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Print - 2006-12-07
London sugar down

London sugar down

London sugar futures closed weaker on speculative selling against trade buying on Wednesday, and traders said the market could soon bounce higher. March settled down $6.30 at $361.20 per tonne after trading from $369.00 to $358.00.
Published 07 Dec, 2006 12:00am
Base metals decline

Base metals decline

Copper and aluminium ended with losses of over two percent on Wednesday as the market turned its focus back to global economic slowdown and falling demand, analysts said.
Published 07 Dec, 2006 12:00am
European gold falls

European gold falls

Gold dropped 1.5 percent to its lowest in one week on Wednesday as a rebound in the dollar prompted investors to liquidate positions, dealers said. Silver paused for breath after rallying to a six-month high on Tuesday, while platinum fell to a five-week
Published 07 Dec, 2006 12:00am
US MIDDAY: wheat sheds over three percent

US MIDDAY: wheat sheds over three percent

Wheat futures at the Chicago Board of Trade fell over 3 percent on Wednesday on fund long liquidation tied to profit-taking and year-end book-squaring, traders said.
Published 07 Dec, 2006 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

Chicago Board of Trade corn futures sank Wednesday on year-end profit taking after last week's surge to a 10-year high, traders said. Commodity funds hold a huge net long position in CBOT corn futures, making the market vulnerable to a sell-off.
Published 07 Dec, 2006 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

Copper futures in New York lost nearly 2 percent of their value at the open on Wednesday, following a softer tone on the London Metal Exchange after a rather calm expiry of aluminium options, analysts said.
Published 07 Dec, 2006 12:00am
US MIDDAY: soyabeans slip

US MIDDAY: soyabeans slip

The Chicago Board of Trade sobyean market fell early Wednesday on year-end profit taking, but recovered from its early lows after it slipped to a double bottom, traders said.
Published 07 Dec, 2006 12:00am
US MIDDAY: gold slumps

US MIDDAY: gold slumps

Gold fell early in New York on Wednesday, a day after it ended below $650 an ounce on a rebounding dollar, as short selling, year-end profit taking and technical trading pushed the metal lower.
Published 07 Dec, 2006 12:00am
Investment opportunities in component manufacturing sector

Investment opportunities in component manufacturing sector

The first International Foundry Congress & Exhibition is being held at Lahore. This mega event for the first time in Pakistan will bring to our industry developments in the casting industry world-wide, providing local manufacturers an opportunity to go fo
Published 07 Dec, 2006 12:00am
Safe cars - a Pakistani dream

Safe cars - a Pakistani dream

The dilemma of our country is that its leaders are quite unaware of the term 'progress' or do not have the slightest idea of the indicators of social prosperity. Most of the time our leaders claim that increased use of mobile phones, luxury cars and scarc
Published 07 Dec, 2006 12:00am
'Death spot'

'Death spot'

I want to draw the attention of KESC officials and Town Nazim of Gulshan-e-Iqbal towards the "death spot" on University Road in front of Sheikh Zaid Islamic Centre mosque where many fatal accidents have occurred, particularly in the night, due to the abse
Published 07 Dec, 2006 12:00am
Qazi's denials

Qazi's denials

Despite Qazi Hussain Ahmad's repeated denials on the issue of disagreement on resignations within MMA, the masses are not going to believe him as it is very evident from Fazalur Rehman's stance that resignation is the last option and that the last stage h
Published 07 Dec, 2006 12:00am
Widening of Shara-e-Faisal

Widening of Shara-e-Faisal

Karachi is famous for its wide roads, but due to the recent surge in the number of vehicles even Karachi roads look narrow. Take the example of a very vital and VIP road in Karachi ie Shara-e-Faisal. It is found blocked many times in a day, especially at
Published 07 Dec, 2006 12:00am
Eliminating child labour

Eliminating child labour

Speaking at a workshop held in Lahore recently as a follow-up to ILO's Global Report on Child Labour, the Federal Minister for Labour and Manpower, Ghulam Sarwar Khan, said that it was not possible for poor countries to tackle the child labour problems on
Published 07 Dec, 2006 12:00am
Balochistan policy needs to change

Balochistan policy needs to change

That government policy towards Balochistan, aimed at subjugating the militant nationalists through military force and winning the hearts and minds of the people via substantial spending on development projects, is not working, is obvious enough from the r
Published 07 Dec, 2006 12:00am
Telenor opens office in Bangkok

Telenor opens office in Bangkok

The Telenor group has opened a regional office in Bangkok, Thailand, to meet the growing needs of the Asian market. Speaking on the occasion about the significance of Telenor's presence in Asia. CEO Telenor Pakistan Tore Johnsen said.
Published 07 Dec, 2006 12:00am
Workshop on billing in telecoms sector

Workshop on billing in telecoms sector

A sound billing system is necessary for the success of any kind of business, but it needs trained people to work efficiently. As the telecom sector has recorded mushroom growth in recent years, it requires trained people and in this regard a two-day train
Published 07 Dec, 2006 12:00am
MasterCard holiday season campaign

MasterCard holiday season campaign

MasterCard World-wide, a leader in advancing global commerce, is delighted that the launch of the MasterCard Holiday Season Campaign in Pakistan has been well received by participating customer banks and cardholders alike.
Published 07 Dec, 2006 12:00am
Alcatel-Lucent begins operations

Alcatel-Lucent begins operations

Alcatel and Lucent Technologies have announced the completion of their merger and that they have begun operations as the communication solutions provider from December 1, 2006.
Published 07 Dec, 2006 12:00am
Mobile shop looted

Mobile shop looted

A mobile shop 'Mobile Hub' was looted during the night of December 05 at Dhok Kashmirian Chowk in the jurisdiction of Sadiqabad police station, but the police refused to file first information report (FIR).
Published 07 Dec, 2006 12:00am
Polish team to scale 'Killer Mountain'

Polish team to scale 'Killer Mountain'

A Polish International Expedition team has planned to climb Nanga Parbat in winter for the first time after failing in previous four attempts, and would be precursor of the Visit Pakistan Year-2007.
Published 07 Dec, 2006 12:00am
IT audit moot from December 13

IT audit moot from December 13

A three-day conference on income tax audit will be held under the auspices of Eastern Region Lahore in the provincial capital from December 13 to 15 in which income tax officials and others from all over the country will participate.
Published 07 Dec, 2006 12:00am
No compromise with present rulers: PPPP

No compromise with present rulers: PPPP

PPPP Punjab President Shah Mahmood Qureshi has said that his party would not compromise with the present rulers and will continue its struggle for the cause of democracy in the country. While addressing the members of Lahore High Court Bar Association (LH
Published 07 Dec, 2006 12:00am
Projects to check drugs deferred for fund shortage

Projects to check drugs deferred for fund shortage

The Narcotics Control Ministry has not achieved the desired results as it accomplished 53 out of 67 tasks, whereas 14 projects were deferred due to shortage of funds.
Published 07 Dec, 2006 12:00am
Khateeb served notice for delaying 'Azan'

Khateeb served notice for delaying 'Azan'

A member of Lahore High Court Bar Association (LHCBA) has served a legal notice on Khateeb of Faisal Mosque Islamabad asking him to explain as to why 'Asar Azan' was delayed during visit of British Prime Minister to the mosque.
Published 07 Dec, 2006 12:00am
PBF receives various chambers support

PBF receives various chambers support

Jhang, Sargodha and Mianwali Chambers of Commerce and Industry have extended their all-out support to Progressive Businessmen Forum (PBF), giving a clear edge to the PBF in the forthcoming FPCCI polls.
Published 07 Dec, 2006 12:00am
Tributes paid to Dr Mahmood Ahmad

Tributes paid to Dr Mahmood Ahmad

Describing the demise of Professor Dr Mahmood Ahmad as a great national loss and unbridgeable chasm in the health sector in general and medical education in particular.
Published 07 Dec, 2006 12:00am
CAA plea to car drivers

CAA plea to car drivers

The Civil Aviation Authority (CAA) has asked the general public and the officials to park their vehicles at the specified places in the premises of Allama Iqbal International airport to ensure smooth flow of traffic.
Published 07 Dec, 2006 12:00am
'UAE investment in Pakistan may reach $50 billion'

'UAE investment in Pakistan may reach $50 billion'

The United Arab Emirates' total investment in Pakistan is expected to reach $50 billion from $12 billion, making the Gulf nation the largest foreign investor in Pakistan.
Published 07 Dec, 2006 12:00am
Reforms in doctors' service structure announced

Reforms in doctors' service structure announced

Punjab Chief Minister Chaudhry Pervaiz Elahi in order to improve service structure of doctors, on Wednesday announced reformatory steps. Under the steps, 50 percent postgraduate medical officers would be promoted to the post of senior registrars and assis
Published 07 Dec, 2006 12:00am
Exporters striving to re-capture Saudi rice market

Exporters striving to re-capture Saudi rice market

Pakistani rice exporters are planning to re-capture the potential Saudi market and making a strategy to get 50 percent share of the total Saudi rice import during the current fiscal year, said a press release.
Published 07 Dec, 2006 12:00am
FIA harassment case: law officer directed to appear before court

FIA harassment case: law officer directed to appear before court

The Lahore High Court (LHC) has directed the law officer to seek instructions from quarters concerned and appear before the court on next date of hearing in a petition filed by president, Pakistan Overseas Employment Association (POEA), Engineer Syed Muha
Published 07 Dec, 2006 12:00am
Six convicted army men's petitions dismissed

Six convicted army men's petitions dismissed

The Supreme Court dismissed petitions of six convicted army officers on Wednesday on the grounds that at present, they were not under illegal detention and no order was required for their release.
Published 07 Dec, 2006 12:00am
Exporters advised to explore textile business in Ivanovo

Exporters advised to explore textile business in Ivanovo

The Ivanovo region of the Russian Federation has tremendous potential for Pakistani textile products. This was stated by Pak-Russia Business Council of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Director Farooq Afzal on return af
Published 07 Dec, 2006 12:00am
Adamjee Insurance's rating reaffirmed

Adamjee Insurance's rating reaffirmed

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has reaffirmed the insurer financial strength rating Adamjee Insurance Company Limited (AICL) at AA (Double A) with a 'stable' outlook, say a Press released issued here.
Published 07 Dec, 2006 12:00am
Adamjee Insurance's rating reaffirmed

Adamjee Insurance's rating reaffirmed

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has reaffirmed the insurer financial strength rating Adamjee Insurance Company Limited (AICL) at AA (Double A) with a 'stable' outlook, say a Press released issued here.
Published 07 Dec, 2006 12:00am
TCP finalises urea contract

TCP finalises urea contract

Trading Corporation of Pakistan (TCP) has finalised the award of contract for supply of 50,000 tons of urea from international sources at a rate of $270 per metric ton C and F.
Published 07 Dec, 2006 12:00am
Need stressed to check downtrend in LCs issuance

Need stressed to check downtrend in LCs issuance

Ahsan Aziz, chairman, International Chamber of Commerce Pakistan Banking Commission and Head of Operational Excellence, Pakistan, Standard Chartered Bank, has underlined the need for staff training to control the declining trend toward issuance of letters
Published 07 Dec, 2006 12:00am
Special team to probe into Peshawar incident

Special team to probe into Peshawar incident

Interior Minister Aftab Ahmad Khan Sherpao on Wednesday said a joint investigation team by the federal and provincial governments was being constituted to probe into the incident of alleged recovery of some explosive material from an intelligence official
Published 07 Dec, 2006 12:00am
Prime Minister directs information ministry to finalise recommendations

Prime Minister directs information ministry to finalise recommendations

The Prime Minister has directed the Information Ministry to expeditiously finalise recommendations to solve the print media problems, APNS spokesman said. Kazi Asad Abid, APNS Secretary General, has announced that on December 4, 2006 at Islamabad, Prime M
Published 07 Dec, 2006 12:00am
Hashoo Group builds 5-star hotel at Gwadar

Hashoo Group builds 5-star hotel at Gwadar

The newly constructed billion rupees five-star hotel 'Zaver Pearl' in Gwadar will generate 300 jobs besides providing facilitates to local and foreign business communities. This was stated by Hashoo Group (HG) Chairman Sadurddin Hashwani at a press confer
Published 07 Dec, 2006 12:00am
Sample testing by accredited laboratories to enhance exports

Sample testing by accredited laboratories to enhance exports

Testing of samples at accredited laboratories may result in enhancement of exports. Pakistan National Accreditation Council (PNAC), an autonomous organisation of the Ministry of Science & Technology, is providing accreditation services for testing and cal
Published 07 Dec, 2006 12:00am
EDA to replace EDB soon: Tareen

EDA to replace EDB soon: Tareen

Engineering Development Authority (EDA) is soon replacing Engineering Development Board (EDB), said Federal Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen here on Tuesday.
Published 07 Dec, 2006 12:00am
MMA wants to strengthen democracy: NWFP chief minister

MMA wants to strengthen democracy: NWFP chief minister

NWFP Chief Minister Akram Khan Durrani has said the MMA wants strengthening of democracy in the country and every decision should be taken through parliament. This he said while inaugurating the new hall of provincial assembly here on Wednesday.
Published 07 Dec, 2006 12:00am
82 percent infrastructure of SIE completed

82 percent infrastructure of SIE completed

Around 82 percent infrastructure development process including water supply, drainage facility and road network have so far been completed in Sundar Industrial Estate (SIE) costing Rs 09 billion.
Published 07 Dec, 2006 12:00am
Law in the offing extensive training to volunteers promised

Law in the offing extensive training to volunteers promised

The government is making a plan to provide training facilities to volunteers so that they may perform effectively for development of the country, Chairman of National Council of Social Welfare (NCSW), Rais Jahangir Ahmad said on Wednesday.
Published 07 Dec, 2006 12:00am
BSF launched to promote SMEs

BSF launched to promote SMEs

The Ministry of Finance has launched Business Support Fund (BSF) to promote small and medium entrepreneurs on modern and scientific lines, said David Monk Man, chief executive officer, BSF.
Published 07 Dec, 2006 12:00am
FPCCI 'B' class polls today

FPCCI 'B' class polls today

The 'B' class trade associations will elect 25 representatives for the 2007-08 FPCCI term managing committee on December 7. The voters will cast their votes at the polling stations at Karachi, Lahore, Peshawar and Islamabad from 10 am to 4 pm.
Published 07 Dec, 2006 12:00am
Efforts on to steer PIA out of crisis, PAC told

Efforts on to steer PIA out of crisis, PAC told

Defence Secretary Tariq Waseem Ghazi has admitted that Pakistan International Airline (PIA) is in the worst financial crunch but claimed the government will do everything to save the national flag carrier from an untimely crash that seems imminent at the
Published 07 Dec, 2006 12:00am
Shaukat Ali appointed chief economist in Planning Commission

Shaukat Ali appointed chief economist in Planning Commission

Dr M Shaukat Ali, a BS-21 officer of the Economists Group, presently serving as Joint Chief Economist, Planning Commission, Planning and Development Division is appointed Chief Economist, Planning Commission, Planning and Development Division with effect
Published 07 Dec, 2006 12:00am
Mehran City allotment letters distribution today

Mehran City allotment letters distribution today

Governor Sindh Ishrat-ul-Ibad would distribute the allotment letters to the affectees of Mehran City on Thursday. The allottees of the plots and bungalows in the 13 years old Mehran City would get the possession of their booked units with the efforts of N
Published 07 Dec, 2006 12:00am
National Assembly body briefed on TDAP

National Assembly body briefed on TDAP

National Assembly Standing Committee on Commerce on Wednesday was informed that Trade Development Authority of Pakistan (TDAP) would be a pro-active institution, working for the development and promotion of export to yield maximum benefits.
Published 07 Dec, 2006 12:00am
Inquiry to be held into BISE complex construction delay

Inquiry to be held into BISE complex construction delay

Provincial Minister for Education Mian Imran Masood has said government would hold inquiry into delay in construction of Rawalpindi Board of Intermediate and Secondary Education (RBISE) complex.
Published 07 Dec, 2006 12:00am
Government universities refuse to synchronise calendar year

Government universities refuse to synchronise calendar year

The public sector universities have refused to synchronise their academic calendar year throughout the country, asking the Higher Education Commission (HEC) to get it done at secondary and higher secondary schools levels, in the first place, sources told
Published 07 Dec, 2006 12:00am
14 world, Pakistani universities interlinked via video conferencing

14 world, Pakistani universities interlinked via video conferencing

Higher Education Commission (HEC) has successfully connected universities on Pakistan Education and Research Network (PERN) for interactive video conferencing with 14 countries, including major universities such as Johns Hopkins and University of Columbia
Published 07 Dec, 2006 12:00am
Moot on missing links in sustainable development

Moot on missing links in sustainable development

The Sustainable Development Policy Institute (SDPI) would hold its Ninth Sustainable Development Conference (SDC), which would be attended by a number of national and international scholars, academicians, researchers and activists both from civil society
Published 07 Dec, 2006 12:00am
USAid to continue supporting Fata projects

USAid to continue supporting Fata projects

US Ambassador to Pakistan, Ryan C Crocker has said that more than 50,000 families will benefit from Khushhali Bank programmes in Fata with support from the United States Agency for International Development (USAid).
Published 07 Dec, 2006 12:00am
MMA starts deliberations after Fazl's stance

MMA starts deliberations after Fazl's stance

Apparently faced with the trickiest question of whether or not to resign from the National Assembly, the Muttahida Majlis-i-Amal top leadership started the two-day deliberations on Wednesday.
Published 07 Dec, 2006 12:00am
Chinese furniture import inflicts losses on local manufacturers

Chinese furniture import inflicts losses on local manufacturers

Sales of locally manufactured household furniture have declined by 30 percent in spite of high time for the business while manufacturers estimate billions of rupees' losses across the country, observed market analysts on Wednesday.
Published 07 Dec, 2006 12:00am
Saudi Arabia executes two Pakistanis over drugs

Saudi Arabia executes two Pakistanis over drugs

Saudi Arabia executed a Pakistani man and woman for drug smuggling on Wednesday, taking to 31 the number of executions reported in the kingdom so far this year.
Published 07 Dec, 2006 12:00am
Saudi Arabia executes two Pakistanis over drugs

Saudi Arabia executes two Pakistanis over drugs

Saudi Arabia executed a Pakistani man and woman for drug smuggling on Wednesday, taking to 31 the number of executions reported in the kingdom so far this year.
Published 07 Dec, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (December 06, 2006) and the forecast for Thursday (December 07, 2006).
Published 07 Dec, 2006 12:00am
Government''s annual utilisation raised to Rs 250 billion

Government''s annual utilisation raised to Rs 250 billion

Chairman, Planning Commission (PC), Dr Akram Sheikh on Wednesday said the government has increased its annual utilisation which is likely to reach to Rs 250 billion during the current fiscal year as compared to Rs 200 of previous year.
Published 07 Dec, 2006 12:00am
New York Cotton Rates

New York Cotton Rates

Thursday's closing prices of New York cotton in US cents/lb.

Published 07 Dec, 2006 12:00am
Government's annual utilisation raised to Rs 250 billion

Government's annual utilisation raised to Rs 250 billion

Chairman, Planning Commission (PC), Dr Akram Sheikh on Wednesday said the government has increased its annual utilisation which is likely to reach to Rs 250 billion during the current fiscal year as compared to Rs 200 of previous year.
Published 07 Dec, 2006 12:00am
New York Cotton Rates

New York Cotton Rates

Thursday's closing prices of New York cotton in US cents/lb.

Published 07 Dec, 2006 12:00am
Government's annual utilisation raised to Rs 250 billion

Government's annual utilisation raised to Rs 250 billion

Chairman, Planning Commission (PC), Dr Akram Sheikh on Wednesday said the government has increased its annual utilisation which is likely to reach to Rs 250 billion during the current fiscal year as compared to Rs 200 of previous year.
Published 07 Dec, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (December 06, 2006).

Published 07 Dec, 2006 12:00am
Government focussing on trade and economic diplomacy: Prime Minister

Government focussing on trade and economic diplomacy: Prime Minister

Prime Minister Shaukat Aziz on Wednesday said the government was focusing on trade and economic diplomacy to get better market access abroad and was vigorously pursuing signing of Free Trade Agreements (FTAs) with a number of countries to get level playin
Published 07 Dec, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (December 06, 2006).

Published 07 Dec, 2006 12:00am
Government focussing on trade and economic diplomacy: Prime Minister

Government focussing on trade and economic diplomacy: Prime Minister

Prime Minister Shaukat Aziz on Wednesday said the government was focusing on trade and economic diplomacy to get better market access abroad and was vigorously pursuing signing of Free Trade Agreements (FTAs) with a number of countries to get level playin
Published 07 Dec, 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 07 Dec, 2006 12:00am
Government focussing on trade and economic diplomacy: Prime Minister

Government focussing on trade and economic diplomacy: Prime Minister

Prime Minister Shaukat Aziz on Wednesday said the government was focusing on trade and economic diplomacy to get better market access abroad and was vigorously pursuing signing of Free Trade Agreements (FTAs) with a number of countries to get level playin
Published 07 Dec, 2006 12:00am
Canada building intentions surge

Canada building intentions surge

The value of Canadian building permits unexpectedly surged 6.1 percent in October from September, reaching their second highest level on record, as builders planned more multifamily houses and commercial units, Statistics Canada said on Wednesday.
Published 07 Dec, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 06, 2006).

Published 07 Dec, 2006 12:00am
''Rs 50 billion investment expected in livestock''

''Rs 50 billion investment expected in livestock''

The local investors will spend over Rs 50 billion in livestock and meat production business. "The production and processing of milk and meat in the country will show a quantum jump after this investment," Secretary Minfal, Ismail Qureshi told Business
Published 07 Dec, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (December 06, 2006) and for Thursday (December 07, 2006).
Published 07 Dec, 2006 12:00am
'Rs 50 billion investment expected in livestock'

'Rs 50 billion investment expected in livestock'

The local investors will spend over Rs 50 billion in livestock and meat production business. "The production and processing of milk and meat in the country will show a quantum jump after this investment," Secretary Minfal, Ismail Qureshi told Business
Published 07 Dec, 2006 12:00am
'Rs 50 billion investment expected in livestock'

'Rs 50 billion investment expected in livestock'

The local investors will spend over Rs 50 billion in livestock and meat production business. "The production and processing of milk and meat in the country will show a quantum jump after this investment," Secretary Minfal, Ismail Qureshi told Business
Published 07 Dec, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, December 07, 2006

Published 07 Dec, 2006 12:00am
Philippine Air may buy Boeing planes worth $1.5 billion

Philippine Air may buy Boeing planes worth $1.5 billion

Philippine Airlines (PAL) will buy up to six Boeing 777-300ER planes for $1.5 billion, the airline's president said on Wednesday. President Jaime Bautista told reporters the company had signed a firm order for two planes for delivery in 2010 and that the
Published 07 Dec, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, December 07, 2006

Published 07 Dec, 2006 12:00am
Aptpma slams government for increasing gas price

Aptpma slams government for increasing gas price

Whereas the government has agreed in principle with the stance of export-oriented industries for rationalising the gas prices and adopting other corrective measures, its indifference towards implementation of these measures has subjected industries to unt
Published 07 Dec, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, December 07, 2006

Published 07 Dec, 2006 12:00am