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Print - 2007-01-20
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 19, 2007).
Published 20 Jan, 2007 12:00am
Potato export to Iran begins

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

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

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

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

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
China delays energy target report to check data

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
South African trade conditions seen deteriorating

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
Pak-UAE trade to hit $5.1 billion

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
Bill buying rates per unit of currency

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
Over 150 shops gutted in Bara market

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
Over 150 shops gutted in Bara market

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
Exchange rates: buying and selling

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
Seed-cotton arrivals down 0.90 percent

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

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

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
Seed-cotton arrivals down 0.90 percent

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
New signs of India-Pakistan atom arms race: study

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
New signs of India-Pakistan atom arms race: study

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
July-September FED collection shows poor results

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
July-September FED collection shows poor results

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
ISE index up 3.80 points

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
July-December textile exports up 4.3 percent

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
July-December textile exports up 4.3 percent

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
BRIDGE NOTES: Masood Saleem, a wizard of Pakistan bridge

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
Saarc visas no more valid

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

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

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

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

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
Alfalah Bank declares PLS profit rates

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 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

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 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
Habib Bank declares PLS profit rates

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
July-December textile exports up 4.3 percent

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
Habib Bank declares PLS profit rates

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

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
Standard Chartered Bank (Pakistan) Limited

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

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

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
Schlumberger profit tops view

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
Schlumberger profit tops view

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
State Bank of Pakistan conversion rates

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
Barclays bid rates and maximum rates for payment of interest

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
PSRMA anxious about raw material shortage

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
Oil prices soft above $50

Oil prices soft above $50

Oil prices stayed weak at just above $50 a barrel on Friday, after sliding below that level a day earlier to a 20-month low due to a sharp increase in crude supplies in the United States. US crude fell 8 cents to $50.40 a barrel by 0639 GMT, after ending
Published 20 Jan, 2007 12:00am
US Stocks: Friday's midafternoon trade

US Stocks: Friday's midafternoon trade

US stocks were little changed after disappointing financial results from IBM were offset by a rebound in energy shares and news of a share buyback by Alcoa Inc.
Published 20 Jan, 2007 12:00am
Chinese stocks end up 2.73 percent

Chinese stocks end up 2.73 percent

China's main stock index rose 2.73 percent on Friday, as banks rebounded and property stocks stabilised after falling sharply for two days in response to news that authorities would enforce a land appreciation tax.
Published 20 Jan, 2007 12:00am
Bonds: takeover news abounds

Bonds: takeover news abounds

A slew of take-over stories injected volatility into Europe's corporate credit market on Friday, while the bellwether iTraxx Crossover index retreated from the psychologically important 200 basis-point mark.
Published 20 Jan, 2007 12:00am
Bonds: takeover news abounds

Bonds: takeover news abounds

A slew of take-over stories injected volatility into Europe's corporate credit market on Friday, while the bellwether iTraxx Crossover index retreated from the psychologically important 200 basis-point mark.
Published 20 Jan, 2007 12:00am
Swiss franc rises versus yen

Swiss franc rises versus yen

The Swiss franc extended gains versus the yen in early trade on Friday one day after the Bank of Japan's decision to keep interest rates on hold. Against the dollar, the Swissie was also stronger. But against the euro, the franc lost ground, hovering clos
Published 20 Jan, 2007 12:00am
Yen keeps weak tone in London

Yen keeps weak tone in London

The yen held near four year lows against the dollar and edged closer to record lows versus the euro on Friday, a day after the Bank of Japan stood pat on interest rates. Strength in euro/yen rippled through to help the single European currency defy Thursd
Published 20 Jan, 2007 12:00am
Sterling remains at peak

Sterling remains at peak

Sterling approached the previous session's 2-1/2 year highs against the euro on Friday after British retail sales data exceeded expectations. Sales rose 1.1 percent in December, their fastest monthly rate in 1-1/2 years and above forecasts of 0.5 percent
Published 20 Jan, 2007 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee rose on Friday as exporters sold dollars, but its gains were capped by suspected central bank intervention, traders said. The partially convertible rupee ended at 44.26/27 per dollar, off an intraday high of 44.25 but firmer than the prev
Published 20 Jan, 2007 12:00am
Japan and UK join concern over Chinese missile test

Japan and UK join concern over Chinese missile test

Beijing insisted on Friday it was opposed to an arms race in space after Japan and Britain joined a chorus of concern over a satellite-killing missile test by China - the first known experiment of its type in more than 20 years.
Published 20 Jan, 2007 12:00am
Devastating storm leaves 44 dead across Europe

Devastating storm leaves 44 dead across Europe

Countries across Europe counted the cost Friday of a devastating storm that killed at least 44 people, brought transport systems to a standstill and disrupted crucial energy supplies.
Published 20 Jan, 2007 12:00am
Bush picks new ambassador to Afghanistan

Bush picks new ambassador to Afghanistan

President George W. Bush on Thursday nominated William Wood to be ambassador to Afghanistan, the latest in a shuffle of top diplomats in a region the United States considers central to fighting terrorism.
Published 20 Jan, 2007 12:00am
Millions in India take dip into Ganges

Millions in India take dip into Ganges

Ash-smeared Hindu holy men ran naked into the frigid Ganges before dawn Friday, kicking off the high point of a festival that organisers said would see more than 20 million people take a dip.
Published 20 Jan, 2007 12:00am
Over 60 feared drowned as Indian boat capsize

Over 60 feared drowned as Indian boat capsize

More than 60 people returning home from a Hindu festival in southern India were feared drowned after their overcrowded boat capsized and sank while crossing a river, police said on Friday.
Published 20 Jan, 2007 12:00am
Pentagon sets rules for terrorism suspect trials

Pentagon sets rules for terrorism suspect trials

The Pentagon on Thursday gave broad discretion to judges to decide what evidence may be presented against suspected al Qaeda and Taliban members facing trial in the new military commissions court system.
Published 20 Jan, 2007 12:00am
'Mona Lisa' died in 1542, was buried in convent: researcher

'Mona Lisa' died in 1542, was buried in convent: researcher

An expert on the "Mona Lisa" says he has ascertained with certainty that the symbol of feminine mystique died on July 15, 1542, and was buried at the convent in central Florence where she spent her final days.
Published 20 Jan, 2007 12:00am
Sri Lanka takes key rebel town, death toll hits 376

Sri Lanka takes key rebel town, death toll hits 376

Sri Lankan troops captured the main rebel bastion in the island's east on Friday after weeks of heavy clashes which killed at least 376 combatants, the defence ministry said.
Published 20 Jan, 2007 12:00am
'UK troops to stay in Iraq through 2007'

'UK troops to stay in Iraq through 2007'

Britain's senior representative in Iraq said British forces will remain in Iraq through 2007 and perhaps into 2008 if the Baghdad government asks for continued help. "Do I see ourselves being here throughout 2007? Yes," said Army Lieutenant General Graeme
Published 20 Jan, 2007 12:00am
Former US lawmaker gets jail

Former US lawmaker gets jail

Former Republican Representative Bob Ney of Ohio was sentenced on Friday to 2 1/2 years in prison for his role in the Jack Abramoff political corruption scandal that helped Democrats win control of the US Congress.
Published 20 Jan, 2007 12:00am
Bush renews freeze on Osama assets

Bush renews freeze on Osama assets

US President George W. Bush on Thursday renewed for one year an asset freeze on terrorist chief Osama bin Laden and his al Qaeda network as well as groups like Hezbollah and Islamic Jihad.
Published 20 Jan, 2007 12:00am
US troops arrest Sadr aide as Gates visits Iraq

US troops arrest Sadr aide as Gates visits Iraq

US and Iraqi troops seized a prominent spokesman for Shia cleric Moqtada al-Sadr on Friday, confronting a movement that has a key role in the ruling coalition but is accused by Washington of running death squads.
Published 20 Jan, 2007 12:00am
British race row flares up

British race row flares up

Indian-born Man Booker Prize winner Kiran Desai jumped into the fray Friday over racist bullying in Britain, saying she has been called a "damned Paki" in the country.
Published 20 Jan, 2007 12:00am
Israel transfers $100 million to Abbas

Israel transfers $100 million to Abbas

Israel transferred $100 million in withheld Palestinian tax revenue to President Mahmoud Abbas on Friday, part of a US-led push to bolster the moderate leader in his power struggle with Hamas, Israeli officials said.
Published 20 Jan, 2007 12:00am
Circumcision not yet right for China AIDS fight

Circumcision not yet right for China AIDS fight

China is still looking at evidence that male circumcision can play an important role in fighting the spread of AIDS and is not currently considering such a campaign, a senior health official said on Friday.
Published 20 Jan, 2007 12:00am
Guinea strike poses toughest challenge yet to Conte

Guinea strike poses toughest challenge yet to Conte

A general strike crippling Guinea poses the toughest challenge yet to the 23-year rule of President Lansana Conte and threatens to throw the West African state into political turmoil, analysts and diplomats say.
Published 20 Jan, 2007 12:00am
Family claims mystery Cambodian jungle woman

Family claims mystery Cambodian jungle woman

The supposed father of a woman thought to have grown up wild in the remote Cambodian jungle told Friday how he found her walking hunched like a monkey after nearly two decades apart.
Published 20 Jan, 2007 12:00am
Shoaib Akhtar gives Pakistan the edge in second Test

Shoaib Akhtar gives Pakistan the edge in second Test

Pakistan fast bowler Shoaib Akhtar made a sensational return to Test cricket as wickets tumbled on the first day of the second Test against South Africa at St George's Park Friday. Shoaib took four for 26 as South Africa were bowled out for 124, their low
Published 20 Jan, 2007 12:00am
Australia win despite England fightback

Australia win despite England fightback

Australia secured a four-wicket win over valiant England in their one-day cricket international at the Gabba here Friday, almost certainly sealing a place in the finals of the tri-nations series.
Published 20 Jan, 2007 12:00am
Roddick outguns Safin; Federer, Mauresmo advance

Roddick outguns Safin; Federer, Mauresmo advance

Andy Roddick kept his head while Marat Safin and all around him were losing theirs to win the titanic showdown of the third round at the Australian Open on Friday.
Published 20 Jan, 2007 12:00am
PCB to construct modern cricket stadium in Peshawar

PCB to construct modern cricket stadium in Peshawar

Pakistan Cricket Board (PCB) to construct a modern and well equipped cricket stadium in the provincial metropolis and would also upgrade Arbab Niaz Cricket Stadium with installation of electronic scoreboard, floodlights.
Published 20 Jan, 2007 12:00am
Hong Kong dollar slips further

Hong Kong dollar slips further

The Hong Kong dollar continued to fall on Friday as corporate demand for the US dollar persisted and some players unwound positions. The domestic currency was trading at 7.8111/13 against the US dollar at 1014 GMT, having touched near 17-year lows of 7.81
Published 20 Jan, 2007 12:00am
Most Asian currencies steady

Most Asian currencies steady

Most Asian currencies were steady to moderately firmer on Friday even as the Japanese yen was stuck near a four-year low against the dollar after the Bank of Japan decided to stand pat on interest rates.
Published 20 Jan, 2007 12:00am
Dollar near four-year high

Dollar near four-year high

The dollar rose to nearly a four-year peak against the yen on Thursday, buoyed by a raft of generally strong US economic data and a decision by the Bank of Japan to keep interest rates steady. The dollar, however, turned lower against the euro and sterlin
Published 20 Jan, 2007 12:00am
Yen stuck near four-year low

Yen stuck near four-year low

The yen was mired near a four-year low against the dollar on Friday, a day after the Bank of Japan's decision to stand pat on interest rates sparked a broad sell-off in the low-yielding Japanese currency.
Published 20 Jan, 2007 12:00am
'Yen fall separate issue from rates'

'Yen fall separate issue from rates'

Finance Minister Koji Omi said on Friday the yen's fall was a separate issue from a decision by the Bank of Japan to leave interest rates unchanged. He declined at a news conference to comment on specific currency levels, which he said were decided by var
Published 20 Jan, 2007 12:00am