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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-01-06
Yuan rises versus dollar

Yuan rises versus dollar

The yuan strengthened against the dollar late on Friday in line with other major Asian currencies, but trading remained sluggish after the new year holiday. The People's Bank of China set the yuan's mid-point at 7.8097, much weaker than 7.8073 on Thursday
Published 06 Jan, 2007 12:00am
Thales clears key hurdle in satellite deal

Thales clears key hurdle in satellite deal

Defence firm Thales won shareholder backing on Friday for a 1.7 billion euro ($2.24 billion) deal to absorb Alcatel-Lucent's space and transport activities as it expands into railways, satellites and warships.
Published 06 Jan, 2007 12:00am
EU urges US to seize opportunity for Doha deal

EU urges US to seize opportunity for Doha deal

The European Union urged US President George W. Bush and the new Democrat-dominated Congress on Friday to show leadership in reviving the Doha trade round, saying there were now the makings of a deal.
Published 06 Jan, 2007 12:00am
Taiwan shares fall on bad loan concerns

Taiwan shares fall on bad loan concerns

Taiwan share prices closed 1.25 percent lower on Friday as technical gains triggered by Wall Street's mild overnight bounce wobbled amid creditor banks' anxiety over restructuring plans sought by two Taiwanese companies, dealers said.
Published 06 Jan, 2007 12:00am
Singapore shares soar

Singapore shares soar

Singapore share prices closed 0.17 percent higher on Friday after late buying in selected large caps helped the market shrug off early listlessness, dealers said. They said investors pocketed gains earlier in the day from the market's recent bull run.
Published 06 Jan, 2007 12:00am
Hong Kong shares close higher

Hong Kong shares close higher

Hong Kong share prices closed 0.93 percent higher on Friday in volatile trade as a strong rebound in property stocks helped the market reverse early losses driven by extended profit-taking, dealers said.
Published 06 Jan, 2007 12:00am
US indexes rally as Intel lifts techs

US indexes rally as Intel lifts techs

US stocks rose on Thursday, driving the Nasdaq up more than 1 percent, as technology and biotech stocks gained after positive analyst comments and a drop in oil prices below $56 a barrel increased optimism about corporate profits.
Published 06 Jan, 2007 12:00am
US Treasury prices rise

US Treasury prices rise

US government bond prices rose on Thursday as traders used slightly weaker-than-expected economic data as an excuse to return to a market that was battered last month by signs of a resilient economy. Some price strength was also attributed to traders seiz
Published 06 Jan, 2007 12:00am
US Treasury prices rise

US Treasury prices rise

US government bond prices rose on Thursday as traders used slightly weaker-than-expected economic data as an excuse to return to a market that was battered last month by signs of a resilient economy. Some price strength was also attributed to traders seiz
Published 06 Jan, 2007 12:00am
Malaysian shares jump

Malaysian shares jump

Malaysian share prices closed 0.20 percent higher on Friday due to buying interest in blue chips and plantations stocks, dealers said. They said blue chips were picked up on expectations that the market will extend its gains next week while plantation sto
Published 06 Jan, 2007 12:00am
Jakarta stocks surge

Jakarta stocks surge

Indonesian share prices closed 0.46 percent higher on Friday on a technical rebound, supported by gains in some lower liners, dealers said. However, the upside was capped by further profit-taking in large caps including Perusahaan Gas Negara, Indosat and
Published 06 Jan, 2007 12:00am
Thai share prices drop

Thai share prices drop

Thai share prices sank by 3.09 percent on Friday, capping a week of losses as worries over local politics intensified amid government warnings of more bombings and rumours of another coup, dealers said. They said blue chip stocks fell across the board ami
Published 06 Jan, 2007 12:00am
Nikkei books biggest one-day fall in six weeks

Nikkei books biggest one-day fall in six weeks

The Nikkei share average booked its largest one-day percentage fall in six weeks on Friday, dropping 1.51 percent as investors took profits in Honda Motor Co Ltd, steel firms and others that logged aggressive gains in a year-end rally.
Published 06 Jan, 2007 12:00am
Indian shares close flat

Indian shares close flat

Indian share prices closed flat on Friday in cautious trade as investors bought into select mid and small-cap stocks, dealers said. They said the markets may see select buying in index heavyweights based on the earnings outlook going ahead.
Published 06 Jan, 2007 12:00am
Chinese stock index ends off 2.74 percent

Chinese stock index ends off 2.74 percent

Shanghai's benchmark stock index sank 2.74 percent on Friday, dragged down by the two largest banks which plunged their 10 daily percent limits. It was the first big drop in the banks since they began their bull run in November, and followed great volatil
Published 06 Jan, 2007 12:00am
Australian dollar weaker

Australian dollar weaker

The Australian dollar extended its losses against the US currency on Friday to be down over 2 percent in two days on more evidence of a resilient US economy and after copper prices tumbled again.
Published 06 Jan, 2007 12:00am
Amazon founder recruiting for private space programme

Amazon founder recruiting for private space programme

The founder of retail website Amazon advertised Thursday for engineers to join his private programme aimed at opening the galaxy to more human exploration. Jeff Bezos posted his hiring offer at www.blueorigin.com, the website of the Blue Origin 9 company
Published 06 Jan, 2007 12:00am
Yen soars on Japan rate outlook

Yen soars on Japan rate outlook

The yen surged higher across the board on Friday, pulling further away from 2-1/2-month lows against the dollar on talk that the Bank of Japan could bump up interest rates as early as this month.
Published 06 Jan, 2007 12:00am
Dollar rally continues

Dollar rally continues

The dollar climbed for the second straight day on Thursday, gaining support from a recent run of upbeat economic data that has lowered expectations the Federal Reserve may cut interest rates in the coming months.
Published 06 Jan, 2007 12:00am
Swiss franc near seven-year lows

Swiss franc near seven-year lows

The Swiss franc hovered above a seven-year low against the single European currency in early trade on Friday after inflation data indicated the Swiss National Bank had little reason to speed up its monetary tightening campaign.
Published 06 Jan, 2007 12:00am
Asian currencies inch down

Asian currencies inch down

Most Asian currencies edged lower on Friday, undermined by a sell-off in commodity currencies that overshadowed strong gains in the Japanese yen. Against the trend, the Philippine peso held near a six-year peak of 48.80 per dollar, supported by upbeat inf
Published 06 Jan, 2007 12:00am
Hong Kong dollar consolidates

Hong Kong dollar consolidates

The Hong Kong dollar consolidated on Friday after hitting a near three-month low the previous day. The currency had firmed to 7.7874 against the US dollar before trading back to 7.7887/92, compared with 7.7900/02 in late Asia trade on Thursday.
Published 06 Jan, 2007 12:00am
Legends exit with Aussie cricket in fine shape: Warne

Legends exit with Aussie cricket in fine shape: Warne

Australian cricket is in far better shape to withstand the retirements of Shane Warne, Glenn McGrath and Justin Langer than it was 23 years ago, Warne said Friday. The trio of Test greats bowed out as winners in Australia's thumping 10-wicket victory over
Published 06 Jan, 2007 12:00am
Nadal enters Chennai Open semi-finals

Nadal enters Chennai Open semi-finals

World number two Rafael Nadal of Spain stepped closer to his first ATP title in seven months when he cruised into the Chennai Open semi-finals here on Friday. The 20-year-old top seed, cheered by some 2,000 Indian fans, whipped David Sanguinetti of Italy
Published 06 Jan, 2007 12:00am
Russia wins Hopman Cup

Russia wins Hopman Cup

Russia added another team title to its growing collection when it won its first Hopman Cup by beating Spain in the final of the unique mixed teams event here Friday. The top-seeded pairing of Nadia Petrova and Dmitry Tursunov was far too good for the Span
Published 06 Jan, 2007 12:00am
Indian hopes slip: Tendulkar stopped from batting

Indian hopes slip: Tendulkar stopped from batting

India's dream of an historic series win in South Africa suffered a heavy blow when they collapsed in their second innings on the fourth day of the third and final Test at Newlands on Friday.
Published 06 Jan, 2007 12:00am
Hingis books place in final

Hingis books place in final

Martina Hingis and Dinara Safina booked their places in the Australian women's hardcourt championships final on the Gold Coast in contrasting style on Friday.
Published 06 Jan, 2007 12:00am
Sharapova, Clijsters reach Hong Kong final

Sharapova, Clijsters reach Hong Kong final

Russian ace Maria Sharapova shrugged off a less than convincing start to her Australian Open preparations with a three-set semi-final win Friday over compatriot Elena Dementieva in Hong Kong.
Published 06 Jan, 2007 12:00am
Indian court hears Bollywood kiss complaint

Indian court hears Bollywood kiss complaint

A court in central India on Friday heard statements from a lawyer complaining that an on-screen kiss by Bollywood belle Aishwarya Rai and co-star Hrithik Roshan contravened the country's strict laws against obscenity.
Published 06 Jan, 2007 12:00am
9/11 hijacker friend to be sentenced on Monday

9/11 hijacker friend to be sentenced on Monday

A German court on Monday will sentence a Moroccan friend of the September 11 hijackers who was found guilty last year of being an accessory to mass murder, the court said on Friday.
Published 06 Jan, 2007 12:00am
Utility stores selling sugar in market on higher rates: KCCI

Utility stores selling sugar in market on higher rates: KCCI

The supply of sugar through utility stores at lower prices is helpful as compared to market but a few people are able to get the benefit as supply is too short to meet the demand. A Karachi Chamber of Commerce and Industry (KCCI) report observed that most
Published 06 Jan, 2007 12:00am
Fitch affirms National Bank ratings

Fitch affirms National Bank ratings

Fitch Ratings on Friday affirmed National Bank of Pakistan (NBP) Individual Rating at ''''D'''', and Support Rating at ''''4''''. NBP''''s individual rating reflects its strong market position as the largest bank in Pakistan, majority state ownership, and
Published 06 Jan, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (January 05, 2007).

Published 06 Jan, 2007 12:00am
Private sector credit surges to Rs 187 billion

Private sector credit surges to Rs 187 billion

Private sector credit shot up to Rs 187 billion during FY07 up to December 23, 2006 compared with the whole year Credit Plan (CP) target of Rs 390 billion, says the latest SBP update about monetary and credit situation in the country, released on January
Published 06 Jan, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 06 Jan, 2007 12:00am
Private sector credit surges to Rs 187 billion

Private sector credit surges to Rs 187 billion

Private sector credit shot up to Rs 187 billion during FY07 up to December 23, 2006 compared with the whole year Credit Plan (CP) target of Rs 390 billion, says the latest SBP update about monetary and credit situation in the country, released on January
Published 06 Jan, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Jan, 2007 12:00am
Private sector credit surges to Rs 187 billion

Private sector credit surges to Rs 187 billion

Private sector credit shot up to Rs 187 billion during FY07 up to December 23, 2006 compared with the whole year Credit Plan (CP) target of Rs 390 billion, says the latest SBP update about monetary and credit situation in the country, released on January
Published 06 Jan, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (January 05, 2007).

Published 06 Jan, 2007 12:00am
India eyes Pakistan tea market

India eyes Pakistan tea market

India hopes a visit to Pakistan by its foreign minister to invigorate their peace process will also boost exports of tea to its neighbour, which is emerging as a key market, a top tea official said on Friday.
Published 06 Jan, 2007 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 06 Jan, 2007 12:00am
India eyes Pakistan tea market

India eyes Pakistan tea market

India hopes a visit to Pakistan by its foreign minister to invigorate their peace process will also boost exports of tea to its neighbour, which is emerging as a key market, a top tea official said on Friday.
Published 06 Jan, 2007 12:00am
India eyes Pakistan tea market

India eyes Pakistan tea market

India hopes a visit to Pakistan by its foreign minister to invigorate their peace process will also boost exports of tea to its neighbour, which is emerging as a key market, a top tea official said on Friday.
Published 06 Jan, 2007 12:00am
Pakistan's economic growth in US interest: Hunt

Pakistan's economic growth in US interest: Hunt

Broad-based economic growth in Pakistan is in the interests of the United States, as a vibrant growing economy could help alleviate poverty, increase middle class, combat extremism, crime and violence.
Published 06 Jan, 2007 12:00am
Per capita income has risen to $850: Salman

Per capita income has risen to $850: Salman

The Advisor to the Prime Minister on Finance, Dr Salman Shah, has said that Pakistan's per capita income has risen from $425 to $850 over the last six years. In an interview here Friday, he said country's economy is seen a big expansion particularly in sa
Published 06 Jan, 2007 12:00am
Polio still a challenging task for Pakistan

Polio still a challenging task for Pakistan

In 21st Century when technological progress has helped mankind make many lethal diseases a myth, polio is still a challenging reality in Pakistan where 39 cases were registered in 2006 alone against 28 in 2005.
Published 06 Jan, 2007 12:00am
Senate delegation leaves for Tehran

Senate delegation leaves for Tehran

A nine-member team of senators, headed by Chairman Senate Foreign Relations Committee, Mushahid Hussain Syed embarked on five-day visit Iran for talks on key matters, to be focused on challenges to Muslim Ummah.
Published 06 Jan, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (January 05, 2007).

Published 06 Jan, 2007 12:00am
PSPC an efficient entity: Shaukat

PSPC an efficient entity: Shaukat

Prime Minister Shaukat Aziz has said that restructuring and reorganisation of Pakistan Security Printing Corporation (PSPC) has transformed it into an efficient organisation and improved its competitiveness and productivity.
Published 06 Jan, 2007 12:00am
Expo Pakistan 2007: steering committee meeting on January 12

Expo Pakistan 2007: steering committee meeting on January 12

The second meeting of the steering committee of 'Expo Pakistan 2007' will be held on January 12, here at TDAP office. Chief Executive Trade Development Authority of Pakistan (TDAP), Tariq Ikram will preside over the event. The meeting will review the arra
Published 06 Jan, 2007 12:00am
THE RUPEE: dollar higher in currency market

THE RUPEE: dollar higher in currency market

The rupee continued its overnight weakness in the interbank market on Friday, dropping four paisa against the dollar for buying and selling at 60.97 and 60.99, dealers said said.
Published 06 Jan, 2007 12:00am
GITA agents criticise new loading condition by Railways

GITA agents criticise new loading condition by Railways

The Goods in Transit to Afghanistan (Gita) agents on Friday vehemently criticised the sudden imposition of new loading condition by Pakistan Railways. The PR has imposed Customs GDs as condition for loading on the goods in transit to Afghanistan (GITA) un
Published 06 Jan, 2007 12:00am
THE RUPEE: dollar higher in currency market

THE RUPEE: dollar higher in currency market

The rupee continued its overnight weakness in the interbank market on Friday, dropping four paisa against the dollar for buying and selling at 60.97 and 60.99, dealers said said.
Published 06 Jan, 2007 12:00am
MMA supreme council meeting on January 12

MMA supreme council meeting on January 12

Muttahida Majlis-i-Amal (MMA) Acting Secretary General Liaquat Baloch has said the MMA Supreme Council meeting has been summoned on January 12. Talking to newsmen on Thursday, Liaquat Baloch said that important decisions would be taken about MMA resignati
Published 06 Jan, 2007 12:00am
'MMA in final round against government'

'MMA in final round against government'

Muttahida Majlis-i-Amal (MMA) Supreme Council member and Jamiat-Ulema-e-Islam (JUI) Acting Amir Maulana Syed Amir Hussain Shah has said the MMA has made preparations for final round against the government.
Published 06 Jan, 2007 12:00am
79th birth anniversary of Zulfiqar Ali Bhutto marked

79th birth anniversary of Zulfiqar Ali Bhutto marked

Peoples Party Parliamentarians (PPP) celebrated 79th birth anniversary of their founder Chairman late Zulfiqar Ali Bhutto with fervour on Friday. In a function at party's Faisal Town office during the day, a 79lb cake was cut. A large number of party work
Published 06 Jan, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 05, 2007).

Published 06 Jan, 2007 12:00am
Navtec starts women's training from January-end

Navtec starts women's training from January-end

After successful completion of the first batch of model training programme for women, National Vocational & Technical Education Commission (NAVTEC) in collaboration with the Ministry of Education and Government Polytechnic Institute for Women, Islamabad (
Published 06 Jan, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 05, 2007).

Published 06 Jan, 2007 12:00am
Revenue EDO directive for claims payment

Revenue EDO directive for claims payment

The Executive District Officer Revenue Hyderabad Abdul Sattar Jatoo has asked the legal heirs of the seven deceased who died due to drinking contaminated water in 2004 to appear before him and get their claims settled within seven days.
Published 06 Jan, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 05, 2007).

Published 06 Jan, 2007 12:00am
Aziz Rajkotwala appointed chief executive of Atlas Bank

Aziz Rajkotwala appointed chief executive of Atlas Bank

Atlas Group has appointed Aziz Rajkotwala as Chief Executive Officer of Atlas Bank Limited. Rajkotwala holds an MBA degree from IBA, Karachi and has vast experience of international and local banking covering a diverse range of blue chip organisations, sa
Published 06 Jan, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (January 05, 2007) and for Saturday (January 06, 2007).
Published 06 Jan, 2007 12:00am
Supreme Court calls report on kite flying

Supreme Court calls report on kite flying

The Supreme Court of Pakistan on Friday called for report from Punjab chief secretary in respect of its decision to allow kite flying and allied business during forthcoming Basant festival scheduled on February 25, 2007 and specify public safety measures
Published 06 Jan, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 05, 2007).

Published 06 Jan, 2007 12:00am
Court remands London plot suspect in custody

Court remands London plot suspect in custody

A civil court judge ordered on Friday that a British man of Pakistan origin suspected of involvement in an al Qaeda plot to blow up US-bound airliners be remanded in custody for two more weeks.
Published 06 Jan, 2007 12:00am
Three patients under treatment at Aga Khan for VHF

Three patients under treatment at Aga Khan for VHF

At Aga Khan University Hospital (AKUH), 3 patients are currently hospitalised with suspect viral haemorrhagic fever. The decrease in the number of such cases continues.
Published 06 Jan, 2007 12:00am
Appointments challenged

Appointments challenged

The recent appointments of retired and in service military officials in different departments by the respondent government have been challenged before the Lahore High Court (LHC).
Published 06 Jan, 2007 12:00am
SHO charge-sheeted

SHO charge-sheeted

The Lahore High Court (LHC) charge sheeted a sub-inspector and SHO Saddar Imtiaz Ahmed for misbehaving with the court bailiff and called law officer for assistance on the point whether court could accept apology after framing charges against the accused.
Published 06 Jan, 2007 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Trade Development Authority of Pakistan formerly Export Promotion Bureau has received the following Foreign Trade Enquiry from abroad on 01/05/2007. Interested Pakistani parties may contact the importers directly.
Published 06 Jan, 2007 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 06 Jan, 2007 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 06 Jan, 2007 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 06 Jan, 2007 12:00am
City Nazim forms body to suggest new milk price

City Nazim forms body to suggest new milk price

City Nazim Syed Mustafa Kamal has formed a six-member committee to probe into milk price hike and suggest new milk prices in its report to submit within 10 days to him. Milk producers have termed it as an 'eyewash' in the face of soaring prices of animals
Published 06 Jan, 2007 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 06 Jan, 2007 12:00am
Investment gala 'Muslim Big' to be held on February 10

Investment gala 'Muslim Big' to be held on February 10

Sindh Minister for Commerce and Industries, Adil Siddiqui, has said that the forthcoming business and investment gala, 'Muslim Big', scheduled to be held on February 10 to 12 at the Expo Centre, will attract participation from 57 member countries of OIC a
Published 06 Jan, 2007 12:00am
The Weather

The Weather

The weather report on Friday (January 05, 2007) and the forecast for Saturday (January 06, 2007).
Published 06 Jan, 2007 12:00am
Education department directed to pay pensionary dues

Education department directed to pay pensionary dues

The provincial Ombudsman, has directed education department to pay pensionary dues to a headmaster of a primary school of Jaranwala and other retired employees of his department.
Published 06 Jan, 2007 12:00am
RFID at Punjab university library

RFID at Punjab university library

Punjab University Main Library started Radio Frequency Identification System (RFID) for issuance of books. In this system a small chip has been fixed in the books instead of issuance card which is connected with computer data entry and hence it will help
Published 06 Jan, 2007 12:00am
Educational schemes expedited

Educational schemes expedited

Work on educational schemes under the current Annual Development Programme (ADP) in the remote hilly but scenic areas of Galyat in Abbottabad district has been expedited with a cost of millions of rupees wherein many of them are either completed or at var
Published 06 Jan, 2007 12:00am
Dr Fariq awarded

Dr Fariq awarded

Vice-chancellor, Punjab University, Lieutenant General Arshad Mahmood awarded shield to Dr Muhammad Fariq in recognition of his services for providing informal education to working children. Dr Fariq is running a school for working children where they are
Published 06 Jan, 2007 12:00am
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