9	41,249.38
India Sensex / May 12	81,746.51
Tokyo Nikkei / May 12	37,643.20
Hang Seng / May 12	23,174.79
FTSE 100 / May 12	8,559.54
Germany DAX 30 / May 12	23,721.61
France CAC40 / May 12	7,802.81

Item	Value
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Petrol/Litre / May 12	252.63
Crude Oil USD/Barrel / May 12	61.81
Gold Spot USD/Ounce / May 12	3,279.94
Diesel/Litre / May 12	256.64
Cotton US¢/pound / May 12	67.45

Stock	Price
Dewan Farooque Sp. / May 12 Dewan Farooque Spinning Mills Limited(DFSM)	3.08 ▲ 0.71 (29.96%)
Equity Modaraba / May 12 First Equity Modaraba(FEM)	3.17 ▲ 0.67 (26.8%)
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	4.99 ▲ 1 (25.06%)
Cresent Jute / May 12 Crescent Jute Products Limited(CJPL)	3.18 ▲ 0.58 (22.31%)
Media Times Ltd / May 12 Media Times Limited(MDTL)	1.84 ▲ 0.33 (21.85%)
Pace (Pak) Ltd. / May 12 Pace (Pakistan) Limited(PACE)	5.38 ▲ 0.96 (21.72%)
Chenab Ltd (Pref) / May 12 Chenab Limited (Pref)(CLCPS)	2.49 ▲ 0.44 (21.46%)
Al-Shaheer Corp / May 12 Al Shaheer Corporation Limited(ASC)	5.88 ▲ 1 (20.49%)
D.S. Ind. Ltd. / May 12 D.S. Industries Limited(DSIL)	4.64 ▲ 0.74 (18.97%)
Hira Textile / May 12 Hira Textile Mills Limited(HIRAT)	3.25 ▲ 0.51 (18.61%)

Stock	Price
Reliance Weaving / May 12 Reliance Weaving Mills Limited(REWM)	98.10 ▼ -10.9 (-10%)
Apna Microfin. / May 12 Apna Microfinance Bank Limited(AMBL)	9.90 ▼ -1.05 (-9.59%)
Shams Textile / May 12 Shams Textile Mills Limited(STML)	21.50 ▼ -2 (-8.51%)
Ellcot Spinning / May 12 Ellcot Spinning Mills Limited(ELSM)	103.20 ▼ -8.99 (-8.01%)
Suhail Jute / May 12 Suhail Jute Mills Limited(SUHJ)	80.01 ▼ -6.59 (-7.61%)
Din Tex. / May 12 Din Textile Mills Limited(DINT)	47 ▼ -2.99 (-5.98%)
Paramount Mod / May 12 First Paramount Modaraba(FPRM)	6.86 ▼ -0.42 (-5.77%)
Pak Paper Prod / May 12 Pakistan Paper Products Limited(PPP)	147.01 ▼ -7.1 (-4.61%)
Sakrand Sugar / May 12 Sakrand Sugar Mills Limited(SKRS)	11.80 ▼ -0.52 (-4.22%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	43 ▼ -1.87 (-4.17%)

Stock	Volume
K-Electric Ltd. / May 12 K-Electric Limited(KEL)	113,339,802 ▲ 0.55
At-Tahur Ltd. / May 12 At-Tahur Limited(PREMA)	75,586,776 ▲ 1.38
WorldCall Telecom / May 12 Worldcall Telecom Limited(WTL)	65,777,142 ▲ 0.15
Power Cement / May 12 Power Cement Limited(POWER)	38,991,042 ▲ 1.09
Cnergyico PK / May 12 Cnergyico PK Limited(CNERGY)	33,253,495 ▲ 1
B.O.Punjab / May 12 The Bank of Punjab(BOP)	30,799,662 ▲ 1
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	23,237,026 ▲ 1
Hub Power Co. / May 12 The Hub Power Company Limited(HUBC)	21,435,724 ▲ 12.58
Pak Int.Bulk / May 12 Pakistan International Bulk Terminal(PIBTL)	14,540,297 ▲ 1
Pace (Pak) Ltd. / May 12 Pace (Pakistan) Limited(PACE)	12,178,931 ▲ 0.96

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