News Archives for Print - 2007-01-20

US treasuries bid yields

US treasuries bid yields on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

July-September FED collection shows poor results

The collection on account of federal excise duty (FED) on international air travel, financial services, non-fund services provided by the financial institutions including banking companies, franchise services and commission/brokerage of foreign exchange d

Published 20 Jan, 2007 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

July-September FED collection shows poor results

The collection on account of federal excise duty (FED) on international air travel, financial services, non-fund services provided by the financial institutions including banking companies, franchise services and commission/brokerage of foreign exchange d

Published 20 Jan, 2007 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

New signs of India-Pakistan atom arms race: study

India and Pakistan may both be on the verge of expanding atomic fuel production work that could heighten a nuclear arms race between the historical foes, a prominent non-proliferation think tank said.

Published 20 Jan, 2007 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

New signs of India-Pakistan atom arms race: study

India and Pakistan may both be on the verge of expanding atomic fuel production work that could heighten a nuclear arms race between the historical foes, a prominent non-proliferation think tank said.

Published 20 Jan, 2007 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

Seed-cotton arrivals down 0.90 percent

The ginning factories in Punjab and Sindh are still receiving seed-cotton (phutti), as 473,268 bales arrived during fortnight ending on January 15, according the report released by PCGA here on Friday.

Published 20 Jan, 2007 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

Seed-cotton arrivals down 0.90 percent

The ginning factories in Punjab and Sindh are still receiving seed-cotton (phutti), as 473,268 bales arrived during fortnight ending on January 15, according the report released by PCGA here on Friday.

Published 20 Jan, 2007 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

Seed-cotton arrivals down 0.90 percent

The ginning factories in Punjab and Sindh are still receiving seed-cotton (phutti), as 473,268 bales arrived during fortnight ending on January 15, according the report released by PCGA here on Friday.

Published 20 Jan, 2007 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

Over 150 shops gutted in Bara market

More than 150 shops and cabins of foreign made carpets and blanket in Karkhano Market the largest Bara market of the country reduced to ashes as a result of fire reportedly erupted here on Friday. The cause of the fire was stated to be short circuit. The

Published 20 Jan, 2007 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

Over 150 shops gutted in Bara market

More than 150 shops and cabins of foreign made carpets and blanket in Karkhano Market the largest Bara market of the country reduced to ashes as a result of fire reportedly erupted here on Friday. The cause of the fire was stated to be short circuit. The

Published 20 Jan, 2007 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

Pak-UAE trade to hit $5.1 billion

Trade between Pakistan and the UAE is set to reach $5.1 billion by the end of June, increased by 20 percent over $4.1 billion in 2005-06. The first six months of this financial year have yielded strong results. Exports to the UAE have risen to $700 millio

Published 20 Jan, 2007 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

South African trade conditions seen deteriorating

Trade conditions in South Africa declined in December despite higher retail sales, and could deteriorate further this year as consumption growth slows, a survey showed on Friday. A monthly trade conditions index compiled by ABSA Bank and the South African

Published 20 Jan, 2007 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

China delays energy target report to check data

China will delay reporting how far short it fell on official energy efficiency targets until it has tightened up the system used to calculate consumption, the official Xinhua agency said.

Published 20 Jan, 2007 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

Potato export to Iran begins

Iran has started importing potatoes from Pakistan, and nearly 600 tons commodity has thus far been shipped. Exporters said that Irani importers, due to shortage of potatoes there, had approached Pakistan for necessary supplies and its chain of shipment st

Published 20 Jan, 2007 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

Potato export to Iran begins

Iran has started importing potatoes from Pakistan, and nearly 600 tons commodity has thus far been shipped. Exporters said that Irani importers, due to shortage of potatoes there, had approached Pakistan for necessary supplies and its chain of shipment st

Published 20 Jan, 2007 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

Potato export to Iran begins

Iran has started importing potatoes from Pakistan, and nearly 600 tons commodity has thus far been shipped. Exporters said that Irani importers, due to shortage of potatoes there, had approached Pakistan for necessary supplies and its chain of shipment st

Published 20 Jan, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

PSRMA anxious about raw material shortage

The Pakistan Steel Re-Rolling Mills Association (PSRMA) Karachi circle, has taken serious notice of the critical shortage of quality raw material in the country, resulting in the price rise of steel bars and sections.

Published 20 Jan, 2007 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 20 Jan, 2007 12:00am

North Korea and US agree to resume nuclear talks soon

North Korea has agreed to resume six-country talks aimed at winding up its nuclear arms programme soon, the US envoy to the thorny negotiations said on Friday.

Published 20 Jan, 2007 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 20 Jan, 2007 12:00am

North Korea and US agree to resume nuclear talks soon

North Korea has agreed to resume six-country talks aimed at winding up its nuclear arms programme soon, the US envoy to the thorny negotiations said on Friday.

Published 20 Jan, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Friday (January 19, 2007).

Published 20 Jan, 2007 12:00am

Schlumberger profit tops view

Schlumberger Ltd, the world's largest oilfield services company, said on Friday its fourth-quarter earnings rose 71 percent on a strong performance in its seismic business and forecast "significant" growth in 2007. Income from continuing operations rose t

Published 20 Jan, 2007 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 20 Jan, 2007 12:00am

Schlumberger profit tops view

Schlumberger Ltd, the world's largest oilfield services company, said on Friday its fourth-quarter earnings rose 71 percent on a strong performance in its seismic business and forecast "significant" growth in 2007. Income from continuing operations rose t

Published 20 Jan, 2007 12:00am

Standard Chartered Bank (Pakistan) Limited

Standard Chartered Bank (Pakistan) Limited has announced following rates of return on various deposits and savings accounts, to be used for determining the profits on PLS deposits maintained with the Bank for the period from July 1, 2006 to December 31, 2

Published 20 Jan, 2007 12:00am

Pinault drops bid for French utility group Suez

French billionaire Francois Pinault said Friday he had secured financing to launch a take-over bid for French utility group Suez but would refrain from doing so because the environment was not "sufficiently calm".

Published 20 Jan, 2007 12:00am

Standard Chartered Bank (Pakistan) Limited

Standard Chartered Bank (Pakistan) Limited has announced following rates of return on various deposits and savings accounts, to be used for determining the profits on PLS deposits maintained with the Bank for the period from July 1, 2006 to December 31, 2

Published 20 Jan, 2007 12:00am

ISE index up 3.80 points

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) on Friday where equities showed healthy signs under the lead of hot favourites amid increase in index. ISE-10 Index showed an increase of 3.80 points from 2,621.65 to 2,625.45 points.

Published 20 Jan, 2007 12:00am

Habib Bank declares PLS profit rates

The Habib Bank Limited has declared the rates of profit on PLS deposits for the period of six months ended December 31, 2006.

Published 20 Jan, 2007 12:00am

ISE index up 3.80 points

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) on Friday where equities showed healthy signs under the lead of hot favourites amid increase in index. ISE-10 Index showed an increase of 3.80 points from 2,621.65 to 2,625.45 points.

Published 20 Jan, 2007 12:00am

Habib Bank declares PLS profit rates

The Habib Bank Limited has declared the rates of profit on PLS deposits for the period of six months ended December 31, 2006.

Published 20 Jan, 2007 12:00am

Range-bound trading on LSE

Range-bound trading was observed on Lahore Stock Exchange (LSE) on Friday and the as the index closed with a marginal decline while the turnover depicted a slight improvement due to interest in select scrips.

Published 20 Jan, 2007 12:00am

Alfalah Bank declares PLS profit rates

The Bank Alfalah Limited has declared the rates of profit on PLS deposits for the period of six months ended December 31, 2006.

Published 20 Jan, 2007 12:00am

Range-bound trading on LSE

Range-bound trading was observed on Lahore Stock Exchange (LSE) on Friday and the as the index closed with a marginal decline while the turnover depicted a slight improvement due to interest in select scrips.

Published 20 Jan, 2007 12:00am

Alfalah Bank declares PLS profit rates

The Bank Alfalah Limited has declared the rates of profit on PLS deposits for the period of six months ended December 31, 2006.

Published 20 Jan, 2007 12:00am

Saarc visas no more valid

The Government of Pakistan has decided that the Saarc visa, which entitled businessmen to travel freely among the seven Saarc member countries--Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, will not be valid from January 1, 2007.

Published 20 Jan, 2007 12:00am

Faysal Bank declares PLS profit rates

The Faysal Bank Limited has declared the rates of profit on PLS deposits for the period of six months ended December 31, 2006.

Published 20 Jan, 2007 12:00am

Saarc visas no more valid

The Government of Pakistan has decided that the Saarc visa, which entitled businessmen to travel freely among the seven Saarc member countries--Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, will not be valid from January 1, 2007.

Published 20 Jan, 2007 12:00am

Faysal Bank declares PLS profit rates

The Faysal Bank Limited has declared the rates of profit on PLS deposits for the period of six months ended December 31, 2006.

Published 20 Jan, 2007 12:00am

Saarc visas no more valid

The Government of Pakistan has decided that the Saarc visa, which entitled businessmen to travel freely among the seven Saarc member countries--Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, will not be valid from January 1, 2007.

Published 20 Jan, 2007 12:00am

BRIDGE NOTES: Masood Saleem, a wizard of Pakistan bridge

Masood Saleem rose like a phoenix from rugged terrain of Chiniot of the Punjab to the zenith of bridge via sandy metropolis of Karachi. He reached the pinnacle of international bridge scene and captured the imaginative insight of reigning bridge experts a

Published 20 Jan, 2007 12:00am

July-December textile exports up 4.3 percent

Pakistan''s textile exports witnessed a growth of 4.3 percent during the first half of the current fiscal year (July-December 2006-07) at $5.318 billion, against last year''s $5.097 billion, depicting an increase of $220.493 million, according to official

Published 20 Jan, 2007 12:00am

TV THOUGHTS: Second birthday for HUM TV's 'pure entertainment'! There's no such thing as originality: Mahesh Bhatt

On the 15th of January, Hum TV, being a Capricornian evidently, celebrated its second birthday and the KESC spared us the frustration of denying us electricity, and one was able to happily watch the channel from time to time. The objective was to get a fe

Published 20 Jan, 2007 12:00am

July-December textile exports up 4.3 percent

Pakistan's textile exports witnessed a growth of 4.3 percent during the first half of the current fiscal year (July-December 2006-07) at $5.318 billion, against last year's $5.097 billion, depicting an increase of $220.493 million, according to official s

Published 20 Jan, 2007 12:00am

Are traffic rules there to flout with complete impunity?

There is complete breakdown of traffic laws in Karachi. Those who have no regard for orderly life are flouting these laws with utter aversion to civility and faith in jungle laws.

Published 20 Jan, 2007 12:00am

July-December textile exports up 4.3 percent

Pakistan's textile exports witnessed a growth of 4.3 percent during the first half of the current fiscal year (July-December 2006-07) at $5.318 billion, against last year's $5.097 billion, depicting an increase of $220.493 million, according to official s

Published 20 Jan, 2007 12:00am

LAHORE CULTURAL DIARY: many more cultural events this week

A couple of exhibitions of paintings and one of cartoons, a stage play, a music concert and of course the 2007 Marathon race were the highlights of cultural events in the city during last week.

Published 20 Jan, 2007 12:00am

SBP restructures NCCC with new role

The State Bank of Pakistan has decided to restructure and rename the ''National Credit Consultative Council'' (NCCC) as ''Private Sector Credit Advisory Council'' (PSCAC). This has been done with the view to make the role of the new body more effective an

Published 20 Jan, 2007 12:00am

Remembering our Legends: Saleem Raza's mellifluous songs still captivate the hearts of millions

One of the unfortunate aspects of the glitzy world of entertainment is that even its once much sought-after celebrities and heartthrobs of millions are forgotten soon after their eclipse from the showbiz. Those artistes, whoes songs once cast hypnotic spe

Published 20 Jan, 2007 12:00am

SBP restructures NCCC with new role

The State Bank of Pakistan has decided to restructure and rename the 'National Credit Consultative Council' (NCCC) as 'Private Sector Credit Advisory Council' (PSCAC). This has been done with the view to make the role of the new body more effective and me

Published 20 Jan, 2007 12:00am

'Chhati Arab-Israel Jang'

Nusrat Mirza has come up with his eleventh book 'Chhati Arab Israel Jang' Sixth Arab-Israel War). It is an exhaustive study of those events that had led to the recent conflict between Israel and Lebanon where Hezbollah emerged as a force to reckon with.

Published 20 Jan, 2007 12:00am

SBP restructures NCCC with new role

The State Bank of Pakistan has decided to restructure and rename the 'National Credit Consultative Council' (NCCC) as 'Private Sector Credit Advisory Council' (PSCAC). This has been done with the view to make the role of the new body more effective and me

Published 20 Jan, 2007 12:00am

BOOK REVIEW: an expose of Israeli/Zionists designs

Dr Mujahid Mirza, the author of the book under review, who was at one time a card holding member of the Communist Party of Pakistan and who later shifted to Moscow, has provided the readers a deep peep into the designs and conspiracies of international Zi

Published 20 Jan, 2007 12:00am

BRIndex30 up marginally

On Friday, the BRIndex30 opened at 11,365.59 and closed at 11,367.78 points, with a positive change of 1.34 points and percentage change of 0.01. It experienced intra-day high and low of 11,426.84 and 11,338.85, respectively.

Published 20 Jan, 2007 12:00am

CAPITAL CULTURAL SCENE: capital's cultural kaleidoscope

Pakistan is a land of rich cultural heritage nurtured on its soil since time immemorial. The cherished values of peace, progress and prosperity added with goodwill, tolerance, co-existence and humanism have been the indomitable forte of our cultural ambie

Published 20 Jan, 2007 12:00am

BRIndex30 up marginally

On Friday, the BRIndex30 opened at 11,365.59 and closed at 11,367.78 points, with a positive change of 1.34 points and percentage change of 0.01. It experienced intra-day high and low of 11,426.84 and 11,338.85, respectively.

Published 20 Jan, 2007 12:00am

Rizakars of Hyderabad Deccan, 1940-1950: The rise and fall of a Muslim militia - III

The Rizakars Behind Bars and the ICRC Intervention: The atmosphere of the immediate post-Operation Polo era was too communally charged for anyone to come to the Rizakars' rescue. The Muslim community was reeling under the massive blow just inflicted upon

Published 20 Jan, 2007 12:00am

Mixed trend on stock market

Mixed trend was observed on the Karachi Stock Exchange on Friday. However, the KSE-100 index managed to continue its uptrend, closing at 10641.31 points, up by a nominal 0.60 points, while the KSE-30 index gained 27.74 points to close at 13392.77 points.

Published 20 Jan, 2007 12:00am

LITERARY NOTES: Munir Niazi: an unusual poet

Poet Munir Niazi breathed his last on 26 December and poetry subsumed in the grief over separation from his birth place and familiar surroundings came to an end and the images of the upheavals of partition of the subcontinent became his forte.

Published 20 Jan, 2007 12:00am

Mixed trend on stock market

Mixed trend was observed on the Karachi Stock Exchange on Friday. However, the KSE-100 index managed to continue its uptrend, closing at 10641.31 points, up by a nominal 0.60 points, while the KSE-30 index gained 27.74 points to close at 13392.77 points.

Published 20 Jan, 2007 12:00am

A tragedy waiting to happen

An oil-tanker carrying fuel for the US forces in Afghanistan exploded and caught fire near the border town of Chaman last Sunday, 14 January. A news picture showed the giant 20-foot tanker lying on its side; its rear end a raging inferno and tongues of fl

Published 20 Jan, 2007 12:00am

Mixed trend on stock market

Mixed trend was observed on the Karachi Stock Exchange on Friday. However, the KSE-100 index managed to continue its uptrend, closing at 10641.31 points, up by a nominal 0.60 points, while the KSE-30 index gained 27.74 points to close at 13392.77 points.

Published 20 Jan, 2007 12:00am

Women's autonomy and happiness: The case of Pakistan - II

Multivariate analysis results: We have so far tried to establish the association between women's happiness level and various indicators of women's autonomy as well as her socio-economic, cultural and place of residence.

Published 20 Jan, 2007 12:00am

Used cars import: Auto industry submits proposals

The auto industry has submitted its proposals to the government regarding import of used vehicles, seeking complete ban on gift and baggage scheme, it is learnt.

Published 20 Jan, 2007 12:00am

Ghettoisation of Muslims: trends and consequences

A major issue afflicting Muslims in some parts of India is that of enforced ghettoisation. Periodic anti-Muslim riots and pogroms, sometimes instigated by state authorities in league with fiercely anti-Muslim Hindutva groups, have forced Muslims in severa

Published 20 Jan, 2007 12:00am

Starr fails to check fake refund claims

Collectors of sales tax have informed the Central Board of Revenue (CBR) that the taxpayers are regularly filing fake claims for obtaining sales tax refunds due to ineffective STARR computer programme.

Published 20 Jan, 2007 12:00am

How American academics look at Muslim community

A visit to the United States of America in September last was markedly different than my previous visits. My focus was on the attitude of the natives Americans toward those who were Muslims and had immigrated to the USA from different parts of the world.

Published 20 Jan, 2007 12:00am

Starr fails to check fake refund claims

Collectors of sales tax have informed the Central Board of Revenue (CBR) that the taxpayers are regularly filing fake claims for obtaining sales tax refunds due to ineffective STARR computer programme.

Published 20 Jan, 2007 12:00am

Why we must have a new Constitution

The provinces will never have autonomy, the Punjab will always dominate other provinces, Assemblies will continue to be dissolved prematurely and the heads of state and government will always be in conflict unless the present Constitution is scrapped.

Published 20 Jan, 2007 12:00am

Starr fails to check fake refund claims

Collectors of sales tax have informed the Central Board of Revenue (CBR) that the taxpayers are regularly filing fake claims for obtaining sales tax refunds due to ineffective STARR computer programme.

Published 20 Jan, 2007 12:00am

Profile of Pakistan International Container Terminal Limiyted

In June 2002, Premier Mercantile Services (Pvt) Ltd ("PMS"), as Sponsors of the Project, entered into an Implementation Agreement ("IA") with Karachi Port Trust ("KPT") to design, construct, operate and transfer after 21 years a modern Container Terminal

Published 20 Jan, 2007 12:00am

Muharram moon to be sighted today

The new moon is likely to be sighted today (Saturday), and Muharram 1, 1428 AH would fall on Sunday. According to astronomical parameters, there is very good chance of sighting the Muharram moon today. The moon crossed the conjunction line on Friday, at 0

Published 20 Jan, 2007 12:00am

Iqra Block: an introduction

It was the year 1982 when two adjacent plots of land bearing number 17 & 18 at the prime location of Block 15 of Gulistan-e-Jauhar, Karachi were allotted to the Income Tax Department for a total consideration of Rs 3.43 million.

Published 20 Jan, 2007 12:00am

Muharram moon to be sighted today

The new moon is likely to be sighted today (Saturday), and Muharram 1, 1428 AH would fall on Sunday. According to astronomical parameters, there is very good chance of sighting the Muharram moon today. The moon crossed the conjunction line on Friday, at 0

Published 20 Jan, 2007 12:00am

Re-collections

Additional Commissioner of Income Tax, Companies-V, Karachi Inauguration of Iqra Block, Regional Tax Office, is a joyous occasion. It is a building that will mainly house our probationers, who will be attending a degree course at IBA, Karachi, to attain M

Published 20 Jan, 2007 12:00am

OGDC second IPO oversubscribed

Against high hopes, the Oil and Gas Development Company's (OGDC) secondary public offering has been over-subscribed by 25 percent only, taking total number of subscribed shares to around 25 million against 21 million offered shares.

Published 20 Jan, 2007 12:00am

Central Board of Revenue: initiatives in HRM

The main objective of the reform program of CBR is to build a modern tax system that facilitates and improves voluntary compliance with tax laws. More specifically, the program seeks to increase tax revenues by improving the effectiveness, responsiveness

Published 20 Jan, 2007 12:00am

OGDC second IPO oversubscribed

Against high hopes, the Oil and Gas Development Company's (OGDC) secondary public offering has been over-subscribed by 25 percent only, taking total number of subscribed shares to around 25 million against 21 million offered shares.

Published 20 Jan, 2007 12:00am

Message from Member HRM

The classic cooperation between the filed operations, the training directorates and the HRM wing has culminated in setting up a hostel facility at Karachi for our probationers of 33rd Common undergoing MBA Tax Management program at the Institute of Busine

Published 20 Jan, 2007 12:00am

IBM profit rises

IBM's quarterly profit rose 11 percent, but its shares fell more than 5 percent as the earnings failed to beat some investors' forecasts and computer hardware sales lagged some targets. The stock had been up 37 percent from a year low last July, raising e

Published 20 Jan, 2007 12:00am

Message from Director General RTO Karachi

As a field unit in the implementation of policies of the central Board of Revenue for collection of revenues under the TRAP program, The Regional Tax Office (R.T.O), Karachi is basically meant to pursuing the revenue targets of the Federal Government conc

Published 20 Jan, 2007 12:00am

IBM profit rises

IBM's quarterly profit rose 11 percent, but its shares fell more than 5 percent as the earnings failed to beat some investors' forecasts and computer hardware sales lagged some targets. The stock had been up 37 percent from a year low last July, raising e

Published 20 Jan, 2007 12:00am

Message from Member (Direct Taxes), CBR, Islamabad

The first convocation culminating in granting of MBA (Tax Management) degrees to officers of Central Board of Revenue is a milestone in the history of our tax administration.

Published 20 Jan, 2007 12:00am

China becomes world leader in stainless steel production: report

China has for the first time become the world's largest stainless steel producer, with its output exceeding five millions tonnes in 2006, a rise of 60 percent since 2005, state news agency Xinhua reported.

Published 20 Jan, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 27	278.47
USD PKR Interbank Buying / Dec 27	278.22
USD to Japanese Yen / Dec 27	157.87
USD to Swiss Franc / Dec 27	0.90
Pound Sterling to USD / Dec 27	1.26
Euro to USD / Dec 27	1.04

Stock	Volume
S&P 500 / Dec 27	5,970.84
India Sensex / Dec 27	78,699.07
Tokyo Nikkei / Dec 27	40,281.16
Nasdaq / Dec 27	19,238.48
Hang Seng / Dec 27	20,090.46
FTSE 100 / Dec 27	8,149.78
Dow Jones / Dec 27	42,992.21
Germany DAX 30 / Dec 27	19,984.32

Item	Value
Crude Oil USD/Barrel / Dec 27	70.60
Karachi Cotton PKR/37.32 KG / Dec 27	17,785
Gold 10 Grams PKR / Dec 27	234,225
Gold Spot USD/Ounce / Dec 27	2,621.40
Cotton US¢/pound / Dec 27	68.89
Petrol/Litre / Dec 28	252.10

Stock	Price
First Capital Equities / Dec 27 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Chenab Ltd (Pref) / Dec 27 Chenab Limited (Pref)(CLCPS)	4.50 ▲ 0.60 (15.38%)
Sec. Inv. Bank / Dec 27 Security Investment Bank Limited(SIBL)	7.99 ▲ 1.00 (14.31%)
786 Invest Ltd / Dec 27 786 Investments Limited(786)	8.15 ▲ 1.00 (13.99%)
Chenab Ltd / Dec 27 Chenab Limited(CHBL)	9.61 ▲ 1.00 (11.61%)
Next Capital / Dec 27 Next Capital Limited(NEXT)	10.90 ▲ 1.00 (10.10%)
Image Pakistan / Dec 27 Image Pakistan Limited(IMAGE)	20.31 ▲ 1.85 (10.02%)
Baba Farid Sugar / Dec 27 Baba Farid Sugar Mills Limited(BAFS)	53.08 ▲ 4.83 (10.01%)
Biafo Ind. / Dec 27 Biafo Industries Limited(BIFO)	208.88 ▲ 18.99 (10.00%)

Stock	Price
Burj Clean Energy Modaraba / Dec 27 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.10 ▼ -1.00 (-10.99%)
Blue-Ex Ltd / Dec 27 Blue-Ex Limited (GEM)(GEMBLUEX)	40.15 ▼ -4.46 (-10.00%)
Al-Khair Gadoon / Dec 27 Al-Khair Gadoon Limited(AKGL)	41.71 ▼ -4.63 (-9.99%)
Leiner Pak Gelat / Dec 27 Leiner Pak Gelatine Limited(LPGL)	131 ▼ -14.19 (-9.77%)
Jauharabad Sug / Dec 27 Jauharabad Sugar Mills Limited(JSML)	21 ▼ -2.10 (-9.09%)
Aruj Industries / Dec 27 Aruj Industries Limited(ARUJ)	8.62 ▼ -0.86 (-9.07%)
First Imrooz Mod. / Dec 27 First Imrooz Modaraba(FIMM)	200.20 ▼ -19.80 (-9.00%)
MithchellsFruit / Dec 27 Mitchells Fruit Farms Limited(MFFL)	243 ▼ -23.05 (-8.66%)
Grays Leasing / Dec 27 Grays Leasing Limited(GRYL)	5.71 ▼ -0.48 (-7.75%)

Stock	Volume
Fauji Foods Ltd / Dec 27 Fauji Foods Limited(FFL)	104,369,036 ▲ 0.78
WorldCall Telecom / Dec 27 Worldcall Telecom Limited(WTL)	72,731,608 ▲ 0.00
TRG Pak Ltd / Dec 27 TRG Pakistan Limited(TRG)	46,907,628 ▲ 1.54
Cnergyico PK / Dec 27 Cnergyico PK Limited(CNERGY)	40,110,243 ▲ 0.30
Hascol Petrol / Dec 27 Hascol Petroleum Limited(HASCOL)	34,416,789 ▲ 0.06
B.O.Punjab / Dec 27 The Bank of Punjab(BOP)	30,318,392 ▲ 0.04
Ghani Chem. Ind. / Dec 27 Ghani Chemical Industries Limited(GCIL)	26,183,062 ▲ 0.50
Sui South Gas / Dec 27 Sui Southern Gas Company Limited(SSGC)	25,823,481 ▲ 3.11
Silk Bank Ltd / Dec 27 Silkbank Limited(SILK)	25,520,925 ▼ -0.08

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