News Archives for Print - 2006-11-23

Print - 2006-11-23

Jakarta stocks at new record finish

Indonesian share prices rose 1.43 percent to close at a new record finish on Wednesday, on the back of buying in blue chip stocks by foreign investors, dealers said.

Published 23 Nov, 2006 12:00am

Swiss franc up ahead of US holiday

The Swiss franc was slightly stronger against the dollar in early trade on Wednesday as traders clear their long positions in the US currency ahead of a holiday in the world's biggest economy.

Published 23 Nov, 2006 12:00am

Yuan rises as central bank swap nears maturity

The yuan rose near its post-revaluation high against the dollar on Wednesday as dealers speculated the central bank might permit some yuan strength before the maturity of its first dollar-yuan swap deal.

Published 23 Nov, 2006 12:00am

Dollar falls as positions tweaked

The dollar fell against major currencies in thin trade on Wednesday as some dealers and speculators closed long dollar positions ahead of holidays in Japan and the United States. Japanese exporters sold the dollar on wariness about its downside risks, suc

Published 23 Nov, 2006 12:00am

Dollar edges lower in thin trading

The dollar edged lower on Tuesday in light, mostly technical trading in the absence of key US economic data, but traders kept an eye on the yen after it weakened the previous day. Volume was thin ahead of the US Thanksgiving holiday on Thursday.

Published 23 Nov, 2006 12:00am

Hong Kong dollar stable in late trade

The Hong Kong dollar barely moved on Wednesday although it was supported by solid fund inflows as the stock market hit a record high and funds accumulated for share offerings. The Hong Kong currency was trading at 7.7866/67 to the US dollar compared with

Published 23 Nov, 2006 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 70.20/72.95 (previous 70.00/72.95). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).

Published 23 Nov, 2006 12:00am

Asian currencies pushed up

Most Asian currencies nudged higher on Wednesday, lifted by strong gains in equity markets and a rally in the yen, but familiar trading ranges remained. Equity markets in Taiwan and South Korea rose to six-month highs, while India's main 30-share index hi

Published 23 Nov, 2006 12:00am

Uzbekistan withdraw from Hopman Cup

Uzbekistan have pulled out of the inaugural Asian Hopman Cup to focus on the Asian Games, the organisers said on Wednesday. Philippines have replaced them in the six-nation mixed team event starting on Thursday whose winners qualify for the Hopman Cup to

Published 23 Nov, 2006 12:00am

Brazil retain top spot in FIFA rankings

Brazil have extended their lead over world champions Italy at the top of the latest FIFA rankings while Nigeria have broken into the top 10 at the expense of Spain.

Published 23 Nov, 2006 12:00am

Australian claim coaches are being lured to Britain

Australian tennis officials have accused their British counterparts of trying to lure their top coaching staff using financial enticements. Tennis Australia's director of player development, Craig Tiley, was reported as saying four members of their federa

Published 23 Nov, 2006 12:00am

Australia versus England statistics

Statistics of all cricket matches played by Australia and England. The sides meet in the first Ashes test at the Gabba starting on Thursday.

Published 23 Nov, 2006 12:00am

Excitement mounts on eve of Ashes opener

Cricket's greatest rivals will renew hostilities on Thursday when Australia and England lock horns at the Gabba in the opening test of the most eagerly-anticipated Ashes series in generations.

Published 23 Nov, 2006 12:00am

Pakistan fight back after Lara's double ton

Imran Farhat and Mohammad Yousuf led Pakistan's efforts to avoid defeat in the second cricket Test Wednesday after West Indian captain Brian Lara hit an epic double century at Multan stadium.

Published 23 Nov, 2006 12:00am

Merkel mulls German push for EU-US trade zone

Chancellor Angela Merkel is considering pushing for a transatlantic free trade zone when Germany takes on the European Union presidency next year. "We want to start considering a common market between Europe and America," Merkel told Bild newspaper on Wed

Published 23 Nov, 2006 12:00am

Wealthy magnate in tight race for Ecuador presidency

Ecuador's wealthiest tycoon and a leftist former finance minister were locked in a tight race before Sunday's run-off election to decide who will become the unstable country's eighth president in a decade.

Published 23 Nov, 2006 12:00am

Violent games blamed for German school attack

Leading German lawmakers demanded a crackdown on violent computer and simulated war games on Tuesday over concerns that they may have helped inspire a young man to attack his former school with guns and explosives.

Published 23 Nov, 2006 12:00am

Saudi court to rule on reluctantly divorced couple

A Saudi appeals court is set to rule within days in the case of a couple forced to divorce against their will because of arcane tribal custom, a lawyer said on Tuesday.

Published 23 Nov, 2006 12:00am

Nepal wakes up to new era of peace and hope

Nepalis woke on Wednesday to the promise of peace and an end to a decade of civil war, kidnappings, murders and fear, seven months after mass street protests overturned royal rule.

Published 23 Nov, 2006 12:00am

Dutch centre-right battles to keep power

The Dutch centre-right coalition battled to hold on to power in an election on Wednesday against leftist rivals who could water down pro-business policies and be more conciliatory on immigration.

Published 23 Nov, 2006 12:00am

Taliban vow fresh offensive

The Taliban are plotting a fresh offensive against foreign troops in Afghanistan when the bitter winter ends early next year, a top Taliban commander said on Wednesday. The Taliban have this year unleashed the worst violence against the Afghan government

Published 23 Nov, 2006 12:00am

UN watchdog nations poised to freeze Iran atom aid

Most Western and developing nations in the UN nuclear watchdog tentatively agreed on Wednesday to shelve Iran's request for aid to a nuclear project over fears it could yield bomb-grade plutonium, diplomats said.

Published 23 Nov, 2006 12:00am

Israel's cabinet approves more Gaza operations

Israel's security cabinet on Wednesday agreed to press on with military raids and "targeted killings" in Gaza but did not order a large-scale assault in response to a wave of Palestinian rocket attacks. A government statement said the security forces had

Published 23 Nov, 2006 12:00am

Nigerian gunmen kidnap seven oil workers

Gunmen in speed boats kidnapped seven foreign oil workers in a raid on an Italian oil production vessel off the Nigerian coast on Wednesday, authorities said. Italian oil company Eni closed down its 50,000 barrels-a-day Okono/Okpoho oilfield as a result o

Published 23 Nov, 2006 12:00am

UK may hand Basra to Iraqi forces in early 2007

Britain said on Wednesday it could hand back Basra province to Iraqi control early next year, for the first time putting a date on a major step towards reducing its presence in the country.

Published 23 Nov, 2006 12:00am

EU and Africa seek ways to cut illegal migration

European and African nations sought on Wednesday to strengthen co-operation to stop a flood of illegal migration and narrow a wealth divide that has turned Europe in the eyes of poor Africans a promised land.

Published 23 Nov, 2006 12:00am

Beijing not seeking selfish gains in South Asia: Hu

Chinese President Hu Jintao said on Wednesday Beijing was not seeking "selfish gains" in South Asia and was willing to work with New Delhi to push for an early settlement to a decades-old border dispute.

Published 23 Nov, 2006 12:00am

Bush and Maliki to meet in Jordan, Iraqi deaths hit new high

US President George W. Bush will meet Iraqi Prime Minister Nuri al-Maliki in Jordan next week with grim new statistics showing record numbers of Iraqis were killed last month and many more fled the country. A UN report put civilian deaths in October at 3,

Published 23 Nov, 2006 12:00am

Hopes fade for 15 miners trapped in Polish mine

Hopes of saving 15 miners trapped for more than 24 hours in a Polish coal mine faded on Wednesday after life-threatening conditions forced rescue crews to suspend work. At least eight miners were killed by a methane explosion on Tuesday.

Published 23 Nov, 2006 12:00am

Mourners pay tribute to slain Lebanon minister

Hundreds of Lebanese mourners pressed on Wednesday to touch the coffin of minister Pierre Gemayel whose assassination, blamed by his allies on Syria, stoked fears of more killings and a surge in factional violence.

Published 23 Nov, 2006 12:00am

Indian rupee higher

The Indian rupee closed at its highest in more than a week on Wednesday as the local currency gained in anticipation of large dollar inflows from a software company, but suspected central bank intervention curbed gains.

Published 23 Nov, 2006 12:00am

Sterling rallies against dollar

Sterling rallied against the dollar on Wednesday, as the greenback's steep decline against all major currencies overshadowed the release of minutes from the Bank of England's last policy meeting.

Published 23 Nov, 2006 12:00am

Dollar slips broadly in London

The dollar hit a two-week low against the yen and slipped broadly on Wednesday as investors took profit on their carry trades where they had sold low-yielding currencies.

Published 23 Nov, 2006 12:00am

Blackstone report hits Telecom Italia credit

The cost of insuring Telecom Italia's debt against default rose on Wednesday, and its bonds fell, on a report that private equity giant Blackstone might be interested in taking a minority stake.

Published 23 Nov, 2006 12:00am

Blackstone report hits Telecom Italia credit

The cost of insuring Telecom Italia's debt against default rose on Wednesday, and its bonds fell, on a report that private equity giant Blackstone might be interested in taking a minority stake.

Published 23 Nov, 2006 12:00am

Chinese stock index flat

Chinese benchmark stock index ended little changed on Wednesday but trade was volatile as waves of profit-taking hit the market, while turnover swelled to the highest level since mid-July. Sectors that had been leading the rally, such as banks, saw heavy

Published 23 Nov, 2006 12:00am

Wednesday's late afternoon trade: US technology stocks climb

US technology stocks climbed on Wednesday, helped by a strong earnings report from personal computer maker Dell Inc, but the Dow was little changed as a drop in oil prices hit energy shares and financier Kirk Kerkorian cut his stake in General Motors Corp

Published 23 Nov, 2006 12:00am

Seoul shares climb

Seoul shares rose on Wednesday to their highest close in more than six months, approaching a record high, as chip makers such as Samsung Electronics gained after US computer maker Dell's earnings beat expectations.

Published 23 Nov, 2006 12:00am

Closing stock market indices

Here is how major stock markets outside the United States ended on Wednesday.

Published 23 Nov, 2006 12:00am

UK's top share index slides with oil prices

Britain's FTSE 100 index turned sharply lower on Wednesday, reversing earlier gains as some heavyweights lost the right to dividends and crude oil prices crashed.

Published 23 Nov, 2006 12:00am

Egypt GASC buys US and French wheat

Egypt's main government wheat buyer said on Wednesday it had bought 180,000 tonnes of US and French wheat for shipment from December 21-31. Said el-Hefny, vice chairman of the General Authority for Supply Commodities (GASC), gave the following breakdown o

Published 23 Nov, 2006 12:00am

Africa to raise coffee output

Africa's main coffee producing nations hope to increase their output to 23.5 million 60-kg bags by 2012 from 13.5 million bags currently and redeem the continent's share of the international market.

Published 23 Nov, 2006 12:00am

Indian sugar miller sees export ban lifted soon

India's top sugar miller S.L. Jain said on Wednesday he expected India's sugar export ban to be lifted within two weeks. Asked by Reuters on the sidelines of the International Sugar Organisation (ISO) seminar when he expected the ban to be lifted, he said

Published 23 Nov, 2006 12:00am

Oil falls after big rise in US crude stocks

Oil fell on Wednesday after a weekly US government report showed a surprising rise in crude stockpiles heading into peak winter demand. US crude settled 93 cents lower at $59.24 a barrel, while London Brent lost 90 cents to settle at $59.49 a barrel.

Published 23 Nov, 2006 12:00am

US soya rust now in 269 counties

The United States is seven counties away from doubling last year's soyarust total after a new case was reported on Wednesday in Mississippi, the Agriculture Department said on its rust-monitoring Web site.

Published 23 Nov, 2006 12:00am

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

Published 23 Nov, 2006 12:00am

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

Published 23 Nov, 2006 12:00am

New York cotton ends higher

Cotton futures finished firmer Wednesday due to combined trade and speculative buying as players covered short positions in front of a long holiday break, brokers said. The cotton market will be closed Thursday and Friday for Thanksgiving. Trading reopens

Published 23 Nov, 2006 12:00am

London sugar lower

London white sugar futures closed slightly lower on Wednesday, weakened by arbitrage selling with business also featuring booksquaring ahead of the upcoming US holiday, dealers said.

Published 23 Nov, 2006 12:00am

Copper ends down

Copper ended lower at the London Metal Exchange on Wednesday with sentiment dampened after sluggish US data, but zinc bucked the trend to close higher.

Published 23 Nov, 2006 12:00am

Platinum tumbles

Platinum fell seven percent on Wednesday as profit-taking continued after the metal spiked to a record high the previous day on talk of an exchange-traded fund.

Published 23 Nov, 2006 12:00am

US MIDDAY: sugar softer

Raw sugar futures closed marginally easier Wednesday on speculative sales in a market becalmed by the fact most players went home early due to the longest holiday break of the year, brokers said.

Published 23 Nov, 2006 12:00am

US MIDDAY: wheat mostly firm

Wheat futures on the Chicago Board of Trade were higher at midmorning on Wednesday as technical buying offset spillover pressure from declines in corn, traders said.

Published 23 Nov, 2006 12:00am

US MIDDAY: corn down

Corn futures on the Chicago Board of Trade turned mostly lower on Wednesday on scattered profit-taking in thin dealings, traders said. Corn futures held firm at the open with the futures market influenced by exercising of corn calls in the options pit but

Published 23 Nov, 2006 12:00am

US MIDDAY: copper rises

Copper futures in New York extended their weekly gains at the open on Wednesday, tracking the strength in overseas markets and prompting traders to cover their short positions heading into the extended holiday break, sources said.

Published 23 Nov, 2006 12:00am

US MIDDAY: soyabeans slip

The Chicago Board of Trade soyabean market was choppy during a shortened session on Wednesday ahead of the US Thanksgiving Day holiday. The exchange was closing early on Wednesday, at noon CST, ahead of the holiday on Thursday. CBOT markets will also clos

Published 23 Nov, 2006 12:00am

US MIDDAY: platinum slumps, gold inches up

Platinum futures slid more than 6 percent early Wednesday, driven by heavy selling related to talk of an exchange-traded fund and profit taking ahead of a US holiday. Sharply lower lease rates and active over-the-counter options trading also pushed platin

Published 23 Nov, 2006 12:00am

Partly Facetious: politicians' faces and their expressions

"I thought he was being a bit dramatic."

Published 23 Nov, 2006 12:00am

32 projects approved under CCB in Sialkot district

Sialkot district government has approved as many as 32 different projects, costing Rs 50 million, under the Citizen Community Board (CCB), and development work on these projects would be initiated shortly in various parts of Sialkot district, disclosed Si

Published 23 Nov, 2006 12:00am

Japan gives $1 million to support private sector

Japan Special Fund has provided one million-dollar for supporting the private participation in infrastructure (PPI) programme. The government has started to address remaining policy constraints to private participation in infrastructure programme in key s

Published 23 Nov, 2006 12:00am

Asian Bank provides $0.1 million to prepare agriculture strategy

Asian Development Bank (ADB) has provided 100,000 dollars as supplementary technical assistance, which is intended to fund a stock-taking workshop for preparation of National Agriculture Strategy.

Published 23 Nov, 2006 12:00am

Punjab plans to develop SME industries

The Punjab government has initiated an action plan for the development of small and medium enterprise (SME) industries for ensuring strong industrial base in major towns, including Sialkot. Sources told Business Recorder here on Wednesday that the

Published 23 Nov, 2006 12:00am

Political pollution

Irrelevant chalking, political slogans, detestable advertisement and adhesive posters on city's walls, bridges, and polls are really stains on the social and cultural values of this city, which are also discoloring its beauty.

Published 23 Nov, 2006 12:00am

Free at last

Thanks to the President for sparing Mirza Tahir Hussein's life. And hats off to the family, friends, supporters and well-wishers of Tahir who never lost hope even during the darkest hours of their 18 years long vigil.

Published 23 Nov, 2006 12:00am

Women Bill: a plea

The National Assembly has passed Protection of Women (Criminal Laws Amendment) Bill which according to Ulema, is repugnant to Islamic laws on the subject. The ruling parties claim it to be in conformity with Islam.

Published 23 Nov, 2006 12:00am

Islamic radicals accused of working on street gangs for recruits in Britain?

There are growing signs that radical Islamist groups are turning to British street gangs for at least some new recruits, according to a senior police officer and youth workers.

Published 23 Nov, 2006 12:00am

Kurdish guerrillas debate democracy in northern Iraq

The early morning chill had yet to leave the stone hut deep in northern Iraq's Qandil mountains as the guerrillas of the Kurdistan Workers Party gathered for their morning discussion on politics.

Published 23 Nov, 2006 12:00am

Should financial sector regulators be independent?-I

In nearly every major financial crisis of the past decade - from East Asia to Russia, Turkey, and Latin America - political interference in financial sector regulation helped make a bad situation worse.

Published 23 Nov, 2006 12:00am

Ensuring safety standards at CNG stations

That all is not well with the functioning of the compressed natural gas outlets in the country should become evident from a Recorder Report appearing on November 14. Quoting Malik Khuda Buksh, Chairman of CNG Station Owners Association of Pakistan

Published 23 Nov, 2006 12:00am

Power tariff issue

The World Bank is again reported to have asked the Government of Pakistan to announce, without further delay, separate electricity tariffs for different power distribution companies. Such a step, according to the Bank, would make the power companies self-

Published 23 Nov, 2006 12:00am

Punjab University arranges special lecture

Punjab University's Political Science Department has arranged a special lecture on "Introduction to Research Methodology" here on Wednesday. Punjab University Vice Chancellor Arshad Mahmood was the chief guest.

Published 23 Nov, 2006 12:00am

Petition adjourned

The Lahore High Court (LHC) on Wednesday adjourned till last week of December, the proceedings in a petition filed against the allotment of agricultural land to high military officials as law officer did not appear before the court.

Published 23 Nov, 2006 12:00am

'Rolls-Royce Phantom' debuts in Pakistan

Rolls-Royce Motor Cars on Wednesday opened its first showroom in Pakistan at Lahore and announced to establish its outlets also in Karachi and Islamabad. Dewan Motors has been appointed as an exclusive representative of the motorcar company in Pakistan.

Published 23 Nov, 2006 12:00am

PPPP meeting today

A meeting of allied wings of Pakistan Peoples Party Parliamentarian (PPPP) Punjab would be held at party's Faisal Town office on Thursday. Makhdoom Shah Mahmood Quershi President of Punjab chapter of the party will preside the meeting.

Published 23 Nov, 2006 12:00am

Over 6000 students visit British Council's education exposition

More than 6000 students visited the British Council's Education UK exhibition here on Wednesday; which featured representatives of as many as 57 universities from leading academic institutions in the UK.

Published 23 Nov, 2006 12:00am

Construction of main bazaar of Gari Shahu completed

Carpeting and construction of Main Bazaar of Gari Shahu Bazaar has been completed in a short span of two months at a cost of Rs 5.9 million and ready for inauguration. On this project, 1200 Sq feet area has been covered for construction while fancy lights

Published 23 Nov, 2006 12:00am

LHC disposes of petition

The Lahore High Court (LHC) on Wednesday disposed of a petition filed by head of Khaksar Tehrik, when government allowed him to hold a public meeting at Minar-e-Pakistan on November 27 instead of November 26.

Published 23 Nov, 2006 12:00am

Shafqat appointed Punjab-Jaingsu chamber chief coordinator

Punjab Economic Forum (PEF) on Wednesday appointed the former Lahore Chamber of Commerce and Industry (LCCI) President Mian Shafqat Ali as Chief Coordinator for joint Punjab-Jaingsu Chamber of Commerce and Industry.

Published 23 Nov, 2006 12:00am

Function for special children

An awareness, fun and food programme for the special children will be organised at a local hotel here on December 13. The programme for the physically handicapped, mentally retarded, deaf, dumb and blind children is being hosted by Karachi-based prominent

Published 23 Nov, 2006 12:00am

Government for model Islamic society in country: minister

The government is making all out efforts to create sectarian harmony and promotion of Islamic values in the country, said Punjab Auqaf Minister Syed Saeedul Hassan while talking to a delegation of Ulema here on Wednesday.

Published 23 Nov, 2006 12:00am

'One-dollar shop' to prove big foreign exchange earners: minister

The seminars held under the "One dollar shop" programme for the business sector have proved very successful, with many small entrepreneurs developing one-dollar products that are sure to find a place in the international market.

Published 23 Nov, 2006 12:00am

NWFP to observe Anti-Corruption Week from December 4

The National Accountability Bureau (NAB) is planning to observe December 9, 2006 as International Anti-Corruption Day to build up awareness and inculcate habit of prevention of corruption in the government functionaries, public and young generation.

Published 23 Nov, 2006 12:00am

NWFP Assembly body proposes purchase of private vehicles for officials

To prevent and control over the misuse of official vehicles the NWFP Assembly Standing Committee on Department of Establishment and General Administration has called for provision of financial assistance to government officials for the purchase of persona

Published 23 Nov, 2006 12:00am

Search and rescue team to be formed soon: Nasreen

City Naib Nazim Nasreen Jalil said on Wednesday the CDGK in collaboration with the federal government would soon constitute a search and rescue team in the metropolis.

Published 23 Nov, 2006 12:00am

Indus Motor welcomes dialogue on auto industry plan

While responding to the journalists during the inauguration of Makro-Habib in Karachi, Ali S. Habib, Chairman, Indus Motor Company (IMC), welcomed the initiative for starting a dialogue between the industry and the EDB to develop a long-term auto policy.

Published 23 Nov, 2006 12:00am

'Banks reluctant to finance infrastructure projects'

Banks are reluctant to provide financing for infrastructure projects, which have long gestation period, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Chaudhry Muhammad Saeed said on Tuesday.

Published 23 Nov, 2006 12:00am

'Hospital administration needs to be proactive and realistic'

Experts inaugurating a workshop on health administration have stressed the need for managers to be proactive and make realistic use of the limited resources the local context.

Published 23 Nov, 2006 12:00am

French textile body plans two seminars

The French Textile Machinery Manufacturers Association (UCMTF) is organising two seminars, in Karachi on November 28 and in Lahore on November 30 to help Pakistani textile industry take up the challenges of globalisation in domestic as well as the foreign

Published 23 Nov, 2006 12:00am

Hu's visit to open new avenues for investment

The visit of Chinese President Hu Jintao would open new avenues for enhancing investment and trade between Pakistan and China. Secretary General All Pakistan China Friendship Association (APCFA) Mumtaz Hussain Shah told PTV that Pakistan is window and tra

Published 23 Nov, 2006 12:00am

Azee Securities new branch set up

A new branch office of Azee Securities has been established in Islamabad, says a press release. A representative of the company disclosed that previously no facilities of stock market were available to the residents of Islamabad and Rawalpindi but now the

Published 23 Nov, 2006 12:00am

Azee Securities new branch set up

Published 23 Nov, 2006 12:00am

Rs six million worth gold recovered

The Pakistan Customs intercepted a person and recovered gold worth Rs 6 million at Jinnah Terminal on late Tuesday night. A Customs official told Business Recorder that the staff of Preventive Collectorate had intercepted a person, Abdul Rehman, wh

Published 23 Nov, 2006 12:00am

Sindh education department asked to hire college teachers

Sindh Education Department has been directed to fill the vacant positions of college teachers on two-year contract basis. Dr Hamida Khuhro, Sindh Education Minster has directed the department to take immediate steps to fill the vacant budgeted positions o

Published 23 Nov, 2006 12:00am

'Women have high status, freedom in country'

Chairperson Social Services Board Punjab, Saba Sadiq has said that Pakistani women are more secure and powerful today and the signature of a woman on the national currency notes is the proof of the fact that the women have high positions and full freedom

Published 23 Nov, 2006 12:00am

PPCBL announces profit rates

The Punjab Provincial Co-operative Bank Limited (PPCBL) has announced profit rate under its fixed deposit scheme, according to which general public will get profit at the rate of eight percent on their deposits fixed for a period of five-year while widows

Published 23 Nov, 2006 12:00am

PPCBL announces profit rates

Published 23 Nov, 2006 12:00am

NWFP government and SCCI to raise industries problems with Centre

The President of Sarhad Chamber of Commerce & Industry (SCCI) and NWFP Industries Secretary Abdul Khaliq in a meeting here at the Chamber House on Wednesday agreed to maintain close relations for raising problems and difficulties in the industrial sector

Published 23 Nov, 2006 12:00am

CDC told to release scrips from CFS blocked accounts

The Securities and Exchange Commission of Pakistan has directed the Central Depository Company (CDC) to allow release/movement of Securities financed through Continuous Funding System (CFS) from CFS blocked accounts of account holders on receipt of intima

Published 23 Nov, 2006 12:00am

'Pakistan pursuing reforms particularly in seminary'

Pakistan has assured UN's Counter Terrorism Committee Executive Directorate (CTED) of laying anti-money laundering bill before the Parliament before the end of this year to comply with its global anti-terrorism strategy.

Published 23 Nov, 2006 12:00am

A/A-2 ratings assigned to Wateen Telecom

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has assigned initial medium to long-term and short-term entity credit ratings of 'A' (Single A) and A-2 (A tow) respectively to Wateen Telecom (Pvt) Ltd (Wateen Telecom). The outlook on the medium to long-term rating

Published 23 Nov, 2006 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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