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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-01-17
Execution of Saddam's henchmen stirs more criticism

Execution of Saddam's henchmen stirs more criticism

Hundreds of Sunni Arabs paid their respects Tuesday to former henchmen of Saddam Hussein convicted of crimes against humanity and buried near the former Iraqi dictator's own grave after a gruesome hanging.
Published 17 Jan, 2007 12:00am
Argentina stocks edge up

Argentina stocks edge up

Argentine stocks closed slightly higher on Monday on selective buying among leading shares, but trade volume fell to its lowest level in four months due to a US market holiday, traders said.
Published 17 Jan, 2007 12:00am
Indonesian share prices higher

Indonesian share prices higher

Indonesian share prices closed 1.38 percent higher Tuesday on an extended technical rebound, supported by Perusahaan Gas Negara which surged after it resumed trading, dealers said.
Published 17 Jan, 2007 12:00am
Swiss franc stuck near lows versus euro

Swiss franc stuck near lows versus euro

The Swiss franc crept higher against the dollar in early trade on Tuesday but remained close to multi-year lows against the euro as investors continued to sell it to fund investments in higher-yielding currencies.
Published 17 Jan, 2007 12:00am
Chinese yuan extends gains

Chinese yuan extends gains

The yuan rose against the dollar for a third straight session on Tuesday after a think tank of China's Ministry of Commerce said the currency is undervalued and further appreciation is needed to help the economy. The yuan closed to 7.900 per dollar on Tue
Published 17 Jan, 2007 12:00am
Yen hobbled even as traders eye BoJ rate rise

Yen hobbled even as traders eye BoJ rate rise

The yen hovered near a 13-month trough against the dollar on Tuesday, getting little reprieve despite market expectations for a Bank of Japan interest rate rise later this week.
Published 17 Jan, 2007 12:00am
Asian currencies firm

Asian currencies firm

Most Asian currencies rose on Tuesday as investor sentiment improves steadily after a recent sell-off, shrugging off the impact of a weak yen ahead of a Bank of Japan policy meeting later this week.
Published 17 Jan, 2007 12:00am
Hong Kong dollar stays weak

Hong Kong dollar stays weak

The Hong Kong dollar slipped against the US dollar on Tuesday, undermined by persistent arbitrage activities. The domestic currency had weakened to 7.8004 to the US dollar - its lowest level since the Hong Kong Monetary Authority (HKMA) introduced three r
Published 17 Jan, 2007 12:00am
Hewitt beats Russell

Hewitt beats Russell

Australia's 19th seed Lleyton Hewitt fought back from losing the opening two sets to down American qualifier Michael Russell at the Australian Open here on Tuesday. Hewitt overcame Russell to win 3-6, 2-6, 6-3, 6-3, 6-3 in 3hr 29 min and will now play Can
Published 17 Jan, 2007 12:00am
Sharapova survives in scorching heat

Sharapova survives in scorching heat

A dazed and confused Maria Sharapova survived a melting at the Australian Open on Tuesday when players struggled to last the distance in sweltering conditions.
Published 17 Jan, 2007 12:00am
Standings

Standings

Standings in the limited-overs tri-series between Australia, England and New Zealand after England beat New Zealand by three wickets in Hobart on Tuesday:

Published 17 Jan, 2007 12:00am
Flintoff steers England to first win on tour

Flintoff steers England to first win on tour

Andrew Flintoff scored a brilliant half-century to steer England to a morale-boosting three-wicket victory over New Zealand in the third tri-series one-day international in Hobart on Tuesday.
Published 17 Jan, 2007 12:00am
Malaysia's Anwar urges probe of Russian jet deal

Malaysia's Anwar urges probe of Russian jet deal

Opposition figure Anwar Ibrahim on Tuesday questioned the integrity of Malaysia's purchase of Russian warplanes, and asked the police and the anti-corruption agency to probe the deal. Malaysia ordered 18 Sukhoi SU-30MK planes in 2003, the first of which w
Published 17 Jan, 2007 12:00am
Nigerian gunmen kill 12, oil stations evacuated

Nigerian gunmen kill 12, oil stations evacuated

Western oil companies evacuated staff from three oilfields in Nigeria's southern Niger Delta on Tuesday after gunmen killed 12 people including four community chiefs in a dispute over oil money.
Published 17 Jan, 2007 12:00am
Somali stabilisation efforts gather pace

Somali stabilisation efforts gather pace

Efforts to bring stability to lawless Somalia gathered pace Tuesday when east African leaders urged non-regional states to contribute troops to a proposed controversial peacekeeping mission.
Published 17 Jan, 2007 12:00am
Hamas denies Gaza tunnels dug to kill Fatah leaders

Hamas denies Gaza tunnels dug to kill Fatah leaders

Hamas said on Tuesday tunnels dug by Palestinians under the Gaza Strip were aimed at foiling possible Israeli ground offensives and not at killing prominent leaders of the rival Fatah faction.
Published 17 Jan, 2007 12:00am
High hope in Nepal after Maoists enter parliament

High hope in Nepal after Maoists enter parliament

Nepalis woke to an unexpected public holiday on Tuesday as their political leaders and senior Maoists hailed the birth of a new nation after the former rebels, who waged war for a decade, took their seats in parliament.
Published 17 Jan, 2007 12:00am
US commander wants more troops against Taliban surge

US commander wants more troops against Taliban surge

The senior US commander in Afghanistan pressed Tuesday for more troops to confront a major surge in Taliban attacks, notably out of Pakistan, as he briefed visiting US Defence Secretary Robert Gates.
Published 17 Jan, 2007 12:00am
North Korea billed $2 billion for scrapped nuclear deal

North Korea billed $2 billion for scrapped nuclear deal

An international consortium has demanded North Korea pay almost $2 billion in compensation for a project to build two nuclear reactors that was scrapped after the United States accused Pyongyang of cheating on the deal.
Published 17 Jan, 2007 12:00am
Bird flu flares again in Asia

Bird flu flares again in Asia

Indonesia prepared more hospitals to deal with bird flu cases and Japan confirmed a first outbreak of H5N1 in poultry in three years on Tuesday as the virus flared again in Asia, mirroring past winters.
Published 17 Jan, 2007 12:00am
34,000 Iraqis killed in 2006: UN

34,000 Iraqis killed in 2006: UN

The United Nations said on Tuesday more than 34,000 Iraqi civilians were killed in violence last year and it chided the government for allowing the killers, some of them inside the security forces, to go unpunished.
Published 17 Jan, 2007 12:00am
Baghdad university bombing kills 65

Baghdad university bombing kills 65

Sixty-five people, including students and teachers, were killed Tuesday in the most devastating attack this year as a suicide bomber and a car bomb wreaked havoc outside a Baghdad university.
Published 17 Jan, 2007 12:00am
Tigers claim killing 45 troops

Tigers claim killing 45 troops

Sri Lanka's Tamil Tiger rebels Tuesday said they resisted a major military offensive against them by killing at least 45 government troops for the loss of 12 of their own fighters.
Published 17 Jan, 2007 12:00am
Israel to use pilot ID system to foil suicide hijack

Israel to use pilot ID system to foil suicide hijack

Israel will this year issue all commercial airlines that fly to its territory with a locally invented pilot identification system designed to prevent September 11-style attacks, Israeli officials said on Tuesday.
Published 17 Jan, 2007 12:00am
Thailand attacks Singapore for Thaksin meeting

Thailand attacks Singapore for Thaksin meeting

Thailand's military government on Tuesday cancelled a visit by Singapore's foreign minister in protest at a meeting between ousted Prime Minister Thaksin Shinawatra and one of the city-state's cabinet ministers.
Published 17 Jan, 2007 12:00am
Saudi Arabia backs US Iraq plan

Saudi Arabia backs US Iraq plan

The United States won Saudi backing on Tuesday for a US plan to stabilise Iraq, but Washington's Gulf ally said success depended on Baghdad tackling sectarian strife driving the country towards civil war.
Published 17 Jan, 2007 12:00am
Incentives sought to establish SME units in southern Punjab

Incentives sought to establish SME units in southern Punjab

FPCCI President, Tanveer Ahmed Shaikh has urged upon the government to provide infra-structure and incentives to investors for establishing small and medium units in Southern Punjab. He also demanded construction of new bridges on River Chenab and Indus.
Published 17 Jan, 2007 12:00am
Duty on LPG abolished

Duty on LPG abolished

The Central Board of Revenue (CBR) has abolished 5 percent customs duty on the import of Liquefied Petroleum Gas (LPG) from December 6, 2006.
Published 17 Jan, 2007 12:00am
Duty on LPG abolished

Duty on LPG abolished

The Central Board of Revenue (CBR) has abolished 5 percent customs duty on the import of Liquefied Petroleum Gas (LPG) from December 6, 2006.
Published 17 Jan, 2007 12:00am
Duty on LPG abolished

Duty on LPG abolished

The Central Board of Revenue (CBR) has abolished 5 percent customs duty on the import of Liquefied Petroleum Gas (LPG) from December 6, 2006.
Published 17 Jan, 2007 12:00am
Opening accounts by DHA bodies: SBP instructions to banks

Opening accounts by DHA bodies: SBP instructions to banks

The State Bank of Pakistan on Tuesday issued instructions to all banks that they should ask for copies of computerised national identity cards (CNICs) of all members of the governing bodies and executive bodies of DHA for opening accounts of the DHA or si
Published 17 Jan, 2007 12:00am
Opening accounts by DHA bodies: SBP instructions to banks

Opening accounts by DHA bodies: SBP instructions to banks

The State Bank of Pakistan on Tuesday issued instructions to all banks that they should ask for copies of computerised national identity cards (CNICs) of all members of the governing bodies and executive bodies of DHA for opening accounts of the DHA or si
Published 17 Jan, 2007 12:00am
Opening accounts by DHA bodies: SBP instructions to banks

Opening accounts by DHA bodies: SBP instructions to banks

The State Bank of Pakistan on Tuesday issued instructions to all banks that they should ask for copies of computerised national identity cards (CNICs) of all members of the governing bodies and executive bodies of DHA for opening accounts of the DHA or si
Published 17 Jan, 2007 12:00am
CBR stops proceedings against pay phone companies

CBR stops proceedings against pay phone companies

The Central Board of Revenue (CBR) has temporarily suspended adjudication proceedings against the payphone companies following stay order by the High Court. A senior CBR official told Business Recorder on Tuesday that the board would submit its rep
Published 17 Jan, 2007 12:00am
CBR stops proceedings against pay phone companies

CBR stops proceedings against pay phone companies

The Central Board of Revenue (CBR) has temporarily suspended adjudication proceedings against the payphone companies following stay order by the High Court. A senior CBR official told Business Recorder on Tuesday that the board would submit its rep
Published 17 Jan, 2007 12:00am
CBR stops proceedings against pay phone companies

CBR stops proceedings against pay phone companies

The Central Board of Revenue (CBR) has temporarily suspended adjudication proceedings against the payphone companies following stay order by the High Court. A senior CBR official told Business Recorder on Tuesday that the board would submit its rep
Published 17 Jan, 2007 12:00am
SECP clarifies special margins on squared-off positions

SECP clarifies special margins on squared-off positions

In order to facilitate better understanding and necessary rectification in the software-application and procedures thereof, in the risk management system of the Futures Market, by the Karachi Stock Exchange (KSE), the Securities and Exchange Commission (S
Published 17 Jan, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Jan, 2007 12:00am
SECP clarifies special margins on squared-off positions

SECP clarifies special margins on squared-off positions

In order to facilitate better understanding and necessary rectification in the software-application and procedures thereof, in the risk management system of the Futures Market, by the Karachi Stock Exchange (KSE), the Securities and Exchange Commission (S
Published 17 Jan, 2007 12:00am
SECP clarifies special margins on squared-off positions

SECP clarifies special margins on squared-off positions

In order to facilitate better understanding and necessary rectification in the software-application and procedures thereof, in the risk management system of the Futures Market, by the Karachi Stock Exchange (KSE), the Securities and Exchange Commission (S
Published 17 Jan, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (January 16, 2007).

Published 17 Jan, 2007 12:00am
Textile exporters expect $1 billion orders from Heimtextil fair

Textile exporters expect $1 billion orders from Heimtextil fair

The country's textile exporters are expecting to get foreign orders worth of one billion US dollar from Heimtextil exhibition, "the world largest home textile event held every year in Germany," concluded recently, exporters, who participated the event, to
Published 17 Jan, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Jan, 2007 12:00am
Textile exporters expect $1 billion orders from Heimtextil fair

Textile exporters expect $1 billion orders from Heimtextil fair

The country's textile exporters are expecting to get foreign orders worth of one billion US dollar from Heimtextil exhibition, "the world largest home textile event held every year in Germany," concluded recently, exporters, who participated the event, to
Published 17 Jan, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Jan, 2007 12:00am
Textile exporters expect $1 billion orders from Heimtextil fair

Textile exporters expect $1 billion orders from Heimtextil fair

The country''s textile exporters are expecting to get foreign orders worth of one billion US dollar from Heimtextil exhibition, "the world largest home textile event held every year in Germany," concluded recently, exporters, who participated the event, t
Published 17 Jan, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Jan, 2007 12:00am
CBR won't emulate banks in GHS

CBR won't emulate banks in GHS

The Central Board of Revenue (CBR) will not share the experience of banks restructuring, as golden handshake schemes in public and private sector organisations are totally different from each other.
Published 17 Jan, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (January 16, 2007).

Published 17 Jan, 2007 12:00am
Rolls-Royce sales on rise

Rolls-Royce sales on rise

Rolls-Royce Motor Cars is celebrating its third successive annual sales increase since 2003, confirming the Phantom as the world's leading super luxury car. Last year the company retailed 805 cars, a 16-year high for the marque.
Published 17 Jan, 2007 12:00am
Presentation

Presentation

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

Published 17 Jan, 2007 12:00am
Muharram likely to begin from January 21

Muharram likely to begin from January 21

Muharramul Haram 1428 Hijri is likely to commence in the country from January 21 (Sunday) as there are good chances of sighting the new moon on January 20.
Published 17 Jan, 2007 12:00am
Ogra not free to fix POL prices: PPPP

Ogra not free to fix POL prices: PPPP

Pakistan People's Party Parliamentarians on Tuesday alleged that the Oil and Gas Regulatory Authority (Ogra) was not being given a free hand to fix the POL products' prices, describing the downward review of their prices as not in line with the internatio
Published 17 Jan, 2007 12:00am
Fencing border to have serious consequences on Pak-Afghan ties

Fencing border to have serious consequences on Pak-Afghan ties

Three important political parties and Canadian High Commission on Monday rejected the mining and fencing of Pak-Afghan border and termed it an attempt to divide the people of the same civilisation, language and culture living on both sides of the frontier
Published 17 Jan, 2007 12:00am
'Power hungry elements creating obstacles'

'Power hungry elements creating obstacles'

Federal Minister for Railways Sheikh Rashid has said some power hungry elements are creating obstacles in the way of the unification of all the factions of Muslim League but unification is in the supreme interest of the Pakistan he added.
Published 17 Jan, 2007 12:00am
SKMCH to aid public via Internet

SKMCH to aid public via Internet

Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH) and CISCO, the world-wide leader in networking for the Internet, have entered into a collaboration to develop the first phase of a world class medical grade network via Internet, enabling
Published 17 Jan, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (January 16, 2007).

Published 17 Jan, 2007 12:00am
Four milkmen sent to jail

Four milkmen sent to jail

Magistrates of City District Government Karachi (CDGK) on Tuesday sent four milkmen to jail for one week and fined 31 more others on the charges of violating the official milk prices in the metropolis.
Published 17 Jan, 2007 12:00am
'Wastage in horticulture production may be cut'

'Wastage in horticulture production may be cut'

Wastage in horticulture produce may be reduced from 40 percent to around 10 percent thus saving millions of rupees, experts opined at the consultative workshop on National Agribusiness Policy organised by Agribusiness Development Project and financed by A
Published 17 Jan, 2007 12:00am
Erra winterisation plan termed a great success

Erra winterisation plan termed a great success

Erra's plan for winterisation of the camps for the people in the earthquake hit rural and urban areas has been a complete success since no death due to pneumonia, hypothermia or acute respiratory infection has been reported from these camps.
Published 17 Jan, 2007 12:00am
THE RUPEE: parity with dollar almost unchanged

THE RUPEE: parity with dollar almost unchanged

Range-bound trading was seen in the currency market on Tuesday as the rupee-dollar parity moved slightly, dealers said. The rupee maintained its overnight levels against the dollar as supply was matching with the demand, but it is likely the rupee may not
Published 17 Jan, 2007 12:00am
'Pakistan implementing plan for modernising three ports'

'Pakistan implementing plan for modernising three ports'

Pakistan has started the process of implementing a comprehensive development programme for modernisation of its three ports: Port Qasim, Karachi Port and Gwadar Deep Sea Port. This was an important part of a detailed National Trade Corridor Improvement Pr
Published 17 Jan, 2007 12:00am
THE RUPEE: parity with dollar almost unchanged

THE RUPEE: parity with dollar almost unchanged

Range-bound trading was seen in the currency market on Tuesday as the rupee-dollar parity moved slightly, dealers said. The rupee maintained its overnight levels against the dollar as supply was matching with the demand, but it is likely the rupee may not
Published 17 Jan, 2007 12:00am
Indian mayor praises 'Hamara Karachi' festival

Indian mayor praises 'Hamara Karachi' festival

Kolkata city's mayor Bhattacharya Bikash Ranjan on Monday termed the 'Hamara Karachi' festival a milestone in bringing general public of both countries together, and urged both government's to organise more such events to strengthen ties between Pakistan
Published 17 Jan, 2007 12:00am
Saifullah offers mediation between government, Nawaz

Saifullah offers mediation between government, Nawaz

Federal Minister for Inter-Provincial Co-ordination Saleem Saifullah Khan has said that he is ready to mediate a deal between government and exiled prime minister Nawaz Sharif, if asked.
Published 17 Jan, 2007 12:00am
Senators rebuke government as leaders, workers vanish

Senators rebuke government as leaders, workers vanish

The issue of disappearances of political workers and leaders again echoed on the first day of the Senate's 35th session, as the opposition feared the country could break up if the trend was not reversed and the rulers did not respect the rule of law.
Published 17 Jan, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 16, 2007).

Published 17 Jan, 2007 12:00am
PPP reacts to NGO report on newsmen

PPP reacts to NGO report on newsmen

The Pakistan Peoples Party (PPP) on Tuesday reacted strongly to the report compiled by media development NGOs that singled out Pakistan as the most dangerous zone for journalists in the region.
Published 17 Jan, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 16, 2007).

Published 17 Jan, 2007 12:00am
Combined opposition rejects cut in oil prices

Combined opposition rejects cut in oil prices

The combined opposition in Senate on Tuesday rejected the recent cut in the petroleum products by the government, terming it a peanut as compared to the substantial reduction in the international market.
Published 17 Jan, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 16, 2007).

Published 17 Jan, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The opening of the senate's 35th session here on Tuesday was a tame affair, as if all that political buildup over the last several weeks was a sheer charade, but soon it caught the heat that not only triggered a walkout but also sparring across the aisle.
Published 17 Jan, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (January 16, 2007) and for Wednesday (January 17, 2007).
Published 17 Jan, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 16, 2007).

Published 17 Jan, 2007 12:00am
Government criticised for funds' transfer to MEO

Government criticised for funds' transfer to MEO

The combined opposition walked out of the House when Parliamentary Affairs Minister Dr Sher Afghan Niazi could not give a satisfactory answer about the transfer of Rs 1,050 million funds to the Military Estate Officer (MEO), Quetta, for acquisition of lan
Published 17 Jan, 2007 12:00am
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